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Tj ET Q q 0 0 0 rg BT 344.05 356.10 Td (Y) Tj ET Q q 0 0 0 rg BT 350.27 356.10 Td (es) Tj ET Q /GS0 gs q 8.92 0 0 10.09 361.10 353.94 cm /I7 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.02 356.10 Td (No) Tj ET Q /GS0 gs q 8.91 0 0 10.09 389.74 353.94 cm /I8 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 344.10 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 97.40 344.10 Td (by ) Tj ET Q q 0 0 0 rg BT 111.09 344.10 Td (check ) Tj ET Q q 0 0 0 rg BT 138.10 344.10 Td (mark ) Tj ET Q q 0 0 0 rg BT 162.35 344.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 198.25 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.16 344.10 Td (registrant ) Tj ET Q q 0 0 0 rg BT 255.62 344.10 Td (has ) Tj ET Q q 0 0 0 rg BT 272.64 344.10 Td (submitted ) Tj ET Q q 0 0 0 rg BT 315.78 344.10 Td (electronically ) Tj ET Q q 0 0 0 rg BT 373.89 344.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.03 344.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 421.83 344.10 Td (on ) Tj ET Q q 0 0 0 rg BT 435.53 344.10 Td (its ) Tj ET Q q 0 0 0 rg BT 448.67 344.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 489.85 344.10 Td (W) Tj ET Q q 0 0 0 rg BT 498.49 344.10 Td (ebsite, ) Tj ET Q q 0 0 0 rg BT 528.01 344.10 Td (if ) Tj ET Q q 0 0 0 rg BT 537.81 344.10 Td (any) Tj ET Q q 0 0 0 rg BT 551.60 344.10 Td (, ) Tj ET Q q 0 0 0 rg BT 557.80 344.10 Td (every ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (Interactive ) Tj ET Q q 0 0 0 rg BT 94.66 332.10 Td (Data ) Tj ET Q q 0 0 0 rg BT 115.94 332.10 Td (File ) Tj ET Q q 0 0 0 rg BT 133.90 332.10 Td (required ) Tj ET Q q 0 0 0 rg BT 169.62 332.10 Td (to ) Tj ET Q q 0 0 0 rg BT 179.81 332.10 Td (be ) Tj ET Q q 0 0 0 rg BT 191.65 332.10 Td (submitted ) Tj ET Q q 0 0 0 rg BT 233.50 332.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.35 332.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 278.86 332.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 315.71 332.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.89 332.10 Td (Rule405 ) Tj ET Q q 0 0 0 rg BT 364.68 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.42 332.10 Td (RegulationS-T) Tj ET Q q 0 0 0 rg BT 436.62 332.10 Td ( ) Tj ET Q q 0 0 0 rg BT 439.03 332.10 Td (during ) Tj ET Q q 0 0 0 rg BT 467.54 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.17 332.10 Td (preceding ) Tj ET Q q 0 0 0 rg BT 524.00 332.10 Td (12months ) Tj ET Q q 0 0 0 rg BT 568.35 332.10 Td (\(or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 320.10 Td (such ) Tj ET Q q 0 0 0 rg BT 84.49 320.10 Td (shorter ) Tj ET Q q 0 0 0 rg BT 114.76 320.10 Td (period ) Tj ET Q q 0 0 0 rg BT 142.81 320.10 Td (that ) Tj ET Q q 0 0 0 rg BT 160.30 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.02 320.10 Td (registrant ) Tj ET Q q 0 0 0 rg BT 215.28 320.10 Td (was ) Tj ET Q q 0 0 0 rg BT 233.33 320.10 Td (required ) Tj ET Q q 0 0 0 rg BT 269.15 320.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.43 320.10 Td (submit ) Tj ET Q q 0 0 0 rg BT 309.15 320.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.09 320.10 Td (post ) Tj ET Q q 0 0 0 rg BT 345.26 320.10 Td (such ) Tj ET Q q 0 0 0 rg BT 366.09 320.10 Td (files\).) 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Tj ET Q /GS0 gs q 8.92 0 0 10.09 309.47 281.94 cm /I11 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 272.10 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 96.39 272.10 Td (by ) Tj ET Q q 0 0 0 rg BT 109.08 272.10 Td (check ) Tj ET Q q 0 0 0 rg BT 135.09 272.10 Td (mark ) Tj ET Q q 0 0 0 rg BT 158.33 272.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 193.22 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.13 272.10 Td (registrant ) Tj ET Q q 0 0 0 rg BT 248.58 272.10 Td (is ) Tj ET Q q 0 0 0 rg BT 257.95 272.10 Td (a ) Tj ET Q q 0 0 0 rg BT 265.07 272.10 Td (lar) Tj ET Q q 0 0 0 rg BT 275.44 272.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 287.57 272.10 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 335.22 272.10 Td (filer) Tj ET Q q 0 0 0 rg BT 351.47 272.10 Td (, ) Tj ET Q q 0 0 0 rg BT 356.66 272.10 Td (an ) Tj ET Q q 0 0 0 rg BT 368.79 272.10 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 416.44 272.10 Td (filer) Tj ET Q q 0 0 0 rg BT 432.69 272.10 Td (, ) Tj ET Q q 0 0 0 rg BT 437.88 272.10 Td (a ) Tj ET Q q 0 0 0 rg BT 445.01 272.10 Td (non-accelerated ) Tj ET Q q 0 0 0 rg BT 510.99 272.10 Td (filer) Tj ET Q q 0 0 0 rg BT 527.24 272.10 Td (, ) Tj ET Q q 0 0 0 rg BT 532.43 272.10 Td (or ) Tj ET Q q 0 0 0 rg BT 543.45 272.10 Td (a ) Tj ET Q q 0 0 0 rg BT 550.58 272.10 Td (smaller ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 88.42 260.10 Td (company) Tj ET Q q 0 0 0 rg BT 124.42 260.10 Td (. ) Tj ET Q q 0 0 0 rg BT 129.18 260.10 Td (See ) Tj ET Q q 0 0 0 rg BT 145.88 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.36 260.10 Td (definitions ) Tj ET Q q 0 0 0 rg BT 205.39 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.98 260.10 Td (lar) Tj ET Q q 0 0 0 rg BT 230.78 260.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 242.48 260.10 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 289.70 260.10 Td (filer) Tj ET Q q 0 0 0 rg BT 305.95 260.10 Td (, ) Tj ET Q q 0 0 0 rg BT 315.15 260.10 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 366.80 260.10 Td (filer ) Tj ET Q q 0 0 0 rg BT 390.16 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.86 260.10 Td (smaller ) Tj ET Q q 0 0 0 rg BT 442.99 260.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 481.90 260.10 Td (company ) Tj ET Q q 0 0 0 rg BT 525.26 260.10 Td (in ) Tj ET Q q 0 0 0 rg BT 535.29 260.10 Td (Rule12b-2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 248.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 116.42 248.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 135.86 248.10 Td (\(Check ) Tj ET Q q 0 0 0 rg BT 167.23 248.10 Td (one\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.65 227.27 Td (Lar) Tj ET Q q 0 0 0 rg BT 72.35 227.27 Td (geacceleratedfiler) Tj ET Q /GS0 gs q 8.92 0 0 10.09 153.40 225.11 cm /I12 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.55 227.27 Td (Acceleratedfiler ) Tj ET Q /GS0 gs q 8.91 0 0 10.09 255.44 225.11 cm /I13 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.70 227.27 Td (Non-acceleratedfiler ) Tj ET Q /GS0 gs q 8.91 0 0 10.09 394.36 225.11 cm /I14 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.80 227.27 Td (Smallerreportingcompany ) Tj ET Q /GS0 gs q 8.91 0 0 10.09 549.21 225.11 cm /I15 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.50 213.17 Td (\(Donotcheckifasmallerreportingcompany\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 198.10 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 96.20 198.10 Td (by ) Tj ET Q q 0 0 0 rg BT 108.70 198.10 Td (check ) Tj ET Q q 0 0 0 rg BT 134.52 198.10 Td (mark ) Tj ET Q q 0 0 0 rg BT 157.56 198.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 192.27 198.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.99 198.10 Td (registrant ) Tj ET Q q 0 0 0 rg BT 247.25 198.10 Td (is ) Tj ET Q q 0 0 0 rg BT 256.42 198.10 Td (a ) Tj ET Q q 0 0 0 rg BT 263.36 198.10 Td (shell ) Tj ET Q q 0 0 0 rg BT 284.75 198.10 Td (company ) Tj ET Q q 0 0 0 rg BT 323.90 198.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 338.06 198.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 370.55 198.10 Td (in ) Tj ET Q q 0 0 0 rg BT 380.83 198.10 Td (Rule12b-2 ) Tj ET Q q 0 0 0 rg BT 428.04 198.10 Td (of ) Tj ET Q q 0 0 0 rg BT 438.87 198.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.59 198.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 494.96 198.10 Td (Act\).) Tj ET Q q 0 0 0 rg BT 519.86 198.10 Td (Y) Tj ET Q q 0 0 0 rg BT 526.08 198.10 Td (es) Tj ET Q /GS0 gs q 8.91 0 0 10.09 539.41 195.94 cm /I16 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.32 198.10 Td (No) Tj ET Q /GS0 gs q 8.92 0 0 10.09 570.54 195.94 cm /I17 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 186.10 Td (As ) Tj ET Q q 0 0 0 rg BT 75.11 186.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.94 186.10 Td (June30, ) Tj ET Q q 0 0 0 rg BT 121.77 186.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.77 186.10 Td (, ) Tj ET Q q 0 0 0 rg BT 146.76 186.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.48 186.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 202.84 186.10 Td (market ) Tj ET Q q 0 0 0 rg BT 233.10 186.10 Td (value ) Tj ET Q q 0 0 0 rg BT 257.25 186.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.08 186.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.79 186.10 Td (registrant) Tj ET Q q 0 0 0 rg BT 323.34 186.10 Td (s ) Tj ET Q q 0 0 0 rg BT 329.73 186.10 Td (common ) Tj ET Q q 0 0 0 rg BT 367.22 186.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 390.82 186.10 Td (held ) Tj ET Q q 0 0 0 rg BT 410.54 186.10 Td (by ) Tj ET Q q 0 0 0 rg BT 423.04 186.10 Td (non-af) Tj ET Q q 0 0 0 rg BT 448.95 186.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 478.66 186.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.49 186.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.21 186.10 Td (registrant ) Tj ET Q q 0 0 0 rg BT 544.47 186.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.52 186.10 Td ($1.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.61 174.10 Td (. ) Tj ET Q q 0 0 0 rg BT 80.75 174.10 Td (The ) Tj ET Q q 0 0 0 rg BT 99.14 174.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 140.84 174.10 Td (market ) Tj ET Q q 0 0 0 rg BT 171.44 174.10 Td (value ) Tj ET Q q 0 0 0 rg BT 195.94 174.10 Td (was ) Tj ET Q q 0 0 0 rg BT 214.33 174.10 Td (computed ) Tj ET Q q 0 0 0 rg BT 256.61 174.10 Td (by ) Tj ET Q q 0 0 0 rg BT 269.45 174.10 Td (using ) Tj ET Q q 0 0 0 rg BT 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BT 187.26 162.10 Td (calculating ) Tj ET Q q 0 0 0 rg BT 233.51 162.10 Td (this ) Tj ET Q q 0 0 0 rg BT 250.35 162.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 282.74 162.10 Td (only) Tj ET Q q 0 0 0 rg BT 299.87 162.10 Td (, ) Tj ET Q q 0 0 0 rg BT 304.76 162.10 Td (all ) Tj ET Q q 0 0 0 rg BT 317.14 162.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 354.52 162.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.35 162.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 412.05 162.10 Td (of) Tj ET Q q 0 0 0 rg BT 420.20 162.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 444.79 162.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.51 162.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.12 162.10 Td (registrant ) Tj ET Q q 0 0 0 rg BT 510.27 162.10 Td (have ) Tj ET Q q 0 0 0 rg BT 531.54 162.10 Td (been ) Tj ET Q q 0 0 0 rg BT 552.81 162.10 Td (treated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.33 150.10 Td (af) Tj ET Q q 0 0 0 rg BT 67.92 150.10 Td (filiates.\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 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BT 546.62 138.10 Td (date.) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 168.35 118.43007812500002 m 186.5765625 118.43007812500002 l s q 0 0 0 rg BT 168.35 119.68 Td (Class) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.50 119.55 Td () Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 387.6 118.43007812500002 m 503.38515625 118.43007812500002 l s q 0 0 0 rg BT 387.60 119.68 Td (Outstanding at February 17, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.75 106.17 Td (Common Stock, $0.10par value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.50 105.85 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 106.17 Td (130,401,036) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.00 90.10 Td (Documents Incorporated By Refer) Tj ET Q q 0 0 0 rg BT 377.29 90.10 Td (ence:) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 86.2 70.43007812500002 m 263.7390625 70.43007812500002 l s q 0 0 0 rg BT 86.20 71.68 Td (Part of Form 10-K of Covanta Holding Corporation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 303.50 71.55 Td () Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 372.45 70.43007812500002 m 504.496875 70.43007812500002 l s q 0 0 0 rg BT 372.45 71.68 Td (Documents Incorporated by Reference) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.70 58.17 Td (PartIII) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 303.50 37.85 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.50 58.17 Td (Portions of the Proxy Statement to be filed with the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.50 48.17 Td (Securities and Exchange Commission in connection with) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.50 38.17 Td (the 2017 Annual Meeting of Stockholders.) Tj ET Q 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 1 J 1 j 3 M 49.5 24.100000000000023 m 580 24.100000000000023 l s BT /F1 10.00 Tf ET endstream endobj 5 0 obj <><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>] /Rotate 0 /Contents 6 0 R>> endobj 6 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.65 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 258.58 742.25 Td (ABLE OF) Tj ET Q q 0 0 0 rg BT 301.82 742.25 Td ( CONTENTS ) Tj ET Q 1 1 1 rg /GS0 gs 49.50 704.75 454.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 690.75 454.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 650.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 636.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 622.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 608.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 594.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 580.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 566.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 552.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 538.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 524.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 484.75 397.00 -24.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 460.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 446.75 397.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 431.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 417.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 403.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 389.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 375.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 361.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 347.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 333.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 319.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 305.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 291.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 277.75 397.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 262.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 248.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 208.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 194.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 180.75 397.00 -25.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 155.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 141.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 101.75 397.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 106.50 63.75 397.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 704.75 m 561.5 704.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 704.75 m 561.5 704.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 708.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 708.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 109.00 708.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.00 708.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.75 708.83 Td (Page) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 693.9833984375 m 282.5078125 693.9833984375 l s q 0 0 1 rg BT 52.00 695.32 Td (Cautionary Note Regarding Forward-Looking Statements) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.00 695.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 679.9833984375 m 160.1201171875 679.9833984375 l s q 0 0 1 rg BT 52.00 681.32 Td (A) Tj ET Q q 0 0 1 rg BT 58.48 681.32 Td (vailability of Information) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 288.8 652.91259765625 m 321.1388671875 652.91259765625 l s q 0 0 1 rg BT 288.80 654.48 Td (P) Tj ET Q q 0 0 1 rg BT 294.17 654.48 Td (AR) Tj ET Q q 0 0 1 rg BT 308.26 654.48 Td (T) Tj ET Q q 0 0 1 rg BT 314.75 654.48 Td (I) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 639.9833984375 m 80.3251953125 639.9833984375 l s q 0 0 1 rg BT 52.00 641.32 Td (Item 1.) 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Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 465.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 109 473.9833984375 m 495.7919921875 473.9833984375 l s q 0 0 1 rg BT 109.00 475.32 Td (Market For Registrant) Tj ET Q q 0 0 1 rg BT 200.65 475.32 Td (s Common Equity) Tj ET Q q 0 0 1 rg BT 272.78 475.32 Td (, Related Stockholder Matters ) Tj ET Q q 0 0 1 rg BT 394.15 475.32 Td (And Issuer Purchases Of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 118 463.9833984375 m 182.70703125 463.9833984375 l s q 0 0 1 rg BT 118.00 465.32 Td (Equity Securitie) 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 182.71 465.32 Td (s) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.00 465.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 449.9833984375 m 80.3251953125 449.9833984375 l s q 0 0 1 rg BT 52.00 451.32 Td (Item6.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 451.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 109 449.9833984375 m 203.9609375 449.9833984375 l s q 0 0 1 rg BT 109.00 451.32 Td (Selected Financial Data) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.00 451.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 435.9833984375 m 80.3251953125 435.9833984375 l s q 0 0 1 rg BT 52.00 437.32 Td (Item7.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 436.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 109 435.0833984375 m 476.197265625 435.0833984375 l s q 0 0 1 rg BT 109.00 436.42 Td (Management) Tj ET Q q 0 0 1 rg BT 163.98 436.42 Td (s Discussion ) Tj ET Q q 0 0 1 rg BT 216.21 436.42 Td (And ) Tj ET Q q 0 0 1 rg BT 235.38 436.42 Td (Analysis Of Financial Condition ) Tj ET Q q 0 0 1 rg BT 367.60 436.42 Td (And Results Of Operations) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.00 436.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 422.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 109 420.9833984375 m 148.4287109375 420.9833984375 l s q 0 0 1 rg BT 109.00 422.32 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.00 422.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 408.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 109 406.9833984375 m 197.876953125 406.9833984375 l s q 0 0 1 rg BT 109.00 408.32 Td (Results Of Operations) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.00 408.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 394.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 127 392.9833984375 m 398.1376953125 392.9833984375 l s q 0 0 1 rg BT 127.00 394.32 Td (Y) Tj ET Q q 0 0 1 rg BT 133.22 394.32 Td (ear Ended December31, 2016 vs. ) Tj ET Q q 0 0 1 rg BT 270.58 394.32 Td (Y) Tj ET Q q 0 0 1 rg BT 276.80 394.32 Td (ear Ended December31, 2015) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.00 394.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 380.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 127 378.9833984375 m 398.1376953125 378.9833984375 l s q 0 0 1 rg BT 127.00 380.32 Td (Y) Tj ET Q q 0 0 1 rg BT 133.22 380.32 Td (ear Ended December31, 2015 vs. ) Tj ET Q q 0 0 1 rg BT 270.58 380.32 Td (Y) Tj ET Q q 0 0 1 rg BT 276.80 380.32 Td (ear Ended December31, 2014) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.00 380.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 109 364.9833984375 m 221.7783203125 364.9833984375 l s q 0 0 1 rg BT 109.00 366.32 Td (Adjusted EPS \(Non-GAAP\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 109 350.9833984375 m 240.6552734375 350.9833984375 l s q 0 0 1 rg BT 109.00 352.32 Td (Adjusted EBITDA) Tj ET Q q 0 0 1 rg BT 183.72 352.32 Td ( \(Non-GAAP\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 338.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 109 336.9833984375 m 240.3720703125 336.9833984375 l s q 0 0 1 rg BT 109.00 338.32 Td (Liquidity ) Tj ET Q q 0 0 1 rg BT 148.17 338.32 Td (And Capital Resources) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.00 338.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 109 322.9833984375 m 229.2685546875 322.9833984375 l s q 0 0 1 rg BT 109.00 324.32 Td (Free Cash Flow \(Non-GAAP\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 310.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 109 308.9833984375 m 341.75390625 308.9833984375 l s q 0 0 1 rg BT 109.00 310.32 Td (Discussion Of Critical ) Tj ET Q q 0 0 1 rg BT 200.38 310.32 Td (Accounting Policies ) Tj ET Q q 0 0 1 rg BT 283.15 310.32 Td (And Estimates) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.00 310.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 294.9833984375 m 87.546875 294.9833984375 l s q 0 0 1 rg BT 52.00 296.32 Td (Item7A.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 296.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 109 294.9833984375 m 352.8525390625 294.9833984375 l s q 0 0 1 rg BT 109.00 296.32 Td (Quantitative ) Tj ET Q q 0 0 1 rg BT 160.38 296.32 Td (And Qualitative Disclosures ) Tj ET Q q 0 0 1 rg BT 275.64 296.32 Td (About Market Risk) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.00 296.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 280.9833984375 m 80.3251953125 280.9833984375 l s q 0 0 1 rg BT 52.00 282.32 Td (Item8.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 282.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 109 280.9833984375 m 296.1826171875 280.9833984375 l s q 0 0 1 rg BT 109.00 282.32 Td (Financial Statements ) Tj ET Q q 0 0 1 rg BT 194.54 282.32 Td (And Supplementary Data) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.00 282.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 266.9833984375 m 80.3251953125 266.9833984375 l s q 0 0 1 rg BT 52.00 268.32 Td (Item9.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 267.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 109 266.0833984375 m 476.685546875 266.0833984375 l s q 0 0 1 rg BT 109.00 267.42 Td (Changes In ) Tj ET Q q 0 0 1 rg BT 156.22 267.42 Td (And Disagreements ) Tj ET Q q 0 0 1 rg BT 237.68 267.42 Td (W) Tj ET Q q 0 0 1 rg BT 246.72 267.42 Td (ith ) Tj ET Q q 0 0 1 rg BT 259.22 267.42 Td (Accountants On ) Tj ET Q q 0 0 1 rg BT 325.88 267.42 Td (Accounting ) Tj ET Q q 0 0 1 rg BT 374.48 267.42 Td (And Financial Disclosure) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.00 267.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 251.9833984375 m 87.546875 251.9833984375 l s q 0 0 1 rg BT 52.00 253.32 Td (Item9A.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 253.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 109 251.9833984375 m 209.546875 251.9833984375 l s q 0 0 1 rg BT 109.00 253.32 Td (Controls ) Tj ET Q q 0 0 1 rg BT 145.40 253.32 Td (And Procedures) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.00 253.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 237.9833984375 m 86.9951171875 237.9833984375 l s q 0 0 1 rg BT 52.00 239.32 Td (Item9B.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 239.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 109 237.9833984375 m 182.0322265625 237.9833984375 l s q 0 0 1 rg BT 109.00 239.32 Td (Other Information) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.00 239.00 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 284.9 210.91259765625 m 325.0220703125 210.91259765625 l s q 0 0 1 rg BT 284.90 212.48 Td (P) Tj ET Q q 0 0 1 rg BT 290.27 212.48 Td (AR) Tj ET Q q 0 0 1 rg BT 304.36 212.48 Td (T) Tj ET Q q 0 0 1 rg BT 310.85 212.48 Td (III) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 197.9833984375 m 85.3251953125 197.9833984375 l s q 0 0 1 rg BT 52.00 199.32 Td (Item10.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 199.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 109 197.9833984375 m 338.7265625 197.9833984375 l s q 0 0 1 rg BT 109.00 199.32 Td (Directors, Executive Of) Tj ET Q q 0 0 1 rg BT 204.06 199.32 Td (ficers ) Tj ET Q q 0 0 1 rg BT 228.21 199.32 Td (And Corporate Governance) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.00 199.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 183.9833984375 m 84.9541015625 183.9833984375 l s q 0 0 1 rg BT 52.00 185.32 Td (Item1) Tj ET Q q 0 0 1 rg BT 77.45 185.32 Td (1.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 185.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 109 183.9833984375 m 209.25390625 183.9833984375 l s q 0 0 1 rg BT 109.00 185.32 Td (Executive Compensation) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.00 185.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 169.9833984375 m 85.3251953125 169.9833984375 l s q 0 0 1 rg BT 52.00 171.32 Td (Item12.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 160.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 109 169.08339843750002 m 490.2939453125 169.08339843750002 l s q 0 0 1 rg BT 109.00 170.42 Td (Security Ownership Of Certain Beneficial Owners ) Tj ET Q q 0 0 1 rg BT 312.83 170.42 Td (And Management ) Tj ET Q q 0 0 1 rg BT 386.71 170.42 Td (And Related Stockholder ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 118 159.08339843750002 m 148.546875 159.08339843750002 l s q 0 0 1 rg BT 118.00 160.42 Td (Matters) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.00 160.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 144.9833984375 m 85.3251953125 144.9833984375 l s q 0 0 1 rg BT 52.00 146.32 Td (Item13.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 146.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 109 144.9833984375 m 416.158203125 144.9833984375 l s q 0 0 1 rg BT 109.00 146.32 Td (Certain Relationships ) Tj ET Q q 0 0 1 rg BT 197.33 146.32 Td (And Related ) Tj ET Q q 0 0 1 rg BT 249.91 146.32 Td (T) Tj ET Q q 0 0 1 rg BT 255.67 146.32 Td (ransactions, ) Tj ET Q q 0 0 1 rg BT 305.10 146.32 Td (And Director Independence) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.00 146.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 130.9833984375 m 85.3251953125 130.9833984375 l s q 0 0 1 rg BT 52.00 132.32 Td (Item14.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 132.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 109 130.9833984375 m 269.5224609375 130.9833984375 l s q 0 0 1 rg BT 109.00 132.32 Td (Principal ) Tj ET Q q 0 0 1 rg BT 147.05 132.32 Td (Accountant Fees ) Tj ET Q q 0 0 1 rg BT 215.92 132.32 Td (And Services) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.00 132.00 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 285.3 103.91259765625 m 324.77021484375 103.91259765625 l s q 0 0 1 rg BT 285.30 105.48 Td (P) Tj ET Q q 0 0 1 rg BT 290.67 105.48 Td (AR) Tj ET Q q 0 0 1 rg BT 304.76 105.48 Td (T) Tj ET Q q 0 0 1 rg BT 311.25 105.48 Td (IV) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 90.9833984375 m 85.3251953125 90.9833984375 l s q 0 0 1 rg BT 52.00 92.32 Td (Item15.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 92.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 109 90.9833984375 m 270.083984375 90.9833984375 l s q 0 0 1 rg BT 109.00 92.32 Td (Exhibits,Financial Statement Schedules) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.00 92.00 Td () Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 286.9 65.91259765625 m 323.0181640625 65.91259765625 l s q 0 0 1 rg BT 286.90 67.48 Td (OTHER) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 54.00 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 109 52.9833984375 m 151.216796875 52.9833984375 l s q 0 0 1 rg BT 109.00 54.32 Td (Signatures) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.00 54.00 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 532.5 693.86259765625 m 537.5 693.86259765625 l s q 0 0 1 rg BT 532.50 695.43 Td (3) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 532.5 679.86259765625 m 537.5 679.86259765625 l s q 0 0 1 rg BT 532.50 681.43 Td (4) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 532.5 639.86259765625 m 537.5 639.86259765625 l s q 0 0 1 rg BT 532.50 641.43 Td (5) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 530 625.86259765625 m 540 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Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 530 406.86259765625 m 540 406.86259765625 l s q 0 0 1 rg BT 530.00 408.43 Td (34) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 530 392.86259765625 m 540 392.86259765625 l s q 0 0 1 rg BT 530.00 394.43 Td (35) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 530 378.86259765625 m 540 378.86259765625 l s q 0 0 1 rg BT 530.00 380.43 Td (38) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 530 364.86259765625 m 540 364.86259765625 l s q 0 0 1 rg BT 530.00 366.43 Td (43) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 530 350.86259765625 m 540 350.86259765625 l s q 0 0 1 rg BT 530.00 352.43 Td (45) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 530 336.86259765625 m 540 336.86259765625 l s q 0 0 1 rg BT 530.00 338.43 Td (47) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 530 322.86259765625 m 540 322.86259765625 l s q 0 0 1 rg BT 530.00 324.43 Td (49) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 530 308.86259765625 m 540 308.86259765625 l s q 0 0 1 rg BT 530.00 310.43 Td (57) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 530 294.86259765625 m 540 294.86259765625 l s q 0 0 1 rg BT 530.00 296.43 Td (59) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 530 280.86259765625 m 540 280.86259765625 l s q 0 0 1 rg BT 530.00 282.43 Td (62) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 528.05 265.86259765625005 m 541.946484375 265.86259765625005 l s q 0 0 1 rg BT 528.05 267.43 Td (1) Tj ET Q q 0 0 1 rg BT 532.50 267.43 Td (1) Tj ET Q q 0 0 1 rg BT 536.95 267.43 Td (1) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 528.05 251.86259765625005 m 541.946484375 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BT 527.75 185.43 Td (1) Tj ET Q q 0 0 1 rg BT 532.20 185.43 Td (15) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 527.75 158.86259765625005 m 542.1982421875 158.86259765625005 l s q 0 0 1 rg BT 527.75 160.43 Td (1) Tj ET Q q 0 0 1 rg BT 532.20 160.43 Td (15) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 527.75 144.86259765625005 m 542.1982421875 144.86259765625005 l s q 0 0 1 rg BT 527.75 146.43 Td (1) Tj ET Q q 0 0 1 rg BT 532.20 146.43 Td (16) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 527.75 130.86259765625005 m 542.1982421875 130.86259765625005 l s q 0 0 1 rg BT 527.75 132.43 Td (1) Tj ET Q q 0 0 1 rg BT 532.20 132.43 Td (16) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 527.75 90.86259765625005 m 542.1982421875 90.86259765625005 l s q 0 0 1 rg BT 527.75 92.43 Td (1) Tj ET Q q 0 0 1 rg BT 532.20 92.43 Td (16) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 527.5 52.862597656250045 m 542.5 52.862597656250045 l s q 0 0 1 rg BT 527.50 54.43 Td (121) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 7 0 obj <>] /Rotate 0 /Contents 8 0 R>> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (3) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 50.00 733.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.40 721.85 Td (CAUTIONAR) Tj ET Q q 0 0 0 rg BT 197.72 721.85 Td (Y) Tj ET Q q 0 0 0 rg BT 204.57 721.85 Td ( NOTEREGARDING FOR) Tj ET Q q 0 0 0 rg BT 323.39 721.85 Td (W) Tj ET Q q 0 0 0 rg BT 332.28 721.85 Td (ARD-LOOKING ST) Tj ET Q q 0 0 0 rg BT 420.16 721.85 Td (A) Tj ET Q q 0 0 0 rg BT 426.64 721.85 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 703.85 Td (Certain ) Tj ET Q q 0 0 0 rg BT 90.51 703.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 134.79 703.85 Td (in ) Tj ET Q q 0 0 0 rg BT 144.64 703.85 Td (this ) Tj ET Q q 0 0 0 rg BT 160.71 703.85 Td (Annual ) Tj ET Q q 0 0 0 rg BT 192.22 703.85 Td (Report ) Tj ET Q q 0 0 0 rg BT 221.51 703.85 Td (on ) Tj ET Q q 0 0 0 rg BT 233.58 703.85 Td (Form ) Tj ET Q q 0 0 0 rg BT 257.32 703.85 Td (10-K ) Tj ET Q q 0 0 0 rg BT 279.95 703.85 Td (may ) Tj ET Q q 0 0 0 rg BT 299.24 703.85 Td (constitute ) Tj ET Q q 0 0 0 rg BT 340.19 703.85 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 416.68 703.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 460.96 703.85 Td (as ) Tj ET Q q 0 0 0 rg BT 471.36 703.85 Td (defined ) Tj ET Q q 0 0 0 rg BT 503.42 703.85 Td (in ) Tj ET Q q 0 0 0 rg BT 513.27 703.85 Td (Section ) Tj ET Q q 0 0 0 rg BT 545.34 703.85 Td (27A) Tj ET Q q 0 0 0 rg BT 562.01 703.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.85 Td (of ) Tj ET Q q 0 0 0 rg BT 61.09 691.85 Td (the ) Tj ET Q q 0 0 0 rg BT 76.06 691.85 Td (Securities ) Tj ET Q q 0 0 0 rg BT 117.65 691.85 Td (Act ) Tj ET Q q 0 0 0 rg BT 134.85 691.85 Td (of ) Tj ET Q q 0 0 0 rg BT 145.93 691.85 Td (1933 ) Tj ET Q q 0 0 0 rg BT 168.69 691.85 Td (\(the ) Tj ET Q q 0 0 0 rg BT 187.00 691.85 Td (Securities ) Tj ET Q q 0 0 0 rg BT 233.02 691.85 Td (Act\), ) Tj ET Q q 0 0 0 rg BT 260.49 691.85 Td (Section ) Tj ET Q q 0 0 0 rg BT 293.24 691.85 Td (21E ) Tj ET Q q 0 0 0 rg BT 312.11 691.85 Td (of ) Tj ET Q q 0 0 0 rg BT 323.20 691.85 Td (the ) Tj ET Q q 0 0 0 rg BT 338.17 691.85 Td (Securities ) Tj ET Q q 0 0 0 rg BT 380.36 691.85 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 421.94 691.85 Td (Act ) Tj ET Q q 0 0 0 rg BT 439.14 691.85 Td (of ) Tj ET Q q 0 0 0 rg BT 450.22 691.85 Td (1934 ) Tj ET Q q 0 0 0 rg BT 472.98 691.85 Td (\(the ) Tj ET Q q 0 0 0 rg BT 491.29 691.85 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 537.30 691.85 Td (Act\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.85 Td (the ) Tj ET Q q 0 0 0 rg BT 63.54 679.85 Td (Private ) Tj ET Q q 0 0 0 rg BT 93.20 679.85 Td (Securities ) Tj ET Q q 0 0 0 rg BT 133.96 679.85 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 174.72 679.85 Td (Reform ) Tj ET Q q 0 0 0 rg BT 206.30 679.85 Td (Act ) Tj ET Q q 0 0 0 rg BT 222.07 679.85 Td (of ) Tj ET Q q 0 0 0 rg BT 231.73 679.85 Td (1995 ) Tj ET Q q 0 0 0 rg BT 253.05 679.85 Td (\(the ) Tj ET Q q 0 0 0 rg BT 269.93 679.85 Td (PSLRA\) ) Tj ET Q q 0 0 0 rg BT 314.58 679.85 Td (or ) Tj ET Q q 0 0 0 rg BT 324.24 679.85 Td (in ) Tj ET Q q 0 0 0 rg BT 333.35 679.85 Td (releases ) Tj ET Q q 0 0 0 rg BT 366.32 679.85 Td (made ) Tj ET Q q 0 0 0 rg BT 389.30 679.85 Td (by ) Tj ET Q q 0 0 0 rg BT 400.63 679.85 Td (the ) Tj ET Q q 0 0 0 rg BT 414.17 679.85 Td (Securities ) Tj ET Q q 0 0 0 rg BT 454.93 679.85 Td (and ) Tj ET Q q 0 0 0 rg BT 470.70 679.85 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 511.45 679.85 Td (Commission ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.85 Td (\(SEC\), ) Tj ET Q q 0 0 0 rg BT 90.57 667.85 Td (all ) Tj ET Q q 0 0 0 rg BT 104.76 667.85 Td (as ) Tj ET Q q 0 0 0 rg BT 117.28 667.85 Td (may ) Tj ET Q q 0 0 0 rg BT 138.69 667.85 Td (be ) Tj ET Q q 0 0 0 rg BT 152.32 667.85 Td (amended ) Tj ET Q q 0 0 0 rg BT 192.61 667.85 Td (from ) Tj ET Q q 0 0 0 rg BT 216.24 667.85 Td (time ) Tj ET Q q 0 0 0 rg BT 238.20 667.85 Td (to ) Tj ET Q q 0 0 0 rg BT 250.17 667.85 Td (time. ) Tj ET Q q 0 0 0 rg BT 274.64 667.85 Td (Such ) Tj ET Q q 0 0 0 rg BT 298.83 667.85 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 368.56 667.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 414.96 667.85 Td (involve ) Tj ET Q q 0 0 0 rg BT 449.15 667.85 Td (known ) Tj ET Q q 0 0 0 rg BT 480.57 667.85 Td (and ) Tj ET Q q 0 0 0 rg BT 499.20 667.85 Td (unknown ) Tj ET Q q 0 0 0 rg BT 540.61 667.85 Td (risks, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.85 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 104.09 655.85 Td (and ) Tj ET Q q 0 0 0 rg BT 121.53 655.85 Td (other ) Tj ET Q q 0 0 0 rg BT 145.08 655.85 Td (important ) Tj ET Q q 0 0 0 rg BT 186.96 655.85 Td (factors ) Tj ET Q q 0 0 0 rg BT 217.17 655.85 Td (that ) Tj ET Q q 0 0 0 rg BT 235.17 655.85 Td (could ) Tj ET Q q 0 0 0 rg BT 260.39 655.85 Td (cause ) Tj ET Q q 0 0 0 rg BT 285.60 655.85 Td (the ) Tj ET Q q 0 0 0 rg BT 300.82 655.85 Td (actual ) Tj ET Q q 0 0 0 rg BT 327.69 655.85 Td (results, ) Tj ET Q q 0 0 0 rg BT 359.30 655.85 Td (performance ) Tj ET Q q 0 0 0 rg BT 412.83 655.85 Td (or ) Tj ET Q q 0 0 0 rg BT 424.16 655.85 Td (achievements ) Tj ET Q q 0 0 0 rg BT 481.58 655.85 Td (of ) Tj ET Q q 0 0 0 rg BT 492.91 655.85 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 529.24 655.85 Td (Holding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.85 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 101.98 643.85 Td (and ) Tj ET Q q 0 0 0 rg BT 120.07 643.85 Td (its ) Tj ET Q q 0 0 0 rg BT 133.17 643.85 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 184.04 643.85 Td (\(Covanta\) ) Tj ET Q q 0 0 0 rg BT 236.55 643.85 Td (or ) Tj ET Q q 0 0 0 rg BT 248.54 643.85 Td (industry ) Tj ET Q q 0 0 0 rg BT 284.97 643.85 Td (results, ) Tj ET Q q 0 0 0 rg BT 317.23 643.85 Td (to ) Tj ET Q q 0 0 0 rg BT 328.66 643.85 Td (dif) Tj ET Q q 0 0 0 rg BT 339.58 643.85 Td (fer ) Tj ET Q q 0 0 0 rg BT 354.34 643.85 Td (materially ) Tj ET Q q 0 0 0 rg BT 398.53 643.85 Td (from ) Tj ET Q q 0 0 0 rg BT 421.62 643.85 Td (any ) Tj ET Q q 0 0 0 rg BT 439.71 643.85 Td (future ) Tj ET Q q 0 0 0 rg BT 467.24 643.85 Td (results, ) Tj ET Q q 0 0 0 rg BT 499.50 643.85 Td (performance ) Tj ET Q q 0 0 0 rg BT 553.67 643.85 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.85 Td (achievements ) Tj ET Q q 0 0 0 rg BT 106.21 631.85 Td (expressed ) Tj ET Q q 0 0 0 rg BT 147.43 631.85 Td (or ) Tj ET Q q 0 0 0 rg BT 157.56 631.85 Td (implied ) Tj ET Q q 0 0 0 rg BT 189.90 631.85 Td (by ) Tj ET Q q 0 0 0 rg BT 201.70 631.85 Td (such ) Tj ET Q q 0 0 0 rg BT 221.82 631.85 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 289.15 631.85 Td (statements. ) Tj ET Q q 0 0 0 rg BT 335.66 631.85 Td (Statements ) Tj ET Q q 0 0 0 rg BT 381.33 631.85 Td (that ) Tj ET Q q 0 0 0 rg BT 398.12 631.85 Td (are ) Tj ET Q q 0 0 0 rg BT 412.12 631.85 Td (not ) Tj ET Q q 0 0 0 rg BT 426.69 631.85 Td (historical ) Tj ET Q q 0 0 0 rg BT 465.70 631.85 Td (fact ) Tj ET Q q 0 0 0 rg BT 482.48 631.85 Td (are ) Tj ET Q q 0 0 0 rg BT 496.48 631.85 Td (forward-looking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.85 Td (statements. ) Tj ET Q q 0 0 0 rg BT 97.49 619.85 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 168.04 619.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 213.03 619.85 Td (can ) Tj ET Q q 0 0 0 rg BT 229.68 619.85 Td (be ) Tj ET Q q 0 0 0 rg BT 241.90 619.85 Td (identified ) Tj ET Q q 0 0 0 rg BT 283.00 619.85 Td (by) Tj ET Q q 0 0 0 rg BT 292.35 619.85 Td (, ) Tj ET Q q 0 0 0 rg BT 297.63 619.85 Td (among ) Tj ET Q q 0 0 0 rg BT 327.62 619.85 Td (other ) Tj ET Q q 0 0 0 rg BT 350.95 619.85 Td (things, ) Tj ET Q q 0 0 0 rg BT 380.67 619.85 Td (the ) Tj ET Q q 0 0 0 rg BT 395.67 619.85 Td (use ) Tj ET Q q 0 0 0 rg BT 411.78 619.85 Td (of ) Tj ET Q q 0 0 0 rg BT 422.89 619.85 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 491.20 619.85 Td (language, ) Tj ET Q q 0 0 0 rg BT 532.57 619.85 Td (such ) Tj ET Q q 0 0 0 rg BT 553.68 619.85 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.85 Td (the ) Tj ET Q q 0 0 0 rg BT 64.96 607.85 Td (words ) Tj ET Q q 0 0 0 rg BT 92.15 607.85 Td (plan, ) Tj ET Q q 0 0 0 rg BT 123.49 607.85 Td (believe, ) Tj ET Q q 0 0 0 rg BT 166.48 607.85 Td (expect, ) Tj ET Q q 0 0 0 rg BT 206.69 607.85 Td (anticipate, ) Tj ET Q q 0 0 0 rg BT 259.68 607.85 Td (intend, ) Tj ET Q q 0 0 0 rg BT 298.80 607.85 Td (estimate, ) Tj ET Q q 0 0 0 rg BT 346.24 607.85 Td (project, ) Tj ET Q q 0 0 0 rg BT 388.13 607.85 Td (may) Tj ET Q q 0 0 0 rg BT 409.13 607.85 Td (, ) Tj ET Q q 0 0 0 rg BT 418.81 607.85 Td (will, ) Tj ET Q q 0 0 0 rg BT 448.49 607.85 Td (would, ) Tj ET Q q 0 0 0 rg BT 487.61 607.85 Td (could, ) Tj ET Q q 0 0 0 rg BT 523.95 607.85 Td (should, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.85 Td (seeks, ) Tj ET Q q 0 0 0 rg BT 85.32 595.85 Td (or ) Tj ET Q q 0 0 0 rg BT 95.94 595.85 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 142.65 595.85 Td (to, ) Tj ET Q q 0 0 0 rg BT 159.65 595.85 Td (or ) Tj ET Q q 0 0 0 rg BT 170.27 595.85 Td (other ) Tj ET Q q 0 0 0 rg BT 193.10 595.85 Td (similar ) Tj ET Q q 0 0 0 rg BT 223.16 595.85 Td (words, ) Tj ET Q q 0 0 0 rg BT 252.39 595.85 Td (or ) Tj ET Q q 0 0 0 rg BT 263.01 595.85 Td (the ) Tj ET Q q 0 0 0 rg BT 277.51 595.85 Td (negative ) Tj ET Q q 0 0 0 rg BT 313.67 595.85 Td (of ) Tj ET Q q 0 0 0 rg BT 324.29 595.85 Td (these ) Tj ET Q q 0 0 0 rg BT 347.12 595.85 Td (terms ) Tj ET Q q 0 0 0 rg BT 371.63 595.85 Td (or ) Tj ET Q q 0 0 0 rg BT 382.24 595.85 Td (other ) Tj ET Q q 0 0 0 rg BT 405.08 595.85 Td (variations ) Tj ET Q q 0 0 0 rg BT 446.80 595.85 Td (of ) Tj ET Q q 0 0 0 rg BT 457.41 595.85 Td (these ) Tj ET Q q 0 0 0 rg BT 480.25 595.85 Td (terms ) Tj ET Q q 0 0 0 rg BT 504.75 595.85 Td (or ) Tj ET Q q 0 0 0 rg BT 515.37 595.85 Td (comparable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.85 Td (language, ) Tj ET Q q 0 0 0 rg BT 91.30 583.85 Td (or ) Tj ET Q q 0 0 0 rg BT 102.34 583.85 Td (by ) Tj ET Q q 0 0 0 rg BT 115.05 583.85 Td (discussion ) Tj ET Q q 0 0 0 rg BT 159.43 583.85 Td (of ) Tj ET Q q 0 0 0 rg BT 170.47 583.85 Td (strategy ) Tj ET Q q 0 0 0 rg BT 204.84 583.85 Td (or ) Tj ET Q q 0 0 0 rg BT 215.88 583.85 Td (intentions. ) Tj ET Q q 0 0 0 rg BT 260.34 583.85 Td (These ) Tj ET Q q 0 0 0 rg BT 286.92 583.85 Td (cautionary ) Tj ET Q q 0 0 0 rg BT 331.84 583.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 376.76 583.85 Td (are ) Tj ET Q q 0 0 0 rg BT 391.67 583.85 Td (being ) Tj ET Q q 0 0 0 rg BT 416.60 583.85 Td (made ) Tj ET Q q 0 0 0 rg BT 440.97 583.85 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 478.11 583.85 Td (to ) Tj ET Q q 0 0 0 rg BT 488.60 583.85 Td (the ) Tj ET Q q 0 0 0 rg BT 503.53 583.85 Td (Securities ) Tj ET Q q 0 0 0 rg BT 545.08 583.85 Td (Act, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.85 Td (the ) Tj ET Q q 0 0 0 rg BT 64.10 571.85 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 104.99 571.85 Td (Act ) Tj ET Q q 0 0 0 rg BT 121.30 571.85 Td (and ) Tj ET Q q 0 0 0 rg BT 137.62 571.85 Td (the ) Tj ET Q q 0 0 0 rg BT 151.72 571.85 Td (PSLRA) Tj ET Q q 0 0 0 rg BT 182.29 571.85 Td ( ) Tj ET Q q 0 0 0 rg BT 184.17 571.85 Td (with ) Tj ET Q q 0 0 0 rg BT 203.83 571.85 Td (the ) Tj ET Q q 0 0 0 rg BT 217.92 571.85 Td (intention ) Tj ET Q q 0 0 0 rg BT 255.36 571.85 Td (of ) Tj ET Q q 0 0 0 rg BT 265.57 571.85 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 305.22 571.85 Td (the ) Tj ET Q q 0 0 0 rg BT 319.32 571.85 Td (benefits ) Tj ET Q q 0 0 0 rg BT 352.85 571.85 Td (of ) Tj ET Q q 0 0 0 rg BT 363.06 571.85 Td (the ) Tj ET Q q 0 0 0 rg BT 377.16 571.85 Td (safe ) Tj ET Q q 0 0 0 rg BT 399.58 571.85 Td (harbor ) Tj ET Q q 0 0 0 rg BT 431.99 571.85 Td (provisions ) Tj ET Q q 0 0 0 rg BT 475.54 571.85 Td (of ) Tj ET Q q 0 0 0 rg BT 485.75 571.85 Td (such ) Tj ET Q q 0 0 0 rg BT 505.96 571.85 Td (laws. ) Tj ET Q q 0 0 0 rg BT 528.67 571.85 Td (Covanta ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.85 Td (cautions ) Tj ET Q q 0 0 0 rg BT 84.78 559.85 Td (investors ) Tj ET Q q 0 0 0 rg BT 122.34 559.85 Td (that ) Tj ET Q q 0 0 0 rg BT 138.78 559.85 Td (any ) Tj ET Q q 0 0 0 rg BT 154.67 559.85 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 221.66 559.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 265.33 559.85 Td (made ) Tj ET Q q 0 0 0 rg BT 288.43 559.85 Td (by ) Tj ET Q q 0 0 0 rg BT 299.88 559.85 Td (us ) Tj ET Q q 0 0 0 rg BT 310.23 559.85 Td (are ) Tj ET Q q 0 0 0 rg BT 323.89 559.85 Td (not ) Tj ET Q q 0 0 0 rg BT 338.12 559.85 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 382.32 559.85 Td (or ) Tj ET Q q 0 0 0 rg BT 392.10 559.85 Td (indicative ) Tj ET Q q 0 0 0 rg BT 432.98 559.85 Td (of ) Tj ET Q q 0 0 0 rg BT 442.77 559.85 Td (future ) Tj ET Q q 0 0 0 rg BT 468.09 559.85 Td (performance. ) Tj ET Q q 0 0 0 rg BT 522.57 559.85 Td (Important ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.85 Td (factors, ) Tj ET Q q 0 0 0 rg BT 82.08 547.85 Td (risks ) Tj ET Q q 0 0 0 rg BT 103.34 547.85 Td (and ) Tj ET Q q 0 0 0 rg BT 120.15 547.85 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 173.60 547.85 Td (that ) Tj ET Q q 0 0 0 rg BT 190.97 547.85 Td (could ) Tj ET Q q 0 0 0 rg BT 215.56 547.85 Td (cause ) Tj ET Q q 0 0 0 rg BT 240.13 547.85 Td (actual ) Tj ET Q q 0 0 0 rg BT 266.37 547.85 Td (results ) Tj ET Q q 0 0 0 rg BT 294.85 547.85 Td (to ) Tj ET Q q 0 0 0 rg BT 305.00 547.85 Td (dif) Tj ET Q q 0 0 0 rg BT 315.93 547.85 Td (fer ) Tj ET Q q 0 0 0 rg BT 329.40 547.85 Td (materially ) Tj ET Q q 0 0 0 rg BT 372.30 547.85 Td (from ) Tj ET Q q 0 0 0 rg BT 394.11 547.85 Td (those ) Tj ET Q q 0 0 0 rg BT 417.59 547.85 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 485.50 547.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 530.08 547.85 Td (include, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.85 Td (but ) Tj ET Q q 0 0 0 rg BT 65.28 535.85 Td (are ) Tj ET Q q 0 0 0 rg BT 79.99 535.85 Td (not ) Tj ET Q q 0 0 0 rg BT 95.26 535.85 Td (limited ) Tj ET Q q 0 0 0 rg BT 126.09 535.85 Td (to: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 517.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 517.85 Td (seasonal ) Tj ET Q q 0 0 0 rg BT 113.38 517.85 Td (or ) Tj ET Q q 0 0 0 rg BT 124.21 517.85 Td (long-term ) Tj ET Q q 0 0 0 rg BT 166.14 517.85 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 215.85 517.85 Td (in ) Tj ET Q q 0 0 0 rg BT 226.13 517.85 Td (the ) Tj ET Q q 0 0 0 rg BT 240.85 517.85 Td (prices ) Tj ET Q q 0 0 0 rg BT 267.22 517.85 Td (of ) Tj ET Q q 0 0 0 rg BT 278.05 517.85 Td (ener) Tj ET Q q 0 0 0 rg BT 295.08 517.85 Td (gy) Tj ET Q q 0 0 0 rg BT 304.43 517.85 Td (, ) Tj ET Q q 0 0 0 rg BT 309.43 517.85 Td (waste ) Tj ET Q q 0 0 0 rg BT 334.70 517.85 Td (disposal, ) Tj ET Q q 0 0 0 rg BT 372.48 517.85 Td (scrap ) Tj ET Q q 0 0 0 rg BT 396.08 517.85 Td (metal ) Tj ET Q q 0 0 0 rg BT 420.79 517.85 Td (and ) Tj ET Q q 0 0 0 rg BT 437.73 517.85 Td (commodities; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 505.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 505.85 Td (our ) Tj ET Q q 0 0 0 rg BT 92.83 505.85 Td (ability ) Tj ET Q q 0 0 0 rg BT 120.88 505.85 Td (to ) Tj ET Q q 0 0 0 rg BT 131.16 505.85 Td (renew ) Tj ET Q q 0 0 0 rg BT 158.09 505.85 Td (or ) Tj ET Q q 0 0 0 rg BT 168.92 505.85 Td (replace ) Tj ET Q q 0 0 0 rg BT 200.28 505.85 Td (expiring ) Tj ET Q q 0 0 0 rg BT 236.11 505.85 Td (contracts ) Tj ET Q q 0 0 0 rg BT 274.70 505.85 Td (at ) Tj ET Q q 0 0 0 rg BT 284.42 505.85 Td (comparable ) Tj ET Q q 0 0 0 rg BT 333.56 505.85 Td (prices ) Tj ET Q q 0 0 0 rg BT 359.93 505.85 Td (and ) Tj ET Q q 0 0 0 rg BT 376.87 505.85 Td (with ) Tj ET Q q 0 0 0 rg BT 397.15 505.85 Td (other ) Tj ET Q q 0 0 0 rg BT 420.20 505.85 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 464.89 505.85 Td (terms;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 493.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 493.85 Td (adoption ) Tj ET Q q 0 0 0 rg BT 113.96 493.85 Td (of ) Tj ET Q q 0 0 0 rg BT 124.25 493.85 Td (new ) Tj ET Q q 0 0 0 rg BT 142.87 493.85 Td (laws ) Tj ET Q q 0 0 0 rg BT 163.16 493.85 Td (and ) Tj ET Q q 0 0 0 rg BT 179.56 493.85 Td (regulations ) Tj ET Q q 0 0 0 rg BT 225.96 493.85 Td (in ) Tj ET Q q 0 0 0 rg BT 235.70 493.85 Td (the ) Tj ET Q q 0 0 0 rg BT 249.88 493.85 Td (United ) Tj ET Q q 0 0 0 rg BT 279.06 493.85 Td (States ) Tj ET Q q 0 0 0 rg BT 304.91 493.85 Td (and ) Tj ET Q q 0 0 0 rg BT 321.31 493.85 Td (abroad, ) Tj ET Q q 0 0 0 rg BT 352.97 493.85 Td (including ) Tj ET Q q 0 0 0 rg BT 392.71 493.85 Td (ener) Tj ET Q q 0 0 0 rg BT 409.74 493.85 Td (gy ) Tj ET Q q 0 0 0 rg BT 421.70 493.85 Td (laws, ) Tj ET Q q 0 0 0 rg BT 444.49 493.85 Td (environmental ) Tj ET Q q 0 0 0 rg BT 504.21 493.85 Td (laws, ) Tj ET Q q 0 0 0 rg BT 527.00 493.85 Td (tax ) Tj ET Q q 0 0 0 rg BT 541.18 493.85 Td (laws, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 481.85 Td (labor ) Tj ET Q q 0 0 0 rg BT 100.05 481.85 Td (laws ) Tj ET Q q 0 0 0 rg BT 120.88 481.85 Td (and ) Tj ET Q q 0 0 0 rg BT 137.82 481.85 Td (healthcare ) Tj ET Q q 0 0 0 rg BT 181.39 481.85 Td (laws;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 469.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 469.85 Td (failure ) Tj ET Q q 0 0 0 rg BT 105.62 469.85 Td (to ) Tj ET Q q 0 0 0 rg BT 115.92 469.85 Td (maintain ) Tj ET Q q 0 0 0 rg BT 153.44 469.85 Td (historical ) Tj ET Q q 0 0 0 rg BT 193.17 469.85 Td (performance ) Tj ET Q q 0 0 0 rg BT 246.22 469.85 Td (levels ) Tj ET Q q 0 0 0 rg BT 272.07 469.85 Td (at ) Tj ET Q q 0 0 0 rg BT 281.81 469.85 Td (our ) Tj ET Q q 0 0 0 rg BT 297.66 469.85 Td (facilities ) Tj ET Q q 0 0 0 rg BT 334.62 469.85 Td (and ) Tj ET Q q 0 0 0 rg BT 351.58 469.85 Td (our ) Tj ET Q q 0 0 0 rg BT 367.43 469.85 Td (ability ) Tj ET Q q 0 0 0 rg BT 395.51 469.85 Td (to ) Tj ET Q q 0 0 0 rg BT 405.81 469.85 Td (retain ) Tj ET Q q 0 0 0 rg BT 431.10 469.85 Td (the ) Tj ET Q q 0 0 0 rg BT 445.84 469.85 Td (rights ) Tj ET Q q 0 0 0 rg BT 471.15 469.85 Td (to ) Tj ET Q q 0 0 0 rg BT 481.45 469.85 Td (operate ) Tj ET Q q 0 0 0 rg BT 513.40 469.85 Td (facilities ) Tj ET Q q 0 0 0 rg BT 550.35 469.85 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 457.85 Td (do ) Tj ET Q q 0 0 0 rg BT 89.50 457.85 Td (not ) Tj ET Q q 0 0 0 rg BT 104.78 457.85 Td (own;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 445.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 445.85 Td (our ) Tj ET Q q 0 0 0 rg BT 92.83 445.85 Td (ability ) Tj ET Q q 0 0 0 rg BT 120.88 445.85 Td (to ) Tj ET Q q 0 0 0 rg BT 131.16 445.85 Td (avoid ) Tj ET Q q 0 0 0 rg BT 155.88 445.85 Td (adverse ) Tj ET Q q 0 0 0 rg BT 188.91 445.85 Td (publicity ) Tj ET Q q 0 0 0 rg BT 226.97 445.85 Td (or ) Tj ET Q q 0 0 0 rg BT 237.80 445.85 Td (reputational ) Tj ET Q q 0 0 0 rg BT 288.05 445.85 Td (damage ) Tj ET Q q 0 0 0 rg BT 321.65 445.85 Td (relating ) Tj ET Q q 0 0 0 rg BT 354.69 445.85 Td (to ) Tj ET Q q 0 0 0 rg BT 364.97 445.85 Td (our ) Tj ET Q q 0 0 0 rg BT 380.80 445.85 Td (business;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 433.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 433.85 Td (advances ) Tj ET Q q 0 0 0 rg BT 116.15 433.85 Td (in ) Tj ET Q q 0 0 0 rg BT 126.42 433.85 Td (technology;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 421.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 421.85 Td (dif) Tj ET Q q 0 0 0 rg BT 87.93 421.85 Td (ficulties ) Tj ET Q q 0 0 0 rg BT 123.82 421.85 Td (in ) Tj ET Q q 0 0 0 rg BT 135.27 421.85 Td (the ) Tj ET Q q 0 0 0 rg BT 151.17 421.85 Td (operation ) Tj ET Q q 0 0 0 rg BT 192.61 421.85 Td (of ) Tj ET Q q 0 0 0 rg BT 204.61 421.85 Td (our ) Tj ET Q q 0 0 0 rg BT 221.62 421.85 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 262.22 421.85 Td (including ) Tj ET Q q 0 0 0 rg BT 303.67 421.85 Td (fuel ) Tj ET Q q 0 0 0 rg BT 322.90 421.85 Td (supply ) Tj ET Q q 0 0 0 rg BT 353.25 421.85 Td (and ) Tj ET Q q 0 0 0 rg BT 371.36 421.85 Td (ener) Tj ET Q q 0 0 0 rg BT 388.39 421.85 Td (gy ) Tj ET Q q 0 0 0 rg BT 402.06 421.85 Td (delivery ) Tj ET Q q 0 0 0 rg BT 438.50 421.85 Td (interruptions, ) Tj ET Q q 0 0 0 rg BT 495.78 421.85 Td (failure ) Tj ET Q q 0 0 0 rg BT 525.55 421.85 Td (to ) Tj ET Q q 0 0 0 rg BT 537.01 421.85 Td (obtain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 409.85 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 121.25 409.85 Td (approvals, ) Tj ET Q q 0 0 0 rg BT 165.78 409.85 Td (equipment ) Tj ET Q q 0 0 0 rg BT 211.15 409.85 Td (failures, ) Tj ET Q q 0 0 0 rg BT 246.79 409.85 Td (labor ) Tj ET Q q 0 0 0 rg BT 270.49 409.85 Td (disputes ) Tj ET Q q 0 0 0 rg BT 306.42 409.85 Td (and ) Tj ET Q q 0 0 0 rg BT 324.01 409.85 Td (work ) Tj ET Q q 0 0 0 rg BT 347.72 409.85 Td (stoppages, ) Tj ET Q q 0 0 0 rg BT 392.81 409.85 Td (and ) Tj ET Q q 0 0 0 rg BT 410.40 409.85 Td (weather ) Tj ET Q q 0 0 0 rg BT 445.20 409.85 Td (interference ) Tj ET Q q 0 0 0 rg BT 496.10 409.85 Td (and ) Tj ET Q q 0 0 0 rg BT 513.69 409.85 Td (catastrophic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 397.85 Td (events;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 385.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 385.85 Td (dif) Tj ET Q q 0 0 0 rg BT 87.93 385.85 Td (ficulties ) Tj ET Q q 0 0 0 rg BT 121.79 385.85 Td (in ) Tj ET Q q 0 0 0 rg BT 131.22 385.85 Td (the ) Tj ET Q q 0 0 0 rg BT 145.09 385.85 Td (financing, ) Tj ET Q q 0 0 0 rg BT 187.00 385.85 Td (development ) Tj ET Q q 0 0 0 rg BT 240.30 385.85 Td (and ) Tj ET Q q 0 0 0 rg BT 256.39 385.85 Td (construction ) Tj ET Q q 0 0 0 rg BT 307.47 385.85 Td (of ) Tj ET Q q 0 0 0 rg BT 317.45 385.85 Td (new ) Tj ET Q q 0 0 0 rg BT 335.76 385.85 Td (projects ) Tj ET Q q 0 0 0 rg BT 369.07 385.85 Td (and ) Tj ET Q q 0 0 0 rg BT 385.16 385.85 Td (expansions, ) Tj ET Q q 0 0 0 rg BT 433.75 385.85 Td (including ) Tj ET Q q 0 0 0 rg BT 473.17 385.85 Td (increased ) Tj ET Q q 0 0 0 rg BT 512.58 385.85 Td (construction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 373.85 Td (costs ) Tj ET Q q 0 0 0 rg BT 99.50 373.85 Td (and ) Tj ET Q q 0 0 0 rg BT 116.44 373.85 Td (delays;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 361.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 361.85 Td (limits ) Tj ET Q q 0 0 0 rg BT 102.28 361.85 Td (of ) Tj ET Q q 0 0 0 rg BT 113.11 361.85 Td (insurance ) Tj ET Q q 0 0 0 rg BT 153.93 361.85 Td (coverage;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 349.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 349.85 Td (our ) Tj ET Q q 0 0 0 rg BT 92.83 349.85 Td (ability ) Tj ET Q q 0 0 0 rg BT 120.88 349.85 Td (to ) Tj ET Q q 0 0 0 rg BT 131.16 349.85 Td (avoid ) Tj ET Q q 0 0 0 rg BT 155.88 349.85 Td (defaults ) Tj ET Q q 0 0 0 rg BT 190.03 349.85 Td (under ) Tj ET Q q 0 0 0 rg BT 215.30 349.85 Td (our ) Tj ET Q q 0 0 0 rg BT 231.13 349.85 Td (long-term ) Tj ET Q q 0 0 0 rg BT 273.06 349.85 Td (contracts;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 337.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 337.85 Td (performance ) Tj ET Q q 0 0 0 rg BT 130.02 337.85 Td (of ) Tj ET Q q 0 0 0 rg BT 140.85 337.85 Td (third ) Tj ET Q q 0 0 0 rg BT 162.24 337.85 Td (parties ) Tj ET Q q 0 0 0 rg BT 191.39 337.85 Td (under ) Tj ET Q q 0 0 0 rg BT 216.66 337.85 Td (our ) Tj ET Q q 0 0 0 rg BT 232.49 337.85 Td (contracts ) Tj ET Q q 0 0 0 rg BT 271.09 337.85 Td (and ) Tj ET Q q 0 0 0 rg BT 288.03 337.85 Td (such ) Tj ET Q q 0 0 0 rg BT 308.86 337.85 Td (third ) Tj ET Q q 0 0 0 rg BT 330.24 337.85 Td (parties' ) Tj ET Q q 0 0 0 rg BT 361.20 337.85 Td (observance ) Tj ET Q q 0 0 0 rg BT 408.67 337.85 Td (of ) Tj ET Q q 0 0 0 rg BT 419.50 337.85 Td (laws ) Tj ET Q q 0 0 0 rg BT 440.33 337.85 Td (and ) Tj ET Q q 0 0 0 rg BT 457.27 337.85 Td (regulations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 325.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 325.85 Td (concentration ) Tj ET Q q 0 0 0 rg BT 133.92 325.85 Td (of ) Tj ET Q q 0 0 0 rg BT 144.75 325.85 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 183.36 325.85 Td (and ) Tj ET Q q 0 0 0 rg BT 200.30 325.85 Td (customers;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 313.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 313.85 Td (geographic ) Tj ET Q q 0 0 0 rg BT 123.92 313.85 Td (concentration ) Tj ET Q q 0 0 0 rg BT 180.84 313.85 Td (of ) Tj ET Q q 0 0 0 rg BT 191.67 313.85 Td (facilities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 301.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 301.85 Td (increased ) Tj ET Q q 0 0 0 rg BT 117.25 301.85 Td (competitiveness ) Tj ET Q q 0 0 0 rg BT 184.18 301.85 Td (in ) Tj ET Q q 0 0 0 rg BT 194.46 301.85 Td (the ) Tj ET Q q 0 0 0 rg BT 209.18 301.85 Td (ener) Tj ET Q q 0 0 0 rg BT 226.20 301.85 Td (gy ) Tj ET Q q 0 0 0 rg BT 238.70 301.85 Td (and ) Tj ET Q q 0 0 0 rg BT 255.64 301.85 Td (waste ) Tj ET Q q 0 0 0 rg BT 280.91 301.85 Td (industries;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 289.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 289.85 Td (changes ) Tj ET Q q 0 0 0 rg BT 111.71 289.85 Td (in ) Tj ET Q q 0 0 0 rg BT 121.99 289.85 Td (foreign ) Tj ET Q q 0 0 0 rg BT 153.36 289.85 Td (currency ) Tj ET Q q 0 0 0 rg BT 190.84 289.85 Td (exchange ) Tj ET Q q 0 0 0 rg BT 231.09 289.85 Td (rates;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 277.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 277.85 Td (limitations ) Tj ET Q q 0 0 0 rg BT 122.53 277.85 Td (imposed ) Tj ET Q q 0 0 0 rg BT 159.17 277.85 Td (by ) Tj ET Q q 0 0 0 rg BT 171.92 277.85 Td (our ) Tj ET Q q 0 0 0 rg BT 188.00 277.85 Td (existing ) Tj ET Q q 0 0 0 rg BT 222.41 277.85 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 276.82 277.85 Td (and ) Tj ET Q q 0 0 0 rg BT 294.01 277.85 Td (our ) Tj ET Q q 0 0 0 rg BT 310.09 277.85 Td (ability ) Tj ET Q q 0 0 0 rg BT 338.39 277.85 Td (to ) Tj ET Q q 0 0 0 rg BT 348.92 277.85 Td (perform ) Tj ET Q q 0 0 0 rg BT 383.88 277.85 Td (our ) Tj ET Q q 0 0 0 rg BT 399.96 277.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 437.69 277.85 Td (obligations ) Tj ET Q q 0 0 0 rg BT 484.88 277.85 Td (and ) Tj ET Q q 0 0 0 rg BT 502.07 277.85 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 547.58 277.85 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 265.85 Td (to ) Tj ET Q q 0 0 0 rg BT 87.28 265.85 Td (refinance ) Tj ET Q q 0 0 0 rg BT 126.97 265.85 Td (our ) Tj ET Q q 0 0 0 rg BT 142.80 265.85 Td (existing ) Tj ET Q q 0 0 0 rg BT 176.97 265.85 Td (indebtedness;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 253.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 253.85 Td (exposure ) Tj ET Q q 0 0 0 rg BT 115.60 253.85 Td (to ) Tj ET Q q 0 0 0 rg BT 125.88 253.85 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 178.91 253.85 Td (credit ) Tj ET Q q 0 0 0 rg BT 204.17 253.85 Td (risk ) Tj ET Q q 0 0 0 rg BT 221.67 253.85 Td (and ) Tj ET Q q 0 0 0 rg BT 238.61 253.85 Td (instability ) Tj ET Q q 0 0 0 rg BT 281.11 253.85 Td (of ) Tj ET Q q 0 0 0 rg BT 291.94 253.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 329.42 253.85 Td (institutions ) Tj ET Q q 0 0 0 rg BT 376.38 253.85 Td (in ) Tj ET Q q 0 0 0 rg BT 386.65 253.85 Td (connection ) Tj ET Q q 0 0 0 rg BT 433.03 253.85 Td (with ) Tj ET Q q 0 0 0 rg BT 453.30 253.85 Td (financing ) Tj ET Q q 0 0 0 rg BT 493.57 253.85 Td (transactions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 241.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 241.85 Td (the ) Tj ET Q q 0 0 0 rg BT 91.72 241.85 Td (scalability ) Tj ET Q q 0 0 0 rg BT 135.32 241.85 Td (of ) Tj ET Q q 0 0 0 rg BT 146.15 241.85 Td (our ) Tj ET Q q 0 0 0 rg BT 161.98 241.85 Td (business; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 229.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 229.85 Td (our ) Tj ET Q q 0 0 0 rg BT 92.83 229.85 Td (ability ) Tj ET Q q 0 0 0 rg BT 120.88 229.85 Td (to ) Tj ET Q q 0 0 0 rg BT 131.16 229.85 Td (attract ) Tj ET Q q 0 0 0 rg BT 158.64 229.85 Td (and ) Tj ET Q q 0 0 0 rg BT 175.58 229.85 Td (retain ) Tj ET Q q 0 0 0 rg BT 200.84 229.85 Td (talented ) Tj ET Q q 0 0 0 rg BT 234.99 229.85 Td (people;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 217.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 217.85 Td (failures ) Tj ET Q q 0 0 0 rg BT 109.49 217.85 Td (of ) Tj ET Q q 0 0 0 rg BT 120.32 217.85 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 163.36 217.85 Td (controls ) Tj ET Q q 0 0 0 rg BT 198.08 217.85 Td (and ) Tj ET Q q 0 0 0 rg BT 215.02 217.85 Td (procedures ) Tj ET Q q 0 0 0 rg BT 261.38 217.85 Td (and ) Tj ET Q q 0 0 0 rg BT 278.32 217.85 Td (internal ) Tj ET Q q 0 0 0 rg BT 311.37 217.85 Td (controls ) Tj ET Q q 0 0 0 rg BT 346.08 217.85 Td (over ) Tj ET Q q 0 0 0 rg BT 366.35 217.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 403.83 217.85 Td (reporting;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 205.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 205.85 Td (our ) Tj ET Q q 0 0 0 rg BT 92.83 205.85 Td (ability ) Tj ET Q q 0 0 0 rg BT 120.88 205.85 Td (to ) Tj ET Q q 0 0 0 rg BT 131.16 205.85 Td (utilize ) Tj ET Q q 0 0 0 rg BT 158.65 205.85 Td (net ) Tj ET Q q 0 0 0 rg BT 173.37 205.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 213.63 205.85 Td (loss ) Tj ET Q q 0 0 0 rg BT 231.69 205.85 Td (carryforwards;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 193.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 193.85 Td (general ) Tj ET Q q 0 0 0 rg BT 108.92 193.85 Td (economic ) Tj ET Q q 0 0 0 rg BT 150.30 193.85 Td (conditions ) Tj ET Q q 0 0 0 rg BT 194.46 193.85 Td (in ) Tj ET Q q 0 0 0 rg BT 204.74 193.85 Td (the ) Tj ET Q q 0 0 0 rg BT 219.46 193.85 Td (United ) Tj ET Q q 0 0 0 rg BT 249.17 193.85 Td (States ) Tj ET Q q 0 0 0 rg BT 275.56 193.85 Td (and ) Tj ET Q q 0 0 0 rg BT 292.50 193.85 Td (abroad, ) Tj ET Q q 0 0 0 rg BT 324.71 193.85 Td (including ) Tj ET Q q 0 0 0 rg BT 364.98 193.85 Td (the ) Tj ET Q q 0 0 0 rg BT 379.70 193.85 Td (availability ) Tj ET Q q 0 0 0 rg BT 427.18 193.85 Td (of ) Tj ET Q q 0 0 0 rg BT 438.01 193.85 Td (credit ) Tj ET Q q 0 0 0 rg BT 463.27 193.85 Td (and ) Tj ET Q q 0 0 0 rg BT 480.21 193.85 Td (debt ) Tj ET Q q 0 0 0 rg BT 499.93 193.85 Td (financing; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 181.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 181.85 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 123.93 181.85 Td (in ) Tj ET Q q 0 0 0 rg BT 134.21 181.85 Td (our ) Tj ET Q q 0 0 0 rg BT 150.04 181.85 Td (certificate ) Tj ET Q q 0 0 0 rg BT 192.51 181.85 Td (of ) Tj ET Q q 0 0 0 rg BT 203.34 181.85 Td (incorporation ) Tj ET Q q 0 0 0 rg BT 259.71 181.85 Td (and ) Tj ET Q q 0 0 0 rg BT 276.65 181.85 Td (debt ) Tj ET Q q 0 0 0 rg BT 296.37 181.85 Td (documents ) Tj ET Q q 0 0 0 rg BT 342.19 181.85 Td (regarding ) Tj ET Q q 0 0 0 rg BT 383.01 181.85 Td (strategic ) Tj ET Q q 0 0 0 rg BT 419.38 181.85 Td (alternatives; ) Tj ET Q q 0 0 0 rg BT 470.75 181.85 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 169.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 169.85 Td (other ) Tj ET Q q 0 0 0 rg BT 99.62 169.85 Td (risks ) Tj ET Q q 0 0 0 rg BT 120.58 169.85 Td (and ) Tj ET Q q 0 0 0 rg BT 137.09 169.85 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 190.25 169.85 Td (af) Tj ET Q q 0 0 0 rg BT 197.84 169.85 Td (fecting ) Tj ET Q q 0 0 0 rg BT 227.68 169.85 Td (our ) Tj ET Q q 0 0 0 rg BT 243.08 169.85 Td (businesses ) Tj ET Q q 0 0 0 rg BT 287.37 169.85 Td (described ) Tj ET Q q 0 0 0 rg BT 327.76 169.85 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 337.61 169.85 Td (Item ) Tj ET Q q 0 0 0 rg BT 357.45 169.85 Td (1A. ) Tj ET Q q 0 0 0 rg BT 373.13 169.85 Td (Risk ) Tj ET Q q 0 0 0 rg BT 392.42 169.85 Td (Factors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.53 169.85 Td ( ) Tj ET Q q 0 0 0 rg BT 425.60 169.85 Td (of ) Tj ET Q q 0 0 0 rg BT 436.00 169.85 Td (this ) Tj ET Q q 0 0 0 rg BT 452.06 169.85 Td (Annual ) Tj ET Q q 0 0 0 rg BT 483.57 169.85 Td (Report ) Tj ET Q q 0 0 0 rg BT 512.86 169.85 Td (on ) Tj ET Q q 0 0 0 rg BT 524.93 169.85 Td (Form ) Tj ET Q q 0 0 0 rg BT 548.67 169.85 Td (10-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 157.85 Td (K ) Tj ET Q q 0 0 0 rg BT 86.72 157.85 Td (and ) Tj ET Q q 0 0 0 rg BT 103.66 157.85 Td (in ) Tj ET Q q 0 0 0 rg BT 113.94 157.85 Td (other ) Tj ET Q q 0 0 0 rg BT 136.99 157.85 Td (filings ) Tj ET Q q 0 0 0 rg BT 165.04 157.85 Td (by ) Tj ET Q q 0 0 0 rg BT 177.54 157.85 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 213.37 157.85 Td (with ) Tj ET Q q 0 0 0 rg BT 233.65 157.85 Td (the ) Tj ET Q q 0 0 0 rg BT 248.36 157.85 Td (SEC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 139.85 Td (Although ) Tj ET Q q 0 0 0 rg BT 99.42 139.85 Td (we ) Tj ET Q q 0 0 0 rg BT 113.73 139.85 Td (believe ) Tj ET Q q 0 0 0 rg BT 145.24 139.85 Td (that ) Tj ET Q q 0 0 0 rg BT 162.88 139.85 Td (our ) Tj ET Q q 0 0 0 rg BT 178.86 139.85 Td (plans, ) Tj ET Q q 0 0 0 rg BT 205.11 139.85 Td (intentions ) Tj ET Q q 0 0 0 rg BT 247.20 139.85 Td (and ) Tj ET Q q 0 0 0 rg BT 264.28 139.85 Td (expectations ) Tj ET Q q 0 0 0 rg BT 316.90 139.85 Td (reflected ) Tj ET Q q 0 0 0 rg BT 354.52 139.85 Td (in ) Tj ET Q q 0 0 0 rg BT 364.94 139.85 Td (or ) Tj ET Q q 0 0 0 rg BT 375.91 139.85 Td (suggested ) Tj ET Q q 0 0 0 rg BT 418.00 139.85 Td (by ) Tj ET Q q 0 0 0 rg BT 430.64 139.85 Td (such ) Tj ET Q q 0 0 0 rg BT 451.61 139.85 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 519.80 139.85 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.85 Td (are ) Tj ET Q q 0 0 0 rg BT 64.99 127.85 Td (reasonable, ) Tj ET Q q 0 0 0 rg BT 113.03 127.85 Td (actual ) Tj ET Q q 0 0 0 rg BT 139.69 127.85 Td (results ) Tj ET Q q 0 0 0 rg BT 168.58 127.85 Td (could ) Tj ET Q q 0 0 0 rg BT 193.59 127.85 Td (dif) Tj ET Q q 0 0 0 rg BT 204.51 127.85 Td (fer ) Tj ET Q q 0 0 0 rg BT 218.40 127.85 Td (materially ) Tj ET Q q 0 0 0 rg BT 261.72 127.85 Td (from ) Tj ET Q q 0 0 0 rg BT 283.95 127.85 Td (a ) Tj ET Q q 0 0 0 rg BT 291.17 127.85 Td (projection ) Tj ET Q q 0 0 0 rg BT 334.50 127.85 Td (or ) Tj ET Q q 0 0 0 rg BT 345.61 127.85 Td (assumption ) Tj ET Q q 0 0 0 rg BT 393.96 127.85 Td (in ) Tj ET Q q 0 0 0 rg BT 404.52 127.85 Td (any ) Tj ET Q q 0 0 0 rg BT 421.74 127.85 Td (of ) Tj ET Q q 0 0 0 rg BT 432.86 127.85 Td (our ) Tj ET Q q 0 0 0 rg BT 448.97 127.85 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 517.30 127.85 Td (statements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.85 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.73 115.85 Td (future ) Tj ET Q q 0 0 0 rg BT 95.78 115.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 133.94 115.85 Td (condition ) Tj ET Q q 0 0 0 rg BT 174.88 115.85 Td (and ) Tj ET Q q 0 0 0 rg BT 192.50 115.85 Td (results ) Tj ET Q q 0 0 0 rg BT 221.78 115.85 Td (of ) Tj ET Q q 0 0 0 rg BT 233.29 115.85 Td (operations, ) Tj ET Q q 0 0 0 rg BT 280.62 115.85 Td (as ) Tj ET Q q 0 0 0 rg BT 292.12 115.85 Td (well ) Tj ET Q q 0 0 0 rg BT 312.51 115.85 Td (as ) Tj ET Q q 0 0 0 rg BT 324.02 115.85 Td (any ) Tj ET Q q 0 0 0 rg BT 341.63 115.85 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 410.35 115.85 Td (statements, ) Tj ET Q q 0 0 0 rg BT 458.23 115.85 Td (are ) Tj ET Q q 0 0 0 rg BT 473.62 115.85 Td (subject ) Tj ET Q q 0 0 0 rg BT 505.12 115.85 Td (to ) Tj ET Q q 0 0 0 rg BT 516.07 115.85 Td (change ) Tj ET Q q 0 0 0 rg BT 547.56 115.85 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.85 Td (inherent ) Tj ET Q q 0 0 0 rg BT 84.97 103.85 Td (risks ) Tj ET Q q 0 0 0 rg BT 106.07 103.85 Td (and ) Tj ET Q q 0 0 0 rg BT 122.71 103.85 Td (uncertainties. ) Tj ET Q q 0 0 0 rg BT 178.35 103.85 Td (The ) Tj ET Q q 0 0 0 rg BT 196.10 103.85 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 263.85 103.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 308.27 103.85 Td (contained ) Tj ET Q q 0 0 0 rg BT 349.35 103.85 Td (in ) Tj ET Q q 0 0 0 rg BT 359.33 103.85 Td (this ) Tj ET Q q 0 0 0 rg BT 375.50 103.85 Td (Annual ) Tj ET Q q 0 0 0 rg BT 407.15 103.85 Td (Report ) Tj ET Q q 0 0 0 rg BT 436.57 103.85 Td (on ) Tj ET Q q 0 0 0 rg BT 448.78 103.85 Td (Form ) Tj ET Q q 0 0 0 rg BT 472.65 103.85 Td (10-K ) Tj ET Q q 0 0 0 rg BT 495.41 103.85 Td (are ) Tj ET Q q 0 0 0 rg BT 509.83 103.85 Td (made ) Tj ET Q q 0 0 0 rg BT 533.69 103.85 Td (only ) Tj ET Q q 0 0 0 rg BT 553.67 103.85 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.85 Td (of ) Tj ET Q q 0 0 0 rg BT 60.97 91.85 Td (the ) Tj ET Q q 0 0 0 rg BT 75.82 91.85 Td (date ) Tj ET Q q 0 0 0 rg BT 95.11 91.85 Td (hereof ) Tj ET Q q 0 0 0 rg BT 123.29 91.85 Td (and ) Tj ET Q q 0 0 0 rg BT 140.36 91.85 Td (we ) Tj ET Q q 0 0 0 rg BT 154.66 91.85 Td (do ) Tj ET Q q 0 0 0 rg BT 167.29 91.85 Td (not ) Tj ET Q q 0 0 0 rg BT 182.71 91.85 Td (have, ) Tj ET Q q 0 0 0 rg BT 206.72 91.85 Td (or ) Tj ET Q q 0 0 0 rg BT 217.69 91.85 Td (undertake, ) Tj ET Q q 0 0 0 rg BT 262.25 91.85 Td (any ) Tj ET Q q 0 0 0 rg BT 279.33 91.85 Td (obligation ) Tj ET Q q 0 0 0 rg BT 322.51 91.85 Td (to ) Tj ET Q q 0 0 0 rg BT 332.93 91.85 Td (update ) Tj ET Q q 0 0 0 rg BT 362.22 91.85 Td (or ) Tj ET Q q 0 0 0 rg BT 373.19 91.85 Td (revise ) Tj ET Q q 0 0 0 rg BT 399.70 91.85 Td (any ) Tj ET Q q 0 0 0 rg BT 416.78 91.85 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 484.95 91.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 529.80 91.85 Td (whether ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.85 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 79.85 Td (a ) Tj ET Q q 0 0 0 rg BT 67.77 79.85 Td (result ) Tj ET Q q 0 0 0 rg BT 92.49 79.85 Td (of ) Tj ET Q q 0 0 0 rg BT 103.32 79.85 Td (new ) Tj ET Q q 0 0 0 rg BT 122.48 79.85 Td (information, ) Tj ET Q q 0 0 0 rg BT 174.69 79.85 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 221.63 79.85 Td (events ) Tj ET Q q 0 0 0 rg BT 249.67 79.85 Td (or ) Tj ET Q q 0 0 0 rg BT 260.50 79.85 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 304.38 79.85 Td (unless ) Tj ET Q q 0 0 0 rg BT 331.88 79.85 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 373.26 79.85 Td (required ) Tj ET Q q 0 0 0 rg BT 409.07 79.85 Td (by ) Tj ET Q q 0 0 0 rg BT 421.57 79.85 Td (law) Tj ET Q q 0 0 0 rg BT 435.36 79.85 Td (.) 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0 rg BT 351.08 651.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 395.33 651.25 Td (located ) Tj ET Q q 0 0 0 rg BT 426.79 651.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 466.60 651.25 Td (in ) Tj ET Q q 0 0 0 rg BT 476.97 651.25 Td (the ) Tj ET Q q 0 0 0 rg BT 491.78 651.25 Td (United ) Tj ET Q q 0 0 0 rg BT 521.59 651.25 Td (States ) Tj ET Q q 0 0 0 rg BT 548.07 651.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 639.25 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 84.11 639.25 Td (Outside ) Tj ET Q q 0 0 0 rg BT 117.33 639.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.79 639.25 Td (North ) Tj ET Q q 0 0 0 rg BT 152.77 639.25 Td (America, ) Tj ET Q q 0 0 0 rg BT 191.81 639.25 Td (we ) Tj ET Q q 0 0 0 rg BT 205.59 639.25 Td (are ) Tj ET Q q 0 0 0 rg BT 219.92 639.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 258.14 639.25 Td (constructing ) Tj ET Q q 0 0 0 rg BT 309.69 639.25 Td (an ) Tj ET Q q 0 0 0 rg BT 321.25 639.25 Td (ener) Tj ET Q q 0 0 0 rg BT 338.27 639.25 Td (gy-from-waste ) Tj ET Q q 0 0 0 rg BT 399.26 639.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 429.70 639.25 Td (in ) Tj ET Q q 0 0 0 rg BT 439.60 639.25 Td (Dublin, ) Tj ET Q q 0 0 0 rg BT 472.00 639.25 Td (Ireland, ) Tj ET Q q 0 0 0 rg BT 504.94 639.25 Td (which ) Tj ET Q q 0 0 0 rg BT 531.50 639.25 Td (we ) Tj ET Q q 0 0 0 rg BT 545.28 639.25 Td (own ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 627.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.84 627.25 Td (will ) Tj ET Q q 0 0 0 rg BT 85.30 627.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 117.63 627.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 140.54 627.25 Td (completion. ) Tj ET Q q 0 0 0 rg BT 190.93 627.25 Td ( ) Tj ET Q q 0 0 0 rg BT 193.63 627.25 Td (W) Tj ET Q q 0 0 0 rg BT 202.26 627.25 Td (e ) Tj ET Q q 0 0 0 rg BT 209.61 627.25 Td (hold ) Tj ET Q q 0 0 0 rg BT 230.29 627.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 266.52 627.25 Td (in ) Tj ET Q q 0 0 0 rg BT 277.20 627.25 Td (an ) Tj ET Q q 0 0 0 rg BT 289.54 627.25 Td (ener) Tj ET Q q 0 0 0 rg BT 306.57 627.25 Td (gy-from-waste ) Tj ET Q q 0 0 0 rg BT 368.34 627.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 399.57 627.25 Td (in ) Tj ET Q q 0 0 0 rg BT 410.25 627.25 Td (Italy ) Tj ET Q q 0 0 0 rg BT 431.48 627.25 Td (and ) Tj ET Q q 0 0 0 rg BT 448.82 627.25 Td (an ) Tj ET Q q 0 0 0 rg BT 461.16 627.25 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 517.93 627.25 Td (business ) Tj ET Q q 0 0 0 rg BT 554.73 627.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 615.25 Td (China ) Tj ET Q q 0 0 0 rg BT 75.29 615.25 Td (which ) Tj ET Q q 0 0 0 rg BT 101.62 615.25 Td (is ) Tj ET Q q 0 0 0 rg BT 110.19 615.25 Td (engaged ) Tj ET Q q 0 0 0 rg BT 145.40 615.25 Td (in ) Tj ET Q q 0 0 0 rg BT 155.08 615.25 Td (ener) Tj ET Q q 0 0 0 rg BT 172.11 615.25 Td (gy-from-waste ) Tj ET Q q 0 0 0 rg BT 232.87 615.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 278.51 615.25 Td (Additional ) Tj ET Q q 0 0 0 rg BT 323.18 615.25 Td (information ) Tj ET Q q 0 0 0 rg BT 372.29 615.25 Td (about ) Tj ET Q q 0 0 0 rg BT 396.41 615.25 Td (our ) Tj ET Q q 0 0 0 rg BT 411.63 615.25 Td (reportable ) Tj ET Q q 0 0 0 rg BT 454.06 615.25 Td (segment ) Tj ET Q q 0 0 0 rg BT 489.29 615.25 Td (and ) Tj ET Q q 0 0 0 rg BT 505.63 615.25 Td (our ) Tj ET Q q 0 0 0 rg BT 520.85 615.25 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 603.25 Td (by ) Tj ET Q q 0 0 0 rg BT 62.56 603.25 Td (geographic ) Tj ET Q q 0 0 0 rg BT 110.04 603.25 Td (area ) Tj ET Q q 0 0 0 rg BT 129.74 603.25 Td (is ) Tj ET Q q 0 0 0 rg BT 139.46 603.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 181.39 603.25 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 192.22 603.25 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 223.05 603.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 264.99 603.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 311.15 603.25 Td (And ) Tj ET Q q 0 0 0 rg BT 330.31 603.25 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 393.35 603.25 Td (Data ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 427.80 603.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 449.74 603.25 Td (6.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 457.24 603.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.30 603.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 502.23 603.25 Td (Information ) Tj ET Q q 0 0 0 rg BT 553.07 603.25 Td (by ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 591.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 87.00 591.25 Td (Segments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.77 591.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 576.25 Td (During ) Tj ET Q q 0 0 0 rg BT 91.69 576.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 116.05 576.25 Td (we ) Tj ET Q q 0 0 0 rg BT 129.58 576.25 Td (divested ) Tj ET Q q 0 0 0 rg BT 164.76 576.25 Td (the ) Tj ET Q q 0 0 0 rg BT 178.84 576.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 214.58 576.25 Td (of ) Tj ET Q q 0 0 0 rg BT 224.78 576.25 Td (our ) Tj ET Q q 0 0 0 rg BT 239.97 576.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 289.60 576.25 Td (in ) Tj ET Q q 0 0 0 rg BT 299.24 576.25 Td (China. ) Tj ET Q q 0 0 0 rg BT 327.49 576.25 Td (For ) Tj ET Q q 0 0 0 rg BT 343.25 576.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 385.10 576.25 Td (information ) Tj ET Q q 0 0 0 rg BT 434.17 576.25 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.80 576.25 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 478.43 576.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 519.18 576.25 Td (Statements ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 564.25 Td (And ) Tj ET Q q 0 0 0 rg BT 68.11 564.25 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 130.59 564.25 Td (Data ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 164.49 564.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 185.87 564.25 Td (4.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 193.37 564.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 195.87 564.25 Td (Dispositions, ) Tj ET Q q 0 0 0 rg BT 250.70 564.25 Td (Assets ) Tj ET Q q 0 0 0 rg BT 278.20 564.25 Td (Held ) Tj ET Q q 0 0 0 rg BT 300.14 564.25 Td (for ) Tj ET Q q 0 0 0 rg BT 314.31 564.25 Td (Sale ) Tj ET Q q 0 0 0 rg BT 334.03 564.25 Td (and ) Tj ET Q q 0 0 0 rg BT 351.53 564.25 Td (Discontinued ) Tj ET Q q 0 0 0 rg BT 407.35 564.25 Td (Operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 452.35 564.25 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 546.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.67 546.25 Td (Energy-from-W) Tj ET Q q 0 0 0 rg BT 133.48 546.25 Td (aste ) Tj ET Q q 0 0 0 rg BT 152.09 546.25 Td (Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 528.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 77.24 528.25 Td (mission ) Tj ET Q q 0 0 0 rg BT 111.55 528.25 Td (is ) Tj ET Q q 0 0 0 rg BT 121.42 528.25 Td (to ) Tj ET Q q 0 0 0 rg BT 132.39 528.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 166.13 528.25 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 213.75 528.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 239.71 528.25 Td (and ) Tj ET Q q 0 0 0 rg BT 257.34 528.25 Td (ener) Tj ET Q q 0 0 0 rg BT 274.37 528.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 287.56 528.25 Td (solutions. ) Tj ET Q q 0 0 0 rg BT 329.14 528.25 Td (W) Tj ET Q q 0 0 0 rg BT 337.78 528.25 Td (e ) Tj ET Q q 0 0 0 rg BT 345.41 528.25 Td (seek ) Tj ET Q q 0 0 0 rg BT 366.37 528.25 Td (to ) Tj ET Q q 0 0 0 rg BT 377.34 528.25 Td (do ) Tj ET Q q 0 0 0 rg BT 390.54 528.25 Td (this ) Tj ET Q q 0 0 0 rg BT 408.18 528.25 Td (through ) Tj ET Q q 0 0 0 rg BT 442.48 528.25 Td (a ) Tj ET Q q 0 0 0 rg BT 450.11 528.25 Td (variety ) Tj ET Q q 0 0 0 rg BT 481.06 528.25 Td (of ) Tj ET Q q 0 0 0 rg BT 492.59 528.25 Td (service ) Tj ET Q q 0 0 0 rg BT 524.09 528.25 Td (of) Tj ET Q q 0 0 0 rg BT 532.24 528.25 Td (ferings, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 516.25 Td (including ) Tj ET Q q 0 0 0 rg BT 89.29 516.25 Td (our ) Tj ET Q q 0 0 0 rg BT 104.64 516.25 Td (core ) Tj ET Q q 0 0 0 rg BT 123.86 516.25 Td (business ) Tj ET Q q 0 0 0 rg BT 159.77 516.25 Td (of ) Tj ET Q q 0 0 0 rg BT 170.12 516.25 Td (owning ) Tj ET Q q 0 0 0 rg BT 202.13 516.25 Td (and ) Tj ET Q q 0 0 0 rg BT 218.59 516.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 258.37 516.25 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 314.25 516.25 Td (for ) Tj ET Q q 0 0 0 rg BT 327.92 516.25 Td (the ) Tj ET Q q 0 0 0 rg BT 342.16 516.25 Td (conversion ) Tj ET Q q 0 0 0 rg BT 388.05 516.25 Td (of ) Tj ET Q q 0 0 0 rg BT 398.40 516.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 423.18 516.25 Td (to ) Tj ET Q q 0 0 0 rg BT 432.98 516.25 Td (ener) Tj ET Q q 0 0 0 rg BT 450.00 516.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 462.02 516.25 Td (\(known ) Tj ET Q q 0 0 0 rg BT 494.59 516.25 Td (as ) Tj ET Q q 0 0 0 rg BT 504.93 516.25 Td (ener) Tj ET Q q 0 0 0 rg BT 526.40 516.25 Td (gy-from-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 504.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 79.21 504.25 Td (or ) Tj ET Q q 0 0 0 rg BT 90.04 504.25 Td (EfW\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 486.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 77.09 486.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 95.79 486.25 Td ( ) Tj ET Q q 0 0 0 rg BT 98.83 486.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 136.30 486.25 Td (earn ) Tj ET Q q 0 0 0 rg BT 156.55 486.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 191.24 486.25 Td (from ) Tj ET Q q 0 0 0 rg BT 213.72 486.25 Td (both ) Tj ET Q q 0 0 0 rg BT 234.54 486.25 Td (the ) Tj ET Q q 0 0 0 rg BT 249.80 486.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 285.62 486.25 Td (of ) Tj ET Q q 0 0 0 rg BT 296.99 486.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 322.80 486.25 Td (and ) Tj ET Q q 0 0 0 rg BT 340.28 486.25 Td (the ) Tj ET Q q 0 0 0 rg BT 355.54 486.25 Td (generation ) Tj ET Q q 0 0 0 rg BT 400.79 486.25 Td (of ) Tj ET Q q 0 0 0 rg BT 412.16 486.25 Td (electricity) Tj ET Q q 0 0 0 rg BT 451.48 486.25 Td (, ) Tj ET Q q 0 0 0 rg BT 457.03 486.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 497.27 486.25 Td (under ) Tj ET Q q 0 0 0 rg BT 523.08 486.25 Td (long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 90.92 474.25 Td (as ) Tj ET Q q 0 0 0 rg BT 102.07 474.25 Td (well ) Tj ET Q q 0 0 0 rg BT 122.11 474.25 Td (as ) Tj ET Q q 0 0 0 rg BT 133.27 474.25 Td (from ) Tj ET Q q 0 0 0 rg BT 155.53 474.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.57 474.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 188.95 474.25 Td (of ) Tj ET Q q 0 0 0 rg BT 200.10 474.25 Td (metals ) Tj ET Q q 0 0 0 rg BT 229.03 474.25 Td (recovered ) Tj ET Q q 0 0 0 rg BT 271.27 474.25 Td (during ) Tj ET Q q 0 0 0 rg BT 300.20 474.25 Td (the ) Tj ET Q q 0 0 0 rg BT 315.24 474.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 333.94 474.25 Td ( ) Tj ET Q q 0 0 0 rg BT 336.76 474.25 Td (process. ) Tj ET Q q 0 0 0 rg BT 372.08 474.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 390.45 474.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 427.71 474.25 Td (process ) Tj ET Q q 0 0 0 rg BT 460.52 474.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 521.11 474.25 Td (20million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.25 Td (tons ) Tj ET Q q 0 0 0 rg BT 68.97 462.25 Td (of ) Tj ET Q q 0 0 0 rg BT 80.11 462.25 Td (solid ) Tj ET Q q 0 0 0 rg BT 102.36 462.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 127.93 462.25 Td (annually) Tj ET Q q 0 0 0 rg BT 161.71 462.25 Td (, ) Tj ET Q q 0 0 0 rg BT 167.01 462.25 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 211.47 462.25 Td (to ) Tj ET Q q 0 0 0 rg BT 222.05 462.25 Td (8% ) Tj ET Q q 0 0 0 rg BT 238.18 462.25 Td (of ) Tj ET Q q 0 0 0 rg BT 249.31 462.25 Td (post-recycled ) Tj ET Q q 0 0 0 rg BT 305.98 462.25 Td (municipal ) Tj ET Q q 0 0 0 rg BT 348.77 462.25 Td (solid ) Tj ET Q q 0 0 0 rg BT 371.02 462.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 396.59 462.25 Td (\(MSW\) ) Tj ET Q q 0 0 0 rg BT 438.83 462.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 480.49 462.25 Td (in ) Tj ET Q q 0 0 0 rg BT 491.07 462.25 Td (the ) Tj ET Q q 0 0 0 rg BT 506.09 462.25 Td (United ) Tj ET Q q 0 0 0 rg BT 536.11 462.25 Td (States. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 450.25 Td (e ) Tj ET Q q 0 0 0 rg BT 64.96 450.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 96.76 450.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 124.69 450.25 Td (have ) Tj ET Q q 0 0 0 rg BT 145.95 450.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 189.99 450.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 228.48 450.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.64 450.25 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.64 450.25 Td ( ) Tj ET Q q 0 0 0 rg BT 251.02 450.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 269.72 450.25 Td ( ) Tj ET Q q 0 0 0 rg BT 272.10 450.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 311.41 450.25 Td (which ) Tj ET Q q 0 0 0 rg BT 338.23 450.25 Td (are ) Tj ET Q q 0 0 0 rg BT 352.82 450.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 392.41 450.25 Td (located ) Tj ET Q q 0 0 0 rg BT 423.66 450.25 Td (in ) Tj ET Q q 0 0 0 rg BT 433.82 450.25 Td (North ) Tj ET Q q 0 0 0 rg BT 459.00 450.25 Td (America, ) Tj ET Q q 0 0 0 rg BT 498.31 450.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.13 450.25 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.13 450.25 Td ( ) Tj ET Q q 0 0 0 rg BT 522.51 450.25 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.25 Td (ener) Tj ET Q q 0 0 0 rg BT 66.53 438.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 81.20 438.25 Td (generation ) Tj ET Q q 0 0 0 rg BT 128.07 438.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 169.67 438.25 Td (including ) Tj ET Q q 0 0 0 rg BT 212.11 438.25 Td (other ) Tj ET Q q 0 0 0 rg BT 237.33 438.25 Td (renewable ) Tj ET Q q 0 0 0 rg BT 283.08 438.25 Td (ener) Tj ET Q q 0 0 0 rg BT 300.11 438.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 314.78 438.25 Td (production ) Tj ET Q q 0 0 0 rg BT 362.78 438.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 401.88 438.25 Td (in ) Tj ET Q q 0 0 0 rg BT 414.32 438.25 Td (North ) Tj ET Q q 0 0 0 rg BT 441.29 438.25 Td (America ) Tj ET Q q 0 0 0 rg BT 480.39 438.25 Td (\(wood ) Tj ET Q q 0 0 0 rg BT 510.61 438.25 Td (biomass ) Tj ET Q q 0 0 0 rg BT 548.06 438.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.25 Td (hydroelectric\). ) Tj ET Q q 0 0 0 rg BT 110.30 426.25 Td (In ) Tj ET Q q 0 0 0 rg BT 120.85 426.25 Td (total, ) Tj ET Q q 0 0 0 rg BT 143.34 426.25 Td (these ) Tj ET Q q 0 0 0 rg BT 166.10 426.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 191.65 426.25 Td (produce ) Tj ET Q q 0 0 0 rg BT 226.08 426.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 286.05 426.25 Td (10million ) Tj ET Q q 0 0 0 rg BT 329.66 426.25 Td (megawatt ) Tj ET Q q 0 0 0 rg BT 370.75 426.25 Td (hours ) Tj ET Q q 0 0 0 rg BT 395.19 426.25 Td (\(MWh\) ) Tj ET Q q 0 0 0 rg BT 436.28 426.25 Td (of ) Tj ET Q q 0 0 0 rg BT 446.83 426.25 Td (baseload ) Tj ET Q q 0 0 0 rg BT 484.03 426.25 Td (electricity ) Tj ET Q q 0 0 0 rg BT 526.22 426.25 Td (annually) Tj ET Q q 0 0 0 rg BT 560.01 426.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 414.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.79 414.25 Td (also ) Tj ET Q q 0 0 0 rg BT 85.10 414.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 117.74 414.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 143.71 414.25 Td (management ) Tj ET Q q 0 0 0 rg BT 198.01 414.25 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 257.58 414.25 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.57 414.25 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.57 414.25 Td ( ) Tj ET Q q 0 0 0 rg BT 311.78 414.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 337.76 414.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 371.50 414.25 Td (stations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.77 414.25 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.77 414.25 Td ( ) Tj ET Q q 0 0 0 rg BT 420.98 414.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 481.95 414.25 Td (services ) Tj ET Q q 0 0 0 rg BT 517.36 414.25 Td (facilities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.50 414.25 Td (4) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.25 Td (landfills ) Tj ET Q q 0 0 0 rg BT 84.38 402.25 Td (\(primarily ) Tj ET Q q 0 0 0 rg BT 127.04 402.25 Td (for ) Tj ET Q q 0 0 0 rg BT 140.81 402.25 Td (ash ) Tj ET Q q 0 0 0 rg BT 156.25 402.25 Td (disposal\) ) Tj ET Q q 0 0 0 rg BT 194.47 402.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.02 402.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.46 402.25 Td ( ) Tj ET Q q 0 0 0 rg BT 227.57 402.25 Td (metals ) Tj ET Q q 0 0 0 rg BT 255.78 402.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 300.66 402.25 Td (facility) Tj ET Q q 0 0 0 rg BT 328.33 402.25 Td (, ) Tj ET Q q 0 0 0 rg BT 332.94 402.25 Td (all ) Tj ET Q q 0 0 0 rg BT 345.05 402.25 Td (of ) Tj ET Q q 0 0 0 rg BT 355.49 402.25 Td (which ) Tj ET Q q 0 0 0 rg BT 382.04 402.25 Td (are ) Tj ET Q q 0 0 0 rg BT 396.36 402.25 Td (complementary ) Tj ET Q q 0 0 0 rg BT 460.66 402.25 Td (to ) Tj ET Q q 0 0 0 rg BT 470.55 402.25 Td (our ) Tj ET Q q 0 0 0 rg BT 485.99 402.25 Td (core ) Tj ET Q q 0 0 0 rg BT 505.31 402.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 524.01 402.25 Td ( ) Tj ET Q q 0 0 0 rg BT 526.12 402.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 565.01 402.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 384.25 Td (Ener) Tj ET Q q 0 0 0 rg BT 77.20 384.25 Td (gy-from-waste ) Tj ET Q q 0 0 0 rg BT 138.69 384.25 Td (serves ) Tj ET Q q 0 0 0 rg BT 166.30 384.25 Td (two ) Tj ET Q q 0 0 0 rg BT 183.92 384.25 Td (key ) Tj ET Q q 0 0 0 rg BT 200.98 384.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 235.26 384.25 Td (as ) Tj ET Q q 0 0 0 rg BT 246.21 384.25 Td (both ) Tj ET Q q 0 0 0 rg BT 266.61 384.25 Td (a ) Tj ET Q q 0 0 0 rg BT 273.67 384.25 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 320.73 384.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 346.12 384.25 Td (management ) Tj ET Q q 0 0 0 rg BT 399.83 384.25 Td (solution ) Tj ET Q q 0 0 0 rg BT 434.68 384.25 Td (that ) Tj ET Q q 0 0 0 rg BT 452.29 384.25 Td (is ) Tj ET Q q 0 0 0 rg BT 461.59 384.25 Td (environmentally ) Tj ET Q q 0 0 0 rg BT 529.75 384.25 Td (superior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 372.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.35 372.25 Td (landfilling ) Tj ET Q q 0 0 0 rg BT 105.07 372.25 Td (and ) Tj ET Q q 0 0 0 rg BT 122.58 372.25 Td (as ) Tj ET Q q 0 0 0 rg BT 133.98 372.25 Td (a ) Tj ET Q q 0 0 0 rg BT 141.48 372.25 Td (source ) Tj ET Q q 0 0 0 rg BT 170.65 372.25 Td (of ) Tj ET Q q 0 0 0 rg BT 182.05 372.25 Td (clean ) Tj ET Q q 0 0 0 rg BT 206.21 372.25 Td (ener) Tj ET Q q 0 0 0 rg BT 223.24 372.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 236.31 372.25 Td (that ) Tj ET Q q 0 0 0 rg BT 254.37 372.25 Td (reduces ) Tj ET Q q 0 0 0 rg BT 287.97 372.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 318.80 372.25 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 367.41 372.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 383.81 372.25 Td (emissions. ) Tj ET Q q 0 0 0 rg BT 428.82 372.25 Td (Ener) Tj ET Q q 0 0 0 rg BT 447.52 372.25 Td (gy-from-waste ) Tj ET Q q 0 0 0 rg BT 509.46 372.25 Td (is ) Tj ET Q q 0 0 0 rg BT 519.19 372.25 Td (considered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 360.25 Td (renewable ) Tj ET Q q 0 0 0 rg BT 94.11 360.25 Td (under ) Tj ET Q q 0 0 0 rg BT 120.40 360.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.14 360.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 157.99 360.25 Td (of ) Tj ET Q q 0 0 0 rg BT 169.84 360.25 Td (many ) Tj ET Q q 0 0 0 rg BT 195.58 360.25 Td (states ) Tj ET Q q 0 0 0 rg BT 221.32 360.25 Td (and ) Tj ET Q q 0 0 0 rg BT 239.28 360.25 Td (under ) Tj ET Q q 0 0 0 rg BT 265.57 360.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 296.84 360.25 Td (law) Tj ET Q q 0 0 0 rg BT 310.63 360.25 Td (. ) Tj ET Q q 0 0 0 rg BT 316.65 360.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 335.73 360.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 373.68 360.25 Td (are ) Tj ET Q q 0 0 0 rg BT 389.41 360.25 Td (critical ) Tj ET Q q 0 0 0 rg BT 420.69 360.25 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 478.07 360.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 504.93 360.25 Td (that ) Tj ET Q q 0 0 0 rg BT 523.44 360.25 Td (allow ) Tj ET Q q 0 0 0 rg BT 549.18 360.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 348.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 95.05 348.25 Td (which ) Tj ET Q q 0 0 0 rg BT 121.99 348.25 Td (are ) Tj ET Q q 0 0 0 rg BT 136.69 348.25 Td (principally ) Tj ET Q q 0 0 0 rg BT 182.51 348.25 Td (municipal ) Tj ET Q q 0 0 0 rg BT 225.00 348.25 Td (entities, ) Tj ET Q q 0 0 0 rg BT 258.88 348.25 Td (to ) Tj ET Q q 0 0 0 rg BT 269.16 348.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 302.21 348.25 Td (an ) Tj ET Q q 0 0 0 rg BT 314.15 348.25 Td (essential ) Tj ET Q q 0 0 0 rg BT 351.08 348.25 Td (public ) Tj ET Q q 0 0 0 rg BT 378.58 348.25 Td (service ) Tj ET Q q 0 0 0 rg BT 409.39 348.25 Td (through ) Tj ET Q q 0 0 0 rg BT 443.00 348.25 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 489.93 348.25 Td (practices.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 330.25 Td (Ener) Tj ET Q q 0 0 0 rg BT 77.20 330.25 Td (gy-from-waste ) Tj ET Q q 0 0 0 rg BT 137.47 330.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 173.31 330.25 Td (produce ) Tj ET Q q 0 0 0 rg BT 206.93 330.25 Td (ener) Tj ET Q q 0 0 0 rg BT 223.95 330.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 235.36 330.25 Td (through ) Tj ET Q q 0 0 0 rg BT 267.88 330.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.50 330.25 Td (combustion ) Tj ET Q q 0 0 0 rg BT 329.58 330.25 Td (of ) Tj ET Q q 0 0 0 rg BT 339.32 330.25 Td (non-hazardous ) Tj ET Q q 0 0 0 rg BT 399.59 330.25 Td (MSW) Tj ET Q q 0 0 0 rg BT 423.30 330.25 Td ( ) Tj ET Q q 0 0 0 rg BT 424.71 330.25 Td (in ) Tj ET Q q 0 0 0 rg BT 433.90 330.25 Td (specially-designed ) Tj ET Q q 0 0 0 rg BT 509.73 330.25 Td (power ) Tj ET Q q 0 0 0 rg BT 536.12 330.25 Td (plants. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.25 Td (Most ) Tj ET Q q 0 0 0 rg BT 72.02 318.25 Td (of ) Tj ET Q q 0 0 0 rg BT 82.31 318.25 Td (our ) Tj ET Q q 0 0 0 rg BT 97.60 318.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 133.99 318.25 Td (are ) Tj ET Q q 0 0 0 rg BT 148.15 318.25 Td (mass-burn ) Tj ET Q q 0 0 0 rg BT 200.65 318.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 239.54 318.25 Td (which ) Tj ET Q q 0 0 0 rg BT 265.94 318.25 Td (combust ) Tj ET Q q 0 0 0 rg BT 301.78 318.25 Td (the ) Tj ET Q q 0 0 0 rg BT 315.96 318.25 Td (MSW) Tj ET Q q 0 0 0 rg BT 339.67 318.25 Td ( ) Tj ET Q q 0 0 0 rg BT 341.63 318.25 Td (on ) Tj ET Q q 0 0 0 rg BT 353.59 318.25 Td (an ) Tj ET Q q 0 0 0 rg BT 364.99 318.25 Td (as-received ) Tj ET Q q 0 0 0 rg BT 412.47 318.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 434.43 318.25 Td (without ) Tj ET Q q 0 0 0 rg BT 466.95 318.25 Td (any ) Tj ET Q q 0 0 0 rg BT 483.34 318.25 Td (pre-processing ) Tj ET Q q 0 0 0 rg BT 544.17 318.25 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.39 306.25 Td (shredding, ) Tj ET Q q 0 0 0 rg BT 104.88 306.25 Td (sorting ) Tj ET Q q 0 0 0 rg BT 135.22 306.25 Td (or ) Tj ET Q q 0 0 0 rg BT 146.10 306.25 Td (sizing. ) Tj ET Q q 0 0 0 rg BT 174.86 306.25 Td (The ) Tj ET Q q 0 0 0 rg BT 192.96 306.25 Td (process ) Tj ET Q q 0 0 0 rg BT 225.51 306.25 Td (reduces ) Tj ET Q q 0 0 0 rg BT 258.60 306.25 Td (the ) Tj ET Q q 0 0 0 rg BT 273.38 306.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 298.70 306.25 Td (to ) Tj ET Q q 0 0 0 rg BT 309.03 306.25 Td (an ) Tj ET Q q 0 0 0 rg BT 321.03 306.25 Td (inert ) Tj ET Q q 0 0 0 rg BT 341.91 306.25 Td (ash ) Tj ET Q q 0 0 0 rg BT 357.80 306.25 Td (while ) Tj ET Q q 0 0 0 rg BT 382.57 306.25 Td (extracting ) Tj ET Q q 0 0 0 rg BT 425.11 306.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 455.98 306.25 Td (and ) Tj ET Q q 0 0 0 rg BT 472.98 306.25 Td (non-ferrous ) Tj ET Q q 0 0 0 rg BT 522.18 306.25 Td (metals ) Tj ET Q q 0 0 0 rg BT 550.84 306.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.25 Td (recycling. ) Tj ET Q q 0 0 0 rg BT 90.63 294.25 Td (In ) Tj ET Q q 0 0 0 rg BT 100.38 294.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 134.58 294.25 Td (to ) Tj ET Q q 0 0 0 rg BT 143.79 294.25 Td (our ) Tj ET Q q 0 0 0 rg BT 158.54 294.25 Td (mass-burn ) Tj ET Q q 0 0 0 rg BT 201.63 294.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 239.98 294.25 Td (we ) Tj ET Q q 0 0 0 rg BT 253.07 294.25 Td (own ) Tj ET Q q 0 0 0 rg BT 271.72 294.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 298.69 294.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 329.54 294.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 370.96 294.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 406.81 294.25 Td (that ) Tj ET Q q 0 0 0 rg BT 423.23 294.25 Td (use ) Tj ET Q q 0 0 0 rg BT 437.99 294.25 Td (other ) Tj ET Q q 0 0 0 rg BT 459.96 294.25 Td (processes ) Tj ET Q q 0 0 0 rg BT 499.71 294.25 Td (or ) Tj ET Q q 0 0 0 rg BT 509.46 294.25 Td (technologies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.25 Td (such ) Tj ET Q q 0 0 0 rg BT 70.83 282.25 Td (as ) Tj ET Q q 0 0 0 rg BT 82.17 282.25 Td (refuse-derived ) Tj ET Q q 0 0 0 rg BT 142.92 282.25 Td (fuel ) Tj ET Q q 0 0 0 rg BT 161.47 282.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 198.90 282.25 Td (which ) Tj ET Q q 0 0 0 rg BT 226.34 282.25 Td (process ) Tj ET Q q 0 0 0 rg BT 259.34 282.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 285.11 282.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 307.56 282.25 Td (to ) Tj ET Q q 0 0 0 rg BT 318.34 282.25 Td (combustion ) Tj ET Q q 0 0 0 rg BT 368.01 282.25 Td (and ) Tj ET Q q 0 0 0 rg BT 385.45 282.25 Td (a ) Tj ET Q q 0 0 0 rg BT 392.89 282.25 Td (gasification ) Tj ET Q q 0 0 0 rg BT 442.55 282.25 Td (technology) Tj ET Q q 0 0 0 rg BT 486.33 282.25 Td (, ) Tj ET Q q 0 0 0 rg BT 491.84 282.25 Td (in ) Tj ET Q q 0 0 0 rg BT 502.62 282.25 Td (which ) Tj ET Q q 0 0 0 rg BT 530.06 282.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 555.83 282.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.25 Td (heated ) Tj ET Q q 0 0 0 rg BT 78.09 270.25 Td (to ) Tj ET Q q 0 0 0 rg BT 88.37 270.25 Td (create ) Tj ET Q q 0 0 0 rg BT 114.73 270.25 Td (gases ) Tj ET Q q 0 0 0 rg BT 138.89 270.25 Td (that ) Tj ET Q q 0 0 0 rg BT 156.39 270.25 Td (are ) Tj ET Q q 0 0 0 rg BT 171.10 270.25 Td (then ) Tj ET Q q 0 0 0 rg BT 190.81 270.25 Td (combusted.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 58.50 252.25 Td (Envir) Tj ET Q q 0 0 0 rg BT 80.35 252.25 Td (onmental ) Tj ET Q q 0 0 0 rg BT 120.06 252.25 Td (Benefits ) Tj ET Q q 0 0 0 rg BT 154.77 252.25 Td (of ) Tj ET Q q 0 0 0 rg BT 165.05 252.25 Td (Ener) Tj ET Q q 0 0 0 rg BT 184.12 252.25 Td (gy-fr) Tj ET Q q 0 0 0 rg BT 203.19 252.25 Td (om-W) Tj ET Q q 0 0 0 rg BT 226.15 252.25 Td (aste) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 234.25 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 234.25 Td (e ) Tj ET Q q 0 0 0 rg BT 75.23 234.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 107.77 234.25 Td (that ) Tj ET Q q 0 0 0 rg BT 126.42 234.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 145.12 234.25 Td ( ) Tj ET Q q 0 0 0 rg BT 148.77 234.25 Td (of) Tj ET Q q 0 0 0 rg BT 156.92 234.25 Td (fers ) Tj ET Q q 0 0 0 rg BT 175.57 234.25 Td (solutions ) Tj ET Q q 0 0 0 rg BT 215.35 234.25 Td (to ) Tj ET Q q 0 0 0 rg BT 226.79 234.25 Td (public ) Tj ET Q q 0 0 0 rg BT 255.44 234.25 Td (sector ) Tj ET Q q 0 0 0 rg BT 282.98 234.25 Td (leaders ) Tj ET Q q 0 0 0 rg BT 314.95 234.25 Td (around ) Tj ET Q q 0 0 0 rg BT 346.38 234.25 Td (the ) Tj ET Q q 0 0 0 rg BT 362.25 234.25 Td (world ) Tj ET Q q 0 0 0 rg BT 389.24 234.25 Td (for ) Tj ET Q q 0 0 0 rg BT 404.56 234.25 Td (addressing ) Tj ET Q q 0 0 0 rg BT 450.99 234.25 Td (two ) Tj ET Q q 0 0 0 rg BT 469.65 234.25 Td (key ) Tj ET Q q 0 0 0 rg BT 487.74 234.25 Td (issues: ) Tj ET Q q 0 0 0 rg BT 518.07 234.25 Td (sustainable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.25 Td (management ) Tj ET Q q 0 0 0 rg BT 103.29 222.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.32 222.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 139.80 222.25 Td (and ) Tj ET Q q 0 0 0 rg BT 156.94 222.25 Td (renewable ) Tj ET Q q 0 0 0 rg BT 200.72 222.25 Td (ener) Tj ET Q q 0 0 0 rg BT 217.75 222.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 230.45 222.25 Td (generation. ) Tj ET Q q 0 0 0 rg BT 277.66 222.25 Td (W) Tj ET Q q 0 0 0 rg BT 286.30 222.25 Td (e ) Tj ET Q q 0 0 0 rg BT 293.44 222.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 325.02 222.25 Td (that ) Tj ET Q q 0 0 0 rg BT 342.71 222.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.63 222.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 418.09 222.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 452.45 222.25 Td (of ) Tj ET Q q 0 0 0 rg BT 463.48 222.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 481.44 222.25 Td (, ) Tj ET Q q 0 0 0 rg BT 486.65 222.25 Td (as ) Tj ET Q q 0 0 0 rg BT 497.68 222.25 Td (an ) Tj ET Q q 0 0 0 rg BT 509.82 222.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 554.72 222.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.25 Td (landfilling, ) Tj ET Q q 0 0 0 rg BT 96.15 210.25 Td (are ) Tj ET Q q 0 0 0 rg BT 110.84 210.25 Td (clear ) Tj ET Q q 0 0 0 rg BT 132.75 210.25 Td (and ) Tj ET Q q 0 0 0 rg BT 149.67 210.25 Td (compelling: ) Tj ET Q q 0 0 0 rg BT 199.92 210.25 Td (by ) Tj ET Q q 0 0 0 rg BT 212.41 210.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 257.66 210.25 Td (municipal ) Tj ET Q q 0 0 0 rg BT 300.14 210.25 Td (solid ) Tj ET Q q 0 0 0 rg BT 322.07 210.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 347.33 210.25 Td (in ) Tj ET Q q 0 0 0 rg BT 357.59 210.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 376.29 210.25 Td ( ) Tj ET Q q 0 0 0 rg BT 378.77 210.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 418.19 210.25 Td (we ) Tj ET Q q 0 0 0 rg BT 432.33 210.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 461.46 210.25 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 509.49 210.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 525.30 210.25 Td (\(GHG\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.25 Td (emissions, ) Tj ET Q q 0 0 0 rg BT 94.83 198.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 120.98 198.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.58 198.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 154.97 198.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.68 198.25 Td (groundwater ) Tj ET Q q 0 0 0 rg BT 220.60 198.25 Td (contamination, ) Tj ET Q q 0 0 0 rg BT 283.69 198.25 Td (and ) Tj ET Q q 0 0 0 rg BT 301.52 198.25 Td (conserve ) Tj ET Q q 0 0 0 rg BT 340.44 198.25 Td (land. ) Tj ET Q q 0 0 0 rg BT 363.54 198.25 Td (Increased ) Tj ET Q q 0 0 0 rg BT 405.23 198.25 Td (use ) Tj ET Q q 0 0 0 rg BT 421.94 198.25 Td (of ) Tj ET Q q 0 0 0 rg BT 433.66 198.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 452.35 198.25 Td ( ) Tj ET Q q 0 0 0 rg BT 455.74 198.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 493.55 198.25 Td (can ) Tj ET Q q 0 0 0 rg BT 510.81 198.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 540.84 198.25 Td (GHG ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.25 Td (emissions, ) Tj ET Q q 0 0 0 rg BT 94.13 186.25 Td (as ) Tj ET Q q 0 0 0 rg BT 105.14 186.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.03 186.25 Td (methane ) Tj ET Q q 0 0 0 rg BT 156.59 186.25 Td (emitted ) Tj ET Q q 0 0 0 rg BT 189.26 186.25 Td (by ) Tj ET Q q 0 0 0 rg BT 201.94 186.25 Td (landfills ) Tj ET Q q 0 0 0 rg BT 237.39 186.25 Td (is ) Tj ET Q q 0 0 0 rg BT 246.74 186.25 Td (over ) Tj ET Q q 0 0 0 rg BT 267.19 186.25 Td (80 ) Tj ET Q q 0 0 0 rg BT 279.87 186.25 Td (times ) Tj ET Q q 0 0 0 rg BT 304.21 186.25 Td (more ) Tj ET Q q 0 0 0 rg BT 327.44 186.25 Td (potent ) Tj ET Q q 0 0 0 rg BT 355.11 186.25 Td (than ) Tj ET Q q 0 0 0 rg BT 375.01 186.25 Td (carbon ) Tj ET Q q 0 0 0 rg BT 404.90 186.25 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 437.57 186.25 Td (\(CO) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.23 186.25 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.23 186.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 473.68 186.25 Td (over ) Tj ET Q q 0 0 0 rg BT 494.13 186.25 Td (a ) Tj ET Q q 0 0 0 rg BT 501.25 186.25 Td (20-year ) Tj ET Q q 0 0 0 rg BT 534.46 186.25 Td (period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.25 Td (At ) Tj ET Q q 0 0 0 rg BT 62.20 174.25 Td (the ) Tj ET Q q 0 0 0 rg BT 77.12 174.25 Td (same ) Tj ET Q q 0 0 0 rg BT 100.37 174.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 123.35 174.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 142.04 174.25 Td ( ) Tj ET Q q 0 0 0 rg BT 144.75 174.25 Td (generates ) Tj ET Q q 0 0 0 rg BT 185.20 174.25 Td (clean, ) Tj ET Q q 0 0 0 rg BT 211.50 174.25 Td (reliable ) Tj ET Q q 0 0 0 rg BT 244.18 174.25 Td (ener) Tj ET Q q 0 0 0 rg BT 261.21 174.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 273.91 174.25 Td (from ) Tj ET Q q 0 0 0 rg BT 296.05 174.25 Td (a ) Tj ET Q q 0 0 0 rg BT 303.19 174.25 Td (renewable ) Tj ET Q q 0 0 0 rg BT 346.98 174.25 Td (fuel ) Tj ET Q q 0 0 0 rg BT 365.23 174.25 Td (source, ) Tj ET Q q 0 0 0 rg BT 396.53 174.25 Td (thus ) Tj ET Q q 0 0 0 rg BT 415.90 174.25 Td (reducing ) Tj ET Q q 0 0 0 rg BT 453.59 174.25 Td (dependence ) Tj ET Q q 0 0 0 rg BT 503.49 174.25 Td (on ) Tj ET Q q 0 0 0 rg BT 516.19 174.25 Td (fossil ) Tj ET Q q 0 0 0 rg BT 540.56 174.25 Td (fuels, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.89 162.25 Td (combustion ) Tj ET Q q 0 0 0 rg BT 114.72 162.25 Td (of ) Tj ET Q q 0 0 0 rg BT 126.22 162.25 Td (which ) Tj ET Q q 0 0 0 rg BT 153.83 162.25 Td (is ) Tj ET Q q 0 0 0 rg BT 163.67 162.25 Td (itself ) Tj ET Q q 0 0 0 rg BT 186.83 162.25 Td (a ) Tj ET Q q 0 0 0 rg BT 194.44 162.25 Td (major ) Tj ET Q q 0 0 0 rg BT 220.93 162.25 Td (contributor ) Tj ET Q q 0 0 0 rg BT 268.53 162.25 Td (of ) Tj ET Q q 0 0 0 rg BT 280.03 162.25 Td (GHG ) Tj ET Q q 0 0 0 rg BT 304.87 162.25 Td (emissions. ) Tj ET Q q 0 0 0 rg BT 349.75 162.25 Td (The ) Tj ET Q q 0 0 0 rg BT 368.47 162.25 Td (United ) Tj ET Q q 0 0 0 rg BT 398.86 162.25 Td (StatesEnvironmental ) Tj ET Q q 0 0 0 rg BT 487.84 162.25 Td (Protection ) Tj ET Q q 0 0 0 rg BT 531.41 162.25 Td (Agency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.25 Td (\(EP) Tj ET Q q 0 0 0 rg BT 68.02 150.25 Td (A\), ) Tj ET Q q 0 0 0 rg BT 89.88 150.25 Td (using ) Tj ET Q q 0 0 0 rg BT 115.91 150.25 Td (lifecycle ) Tj ET Q q 0 0 0 rg BT 154.69 150.25 Td (tools ) Tj ET Q q 0 0 0 rg BT 178.51 150.25 Td (such ) Tj ET Q q 0 0 0 rg BT 201.20 150.25 Td (as ) Tj ET Q q 0 0 0 rg BT 213.90 150.25 Td (its ) Tj ET Q q 0 0 0 rg BT 227.71 150.25 Td (own ) Tj ET Q q 0 0 0 rg BT 249.30 150.25 Td (Municipal ) Tj ET Q q 0 0 0 rg BT 294.76 150.25 Td (Solid ) Tj ET Q q 0 0 0 rg BT 319.93 150.25 Td (W) Tj ET Q q 0 0 0 rg BT 328.57 150.25 Td (aste ) Tj ET Q q 0 0 0 rg BT 348.48 150.25 Td (Decision ) Tj ET Q q 0 0 0 rg BT 388.39 150.25 Td (Support ) Tj ET Q q 0 0 0 rg BT 424.11 150.25 Td (T) Tj ET Q q 0 0 0 rg BT 429.52 150.25 Td (ool,has ) Tj ET Q q 0 0 0 rg BT 465.00 150.25 Td (found ) Tj ET Q q 0 0 0 rg BT 492.69 150.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 514.55 150.25 Td (on ) Tj ET Q q 0 0 0 rg BT 528.91 150.25 Td (average, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 109.43 138.25 Td (one ) Tj ET Q q 0 0 0 rg BT 126.04 138.25 Td (ton ) Tj ET Q q 0 0 0 rg BT 140.99 138.25 Td (of ) Tj ET Q q 0 0 0 rg BT 151.49 138.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 165.38 136.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.63 138.25 Td (-equivalent ) Tj ET Q q 0 0 0 rg BT 215.78 138.25 Td (is ) Tj ET Q q 0 0 0 rg BT 224.62 138.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 258.44 138.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 290.59 138.25 Td (to ) Tj ET Q q 0 0 0 rg BT 300.54 138.25 Td (landfilling ) Tj ET Q q 0 0 0 rg BT 344.37 138.25 Td (for ) Tj ET Q q 0 0 0 rg BT 358.20 138.25 Td (every ) Tj ET Q q 0 0 0 rg BT 382.57 138.25 Td (ton ) Tj ET Q q 0 0 0 rg BT 397.52 138.25 Td (of ) Tj ET Q q 0 0 0 rg BT 408.02 138.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 432.96 138.25 Td (processed. ) Tj ET Q q 0 0 0 rg BT 477.06 138.25 Td (Compared ) Tj ET Q q 0 0 0 rg BT 520.89 138.25 Td (with ) Tj ET Q q 0 0 0 rg BT 540.84 138.25 Td (fossil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.25 Td (fuel ) Tj ET Q q 0 0 0 rg BT 67.37 126.25 Td (based ) Tj ET Q q 0 0 0 rg BT 92.45 126.25 Td (generation, ) Tj ET Q q 0 0 0 rg BT 139.47 126.25 Td (each ) Tj ET Q q 0 0 0 rg BT 160.11 126.25 Td (ton ) Tj ET Q q 0 0 0 rg BT 175.20 126.25 Td (of ) Tj ET Q q 0 0 0 rg BT 185.85 126.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 210.94 126.25 Td (processed ) Tj ET Q q 0 0 0 rg BT 252.69 126.25 Td (eliminates ) Tj ET Q q 0 0 0 rg BT 296.10 126.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.64 126.25 Td (need ) Tj ET Q q 0 0 0 rg BT 331.83 126.25 Td (to ) Tj ET Q q 0 0 0 rg BT 341.93 126.25 Td (consume ) Tj ET Q q 0 0 0 rg BT 379.79 126.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 439.87 126.25 Td (one ) Tj ET Q q 0 0 0 rg BT 456.63 126.25 Td (barrel ) Tj ET Q q 0 0 0 rg BT 482.26 126.25 Td (of ) Tj ET Q q 0 0 0 rg BT 492.91 126.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 505.79 126.25 Td (or ) Tj ET Q q 0 0 0 rg BT 516.43 126.25 Td (one-quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.25 Td (ton ) Tj ET Q q 0 0 0 rg BT 64.66 114.25 Td (of ) Tj ET Q q 0 0 0 rg BT 75.37 114.25 Td (coal, ) Tj ET Q q 0 0 0 rg BT 96.90 114.25 Td (in ) Tj ET Q q 0 0 0 rg BT 107.06 114.25 Td (order ) Tj ET Q q 0 0 0 rg BT 130.54 114.25 Td (to ) Tj ET Q q 0 0 0 rg BT 140.70 114.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 176.94 114.25 Td (the ) Tj ET Q q 0 0 0 rg BT 191.54 114.25 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 235.57 114.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 267.95 114.25 Td (of ) Tj ET Q q 0 0 0 rg BT 278.66 114.25 Td (electricity) Tj ET Q q 0 0 0 rg BT 317.98 114.25 Td (. ) Tj ET Q q 0 0 0 rg BT 322.69 114.25 Td (W) Tj ET Q q 0 0 0 rg BT 331.33 114.25 Td (e ) Tj ET Q q 0 0 0 rg BT 338.15 114.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 369.40 114.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 388.10 114.25 Td ( ) Tj ET Q q 0 0 0 rg BT 390.48 114.25 Td (is ) Tj ET Q q 0 0 0 rg BT 399.53 114.25 Td (also ) Tj ET Q q 0 0 0 rg BT 418.02 114.25 Td (an ) Tj ET Q q 0 0 0 rg BT 429.84 114.25 Td (important ) Tj ET Q q 0 0 0 rg BT 471.10 114.25 Td (component ) Tj ET Q q 0 0 0 rg BT 517.91 114.25 Td (of ) Tj ET Q q 0 0 0 rg BT 528.62 114.25 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.25 Td (and ) Tj ET Q q 0 0 0 rg BT 65.83 102.25 Td (community ) Tj ET Q q 0 0 0 rg BT 113.28 102.25 Td (ef) Tj ET Q q 0 0 0 rg BT 120.87 102.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 141.09 102.25 Td (to ) Tj ET Q q 0 0 0 rg BT 150.76 102.25 Td (divert ) Tj ET Q q 0 0 0 rg BT 175.98 102.25 Td (post-recycled ) Tj ET Q q 0 0 0 rg BT 231.74 102.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 256.40 102.25 Td (from ) Tj ET Q q 0 0 0 rg BT 277.74 102.25 Td (landfills ) Tj ET Q q 0 0 0 rg BT 312.41 102.25 Td (as ) Tj ET Q q 0 0 0 rg BT 322.63 102.25 Td (part ) Tj ET Q q 0 0 0 rg BT 340.07 102.25 Td (of ) Tj ET Q q 0 0 0 rg BT 350.30 102.25 Td (their ) Tj ET Q q 0 0 0 rg BT 370.52 102.25 Td (zero-waste ) Tj ET Q q 0 0 0 rg BT 415.72 102.25 Td (and ) Tj ET Q q 0 0 0 rg BT 432.05 102.25 Td (zero-waste-to-landfill ) Tj ET Q q 0 0 0 rg BT 520.57 102.25 Td (initiatives. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.25 Td (As ) Tj ET Q q 0 0 0 rg BT 63.97 90.25 Td (public ) Tj ET Q q 0 0 0 rg BT 92.33 90.25 Td (planners ) Tj ET Q q 0 0 0 rg BT 129.56 90.25 Td (and ) Tj ET Q q 0 0 0 rg BT 147.36 90.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 197.91 90.25 Td (and ) Tj ET Q q 0 0 0 rg BT 215.71 90.25 Td (industrial ) Tj ET Q q 0 0 0 rg BT 256.84 90.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 302.96 90.25 Td (address ) Tj ET Q q 0 0 0 rg BT 336.31 90.25 Td (their ) Tj ET Q q 0 0 0 rg BT 358.00 90.25 Td (needs ) Tj ET Q q 0 0 0 rg BT 384.12 90.25 Td (for ) Tj ET Q q 0 0 0 rg BT 399.14 90.25 Td (more ) Tj ET Q q 0 0 0 rg BT 423.05 90.25 Td (environmentally ) Tj ET Q q 0 0 0 rg BT 491.94 90.25 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 539.73 90.25 Td (waste ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.25 Td (management ) Tj ET Q q 0 0 0 rg BT 103.09 78.25 Td (and ) Tj ET Q q 0 0 0 rg BT 120.03 78.25 Td (ener) Tj ET Q q 0 0 0 rg BT 137.05 78.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 149.55 78.25 Td (generation ) Tj ET Q q 0 0 0 rg BT 194.26 78.25 Td (in ) Tj ET Q q 0 0 0 rg BT 204.53 78.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.25 78.25 Td (years ) Tj ET Q q 0 0 0 rg BT 242.85 78.25 Td (ahead, ) Tj ET Q q 0 0 0 rg BT 271.17 78.25 Td (we ) Tj ET Q q 0 0 0 rg BT 285.33 78.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 316.70 78.25 Td (that ) Tj ET Q q 0 0 0 rg BT 334.19 78.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 352.89 78.25 Td ( ) Tj ET Q q 0 0 0 rg BT 355.39 78.25 Td (will ) Tj ET Q q 0 0 0 rg BT 373.45 78.25 Td (be ) Tj ET Q q 0 0 0 rg BT 385.38 78.25 Td (an ) Tj ET Q q 0 0 0 rg BT 397.32 78.25 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 448.69 78.25 Td (attractive ) Tj ET Q q 0 0 0 rg BT 488.39 78.25 Td (alternative.) Tj ET Q endstream endobj 13 0 obj <>] /Rotate 0 /Contents 14 0 R>> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 20.60 Td (6) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (Other Environmental Services Of) Tj ET Q q 0 0 0 rg BT 187.38 740.25 Td (ferings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 722.25 Td (In ) Tj ET Q q 0 0 0 rg BT 69.80 722.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 105.55 722.25 Td (to ) Tj ET Q q 0 0 0 rg BT 116.30 722.25 Td (our ) Tj ET Q q 0 0 0 rg BT 132.60 722.25 Td (core ) Tj ET Q q 0 0 0 rg BT 152.77 722.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 171.47 722.25 Td ( ) Tj ET Q q 0 0 0 rg BT 174.44 722.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 213.81 722.25 Td (we ) Tj ET Q q 0 0 0 rg BT 228.44 722.25 Td (of) Tj ET Q q 0 0 0 rg BT 236.59 722.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 250.66 722.25 Td (a ) Tj ET Q q 0 0 0 rg BT 258.07 722.25 Td (variety ) Tj ET Q q 0 0 0 rg BT 288.80 722.25 Td (of ) Tj ET Q q 0 0 0 rg BT 300.10 722.25 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 347.51 722.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 373.25 722.25 Td (management ) Tj ET Q q 0 0 0 rg BT 427.31 722.25 Td (solutions ) Tj ET Q q 0 0 0 rg BT 466.40 722.25 Td (in ) Tj ET Q q 0 0 0 rg BT 477.15 722.25 Td (response ) Tj ET Q q 0 0 0 rg BT 515.11 722.25 Td (to ) Tj ET Q q 0 0 0 rg BT 525.86 722.25 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 710.25 Td (demand, ) Tj ET Q q 0 0 0 rg BT 84.97 710.25 Td (including ) Tj ET Q q 0 0 0 rg BT 124.05 710.25 Td (onsite ) Tj ET Q q 0 0 0 rg BT 149.25 710.25 Td (clean-up ) Tj ET Q q 0 0 0 rg BT 184.98 710.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 221.00 710.25 Td (wastewater ) Tj ET Q q 0 0 0 rg BT 267.28 710.25 Td (treatment, ) Tj ET Q q 0 0 0 rg BT 308.85 710.25 Td (transportation ) Tj ET Q q 0 0 0 rg BT 365.70 710.25 Td (and ) Tj ET Q q 0 0 0 rg BT 381.45 710.25 Td (logistics, ) Tj ET Q q 0 0 0 rg BT 418.60 710.25 Td (recycling ) Tj ET Q q 0 0 0 rg BT 457.11 710.25 Td (and ) Tj ET Q q 0 0 0 rg BT 472.86 710.25 Td (depackaging. ) Tj ET Q q 0 0 0 rg BT 527.10 710.25 Td (T) Tj ET Q q 0 0 0 rg BT 532.52 710.25 Td (ogether ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 698.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.62 698.25 Td (our ) Tj ET Q q 0 0 0 rg BT 87.29 698.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 133.40 698.25 Td (of ) Tj ET Q q 0 0 0 rg BT 145.07 698.25 Td (non-hazardous ) Tj ET Q q 0 0 0 rg BT 207.28 698.25 Td ("profiled ) Tj ET Q q 0 0 0 rg BT 246.36 698.25 Td (waste" ) Tj ET Q q 0 0 0 rg BT 276.55 698.25 Td (for ) Tj ET Q q 0 0 0 rg BT 291.55 698.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 330.45 698.25 Td (of ) Tj ET Q q 0 0 0 rg BT 342.12 698.25 Td (assured ) Tj ET Q q 0 0 0 rg BT 375.45 698.25 Td (destruction ) Tj ET Q q 0 0 0 rg BT 423.22 698.25 Td (or ) Tj ET Q q 0 0 0 rg BT 434.90 698.25 Td (sustainability ) Tj ET Q q 0 0 0 rg BT 491.57 698.25 Td (goals ) Tj ET Q q 0 0 0 rg BT 516.02 698.25 Td (in ) Tj ET Q q 0 0 0 rg BT 527.14 698.25 Td (our ) Tj ET Q q 0 0 0 rg BT 543.81 698.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 562.50 698.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 686.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 88.54 686.25 Td (we ) Tj ET Q q 0 0 0 rg BT 102.31 686.25 Td (of) Tj ET Q q 0 0 0 rg BT 110.46 686.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 123.67 686.25 Td (these ) Tj ET Q q 0 0 0 rg BT 146.33 686.25 Td (services ) Tj ET Q q 0 0 0 rg BT 180.65 686.25 Td (under ) Tj ET Q q 0 0 0 rg BT 205.52 686.25 Td (our ) Tj ET Q q 0 0 0 rg BT 220.97 686.25 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 256.40 686.25 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 317.94 686.25 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 357.84 686.25 Td (brand. ) Tj ET Q q 0 0 0 rg BT 385.07 686.25 Td (Through ) Tj ET Q q 0 0 0 rg BT 421.62 686.25 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 474.00 686.25 Td (we ) Tj ET Q q 0 0 0 rg BT 487.77 686.25 Td (have ) Tj ET Q q 0 0 0 rg BT 508.76 686.25 Td (expanded ) Tj ET Q q 0 0 0 rg BT 549.19 686.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 674.25 Td (network ) Tj ET Q q 0 0 0 rg BT 84.44 674.25 Td (of ) Tj ET Q q 0 0 0 rg BT 94.94 674.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 131.55 674.25 Td (to ) Tj ET Q q 0 0 0 rg BT 141.50 674.25 Td (enable ) Tj ET Q q 0 0 0 rg BT 169.76 674.25 Td (us ) Tj ET Q q 0 0 0 rg BT 180.83 674.25 Td (to ) Tj ET Q q 0 0 0 rg BT 190.78 674.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 223.50 674.25 Td (a ) Tj ET Q q 0 0 0 rg BT 230.11 674.25 Td (range ) Tj ET Q q 0 0 0 rg BT 254.49 674.25 Td (of ) Tj ET Q q 0 0 0 rg BT 264.99 674.25 Td (services ) Tj ET Q q 0 0 0 rg BT 299.37 674.25 Td (to ) Tj ET Q q 0 0 0 rg BT 309.32 674.25 Td (industrial ) Tj ET Q q 0 0 0 rg BT 349.27 674.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 391.99 674.25 Td (for ) Tj ET Q q 0 0 0 rg BT 405.82 674.25 Td (the ) Tj ET Q q 0 0 0 rg BT 420.21 674.25 Td (treatment, ) Tj ET Q q 0 0 0 rg BT 462.64 674.25 Td (recycling ) Tj ET Q q 0 0 0 rg BT 502.02 674.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 529.74 674.25 Td (disposal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 662.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.63 662.25 Td (their ) Tj ET Q q 0 0 0 rg BT 81.75 662.25 Td (non-hazardous ) Tj ET Q q 0 0 0 rg BT 143.42 662.25 Td (materials. ) Tj ET Q q 0 0 0 rg BT 185.17 662.25 Td (These ) Tj ET Q q 0 0 0 rg BT 211.84 662.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 256.86 662.25 Td (are ) Tj ET Q q 0 0 0 rg BT 271.87 662.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 300.23 662.25 Td (syner) Tj ET Q q 0 0 0 rg BT 321.71 662.25 Td (gistic ) Tj ET Q q 0 0 0 rg BT 346.17 662.25 Td (with ) Tj ET Q q 0 0 0 rg BT 366.75 662.25 Td (our ) Tj ET Q q 0 0 0 rg BT 382.88 662.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 417.34 662.25 Td (profiled ) Tj ET Q q 0 0 0 rg BT 451.80 662.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 477.36 662.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 516.56 662.25 Td (of) Tj ET Q q 0 0 0 rg BT 524.71 662.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 538.60 662.25 Td (us ) Tj ET Q q 0 0 0 rg BT 550.29 662.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 650.25 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 99.39 650.25 Td (to ) Tj ET Q q 0 0 0 rg BT 110.39 650.25 Td (expand ) Tj ET Q q 0 0 0 rg BT 142.50 650.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.94 650.25 Td (geographical ) Tj ET Q q 0 0 0 rg BT 212.80 650.25 Td (sourcing ) Tj ET Q q 0 0 0 rg BT 250.47 650.25 Td (of ) Tj ET Q q 0 0 0 rg BT 262.02 650.25 Td (our ) Tj ET Q q 0 0 0 rg BT 278.58 650.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 304.57 650.25 Td (streams ) Tj ET Q q 0 0 0 rg BT 338.34 650.25 Td (and ) Tj ET Q q 0 0 0 rg BT 356.01 650.25 Td (expand ) Tj ET Q q 0 0 0 rg BT 388.11 650.25 Td (our ) Tj ET Q q 0 0 0 rg BT 404.66 650.25 Td (presence ) Tj ET Q q 0 0 0 rg BT 442.86 650.25 Td (in ) Tj ET Q q 0 0 0 rg BT 453.87 650.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.31 650.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 530.29 650.25 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (sector) Tj ET Q q 0 0 0 rg BT 72.98 638.25 Td (, ) Tj ET Q q 0 0 0 rg BT 78.30 638.25 Td (allowing ) Tj ET Q q 0 0 0 rg BT 116.12 638.25 Td (us ) Tj ET Q q 0 0 0 rg BT 127.84 638.25 Td (to ) Tj ET Q q 0 0 0 rg BT 138.45 638.25 Td (drive ) Tj ET Q q 0 0 0 rg BT 161.82 638.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 190.19 638.25 Td (mar) Tj ET Q q 0 0 0 rg BT 205.56 638.25 Td (gin ) Tj ET Q q 0 0 0 rg BT 221.16 638.25 Td (profiled ) Tj ET Q q 0 0 0 rg BT 255.64 638.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 281.24 638.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 317.95 638.25 Td (into ) Tj ET Q q 0 0 0 rg BT 336.33 638.25 Td (our ) Tj ET Q q 0 0 0 rg BT 352.49 638.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 371.19 638.25 Td ( ) Tj ET Q q 0 0 0 rg BT 374.01 638.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 411.27 638.25 Td (and ) Tj ET Q q 0 0 0 rg BT 428.53 638.25 Td (access ) Tj ET Q q 0 0 0 rg BT 456.90 638.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 499.71 638.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 534.18 638.25 Td (growth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 626.25 Td (opportunities.) 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 49.5 606.68505859375 m 103.5869140625 606.68505859375 l s q 0 0 0 rg BT 49.50 608.25 Td (STRA) Tj ET Q q 0 0 0 rg BT 75.43 608.25 Td (TEGY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 590.25 Td (Each ) Tj ET Q q 0 0 0 rg BT 81.81 590.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.47 590.25 Td (our ) Tj ET Q q 0 0 0 rg BT 110.13 590.25 Td (service ) Tj ET Q q 0 0 0 rg BT 141.77 590.25 Td (of) Tj ET Q q 0 0 0 rg BT 149.92 590.25 Td (ferings ) Tj ET Q q 0 0 0 rg BT 181.02 590.25 Td (responds ) Tj ET Q q 0 0 0 rg BT 219.90 590.25 Td (to ) Tj ET Q q 0 0 0 rg BT 231.00 590.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 270.99 590.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 305.97 590.25 Td (for ) Tj ET Q q 0 0 0 rg BT 320.96 590.25 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 368.72 590.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 394.81 590.25 Td (management ) Tj ET Q q 0 0 0 rg BT 449.23 590.25 Td (services ) Tj ET Q q 0 0 0 rg BT 484.76 590.25 Td (that ) Tj ET Q q 0 0 0 rg BT 503.09 590.25 Td (are ) Tj ET Q q 0 0 0 rg BT 518.62 590.25 Td (superior ) Tj ET Q q 0 0 0 rg BT 554.72 590.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 578.25 Td (landfilling ) Tj ET Q q 0 0 0 rg BT 93.90 578.25 Td (according ) Tj ET Q q 0 0 0 rg BT 136.06 578.25 Td (to ) Tj ET Q q 0 0 0 rg BT 146.57 578.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.52 578.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 191.47 578.25 Td (hierarchy" ) Tj ET Q q 0 0 0 rg BT 236.04 578.25 Td (and ) Tj ET Q q 0 0 0 rg BT 253.21 578.25 Td (assists ) Tj ET Q q 0 0 0 rg BT 281.51 578.25 Td (our ) Tj ET Q q 0 0 0 rg BT 297.57 578.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 340.86 578.25 Td (in ) Tj ET Q q 0 0 0 rg BT 351.37 578.25 Td (meeting ) Tj ET Q q 0 0 0 rg BT 386.32 578.25 Td (their ) Tj ET Q q 0 0 0 rg BT 407.38 578.25 Td (own ) Tj ET Q q 0 0 0 rg BT 427.34 578.25 Td (zero-waste, ) Tj ET Q q 0 0 0 rg BT 475.88 578.25 Td (zero-waste-to-landfill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 566.25 Td (and ) Tj ET Q q 0 0 0 rg BT 65.34 566.25 Td (other ) Tj ET Q q 0 0 0 rg BT 87.29 566.25 Td (sustainability ) Tj ET Q q 0 0 0 rg BT 142.02 566.25 Td (goals. ) Tj ET Q q 0 0 0 rg BT 166.72 566.25 Td (As ) Tj ET Q q 0 0 0 rg BT 179.23 566.25 Td (indicated ) Tj ET Q q 0 0 0 rg BT 217.29 566.25 Td (above, ) Tj ET Q q 0 0 0 rg BT 245.06 566.25 Td (each ) Tj ET Q q 0 0 0 rg BT 264.78 566.25 Td (of ) Tj ET Q q 0 0 0 rg BT 274.51 566.25 Td (our ) Tj ET Q q 0 0 0 rg BT 289.24 566.25 Td (service ) Tj ET Q q 0 0 0 rg BT 318.96 566.25 Td (of) Tj ET Q q 0 0 0 rg BT 327.11 566.25 Td (ferings ) Tj ET Q q 0 0 0 rg BT 356.28 566.25 Td (is ) Tj ET Q q 0 0 0 rg BT 364.35 566.25 Td (focused ) Tj ET Q q 0 0 0 rg BT 396.85 566.25 Td (on ) Tj ET Q q 0 0 0 rg BT 408.25 566.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 448.54 566.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 466.05 566.25 Td (ef) Tj ET Q q 0 0 0 rg BT 473.64 566.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 502.24 566.25 Td (and ) Tj ET Q q 0 0 0 rg BT 518.08 566.25 Td (sustainable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 554.25 Td (solutions ) Tj ET Q q 0 0 0 rg BT 88.12 554.25 Td (that ) Tj ET Q q 0 0 0 rg BT 105.61 554.25 Td (leverage ) Tj ET Q q 0 0 0 rg BT 141.98 554.25 Td (our ) Tj ET Q q 0 0 0 rg BT 157.81 554.25 Td (extensive ) Tj ET Q q 0 0 0 rg BT 198.07 554.25 Td (network ) Tj ET Q q 0 0 0 rg BT 233.34 554.25 Td (of ) Tj ET Q q 0 0 0 rg BT 244.17 554.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 262.86 554.25 Td ( ) Tj ET Q q 0 0 0 rg BT 265.36 554.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 302.29 554.25 Td (and ) Tj ET Q q 0 0 0 rg BT 319.23 554.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 352.27 554.25 Td (stations ) Tj ET Q q 0 0 0 rg BT 385.33 554.25 Td (in ) Tj ET Q q 0 0 0 rg BT 395.60 554.25 Td (North ) Tj ET Q q 0 0 0 rg BT 420.88 554.25 Td (America. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 536.25 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 536.25 Td (e ) Tj ET Q q 0 0 0 rg BT 74.08 536.25 Td (intend ) Tj ET Q q 0 0 0 rg BT 101.57 536.25 Td (to ) Tj ET Q q 0 0 0 rg BT 111.85 536.25 Td (pursue ) Tj ET Q q 0 0 0 rg BT 141.01 536.25 Td (our ) Tj ET Q q 0 0 0 rg BT 156.84 536.25 Td (mission ) Tj ET Q q 0 0 0 rg BT 190.46 536.25 Td (through ) Tj ET Q q 0 0 0 rg BT 224.07 536.25 Td (the ) Tj ET Q q 0 0 0 rg BT 238.78 536.25 Td (following ) Tj ET Q q 0 0 0 rg BT 280.17 536.25 Td (key ) Tj ET Q q 0 0 0 rg BT 297.11 536.25 Td (strategies:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 518.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 518.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 77.13 518.25 Td (eserve ) Tj ET Q q 0 0 0 rg BT 104.94 518.25 Td (and ) Tj ET Q q 0 0 0 rg BT 122.21 518.25 Td (gr) Tj ET Q q 0 0 0 rg BT 130.73 518.25 Td (ow ) Tj ET Q q 0 0 0 rg BT 144.67 518.25 Td (the ) Tj ET Q q 0 0 0 rg BT 159.16 518.25 Td (value ) Tj ET Q q 0 0 0 rg BT 183.09 518.25 Td (of ) Tj ET Q q 0 0 0 rg BT 193.14 518.25 Td (our ) Tj ET Q q 0 0 0 rg BT 209.30 518.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 242.68 518.25 Td (portfolio.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.18 518.25 Td ( ) Tj ET Q q 0 0 0 rg BT 282.29 518.25 Td (W) Tj ET Q q 0 0 0 rg BT 290.93 518.25 Td (e ) Tj ET Q q 0 0 0 rg BT 297.64 518.25 Td (intend ) Tj ET Q q 0 0 0 rg BT 324.91 518.25 Td (to ) Tj ET Q q 0 0 0 rg BT 334.96 518.25 Td (maximize ) Tj ET Q q 0 0 0 rg BT 376.66 518.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.15 518.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 432.85 518.25 Td (value ) Tj ET Q q 0 0 0 rg BT 456.78 518.25 Td (of ) Tj ET Q q 0 0 0 rg BT 467.38 518.25 Td (our ) Tj ET Q q 0 0 0 rg BT 482.98 518.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 516.92 518.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 554.19 518.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 506.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 105.07 506.25 Td (by ) Tj ET Q q 0 0 0 rg BT 118.20 506.25 Td (continuously ) Tj ET Q q 0 0 0 rg BT 173.01 506.25 Td (improving ) Tj ET Q q 0 0 0 rg BT 217.81 506.25 Td (safety) Tj ET Q q 0 0 0 rg BT 241.04 506.25 Td (, ) Tj ET Q q 0 0 0 rg BT 246.67 506.25 Td (health ) Tj ET Q q 0 0 0 rg BT 274.24 506.25 Td (and ) Tj ET Q q 0 0 0 rg BT 291.82 506.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 352.71 506.25 Td (performance, ) Tj ET Q q 0 0 0 rg BT 408.87 506.25 Td (working ) Tj ET Q q 0 0 0 rg BT 445.34 506.25 Td (to ) Tj ET Q q 0 0 0 rg BT 456.26 506.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 489.94 506.25 Td (superior ) Tj ET Q q 0 0 0 rg BT 525.85 506.25 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 494.25 Td (service, ) Tj ET Q q 0 0 0 rg BT 100.08 494.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 144.61 494.25 Td (to ) Tj ET Q q 0 0 0 rg BT 154.15 494.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 185.34 494.25 Td (at ) Tj ET Q q 0 0 0 rg BT 194.32 494.25 Td (our ) Tj ET Q q 0 0 0 rg BT 209.41 494.25 Td (historic ) Tj ET Q q 0 0 0 rg BT 241.17 494.25 Td (production ) Tj ET Q q 0 0 0 rg BT 286.25 494.25 Td (levels, ) Tj ET Q q 0 0 0 rg BT 313.84 494.25 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 363.37 494.25 Td (our ) Tj ET Q q 0 0 0 rg BT 378.46 494.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 414.65 494.25 Td (in ) Tj ET Q q 0 0 0 rg BT 424.19 494.25 Td (optimal ) Tj ET Q q 0 0 0 rg BT 456.50 494.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 498.54 494.25 Td (extending ) Tj ET Q q 0 0 0 rg BT 539.74 494.25 Td (waste ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 482.25 Td (and ) Tj ET Q q 0 0 0 rg BT 84.58 482.25 Td (service ) Tj ET Q q 0 0 0 rg BT 115.54 482.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 156.78 482.25 Td (and ) Tj ET Q q 0 0 0 rg BT 173.86 482.25 Td (conducting ) Tj ET Q q 0 0 0 rg BT 220.94 482.25 Td (our ) Tj ET Q q 0 0 0 rg BT 236.91 482.25 Td (business ) Tj ET Q q 0 0 0 rg BT 273.45 482.25 Td (more ) Tj ET Q q 0 0 0 rg BT 296.64 482.25 Td (ef) Tj ET Q q 0 0 0 rg BT 304.23 482.25 Td (ficiently) Tj ET Q q 0 0 0 rg BT 336.90 482.25 Td (. ) Tj ET Q q 0 0 0 rg BT 341.85 482.25 Td (W) Tj ET Q q 0 0 0 rg BT 350.49 482.25 Td (e ) Tj ET Q q 0 0 0 rg BT 357.57 482.25 Td (intend ) Tj ET Q q 0 0 0 rg BT 385.21 482.25 Td (to ) Tj ET Q q 0 0 0 rg BT 395.63 482.25 Td (achieve ) Tj ET Q q 0 0 0 rg BT 428.81 482.25 Td (or) Tj ET Q q 0 0 0 rg BT 436.96 482.25 Td (ganic ) Tj ET Q q 0 0 0 rg BT 461.26 482.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 492.23 482.25 Td (by ) Tj ET Q q 0 0 0 rg BT 504.88 482.25 Td (expanding ) Tj ET Q q 0 0 0 rg BT 549.18 482.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 470.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 107.01 470.25 Td (base, ) Tj ET Q q 0 0 0 rg BT 130.13 470.25 Td (service ) Tj ET Q q 0 0 0 rg BT 161.30 470.25 Td (of) Tj ET Q q 0 0 0 rg BT 169.45 470.25 Td (ferings ) Tj ET Q q 0 0 0 rg BT 200.07 470.25 Td (and ) Tj ET Q q 0 0 0 rg BT 217.36 470.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 242.43 470.25 Td (recovery) Tj ET Q q 0 0 0 rg BT 276.75 470.25 Td (, ) Tj ET Q q 0 0 0 rg BT 282.10 470.25 Td (adding ) Tj ET Q q 0 0 0 rg BT 312.17 470.25 Td (waste, ) Tj ET Q q 0 0 0 rg BT 340.30 470.25 Td (service ) Tj ET Q q 0 0 0 rg BT 371.46 470.25 Td (or ) Tj ET Q q 0 0 0 rg BT 382.65 470.25 Td (ener) Tj ET Q q 0 0 0 rg BT 399.67 470.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 412.53 470.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 453.97 470.25 Td (investing ) Tj ET Q q 0 0 0 rg BT 493.49 470.25 Td (in ) Tj ET Q q 0 0 0 rg BT 504.12 470.25 Td (and ) Tj ET Q q 0 0 0 rg BT 521.42 470.25 Td (enhancing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 458.25 Td (the ) Tj ET Q q 0 0 0 rg BT 83.20 458.25 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 132.21 458.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.02 458.25 Td (our ) Tj ET Q q 0 0 0 rg BT 160.83 458.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 195.97 458.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 225.28 458.25 Td (and ) Tj ET Q q 0 0 0 rg BT 243.20 458.25 Td (deploying ) Tj ET Q q 0 0 0 rg BT 286.67 458.25 Td (new ) Tj ET Q q 0 0 0 rg BT 306.81 458.25 Td (or ) Tj ET Q q 0 0 0 rg BT 318.62 458.25 Td (improved ) Tj ET Q q 0 0 0 rg BT 360.43 458.25 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 416.95 458.25 Td (systems, ) Tj ET Q q 0 0 0 rg BT 454.60 458.25 Td (processes ) Tj ET Q q 0 0 0 rg BT 496.40 458.25 Td (and ) Tj ET Q q 0 0 0 rg BT 514.31 458.25 Td (controls, ) Tj ET Q q 0 0 0 rg BT 552.51 458.25 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 446.25 Td (tar) Tj ET Q q 0 0 0 rg BT 77.87 446.25 Td (geted ) Tj ET Q q 0 0 0 rg BT 102.02 446.25 Td (at ) Tj ET Q q 0 0 0 rg BT 111.74 446.25 Td (increasing ) Tj ET Q q 0 0 0 rg BT 155.33 446.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 189.48 446.25 Td (or ) Tj ET Q q 0 0 0 rg BT 200.31 446.25 Td (reducing ) Tj ET Q q 0 0 0 rg BT 237.79 446.25 Td (costs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 428.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 428.25 Td (Expand ) Tj ET Q q 0 0 0 rg BT 101.43 428.25 Td (thr) Tj ET Q q 0 0 0 rg BT 112.73 428.25 Td (ough ) Tj ET Q q 0 0 0 rg BT 136.11 428.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 187.82 428.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 217.87 428.25 Td (development ) Tj ET Q q 0 0 0 rg BT 271.78 428.25 Td (in ) Tj ET Q q 0 0 0 rg BT 282.94 428.25 Td (selected ) Tj ET Q q 0 0 0 rg BT 318.53 428.25 Td (attractive ) Tj ET Q q 0 0 0 rg BT 360.23 428.25 Td (markets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.39 428.25 Td ( ) Tj ET Q q 0 0 0 rg BT 397.52 428.25 Td (W) Tj ET Q q 0 0 0 rg BT 406.16 428.25 Td (e ) Tj ET Q q 0 0 0 rg BT 413.98 428.25 Td (seek ) Tj ET Q q 0 0 0 rg BT 435.13 428.25 Td (to ) Tj ET Q q 0 0 0 rg BT 446.29 428.25 Td (grow ) Tj ET Q q 0 0 0 rg BT 470.22 428.25 Td (our ) Tj ET Q q 0 0 0 rg BT 486.93 428.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 525.30 428.25 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 416.25 Td (through ) Tj ET Q q 0 0 0 rg BT 101.22 416.25 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 154.11 416.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 203.93 416.25 Td (bids ) Tj ET Q q 0 0 0 rg BT 223.21 416.25 Td (for ) Tj ET Q q 0 0 0 rg BT 237.49 416.25 Td (new ) Tj ET Q q 0 0 0 rg BT 256.76 416.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 297.97 416.25 Td (and ) Tj ET Q q 0 0 0 rg BT 315.02 416.25 Td (development ) Tj ET Q q 0 0 0 rg BT 369.29 416.25 Td (of ) Tj ET Q q 0 0 0 rg BT 380.23 416.25 Td (new ) Tj ET Q q 0 0 0 rg BT 399.50 416.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 436.55 416.25 Td (or ) Tj ET Q q 0 0 0 rg BT 447.49 416.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 492.33 416.25 Td (where ) Tj ET Q q 0 0 0 rg BT 519.37 416.25 Td (we ) Tj ET Q q 0 0 0 rg BT 533.64 416.25 Td (believe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 404.25 Td (that ) Tj ET Q q 0 0 0 rg BT 85.37 404.25 Td (market ) Tj ET Q q 0 0 0 rg BT 116.02 404.25 Td (and ) Tj ET Q q 0 0 0 rg BT 133.33 404.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 177.30 404.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 221.85 404.25 Td (will ) Tj ET Q q 0 0 0 rg BT 240.28 404.25 Td (enable ) Tj ET Q q 0 0 0 rg BT 269.26 404.25 Td (us ) Tj ET Q q 0 0 0 rg BT 281.03 404.25 Td (to ) Tj ET Q q 0 0 0 rg BT 291.68 404.25 Td (utilize ) Tj ET Q q 0 0 0 rg BT 319.55 404.25 Td (our ) Tj ET Q q 0 0 0 rg BT 335.76 404.25 Td (skills ) Tj ET Q q 0 0 0 rg BT 359.76 404.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 388.18 404.25 Td (invest ) Tj ET Q q 0 0 0 rg BT 414.95 404.25 Td (our ) Tj ET Q q 0 0 0 rg BT 431.15 404.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 460.68 404.25 Td (at ) Tj ET Q q 0 0 0 rg BT 470.78 404.25 Td (attractive ) Tj ET Q q 0 0 0 rg BT 510.85 404.25 Td (risk-adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 392.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 88.75 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 99.45 392.25 Td (return. ) Tj ET Q q 0 0 0 rg BT 128.03 392.25 Td (W) Tj ET Q q 0 0 0 rg BT 136.67 392.25 Td (e ) Tj ET Q q 0 0 0 rg BT 143.48 392.25 Td (focus ) Tj ET Q q 0 0 0 rg BT 167.51 392.25 Td (these ) Tj ET Q q 0 0 0 rg BT 190.43 392.25 Td (ef) Tj ET Q q 0 0 0 rg BT 198.02 392.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 218.73 392.25 Td (in ) Tj ET Q q 0 0 0 rg BT 228.88 392.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 262.90 392.25 Td (where ) Tj ET Q q 0 0 0 rg BT 289.71 392.25 Td (we ) Tj ET Q q 0 0 0 rg BT 303.74 392.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 342.21 392.25 Td (have ) Tj ET Q q 0 0 0 rg BT 363.46 392.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 397.48 392.25 Td (in ) Tj ET Q q 0 0 0 rg BT 407.64 392.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 447.77 392.25 Td (or ) Tj ET Q q 0 0 0 rg BT 458.48 392.25 Td (under ) Tj ET Q q 0 0 0 rg BT 483.62 392.25 Td (construction, ) Tj ET Q q 0 0 0 rg BT 537.92 392.25 Td (and ) Tj ET Q q 0 0 0 rg BT 554.74 392.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 380.25 Td (other ) Tj ET Q q 0 0 0 rg BT 90.52 380.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 124.65 380.25 Td (with ) Tj ET Q q 0 0 0 rg BT 144.90 380.25 Td (strong ) Tj ET Q q 0 0 0 rg BT 172.37 380.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 213.71 380.25 Td (fundamentals ) Tj ET Q q 0 0 0 rg BT 270.06 380.25 Td (and ) Tj ET Q q 0 0 0 rg BT 286.97 380.25 Td (predictable ) Tj ET Q q 0 0 0 rg BT 333.86 380.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 355.77 380.25 Td (and ) Tj ET Q q 0 0 0 rg BT 372.68 380.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 400.14 380.25 Td (support. ) Tj ET Q q 0 0 0 rg BT 435.12 380.25 Td (In ) Tj ET Q q 0 0 0 rg BT 445.92 380.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 481.16 380.25 Td (to ) Tj ET Q q 0 0 0 rg BT 491.41 380.25 Td (our ) Tj ET Q q 0 0 0 rg BT 507.22 380.25 Td (focus ) Tj ET Q q 0 0 0 rg BT 531.35 380.25 Td (on ) Tj ET Q q 0 0 0 rg BT 543.82 380.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 562.52 380.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 368.25 Td (and ) Tj ET Q q 0 0 0 rg BT 85.22 368.25 Td (related ) Tj ET Q q 0 0 0 rg BT 115.70 368.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 141.75 368.25 Td (sourcing ) Tj ET Q q 0 0 0 rg BT 179.47 368.25 Td (activities, ) Tj ET Q q 0 0 0 rg BT 221.35 368.25 Td (we ) Tj ET Q q 0 0 0 rg BT 236.29 368.25 Td (are ) Tj ET Q q 0 0 0 rg BT 251.78 368.25 Td (seeking ) Tj ET Q q 0 0 0 rg BT 285.60 368.25 Td (to ) Tj ET Q q 0 0 0 rg BT 296.66 368.25 Td (expand ) Tj ET Q q 0 0 0 rg BT 328.82 368.25 Td (our ) Tj ET Q q 0 0 0 rg BT 345.43 368.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 406.47 368.25 Td (service ) Tj ET Q q 0 0 0 rg BT 438.06 368.25 Td (of) Tj ET Q q 0 0 0 rg BT 446.21 368.25 Td (ferings ) Tj ET Q q 0 0 0 rg BT 477.26 368.25 Td (through ) Tj ET Q q 0 0 0 rg BT 511.65 368.25 Td (both ) Tj ET Q q 0 0 0 rg BT 532.71 368.25 Td (or) Tj ET Q q 0 0 0 rg BT 540.86 368.25 Td (ganic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 356.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 98.33 356.25 Td (and ) Tj ET Q q 0 0 0 rg BT 115.27 356.25 Td (acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 338.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 338.25 Td (e ) Tj ET Q q 0 0 0 rg BT 83.13 338.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 114.55 338.25 Td (that ) Tj ET Q q 0 0 0 rg BT 132.09 338.25 Td (our ) Tj ET Q q 0 0 0 rg BT 147.97 338.25 Td (approach ) Tj ET Q q 0 0 0 rg BT 187.17 338.25 Td (to ) Tj ET Q q 0 0 0 rg BT 197.50 338.25 Td (these ) Tj ET Q q 0 0 0 rg BT 220.60 338.25 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 275.92 338.25 Td (is ) Tj ET Q q 0 0 0 rg BT 285.14 338.25 Td (highly-disciplined, ) Tj ET Q q 0 0 0 rg BT 362.96 338.25 Td (both ) Tj ET Q q 0 0 0 rg BT 383.29 338.25 Td (with ) Tj ET Q q 0 0 0 rg BT 403.62 338.25 Td (regard ) Tj ET Q q 0 0 0 rg BT 431.70 338.25 Td (to ) Tj ET Q q 0 0 0 rg BT 442.03 338.25 Td (our ) Tj ET Q q 0 0 0 rg BT 457.91 338.25 Td (required ) Tj ET Q q 0 0 0 rg BT 493.78 338.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 515.21 338.25 Td (of ) Tj ET Q q 0 0 0 rg BT 526.09 338.25 Td (return ) Tj ET Q q 0 0 0 rg BT 552.51 338.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 326.25 Td (invested ) Tj ET Q q 0 0 0 rg BT 103.33 326.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 132.48 326.25 Td (and ) Tj ET Q q 0 0 0 rg BT 149.41 326.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.13 326.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 196.62 326.25 Td (in ) Tj ET Q q 0 0 0 rg BT 206.89 326.25 Td (which ) Tj ET Q q 0 0 0 rg BT 233.83 326.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 271.32 326.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 308.25 326.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 352.97 326.25 Td (or ) Tj ET Q q 0 0 0 rg BT 363.80 326.25 Td (new ) Tj ET Q q 0 0 0 rg BT 382.96 326.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 417.11 326.25 Td (will ) Tj ET Q q 0 0 0 rg BT 435.17 326.25 Td (be ) Tj ET Q q 0 0 0 rg BT 447.11 326.25 Td (structured ) Tj ET Q q 0 0 0 rg BT 489.59 326.25 Td (and ) Tj ET Q q 0 0 0 rg BT 506.53 326.25 Td (financed. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 58.50 308.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 308.25 Td (Develop ) Tj ET Q q 0 0 0 rg BT 103.15 308.25 Td (and ) Tj ET Q q 0 0 0 rg BT 120.48 308.25 Td (commer) Tj ET Q q 0 0 0 rg BT 152.32 308.25 Td (cialize ) Tj ET Q q 0 0 0 rg BT 180.75 308.25 Td (new ) Tj ET Q q 0 0 0 rg BT 199.19 308.25 Td (technology) Tj ET Q q 0 0 0 rg BT 242.51 308.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.01 308.25 Td ( ) Tj ET Q q 0 0 0 rg BT 247.18 308.25 Td (W) Tj ET Q q 0 0 0 rg BT 255.82 308.25 Td (e ) Tj ET Q q 0 0 0 rg BT 262.59 308.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 293.79 308.25 Td (that ) Tj ET Q q 0 0 0 rg BT 311.12 308.25 Td (our ) Tj ET Q q 0 0 0 rg BT 326.78 308.25 Td (ef) Tj ET Q q 0 0 0 rg BT 334.37 308.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 355.03 308.25 Td (to ) Tj ET Q q 0 0 0 rg BT 365.14 308.25 Td (protect ) Tj ET Q q 0 0 0 rg BT 395.23 308.25 Td (and ) Tj ET Q q 0 0 0 rg BT 412.00 308.25 Td (expand ) Tj ET Q q 0 0 0 rg BT 443.21 308.25 Td (our ) Tj ET Q q 0 0 0 rg BT 458.87 308.25 Td (business ) Tj ET Q q 0 0 0 rg BT 495.10 308.25 Td (will ) Tj ET Q q 0 0 0 rg BT 512.98 308.25 Td (be ) Tj ET Q q 0 0 0 rg BT 524.75 308.25 Td (enhanced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 296.25 Td (by ) Tj ET Q q 0 0 0 rg BT 79.71 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 94.15 296.25 Td (development ) Tj ET Q q 0 0 0 rg BT 148.01 296.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.55 296.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 200.76 296.25 Td (technologies ) Tj ET Q q 0 0 0 rg BT 253.52 296.25 Td (in ) Tj ET Q q 0 0 0 rg BT 263.51 296.25 Td (such ) Tj ET Q q 0 0 0 rg BT 284.05 296.25 Td (fields ) Tj ET Q q 0 0 0 rg BT 308.48 296.25 Td (as ) Tj ET Q q 0 0 0 rg BT 319.03 296.25 Td (recycling, ) Tj ET Q q 0 0 0 rg BT 360.94 296.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 405.36 296.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 430.34 296.25 Td (treatment ) Tj ET Q q 0 0 0 rg BT 470.31 296.25 Td (processes, ) Tj ET Q q 0 0 0 rg BT 513.35 296.25 Td (gasification, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 284.25 Td (combustion ) Tj ET Q q 0 0 0 rg BT 118.87 284.25 Td (controls, ) Tj ET Q q 0 0 0 rg BT 158.29 284.25 Td (emission ) Tj ET Q q 0 0 0 rg BT 198.55 284.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 235.47 284.25 Td (and ) Tj ET Q q 0 0 0 rg BT 254.61 284.25 Td (residue ) Tj ET Q q 0 0 0 rg BT 288.19 284.25 Td (recovery) Tj ET Q q 0 0 0 rg BT 322.52 284.25 Td (, ) Tj ET Q q 0 0 0 rg BT 329.72 284.25 Td (reuse ) Tj ET Q q 0 0 0 rg BT 355.52 284.25 Td (or ) Tj ET Q q 0 0 0 rg BT 368.56 284.25 Td (disposal. ) Tj ET Q q 0 0 0 rg BT 408.20 284.25 Td (W) Tj ET Q q 0 0 0 rg BT 416.84 284.25 Td (e ) Tj ET Q q 0 0 0 rg BT 425.98 284.25 Td (have ) Tj ET Q q 0 0 0 rg BT 449.56 284.25 Td (advanced ) Tj ET Q q 0 0 0 rg BT 492.02 284.25 Td (our ) Tj ET Q q 0 0 0 rg BT 510.05 284.25 Td (research ) Tj ET Q q 0 0 0 rg BT 548.06 284.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 272.25 Td (development ) Tj ET Q q 0 0 0 rg BT 121.56 272.25 Td (ef) Tj ET Q q 0 0 0 rg BT 129.15 272.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 149.89 272.25 Td (in ) Tj ET Q q 0 0 0 rg BT 160.08 272.25 Td (some ) Tj ET Q q 0 0 0 rg BT 183.60 272.25 Td (of ) Tj ET Q q 0 0 0 rg BT 194.34 272.25 Td (these ) Tj ET Q q 0 0 0 rg BT 217.30 272.25 Td (areas ) Tj ET Q q 0 0 0 rg BT 240.25 272.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 274.86 272.25 Td (to ) Tj ET Q q 0 0 0 rg BT 285.05 272.25 Td (our ) Tj ET Q q 0 0 0 rg BT 300.79 272.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 319.49 272.25 Td ( ) Tj ET Q q 0 0 0 rg BT 321.90 272.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 360.70 272.25 Td (and ) Tj ET Q q 0 0 0 rg BT 377.55 272.25 Td (have ) Tj ET Q q 0 0 0 rg BT 398.84 272.25 Td (patents ) Tj ET Q q 0 0 0 rg BT 429.58 272.25 Td (and ) Tj ET Q q 0 0 0 rg BT 446.42 272.25 Td (patents ) Tj ET Q q 0 0 0 rg BT 477.16 272.25 Td (pending ) Tj ET Q q 0 0 0 rg BT 511.79 272.25 Td (for ) Tj ET Q q 0 0 0 rg BT 525.86 272.25 Td (advances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 260.25 Td (in ) Tj ET Q q 0 0 0 rg BT 77.78 260.25 Td (controlling ) Tj ET Q q 0 0 0 rg BT 124.16 260.25 Td (emissions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 242.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 242.25 Td (Advocate ) Tj ET Q q 0 0 0 rg BT 107.82 242.25 Td (for ) Tj ET Q q 0 0 0 rg BT 122.62 242.25 Td (public ) Tj ET Q q 0 0 0 rg BT 150.73 242.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 178.29 242.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 219.74 242.25 Td (to ) Tj ET Q q 0 0 0 rg BT 230.64 242.25 Td (EfW ) Tj ET Q q 0 0 0 rg BT 250.98 242.25 Td (and ) Tj ET Q q 0 0 0 rg BT 269.10 242.25 Td (other ) Tj ET Q q 0 0 0 rg BT 293.33 242.25 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 342.01 242.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 367.91 242.25 Td (solutions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.53 242.25 Td ( ) Tj ET Q q 0 0 0 rg BT 409.43 242.25 Td (W) Tj ET Q q 0 0 0 rg BT 418.07 242.25 Td (e ) Tj ET Q q 0 0 0 rg BT 425.63 242.25 Td (seek ) Tj ET Q q 0 0 0 rg BT 446.52 242.25 Td (to ) Tj ET Q q 0 0 0 rg BT 457.42 242.25 Td (educate ) Tj ET Q q 0 0 0 rg BT 491.07 242.25 Td (policymakers ) Tj ET Q q 0 0 0 rg BT 548.07 242.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 230.25 Td (regulators ) Tj ET Q q 0 0 0 rg BT 110.49 230.25 Td (about ) Tj ET Q q 0 0 0 rg BT 135.71 230.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.92 230.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 211.69 230.25 Td (and ) Tj ET Q q 0 0 0 rg BT 229.13 230.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 271.00 230.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 305.66 230.25 Td (of ) Tj ET Q q 0 0 0 rg BT 316.99 230.25 Td (ener) Tj ET Q q 0 0 0 rg BT 334.02 230.25 Td (gy-from-waste ) Tj ET Q q 0 0 0 rg BT 395.88 230.25 Td (and ) Tj ET Q q 0 0 0 rg BT 413.33 230.25 Td (advocate ) Tj ET Q q 0 0 0 rg BT 451.86 230.25 Td (for ) Tj ET Q q 0 0 0 rg BT 466.52 230.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 500.63 230.25 Td (and ) Tj ET Q q 0 0 0 rg BT 518.07 230.25 Td (regulations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 218.25 Td (that ) Tj ET Q q 0 0 0 rg BT 84.70 218.25 Td (appropriately ) Tj ET Q q 0 0 0 rg BT 140.21 218.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 167.94 218.25 Td (these ) Tj ET Q q 0 0 0 rg BT 190.69 218.25 Td (benefits. ) Tj ET Q q 0 0 0 rg BT 227.05 218.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 244.80 218.25 Td (business ) Tj ET Q q 0 0 0 rg BT 280.89 218.25 Td (is ) Tj ET Q q 0 0 0 rg BT 289.76 218.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 317.52 218.25 Td (regulated, ) Tj ET Q q 0 0 0 rg BT 359.42 218.25 Td (and ) Tj ET Q q 0 0 0 rg BT 376.06 218.25 Td (as ) Tj ET Q q 0 0 0 rg BT 386.59 218.25 Td (such ) Tj ET Q q 0 0 0 rg BT 407.13 218.25 Td (we ) Tj ET Q q 0 0 0 rg BT 420.99 218.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 452.06 218.25 Td (that ) Tj ET Q q 0 0 0 rg BT 469.26 218.25 Td (it ) Tj ET Q q 0 0 0 rg BT 477.01 218.25 Td (is ) Tj ET Q q 0 0 0 rg BT 485.89 218.25 Td (critically ) Tj ET Q q 0 0 0 rg BT 523.62 218.25 Td (important ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 206.25 Td (for ) Tj ET Q q 0 0 0 rg BT 81.30 206.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 94.83 206.25 Td (as ) Tj ET Q q 0 0 0 rg BT 105.30 206.25 Td (an ) Tj ET Q q 0 0 0 rg BT 116.88 206.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 151.79 206.25 Td (leader) Tj ET Q q 0 0 0 rg BT 175.82 206.25 Td (, ) Tj ET Q q 0 0 0 rg BT 180.45 206.25 Td (to ) Tj ET Q q 0 0 0 rg BT 190.37 206.25 Td (play ) Tj ET Q q 0 0 0 rg BT 209.73 206.25 Td (an ) Tj ET Q q 0 0 0 rg BT 221.30 206.25 Td (active ) Tj ET Q q 0 0 0 rg BT 247.31 206.25 Td (role ) Tj ET Q q 0 0 0 rg BT 265.00 206.25 Td (in ) Tj ET Q q 0 0 0 rg BT 274.92 206.25 Td (the ) Tj ET Q q 0 0 0 rg BT 289.27 206.25 Td (debates ) Tj ET Q q 0 0 0 rg BT 321.40 206.25 Td (surrounding ) Tj ET Q q 0 0 0 rg BT 371.87 206.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 408.99 206.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 436.13 206.25 Td (developments ) Tj ET Q q 0 0 0 rg BT 493.81 206.25 Td (that ) Tj ET Q q 0 0 0 rg BT 510.94 206.25 Td (could ) Tj ET Q q 0 0 0 rg BT 535.30 206.25 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 194.25 Td (our ) Tj ET Q q 0 0 0 rg BT 83.33 194.25 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 176.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 176.25 Td (Maintain ) Tj ET Q q 0 0 0 rg BT 108.16 176.25 Td (a ) Tj ET Q q 0 0 0 rg BT 117.15 176.25 Td (focus ) Tj ET Q q 0 0 0 rg BT 142.25 176.25 Td (on ) Tj ET Q q 0 0 0 rg BT 156.24 176.25 Td (sustainability) Tj ET Q q 0 0 0 rg BT 209.58 176.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.07 176.25 Td (Providing ) Tj ET Q q 0 0 0 rg BT 259.51 176.25 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 307.94 176.25 Td (waste, ) Tj ET Q q 0 0 0 rg BT 337.20 176.25 Td (materials, ) Tj ET Q q 0 0 0 rg BT 380.34 176.25 Td (and ) Tj ET Q q 0 0 0 rg BT 398.77 176.25 Td (ener) Tj ET Q q 0 0 0 rg BT 415.80 176.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 429.79 176.25 Td (services ) Tj ET Q q 0 0 0 rg BT 465.99 176.25 Td (to ) Tj ET Q q 0 0 0 rg BT 477.76 176.25 Td (our ) Tj ET Q q 0 0 0 rg BT 495.08 176.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 539.62 176.25 Td (is ) Tj ET Q q 0 0 0 rg BT 550.29 176.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 164.25 Td (cornerstone ) Tj ET Q q 0 0 0 rg BT 117.90 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 129.98 164.25 Td (our ) Tj ET Q q 0 0 0 rg BT 147.06 164.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 187.20 164.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 206.50 164.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 248.00 164.25 Td (culture ) Tj ET Q q 0 0 0 rg BT 279.52 164.25 Td (is ) Tj ET Q q 0 0 0 rg BT 289.94 164.25 Td (focused ) Tj ET Q q 0 0 0 rg BT 324.79 164.25 Td (on ) Tj ET Q q 0 0 0 rg BT 338.54 164.25 Td (the ) Tj ET Q q 0 0 0 rg BT 354.50 164.25 Td (triple ) Tj ET Q q 0 0 0 rg BT 379.36 164.25 Td (bottom ) Tj ET Q q 0 0 0 rg BT 411.44 164.25 Td (line ) Tj ET Q q 0 0 0 rg BT 430.19 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 442.27 164.25 Td (sustainability ) Tj ET Q q 0 0 0 rg BT 499.35 164.25 Td (\(people, ) Tj ET Q q 0 0 0 rg BT 535.58 164.25 Td (planet, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 152.25 Td (prosperity\) ) Tj ET Q q 0 0 0 rg BT 114.13 152.25 Td (in ) Tj ET Q q 0 0 0 rg BT 124.66 152.25 Td (support ) Tj ET Q q 0 0 0 rg BT 157.41 152.25 Td (of ) Tj ET Q q 0 0 0 rg BT 168.49 152.25 Td (our ) Tj ET Q q 0 0 0 rg BT 184.57 152.25 Td (mission. ) Tj ET Q q 0 0 0 rg BT 220.94 152.25 Td (In ) Tj ET Q q 0 0 0 rg BT 232.02 152.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 267.55 152.25 Td (to ) Tj ET Q q 0 0 0 rg BT 278.08 152.25 Td (robust ) Tj ET Q q 0 0 0 rg BT 305.83 152.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 343.56 152.25 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 385.47 152.25 Td (we ) Tj ET Q q 0 0 0 rg BT 399.88 152.25 Td (are ) Tj ET Q q 0 0 0 rg BT 414.84 152.25 Td (committed ) Tj ET Q q 0 0 0 rg BT 460.36 152.25 Td (to ) Tj ET Q q 0 0 0 rg BT 470.89 152.25 Td (transparently ) Tj ET Q q 0 0 0 rg BT 525.84 152.25 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 140.25 Td (our ) Tj ET Q q 0 0 0 rg BT 82.59 140.25 Td (environmental, ) Tj ET Q q 0 0 0 rg BT 144.62 140.25 Td (social ) Tj ET Q q 0 0 0 rg BT 169.71 140.25 Td (and ) Tj ET Q q 0 0 0 rg BT 185.91 140.25 Td (governance ) Tj ET Q q 0 0 0 rg BT 233.76 140.25 Td (standards, ) Tj ET Q q 0 0 0 rg BT 275.79 140.25 Td (policies, ) Tj ET Q q 0 0 0 rg BT 311.16 140.25 Td (and ) Tj ET Q q 0 0 0 rg BT 327.36 140.25 Td (performance, ) Tj ET Q q 0 0 0 rg BT 382.15 140.25 Td (including ) Tj ET Q q 0 0 0 rg BT 421.68 140.25 Td (through ) Tj ET Q q 0 0 0 rg BT 454.56 140.25 Td (our ) Tj ET Q q 0 0 0 rg BT 469.65 140.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 509.17 140.25 Td (sustainability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 128.25 Td (report. ) Tj ET Q q 0 0 0 rg BT 96.20 128.25 Td (W) Tj ET Q q 0 0 0 rg BT 104.83 128.25 Td (e ) Tj ET Q q 0 0 0 rg BT 111.77 128.25 Td (seek ) Tj ET Q q 0 0 0 rg BT 132.04 128.25 Td (to ) Tj ET Q q 0 0 0 rg BT 142.32 128.25 Td (continuously ) Tj ET Q q 0 0 0 rg BT 196.48 128.25 Td (improve ) Tj ET Q q 0 0 0 rg BT 232.31 128.25 Td (our ) Tj ET Q q 0 0 0 rg BT 248.14 128.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 301.16 128.25 Td (across ) Tj ET Q q 0 0 0 rg BT 328.65 128.25 Td (these ) Tj ET Q q 0 0 0 rg BT 351.70 128.25 Td (aspects ) Tj ET Q q 0 0 0 rg BT 383.08 128.25 Td (to ) Tj ET Q q 0 0 0 rg BT 393.35 128.25 Td (remain ) Tj ET Q q 0 0 0 rg BT 423.62 128.25 Td (an ) Tj ET Q q 0 0 0 rg BT 435.56 128.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 470.83 128.25 Td (leader) Tj ET Q q 0 0 0 rg BT 494.71 128.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 110.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 110.25 Td (Allocate ) Tj ET Q q 0 0 0 rg BT 103.78 110.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 134.52 110.25 Td (efficiently ) Tj ET Q q 0 0 0 rg BT 176.90 110.25 Td (for ) Tj ET Q q 0 0 0 rg BT 191.53 110.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 233.93 110.25 Td (shar) Tj ET Q q 0 0 0 rg BT 251.35 110.25 Td (eholder ) Tj ET Q q 0 0 0 rg BT 284.85 110.25 Td (value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.01 110.25 Td ( ) Tj ET Q q 0 0 0 rg BT 311.76 110.25 Td (W) Tj ET Q q 0 0 0 rg BT 320.39 110.25 Td (e ) Tj ET Q q 0 0 0 rg BT 327.79 110.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 347.97 110.25 Td (to ) Tj ET Q q 0 0 0 rg BT 358.71 110.25 Td (allocate ) Tj ET Q q 0 0 0 rg BT 392.76 110.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 422.37 110.25 Td (to ) Tj ET Q q 0 0 0 rg BT 433.11 110.25 Td (maximize ) Tj ET Q q 0 0 0 rg BT 475.50 110.25 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 525.11 110.25 Td (value ) Tj ET Q q 0 0 0 rg BT 549.73 110.25 Td (by: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 98.25 Td (investing ) Tj ET Q q 0 0 0 rg BT 106.01 98.25 Td (in ) Tj ET Q q 0 0 0 rg BT 115.64 98.25 Td (our ) Tj ET Q q 0 0 0 rg BT 130.81 98.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 164.33 98.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 208.40 98.25 Td (to ) Tj ET Q q 0 0 0 rg BT 218.02 98.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 254.86 98.25 Td (and ) Tj ET Q q 0 0 0 rg BT 271.14 98.25 Td (enhance ) Tj ET Q q 0 0 0 rg BT 305.75 98.25 Td (assets; ) Tj ET Q q 0 0 0 rg BT 333.70 98.25 Td (investing ) Tj ET Q q 0 0 0 rg BT 372.21 98.25 Td (in ) Tj ET Q q 0 0 0 rg BT 381.84 98.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 417.56 98.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 467.18 98.25 Td (or ) Tj ET Q q 0 0 0 rg BT 477.36 98.25 Td (development ) Tj ET Q q 0 0 0 rg BT 530.85 98.25 Td (projects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 86.25 Td (that ) Tj ET Q q 0 0 0 rg BT 86.47 86.25 Td (of) Tj ET Q q 0 0 0 rg BT 94.62 86.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 109.69 86.25 Td (attractive ) Tj ET Q q 0 0 0 rg BT 150.87 86.25 Td (returns ) Tj ET Q q 0 0 0 rg BT 182.61 86.25 Td (on ) Tj ET Q q 0 0 0 rg BT 196.58 86.25 Td (invested ) Tj ET Q q 0 0 0 rg BT 233.88 86.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 264.51 86.25 Td (and ) Tj ET Q q 0 0 0 rg BT 282.92 86.25 Td (further ) Tj ET Q q 0 0 0 rg BT 314.11 86.25 Td (our ) Tj ET Q q 0 0 0 rg BT 331.41 86.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 369.26 86.25 Td (goals; ) Tj ET Q q 0 0 0 rg BT 397.12 86.25 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 448.86 86.25 Td (a ) Tj ET Q q 0 0 0 rg BT 457.28 86.25 Td (strong ) Tj ET Q q 0 0 0 rg BT 486.25 86.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 520.76 86.25 Td (sheet; ) Tj ET Q q 0 0 0 rg BT 548.06 86.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 74.25 Td (consistently ) Tj ET Q q 0 0 0 rg BT 117.77 74.25 Td (returning ) Tj ET Q q 0 0 0 rg BT 156.93 74.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 186.08 74.25 Td (to ) Tj ET Q q 0 0 0 rg BT 196.36 74.25 Td (our ) Tj ET Q q 0 0 0 rg BT 212.19 74.25 Td (shareholders.) Tj ET Q endstream endobj 15 0 obj <>] /Rotate 0 /Contents 16 0 R>> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 20.60 Td (7) 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 49.5 738.68505859375 m 184.1533203125 738.68505859375 l s q 0 0 0 rg BT 49.50 740.25 Td (EXECUTION ) Tj ET Q q 0 0 0 rg BT 112.57 740.25 Td (ON ) Tj ET Q q 0 0 0 rg BT 130.07 740.25 Td (STRA) Tj ET Q q 0 0 0 rg BT 156.00 740.25 Td (TEGY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 719.85 Td (Consistent ) Tj ET Q q 0 0 0 rg BT 103.23 719.85 Td (with ) Tj ET Q q 0 0 0 rg BT 123.50 719.85 Td (our ) Tj ET Q q 0 0 0 rg BT 139.33 719.85 Td (strategy) Tj ET Q q 0 0 0 rg BT 170.34 719.85 Td (, ) Tj ET Q q 0 0 0 rg BT 175.34 719.85 Td (we ) Tj ET Q q 0 0 0 rg BT 189.50 719.85 Td (have ) Tj ET Q q 0 0 0 rg BT 210.88 719.85 Td (executed ) Tj ET Q q 0 0 0 rg BT 248.91 719.85 Td (on ) Tj ET Q q 0 0 0 rg BT 261.41 719.85 Td (the ) Tj ET Q q 0 0 0 rg BT 276.13 719.85 Td (following ) Tj ET Q q 0 0 0 rg BT 317.51 719.85 Td (during ) Tj ET Q q 0 0 0 rg BT 346.12 719.85 Td (2016:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 699.45 Td (New ) Tj ET Q q 0 0 0 rg BT 79.88 699.45 Td (Business ) Tj ET Q q 0 0 0 rg BT 119.07 699.45 Td (Development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 684.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 684.45 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 684.45 Td (e ) Tj ET Q q 0 0 0 rg BT 83.72 684.45 Td (acquired ) Tj ET Q q 0 0 0 rg BT 121.28 684.45 Td (two ) Tj ET Q q 0 0 0 rg BT 139.42 684.45 Td (environmental ) Tj ET Q q 0 0 0 rg BT 200.32 684.45 Td (services ) Tj ET Q q 0 0 0 rg BT 235.66 684.45 Td (businesses ) Tj ET Q q 0 0 0 rg BT 281.03 684.45 Td (which ) Tj ET Q q 0 0 0 rg BT 308.60 684.45 Td (will ) Tj ET Q q 0 0 0 rg BT 327.30 684.45 Td (further ) Tj ET Q q 0 0 0 rg BT 357.65 684.45 Td (expand ) Tj ET Q q 0 0 0 rg BT 389.66 684.45 Td (our ) Tj ET Q q 0 0 0 rg BT 406.13 684.45 Td (presence ) Tj ET Q q 0 0 0 rg BT 444.25 684.45 Td (in ) Tj ET Q q 0 0 0 rg BT 455.17 684.45 Td (this ) Tj ET Q q 0 0 0 rg BT 472.75 684.45 Td (sector ) Tj ET Q q 0 0 0 rg BT 499.77 684.45 Td (and ) Tj ET Q q 0 0 0 rg BT 517.35 684.45 Td (allow ) Tj ET Q q 0 0 0 rg BT 542.71 684.45 Td (us ) Tj ET Q q 0 0 0 rg BT 554.74 684.45 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 672.45 Td (direct ) Tj ET Q q 0 0 0 rg BT 92.76 672.45 Td (additional ) Tj ET Q q 0 0 0 rg BT 135.25 672.45 Td (non-hazardous ) Tj ET Q q 0 0 0 rg BT 196.62 672.45 Td (profiled ) Tj ET Q q 0 0 0 rg BT 230.78 672.45 Td (waste ) Tj ET Q q 0 0 0 rg BT 256.04 672.45 Td (volumes ) Tj ET Q q 0 0 0 rg BT 292.43 672.45 Td (into ) Tj ET Q q 0 0 0 rg BT 310.49 672.45 Td (our ) Tj ET Q q 0 0 0 rg BT 326.32 672.45 Td (EfW) Tj ET Q q 0 0 0 rg BT 345.01 672.45 Td ( ) Tj ET Q q 0 0 0 rg BT 347.51 672.45 Td (facilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 657.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 657.45 Td (Construction ) Tj ET Q q 0 0 0 rg BT 120.80 657.45 Td (is ) Tj ET Q q 0 0 0 rg BT 129.11 657.45 Td (progressing ) Tj ET Q q 0 0 0 rg BT 177.41 657.45 Td (on ) Tj ET Q q 0 0 0 rg BT 189.04 657.45 Td (the ) Tj ET Q q 0 0 0 rg BT 202.90 657.45 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 232.31 657.45 Td (EfW) Tj ET Q q 0 0 0 rg BT 251.01 657.45 Td ( ) Tj ET Q q 0 0 0 rg BT 252.65 657.45 Td (facility) Tj ET Q q 0 0 0 rg BT 280.32 657.45 Td (, ) Tj ET Q q 0 0 0 rg BT 284.46 657.45 Td (a600,000metric ) Tj ET Q q 0 0 0 rg BT 353.57 657.45 Td (ton-per) Tj ET Q q 0 0 0 rg BT 382.25 657.45 Td (-year) Tj ET Q q 0 0 0 rg BT 402.39 657.45 Td (,58megawatt ) Tj ET Q q 0 0 0 rg BT 460.40 657.45 Td (facility ) Tj ET Q q 0 0 0 rg BT 490.35 657.45 Td (in ) Tj ET Q q 0 0 0 rg BT 499.77 657.45 Td (Dublin, ) Tj ET Q q 0 0 0 rg BT 531.68 657.45 Td (Ireland. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 645.45 Td (During ) Tj ET Q q 0 0 0 rg BT 98.34 645.45 Td (2016, ) Tj ET Q q 0 0 0 rg BT 123.35 645.45 Td (90% ) Tj ET Q q 0 0 0 rg BT 144.19 645.45 Td (of ) Tj ET Q q 0 0 0 rg BT 155.03 645.45 Td (the ) Tj ET Q q 0 0 0 rg BT 169.76 645.45 Td (facility) Tj ET Q q 0 0 0 rg BT 200.85 645.45 Td (s ) Tj ET Q q 0 0 0 rg BT 207.26 645.45 Td (waste ) Tj ET Q q 0 0 0 rg BT 232.53 645.45 Td (processing ) Tj ET Q q 0 0 0 rg BT 277.81 645.45 Td (capacity ) Tj ET Q q 0 0 0 rg BT 313.63 645.45 Td (was ) Tj ET Q q 0 0 0 rg BT 331.69 645.45 Td (secured ) Tj ET Q q 0 0 0 rg BT 364.74 645.45 Td (under ) Tj ET Q q 0 0 0 rg BT 390.02 645.45 Td (long-term ) Tj ET Q q 0 0 0 rg BT 431.96 645.45 Td (contracts ) Tj ET Q q 0 0 0 rg BT 470.57 645.45 Td (with ) Tj ET Q q 0 0 0 rg BT 490.85 645.45 Td (leading ) Tj ET Q q 0 0 0 rg BT 522.80 645.45 Td (waste ) Tj ET Q q 0 0 0 rg BT 548.08 645.45 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 633.45 Td (recycling ) Tj ET Q q 0 0 0 rg BT 106.63 633.45 Td (collection ) Tj ET Q q 0 0 0 rg BT 147.99 633.45 Td (companies ) Tj ET Q q 0 0 0 rg BT 192.68 633.45 Td (in ) Tj ET Q q 0 0 0 rg BT 202.39 633.45 Td (Ireland. ) Tj ET Q q 0 0 0 rg BT 234.99 633.45 Td (W) Tj ET Q q 0 0 0 rg BT 243.63 633.45 Td (e ) Tj ET Q q 0 0 0 rg BT 250.00 633.45 Td (expect ) Tj ET Q q 0 0 0 rg BT 278.02 633.45 Td (the ) Tj ET Q q 0 0 0 rg BT 292.17 633.45 Td (facility ) Tj ET Q q 0 0 0 rg BT 322.41 633.45 Td (to ) Tj ET Q q 0 0 0 rg BT 332.12 633.45 Td (begin ) Tj ET Q q 0 0 0 rg BT 356.27 633.45 Td (commercial ) Tj ET Q q 0 0 0 rg BT 405.39 633.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 448.98 633.45 Td (in ) Tj ET Q q 0 0 0 rg BT 458.68 633.45 Td (late ) Tj ET Q q 0 0 0 rg BT 475.05 633.45 Td (2017. ) Tj ET Q q 0 0 0 rg BT 499.48 633.45 Td (For ) Tj ET Q q 0 0 0 rg BT 515.30 633.45 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 621.45 Td (on ) Tj ET Q q 0 0 0 rg BT 80.14 621.45 Td (the ) Tj ET Q q 0 0 0 rg BT 95.00 621.45 Td (funding ) Tj ET Q q 0 0 0 rg BT 128.75 621.45 Td (of ) Tj ET Q q 0 0 0 rg BT 139.73 621.45 Td (project ) Tj ET Q q 0 0 0 rg BT 170.13 621.45 Td (construction, ) Tj ET Q q 0 0 0 rg BT 224.71 621.45 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 240.12 621.45 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 270.53 621.45 Td (Financial ) Tj ET Q q 0 0 0 rg BT 312.06 621.45 Td (Statements ) Tj ET Q q 0 0 0 rg BT 357.84 621.45 Td (And ) Tj ET Q q 0 0 0 rg BT 376.59 621.45 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 439.22 621.45 Td (Data ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 473.25 621.45 Td (Note ) Tj ET Q q 0 0 0 rg BT 494.78 621.45 Td (1) Tj ET Q q 0 0 0 rg BT 499.04 621.45 Td (1.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 506.54 621.45 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 509.18 621.45 Td (Consolidated ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 609.45 Td (Debt) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.94 609.45 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 58.50 591.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 591.45 Td (The ) Tj ET Q q 0 0 0 rg BT 87.75 591.45 Td (Durham ) Tj ET Q q 0 0 0 rg BT 124.52 591.45 Td (Y) Tj ET Q q 0 0 0 rg BT 130.74 591.45 Td (ork ) Tj ET Q q 0 0 0 rg BT 148.77 591.45 Td (facility ) Tj ET Q q 0 0 0 rg BT 181.79 591.45 Td (commenced ) Tj ET Q q 0 0 0 rg BT 234.80 591.45 Td (commercial ) Tj ET Q q 0 0 0 rg BT 286.70 591.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 333.05 591.45 Td (in ) Tj ET Q q 0 0 0 rg BT 345.53 591.45 Td (January ) Tj ET Q q 0 0 0 rg BT 381.33 591.45 Td (2016 ) Tj ET Q q 0 0 0 rg BT 406.03 591.45 Td (under ) Tj ET Q q 0 0 0 rg BT 433.50 591.45 Td (a ) Tj ET Q q 0 0 0 rg BT 442.64 591.45 Td (20-year ) Tj ET Q q 0 0 0 rg BT 477.88 591.45 Td (service ) Tj ET Q q 0 0 0 rg BT 510.89 591.45 Td (fee ) Tj ET Q q 0 0 0 rg BT 527.80 591.45 Td (contract. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 579.45 Td (Construction ) Tj ET Q q 0 0 0 rg BT 122.00 579.45 Td (of ) Tj ET Q q 0 0 0 rg BT 133.16 579.45 Td (the ) Tj ET Q q 0 0 0 rg BT 148.21 579.45 Td (municipally-owned ) Tj ET Q q 0 0 0 rg BT 228.80 579.45 Td (140,000 ) Tj ET Q q 0 0 0 rg BT 264.13 579.45 Td (tonne-per) Tj ET Q q 0 0 0 rg BT 302.25 579.45 Td (-year ) Tj ET Q q 0 0 0 rg BT 325.62 579.45 Td (EfW) Tj ET Q q 0 0 0 rg BT 344.31 579.45 Td ( ) Tj ET Q q 0 0 0 rg BT 347.14 579.45 Td (facility ) Tj ET Q q 0 0 0 rg BT 378.30 579.45 Td (located ) Tj ET Q q 0 0 0 rg BT 410.00 579.45 Td (in ) Tj ET Q q 0 0 0 rg BT 420.61 579.45 Td (the ) Tj ET Q q 0 0 0 rg BT 435.66 579.45 Td (Durham ) Tj ET Q q 0 0 0 rg BT 471.26 579.45 Td (Region ) Tj ET Q q 0 0 0 rg BT 502.98 579.45 Td (of ) Tj ET Q q 0 0 0 rg BT 514.14 579.45 Td (Canada ) Tj ET Q q 0 0 0 rg BT 546.96 579.45 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 567.45 Td (completed ) Tj ET Q q 0 0 0 rg BT 111.65 567.45 Td (in ) Tj ET Q q 0 0 0 rg BT 121.93 567.45 Td (2015.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 549.45 Td (Existing ) Tj ET Q q 0 0 0 rg BT 87.01 549.45 Td (Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 531.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 531.45 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 531.45 Td (e ) Tj ET Q q 0 0 0 rg BT 82.84 531.45 Td (extended ) Tj ET Q q 0 0 0 rg BT 121.19 531.45 Td (our ) Tj ET Q q 0 0 0 rg BT 136.78 531.45 Td (waste ) Tj ET Q q 0 0 0 rg BT 161.81 531.45 Td (services ) Tj ET Q q 0 0 0 rg BT 196.27 531.45 Td (agreement ) Tj ET Q q 0 0 0 rg BT 240.17 531.45 Td (with ) Tj ET Q q 0 0 0 rg BT 260.21 531.45 Td (the ) Tj ET Q q 0 0 0 rg BT 274.69 531.45 Td (City ) Tj ET Q q 0 0 0 rg BT 294.18 531.45 Td (of ) Tj ET Q q 0 0 0 rg BT 304.77 531.45 Td (Huntsville ) Tj ET Q q 0 0 0 rg BT 348.69 531.45 Td (to ) Tj ET Q q 0 0 0 rg BT 358.73 531.45 Td (September ) Tj ET Q q 0 0 0 rg BT 403.75 531.45 Td (2020, ) Tj ET Q q 0 0 0 rg BT 428.51 531.45 Td (and ) Tj ET Q q 0 0 0 rg BT 445.21 531.45 Td (our ) Tj ET Q q 0 0 0 rg BT 460.80 531.45 Td (waste ) Tj ET Q q 0 0 0 rg BT 485.83 531.45 Td (disposal ) Tj ET Q q 0 0 0 rg BT 520.87 531.45 Td (agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 519.45 Td (with ) Tj ET Q q 0 0 0 rg BT 87.78 519.45 Td (the ) Tj ET Q q 0 0 0 rg BT 102.50 519.45 Td (City ) Tj ET Q q 0 0 0 rg BT 122.22 519.45 Td (of ) Tj ET Q q 0 0 0 rg BT 133.05 519.45 Td (Indianapolis ) Tj ET Q q 0 0 0 rg BT 184.99 519.45 Td (to ) Tj ET Q q 0 0 0 rg BT 195.26 519.45 Td (December ) Tj ET Q q 0 0 0 rg BT 238.85 519.45 Td (2025. ) Tj ET Q q 0 0 0 rg BT 263.85 519.45 Td (Both ) Tj ET Q q 0 0 0 rg BT 285.80 519.45 Td (were ) Tj ET Q q 0 0 0 rg BT 307.72 519.45 Td (extended ) Tj ET Q q 0 0 0 rg BT 346.32 519.45 Td (under ) Tj ET Q q 0 0 0 rg BT 371.59 519.45 Td (terms ) Tj ET Q q 0 0 0 rg BT 396.30 519.45 Td (similar ) Tj ET Q q 0 0 0 rg BT 426.58 519.45 Td (to ) Tj ET Q q 0 0 0 rg BT 436.86 519.45 Td (the ) Tj ET Q q 0 0 0 rg BT 451.57 519.45 Td (existing ) Tj ET Q q 0 0 0 rg BT 485.74 519.45 Td (agreements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 501.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 501.45 Td (Construction ) Tj ET Q q 0 0 0 rg BT 121.54 501.45 Td (of ) Tj ET Q q 0 0 0 rg BT 132.24 501.45 Td (a ) Tj ET Q q 0 0 0 rg BT 139.06 501.45 Td (state-of-the-art ) Tj ET Q q 0 0 0 rg BT 200.84 501.45 Td (particulate ) Tj ET Q q 0 0 0 rg BT 245.41 501.45 Td (emissions ) Tj ET Q q 0 0 0 rg BT 287.24 501.45 Td (control ) Tj ET Q q 0 0 0 rg BT 317.94 501.45 Td (system ) Tj ET Q q 0 0 0 rg BT 348.09 501.45 Td (at ) Tj ET Q q 0 0 0 rg BT 357.68 501.45 Td (our ) Tj ET Q q 0 0 0 rg BT 373.38 501.45 Td (Essex ) Tj ET Q q 0 0 0 rg BT 399.09 501.45 Td (County ) Tj ET Q q 0 0 0 rg BT 430.91 501.45 Td (EfW) Tj ET Q q 0 0 0 rg BT 449.61 501.45 Td ( ) Tj ET Q q 0 0 0 rg BT 451.98 501.45 Td (facility ) Tj ET Q q 0 0 0 rg BT 482.68 501.45 Td (was ) Tj ET Q q 0 0 0 rg BT 500.60 501.45 Td (completed. ) Tj ET Q q 0 0 0 rg BT 546.96 501.45 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 489.45 Td (total ) Tj ET Q q 0 0 0 rg BT 87.77 489.45 Td (cost ) Tj ET Q q 0 0 0 rg BT 106.38 489.45 Td (of ) Tj ET Q q 0 0 0 rg BT 117.21 489.45 Td (the ) Tj ET Q q 0 0 0 rg BT 131.93 489.45 Td (project ) Tj ET Q q 0 0 0 rg BT 162.19 489.45 Td (totaled ) Tj ET Q q 0 0 0 rg BT 191.90 489.45 Td (approximately ) Tj ET Q q 0 0 0 rg BT 252.16 489.45 Td ($90 ) Tj ET Q q 0 0 0 rg BT 269.66 489.45 Td (million, ) Tj ET Q q 0 0 0 rg BT 303.55 489.45 Td (of ) Tj ET Q q 0 0 0 rg BT 314.38 489.45 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.32 489.45 Td ($33 ) Tj ET Q q 0 0 0 rg BT 358.82 489.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.71 489.45 Td ( ) Tj ET Q q 0 0 0 rg BT 390.21 489.45 Td (was ) Tj ET Q q 0 0 0 rg BT 408.27 489.45 Td (incurred ) Tj ET Q q 0 0 0 rg BT 444.08 489.45 Td (in ) Tj ET Q q 0 0 0 rg BT 454.36 489.45 Td (2016. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 471.45 Td (Asset ) Tj ET Q q 0 0 0 rg BT 74.77 471.45 Td (Reallocation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 453.45 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 453.45 Td (e ) Tj ET Q q 0 0 0 rg BT 74.56 453.45 Td (completed ) Tj ET Q q 0 0 0 rg BT 119.19 453.45 Td (the ) Tj ET Q q 0 0 0 rg BT 134.39 453.45 Td (exchange ) Tj ET Q q 0 0 0 rg BT 175.13 453.45 Td (of ) Tj ET Q q 0 0 0 rg BT 186.44 453.45 Td (our ) Tj ET Q q 0 0 0 rg BT 202.75 453.45 Td (project ) Tj ET Q q 0 0 0 rg BT 233.50 453.45 Td (ownership ) Tj ET Q q 0 0 0 rg BT 278.14 453.45 Td (interests ) Tj ET Q q 0 0 0 rg BT 314.45 453.45 Td (in ) Tj ET Q q 0 0 0 rg BT 325.21 453.45 Td (China ) Tj ET Q q 0 0 0 rg BT 352.08 453.45 Td (for ) Tj ET Q q 0 0 0 rg BT 366.72 453.45 Td (a15%ownership ) Tj ET Q q 0 0 0 rg BT 439.13 453.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 471.55 453.45 Td (in ) Tj ET Q q 0 0 0 rg BT 482.31 453.45 Td (Chongqing ) Tj ET Q q 0 0 0 rg BT 529.74 453.45 Td (Sanfeng ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 441.45 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 111.35 441.45 Td (Industrial ) Tj ET Q q 0 0 0 rg BT 152.11 441.45 Td (Group, ) Tj ET Q q 0 0 0 rg BT 182.58 441.45 Td (Co., ) Tj ET Q q 0 0 0 rg BT 201.68 441.45 Td (Ltd ) Tj ET Q q 0 0 0 rg BT 217.99 441.45 Td (\("Sanfeng ) Tj ET Q q 0 0 0 rg BT 260.60 441.45 Td (Environment"\) ) Tj ET Q q 0 0 0 rg BT 322.65 441.45 Td (and ) Tj ET Q q 0 0 0 rg BT 339.51 441.45 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 394.15 441.45 Td (sold ) Tj ET Q q 0 0 0 rg BT 413.25 441.45 Td (approximately90%of ) Tj ET Q q 0 0 0 rg BT 505.09 441.45 Td (our ) Tj ET Q q 0 0 0 rg BT 520.85 441.45 Td (ownership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 429.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 81.70 429.45 Td (in ) Tj ET Q q 0 0 0 rg BT 92.25 429.45 Td (Sanfeng ) Tj ET Q q 0 0 0 rg BT 127.79 429.45 Td (Environment ) Tj ET Q q 0 0 0 rg BT 182.78 429.45 Td (to ) Tj ET Q q 0 0 0 rg BT 193.33 429.45 Td (a ) Tj ET Q q 0 0 0 rg BT 200.54 429.45 Td (third-party) Tj ET Q q 0 0 0 rg BT 242.65 429.45 Td (, ) Tj ET Q q 0 0 0 rg BT 247.92 429.45 Td (a ) Tj ET Q q 0 0 0 rg BT 255.13 429.45 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 299.01 429.45 Td (of ) Tj ET Q q 0 0 0 rg BT 310.11 429.45 Td (CITIC ) Tj ET Q q 0 0 0 rg BT 338.99 429.45 Td (Limited, ) Tj ET Q q 0 0 0 rg BT 375.92 429.45 Td (a ) Tj ET Q q 0 0 0 rg BT 383.13 429.45 Td (leading ) Tj ET Q q 0 0 0 rg BT 415.33 429.45 Td (Chinese ) Tj ET Q q 0 0 0 rg BT 450.32 429.45 Td (industrial ) Tj ET Q q 0 0 0 rg BT 490.87 429.45 Td (conglomerate ) Tj ET Q q 0 0 0 rg BT 548.06 429.45 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 417.45 Td (investment ) Tj ET Q q 0 0 0 rg BT 96.27 417.45 Td (company) Tj ET Q q 0 0 0 rg BT 132.27 417.45 Td (. ) Tj ET Q q 0 0 0 rg BT 137.02 417.45 Td (As ) Tj ET Q q 0 0 0 rg BT 151.03 417.45 Td (a ) Tj ET Q q 0 0 0 rg BT 158.35 417.45 Td (result, ) Tj ET Q q 0 0 0 rg BT 185.96 417.45 Td (during ) Tj ET Q q 0 0 0 rg BT 214.95 417.45 Td (the ) Tj ET Q q 0 0 0 rg BT 230.05 417.45 Td (year ) Tj ET Q q 0 0 0 rg BT 250.15 417.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 276.91 417.45 Td (December ) Tj ET Q q 0 0 0 rg BT 320.88 417.45 Td (31, ) Tj ET Q q 0 0 0 rg BT 336.27 417.45 Td (2016, ) Tj ET Q q 0 0 0 rg BT 361.66 417.45 Td (we ) Tj ET Q q 0 0 0 rg BT 376.21 417.45 Td (received ) Tj ET Q q 0 0 0 rg BT 412.96 417.45 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 444.16 417.45 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 482.58 417.45 Td (of$105 ) Tj ET Q q 0 0 0 rg BT 516.30 417.45 Td (million ) Tj ET Q q 0 0 0 rg BT 548.08 417.45 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 405.45 Td (recorded ) Tj ET Q q 0 0 0 rg BT 88.35 405.45 Td (a ) Tj ET Q q 0 0 0 rg BT 96.67 405.45 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 128.86 405.45 Td (gain ) Tj ET Q q 0 0 0 rg BT 149.95 405.45 Td (of$41 ) Tj ET Q q 0 0 0 rg BT 179.66 405.45 Td (million. ) Tj ET Q q 0 0 0 rg BT 214.93 405.45 Td (For ) Tj ET Q q 0 0 0 rg BT 232.69 405.45 Td (additional ) Tj ET Q q 0 0 0 rg BT 276.56 405.45 Td (information ) Tj ET Q q 0 0 0 rg BT 327.65 405.45 Td (on ) Tj ET Q q 0 0 0 rg BT 341.53 405.45 Td (these ) Tj ET Q q 0 0 0 rg BT 365.95 405.45 Td (activities, ) Tj ET Q q 0 0 0 rg BT 408.42 405.45 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 425.07 405.45 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 456.71 405.45 Td (Financial ) Tj ET Q q 0 0 0 rg BT 499.47 405.45 Td (Statements ) Tj ET Q q 0 0 0 rg BT 546.39 405.45 Td (And ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 393.45 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 111.99 393.45 Td (Data ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 145.88 393.45 Td (Note ) Tj ET Q q 0 0 0 rg BT 167.26 393.45 Td (4.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 174.76 393.45 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 177.26 393.45 Td (Dispositions, ) Tj ET Q q 0 0 0 rg BT 232.09 393.45 Td (Assets ) Tj ET Q q 0 0 0 rg BT 259.59 393.45 Td (Held ) Tj ET Q q 0 0 0 rg BT 281.53 393.45 Td (for ) Tj ET Q q 0 0 0 rg BT 295.70 393.45 Td (Sale ) Tj ET Q q 0 0 0 rg BT 315.42 393.45 Td (and ) Tj ET Q q 0 0 0 rg BT 332.92 393.45 Td (Discontinued ) Tj ET Q q 0 0 0 rg BT 388.74 393.45 Td (Operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 433.74 393.45 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 375.45 Td (Continuous ) Tj ET Q q 0 0 0 rg BT 101.47 375.45 Td (Impr) Tj ET Q q 0 0 0 rg BT 123.51 375.45 Td (ovement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 357.45 Td (In ) Tj ET Q q 0 0 0 rg BT 69.29 357.45 Td (2016, ) Tj ET Q q 0 0 0 rg BT 94.25 357.45 Td (we ) Tj ET Q q 0 0 0 rg BT 108.37 357.45 Td (advanced ) Tj ET Q q 0 0 0 rg BT 148.58 357.45 Td (our ) Tj ET Q q 0 0 0 rg BT 164.37 357.45 Td (continuous ) Tj ET Q q 0 0 0 rg BT 210.71 357.45 Td (improvement ) Tj ET Q q 0 0 0 rg BT 266.49 357.45 Td (initiative ) Tj ET Q q 0 0 0 rg BT 304.50 357.45 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 340.28 357.45 Td (Lean ) Tj ET Q q 0 0 0 rg BT 362.73 357.45 Td (Six ) Tj ET Q q 0 0 0 rg BT 378.53 357.45 Td (Sigma ) Tj ET Q q 0 0 0 rg BT 406.54 357.45 Td (methodologies. ) Tj ET Q q 0 0 0 rg BT 472.70 357.45 Td (The ) Tj ET Q q 0 0 0 rg BT 490.71 357.45 Td (focus ) Tj ET Q q 0 0 0 rg BT 514.83 357.45 Td (of ) Tj ET Q q 0 0 0 rg BT 525.62 357.45 Td (this ) Tj ET Q q 0 0 0 rg BT 542.52 357.45 Td (data-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 345.45 Td (driven ) Tj ET Q q 0 0 0 rg BT 77.23 345.45 Td (ef) Tj ET Q q 0 0 0 rg BT 84.82 345.45 Td (fort ) Tj ET Q q 0 0 0 rg BT 101.44 345.45 Td (is ) Tj ET Q q 0 0 0 rg BT 110.30 345.45 Td (on ) Tj ET Q q 0 0 0 rg BT 122.48 345.45 Td (achieving ) Tj ET Q q 0 0 0 rg BT 163.54 345.45 Td (stable ) Tj ET Q q 0 0 0 rg BT 189.04 345.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 232.88 345.45 Td (at ) Tj ET Q q 0 0 0 rg BT 242.29 345.45 Td (high ) Tj ET Q q 0 0 0 rg BT 262.25 345.45 Td (performance ) Tj ET Q q 0 0 0 rg BT 314.95 345.45 Td (levels, ) Tj ET Q q 0 0 0 rg BT 342.96 345.45 Td (improved ) Tj ET Q q 0 0 0 rg BT 383.47 345.45 Td (process ) Tj ET Q q 0 0 0 rg BT 415.65 345.45 Td (ef) Tj ET Q q 0 0 0 rg BT 423.23 345.45 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 457.62 345.45 Td (and ) Tj ET Q q 0 0 0 rg BT 474.24 345.45 Td (standardization ) Tj ET Q q 0 0 0 rg BT 537.52 345.45 Td (across ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 333.45 Td (all ) Tj ET Q q 0 0 0 rg BT 62.10 333.45 Td (of ) Tj ET Q q 0 0 0 rg BT 73.04 333.45 Td (our ) Tj ET Q q 0 0 0 rg BT 88.98 333.45 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 130.83 333.45 Td (W) Tj ET Q q 0 0 0 rg BT 139.47 333.45 Td (e ) Tj ET Q q 0 0 0 rg BT 146.52 333.45 Td (have ) Tj ET Q q 0 0 0 rg BT 168.00 333.45 Td (established ) Tj ET Q q 0 0 0 rg BT 215.04 333.45 Td (a ) Tj ET Q q 0 0 0 rg BT 222.09 333.45 Td (team ) Tj ET Q q 0 0 0 rg BT 244.13 333.45 Td (that ) Tj ET Q q 0 0 0 rg BT 261.74 333.45 Td (includes ) Tj ET Q q 0 0 0 rg BT 297.67 333.45 Td (external ) Tj ET Q q 0 0 0 rg BT 332.48 333.45 Td (experts ) Tj ET Q q 0 0 0 rg BT 363.97 333.45 Td (and ) Tj ET Q q 0 0 0 rg BT 381.02 333.45 Td (internal ) Tj ET Q q 0 0 0 rg BT 414.17 333.45 Td (top ) Tj ET Q q 0 0 0 rg BT 429.55 333.45 Td (performers. ) Tj ET Q q 0 0 0 rg BT 480.84 333.45 Td (This ) Tj ET Q q 0 0 0 rg BT 501.23 333.45 Td (ef) Tj ET Q q 0 0 0 rg BT 508.82 333.45 Td (fort ) Tj ET Q q 0 0 0 rg BT 525.86 333.45 Td (advances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 321.45 Td (beyond ) Tj ET Q q 0 0 0 rg BT 81.82 321.45 Td (previous ) Tj ET Q q 0 0 0 rg BT 119.15 321.45 Td (ef) Tj ET Q q 0 0 0 rg BT 126.73 321.45 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 161.82 321.45 Td (initiatives, ) Tj ET Q q 0 0 0 rg BT 206.64 321.45 Td (and ) Tj ET Q q 0 0 0 rg BT 223.97 321.45 Td (enhances ) Tj ET Q q 0 0 0 rg BT 263.50 321.45 Td (and ) Tj ET Q q 0 0 0 rg BT 280.82 321.45 Td (complements ) Tj ET Q q 0 0 0 rg BT 337.03 321.45 Td (the ) Tj ET Q q 0 0 0 rg BT 352.13 321.45 Td (outage ) Tj ET Q q 0 0 0 rg BT 381.67 321.45 Td (optimization ) Tj ET Q q 0 0 0 rg BT 435.10 321.45 Td (ef) Tj ET Q q 0 0 0 rg BT 442.69 321.45 Td (forts ) Tj ET Q q 0 0 0 rg BT 463.90 321.45 Td (that ) Tj ET Q q 0 0 0 rg BT 481.78 321.45 Td (we ) Tj ET Q q 0 0 0 rg BT 496.33 321.45 Td (have ) Tj ET Q q 0 0 0 rg BT 518.09 321.45 Td (undertaken ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 309.45 Td (over ) Tj ET Q q 0 0 0 rg BT 69.77 309.45 Td (the ) Tj ET Q q 0 0 0 rg BT 84.49 309.45 Td (past ) Tj ET Q q 0 0 0 rg BT 103.09 309.45 Td (several ) Tj ET Q q 0 0 0 rg BT 133.91 309.45 Td (years.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 291.45 Td (Sustainability ) Tj ET Q q 0 0 0 rg BT 110.91 291.45 Td (Goals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 273.45 Td (In ) Tj ET Q q 0 0 0 rg BT 69.50 273.45 Td (our ) Tj ET Q q 0 0 0 rg BT 85.51 273.45 Td (corporate ) Tj ET Q q 0 0 0 rg BT 125.93 273.45 Td (Sustainability ) Tj ET Q q 0 0 0 rg BT 183.61 273.45 Td (Report ) Tj ET Q q 0 0 0 rg BT 213.50 273.45 Td (we ) Tj ET Q q 0 0 0 rg BT 227.83 273.45 Td (outlined ) Tj ET Q q 0 0 0 rg BT 263.28 273.45 Td (a ) Tj ET Q q 0 0 0 rg BT 270.39 273.45 Td (series ) Tj ET Q q 0 0 0 rg BT 295.83 273.45 Td (of ) Tj ET Q q 0 0 0 rg BT 306.83 273.45 Td (sustainability ) Tj ET Q q 0 0 0 rg BT 362.84 273.45 Td (goals ) Tj ET Q q 0 0 0 rg BT 386.62 273.45 Td (that ) Tj ET Q q 0 0 0 rg BT 404.29 273.45 Td (are ) Tj ET Q q 0 0 0 rg BT 419.17 273.45 Td (aligned ) Tj ET Q q 0 0 0 rg BT 451.28 273.45 Td (with ) Tj ET Q q 0 0 0 rg BT 471.73 273.45 Td (our ) Tj ET Q q 0 0 0 rg BT 487.73 273.45 Td (business ) Tj ET Q q 0 0 0 rg BT 524.30 273.45 Td (goals ) Tj ET Q q 0 0 0 rg BT 548.08 273.45 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 261.45 Td (mission. ) Tj ET Q q 0 0 0 rg BT 86.04 261.45 Td (Set ) Tj ET Q q 0 0 0 rg BT 101.75 261.45 Td (in ) Tj ET Q q 0 0 0 rg BT 112.45 261.45 Td (the ) Tj ET Q q 0 0 0 rg BT 127.59 261.45 Td (areas ) Tj ET Q q 0 0 0 rg BT 151.05 261.45 Td (of ) Tj ET Q q 0 0 0 rg BT 162.31 261.45 Td (safety ) Tj ET Q q 0 0 0 rg BT 189.11 261.45 Td (and ) Tj ET Q q 0 0 0 rg BT 206.47 261.45 Td (health, ) Tj ET Q q 0 0 0 rg BT 236.33 261.45 Td (environment, ) Tj ET Q q 0 0 0 rg BT 292.30 261.45 Td (materials ) Tj ET Q q 0 0 0 rg BT 331.87 261.45 Td (management, ) Tj ET Q q 0 0 0 rg BT 388.39 261.45 Td (human ) Tj ET Q q 0 0 0 rg BT 418.53 261.45 Td (resources, ) Tj ET Q q 0 0 0 rg BT 461.71 261.45 Td (finance, ) Tj ET Q q 0 0 0 rg BT 496.56 261.45 Td (governance, ) Tj ET Q q 0 0 0 rg BT 548.07 261.45 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 249.45 Td (community ) Tj ET Q q 0 0 0 rg BT 98.25 249.45 Td (af) Tj ET Q q 0 0 0 rg BT 105.84 249.45 Td (fairs, ) Tj ET Q q 0 0 0 rg BT 129.31 249.45 Td (each ) Tj ET Q q 0 0 0 rg BT 150.83 249.45 Td (goal ) Tj ET Q q 0 0 0 rg BT 171.25 249.45 Td (has ) Tj ET Q q 0 0 0 rg BT 187.78 249.45 Td (an ) Tj ET Q q 0 0 0 rg BT 200.42 249.45 Td (assigned ) Tj ET Q q 0 0 0 rg BT 238.06 249.45 Td (champion ) Tj ET Q q 0 0 0 rg BT 280.70 249.45 Td (on ) Tj ET Q q 0 0 0 rg BT 293.90 249.45 Td (our ) Tj ET Q q 0 0 0 rg BT 310.43 249.45 Td (senior ) Tj ET Q q 0 0 0 rg BT 338.07 249.45 Td (leadership ) Tj ET Q q 0 0 0 rg BT 382.37 249.45 Td (team ) Tj ET Q q 0 0 0 rg BT 405.00 249.45 Td (to ) Tj ET Q q 0 0 0 rg BT 415.99 249.45 Td (ensure ) Tj ET Q q 0 0 0 rg BT 445.29 249.45 Td (their ) Tj ET Q q 0 0 0 rg BT 466.81 249.45 Td (full ) Tj ET Q q 0 0 0 rg BT 483.90 249.45 Td (integration ) Tj ET Q q 0 0 0 rg BT 530.42 249.45 Td (into ) Tj ET Q q 0 0 0 rg BT 549.18 249.45 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 237.45 Td (business. ) Tj ET Q q 0 0 0 rg BT 87.61 237.45 Td (W) Tj ET Q q 0 0 0 rg BT 96.25 237.45 Td (e ) Tj ET Q q 0 0 0 rg BT 102.55 237.45 Td (believe ) Tj ET Q q 0 0 0 rg BT 133.28 237.45 Td (attaining ) Tj ET Q q 0 0 0 rg BT 170.12 237.45 Td (these ) Tj ET Q q 0 0 0 rg BT 192.53 237.45 Td (goals ) Tj ET Q q 0 0 0 rg BT 215.49 237.45 Td (help ) Tj ET Q q 0 0 0 rg BT 234.57 237.45 Td (us ) Tj ET Q q 0 0 0 rg BT 245.31 237.45 Td (respond ) Tj ET Q q 0 0 0 rg BT 278.83 237.45 Td (to ) Tj ET Q q 0 0 0 rg BT 288.47 237.45 Td (our ) Tj ET Q q 0 0 0 rg BT 303.65 237.45 Td (customers) Tj ET Q q 0 0 0 rg BT 346.79 237.45 Td ( ) Tj ET Q q 0 0 0 rg BT 348.65 237.45 Td (increasing ) Tj ET Q q 0 0 0 rg BT 391.60 237.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 422.89 237.45 Td (in ) Tj ET Q q 0 0 0 rg BT 432.52 237.45 Td (sustainability ) Tj ET Q q 0 0 0 rg BT 487.71 237.45 Td (and ) Tj ET Q q 0 0 0 rg BT 504.00 237.45 Td (the ) Tj ET Q q 0 0 0 rg BT 518.08 237.45 Td (sustainable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 225.45 Td (solutions ) Tj ET Q q 0 0 0 rg BT 88.12 225.45 Td (we ) Tj ET Q q 0 0 0 rg BT 102.28 225.45 Td (provide, ) Tj ET Q q 0 0 0 rg BT 137.83 225.45 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 173.09 225.45 Td (certain ) Tj ET Q q 0 0 0 rg BT 202.80 225.45 Td (risks, ) Tj ET Q q 0 0 0 rg BT 226.69 225.45 Td (and ) Tj ET Q q 0 0 0 rg BT 243.63 225.45 Td (gain ) Tj ET Q q 0 0 0 rg BT 263.34 225.45 Td (a ) Tj ET Q q 0 0 0 rg BT 270.28 225.45 Td (competitive ) Tj ET Q q 0 0 0 rg BT 319.99 225.45 Td (advantage ) Tj ET Q q 0 0 0 rg BT 363.02 225.45 Td (in ) Tj ET Q q 0 0 0 rg BT 373.30 225.45 Td (business ) Tj ET Q q 0 0 0 rg BT 409.69 225.45 Td (development ) Tj ET Q q 0 0 0 rg BT 463.84 225.45 Td (opportunities. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 207.45 Td (Capital ) Tj ET Q q 0 0 0 rg BT 83.12 207.45 Td (Allocation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 189.45 Td (Our ) Tj ET Q q 0 0 0 rg BT 76.55 189.45 Td (key ) Tj ET Q q 0 0 0 rg BT 93.49 189.45 Td (capital ) Tj ET Q q 0 0 0 rg BT 122.64 189.45 Td (allocation ) Tj ET Q q 0 0 0 rg BT 164.57 189.45 Td (activities ) Tj ET Q q 0 0 0 rg BT 203.17 189.45 Td (in ) Tj ET Q q 0 0 0 rg BT 213.45 189.45 Td (2016 ) Tj ET Q q 0 0 0 rg BT 235.95 189.45 Td (included ) Tj ET Q q 0 0 0 rg BT 272.88 189.45 Td (the ) Tj ET Q q 0 0 0 rg BT 287.60 189.45 Td (following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 171.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 171.45 Td ($150 ) Tj ET Q q 0 0 0 rg BT 89.39 171.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.28 171.45 Td ( ) Tj ET Q q 0 0 0 rg BT 120.16 171.45 Td (capital ) Tj ET Q q 0 0 0 rg BT 148.70 171.45 Td (returned ) Tj ET Q q 0 0 0 rg BT 183.90 171.45 Td (to ) Tj ET Q q 0 0 0 rg BT 193.57 171.45 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 248.49 171.45 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.15 171.45 Td ($132 ) Tj ET Q q 0 0 0 rg BT 310.04 171.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.93 171.45 Td ( ) Tj ET Q q 0 0 0 rg BT 340.81 171.45 Td (declared ) Tj ET Q q 0 0 0 rg BT 376.56 171.45 Td (in ) Tj ET Q q 0 0 0 rg BT 386.23 171.45 Td (dividends ) Tj ET Q q 0 0 0 rg BT 427.00 171.45 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.32 171.45 Td ($18 ) Tj ET Q q 0 0 0 rg BT 460.21 171.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.10 171.45 Td ( ) Tj ET Q q 0 0 0 rg BT 490.99 171.45 Td (for ) Tj ET Q q 0 0 0 rg BT 504.54 171.45 Td (common ) Tj ET Q q 0 0 0 rg BT 541.42 171.45 Td (share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 159.45 Td (repurchases;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 141.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 141.45 Td ($162 ) Tj ET Q q 0 0 0 rg BT 89.88 141.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.77 141.45 Td ( ) Tj ET Q q 0 0 0 rg BT 121.16 141.45 Td (towards ) Tj ET Q q 0 0 0 rg BT 155.20 141.45 Td (construction ) Tj ET Q q 0 0 0 rg BT 207.02 141.45 Td (of ) Tj ET Q q 0 0 0 rg BT 217.73 141.45 Td (the ) Tj ET Q q 0 0 0 rg BT 232.33 141.45 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 262.49 141.45 Td (EfW) Tj ET Q q 0 0 0 rg BT 281.19 141.45 Td ( ) Tj ET Q q 0 0 0 rg BT 283.57 141.45 Td (facility) Tj ET Q q 0 0 0 rg BT 311.24 141.45 Td (, ) Tj ET Q q 0 0 0 rg BT 316.12 141.45 Td (of ) Tj ET Q q 0 0 0 rg BT 326.84 141.45 Td (which ) Tj ET Q q 0 0 0 rg BT 353.66 141.45 Td ($155 ) Tj ET Q q 0 0 0 rg BT 376.04 141.45 Td (million ) Tj ET Q q 0 0 0 rg BT 407.31 141.45 Td (was ) Tj ET Q q 0 0 0 rg BT 425.25 141.45 Td (funded ) Tj ET Q q 0 0 0 rg BT 455.40 141.45 Td (by ) Tj ET Q q 0 0 0 rg BT 467.78 141.45 Td (limited ) Tj ET Q q 0 0 0 rg BT 498.50 141.45 Td (recourse ) Tj ET Q q 0 0 0 rg BT 534.75 141.45 Td (project ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 129.45 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 111.11 129.45 Td (financing; ) Tj ET Q q 0 0 0 rg BT 154.15 129.45 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 111.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 111.45 Td ($91 ) Tj ET Q q 0 0 0 rg BT 84.88 111.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.77 111.45 Td ( ) Tj ET Q q 0 0 0 rg BT 116.16 111.45 Td (for ) Tj ET Q q 0 0 0 rg BT 130.20 111.45 Td (other ) Tj ET Q q 0 0 0 rg BT 153.13 111.45 Td (growth ) Tj ET Q q 0 0 0 rg BT 183.84 111.45 Td (investments, ) Tj ET Q q 0 0 0 rg BT 236.49 111.45 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.65 111.45 Td ($33 ) Tj ET Q q 0 0 0 rg BT 294.03 111.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.92 111.45 Td ( ) Tj ET Q q 0 0 0 rg BT 325.30 111.45 Td (towards ) Tj ET Q q 0 0 0 rg BT 359.35 111.45 Td (the ) Tj ET Q q 0 0 0 rg BT 373.94 111.45 Td (Essex ) Tj ET Q q 0 0 0 rg BT 399.66 111.45 Td (County ) Tj ET Q q 0 0 0 rg BT 431.49 111.45 Td (facility ) Tj ET Q q 0 0 0 rg BT 462.19 111.45 Td (emissions ) Tj ET Q q 0 0 0 rg BT 504.02 111.45 Td (control ) Tj ET Q q 0 0 0 rg BT 534.73 111.45 Td (system ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 99.45 Td (upgrade, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.38 99.45 Td ($9 ) Tj ET Q q 0 0 0 rg BT 116.56 99.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.45 99.45 Td ( ) Tj ET Q q 0 0 0 rg BT 147.63 99.45 Td (to ) Tj ET Q q 0 0 0 rg BT 157.58 99.45 Td (acquire ) Tj ET Q q 0 0 0 rg BT 189.18 99.45 Td (environmental ) Tj ET Q q 0 0 0 rg BT 249.12 99.45 Td (services ) Tj ET Q q 0 0 0 rg BT 283.50 99.45 Td (businesses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.40 99.45 Td ($3 ) Tj ET Q q 0 0 0 rg BT 342.58 99.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.47 99.45 Td ( ) Tj ET Q q 0 0 0 rg BT 373.65 99.45 Td (related ) Tj ET Q q 0 0 0 rg BT 403.03 99.45 Td (to ) Tj ET Q q 0 0 0 rg BT 412.98 99.45 Td (our ) Tj ET Q q 0 0 0 rg BT 428.49 99.45 Td (New ) Tj ET Q q 0 0 0 rg BT 449.22 99.45 Td (Y) Tj ET Q q 0 0 0 rg BT 455.44 99.45 Td (ork ) Tj ET Q q 0 0 0 rg BT 470.95 99.45 Td (City ) Tj ET Q q 0 0 0 rg BT 490.35 99.45 Td (transportation ) Tj ET Q q 0 0 0 rg BT 548.07 99.45 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 87.45 Td (disposal ) Tj ET Q q 0 0 0 rg BT 103.06 87.45 Td (contract, ) Tj ET Q q 0 0 0 rg BT 140.54 87.45 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.76 87.45 Td ($46 ) Tj ET Q q 0 0 0 rg BT 175.54 87.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.43 87.45 Td ( ) Tj ET Q q 0 0 0 rg BT 207.21 87.45 Td (for ) Tj ET Q q 0 0 0 rg BT 221.65 87.45 Td (various ) Tj ET Q q 0 0 0 rg BT 253.87 87.45 Td (or) Tj ET Q q 0 0 0 rg BT 262.02 87.45 Td (ganic ) Tj ET Q q 0 0 0 rg BT 286.45 87.45 Td (growth ) Tj ET Q q 0 0 0 rg BT 317.56 87.45 Td (investments, ) Tj ET Q q 0 0 0 rg BT 370.62 87.45 Td (including ) Tj ET Q q 0 0 0 rg BT 411.17 87.45 Td (metals ) Tj ET Q q 0 0 0 rg BT 440.05 87.45 Td (recovery ) Tj ET Q q 0 0 0 rg BT 477.81 87.45 Td (projects, ) Tj ET Q q 0 0 0 rg BT 514.74 87.45 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 75.45 Td (related ) Tj ET Q q 0 0 0 rg BT 97.20 75.45 Td (to ) Tj ET Q q 0 0 0 rg BT 107.48 75.45 Td (our ) Tj ET Q q 0 0 0 rg BT 123.31 75.45 Td (profiled ) Tj ET Q q 0 0 0 rg BT 157.47 75.45 Td (waste ) Tj ET Q q 0 0 0 rg BT 182.73 75.45 Td (and ) Tj ET Q q 0 0 0 rg BT 199.67 75.45 Td (environmental ) Tj ET Q q 0 0 0 rg BT 259.93 75.45 Td (services ) Tj ET Q q 0 0 0 rg BT 294.64 75.45 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 341.86 75.45 Td (and ) Tj ET Q q 0 0 0 rg BT 358.80 75.45 Td (continuous ) Tj ET Q q 0 0 0 rg BT 405.19 75.45 Td (improvement ) Tj ET Q q 0 0 0 rg BT 461.01 75.45 Td (projects.) Tj ET Q endstream endobj 17 0 obj <>] /Rotate 0 /Contents 18 0 R>> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (8) 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 49.5 740.68505859375 m 188.52099609375 740.68505859375 l s q 0 0 0 rg BT 49.50 742.25 Td (NOR) Tj ET Q q 0 0 0 rg BT 71.37 742.25 Td (TH ) Tj ET Q q 0 0 0 rg BT 87.77 742.25 Td (AMERICA) Tj ET Q q 0 0 0 rg BT 136.10 742.25 Td ( SEGMENT) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 724.25 Td (Energy-fr) Tj ET Q q 0 0 0 rg BT 91.53 724.25 Td (om-W) Tj ET Q q 0 0 0 rg BT 117.63 724.25 Td (aste ) Tj ET Q q 0 0 0 rg BT 136.79 724.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 147.16 724.25 Td (ojects) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 706.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 75.62 706.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 94.31 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 95.88 706.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 129.10 706.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 164.53 706.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 197.74 706.25 Td (from ) Tj ET Q q 0 0 0 rg BT 218.74 706.25 Td (three ) Tj ET Q q 0 0 0 rg BT 240.29 706.25 Td (main ) Tj ET Q q 0 0 0 rg BT 261.85 706.25 Td (sources: ) Tj ET Q q 0 0 0 rg BT 296.18 706.25 Td (\(1\)fees ) Tj ET Q q 0 0 0 rg BT 328.01 706.25 Td (char) Tj ET Q q 0 0 0 rg BT 345.03 706.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 361.04 706.25 Td (for ) Tj ET Q q 0 0 0 rg BT 374.26 706.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 413.59 706.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 446.81 706.25 Td (or ) Tj ET Q q 0 0 0 rg BT 456.71 706.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 501.04 706.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 525.37 706.25 Td (received; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.25 Td (\(2\)the ) Tj ET Q q 0 0 0 rg BT 78.01 694.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 95.70 694.25 Td (of ) Tj ET Q q 0 0 0 rg BT 106.16 694.25 Td (electricity ) Tj ET Q q 0 0 0 rg BT 148.27 694.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 175.96 694.25 Td (steam; ) Tj ET Q q 0 0 0 rg BT 204.20 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 220.77 694.25 Td (\(3\)the ) Tj ET Q q 0 0 0 rg BT 249.29 694.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 266.97 694.25 Td (of ) Tj ET Q q 0 0 0 rg BT 277.43 694.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 307.89 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 324.47 694.25 Td (non-ferrous ) Tj ET Q q 0 0 0 rg BT 373.25 694.25 Td (metals ) Tj ET Q q 0 0 0 rg BT 401.49 694.25 Td (that ) Tj ET Q q 0 0 0 rg BT 418.62 694.25 Td (are ) Tj ET Q q 0 0 0 rg BT 432.97 694.25 Td (recovered ) Tj ET Q q 0 0 0 rg BT 474.52 694.25 Td (from ) Tj ET Q q 0 0 0 rg BT 496.09 694.25 Td (the ) Tj ET Q q 0 0 0 rg BT 510.44 694.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 535.35 694.25 Td (stream ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.71 682.25 Td (part ) Tj ET Q q 0 0 0 rg BT 79.14 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 90.35 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 105.44 682.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 124.14 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 127.02 682.25 Td (process. ) Tj ET Q q 0 0 0 rg BT 162.18 682.25 Td (W) Tj ET Q q 0 0 0 rg BT 170.82 682.25 Td (e ) Tj ET Q q 0 0 0 rg BT 178.14 682.25 Td (may ) Tj ET Q q 0 0 0 rg BT 198.23 682.25 Td (also ) Tj ET Q q 0 0 0 rg BT 217.22 682.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 253.96 682.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 296.83 682.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 331.36 682.25 Td (from ) Tj ET Q q 0 0 0 rg BT 353.68 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 368.77 682.25 Td (construction, ) Tj ET Q q 0 0 0 rg BT 423.59 682.25 Td (expansion ) Tj ET Q q 0 0 0 rg BT 467.02 682.25 Td (or ) Tj ET Q q 0 0 0 rg BT 478.23 682.25 Td (upgrade ) Tj ET Q q 0 0 0 rg BT 513.31 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 524.52 682.25 Td (a ) Tj ET Q q 0 0 0 rg BT 531.84 682.25 Td (facility) Tj ET Q q 0 0 0 rg BT 559.51 682.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.25 Td (when ) Tj ET Q q 0 0 0 rg BT 72.98 670.25 Td (a ) Tj ET Q q 0 0 0 rg BT 79.24 670.25 Td (municipal ) Tj ET Q q 0 0 0 rg BT 121.05 670.25 Td (client ) Tj ET Q q 0 0 0 rg BT 145.08 670.25 Td (owns ) Tj ET Q q 0 0 0 rg BT 168.02 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 182.05 670.25 Td (facility) Tj ET Q q 0 0 0 rg BT 209.72 670.25 Td (. ) Tj ET Q q 0 0 0 rg BT 214.04 670.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 231.42 670.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 273.78 670.25 Td (for ) Tj ET Q q 0 0 0 rg BT 287.26 670.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 311.85 670.25 Td (services ) Tj ET Q q 0 0 0 rg BT 345.88 670.25 Td (or ) Tj ET Q q 0 0 0 rg BT 356.03 670.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 386.17 670.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 429.65 670.25 Td (are ) Tj ET Q q 0 0 0 rg BT 443.67 670.25 Td (principally ) Tj ET Q q 0 0 0 rg BT 488.81 670.25 Td (municipal ) Tj ET Q q 0 0 0 rg BT 530.63 670.25 Td (entities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.25 Td (though ) Tj ET Q q 0 0 0 rg BT 79.08 658.25 Td (we ) Tj ET Q q 0 0 0 rg BT 92.54 658.25 Td (also ) Tj ET Q q 0 0 0 rg BT 110.44 658.25 Td (market ) Tj ET Q q 0 0 0 rg BT 140.00 658.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 174.58 658.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 209.69 658.25 Td (at ) Tj ET Q q 0 0 0 rg BT 218.70 658.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 247.71 658.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 283.93 658.25 Td (to ) Tj ET Q q 0 0 0 rg BT 293.51 658.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 342.50 658.25 Td (customers. ) Tj ET Q q 0 0 0 rg BT 387.35 658.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 404.70 658.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 440.93 658.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 479.94 658.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 495.62 658.25 Td (electricity) Tj ET Q q 0 0 0 rg BT 534.95 658.25 Td (, ) Tj ET Q q 0 0 0 rg BT 539.25 658.25 Td (either ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.71 646.25 Td (utilities ) Tj ET Q q 0 0 0 rg BT 94.13 646.25 Td (at ) Tj ET Q q 0 0 0 rg BT 104.78 646.25 Td (contracted ) Tj ET Q q 0 0 0 rg BT 149.84 646.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 172.15 646.25 Td (or) Tj ET Q q 0 0 0 rg BT 180.08 646.25 Td (, ) Tj ET Q q 0 0 0 rg BT 186.00 646.25 Td (in ) Tj ET Q q 0 0 0 rg BT 197.21 646.25 Td (situations ) Tj ET Q q 0 0 0 rg BT 238.97 646.25 Td (where ) Tj ET Q q 0 0 0 rg BT 266.83 646.25 Td (a ) Tj ET Q q 0 0 0 rg BT 274.69 646.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 310.32 646.25 Td (is ) Tj ET Q q 0 0 0 rg BT 320.42 646.25 Td (not ) Tj ET Q q 0 0 0 rg BT 336.62 646.25 Td (in ) Tj ET Q q 0 0 0 rg BT 347.83 646.25 Td (place, ) Tj ET Q q 0 0 0 rg BT 374.85 646.25 Td (at ) Tj ET Q q 0 0 0 rg BT 385.49 646.25 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 429.46 646.25 Td (market ) Tj ET Q q 0 0 0 rg BT 460.65 646.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 482.95 646.25 Td (in ) Tj ET Q q 0 0 0 rg BT 494.16 646.25 Td (regional ) Tj ET Q q 0 0 0 rg BT 530.35 646.25 Td (markets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.25 Td (\(primarily ) Tj ET Q q 0 0 0 rg BT 92.03 634.25 Td (PJM, ) Tj ET Q q 0 0 0 rg BT 114.85 634.25 Td (NEPOOL) Tj ET Q q 0 0 0 rg BT 153.93 634.25 Td ( ) Tj ET Q q 0 0 0 rg BT 155.91 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.33 634.25 Td (NYISO ) Tj ET Q q 0 0 0 rg BT 204.87 634.25 Td (in ) Tj ET Q q 0 0 0 rg BT 214.64 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.84 634.25 Td (Northeastern ) Tj ET Q q 0 0 0 rg BT 282.47 634.25 Td (United ) Tj ET Q q 0 0 0 rg BT 311.67 634.25 Td (States\), ) Tj ET Q q 0 0 0 rg BT 343.37 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 359.79 634.25 Td (in ) Tj ET Q q 0 0 0 rg BT 369.55 634.25 Td (some ) Tj ET Q q 0 0 0 rg BT 392.64 634.25 Td (cases ) Tj ET Q q 0 0 0 rg BT 415.73 634.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 431.60 634.25 Td (steam ) Tj ET Q q 0 0 0 rg BT 456.91 634.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 489.43 634.25 Td (to ) Tj ET Q q 0 0 0 rg BT 499.19 634.25 Td (industrial ) Tj ET Q q 0 0 0 rg BT 538.95 634.25 Td (users.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 616.25 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 616.25 Td (e ) Tj ET Q q 0 0 0 rg BT 73.67 616.25 Td (also ) Tj ET Q q 0 0 0 rg BT 91.87 616.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 123.39 616.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 151.02 616.25 Td (have ) Tj ET Q q 0 0 0 rg BT 171.99 616.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 215.75 616.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 253.96 616.25 Td (in ) Tj ET Q q 0 0 0 rg BT 263.83 616.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 323.68 616.25 Td (services ) Tj ET Q q 0 0 0 rg BT 357.98 616.25 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 404.79 616.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 437.42 616.25 Td (stations ) Tj ET Q q 0 0 0 rg BT 470.07 616.25 Td (and ) Tj ET Q q 0 0 0 rg BT 486.60 616.25 Td (landfills ) Tj ET Q q 0 0 0 rg BT 521.47 616.25 Td (\(primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 604.25 Td (for ) Tj ET Q q 0 0 0 rg BT 62.86 604.25 Td (ash ) Tj ET Q q 0 0 0 rg BT 77.89 604.25 Td (disposal\) ) Tj ET Q q 0 0 0 rg BT 115.70 604.25 Td (that ) Tj ET Q q 0 0 0 rg BT 132.40 604.25 Td (are ) Tj ET Q q 0 0 0 rg BT 146.31 604.25 Td (ancillary ) Tj ET Q q 0 0 0 rg BT 182.99 604.25 Td (and ) Tj ET Q q 0 0 0 rg BT 199.13 604.25 Td (complementary ) Tj ET Q q 0 0 0 rg BT 263.03 604.25 Td (to ) Tj ET Q q 0 0 0 rg BT 272.51 604.25 Td (our ) Tj ET Q q 0 0 0 rg BT 287.54 604.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 306.24 604.25 Td ( ) Tj ET Q q 0 0 0 rg BT 307.94 604.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 341.30 604.25 Td (and ) Tj ET Q q 0 0 0 rg BT 357.44 604.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 393.00 604.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 434.69 604.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 468.04 604.25 Td (from ) Tj ET Q q 0 0 0 rg BT 489.18 604.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 523.66 604.25 Td (or ) Tj ET Q q 0 0 0 rg BT 533.69 604.25 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 592.25 Td (fees.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 58.5 572.68505859375 m 161.1220703125 572.68505859375 l s q 0 0 0 rg BT 58.50 574.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 77.21 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 79.71 574.25 Td (Contract ) Tj ET Q q 0 0 0 rg BT 118.33 574.25 Td (Structures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 556.25 Td (Most ) Tj ET Q q 0 0 0 rg BT 81.21 556.25 Td (of ) Tj ET Q q 0 0 0 rg BT 91.70 556.25 Td (our ) Tj ET Q q 0 0 0 rg BT 107.18 556.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 125.88 556.25 Td ( ) Tj ET Q q 0 0 0 rg BT 128.03 556.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 161.83 556.25 Td (were ) Tj ET Q q 0 0 0 rg BT 183.42 556.25 Td (developed ) Tj ET Q q 0 0 0 rg BT 226.66 556.25 Td (and ) Tj ET Q q 0 0 0 rg BT 243.25 556.25 Td (structured ) Tj ET Q q 0 0 0 rg BT 285.39 556.25 Td (contractually ) Tj ET Q q 0 0 0 rg BT 339.74 556.25 Td (as ) Tj ET Q q 0 0 0 rg BT 350.22 556.25 Td (part ) Tj ET Q q 0 0 0 rg BT 367.92 556.25 Td (of ) Tj ET Q q 0 0 0 rg BT 378.40 556.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 427.76 556.25 Td (procurement ) Tj ET Q q 0 0 0 rg BT 480.45 556.25 Td (processes ) Tj ET Q q 0 0 0 rg BT 520.92 556.25 Td (conducted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.25 Td (by ) Tj ET Q q 0 0 0 rg BT 61.39 544.25 Td (municipal ) Tj ET Q q 0 0 0 rg BT 103.26 544.25 Td (entities. ) Tj ET Q q 0 0 0 rg BT 136.12 544.25 Td (As ) Tj ET Q q 0 0 0 rg BT 149.12 544.25 Td (a ) Tj ET Q q 0 0 0 rg BT 155.44 544.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 182.05 544.25 Td (many ) Tj ET Q q 0 0 0 rg BT 206.15 544.25 Td (of ) Tj ET Q q 0 0 0 rg BT 216.37 544.25 Td (these ) Tj ET Q q 0 0 0 rg BT 238.80 544.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 272.35 544.25 Td (have ) Tj ET Q q 0 0 0 rg BT 293.11 544.25 Td (common ) Tj ET Q q 0 0 0 rg BT 329.99 544.25 Td (features. ) Tj ET Q q 0 0 0 rg BT 366.02 544.25 Td (However) Tj ET Q q 0 0 0 rg BT 402.27 544.25 Td (, ) Tj ET Q q 0 0 0 rg BT 406.66 544.25 Td (each ) Tj ET Q q 0 0 0 rg BT 426.86 544.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 473.17 544.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 516.70 544.25 Td (is ) Tj ET Q q 0 0 0 rg BT 525.26 544.25 Td (dif) Tj ET Q q 0 0 0 rg BT 536.18 544.25 Td (ferent, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 532.25 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 90.31 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 105.03 532.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 138.62 532.25 Td (needs ) Tj ET Q q 0 0 0 rg BT 163.89 532.25 Td (and ) Tj ET Q q 0 0 0 rg BT 180.83 532.25 Td (concerns ) Tj ET Q q 0 0 0 rg BT 218.87 532.25 Td (of ) Tj ET Q q 0 0 0 rg BT 229.70 532.25 Td (a ) Tj ET Q q 0 0 0 rg BT 236.63 532.25 Td (client ) Tj ET Q q 0 0 0 rg BT 261.35 532.25 Td (community) Tj ET Q q 0 0 0 rg BT 306.25 532.25 Td (, ) Tj ET Q q 0 0 0 rg BT 311.25 532.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 354.84 532.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 398.43 532.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 453.13 532.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 481.18 532.25 Td (other ) Tj ET Q q 0 0 0 rg BT 504.23 532.25 Td (factors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 514.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 76.21 514.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 94.90 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 97.05 514.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 130.86 514.25 Td (can ) Tj ET Q q 0 0 0 rg BT 146.89 514.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 186.25 514.25 Td (be ) Tj ET Q q 0 0 0 rg BT 197.84 514.25 Td (divided ) Tj ET Q q 0 0 0 rg BT 229.99 514.25 Td (into ) Tj ET Q q 0 0 0 rg BT 247.70 514.25 Td (three ) Tj ET Q q 0 0 0 rg BT 269.84 514.25 Td (categories, ) Tj ET Q q 0 0 0 rg BT 315.02 514.25 Td (based ) Tj ET Q q 0 0 0 rg BT 339.95 514.25 Td (on ) Tj ET Q q 0 0 0 rg BT 352.10 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 366.47 514.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 409.71 514.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 444.07 514.25 Td (structure ) Tj ET Q q 0 0 0 rg BT 481.21 514.25 Td (at ) Tj ET Q q 0 0 0 rg BT 490.58 514.25 Td (a ) Tj ET Q q 0 0 0 rg BT 497.17 514.25 Td (project: ) Tj ET Q q 0 0 0 rg BT 529.86 514.25 Td (\(1\)T) Tj ET Q q 0 0 0 rg BT 554.22 514.25 Td (ip ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.25 Td (Fee ) Tj ET Q q 0 0 0 rg BT 70.65 502.25 Td (projects; ) Tj ET Q q 0 0 0 rg BT 107.35 502.25 Td (\(2\)Service ) Tj ET Q q 0 0 0 rg BT 158.21 502.25 Td (Fee ) Tj ET Q q 0 0 0 rg BT 179.36 502.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 213.29 502.25 Td (that ) Tj ET Q q 0 0 0 rg BT 230.55 502.25 Td (we ) Tj ET Q q 0 0 0 rg BT 244.49 502.25 Td (own; ) Tj ET Q q 0 0 0 rg BT 266.76 502.25 Td (and ) Tj ET Q q 0 0 0 rg BT 283.47 502.25 Td (\(3\)Service ) Tj ET Q q 0 0 0 rg BT 334.32 502.25 Td (Fee ) Tj ET Q q 0 0 0 rg BT 355.47 502.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 389.40 502.25 Td (that ) Tj ET Q q 0 0 0 rg BT 406.67 502.25 Td (we ) Tj ET Q q 0 0 0 rg BT 420.60 502.25 Td (do ) Tj ET Q q 0 0 0 rg BT 432.87 502.25 Td (not ) Tj ET Q q 0 0 0 rg BT 447.92 502.25 Td (own ) Tj ET Q q 0 0 0 rg BT 467.42 502.25 Td (but ) Tj ET Q q 0 0 0 rg BT 482.47 502.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 514.16 502.25 Td (on ) Tj ET Q q 0 0 0 rg BT 526.43 502.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 553.69 502.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.50 490.25 Td (municipal ) Tj ET Q q 0 0 0 rg BT 99.05 490.25 Td (owner) Tj ET Q q 0 0 0 rg BT 123.49 490.25 Td (. ) Tj ET Q q 0 0 0 rg BT 128.55 490.25 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 197.78 490.25 Td (distinctions ) Tj ET Q q 0 0 0 rg BT 246.45 490.25 Td (among ) Tj ET Q q 0 0 0 rg BT 276.23 490.25 Td (these ) Tj ET Q q 0 0 0 rg BT 299.34 490.25 Td (general ) Tj ET Q q 0 0 0 rg BT 331.32 490.25 Td (classifications ) Tj ET Q q 0 0 0 rg BT 390.53 490.25 Td (in ) Tj ET Q q 0 0 0 rg BT 400.87 490.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 435.64 490.25 Td (structures, ) Tj ET Q q 0 0 0 rg BT 479.57 490.25 Td (in ) Tj ET Q q 0 0 0 rg BT 489.91 490.25 Td (all ) Tj ET Q q 0 0 0 rg BT 502.47 490.25 Td (cases ) Tj ET Q q 0 0 0 rg BT 526.13 490.25 Td (we ) Tj ET Q q 0 0 0 rg BT 540.35 490.25 Td (focus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.76 478.25 Td (a ) Tj ET Q q 0 0 0 rg BT 70.46 478.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 113.72 478.25 Td (set ) Tj ET Q q 0 0 0 rg BT 128.08 478.25 Td (of ) Tj ET Q q 0 0 0 rg BT 139.68 478.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 193.46 478.25 Td (indicators ) Tj ET Q q 0 0 0 rg BT 236.15 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 247.19 478.25 Td (optimize ) Tj ET Q q 0 0 0 rg BT 285.44 478.25 Td (service ) Tj ET Q q 0 0 0 rg BT 317.02 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 328.06 478.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 371.87 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 389.57 478.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 430.59 478.25 Td (results:\(i\) ) Tj ET Q q 0 0 0 rg BT 472.18 478.25 Td (boiler ) Tj ET Q q 0 0 0 rg BT 498.76 478.25 Td (availability; ) Tj ET Q q 0 0 0 rg BT 549.79 478.25 Td (\(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.25 Td (turbine ) Tj ET Q q 0 0 0 rg BT 79.80 466.25 Td (availability; ) Tj ET Q q 0 0 0 rg BT 129.53 466.25 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 146.50 466.25 Td (safety ) Tj ET Q q 0 0 0 rg BT 172.35 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 188.76 466.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 248.49 466.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 300.99 466.25 Td (measures; ) Tj ET Q q 0 0 0 rg BT 342.95 466.25 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 359.36 466.25 Td (tons ) Tj ET Q q 0 0 0 rg BT 378.00 466.25 Td (processed; ) Tj ET Q q 0 0 0 rg BT 422.18 466.25 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 435.81 466.25 Td (steam ) Tj ET Q q 0 0 0 rg BT 461.11 466.25 Td (sold; ) Tj ET Q q 0 0 0 rg BT 482.53 466.25 Td (\(vi\) ) Tj ET Q q 0 0 0 rg BT 498.94 466.25 Td (megawatt ) Tj ET Q q 0 0 0 rg BT 539.79 466.25 Td (hours ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.25 Td (sold; ) Tj ET Q q 0 0 0 rg BT 71.45 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 88.39 454.25 Td (\(vii\) ) Tj ET Q q 0 0 0 rg BT 108.10 454.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 144.47 454.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 169.18 454.25 Td (tons ) Tj ET Q q 0 0 0 rg BT 188.35 454.25 Td (sold. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 436.25 Td (The ) Tj ET Q q 0 0 0 rg BT 77.58 436.25 Td (following ) Tj ET Q q 0 0 0 rg BT 119.99 436.25 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 171.29 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.03 436.25 Td (typical ) Tj ET Q q 0 0 0 rg BT 217.77 436.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 265.72 436.25 Td (and ) Tj ET Q q 0 0 0 rg BT 283.69 436.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 326.09 436.25 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 386.81 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 398.67 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.41 436.25 Td (three ) Tj ET Q q 0 0 0 rg BT 437.93 436.25 Td (project ) Tj ET Q q 0 0 0 rg BT 469.22 436.25 Td (structures ) Tj ET Q q 0 0 0 rg BT 511.63 436.25 Td (in ) Tj ET Q q 0 0 0 rg BT 522.93 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 538.68 436.25 Td (North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.25 Td (America ) Tj ET Q q 0 0 0 rg BT 86.42 424.25 Td (segment:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 413.75 m 140 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 390.75 m 140 390.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 140 413.75 m 144 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 140 390.75 m 144 390.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144 413.75 m 276 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144 390.75 m 276 390.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 413.75 m 280 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 390.75 m 280 390.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 413.75 m 432 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 390.75 m 432 390.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 413.75 m 436 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 390.75 m 436 390.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 413.75 m 562 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 390.75 m 562 390.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 376.75 m 140 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 140 376.75 m 144 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144 376.75 m 276 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 376.75 m 280 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 376.75 m 432 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 376.75 m 436 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 376.75 m 562 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 353.75 m 140 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 140 353.75 m 144 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144 353.75 m 276 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 353.75 m 280 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 353.75 m 432 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 353.75 m 436 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 353.75 m 562 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 330.75 m 140 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 140 330.75 m 144 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144 330.75 m 276 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 330.75 m 280 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 330.75 m 432 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 330.75 m 436 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 330.75 m 562 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 307.75 m 140 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 140 307.75 m 144 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144 307.75 m 276 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 307.75 m 280 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 307.75 m 432 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 284.75 m 432 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 307.75 m 436 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 284.75 m 436 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 307.75 m 562 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 284.75 m 562 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 284.75 m 140 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 140 284.75 m 144 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144 284.75 m 276 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 284.75 m 280 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 284.75 m 432 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 284.75 m 436 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 284.75 m 562 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 261.75 m 140 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 238.75 m 140 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 140 261.75 m 144 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 140 238.75 m 144 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144 261.75 m 276 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144 238.75 m 276 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 261.75 m 280 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 238.75 m 280 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 261.75 m 432 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 238.75 m 432 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 261.75 m 436 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 238.75 m 436 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 261.75 m 562 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 238.75 m 562 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 197.75 m 140 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 140 197.75 m 144 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144 197.75 m 276 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 197.75 m 280 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 197.75 m 432 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 197.75 m 436 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 197.75 m 562 197.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 194.95 395.20 Td (Tip Fee) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 333.60 404.20 Td (Service Fee) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.75 395.20 Td (\(Owned\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 476.60 404.20 Td (Service Fee) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.25 395.20 Td (\(Operated\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 382.15 Td (Number of facilities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 205.00 381.21 Td (20) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.25 381.21 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 381.21 Td (17) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 368.15 Td (Client\(s\):) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 152.60 368.01 Td (Hostcommunityandmunicipal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 149.85 359.01 Td (and commercial waste customers) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 283.65 368.01 Td (Host community, with limited merchant) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.60 359.01 Td (capacity in some cases) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.35 368.01 Td (Dedicated to host community) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 359.01 Td (exclusively) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 345.15 Td (W) Tj ET Q q 0 0 0 rg BT 61.00 345.15 Td (aste or) Tj ET Q q 0 0 0 rg BT 86.58 345.15 Td ( service) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 336.15 Td (r) Tj ET Q q 0 0 0 rg BT 56.33 336.15 Td (evenue:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 172.10 345.01 Td (Per ton tipping fee) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.00 345.01 Td (Fixed fee, with performance incentives and inflation escalation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 322.15 Td (Energy revenue:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 169.75 322.01 Td (Covanta retains 100%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.00 321.21 Td (Share with client) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 332.15 312.21 Td (\(Covanta retains approximately20% on average\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 299.15 Td (Metals revenue:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 169.75 299.01 Td (Covanta retains 100%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.00 298.21 Td (Share with client) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.00 289.21 Td (\(Covanta typically retains approximately50%\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 276.15 Td (Operating costs:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 160.85 276.01 Td (Covanta responsible for all) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 182.35 267.01 Td (operating costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.00 276.01 Td (Pass through certain costs to municipal client) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.00 267.01 Td (\(e.g. ash disposal\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 253.15 Td (Project debt service:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 161.25 253.01 Td (Covanta project subsidiary) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 189.00 244.01 Td (responsible) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.75 253.01 Td (Paid by client explicitly as part of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.10 244.01 Td (service fee) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.60 253.01 Td (Client responsible for debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.75 244.01 Td (service) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 230.15 Td (After) Tj ET Q q 0 0 0 rg BT 72.82 230.15 Td ( service contract) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 221.15 Td (expiration:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 201.95 230.01 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 285.60 230.01 Td (Covanta owns the facility; clients have) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.60 221.01 Td (certain rights set forth in contracts;) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 286.75 212.01 Td (facility converts to Tip Fee or remains) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.50 203.01 Td (Service Fee with new terms) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.00 230.01 Td (Client owns the facility; extend) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.10 221.01 Td (with Covanta or tender for new) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 212.01 Td (contract) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 180.25 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 180.25 Td (e ) Tj ET Q q 0 0 0 rg BT 74.18 180.25 Td (are ) Tj ET Q q 0 0 0 rg BT 88.99 180.25 Td (principally ) Tj ET Q q 0 0 0 rg BT 134.91 180.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 183.06 180.25 Td (for ) Tj ET Q q 0 0 0 rg BT 197.32 180.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 226.57 180.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 249.17 180.25 Td (in ) Tj ET Q q 0 0 0 rg BT 259.55 180.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 296.58 180.25 Td (that ) Tj ET Q q 0 0 0 rg BT 314.18 180.25 Td (we ) Tj ET Q q 0 0 0 rg BT 328.44 180.25 Td (own; ) Tj ET Q q 0 0 0 rg BT 351.04 180.25 Td (however) Tj ET Q q 0 0 0 rg BT 385.07 180.25 Td (, ) Tj ET Q q 0 0 0 rg BT 390.17 180.25 Td (client ) Tj ET Q q 0 0 0 rg BT 414.99 180.25 Td (communities ) Tj ET Q q 0 0 0 rg BT 469.25 180.25 Td (may ) Tj ET Q q 0 0 0 rg BT 489.07 180.25 Td (have ) Tj ET Q q 0 0 0 rg BT 510.54 180.25 Td (a ) Tj ET Q q 0 0 0 rg BT 517.58 180.25 Td (contractual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 168.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 91.64 168.25 Td (to ) Tj ET Q q 0 0 0 rg BT 101.00 168.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 120.92 168.25 Td (a ) Tj ET Q q 0 0 0 rg BT 126.95 168.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 157.42 168.25 Td (of ) Tj ET Q q 0 0 0 rg BT 167.34 168.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 196.13 168.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 224.36 168.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 248.45 168.25 Td (particularly ) Tj ET Q q 0 0 0 rg BT 296.13 168.25 Td (if ) Tj ET Q q 0 0 0 rg BT 303.82 168.25 Td (required ) Tj ET Q q 0 0 0 rg BT 338.72 168.25 Td (by ) Tj ET Q q 0 0 0 rg BT 350.31 168.25 Td (a ) Tj ET Q q 0 0 0 rg BT 356.34 168.25 Td (change ) Tj ET Q q 0 0 0 rg BT 386.24 168.25 Td (in ) Tj ET Q q 0 0 0 rg BT 395.60 168.25 Td (law) Tj ET Q q 0 0 0 rg BT 409.39 168.25 Td (. ) Tj ET Q q 0 0 0 rg BT 413.36 168.25 Td (W) Tj ET Q q 0 0 0 rg BT 422.00 168.25 Td (e ) Tj ET Q q 0 0 0 rg BT 428.03 168.25 Td (also ) Tj ET Q q 0 0 0 rg BT 445.72 168.25 Td (may ) Tj ET Q q 0 0 0 rg BT 464.53 168.25 Td (be ) Tj ET Q q 0 0 0 rg BT 475.55 168.25 Td (required ) Tj ET Q q 0 0 0 rg BT 510.45 168.25 Td (to ) Tj ET Q q 0 0 0 rg BT 519.82 168.25 Td (participate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 156.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.22 156.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 87.81 156.25 Td (improvements ) Tj ET Q q 0 0 0 rg BT 146.96 156.25 Td (for ) Tj ET Q q 0 0 0 rg BT 160.56 156.25 Td (non-owned ) Tj ET Q q 0 0 0 rg BT 207.49 156.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 243.86 156.25 Td (that ) Tj ET Q q 0 0 0 rg BT 260.79 156.25 Td (we ) Tj ET Q q 0 0 0 rg BT 274.39 156.25 Td (operate, ) Tj ET Q q 0 0 0 rg BT 308.26 156.25 Td (which ) Tj ET Q q 0 0 0 rg BT 334.64 156.25 Td (would ) Tj ET Q q 0 0 0 rg BT 361.58 156.25 Td (be ) Tj ET Q q 0 0 0 rg BT 372.96 156.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 415.43 156.25 Td (for ) Tj ET Q q 0 0 0 rg BT 429.03 156.25 Td (as ) Tj ET Q q 0 0 0 rg BT 439.30 156.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 479.00 156.25 Td (expense. ) Tj ET Q q 0 0 0 rg BT 515.65 156.25 Td (In ) Tj ET Q q 0 0 0 rg BT 525.92 156.25 Td (contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 144.25 Td (with ) Tj ET Q q 0 0 0 rg BT 69.70 144.25 Td (our ) Tj ET Q q 0 0 0 rg BT 85.45 144.25 Td (client ) Tj ET Q q 0 0 0 rg BT 110.08 144.25 Td (communities, ) Tj ET Q q 0 0 0 rg BT 166.66 144.25 Td (we ) Tj ET Q q 0 0 0 rg BT 180.75 144.25 Td (agree ) Tj ET Q q 0 0 0 rg BT 204.81 144.25 Td (to ) Tj ET Q q 0 0 0 rg BT 215.01 144.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 246.86 144.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.49 144.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 292.23 144.25 Td (and ) Tj ET Q q 0 0 0 rg BT 309.09 144.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 330.95 144.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 372.26 144.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 425.20 144.25 Td (standards. ) Tj ET Q q 0 0 0 rg BT 467.72 144.25 Td (T) Tj ET Q q 0 0 0 rg BT 473.13 144.25 Td (ypically) Tj ET Q q 0 0 0 rg BT 504.69 144.25 Td (, ) Tj ET Q q 0 0 0 rg BT 509.61 144.25 Td (these ) Tj ET Q q 0 0 0 rg BT 532.58 144.25 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 132.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 74.86 132.25 Td (processing, ) Tj ET Q q 0 0 0 rg BT 122.72 132.25 Td (ener) Tj ET Q q 0 0 0 rg BT 139.75 132.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 152.34 132.25 Td (ef) Tj ET Q q 0 0 0 rg BT 159.93 132.25 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 194.72 132.25 Td (standards, ) Tj ET Q q 0 0 0 rg BT 237.58 132.25 Td (ener) Tj ET Q q 0 0 0 rg BT 254.61 132.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 267.20 132.25 Td (production ) Tj ET Q q 0 0 0 rg BT 313.12 132.25 Td (and ) Tj ET Q q 0 0 0 rg BT 330.15 132.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 390.50 132.25 Td (standards. ) Tj ET Q q 0 0 0 rg BT 433.36 132.25 Td (Unexcused ) Tj ET Q q 0 0 0 rg BT 480.38 132.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 509.06 132.25 Td (to ) Tj ET Q q 0 0 0 rg BT 519.43 132.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 541.46 132.25 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 120.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 103.28 120.25 Td (or ) Tj ET Q q 0 0 0 rg BT 113.18 120.25 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 140.86 120.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.66 120.25 Td (other ) Tj ET Q q 0 0 0 rg BT 176.78 120.25 Td (material ) Tj ET Q q 0 0 0 rg BT 211.11 120.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 234.90 120.25 Td (of ) Tj ET Q q 0 0 0 rg BT 244.81 120.25 Td (our ) Tj ET Q q 0 0 0 rg BT 259.71 120.25 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 305.43 120.25 Td (may ) Tj ET Q q 0 0 0 rg BT 324.22 120.25 Td (result ) Tj ET Q q 0 0 0 rg BT 348.01 120.25 Td (in ) Tj ET Q q 0 0 0 rg BT 357.36 120.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 393.92 120.25 Td (char) Tj ET Q q 0 0 0 rg BT 410.95 120.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 426.96 120.25 Td (to ) Tj ET Q q 0 0 0 rg BT 436.32 120.25 Td (us ) Tj ET Q q 0 0 0 rg BT 446.78 120.25 Td (or) Tj ET Q q 0 0 0 rg BT 454.71 120.25 Td (, ) Tj ET Q q 0 0 0 rg BT 458.79 120.25 Td (if ) Tj ET Q q 0 0 0 rg BT 466.47 120.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.26 120.25 Td (breach ) Tj ET Q q 0 0 0 rg BT 508.48 120.25 Td (is ) Tj ET Q q 0 0 0 rg BT 516.73 120.25 Td (substantial, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 108.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 95.23 108.25 Td (and ) Tj ET Q q 0 0 0 rg BT 112.62 108.25 Td (unremedied, ) Tj ET Q q 0 0 0 rg BT 165.27 108.25 Td (termination ) Tj ET Q q 0 0 0 rg BT 214.33 108.25 Td (of ) Tj ET Q q 0 0 0 rg BT 225.61 108.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.78 108.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 284.82 108.25 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 331.91 108.25 Td (If ) Tj ET Q q 0 0 0 rg BT 341.53 108.25 Td (one ) Tj ET Q q 0 0 0 rg BT 358.92 108.25 Td (or ) Tj ET Q q 0 0 0 rg BT 370.20 108.25 Td (more ) Tj ET Q q 0 0 0 rg BT 393.70 108.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 432.75 108.25 Td (were ) Tj ET Q q 0 0 0 rg BT 455.13 108.25 Td (terminated ) Tj ET Q q 0 0 0 rg BT 500.84 108.25 Td (for ) Tj ET Q q 0 0 0 rg BT 515.46 108.25 Td (our ) Tj ET Q q 0 0 0 rg BT 531.74 108.25 Td (default, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 96.25 Td (these ) Tj ET Q q 0 0 0 rg BT 71.56 96.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 117.48 96.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 153.98 96.25 Td (may ) Tj ET Q q 0 0 0 rg BT 172.70 96.25 Td (be ) Tj ET Q q 0 0 0 rg BT 183.65 96.25 Td (material ) Tj ET Q q 0 0 0 rg BT 217.92 96.25 Td (to ) Tj ET Q q 0 0 0 rg BT 227.21 96.25 Td (our ) Tj ET Q q 0 0 0 rg BT 242.04 96.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 261.32 96.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 281.16 96.25 Td (and ) Tj ET Q q 0 0 0 rg BT 297.11 96.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 333.60 96.25 Td (condition. ) Tj ET Q q 0 0 0 rg BT 375.27 96.25 Td (T) Tj ET Q q 0 0 0 rg BT 380.68 96.25 Td (o ) Tj ET Q q 0 0 0 rg BT 387.19 96.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 407.85 96.25 Td (we ) Tj ET Q q 0 0 0 rg BT 421.02 96.25 Td (have ) Tj ET Q q 0 0 0 rg BT 441.41 96.25 Td (not ) Tj ET Q q 0 0 0 rg BT 455.69 96.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 490.52 96.25 Td (material ) Tj ET Q q 0 0 0 rg BT 524.79 96.25 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 84.25 Td (under ) Tj ET Q q 0 0 0 rg BT 74.77 84.25 Td (such ) Tj ET Q q 0 0 0 rg BT 95.60 84.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 148.62 84.25 Td (guarantees.) Tj ET Q endstream endobj 19 0 obj <>] /Rotate 0 /Contents 20 0 R>> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (9) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 58.5 740.68505859375 m 203.2265625 740.68505859375 l s q 0 0 0 rg BT 58.50 742.25 Td (Contracted ) Tj ET Q q 0 0 0 rg BT 106.56 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 124.62 742.25 Td (Merchant ) Tj ET Q q 0 0 0 rg BT 167.68 742.25 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 724.25 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 724.25 Td (e ) Tj ET Q q 0 0 0 rg BT 74.21 724.25 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.71 724.25 Td (78%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.04 724.25 Td ( ) Tj ET Q q 0 0 0 rg BT 136.68 724.25 Td (of ) Tj ET Q q 0 0 0 rg BT 147.64 724.25 Td (our ) Tj ET Q q 0 0 0 rg BT 163.61 724.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 189.01 724.25 Td (and ) Tj ET Q q 0 0 0 rg BT 206.09 724.25 Td (service ) Tj ET Q q 0 0 0 rg BT 237.04 724.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 271.32 724.25 Td (in ) Tj ET Q q 0 0 0 rg BT 281.73 724.25 Td (the ) Tj ET Q q 0 0 0 rg BT 296.58 724.25 Td (North ) Tj ET Q q 0 0 0 rg BT 321.97 724.25 Td (America ) Tj ET Q q 0 0 0 rg BT 359.03 724.25 Td (segment ) Tj ET Q q 0 0 0 rg BT 394.99 724.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.40 724.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.40 724.25 Td ( ) Tj ET Q q 0 0 0 rg BT 428.04 724.25 Td (under ) Tj ET Q q 0 0 0 rg BT 453.44 724.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 492.17 724.25 Td (at ) Tj ET Q q 0 0 0 rg BT 502.03 724.25 Td (set ) Tj ET Q q 0 0 0 rg BT 515.77 724.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 539.78 724.25 Td (while ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 712.25 Td (22%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.83 712.25 Td ( ) Tj ET Q q 0 0 0 rg BT 70.01 712.25 Td (was ) Tj ET Q q 0 0 0 rg BT 87.75 712.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 128.80 712.25 Td (at ) Tj ET Q q 0 0 0 rg BT 138.20 712.25 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 180.92 712.25 Td (market ) Tj ET Q q 0 0 0 rg BT 210.87 712.25 Td (prices. ) Tj ET Q q 0 0 0 rg BT 239.43 712.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 257.17 712.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 282.12 712.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 317.08 712.25 Td (/ ) Tj ET Q q 0 0 0 rg BT 322.05 712.25 Td (service ) Tj ET Q q 0 0 0 rg BT 352.54 712.25 Td (and ) Tj ET Q q 0 0 0 rg BT 369.17 712.25 Td (ener) Tj ET Q q 0 0 0 rg BT 386.19 712.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 398.38 712.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 436.66 712.25 Td (expire ) Tj ET Q q 0 0 0 rg BT 463.83 712.25 Td (at ) Tj ET Q q 0 0 0 rg BT 473.23 712.25 Td (various ) Tj ET Q q 0 0 0 rg BT 504.85 712.25 Td (times ) Tj ET Q q 0 0 0 rg BT 528.70 712.25 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 700.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 72.00 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 88.93 700.25 Td (2038. ) Tj ET Q q 0 0 0 rg BT 113.38 700.25 Td (As ) Tj ET Q q 0 0 0 rg BT 126.99 700.25 Td (our ) Tj ET Q q 0 0 0 rg BT 142.81 700.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 181.40 700.25 Td (expire, ) Tj ET Q q 0 0 0 rg BT 211.39 700.25 Td (we ) Tj ET Q q 0 0 0 rg BT 225.54 700.25 Td (become ) Tj ET Q q 0 0 0 rg BT 259.13 700.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 289.95 700.25 Td (to ) Tj ET Q q 0 0 0 rg BT 300.23 700.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 330.48 700.25 Td (market ) Tj ET Q q 0 0 0 rg BT 360.74 700.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 378.24 700.25 Td (in ) Tj ET Q q 0 0 0 rg BT 388.51 700.25 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 438.78 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 455.71 700.25 Td (enhancing ) Tj ET Q q 0 0 0 rg BT 499.30 700.25 Td (our ) Tj ET Q q 0 0 0 rg BT 515.13 700.25 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 551.59 700.25 Td (T) Tj ET Q q 0 0 0 rg BT 557.00 700.25 Td (o ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 688.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 71.31 688.25 Td (we ) Tj ET Q q 0 0 0 rg BT 85.62 688.25 Td (have ) Tj ET Q q 0 0 0 rg BT 107.14 688.25 Td (been ) Tj ET Q q 0 0 0 rg BT 128.67 688.25 Td (successful ) Tj ET Q q 0 0 0 rg BT 172.42 688.25 Td (in ) Tj ET Q q 0 0 0 rg BT 182.85 688.25 Td (extending ) Tj ET Q q 0 0 0 rg BT 224.93 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 239.80 688.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 285.22 688.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 321.76 688.25 Td (of ) Tj ET Q q 0 0 0 rg BT 332.74 688.25 Td (our ) Tj ET Q q 0 0 0 rg BT 348.72 688.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 383.03 688.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 421.78 688.25 Td (to ) Tj ET Q q 0 0 0 rg BT 432.21 688.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 464.28 688.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 482.98 688.25 Td ( ) Tj ET Q q 0 0 0 rg BT 485.63 688.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 522.71 688.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 552.02 688.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 676.25 Td (municipal ) Tj ET Q q 0 0 0 rg BT 91.99 676.25 Td (clients. ) Tj ET Q q 0 0 0 rg BT 122.91 676.25 Td (W) Tj ET Q q 0 0 0 rg BT 131.55 676.25 Td (e ) Tj ET Q q 0 0 0 rg BT 138.49 676.25 Td (project ) Tj ET Q q 0 0 0 rg BT 168.75 676.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 191.25 676.25 Td (contracted ) Tj ET Q q 0 0 0 rg BT 235.39 676.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 260.66 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 277.60 676.25 Td (service ) Tj ET Q q 0 0 0 rg BT 308.42 676.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 342.56 676.25 Td (in ) Tj ET Q q 0 0 0 rg BT 352.84 676.25 Td (North ) Tj ET Q q 0 0 0 rg BT 378.12 676.25 Td (America ) Tj ET Q q 0 0 0 rg BT 415.04 676.25 Td (segment ) Tj ET Q q 0 0 0 rg BT 450.87 676.25 Td (to ) Tj ET Q q 0 0 0 rg BT 461.15 676.25 Td (approximate ) Tj ET Q q 0 0 0 rg BT 513.63 676.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 536.13 676.25 Td (levels. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 658.25 Td (As ) Tj ET Q q 0 0 0 rg BT 71.77 658.25 Td (our ) Tj ET Q q 0 0 0 rg BT 87.26 658.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 112.18 658.25 Td (service ) Tj ET Q q 0 0 0 rg BT 142.66 658.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 190.35 658.25 Td (at ) Tj ET Q q 0 0 0 rg BT 199.72 658.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 236.31 658.25 Td (that ) Tj ET Q q 0 0 0 rg BT 253.46 658.25 Td (we ) Tj ET Q q 0 0 0 rg BT 267.28 658.25 Td (own ) Tj ET Q q 0 0 0 rg BT 286.65 658.25 Td (or ) Tj ET Q q 0 0 0 rg BT 297.14 658.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 319.28 658.25 Td (expire, ) Tj ET Q q 0 0 0 rg BT 348.93 658.25 Td (we ) Tj ET Q q 0 0 0 rg BT 362.74 658.25 Td (intend ) Tj ET Q q 0 0 0 rg BT 389.90 658.25 Td (to ) Tj ET Q q 0 0 0 rg BT 399.83 658.25 Td (seek ) Tj ET Q q 0 0 0 rg BT 419.76 658.25 Td (replacement ) Tj ET Q q 0 0 0 rg BT 470.77 658.25 Td (or ) Tj ET Q q 0 0 0 rg BT 481.26 658.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 523.41 658.25 Td (contracts, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 65.79 646.25 Td (because ) Tj ET Q q 0 0 0 rg BT 99.29 646.25 Td (project ) Tj ET Q q 0 0 0 rg BT 128.91 646.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 147.98 646.25 Td (on ) Tj ET Q q 0 0 0 rg BT 159.83 646.25 Td (these ) Tj ET Q q 0 0 0 rg BT 182.23 646.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 218.51 646.25 Td (will ) Tj ET Q q 0 0 0 rg BT 235.92 646.25 Td (be ) Tj ET Q q 0 0 0 rg BT 247.21 646.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 266.28 646.25 Td (of) Tj ET Q q 0 0 0 rg BT 274.43 646.25 Td (f ) Tj ET Q q 0 0 0 rg BT 279.61 646.25 Td (at ) Tj ET Q q 0 0 0 rg BT 288.68 646.25 Td (such ) Tj ET Q q 0 0 0 rg BT 308.87 646.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 330.99 646.25 Td (we ) Tj ET Q q 0 0 0 rg BT 344.51 646.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 372.45 646.25 Td (to ) Tj ET Q q 0 0 0 rg BT 382.09 646.25 Td (be ) Tj ET Q q 0 0 0 rg BT 393.38 646.25 Td (able ) Tj ET Q q 0 0 0 rg BT 411.89 646.25 Td (to ) Tj ET Q q 0 0 0 rg BT 421.52 646.25 Td (of) Tj ET Q q 0 0 0 rg BT 429.67 646.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 442.62 646.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 463.35 646.25 Td (that ) Tj ET Q q 0 0 0 rg BT 480.20 646.25 Td (will ) Tj ET Q q 0 0 0 rg BT 497.61 646.25 Td (attract ) Tj ET Q q 0 0 0 rg BT 524.44 646.25 Td (suf) Tj ET Q q 0 0 0 rg BT 536.48 646.25 Td (ficient ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.25 Td (quantities ) Tj ET Q q 0 0 0 rg BT 91.25 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 102.45 634.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 128.09 634.25 Td (while ) Tj ET Q q 0 0 0 rg BT 153.18 634.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 194.94 634.25 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 240.00 634.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 274.51 634.25 Td (to ) Tj ET Q q 0 0 0 rg BT 285.16 634.25 Td (us. ) Tj ET Q q 0 0 0 rg BT 299.22 634.25 Td (The ) Tj ET Q q 0 0 0 rg BT 317.64 634.25 Td (expiration ) Tj ET Q q 0 0 0 rg BT 361.05 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 372.25 634.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 406.79 634.25 Td (ener) Tj ET Q q 0 0 0 rg BT 423.81 634.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 436.69 634.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 475.65 634.25 Td (at ) Tj ET Q q 0 0 0 rg BT 485.74 634.25 Td (these ) Tj ET Q q 0 0 0 rg BT 509.16 634.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 546.46 634.25 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.25 Td (require ) Tj ET Q q 0 0 0 rg BT 80.65 622.25 Td (us ) Tj ET Q q 0 0 0 rg BT 92.37 622.25 Td (to ) Tj ET Q q 0 0 0 rg BT 102.98 622.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 119.70 622.25 Td (our ) Tj ET Q q 0 0 0 rg BT 135.86 622.25 Td (output ) Tj ET Q q 0 0 0 rg BT 164.25 622.25 Td (either ) Tj ET Q q 0 0 0 rg BT 189.85 622.25 Td (into ) Tj ET Q q 0 0 0 rg BT 208.24 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 223.28 622.25 Td (local ) Tj ET Q q 0 0 0 rg BT 245.55 622.25 Td (electricity ) Tj ET Q q 0 0 0 rg BT 288.36 622.25 Td (grid ) Tj ET Q q 0 0 0 rg BT 307.30 622.25 Td (at ) Tj ET Q q 0 0 0 rg BT 317.35 622.25 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 360.72 622.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 382.43 622.25 Td (or ) Tj ET Q q 0 0 0 rg BT 393.59 622.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 430.86 622.25 Td (to ) Tj ET Q q 0 0 0 rg BT 441.47 622.25 Td (new ) Tj ET Q q 0 0 0 rg BT 460.96 622.25 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 502.19 622.25 Td (W) Tj ET Q q 0 0 0 rg BT 510.82 622.25 Td (e ) Tj ET Q q 0 0 0 rg BT 518.09 622.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 547.02 622.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.25 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 94.06 610.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 133.05 610.25 Td (for ) Tj ET Q q 0 0 0 rg BT 147.62 610.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 173.29 610.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 202.87 610.25 Td (at ) Tj ET Q q 0 0 0 rg BT 212.99 610.25 Td (these ) Tj ET Q q 0 0 0 rg BT 236.44 610.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 273.78 610.25 Td (will ) Tj ET Q q 0 0 0 rg BT 292.24 610.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 329.58 610.25 Td (to ) Tj ET Q q 0 0 0 rg BT 340.26 610.25 Td (be ) Tj ET Q q 0 0 0 rg BT 352.61 610.25 Td (available ) Tj ET Q q 0 0 0 rg BT 391.60 610.25 Td (on ) Tj ET Q q 0 0 0 rg BT 404.50 610.25 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 449.60 610.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 474.72 610.25 Td (in ) Tj ET Q q 0 0 0 rg BT 485.40 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 500.53 610.25 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 554.79 610.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.25 Td (least ) Tj ET Q q 0 0 0 rg BT 70.29 598.25 Td (for ) Tj ET Q q 0 0 0 rg BT 84.42 598.25 Td (a ) Tj ET Q q 0 0 0 rg BT 91.32 598.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 136.56 598.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 167.91 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 178.71 598.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 209.50 598.25 Td (capacity) Tj ET Q q 0 0 0 rg BT 242.16 598.25 Td (, ) Tj ET Q q 0 0 0 rg BT 247.12 598.25 Td (as ) Tj ET Q q 0 0 0 rg BT 257.92 598.25 Td (municipalities ) Tj ET Q q 0 0 0 rg BT 317.04 598.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 353.94 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 364.18 598.25 Td (value ) Tj ET Q q 0 0 0 rg BT 388.30 598.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 430.20 598.25 Td (committed ) Tj ET Q q 0 0 0 rg BT 475.44 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 492.34 598.25 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 539.24 598.25 Td (waste ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 84.75 586.25 Td (capacity) Tj ET Q q 0 0 0 rg BT 117.42 586.25 Td (. ) Tj ET Q q 0 0 0 rg BT 122.21 586.25 Td (W) Tj ET Q q 0 0 0 rg BT 130.85 586.25 Td (e ) Tj ET Q q 0 0 0 rg BT 137.76 586.25 Td (also ) Tj ET Q q 0 0 0 rg BT 156.35 586.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 184.92 586.25 Td (that ) Tj ET Q q 0 0 0 rg BT 202.39 586.25 Td (an ) Tj ET Q q 0 0 0 rg BT 214.30 586.25 Td (increasing ) Tj ET Q q 0 0 0 rg BT 257.87 586.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 289.23 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 300.04 586.25 Td (system ) Tj ET Q q 0 0 0 rg BT 330.29 586.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 366.08 586.25 Td (will ) Tj ET Q q 0 0 0 rg BT 384.11 586.25 Td (be ) Tj ET Q q 0 0 0 rg BT 396.03 586.25 Td (contracted ) Tj ET Q q 0 0 0 rg BT 440.14 586.25 Td (on ) Tj ET Q q 0 0 0 rg BT 452.62 586.25 Td (a ) Tj ET Q q 0 0 0 rg BT 459.53 586.25 Td (shorter) Tj ET Q q 0 0 0 rg BT 487.10 586.25 Td (-term ) Tj ET Q q 0 0 0 rg BT 511.23 586.25 Td (basis, ) Tj ET Q q 0 0 0 rg BT 536.21 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 553.12 586.25 Td (so ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.25 Td (we ) Tj ET Q q 0 0 0 rg BT 63.59 574.25 Td (will ) Tj ET Q q 0 0 0 rg BT 81.58 574.25 Td (have ) Tj ET Q q 0 0 0 rg BT 102.88 574.25 Td (more ) Tj ET Q q 0 0 0 rg BT 125.86 574.25 Td (frequent ) Tj ET Q q 0 0 0 rg BT 161.60 574.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 200.13 574.25 Td (to ) Tj ET Q q 0 0 0 rg BT 210.34 574.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 235.54 574.25 Td (market ) Tj ET Q q 0 0 0 rg BT 265.73 574.25 Td (risk. ) Tj ET Q q 0 0 0 rg BT 285.48 574.25 Td (W) Tj ET Q q 0 0 0 rg BT 294.12 574.25 Td (e ) Tj ET Q q 0 0 0 rg BT 300.99 574.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 329.51 574.25 Td (that ) Tj ET Q q 0 0 0 rg BT 346.93 574.25 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 391.01 574.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 429.54 574.25 Td (for ) Tj ET Q q 0 0 0 rg BT 443.63 574.25 Td (ener) Tj ET Q q 0 0 0 rg BT 460.65 574.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 473.08 574.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 494.95 574.25 Td (will ) Tj ET Q q 0 0 0 rg BT 512.94 574.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 552.57 574.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.25 Td (less ) Tj ET Q q 0 0 0 rg BT 66.81 562.25 Td (available ) Tj ET Q q 0 0 0 rg BT 105.21 562.25 Td (than ) Tj ET Q q 0 0 0 rg BT 124.74 562.25 Td (in ) Tj ET Q q 0 0 0 rg BT 134.83 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.36 562.25 Td (past, ) Tj ET Q q 0 0 0 rg BT 170.28 562.25 Td (thereby ) Tj ET Q q 0 0 0 rg BT 202.57 562.25 Td (increasing ) Tj ET Q q 0 0 0 rg BT 245.98 562.25 Td (our ) Tj ET Q q 0 0 0 rg BT 261.62 562.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 300.03 562.25 Td (to ) Tj ET Q q 0 0 0 rg BT 310.12 562.25 Td (ener) Tj ET Q q 0 0 0 rg BT 327.14 562.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 339.45 562.25 Td (market ) Tj ET Q q 0 0 0 rg BT 369.53 562.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 395.72 562.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 418.03 562.25 Td (expiration. ) Tj ET Q q 0 0 0 rg BT 462.87 562.25 Td (As ) Tj ET Q q 0 0 0 rg BT 476.29 562.25 Td (our ) Tj ET Q q 0 0 0 rg BT 491.94 562.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 525.91 562.25 Td (contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.25 Td (have ) Tj ET Q q 0 0 0 rg BT 70.88 550.25 Td (expired ) Tj ET Q q 0 0 0 rg BT 103.37 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 120.32 550.25 Td (our ) Tj ET Q q 0 0 0 rg BT 136.15 550.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 174.75 550.25 Td (to ) Tj ET Q q 0 0 0 rg BT 185.04 550.25 Td (market ) Tj ET Q q 0 0 0 rg BT 215.31 550.25 Td (ener) Tj ET Q q 0 0 0 rg BT 232.33 550.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 244.84 550.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 271.22 550.25 Td (has ) Tj ET Q q 0 0 0 rg BT 287.05 550.25 Td (increased, ) Tj ET Q q 0 0 0 rg BT 329.81 550.25 Td (we ) Tj ET Q q 0 0 0 rg BT 343.98 550.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 375.91 550.25 Td (into ) Tj ET Q q 0 0 0 rg BT 393.97 550.25 Td (hedging ) Tj ET Q q 0 0 0 rg BT 428.69 550.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 485.06 550.25 Td (in ) Tj ET Q q 0 0 0 rg BT 495.34 550.25 Td (order ) Tj ET Q q 0 0 0 rg BT 518.94 550.25 Td (to ) Tj ET Q q 0 0 0 rg BT 529.23 550.25 Td (mitigate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.46 538.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 104.18 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 114.59 538.25 Td (near) Tj ET Q q 0 0 0 rg BT 131.59 538.25 Td (-term ) Tj ET Q q 0 0 0 rg BT 155.88 538.25 Td (\(one ) Tj ET Q q 0 0 0 rg BT 176.27 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 186.68 538.25 Td (three ) Tj ET Q q 0 0 0 rg BT 209.29 538.25 Td (years\) ) Tj ET Q q 0 0 0 rg BT 236.35 538.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 270.62 538.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 320.46 538.25 Td (in ) Tj ET Q q 0 0 0 rg BT 330.86 538.25 Td (ener) Tj ET Q q 0 0 0 rg BT 347.89 538.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 360.52 538.25 Td (markets, ) Tj ET Q q 0 0 0 rg BT 397.30 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 414.36 538.25 Td (we ) Tj ET Q q 0 0 0 rg BT 428.65 538.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 457.37 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 467.78 538.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 504.84 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 515.24 538.25 Td (do ) Tj ET Q q 0 0 0 rg BT 527.87 538.25 Td (so ) Tj ET Q q 0 0 0 rg BT 539.39 538.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 538.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.25 Td (future. ) Tj ET Q q 0 0 0 rg BT 78.80 526.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 97.28 526.25 Td (ef) Tj ET Q q 0 0 0 rg BT 104.87 526.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 126.13 526.25 Td (in ) Tj ET Q q 0 0 0 rg BT 136.83 526.25 Td (this ) Tj ET Q q 0 0 0 rg BT 154.21 526.25 Td (regard ) Tj ET Q q 0 0 0 rg BT 182.67 526.25 Td (will ) Tj ET Q q 0 0 0 rg BT 201.16 526.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 234.08 526.25 Td (only ) Tj ET Q q 0 0 0 rg BT 254.79 526.25 Td (mitigation ) Tj ET Q q 0 0 0 rg BT 298.82 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 310.08 526.25 Td (price ) Tj ET Q q 0 0 0 rg BT 332.99 526.25 Td (volatility ) Tj ET Q q 0 0 0 rg BT 372.03 526.25 Td (for ) Tj ET Q q 0 0 0 rg BT 386.61 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 401.76 526.25 Td (ener) Tj ET Q q 0 0 0 rg BT 418.78 526.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 431.71 526.25 Td (we ) Tj ET Q q 0 0 0 rg BT 446.30 526.25 Td (produce ) Tj ET Q q 0 0 0 rg BT 481.43 526.25 Td (in ) Tj ET Q q 0 0 0 rg BT 492.14 526.25 Td (order ) Tj ET Q q 0 0 0 rg BT 516.17 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 526.87 526.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 548.69 526.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (ener) Tj ET Q q 0 0 0 rg BT 66.53 514.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 79.03 514.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 113.17 514.25 Td ("at ) Tj ET Q q 0 0 0 rg BT 126.97 514.25 Td (risk", ) Tj ET Q q 0 0 0 rg BT 151.05 514.25 Td (and ) Tj ET Q q 0 0 0 rg BT 167.99 514.25 Td (will ) Tj ET Q q 0 0 0 rg BT 186.05 514.25 Td (not ) Tj ET Q q 0 0 0 rg BT 201.33 514.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 233.82 514.25 Td (speculative ) Tj ET Q q 0 0 0 rg BT 281.30 514.25 Td (ener) Tj ET Q q 0 0 0 rg BT 298.33 514.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 310.83 514.25 Td (trading.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 496.25 Td (See ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 75.33 496.25 Td (Item1A. ) Tj ET Q q 0 0 0 rg BT 111.59 496.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 131.20 496.25 Td (Factors ) Tj ET Q q 0 0 0 rg BT 176.08 496.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 194.58 496.25 Td (r) Tj ET Q q 0 0 0 rg BT 198.10 496.25 Td (esults ) Tj ET Q q 0 0 0 rg BT 223.27 496.25 Td (of ) Tj ET Q q 0 0 0 rg BT 233.44 496.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 278.60 496.25 Td (may ) Tj ET Q q 0 0 0 rg BT 297.65 496.25 Td (be ) Tj ET Q q 0 0 0 rg BT 309.48 496.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 350.18 496.25 Td (affected ) Tj ET Q q 0 0 0 rg BT 384.22 496.25 Td (by ) Tj ET Q q 0 0 0 rg BT 396.04 496.25 Td (market ) Tj ET Q q 0 0 0 rg BT 426.20 496.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 470.25 496.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 503.74 496.25 Td (at ) Tj ET Q q 0 0 0 rg BT 513.91 496.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.51 496.25 Td (time ) Tj ET Q q 0 0 0 rg BT 548.12 496.25 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 484.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 89.22 484.25 Td (expir) Tj ET Q q 0 0 0 rg BT 109.39 484.25 Td (e.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 466.25 Td (Over ) Tj ET Q q 0 0 0 rg BT 81.41 466.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 104.60 466.25 Td (we ) Tj ET Q q 0 0 0 rg BT 119.17 466.25 Td (will ) Tj ET Q q 0 0 0 rg BT 137.65 466.25 Td (seek ) Tj ET Q q 0 0 0 rg BT 158.33 466.25 Td (to ) Tj ET Q q 0 0 0 rg BT 169.03 466.25 Td (renew) Tj ET Q q 0 0 0 rg BT 192.81 466.25 Td (, ) Tj ET Q q 0 0 0 rg BT 198.22 466.25 Td (extend ) Tj ET Q q 0 0 0 rg BT 227.79 466.25 Td (or ) Tj ET Q q 0 0 0 rg BT 239.04 466.25 Td (sign ) Tj ET Q q 0 0 0 rg BT 258.63 466.25 Td (new ) Tj ET Q q 0 0 0 rg BT 278.20 466.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 303.89 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 321.24 466.25 Td (service ) Tj ET Q q 0 0 0 rg BT 352.48 466.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 391.49 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 408.84 466.25 Td (pursue ) Tj ET Q q 0 0 0 rg BT 438.42 466.25 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 494.11 466.25 Td (with ) Tj ET Q q 0 0 0 rg BT 514.80 466.25 Td (commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 92.85 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 110.09 454.25 Td (municipalities ) Tj ET Q q 0 0 0 rg BT 169.55 454.25 Td (that ) Tj ET Q q 0 0 0 rg BT 187.34 454.25 Td (are ) Tj ET Q q 0 0 0 rg BT 202.35 454.25 Td (not ) Tj ET Q q 0 0 0 rg BT 217.93 454.25 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 265.16 454.25 Td (stakeholders ) Tj ET Q q 0 0 0 rg BT 317.94 454.25 Td (in ) Tj ET Q q 0 0 0 rg BT 328.52 454.25 Td (our ) Tj ET Q q 0 0 0 rg BT 344.66 454.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 381.89 454.25 Td (in ) Tj ET Q q 0 0 0 rg BT 392.47 454.25 Td (order ) Tj ET Q q 0 0 0 rg BT 416.37 454.25 Td (to ) Tj ET Q q 0 0 0 rg BT 426.95 454.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 464.74 454.25 Td (a ) Tj ET Q q 0 0 0 rg BT 471.98 454.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 516.99 454.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 553.68 454.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.33 442.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 90.60 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 107.54 442.25 Td (service ) Tj ET Q q 0 0 0 rg BT 138.35 442.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 172.50 442.25 Td (\(and ) Tj ET Q q 0 0 0 rg BT 192.77 442.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 211.46 442.25 Td ( ) Tj ET Q q 0 0 0 rg BT 213.96 442.25 Td (fuel ) Tj ET Q q 0 0 0 rg BT 232.01 442.25 Td (supply\) ) Tj ET Q q 0 0 0 rg BT 264.51 442.25 Td (under ) Tj ET Q q 0 0 0 rg BT 289.78 442.25 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 333.93 442.25 Td (contracts. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 424.25 Td (In ) Tj ET Q q 0 0 0 rg BT 70.60 424.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 109.65 424.25 Td (we ) Tj ET Q q 0 0 0 rg BT 125.09 424.25 Td (are ) Tj ET Q q 0 0 0 rg BT 141.07 424.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 180.94 424.25 Td (focused ) Tj ET Q q 0 0 0 rg BT 215.81 424.25 Td (on ) Tj ET Q q 0 0 0 rg BT 229.59 424.25 Td (expanding ) Tj ET Q q 0 0 0 rg BT 275.02 424.25 Td (our ) Tj ET Q q 0 0 0 rg BT 292.12 424.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 353.66 424.25 Td (service ) Tj ET Q q 0 0 0 rg BT 385.75 424.25 Td (of) Tj ET Q q 0 0 0 rg BT 393.90 424.25 Td (ferings ) Tj ET Q q 0 0 0 rg BT 425.44 424.25 Td (through ) Tj ET Q q 0 0 0 rg BT 460.32 424.25 Td (both ) Tj ET Q q 0 0 0 rg BT 481.88 424.25 Td (or) Tj ET Q q 0 0 0 rg BT 490.03 424.25 Td (ganic ) Tj ET Q q 0 0 0 rg BT 515.46 424.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 547.56 424.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.25 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 102.04 412.25 Td (The ) Tj ET Q q 0 0 0 rg BT 120.03 412.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 170.25 412.25 Td (will ) Tj ET Q q 0 0 0 rg BT 188.25 412.25 Td (allow ) Tj ET Q q 0 0 0 rg BT 212.92 412.25 Td (us ) Tj ET Q q 0 0 0 rg BT 224.25 412.25 Td (to ) Tj ET Q q 0 0 0 rg BT 234.48 412.25 Td (establish ) Tj ET Q q 0 0 0 rg BT 271.92 412.25 Td (a ) Tj ET Q q 0 0 0 rg BT 278.80 412.25 Td (presence ) Tj ET Q q 0 0 0 rg BT 316.22 412.25 Td (in ) Tj ET Q q 0 0 0 rg BT 326.45 412.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.11 412.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 401.31 412.25 Td (services ) Tj ET Q q 0 0 0 rg BT 435.96 412.25 Td (sector) Tj ET Q q 0 0 0 rg BT 459.44 412.25 Td (, ) Tj ET Q q 0 0 0 rg BT 464.39 412.25 Td (expand ) Tj ET Q q 0 0 0 rg BT 495.71 412.25 Td (the ) Tj ET Q q 0 0 0 rg BT 510.37 412.25 Td (geographical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.25 Td (sourcing ) Tj ET Q q 0 0 0 rg BT 85.91 400.25 Td (of ) Tj ET Q q 0 0 0 rg BT 96.21 400.25 Td (our ) Tj ET Q q 0 0 0 rg BT 111.52 400.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 136.26 400.25 Td (streams ) Tj ET Q q 0 0 0 rg BT 168.78 400.25 Td (and ) Tj ET Q q 0 0 0 rg BT 185.19 400.25 Td (drive ) Tj ET Q q 0 0 0 rg BT 207.71 400.25 Td (non-hazardous ) Tj ET Q q 0 0 0 rg BT 268.55 400.25 Td (profiled ) Tj ET Q q 0 0 0 rg BT 302.18 400.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 326.92 400.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 362.78 400.25 Td (into ) Tj ET Q q 0 0 0 rg BT 380.31 400.25 Td (our ) Tj ET Q q 0 0 0 rg BT 395.61 400.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 414.30 400.25 Td ( ) Tj ET Q q 0 0 0 rg BT 416.28 400.25 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 457.54 400.25 Td (These ) Tj ET Q q 0 0 0 rg BT 483.39 400.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 519.78 400.25 Td (businesses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 86.99 388.25 Td (accept ) Tj ET Q q 0 0 0 rg BT 115.02 388.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 140.29 388.25 Td (under ) Tj ET Q q 0 0 0 rg BT 165.56 388.25 Td (short-term ) Tj ET Q q 0 0 0 rg BT 209.71 388.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 256.63 388.25 Td (arrangements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 370.25 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 370.25 Td (e ) Tj ET Q q 0 0 0 rg BT 76.55 370.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 117.61 370.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 152.00 370.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 170.70 370.25 Td ( ) Tj ET Q q 0 0 0 rg BT 175.67 370.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 212.29 370.25 Td (in ) Tj ET Q q 0 0 0 rg BT 225.04 370.25 Td (16states ) Tj ET Q q 0 0 0 rg BT 264.73 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 284.14 370.25 Td (two ) Tj ET Q q 0 0 0 rg BT 304.11 370.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 346.84 370.25 Td (provinces. ) Tj ET Q q 0 0 0 rg BT 392.83 370.25 Td (The ) Tj ET Q q 0 0 0 rg BT 413.34 370.25 Td (following ) Tj ET Q q 0 0 0 rg BT 457.20 370.25 Td (map ) Tj ET Q q 0 0 0 rg BT 479.39 370.25 Td (illustrates ) Tj ET Q q 0 0 0 rg BT 523.24 370.25 Td (our ) Tj ET Q q 0 0 0 rg BT 541.54 370.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 559.50 370.25 Td (, ) Tj ET Q q 0 0 0 rg BT 564.50 370.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 109.76 358.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 146.97 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 163.90 358.25 Td (metals ) Tj ET Q q 0 0 0 rg BT 192.51 358.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 237.78 358.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 268.60 358.25 Td (locations ) Tj ET Q q 0 0 0 rg BT 307.20 358.25 Td (in ) Tj ET Q q 0 0 0 rg BT 317.48 358.25 Td (North ) Tj ET Q q 0 0 0 rg BT 342.76 358.25 Td (America:) Tj ET Q /GS0 gs q 513.00 0 0 237.65 53.75 91.62 cm /I18 Do Q BT /F1 10.00 Tf ET endstream endobj 21 0 obj <>] /Rotate 0 /Contents 22 0 R>> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 742.10 Td (Summary ) Tj ET Q q 0 0 0 rg BT 99.89 742.10 Td (information ) Tj ET Q q 0 0 0 rg BT 149.60 742.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 190.41 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 206.24 742.10 Td (North ) Tj ET Q q 0 0 0 rg BT 231.52 742.10 Td (America ) Tj ET Q q 0 0 0 rg BT 268.45 742.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 304.27 742.10 Td (ener) Tj ET Q q 0 0 0 rg BT 321.30 742.10 Td (gy-from-waste ) Tj ET Q q 0 0 0 rg BT 382.67 742.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 408.50 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 417.67 742.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 455.71 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 465.99 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.71 742.10 Td (following ) Tj ET Q q 0 0 0 rg BT 522.09 742.10 Td (table:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 667.60 20.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 667.60 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0.9333333333333333 1 rg /GS0 gs 512.00 639.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 639.60 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 611.60 20.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 611.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 83.00 611.60 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.00 611.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.00 611.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.00 611.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.00 611.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 611.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 611.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 611.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 611.60 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 611.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 611.60 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 611.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 611.60 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 583.60 20.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 583.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 83.00 583.60 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.00 583.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.00 583.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.00 583.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.00 583.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 583.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 583.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 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471.60 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.00 471.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.00 471.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.00 471.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.00 471.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 471.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 471.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 471.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 471.60 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 471.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 471.60 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 471.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 471.60 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 443.60 20.00 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0.8 0.9333333333333333 1 rg /GS0 gs 516.00 443.60 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 415.60 20.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 415.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 83.00 415.60 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.00 415.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.00 415.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.00 415.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.00 415.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 415.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 415.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 415.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 415.60 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 415.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 415.60 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 415.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 415.60 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 361.60 20.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 361.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 83.00 361.60 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.00 361.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.00 361.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.00 361.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.00 361.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 361.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 361.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 361.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 361.60 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 361.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 361.60 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 361.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 361.60 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 333.60 20.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 333.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 83.00 333.60 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.00 333.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.00 333.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.00 333.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.00 333.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 333.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 333.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 333.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 333.60 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 333.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 333.60 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 333.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 333.60 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 293.60 20.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 293.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 83.00 293.60 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.00 293.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.00 293.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.00 293.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.00 293.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 293.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 293.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 293.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 293.60 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 293.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 293.60 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 293.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 293.60 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 265.60 20.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 265.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 83.00 265.60 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.00 265.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.00 265.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.00 265.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.00 265.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 265.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 265.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 265.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 265.60 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 265.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 265.60 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 265.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 265.60 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 237.60 20.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 237.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 83.00 237.60 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.00 237.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.00 237.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.00 237.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.00 237.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 237.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 237.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 237.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 237.60 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 237.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 237.60 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 237.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 237.60 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 209.60 20.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 209.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 83.00 209.60 122.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.00 209.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.00 209.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.00 209.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.00 209.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 209.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 209.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 209.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 209.60 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 209.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 209.60 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 209.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 209.60 46.00 -14.00 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498.15 720.83 Td (Contract) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.45 712.83 Td (Expiration Dates ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 540.45 716.46 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.50 683.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 683.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 228.85 683.83 Td (Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.55 699.83 Td (W) Tj ET Q q 0 0 0 rg BT 302.11 699.83 Td (aste) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.85 691.83 Td (Pr) Tj ET Q q 0 0 0 rg BT 295.14 691.83 Td (ocessing) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.30 683.83 Td (\(TPD\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.55 699.83 Td (Gr) Tj ET Q q 0 0 0 rg BT 352.18 699.83 Td (oss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 339.15 691.83 Td (Electric) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.05 683.83 Td (\(MW\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.45 683.83 Td (Nature of Interest) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.05 691.83 Td (Waste) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.05 683.83 Td (Service) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.05 683.83 Td (Energy) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 671.00 Td (TIPFEESTRUCTURES) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 658.06 Td (1.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 658.06 Td (Southeast ) Tj ET Q q 0 0 0 rg BT 122.75 658.06 Td (Connecticut) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 166.24 662.14 Td ( ) Tj ET Q BT /F1 5.85 Tf ET q 0 0 0 rg BT 167.70 662.14 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 658.06 Td (Connecticut) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.00 658.06 Td (689) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 658.06 Td (17.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 658.06 Td (Owner/Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 658.06 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.50 658.06 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 644.06 Td (2.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 644.06 Td (Fairfax ) Tj ET Q q 0 0 0 rg BT 113.74 644.06 Td (County ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 142.49 648.14 Td (\(5\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 644.06 Td (V) Tj ET Q q 0 0 0 rg BT 217.73 644.06 Td (ir) Tj ET Q q 0 0 0 rg BT 222.88 644.06 Td (ginia) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.25 644.06 Td (3,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 644.06 Td (93.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 644.06 Td (Owner/Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 644.06 Td (2021) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.95 644.06 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 630.06 Td (3.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 630.06 Td (Southeast ) Tj ET Q q 0 0 0 rg BT 122.75 630.06 Td (Massachusetts) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 176.99 634.14 Td (\(3\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 630.06 Td (Massachusetts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.25 630.06 Td (2,700) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 630.06 Td (78.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 630.06 Td (Owner/Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.95 630.06 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.50 630.06 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 616.06 Td (4.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 616.06 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 122.06 616.06 Td (V) Tj ET Q q 0 0 0 rg BT 127.56 616.06 Td (alley ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 147.30 620.14 Td (\(5\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 616.06 Td (Pennsylvania) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.25 616.06 Td (2,688) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 616.06 Td (87.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 616.06 Td (Owner/Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 616.06 Td (2035) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.95 616.06 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 602.06 Td (5.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 602.06 Td (Hempstead ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 602.06 Td (New ) Tj ET Q q 0 0 0 rg BT 230.58 602.06 Td (Y) Tj ET Q q 0 0 0 rg BT 236.46 602.06 Td (ork) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.25 602.06 Td (2,505) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 602.06 Td (72.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 602.06 Td (Owner/Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 602.06 Td (2034) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.50 602.06 Td (2027) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 588.06 Td (6.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 588.06 Td (Indianapolis) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 132.24 592.14 Td (\(4\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 588.06 Td (Indiana) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.25 588.06 Td (2,362) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.25 588.06 Td (6.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 588.06 Td (Owner/Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 588.06 Td (2025) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.50 588.06 Td (2028) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 574.06 Td (7.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 574.06 Td (Niagara) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 116.23 578.14 Td (\(4\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 574.06 Td (New ) Tj ET Q q 0 0 0 rg BT 230.58 574.06 Td (Y) Tj ET Q q 0 0 0 rg BT 236.46 574.06 Td (ork) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.25 574.06 Td (2,250) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 574.06 Td (50.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 574.06 Td (Owner/Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 574.06 Td (2035) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.00 574.06 Td (2017-2024) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 560.06 Td (8.) 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Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 434.06 Td (Lake ) Tj ET Q q 0 0 0 rg BT 105.74 434.06 Td (County) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 434.06 Td (Florida) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.00 434.06 Td (528) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 434.06 Td (14.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 434.06 Td (Owner/Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.95 434.06 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.50 434.06 Td (2024) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 420.06 Td (18.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 420.06 Td (W) Tj ET Q q 0 0 0 rg BT 93.27 420.06 Td (arren ) Tj ET Q q 0 0 0 rg BT 114.01 420.06 Td (County ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 142.76 424.14 Td (\(5\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 420.06 Td (New ) Tj ET Q q 0 0 0 rg BT 230.74 420.06 Td (Jersey) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.00 420.06 Td (450) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 420.06 Td (13.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 420.06 Td (Owner/Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.95 420.06 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.95 420.06 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 406.06 Td (19.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 406.06 Td (Springfield ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 128.25 410.14 Td (\(5\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 406.06 Td (Massachusetts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.00 406.06 Td (400) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.25 406.06 Td (9.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 406.06 Td (Owner/Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 406.06 Td (2024) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.95 406.06 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 392.06 Td (20.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 392.06 Td (Pittsfield ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 120.25 396.14 Td (\(4\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 392.06 Td (Massachusetts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.00 392.06 Td (240) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.25 392.06 Td (0.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 392.06 Td (Owner/Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.95 392.06 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.50 392.06 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 379.00 Td (SERVICEFEE\(OWNED\) STRUCTURES) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 366.06 Td (21.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 366.06 Td (Onondaga ) Tj ET Q q 0 0 0 rg BT 124.74 366.06 Td (County) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 366.06 Td (New ) Tj ET Q q 0 0 0 rg BT 230.58 366.06 Td (Y) Tj ET Q q 0 0 0 rg BT 236.46 366.06 Td (ork) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.00 366.06 Td (990) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 366.06 Td (39.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 366.06 Td (Owner/Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 366.06 Td (2035) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.50 366.06 Td (2025) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 352.06 Td (22.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 352.06 Td (Huntington) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 352.06 Td (New ) Tj ET Q q 0 0 0 rg BT 230.58 352.06 Td (Y) Tj ET Q q 0 0 0 rg BT 236.46 352.06 Td (ork) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.00 352.06 Td (750) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 352.06 Td (24.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 352.06 Td (Owner/Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 352.06 Td (2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.50 352.06 Td (2027) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 338.06 Td (23.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 338.06 Td (Babylon) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 338.06 Td (New ) Tj ET Q q 0 0 0 rg BT 230.58 338.06 Td (Y) Tj ET Q q 0 0 0 rg BT 236.46 338.06 Td (ork) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.00 338.06 Td (750) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 338.06 Td (16.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 338.06 Td (Owner/Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 338.06 Td (2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.50 338.06 Td (2027) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 324.06 Td (24.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 324.06 Td (Marion ) Tj ET Q q 0 0 0 rg BT 114.24 324.06 Td (County) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 324.06 Td (Oregon) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.00 324.06 Td (550) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 324.06 Td (13.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 324.06 Td (Owner/Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 324.06 Td (2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.50 324.06 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 311.00 Td (SERVICE FEE \(OPERATED\) STRUCTURES) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 298.06 Td (25.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 298.06 Td (Pinellas County) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 298.06 Td (Florida) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.25 298.06 Td (3,150) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 298.06 Td (75.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 298.06 Td (Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 298.06 Td (2024) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.50 298.06 Td (2024) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 284.06 Td (26.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 284.06 Td (Miami-Dade County) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 162.49 288.14 Td (\(3\)\(5\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 284.06 Td (Florida) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.25 284.06 Td (3,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 284.06 Td (77.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 284.06 Td (Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 284.06 Td (2023) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.95 284.06 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 270.06 Td (27.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 270.06 Td (Honolulu) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 121.75 274.14 Td (\(3\)\(6\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 270.06 Td (Hawaii) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.25 270.06 Td (2,950) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 270.06 Td (90.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 270.06 Td (Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 270.06 Td (2032) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.50 270.06 Td (2033) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 256.06 Td (28.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 256.06 Td (Lee County ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 129.99 260.14 Td (\(6\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 256.06 Td (Florida) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.25 256.06 Td (1,836) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 256.06 Td (57.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 256.06 Td (Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 256.06 Td (2024) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.95 256.06 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 242.06 Td (29.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 242.06 Td (Montgomery County ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 163.50 246.14 Td (\(5\)\(6\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 242.06 Td (Maryland) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.25 242.06 Td (1,800) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 242.06 Td (63.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 242.06 Td (Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 242.06 Td (2021) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.95 242.06 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 228.06 Td (30.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 228.06 Td (Hillsborough County) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 228.06 Td (Florida) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.25 228.06 Td (1,800) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 228.06 Td (46.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 228.06 Td (Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 228.06 Td (2029) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.50 228.06 Td (2025) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 214.06 Td (31.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 214.06 Td (Long Beach) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 214.06 Td (California) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.25 214.06 Td (1,380) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 214.06 Td (36.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 214.06 Td (Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 214.06 Td (2024) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.50 214.06 Td (2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 200.06 Td (32.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 200.06 Td (Y) Tj ET Q q 0 0 0 rg BT 91.10 200.06 Td (ork County) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 131.85 204.14 Td ( \(5\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 200.06 Td (Pennsylvania) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.25 200.06 Td (1,344) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 200.06 Td (42.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 200.06 Td (Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 200.06 Td (2035) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.95 200.06 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 186.06 Td (33.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 186.06 Td (Hennepin County) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 186.06 Td (Minnesota) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.25 186.06 Td (1,212) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 186.06 Td (38.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 186.06 Td (Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 186.06 Td (2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.50 186.06 Td (2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 172.06 Td (34.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 172.06 Td (Lancaster County) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 149.23 176.14 Td ( \(5\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 172.06 Td (Pennsylvania) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.25 172.06 Td (1,200) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 172.06 Td (33.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 172.06 Td (Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 172.06 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.95 172.06 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 158.06 Td (35.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 158.06 Td (Pasco County) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 158.06 Td (Florida) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.25 158.06 Td (1,050) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 158.06 Td (29.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 158.06 Td (Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 158.06 Td (2024) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.50 158.06 Td (2024) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 144.06 Td (36.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 144.06 Td (Harrisbur) Tj ET Q q 0 0 0 rg BT 119.83 144.06 Td (g) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 126.58 148.14 Td (\(5\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 144.06 Td (Pennsylvania) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.00 144.06 Td (800) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 144.06 Td (20.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 144.06 Td (Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 144.06 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.50 144.06 Td (2033) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 130.06 Td (37.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 130.06 Td (Burnaby) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 130.06 Td (British Columbia) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.00 130.06 Td (800) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 130.06 Td (23.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 130.06 Td (Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 130.06 Td (2025) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.50 130.06 Td (2025) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 116.06 Td (38.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 116.06 Td (Huntsville) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 125.25 120.14 Td (\(4\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 116.06 Td (Alabama) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.00 116.06 Td (690) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.50 116.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 116.06 Td (Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 116.06 Td (2020) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.95 116.06 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 102.06 Td (39.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 102.06 Td (Kent ) Tj ET Q q 0 0 0 rg BT 105.24 102.06 Td (County) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 102.06 Td (Michigan) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.00 102.06 Td (625) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 102.06 Td (16.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 102.06 Td (Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 102.06 Td (2023) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.50 102.06 Td (2023) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 88.06 Td (40.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 88.06 Td (MacArthur) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 88.06 Td (New ) Tj ET Q q 0 0 0 rg BT 230.58 88.06 Td (Y) Tj ET Q q 0 0 0 rg BT 236.46 88.06 Td (ork) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.00 88.06 Td (486) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 88.06 Td (12.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 88.06 Td (Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 88.06 Td (2030) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.50 88.06 Td (2027) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 65.06 Td (41.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 65.06 Td (Durham-York) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 74.06 Td (Durham Region,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 220.50 65.06 Td (Canada) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.00 65.06 Td (480) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 65.06 Td (17.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 65.06 Td (Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 65.06 Td (2036) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.95 65.06 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 51.06 Td (SUBT) Tj ET Q q 0 0 0 rg BT 234.34 51.06 Td (OT) Tj ET Q q 0 0 0 rg BT 245.62 51.06 Td (AL) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.75 51.06 Td (55,949) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 51.06 Td (1,481.0) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 23 0 obj <>] /Rotate 0 /Contents 24 0 R>> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 9.00 Tf ET q 0 0 0 rg BT 49.50 742.80 Td (\(1\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 742.80 Td (Expiration ) Tj ET Q q 0 0 0 rg BT 107.52 742.80 Td (dates ) Tj ET Q q 0 0 0 rg BT 128.05 742.80 Td (are ) Tj ET Q q 0 0 0 rg BT 141.07 742.80 Td (for ) Tj ET Q q 0 0 0 rg BT 153.60 742.80 Td (significant ) Tj ET Q q 0 0 0 rg BT 193.62 742.80 Td (contracts; ) Tj ET Q q 0 0 0 rg BT 230.64 742.80 Td (expiration ) Tj ET Q q 0 0 0 rg BT 269.16 742.80 Td (dates ) Tj ET Q q 0 0 0 rg BT 289.69 742.80 Td (refer ) Tj ET Q q 0 0 0 rg BT 308.70 742.80 Td (to ) Tj ET Q q 0 0 0 rg BT 317.74 742.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 352.25 742.80 Td (with ) Tj ET Q q 0 0 0 rg BT 370.29 742.80 Td (the ) Tj ET Q q 0 0 0 rg BT 383.32 742.80 Td (host ) Tj ET Q q 0 0 0 rg BT 400.35 742.80 Td (client ) Tj ET Q q 0 0 0 rg BT 422.38 742.80 Td (communities ) Tj ET Q q 0 0 0 rg BT 470.91 742.80 Td (\(if ) Tj ET Q q 0 0 0 rg BT 481.44 742.80 Td (any\) ) Tj ET Q q 0 0 0 rg BT 499.46 742.80 Td (or ) Tj ET Q q 0 0 0 rg BT 508.99 742.80 Td (other ) Tj ET Q q 0 0 0 rg BT 529.52 742.80 Td (contracts ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 732.00 Td (representing ) Tj ET Q q 0 0 0 rg BT 114.23 732.00 Td (at ) Tj ET Q q 0 0 0 rg BT 122.98 732.00 Td (least ) Tj ET Q q 0 0 0 rg BT 141.72 732.00 Td (40% ) Tj ET Q q 0 0 0 rg BT 160.47 732.00 Td (of ) Tj ET Q q 0 0 0 rg BT 170.21 732.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 197.95 732.00 Td (waste ) Tj ET Q q 0 0 0 rg BT 220.69 732.00 Td (capacity) Tj ET Q q 0 0 0 rg BT 250.09 732.00 Td (. ) Tj ET Q q 0 0 0 rg BT 254.59 732.00 Td ("N/A" ) Tj ET Q q 0 0 0 rg BT 279.69 732.00 Td (denotes ) Tj ET Q q 0 0 0 rg BT 309.43 732.00 Td (that ) Tj ET Q q 0 0 0 rg BT 325.17 732.00 Td (no ) Tj ET Q q 0 0 0 rg BT 336.42 732.00 Td (contract ) Tj ET Q q 0 0 0 rg BT 367.66 732.00 Td (represents ) Tj ET Q q 0 0 0 rg BT 406.39 732.00 Td (greater ) Tj ET Q q 0 0 0 rg BT 433.62 732.00 Td (than ) Tj ET Q q 0 0 0 rg BT 451.36 732.00 Td (40% ) Tj ET Q q 0 0 0 rg BT 470.11 732.00 Td (of ) Tj ET Q q 0 0 0 rg BT 479.86 732.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 507.59 732.00 Td (capacity) Tj ET Q q 0 0 0 rg BT 536.99 732.00 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 715.20 Td (\(2\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 715.20 Td (This ) Tj ET Q q 0 0 0 rg BT 85.75 715.20 Td (facility ) Tj ET Q q 0 0 0 rg BT 113.49 715.20 Td (transitioned ) Tj ET Q q 0 0 0 rg BT 158.23 715.20 Td (from ) Tj ET Q q 0 0 0 rg BT 177.97 715.20 Td (a ) Tj ET Q q 0 0 0 rg BT 184.22 715.20 Td (service ) Tj ET Q q 0 0 0 rg BT 211.95 715.20 Td (fee ) Tj ET Q q 0 0 0 rg BT 225.19 715.20 Td (\(owned\) ) Tj ET Q q 0 0 0 rg BT 257.43 715.20 Td (to ) Tj ET Q q 0 0 0 rg BT 266.68 715.20 Td (a ) Tj ET Q q 0 0 0 rg BT 272.92 715.20 Td (tip ) Tj ET Q q 0 0 0 rg BT 284.67 715.20 Td (fee ) Tj ET Q q 0 0 0 rg BT 297.91 715.20 Td (contract ) Tj ET Q q 0 0 0 rg BT 329.14 715.20 Td (ef) Tj ET Q q 0 0 0 rg BT 335.97 715.20 Td (fective ) Tj ET Q q 0 0 0 rg BT 362.70 715.20 Td (February ) Tj ET Q q 0 0 0 rg BT 397.44 715.20 Td (2017.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 698.40 Td (\(3\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 698.40 Td (These ) Tj ET Q q 0 0 0 rg BT 91.24 698.40 Td (facilities ) Tj ET Q q 0 0 0 rg BT 124.48 698.40 Td (use ) Tj ET Q q 0 0 0 rg BT 138.72 698.40 Td (a ) Tj ET Q q 0 0 0 rg BT 144.97 698.40 Td (refuse-derived ) Tj ET Q q 0 0 0 rg BT 199.19 698.40 Td (fuel ) Tj ET Q q 0 0 0 rg BT 215.43 698.40 Td (technology) Tj ET Q q 0 0 0 rg BT 254.83 698.40 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 681.60 Td (\(4\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 681.60 Td (These ) Tj ET Q q 0 0 0 rg BT 90.62 681.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 123.24 681.60 Td (have ) Tj ET Q q 0 0 0 rg BT 141.87 681.60 Td (been ) Tj ET Q q 0 0 0 rg BT 160.49 681.60 Td (designed ) Tj ET Q q 0 0 0 rg BT 194.12 681.60 Td (to ) Tj ET Q q 0 0 0 rg BT 202.75 681.60 Td (export ) Tj ET Q q 0 0 0 rg BT 227.38 681.60 Td (steam ) Tj ET Q q 0 0 0 rg BT 250.01 681.60 Td (for ) Tj ET Q q 0 0 0 rg BT 262.14 681.60 Td (sale. ) Tj ET Q q 0 0 0 rg BT 280.02 681.60 Td (See ) Tj ET Q q 0 0 0 rg BT 294.64 681.60 Td (table ) Tj ET Q q 0 0 0 rg BT 313.77 681.60 Td (below ) Tj ET Q q 0 0 0 rg BT 337.40 681.60 Td (for ) Tj ET Q q 0 0 0 rg BT 349.53 681.60 Td (the ) Tj ET Q q 0 0 0 rg BT 362.16 681.60 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 401.28 681.60 Td (electric ) Tj ET Q q 0 0 0 rg BT 429.39 681.60 Td (output. ) Tj ET Q q 0 0 0 rg BT 456.16 681.60 Td (The ) Tj ET Q q 0 0 0 rg BT 471.78 681.60 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 510.90 681.60 Td (electric ) Tj ET Q q 0 0 0 rg BT 539.02 681.60 Td (output ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 670.80 Td (is ) Tj ET Q q 0 0 0 rg BT 75.75 670.80 Td (part ) Tj ET Q q 0 0 0 rg BT 92.00 670.80 Td (of, ) Tj ET Q q 0 0 0 rg BT 103.99 670.80 Td (not ) Tj ET Q q 0 0 0 rg BT 117.74 670.80 Td (in ) Tj ET Q q 0 0 0 rg BT 126.99 670.80 Td (addition ) Tj ET Q q 0 0 0 rg BT 158.74 670.80 Td (to, ) Tj ET Q q 0 0 0 rg BT 170.24 670.80 Td (the ) Tj ET Q q 0 0 0 rg BT 183.48 670.80 Td (design ) Tj ET Q q 0 0 0 rg BT 209.23 670.80 Td (capacity ) Tj ET Q q 0 0 0 rg BT 241.46 670.80 Td (megawatts ) Tj ET Q q 0 0 0 rg BT 282.20 670.80 Td (\("MW"\) ) Tj ET Q q 0 0 0 rg BT 314.29 670.80 Td (listed ) Tj ET Q q 0 0 0 rg BT 336.04 670.80 Td (in ) Tj ET Q q 0 0 0 rg BT 345.29 670.80 Td (the ) Tj ET Q q 0 0 0 rg BT 358.53 670.80 Td (table ) Tj ET Q q 0 0 0 rg BT 378.27 670.80 Td (above. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 86.00 643.30 137.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.00 643.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 643.30 159.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 86.00 613.30 137.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.00 613.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 613.30 159.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 86.00 583.30 137.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.00 583.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 583.30 159.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 86 643.3 m 223 643.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231 643.3 m 390 643.3 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 139.50 647.75 Td (Facility) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 244.85 647.75 Td (Equivalent Electric Output \(MW\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 88.50 632.76 Td (Niagara) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.50 632.76 Td (66) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 88.50 617.76 Td (Indianapolis) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.50 617.76 Td (52) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 88.50 602.76 Td (Tulsa) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.50 602.76 Td (25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 88.50 587.76 Td (Huntsville) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.50 587.76 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 88.50 572.76 Td (Pittsfield) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.75 572.76 Td (5) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 555.00 Td (At ) Tj ET Q q 0 0 0 rg BT 83.25 555.00 Td (our ) Tj ET Q q 0 0 0 rg BT 97.50 555.00 Td (Niagara ) Tj ET Q q 0 0 0 rg BT 128.23 555.00 Td (EfW) Tj ET Q q 0 0 0 rg BT 145.05 555.00 Td ( ) Tj ET Q q 0 0 0 rg BT 147.30 555.00 Td (Facility) Tj ET Q q 0 0 0 rg BT 174.22 555.00 Td (, ) Tj ET Q q 0 0 0 rg BT 178.72 555.00 Td (we ) Tj ET Q q 0 0 0 rg BT 191.46 555.00 Td (export ) Tj ET Q q 0 0 0 rg BT 216.70 555.00 Td (steam ) Tj ET Q q 0 0 0 rg BT 239.95 555.00 Td (to ) Tj ET Q q 0 0 0 rg BT 249.20 555.00 Td (local ) Tj ET Q q 0 0 0 rg BT 268.94 555.00 Td (customers ) Tj ET Q q 0 0 0 rg BT 307.68 555.00 Td (under ) Tj ET Q q 0 0 0 rg BT 330.42 555.00 Td (various ) Tj ET Q q 0 0 0 rg BT 359.17 555.00 Td (agreements ) Tj ET Q q 0 0 0 rg BT 402.39 555.00 Td (which ) Tj ET Q q 0 0 0 rg BT 426.64 555.00 Td (expire ) Tj ET Q q 0 0 0 rg BT 451.38 555.00 Td (between ) Tj ET Q q 0 0 0 rg BT 483.61 555.00 Td (2017 ) Tj ET Q q 0 0 0 rg BT 503.86 555.00 Td (and ) Tj ET Q q 0 0 0 rg BT 519.10 555.00 Td (2024. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 538.20 Td (\(5\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 538.20 Td (These ) Tj ET Q q 0 0 0 rg BT 90.33 538.20 Td (facilities ) Tj ET Q q 0 0 0 rg BT 122.65 538.20 Td (either ) Tj ET Q q 0 0 0 rg BT 144.47 538.20 Td (sell ) Tj ET Q q 0 0 0 rg BT 158.30 538.20 Td (electricity ) Tj ET Q q 0 0 0 rg BT 195.62 538.20 Td (into ) Tj ET Q q 0 0 0 rg BT 210.96 538.20 Td (the ) Tj ET Q q 0 0 0 rg BT 223.29 538.20 Td (regional ) Tj ET Q q 0 0 0 rg BT 254.11 538.20 Td (power ) Tj ET Q q 0 0 0 rg BT 277.94 538.20 Td (pool ) Tj ET Q q 0 0 0 rg BT 295.27 538.20 Td (at ) Tj ET Q q 0 0 0 rg BT 303.10 538.20 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 340.93 538.20 Td (market ) Tj ET Q q 0 0 0 rg BT 367.25 538.20 Td (rates ) Tj ET Q q 0 0 0 rg BT 385.58 538.20 Td (or ) Tj ET Q q 0 0 0 rg BT 394.41 538.20 Td (have ) Tj ET Q q 0 0 0 rg BT 412.73 538.20 Td (contractual ) Tj ET Q q 0 0 0 rg BT 454.05 538.20 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 503.86 538.20 Td (to ) Tj ET Q q 0 0 0 rg BT 512.20 538.20 Td (sell ) Tj ET Q q 0 0 0 rg BT 526.03 538.20 Td (electricity ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 527.40 Td (at ) Tj ET Q q 0 0 0 rg BT 76.25 527.40 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 114.98 527.40 Td (market ) Tj ET Q q 0 0 0 rg BT 142.22 527.40 Td (rates.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (\(6\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 510.60 Td (The ) Tj ET Q q 0 0 0 rg BT 83.74 510.60 Td (client ) Tj ET Q q 0 0 0 rg BT 105.98 510.60 Td (has ) Tj ET Q q 0 0 0 rg BT 120.23 510.60 Td (a ) Tj ET Q q 0 0 0 rg BT 126.47 510.60 Td (termination ) Tj ET Q q 0 0 0 rg BT 170.21 510.60 Td (option ) Tj ET Q q 0 0 0 rg BT 195.46 510.60 Td (under ) Tj ET Q q 0 0 0 rg BT 218.21 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 231.45 510.60 Td (service ) Tj ET Q q 0 0 0 rg BT 259.19 510.60 Td (agreement. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 492.60 Td (Other) Tj ET Q q 0 0 0 rg BT 74.87 492.60 Td ( ) Tj ET Q q 0 0 0 rg BT 77.19 492.60 Td (W) Tj ET Q q 0 0 0 rg BT 86.63 492.60 Td (aste ) Tj ET Q q 0 0 0 rg BT 105.79 492.60 Td (Management ) Tj ET Q q 0 0 0 rg BT 164.39 492.60 Td (Infrastructur) Tj ET Q q 0 0 0 rg BT 221.42 492.60 Td (e ) Tj ET Q q 0 0 0 rg BT 228.36 492.60 Td (and ) Tj ET Q q 0 0 0 rg BT 246.99 492.60 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 474.60 Td (In ) Tj ET Q q 0 0 0 rg BT 68.88 474.60 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 118.14 474.60 Td (with ) Tj ET Q q 0 0 0 rg BT 137.97 474.60 Td (our ) Tj ET Q q 0 0 0 rg BT 153.34 474.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 172.04 474.60 Td ( ) Tj ET Q q 0 0 0 rg BT 174.09 474.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 212.53 474.60 Td (we ) Tj ET Q q 0 0 0 rg BT 226.24 474.60 Td (also ) Tj ET Q q 0 0 0 rg BT 244.39 474.60 Td (own ) Tj ET Q q 0 0 0 rg BT 263.66 474.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 291.26 474.60 Td (operate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.73 474.60 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.73 474.60 Td ( ) Tj ET Q q 0 0 0 rg BT 334.78 474.60 Td (transfer ) Tj ET Q q 0 0 0 rg BT 367.36 474.60 Td (stations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.47 474.60 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.47 474.60 Td ( ) Tj ET Q q 0 0 0 rg BT 414.52 474.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 474.33 474.60 Td (services ) Tj ET Q q 0 0 0 rg BT 508.58 474.60 Td (facilities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.56 474.60 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 474.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (regional ) Tj ET Q q 0 0 0 rg BT 85.03 462.60 Td (metals ) Tj ET Q q 0 0 0 rg BT 113.91 462.60 Td (recycling ) Tj ET Q q 0 0 0 rg BT 153.88 462.60 Td (facility) Tj ET Q q 0 0 0 rg BT 181.55 462.60 Td (, ) Tj ET Q q 0 0 0 rg BT 186.82 462.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.03 462.60 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.03 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 211.80 462.60 Td (landfills ) Tj ET Q q 0 0 0 rg BT 247.34 462.60 Td (\(primarily ) Tj ET Q q 0 0 0 rg BT 290.65 462.60 Td (utilized ) Tj ET Q q 0 0 0 rg BT 323.41 462.60 Td (for ) Tj ET Q q 0 0 0 rg BT 337.84 462.60 Td (ash ) Tj ET Q q 0 0 0 rg BT 353.94 462.60 Td (disposal\). ) Tj ET Q q 0 0 0 rg BT 395.12 462.60 Td (W) Tj ET Q q 0 0 0 rg BT 403.76 462.60 Td (e ) Tj ET Q q 0 0 0 rg BT 410.97 462.60 Td (utilize ) Tj ET Q q 0 0 0 rg BT 438.73 462.60 Td (these ) Tj ET Q q 0 0 0 rg BT 462.05 462.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 488.15 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 498.69 462.60 Td (supplement ) Tj ET Q q 0 0 0 rg BT 547.57 462.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (more ) Tj ET Q q 0 0 0 rg BT 72.31 450.60 Td (ef) Tj ET Q q 0 0 0 rg BT 79.89 450.60 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 115.47 450.60 Td (manage ) Tj ET Q q 0 0 0 rg BT 148.82 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 163.30 450.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 188.33 450.60 Td (supply) Tj ET Q q 0 0 0 rg BT 214.35 450.60 Td (, ) Tj ET Q q 0 0 0 rg BT 219.10 450.60 Td (ash ) Tj ET Q q 0 0 0 rg BT 234.69 450.60 Td (disposal ) Tj ET Q q 0 0 0 rg BT 269.73 450.60 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 326.69 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 343.39 450.60 Td (metals ) Tj ET Q q 0 0 0 rg BT 371.75 450.60 Td (processing ) Tj ET Q q 0 0 0 rg BT 416.78 450.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 455.13 450.60 Td (at ) Tj ET Q q 0 0 0 rg BT 464.61 450.60 Td (our ) Tj ET Q q 0 0 0 rg BT 480.20 450.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 498.89 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 501.15 450.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 547.56 450.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (in ) Tj ET Q q 0 0 0 rg BT 61.02 438.60 Td (some ) Tj ET Q q 0 0 0 rg BT 85.88 438.60 Td (cases ) Tj ET Q q 0 0 0 rg BT 110.72 438.60 Td (to ) Tj ET Q q 0 0 0 rg BT 122.24 438.60 Td (expand ) Tj ET Q q 0 0 0 rg BT 154.86 438.60 Td (our ) Tj ET Q q 0 0 0 rg BT 171.94 438.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 233.44 438.60 Td (solutions ) Tj ET Q q 0 0 0 rg BT 273.30 438.60 Td (service ) Tj ET Q q 0 0 0 rg BT 305.36 438.60 Td (of) Tj ET Q q 0 0 0 rg BT 313.51 438.60 Td (ferings. ) Tj ET Q q 0 0 0 rg BT 347.52 438.60 Td (Recent ) Tj ET Q q 0 0 0 rg BT 379.03 438.60 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 430.55 438.60 Td (will ) Tj ET Q q 0 0 0 rg BT 449.85 438.60 Td (expand ) Tj ET Q q 0 0 0 rg BT 482.47 438.60 Td (our ) Tj ET Q q 0 0 0 rg BT 499.54 438.60 Td (presence ) Tj ET Q q 0 0 0 rg BT 538.26 438.60 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 438.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 110.79 426.60 Td (services ) Tj ET Q q 0 0 0 rg BT 146.52 426.60 Td (sector ) Tj ET Q q 0 0 0 rg BT 173.92 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 191.89 426.60 Td (allow ) Tj ET Q q 0 0 0 rg BT 217.63 426.60 Td (us ) Tj ET Q q 0 0 0 rg BT 230.05 426.60 Td (to ) Tj ET Q q 0 0 0 rg BT 241.36 426.60 Td (direct ) Tj ET Q q 0 0 0 rg BT 267.65 426.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 311.16 426.60 Td (non-hazardous ) Tj ET Q q 0 0 0 rg BT 373.56 426.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 399.85 426.60 Td (volumes ) Tj ET Q q 0 0 0 rg BT 437.27 426.60 Td (into ) Tj ET Q q 0 0 0 rg BT 456.35 426.60 Td (our ) Tj ET Q q 0 0 0 rg BT 473.21 426.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 491.90 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 495.43 426.60 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 538.13 426.60 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (businesses ) Tj ET Q q 0 0 0 rg BT 93.74 414.60 Td (are ) Tj ET Q q 0 0 0 rg BT 107.96 414.60 Td (highly ) Tj ET Q q 0 0 0 rg BT 135.54 414.60 Td (syner) Tj ET Q q 0 0 0 rg BT 157.02 414.60 Td (gistic ) Tj ET Q q 0 0 0 rg BT 180.70 414.60 Td (with ) Tj ET Q q 0 0 0 rg BT 200.50 414.60 Td (our ) Tj ET Q q 0 0 0 rg BT 215.85 414.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 249.53 414.60 Td (profiled ) Tj ET Q q 0 0 0 rg BT 283.20 414.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 307.99 414.60 Td (business ) Tj ET Q q 0 0 0 rg BT 343.90 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 360.36 414.60 Td (of) Tj ET Q q 0 0 0 rg BT 368.51 414.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 381.62 414.60 Td (us ) Tj ET Q q 0 0 0 rg BT 392.53 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 406.77 414.60 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 455.45 414.60 Td (to ) Tj ET Q q 0 0 0 rg BT 465.25 414.60 Td (expand ) Tj ET Q q 0 0 0 rg BT 496.14 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 510.38 414.60 Td (geographical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (sourcing ) Tj ET Q q 0 0 0 rg BT 86.44 402.60 Td (of ) Tj ET Q q 0 0 0 rg BT 97.27 402.60 Td (our ) Tj ET Q q 0 0 0 rg BT 113.10 402.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 138.37 402.60 Td (streams ) Tj ET Q q 0 0 0 rg BT 171.41 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 188.35 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 198.63 402.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 231.68 402.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 274.17 402.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 334.43 402.60 Td (solutions ) Tj ET Q q 0 0 0 rg BT 373.04 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 389.98 402.60 Td (services ) Tj ET Q q 0 0 0 rg BT 424.69 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 434.97 402.60 Td (our ) Tj ET Q q 0 0 0 rg BT 450.80 402.60 Td (clients. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 384.60 Td (Biomass ) Tj ET Q q 0 0 0 rg BT 87.56 384.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 97.93 384.60 Td (ojects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 366.60 Td (Currently) Tj ET Q q 0 0 0 rg BT 96.18 366.60 Td (, ) Tj ET Q q 0 0 0 rg BT 100.94 366.60 Td (our ) Tj ET Q q 0 0 0 rg BT 116.53 366.60 Td (two ) Tj ET Q q 0 0 0 rg BT 133.79 366.60 Td (California ) Tj ET Q q 0 0 0 rg BT 176.59 366.60 Td (biomass ) Tj ET Q q 0 0 0 rg BT 211.63 366.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 248.32 366.60 Td (are ) Tj ET Q q 0 0 0 rg BT 262.79 366.60 Td (in ) Tj ET Q q 0 0 0 rg BT 272.83 366.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 313.96 366.60 Td (dispatch. ) Tj ET Q q 0 0 0 rg BT 352.04 366.60 Td (If ) Tj ET Q q 0 0 0 rg BT 360.97 366.60 Td (market ) Tj ET Q q 0 0 0 rg BT 390.99 366.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 434.92 366.60 Td (improve, ) Tj ET Q q 0 0 0 rg BT 473.00 366.60 Td (we ) Tj ET Q q 0 0 0 rg BT 486.92 366.60 Td (may ) Tj ET Q q 0 0 0 rg BT 506.40 366.60 Td (re-start ) Tj ET Q q 0 0 0 rg BT 536.98 366.60 Td (one ) Tj ET Q q 0 0 0 rg BT 553.68 366.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (both ) Tj ET Q q 0 0 0 rg BT 68.84 354.60 Td (these ) Tj ET Q q 0 0 0 rg BT 90.96 354.60 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 129.45 354.60 Td (In ) Tj ET Q q 0 0 0 rg BT 139.34 354.60 Td (each ) Tj ET Q q 0 0 0 rg BT 159.22 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 169.12 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 182.90 354.60 Td (years ) Tj ET Q q 0 0 0 rg BT 205.56 354.60 Td (ending ) Tj ET Q q 0 0 0 rg BT 234.35 354.60 Td (December ) Tj ET Q q 0 0 0 rg BT 277.00 354.60 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.06 354.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.06 354.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.13 354.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.13 354.60 Td (, ) Tj ET Q q 0 0 0 rg BT 339.19 354.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.19 354.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.19 354.60 Td (, ) Tj ET Q q 0 0 0 rg BT 379.26 354.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 412.47 354.60 Td (from ) Tj ET Q q 0 0 0 rg BT 433.47 354.60 Td (our ) Tj ET Q q 0 0 0 rg BT 448.37 354.60 Td (biomass ) Tj ET Q q 0 0 0 rg BT 482.71 354.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 515.93 354.60 Td (represented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (less ) Tj ET Q q 0 0 0 rg BT 67.00 342.60 Td (than ) Tj ET Q q 0 0 0 rg BT 86.72 342.60 Td (1%, ) Tj ET Q q 0 0 0 rg BT 105.05 342.60 Td (3% ) Tj ET Q q 0 0 0 rg BT 120.88 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 137.82 342.60 Td (4%, ) Tj ET Q q 0 0 0 rg BT 156.15 342.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 203.81 342.60 Td (, ) Tj ET Q q 0 0 0 rg BT 208.81 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 219.64 342.60 Td (our ) Tj ET Q q 0 0 0 rg BT 235.47 342.60 Td (North ) Tj ET Q q 0 0 0 rg BT 260.75 342.60 Td (America ) Tj ET Q q 0 0 0 rg BT 297.67 342.60 Td (segment ) Tj ET Q q 0 0 0 rg BT 333.49 342.60 Td (revenue.) 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 50 323.03505859375 m 140.849609375 323.03505859375 l s q 0 0 0 rg BT 50.00 324.60 Td (OTHER PROJECTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 306.60 Td (Outside ) Tj ET Q q 0 0 0 rg BT 91.96 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 106.03 306.60 Td (North ) Tj ET Q q 0 0 0 rg BT 130.80 306.60 Td (America ) Tj ET Q q 0 0 0 rg BT 167.07 306.60 Td (segment, ) Tj ET Q q 0 0 0 rg BT 204.75 306.60 Td (we ) Tj ET Q q 0 0 0 rg BT 218.26 306.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 256.20 306.60 Td (own ) Tj ET Q q 0 0 0 rg BT 275.28 306.60 Td (one ) Tj ET Q q 0 0 0 rg BT 291.57 306.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 310.26 306.60 Td ( ) Tj ET Q q 0 0 0 rg BT 312.11 306.60 Td (project ) Tj ET Q q 0 0 0 rg BT 341.73 306.60 Td (under ) Tj ET Q q 0 0 0 rg BT 366.35 306.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 417.63 306.60 Td (in ) Tj ET Q q 0 0 0 rg BT 427.26 306.60 Td (Ireland ) Tj ET Q q 0 0 0 rg BT 457.42 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 473.71 306.60 Td (have ) Tj ET Q q 0 0 0 rg BT 494.44 306.60 Td (an ) Tj ET Q q 0 0 0 rg BT 505.73 306.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 532.58 306.60 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.50 294.60 Td (an ) Tj ET Q q 0 0 0 rg BT 70.66 294.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 89.36 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 91.08 294.60 Td (project ) Tj ET Q q 0 0 0 rg BT 120.57 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 130.07 294.60 Td (Italy) Tj ET Q q 0 0 0 rg BT 147.74 294.60 Td (. ) Tj ET Q q 0 0 0 rg BT 151.84 294.60 Td (W) Tj ET Q q 0 0 0 rg BT 160.48 294.60 Td (e ) Tj ET Q q 0 0 0 rg BT 166.64 294.60 Td (intend ) Tj ET Q q 0 0 0 rg BT 193.36 294.60 Td (to ) Tj ET Q q 0 0 0 rg BT 202.86 294.60 Td (pursue ) Tj ET Q q 0 0 0 rg BT 231.24 294.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 272.96 294.60 Td (international ) Tj ET Q q 0 0 0 rg BT 325.22 294.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 343.91 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 345.63 294.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 379.01 294.60 Td (where ) Tj ET Q q 0 0 0 rg BT 405.16 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 419.10 294.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 461.92 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 478.08 294.60 Td (market ) Tj ET Q q 0 0 0 rg BT 507.57 294.60 Td (environments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 282.60 Td (are ) Tj ET Q q 0 0 0 rg BT 66.30 282.60 Td (attractive. ) Tj ET Q q 0 0 0 rg BT 110.08 282.60 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 158.06 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 176.58 282.60 Td (operation ) Tj ET Q q 0 0 0 rg BT 218.44 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 230.86 282.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 269.38 282.60 Td (in ) Tj ET Q q 0 0 0 rg BT 281.24 282.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 314.21 282.60 Td (countries ) Tj ET Q q 0 0 0 rg BT 354.96 282.60 Td (potentially ) Tj ET Q q 0 0 0 rg BT 401.81 282.60 Td (involves ) Tj ET Q q 0 0 0 rg BT 439.79 282.60 Td (greater ) Tj ET Q q 0 0 0 rg BT 471.63 282.60 Td (political ) Tj ET Q q 0 0 0 rg BT 508.49 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 527.02 282.60 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 270.60 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 103.59 270.60 Td (than ) Tj ET Q q 0 0 0 rg BT 123.31 270.60 Td (we ) Tj ET Q q 0 0 0 rg BT 137.47 270.60 Td (experience ) Tj ET Q q 0 0 0 rg BT 183.27 270.60 Td (in ) Tj ET Q q 0 0 0 rg BT 193.54 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 208.26 270.60 Td (United ) Tj ET Q q 0 0 0 rg BT 237.98 270.60 Td (States, ) Tj ET Q q 0 0 0 rg BT 266.87 270.60 Td (as ) Tj ET Q q 0 0 0 rg BT 277.70 270.60 Td (described ) Tj ET Q q 0 0 0 rg BT 318.51 270.60 Td (below ) Tj ET Q q 0 0 0 rg BT 345.45 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 362.39 270.60 Td (discussed ) Tj ET Q q 0 0 0 rg BT 403.22 270.60 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 413.50 270.60 Td (Item1A. ) Tj ET Q q 0 0 0 rg BT 449.87 270.60 Td (Risk ) Tj ET Q q 0 0 0 rg BT 469.59 270.60 Td (Factors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.70 270.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 252.60 Td (Summary ) Tj ET Q q 0 0 0 rg BT 103.39 252.60 Td (information ) Tj ET Q q 0 0 0 rg BT 153.10 252.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 193.91 252.60 Td (our ) Tj ET Q q 0 0 0 rg BT 209.74 252.60 Td (other ) Tj ET Q q 0 0 0 rg BT 232.79 252.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 251.49 252.60 Td ( ) Tj ET Q q 0 0 0 rg BT 253.99 252.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 288.14 252.60 Td (is ) Tj ET Q q 0 0 0 rg BT 297.31 252.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 335.36 252.60 Td (in ) Tj ET Q q 0 0 0 rg BT 345.64 252.60 Td (the ) Tj ET Q q 0 0 0 rg BT 360.35 252.60 Td (following ) Tj ET Q q 0 0 0 rg BT 401.74 252.60 Td (table:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 162.10 16.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 162.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 70.50 162.10 120.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 162.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 162.10 59.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 162.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 162.10 43.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 162.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 162.10 45.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 162.10 6.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 162.10 116.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 162.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 162.10 43.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 162.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 162.10 40.00 -21.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 224.10000000000002 m 300.5 224.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 224.10000000000002 m 304.5 224.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 224.10000000000002 m 349.5 224.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 211.10000000000002 m 518.5 211.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 211.10000000000002 m 522.5 211.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 211.10000000000002 m 562.5 211.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 190.10000000000002 m 253.5 190.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 190.10000000000002 m 300.5 190.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 190.10000000000002 m 349.5 190.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 190.10000000000002 m 471.5 190.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 190.10000000000002 m 518.5 190.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 190.10000000000002 m 562.5 190.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 127.10000000000002 m 300.5 127.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 127.10000000000002 m 349.5 127.10000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 228.05 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 73.00 228.05 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 197.00 228.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 275.10 228.18 Td (Design Capacity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.00 228.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.15 223.33 Td (Contract) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.50 215.33 Td (Expiration Dates) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 215.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 73.00 194.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 208.35 194.33 Td (Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.05 216.18 Td (W) Tj ET Q q 0 0 0 rg BT 275.61 216.18 Td (aste) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 260.35 208.18 Td (Pr) Tj ET Q q 0 0 0 rg BT 268.64 208.18 Td (ocessing) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.60 200.18 Td (\(Metric) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 269.15 192.23 Td (TPD\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 316.55 210.33 Td (Gr) Tj ET Q q 0 0 0 rg BT 326.18 210.33 Td (oss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.15 202.33 Td (Electric) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 316.05 194.33 Td (\(MW\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.45 194.33 Td (NatureofInterest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 194.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.05 202.33 Td (Waste) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.05 194.33 Td (Service) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.55 194.33 Td (Energy) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 73 179.14633789062498 m 175.67822265625 179.14633789062498 l s q 0 0 0 rg BT 73.00 180.55 Td (ENERGY-FROM-WASTE) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 73.00 166.55 Td (TIP FEE STRUCTURES) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 145.56 Td (1.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 73.00 145.56 Td (Dublin ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 100.25 149.64 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.00 145.56 Td (Ireland) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.75 145.56 Td (1,800) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.00 145.56 Td (58) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 358.00 153.36 Td (100% Owner/Operator \(Under) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.00 144.36 Td (Construction\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.50 145.56 Td (2062) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.45 145.56 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 132.36 Td (2.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 73.00 131.56 Td (Trezzo) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.00 131.56 Td (Italy) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 283.50 131.56 Td (500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.00 131.56 Td (18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 358.00 131.56 Td (13% Owner/JV Operator) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.50 131.56 Td (2023) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.00 131.56 Td (2023) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.00 117.56 Td (SUBTOTAL) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.75 117.56 Td (2,300) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.00 117.56 Td (76) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 96.80 Td (\(1\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 96.80 Td (W) Tj ET Q q 0 0 0 rg BT 75.77 96.80 Td (e ) Tj ET Q q 0 0 0 rg BT 82.23 96.80 Td (expect ) Tj ET Q q 0 0 0 rg BT 108.18 96.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 148.13 96.80 Td (to ) Tj ET Q q 0 0 0 rg BT 157.60 96.80 Td (commence ) Tj ET Q q 0 0 0 rg BT 199.04 96.80 Td (in ) Tj ET Q q 0 0 0 rg BT 208.50 96.80 Td (late ) Tj ET Q q 0 0 0 rg BT 223.96 96.80 Td (2017. ) Tj ET Q q 0 0 0 rg BT 246.49 96.80 Td (W) Tj ET Q q 0 0 0 rg BT 254.27 96.80 Td (e ) Tj ET Q q 0 0 0 rg BT 260.72 96.80 Td (will ) Tj ET Q q 0 0 0 rg BT 277.19 96.80 Td (operate ) Tj ET Q q 0 0 0 rg BT 306.13 96.80 Td (the ) Tj ET Q q 0 0 0 rg BT 319.59 96.80 Td (facility ) Tj ET Q q 0 0 0 rg BT 347.54 96.80 Td (under ) Tj ET Q q 0 0 0 rg BT 370.50 96.80 Td (a ) Tj ET Q q 0 0 0 rg BT 376.96 96.80 Td (45-year ) Tj ET Q q 0 0 0 rg BT 406.90 96.80 Td (public-private-partnership ) Tj ET Q q 0 0 0 rg BT 503.33 96.80 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 545.52 96.80 Td (after ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 86.00 Td (which ) Tj ET Q q 0 0 0 rg BT 92.24 86.00 Td (ownership ) Tj ET Q q 0 0 0 rg BT 131.99 86.00 Td (of ) Tj ET Q q 0 0 0 rg BT 141.74 86.00 Td (the ) Tj ET Q q 0 0 0 rg BT 154.98 86.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 182.72 86.00 Td (will ) Tj ET Q q 0 0 0 rg BT 198.97 86.00 Td (transfer ) Tj ET Q q 0 0 0 rg BT 228.70 86.00 Td (to ) Tj ET Q q 0 0 0 rg BT 237.95 86.00 Td (City ) Tj ET Q q 0 0 0 rg BT 255.71 86.00 Td (of ) Tj ET Q q 0 0 0 rg BT 265.46 86.00 Td (Dublin. ) Tj ET Q q 0 0 0 rg BT 294.79 86.00 Td (W) Tj ET Q q 0 0 0 rg BT 302.57 86.00 Td (aste ) Tj ET Q q 0 0 0 rg BT 318.81 86.00 Td (supply ) Tj ET Q q 0 0 0 rg BT 345.06 86.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 379.80 86.00 Td (have ) Tj ET Q q 0 0 0 rg BT 399.04 86.00 Td (been ) Tj ET Q q 0 0 0 rg BT 418.27 86.00 Td (entered ) Tj ET Q q 0 0 0 rg BT 447.01 86.00 Td (into ) Tj ET Q q 0 0 0 rg BT 463.26 86.00 Td (with ) Tj ET Q q 0 0 0 rg BT 481.51 86.00 Td (private ) Tj ET Q q 0 0 0 rg BT 508.75 86.00 Td (waste ) Tj ET Q q 0 0 0 rg BT 531.49 86.00 Td (haulers.) Tj ET Q endstream endobj 25 0 obj <>] /Rotate 0 /Contents 26 0 R>> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 170.80 744.75 Td (MARKETS, COMPETITION ) Tj ET Q q 0 0 0 rg BT 301.65 744.75 Td (AND BUSINESS CONDITIONS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 726.75 Td (W) Tj ET Q q 0 0 0 rg BT 58.95 726.75 Td (aste ) Tj ET Q q 0 0 0 rg BT 78.11 726.75 Td (Services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 708.75 Td (Post-recycled ) Tj ET Q q 0 0 0 rg BT 115.81 708.75 Td (municipal ) Tj ET Q q 0 0 0 rg BT 158.70 708.75 Td (solid ) Tj ET Q q 0 0 0 rg BT 181.03 708.75 Td (waste ) Tj ET Q q 0 0 0 rg BT 206.69 708.75 Td (generation ) Tj ET Q q 0 0 0 rg BT 251.79 708.75 Td (in ) Tj ET Q q 0 0 0 rg BT 262.46 708.75 Td (the ) Tj ET Q q 0 0 0 rg BT 277.56 708.75 Td (United ) Tj ET Q q 0 0 0 rg BT 307.67 708.75 Td (States ) Tj ET Q q 0 0 0 rg BT 334.45 708.75 Td (is ) Tj ET Q q 0 0 0 rg BT 344.01 708.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 404.66 708.75 Td (250 ) Tj ET Q q 0 0 0 rg BT 422.55 708.75 Td (million ) Tj ET Q q 0 0 0 rg BT 454.33 708.75 Td (tons ) Tj ET Q q 0 0 0 rg BT 473.89 708.75 Td (per ) Tj ET Q q 0 0 0 rg BT 489.55 708.75 Td (year) Tj ET Q q 0 0 0 rg BT 506.36 708.75 Td (, ) Tj ET Q q 0 0 0 rg BT 511.75 708.75 Td (of ) Tj ET Q q 0 0 0 rg BT 522.97 708.75 Td (which ) Tj ET Q q 0 0 0 rg BT 550.30 708.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 696.75 Td (EfW) Tj ET Q q 0 0 0 rg BT 68.20 696.75 Td ( ) Tj ET Q q 0 0 0 rg BT 70.70 696.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 105.97 696.75 Td (processes ) Tj ET Q q 0 0 0 rg BT 146.79 696.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 207.05 696.75 Td (12% ) Tj ET Q q 0 0 0 rg BT 227.88 696.75 Td (\(of ) Tj ET Q q 0 0 0 rg BT 242.04 696.75 Td (which ) Tj ET Q q 0 0 0 rg BT 268.98 696.75 Td (we ) Tj ET Q q 0 0 0 rg BT 283.14 696.75 Td (process ) Tj ET Q q 0 0 0 rg BT 315.63 696.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 375.89 696.75 Td (two-thirds\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 678.75 Td (EfW) Tj ET Q q 0 0 0 rg BT 77.20 678.75 Td ( ) Tj ET Q q 0 0 0 rg BT 78.81 678.75 Td (is ) Tj ET Q q 0 0 0 rg BT 87.10 678.75 Td (an ) Tj ET Q q 0 0 0 rg BT 98.16 678.75 Td (important ) Tj ET Q q 0 0 0 rg BT 138.66 678.75 Td (part ) Tj ET Q q 0 0 0 rg BT 155.82 678.75 Td (of ) Tj ET Q q 0 0 0 rg BT 165.77 678.75 Td (the ) Tj ET Q q 0 0 0 rg BT 179.60 678.75 Td (waste ) Tj ET Q q 0 0 0 rg BT 203.99 678.75 Td (management ) Tj ET Q q 0 0 0 rg BT 256.70 678.75 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 312.18 678.75 Td (of ) Tj ET Q q 0 0 0 rg BT 322.12 678.75 Td (the ) Tj ET Q q 0 0 0 rg BT 335.96 678.75 Td (United ) Tj ET Q q 0 0 0 rg BT 364.79 678.75 Td (States, ) Tj ET Q q 0 0 0 rg BT 392.80 678.75 Td (particularly ) Tj ET Q q 0 0 0 rg BT 440.50 678.75 Td (in ) Tj ET Q q 0 0 0 rg BT 449.90 678.75 Td (regions ) Tj ET Q q 0 0 0 rg BT 480.96 678.75 Td (with ) Tj ET Q q 0 0 0 rg BT 500.35 678.75 Td (high ) Tj ET Q q 0 0 0 rg BT 519.75 678.75 Td (population ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.75 Td (density ) Tj ET Q q 0 0 0 rg BT 81.69 666.75 Td (but ) Tj ET Q q 0 0 0 rg BT 97.78 666.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 129.41 666.75 Td (availability ) Tj ET Q q 0 0 0 rg BT 177.70 666.75 Td (of ) Tj ET Q q 0 0 0 rg BT 189.34 666.75 Td (land ) Tj ET Q q 0 0 0 rg BT 209.86 666.75 Td (for ) Tj ET Q q 0 0 0 rg BT 224.83 666.75 Td (landfilling, ) Tj ET Q q 0 0 0 rg BT 272.29 666.75 Td (with ) Tj ET Q q 0 0 0 rg BT 293.38 666.75 Td (nearly ) Tj ET Q q 0 0 0 rg BT 321.67 666.75 Td (80 ) Tj ET Q q 0 0 0 rg BT 334.97 666.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 372.71 666.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 412.11 666.75 Td (in ) Tj ET Q q 0 0 0 rg BT 423.19 666.75 Td (operation ) Tj ET Q q 0 0 0 rg BT 464.26 666.75 Td (that ) Tj ET Q q 0 0 0 rg BT 482.56 666.75 Td (collectively ) Tj ET Q q 0 0 0 rg BT 532.51 666.75 Td (process ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 110.32 654.75 Td (30million ) Tj ET Q q 0 0 0 rg BT 154.77 654.75 Td (tons ) Tj ET Q q 0 0 0 rg BT 174.50 654.75 Td (of ) Tj ET Q q 0 0 0 rg BT 185.89 654.75 Td (post-recycled ) Tj ET Q q 0 0 0 rg BT 242.82 654.75 Td (solid ) Tj ET Q q 0 0 0 rg BT 265.32 654.75 Td (waste ) Tj ET Q q 0 0 0 rg BT 291.15 654.75 Td (and ) Tj ET Q q 0 0 0 rg BT 308.65 654.75 Td (serve ) Tj ET Q q 0 0 0 rg BT 332.81 654.75 Td (the ) Tj ET Q q 0 0 0 rg BT 348.09 654.75 Td (needs ) Tj ET Q q 0 0 0 rg BT 373.92 654.75 Td (of ) Tj ET Q q 0 0 0 rg BT 385.31 654.75 Td (over ) Tj ET Q q 0 0 0 rg BT 406.14 654.75 Td (30million ) Tj ET Q q 0 0 0 rg BT 450.59 654.75 Td (people ) Tj ET Q q 0 0 0 rg BT 480.31 654.75 Td (and ) Tj ET Q q 0 0 0 rg BT 497.80 654.75 Td (produce ) Tj ET Q q 0 0 0 rg BT 533.07 654.75 Td (enough ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.75 Td (electricity ) Tj ET Q q 0 0 0 rg BT 91.74 642.75 Td (for ) Tj ET Q q 0 0 0 rg BT 105.67 642.75 Td (the ) Tj ET Q q 0 0 0 rg BT 120.15 642.75 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 164.07 642.75 Td (of ) Tj ET Q q 0 0 0 rg BT 174.66 642.75 Td (1.3million ) Tj ET Q q 0 0 0 rg BT 220.82 642.75 Td (homes. ) Tj ET Q q 0 0 0 rg BT 251.53 642.75 Td (The ) Tj ET Q q 0 0 0 rg BT 269.34 642.75 Td (use ) Tj ET Q q 0 0 0 rg BT 284.94 642.75 Td (of ) Tj ET Q q 0 0 0 rg BT 295.53 642.75 Td (EfW) Tj ET Q q 0 0 0 rg BT 314.23 642.75 Td ( ) Tj ET Q q 0 0 0 rg BT 316.49 642.75 Td (is ) Tj ET Q q 0 0 0 rg BT 325.43 642.75 Td (even ) Tj ET Q q 0 0 0 rg BT 346.57 642.75 Td (more ) Tj ET Q q 0 0 0 rg BT 369.39 642.75 Td (prevalent ) Tj ET Q q 0 0 0 rg BT 408.85 642.75 Td (in ) Tj ET Q q 0 0 0 rg BT 418.73 642.75 Td (W) Tj ET Q q 0 0 0 rg BT 427.37 642.75 Td (estern ) Tj ET Q q 0 0 0 rg BT 453.51 642.75 Td (Europe ) Tj ET Q q 0 0 0 rg BT 484.66 642.75 Td (and ) Tj ET Q q 0 0 0 rg BT 501.36 642.75 Td (many ) Tj ET Q q 0 0 0 rg BT 525.84 642.75 Td (countries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.75 Td (in ) Tj ET Q q 0 0 0 rg BT 59.42 630.75 Td (Asia, ) Tj ET Q q 0 0 0 rg BT 83.01 630.75 Td (such ) Tj ET Q q 0 0 0 rg BT 104.09 630.75 Td (as ) Tj ET Q q 0 0 0 rg BT 115.18 630.75 Td (Japan. ) Tj ET Q q 0 0 0 rg BT 143.20 630.75 Td (Nearly ) Tj ET Q q 0 0 0 rg BT 173.16 630.75 Td (1,600 ) Tj ET Q q 0 0 0 rg BT 198.41 630.75 Td (EfW) Tj ET Q q 0 0 0 rg BT 217.11 630.75 Td ( ) Tj ET Q q 0 0 0 rg BT 219.86 630.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 257.05 630.75 Td (are ) Tj ET Q q 0 0 0 rg BT 272.01 630.75 Td (in ) Tj ET Q q 0 0 0 rg BT 282.54 630.75 Td (use ) Tj ET Q q 0 0 0 rg BT 298.62 630.75 Td (today ) Tj ET Q q 0 0 0 rg BT 323.59 630.75 Td (around ) Tj ET Q q 0 0 0 rg BT 354.12 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 369.09 630.75 Td (world, ) Tj ET Q q 0 0 0 rg BT 397.67 630.75 Td (with ) Tj ET Q q 0 0 0 rg BT 418.20 630.75 Td (a ) Tj ET Q q 0 0 0 rg BT 425.40 630.75 Td (capacity ) Tj ET Q q 0 0 0 rg BT 461.46 630.75 Td (to ) Tj ET Q q 0 0 0 rg BT 471.99 630.75 Td (process ) Tj ET Q q 0 0 0 rg BT 504.74 630.75 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.75 Td (230million ) Tj ET Q q 0 0 0 rg BT 98.31 618.75 Td (tons ) Tj ET Q q 0 0 0 rg BT 117.40 618.75 Td (of ) Tj ET Q q 0 0 0 rg BT 128.14 618.75 Td (waste ) Tj ET Q q 0 0 0 rg BT 153.33 618.75 Td (per ) Tj ET Q q 0 0 0 rg BT 168.51 618.75 Td (year) Tj ET Q q 0 0 0 rg BT 185.17 618.75 Td (. ) Tj ET Q q 0 0 0 rg BT 190.09 618.75 Td (In ) Tj ET Q q 0 0 0 rg BT 200.83 618.75 Td (the ) Tj ET Q q 0 0 0 rg BT 215.47 618.75 Td (waste ) Tj ET Q q 0 0 0 rg BT 240.65 618.75 Td (management ) Tj ET Q q 0 0 0 rg BT 294.16 618.75 Td (hierarchies ) Tj ET Q q 0 0 0 rg BT 340.44 618.75 Td (of ) Tj ET Q q 0 0 0 rg BT 351.18 618.75 Td (the ) Tj ET Q q 0 0 0 rg BT 365.82 618.75 Td (United ) Tj ET Q q 0 0 0 rg BT 395.45 618.75 Td (StatesEP) Tj ET Q q 0 0 0 rg BT 432.59 618.75 Td (A) Tj ET Q q 0 0 0 rg BT 439.26 618.75 Td ( ) Tj ET Q q 0 0 0 rg BT 441.68 618.75 Td (and ) Tj ET Q q 0 0 0 rg BT 458.53 618.75 Td (the ) Tj ET Q q 0 0 0 rg BT 473.17 618.75 Td (European ) Tj ET Q q 0 0 0 rg BT 513.90 618.75 Td (Union, ) Tj ET Q q 0 0 0 rg BT 543.82 618.75 Td (EfW) Tj ET Q q 0 0 0 rg BT 562.51 618.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.75 Td (is ) Tj ET Q q 0 0 0 rg BT 58.67 606.75 Td (designated ) Tj ET Q q 0 0 0 rg BT 103.93 606.75 Td (as ) Tj ET Q q 0 0 0 rg BT 114.76 606.75 Td (a ) Tj ET Q q 0 0 0 rg BT 121.70 606.75 Td (superior ) Tj ET Q q 0 0 0 rg BT 156.97 606.75 Td (solution ) Tj ET Q q 0 0 0 rg BT 191.70 606.75 Td (to ) Tj ET Q q 0 0 0 rg BT 201.98 606.75 Td (landfilling. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 588.75 Td (Renewable ) Tj ET Q q 0 0 0 rg BT 98.66 588.75 Td (Energy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 570.75 Td (Public ) Tj ET Q q 0 0 0 rg BT 86.59 570.75 Td (policy ) Tj ET Q q 0 0 0 rg BT 114.13 570.75 Td (in ) Tj ET Q q 0 0 0 rg BT 124.44 570.75 Td (the ) Tj ET Q q 0 0 0 rg BT 139.19 570.75 Td (United ) Tj ET Q q 0 0 0 rg BT 168.95 570.75 Td (States, ) Tj ET Q q 0 0 0 rg BT 197.87 570.75 Td (at ) Tj ET Q q 0 0 0 rg BT 207.62 570.75 Td (both ) Tj ET Q q 0 0 0 rg BT 227.94 570.75 Td (the ) Tj ET Q q 0 0 0 rg BT 242.69 570.75 Td (state ) Tj ET Q q 0 0 0 rg BT 263.55 570.75 Td (and ) Tj ET Q q 0 0 0 rg BT 280.53 570.75 Td (national ) Tj ET Q q 0 0 0 rg BT 315.28 570.75 Td (levels, ) Tj ET Q q 0 0 0 rg BT 343.64 570.75 Td (has ) Tj ET Q q 0 0 0 rg BT 359.51 570.75 Td (developed ) Tj ET Q q 0 0 0 rg BT 403.14 570.75 Td (over ) Tj ET Q q 0 0 0 rg BT 423.44 570.75 Td (the ) Tj ET Q q 0 0 0 rg BT 438.19 570.75 Td (past ) Tj ET Q q 0 0 0 rg BT 456.84 570.75 Td (several ) Tj ET Q q 0 0 0 rg BT 487.69 570.75 Td (years ) Tj ET Q q 0 0 0 rg BT 511.33 570.75 Td (in ) Tj ET Q q 0 0 0 rg BT 521.64 570.75 Td (support ) Tj ET Q q 0 0 0 rg BT 554.18 570.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.75 Td (increased ) Tj ET Q q 0 0 0 rg BT 89.91 558.75 Td (generation ) Tj ET Q q 0 0 0 rg BT 134.78 558.75 Td (of ) Tj ET Q q 0 0 0 rg BT 145.77 558.75 Td (renewable ) Tj ET Q q 0 0 0 rg BT 189.51 558.75 Td (ener) Tj ET Q q 0 0 0 rg BT 206.54 558.75 Td (gy ) Tj ET Q q 0 0 0 rg BT 219.20 558.75 Td (as ) Tj ET Q q 0 0 0 rg BT 230.19 558.75 Td (a ) Tj ET Q q 0 0 0 rg BT 237.29 558.75 Td (means ) Tj ET Q q 0 0 0 rg BT 265.49 558.75 Td (of ) Tj ET Q q 0 0 0 rg BT 276.48 558.75 Td (combating ) Tj ET Q q 0 0 0 rg BT 321.36 558.75 Td (the ) Tj ET Q q 0 0 0 rg BT 336.23 558.75 Td (potential ) Tj ET Q q 0 0 0 rg BT 373.88 558.75 Td (ef) Tj ET Q q 0 0 0 rg BT 381.47 558.75 Td (fects ) Tj ET Q q 0 0 0 rg BT 403.01 558.75 Td (of ) Tj ET Q q 0 0 0 rg BT 414.00 558.75 Td (climate ) Tj ET Q q 0 0 0 rg BT 446.09 558.75 Td (change, ) Tj ET Q q 0 0 0 rg BT 479.56 558.75 Td (as ) Tj ET Q q 0 0 0 rg BT 490.55 558.75 Td (well ) Tj ET Q q 0 0 0 rg BT 510.43 558.75 Td (as ) Tj ET Q q 0 0 0 rg BT 521.42 558.75 Td (increasing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.75 Td (domestic ) Tj ET Q q 0 0 0 rg BT 89.06 546.75 Td (ener) Tj ET Q q 0 0 0 rg BT 106.08 546.75 Td (gy ) Tj ET Q q 0 0 0 rg BT 119.53 546.75 Td (security) Tj ET Q q 0 0 0 rg BT 150.54 546.75 Td (. ) Tj ET Q q 0 0 0 rg BT 156.24 546.75 Td (T) Tj ET Q q 0 0 0 rg BT 161.65 546.75 Td (oday ) Tj ET Q q 0 0 0 rg BT 184.54 546.75 Td (in ) Tj ET Q q 0 0 0 rg BT 195.77 546.75 Td (the ) Tj ET Q q 0 0 0 rg BT 211.44 546.75 Td (United ) Tj ET Q q 0 0 0 rg BT 242.11 546.75 Td (States, ) Tj ET Q q 0 0 0 rg BT 271.95 546.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 333.16 546.75 Td (13% ) Tj ET Q q 0 0 0 rg BT 354.94 546.75 Td (of ) Tj ET Q q 0 0 0 rg BT 366.73 546.75 Td (electricity ) Tj ET Q q 0 0 0 rg BT 410.15 546.75 Td (is ) Tj ET Q q 0 0 0 rg BT 420.28 546.75 Td (generated ) Tj ET Q q 0 0 0 rg BT 462.59 546.75 Td (from ) Tj ET Q q 0 0 0 rg BT 485.48 546.75 Td (renewable ) Tj ET Q q 0 0 0 rg BT 530.02 546.75 Td (sources, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 109.76 534.75 Td (half ) Tj ET Q q 0 0 0 rg BT 127.81 534.75 Td (of ) Tj ET Q q 0 0 0 rg BT 138.64 534.75 Td (which ) Tj ET Q q 0 0 0 rg BT 165.57 534.75 Td (is ) Tj ET Q q 0 0 0 rg BT 174.74 534.75 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 229.99 534.75 Td (power) Tj ET Q q 0 0 0 rg BT 254.43 534.75 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 516.75 Td (EfW) Tj ET Q q 0 0 0 rg BT 77.20 516.75 Td ( ) Tj ET Q q 0 0 0 rg BT 79.46 516.75 Td (contributes ) Tj ET Q q 0 0 0 rg BT 126.15 516.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 186.17 516.75 Td (5% ) Tj ET Q q 0 0 0 rg BT 201.76 516.75 Td (of ) Tj ET Q q 0 0 0 rg BT 212.35 516.75 Td (the ) Tj ET Q q 0 0 0 rg BT 226.83 516.75 Td (nation) Tj ET Q q 0 0 0 rg BT 254.60 516.75 Td (s ) Tj ET Q q 0 0 0 rg BT 260.76 516.75 Td (non-hydroelectric ) Tj ET Q q 0 0 0 rg BT 334.10 516.75 Td (renewable ) Tj ET Q q 0 0 0 rg BT 377.44 516.75 Td (power) Tj ET Q q 0 0 0 rg BT 401.88 516.75 Td (. ) Tj ET Q q 0 0 0 rg BT 406.64 516.75 Td (EfW) Tj ET Q q 0 0 0 rg BT 425.34 516.75 Td ( ) Tj ET Q q 0 0 0 rg BT 427.60 516.75 Td (is ) Tj ET Q q 0 0 0 rg BT 436.53 516.75 Td (designated ) Tj ET Q q 0 0 0 rg BT 481.55 516.75 Td (as ) Tj ET Q q 0 0 0 rg BT 492.14 516.75 Td (renewable ) Tj ET Q q 0 0 0 rg BT 535.49 516.75 Td (ener) Tj ET Q q 0 0 0 rg BT 552.51 516.75 Td (gy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 504.75 Td (in ) Tj ET Q q 0 0 0 rg BT 60.81 504.75 Td (31states, ) Tj ET Q q 0 0 0 rg BT 101.56 504.75 Td (the ) Tj ET Q q 0 0 0 rg BT 117.31 504.75 Td (District ) Tj ET Q q 0 0 0 rg BT 150.83 504.75 Td (of ) Tj ET Q q 0 0 0 rg BT 162.70 504.75 Td (Columbia, ) Tj ET Q q 0 0 0 rg BT 208.17 504.75 Td (and ) Tj ET Q q 0 0 0 rg BT 226.14 504.75 Td (Puerto ) Tj ET Q q 0 0 0 rg BT 255.78 504.75 Td (Rico, ) Tj ET Q q 0 0 0 rg BT 280.70 504.75 Td (as ) Tj ET Q q 0 0 0 rg BT 292.56 504.75 Td (well ) Tj ET Q q 0 0 0 rg BT 313.31 504.75 Td (as ) Tj ET Q q 0 0 0 rg BT 325.17 504.75 Td (in ) Tj ET Q q 0 0 0 rg BT 336.48 504.75 Td (several ) Tj ET Q q 0 0 0 rg BT 368.33 504.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 399.61 504.75 Td (statutes ) Tj ET Q q 0 0 0 rg BT 433.14 504.75 Td (and ) Tj ET Q q 0 0 0 rg BT 451.11 504.75 Td (policies. ) Tj ET Q q 0 0 0 rg BT 488.25 504.75 Td (Unlike ) Tj ET Q q 0 0 0 rg BT 519.00 504.75 Td (most ) Tj ET Q q 0 0 0 rg BT 541.98 504.75 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 492.75 Td (renewable ) Tj ET Q q 0 0 0 rg BT 92.37 492.75 Td (resources, ) Tj ET Q q 0 0 0 rg BT 134.42 492.75 Td (EfW) Tj ET Q q 0 0 0 rg BT 153.11 492.75 Td ( ) Tj ET Q q 0 0 0 rg BT 154.90 492.75 Td (generation ) Tj ET Q q 0 0 0 rg BT 198.89 492.75 Td (can ) Tj ET Q q 0 0 0 rg BT 214.55 492.75 Td (serve ) Tj ET Q q 0 0 0 rg BT 237.43 492.75 Td (base-load ) Tj ET Q q 0 0 0 rg BT 277.54 492.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 310.98 492.75 Td (and ) Tj ET Q q 0 0 0 rg BT 327.20 492.75 Td (is ) Tj ET Q q 0 0 0 rg BT 335.66 492.75 Td (more ) Tj ET Q q 0 0 0 rg BT 357.99 492.75 Td (often ) Tj ET Q q 0 0 0 rg BT 380.32 492.75 Td (located ) Tj ET Q q 0 0 0 rg BT 410.98 492.75 Td (near ) Tj ET Q q 0 0 0 rg BT 429.97 492.75 Td (population ) Tj ET Q q 0 0 0 rg BT 474.53 492.75 Td (centers ) Tj ET Q q 0 0 0 rg BT 504.64 492.75 Td (where ) Tj ET Q q 0 0 0 rg BT 530.85 492.75 Td (demand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 480.75 Td (is ) Tj ET Q q 0 0 0 rg BT 58.67 480.75 Td (greatest, ) Tj ET Q q 0 0 0 rg BT 94.76 480.75 Td (minimizing ) Tj ET Q q 0 0 0 rg BT 143.37 480.75 Td (the ) Tj ET Q q 0 0 0 rg BT 158.09 480.75 Td (need ) Tj ET Q q 0 0 0 rg BT 179.47 480.75 Td (for ) Tj ET Q q 0 0 0 rg BT 193.63 480.75 Td (expensive ) Tj ET Q q 0 0 0 rg BT 236.11 480.75 Td (incremental ) Tj ET Q q 0 0 0 rg BT 285.81 480.75 Td (transmission ) Tj ET Q q 0 0 0 rg BT 338.87 480.75 Td (infrastructure. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 462.75 Td (General ) Tj ET Q q 0 0 0 rg BT 86.43 462.75 Td (Business ) Tj ET Q q 0 0 0 rg BT 125.62 462.75 Td (Conditions) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 58.50 444.75 Td (Economic-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.00 444.75 Td ( ) Tj ET Q q 0 0 0 rg BT 107.89 444.75 Td (Changes ) Tj ET Q q 0 0 0 rg BT 144.22 444.75 Td (in ) Tj ET Q q 0 0 0 rg BT 153.89 444.75 Td (the ) Tj ET Q q 0 0 0 rg BT 168.00 444.75 Td (economy ) Tj ET Q q 0 0 0 rg BT 206.55 444.75 Td (af) Tj ET Q q 0 0 0 rg BT 214.14 444.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 231.02 444.75 Td (the ) Tj ET Q q 0 0 0 rg BT 245.13 444.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 278.68 444.75 Td (for ) Tj ET Q q 0 0 0 rg BT 292.23 444.75 Td (goods ) Tj ET Q q 0 0 0 rg BT 318.02 444.75 Td (and ) Tj ET Q q 0 0 0 rg BT 334.35 444.75 Td (services ) Tj ET Q q 0 0 0 rg BT 368.45 444.75 Td (generally) Tj ET Q q 0 0 0 rg BT 405.00 444.75 Td (, ) Tj ET Q q 0 0 0 rg BT 409.40 444.75 Td (which ) Tj ET Q q 0 0 0 rg BT 435.73 444.75 Td (af) Tj ET Q q 0 0 0 rg BT 443.32 444.75 Td (fects ) Tj ET Q q 0 0 0 rg BT 464.09 444.75 Td (overall ) Tj ET Q q 0 0 0 rg BT 493.74 444.75 Td (volumes ) Tj ET Q q 0 0 0 rg BT 529.52 444.75 Td (of ) Tj ET Q q 0 0 0 rg BT 539.75 444.75 Td (waste ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 432.75 Td (requiring ) Tj ET Q q 0 0 0 rg BT 89.41 432.75 Td (management ) Tj ET Q q 0 0 0 rg BT 143.76 432.75 Td (and ) Tj ET Q q 0 0 0 rg BT 161.46 432.75 Td (the ) Tj ET Q q 0 0 0 rg BT 176.94 432.75 Td (pricing ) Tj ET Q q 0 0 0 rg BT 208.52 432.75 Td (at ) Tj ET Q q 0 0 0 rg BT 219.00 432.75 Td (which ) Tj ET Q q 0 0 0 rg BT 246.69 432.75 Td (we ) Tj ET Q q 0 0 0 rg BT 261.61 432.75 Td (can ) Tj ET Q q 0 0 0 rg BT 278.75 432.75 Td (attract ) Tj ET Q q 0 0 0 rg BT 306.99 432.75 Td (waste ) Tj ET Q q 0 0 0 rg BT 333.02 432.75 Td (to ) Tj ET Q q 0 0 0 rg BT 344.06 432.75 Td (fill ) Tj ET Q q 0 0 0 rg BT 358.98 432.75 Td (available ) Tj ET Q q 0 0 0 rg BT 398.33 432.75 Td (capacity) Tj ET Q q 0 0 0 rg BT 430.99 432.75 Td (. ) Tj ET Q q 0 0 0 rg BT 436.51 432.75 Td (W) Tj ET Q q 0 0 0 rg BT 445.15 432.75 Td (e ) Tj ET Q q 0 0 0 rg BT 452.85 432.75 Td (receive ) Tj ET Q q 0 0 0 rg BT 484.97 432.75 Td (the ) Tj ET Q q 0 0 0 rg BT 500.45 432.75 Td (majority ) Tj ET Q q 0 0 0 rg BT 537.59 432.75 Td (of ) Tj ET Q q 0 0 0 rg BT 549.18 432.75 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 420.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 83.05 420.75 Td (under ) Tj ET Q q 0 0 0 rg BT 107.73 420.75 Td (short- ) Tj ET Q q 0 0 0 rg BT 132.97 420.75 Td (and ) Tj ET Q q 0 0 0 rg BT 149.32 420.75 Td (long-term ) Tj ET Q q 0 0 0 rg BT 190.66 420.75 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 231.16 420.75 Td (which ) Tj ET Q q 0 0 0 rg BT 257.51 420.75 Td (limits ) Tj ET Q q 0 0 0 rg BT 282.20 420.75 Td (our ) Tj ET Q q 0 0 0 rg BT 297.44 420.75 Td (exposure ) Tj ET Q q 0 0 0 rg BT 335.44 420.75 Td (to ) Tj ET Q q 0 0 0 rg BT 345.13 420.75 Td (price ) Tj ET Q q 0 0 0 rg BT 367.02 420.75 Td (volatility) Tj ET Q q 0 0 0 rg BT 402.48 420.75 Td (, ) Tj ET Q q 0 0 0 rg BT 406.89 420.75 Td (but ) Tj ET Q q 0 0 0 rg BT 421.58 420.75 Td (with ) Tj ET Q q 0 0 0 rg BT 441.26 420.75 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 490.94 420.75 Td (intended ) Tj ET Q q 0 0 0 rg BT 527.29 420.75 Td (to ) Tj ET Q q 0 0 0 rg BT 536.97 420.75 Td (reflect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 408.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 84.28 408.75 Td (in ) Tj ET Q q 0 0 0 rg BT 94.64 408.75 Td (our ) Tj ET Q q 0 0 0 rg BT 110.55 408.75 Td (costs. ) Tj ET Q q 0 0 0 rg BT 135.44 408.75 Td (Where ) Tj ET Q q 0 0 0 rg BT 164.66 408.75 Td (our ) Tj ET Q q 0 0 0 rg BT 180.57 408.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 214.79 408.75 Td (is ) Tj ET Q q 0 0 0 rg BT 224.04 408.75 Td (received ) Tj ET Q q 0 0 0 rg BT 260.48 408.75 Td (under ) Tj ET Q q 0 0 0 rg BT 285.82 408.75 Td (other ) Tj ET Q q 0 0 0 rg BT 308.95 408.75 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 365.39 408.75 Td (and ) Tj ET Q q 0 0 0 rg BT 382.40 408.75 Td (depending ) Tj ET Q q 0 0 0 rg BT 426.63 408.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 449.21 408.75 Td (the ) Tj ET Q q 0 0 0 rg BT 464.00 408.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 498.23 408.75 Td (source, ) Tj ET Q q 0 0 0 rg BT 529.40 408.75 Td (we ) Tj ET Q q 0 0 0 rg BT 543.64 408.75 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 396.75 Td (varying ) Tj ET Q q 0 0 0 rg BT 82.55 396.75 Td (amounts ) Tj ET Q q 0 0 0 rg BT 118.93 396.75 Td (of ) Tj ET Q q 0 0 0 rg BT 129.76 396.75 Td (exposure ) Tj ET Q q 0 0 0 rg BT 168.36 396.75 Td (to ) Tj ET Q q 0 0 0 rg BT 178.64 396.75 Td (price ) Tj ET Q q 0 0 0 rg BT 201.13 396.75 Td (volatility) Tj ET Q q 0 0 0 rg BT 236.58 396.75 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 378.75 Td (The ) Tj ET Q q 0 0 0 rg BT 75.92 378.75 Td (lar) Tj ET Q q 0 0 0 rg BT 86.28 378.75 Td (gest ) Tj ET Q q 0 0 0 rg BT 104.26 378.75 Td (component ) Tj ET Q q 0 0 0 rg BT 150.57 378.75 Td (of ) Tj ET Q q 0 0 0 rg BT 160.77 378.75 Td (our ) Tj ET Q q 0 0 0 rg BT 175.97 378.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 209.49 378.75 Td (is ) Tj ET Q q 0 0 0 rg BT 218.03 378.75 Td (waste ) Tj ET Q q 0 0 0 rg BT 242.67 378.75 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 278.69 378.75 Td (which ) Tj ET Q q 0 0 0 rg BT 305.00 378.75 Td (has ) Tj ET Q q 0 0 0 rg BT 320.20 378.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 359.27 378.75 Td (been ) Tj ET Q q 0 0 0 rg BT 380.02 378.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 410.22 378.75 Td (to ) Tj ET Q q 0 0 0 rg BT 419.87 378.75 Td (less ) Tj ET Q q 0 0 0 rg BT 436.74 378.75 Td (price ) Tj ET Q q 0 0 0 rg BT 458.60 378.75 Td (volatility ) Tj ET Q q 0 0 0 rg BT 496.58 378.75 Td (than ) Tj ET Q q 0 0 0 rg BT 515.67 378.75 Td (our ) Tj ET Q q 0 0 0 rg BT 530.87 378.75 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.75 Td (derived ) Tj ET Q q 0 0 0 rg BT 81.67 366.75 Td (from ) Tj ET Q q 0 0 0 rg BT 103.30 366.75 Td (the ) Tj ET Q q 0 0 0 rg BT 117.71 366.75 Td (sale ) Tj ET Q q 0 0 0 rg BT 135.44 366.75 Td (of ) Tj ET Q q 0 0 0 rg BT 145.96 366.75 Td (ener) Tj ET Q q 0 0 0 rg BT 162.99 366.75 Td (gy ) Tj ET Q q 0 0 0 rg BT 175.18 366.75 Td (and ) Tj ET Q q 0 0 0 rg BT 191.81 366.75 Td (metals. ) Tj ET Q q 0 0 0 rg BT 222.44 366.75 Td (W) Tj ET Q q 0 0 0 rg BT 231.08 366.75 Td (aste ) Tj ET Q q 0 0 0 rg BT 248.81 366.75 Td (markets ) Tj ET Q q 0 0 0 rg BT 282.66 366.75 Td (tend ) Tj ET Q q 0 0 0 rg BT 302.06 366.75 Td (to ) Tj ET Q q 0 0 0 rg BT 312.03 366.75 Td (be ) Tj ET Q q 0 0 0 rg BT 323.66 366.75 Td (af) Tj ET Q q 0 0 0 rg BT 331.25 366.75 Td (fected, ) Tj ET Q q 0 0 0 rg BT 360.36 366.75 Td (both ) Tj ET Q q 0 0 0 rg BT 380.33 366.75 Td (with ) Tj ET Q q 0 0 0 rg BT 400.29 366.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 430.80 366.75 Td (to ) Tj ET Q q 0 0 0 rg BT 440.76 366.75 Td (volume ) Tj ET Q q 0 0 0 rg BT 472.95 366.75 Td (and ) Tj ET Q q 0 0 0 rg BT 489.58 366.75 Td (price, ) Tj ET Q q 0 0 0 rg BT 514.25 366.75 Td (by ) Tj ET Q q 0 0 0 rg BT 526.44 366.75 Td (local ) Tj ET Q q 0 0 0 rg BT 548.06 366.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.75 Td (regional ) Tj ET Q q 0 0 0 rg BT 84.76 354.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 126.14 354.75 Td (activity) Tj ET Q q 0 0 0 rg BT 155.48 354.75 Td (, ) Tj ET Q q 0 0 0 rg BT 160.48 354.75 Td (as ) Tj ET Q q 0 0 0 rg BT 171.31 354.75 Td (well ) Tj ET Q q 0 0 0 rg BT 191.02 354.75 Td (as ) Tj ET Q q 0 0 0 rg BT 201.85 354.75 Td (state ) Tj ET Q q 0 0 0 rg BT 222.68 354.75 Td (and ) Tj ET Q q 0 0 0 rg BT 239.62 354.75 Td (local ) Tj ET Q q 0 0 0 rg BT 261.55 354.75 Td (waste ) Tj ET Q q 0 0 0 rg BT 286.82 354.75 Td (management ) Tj ET Q q 0 0 0 rg BT 340.41 354.75 Td (policies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 336.75 Td (At ) Tj ET Q q 0 0 0 rg BT 71.06 336.75 Td (the ) Tj ET Q q 0 0 0 rg BT 85.84 336.75 Td (same ) Tj ET Q q 0 0 0 rg BT 108.95 336.75 Td (time, ) Tj ET Q q 0 0 0 rg BT 131.79 336.75 Td (United ) Tj ET Q q 0 0 0 rg BT 161.57 336.75 Td (Statesnatural ) Tj ET Q q 0 0 0 rg BT 218.29 336.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 234.18 336.75 Td (market ) Tj ET Q q 0 0 0 rg BT 264.51 336.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 290.95 336.75 Td (influence ) Tj ET Q q 0 0 0 rg BT 330.71 336.75 Td (electricity ) Tj ET Q q 0 0 0 rg BT 373.25 336.75 Td (and ) Tj ET Q q 0 0 0 rg BT 390.25 336.75 Td (steam ) Tj ET Q q 0 0 0 rg BT 416.14 336.75 Td (pricing ) Tj ET Q q 0 0 0 rg BT 447.03 336.75 Td (in ) Tj ET Q q 0 0 0 rg BT 457.37 336.75 Td (regions ) Tj ET Q q 0 0 0 rg BT 489.37 336.75 Td (where ) Tj ET Q q 0 0 0 rg BT 516.37 336.75 Td (we ) Tj ET Q q 0 0 0 rg BT 530.59 336.75 Td (operate, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 324.75 Td (and ) Tj ET Q q 0 0 0 rg BT 66.29 324.75 Td (thus ) Tj ET Q q 0 0 0 rg BT 85.31 324.75 Td (af) Tj ET Q q 0 0 0 rg BT 92.89 324.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 110.23 324.75 Td (our ) Tj ET Q q 0 0 0 rg BT 125.91 324.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 159.90 324.75 Td (for ) Tj ET Q q 0 0 0 rg BT 173.91 324.75 Td (the ) Tj ET Q q 0 0 0 rg BT 188.47 324.75 Td (portion ) Tj ET Q q 0 0 0 rg BT 219.71 324.75 Td (of ) Tj ET Q q 0 0 0 rg BT 230.39 324.75 Td (the ) Tj ET Q q 0 0 0 rg BT 244.95 324.75 Td (ener) Tj ET Q q 0 0 0 rg BT 261.98 324.75 Td (gy ) Tj ET Q q 0 0 0 rg BT 274.33 324.75 Td (we ) Tj ET Q q 0 0 0 rg BT 288.34 324.75 Td (sell ) Tj ET Q q 0 0 0 rg BT 304.57 324.75 Td (that ) Tj ET Q q 0 0 0 rg BT 321.92 324.75 Td (is ) Tj ET Q q 0 0 0 rg BT 330.94 324.75 Td (not ) Tj ET Q q 0 0 0 rg BT 346.06 324.75 Td (under ) Tj ET Q q 0 0 0 rg BT 371.18 324.75 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 417.39 324.75 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 458.33 324.75 Td (Ener) Tj ET Q q 0 0 0 rg BT 477.03 324.75 Td (gy ) Tj ET Q q 0 0 0 rg BT 489.38 324.75 Td (markets ) Tj ET Q q 0 0 0 rg BT 523.38 324.75 Td (tend ) Tj ET Q q 0 0 0 rg BT 542.95 324.75 Td (to ) Tj ET Q q 0 0 0 rg BT 553.07 324.75 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 312.75 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 312.75 Td (fected ) Tj ET Q q 0 0 0 rg BT 84.01 312.75 Td (by ) Tj ET Q q 0 0 0 rg BT 96.51 312.75 Td (regional ) Tj ET Q q 0 0 0 rg BT 131.78 312.75 Td (supply ) Tj ET Q q 0 0 0 rg BT 160.95 312.75 Td (and ) Tj ET Q q 0 0 0 rg BT 177.88 312.75 Td (demand, ) Tj ET Q q 0 0 0 rg BT 214.54 312.75 Td (as ) Tj ET Q q 0 0 0 rg BT 225.37 312.75 Td (well ) Tj ET Q q 0 0 0 rg BT 245.09 312.75 Td (as ) Tj ET Q q 0 0 0 rg BT 255.92 312.75 Td (national ) Tj ET Q q 0 0 0 rg BT 290.63 312.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 332.00 312.75 Td (activity ) Tj ET Q q 0 0 0 rg BT 364.49 312.75 Td (and ) Tj ET Q q 0 0 0 rg BT 381.43 312.75 Td (regulations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 294.75 Td (At ) Tj ET Q q 0 0 0 rg BT 72.33 294.75 Td (our ) Tj ET Q q 0 0 0 rg BT 89.50 294.75 Td (biomass ) Tj ET Q q 0 0 0 rg BT 126.11 294.75 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 166.87 294.75 Td (lower ) Tj ET Q q 0 0 0 rg BT 193.47 294.75 Td (ener) Tj ET Q q 0 0 0 rg BT 210.50 294.75 Td (gy ) Tj ET Q q 0 0 0 rg BT 224.33 294.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 252.04 294.75 Td (combined ) Tj ET Q q 0 0 0 rg BT 295.31 294.75 Td (with ) Tj ET Q q 0 0 0 rg BT 316.92 294.75 Td (higher ) Tj ET Q q 0 0 0 rg BT 346.30 294.75 Td (fuel ) Tj ET Q q 0 0 0 rg BT 365.68 294.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 393.39 294.75 Td (have ) Tj ET Q q 0 0 0 rg BT 416.10 294.75 Td (caused ) Tj ET Q q 0 0 0 rg BT 447.14 294.75 Td (us ) Tj ET Q q 0 0 0 rg BT 459.86 294.75 Td (to ) Tj ET Q q 0 0 0 rg BT 471.47 294.75 Td (economically ) Tj ET Q q 0 0 0 rg BT 529.17 294.75 Td (dispatch ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 96.16 282.75 Td (pending ) Tj ET Q q 0 0 0 rg BT 130.87 282.75 Td (improved ) Tj ET Q q 0 0 0 rg BT 171.70 282.75 Td (market ) Tj ET Q q 0 0 0 rg BT 201.96 282.75 Td (conditions.) Tj ET Q endstream endobj 27 0 obj <>] /Rotate 0 /Contents 28 0 R>> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 744.60 Td (The ) Tj ET Q q 0 0 0 rg BT 76.78 744.60 Td (following ) Tj ET Q q 0 0 0 rg BT 118.40 744.60 Td (are ) Tj ET Q q 0 0 0 rg BT 133.34 744.60 Td (various ) Tj ET Q q 0 0 0 rg BT 165.51 744.60 Td (published ) Tj ET Q q 0 0 0 rg BT 207.13 744.60 Td (pricing ) Tj ET Q q 0 0 0 rg BT 238.19 744.60 Td (indices ) Tj ET Q q 0 0 0 rg BT 269.25 744.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 302.53 744.60 Td (to ) Tj ET Q q 0 0 0 rg BT 313.04 744.60 Td (the ) Tj ET Q q 0 0 0 rg BT 327.99 744.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 348.50 744.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 390.11 744.60 Td (drivers ) Tj ET Q q 0 0 0 rg BT 420.61 744.60 Td (that ) Tj ET Q q 0 0 0 rg BT 438.34 744.60 Td (are ) Tj ET Q q 0 0 0 rg BT 453.28 744.60 Td (relevant ) Tj ET Q q 0 0 0 rg BT 488.22 744.60 Td (to ) Tj ET Q q 0 0 0 rg BT 498.73 744.60 Td (those ) Tj ET Q q 0 0 0 rg BT 522.57 744.60 Td (aspects ) Tj ET Q q 0 0 0 rg BT 554.18 744.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 732.60 Td (our ) Tj ET Q q 0 0 0 rg BT 65.05 732.60 Td (business ) Tj ET Q q 0 0 0 rg BT 101.17 732.60 Td (where ) Tj ET Q q 0 0 0 rg BT 127.82 732.60 Td (we ) Tj ET Q q 0 0 0 rg BT 141.70 732.60 Td (have ) Tj ET Q q 0 0 0 rg BT 162.80 732.60 Td (market ) Tj ET Q q 0 0 0 rg BT 192.78 732.60 Td (exposure; ) Tj ET Q q 0 0 0 rg BT 233.88 732.60 Td (however) Tj ET Q q 0 0 0 rg BT 267.91 732.60 Td (, ) Tj ET Q q 0 0 0 rg BT 272.63 732.60 Td (there ) Tj ET Q q 0 0 0 rg BT 294.84 732.60 Td (is ) Tj ET Q q 0 0 0 rg BT 303.73 732.60 Td (not ) Tj ET Q q 0 0 0 rg BT 318.73 732.60 Td (a ) Tj ET Q q 0 0 0 rg BT 325.39 732.60 Td (precise ) Tj ET Q q 0 0 0 rg BT 355.93 732.60 Td (correlation ) Tj ET Q q 0 0 0 rg BT 401.46 732.60 Td (between ) Tj ET Q q 0 0 0 rg BT 437.00 732.60 Td (our ) Tj ET Q q 0 0 0 rg BT 452.55 732.60 Td (results ) Tj ET Q q 0 0 0 rg BT 480.88 732.60 Td (and ) Tj ET Q q 0 0 0 rg BT 497.54 732.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 531.97 732.60 Td (in ) Tj ET Q q 0 0 0 rg BT 541.97 732.60 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 720.60 Td (metrics. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 682.10 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 682.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 682.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 682.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 682.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 682.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 682.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 682.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 682.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 652.10 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 652.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 652.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 652.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 652.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 652.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 652.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 652.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 652.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 622.10 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 622.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 622.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 622.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 622.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 622.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 622.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 622.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 622.10 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 697.1 m 384.5 697.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 682.1 m 384.5 682.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 697.1 m 388.5 697.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 697.1 m 443.5 697.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 682.1 m 443.5 682.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 697.1 m 447.5 697.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 682.1 m 447.5 682.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 697.1 m 502.5 697.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 682.1 m 502.5 682.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 697.1 m 506.5 697.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 682.1 m 506.5 682.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 697.1 m 561.5 697.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 682.1 m 561.5 682.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 682.1 m 384.5 682.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 682.1 m 443.5 682.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 682.1 m 447.5 682.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 682.1 m 502.5 682.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 682.1 m 506.5 682.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 682.1 m 561.5 682.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.95 701.33 Td (As of December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.50 686.33 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.50 686.33 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 686.33 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.50 686.33 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 671.77 Td (Consumer Price Index ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 143.92 676.30 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 671.77 Td (2.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.65 671.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 671.77 Td (0.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 671.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 671.77 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 671.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 671.77 Td (1.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 671.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 656.77 Td (PJM Pricing \(Electricity\) ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 155.04 661.30 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 656.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 656.77 Td (24.85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 656.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 656.77 Td (36.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 656.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 656.77 Td (56.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 656.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 656.77 Td (41.93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 641.77 Td (NE ISO Pricing \(Electricity\) ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 168.64 646.30 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 641.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 641.77 Td (29.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 641.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 641.77 Td (42.93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 641.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 641.77 Td (64.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 641.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 641.77 Td (56.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 626.77 Td (Henry Hub Pricing \(Natural Gas\) ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 187.80 631.30 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 626.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 626.77 Td (2.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 626.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 626.77 Td (2.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 626.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 626.77 Td (4.33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 626.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 626.77 Td (3.72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 611.77 Td (#1 HMS Pricing \(Ferrous Metals\) ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 189.49 616.30 Td (\(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 611.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 611.77 Td (197) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 611.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 611.77 Td (217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 611.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 611.77 Td (355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 611.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.65 611.77 Td (344) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 596.77 Td (Scrap Metals - Old Cast ) Tj ET Q q 0 0 0 rg BT 150.04 596.77 Td (Aluminum Scrap ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 221.15 601.30 Td (\(6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 596.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 596.77 Td (0.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 596.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 596.77 Td (0.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 596.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 596.77 Td (0.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 596.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 596.77 Td (0.73) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 581.80 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 62.24 581.80 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 581.80 Td (Represents ) Tj ET Q q 0 0 0 rg BT 108.88 581.80 Td (the ) Tj ET Q q 0 0 0 rg BT 121.77 581.80 Td (year) Tj ET Q q 0 0 0 rg BT 137.08 581.80 Td (-over) Tj ET Q q 0 0 0 rg BT 155.89 581.80 Td (-year ) Tj ET Q q 0 0 0 rg BT 176.27 581.80 Td (percent ) Tj ET Q q 0 0 0 rg BT 204.64 581.80 Td (change ) Tj ET Q q 0 0 0 rg BT 232.02 581.80 Td (in ) Tj ET Q q 0 0 0 rg BT 240.92 581.80 Td (the ) Tj ET Q q 0 0 0 rg BT 253.81 581.80 Td (Headline ) Tj ET Q q 0 0 0 rg BT 288.19 581.80 Td (CPI ) Tj ET Q q 0 0 0 rg BT 304.09 581.80 Td (number) Tj ET Q q 0 0 0 rg BT 331.08 581.80 Td (. ) Tj ET Q q 0 0 0 rg BT 335.09 581.80 Td (The ) Tj ET Q q 0 0 0 rg BT 350.98 581.80 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 389.87 581.80 Td (Price ) Tj ET Q q 0 0 0 rg BT 410.26 581.80 Td (Index ) Tj ET Q q 0 0 0 rg BT 432.65 581.80 Td (\(CPI-U\) ) Tj ET Q q 0 0 0 rg BT 464.04 581.80 Td (data ) Tj ET Q q 0 0 0 rg BT 480.92 581.80 Td (is ) Tj ET Q q 0 0 0 rg BT 488.82 581.80 Td (provided ) Tj ET Q q 0 0 0 rg BT 522.71 581.80 Td (by ) Tj ET Q q 0 0 0 rg BT 533.60 581.80 Td (the ) Tj ET Q q 0 0 0 rg BT 546.49 581.80 Td (U.S. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 571.00 Td (Department ) Tj ET Q q 0 0 0 rg BT 112.23 571.00 Td (of ) Tj ET Q q 0 0 0 rg BT 121.98 571.00 Td (Labor ) Tj ET Q q 0 0 0 rg BT 145.72 571.00 Td (Bureau ) Tj ET Q q 0 0 0 rg BT 173.96 571.00 Td (of ) Tj ET Q q 0 0 0 rg BT 183.70 571.00 Td (Labor ) Tj ET Q q 0 0 0 rg BT 207.44 571.00 Td (Statistics. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 560.20 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 62.24 560.20 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 560.20 Td (A) Tj ET Q q 0 0 0 rg BT 73.33 560.20 Td (verage ) Tj ET Q q 0 0 0 rg BT 99.56 560.20 Td (price ) Tj ET Q q 0 0 0 rg BT 119.80 560.20 Td (per ) Tj ET Q q 0 0 0 rg BT 133.54 560.20 Td (MWh ) Tj ET Q q 0 0 0 rg BT 156.79 560.20 Td (for ) Tj ET Q q 0 0 0 rg BT 169.53 560.20 Td (full ) Tj ET Q q 0 0 0 rg BT 184.28 560.20 Td (year) Tj ET Q q 0 0 0 rg BT 199.27 560.20 Td (. ) Tj ET Q q 0 0 0 rg BT 203.77 560.20 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 232.02 560.20 Td (for ) Tj ET Q q 0 0 0 rg BT 244.76 560.20 Td (the ) Tj ET Q q 0 0 0 rg BT 258.01 560.20 Td (PJM ) Tj ET Q q 0 0 0 rg BT 276.77 560.20 Td (PSEG ) Tj ET Q q 0 0 0 rg BT 301.03 560.20 Td (Zone ) Tj ET Q q 0 0 0 rg BT 321.77 560.20 Td (is ) Tj ET Q q 0 0 0 rg BT 330.02 560.20 Td (provided ) Tj ET Q q 0 0 0 rg BT 364.26 560.20 Td (by ) Tj ET Q q 0 0 0 rg BT 375.51 560.20 Td (the ) Tj ET Q q 0 0 0 rg BT 388.76 560.20 Td (PJM ) Tj ET Q q 0 0 0 rg BT 407.52 560.20 Td (ISO.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 549.40 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 62.24 549.40 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 549.40 Td (A) Tj ET Q q 0 0 0 rg BT 73.33 549.40 Td (verage ) Tj ET Q q 0 0 0 rg BT 99.56 549.40 Td (price ) Tj ET Q q 0 0 0 rg BT 119.80 549.40 Td (per ) Tj ET Q q 0 0 0 rg BT 133.54 549.40 Td (MWh ) Tj ET Q q 0 0 0 rg BT 156.79 549.40 Td (for ) Tj ET Q q 0 0 0 rg BT 169.53 549.40 Td (full ) Tj ET Q q 0 0 0 rg BT 184.28 549.40 Td (year) Tj ET Q q 0 0 0 rg BT 199.27 549.40 Td (. ) Tj ET Q q 0 0 0 rg BT 203.77 549.40 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 232.02 549.40 Td (for ) Tj ET Q q 0 0 0 rg BT 244.76 549.40 Td (the ) Tj ET Q q 0 0 0 rg BT 258.01 549.40 Td (Mass ) Tj ET Q q 0 0 0 rg BT 279.26 549.40 Td (Hub ) Tj ET Q q 0 0 0 rg BT 297.01 549.40 Td (Zone ) Tj ET Q q 0 0 0 rg BT 317.75 549.40 Td (is ) Tj ET Q q 0 0 0 rg BT 326.00 549.40 Td (provided ) Tj ET Q q 0 0 0 rg BT 360.25 549.40 Td (by ) Tj ET Q q 0 0 0 rg BT 371.50 549.40 Td (the ) Tj ET Q q 0 0 0 rg BT 384.74 549.40 Td (NE ) Tj ET Q q 0 0 0 rg BT 398.99 549.40 Td (ISO.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 538.60 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 62.24 538.60 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 538.60 Td (A) Tj ET Q q 0 0 0 rg BT 73.33 538.60 Td (verage ) Tj ET Q q 0 0 0 rg BT 99.72 538.60 Td (price ) Tj ET Q q 0 0 0 rg BT 120.12 538.60 Td (per ) Tj ET Q q 0 0 0 rg BT 134.02 538.60 Td (MMBtu ) Tj ET Q q 0 0 0 rg BT 165.43 538.60 Td (for ) Tj ET Q q 0 0 0 rg BT 178.33 538.60 Td (full ) Tj ET Q q 0 0 0 rg BT 193.24 538.60 Td (year) Tj ET Q q 0 0 0 rg BT 208.23 538.60 Td (. ) Tj ET Q q 0 0 0 rg BT 212.71 538.60 Td (The ) Tj ET Q q 0 0 0 rg BT 229.12 538.60 Td (Henry ) Tj ET Q q 0 0 0 rg BT 254.01 538.60 Td (Hub ) Tj ET Q q 0 0 0 rg BT 271.92 538.60 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 300.33 538.60 Td (data ) Tj ET Q q 0 0 0 rg BT 317.73 538.60 Td (is ) Tj ET Q q 0 0 0 rg BT 326.14 538.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 360.54 538.60 Td (by ) Tj ET Q q 0 0 0 rg BT 371.95 538.60 Td (the ) Tj ET Q q 0 0 0 rg BT 385.35 538.60 Td (Natural ) Tj ET Q q 0 0 0 rg BT 414.74 538.60 Td (Gas ) Tj ET Q q 0 0 0 rg BT 430.98 538.60 Td (W) Tj ET Q q 0 0 0 rg BT 438.75 538.60 Td (eekly ) Tj ET Q q 0 0 0 rg BT 460.65 538.60 Td (Update, ) Tj ET Q q 0 0 0 rg BT 491.29 538.60 Td (Ener) Tj ET Q q 0 0 0 rg BT 508.12 538.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 519.53 538.60 Td (Information ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 527.80 Td (Administration, ) Tj ET Q q 0 0 0 rg BT 126.33 527.80 Td (W) Tj ET Q q 0 0 0 rg BT 134.11 527.80 Td (ashington, ) Tj ET Q q 0 0 0 rg BT 173.61 527.80 Td (DC. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 517.00 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 62.24 517.00 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 517.00 Td (A) Tj ET Q q 0 0 0 rg BT 73.33 517.00 Td (verage ) Tj ET Q q 0 0 0 rg BT 99.46 517.00 Td (price ) Tj ET Q q 0 0 0 rg BT 119.60 517.00 Td (per ) Tj ET Q q 0 0 0 rg BT 133.25 517.00 Td (gross ) Tj ET Q q 0 0 0 rg BT 154.40 517.00 Td (ton ) Tj ET Q q 0 0 0 rg BT 168.05 517.00 Td (for ) Tj ET Q q 0 0 0 rg BT 180.70 517.00 Td (full ) Tj ET Q q 0 0 0 rg BT 195.35 517.00 Td (year) Tj ET Q q 0 0 0 rg BT 210.33 517.00 Td (. ) Tj ET Q q 0 0 0 rg BT 214.58 517.00 Td (The ) Tj ET Q q 0 0 0 rg BT 230.72 517.00 Td (#1 ) Tj ET Q q 0 0 0 rg BT 241.88 517.00 Td (Heavy ) Tj ET Q q 0 0 0 rg BT 267.52 517.00 Td (Melt ) Tj ET Q q 0 0 0 rg BT 286.67 517.00 Td (Steel ) Tj ET Q q 0 0 0 rg BT 306.81 517.00 Td (\("HMS"\) ) Tj ET Q q 0 0 0 rg BT 341.81 517.00 Td (composite ) Tj ET Q q 0 0 0 rg BT 380.96 517.00 Td (index ) Tj ET Q q 0 0 0 rg BT 403.10 517.00 Td (\($/gross ) Tj ET Q q 0 0 0 rg BT 434.25 517.00 Td (ton\) ) Tj ET Q q 0 0 0 rg BT 450.90 517.00 Td (price ) Tj ET Q q 0 0 0 rg BT 471.04 517.00 Td (is ) Tj ET Q q 0 0 0 rg BT 479.20 517.00 Td (published ) Tj ET Q q 0 0 0 rg BT 516.35 517.00 Td (by ) Tj ET Q q 0 0 0 rg BT 527.02 517.00 Td (American ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 506.20 Td (Metal ) Tj ET Q q 0 0 0 rg BT 90.74 506.20 Td (Market.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 495.40 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 62.24 495.40 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 495.40 Td (A) Tj ET Q q 0 0 0 rg BT 73.33 495.40 Td (verage ) Tj ET Q q 0 0 0 rg BT 99.89 495.40 Td (price ) Tj ET Q q 0 0 0 rg BT 120.46 495.40 Td (per ) Tj ET Q q 0 0 0 rg BT 134.53 495.40 Td (pound ) Tj ET Q q 0 0 0 rg BT 159.61 495.40 Td (for ) Tj ET Q q 0 0 0 rg BT 172.69 495.40 Td (full ) Tj ET Q q 0 0 0 rg BT 187.77 495.40 Td (year) Tj ET Q q 0 0 0 rg BT 202.76 495.40 Td (. ) Tj ET Q q 0 0 0 rg BT 207.59 495.40 Td (Calculated ) Tj ET Q q 0 0 0 rg BT 248.65 495.40 Td (using ) Tj ET Q q 0 0 0 rg BT 270.73 495.40 Td (the ) Tj ET Q q 0 0 0 rg BT 284.31 495.40 Td (high ) Tj ET Q q 0 0 0 rg BT 302.89 495.40 Td (price ) Tj ET Q q 0 0 0 rg BT 323.46 495.40 Td (of ) Tj ET Q q 0 0 0 rg BT 333.54 495.40 Td (Old ) Tj ET Q q 0 0 0 rg BT 349.62 495.40 Td (Cast ) Tj ET Q q 0 0 0 rg BT 367.63 495.40 Td (Aluminum ) Tj ET Q q 0 0 0 rg BT 409.21 495.40 Td (Scrap ) Tj ET Q q 0 0 0 rg BT 432.28 495.40 Td (\($/lb\) ) Tj ET Q q 0 0 0 rg BT 454.86 495.40 Td (published ) Tj ET Q q 0 0 0 rg BT 492.44 495.40 Td (by ) Tj ET Q q 0 0 0 rg BT 503.45 495.40 Td (American ) Tj ET Q q 0 0 0 rg BT 541.51 495.40 Td (Metal ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 484.60 Td (Market. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 58.50 466.60 Td (Seasonal-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.56 466.60 Td ( ) Tj ET Q q 0 0 0 rg BT 104.54 466.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 123.07 466.60 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 162.14 466.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 202.88 466.60 Td (income ) Tj ET Q q 0 0 0 rg BT 235.30 466.60 Td (within ) Tj ET Q q 0 0 0 rg BT 263.83 466.60 Td (the ) Tj ET Q q 0 0 0 rg BT 279.03 466.60 Td (same ) Tj ET Q q 0 0 0 rg BT 302.55 466.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 327.19 466.60 Td (year ) Tj ET Q q 0 0 0 rg BT 347.37 466.60 Td (typically ) Tj ET Q q 0 0 0 rg BT 385.34 466.60 Td (dif) Tj ET Q q 0 0 0 rg BT 396.27 466.60 Td (fers ) Tj ET Q q 0 0 0 rg BT 414.24 466.60 Td (substantially ) Tj ET Q q 0 0 0 rg BT 467.77 466.60 Td (due ) Tj ET Q q 0 0 0 rg BT 485.18 466.60 Td (to ) Tj ET Q q 0 0 0 rg BT 495.94 466.60 Td (seasonal ) Tj ET Q q 0 0 0 rg BT 532.80 466.60 Td (factors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 89.79 454.60 Td (as ) Tj ET Q q 0 0 0 rg BT 101.21 454.60 Td (a ) Tj ET Q q 0 0 0 rg BT 108.73 454.60 Td (result ) Tj ET Q q 0 0 0 rg BT 134.03 454.60 Td (of ) Tj ET Q q 0 0 0 rg BT 145.44 454.60 Td (the ) Tj ET Q q 0 0 0 rg BT 160.74 454.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 189.94 454.60 Td (of ) Tj ET Q q 0 0 0 rg BT 201.35 454.60 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 244.42 454.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 267.49 454.60 Td (maintenance. ) Tj ET Q q 0 0 0 rg BT 323.38 454.60 Td (W) Tj ET Q q 0 0 0 rg BT 332.02 454.60 Td (e ) Tj ET Q q 0 0 0 rg BT 339.54 454.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 374.28 454.60 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 417.34 454.60 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 470.95 454.60 Td (periodically ) Tj ET Q q 0 0 0 rg BT 521.80 454.60 Td (each ) Tj ET Q q 0 0 0 rg BT 543.19 454.60 Td (year) Tj ET Q q 0 0 0 rg BT 560.00 454.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.60 Td (which ) Tj ET Q q 0 0 0 rg BT 75.30 442.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 108.86 442.60 Td (that ) Tj ET Q q 0 0 0 rg BT 125.22 442.60 Td (individual ) Tj ET Q q 0 0 0 rg BT 167.13 442.60 Td (boiler ) Tj ET Q q 0 0 0 rg BT 191.81 442.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 218.72 442.60 Td (turbine ) Tj ET Q q 0 0 0 rg BT 248.40 442.60 Td (units ) Tj ET Q q 0 0 0 rg BT 269.21 442.60 Td (temporarily ) Tj ET Q q 0 0 0 rg BT 317.22 442.60 Td (cease ) Tj ET Q q 0 0 0 rg BT 340.22 442.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 385.74 442.60 Td (During ) Tj ET Q q 0 0 0 rg BT 415.43 442.60 Td (these ) Tj ET Q q 0 0 0 rg BT 437.33 442.60 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 478.68 442.60 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 530.56 442.60 Td (periods, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.60 Td (we ) Tj ET Q q 0 0 0 rg BT 63.24 430.60 Td (incur ) Tj ET Q q 0 0 0 rg BT 85.86 430.60 Td (material ) Tj ET Q q 0 0 0 rg BT 120.70 430.60 Td (repair ) Tj ET Q q 0 0 0 rg BT 146.09 430.60 Td (and ) Tj ET Q q 0 0 0 rg BT 162.60 430.60 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 215.21 430.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 249.49 430.60 Td (and ) Tj ET Q q 0 0 0 rg BT 266.01 430.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 296.94 430.60 Td (less ) Tj ET Q q 0 0 0 rg BT 314.02 430.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 347.74 430.60 Td (until ) Tj ET Q q 0 0 0 rg BT 368.16 430.60 Td (the ) Tj ET Q q 0 0 0 rg BT 382.45 430.60 Td (boiler ) Tj ET Q q 0 0 0 rg BT 407.85 430.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 435.47 430.60 Td (turbine ) Tj ET Q q 0 0 0 rg BT 465.88 430.60 Td (units ) Tj ET Q q 0 0 0 rg BT 487.40 430.60 Td (resume ) Tj ET Q q 0 0 0 rg BT 518.35 430.60 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.60 Td (This ) Tj ET Q q 0 0 0 rg BT 70.11 418.60 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 112.93 418.60 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 166.29 418.60 Td (usually ) Tj ET Q q 0 0 0 rg BT 198.01 418.60 Td (occurs ) Tj ET Q q 0 0 0 rg BT 226.94 418.60 Td (during ) Tj ET Q q 0 0 0 rg BT 255.88 418.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 288.15 418.60 Td (of ) Tj ET Q q 0 0 0 rg BT 299.31 418.60 Td (of) Tj ET Q q 0 0 0 rg BT 307.46 418.60 Td (f-peak ) Tj ET Q q 0 0 0 rg BT 335.83 418.60 Td (electric ) Tj ET Q q 0 0 0 rg BT 368.08 418.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 402.57 418.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 430.95 418.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 456.55 418.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 482.15 418.60 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 521.37 418.60 Td (which ) Tj ET Q q 0 0 0 rg BT 548.64 418.60 Td (can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.60 Td (vary ) Tj ET Q q 0 0 0 rg BT 69.60 406.60 Td (regionally) Tj ET Q q 0 0 0 rg BT 109.49 406.60 Td (. ) Tj ET Q q 0 0 0 rg BT 114.15 406.60 Td (The ) Tj ET Q q 0 0 0 rg BT 132.02 406.60 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 174.33 406.60 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 227.19 406.60 Td (period ) Tj ET Q q 0 0 0 rg BT 255.06 406.60 Td (in ) Tj ET Q q 0 0 0 rg BT 265.16 406.60 Td (the ) Tj ET Q q 0 0 0 rg BT 279.71 406.60 Td (first ) Tj ET Q q 0 0 0 rg BT 298.14 406.60 Td (half ) Tj ET Q q 0 0 0 rg BT 316.02 406.60 Td (of ) Tj ET Q q 0 0 0 rg BT 326.67 406.60 Td (the ) Tj ET Q q 0 0 0 rg BT 341.22 406.60 Td (year ) Tj ET Q q 0 0 0 rg BT 360.75 406.60 Td (\(primarily ) Tj ET Q q 0 0 0 rg BT 403.62 406.60 Td (first ) Tj ET Q q 0 0 0 rg BT 422.05 406.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 452.70 406.60 Td (and ) Tj ET Q q 0 0 0 rg BT 469.46 406.60 Td (early ) Tj ET Q q 0 0 0 rg BT 491.77 406.60 Td (second ) Tj ET Q q 0 0 0 rg BT 521.87 406.60 Td (quarter\) ) Tj ET Q q 0 0 0 rg BT 555.84 406.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.60 Td (typically ) Tj ET Q q 0 0 0 rg BT 86.97 394.60 Td (the ) Tj ET Q q 0 0 0 rg BT 101.66 394.60 Td (most ) Tj ET Q q 0 0 0 rg BT 123.58 394.60 Td (extensive, ) Tj ET Q q 0 0 0 rg BT 166.32 394.60 Td (while ) Tj ET Q q 0 0 0 rg BT 191.01 394.60 Td (the ) Tj ET Q q 0 0 0 rg BT 205.71 394.60 Td (third ) Tj ET Q q 0 0 0 rg BT 227.07 394.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 257.86 394.60 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 300.32 394.60 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 353.32 394.60 Td (period ) Tj ET Q q 0 0 0 rg BT 381.35 394.60 Td (is ) Tj ET Q q 0 0 0 rg BT 390.49 394.60 Td (the ) Tj ET Q q 0 0 0 rg BT 405.18 394.60 Td (least ) Tj ET Q q 0 0 0 rg BT 425.98 394.60 Td (extensive. ) Tj ET Q q 0 0 0 rg BT 468.72 394.60 Td (Given ) Tj ET Q q 0 0 0 rg BT 495.64 394.60 Td (these ) Tj ET Q q 0 0 0 rg BT 518.66 394.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 550.84 394.60 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.60 Td (normally ) Tj ET Q q 0 0 0 rg BT 88.10 382.60 Td (experience ) Tj ET Q q 0 0 0 rg BT 133.90 382.60 Td (our ) Tj ET Q q 0 0 0 rg BT 149.73 382.60 Td (lowest ) Tj ET Q q 0 0 0 rg BT 178.34 382.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 218.61 382.60 Td (income ) Tj ET Q q 0 0 0 rg BT 250.54 382.60 Td (from ) Tj ET Q q 0 0 0 rg BT 272.48 382.60 Td (our ) Tj ET Q q 0 0 0 rg BT 288.31 382.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 322.46 382.60 Td (during ) Tj ET Q q 0 0 0 rg BT 351.07 382.60 Td (the ) Tj ET Q q 0 0 0 rg BT 365.79 382.60 Td (first ) Tj ET Q q 0 0 0 rg BT 384.40 382.60 Td (half ) Tj ET Q q 0 0 0 rg BT 402.44 382.60 Td (of ) Tj ET Q q 0 0 0 rg BT 413.27 382.60 Td (each ) Tj ET Q q 0 0 0 rg BT 434.09 382.60 Td (year) Tj ET Q q 0 0 0 rg BT 450.75 382.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 364.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 76.68 364.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 117.07 364.60 Td (income ) Tj ET Q q 0 0 0 rg BT 149.13 364.60 Td (may ) Tj ET Q q 0 0 0 rg BT 168.97 364.60 Td (also ) Tj ET Q q 0 0 0 rg BT 187.71 364.60 Td (be ) Tj ET Q q 0 0 0 rg BT 199.77 364.60 Td (af) Tj ET Q q 0 0 0 rg BT 207.36 364.60 Td (fected ) Tj ET Q q 0 0 0 rg BT 234.41 364.60 Td (by ) Tj ET Q q 0 0 0 rg BT 247.04 364.60 Td (seasonal ) Tj ET Q q 0 0 0 rg BT 283.54 364.60 Td (weather ) Tj ET Q q 0 0 0 rg BT 317.82 364.60 Td (extremes ) Tj ET Q q 0 0 0 rg BT 356.54 364.60 Td (during ) Tj ET Q q 0 0 0 rg BT 385.27 364.60 Td (summers ) Tj ET Q q 0 0 0 rg BT 424.01 364.60 Td (and ) Tj ET Q q 0 0 0 rg BT 441.07 364.60 Td (winters. ) Tj ET Q q 0 0 0 rg BT 475.64 364.60 Td (Increased ) Tj ET Q q 0 0 0 rg BT 516.57 364.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 550.85 364.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.60 Td (electricity ) Tj ET Q q 0 0 0 rg BT 91.41 352.60 Td (and ) Tj ET Q q 0 0 0 rg BT 107.78 352.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 137.48 352.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 152.74 352.60 Td (during ) Tj ET Q q 0 0 0 rg BT 180.78 352.60 Td (unusually ) Tj ET Q q 0 0 0 rg BT 221.60 352.60 Td (hot ) Tj ET Q q 0 0 0 rg BT 236.31 352.60 Td (or ) Tj ET Q q 0 0 0 rg BT 246.57 352.60 Td (cold ) Tj ET Q q 0 0 0 rg BT 265.72 352.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 297.09 352.60 Td (may ) Tj ET Q q 0 0 0 rg BT 316.24 352.60 Td (af) Tj ET Q q 0 0 0 rg BT 323.83 352.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 340.75 352.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 369.88 352.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 409.58 352.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 443.72 352.60 Td (and ) Tj ET Q q 0 0 0 rg BT 460.09 352.60 Td (may ) Tj ET Q q 0 0 0 rg BT 479.24 352.60 Td (trigger ) Tj ET Q q 0 0 0 rg BT 507.83 352.60 Td (material ) Tj ET Q q 0 0 0 rg BT 542.52 352.60 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 88.65 340.60 Td (for ) Tj ET Q q 0 0 0 rg BT 102.81 340.60 Td (a ) Tj ET Q q 0 0 0 rg BT 109.74 340.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 141.13 340.60 Td (of ) Tj ET Q q 0 0 0 rg BT 151.96 340.60 Td (the ) Tj ET Q q 0 0 0 rg BT 166.68 340.60 Td (electricity ) Tj ET Q q 0 0 0 rg BT 209.15 340.60 Td (and ) Tj ET Q q 0 0 0 rg BT 226.09 340.60 Td (steam ) Tj ET Q q 0 0 0 rg BT 251.92 340.60 Td (we ) Tj ET Q q 0 0 0 rg BT 266.08 340.60 Td (sell. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 58.50 322.60 Td (Performance ) Tj ET Q q 0 0 0 rg BT 114.52 322.60 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.85 322.60 Td ( ) Tj ET Q q 0 0 0 rg BT 119.99 322.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 137.68 322.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 156.38 322.60 Td ( ) Tj ET Q q 0 0 0 rg BT 158.52 322.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 195.09 322.60 Td (have ) Tj ET Q q 0 0 0 rg BT 216.11 322.60 Td (historically ) Tj ET Q q 0 0 0 rg BT 263.24 322.60 Td (demonstrated ) Tj ET Q q 0 0 0 rg BT 319.25 322.60 Td (consistent ) Tj ET Q q 0 0 0 rg BT 361.39 322.60 Td (reliability; ) Tj ET Q q 0 0 0 rg BT 405.18 322.60 Td (our ) Tj ET Q q 0 0 0 rg BT 420.66 322.60 Td (average ) Tj ET Q q 0 0 0 rg BT 453.88 322.60 Td (boiler ) Tj ET Q q 0 0 0 rg BT 479.35 322.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 526.47 322.60 Td (was ) Tj ET Q q 0 0 0 rg BT 544.17 322.60 Td (91% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.60 Td (in ) Tj ET Q q 0 0 0 rg BT 60.43 310.60 Td (2016. ) Tj ET Q q 0 0 0 rg BT 85.85 310.60 Td (W) Tj ET Q q 0 0 0 rg BT 94.49 310.60 Td (e ) Tj ET Q q 0 0 0 rg BT 102.08 310.60 Td (have ) Tj ET Q q 0 0 0 rg BT 124.10 310.60 Td (historically ) Tj ET Q q 0 0 0 rg BT 172.24 310.60 Td (met ) Tj ET Q q 0 0 0 rg BT 190.39 310.60 Td (our ) Tj ET Q q 0 0 0 rg BT 206.87 310.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 247.78 310.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 295.37 310.60 Td (without ) Tj ET Q q 0 0 0 rg BT 329.08 310.60 Td (experiencing ) Tj ET Q q 0 0 0 rg BT 383.87 310.60 Td (material ) Tj ET Q q 0 0 0 rg BT 419.78 310.60 Td (unexpected ) Tj ET Q q 0 0 0 rg BT 468.46 310.60 Td (service ) Tj ET Q q 0 0 0 rg BT 499.92 310.60 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 554.17 310.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.60 Td (incurring ) Tj ET Q q 0 0 0 rg BT 88.85 298.60 Td (material ) Tj ET Q q 0 0 0 rg BT 124.31 298.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 163.65 298.60 Td (in ) Tj ET Q q 0 0 0 rg BT 174.13 298.60 Td (costs. ) Tj ET Q q 0 0 0 rg BT 199.32 298.60 Td (In ) Tj ET Q q 0 0 0 rg BT 210.35 298.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 248.32 298.60 Td (with ) Tj ET Q q 0 0 0 rg BT 268.79 298.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 299.81 298.60 Td (to ) Tj ET Q q 0 0 0 rg BT 310.28 298.60 Td (many ) Tj ET Q q 0 0 0 rg BT 335.19 298.60 Td (of ) Tj ET Q q 0 0 0 rg BT 346.22 298.60 Td (our ) Tj ET Q q 0 0 0 rg BT 362.25 298.60 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 403.54 298.60 Td (we ) Tj ET Q q 0 0 0 rg BT 417.90 298.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 457.79 298.60 Td (have ) Tj ET Q q 0 0 0 rg BT 479.37 298.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 510.40 298.60 Td (our ) Tj ET Q q 0 0 0 rg BT 526.42 298.60 Td (exposure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.60 Td (for ) Tj ET Q q 0 0 0 rg BT 63.34 286.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 84.41 286.60 Td (not ) Tj ET Q q 0 0 0 rg BT 99.37 286.60 Td (within ) Tj ET Q q 0 0 0 rg BT 127.10 286.60 Td (our ) Tj ET Q q 0 0 0 rg BT 142.61 286.60 Td (control. ) Tj ET Q q 0 0 0 rg BT 175.14 286.60 Td (Across ) Tj ET Q q 0 0 0 rg BT 205.09 286.60 Td (our ) Tj ET Q q 0 0 0 rg BT 220.60 286.60 Td (fleet ) Tj ET Q q 0 0 0 rg BT 240.54 286.60 Td (of ) Tj ET Q q 0 0 0 rg BT 251.05 286.60 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 290.16 286.60 Td (we ) Tj ET Q q 0 0 0 rg BT 304.00 286.60 Td (operate ) Tj ET Q q 0 0 0 rg BT 335.60 286.60 Td (and ) Tj ET Q q 0 0 0 rg BT 352.22 286.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 389.39 286.60 Td (a ) Tj ET Q q 0 0 0 rg BT 396.01 286.60 Td (lar) Tj ET Q q 0 0 0 rg BT 406.37 286.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 417.99 286.60 Td (number ) Tj ET Q q 0 0 0 rg BT 450.72 286.60 Td (of ) Tj ET Q q 0 0 0 rg BT 461.22 286.60 Td (combustion ) Tj ET Q q 0 0 0 rg BT 510.07 286.60 Td (units, ) Tj ET Q q 0 0 0 rg BT 534.20 286.60 Td (turbine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.60 Td (generators, ) Tj ET Q q 0 0 0 rg BT 95.81 274.60 Td (and ) Tj ET Q q 0 0 0 rg BT 112.42 274.60 Td (air) Tj ET Q q 0 0 0 rg BT 122.77 274.60 Td (-cooled ) Tj ET Q q 0 0 0 rg BT 154.92 274.60 Td (condensers, ) Tj ET Q q 0 0 0 rg BT 204.02 274.60 Td (among ) Tj ET Q q 0 0 0 rg BT 233.41 274.60 Td (other ) Tj ET Q q 0 0 0 rg BT 256.13 274.60 Td (systems. ) Tj ET Q q 0 0 0 rg BT 292.46 274.60 Td (On ) Tj ET Q q 0 0 0 rg BT 306.86 274.60 Td (an ) Tj ET Q q 0 0 0 rg BT 318.46 274.60 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 353.41 274.60 Td (basis, ) Tj ET Q q 0 0 0 rg BT 378.08 274.60 Td (we ) Tj ET Q q 0 0 0 rg BT 391.91 274.60 Td (assess ) Tj ET Q q 0 0 0 rg BT 418.52 274.60 Td (the ) Tj ET Q q 0 0 0 rg BT 432.91 274.60 Td (ef) Tj ET Q q 0 0 0 rg BT 440.50 274.60 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 487.09 274.60 Td (of ) Tj ET Q q 0 0 0 rg BT 497.59 274.60 Td (our ) Tj ET Q q 0 0 0 rg BT 513.09 274.60 Td (preventative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.60 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 101.29 262.60 Td (programs, ) Tj ET Q q 0 0 0 rg BT 142.82 262.60 Td (and ) Tj ET Q q 0 0 0 rg BT 158.53 262.60 Td (implement ) Tj ET Q q 0 0 0 rg BT 202.56 262.60 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 251.59 262.60 Td (to ) Tj ET Q q 0 0 0 rg BT 260.64 262.60 Td (those ) Tj ET Q q 0 0 0 rg BT 283.01 262.60 Td (programs ) Tj ET Q q 0 0 0 rg BT 322.04 262.60 Td (in ) Tj ET Q q 0 0 0 rg BT 331.08 262.60 Td (order ) Tj ET Q q 0 0 0 rg BT 353.45 262.60 Td (to ) Tj ET Q q 0 0 0 rg BT 362.49 262.60 Td (improve ) Tj ET Q q 0 0 0 rg BT 397.08 262.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 426.66 262.60 Td (safety) Tj ET Q q 0 0 0 rg BT 449.89 262.60 Td (, ) Tj ET Q q 0 0 0 rg BT 453.65 262.60 Td (reliability ) Tj ET Q q 0 0 0 rg BT 493.79 262.60 Td (and ) Tj ET Q q 0 0 0 rg BT 509.49 262.60 Td (performance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.60 Td (These ) Tj ET Q q 0 0 0 rg BT 76.76 250.60 Td (assessments ) Tj ET Q q 0 0 0 rg BT 128.47 250.60 Td (are ) Tj ET Q q 0 0 0 rg BT 144.06 250.60 Td (tailored ) Tj ET Q q 0 0 0 rg BT 177.98 250.60 Td (to ) Tj ET Q q 0 0 0 rg BT 189.14 250.60 Td (each ) Tj ET Q q 0 0 0 rg BT 210.83 250.60 Td (facility's ) Tj ET Q q 0 0 0 rg BT 248.23 250.60 Td (particular ) Tj ET Q q 0 0 0 rg BT 289.92 250.60 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 346.34 250.60 Td (age, ) Tj ET Q q 0 0 0 rg BT 366.10 250.60 Td (historical ) Tj ET Q q 0 0 0 rg BT 406.69 250.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 460.59 250.60 Td (and ) Tj ET Q q 0 0 0 rg BT 478.41 250.60 Td (other ) Tj ET Q q 0 0 0 rg BT 502.34 250.60 Td (factors. ) Tj ET Q q 0 0 0 rg BT 534.68 250.60 Td (As ) Tj ET Q q 0 0 0 rg BT 549.17 250.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 86.49 238.60 Td (age, ) Tj ET Q q 0 0 0 rg BT 105.42 238.60 Td (we ) Tj ET Q q 0 0 0 rg BT 119.64 238.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 148.29 238.60 Td (that ) Tj ET Q q 0 0 0 rg BT 165.84 238.60 Td (the ) Tj ET Q q 0 0 0 rg BT 180.62 238.60 Td (scope ) Tj ET Q q 0 0 0 rg BT 205.94 238.60 Td (of ) Tj ET Q q 0 0 0 rg BT 216.83 238.60 Td (work ) Tj ET Q q 0 0 0 rg BT 239.94 238.60 Td (required ) Tj ET Q q 0 0 0 rg BT 275.81 238.60 Td (to ) Tj ET Q q 0 0 0 rg BT 286.15 238.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 323.70 238.60 Td (our ) Tj ET Q q 0 0 0 rg BT 339.58 238.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 377.14 238.60 Td (of ) Tj ET Q q 0 0 0 rg BT 388.03 238.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 425.01 238.60 Td (will ) Tj ET Q q 0 0 0 rg BT 443.13 238.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 478.44 238.60 Td (in ) Tj ET Q q 0 0 0 rg BT 488.77 238.60 Td (order ) Tj ET Q q 0 0 0 rg BT 512.43 238.60 Td (to ) Tj ET Q q 0 0 0 rg BT 522.77 238.60 Td (replace ) Tj ET Q q 0 0 0 rg BT 554.19 238.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.60 Td (extend ) Tj ET Q q 0 0 0 rg BT 77.70 226.60 Td (the ) Tj ET Q q 0 0 0 rg BT 91.46 226.60 Td (useful ) Tj ET Q q 0 0 0 rg BT 117.44 226.60 Td (life ) Tj ET Q q 0 0 0 rg BT 132.30 226.60 Td (of ) Tj ET Q q 0 0 0 rg BT 142.18 226.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 172.04 226.60 Td (components ) Tj ET Q q 0 0 0 rg BT 221.91 226.60 Td (and ) Tj ET Q q 0 0 0 rg BT 237.89 226.60 Td (to ) Tj ET Q q 0 0 0 rg BT 247.21 226.60 Td (ensure ) Tj ET Q q 0 0 0 rg BT 274.85 226.60 Td (that ) Tj ET Q q 0 0 0 rg BT 291.38 226.60 Td (historical ) Tj ET Q q 0 0 0 rg BT 330.14 226.60 Td (levels ) Tj ET Q q 0 0 0 rg BT 355.00 226.60 Td (of ) Tj ET Q q 0 0 0 rg BT 364.88 226.60 Td (safe, ) Tj ET Q q 0 0 0 rg BT 385.02 226.60 Td (reliable ) Tj ET Q q 0 0 0 rg BT 416.54 226.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 468.60 226.60 Td (continue. ) Tj ET Q q 0 0 0 rg BT 507.08 226.60 Td (For ) Tj ET Q q 0 0 0 rg BT 522.51 226.60 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.60 Td (information ) Tj ET Q q 0 0 0 rg BT 100.12 214.60 Td (about ) Tj ET Q q 0 0 0 rg BT 125.74 214.60 Td (such ) Tj ET Q q 0 0 0 rg BT 147.48 214.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 169.77 214.60 Td (and ) Tj ET Q q 0 0 0 rg BT 187.62 214.60 Td (damages ) Tj ET Q q 0 0 0 rg BT 226.01 214.60 Td (that ) Tj ET Q q 0 0 0 rg BT 244.41 214.60 Td (we ) Tj ET Q q 0 0 0 rg BT 259.48 214.60 Td (may ) Tj ET Q q 0 0 0 rg BT 280.10 214.60 Td (owe ) Tj ET Q q 0 0 0 rg BT 300.16 214.60 Td (for ) Tj ET Q q 0 0 0 rg BT 315.23 214.60 Td (unexcused ) Tj ET Q q 0 0 0 rg BT 360.84 214.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 402.01 214.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 455.94 214.60 Td (failures, ) Tj ET Q q 0 0 0 rg BT 491.83 214.60 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 508.01 214.60 Td (Item1A. ) Tj ET Q q 0 0 0 rg BT 545.29 214.60 Td (Risk ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 202.60 Td (Factors ) Tj ET Q q 0 0 0 rg BT 82.85 202.60 Td (- ) Tj ET Q q 0 0 0 rg BT 88.42 202.60 Td (Operation ) Tj ET Q q 0 0 0 rg BT 131.77 202.60 Td (of ) Tj ET Q q 0 0 0 rg BT 141.79 202.60 Td (our ) Tj ET Q q 0 0 0 rg BT 157.92 202.60 Td (businesses ) Tj ET Q q 0 0 0 rg BT 202.39 202.60 Td (involves ) Tj ET Q q 0 0 0 rg BT 237.39 202.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 281.85 202.60 Td (risks, ) Tj ET Q q 0 0 0 rg BT 305.49 202.60 Td (which ) Tj ET Q q 0 0 0 rg BT 331.61 202.60 Td (could ) Tj ET Q q 0 0 0 rg BT 356.07 202.60 Td (have ) Tj ET Q q 0 0 0 rg BT 377.19 202.60 Td (an ) Tj ET Q q 0 0 0 rg BT 389.43 202.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 422.77 202.60 Td (effect ) Tj ET Q q 0 0 0 rg BT 446.66 202.60 Td (on ) Tj ET Q q 0 0 0 rg BT 458.90 202.60 Td (our ) Tj ET Q q 0 0 0 rg BT 475.04 202.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 495.61 202.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 518.97 202.60 Td (and ) Tj ET Q q 0 0 0 rg BT 536.21 202.60 Td (r) Tj ET Q q 0 0 0 rg BT 539.73 202.60 Td (esults ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 190.60 Td (of ) Tj ET Q q 0 0 0 rg BT 59.27 190.60 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.55 190.60 Td (In ) Tj ET Q q 0 0 0 rg BT 116.87 190.60 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 163.31 190.60 Td (and ) Tj ET Q q 0 0 0 rg BT 179.74 190.60 Td (assessing ) Tj ET Q q 0 0 0 rg BT 218.96 190.60 Td (the ) Tj ET Q q 0 0 0 rg BT 233.17 190.60 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 267.94 190.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 307.70 190.60 Td (and ) Tj ET Q q 0 0 0 rg BT 324.13 190.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 361.11 190.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 413.63 190.60 Td (of ) Tj ET Q q 0 0 0 rg BT 423.95 190.60 Td (our ) Tj ET Q q 0 0 0 rg BT 439.28 190.60 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 485.99 190.60 Td (we ) Tj ET Q q 0 0 0 rg BT 499.65 190.60 Td (focus ) Tj ET Q q 0 0 0 rg BT 523.30 190.60 Td (on ) Tj ET Q q 0 0 0 rg BT 535.30 190.60 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.60 Td (key ) Tj ET Q q 0 0 0 rg BT 68.00 178.60 Td (factors: ) Tj ET Q q 0 0 0 rg BT 102.05 178.60 Td (tons ) Tj ET Q q 0 0 0 rg BT 122.79 178.60 Td (of ) Tj ET Q q 0 0 0 rg BT 135.18 178.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 162.01 178.60 Td (processed, ) Tj ET Q q 0 0 0 rg BT 208.00 178.60 Td (electricity ) Tj ET Q q 0 0 0 rg BT 252.04 178.60 Td (and ) Tj ET Q q 0 0 0 rg BT 270.55 178.60 Td (steam ) Tj ET Q q 0 0 0 rg BT 297.94 178.60 Td (sold, ) Tj ET Q q 0 0 0 rg BT 321.17 178.60 Td (boiler ) Tj ET Q q 0 0 0 rg BT 348.56 178.60 Td (availability) Tj ET Q q 0 0 0 rg BT 392.90 178.60 Td (, ) Tj ET Q q 0 0 0 rg BT 399.46 178.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 423.52 178.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 465.35 178.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 501.62 178.60 Td (and ) Tj ET Q q 0 0 0 rg BT 520.12 178.60 Td (safety ) Tj ET Q q 0 0 0 rg BT 548.06 178.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 109.76 166.60 Td (performance.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 58.50 148.60 Td (W) Tj ET Q q 0 0 0 rg BT 66.65 148.60 Td (aste, ) Tj ET Q q 0 0 0 rg BT 87.31 148.60 Td (Energy ) Tj ET Q q 0 0 0 rg BT 119.37 148.60 Td (and ) Tj ET Q q 0 0 0 rg BT 136.98 148.60 Td (Metals ) Tj ET Q q 0 0 0 rg BT 166.82 148.60 Td (Markets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.71 148.60 Td ( ) Tj ET Q q 0 0 0 rg BT 202.76 148.60 Td (- ) Tj ET Q q 0 0 0 rg BT 208.00 148.60 Td (W) Tj ET Q q 0 0 0 rg BT 216.64 148.60 Td (e ) Tj ET Q q 0 0 0 rg BT 223.13 148.60 Td (compete ) Tj ET Q q 0 0 0 rg BT 259.06 148.60 Td (in ) Tj ET Q q 0 0 0 rg BT 268.89 148.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 293.71 148.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 327.42 148.60 Td (that ) Tj ET Q q 0 0 0 rg BT 344.47 148.60 Td (are ) Tj ET Q q 0 0 0 rg BT 358.73 148.60 Td (highly ) Tj ET Q q 0 0 0 rg BT 386.35 148.60 Td (competitive. ) Tj ET Q q 0 0 0 rg BT 438.11 148.60 Td (In ) Tj ET Q q 0 0 0 rg BT 448.49 148.60 Td (the ) Tj ET Q q 0 0 0 rg BT 462.76 148.60 Td (United ) Tj ET Q q 0 0 0 rg BT 492.03 148.60 Td (States, ) Tj ET Q q 0 0 0 rg BT 520.48 148.60 Td (the ) Tj ET Q q 0 0 0 rg BT 534.75 148.60 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 136.60 Td (for ) Tj ET Q q 0 0 0 rg BT 63.06 136.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 87.74 136.60 Td (management ) Tj ET Q q 0 0 0 rg BT 140.73 136.60 Td (is ) Tj ET Q q 0 0 0 rg BT 149.30 136.60 Td (almost ) Tj ET Q q 0 0 0 rg BT 177.87 136.60 Td (entirely ) Tj ET Q q 0 0 0 rg BT 210.31 136.60 Td (price-driven ) Tj ET Q q 0 0 0 rg BT 261.08 136.60 Td (and ) Tj ET Q q 0 0 0 rg BT 277.42 136.60 Td (is ) Tj ET Q q 0 0 0 rg BT 286.00 136.60 Td (greatly ) Tj ET Q q 0 0 0 rg BT 315.66 136.60 Td (influenced ) Tj ET Q q 0 0 0 rg BT 359.77 136.60 Td (by ) Tj ET Q q 0 0 0 rg BT 371.67 136.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 412.45 136.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 441.56 136.60 Td (within ) Tj ET Q q 0 0 0 rg BT 469.02 136.60 Td (regional ) Tj ET Q q 0 0 0 rg BT 503.68 136.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 528.36 136.60 Td (markets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 124.60 Td (These ) Tj ET Q q 0 0 0 rg BT 75.88 124.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 105.58 124.60 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 106.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 106.60 Td (regional ) Tj ET Q q 0 0 0 rg BT 102.76 106.60 Td (population ) Tj ET Q q 0 0 0 rg BT 148.04 106.60 Td (and ) Tj ET Q q 0 0 0 rg BT 164.98 106.60 Td (overall ) Tj ET Q q 0 0 0 rg BT 195.24 106.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 220.51 106.60 Td (production ) Tj ET Q q 0 0 0 rg BT 266.33 106.60 Td (rates;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 88.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 88.60 Td (the ) Tj ET Q q 0 0 0 rg BT 82.37 88.60 Td (number ) Tj ET Q q 0 0 0 rg BT 115.56 88.60 Td (of ) Tj ET Q q 0 0 0 rg BT 126.54 88.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 151.96 88.60 Td (disposal ) Tj ET Q q 0 0 0 rg BT 187.39 88.60 Td (sites ) Tj ET Q q 0 0 0 rg BT 207.82 88.60 Td (\(including ) Tj ET Q q 0 0 0 rg BT 251.58 88.60 Td (principally ) Tj ET Q q 0 0 0 rg BT 297.55 88.60 Td (landfills, ) Tj ET Q q 0 0 0 rg BT 335.47 88.60 Td (other ) Tj ET Q q 0 0 0 rg BT 358.67 88.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 377.36 88.60 Td ( ) Tj ET Q q 0 0 0 rg BT 380.01 88.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 417.09 88.60 Td (and ) Tj ET Q q 0 0 0 rg BT 434.18 88.60 Td (transfer ) Tj ET Q q 0 0 0 rg BT 467.37 88.60 Td (stations\) ) Tj ET Q q 0 0 0 rg BT 503.91 88.60 Td (in ) Tj ET Q q 0 0 0 rg BT 514.33 88.60 Td (existence ) Tj ET Q q 0 0 0 rg BT 554.19 88.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 76.60 Td (in ) Tj ET Q q 0 0 0 rg BT 77.78 76.60 Td (the ) Tj ET Q q 0 0 0 rg BT 92.50 76.60 Td (planning ) Tj ET Q q 0 0 0 rg BT 129.99 76.60 Td (or ) Tj ET Q q 0 0 0 rg BT 140.82 76.60 Td (permitting ) Tj ET Q q 0 0 0 rg BT 184.98 76.60 Td (process;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 58.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 58.60 Td (the ) Tj ET Q q 0 0 0 rg BT 82.22 58.60 Td (available ) Tj ET Q q 0 0 0 rg BT 120.81 58.60 Td (disposal ) Tj ET Q q 0 0 0 rg BT 156.08 58.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 191.89 58.60 Td (\(in ) Tj ET Q q 0 0 0 rg BT 205.50 58.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 230.22 58.60 Td (of ) Tj ET Q q 0 0 0 rg BT 241.05 58.60 Td (tons ) Tj ET Q q 0 0 0 rg BT 260.22 58.60 Td (of ) Tj ET Q q 0 0 0 rg BT 271.05 58.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 296.32 58.60 Td (per ) Tj ET Q q 0 0 0 rg BT 311.59 58.60 Td (day\) ) Tj ET Q q 0 0 0 rg BT 331.86 58.60 Td (that ) Tj ET Q q 0 0 0 rg BT 349.35 58.60 Td (can ) Tj ET Q q 0 0 0 rg BT 365.73 58.60 Td (be ) Tj ET Q q 0 0 0 rg BT 377.67 58.60 Td (of) Tj ET Q q 0 0 0 rg BT 385.82 58.60 Td (fered ) Tj ET Q q 0 0 0 rg BT 408.85 58.60 Td (by ) Tj ET Q q 0 0 0 rg BT 421.35 58.60 Td (other ) Tj ET Q q 0 0 0 rg BT 444.40 58.60 Td (regional ) Tj ET Q q 0 0 0 rg BT 479.66 58.60 Td (disposal ) Tj ET Q q 0 0 0 rg BT 514.94 58.60 Td (sites;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 40.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 40.60 Td (the ) Tj ET Q q 0 0 0 rg BT 82.22 40.60 Td (extent ) Tj ET Q q 0 0 0 rg BT 109.15 40.60 Td (to ) Tj ET Q q 0 0 0 rg BT 119.43 40.60 Td (which ) Tj ET Q q 0 0 0 rg BT 146.37 40.60 Td (local ) Tj ET Q q 0 0 0 rg BT 168.30 40.60 Td (governments ) Tj ET Q q 0 0 0 rg BT 222.46 40.60 Td (seek ) Tj ET Q q 0 0 0 rg BT 242.72 40.60 Td (to ) Tj ET Q q 0 0 0 rg BT 253.00 40.60 Td (control ) Tj ET Q q 0 0 0 rg BT 283.83 40.60 Td (transportation ) Tj ET Q q 0 0 0 rg BT 341.87 40.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 369.92 40.60 Td (disposal ) Tj ET Q q 0 0 0 rg BT 405.20 40.60 Td (of ) Tj ET Q q 0 0 0 rg BT 416.03 40.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 441.29 40.60 Td (within ) Tj ET Q q 0 0 0 rg BT 469.35 40.60 Td (their ) Tj ET Q q 0 0 0 rg BT 490.18 40.60 Td (jurisdictions;) Tj ET Q endstream endobj 29 0 obj <>] /Rotate 0 /Contents 30 0 R>> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 744.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 744.60 Td (the ) Tj ET Q q 0 0 0 rg BT 82.22 744.60 Td (extent ) Tj ET Q q 0 0 0 rg BT 109.15 744.60 Td (to ) Tj ET Q q 0 0 0 rg BT 119.43 744.60 Td (which ) Tj ET Q q 0 0 0 rg BT 146.37 744.60 Td (local ) Tj ET Q q 0 0 0 rg BT 168.30 744.60 Td (governments ) Tj ET Q q 0 0 0 rg BT 222.46 744.60 Td (and ) Tj ET Q q 0 0 0 rg BT 239.39 744.60 Td (businesses ) Tj ET Q q 0 0 0 rg BT 284.12 744.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 321.05 744.60 Td (to ) Tj ET Q q 0 0 0 rg BT 331.33 744.60 Td (value ) Tj ET Q q 0 0 0 rg BT 355.48 744.60 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 402.42 744.60 Td (approaches ) Tj ET Q q 0 0 0 rg BT 449.89 744.60 Td (to ) Tj ET Q q 0 0 0 rg BT 460.17 744.60 Td (handling ) Tj ET Q q 0 0 0 rg BT 497.67 744.60 Td (of ) Tj ET Q q 0 0 0 rg BT 508.50 744.60 Td (wastes; ) Tj ET Q q 0 0 0 rg BT 540.43 744.60 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 726.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 82.11 726.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 129.48 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 146.31 726.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 164.81 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 175.52 726.60 Td (transportation ) Tj ET Q q 0 0 0 rg BT 233.46 726.60 Td (options ) Tj ET Q q 0 0 0 rg BT 265.29 726.60 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 287.95 726.60 Td (rail, ) Tj ET Q q 0 0 0 rg BT 306.17 726.60 Td (inter) Tj ET Q q 0 0 0 rg BT 324.29 726.60 Td (-modal, ) Tj ET Q q 0 0 0 rg BT 357.50 726.60 Td (trucking\) ) Tj ET Q q 0 0 0 rg BT 396.55 726.60 Td (to ) Tj ET Q q 0 0 0 rg BT 406.72 726.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 439.65 726.60 Td (access ) Tj ET Q q 0 0 0 rg BT 467.58 726.60 Td (to ) Tj ET Q q 0 0 0 rg BT 477.75 726.60 Td (more ) Tj ET Q q 0 0 0 rg BT 500.68 726.60 Td (distant ) Tj ET Q q 0 0 0 rg BT 529.74 726.60 Td (disposal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 714.60 Td (sites, ) Tj ET Q q 0 0 0 rg BT 90.28 714.60 Td (thereby ) Tj ET Q q 0 0 0 rg BT 122.76 714.60 Td (af) Tj ET Q q 0 0 0 rg BT 130.35 714.60 Td (fecting ) Tj ET Q q 0 0 0 rg BT 160.62 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 175.33 714.60 Td (size ) Tj ET Q q 0 0 0 rg BT 193.38 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 204.21 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 218.93 714.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 244.19 714.60 Td (market ) Tj ET Q q 0 0 0 rg BT 274.46 714.60 Td (itself.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 696.60 Td (In ) Tj ET Q q 0 0 0 rg BT 69.27 696.60 Td (the ) Tj ET Q q 0 0 0 rg BT 83.93 696.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 109.15 696.60 Td (market ) Tj ET Q q 0 0 0 rg BT 139.35 696.60 Td (of ) Tj ET Q q 0 0 0 rg BT 150.13 696.60 Td (our ) Tj ET Q q 0 0 0 rg BT 165.90 696.60 Td (North ) Tj ET Q q 0 0 0 rg BT 191.14 696.60 Td (America ) Tj ET Q q 0 0 0 rg BT 228.00 696.60 Td (segment, ) Tj ET Q q 0 0 0 rg BT 266.27 696.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 291.49 696.60 Td (service ) Tj ET Q q 0 0 0 rg BT 322.25 696.60 Td (providers ) Tj ET Q q 0 0 0 rg BT 362.46 696.60 Td (seek ) Tj ET Q q 0 0 0 rg BT 382.67 696.60 Td (to ) Tj ET Q q 0 0 0 rg BT 392.89 696.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 420.33 696.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 445.54 696.60 Td (supplies ) Tj ET Q q 0 0 0 rg BT 480.77 696.60 Td (for ) Tj ET Q q 0 0 0 rg BT 494.87 696.60 Td (their ) Tj ET Q q 0 0 0 rg BT 515.64 696.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 552.51 696.60 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 684.60 Td (competing ) Tj ET Q q 0 0 0 rg BT 93.94 684.60 Td (on ) Tj ET Q q 0 0 0 rg BT 106.17 684.60 Td (price ) Tj ET Q q 0 0 0 rg BT 128.39 684.60 Td (\(usually ) Tj ET Q q 0 0 0 rg BT 162.84 684.60 Td (on ) Tj ET Q q 0 0 0 rg BT 175.07 684.60 Td (a ) Tj ET Q q 0 0 0 rg BT 181.74 684.60 Td (per) Tj ET Q q 0 0 0 rg BT 194.30 684.60 Td (-ton ) Tj ET Q q 0 0 0 rg BT 212.64 684.60 Td (basis\) ) Tj ET Q q 0 0 0 rg BT 238.20 684.60 Td (with ) Tj ET Q q 0 0 0 rg BT 258.21 684.60 Td (other ) Tj ET Q q 0 0 0 rg BT 280.99 684.60 Td (service ) Tj ET Q q 0 0 0 rg BT 311.54 684.60 Td (providers. ) Tj ET Q q 0 0 0 rg BT 353.54 684.60 Td (At ) Tj ET Q q 0 0 0 rg BT 365.77 684.60 Td (our ) Tj ET Q q 0 0 0 rg BT 381.33 684.60 Td (service ) Tj ET Q q 0 0 0 rg BT 411.88 684.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 426.32 684.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 445.01 684.60 Td ( ) Tj ET Q q 0 0 0 rg BT 447.24 684.60 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 486.40 684.60 Td (we ) Tj ET Q q 0 0 0 rg BT 500.29 684.60 Td (typically ) Tj ET Q q 0 0 0 rg BT 537.51 684.60 Td (do ) Tj ET Q q 0 0 0 rg BT 549.74 684.60 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 672.60 Td (compete ) Tj ET Q q 0 0 0 rg BT 87.02 672.60 Td (in ) Tj ET Q q 0 0 0 rg BT 98.44 672.60 Td (this ) Tj ET Q q 0 0 0 rg BT 116.53 672.60 Td (market ) Tj ET Q q 0 0 0 rg BT 147.94 672.60 Td (because ) Tj ET Q q 0 0 0 rg BT 183.23 672.60 Td (we ) Tj ET Q q 0 0 0 rg BT 198.53 672.60 Td (do ) Tj ET Q q 0 0 0 rg BT 212.18 672.60 Td (not ) Tj ET Q q 0 0 0 rg BT 228.60 672.60 Td (have ) Tj ET Q q 0 0 0 rg BT 251.12 672.60 Td (the ) Tj ET Q q 0 0 0 rg BT 266.98 672.60 Td (contractual ) Tj ET Q q 0 0 0 rg BT 315.04 672.60 Td (right ) Tj ET Q q 0 0 0 rg BT 337.57 672.60 Td (to ) Tj ET Q q 0 0 0 rg BT 349.00 672.60 Td (solicit ) Tj ET Q q 0 0 0 rg BT 377.08 672.60 Td (merchant ) Tj ET Q q 0 0 0 rg BT 417.93 672.60 Td (waste. ) Tj ET Q q 0 0 0 rg BT 446.04 672.60 Td (At ) Tj ET Q q 0 0 0 rg BT 459.68 672.60 Td (these ) Tj ET Q q 0 0 0 rg BT 483.87 672.60 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 524.45 672.60 Td (the ) Tj ET Q q 0 0 0 rg BT 540.31 672.60 Td (client ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 660.60 Td (community ) Tj ET Q q 0 0 0 rg BT 96.83 660.60 Td (is ) Tj ET Q q 0 0 0 rg BT 105.27 660.60 Td (responsible ) Tj ET Q q 0 0 0 rg BT 152.60 660.60 Td (for ) Tj ET Q q 0 0 0 rg BT 166.03 660.60 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 205.58 660.60 Td (the ) Tj ET Q q 0 0 0 rg BT 219.58 660.60 Td (waste, ) Tj ET Q q 0 0 0 rg BT 246.62 660.60 Td (if ) Tj ET Q q 0 0 0 rg BT 254.51 660.60 Td (necessary ) Tj ET Q q 0 0 0 rg BT 295.15 660.60 Td (by ) Tj ET Q q 0 0 0 rg BT 306.93 660.60 Td (competing ) Tj ET Q q 0 0 0 rg BT 350.92 660.60 Td (on ) Tj ET Q q 0 0 0 rg BT 362.69 660.60 Td (price ) Tj ET Q q 0 0 0 rg BT 384.45 660.60 Td (to ) Tj ET Q q 0 0 0 rg BT 394.01 660.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 420.78 660.60 Td (the ) Tj ET Q q 0 0 0 rg BT 434.77 660.60 Td (tons ) Tj ET Q q 0 0 0 rg BT 453.22 660.60 Td (of ) Tj ET Q q 0 0 0 rg BT 463.33 660.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 487.87 660.60 Td (it ) Tj ET Q q 0 0 0 rg BT 495.20 660.60 Td (has ) Tj ET Q q 0 0 0 rg BT 510.31 660.60 Td (contractually ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 648.60 Td (promised ) Tj ET Q q 0 0 0 rg BT 89.19 648.60 Td (to ) Tj ET Q q 0 0 0 rg BT 99.44 648.60 Td (deliver ) Tj ET Q q 0 0 0 rg BT 129.68 648.60 Td (to ) Tj ET Q q 0 0 0 rg BT 139.93 648.60 Td (us. ) Tj ET Q q 0 0 0 rg BT 153.24 648.60 Td (At ) Tj ET Q q 0 0 0 rg BT 165.72 648.60 Td (our ) Tj ET Q q 0 0 0 rg BT 181.52 648.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 200.21 648.60 Td ( ) Tj ET Q q 0 0 0 rg BT 202.69 648.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 239.59 648.60 Td (governed ) Tj ET Q q 0 0 0 rg BT 279.27 648.60 Td (by ) Tj ET Q q 0 0 0 rg BT 291.74 648.60 Td (tip ) Tj ET Q q 0 0 0 rg BT 304.77 648.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 319.45 648.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 358.01 648.60 Td (and ) Tj ET Q q 0 0 0 rg BT 374.92 648.60 Td (our ) Tj ET Q q 0 0 0 rg BT 390.73 648.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 415.97 648.60 Td (procurement ) Tj ET Q q 0 0 0 rg BT 468.97 648.60 Td (services ) Tj ET Q q 0 0 0 rg BT 503.65 648.60 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 550.84 648.60 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 636.60 Td (are ) Tj ET Q q 0 0 0 rg BT 63.91 636.60 Td (responsible ) Tj ET Q q 0 0 0 rg BT 111.66 636.60 Td (for ) Tj ET Q q 0 0 0 rg BT 125.52 636.60 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 165.50 636.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 190.47 636.60 Td (supply) Tj ET Q q 0 0 0 rg BT 216.49 636.60 Td (, ) Tj ET Q q 0 0 0 rg BT 221.20 636.60 Td (and ) Tj ET Q q 0 0 0 rg BT 237.84 636.60 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 278.63 636.60 Td (actively ) Tj ET Q q 0 0 0 rg BT 312.48 636.60 Td (compete ) Tj ET Q q 0 0 0 rg BT 348.56 636.60 Td (in ) Tj ET Q q 0 0 0 rg BT 358.54 636.60 Td (these ) Tj ET Q q 0 0 0 rg BT 381.29 636.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 415.15 636.60 Td (to ) Tj ET Q q 0 0 0 rg BT 425.13 636.60 Td (enter ) Tj ET Q q 0 0 0 rg BT 447.32 636.60 Td (into ) Tj ET Q q 0 0 0 rg BT 465.08 636.60 Td (spot, ) Tj ET Q q 0 0 0 rg BT 486.45 636.60 Td (medium- ) Tj ET Q q 0 0 0 rg BT 524.76 636.60 Td (and ) Tj ET Q q 0 0 0 rg BT 541.40 636.60 Td (long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 624.60 Td (term ) Tj ET Q q 0 0 0 rg BT 69.91 624.60 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 110.43 624.60 Td (These ) Tj ET Q q 0 0 0 rg BT 136.39 624.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 155.09 624.60 Td ( ) Tj ET Q q 0 0 0 rg BT 157.17 624.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 190.90 624.60 Td (are ) Tj ET Q q 0 0 0 rg BT 205.19 624.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 244.48 624.60 Td (in ) Tj ET Q q 0 0 0 rg BT 254.34 624.60 Td (densely-populated ) Tj ET Q q 0 0 0 rg BT 329.73 624.60 Td (areas, ) Tj ET Q q 0 0 0 rg BT 354.85 624.60 Td (with ) Tj ET Q q 0 0 0 rg BT 374.71 624.60 Td (high ) Tj ET Q q 0 0 0 rg BT 394.57 624.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 419.42 624.60 Td (generation ) Tj ET Q q 0 0 0 rg BT 463.70 624.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 484.66 624.60 Td (and ) Tj ET Q q 0 0 0 rg BT 501.18 624.60 Td (numerous ) Tj ET Q q 0 0 0 rg BT 542.70 624.60 Td (lar) Tj ET Q q 0 0 0 rg BT 553.07 624.60 Td (ge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 612.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.10 612.60 Td (small ) Tj ET Q q 0 0 0 rg BT 89.93 612.60 Td (participants ) Tj ET Q q 0 0 0 rg BT 138.74 612.60 Td (in ) Tj ET Q q 0 0 0 rg BT 148.68 612.60 Td (the ) Tj ET Q q 0 0 0 rg BT 163.06 612.60 Td (regional ) Tj ET Q q 0 0 0 rg BT 197.99 612.60 Td (market. ) Tj ET Q q 0 0 0 rg BT 230.41 612.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 248.13 612.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 273.06 612.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 316.87 612.60 Td (are ) Tj ET Q q 0 0 0 rg BT 331.24 612.60 Td (lar) Tj ET Q q 0 0 0 rg BT 341.61 612.60 Td (gely ) Tj ET Q q 0 0 0 rg BT 360.99 612.60 Td (concentrated ) Tj ET Q q 0 0 0 rg BT 414.23 612.60 Td (in ) Tj ET Q q 0 0 0 rg BT 424.17 612.60 Td (the ) Tj ET Q q 0 0 0 rg BT 438.55 612.60 Td (northeastern ) Tj ET Q q 0 0 0 rg BT 490.13 612.60 Td (United ) Tj ET Q q 0 0 0 rg BT 519.51 612.60 Td (States. ) Tj ET Q q 0 0 0 rg BT 548.06 612.60 Td (See ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 600.60 Td (Item1A. ) Tj ET Q q 0 0 0 rg BT 86.56 600.60 Td (Risk ) Tj ET Q q 0 0 0 rg BT 106.96 600.60 Td (Factors ) Tj ET Q q 0 0 0 rg BT 152.64 600.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 171.93 600.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 197.89 600.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 243.85 600.60 Td (ar) Tj ET Q q 0 0 0 rg BT 252.37 600.60 Td (e ) Tj ET Q q 0 0 0 rg BT 259.99 600.60 Td (concentrated ) Tj ET Q q 0 0 0 rg BT 315.37 600.60 Td (in ) Tj ET Q q 0 0 0 rg BT 326.33 600.60 Td (one ) Tj ET Q q 0 0 0 rg BT 343.95 600.60 Td (r) Tj ET Q q 0 0 0 rg BT 347.47 600.60 Td (egion ) Tj ET Q q 0 0 0 rg BT 372.87 600.60 Td (and ) Tj ET Q q 0 0 0 rg BT 391.05 600.60 Td (expose ) Tj ET Q q 0 0 0 rg BT 421.44 600.60 Td (us ) Tj ET Q q 0 0 0 rg BT 433.51 600.60 Td (to ) Tj ET Q q 0 0 0 rg BT 444.47 600.60 Td (r) Tj ET Q q 0 0 0 rg BT 447.99 600.60 Td (egional ) Tj ET Q q 0 0 0 rg BT 481.17 600.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 522.67 600.60 Td (or ) Tj ET Q q 0 0 0 rg BT 534.74 600.60 Td (market ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 588.60 Td (declines) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.26 588.60 Td ( ) Tj ET Q q 0 0 0 rg BT 85.64 588.60 Td (for ) Tj ET Q q 0 0 0 rg BT 100.68 588.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 144.05 588.60 Td (information ) Tj ET Q q 0 0 0 rg BT 194.64 588.60 Td (concerning ) Tj ET Q q 0 0 0 rg BT 242.44 588.60 Td (this ) Tj ET Q q 0 0 0 rg BT 260.27 588.60 Td (geographic ) Tj ET Q q 0 0 0 rg BT 308.07 588.60 Td (concentration. ) Tj ET Q q 0 0 0 rg BT 368.36 588.60 Td (Certain ) Tj ET Q q 0 0 0 rg BT 401.18 588.60 Td (of ) Tj ET Q q 0 0 0 rg BT 412.88 588.60 Td (our ) Tj ET Q q 0 0 0 rg BT 429.59 588.60 Td (competitors ) Tj ET Q q 0 0 0 rg BT 480.18 588.60 Td (in ) Tj ET Q q 0 0 0 rg BT 491.34 588.60 Td (these ) Tj ET Q q 0 0 0 rg BT 515.26 588.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 550.30 588.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 576.60 Td (vertically-integrated ) Tj ET Q q 0 0 0 rg BT 132.99 576.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 158.18 576.60 Td (companies, ) Tj ET Q q 0 0 0 rg BT 205.86 576.60 Td (which ) Tj ET Q q 0 0 0 rg BT 232.72 576.60 Td (include ) Tj ET Q q 0 0 0 rg BT 264.57 576.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 289.76 576.60 Td (collection ) Tj ET Q q 0 0 0 rg BT 331.61 576.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 378.18 576.60 Td (and ) Tj ET Q q 0 0 0 rg BT 395.04 576.60 Td (thus ) Tj ET Q q 0 0 0 rg BT 414.13 576.60 Td (have ) Tj ET Q q 0 0 0 rg BT 435.43 576.60 Td (the ) Tj ET Q q 0 0 0 rg BT 450.06 576.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 478.03 576.60 Td (to ) Tj ET Q q 0 0 0 rg BT 488.23 576.60 Td (control ) Tj ET Q q 0 0 0 rg BT 518.98 576.60 Td (supplies ) Tj ET Q q 0 0 0 rg BT 554.17 576.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 564.60 Td (waste, ) Tj ET Q q 0 0 0 rg BT 76.67 564.60 Td (which ) Tj ET Q q 0 0 0 rg BT 103.01 564.60 Td (may ) Tj ET Q q 0 0 0 rg BT 122.13 564.60 Td (restrict ) Tj ET Q q 0 0 0 rg BT 151.79 564.60 Td (our ) Tj ET Q q 0 0 0 rg BT 167.03 564.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 194.48 564.60 Td (to ) Tj ET Q q 0 0 0 rg BT 204.16 564.60 Td (of) Tj ET Q q 0 0 0 rg BT 212.31 564.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 225.31 564.60 Td (services ) Tj ET Q q 0 0 0 rg BT 259.42 564.60 Td (at ) Tj ET Q q 0 0 0 rg BT 268.54 564.60 Td (attractive ) Tj ET Q q 0 0 0 rg BT 307.64 564.60 Td (prices. ) Tj ET Q q 0 0 0 rg BT 335.92 564.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 353.37 564.60 Td (business ) Tj ET Q q 0 0 0 rg BT 389.16 564.60 Td (does ) Tj ET Q q 0 0 0 rg BT 409.40 564.60 Td (not ) Tj ET Q q 0 0 0 rg BT 424.08 564.60 Td (include ) Tj ET Q q 0 0 0 rg BT 455.41 564.60 Td (traditional ) Tj ET Q q 0 0 0 rg BT 498.41 564.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 523.08 564.60 Td (collection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 552.60 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 534.60 Td (If ) Tj ET Q q 0 0 0 rg BT 67.62 534.60 Td (a ) Tj ET Q q 0 0 0 rg BT 74.53 534.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 116.42 534.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 151.09 534.60 Td (expires ) Tj ET Q q 0 0 0 rg BT 182.43 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 199.33 534.60 Td (is ) Tj ET Q q 0 0 0 rg BT 208.46 534.60 Td (not ) Tj ET Q q 0 0 0 rg BT 223.71 534.60 Td (renewed ) Tj ET Q q 0 0 0 rg BT 260.04 534.60 Td (or ) Tj ET Q q 0 0 0 rg BT 270.83 534.60 Td (extended ) Tj ET Q q 0 0 0 rg BT 309.39 534.60 Td (by ) Tj ET Q q 0 0 0 rg BT 321.85 534.60 Td (a ) Tj ET Q q 0 0 0 rg BT 328.75 534.60 Td (client ) Tj ET Q q 0 0 0 rg BT 353.43 534.60 Td (community) Tj ET Q q 0 0 0 rg BT 398.33 534.60 Td (, ) Tj ET Q q 0 0 0 rg BT 403.29 534.60 Td (our ) Tj ET Q q 0 0 0 rg BT 419.09 534.60 Td (percentage ) Tj ET Q q 0 0 0 rg BT 464.85 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 475.64 534.60 Td (contracted ) Tj ET Q q 0 0 0 rg BT 519.75 534.60 Td (processing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 85.70 522.60 Td (will ) Tj ET Q q 0 0 0 rg BT 104.14 522.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 141.44 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 158.76 522.60 Td (we ) Tj ET Q q 0 0 0 rg BT 173.30 522.60 Td (will ) Tj ET Q q 0 0 0 rg BT 191.75 522.60 Td (need ) Tj ET Q q 0 0 0 rg BT 213.51 522.60 Td (to ) Tj ET Q q 0 0 0 rg BT 224.17 522.60 Td (compete ) Tj ET Q q 0 0 0 rg BT 260.93 522.60 Td (in ) Tj ET Q q 0 0 0 rg BT 271.59 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 286.69 522.60 Td (regional ) Tj ET Q q 0 0 0 rg BT 322.34 522.60 Td (market ) Tj ET Q q 0 0 0 rg BT 352.99 522.60 Td (for ) Tj ET Q q 0 0 0 rg BT 367.53 522.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 393.19 522.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 422.74 522.60 Td (at ) Tj ET Q q 0 0 0 rg BT 432.84 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 447.94 522.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 485.26 522.60 Td (we ) Tj ET Q q 0 0 0 rg BT 499.80 522.60 Td (own, ) Tj ET Q q 0 0 0 rg BT 522.41 522.60 Td (from ) Tj ET Q q 0 0 0 rg BT 544.73 522.60 Td (both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (municipal ) Tj ET Q q 0 0 0 rg BT 92.15 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 109.24 510.60 Td (commercial ) Tj ET Q q 0 0 0 rg BT 159.09 510.60 Td (services. ) Tj ET Q q 0 0 0 rg BT 195.87 510.60 Td (At ) Tj ET Q q 0 0 0 rg BT 208.53 510.60 Td (that ) Tj ET Q q 0 0 0 rg BT 226.18 510.60 Td (point, ) Tj ET Q q 0 0 0 rg BT 251.89 510.60 Td (we ) Tj ET Q q 0 0 0 rg BT 266.21 510.60 Td (will ) Tj ET Q q 0 0 0 rg BT 284.42 510.60 Td (compete ) Tj ET Q q 0 0 0 rg BT 320.95 510.60 Td (on ) Tj ET Q q 0 0 0 rg BT 333.61 510.60 Td (price ) Tj ET Q q 0 0 0 rg BT 356.25 510.60 Td (with ) Tj ET Q q 0 0 0 rg BT 376.68 510.60 Td (landfills, ) Tj ET Q q 0 0 0 rg BT 414.61 510.60 Td (transfer ) Tj ET Q q 0 0 0 rg BT 447.81 510.60 Td (stations, ) Tj ET Q q 0 0 0 rg BT 483.52 510.60 Td (other ) Tj ET Q q 0 0 0 rg BT 506.72 510.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 525.42 510.60 Td ( ) Tj ET Q q 0 0 0 rg BT 528.07 510.60 Td (facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 498.60 Td (other ) Tj ET Q q 0 0 0 rg BT 89.49 498.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 114.75 498.60 Td (technologies ) Tj ET Q q 0 0 0 rg BT 167.80 498.60 Td (that ) Tj ET Q q 0 0 0 rg BT 185.29 498.60 Td (are ) Tj ET Q q 0 0 0 rg BT 200.00 498.60 Td (then ) Tj ET Q q 0 0 0 rg BT 219.71 498.60 Td (of) Tj ET Q q 0 0 0 rg BT 227.86 498.60 Td (fering ) Tj ET Q q 0 0 0 rg BT 254.24 498.60 Td (disposal ) Tj ET Q q 0 0 0 rg BT 289.52 498.60 Td (or ) Tj ET Q q 0 0 0 rg BT 300.35 498.60 Td (other ) Tj ET Q q 0 0 0 rg BT 323.40 498.60 Td (services ) Tj ET Q q 0 0 0 rg BT 358.10 498.60 Td (in ) Tj ET Q q 0 0 0 rg BT 368.38 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 383.10 498.60 Td (region. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 480.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 76.31 480.60 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 122.99 480.60 Td (service ) Tj ET Q q 0 0 0 rg BT 153.56 480.60 Td (of) Tj ET Q q 0 0 0 rg BT 161.71 480.60 Td (ferings ) Tj ET Q q 0 0 0 rg BT 191.73 480.60 Td (seek ) Tj ET Q q 0 0 0 rg BT 211.75 480.60 Td (to ) Tj ET Q q 0 0 0 rg BT 221.79 480.60 Td (respond ) Tj ET Q q 0 0 0 rg BT 255.70 480.60 Td (to ) Tj ET Q q 0 0 0 rg BT 265.73 480.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 309.08 480.60 Td (customer ) Tj ET Q q 0 0 0 rg BT 347.99 480.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 381.90 480.60 Td (for ) Tj ET Q q 0 0 0 rg BT 395.81 480.60 Td (environmentally ) Tj ET Q q 0 0 0 rg BT 463.60 480.60 Td (preferred ) Tj ET Q q 0 0 0 rg BT 502.49 480.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 527.51 480.60 Td (handling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 468.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.47 468.60 Td (disposal, ) Tj ET Q q 0 0 0 rg BT 104.29 468.60 Td (as ) Tj ET Q q 0 0 0 rg BT 115.15 468.60 Td (well ) Tj ET Q q 0 0 0 rg BT 134.91 468.60 Td (as ) Tj ET Q q 0 0 0 rg BT 145.77 468.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 179.40 468.60 Td (business ) Tj ET Q q 0 0 0 rg BT 215.83 468.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 233.36 468.60 Td (mitigation ) Tj ET Q q 0 0 0 rg BT 277.01 468.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 331.75 468.60 Td (for ) Tj ET Q q 0 0 0 rg BT 345.94 468.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 375.68 468.60 Td (materials. ) Tj ET Q q 0 0 0 rg BT 417.37 468.60 Td (For ) Tj ET Q q 0 0 0 rg BT 433.79 468.60 Td (these ) Tj ET Q q 0 0 0 rg BT 456.88 468.60 Td (services, ) Tj ET Q q 0 0 0 rg BT 494.12 468.60 Td (we ) Tj ET Q q 0 0 0 rg BT 508.31 468.60 Td (compete ) Tj ET Q q 0 0 0 rg BT 544.72 468.60 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 456.60 Td (many ) Tj ET Q q 0 0 0 rg BT 74.29 456.60 Td (lar) Tj ET Q q 0 0 0 rg BT 84.65 456.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 96.66 456.60 Td (and ) Tj ET Q q 0 0 0 rg BT 113.67 456.60 Td (small ) Tj ET Q q 0 0 0 rg BT 137.90 456.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 183.24 456.60 Td (of) Tj ET Q q 0 0 0 rg BT 191.39 456.60 Td (fering ) Tj ET Q q 0 0 0 rg BT 217.83 456.60 Td (these ) Tj ET Q q 0 0 0 rg BT 240.95 456.60 Td (services, ) Tj ET Q q 0 0 0 rg BT 278.23 456.60 Td (in ) Tj ET Q q 0 0 0 rg BT 288.58 456.60 Td (local ) Tj ET Q q 0 0 0 rg BT 310.58 456.60 Td (and ) Tj ET Q q 0 0 0 rg BT 327.59 456.60 Td (regional ) Tj ET Q q 0 0 0 rg BT 362.92 456.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 388.26 456.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 422.48 456.60 Td (that ) Tj ET Q q 0 0 0 rg BT 440.05 456.60 Td (are ) Tj ET Q q 0 0 0 rg BT 454.83 456.60 Td (similarly ) Tj ET Q q 0 0 0 rg BT 492.95 456.60 Td (influenced ) Tj ET Q q 0 0 0 rg BT 537.72 456.60 Td (by ) Tj ET Q q 0 0 0 rg BT 550.29 456.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 444.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 79.21 444.60 Td (noted ) Tj ET Q q 0 0 0 rg BT 103.92 444.60 Td (above ) Tj ET Q q 0 0 0 rg BT 130.30 444.60 Td (which ) Tj ET Q q 0 0 0 rg BT 157.24 444.60 Td (af) Tj ET Q q 0 0 0 rg BT 164.83 444.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 182.31 444.60 Td (the ) Tj ET Q q 0 0 0 rg BT 197.03 444.60 Td (broader ) Tj ET Q q 0 0 0 rg BT 230.07 444.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 255.33 444.60 Td (markets. ) Tj ET Q q 0 0 0 rg BT 291.99 444.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 426.60 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 426.60 Td (e ) Tj ET Q q 0 0 0 rg BT 74.40 426.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 113.32 426.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 130.04 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 145.08 426.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 181.79 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 192.94 426.60 Td (our ) Tj ET Q q 0 0 0 rg BT 209.10 426.60 Td (electricity ) Tj ET Q q 0 0 0 rg BT 251.90 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 269.17 426.60 Td (other ) Tj ET Q q 0 0 0 rg BT 292.54 426.60 Td (ener) Tj ET Q q 0 0 0 rg BT 309.56 426.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 322.39 426.60 Td (product ) Tj ET Q q 0 0 0 rg BT 355.76 426.60 Td (output ) Tj ET Q q 0 0 0 rg BT 384.15 426.60 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 421.41 426.60 Td (to ) Tj ET Q q 0 0 0 rg BT 432.02 426.60 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 473.44 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 490.70 426.60 Td (for ) Tj ET Q q 0 0 0 rg BT 505.19 426.60 Td (this ) Tj ET Q q 0 0 0 rg BT 522.46 426.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 554.17 426.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (our ) Tj ET Q q 0 0 0 rg BT 65.41 414.60 Td (ener) Tj ET Q q 0 0 0 rg BT 82.44 414.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 95.03 414.60 Td (output ) Tj ET Q q 0 0 0 rg BT 123.17 414.60 Td (we ) Tj ET Q q 0 0 0 rg BT 137.41 414.60 Td (do ) Tj ET Q q 0 0 0 rg BT 150.00 414.60 Td (not ) Tj ET Q q 0 0 0 rg BT 165.36 414.60 Td (compete ) Tj ET Q q 0 0 0 rg BT 201.81 414.60 Td (on ) Tj ET Q q 0 0 0 rg BT 214.40 414.60 Td (price. ) Tj ET Q q 0 0 0 rg BT 238.90 414.60 Td (As ) Tj ET Q q 0 0 0 rg BT 252.60 414.60 Td (these ) Tj ET Q q 0 0 0 rg BT 275.73 414.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 314.41 414.60 Td (expire, ) Tj ET Q q 0 0 0 rg BT 344.48 414.60 Td (we ) Tj ET Q q 0 0 0 rg BT 358.72 414.60 Td (will ) Tj ET Q q 0 0 0 rg BT 376.86 414.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 393.33 414.60 Td (an ) Tj ET Q q 0 0 0 rg BT 405.36 414.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 449.03 414.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 480.50 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 491.42 414.60 Td (our ) Tj ET Q q 0 0 0 rg BT 507.33 414.60 Td (ener) Tj ET Q q 0 0 0 rg BT 524.36 414.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 536.94 414.60 Td (output ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (into ) Tj ET Q q 0 0 0 rg BT 67.46 402.60 Td (competitive ) Tj ET Q q 0 0 0 rg BT 117.06 402.60 Td (ener) Tj ET Q q 0 0 0 rg BT 134.09 402.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 146.49 402.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 180.54 402.60 Td (or ) Tj ET Q q 0 0 0 rg BT 191.27 402.60 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 228.11 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 238.28 402.60 Td (short-term ) Tj ET Q q 0 0 0 rg BT 282.34 402.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 320.83 402.60 Td (and, ) Tj ET Q q 0 0 0 rg BT 340.17 402.60 Td (as ) Tj ET Q q 0 0 0 rg BT 350.90 402.60 Td (such, ) Tj ET Q q 0 0 0 rg BT 374.13 402.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 413.73 402.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 442.22 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 452.40 402.60 Td (have ) Tj ET Q q 0 0 0 rg BT 473.67 402.60 Td (a ) Tj ET Q q 0 0 0 rg BT 480.51 402.60 Td (growing ) Tj ET Q q 0 0 0 rg BT 516.24 402.60 Td (exposure ) Tj ET Q q 0 0 0 rg BT 554.74 402.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (ener) Tj ET Q q 0 0 0 rg BT 66.53 390.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 79.03 390.60 Td (market ) Tj ET Q q 0 0 0 rg BT 109.29 390.60 Td (price ) Tj ET Q q 0 0 0 rg BT 131.78 390.60 Td (volatility) Tj ET Q q 0 0 0 rg BT 167.23 390.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 372.60 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 372.60 Td (e ) Tj ET Q q 0 0 0 rg BT 73.95 372.60 Td (have ) Tj ET Q q 0 0 0 rg BT 95.19 372.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 126.99 372.60 Td (into ) Tj ET Q q 0 0 0 rg BT 144.92 372.60 Td (hedging ) Tj ET Q q 0 0 0 rg BT 179.50 372.60 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 235.74 372.60 Td (in ) Tj ET Q q 0 0 0 rg BT 245.89 372.60 Td (order ) Tj ET Q q 0 0 0 rg BT 269.35 372.60 Td (to ) Tj ET Q q 0 0 0 rg BT 279.50 372.60 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 314.64 372.60 Td (our ) Tj ET Q q 0 0 0 rg BT 330.34 372.60 Td (exposure ) Tj ET Q q 0 0 0 rg BT 368.81 372.60 Td (to ) Tj ET Q q 0 0 0 rg BT 378.96 372.60 Td (this ) Tj ET Q q 0 0 0 rg BT 395.78 372.60 Td (volatility) Tj ET Q q 0 0 0 rg BT 431.24 372.60 Td (, ) Tj ET Q q 0 0 0 rg BT 436.11 372.60 Td (and ) Tj ET Q q 0 0 0 rg BT 452.92 372.60 Td (we ) Tj ET Q q 0 0 0 rg BT 466.95 372.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 495.41 372.60 Td (to ) Tj ET Q q 0 0 0 rg BT 505.56 372.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 542.37 372.60 Td (to ) Tj ET Q q 0 0 0 rg BT 552.52 372.60 Td (do ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 360.60 Td (so ) Tj ET Q q 0 0 0 rg BT 60.98 360.60 Td (in ) Tj ET Q q 0 0 0 rg BT 71.35 360.60 Td (the ) Tj ET Q q 0 0 0 rg BT 86.16 360.60 Td (future. ) Tj ET Q q 0 0 0 rg BT 115.13 360.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 133.27 360.60 Td (ef) Tj ET Q q 0 0 0 rg BT 140.86 360.60 Td (forts ) Tj ET Q q 0 0 0 rg BT 161.78 360.60 Td (in ) Tj ET Q q 0 0 0 rg BT 172.15 360.60 Td (this ) Tj ET Q q 0 0 0 rg BT 189.19 360.60 Td (regard ) Tj ET Q q 0 0 0 rg BT 217.32 360.60 Td (will ) Tj ET Q q 0 0 0 rg BT 235.47 360.60 Td (involve ) Tj ET Q q 0 0 0 rg BT 268.06 360.60 Td (only ) Tj ET Q q 0 0 0 rg BT 288.43 360.60 Td (mitigation ) Tj ET Q q 0 0 0 rg BT 332.13 360.60 Td (of ) Tj ET Q q 0 0 0 rg BT 343.05 360.60 Td (price ) Tj ET Q q 0 0 0 rg BT 365.63 360.60 Td (volatility ) Tj ET Q q 0 0 0 rg BT 404.33 360.60 Td (for ) Tj ET Q q 0 0 0 rg BT 418.58 360.60 Td (the ) Tj ET Q q 0 0 0 rg BT 433.39 360.60 Td (ener) Tj ET Q q 0 0 0 rg BT 450.42 360.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 463.01 360.60 Td (we ) Tj ET Q q 0 0 0 rg BT 477.26 360.60 Td (produce, ) Tj ET Q q 0 0 0 rg BT 514.56 360.60 Td (and ) Tj ET Q q 0 0 0 rg BT 531.59 360.60 Td (will ) Tj ET Q q 0 0 0 rg BT 549.74 360.60 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 348.60 Td (involve ) Tj ET Q q 0 0 0 rg BT 82.00 348.60 Td (speculative ) Tj ET Q q 0 0 0 rg BT 129.48 348.60 Td (ener) Tj ET Q q 0 0 0 rg BT 146.50 348.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 159.00 348.60 Td (trading.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 330.60 Td (For ) Tj ET Q q 0 0 0 rg BT 74.32 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 88.47 330.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 119.29 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 129.55 330.60 Td (our ) Tj ET Q q 0 0 0 rg BT 144.81 330.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 181.74 330.60 Td (that ) Tj ET Q q 0 0 0 rg BT 198.66 330.60 Td (is ) Tj ET Q q 0 0 0 rg BT 207.26 330.60 Td (exposed ) Tj ET Q q 0 0 0 rg BT 241.96 330.60 Td (to ) Tj ET Q q 0 0 0 rg BT 251.67 330.60 Td (electricity ) Tj ET Q q 0 0 0 rg BT 293.58 330.60 Td (markets, ) Tj ET Q q 0 0 0 rg BT 329.67 330.60 Td (we ) Tj ET Q q 0 0 0 rg BT 343.26 330.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 371.28 330.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 397.09 330.60 Td (will ) Tj ET Q q 0 0 0 rg BT 414.58 330.60 Td (be ) Tj ET Q q 0 0 0 rg BT 425.95 330.60 Td (driven ) Tj ET Q q 0 0 0 rg BT 453.43 330.60 Td (by ) Tj ET Q q 0 0 0 rg BT 465.36 330.60 Td (several ) Tj ET Q q 0 0 0 rg BT 495.60 330.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 524.74 330.60 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 80.15 318.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 96.37 318.60 Td (supply/demand ) Tj ET Q q 0 0 0 rg BT 160.37 318.60 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 207.42 318.60 Td (regional ) Tj ET Q q 0 0 0 rg BT 243.07 318.60 Td (electricity ) Tj ET Q q 0 0 0 rg BT 285.94 318.60 Td (supply/demand ) Tj ET Q q 0 0 0 rg BT 349.93 318.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 382.53 318.60 Td (regional ) Tj ET Q q 0 0 0 rg BT 418.18 318.60 Td (transmission ) Tj ET Q q 0 0 0 rg BT 471.63 318.60 Td (and ) Tj ET Q q 0 0 0 rg BT 488.96 318.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 519.61 318.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 535.83 318.60 Td (supply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 84.41 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 100.45 306.60 Td (system ) Tj ET Q q 0 0 0 rg BT 129.83 306.60 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 175.60 306.60 Td (weather ) Tj ET Q q 0 0 0 rg BT 208.85 306.60 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 254.61 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 270.65 306.60 Td (emer) Tj ET Q q 0 0 0 rg BT 290.46 306.60 Td (ging ) Tj ET Q q 0 0 0 rg BT 309.84 306.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 369.20 306.60 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 417.38 306.60 Td (All ) Tj ET Q q 0 0 0 rg BT 431.76 306.60 Td (of ) Tj ET Q q 0 0 0 rg BT 441.69 306.60 Td (these ) Tj ET Q q 0 0 0 rg BT 463.84 306.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 492.65 306.60 Td (will ) Tj ET Q q 0 0 0 rg BT 509.81 306.60 Td (have ) Tj ET Q q 0 0 0 rg BT 530.28 306.60 Td (national ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 294.60 Td (regional ) Tj ET Q q 0 0 0 rg BT 101.70 294.60 Td (impacts ) Tj ET Q q 0 0 0 rg BT 135.31 294.60 Td (that ) Tj ET Q q 0 0 0 rg BT 152.80 294.60 Td (af) Tj ET Q q 0 0 0 rg BT 160.39 294.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 177.87 294.60 Td (electricity ) Tj ET Q q 0 0 0 rg BT 220.35 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 237.29 294.60 Td (steam ) Tj ET Q q 0 0 0 rg BT 263.11 294.60 Td (prices. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 276.60 Td (Electricity ) Tj ET Q q 0 0 0 rg BT 102.62 276.60 Td (and ) Tj ET Q q 0 0 0 rg BT 119.53 276.60 Td (steam ) Tj ET Q q 0 0 0 rg BT 145.33 276.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 171.68 276.60 Td (in ) Tj ET Q q 0 0 0 rg BT 181.93 276.60 Td (the ) Tj ET Q q 0 0 0 rg BT 196.62 276.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 230.75 276.60 Td (where ) Tj ET Q q 0 0 0 rg BT 257.65 276.60 Td (the ) Tj ET Q q 0 0 0 rg BT 272.34 276.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 308.70 276.60 Td (of ) Tj ET Q q 0 0 0 rg BT 319.50 276.60 Td (our ) Tj ET Q q 0 0 0 rg BT 335.30 276.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 372.20 276.60 Td (are ) Tj ET Q q 0 0 0 rg BT 386.88 276.60 Td (located ) Tj ET Q q 0 0 0 rg BT 418.23 276.60 Td (are ) Tj ET Q q 0 0 0 rg BT 432.91 276.60 Td (heavily ) Tj ET Q q 0 0 0 rg BT 464.82 276.60 Td (impacted ) Tj ET Q q 0 0 0 rg BT 503.94 276.60 Td (by ) Tj ET Q q 0 0 0 rg BT 516.41 276.60 Td (movements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 264.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.57 264.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 89.63 264.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 105.26 264.60 Td (prices. ) Tj ET Q q 0 0 0 rg BT 133.76 264.60 Td (The ) Tj ET Q q 0 0 0 rg BT 151.60 264.60 Td (substantial ) Tj ET Q q 0 0 0 rg BT 196.67 264.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 231.72 264.60 Td (in ) Tj ET Q q 0 0 0 rg BT 241.79 264.60 Td (unconventional ) Tj ET Q q 0 0 0 rg BT 305.74 264.60 Td (or ) Tj ET Q q 0 0 0 rg BT 316.37 264.60 Td (shale ) Tj ET Q q 0 0 0 rg BT 339.21 264.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 354.83 264.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 383.80 264.60 Td (has ) Tj ET Q q 0 0 0 rg BT 399.42 264.60 Td (created ) Tj ET Q q 0 0 0 rg BT 430.58 264.60 Td (downward ) Tj ET Q q 0 0 0 rg BT 475.09 264.60 Td (pressure ) Tj ET Q q 0 0 0 rg BT 510.70 264.60 Td (on ) Tj ET Q q 0 0 0 rg BT 523.00 264.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 538.62 264.60 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 252.60 Td (relative ) Tj ET Q q 0 0 0 rg BT 82.24 252.60 Td (to ) Tj ET Q q 0 0 0 rg BT 92.79 252.60 Td (historical ) Tj ET Q q 0 0 0 rg BT 132.76 252.60 Td (levels ) Tj ET Q q 0 0 0 rg BT 158.85 252.60 Td (and ) Tj ET Q q 0 0 0 rg BT 176.05 252.60 Td (therefore ) Tj ET Q q 0 0 0 rg BT 214.90 252.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 241.54 252.60 Td (for ) Tj ET Q q 0 0 0 rg BT 255.96 252.60 Td (the ) Tj ET Q q 0 0 0 rg BT 270.95 252.60 Td (electricity ) Tj ET Q q 0 0 0 rg BT 313.68 252.60 Td (we ) Tj ET Q q 0 0 0 rg BT 328.11 252.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 344.76 252.60 Td (that ) Tj ET Q q 0 0 0 rg BT 362.52 252.60 Td (is ) Tj ET Q q 0 0 0 rg BT 371.95 252.60 Td (not ) Tj ET Q q 0 0 0 rg BT 387.49 252.60 Td (under ) Tj ET Q q 0 0 0 rg BT 413.03 252.60 Td (contract. ) Tj ET Q q 0 0 0 rg BT 450.49 252.60 Td (However) Tj ET Q q 0 0 0 rg BT 486.74 252.60 Td (, ) Tj ET Q q 0 0 0 rg BT 492.00 252.60 Td (when ) Tj ET Q q 0 0 0 rg BT 516.43 252.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 550.85 252.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 240.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 65.00 240.60 Td (is ) Tj ET Q q 0 0 0 rg BT 73.84 240.60 Td (high ) Tj ET Q q 0 0 0 rg BT 93.79 240.60 Td (during ) Tj ET Q q 0 0 0 rg BT 122.07 240.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 151.45 240.60 Td (seasons ) Tj ET Q q 0 0 0 rg BT 184.17 240.60 Td (or ) Tj ET Q q 0 0 0 rg BT 194.67 240.60 Td (weather ) Tj ET Q q 0 0 0 rg BT 228.49 240.60 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 274.83 240.60 Td (the ) Tj ET Q q 0 0 0 rg BT 289.22 240.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 304.72 240.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 339.10 240.60 Td (system ) Tj ET Q q 0 0 0 rg BT 369.05 240.60 Td (has ) Tj ET Q q 0 0 0 rg BT 384.55 240.60 Td (been ) Tj ET Q q 0 0 0 rg BT 405.60 240.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 436.11 240.60 Td (in ) Tj ET Q q 0 0 0 rg BT 446.06 240.60 Td (its ) Tj ET Q q 0 0 0 rg BT 457.68 240.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 485.40 240.60 Td (to ) Tj ET Q q 0 0 0 rg BT 495.35 240.60 Td (transport ) Tj ET Q q 0 0 0 rg BT 533.07 240.60 Td (enough ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 228.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 65.10 228.60 Td (to ) Tj ET Q q 0 0 0 rg BT 75.15 228.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 104.62 228.60 Td (regions, ) Tj ET Q q 0 0 0 rg BT 138.83 228.60 Td (such ) Tj ET Q q 0 0 0 rg BT 159.43 228.60 Td (as ) Tj ET Q q 0 0 0 rg BT 170.03 228.60 Td (New ) Tj ET Q q 0 0 0 rg BT 191.18 228.60 Td (England ) Tj ET Q q 0 0 0 rg BT 226.77 228.60 Td (and ) Tj ET Q q 0 0 0 rg BT 243.48 228.60 Td (California. ) Tj ET Q q 0 0 0 rg BT 288.29 228.60 Td (As ) Tj ET Q q 0 0 0 rg BT 301.67 228.60 Td (result, ) Tj ET Q q 0 0 0 rg BT 328.66 228.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 344.26 228.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 370.41 228.60 Td (can ) Tj ET Q q 0 0 0 rg BT 386.55 228.60 Td (experience ) Tj ET Q q 0 0 0 rg BT 432.12 228.60 Td (short-term ) Tj ET Q q 0 0 0 rg BT 476.05 228.60 Td (spikes, ) Tj ET Q q 0 0 0 rg BT 505.82 228.60 Td (and ) Tj ET Q q 0 0 0 rg BT 522.53 228.60 Td (electricity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 216.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 75.88 216.60 Td (follow) Tj ET Q q 0 0 0 rg BT 101.34 216.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 198.60 Td (Several ) Tj ET Q q 0 0 0 rg BT 90.22 198.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 131.39 198.60 Td (trends ) Tj ET Q q 0 0 0 rg BT 157.56 198.60 Td (are ) Tj ET Q q 0 0 0 rg BT 171.50 198.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 208.76 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 218.28 198.60 Td (af) Tj ET Q q 0 0 0 rg BT 225.86 198.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 242.58 198.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 262.10 198.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 291.60 198.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 306.66 198.60 Td (prices; ) Tj ET Q q 0 0 0 rg BT 335.05 198.60 Td (including ) Tj ET Q q 0 0 0 rg BT 374.55 198.60 Td (shale ) Tj ET Q q 0 0 0 rg BT 396.83 198.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 411.90 198.60 Td (production, ) Tj ET Q q 0 0 0 rg BT 459.46 198.60 Td (storage ) Tj ET Q q 0 0 0 rg BT 490.07 198.60 Td (capacity) Tj ET Q q 0 0 0 rg BT 522.73 198.60 Td (, ) Tj ET Q q 0 0 0 rg BT 526.96 198.60 Td (liquefied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 81.10 186.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 98.26 186.60 Td (\("LNG"\) ) Tj ET Q q 0 0 0 rg BT 137.47 186.60 Td (exports, ) Tj ET Q q 0 0 0 rg BT 173.24 186.60 Td (regulation, ) Tj ET Q q 0 0 0 rg BT 220.11 186.60 Td (coal ) Tj ET Q q 0 0 0 rg BT 240.60 186.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 264.42 186.60 Td (retirements, ) Tj ET Q q 0 0 0 rg BT 315.74 186.60 Td (as ) Tj ET Q q 0 0 0 rg BT 327.90 186.60 Td (well ) Tj ET Q q 0 0 0 rg BT 348.95 186.60 Td (as ) Tj ET Q q 0 0 0 rg BT 361.11 186.60 Td (industrial, ) Tj ET Q q 0 0 0 rg BT 405.22 186.60 Td (transportation ) Tj ET Q q 0 0 0 rg BT 464.59 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 482.86 186.60 Td (residential ) Tj ET Q q 0 0 0 rg BT 528.34 186.60 Td (demand. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 104.12 174.60 Td (regional ) Tj ET Q q 0 0 0 rg BT 139.01 174.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 168.91 174.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 184.37 174.60 Td (prices, ) Tj ET Q q 0 0 0 rg BT 212.88 174.60 Td (especially ) Tj ET Q q 0 0 0 rg BT 255.00 174.60 Td (in ) Tj ET Q q 0 0 0 rg BT 264.91 174.60 Td (the ) Tj ET Q q 0 0 0 rg BT 279.26 174.60 Td (Northeast ) Tj ET Q q 0 0 0 rg BT 320.27 174.60 Td (are ) Tj ET Q q 0 0 0 rg BT 334.61 174.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 372.27 174.60 Td (to ) Tj ET Q q 0 0 0 rg BT 382.18 174.60 Td (be ) Tj ET Q q 0 0 0 rg BT 393.75 174.60 Td (af) Tj ET Q q 0 0 0 rg BT 401.34 174.60 Td (fected ) Tj ET Q q 0 0 0 rg BT 427.90 174.60 Td (by ) Tj ET Q q 0 0 0 rg BT 440.03 174.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 474.37 174.60 Td (in ) Tj ET Q q 0 0 0 rg BT 484.28 174.60 Td (regional ) Tj ET Q q 0 0 0 rg BT 519.18 174.60 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 162.60 Td (transportation ) Tj ET Q q 0 0 0 rg BT 124.48 162.60 Td (capacity) Tj ET Q q 0 0 0 rg BT 157.14 162.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 144.60 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 144.60 Td (e ) Tj ET Q q 0 0 0 rg BT 73.54 144.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 112.70 144.60 Td (enter ) Tj ET Q q 0 0 0 rg BT 134.65 144.60 Td (into ) Tj ET Q q 0 0 0 rg BT 152.16 144.60 Td (short-term ) Tj ET Q q 0 0 0 rg BT 195.78 144.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 233.83 144.60 Td (for ) Tj ET Q q 0 0 0 rg BT 247.45 144.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 268.85 144.60 Td (of ) Tj ET Q q 0 0 0 rg BT 279.14 144.60 Td (recovered ) Tj ET Q q 0 0 0 rg BT 320.52 144.60 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 350.80 144.60 Td (and ) Tj ET Q q 0 0 0 rg BT 367.20 144.60 Td (non-ferrous ) Tj ET Q q 0 0 0 rg BT 415.81 144.60 Td (metals ) Tj ET Q q 0 0 0 rg BT 443.87 144.60 Td (with ) Tj ET Q q 0 0 0 rg BT 463.61 144.60 Td (processors ) Tj ET Q q 0 0 0 rg BT 507.78 144.60 Td (and ) Tj ET Q q 0 0 0 rg BT 524.18 144.60 Td (end-users ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 132.60 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 69.96 132.60 Td (mills\). ) Tj ET Q q 0 0 0 rg BT 98.04 132.60 Td (W) Tj ET Q q 0 0 0 rg BT 106.68 132.60 Td (e ) Tj ET Q q 0 0 0 rg BT 113.53 132.60 Td (compete ) Tj ET Q q 0 0 0 rg BT 149.82 132.60 Td (with ) Tj ET Q q 0 0 0 rg BT 170.02 132.60 Td (other ) Tj ET Q q 0 0 0 rg BT 192.98 132.60 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 231.51 132.60 Td (who ) Tj ET Q q 0 0 0 rg BT 251.15 132.60 Td (are ) Tj ET Q q 0 0 0 rg BT 265.77 132.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 305.39 132.60 Td (not ) Tj ET Q q 0 0 0 rg BT 320.58 132.60 Td (in ) Tj ET Q q 0 0 0 rg BT 330.78 132.60 Td (the ) Tj ET Q q 0 0 0 rg BT 345.41 132.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 364.11 132.60 Td ( ) Tj ET Q q 0 0 0 rg BT 366.53 132.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 401.72 132.60 Td (and ) Tj ET Q q 0 0 0 rg BT 418.58 132.60 Td (whose ) Tj ET Q q 0 0 0 rg BT 446.55 132.60 Td (product ) Tj ET Q q 0 0 0 rg BT 479.51 132.60 Td (may ) Tj ET Q q 0 0 0 rg BT 499.14 132.60 Td (be ) Tj ET Q q 0 0 0 rg BT 511.00 132.60 Td (less ) Tj ET Q q 0 0 0 rg BT 528.42 132.60 Td (costly ) Tj ET Q q 0 0 0 rg BT 554.72 132.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 120.60 Td (process ) Tj ET Q q 0 0 0 rg BT 81.78 120.60 Td (than ) Tj ET Q q 0 0 0 rg BT 101.29 120.60 Td (metals ) Tj ET Q q 0 0 0 rg BT 129.69 120.60 Td (from ) Tj ET Q q 0 0 0 rg BT 151.42 120.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 170.12 120.60 Td ( ) Tj ET Q q 0 0 0 rg BT 172.41 120.60 Td (sources. ) Tj ET Q q 0 0 0 rg BT 207.19 120.60 Td (In ) Tj ET Q q 0 0 0 rg BT 217.81 120.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 255.38 120.60 Td (third ) Tj ET Q q 0 0 0 rg BT 276.56 120.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 305.51 120.60 Td (to ) Tj ET Q q 0 0 0 rg BT 315.58 120.60 Td (whom ) Tj ET Q q 0 0 0 rg BT 342.87 120.60 Td (we ) Tj ET Q q 0 0 0 rg BT 356.82 120.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 373.00 120.60 Td (our ) Tj ET Q q 0 0 0 rg BT 388.62 120.60 Td (metals ) Tj ET Q q 0 0 0 rg BT 417.02 120.60 Td (are ) Tj ET Q q 0 0 0 rg BT 431.52 120.60 Td (often ) Tj ET Q q 0 0 0 rg BT 454.36 120.60 Td (not ) Tj ET Q q 0 0 0 rg BT 469.43 120.60 Td (well-capitalized, ) Tj ET Q q 0 0 0 rg BT 538.07 120.60 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 108.60 Td (creates ) Tj ET Q q 0 0 0 rg BT 79.59 108.60 Td (greater ) Tj ET Q q 0 0 0 rg BT 109.68 108.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 134.78 108.60 Td (and ) Tj ET Q q 0 0 0 rg BT 151.55 108.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 204.41 108.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 221.75 108.60 Td (to ) Tj ET Q q 0 0 0 rg BT 231.86 108.60 Td (us ) Tj ET Q q 0 0 0 rg BT 243.09 108.60 Td (than ) Tj ET Q q 0 0 0 rg BT 262.64 108.60 Td (we ) Tj ET Q q 0 0 0 rg BT 276.63 108.60 Td (typically ) Tj ET Q q 0 0 0 rg BT 313.96 108.60 Td (experience ) Tj ET Q q 0 0 0 rg BT 359.60 108.60 Td (in ) Tj ET Q q 0 0 0 rg BT 369.71 108.60 Td (our ) Tj ET Q q 0 0 0 rg BT 385.38 108.60 Td (other ) Tj ET Q q 0 0 0 rg BT 408.26 108.60 Td (lines ) Tj ET Q q 0 0 0 rg BT 429.48 108.60 Td (of ) Tj ET Q q 0 0 0 rg BT 440.15 108.60 Td (business. ) Tj ET Q q 0 0 0 rg BT 478.87 108.60 Td (Because ) Tj ET Q q 0 0 0 rg BT 514.52 108.60 Td (of ) Tj ET Q q 0 0 0 rg BT 525.19 108.60 Td (these ) Tj ET Q q 0 0 0 rg BT 548.07 108.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 96.60 Td (other ) Tj ET Q q 0 0 0 rg BT 72.24 96.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 104.13 96.60 Td (and ) Tj ET Q q 0 0 0 rg BT 120.76 96.60 Td (because ) Tj ET Q q 0 0 0 rg BT 154.59 96.60 Td (we ) Tj ET Q q 0 0 0 rg BT 168.44 96.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 196.73 96.60 Td (to ) Tj ET Q q 0 0 0 rg BT 206.69 96.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 243.32 96.60 Td (to ) Tj ET Q q 0 0 0 rg BT 253.28 96.60 Td (enhance ) Tj ET Q q 0 0 0 rg BT 288.23 96.60 Td (our ) Tj ET Q q 0 0 0 rg BT 303.74 96.60 Td (metals ) Tj ET Q q 0 0 0 rg BT 332.04 96.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 369.20 96.60 Td (activities, ) Tj ET Q q 0 0 0 rg BT 409.99 96.60 Td (we ) Tj ET Q q 0 0 0 rg BT 423.84 96.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 463.23 96.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 491.51 96.60 Td (to ) Tj ET Q q 0 0 0 rg BT 501.48 96.60 Td (have ) Tj ET Q q 0 0 0 rg BT 522.55 96.60 Td (a ) Tj ET Q q 0 0 0 rg BT 529.17 96.60 Td (growing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 84.60 Td (exposure ) Tj ET Q q 0 0 0 rg BT 88.81 84.60 Td (to ) Tj ET Q q 0 0 0 rg BT 99.80 84.60 Td (metals ) Tj ET Q q 0 0 0 rg BT 129.11 84.60 Td (market ) Tj ET Q q 0 0 0 rg BT 160.08 84.60 Td (volatility) Tj ET Q q 0 0 0 rg BT 195.54 84.60 Td (. ) Tj ET Q q 0 0 0 rg BT 201.02 84.60 Td (W) Tj ET Q q 0 0 0 rg BT 209.66 84.60 Td (e ) Tj ET Q q 0 0 0 rg BT 217.30 84.60 Td (also ) Tj ET Q q 0 0 0 rg BT 236.62 84.60 Td (have ) Tj ET Q q 0 0 0 rg BT 258.71 84.60 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 299.67 84.60 Td (our ) Tj ET Q q 0 0 0 rg BT 316.21 84.60 Td (focus ) Tj ET Q q 0 0 0 rg BT 341.08 84.60 Td (on ) Tj ET Q q 0 0 0 rg BT 354.29 84.60 Td (mitigating ) Tj ET Q q 0 0 0 rg BT 398.61 84.60 Td (commercial ) Tj ET Q q 0 0 0 rg BT 449.02 84.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 471.12 84.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 515.42 84.60 Td (with ) Tj ET Q q 0 0 0 rg BT 536.41 84.60 Td (metals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 72.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 86.98 72.60 Td (and ) Tj ET Q q 0 0 0 rg BT 103.91 72.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 138.06 72.60 Td (generation. ) Tj ET Q endstream endobj 31 0 obj <>] /Rotate 0 /Contents 32 0 R>> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 744.75 Td (T) Tj ET Q q 0 0 0 rg BT 55.25 744.75 Td (echnology) Tj ET Q q 0 0 0 rg BT 97.48 744.75 Td (, ) Tj ET Q q 0 0 0 rg BT 102.48 744.75 Td (Resear) Tj ET Q q 0 0 0 rg BT 131.73 744.75 Td (ch ) Tj ET Q q 0 0 0 rg BT 144.23 744.75 Td (and ) Tj ET Q q 0 0 0 rg BT 162.85 744.75 Td (Development ) Tj ET Q q 0 0 0 rg BT 221.45 744.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 726.75 Td (In ) Tj ET Q q 0 0 0 rg BT 70.02 726.75 Td (our ) Tj ET Q q 0 0 0 rg BT 86.53 726.75 Td (EfW) Tj ET Q q 0 0 0 rg BT 105.23 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 108.41 726.75 Td (business, ) Tj ET Q q 0 0 0 rg BT 147.99 726.75 Td (we ) Tj ET Q q 0 0 0 rg BT 162.84 726.75 Td (own ) Tj ET Q q 0 0 0 rg BT 183.25 726.75 Td (and/or ) Tj ET Q q 0 0 0 rg BT 211.98 726.75 Td (operate ) Tj ET Q q 0 0 0 rg BT 244.59 726.75 Td (EfW) Tj ET Q q 0 0 0 rg BT 263.29 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 266.47 726.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 304.09 726.75 Td (that ) Tj ET Q q 0 0 0 rg BT 322.27 726.75 Td (utilize ) Tj ET Q q 0 0 0 rg BT 350.44 726.75 Td (various ) Tj ET Q q 0 0 0 rg BT 383.07 726.75 Td (technologies ) Tj ET Q q 0 0 0 rg BT 436.80 726.75 Td (from ) Tj ET Q q 0 0 0 rg BT 459.42 726.75 Td (several ) Tj ET Q q 0 0 0 rg BT 490.92 726.75 Td (dif) Tj ET Q q 0 0 0 rg BT 501.85 726.75 Td (ferent ) Tj ET Q q 0 0 0 rg BT 528.35 726.75 Td (vendors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.75 Td (including ) Tj ET Q q 0 0 0 rg BT 88.60 714.75 Td (mass-burn ) Tj ET Q q 0 0 0 rg BT 131.59 714.75 Td (combustion ) Tj ET Q q 0 0 0 rg BT 179.58 714.75 Td (technologies ) Tj ET Q q 0 0 0 rg BT 231.45 714.75 Td (and ) Tj ET Q q 0 0 0 rg BT 247.21 714.75 Td (refuse-derived ) Tj ET Q q 0 0 0 rg BT 306.29 714.75 Td (fuel ) Tj ET Q q 0 0 0 rg BT 323.16 714.75 Td (technologies ) Tj ET Q q 0 0 0 rg BT 375.03 714.75 Td (which ) Tj ET Q q 0 0 0 rg BT 400.79 714.75 Td (include ) Tj ET Q q 0 0 0 rg BT 431.56 714.75 Td (pre-combustion ) Tj ET Q q 0 0 0 rg BT 495.65 714.75 Td (waste ) Tj ET Q q 0 0 0 rg BT 519.74 714.75 Td (processing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.75 Td (not ) Tj ET Q q 0 0 0 rg BT 64.14 702.75 Td (required ) Tj ET Q q 0 0 0 rg BT 99.31 702.75 Td (with ) Tj ET Q q 0 0 0 rg BT 118.95 702.75 Td (a ) Tj ET Q q 0 0 0 rg BT 125.25 702.75 Td (mass-burn ) Tj ET Q q 0 0 0 rg BT 168.77 702.75 Td (design. ) Tj ET Q q 0 0 0 rg BT 198.82 702.75 Td (As ) Tj ET Q q 0 0 0 rg BT 211.80 702.75 Td (we ) Tj ET Q q 0 0 0 rg BT 225.32 702.75 Td (continue ) Tj ET Q q 0 0 0 rg BT 261.61 702.75 Td (our ) Tj ET Q q 0 0 0 rg BT 276.80 702.75 Td (ef) Tj ET Q q 0 0 0 rg BT 284.39 702.75 Td (forts ) Tj ET Q q 0 0 0 rg BT 304.58 702.75 Td (to ) Tj ET Q q 0 0 0 rg BT 314.21 702.75 Td (develop ) Tj ET Q q 0 0 0 rg BT 347.73 702.75 Td (and/or ) Tj ET Q q 0 0 0 rg BT 375.14 702.75 Td (acquire ) Tj ET Q q 0 0 0 rg BT 406.42 702.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 448.27 702.75 Td (EfW) Tj ET Q q 0 0 0 rg BT 466.96 702.75 Td ( ) Tj ET Q q 0 0 0 rg BT 468.82 702.75 Td (projects ) Tj ET Q q 0 0 0 rg BT 502.34 702.75 Td (internationally) Tj ET Q q 0 0 0 rg BT 560.00 702.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.75 Td (we ) Tj ET Q q 0 0 0 rg BT 64.40 690.75 Td (will ) Tj ET Q q 0 0 0 rg BT 83.19 690.75 Td (consider ) Tj ET Q q 0 0 0 rg BT 120.30 690.75 Td (mass-burn ) Tj ET Q q 0 0 0 rg BT 165.20 690.75 Td (combustion ) Tj ET Q q 0 0 0 rg BT 215.10 690.75 Td (and ) Tj ET Q q 0 0 0 rg BT 232.78 690.75 Td (other ) Tj ET Q q 0 0 0 rg BT 256.56 690.75 Td (technologies ) Tj ET Q q 0 0 0 rg BT 310.34 690.75 Td (that ) Tj ET Q q 0 0 0 rg BT 328.57 690.75 Td (best ) Tj ET Q q 0 0 0 rg BT 347.91 690.75 Td (fit ) Tj ET Q q 0 0 0 rg BT 360.04 690.75 Td (the ) Tj ET Q q 0 0 0 rg BT 375.49 690.75 Td (needs ) Tj ET Q q 0 0 0 rg BT 401.49 690.75 Td (of ) Tj ET Q q 0 0 0 rg BT 413.06 690.75 Td (the ) Tj ET Q q 0 0 0 rg BT 428.51 690.75 Td (local ) Tj ET Q q 0 0 0 rg BT 451.18 690.75 Td (environment ) Tj ET Q q 0 0 0 rg BT 504.96 690.75 Td (of ) Tj ET Q q 0 0 0 rg BT 516.53 690.75 Td (a ) Tj ET Q q 0 0 0 rg BT 524.20 690.75 Td (particular ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.75 Td (project. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 660.75 Td (In ) Tj ET Q q 0 0 0 rg BT 69.48 660.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 107.41 660.75 Td (we ) Tj ET Q q 0 0 0 rg BT 121.73 660.75 Td (will ) Tj ET Q q 0 0 0 rg BT 139.94 660.75 Td (continue ) Tj ET Q q 0 0 0 rg BT 177.02 660.75 Td (to ) Tj ET Q q 0 0 0 rg BT 187.46 660.75 Td (consider ) Tj ET Q q 0 0 0 rg BT 223.99 660.75 Td (technologies ) Tj ET Q q 0 0 0 rg BT 277.18 660.75 Td (better ) Tj ET Q q 0 0 0 rg BT 302.60 660.75 Td (suited ) Tj ET Q q 0 0 0 rg BT 329.14 660.75 Td (than ) Tj ET Q q 0 0 0 rg BT 349.01 660.75 Td (mass-burn ) Tj ET Q q 0 0 0 rg BT 393.32 660.75 Td (combustion ) Tj ET Q q 0 0 0 rg BT 442.64 660.75 Td (for ) Tj ET Q q 0 0 0 rg BT 456.96 660.75 Td (smaller ) Tj ET Q q 0 0 0 rg BT 489.04 660.75 Td (scale ) Tj ET Q q 0 0 0 rg BT 511.68 660.75 Td (applications, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 648.75 Td (including ) Tj ET Q q 0 0 0 rg BT 89.77 648.75 Td (gasification ) Tj ET Q q 0 0 0 rg BT 138.92 648.75 Td (technologies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 630.75 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 630.75 Td (e ) Tj ET Q q 0 0 0 rg BT 74.17 630.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 105.63 630.75 Td (that ) Tj ET Q q 0 0 0 rg BT 123.21 630.75 Td (all ) Tj ET Q q 0 0 0 rg BT 135.80 630.75 Td (forms ) Tj ET Q q 0 0 0 rg BT 161.72 630.75 Td (of ) Tj ET Q q 0 0 0 rg BT 172.64 630.75 Td (EfW) Tj ET Q q 0 0 0 rg BT 191.34 630.75 Td ( ) Tj ET Q q 0 0 0 rg BT 193.93 630.75 Td (technologies ) Tj ET Q q 0 0 0 rg BT 247.06 630.75 Td (of) Tj ET Q q 0 0 0 rg BT 255.21 630.75 Td (fer ) Tj ET Q q 0 0 0 rg BT 268.90 630.75 Td (an ) Tj ET Q q 0 0 0 rg BT 280.93 630.75 Td (environmentally ) Tj ET Q q 0 0 0 rg BT 349.05 630.75 Td (superior ) Tj ET Q q 0 0 0 rg BT 384.41 630.75 Td (solution ) Tj ET Q q 0 0 0 rg BT 419.23 630.75 Td (to ) Tj ET Q q 0 0 0 rg BT 429.60 630.75 Td (post-recycled ) Tj ET Q q 0 0 0 rg BT 486.05 630.75 Td (waste ) Tj ET Q q 0 0 0 rg BT 511.41 630.75 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.75 Td (and ) Tj ET Q q 0 0 0 rg BT 67.08 618.75 Td (ener) Tj ET Q q 0 0 0 rg BT 84.11 618.75 Td (gy ) Tj ET Q q 0 0 0 rg BT 97.25 618.75 Td (challenges ) Tj ET Q q 0 0 0 rg BT 142.60 618.75 Td (faced ) Tj ET Q q 0 0 0 rg BT 167.39 618.75 Td (by ) Tj ET Q q 0 0 0 rg BT 180.54 618.75 Td (leaders ) Tj ET Q q 0 0 0 rg BT 212.00 618.75 Td (around ) Tj ET Q q 0 0 0 rg BT 242.91 618.75 Td (the ) Tj ET Q q 0 0 0 rg BT 258.27 618.75 Td (world, ) Tj ET Q q 0 0 0 rg BT 287.24 618.75 Td (and ) Tj ET Q q 0 0 0 rg BT 304.83 618.75 Td (that ) Tj ET Q q 0 0 0 rg BT 322.97 618.75 Td (our ) Tj ET Q q 0 0 0 rg BT 339.44 618.75 Td (ef) Tj ET Q q 0 0 0 rg BT 347.03 618.75 Td (forts ) Tj ET Q q 0 0 0 rg BT 368.50 618.75 Td (to ) Tj ET Q q 0 0 0 rg BT 379.43 618.75 Td (expand ) Tj ET Q q 0 0 0 rg BT 411.45 618.75 Td (our ) Tj ET Q q 0 0 0 rg BT 427.92 618.75 Td (business ) Tj ET Q q 0 0 0 rg BT 464.96 618.75 Td (will ) Tj ET Q q 0 0 0 rg BT 483.66 618.75 Td (be ) Tj ET Q q 0 0 0 rg BT 496.24 618.75 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 537.14 618.75 Td (by ) Tj ET Q q 0 0 0 rg BT 550.29 618.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.75 Td (development ) Tj ET Q q 0 0 0 rg BT 103.01 606.75 Td (of ) Tj ET Q q 0 0 0 rg BT 113.20 606.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 155.04 606.75 Td (technologies ) Tj ET Q q 0 0 0 rg BT 207.44 606.75 Td (in ) Tj ET Q q 0 0 0 rg BT 217.08 606.75 Td (such ) Tj ET Q q 0 0 0 rg BT 237.27 606.75 Td (fields ) Tj ET Q q 0 0 0 rg BT 261.34 606.75 Td (as ) Tj ET Q q 0 0 0 rg BT 271.53 606.75 Td (emission ) Tj ET Q q 0 0 0 rg BT 308.95 606.75 Td (controls, ) Tj ET Q q 0 0 0 rg BT 345.52 606.75 Td (residue ) Tj ET Q q 0 0 0 rg BT 376.26 606.75 Td (disposal, ) Tj ET Q q 0 0 0 rg BT 413.39 606.75 Td (alternative ) Tj ET Q q 0 0 0 rg BT 457.45 606.75 Td (waste ) Tj ET Q q 0 0 0 rg BT 482.07 606.75 Td (treatment ) Tj ET Q q 0 0 0 rg BT 521.69 606.75 Td (processes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.75 Td (gasification, ) Tj ET Q q 0 0 0 rg BT 100.65 594.75 Td (and ) Tj ET Q q 0 0 0 rg BT 117.10 594.75 Td (combustion ) Tj ET Q q 0 0 0 rg BT 165.76 594.75 Td (controls. ) Tj ET Q q 0 0 0 rg BT 202.34 594.75 Td (W) Tj ET Q q 0 0 0 rg BT 210.98 594.75 Td (e ) Tj ET Q q 0 0 0 rg BT 217.42 594.75 Td (have ) Tj ET Q q 0 0 0 rg BT 238.30 594.75 Td (advanced ) Tj ET Q q 0 0 0 rg BT 278.06 594.75 Td (our ) Tj ET Q q 0 0 0 rg BT 293.39 594.75 Td (research ) Tj ET Q q 0 0 0 rg BT 328.70 594.75 Td (and ) Tj ET Q q 0 0 0 rg BT 345.14 594.75 Td (development ) Tj ET Q q 0 0 0 rg BT 398.79 594.75 Td (ef) Tj ET Q q 0 0 0 rg BT 406.38 594.75 Td (forts ) Tj ET Q q 0 0 0 rg BT 426.72 594.75 Td (in ) Tj ET Q q 0 0 0 rg BT 436.50 594.75 Td (these ) Tj ET Q q 0 0 0 rg BT 459.05 594.75 Td (areas, ) Tj ET Q q 0 0 0 rg BT 484.09 594.75 Td (and ) Tj ET Q q 0 0 0 rg BT 500.53 594.75 Td (have ) Tj ET Q q 0 0 0 rg BT 521.41 594.75 Td (developed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (new ) Tj ET Q q 0 0 0 rg BT 68.24 582.75 Td (and ) Tj ET Q q 0 0 0 rg BT 84.75 582.75 Td (cost-ef) Tj ET Q q 0 0 0 rg BT 111.78 582.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 141.06 582.75 Td (technologies ) Tj ET Q q 0 0 0 rg BT 193.68 582.75 Td (that ) Tj ET Q q 0 0 0 rg BT 210.75 582.75 Td (represented ) Tj ET Q q 0 0 0 rg BT 258.91 582.75 Td (major ) Tj ET Q q 0 0 0 rg BT 284.32 582.75 Td (advances ) Tj ET Q q 0 0 0 rg BT 323.04 582.75 Td (in ) Tj ET Q q 0 0 0 rg BT 332.90 582.75 Td (controlling ) Tj ET Q q 0 0 0 rg BT 378.86 582.75 Td (NO) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 582.75 Td (x) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.30 582.75 Td ( ) Tj ET Q q 0 0 0 rg BT 399.38 582.75 Td (emissions. ) Tj ET Q q 0 0 0 rg BT 443.25 582.75 Td (These ) Tj ET Q q 0 0 0 rg BT 469.21 582.75 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 524.33 582.75 Td (for ) Tj ET Q q 0 0 0 rg BT 538.06 582.75 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.75 Td (patents ) Tj ET Q q 0 0 0 rg BT 80.94 570.75 Td (have ) Tj ET Q q 0 0 0 rg BT 102.94 570.75 Td (been ) Tj ET Q q 0 0 0 rg BT 124.93 570.75 Td (granted, ) Tj ET Q q 0 0 0 rg BT 160.53 570.75 Td (have ) Tj ET Q q 0 0 0 rg BT 182.52 570.75 Td (been ) Tj ET Q q 0 0 0 rg BT 204.52 570.75 Td (tested ) Tj ET Q q 0 0 0 rg BT 230.96 570.75 Td (at ) Tj ET Q q 0 0 0 rg BT 241.29 570.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 276.08 570.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 313.62 570.75 Td (and ) Tj ET Q q 0 0 0 rg BT 331.18 570.75 Td (we ) Tj ET Q q 0 0 0 rg BT 345.95 570.75 Td (are ) Tj ET Q q 0 0 0 rg BT 361.28 570.75 Td (now ) Tj ET Q q 0 0 0 rg BT 381.62 570.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 422.50 570.75 Td (and/or ) Tj ET Q q 0 0 0 rg BT 451.16 570.75 Td (installing ) Tj ET Q q 0 0 0 rg BT 491.50 570.75 Td (such ) Tj ET Q q 0 0 0 rg BT 512.94 570.75 Td (systems ) Tj ET Q q 0 0 0 rg BT 547.73 570.75 Td (at ) Tj ET Q q 0 0 0 rg BT 558.06 570.75 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.75 Td (number ) Tj ET Q q 0 0 0 rg BT 82.43 558.75 Td (of ) Tj ET Q q 0 0 0 rg BT 93.14 558.75 Td (our ) Tj ET Q q 0 0 0 rg BT 108.85 558.75 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 147.99 558.75 Td (W) Tj ET Q q 0 0 0 rg BT 156.62 558.75 Td (e ) Tj ET Q q 0 0 0 rg BT 163.44 558.75 Td (intend ) Tj ET Q q 0 0 0 rg BT 190.82 558.75 Td (to ) Tj ET Q q 0 0 0 rg BT 200.98 558.75 Td (maintain ) Tj ET Q q 0 0 0 rg BT 238.35 558.75 Td (a ) Tj ET Q q 0 0 0 rg BT 245.17 558.75 Td (focus ) Tj ET Q q 0 0 0 rg BT 269.21 558.75 Td (on ) Tj ET Q q 0 0 0 rg BT 281.59 558.75 Td (research ) Tj ET Q q 0 0 0 rg BT 317.27 558.75 Td (and ) Tj ET Q q 0 0 0 rg BT 334.09 558.75 Td (development ) Tj ET Q q 0 0 0 rg BT 388.12 558.75 Td (of ) Tj ET Q q 0 0 0 rg BT 398.83 558.75 Td (technologies ) Tj ET Q q 0 0 0 rg BT 451.75 558.75 Td (in ) Tj ET Q q 0 0 0 rg BT 461.91 558.75 Td (these ) Tj ET Q q 0 0 0 rg BT 484.84 558.75 Td (and ) Tj ET Q q 0 0 0 rg BT 501.66 558.75 Td (other ) Tj ET Q q 0 0 0 rg BT 524.59 558.75 Td (areas ) Tj ET Q q 0 0 0 rg BT 547.50 558.75 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.75 Td (we ) Tj ET Q q 0 0 0 rg BT 63.81 546.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 95.33 546.75 Td (will ) Tj ET Q q 0 0 0 rg BT 113.54 546.75 Td (enhance ) Tj ET Q q 0 0 0 rg BT 148.94 546.75 Td (our ) Tj ET Q q 0 0 0 rg BT 164.92 546.75 Td (competitive ) Tj ET Q q 0 0 0 rg BT 214.77 546.75 Td (position, ) Tj ET Q q 0 0 0 rg BT 252.15 546.75 Td (and ) Tj ET Q q 0 0 0 rg BT 269.24 546.75 Td (of) Tj ET Q q 0 0 0 rg BT 277.39 546.75 Td (fer ) Tj ET Q q 0 0 0 rg BT 291.13 546.75 Td (new ) Tj ET Q q 0 0 0 rg BT 310.44 546.75 Td (technical ) Tj ET Q q 0 0 0 rg BT 349.18 546.75 Td (solutions ) Tj ET Q q 0 0 0 rg BT 387.95 546.75 Td (to ) Tj ET Q q 0 0 0 rg BT 398.37 546.75 Td (waste ) Tj ET Q q 0 0 0 rg BT 423.79 546.75 Td (and ) Tj ET Q q 0 0 0 rg BT 440.88 546.75 Td (ener) Tj ET Q q 0 0 0 rg BT 457.91 546.75 Td (gy ) Tj ET Q q 0 0 0 rg BT 470.55 546.75 Td (problems ) Tj ET Q q 0 0 0 rg BT 510.42 546.75 Td (that ) Tj ET Q q 0 0 0 rg BT 528.06 546.75 Td (augment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.75 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 534.75 Td (complement ) Tj ET Q q 0 0 0 rg BT 118.37 534.75 Td (our ) Tj ET Q q 0 0 0 rg BT 134.20 534.75 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 516.75 Td (A) Tj ET Q q 0 0 0 rg BT 65.17 516.75 Td ( ) Tj ET Q q 0 0 0 rg BT 67.71 516.75 Td (number ) Tj ET Q q 0 0 0 rg BT 100.80 516.75 Td (of ) Tj ET Q q 0 0 0 rg BT 111.68 516.75 Td (other ) Tj ET Q q 0 0 0 rg BT 134.77 516.75 Td (companies ) Tj ET Q q 0 0 0 rg BT 180.08 516.75 Td (are ) Tj ET Q q 0 0 0 rg BT 194.83 516.75 Td (similarly ) Tj ET Q q 0 0 0 rg BT 232.92 516.75 Td (engaged ) Tj ET Q q 0 0 0 rg BT 268.78 516.75 Td (in ) Tj ET Q q 0 0 0 rg BT 279.11 516.75 Td (new ) Tj ET Q q 0 0 0 rg BT 298.31 516.75 Td (technology ) Tj ET Q q 0 0 0 rg BT 345.29 516.75 Td (development ) Tj ET Q q 0 0 0 rg BT 399.48 516.75 Td (focused ) Tj ET Q q 0 0 0 rg BT 433.12 516.75 Td (on ) Tj ET Q q 0 0 0 rg BT 445.67 516.75 Td (extracting ) Tj ET Q q 0 0 0 rg BT 488.19 516.75 Td (ener) Tj ET Q q 0 0 0 rg BT 505.22 516.75 Td (gy ) Tj ET Q q 0 0 0 rg BT 517.76 516.75 Td (from ) Tj ET Q q 0 0 0 rg BT 539.75 516.75 Td (waste ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 504.75 Td (materials ) Tj ET Q q 0 0 0 rg BT 89.27 504.75 Td (through ) Tj ET Q q 0 0 0 rg BT 123.50 504.75 Td (a ) Tj ET Q q 0 0 0 rg BT 131.06 504.75 Td (variety ) Tj ET Q q 0 0 0 rg BT 161.95 504.75 Td (of ) Tj ET Q q 0 0 0 rg BT 173.40 504.75 Td (technical ) Tj ET Q q 0 0 0 rg BT 212.61 504.75 Td (approaches, ) Tj ET Q q 0 0 0 rg BT 263.21 504.75 Td (including: ) Tj ET Q q 0 0 0 rg BT 306.88 504.75 Td (gasification, ) Tj ET Q q 0 0 0 rg BT 359.15 504.75 Td (pyrolysis ) Tj ET Q q 0 0 0 rg BT 398.94 504.75 Td (or ) Tj ET Q q 0 0 0 rg BT 410.40 504.75 Td (other ) Tj ET Q q 0 0 0 rg BT 434.06 504.75 Td (combustion ) Tj ET Q q 0 0 0 rg BT 483.85 504.75 Td (designs; ) Tj ET Q q 0 0 0 rg BT 519.75 504.75 Td (converting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 492.75 Td (waste ) Tj ET Q q 0 0 0 rg BT 75.19 492.75 Td (to ) Tj ET Q q 0 0 0 rg BT 85.89 492.75 Td (fuels ) Tj ET Q q 0 0 0 rg BT 108.25 492.75 Td (or ) Tj ET Q q 0 0 0 rg BT 119.50 492.75 Td (other ) Tj ET Q q 0 0 0 rg BT 142.97 492.75 Td (commodities; ) Tj ET Q q 0 0 0 rg BT 200.33 492.75 Td (or ) Tj ET Q q 0 0 0 rg BT 211.59 492.75 Td (processing ) Tj ET Q q 0 0 0 rg BT 257.28 492.75 Td (waste ) Tj ET Q q 0 0 0 rg BT 282.97 492.75 Td (to ) Tj ET Q q 0 0 0 rg BT 293.67 492.75 Td (enable ) Tj ET Q q 0 0 0 rg BT 322.69 492.75 Td (co-firing ) Tj ET Q q 0 0 0 rg BT 360.59 492.75 Td (in ) Tj ET Q q 0 0 0 rg BT 371.29 492.75 Td (lar) Tj ET Q q 0 0 0 rg BT 381.66 492.75 Td (ger ) Tj ET Q q 0 0 0 rg BT 397.35 492.75 Td (power ) Tj ET Q q 0 0 0 rg BT 425.26 492.75 Td (plants ) Tj ET Q q 0 0 0 rg BT 452.07 492.75 Td (or ) Tj ET Q q 0 0 0 rg BT 463.33 492.75 Td (industrial ) Tj ET Q q 0 0 0 rg BT 504.02 492.75 Td (boilers. ) Tj ET Q q 0 0 0 rg BT 539.16 492.75 Td (Firms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 480.75 Td (engaged ) Tj ET Q q 0 0 0 rg BT 85.68 480.75 Td (in ) Tj ET Q q 0 0 0 rg BT 96.32 480.75 Td (these ) Tj ET Q q 0 0 0 rg BT 119.72 480.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 158.68 480.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 198.75 480.75 Td (are ) Tj ET Q q 0 0 0 rg BT 213.82 480.75 Td (less ) Tj ET Q q 0 0 0 rg BT 231.68 480.75 Td (well-capitalized ) Tj ET Q q 0 0 0 rg BT 298.39 480.75 Td (than ) Tj ET Q q 0 0 0 rg BT 318.47 480.75 Td (Covanta, ) Tj ET Q q 0 0 0 rg BT 357.16 480.75 Td (although ) Tj ET Q q 0 0 0 rg BT 395.01 480.75 Td (some ) Tj ET Q q 0 0 0 rg BT 418.98 480.75 Td (engage ) Tj ET Q q 0 0 0 rg BT 450.16 480.75 Td (in ) Tj ET Q q 0 0 0 rg BT 460.80 480.75 Td (joint ) Tj ET Q q 0 0 0 rg BT 482.00 480.75 Td (ventures ) Tj ET Q q 0 0 0 rg BT 518.73 480.75 Td (with ) Tj ET Q q 0 0 0 rg BT 539.37 480.75 Td (lar) Tj ET Q q 0 0 0 rg BT 549.74 480.75 Td (ger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 468.75 Td (and ) Tj ET Q q 0 0 0 rg BT 66.92 468.75 Td (more ) Tj ET Q q 0 0 0 rg BT 90.45 468.75 Td (well-capitalized ) Tj ET Q q 0 0 0 rg BT 157.28 468.75 Td (companies.) Tj ET Q q 0 0 0 rg BT 204.86 468.75 Td (T) Tj ET Q q 0 0 0 rg BT 210.27 468.75 Td (o ) Tj ET Q q 0 0 0 rg BT 218.25 468.75 Td (date, ) Tj ET Q q 0 0 0 rg BT 240.39 468.75 Td (we ) Tj ET Q q 0 0 0 rg BT 255.03 468.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 286.89 468.75 Td (such ) Tj ET Q q 0 0 0 rg BT 308.20 468.75 Td (ef) Tj ET Q q 0 0 0 rg BT 315.78 468.75 Td (forts ) Tj ET Q q 0 0 0 rg BT 337.10 468.75 Td (have ) Tj ET Q q 0 0 0 rg BT 358.95 468.75 Td (not ) Tj ET Q q 0 0 0 rg BT 374.71 468.75 Td (produced ) Tj ET Q q 0 0 0 rg BT 414.90 468.75 Td (technologies ) Tj ET Q q 0 0 0 rg BT 468.42 468.75 Td (that ) Tj ET Q q 0 0 0 rg BT 486.40 468.75 Td (of) Tj ET Q q 0 0 0 rg BT 494.55 468.75 Td (fer ) Tj ET Q q 0 0 0 rg BT 508.63 468.75 Td (economically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 455.55 Td (attractive ) Tj ET Q q 0 0 0 rg BT 89.20 455.55 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 137.79 455.55 Td (in ) Tj ET Q q 0 0 0 rg BT 148.06 455.55 Td (the ) Tj ET Q q 0 0 0 rg BT 162.78 455.55 Td (absence ) Tj ET Q q 0 0 0 rg BT 196.93 455.55 Td (of ) Tj ET Q q 0 0 0 rg BT 207.76 455.55 Td (policy ) Tj ET Q q 0 0 0 rg BT 235.25 455.55 Td (support. ) Tj ET Q q 0 0 0 rg BT 270.25 455.55 Td () Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.3333333333333333 0.5568627450980392 0.8352941176470589 rg BT 272.75 455.55 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 238.75 437.55 Td (REGULA) Tj ET Q q 0 0 0 rg BT 280.79 437.55 Td (TIONOF) Tj ET Q q 0 0 0 rg BT 322.37 437.55 Td ( BUSINESS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 419.55 Td (Regulations ) Tj ET Q q 0 0 0 rg BT 102.01 419.55 Td (Affecting ) Tj ET Q q 0 0 0 rg BT 143.94 419.55 Td (Our) Tj ET Q q 0 0 0 rg BT 161.54 419.55 Td ( ) Tj ET Q q 0 0 0 rg BT 164.04 419.55 Td (North ) Tj ET Q q 0 0 0 rg BT 191.54 419.55 Td (America ) Tj ET Q q 0 0 0 rg BT 230.68 419.55 Td (Segment) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 58.50 401.55 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 123.24 401.55 Td (Regulations ) Tj ET Q q 0 0 0 rg BT 187.69 401.55 Td (General) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 383.55 Td (Our ) Tj ET Q q 0 0 0 rg BT 76.94 383.55 Td (business ) Tj ET Q q 0 0 0 rg BT 113.73 383.55 Td (activities ) Tj ET Q q 0 0 0 rg BT 152.72 383.55 Td (in ) Tj ET Q q 0 0 0 rg BT 163.39 383.55 Td (the ) Tj ET Q q 0 0 0 rg BT 178.50 383.55 Td (United ) Tj ET Q q 0 0 0 rg BT 208.61 383.55 Td (States ) Tj ET Q q 0 0 0 rg BT 235.39 383.55 Td (are ) Tj ET Q q 0 0 0 rg BT 250.48 383.55 Td (extensively ) Tj ET Q q 0 0 0 rg BT 298.92 383.55 Td (regulated ) Tj ET Q q 0 0 0 rg BT 339.01 383.55 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 376.34 383.55 Td (to ) Tj ET Q q 0 0 0 rg BT 387.01 383.55 Td (federal, ) Tj ET Q q 0 0 0 rg BT 420.16 383.55 Td (state ) Tj ET Q q 0 0 0 rg BT 441.38 383.55 Td (and ) Tj ET Q q 0 0 0 rg BT 458.71 383.55 Td (local ) Tj ET Q q 0 0 0 rg BT 481.03 383.55 Td (environmental ) Tj ET Q q 0 0 0 rg BT 541.68 383.55 Td (laws. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.55 Td (Federal ) Tj ET Q q 0 0 0 rg BT 82.20 371.55 Td (laws, ) Tj ET Q q 0 0 0 rg BT 105.74 371.55 Td (such ) Tj ET Q q 0 0 0 rg BT 126.79 371.55 Td (as ) Tj ET Q q 0 0 0 rg BT 137.83 371.55 Td (the ) Tj ET Q q 0 0 0 rg BT 152.76 371.55 Td (Clean ) Tj ET Q q 0 0 0 rg BT 178.20 371.55 Td (Air ) Tj ET Q q 0 0 0 rg BT 193.65 371.55 Td (Act ) Tj ET Q q 0 0 0 rg BT 210.80 371.55 Td (and ) Tj ET Q q 0 0 0 rg BT 227.95 371.55 Td (Clean ) Tj ET Q q 0 0 0 rg BT 253.79 371.55 Td (W) Tj ET Q q 0 0 0 rg BT 262.43 371.55 Td (ater ) Tj ET Q q 0 0 0 rg BT 279.53 371.55 Td (Act, ) Tj ET Q q 0 0 0 rg BT 299.18 371.55 Td (and ) Tj ET Q q 0 0 0 rg BT 316.34 371.55 Td (their ) Tj ET Q q 0 0 0 rg BT 337.38 371.55 Td (state ) Tj ET Q q 0 0 0 rg BT 358.41 371.55 Td (counterparts, ) Tj ET Q q 0 0 0 rg BT 413.05 371.55 Td (govern ) Tj ET Q q 0 0 0 rg BT 443.53 371.55 Td (dischar) Tj ET Q q 0 0 0 rg BT 472.23 371.55 Td (ges ) Tj ET Q q 0 0 0 rg BT 488.27 371.55 Td (of ) Tj ET Q q 0 0 0 rg BT 499.32 371.55 Td (pollutants ) Tj ET Q q 0 0 0 rg BT 541.48 371.55 Td (to ) Tj ET Q q 0 0 0 rg BT 551.97 371.55 Td (air ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 359.55 Td (and ) Tj ET Q q 0 0 0 rg BT 65.41 359.55 Td (water) Tj ET Q q 0 0 0 rg BT 87.06 359.55 Td (. ) Tj ET Q q 0 0 0 rg BT 91.03 359.55 Td (Other ) Tj ET Q q 0 0 0 rg BT 115.26 359.55 Td (federal, ) Tj ET Q q 0 0 0 rg BT 146.99 359.55 Td (state ) Tj ET Q q 0 0 0 rg BT 166.78 359.55 Td (and ) Tj ET Q q 0 0 0 rg BT 182.68 359.55 Td (local ) Tj ET Q q 0 0 0 rg BT 203.58 359.55 Td (laws ) Tj ET Q q 0 0 0 rg BT 223.38 359.55 Td (comprehensively ) Tj ET Q q 0 0 0 rg BT 293.16 359.55 Td (govern ) Tj ET Q q 0 0 0 rg BT 322.40 359.55 Td (the ) Tj ET Q q 0 0 0 rg BT 336.08 359.55 Td (generation, ) Tj ET Q q 0 0 0 rg BT 382.25 359.55 Td (transportation, ) Tj ET Q q 0 0 0 rg BT 441.76 359.55 Td (storage, ) Tj ET Q q 0 0 0 rg BT 474.60 359.55 Td (treatment ) Tj ET Q q 0 0 0 rg BT 513.83 359.55 Td (and ) Tj ET Q q 0 0 0 rg BT 529.73 359.55 Td (disposal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 347.55 Td (of ) Tj ET Q q 0 0 0 rg BT 61.10 347.55 Td (solid ) Tj ET Q q 0 0 0 rg BT 83.81 347.55 Td (and ) Tj ET Q q 0 0 0 rg BT 101.51 347.55 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 145.32 347.55 Td (waste ) Tj ET Q q 0 0 0 rg BT 171.35 347.55 Td (and ) Tj ET Q q 0 0 0 rg BT 189.05 347.55 Td (also ) Tj ET Q q 0 0 0 rg BT 208.43 347.55 Td (regulate ) Tj ET Q q 0 0 0 rg BT 243.90 347.55 Td (the ) Tj ET Q q 0 0 0 rg BT 259.38 347.55 Td (storage ) Tj ET Q q 0 0 0 rg BT 291.52 347.55 Td (and ) Tj ET Q q 0 0 0 rg BT 309.23 347.55 Td (handling ) Tj ET Q q 0 0 0 rg BT 347.49 347.55 Td (of ) Tj ET Q q 0 0 0 rg BT 359.08 347.55 Td (chemicals ) Tj ET Q q 0 0 0 rg BT 402.33 347.55 Td (and ) Tj ET Q q 0 0 0 rg BT 420.03 347.55 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 463.84 347.55 Td (products ) Tj ET Q q 0 0 0 rg BT 501.54 347.55 Td (\(such ) Tj ET Q q 0 0 0 rg BT 526.47 347.55 Td (laws ) Tj ET Q q 0 0 0 rg BT 548.07 347.55 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 335.55 Td (regulations ) Tj ET Q q 0 0 0 rg BT 96.43 335.55 Td (are ) Tj ET Q q 0 0 0 rg BT 111.14 335.55 Td (referred ) Tj ET Q q 0 0 0 rg BT 145.28 335.55 Td (to ) Tj ET Q q 0 0 0 rg BT 155.55 335.55 Td (collectively ) Tj ET Q q 0 0 0 rg BT 204.70 335.55 Td (as ) Tj ET Q q 0 0 0 rg BT 215.53 335.55 Td (the ) Tj ET Q q 0 0 0 rg BT 230.25 335.55 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 296.61 335.55 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 343.55 335.55 Td (Laws\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 317.55 Td (Other ) Tj ET Q q 0 0 0 rg BT 85.16 317.55 Td (federal, ) Tj ET Q q 0 0 0 rg BT 119.30 317.55 Td (state ) Tj ET Q q 0 0 0 rg BT 141.51 317.55 Td (and ) Tj ET Q q 0 0 0 rg BT 159.84 317.55 Td (local ) Tj ET Q q 0 0 0 rg BT 183.16 317.55 Td (laws, ) Tj ET Q q 0 0 0 rg BT 207.88 317.55 Td (such ) Tj ET Q q 0 0 0 rg BT 230.10 317.55 Td (as ) Tj ET Q q 0 0 0 rg BT 242.32 317.55 Td (the ) Tj ET Q q 0 0 0 rg BT 258.42 317.55 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 325.07 317.55 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 388.39 317.55 Td (Response ) Tj ET Q q 0 0 0 rg BT 430.61 317.55 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 492.27 317.55 Td (and ) Tj ET Q q 0 0 0 rg BT 510.60 317.55 Td (Liability ) Tj ET Q q 0 0 0 rg BT 548.06 317.55 Td (Act ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.55 Td (\(commonly ) Tj ET Q q 0 0 0 rg BT 98.27 305.55 Td (known ) Tj ET Q q 0 0 0 rg BT 128.15 305.55 Td (as ) Tj ET Q q 0 0 0 rg BT 139.14 305.55 Td (CERCLA ) Tj ET Q q 0 0 0 rg BT 190.13 305.55 Td (and ) Tj ET Q q 0 0 0 rg BT 207.23 305.55 Td (collectively ) Tj ET Q q 0 0 0 rg BT 256.54 305.55 Td (referred ) Tj ET Q q 0 0 0 rg BT 290.84 305.55 Td (to ) Tj ET Q q 0 0 0 rg BT 301.28 305.55 Td (with ) Tj ET Q q 0 0 0 rg BT 321.72 305.55 Td (such ) Tj ET Q q 0 0 0 rg BT 342.71 305.55 Td (other ) Tj ET Q q 0 0 0 rg BT 365.92 305.55 Td (laws ) Tj ET Q q 0 0 0 rg BT 386.92 305.55 Td (as ) Tj ET Q q 0 0 0 rg BT 397.91 305.55 Td (the ) Tj ET Q q 0 0 0 rg BT 412.79 305.55 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 479.32 305.55 Td (Remediation ) Tj ET Q q 0 0 0 rg BT 533.08 305.55 Td (Laws\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.55 Td (make ) Tj ET Q q 0 0 0 rg BT 72.71 293.55 Td (us ) Tj ET Q q 0 0 0 rg BT 83.16 293.55 Td (potentially ) Tj ET Q q 0 0 0 rg BT 127.49 293.55 Td (liable ) Tj ET Q q 0 0 0 rg BT 151.25 293.55 Td (on ) Tj ET Q q 0 0 0 rg BT 162.81 293.55 Td (a ) Tj ET Q q 0 0 0 rg BT 168.81 293.55 Td (joint ) Tj ET Q q 0 0 0 rg BT 188.70 293.55 Td (and ) Tj ET Q q 0 0 0 rg BT 204.69 293.55 Td (several ) Tj ET Q q 0 0 0 rg BT 234.56 293.55 Td (basis ) Tj ET Q q 0 0 0 rg BT 256.12 293.55 Td (for ) Tj ET Q q 0 0 0 rg BT 269.34 293.55 Td (any ) Tj ET Q q 0 0 0 rg BT 285.33 293.55 Td (onsite ) Tj ET Q q 0 0 0 rg BT 310.78 293.55 Td (or ) Tj ET Q q 0 0 0 rg BT 320.66 293.55 Td (of) Tj ET Q q 0 0 0 rg BT 328.81 293.55 Td (fsite ) Tj ET Q q 0 0 0 rg BT 347.59 293.55 Td (environmental ) Tj ET Q q 0 0 0 rg BT 406.90 293.55 Td (contamination ) Tj ET Q q 0 0 0 rg BT 465.67 293.55 Td (which ) Tj ET Q q 0 0 0 rg BT 491.66 293.55 Td (may ) Tj ET Q q 0 0 0 rg BT 510.43 293.55 Td (be ) Tj ET Q q 0 0 0 rg BT 521.43 293.55 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.55 Td (with ) Tj ET Q q 0 0 0 rg BT 69.69 281.55 Td (our ) Tj ET Q q 0 0 0 rg BT 85.43 281.55 Td (activities ) Tj ET Q q 0 0 0 rg BT 123.94 281.55 Td (and ) Tj ET Q q 0 0 0 rg BT 140.79 281.55 Td (the ) Tj ET Q q 0 0 0 rg BT 155.42 281.55 Td (activities ) Tj ET Q q 0 0 0 rg BT 193.93 281.55 Td (at ) Tj ET Q q 0 0 0 rg BT 203.56 281.55 Td (our ) Tj ET Q q 0 0 0 rg BT 219.30 281.55 Td (sites. ) Tj ET Q q 0 0 0 rg BT 241.82 281.55 Td (These ) Tj ET Q q 0 0 0 rg BT 268.11 281.55 Td (include ) Tj ET Q q 0 0 0 rg BT 299.96 281.55 Td (landfills ) Tj ET Q q 0 0 0 rg BT 335.14 281.55 Td (we ) Tj ET Q q 0 0 0 rg BT 349.21 281.55 Td (have ) Tj ET Q q 0 0 0 rg BT 370.50 281.55 Td (owned, ) Tj ET Q q 0 0 0 rg BT 402.07 281.55 Td (operated ) Tj ET Q q 0 0 0 rg BT 438.91 281.55 Td (or ) Tj ET Q q 0 0 0 rg BT 449.65 281.55 Td (leased, ) Tj ET Q q 0 0 0 rg BT 479.55 281.55 Td (or ) Tj ET Q q 0 0 0 rg BT 490.29 281.55 Td (at ) Tj ET Q q 0 0 0 rg BT 499.92 281.55 Td (which ) Tj ET Q q 0 0 0 rg BT 526.77 281.55 Td (there ) Tj ET Q q 0 0 0 rg BT 549.17 281.55 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.55 Td (been ) Tj ET Q q 0 0 0 rg BT 71.04 269.55 Td (disposal ) Tj ET Q q 0 0 0 rg BT 106.47 269.55 Td (of ) Tj ET Q q 0 0 0 rg BT 117.46 269.55 Td (residue ) Tj ET Q q 0 0 0 rg BT 149.00 269.55 Td (or ) Tj ET Q q 0 0 0 rg BT 159.99 269.55 Td (other ) Tj ET Q q 0 0 0 rg BT 183.19 269.55 Td (waste ) Tj ET Q q 0 0 0 rg BT 208.62 269.55 Td (generated, ) Tj ET Q q 0 0 0 rg BT 252.64 269.55 Td (handled ) Tj ET Q q 0 0 0 rg BT 286.95 269.55 Td (or ) Tj ET Q q 0 0 0 rg BT 297.94 269.55 Td (processed ) Tj ET Q q 0 0 0 rg BT 340.03 269.55 Td (by ) Tj ET Q q 0 0 0 rg BT 352.69 269.55 Td (our ) Tj ET Q q 0 0 0 rg BT 368.68 269.55 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 408.26 269.55 Td (Some ) Tj ET Q q 0 0 0 rg BT 433.70 269.55 Td (state ) Tj ET Q q 0 0 0 rg BT 454.69 269.55 Td (and ) Tj ET Q q 0 0 0 rg BT 471.78 269.55 Td (local ) Tj ET Q q 0 0 0 rg BT 493.88 269.55 Td (laws ) Tj ET Q q 0 0 0 rg BT 514.86 269.55 Td (also ) Tj ET Q q 0 0 0 rg BT 533.63 269.55 Td (impose ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.55 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 88.58 257.55 Td (for ) Tj ET Q q 0 0 0 rg BT 102.11 257.55 Td (injury ) Tj ET Q q 0 0 0 rg BT 127.87 257.55 Td (to ) Tj ET Q q 0 0 0 rg BT 137.51 257.55 Td (persons ) Tj ET Q q 0 0 0 rg BT 169.93 257.55 Td (or ) Tj ET Q q 0 0 0 rg BT 180.13 257.55 Td (property ) Tj ET Q q 0 0 0 rg BT 215.87 257.55 Td (caused ) Tj ET Q q 0 0 0 rg BT 244.95 257.55 Td (by ) Tj ET Q q 0 0 0 rg BT 256.82 257.55 Td (site ) Tj ET Q q 0 0 0 rg BT 272.57 257.55 Td (contamination. ) Tj ET Q q 0 0 0 rg BT 334.15 257.55 Td (Some ) Tj ET Q q 0 0 0 rg BT 358.79 257.55 Td (service ) Tj ET Q q 0 0 0 rg BT 388.98 257.55 Td (agreements ) Tj ET Q q 0 0 0 rg BT 436.38 257.55 Td (provide ) Tj ET Q q 0 0 0 rg BT 468.79 257.55 Td (us ) Tj ET Q q 0 0 0 rg BT 479.55 257.55 Td (with ) Tj ET Q q 0 0 0 rg BT 499.19 257.55 Td (indemnification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.55 Td (from ) Tj ET Q q 0 0 0 rg BT 71.44 245.55 Td (certain ) Tj ET Q q 0 0 0 rg BT 101.14 245.55 Td (liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 227.55 Td (The ) Tj ET Q q 0 0 0 rg BT 76.21 227.55 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 137.80 227.55 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 184.40 227.55 Td (Laws ) Tj ET Q q 0 0 0 rg BT 208.22 227.55 Td (prohibit ) Tj ET Q q 0 0 0 rg BT 242.04 227.55 Td (disposal ) Tj ET Q q 0 0 0 rg BT 276.99 227.55 Td (of ) Tj ET Q q 0 0 0 rg BT 287.48 227.55 Td (regulated ) Tj ET Q q 0 0 0 rg BT 326.84 227.55 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 369.54 227.55 Td (waste ) Tj ET Q q 0 0 0 rg BT 394.47 227.55 Td (at ) Tj ET Q q 0 0 0 rg BT 403.85 227.55 Td (our ) Tj ET Q q 0 0 0 rg BT 419.34 227.55 Td (municipal ) Tj ET Q q 0 0 0 rg BT 461.50 227.55 Td (solid ) Tj ET Q q 0 0 0 rg BT 483.11 227.55 Td (waste ) Tj ET Q q 0 0 0 rg BT 508.04 227.55 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 546.97 227.55 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 215.55 Td (service ) Tj ET Q q 0 0 0 rg BT 80.07 215.55 Td (agreements ) Tj ET Q q 0 0 0 rg BT 127.85 215.55 Td (recognize ) Tj ET Q q 0 0 0 rg BT 168.96 215.55 Td (the ) Tj ET Q q 0 0 0 rg BT 183.43 215.55 Td (potential ) Tj ET Q q 0 0 0 rg BT 220.67 215.55 Td (for ) Tj ET Q q 0 0 0 rg BT 234.58 215.55 Td (inadvertent ) Tj ET Q q 0 0 0 rg BT 281.81 215.55 Td (and ) Tj ET Q q 0 0 0 rg BT 298.50 215.55 Td (improper ) Tj ET Q q 0 0 0 rg BT 337.40 215.55 Td (deliveries ) Tj ET Q q 0 0 0 rg BT 378.52 215.55 Td (of ) Tj ET Q q 0 0 0 rg BT 389.10 215.55 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 431.89 215.55 Td (waste ) Tj ET Q q 0 0 0 rg BT 456.91 215.55 Td (and ) Tj ET Q q 0 0 0 rg BT 473.60 215.55 Td (specify ) Tj ET Q q 0 0 0 rg BT 504.72 215.55 Td (procedures ) Tj ET Q q 0 0 0 rg BT 550.84 215.55 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 203.55 Td (dealing ) Tj ET Q q 0 0 0 rg BT 81.91 203.55 Td (with ) Tj ET Q q 0 0 0 rg BT 102.67 203.55 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 146.19 203.55 Td (waste ) Tj ET Q q 0 0 0 rg BT 171.94 203.55 Td (that ) Tj ET Q q 0 0 0 rg BT 189.91 203.55 Td (is ) Tj ET Q q 0 0 0 rg BT 199.56 203.55 Td (delivered ) Tj ET Q q 0 0 0 rg BT 239.74 203.55 Td (to ) Tj ET Q q 0 0 0 rg BT 250.50 203.55 Td (a ) Tj ET Q q 0 0 0 rg BT 257.92 203.55 Td (facility) Tj ET Q q 0 0 0 rg BT 285.59 203.55 Td (. ) Tj ET Q q 0 0 0 rg BT 291.07 203.55 Td (Under ) Tj ET Q q 0 0 0 rg BT 319.04 203.55 Td (some ) Tj ET Q q 0 0 0 rg BT 343.13 203.55 Td (service ) Tj ET Q q 0 0 0 rg BT 374.43 203.55 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 425.44 203.55 Td (we ) Tj ET Q q 0 0 0 rg BT 440.08 203.55 Td (are ) Tj ET Q q 0 0 0 rg BT 455.27 203.55 Td (responsible ) Tj ET Q q 0 0 0 rg BT 503.79 203.55 Td (for ) Tj ET Q q 0 0 0 rg BT 518.43 203.55 Td (some ) Tj ET Q q 0 0 0 rg BT 542.52 203.55 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 191.55 Td (related ) Tj ET Q q 0 0 0 rg BT 79.20 191.55 Td (to ) Tj ET Q q 0 0 0 rg BT 89.48 191.55 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 132.52 191.55 Td (waste ) Tj ET Q q 0 0 0 rg BT 157.79 191.55 Td (deliveries. ) Tj ET Q q 0 0 0 rg BT 201.48 191.55 Td (W) Tj ET Q q 0 0 0 rg BT 210.12 191.55 Td (e ) Tj ET Q q 0 0 0 rg BT 217.05 191.55 Td (have ) Tj ET Q q 0 0 0 rg BT 238.43 191.55 Td (not ) Tj ET Q q 0 0 0 rg BT 253.71 191.55 Td (incurred ) Tj ET Q q 0 0 0 rg BT 289.52 191.55 Td (material ) Tj ET Q q 0 0 0 rg BT 324.78 191.55 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 367.82 191.55 Td (waste ) Tj ET Q q 0 0 0 rg BT 393.09 191.55 Td (disposal ) Tj ET Q q 0 0 0 rg BT 428.37 191.55 Td (costs ) Tj ET Q q 0 0 0 rg BT 450.87 191.55 Td (to ) Tj ET Q q 0 0 0 rg BT 461.15 191.55 Td (date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 173.55 Td (The ) Tj ET Q q 0 0 0 rg BT 76.18 173.55 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 137.75 173.55 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 184.32 173.55 Td (Laws ) Tj ET Q q 0 0 0 rg BT 208.11 173.55 Td (also ) Tj ET Q q 0 0 0 rg BT 226.36 173.55 Td (require ) Tj ET Q q 0 0 0 rg BT 256.81 173.55 Td (that ) Tj ET Q q 0 0 0 rg BT 273.94 173.55 Td (many ) Tj ET Q q 0 0 0 rg BT 298.29 173.55 Td (permits ) Tj ET Q q 0 0 0 rg BT 330.43 173.55 Td (be ) Tj ET Q q 0 0 0 rg BT 342.00 173.55 Td (obtained ) Tj ET Q q 0 0 0 rg BT 378.57 173.55 Td (before ) Tj ET Q q 0 0 0 rg BT 406.24 173.55 Td (the ) Tj ET Q q 0 0 0 rg BT 420.60 173.55 Td (commencement ) Tj ET Q q 0 0 0 rg BT 486.04 173.55 Td (of ) Tj ET Q q 0 0 0 rg BT 496.51 173.55 Td (construction ) Tj ET Q q 0 0 0 rg BT 548.08 173.55 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.55 Td (operation ) Tj ET Q q 0 0 0 rg BT 89.88 161.55 Td (of ) Tj ET Q q 0 0 0 rg BT 100.82 161.55 Td (any ) Tj ET Q q 0 0 0 rg BT 117.87 161.55 Td (waste ) Tj ET Q q 0 0 0 rg BT 143.25 161.55 Td (or ) Tj ET Q q 0 0 0 rg BT 154.19 161.55 Td (renewable ) Tj ET Q q 0 0 0 rg BT 197.88 161.55 Td (ener) Tj ET Q q 0 0 0 rg BT 214.91 161.55 Td (gy ) Tj ET Q q 0 0 0 rg BT 227.52 161.55 Td (project, ) Tj ET Q q 0 0 0 rg BT 260.40 161.55 Td (and ) Tj ET Q q 0 0 0 rg BT 277.45 161.55 Td (further ) Tj ET Q q 0 0 0 rg BT 307.26 161.55 Td (require ) Tj ET Q q 0 0 0 rg BT 338.19 161.55 Td (that ) Tj ET Q q 0 0 0 rg BT 355.80 161.55 Td (permits ) Tj ET Q q 0 0 0 rg BT 388.40 161.55 Td (be ) Tj ET Q q 0 0 0 rg BT 400.45 161.55 Td (maintained ) Tj ET Q q 0 0 0 rg BT 447.49 161.55 Td (throughout ) Tj ET Q q 0 0 0 rg BT 493.99 161.55 Td (the ) Tj ET Q q 0 0 0 rg BT 508.82 161.55 Td (operating ) Tj ET Q q 0 0 0 rg BT 549.19 161.55 Td (life ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.55 Td (of ) Tj ET Q q 0 0 0 rg BT 60.09 149.55 Td (the ) Tj ET Q q 0 0 0 rg BT 74.57 149.55 Td (facility) Tj ET Q q 0 0 0 rg BT 102.24 149.55 Td (. ) Tj ET Q q 0 0 0 rg BT 106.84 149.55 Td (W) Tj ET Q q 0 0 0 rg BT 115.48 149.55 Td (e ) Tj ET Q q 0 0 0 rg BT 122.18 149.55 Td (can ) Tj ET Q q 0 0 0 rg BT 138.32 149.55 Td (provide ) Tj ET Q q 0 0 0 rg BT 171.13 149.55 Td (no ) Tj ET Q q 0 0 0 rg BT 183.40 149.55 Td (assurance ) Tj ET Q q 0 0 0 rg BT 224.53 149.55 Td (that ) Tj ET Q q 0 0 0 rg BT 241.79 149.55 Td (all ) Tj ET Q q 0 0 0 rg BT 254.04 149.55 Td (required ) Tj ET Q q 0 0 0 rg BT 289.62 149.55 Td (permits ) Tj ET Q q 0 0 0 rg BT 321.88 149.55 Td (will ) Tj ET Q q 0 0 0 rg BT 339.70 149.55 Td (be ) Tj ET Q q 0 0 0 rg BT 351.40 149.55 Td (issued ) Tj ET Q q 0 0 0 rg BT 378.67 149.55 Td (or ) Tj ET Q q 0 0 0 rg BT 389.26 149.55 Td (re-issued, ) Tj ET Q q 0 0 0 rg BT 430.12 149.55 Td (and ) Tj ET Q q 0 0 0 rg BT 446.82 149.55 Td (the ) Tj ET Q q 0 0 0 rg BT 461.30 149.55 Td (process ) Tj ET Q q 0 0 0 rg BT 493.56 149.55 Td (of ) Tj ET Q q 0 0 0 rg BT 504.15 149.55 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 544.19 149.55 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.55 Td (permits ) Tj ET Q q 0 0 0 rg BT 82.26 137.55 Td (can ) Tj ET Q q 0 0 0 rg BT 98.91 137.55 Td (often ) Tj ET Q q 0 0 0 rg BT 122.22 137.55 Td (cause ) Tj ET Q q 0 0 0 rg BT 147.20 137.55 Td (lengthy ) Tj ET Q q 0 0 0 rg BT 179.96 137.55 Td (delays, ) Tj ET Q q 0 0 0 rg BT 210.77 137.55 Td (including ) Tj ET Q q 0 0 0 rg BT 251.31 137.55 Td (delays ) Tj ET Q q 0 0 0 rg BT 279.63 137.55 Td (caused ) Tj ET Q q 0 0 0 rg BT 309.60 137.55 Td (by ) Tj ET Q q 0 0 0 rg BT 322.37 137.55 Td (third-party ) Tj ET Q q 0 0 0 rg BT 367.90 137.55 Td (appeals ) Tj ET Q q 0 0 0 rg BT 400.66 137.55 Td (challenging ) Tj ET Q q 0 0 0 rg BT 450.07 137.55 Td (permit ) Tj ET Q q 0 0 0 rg BT 478.94 137.55 Td (issuance. ) Tj ET Q q 0 0 0 rg BT 518.09 137.55 Td (Our ) Tj ET Q q 0 0 0 rg BT 536.41 137.55 Td (failure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.55 Td (to ) Tj ET Q q 0 0 0 rg BT 59.52 125.55 Td (meet ) Tj ET Q q 0 0 0 rg BT 81.20 125.55 Td (conditions ) Tj ET Q q 0 0 0 rg BT 125.10 125.55 Td (of ) Tj ET Q q 0 0 0 rg BT 135.68 125.55 Td (these ) Tj ET Q q 0 0 0 rg BT 158.47 125.55 Td (permits ) Tj ET Q q 0 0 0 rg BT 190.71 125.55 Td (or ) Tj ET Q q 0 0 0 rg BT 201.28 125.55 Td (of ) Tj ET Q q 0 0 0 rg BT 211.85 125.55 Td (the ) Tj ET Q q 0 0 0 rg BT 226.31 125.55 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 287.98 125.55 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 334.66 125.55 Td (Laws ) Tj ET Q q 0 0 0 rg BT 358.56 125.55 Td (can ) Tj ET Q q 0 0 0 rg BT 374.68 125.55 Td (subject ) Tj ET Q q 0 0 0 rg BT 405.25 125.55 Td (us ) Tj ET Q q 0 0 0 rg BT 416.38 125.55 Td (to ) Tj ET Q q 0 0 0 rg BT 426.40 125.55 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 469.74 125.55 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 521.95 125.55 Td (actions ) Tj ET Q q 0 0 0 rg BT 552.52 125.55 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.55 Td (the ) Tj ET Q q 0 0 0 rg BT 63.87 113.55 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 111.55 113.55 Td (governmental ) Tj ET Q q 0 0 0 rg BT 168.67 113.55 Td (authority) Tj ET Q q 0 0 0 rg BT 204.13 113.55 Td (, ) Tj ET Q q 0 0 0 rg BT 208.78 113.55 Td (which ) Tj ET Q q 0 0 0 rg BT 235.36 113.55 Td (could ) Tj ET Q q 0 0 0 rg BT 259.73 113.55 Td (include ) Tj ET Q q 0 0 0 rg BT 291.31 113.55 Td (fines, ) Tj ET Q q 0 0 0 rg BT 315.40 113.55 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 355.59 113.55 Td (damages ) Tj ET Q q 0 0 0 rg BT 392.72 113.55 Td (or ) Tj ET Q q 0 0 0 rg BT 403.20 113.55 Td (other ) Tj ET Q q 0 0 0 rg BT 425.90 113.55 Td (sanctions, ) Tj ET Q q 0 0 0 rg BT 467.76 113.55 Td (such ) Tj ET Q q 0 0 0 rg BT 488.24 113.55 Td (as ) Tj ET Q q 0 0 0 rg BT 498.72 113.55 Td (orders ) Tj ET Q q 0 0 0 rg BT 525.86 113.55 Td (requiring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.55 Td (certain ) Tj ET Q q 0 0 0 rg BT 79.21 101.55 Td (remedial ) Tj ET Q q 0 0 0 rg BT 116.70 101.55 Td (actions ) Tj ET Q q 0 0 0 rg BT 147.54 101.55 Td (or ) Tj ET Q q 0 0 0 rg BT 158.38 101.55 Td (limiting ) Tj ET Q q 0 0 0 rg BT 192.56 101.55 Td (or ) Tj ET Q q 0 0 0 rg BT 203.40 101.55 Td (prohibiting ) Tj ET Q q 0 0 0 rg BT 250.35 101.55 Td (operation. ) Tj ET Q q 0 0 0 rg BT 293.12 101.55 Td (See ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 310.07 101.55 Td (Item1A. ) Tj ET Q q 0 0 0 rg BT 346.46 101.55 Td (Risk ) Tj ET Q q 0 0 0 rg BT 366.18 101.55 Td (Factors ) Tj ET Q q 0 0 0 rg BT 411.19 101.55 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 462.03 101.55 Td (with ) Tj ET Q q 0 0 0 rg BT 481.77 101.55 Td (envir) Tj ET Q q 0 0 0 rg BT 501.94 101.55 Td (onmental ) Tj ET Q q 0 0 0 rg BT 541.67 101.55 Td (laws, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 89.55 Td (including ) Tj ET Q q 0 0 0 rg BT 89.52 89.55 Td (changes ) Tj ET Q q 0 0 0 rg BT 124.54 89.55 Td (to ) Tj ET Q q 0 0 0 rg BT 134.56 89.55 Td (such ) Tj ET Q q 0 0 0 rg BT 155.14 89.55 Td (laws, ) Tj ET Q q 0 0 0 rg BT 178.23 89.55 Td (could ) Tj ET Q q 0 0 0 rg BT 202.69 89.55 Td (adversely ) Tj ET Q q 0 0 0 rg BT 243.26 89.55 Td (affect ) Tj ET Q q 0 0 0 rg BT 267.71 89.55 Td (our ) Tj ET Q q 0 0 0 rg BT 283.85 89.55 Td (r) Tj ET Q q 0 0 0 rg BT 287.37 89.55 Td (esults ) Tj ET Q q 0 0 0 rg BT 312.40 89.55 Td (of ) Tj ET Q q 0 0 0 rg BT 322.43 89.55 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.70 89.55 Td ( ) Tj ET Q q 0 0 0 rg BT 369.79 89.55 Td (T) Tj ET Q q 0 0 0 rg BT 375.20 89.55 Td (o ) Tj ET Q q 0 0 0 rg BT 382.45 89.55 Td (date, ) Tj ET Q q 0 0 0 rg BT 403.85 89.55 Td (we ) Tj ET Q q 0 0 0 rg BT 417.76 89.55 Td (have ) Tj ET Q q 0 0 0 rg BT 438.88 89.55 Td (not ) Tj ET Q q 0 0 0 rg BT 453.91 89.55 Td (incurred ) Tj ET Q q 0 0 0 rg BT 489.47 89.55 Td (material ) Tj ET Q q 0 0 0 rg BT 524.48 89.55 Td (penalties, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.55 Td (been ) Tj ET Q q 0 0 0 rg BT 70.84 77.55 Td (required ) Tj ET Q q 0 0 0 rg BT 106.62 77.55 Td (to ) Tj ET Q q 0 0 0 rg BT 116.86 77.55 Td (incur ) Tj ET Q q 0 0 0 rg BT 139.87 77.55 Td (material ) Tj ET Q q 0 0 0 rg BT 175.09 77.55 Td (capital ) Tj ET Q q 0 0 0 rg BT 204.21 77.55 Td (costs ) Tj ET Q q 0 0 0 rg BT 226.67 77.55 Td (or ) Tj ET Q q 0 0 0 rg BT 237.46 77.55 Td (additional ) Tj ET Q q 0 0 0 rg BT 279.92 77.55 Td (expense, ) Tj ET Q q 0 0 0 rg BT 317.09 77.55 Td (or ) Tj ET Q q 0 0 0 rg BT 327.88 77.55 Td (been ) Tj ET Q q 0 0 0 rg BT 349.22 77.55 Td (subjected ) Tj ET Q q 0 0 0 rg BT 389.45 77.55 Td (to ) Tj ET Q q 0 0 0 rg BT 399.69 77.55 Td (material ) Tj ET Q q 0 0 0 rg BT 434.91 77.55 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 481.81 77.55 Td (on ) Tj ET Q q 0 0 0 rg BT 494.27 77.55 Td (our ) Tj ET Q q 0 0 0 rg BT 510.07 77.55 Td (operations ) Tj ET Q q 0 0 0 rg BT 554.19 77.55 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.55 Td (a ) Tj ET Q q 0 0 0 rg BT 56.44 65.55 Td (result ) Tj ET Q q 0 0 0 rg BT 81.16 65.55 Td (of ) Tj ET Q q 0 0 0 rg BT 91.99 65.55 Td (violations ) Tj ET Q q 0 0 0 rg BT 133.93 65.55 Td (of ) Tj ET Q q 0 0 0 rg BT 144.76 65.55 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 206.69 65.55 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 253.62 65.55 Td (Laws ) Tj ET Q q 0 0 0 rg BT 277.78 65.55 Td (or ) Tj ET Q q 0 0 0 rg BT 288.61 65.55 Td (permit ) Tj ET Q q 0 0 0 rg BT 317.21 65.55 Td (requirements.) Tj ET Q endstream endobj 33 0 obj <>] /Rotate 0 /Contents 34 0 R>> endobj 34 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 29.10 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 744.60 Td (Although ) Tj ET Q q 0 0 0 rg BT 99.07 744.60 Td (our ) Tj ET Q q 0 0 0 rg BT 115.19 744.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 159.64 744.60 Td (are ) Tj ET Q q 0 0 0 rg BT 174.64 744.60 Td (occasionally ) Tj ET Q q 0 0 0 rg BT 227.42 744.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 258.53 744.60 Td (to ) Tj ET Q q 0 0 0 rg BT 269.11 744.60 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 320.21 744.60 Td (and ) Tj ET Q q 0 0 0 rg BT 337.45 744.60 Td (orders ) Tj ET Q q 0 0 0 rg BT 365.23 744.60 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 408.56 744.60 Td (to ) Tj ET Q q 0 0 0 rg BT 419.13 744.60 Td (emissions ) Tj ET Q q 0 0 0 rg BT 461.38 744.60 Td (into ) Tj ET Q q 0 0 0 rg BT 479.73 744.60 Td (the ) Tj ET Q q 0 0 0 rg BT 494.74 744.60 Td (environment ) Tj ET Q q 0 0 0 rg BT 548.07 744.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 732.60 Td (other ) Tj ET Q q 0 0 0 rg BT 71.33 732.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 130.36 732.60 Td (violations, ) Tj ET Q q 0 0 0 rg BT 173.58 732.60 Td (which ) Tj ET Q q 0 0 0 rg BT 199.30 732.60 Td (may ) Tj ET Q q 0 0 0 rg BT 217.80 732.60 Td (result ) Tj ET Q q 0 0 0 rg BT 241.29 732.60 Td (in ) Tj ET Q q 0 0 0 rg BT 250.35 732.60 Td (fines, ) Tj ET Q q 0 0 0 rg BT 273.56 732.60 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 312.88 732.60 Td (damages ) Tj ET Q q 0 0 0 rg BT 349.15 732.60 Td (or ) Tj ET Q q 0 0 0 rg BT 358.76 732.60 Td (other ) Tj ET Q q 0 0 0 rg BT 380.58 732.60 Td (sanctions, ) Tj ET Q q 0 0 0 rg BT 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0 rg BT 432.58 522.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 475.20 522.60 Td (MACT) Tj ET Q q 0 0 0 rg BT 503.91 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 505.44 522.60 Td (rules ) Tj ET Q q 0 0 0 rg BT 526.41 522.60 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 510.60 Td (ef) Tj ET Q q 0 0 0 rg BT 67.37 510.60 Td (fect. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 492.60 Td (EP) Tj ET Q q 0 0 0 rg BT 69.25 492.60 Td (A) Tj ET Q q 0 0 0 rg BT 75.92 492.60 Td ( ) Tj ET Q q 0 0 0 rg BT 77.80 492.60 Td (is ) Tj ET Q q 0 0 0 rg BT 86.35 492.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 124.33 492.60 Td (conducting ) Tj ET Q q 0 0 0 rg BT 170.64 492.60 Td (a ) Tj ET Q q 0 0 0 rg BT 176.96 492.60 Td (combined ) Tj ET Q q 0 0 0 rg BT 218.27 492.60 Td (Risk ) Tj ET Q q 0 0 0 rg BT 238.49 492.60 Td (and ) Tj ET Q q 0 0 0 rg BT 254.67 492.60 Td (T) Tj ET Q q 0 0 0 rg BT 260.08 492.60 Td (echnology ) Tj ET Q q 0 0 0 rg BT 303.62 492.60 Td (Review ) Tj ET Q q 0 0 0 rg BT 336.04 492.60 Td (for ) Tj ET Q q 0 0 0 rg BT 349.58 492.60 Td (the ) Tj ET Q q 0 0 0 rg BT 363.68 492.60 Td (lar) Tj ET Q q 0 0 0 rg BT 374.05 492.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 385.37 492.60 Td (MWC ) Tj ET Q q 0 0 0 rg BT 412.25 492.60 Td (source ) Tj ET Q q 0 0 0 rg BT 440.22 492.60 Td (category ) Tj ET Q q 0 0 0 rg BT 476.53 492.60 Td (and ) Tj ET Q q 0 0 0 rg BT 492.85 492.60 Td (will ) Tj ET Q q 0 0 0 rg BT 510.28 492.60 Td (subsequently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 480.60 Td (propose ) Tj ET Q q 0 0 0 rg BT 84.24 480.60 Td (revised ) Tj ET Q q 0 0 0 rg BT 116.20 480.60 Td (MWC ) Tj ET Q q 0 0 0 rg BT 144.28 480.60 Td (MACT) Tj ET Q q 0 0 0 rg BT 172.99 480.60 Td ( ) Tj ET Q q 0 0 0 rg BT 176.07 480.60 Td (rules. ) Tj ET Q q 0 0 0 rg BT 200.87 480.60 Td (While ) Tj ET Q q 0 0 0 rg BT 228.38 480.60 Td (the ) Tj ET Q q 0 0 0 rg BT 243.68 480.60 Td (scope ) Tj ET Q q 0 0 0 rg BT 269.53 480.60 Td (of ) Tj ET Q q 0 0 0 rg BT 280.94 480.60 Td (and ) Tj ET Q q 0 0 0 rg BT 298.46 480.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 327.66 480.60 Td (for ) Tj ET Q q 0 0 0 rg BT 342.40 480.60 Td (implementation ) Tj ET Q q 0 0 0 rg BT 408.24 480.60 Td (of ) Tj ET Q q 0 0 0 rg BT 419.65 480.60 Td (these ) Tj ET Q q 0 0 0 rg BT 443.28 480.60 Td (rules ) Tj ET Q q 0 0 0 rg BT 465.80 480.60 Td (is ) Tj ET Q q 0 0 0 rg BT 475.55 480.60 Td (uncertain, ) Tj ET Q q 0 0 0 rg BT 518.33 480.60 Td (the ) Tj ET Q q 0 0 0 rg BT 533.63 480.60 Td (revised ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 468.60 Td (MWC ) Tj ET Q q 0 0 0 rg BT 76.28 468.60 Td (MACT) Tj ET Q q 0 0 0 rg BT 105.00 468.60 Td ( ) Tj ET Q q 0 0 0 rg BT 106.78 468.60 Td (rules ) Tj ET Q q 0 0 0 rg BT 128.00 468.60 Td (are ) Tj ET Q q 0 0 0 rg BT 142.00 468.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 179.31 468.60 Td (to ) Tj ET Q q 0 0 0 rg BT 188.88 468.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 213.43 468.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 246.88 468.60 Td (MWC ) Tj ET Q q 0 0 0 rg BT 273.66 468.60 Td (MACT) Tj ET Q q 0 0 0 rg BT 302.37 468.60 Td ( ) Tj ET Q q 0 0 0 rg BT 304.16 468.60 Td (emission ) Tj ET Q q 0 0 0 rg BT 341.50 468.60 Td (limits ) Tj ET Q q 0 0 0 rg BT 366.07 468.60 Td (for ) Tj ET Q q 0 0 0 rg BT 379.51 468.60 Td (most, ) Tj ET Q q 0 0 0 rg BT 403.25 468.60 Td (if ) Tj ET Q q 0 0 0 rg BT 411.14 468.60 Td (not ) Tj ET Q q 0 0 0 rg BT 425.70 468.60 Td (all, ) Tj ET Q q 0 0 0 rg BT 439.98 468.60 Td (regulated ) Tj ET Q q 0 0 0 rg BT 478.97 468.60 Td (air ) Tj ET Q q 0 0 0 rg BT 491.30 468.60 Td (pollutants ) Tj ET Q q 0 0 0 rg BT 532.53 468.60 Td (emitted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 456.60 Td (by ) Tj ET Q q 0 0 0 rg BT 62.16 456.60 Td (our ) Tj ET Q q 0 0 0 rg BT 78.15 456.60 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 117.74 456.60 Td (and ) Tj ET Q q 0 0 0 rg BT 134.84 456.60 Td (may ) Tj ET Q q 0 0 0 rg BT 154.72 456.60 Td (require ) Tj ET Q q 0 0 0 rg BT 185.70 456.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 215.01 456.60 Td (improvements ) Tj ET Q q 0 0 0 rg BT 274.88 456.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 303.09 456.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 343.50 456.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 383.93 456.60 Td (costs. ) Tj ET Q q 0 0 0 rg BT 408.90 456.60 Td (W) Tj ET Q q 0 0 0 rg BT 417.54 456.60 Td (e ) Tj ET Q q 0 0 0 rg BT 424.63 456.60 Td (are ) Tj ET Q q 0 0 0 rg BT 439.50 456.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 468.82 456.60 Td (at ) Tj ET Q q 0 0 0 rg BT 478.70 456.60 Td (this ) Tj ET Q q 0 0 0 rg BT 495.81 456.60 Td (time, ) Tj ET Q q 0 0 0 rg BT 518.74 456.60 Td (to ) Tj ET Q q 0 0 0 rg BT 529.18 456.60 Td (estimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 444.60 Td (the ) Tj ET Q q 0 0 0 rg BT 63.57 444.60 Td (magnitude ) Tj ET Q q 0 0 0 rg BT 107.64 444.60 Td (of ) Tj ET Q q 0 0 0 rg BT 117.83 444.60 Td (such ) Tj ET Q q 0 0 0 rg BT 138.02 444.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 162.37 444.60 Td (which ) Tj ET Q q 0 0 0 rg BT 188.67 444.60 Td (may ) Tj ET Q q 0 0 0 rg BT 207.74 444.60 Td (be ) Tj ET Q q 0 0 0 rg BT 219.04 444.60 Td (material, ) Tj ET Q q 0 0 0 rg BT 256.15 444.60 Td (or ) Tj ET Q q 0 0 0 rg BT 266.34 444.60 Td (to ) Tj ET Q q 0 0 0 rg BT 275.98 444.60 Td (determine ) Tj ET Q q 0 0 0 rg BT 317.81 444.60 Td (the ) Tj ET Q q 0 0 0 rg BT 331.89 444.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 368.73 444.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 397.80 444.60 Td (on ) Tj ET Q q 0 0 0 rg BT 409.66 444.60 Td (the ) Tj ET Q q 0 0 0 rg BT 423.73 444.60 Td (profitability ) Tj ET Q q 0 0 0 rg BT 473.36 444.60 Td (of ) Tj ET Q q 0 0 0 rg BT 483.55 444.60 Td (our ) Tj ET Q q 0 0 0 rg BT 498.73 444.60 Td (MWC ) Tj ET Q q 0 0 0 rg BT 525.59 444.60 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 565.02 444.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 426.60 Td (In ) Tj ET Q q 0 0 0 rg BT 68.77 426.60 Td (some ) Tj ET Q q 0 0 0 rg BT 91.82 426.60 Td (cases, ) Tj ET Q q 0 0 0 rg BT 117.36 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.52 426.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 153.46 426.60 Td (incurred ) Tj ET Q q 0 0 0 rg BT 188.71 426.60 Td (to ) Tj ET Q q 0 0 0 rg BT 198.43 426.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 219.81 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 233.97 426.60 Td (revised ) Tj ET Q q 0 0 0 rg BT 264.78 426.60 Td (MACT) Tj ET Q q 0 0 0 rg BT 293.50 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 295.44 426.60 Td (rules ) Tj ET Q q 0 0 0 rg BT 316.82 426.60 Td (at ) Tj ET Q q 0 0 0 rg BT 325.97 426.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 362.34 426.60 Td (may ) Tj ET Q q 0 0 0 rg BT 381.50 426.60 Td (be ) Tj ET Q q 0 0 0 rg BT 392.88 426.60 Td (recovered ) Tj ET Q q 0 0 0 rg BT 434.23 426.60 Td (from ) Tj ET Q q 0 0 0 rg BT 455.61 426.60 Td (municipal ) Tj ET Q q 0 0 0 rg BT 497.55 426.60 Td (clients ) Tj ET Q q 0 0 0 rg BT 525.59 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 541.97 426.60 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (users ) Tj ET Q q 0 0 0 rg BT 72.60 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 83.49 414.60 Td (our ) Tj ET Q q 0 0 0 rg BT 99.37 414.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 136.35 414.60 Td (through ) Tj ET Q q 0 0 0 rg BT 170.01 414.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 210.32 414.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 228.97 414.60 Td (permitted ) Tj ET Q q 0 0 0 rg BT 269.84 414.60 Td (to ) Tj ET Q q 0 0 0 rg BT 280.17 414.60 Td (be ) Tj ET Q q 0 0 0 rg BT 292.17 414.60 Td (char) Tj ET Q q 0 0 0 rg BT 309.19 414.60 Td (ged ) Tj ET Q q 0 0 0 rg BT 326.18 414.60 Td (under ) Tj ET Q q 0 0 0 rg BT 351.50 414.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 395.15 414.60 Td (contracts; ) Tj ET Q q 0 0 0 rg BT 436.57 414.60 Td (however) Tj ET Q q 0 0 0 rg BT 470.60 414.60 Td (, ) Tj ET Q q 0 0 0 rg BT 475.65 414.60 Td (to ) Tj ET Q q 0 0 0 rg BT 485.98 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 500.75 414.60 Td (extent ) Tj ET Q q 0 0 0 rg BT 527.74 414.60 Td (we ) Tj ET Q q 0 0 0 rg BT 541.95 414.60 Td (incur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.19 402.60 Td (at ) Tj ET Q q 0 0 0 rg BT 82.09 402.60 Td (other ) Tj ET Q q 0 0 0 rg BT 105.32 402.60 Td (of ) Tj ET Q q 0 0 0 rg BT 116.34 402.60 Td (our ) Tj ET Q q 0 0 0 rg BT 132.36 402.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 169.47 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 179.94 402.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 202.06 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 216.96 402.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 260.74 402.60 Td (MACT) Tj ET Q q 0 0 0 rg BT 289.45 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 292.14 402.60 Td (rules, ) Tj ET Q q 0 0 0 rg BT 316.76 402.60 Td (such ) Tj ET Q q 0 0 0 rg BT 337.78 402.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 360.47 402.60 Td (are ) Tj ET Q q 0 0 0 rg BT 375.36 402.60 Td (not ) Tj ET Q q 0 0 0 rg BT 390.83 402.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 421.84 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 432.30 402.60 Td (contractual ) Tj ET Q q 0 0 0 rg BT 479.41 402.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 517.07 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 534.20 402.60 Td (instead ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (will ) Tj ET Q q 0 0 0 rg BT 67.56 390.60 Td (be ) Tj ET Q q 0 0 0 rg BT 79.50 390.60 Td (borne ) Tj ET Q q 0 0 0 rg BT 104.76 390.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 137.81 390.60 Td (by ) Tj ET Q q 0 0 0 rg BT 150.31 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 165.02 390.60 Td (af) Tj ET Q q 0 0 0 rg BT 172.61 390.60 Td (fected ) Tj ET Q q 0 0 0 rg BT 199.53 390.60 Td (facilities. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 58.50 372.60 Td (Revised ) Tj ET Q q 0 0 0 rg BT 91.37 372.60 Td (Gr) Tj ET Q q 0 0 0 rg BT 102.12 372.60 Td (ound ) Tj ET Q q 0 0 0 rg BT 123.90 372.60 Td (Level ) Tj ET Q q 0 0 0 rg BT 147.33 372.60 Td (Ozone ) Tj ET Q q 0 0 0 rg BT 174.66 372.60 Td (Standar) Tj ET Q q 0 0 0 rg BT 205.96 372.60 Td (ds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.85 372.60 Td ( ) Tj ET Q q 0 0 0 rg BT 229.13 372.60 Td (On ) Tj ET Q q 0 0 0 rg BT 243.13 372.60 Td (October ) Tj ET Q q 0 0 0 rg BT 277.12 372.60 Td (26, ) Tj ET Q q 0 0 0 rg BT 291.40 372.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 315.68 372.60 Td (EP) Tj ET Q q 0 0 0 rg BT 326.43 372.60 Td (A) Tj ET Q q 0 0 0 rg BT 333.10 372.60 Td ( ) Tj ET Q q 0 0 0 rg BT 334.88 372.60 Td (published ) Tj ET Q q 0 0 0 rg BT 375.55 372.60 Td (a ) Tj ET Q q 0 0 0 rg BT 381.77 372.60 Td (final ) Tj ET Q q 0 0 0 rg BT 401.87 372.60 Td (rule ) Tj ET Q q 0 0 0 rg BT 419.20 372.60 Td (to ) Tj ET Q q 0 0 0 rg BT 428.76 372.60 Td (revise ) Tj ET Q q 0 0 0 rg BT 454.41 372.60 Td (and ) Tj ET Q q 0 0 0 rg BT 470.63 372.60 Td (strengthen ) Tj ET Q q 0 0 0 rg BT 514.07 372.60 Td (the ) Tj ET Q q 0 0 0 rg BT 528.06 372.60 Td (National ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 360.60 Td (Ambient ) Tj ET Q q 0 0 0 rg BT 86.39 360.60 Td (Air ) Tj ET Q q 0 0 0 rg BT 102.14 360.60 Td (Quality ) Tj ET Q q 0 0 0 rg BT 134.56 360.60 Td (Standards ) Tj ET Q q 0 0 0 rg BT 176.43 360.60 Td (for ) Tj ET Q q 0 0 0 rg BT 190.51 360.60 Td (ground-level ) Tj ET Q q 0 0 0 rg BT 244.03 360.60 Td (ozone ) Tj ET Q q 0 0 0 rg BT 270.33 360.60 Td (or ) Tj ET Q q 0 0 0 rg BT 281.09 360.60 Td (smog. ) Tj ET Q q 0 0 0 rg BT 316.56 360.60 Td (Once ) Tj ET Q q 0 0 0 rg BT 340.09 360.60 Td (implemented ) Tj ET Q q 0 0 0 rg BT 394.72 360.60 Td (by ) Tj ET Q q 0 0 0 rg BT 407.15 360.60 Td (EP) Tj ET Q q 0 0 0 rg BT 417.90 360.60 Td (A) Tj ET Q q 0 0 0 rg BT 424.57 360.60 Td ( ) Tj ET Q q 0 0 0 rg BT 426.99 360.60 Td (and ) Tj ET Q q 0 0 0 rg BT 443.86 360.60 Td (af) Tj ET Q q 0 0 0 rg BT 451.45 360.60 Td (fected ) Tj ET Q q 0 0 0 rg BT 478.30 360.60 Td (states, ) Tj ET Q q 0 0 0 rg BT 505.44 360.60 Td (this ) Tj ET Q q 0 0 0 rg BT 522.31 360.60 Td (rule ) Tj ET Q q 0 0 0 rg BT 540.28 360.60 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 348.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 79.21 348.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 113.92 348.60 Td (to ) Tj ET Q q 0 0 0 rg BT 124.20 348.60 Td (our ) Tj ET Q q 0 0 0 rg BT 140.03 348.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 174.19 348.60 Td (air ) Tj ET Q q 0 0 0 rg BT 187.24 348.60 Td (permits ) Tj ET Q q 0 0 0 rg BT 219.73 348.60 Td (that ) Tj ET Q q 0 0 0 rg BT 237.23 348.60 Td (we ) Tj ET Q q 0 0 0 rg BT 251.39 348.60 Td (may ) Tj ET Q q 0 0 0 rg BT 271.11 348.60 Td (pursue ) Tj ET Q q 0 0 0 rg BT 300.27 348.60 Td (in ) Tj ET Q q 0 0 0 rg BT 310.54 348.60 Td (the ) Tj ET Q q 0 0 0 rg BT 325.26 348.60 Td (future. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 58.50 330.60 Td (Energy ) Tj ET Q q 0 0 0 rg BT 91.00 330.60 Td (Regulations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 312.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 76.89 312.60 Td (businesses ) Tj ET Q q 0 0 0 rg BT 121.94 312.60 Td (are ) Tj ET Q q 0 0 0 rg BT 136.98 312.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 168.14 312.60 Td (to ) Tj ET Q q 0 0 0 rg BT 178.75 312.60 Td (the ) Tj ET Q q 0 0 0 rg BT 193.80 312.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 238.31 312.60 Td (of ) Tj ET Q q 0 0 0 rg BT 249.47 312.60 Td (federal, ) Tj ET Q q 0 0 0 rg BT 282.56 312.60 Td (state ) Tj ET Q q 0 0 0 rg BT 303.71 312.60 Td (and ) Tj ET Q q 0 0 0 rg BT 320.99 312.60 Td (local ) Tj ET Q q 0 0 0 rg BT 343.25 312.60 Td (ener) Tj ET Q q 0 0 0 rg BT 360.28 312.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 373.11 312.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 394.28 312.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 438.20 312.60 Td (to ) Tj ET Q q 0 0 0 rg BT 448.81 312.60 Td (the ) Tj ET Q q 0 0 0 rg BT 463.86 312.60 Td (development, ) Tj ET Q q 0 0 0 rg BT 520.85 312.60 Td (ownership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 300.60 Td (and ) Tj ET Q q 0 0 0 rg BT 65.63 300.60 Td (operation ) Tj ET Q q 0 0 0 rg BT 105.08 300.60 Td (of ) Tj ET Q q 0 0 0 rg BT 115.10 300.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 151.21 300.60 Td (located ) Tj ET Q q 0 0 0 rg BT 181.78 300.60 Td (in ) Tj ET Q q 0 0 0 rg BT 191.24 300.60 Td (the ) Tj ET Q q 0 0 0 rg BT 205.15 300.60 Td (United ) Tj ET Q q 0 0 0 rg BT 234.05 300.60 Td (States. ) Tj ET Q q 0 0 0 rg BT 262.01 300.60 Td (The ) Tj ET Q q 0 0 0 rg BT 279.24 300.60 Td (Federal ) Tj ET Q q 0 0 0 rg BT 310.92 300.60 Td (Ener) Tj ET Q q 0 0 0 rg BT 329.61 300.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 341.30 300.60 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 387.42 300.60 Td (Commission ) Tj ET Q q 0 0 0 rg BT 439.68 300.60 Td (\(FERC\), ) Tj ET Q q 0 0 0 rg BT 484.41 300.60 Td (among ) Tj ET Q q 0 0 0 rg BT 513.32 300.60 Td (other ) Tj ET Q q 0 0 0 rg BT 535.55 300.60 Td (things, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 288.60 Td (regulates ) Tj ET Q q 0 0 0 rg BT 88.39 288.60 Td (the ) Tj ET Q q 0 0 0 rg BT 103.41 288.60 Td (transmission ) Tj ET Q q 0 0 0 rg BT 156.77 288.60 Td (and ) Tj ET Q q 0 0 0 rg BT 174.01 288.60 Td (the ) Tj ET Q q 0 0 0 rg BT 189.02 288.60 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 231.81 288.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 250.16 288.60 Td (of ) Tj ET Q q 0 0 0 rg BT 261.29 288.60 Td (electricity ) Tj ET Q q 0 0 0 rg BT 304.06 288.60 Td (in ) Tj ET Q q 0 0 0 rg BT 314.64 288.60 Td (interstate ) Tj ET Q q 0 0 0 rg BT 354.09 288.60 Td (commerce ) Tj ET Q q 0 0 0 rg BT 398.53 288.60 Td (under ) Tj ET Q q 0 0 0 rg BT 424.10 288.60 Td (the ) Tj ET Q q 0 0 0 rg BT 439.12 288.60 Td (authority ) Tj ET Q q 0 0 0 rg BT 478.02 288.60 Td (of ) Tj ET Q q 0 0 0 rg BT 489.15 288.60 Td (the ) Tj ET Q q 0 0 0 rg BT 504.17 288.60 Td (Federal ) Tj ET Q q 0 0 0 rg BT 536.96 288.60 Td (Power ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 276.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 65.75 276.60 Td (\(FP) Tj ET Q q 0 0 0 rg BT 83.73 276.60 Td (A\). ) Tj ET Q q 0 0 0 rg BT 103.03 276.60 Td (In ) Tj ET Q q 0 0 0 rg BT 113.17 276.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 150.26 276.60 Td (under ) Tj ET Q q 0 0 0 rg BT 174.84 276.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 208.32 276.60 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 257.07 276.60 Td (FERC ) Tj ET Q q 0 0 0 rg BT 283.89 276.60 Td (determines ) Tj ET Q q 0 0 0 rg BT 329.58 276.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 363.60 276.60 Td (an ) Tj ET Q q 0 0 0 rg BT 374.85 276.60 Td (entity ) Tj ET Q q 0 0 0 rg BT 399.44 276.60 Td (owning ) Tj ET Q q 0 0 0 rg BT 431.26 276.60 Td (a ) Tj ET Q q 0 0 0 rg BT 437.51 276.60 Td (generation ) Tj ET Q q 0 0 0 rg BT 481.52 276.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 511.66 276.60 Td (is ) Tj ET Q q 0 0 0 rg BT 520.14 276.60 Td (an ) Tj ET Q q 0 0 0 rg BT 531.39 276.60 Td (Exempt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 264.60 Td (Wholesale ) Tj ET Q q 0 0 0 rg BT 94.87 264.60 Td (Generator ) Tj ET Q q 0 0 0 rg BT 138.01 264.60 Td (\(EWG\), ) Tj ET Q q 0 0 0 rg BT 181.98 264.60 Td (as ) Tj ET Q q 0 0 0 rg BT 193.48 264.60 Td (defined ) Tj ET Q q 0 0 0 rg BT 226.63 264.60 Td (in ) Tj ET Q q 0 0 0 rg BT 237.57 264.60 Td (the ) Tj ET Q q 0 0 0 rg BT 252.95 264.60 Td (Public ) Tj ET Q q 0 0 0 rg BT 281.67 264.60 Td (Utility ) Tj ET Q q 0 0 0 rg BT 310.95 264.60 Td (Holding ) Tj ET Q q 0 0 0 rg BT 346.90 264.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 388.25 264.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 405.85 264.60 Td (of ) Tj ET Q q 0 0 0 rg BT 417.35 264.60 Td (2005 ) Tj ET Q q 0 0 0 rg BT 440.52 264.60 Td (\(PUHCA) Tj ET Q q 0 0 0 rg BT 481.63 264.60 Td ( ) Tj ET Q q 0 0 0 rg BT 484.79 264.60 Td (2005\). ) Tj ET Q q 0 0 0 rg BT 518.23 264.60 Td (FERC ) Tj ET Q q 0 0 0 rg BT 546.40 264.60 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 252.60 Td (determines ) Tj ET Q q 0 0 0 rg BT 95.24 252.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 129.31 252.60 Td (a ) Tj ET Q q 0 0 0 rg BT 135.62 252.60 Td (generation ) Tj ET Q q 0 0 0 rg BT 179.69 252.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 209.88 252.60 Td (meets ) Tj ET Q q 0 0 0 rg BT 235.07 252.60 Td (the ) Tj ET Q q 0 0 0 rg BT 249.16 252.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 292.68 252.60 Td (and ) Tj ET Q q 0 0 0 rg BT 308.99 252.60 Td (technical ) Tj ET Q q 0 0 0 rg BT 346.95 252.60 Td (criteria ) Tj ET Q q 0 0 0 rg BT 377.12 252.60 Td (of ) Tj ET Q q 0 0 0 rg BT 387.32 252.60 Td (a ) Tj ET Q q 0 0 0 rg BT 393.63 252.60 Td (Qualifying ) Tj ET Q q 0 0 0 rg BT 438.82 252.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 471.24 252.60 Td (\(cogeneration ) Tj ET Q q 0 0 0 rg BT 528.08 252.60 Td (facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 240.60 Td (and ) Tj ET Q q 0 0 0 rg BT 67.32 240.60 Td (other ) Tj ET Q q 0 0 0 rg BT 91.25 240.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 129.07 240.60 Td (making ) Tj ET Q q 0 0 0 rg BT 162.44 240.60 Td (use ) Tj ET Q q 0 0 0 rg BT 179.16 240.60 Td (of ) Tj ET Q q 0 0 0 rg BT 190.87 240.60 Td (non-fossil ) Tj ET Q q 0 0 0 rg BT 234.26 240.60 Td (fuel ) Tj ET Q q 0 0 0 rg BT 253.19 240.60 Td (power ) Tj ET Q q 0 0 0 rg BT 281.56 240.60 Td (sources, ) Tj ET Q q 0 0 0 rg BT 317.43 240.60 Td (such ) Tj ET Q q 0 0 0 rg BT 339.15 240.60 Td (as ) Tj ET Q q 0 0 0 rg BT 350.86 240.60 Td (waste, ) Tj ET Q q 0 0 0 rg BT 379.51 240.60 Td (which ) Tj ET Q q 0 0 0 rg BT 407.34 240.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 430.15 240.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 460.74 240.60 Td (size ) Tj ET Q q 0 0 0 rg BT 479.67 240.60 Td (and ) Tj ET Q q 0 0 0 rg BT 497.49 240.60 Td (other ) Tj ET Q q 0 0 0 rg BT 521.42 240.60 Td (applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 228.60 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 106.96 228.60 Td (referred ) Tj ET Q q 0 0 0 rg BT 141.36 228.60 Td (to ) Tj ET Q q 0 0 0 rg BT 151.89 228.60 Td (as ) Tj ET Q q 0 0 0 rg BT 162.98 228.60 Td (QFs\), ) Tj ET Q q 0 0 0 rg BT 197.12 228.60 Td (under ) Tj ET Q q 0 0 0 rg BT 222.65 228.60 Td (the ) Tj ET Q q 0 0 0 rg BT 237.63 228.60 Td (Public ) Tj ET Q q 0 0 0 rg BT 265.94 228.60 Td (Utility ) Tj ET Q q 0 0 0 rg BT 294.81 228.60 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 342.00 228.60 Td (Policies ) Tj ET Q q 0 0 0 rg BT 375.82 228.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 393.02 228.60 Td (of ) Tj ET Q q 0 0 0 rg BT 404.11 228.60 Td (1978, ) Tj ET Q q 0 0 0 rg BT 429.36 228.60 Td (as ) Tj ET Q q 0 0 0 rg BT 440.45 228.60 Td (amended ) Tj ET Q q 0 0 0 rg BT 479.31 228.60 Td (\(PURP) Tj ET Q q 0 0 0 rg BT 511.17 228.60 Td (A\). ) Tj ET Q q 0 0 0 rg BT 531.42 228.60 Td (Each ) Tj ET Q q 0 0 0 rg BT 554.16 228.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 216.60 Td (our ) Tj ET Q q 0 0 0 rg BT 66.15 216.60 Td (United ) Tj ET Q q 0 0 0 rg BT 96.70 216.60 Td (Statesgenerating ) Tj ET Q q 0 0 0 rg BT 168.61 216.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 206.36 216.60 Td (has ) Tj ET Q q 0 0 0 rg BT 223.02 216.60 Td (either ) Tj ET Q q 0 0 0 rg BT 249.10 216.60 Td (been ) Tj ET Q q 0 0 0 rg BT 271.30 216.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 319.61 216.60 Td (by ) Tj ET Q q 0 0 0 rg BT 332.93 216.60 Td (FERC ) Tj ET Q q 0 0 0 rg BT 361.27 216.60 Td (to ) Tj ET Q q 0 0 0 rg BT 372.37 216.60 Td (qualify ) Tj ET Q q 0 0 0 rg BT 404.02 216.60 Td (as ) Tj ET Q q 0 0 0 rg BT 415.67 216.60 Td (a ) Tj ET Q q 0 0 0 rg BT 423.44 216.60 Td (QF ) Tj ET Q q 0 0 0 rg BT 439.54 216.60 Td (or ) Tj ET Q q 0 0 0 rg BT 451.20 216.60 Td (is ) Tj ET Q q 0 0 0 rg BT 461.19 216.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 503.39 216.60 Td (exempt, ) Tj ET Q q 0 0 0 rg BT 538.65 216.60 Td (or ) Tj ET Q q 0 0 0 rg BT 550.31 216.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 204.60 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 93.11 204.60 Td (owning ) Tj ET Q q 0 0 0 rg BT 125.61 204.60 Td (the ) Tj ET Q q 0 0 0 rg BT 140.33 204.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 171.15 204.60 Td (has ) Tj ET Q q 0 0 0 rg BT 186.98 204.60 Td (been ) Tj ET Q q 0 0 0 rg BT 208.35 204.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 255.83 204.60 Td (to ) Tj ET Q q 0 0 0 rg BT 266.11 204.60 Td (be ) Tj ET Q q 0 0 0 rg BT 278.05 204.60 Td (an ) Tj ET Q q 0 0 0 rg BT 289.99 204.60 Td (EWG.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 58.50 186.60 Td (Federal ) Tj ET Q q 0 0 0 rg BT 94.13 186.60 Td (Power ) Tj ET Q q 0 0 0 rg BT 123.93 186.60 Td (Act) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.65 186.60 Td ( ) Tj ET Q q 0 0 0 rg BT 152.34 186.60 Td (The ) Tj ET Q q 0 0 0 rg BT 171.87 186.60 Td (FP) Tj ET Q q 0 0 0 rg BT 182.07 186.60 Td (A) Tj ET Q q 0 0 0 rg BT 188.74 186.60 Td ( ) Tj ET Q q 0 0 0 rg BT 192.72 186.60 Td (gives ) Tj ET Q q 0 0 0 rg BT 217.81 186.60 Td (FERC ) Tj ET Q q 0 0 0 rg BT 246.80 186.60 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 288.54 186.60 Td (rate-making ) Tj ET Q q 0 0 0 rg BT 340.83 186.60 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 390.36 186.60 Td (over ) Tj ET Q q 0 0 0 rg BT 412.11 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 428.30 186.60 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 472.27 186.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 491.79 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 504.10 186.60 Td (electricity ) Tj ET Q q 0 0 0 rg BT 548.06 186.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (transmission ) Tj ET Q q 0 0 0 rg BT 101.86 174.60 Td (of ) Tj ET Q q 0 0 0 rg BT 112.00 174.60 Td (electricity ) Tj ET Q q 0 0 0 rg BT 153.79 174.60 Td (in ) Tj ET Q q 0 0 0 rg BT 163.37 174.60 Td (interstate ) Tj ET Q q 0 0 0 rg BT 201.83 174.60 Td (commerce. ) Tj ET Q q 0 0 0 rg BT 247.78 174.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 274.58 174.60 Td (the ) Tj ET Q q 0 0 0 rg BT 288.60 174.60 Td (FP) Tj ET Q q 0 0 0 rg BT 298.81 174.60 Td (A, ) Tj ET Q q 0 0 0 rg BT 310.34 174.60 Td (FERC, ) Tj ET Q q 0 0 0 rg BT 339.66 174.60 Td (with ) Tj ET Q q 0 0 0 rg BT 359.24 174.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 388.25 174.60 Td (exceptions, ) Tj ET Q q 0 0 0 rg BT 435.32 174.60 Td (regulates ) Tj ET Q q 0 0 0 rg BT 473.23 174.60 Td (the ) Tj ET Q q 0 0 0 rg BT 487.25 174.60 Td (owners ) Tj ET Q q 0 0 0 rg BT 517.94 174.60 Td (of ) Tj ET Q q 0 0 0 rg BT 528.08 174.60 Td (facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (used ) Tj ET Q q 0 0 0 rg BT 69.75 162.60 Td (for ) Tj ET Q q 0 0 0 rg BT 83.33 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 97.46 162.60 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 139.37 162.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 156.83 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 167.08 162.60 Td (electricity ) Tj ET Q q 0 0 0 rg BT 208.98 162.60 Td (or ) Tj ET Q q 0 0 0 rg BT 219.23 162.60 Td (transmission ) Tj ET Q q 0 0 0 rg BT 271.70 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 281.95 162.60 Td (electricity ) Tj ET Q q 0 0 0 rg BT 323.85 162.60 Td (in ) Tj ET Q q 0 0 0 rg BT 333.54 162.60 Td (interstate ) Tj ET Q q 0 0 0 rg BT 372.11 162.60 Td (commerce ) Tj ET Q q 0 0 0 rg BT 415.67 162.60 Td (as ) Tj ET Q q 0 0 0 rg BT 425.92 162.60 Td (public ) Tj ET Q q 0 0 0 rg BT 452.83 162.60 Td (utilities. ) Tj ET Q q 0 0 0 rg BT 487.12 162.60 Td (The ) Tj ET Q q 0 0 0 rg BT 504.58 162.60 Td (FP) Tj ET Q q 0 0 0 rg BT 514.79 162.60 Td (A) Tj ET Q q 0 0 0 rg BT 521.46 162.60 Td ( ) Tj ET Q q 0 0 0 rg BT 523.38 162.60 Td (also ) Tj ET Q q 0 0 0 rg BT 541.40 162.60 Td (gives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (FERC ) Tj ET Q q 0 0 0 rg BT 77.23 150.60 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 125.50 150.60 Td (to ) Tj ET Q q 0 0 0 rg BT 136.00 150.60 Td (review ) Tj ET Q q 0 0 0 rg BT 165.93 150.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 195.85 150.60 Td (transactions ) Tj ET Q q 0 0 0 rg BT 246.33 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 263.49 150.60 Td (numerous ) Tj ET Q q 0 0 0 rg BT 305.65 150.60 Td (other ) Tj ET Q q 0 0 0 rg BT 328.91 150.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 367.73 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 378.78 150.60 Td (public ) Tj ET Q q 0 0 0 rg BT 406.50 150.60 Td (utilities. ) Tj ET Q q 0 0 0 rg BT 441.72 150.60 Td (Most ) Tj ET Q q 0 0 0 rg BT 465.00 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 476.05 150.60 Td (our ) Tj ET Q q 0 0 0 rg BT 492.10 150.60 Td (QFs ) Tj ET Q q 0 0 0 rg BT 511.49 150.60 Td (are ) Tj ET Q q 0 0 0 rg BT 526.42 150.60 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (exempt ) Tj ET Q q 0 0 0 rg BT 81.53 138.60 Td (from ) Tj ET Q q 0 0 0 rg BT 103.56 138.60 Td (FERC) Tj ET Q q 0 0 0 rg BT 131.35 138.60 Td (s ) Tj ET Q q 0 0 0 rg BT 137.84 138.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 155.42 138.60 Td (regulation ) Tj ET Q q 0 0 0 rg BT 198.56 138.60 Td (under ) Tj ET Q q 0 0 0 rg BT 223.92 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 238.73 138.60 Td (FP) Tj ET Q q 0 0 0 rg BT 248.94 138.60 Td (A) Tj ET Q q 0 0 0 rg BT 255.61 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 258.20 138.60 Td (because ) Tj ET Q q 0 0 0 rg BT 292.44 138.60 Td (\(i\)the ) Tj ET Q q 0 0 0 rg BT 319.19 138.60 Td (QF ) Tj ET Q q 0 0 0 rg BT 334.57 138.60 Td (is ) Tj ET Q q 0 0 0 rg BT 343.84 138.60 Td (20MW) Tj ET Q q 0 0 0 rg BT 374.49 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 377.08 138.60 Td (or ) Tj ET Q q 0 0 0 rg BT 388.01 138.60 Td (smaller; ) Tj ET Q q 0 0 0 rg BT 422.81 138.60 Td (\(ii\)its ) Tj ET Q q 0 0 0 rg BT 449.57 138.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 471.61 138.60 Td (are ) Tj ET Q q 0 0 0 rg BT 486.41 138.60 Td (made ) Tj ET Q q 0 0 0 rg BT 510.66 138.60 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 547.69 138.60 Td (to ) Tj ET Q q 0 0 0 rg BT 558.07 138.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (state ) Tj ET Q q 0 0 0 rg BT 70.44 126.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 114.15 126.60 Td (authority) Tj ET Q q 0 0 0 rg BT 153.03 126.60 Td (s ) Tj ET Q q 0 0 0 rg BT 159.53 126.60 Td (implementation ) Tj ET Q q 0 0 0 rg BT 224.91 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 235.85 126.60 Td (PURP) Tj ET Q q 0 0 0 rg BT 259.95 126.60 Td (A; ) Tj ET Q q 0 0 0 rg BT 272.57 126.60 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 290.17 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 305.00 126.60 Td (QF ) Tj ET Q q 0 0 0 rg BT 320.40 126.60 Td (is ) Tj ET Q q 0 0 0 rg BT 329.69 126.60 Td (owned ) Tj ET Q q 0 0 0 rg BT 358.96 126.60 Td (by ) Tj ET Q q 0 0 0 rg BT 371.57 126.60 Td (a ) Tj ET Q q 0 0 0 rg BT 378.63 126.60 Td (municipality ) Tj ET Q q 0 0 0 rg BT 431.79 126.60 Td (or ) Tj ET Q q 0 0 0 rg BT 442.73 126.60 Td (subdivision ) Tj ET Q q 0 0 0 rg BT 491.46 126.60 Td (thereof; ) Tj ET Q q 0 0 0 rg BT 525.17 126.60 Td (or ) Tj ET Q q 0 0 0 rg BT 536.11 126.60 Td (\(iv\)its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 72.29 114.60 Td (are ) Tj ET Q q 0 0 0 rg BT 87.85 114.60 Td (made ) Tj ET Q q 0 0 0 rg BT 112.85 114.60 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 150.64 114.60 Td (to ) Tj ET Q q 0 0 0 rg BT 161.77 114.60 Td (a ) Tj ET Q q 0 0 0 rg BT 169.56 114.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 205.12 114.60 Td (executed ) Tj ET Q q 0 0 0 rg BT 244.00 114.60 Td (on ) Tj ET Q q 0 0 0 rg BT 257.35 114.60 Td (or ) Tj ET Q q 0 0 0 rg BT 269.03 114.60 Td (before ) Tj ET Q q 0 0 0 rg BT 297.92 114.60 Td (March17, ) Tj ET Q q 0 0 0 rg BT 342.37 114.60 Td (2006. ) Tj ET Q q 0 0 0 rg BT 368.22 114.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 387.12 114.60 Td (QFs ) Tj ET Q q 0 0 0 rg BT 407.15 114.60 Td (that ) Tj ET Q q 0 0 0 rg BT 425.50 114.60 Td (are ) Tj ET Q q 0 0 0 rg BT 441.05 114.60 Td (not ) Tj ET Q q 0 0 0 rg BT 457.18 114.60 Td (exempt, ) Tj ET Q q 0 0 0 rg BT 492.47 114.60 Td (or ) Tj ET Q q 0 0 0 rg BT 504.15 114.60 Td (that ) Tj ET Q q 0 0 0 rg BT 522.49 114.60 Td (lose ) Tj ET Q q 0 0 0 rg BT 541.95 114.60 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (exemptions ) Tj ET Q q 0 0 0 rg BT 98.39 102.60 Td (from ) Tj ET Q q 0 0 0 rg BT 120.61 102.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 138.38 102.60 Td (regulation, ) Tj ET Q q 0 0 0 rg BT 184.21 102.60 Td (are ) Tj ET Q q 0 0 0 rg BT 199.20 102.60 Td (or ) Tj ET Q q 0 0 0 rg BT 210.31 102.60 Td (would ) Tj ET Q q 0 0 0 rg BT 238.10 102.60 Td (be ) Tj ET Q q 0 0 0 rg BT 250.32 102.60 Td (required ) Tj ET Q q 0 0 0 rg BT 286.42 102.60 Td (to ) Tj ET Q q 0 0 0 rg BT 296.99 102.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 324.77 102.60 Td (market-based ) Tj ET Q q 0 0 0 rg BT 381.41 102.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 399.18 102.60 Td (authority ) Tj ET Q q 0 0 0 rg BT 438.07 102.60 Td (from ) Tj ET Q q 0 0 0 rg BT 460.29 102.60 Td (FERC ) Tj ET Q q 0 0 0 rg BT 488.09 102.60 Td (or ) Tj ET Q q 0 0 0 rg BT 499.20 102.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 540.86 102.60 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 71.44 90.60 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 108.38 90.60 Td (to ) Tj ET Q q 0 0 0 rg BT 118.66 90.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 140.03 90.60 Td (on ) Tj ET Q q 0 0 0 rg BT 152.53 90.60 Td (file ) Tj ET Q q 0 0 0 rg BT 168.36 90.60 Td (with ) Tj ET Q q 0 0 0 rg BT 188.64 90.60 Td (FERC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 72.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 84.89 72.60 Td (the ) Tj ET Q q 0 0 0 rg BT 98.50 72.60 Td (FP) Tj ET Q q 0 0 0 rg BT 108.71 72.60 Td (A, ) Tj ET Q q 0 0 0 rg BT 119.83 72.60 Td (public ) Tj ET Q q 0 0 0 rg BT 146.22 72.60 Td (utilities ) Tj ET Q q 0 0 0 rg BT 177.62 72.60 Td (are ) Tj ET Q q 0 0 0 rg BT 191.23 72.60 Td (required ) Tj ET Q q 0 0 0 rg BT 225.94 72.60 Td (to ) Tj ET Q q 0 0 0 rg BT 235.12 72.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 261.52 72.60 Td (FERC) Tj ET Q q 0 0 0 rg BT 289.30 72.60 Td (s ) Tj ET Q q 0 0 0 rg BT 294.59 72.60 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 339.84 72.60 Td (of ) Tj ET Q q 0 0 0 rg BT 349.57 72.60 Td (their ) Tj ET Q q 0 0 0 rg BT 369.29 72.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 385.68 72.60 Td (schedules ) Tj ET Q q 0 0 0 rg BT 425.95 72.60 Td (for ) Tj ET Q q 0 0 0 rg BT 439.01 72.60 Td (the ) Tj ET Q q 0 0 0 rg BT 452.63 72.60 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 494.01 72.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 510.96 72.60 Td (of ) Tj ET Q q 0 0 0 rg BT 520.69 72.60 Td (electricity) Tj ET Q q 0 0 0 rg BT 560.01 72.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 60.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.15 60.60 Td (generating ) Tj ET Q q 0 0 0 rg BT 111.45 60.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 156.31 60.60 Td (in ) Tj ET Q q 0 0 0 rg BT 166.18 60.60 Td (the ) Tj ET Q q 0 0 0 rg BT 180.49 60.60 Td (United ) Tj ET Q q 0 0 0 rg BT 209.81 60.60 Td (States ) Tj ET Q q 0 0 0 rg BT 235.79 60.60 Td (that ) Tj ET Q q 0 0 0 rg BT 252.88 60.60 Td (are ) Tj ET Q q 0 0 0 rg BT 267.18 60.60 Td (not ) Tj ET Q q 0 0 0 rg BT 282.06 60.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 323.03 60.60 Td (exempt ) Tj ET Q q 0 0 0 rg BT 354.56 60.60 Td (from ) Tj ET Q q 0 0 0 rg BT 376.10 60.60 Td (FERC) Tj ET Q q 0 0 0 rg BT 403.88 60.60 Td (s ) Tj ET Q q 0 0 0 rg BT 409.87 60.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 426.95 60.60 Td (regulation ) Tj ET Q q 0 0 0 rg BT 469.59 60.60 Td (have ) Tj ET Q q 0 0 0 rg BT 490.56 60.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 512.10 60.60 Td (of ) Tj ET Q q 0 0 0 rg BT 522.53 60.60 Td (electricity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 48.60 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 86.59 48.60 Td (to ) Tj ET Q q 0 0 0 rg BT 97.03 48.60 Td (market-based ) Tj ET Q q 0 0 0 rg BT 153.55 48.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 175.08 48.60 Td (or ) Tj ET Q q 0 0 0 rg BT 186.07 48.60 Td (other ) Tj ET Q q 0 0 0 rg BT 209.27 48.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 230.80 48.60 Td (authorized ) Tj ET Q q 0 0 0 rg BT 275.66 48.60 Td (by ) Tj ET Q q 0 0 0 rg BT 288.32 48.60 Td (FERC. ) Tj ET Q q 0 0 0 rg BT 318.29 48.60 Td (W) Tj ET Q q 0 0 0 rg BT 327.33 48.60 Td (ith ) Tj ET Q q 0 0 0 rg BT 340.54 48.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 371.52 48.60 Td (to ) Tj ET Q q 0 0 0 rg BT 381.95 48.60 Td (our ) Tj ET Q q 0 0 0 rg BT 397.94 48.60 Td (generating ) Tj ET Q q 0 0 0 rg BT 442.79 48.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 488.21 48.60 Td (with ) Tj ET Q q 0 0 0 rg BT 508.65 48.60 Td (market-based ) Tj ET Q endstream endobj 35 0 obj <>] /Rotate 0 /Contents 36 0 R>> endobj 36 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 29.10 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 744.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 66.93 744.60 Td (authorization, ) Tj ET Q q 0 0 0 rg BT 124.63 744.60 Td (FERC ) Tj ET Q q 0 0 0 rg BT 152.08 744.60 Td (has ) Tj ET Q q 0 0 0 rg BT 167.85 744.60 Td (the ) Tj ET Q q 0 0 0 rg BT 182.50 744.60 Td (right ) Tj ET Q q 0 0 0 rg BT 203.83 744.60 Td (to ) Tj ET Q q 0 0 0 rg BT 214.05 744.60 Td (suspend, ) Tj ET Q q 0 0 0 rg BT 251.21 744.60 Td (revoke ) Tj ET Q q 0 0 0 rg BT 280.86 744.60 Td (or ) Tj ET Q q 0 0 0 rg BT 291.63 744.60 Td (revise ) Tj ET Q q 0 0 0 rg BT 317.95 744.60 Td (that ) Tj ET Q q 0 0 0 rg BT 335.38 744.60 Td (authority ) Tj ET Q q 0 0 0 rg BT 373.93 744.60 Td (and ) Tj ET Q q 0 0 0 rg BT 390.80 744.60 Td (require ) Tj ET Q q 0 0 0 rg BT 421.56 744.60 Td (our ) Tj ET Q q 0 0 0 rg BT 437.33 744.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 459.21 744.60 Td (of ) Tj ET Q q 0 0 0 rg BT 469.98 744.60 Td (ener) Tj ET Q q 0 0 0 rg BT 487.01 744.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 499.45 744.60 Td (to ) Tj ET Q q 0 0 0 rg BT 509.67 744.60 Td (be ) Tj ET Q q 0 0 0 rg BT 521.54 744.60 Td (made ) Tj ET Q q 0 0 0 rg BT 545.64 744.60 Td (on ) Tj ET Q q 0 0 0 rg BT 558.08 744.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 732.60 Td (cost-of-service ) Tj ET Q q 0 0 0 rg BT 111.65 732.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 134.39 732.60 Td (if ) Tj ET Q q 0 0 0 rg BT 143.23 732.60 Td (FERC ) Tj ET Q q 0 0 0 rg BT 170.98 732.60 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 225.93 732.60 Td (determines ) Tj ET Q q 0 0 0 rg BT 272.54 732.60 Td (that ) Tj ET Q q 0 0 0 rg BT 290.27 732.60 Td (we ) Tj ET Q q 0 0 0 rg BT 304.66 732.60 Td (can ) Tj ET Q q 0 0 0 rg BT 321.28 732.60 Td (exercise ) Tj ET Q q 0 0 0 rg BT 356.77 732.60 Td (market ) Tj ET Q q 0 0 0 rg BT 387.27 732.60 Td (power) Tj ET Q q 0 0 0 rg BT 411.85 732.60 Td (, ) Tj ET Q q 0 0 0 rg BT 417.09 732.60 Td (create ) Tj ET Q q 0 0 0 rg BT 443.69 732.60 Td (barriers ) Tj ET Q q 0 0 0 rg BT 476.96 732.60 Td (to ) Tj ET Q q 0 0 0 rg BT 487.48 732.60 Td (entry) Tj ET Q q 0 0 0 rg BT 507.37 732.60 Td (, ) Tj ET Q q 0 0 0 rg BT 512.61 732.60 Td (or ) Tj ET Q q 0 0 0 rg BT 523.68 732.60 Td (engage ) Tj ET Q q 0 0 0 rg BT 554.73 732.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 720.60 Td (abusive ) Tj ET Q q 0 0 0 rg BT 82.39 720.60 Td (af) Tj ET Q q 0 0 0 rg BT 89.98 720.60 Td (filiate ) Tj ET Q q 0 0 0 rg BT 115.65 720.60 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 168.26 720.60 Td (In ) Tj ET Q q 0 0 0 rg BT 178.93 720.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 216.55 720.60 Td (amongst ) Tj ET Q q 0 0 0 rg BT 252.79 720.60 Td (other ) Tj ET Q q 0 0 0 rg BT 275.68 720.60 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 332.73 720.60 Td (our ) Tj ET Q q 0 0 0 rg BT 348.40 720.60 Td (market-based ) Tj ET Q q 0 0 0 rg BT 404.61 720.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 421.94 720.60 Td (sellers ) Tj ET Q q 0 0 0 rg BT 449.84 720.60 Td (are ) Tj ET Q q 0 0 0 rg BT 464.39 720.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 495.06 720.60 Td (to ) Tj ET Q q 0 0 0 rg BT 505.19 720.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 534.73 720.60 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 708.60 Td (behavior ) Tj ET Q q 0 0 0 rg BT 86.83 708.60 Td (and ) Tj ET Q q 0 0 0 rg BT 103.62 708.60 Td (market ) Tj ET Q q 0 0 0 rg BT 133.73 708.60 Td (manipulation ) Tj ET Q q 0 0 0 rg BT 188.84 708.60 Td (rules ) Tj ET Q q 0 0 0 rg BT 210.63 708.60 Td (and, ) Tj ET Q q 0 0 0 rg BT 229.91 708.60 Td (if ) Tj ET Q q 0 0 0 rg BT 238.36 708.60 Td (any ) Tj ET Q q 0 0 0 rg BT 255.15 708.60 Td (of ) Tj ET Q q 0 0 0 rg BT 265.83 708.60 Td (our ) Tj ET Q q 0 0 0 rg BT 281.50 708.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 331.06 708.60 Td (were ) Tj ET Q q 0 0 0 rg BT 352.84 708.60 Td (deemed ) Tj ET Q q 0 0 0 rg BT 386.28 708.60 Td (to ) Tj ET Q q 0 0 0 rg BT 396.40 708.60 Td (have ) Tj ET Q q 0 0 0 rg BT 417.63 708.60 Td (violated ) Tj ET Q q 0 0 0 rg BT 452.19 708.60 Td (any ) Tj ET Q q 0 0 0 rg BT 468.97 708.60 Td (one ) Tj ET Q q 0 0 0 rg BT 485.75 708.60 Td (of ) Tj ET Q q 0 0 0 rg BT 496.43 708.60 Td (those ) Tj ET Q q 0 0 0 rg BT 519.89 708.60 Td (rules, ) Tj ET Q q 0 0 0 rg BT 544.17 708.60 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 696.60 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 93.29 696.60 Td (could ) Tj ET Q q 0 0 0 rg BT 118.18 696.60 Td (be ) Tj ET Q q 0 0 0 rg BT 130.30 696.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 161.30 696.60 Td (to ) Tj ET Q q 0 0 0 rg BT 171.75 696.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 209.42 696.60 Td (disgor) Tj ET Q q 0 0 0 rg BT 234.24 696.60 Td (gement ) Tj ET Q q 0 0 0 rg BT 266.35 696.60 Td (of ) Tj ET Q q 0 0 0 rg BT 277.36 696.60 Td (profits ) Tj ET Q q 0 0 0 rg BT 306.14 696.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 349.92 696.60 Td (with ) Tj ET Q q 0 0 0 rg BT 370.37 696.60 Td (the ) Tj ET Q q 0 0 0 rg BT 385.26 696.60 Td (violation ) Tj ET Q q 0 0 0 rg BT 423.49 696.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 451.72 696.60 Td (suspension ) Tj ET Q q 0 0 0 rg BT 498.29 696.60 Td (or ) Tj ET Q q 0 0 0 rg BT 509.29 696.60 Td (revocation ) Tj ET Q q 0 0 0 rg BT 554.17 696.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 684.60 Td (market-based ) Tj ET Q q 0 0 0 rg BT 106.44 684.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 124.51 684.60 Td (authority) Tj ET Q q 0 0 0 rg BT 159.96 684.60 Td (, ) Tj ET Q q 0 0 0 rg BT 165.54 684.60 Td (as ) Tj ET Q q 0 0 0 rg BT 176.96 684.60 Td (well ) Tj ET Q q 0 0 0 rg BT 197.25 684.60 Td (as ) Tj ET Q q 0 0 0 rg BT 208.67 684.60 Td (criminal ) Tj ET Q q 0 0 0 rg BT 245.07 684.60 Td (and ) Tj ET Q q 0 0 0 rg BT 262.59 684.60 Td (civil ) Tj ET Q q 0 0 0 rg BT 283.44 684.60 Td (penalties. ) Tj ET Q q 0 0 0 rg BT 324.56 684.60 Td (If ) Tj ET Q q 0 0 0 rg BT 334.30 684.60 Td (the ) Tj ET Q q 0 0 0 rg BT 349.60 684.60 Td (market-based ) Tj ET Q q 0 0 0 rg BT 406.55 684.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 424.61 684.60 Td (authority ) Tj ET Q q 0 0 0 rg BT 463.80 684.60 Td (for ) Tj ET Q q 0 0 0 rg BT 478.54 684.60 Td (one ) Tj ET Q q 0 0 0 rg BT 496.06 684.60 Td (\(or ) Tj ET Q q 0 0 0 rg BT 510.80 684.60 Td (more\) ) Tj ET Q q 0 0 0 rg BT 537.76 684.60 Td (of ) Tj ET Q q 0 0 0 rg BT 549.17 684.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 672.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 98.69 672.60 Td (was ) Tj ET Q q 0 0 0 rg BT 116.22 672.60 Td (revoked ) Tj ET Q q 0 0 0 rg BT 150.41 672.60 Td (or ) Tj ET Q q 0 0 0 rg BT 160.71 672.60 Td (it ) Tj ET Q q 0 0 0 rg BT 168.25 672.60 Td (was ) Tj ET Q q 0 0 0 rg BT 185.77 672.60 Td (not ) Tj ET Q q 0 0 0 rg BT 200.53 672.60 Td (able ) Tj ET Q q 0 0 0 rg BT 219.16 672.60 Td (to ) Tj ET Q q 0 0 0 rg BT 228.92 672.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 255.89 672.60 Td (market-based ) Tj ET Q q 0 0 0 rg BT 311.73 672.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 328.69 672.60 Td (authority ) Tj ET Q q 0 0 0 rg BT 366.77 672.60 Td (when ) Tj ET Q q 0 0 0 rg BT 390.40 672.60 Td (necessary) Tj ET Q q 0 0 0 rg BT 428.62 672.60 Td (, ) Tj ET Q q 0 0 0 rg BT 433.10 672.60 Td (and ) Tj ET Q q 0 0 0 rg BT 449.51 672.60 Td (it ) Tj ET Q q 0 0 0 rg BT 457.05 672.60 Td (was ) Tj ET Q q 0 0 0 rg BT 474.58 672.60 Td (required ) Tj ET Q q 0 0 0 rg BT 509.87 672.60 Td (to ) Tj ET Q q 0 0 0 rg BT 519.62 672.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 535.49 672.60 Td (ener) Tj ET Q q 0 0 0 rg BT 552.51 672.60 Td (gy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 660.60 Td (on ) Tj ET Q q 0 0 0 rg BT 62.44 660.60 Td (a ) Tj ET Q q 0 0 0 rg BT 69.82 660.60 Td (cost-of-service ) Tj ET Q q 0 0 0 rg BT 132.17 660.60 Td (basis, ) Tj ET Q q 0 0 0 rg BT 157.61 660.60 Td (it ) Tj ET Q q 0 0 0 rg BT 166.10 660.60 Td (could ) Tj ET Q q 0 0 0 rg BT 191.26 660.60 Td (become ) Tj ET Q q 0 0 0 rg BT 225.29 660.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 256.55 660.60 Td (to ) Tj ET Q q 0 0 0 rg BT 267.27 660.60 Td (the ) Tj ET Q q 0 0 0 rg BT 282.42 660.60 Td (full ) Tj ET Q q 0 0 0 rg BT 299.25 660.60 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 348.56 660.60 Td (record ) Tj ET Q q 0 0 0 rg BT 377.04 660.60 Td (keeping ) Tj ET Q q 0 0 0 rg BT 411.63 660.60 Td (and ) Tj ET Q q 0 0 0 rg BT 429.01 660.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 468.60 660.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 523.74 660.60 Td (of ) Tj ET Q q 0 0 0 rg BT 535.01 660.60 Td (FERC. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 648.60 Td (Even ) Tj ET Q q 0 0 0 rg BT 73.11 648.60 Td (where ) Tj ET Q q 0 0 0 rg BT 100.61 648.60 Td (FERC ) Tj ET Q q 0 0 0 rg BT 128.68 648.60 Td (has ) Tj ET Q q 0 0 0 rg BT 145.08 648.60 Td (granted ) Tj ET Q q 0 0 0 rg BT 178.13 648.60 Td (market-based ) Tj ET Q q 0 0 0 rg BT 235.06 648.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 253.11 648.60 Td (authority) Tj ET Q q 0 0 0 rg BT 288.57 648.60 Td (, ) Tj ET Q q 0 0 0 rg BT 294.13 648.60 Td (FERC ) Tj ET Q q 0 0 0 rg BT 322.21 648.60 Td (may ) Tj ET Q q 0 0 0 rg BT 342.49 648.60 Td (impose ) Tj ET Q q 0 0 0 rg BT 374.45 648.60 Td (various ) Tj ET Q q 0 0 0 rg BT 406.95 648.60 Td (market ) Tj ET Q q 0 0 0 rg BT 437.78 648.60 Td (mitigation ) Tj ET Q q 0 0 0 rg BT 481.96 648.60 Td (measures, ) Tj ET Q q 0 0 0 rg BT 524.73 648.60 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 636.60 Td (price ) Tj ET Q q 0 0 0 rg BT 71.63 636.60 Td (caps, ) Tj ET Q q 0 0 0 rg BT 94.03 636.60 Td (bidding ) Tj ET Q q 0 0 0 rg BT 126.73 636.60 Td (rules ) Tj ET Q q 0 0 0 rg BT 148.31 636.60 Td (and ) Tj ET Q q 0 0 0 rg BT 164.89 636.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 204.79 636.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 251.37 636.60 Td (where ) Tj ET Q q 0 0 0 rg BT 277.93 636.60 Td (it ) Tj ET Q q 0 0 0 rg BT 285.63 636.60 Td (determines ) Tj ET Q q 0 0 0 rg BT 331.64 636.60 Td (that ) Tj ET Q q 0 0 0 rg BT 348.78 636.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 385.91 636.60 Td (market ) Tj ET Q q 0 0 0 rg BT 415.81 636.60 Td (power ) Tj ET Q q 0 0 0 rg BT 442.94 636.60 Td (might ) Tj ET Q q 0 0 0 rg BT 468.42 636.60 Td (exist ) Tj ET Q q 0 0 0 rg BT 489.45 636.60 Td (and ) Tj ET Q q 0 0 0 rg BT 506.02 636.60 Td (that ) Tj ET Q q 0 0 0 rg BT 523.16 636.60 Td (the ) Tj ET Q q 0 0 0 rg BT 537.52 636.60 Td (public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 624.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 81.02 624.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 115.31 624.60 Td (such ) Tj ET Q q 0 0 0 rg BT 135.72 624.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 172.80 624.60 Td (market ) Tj ET Q q 0 0 0 rg BT 202.64 624.60 Td (power ) Tj ET Q q 0 0 0 rg BT 229.72 624.60 Td (to ) Tj ET Q q 0 0 0 rg BT 239.58 624.60 Td (be ) Tj ET Q q 0 0 0 rg BT 251.10 624.60 Td (mitigated. ) Tj ET Q q 0 0 0 rg BT 293.00 624.60 Td (A) Tj ET Q q 0 0 0 rg BT 299.67 624.60 Td ( ) Tj ET Q q 0 0 0 rg BT 301.75 624.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 319.40 624.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 332.31 624.60 Td (or ) Tj ET Q q 0 0 0 rg BT 342.72 624.60 Td (an ) Tj ET Q q 0 0 0 rg BT 354.25 624.60 Td (inability ) Tj ET Q q 0 0 0 rg BT 389.66 624.60 Td (to ) Tj ET Q q 0 0 0 rg BT 399.52 624.60 Td (obtain, ) Tj ET Q q 0 0 0 rg BT 429.10 624.60 Td (market-based ) Tj ET Q q 0 0 0 rg BT 485.05 624.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 502.12 624.60 Td (authority ) Tj ET Q q 0 0 0 rg BT 540.30 624.60 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 612.60 Td (have ) Tj ET Q q 0 0 0 rg BT 71.04 612.60 Td (a ) Tj ET Q q 0 0 0 rg BT 78.13 612.60 Td (material ) Tj ET Q q 0 0 0 rg BT 113.55 612.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 146.75 612.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 176.62 612.60 Td (on ) Tj ET Q q 0 0 0 rg BT 189.28 612.60 Td (our ) Tj ET Q q 0 0 0 rg BT 205.26 612.60 Td (business. ) Tj ET Q q 0 0 0 rg BT 244.12 612.60 Td (W) Tj ET Q q 0 0 0 rg BT 252.76 612.60 Td (e ) Tj ET Q q 0 0 0 rg BT 259.86 612.60 Td (can ) Tj ET Q q 0 0 0 rg BT 276.39 612.60 Td (of) Tj ET Q q 0 0 0 rg BT 284.54 612.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 298.30 612.60 Td (no ) Tj ET Q q 0 0 0 rg BT 310.96 612.60 Td (assurance ) Tj ET Q q 0 0 0 rg BT 352.48 612.60 Td (that ) Tj ET Q q 0 0 0 rg BT 370.14 612.60 Td (FERC ) Tj ET Q q 0 0 0 rg BT 397.81 612.60 Td (will ) Tj ET Q q 0 0 0 rg BT 416.02 612.60 Td (not ) Tj ET Q q 0 0 0 rg BT 431.46 612.60 Td (revisit ) Tj ET Q q 0 0 0 rg BT 459.11 612.60 Td (its ) Tj ET Q q 0 0 0 rg BT 471.22 612.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 504.98 612.60 Td (at ) Tj ET Q q 0 0 0 rg BT 514.86 612.60 Td (some ) Tj ET Q q 0 0 0 rg BT 538.62 612.60 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 600.60 Td (time ) Tj ET Q q 0 0 0 rg BT 69.77 600.60 Td (with ) Tj ET Q q 0 0 0 rg BT 90.05 600.60 Td (the ) Tj ET Q q 0 0 0 rg BT 104.77 600.60 Td (ef) Tj ET Q q 0 0 0 rg BT 112.36 600.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 129.84 600.60 Td (of ) Tj ET Q q 0 0 0 rg BT 140.67 600.60 Td (limiting ) Tj ET Q q 0 0 0 rg BT 174.84 600.60 Td (market-based ) Tj ET Q q 0 0 0 rg BT 231.20 600.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 248.69 600.60 Td (authority) Tj ET Q q 0 0 0 rg BT 284.14 600.60 Td (, ) Tj ET Q q 0 0 0 rg BT 289.14 600.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 332.74 600.60 Td (waivers, ) Tj ET Q q 0 0 0 rg BT 368.84 600.60 Td (and ) Tj ET Q q 0 0 0 rg BT 385.77 600.60 Td (blanket ) Tj ET Q q 0 0 0 rg BT 417.71 600.60 Td (authorizations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 582.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 85.42 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 99.56 582.60 Td (Ener) Tj ET Q q 0 0 0 rg BT 118.26 582.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 130.18 582.60 Td (Policy ) Tj ET Q q 0 0 0 rg BT 157.24 582.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 173.60 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 183.86 582.60 Td (2005 ) Tj ET Q q 0 0 0 rg BT 205.79 582.60 Td (\(EP) Tj ET Q q 0 0 0 rg BT 224.31 582.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 240.67 582.60 Td (2005\), ) Tj ET Q q 0 0 0 rg BT 272.87 582.60 Td (FERC ) Tj ET Q q 0 0 0 rg BT 299.80 582.60 Td (has ) Tj ET Q q 0 0 0 rg BT 315.06 582.60 Td (approved ) Tj ET Q q 0 0 0 rg BT 354.19 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 368.34 582.60 Td (North ) Tj ET Q q 0 0 0 rg BT 393.17 582.60 Td (American ) Tj ET Q q 0 0 0 rg BT 434.52 582.60 Td (Electric ) Tj ET Q q 0 0 0 rg BT 467.53 582.60 Td (Reliability ) Tj ET Q q 0 0 0 rg BT 511.68 582.60 Td (Corporation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (or ) Tj ET Q q 0 0 0 rg BT 61.24 570.60 Td (NERC, ) Tj ET Q q 0 0 0 rg BT 102.70 570.60 Td (to ) Tj ET Q q 0 0 0 rg BT 113.89 570.60 Td (address ) Tj ET Q q 0 0 0 rg BT 147.29 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 162.92 570.60 Td (development ) Tj ET Q q 0 0 0 rg BT 217.98 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 235.83 570.60 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 289.21 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 300.95 570.60 Td (mandatory ) Tj ET Q q 0 0 0 rg BT 347.12 570.60 Td (reliability ) Tj ET Q q 0 0 0 rg BT 389.41 570.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 430.59 570.60 Td (for ) Tj ET Q q 0 0 0 rg BT 445.66 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 461.29 570.60 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 504.68 570.60 Td (electric ) Tj ET Q q 0 0 0 rg BT 537.51 570.60 Td (power ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (system. ) Tj ET Q q 0 0 0 rg BT 82.54 558.60 Td (Certain ) Tj ET Q q 0 0 0 rg BT 114.74 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 125.84 558.60 Td (our ) Tj ET Q q 0 0 0 rg BT 141.94 558.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 191.92 558.60 Td (are ) Tj ET Q q 0 0 0 rg BT 206.89 558.60 Td (responsible ) Tj ET Q q 0 0 0 rg BT 255.21 558.60 Td (for ) Tj ET Q q 0 0 0 rg BT 269.63 558.60 Td (complying ) Tj ET Q q 0 0 0 rg BT 315.17 558.60 Td (with ) Tj ET Q q 0 0 0 rg BT 335.72 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 350.70 558.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 391.23 558.60 Td (in ) Tj ET Q q 0 0 0 rg BT 401.78 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 416.76 558.60 Td (regions ) Tj ET Q q 0 0 0 rg BT 448.97 558.60 Td (in ) Tj ET Q q 0 0 0 rg BT 459.51 558.60 Td (which ) Tj ET Q q 0 0 0 rg BT 486.71 558.60 Td (we ) Tj ET Q q 0 0 0 rg BT 501.14 558.60 Td (operate. ) Tj ET Q q 0 0 0 rg BT 535.83 558.60 Td (NERC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (also ) Tj ET Q q 0 0 0 rg BT 68.34 546.60 Td (has ) Tj ET Q q 0 0 0 rg BT 84.41 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 99.36 546.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 127.64 546.60 Td (to ) Tj ET Q q 0 0 0 rg BT 138.15 546.60 Td (assess ) Tj ET Q q 0 0 0 rg BT 165.33 546.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 203.04 546.60 Td (penalties ) Tj ET Q q 0 0 0 rg BT 241.32 546.60 Td (for ) Tj ET Q q 0 0 0 rg BT 255.71 546.60 Td (non-compliance. ) Tj ET Q q 0 0 0 rg BT 325.36 546.60 Td (In ) Tj ET Q q 0 0 0 rg BT 336.43 546.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 371.93 546.60 Td (to ) Tj ET Q q 0 0 0 rg BT 382.45 546.60 Td (complying ) Tj ET Q q 0 0 0 rg BT 427.95 546.60 Td (with ) Tj ET Q q 0 0 0 rg BT 448.46 546.60 Td (NERC ) Tj ET Q q 0 0 0 rg BT 477.87 546.60 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 535.30 546.60 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 61.07 534.60 Td (our ) Tj ET Q q 0 0 0 rg BT 77.64 534.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 128.10 534.60 Td (must ) Tj ET Q q 0 0 0 rg BT 150.78 534.60 Td (comply ) Tj ET Q q 0 0 0 rg BT 184.02 534.60 Td (with ) Tj ET Q q 0 0 0 rg BT 205.04 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 220.49 534.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 275.94 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 287.51 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 302.96 534.60 Td (regional ) Tj ET Q q 0 0 0 rg BT 338.97 534.60 Td (reliability ) Tj ET Q q 0 0 0 rg BT 381.08 534.60 Td (council ) Tj ET Q q 0 0 0 rg BT 413.76 534.60 Td (for ) Tj ET Q q 0 0 0 rg BT 428.66 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 444.11 534.60 Td (region ) Tj ET Q q 0 0 0 rg BT 472.90 534.60 Td (in ) Tj ET Q q 0 0 0 rg BT 483.92 534.60 Td (which ) Tj ET Q q 0 0 0 rg BT 511.59 534.60 Td (that ) Tj ET Q q 0 0 0 rg BT 529.83 534.60 Td (entity ) Tj ET Q q 0 0 0 rg BT 555.84 534.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (located. ) Tj ET Q q 0 0 0 rg BT 83.08 522.60 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 133.61 522.60 Td (with ) Tj ET Q q 0 0 0 rg BT 153.60 522.60 Td (these ) Tj ET Q q 0 0 0 rg BT 176.36 522.60 Td (reliability ) Tj ET Q q 0 0 0 rg BT 217.44 522.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 257.42 522.60 Td (may ) Tj ET Q q 0 0 0 rg BT 276.85 522.60 Td (require ) Tj ET Q q 0 0 0 rg BT 307.37 522.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 351.79 522.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 393.99 522.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 418.70 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 435.35 522.60 Td (noncompliance ) Tj ET Q q 0 0 0 rg BT 498.65 522.60 Td (could ) Tj ET Q q 0 0 0 rg BT 523.07 522.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 553.61 522.60 Td (us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 510.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 103.37 510.60 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 155.84 510.60 Td (actions, ) Tj ET Q q 0 0 0 rg BT 189.17 510.60 Td (fines, ) Tj ET Q q 0 0 0 rg BT 213.61 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 230.54 510.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 270.80 510.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 319.39 510.60 Td (costs.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 58.50 492.60 Td (Public ) Tj ET Q q 0 0 0 rg BT 87.14 492.60 Td (Utility ) Tj ET Q q 0 0 0 rg BT 115.23 492.60 Td (Holding ) Tj ET Q q 0 0 0 rg BT 150.54 492.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 191.22 492.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 207.08 492.60 Td (of ) Tj ET Q q 0 0 0 rg BT 217.40 492.60 Td (2005) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.79 492.60 Td ( ) Tj ET Q q 0 0 0 rg BT 251.32 492.60 Td (PUHCA) Tj ET Q q 0 0 0 rg BT 284.67 492.60 Td ( ) Tj ET Q q 0 0 0 rg BT 287.21 492.60 Td (2005 ) Tj ET Q q 0 0 0 rg BT 309.74 492.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 346.71 492.60 Td (FERC ) Tj ET Q q 0 0 0 rg BT 374.26 492.60 Td (with ) Tj ET Q q 0 0 0 rg BT 394.57 492.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 424.31 492.60 Td (authority ) Tj ET Q q 0 0 0 rg BT 462.95 492.60 Td (over ) Tj ET Q q 0 0 0 rg BT 483.26 492.60 Td (and ) Tj ET Q q 0 0 0 rg BT 500.23 492.60 Td (access ) Tj ET Q q 0 0 0 rg BT 528.30 492.60 Td (to ) Tj ET Q q 0 0 0 rg BT 538.62 492.60 Td (books ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 480.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.76 480.60 Td (records ) Tj ET Q q 0 0 0 rg BT 99.02 480.60 Td (of ) Tj ET Q q 0 0 0 rg BT 110.17 480.60 Td (public ) Tj ET Q q 0 0 0 rg BT 137.99 480.60 Td (utility ) Tj ET Q q 0 0 0 rg BT 164.71 480.60 Td (holding ) Tj ET Q q 0 0 0 rg BT 198.09 480.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 243.68 480.60 Td (not ) Tj ET Q q 0 0 0 rg BT 259.28 480.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 300.98 480.60 Td (exempt ) Tj ET Q q 0 0 0 rg BT 333.24 480.60 Td (by ) Tj ET Q q 0 0 0 rg BT 346.06 480.60 Td (virtue ) Tj ET Q q 0 0 0 rg BT 372.21 480.60 Td (of ) Tj ET Q q 0 0 0 rg BT 383.37 480.60 Td (their ) Tj ET Q q 0 0 0 rg BT 404.52 480.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 449.00 480.60 Td (of ) Tj ET Q q 0 0 0 rg BT 460.16 480.60 Td (EWGs, ) Tj ET Q q 0 0 0 rg BT 492.14 480.60 Td (QFs, ) Tj ET Q q 0 0 0 rg BT 514.14 480.60 Td (and ) Tj ET Q q 0 0 0 rg BT 531.41 480.60 Td (Foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 468.60 Td (Utility ) Tj ET Q q 0 0 0 rg BT 77.47 468.60 Td (Companies, ) Tj ET Q q 0 0 0 rg BT 126.83 468.60 Td (as ) Tj ET Q q 0 0 0 rg BT 137.02 468.60 Td (defined ) Tj ET Q q 0 0 0 rg BT 168.87 468.60 Td (in ) Tj ET Q q 0 0 0 rg BT 178.50 468.60 Td (PUHCA) Tj ET Q q 0 0 0 rg BT 211.85 468.60 Td ( ) Tj ET Q q 0 0 0 rg BT 213.71 468.60 Td (2005. ) Tj ET Q q 0 0 0 rg BT 237.94 468.60 Td (W) Tj ET Q q 0 0 0 rg BT 246.57 468.60 Td (e ) Tj ET Q q 0 0 0 rg BT 252.87 468.60 Td (are ) Tj ET Q q 0 0 0 rg BT 266.94 468.60 Td (a ) Tj ET Q q 0 0 0 rg BT 273.24 468.60 Td (public ) Tj ET Q q 0 0 0 rg BT 300.09 468.60 Td (utility ) Tj ET Q q 0 0 0 rg BT 325.85 468.60 Td (holding ) Tj ET Q q 0 0 0 rg BT 358.26 468.60 Td (company) Tj ET Q q 0 0 0 rg BT 394.27 468.60 Td (, ) Tj ET Q q 0 0 0 rg BT 398.63 468.60 Td (but ) Tj ET Q q 0 0 0 rg BT 413.27 468.60 Td (because ) Tj ET Q q 0 0 0 rg BT 446.77 468.60 Td (all ) Tj ET Q q 0 0 0 rg BT 458.63 468.60 Td (of ) Tj ET Q q 0 0 0 rg BT 468.82 468.60 Td (our ) Tj ET Q q 0 0 0 rg BT 484.01 468.60 Td (generating ) Tj ET Q q 0 0 0 rg BT 528.07 468.60 Td (facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 456.60 Td (have ) Tj ET Q q 0 0 0 rg BT 71.34 456.60 Td (QF ) Tj ET Q q 0 0 0 rg BT 87.08 456.60 Td (status, ) Tj ET Q q 0 0 0 rg BT 115.32 456.60 Td (are ) Tj ET Q q 0 0 0 rg BT 130.49 456.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 172.32 456.60 Td (exempt, ) Tj ET Q q 0 0 0 rg BT 207.22 456.60 Td (or ) Tj ET Q q 0 0 0 rg BT 218.51 456.60 Td (are ) Tj ET Q q 0 0 0 rg BT 233.68 456.60 Td (owned ) Tj ET Q q 0 0 0 rg BT 263.30 456.60 Td (through ) Tj ET Q q 0 0 0 rg BT 297.37 456.60 Td (EWGs, ) Tj ET Q q 0 0 0 rg BT 329.49 456.60 Td (we ) Tj ET Q q 0 0 0 rg BT 344.11 456.60 Td (are ) Tj ET Q q 0 0 0 rg BT 359.27 456.60 Td (exempt ) Tj ET Q q 0 0 0 rg BT 391.67 456.60 Td (from ) Tj ET Q q 0 0 0 rg BT 414.07 456.60 Td (the ) Tj ET Q q 0 0 0 rg BT 429.25 456.60 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 478.58 456.60 Td (record ) Tj ET Q q 0 0 0 rg BT 507.08 456.60 Td (retention, ) Tj ET Q q 0 0 0 rg BT 548.08 456.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 444.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 88.66 444.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 143.36 444.60 Td (of ) Tj ET Q q 0 0 0 rg BT 154.19 444.60 Td (PUHCA) Tj ET Q q 0 0 0 rg BT 187.53 444.60 Td ( ) Tj ET Q q 0 0 0 rg BT 190.03 444.60 Td (2005.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 58.50 426.60 Td (Public ) Tj ET Q q 0 0 0 rg BT 87.22 426.60 Td (Utility ) Tj ET Q q 0 0 0 rg BT 115.40 426.60 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 162.45 426.60 Td (Policies ) Tj ET Q q 0 0 0 rg BT 197.10 426.60 Td (Act) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.81 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 224.43 426.60 Td (PURP) Tj ET Q q 0 0 0 rg BT 248.53 426.60 Td (A) Tj ET Q q 0 0 0 rg BT 255.20 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 257.82 426.60 Td (was ) Tj ET Q q 0 0 0 rg BT 275.99 426.60 Td (passed ) Tj ET Q q 0 0 0 rg BT 305.28 426.60 Td (in ) Tj ET Q q 0 0 0 rg BT 315.67 426.60 Td (1978 ) Tj ET Q q 0 0 0 rg BT 338.30 426.60 Td (in ) Tj ET Q q 0 0 0 rg BT 348.70 426.60 Td (lar) Tj ET Q q 0 0 0 rg BT 359.06 426.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 371.12 426.60 Td (part ) Tj ET Q q 0 0 0 rg BT 389.29 426.60 Td (to ) Tj ET Q q 0 0 0 rg BT 399.69 426.60 Td (promote ) Tj ET Q q 0 0 0 rg BT 435.63 426.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 476.01 426.60 Td (ener) Tj ET Q q 0 0 0 rg BT 493.04 426.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 505.66 426.60 Td (ef) Tj ET Q q 0 0 0 rg BT 513.25 426.60 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 548.07 426.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (development ) Tj ET Q q 0 0 0 rg BT 104.21 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 115.60 414.60 Td (independent ) Tj ET Q q 0 0 0 rg BT 167.53 414.60 Td (power ) Tj ET Q q 0 0 0 rg BT 195.58 414.60 Td (producers. ) Tj ET Q q 0 0 0 rg BT 240.56 414.60 Td (PURP) Tj ET Q q 0 0 0 rg BT 264.66 414.60 Td (A) Tj ET Q q 0 0 0 rg BT 271.33 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 274.39 414.60 Td (created ) Tj ET Q q 0 0 0 rg BT 306.31 414.60 Td (QFs ) Tj ET Q q 0 0 0 rg BT 326.04 414.60 Td (to ) Tj ET Q q 0 0 0 rg BT 336.88 414.60 Td (further ) Tj ET Q q 0 0 0 rg BT 367.14 414.60 Td (both ) Tj ET Q q 0 0 0 rg BT 387.98 414.60 Td (goals, ) Tj ET Q q 0 0 0 rg BT 414.64 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 432.14 414.60 Td (FERC ) Tj ET Q q 0 0 0 rg BT 460.21 414.60 Td (is ) Tj ET Q q 0 0 0 rg BT 469.94 414.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 510.21 414.60 Td (char) Tj ET Q q 0 0 0 rg BT 527.23 414.60 Td (ged ) Tj ET Q q 0 0 0 rg BT 544.73 414.60 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (administering ) Tj ET Q q 0 0 0 rg BT 107.62 402.60 Td (PURP) Tj ET Q q 0 0 0 rg BT 131.71 402.60 Td (A) Tj ET Q q 0 0 0 rg BT 138.38 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 141.51 402.60 Td (as ) Tj ET Q q 0 0 0 rg BT 152.97 402.60 Td (it ) Tj ET Q q 0 0 0 rg BT 161.65 402.60 Td (applies ) Tj ET Q q 0 0 0 rg BT 193.11 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 204.01 402.60 Td (QFs. ) Tj ET Q q 0 0 0 rg BT 226.31 402.60 Td (FERC ) Tj ET Q q 0 0 0 rg BT 254.45 402.60 Td (has ) Tj ET Q q 0 0 0 rg BT 270.91 402.60 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 324.58 402.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 372.14 402.60 Td (that ) Tj ET Q q 0 0 0 rg BT 390.26 402.60 Td (exempt ) Tj ET Q q 0 0 0 rg BT 422.82 402.60 Td (QFs ) Tj ET Q q 0 0 0 rg BT 442.63 402.60 Td (from ) Tj ET Q q 0 0 0 rg BT 465.19 402.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 514.41 402.60 Td (with ) Tj ET Q q 0 0 0 rg BT 535.31 402.60 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 94.05 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 105.27 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 120.37 390.60 Td (FP) Tj ET Q q 0 0 0 rg BT 130.57 390.60 Td (A, ) Tj ET Q q 0 0 0 rg BT 143.18 390.60 Td (PUHCA) Tj ET Q q 0 0 0 rg BT 176.52 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 179.40 390.60 Td (2005, ) Tj ET Q q 0 0 0 rg BT 204.79 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 222.11 390.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 252.20 390.60 Td (state ) Tj ET Q q 0 0 0 rg BT 273.40 390.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 294.62 390.60 Td (regulating ) Tj ET Q q 0 0 0 rg BT 338.04 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 353.14 390.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 374.90 390.60 Td (char) Tj ET Q q 0 0 0 rg BT 391.93 390.60 Td (ged ) Tj ET Q q 0 0 0 rg BT 409.25 390.60 Td (by) Tj ET Q q 0 0 0 rg BT 418.60 390.60 Td (, ) Tj ET Q q 0 0 0 rg BT 423.98 390.60 Td (or ) Tj ET Q q 0 0 0 rg BT 435.20 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 450.30 390.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 488.16 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 505.48 390.60 Td (or) Tj ET Q q 0 0 0 rg BT 513.63 390.60 Td (ganizational ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 87.72 378.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 100.68 378.60 Td (electric ) Tj ET Q q 0 0 0 rg BT 132.22 378.60 Td (utilities. ) Tj ET Q q 0 0 0 rg BT 166.70 378.60 Td (The ) Tj ET Q q 0 0 0 rg BT 184.37 378.60 Td (exemptions ) Tj ET Q q 0 0 0 rg BT 232.60 378.60 Td (af) Tj ET Q q 0 0 0 rg BT 240.19 378.60 Td (forded ) Tj ET Q q 0 0 0 rg BT 268.41 378.60 Td (by ) Tj ET Q q 0 0 0 rg BT 280.53 378.60 Td (PURP) Tj ET Q q 0 0 0 rg BT 304.63 378.60 Td (A) Tj ET Q q 0 0 0 rg BT 311.30 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 313.43 378.60 Td (to ) Tj ET Q q 0 0 0 rg BT 323.33 378.60 Td (QFs ) Tj ET Q q 0 0 0 rg BT 342.13 378.60 Td (from ) Tj ET Q q 0 0 0 rg BT 363.69 378.60 Td (regulation ) Tj ET Q q 0 0 0 rg BT 406.36 378.60 Td (under ) Tj ET Q q 0 0 0 rg BT 431.26 378.60 Td (the ) Tj ET Q q 0 0 0 rg BT 445.60 378.60 Td (FP) Tj ET Q q 0 0 0 rg BT 455.80 378.60 Td (A) Tj ET Q q 0 0 0 rg BT 462.47 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 464.60 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 481.16 378.60 Td (most ) Tj ET Q q 0 0 0 rg BT 502.74 378.60 Td (aspects ) Tj ET Q q 0 0 0 rg BT 533.74 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 544.19 378.60 Td (state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (electric ) Tj ET Q q 0 0 0 rg BT 81.42 366.60 Td (utility ) Tj ET Q q 0 0 0 rg BT 107.81 366.60 Td (regulation ) Tj ET Q q 0 0 0 rg BT 150.85 366.60 Td (are ) Tj ET Q q 0 0 0 rg BT 165.56 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 176.39 366.60 Td (great ) Tj ET Q q 0 0 0 rg BT 198.88 366.60 Td (importance ) Tj ET Q q 0 0 0 rg BT 246.36 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 256.63 366.60 Td (us ) Tj ET Q q 0 0 0 rg BT 268.03 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 284.96 366.60 Td (our ) Tj ET Q q 0 0 0 rg BT 300.79 366.60 Td (competitors ) Tj ET Q q 0 0 0 rg BT 350.51 366.60 Td (in ) Tj ET Q q 0 0 0 rg BT 360.78 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 375.50 366.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 394.20 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 396.70 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 413.64 366.60 Td (independent ) Tj ET Q q 0 0 0 rg BT 465.01 366.60 Td (power ) Tj ET Q q 0 0 0 rg BT 492.50 366.60 Td (industries.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 348.60 Td (PURP) Tj ET Q q 0 0 0 rg BT 82.60 348.60 Td (A) Tj ET Q q 0 0 0 rg BT 89.27 348.60 Td ( ) Tj ET Q q 0 0 0 rg BT 92.27 348.60 Td (also ) Tj ET Q q 0 0 0 rg BT 111.39 348.60 Td (initially ) Tj ET Q q 0 0 0 rg BT 145.50 348.60 Td (included ) Tj ET Q q 0 0 0 rg BT 182.94 348.60 Td (a ) Tj ET Q q 0 0 0 rg BT 190.38 348.60 Td (requirement ) Tj ET Q q 0 0 0 rg BT 241.70 348.60 Td (that ) Tj ET Q q 0 0 0 rg BT 259.70 348.60 Td (utilities ) Tj ET Q q 0 0 0 rg BT 292.70 348.60 Td (must ) Tj ET Q q 0 0 0 rg BT 315.16 348.60 Td (buy ) Tj ET Q q 0 0 0 rg BT 333.16 348.60 Td (and ) Tj ET Q q 0 0 0 rg BT 350.61 348.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 367.50 348.60 Td (power ) Tj ET Q q 0 0 0 rg BT 395.49 348.60 Td (to ) Tj ET Q q 0 0 0 rg BT 406.28 348.60 Td (QFs. ) Tj ET Q q 0 0 0 rg BT 427.80 348.60 Td (Among ) Tj ET Q q 0 0 0 rg BT 460.80 348.60 Td (other ) Tj ET Q q 0 0 0 rg BT 484.35 348.60 Td (things, ) Tj ET Q q 0 0 0 rg BT 514.31 348.60 Td (EP) Tj ET Q q 0 0 0 rg BT 525.06 348.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 542.50 348.60 Td (2005 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 336.60 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 95.67 336.60 Td (the ) Tj ET Q q 0 0 0 rg BT 111.85 336.60 Td (obligation ) Tj ET Q q 0 0 0 rg BT 156.36 336.60 Td (imposed ) Tj ET Q q 0 0 0 rg BT 194.21 336.60 Td (on ) Tj ET Q q 0 0 0 rg BT 208.17 336.60 Td (utilities ) Tj ET Q q 0 0 0 rg BT 242.13 336.60 Td (to ) Tj ET Q q 0 0 0 rg BT 253.87 336.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 293.37 336.60 Td (power ) Tj ET Q q 0 0 0 rg BT 322.32 336.60 Td (from ) Tj ET Q q 0 0 0 rg BT 345.72 336.60 Td (QFs ) Tj ET Q q 0 0 0 rg BT 366.36 336.60 Td (at ) Tj ET Q q 0 0 0 rg BT 377.54 336.60 Td (an ) Tj ET Q q 0 0 0 rg BT 390.94 336.60 Td (avoided ) Tj ET Q q 0 0 0 rg BT 426.55 336.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 446.62 336.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 465.57 336.60 Td (where ) Tj ET Q q 0 0 0 rg BT 493.96 336.60 Td (the ) Tj ET Q q 0 0 0 rg BT 510.14 336.60 Td (QF ) Tj ET Q q 0 0 0 rg BT 526.88 336.60 Td (has ) Tj ET Q q 0 0 0 rg BT 544.17 336.60 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 324.60 Td (discriminatory ) Tj ET Q q 0 0 0 rg BT 110.53 324.60 Td (access ) Tj ET Q q 0 0 0 rg BT 138.78 324.60 Td (to ) Tj ET Q q 0 0 0 rg BT 149.26 324.60 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 191.96 324.60 Td (ener) Tj ET Q q 0 0 0 rg BT 208.98 324.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 221.69 324.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 256.06 324.60 Td (having ) Tj ET Q q 0 0 0 rg BT 285.98 324.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 315.89 324.60 Td (characteristics, ) Tj ET Q q 0 0 0 rg BT 378.29 324.60 Td (including ) Tj ET Q q 0 0 0 rg BT 418.77 324.60 Td (nondiscriminatory ) Tj ET Q q 0 0 0 rg BT 494.80 324.60 Td (transmission ) Tj ET Q q 0 0 0 rg BT 548.07 324.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 312.60 Td (interconnection ) Tj ET Q q 0 0 0 rg BT 113.54 312.60 Td (services. ) Tj ET Q q 0 0 0 rg BT 150.10 312.60 Td (In ) Tj ET Q q 0 0 0 rg BT 160.27 312.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 197.39 312.60 Td (FERC ) Tj ET Q q 0 0 0 rg BT 224.25 312.60 Td (has ) Tj ET Q q 0 0 0 rg BT 239.42 312.60 Td (established ) Tj ET Q q 0 0 0 rg BT 285.70 312.60 Td (a ) Tj ET Q q 0 0 0 rg BT 291.99 312.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 334.92 312.60 Td (presumption ) Tj ET Q q 0 0 0 rg BT 386.77 312.60 Td (that ) Tj ET Q q 0 0 0 rg BT 403.61 312.60 Td (QFs ) Tj ET Q q 0 0 0 rg BT 422.13 312.60 Td (with ) Tj ET Q q 0 0 0 rg BT 441.75 312.60 Td (a ) Tj ET Q q 0 0 0 rg BT 448.04 312.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 483.19 312.60 Td (greater ) Tj ET Q q 0 0 0 rg BT 512.79 312.60 Td (than ) Tj ET Q q 0 0 0 rg BT 531.85 312.60 Td (20MW) Tj ET Q q 0 0 0 rg BT 562.50 312.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 300.60 Td (have ) Tj ET Q q 0 0 0 rg BT 70.97 300.60 Td (non-discriminatory ) Tj ET Q q 0 0 0 rg BT 150.22 300.60 Td (access ) Tj ET Q q 0 0 0 rg BT 178.35 300.60 Td (to ) Tj ET Q q 0 0 0 rg BT 188.72 300.60 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 231.30 300.60 Td (ener) Tj ET Q q 0 0 0 rg BT 248.33 300.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 260.92 300.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 295.17 300.60 Td (in ) Tj ET Q q 0 0 0 rg BT 305.54 300.60 Td (most ) Tj ET Q q 0 0 0 rg BT 327.58 300.60 Td (geographic ) Tj ET Q q 0 0 0 rg BT 374.60 300.60 Td (regions ) Tj ET Q q 0 0 0 rg BT 406.64 300.60 Td (in ) Tj ET Q q 0 0 0 rg BT 417.01 300.60 Td (which ) Tj ET Q q 0 0 0 rg BT 444.04 300.60 Td (we ) Tj ET Q q 0 0 0 rg BT 458.29 300.60 Td (operate. ) Tj ET Q q 0 0 0 rg BT 492.24 300.60 Td (As ) Tj ET Q q 0 0 0 rg BT 505.95 300.60 Td (a ) Tj ET Q q 0 0 0 rg BT 512.98 300.60 Td (result, ) Tj ET Q q 0 0 0 rg BT 540.29 300.60 Td (many ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 288.60 Td (of ) Tj ET Q q 0 0 0 rg BT 59.53 288.60 Td (our ) Tj ET Q q 0 0 0 rg BT 74.57 288.60 Td (expansion, ) Tj ET Q q 0 0 0 rg BT 119.32 288.60 Td (renewal ) Tj ET Q q 0 0 0 rg BT 152.67 288.60 Td (and ) Tj ET Q q 0 0 0 rg BT 168.81 288.60 Td (development ) Tj ET Q q 0 0 0 rg BT 222.17 288.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 255.53 288.60 Td (must ) Tj ET Q q 0 0 0 rg BT 276.68 288.60 Td (rely ) Tj ET Q q 0 0 0 rg BT 293.93 288.60 Td (on ) Tj ET Q q 0 0 0 rg BT 305.63 288.60 Td (competitive ) Tj ET Q q 0 0 0 rg BT 354.54 288.60 Td (ener) Tj ET Q q 0 0 0 rg BT 371.57 288.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 383.27 288.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 416.63 288.60 Td (rather ) Tj ET Q q 0 0 0 rg BT 441.65 288.60 Td (than ) Tj ET Q q 0 0 0 rg BT 460.57 288.60 Td (PURP) Tj ET Q q 0 0 0 rg BT 484.67 288.60 Td (A) Tj ET Q q 0 0 0 rg BT 490.78 288.60 Td () Tj ET Q q 0 0 0 rg BT 493.56 288.60 Td (s ) Tj ET Q q 0 0 0 rg BT 499.16 288.60 Td (historic ) Tj ET Q q 0 0 0 rg BT 530.86 288.60 Td (avoided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 276.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.11 276.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 89.49 276.60 Td (in ) Tj ET Q q 0 0 0 rg BT 99.76 276.60 Td (establishing ) Tj ET Q q 0 0 0 rg BT 150.04 276.60 Td (and ) Tj ET Q q 0 0 0 rg BT 166.98 276.60 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 217.24 276.60 Td (their ) Tj ET Q q 0 0 0 rg BT 238.07 276.60 Td (viability) Tj ET Q q 0 0 0 rg BT 270.75 276.60 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 58.50 258.60 Td (Recent ) Tj ET Q q 0 0 0 rg BT 89.33 258.60 Td (Policy ) Tj ET Q q 0 0 0 rg BT 117.37 258.60 Td (Debate ) Tj ET Q q 0 0 0 rg BT 148.74 258.60 Td (Regarding ) Tj ET Q q 0 0 0 rg BT 194.58 258.60 Td (Climate ) Tj ET Q q 0 0 0 rg BT 229.31 258.60 Td (Change ) Tj ET Q q 0 0 0 rg BT 264.04 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 282.10 258.60 Td (Renewable ) Tj ET Q q 0 0 0 rg BT 329.59 258.60 Td (Energy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 240.60 Td (The ) Tj ET Q q 0 0 0 rg BT 76.87 240.60 Td (public ) Tj ET Q q 0 0 0 rg BT 104.68 240.60 Td (and ) Tj ET Q q 0 0 0 rg BT 121.94 240.60 Td (political ) Tj ET Q q 0 0 0 rg BT 157.53 240.60 Td (debate ) Tj ET Q q 0 0 0 rg BT 186.44 240.60 Td (over ) Tj ET Q q 0 0 0 rg BT 207.03 240.60 Td (GHG ) Tj ET Q q 0 0 0 rg BT 231.52 240.60 Td (emissions ) Tj ET Q q 0 0 0 rg BT 273.78 240.60 Td (\(principally ) Tj ET Q q 0 0 0 rg BT 323.25 240.60 Td (CO) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.15 240.60 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 240.60 Td ( ) Tj ET Q q 0 0 0 rg BT 343.96 240.60 Td (and ) Tj ET Q q 0 0 0 rg BT 361.22 240.60 Td (methane\) ) Tj ET Q q 0 0 0 rg BT 401.25 240.60 Td (and ) Tj ET Q q 0 0 0 rg BT 418.50 240.60 Td (their ) Tj ET Q q 0 0 0 rg BT 439.65 240.60 Td (contribution ) Tj ET Q q 0 0 0 rg BT 491.35 240.60 Td (to ) Tj ET Q q 0 0 0 rg BT 501.95 240.60 Td (climate ) Tj ET Q q 0 0 0 rg BT 534.20 240.60 Td (change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 228.60 Td (continues ) Tj ET Q q 0 0 0 rg BT 90.61 228.60 Td (both ) Tj ET Q q 0 0 0 rg BT 111.18 228.60 Td (internationally ) Tj ET Q q 0 0 0 rg BT 172.28 228.60 Td (and ) Tj ET Q q 0 0 0 rg BT 189.51 228.60 Td (domestically) Tj ET Q q 0 0 0 rg BT 239.96 228.60 Td (. ) Tj ET Q q 0 0 0 rg BT 244.63 228.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 264.64 228.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 302.42 228.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 349.65 228.60 Td (could ) Tj ET Q q 0 0 0 rg BT 374.65 228.60 Td (in ) Tj ET Q q 0 0 0 rg BT 385.22 228.60 Td (the ) Tj ET Q q 0 0 0 rg BT 400.22 228.60 Td (future ) Tj ET Q q 0 0 0 rg BT 426.89 228.60 Td (af) Tj ET Q q 0 0 0 rg BT 434.48 228.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 452.25 228.60 Td (our ) Tj ET Q q 0 0 0 rg BT 468.37 228.60 Td (business. ) Tj ET Q q 0 0 0 rg BT 506.93 228.60 Td (As ) Tj ET Q q 0 0 0 rg BT 520.83 228.60 Td (is ) Tj ET Q q 0 0 0 rg BT 530.29 228.60 Td (the ) Tj ET Q q 0 0 0 rg BT 545.30 228.60 Td (case ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 216.60 Td (with ) Tj ET Q q 0 0 0 rg BT 70.55 216.60 Td (all ) Tj ET Q q 0 0 0 rg BT 83.81 216.60 Td (combustion, ) Tj ET Q q 0 0 0 rg BT 136.24 216.60 Td (our ) Tj ET Q q 0 0 0 rg BT 152.84 216.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 190.54 216.60 Td (emit ) Tj ET Q q 0 0 0 rg BT 211.58 216.60 Td (CO) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 225.47 216.60 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.47 216.60 Td (, ) Tj ET Q q 0 0 0 rg BT 235.24 216.60 Td (however ) Tj ET Q q 0 0 0 rg BT 272.94 216.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 291.63 216.60 Td ( ) Tj ET Q q 0 0 0 rg BT 294.90 216.60 Td (is ) Tj ET Q q 0 0 0 rg BT 304.84 216.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 351.97 216.60 Td (as ) Tj ET Q q 0 0 0 rg BT 363.57 216.60 Td (creating ) Tj ET Q q 0 0 0 rg BT 399.04 216.60 Td (net ) Tj ET Q q 0 0 0 rg BT 414.52 216.60 Td (reductions ) Tj ET Q q 0 0 0 rg BT 459.44 216.60 Td (in ) Tj ET Q q 0 0 0 rg BT 470.49 216.60 Td (GHG ) Tj ET Q q 0 0 0 rg BT 495.42 216.60 Td (emissions ) Tj ET Q q 0 0 0 rg BT 538.14 216.60 Td (and ) Tj ET Q q 0 0 0 rg BT 555.85 216.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 204.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 90.88 204.60 Td (environmentally ) Tj ET Q q 0 0 0 rg BT 158.91 204.60 Td (beneficial, ) Tj ET Q q 0 0 0 rg BT 203.33 204.60 Td (because ) Tj ET Q q 0 0 0 rg BT 237.48 204.60 Td (it:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 186.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 186.60 Td (avoids CO) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 110.00 186.60 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.00 186.60 Td ( emissions from fossil fuel power plants;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 174.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 174.60 Td (avoids methane emissions from landfills;and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 162.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 162.60 Td (avoids GHG emissions from mining and processing metal because it recovers and recycles metals from waste.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 144.60 Td (In ) Tj ET Q q 0 0 0 rg BT 69.68 144.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 107.81 144.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 126.51 144.60 Td ( ) Tj ET Q q 0 0 0 rg BT 129.36 144.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 166.64 144.60 Td (are ) Tj ET Q q 0 0 0 rg BT 181.71 144.60 Td (a ) Tj ET Q q 0 0 0 rg BT 189.00 144.60 Td (domestic ) Tj ET Q q 0 0 0 rg BT 227.96 144.60 Td (source ) Tj ET Q q 0 0 0 rg BT 256.91 144.60 Td (of ) Tj ET Q q 0 0 0 rg BT 268.09 144.60 Td (ener) Tj ET Q q 0 0 0 rg BT 285.12 144.60 Td (gy) Tj ET Q q 0 0 0 rg BT 294.47 144.60 Td (, ) Tj ET Q q 0 0 0 rg BT 299.82 144.60 Td (preserve ) Tj ET Q q 0 0 0 rg BT 336.54 144.60 Td (land, ) Tj ET Q q 0 0 0 rg BT 359.12 144.60 Td (and ) Tj ET Q q 0 0 0 rg BT 376.41 144.60 Td (are ) Tj ET Q q 0 0 0 rg BT 391.47 144.60 Td (typically ) Tj ET Q q 0 0 0 rg BT 429.31 144.60 Td (located ) Tj ET Q q 0 0 0 rg BT 461.04 144.60 Td (close ) Tj ET Q q 0 0 0 rg BT 484.44 144.60 Td (to ) Tj ET Q q 0 0 0 rg BT 495.07 144.60 Td (the ) Tj ET Q q 0 0 0 rg BT 510.14 144.60 Td (source ) Tj ET Q q 0 0 0 rg BT 539.10 144.60 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 144.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 132.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 75.36 132.60 Td (and ) Tj ET Q q 0 0 0 rg BT 92.89 132.60 Td (thus ) Tj ET Q q 0 0 0 rg BT 112.65 132.60 Td (typically ) Tj ET Q q 0 0 0 rg BT 150.74 132.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 180.47 132.60 Td (fossil ) Tj ET Q q 0 0 0 rg BT 205.24 132.60 Td (fuel ) Tj ET Q q 0 0 0 rg BT 223.88 132.60 Td (consumption ) Tj ET Q q 0 0 0 rg BT 278.63 132.60 Td (and ) Tj ET Q q 0 0 0 rg BT 296.16 132.60 Td (air ) Tj ET Q q 0 0 0 rg BT 309.80 132.60 Td (emissions ) Tj ET Q q 0 0 0 rg BT 352.34 132.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 396.53 132.60 Td (with ) Tj ET Q q 0 0 0 rg BT 417.40 132.60 Td (long-haul ) Tj ET Q q 0 0 0 rg BT 458.82 132.60 Td (transportation ) Tj ET Q q 0 0 0 rg BT 517.45 132.60 Td (of ) Tj ET Q q 0 0 0 rg BT 528.87 132.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 554.73 132.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 120.60 Td (landfills.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 102.60 Td (For ) Tj ET Q q 0 0 0 rg BT 75.05 102.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 102.69 102.60 Td (makers ) Tj ET Q q 0 0 0 rg BT 134.23 102.60 Td (at ) Tj ET Q q 0 0 0 rg BT 144.10 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 158.97 102.60 Td (local ) Tj ET Q q 0 0 0 rg BT 181.05 102.60 Td (level ) Tj ET Q q 0 0 0 rg BT 203.14 102.60 Td (who ) Tj ET Q q 0 0 0 rg BT 223.02 102.60 Td (make ) Tj ET Q q 0 0 0 rg BT 247.33 102.60 Td (decisions ) Tj ET Q q 0 0 0 rg BT 287.20 102.60 Td (on ) Tj ET Q q 0 0 0 rg BT 299.85 102.60 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 346.94 102.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 372.36 102.60 Td (management ) Tj ET Q q 0 0 0 rg BT 426.10 102.60 Td (alternatives, ) Tj ET Q q 0 0 0 rg BT 477.35 102.60 Td (we ) Tj ET Q q 0 0 0 rg BT 491.66 102.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 523.19 102.60 Td (that ) Tj ET Q q 0 0 0 rg BT 540.83 102.60 Td (using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 68.20 90.60 Td ( ) Tj ET Q q 0 0 0 rg BT 70.43 90.60 Td (instead ) Tj ET Q q 0 0 0 rg BT 100.99 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 111.56 90.60 Td (landfilling ) Tj ET Q q 0 0 0 rg BT 155.45 90.60 Td (will ) Tj ET Q q 0 0 0 rg BT 173.25 90.60 Td (result ) Tj ET Q q 0 0 0 rg BT 197.70 90.60 Td (in ) Tj ET Q q 0 0 0 rg BT 207.71 90.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 259.94 90.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 284.94 90.60 Td (net ) Tj ET Q q 0 0 0 rg BT 299.39 90.60 Td (GHG ) Tj ET Q q 0 0 0 rg BT 323.29 90.60 Td (emissions, ) Tj ET Q q 0 0 0 rg BT 367.48 90.60 Td (while ) Tj ET Q q 0 0 0 rg BT 391.93 90.60 Td (also ) Tj ET Q q 0 0 0 rg BT 410.27 90.60 Td (introducing ) Tj ET Q q 0 0 0 rg BT 458.61 90.60 Td (more ) Tj ET Q q 0 0 0 rg BT 481.39 90.60 Td (control ) Tj ET Q q 0 0 0 rg BT 511.95 90.60 Td (over ) Tj ET Q q 0 0 0 rg BT 531.96 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 546.41 90.60 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.85 78.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 86.63 78.60 Td (management ) Tj ET Q q 0 0 0 rg BT 140.73 78.60 Td (and ) Tj ET Q q 0 0 0 rg BT 158.19 78.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 187.87 78.60 Td (of ) Tj ET Q q 0 0 0 rg BT 199.22 78.60 Td (local ) Tj ET Q q 0 0 0 rg BT 221.67 78.60 Td (electrical ) Tj ET Q q 0 0 0 rg BT 261.32 78.60 Td (power) Tj ET Q q 0 0 0 rg BT 285.75 78.60 Td (. ) Tj ET Q q 0 0 0 rg BT 291.05 78.60 Td (W) Tj ET Q q 0 0 0 rg BT 299.69 78.60 Td (e ) Tj ET Q q 0 0 0 rg BT 307.14 78.60 Td (are ) Tj ET Q q 0 0 0 rg BT 322.37 78.60 Td (actively ) Tj ET Q q 0 0 0 rg BT 357.03 78.60 Td (engaged ) Tj ET Q q 0 0 0 rg BT 393.36 78.60 Td (in ) Tj ET Q q 0 0 0 rg BT 404.16 78.60 Td (encouraging ) Tj ET Q q 0 0 0 rg BT 456.59 78.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 484.60 78.60 Td (makers ) Tj ET Q q 0 0 0 rg BT 516.50 78.60 Td (at ) Tj ET Q q 0 0 0 rg BT 526.73 78.60 Td (state ) Tj ET Q q 0 0 0 rg BT 548.07 78.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 79.92 66.60 Td (levels ) Tj ET Q q 0 0 0 rg BT 105.90 66.60 Td (to ) Tj ET Q q 0 0 0 rg BT 116.34 66.60 Td (enact ) Tj ET Q q 0 0 0 rg BT 140.10 66.60 Td (legislation ) Tj ET Q q 0 0 0 rg BT 184.42 66.60 Td (that ) Tj ET Q q 0 0 0 rg BT 202.07 66.60 Td (supports ) Tj ET Q q 0 0 0 rg BT 238.63 66.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 257.32 66.60 Td ( ) Tj ET Q q 0 0 0 rg BT 259.98 66.60 Td (as ) Tj ET Q q 0 0 0 rg BT 270.97 66.60 Td (a ) Tj ET Q q 0 0 0 rg BT 278.07 66.60 Td (superior ) Tj ET Q q 0 0 0 rg BT 313.50 66.60 Td (choice ) Tj ET Q q 0 0 0 rg BT 342.26 66.60 Td (for ) Tj ET Q q 0 0 0 rg BT 356.58 66.60 Td (communities ) Tj ET Q q 0 0 0 rg BT 410.90 66.60 Td (to ) Tj ET Q q 0 0 0 rg BT 421.34 66.60 Td (avoid ) Tj ET Q q 0 0 0 rg BT 446.22 66.60 Td (both ) Tj ET Q q 0 0 0 rg BT 466.66 66.60 Td (the ) Tj ET Q q 0 0 0 rg BT 481.54 66.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 541.96 66.60 Td (harm ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 54.60 Td (caused ) Tj ET Q q 0 0 0 rg BT 79.21 54.60 Td (by ) Tj ET Q q 0 0 0 rg BT 91.71 54.60 Td (landfilling ) Tj ET Q q 0 0 0 rg BT 135.87 54.60 Td (waste, ) Tj ET Q q 0 0 0 rg BT 163.64 54.60 Td (and ) Tj ET Q q 0 0 0 rg BT 180.57 54.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 209.72 54.60 Td (local ) Tj ET Q q 0 0 0 rg BT 231.65 54.60 Td (reliance ) Tj ET Q q 0 0 0 rg BT 265.79 54.60 Td (on ) Tj ET Q q 0 0 0 rg BT 278.29 54.60 Td (fossil ) Tj ET Q q 0 0 0 rg BT 302.46 54.60 Td (fuels ) Tj ET Q q 0 0 0 rg BT 324.40 54.60 Td (as ) Tj ET Q q 0 0 0 rg BT 335.23 54.60 Td (a ) Tj ET Q q 0 0 0 rg BT 342.17 54.60 Td (source ) Tj ET Q q 0 0 0 rg BT 370.77 54.60 Td (of ) Tj ET Q q 0 0 0 rg BT 381.60 54.60 Td (ener) Tj ET Q q 0 0 0 rg BT 398.63 54.60 Td (gy) Tj ET Q q 0 0 0 rg BT 407.98 54.60 Td (.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 588.60 Td (In ) Tj ET Q q 0 0 0 rg BT 68.82 588.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 103.58 588.60 Td (to ) Tj ET Q q 0 0 0 rg BT 113.34 588.60 Td (the ) Tj ET Q q 0 0 0 rg BT 127.55 588.60 Td (new ) Tj ET Q q 0 0 0 rg BT 146.20 588.60 Td (EP) Tj ET Q q 0 0 0 rg BT 156.95 588.60 Td (A) Tj ET Q q 0 0 0 rg BT 163.62 588.60 Td ( ) Tj ET Q q 0 0 0 rg BT 165.60 588.60 Td (rules, ) Tj ET Q q 0 0 0 rg BT 189.53 588.60 Td (several ) Tj ET Q q 0 0 0 rg BT 219.83 588.60 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 261.26 588.60 Td (have ) Tj ET Q q 0 0 0 rg BT 282.12 588.60 Td (been ) Tj ET Q q 0 0 0 rg BT 302.99 588.60 Td (developed ) Tj ET Q q 0 0 0 rg BT 346.07 588.60 Td (at ) Tj ET Q q 0 0 0 rg BT 355.27 588.60 Td (the ) Tj ET Q q 0 0 0 rg BT 369.48 588.60 Td (state ) Tj ET Q q 0 0 0 rg BT 389.79 588.60 Td (or ) Tj ET Q q 0 0 0 rg BT 400.11 588.60 Td (regional ) Tj ET Q q 0 0 0 rg BT 434.86 588.60 Td (levels, ) Tj ET Q q 0 0 0 rg BT 462.67 588.60 Td (and ) Tj ET Q q 0 0 0 rg BT 479.10 588.60 Td (some ) Tj ET Q q 0 0 0 rg BT 502.19 588.60 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 543.62 588.60 Td (exist ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 576.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 576.60 Td (regions ) Tj ET Q q 0 0 0 rg BT 91.72 576.60 Td (where ) Tj ET Q q 0 0 0 rg BT 118.65 576.60 Td (we ) Tj ET Q q 0 0 0 rg BT 132.81 576.60 Td (have ) Tj ET Q q 0 0 0 rg BT 154.18 576.60 Td (projects. ) Tj ET Q q 0 0 0 rg BT 190.84 576.60 Td (For ) Tj ET Q q 0 0 0 rg BT 207.23 576.60 Td (example:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 558.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 558.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.58 558.60 Td (Regional ) Tj ET Q q 0 0 0 rg BT 124.21 558.60 Td (Greenhouse ) Tj ET Q q 0 0 0 rg BT 174.50 558.60 Td (Gas ) Tj ET Q q 0 0 0 rg BT 192.59 558.60 Td (Initiative ) Tj ET Q q 0 0 0 rg BT 231.22 558.60 Td (\(RGGI\) ) Tj ET Q q 0 0 0 rg BT 273.73 558.60 Td (is ) Tj ET Q q 0 0 0 rg BT 282.93 558.60 Td (an ) Tj ET Q q 0 0 0 rg BT 294.90 558.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 335.20 558.60 Td (regional ) Tj ET Q q 0 0 0 rg BT 370.49 558.60 Td (cap-and-trade ) Tj ET Q q 0 0 0 rg BT 436.86 558.60 Td (program ) Tj ET Q q 0 0 0 rg BT 473.27 558.60 Td (focused ) Tj ET Q q 0 0 0 rg BT 506.90 558.60 Td (on ) Tj ET Q q 0 0 0 rg BT 519.43 558.60 Td (fossil ) Tj ET Q q 0 0 0 rg BT 543.64 558.60 Td (fuel-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 546.60 Td (fired ) Tj ET Q q 0 0 0 rg BT 89.10 546.60 Td (electric ) Tj ET Q q 0 0 0 rg BT 121.25 546.60 Td (generators ) Tj ET Q q 0 0 0 rg BT 165.62 546.60 Td (which ) Tj ET Q q 0 0 0 rg BT 192.79 546.60 Td (does ) Tj ET Q q 0 0 0 rg BT 213.85 546.60 Td (not ) Tj ET Q q 0 0 0 rg BT 229.35 546.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 262.62 546.60 Td (af) Tj ET Q q 0 0 0 rg BT 270.21 546.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 287.92 546.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 306.62 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 309.34 546.60 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 348.80 546.60 Td (W) Tj ET Q q 0 0 0 rg BT 357.44 546.60 Td (e ) Tj ET Q q 0 0 0 rg BT 364.60 546.60 Td (operate ) Tj ET Q q 0 0 0 rg BT 396.76 546.60 Td (one ) Tj ET Q q 0 0 0 rg BT 413.92 546.60 Td (fossil-fuel ) Tj ET Q q 0 0 0 rg BT 457.20 546.60 Td (fired ) Tj ET Q q 0 0 0 rg BT 478.80 546.60 Td (boiler ) Tj ET Q q 0 0 0 rg BT 504.85 546.60 Td (at ) Tj ET Q q 0 0 0 rg BT 514.80 546.60 Td (our ) Tj ET Q q 0 0 0 rg BT 530.85 546.60 Td (Niagara ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 534.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 98.32 534.60 Td (included ) Tj ET Q q 0 0 0 rg BT 135.25 534.60 Td (in ) Tj ET Q q 0 0 0 rg BT 145.53 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 160.25 534.60 Td (RGGI ) Tj ET Q q 0 0 0 rg BT 187.19 534.60 Td (program.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 516.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 516.60 Td (California's ) Tj ET Q q 0 0 0 rg BT 116.34 516.60 Td (Global ) Tj ET Q q 0 0 0 rg BT 145.98 516.60 Td (W) Tj ET Q q 0 0 0 rg BT 154.62 516.60 Td (arming ) Tj ET Q q 0 0 0 rg BT 185.55 516.60 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 225.37 516.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 242.42 516.60 Td (of ) Tj ET Q q 0 0 0 rg BT 253.36 516.60 Td (2006 ) Tj ET Q q 0 0 0 rg BT 275.97 516.60 Td (\("AB ) Tj ET Q q 0 0 0 rg BT 299.88 516.60 Td (32"\), ) Tj ET Q q 0 0 0 rg BT 322.40 516.60 Td (seeks ) Tj ET Q q 0 0 0 rg BT 346.67 516.60 Td (to ) Tj ET Q q 0 0 0 rg BT 357.06 516.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 386.31 516.60 Td (GHG ) Tj ET Q q 0 0 0 rg BT 410.59 516.60 Td (emissions ) Tj ET Q q 0 0 0 rg BT 452.64 516.60 Td (in ) Tj ET Q q 0 0 0 rg BT 463.03 516.60 Td (California ) Tj ET Q q 0 0 0 rg BT 506.18 516.60 Td (to ) Tj ET Q q 0 0 0 rg BT 516.57 516.60 Td (1990 ) Tj ET Q q 0 0 0 rg BT 539.18 516.60 Td (levels ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 504.60 Td (by ) Tj ET Q q 0 0 0 rg BT 80.04 504.60 Td (2020. ) Tj ET Q q 0 0 0 rg BT 104.52 504.60 Td (AB ) Tj ET Q q 0 0 0 rg BT 120.95 504.60 Td (32 ) Tj ET Q q 0 0 0 rg BT 133.49 504.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 169.35 504.60 Td (an ) Tj ET Q q 0 0 0 rg BT 181.33 504.60 Td (economy-wide ) Tj ET Q q 0 0 0 rg BT 243.29 504.60 Td (cap-and-trade ) Tj ET Q q 0 0 0 rg BT 309.67 504.60 Td (program, ) Tj ET Q q 0 0 0 rg BT 348.58 504.60 Td (which ) Tj ET Q q 0 0 0 rg BT 375.56 504.60 Td (could ) Tj ET Q q 0 0 0 rg BT 400.32 504.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 430.07 504.60 Td (our ) Tj ET Q q 0 0 0 rg BT 445.94 504.60 Td (California ) Tj ET Q q 0 0 0 rg BT 489.02 504.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 507.72 504.60 Td ( ) Tj ET Q q 0 0 0 rg BT 510.25 504.60 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 549.72 504.60 Td (but ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 492.60 Td (not ) Tj ET Q q 0 0 0 rg BT 82.30 492.60 Td (our ) Tj ET Q q 0 0 0 rg BT 97.64 492.60 Td (biomass ) Tj ET Q q 0 0 0 rg BT 132.44 492.60 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 171.39 492.60 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 217.84 492.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 270.40 492.60 Td (in ) Tj ET Q q 0 0 0 rg BT 280.20 492.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 302.21 492.60 Td (and ) Tj ET Q q 0 0 0 rg BT 318.67 492.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 340.69 492.60 Td (excluded ) Tj ET Q q 0 0 0 rg BT 378.80 492.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 397.50 492.60 Td ( ) Tj ET Q q 0 0 0 rg BT 399.51 492.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 435.96 492.60 Td (from ) Tj ET Q q 0 0 0 rg BT 457.42 492.60 Td (the ) Tj ET Q q 0 0 0 rg BT 471.65 492.60 Td (cap-and-trade ) Tj ET Q q 0 0 0 rg BT 528.63 492.60 Td (program ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 480.60 Td (through ) Tj ET Q q 0 0 0 rg BT 101.15 480.60 Td (the ) Tj ET Q q 0 0 0 rg BT 115.90 480.60 Td (end ) Tj ET Q q 0 0 0 rg BT 132.88 480.60 Td (of ) Tj ET Q q 0 0 0 rg BT 143.75 480.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 166.29 480.60 Td (and ) Tj ET Q q 0 0 0 rg BT 183.27 480.60 Td (proposed ) Tj ET Q q 0 0 0 rg BT 222.47 480.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 275.55 480.60 Td (to ) Tj ET Q q 0 0 0 rg BT 285.86 480.60 Td (the ) Tj ET Q q 0 0 0 rg BT 300.62 480.60 Td (program ) Tj ET Q q 0 0 0 rg BT 337.04 480.60 Td (would ) Tj ET Q q 0 0 0 rg BT 364.58 480.60 Td (exclude ) Tj ET Q q 0 0 0 rg BT 398.21 480.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 416.90 480.60 Td ( ) Tj ET Q q 0 0 0 rg BT 419.44 480.60 Td (through ) Tj ET Q q 0 0 0 rg BT 453.09 480.60 Td (the ) Tj ET Q q 0 0 0 rg BT 467.85 480.60 Td (end ) Tj ET Q q 0 0 0 rg BT 484.82 480.60 Td (of ) Tj ET Q q 0 0 0 rg BT 495.69 480.60 Td (2017. ) Tj ET Q q 0 0 0 rg BT 520.55 480.60 Td (The ) Tj ET Q q 0 0 0 rg BT 538.63 480.60 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 468.60 Td (treatment ) Tj ET Q q 0 0 0 rg BT 107.76 468.60 Td (of ) Tj ET Q q 0 0 0 rg BT 118.59 468.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 137.29 468.60 Td ( ) Tj ET Q q 0 0 0 rg BT 139.79 468.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 176.71 468.60 Td (under ) Tj ET Q q 0 0 0 rg BT 201.98 468.60 Td (this ) Tj ET Q q 0 0 0 rg BT 218.93 468.60 Td (program ) Tj ET Q q 0 0 0 rg BT 255.31 468.60 Td (is ) Tj ET Q q 0 0 0 rg BT 264.48 468.60 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 304.18 468.60 Td (at ) Tj ET Q q 0 0 0 rg BT 313.90 468.60 Td (this ) Tj ET Q q 0 0 0 rg BT 330.84 468.60 Td (time. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 450.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 450.60 Td (The ) Tj ET Q q 0 0 0 rg BT 84.86 450.60 Td (province ) Tj ET Q q 0 0 0 rg BT 121.66 450.60 Td (of ) Tj ET Q q 0 0 0 rg BT 131.80 450.60 Td (Ontario, ) Tj ET Q q 0 0 0 rg BT 166.66 450.60 Td (Canada ) Tj ET Q q 0 0 0 rg BT 198.45 450.60 Td (has ) Tj ET Q q 0 0 0 rg BT 213.59 450.60 Td (developed ) Tj ET Q q 0 0 0 rg BT 256.50 450.60 Td (a ) Tj ET Q q 0 0 0 rg BT 262.75 450.60 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 310.10 450.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 325.24 450.60 Td (cap ) Tj ET Q q 0 0 0 rg BT 340.93 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 357.18 450.60 Td (trade ) Tj ET Q q 0 0 0 rg BT 378.97 450.60 Td (program ) Tj ET Q q 0 0 0 rg BT 414.66 450.60 Td (under ) Tj ET Q q 0 0 0 rg BT 439.24 450.60 Td (which ) Tj ET Q q 0 0 0 rg BT 465.49 450.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 484.19 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 486.00 450.60 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 524.74 450.60 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 81.70 438.60 Td (Durham-Y) Tj ET Q q 0 0 0 rg BT 124.02 438.60 Td (ork ) Tj ET Q q 0 0 0 rg BT 139.34 438.60 Td (facility) Tj ET Q q 0 0 0 rg BT 167.01 438.60 Td (, ) Tj ET Q q 0 0 0 rg BT 171.50 438.60 Td (do ) Tj ET Q q 0 0 0 rg BT 183.49 438.60 Td (not ) Tj ET Q q 0 0 0 rg BT 198.25 438.60 Td (incur ) Tj ET Q q 0 0 0 rg BT 220.79 438.60 Td (a ) Tj ET Q q 0 0 0 rg BT 227.21 438.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 275.29 438.60 Td (obligation ) Tj ET Q q 0 0 0 rg BT 317.83 438.60 Td (under ) Tj ET Q q 0 0 0 rg BT 342.58 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 356.79 438.60 Td (program ) Tj ET Q q 0 0 0 rg BT 392.65 438.60 Td (through ) Tj ET Q q 0 0 0 rg BT 425.75 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 439.95 438.60 Td (end ) Tj ET Q q 0 0 0 rg BT 456.38 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 466.69 438.60 Td (2020. ) Tj ET Q q 0 0 0 rg BT 491.04 438.60 Td (W) Tj ET Q q 0 0 0 rg BT 499.68 438.60 Td (e ) Tj ET Q q 0 0 0 rg BT 506.10 438.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 534.74 438.60 Td (predict ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 426.60 Td (at ) Tj ET Q q 0 0 0 rg BT 77.22 426.60 Td (this ) Tj ET Q q 0 0 0 rg BT 94.17 426.60 Td (time ) Tj ET Q q 0 0 0 rg BT 114.44 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 129.16 426.60 Td (treatment ) Tj ET Q q 0 0 0 rg BT 169.41 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 180.24 426.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 198.94 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 201.44 426.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 238.37 426.60 Td (after ) Tj ET Q q 0 0 0 rg BT 259.18 426.60 Td (2020.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 58.50 408.60 Td (International ) Tj ET Q q 0 0 0 rg BT 116.02 408.60 Td (Climate ) Tj ET Q q 0 0 0 rg BT 150.74 408.60 Td (Change ) Tj ET Q q 0 0 0 rg BT 185.47 408.60 Td (Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 390.60 Td (Certain ) Tj ET Q q 0 0 0 rg BT 90.12 390.60 Td (international ) Tj ET Q q 0 0 0 rg BT 142.84 390.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 176.68 390.60 Td (in ) Tj ET Q q 0 0 0 rg BT 186.64 390.60 Td (which ) Tj ET Q q 0 0 0 rg BT 213.26 390.60 Td (we ) Tj ET Q q 0 0 0 rg BT 227.11 390.60 Td (compete ) Tj ET Q q 0 0 0 rg BT 263.16 390.60 Td (have ) Tj ET Q q 0 0 0 rg BT 284.22 390.60 Td (recently ) Tj ET Q q 0 0 0 rg BT 318.61 390.60 Td (adopted ) Tj ET Q q 0 0 0 rg BT 352.45 390.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 395.73 390.60 Td (or ) Tj ET Q q 0 0 0 rg BT 406.24 390.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 433.42 390.60 Td (frameworks ) Tj ET Q q 0 0 0 rg BT 483.36 390.60 Td (that ) Tj ET Q q 0 0 0 rg BT 500.54 390.60 Td (encourage ) Tj ET Q q 0 0 0 rg BT 543.81 390.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 562.51 390.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 83.66 378.60 Td (as ) Tj ET Q q 0 0 0 rg BT 94.49 378.60 Td (important ) Tj ET Q q 0 0 0 rg BT 135.87 378.60 Td (components ) Tj ET Q q 0 0 0 rg BT 186.69 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 197.52 378.60 Td (GHG ) Tj ET Q q 0 0 0 rg BT 221.69 378.60 Td (emission ) Tj ET Q q 0 0 0 rg BT 259.74 378.60 Td (reduction ) Tj ET Q q 0 0 0 rg BT 300.01 378.60 Td (strategies, ) Tj ET Q q 0 0 0 rg BT 342.77 378.60 Td (as ) Tj ET Q q 0 0 0 rg BT 353.60 378.60 Td (well ) Tj ET Q q 0 0 0 rg BT 373.32 378.60 Td (as ) Tj ET Q q 0 0 0 rg BT 384.15 378.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 409.42 378.60 Td (management ) Tj ET Q q 0 0 0 rg BT 463.01 378.60 Td (planning ) Tj ET Q q 0 0 0 rg BT 500.50 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 517.44 378.60 Td (practice.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 359.2669921875 m 142.3623046875 359.2669921875 l s q 0 0 0 rg BT 58.50 360.60 Td (The ) Tj ET Q q 0 0 0 rg BT 76.55 360.60 Td (European ) Tj ET Q q 0 0 0 rg BT 117.36 360.60 Td (Union) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 342.60 Td (The ) Tj ET Q q 0 0 0 rg BT 76.07 342.60 Td (European ) Tj ET Q q 0 0 0 rg BT 116.41 342.60 Td (Union ) Tj ET Q q 0 0 0 rg BT 143.43 342.60 Td (has ) Tj ET Q q 0 0 0 rg BT 158.78 342.60 Td (adopted ) Tj ET Q q 0 0 0 rg BT 192.46 342.60 Td (legislation ) Tj ET Q q 0 0 0 rg BT 236.14 342.60 Td (which ) Tj ET Q q 0 0 0 rg BT 262.60 342.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 296.83 342.60 Td (member ) Tj ET Q q 0 0 0 rg BT 331.61 342.60 Td (states ) Tj ET Q q 0 0 0 rg BT 355.85 342.60 Td (to ) Tj ET Q q 0 0 0 rg BT 365.65 342.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 394.32 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 408.55 342.60 Td (utilization ) Tj ET Q q 0 0 0 rg BT 451.12 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 461.47 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 477.93 342.60 Td (reliance ) Tj ET Q q 0 0 0 rg BT 511.60 342.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 533.62 342.60 Td (landfill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (disposal. ) Tj ET Q q 0 0 0 rg BT 87.25 330.60 Td (The ) Tj ET Q q 0 0 0 rg BT 105.46 330.60 Td (legislation ) Tj ET Q q 0 0 0 rg BT 149.78 330.60 Td (emanating ) Tj ET Q q 0 0 0 rg BT 194.09 330.60 Td (from ) Tj ET Q q 0 0 0 rg BT 216.19 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 231.07 330.60 Td (European ) Tj ET Q q 0 0 0 rg BT 272.04 330.60 Td (Union ) Tj ET Q q 0 0 0 rg BT 299.70 330.60 Td (is ) Tj ET Q q 0 0 0 rg BT 309.03 330.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 348.91 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 359.35 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 374.22 330.60 Td (form ) Tj ET Q q 0 0 0 rg BT 396.32 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 407.32 330.60 Td (Directives, ) Tj ET Q q 0 0 0 rg BT 462.45 330.60 Td (which ) Tj ET Q q 0 0 0 rg BT 489.55 330.60 Td (are ) Tj ET Q q 0 0 0 rg BT 504.42 330.60 Td (binding ) Tj ET Q q 0 0 0 rg BT 537.63 330.60 Td (on ) Tj ET Q q 0 0 0 rg BT 550.29 330.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (member ) Tj ET Q q 0 0 0 rg BT 84.87 318.60 Td (states ) Tj ET Q q 0 0 0 rg BT 109.70 318.60 Td (but ) Tj ET Q q 0 0 0 rg BT 125.09 318.60 Td (must ) Tj ET Q q 0 0 0 rg BT 147.15 318.60 Td (be ) Tj ET Q q 0 0 0 rg BT 159.19 318.60 Td (transposed ) Tj ET Q q 0 0 0 rg BT 204.57 318.60 Td (through ) Tj ET Q q 0 0 0 rg BT 238.29 318.60 Td (national ) Tj ET Q q 0 0 0 rg BT 273.11 318.60 Td (enabling ) Tj ET Q q 0 0 0 rg BT 310.16 318.60 Td (legislation ) Tj ET Q q 0 0 0 rg BT 354.43 318.60 Td (to ) Tj ET Q q 0 0 0 rg BT 364.81 318.60 Td (implement ) Tj ET Q q 0 0 0 rg BT 410.19 318.60 Td (their ) Tj ET Q q 0 0 0 rg BT 431.13 318.60 Td (practical ) Tj ET Q q 0 0 0 rg BT 468.16 318.60 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 525.47 318.60 Td (a ) Tj ET Q q 0 0 0 rg BT 532.52 318.60 Td (process ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (which ) Tj ET Q q 0 0 0 rg BT 76.27 306.60 Td (can ) Tj ET Q q 0 0 0 rg BT 92.48 306.60 Td (result ) Tj ET Q q 0 0 0 rg BT 117.03 306.60 Td (in ) Tj ET Q q 0 0 0 rg BT 127.15 306.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 171.69 306.60 Td (variance ) Tj ET Q q 0 0 0 rg BT 207.89 306.60 Td (between ) Tj ET Q q 0 0 0 rg BT 243.54 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 258.09 306.60 Td (legislative ) Tj ET Q q 0 0 0 rg BT 301.52 306.60 Td (schemes ) Tj ET Q q 0 0 0 rg BT 337.73 306.60 Td (introduced ) Tj ET Q q 0 0 0 rg BT 382.83 306.60 Td (by ) Tj ET Q q 0 0 0 rg BT 395.16 306.60 Td (member ) Tj ET Q q 0 0 0 rg BT 430.26 306.60 Td (states. ) Tj ET Q q 0 0 0 rg BT 457.31 306.60 Td (Certain ) Tj ET Q q 0 0 0 rg BT 489.08 306.60 Td (Directives ) Tj ET Q q 0 0 0 rg BT 532.51 306.60 Td (notably ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 294.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 74.11 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 88.36 294.60 Td (regulation ) Tj ET Q q 0 0 0 rg BT 130.94 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 141.30 294.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 160.00 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 162.03 294.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 198.50 294.60 Td (across ) Tj ET Q q 0 0 0 rg BT 225.52 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 239.78 294.60 Td (European ) Tj ET Q q 0 0 0 rg BT 280.13 294.60 Td (Union. ) Tj ET Q q 0 0 0 rg BT 309.51 294.60 Td (These ) Tj ET Q q 0 0 0 rg BT 335.43 294.60 Td (include ) Tj ET Q q 0 0 0 rg BT 366.89 294.60 Td (\(1\)Directive ) Tj ET Q q 0 0 0 rg BT 420.29 294.60 Td (2010/75/EU ) Tj ET Q q 0 0 0 rg BT 471.21 294.60 Td (on ) Tj ET Q q 0 0 0 rg BT 483.25 294.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 523.06 294.60 Td (emissions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 67.72 282.60 Td ("Industrial ) Tj ET Q q 0 0 0 rg BT 112.79 282.60 Td (Emissions ) Tj ET Q q 0 0 0 rg BT 156.58 282.60 Td (Directive"\) ) Tj ET Q q 0 0 0 rg BT 203.87 282.60 Td (which ) Tj ET Q q 0 0 0 rg BT 230.97 282.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 284.19 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 301.29 282.60 Td (replaced ) Tj ET Q q 0 0 0 rg BT 337.83 282.60 Td (seven ) Tj ET Q q 0 0 0 rg BT 363.27 282.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 397.60 282.60 Td (Directives, ) Tj ET Q q 0 0 0 rg BT 443.86 282.60 Td (including ) Tj ET Q q 0 0 0 rg BT 484.31 282.60 Td (Directive ) Tj ET Q q 0 0 0 rg BT 524.18 282.60 Td (96/61/EC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (concerning ) Tj ET Q q 0 0 0 rg BT 96.84 270.60 Td (integrated ) Tj ET Q q 0 0 0 rg BT 139.73 270.60 Td (pollution ) Tj ET Q q 0 0 0 rg BT 178.76 270.60 Td (prevention ) Tj ET Q q 0 0 0 rg BT 224.43 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 241.78 270.60 Td (control ) Tj ET Q q 0 0 0 rg BT 273.02 270.60 Td (\(known ) Tj ET Q q 0 0 0 rg BT 306.48 270.60 Td (as ) Tj ET Q q 0 0 0 rg BT 317.73 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 332.86 270.60 Td (IPPC ) Tj ET Q q 0 0 0 rg BT 361.33 270.60 Td (Directive\) ) Tj ET Q q 0 0 0 rg BT 409.21 270.60 Td (which ) Tj ET Q q 0 0 0 rg BT 436.57 270.60 Td (governed ) Tj ET Q q 0 0 0 rg BT 476.69 270.60 Td (emissions ) Tj ET Q q 0 0 0 rg BT 519.05 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 529.74 270.60 Td (air) Tj ET Q q 0 0 0 rg BT 539.88 270.60 Td (, ) Tj ET Q q 0 0 0 rg BT 545.30 270.60 Td (land ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.87 258.60 Td (water ) Tj ET Q q 0 0 0 rg BT 92.01 258.60 Td (from ) Tj ET Q q 0 0 0 rg BT 114.39 258.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 144.52 258.60 Td (lar) Tj ET Q q 0 0 0 rg BT 154.89 258.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 167.26 258.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 207.97 258.60 Td (installations, ) Tj ET Q q 0 0 0 rg BT 261.74 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 279.11 258.60 Td (Directive ) Tj ET Q q 0 0 0 rg BT 319.25 258.60 Td (2000/76/EC ) Tj ET Q q 0 0 0 rg BT 370.52 258.60 Td (concerning ) Tj ET Q q 0 0 0 rg BT 417.87 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 433.03 258.60 Td (incineration ) Tj ET Q q 0 0 0 rg BT 483.72 258.60 Td (of ) Tj ET Q q 0 0 0 rg BT 494.98 258.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 520.69 258.60 Td (\(known ) Tj ET Q q 0 0 0 rg BT 554.17 258.60 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 63.95 246.60 Td (W) Tj ET Q q 0 0 0 rg BT 72.59 246.60 Td (aste ) Tj ET Q q 0 0 0 rg BT 90.54 246.60 Td (Incineration ) Tj ET Q q 0 0 0 rg BT 141.26 246.60 Td (Directive\), ) Tj ET Q q 0 0 0 rg BT 186.69 246.60 Td (which ) Tj ET Q q 0 0 0 rg BT 213.54 246.60 Td (imposed ) Tj ET Q q 0 0 0 rg BT 249.83 246.60 Td (limits ) Tj ET Q q 0 0 0 rg BT 275.02 246.60 Td (on ) Tj ET Q q 0 0 0 rg BT 287.43 246.60 Td (emissions ) Tj ET Q q 0 0 0 rg BT 329.28 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 339.47 246.60 Td (air ) Tj ET Q q 0 0 0 rg BT 352.42 246.60 Td (or ) Tj ET Q q 0 0 0 rg BT 363.16 246.60 Td (water ) Tj ET Q q 0 0 0 rg BT 387.77 246.60 Td (from ) Tj ET Q q 0 0 0 rg BT 409.61 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 424.24 246.60 Td (incineration ) Tj ET Q q 0 0 0 rg BT 474.40 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 491.25 246.60 Td (co-incineration ) Tj ET Q q 0 0 0 rg BT 554.18 246.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (waste; ) Tj ET Q q 0 0 0 rg BT 77.46 234.60 Td (\(2\)Directive ) Tj ET Q q 0 0 0 rg BT 131.24 234.60 Td (1999/31/EC ) Tj ET Q q 0 0 0 rg BT 181.99 234.60 Td (concerning ) Tj ET Q q 0 0 0 rg BT 228.83 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 243.46 234.60 Td (landfill ) Tj ET Q q 0 0 0 rg BT 274.75 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 285.50 234.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 310.68 234.60 Td (\(known ) Tj ET Q q 0 0 0 rg BT 343.65 234.60 Td (as ) Tj ET Q q 0 0 0 rg BT 354.39 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 369.02 234.60 Td (Landfill ) Tj ET Q q 0 0 0 rg BT 408.09 234.60 Td (Directive\) ) Tj ET Q q 0 0 0 rg BT 455.47 234.60 Td (which ) Tj ET Q q 0 0 0 rg BT 482.33 234.60 Td (imposes ) Tj ET Q q 0 0 0 rg BT 517.52 234.60 Td (operational ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.15 222.60 Td (technical ) Tj ET Q q 0 0 0 rg BT 104.45 222.60 Td (controls ) Tj ET Q q 0 0 0 rg BT 138.88 222.60 Td (on ) Tj ET Q q 0 0 0 rg BT 151.10 222.60 Td (landfills ) Tj ET Q q 0 0 0 rg BT 186.08 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 202.74 222.60 Td (restricts, ) Tj ET Q q 0 0 0 rg BT 239.10 222.60 Td (on ) Tj ET Q q 0 0 0 rg BT 251.32 222.60 Td (a ) Tj ET Q q 0 0 0 rg BT 257.97 222.60 Td (reducing ) Tj ET Q q 0 0 0 rg BT 295.17 222.60 Td (scale, ) Tj ET Q q 0 0 0 rg BT 319.87 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 334.30 222.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 366.51 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 377.05 222.60 Td (biodegradable ) Tj ET Q q 0 0 0 rg BT 435.90 222.60 Td (municipal ) Tj ET Q q 0 0 0 rg BT 478.11 222.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 503.09 222.60 Td (which ) Tj ET Q q 0 0 0 rg BT 529.74 222.60 Td (member ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (states ) Tj ET Q q 0 0 0 rg BT 74.61 210.60 Td (may ) Tj ET Q q 0 0 0 rg BT 94.72 210.60 Td (dispose ) Tj ET Q q 0 0 0 rg BT 127.62 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 138.85 210.60 Td (to ) Tj ET Q q 0 0 0 rg BT 149.52 210.60 Td (landfill; ) Tj ET Q q 0 0 0 rg BT 184.08 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 201.41 210.60 Td (\(3\)Directive ) Tj ET Q q 0 0 0 rg BT 255.67 210.60 Td (2008/98/EC ) Tj ET Q q 0 0 0 rg BT 306.90 210.60 Td (on ) Tj ET Q q 0 0 0 rg BT 319.79 210.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 345.46 210.60 Td (\(known ) Tj ET Q q 0 0 0 rg BT 378.90 210.60 Td (as ) Tj ET Q q 0 0 0 rg BT 390.13 210.60 Td (the ) Tj ET Q q 0 0 0 rg BT 405.24 210.60 Td (revised ) Tj ET Q q 0 0 0 rg BT 437.01 210.60 Td (W) Tj ET Q q 0 0 0 rg BT 450.09 210.60 Td (aste ) Tj ET Q q 0 0 0 rg BT 468.53 210.60 Td (Framework ) Tj ET Q q 0 0 0 rg BT 517.53 210.60 Td (Directive\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (which ) Tj ET Q q 0 0 0 rg BT 76.47 198.60 Td (enshrines ) Tj ET Q q 0 0 0 rg BT 116.77 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.52 198.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 156.82 198.60 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 197.10 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 207.41 198.60 Td (divert ) Tj ET Q q 0 0 0 rg BT 233.27 198.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 258.56 198.60 Td (from ) Tj ET Q q 0 0 0 rg BT 280.53 198.60 Td (landfill ) Tj ET Q q 0 0 0 rg BT 311.95 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 328.92 198.60 Td (underpins ) Tj ET Q q 0 0 0 rg BT 370.88 198.60 Td (a ) Tj ET Q q 0 0 0 rg BT 377.85 198.60 Td (preference ) Tj ET Q q 0 0 0 rg BT 422.57 198.60 Td (for ) Tj ET Q q 0 0 0 rg BT 436.76 198.60 Td (ef) Tj ET Q q 0 0 0 rg BT 444.35 198.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 472.42 198.60 Td (ener) Tj ET Q q 0 0 0 rg BT 489.45 198.60 Td (gy-from-waste ) Tj ET Q q 0 0 0 rg BT 550.84 198.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 186.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 101.69 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 112.52 186.60 Td (value ) Tj ET Q q 0 0 0 rg BT 136.68 186.60 Td (from ) Tj ET Q q 0 0 0 rg BT 158.62 186.60 Td (residual ) Tj ET Q q 0 0 0 rg BT 192.77 186.60 Td (wastes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 168.60 Td ( ) Tj ET Q q 0 0 0 rg BT 60.98 168.60 Td (In ) Tj ET Q q 0 0 0 rg BT 71.78 168.60 Td (December ) Tj ET Q q 0 0 0 rg BT 115.35 168.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 140.32 168.60 Td (the ) Tj ET Q q 0 0 0 rg BT 155.02 168.60 Td (European ) Tj ET Q q 0 0 0 rg BT 195.81 168.60 Td (Commission ) Tj ET Q q 0 0 0 rg BT 248.85 168.60 Td (adopted ) Tj ET Q q 0 0 0 rg BT 282.98 168.60 Td (the ) Tj ET Q q 0 0 0 rg BT 297.68 168.60 Td (Circular ) Tj ET Q q 0 0 0 rg BT 332.92 168.60 Td (Economy ) Tj ET Q q 0 0 0 rg BT 373.72 168.60 Td (Package ) Tj ET Q q 0 0 0 rg BT 409.51 168.60 Td (which ) Tj ET Q q 0 0 0 rg BT 436.43 168.60 Td (sets ) Tj ET Q q 0 0 0 rg BT 453.91 168.60 Td (tar) Tj ET Q q 0 0 0 rg BT 464.27 168.60 Td (gets ) Tj ET Q q 0 0 0 rg BT 482.86 168.60 Td (for ) Tj ET Q q 0 0 0 rg BT 497.00 168.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 522.24 168.60 Td (reduction, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 156.60 Td (further ) Tj ET Q q 0 0 0 rg BT 79.04 156.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 125.80 156.60 Td (on ) Tj ET Q q 0 0 0 rg BT 138.13 156.60 Td (landfilling, ) Tj ET Q q 0 0 0 rg BT 184.62 156.60 Td (and ) Tj ET Q q 0 0 0 rg BT 201.39 156.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 241.48 156.60 Td (recycling. ) Tj ET Q q 0 0 0 rg BT 283.34 156.60 Td (T) Tj ET Q q 0 0 0 rg BT 288.75 156.60 Td (o ) Tj ET Q q 0 0 0 rg BT 296.08 156.60 Td (implement ) Tj ET Q q 0 0 0 rg BT 341.18 156.60 Td (these ) Tj ET Q q 0 0 0 rg BT 364.06 156.60 Td (tar) Tj ET Q q 0 0 0 rg BT 374.42 156.60 Td (gets ) Tj ET Q q 0 0 0 rg BT 392.86 156.60 Td (and ) Tj ET Q q 0 0 0 rg BT 409.63 156.60 Td (other ) Tj ET Q q 0 0 0 rg BT 432.51 156.60 Td (measures, ) Tj ET Q q 0 0 0 rg BT 474.55 156.60 Td (the ) Tj ET Q q 0 0 0 rg BT 489.09 156.60 Td (Circular ) Tj ET Q q 0 0 0 rg BT 524.19 156.60 Td (Economy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 144.60 Td (Package ) Tj ET Q q 0 0 0 rg BT 85.30 144.60 Td (contains ) Tj ET Q q 0 0 0 rg BT 121.11 144.60 Td (proposals ) Tj ET Q q 0 0 0 rg BT 161.93 144.60 Td (to ) Tj ET Q q 0 0 0 rg BT 172.19 144.60 Td (amend ) Tj ET Q q 0 0 0 rg BT 201.33 144.60 Td (several ) Tj ET Q q 0 0 0 rg BT 232.13 144.60 Td (of ) Tj ET Q q 0 0 0 rg BT 242.95 144.60 Td (the ) Tj ET Q q 0 0 0 rg BT 257.65 144.60 Td (Directives ) Tj ET Q q 0 0 0 rg BT 301.23 144.60 Td (described ) Tj ET Q q 0 0 0 rg BT 342.03 144.60 Td (above. ) Tj ET Q q 0 0 0 rg BT 370.71 144.60 Td (W) Tj ET Q q 0 0 0 rg BT 379.35 144.60 Td (e ) Tj ET Q q 0 0 0 rg BT 386.27 144.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 415.41 144.60 Td (predict ) Tj ET Q q 0 0 0 rg BT 445.66 144.60 Td (at ) Tj ET Q q 0 0 0 rg BT 455.37 144.60 Td (this ) Tj ET Q q 0 0 0 rg BT 472.30 144.60 Td (time ) Tj ET Q q 0 0 0 rg BT 492.56 144.60 Td (the ) Tj ET Q q 0 0 0 rg BT 507.26 144.60 Td (final ) Tj ET Q q 0 0 0 rg BT 528.07 144.60 Td (outcome ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 132.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 132.60 Td (this ) Tj ET Q q 0 0 0 rg BT 77.28 132.60 Td (process.) Tj ET Q endstream endobj 39 0 obj <>] /Rotate 0 /Contents 40 0 R>> endobj 40 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 29.10 Td (19) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 743.2669921875 m 82.38671875 743.2669921875 l s q 0 0 0 rg BT 58.50 744.60 Td (China) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 726.60 Td (China ) Tj ET Q q 0 0 0 rg BT 85.55 726.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 124.80 726.60 Td (has ) Tj ET Q q 0 0 0 rg BT 141.29 726.60 Td (a ) Tj ET Q q 0 0 0 rg BT 148.89 726.60 Td (favorable ) Tj ET Q q 0 0 0 rg BT 189.81 726.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 234.06 726.60 Td (environment ) Tj ET Q q 0 0 0 rg BT 287.76 726.60 Td (for ) Tj ET Q q 0 0 0 rg BT 302.58 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 317.96 726.60 Td (development ) Tj ET Q q 0 0 0 rg BT 372.77 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 384.26 726.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 402.96 726.60 Td ( ) Tj ET Q q 0 0 0 rg BT 406.12 726.60 Td (projects. ) Tj ET Q q 0 0 0 rg BT 443.21 726.60 Td (The ) Tj ET Q q 0 0 0 rg BT 461.92 726.60 Td (Ministry ) Tj ET Q q 0 0 0 rg BT 499.52 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 511.01 726.60 Td (Housing ) Tj ET Q q 0 0 0 rg BT 548.07 726.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (Urban-Rural ) Tj ET Q q 0 0 0 rg BT 102.60 714.60 Td (Development ) Tj ET Q q 0 0 0 rg BT 159.04 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 169.94 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 184.72 714.60 Td (People) Tj ET Q q 0 0 0 rg BT 214.71 714.60 Td (s ) Tj ET Q q 0 0 0 rg BT 221.17 714.60 Td (Republic ) Tj ET Q q 0 0 0 rg BT 259.84 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 270.74 714.60 Td (China ) Tj ET Q q 0 0 0 rg BT 297.19 714.60 Td (has ) Tj ET Q q 0 0 0 rg BT 313.09 714.60 Td (set ) Tj ET Q q 0 0 0 rg BT 326.76 714.60 Td (a ) Tj ET Q q 0 0 0 rg BT 333.77 714.60 Td (goal ) Tj ET Q q 0 0 0 rg BT 353.55 714.60 Td (to ) Tj ET Q q 0 0 0 rg BT 363.89 714.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 399.21 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 413.99 714.60 Td (volume ) Tj ET Q q 0 0 0 rg BT 446.56 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 457.45 714.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 482.79 714.60 Td (disposed ) Tj ET Q q 0 0 0 rg BT 520.35 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 531.25 714.60 Td (by ) Tj ET Q q 0 0 0 rg BT 543.81 714.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 562.51 714.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 86.93 702.60 Td (from ) Tj ET Q q 0 0 0 rg BT 109.36 702.60 Td (1% ) Tj ET Q q 0 0 0 rg BT 125.69 702.60 Td (\(2005 ) Tj ET Q q 0 0 0 rg BT 152.02 702.60 Td (estimate\) ) Tj ET Q q 0 0 0 rg BT 191.67 702.60 Td (to ) Tj ET Q q 0 0 0 rg BT 202.44 702.60 Td (30% ) Tj ET Q q 0 0 0 rg BT 223.77 702.60 Td (by ) Tj ET Q q 0 0 0 rg BT 236.77 702.60 Td (2030. ) Tj ET Q q 0 0 0 rg BT 262.05 702.60 Td (The ) Tj ET Q q 0 0 0 rg BT 280.60 702.60 Td (Chinese ) Tj ET Q q 0 0 0 rg BT 315.81 702.60 Td (central ) Tj ET Q q 0 0 0 rg BT 346.01 702.60 Td (government ) Tj ET Q q 0 0 0 rg BT 396.77 702.60 Td (has ) Tj ET Q q 0 0 0 rg BT 413.10 702.60 Td (further ) Tj ET Q q 0 0 0 rg BT 443.31 702.60 Td (called ) Tj ET Q q 0 0 0 rg BT 470.18 702.60 Td (for ) Tj ET Q q 0 0 0 rg BT 484.83 702.60 Td (an ) Tj ET Q q 0 0 0 rg BT 497.27 702.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 533.02 702.60 Td (in ) Tj ET Q q 0 0 0 rg BT 543.80 702.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 562.50 702.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (output ) Tj ET Q q 0 0 0 rg BT 77.99 690.60 Td (generation ) Tj ET Q q 0 0 0 rg BT 123.13 690.60 Td (from ) Tj ET Q q 0 0 0 rg BT 145.51 690.60 Td (200MW) Tj ET Q q 0 0 0 rg BT 181.16 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 184.09 690.60 Td (\(2005 ) Tj ET Q q 0 0 0 rg BT 210.36 690.60 Td (estimate\) ) Tj ET Q q 0 0 0 rg BT 249.95 690.60 Td (to ) Tj ET Q q 0 0 0 rg BT 260.66 690.60 Td (three ) Tj ET Q q 0 0 0 rg BT 283.59 690.60 Td (gigawatts ) Tj ET Q q 0 0 0 rg BT 324.85 690.60 Td (by ) Tj ET Q q 0 0 0 rg BT 337.79 690.60 Td (2020. ) Tj ET Q q 0 0 0 rg BT 363.22 690.60 Td (Ener) Tj ET Q q 0 0 0 rg BT 381.92 690.60 Td (gy-from-waste ) Tj ET Q q 0 0 0 rg BT 443.72 690.60 Td (and ) Tj ET Q q 0 0 0 rg BT 461.10 690.60 Td (municipal ) Tj ET Q q 0 0 0 rg BT 504.03 690.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 529.73 690.60 Td (disposal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (services ) Tj ET Q q 0 0 0 rg BT 84.57 678.60 Td (are ) Tj ET Q q 0 0 0 rg BT 99.63 678.60 Td (designated ) Tj ET Q q 0 0 0 rg BT 145.26 678.60 Td (by ) Tj ET Q q 0 0 0 rg BT 158.12 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 173.20 678.60 Td (Chinese ) Tj ET Q q 0 0 0 rg BT 208.27 678.60 Td (central ) Tj ET Q q 0 0 0 rg BT 238.34 678.60 Td (government ) Tj ET Q q 0 0 0 rg BT 288.96 678.60 Td (as ) Tj ET Q q 0 0 0 rg BT 300.15 678.60 Td (encouraged ) Tj ET Q q 0 0 0 rg BT 353.53 678.60 Td (industries ) Tj ET Q q 0 0 0 rg BT 399.72 678.60 Td (for ) Tj ET Q q 0 0 0 rg BT 414.24 678.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 445.98 678.60 Td (investment. ) Tj ET Q q 0 0 0 rg BT 494.59 678.60 Td (According ) Tj ET Q q 0 0 0 rg BT 539.65 678.60 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 678.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (latest ) Tj ET Q q 0 0 0 rg BT 73.26 666.60 Td (Catalogue ) Tj ET Q q 0 0 0 rg BT 116.46 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 127.44 666.60 Td (Industries ) Tj ET Q q 0 0 0 rg BT 169.54 666.60 Td (for ) Tj ET Q q 0 0 0 rg BT 183.85 666.60 Td (Guiding ) Tj ET Q q 0 0 0 rg BT 219.28 666.60 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 253.05 666.60 Td (Investment, ) Tj ET Q q 0 0 0 rg BT 302.64 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 317.51 666.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 336.21 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 338.86 666.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 374.29 666.60 Td (remains ) Tj ET Q q 0 0 0 rg BT 408.60 666.60 Td (within ) Tj ET Q q 0 0 0 rg BT 436.82 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 451.69 666.60 Td (encouraged ) Tj ET Q q 0 0 0 rg BT 504.87 666.60 Td (industries ) Tj ET Q q 0 0 0 rg BT 550.85 666.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 80.80 654.60 Td (investment. ) Tj ET Q q 0 0 0 rg BT 129.60 654.60 Td (China ) Tj ET Q q 0 0 0 rg BT 155.91 654.60 Td (also ) Tj ET Q q 0 0 0 rg BT 174.44 654.60 Td (has ) Tj ET Q q 0 0 0 rg BT 190.19 654.60 Td (various ) Tj ET Q q 0 0 0 rg BT 222.05 654.60 Td (promotional ) Tj ET Q q 0 0 0 rg BT 273.35 654.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 294.10 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 310.96 654.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 344.49 654.60 Td (in ) Tj ET Q q 0 0 0 rg BT 354.68 654.60 Td (place ) Tj ET Q q 0 0 0 rg BT 378.20 654.60 Td (to ) Tj ET Q q 0 0 0 rg BT 388.40 654.60 Td (promote ) Tj ET Q q 0 0 0 rg BT 424.14 654.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 442.84 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 445.26 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 462.12 654.60 Td (municipal ) Tj ET Q q 0 0 0 rg BT 504.53 654.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 529.72 654.60 Td (disposal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 82.97 642.60 Td (including ) Tj ET Q q 0 0 0 rg BT 122.55 642.60 Td (exemptions ) Tj ET Q q 0 0 0 rg BT 170.47 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 186.72 642.60 Td (reductions ) Tj ET Q q 0 0 0 rg BT 230.19 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 240.33 642.60 Td (corporate ) Tj ET Q q 0 0 0 rg BT 279.90 642.60 Td (income ) Tj ET Q q 0 0 0 rg BT 311.15 642.60 Td (tax, ) Tj ET Q q 0 0 0 rg BT 327.68 642.60 Td (value ) Tj ET Q q 0 0 0 rg BT 351.15 642.60 Td (added ) Tj ET Q q 0 0 0 rg BT 376.84 642.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 390.87 642.60 Td (refunds, ) Tj ET Q q 0 0 0 rg BT 425.17 642.60 Td (prioritized ) Tj ET Q q 0 0 0 rg BT 468.63 642.60 Td (commercial ) Tj ET Q q 0 0 0 rg BT 517.64 642.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 538.89 642.60 Td (loans, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (state ) Tj ET Q q 0 0 0 rg BT 70.19 630.60 Td (subsidies ) Tj ET Q q 0 0 0 rg BT 109.22 630.60 Td (for ) Tj ET Q q 0 0 0 rg BT 123.25 630.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 142.83 630.60 Td (interest, ) Tj ET Q q 0 0 0 rg BT 177.13 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 193.93 630.60 Td (a ) Tj ET Q q 0 0 0 rg BT 200.74 630.60 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 246.96 630.60 Td (subsidized ) Tj ET Q q 0 0 0 rg BT 291.54 630.60 Td (price ) Tj ET Q q 0 0 0 rg BT 313.89 630.60 Td (at ) Tj ET Q q 0 0 0 rg BT 323.48 630.60 Td (RMB ) Tj ET Q q 0 0 0 rg BT 348.07 630.60 Td (0.65/KWh ) Tj ET Q q 0 0 0 rg BT 392.38 630.60 Td (for ) Tj ET Q q 0 0 0 rg BT 406.40 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 420.98 630.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 438.89 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 449.59 630.60 Td (electricity) Tj ET Q q 0 0 0 rg BT 488.91 630.60 Td (, ) Tj ET Q q 0 0 0 rg BT 493.78 630.60 Td (as ) Tj ET Q q 0 0 0 rg BT 504.47 630.60 Td (long ) Tj ET Q q 0 0 0 rg BT 524.62 630.60 Td (as ) Tj ET Q q 0 0 0 rg BT 535.31 630.60 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (statutory ) Tj ET Q q 0 0 0 rg BT 87.00 618.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 131.16 618.60 Td (are ) Tj ET Q q 0 0 0 rg BT 145.87 618.60 Td (met. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 58.50 600.60 Td (Employee ) Tj ET Q q 0 0 0 rg BT 101.54 600.60 Td (Health ) Tj ET Q q 0 0 0 rg BT 132.38 600.60 Td (and ) Tj ET Q q 0 0 0 rg BT 150.26 600.60 Td (W) Tj ET Q q 0 0 0 rg BT 158.41 600.60 Td (elfare) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 582.60 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 582.60 Td (e ) Tj ET Q q 0 0 0 rg BT 74.03 582.60 Td (are ) Tj ET Q q 0 0 0 rg BT 88.68 582.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 119.46 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 129.69 582.60 Td (numerous ) Tj ET Q q 0 0 0 rg BT 171.58 582.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 218.46 582.60 Td (enacted ) Tj ET Q q 0 0 0 rg BT 251.44 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 261.67 582.60 Td (protect ) Tj ET Q q 0 0 0 rg BT 291.88 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 308.77 582.60 Td (promote ) Tj ET Q q 0 0 0 rg BT 344.55 582.60 Td (worker ) Tj ET Q q 0 0 0 rg BT 375.32 582.60 Td (health ) Tj ET Q q 0 0 0 rg BT 402.20 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 419.09 582.60 Td (welfare ) Tj ET Q q 0 0 0 rg BT 451.52 582.60 Td (through ) Tj ET Q q 0 0 0 rg BT 485.08 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 499.74 582.60 Td (implementation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 65.96 570.60 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 117.94 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 128.29 570.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 168.07 570.60 Td (designed ) Tj ET Q q 0 0 0 rg BT 205.64 570.60 Td (to ) Tj ET Q q 0 0 0 rg BT 215.43 570.60 Td (prevent ) Tj ET Q q 0 0 0 rg BT 247.43 570.60 Td (illness, ) Tj ET Q q 0 0 0 rg BT 277.51 570.60 Td (injury ) Tj ET Q q 0 0 0 rg BT 303.41 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 319.87 570.60 Td (death ) Tj ET Q q 0 0 0 rg BT 343.54 570.60 Td (in ) Tj ET Q q 0 0 0 rg BT 353.33 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 367.57 570.60 Td (workplace. ) Tj ET Q q 0 0 0 rg BT 413.58 570.60 Td (The ) Tj ET Q q 0 0 0 rg BT 431.15 570.60 Td (primary ) Tj ET Q q 0 0 0 rg BT 464.82 570.60 Td (law ) Tj ET Q q 0 0 0 rg BT 481.27 570.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 513.83 570.60 Td (to ) Tj ET Q q 0 0 0 rg BT 523.63 570.60 Td (employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (health ) Tj ET Q q 0 0 0 rg BT 76.50 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 93.51 558.60 Td (welfare ) Tj ET Q q 0 0 0 rg BT 126.06 558.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 169.72 558.60 Td (to ) Tj ET Q q 0 0 0 rg BT 180.06 558.60 Td (our ) Tj ET Q q 0 0 0 rg BT 195.96 558.60 Td (business ) Tj ET Q q 0 0 0 rg BT 232.43 558.60 Td (in ) Tj ET Q q 0 0 0 rg BT 242.77 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 257.56 558.60 Td (United ) Tj ET Q q 0 0 0 rg BT 287.35 558.60 Td (States ) Tj ET Q q 0 0 0 rg BT 313.80 558.60 Td (is ) Tj ET Q q 0 0 0 rg BT 323.04 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 337.83 558.60 Td (Occupational ) Tj ET Q q 0 0 0 rg BT 393.71 558.60 Td (Safety ) Tj ET Q q 0 0 0 rg BT 421.83 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 438.83 558.60 Td (Health ) Tj ET Q q 0 0 0 rg BT 467.49 558.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 484.50 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 495.40 558.60 Td (1970 ) Tj ET Q q 0 0 0 rg BT 517.97 558.60 Td (\("OSHA"\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (which ) Tj ET Q q 0 0 0 rg BT 77.15 546.60 Td (establishes ) Tj ET Q q 0 0 0 rg BT 123.69 546.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 154.10 546.60 Td (employer ) Tj ET Q q 0 0 0 rg BT 195.08 546.60 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 258.85 546.60 Td (including ) Tj ET Q q 0 0 0 rg BT 299.83 546.60 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 353.57 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 365.12 546.60 Td (a ) Tj ET Q q 0 0 0 rg BT 372.77 546.60 Td (workplace ) Tj ET Q q 0 0 0 rg BT 417.63 546.60 Td (free ) Tj ET Q q 0 0 0 rg BT 436.38 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 447.92 546.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 494.99 546.60 Td (hazards ) Tj ET Q q 0 0 0 rg BT 528.74 546.60 Td (likely ) Tj ET Q q 0 0 0 rg BT 554.73 546.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 73.55 534.60 Td (illness, ) Tj ET Q q 0 0 0 rg BT 103.45 534.60 Td (death ) Tj ET Q q 0 0 0 rg BT 126.94 534.60 Td (or ) Tj ET Q q 0 0 0 rg BT 137.11 534.60 Td (serious ) Tj ET Q q 0 0 0 rg BT 167.28 534.60 Td (injury) Tj ET Q q 0 0 0 rg BT 190.52 534.60 Td (, ) Tj ET Q q 0 0 0 rg BT 194.86 534.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 242.79 534.60 Td (with ) Tj ET Q q 0 0 0 rg BT 262.41 534.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 302.02 534.60 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 354.40 534.60 Td (by ) Tj ET Q q 0 0 0 rg BT 366.24 534.60 Td (OSHA, ) Tj ET Q q 0 0 0 rg BT 397.81 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 414.09 534.60 Td (assorted ) Tj ET Q q 0 0 0 rg BT 448.70 534.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 487.20 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 503.47 534.60 Td (record ) Tj ET Q q 0 0 0 rg BT 530.85 534.60 Td (keeping ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 98.38 522.60 Td (as ) Tj ET Q q 0 0 0 rg BT 108.66 522.60 Td (well ) Tj ET Q q 0 0 0 rg BT 127.81 522.60 Td (as ) Tj ET Q q 0 0 0 rg BT 138.08 522.60 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 180.57 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 196.95 522.60 Td (procedural ) Tj ET Q q 0 0 0 rg BT 241.65 522.60 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 298.15 522.60 Td (V) Tj ET Q q 0 0 0 rg BT 304.26 522.60 Td (arious ) Tj ET Q q 0 0 0 rg BT 330.64 522.60 Td (OSHA) Tj ET Q q 0 0 0 rg BT 357.32 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 359.26 522.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 398.97 522.60 Td (apply ) Tj ET Q q 0 0 0 rg BT 423.12 522.60 Td (to ) Tj ET Q q 0 0 0 rg BT 432.84 522.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 461.99 522.60 Td (aspects ) Tj ET Q q 0 0 0 rg BT 492.80 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 503.08 522.60 Td (our ) Tj ET Q q 0 0 0 rg BT 518.35 522.60 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 504.60 Td (Employee ) Tj ET Q q 0 0 0 rg BT 102.25 504.60 Td (health ) Tj ET Q q 0 0 0 rg BT 129.89 504.60 Td (and ) Tj ET Q q 0 0 0 rg BT 147.53 504.60 Td (welfare ) Tj ET Q q 0 0 0 rg BT 180.71 504.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 202.25 504.60 Td (governing ) Tj ET Q q 0 0 0 rg BT 246.00 504.60 Td (our ) Tj ET Q q 0 0 0 rg BT 262.54 504.60 Td (business ) Tj ET Q q 0 0 0 rg BT 299.63 504.60 Td (in ) Tj ET Q q 0 0 0 rg BT 310.62 504.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 342.70 504.60 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 395.35 504.60 Td (include ) Tj ET Q q 0 0 0 rg BT 427.99 504.60 Td (the ) Tj ET Q q 0 0 0 rg BT 443.18 504.60 Td (W) Tj ET Q q 0 0 0 rg BT 451.82 504.60 Td (orkplace ) Tj ET Q q 0 0 0 rg BT 489.45 504.60 Td (Health ) Tj ET Q q 0 0 0 rg BT 519.31 504.60 Td (and ) Tj ET Q q 0 0 0 rg BT 536.95 504.60 Td (Safety ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 492.60 Td (Directive ) Tj ET Q q 0 0 0 rg BT 89.55 492.60 Td (and ) Tj ET Q q 0 0 0 rg BT 106.84 492.60 Td (the ) Tj ET Q q 0 0 0 rg BT 121.90 492.60 Td (Directive ) Tj ET Q q 0 0 0 rg BT 161.96 492.60 Td (concerning ) Tj ET Q q 0 0 0 rg BT 209.23 492.60 Td (ionizing ) Tj ET Q q 0 0 0 rg BT 244.85 492.60 Td (radiation ) Tj ET Q q 0 0 0 rg BT 283.24 492.60 Td (in ) Tj ET Q q 0 0 0 rg BT 293.87 492.60 Td (the ) Tj ET Q q 0 0 0 rg BT 308.94 492.60 Td (European ) Tj ET Q q 0 0 0 rg BT 350.10 492.60 Td (Union, ) Tj ET Q q 0 0 0 rg BT 380.45 492.60 Td (and ) Tj ET Q q 0 0 0 rg BT 397.74 492.60 Td (various ) Tj ET Q q 0 0 0 rg BT 430.02 492.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 474.54 492.60 Td (of ) Tj ET Q q 0 0 0 rg BT 485.72 492.60 Td (the ) Tj ET Q q 0 0 0 rg BT 500.79 492.60 Td (Canada ) Tj ET Q q 0 0 0 rg BT 533.62 492.60 Td (Labour ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 480.60 Td (Code ) Tj ET Q q 0 0 0 rg BT 73.11 480.60 Td (and ) Tj ET Q q 0 0 0 rg BT 90.05 480.60 Td (related ) Tj ET Q q 0 0 0 rg BT 119.75 480.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 166.68 480.60 Td (in ) Tj ET Q q 0 0 0 rg BT 176.96 480.60 Td (Canada. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.60 462.60 Td (EMPLOYEES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 444.60 Td (As ) Tj ET Q q 0 0 0 rg BT 73.67 444.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.56 444.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 145.20 444.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.20 444.60 Td (, ) Tj ET Q q 0 0 0 rg BT 171.26 444.60 Td (w) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 178.48 451.53 386.02 -9.09 re f /GS0 gs q 0 0 0 rg BT 178.48 444.60 Td (e ) Tj ET Q q 0 0 0 rg BT 186.47 444.60 Td (employed ) Tj ET Q q 0 0 0 rg BT 229.46 444.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 290.78 444.60 Td (3,600full-time ) Tj ET Q q 0 0 0 rg BT 354.33 444.60 Td (employees ) Tj ET Q q 0 0 0 rg BT 400.65 444.60 Td (worldwide, ) Tj ET Q q 0 0 0 rg BT 449.47 444.60 Td (the ) Tj ET Q q 0 0 0 rg BT 465.25 444.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 502.69 444.60 Td (of ) Tj ET Q q 0 0 0 rg BT 514.57 444.60 Td (which ) Tj ET Q q 0 0 0 rg BT 542.57 444.60 Td (were ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 439.53 514.49 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 432.60 Td (employed ) Tj ET Q q 0 0 0 rg BT 91.31 432.60 Td (in ) Tj ET Q q 0 0 0 rg BT 100.97 432.60 Td (the ) Tj ET Q q 0 0 0 rg BT 115.06 432.60 Td (United ) Tj ET Q q 0 0 0 rg BT 144.16 432.60 Td (States. ) Tj ET Q q 0 0 0 rg BT 172.42 432.60 Td (Of ) Tj ET Q q 0 0 0 rg BT 184.85 432.60 Td (our ) Tj ET Q q 0 0 0 rg BT 200.06 432.60 Td (employees ) Tj ET Q q 0 0 0 rg BT 244.70 432.60 Td (in ) Tj ET Q q 0 0 0 rg BT 254.35 432.60 Td (the ) Tj ET Q q 0 0 0 rg BT 268.45 432.60 Td (United ) Tj ET Q q 0 0 0 rg BT 297.54 432.60 Td (States ) Tj ET Q q 0 0 0 rg BT 323.31 432.60 Td (and ) Tj ET Q q 0 0 0 rg BT 339.62 432.60 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 373.98 432.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 433.62 432.60 Td (7% ) Tj ET Q q 0 0 0 rg BT 448.83 432.60 Td (are ) Tj ET Q q 0 0 0 rg BT 462.91 432.60 Td (represented ) Tj ET Q q 0 0 0 rg BT 510.87 432.60 Td (by ) Tj ET Q q 0 0 0 rg BT 522.75 432.60 Td (or) Tj ET Q q 0 0 0 rg BT 530.90 432.60 Td (ganized ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 427.53 514.51 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 420.60 Td (labor) Tj ET Q q 0 0 0 rg BT 70.00 420.60 Td (. ) Tj ET Q q 0 0 0 rg BT 75.52 420.60 Td (Currently) Tj ET Q q 0 0 0 rg BT 113.20 420.60 Td (, ) Tj ET Q q 0 0 0 rg BT 118.72 420.60 Td (we ) Tj ET Q q 0 0 0 rg BT 133.41 420.60 Td (are ) Tj ET Q q 0 0 0 rg BT 148.64 420.60 Td (party ) Tj ET Q q 0 0 0 rg BT 172.21 420.60 Td (to ) Tj ET Q q 0 0 0 rg BT 183.01 420.60 Td (10 ) Tj ET Q q 0 0 0 rg BT 196.04 420.60 Td (collective ) Tj ET Q q 0 0 0 rg BT 237.93 420.60 Td (bar) Tj ET Q q 0 0 0 rg BT 250.52 420.60 Td (gaining ) Tj ET Q q 0 0 0 rg BT 283.54 420.60 Td (agreements: ) Tj ET Q q 0 0 0 rg BT 334.87 420.60 Td (three ) Tj ET Q q 0 0 0 rg BT 357.88 420.60 Td (expire ) Tj ET Q q 0 0 0 rg BT 385.89 420.60 Td (in ) Tj ET Q q 0 0 0 rg BT 396.70 420.60 Td (2017; ) Tj ET Q q 0 0 0 rg BT 422.50 420.60 Td (one ) Tj ET Q q 0 0 0 rg BT 439.96 420.60 Td (expires ) Tj ET Q q 0 0 0 rg BT 471.87 420.60 Td (in ) Tj ET Q q 0 0 0 rg BT 482.67 420.60 Td (2018, ) Tj ET Q q 0 0 0 rg BT 508.19 420.60 Td (two ) Tj ET Q q 0 0 0 rg BT 526.22 420.60 Td (expire ) Tj ET Q q 0 0 0 rg BT 554.23 420.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 415.53 393.35 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 408.60 Td (2019 ) Tj ET Q q 0 0 0 rg BT 72.50 408.60 Td (and ) Tj ET Q q 0 0 0 rg BT 89.44 408.60 Td (four ) Tj ET Q q 0 0 0 rg BT 108.60 408.60 Td (are ) Tj ET Q q 0 0 0 rg BT 123.31 408.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 161.90 408.60 Td (in ) Tj ET Q q 0 0 0 rg BT 172.18 408.60 Td (negotiations. ) Tj ET Q q 0 0 0 rg BT 225.88 408.60 Td (W) Tj ET Q q 0 0 0 rg BT 234.52 408.60 Td (e ) Tj ET Q q 0 0 0 rg BT 241.46 408.60 Td (consider ) Tj ET Q q 0 0 0 rg BT 277.83 408.60 Td (relations ) Tj ET Q q 0 0 0 rg BT 314.77 408.60 Td (with ) Tj ET Q q 0 0 0 rg BT 335.04 408.60 Td (our ) Tj ET Q q 0 0 0 rg BT 350.87 408.60 Td (employees ) Tj ET Q q 0 0 0 rg BT 396.14 408.60 Td (to ) Tj ET Q q 0 0 0 rg BT 406.42 408.60 Td (be ) Tj ET Q q 0 0 0 rg BT 418.35 408.60 Td (good. ) Tj ET Q endstream endobj 41 0 obj <>] /Rotate 0 /Contents 42 0 R>> endobj 42 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 195.75 742.25 Td (EXECUTIVE OFFICERS OF) Tj ET Q q 0 0 0 rg BT 324.29 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 326.60 742.25 Td (THE REGISTRANT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 724.25 Td (A) Tj ET Q q 0 0 0 rg BT 68.67 724.25 Td ( list of our executive of) Tj ET Q q 0 0 0 rg BT 161.52 724.25 Td (ficers and their business experience follows. ) Tj ET Q q 0 0 0 rg BT 340.63 724.25 Td (Ages shown are as of February1, 2017.) 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Jones ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 633.91 Td (Pr) Tj ET Q q 0 0 0 rg BT 62.63 633.91 Td (esident and Chief Executive Officer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.00 638.87 Td (55) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 687.71 Td (President ) Tj ET Q q 0 0 0 rg BT 282.87 687.71 Td (and ) Tj ET Q q 0 0 0 rg BT 297.24 687.71 Td (Chief ) Tj ET Q q 0 0 0 rg BT 318.61 687.71 Td (Executive ) Tj ET Q q 0 0 0 rg BT 355.96 687.71 Td (Of) Tj ET Q q 0 0 0 rg BT 365.38 687.71 Td (ficer ) Tj ET Q q 0 0 0 rg BT 383.15 687.71 Td (since ) Tj ET Q q 0 0 0 rg BT 403.02 687.71 Td (2015. ) Tj ET Q q 0 0 0 rg BT 424.64 687.71 Td (Prior ) Tj ET Q q 0 0 0 rg BT 444.02 687.71 Td (to ) Tj ET Q q 0 0 0 rg BT 452.39 687.71 Td (joining ) Tj ET Q q 0 0 0 rg BT 479.26 687.71 Td (Covanta, ) Tj ET Q q 0 0 0 rg BT 512.88 687.71 Td (Mr) Tj ET Q q 0 0 0 rg BT 523.63 687.71 Td (. ) Tj ET Q q 0 0 0 rg BT 527.01 687.71 Td (Jones ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 676.91 Td (was ) Tj ET Q q 0 0 0 rg BT 263.26 676.91 Td (employed ) Tj ET Q q 0 0 0 rg BT 300.01 676.91 Td (by ) Tj ET Q q 0 0 0 rg BT 310.23 676.91 Td (Air ) Tj ET Q q 0 0 0 rg BT 323.24 676.91 Td (Products ) Tj ET Q q 0 0 0 rg BT 356.00 676.91 Td (and ) Tj ET Q q 0 0 0 rg BT 370.26 676.91 Td (Chemicals, ) Tj ET Q q 0 0 0 rg BT 411.76 676.91 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 426.76 676.91 Td (\(Air ) Tj ET Q q 0 0 0 rg BT 447.00 676.91 Td (Products\), ) Tj ET Q q 0 0 0 rg BT 489.01 676.91 Td (a ) Tj ET Q q 0 0 0 rg BT 494.26 676.91 Td (global ) Tj ET Q q 0 0 0 rg BT 518.01 676.91 Td (supplier ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 666.16 Td (of ) Tj ET Q q 0 0 0 rg BT 256.81 666.16 Td (industrial ) Tj ET Q q 0 0 0 rg BT 292.13 666.16 Td (gases, ) Tj ET Q q 0 0 0 rg BT 315.19 666.16 Td (equipment ) Tj ET Q q 0 0 0 rg BT 354.50 666.16 Td (and ) Tj ET Q q 0 0 0 rg BT 368.81 666.16 Td (services ) Tj ET Q q 0 0 0 rg BT 399.11 666.16 Td (from ) Tj ET Q q 0 0 0 rg BT 417.93 666.16 Td (1992 ) Tj ET Q q 0 0 0 rg BT 437.24 666.16 Td (through ) Tj ET Q q 0 0 0 rg BT 466.56 666.16 Td (2014. ) Tj ET Q q 0 0 0 rg BT 488.13 666.16 Td (Mr) Tj ET Q q 0 0 0 rg BT 498.88 666.16 Td (. ) Tj ET Q q 0 0 0 rg BT 502.20 666.16 Td (Jones ) Tj ET Q q 0 0 0 rg BT 523.51 666.16 Td (served ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 655.31 Td (as ) Tj ET Q q 0 0 0 rg BT 259.11 655.31 Td (Senior ) Tj ET Q q 0 0 0 rg BT 286.04 655.31 Td (V) Tj ET Q q 0 0 0 rg BT 292.19 655.31 Td (ice ) Tj ET Q q 0 0 0 rg BT 306.03 655.31 Td (President ) Tj ET Q q 0 0 0 rg BT 343.13 655.31 Td (and ) Tj ET Q q 0 0 0 rg BT 359.74 655.31 Td (General ) Tj ET Q q 0 0 0 rg BT 391.84 655.31 Td (Manager) Tj ET Q q 0 0 0 rg BT 423.64 655.31 Td (, ) Tj ET Q q 0 0 0 rg BT 429.15 655.31 Td (T) Tj ET Q q 0 0 0 rg BT 434.25 655.31 Td (onnage ) Tj ET Q q 0 0 0 rg BT 463.54 655.31 Td (Gases, ) Tj ET Q q 0 0 0 rg BT 490.90 655.31 Td (Equipment ) Tj ET Q q 0 0 0 rg BT 534.00 655.31 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 644.56 Td (Ener) Tj ET Q q 0 0 0 rg BT 264.91 644.56 Td (gy) Tj ET Q q 0 0 0 rg BT 273.53 644.56 Td (, ) Tj ET Q q 0 0 0 rg BT 279.08 644.56 Td (from ) Tj ET Q q 0 0 0 rg BT 300.15 644.56 Td (2009 ) Tj ET Q q 0 0 0 rg BT 321.74 644.56 Td (through ) Tj ET Q q 0 0 0 rg BT 353.32 644.56 Td (2014. ) Tj ET Q q 0 0 0 rg BT 377.15 644.56 Td (Mr) Tj ET Q q 0 0 0 rg BT 387.90 644.56 Td (. ) Tj ET Q q 0 0 0 rg BT 393.49 644.56 Td (Jones ) Tj ET Q q 0 0 0 rg BT 417.07 644.56 Td (also ) Tj ET Q q 0 0 0 rg BT 435.15 644.56 Td (served ) Tj ET Q q 0 0 0 rg BT 462.22 644.56 Td (as ) Tj ET Q q 0 0 0 rg BT 472.76 644.56 Td (Air ) Tj ET Q q 0 0 0 rg BT 488.09 644.56 Td (Products) Tj ET Q q 0 0 0 rg BT 522.25 644.56 Td ( ) Tj ET Q q 0 0 0 rg BT 525.50 644.56 Td (China ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 633.76 Td (President ) Tj ET Q q 0 0 0 rg BT 283.80 633.76 Td (from ) Tj ET Q q 0 0 0 rg BT 303.60 633.76 Td (201) Tj ET Q q 0 0 0 rg BT 316.94 633.76 Td (1 ) Tj ET Q q 0 0 0 rg BT 323.57 633.76 Td (through ) Tj ET Q q 0 0 0 rg BT 353.88 633.76 Td (2014 ) Tj ET Q q 0 0 0 rg BT 374.18 633.76 Td (at ) Tj ET Q q 0 0 0 rg BT 382.72 633.76 Td (Air ) Tj ET Q q 0 0 0 rg BT 396.78 633.76 Td (Products) Tj ET Q q 0 0 0 rg BT 430.94 633.76 Td ( ) Tj ET Q q 0 0 0 rg BT 432.91 633.76 Td (of) Tj ET Q q 0 0 0 rg BT 440.33 633.76 Td (fice ) Tj ET Q q 0 0 0 rg BT 456.04 633.76 Td (in ) Tj ET Q q 0 0 0 rg BT 465.35 633.76 Td (Shanghai. ) Tj ET Q q 0 0 0 rg BT 503.40 633.76 Td (He ) Tj ET Q q 0 0 0 rg BT 516.20 633.76 Td (was ) Tj ET Q q 0 0 0 rg BT 532.50 633.76 Td (also ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 622.91 Td (a ) Tj ET Q q 0 0 0 rg BT 253.52 622.91 Td (member ) Tj ET Q q 0 0 0 rg BT 284.54 622.91 Td (of ) Tj ET Q q 0 0 0 rg BT 293.48 622.91 Td (Air ) Tj ET Q q 0 0 0 rg BT 306.76 622.91 Td (Products) Tj ET Q q 0 0 0 rg BT 340.92 622.91 Td ( ) Tj ET Q q 0 0 0 rg BT 342.12 622.91 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 379.64 622.91 Td (Executive ) Tj ET Q q 0 0 0 rg BT 417.15 622.91 Td (Committee ) Tj ET Q q 0 0 0 rg BT 458.67 622.91 Td (from ) Tj ET Q q 0 0 0 rg BT 477.70 622.91 Td (2007 ) Tj ET Q q 0 0 0 rg BT 497.23 622.91 Td (through ) Tj ET Q q 0 0 0 rg BT 526.76 622.91 Td (2014. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 612.11 Td (Mr) Tj ET Q q 0 0 0 rg BT 258.75 612.11 Td (. ) Tj ET Q q 0 0 0 rg BT 262.81 612.11 Td (Jones ) Tj ET Q q 0 0 0 rg BT 284.86 612.11 Td (joined ) Tj ET Q q 0 0 0 rg BT 309.21 612.11 Td (Air ) Tj ET Q q 0 0 0 rg BT 323.01 612.11 Td (Products ) Tj ET Q q 0 0 0 rg BT 356.56 612.11 Td (in ) Tj ET Q q 0 0 0 rg BT 365.62 612.11 Td (1992 ) Tj ET Q q 0 0 0 rg BT 385.67 612.11 Td (as ) Tj ET Q q 0 0 0 rg BT 395.23 612.11 Td (an ) Tj ET Q q 0 0 0 rg BT 405.78 612.11 Td (attorney ) Tj ET Q q 0 0 0 rg BT 437.32 612.11 Td (in ) Tj ET Q q 0 0 0 rg BT 446.37 612.11 Td (the ) Tj ET Q q 0 0 0 rg BT 459.42 612.11 Td (Law ) Tj ET Q q 0 0 0 rg BT 477.47 612.11 Td (Group ) Tj ET Q q 0 0 0 rg BT 502.52 612.11 Td (representing ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 601.36 Td (various ) Tj ET Q q 0 0 0 rg BT 277.94 601.36 Td (business ) Tj ET Q q 0 0 0 rg BT 311.89 601.36 Td (areas ) Tj ET Q q 0 0 0 rg BT 333.82 601.36 Td (and ) Tj ET Q q 0 0 0 rg BT 350.26 601.36 Td (functions ) Tj ET Q q 0 0 0 rg BT 387.20 601.36 Td (and ) Tj ET Q q 0 0 0 rg BT 403.64 601.36 Td (in ) Tj ET Q q 0 0 0 rg BT 414.09 601.36 Td (2007 ) Tj ET Q q 0 0 0 rg BT 435.54 601.36 Td (he ) Tj ET Q q 0 0 0 rg BT 447.48 601.36 Td (was ) Tj ET Q q 0 0 0 rg BT 464.92 601.36 Td (appointed ) Tj ET Q q 0 0 0 rg BT 503.86 601.36 Td (Senior ) Tj ET Q q 0 0 0 rg BT 530.63 601.36 Td (V) Tj ET Q q 0 0 0 rg BT 536.78 601.36 Td (ice ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 590.56 Td (President, ) Tj ET Q q 0 0 0 rg BT 286.00 590.56 Td (General ) Tj ET Q q 0 0 0 rg BT 316.73 590.56 Td (Counsel ) Tj ET Q q 0 0 0 rg BT 348.48 590.56 Td (and ) Tj ET Q q 0 0 0 rg BT 363.72 590.56 Td (Secretary) Tj ET Q q 0 0 0 rg BT 397.41 590.56 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 528.92 Td (Michael J. de Castro ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 518.91 Td (Executive V) Tj ET Q q 0 0 0 rg BT 99.72 518.91 Td (ice Pr) Tj ET Q q 0 0 0 rg BT 123.51 518.91 Td (esident, Supply Chain) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.00 523.87 Td (54) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 567.31 Td (Executive ) Tj ET Q q 0 0 0 rg BT 286.57 567.31 Td (V) Tj ET Q q 0 0 0 rg BT 292.72 567.31 Td (ice ) Tj ET Q q 0 0 0 rg BT 305.65 567.31 Td (President, ) Tj ET Q q 0 0 0 rg BT 344.10 567.31 Td (Supply ) Tj ET Q q 0 0 0 rg BT 372.31 567.31 Td (Chain ) Tj ET Q q 0 0 0 rg BT 396.52 567.31 Td (since ) Tj ET Q q 0 0 0 rg BT 417.72 567.31 Td (2015. ) Tj ET Q q 0 0 0 rg BT 440.68 567.31 Td (Prior ) Tj ET Q q 0 0 0 rg BT 461.38 567.31 Td (to ) Tj ET Q q 0 0 0 rg BT 471.09 567.31 Td (joining ) Tj ET Q q 0 0 0 rg BT 499.30 567.31 Td (Covanta, ) Tj ET Q q 0 0 0 rg BT 534.25 567.31 Td (Mr) Tj ET Q q 0 0 0 rg BT 545.00 567.31 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 556.51 Td (de ) Tj ET Q q 0 0 0 rg BT 260.04 556.51 Td (Castro ) Tj ET Q q 0 0 0 rg BT 287.09 556.51 Td (was ) Tj ET Q q 0 0 0 rg BT 304.63 556.51 Td (employed ) Tj ET Q q 0 0 0 rg BT 343.67 556.51 Td (by ) Tj ET Q q 0 0 0 rg BT 355.68 556.51 Td (Air ) Tj ET Q q 0 0 0 rg BT 370.98 556.51 Td (Products ) Tj ET Q q 0 0 0 rg BT 406.02 556.51 Td (beginning ) Tj ET Q q 0 0 0 rg BT 445.57 556.51 Td (in ) Tj ET Q q 0 0 0 rg BT 456.12 556.51 Td (2006, ) Tj ET Q q 0 0 0 rg BT 479.91 556.51 Td (serving ) Tj ET Q q 0 0 0 rg BT 509.96 556.51 Td (in ) Tj ET Q q 0 0 0 rg BT 520.50 556.51 Td (various ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 545.76 Td (operational ) Tj ET Q q 0 0 0 rg BT 289.70 545.76 Td (capacities ) Tj ET Q q 0 0 0 rg BT 326.39 545.76 Td (including ) Tj ET Q q 0 0 0 rg BT 361.60 545.76 Td (Director) Tj ET Q q 0 0 0 rg BT 391.41 545.76 Td (, ) Tj ET Q q 0 0 0 rg BT 394.69 545.76 Td (Global ) Tj ET Q q 0 0 0 rg BT 420.41 545.76 Td (Operations ) Tj ET Q q 0 0 0 rg BT 461.09 545.76 Td (Americas.Mr) Tj ET Q q 0 0 0 rg BT 510.58 545.76 Td (. ) Tj ET Q q 0 0 0 rg BT 513.80 545.76 Td (de ) Tj ET Q q 0 0 0 rg BT 523.51 545.76 Td (Castro ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 534.91 Td (left ) Tj ET Q q 0 0 0 rg BT 262.84 534.91 Td (Air ) Tj ET Q q 0 0 0 rg BT 277.92 534.91 Td (Products ) Tj ET Q q 0 0 0 rg BT 312.75 534.91 Td (in ) Tj ET Q q 0 0 0 rg BT 323.08 534.91 Td (2010 ) Tj ET Q q 0 0 0 rg BT 344.41 534.91 Td (to ) Tj ET Q q 0 0 0 rg BT 354.74 534.91 Td (become ) Tj ET Q q 0 0 0 rg BT 386.05 534.91 Td (Chief ) Tj ET Q q 0 0 0 rg BT 409.38 534.91 Td (Executive ) Tj ET Q q 0 0 0 rg BT 448.69 534.91 Td (Of) Tj ET Q q 0 0 0 rg BT 458.10 534.91 Td (ficer ) Tj ET Q q 0 0 0 rg BT 477.84 534.91 Td (of ) Tj ET Q q 0 0 0 rg BT 488.66 534.91 Td (Interstate ) Tj ET Q q 0 0 0 rg BT 525.32 534.91 Td (W) Tj ET Q q 0 0 0 rg BT 533.37 534.91 Td (aste ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 524.16 Td (Services ) Tj ET Q q 0 0 0 rg BT 280.79 524.16 Td (\("IWS"\).In ) Tj ET Q q 0 0 0 rg BT 324.94 524.16 Td (2013, ) Tj ET Q q 0 0 0 rg BT 347.49 524.16 Td (he ) Tj ET Q q 0 0 0 rg BT 358.29 524.16 Td (returned ) Tj ET Q q 0 0 0 rg BT 390.58 524.16 Td (to ) Tj ET Q q 0 0 0 rg BT 399.62 524.16 Td (Air ) Tj ET Q q 0 0 0 rg BT 413.68 524.16 Td (Products, ) Tj ET Q q 0 0 0 rg BT 449.73 524.16 Td (serving ) Tj ET Q q 0 0 0 rg BT 478.53 524.16 Td (as ) Tj ET Q q 0 0 0 rg BT 488.34 524.16 Td (Director) Tj ET Q q 0 0 0 rg BT 518.14 524.16 Td (, ) Tj ET Q q 0 0 0 rg BT 522.51 524.16 Td (Global ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 513.36 Td (Operations ) Tj ET Q q 0 0 0 rg BT 289.85 513.36 Td (Strategic ) Tj ET Q q 0 0 0 rg BT 324.19 513.36 Td (Development ) Tj ET Q q 0 0 0 rg BT 375.04 513.36 Td (and ) Tj ET Q q 0 0 0 rg BT 390.39 513.36 Td (most ) Tj ET Q q 0 0 0 rg BT 410.25 513.36 Td (recently ) Tj ET Q q 0 0 0 rg BT 441.60 513.36 Td (as ) Tj ET Q q 0 0 0 rg BT 451.45 513.36 Td (Fulfillment ) Tj ET Q q 0 0 0 rg BT 494.31 513.36 Td (Director ) Tj ET Q q 0 0 0 rg BT 526.65 513.36 Td (in ) Tj ET Q q 0 0 0 rg BT 536.01 513.36 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 502.51 Td (Performance ) Tj ET Q q 0 0 0 rg BT 295.92 502.51 Td (Materials ) Tj ET Q q 0 0 0 rg BT 331.85 502.51 Td (Division. ) Tj ET Q q 0 0 0 rg BT 367.04 502.51 Td (Prior ) Tj ET Q q 0 0 0 rg BT 386.99 502.51 Td (to ) Tj ET Q q 0 0 0 rg BT 395.93 502.51 Td (his ) Tj ET Q q 0 0 0 rg BT 408.37 502.51 Td (tenure ) Tj ET Q q 0 0 0 rg BT 432.80 502.51 Td (at ) Tj ET Q q 0 0 0 rg BT 441.24 502.51 Td (IWS ) Tj ET Q q 0 0 0 rg BT 459.68 502.51 Td (and ) Tj ET Q q 0 0 0 rg BT 474.44 502.51 Td (Air ) Tj ET Q q 0 0 0 rg BT 488.13 502.51 Td (Products, ) Tj ET Q q 0 0 0 rg BT 523.82 502.51 Td (Mr) Tj ET Q q 0 0 0 rg BT 534.57 502.51 Td (. ) Tj ET Q q 0 0 0 rg BT 538.52 502.51 Td (de ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 491.71 Td (Castro ) Tj ET Q q 0 0 0 rg BT 275.01 491.71 Td (held ) Tj ET Q q 0 0 0 rg BT 294.01 491.71 Td (a ) Tj ET Q q 0 0 0 rg BT 301.51 491.71 Td (variety ) Tj ET Q q 0 0 0 rg BT 330.01 491.71 Td (of ) Tj ET Q q 0 0 0 rg BT 341.01 491.71 Td (positions ) Tj ET Q q 0 0 0 rg BT 377.02 491.71 Td (at ) Tj ET Q q 0 0 0 rg BT 386.50 491.71 Td (American ) Tj ET Q q 0 0 0 rg BT 425.24 491.71 Td (Ref-Fuel ) Tj ET Q q 0 0 0 rg BT 460.74 491.71 Td (Company ) Tj ET Q q 0 0 0 rg BT 499.25 491.71 Td (for ) Tj ET Q q 0 0 0 rg BT 513.25 491.71 Td (16 ) Tj ET Q q 0 0 0 rg BT 525.76 491.71 Td (years, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 480.96 Td (culminating ) Tj ET Q q 0 0 0 rg BT 293.24 480.96 Td (with ) Tj ET Q q 0 0 0 rg BT 311.49 480.96 Td (the ) Tj ET Q q 0 0 0 rg BT 324.74 480.96 Td (role ) Tj ET Q q 0 0 0 rg BT 340.98 480.96 Td (of ) Tj ET Q q 0 0 0 rg BT 350.65 480.96 Td (V) Tj ET Q q 0 0 0 rg BT 356.79 480.96 Td (ice ) Tj ET Q q 0 0 0 rg BT 369.26 480.96 Td (President, ) Tj ET Q q 0 0 0 rg BT 407.26 480.96 Td (Operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 424.92 Td (Bradford J. Helgeson ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 414.91 Td (Executive V) Tj ET Q q 0 0 0 rg BT 99.72 414.91 Td (ice Pr) Tj ET Q q 0 0 0 rg BT 123.51 414.91 Td (esident and Chief ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 62.00 404.91 Td (Financial Officer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.00 414.87 Td (40) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 458.31 Td (Executive ) Tj ET Q q 0 0 0 rg BT 287.36 458.31 Td (V) Tj ET Q q 0 0 0 rg BT 293.51 458.31 Td (ice ) Tj ET Q q 0 0 0 rg BT 307.28 458.31 Td (President ) Tj ET Q q 0 0 0 rg BT 344.33 458.31 Td (and ) Tj ET Q q 0 0 0 rg BT 360.88 458.31 Td (Chief ) Tj ET Q q 0 0 0 rg BT 384.43 458.31 Td (Financial ) Tj ET Q q 0 0 0 rg BT 421.48 458.31 Td (Of) Tj ET Q q 0 0 0 rg BT 430.89 458.31 Td (ficer ) Tj ET Q q 0 0 0 rg BT 450.85 458.31 Td (since ) Tj ET Q q 0 0 0 rg BT 472.90 458.31 Td (2013. ) Tj ET Q q 0 0 0 rg BT 496.70 458.31 Td (Mr) Tj ET Q q 0 0 0 rg BT 507.45 458.31 Td (. ) Tj ET Q q 0 0 0 rg BT 513.01 458.31 Td (Helgeson ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 447.51 Td (served ) Tj ET Q q 0 0 0 rg BT 273.64 447.51 Td (as ) Tj ET Q q 0 0 0 rg BT 283.22 447.51 Td (V) Tj ET Q q 0 0 0 rg BT 289.37 447.51 Td (ice ) Tj ET Q q 0 0 0 rg BT 301.74 447.51 Td (President ) Tj ET Q q 0 0 0 rg BT 337.39 447.51 Td (and ) Tj ET Q q 0 0 0 rg BT 352.46 447.51 Td (T) Tj ET Q q 0 0 0 rg BT 357.72 447.51 Td (reasurer ) Tj ET Q q 0 0 0 rg BT 388.69 447.51 Td (from ) Tj ET Q q 0 0 0 rg BT 408.34 447.51 Td (2007 ) Tj ET Q q 0 0 0 rg BT 428.49 447.51 Td (to ) Tj ET Q q 0 0 0 rg BT 437.65 447.51 Td (2013. ) Tj ET Q q 0 0 0 rg BT 460.05 447.51 Td (Prior ) Tj ET Q q 0 0 0 rg BT 480.20 447.51 Td (to ) Tj ET Q q 0 0 0 rg BT 489.36 447.51 Td (joining ) Tj ET Q q 0 0 0 rg BT 517.01 447.51 Td (Covanta ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 436.76 Td (in ) Tj ET Q q 0 0 0 rg BT 256.88 436.76 Td (2007, ) Tj ET Q q 0 0 0 rg BT 279.01 436.76 Td (Mr) Tj ET Q q 0 0 0 rg BT 289.77 436.76 Td (. ) Tj ET Q q 0 0 0 rg BT 293.65 436.76 Td (Helgeson ) Tj ET Q q 0 0 0 rg BT 329.52 436.76 Td (was ) Tj ET Q q 0 0 0 rg BT 345.35 436.76 Td (V) Tj ET Q q 0 0 0 rg BT 351.49 436.76 Td (ice ) Tj ET Q q 0 0 0 rg BT 363.60 436.76 Td (President, ) Tj ET Q q 0 0 0 rg BT 401.22 436.76 Td (Finance ) Tj ET Q q 0 0 0 rg BT 431.59 436.76 Td (and ) Tj ET Q q 0 0 0 rg BT 446.42 436.76 Td (T) Tj ET Q q 0 0 0 rg BT 451.67 436.76 Td (reasurer ) Tj ET Q q 0 0 0 rg BT 482.38 436.76 Td (at ) Tj ET Q q 0 0 0 rg BT 490.70 436.76 Td (W) Tj ET Q q 0 0 0 rg BT 498.75 436.76 Td (aste ) Tj ET Q q 0 0 0 rg BT 514.26 436.76 Td (Services, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 425.91 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 265.40 425.91 Td (a ) Tj ET Q q 0 0 0 rg BT 270.81 425.91 Td (publicly-traded ) Tj ET Q q 0 0 0 rg BT 327.20 425.91 Td (environmental ) Tj ET Q q 0 0 0 rg BT 380.59 425.91 Td (services ) Tj ET Q q 0 0 0 rg BT 410.98 425.91 Td (company ) Tj ET Q q 0 0 0 rg BT 445.38 425.91 Td (with ) Tj ET Q q 0 0 0 rg BT 462.79 425.91 Td (operations ) Tj ET Q q 0 0 0 rg BT 501.69 425.91 Td (in ) Tj ET Q q 0 0 0 rg BT 510.10 425.91 Td (the ) Tj ET Q q 0 0 0 rg BT 522.51 425.91 Td (United ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 415.16 Td (States ) Tj ET Q q 0 0 0 rg BT 273.12 415.16 Td (and ) Tj ET Q q 0 0 0 rg BT 289.73 415.16 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 322.59 415.16 Td (from ) Tj ET Q q 0 0 0 rg BT 343.70 415.16 Td (2004 ) Tj ET Q q 0 0 0 rg BT 365.32 415.16 Td (to ) Tj ET Q q 0 0 0 rg BT 375.94 415.16 Td (2007. ) Tj ET Q q 0 0 0 rg BT 399.81 415.16 Td (Prior ) Tj ET Q q 0 0 0 rg BT 421.43 415.16 Td (to ) Tj ET Q q 0 0 0 rg BT 432.05 415.16 Td (these ) Tj ET Q q 0 0 0 rg BT 454.16 415.16 Td (roles, ) Tj ET Q q 0 0 0 rg BT 477.52 415.16 Td (Mr) Tj ET Q q 0 0 0 rg BT 488.27 415.16 Td (. ) Tj ET Q q 0 0 0 rg BT 493.89 415.16 Td (Helgeson ) Tj ET Q q 0 0 0 rg BT 531.51 415.16 Td (held ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 404.36 Td (positions ) Tj ET Q q 0 0 0 rg BT 282.92 404.36 Td (in ) Tj ET Q q 0 0 0 rg BT 292.33 404.36 Td (the ) Tj ET Q q 0 0 0 rg BT 305.74 404.36 Td (investment ) Tj ET Q q 0 0 0 rg BT 347.65 404.36 Td (banking ) Tj ET Q q 0 0 0 rg BT 379.06 404.36 Td (departments ) Tj ET Q q 0 0 0 rg BT 425.46 404.36 Td (at ) Tj ET Q q 0 0 0 rg BT 434.37 404.36 Td (Lehman ) Tj ET Q q 0 0 0 rg BT 466.27 404.36 Td (Brothers ) Tj ET Q q 0 0 0 rg BT 499.67 404.36 Td (from ) Tj ET Q q 0 0 0 rg BT 519.58 404.36 Td (2000 ) Tj ET Q q 0 0 0 rg BT 540.00 404.36 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 393.51 Td (2004 ) Tj ET Q q 0 0 0 rg BT 268.26 393.51 Td (and ) Tj ET Q q 0 0 0 rg BT 283.51 393.51 Td (at ) Tj ET Q q 0 0 0 rg BT 292.26 393.51 Td (Donaldson, ) Tj ET Q q 0 0 0 rg BT 335.76 393.51 Td (Lufkin ) Tj ET Q q 0 0 0 rg BT 362.51 393.51 Td (& ) Tj ET Q q 0 0 0 rg BT 371.76 393.51 Td (Jenrette ) Tj ET Q q 0 0 0 rg BT 402.00 393.51 Td (from ) Tj ET Q q 0 0 0 rg BT 421.75 393.51 Td (1998 ) Tj ET Q q 0 0 0 rg BT 442.01 393.51 Td (to ) Tj ET Q q 0 0 0 rg BT 451.27 393.51 Td (2000, ) Tj ET Q q 0 0 0 rg BT 473.77 393.51 Td (where ) Tj ET Q q 0 0 0 rg BT 498.01 393.51 Td (he ) Tj ET Q q 0 0 0 rg BT 508.76 393.51 Td (worked ) Tj ET Q q 0 0 0 rg BT 538.01 393.51 Td (on ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 382.71 Td (a ) Tj ET Q q 0 0 0 rg BT 253.60 382.71 Td (wide ) Tj ET Q q 0 0 0 rg BT 272.70 382.71 Td (range ) Tj ET Q q 0 0 0 rg BT 294.29 382.71 Td (of ) Tj ET Q q 0 0 0 rg BT 303.40 382.71 Td (capital ) Tj ET Q q 0 0 0 rg BT 328.99 382.71 Td (markets ) Tj ET Q q 0 0 0 rg BT 359.09 382.71 Td (and ) Tj ET Q q 0 0 0 rg BT 373.69 382.71 Td (mer) Tj ET Q q 0 0 0 rg BT 387.60 382.71 Td (ger ) Tj ET Q q 0 0 0 rg BT 400.62 382.71 Td (and ) Tj ET Q q 0 0 0 rg BT 415.22 382.71 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 456.32 382.71 Td (transactions ) Tj ET Q q 0 0 0 rg BT 500.91 382.71 Td (for ) Tj ET Q q 0 0 0 rg BT 513.01 382.71 Td (industrial ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 371.96 Td (companies, ) Tj ET Q q 0 0 0 rg BT 290.99 371.96 Td (with ) Tj ET Q q 0 0 0 rg BT 309.24 371.96 Td (a ) Tj ET Q q 0 0 0 rg BT 315.48 371.96 Td (particular ) Tj ET Q q 0 0 0 rg BT 352.21 371.96 Td (focus ) Tj ET Q q 0 0 0 rg BT 373.96 371.96 Td (in ) Tj ET Q q 0 0 0 rg BT 383.21 371.96 Td (the ) Tj ET Q q 0 0 0 rg BT 396.45 371.96 Td (environmental ) Tj ET Q q 0 0 0 rg BT 450.68 371.96 Td (services ) Tj ET Q q 0 0 0 rg BT 481.92 371.96 Td (sector) Tj ET Q q 0 0 0 rg BT 503.16 371.96 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 325.92 Td (Matthew R. Mulcahy) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 315.91 Td (Executive V) Tj ET Q q 0 0 0 rg BT 99.72 315.91 Td (ice Pr) Tj ET Q q 0 0 0 rg BT 123.51 315.91 Td (esident and Head of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 62.00 305.91 Td (Corporate Development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.00 315.87 Td (53) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 353.91 Td (Executive ) Tj ET Q q 0 0 0 rg BT 286.07 353.91 Td (V) Tj ET Q q 0 0 0 rg BT 292.03 353.91 Td (ice President and Head of Corporate Development since 2017. Mr) Tj ET Q q 0 0 0 rg BT 531.71 353.91 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 343.11 Td (Mulcahy served as Senior ) Tj ET Q q 0 0 0 rg BT 343.31 343.11 Td (V) Tj ET Q q 0 0 0 rg BT 349.27 343.11 Td (ice President and Head of Corporate Development for ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 332.36 Td (Covanta from 2012 to 2016 and Senior ) Tj ET Q q 0 0 0 rg BT 390.57 332.36 Td (V) Tj ET Q q 0 0 0 rg BT 396.53 332.36 Td (ice President of Business Development ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 321.51 Td (from 2007 through 201) Tj ET Q q 0 0 0 rg BT 331.41 321.51 Td (1. From 2003 to 2007, Mr) Tj ET Q q 0 0 0 rg BT 424.66 321.51 Td (. Mulcahy served as ) Tj ET Q q 0 0 0 rg BT 498.73 321.51 Td (V) Tj ET Q q 0 0 0 rg BT 504.69 321.51 Td (ice ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 310.76 Td (President of Covanta Secure Service and ) Tj ET Q q 0 0 0 rg BT 396.79 310.76 Td (T) Tj ET Q q 0 0 0 rg BT 401.97 310.76 Td (ransRiver Marketing, a Covanta ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 299.96 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 284.41 299.96 Td (. From 2000 to 2003, Mr) Tj ET Q q 0 0 0 rg BT 373.17 299.96 Td (. Mulcahy was Covanta) Tj ET Q q 0 0 0 rg BT 460.65 299.96 Td (s ) Tj ET Q q 0 0 0 rg BT 466.24 299.96 Td (V) Tj ET Q q 0 0 0 rg BT 472.20 299.96 Td (ice President, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 289.11 Td (Project Implementation. Mr) Tj ET Q q 0 0 0 rg BT 347.73 289.11 Td (. Mulcahy joined Covanta in 1990.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 242.42 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 242.42 Td (imothy J. 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Prior to that role, Mr.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 137.86 Td (Stauder served in a number of positions with Covanta Energy, including Regional) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 127.06 Td (Vice President, overseeing EfW plants and independent power plants.Mr. Stauder) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 116.21 Td (joined Covanta in 1997.) 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From) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 712.86 Td (2007 to 2011, Mr. Veenhof served as Vice President of TransRiver Marketing, a) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 703.86 Td (Covanta Energy subsidiary, and managed contract efforts in recycling and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 694.86 Td (waste.From 2002 to 2006, Mr. Veenhof was Covanta Energys New York Metro) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 685.86 Td (Area Manager responsible for waste contract negotiations, business operations and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 676.86 Td (business marketing and development for the Metro NY, NJ and Philadelphia) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 667.86 Td (market areas.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 632.17 Td (Michael ) Tj ET Q q 0 0 0 rg BT 87.71 632.17 Td (A. ) Tj ET Q q 0 0 0 rg BT 99.75 632.17 Td (W) Tj ET Q q 0 0 0 rg BT 108.79 632.17 Td (right) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 622.16 Td (Senior V) Tj ET Q q 0 0 0 rg BT 86.97 622.16 Td (ice Pr) Tj ET Q q 0 0 0 rg BT 110.76 622.16 Td (esident and Chief Human ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 62.00 612.16 Td (Resour) Tj ET Q q 0 0 0 rg BT 89.96 612.16 Td (ces Officer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.00 622.12 Td (54) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 644.86 Td (Senior Vice President and Chief Human Resources Officer since 2009. Mr. Wright) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 635.86 Td (served as President of The Wright Group, Inc., a boutique human capital) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 626.86 Td (consulting firm from 2008 to 2009, prior to which Mr. Wright spent 25 years) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 617.86 Td (serving in a variety of positions at the Altria family of companies \(Kraft and Philip) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 608.86 Td (Morris\), including Vice President-Human Resources & Technology for Altria) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 599.86 Td (Corporate Services, Inc. from 2006 to 2008.) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 566.20 Td (Item1A.) 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(price ) Tj ET Q q 0 0 0 rg BT 487.11 512.20 Td (volatility) Tj ET Q q 0 0 0 rg BT 522.57 512.20 Td (. ) Tj ET Q q 0 0 0 rg BT 527.57 512.20 Td (Changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 500.20 Td (in ) Tj ET Q q 0 0 0 rg BT 59.89 500.20 Td (the ) Tj ET Q q 0 0 0 rg BT 74.22 500.20 Td (market ) Tj ET Q q 0 0 0 rg BT 104.09 500.20 Td (prices ) Tj ET Q q 0 0 0 rg BT 130.08 500.20 Td (for ) Tj ET Q q 0 0 0 rg BT 143.85 500.20 Td (electricity ) Tj ET Q q 0 0 0 rg BT 185.94 500.20 Td (and ) Tj ET Q q 0 0 0 rg BT 202.49 500.20 Td (steam ) Tj ET Q q 0 0 0 rg BT 227.93 500.20 Td (in ) Tj ET Q q 0 0 0 rg BT 237.82 500.20 Td (particular ) Tj ET Q q 0 0 0 rg BT 278.24 500.20 Td (can ) Tj ET Q q 0 0 0 rg BT 294.23 500.20 Td (be ) Tj ET Q q 0 0 0 rg BT 305.78 500.20 Td (af) Tj ET Q q 0 0 0 rg BT 313.37 500.20 Td (fected ) Tj ET Q q 0 0 0 rg BT 339.90 500.20 Td (by ) Tj ET Q q 0 0 0 rg BT 352.02 500.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 386.34 500.20 Td (in ) Tj ET Q q 0 0 0 rg BT 396.23 500.20 Td (natural ) Tj ET Q q 0 0 0 rg BT 426.10 500.20 Td (gas ) Tj ET Q q 0 0 0 rg BT 441.54 500.20 Td (prices, ) Tj ET Q q 0 0 0 rg BT 470.03 500.20 Td (weather ) Tj ET Q q 0 0 0 rg BT 503.79 500.20 Td (conditions ) Tj ET Q q 0 0 0 rg BT 547.57 500.20 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 488.20 Td (other ) Tj ET Q q 0 0 0 rg BT 75.05 488.20 Td (market ) Tj ET Q q 0 0 0 rg BT 107.32 488.20 Td (variables, ) Tj ET Q q 0 0 0 rg BT 150.42 488.20 Td (while ) Tj ET Q q 0 0 0 rg BT 177.15 488.20 Td (recycled ) Tj ET Q q 0 0 0 rg BT 215.52 488.20 Td (metals ) Tj ET Q q 0 0 0 rg BT 246.13 488.20 Td (prices ) Tj ET Q q 0 0 0 rg BT 274.51 488.20 Td (are ) Tj ET Q q 0 0 0 rg BT 291.23 488.20 Td (af) Tj ET Q q 0 0 0 rg BT 298.81 488.20 Td (fected ) Tj ET Q q 0 0 0 rg BT 327.74 488.20 Td (by ) Tj ET Q q 0 0 0 rg BT 342.25 488.20 Td (general ) Tj ET Q q 0 0 0 rg BT 376.18 488.20 Td (economic ) Tj ET Q q 0 0 0 rg BT 419.56 488.20 Td (conditions ) Tj ET Q q 0 0 0 rg BT 465.73 488.20 Td (and ) Tj ET Q q 0 0 0 rg BT 484.68 488.20 Td (global ) Tj ET Q q 0 0 0 rg BT 514.18 488.20 Td (demand ) Tj ET Q q 0 0 0 rg BT 550.34 488.20 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 476.20 Td (construction, ) Tj ET Q q 0 0 0 rg BT 104.48 476.20 Td (goods ) Tj ET Q q 0 0 0 rg BT 130.92 476.20 Td (and ) Tj ET Q q 0 0 0 rg BT 147.90 476.20 Td (services. ) Tj ET Q q 0 0 0 rg BT 185.16 476.20 Td (Similarly) Tj ET Q q 0 0 0 rg BT 221.73 476.20 Td (, ) Tj ET Q q 0 0 0 rg BT 226.77 476.20 Td (the ) Tj ET Q q 0 0 0 rg BT 241.54 476.20 Td (portion ) Tj ET Q q 0 0 0 rg BT 272.97 476.20 Td (of ) Tj ET Q q 0 0 0 rg BT 283.85 476.20 Td (waste ) Tj ET Q q 0 0 0 rg BT 309.16 476.20 Td (processing ) Tj ET Q q 0 0 0 rg BT 354.48 476.20 Td (capacity ) Tj ET Q q 0 0 0 rg BT 390.33 476.20 Td (which ) Tj ET Q q 0 0 0 rg BT 417.32 476.20 Td (is ) Tj ET Q q 0 0 0 rg BT 426.54 476.20 Td (not ) Tj ET Q q 0 0 0 rg BT 441.86 476.20 Td (under ) Tj ET Q q 0 0 0 rg BT 467.18 476.20 Td (contract ) Tj ET Q q 0 0 0 rg BT 501.92 476.20 Td (may ) Tj ET Q q 0 0 0 rg BT 521.69 476.20 Td (be ) Tj ET Q q 0 0 0 rg BT 533.67 476.20 Td (subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 464.20 Td (to ) Tj ET Q q 0 0 0 rg BT 59.73 464.20 Td (volatility) Tj ET Q q 0 0 0 rg BT 95.19 464.20 Td (, ) Tj ET Q q 0 0 0 rg BT 99.63 464.20 Td (principally ) Tj ET Q q 0 0 0 rg BT 144.90 464.20 Td (as ) Tj ET Q q 0 0 0 rg BT 155.18 464.20 Td (a ) Tj ET Q q 0 0 0 rg BT 161.57 464.20 Td (result ) Tj ET Q q 0 0 0 rg BT 185.73 464.20 Td (of ) Tj ET Q q 0 0 0 rg BT 196.01 464.20 Td (general ) Tj ET Q q 0 0 0 rg BT 227.38 464.20 Td (economic ) Tj ET Q q 0 0 0 rg BT 268.20 464.20 Td (activity ) Tj ET Q q 0 0 0 rg BT 300.14 464.20 Td (and ) Tj ET Q q 0 0 0 rg BT 316.53 464.20 Td (waste ) Tj ET Q q 0 0 0 rg BT 341.25 464.20 Td (generation ) Tj ET Q q 0 0 0 rg BT 385.40 464.20 Td (rates, ) Tj ET Q q 0 0 0 rg BT 408.72 464.20 Td (as ) Tj ET Q q 0 0 0 rg BT 419.00 464.20 Td (well ) Tj ET Q q 0 0 0 rg BT 438.16 464.20 Td (as ) Tj ET Q q 0 0 0 rg BT 448.44 464.20 Td (the ) Tj ET Q q 0 0 0 rg BT 462.61 464.20 Td (availability ) Tj ET Q q 0 0 0 rg BT 509.54 464.20 Td (of ) Tj ET Q q 0 0 0 rg BT 519.82 464.20 Td (alternative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 452.20 Td (disposal ) Tj ET Q q 0 0 0 rg BT 85.03 452.20 Td (sites ) Tj ET Q q 0 0 0 rg BT 105.06 452.20 Td (and ) Tj ET Q q 0 0 0 rg BT 121.75 452.20 Td (the ) Tj ET Q q 0 0 0 rg BT 136.21 452.20 Td (cost ) Tj ET Q q 0 0 0 rg BT 154.57 452.20 Td (to ) Tj ET Q q 0 0 0 rg BT 164.60 452.20 Td (transport ) Tj ET Q q 0 0 0 rg BT 202.40 452.20 Td (waste ) Tj ET Q q 0 0 0 rg BT 227.41 452.20 Td (to ) Tj ET Q q 0 0 0 rg BT 237.44 452.20 Td (alternative ) Tj ET Q q 0 0 0 rg BT 281.89 452.20 Td (disposal. ) Tj ET Q q 0 0 0 rg BT 319.26 452.20 Td (V) Tj ET Q q 0 0 0 rg BT 325.19 452.20 Td (olatility ) Tj ET Q q 0 0 0 rg BT 358.55 452.20 Td (with ) Tj ET Q q 0 0 0 rg BT 378.57 452.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 409.14 452.20 Td (to ) Tj ET Q q 0 0 0 rg BT 419.17 452.20 Td (these ) Tj ET Q q 0 0 0 rg BT 441.97 452.20 Td (all ) Tj ET Q q 0 0 0 rg BT 454.21 452.20 Td (of ) Tj ET Q q 0 0 0 rg BT 464.79 452.20 Td (these ) Tj ET Q q 0 0 0 rg BT 487.59 452.20 Td (revenue ) Tj ET Q q 0 0 0 rg BT 521.48 452.20 Td (categories ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 440.20 Td (could ) Tj ET Q q 0 0 0 rg BT 74.15 440.20 Td (adversely ) Tj ET Q q 0 0 0 rg BT 114.41 440.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 143.56 440.20 Td (our ) Tj ET Q q 0 0 0 rg BT 158.82 440.20 Td (businesses) Tj ET Q q 0 0 0 rg BT 203.63 440.20 Td ( ) Tj ET Q q 0 0 0 rg BT 205.57 440.20 Td (profitability ) Tj ET Q q 0 0 0 rg BT 255.28 440.20 Td (and ) Tj ET Q q 0 0 0 rg BT 271.65 440.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 308.57 440.20 Td (performance. ) Tj ET Q q 0 0 0 rg BT 363.39 440.20 Td (W) Tj ET Q q 0 0 0 rg BT 372.03 440.20 Td (e ) Tj ET Q q 0 0 0 rg BT 378.40 440.20 Td (may ) Tj ET Q q 0 0 0 rg BT 397.56 440.20 Td (not ) Tj ET Q q 0 0 0 rg BT 412.27 440.20 Td (be ) Tj ET Q q 0 0 0 rg BT 423.65 440.20 Td (successful ) Tj ET Q q 0 0 0 rg BT 466.69 440.20 Td (in ) Tj ET Q q 0 0 0 rg BT 476.40 440.20 Td (our ) Tj ET Q q 0 0 0 rg BT 491.67 440.20 Td (ef) Tj ET Q q 0 0 0 rg BT 499.26 440.20 Td (forts ) Tj ET Q q 0 0 0 rg BT 519.53 440.20 Td (to ) Tj ET Q q 0 0 0 rg BT 529.24 440.20 Td (mitigate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 428.20 Td (our ) Tj ET Q q 0 0 0 rg BT 65.83 428.20 Td (exposure ) Tj ET Q q 0 0 0 rg BT 104.43 428.20 Td (to ) Tj ET Q q 0 0 0 rg BT 114.71 428.20 Td (price ) Tj ET Q q 0 0 0 rg BT 137.19 428.20 Td (swings ) Tj ET Q q 0 0 0 rg BT 167.48 428.20 Td (relating ) Tj ET Q q 0 0 0 rg BT 200.52 428.20 Td (to ) Tj ET Q q 0 0 0 rg BT 210.80 428.20 Td (these ) Tj ET Q q 0 0 0 rg BT 233.84 428.20 Td (revenue ) Tj ET Q q 0 0 0 rg BT 267.99 428.20 Td (streams.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 410.20 Td (W) Tj ET Q q 0 0 0 rg BT 67.64 410.20 Td (e ) Tj ET Q q 0 0 0 rg BT 75.02 410.20 Td (may ) Tj ET Q q 0 0 0 rg BT 95.19 410.20 Td (experience ) Tj ET Q q 0 0 0 rg BT 141.43 410.20 Td (volatility ) Tj ET Q q 0 0 0 rg BT 180.49 410.20 Td (in ) Tj ET Q q 0 0 0 rg BT 191.21 410.20 Td (the ) Tj ET Q q 0 0 0 rg BT 206.38 410.20 Td (market ) Tj ET Q q 0 0 0 rg BT 237.09 410.20 Td (prices ) Tj ET Q q 0 0 0 rg BT 263.91 410.20 Td (and ) Tj ET Q q 0 0 0 rg BT 281.30 410.20 Td (availability ) Tj ET Q q 0 0 0 rg BT 329.23 410.20 Td (of ) Tj ET Q q 0 0 0 rg BT 340.51 410.20 Td (commodities ) Tj ET Q q 0 0 0 rg BT 395.11 410.20 Td (we ) Tj ET Q q 0 0 0 rg BT 409.72 410.20 Td (purchase, ) Tj ET Q q 0 0 0 rg BT 450.70 410.20 Td (such ) Tj ET Q q 0 0 0 rg BT 471.98 410.20 Td (as ) Tj ET Q q 0 0 0 rg BT 483.26 410.20 Td (reagents, ) Tj ET Q q 0 0 0 rg BT 522.02 410.20 Td (chemicals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.20 Td (and ) Tj ET Q q 0 0 0 rg BT 66.58 398.20 Td (fuel. ) Tj ET Q q 0 0 0 rg BT 86.29 398.20 Td (Any ) Tj ET Q q 0 0 0 rg BT 105.66 398.20 Td (price ) Tj ET Q q 0 0 0 rg BT 127.78 398.20 Td (increase, ) Tj ET Q q 0 0 0 rg BT 165.18 398.20 Td (delivery ) Tj ET Q q 0 0 0 rg BT 200.08 398.20 Td (disruption ) Tj ET Q q 0 0 0 rg BT 242.78 398.20 Td (or ) Tj ET Q q 0 0 0 rg BT 253.25 398.20 Td (reduction ) Tj ET Q q 0 0 0 rg BT 293.16 398.20 Td (in ) Tj ET Q q 0 0 0 rg BT 303.08 398.20 Td (the ) Tj ET Q q 0 0 0 rg BT 317.44 398.20 Td (availability ) Tj ET Q q 0 0 0 rg BT 364.56 398.20 Td (of ) Tj ET Q q 0 0 0 rg BT 375.03 398.20 Td (such ) Tj ET Q q 0 0 0 rg BT 395.50 398.20 Td (supplies ) Tj ET Q q 0 0 0 rg BT 430.42 398.20 Td (could ) Tj ET Q q 0 0 0 rg BT 454.78 398.20 Td (af) Tj ET Q q 0 0 0 rg BT 462.37 398.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 479.50 398.20 Td (our ) Tj ET Q q 0 0 0 rg BT 494.97 398.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 522.66 398.20 Td (to ) Tj ET Q q 0 0 0 rg BT 532.58 398.20 Td (operate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.20 Td (the ) Tj ET Q q 0 0 0 rg BT 64.33 386.20 Td (facilities ) Tj ET Q q 0 0 0 rg BT 100.87 386.20 Td (and ) Tj ET Q q 0 0 0 rg BT 117.42 386.20 Td (impair ) Tj ET Q q 0 0 0 rg BT 145.63 386.20 Td (our ) Tj ET Q q 0 0 0 rg BT 161.07 386.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 180.95 386.20 Td (flow ) Tj ET Q q 0 0 0 rg BT 201.39 386.20 Td (and ) Tj ET Q q 0 0 0 rg BT 217.94 386.20 Td (profitability) Tj ET Q q 0 0 0 rg BT 265.06 386.20 Td (. ) Tj ET Q q 0 0 0 rg BT 269.52 386.20 Td (W) Tj ET Q q 0 0 0 rg BT 278.16 386.20 Td (e ) Tj ET Q q 0 0 0 rg BT 284.71 386.20 Td (may ) Tj ET Q q 0 0 0 rg BT 304.03 386.20 Td (not ) Tj ET Q q 0 0 0 rg BT 318.92 386.20 Td (be ) Tj ET Q q 0 0 0 rg BT 330.47 386.20 Td (successful ) Tj ET Q q 0 0 0 rg BT 373.68 386.20 Td (in ) Tj ET Q q 0 0 0 rg BT 383.57 386.20 Td (our ) Tj ET Q q 0 0 0 rg BT 399.01 386.20 Td (ef) Tj ET Q q 0 0 0 rg BT 406.60 386.20 Td (forts ) Tj ET Q q 0 0 0 rg BT 427.04 386.20 Td (to ) Tj ET Q q 0 0 0 rg BT 436.93 386.20 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 471.81 386.20 Td (our ) Tj ET Q q 0 0 0 rg BT 487.25 386.20 Td (exposure ) Tj ET Q q 0 0 0 rg BT 525.46 386.20 Td (to ) Tj ET Q q 0 0 0 rg BT 535.35 386.20 Td (supply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.20 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 374.20 Td (price ) Tj ET Q q 0 0 0 rg BT 89.42 374.20 Td (swings ) Tj ET Q q 0 0 0 rg BT 119.71 374.20 Td (for ) Tj ET Q q 0 0 0 rg BT 133.87 374.20 Td (these ) Tj ET Q q 0 0 0 rg BT 156.91 374.20 Td (commodities.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 356.20 Td (W) Tj ET Q q 0 0 0 rg BT 67.15 356.20 Td (eakness ) Tj ET Q q 0 0 0 rg BT 101.87 356.20 Td (in ) Tj ET Q q 0 0 0 rg BT 112.71 356.20 Td (the ) Tj ET Q q 0 0 0 rg BT 127.99 356.20 Td (economy ) Tj ET Q q 0 0 0 rg BT 167.14 356.20 Td (may ) Tj ET Q q 0 0 0 rg BT 186.86 356.20 Td (have ) Tj ET Q q 0 0 0 rg BT 208.80 356.20 Td (an ) Tj ET Q q 0 0 0 rg BT 221.86 356.20 Td (adverse ) Tj ET Q q 0 0 0 rg BT 255.46 356.20 Td (ef) Tj ET Q q 0 0 0 rg BT 263.05 356.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 280.53 356.20 Td (on ) Tj ET Q q 0 0 0 rg BT 293.59 356.20 Td (our ) Tj ET Q q 0 0 0 rg BT 310.55 356.20 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 348.32 356.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 369.71 356.20 Td (flow ) Tj ET Q q 0 0 0 rg BT 389.99 356.20 Td (and ) Tj ET Q q 0 0 0 rg BT 408.05 356.20 Td (our ) Tj ET Q q 0 0 0 rg BT 425.00 356.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 453.05 356.20 Td (to ) Tj ET Q q 0 0 0 rg BT 463.33 356.20 Td (grow ) Tj ET Q q 0 0 0 rg BT 486.39 356.20 Td (our ) Tj ET Q q 0 0 0 rg BT 503.35 356.20 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 338.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 77.75 338.20 Td (business ) Tj ET Q q 0 0 0 rg BT 114.85 338.20 Td (is ) Tj ET Q q 0 0 0 rg BT 124.72 338.20 Td (directly ) Tj ET Q q 0 0 0 rg BT 158.46 338.20 Td (af) Tj ET Q q 0 0 0 rg BT 166.05 338.20 Td (fected ) Tj ET Q q 0 0 0 rg BT 193.68 338.20 Td (by ) Tj ET Q q 0 0 0 rg BT 206.88 338.20 Td (economic ) Tj ET Q q 0 0 0 rg BT 248.95 338.20 Td (slowdowns ) Tj ET Q q 0 0 0 rg BT 297.16 338.20 Td (and ) Tj ET Q q 0 0 0 rg BT 314.80 338.20 Td (general ) Tj ET Q q 0 0 0 rg BT 347.43 338.20 Td (reduction ) Tj ET Q q 0 0 0 rg BT 388.39 338.20 Td (in ) Tj ET Q q 0 0 0 rg BT 399.37 338.20 Td (demand ) Tj ET Q q 0 0 0 rg BT 434.23 338.20 Td (for ) Tj ET Q q 0 0 0 rg BT 449.09 338.20 Td (goods ) Tj ET Q q 0 0 0 rg BT 476.19 338.20 Td (and ) Tj ET Q q 0 0 0 rg BT 493.83 338.20 Td (services. ) Tj ET Q q 0 0 0 rg BT 531.03 338.20 Td (A) Tj ET Q q 0 0 0 rg BT 537.70 338.20 Td ( ) Tj ET Q q 0 0 0 rg BT 540.90 338.20 Td (weak ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.20 Td (economy ) Tj ET Q q 0 0 0 rg BT 90.21 326.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 130.96 326.20 Td (results ) Tj ET Q q 0 0 0 rg BT 160.62 326.20 Td (in ) Tj ET Q q 0 0 0 rg BT 171.94 326.20 Td (reduced ) Tj ET Q q 0 0 0 rg BT 207.14 326.20 Td (overall ) Tj ET Q q 0 0 0 rg BT 238.45 326.20 Td (demand ) Tj ET Q q 0 0 0 rg BT 273.66 326.20 Td (for ) Tj ET Q q 0 0 0 rg BT 288.87 326.20 Td (waste ) Tj ET Q q 0 0 0 rg BT 315.19 326.20 Td (disposal, ) Tj ET Q q 0 0 0 rg BT 354.01 326.20 Td (recycled ) Tj ET Q q 0 0 0 rg BT 391.43 326.20 Td (metal ) Tj ET Q q 0 0 0 rg BT 417.19 326.20 Td (and ) Tj ET Q q 0 0 0 rg BT 435.18 326.20 Td (ener) Tj ET Q q 0 0 0 rg BT 452.20 326.20 Td (gy ) Tj ET Q q 0 0 0 rg BT 465.75 326.20 Td (production. ) Tj ET Q q 0 0 0 rg BT 515.13 326.20 Td (Under ) Tj ET Q q 0 0 0 rg BT 543.67 326.20 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 314.20 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 97.08 314.20 Td (the ) Tj ET Q q 0 0 0 rg BT 112.22 314.20 Td (pricing ) Tj ET Q q 0 0 0 rg BT 143.47 314.20 Td (we ) Tj ET Q q 0 0 0 rg BT 158.05 314.20 Td (are ) Tj ET Q q 0 0 0 rg BT 173.17 314.20 Td (able ) Tj ET Q q 0 0 0 rg BT 192.75 314.20 Td (to ) Tj ET Q q 0 0 0 rg BT 203.45 314.20 Td (char) Tj ET Q q 0 0 0 rg BT 220.47 314.20 Td (ge ) Tj ET Q q 0 0 0 rg BT 232.83 314.20 Td (for ) Tj ET Q q 0 0 0 rg BT 247.41 314.20 Td (our ) Tj ET Q q 0 0 0 rg BT 263.66 314.20 Td (waste ) Tj ET Q q 0 0 0 rg BT 289.35 314.20 Td (management ) Tj ET Q q 0 0 0 rg BT 343.36 314.20 Td (services, ) Tj ET Q q 0 0 0 rg BT 380.99 314.20 Td (and ) Tj ET Q q 0 0 0 rg BT 398.34 314.20 Td (for ) Tj ET Q q 0 0 0 rg BT 412.92 314.20 Td (our ) Tj ET Q q 0 0 0 rg BT 429.17 314.20 Td (ener) Tj ET Q q 0 0 0 rg BT 446.20 314.20 Td (gy ) Tj ET Q q 0 0 0 rg BT 459.12 314.20 Td (and ) Tj ET Q q 0 0 0 rg BT 476.48 314.20 Td (recycled ) Tj ET Q q 0 0 0 rg BT 513.26 314.20 Td (metals, ) Tj ET Q q 0 0 0 rg BT 544.79 314.20 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 302.20 Td (decline ) Tj ET Q q 0 0 0 rg BT 81.10 302.20 Td (and/or ) Tj ET Q q 0 0 0 rg BT 108.87 302.20 Td (experience ) Tj ET Q q 0 0 0 rg BT 154.40 302.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 194.38 302.20 Td (volatility) Tj ET Q q 0 0 0 rg BT 229.83 302.20 Td (. ) Tj ET Q q 0 0 0 rg BT 234.56 302.20 Td (In ) Tj ET Q q 0 0 0 rg BT 245.12 302.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 282.62 302.20 Td (many ) Tj ET Q q 0 0 0 rg BT 307.06 302.20 Td (of ) Tj ET Q q 0 0 0 rg BT 317.61 302.20 Td (our ) Tj ET Q q 0 0 0 rg BT 333.17 302.20 Td (customers ) Tj ET Q q 0 0 0 rg BT 375.94 302.20 Td (are ) Tj ET Q q 0 0 0 rg BT 390.37 302.20 Td (municipalities ) Tj ET Q q 0 0 0 rg BT 449.25 302.20 Td (and ) Tj ET Q q 0 0 0 rg BT 465.92 302.20 Td (public ) Tj ET Q q 0 0 0 rg BT 493.14 302.20 Td (authorities ) Tj ET Q q 0 0 0 rg BT 537.58 302.20 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.20 Td (may ) Tj ET Q q 0 0 0 rg BT 70.01 290.20 Td (be ) Tj ET Q q 0 0 0 rg BT 82.24 290.20 Td (adversely ) Tj ET Q q 0 0 0 rg BT 123.34 290.20 Td (af) Tj ET Q q 0 0 0 rg BT 130.93 290.20 Td (fected ) Tj ET Q q 0 0 0 rg BT 158.14 290.20 Td (in ) Tj ET Q q 0 0 0 rg BT 168.71 290.20 Td (an ) Tj ET Q q 0 0 0 rg BT 180.94 290.20 Td (economic ) Tj ET Q q 0 0 0 rg BT 222.60 290.20 Td (downturn ) Tj ET Q q 0 0 0 rg BT 263.73 290.20 Td (due ) Tj ET Q q 0 0 0 rg BT 280.95 290.20 Td (to ) Tj ET Q q 0 0 0 rg BT 291.52 290.20 Td (reduced ) Tj ET Q q 0 0 0 rg BT 325.96 290.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 340.97 290.20 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 377.90 290.20 Td (Consequently) Tj ET Q q 0 0 0 rg BT 432.25 290.20 Td (, ) Tj ET Q q 0 0 0 rg BT 437.54 290.20 Td (some ) Tj ET Q q 0 0 0 rg BT 461.44 290.20 Td (of ) Tj ET Q q 0 0 0 rg BT 472.56 290.20 Td (these ) Tj ET Q q 0 0 0 rg BT 495.90 290.20 Td (entities ) Tj ET Q q 0 0 0 rg BT 527.57 290.20 Td (could ) Tj ET Q q 0 0 0 rg BT 552.58 290.20 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.20 Td (unable ) Tj ET Q q 0 0 0 rg BT 79.16 278.20 Td (to ) Tj ET Q q 0 0 0 rg BT 89.43 278.20 Td (pay ) Tj ET Q q 0 0 0 rg BT 106.37 278.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 142.76 278.20 Td (owed ) Tj ET Q q 0 0 0 rg BT 166.92 278.20 Td (to ) Tj ET Q q 0 0 0 rg BT 177.20 278.20 Td (us ) Tj ET Q q 0 0 0 rg BT 188.59 278.20 Td (or ) Tj ET Q q 0 0 0 rg BT 199.42 278.20 Td (renew ) Tj ET Q q 0 0 0 rg BT 226.35 278.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 264.94 278.20 Td (with ) Tj ET Q q 0 0 0 rg BT 285.22 278.20 Td (us ) Tj ET Q q 0 0 0 rg BT 296.61 278.20 Td (for ) Tj ET Q q 0 0 0 rg BT 310.77 278.20 Td (similar ) Tj ET Q q 0 0 0 rg BT 341.04 278.20 Td (volumes ) Tj ET Q q 0 0 0 rg BT 377.43 278.20 Td (or ) Tj ET Q q 0 0 0 rg BT 388.26 278.20 Td (at ) Tj ET Q q 0 0 0 rg BT 397.98 278.20 Td (previous ) Tj ET Q q 0 0 0 rg BT 434.92 278.20 Td (or ) Tj ET Q q 0 0 0 rg BT 445.75 278.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 486.00 278.20 Td (rates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 260.20 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 115.28 260.20 Td (lower ) Tj ET Q q 0 0 0 rg BT 141.85 260.20 Td (prices ) Tj ET Q q 0 0 0 rg BT 169.52 260.20 Td (for ) Tj ET Q q 0 0 0 rg BT 184.98 260.20 Td (waste ) Tj ET Q q 0 0 0 rg BT 211.54 260.20 Td (disposal ) Tj ET Q q 0 0 0 rg BT 248.12 260.20 Td (and ) Tj ET Q q 0 0 0 rg BT 266.35 260.20 Td (ener) Tj ET Q q 0 0 0 rg BT 283.38 260.20 Td (gy ) Tj ET Q q 0 0 0 rg BT 297.17 260.20 Td (production, ) Tj ET Q q 0 0 0 rg BT 346.80 260.20 Td (particularly ) Tj ET Q q 0 0 0 rg BT 396.68 260.20 Td (in ) Tj ET Q q 0 0 0 rg BT 408.26 260.20 Td (the ) Tj ET Q q 0 0 0 rg BT 424.27 260.20 Td (absence ) Tj ET Q q 0 0 0 rg BT 459.71 260.20 Td (of ) Tj ET Q q 0 0 0 rg BT 471.84 260.20 Td (ener) Tj ET Q q 0 0 0 rg BT 488.86 260.20 Td (gy ) Tj ET Q q 0 0 0 rg BT 502.66 260.20 Td (policies ) Tj ET Q q 0 0 0 rg BT 537.56 260.20 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.20 Td (encourage ) Tj ET Q q 0 0 0 rg BT 93.43 248.20 Td (renewable ) Tj ET Q q 0 0 0 rg BT 136.87 248.20 Td (technologies ) Tj ET Q q 0 0 0 rg BT 189.76 248.20 Td (such ) Tj ET Q q 0 0 0 rg BT 210.43 248.20 Td (as ) Tj ET Q q 0 0 0 rg BT 221.11 248.20 Td (EfW) Tj ET Q q 0 0 0 rg BT 239.07 248.20 Td (, ) Tj ET Q q 0 0 0 rg BT 243.92 248.20 Td (may ) Tj ET Q q 0 0 0 rg BT 263.49 248.20 Td (also ) Tj ET Q q 0 0 0 rg BT 281.94 248.20 Td (make ) Tj ET Q q 0 0 0 rg BT 305.95 248.20 Td (it ) Tj ET Q q 0 0 0 rg BT 313.85 248.20 Td (more ) Tj ET Q q 0 0 0 rg BT 336.75 248.20 Td (dif) Tj ET Q q 0 0 0 rg BT 347.68 248.20 Td (ficult ) Tj ET Q q 0 0 0 rg BT 371.13 248.20 Td (for ) Tj ET Q q 0 0 0 rg BT 385.14 248.20 Td (us ) Tj ET Q q 0 0 0 rg BT 396.38 248.20 Td (to ) Tj ET Q q 0 0 0 rg BT 406.50 248.20 Td (sell ) Tj ET Q q 0 0 0 rg BT 422.74 248.20 Td (waste ) Tj ET Q q 0 0 0 rg BT 447.86 248.20 Td (and ) Tj ET Q q 0 0 0 rg BT 464.64 248.20 Td (ener) Tj ET Q q 0 0 0 rg BT 481.67 248.20 Td (gy ) Tj ET Q q 0 0 0 rg BT 494.02 248.20 Td (services ) Tj ET Q q 0 0 0 rg BT 528.57 248.20 Td (at ) Tj ET Q q 0 0 0 rg BT 538.14 248.20 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.20 Td (suf) Tj ET Q q 0 0 0 rg BT 62.04 236.20 Td (ficient ) Tj ET Q q 0 0 0 rg BT 90.57 236.20 Td (to ) Tj ET Q q 0 0 0 rg BT 101.33 236.20 Td (allow ) Tj ET Q q 0 0 0 rg BT 126.53 236.20 Td (us ) Tj ET Q q 0 0 0 rg BT 138.40 236.20 Td (to ) Tj ET Q q 0 0 0 rg BT 149.17 236.20 Td (grow ) Tj ET Q q 0 0 0 rg BT 172.70 236.20 Td (our ) Tj ET Q q 0 0 0 rg BT 189.01 236.20 Td (business ) Tj ET Q q 0 0 0 rg BT 225.89 236.20 Td (through ) Tj ET Q q 0 0 0 rg BT 259.98 236.20 Td (developing ) Tj ET Q q 0 0 0 rg BT 307.40 236.20 Td (and ) Tj ET Q q 0 0 0 rg BT 324.82 236.20 Td (building ) Tj ET Q q 0 0 0 rg BT 361.14 236.20 Td (new ) Tj ET Q q 0 0 0 rg BT 380.78 236.20 Td (projects. ) Tj ET Q q 0 0 0 rg BT 417.70 236.20 Td (These ) Tj ET Q q 0 0 0 rg BT 444.56 236.20 Td (factors ) Tj ET Q q 0 0 0 rg BT 474.75 236.20 Td (could ) Tj ET Q q 0 0 0 rg BT 499.96 236.20 Td (have ) Tj ET Q q 0 0 0 rg BT 521.82 236.20 Td (a ) Tj ET Q q 0 0 0 rg BT 529.24 236.20 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.20 Td (adverse ) Tj ET Q q 0 0 0 rg BT 83.04 224.20 Td (ef) Tj ET Q q 0 0 0 rg BT 90.63 224.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 108.11 224.20 Td (on ) Tj ET Q q 0 0 0 rg BT 120.61 224.20 Td (our ) Tj ET Q q 0 0 0 rg BT 136.44 224.20 Td (profitability ) Tj ET Q q 0 0 0 rg BT 186.71 224.20 Td (and ) Tj ET Q q 0 0 0 rg BT 203.65 224.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 223.92 224.20 Td (flow) Tj ET Q q 0 0 0 rg BT 241.60 224.20 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 206.20 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 110.94 206.20 Td (with ) Tj ET Q q 0 0 0 rg BT 131.23 206.20 Td (environmental ) Tj ET Q q 0 0 0 rg BT 193.74 206.20 Td (laws, ) Tj ET Q q 0 0 0 rg BT 217.08 206.20 Td (including ) Tj ET Q q 0 0 0 rg BT 259.03 206.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 295.43 206.20 Td (to ) Tj ET Q q 0 0 0 rg BT 305.70 206.20 Td (such ) Tj ET Q q 0 0 0 rg BT 327.66 206.20 Td (laws, ) Tj ET Q q 0 0 0 rg BT 351.00 206.20 Td (could ) Tj ET Q q 0 0 0 rg BT 376.28 206.20 Td (adversely ) Tj ET Q q 0 0 0 rg BT 417.09 206.20 Td (af) Tj ET Q q 0 0 0 rg BT 425.24 206.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 442.73 206.20 Td (our ) Tj ET Q q 0 0 0 rg BT 459.68 206.20 Td (results ) Tj ET Q q 0 0 0 rg BT 489.41 206.20 Td (of ) Tj ET Q q 0 0 0 rg BT 500.24 206.20 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 188.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 77.33 188.20 Td (waste ) Tj ET Q q 0 0 0 rg BT 102.88 188.20 Td (and ) Tj ET Q q 0 0 0 rg BT 120.10 188.20 Td (ener) Tj ET Q q 0 0 0 rg BT 137.12 188.20 Td (gy ) Tj ET Q q 0 0 0 rg BT 149.90 188.20 Td (services ) Tj ET Q q 0 0 0 rg BT 184.89 188.20 Td (businesses ) Tj ET Q q 0 0 0 rg BT 229.89 188.20 Td (are ) Tj ET Q q 0 0 0 rg BT 244.88 188.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 275.98 188.20 Td (to ) Tj ET Q q 0 0 0 rg BT 286.54 188.20 Td (extensive ) Tj ET Q q 0 0 0 rg BT 327.09 188.20 Td (environmental ) Tj ET Q q 0 0 0 rg BT 387.62 188.20 Td (laws ) Tj ET Q q 0 0 0 rg BT 408.73 188.20 Td (and ) Tj ET Q q 0 0 0 rg BT 425.95 188.20 Td (regulations ) Tj ET Q q 0 0 0 rg BT 473.17 188.20 Td (by ) Tj ET Q q 0 0 0 rg BT 485.95 188.20 Td (federal, ) Tj ET Q q 0 0 0 rg BT 518.98 188.20 Td (state, ) Tj ET Q q 0 0 0 rg BT 542.58 188.20 Td (local ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.20 Td (and ) Tj ET Q q 0 0 0 rg BT 67.87 176.20 Td (foreign ) Tj ET Q q 0 0 0 rg BT 100.18 176.20 Td (authorities, ) Tj ET Q q 0 0 0 rg BT 148.33 176.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 188.97 176.20 Td (relating ) Tj ET Q q 0 0 0 rg BT 222.94 176.20 Td (to ) Tj ET Q q 0 0 0 rg BT 234.16 176.20 Td (air) Tj ET Q q 0 0 0 rg BT 244.30 176.20 Td (, ) Tj ET Q q 0 0 0 rg BT 250.23 176.20 Td (waste ) Tj ET Q q 0 0 0 rg BT 276.44 176.20 Td (\(including ) Tj ET Q q 0 0 0 rg BT 320.97 176.20 Td (residual ) Tj ET Q q 0 0 0 rg BT 356.06 176.20 Td (ash ) Tj ET Q q 0 0 0 rg BT 372.82 176.20 Td (from ) Tj ET Q q 0 0 0 rg BT 395.69 176.20 Td (combustion\) ) Tj ET Q q 0 0 0 rg BT 449.12 176.20 Td (and ) Tj ET Q q 0 0 0 rg BT 466.99 176.20 Td (water) Tj ET Q q 0 0 0 rg BT 488.65 176.20 Td (. ) Tj ET Q q 0 0 0 rg BT 494.58 176.20 Td (Costs ) Tj ET Q q 0 0 0 rg BT 520.24 176.20 Td (relating ) Tj ET Q q 0 0 0 rg BT 554.22 176.20 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.20 Td (compliance ) Tj ET Q q 0 0 0 rg BT 98.69 164.20 Td (with ) Tj ET Q q 0 0 0 rg BT 119.06 164.20 Td (these ) Tj ET Q q 0 0 0 rg BT 142.21 164.20 Td (laws ) Tj ET Q q 0 0 0 rg BT 163.13 164.20 Td (and ) Tj ET Q q 0 0 0 rg BT 180.17 164.20 Td (regulations ) Tj ET Q q 0 0 0 rg BT 227.20 164.20 Td (are ) Tj ET Q q 0 0 0 rg BT 242.01 164.20 Td (material ) Tj ET Q q 0 0 0 rg BT 277.36 164.20 Td (to ) Tj ET Q q 0 0 0 rg BT 287.74 164.20 Td (our ) Tj ET Q q 0 0 0 rg BT 303.67 164.20 Td (business. ) Tj ET Q q 0 0 0 rg BT 342.66 164.20 Td (If ) Tj ET Q q 0 0 0 rg BT 351.91 164.20 Td (our ) Tj ET Q q 0 0 0 rg BT 367.84 164.20 Td (businesses ) Tj ET Q q 0 0 0 rg BT 412.66 164.20 Td (fail ) Tj ET Q q 0 0 0 rg BT 428.58 164.20 Td (to ) Tj ET Q q 0 0 0 rg BT 438.96 164.20 Td (comply ) Tj ET Q q 0 0 0 rg BT 471.55 164.20 Td (with ) Tj ET Q q 0 0 0 rg BT 491.93 164.20 Td (these ) Tj ET Q q 0 0 0 rg BT 515.07 164.20 Td (regulations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.20 Td (our ) Tj ET Q q 0 0 0 rg BT 66.34 152.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 87.12 152.20 Td (flow ) Tj ET Q q 0 0 0 rg BT 108.46 152.20 Td (and ) Tj ET Q q 0 0 0 rg BT 125.91 152.20 Td (profitability ) Tj ET Q q 0 0 0 rg BT 176.69 152.20 Td (could ) Tj ET Q q 0 0 0 rg BT 201.92 152.20 Td (be ) Tj ET Q q 0 0 0 rg BT 214.37 152.20 Td (adversely ) Tj ET Q q 0 0 0 rg BT 255.70 152.20 Td (af) Tj ET Q q 0 0 0 rg BT 263.29 152.20 Td (fected, ) Tj ET Q q 0 0 0 rg BT 293.22 152.20 Td (and ) Tj ET Q q 0 0 0 rg BT 310.67 152.20 Td (we ) Tj ET Q q 0 0 0 rg BT 325.35 152.20 Td (could ) Tj ET Q q 0 0 0 rg BT 350.57 152.20 Td (be ) Tj ET Q q 0 0 0 rg BT 363.02 152.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 394.36 152.20 Td (to ) Tj ET Q q 0 0 0 rg BT 405.15 152.20 Td (civil ) Tj ET Q q 0 0 0 rg BT 425.94 152.20 Td (or ) Tj ET Q q 0 0 0 rg BT 437.28 152.20 Td (criminal ) Tj ET Q q 0 0 0 rg BT 473.61 152.20 Td (liability) Tj ET Q q 0 0 0 rg BT 504.07 152.20 Td (, ) Tj ET Q q 0 0 0 rg BT 509.58 152.20 Td (damages ) Tj ET Q q 0 0 0 rg BT 547.58 152.20 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.20 Td (fines.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 122.20 Td (In ) Tj ET Q q 0 0 0 rg BT 69.77 122.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 107.48 122.20 Td (lawsuits ) Tj ET Q q 0 0 0 rg BT 142.70 122.20 Td (or ) Tj ET Q q 0 0 0 rg BT 153.47 122.20 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 205.88 122.20 Td (actions ) Tj ET Q q 0 0 0 rg BT 236.65 122.20 Td (by ) Tj ET Q q 0 0 0 rg BT 249.09 122.20 Td (federal, ) Tj ET Q q 0 0 0 rg BT 281.79 122.20 Td (state, ) Tj ET Q q 0 0 0 rg BT 305.05 122.20 Td (local ) Tj ET Q q 0 0 0 rg BT 326.92 122.20 Td (and/or ) Tj ET Q q 0 0 0 rg BT 354.91 122.20 Td (foreign ) Tj ET Q q 0 0 0 rg BT 386.23 122.20 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 429.76 122.20 Td (agencies ) Tj ET Q q 0 0 0 rg BT 466.63 122.20 Td (may ) Tj ET Q q 0 0 0 rg BT 486.29 122.20 Td (materially ) Tj ET Q q 0 0 0 rg BT 529.26 122.20 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.20 Td (our ) Tj ET Q q 0 0 0 rg BT 64.70 110.20 Td (costs. ) Tj ET Q q 0 0 0 rg BT 88.56 110.20 Td (Stricter ) Tj ET Q q 0 0 0 rg BT 119.36 110.20 Td (environmental ) Tj ET Q q 0 0 0 rg BT 178.49 110.20 Td (regulation ) Tj ET Q q 0 0 0 rg BT 220.40 110.20 Td (of ) Tj ET Q q 0 0 0 rg BT 230.09 110.20 Td (air ) Tj ET Q q 0 0 0 rg BT 242.00 110.20 Td (emissions, ) Tj ET Q q 0 0 0 rg BT 285.32 110.20 Td (solid ) Tj ET Q q 0 0 0 rg BT 306.13 110.20 Td (waste ) Tj ET Q q 0 0 0 rg BT 330.27 110.20 Td (handling ) Tj ET Q q 0 0 0 rg BT 366.63 110.20 Td (or ) Tj ET Q q 0 0 0 rg BT 376.33 110.20 Td (combustion, ) Tj ET Q q 0 0 0 rg BT 426.86 110.20 Td (residual ) Tj ET Q q 0 0 0 rg BT 459.88 110.20 Td (ash ) Tj ET Q q 0 0 0 rg BT 474.58 110.20 Td (handling ) Tj ET Q q 0 0 0 rg BT 510.94 110.20 Td (and ) Tj ET Q q 0 0 0 rg BT 526.74 110.20 Td (disposal, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.20 Td (and ) Tj ET Q q 0 0 0 rg BT 66.60 98.20 Td (waste ) Tj ET Q q 0 0 0 rg BT 91.54 98.20 Td (water ) Tj ET Q q 0 0 0 rg BT 115.91 98.20 Td (dischar) Tj ET Q q 0 0 0 rg BT 144.61 98.20 Td (ge ) Tj ET Q q 0 0 0 rg BT 156.21 98.20 Td (could ) Tj ET Q q 0 0 0 rg BT 180.59 98.20 Td (materially ) Tj ET Q q 0 0 0 rg BT 223.30 98.20 Td (af) Tj ET Q q 0 0 0 rg BT 230.88 98.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 248.03 98.20 Td (our ) Tj ET Q q 0 0 0 rg BT 263.53 98.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 283.46 98.20 Td (flow ) Tj ET Q q 0 0 0 rg BT 303.96 98.20 Td (and ) Tj ET Q q 0 0 0 rg BT 320.56 98.20 Td (profitability) Tj ET Q q 0 0 0 rg BT 367.68 98.20 Td (. ) Tj ET Q q 0 0 0 rg BT 372.35 98.20 Td (Certain ) Tj ET Q q 0 0 0 rg BT 403.95 98.20 Td (environmental ) Tj ET Q q 0 0 0 rg BT 463.87 98.20 Td (laws ) Tj ET Q q 0 0 0 rg BT 484.37 98.20 Td (make ) Tj ET Q q 0 0 0 rg BT 508.19 98.20 Td (us ) Tj ET Q q 0 0 0 rg BT 519.25 98.20 Td (potentially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.20 Td (liable ) Tj ET Q q 0 0 0 rg BT 74.71 86.20 Td (on ) Tj ET Q q 0 0 0 rg BT 87.21 86.20 Td (a ) Tj ET Q q 0 0 0 rg BT 94.14 86.20 Td (joint ) Tj ET Q q 0 0 0 rg BT 114.98 86.20 Td (and ) Tj ET Q q 0 0 0 rg BT 131.91 86.20 Td (several ) Tj ET Q q 0 0 0 rg BT 162.72 86.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 185.22 86.20 Td (for ) Tj ET Q q 0 0 0 rg BT 199.38 86.20 Td (the ) Tj ET Q q 0 0 0 rg BT 214.09 86.20 Td (remediation ) Tj ET Q q 0 0 0 rg BT 264.35 86.20 Td (of ) Tj ET Q q 0 0 0 rg BT 275.18 86.20 Td (contamination ) Tj ET Q q 0 0 0 rg BT 334.88 86.20 Td (at ) Tj ET Q q 0 0 0 rg BT 344.60 86.20 Td (or ) Tj ET Q q 0 0 0 rg BT 355.42 86.20 Td (emanating ) Tj ET Q q 0 0 0 rg BT 399.57 86.20 Td (from ) Tj ET Q q 0 0 0 rg BT 421.51 86.20 Td (properties ) Tj ET Q q 0 0 0 rg BT 463.99 86.20 Td (or ) Tj ET Q q 0 0 0 rg BT 474.82 86.20 Td (facilities ) Tj ET Q q 0 0 0 rg BT 511.75 86.20 Td (we ) Tj ET Q q 0 0 0 rg BT 525.90 86.20 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 74.20 Td (or ) Tj ET Q q 0 0 0 rg BT 60.87 74.20 Td (formerly ) Tj ET Q q 0 0 0 rg BT 98.39 74.20 Td (owned ) Tj ET Q q 0 0 0 rg BT 127.59 74.20 Td (or ) Tj ET Q q 0 0 0 rg BT 138.46 74.20 Td (operated ) Tj ET Q q 0 0 0 rg BT 175.42 74.20 Td (or ) Tj ET Q q 0 0 0 rg BT 186.29 74.20 Td (properties ) Tj ET Q q 0 0 0 rg BT 228.81 74.20 Td (to ) Tj ET Q q 0 0 0 rg BT 239.13 74.20 Td (which ) Tj ET Q q 0 0 0 rg BT 266.10 74.20 Td (we ) Tj ET Q q 0 0 0 rg BT 280.30 74.20 Td (arranged ) Tj ET Q q 0 0 0 rg BT 317.82 74.20 Td (for ) Tj ET Q q 0 0 0 rg BT 332.01 74.20 Td (the ) Tj ET Q q 0 0 0 rg BT 346.77 74.20 Td (disposal ) Tj ET Q q 0 0 0 rg BT 382.09 74.20 Td (of ) Tj ET Q q 0 0 0 rg BT 392.95 74.20 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 436.03 74.20 Td (substances. ) Tj ET Q q 0 0 0 rg BT 483.84 74.20 Td (Such ) Tj ET Q q 0 0 0 rg BT 506.37 74.20 Td (liability ) Tj ET Q q 0 0 0 rg BT 540.02 74.20 Td (is ) Tj ET Q q 0 0 0 rg BT 549.23 74.20 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.20 Td (limited ) Tj ET Q q 0 0 0 rg BT 80.00 62.20 Td (to ) Tj ET Q q 0 0 0 rg BT 89.45 62.20 Td (the ) Tj ET Q q 0 0 0 rg BT 103.33 62.20 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 136.09 62.20 Td (of ) Tj ET Q q 0 0 0 rg BT 146.09 62.20 Td (contamination ) Tj ET Q q 0 0 0 rg BT 204.97 62.20 Td (we ) Tj ET Q q 0 0 0 rg BT 218.30 62.20 Td (actually ) Tj ET Q q 0 0 0 rg BT 251.62 62.20 Td (caused. ) Tj ET Q q 0 0 0 rg BT 282.87 62.20 Td (W) Tj ET Q q 0 0 0 rg BT 291.51 62.20 Td (e ) Tj ET Q q 0 0 0 rg BT 297.62 62.20 Td (cannot ) Tj ET Q q 0 0 0 rg BT 325.94 62.20 Td (provide ) Tj ET Q q 0 0 0 rg BT 358.16 62.20 Td (any ) Tj ET Q q 0 0 0 rg BT 374.27 62.20 Td (assurance ) Tj ET Q q 0 0 0 rg BT 414.80 62.20 Td (that ) Tj ET Q q 0 0 0 rg BT 431.47 62.20 Td (we ) Tj ET Q q 0 0 0 rg BT 444.80 62.20 Td (will ) Tj ET Q q 0 0 0 rg BT 462.02 62.20 Td (not ) Tj ET Q q 0 0 0 rg BT 476.47 62.20 Td (incur ) Tj ET Q q 0 0 0 rg BT 498.68 62.20 Td (liability ) Tj ET Q q 0 0 0 rg BT 531.46 62.20 Td (relating ) Tj ET Q endstream endobj 45 0 obj <>] /Rotate 0 /Contents 46 0 R>> endobj 46 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (to ) Tj ET Q q 0 0 0 rg BT 61.14 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.72 742.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 127.85 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.54 742.10 Td (contamination, ) Tj ET Q q 0 0 0 rg BT 202.61 742.10 Td (including ) Tj ET Q q 0 0 0 rg BT 243.75 742.10 Td (contamination ) Tj ET Q q 0 0 0 rg BT 304.32 742.10 Td (we ) Tj ET Q q 0 0 0 rg BT 319.35 742.10 Td (did ) Tj ET Q q 0 0 0 rg BT 335.49 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 351.63 742.10 Td (cause. ) Tj ET Q q 0 0 0 rg BT 379.70 742.10 Td (For ) Tj ET Q q 0 0 0 rg BT 396.96 742.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 440.31 742.10 Td (information ) Tj ET Q q 0 0 0 rg BT 490.89 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 504.25 742.10 Td (environmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (regulation, ) Tj ET Q q 0 0 0 rg BT 95.54 730.10 Td (see) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.31 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 110.81 730.10 Td (Item) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 730.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 131.08 730.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 141.08 730.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 189.97 730.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 236.35 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.63 730.10 Td (Business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 712.10 Td (Existing ) Tj ET Q q 0 0 0 rg BT 93.75 712.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 152.92 712.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 172.66 712.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.51 712.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 234.36 712.10 Td (have ) Tj ET Q q 0 0 0 rg BT 254.65 712.10 Td (been ) Tj ET Q q 0 0 0 rg BT 274.94 712.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.79 712.10 Td (could ) Tj ET Q q 0 0 0 rg BT 314.42 712.10 Td (be ) Tj ET Q q 0 0 0 rg BT 325.27 712.10 Td (revised ) Tj ET Q q 0 0 0 rg BT 355.56 712.10 Td (or ) Tj ET Q q 0 0 0 rg BT 365.30 712.10 Td (reinterpreted, ) Tj ET Q q 0 0 0 rg BT 420.29 712.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.14 712.10 Td (future ) Tj ET Q q 0 0 0 rg BT 461.43 712.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 495.05 712.10 Td (in ) Tj ET Q q 0 0 0 rg BT 504.24 712.10 Td (environmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 71.21 700.10 Td (and ) Tj ET Q q 0 0 0 rg BT 88.53 700.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 135.85 700.10 Td (are ) Tj ET Q q 0 0 0 rg BT 150.94 700.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 189.35 700.10 Td (to ) Tj ET Q q 0 0 0 rg BT 200.01 700.10 Td (occur) Tj ET Q q 0 0 0 rg BT 221.67 700.10 Td (. ) Tj ET Q q 0 0 0 rg BT 226.84 700.10 Td (This ) Tj ET Q q 0 0 0 rg BT 247.50 700.10 Td (may ) Tj ET Q q 0 0 0 rg BT 267.60 700.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 311.02 700.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 346.66 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.76 700.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 394.63 700.10 Td (we ) Tj ET Q q 0 0 0 rg BT 409.18 700.10 Td (must ) Tj ET Q q 0 0 0 rg BT 431.51 700.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 458.28 700.10 Td (to ) Tj ET Q q 0 0 0 rg BT 468.94 700.10 Td (bring ) Tj ET Q q 0 0 0 rg BT 492.93 700.10 Td (our ) Tj ET Q q 0 0 0 rg BT 509.14 700.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 546.45 700.10 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (compliance, ) Tj ET Q q 0 0 0 rg BT 101.40 688.10 Td (impose ) Tj ET Q q 0 0 0 rg BT 133.09 688.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 175.89 688.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 210.91 688.10 Td (on ) Tj ET Q q 0 0 0 rg BT 223.72 688.10 Td (our ) Tj ET Q q 0 0 0 rg BT 239.86 688.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 286.82 688.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 308.52 688.10 Td (our ) Tj ET Q q 0 0 0 rg BT 324.66 688.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 353.02 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.61 688.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 395.84 688.10 Td (at ) Tj ET Q q 0 0 0 rg BT 405.87 688.10 Td (capacity) Tj ET Q q 0 0 0 rg BT 438.53 688.10 Td (, ) Tj ET Q q 0 0 0 rg BT 443.84 688.10 Td (or ) Tj ET Q q 0 0 0 rg BT 454.98 688.10 Td (at ) Tj ET Q q 0 0 0 rg BT 465.00 688.10 Td (all, ) Tj ET Q q 0 0 0 rg BT 480.31 688.10 Td (or ) Tj ET Q q 0 0 0 rg BT 491.45 688.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 533.13 688.10 Td (impose ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (structural ) Tj ET Q q 0 0 0 rg BT 90.26 676.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 124.97 676.10 Td (to ) Tj ET Q q 0 0 0 rg BT 135.25 676.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 169.40 676.10 Td (which ) Tj ET Q q 0 0 0 rg BT 196.34 676.10 Td (would ) Tj ET Q q 0 0 0 rg BT 223.84 676.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 264.66 676.10 Td (af) Tj ET Q q 0 0 0 rg BT 272.25 676.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 289.73 676.10 Td (our ) Tj ET Q q 0 0 0 rg BT 305.56 676.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 355.27 676.10 Td (positioning ) Tj ET Q q 0 0 0 rg BT 402.77 676.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.05 676.10 Td (those ) Tj ET Q q 0 0 0 rg BT 436.66 676.10 Td (markets. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 659.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 107.07 659.10 Td (developments ) Tj ET Q q 0 0 0 rg BT 165.11 659.10 Td (stemming ) Tj ET Q q 0 0 0 rg BT 207.61 659.10 Td (from ) Tj ET Q q 0 0 0 rg BT 230.11 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.39 659.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 273.44 659.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 293.72 659.10 Td (presidential ) Tj ET Q q 0 0 0 rg BT 344.56 659.10 Td (election ) Tj ET Q q 0 0 0 rg BT 379.27 659.10 Td (could ) Tj ET Q q 0 0 0 rg BT 404.55 659.10 Td (have ) Tj ET Q q 0 0 0 rg BT 426.49 659.10 Td (a ) Tj ET Q q 0 0 0 rg BT 433.99 659.10 Td (material ) Tj ET Q q 0 0 0 rg BT 470.93 659.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 504.53 659.10 Td (ef) Tj ET Q q 0 0 0 rg BT 512.12 659.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 529.60 659.10 Td (on ) Tj ET Q q 0 0 0 rg BT 542.66 659.10 Td (us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 641.10 Td (The ) Tj ET Q q 0 0 0 rg BT 77.02 641.10 Td (T) Tj ET Q q 0 0 0 rg BT 82.78 641.10 Td (rump ) Tj ET Q q 0 0 0 rg BT 105.97 641.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 169.19 641.10 Td (has ) Tj ET Q q 0 0 0 rg BT 185.19 641.10 Td (called ) Tj ET Q q 0 0 0 rg BT 211.73 641.10 Td (for ) Tj ET Q q 0 0 0 rg BT 226.06 641.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 271.51 641.10 Td (change ) Tj ET Q q 0 0 0 rg BT 302.49 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 312.94 641.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 337.27 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 354.37 641.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 369.26 641.10 Td (policies, ) Tj ET Q q 0 0 0 rg BT 405.53 641.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 449.30 641.10 Td (oversight ) Tj ET Q q 0 0 0 rg BT 489.18 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.18 641.10 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 547.58 641.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 629.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 79.72 629.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 126.12 629.10 Td (on ) Tj ET Q q 0 0 0 rg BT 138.08 629.10 Td (free ) Tj ET Q q 0 0 0 rg BT 155.59 629.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 177.54 629.10 Td (including ) Tj ET Q q 0 0 0 rg BT 217.28 629.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 261.45 629.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 300.06 629.10 Td (on ) Tj ET Q q 0 0 0 rg BT 312.03 629.10 Td (tarif) Tj ET Q q 0 0 0 rg BT 328.50 629.10 Td (fs ) Tj ET Q q 0 0 0 rg BT 337.69 629.10 Td (on ) Tj ET Q q 0 0 0 rg BT 349.66 629.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 375.51 629.10 Td (imported ) Tj ET Q q 0 0 0 rg BT 413.58 629.10 Td (into ) Tj ET Q q 0 0 0 rg BT 431.10 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.29 629.10 Td (United ) Tj ET Q q 0 0 0 rg BT 474.47 629.10 Td (States, ) Tj ET Q q 0 0 0 rg BT 502.82 629.10 Td (including ) Tj ET Q q 0 0 0 rg BT 542.56 629.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 617.10 Td (China. ) Tj ET Q q 0 0 0 rg BT 78.98 617.10 Td (Proposals ) Tj ET Q q 0 0 0 rg BT 120.46 617.10 Td (espoused ) Tj ET Q q 0 0 0 rg BT 159.71 617.10 Td (by ) Tj ET Q q 0 0 0 rg BT 172.30 617.10 Td (President ) Tj ET Q q 0 0 0 rg BT 211.92 617.10 Td (T) Tj ET Q q 0 0 0 rg BT 217.68 617.10 Td (rump ) Tj ET Q q 0 0 0 rg BT 241.38 617.10 Td (may ) Tj ET Q q 0 0 0 rg BT 261.18 617.10 Td (result ) Tj ET Q q 0 0 0 rg BT 285.99 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 296.36 617.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 331.16 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 341.52 617.10 Td (social, ) Tj ET Q q 0 0 0 rg BT 369.94 617.10 Td (political, ) Tj ET Q q 0 0 0 rg BT 407.80 617.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 451.48 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 468.51 617.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 509.97 617.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 554.23 617.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.71 605.10 Td (United ) Tj ET Q q 0 0 0 rg BT 96.42 605.10 Td (States ) Tj ET Q q 0 0 0 rg BT 123.80 605.10 Td (or ) Tj ET Q q 0 0 0 rg BT 135.63 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 146.90 605.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 168.72 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.65 605.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 221.25 605.10 Td (af) Tj ET Q q 0 0 0 rg BT 228.84 605.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 260.10 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.81 605.10 Td (development ) Tj ET Q q 0 0 0 rg BT 330.95 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.88 605.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 396.26 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 407.53 605.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 447.68 605.10 Td (where ) Tj ET Q q 0 0 0 rg BT 475.60 605.10 Td (we ) Tj ET Q q 0 0 0 rg BT 490.75 605.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 530.34 605.10 Td (conduct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 593.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 88.57 593.10 Td (In ) Tj ET Q q 0 0 0 rg BT 99.09 593.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 136.54 593.10 Td (these ) Tj ET Q q 0 0 0 rg BT 159.27 593.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 193.66 593.10 Td (could ) Tj ET Q q 0 0 0 rg BT 218.06 593.10 Td (result ) Tj ET Q q 0 0 0 rg BT 242.46 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.42 593.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 288.48 593.10 Td (sentiments ) Tj ET Q q 0 0 0 rg BT 333.43 593.10 Td (towards ) Tj ET Q q 0 0 0 rg BT 367.28 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.67 593.10 Td (United ) Tj ET Q q 0 0 0 rg BT 411.07 593.10 Td (States ) Tj ET Q q 0 0 0 rg BT 437.14 593.10 Td (among ) Tj ET Q q 0 0 0 rg BT 466.54 593.10 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 504.84 593.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 547.57 593.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 581.10 Td (among ) Tj ET Q q 0 0 0 rg BT 80.33 581.10 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 119.56 581.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 165.44 581.10 Td (or ) Tj ET Q q 0 0 0 rg BT 176.88 581.10 Td (prospective ) Tj ET Q q 0 0 0 rg BT 226.09 581.10 Td (employees. ) Tj ET Q q 0 0 0 rg BT 274.24 581.10 Td (W) Tj ET Q q 0 0 0 rg BT 282.88 581.10 Td (e ) Tj ET Q q 0 0 0 rg BT 290.43 581.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 320.20 581.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 351.08 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.41 581.10 Td (impact, ) Tj ET Q q 0 0 0 rg BT 399.24 581.10 Td (if ) Tj ET Q q 0 0 0 rg BT 408.46 581.10 Td (any) Tj ET Q q 0 0 0 rg BT 422.25 581.10 Td (, ) Tj ET Q q 0 0 0 rg BT 427.86 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.31 581.10 Td (these ) Tj ET Q q 0 0 0 rg BT 462.97 581.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 498.29 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 509.18 581.10 Td (our ) Tj ET Q q 0 0 0 rg BT 525.63 581.10 Td (business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 569.10 Td (However) Tj ET Q q 0 0 0 rg BT 86.25 569.10 Td (, ) Tj ET Q q 0 0 0 rg BT 91.34 569.10 Td (it ) Tj ET Q q 0 0 0 rg BT 99.49 569.10 Td (is ) Tj ET Q q 0 0 0 rg BT 108.75 569.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 144.12 569.10 Td (that ) Tj ET Q q 0 0 0 rg BT 161.70 569.10 Td (these ) Tj ET Q q 0 0 0 rg BT 184.84 569.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 219.64 569.10 Td (could ) Tj ET Q q 0 0 0 rg BT 244.44 569.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 285.35 569.10 Td (af) Tj ET Q q 0 0 0 rg BT 292.94 569.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 310.51 569.10 Td (our ) Tj ET Q q 0 0 0 rg BT 326.43 569.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 365.42 569.10 Td (It ) Tj ET Q q 0 0 0 rg BT 374.11 569.10 Td (is ) Tj ET Q q 0 0 0 rg BT 383.37 569.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 408.74 569.10 Td (that ) Tj ET Q q 0 0 0 rg BT 426.32 569.10 Td (some ) Tj ET Q q 0 0 0 rg BT 450.02 569.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 483.72 569.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 517.96 569.10 Td (by ) Tj ET Q q 0 0 0 rg BT 530.55 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.36 569.10 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 557.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 110.69 557.10 Td (will ) Tj ET Q q 0 0 0 rg BT 129.17 557.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 159.86 557.10 Td (us ) Tj ET Q q 0 0 0 rg BT 171.67 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.03 557.10 Td (others ) Tj ET Q q 0 0 0 rg BT 216.39 557.10 Td (will ) Tj ET Q q 0 0 0 rg BT 234.87 557.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 279.44 557.10 Td (af) Tj ET Q q 0 0 0 rg BT 287.03 557.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 304.94 557.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 319.25 557.10 Td (Until ) Tj ET Q q 0 0 0 rg BT 342.73 557.10 Td (we ) Tj ET Q q 0 0 0 rg BT 357.31 557.10 Td (know ) Tj ET Q q 0 0 0 rg BT 382.46 557.10 Td (what ) Tj ET Q q 0 0 0 rg BT 404.82 557.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 439.95 557.10 Td (are ) Tj ET Q q 0 0 0 rg BT 455.08 557.10 Td (enacted, ) Tj ET Q q 0 0 0 rg BT 491.03 557.10 Td (we ) Tj ET Q q 0 0 0 rg BT 505.62 557.10 Td (will ) Tj ET Q q 0 0 0 rg BT 524.09 557.10 Td (not ) Tj ET Q q 0 0 0 rg BT 539.79 557.10 Td (know ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 545.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 84.71 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 94.99 545.10 Td (total ) Tj ET Q q 0 0 0 rg BT 115.26 545.10 Td (we ) Tj ET Q q 0 0 0 rg BT 129.42 545.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 159.68 545.10 Td (from, ) Tj ET Q q 0 0 0 rg BT 184.12 545.10 Td (or ) Tj ET Q q 0 0 0 rg BT 194.95 545.10 Td (are ) Tj ET Q q 0 0 0 rg BT 209.66 545.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 253.81 545.10 Td (af) Tj ET Q q 0 0 0 rg BT 261.40 545.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 288.32 545.10 Td (by) Tj ET Q q 0 0 0 rg BT 297.67 545.10 Td (, ) Tj ET Q q 0 0 0 rg BT 302.67 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.39 545.10 Td (changes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 528.10 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 101.34 528.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.44 528.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 144.31 528.10 Td (new ) Tj ET Q q 0 0 0 rg BT 163.31 528.10 Td (services ) Tj ET Q q 0 0 0 rg BT 197.85 528.10 Td (or ) Tj ET Q q 0 0 0 rg BT 209.06 528.10 Td (services ) Tj ET Q q 0 0 0 rg BT 243.60 528.10 Td (through ) Tj ET Q q 0 0 0 rg BT 279.28 528.10 Td (new ) Tj ET Q q 0 0 0 rg BT 298.27 528.10 Td (or ) Tj ET Q q 0 0 0 rg BT 309.49 528.10 Td (dif) Tj ET Q q 0 0 0 rg BT 320.42 528.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 347.19 528.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 383.96 528.10 Td (involves ) Tj ET Q q 0 0 0 rg BT 419.61 528.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 465.84 528.10 Td (risks, ) Tj ET Q q 0 0 0 rg BT 490.12 528.10 Td (which ) Tj ET Q q 0 0 0 rg BT 517.45 528.10 Td (could ) Tj ET Q q 0 0 0 rg BT 542.56 528.10 Td (have ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 516.10 Td (an ) Tj ET Q q 0 0 0 rg BT 63.06 516.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 96.66 516.10 Td (ef) Tj ET Q q 0 0 0 rg BT 104.25 516.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 121.73 516.10 Td (on ) Tj ET Q q 0 0 0 rg BT 134.79 516.10 Td (our ) Tj ET Q q 0 0 0 rg BT 151.75 516.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 173.14 516.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 197.31 516.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.37 516.10 Td (results ) Tj ET Q q 0 0 0 rg BT 245.10 516.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.93 516.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 499.10 Td (As ) Tj ET Q q 0 0 0 rg BT 71.91 499.10 Td (we ) Tj ET Q q 0 0 0 rg BT 85.36 499.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 107.13 499.10 Td (into ) Tj ET Q q 0 0 0 rg BT 124.48 499.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 162.37 499.10 Td (to ) Tj ET Q q 0 0 0 rg BT 171.94 499.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 204.28 499.10 Td (new ) Tj ET Q q 0 0 0 rg BT 222.73 499.10 Td (services ) Tj ET Q q 0 0 0 rg BT 256.73 499.10 Td (or ) Tj ET Q q 0 0 0 rg BT 266.85 499.10 Td (services ) Tj ET Q q 0 0 0 rg BT 300.85 499.10 Td (through ) Tj ET Q q 0 0 0 rg BT 333.75 499.10 Td (new ) Tj ET Q q 0 0 0 rg BT 352.20 499.10 Td (or ) Tj ET Q q 0 0 0 rg BT 362.33 499.10 Td (dif) Tj ET Q q 0 0 0 rg BT 373.25 499.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 398.36 499.10 Td (methods, ) Tj ET Q q 0 0 0 rg BT 436.54 499.10 Td (such ) Tj ET Q q 0 0 0 rg BT 456.66 499.10 Td (as ) Tj ET Q q 0 0 0 rg BT 466.78 499.10 Td (our ) Tj ET Q q 0 0 0 rg BT 481.91 499.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 506.47 499.10 Td (transportation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.11 487.10 Td (disposal ) Tj ET Q q 0 0 0 rg BT 102.57 487.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 137.45 487.10 Td (with ) Tj ET Q q 0 0 0 rg BT 157.90 487.10 Td (New ) Tj ET Q q 0 0 0 rg BT 179.06 487.10 Td (Y) Tj ET Q q 0 0 0 rg BT 185.28 487.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 201.29 487.10 Td (City ) Tj ET Q q 0 0 0 rg BT 221.19 487.10 Td (or ) Tj ET Q q 0 0 0 rg BT 232.20 487.10 Td (our ) Tj ET Q q 0 0 0 rg BT 248.20 487.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 285.30 487.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 345.74 487.10 Td (services ) Tj ET Q q 0 0 0 rg BT 380.62 487.10 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 428.02 487.10 Td (we ) Tj ET Q q 0 0 0 rg BT 442.35 487.10 Td (may ) Tj ET Q q 0 0 0 rg BT 462.24 487.10 Td (face ) Tj ET Q q 0 0 0 rg BT 481.57 487.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 524.23 487.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (risks. ) Tj ET Q q 0 0 0 rg BT 73.71 475.10 Td (These ) Tj ET Q q 0 0 0 rg BT 100.09 475.10 Td (may ) Tj ET Q q 0 0 0 rg BT 119.80 475.10 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 457.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 457.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 121.02 457.10 Td (by ) Tj ET Q q 0 0 0 rg BT 133.52 457.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 169.35 457.10 Td (contractors ) Tj ET Q q 0 0 0 rg BT 216.28 457.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 246.54 457.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.81 457.10 Td (our ) Tj ET Q q 0 0 0 rg BT 272.64 457.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 300.70 457.10 Td (to ) Tj ET Q q 0 0 0 rg BT 310.97 457.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 345.68 457.10 Td (under ) Tj ET Q q 0 0 0 rg BT 370.95 457.10 Td (our ) Tj ET Q q 0 0 0 rg BT 386.78 457.10 Td (new ) Tj ET Q q 0 0 0 rg BT 405.94 457.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 445.09 457.10 Td (agreements;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 445.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 445.10 Td (logistics ) Tj ET Q q 0 0 0 rg BT 103.83 445.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 147.43 445.10 Td (with ) Tj ET Q q 0 0 0 rg BT 167.71 445.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 225.75 445.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.58 445.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 261.85 445.10 Td (via ) Tj ET Q q 0 0 0 rg BT 276.56 445.10 Td (bar) Tj ET Q q 0 0 0 rg BT 289.15 445.10 Td (ge, ) Tj ET Q q 0 0 0 rg BT 303.59 445.10 Td (rail ) Tj ET Q q 0 0 0 rg BT 319.42 445.10 Td (or ) Tj ET Q q 0 0 0 rg BT 330.25 445.10 Td (other ) Tj ET Q q 0 0 0 rg BT 353.29 445.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 389.68 445.10 Td (with ) Tj ET Q q 0 0 0 rg BT 409.96 445.10 Td (which ) Tj ET Q q 0 0 0 rg BT 436.90 445.10 Td (we ) Tj ET Q q 0 0 0 rg BT 451.06 445.10 Td (have ) Tj ET Q q 0 0 0 rg BT 472.43 445.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 503.26 445.10 Td (experience; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 433.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 433.10 Td (reliance ) Tj ET Q q 0 0 0 rg BT 102.14 433.10 Td (on ) Tj ET Q q 0 0 0 rg BT 114.64 433.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 135.48 433.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 167.96 433.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 197.12 433.10 Td (or ) Tj ET Q q 0 0 0 rg BT 207.95 433.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 254.88 433.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 295.15 433.10 Td (with ) Tj ET Q q 0 0 0 rg BT 315.43 433.10 Td (whom ) Tj ET Q q 0 0 0 rg BT 342.93 433.10 Td (we ) Tj ET Q q 0 0 0 rg BT 357.09 433.10 Td (have ) Tj ET Q q 0 0 0 rg BT 378.46 433.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 409.29 433.10 Td (experience; ) Tj ET Q q 0 0 0 rg BT 457.87 433.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 421.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 421.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 89.39 421.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 132.99 421.10 Td (with ) Tj ET Q q 0 0 0 rg BT 153.26 421.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 194.65 421.10 Td (new ) Tj ET Q q 0 0 0 rg BT 213.81 421.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 252.96 421.10 Td (handling ) Tj ET Q q 0 0 0 rg BT 290.46 421.10 Td (or ) Tj ET Q q 0 0 0 rg BT 301.29 421.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 341.54 421.10 Td (services.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 403.10 Td (Operation ) Tj ET Q q 0 0 0 rg BT 103.19 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.04 403.10 Td (our ) Tj ET Q q 0 0 0 rg BT 131.01 403.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 176.88 403.10 Td (involves ) Tj ET Q q 0 0 0 rg BT 212.72 403.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 259.14 403.10 Td (risks, ) Tj ET Q q 0 0 0 rg BT 283.61 403.10 Td (which ) Tj ET Q q 0 0 0 rg BT 311.14 403.10 Td (could ) Tj ET Q q 0 0 0 rg BT 336.44 403.10 Td (have ) Tj ET Q q 0 0 0 rg BT 358.39 403.10 Td (an ) Tj ET Q q 0 0 0 rg BT 371.48 403.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 405.09 403.10 Td (ef) Tj ET Q q 0 0 0 rg BT 412.68 403.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 430.19 403.10 Td (on ) Tj ET Q q 0 0 0 rg BT 443.27 403.10 Td (our ) Tj ET Q q 0 0 0 rg BT 460.24 403.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 481.65 403.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 505.84 403.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.92 403.10 Td (results ) Tj ET Q q 0 0 0 rg BT 553.67 403.10 Td (of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 374.10 Td (The ) Tj ET Q q 0 0 0 rg BT 77.05 374.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 117.31 374.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.14 374.10 Td (our ) Tj ET Q q 0 0 0 rg BT 143.97 374.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 188.69 374.10 Td (involves ) Tj ET Q q 0 0 0 rg BT 225.08 374.10 Td (many ) Tj ET Q q 0 0 0 rg BT 249.80 374.10 Td (risks, ) Tj ET Q q 0 0 0 rg BT 273.69 374.10 Td (including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 359.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 359.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 97.17 359.10 Td (or ) Tj ET Q q 0 0 0 rg BT 108.00 359.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 166.04 359.10 Td (interruptions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 347.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 347.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.72 347.10 Td (breakdown, ) Tj ET Q q 0 0 0 rg BT 132.15 347.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 160.74 347.10 Td (or ) Tj ET Q q 0 0 0 rg BT 171.57 347.10 Td (unplanned ) Tj ET Q q 0 0 0 rg BT 215.72 347.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 268.75 347.10 Td (or ) Tj ET Q q 0 0 0 rg BT 279.58 347.10 Td (repair ) Tj ET Q q 0 0 0 rg BT 305.40 347.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.23 347.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 360.94 347.10 Td (or ) Tj ET Q q 0 0 0 rg BT 371.77 347.10 Td (processes;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 335.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 335.10 Td (dif) Tj ET Q q 0 0 0 rg BT 78.93 335.10 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 107.53 335.10 Td (or ) Tj ET Q q 0 0 0 rg BT 118.36 335.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 154.19 335.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.47 335.10 Td (find ) Tj ET Q q 0 0 0 rg BT 183.08 335.10 Td (suitable ) Tj ET Q q 0 0 0 rg BT 216.68 335.10 Td (replacement ) Tj ET Q q 0 0 0 rg BT 268.04 335.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 289.98 335.10 Td (for ) Tj ET Q q 0 0 0 rg BT 304.14 335.10 Td (equipment;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 323.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 323.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.72 323.10 Td (unavailability ) Tj ET Q q 0 0 0 rg BT 140.20 323.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.03 323.10 Td (suf) Tj ET Q q 0 0 0 rg BT 163.07 323.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 191.12 323.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 232.50 323.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.33 323.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 268.60 323.10 Td (or ) Tj ET Q q 0 0 0 rg BT 279.43 323.10 Td (fuel;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 311.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 311.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 117.71 311.10 Td (in ) Tj ET Q q 0 0 0 rg BT 127.99 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.71 311.10 Td (heating ) Tj ET Q q 0 0 0 rg BT 174.64 311.10 Td (value ) Tj ET Q q 0 0 0 rg BT 198.80 311.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.63 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.34 311.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 249.61 311.10 Td (we ) Tj ET Q q 0 0 0 rg BT 263.77 311.10 Td (use ) Tj ET Q q 0 0 0 rg BT 279.60 311.10 Td (for ) Tj ET Q q 0 0 0 rg BT 293.76 311.10 Td (fuel ) Tj ET Q q 0 0 0 rg BT 311.81 311.10 Td (at ) Tj ET Q q 0 0 0 rg BT 321.53 311.10 Td (our ) Tj ET Q q 0 0 0 rg BT 337.36 311.10 Td (EfW) Tj ET Q q 0 0 0 rg BT 356.05 311.10 Td ( ) Tj ET Q q 0 0 0 rg BT 358.55 311.10 Td (facilities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 299.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 299.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 96.59 299.10 Td (or ) Tj ET Q q 0 0 0 rg BT 107.42 299.10 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 153.23 299.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 206.26 299.10 Td (by ) Tj ET Q q 0 0 0 rg BT 218.76 299.10 Td (subcontractors;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 287.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 287.10 Td (disruption ) Tj ET Q q 0 0 0 rg BT 111.06 287.10 Td (in ) Tj ET Q q 0 0 0 rg BT 121.33 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.05 287.10 Td (transmission ) Tj ET Q q 0 0 0 rg BT 189.11 287.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.94 287.10 Td (electricity ) Tj ET Q q 0 0 0 rg BT 242.41 287.10 Td (generated;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 275.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 275.10 Td (labor ) Tj ET Q q 0 0 0 rg BT 91.05 275.10 Td (disputes ) Tj ET Q q 0 0 0 rg BT 126.33 275.10 Td (and ) Tj ET Q q 0 0 0 rg BT 143.26 275.10 Td (work ) Tj ET Q q 0 0 0 rg BT 166.32 275.10 Td (stoppages;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 263.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 263.10 Td (unforeseen ) Tj ET Q q 0 0 0 rg BT 114.37 263.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 164.07 263.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.01 263.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 241.27 263.10 Td (problems;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 251.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 251.10 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 124.37 251.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 142.98 251.10 Td (overruns;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 239.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 239.10 Td (weather ) Tj ET Q q 0 0 0 rg BT 103.51 239.10 Td (interferences ) Tj ET Q q 0 0 0 rg BT 159.01 239.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.32 239.10 Td (catastrophic ) Tj ET Q q 0 0 0 rg BT 229.49 239.10 Td (events ) Tj ET Q q 0 0 0 rg BT 258.91 239.10 Td (including ) Tj ET Q q 0 0 0 rg BT 300.55 239.10 Td (fires, ) Tj ET Q q 0 0 0 rg BT 324.68 239.10 Td (explosions, ) Tj ET Q q 0 0 0 rg BT 373.83 239.10 Td (earthquakes, ) Tj ET Q q 0 0 0 rg BT 427.95 239.10 Td (droughts, ) Tj ET Q q 0 0 0 rg BT 469.32 239.10 Td (pandemics ) Tj ET Q q 0 0 0 rg BT 515.95 239.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.25 239.10 Td (acts ) Tj ET Q q 0 0 0 rg BT 553.67 239.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 227.10 Td (terrorism; ) Tj ET Q q 0 0 0 rg BT 109.93 227.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 215.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 215.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.72 215.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 117.97 215.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.80 215.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.52 215.10 Td (power ) Tj ET Q q 0 0 0 rg BT 171.01 215.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.84 215.10 Td (eminent ) Tj ET Q q 0 0 0 rg BT 216.55 215.10 Td (domain.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 198.10 Td (W) Tj ET Q q 0 0 0 rg BT 67.64 198.10 Td (e ) Tj ET Q q 0 0 0 rg BT 75.03 198.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 104.64 198.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 135.36 198.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.53 198.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 180.70 198.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.99 198.10 Td (these ) Tj ET Q q 0 0 0 rg BT 215.49 198.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 237.34 198.10 Td (on ) Tj ET Q q 0 0 0 rg BT 250.29 198.10 Td (our ) Tj ET Q q 0 0 0 rg BT 266.58 198.10 Td (business ) Tj ET Q q 0 0 0 rg BT 303.43 198.10 Td (or ) Tj ET Q q 0 0 0 rg BT 314.71 198.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 361.82 198.10 Td (One ) Tj ET Q q 0 0 0 rg BT 381.44 198.10 Td (or ) Tj ET Q q 0 0 0 rg BT 392.72 198.10 Td (more ) Tj ET Q q 0 0 0 rg BT 416.23 198.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.51 198.10 Td (these ) Tj ET Q q 0 0 0 rg BT 451.01 198.10 Td (risks, ) Tj ET Q q 0 0 0 rg BT 475.36 198.10 Td (if ) Tj ET Q q 0 0 0 rg BT 484.42 198.10 Td (they ) Tj ET Q q 0 0 0 rg BT 504.60 198.10 Td (were ) Tj ET Q q 0 0 0 rg BT 526.98 198.10 Td (to ) Tj ET Q q 0 0 0 rg BT 537.72 198.10 Td (occur) Tj ET Q q 0 0 0 rg BT 559.52 198.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 186.10 Td (could ) Tj ET Q q 0 0 0 rg BT 75.11 186.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 107.99 186.10 Td (us ) Tj ET Q q 0 0 0 rg BT 119.78 186.10 Td (from ) Tj ET Q q 0 0 0 rg BT 142.11 186.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 177.22 186.10 Td (our ) Tj ET Q q 0 0 0 rg BT 193.45 186.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 240.79 186.10 Td (under ) Tj ET Q q 0 0 0 rg BT 266.45 186.10 Td (our ) Tj ET Q q 0 0 0 rg BT 282.68 186.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 323.33 186.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 362.32 186.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.66 186.10 Td (have ) Tj ET Q q 0 0 0 rg BT 401.43 186.10 Td (an ) Tj ET Q q 0 0 0 rg BT 413.76 186.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 447.20 186.10 Td (ef) Tj ET Q q 0 0 0 rg BT 454.79 186.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 472.67 186.10 Td (on ) Tj ET Q q 0 0 0 rg BT 485.56 186.10 Td (our ) Tj ET Q q 0 0 0 rg BT 501.79 186.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 522.45 186.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 547.57 186.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 174.10 Td (results ) Tj ET Q q 0 0 0 rg BT 78.61 174.10 Td (of ) Tj ET Q q 0 0 0 rg BT 89.44 174.10 Td (operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 156.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 78.17 156.10 Td (results ) Tj ET Q q 0 0 0 rg BT 107.91 156.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.74 156.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 164.58 156.10 Td (may ) Tj ET Q q 0 0 0 rg BT 184.29 156.10 Td (be ) Tj ET Q q 0 0 0 rg BT 196.23 156.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 237.05 156.10 Td (af) Tj ET Q q 0 0 0 rg BT 245.20 156.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 272.12 156.10 Td (by ) Tj ET Q q 0 0 0 rg BT 284.06 156.10 Td (market ) Tj ET Q q 0 0 0 rg BT 315.45 156.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 360.73 156.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 395.46 156.10 Td (at ) Tj ET Q q 0 0 0 rg BT 405.74 156.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.02 156.10 Td (time ) Tj ET Q q 0 0 0 rg BT 441.29 156.10 Td (our ) Tj ET Q q 0 0 0 rg BT 458.24 156.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 498.52 156.10 Td (expire.) 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Td (sell ) Tj ET Q q 0 0 0 rg BT 506.75 138.10 Td (ener) Tj ET Q q 0 0 0 rg BT 523.78 138.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 536.44 138.10 Td (output ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 126.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 77.69 126.10 Td (on ) Tj ET Q q 0 0 0 rg BT 90.40 126.10 Td (various ) Tj ET Q q 0 0 0 rg BT 122.54 126.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 145.79 126.10 Td (between ) Tj ET Q q 0 0 0 rg BT 181.81 126.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 204.52 126.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.66 126.10 Td (2038. ) Tj ET Q q 0 0 0 rg BT 246.87 126.10 Td (Expiration ) Tj ET Q q 0 0 0 rg BT 291.78 126.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.82 126.10 Td (these ) Tj ET Q q 0 0 0 rg BT 326.07 126.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 364.87 126.10 Td (subjects ) Tj ET Q q 0 0 0 rg BT 399.79 126.10 Td (us ) Tj ET Q q 0 0 0 rg BT 411.39 126.10 Td (to ) Tj ET Q q 0 0 0 rg BT 421.87 126.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 452.33 126.10 Td (market ) Tj ET Q q 0 0 0 rg BT 482.80 126.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 500.50 126.10 Td (in ) Tj ET Q q 0 0 0 rg BT 510.99 126.10 Td (entering ) Tj ET Q q 0 0 0 rg BT 546.46 126.10 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 114.10 Td (new ) Tj ET Q q 0 0 0 rg BT 69.28 114.10 Td (or ) Tj ET Q q 0 0 0 rg BT 80.23 114.10 Td (replacement ) Tj ET Q q 0 0 0 rg BT 131.70 114.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 170.42 114.10 Td (at ) Tj ET Q q 0 0 0 rg BT 180.25 114.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 211.20 114.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 237.14 114.10 Td (that ) Tj ET Q q 0 0 0 rg BT 254.75 114.10 Td (may ) Tj ET Q q 0 0 0 rg BT 274.59 114.10 Td (not ) Tj ET Q q 0 0 0 rg BT 289.99 114.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 326.47 114.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 375.73 114.10 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 412.30 114.10 Td (W) Tj ET Q q 0 0 0 rg BT 420.94 114.10 Td (e ) Tj ET Q q 0 0 0 rg BT 428.00 114.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 457.27 114.10 Td (assure ) Tj ET Q q 0 0 0 rg BT 484.88 114.10 Td (you ) Tj ET Q q 0 0 0 rg BT 502.50 114.10 Td (that ) Tj ET Q q 0 0 0 rg BT 520.11 114.10 Td (we ) Tj ET Q q 0 0 0 rg BT 534.39 114.10 Td (will ) Tj ET Q q 0 0 0 rg BT 552.56 114.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 102.10 Td (able ) Tj ET Q q 0 0 0 rg BT 69.98 102.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.09 102.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 104.41 102.10 Td (into ) Tj ET Q q 0 0 0 rg BT 123.29 102.10 Td (renewal ) Tj ET Q q 0 0 0 rg BT 158.27 102.10 Td (or ) Tj ET Q q 0 0 0 rg BT 169.93 102.10 Td (replacement ) Tj ET Q q 0 0 0 rg BT 222.11 102.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 261.54 102.10 Td (on ) Tj ET Q q 0 0 0 rg BT 274.86 102.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 315.95 102.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 343.99 102.10 Td (or ) Tj ET Q q 0 0 0 rg BT 355.65 102.10 Td (at ) Tj ET Q q 0 0 0 rg BT 366.20 102.10 Td (all. ) Tj ET Q q 0 0 0 rg BT 381.78 102.10 Td (W) Tj ET Q q 0 0 0 rg BT 390.42 102.10 Td (e ) Tj ET Q q 0 0 0 rg BT 398.19 102.10 Td (also ) Tj ET Q q 0 0 0 rg BT 417.62 102.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 447.05 102.10 Td (that ) Tj ET Q q 0 0 0 rg BT 465.37 102.10 Td (medium- ) Tj ET Q q 0 0 0 rg BT 504.80 102.10 Td (and ) Tj ET Q q 0 0 0 rg BT 522.57 102.10 Td (long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 90.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 88.62 90.10 Td (for ) Tj ET Q q 0 0 0 rg BT 102.82 90.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 124.78 90.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.65 90.10 Td (ener) Tj ET Q q 0 0 0 rg BT 152.67 90.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 165.20 90.10 Td (may ) Tj ET Q q 0 0 0 rg BT 184.95 90.10 Td (be ) Tj ET Q q 0 0 0 rg BT 196.92 90.10 Td (less ) Tj ET Q q 0 0 0 rg BT 214.45 90.10 Td (available ) Tj ET Q q 0 0 0 rg BT 253.07 90.10 Td (than ) Tj ET Q q 0 0 0 rg BT 272.82 90.10 Td (in ) Tj ET Q q 0 0 0 rg BT 283.13 90.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.87 90.10 Td (past, ) Tj ET Q q 0 0 0 rg BT 319.01 90.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.98 90.10 Td (so ) Tj ET Q q 0 0 0 rg BT 347.40 90.10 Td (after ) Tj ET Q q 0 0 0 rg BT 368.25 90.10 Td (expiration ) Tj ET Q q 0 0 0 rg BT 411.32 90.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.18 90.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 456.38 90.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 495.00 90.10 Td (we ) Tj ET Q q 0 0 0 rg BT 509.20 90.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 537.82 90.10 Td (to ) Tj ET Q q 0 0 0 rg BT 548.13 90.10 Td (sell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 78.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.56 78.10 Td (ener) Tj ET Q q 0 0 0 rg BT 82.58 78.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 94.81 78.10 Td (output ) Tj ET Q q 0 0 0 rg BT 122.59 78.10 Td (either ) Tj ET Q q 0 0 0 rg BT 147.58 78.10 Td (in ) Tj ET Q q 0 0 0 rg BT 157.59 78.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 201.47 78.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 251.46 78.10 Td (or ) Tj ET Q q 0 0 0 rg BT 262.02 78.10 Td (on ) Tj ET Q q 0 0 0 rg BT 274.24 78.10 Td (a ) Tj ET Q q 0 0 0 rg BT 280.91 78.10 Td (spot ) Tj ET Q q 0 0 0 rg BT 299.80 78.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 322.03 78.10 Td (or ) Tj ET Q q 0 0 0 rg BT 332.59 78.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 369.25 78.10 Td (to ) Tj ET Q q 0 0 0 rg BT 379.26 78.10 Td (new ) Tj ET Q q 0 0 0 rg BT 398.14 78.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 436.46 78.10 Td (which ) Tj ET Q q 0 0 0 rg BT 463.13 78.10 Td (may ) Tj ET Q q 0 0 0 rg BT 482.57 78.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 513.13 78.10 Td (us ) Tj ET Q q 0 0 0 rg BT 524.24 78.10 Td (to ) Tj ET Q q 0 0 0 rg BT 534.25 78.10 Td (greater ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 66.10 Td (market ) Tj ET Q q 0 0 0 rg BT 80.52 66.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 98.29 66.10 Td (in ) Tj ET Q q 0 0 0 rg BT 108.83 66.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 159.36 66.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.56 66.10 Td (enhancing ) Tj ET Q q 0 0 0 rg BT 220.41 66.10 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 256.71 66.10 Td (As ) Tj ET Q q 0 0 0 rg BT 270.58 66.10 Td (a ) Tj ET Q q 0 0 0 rg BT 277.78 66.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 305.26 66.10 Td (following ) Tj ET Q q 0 0 0 rg BT 346.91 66.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.89 66.10 Td (expiration ) Tj ET Q q 0 0 0 rg BT 405.19 66.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.28 66.10 Td (our ) Tj ET Q q 0 0 0 rg BT 432.37 66.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 466.80 66.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 508.99 66.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 550.35 66.10 Td (we ) Tj ET Q endstream endobj 47 0 obj <>] /Rotate 0 /Contents 48 0 R>> endobj 48 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (may ) Tj ET Q q 0 0 0 rg BT 70.00 742.10 Td (have ) Tj ET Q q 0 0 0 rg BT 91.67 742.10 Td (more ) Tj ET Q q 0 0 0 rg BT 115.00 742.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 153.88 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 166.67 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 173.89 742.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 206.66 742.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 229.44 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.01 742.10 Td (market ) Tj ET Q q 0 0 0 rg BT 270.56 742.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 290.84 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 308.07 742.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 346.94 742.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 381.37 742.10 Td (fluctuations, ) Tj ET Q q 0 0 0 rg BT 433.86 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 444.43 742.10 Td (ener) Tj ET Q q 0 0 0 rg BT 461.46 742.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 474.24 742.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 508.68 742.10 Td (than ) Tj ET Q q 0 0 0 rg BT 528.68 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 539.25 742.10 Td (waste ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (markets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 712.10 Td (Where ) Tj ET Q q 0 0 0 rg BT 87.47 712.10 Td (we ) Tj ET Q q 0 0 0 rg BT 100.96 712.10 Td (have ) Tj ET Q q 0 0 0 rg BT 121.67 712.10 Td (leasehold ) Tj ET Q q 0 0 0 rg BT 161.26 712.10 Td (interests, ) Tj ET Q q 0 0 0 rg BT 198.91 712.10 Td (we ) Tj ET Q q 0 0 0 rg BT 212.40 712.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 240.88 712.10 Td (assure ) Tj ET Q q 0 0 0 rg BT 267.70 712.10 Td (you ) Tj ET Q q 0 0 0 rg BT 284.53 712.10 Td (that ) Tj ET Q q 0 0 0 rg BT 301.35 712.10 Td (market ) Tj ET Q q 0 0 0 rg BT 330.94 712.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 374.43 712.10 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 416.80 712.10 Td (when ) Tj ET Q q 0 0 0 rg BT 440.29 712.10 Td (such ) Tj ET Q q 0 0 0 rg BT 460.45 712.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 495.60 712.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 522.41 712.10 Td (will ) Tj ET Q q 0 0 0 rg BT 539.80 712.10 Td (allow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (us ) Tj ET Q q 0 0 0 rg BT 61.39 700.10 Td (to ) Tj ET Q q 0 0 0 rg BT 71.67 700.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 94.16 700.10 Td (into ) Tj ET Q q 0 0 0 rg BT 112.21 700.10 Td (an ) Tj ET Q q 0 0 0 rg BT 124.15 700.10 Td (extension ) Tj ET Q q 0 0 0 rg BT 164.98 700.10 Td (or ) Tj ET Q q 0 0 0 rg BT 175.81 700.10 Td (that ) Tj ET Q q 0 0 0 rg BT 193.30 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.02 700.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 232.73 700.10 Td (available ) Tj ET Q q 0 0 0 rg BT 271.32 700.10 Td (in ) Tj ET Q q 0 0 0 rg BT 281.60 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.32 700.10 Td (market ) Tj ET Q q 0 0 0 rg BT 326.58 700.10 Td (at ) Tj ET Q q 0 0 0 rg BT 336.30 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.02 700.10 Td (time ) Tj ET Q q 0 0 0 rg BT 371.29 700.10 Td (will ) Tj ET Q q 0 0 0 rg BT 389.35 700.10 Td (be ) Tj ET Q q 0 0 0 rg BT 401.28 700.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 441.54 700.10 Td (to ) Tj ET Q q 0 0 0 rg BT 451.82 700.10 Td (us.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 682.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 97.62 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 108.46 682.10 Td (public ) Tj ET Q q 0 0 0 rg BT 136.52 682.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 170.12 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.18 682.10 Td (legislative ) Tj ET Q q 0 0 0 rg BT 231.78 682.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 274.28 682.10 Td (could ) Tj ET Q q 0 0 0 rg BT 299.56 682.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 343.72 682.10 Td (af) Tj ET Q q 0 0 0 rg BT 351.87 682.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 369.36 682.10 Td (our ) Tj ET Q q 0 0 0 rg BT 386.31 682.10 Td (business ) Tj ET Q q 0 0 0 rg BT 423.82 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.89 682.10 Td (prospects.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 664.10 Td (There ) Tj ET Q q 0 0 0 rg BT 84.71 664.10 Td (has ) Tj ET Q q 0 0 0 rg BT 100.44 664.10 Td (been ) Tj ET Q q 0 0 0 rg BT 121.72 664.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 166.89 664.10 Td (debate ) Tj ET Q q 0 0 0 rg BT 195.38 664.10 Td (recently ) Tj ET Q q 0 0 0 rg BT 229.99 664.10 Td (in ) Tj ET Q q 0 0 0 rg BT 240.16 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.78 664.10 Td (United ) Tj ET Q q 0 0 0 rg BT 284.39 664.10 Td (States ) Tj ET Q q 0 0 0 rg BT 310.68 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 327.52 664.10 Td (abroad ) Tj ET Q q 0 0 0 rg BT 357.12 664.10 Td (in ) Tj ET Q q 0 0 0 rg BT 367.30 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.92 664.10 Td (context ) Tj ET Q q 0 0 0 rg BT 413.75 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.48 664.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 484.64 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 501.47 664.10 Td (ener) Tj ET Q q 0 0 0 rg BT 518.50 664.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 530.90 664.10 Td (policies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 652.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 88.71 652.10 Td (climate ) Tj ET Q q 0 0 0 rg BT 121.49 652.10 Td (change, ) Tj ET Q q 0 0 0 rg BT 155.66 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.23 652.10 Td (outcome ) Tj ET Q q 0 0 0 rg BT 209.02 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.70 652.10 Td (which ) Tj ET Q q 0 0 0 rg BT 248.50 652.10 Td (could ) Tj ET Q q 0 0 0 rg BT 274.07 652.10 Td (have ) Tj ET Q q 0 0 0 rg BT 296.30 652.10 Td (a ) Tj ET Q q 0 0 0 rg BT 304.09 652.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 339.11 652.10 Td (or ) Tj ET Q q 0 0 0 rg BT 350.80 652.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 388.02 652.10 Td (influence ) Tj ET Q q 0 0 0 rg BT 428.58 652.10 Td (on ) Tj ET Q q 0 0 0 rg BT 441.93 652.10 Td (our ) Tj ET Q q 0 0 0 rg BT 458.62 652.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 493.64 652.10 Td (business ) Tj ET Q q 0 0 0 rg BT 530.88 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 548.68 652.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (prospects ) Tj ET Q q 0 0 0 rg BT 89.97 640.10 Td (for ) Tj ET Q q 0 0 0 rg BT 103.83 640.10 Td (growing ) Tj ET Q q 0 0 0 rg BT 139.36 640.10 Td (our ) Tj ET Q q 0 0 0 rg BT 154.89 640.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 193.48 640.10 Td (Congress ) Tj ET Q q 0 0 0 rg BT 232.90 640.10 Td (has ) Tj ET Q q 0 0 0 rg BT 248.43 640.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 293.95 640.10 Td (proposed ) Tj ET Q q 0 0 0 rg BT 332.81 640.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 376.67 640.10 Td (which ) Tj ET Q q 0 0 0 rg BT 403.30 640.10 Td (is ) Tj ET Q q 0 0 0 rg BT 412.17 640.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 449.92 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 459.90 640.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 494.85 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.27 640.10 Td (proportion ) Tj ET Q q 0 0 0 rg BT 553.68 640.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.61 628.10 Td (nation) Tj ET Q q 0 0 0 rg BT 93.38 628.10 Td (s ) Tj ET Q q 0 0 0 rg BT 100.67 628.10 Td (electricity ) Tj ET Q q 0 0 0 rg BT 144.04 628.10 Td (that ) Tj ET Q q 0 0 0 rg BT 162.42 628.10 Td (is ) Tj ET Q q 0 0 0 rg BT 172.49 628.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 214.74 628.10 Td (from ) Tj ET Q q 0 0 0 rg BT 237.57 628.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 291.51 628.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 338.21 628.10 Td (clean ) Tj ET Q q 0 0 0 rg BT 371.58 628.10 Td (or ) Tj ET Q q 0 0 0 rg BT 383.30 628.10 Td (renewable, ) Tj ET Q q 0 0 0 rg BT 439.15 628.10 Td (through ) Tj ET Q q 0 0 0 rg BT 473.65 628.10 Td (mandatory ) Tj ET Q q 0 0 0 rg BT 519.81 628.10 Td (generation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (levels, ) Tj ET Q q 0 0 0 rg BT 77.44 616.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 91.27 616.10 Td (incentives, ) Tj ET Q q 0 0 0 rg BT 135.92 616.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.97 616.10 Td (other ) Tj ET Q q 0 0 0 rg BT 174.13 616.10 Td (means. ) Tj ET Q q 0 0 0 rg BT 203.79 616.10 Td (Congress ) Tj ET Q q 0 0 0 rg BT 242.63 616.10 Td (has ) Tj ET Q q 0 0 0 rg BT 257.57 616.10 Td (also ) Tj ET Q q 0 0 0 rg BT 275.29 616.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 320.22 616.10 Td (enacting ) Tj ET Q q 0 0 0 rg BT 355.70 616.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 398.98 616.10 Td (which ) Tj ET Q q 0 0 0 rg BT 425.03 616.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 441.64 616.10 Td (declining ) Tj ET Q q 0 0 0 rg BT 480.47 616.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 504.86 616.10 Td (on ) Tj ET Q q 0 0 0 rg BT 516.48 616.10 Td (greenhouse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 65.64 604.10 Td (emissions, ) Tj ET Q q 0 0 0 rg BT 109.89 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.64 604.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 161.15 604.10 Td (generators ) Tj ET Q q 0 0 0 rg BT 205.10 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.18 604.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 253.03 604.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 278.11 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.20 604.10 Td (emit ) Tj ET Q q 0 0 0 rg BT 308.28 604.10 Td (in ) Tj ET Q q 0 0 0 rg BT 318.36 604.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 346.77 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.40 604.10 Td (such ) Tj ET Q q 0 0 0 rg BT 378.04 604.10 Td (limits, ) Tj ET Q q 0 0 0 rg BT 405.63 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 422.37 604.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 450.79 604.10 Td (such ) Tj ET Q q 0 0 0 rg BT 471.42 604.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 496.51 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.59 604.10 Td (be ) Tj ET Q q 0 0 0 rg BT 518.34 604.10 Td (traded. ) Tj ET Q q 0 0 0 rg BT 548.13 604.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (those ) Tj ET Q q 0 0 0 rg BT 72.69 592.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 104.27 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.18 592.10 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 161.30 592.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 176.22 592.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 217.25 592.10 Td (that ) Tj ET Q q 0 0 0 rg BT 233.83 592.10 Td (are ) Tj ET Q q 0 0 0 rg BT 247.62 592.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 275.86 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 285.22 592.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 306.24 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.04 592.10 Td (required ) Tj ET Q q 0 0 0 rg BT 354.94 592.10 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 401.81 592.10 Td (such ) Tj ET Q q 0 0 0 rg BT 421.72 592.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 464.97 592.10 Td (could ) Tj ET Q q 0 0 0 rg BT 488.77 592.10 Td (impose ) Tj ET Q q 0 0 0 rg BT 519.24 592.10 Td (substantial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.37 580.10 Td (burdens. ) Tj ET Q q 0 0 0 rg BT 123.74 580.10 Td (The ) Tj ET Q q 0 0 0 rg BT 141.68 580.10 Td (EP) Tj ET Q q 0 0 0 rg BT 152.43 580.10 Td (A) Tj ET Q q 0 0 0 rg BT 159.10 580.10 Td ( ) Tj ET Q q 0 0 0 rg BT 161.49 580.10 Td (has ) Tj ET Q q 0 0 0 rg BT 177.21 580.10 Td (proposed ) Tj ET Q q 0 0 0 rg BT 216.25 580.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 238.08 580.10 Td (which ) Tj ET Q q 0 0 0 rg BT 264.91 580.10 Td (require ) Tj ET Q q 0 0 0 rg BT 295.61 580.10 Td (states ) Tj ET Q q 0 0 0 rg BT 320.21 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.38 580.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 364.42 580.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 387.92 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 398.08 580.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 427.12 580.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 456.71 580.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 498.55 580.10 Td (from ) Tj ET Q q 0 0 0 rg BT 520.37 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.98 580.10 Td (ener) Tj ET Q q 0 0 0 rg BT 552.01 580.10 Td (gy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (sector) Tj ET Q q 0 0 0 rg BT 73.48 568.10 Td (, ) Tj ET Q q 0 0 0 rg BT 79.28 568.10 Td (through ) Tj ET Q q 0 0 0 rg BT 113.70 568.10 Td (a ) Tj ET Q q 0 0 0 rg BT 121.44 568.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 152.51 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.15 568.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 201.34 568.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 241.85 568.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 273.48 568.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.56 568.10 Td (state ) Tj ET Q q 0 0 0 rg BT 306.19 568.10 Td (discretion. ) Tj ET Q q 0 0 0 rg BT 351.19 568.10 Td (While ) Tj ET Q q 0 0 0 rg BT 378.93 568.10 Td (it ) Tj ET Q q 0 0 0 rg BT 387.79 568.10 Td (is ) Tj ET Q q 0 0 0 rg BT 397.77 568.10 Td (unclear ) Tj ET Q q 0 0 0 rg BT 430.50 568.10 Td (if ) Tj ET Q q 0 0 0 rg BT 439.91 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.20 568.10 Td (T) Tj ET Q q 0 0 0 rg BT 460.95 568.10 Td (rump ) Tj ET Q q 0 0 0 rg BT 485.37 568.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 546.44 568.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (proceed ) Tj ET Q q 0 0 0 rg BT 83.00 556.10 Td (with ) Tj ET Q q 0 0 0 rg BT 102.13 556.10 Td (any ) Tj ET Q q 0 0 0 rg BT 117.92 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.60 556.10 Td (these ) Tj ET Q q 0 0 0 rg BT 149.50 556.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 180.83 556.10 Td (initiatives, ) Tj ET Q q 0 0 0 rg BT 224.12 556.10 Td (our ) Tj ET Q q 0 0 0 rg BT 238.81 556.10 Td (business ) Tj ET Q q 0 0 0 rg BT 274.05 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.84 556.10 Td (future ) Tj ET Q q 0 0 0 rg BT 315.07 556.10 Td (prospects ) Tj ET Q q 0 0 0 rg BT 354.19 556.10 Td (could ) Tj ET Q q 0 0 0 rg BT 377.76 556.10 Td (be ) Tj ET Q q 0 0 0 rg BT 388.55 556.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 428.21 556.10 Td (af) Tj ET Q q 0 0 0 rg BT 435.80 556.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 461.58 556.10 Td (if ) Tj ET Q q 0 0 0 rg BT 469.04 556.10 Td (renewable ) Tj ET Q q 0 0 0 rg BT 511.47 556.10 Td (technologies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (we ) Tj ET Q q 0 0 0 rg BT 63.92 544.10 Td (use ) Tj ET Q q 0 0 0 rg BT 79.50 544.10 Td (were ) Tj ET Q q 0 0 0 rg BT 101.19 544.10 Td (either ) Tj ET Q q 0 0 0 rg BT 126.21 544.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 137.90 544.10 Td (disfavored ) Tj ET Q q 0 0 0 rg BT 182.36 544.10 Td (in ) Tj ET Q q 0 0 0 rg BT 192.40 544.10 Td (any ) Tj ET Q q 0 0 0 rg BT 209.09 544.10 Td (new ) Tj ET Q q 0 0 0 rg BT 228.01 544.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 248.59 544.10 Td (or ) Tj ET Q q 0 0 0 rg BT 259.18 544.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 305.87 544.10 Td (pursued ) Tj ET Q q 0 0 0 rg BT 339.79 544.10 Td (by ) Tj ET Q q 0 0 0 rg BT 352.04 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.35 544.10 Td (T) Tj ET Q q 0 0 0 rg BT 372.11 544.10 Td (rump ) Tj ET Q q 0 0 0 rg BT 395.47 544.10 Td (administration, ) Tj ET Q q 0 0 0 rg BT 458.00 544.10 Td (or ) Tj ET Q q 0 0 0 rg BT 468.58 544.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 483.05 544.10 Td (not ) Tj ET Q q 0 0 0 rg BT 498.09 544.10 Td (included ) Tj ET Q q 0 0 0 rg BT 534.78 544.10 Td (among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (those ) Tj ET Q q 0 0 0 rg BT 73.17 532.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 125.77 532.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 166.15 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 175.98 532.10 Td (any ) Tj ET Q q 0 0 0 rg BT 192.48 532.10 Td (final ) Tj ET Q q 0 0 0 rg BT 212.86 532.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 233.25 532.10 Td (or ) Tj ET Q q 0 0 0 rg BT 243.64 532.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 290.13 532.10 Td (as ) Tj ET Q q 0 0 0 rg BT 300.52 532.10 Td (favoring ) Tj ET Q q 0 0 0 rg BT 336.45 532.10 Td (renewable ) Tj ET Q q 0 0 0 rg BT 379.59 532.10 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 434.69 532.10 Td (or ) Tj ET Q q 0 0 0 rg BT 445.08 532.10 Td (not ) Tj ET Q q 0 0 0 rg BT 459.92 532.10 Td (included ) Tj ET Q q 0 0 0 rg BT 496.41 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 506.25 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.52 532.10 Td (state ) Tj ET Q q 0 0 0 rg BT 540.91 532.10 Td (plans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 520.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 89.42 520.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 119.13 520.10 Td (emissions, ) Tj ET Q q 0 0 0 rg BT 163.58 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.52 520.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 219.10 520.10 Td (not ) Tj ET Q q 0 0 0 rg BT 234.38 520.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 266.87 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.15 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.87 520.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 326.02 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.85 520.10 Td (such ) Tj ET Q q 0 0 0 rg BT 357.68 520.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 381.01 520.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 430.44 520.10 Td (or ) Tj ET Q q 0 0 0 rg BT 441.27 520.10 Td (plans.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 502.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 78.91 502.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 114.91 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 133.70 502.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 155.83 502.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 180.73 502.10 Td (may ) Tj ET Q q 0 0 0 rg BT 201.18 502.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 233.84 502.10 Td (if ) Tj ET Q q 0 0 0 rg BT 243.18 502.10 Td (we ) Tj ET Q q 0 0 0 rg BT 257.53 502.10 Td (are ) Tj ET Q q 0 0 0 rg BT 274.09 502.10 Td (not ) Tj ET Q q 0 0 0 rg BT 290.66 502.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 336.11 502.10 Td (in ) Tj ET Q q 0 0 0 rg BT 347.69 502.10 Td (retaining ) Tj ET Q q 0 0 0 rg BT 388.71 502.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 415.84 502.10 Td (or ) Tj ET Q q 0 0 0 rg BT 427.96 502.10 Td (such ) Tj ET Q q 0 0 0 rg BT 450.65 502.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 477.78 502.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 520.46 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 531.47 502.10 Td (operate ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 87.49 490.10 Td (after ) Tj ET Q q 0 0 0 rg BT 109.43 490.10 Td (our ) Tj ET Q q 0 0 0 rg BT 126.38 490.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 166.66 490.10 Td (expire.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 472.10 Td (W) Tj ET Q q 0 0 0 rg BT 67.64 472.10 Td (e ) Tj ET Q q 0 0 0 rg BT 74.96 472.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 107.26 472.10 Td (some ) Tj ET Q q 0 0 0 rg BT 131.26 472.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 168.57 472.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 198.11 472.10 Td (by ) Tj ET Q q 0 0 0 rg BT 210.99 472.10 Td (municipal ) Tj ET Q q 0 0 0 rg BT 253.86 472.10 Td (clients, ) Tj ET Q q 0 0 0 rg BT 285.35 472.10 Td (under ) Tj ET Q q 0 0 0 rg BT 311.00 472.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 353.32 472.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 394.79 472.10 Td (If, ) Tj ET Q q 0 0 0 rg BT 406.83 472.10 Td (when ) Tj ET Q q 0 0 0 rg BT 431.38 472.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 465.92 472.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 504.90 472.10 Td (expire, ) Tj ET Q q 0 0 0 rg BT 535.27 472.10 Td (we ) Tj ET Q q 0 0 0 rg BT 549.81 472.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 79.42 460.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.95 460.10 Td (reach ) Tj ET Q q 0 0 0 rg BT 114.36 460.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 158.76 460.10 Td (with ) Tj ET Q q 0 0 0 rg BT 179.30 460.10 Td (our ) Tj ET Q q 0 0 0 rg BT 195.39 460.10 Td (municipal ) Tj ET Q q 0 0 0 rg BT 238.14 460.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 267.00 460.10 Td (on ) Tj ET Q q 0 0 0 rg BT 279.76 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.74 460.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 319.72 460.10 Td (under ) Tj ET Q q 0 0 0 rg BT 345.25 460.10 Td (which ) Tj ET Q q 0 0 0 rg BT 372.45 460.10 Td (they ) Tj ET Q q 0 0 0 rg BT 392.42 460.10 Td (would ) Tj ET Q q 0 0 0 rg BT 420.18 460.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 449.60 460.10 Td (our ) Tj ET Q q 0 0 0 rg BT 465.69 460.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 506.21 460.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 547.57 460.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.87 448.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 110.83 448.10 Td (af) Tj ET Q q 0 0 0 rg BT 118.42 448.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 136.06 448.10 Td (our ) Tj ET Q q 0 0 0 rg BT 152.04 448.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 188.84 448.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 209.26 448.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 230.24 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.33 448.10 Td (profitability) Tj ET Q q 0 0 0 rg BT 294.45 448.10 Td (. ) Tj ET Q q 0 0 0 rg BT 299.41 448.10 Td (W) Tj ET Q q 0 0 0 rg BT 308.05 448.10 Td (e ) Tj ET Q q 0 0 0 rg BT 315.14 448.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 344.44 448.10 Td (assure ) Tj ET Q q 0 0 0 rg BT 372.08 448.10 Td (that ) Tj ET Q q 0 0 0 rg BT 389.73 448.10 Td (we ) Tj ET Q q 0 0 0 rg BT 404.04 448.10 Td (will ) Tj ET Q q 0 0 0 rg BT 422.25 448.10 Td (be ) Tj ET Q q 0 0 0 rg BT 434.34 448.10 Td (able ) Tj ET Q q 0 0 0 rg BT 453.65 448.10 Td (to ) Tj ET Q q 0 0 0 rg BT 464.08 448.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 486.71 448.10 Td (into ) Tj ET Q q 0 0 0 rg BT 504.92 448.10 Td (such ) Tj ET Q q 0 0 0 rg BT 525.90 448.10 Td (contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.83 436.10 Td (that ) Tj ET Q q 0 0 0 rg BT 78.33 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 93.04 436.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 117.76 436.10 Td (available ) Tj ET Q q 0 0 0 rg BT 156.35 436.10 Td (in ) Tj ET Q q 0 0 0 rg BT 166.63 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.34 436.10 Td (market ) Tj ET Q q 0 0 0 rg BT 211.61 436.10 Td (at ) Tj ET Q q 0 0 0 rg BT 221.32 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.04 436.10 Td (time ) Tj ET Q q 0 0 0 rg BT 256.31 436.10 Td (will ) Tj ET Q q 0 0 0 rg BT 274.37 436.10 Td (be ) Tj ET Q q 0 0 0 rg BT 286.31 436.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 326.56 436.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.84 436.10 Td (us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 418.10 Td (At ) Tj ET Q q 0 0 0 rg BT 71.98 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 79.40 418.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 110.70 418.10 Td (number ) Tj ET Q q 0 0 0 rg BT 144.23 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.54 418.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 192.95 418.10 Td (we ) Tj ET Q q 0 0 0 rg BT 207.58 418.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 239.99 418.10 Td (that ) Tj ET Q q 0 0 0 rg BT 257.96 418.10 Td (are ) Tj ET Q q 0 0 0 rg BT 273.15 418.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 302.78 418.10 Td (by ) Tj ET Q q 0 0 0 rg BT 315.76 418.10 Td (municipal ) Tj ET Q q 0 0 0 rg BT 358.73 418.10 Td (clients, ) Tj ET Q q 0 0 0 rg BT 390.31 418.10 Td (our ) Tj ET Q q 0 0 0 rg BT 406.62 418.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 435.70 418.10 Td (have ) Tj ET Q q 0 0 0 rg BT 457.56 418.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 487.74 418.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 513.50 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 524.25 418.10 Td (terminate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (such ) Tj ET Q q 0 0 0 rg BT 72.13 406.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 112.01 406.10 Td (without ) Tj ET Q q 0 0 0 rg BT 146.37 406.10 Td (cause.If ) Tj ET Q q 0 0 0 rg BT 184.03 406.10 Td (any ) Tj ET Q q 0 0 0 rg BT 202.26 406.10 Td (such ) Tj ET Q q 0 0 0 rg BT 224.39 406.10 Td (terminations ) Tj ET Q q 0 0 0 rg BT 278.17 406.10 Td (were ) Tj ET Q q 0 0 0 rg BT 301.40 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 312.97 406.10 Td (occur) Tj ET Q q 0 0 0 rg BT 334.78 406.10 Td (, ) Tj ET Q q 0 0 0 rg BT 341.07 406.10 Td (this ) Tj ET Q q 0 0 0 rg BT 359.32 406.10 Td (may ) Tj ET Q q 0 0 0 rg BT 380.33 406.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 422.44 406.10 Td (af) Tj ET Q q 0 0 0 rg BT 430.03 406.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 448.81 406.10 Td (our ) Tj ET Q q 0 0 0 rg BT 465.94 406.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 503.88 406.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 525.44 406.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 547.57 406.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (profitability) Tj ET Q q 0 0 0 rg BT 97.12 394.10 Td (. ) Tj ET Q q 0 0 0 rg BT 101.94 394.10 Td (W) Tj ET Q q 0 0 0 rg BT 110.58 394.10 Td (e ) Tj ET Q q 0 0 0 rg BT 117.51 394.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 146.67 394.10 Td (assure ) Tj ET Q q 0 0 0 rg BT 174.16 394.10 Td (that ) Tj ET Q q 0 0 0 rg BT 191.66 394.10 Td (such ) Tj ET Q q 0 0 0 rg BT 212.49 394.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 247.19 394.10 Td (terminations ) Tj ET Q q 0 0 0 rg BT 299.68 394.10 Td (will ) Tj ET Q q 0 0 0 rg BT 317.73 394.10 Td (not ) Tj ET Q q 0 0 0 rg BT 333.01 394.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 357.72 394.10 Td (in ) Tj ET Q q 0 0 0 rg BT 368.00 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.71 394.10 Td (future.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 376.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 78.07 376.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 113.23 376.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.18 376.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 152.47 376.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 176.53 376.10 Td (may ) Tj ET Q q 0 0 0 rg BT 196.14 376.10 Td (be ) Tj ET Q q 0 0 0 rg BT 207.97 376.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 239.25 376.10 Td (to ) Tj ET Q q 0 0 0 rg BT 249.42 376.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 281.25 376.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 319.19 376.10 Td (if ) Tj ET Q q 0 0 0 rg BT 327.69 376.10 Td (we ) Tj ET Q q 0 0 0 rg BT 341.19 376.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 370.80 376.10 Td (or ) Tj ET Q q 0 0 0 rg BT 382.09 376.10 Td (renew ) Tj ET Q q 0 0 0 rg BT 409.48 376.10 Td (our ) Tj ET Q q 0 0 0 rg BT 426.32 376.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 466.50 376.10 Td (under ) Tj ET Q q 0 0 0 rg BT 493.34 376.10 Td (tip ) Tj ET Q q 0 0 0 rg BT 506.29 376.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 520.89 376.10 Td (structures ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (more ) Tj ET Q q 0 0 0 rg BT 73.61 364.10 Td (often ) Tj ET Q q 0 0 0 rg BT 97.22 364.10 Td (than ) Tj ET Q q 0 0 0 rg BT 118.62 364.10 Td (service ) Tj ET Q q 0 0 0 rg BT 149.43 364.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 164.14 364.10 Td (structures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 346.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 77.59 346.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 112.27 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.74 346.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 150.55 346.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 175.81 346.10 Td (may ) Tj ET Q q 0 0 0 rg BT 196.06 346.10 Td (be ) Tj ET Q q 0 0 0 rg BT 208.53 346.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 239.90 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.71 346.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 281.50 346.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 320.64 346.10 Td (if ) Tj ET Q q 0 0 0 rg BT 329.79 346.10 Td (we ) Tj ET Q q 0 0 0 rg BT 344.49 346.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 374.18 346.10 Td (or ) Tj ET Q q 0 0 0 rg BT 385.54 346.10 Td (renew ) Tj ET Q q 0 0 0 rg BT 413.01 346.10 Td (our ) Tj ET Q q 0 0 0 rg BT 429.37 346.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 468.50 346.10 Td (under ) Tj ET Q q 0 0 0 rg BT 494.31 346.10 Td (tip ) Tj ET Q q 0 0 0 rg BT 507.90 346.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 523.14 346.10 Td (structures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (more ) Tj ET Q q 0 0 0 rg BT 73.19 334.10 Td (often ) Tj ET Q q 0 0 0 rg BT 96.38 334.10 Td (than ) Tj ET Q q 0 0 0 rg BT 116.24 334.10 Td (under ) Tj ET Q q 0 0 0 rg BT 141.65 334.10 Td (service ) Tj ET Q q 0 0 0 rg BT 172.61 334.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 187.46 334.10 Td (structures. ) Tj ET Q q 0 0 0 rg BT 231.48 334.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 250.78 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 261.20 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.06 334.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 303.69 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.67 334.10 Td (tip ) Tj ET Q q 0 0 0 rg BT 327.87 334.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 342.72 334.10 Td (structures, ) Tj ET Q q 0 0 0 rg BT 386.74 334.10 Td (if ) Tj ET Q q 0 0 0 rg BT 395.49 334.10 Td (that ) Tj ET Q q 0 0 0 rg BT 413.13 334.10 Td (were ) Tj ET Q q 0 0 0 rg BT 435.20 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 445.62 334.10 Td (occur) Tj ET Q q 0 0 0 rg BT 467.43 334.10 Td (, ) Tj ET Q q 0 0 0 rg BT 472.57 334.10 Td (we ) Tj ET Q q 0 0 0 rg BT 486.87 334.10 Td (may ) Tj ET Q q 0 0 0 rg BT 506.73 334.10 Td (be ) Tj ET Q q 0 0 0 rg BT 518.81 334.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 554.22 334.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 80.25 322.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 133.28 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.21 322.10 Td (price ) Tj ET Q q 0 0 0 rg BT 172.70 322.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 190.20 322.10 Td (on ) Tj ET Q q 0 0 0 rg BT 202.70 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.42 322.10 Td (ener) Tj ET Q q 0 0 0 rg BT 234.44 322.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 246.94 322.10 Td (we ) Tj ET Q q 0 0 0 rg BT 261.10 322.10 Td (sell. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 304.10 Td (Some ) Tj ET Q q 0 0 0 rg BT 85.22 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.00 304.10 Td (our ) Tj ET Q q 0 0 0 rg BT 114.89 304.10 Td (EfW) Tj ET Q q 0 0 0 rg BT 133.60 304.10 Td ( ) Tj ET Q q 0 0 0 rg BT 137.05 304.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 172.71 304.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 205.59 304.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 238.47 304.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 257.47 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.25 304.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 309.91 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.14 304.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 377.35 304.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 403.56 304.10 Td (which, ) Tj ET Q q 0 0 0 rg BT 434.51 304.10 Td (if ) Tj ET Q q 0 0 0 rg BT 444.06 304.10 Td (not ) Tj ET Q q 0 0 0 rg BT 460.84 304.10 Td (satisfied, ) Tj ET Q q 0 0 0 rg BT 500.68 304.10 Td (could ) Tj ET Q q 0 0 0 rg BT 526.90 304.10 Td (result ) Tj ET Q q 0 0 0 rg BT 553.68 304.10 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 94.16 292.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 119.44 292.10 Td (revenue.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 274.10 Td (At ) Tj ET Q q 0 0 0 rg BT 71.29 274.10 Td (our ) Tj ET Q q 0 0 0 rg BT 86.91 274.10 Td (EfW) Tj ET Q q 0 0 0 rg BT 105.61 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 107.90 274.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 144.62 274.10 Td (where ) Tj ET Q q 0 0 0 rg BT 171.34 274.10 Td (tip ) Tj ET Q q 0 0 0 rg BT 184.19 274.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 198.69 274.10 Td (structures ) Tj ET Q q 0 0 0 rg BT 239.86 274.10 Td (exist, ) Tj ET Q q 0 0 0 rg BT 263.53 274.10 Td (we ) Tj ET Q q 0 0 0 rg BT 277.49 274.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 308.64 274.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 334.26 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.88 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.39 274.10 Td (ener) Tj ET Q q 0 0 0 rg BT 376.42 274.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 388.71 274.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 422.65 274.10 Td (they ) Tj ET Q q 0 0 0 rg BT 442.15 274.10 Td (generate. ) Tj ET Q q 0 0 0 rg BT 480.30 274.10 Td (As ) Tj ET Q q 0 0 0 rg BT 493.71 274.10 Td (a ) Tj ET Q q 0 0 0 rg BT 500.44 274.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 527.45 274.10 Td (if ) Tj ET Q q 0 0 0 rg BT 535.85 274.10 Td (we ) Tj ET Q q 0 0 0 rg BT 549.80 274.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 78.14 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 87.41 262.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 118.32 262.10 Td (these ) Tj ET Q q 0 0 0 rg BT 140.35 262.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 176.27 262.10 Td (at ) Tj ET Q q 0 0 0 rg BT 184.97 262.10 Td (their ) Tj ET Q q 0 0 0 rg BT 204.78 262.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 243.48 262.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 295.49 262.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 320.30 262.10 Td (for ) Tj ET Q q 0 0 0 rg BT 333.45 262.10 Td (any ) Tj ET Q q 0 0 0 rg BT 349.38 262.10 Td (reason, ) Tj ET Q q 0 0 0 rg BT 379.46 262.10 Td (our ) Tj ET Q q 0 0 0 rg BT 394.28 262.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 427.41 262.10 Td (from ) Tj ET Q q 0 0 0 rg BT 448.33 262.10 Td (ener) Tj ET Q q 0 0 0 rg BT 465.36 262.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 476.85 262.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 497.77 262.10 Td (could ) Tj ET Q q 0 0 0 rg BT 521.48 262.10 Td (materially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (decrease.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 232.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 77.31 232.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 123.97 232.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 178.38 232.10 Td (could ) Tj ET Q q 0 0 0 rg BT 202.80 232.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 242.75 232.10 Td (af) Tj ET Q q 0 0 0 rg BT 250.90 232.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 267.52 232.10 Td (our ) Tj ET Q q 0 0 0 rg BT 283.61 232.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 322.77 232.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 361.63 232.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 402.16 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.36 232.10 Td (results ) Tj ET Q q 0 0 0 rg BT 448.23 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.20 232.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 503.18 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 520.37 232.10 Td (our ) Tj ET Q q 0 0 0 rg BT 536.46 232.10 Td (ability ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 220.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 82.21 220.10 Td (our ) Tj ET Q q 0 0 0 rg BT 99.17 220.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 136.66 220.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 184.73 220.10 Td (under ) Tj ET Q q 0 0 0 rg BT 211.68 220.10 Td (our ) Tj ET Q q 0 0 0 rg BT 228.63 220.10 Td (indebtedness.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 202.10 Td (The ) Tj ET Q q 0 0 0 rg BT 77.05 202.10 Td (level ) Tj ET Q q 0 0 0 rg BT 98.98 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.81 202.10 Td (our ) Tj ET Q q 0 0 0 rg BT 125.64 202.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 178.68 202.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 232.84 202.10 Td (could ) Tj ET Q q 0 0 0 rg BT 257.55 202.10 Td (have ) Tj ET Q q 0 0 0 rg BT 278.93 202.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 323.64 202.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 381.12 202.10 Td (on ) Tj ET Q q 0 0 0 rg BT 393.62 202.10 Td (our ) Tj ET Q q 0 0 0 rg BT 409.45 202.10 Td (future ) Tj ET Q q 0 0 0 rg BT 435.83 202.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 482.48 202.10 Td (including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 184.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 184.10 Td (making ) Tj ET Q q 0 0 0 rg BT 109.50 184.10 Td (it ) Tj ET Q q 0 0 0 rg BT 117.55 184.10 Td (dif) Tj ET Q q 0 0 0 rg BT 128.48 184.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 152.08 184.10 Td (for ) Tj ET Q q 0 0 0 rg BT 166.24 184.10 Td (us ) Tj ET Q q 0 0 0 rg BT 177.63 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.91 184.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 209.85 184.10 Td (our ) Tj ET Q q 0 0 0 rg BT 225.68 184.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 262.61 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.55 184.10 Td (other ) Tj ET Q q 0 0 0 rg BT 302.60 184.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 349.54 184.10 Td (under ) Tj ET Q q 0 0 0 rg BT 374.81 184.10 Td (our ) Tj ET Q q 0 0 0 rg BT 390.64 184.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 439.80 184.10 Td (indebtedness;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 172.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 172.10 Td (limiting ) Tj ET Q q 0 0 0 rg BT 111.10 172.10 Td (our ) Tj ET Q q 0 0 0 rg BT 126.87 172.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 154.85 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.07 172.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 192.50 172.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 234.92 172.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 275.12 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 285.33 172.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 306.09 172.10 Td (working ) Tj ET Q q 0 0 0 rg BT 341.86 172.10 Td (capital, ) Tj ET Q q 0 0 0 rg BT 373.44 172.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 402.53 172.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 458.56 172.10 Td (new ) Tj ET Q q 0 0 0 rg BT 477.65 172.10 Td (projects, ) Tj ET Q q 0 0 0 rg BT 514.24 172.10 Td (acquisitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 160.10 Td (and ) Tj ET Q q 0 0 0 rg BT 93.94 160.10 Td (other ) Tj ET Q q 0 0 0 rg BT 116.99 160.10 Td (general ) Tj ET Q q 0 0 0 rg BT 148.91 160.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 189.16 160.10 Td (purposes;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 148.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 148.10 Td (subjecting ) Tj ET Q q 0 0 0 rg BT 120.60 148.10 Td (us ) Tj ET Q q 0 0 0 rg BT 132.00 148.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.27 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.99 148.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 174.49 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.32 148.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 225.57 148.10 Td (sensitivity ) Tj ET Q q 0 0 0 rg BT 269.19 148.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.47 148.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 311.40 148.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 328.88 148.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 368.03 148.10 Td (on ) Tj ET Q q 0 0 0 rg BT 380.53 148.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 434.69 148.10 Td (under ) Tj ET Q q 0 0 0 rg BT 459.95 148.10 Td (our ) Tj ET Q q 0 0 0 rg BT 475.78 148.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 501.05 148.10 Td (facilities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 136.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 136.10 Td (limiting ) Tj ET Q q 0 0 0 rg BT 112.06 136.10 Td (our ) Tj ET Q q 0 0 0 rg BT 128.79 136.10 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 171.62 136.10 Td (in ) Tj ET Q q 0 0 0 rg BT 182.79 136.10 Td (planning ) Tj ET Q q 0 0 0 rg BT 221.17 136.10 Td (for) Tj ET Q q 0 0 0 rg BT 232.43 136.10 Td (, ) Tj ET Q q 0 0 0 rg BT 238.33 136.10 Td (or ) Tj ET Q q 0 0 0 rg BT 250.05 136.10 Td (reacting ) Tj ET Q q 0 0 0 rg BT 285.64 136.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 299.32 136.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.15 136.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 361.63 136.10 Td (our ) Tj ET Q q 0 0 0 rg BT 378.36 136.10 Td (vulnerability ) Tj ET Q q 0 0 0 rg BT 432.85 136.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 446.52 136.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 482.12 136.10 Td (in ) Tj ET Q q 0 0 0 rg BT 493.29 136.10 Td (our ) Tj ET Q q 0 0 0 rg BT 510.01 136.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 549.79 136.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 124.10 Td (industries ) Tj ET Q q 0 0 0 rg BT 118.39 124.10 Td (in ) Tj ET Q q 0 0 0 rg BT 128.67 124.10 Td (which ) Tj ET Q q 0 0 0 rg BT 155.60 124.10 Td (we ) Tj ET Q q 0 0 0 rg BT 169.76 124.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 201.69 124.10 Td (and ) Tj ET Q q 0 0 0 rg BT 218.63 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.34 124.10 Td (general ) Tj ET Q q 0 0 0 rg BT 265.27 124.10 Td (economy;and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 112.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 112.10 Td (placing ) Tj ET Q q 0 0 0 rg BT 108.93 112.10 Td (us ) Tj ET Q q 0 0 0 rg BT 120.33 112.10 Td (at ) Tj ET Q q 0 0 0 rg BT 130.04 112.10 Td (a ) Tj ET Q q 0 0 0 rg BT 136.98 112.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 186.69 112.10 Td (disadvantage ) Tj ET Q q 0 0 0 rg BT 241.39 112.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 283.31 112.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.59 112.10 Td (our ) Tj ET Q q 0 0 0 rg BT 309.42 112.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 359.13 112.10 Td (that ) Tj ET Q q 0 0 0 rg BT 376.63 112.10 Td (have ) Tj ET Q q 0 0 0 rg BT 398.01 112.10 Td (less ) Tj ET Q q 0 0 0 rg BT 415.51 112.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 435.22 112.10 Td (or ) Tj ET Q q 0 0 0 rg BT 446.05 112.10 Td (are ) Tj ET Q q 0 0 0 rg BT 460.76 112.10 Td (less ) Tj ET Q q 0 0 0 rg BT 478.26 112.10 Td (leveraged.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 95.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 78.75 95.10 Td (of ) Tj ET Q q 0 0 0 rg BT 89.61 95.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.36 95.10 Td (above-listed ) Tj ET Q q 0 0 0 rg BT 155.76 95.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 185.50 95.10 Td (could ) Tj ET Q q 0 0 0 rg BT 210.25 95.10 Td (have ) Tj ET Q q 0 0 0 rg BT 231.66 95.10 Td (an ) Tj ET Q q 0 0 0 rg BT 243.63 95.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 276.69 95.10 Td (ef) Tj ET Q q 0 0 0 rg BT 284.28 95.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 301.80 95.10 Td (on ) Tj ET Q q 0 0 0 rg BT 314.33 95.10 Td (our ) Tj ET Q q 0 0 0 rg BT 330.19 95.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 369.11 95.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 406.62 95.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 446.93 95.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.90 95.10 Td (results ) Tj ET Q q 0 0 0 rg BT 492.54 95.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.40 95.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 547.58 95.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.83 83.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 93.88 83.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.16 83.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 126.09 83.10 Td (our ) Tj ET Q q 0 0 0 rg BT 141.92 83.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 178.86 83.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 225.80 83.10 Td (under ) Tj ET Q q 0 0 0 rg BT 251.07 83.10 Td (our ) Tj ET Q q 0 0 0 rg BT 266.90 83.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 319.94 83.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 342.16 83.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.10 83.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.81 83.10 Td (price ) Tj ET Q q 0 0 0 rg BT 396.30 83.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.13 83.10 Td (our ) Tj ET Q q 0 0 0 rg BT 422.96 83.10 Td (common ) Tj ET Q q 0 0 0 rg BT 460.45 83.10 Td (stock.) Tj ET Q endstream endobj 49 0 obj <>] /Rotate 0 /Contents 50 0 R>> endobj 50 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (24) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 742.25 Td (W) Tj ET Q q 0 0 0 rg BT 67.15 742.25 Td (e ) Tj ET Q q 0 0 0 rg BT 74.02 742.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 104.79 742.25 Td (assure ) Tj ET Q q 0 0 0 rg BT 133.90 742.25 Td (you ) Tj ET Q q 0 0 0 rg BT 151.33 742.25 Td (that ) Tj ET Q q 0 0 0 rg BT 169.88 742.25 Td (our ) Tj ET Q q 0 0 0 rg BT 186.76 742.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 208.09 742.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 228.30 742.25 Td (from ) Tj ET Q q 0 0 0 rg BT 250.73 742.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 296.50 742.25 Td (will ) Tj ET Q q 0 0 0 rg BT 313.94 742.25 Td (be ) Tj ET Q q 0 0 0 rg BT 325.81 742.25 Td (suf) Tj ET Q q 0 0 0 rg BT 338.41 742.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 366.94 742.25 Td (to ) Tj ET Q q 0 0 0 rg BT 377.15 742.25 Td (service ) Tj ET Q q 0 0 0 rg BT 407.90 742.25 Td (our ) Tj ET Q q 0 0 0 rg BT 424.79 742.25 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 482.50 742.25 Td (which ) Tj ET Q q 0 0 0 rg BT 509.94 742.25 Td (could ) Tj ET Q q 0 0 0 rg BT 535.15 742.25 Td (have ) Tj ET Q q 0 0 0 rg BT 557.02 742.25 Td (a ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (material ) Tj ET Q q 0 0 0 rg BT 86.94 730.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 120.54 730.25 Td (ef) Tj ET Q q 0 0 0 rg BT 128.13 730.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 145.62 730.25 Td (on ) Tj ET Q q 0 0 0 rg BT 158.68 730.25 Td (our ) Tj ET Q q 0 0 0 rg BT 175.63 730.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 215.36 730.25 Td (condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 713.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 77.22 713.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 105.45 713.25 Td (to ) Tj ET Q q 0 0 0 rg BT 115.90 713.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 138.00 713.25 Td (our ) Tj ET Q q 0 0 0 rg BT 154.01 713.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 201.12 713.25 Td (under ) Tj ET Q q 0 0 0 rg BT 226.56 713.25 Td (our ) Tj ET Q q 0 0 0 rg BT 242.57 713.25 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 296.89 713.25 Td (depends ) Tj ET Q q 0 0 0 rg BT 332.33 713.25 Td (on ) Tj ET Q q 0 0 0 rg BT 345.01 713.25 Td (our ) Tj ET Q q 0 0 0 rg BT 361.01 713.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 389.23 713.25 Td (to ) Tj ET Q q 0 0 0 rg BT 399.68 713.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 431.22 713.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 472.78 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 489.89 713.25 Td (distributions ) Tj ET Q q 0 0 0 rg BT 542.57 713.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.25 Td (our ) Tj ET Q q 0 0 0 rg BT 64.81 701.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 113.50 701.25 Td (in ) Tj ET Q q 0 0 0 rg BT 122.76 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.45 701.25 Td (future. ) Tj ET Q q 0 0 0 rg BT 164.20 701.25 Td (This, ) Tj ET Q q 0 0 0 rg BT 185.95 701.25 Td (in ) Tj ET Q q 0 0 0 rg BT 195.21 701.25 Td (turn, ) Tj ET Q q 0 0 0 rg BT 215.29 701.25 Td (is ) Tj ET Q q 0 0 0 rg BT 223.44 701.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 253.24 701.25 Td (to ) Tj ET Q q 0 0 0 rg BT 262.50 701.25 Td (many ) Tj ET Q q 0 0 0 rg BT 286.19 701.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 317.38 701.25 Td (some ) Tj ET Q q 0 0 0 rg BT 339.96 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 349.77 701.25 Td (which ) Tj ET Q q 0 0 0 rg BT 375.68 701.25 Td (are ) Tj ET Q q 0 0 0 rg BT 389.37 701.25 Td (beyond ) Tj ET Q q 0 0 0 rg BT 420.28 701.25 Td (our ) Tj ET Q q 0 0 0 rg BT 435.09 701.25 Td (control, ) Tj ET Q q 0 0 0 rg BT 467.39 701.25 Td (including ) Tj ET Q q 0 0 0 rg BT 506.64 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.34 701.25 Td (following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 683.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 683.25 Td (the ) Tj ET Q q 0 0 0 rg BT 82.72 683.25 Td (continued ) Tj ET Q q 0 0 0 rg BT 124.65 683.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 164.91 683.25 Td (and ) Tj ET Q q 0 0 0 rg BT 181.85 683.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 234.88 683.25 Td (of ) Tj ET Q q 0 0 0 rg BT 245.71 683.25 Td (our ) Tj ET Q q 0 0 0 rg BT 261.54 683.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 300.97 683.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 343.46 683.25 Td (with ) Tj ET Q q 0 0 0 rg BT 363.74 683.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 403.45 683.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 456.48 683.25 Td (levels;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 671.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 671.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 120.34 671.25 Td (or ) Tj ET Q q 0 0 0 rg BT 130.49 671.25 Td (enhancement ) Tj ET Q q 0 0 0 rg BT 185.06 671.25 Td (of ) Tj ET Q q 0 0 0 rg BT 195.20 671.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 228.66 671.25 Td (from ) Tj ET Q q 0 0 0 rg BT 249.92 671.25 Td (renewals ) Tj ET Q q 0 0 0 rg BT 287.27 671.25 Td (or ) Tj ET Q q 0 0 0 rg BT 297.42 671.25 Td (replacement ) Tj ET Q q 0 0 0 rg BT 348.09 671.25 Td (of ) Tj ET Q q 0 0 0 rg BT 358.24 671.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 391.72 671.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 429.63 671.25 Td (and ) Tj ET Q q 0 0 0 rg BT 445.89 671.25 Td (from ) Tj ET Q q 0 0 0 rg BT 467.14 671.25 Td (new ) Tj ET Q q 0 0 0 rg BT 485.62 671.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 523.53 671.25 Td (to ) Tj ET Q q 0 0 0 rg BT 533.12 671.25 Td (expand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 659.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 102.17 659.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 139.09 659.25 Td (or ) Tj ET Q q 0 0 0 rg BT 149.92 659.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 181.85 659.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 224.34 659.25 Td (facilities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 647.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 647.25 Td (market ) Tj ET Q q 0 0 0 rg BT 99.08 647.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 144.07 647.25 Td (af) Tj ET Q q 0 0 0 rg BT 151.66 647.25 Td (fecting ) Tj ET Q q 0 0 0 rg BT 182.74 647.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 208.83 647.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 244.93 647.25 Td (and ) Tj ET Q q 0 0 0 rg BT 262.69 647.25 Td (ener) Tj ET Q q 0 0 0 rg BT 279.71 647.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 293.03 647.25 Td (pricing, ) Tj ET Q q 0 0 0 rg BT 327.18 647.25 Td (as ) Tj ET Q q 0 0 0 rg BT 338.83 647.25 Td (well ) Tj ET Q q 0 0 0 rg BT 359.37 647.25 Td (as ) Tj ET Q q 0 0 0 rg BT 371.02 647.25 Td (competition ) Tj ET Q q 0 0 0 rg BT 422.11 647.25 Td (from ) Tj ET Q q 0 0 0 rg BT 444.87 647.25 Td (other ) Tj ET Q q 0 0 0 rg BT 468.73 647.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 514.82 647.25 Td (for ) Tj ET Q q 0 0 0 rg BT 529.80 647.25 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 635.25 Td (renewals, ) Tj ET Q q 0 0 0 rg BT 108.54 635.25 Td (expansions ) Tj ET Q q 0 0 0 rg BT 155.48 635.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.41 635.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 214.90 635.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 256.00 635.25 Td (particularly ) Tj ET Q q 0 0 0 rg BT 304.59 635.25 Td (after ) Tj ET Q q 0 0 0 rg BT 325.40 635.25 Td (our ) Tj ET Q q 0 0 0 rg BT 341.23 635.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 375.40 635.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 413.99 635.25 Td (expire;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 623.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 623.25 Td (the ) Tj ET Q q 0 0 0 rg BT 82.72 623.25 Td (continued ) Tj ET Q q 0 0 0 rg BT 124.65 623.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 172.14 623.25 Td (of ) Tj ET Q q 0 0 0 rg BT 182.97 623.25 Td (the ) Tj ET Q q 0 0 0 rg BT 197.68 623.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 231.84 623.25 Td (of ) Tj ET Q q 0 0 0 rg BT 242.67 623.25 Td (our ) Tj ET Q q 0 0 0 rg BT 258.50 623.25 Td (net ) Tj ET Q q 0 0 0 rg BT 273.21 623.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 313.48 623.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 331.54 623.25 Td (carryforwards;and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 611.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 611.25 Td (general ) Tj ET Q q 0 0 0 rg BT 99.92 611.25 Td (economic, ) Tj ET Q q 0 0 0 rg BT 143.80 611.25 Td (financial, ) Tj ET Q q 0 0 0 rg BT 183.78 611.25 Td (competitive, ) Tj ET Q q 0 0 0 rg BT 235.98 611.25 Td (legislative, ) Tj ET Q q 0 0 0 rg BT 282.08 611.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 325.68 611.25 Td (and ) Tj ET Q q 0 0 0 rg BT 342.61 611.25 Td (other ) Tj ET Q q 0 0 0 rg BT 365.66 611.25 Td (factors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 593.25 Td (W) Tj ET Q q 0 0 0 rg BT 67.64 593.25 Td (e ) Tj ET Q q 0 0 0 rg BT 74.59 593.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 103.77 593.25 Td (assure ) Tj ET Q q 0 0 0 rg BT 131.27 593.25 Td (you ) Tj ET Q q 0 0 0 rg BT 148.79 593.25 Td (that ) Tj ET Q q 0 0 0 rg BT 166.30 593.25 Td (our ) Tj ET Q q 0 0 0 rg BT 182.15 593.25 Td (business ) Tj ET Q q 0 0 0 rg BT 218.56 593.25 Td (will ) Tj ET Q q 0 0 0 rg BT 236.63 593.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 273.01 593.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 293.30 593.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 314.14 593.25 Td (from ) Tj ET Q q 0 0 0 rg BT 336.10 593.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 382.77 593.25 Td (or ) Tj ET Q q 0 0 0 rg BT 393.62 593.25 Td (that ) Tj ET Q q 0 0 0 rg BT 411.13 593.25 Td (future ) Tj ET Q q 0 0 0 rg BT 437.53 593.25 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 485.59 593.25 Td (will ) Tj ET Q q 0 0 0 rg BT 503.67 593.25 Td (be ) Tj ET Q q 0 0 0 rg BT 515.62 593.25 Td (available ) Tj ET Q q 0 0 0 rg BT 554.23 593.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 581.25 Td (us ) Tj ET Q q 0 0 0 rg BT 60.34 581.25 Td (under ) Tj ET Q q 0 0 0 rg BT 84.55 581.25 Td (our ) Tj ET Q q 0 0 0 rg BT 99.33 581.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 123.54 581.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 159.42 581.25 Td (or ) Tj ET Q q 0 0 0 rg BT 169.19 581.25 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 212.02 581.25 Td (in ) Tj ET Q q 0 0 0 rg BT 221.24 581.25 Td (an ) Tj ET Q q 0 0 0 rg BT 232.13 581.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 263.57 581.25 Td (suf) Tj ET Q q 0 0 0 rg BT 275.61 581.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 302.60 581.25 Td (to ) Tj ET Q q 0 0 0 rg BT 311.82 581.25 Td (enable ) Tj ET Q q 0 0 0 rg BT 339.36 581.25 Td (us ) Tj ET Q q 0 0 0 rg BT 349.70 581.25 Td (to ) Tj ET Q q 0 0 0 rg BT 358.93 581.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 379.81 581.25 Td (our ) Tj ET Q q 0 0 0 rg BT 394.59 581.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 430.47 581.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 476.36 581.25 Td (under ) Tj ET Q q 0 0 0 rg BT 500.57 581.25 Td (our ) Tj ET Q q 0 0 0 rg BT 515.35 581.25 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 569.25 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 104.09 569.25 Td (and ) Tj ET Q q 0 0 0 rg BT 120.97 569.25 Td (to ) Tj ET Q q 0 0 0 rg BT 131.19 569.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 151.96 569.25 Td (other ) Tj ET Q q 0 0 0 rg BT 174.94 569.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 211.27 569.25 Td (needs. ) Tj ET Q q 0 0 0 rg BT 238.98 569.25 Td (If ) Tj ET Q q 0 0 0 rg BT 248.08 569.25 Td (we ) Tj ET Q q 0 0 0 rg BT 262.18 569.25 Td (are ) Tj ET Q q 0 0 0 rg BT 276.83 569.25 Td (not ) Tj ET Q q 0 0 0 rg BT 292.04 569.25 Td (able ) Tj ET Q q 0 0 0 rg BT 311.14 569.25 Td (to ) Tj ET Q q 0 0 0 rg BT 321.35 569.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 357.66 569.25 Td (suf) Tj ET Q q 0 0 0 rg BT 369.70 569.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 397.68 569.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 417.89 569.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 438.65 569.25 Td (to ) Tj ET Q q 0 0 0 rg BT 448.87 569.25 Td (service ) Tj ET Q q 0 0 0 rg BT 479.63 569.25 Td (our ) Tj ET Q q 0 0 0 rg BT 495.40 569.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 515.05 569.25 Td (obligations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 557.25 Td (we ) Tj ET Q q 0 0 0 rg BT 63.56 557.25 Td (may ) Tj ET Q q 0 0 0 rg BT 82.69 557.25 Td (need ) Tj ET Q q 0 0 0 rg BT 103.47 557.25 Td (to ) Tj ET Q q 0 0 0 rg BT 113.15 557.25 Td (refinance ) Tj ET Q q 0 0 0 rg BT 152.25 557.25 Td (or ) Tj ET Q q 0 0 0 rg BT 162.48 557.25 Td (restructure ) Tj ET Q q 0 0 0 rg BT 207.14 557.25 Td (our ) Tj ET Q q 0 0 0 rg BT 222.37 557.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 243.99 557.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 259.79 557.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 287.52 557.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 316.07 557.25 Td (or ) Tj ET Q q 0 0 0 rg BT 326.30 557.25 Td (delay ) Tj ET Q q 0 0 0 rg BT 349.86 557.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 378.42 557.25 Td (investments, ) Tj ET Q q 0 0 0 rg BT 430.60 557.25 Td (or ) Tj ET Q q 0 0 0 rg BT 440.83 557.25 Td (seek ) Tj ET Q q 0 0 0 rg BT 460.50 557.25 Td (to ) Tj ET Q q 0 0 0 rg BT 470.19 557.25 Td (raise ) Tj ET Q q 0 0 0 rg BT 490.97 557.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 532.86 557.25 Td (capital. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 545.25 Td (If ) Tj ET Q q 0 0 0 rg BT 59.28 545.25 Td (we ) Tj ET Q q 0 0 0 rg BT 73.56 545.25 Td (are ) Tj ET Q q 0 0 0 rg BT 88.38 545.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 117.66 545.25 Td (to ) Tj ET Q q 0 0 0 rg BT 128.05 545.25 Td (implement ) Tj ET Q q 0 0 0 rg BT 173.44 545.25 Td (one ) Tj ET Q q 0 0 0 rg BT 190.50 545.25 Td (or ) Tj ET Q q 0 0 0 rg BT 201.45 545.25 Td (more ) Tj ET Q q 0 0 0 rg BT 224.61 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 235.56 545.25 Td (these ) Tj ET Q q 0 0 0 rg BT 258.73 545.25 Td (alternatives, ) Tj ET Q q 0 0 0 rg BT 309.93 545.25 Td (we ) Tj ET Q q 0 0 0 rg BT 324.21 545.25 Td (may ) Tj ET Q q 0 0 0 rg BT 344.05 545.25 Td (not ) Tj ET Q q 0 0 0 rg BT 359.45 545.25 Td (be ) Tj ET Q q 0 0 0 rg BT 371.50 545.25 Td (able ) Tj ET Q q 0 0 0 rg BT 390.78 545.25 Td (to ) Tj ET Q q 0 0 0 rg BT 401.17 545.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 423.23 545.25 Td (our ) Tj ET Q q 0 0 0 rg BT 439.17 545.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 476.23 545.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 523.29 545.25 Td (under ) Tj ET Q q 0 0 0 rg BT 548.68 545.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 533.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 99.17 533.25 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 155.82 533.25 Td (which ) Tj ET Q q 0 0 0 rg BT 182.76 533.25 Td (could ) Tj ET Q q 0 0 0 rg BT 207.48 533.25 Td (have ) Tj ET Q q 0 0 0 rg BT 228.85 533.25 Td (a ) Tj ET Q q 0 0 0 rg BT 235.79 533.25 Td (material ) Tj ET Q q 0 0 0 rg BT 271.05 533.25 Td (and ) Tj ET Q q 0 0 0 rg BT 287.99 533.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 321.03 533.25 Td (ef) Tj ET Q q 0 0 0 rg BT 328.61 533.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 346.10 533.25 Td (on ) Tj ET Q q 0 0 0 rg BT 358.60 533.25 Td (our ) Tj ET Q q 0 0 0 rg BT 374.43 533.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 411.91 533.25 Td (condition.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 515.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 78.13 515.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 103.90 515.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 141.34 515.25 Td (and ) Tj ET Q q 0 0 0 rg BT 159.35 515.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.58 515.25 Td (indentures ) Tj ET Q q 0 0 0 rg BT 220.93 515.25 Td (for ) Tj ET Q q 0 0 0 rg BT 235.60 515.25 Td (our ) Tj ET Q q 0 0 0 rg BT 252.51 515.25 Td (other ) Tj ET Q q 0 0 0 rg BT 276.63 515.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 318.52 515.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 338.18 515.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 371.75 515.25 Td (covenant ) Tj ET Q q 0 0 0 rg BT 411.42 515.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 459.99 515.25 Td (that ) Tj ET Q q 0 0 0 rg BT 478.56 515.25 Td (may ) Tj ET Q q 0 0 0 rg BT 498.22 515.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 519.56 515.25 Td (our ) Tj ET Q q 0 0 0 rg BT 536.47 515.25 Td (ability ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 503.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 503.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 93.33 503.25 Td (our ) Tj ET Q q 0 0 0 rg BT 110.28 503.25 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 485.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 77.26 485.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 102.72 485.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 139.86 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 157.00 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.92 485.25 Td (indentures ) Tj ET Q q 0 0 0 rg BT 216.28 485.25 Td (for ) Tj ET Q q 0 0 0 rg BT 230.64 485.25 Td (our ) Tj ET Q q 0 0 0 rg BT 246.68 485.25 Td (other ) Tj ET Q q 0 0 0 rg BT 269.93 485.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 310.39 485.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 330.31 485.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 362.45 485.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 402.91 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 420.06 485.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 457.74 485.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 504.88 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 522.02 485.25 Td (covenants ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 473.25 Td (that ) Tj ET Q q 0 0 0 rg BT 66.94 473.25 Td (impose ) Tj ET Q q 0 0 0 rg BT 97.76 473.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 137.47 473.25 Td (and ) Tj ET Q q 0 0 0 rg BT 153.85 473.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 190.77 473.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 237.14 473.25 Td (on ) Tj ET Q q 0 0 0 rg BT 249.08 473.25 Td (us ) Tj ET Q q 0 0 0 rg BT 259.92 473.25 Td (and ) Tj ET Q q 0 0 0 rg BT 276.30 473.25 Td (require ) Tj ET Q q 0 0 0 rg BT 306.55 473.25 Td (us ) Tj ET Q q 0 0 0 rg BT 317.39 473.25 Td (to ) Tj ET Q q 0 0 0 rg BT 327.10 473.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 348.48 473.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 377.62 473.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 414.54 473.25 Td (tests. ) Tj ET Q q 0 0 0 rg BT 436.76 473.25 Td (Complying ) Tj ET Q q 0 0 0 rg BT 483.71 473.25 Td (with ) Tj ET Q q 0 0 0 rg BT 503.43 473.25 Td (these ) Tj ET Q q 0 0 0 rg BT 525.92 473.25 Td (covenant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 461.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 96.20 461.25 Td (may ) Tj ET Q q 0 0 0 rg BT 115.18 461.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 135.84 461.25 Td (our ) Tj ET Q q 0 0 0 rg BT 150.93 461.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 178.25 461.25 Td (to ) Tj ET Q q 0 0 0 rg BT 187.79 461.25 Td (engage ) Tj ET Q q 0 0 0 rg BT 217.87 461.25 Td (in ) Tj ET Q q 0 0 0 rg BT 227.42 461.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 256.38 461.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 305.91 461.25 Td (or ) Tj ET Q q 0 0 0 rg BT 316.01 461.25 Td (activities, ) Tj ET Q q 0 0 0 rg BT 356.37 461.25 Td (including ) Tj ET Q q 0 0 0 rg BT 395.91 461.25 Td (incurring ) Tj ET Q q 0 0 0 rg BT 434.33 461.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 476.09 461.25 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 532.01 461.25 Td (making ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 449.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 79.70 449.25 Td (investments, ) Tj ET Q q 0 0 0 rg BT 132.48 449.25 Td (and ) Tj ET Q q 0 0 0 rg BT 149.41 449.25 Td (distributions, ) Tj ET Q q 0 0 0 rg BT 204.42 449.25 Td (and ) Tj ET Q q 0 0 0 rg BT 221.36 449.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 250.52 449.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 280.22 449.25 Td (assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 431.25 Td (As ) Tj ET Q q 0 0 0 rg BT 72.67 431.25 Td (a ) Tj ET Q q 0 0 0 rg BT 79.67 431.25 Td (result ) Tj ET Q q 0 0 0 rg BT 104.44 431.25 Td (of ) Tj ET Q q 0 0 0 rg BT 115.33 431.25 Td (these ) Tj ET Q q 0 0 0 rg BT 138.44 431.25 Td (covenant ) Tj ET Q q 0 0 0 rg BT 177.09 431.25 Td (restrictions, ) Tj ET Q q 0 0 0 rg BT 226.58 431.25 Td (our ) Tj ET Q q 0 0 0 rg BT 242.47 431.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 270.58 431.25 Td (to ) Tj ET Q q 0 0 0 rg BT 280.92 431.25 Td (respond ) Tj ET Q q 0 0 0 rg BT 315.14 431.25 Td (to ) Tj ET Q q 0 0 0 rg BT 325.47 431.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 360.24 431.25 Td (in ) Tj ET Q q 0 0 0 rg BT 370.58 431.25 Td (business ) Tj ET Q q 0 0 0 rg BT 407.03 431.25 Td (and ) Tj ET Q q 0 0 0 rg BT 424.02 431.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 465.46 431.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 509.68 431.25 Td (and ) Tj ET Q q 0 0 0 rg BT 526.68 431.25 Td (to ) Tj ET Q q 0 0 0 rg BT 537.01 431.25 Td (obtain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 92.63 419.25 Td (financing, ) Tj ET Q q 0 0 0 rg BT 135.53 419.25 Td (if ) Tj ET Q q 0 0 0 rg BT 144.27 419.25 Td (needed, ) Tj ET Q q 0 0 0 rg BT 177.72 419.25 Td (may ) Tj ET Q q 0 0 0 rg BT 197.57 419.25 Td (be ) Tj ET Q q 0 0 0 rg BT 209.65 419.25 Td (restricted, ) Tj ET Q q 0 0 0 rg BT 251.99 419.25 Td (and ) Tj ET Q q 0 0 0 rg BT 269.06 419.25 Td (we ) Tj ET Q q 0 0 0 rg BT 283.36 419.25 Td (may ) Tj ET Q q 0 0 0 rg BT 303.21 419.25 Td (be ) Tj ET Q q 0 0 0 rg BT 315.28 419.25 Td (prevented ) Tj ET Q q 0 0 0 rg BT 357.34 419.25 Td (from ) Tj ET Q q 0 0 0 rg BT 379.42 419.25 Td (engaging ) Tj ET Q q 0 0 0 rg BT 418.71 419.25 Td (in ) Tj ET Q q 0 0 0 rg BT 429.12 419.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 479.52 419.25 Td (that ) Tj ET Q q 0 0 0 rg BT 497.15 419.25 Td (might ) Tj ET Q q 0 0 0 rg BT 523.12 419.25 Td (otherwise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.25 Td (be ) Tj ET Q q 0 0 0 rg BT 61.94 407.25 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 103.86 407.25 Td (to ) Tj ET Q q 0 0 0 rg BT 114.14 407.25 Td (us. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 389.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 76.51 389.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 104.03 389.25 Td (to ) Tj ET Q q 0 0 0 rg BT 113.77 389.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 145.73 389.25 Td (with ) Tj ET Q q 0 0 0 rg BT 165.47 389.25 Td (these ) Tj ET Q q 0 0 0 rg BT 187.98 389.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 229.93 389.25 Td (is ) Tj ET Q q 0 0 0 rg BT 238.56 389.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 281.62 389.25 Td (on ) Tj ET Q q 0 0 0 rg BT 293.58 389.25 Td (our ) Tj ET Q q 0 0 0 rg BT 308.87 389.25 Td (future ) Tj ET Q q 0 0 0 rg BT 334.71 389.25 Td (performance, ) Tj ET Q q 0 0 0 rg BT 389.70 389.25 Td (which ) Tj ET Q q 0 0 0 rg BT 416.10 389.25 Td (will ) Tj ET Q q 0 0 0 rg BT 433.62 389.25 Td (be ) Tj ET Q q 0 0 0 rg BT 445.02 389.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 475.31 389.25 Td (to ) Tj ET Q q 0 0 0 rg BT 485.05 389.25 Td (many ) Tj ET Q q 0 0 0 rg BT 509.23 389.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 540.90 389.25 Td (some ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 377.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.22 377.25 Td (which ) Tj ET Q q 0 0 0 rg BT 86.56 377.25 Td (are ) Tj ET Q q 0 0 0 rg BT 100.66 377.25 Td (beyond ) Tj ET Q q 0 0 0 rg BT 131.99 377.25 Td (our ) Tj ET Q q 0 0 0 rg BT 147.21 377.25 Td (control, ) Tj ET Q q 0 0 0 rg BT 179.93 377.25 Td (including ) Tj ET Q q 0 0 0 rg BT 219.60 377.25 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 262.03 377.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 302.80 377.25 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 348.86 377.25 Td (In ) Tj ET Q q 0 0 0 rg BT 359.08 377.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 396.25 377.25 Td (the ) Tj ET Q q 0 0 0 rg BT 410.36 377.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 438.35 377.25 Td (to ) Tj ET Q q 0 0 0 rg BT 448.02 377.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 479.91 377.25 Td (with ) Tj ET Q q 0 0 0 rg BT 499.58 377.25 Td (these ) Tj ET Q q 0 0 0 rg BT 522.02 377.25 Td (covenants ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.25 Td (may ) Tj ET Q q 0 0 0 rg BT 69.94 365.25 Td (result ) Tj ET Q q 0 0 0 rg BT 94.89 365.25 Td (in ) Tj ET Q q 0 0 0 rg BT 105.39 365.25 Td (a ) Tj ET Q q 0 0 0 rg BT 112.56 365.25 Td (default ) Tj ET Q q 0 0 0 rg BT 143.05 365.25 Td (under ) Tj ET Q q 0 0 0 rg BT 168.54 365.25 Td (our ) Tj ET Q q 0 0 0 rg BT 184.60 365.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 210.09 365.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 247.25 365.25 Td (and ) Tj ET Q q 0 0 0 rg BT 264.41 365.25 Td (other ) Tj ET Q q 0 0 0 rg BT 287.69 365.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 328.17 365.25 Td (debt. ) Tj ET Q q 0 0 0 rg BT 350.61 365.25 Td (Upon ) Tj ET Q q 0 0 0 rg BT 375.56 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 390.51 365.25 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 437.08 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 448.14 365.25 Td (such ) Tj ET Q q 0 0 0 rg BT 469.20 365.25 Td (an ) Tj ET Q q 0 0 0 rg BT 481.36 365.25 Td (event ) Tj ET Q q 0 0 0 rg BT 505.75 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 516.80 365.25 Td (default, ) Tj ET Q q 0 0 0 rg BT 549.79 365.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.25 Td (lenders ) Tj ET Q q 0 0 0 rg BT 81.05 353.25 Td (under ) Tj ET Q q 0 0 0 rg BT 105.99 353.25 Td (our ) Tj ET Q q 0 0 0 rg BT 121.50 353.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 146.44 353.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 183.04 353.25 Td (could ) Tj ET Q q 0 0 0 rg BT 207.43 353.25 Td (elect ) Tj ET Q q 0 0 0 rg BT 228.48 353.25 Td (to ) Tj ET Q q 0 0 0 rg BT 238.43 353.25 Td (declare ) Tj ET Q q 0 0 0 rg BT 269.47 353.25 Td (all ) Tj ET Q q 0 0 0 rg BT 281.64 353.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 317.70 353.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 366.54 353.25 Td (under ) Tj ET Q q 0 0 0 rg BT 391.48 353.25 Td (such ) Tj ET Q q 0 0 0 rg BT 411.98 353.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 436.92 353.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 476.02 353.25 Td (together ) Tj ET Q q 0 0 0 rg BT 510.96 353.25 Td (with ) Tj ET Q q 0 0 0 rg BT 530.92 353.25 Td (accrued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.25 Td (interest, ) Tj ET Q q 0 0 0 rg BT 84.46 341.25 Td (to ) Tj ET Q q 0 0 0 rg BT 94.77 341.25 Td (be ) Tj ET Q q 0 0 0 rg BT 106.74 341.25 Td (immediately ) Tj ET Q q 0 0 0 rg BT 159.25 341.25 Td (due ) Tj ET Q q 0 0 0 rg BT 176.22 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.19 341.25 Td (payable. ) Tj ET Q q 0 0 0 rg BT 229.31 341.25 Td (If ) Tj ET Q q 0 0 0 rg BT 238.50 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 253.25 341.25 Td (lenders ) Tj ET Q q 0 0 0 rg BT 284.65 341.25 Td (accelerate ) Tj ET Q q 0 0 0 rg BT 327.14 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.88 341.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 378.85 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 389.71 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 404.45 341.25 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 458.64 341.25 Td (under ) Tj ET Q q 0 0 0 rg BT 483.94 341.25 Td (our ) Tj ET Q q 0 0 0 rg BT 499.79 341.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 525.09 341.25 Td (facilities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.25 Td (we ) Tj ET Q q 0 0 0 rg BT 64.72 329.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 94.44 329.25 Td (assure ) Tj ET Q q 0 0 0 rg BT 122.49 329.25 Td (you ) Tj ET Q q 0 0 0 rg BT 140.55 329.25 Td (that ) Tj ET Q q 0 0 0 rg BT 158.60 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.88 329.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 200.27 329.25 Td (securing ) Tj ET Q q 0 0 0 rg BT 237.21 329.25 Td (such ) Tj ET Q q 0 0 0 rg BT 258.60 329.25 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 313.32 329.25 Td (would ) Tj ET Q q 0 0 0 rg BT 341.38 329.25 Td (be ) Tj ET Q q 0 0 0 rg BT 353.88 329.25 Td (suf) Tj ET Q q 0 0 0 rg BT 365.92 329.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 394.52 329.25 Td (to ) Tj ET Q q 0 0 0 rg BT 405.36 329.25 Td (repay ) Tj ET Q q 0 0 0 rg BT 430.63 329.25 Td (in ) Tj ET Q q 0 0 0 rg BT 441.46 329.25 Td (full ) Tj ET Q q 0 0 0 rg BT 458.41 329.25 Td (that ) Tj ET Q q 0 0 0 rg BT 476.47 329.25 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 531.18 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 548.68 329.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.25 Td (other ) Tj ET Q q 0 0 0 rg BT 73.05 317.25 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 129.70 317.25 Td (which ) Tj ET Q q 0 0 0 rg BT 156.64 317.25 Td (could ) Tj ET Q q 0 0 0 rg BT 181.36 317.25 Td (have ) Tj ET Q q 0 0 0 rg BT 202.73 317.25 Td (a ) Tj ET Q q 0 0 0 rg BT 209.67 317.25 Td (material ) Tj ET Q q 0 0 0 rg BT 244.93 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 261.87 317.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 294.91 317.25 Td (ef) Tj ET Q q 0 0 0 rg BT 302.50 317.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 319.98 317.25 Td (on ) Tj ET Q q 0 0 0 rg BT 332.48 317.25 Td (our ) Tj ET Q q 0 0 0 rg BT 348.31 317.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 385.79 317.25 Td (condition.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 299.25 Td (Development ) Tj ET Q q 0 0 0 rg BT 115.37 299.25 Td (and ) Tj ET Q q 0 0 0 rg BT 133.43 299.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 187.61 299.25 Td (of ) Tj ET Q q 0 0 0 rg BT 198.44 299.25 Td (new ) Tj ET Q q 0 0 0 rg BT 217.61 299.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 252.33 299.25 Td (and ) Tj ET Q q 0 0 0 rg BT 270.39 299.25 Td (expansions ) Tj ET Q q 0 0 0 rg BT 319.01 299.25 Td (may ) Tj ET Q q 0 0 0 rg BT 338.73 299.25 Td (not ) Tj ET Q q 0 0 0 rg BT 354.57 299.25 Td (commence ) Tj ET Q q 0 0 0 rg BT 400.94 299.25 Td (as ) Tj ET Q q 0 0 0 rg BT 412.33 299.25 Td (anticipated, ) Tj ET Q q 0 0 0 rg BT 462.89 299.25 Td (or ) Tj ET Q q 0 0 0 rg BT 474.28 299.25 Td (at ) Tj ET Q q 0 0 0 rg BT 484.56 299.25 Td (all. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 282.25 Td (Development ) Tj ET Q q 0 0 0 rg BT 115.37 282.25 Td (and ) Tj ET Q q 0 0 0 rg BT 132.31 282.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 184.24 282.25 Td (involves ) Tj ET Q q 0 0 0 rg BT 220.63 282.25 Td (many ) Tj ET Q q 0 0 0 rg BT 245.35 282.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 266.74 282.25 Td (including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 270.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 270.25 Td (dif) Tj ET Q q 0 0 0 rg BT 78.93 270.25 Td (ficulties ) Tj ET Q q 0 0 0 rg BT 113.64 270.25 Td (in ) Tj ET Q q 0 0 0 rg BT 123.92 270.25 Td (identifying, ) Tj ET Q q 0 0 0 rg BT 172.80 270.25 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 213.07 270.25 Td (and ) Tj ET Q q 0 0 0 rg BT 230.01 270.25 Td (permitting ) Tj ET Q q 0 0 0 rg BT 274.17 270.25 Td (suitable ) Tj ET Q q 0 0 0 rg BT 307.78 270.25 Td (sites ) Tj ET Q q 0 0 0 rg BT 328.05 270.25 Td (for ) Tj ET Q q 0 0 0 rg BT 342.21 270.25 Td (new ) Tj ET Q q 0 0 0 rg BT 361.37 270.25 Td (projects;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 258.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 258.25 Td (the ) Tj ET Q q 0 0 0 rg BT 82.72 258.25 Td (inaccuracy ) Tj ET Q q 0 0 0 rg BT 128.52 258.25 Td (of ) Tj ET Q q 0 0 0 rg BT 139.35 258.25 Td (our ) Tj ET Q q 0 0 0 rg BT 155.18 258.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 207.13 258.25 Td (with ) Tj ET Q q 0 0 0 rg BT 227.40 258.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 258.22 258.25 Td (to ) Tj ET Q q 0 0 0 rg BT 268.50 258.25 Td (the ) Tj ET Q q 0 0 0 rg BT 283.21 258.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 301.82 258.25 Td (of ) Tj ET Q q 0 0 0 rg BT 312.65 258.25 Td (and ) Tj ET Q q 0 0 0 rg BT 329.59 258.25 Td (schedule ) Tj ET Q q 0 0 0 rg BT 367.08 258.25 Td (for ) Tj ET Q q 0 0 0 rg BT 381.24 258.25 Td (completing ) Tj ET Q q 0 0 0 rg BT 428.73 258.25 Td (construction;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 246.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 246.25 Td (dif) Tj ET Q q 0 0 0 rg BT 78.93 246.25 Td (ficulty) Tj ET Q q 0 0 0 rg BT 104.38 246.25 Td (, ) Tj ET Q q 0 0 0 rg BT 109.38 246.25 Td (delays ) Tj ET Q q 0 0 0 rg BT 137.43 246.25 Td (or ) Tj ET Q q 0 0 0 rg BT 148.26 246.25 Td (inability ) Tj ET Q q 0 0 0 rg BT 184.09 246.25 Td (to ) Tj ET Q q 0 0 0 rg BT 194.37 246.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 221.86 246.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 262.13 246.25 Td (for ) Tj ET Q q 0 0 0 rg BT 276.29 246.25 Td (a ) Tj ET Q q 0 0 0 rg BT 283.22 246.25 Td (project ) Tj ET Q q 0 0 0 rg BT 313.49 246.25 Td (on ) Tj ET Q q 0 0 0 rg BT 325.99 246.25 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 370.68 246.25 Td (terms;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 234.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 234.25 Td (delays ) Tj ET Q q 0 0 0 rg BT 96.05 234.25 Td (in ) Tj ET Q q 0 0 0 rg BT 106.33 234.25 Td (deliveries ) Tj ET Q q 0 0 0 rg BT 147.70 234.25 Td (of, ) Tj ET Q q 0 0 0 rg BT 161.03 234.25 Td (or ) Tj ET Q q 0 0 0 rg BT 171.86 234.25 Td (increases ) Tj ET Q q 0 0 0 rg BT 211.00 234.25 Td (in ) Tj ET Q q 0 0 0 rg BT 221.28 234.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.00 234.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 262.38 234.25 Td (of, ) Tj ET Q q 0 0 0 rg BT 275.71 234.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 320.42 234.25 Td (sourced ) Tj ET Q q 0 0 0 rg BT 354.02 234.25 Td (from ) Tj ET Q q 0 0 0 rg BT 375.95 234.25 Td (other ) Tj ET Q q 0 0 0 rg BT 399.00 234.25 Td (countries;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 222.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 222.25 Td (the ) Tj ET Q q 0 0 0 rg BT 82.72 222.25 Td (unavailability ) Tj ET Q q 0 0 0 rg BT 140.20 222.25 Td (of ) Tj ET Q q 0 0 0 rg BT 151.03 222.25 Td (suf) Tj ET Q q 0 0 0 rg BT 163.07 222.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 191.12 222.25 Td (quantities ) Tj ET Q q 0 0 0 rg BT 232.50 222.25 Td (of ) Tj ET Q q 0 0 0 rg BT 243.33 222.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 268.60 222.25 Td (or ) Tj ET Q q 0 0 0 rg BT 279.43 222.25 Td (other ) Tj ET Q q 0 0 0 rg BT 302.47 222.25 Td (fuels ) Tj ET Q q 0 0 0 rg BT 324.41 222.25 Td (for ) Tj ET Q q 0 0 0 rg BT 338.57 222.25 Td (startup;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 210.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 210.25 Td (permitting ) Tj ET Q q 0 0 0 rg BT 112.16 210.25 Td (and ) Tj ET Q q 0 0 0 rg BT 129.10 210.25 Td (other ) Tj ET Q q 0 0 0 rg BT 152.15 210.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 195.74 210.25 Td (issues, ) Tj ET Q q 0 0 0 rg BT 224.63 210.25 Td (license ) Tj ET Q q 0 0 0 rg BT 254.89 210.25 Td (revocation ) Tj ET Q q 0 0 0 rg BT 299.60 210.25 Td (and ) Tj ET Q q 0 0 0 rg BT 316.54 210.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 351.24 210.25 Td (in ) Tj ET Q q 0 0 0 rg BT 361.52 210.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 383.45 210.25 Td (requirements;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 198.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 198.25 Td (labor ) Tj ET Q q 0 0 0 rg BT 91.05 198.25 Td (disputes ) Tj ET Q q 0 0 0 rg BT 126.33 198.25 Td (and ) Tj ET Q q 0 0 0 rg BT 143.26 198.25 Td (work ) Tj ET Q q 0 0 0 rg BT 166.32 198.25 Td (stoppages;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 186.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 186.25 Td (unforeseen ) Tj ET Q q 0 0 0 rg BT 114.37 186.25 Td (engineering ) Tj ET Q q 0 0 0 rg BT 164.07 186.25 Td (and ) Tj ET Q q 0 0 0 rg BT 181.01 186.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 241.27 186.25 Td (problems;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 174.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 174.25 Td (interruption ) Tj ET Q q 0 0 0 rg BT 117.71 174.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.54 174.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 162.71 174.25 Td (operations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 162.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 162.25 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 124.37 162.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 142.98 162.25 Td (overruns ) Tj ET Q q 0 0 0 rg BT 180.47 162.25 Td (or ) Tj ET Q q 0 0 0 rg BT 191.30 162.25 Td (delays; ) Tj ET Q q 0 0 0 rg BT 222.12 162.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 150.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 150.25 Td (weather ) Tj ET Q q 0 0 0 rg BT 103.51 150.25 Td (interferences ) Tj ET Q q 0 0 0 rg BT 159.01 150.25 Td (and ) Tj ET Q q 0 0 0 rg BT 177.32 150.25 Td (catastrophic ) Tj ET Q q 0 0 0 rg BT 229.49 150.25 Td (events ) Tj ET Q q 0 0 0 rg BT 258.91 150.25 Td (including ) Tj ET Q q 0 0 0 rg BT 300.55 150.25 Td (fires, ) Tj ET Q q 0 0 0 rg BT 324.68 150.25 Td (explosions, ) Tj ET Q q 0 0 0 rg BT 373.83 150.25 Td (earthquakes, ) Tj ET Q q 0 0 0 rg BT 427.95 150.25 Td (droughts, ) Tj ET Q q 0 0 0 rg BT 469.32 150.25 Td (pandemics ) Tj ET Q q 0 0 0 rg BT 515.95 150.25 Td (and ) Tj ET Q q 0 0 0 rg BT 534.25 150.25 Td (acts ) Tj ET Q q 0 0 0 rg BT 553.67 150.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 138.25 Td (terrorism.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 121.25 Td (In ) Tj ET Q q 0 0 0 rg BT 70.43 121.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 108.80 121.25 Td (new ) Tj ET Q q 0 0 0 rg BT 128.57 121.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 166.09 121.25 Td (have ) Tj ET Q q 0 0 0 rg BT 188.07 121.25 Td (no ) Tj ET Q q 0 0 0 rg BT 201.17 121.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 242.04 121.25 Td (history ) Tj ET Q q 0 0 0 rg BT 272.92 121.25 Td (and ) Tj ET Q q 0 0 0 rg BT 290.46 121.25 Td (may ) Tj ET Q q 0 0 0 rg BT 310.77 121.25 Td (employ ) Tj ET Q q 0 0 0 rg BT 343.87 121.25 Td (recently ) Tj ET Q q 0 0 0 rg BT 379.17 121.25 Td (developed ) Tj ET Q q 0 0 0 rg BT 423.37 121.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 470.90 121.25 Td (and ) Tj ET Q q 0 0 0 rg BT 488.44 121.25 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 535.57 121.25 Td (A) Tj ET Q q 0 0 0 rg BT 542.24 121.25 Td ( ) Tj ET Q q 0 0 0 rg BT 545.34 121.25 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 80.33 109.25 Td (may ) Tj ET Q q 0 0 0 rg BT 99.55 109.25 Td (be ) Tj ET Q q 0 0 0 rg BT 110.99 109.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 139.65 109.25 Td (to ) Tj ET Q q 0 0 0 rg BT 149.44 109.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 169.77 109.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 207.32 109.25 Td (and ) Tj ET Q q 0 0 0 rg BT 223.77 109.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 255.21 109.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 295.54 109.25 Td (under ) Tj ET Q q 0 0 0 rg BT 320.31 109.25 Td (its ) Tj ET Q q 0 0 0 rg BT 331.77 109.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 350.99 109.25 Td (service ) Tj ET Q q 0 0 0 rg BT 381.31 109.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 427.76 109.25 Td (or ) Tj ET Q q 0 0 0 rg BT 438.09 109.25 Td (may ) Tj ET Q q 0 0 0 rg BT 457.32 109.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 488.75 109.25 Td (at ) Tj ET Q q 0 0 0 rg BT 497.97 109.25 Td (a ) Tj ET Q q 0 0 0 rg BT 504.41 109.25 Td (loss. ) Tj ET Q q 0 0 0 rg BT 524.48 109.25 Td (In ) Tj ET Q q 0 0 0 rg BT 534.82 109.25 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.25 Td (situations, ) Tj ET Q q 0 0 0 rg BT 92.26 97.25 Td (if ) Tj ET Q q 0 0 0 rg BT 99.80 97.25 Td (a ) Tj ET Q q 0 0 0 rg BT 105.67 97.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 135.42 97.25 Td (fails ) Tj ET Q q 0 0 0 rg BT 154.07 97.25 Td (to ) Tj ET Q q 0 0 0 rg BT 163.28 97.25 Td (achieve ) Tj ET Q q 0 0 0 rg BT 195.24 97.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 243.86 97.25 Td (operation, ) Tj ET Q q 0 0 0 rg BT 285.56 97.25 Td (at ) Tj ET Q q 0 0 0 rg BT 294.20 97.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 322.84 97.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 347.59 97.25 Td (or ) Tj ET Q q 0 0 0 rg BT 357.35 97.25 Td (at ) Tj ET Q q 0 0 0 rg BT 366.00 97.25 Td (all, ) Tj ET Q q 0 0 0 rg BT 379.92 97.25 Td (termination ) Tj ET Q q 0 0 0 rg BT 427.45 97.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 451.66 97.25 Td (in ) Tj ET Q q 0 0 0 rg BT 460.87 97.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.51 97.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 521.47 97.25 Td (governing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.65 85.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 101.50 85.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 141.69 85.25 Td (may ) Tj ET Q q 0 0 0 rg BT 161.34 85.25 Td (be ) Tj ET Q q 0 0 0 rg BT 173.21 85.25 Td (triggered, ) Tj ET Q q 0 0 0 rg BT 214.23 85.25 Td (rendering ) Tj ET Q q 0 0 0 rg BT 254.97 85.25 Td (all ) Tj ET Q q 0 0 0 rg BT 267.39 85.25 Td (of ) Tj ET Q q 0 0 0 rg BT 278.15 85.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.80 85.25 Td (facility) Tj ET Q q 0 0 0 rg BT 323.90 85.25 Td (s ) Tj ET Q q 0 0 0 rg BT 330.22 85.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 349.86 85.25 Td (immediately ) Tj ET Q q 0 0 0 rg BT 402.27 85.25 Td (due ) Tj ET Q q 0 0 0 rg BT 419.14 85.25 Td (and ) Tj ET Q q 0 0 0 rg BT 436.01 85.25 Td (payable. ) Tj ET Q q 0 0 0 rg BT 471.49 85.25 Td (As ) Tj ET Q q 0 0 0 rg BT 485.04 85.25 Td (a ) Tj ET Q q 0 0 0 rg BT 491.90 85.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 519.05 85.25 Td (the ) Tj ET Q q 0 0 0 rg BT 533.69 85.25 Td (facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.25 Td (may ) Tj ET Q q 0 0 0 rg BT 69.72 73.25 Td (be ) Tj ET Q q 0 0 0 rg BT 81.66 73.25 Td (rendered ) Tj ET Q q 0 0 0 rg BT 119.13 73.25 Td (insolvent ) Tj ET Q q 0 0 0 rg BT 158.30 73.25 Td (and ) Tj ET Q q 0 0 0 rg BT 175.23 73.25 Td (we ) Tj ET Q q 0 0 0 rg BT 189.39 73.25 Td (may ) Tj ET Q q 0 0 0 rg BT 209.11 73.25 Td (lose ) Tj ET Q q 0 0 0 rg BT 227.72 73.25 Td (our ) Tj ET Q q 0 0 0 rg BT 243.55 73.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 275.48 73.25 Td (in ) Tj ET Q q 0 0 0 rg BT 285.76 73.25 Td (the ) Tj ET Q q 0 0 0 rg BT 300.48 73.25 Td (facility) Tj ET Q q 0 0 0 rg BT 328.15 73.25 Td (.) Tj ET Q endstream endobj 51 0 obj <>] /Rotate 0 /Contents 52 0 R>> endobj 52 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (25) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 742.25 Td (Construction ) Tj ET Q q 0 0 0 rg BT 115.41 742.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 154.01 742.25 Td (may ) Tj ET Q q 0 0 0 rg BT 173.73 742.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 192.33 742.25 Td (more ) Tj ET Q q 0 0 0 rg BT 215.94 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 234.00 742.25 Td (take ) Tj ET Q q 0 0 0 rg BT 253.72 742.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 282.89 742.25 Td (than ) Tj ET Q q 0 0 0 rg BT 304.29 742.25 Td (we ) Tj ET Q q 0 0 0 rg BT 317.90 742.25 Td (estimate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 724.25 Td (The ) Tj ET Q q 0 0 0 rg BT 76.36 724.25 Td (design ) Tj ET Q q 0 0 0 rg BT 104.28 724.25 Td (and ) Tj ET Q q 0 0 0 rg BT 120.53 724.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 171.77 724.25 Td (of ) Tj ET Q q 0 0 0 rg BT 181.92 724.25 Td (new ) Tj ET Q q 0 0 0 rg BT 200.39 724.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 233.85 724.25 Td (or ) Tj ET Q q 0 0 0 rg BT 244.00 724.25 Td (expansions ) Tj ET Q q 0 0 0 rg BT 290.25 724.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 324.26 724.25 Td (us ) Tj ET Q q 0 0 0 rg BT 334.97 724.25 Td (to ) Tj ET Q q 0 0 0 rg BT 344.56 724.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 378.57 724.25 Td (for ) Tj ET Q q 0 0 0 rg BT 392.04 724.25 Td (services ) Tj ET Q q 0 0 0 rg BT 426.06 724.25 Td (from ) Tj ET Q q 0 0 0 rg BT 447.31 724.25 Td (engineering ) Tj ET Q q 0 0 0 rg BT 496.32 724.25 Td (and ) Tj ET Q q 0 0 0 rg BT 512.57 724.25 Td (construction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (firms, ) Tj ET Q q 0 0 0 rg BT 76.36 712.25 Td (and ) Tj ET Q q 0 0 0 rg BT 93.55 712.25 Td (make ) Tj ET Q q 0 0 0 rg BT 117.96 712.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 163.49 712.25 Td (purchases ) Tj ET Q q 0 0 0 rg BT 205.67 712.25 Td (of ) Tj ET Q q 0 0 0 rg BT 216.75 712.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 261.72 712.25 Td (such ) Tj ET Q q 0 0 0 rg BT 282.80 712.25 Td (as ) Tj ET Q q 0 0 0 rg BT 293.88 712.25 Td (boilers, ) Tj ET Q q 0 0 0 rg BT 326.35 712.25 Td (turbine ) Tj ET Q q 0 0 0 rg BT 357.43 712.25 Td (generators ) Tj ET Q q 0 0 0 rg BT 401.83 712.25 Td (and ) Tj ET Q q 0 0 0 rg BT 419.02 712.25 Td (other ) Tj ET Q q 0 0 0 rg BT 442.32 712.25 Td (components ) Tj ET Q q 0 0 0 rg BT 493.40 712.25 Td (that ) Tj ET Q q 0 0 0 rg BT 511.15 712.25 Td (require ) Tj ET Q q 0 0 0 rg BT 542.21 712.25 Td (lar) Tj ET Q q 0 0 0 rg BT 552.58 712.25 Td (ge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (quantities ) Tj ET Q q 0 0 0 rg BT 91.48 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 102.41 700.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 123.33 700.25 Td (to ) Tj ET Q q 0 0 0 rg BT 133.70 700.25 Td (fabricate. ) Tj ET Q q 0 0 0 rg BT 173.58 700.25 Td (These ) Tj ET Q q 0 0 0 rg BT 200.06 700.25 Td (are ) Tj ET Q q 0 0 0 rg BT 214.86 700.25 Td (complex ) Tj ET Q q 0 0 0 rg BT 251.89 700.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 286.14 700.25 Td (that ) Tj ET Q q 0 0 0 rg BT 303.73 700.25 Td (include ) Tj ET Q q 0 0 0 rg BT 335.76 700.25 Td (many ) Tj ET Q q 0 0 0 rg BT 360.58 700.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 390.38 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 407.42 700.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 451.68 700.25 Td (which ) Tj ET Q q 0 0 0 rg BT 478.71 700.25 Td (may ) Tj ET Q q 0 0 0 rg BT 498.53 700.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 539.44 700.25 Td (af) Tj ET Q q 0 0 0 rg BT 547.03 700.25 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.83 688.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 93.88 688.25 Td (to ) Tj ET Q q 0 0 0 rg BT 104.16 688.25 Td (successfully ) Tj ET Q q 0 0 0 rg BT 155.54 688.25 Td (compete ) Tj ET Q q 0 0 0 rg BT 191.91 688.25 Td (for ) Tj ET Q q 0 0 0 rg BT 206.07 688.25 Td (new ) Tj ET Q q 0 0 0 rg BT 225.23 688.25 Td (projects, ) Tj ET Q q 0 0 0 rg BT 261.88 688.25 Td (or ) Tj ET Q q 0 0 0 rg BT 272.71 688.25 Td (construct ) Tj ET Q q 0 0 0 rg BT 311.87 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 328.81 688.25 Td (complete ) Tj ET Q q 0 0 0 rg BT 367.96 688.25 Td (such ) Tj ET Q q 0 0 0 rg BT 388.79 688.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 422.94 688.25 Td (on ) Tj ET Q q 0 0 0 rg BT 435.44 688.25 Td (time ) Tj ET Q q 0 0 0 rg BT 455.72 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 472.66 688.25 Td (within ) Tj ET Q q 0 0 0 rg BT 500.71 688.25 Td (budget.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 670.25 Td (Changes ) Tj ET Q q 0 0 0 rg BT 97.62 670.25 Td (in ) Tj ET Q q 0 0 0 rg BT 108.46 670.25 Td (climate ) Tj ET Q q 0 0 0 rg BT 140.95 670.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 186.24 670.25 Td (could ) Tj ET Q q 0 0 0 rg BT 211.52 670.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 255.68 670.25 Td (af) Tj ET Q q 0 0 0 rg BT 263.83 670.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 281.31 670.25 Td (our ) Tj ET Q q 0 0 0 rg BT 298.27 670.25 Td (business ) Tj ET Q q 0 0 0 rg BT 335.78 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 353.84 670.25 Td (prospects.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 652.25 Td (Significant ) Tj ET Q q 0 0 0 rg BT 104.79 652.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 138.90 652.25 Td (in ) Tj ET Q q 0 0 0 rg BT 148.58 652.25 Td (weather ) Tj ET Q q 0 0 0 rg BT 182.13 652.25 Td (patterns ) Tj ET Q q 0 0 0 rg BT 215.68 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 232.03 652.25 Td (volatility ) Tj ET Q q 0 0 0 rg BT 270.04 652.25 Td (could ) Tj ET Q q 0 0 0 rg BT 294.16 652.25 Td (have ) Tj ET Q q 0 0 0 rg BT 314.94 652.25 Td (a ) Tj ET Q q 0 0 0 rg BT 321.28 652.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 357.06 652.25 Td (influence ) Tj ET Q q 0 0 0 rg BT 396.16 652.25 Td (on ) Tj ET Q q 0 0 0 rg BT 408.06 652.25 Td (our ) Tj ET Q q 0 0 0 rg BT 423.30 652.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 456.87 652.25 Td (business ) Tj ET Q q 0 0 0 rg BT 492.66 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 509.00 652.25 Td (our ) Tj ET Q q 0 0 0 rg BT 524.24 652.25 Td (prospects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (for ) Tj ET Q q 0 0 0 rg BT 63.58 640.25 Td (growing ) Tj ET Q q 0 0 0 rg BT 98.84 640.25 Td (our ) Tj ET Q q 0 0 0 rg BT 114.09 640.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 152.41 640.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 174.33 640.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 208.46 640.25 Td (may ) Tj ET Q q 0 0 0 rg BT 227.60 640.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 251.73 640.25 Td (episodic ) Tj ET Q q 0 0 0 rg BT 286.98 640.25 Td (events ) Tj ET Q q 0 0 0 rg BT 314.45 640.25 Td (\(such ) Tj ET Q q 0 0 0 rg BT 338.04 640.25 Td (as ) Tj ET Q q 0 0 0 rg BT 348.29 640.25 Td (floods ) Tj ET Q q 0 0 0 rg BT 375.21 640.25 Td (or ) Tj ET Q q 0 0 0 rg BT 385.47 640.25 Td (storms\) ) Tj ET Q q 0 0 0 rg BT 417.39 640.25 Td (that ) Tj ET Q q 0 0 0 rg BT 434.31 640.25 Td (are ) Tj ET Q q 0 0 0 rg BT 448.44 640.25 Td (dif) Tj ET Q q 0 0 0 rg BT 459.37 640.25 Td (ficult ) Tj ET Q q 0 0 0 rg BT 482.40 640.25 Td (to ) Tj ET Q q 0 0 0 rg BT 492.10 640.25 Td (predict ) Tj ET Q q 0 0 0 rg BT 521.79 640.25 Td (or ) Tj ET Q q 0 0 0 rg BT 532.04 640.25 Td (prepare ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (for) Tj ET Q q 0 0 0 rg BT 61.26 628.25 Td (, ) Tj ET Q q 0 0 0 rg BT 67.11 628.25 Td (or ) Tj ET Q q 0 0 0 rg BT 78.78 628.25 Td (longer) Tj ET Q q 0 0 0 rg BT 104.13 628.25 Td (-term ) Tj ET Q q 0 0 0 rg BT 129.13 628.25 Td (trends ) Tj ET Q q 0 0 0 rg BT 156.92 628.25 Td (\(such ) Tj ET Q q 0 0 0 rg BT 181.93 628.25 Td (as ) Tj ET Q q 0 0 0 rg BT 193.60 628.25 Td (droughts ) Tj ET Q q 0 0 0 rg BT 231.95 628.25 Td (or ) Tj ET Q q 0 0 0 rg BT 243.63 628.25 Td (sea-level ) Tj ET Q q 0 0 0 rg BT 282.51 628.25 Td (rise\). ) Tj ET Q q 0 0 0 rg BT 305.88 628.25 Td (These ) Tj ET Q q 0 0 0 rg BT 333.11 628.25 Td (or ) Tj ET Q q 0 0 0 rg BT 344.78 628.25 Td (other ) Tj ET Q q 0 0 0 rg BT 368.68 628.25 Td (meteorological ) Tj ET Q q 0 0 0 rg BT 432.00 628.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 467.55 628.25 Td (could ) Tj ET Q q 0 0 0 rg BT 493.12 628.25 Td (lead ) Tj ET Q q 0 0 0 rg BT 513.12 628.25 Td (to ) Tj ET Q q 0 0 0 rg BT 524.25 628.25 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.93 616.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 114.59 616.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 143.41 616.25 Td (expense, ) Tj ET Q q 0 0 0 rg BT 180.28 616.25 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 226.89 616.25 Td (in ) Tj ET Q q 0 0 0 rg BT 236.83 616.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 267.32 616.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 311.14 616.25 Td (or ) Tj ET Q q 0 0 0 rg BT 321.63 616.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 350.47 616.25 Td (chains, ) Tj ET Q q 0 0 0 rg BT 380.68 616.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 415.05 616.25 Td (in ) Tj ET Q q 0 0 0 rg BT 424.99 616.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 449.93 616.25 Td (generation ) Tj ET Q q 0 0 0 rg BT 494.29 616.25 Td (and ) Tj ET Q q 0 0 0 rg BT 510.90 616.25 Td (interruptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.08 604.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 85.15 604.25 Td (deliveries, ) Tj ET Q q 0 0 0 rg BT 128.82 604.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 159.45 604.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 206.74 604.25 Td (of ) Tj ET Q q 0 0 0 rg BT 217.37 604.25 Td (water ) Tj ET Q q 0 0 0 rg BT 241.88 604.25 Td (for ) Tj ET Q q 0 0 0 rg BT 255.84 604.25 Td (plant ) Tj ET Q q 0 0 0 rg BT 278.14 604.25 Td (cooling ) Tj ET Q q 0 0 0 rg BT 310.43 604.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 356.89 604.25 Td (and ) Tj ET Q q 0 0 0 rg BT 373.63 604.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 408.14 604.25 Td (in ) Tj ET Q q 0 0 0 rg BT 418.22 604.25 Td (ener) Tj ET Q q 0 0 0 rg BT 435.25 604.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 447.55 604.25 Td (pricing, ) Tj ET Q q 0 0 0 rg BT 480.67 604.25 Td (among ) Tj ET Q q 0 0 0 rg BT 510.19 604.25 Td (other ) Tj ET Q q 0 0 0 rg BT 533.04 604.25 Td (ef) Tj ET Q q 0 0 0 rg BT 540.63 604.25 Td (fects. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 586.25 Td (Dislocations ) Tj ET Q q 0 0 0 rg BT 112.89 586.25 Td (in ) Tj ET Q q 0 0 0 rg BT 124.00 586.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 150.09 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 168.42 586.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 198.96 586.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 234.51 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 252.84 586.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 295.04 586.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 325.59 586.25 Td (constraints ) Tj ET Q q 0 0 0 rg BT 373.93 586.25 Td (on ) Tj ET Q q 0 0 0 rg BT 387.26 586.25 Td (banks ) Tj ET Q q 0 0 0 rg BT 414.48 586.25 Td (may ) Tj ET Q q 0 0 0 rg BT 434.46 586.25 Td (make ) Tj ET Q q 0 0 0 rg BT 459.45 586.25 Td (it ) Tj ET Q q 0 0 0 rg BT 467.77 586.25 Td (more ) Tj ET Q q 0 0 0 rg BT 491.65 586.25 Td (dif) Tj ET Q q 0 0 0 rg BT 502.58 586.25 Td (ficult ) Tj ET Q q 0 0 0 rg BT 527.01 586.25 Td (for ) Tj ET Q q 0 0 0 rg BT 542.00 586.25 Td (us ) Tj ET Q q 0 0 0 rg BT 554.22 586.25 Td (to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (borrow ) Tj ET Q q 0 0 0 rg BT 82.38 574.25 Td (money ) Tj ET Q q 0 0 0 rg BT 112.53 574.25 Td (or ) Tj ET Q q 0 0 0 rg BT 124.35 574.25 Td (raise ) Tj ET Q q 0 0 0 rg BT 147.28 574.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 177.98 574.25 Td (needed ) Tj ET Q q 0 0 0 rg BT 209.78 574.25 Td (to ) Tj ET Q q 0 0 0 rg BT 220.49 574.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 254.53 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.24 574.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 324.84 574.25 Td (of ) Tj ET Q q 0 0 0 rg BT 336.10 574.25 Td (new ) Tj ET Q q 0 0 0 rg BT 355.70 574.25 Td (projects, ) Tj ET Q q 0 0 0 rg BT 393.35 574.25 Td (expand ) Tj ET Q q 0 0 0 rg BT 426.28 574.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 461.43 574.25 Td (projects, ) Tj ET Q q 0 0 0 rg BT 499.08 574.25 Td (acquire ) Tj ET Q q 0 0 0 rg BT 533.11 574.25 Td (certain ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 95.84 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 113.91 562.25 Td (refinance ) Tj ET Q q 0 0 0 rg BT 155.84 562.25 Td (our ) Tj ET Q q 0 0 0 rg BT 172.80 562.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 207.52 562.25 Td (debt. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 544.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 76.98 544.25 Td (business ) Tj ET Q q 0 0 0 rg BT 113.29 544.25 Td (is ) Tj ET Q q 0 0 0 rg BT 122.38 544.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 151.46 544.25 Td (intensive, ) Tj ET Q q 0 0 0 rg BT 192.48 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 209.35 544.25 Td (we ) Tj ET Q q 0 0 0 rg BT 223.43 544.25 Td (seek ) Tj ET Q q 0 0 0 rg BT 243.62 544.25 Td (to ) Tj ET Q q 0 0 0 rg BT 253.82 544.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 285.67 544.25 Td (a ) Tj ET Q q 0 0 0 rg BT 292.53 544.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 337.17 544.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 368.48 544.25 Td (of ) Tj ET Q q 0 0 0 rg BT 379.23 544.25 Td (our ) Tj ET Q q 0 0 0 rg BT 394.98 544.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 429.07 544.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 457.33 544.25 Td (as ) Tj ET Q q 0 0 0 rg BT 468.08 544.25 Td (well ) Tj ET Q q 0 0 0 rg BT 487.72 544.25 Td (as ) Tj ET Q q 0 0 0 rg BT 498.47 544.25 Td (our ) Tj ET Q q 0 0 0 rg BT 514.23 544.25 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 532.25 Td (new ) Tj ET Q q 0 0 0 rg BT 79.44 532.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 107.77 532.25 Td (with ) Tj ET Q q 0 0 0 rg BT 128.05 532.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 147.76 532.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 176.91 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 187.19 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 201.91 532.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 228.84 532.25 Td (that ) Tj ET Q q 0 0 0 rg BT 246.34 532.25 Td (we ) Tj ET Q q 0 0 0 rg BT 260.50 532.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 291.87 532.25 Td (such ) Tj ET Q q 0 0 0 rg BT 312.70 532.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 352.96 532.25 Td (is ) Tj ET Q q 0 0 0 rg BT 362.13 532.25 Td (prudent ) Tj ET Q q 0 0 0 rg BT 395.18 532.25 Td (and ) Tj ET Q q 0 0 0 rg BT 412.12 532.25 Td (accretive ) Tj ET Q q 0 0 0 rg BT 450.70 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 460.98 532.25 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 510.13 532.25 Td (value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 514.25 Td (As ) Tj ET Q q 0 0 0 rg BT 73.74 514.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.70 514.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 145.42 514.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.42 514.25 Td (, ) Tj ET Q q 0 0 0 rg BT 171.55 514.25 Td (we ) Tj ET Q q 0 0 0 rg BT 186.84 514.25 Td (had ) Tj ET Q q 0 0 0 rg BT 204.91 514.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 266.30 514.25 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.30 514.25 Td (2.6 ) Tj ET Q q 0 0 0 rg BT 287.43 514.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.54 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 317.17 514.25 Td (in ) Tj ET Q q 0 0 0 rg BT 328.58 514.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 371.64 514.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 392.49 514.25 Td (and ) Tj ET Q q 0 0 0 rg BT 410.56 514.25 Td (project ) Tj ET Q q 0 0 0 rg BT 441.95 514.25 Td (debt. ) Tj ET Q q 0 0 0 rg BT 465.30 514.25 Td (Prolonged ) Tj ET Q q 0 0 0 rg BT 510.04 514.25 Td (instability ) Tj ET Q q 0 0 0 rg BT 553.67 514.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (deterioration ) Tj ET Q q 0 0 0 rg BT 103.96 502.25 Td (in ) Tj ET Q q 0 0 0 rg BT 114.61 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 129.70 502.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 152.02 502.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 177.65 502.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 206.07 502.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 226.16 502.25 Td (and ) Tj ET Q q 0 0 0 rg BT 243.48 502.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 271.35 502.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 300.87 502.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 335.40 502.25 Td (may ) Tj ET Q q 0 0 0 rg BT 355.49 502.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 396.68 502.25 Td (af) Tj ET Q q 0 0 0 rg BT 404.27 502.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 422.12 502.25 Td (our ) Tj ET Q q 0 0 0 rg BT 438.33 502.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 466.75 502.25 Td (to ) Tj ET Q q 0 0 0 rg BT 477.40 502.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 505.27 502.25 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 553.68 502.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.96 490.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 100.26 490.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 120.10 490.25 Td (on ) Tj ET Q q 0 0 0 rg BT 132.74 490.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 173.12 490.25 Td (terms, ) Tj ET Q q 0 0 0 rg BT 200.47 490.25 Td (or ) Tj ET Q q 0 0 0 rg BT 211.43 490.25 Td (at ) Tj ET Q q 0 0 0 rg BT 221.28 490.25 Td (all. ) Tj ET Q q 0 0 0 rg BT 236.40 490.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 259.03 490.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 318.30 490.25 Td (could ) Tj ET Q q 0 0 0 rg BT 343.15 490.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 384.10 490.25 Td (af) Tj ET Q q 0 0 0 rg BT 391.69 490.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 409.30 490.25 Td (our ) Tj ET Q q 0 0 0 rg BT 425.26 490.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 464.29 490.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 501.90 490.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 544.80 490.25 Td (and/) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.83 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.55 478.25 Td (share ) Tj ET Q q 0 0 0 rg BT 99.15 478.25 Td (price ) Tj ET Q q 0 0 0 rg BT 121.63 478.25 Td (of ) Tj ET Q q 0 0 0 rg BT 132.46 478.25 Td (our ) Tj ET Q q 0 0 0 rg BT 148.29 478.25 Td (common ) Tj ET Q q 0 0 0 rg BT 185.79 478.25 Td (stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 460.25 Td (W) Tj ET Q q 0 0 0 rg BT 67.64 460.25 Td (e ) Tj ET Q q 0 0 0 rg BT 73.59 460.25 Td (intend ) Tj ET Q q 0 0 0 rg BT 100.10 460.25 Td (to ) Tj ET Q q 0 0 0 rg BT 109.40 460.25 Td (grow ) Tj ET Q q 0 0 0 rg BT 131.46 460.25 Td (our ) Tj ET Q q 0 0 0 rg BT 146.31 460.25 Td (business ) Tj ET Q q 0 0 0 rg BT 181.71 460.25 Td (through ) Tj ET Q q 0 0 0 rg BT 214.34 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.07 460.25 Td (development ) Tj ET Q q 0 0 0 rg BT 281.23 460.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.08 460.25 Td (new ) Tj ET Q q 0 0 0 rg BT 309.26 460.25 Td (projects, ) Tj ET Q q 0 0 0 rg BT 344.93 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 358.66 460.25 Td (expansion ) Tj ET Q q 0 0 0 rg BT 400.72 460.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 427.78 460.25 Td (enhancement ) Tj ET Q q 0 0 0 rg BT 482.05 460.25 Td (of ) Tj ET Q q 0 0 0 rg BT 491.89 460.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 525.07 460.25 Td (facilities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.65 448.25 Td (opportunistic ) Tj ET Q q 0 0 0 rg BT 121.64 448.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 171.62 448.25 Td (of ) Tj ET Q q 0 0 0 rg BT 182.16 448.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 216.03 448.25 Td (or ) Tj ET Q q 0 0 0 rg BT 226.57 448.25 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 273.51 448.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 295.72 448.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 345.70 448.25 Td (may ) Tj ET Q q 0 0 0 rg BT 365.13 448.25 Td (be ) Tj ET Q q 0 0 0 rg BT 376.78 448.25 Td (lar) Tj ET Q q 0 0 0 rg BT 387.15 448.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 398.80 448.25 Td (enough ) Tj ET Q q 0 0 0 rg BT 430.45 448.25 Td (to ) Tj ET Q q 0 0 0 rg BT 440.44 448.25 Td (require ) Tj ET Q q 0 0 0 rg BT 470.97 448.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 499.83 448.25 Td (in ) Tj ET Q q 0 0 0 rg BT 509.82 448.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 538.13 448.25 Td (of ) Tj ET Q q 0 0 0 rg BT 548.67 448.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 70.31 436.25 Td (on ) Tj ET Q q 0 0 0 rg BT 82.85 436.25 Td (hand ) Tj ET Q q 0 0 0 rg BT 104.84 436.25 Td (and ) Tj ET Q q 0 0 0 rg BT 121.82 436.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 169.35 436.25 Td (under ) Tj ET Q q 0 0 0 rg BT 194.66 436.25 Td (our ) Tj ET Q q 0 0 0 rg BT 210.53 436.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 244.74 436.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 270.04 436.25 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 309.52 436.25 Td (Prolonged ) Tj ET Q q 0 0 0 rg BT 353.17 436.25 Td (instability ) Tj ET Q q 0 0 0 rg BT 395.71 436.25 Td (or ) Tj ET Q q 0 0 0 rg BT 406.58 436.25 Td (deterioration ) Tj ET Q q 0 0 0 rg BT 460.22 436.25 Td (in ) Tj ET Q q 0 0 0 rg BT 470.54 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.30 436.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 510.60 436.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 544.80 436.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 91.00 424.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 120.89 424.25 Td (our ) Tj ET Q q 0 0 0 rg BT 136.90 424.25 Td (access ) Tj ET Q q 0 0 0 rg BT 165.11 424.25 Td (to ) Tj ET Q q 0 0 0 rg BT 175.57 424.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 204.90 424.25 Td (on ) Tj ET Q q 0 0 0 rg BT 217.58 424.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 242.48 424.25 Td (that ) Tj ET Q q 0 0 0 rg BT 260.15 424.25 Td (we ) Tj ET Q q 0 0 0 rg BT 274.49 424.25 Td (find ) Tj ET Q q 0 0 0 rg BT 293.28 424.25 Td (acceptable, ) Tj ET Q q 0 0 0 rg BT 340.65 424.25 Td (thereby ) Tj ET Q q 0 0 0 rg BT 373.31 424.25 Td (impacting ) Tj ET Q q 0 0 0 rg BT 415.98 424.25 Td (our ) Tj ET Q q 0 0 0 rg BT 431.99 424.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 460.22 424.25 Td (to ) Tj ET Q q 0 0 0 rg BT 470.68 424.25 Td (execute ) Tj ET Q q 0 0 0 rg BT 503.89 424.25 Td (our ) Tj ET Q q 0 0 0 rg BT 519.90 424.25 Td (strategy ) Tj ET Q q 0 0 0 rg BT 554.24 424.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (grow ) Tj ET Q q 0 0 0 rg BT 73.05 412.25 Td (our ) Tj ET Q q 0 0 0 rg BT 88.88 412.25 Td (business.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 394.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 78.76 394.25 Td (reputation ) Tj ET Q q 0 0 0 rg BT 124.64 394.25 Td (could ) Tj ET Q q 0 0 0 rg BT 150.51 394.25 Td (be ) Tj ET Q q 0 0 0 rg BT 163.04 394.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 204.44 394.25 Td (af) Tj ET Q q 0 0 0 rg BT 212.59 394.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 240.11 394.25 Td (if ) Tj ET Q q 0 0 0 rg BT 249.31 394.25 Td (we ) Tj ET Q q 0 0 0 rg BT 263.50 394.25 Td (are ) Tj ET Q q 0 0 0 rg BT 279.92 394.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 311.35 394.25 Td (to ) Tj ET Q q 0 0 0 rg BT 322.22 394.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 355.86 394.25 Td (our ) Tj ET Q q 0 0 0 rg BT 373.40 394.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 419.84 394.25 Td (in ) Tj ET Q q 0 0 0 rg BT 431.27 394.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 481.57 394.25 Td (with ) Tj ET Q q 0 0 0 rg BT 502.45 394.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 526.38 394.25 Td (or ) Tj ET Q q 0 0 0 rg BT 538.36 394.25 Td (if ) Tj ET Q q 0 0 0 rg BT 547.55 394.25 Td (our ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 382.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 78.98 382.25 Td (to ) Tj ET Q q 0 0 0 rg BT 89.26 382.25 Td (grow ) Tj ET Q q 0 0 0 rg BT 112.32 382.25 Td (our ) Tj ET Q q 0 0 0 rg BT 129.27 382.25 Td (business ) Tj ET Q q 0 0 0 rg BT 166.79 382.25 Td (results ) Tj ET Q q 0 0 0 rg BT 196.52 382.25 Td (in ) Tj ET Q q 0 0 0 rg BT 207.36 382.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 240.96 382.25 Td (publicity) Tj ET Q q 0 0 0 rg BT 276.14 382.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 364.25 Td (If ) Tj ET Q q 0 0 0 rg BT 68.24 364.25 Td (we ) Tj ET Q q 0 0 0 rg BT 82.48 364.25 Td (encounter ) Tj ET Q q 0 0 0 rg BT 124.48 364.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 168.15 364.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 216.82 364.25 Td (issues ) Tj ET Q q 0 0 0 rg BT 243.29 364.25 Td (in ) Tj ET Q q 0 0 0 rg BT 253.64 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 268.44 364.25 Td (course ) Tj ET Q q 0 0 0 rg BT 297.12 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 308.02 364.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 348.37 364.25 Td (our ) Tj ET Q q 0 0 0 rg BT 364.27 364.25 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 411.57 364.25 Td (we ) Tj ET Q q 0 0 0 rg BT 425.81 364.25 Td (may ) Tj ET Q q 0 0 0 rg BT 445.61 364.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 491.49 364.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 524.60 364.25 Td (publicity) Tj ET Q q 0 0 0 rg BT 559.50 364.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (which ) Tj ET Q q 0 0 0 rg BT 76.79 352.25 Td (may ) Tj ET Q q 0 0 0 rg BT 96.37 352.25 Td (intensify ) Tj ET Q q 0 0 0 rg BT 133.72 352.25 Td (if ) Tj ET Q q 0 0 0 rg BT 142.18 352.25 Td (such ) Tj ET Q q 0 0 0 rg BT 162.86 352.25 Td (non-compliance ) Tj ET Q q 0 0 0 rg BT 229.64 352.25 Td (results ) Tj ET Q q 0 0 0 rg BT 258.10 352.25 Td (in ) Tj ET Q q 0 0 0 rg BT 268.23 352.25 Td (civil ) Tj ET Q q 0 0 0 rg BT 288.36 352.25 Td (or ) Tj ET Q q 0 0 0 rg BT 299.05 352.25 Td (criminal ) Tj ET Q q 0 0 0 rg BT 334.72 352.25 Td (liability) Tj ET Q q 0 0 0 rg BT 365.18 352.25 Td (. ) Tj ET Q q 0 0 0 rg BT 369.87 352.25 Td (This ) Tj ET Q q 0 0 0 rg BT 390.00 352.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 422.89 352.25 Td (publicity ) Tj ET Q q 0 0 0 rg BT 460.80 352.25 Td (may ) Tj ET Q q 0 0 0 rg BT 480.37 352.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 503.27 352.25 Td (our ) Tj ET Q q 0 0 0 rg BT 518.96 352.25 Td (reputation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 340.25 Td (result ) Tj ET Q q 0 0 0 rg BT 91.66 340.25 Td (in ) Tj ET Q q 0 0 0 rg BT 101.93 340.25 Td (dif) Tj ET Q q 0 0 0 rg BT 112.86 340.25 Td (ficulties ) Tj ET Q q 0 0 0 rg BT 147.57 340.25 Td (in ) Tj ET Q q 0 0 0 rg BT 157.85 340.25 Td (attracting ) Tj ET Q q 0 0 0 rg BT 198.11 340.25 Td (new ) Tj ET Q q 0 0 0 rg BT 217.27 340.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 262.82 340.25 Td (or ) Tj ET Q q 0 0 0 rg BT 273.65 340.25 Td (retaining ) Tj ET Q q 0 0 0 rg BT 311.69 340.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 345.85 340.25 Td (customers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 322.25 Td (W) Tj ET Q q 0 0 0 rg BT 68.04 322.25 Td (ith ) Tj ET Q q 0 0 0 rg BT 81.61 322.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 112.95 322.25 Td (to ) Tj ET Q q 0 0 0 rg BT 123.75 322.25 Td (our ) Tj ET Q q 0 0 0 rg BT 140.09 322.25 Td (ef) Tj ET Q q 0 0 0 rg BT 147.68 322.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 169.03 322.25 Td (to ) Tj ET Q q 0 0 0 rg BT 179.83 322.25 Td (grow ) Tj ET Q q 0 0 0 rg BT 203.40 322.25 Td (and ) Tj ET Q q 0 0 0 rg BT 220.86 322.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 258.87 322.25 Td (our ) Tj ET Q q 0 0 0 rg BT 275.22 322.25 Td (business ) Tj ET Q q 0 0 0 rg BT 312.13 322.25 Td (globally) Tj ET Q q 0 0 0 rg BT 344.25 322.25 Td (, ) Tj ET Q q 0 0 0 rg BT 349.77 322.25 Td (we ) Tj ET Q q 0 0 0 rg BT 364.45 322.25 Td (sometimes ) Tj ET Q q 0 0 0 rg BT 410.24 322.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 456.56 322.25 Td (opposition ) Tj ET Q q 0 0 0 rg BT 501.81 322.25 Td (from ) Tj ET Q q 0 0 0 rg BT 524.26 322.25 Td (advocacy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (groups ) Tj ET Q q 0 0 0 rg BT 80.28 310.25 Td (or ) Tj ET Q q 0 0 0 rg BT 91.68 310.25 Td (others ) Tj ET Q q 0 0 0 rg BT 119.18 310.25 Td (intended ) Tj ET Q q 0 0 0 rg BT 156.68 310.25 Td (to ) Tj ET Q q 0 0 0 rg BT 167.52 310.25 Td (halt ) Tj ET Q q 0 0 0 rg BT 185.58 310.25 Td (our ) Tj ET Q q 0 0 0 rg BT 201.97 310.25 Td (development ) Tj ET Q q 0 0 0 rg BT 256.68 310.25 Td (or ) Tj ET Q q 0 0 0 rg BT 268.07 310.25 Td (on-going ) Tj ET Q q 0 0 0 rg BT 307.25 310.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 346.70 310.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 369.76 310.25 Td (opposition ) Tj ET Q q 0 0 0 rg BT 415.05 310.25 Td (is ) Tj ET Q q 0 0 0 rg BT 424.79 310.25 Td (often ) Tj ET Q q 0 0 0 rg BT 448.40 310.25 Td (intended ) Tj ET Q q 0 0 0 rg BT 485.89 310.25 Td (to ) Tj ET Q q 0 0 0 rg BT 496.73 310.25 Td (discourage ) Tj ET Q q 0 0 0 rg BT 543.11 310.25 Td (third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 79.84 298.25 Td (from ) Tj ET Q q 0 0 0 rg BT 102.46 298.25 Td (doing ) Tj ET Q q 0 0 0 rg BT 128.42 298.25 Td (business ) Tj ET Q q 0 0 0 rg BT 165.49 298.25 Td (with ) Tj ET Q q 0 0 0 rg BT 186.45 298.25 Td (us ) Tj ET Q q 0 0 0 rg BT 198.52 298.25 Td (and ) Tj ET Q q 0 0 0 rg BT 216.14 298.25 Td (may ) Tj ET Q q 0 0 0 rg BT 236.54 298.25 Td (be ) Tj ET Q q 0 0 0 rg BT 249.16 298.25 Td (based ) Tj ET Q q 0 0 0 rg BT 275.11 298.25 Td (on ) Tj ET Q q 0 0 0 rg BT 288.29 298.25 Td (misleading, ) Tj ET Q q 0 0 0 rg BT 337.85 298.25 Td (inaccurate, ) Tj ET Q q 0 0 0 rg BT 384.61 298.25 Td (incomplete ) Tj ET Q q 0 0 0 rg BT 432.22 298.25 Td (or ) Tj ET Q q 0 0 0 rg BT 443.73 298.25 Td (inflammatory ) Tj ET Q q 0 0 0 rg BT 501.34 298.25 Td (assertions. ) Tj ET Q q 0 0 0 rg BT 546.46 298.25 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (reputation ) Tj ET Q q 0 0 0 rg BT 92.38 286.25 Td (may ) Tj ET Q q 0 0 0 rg BT 111.43 286.25 Td (be ) Tj ET Q q 0 0 0 rg BT 122.70 286.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 162.85 286.25 Td (af) Tj ET Q q 0 0 0 rg BT 170.43 286.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 196.69 286.25 Td (as ) Tj ET Q q 0 0 0 rg BT 206.86 286.25 Td (a ) Tj ET Q q 0 0 0 rg BT 213.13 286.25 Td (result ) Tj ET Q q 0 0 0 rg BT 237.18 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 247.34 286.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 279.71 286.25 Td (publicity ) Tj ET Q q 0 0 0 rg BT 317.10 286.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 353.93 286.25 Td (from ) Tj ET Q q 0 0 0 rg BT 375.20 286.25 Td (such ) Tj ET Q q 0 0 0 rg BT 395.36 286.25 Td (opposition. ) Tj ET Q q 0 0 0 rg BT 441.92 286.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 463.75 286.25 Td (damage ) Tj ET Q q 0 0 0 rg BT 496.68 286.25 Td (to ) Tj ET Q q 0 0 0 rg BT 506.29 286.25 Td (our ) Tj ET Q q 0 0 0 rg BT 521.46 286.25 Td (reputation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (could ) Tj ET Q q 0 0 0 rg BT 74.72 274.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 115.53 274.25 Td (af) Tj ET Q q 0 0 0 rg BT 123.12 274.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 140.61 274.25 Td (our ) Tj ET Q q 0 0 0 rg BT 156.44 274.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 184.49 274.25 Td (to ) Tj ET Q q 0 0 0 rg BT 194.77 274.25 Td (grow ) Tj ET Q q 0 0 0 rg BT 217.82 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 234.76 274.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 272.25 274.25 Td (our ) Tj ET Q q 0 0 0 rg BT 288.08 274.25 Td (business.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 256.25 Td (Changes ) Tj ET Q q 0 0 0 rg BT 97.62 256.25 Td (in ) Tj ET Q q 0 0 0 rg BT 108.46 256.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 155.96 256.25 Td (may ) Tj ET Q q 0 0 0 rg BT 175.67 256.25 Td (have ) Tj ET Q q 0 0 0 rg BT 197.61 256.25 Td (a ) Tj ET Q q 0 0 0 rg BT 205.11 256.25 Td (material ) Tj ET Q q 0 0 0 rg BT 242.06 256.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 275.66 256.25 Td (ef) Tj ET Q q 0 0 0 rg BT 283.24 256.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 300.73 256.25 Td (on ) Tj ET Q q 0 0 0 rg BT 313.79 256.25 Td (our ) Tj ET Q q 0 0 0 rg BT 330.74 256.25 Td (profitability) Tj ET Q q 0 0 0 rg BT 378.70 256.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 238.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 78.39 238.25 Td (company ) Tj ET Q q 0 0 0 rg BT 118.88 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 137.15 238.25 Td (others ) Tj ET Q q 0 0 0 rg BT 165.42 238.25 Td (have ) Tj ET Q q 0 0 0 rg BT 188.14 238.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 235.83 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 251.88 238.25 Td (value ) Tj ET Q q 0 0 0 rg BT 277.38 238.25 Td (of ) Tj ET Q q 0 0 0 rg BT 289.54 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.59 238.25 Td (traditional ) Tj ET Q q 0 0 0 rg BT 350.53 238.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 377.13 238.25 Td (stream ) Tj ET Q q 0 0 0 rg BT 407.62 238.25 Td (as ) Tj ET Q q 0 0 0 rg BT 419.78 238.25 Td (a ) Tj ET Q q 0 0 0 rg BT 428.06 238.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 466.88 238.25 Td (resource. ) Tj ET Q q 0 0 0 rg BT 507.08 238.25 Td (Research ) Tj ET Q q 0 0 0 rg BT 547.57 238.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (development ) Tj ET Q q 0 0 0 rg BT 103.70 226.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 141.85 226.25 Td (are ) Tj ET Q q 0 0 0 rg BT 156.11 226.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 190.94 226.25 Td (to ) Tj ET Q q 0 0 0 rg BT 200.77 226.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 233.37 226.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 277.62 226.25 Td (and ) Tj ET Q q 0 0 0 rg BT 294.11 226.25 Td (more ) Tj ET Q q 0 0 0 rg BT 316.71 226.25 Td (ef) Tj ET Q q 0 0 0 rg BT 324.30 226.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 351.89 226.25 Td (technologies ) Tj ET Q q 0 0 0 rg BT 404.49 226.25 Td (to ) Tj ET Q q 0 0 0 rg BT 414.32 226.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 447.47 226.25 Td (waste, ) Tj ET Q q 0 0 0 rg BT 474.79 226.25 Td (produce ) Tj ET Q q 0 0 0 rg BT 509.05 226.25 Td (or ) Tj ET Q q 0 0 0 rg BT 519.43 226.25 Td (extract ) Tj ET Q q 0 0 0 rg BT 548.68 226.25 Td (by-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (products ) Tj ET Q q 0 0 0 rg BT 87.28 214.25 Td (from ) Tj ET Q q 0 0 0 rg BT 109.56 214.25 Td (waste, ) Tj ET Q q 0 0 0 rg BT 137.67 214.25 Td (or ) Tj ET Q q 0 0 0 rg BT 148.84 214.25 Td (to ) Tj ET Q q 0 0 0 rg BT 159.46 214.25 Td (produce ) Tj ET Q q 0 0 0 rg BT 194.51 214.25 Td (power) Tj ET Q q 0 0 0 rg BT 218.95 214.25 Td (. ) Tj ET Q q 0 0 0 rg BT 224.09 214.25 Td (W) Tj ET Q q 0 0 0 rg BT 232.72 214.25 Td (e ) Tj ET Q q 0 0 0 rg BT 240.00 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 257.28 214.25 Td (many ) Tj ET Q q 0 0 0 rg BT 282.34 214.25 Td (other ) Tj ET Q q 0 0 0 rg BT 305.73 214.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 351.34 214.25 Td (are ) Tj ET Q q 0 0 0 rg BT 366.39 214.25 Td (pursuing ) Tj ET Q q 0 0 0 rg BT 404.23 214.25 Td (these ) Tj ET Q q 0 0 0 rg BT 427.62 214.25 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 483.50 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 500.78 214.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 530.27 214.25 Td (is ) Tj ET Q q 0 0 0 rg BT 539.78 214.25 Td (being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (invested ) Tj ET Q q 0 0 0 rg BT 85.87 202.25 Td (to ) Tj ET Q q 0 0 0 rg BT 96.19 202.25 Td (find ) Tj ET Q q 0 0 0 rg BT 114.84 202.25 Td (new ) Tj ET Q q 0 0 0 rg BT 134.04 202.25 Td (approaches ) Tj ET Q q 0 0 0 rg BT 181.56 202.25 Td (to ) Tj ET Q q 0 0 0 rg BT 191.88 202.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 217.20 202.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 273.33 202.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 298.64 202.25 Td (treatment, ) Tj ET Q q 0 0 0 rg BT 341.44 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 358.42 202.25 Td (renewable ) Tj ET Q q 0 0 0 rg BT 402.05 202.25 Td (power ) Tj ET Q q 0 0 0 rg BT 429.58 202.25 Td (generation. ) Tj ET Q q 0 0 0 rg BT 476.83 202.25 Td (It ) Tj ET Q q 0 0 0 rg BT 485.48 202.25 Td (is ) Tj ET Q q 0 0 0 rg BT 494.69 202.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 530.01 202.25 Td (that ) Tj ET Q q 0 0 0 rg BT 547.55 202.25 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (deployment ) Tj ET Q q 0 0 0 rg BT 100.13 190.25 Td (of ) Tj ET Q q 0 0 0 rg BT 111.37 190.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 140.94 190.25 Td (may ) Tj ET Q q 0 0 0 rg BT 161.07 190.25 Td (lead ) Tj ET Q q 0 0 0 rg BT 180.64 190.25 Td (to ) Tj ET Q q 0 0 0 rg BT 191.33 190.25 Td (advances ) Tj ET Q q 0 0 0 rg BT 230.89 190.25 Td (in ) Tj ET Q q 0 0 0 rg BT 241.59 190.25 Td (these ) Tj ET Q q 0 0 0 rg BT 265.05 190.25 Td (or ) Tj ET Q q 0 0 0 rg BT 276.29 190.25 Td (other ) Tj ET Q q 0 0 0 rg BT 299.76 190.25 Td (technologies ) Tj ET Q q 0 0 0 rg BT 353.21 190.25 Td (which ) Tj ET Q q 0 0 0 rg BT 380.57 190.25 Td (will ) Tj ET Q q 0 0 0 rg BT 399.04 190.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 428.60 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.73 190.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 462.75 190.25 Td (of ) Tj ET Q q 0 0 0 rg BT 474.00 190.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 499.68 190.25 Td (management ) Tj ET Q q 0 0 0 rg BT 553.69 190.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (power ) Tj ET Q q 0 0 0 rg BT 76.96 178.25 Td (production ) Tj ET Q q 0 0 0 rg BT 122.25 178.25 Td (to ) Tj ET Q q 0 0 0 rg BT 131.99 178.25 Td (a ) Tj ET Q q 0 0 0 rg BT 138.40 178.25 Td (level ) Tj ET Q q 0 0 0 rg BT 159.80 178.25 Td (below ) Tj ET Q q 0 0 0 rg BT 186.21 178.25 Td (our ) Tj ET Q q 0 0 0 rg BT 201.50 178.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 223.47 178.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 250.98 178.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 283.50 178.25 Td (new ) Tj ET Q q 0 0 0 rg BT 302.12 178.25 Td (or ) Tj ET Q q 0 0 0 rg BT 312.42 178.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 356.58 178.25 Td (methods ) Tj ET Q q 0 0 0 rg BT 392.44 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 402.73 178.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 427.47 178.25 Td (management ) Tj ET Q q 0 0 0 rg BT 480.53 178.25 Td (or ) Tj ET Q q 0 0 0 rg BT 490.82 178.25 Td (ener) Tj ET Q q 0 0 0 rg BT 507.85 178.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 519.82 178.25 Td (generation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (that ) Tj ET Q q 0 0 0 rg BT 66.72 166.25 Td (become ) Tj ET Q q 0 0 0 rg BT 99.53 166.25 Td (more ) Tj ET Q q 0 0 0 rg BT 121.80 166.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 158.49 166.25 Td (than ) Tj ET Q q 0 0 0 rg BT 177.42 166.25 Td (those ) Tj ET Q q 0 0 0 rg BT 200.25 166.25 Td (we ) Tj ET Q q 0 0 0 rg BT 213.63 166.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 251.45 166.25 Td (utilize. ) Tj ET Q q 0 0 0 rg BT 280.66 166.25 Td (Unless ) Tj ET Q q 0 0 0 rg BT 309.60 166.25 Td (we ) Tj ET Q q 0 0 0 rg BT 322.98 166.25 Td (are ) Tj ET Q q 0 0 0 rg BT 336.91 166.25 Td (able ) Tj ET Q q 0 0 0 rg BT 355.28 166.25 Td (to ) Tj ET Q q 0 0 0 rg BT 364.78 166.25 Td (participate ) Tj ET Q q 0 0 0 rg BT 408.70 166.25 Td (in ) Tj ET Q q 0 0 0 rg BT 418.20 166.25 Td (these ) Tj ET Q q 0 0 0 rg BT 440.46 166.25 Td (advances, ) Tj ET Q q 0 0 0 rg BT 481.33 166.25 Td (any ) Tj ET Q q 0 0 0 rg BT 497.49 166.25 Td (of ) Tj ET Q q 0 0 0 rg BT 507.54 166.25 Td (these ) Tj ET Q q 0 0 0 rg BT 529.81 166.25 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (could ) Tj ET Q q 0 0 0 rg BT 74.72 154.25 Td (have ) Tj ET Q q 0 0 0 rg BT 96.09 154.25 Td (a ) Tj ET Q q 0 0 0 rg BT 103.03 154.25 Td (material ) Tj ET Q q 0 0 0 rg BT 138.29 154.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 171.33 154.25 Td (ef) Tj ET Q q 0 0 0 rg BT 178.92 154.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 196.40 154.25 Td (on ) Tj ET Q q 0 0 0 rg BT 208.90 154.25 Td (our ) Tj ET Q q 0 0 0 rg BT 224.73 154.25 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 261.38 154.25 Td (profitability ) Tj ET Q q 0 0 0 rg BT 311.65 154.25 Td (and ) Tj ET Q q 0 0 0 rg BT 328.58 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.30 154.25 Td (value ) Tj ET Q q 0 0 0 rg BT 367.46 154.25 Td (of ) Tj ET Q q 0 0 0 rg BT 378.29 154.25 Td (our ) Tj ET Q q 0 0 0 rg BT 394.12 154.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 428.28 154.25 Td (facilities.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 136.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 78.55 136.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 106.99 136.25 Td (to ) Tj ET Q q 0 0 0 rg BT 117.64 136.25 Td (optimize ) Tj ET Q q 0 0 0 rg BT 154.97 136.25 Td (our ) Tj ET Q q 0 0 0 rg BT 172.30 136.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 218.52 136.25 Td (depends ) Tj ET Q q 0 0 0 rg BT 254.73 136.25 Td (in ) Tj ET Q q 0 0 0 rg BT 265.95 136.25 Td (part ) Tj ET Q q 0 0 0 rg BT 285.50 136.25 Td (on ) Tj ET Q q 0 0 0 rg BT 298.94 136.25 Td (our ) Tj ET Q q 0 0 0 rg BT 316.27 136.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 344.71 136.25 Td (to ) Tj ET Q q 0 0 0 rg BT 355.36 136.25 Td (compete ) Tj ET Q q 0 0 0 rg BT 392.12 136.25 Td (for ) Tj ET Q q 0 0 0 rg BT 407.22 136.25 Td (and ) Tj ET Q q 0 0 0 rg BT 425.66 136.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 454.66 136.25 Td (fuel ) Tj ET Q q 0 0 0 rg BT 473.65 136.25 Td (for ) Tj ET Q q 0 0 0 rg BT 488.75 136.25 Td (our ) Tj ET Q q 0 0 0 rg BT 506.08 136.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 546.45 136.25 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (our ) Tj ET Q q 0 0 0 rg BT 66.95 124.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 97.23 124.25 Td (to ) Tj ET Q q 0 0 0 rg BT 107.51 124.25 Td (do ) Tj ET Q q 0 0 0 rg BT 120.01 124.25 Td (so ) Tj ET Q q 0 0 0 rg BT 131.40 124.25 Td (may ) Tj ET Q q 0 0 0 rg BT 151.12 124.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 191.93 124.25 Td (af) Tj ET Q q 0 0 0 rg BT 200.08 124.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 217.57 124.25 Td (our ) Tj ET Q q 0 0 0 rg BT 234.52 124.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 274.25 124.25 Td (results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 106.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 77.75 106.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 96.45 106.25 Td ( ) Tj ET Q q 0 0 0 rg BT 99.64 106.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 137.27 106.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 169.34 106.25 Td (on ) Tj ET Q q 0 0 0 rg BT 182.54 106.25 Td (solid ) Tj ET Q q 0 0 0 rg BT 205.19 106.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 231.15 106.25 Td (for ) Tj ET Q q 0 0 0 rg BT 246.01 106.25 Td (fuel, ) Tj ET Q q 0 0 0 rg BT 267.25 106.25 Td (which ) Tj ET Q q 0 0 0 rg BT 294.89 106.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 332.52 106.25 Td (a ) Tj ET Q q 0 0 0 rg BT 340.16 106.25 Td (source ) Tj ET Q q 0 0 0 rg BT 369.46 106.25 Td (of ) Tj ET Q q 0 0 0 rg BT 380.98 106.25 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 418.33 106.25 Td (For ) Tj ET Q q 0 0 0 rg BT 435.42 106.25 Td (some ) Tj ET Q q 0 0 0 rg BT 459.72 106.25 Td (of ) Tj ET Q q 0 0 0 rg BT 471.25 106.25 Td (our ) Tj ET Q q 0 0 0 rg BT 487.78 106.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 506.47 106.25 Td ( ) Tj ET Q q 0 0 0 rg BT 509.67 106.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 549.79 106.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 98.11 94.25 Td (of ) Tj ET Q q 0 0 0 rg BT 109.56 94.25 Td (solid ) Tj ET Q q 0 0 0 rg BT 132.12 94.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 158.01 94.25 Td (to ) Tj ET Q q 0 0 0 rg BT 168.91 94.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 183.42 94.25 Td (as ) Tj ET Q q 0 0 0 rg BT 194.87 94.25 Td (well ) Tj ET Q q 0 0 0 rg BT 215.21 94.25 Td (as ) Tj ET Q q 0 0 0 rg BT 226.66 94.25 Td (the ) Tj ET Q q 0 0 0 rg BT 242.00 94.25 Td (tipping ) Tj ET Q q 0 0 0 rg BT 273.45 94.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 288.78 94.25 Td (that ) Tj ET Q q 0 0 0 rg BT 306.89 94.25 Td (we ) Tj ET Q q 0 0 0 rg BT 321.67 94.25 Td (char) Tj ET Q q 0 0 0 rg BT 338.70 94.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 351.26 94.25 Td (to ) Tj ET Q q 0 0 0 rg BT 362.16 94.25 Td (attract ) Tj ET Q q 0 0 0 rg BT 390.26 94.25 Td (solid ) Tj ET Q q 0 0 0 rg BT 412.83 94.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 438.72 94.25 Td (to ) Tj ET Q q 0 0 0 rg BT 449.61 94.25 Td (our ) Tj ET Q q 0 0 0 rg BT 466.06 94.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 506.11 94.25 Td (depends ) Tj ET Q q 0 0 0 rg BT 542.00 94.25 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (competition ) Tj ET Q q 0 0 0 rg BT 99.57 82.25 Td (from ) Tj ET Q q 0 0 0 rg BT 120.80 82.25 Td (a ) Tj ET Q q 0 0 0 rg BT 127.04 82.25 Td (number ) Tj ET Q q 0 0 0 rg BT 159.39 82.25 Td (of ) Tj ET Q q 0 0 0 rg BT 169.51 82.25 Td (sources ) Tj ET Q q 0 0 0 rg BT 201.30 82.25 Td (such ) Tj ET Q q 0 0 0 rg BT 221.43 82.25 Td (as ) Tj ET Q q 0 0 0 rg BT 231.56 82.25 Td (other ) Tj ET Q q 0 0 0 rg BT 253.90 82.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 272.60 82.25 Td ( ) Tj ET Q q 0 0 0 rg BT 274.40 82.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 313.13 82.25 Td (landfills ) Tj ET Q q 0 0 0 rg BT 347.70 82.25 Td (and ) Tj ET Q q 0 0 0 rg BT 363.94 82.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 396.27 82.25 Td (stations ) Tj ET Q q 0 0 0 rg BT 428.63 82.25 Td (competing ) Tj ET Q q 0 0 0 rg BT 472.64 82.25 Td (for ) Tj ET Q q 0 0 0 rg BT 486.09 82.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 510.66 82.25 Td (in ) Tj ET Q q 0 0 0 rg BT 520.24 82.25 Td (the ) Tj ET Q q 0 0 0 rg BT 534.25 82.25 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (area. ) Tj ET Q q 0 0 0 rg BT 71.91 70.25 Td (In ) Tj ET Q q 0 0 0 rg BT 83.00 70.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 121.04 70.25 Td (we ) Tj ET Q q 0 0 0 rg BT 135.46 70.25 Td (may ) Tj ET Q q 0 0 0 rg BT 155.44 70.25 Td (need ) Tj ET Q q 0 0 0 rg BT 177.08 70.25 Td (to ) Tj ET Q q 0 0 0 rg BT 187.62 70.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 215.38 70.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 240.91 70.25 Td (on ) Tj ET Q q 0 0 0 rg BT 253.67 70.25 Td (a ) Tj ET Q q 0 0 0 rg BT 260.87 70.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 310.84 70.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 333.61 70.25 Td (as ) Tj ET Q q 0 0 0 rg BT 344.70 70.25 Td (our ) Tj ET Q q 0 0 0 rg BT 360.79 70.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 402.99 70.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 441.84 70.25 Td (expire ) Tj ET Q q 0 0 0 rg BT 469.59 70.25 Td (at ) Tj ET Q q 0 0 0 rg BT 479.57 70.25 Td (our ) Tj ET Q q 0 0 0 rg BT 495.66 70.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 525.09 70.25 Td (facilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (There ) Tj ET Q q 0 0 0 rg BT 76.00 58.25 Td (has ) Tj ET Q q 0 0 0 rg BT 92.02 58.25 Td (been ) Tj ET Q q 0 0 0 rg BT 113.58 58.25 Td (consolidation, ) Tj ET Q q 0 0 0 rg BT 172.65 58.25 Td (and ) Tj ET Q q 0 0 0 rg BT 189.78 58.25 Td (there ) Tj ET Q q 0 0 0 rg BT 212.45 58.25 Td (may ) Tj ET Q q 0 0 0 rg BT 232.35 58.25 Td (be ) Tj ET Q q 0 0 0 rg BT 244.48 58.25 Td (further ) Tj ET Q q 0 0 0 rg BT 274.37 58.25 Td (consolidation, ) Tj ET Q q 0 0 0 rg BT 333.44 58.25 Td (in ) Tj ET Q q 0 0 0 rg BT 343.91 58.25 Td (the ) Tj ET Q q 0 0 0 rg BT 358.81 58.25 Td (solid ) Tj ET Q q 0 0 0 rg BT 380.95 58.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 406.40 58.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 441.87 58.25 Td (that ) Tj ET Q q 0 0 0 rg BT 459.55 58.25 Td (would ) Tj ET Q q 0 0 0 rg BT 487.24 58.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 516.57 58.25 Td (the ) Tj ET Q q 0 0 0 rg BT 531.47 58.25 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.69 46.25 Td (solid ) Tj ET Q q 0 0 0 rg BT 82.50 46.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 107.62 46.25 Td (collectors ) Tj ET Q q 0 0 0 rg BT 148.85 46.25 Td (or ) Tj ET Q q 0 0 0 rg BT 159.54 46.25 Td (haulers ) Tj ET Q q 0 0 0 rg BT 190.78 46.25 Td (that ) Tj ET Q q 0 0 0 rg BT 208.13 46.25 Td (are ) Tj ET Q q 0 0 0 rg BT 222.70 46.25 Td (competing ) Tj ET Q q 0 0 0 rg BT 267.27 46.25 Td (for ) Tj ET Q q 0 0 0 rg BT 281.28 46.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 316.42 46.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 353.21 46.25 Td (or ) Tj ET Q q 0 0 0 rg BT 363.90 46.25 Td (enable ) Tj ET Q q 0 0 0 rg BT 392.35 46.25 Td (such ) Tj ET Q q 0 0 0 rg BT 413.04 46.25 Td (collectors ) Tj ET Q q 0 0 0 rg BT 454.27 46.25 Td (or ) Tj ET Q q 0 0 0 rg BT 464.96 46.25 Td (haulers ) Tj ET Q q 0 0 0 rg BT 496.19 46.25 Td (to ) Tj ET Q q 0 0 0 rg BT 506.33 46.25 Td (use ) Tj ET Q q 0 0 0 rg BT 522.02 46.25 Td (wholesale ) Tj ET Q endstream endobj 53 0 obj <>] /Rotate 0 /Contents 54 0 R>> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 96.96 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.82 742.10 Td (negotiate ) Tj ET Q q 0 0 0 rg BT 147.55 742.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 188.39 742.10 Td (below-market ) Tj ET Q q 0 0 0 rg BT 247.00 742.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 271.24 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 289.87 742.10 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 346.83 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 357.70 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.99 742.10 Td (solid ) Tj ET Q q 0 0 0 rg BT 395.53 742.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 421.38 742.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 457.24 742.10 Td (has ) Tj ET Q q 0 0 0 rg BT 473.65 742.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 508.39 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 519.25 742.10 Td (companies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.65 730.10 Td (vertically ) Tj ET Q q 0 0 0 rg BT 109.29 730.10 Td (integrated ) Tj ET Q q 0 0 0 rg BT 151.14 730.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 192.45 730.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 230.42 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.73 730.10 Td (disposal ) Tj ET Q q 0 0 0 rg BT 281.39 730.10 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 320.19 730.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 342.07 730.10 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 397.82 730.10 Td (may ) Tj ET Q q 0 0 0 rg BT 416.91 730.10 Td (result ) Tj ET Q q 0 0 0 rg BT 441.01 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 450.66 730.10 Td (economies ) Tj ET Q q 0 0 0 rg BT 495.30 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.50 730.10 Td (scale ) Tj ET Q q 0 0 0 rg BT 527.36 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 540.90 730.10 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 97.16 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 107.38 718.10 Td (well ) Tj ET Q q 0 0 0 rg BT 126.49 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 136.72 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.83 718.10 Td (use ) Tj ET Q q 0 0 0 rg BT 166.05 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.28 718.10 Td (disposal ) Tj ET Q q 0 0 0 rg BT 210.95 718.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 246.16 718.10 Td (at ) Tj ET Q q 0 0 0 rg BT 255.27 718.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 291.59 718.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 320.15 718.10 Td (by ) Tj ET Q q 0 0 0 rg BT 332.04 718.10 Td (such ) Tj ET Q q 0 0 0 rg BT 352.27 718.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 396.92 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 407.15 718.10 Td (by ) Tj ET Q q 0 0 0 rg BT 419.04 718.10 Td (af) Tj ET Q q 0 0 0 rg BT 426.63 718.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 456.85 718.10 Td (companies. ) Tj ET Q q 0 0 0 rg BT 504.00 718.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 525.90 718.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (can ) Tj ET Q q 0 0 0 rg BT 65.47 706.10 Td (af) Tj ET Q q 0 0 0 rg BT 73.06 706.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 89.64 706.10 Td (both ) Tj ET Q q 0 0 0 rg BT 109.01 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.82 706.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 169.40 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.32 706.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 203.68 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 213.05 706.10 Td (us ) Tj ET Q q 0 0 0 rg BT 223.54 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 236.79 706.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 281.15 706.10 Td (at ) Tj ET Q q 0 0 0 rg BT 289.96 706.10 Td (some ) Tj ET Q q 0 0 0 rg BT 312.67 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.59 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 337.51 706.10 Td (EfW) Tj ET Q q 0 0 0 rg BT 356.21 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 357.80 706.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 393.82 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 409.86 706.10 Td (market ) Tj ET Q q 0 0 0 rg BT 439.21 706.10 Td (pricing, ) Tj ET Q q 0 0 0 rg BT 471.63 706.10 Td (which ) Tj ET Q q 0 0 0 rg BT 497.66 706.10 Td (could ) Tj ET Q q 0 0 0 rg BT 521.47 706.10 Td (materially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 694.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 107.75 694.10 Td (af) Tj ET Q q 0 0 0 rg BT 115.34 694.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 132.83 694.10 Td (our ) Tj ET Q q 0 0 0 rg BT 148.66 694.10 Td (results ) Tj ET Q q 0 0 0 rg BT 177.27 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.10 694.10 Td (operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 676.10 Td (Exposure ) Tj ET Q q 0 0 0 rg BT 100.11 676.10 Td (to ) Tj ET Q q 0 0 0 rg BT 109.55 676.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 141.20 676.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 179.52 676.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 230.64 676.10 Td (may ) Tj ET Q q 0 0 0 rg BT 249.51 676.10 Td (af) Tj ET Q q 0 0 0 rg BT 257.66 676.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 274.31 676.10 Td (our ) Tj ET Q q 0 0 0 rg BT 290.42 676.10 Td (results ) Tj ET Q q 0 0 0 rg BT 319.31 676.10 Td (from ) Tj ET Q q 0 0 0 rg BT 340.96 676.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 385.96 676.10 Td (or ) Tj ET Q q 0 0 0 rg BT 396.51 676.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 449.85 676.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 471.50 676.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.49 676.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 518.14 676.10 Td (we ) Tj ET Q q 0 0 0 rg BT 530.91 676.10 Td (develop ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.84 664.10 Td (international ) Tj ET Q q 0 0 0 rg BT 117.25 664.10 Td (markets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 646.10 Td (W) Tj ET Q q 0 0 0 rg BT 67.64 646.10 Td (e ) Tj ET Q q 0 0 0 rg BT 74.40 646.10 Td (have ) Tj ET Q q 0 0 0 rg BT 95.61 646.10 Td (sought ) Tj ET Q q 0 0 0 rg BT 124.61 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.71 646.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 179.24 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 189.35 646.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 223.33 646.10 Td (where ) Tj ET Q q 0 0 0 rg BT 250.09 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.63 646.10 Td (host ) Tj ET Q q 0 0 0 rg BT 283.63 646.10 Td (country ) Tj ET Q q 0 0 0 rg BT 316.50 646.10 Td (has ) Tj ET Q q 0 0 0 rg BT 332.16 646.10 Td (allowed ) Tj ET Q q 0 0 0 rg BT 366.15 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.69 646.10 Td (convertibility ) Tj ET Q q 0 0 0 rg BT 436.90 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.55 646.10 Td (its ) Tj ET Q q 0 0 0 rg BT 459.33 646.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 496.63 646.10 Td (into ) Tj ET Q q 0 0 0 rg BT 514.52 646.10 Td (U.S.dollars ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.95 634.10 Td (repatriation ) Tj ET Q q 0 0 0 rg BT 115.55 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.39 634.10 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 165.28 634.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 194.45 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.40 634.10 Td (profits ) Tj ET Q q 0 0 0 rg BT 240.02 634.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 270.85 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.15 634.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 329.75 634.10 Td (with ) Tj ET Q q 0 0 0 rg BT 350.04 634.10 Td (local ) Tj ET Q q 0 0 0 rg BT 371.98 634.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 415.59 634.10 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 472.25 634.10 Td (As ) Tj ET Q q 0 0 0 rg BT 485.87 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.82 634.10 Td (if ) Tj ET Q q 0 0 0 rg BT 511.44 634.10 Td (we ) Tj ET Q q 0 0 0 rg BT 525.62 634.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 548.68 634.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (business ) Tj ET Q q 0 0 0 rg BT 86.43 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 96.76 622.10 Td (other ) Tj ET Q q 0 0 0 rg BT 119.85 622.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 159.04 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.03 622.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 198.55 622.10 Td (new ) Tj ET Q q 0 0 0 rg BT 217.76 622.10 Td (international ) Tj ET Q q 0 0 0 rg BT 270.84 622.10 Td (markets, ) Tj ET Q q 0 0 0 rg BT 307.54 622.10 Td (we ) Tj ET Q q 0 0 0 rg BT 321.74 622.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 350.38 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.70 622.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 387.13 622.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 432.44 622.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 468.87 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 479.19 622.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 510.61 622.10 Td (currencies ) Tj ET Q q 0 0 0 rg BT 554.24 622.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 66.88 610.10 Td (for ) Tj ET Q q 0 0 0 rg BT 80.98 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.64 610.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 147.51 610.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 169.95 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.72 610.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 217.59 610.10 Td (we ) Tj ET Q q 0 0 0 rg BT 231.69 610.10 Td (develop, ) Tj ET Q q 0 0 0 rg BT 268.29 610.10 Td (or ) Tj ET Q q 0 0 0 rg BT 279.06 610.10 Td (for ) Tj ET Q q 0 0 0 rg BT 293.16 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.82 610.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 326.36 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.58 610.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 368.45 610.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 402.55 610.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 447.21 610.10 Td (or ) Tj ET Q q 0 0 0 rg BT 457.99 610.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 486.26 610.10 Td (Currency ) Tj ET Q q 0 0 0 rg BT 525.90 610.10 Td (volatility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.31 598.10 Td (those ) Tj ET Q q 0 0 0 rg BT 83.96 598.10 Td (markets, ) Tj ET Q q 0 0 0 rg BT 120.64 598.10 Td (as ) Tj ET Q q 0 0 0 rg BT 131.51 598.10 Td (well ) Tj ET Q q 0 0 0 rg BT 151.26 598.10 Td (as ) Tj ET Q q 0 0 0 rg BT 162.12 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.88 598.10 Td (ef) Tj ET Q q 0 0 0 rg BT 184.46 598.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 231.42 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.29 598.10 Td (any ) Tj ET Q q 0 0 0 rg BT 259.26 598.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 296.77 598.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 331.52 598.10 Td (strategies ) Tj ET Q q 0 0 0 rg BT 371.82 598.10 Td (we ) Tj ET Q q 0 0 0 rg BT 386.01 598.10 Td (may ) Tj ET Q q 0 0 0 rg BT 405.76 598.10 Td (implement, ) Tj ET Q q 0 0 0 rg BT 453.56 598.10 Td (may ) Tj ET Q q 0 0 0 rg BT 473.32 598.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 503.06 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.81 598.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 550.34 598.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.71 586.10 Td (required ) Tj ET Q q 0 0 0 rg BT 100.52 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 110.80 586.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 137.19 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 147.47 586.10 Td (new ) Tj ET Q q 0 0 0 rg BT 166.63 586.10 Td (projects, ) Tj ET Q q 0 0 0 rg BT 203.28 586.10 Td (as ) Tj ET Q q 0 0 0 rg BT 214.11 586.10 Td (well ) Tj ET Q q 0 0 0 rg BT 233.83 586.10 Td (as ) Tj ET Q q 0 0 0 rg BT 244.66 586.10 Td (our ) Tj ET Q q 0 0 0 rg BT 260.49 586.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 296.30 586.10 Td (results.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 568.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 78.17 568.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 109.58 568.10 Td (could ) Tj ET Q q 0 0 0 rg BT 134.85 568.10 Td (strain ) Tj ET Q q 0 0 0 rg BT 161.26 568.10 Td (our ) Tj ET Q q 0 0 0 rg BT 178.21 568.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 220.15 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.21 568.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 264.04 568.10 Td (our ) Tj ET Q q 0 0 0 rg BT 281.00 568.10 Td (business ) Tj ET Q q 0 0 0 rg BT 318.51 568.10 Td (to ) Tj ET Q q 0 0 0 rg BT 328.79 568.10 Td (suf) Tj ET Q q 0 0 0 rg BT 341.39 568.10 Td (fer) Tj ET Q q 0 0 0 rg BT 352.50 568.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 550.10 Td (W) Tj ET Q q 0 0 0 rg BT 67.64 550.10 Td (e ) Tj ET Q q 0 0 0 rg BT 74.06 550.10 Td (have ) Tj ET Q q 0 0 0 rg BT 94.92 550.10 Td (made ) Tj ET Q q 0 0 0 rg BT 118.56 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.98 550.10 Td (may ) Tj ET Q q 0 0 0 rg BT 154.18 550.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 190.60 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 200.36 550.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 219.56 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 235.99 550.10 Td (execute ) Tj ET Q q 0 0 0 rg BT 268.50 550.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 318.26 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.68 550.10 Td (take ) Tj ET Q q 0 0 0 rg BT 353.32 550.10 Td (other ) Tj ET Q q 0 0 0 rg BT 375.85 550.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 406.16 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.92 550.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 438.46 550.10 Td (our ) Tj ET Q q 0 0 0 rg BT 453.77 550.10 Td (base ) Tj ET Q q 0 0 0 rg BT 473.52 550.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 511.46 550.10 Td (Acquisitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (present ) Tj ET Q q 0 0 0 rg BT 81.77 538.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 126.88 538.10 Td (challenges ) Tj ET Q q 0 0 0 rg BT 171.98 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.31 538.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 211.10 538.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 244.54 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 255.21 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.32 538.10 Td (integration ) Tj ET Q q 0 0 0 rg BT 316.54 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.76 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.88 538.10 Td (business ) Tj ET Q q 0 0 0 rg BT 379.66 538.10 Td (into ) Tj ET Q q 0 0 0 rg BT 398.12 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.23 538.10 Td (company) Tj ET Q q 0 0 0 rg BT 449.23 538.10 Td (. ) Tj ET Q q 0 0 0 rg BT 454.63 538.10 Td (If ) Tj ET Q q 0 0 0 rg BT 464.18 538.10 Td (we ) Tj ET Q q 0 0 0 rg BT 478.74 538.10 Td (make ) Tj ET Q q 0 0 0 rg BT 503.29 538.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 556.46 538.10 Td (it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (could ) Tj ET Q q 0 0 0 rg BT 75.36 526.10 Td (place ) Tj ET Q q 0 0 0 rg BT 99.60 526.10 Td (a ) Tj ET Q q 0 0 0 rg BT 107.19 526.10 Td (strain ) Tj ET Q q 0 0 0 rg BT 132.55 526.10 Td (on ) Tj ET Q q 0 0 0 rg BT 145.70 526.10 Td (our ) Tj ET Q q 0 0 0 rg BT 162.17 526.10 Td (management ) Tj ET Q q 0 0 0 rg BT 216.41 526.10 Td (systems, ) Tj ET Q q 0 0 0 rg BT 253.72 526.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 310.73 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.32 526.10 Td (resources, ) Tj ET Q q 0 0 0 rg BT 371.72 526.10 Td (as ) Tj ET Q q 0 0 0 rg BT 383.20 526.10 Td (well ) Tj ET Q q 0 0 0 rg BT 403.56 526.10 Td (as ) Tj ET Q q 0 0 0 rg BT 415.04 526.10 Td (present ) Tj ET Q q 0 0 0 rg BT 447.06 526.10 Td (new ) Tj ET Q q 0 0 0 rg BT 466.86 526.10 Td (or ) Tj ET Q q 0 0 0 rg BT 478.34 526.10 Td (dif) Tj ET Q q 0 0 0 rg BT 489.27 526.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 515.73 526.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 537.77 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 548.69 526.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 87.92 514.10 Td (W) Tj ET Q q 0 0 0 rg BT 96.56 514.10 Td (e ) Tj ET Q q 0 0 0 rg BT 102.65 514.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 130.40 514.10 Td (that ) Tj ET Q q 0 0 0 rg BT 147.05 514.10 Td (we ) Tj ET Q q 0 0 0 rg BT 160.36 514.10 Td (will ) Tj ET Q q 0 0 0 rg BT 177.57 514.10 Td (need ) Tj ET Q q 0 0 0 rg BT 198.10 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.53 514.10 Td (continually ) Tj ET Q q 0 0 0 rg BT 254.17 514.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 289.14 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.23 514.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 341.87 514.10 Td (our ) Tj ET Q q 0 0 0 rg BT 356.86 514.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 393.49 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 409.58 514.10 Td (managerial ) Tj ET Q q 0 0 0 rg BT 455.65 514.10 Td (controls, ) Tj ET Q q 0 0 0 rg BT 492.02 514.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 530.33 514.10 Td (systems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.83 502.10 Td (procedures. ) Tj ET Q q 0 0 0 rg BT 115.41 502.10 Td (W) Tj ET Q q 0 0 0 rg BT 124.05 502.10 Td (e ) Tj ET Q q 0 0 0 rg BT 130.87 502.10 Td (will ) Tj ET Q q 0 0 0 rg BT 148.82 502.10 Td (also ) Tj ET Q q 0 0 0 rg BT 167.31 502.10 Td (need ) Tj ET Q q 0 0 0 rg BT 188.58 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.74 502.10 Td (expand, ) Tj ET Q q 0 0 0 rg BT 232.51 502.10 Td (train ) Tj ET Q q 0 0 0 rg BT 253.22 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.05 502.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 303.53 502.10 Td (our ) Tj ET Q q 0 0 0 rg BT 319.25 502.10 Td (workforce ) Tj ET Q q 0 0 0 rg BT 362.72 502.10 Td (worldwide. ) Tj ET Q q 0 0 0 rg BT 410.21 502.10 Td (W) Tj ET Q q 0 0 0 rg BT 418.84 502.10 Td (e ) Tj ET Q q 0 0 0 rg BT 425.67 502.10 Td (can ) Tj ET Q q 0 0 0 rg BT 441.94 502.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 474.87 502.10 Td (no ) Tj ET Q q 0 0 0 rg BT 487.26 502.10 Td (assurances ) Tj ET Q q 0 0 0 rg BT 532.40 502.10 Td (that ) Tj ET Q q 0 0 0 rg BT 549.79 502.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (company ) Tj ET Q q 0 0 0 rg BT 89.16 490.10 Td (will ) Tj ET Q q 0 0 0 rg BT 107.21 490.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 140.81 490.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 191.08 490.10 Td (successfully) Tj ET Q q 0 0 0 rg BT 239.31 490.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 472.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 79.02 472.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 107.91 472.10 Td (to ) Tj ET Q q 0 0 0 rg BT 119.03 472.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 171.81 472.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 207.93 472.10 Td (organizational, ) Tj ET Q q 0 0 0 rg BT 273.79 472.10 Td (process ) Tj ET Q q 0 0 0 rg BT 307.69 472.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.59 472.10 Td (cost-ef) Tj ET Q q 0 0 0 rg BT 353.62 472.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 389.16 472.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 432.51 472.10 Td (could ) Tj ET Q q 0 0 0 rg BT 458.63 472.10 Td (strain ) Tj ET Q q 0 0 0 rg BT 485.87 472.10 Td (our ) Tj ET Q q 0 0 0 rg BT 503.67 472.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 546.45 472.10 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (af) Tj ET Q q 0 0 0 rg BT 58.15 460.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 75.63 460.10 Td (our ) Tj ET Q q 0 0 0 rg BT 92.59 460.10 Td (profitability) Tj ET Q q 0 0 0 rg BT 140.55 460.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 442.10 Td (W) Tj ET Q q 0 0 0 rg BT 67.64 442.10 Td (e ) Tj ET Q q 0 0 0 rg BT 75.32 442.10 Td (have ) Tj ET Q q 0 0 0 rg BT 97.45 442.10 Td (made ) Tj ET Q q 0 0 0 rg BT 122.35 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.03 442.10 Td (may ) Tj ET Q q 0 0 0 rg BT 160.49 442.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 198.17 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 209.20 442.10 Td (undertake ) Tj ET Q q 0 0 0 rg BT 251.87 442.10 Td (or) Tj ET Q q 0 0 0 rg BT 260.02 442.10 Td (ganizational, ) Tj ET Q q 0 0 0 rg BT 314.63 442.10 Td (process ) Tj ET Q q 0 0 0 rg BT 347.87 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.55 442.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 384.91 442.10 Td (ef) Tj ET Q q 0 0 0 rg BT 392.49 442.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 427.94 442.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 463.40 442.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 501.08 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 512.10 442.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 548.67 442.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 88.55 430.10 Td (These ) Tj ET Q q 0 0 0 rg BT 114.76 430.10 Td (changes, ) Tj ET Q q 0 0 0 rg BT 151.80 430.10 Td (which ) Tj ET Q q 0 0 0 rg BT 178.57 430.10 Td (may ) Tj ET Q q 0 0 0 rg BT 198.12 430.10 Td (include ) Tj ET Q q 0 0 0 rg BT 229.89 430.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 294.98 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.64 430.10 Td (new ) Tj ET Q q 0 0 0 rg BT 324.63 430.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 358.64 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 375.41 430.10 Td (processes, ) Tj ET Q q 0 0 0 rg BT 418.56 430.10 Td (staf) Tj ET Q q 0 0 0 rg BT 432.81 430.10 Td (f ) Tj ET Q q 0 0 0 rg BT 438.48 430.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 488.58 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.35 430.10 Td (reassignments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 63.21 418.10 Td (responsibilities, ) Tj ET Q q 0 0 0 rg BT 131.15 418.10 Td (are ) Tj ET Q q 0 0 0 rg BT 148.24 418.10 Td (important ) Tj ET Q q 0 0 0 rg BT 192.00 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.67 418.10 Td (our ) Tj ET Q q 0 0 0 rg BT 222.88 418.10 Td (business ) Tj ET Q q 0 0 0 rg BT 261.65 418.10 Td (success. ) Tj ET Q q 0 0 0 rg BT 299.03 418.10 Td (Failure ) Tj ET Q q 0 0 0 rg BT 332.24 418.10 Td (or ) Tj ET Q q 0 0 0 rg BT 345.45 418.10 Td (delay ) Tj ET Q q 0 0 0 rg BT 371.99 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 384.65 418.10 Td (implementing ) Tj ET Q q 0 0 0 rg BT 445.08 418.10 Td (these ) Tj ET Q q 0 0 0 rg BT 470.51 418.10 Td (actions, ) Tj ET Q q 0 0 0 rg BT 506.22 418.10 Td (or ) Tj ET Q q 0 0 0 rg BT 519.43 418.10 Td (inef) Tj ET Q q 0 0 0 rg BT 534.80 418.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 116.15 406.10 Td (could ) Tj ET Q q 0 0 0 rg BT 141.76 406.10 Td (strain ) Tj ET Q q 0 0 0 rg BT 167.37 406.10 Td (our ) Tj ET Q q 0 0 0 rg BT 184.09 406.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 225.24 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.07 406.10 Td (systems, ) Tj ET Q q 0 0 0 rg BT 280.63 406.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 319.01 406.10 Td (in ) Tj ET Q q 0 0 0 rg BT 330.18 406.10 Td (disruption ) Tj ET Q q 0 0 0 rg BT 374.13 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 385.29 406.10 Td (our ) Tj ET Q q 0 0 0 rg BT 402.01 406.10 Td (business ) Tj ET Q q 0 0 0 rg BT 439.30 406.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 468.23 406.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 509.94 406.10 Td (af) Tj ET Q q 0 0 0 rg BT 517.53 406.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 548.68 406.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (results.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 376.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 78.32 376.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 124.30 376.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 162.49 376.10 Td (their ) Tj ET Q q 0 0 0 rg BT 184.58 376.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 219.99 376.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 260.97 376.10 Td (under ) Tj ET Q q 0 0 0 rg BT 288.06 376.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 331.26 376.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 371.68 376.10 Td (and ) Tj ET Q q 0 0 0 rg BT 389.88 376.10 Td (must ) Tj ET Q q 0 0 0 rg BT 412.54 376.10 Td (avoid ) Tj ET Q q 0 0 0 rg BT 437.39 376.10 Td (defaults ) Tj ET Q q 0 0 0 rg BT 472.81 376.10 Td (under ) Tj ET Q q 0 0 0 rg BT 499.91 376.10 Td (those ) Tj ET Q q 0 0 0 rg BT 524.22 376.10 Td (contracts ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.84 364.10 Td (order ) Tj ET Q q 0 0 0 rg BT 85.56 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.84 364.10 Td (service ) Tj ET Q q 0 0 0 rg BT 126.66 364.10 Td (their ) Tj ET Q q 0 0 0 rg BT 148.60 364.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 168.32 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.38 364.10 Td (avoid ) Tj ET Q q 0 0 0 rg BT 211.10 364.10 Td (material ) Tj ET Q q 0 0 0 rg BT 248.04 364.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 281.65 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 291.93 364.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 328.32 364.10 Td (counterparties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 346.10 Td (W) Tj ET Q q 0 0 0 rg BT 67.64 346.10 Td (e ) Tj ET Q q 0 0 0 rg BT 74.50 346.10 Td (must ) Tj ET Q q 0 0 0 rg BT 96.36 346.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 124.89 346.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 177.83 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.69 346.10 Td (other ) Tj ET Q q 0 0 0 rg BT 217.66 346.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 264.52 346.10 Td (under ) Tj ET Q q 0 0 0 rg BT 289.71 346.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 328.22 346.10 Td (governing ) Tj ET Q q 0 0 0 rg BT 371.19 346.10 Td (EfW) Tj ET Q q 0 0 0 rg BT 389.88 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 392.30 346.10 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 431.48 346.10 Td (These ) Tj ET Q q 0 0 0 rg BT 457.77 346.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 496.29 346.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 533.70 346.10 Td (require ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (us ) Tj ET Q q 0 0 0 rg BT 60.89 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 70.66 334.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 92.09 334.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 121.29 334.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 173.81 334.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 204.12 334.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 236.66 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.44 334.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 282.32 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.65 334.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 317.41 334.10 Td (processed, ) Tj ET Q q 0 0 0 rg BT 361.34 334.10 Td (ener) Tj ET Q q 0 0 0 rg BT 378.36 334.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 390.36 334.10 Td (generation ) Tj ET Q q 0 0 0 rg BT 434.56 334.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 455.43 334.10 Td (per ) Tj ET Q q 0 0 0 rg BT 470.20 334.10 Td (ton ) Tj ET Q q 0 0 0 rg BT 484.98 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.30 334.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 520.07 334.10 Td (processed, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (residue ) Tj ET Q q 0 0 0 rg BT 82.35 322.10 Td (quantity ) Tj ET Q q 0 0 0 rg BT 118.60 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 136.52 322.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 197.75 322.10 Td (standards. ) Tj ET Q q 0 0 0 rg BT 241.50 322.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 260.53 322.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 290.10 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.35 322.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 330.94 322.10 Td (these ) Tj ET Q q 0 0 0 rg BT 354.96 322.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 386.75 322.10 Td (may ) Tj ET Q q 0 0 0 rg BT 407.44 322.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 439.24 322.10 Td (us ) Tj ET Q q 0 0 0 rg BT 451.61 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 462.87 322.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 512.44 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.25 322.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 91.10 310.10 Td (If ) Tj ET Q q 0 0 0 rg BT 100.26 310.10 Td (such ) Tj ET Q q 0 0 0 rg BT 121.10 310.10 Td (a ) Tj ET Q q 0 0 0 rg BT 128.04 310.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 176.65 310.10 Td (were ) Tj ET Q q 0 0 0 rg BT 198.58 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.86 310.10 Td (occur) Tj ET Q q 0 0 0 rg BT 230.67 310.10 Td (, ) Tj ET Q q 0 0 0 rg BT 235.67 310.10 Td (we ) Tj ET Q q 0 0 0 rg BT 249.84 310.10 Td (would ) Tj ET Q q 0 0 0 rg BT 277.34 310.10 Td (lose ) Tj ET Q q 0 0 0 rg BT 295.96 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.68 310.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 330.95 310.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 351.79 310.10 Td (related ) Tj ET Q q 0 0 0 rg BT 381.49 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.78 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.50 310.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 440.66 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 457.60 310.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 480.65 310.10 Td (material ) Tj ET Q q 0 0 0 rg BT 515.92 310.10 Td (termination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 83.36 298.10 Td (liability) Tj ET Q q 0 0 0 rg BT 113.82 298.10 Td (, ) Tj ET Q q 0 0 0 rg BT 118.59 298.10 Td (which ) Tj ET Q q 0 0 0 rg BT 145.30 298.10 Td (may ) Tj ET Q q 0 0 0 rg BT 164.78 298.10 Td (be ) Tj ET Q q 0 0 0 rg BT 176.49 298.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 222.62 298.10 Td (by ) Tj ET Q q 0 0 0 rg BT 234.89 298.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 248.54 298.10 Td (In ) Tj ET Q q 0 0 0 rg BT 259.14 298.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 318.05 298.10 Td (where ) Tj ET Q q 0 0 0 rg BT 344.75 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.23 298.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 393.70 298.10 Td (has ) Tj ET Q q 0 0 0 rg BT 409.30 298.10 Td (been ) Tj ET Q q 0 0 0 rg BT 430.45 298.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 475.47 298.10 Td (due ) Tj ET Q q 0 0 0 rg BT 492.18 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 502.23 298.10 Td (our ) Tj ET Q q 0 0 0 rg BT 517.82 298.10 Td (default, ) Tj ET Q q 0 0 0 rg BT 550.36 298.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.89 286.10 Td (not ) Tj ET Q q 0 0 0 rg BT 85.33 286.10 Td (have ) Tj ET Q q 0 0 0 rg BT 106.88 286.10 Td (suf) Tj ET Q q 0 0 0 rg BT 118.92 286.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 147.13 286.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 179.79 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.79 286.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 211.23 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 221.68 286.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 238.79 286.10 Td (such ) Tj ET Q q 0 0 0 rg BT 259.79 286.10 Td (damages. ) Tj ET Q q 0 0 0 rg BT 299.75 286.10 Td (W) Tj ET Q q 0 0 0 rg BT 308.39 286.10 Td (e ) Tj ET Q q 0 0 0 rg BT 315.50 286.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 344.82 286.10 Td (assure ) Tj ET Q q 0 0 0 rg BT 372.48 286.10 Td (you ) Tj ET Q q 0 0 0 rg BT 390.15 286.10 Td (that ) Tj ET Q q 0 0 0 rg BT 407.82 286.10 Td (we ) Tj ET Q q 0 0 0 rg BT 422.15 286.10 Td (will ) Tj ET Q q 0 0 0 rg BT 440.38 286.10 Td (be ) Tj ET Q q 0 0 0 rg BT 452.48 286.10 Td (able ) Tj ET Q q 0 0 0 rg BT 471.81 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.26 286.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 519.36 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 529.81 286.10 Td (perform ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (our ) Tj ET Q q 0 0 0 rg BT 64.98 274.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 107.16 274.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 153.26 274.10 Td (under ) Tj ET Q q 0 0 0 rg BT 177.68 274.10 Td (such ) Tj ET Q q 0 0 0 rg BT 197.66 274.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 235.40 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 244.83 274.10 Td (order ) Tj ET Q q 0 0 0 rg BT 267.58 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.01 274.10 Td (avoid ) Tj ET Q q 0 0 0 rg BT 300.87 274.10 Td (such ) Tj ET Q q 0 0 0 rg BT 320.85 274.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 354.71 274.10 Td (terminations, ) Tj ET Q q 0 0 0 rg BT 408.85 274.10 Td (or ) Tj ET Q q 0 0 0 rg BT 418.83 274.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 455.46 274.10 Td (related ) Tj ET Q q 0 0 0 rg BT 484.32 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.75 274.10 Td (any ) Tj ET Q q 0 0 0 rg BT 509.83 274.10 Td (such ) Tj ET Q q 0 0 0 rg BT 529.81 274.10 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (termination, ) Tj ET Q q 0 0 0 rg BT 101.01 262.10 Td (or ) Tj ET Q q 0 0 0 rg BT 111.75 262.10 Td (that ) Tj ET Q q 0 0 0 rg BT 129.15 262.10 Td (if ) Tj ET Q q 0 0 0 rg BT 137.67 262.10 Td (we ) Tj ET Q q 0 0 0 rg BT 151.74 262.10 Td (could ) Tj ET Q q 0 0 0 rg BT 176.36 262.10 Td (not ) Tj ET Q q 0 0 0 rg BT 191.55 262.10 Td (avoid ) Tj ET Q q 0 0 0 rg BT 216.17 262.10 Td (such ) Tj ET Q q 0 0 0 rg BT 236.91 262.10 Td (terminations ) Tj ET Q q 0 0 0 rg BT 289.31 262.10 Td (that ) Tj ET Q q 0 0 0 rg BT 306.72 262.10 Td (we ) Tj ET Q q 0 0 0 rg BT 320.78 262.10 Td (would ) Tj ET Q q 0 0 0 rg BT 348.19 262.10 Td (have ) Tj ET Q q 0 0 0 rg BT 369.48 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.10 262.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 404.28 262.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 444.45 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 454.64 262.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 471.48 262.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 507.78 262.10 Td (that ) Tj ET Q q 0 0 0 rg BT 525.18 262.10 Td (may ) Tj ET Q q 0 0 0 rg BT 544.81 262.10 Td (then ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (become ) Tj ET Q q 0 0 0 rg BT 83.59 250.10 Td (due.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 232.10 Td (W) Tj ET Q q 0 0 0 rg BT 67.15 232.10 Td (e ) Tj ET Q q 0 0 0 rg BT 74.09 232.10 Td (have ) Tj ET Q q 0 0 0 rg BT 96.03 232.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 134.07 232.10 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 182.13 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.20 232.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 239.92 232.10 Td (support ) Tj ET Q q 0 0 0 rg BT 273.55 232.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.39 232.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 332.44 232.10 Td (with ) Tj ET Q q 0 0 0 rg BT 352.73 232.10 Td (our ) Tj ET Q q 0 0 0 rg BT 369.68 232.10 Td (projects.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 215.10 Td (W) Tj ET Q q 0 0 0 rg BT 67.64 215.10 Td (e ) Tj ET Q q 0 0 0 rg BT 74.58 215.10 Td (are ) Tj ET Q q 0 0 0 rg BT 89.28 215.10 Td (obligated ) Tj ET Q q 0 0 0 rg BT 129.00 215.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.27 215.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 180.64 215.10 Td (or ) Tj ET Q q 0 0 0 rg BT 191.47 215.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 224.51 215.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 261.99 215.10 Td (support ) Tj ET Q q 0 0 0 rg BT 294.49 215.10 Td (for ) Tj ET Q q 0 0 0 rg BT 308.65 215.10 Td (our ) Tj ET Q q 0 0 0 rg BT 324.48 215.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 358.64 215.10 Td (in ) Tj ET Q q 0 0 0 rg BT 368.92 215.10 Td (one ) Tj ET Q q 0 0 0 rg BT 385.86 215.10 Td (or ) Tj ET Q q 0 0 0 rg BT 396.69 215.10 Td (more ) Tj ET Q q 0 0 0 rg BT 419.73 215.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.56 215.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.28 215.10 Td (following ) Tj ET Q q 0 0 0 rg BT 486.67 215.10 Td (forms:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 197.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 197.10 Td (support ) Tj ET Q q 0 0 0 rg BT 100.50 197.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 148.53 197.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.81 197.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 205.18 197.10 Td (with ) Tj ET Q q 0 0 0 rg BT 225.46 197.10 Td (construction, ) Tj ET Q q 0 0 0 rg BT 279.89 197.10 Td (service ) Tj ET Q q 0 0 0 rg BT 310.71 197.10 Td (or ) Tj ET Q q 0 0 0 rg BT 321.54 197.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 361.80 197.10 Td (agreement-related ) Tj ET Q q 0 0 0 rg BT 436.48 197.10 Td (obligations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 185.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 185.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 93.26 185.10 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 138.52 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.35 185.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 179.05 185.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 198.77 185.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 231.81 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 242.09 185.10 Td (our ) Tj ET Q q 0 0 0 rg BT 257.92 185.10 Td (facilities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 173.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 173.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 112.71 173.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 159.66 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 169.93 173.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 186.87 173.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 209.36 173.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 246.29 173.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 297.12 173.10 Td (in ) Tj ET Q q 0 0 0 rg BT 307.40 173.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 353.77 173.10 Td (with ) Tj ET Q q 0 0 0 rg BT 374.05 173.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 403.75 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.58 173.10 Td (our ) Tj ET Q q 0 0 0 rg BT 430.41 173.10 Td (facilities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 161.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 161.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 116.03 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.31 161.10 Td (arrange ) Tj ET Q q 0 0 0 rg BT 158.79 161.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 199.05 161.10 Td (for ) Tj ET Q q 0 0 0 rg BT 213.21 161.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 247.37 161.10 Td (under ) Tj ET Q q 0 0 0 rg BT 272.63 161.10 Td (development;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 149.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 149.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 112.71 149.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 137.98 149.10 Td (support ) Tj ET Q q 0 0 0 rg BT 170.48 149.10 Td (for ) Tj ET Q q 0 0 0 rg BT 184.64 149.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 222.12 149.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 251.84 149.10 Td (from ) Tj ET Q q 0 0 0 rg BT 273.78 149.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 326.80 149.10 Td (failures;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 137.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 137.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 128.26 137.10 Td (indemnities;and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 125.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 125.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 112.99 125.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 142.42 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.63 125.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 185.17 125.10 Td (support ) Tj ET Q q 0 0 0 rg BT 217.95 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 228.51 125.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 260.71 125.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 285.99 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 296.54 125.10 Td (most ) Tj ET Q q 0 0 0 rg BT 318.77 125.10 Td (cases ) Tj ET Q q 0 0 0 rg BT 342.64 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 353.20 125.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 399.85 125.10 Td (with ) Tj ET Q q 0 0 0 rg BT 420.40 125.10 Td (a ) Tj ET Q q 0 0 0 rg BT 427.62 125.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 487.60 125.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 523.13 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 533.69 125.10 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 113.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 89.10 113.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 122.14 113.10 Td (to ) Tj ET Q q 0 0 0 rg BT 132.42 113.10 Td (uncontrollable ) Tj ET Q q 0 0 0 rg BT 192.68 113.10 Td (circumstances.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 95.10 Td (Many ) Tj ET Q q 0 0 0 rg BT 85.40 95.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.81 95.10 Td (these ) Tj ET Q q 0 0 0 rg BT 120.43 95.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 165.71 95.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 213.23 95.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 242.96 95.10 Td (readily ) Tj ET Q q 0 0 0 rg BT 273.80 95.10 Td (be ) Tj ET Q q 0 0 0 rg BT 286.31 95.10 Td (quantified, ) Tj ET Q q 0 0 0 rg BT 332.43 95.10 Td (but, ) Tj ET Q q 0 0 0 rg BT 350.78 95.10 Td (if ) Tj ET Q q 0 0 0 rg BT 359.96 95.10 Td (we ) Tj ET Q q 0 0 0 rg BT 374.69 95.10 Td (were ) Tj ET Q q 0 0 0 rg BT 397.20 95.10 Td (required ) Tj ET Q q 0 0 0 rg BT 433.58 95.10 Td (to ) Tj ET Q q 0 0 0 rg BT 444.44 95.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 478.06 95.10 Td (this ) Tj ET Q q 0 0 0 rg BT 495.58 95.10 Td (support, ) Tj ET Q q 0 0 0 rg BT 531.15 95.10 Td (it ) Tj ET Q q 0 0 0 rg BT 539.78 95.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 93.04 83.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.98 83.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 150.79 83.10 Td (af) Tj ET Q q 0 0 0 rg BT 158.38 83.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 175.86 83.10 Td (our ) Tj ET Q q 0 0 0 rg BT 191.69 83.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 211.96 83.10 Td (flow) Tj ET Q q 0 0 0 rg BT 229.64 83.10 Td (, ) Tj ET Q q 0 0 0 rg BT 234.64 83.10 Td (results ) Tj ET Q q 0 0 0 rg BT 263.25 83.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.08 83.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 318.24 83.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.18 83.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 372.66 83.10 Td (condition.) Tj ET Q endstream endobj 55 0 obj <>] /Rotate 0 /Contents 56 0 R>> endobj 56 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (27) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 742.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 78.17 742.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 124.02 742.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 155.96 742.25 Td (on ) Tj ET Q q 0 0 0 rg BT 169.02 742.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 224.29 742.25 Td (by ) Tj ET Q q 0 0 0 rg BT 236.23 742.25 Td (third ) Tj ET Q q 0 0 0 rg BT 258.74 742.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 289.01 742.25 Td (under ) Tj ET Q q 0 0 0 rg BT 315.97 742.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 365.69 742.25 Td (arrangements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 724.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 77.71 724.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 103.63 724.25 Td (and ) Tj ET Q q 0 0 0 rg BT 121.23 724.25 Td (ener) Tj ET Q q 0 0 0 rg BT 138.26 724.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 151.41 724.25 Td (services ) Tj ET Q q 0 0 0 rg BT 186.78 724.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 232.15 724.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 264.19 724.25 Td (on ) Tj ET Q q 0 0 0 rg BT 277.34 724.25 Td (a ) Tj ET Q q 0 0 0 rg BT 284.94 724.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 316.43 724.25 Td (number ) Tj ET Q q 0 0 0 rg BT 350.13 724.25 Td (of ) Tj ET Q q 0 0 0 rg BT 361.62 724.25 Td (third ) Tj ET Q q 0 0 0 rg BT 383.66 724.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 413.47 724.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 426.91 724.25 Td (among ) Tj ET Q q 0 0 0 rg BT 457.28 724.25 Td (other ) Tj ET Q q 0 0 0 rg BT 480.98 724.25 Td (things, ) Tj ET Q q 0 0 0 rg BT 511.09 724.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 549.78 724.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (electric ) Tj ET Q q 0 0 0 rg BT 81.83 712.25 Td (and ) Tj ET Q q 0 0 0 rg BT 98.68 712.25 Td (steam ) Tj ET Q q 0 0 0 rg BT 124.42 712.25 Td (ener) Tj ET Q q 0 0 0 rg BT 141.44 712.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 153.85 712.25 Td (produced ) Tj ET Q q 0 0 0 rg BT 193.47 712.25 Td (by ) Tj ET Q q 0 0 0 rg BT 205.88 712.25 Td (our ) Tj ET Q q 0 0 0 rg BT 221.62 712.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 260.96 712.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 290.04 712.25 Td (and ) Tj ET Q q 0 0 0 rg BT 306.89 712.25 Td (deliver ) Tj ET Q q 0 0 0 rg BT 337.07 712.25 Td (the ) Tj ET Q q 0 0 0 rg BT 351.70 712.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 376.88 712.25 Td (and ) Tj ET Q q 0 0 0 rg BT 393.73 712.25 Td (other ) Tj ET Q q 0 0 0 rg BT 416.68 712.25 Td (goods ) Tj ET Q q 0 0 0 rg BT 442.99 712.25 Td (and ) Tj ET Q q 0 0 0 rg BT 459.84 712.25 Td (services ) Tj ET Q q 0 0 0 rg BT 494.46 712.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 535.73 712.25 Td (for ) Tj ET Q q 0 0 0 rg BT 549.80 712.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 90.50 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 101.56 700.25 Td (our ) Tj ET Q q 0 0 0 rg BT 117.63 700.25 Td (ener) Tj ET Q q 0 0 0 rg BT 134.65 700.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 147.39 700.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 187.05 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.22 700.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 242.50 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.45 700.25 Td (metals ) Tj ET Q q 0 0 0 rg BT 286.28 700.25 Td (we ) Tj ET Q q 0 0 0 rg BT 300.68 700.25 Td (recover) Tj ET Q q 0 0 0 rg BT 330.10 700.25 Td (. ) Tj ET Q q 0 0 0 rg BT 335.14 700.25 Td (The ) Tj ET Q q 0 0 0 rg BT 353.42 700.25 Td (viability ) Tj ET Q q 0 0 0 rg BT 389.48 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 400.55 700.25 Td (our ) Tj ET Q q 0 0 0 rg BT 416.61 700.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 453.78 700.25 Td (depends ) Tj ET Q q 0 0 0 rg BT 489.28 700.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 542.00 700.25 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.32 688.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 116.95 688.25 Td (by ) Tj ET Q q 0 0 0 rg BT 129.06 688.25 Td (third ) Tj ET Q q 0 0 0 rg BT 150.05 688.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 178.82 688.25 Td (in ) Tj ET Q q 0 0 0 rg BT 188.70 688.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 235.77 688.25 Td (with ) Tj ET Q q 0 0 0 rg BT 255.65 688.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 297.19 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 313.74 688.25 Td (short-term ) Tj ET Q q 0 0 0 rg BT 357.50 688.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 398.20 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 414.75 688.25 Td (such ) Tj ET Q q 0 0 0 rg BT 435.19 688.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 487.81 688.25 Td (depends ) Tj ET Q q 0 0 0 rg BT 522.69 688.25 Td (on ) Tj ET Q q 0 0 0 rg BT 534.80 688.25 Td (factors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (which ) Tj ET Q q 0 0 0 rg BT 77.35 676.25 Td (may ) Tj ET Q q 0 0 0 rg BT 97.48 676.25 Td (be ) Tj ET Q q 0 0 0 rg BT 109.83 676.25 Td (beyond ) Tj ET Q q 0 0 0 rg BT 142.18 676.25 Td (our ) Tj ET Q q 0 0 0 rg BT 158.43 676.25 Td (control. ) Tj ET Q q 0 0 0 rg BT 192.16 676.25 Td (If ) Tj ET Q q 0 0 0 rg BT 201.74 676.25 Td (those ) Tj ET Q q 0 0 0 rg BT 225.76 676.25 Td (third ) Tj ET Q q 0 0 0 rg BT 247.56 676.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 277.12 676.25 Td (do ) Tj ET Q q 0 0 0 rg BT 290.04 676.25 Td (not ) Tj ET Q q 0 0 0 rg BT 305.73 676.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 340.85 676.25 Td (their ) Tj ET Q q 0 0 0 rg BT 362.08 676.25 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 411.94 676.25 Td (or ) Tj ET Q q 0 0 0 rg BT 423.18 676.25 Td (are ) Tj ET Q q 0 0 0 rg BT 438.30 676.25 Td (excused ) Tj ET Q q 0 0 0 rg BT 473.42 676.25 Td (from ) Tj ET Q q 0 0 0 rg BT 495.77 676.25 Td (performing ) Tj ET Q q 0 0 0 rg BT 543.67 676.25 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 97.36 664.25 Td (because ) Tj ET Q q 0 0 0 rg BT 131.92 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 143.17 664.25 Td (nonperformance ) Tj ET Q q 0 0 0 rg BT 211.61 664.25 Td (by ) Tj ET Q q 0 0 0 rg BT 224.52 664.25 Td (our ) Tj ET Q q 0 0 0 rg BT 240.77 664.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 266.46 664.25 Td (and ) Tj ET Q q 0 0 0 rg BT 283.81 664.25 Td (ener) Tj ET Q q 0 0 0 rg BT 300.84 664.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 313.75 664.25 Td (services ) Tj ET Q q 0 0 0 rg BT 348.88 664.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 394.02 664.25 Td (or ) Tj ET Q q 0 0 0 rg BT 405.26 664.25 Td (other ) Tj ET Q q 0 0 0 rg BT 428.73 664.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 458.30 664.25 Td (to ) Tj ET Q q 0 0 0 rg BT 468.99 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 484.13 664.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 525.64 664.25 Td (or ) Tj ET Q q 0 0 0 rg BT 536.88 664.25 Td (due ) Tj ET Q q 0 0 0 rg BT 554.24 664.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (force ) Tj ET Q q 0 0 0 rg BT 74.15 652.25 Td (majeure ) Tj ET Q q 0 0 0 rg BT 109.96 652.25 Td (events ) Tj ET Q q 0 0 0 rg BT 139.12 652.25 Td (or ) Tj ET Q q 0 0 0 rg BT 151.06 652.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 186.87 652.25 Td (in ) Tj ET Q q 0 0 0 rg BT 198.26 652.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 220.20 652.25 Td (or ) Tj ET Q q 0 0 0 rg BT 232.14 652.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 282.68 652.25 Td (our ) Tj ET Q q 0 0 0 rg BT 299.62 652.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 345.46 652.25 Td (may ) Tj ET Q q 0 0 0 rg BT 366.28 652.25 Td (not ) Tj ET Q q 0 0 0 rg BT 382.67 652.25 Td (be ) Tj ET Q q 0 0 0 rg BT 395.72 652.25 Td (able ) Tj ET Q q 0 0 0 rg BT 415.98 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 427.37 652.25 Td (secure ) Tj ET Q q 0 0 0 rg BT 456.52 652.25 Td (alternate ) Tj ET Q q 0 0 0 rg BT 494.55 652.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 552.02 652.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 102.81 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.28 640.25 Td (same ) Tj ET Q q 0 0 0 rg BT 140.09 640.25 Td (terms, ) Tj ET Q q 0 0 0 rg BT 167.06 640.25 Td (or ) Tj ET Q q 0 0 0 rg BT 177.65 640.25 Td (at ) Tj ET Q q 0 0 0 rg BT 187.12 640.25 Td (all. ) Tj ET Q q 0 0 0 rg BT 201.88 640.25 Td (In ) Tj ET Q q 0 0 0 rg BT 212.46 640.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 249.99 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.47 640.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 311.71 640.25 Td (or ) Tj ET Q q 0 0 0 rg BT 322.30 640.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 359.54 640.25 Td (stability ) Tj ET Q q 0 0 0 rg BT 394.01 640.25 Td (of ) Tj ET Q q 0 0 0 rg BT 404.60 640.25 Td (third ) Tj ET Q q 0 0 0 rg BT 425.75 640.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 454.66 640.25 Td (with ) Tj ET Q q 0 0 0 rg BT 474.69 640.25 Td (whom ) Tj ET Q q 0 0 0 rg BT 501.95 640.25 Td (we ) Tj ET Q q 0 0 0 rg BT 515.87 640.25 Td (do ) Tj ET Q q 0 0 0 rg BT 528.13 640.25 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (could ) Tj ET Q q 0 0 0 rg BT 74.30 628.25 Td (result ) Tj ET Q q 0 0 0 rg BT 98.61 628.25 Td (in ) Tj ET Q q 0 0 0 rg BT 108.47 628.25 Td (nonpayment ) Tj ET Q q 0 0 0 rg BT 159.99 628.25 Td (or ) Tj ET Q q 0 0 0 rg BT 170.41 628.25 Td (nonperformance ) Tj ET Q q 0 0 0 rg BT 238.02 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 248.43 628.25 Td (that ) Tj ET Q q 0 0 0 rg BT 265.51 628.25 Td (party) Tj ET Q q 0 0 0 rg BT 288.84 628.25 Td (s ) Tj ET Q q 0 0 0 rg BT 294.82 628.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 341.35 628.25 Td (to ) Tj ET Q q 0 0 0 rg BT 351.21 628.25 Td (us. ) Tj ET Q q 0 0 0 rg BT 364.54 628.25 Td (The ) Tj ET Q q 0 0 0 rg BT 382.17 628.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 423.13 628.25 Td (slowdown ) Tj ET Q q 0 0 0 rg BT 466.33 628.25 Td (and ) Tj ET Q q 0 0 0 rg BT 482.86 628.25 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 529.39 628.25 Td (in ) Tj ET Q q 0 0 0 rg BT 539.26 628.25 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 84.16 616.25 Td (have ) Tj ET Q q 0 0 0 rg BT 105.53 616.25 Td (strained ) Tj ET Q q 0 0 0 rg BT 139.69 616.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 179.95 616.25 Td (of ) Tj ET Q q 0 0 0 rg BT 190.78 616.25 Td (these ) Tj ET Q q 0 0 0 rg BT 213.82 616.25 Td (third ) Tj ET Q q 0 0 0 rg BT 235.21 616.25 Td (parties, ) Tj ET Q q 0 0 0 rg BT 266.87 616.25 Td (and ) Tj ET Q q 0 0 0 rg BT 283.80 616.25 Td (could ) Tj ET Q q 0 0 0 rg BT 308.52 616.25 Td (make ) Tj ET Q q 0 0 0 rg BT 332.68 616.25 Td (it ) Tj ET Q q 0 0 0 rg BT 340.73 616.25 Td (dif) Tj ET Q q 0 0 0 rg BT 351.66 616.25 Td (ficult ) Tj ET Q q 0 0 0 rg BT 375.26 616.25 Td (for ) Tj ET Q q 0 0 0 rg BT 389.42 616.25 Td (them ) Tj ET Q q 0 0 0 rg BT 411.92 616.25 Td (to ) Tj ET Q q 0 0 0 rg BT 422.20 616.25 Td (honor ) Tj ET Q q 0 0 0 rg BT 448.03 616.25 Td (their ) Tj ET Q q 0 0 0 rg BT 468.85 616.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 515.80 616.25 Td (to ) Tj ET Q q 0 0 0 rg BT 526.07 616.25 Td (us.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 598.25 Td (W) Tj ET Q q 0 0 0 rg BT 67.15 598.25 Td (e ) Tj ET Q q 0 0 0 rg BT 74.09 598.25 Td (are ) Tj ET Q q 0 0 0 rg BT 89.92 598.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 121.30 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 131.58 598.25 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 186.86 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.92 598.25 Td (market ) Tj ET Q q 0 0 0 rg BT 236.31 598.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 254.37 598.25 Td (with ) Tj ET Q q 0 0 0 rg BT 274.66 598.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 306.04 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 316.31 598.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 369.39 598.25 Td (with ) Tj ET Q q 0 0 0 rg BT 389.67 598.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 429.40 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 447.46 598.25 Td (other ) Tj ET Q q 0 0 0 rg BT 471.63 598.25 Td (institutions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 580.25 Td (Following ) Tj ET Q q 0 0 0 rg BT 102.50 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.11 580.25 Td (expiration ) Tj ET Q q 0 0 0 rg BT 160.04 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 170.75 580.25 Td (our ) Tj ET Q q 0 0 0 rg BT 186.47 580.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 212.19 580.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 250.67 580.25 Td (to ) Tj ET Q q 0 0 0 rg BT 260.83 580.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 277.11 580.25 Td (electricity ) Tj ET Q q 0 0 0 rg BT 319.47 580.25 Td (from ) Tj ET Q q 0 0 0 rg BT 341.29 580.25 Td (our ) Tj ET Q q 0 0 0 rg BT 357.01 580.25 Td (projects, ) Tj ET Q q 0 0 0 rg BT 393.55 580.25 Td (we ) Tj ET Q q 0 0 0 rg BT 407.60 580.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 436.08 580.25 Td (to ) Tj ET Q q 0 0 0 rg BT 446.25 580.25 Td (have ) Tj ET Q q 0 0 0 rg BT 467.51 580.25 Td (on ) Tj ET Q q 0 0 0 rg BT 479.90 580.25 Td (a ) Tj ET Q q 0 0 0 rg BT 486.72 580.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 519.09 580.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 541.47 580.25 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 88.15 568.25 Td (to ) Tj ET Q q 0 0 0 rg BT 97.98 568.25 Td (market ) Tj ET Q q 0 0 0 rg BT 127.79 568.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 147.34 568.25 Td (and ) Tj ET Q q 0 0 0 rg BT 163.83 568.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 201.96 568.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 235.66 568.25 Td (fluctuations, ) Tj ET Q q 0 0 0 rg BT 287.42 568.25 Td (in ) Tj ET Q q 0 0 0 rg BT 297.25 568.25 Td (ener) Tj ET Q q 0 0 0 rg BT 314.27 568.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 326.32 568.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 360.03 568.25 Td (than ) Tj ET Q q 0 0 0 rg BT 379.29 568.25 Td (in ) Tj ET Q q 0 0 0 rg BT 389.12 568.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 413.94 568.25 Td (markets. ) Tj ET Q q 0 0 0 rg BT 450.15 568.25 Td (Consequently) Tj ET Q q 0 0 0 rg BT 504.49 568.25 Td (, ) Tj ET Q q 0 0 0 rg BT 509.04 568.25 Td (we ) Tj ET Q q 0 0 0 rg BT 522.75 568.25 Td (may ) Tj ET Q q 0 0 0 rg BT 542.02 568.25 Td (enter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (into ) Tj ET Q q 0 0 0 rg BT 67.45 556.25 Td (futures, ) Tj ET Q q 0 0 0 rg BT 99.61 556.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 133.15 556.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 173.63 556.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 199.97 556.25 Td (or ) Tj ET Q q 0 0 0 rg BT 210.19 556.25 Td (options ) Tj ET Q q 0 0 0 rg BT 241.53 556.25 Td (with ) Tj ET Q q 0 0 0 rg BT 261.20 556.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 298.07 556.25 Td (institutions ) Tj ET Q q 0 0 0 rg BT 344.41 556.25 Td (to ) Tj ET Q q 0 0 0 rg BT 354.08 556.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 379.85 556.25 Td (our ) Tj ET Q q 0 0 0 rg BT 395.07 556.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 433.06 556.25 Td (to ) Tj ET Q q 0 0 0 rg BT 442.73 556.25 Td (market ) Tj ET Q q 0 0 0 rg BT 472.39 556.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 489.28 556.25 Td (in ) Tj ET Q q 0 0 0 rg BT 498.95 556.25 Td (ener) Tj ET Q q 0 0 0 rg BT 515.97 556.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 527.86 556.25 Td (markets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 544.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.58 544.25 Td (can ) Tj ET Q q 0 0 0 rg BT 81.95 544.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 115.00 544.25 Td (no ) Tj ET Q q 0 0 0 rg BT 127.50 544.25 Td (assurances ) Tj ET Q q 0 0 0 rg BT 172.76 544.25 Td (as ) Tj ET Q q 0 0 0 rg BT 183.59 544.25 Td (to ) Tj ET Q q 0 0 0 rg BT 193.87 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 208.58 544.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 246.06 544.25 Td (stability ) Tj ET Q q 0 0 0 rg BT 280.79 544.25 Td (or ) Tj ET Q q 0 0 0 rg BT 291.62 544.25 Td (viability ) Tj ET Q q 0 0 0 rg BT 327.45 544.25 Td (of ) Tj ET Q q 0 0 0 rg BT 338.28 544.25 Td (these ) Tj ET Q q 0 0 0 rg BT 361.32 544.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 398.80 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 415.74 544.25 Td (other ) Tj ET Q q 0 0 0 rg BT 438.79 544.25 Td (institutions.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 526.25 Td (Concentration ) Tj ET Q q 0 0 0 rg BT 120.96 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 131.79 526.25 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 171.52 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 189.58 526.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 233.75 526.25 Td (may ) Tj ET Q q 0 0 0 rg BT 253.47 526.25 Td (expose ) Tj ET Q q 0 0 0 rg BT 283.74 526.25 Td (us ) Tj ET Q q 0 0 0 rg BT 295.69 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 305.97 526.25 Td (heightened ) Tj ET Q q 0 0 0 rg BT 354.02 526.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 393.75 526.25 Td (exposure.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 508.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 77.44 508.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 103.09 508.25 Td (and ) Tj ET Q q 0 0 0 rg BT 120.41 508.25 Td (ener) Tj ET Q q 0 0 0 rg BT 137.44 508.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 150.32 508.25 Td (services ) Tj ET Q q 0 0 0 rg BT 185.42 508.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 230.52 508.25 Td (often ) Tj ET Q q 0 0 0 rg BT 253.95 508.25 Td (rely ) Tj ET Q q 0 0 0 rg BT 272.39 508.25 Td (on ) Tj ET Q q 0 0 0 rg BT 285.27 508.25 Td (single ) Tj ET Q q 0 0 0 rg BT 312.04 508.25 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 351.04 508.25 Td (and ) Tj ET Q q 0 0 0 rg BT 368.36 508.25 Td (single ) Tj ET Q q 0 0 0 rg BT 395.13 508.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 438.56 508.25 Td (at ) Tj ET Q q 0 0 0 rg BT 448.66 508.25 Td (our ) Tj ET Q q 0 0 0 rg BT 464.88 508.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 504.69 508.25 Td (exposing ) Tj ET Q q 0 0 0 rg BT 543.68 508.25 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 86.93 496.25 Td (to ) Tj ET Q q 0 0 0 rg BT 97.21 496.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 134.69 496.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 156.08 496.25 Td (if ) Tj ET Q q 0 0 0 rg BT 164.69 496.25 Td (any ) Tj ET Q q 0 0 0 rg BT 181.63 496.25 Td (supplier ) Tj ET Q q 0 0 0 rg BT 216.34 496.25 Td (or ) Tj ET Q q 0 0 0 rg BT 227.17 496.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 266.33 496.25 Td (should ) Tj ET Q q 0 0 0 rg BT 295.50 496.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 311.32 496.25 Td (to ) Tj ET Q q 0 0 0 rg BT 321.60 496.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 356.31 496.25 Td (its ) Tj ET Q q 0 0 0 rg BT 368.26 496.25 Td (obligations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 478.25 Td (For ) Tj ET Q q 0 0 0 rg BT 75.34 478.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 114.16 478.25 Td (our ) Tj ET Q q 0 0 0 rg BT 129.94 478.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 174.62 478.25 Td (often ) Tj ET Q q 0 0 0 rg BT 197.61 478.25 Td (rely ) Tj ET Q q 0 0 0 rg BT 215.61 478.25 Td (on ) Tj ET Q q 0 0 0 rg BT 228.06 478.25 Td (a ) Tj ET Q q 0 0 0 rg BT 234.95 478.25 Td (single ) Tj ET Q q 0 0 0 rg BT 261.29 478.25 Td (supplier ) Tj ET Q q 0 0 0 rg BT 295.95 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 306.18 478.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 339.18 478.25 Td (waste, ) Tj ET Q q 0 0 0 rg BT 366.90 478.25 Td (fuel, ) Tj ET Q q 0 0 0 rg BT 387.39 478.25 Td (water ) Tj ET Q q 0 0 0 rg BT 412.05 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 428.94 478.25 Td (other ) Tj ET Q q 0 0 0 rg BT 451.94 478.25 Td (services ) Tj ET Q q 0 0 0 rg BT 486.59 478.25 Td (required ) Tj ET Q q 0 0 0 rg BT 522.36 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 532.59 478.25 Td (operate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.97 466.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 87.82 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 104.79 466.25 Td (on ) Tj ET Q q 0 0 0 rg BT 117.31 466.25 Td (a ) Tj ET Q q 0 0 0 rg BT 124.28 466.25 Td (single ) Tj ET Q q 0 0 0 rg BT 150.70 466.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 189.88 466.25 Td (or ) Tj ET Q q 0 0 0 rg BT 200.74 466.25 Td (a ) Tj ET Q q 0 0 0 rg BT 207.71 466.25 Td (few ) Tj ET Q q 0 0 0 rg BT 225.23 466.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 268.31 466.25 Td (to ) Tj ET Q q 0 0 0 rg BT 278.61 466.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 316.68 466.25 Td (all ) Tj ET Q q 0 0 0 rg BT 329.20 466.25 Td (or ) Tj ET Q q 0 0 0 rg BT 340.06 466.25 Td (a ) Tj ET Q q 0 0 0 rg BT 347.03 466.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 391.77 466.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 423.19 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 434.05 466.25 Td (a ) Tj ET Q q 0 0 0 rg BT 441.02 466.25 Td (facility) Tj ET Q q 0 0 0 rg BT 472.11 466.25 Td (s ) Tj ET Q q 0 0 0 rg BT 478.54 466.25 Td (output. ) Tj ET Q q 0 0 0 rg BT 508.94 466.25 Td (The ) Tj ET Q q 0 0 0 rg BT 527.01 466.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 102.77 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 113.35 454.25 Td (these ) Tj ET Q q 0 0 0 rg BT 136.15 454.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 172.83 454.25 Td (depends ) Tj ET Q q 0 0 0 rg BT 207.85 454.25 Td (on ) Tj ET Q q 0 0 0 rg BT 220.10 454.25 Td (such ) Tj ET Q q 0 0 0 rg BT 240.68 454.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 283.47 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 300.16 454.25 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 338.52 454.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 383.54 454.25 Td (to ) Tj ET Q q 0 0 0 rg BT 393.57 454.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 428.03 454.25 Td (their ) Tj ET Q q 0 0 0 rg BT 448.60 454.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 495.30 454.25 Td (under ) Tj ET Q q 0 0 0 rg BT 520.32 454.25 Td (their ) Tj ET Q q 0 0 0 rg BT 540.89 454.25 Td (long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (term ) Tj ET Q q 0 0 0 rg BT 70.92 442.25 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 120.98 442.25 Td (A) Tj ET Q q 0 0 0 rg BT 127.65 442.25 Td ( ) Tj ET Q q 0 0 0 rg BT 130.24 442.25 Td (facility) Tj ET Q q 0 0 0 rg BT 161.34 442.25 Td (s ) Tj ET Q q 0 0 0 rg BT 167.83 442.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 205.41 442.25 Td (results ) Tj ET Q q 0 0 0 rg BT 234.11 442.25 Td (could ) Tj ET Q q 0 0 0 rg BT 258.93 442.25 Td (be ) Tj ET Q q 0 0 0 rg BT 270.96 442.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 314.10 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 331.13 442.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 372.04 442.25 Td (af) Tj ET Q q 0 0 0 rg BT 379.63 442.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 406.65 442.25 Td (if ) Tj ET Q q 0 0 0 rg BT 415.36 442.25 Td (any ) Tj ET Q q 0 0 0 rg BT 432.39 442.25 Td (one ) Tj ET Q q 0 0 0 rg BT 449.43 442.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 488.68 442.25 Td (or ) Tj ET Q q 0 0 0 rg BT 499.61 442.25 Td (supplier ) Tj ET Q q 0 0 0 rg BT 534.42 442.25 Td (fails ) Tj ET Q q 0 0 0 rg BT 554.23 442.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (fulfill ) Tj ET Q q 0 0 0 rg BT 75.09 430.25 Td (its ) Tj ET Q q 0 0 0 rg BT 86.86 430.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 133.60 430.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 180.37 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 197.13 430.25 Td (we ) Tj ET Q q 0 0 0 rg BT 211.11 430.25 Td (are ) Tj ET Q q 0 0 0 rg BT 225.64 430.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 254.61 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 264.71 430.25 Td (find ) Tj ET Q q 0 0 0 rg BT 283.14 430.25 Td (other ) Tj ET Q q 0 0 0 rg BT 306.01 430.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 348.88 430.25 Td (or ) Tj ET Q q 0 0 0 rg BT 359.53 430.25 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 397.96 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 408.05 430.25 Td (produce ) Tj ET Q q 0 0 0 rg BT 442.58 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 457.12 430.25 Td (same ) Tj ET Q q 0 0 0 rg BT 479.99 430.25 Td (level ) Tj ET Q q 0 0 0 rg BT 501.74 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 512.39 430.25 Td (profitability) Tj ET Q q 0 0 0 rg BT 559.51 430.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 418.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.37 418.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 94.31 418.25 Td (assure ) Tj ET Q q 0 0 0 rg BT 121.59 418.25 Td (you ) Tj ET Q q 0 0 0 rg BT 138.88 418.25 Td (that ) Tj ET Q q 0 0 0 rg BT 156.17 418.25 Td (such ) Tj ET Q q 0 0 0 rg BT 176.79 418.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 229.60 418.25 Td (failures ) Tj ET Q q 0 0 0 rg BT 261.88 418.25 Td (by ) Tj ET Q q 0 0 0 rg BT 274.17 418.25 Td (third ) Tj ET Q q 0 0 0 rg BT 295.34 418.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 324.29 418.25 Td (will ) Tj ET Q q 0 0 0 rg BT 342.13 418.25 Td (not ) Tj ET Q q 0 0 0 rg BT 357.20 418.25 Td (occur) Tj ET Q q 0 0 0 rg BT 379.01 418.25 Td (, ) Tj ET Q q 0 0 0 rg BT 383.80 418.25 Td (or ) Tj ET Q q 0 0 0 rg BT 394.42 418.25 Td (that ) Tj ET Q q 0 0 0 rg BT 411.70 418.25 Td (if ) Tj ET Q q 0 0 0 rg BT 420.10 418.25 Td (they ) Tj ET Q q 0 0 0 rg BT 439.61 418.25 Td (do ) Tj ET Q q 0 0 0 rg BT 451.90 418.25 Td (occur) Tj ET Q q 0 0 0 rg BT 473.71 418.25 Td (, ) Tj ET Q q 0 0 0 rg BT 478.50 418.25 Td (such ) Tj ET Q q 0 0 0 rg BT 499.12 418.25 Td (failures ) Tj ET Q q 0 0 0 rg BT 531.39 418.25 Td (will ) Tj ET Q q 0 0 0 rg BT 549.24 418.25 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 90.82 406.25 Td (af) Tj ET Q q 0 0 0 rg BT 98.40 406.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 115.89 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 130.61 406.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 150.87 406.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 175.60 406.25 Td (or ) Tj ET Q q 0 0 0 rg BT 186.43 406.25 Td (profitability ) Tj ET Q q 0 0 0 rg BT 236.69 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 247.52 406.25 Td (our ) Tj ET Q q 0 0 0 rg BT 263.35 406.25 Td (businesses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 388.25 Td (In ) Tj ET Q q 0 0 0 rg BT 69.83 388.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 107.61 388.25 Td (we ) Tj ET Q q 0 0 0 rg BT 121.78 388.25 Td (rely ) Tj ET Q q 0 0 0 rg BT 139.83 388.25 Td (on ) Tj ET Q q 0 0 0 rg BT 152.33 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.06 388.25 Td (municipal ) Tj ET Q q 0 0 0 rg BT 209.55 388.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 238.16 388.25 Td (as ) Tj ET Q q 0 0 0 rg BT 249.00 388.25 Td (a ) Tj ET Q q 0 0 0 rg BT 255.94 388.25 Td (source ) Tj ET Q q 0 0 0 rg BT 284.54 388.25 Td (not ) Tj ET Q q 0 0 0 rg BT 299.83 388.25 Td (only ) Tj ET Q q 0 0 0 rg BT 320.11 388.25 Td (of ) Tj ET Q q 0 0 0 rg BT 330.94 388.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 356.22 388.25 Td (for ) Tj ET Q q 0 0 0 rg BT 370.38 388.25 Td (fuel, ) Tj ET Q q 0 0 0 rg BT 390.93 388.25 Td (but ) Tj ET Q q 0 0 0 rg BT 406.22 388.25 Td (also ) Tj ET Q q 0 0 0 rg BT 424.83 388.25 Td (of ) Tj ET Q q 0 0 0 rg BT 435.67 388.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 469.82 388.25 Td (from ) Tj ET Q q 0 0 0 rg BT 491.76 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 506.48 388.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 525.08 388.25 Td (for ) Tj ET Q q 0 0 0 rg BT 539.25 388.25 Td (waste ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (services ) Tj ET Q q 0 0 0 rg BT 84.99 376.25 Td (we ) Tj ET Q q 0 0 0 rg BT 99.44 376.25 Td (provide. ) Tj ET Q q 0 0 0 rg BT 135.28 376.25 Td (Because ) Tj ET Q q 0 0 0 rg BT 171.38 376.25 Td (our ) Tj ET Q q 0 0 0 rg BT 187.50 376.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 226.38 376.25 Td (with ) Tj ET Q q 0 0 0 rg BT 246.94 376.25 Td (municipal ) Tj ET Q q 0 0 0 rg BT 289.72 376.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 318.61 376.25 Td (are ) Tj ET Q q 0 0 0 rg BT 333.60 376.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 373.59 376.25 Td (long-term, ) Tj ET Q q 0 0 0 rg BT 418.31 376.25 Td (we ) Tj ET Q q 0 0 0 rg BT 432.76 376.25 Td (may ) Tj ET Q q 0 0 0 rg BT 452.76 376.25 Td (be ) Tj ET Q q 0 0 0 rg BT 464.99 376.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 506.09 376.25 Td (af) Tj ET Q q 0 0 0 rg BT 513.68 376.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 540.89 376.25 Td (if ) Tj ET Q q 0 0 0 rg BT 549.79 376.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 75.26 364.25 Td (quality ) Tj ET Q q 0 0 0 rg BT 105.54 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 116.37 364.25 Td (one ) Tj ET Q q 0 0 0 rg BT 133.31 364.25 Td (or ) Tj ET Q q 0 0 0 rg BT 144.14 364.25 Td (more ) Tj ET Q q 0 0 0 rg BT 167.18 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 178.01 364.25 Td (our ) Tj ET Q q 0 0 0 rg BT 193.84 364.25 Td (municipal ) Tj ET Q q 0 0 0 rg BT 236.33 364.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 264.94 364.25 Td (were ) Tj ET Q q 0 0 0 rg BT 286.87 364.25 Td (to ) Tj ET Q q 0 0 0 rg BT 297.14 364.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 328.52 364.25 Td (materially) Tj ET Q q 0 0 0 rg BT 368.40 364.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 346.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 78.17 346.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 103.45 346.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 149.29 346.25 Td (are ) Tj ET Q q 0 0 0 rg BT 165.12 346.25 Td (concentrated ) Tj ET Q q 0 0 0 rg BT 220.95 346.25 Td (in ) Tj ET Q q 0 0 0 rg BT 231.79 346.25 Td (one ) Tj ET Q q 0 0 0 rg BT 249.29 346.25 Td (region ) Tj ET Q q 0 0 0 rg BT 278.46 346.25 Td (and ) Tj ET Q q 0 0 0 rg BT 296.52 346.25 Td (expose ) Tj ET Q q 0 0 0 rg BT 326.79 346.25 Td (us ) Tj ET Q q 0 0 0 rg BT 338.74 346.25 Td (to ) Tj ET Q q 0 0 0 rg BT 349.02 346.25 Td (regional ) Tj ET Q q 0 0 0 rg BT 385.97 346.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 427.90 346.25 Td (or ) Tj ET Q q 0 0 0 rg BT 439.29 346.25 Td (market ) Tj ET Q q 0 0 0 rg BT 470.68 346.25 Td (declines.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 328.25 Td (The ) Tj ET Q q 0 0 0 rg BT 76.60 328.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 112.54 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 122.92 328.25 Td (our ) Tj ET Q q 0 0 0 rg BT 138.31 328.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 163.13 328.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 197.96 328.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 234.45 328.25 Td (are ) Tj ET Q q 0 0 0 rg BT 248.71 328.25 Td (located ) Tj ET Q q 0 0 0 rg BT 279.64 328.25 Td (in ) Tj ET Q q 0 0 0 rg BT 289.47 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.74 328.25 Td (northeastern ) Tj ET Q q 0 0 0 rg BT 355.22 328.25 Td (United ) Tj ET Q q 0 0 0 rg BT 384.49 328.25 Td (States, ) Tj ET Q q 0 0 0 rg BT 412.93 328.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 452.20 328.25 Td (along ) Tj ET Q q 0 0 0 rg BT 476.47 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 490.59 328.25 Td (W) Tj ET Q q 0 0 0 rg BT 499.23 328.25 Td (ashington,D.C. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.79 316.25 Td (Boston, ) Tj ET Q q 0 0 0 rg BT 94.65 316.25 Td (Massachusetts ) Tj ET Q q 0 0 0 rg BT 155.43 316.25 Td (corridor) Tj ET Q q 0 0 0 rg BT 187.09 316.25 Td (. ) Tj ET Q q 0 0 0 rg BT 191.94 316.25 Td (Adverse ) Tj ET Q q 0 0 0 rg BT 228.27 316.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 270.16 316.25 Td (developments ) Tj ET Q q 0 0 0 rg BT 328.72 316.25 Td (in ) Tj ET Q q 0 0 0 rg BT 339.51 316.25 Td (this ) Tj ET Q q 0 0 0 rg BT 356.97 316.25 Td (region ) Tj ET Q q 0 0 0 rg BT 385.54 316.25 Td (could ) Tj ET Q q 0 0 0 rg BT 410.77 316.25 Td (af) Tj ET Q q 0 0 0 rg BT 418.36 316.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 436.36 316.25 Td (regional ) Tj ET Q q 0 0 0 rg BT 472.13 316.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 497.92 316.25 Td (generation ) Tj ET Q q 0 0 0 rg BT 543.14 316.25 Td (rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.46 304.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 100.13 304.25 Td (for ) Tj ET Q q 0 0 0 rg BT 113.82 304.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 138.60 304.25 Td (management ) Tj ET Q q 0 0 0 rg BT 191.71 304.25 Td (services ) Tj ET Q q 0 0 0 rg BT 225.94 304.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 263.51 304.25 Td (by ) Tj ET Q q 0 0 0 rg BT 275.53 304.25 Td (us. ) Tj ET Q q 0 0 0 rg BT 288.50 304.25 Td (Adverse ) Tj ET Q q 0 0 0 rg BT 323.84 304.25 Td (market ) Tj ET Q q 0 0 0 rg BT 353.62 304.25 Td (developments ) Tj ET Q q 0 0 0 rg BT 411.18 304.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 440.41 304.25 Td (by ) Tj ET Q q 0 0 0 rg BT 452.43 304.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 494.44 304.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 519.23 304.25 Td (processing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 85.74 292.25 Td (in ) Tj ET Q q 0 0 0 rg BT 95.95 292.25 Td (this ) Tj ET Q q 0 0 0 rg BT 112.83 292.25 Td (region ) Tj ET Q q 0 0 0 rg BT 140.81 292.25 Td (could ) Tj ET Q q 0 0 0 rg BT 165.46 292.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 206.21 292.25 Td (af) Tj ET Q q 0 0 0 rg BT 213.79 292.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 231.21 292.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 256.41 292.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 291.62 292.25 Td (pricing. ) Tj ET Q q 0 0 0 rg BT 324.88 292.25 Td (Either ) Tj ET Q q 0 0 0 rg BT 351.74 292.25 Td (of ) Tj ET Q q 0 0 0 rg BT 362.50 292.25 Td (these ) Tj ET Q q 0 0 0 rg BT 385.48 292.25 Td (developments ) Tj ET Q q 0 0 0 rg BT 443.46 292.25 Td (could ) Tj ET Q q 0 0 0 rg BT 468.11 292.25 Td (have ) Tj ET Q q 0 0 0 rg BT 489.41 292.25 Td (a ) Tj ET Q q 0 0 0 rg BT 496.28 292.25 Td (material ) Tj ET Q q 0 0 0 rg BT 531.47 292.25 Td (adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 280.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 75.07 280.25 Td (on ) Tj ET Q q 0 0 0 rg BT 87.57 280.25 Td (our ) Tj ET Q q 0 0 0 rg BT 103.40 280.25 Td (profitability ) Tj ET Q q 0 0 0 rg BT 153.67 280.25 Td (and ) Tj ET Q q 0 0 0 rg BT 170.61 280.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 190.88 280.25 Td (generation.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 262.25 Td (Exposure ) Tj ET Q q 0 0 0 rg BT 100.95 262.25 Td (to ) Tj ET Q q 0 0 0 rg BT 111.23 262.25 Td (international ) Tj ET Q q 0 0 0 rg BT 167.64 262.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 209.57 262.25 Td (and ) Tj ET Q q 0 0 0 rg BT 227.63 262.25 Td (political ) Tj ET Q q 0 0 0 rg BT 263.46 262.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 294.29 262.25 Td (may ) Tj ET Q q 0 0 0 rg BT 314.01 262.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 358.17 262.25 Td (and ) Tj ET Q q 0 0 0 rg BT 376.23 262.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 417.05 262.25 Td (af) Tj ET Q q 0 0 0 rg BT 425.20 262.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 442.68 262.25 Td (our ) Tj ET Q q 0 0 0 rg BT 459.63 262.25 Td (international ) Tj ET Q q 0 0 0 rg BT 516.04 262.25 Td (businesses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 244.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 77.32 244.25 Td (international ) Tj ET Q q 0 0 0 rg BT 130.63 244.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 175.06 244.25 Td (expose ) Tj ET Q q 0 0 0 rg BT 205.60 244.25 Td (us ) Tj ET Q q 0 0 0 rg BT 217.27 244.25 Td (to ) Tj ET Q q 0 0 0 rg BT 227.82 244.25 Td (political, ) Tj ET Q q 0 0 0 rg BT 265.86 244.25 Td (legal, ) Tj ET Q q 0 0 0 rg BT 290.56 244.25 Td (tax, ) Tj ET Q q 0 0 0 rg BT 308.05 244.25 Td (currency) Tj ET Q q 0 0 0 rg BT 342.38 244.25 Td (, ) Tj ET Q q 0 0 0 rg BT 347.65 244.25 Td (inflation, ) Tj ET Q q 0 0 0 rg BT 386.81 244.25 Td (convertibility ) Tj ET Q q 0 0 0 rg BT 443.46 244.25 Td (and ) Tj ET Q q 0 0 0 rg BT 460.67 244.25 Td (repatriation ) Tj ET Q q 0 0 0 rg BT 509.53 244.25 Td (risks, ) Tj ET Q q 0 0 0 rg BT 533.69 244.25 Td (as ) Tj ET Q q 0 0 0 rg BT 544.79 244.25 Td (well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (as ) Tj ET Q q 0 0 0 rg BT 61.25 232.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 99.16 232.25 Td (constraints ) Tj ET Q q 0 0 0 rg BT 145.40 232.25 Td (on ) Tj ET Q q 0 0 0 rg BT 158.32 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.46 232.25 Td (development ) Tj ET Q q 0 0 0 rg BT 228.03 232.25 Td (and ) Tj ET Q q 0 0 0 rg BT 245.38 232.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 286.07 232.25 Td (of ) Tj ET Q q 0 0 0 rg BT 297.32 232.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 335.22 232.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 374.54 232.25 Td (any ) Tj ET Q q 0 0 0 rg BT 391.89 232.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.14 232.25 Td (which ) Tj ET Q q 0 0 0 rg BT 430.50 232.25 Td (can ) Tj ET Q q 0 0 0 rg BT 447.29 232.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 469.11 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 484.24 232.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 518.82 232.25 Td (to ) Tj ET Q q 0 0 0 rg BT 529.51 232.25 Td (us ) Tj ET Q q 0 0 0 rg BT 541.32 232.25 Td (of ) Tj ET Q q 0 0 0 rg BT 552.57 232.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (international ) Tj ET Q q 0 0 0 rg BT 103.04 220.25 Td (project.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 202.25 Td (The ) Tj ET Q q 0 0 0 rg BT 77.71 202.25 Td (financing, ) Tj ET Q q 0 0 0 rg BT 121.14 202.25 Td (development ) Tj ET Q q 0 0 0 rg BT 175.96 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.57 202.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 234.50 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 245.99 202.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 280.81 202.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 312.87 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 328.25 202.25 Td (United ) Tj ET Q q 0 0 0 rg BT 358.63 202.25 Td (States ) Tj ET Q q 0 0 0 rg BT 385.69 202.25 Td (can ) Tj ET Q q 0 0 0 rg BT 402.73 202.25 Td (entail ) Tj ET Q q 0 0 0 rg BT 428.11 202.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 473.49 202.25 Td (political ) Tj ET Q q 0 0 0 rg BT 509.42 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 527.03 202.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (risks, ) Tj ET Q q 0 0 0 rg BT 73.89 190.25 Td (which ) Tj ET Q q 0 0 0 rg BT 100.83 190.25 Td (vary ) Tj ET Q q 0 0 0 rg BT 121.10 190.25 Td (by ) Tj ET Q q 0 0 0 rg BT 133.60 190.25 Td (country) Tj ET Q q 0 0 0 rg BT 163.50 190.25 Td (, ) Tj ET Q q 0 0 0 rg BT 168.50 190.25 Td (including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 172.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 172.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 102.71 172.25 Td (in ) Tj ET Q q 0 0 0 rg BT 112.99 172.25 Td (law ) Tj ET Q q 0 0 0 rg BT 129.92 172.25 Td (or ) Tj ET Q q 0 0 0 rg BT 140.75 172.25 Td (regulations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 160.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 160.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 102.71 160.25 Td (in ) Tj ET Q q 0 0 0 rg BT 112.99 160.25 Td (electricity ) Tj ET Q q 0 0 0 rg BT 155.46 160.25 Td (pricing;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 148.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 148.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 102.71 148.25 Td (in ) Tj ET Q q 0 0 0 rg BT 112.99 148.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 144.36 148.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 159.08 148.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 179.91 148.25 Td (and ) Tj ET Q q 0 0 0 rg BT 196.85 148.25 Td (regulations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 136.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 136.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 102.71 136.25 Td (in ) Tj ET Q q 0 0 0 rg BT 112.99 136.25 Td (United ) Tj ET Q q 0 0 0 rg BT 142.70 136.25 Td (States ) Tj ET Q q 0 0 0 rg BT 169.09 136.25 Td (federal, ) Tj ET Q q 0 0 0 rg BT 201.84 136.25 Td (state ) Tj ET Q q 0 0 0 rg BT 222.67 136.25 Td (and ) Tj ET Q q 0 0 0 rg BT 239.61 136.25 Td (local ) Tj ET Q q 0 0 0 rg BT 261.54 136.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 284.87 136.25 Td (including ) Tj ET Q q 0 0 0 rg BT 325.14 136.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 339.86 136.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 363.19 136.25 Td (related ) Tj ET Q q 0 0 0 rg BT 392.89 136.25 Td (to ) Tj ET Q q 0 0 0 rg BT 403.17 136.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 434.55 136.25 Td (operations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 124.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 124.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 116.59 124.25 Td (with ) Tj ET Q q 0 0 0 rg BT 136.87 124.25 Td (United ) Tj ET Q q 0 0 0 rg BT 166.58 124.25 Td (States ) Tj ET Q q 0 0 0 rg BT 192.97 124.25 Td (federal, ) Tj ET Q q 0 0 0 rg BT 225.72 124.25 Td (state ) Tj ET Q q 0 0 0 rg BT 246.55 124.25 Td (and ) Tj ET Q q 0 0 0 rg BT 263.49 124.25 Td (local ) Tj ET Q q 0 0 0 rg BT 285.42 124.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 316.80 124.25 Td (corrupt ) Tj ET Q q 0 0 0 rg BT 348.18 124.25 Td (practices ) Tj ET Q q 0 0 0 rg BT 386.21 124.25 Td (laws;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 112.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 112.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 102.71 112.25 Td (in ) Tj ET Q q 0 0 0 rg BT 112.99 112.25 Td (government ) Tj ET Q q 0 0 0 rg BT 163.25 112.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 196.85 112.25 Td (or ) Tj ET Q q 0 0 0 rg BT 207.68 112.25 Td (personnel;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 100.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 100.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 102.71 100.25 Td (in ) Tj ET Q q 0 0 0 rg BT 112.99 100.25 Td (general ) Tj ET Q q 0 0 0 rg BT 144.91 100.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 186.28 100.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 230.45 100.25 Td (af) Tj ET Q q 0 0 0 rg BT 238.03 100.25 Td (fecting ) Tj ET Q q 0 0 0 rg BT 268.30 100.25 Td (each ) Tj ET Q q 0 0 0 rg BT 289.11 100.25 Td (country) Tj ET Q q 0 0 0 rg BT 319.01 100.25 Td (, ) Tj ET Q q 0 0 0 rg BT 324.01 100.25 Td (including ) Tj ET Q q 0 0 0 rg BT 364.28 100.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 408.45 100.25 Td (in ) Tj ET Q q 0 0 0 rg BT 418.73 100.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 456.21 100.25 Td (markets;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 88.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 88.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 102.71 88.25 Td (in ) Tj ET Q q 0 0 0 rg BT 112.99 88.25 Td (labor ) Tj ET Q q 0 0 0 rg BT 136.03 88.25 Td (relations ) Tj ET Q q 0 0 0 rg BT 172.97 88.25 Td (in ) Tj ET Q q 0 0 0 rg BT 183.24 88.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 227.40 88.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 258.79 88.25 Td (the ) Tj ET Q q 0 0 0 rg BT 273.50 88.25 Td (United ) Tj ET Q q 0 0 0 rg BT 303.22 88.25 Td (States;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 76.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 76.25 Td (political, ) Tj ET Q q 0 0 0 rg BT 105.77 76.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 147.14 76.25 Td (or ) Tj ET Q q 0 0 0 rg BT 157.97 76.25 Td (military ) Tj ET Q q 0 0 0 rg BT 192.13 76.25 Td (instability ) Tj ET Q q 0 0 0 rg BT 234.63 76.25 Td (and ) Tj ET Q q 0 0 0 rg BT 251.57 76.25 Td (civil ) Tj ET Q q 0 0 0 rg BT 271.84 76.25 Td (unrest;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 64.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 64.25 Td (expropriation ) Tj ET Q q 0 0 0 rg BT 124.37 64.25 Td (and ) Tj ET Q q 0 0 0 rg BT 141.31 64.25 Td (confiscation ) Tj ET Q q 0 0 0 rg BT 192.68 64.25 Td (of ) Tj ET Q q 0 0 0 rg BT 203.51 64.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 229.34 64.25 Td (and ) Tj ET Q q 0 0 0 rg BT 246.28 64.25 Td (facilities;and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 52.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 52.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 93.26 52.25 Td (quality ) Tj ET Q q 0 0 0 rg BT 123.54 52.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.37 52.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 165.75 52.25 Td (that ) Tj ET Q q 0 0 0 rg BT 183.24 52.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 221.28 52.25 Td (our ) Tj ET Q q 0 0 0 rg BT 237.11 52.25 Td (power) Tj ET Q q 0 0 0 rg BT 261.55 52.25 Td (.) Tj ET Q endstream endobj 57 0 obj <>] /Rotate 0 /Contents 58 0 R>> endobj 58 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 76.96 742.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 98.80 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 115.65 742.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 153.03 742.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 205.98 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 216.17 742.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 247.46 742.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 286.52 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 296.71 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 323.56 742.10 Td (we ) Tj ET Q q 0 0 0 rg BT 337.62 742.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 376.13 742.10 Td (own ) Tj ET Q q 0 0 0 rg BT 395.76 742.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 421.50 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 432.23 742.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 466.30 742.10 Td (could ) Tj ET Q q 0 0 0 rg BT 490.92 742.10 Td (also ) Tj ET Q q 0 0 0 rg BT 509.44 742.10 Td (make ) Tj ET Q q 0 0 0 rg BT 533.51 742.10 Td (it ) Tj ET Q q 0 0 0 rg BT 541.47 742.10 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 730.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 84.53 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 98.69 730.10 Td (us ) Tj ET Q q 0 0 0 rg BT 110.08 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.36 730.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 152.84 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 168.67 730.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 193.95 730.10 Td (under ) Tj ET Q q 0 0 0 rg BT 219.21 730.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 267.25 730.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 300.29 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 310.57 730.10 Td (such ) Tj ET Q q 0 0 0 rg BT 331.40 730.10 Td (projects.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 712.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 78.22 712.10 Td (or ) Tj ET Q q 0 0 0 rg BT 88.55 712.10 Td (all ) Tj ET Q q 0 0 0 rg BT 100.55 712.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.88 712.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.10 712.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 145.99 712.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 186.31 712.10 Td (above ) Tj ET Q q 0 0 0 rg BT 212.19 712.10 Td (with ) Tj ET Q q 0 0 0 rg BT 231.97 712.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 262.29 712.10 Td (to ) Tj ET Q q 0 0 0 rg BT 272.07 712.10 Td (our ) Tj ET Q q 0 0 0 rg BT 287.40 712.10 Td (international ) Tj ET Q q 0 0 0 rg BT 339.93 712.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 373.59 712.10 Td (could ) Tj ET Q q 0 0 0 rg BT 397.81 712.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 438.13 712.10 Td (af) Tj ET Q q 0 0 0 rg BT 445.71 712.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 462.70 712.10 Td (our ) Tj ET Q q 0 0 0 rg BT 478.03 712.10 Td (profitability ) Tj ET Q q 0 0 0 rg BT 527.80 712.10 Td (and ) Tj ET Q q 0 0 0 rg BT 544.24 712.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (generation. ) Tj ET Q q 0 0 0 rg BT 96.26 700.10 Td (As ) Tj ET Q q 0 0 0 rg BT 109.38 700.10 Td (a ) Tj ET Q q 0 0 0 rg BT 115.82 700.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 142.55 700.10 Td (these ) Tj ET Q q 0 0 0 rg BT 165.10 700.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 185.99 700.10 Td (may ) Tj ET Q q 0 0 0 rg BT 205.21 700.10 Td (have ) Tj ET Q q 0 0 0 rg BT 226.10 700.10 Td (a ) Tj ET Q q 0 0 0 rg BT 232.54 700.10 Td (material ) Tj ET Q q 0 0 0 rg BT 267.30 700.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 299.84 700.10 Td (ef) Tj ET Q q 0 0 0 rg BT 307.43 700.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 324.42 700.10 Td (on ) Tj ET Q q 0 0 0 rg BT 336.43 700.10 Td (our ) Tj ET Q q 0 0 0 rg BT 351.76 700.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 390.16 700.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 442.70 700.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 479.69 700.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 519.46 700.10 Td (and ) Tj ET Q q 0 0 0 rg BT 535.91 700.10 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 688.10 Td (operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 63.50 670.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 83.09 670.10 Td (reputation ) Tj ET Q q 0 0 0 rg BT 128.79 670.10 Td (could ) Tj ET Q q 0 0 0 rg BT 154.48 670.10 Td (be ) Tj ET Q q 0 0 0 rg BT 166.83 670.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 208.06 670.10 Td (af) Tj ET Q q 0 0 0 rg BT 216.21 670.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 243.54 670.10 Td (if ) Tj ET Q q 0 0 0 rg BT 252.56 670.10 Td (our ) Tj ET Q q 0 0 0 rg BT 269.93 670.10 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 318.69 670.10 Td (or ) Tj ET Q q 0 0 0 rg BT 330.49 670.10 Td (third ) Tj ET Q q 0 0 0 rg BT 353.41 670.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 384.11 670.10 Td (with ) Tj ET Q q 0 0 0 rg BT 404.81 670.10 Td (whom ) Tj ET Q q 0 0 0 rg BT 432.73 670.10 Td (we ) Tj ET Q q 0 0 0 rg BT 446.75 670.10 Td (have ) Tj ET Q q 0 0 0 rg BT 469.10 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 477.01 670.10 Td (relationship, ) Tj ET Q q 0 0 0 rg BT 531.88 670.10 Td (were ) Tj ET Q q 0 0 0 rg BT 554.23 670.10 Td (to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.50 658.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 70.89 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.17 658.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 113.10 658.10 Td (with ) Tj ET Q q 0 0 0 rg BT 133.39 658.10 Td (United ) Tj ET Q q 0 0 0 rg BT 163.67 658.10 Td (States ) Tj ET Q q 0 0 0 rg BT 190.61 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 202.00 658.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 234.50 658.10 Td (anti-corruption ) Tj ET Q q 0 0 0 rg BT 300.35 658.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 321.19 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 332.59 658.10 Td (regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 640.10 Td (Some ) Tj ET Q q 0 0 0 rg BT 83.71 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.98 640.10 Td (our ) Tj ET Q q 0 0 0 rg BT 109.24 640.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 142.83 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.21 640.10 Td (new ) Tj ET Q q 0 0 0 rg BT 177.80 640.10 Td (business ) Tj ET Q q 0 0 0 rg BT 213.63 640.10 Td (may ) Tj ET Q q 0 0 0 rg BT 232.78 640.10 Td (be ) Tj ET Q q 0 0 0 rg BT 244.15 640.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 287.18 640.10 Td (in ) Tj ET Q q 0 0 0 rg BT 296.90 640.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 335.49 640.10 Td (where ) Tj ET Q q 0 0 0 rg BT 361.85 640.10 Td (corruption ) Tj ET Q q 0 0 0 rg BT 405.44 640.10 Td (has ) Tj ET Q q 0 0 0 rg BT 420.71 640.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 467.63 640.10 Td (penetrated ) Tj ET Q q 0 0 0 rg BT 511.21 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.36 640.10 Td (economy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.20 628.10 Td (a ) Tj ET Q q 0 0 0 rg BT 67.06 628.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 97.24 628.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 124.10 628.10 Td (than ) Tj ET Q q 0 0 0 rg BT 143.74 628.10 Td (in ) Tj ET Q q 0 0 0 rg BT 153.94 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.58 628.10 Td (United ) Tj ET Q q 0 0 0 rg BT 198.22 628.10 Td (States. ) Tj ET Q q 0 0 0 rg BT 227.03 628.10 Td (It ) Tj ET Q q 0 0 0 rg BT 235.56 628.10 Td (is ) Tj ET Q q 0 0 0 rg BT 244.65 628.10 Td (our ) Tj ET Q q 0 0 0 rg BT 260.41 628.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 287.83 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.03 628.10 Td (comply) Tj ET Q q 0 0 0 rg BT 327.37 628.10 Td (, ) Tj ET Q q 0 0 0 rg BT 332.30 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.16 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.36 628.10 Td (require ) Tj ET Q q 0 0 0 rg BT 390.10 628.10 Td (our ) Tj ET Q q 0 0 0 rg BT 405.85 628.10 Td (local ) Tj ET Q q 0 0 0 rg BT 427.71 628.10 Td (partners ) Tj ET Q q 0 0 0 rg BT 462.34 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.20 628.10 Td (those ) Tj ET Q q 0 0 0 rg BT 502.73 628.10 Td (with ) Tj ET Q q 0 0 0 rg BT 522.94 628.10 Td (whom ) Tj ET Q q 0 0 0 rg BT 550.36 628.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (do ) Tj ET Q q 0 0 0 rg BT 62.47 616.10 Td (business ) Tj ET Q q 0 0 0 rg BT 98.83 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 109.07 616.10 Td (comply) Tj ET Q q 0 0 0 rg BT 138.42 616.10 Td (, ) Tj ET Q q 0 0 0 rg BT 143.39 616.10 Td (with ) Tj ET Q q 0 0 0 rg BT 163.64 616.10 Td (all ) Tj ET Q q 0 0 0 rg BT 176.10 616.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 219.66 616.10 Td (anti-bribery ) Tj ET Q q 0 0 0 rg BT 269.33 616.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 292.62 616.10 Td (such ) Tj ET Q q 0 0 0 rg BT 313.42 616.10 Td (as ) Tj ET Q q 0 0 0 rg BT 324.22 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.91 616.10 Td (U.S.Foreign ) Tj ET Q q 0 0 0 rg BT 392.77 616.10 Td (Corrupt ) Tj ET Q q 0 0 0 rg BT 426.34 616.10 Td (Practices ) Tj ET Q q 0 0 0 rg BT 464.36 616.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 483.77 616.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.67 616.10 Td (with ) Tj ET Q q 0 0 0 rg BT 520.92 616.10 Td (applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (local ) Tj ET Q q 0 0 0 rg BT 72.84 604.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 94.58 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.32 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.94 604.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 154.22 604.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 194.29 604.10 Td (in ) Tj ET Q q 0 0 0 rg BT 205.47 604.10 Td (which ) Tj ET Q q 0 0 0 rg BT 233.32 604.10 Td (we ) Tj ET Q q 0 0 0 rg BT 248.38 604.10 Td (operate. ) Tj ET Q q 0 0 0 rg BT 283.72 604.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 302.67 604.10 Td (reputation ) Tj ET Q q 0 0 0 rg BT 346.62 604.10 Td (may ) Tj ET Q q 0 0 0 rg BT 367.25 604.10 Td (be ) Tj ET Q q 0 0 0 rg BT 380.09 604.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 421.82 604.10 Td (af) Tj ET Q q 0 0 0 rg BT 429.40 604.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 457.24 604.10 Td (if ) Tj ET Q q 0 0 0 rg BT 466.75 604.10 Td (we ) Tj ET Q q 0 0 0 rg BT 481.82 604.10 Td (were ) Tj ET Q q 0 0 0 rg BT 504.65 604.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 541.38 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 552.56 604.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 93.91 592.10 Td (with ) Tj ET Q q 0 0 0 rg BT 114.50 592.10 Td (corrupt ) Tj ET Q q 0 0 0 rg BT 146.19 592.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 184.54 592.10 Td (or ) Tj ET Q q 0 0 0 rg BT 195.69 592.10 Td (if ) Tj ET Q q 0 0 0 rg BT 204.61 592.10 Td (we ) Tj ET Q q 0 0 0 rg BT 219.08 592.10 Td (or ) Tj ET Q q 0 0 0 rg BT 230.23 592.10 Td (our ) Tj ET Q q 0 0 0 rg BT 246.37 592.10 Td (local ) Tj ET Q q 0 0 0 rg BT 268.62 592.10 Td (partners ) Tj ET Q q 0 0 0 rg BT 303.65 592.10 Td (failed ) Tj ET Q q 0 0 0 rg BT 329.22 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 339.82 592.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 372.63 592.10 Td (with ) Tj ET Q q 0 0 0 rg BT 393.22 592.10 Td (such ) Tj ET Q q 0 0 0 rg BT 414.37 592.10 Td (laws. ) Tj ET Q q 0 0 0 rg BT 438.01 592.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 460.83 592.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 494.73 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 505.33 592.10 Td (our ) Tj ET Q q 0 0 0 rg BT 521.47 592.10 Td (reputation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.72 580.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 115.53 580.10 Td (af) Tj ET Q q 0 0 0 rg BT 123.12 580.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 140.61 580.10 Td (our ) Tj ET Q q 0 0 0 rg BT 156.44 580.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 184.49 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.77 580.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 217.82 580.10 Td (our ) Tj ET Q q 0 0 0 rg BT 233.65 580.10 Td (business.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 562.10 Td (Energy ) Tj ET Q q 0 0 0 rg BT 91.50 562.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 136.79 562.10 Td (could ) Tj ET Q q 0 0 0 rg BT 162.07 562.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 202.88 562.10 Td (af) Tj ET Q q 0 0 0 rg BT 211.03 562.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 228.52 562.10 Td (our ) Tj ET Q q 0 0 0 rg BT 245.47 562.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 280.74 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.80 562.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 321.30 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 332.13 562.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 544.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 77.18 544.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 102.57 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.64 544.10 Td (ener) Tj ET Q q 0 0 0 rg BT 136.67 544.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 149.29 544.10 Td (services ) Tj ET Q q 0 0 0 rg BT 184.13 544.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 228.98 544.10 Td (are ) Tj ET Q q 0 0 0 rg BT 243.81 544.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 274.76 544.10 Td (to ) Tj ET Q q 0 0 0 rg BT 285.17 544.10 Td (extensive ) Tj ET Q q 0 0 0 rg BT 325.56 544.10 Td (ener) Tj ET Q q 0 0 0 rg BT 342.58 544.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 355.21 544.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 402.27 544.10 Td (by ) Tj ET Q q 0 0 0 rg BT 414.90 544.10 Td (federal, ) Tj ET Q q 0 0 0 rg BT 447.78 544.10 Td (state ) Tj ET Q q 0 0 0 rg BT 468.73 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.80 544.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 517.30 544.10 Td (authorities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 532.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.63 532.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 94.85 532.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 125.17 532.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 159.93 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.71 532.10 Td (federal, ) Tj ET Q q 0 0 0 rg BT 207.52 532.10 Td (state ) Tj ET Q q 0 0 0 rg BT 228.40 532.10 Td (or ) Tj ET Q q 0 0 0 rg BT 239.29 532.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 270.72 532.10 Td (governments ) Tj ET Q q 0 0 0 rg BT 324.94 532.10 Td (will ) Tj ET Q q 0 0 0 rg BT 343.05 532.10 Td (modify ) Tj ET Q q 0 0 0 rg BT 374.50 532.10 Td (or ) Tj ET Q q 0 0 0 rg BT 385.38 532.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 410.16 532.10 Td (new ) Tj ET Q q 0 0 0 rg BT 429.38 532.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 473.59 532.10 Td (or ) Tj ET Q q 0 0 0 rg BT 484.48 532.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 531.47 532.10 Td (relating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.36 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.16 520.10 Td (solid ) Tj ET Q q 0 0 0 rg BT 97.20 520.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 122.55 520.10 Td (or ) Tj ET Q q 0 0 0 rg BT 133.46 520.10 Td (ener) Tj ET Q q 0 0 0 rg BT 150.49 520.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 163.08 520.10 Td (industries. ) Tj ET Q q 0 0 0 rg BT 206.86 520.10 Td (The ) Tj ET Q q 0 0 0 rg BT 224.99 520.10 Td (economics, ) Tj ET Q q 0 0 0 rg BT 272.84 520.10 Td (including ) Tj ET Q q 0 0 0 rg BT 313.20 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.00 520.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 353.08 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.00 520.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 404.35 520.10 Td (our ) Tj ET Q q 0 0 0 rg BT 420.26 520.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 457.27 520.10 Td (may ) Tj ET Q q 0 0 0 rg BT 477.07 520.10 Td (be ) Tj ET Q q 0 0 0 rg BT 489.10 520.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 530.00 520.10 Td (af) Tj ET Q q 0 0 0 rg BT 537.58 520.10 Td (fected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.38 508.10 Td (any ) Tj ET Q q 0 0 0 rg BT 79.21 508.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 113.80 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 123.96 508.10 Td (these ) Tj ET Q q 0 0 0 rg BT 146.89 508.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 193.71 508.10 Td (or ) Tj ET Q q 0 0 0 rg BT 204.42 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 214.59 508.10 Td (their ) Tj ET Q q 0 0 0 rg BT 235.30 508.10 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 291.55 508.10 Td (or ) Tj ET Q q 0 0 0 rg BT 302.26 508.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 367.41 508.10 Td (or ) Tj ET Q q 0 0 0 rg BT 378.12 508.10 Td (any ) Tj ET Q q 0 0 0 rg BT 394.95 508.10 Td (future ) Tj ET Q q 0 0 0 rg BT 421.21 508.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 456.92 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.09 508.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 499.46 508.10 Td (with ) Tj ET Q q 0 0 0 rg BT 519.63 508.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 553.68 508.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (future ) Tj ET Q q 0 0 0 rg BT 76.38 496.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 123.31 496.10 Td (or ) Tj ET Q q 0 0 0 rg BT 134.14 496.10 Td (requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 478.10 Td (If ) Tj ET Q q 0 0 0 rg BT 68.36 478.10 Td (our ) Tj ET Q q 0 0 0 rg BT 84.39 478.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 129.32 478.10 Td (lose ) Tj ET Q q 0 0 0 rg BT 148.13 478.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 182.49 478.10 Td (exemptions ) Tj ET Q q 0 0 0 rg BT 231.30 478.10 Td (under ) Tj ET Q q 0 0 0 rg BT 256.77 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.69 478.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 304.37 478.10 Td (Power ) Tj ET Q q 0 0 0 rg BT 332.03 478.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 351.67 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.59 478.10 Td (economics ) Tj ET Q q 0 0 0 rg BT 412.06 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.20 478.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 473.55 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.58 478.10 Td (our ) Tj ET Q q 0 0 0 rg BT 500.62 478.10 Td (ener) Tj ET Q q 0 0 0 rg BT 517.64 478.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 530.34 478.10 Td (projects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.93 466.10 Td (be ) Tj ET Q q 0 0 0 rg BT 87.09 466.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 128.12 466.10 Td (af) Tj ET Q q 0 0 0 rg BT 135.71 466.10 Td (fected, ) Tj ET Q q 0 0 0 rg BT 165.35 466.10 Td (including ) Tj ET Q q 0 0 0 rg BT 205.84 466.10 Td (as ) Tj ET Q q 0 0 0 rg BT 216.89 466.10 Td (a ) Tj ET Q q 0 0 0 rg BT 224.05 466.10 Td (result ) Tj ET Q q 0 0 0 rg BT 248.98 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.03 466.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 277.73 466.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 320.99 466.10 Td (by ) Tj ET Q q 0 0 0 rg BT 333.71 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.64 466.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 381.34 466.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 400.04 466.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 412.76 466.10 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 459.91 466.10 Td (Commission ) Tj ET Q q 0 0 0 rg BT 513.19 466.10 Td (with ) Tj ET Q q 0 0 0 rg BT 533.69 466.10 Td (respect ) 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 60.18 454.10 Td (our ) Tj ET Q q 0 0 0 rg BT 75.92 454.10 Td (output ) Tj ET Q q 0 0 0 rg BT 103.88 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.61 454.10 Td (electricity) Tj ET Q q 0 0 0 rg BT 153.94 454.10 Td (, ) Tj ET Q q 0 0 0 rg BT 158.85 454.10 Td (which ) Tj ET Q q 0 0 0 rg BT 185.69 454.10 Td (could ) Tj ET Q q 0 0 0 rg BT 210.31 454.10 Td (result ) Tj ET Q q 0 0 0 rg BT 234.93 454.10 Td (in ) Tj ET Q q 0 0 0 rg BT 245.11 454.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 270.29 454.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 296.57 454.10 Td (for ) Tj ET Q q 0 0 0 rg BT 310.63 454.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 332.48 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.21 454.10 Td (electricity ) Tj ET Q q 0 0 0 rg BT 385.59 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 402.44 454.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 442.60 454.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 491.09 454.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 515.99 454.10 Td (In ) Tj ET Q q 0 0 0 rg BT 526.73 454.10 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 94.17 442.10 Td (on ) Tj ET Q q 0 0 0 rg BT 106.68 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.41 442.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 146.13 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.98 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.70 442.10 Td (project) Tj ET Q q 0 0 0 rg BT 202.25 442.10 Td (s ) Tj ET Q q 0 0 0 rg BT 208.65 442.10 Td (power ) Tj ET Q q 0 0 0 rg BT 236.15 442.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 274.20 442.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 320.85 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 327.80 442.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 345.87 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.71 442.10 Td (our ) Tj ET Q q 0 0 0 rg BT 372.55 442.10 Td (exemptions ) Tj ET Q q 0 0 0 rg BT 421.17 442.10 Td (could ) Tj ET Q q 0 0 0 rg BT 445.90 442.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 470.63 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.35 442.10 Td (power ) Tj ET Q q 0 0 0 rg BT 512.85 442.10 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 554.23 442.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (cease ) Tj ET Q q 0 0 0 rg BT 74.10 430.10 Td (taking ) Tj ET Q q 0 0 0 rg BT 101.55 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.45 430.10 Td (paying ) Tj ET Q q 0 0 0 rg BT 148.12 430.10 Td (for ) Tj ET Q q 0 0 0 rg BT 162.24 430.10 Td (electricity ) Tj ET Q q 0 0 0 rg BT 204.67 430.10 Td (under ) Tj ET Q q 0 0 0 rg BT 229.89 430.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 264.01 430.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 305.06 430.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 327.52 430.10 Td (results ) Tj ET Q q 0 0 0 rg BT 356.08 430.10 Td (could ) Tj ET Q q 0 0 0 rg BT 380.76 430.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 405.42 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.09 430.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 438.11 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.90 430.10 Td (some ) Tj ET Q q 0 0 0 rg BT 472.46 430.10 Td (or ) Tj ET Q q 0 0 0 rg BT 483.25 430.10 Td (all ) Tj ET Q q 0 0 0 rg BT 495.70 430.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 530.36 430.10 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (or ) Tj ET Q q 0 0 0 rg BT 61.75 418.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 104.05 418.10 Td (impair ) Tj ET Q q 0 0 0 rg BT 133.57 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.21 418.10 Td (value ) Tj ET Q q 0 0 0 rg BT 174.28 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.03 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 193.89 418.10 Td (project ) Tj ET Q q 0 0 0 rg BT 225.07 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 242.93 418.10 Td (could ) Tj ET Q q 0 0 0 rg BT 268.56 418.10 Td (trigger ) Tj ET Q q 0 0 0 rg BT 298.64 418.10 Td (defaults ) Tj ET Q q 0 0 0 rg BT 333.71 418.10 Td (under ) Tj ET Q q 0 0 0 rg BT 359.90 418.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 404.99 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.74 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.38 418.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 476.89 418.10 Td (project ) Tj ET Q q 0 0 0 rg BT 508.07 418.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 547.58 418.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 90.10 406.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 140.46 406.10 Td (Defaults ) Tj ET Q q 0 0 0 rg BT 176.67 406.10 Td (under ) Tj ET Q q 0 0 0 rg BT 201.77 406.10 Td (such ) Tj ET Q q 0 0 0 rg BT 222.43 406.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 262.52 406.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 310.39 406.10 Td (could ) Tj ET Q q 0 0 0 rg BT 334.94 406.10 Td (render ) Tj ET Q q 0 0 0 rg BT 362.81 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.35 406.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 423.01 406.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 442.56 406.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 494.88 406.10 Td (due ) Tj ET Q q 0 0 0 rg BT 511.65 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.42 406.10 Td (payable. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 77.21 394.10 Td (such ) Tj ET Q q 0 0 0 rg BT 97.76 394.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 159.12 394.10 Td (we ) Tj ET Q q 0 0 0 rg BT 173.00 394.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 201.88 394.10 Td (assure ) Tj ET Q q 0 0 0 rg BT 229.09 394.10 Td (you ) Tj ET Q q 0 0 0 rg BT 246.31 394.10 Td (that ) Tj ET Q q 0 0 0 rg BT 263.53 394.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 297.39 394.10 Td (received, ) Tj ET Q q 0 0 0 rg BT 335.98 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.41 394.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 372.63 394.10 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 410.67 394.10 Td (or ) Tj ET Q q 0 0 0 rg BT 421.22 394.10 Td (both, ) Tj ET Q q 0 0 0 rg BT 443.72 394.10 Td (in ) Tj ET Q q 0 0 0 rg BT 453.72 394.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 499.81 394.10 Td (with ) Tj ET Q q 0 0 0 rg BT 519.81 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.25 394.10 Td (project ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.72 382.10 Td (be ) Tj ET Q q 0 0 0 rg BT 86.66 382.10 Td (recovered ) Tj ET Q q 0 0 0 rg BT 128.57 382.10 Td (through ) Tj ET Q q 0 0 0 rg BT 162.18 382.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 184.12 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.39 382.10 Td (other ) Tj ET Q q 0 0 0 rg BT 217.44 382.10 Td (purchasers. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 364.10 Td (Failure ) Tj ET Q q 0 0 0 rg BT 92.62 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.90 364.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 131.51 364.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 176.79 364.10 Td (approvals ) Tj ET Q q 0 0 0 rg BT 219.29 364.10 Td (could ) Tj ET Q q 0 0 0 rg BT 244.57 364.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 285.39 364.10 Td (af) Tj ET Q q 0 0 0 rg BT 293.54 364.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 311.02 364.10 Td (our ) Tj ET Q q 0 0 0 rg BT 327.97 364.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 346.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 76.45 346.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 101.12 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 117.46 346.10 Td (ener) Tj ET Q q 0 0 0 rg BT 134.49 346.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 146.39 346.10 Td (services ) Tj ET Q q 0 0 0 rg BT 180.50 346.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 224.63 346.10 Td (are ) Tj ET Q q 0 0 0 rg BT 238.73 346.10 Td (continually ) Tj ET Q q 0 0 0 rg BT 285.63 346.10 Td (in ) Tj ET Q q 0 0 0 rg BT 295.31 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.42 346.10 Td (process ) Tj ET Q q 0 0 0 rg BT 341.32 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.55 346.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 391.22 346.10 Td (or ) Tj ET Q q 0 0 0 rg BT 401.46 346.10 Td (renewing ) Tj ET Q q 0 0 0 rg BT 440.56 346.10 Td (federal, ) Tj ET Q q 0 0 0 rg BT 472.72 346.10 Td (state, ) Tj ET Q q 0 0 0 rg BT 495.45 346.10 Td (local ) Tj ET Q q 0 0 0 rg BT 516.78 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 533.12 346.10 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (approvals ) Tj ET Q q 0 0 0 rg BT 91.07 334.10 Td (required ) Tj ET Q q 0 0 0 rg BT 126.59 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.56 334.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 168.18 334.10 Td (our ) Tj ET Q q 0 0 0 rg BT 183.71 334.10 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 222.68 334.10 Td (While ) Tj ET Q q 0 0 0 rg BT 249.31 334.10 Td (we ) Tj ET Q q 0 0 0 rg BT 263.17 334.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 294.24 334.10 Td (our ) Tj ET Q q 0 0 0 rg BT 309.76 334.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 354.18 334.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 392.47 334.10 Td (have ) Tj ET Q q 0 0 0 rg BT 413.55 334.10 Td (all ) Tj ET Q q 0 0 0 rg BT 425.74 334.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 466.80 334.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 506.77 334.10 Td (approvals, ) Tj ET Q q 0 0 0 rg BT 550.34 334.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.42 322.10 Td (not ) Tj ET Q q 0 0 0 rg BT 84.41 322.10 Td (always ) Tj ET Q q 0 0 0 rg BT 114.38 322.10 Td (be ) Tj ET Q q 0 0 0 rg BT 126.03 322.10 Td (able ) Tj ET Q q 0 0 0 rg BT 144.89 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.88 322.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 182.08 322.10 Td (all ) Tj ET Q q 0 0 0 rg BT 194.28 322.10 Td (required ) Tj ET Q q 0 0 0 rg BT 229.80 322.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 273.11 322.10 Td (approvals, ) Tj ET Q q 0 0 0 rg BT 316.69 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.33 322.10 Td (we ) Tj ET Q q 0 0 0 rg BT 347.20 322.10 Td (may ) Tj ET Q q 0 0 0 rg BT 366.63 322.10 Td (not ) Tj ET Q q 0 0 0 rg BT 381.61 322.10 Td (be ) Tj ET Q q 0 0 0 rg BT 393.26 322.10 Td (able ) Tj ET Q q 0 0 0 rg BT 412.12 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.10 322.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 449.31 322.10 Td (any ) Tj ET Q q 0 0 0 rg BT 465.95 322.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 507.03 322.10 Td (modifications ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.34 310.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 92.57 310.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 135.22 310.10 Td (approvals ) Tj ET Q q 0 0 0 rg BT 175.66 310.10 Td (or ) Tj ET Q q 0 0 0 rg BT 185.56 310.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 222.11 310.10 Td (all ) Tj ET Q q 0 0 0 rg BT 233.67 310.10 Td (required ) Tj ET Q q 0 0 0 rg BT 268.54 310.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 311.20 310.10 Td (approvals. ) Tj ET Q q 0 0 0 rg BT 354.14 310.10 Td (If ) Tj ET Q q 0 0 0 rg BT 362.36 310.10 Td (there ) Tj ET Q q 0 0 0 rg BT 383.91 310.10 Td (is ) Tj ET Q q 0 0 0 rg BT 392.14 310.10 Td (a ) Tj ET Q q 0 0 0 rg BT 398.14 310.10 Td (delay ) Tj ET Q q 0 0 0 rg BT 421.36 310.10 Td (in ) Tj ET Q q 0 0 0 rg BT 430.70 310.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 470.04 310.10 Td (any ) Tj ET Q q 0 0 0 rg BT 486.04 310.10 Td (required ) Tj ET Q q 0 0 0 rg BT 520.92 310.10 Td (regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (approvals ) Tj ET Q q 0 0 0 rg BT 91.51 298.10 Td (or ) Tj ET Q q 0 0 0 rg BT 102.48 298.10 Td (if ) Tj ET Q q 0 0 0 rg BT 111.23 298.10 Td (we ) Tj ET Q q 0 0 0 rg BT 125.52 298.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 141.48 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 151.90 298.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 179.53 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.61 298.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 229.24 298.10 Td (with ) Tj ET Q q 0 0 0 rg BT 249.65 298.10 Td (any ) Tj ET Q q 0 0 0 rg BT 266.73 298.10 Td (required ) Tj ET Q q 0 0 0 rg BT 302.68 298.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 346.41 298.10 Td (approvals, ) Tj ET Q q 0 0 0 rg BT 390.42 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.28 298.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 445.68 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.65 298.10 Td (our ) Tj ET Q q 0 0 0 rg BT 472.61 298.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 509.68 298.10 Td (or ) Tj ET Q q 0 0 0 rg BT 520.64 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.50 298.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 553.68 298.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (electricity ) Tj ET Q q 0 0 0 rg BT 92.58 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.96 286.10 Td (third ) Tj ET Q q 0 0 0 rg BT 124.45 286.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 153.71 286.10 Td (could ) Tj ET Q q 0 0 0 rg BT 178.53 286.10 Td (be ) Tj ET Q q 0 0 0 rg BT 190.58 286.10 Td (prevented, ) Tj ET Q q 0 0 0 rg BT 235.10 286.10 Td (made ) Tj ET Q q 0 0 0 rg BT 259.36 286.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 290.29 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.67 286.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 343.27 286.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 386.41 286.10 Td (or ) Tj ET Q q 0 0 0 rg BT 397.35 286.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 428.28 286.10 Td (our ) Tj ET Q q 0 0 0 rg BT 444.21 286.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 489.04 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 499.42 286.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 542.01 286.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.83 274.10 Td (a ) Tj ET Q q 0 0 0 rg BT 67.77 274.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 104.68 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.96 274.10 Td (revenue.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 256.10 Td (The ) Tj ET Q q 0 0 0 rg BT 77.61 256.10 Td (energy ) Tj ET Q q 0 0 0 rg BT 107.88 256.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 144.28 256.10 Td (is ) Tj ET Q q 0 0 0 rg BT 153.45 256.10 Td (becoming ) Tj ET Q q 0 0 0 rg BT 195.94 256.10 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 249.00 256.10 Td (competitive, ) Tj ET Q q 0 0 0 rg BT 300.65 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.71 256.10 Td (we ) Tj ET Q q 0 0 0 rg BT 332.32 256.10 Td (might ) Tj ET Q q 0 0 0 rg BT 358.71 256.10 Td (not ) Tj ET Q q 0 0 0 rg BT 374.55 256.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 426.49 256.10 Td (respond ) Tj ET Q q 0 0 0 rg BT 461.77 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 472.05 256.10 Td (these ) Tj ET Q q 0 0 0 rg BT 495.66 256.10 Td (changes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 238.10 Td (W) Tj ET Q q 0 0 0 rg BT 67.64 238.10 Td (e ) Tj ET Q q 0 0 0 rg BT 74.62 238.10 Td (may ) Tj ET Q q 0 0 0 rg BT 94.39 238.10 Td (not ) Tj ET Q q 0 0 0 rg BT 109.71 238.10 Td (be ) Tj ET Q q 0 0 0 rg BT 121.70 238.10 Td (able ) Tj ET Q q 0 0 0 rg BT 140.90 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 151.22 238.10 Td (respond ) Tj ET Q q 0 0 0 rg BT 185.43 238.10 Td (in ) Tj ET Q q 0 0 0 rg BT 195.75 238.10 Td (a ) Tj ET Q q 0 0 0 rg BT 202.74 238.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 230.84 238.10 Td (or ) Tj ET Q q 0 0 0 rg BT 241.71 238.10 Td (ef) Tj ET Q q 0 0 0 rg BT 249.30 238.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 279.05 238.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 311.58 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.91 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.67 238.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 371.42 238.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 408.96 238.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.29 238.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 459.59 238.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 509.90 238.10 Td (in ) Tj ET Q q 0 0 0 rg BT 520.23 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.99 238.10 Td (ener) Tj ET Q q 0 0 0 rg BT 552.02 238.10 Td (gy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 85.10 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 95.21 226.10 Td (global ) Tj ET Q q 0 0 0 rg BT 122.53 226.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 158.84 226.10 Td (These ) Tj ET Q q 0 0 0 rg BT 185.04 226.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 219.58 226.10 Td (may ) Tj ET Q q 0 0 0 rg BT 239.12 226.10 Td (include ) Tj ET Q q 0 0 0 rg BT 270.88 226.10 Td (deregulation ) Tj ET Q q 0 0 0 rg BT 323.18 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.84 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.38 226.10 Td (electric ) Tj ET Q q 0 0 0 rg BT 380.13 226.10 Td (utility ) Tj ET Q q 0 0 0 rg BT 406.34 226.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 441.45 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 451.55 226.10 Td (some ) Tj ET Q q 0 0 0 rg BT 474.99 226.10 Td (markets, ) Tj ET Q q 0 0 0 rg BT 511.47 226.10 Td (privatization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.60 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.09 214.10 Td (electric ) Tj ET Q q 0 0 0 rg BT 109.78 214.10 Td (utility ) Tj ET Q q 0 0 0 rg BT 136.95 214.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 173.00 214.10 Td (in ) Tj ET Q q 0 0 0 rg BT 184.05 214.10 Td (other ) Tj ET Q q 0 0 0 rg BT 207.87 214.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 242.80 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.51 214.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 304.88 214.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 355.92 214.10 Td (in ) Tj ET Q q 0 0 0 rg BT 366.97 214.10 Td (all ) Tj ET Q q 0 0 0 rg BT 380.24 214.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 417.43 214.10 Td (T) Tj ET Q q 0 0 0 rg BT 422.84 214.10 Td (o ) Tj ET Q q 0 0 0 rg BT 431.11 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.60 214.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 474.31 214.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 524.79 214.10 Td (pressures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 84.32 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.32 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.09 202.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 143.98 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.98 202.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 177.09 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.98 202.10 Td (electricity ) Tj ET Q q 0 0 0 rg BT 228.52 202.10 Td (assumes ) Tj ET Q q 0 0 0 rg BT 263.41 202.10 Td (more ) Tj ET Q q 0 0 0 rg BT 285.52 202.10 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 344.27 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.16 202.10 Td (a ) Tj ET Q q 0 0 0 rg BT 360.16 202.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 407.27 202.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 445.22 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.00 202.10 Td (economics ) Tj ET Q q 0 0 0 rg BT 503.33 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.22 202.10 Td (our ) Tj ET Q q 0 0 0 rg BT 528.11 202.10 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.72 190.10 Td (be ) Tj ET Q q 0 0 0 rg BT 81.66 190.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 112.48 190.10 Td (to ) Tj ET Q q 0 0 0 rg BT 122.76 190.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 153.01 190.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 191.62 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.56 190.10 Td (we ) Tj ET Q q 0 0 0 rg BT 222.72 190.10 Td (might ) Tj ET Q q 0 0 0 rg BT 248.55 190.10 Td (not ) Tj ET Q q 0 0 0 rg BT 263.83 190.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 315.21 190.10 Td (respond ) Tj ET Q q 0 0 0 rg BT 349.37 190.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.65 190.10 Td (these ) Tj ET Q q 0 0 0 rg BT 382.70 190.10 Td (changes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 172.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 90.40 172.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 140.68 172.10 Td (charges ) Tj ET Q q 0 0 0 rg BT 175.41 172.10 Td (could ) Tj ET Q q 0 0 0 rg BT 200.68 172.10 Td (have ) Tj ET Q q 0 0 0 rg BT 222.62 172.10 Td (a ) Tj ET Q q 0 0 0 rg BT 230.12 172.10 Td (material ) Tj ET Q q 0 0 0 rg BT 267.07 172.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 300.67 172.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 330.94 172.10 Td (on ) Tj ET Q q 0 0 0 rg BT 344.00 172.10 Td (our ) Tj ET Q q 0 0 0 rg BT 360.95 172.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 400.68 172.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 442.08 172.10 Td (and ) Tj ET Q q 0 0 0 rg BT 460.14 172.10 Td (results ) Tj ET Q q 0 0 0 rg BT 489.87 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.70 172.10 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 154.10 Td (In ) Tj ET Q q 0 0 0 rg BT 71.97 154.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 121.57 154.10 Td (with ) Tj ET Q q 0 0 0 rg BT 143.98 154.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 192.49 154.10 Td (guidance, ) Tj ET Q q 0 0 0 rg BT 235.73 154.10 Td (we ) Tj ET Q q 0 0 0 rg BT 252.02 154.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 289.97 154.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 335.71 154.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 363.68 154.10 Td (for ) Tj ET Q q 0 0 0 rg BT 379.98 154.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 430.72 154.10 Td (whenever ) Tj ET Q q 0 0 0 rg BT 474.22 154.10 Td (events ) Tj ET Q q 0 0 0 rg BT 504.41 154.10 Td (or ) Tj ET Q q 0 0 0 rg BT 517.38 154.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.22 154.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 111.15 142.10 Td (such ) Tj ET Q q 0 0 0 rg BT 131.50 142.10 Td (as ) Tj ET Q q 0 0 0 rg BT 141.84 142.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 186.07 142.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 218.62 142.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 252.84 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 262.63 142.10 Td (regulation, ) Tj ET Q q 0 0 0 rg BT 307.69 142.10 Td (business ) Tj ET Q q 0 0 0 rg BT 343.60 142.10 Td (climate ) Tj ET Q q 0 0 0 rg BT 375.04 142.10 Td (or ) Tj ET Q q 0 0 0 rg BT 385.38 142.10 Td (market ) Tj ET Q q 0 0 0 rg BT 415.16 142.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 461.34 142.10 Td (could ) Tj ET Q q 0 0 0 rg BT 485.57 142.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 530.35 142.10 Td (indicate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.48 130.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 100.06 130.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 132.32 130.10 Td (may ) Tj ET Q q 0 0 0 rg BT 151.80 130.10 Td (not ) Tj ET Q q 0 0 0 rg BT 166.85 130.10 Td (be ) Tj ET Q q 0 0 0 rg BT 178.55 130.10 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 229.94 130.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 276.09 130.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 320.01 130.10 Td (in ) Tj ET Q q 0 0 0 rg BT 330.05 130.10 Td (our ) Tj ET Q q 0 0 0 rg BT 345.65 130.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 383.45 130.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 417.36 130.10 Td (or ) Tj ET Q q 0 0 0 rg BT 427.95 130.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 447.98 130.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 472.47 130.10 Td (for ) Tj ET Q q 0 0 0 rg BT 486.39 130.10 Td (an ) Tj ET Q q 0 0 0 rg BT 498.10 130.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 536.46 130.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.10 118.10 Td (time ) Tj ET Q q 0 0 0 rg BT 81.64 118.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 119.41 118.10 Td (from ) Tj ET Q q 0 0 0 rg BT 141.62 118.10 Td (such ) Tj ET Q q 0 0 0 rg BT 162.72 118.10 Td (events ) Tj ET Q q 0 0 0 rg BT 191.03 118.10 Td (could ) Tj ET Q q 0 0 0 rg BT 216.02 118.10 Td (result ) Tj ET Q q 0 0 0 rg BT 241.01 118.10 Td (in ) Tj ET Q q 0 0 0 rg BT 251.56 118.10 Td (future ) Tj ET Q q 0 0 0 rg BT 278.20 118.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 300.41 118.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 349.28 118.10 Td (char) Tj ET Q q 0 0 0 rg BT 366.31 118.10 Td (ges, ) Tj ET Q q 0 0 0 rg BT 384.91 118.10 Td (which ) Tj ET Q q 0 0 0 rg BT 412.12 118.10 Td (could ) Tj ET Q q 0 0 0 rg BT 437.10 118.10 Td (have ) Tj ET Q q 0 0 0 rg BT 458.75 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 465.96 118.10 Td (material ) Tj ET Q q 0 0 0 rg BT 501.49 118.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 534.79 118.10 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 106.10 Td (our ) Tj ET Q q 0 0 0 rg BT 78.33 106.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 115.81 106.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 156.08 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.02 106.10 Td (results ) Tj ET Q q 0 0 0 rg BT 201.63 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.46 106.10 Td (operations.) Tj ET Q endstream endobj 59 0 obj <>] /Rotate 0 /Contents 60 0 R>> endobj 60 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (29) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 742.25 Td (Security ) Tj ET Q q 0 0 0 rg BT 95.62 742.25 Td (breaches ) Tj ET Q q 0 0 0 rg BT 135.01 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 153.30 742.25 Td (other ) Tj ET Q q 0 0 0 rg BT 177.70 742.25 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 226.56 742.25 Td (to ) Tj ET Q q 0 0 0 rg BT 237.07 742.25 Td (our ) Tj ET Q q 0 0 0 rg BT 254.25 742.25 Td (information ) Tj ET Q q 0 0 0 rg BT 306.44 742.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 354.16 742.25 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 414.68 742.25 Td (could ) Tj ET Q q 0 0 0 rg BT 440.19 742.25 Td (interfere ) Tj ET Q q 0 0 0 rg BT 478.47 742.25 Td (with ) Tj ET Q q 0 0 0 rg BT 498.99 742.25 Td (our ) Tj ET Q q 0 0 0 rg BT 516.17 742.25 Td (operations, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (compromise ) Tj ET Q q 0 0 0 rg BT 103.44 730.25 Td (information ) Tj ET Q q 0 0 0 rg BT 156.35 730.25 Td (belonging ) Tj ET Q q 0 0 0 rg BT 200.92 730.25 Td (to ) Tj ET Q q 0 0 0 rg BT 212.14 730.25 Td (us ) Tj ET Q q 0 0 0 rg BT 225.05 730.25 Td (and ) Tj ET Q q 0 0 0 rg BT 244.06 730.25 Td (our ) Tj ET Q q 0 0 0 rg BT 261.96 730.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 309.58 730.25 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 350.26 730.25 Td (or ) Tj ET Q q 0 0 0 rg BT 362.60 730.25 Td (employees, ) Tj ET Q q 0 0 0 rg BT 410.75 730.25 Td (and ) Tj ET Q q 0 0 0 rg BT 429.76 730.25 Td (expose ) Tj ET Q q 0 0 0 rg BT 460.98 730.25 Td (us ) Tj ET Q q 0 0 0 rg BT 473.88 730.25 Td (to ) Tj ET Q q 0 0 0 rg BT 485.10 730.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 519.66 730.25 Td (that ) Tj ET Q q 0 0 0 rg BT 539.23 730.25 Td (could ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 90.82 718.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 121.09 718.25 Td (our ) Tj ET Q q 0 0 0 rg BT 138.04 718.25 Td (business ) Tj ET Q q 0 0 0 rg BT 175.56 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.62 718.25 Td (reputation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 700.25 Td (In ) Tj ET Q q 0 0 0 rg BT 70.62 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 86.13 700.25 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 123.29 700.25 Td (course ) Tj ET Q q 0 0 0 rg BT 152.68 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.30 700.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 203.98 700.25 Td (we ) Tj ET Q q 0 0 0 rg BT 218.93 700.25 Td (rely ) Tj ET Q q 0 0 0 rg BT 237.77 700.25 Td (on ) Tj ET Q q 0 0 0 rg BT 251.06 700.25 Td (information ) Tj ET Q q 0 0 0 rg BT 301.56 700.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 349.29 700.25 Td (networks ) Tj ET Q q 0 0 0 rg BT 389.24 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 406.97 700.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 441.93 700.25 Td (to ) Tj ET Q q 0 0 0 rg BT 452.99 700.25 Td (process, ) Tj ET Q q 0 0 0 rg BT 488.77 700.25 Td (transmit ) Tj ET Q q 0 0 0 rg BT 524.84 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 542.57 700.25 Td (store ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (electronic ) Tj ET Q q 0 0 0 rg BT 92.46 688.25 Td (information, ) Tj ET Q q 0 0 0 rg BT 145.20 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 162.68 688.25 Td (to ) Tj ET Q q 0 0 0 rg BT 173.49 688.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 207.62 688.25 Td (or ) Tj ET Q q 0 0 0 rg BT 218.99 688.25 Td (support ) Tj ET Q q 0 0 0 rg BT 252.02 688.25 Td (a ) Tj ET Q q 0 0 0 rg BT 259.50 688.25 Td (variety ) Tj ET Q q 0 0 0 rg BT 290.30 688.25 Td (of ) Tj ET Q q 0 0 0 rg BT 301.67 688.25 Td (business ) Tj ET Q q 0 0 0 rg BT 338.59 688.25 Td (processes ) Tj ET Q q 0 0 0 rg BT 379.95 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 397.42 688.25 Td (activities. ) Tj ET Q q 0 0 0 rg BT 439.06 688.25 Td (Despite ) Tj ET Q q 0 0 0 rg BT 472.64 688.25 Td (security ) Tj ET Q q 0 0 0 rg BT 507.33 688.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 547.58 688.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (business ) Tj ET Q q 0 0 0 rg BT 87.45 676.25 Td (continuity ) Tj ET Q q 0 0 0 rg BT 131.56 676.25 Td (plans, ) Tj ET Q q 0 0 0 rg BT 158.73 676.25 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 213.39 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 231.39 676.25 Td (breaches ) Tj ET Q q 0 0 0 rg BT 269.93 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 281.82 676.25 Td (computer ) Tj ET Q q 0 0 0 rg BT 323.14 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 341.14 676.25 Td (communications ) Tj ET Q q 0 0 0 rg BT 410.80 676.25 Td (systems, ) Tj ET Q q 0 0 0 rg BT 448.53 676.25 Td (including ) Tj ET Q q 0 0 0 rg BT 489.86 676.25 Td (computer ) Tj ET Q q 0 0 0 rg BT 531.18 676.25 Td (viruses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td ("hacking" ) Tj ET Q q 0 0 0 rg BT 92.59 664.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.80 664.25 Td ("cyber) Tj ET Q q 0 0 0 rg BT 135.89 664.25 Td (-attacks," ) Tj ET Q q 0 0 0 rg BT 176.34 664.25 Td (power ) Tj ET Q q 0 0 0 rg BT 204.10 664.25 Td (outages, ) Tj ET Q q 0 0 0 rg BT 239.92 664.25 Td (telecommunication ) Tj ET Q q 0 0 0 rg BT 319.33 664.25 Td (or ) Tj ET Q q 0 0 0 rg BT 330.44 664.25 Td (utility ) Tj ET Q q 0 0 0 rg BT 357.10 664.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 396.80 664.25 Td (system ) Tj ET Q q 0 0 0 rg BT 427.35 664.25 Td (failures, ) Tj ET Q q 0 0 0 rg BT 462.61 664.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 493.15 664.25 Td (disasters ) Tj ET Q q 0 0 0 rg BT 530.36 664.25 Td (or ) Tj ET Q q 0 0 0 rg BT 541.46 664.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (catastrophic ) Tj ET Q q 0 0 0 rg BT 100.36 652.25 Td (events ) Tj ET Q q 0 0 0 rg BT 127.95 652.25 Td (that ) Tj ET Q q 0 0 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 580.25 Td (As ) Tj ET Q q 0 0 0 rg BT 72.86 580.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.93 580.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 142.76 580.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.76 580.25 Td (, ) Tj ET Q q 0 0 0 rg BT 168.00 580.25 Td (we ) Tj ET Q q 0 0 0 rg BT 182.41 580.25 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.59 580.25 Td ($288 ) Tj ET Q q 0 0 0 rg BT 222.33 580.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.23 580.25 Td ( ) Tj ET Q q 0 0 0 rg BT 253.97 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 265.04 580.25 Td (net ) Tj ET Q q 0 0 0 rg BT 280.01 580.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 320.51 580.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 338.82 580.25 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 397.64 580.25 Td (\(NOLs\). ) Tj ET Q q 0 0 0 rg BT 442.87 580.25 Td (NOLs ) Tj ET Q q 0 0 0 rg BT 470.05 580.25 Td (of) Tj ET Q q 0 0 0 rg BT 478.20 580.25 Td (fset ) Tj ET Q 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362.87 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.77 532.25 Td (date ) Tj ET Q q 0 0 0 rg BT 397.10 532.25 Td (on ) Tj ET Q q 0 0 0 rg BT 409.78 532.25 Td (which ) Tj ET Q q 0 0 0 rg BT 436.89 532.25 Td (we ) Tj ET Q q 0 0 0 rg BT 451.23 532.25 Td (may ) Tj ET Q q 0 0 0 rg BT 471.13 532.25 Td (be ) Tj ET Q q 0 0 0 rg BT 483.24 532.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 524.80 532.25 Td (obligated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 520.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 77.22 520.25 Td (incremental ) Tj ET Q q 0 0 0 rg BT 126.91 520.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 147.18 520.25 Td (taxes. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 502.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 78.17 502.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 121.80 502.25 Td (and ) Tj ET Q q 0 0 0 rg BT 139.86 502.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 189.59 502.25 Td (protections ) Tj ET Q q 0 0 0 rg BT 237.64 502.25 Td (may ) Tj ET Q q 0 0 0 rg BT 257.36 502.25 Td (not ) Tj ET Q q 0 0 0 rg BT 273.20 502.25 Td (always ) Tj ET Q q 0 0 0 rg BT 303.48 502.25 Td (cover ) Tj ET Q q 0 0 0 rg BT 328.18 502.25 Td (lost ) Tj ET Q q 0 0 0 rg BT 345.13 502.25 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 382.90 502.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 424.84 502.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 460.11 502.25 Td (or ) Tj ET Q q 0 0 0 rg BT 471.50 502.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 521.23 502.25 Td (liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 484.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 99.35 484.25 Td (our ) Tj ET Q q 0 0 0 rg BT 115.25 484.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 160.04 484.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 197.59 484.25 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 240.98 484.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 268.54 484.25 Td (warranties ) Tj ET Q q 0 0 0 rg BT 312.75 484.25 Td (from ) Tj ET Q q 0 0 0 rg BT 334.76 484.25 Td (vendors, ) Tj ET Q q 0 0 0 rg BT 371.49 484.25 Td (require ) Tj ET Q q 0 0 0 rg BT 402.37 484.25 Td (contractors ) Tj ET Q q 0 0 0 rg BT 449.37 484.25 Td (to ) Tj ET Q q 0 0 0 rg BT 459.71 484.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 481.71 484.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 511.49 484.25 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 75.38 472.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 94.37 472.25 Td (in ) Tj ET Q q 0 0 0 rg BT 104.20 472.25 Td (some ) Tj ET Q q 0 0 0 rg BT 127.36 472.25 Td (cases, ) Tj ET Q q 0 0 0 rg BT 153.02 472.25 Td (pass ) Tj ET Q q 0 0 0 rg BT 172.29 472.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 193.23 472.25 Td (we ) Tj ET Q q 0 0 0 rg BT 206.95 472.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 235.66 472.25 Td (control ) Tj ET Q q 0 0 0 rg BT 266.04 472.25 Td (to ) Tj ET Q q 0 0 0 rg BT 275.87 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 290.14 472.25 Td (service ) Tj ET Q q 0 0 0 rg BT 320.51 472.25 Td (recipient ) Tj ET Q q 0 0 0 rg BT 357.54 472.25 Td (or ) Tj ET Q q 0 0 0 rg BT 367.92 472.25 Td (output ) Tj ET Q q 0 0 0 rg BT 395.53 472.25 Td (purchaser) Tj ET Q q 0 0 0 rg BT 434.00 472.25 Td (, ) Tj ET Q q 0 0 0 rg BT 438.55 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 452.82 472.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 490.41 472.25 Td (of ) Tj ET Q q 0 0 0 rg BT 500.80 472.25 Td (such ) Tj ET Q q 0 0 0 rg BT 521.18 472.25 Td (insurance, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (warranties, ) Tj ET Q q 0 0 0 rg BT 96.92 460.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 150.22 460.25 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 195.76 460.25 Td (or ) Tj ET Q q 0 0 0 rg BT 206.87 460.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 224.64 460.25 Td (sharing ) Tj ET Q q 0 0 0 rg BT 256.86 460.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 313.50 460.25 Td (may ) Tj ET Q q 0 0 0 rg BT 333.50 460.25 Td (not ) Tj ET Q q 0 0 0 rg BT 349.05 460.25 Td (be ) Tj ET Q q 0 0 0 rg BT 361.27 460.25 Td (adequate ) Tj ET Q q 0 0 0 rg BT 399.58 460.25 Td (to ) Tj ET Q q 0 0 0 rg BT 410.14 460.25 Td (cover ) Tj ET Q q 0 0 0 rg BT 435.12 460.25 Td (lost ) Tj ET Q q 0 0 0 rg BT 452.35 460.25 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 489.27 460.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 529.80 460.25 Td (expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.83 448.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 107.75 448.25 Td (liabilities.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 430.25 Td (W) Tj ET Q q 0 0 0 rg BT 67.15 430.25 Td (e ) Tj ET Q q 0 0 0 rg BT 74.92 430.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 107.70 430.25 Td (on ) Tj ET Q q 0 0 0 rg BT 121.59 430.25 Td (our ) Tj ET Q q 0 0 0 rg BT 139.38 430.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 168.28 430.25 Td (management ) Tj ET Q q 0 0 0 rg BT 224.95 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 243.84 430.25 Td (key ) Tj ET Q q 0 0 0 rg BT 261.06 430.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 304.95 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 323.85 430.25 Td (we ) Tj ET Q q 0 0 0 rg BT 338.29 430.25 Td (may ) Tj ET Q q 0 0 0 rg BT 358.84 430.25 Td (have ) Tj ET Q q 0 0 0 rg BT 381.62 430.25 Td (dif) Tj ET Q q 0 0 0 rg BT 392.54 430.25 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 421.98 430.25 Td (attracting ) Tj ET Q q 0 0 0 rg BT 465.32 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 484.22 430.25 Td (retaining ) Tj ET Q q 0 0 0 rg BT 525.34 430.25 Td (qualified ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (professionals. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 400.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 77.25 400.25 Td (future ) Tj ET Q q 0 0 0 rg BT 103.83 400.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 144.29 400.25 Td (results ) Tj ET Q q 0 0 0 rg BT 173.10 400.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 204.68 400.25 Td (to ) Tj ET Q q 0 0 0 rg BT 215.16 400.25 Td (a ) Tj ET Q q 0 0 0 rg BT 222.30 400.25 Td (lar) Tj ET Q q 0 0 0 rg BT 232.66 400.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 244.80 400.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 271.93 400.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 294.63 400.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.55 400.25 Td (continued ) Tj ET Q q 0 0 0 rg BT 351.69 400.25 Td (contributions ) Tj ET Q q 0 0 0 rg BT 407.16 400.25 Td (of ) Tj ET Q q 0 0 0 rg BT 418.19 400.25 Td (key ) Tj ET Q q 0 0 0 rg BT 435.33 400.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 462.47 400.25 Td (managers ) Tj ET Q q 0 0 0 rg BT 503.48 400.25 Td (and ) Tj ET Q q 0 0 0 rg BT 520.62 400.25 Td (personnel. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (In ) Tj ET Q q 0 0 0 rg BT 61.67 388.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 100.28 388.25 Td (we ) Tj ET Q q 0 0 0 rg BT 115.27 388.25 Td (are ) Tj ET Q q 0 0 0 rg BT 130.82 388.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 175.25 388.25 Td (on ) Tj ET Q q 0 0 0 rg BT 188.58 388.25 Td (our ) Tj ET Q q 0 0 0 rg BT 205.25 388.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 234.14 388.25 Td (to ) Tj ET Q q 0 0 0 rg BT 245.25 388.25 Td (attract, ) Tj ET Q q 0 0 0 rg BT 276.07 388.25 Td (train, ) Tj ET Q q 0 0 0 rg BT 300.23 388.25 Td (retain ) Tj ET Q q 0 0 0 rg BT 326.33 388.25 Td (and ) Tj ET Q q 0 0 0 rg BT 344.11 388.25 Td (motivate ) Tj ET Q q 0 0 0 rg BT 382.43 388.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 411.33 388.25 Td (skilled ) Tj ET Q q 0 0 0 rg BT 441.33 388.25 Td (employees. ) Tj ET Q q 0 0 0 rg BT 489.93 388.25 Td (However) Tj ET Q q 0 0 0 rg BT 526.18 388.25 Td (, ) Tj ET Q q 0 0 0 rg BT 532.01 388.25 Td (there ) Tj ET Q q 0 0 0 rg BT 555.34 388.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 94.84 376.25 Td (competition ) Tj ET Q q 0 0 0 rg BT 145.24 376.25 Td (for ) Tj ET Q q 0 0 0 rg BT 159.53 376.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 204.92 376.25 Td (with ) Tj ET Q q 0 0 0 rg BT 225.33 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.18 376.25 Td (requisite ) Tj ET Q q 0 0 0 rg BT 277.24 376.25 Td (level ) Tj ET Q q 0 0 0 rg BT 299.30 376.25 Td (of ) Tj ET Q q 0 0 0 rg BT 310.26 376.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 356.19 376.25 Td (and ) Tj ET Q q 0 0 0 rg BT 373.26 376.25 Td (qualifications. ) Tj ET Q q 0 0 0 rg BT 432.82 376.25 Td (If ) Tj ET Q q 0 0 0 rg BT 442.11 376.25 Td (we ) Tj ET Q q 0 0 0 rg BT 456.40 376.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 485.68 376.25 Td (attract, ) Tj ET Q q 0 0 0 rg BT 515.79 376.25 Td (train, ) Tj ET Q q 0 0 0 rg BT 539.25 376.25 Td (retain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.08 364.25 Td (motivate ) Tj ET Q q 0 0 0 rg BT 104.72 364.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 142.91 364.25 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 186.93 364.25 Td (we ) Tj ET Q q 0 0 0 rg BT 201.24 364.25 Td (may ) Tj ET Q q 0 0 0 rg BT 221.10 364.25 Td (be ) Tj ET Q q 0 0 0 rg BT 233.18 364.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 262.48 364.25 Td (to ) Tj ET Q q 0 0 0 rg BT 272.91 364.25 Td (compete ) Tj ET Q q 0 0 0 rg BT 309.42 364.25 Td (ef) Tj ET Q q 0 0 0 rg BT 317.01 364.25 Td (fectively ) Tj ET Q q 0 0 0 rg BT 354.64 364.25 Td (and ) Tj ET Q q 0 0 0 rg BT 371.72 364.25 Td (our ) Tj ET Q q 0 0 0 rg BT 387.70 364.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 418.67 364.25 Td (may ) Tj ET Q q 0 0 0 rg BT 438.54 364.25 Td (be ) Tj ET Q q 0 0 0 rg BT 450.62 364.25 Td (limited, ) Tj ET Q q 0 0 0 rg BT 484.09 364.25 Td (which ) Tj ET Q q 0 0 0 rg BT 511.18 364.25 Td (could ) Tj ET Q q 0 0 0 rg BT 536.04 364.25 Td (have ) Tj ET Q q 0 0 0 rg BT 557.56 364.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (material ) Tj ET Q q 0 0 0 rg BT 85.31 352.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 118.40 352.25 Td (ef) Tj ET Q q 0 0 0 rg BT 125.98 352.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 143.52 352.25 Td (on ) Tj ET Q q 0 0 0 rg BT 156.07 352.25 Td (our ) Tj ET Q q 0 0 0 rg BT 171.95 352.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 210.89 352.25 Td (results ) Tj ET Q q 0 0 0 rg BT 239.55 352.25 Td (of ) Tj ET Q q 0 0 0 rg BT 250.43 352.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 297.14 352.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 334.67 352.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 374.99 352.25 Td (and ) Tj ET Q q 0 0 0 rg BT 391.98 352.25 Td (prospects ) Tj ET Q q 0 0 0 rg BT 432.30 352.25 Td (and ) Tj ET Q q 0 0 0 rg BT 449.29 352.25 Td (our ) Tj ET Q q 0 0 0 rg BT 465.17 352.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 493.27 352.25 Td (to ) Tj ET Q q 0 0 0 rg BT 503.60 352.25 Td (fulfill ) Tj ET Q q 0 0 0 rg BT 528.92 352.25 Td (our ) Tj ET Q q 0 0 0 rg BT 544.80 352.25 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (obligations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 322.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 78.17 322.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 114.01 322.25 Td (and ) Tj ET Q q 0 0 0 rg BT 132.08 322.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 180.13 322.25 Td (may ) Tj ET Q q 0 0 0 rg BT 199.84 322.25 Td (not ) Tj ET Q q 0 0 0 rg BT 215.68 322.25 Td (prevent ) Tj ET Q q 0 0 0 rg BT 248.73 322.25 Td (or ) Tj ET Q q 0 0 0 rg BT 260.12 322.25 Td (detect ) Tj ET Q q 0 0 0 rg BT 286.50 322.25 Td (all ) Tj ET Q q 0 0 0 rg BT 299.55 322.25 Td (errors ) Tj ET Q q 0 0 0 rg BT 327.06 322.25 Td (or ) Tj ET Q q 0 0 0 rg BT 338.45 322.25 Td (acts ) Tj ET Q q 0 0 0 rg BT 357.06 322.25 Td (of ) Tj ET Q q 0 0 0 rg BT 367.89 322.25 Td (fraud.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 304.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 78.99 304.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 122.31 304.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 157.29 304.25 Td (and ) Tj ET Q q 0 0 0 rg BT 174.50 304.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 221.13 304.25 Td (or ) Tj ET Q q 0 0 0 rg BT 232.23 304.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 265.54 304.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 300.53 304.25 Td (and ) Tj ET Q q 0 0 0 rg BT 317.74 304.25 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 366.87 304.25 Td (no ) Tj ET Q q 0 0 0 rg BT 379.64 304.25 Td (matter ) Tj ET Q q 0 0 0 rg BT 407.95 304.25 Td (how ) Tj ET Q q 0 0 0 rg BT 427.94 304.25 Td (well ) Tj ET Q q 0 0 0 rg BT 447.93 304.25 Td (conceived ) Tj ET Q q 0 0 0 rg BT 491.23 304.25 Td (and ) Tj ET Q q 0 0 0 rg BT 508.43 304.25 Td (operated, ) Tj ET Q q 0 0 0 rg BT 548.13 304.25 Td (can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 82.84 292.25 Td (only ) Tj ET Q q 0 0 0 rg BT 102.92 292.25 Td (reasonable, ) Tj ET Q q 0 0 0 rg BT 150.46 292.25 Td (not ) Tj ET Q q 0 0 0 rg BT 165.54 292.25 Td (absolute, ) Tj ET Q q 0 0 0 rg BT 203.66 292.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 244.82 292.25 Td (that ) Tj ET Q q 0 0 0 rg BT 262.11 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.62 292.25 Td (objectives ) Tj ET Q q 0 0 0 rg BT 319.46 292.25 Td (of ) Tj ET Q q 0 0 0 rg BT 330.08 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 344.59 292.25 Td (control ) Tj ET Q q 0 0 0 rg BT 375.21 292.25 Td (system ) Tj ET Q q 0 0 0 rg BT 405.29 292.25 Td (are ) Tj ET Q q 0 0 0 rg BT 419.79 292.25 Td (met. ) Tj ET Q q 0 0 0 rg BT 439.58 292.25 Td (Further) Tj ET Q q 0 0 0 rg BT 468.62 292.25 Td (, ) Tj ET Q q 0 0 0 rg BT 473.41 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 487.92 292.25 Td (design ) Tj ET Q q 0 0 0 rg BT 516.33 292.25 Td (of ) Tj ET Q q 0 0 0 rg BT 526.95 292.25 Td (a ) Tj ET Q q 0 0 0 rg BT 533.69 292.25 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (system ) Tj ET Q q 0 0 0 rg BT 79.48 280.25 Td (must ) Tj ET Q q 0 0 0 rg BT 100.64 280.25 Td (consider ) Tj ET Q q 0 0 0 rg BT 136.22 280.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.14 280.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 183.50 280.25 Td (of ) Tj ET Q q 0 0 0 rg BT 193.54 280.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 227.46 280.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 259.15 280.25 Td (to ) Tj ET Q q 0 0 0 rg BT 268.63 280.25 Td (their ) Tj ET Q q 0 0 0 rg BT 288.66 280.25 Td (costs. ) Tj ET Q q 0 0 0 rg BT 312.87 280.25 Td (Inherent ) Tj ET Q q 0 0 0 rg BT 347.89 280.25 Td (limitations ) Tj ET Q q 0 0 0 rg BT 392.37 280.25 Td (within ) Tj ET Q q 0 0 0 rg BT 419.63 280.25 Td (a ) Tj ET Q q 0 0 0 rg BT 425.78 280.25 Td (control ) Tj ET Q q 0 0 0 rg BT 455.81 280.25 Td (system ) Tj ET Q q 0 0 0 rg BT 485.29 280.25 Td (include ) Tj ET Q q 0 0 0 rg BT 516.43 280.25 Td (the ) Tj ET Q q 0 0 0 rg BT 530.35 280.25 Td (realities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.14 268.25 Td (judgments ) Tj ET Q q 0 0 0 rg BT 110.96 268.25 Td (in ) Tj ET Q q 0 0 0 rg BT 120.88 268.25 Td (decision-making ) Tj ET Q q 0 0 0 rg BT 189.68 268.25 Td (can ) Tj ET Q q 0 0 0 rg BT 205.70 268.25 Td (be ) Tj ET Q q 0 0 0 rg BT 217.29 268.25 Td (faulty) Tj ET Q q 0 0 0 rg BT 239.96 268.25 Td (, ) Tj ET Q q 0 0 0 rg BT 244.61 268.25 Td (and ) Tj ET Q q 0 0 0 rg BT 261.20 268.25 Td (that ) Tj ET Q q 0 0 0 rg BT 278.34 268.25 Td (breakdowns ) Tj ET Q q 0 0 0 rg BT 328.81 268.25 Td (can ) Tj ET Q q 0 0 0 rg BT 344.83 268.25 Td (occur ) Tj ET Q q 0 0 0 rg BT 369.19 268.25 Td (because ) Tj ET Q q 0 0 0 rg BT 402.98 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 413.46 268.25 Td (simple ) Tj ET Q q 0 0 0 rg BT 442.27 268.25 Td (error ) Tj ET Q q 0 0 0 rg BT 463.85 268.25 Td (or ) Tj ET Q q 0 0 0 rg BT 474.32 268.25 Td (mistake. ) Tj ET Q q 0 0 0 rg BT 509.60 268.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 559.50 268.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 84.75 256.25 Td (can ) Tj ET Q q 0 0 0 rg BT 101.17 256.25 Td (be ) Tj ET Q q 0 0 0 rg BT 113.14 256.25 Td (circumvented ) Tj ET Q q 0 0 0 rg BT 170.09 256.25 Td (by ) Tj ET Q q 0 0 0 rg BT 182.63 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 197.38 256.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 240.47 256.25 Td (acts ) Tj ET Q q 0 0 0 rg BT 258.55 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 269.42 256.25 Td (some ) Tj ET Q q 0 0 0 rg BT 293.06 256.25 Td (persons, ) Tj ET Q q 0 0 0 rg BT 328.65 256.25 Td (by ) Tj ET Q q 0 0 0 rg BT 341.18 256.25 Td (collusion ) Tj ET Q q 0 0 0 rg BT 380.39 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 391.25 256.25 Td (two ) Tj ET Q q 0 0 0 rg BT 408.79 256.25 Td (or ) Tj ET Q q 0 0 0 rg BT 419.65 256.25 Td (more ) Tj ET Q q 0 0 0 rg BT 442.73 256.25 Td (people, ) Tj ET Q q 0 0 0 rg BT 474.43 256.25 Td (or ) Tj ET Q q 0 0 0 rg BT 485.29 256.25 Td (by ) Tj ET Q q 0 0 0 rg BT 497.83 256.25 Td (an ) Tj ET Q q 0 0 0 rg BT 509.80 256.25 Td (unauthorized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (override ) Tj ET Q q 0 0 0 rg BT 86.43 244.25 Td (of ) Tj ET Q q 0 0 0 rg BT 97.88 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 113.21 244.25 Td (controls. ) Tj ET Q q 0 0 0 rg BT 150.81 244.25 Td (While ) Tj ET Q q 0 0 0 rg BT 178.36 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.70 244.25 Td (design ) Tj ET Q q 0 0 0 rg BT 222.92 244.25 Td (of ) Tj ET Q q 0 0 0 rg BT 234.36 244.25 Td (any ) Tj ET Q q 0 0 0 rg BT 251.92 244.25 Td (system ) Tj ET Q q 0 0 0 rg BT 282.81 244.25 Td (of ) Tj ET Q q 0 0 0 rg BT 294.26 244.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 329.59 244.25 Td (is ) Tj ET Q q 0 0 0 rg BT 339.37 244.25 Td (to ) Tj ET Q q 0 0 0 rg BT 350.27 244.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 383.93 244.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 429.80 244.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 471.78 244.25 Td (of ) Tj ET Q q 0 0 0 rg BT 483.23 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 498.56 244.25 Td (ef) Tj ET Q q 0 0 0 rg BT 506.15 244.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 553.69 244.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 93.64 232.25 Td (controls, ) Tj ET Q q 0 0 0 rg BT 131.45 232.25 Td (such ) Tj ET Q q 0 0 0 rg BT 152.87 232.25 Td (design ) Tj ET Q q 0 0 0 rg BT 182.08 232.25 Td (is ) Tj ET Q q 0 0 0 rg BT 191.84 232.25 Td (also ) Tj ET Q q 0 0 0 rg BT 211.04 232.25 Td (based ) Tj ET Q q 0 0 0 rg BT 236.90 232.25 Td (in ) Tj ET Q q 0 0 0 rg BT 247.77 232.25 Td (part ) Tj ET Q q 0 0 0 rg BT 266.41 232.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 289.51 232.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 319.80 232.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 372.34 232.25 Td (about ) Tj ET Q q 0 0 0 rg BT 397.65 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 412.96 232.25 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 456.61 232.25 Td (of ) Tj ET Q q 0 0 0 rg BT 468.03 232.25 Td (future ) Tj ET Q q 0 0 0 rg BT 495.00 232.25 Td (events, ) Tj ET Q q 0 0 0 rg BT 526.14 232.25 Td (and ) Tj ET Q q 0 0 0 rg BT 543.67 232.25 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 105.08 220.25 Td (while ) Tj ET Q q 0 0 0 rg BT 130.43 220.25 Td (reasonable, ) Tj ET Q q 0 0 0 rg BT 178.82 220.25 Td (may ) Tj ET Q q 0 0 0 rg BT 199.17 220.25 Td (not ) Tj ET Q q 0 0 0 rg BT 215.09 220.25 Td (take ) Tj ET Q q 0 0 0 rg BT 234.88 220.25 Td (into ) Tj ET Q q 0 0 0 rg BT 253.57 220.25 Td (account ) Tj ET Q q 0 0 0 rg BT 287.80 220.25 Td (all ) Tj ET Q q 0 0 0 rg BT 300.93 220.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 339.05 220.25 Td (future ) Tj ET Q q 0 0 0 rg BT 366.06 220.25 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 412.67 220.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 462.01 220.25 Td (, ) Tj ET Q q 0 0 0 rg BT 467.64 220.25 Td (because ) Tj ET Q q 0 0 0 rg BT 502.42 220.25 Td (of ) Tj ET Q q 0 0 0 rg BT 513.89 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 529.24 220.25 Td (inherent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (limitations ) Tj ET Q q 0 0 0 rg BT 94.82 208.25 Td (in ) Tj ET Q q 0 0 0 rg BT 104.64 208.25 Td (a ) Tj ET Q q 0 0 0 rg BT 111.13 208.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 129.28 208.25 Td (ef) Tj ET Q q 0 0 0 rg BT 136.87 208.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 166.11 208.25 Td (control ) Tj ET Q q 0 0 0 rg BT 196.48 208.25 Td (system, ) Tj ET Q q 0 0 0 rg BT 228.80 208.25 Td (misstatements ) Tj ET Q q 0 0 0 rg BT 287.50 208.25 Td (due ) Tj ET Q q 0 0 0 rg BT 303.99 208.25 Td (to ) Tj ET Q q 0 0 0 rg BT 313.81 208.25 Td (error ) Tj ET Q q 0 0 0 rg BT 335.28 208.25 Td (or ) Tj ET Q q 0 0 0 rg BT 345.65 208.25 Td (fraud ) Tj ET Q q 0 0 0 rg BT 368.80 208.25 Td (may ) Tj ET Q q 0 0 0 rg BT 388.06 208.25 Td (occur ) Tj ET Q q 0 0 0 rg BT 412.31 208.25 Td (and ) Tj ET Q q 0 0 0 rg BT 428.79 208.25 Td (may ) Tj ET Q q 0 0 0 rg BT 448.05 208.25 Td (not ) Tj ET Q q 0 0 0 rg BT 462.87 208.25 Td (be ) Tj ET Q q 0 0 0 rg BT 474.35 208.25 Td (prevented ) Tj ET Q q 0 0 0 rg BT 515.82 208.25 Td (or ) Tj ET Q q 0 0 0 rg BT 526.19 208.25 Td (detected.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 190.25 Td (Failure ) Tj ET Q q 0 0 0 rg BT 92.23 190.25 Td (to ) Tj ET Q q 0 0 0 rg BT 102.11 190.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 141.46 190.25 Td (an ) Tj ET Q q 0 0 0 rg BT 154.13 190.25 Td (ef) Tj ET Q q 0 0 0 rg BT 161.72 190.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 190.46 190.25 Td (system ) Tj ET Q q 0 0 0 rg BT 219.79 190.25 Td (of ) Tj ET Q q 0 0 0 rg BT 230.23 190.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 265.13 190.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 300.57 190.25 Td (over ) Tj ET Q q 0 0 0 rg BT 320.45 190.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 359.79 190.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 400.23 190.25 Td (may ) Tj ET Q q 0 0 0 rg BT 419.56 190.25 Td (have ) Tj ET Q q 0 0 0 rg BT 441.11 190.25 Td (an ) Tj ET Q q 0 0 0 rg BT 453.78 190.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 486.98 190.25 Td (ef) Tj ET Q q 0 0 0 rg BT 494.57 190.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 511.66 190.25 Td (on ) Tj ET Q q 0 0 0 rg BT 524.33 190.25 Td (our ) Tj ET Q q 0 0 0 rg BT 540.90 190.25 Td (stock ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (price.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 160.25 Td (W) Tj ET Q q 0 0 0 rg BT 67.64 160.25 Td (e ) Tj ET Q q 0 0 0 rg BT 74.21 160.25 Td (have ) Tj ET Q q 0 0 0 rg BT 95.23 160.25 Td (in ) Tj ET Q q 0 0 0 rg BT 105.14 160.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.49 160.25 Td (past ) Tj ET Q q 0 0 0 rg BT 137.74 160.25 Td (discovered, ) Tj ET Q q 0 0 0 rg BT 185.69 160.25 Td (and ) Tj ET Q q 0 0 0 rg BT 202.26 160.25 Td (may ) Tj ET Q q 0 0 0 rg BT 221.62 160.25 Td (potentially ) Tj ET Q q 0 0 0 rg BT 266.52 160.25 Td (in ) Tj ET Q q 0 0 0 rg BT 276.44 160.25 Td (the ) Tj ET Q q 0 0 0 rg BT 290.79 160.25 Td (future ) Tj ET Q q 0 0 0 rg BT 316.80 160.25 Td (discover) Tj ET Q q 0 0 0 rg BT 350.28 160.25 Td (, ) Tj ET Q q 0 0 0 rg BT 354.92 160.25 Td (areas ) Tj ET Q q 0 0 0 rg BT 377.59 160.25 Td (of ) Tj ET Q q 0 0 0 rg BT 388.06 160.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 420.73 160.25 Td (control ) Tj ET Q q 0 0 0 rg BT 451.19 160.25 Td (over ) Tj ET Q q 0 0 0 rg BT 471.10 160.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 508.22 160.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 547.01 160.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.25 Td (may ) Tj ET Q q 0 0 0 rg BT 69.94 148.25 Td (require ) Tj ET Q q 0 0 0 rg BT 100.97 148.25 Td (improvement. ) Tj ET Q q 0 0 0 rg BT 159.51 148.25 Td (If ) Tj ET Q q 0 0 0 rg BT 168.89 148.25 Td (we ) Tj ET Q q 0 0 0 rg BT 183.27 148.25 Td (are ) Tj ET Q q 0 0 0 rg BT 198.19 148.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 227.57 148.25 Td (to ) Tj ET Q q 0 0 0 rg BT 238.06 148.25 Td (assert ) Tj ET Q q 0 0 0 rg BT 263.55 148.25 Td (that ) Tj ET Q q 0 0 0 rg BT 281.26 148.25 Td (our ) Tj ET Q q 0 0 0 rg BT 297.31 148.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 330.57 148.25 Td (control ) Tj ET Q q 0 0 0 rg BT 361.62 148.25 Td (over ) Tj ET Q q 0 0 0 rg BT 382.11 148.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 419.80 148.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 459.18 148.25 Td (is ) Tj ET Q q 0 0 0 rg BT 468.57 148.25 Td (ef) Tj ET Q q 0 0 0 rg BT 476.16 148.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 506.08 148.25 Td (now ) Tj ET Q q 0 0 0 rg BT 526.02 148.25 Td (or ) Tj ET Q q 0 0 0 rg BT 537.07 148.25 Td (in ) Tj ET Q q 0 0 0 rg BT 547.56 148.25 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (future ) Tj ET Q q 0 0 0 rg BT 76.97 136.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 108.10 136.25 Td (or ) Tj ET Q q 0 0 0 rg BT 119.52 136.25 Td (if ) Tj ET Q q 0 0 0 rg BT 128.72 136.25 Td (our ) Tj ET Q q 0 0 0 rg BT 145.14 136.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 197.10 136.25 Td (auditors ) Tj ET Q q 0 0 0 rg BT 232.41 136.25 Td (are ) Tj ET Q q 0 0 0 rg BT 247.71 136.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 277.45 136.25 Td (to ) Tj ET Q q 0 0 0 rg BT 288.32 136.25 Td (express ) Tj ET Q q 0 0 0 rg BT 321.40 136.25 Td (an ) Tj ET Q q 0 0 0 rg BT 333.93 136.25 Td (opinion ) Tj ET Q q 0 0 0 rg BT 367.58 136.25 Td (on ) Tj ET Q q 0 0 0 rg BT 380.67 136.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.97 136.25 Td (ef) Tj ET Q q 0 0 0 rg BT 403.56 136.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 451.07 136.25 Td (of ) Tj ET Q q 0 0 0 rg BT 462.49 136.25 Td (our ) Tj ET Q q 0 0 0 rg BT 478.91 136.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 512.54 136.25 Td (controls, ) Tj ET Q q 0 0 0 rg BT 550.35 136.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (could ) Tj ET Q q 0 0 0 rg BT 74.78 124.25 Td (lose ) Tj ET Q q 0 0 0 rg BT 93.46 124.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 128.24 124.25 Td (confidence ) Tj ET Q q 0 0 0 rg BT 174.67 124.25 Td (in ) Tj ET Q q 0 0 0 rg BT 185.02 124.25 Td (the ) Tj ET Q q 0 0 0 rg BT 199.80 124.25 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 237.89 124.25 Td (and ) Tj ET Q q 0 0 0 rg BT 254.90 124.25 Td (completeness ) Tj ET Q q 0 0 0 rg BT 311.34 124.25 Td (of ) Tj ET Q q 0 0 0 rg BT 322.24 124.25 Td (our ) Tj ET Q q 0 0 0 rg BT 338.13 124.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 375.68 124.25 Td (reports, ) Tj ET Q q 0 0 0 rg BT 408.52 124.25 Td (which ) Tj ET Q q 0 0 0 rg BT 435.52 124.25 Td (could ) Tj ET Q q 0 0 0 rg BT 460.31 124.25 Td (have ) Tj ET Q q 0 0 0 rg BT 481.75 124.25 Td (an ) Tj ET Q q 0 0 0 rg BT 493.76 124.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 526.86 124.25 Td (ef) Tj ET Q q 0 0 0 rg BT 534.45 124.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 552.00 124.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.83 112.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 89.44 112.25 Td (price.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 94.25 Td (Provisions ) Tj ET Q q 0 0 0 rg BT 103.71 94.25 Td (of ) Tj ET Q q 0 0 0 rg BT 113.41 94.25 Td (our ) Tj ET Q q 0 0 0 rg BT 129.23 94.25 Td (certificate ) Tj ET Q q 0 0 0 rg BT 171.69 94.25 Td (of ) Tj ET Q q 0 0 0 rg BT 181.39 94.25 Td (incorporation, ) Tj ET Q q 0 0 0 rg BT 241.93 94.25 Td (our ) Tj ET Q q 0 0 0 rg BT 257.76 94.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 282.45 94.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 318.81 94.25 Td (and ) Tj ET Q q 0 0 0 rg BT 335.74 94.25 Td (our ) Tj ET Q q 0 0 0 rg BT 351.56 94.25 Td (other ) Tj ET Q q 0 0 0 rg BT 374.60 94.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 415.41 94.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 433.99 94.25 Td (could ) Tj ET Q q 0 0 0 rg BT 458.14 94.25 Td (discourage ) Tj ET Q q 0 0 0 rg BT 504.51 94.25 Td (an ) Tj ET Q q 0 0 0 rg BT 516.44 94.25 Td (acquisition ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 82.25 Td (us ) Tj ET Q q 0 0 0 rg BT 72.78 82.25 Td (by ) Tj ET Q q 0 0 0 rg BT 84.72 82.25 Td (a ) Tj ET Q q 0 0 0 rg BT 92.22 82.25 Td (third ) Tj ET Q q 0 0 0 rg BT 114.73 82.25 Td (party) Tj ET Q q 0 0 0 rg BT 135.47 82.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 64.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 90.52 64.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 134.29 64.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.71 64.25 Td (our ) Tj ET Q q 0 0 0 rg BT 160.13 64.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 184.98 64.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 221.50 64.25 Td (and ) Tj ET Q q 0 0 0 rg BT 238.03 64.25 Td (our ) Tj ET Q q 0 0 0 rg BT 253.46 64.25 Td (other ) Tj ET Q q 0 0 0 rg BT 276.09 64.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 315.94 64.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 335.25 64.25 Td (could ) Tj ET Q q 0 0 0 rg BT 359.55 64.25 Td (make ) Tj ET Q q 0 0 0 rg BT 383.30 64.25 Td (it ) Tj ET Q q 0 0 0 rg BT 390.95 64.25 Td (more ) Tj ET Q q 0 0 0 rg BT 413.59 64.25 Td (dif) Tj ET Q q 0 0 0 rg BT 424.52 64.25 Td (ficult ) Tj ET Q q 0 0 0 rg BT 447.71 64.25 Td (or ) Tj ET Q q 0 0 0 rg BT 458.13 64.25 Td (more ) Tj ET Q q 0 0 0 rg BT 480.77 64.25 Td (expensive ) Tj ET Q q 0 0 0 rg BT 522.85 64.25 Td (for ) Tj ET Q q 0 0 0 rg BT 536.60 64.25 Td (a ) Tj ET Q q 0 0 0 rg BT 543.13 64.25 Td (third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.25 Td (party ) Tj ET Q q 0 0 0 rg BT 72.80 52.25 Td (to ) Tj ET Q q 0 0 0 rg BT 82.83 52.25 Td (acquire ) Tj ET Q q 0 0 0 rg BT 114.51 52.25 Td (us. ) Tj ET Q q 0 0 0 rg BT 128.15 52.25 Td (Upon ) Tj ET Q q 0 0 0 rg BT 152.62 52.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.09 52.25 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 213.20 52.25 Td (of ) Tj ET Q q 0 0 0 rg BT 223.78 52.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 253.24 52.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 303.25 52.25 Td (constituting ) Tj ET Q q 0 0 0 rg BT 352.73 52.25 Td (a ) Tj ET Q q 0 0 0 rg BT 359.42 52.25 Td (fundamental ) Tj ET Q q 0 0 0 rg BT 411.65 52.25 Td (change, ) Tj ET Q q 0 0 0 rg BT 444.72 52.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 476.41 52.25 Td (of ) Tj ET Q q 0 0 0 rg BT 486.99 52.25 Td (our ) Tj ET Q q 0 0 0 rg BT 502.57 52.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 527.59 52.25 Td (facilities ) Tj ET Q endstream endobj 61 0 obj <>] /Rotate 0 /Contents 62 0 R>> endobj 62 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.75 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 82.39 742.10 Td (other ) Tj ET Q q 0 0 0 rg BT 105.24 742.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 145.30 742.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 164.83 742.10 Td (will ) Tj ET Q q 0 0 0 rg BT 182.69 742.10 Td (have ) Tj ET Q q 0 0 0 rg BT 203.88 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.41 742.10 Td (right ) Tj ET Q q 0 0 0 rg BT 239.60 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 249.69 742.10 Td (require ) Tj ET Q q 0 0 0 rg BT 280.31 742.10 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 315.95 742.10 Td (Holding ) Tj ET Q q 0 0 0 rg BT 351.03 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 361.67 742.10 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 397.30 742.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 416.00 742.10 Td (gy) Tj ET Q q 0 0 0 rg BT 425.35 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 430.16 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 440.80 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.32 742.10 Td (case ) Tj ET Q q 0 0 0 rg BT 474.84 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 494.37 742.10 Td (be, ) Tj ET Q q 0 0 0 rg BT 508.61 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 518.70 742.10 Td (repurchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (their ) Tj ET Q q 0 0 0 rg BT 71.25 730.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 111.94 730.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 132.08 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 143.34 730.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 168.48 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.63 730.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 223.49 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 234.75 730.10 Td (applicable. ) Tj ET Q q 0 0 0 rg BT 281.26 730.10 Td (In ) Tj ET Q q 0 0 0 rg BT 292.52 730.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 330.73 730.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 375.33 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.59 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 402.85 730.10 Td (certificate ) Tj ET Q q 0 0 0 rg BT 445.74 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.00 730.10 Td (incorporation ) Tj ET Q q 0 0 0 rg BT 513.80 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 531.17 730.10 Td (bylaws, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (each ) Tj ET Q q 0 0 0 rg BT 70.05 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 80.12 718.10 Td (amended, ) Tj ET Q q 0 0 0 rg BT 120.45 718.10 Td (could ) Tj ET Q q 0 0 0 rg BT 144.41 718.10 Td (make ) Tj ET Q q 0 0 0 rg BT 167.80 718.10 Td (it ) Tj ET Q q 0 0 0 rg BT 175.09 718.10 Td (more ) Tj ET Q q 0 0 0 rg BT 197.38 718.10 Td (dif) Tj ET Q q 0 0 0 rg BT 208.30 718.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 231.14 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 244.54 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 250.72 718.10 Td (third ) Tj ET Q q 0 0 0 rg BT 271.34 718.10 Td (party ) Tj ET Q q 0 0 0 rg BT 293.63 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.14 718.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 334.30 718.10 Td (control ) Tj ET Q q 0 0 0 rg BT 364.37 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.43 718.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 387.56 718.10 Td (For ) Tj ET Q q 0 0 0 rg BT 403.19 718.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 441.30 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 456.37 718.10 Td (certificate ) Tj ET Q q 0 0 0 rg BT 498.07 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.14 718.10 Td (incorporation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (authorizes ) Tj ET Q q 0 0 0 rg BT 93.79 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 109.81 706.10 Td (board ) Tj ET Q q 0 0 0 rg BT 135.27 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.29 706.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 183.97 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.44 706.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 217.14 706.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 256.46 706.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 280.27 706.10 Td (without ) Tj ET Q q 0 0 0 rg BT 313.52 706.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 352.86 706.10 Td (any ) Tj ET Q q 0 0 0 rg BT 370.00 706.10 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 419.34 706.10 Td (approval, ) Tj ET Q q 0 0 0 rg BT 459.52 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.65 706.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 515.98 706.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 539.78 706.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.96 694.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 89.48 694.10 Td (as ) Tj ET Q q 0 0 0 rg BT 100.32 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 107.28 694.10 Td (defensive ) Tj ET Q q 0 0 0 rg BT 148.12 694.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 183.95 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.25 694.10 Td (response ) Tj ET Q q 0 0 0 rg BT 231.75 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 242.05 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 249.01 694.10 Td (takeover ) Tj ET Q q 0 0 0 rg BT 285.95 694.10 Td (proposal. ) Tj ET Q q 0 0 0 rg BT 324.85 694.10 Td (All ) Tj ET Q q 0 0 0 rg BT 340.15 694.10 Td (these ) Tj ET Q q 0 0 0 rg BT 363.21 694.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 407.40 694.10 Td (could ) Tj ET Q q 0 0 0 rg BT 432.14 694.10 Td (make ) Tj ET Q q 0 0 0 rg BT 456.31 694.10 Td (it ) Tj ET Q q 0 0 0 rg BT 464.39 694.10 Td (more ) Tj ET Q q 0 0 0 rg BT 487.45 694.10 Td (dif) Tj ET Q q 0 0 0 rg BT 498.38 694.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 522.00 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 536.18 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 543.14 694.10 Td (third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (party ) Tj ET Q q 0 0 0 rg BT 71.90 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.03 682.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 111.80 682.10 Td (us ) Tj ET Q q 0 0 0 rg BT 122.05 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 131.73 682.10 Td (discourage ) Tj ET Q q 0 0 0 rg BT 176.40 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 182.19 682.10 Td (third ) Tj ET Q q 0 0 0 rg BT 202.42 682.10 Td (party ) Tj ET Q q 0 0 0 rg BT 224.32 682.10 Td (from ) Tj ET Q q 0 0 0 rg BT 245.11 682.10 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 284.23 682.10 Td (us ) Tj ET Q q 0 0 0 rg BT 294.47 682.10 Td (even ) Tj ET Q q 0 0 0 rg BT 314.70 682.10 Td (if ) Tj ET Q q 0 0 0 rg BT 322.16 682.10 Td (an ) Tj ET Q q 0 0 0 rg BT 332.95 682.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 378.18 682.10 Td (might ) Tj ET Q q 0 0 0 rg BT 402.87 682.10 Td (be ) Tj ET Q q 0 0 0 rg BT 413.66 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 422.79 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.36 682.10 Td (best ) Tj ET Q q 0 0 0 rg BT 453.82 682.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 484.60 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.28 682.10 Td (our ) Tj ET Q q 0 0 0 rg BT 508.97 682.10 Td (stockholders.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (Item1B.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.66 661.10 Td (UNRESOL) Tj ET Q q 0 0 0 rg BT 135.46 661.10 Td (VED ST) Tj ET Q q 0 0 0 rg BT 169.64 661.10 Td (AFF) Tj ET Q q 0 0 0 rg BT 189.47 661.10 Td ( COMMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 643.10 Td (None. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (Item2.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 79.99 625.10 Td (PROPERTIES ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 607.10 Td (W) Tj ET Q q 0 0 0 rg BT 67.64 607.10 Td (e ) Tj ET Q q 0 0 0 rg BT 74.73 607.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 97.38 607.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 157.79 607.10 Td (250,000square ) Tj ET Q q 0 0 0 rg BT 221.55 607.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 239.19 607.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.18 607.10 Td (of) Tj ET Q q 0 0 0 rg BT 258.33 607.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 275.97 607.10 Td (space ) Tj ET Q q 0 0 0 rg BT 300.84 607.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 347.38 607.10 Td (North ) Tj ET Q q 0 0 0 rg BT 372.78 607.10 Td (America, ) Tj ET Q q 0 0 0 rg BT 412.36 607.10 Td (including ) Tj ET Q q 0 0 0 rg BT 452.80 607.10 Td (104,000 ) Tj ET Q q 0 0 0 rg BT 487.95 607.10 Td (square ) Tj ET Q q 0 0 0 rg BT 516.71 607.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 534.35 607.10 Td (for ) Tj ET Q q 0 0 0 rg BT 548.67 607.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.10 Td (headquarters ) Tj ET Q q 0 0 0 rg BT 104.02 595.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.72 595.10 Td (Morristown, ) Tj ET Q q 0 0 0 rg BT 167.38 595.10 Td (New ) Tj ET Q q 0 0 0 rg BT 189.19 595.10 Td (Jersey) Tj ET Q q 0 0 0 rg BT 213.53 595.10 Td (. ) Tj ET Q q 0 0 0 rg BT 218.96 595.10 Td (In ) Tj ET Q q 0 0 0 rg BT 230.22 595.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 268.43 595.10 Td (we ) Tj ET Q q 0 0 0 rg BT 283.02 595.10 Td (own ) Tj ET Q q 0 0 0 rg BT 303.17 595.10 Td (83acres ) Tj ET Q q 0 0 0 rg BT 339.14 595.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.40 595.10 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 404.43 595.10 Td (land ) Tj ET Q q 0 0 0 rg BT 424.57 595.10 Td (in ) Tj ET Q q 0 0 0 rg BT 435.28 595.10 Td (California. ) Tj ET Q q 0 0 0 rg BT 480.61 595.10 Td (As ) Tj ET Q q 0 0 0 rg BT 494.65 595.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.92 595.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 583.10 Td (, ) Tj ET Q q 0 0 0 rg BT 75.73 583.10 Td (we ) Tj ET Q q 0 0 0 rg BT 90.62 583.10 Td (owned, ) Tj ET Q q 0 0 0 rg BT 123.01 583.10 Td (had ) Tj ET Q q 0 0 0 rg BT 140.67 583.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 168.90 583.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 219.90 583.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.91 583.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 259.68 583.10 Td (operated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.34 583.10 Td (83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.34 583.10 Td ( ) Tj ET Q q 0 0 0 rg BT 310.57 583.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 348.22 583.10 Td (in ) Tj ET Q q 0 0 0 rg BT 359.23 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.68 583.10 Td (North ) Tj ET Q q 0 0 0 rg BT 400.52 583.10 Td (America ) Tj ET Q q 0 0 0 rg BT 438.18 583.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 474.73 583.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 518.52 583.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.08 583.10 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.08 583.10 Td ( ) Tj ET Q q 0 0 0 rg BT 543.30 583.10 Td (EfW) Tj ET Q q 0 0 0 rg BT 562.00 583.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.10 Td (operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.69 571.10 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.69 571.10 Td ( ) Tj ET Q q 0 0 0 rg BT 102.22 571.10 Td (landfills ) Tj ET Q q 0 0 0 rg BT 136.52 571.10 Td (\(primarily ) Tj ET Q q 0 0 0 rg BT 178.59 571.10 Td (for ) Tj ET Q q 0 0 0 rg BT 191.78 571.10 Td (ash ) Tj ET Q q 0 0 0 rg BT 206.65 571.10 Td (disposal\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.78 571.10 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.78 571.10 Td ( ) Tj ET Q q 0 0 0 rg BT 258.32 571.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 290.38 571.10 Td (stations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.97 571.10 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.97 571.10 Td ( ) Tj ET Q q 0 0 0 rg BT 336.50 571.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 395.79 571.10 Td (services ) Tj ET Q q 0 0 0 rg BT 429.53 571.10 Td (facilities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.99 571.10 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.99 571.10 Td ( ) Tj ET Q q 0 0 0 rg BT 474.52 571.10 Td (wood ) Tj ET Q q 0 0 0 rg BT 498.27 571.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 522.57 571.10 Td (\(biomass\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.10 Td (ener) Tj ET Q q 0 0 0 rg BT 67.03 559.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 78.64 559.10 Td (projects, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.40 559.10 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.40 559.10 Td ( ) Tj ET Q q 0 0 0 rg BT 121.02 559.10 Td (water ) Tj ET Q q 0 0 0 rg BT 144.83 559.10 Td (\(hydroelectric\) ) Tj ET Q q 0 0 0 rg BT 205.85 559.10 Td (ener) Tj ET Q q 0 0 0 rg BT 222.88 559.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 234.49 559.10 Td (projects, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.26 559.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.70 559.10 Td ( ) Tj ET Q q 0 0 0 rg BT 286.31 559.10 Td (landfill ) Tj ET Q q 0 0 0 rg BT 316.80 559.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 331.74 559.10 Td (project ) Tj ET Q q 0 0 0 rg BT 361.12 559.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.17 559.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.61 559.10 Td ( ) Tj ET Q q 0 0 0 rg BT 393.22 559.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 427.59 559.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 455.31 559.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 494.12 559.10 Td (facility) Tj ET Q q 0 0 0 rg BT 521.79 559.10 Td (. ) Tj ET Q q 0 0 0 rg BT 525.90 559.10 Td (Principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 84.38 547.10 Td (are ) Tj ET Q q 0 0 0 rg BT 99.31 547.10 Td (described ) Tj ET Q q 0 0 0 rg BT 140.34 547.10 Td (above ) Tj ET Q q 0 0 0 rg BT 166.94 547.10 Td (under ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 192.43 547.10 Td (Item1. ) Tj ET Q q 0 0 0 rg BT 222.92 547.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 272.04 547.10 Td (North ) Tj ET Q q 0 0 0 rg BT 297.90 547.10 Td (America ) Tj ET Q q 0 0 0 rg BT 334.50 547.10 Td (Segment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.38 547.10 Td (. ) Tj ET Q q 0 0 0 rg BT 373.60 547.10 Td (Projects ) Tj ET Q q 0 0 0 rg BT 408.54 547.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.04 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.98 547.10 Td (North ) Tj ET Q q 0 0 0 rg BT 459.43 547.10 Td (America ) Tj ET Q q 0 0 0 rg BT 496.58 547.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 532.63 547.10 Td (that ) Tj ET Q q 0 0 0 rg BT 550.34 547.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.10 Td (own ) Tj ET Q q 0 0 0 rg BT 69.00 535.10 Td (or ) Tj ET Q q 0 0 0 rg BT 79.10 535.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 100.86 535.10 Td (are ) Tj ET Q q 0 0 0 rg BT 114.84 535.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 157.71 535.10 Td (at ) Tj ET Q q 0 0 0 rg BT 166.70 535.10 Td (properties, ) Tj ET Q q 0 0 0 rg BT 210.96 535.10 Td (which ) Tj ET Q q 0 0 0 rg BT 237.17 535.10 Td (we ) Tj ET Q q 0 0 0 rg BT 250.60 535.10 Td (also ) Tj ET Q q 0 0 0 rg BT 268.49 535.10 Td (own ) Tj ET Q q 0 0 0 rg BT 287.48 535.10 Td (or ) Tj ET Q q 0 0 0 rg BT 297.59 535.10 Td (lease, ) Tj ET Q q 0 0 0 rg BT 321.85 535.10 Td (aggregating ) Tj ET Q q 0 0 0 rg BT 370.82 535.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 430.35 535.10 Td (1,712acres, ) Tj ET Q q 0 0 0 rg BT 480.17 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.27 535.10 Td (which ) Tj ET Q q 0 0 0 rg BT 516.48 535.10 Td (1,393acres ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.71 523.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 93.87 523.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.81 523.10 Td (319 ) Tj ET Q q 0 0 0 rg BT 128.31 523.10 Td (acres ) Tj ET Q q 0 0 0 rg BT 151.34 523.10 Td (are ) Tj ET Q q 0 0 0 rg BT 166.05 523.10 Td (leased.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 505.10 Td (W) Tj ET Q q 0 0 0 rg BT 67.64 505.10 Td (e ) Tj ET Q q 0 0 0 rg BT 74.95 505.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 107.25 505.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 141.78 505.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 173.54 505.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.74 505.10 Td (our ) Tj ET Q q 0 0 0 rg BT 200.94 505.10 Td (North ) Tj ET Q q 0 0 0 rg BT 226.51 505.10 Td (America ) Tj ET Q q 0 0 0 rg BT 263.81 505.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 300.01 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.32 505.10 Td (have ) Tj ET Q q 0 0 0 rg BT 339.07 505.10 Td (of) Tj ET Q q 0 0 0 rg BT 347.22 505.10 Td (fices ) Tj ET Q q 0 0 0 rg BT 368.97 505.10 Td (located ) Tj ET Q q 0 0 0 rg BT 400.72 505.10 Td (in ) Tj ET Q q 0 0 0 rg BT 411.37 505.10 Td (Dublin, ) Tj ET Q q 0 0 0 rg BT 444.52 505.10 Td (Ireland ) Tj ET Q q 0 0 0 rg BT 475.71 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 493.02 505.10 Td (Shanghai, ) Tj ET Q q 0 0 0 rg BT 535.61 505.10 Td (China, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (where ) Tj ET Q q 0 0 0 rg BT 76.66 493.10 Td (we ) Tj ET Q q 0 0 0 rg BT 90.54 493.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 112.76 493.10 Td (of) Tj ET Q q 0 0 0 rg BT 120.91 493.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 138.12 493.10 Td (space ) Tj ET Q q 0 0 0 rg BT 162.56 493.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.11 493.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 233.10 493.10 Td (6,180square ) Tj ET Q q 0 0 0 rg BT 286.43 493.10 Td (feet. ) Tj ET Q q 0 0 0 rg BT 305.65 493.10 Td (As ) Tj ET Q q 0 0 0 rg BT 318.99 493.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.55 493.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 387.86 493.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.86 493.10 Td (, ) Tj ET Q q 0 0 0 rg BT 412.59 493.10 Td (we ) Tj ET Q q 0 0 0 rg BT 426.48 493.10 Td (are ) Tj ET Q q 0 0 0 rg BT 440.91 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.36 493.10 Td (part ) Tj ET Q q 0 0 0 rg BT 473.13 493.10 Td (owner/operator ) Tj ET Q q 0 0 0 rg BT 536.44 493.10 Td (of ) Tj ET Q q 0 0 0 rg BT 547.00 493.10 Td (two ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (international ) Tj ET Q q 0 0 0 rg BT 103.39 481.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 137.90 481.10 Td (with ) Tj ET Q q 0 0 0 rg BT 158.53 481.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 203.60 481.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 247.55 481.10 Td (at ) Tj ET Q q 0 0 0 rg BT 257.62 481.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 300.46 481.10 Td (that ) Tj ET Q q 0 0 0 rg BT 318.31 481.10 Td (are ) Tj ET Q q 0 0 0 rg BT 333.37 481.10 Td (either ) Tj ET Q q 0 0 0 rg BT 358.98 481.10 Td (leased ) Tj ET Q q 0 0 0 rg BT 386.82 481.10 Td (or ) Tj ET Q q 0 0 0 rg BT 398.01 481.10 Td (have ) Tj ET Q q 0 0 0 rg BT 419.74 481.10 Td (land ) Tj ET Q q 0 0 0 rg BT 439.81 481.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 465.44 481.10 Td (aggregating ) Tj ET Q q 0 0 0 rg BT 515.49 481.10 Td (to ) Tj ET Q q 0 0 0 rg BT 526.12 481.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 538.98 481.10 Td (acres. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (Principal ) Tj ET Q q 0 0 0 rg BT 88.60 469.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 122.76 469.10 Td (are ) Tj ET Q q 0 0 0 rg BT 137.47 469.10 Td (described ) Tj ET Q q 0 0 0 rg BT 178.28 469.10 Td (above ) Tj ET Q q 0 0 0 rg BT 204.66 469.10 Td (under ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 229.93 469.10 Td (Item1. ) Tj ET Q q 0 0 0 rg BT 260.20 469.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 309.09 469.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 334.92 469.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 344.55 469.10 Td (ojects) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.87 469.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (Item3.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 79.99 445.10 Td (LEGAL) Tj ET Q q 0 0 0 rg BT 114.90 445.10 Td ( PROCEEDINGS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 427.10 Td (For ) Tj ET Q q 0 0 0 rg BT 78.69 427.10 Td (information ) Tj ET Q q 0 0 0 rg BT 131.71 427.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 175.83 427.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 201.06 427.10 Td (proceedings, ) Tj ET Q q 0 0 0 rg BT 257.68 427.10 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 276.25 427.10 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 309.82 427.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 354.51 427.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 403.22 427.10 Td (And ) Tj ET Q q 0 0 0 rg BT 425.13 427.10 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 490.92 427.10 Td (Data ) Tj ET Q q 0 0 0 rg BT 528.11 427.10 Td (Note18. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 107.50 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 125.00 415.10 Td (Contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.21 415.10 Td (, ) Tj ET Q q 0 0 0 rg BT 187.21 415.10 Td (which ) Tj ET Q q 0 0 0 rg BT 214.15 415.10 Td (information ) Tj ET Q q 0 0 0 rg BT 263.86 415.10 Td (is ) Tj ET Q q 0 0 0 rg BT 273.03 415.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 326.06 415.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 353.55 415.10 Td (by ) Tj ET Q q 0 0 0 rg BT 366.05 415.10 Td (reference.) 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500.5 599.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 599.75 m 562.5 599.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 623.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 279.00 623.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.50 623.83 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 604.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.55 603.98 Td (High) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 279.90 603.98 Td (Low) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.90 611.83 Td (Dividend) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.20 603.83 Td (Declar) Tj ET Q q 0 0 0 rg BT 355.71 603.83 Td (ed) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.55 603.98 Td (High) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.90 603.98 Td (Low) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.40 611.83 Td (Dividend) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.70 603.83 Td (Declar) Tj ET Q q 0 0 0 rg BT 540.21 603.83 Td (ed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 590.32 Td (First Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.00 590.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.15 590.32 Td (17.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.00 590.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.15 590.32 Td (12.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.00 590.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 590.32 Td (0.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.00 590.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 590.32 Td (23.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 590.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 590.32 Td (19.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 590.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 590.32 Td (0.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 576.32 Td (Second Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.00 576.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.15 576.32 Td (17.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.00 576.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.15 576.32 Td (15.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.00 576.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 576.32 Td (0.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.00 576.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 576.32 Td (22.85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 576.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 576.32 Td (19.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 576.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 576.32 Td (0.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 562.32 Td (Third Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.00 562.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.15 562.32 Td (17.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.00 562.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.15 562.32 Td (14.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.00 562.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 562.32 Td (0.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.00 562.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 562.32 Td (21.80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 562.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 562.32 Td (17.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 562.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 562.32 Td (0.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 548.32 Td (Fourth Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.00 548.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.15 548.32 Td (15.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.00 548.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.15 548.32 Td (13.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.00 548.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 548.32 Td (0.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.00 548.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 548.32 Td (18.36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 548.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 548.32 Td (13.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 548.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 548.32 Td (0.25) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 526.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 90.55 526.25 Td (current ) Tj ET Q q 0 0 0 rg BT 120.92 526.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 160.74 526.25 Td (arrangements, ) Tj ET Q q 0 0 0 rg BT 219.16 526.25 Td (there ) Tj ET Q q 0 0 0 rg BT 241.21 526.25 Td (are ) Tj ET Q q 0 0 0 rg BT 255.47 526.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 301.96 526.25 Td (on ) Tj ET Q q 0 0 0 rg BT 314.02 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 328.30 526.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 355.91 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 366.30 526.25 Td (our ) Tj ET Q q 0 0 0 rg BT 381.68 526.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 430.96 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 440.79 526.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 473.39 526.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 497.67 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 507.51 526.25 Td (us ) Tj ET Q q 0 0 0 rg BT 518.46 526.25 Td (in ) Tj ET Q q 0 0 0 rg BT 528.29 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 542.57 526.25 Td (form ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.75 514.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 80.94 514.25 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 124.74 514.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 148.27 514.25 Td (or ) Tj ET Q q 0 0 0 rg BT 159.02 514.25 Td (advances ) Tj ET Q q 0 0 0 rg BT 198.08 514.25 Td (that ) Tj ET Q q 0 0 0 rg BT 215.49 514.25 Td (could ) Tj ET Q q 0 0 0 rg BT 240.13 514.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 261.44 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.07 514.25 Td (future ) Tj ET Q q 0 0 0 rg BT 302.37 514.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 339.22 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 349.97 514.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 391.28 514.25 Td (on ) Tj ET Q q 0 0 0 rg BT 403.69 514.25 Td (our ) Tj ET Q q 0 0 0 rg BT 419.44 514.25 Td (common ) Tj ET Q q 0 0 0 rg BT 456.86 514.25 Td (stock. ) Tj ET Q q 0 0 0 rg BT 482.88 514.25 Td (However) Tj ET Q q 0 0 0 rg BT 519.13 514.25 Td (, ) Tj ET Q q 0 0 0 rg BT 524.05 514.25 Td (given ) Tj ET Q q 0 0 0 rg BT 548.69 514.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (strong ) Tj ET Q q 0 0 0 rg BT 77.49 502.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 97.75 502.25 Td (generation, ) Tj ET Q q 0 0 0 rg BT 144.94 502.25 Td (we ) Tj ET Q q 0 0 0 rg BT 159.09 502.25 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 200.44 502.25 Td (returning ) Tj ET Q q 0 0 0 rg BT 239.59 502.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 282.07 502.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 311.21 502.25 Td (to ) Tj ET Q q 0 0 0 rg BT 321.48 502.25 Td (our ) Tj ET Q q 0 0 0 rg BT 337.29 502.25 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 392.82 502.25 Td (See ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 409.75 502.25 Td (Item7. ) Tj ET Q q 0 0 0 rg BT 440.01 502.25 Td (Management) Tj ET Q q 0 0 0 rg BT 494.25 502.25 Td (s ) Tj ET Q q 0 0 0 rg BT 500.64 502.25 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 547.02 502.25 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 86.36 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 96.62 490.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 137.97 490.25 Td (Condition ) Tj ET Q q 0 0 0 rg BT 180.45 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 197.93 490.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 229.29 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 239.55 490.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 298.41 490.25 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 337.00 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 354.48 490.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 386.96 490.25 Td (Resour) Tj ET Q q 0 0 0 rg BT 414.92 490.25 Td (ces) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.69 490.25 Td ( ) Tj ET Q q 0 0 0 rg BT 430.16 490.25 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 447.08 490.25 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 477.32 490.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 518.68 490.25 Td (Statements ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.56 478.25 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 130.11 478.25 Td (Data ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 164.06 478.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 185.50 478.25 Td (5.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 193.00 478.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 195.56 478.25 Td (Equity ) Tj ET Q q 0 0 0 rg BT 224.23 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 241.79 478.25 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 281.02 478.25 Td (Per ) Tj ET Q q 0 0 0 rg BT 298.02 478.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 316.54 478.25 Td (e ) Tj ET Q q 0 0 0 rg BT 323.54 478.25 Td (\("EPS"\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.81 478.25 Td ( ) Tj ET Q q 0 0 0 rg BT 358.37 478.25 Td (for ) Tj ET Q q 0 0 0 rg BT 372.59 478.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 415.14 478.25 Td (information ) Tj ET Q q 0 0 0 rg BT 464.91 478.25 Td (on ) Tj ET Q q 0 0 0 rg BT 477.47 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.25 478.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 539.24 478.25 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (our ) Tj ET Q q 0 0 0 rg BT 66.97 466.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 108.38 466.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 165.88 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 183.96 466.25 Td (our ) Tj ET Q q 0 0 0 rg BT 200.93 466.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 239.57 466.25 Td (payments. ) Tj ET Q q 0 0 0 rg BT 284.04 466.25 Td (See ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 302.12 466.25 Td (Item12. ) Tj ET Q q 0 0 0 rg BT 338.53 466.25 Td (Security ) Tj ET Q q 0 0 0 rg BT 374.93 466.25 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 422.46 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 433.88 466.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 468.08 466.25 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 512.26 466.25 Td (Owners ) Tj ET Q q 0 0 0 rg BT 547.02 466.25 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 104.71 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 122.21 454.25 Td (Related ) Tj ET Q q 0 0 0 rg BT 155.25 454.25 Td (Stockholder ) Tj ET Q q 0 0 0 rg BT 205.51 454.25 Td (Matters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.62 454.25 Td ( ) Tj ET Q q 0 0 0 rg BT 239.12 454.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 279.94 454.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 320.20 454.25 Td (authorized ) Tj ET Q q 0 0 0 rg BT 364.90 454.25 Td (for ) Tj ET Q q 0 0 0 rg BT 379.06 454.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 415.44 454.25 Td (under ) Tj ET Q q 0 0 0 rg BT 440.71 454.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 468.20 454.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 526.25 454.25 Td (plans.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (Share ) Tj ET Q q 0 0 0 rg BT 76.95 436.25 Td (Repurchases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 418.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 87.38 418.25 Td (our ) Tj ET Q q 0 0 0 rg BT 104.10 418.25 Td (share ) Tj ET Q q 0 0 0 rg BT 128.59 418.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 175.29 418.25 Td (program, ) Tj ET Q q 0 0 0 rg BT 215.05 418.25 Td (common ) Tj ET Q q 0 0 0 rg BT 253.44 418.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 277.94 418.25 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 328.52 418.25 Td (may ) Tj ET Q q 0 0 0 rg BT 349.13 418.25 Td (be ) Tj ET Q q 0 0 0 rg BT 361.96 418.25 Td (made ) Tj ET Q q 0 0 0 rg BT 387.00 418.25 Td (in ) Tj ET Q q 0 0 0 rg BT 398.17 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 413.78 418.25 Td (open ) Tj ET Q q 0 0 0 rg BT 436.61 418.25 Td (market, ) Tj ET Q q 0 0 0 rg BT 470.26 418.25 Td (in ) Tj ET Q q 0 0 0 rg BT 481.43 418.25 Td (privately ) Tj ET Q q 0 0 0 rg BT 520.36 418.25 Td (negotiated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 100.34 406.25 Td (from ) Tj ET Q q 0 0 0 rg BT 122.36 406.25 Td (time ) Tj ET Q q 0 0 0 rg BT 142.71 406.25 Td (to ) Tj ET Q q 0 0 0 rg BT 153.07 406.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 175.93 406.25 Td (or ) Tj ET Q q 0 0 0 rg BT 186.83 406.25 Td (by ) Tj ET Q q 0 0 0 rg BT 199.41 406.25 Td (other ) Tj ET Q q 0 0 0 rg BT 222.54 406.25 Td (available ) Tj ET Q q 0 0 0 rg BT 261.21 406.25 Td (methods, ) Tj ET Q q 0 0 0 rg BT 300.18 406.25 Td (at ) Tj ET Q q 0 0 0 rg BT 309.97 406.25 Td (management) Tj ET Q q 0 0 0 rg BT 363.84 406.25 Td (s ) Tj ET Q q 0 0 0 rg BT 370.31 406.25 Td (discretion ) Tj ET Q q 0 0 0 rg BT 412.32 406.25 Td (in ) Tj ET Q q 0 0 0 rg BT 422.68 406.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 470.22 406.25 Td (with ) Tj ET Q q 0 0 0 rg BT 490.58 406.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 534.25 406.25 Td (federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 89.45 394.25 Td (laws. ) Tj ET Q q 0 0 0 rg BT 111.84 394.25 Td (The ) Tj ET Q q 0 0 0 rg BT 129.07 394.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 156.87 394.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.99 394.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 208.56 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 218.58 394.25 Td (any ) Tj ET Q q 0 0 0 rg BT 234.70 394.25 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 283.58 394.25 Td (will ) Tj ET Q q 0 0 0 rg BT 300.83 394.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 331.39 394.25 Td (on ) Tj ET Q q 0 0 0 rg BT 343.07 394.25 Td (many ) Tj ET Q q 0 0 0 rg BT 366.97 394.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 398.36 394.25 Td (including ) Tj ET Q q 0 0 0 rg BT 437.82 394.25 Td (our ) Tj ET Q q 0 0 0 rg BT 452.84 394.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 481.17 394.25 Td (structure, ) Tj ET Q q 0 0 0 rg BT 520.34 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 534.24 394.25 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (price ) Tj ET Q q 0 0 0 rg BT 72.77 382.25 Td (of ) Tj ET Q q 0 0 0 rg BT 83.89 382.25 Td (our ) Tj ET Q q 0 0 0 rg BT 100.01 382.25 Td (common ) Tj ET Q q 0 0 0 rg BT 137.79 382.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 161.69 382.25 Td (and ) Tj ET Q q 0 0 0 rg BT 178.92 382.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 209.47 382.25 Td (market ) Tj ET Q q 0 0 0 rg BT 240.02 382.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 286.97 382.25 Td (and ) Tj ET Q q 0 0 0 rg BT 304.20 382.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 339.19 382.25 Td (any ) Tj ET Q q 0 0 0 rg BT 356.42 382.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 403.64 382.25 Td (then ) Tj ET Q q 0 0 0 rg BT 423.65 382.25 Td (exist ) Tj ET Q q 0 0 0 rg BT 445.32 382.25 Td (under ) Tj ET Q q 0 0 0 rg BT 470.88 382.25 Td (our ) Tj ET Q q 0 0 0 rg BT 487.00 382.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 520.89 382.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 554.22 382.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 80.54 370.25 Td (in ) Tj ET Q q 0 0 0 rg BT 90.54 370.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 138.84 370.25 Td (with ) Tj ET Q q 0 0 0 rg BT 158.83 370.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 198.81 370.25 Td (laws. ) Tj ET Q q 0 0 0 rg BT 221.37 370.25 Td (As ) Tj ET Q q 0 0 0 rg BT 234.70 370.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.25 370.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 303.54 370.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.54 370.25 Td (, ) Tj ET Q q 0 0 0 rg BT 328.26 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 342.69 370.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 374.90 370.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 417.66 370.25 Td (under ) Tj ET Q q 0 0 0 rg BT 442.65 370.25 Td (our ) Tj ET Q q 0 0 0 rg BT 458.19 370.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 496.50 370.25 Td (authorized ) Tj ET Q q 0 0 0 rg BT 540.92 370.25 Td (share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 95.81 358.25 Td (program ) Tj ET Q q 0 0 0 rg BT 132.18 358.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.23 358.25 Td ($66 ) Tj ET Q q 0 0 0 rg BT 167.73 358.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.63 358.25 Td (.) Tj ET Q endstream endobj 65 0 obj <>] /Rotate 0 /Contents 66 0 R>> endobj 66 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (32) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 106.38 742.25 Td (Measurement ) Tj ET Q q 0 0 0 rg BT 165.55 742.25 Td (Comparison) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 724.25 Td (The ) Tj ET Q q 0 0 0 rg BT 77.19 724.25 Td (following ) Tj ET Q q 0 0 0 rg BT 118.71 724.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 171.87 724.25 Td (graph ) Tj ET Q q 0 0 0 rg BT 197.28 724.25 Td (sets ) Tj ET Q q 0 0 0 rg BT 214.92 724.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 236.99 724.25 Td (a ) Tj ET Q q 0 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ET Q q 0 0 0 rg BT 248.45 664.25 Td (2016.) Tj ET Q /GS0 gs q 512.00 0 0 272.00 54.50 381.25 cm /I19 Do Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 363.25 Td (The ) Tj ET Q q 0 0 0 rg BT 77.05 363.25 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 126.20 363.25 Td (return ) Tj ET Q q 0 0 0 rg BT 152.58 363.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 190.05 363.25 Td (above ) Tj ET Q q 0 0 0 rg BT 216.43 363.25 Td (is ) Tj ET Q q 0 0 0 rg BT 225.60 363.25 Td (not ) Tj ET Q q 0 0 0 rg BT 240.88 363.25 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 287.80 363.25 Td (indicative ) Tj ET Q q 0 0 0 rg BT 329.73 363.25 Td (of ) Tj ET Q q 0 0 0 rg BT 340.56 363.25 Td (future ) Tj ET Q q 0 0 0 rg BT 366.93 363.25 Td (performance.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 347.65 Td (* ) Tj ET Q q 0 0 0 rg BT 55.86 347.65 Td (The Standard and Poor) Tj ET Q q 0 0 0 rg BT 129.69 347.65 Td () Tj ET Q q 0 0 0 rg BT 131.91 347.65 Td (s Midcap 400 Index is a capitalization-weighted index designed to measure performance of the broad domestic economy through ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 338.05 Td (changes in the aggregate market value of the component stocks representing all major industries. Copyright 2017 Standard and Poor) Tj ET Q q 0 0 0 rg BT 473.52 338.05 Td () Tj ET Q q 0 0 0 rg BT 475.74 338.05 Td (s, Inc. ) Tj ET Q q 0 0 0 rg BT 496.63 338.05 Td (All Rights ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 328.45 Td (Reserved. Used with permission.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 309.25 Td (** ) Tj ET Q q 0 0 0 rg BT 59.86 309.25 Td (The Dow Jones US ) Tj ET Q q 0 0 0 rg BT 123.71 309.25 Td (W) Tj ET Q q 0 0 0 rg BT 130.62 309.25 Td (aste & Disposal Services Index and the Dow Jones US Conventional Electricity Index are maintained by Dow Jones & Company) Tj ET Q q 0 0 0 rg BT 543.57 309.25 Td (, Inc. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 299.65 Td (As described by Dow Jones, the Dow Jones US ) Tj ET Q q 0 0 0 rg BT 204.06 299.65 Td (W) Tj ET Q q 0 0 0 rg BT 210.97 299.65 Td (aste & Services Index consists of providers of pollution control and environmental services for the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 290.05 Td (management, recovery and disposal of solid and hazardous waste materials, such as landfills and recycling centers. ) Tj ET Q q 0 0 0 rg BT 419.73 290.05 Td (The Dow Jones US Conventional ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 280.45 Td (Electricity Index consists of companies generating and distributing electricity through the burning of fossil fuels such as coal, petroleum and natural gas, and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 270.85 Td (through nuclear ener) Tj ET Q q 0 0 0 rg BT 116.05 270.85 Td (gy) Tj ET Q q 0 0 0 rg BT 123.53 270.85 Td (. Copyright 2017 Dow Jones & Company) Tj ET Q q 0 0 0 rg BT 256.12 270.85 Td (. ) Tj ET Q q 0 0 0 rg BT 259.68 270.85 Td (All Rights Reserved. Used with permission.) Tj ET Q endstream endobj 67 0 obj <>] /Rotate 0 /Contents 68 0 R>> endobj 68 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (33) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item6.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.99 742.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 82.49 742.25 Td (SELECTED ) Tj ET Q q 0 0 0 rg BT 136.67 742.25 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 191.31 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 193.81 742.25 Td (DA) Tj ET Q q 0 0 0 rg BT 207.15 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 212.71 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 218.83 742.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 727.25 Td (The ) Tj ET Q q 0 0 0 rg BT 77.16 727.25 Td (selected ) Tj ET Q q 0 0 0 rg BT 111.98 727.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 149.57 727.25 Td (information ) Tj ET Q q 0 0 0 rg BT 199.40 727.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 240.33 727.25 Td (below ) Tj ET Q q 0 0 0 rg BT 267.38 727.25 Td (should ) Tj ET Q q 0 0 0 rg BT 296.67 727.25 Td (be ) Tj ET Q q 0 0 0 rg BT 308.72 727.25 Td (read ) Tj ET Q q 0 0 0 rg BT 328.54 727.25 Td (in ) Tj ET Q q 0 0 0 rg BT 338.94 727.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 388.76 727.25 Td (with ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 409.16 727.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 429.54 727.25 Td (7. ) Tj ET Q q 0 0 0 rg BT 439.65 727.25 Td (Management's ) Tj ET Q q 0 0 0 rg BT 500.51 727.25 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 547.01 727.25 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 715.25 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 86.39 715.25 Td (of ) Tj ET Q q 0 0 0 rg BT 96.67 715.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 138.05 715.25 Td (Condition ) Tj ET Q q 0 0 0 rg BT 180.55 715.25 Td (and ) Tj ET Q q 0 0 0 rg BT 198.05 715.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 229.44 715.25 Td (of ) Tj ET Q q 0 0 0 rg BT 239.72 715.25 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.72 715.25 Td ( ) Tj ET Q q 0 0 0 rg BT 287.22 715.25 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 304.16 715.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 324.42 715.25 Td (8. ) Tj ET Q q 0 0 0 rg BT 334.42 715.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 375.81 715.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 421.63 715.25 Td (and ) Tj ET Q q 0 0 0 rg BT 439.13 715.25 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 501.62 715.25 Td (Data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.62 715.25 Td (.) 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/GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 443.75 192.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 443.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 443.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 443.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 443.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 443.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 443.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 443.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 443.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 443.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 443.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 404.75 192.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 404.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 404.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 404.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 404.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 404.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 404.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 404.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 404.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 404.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 404.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 376.75 192.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 376.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 376.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 376.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 376.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 376.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 376.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 376.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 376.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 376.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 376.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 355.75 192.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 355.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 355.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 355.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 355.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 355.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 355.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 355.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 355.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 355.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 355.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 304.75 192.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 304.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 304.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 304.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 304.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 304.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 304.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 304.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 304.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 304.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 304.75 60.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 692.75 m 306.5 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 692.75 m 310.5 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 692.75 m 370.5 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 692.75 m 374.5 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 692.75 m 434.5 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 692.75 m 438.5 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 692.75 m 498.5 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 692.75 m 502.5 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 692.75 m 562.5 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 692.75 m 306.5 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 680.75 m 306.5 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 692.75 m 370.5 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 680.75 m 370.5 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 692.75 m 434.5 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 680.75 m 434.5 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 692.75 m 498.5 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 680.75 m 498.5 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 692.75 m 562.5 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 680.75 m 562.5 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 443.75 m 306.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 443.75 m 370.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 443.75 m 434.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 443.75 m 498.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 443.75 m 562.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 430.75 m 306.5 430.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 428.75 m 306.5 428.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 430.75 m 310.5 430.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 428.75 m 310.5 428.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 430.75 m 370.5 430.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 428.75 m 370.5 428.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 430.75 m 434.5 430.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 428.75 m 434.5 428.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 430.75 m 498.5 430.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 428.75 m 498.5 428.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 430.75 m 562.5 430.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 428.75 m 562.5 428.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 376.75 m 306.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 376.75 m 370.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 376.75 m 434.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 376.75 m 498.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 376.75 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 246.5 363.75 m 306.5 363.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 361.75 m 306.5 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 363.75 m 310.5 363.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 361.75 m 310.5 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 363.75 m 370.5 363.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 361.75 m 370.5 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 363.75 m 434.5 363.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 361.75 m 434.5 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 363.75 m 498.5 363.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 361.75 m 498.5 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 363.75 m 562.5 363.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 361.75 m 562.5 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 342.75 m 306.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 340.75 m 306.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 342.75 m 370.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 340.75 m 370.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 342.75 m 434.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 340.75 m 434.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 342.75 m 498.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 340.75 m 498.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 342.75 m 562.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 340.75 m 562.5 340.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 696.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.75 696.83 Td (For the Years Ended December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 684.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.00 684.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.00 684.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.00 684.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.00 684.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.00 684.83 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 672.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.45 672.83 Td (\(In millions, except per share amounts\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 659.48 Td (Statements of Operations Data:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 646.32 Td (Operating revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 646.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 646.32 Td (1,699) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 646.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 646.32 Td (1,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 646.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 646.32 Td (1,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 646.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 646.32 Td (1,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 646.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 646.32 Td (1,643) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 632.32 Td (Operating expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 632.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 632.32 Td (1,590) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 632.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 632.32 Td (1,536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 632.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 632.32 Td (1,528) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 632.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 632.32 Td (1,395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 632.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 632.32 Td (1,339) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 618.32 Td (Operating income ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 127.42 622.85 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 618.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 618.32 Td (109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 618.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 618.32 Td (109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 618.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 618.32 Td (154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 618.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 618.32 Td (235) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 618.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 618.32 Td (304) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 604.32 Td (\(Loss\) income from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 603.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.30 603.42 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 603.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 603.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 603.42 Td (69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 603.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.30 603.47 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 603.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 603.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 603.42 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 603.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 603.42 Td (138) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 589.32 Td (Loss from discontinued operations, net of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 579.32 Td (taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 578.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.65 578.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 578.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 578.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 578.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 578.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 578.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 578.47 Td (\(52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 578.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 578.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 578.47 Td (\(20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 578.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 564.32 Td (Net \(loss\) income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 564.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.30 564.32 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 564.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 564.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 564.32 Td (69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 564.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.30 564.37 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 564.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 564.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 564.37 Td (\(10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 564.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 564.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 564.32 Td (118) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 550.32 Td (Net \(loss\) income attributable to Covanta) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 540.32 Td (Holding Corporation stockholders:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 525.32 Td (Continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 525.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.30 525.32 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 525.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 525.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 525.32 Td (68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 525.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.30 525.37 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 525.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 525.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 525.32 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 525.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 525.32 Td (136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 511.32 Td (Discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 510.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.65 510.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 510.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 510.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 510.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 510.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 510.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 510.47 Td (\(52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 510.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 510.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 510.47 Td (\(20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 510.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 487.32 Td (Basic \(Loss\) Earnings per share attributable to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 477.32 Td (Covanta Holding Corporation:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 462.32 Td (Continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 462.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.80 462.32 Td (\(0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 462.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 462.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 462.32 Td (0.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 462.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 462.37 Td (\(0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 462.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 462.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 462.32 Td (0.33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 462.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 462.32 Td (1.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 448.32 Td (Discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.65 448.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 448.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 448.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 448.37 Td (\(0.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 448.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 448.37 Td (\(0.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 448.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 434.32 Td (Covanta Holding Corporation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 434.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.80 434.32 Td (\(0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 434.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 434.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 434.32 Td (0.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 434.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 434.37 Td (\(0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 434.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 434.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 434.37 Td (\(0.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 434.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 434.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 434.32 Td (0.88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 420.32 Td (Diluted \(Loss\) Earnings per share attributable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 410.32 Td (to Covanta Holding Corporation:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 395.32 Td (Continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 395.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.80 395.32 Td (\(0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 395.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 395.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 395.32 Td (0.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 395.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 395.37 Td (\(0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 395.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 395.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 395.32 Td (0.33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 395.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 395.32 Td (1.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 381.32 Td (Discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.65 381.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 381.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 381.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 381.37 Td (\(0.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 381.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 381.37 Td (\(0.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 381.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 367.32 Td (Covanta Holding Corporation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 367.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.80 367.32 Td (\(0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 367.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 367.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 367.32 Td (0.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 367.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 367.37 Td (\(0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 367.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 367.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 367.37 Td (\(0.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 367.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 367.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 367.32 Td (0.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 346.32 Td (Cash dividend declared per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 346.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.15 346.32 Td (1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 346.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 346.32 Td (1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 346.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 346.32 Td (0.86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 346.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 346.32 Td (0.66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 346.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 346.32 Td (0.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 320.32 Td (Weighted average common shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 310.32 Td (outstanding:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 295.32 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 295.32 Td (129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 295.32 Td (132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 295.32 Td (130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 295.32 Td (129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 295.32 Td (132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 281.32 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 281.32 Td (129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 281.32 Td (133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 281.32 Td (130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 281.32 Td (130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 281.32 Td (133) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 205.75 175.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 205.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 205.75 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 205.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 205.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 205.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 205.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 205.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 205.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 205.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 205.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 177.75 175.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 177.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 177.75 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 177.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 177.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 177.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 177.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 177.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 177.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 177.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 177.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 149.75 175.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 149.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 149.75 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 149.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 149.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 149.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 149.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 149.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 149.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 149.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 149.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 121.75 175.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 121.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 121.75 64.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 121.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 121.75 63.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 121.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 121.75 62.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 121.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 121.75 63.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 121.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 121.75 65.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 242.75 m 293.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 242.75 m 297.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 242.75 m 360.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 242.75 m 364.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 242.75 m 426.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 242.75 m 430.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 242.75 m 493.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 242.75 m 497.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 242.75 m 562.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 242.75 m 293.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 230.75 m 293.5 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 242.75 m 297.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 242.75 m 360.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 230.75 m 360.5 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 242.75 m 364.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 242.75 m 426.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 230.75 m 426.5 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 242.75 m 430.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 242.75 m 493.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 230.75 m 493.5 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 242.75 m 497.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 242.75 m 562.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 230.75 m 562.5 230.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 246.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.45 246.83 Td (As of December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 234.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.00 234.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.50 234.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.00 234.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.50 234.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 234.83 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 222.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.45 222.83 Td (\(In millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 209.48 Td (Balance Sheet Data: ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 141.60 214.01 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 196.32 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.00 196.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.65 196.32 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 196.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 196.32 Td (94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 196.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 196.32 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 196.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 196.32 Td (190) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 196.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 196.32 Td (233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 182.32 Td (Property, plant and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.00 182.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.15 182.32 Td (3,024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 182.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 182.32 Td (2,690) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 182.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 182.32 Td (2,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 182.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 182.32 Td (2,579) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 182.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 182.32 Td (2,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 168.32 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.00 168.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.15 168.32 Td (4,284) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 168.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 168.32 Td (4,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 168.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 168.32 Td (4,178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 168.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 168.32 Td (4,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 168.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 168.32 Td (4,501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 154.32 Td (Long-term debt \(incl. current portion\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.00 154.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.15 154.32 Td (2,252) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 154.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 154.32 Td (2,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 154.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 154.32 Td (1,948) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 154.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 154.32 Td (2,062) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 154.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 154.32 Td (1,988) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 140.32 Td (Project debt \(incl. current portion\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.00 140.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.65 140.32 Td (383) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 140.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 140.32 Td (198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 140.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 140.32 Td (222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 140.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 140.32 Td (212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 140.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 140.32 Td (293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 126.32 Td (Total liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.00 126.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.15 126.32 Td (3,815) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 126.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 126.32 Td (3,594) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 126.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 126.32 Td (3,394) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 126.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 126.32 Td (3,451) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 126.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 126.32 Td (3,452) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 112.32 Td (Total Covanta Holding Corporation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 102.32 Td (stockholders' equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.00 101.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.65 101.42 Td (469) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 101.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 101.42 Td (638) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 101.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 101.42 Td (782) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 101.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 101.42 Td (902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 101.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 101.42 Td (1,042) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.25 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 74.45 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 68.00 74.45 Td (As ) Tj ET Q q 0 0 0 rg BT 79.27 74.45 Td (revised ) Tj ET Q q 0 0 0 rg BT 106.53 74.45 Td (for ) Tj ET Q q 0 0 0 rg BT 118.30 74.45 Td (the ) Tj ET Q q 0 0 0 rg BT 130.56 74.45 Td (years ) Tj ET Q q 0 0 0 rg BT 150.82 74.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 173.58 74.45 Td (December ) Tj ET Q q 0 0 0 rg BT 211.83 74.45 Td (31, ) Tj ET Q q 0 0 0 rg BT 224.35 74.45 Td (2015 ) Tj ET Q q 0 0 0 rg BT 243.62 74.45 Td (and ) Tj ET Q q 0 0 0 rg BT 257.89 74.45 Td (prior) Tj ET Q q 0 0 0 rg BT 274.89 74.45 Td (. ) Tj ET Q q 0 0 0 rg BT 278.41 74.45 Td (See) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 291.40 74.45 Td ( ) Tj ET Q q 0 0 0 rg BT 292.67 74.45 Td (Item ) Tj ET Q q 0 0 0 rg BT 309.94 74.45 Td (8. ) Tj ET Q q 0 0 0 rg BT 317.96 74.45 Td (Financial ) Tj ET Q q 0 0 0 rg BT 354.22 74.45 Td (Statements ) Tj ET Q q 0 0 0 rg BT 394.49 74.45 Td (and ) Tj ET Q q 0 0 0 rg BT 409.26 74.45 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 464.51 74.45 Td (Data ) Tj ET Q q 0 0 0 rg BT 483.79 74.45 Td (- ) Tj ET Q q 0 0 0 rg BT 488.05 74.45 Td (Note ) Tj ET Q q 0 0 0 rg BT 506.32 74.45 Td (1. ) Tj ET Q q 0 0 0 rg BT 514.34 74.45 Td (Or) Tj ET Q q 0 0 0 rg BT 524.01 74.45 Td (ganization ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.00 63.65 Td (and ) Tj ET Q q 0 0 0 rg BT 83.75 63.65 Td (Summary ) Tj ET Q q 0 0 0 rg BT 120.00 63.65 Td (of ) Tj ET Q q 0 0 0 rg BT 129.25 63.65 Td (Significant ) Tj ET Q q 0 0 0 rg BT 170.33 63.65 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 213.57 63.65 Td (Policies ) Tj ET Q q 0 0 0 rg BT 244.81 63.65 Td (- ) Tj ET Q q 0 0 0 rg BT 250.06 63.65 Td (Reclassifications ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.30 63.65 Td (and) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.29 63.65 Td ( ) Tj ET Q q 0 0 0 rg BT 328.38 63.65 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 371.62 63.65 Td (Pr) Tj ET Q q 0 0 0 rg BT 380.28 63.65 Td (onouncements ) Tj ET Q q 0 0 0 rg BT 434.02 63.65 Td (Recently ) Tj ET Q q 0 0 0 rg BT 467.08 63.65 Td (Adopted.) Tj ET Q endstream endobj 69 0 obj <>] /Rotate 0 /Contents 70 0 R>> endobj 70 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 29.10 Td (34) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 744.75 Td (Item7.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.49 744.75 Td ( ) Tj ET Q q 0 0 0 rg BT 81.99 744.75 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 744.75 Td (MANAGEMENTS ) Tj ET Q q 0 0 0 rg BT 174.08 744.75 Td (DISCUSSION ) Tj ET Q q 0 0 0 rg BT 240.45 744.75 Td (AND ) Tj ET Q q 0 0 0 rg BT 267.91 744.75 Td (ANAL) Tj ET Q q 0 0 0 rg BT 294.21 744.75 Td (YSIS ) Tj ET Q q 0 0 0 rg BT 322.78 744.75 Td (OF) Tj ET Q q 0 0 0 rg BT 336.49 744.75 Td ( ) Tj ET Q q 0 0 0 rg BT 343.94 744.75 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 398.59 744.75 Td ( ) Tj ET Q q 0 0 0 rg BT 406.04 744.75 Td (CONDITION ) Tj ET Q q 0 0 0 rg BT 469.05 744.75 Td (AND ) Tj ET Q q 0 0 0 rg BT 497.62 744.75 Td (RESUL) Tj ET Q q 0 0 0 rg BT 529.67 744.75 Td (TS ) Tj ET Q q 0 0 0 rg BT 548.79 744.75 Td (OF) Tj ET Q q 0 0 0 rg BT 562.50 744.75 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 732.75 Td (OPERA) Tj ET Q q 0 0 0 rg BT 118.29 732.75 Td (TIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 714.75 Td (The ) Tj ET Q q 0 0 0 rg BT 76.31 714.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 100.79 714.75 Td (we, ) Tj ET Q q 0 0 0 rg BT 126.09 714.75 Td (our) Tj ET Q q 0 0 0 rg BT 143.46 714.75 Td (, ) Tj ET Q q 0 0 0 rg BT 152.66 714.75 Td (ours, ) Tj ET Q q 0 0 0 rg BT 183.52 714.75 Td (us, ) Tj ET Q q 0 0 0 rg BT 206.05 714.75 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 250.51 714.75 Td (and ) Tj ET Q q 0 0 0 rg BT 267.21 714.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 317.24 714.75 Td (refer ) Tj ET Q q 0 0 0 rg BT 338.37 714.75 Td (to ) Tj ET Q q 0 0 0 rg BT 348.41 714.75 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 384.00 714.75 Td (Holding ) Tj ET Q q 0 0 0 rg BT 419.04 714.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 469.62 714.75 Td (and ) Tj ET Q q 0 0 0 rg BT 486.32 714.75 Td (its ) Tj ET Q q 0 0 0 rg BT 498.04 714.75 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 550.29 714.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.75 Td (term ) Tj ET Q q 0 0 0 rg BT 70.33 702.75 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 110.59 702.75 Td (Ener) Tj ET Q q 0 0 0 rg BT 129.29 702.75 Td (gy ) Tj ET Q q 0 0 0 rg BT 146.22 702.75 Td (refers ) Tj ET Q q 0 0 0 rg BT 171.48 702.75 Td (to ) Tj ET Q q 0 0 0 rg BT 181.76 702.75 Td (our ) Tj ET Q q 0 0 0 rg BT 197.59 702.75 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 241.20 702.75 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 277.02 702.75 Td (Ener) Tj ET Q q 0 0 0 rg BT 295.72 702.75 Td (gy) Tj ET Q q 0 0 0 rg BT 305.07 702.75 Td (, ) Tj ET Q q 0 0 0 rg BT 310.07 702.75 Td (LLC ) Tj ET Q q 0 0 0 rg BT 331.46 702.75 Td (and ) Tj ET Q q 0 0 0 rg BT 348.40 702.75 Td (its ) Tj ET Q q 0 0 0 rg BT 360.34 702.75 Td (subsidiaries. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 685.75 Td (OVER) Tj ET Q q 0 0 0 rg BT 78.04 685.75 Td (VIEW) Tj ET Q q 0 0 0 rg BT 105.64 685.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 668.75 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 94.69 668.75 Td (is ) Tj ET Q q 0 0 0 rg BT 104.23 668.75 Td (one ) Tj ET Q q 0 0 0 rg BT 121.53 668.75 Td (of ) Tj ET Q q 0 0 0 rg BT 132.72 668.75 Td (the ) Tj ET Q q 0 0 0 rg BT 147.81 668.75 Td (world) Tj ET Q q 0 0 0 rg BT 173.92 668.75 Td (s ) Tj ET Q q 0 0 0 rg BT 180.67 668.75 Td (lar) Tj ET Q q 0 0 0 rg BT 191.04 668.75 Td (gest ) Tj ET Q q 0 0 0 rg BT 210.01 668.75 Td (owners ) Tj ET Q q 0 0 0 rg BT 241.76 668.75 Td (and ) Tj ET Q q 0 0 0 rg BT 259.06 668.75 Td (operators ) Tj ET Q q 0 0 0 rg BT 299.13 668.75 Td (of ) Tj ET Q q 0 0 0 rg BT 310.33 668.75 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 367.06 668.75 Td (for ) Tj ET Q q 0 0 0 rg BT 381.58 668.75 Td (the ) Tj ET Q q 0 0 0 rg BT 396.67 668.75 Td (conversion ) Tj ET Q q 0 0 0 rg BT 443.41 668.75 Td (of ) Tj ET Q q 0 0 0 rg BT 454.60 668.75 Td (waste ) Tj ET Q q 0 0 0 rg BT 480.24 668.75 Td (to ) Tj ET Q q 0 0 0 rg BT 490.88 668.75 Td (ener) Tj ET Q q 0 0 0 rg BT 507.91 668.75 Td (gy ) Tj ET Q q 0 0 0 rg BT 520.77 668.75 Td (\(known ) Tj ET Q q 0 0 0 rg BT 554.19 668.75 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.75 Td (ener) Tj ET Q q 0 0 0 rg BT 70.96 656.75 Td (gy-from-waste ) Tj ET Q q 0 0 0 rg BT 136.28 656.75 Td (or ) Tj ET Q q 0 0 0 rg BT 146.63 656.75 Td (EfW\), ) Tj ET Q q 0 0 0 rg BT 182.23 656.75 Td (as ) Tj ET Q q 0 0 0 rg BT 192.57 656.75 Td (well ) Tj ET Q q 0 0 0 rg BT 211.80 656.75 Td (as ) Tj ET Q q 0 0 0 rg BT 222.15 656.75 Td (other ) Tj ET Q q 0 0 0 rg BT 244.71 656.75 Td (waste ) Tj ET Q q 0 0 0 rg BT 269.49 656.75 Td (disposal ) Tj ET Q q 0 0 0 rg BT 304.28 656.75 Td (and ) Tj ET Q q 0 0 0 rg BT 320.74 656.75 Td (renewable ) Tj ET Q q 0 0 0 rg BT 363.83 656.75 Td (ener) Tj ET Q q 0 0 0 rg BT 380.86 656.75 Td (gy ) Tj ET Q q 0 0 0 rg BT 392.87 656.75 Td (production ) Tj ET Q q 0 0 0 rg BT 438.21 656.75 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 484.95 656.75 Td (Ener) Tj ET Q q 0 0 0 rg BT 503.65 656.75 Td (gy-from-waste ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.75 Td (serves ) Tj ET Q q 0 0 0 rg BT 77.08 644.75 Td (two ) Tj ET Q q 0 0 0 rg BT 94.67 644.75 Td (key ) Tj ET Q q 0 0 0 rg BT 111.70 644.75 Td (markets ) Tj ET Q q 0 0 0 rg BT 145.95 644.75 Td (as ) Tj ET Q q 0 0 0 rg BT 156.87 644.75 Td (both ) Tj ET Q q 0 0 0 rg BT 177.24 644.75 Td (a ) Tj ET Q q 0 0 0 rg BT 184.27 644.75 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 231.30 644.75 Td (waste ) Tj ET Q q 0 0 0 rg BT 256.66 644.75 Td (management ) Tj ET Q q 0 0 0 rg BT 310.34 644.75 Td (solution ) Tj ET Q q 0 0 0 rg BT 345.16 644.75 Td (that ) Tj ET Q q 0 0 0 rg BT 362.75 644.75 Td (is ) Tj ET Q q 0 0 0 rg BT 372.01 644.75 Td (environmentally ) Tj ET Q q 0 0 0 rg BT 440.14 644.75 Td (superior ) Tj ET Q q 0 0 0 rg BT 475.50 644.75 Td (to ) Tj ET Q q 0 0 0 rg BT 485.87 644.75 Td (landfilling ) Tj ET Q q 0 0 0 rg BT 530.12 644.75 Td (and ) Tj ET Q q 0 0 0 rg BT 547.15 644.75 Td (as ) Tj ET Q q 0 0 0 rg BT 558.07 644.75 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.75 Td (source ) Tj ET Q q 0 0 0 rg BT 77.94 632.75 Td (of ) Tj ET Q q 0 0 0 rg BT 88.61 632.75 Td (clean ) Tj ET Q q 0 0 0 rg BT 112.05 632.75 Td (ener) Tj ET Q q 0 0 0 rg BT 129.07 632.75 Td (gy ) Tj ET Q q 0 0 0 rg BT 141.41 632.75 Td (that ) Tj ET Q q 0 0 0 rg BT 158.75 632.75 Td (reduces ) Tj ET Q q 0 0 0 rg BT 191.63 632.75 Td (overall ) Tj ET Q q 0 0 0 rg BT 221.73 632.75 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 269.61 632.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 285.28 632.75 Td (\("GHG"\) ) Tj ET Q q 0 0 0 rg BT 324.11 632.75 Td (emissions. ) Tj ET Q q 0 0 0 rg BT 368.40 632.75 Td (Ener) Tj ET Q q 0 0 0 rg BT 387.10 632.75 Td (gy-from-waste ) Tj ET Q q 0 0 0 rg BT 448.31 632.75 Td (is ) Tj ET Q q 0 0 0 rg BT 457.32 632.75 Td (also ) Tj ET Q q 0 0 0 rg BT 475.77 632.75 Td (considered ) Tj ET Q q 0 0 0 rg BT 521.43 632.75 Td (renewable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.75 Td (under ) Tj ET Q q 0 0 0 rg BT 74.29 620.75 Td (the ) Tj ET Q q 0 0 0 rg BT 88.54 620.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 108.89 620.75 Td (of ) Tj ET Q q 0 0 0 rg BT 119.25 620.75 Td (many ) Tj ET Q q 0 0 0 rg BT 143.49 620.75 Td (states ) Tj ET Q q 0 0 0 rg BT 167.73 620.75 Td (and ) Tj ET Q q 0 0 0 rg BT 184.20 620.75 Td (under ) Tj ET Q q 0 0 0 rg BT 208.99 620.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 238.77 620.75 Td (law) Tj ET Q q 0 0 0 rg BT 252.56 620.75 Td (. ) Tj ET Q q 0 0 0 rg BT 257.08 620.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 274.66 620.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 311.11 620.75 Td (are ) Tj ET Q q 0 0 0 rg BT 325.35 620.75 Td (critical ) Tj ET Q q 0 0 0 rg BT 355.13 620.75 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 411.02 620.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 436.37 620.75 Td (that ) Tj ET Q q 0 0 0 rg BT 453.39 620.75 Td (allow ) Tj ET Q q 0 0 0 rg BT 477.64 620.75 Td (our ) Tj ET Q q 0 0 0 rg BT 492.99 620.75 Td (customers, ) Tj ET Q q 0 0 0 rg BT 538.06 620.75 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.75 Td (are ) Tj ET Q q 0 0 0 rg BT 64.14 608.75 Td (principally ) Tj ET Q q 0 0 0 rg BT 109.90 608.75 Td (municipal ) Tj ET Q q 0 0 0 rg BT 152.32 608.75 Td (entities, ) Tj ET Q q 0 0 0 rg BT 186.14 608.75 Td (to ) Tj ET Q q 0 0 0 rg BT 196.36 608.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 229.34 608.75 Td (an ) Tj ET Q q 0 0 0 rg BT 241.21 608.75 Td (essential ) Tj ET Q q 0 0 0 rg BT 278.08 608.75 Td (public ) Tj ET Q q 0 0 0 rg BT 305.51 608.75 Td (service. ) Tj ET Q q 0 0 0 rg BT 338.76 608.75 Td (For ) Tj ET Q q 0 0 0 rg BT 355.09 608.75 Td (a ) Tj ET Q q 0 0 0 rg BT 361.96 608.75 Td (discussion ) Tj ET Q q 0 0 0 rg BT 406.07 608.75 Td (of ) Tj ET Q q 0 0 0 rg BT 416.83 608.75 Td (our ) Tj ET Q q 0 0 0 rg BT 432.60 608.75 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 471.96 608.75 Td (the ) Tj ET Q q 0 0 0 rg BT 486.62 608.75 Td (ener) Tj ET Q q 0 0 0 rg BT 503.64 608.75 Td (gy-from-waste ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.75 Td (process ) Tj ET Q q 0 0 0 rg BT 81.99 596.75 Td (and ) Tj ET Q q 0 0 0 rg BT 98.93 596.75 Td (the ) Tj ET Q q 0 0 0 rg BT 113.65 596.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 173.90 596.75 Td (benefits ) Tj ET Q q 0 0 0 rg BT 208.06 596.75 Td (of ) Tj ET Q q 0 0 0 rg BT 218.89 596.75 Td (ener) Tj ET Q q 0 0 0 rg BT 235.92 596.75 Td (gy-from-waste, ) Tj ET Q q 0 0 0 rg BT 299.78 596.75 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 315.05 596.75 Td (Item ) Tj ET Q q 0 0 0 rg BT 335.32 596.75 Td (1. ) Tj ET Q q 0 0 0 rg BT 345.32 596.75 Td (Business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 579.75 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 579.75 Td (e ) Tj ET Q q 0 0 0 rg BT 73.71 579.75 Td (have ) Tj ET Q q 0 0 0 rg BT 94.71 579.75 Td (one ) Tj ET Q q 0 0 0 rg BT 111.28 579.75 Td (reportable ) Tj ET Q q 0 0 0 rg BT 153.94 579.75 Td (segment, ) Tj ET Q q 0 0 0 rg BT 191.89 579.75 Td (North ) Tj ET Q q 0 0 0 rg BT 216.88 579.75 Td (America, ) Tj ET Q q 0 0 0 rg BT 255.94 579.75 Td (which ) Tj ET Q q 0 0 0 rg BT 282.50 579.75 Td (is ) Tj ET Q q 0 0 0 rg BT 291.30 579.75 Td (comprised ) Tj ET Q q 0 0 0 rg BT 335.09 579.75 Td (of ) Tj ET Q q 0 0 0 rg BT 345.54 579.75 Td (waste ) Tj ET Q q 0 0 0 rg BT 370.44 579.75 Td (and ) Tj ET Q q 0 0 0 rg BT 387.01 579.75 Td (ener) Tj ET Q q 0 0 0 rg BT 404.04 579.75 Td (gy ) Tj ET Q q 0 0 0 rg BT 416.17 579.75 Td (services ) Tj ET Q q 0 0 0 rg BT 450.50 579.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 494.29 579.75 Td (located ) Tj ET Q q 0 0 0 rg BT 525.29 579.75 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 567.75 Td (in ) Tj ET Q q 0 0 0 rg BT 59.26 567.75 Td (the ) Tj ET Q q 0 0 0 rg BT 73.47 567.75 Td (United ) Tj ET Q q 0 0 0 rg BT 102.67 567.75 Td (States ) Tj ET Q q 0 0 0 rg BT 128.54 567.75 Td (and ) Tj ET Q q 0 0 0 rg BT 144.97 567.75 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 179.00 567.75 Td (Additional ) Tj ET Q q 0 0 0 rg BT 223.76 567.75 Td (information ) Tj ET Q q 0 0 0 rg BT 272.96 567.75 Td (about ) Tj ET Q q 0 0 0 rg BT 297.16 567.75 Td (our ) Tj ET Q q 0 0 0 rg BT 312.48 567.75 Td (reportable ) Tj ET Q q 0 0 0 rg BT 355.00 567.75 Td (segment ) Tj ET Q q 0 0 0 rg BT 390.31 567.75 Td (is ) Tj ET Q q 0 0 0 rg BT 398.97 567.75 Td (contained ) Tj ET Q q 0 0 0 rg BT 439.82 567.75 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 449.59 567.75 Td (Item. ) Tj ET Q q 0 0 0 rg BT 471.84 567.75 Td (1. ) Tj ET Q q 0 0 0 rg BT 481.33 567.75 Td (Business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.32 567.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 534.74 567.75 Td (Item8. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 555.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 90.88 555.75 Td (Statements ) Tj ET Q q 0 0 0 rg BT 136.53 555.75 Td (And ) Tj ET Q q 0 0 0 rg BT 155.13 555.75 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 217.62 555.75 Td (Data ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 251.51 555.75 Td (Note ) Tj ET Q q 0 0 0 rg BT 272.90 555.75 Td (6.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 280.40 555.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 282.90 555.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 324.28 555.75 Td (Information ) Tj ET Q q 0 0 0 rg BT 374.56 555.75 Td (by ) Tj ET Q q 0 0 0 rg BT 386.50 555.75 Td (Business ) Tj ET Q q 0 0 0 rg BT 424.00 555.75 Td (Segments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.77 555.75 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 538.75 Td ( ) Tj ET Q q 0 0 0 rg BT 60.52 538.75 Td (For ) Tj ET Q q 0 0 0 rg BT 76.43 538.75 Td (a ) Tj ET Q q 0 0 0 rg BT 82.89 538.75 Td (discussion ) Tj ET Q q 0 0 0 rg BT 126.58 538.75 Td (of ) Tj ET Q q 0 0 0 rg BT 136.93 538.75 Td (key ) Tj ET Q q 0 0 0 rg BT 153.38 538.75 Td (strategies ) Tj ET Q q 0 0 0 rg BT 193.17 538.75 Td (and ) Tj ET Q q 0 0 0 rg BT 209.62 538.75 Td (the ) Tj ET Q q 0 0 0 rg BT 223.86 538.75 Td (execution ) Tj ET Q q 0 0 0 rg BT 264.75 538.75 Td (thereof ) Tj ET Q q 0 0 0 rg BT 295.08 538.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.88 538.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.88 538.75 Td (, ) Tj ET Q q 0 0 0 rg BT 329.40 538.75 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 344.19 538.75 Td (Item ) Tj ET Q q 0 0 0 rg BT 363.98 538.75 Td (1. ) Tj ET Q q 0 0 0 rg BT 373.50 538.75 Td (Business ) Tj ET Q q 0 0 0 rg BT 410.51 538.75 Td ( ) Tj ET Q q 0 0 0 rg BT 421.42 538.75 Td (Strategy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.77 538.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 473.23 538.75 Td (Execution ) Tj ET Q q 0 0 0 rg BT 515.23 538.75 Td (on ) Tj ET Q q 0 0 0 rg BT 527.25 538.75 Td (Strategy) Tj ET Q q 0 0 0 rg BT 560.02 538.75 Td (.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 520.18505859375 m 169.5341796875 520.18505859375 l s q 0 0 0 rg BT 49.50 521.75 Td (General ) Tj ET Q q 0 0 0 rg BT 85.33 521.75 Td (Business ) Tj ET Q q 0 0 0 rg BT 124.51 521.75 Td (Conditions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 504.75 Td (See ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 75.15 504.75 Td (Item ) Tj ET Q q 0 0 0 rg BT 95.13 504.75 Td (1. ) Tj ET Q q 0 0 0 rg BT 104.84 504.75 Td (Business ) Tj ET Q q 0 0 0 rg BT 142.05 504.75 Td ( ) Tj ET Q q 0 0 0 rg BT 153.15 504.75 Td (Markets, ) Tj ET Q q 0 0 0 rg BT 190.63 504.75 Td (Competition ) Tj ET Q q 0 0 0 rg BT 242.29 504.75 Td (and ) Tj ET Q q 0 0 0 rg BT 259.50 504.75 Td (Business ) Tj ET Q q 0 0 0 rg BT 296.71 504.75 Td (Conditions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.61 504.75 Td ( ) Tj ET Q q 0 0 0 rg BT 342.82 504.75 Td (for ) Tj ET Q q 0 0 0 rg BT 356.69 504.75 Td (a ) Tj ET Q q 0 0 0 rg BT 363.34 504.75 Td (discussion ) Tj ET Q q 0 0 0 rg BT 407.22 504.75 Td (of ) Tj ET Q q 0 0 0 rg BT 417.76 504.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 447.18 504.75 Td (af) Tj ET Q q 0 0 0 rg BT 454.76 504.75 Td (fecting ) Tj ET Q q 0 0 0 rg BT 484.74 504.75 Td (business ) Tj ET Q q 0 0 0 rg BT 520.84 504.75 Td (conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 492.75 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 492.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 103.92 492.75 Td (results.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 474.75 Td (RESUL) Tj ET Q q 0 0 0 rg BT 81.93 474.75 Td (TS OF) Tj ET Q q 0 0 0 rg BT 110.17 474.75 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 146.93 474.75 Td (TIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 456.75 Td (The ) Tj ET Q q 0 0 0 rg BT 77.15 456.75 Td (following ) Tj ET Q q 0 0 0 rg BT 119.14 456.75 Td (general ) Tj ET Q q 0 0 0 rg BT 151.66 456.75 Td (discussions ) Tj ET Q q 0 0 0 rg BT 200.33 456.75 Td (should ) Tj ET Q q 0 0 0 rg BT 230.10 456.75 Td (be ) Tj ET Q q 0 0 0 rg BT 242.64 456.75 Td (read ) Tj ET Q q 0 0 0 rg BT 262.95 456.75 Td (in ) Tj ET Q q 0 0 0 rg BT 273.83 456.75 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 324.14 456.75 Td (with ) Tj ET Q q 0 0 0 rg BT 345.02 456.75 Td (the ) Tj ET Q q 0 0 0 rg BT 360.34 456.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 413.99 456.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 452.07 456.75 Td (statements, ) Tj ET Q q 0 0 0 rg BT 499.88 456.75 Td (the ) Tj ET Q q 0 0 0 rg BT 515.20 456.75 Td (notes ) Tj ET Q q 0 0 0 rg BT 539.41 456.75 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 456.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 444.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 102.98 444.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 140.90 444.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 186.06 444.75 Td (and ) Tj ET Q q 0 0 0 rg BT 203.44 444.75 Td (other ) Tj ET Q q 0 0 0 rg BT 226.92 444.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 264.85 444.75 Td (information ) Tj ET Q q 0 0 0 rg BT 315.00 444.75 Td (appearing ) Tj ET Q q 0 0 0 rg BT 357.36 444.75 Td (and ) Tj ET Q q 0 0 0 rg BT 374.74 444.75 Td (referred ) Tj ET Q q 0 0 0 rg BT 409.32 444.75 Td (to ) Tj ET Q q 0 0 0 rg BT 420.04 444.75 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 462.96 444.75 Td (in ) Tj ET Q q 0 0 0 rg BT 473.67 444.75 Td (this ) Tj ET Q q 0 0 0 rg BT 491.06 444.75 Td (report. ) Tj ET Q q 0 0 0 rg BT 519.73 444.75 Td (Additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 432.75 Td (detail ) Tj ET Q q 0 0 0 rg BT 73.69 432.75 Td (relating ) Tj ET Q q 0 0 0 rg BT 106.21 432.75 Td (to ) Tj ET Q q 0 0 0 rg BT 115.97 432.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 150.16 432.75 Td (in ) Tj ET Q q 0 0 0 rg BT 159.91 432.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 199.66 432.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 233.28 432.75 Td (and ) Tj ET Q q 0 0 0 rg BT 249.70 432.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 289.44 432.75 Td (expense ) Tj ET Q q 0 0 0 rg BT 323.63 432.75 Td (and ) Tj ET Q q 0 0 0 rg BT 340.04 432.75 Td (the ) Tj ET Q q 0 0 0 rg BT 354.24 432.75 Td (quantification ) Tj ET Q q 0 0 0 rg BT 411.76 432.75 Td (of ) Tj ET Q q 0 0 0 rg BT 422.06 432.75 Td (specific ) Tj ET Q q 0 0 0 rg BT 455.14 432.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 484.32 432.75 Td (af) Tj ET Q q 0 0 0 rg BT 491.91 432.75 Td (fecting ) Tj ET Q q 0 0 0 rg BT 521.65 432.75 Td (or ) Tj ET Q q 0 0 0 rg BT 531.96 432.75 Td (causing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 420.75 Td (such ) Tj ET Q q 0 0 0 rg BT 70.33 420.75 Td (changes, ) Tj ET Q q 0 0 0 rg BT 107.54 420.75 Td (is ) Tj ET Q q 0 0 0 rg BT 116.71 420.75 Td (provided ) Tj ET Q q 0 0 0 rg BT 154.75 420.75 Td (in ) Tj ET Q q 0 0 0 rg BT 165.03 420.75 Td (the ) Tj ET Q q 0 0 0 rg BT 179.75 420.75 Td (segment ) Tj ET Q q 0 0 0 rg BT 215.57 420.75 Td (discussion ) Tj ET Q q 0 0 0 rg BT 259.74 420.75 Td (below) Tj ET Q q 0 0 0 rg BT 283.53 420.75 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 402.75 Td (The ) Tj ET Q q 0 0 0 rg BT 76.64 402.75 Td (comparability ) Tj ET Q q 0 0 0 rg BT 134.77 402.75 Td (of ) Tj ET Q q 0 0 0 rg BT 145.69 402.75 Td (the ) Tj ET Q q 0 0 0 rg BT 160.50 402.75 Td (information ) Tj ET Q q 0 0 0 rg BT 210.31 402.75 Td (provided ) Tj ET Q q 0 0 0 rg BT 248.45 402.75 Td (below ) Tj ET Q q 0 0 0 rg BT 275.48 402.75 Td (with ) Tj ET Q q 0 0 0 rg BT 295.85 402.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 326.76 402.75 Td (to ) Tj ET Q q 0 0 0 rg BT 337.13 402.75 Td (our ) Tj ET Q q 0 0 0 rg BT 353.05 402.75 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 389.79 402.75 Td (expense ) Tj ET Q q 0 0 0 rg BT 424.59 402.75 Td (and ) Tj ET Q q 0 0 0 rg BT 441.62 402.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 471.42 402.75 Td (other ) Tj ET Q q 0 0 0 rg BT 494.55 402.75 Td (items ) Tj ET Q q 0 0 0 rg BT 518.81 402.75 Td (for ) Tj ET Q q 0 0 0 rg BT 533.07 402.75 Td (periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.75 Td (during ) Tj ET Q q 0 0 0 rg BT 77.60 390.75 Td (each ) Tj ET Q q 0 0 0 rg BT 97.91 390.75 Td (of ) Tj ET Q q 0 0 0 rg BT 108.23 390.75 Td (the ) Tj ET Q q 0 0 0 rg BT 122.45 390.75 Td (years ) Tj ET Q q 0 0 0 rg BT 145.54 390.75 Td (presented ) Tj ET Q q 0 0 0 rg BT 185.85 390.75 Td (was ) Tj ET Q q 0 0 0 rg BT 203.39 390.75 Td (af) Tj ET Q q 0 0 0 rg BT 210.98 390.75 Td (fected ) Tj ET Q q 0 0 0 rg BT 237.40 390.75 Td (by ) Tj ET Q q 0 0 0 rg BT 249.39 390.75 Td (several ) Tj ET Q q 0 0 0 rg BT 279.70 390.75 Td (factors. ) Tj ET Q q 0 0 0 rg BT 310.96 390.75 Td (As ) Tj ET Q q 0 0 0 rg BT 324.07 390.75 Td (outlined ) Tj ET Q q 0 0 0 rg BT 358.83 390.75 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 368.61 390.75 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 398.37 390.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 439.24 390.75 Td (Statements ) Tj ET Q q 0 0 0 rg BT 484.42 390.75 Td (And ) Tj ET Q q 0 0 0 rg BT 502.52 390.75 Td (Supplementary ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 378.75 Td (Data ) Tj ET Q q 0 0 0 rg BT 83.02 378.75 Td (Note ) Tj ET Q q 0 0 0 rg BT 104.03 378.75 Td (1. ) Tj ET Q q 0 0 0 rg BT 113.65 378.75 Td (Or) Tj ET Q q 0 0 0 rg BT 124.40 378.75 Td (ganization ) Tj ET Q q 0 0 0 rg BT 168.75 378.75 Td (and ) Tj ET Q q 0 0 0 rg BT 185.87 378.75 Td (Summary ) Tj ET Q q 0 0 0 rg BT 225.77 378.75 Td (of ) Tj ET Q q 0 0 0 rg BT 235.68 378.75 Td (Significant ) Tj ET Q q 0 0 0 rg BT 280.98 378.75 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 328.65 378.75 Td (Policies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.98 378.75 Td (and) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 377.42 378.75 Td ( ) Tj ET Q q 0 0 0 rg BT 379.55 378.75 Td (Note3. ) Tj ET Q q 0 0 0 rg BT 410.56 378.75 Td (New ) Tj ET Q q 0 0 0 rg BT 430.46 378.75 Td (Business ) Tj ET Q q 0 0 0 rg BT 467.59 378.75 Td (and ) Tj ET Q q 0 0 0 rg BT 484.56 378.75 Td (Asset ) Tj ET Q q 0 0 0 rg BT 507.79 378.75 Td (Management, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.75 Td (our ) Tj ET Q q 0 0 0 rg BT 65.02 366.75 Td (business ) Tj ET Q q 0 0 0 rg BT 101.11 366.75 Td (development ) Tj ET Q q 0 0 0 rg BT 154.95 366.75 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 196.58 366.75 Td (and ) Tj ET Q q 0 0 0 rg BT 213.21 366.75 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 263.18 366.75 Td (resulted ) Tj ET Q q 0 0 0 rg BT 297.02 366.75 Td (in ) Tj ET Q q 0 0 0 rg BT 307.00 366.75 Td (various ) Tj ET Q q 0 0 0 rg BT 338.63 366.75 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 391.08 366.75 Td (which ) Tj ET Q q 0 0 0 rg BT 417.71 366.75 Td (are ) Tj ET Q q 0 0 0 rg BT 432.11 366.75 Td (reflected ) Tj ET Q q 0 0 0 rg BT 469.28 366.75 Td (in ) Tj ET Q q 0 0 0 rg BT 479.25 366.75 Td (comparative ) Tj ET Q q 0 0 0 rg BT 530.86 366.75 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.75 Td (and ) Tj ET Q q 0 0 0 rg BT 67.26 354.75 Td (expense. ) Tj ET Q q 0 0 0 rg BT 105.05 354.75 Td (These ) Tj ET Q q 0 0 0 rg BT 132.24 354.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 162.77 354.75 Td (must ) Tj ET Q q 0 0 0 rg BT 185.54 354.75 Td (be ) Tj ET Q q 0 0 0 rg BT 198.30 354.75 Td (taken ) Tj ET Q q 0 0 0 rg BT 223.27 354.75 Td (into ) Tj ET Q q 0 0 0 rg BT 242.15 354.75 Td (account ) Tj ET Q q 0 0 0 rg BT 276.56 354.75 Td (in ) Tj ET Q q 0 0 0 rg BT 287.66 354.75 Td (developing ) Tj ET Q q 0 0 0 rg BT 335.42 354.75 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 384.28 354.75 Td (comparisons ) Tj ET Q q 0 0 0 rg BT 438.15 354.75 Td (between ) Tj ET Q q 0 0 0 rg BT 474.78 354.75 Td (the ) Tj ET Q q 0 0 0 rg BT 490.32 354.75 Td (periods ) Tj ET Q q 0 0 0 rg BT 523.08 354.75 Td (compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.75 Td (below) Tj ET Q q 0 0 0 rg BT 73.29 342.75 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 324.75 Td (The ) Tj ET Q q 0 0 0 rg BT 76.98 324.75 Td (Results ) Tj ET Q q 0 0 0 rg BT 109.36 324.75 Td (of ) Tj ET Q q 0 0 0 rg BT 120.62 324.75 Td (Operations ) Tj ET Q q 0 0 0 rg BT 167.43 324.75 Td (discussion ) Tj ET Q q 0 0 0 rg BT 212.03 324.75 Td (below ) Tj ET Q q 0 0 0 rg BT 239.40 324.75 Td (compares ) Tj ET Q q 0 0 0 rg BT 280.65 324.75 Td (our ) Tj ET Q q 0 0 0 rg BT 296.91 324.75 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 333.99 324.75 Td (expense ) Tj ET Q q 0 0 0 rg BT 369.13 324.75 Td (and ) Tj ET Q q 0 0 0 rg BT 386.50 324.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 416.63 324.75 Td (other ) Tj ET Q q 0 0 0 rg BT 440.11 324.75 Td (items ) Tj ET Q q 0 0 0 rg BT 464.71 324.75 Td (during ) Tj ET Q q 0 0 0 rg BT 493.75 324.75 Td (each ) Tj ET Q q 0 0 0 rg BT 515.00 324.75 Td (of ) Tj ET Q q 0 0 0 rg BT 526.26 324.75 Td (the ) Tj ET Q q 0 0 0 rg BT 541.41 324.75 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 312.75 Td (presented ) Tj ET Q q 0 0 0 rg BT 90.32 312.75 Td (for ) Tj ET Q q 0 0 0 rg BT 104.48 312.75 Td (continuing ) Tj ET Q q 0 0 0 rg BT 149.75 312.75 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 294.75 Td (The ) Tj ET Q q 0 0 0 rg BT 76.55 294.75 Td (following ) Tj ET Q q 0 0 0 rg BT 117.93 294.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 142.65 294.75 Td (used ) Tj ET Q q 0 0 0 rg BT 163.48 294.75 Td (within ) Tj ET Q q 0 0 0 rg BT 191.54 294.75 Td (the ) Tj ET Q q 0 0 0 rg BT 206.25 294.75 Td (Results ) Tj ET Q q 0 0 0 rg BT 238.20 294.75 Td (of ) Tj ET Q q 0 0 0 rg BT 249.03 294.75 Td (Operations ) Tj ET Q q 0 0 0 rg BT 295.41 294.75 Td (discussion ) Tj ET Q q 0 0 0 rg BT 339.58 294.75 Td (are ) Tj ET Q q 0 0 0 rg BT 354.29 294.75 Td (defined ) Tj ET Q q 0 0 0 rg BT 386.77 294.75 Td (as ) Tj ET Q q 0 0 0 rg BT 397.60 294.75 Td (follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 277.35 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 277.35 Td (Or) Tj ET Q q 0 0 0 rg BT 82.31 277.35 Td (ganic ) Tj ET Q q 0 0 0 rg BT 106.28 277.35 Td (growth: ) Tj ET Q q 0 0 0 rg BT 144.14 277.35 Td (reflects ) Tj ET Q q 0 0 0 rg BT 175.88 277.35 Td (the ) Tj ET Q q 0 0 0 rg BT 190.42 277.35 Td (performance ) Tj ET Q q 0 0 0 rg BT 243.25 277.35 Td (of ) Tj ET Q q 0 0 0 rg BT 253.90 277.35 Td (the ) Tj ET Q q 0 0 0 rg BT 268.43 277.35 Td (business ) Tj ET Q q 0 0 0 rg BT 304.64 277.35 Td (on ) Tj ET Q q 0 0 0 rg BT 316.96 277.35 Td (a ) Tj ET Q q 0 0 0 rg BT 323.71 277.35 Td (comparable ) Tj ET Q q 0 0 0 rg BT 372.67 277.35 Td (period-over) Tj ET Q q 0 0 0 rg BT 419.11 277.35 Td (-period ) Tj ET Q q 0 0 0 rg BT 450.31 277.35 Td (basis, ) Tj ET Q q 0 0 0 rg BT 475.12 277.35 Td (excluding ) Tj ET Q q 0 0 0 rg BT 516.87 277.35 Td (the ) Tj ET Q q 0 0 0 rg BT 531.40 277.35 Td (impacts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 259.95 Td (of ) Tj ET Q q 0 0 0 rg BT 78.33 259.95 Td (transactions ) Tj ET Q q 0 0 0 rg BT 128.59 259.95 Td (and ) Tj ET Q q 0 0 0 rg BT 145.53 259.95 Td (contract ) Tj ET Q q 0 0 0 rg BT 180.23 259.95 Td (transitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 242.55 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 242.55 Td (T) Tj ET Q q 0 0 0 rg BT 77.70 242.55 Td (ransactions: ) Tj ET Q q 0 0 0 rg BT 132.40 242.55 Td (includes ) Tj ET Q q 0 0 0 rg BT 168.22 242.55 Td (the ) Tj ET Q q 0 0 0 rg BT 182.94 242.55 Td (impacts ) Tj ET Q q 0 0 0 rg BT 216.54 242.55 Td (of ) Tj ET Q q 0 0 0 rg BT 227.37 242.55 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 280.15 242.55 Td (divestitures, ) Tj ET Q q 0 0 0 rg BT 331.25 242.55 Td (and ) Tj ET Q q 0 0 0 rg BT 348.19 242.55 Td (the ) Tj ET Q q 0 0 0 rg BT 362.91 242.55 Td (addition ) Tj ET Q q 0 0 0 rg BT 398.18 242.55 Td (or ) Tj ET Q q 0 0 0 rg BT 409.01 242.55 Td (loss ) Tj ET Q q 0 0 0 rg BT 427.07 242.55 Td (of ) Tj ET Q q 0 0 0 rg BT 437.90 242.55 Td (operating ) Tj ET Q q 0 0 0 rg BT 478.16 242.55 Td (contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 225.15 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 225.15 Td (Contract ) Tj ET Q q 0 0 0 rg BT 108.13 225.15 Td (transitions: ) Tj ET Q q 0 0 0 rg BT 158.77 225.15 Td (includes ) Tj ET Q q 0 0 0 rg BT 193.85 225.15 Td (the ) Tj ET Q q 0 0 0 rg BT 207.83 225.15 Td (impact ) Tj ET Q q 0 0 0 rg BT 236.80 225.15 Td (of ) Tj ET Q q 0 0 0 rg BT 246.88 225.15 Td (the ) Tj ET Q q 0 0 0 rg BT 260.86 225.15 Td (expiration ) Tj ET Q q 0 0 0 rg BT 303.16 225.15 Td (of: ) Tj ET Q q 0 0 0 rg BT 316.03 225.15 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 328.88 225.15 Td (long-term ) Tj ET Q q 0 0 0 rg BT 370.07 225.15 Td (major ) Tj ET Q q 0 0 0 rg BT 395.16 225.15 Td (waste ) Tj ET Q q 0 0 0 rg BT 419.68 225.15 Td (and ) Tj ET Q q 0 0 0 rg BT 435.88 225.15 Td (service ) Tj ET Q q 0 0 0 rg BT 465.95 225.15 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 506.30 225.15 Td (most ) Tj ET Q q 0 0 0 rg BT 527.51 225.15 Td (typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 207.75 Td (representing ) Tj ET Q q 0 0 0 rg BT 119.42 207.75 Td (the ) Tj ET Q q 0 0 0 rg BT 134.14 207.75 Td (transition ) Tj ET Q q 0 0 0 rg BT 174.41 207.75 Td (to ) Tj ET Q q 0 0 0 rg BT 184.69 207.75 Td (a ) Tj ET Q q 0 0 0 rg BT 191.63 207.75 Td (new ) Tj ET Q q 0 0 0 rg BT 210.79 207.75 Td (contract ) Tj ET Q q 0 0 0 rg BT 245.49 207.75 Td (structure, ) Tj ET Q q 0 0 0 rg BT 285.48 207.75 Td (and ) Tj ET Q q 0 0 0 rg BT 302.42 207.75 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 316.58 207.75 Td (long-term ) Tj ET Q q 0 0 0 rg BT 358.51 207.75 Td (ener) Tj ET Q q 0 0 0 rg BT 375.54 207.75 Td (gy ) Tj ET Q q 0 0 0 rg BT 388.04 207.75 Td (contracts.) Tj ET Q endstream endobj 71 0 obj <>] /Rotate 0 /Contents 72 0 R>> endobj 72 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (35) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (RESUL) Tj ET Q q 0 0 0 rg BT 82.43 742.25 Td (TS OF) Tj ET Q q 0 0 0 rg BT 110.67 742.25 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 147.43 742.25 Td (TIONS OPERA) Tj ET Q q 0 0 0 rg BT 227.81 742.25 Td (TING INCOME ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (Y) Tj ET Q q 0 0 0 rg BT 56.11 724.25 Td (ear) Tj ET Q q 0 0 0 rg BT 69.81 724.25 Td ( Ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 102.60 724.25 Td (December) Tj ET Q q 0 0 0 rg BT 145.73 724.25 Td (31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.23 724.25 Td ( vs. ) Tj ET Q q 0 0 0 rg BT 199.25 724.25 Td (Y) Tj ET Q q 0 0 0 rg BT 205.36 724.25 Td (ear) Tj ET Q q 0 0 0 rg BT 219.06 724.25 Td ( Ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.85 724.25 Td (December) Tj ET Q q 0 0 0 rg BT 294.98 724.25 Td (31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.48 724.25 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 655.75 202.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.00 655.75 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 655.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 655.75 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 655.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 655.75 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 627.75 202.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.00 627.75 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 627.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 627.75 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 627.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 627.75 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 599.75 202.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.00 599.75 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 599.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 599.75 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 599.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 599.75 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 571.75 202.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.00 571.75 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 571.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 571.75 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 571.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 571.75 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 543.75 202.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.00 543.75 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 543.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 543.75 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 543.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 543.75 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 515.75 202.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.00 515.75 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 515.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 515.75 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 515.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 515.75 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 487.75 202.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.00 487.75 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 487.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 487.75 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 487.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 487.75 101.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251 690.75 m 352 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 690.75 m 356 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 690.75 m 457 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251 690.75 m 352 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251 667.75 m 352 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 667.75 m 457 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 667.75 m 562 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251 585.75 m 352 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 585.75 m 457 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 585.75 m 562 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251 585.75 m 352 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251 571.75 m 352 571.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 571.75 m 457 571.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 571.75 m 562 571.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 487.75 m 562 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251 487.75 m 352 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251 473.75 m 352 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 487.75 m 457 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251 473.75 m 352 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251 460.75 m 352 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251 458.75 m 352 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 473.75 m 457 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 460.75 m 457 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 458.75 m 457 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 473.75 m 562 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 460.75 m 562 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 458.75 m 562 458.75 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 695.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.80 695.20 Td (For the Years Ended December 31,) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 51.50 672.20 Td (Consolidated:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 292.00 672.20 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 397.00 672.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.90 681.20 Td (Variance) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.55 672.20 Td (Increase \(Decrease\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.35 659.15 Td (\(Inmillions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 646.21 Td (OPERATING REVENUE:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 632.21 Td (Waste and service revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 253.50 632.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.25 632.21 Td (1,187) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 358.50 632.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.25 632.21 Td (1,104) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.50 632.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 632.21 Td (83) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 618.21 Td (Energy revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.00 618.21 Td (370) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.00 618.21 Td (421) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 618.21 Td (\(51) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 618.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 604.21 Td (Recycled metals revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.50 604.21 Td (61) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.50 604.21 Td (61) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 604.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 590.21 Td (Other operating revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.50 590.21 Td (81) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.50 590.21 Td (59) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 590.21 Td (22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 576.21 Td (Total operating revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.25 576.21 Td (1,699) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.25 576.21 Td (1,645) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 576.21 Td (54) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 562.21 Td (OPERATING EXPENSE:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 548.21 Td (Plant operating expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.25 548.21 Td (1,177) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.25 548.21 Td (1,129) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 548.21 Td (48) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 534.21 Td (Other operating expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.50 534.21 Td (86) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.50 534.21 Td (73) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 534.21 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 520.21 Td (General and administrative expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.00 520.21 Td (100) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.50 520.21 Td (93) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 520.21 Td (7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 506.21 Td (Depreciation and amortization expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.00 506.21 Td (207) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.00 506.21 Td (198) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 506.21 Td (9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 492.21 Td (Impairment charges) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.50 492.21 Td (20) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.50 492.21 Td (43) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 492.21 Td (\(23) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 492.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 478.21 Td (Total operating expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.25 478.21 Td (1,590) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.25 478.21 Td (1,536) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 478.21 Td (54) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 464.21 Td (Operating income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 253.50 464.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.00 464.21 Td (109) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 358.50 464.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.00 464.21 Td (109) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.50 464.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 464.21 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (Operating Revenue) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 422.9169921875 m 161.09375 422.9169921875 l s q 0 0 0 rg BT 50.00 424.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 424.25 Td (aste and Service Revenue) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 373.75 326.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 373.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 373.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 373.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 373.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 373.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 373.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 343.75 326.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 343.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 343.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 343.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 343.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 343.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 343.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 313.75 326.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 313.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 313.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 313.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 313.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 313.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 313.75 58.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 386.75 m 437.5 386.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 386.75 m 441.5 386.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 386.75 m 499.5 386.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 386.75 m 437.5 386.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 373.75 m 437.5 373.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 386.75 m 441.5 386.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 386.75 m 499.5 386.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 373.75 m 499.5 373.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 373.75 m 561.5 373.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 373.75 m 437.5 373.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 373.75 m 499.5 373.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 373.75 m 561.5 373.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 298.75 m 437.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 298.75 m 499.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 284.75 m 437.5 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 282.75 m 437.5 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 284.75 m 499.5 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 282.75 m 499.5 282.75 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 52.00 391.20 Td (Consolidated \(in millions\):) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.00 398.98 Td (For the Years Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.75 390.98 Td (December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 378.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.00 377.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.00 377.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.80 377.98 Td (Variance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 363.42 Td (EfW waste and service revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.00 363.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 363.42 Td (962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 363.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 363.42 Td (929) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 363.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 363.42 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 348.42 Td (Environmental services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 348.42 Td (99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 348.42 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 348.42 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 333.42 Td (Municipal services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 333.42 Td (186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 333.42 Td (159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 333.42 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 318.42 Td (Other revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 318.42 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 318.42 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 318.47 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 318.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 303.42 Td (Intercompany) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.30 303.47 Td (\(96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 303.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.30 303.47 Td (\(78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 303.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.30 303.47 Td (\(18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 303.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 288.42 Td (Total waste and service revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.00 288.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 288.42 Td (1,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 288.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 288.42 Td (1,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 288.42 Td (83) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 236.75 326.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 236.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 236.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 236.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 236.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 236.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 236.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 206.75 326.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 206.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 206.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 206.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 206.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 206.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 206.75 58.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 249.75 m 437.5 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 249.75 m 441.5 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 249.75 m 499.5 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 249.75 m 437.5 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 236.75 m 437.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 249.75 m 441.5 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 249.75 m 499.5 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 236.75 m 499.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 236.75 m 561.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 236.75 m 437.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 236.75 m 499.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 206.75 m 437.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 206.75 m 499.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 206.75 m 437.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 192.75 m 437.5 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 190.75 m 437.5 190.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 206.75 m 499.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 192.75 m 499.5 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 190.75 m 499.5 190.75 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 52.00 254.20 Td (EfW) Tj ET Q q 0 0 0 rg BT 68.84 254.20 Td ( Facilities - T) Tj ET Q q 0 0 0 rg BT 117.76 254.20 Td (ons Received ) Tj ET Q BT /F4 9.00 Tf ET BT /F4 5.85 Tf ET q 0 0 0 rg BT 168.24 258.28 Td (\(1\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 175.06 254.20 Td ( \(in millions\):) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.00 261.98 Td (For the Years Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.75 253.98 Td (December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 241.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.00 240.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.00 240.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.80 240.98 Td (Variance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 226.42 Td (Contracted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.50 226.42 Td (17.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.50 226.42 Td (17.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 226.42 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 211.42 Td (Uncontracted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 211.42 Td (2.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 211.42 Td (2.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 211.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 196.42 Td (Total Tons) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.50 196.42 Td (19.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.50 196.42 Td (19.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 196.42 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 178.45 Td (\(1\) Includes solid tons only) Tj ET Q q 0 0 0 rg BT 156.91 178.45 Td (. Does not include contribution from China investments. Certain amounts may not total due to rounding.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 149.65 Td (W) Tj ET Q q 0 0 0 rg BT 67.64 149.65 Td (aste ) Tj ET Q q 0 0 0 rg BT 84.73 149.65 Td (and ) Tj ET Q q 0 0 0 rg BT 100.71 149.65 Td (service ) Tj ET Q q 0 0 0 rg BT 130.57 149.65 Td (revenue ) Tj ET Q q 0 0 0 rg BT 163.76 149.65 Td (increased ) Tj ET Q q 0 0 0 rg BT 203.06 149.65 Td (by ) Tj ET Q q 0 0 0 rg BT 214.60 149.65 Td ($83 ) Tj ET Q q 0 0 0 rg BT 231.15 149.65 Td (million ) Tj ET Q q 0 0 0 rg BT 261.58 149.65 Td (year) Tj ET Q q 0 0 0 rg BT 278.59 149.65 Td (-over) Tj ET Q q 0 0 0 rg BT 299.49 149.65 Td (-year) Tj ET Q q 0 0 0 rg BT 319.63 149.65 Td (, ) Tj ET Q q 0 0 0 rg BT 323.67 149.65 Td (driven ) Tj ET Q q 0 0 0 rg BT 350.76 149.65 Td (by ) Tj ET Q q 0 0 0 rg BT 362.31 149.65 Td (or) Tj ET Q q 0 0 0 rg BT 370.46 149.65 Td (ganic ) Tj ET Q q 0 0 0 rg BT 393.66 149.65 Td (growth ) Tj ET Q q 0 0 0 rg BT 423.53 149.65 Td (of ) Tj ET Q q 0 0 0 rg BT 433.41 149.65 Td ($35 ) Tj ET Q q 0 0 0 rg BT 449.95 149.65 Td (million ) Tj ET Q q 0 0 0 rg BT 480.39 149.65 Td (and ) Tj ET Q q 0 0 0 rg BT 496.37 149.65 Td (net ) Tj ET Q q 0 0 0 rg BT 510.13 149.65 Td (contribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.65 Td (from ) Tj ET Q q 0 0 0 rg BT 71.62 137.65 Td (transactions ) Tj ET Q q 0 0 0 rg BT 121.57 137.65 Td (of ) Tj ET Q q 0 0 0 rg BT 132.08 137.65 Td ($52 ) Tj ET Q q 0 0 0 rg BT 149.26 137.65 Td (million, ) Tj ET Q q 0 0 0 rg BT 182.83 137.65 Td (partially ) Tj ET Q q 0 0 0 rg BT 218.33 137.65 Td (of) Tj ET Q q 0 0 0 rg BT 226.48 137.65 Td (fset ) Tj ET Q q 0 0 0 rg BT 243.10 137.65 Td (by ) Tj ET Q q 0 0 0 rg BT 255.29 137.65 Td (a ) Tj ET Q q 0 0 0 rg BT 261.91 137.65 Td (decline ) Tj ET Q q 0 0 0 rg BT 292.96 137.65 Td (of ) Tj ET Q q 0 0 0 rg BT 303.47 137.65 Td ($5 ) Tj ET Q q 0 0 0 rg BT 315.65 137.65 Td (million ) Tj ET Q q 0 0 0 rg BT 346.73 137.65 Td (related ) Tj ET Q q 0 0 0 rg BT 376.11 137.65 Td (to ) Tj ET Q q 0 0 0 rg BT 386.07 137.65 Td (contract ) Tj ET Q q 0 0 0 rg BT 420.45 137.65 Td (transitions. ) Tj ET Q q 0 0 0 rg BT 466.64 137.65 Td (W) Tj ET Q q 0 0 0 rg BT 475.68 137.65 Td (ithin ) Tj ET Q q 0 0 0 rg BT 496.20 137.65 Td (or) Tj ET Q q 0 0 0 rg BT 504.35 137.65 Td (ganic ) Tj ET Q q 0 0 0 rg BT 528.18 137.65 Td (growth, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.65 Td (EfW) Tj ET Q q 0 0 0 rg BT 68.70 125.65 Td ( ) Tj ET Q q 0 0 0 rg BT 70.49 125.65 Td (waste ) Tj ET Q q 0 0 0 rg BT 95.05 125.65 Td (processing ) Tj ET Q q 0 0 0 rg BT 139.61 125.65 Td (revenue ) Tj ET Q q 0 0 0 rg BT 173.05 125.65 Td (increased ) Tj ET Q q 0 0 0 rg BT 212.60 125.65 Td ($24 ) Tj ET Q q 0 0 0 rg BT 229.39 125.65 Td (million ) Tj ET Q q 0 0 0 rg BT 260.08 125.65 Td (\(2.5%\) ) Tj ET Q q 0 0 0 rg BT 289.36 125.65 Td (due ) Tj ET Q q 0 0 0 rg BT 305.59 125.65 Td (to ) Tj ET Q q 0 0 0 rg BT 315.17 125.65 Td (price ) Tj ET Q q 0 0 0 rg BT 336.94 125.65 Td (and ) Tj ET Q q 0 0 0 rg BT 353.18 125.65 Td ($2 ) Tj ET Q q 0 0 0 rg BT 364.97 125.65 Td (million ) Tj ET Q q 0 0 0 rg BT 395.66 125.65 Td (\(0.2%\) ) Tj ET Q q 0 0 0 rg BT 424.94 125.65 Td (due ) Tj ET Q q 0 0 0 rg BT 441.17 125.65 Td (to ) Tj ET Q q 0 0 0 rg BT 450.74 125.65 Td (volume, ) Tj ET Q q 0 0 0 rg BT 485.03 125.65 Td (and ) Tj ET Q q 0 0 0 rg BT 501.26 125.65 Td (environmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.65 Td (services ) Tj ET Q q 0 0 0 rg BT 84.66 113.65 Td (revenue ) Tj ET Q q 0 0 0 rg BT 118.76 113.65 Td (increased ) Tj ET Q q 0 0 0 rg BT 158.96 113.65 Td (by ) Tj ET Q q 0 0 0 rg BT 171.42 113.65 Td ($12 ) Tj ET Q q 0 0 0 rg BT 188.87 113.65 Td (million ) Tj ET Q q 0 0 0 rg BT 220.21 113.65 Td (as ) Tj ET Q q 0 0 0 rg BT 231.00 113.65 Td (a ) Tj ET Q q 0 0 0 rg BT 237.89 113.65 Td (result ) Tj ET Q q 0 0 0 rg BT 262.56 113.65 Td (of ) Tj ET Q q 0 0 0 rg BT 273.34 113.65 Td (increased ) Tj ET Q q 0 0 0 rg BT 313.55 113.65 Td (activity ) Tj ET Q q 0 0 0 rg BT 345.99 113.65 Td (at ) Tj ET Q q 0 0 0 rg BT 355.66 113.65 Td (newly ) Tj ET Q q 0 0 0 rg BT 382.55 113.65 Td (acquired ) Tj ET Q q 0 0 0 rg BT 419.43 113.65 Td (environmental ) Tj ET Q q 0 0 0 rg BT 479.64 113.65 Td (services ) Tj ET Q q 0 0 0 rg BT 514.30 113.65 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 561.52 113.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.65 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 101.65 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 102.64 101.65 Td (impacting ) Tj ET Q q 0 0 0 rg BT 144.53 101.65 Td (revenue ) Tj ET Q q 0 0 0 rg BT 178.07 101.65 Td (in ) Tj ET Q q 0 0 0 rg BT 187.74 101.65 Td (the ) Tj ET Q q 0 0 0 rg BT 201.86 101.65 Td (period ) Tj ET Q q 0 0 0 rg BT 229.30 101.65 Td (included ) Tj ET Q q 0 0 0 rg BT 265.63 101.65 Td (environmental ) Tj ET Q q 0 0 0 rg BT 325.29 101.65 Td (services ) Tj ET Q q 0 0 0 rg BT 359.39 101.65 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 409.06 101.65 Td (\($30 ) Tj ET Q q 0 0 0 rg BT 429.29 101.65 Td (million\), ) Tj ET Q q 0 0 0 rg BT 465.91 101.65 Td (a ) Tj ET Q q 0 0 0 rg BT 472.24 101.65 Td (full ) Tj ET Q q 0 0 0 rg BT 488.03 101.65 Td (year ) Tj ET Q q 0 0 0 rg BT 507.13 101.65 Td (of ) Tj ET Q q 0 0 0 rg BT 517.36 101.65 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.65 Td (under ) Tj ET Q q 0 0 0 rg BT 75.27 89.65 Td (the ) Tj ET Q q 0 0 0 rg BT 89.99 89.65 Td (New ) Tj ET Q q 0 0 0 rg BT 111.00 89.65 Td (Y) Tj ET Q q 0 0 0 rg BT 117.22 89.65 Td (ork ) Tj ET Q q 0 0 0 rg BT 133.05 89.65 Td (City ) Tj ET Q q 0 0 0 rg BT 152.77 89.65 Td (MTS ) Tj ET Q q 0 0 0 rg BT 175.83 89.65 Td (contract, ) Tj ET Q q 0 0 0 rg BT 213.04 89.65 Td (and ) Tj ET Q q 0 0 0 rg BT 229.98 89.65 Td (commencement ) Tj ET Q q 0 0 0 rg BT 295.78 89.65 Td (of ) Tj ET Q q 0 0 0 rg BT 306.61 89.65 Td (operations ) Tj ET Q q 0 0 0 rg BT 350.77 89.65 Td (at ) Tj ET Q q 0 0 0 rg BT 360.48 89.65 Td (the ) Tj ET Q q 0 0 0 rg BT 375.20 89.65 Td (Durham-Y) Tj ET Q q 0 0 0 rg BT 417.52 89.65 Td (ork ) Tj ET Q q 0 0 0 rg BT 433.35 89.65 Td (EfW) Tj ET Q q 0 0 0 rg BT 452.05 89.65 Td ( ) Tj ET Q q 0 0 0 rg BT 454.55 89.65 Td (facility) Tj ET Q q 0 0 0 rg BT 482.22 89.65 Td (.) Tj ET Q endstream endobj 73 0 obj <>] /Rotate 0 /Contents 74 0 R>> endobj 74 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (36) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 722.7669921875 m 116.181640625 722.7669921875 l s q 0 0 0 rg BT 50.00 724.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 68.70 724.10 Td (gy Revenue) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 679.60 326.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 679.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 679.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 679.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 679.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 679.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 679.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 650.60 326.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 650.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 650.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 650.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 650.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 650.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 650.60 58.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 692.6 m 438.5 692.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 692.6 m 442.5 692.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 692.6 m 500.5 692.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 692.6 m 438.5 692.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 679.6 m 438.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 692.6 m 442.5 692.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 692.6 m 500.5 692.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 679.6 m 500.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 679.6 m 562.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 679.6 m 500.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 635.6 m 438.5 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 621.6 m 438.5 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 619.6 m 438.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 635.6 m 500.5 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 621.6 m 500.5 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 619.6 m 500.5 619.6 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 697.05 Td (Consolidated ) Tj ET Q BT /F4 9.00 Tf ET BT /F4 5.85 Tf ET q 0 0 0 rg BT 103.76 701.13 Td (\(1\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 110.58 697.05 Td ( \(in millions\):) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.00 704.83 Td (For the Years Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.75 696.83 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.00 683.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.00 683.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.80 683.83 Td (Variance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 669.27 Td (EfW energy sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.00 669.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.50 669.06 Td (321) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.00 669.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.50 669.06 Td (308) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.00 669.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 669.06 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 655.17 Td (EfW capacity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 655.06 Td (40) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.00 655.06 Td (38) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.50 655.06 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 640.27 Td (Other revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 640.06 Td (9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.00 640.06 Td (75) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.00 640.06 Td (\(66) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 640.06 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 625.27 Td (Total energy revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.00 625.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.50 625.06 Td (370) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.00 625.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.50 625.06 Td (421) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.00 625.06 Td (\(51) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 625.06 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 610.30 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 63.38 610.30 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 96.26 610.30 Td (share ) Tj ET Q q 0 0 0 rg BT 118.14 610.30 Td (only) Tj ET Q q 0 0 0 rg BT 133.56 610.30 Td (. ) Tj ET Q q 0 0 0 rg BT 138.69 610.30 Td (EfW) Tj ET Q q 0 0 0 rg BT 155.52 610.30 Td ( ) Tj ET Q q 0 0 0 rg BT 158.41 610.30 Td (excludes ) Tj ET Q q 0 0 0 rg BT 192.78 610.30 Td (contribution ) Tj ET Q q 0 0 0 rg BT 239.67 610.30 Td (from ) Tj ET Q q 0 0 0 rg BT 260.05 610.30 Td (China ) Tj ET Q q 0 0 0 rg BT 284.44 610.30 Td (investments. ) Tj ET Q q 0 0 0 rg BT 332.57 610.30 Td (Represents ) Tj ET Q q 0 0 0 rg BT 374.95 610.30 Td (the ) Tj ET Q q 0 0 0 rg BT 388.83 610.30 Td (sale ) Tj ET Q q 0 0 0 rg BT 405.71 610.30 Td (of ) Tj ET Q q 0 0 0 rg BT 416.10 610.30 Td (electricity ) Tj ET Q q 0 0 0 rg BT 454.96 610.30 Td (and ) Tj ET Q q 0 0 0 rg BT 470.84 610.30 Td (steam ) Tj ET Q q 0 0 0 rg BT 494.73 610.30 Td (based ) Tj ET Q q 0 0 0 rg BT 518.11 610.30 Td (upon ) Tj ET Q q 0 0 0 rg BT 538.99 610.30 Td (output ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 599.50 Td (delivered ) Tj ET Q q 0 0 0 rg BT 85.73 599.50 Td (and ) Tj ET Q q 0 0 0 rg BT 100.98 599.50 Td (capacity ) Tj ET Q q 0 0 0 rg BT 133.21 599.50 Td (provided. ) Tj ET Q q 0 0 0 rg BT 169.70 599.50 Td (Certain ) Tj ET Q q 0 0 0 rg BT 198.44 599.50 Td (amounts ) Tj ET Q q 0 0 0 rg BT 231.19 599.50 Td (may ) Tj ET Q q 0 0 0 rg BT 248.93 599.50 Td (not ) Tj ET Q q 0 0 0 rg BT 262.68 599.50 Td (total ) Tj ET Q q 0 0 0 rg BT 280.93 599.50 Td (due ) Tj ET Q q 0 0 0 rg BT 296.17 599.50 Td (to ) Tj ET Q q 0 0 0 rg BT 305.42 599.50 Td (rounding.) 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1 rg /GS0 gs 381.50 490.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 490.20 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 490.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 490.20 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 490.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 490.20 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 490.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 490.20 38.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 563.2 m 234.5 563.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 563.2 m 238.5 563.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 563.2 m 289.5 563.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 563.2 m 293.5 563.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 563.2 m 331.5 563.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 563.2 m 335.5 563.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 563.2 m 381.5 563.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 563.2 m 385.5 563.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 563.2 m 433.5 563.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 563.2 m 437.5 563.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 563.2 m 474.5 563.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 563.2 m 234.5 563.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 548.2 m 234.5 548.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 563.2 m 238.5 563.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 548.2 m 238.5 548.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 563.2 m 289.5 563.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 548.2 m 289.5 548.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 563.2 m 293.5 563.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 548.2 m 293.5 548.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 563.2 m 331.5 563.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 548.2 m 331.5 548.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 563.2 m 335.5 563.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 563.2 m 381.5 563.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 548.2 m 381.5 548.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 563.2 m 385.5 563.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 548.2 m 385.5 548.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 563.2 m 433.5 563.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 548.2 m 433.5 548.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 563.2 m 437.5 563.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 548.2 m 437.5 548.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 563.2 m 474.5 563.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 548.2 m 474.5 548.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 548.2 m 515.5 548.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 548.2 m 519.5 548.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 548.2 m 557.5 548.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 519.2 m 234.5 519.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 519.2 m 289.5 519.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 519.2 m 331.5 519.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 519.2 m 381.5 519.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 519.2 m 433.5 519.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 519.2 m 474.5 519.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 519.2 m 515.5 519.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 519.2 m 557.5 519.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 475.2 m 234.5 475.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 461.2 m 234.5 461.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 459.2 m 234.5 459.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 475.2 m 289.5 475.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 461.2 m 289.5 461.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 459.2 m 289.5 459.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 475.2 m 331.5 475.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 461.2 m 331.5 461.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 459.2 m 331.5 459.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 475.2 m 381.5 475.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 461.2 m 381.5 461.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 459.2 m 381.5 459.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 475.2 m 433.5 475.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 461.2 m 433.5 461.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 459.2 m 433.5 459.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 475.2 m 474.5 475.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 461.2 m 474.5 461.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 459.2 m 474.5 459.2 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.05 567.43 Td (Years Ended December 31,) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 552.65 Td (Total EfW \(in millions\):) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 251.50 552.43 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.50 552.43 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.30 552.43 Td (Variance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 192.30 523.43 Td (Revenue ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 223.63 527.06 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.15 523.43 Td (V) Tj ET Q q 0 0 0 rg BT 248.19 523.43 Td (olume) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 269.08 527.06 Td (\(1\), \(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.65 539.43 Td (% of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.25 531.43 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.00 523.43 Td (Volume) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 339.30 523.43 Td (Revenue ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 370.63 527.06 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.65 523.43 Td (V) Tj ET Q q 0 0 0 rg BT 393.69 523.43 Td (olume) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 414.58 527.06 Td (\(1\), \(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.15 539.43 Td (% of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.75 531.43 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.50 523.43 Td (Volume) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.80 523.43 Td (Revenue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.00 523.43 Td (Volume) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 508.66 Td ( At Market) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 191.00 508.66 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.00 508.66 Td (33) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 274.75 508.66 Td (1.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 508.66 Td (17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.50 508.66 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.00 508.66 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 508.66 Td (46) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.75 508.66 Td (1.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.50 508.66 Td (24) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.50 508.66 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 508.66 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 508.66 Td (\(13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 508.66 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.75 508.66 Td (\(0.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 508.66 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 494.66 Td ( Contracted) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 217.50 494.66 Td (245) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 274.75 494.66 Td (3.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 494.66 Td (51) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.50 494.66 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 494.66 Td (238) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.75 494.66 Td (3.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.50 494.66 Td (53) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.50 494.66 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.50 494.66 Td (7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 494.66 Td (0.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 479.66 Td ( Hedged) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.00 479.66 Td (83) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 274.75 479.66 Td (1.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 479.66 Td (32) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.50 479.66 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 479.66 Td (62) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.75 479.66 Td (1.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.50 479.66 Td (23) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.50 479.66 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.00 479.66 Td (21) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 479.66 Td (0.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 464.66 Td (Total EfW) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 191.00 464.66 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 217.50 464.66 Td (361) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 274.75 464.66 Td (6.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.00 464.66 Td (100) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.50 464.66 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.00 464.66 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 464.66 Td (346) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.75 464.66 Td (5.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.00 464.66 Td (100) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.50 464.66 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.00 464.66 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 464.66 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 440.90 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 62.74 440.90 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 94.99 440.90 Td (share ) Tj ET Q q 0 0 0 rg BT 116.23 440.90 Td (only) Tj ET Q q 0 0 0 rg BT 131.64 440.90 Td (. ) Tj ET Q q 0 0 0 rg BT 136.14 440.90 Td (EfW) Tj ET Q q 0 0 0 rg BT 152.97 440.90 Td ( ) Tj ET Q q 0 0 0 rg BT 155.22 440.90 Td (excludes ) Tj ET Q q 0 0 0 rg BT 188.96 440.90 Td (China. ) Tj ET Q q 0 0 0 rg BT 214.95 440.90 Td (Represents ) Tj ET Q q 0 0 0 rg BT 256.69 440.90 Td (the ) Tj ET Q q 0 0 0 rg BT 269.94 440.90 Td (sale ) Tj ET Q q 0 0 0 rg BT 286.18 440.90 Td (of ) Tj ET Q q 0 0 0 rg BT 295.93 440.90 Td (electricity ) Tj ET Q q 0 0 0 rg BT 334.15 440.90 Td (and ) Tj ET Q q 0 0 0 rg BT 349.40 440.90 Td (steam ) Tj ET Q q 0 0 0 rg BT 372.64 440.90 Td (based ) Tj ET Q q 0 0 0 rg BT 395.38 440.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 415.63 440.90 Td (output ) Tj ET Q q 0 0 0 rg BT 440.88 440.90 Td (delivered ) Tj ET Q q 0 0 0 rg BT 476.62 440.90 Td (and ) Tj ET Q q 0 0 0 rg BT 491.86 440.90 Td (capacity ) Tj ET Q q 0 0 0 rg BT 524.09 440.90 Td (provided.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 62.74 430.10 Td (Steam ) Tj ET Q q 0 0 0 rg BT 87.49 430.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 125.22 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.47 430.10 Td (MWh ) Tj ET Q q 0 0 0 rg BT 157.72 430.10 Td (at ) Tj ET Q q 0 0 0 rg BT 166.46 430.10 Td (an ) Tj ET Q q 0 0 0 rg BT 177.21 430.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 210.45 430.10 Td (average ) Tj ET Q q 0 0 0 rg BT 240.68 430.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 256.42 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.16 430.10 Td (1) Tj ET Q q 0 0 0 rg BT 270.33 430.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 277.08 430.10 Td (klbs ) Tj ET Q q 0 0 0 rg BT 294.33 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.08 430.10 Td (steam ) Tj ET Q q 0 0 0 rg BT 327.32 430.10 Td (/ ) Tj ET Q q 0 0 0 rg BT 332.07 430.10 Td (MWh.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 419.30 Td (Certain ) Tj ET Q q 0 0 0 rg BT 78.74 419.30 Td (amounts ) Tj ET Q q 0 0 0 rg BT 111.49 419.30 Td (may ) Tj ET Q q 0 0 0 rg BT 129.23 419.30 Td (not ) Tj ET Q q 0 0 0 rg BT 142.98 419.30 Td (total ) Tj ET Q q 0 0 0 rg BT 161.23 419.30 Td (due ) Tj ET Q q 0 0 0 rg BT 176.47 419.30 Td (to ) Tj ET Q q 0 0 0 rg BT 185.73 419.30 Td (rounding.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 390.50 Td (Ener) Tj ET Q q 0 0 0 rg BT 77.70 390.50 Td (gy ) Tj ET Q q 0 0 0 rg BT 90.81 390.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 125.56 390.50 Td (decreased ) Tj ET Q q 0 0 0 rg BT 168.09 390.50 Td (by ) Tj ET Q q 0 0 0 rg BT 181.20 390.50 Td ($51 ) Tj ET Q q 0 0 0 rg BT 199.31 390.50 Td (million ) Tj ET Q q 0 0 0 rg BT 231.31 390.50 Td (year) Tj ET Q q 0 0 0 rg BT 248.32 390.50 Td (-over) Tj ET Q q 0 0 0 rg BT 269.21 390.50 Td (-year) Tj ET Q q 0 0 0 rg BT 289.35 390.50 Td (, ) Tj ET Q q 0 0 0 rg BT 294.96 390.50 Td (driven ) Tj ET Q q 0 0 0 rg BT 323.62 390.50 Td (by ) Tj ET Q q 0 0 0 rg BT 336.73 390.50 Td (a ) Tj ET Q q 0 0 0 rg BT 344.28 390.50 Td ($66 ) Tj ET Q q 0 0 0 rg BT 362.39 390.50 Td (million ) Tj ET Q q 0 0 0 rg BT 394.39 390.50 Td (decline ) Tj ET Q q 0 0 0 rg BT 426.37 390.50 Td (from ) Tj ET Q q 0 0 0 rg BT 448.92 390.50 Td (transactions ) Tj ET Q q 0 0 0 rg BT 499.80 390.50 Td (\(including ) Tj ET Q q 0 0 0 rg BT 544.01 390.50 Td ($36 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.50 Td (million ) Tj ET Q q 0 0 0 rg BT 82.14 378.50 Td (related ) Tj ET Q q 0 0 0 rg BT 112.58 378.50 Td (to ) Tj ET Q q 0 0 0 rg BT 123.60 378.50 Td (economically ) Tj ET Q q 0 0 0 rg BT 180.71 378.50 Td (dispatching ) Tj ET Q q 0 0 0 rg BT 230.06 378.50 Td (biomass ) Tj ET Q q 0 0 0 rg BT 266.08 378.50 Td (facilities ) Tj ET Q q 0 0 0 rg BT 303.76 378.50 Td (and ) Tj ET Q q 0 0 0 rg BT 321.44 378.50 Td ($29 ) Tj ET Q q 0 0 0 rg BT 339.68 378.50 Td (million ) Tj ET Q q 0 0 0 rg BT 371.82 378.50 Td (resulting ) Tj ET Q q 0 0 0 rg BT 410.06 378.50 Td (from ) Tj ET Q q 0 0 0 rg BT 432.74 378.50 Td (the ) Tj ET Q q 0 0 0 rg BT 448.20 378.50 Td (exchange ) Tj ET Q q 0 0 0 rg BT 489.20 378.50 Td (of ) Tj ET Q q 0 0 0 rg BT 500.77 378.50 Td (our ) Tj ET Q q 0 0 0 rg BT 517.34 378.50 Td (ownership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 82.44 366.50 Td (in ) Tj ET Q q 0 0 0 rg BT 93.23 366.50 Td (a ) Tj ET Q q 0 0 0 rg BT 100.68 366.50 Td (facility ) Tj ET Q q 0 0 0 rg BT 132.01 366.50 Td (in ) Tj ET Q q 0 0 0 rg BT 142.80 366.50 Td (China, ) Tj ET Q q 0 0 0 rg BT 172.20 366.50 Td (both ) Tj ET Q q 0 0 0 rg BT 192.99 366.50 Td (in ) Tj ET Q q 0 0 0 rg BT 203.77 366.50 Td (the ) Tj ET Q q 0 0 0 rg BT 219.00 366.50 Td (first ) Tj ET Q q 0 0 0 rg BT 238.12 366.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 269.45 366.50 Td (of ) Tj ET Q q 0 0 0 rg BT 280.79 366.50 Td (2016\), ) Tj ET Q q 0 0 0 rg BT 309.63 366.50 Td ($5 ) Tj ET Q q 0 0 0 rg BT 322.64 366.50 Td (million ) Tj ET Q q 0 0 0 rg BT 354.54 366.50 Td (from ) Tj ET Q q 0 0 0 rg BT 376.99 366.50 Td (lower ) Tj ET Q q 0 0 0 rg BT 402.77 366.50 Td (production ) Tj ET Q q 0 0 0 rg BT 449.10 366.50 Td (at ) Tj ET Q q 0 0 0 rg BT 459.33 366.50 Td (EfW) Tj ET Q q 0 0 0 rg BT 478.02 366.50 Td ( ) Tj ET Q q 0 0 0 rg BT 481.04 366.50 Td (facilities ) Tj ET Q q 0 0 0 rg BT 518.47 366.50 Td (\(primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 354.50 Td (related ) Tj ET Q q 0 0 0 rg BT 79.49 354.50 Td (to ) Tj ET Q q 0 0 0 rg BT 89.56 354.50 Td (turbine ) Tj ET Q q 0 0 0 rg BT 120.18 354.50 Td (generator ) Tj ET Q q 0 0 0 rg BT 160.23 354.50 Td (downtime ) Tj ET Q q 0 0 0 rg BT 202.51 354.50 Td (at ) Tj ET Q q 0 0 0 rg BT 212.02 354.50 Td (our ) Tj ET Q q 0 0 0 rg BT 227.64 354.50 Td (Plymouth ) Tj ET Q q 0 0 0 rg BT 268.83 354.50 Td (facility\) ) Tj ET Q q 0 0 0 rg BT 302.77 354.50 Td (and ) Tj ET Q q 0 0 0 rg BT 319.50 354.50 Td (a ) Tj ET Q q 0 0 0 rg BT 326.23 354.50 Td ($6 ) Tj ET Q q 0 0 0 rg BT 338.52 354.50 Td (million ) Tj ET Q q 0 0 0 rg BT 369.71 354.50 Td (decline ) Tj ET Q q 0 0 0 rg BT 400.87 354.50 Td (related ) Tj ET Q q 0 0 0 rg BT 430.36 354.50 Td (to ) Tj ET Q q 0 0 0 rg BT 440.43 354.50 Td (the ) Tj ET Q q 0 0 0 rg BT 454.94 354.50 Td (expiration ) Tj ET Q q 0 0 0 rg BT 497.78 354.50 Td (of ) Tj ET Q q 0 0 0 rg BT 508.40 354.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 537.89 354.50 Td (long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 342.50 Td (term ) Tj ET Q q 0 0 0 rg BT 70.45 342.50 Td (ener) Tj ET Q q 0 0 0 rg BT 87.48 342.50 Td (gy ) Tj ET Q q 0 0 0 rg BT 99.60 342.50 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 140.16 342.50 Td (These ) Tj ET Q q 0 0 0 rg BT 166.17 342.50 Td (declines ) Tj ET Q q 0 0 0 rg BT 201.05 342.50 Td (were ) Tj ET Q q 0 0 0 rg BT 222.61 342.50 Td (partially ) Tj ET Q q 0 0 0 rg BT 258.05 342.50 Td (of) Tj ET Q q 0 0 0 rg BT 266.20 342.50 Td (fset ) Tj ET Q q 0 0 0 rg BT 282.76 342.50 Td (by ) Tj ET Q q 0 0 0 rg BT 294.89 342.50 Td (higher ) Tj ET Q q 0 0 0 rg BT 322.56 342.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 356.33 342.50 Td (following ) Tj ET Q q 0 0 0 rg BT 397.34 342.50 Td (waste ) Tj ET Q q 0 0 0 rg BT 422.23 342.50 Td (and ) Tj ET Q q 0 0 0 rg BT 438.79 342.50 Td (service ) Tj ET Q q 0 0 0 rg BT 469.23 342.50 Td (contract ) Tj ET Q q 0 0 0 rg BT 503.56 342.50 Td (transitions ) Tj ET Q q 0 0 0 rg BT 547.35 342.50 Td (\(as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 330.50 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 330.50 Td (result ) Tj ET Q q 0 0 0 rg BT 81.66 330.50 Td (of ) Tj ET Q q 0 0 0 rg BT 92.49 330.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 132.74 330.50 Td (share ) Tj ET Q q 0 0 0 rg BT 156.34 330.50 Td (of ) Tj ET Q q 0 0 0 rg BT 167.17 330.50 Td (ener) Tj ET Q q 0 0 0 rg BT 184.19 330.50 Td (gy ) Tj ET Q q 0 0 0 rg BT 196.69 330.50 Td (revenue\). ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 311.1669921875 m 150.5126953125 311.1669921875 l s q 0 0 0 rg BT 50.00 312.50 Td (Recycled Metal Revenue) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 57.50 264.00 347.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 264.00 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 264.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 264.00 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 57.50 236.00 347.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 236.00 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 236.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 236.00 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 57.50 208.00 347.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 208.00 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 208.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 208.00 76.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 276 m 480.5 276 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 276 m 484.5 276 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 276 m 560.5 276 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 276 m 480.5 276 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 264 m 480.5 264 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 276 m 484.5 276 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 276 m 560.5 276 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 264 m 560.5 264 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 208 m 480.5 208 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 208 m 560.5 208 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 208 m 480.5 208 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 195 m 480.5 195 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 193 m 480.5 193 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 195 m 560.5 195 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 193 m 560.5 193 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 60.00 280.45 Td (Recycled Metal Revenue \(in millions\):) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.50 288.08 Td (For) Tj ET Q q 0 0 0 rg BT 481.79 288.08 Td ( the) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.30 280.08 Td (Quarters Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.00 268.08 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.00 268.08 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 254.57 Td (March31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.00 254.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 254.57 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 254.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 254.57 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 240.57 Td (June30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 240.57 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 240.57 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 226.57 Td (September30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 226.57 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 226.57 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 212.57 Td (December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 212.57 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 212.57 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 198.57 Td (Total for the Year Ended December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.00 198.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 198.57 Td (61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 198.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 198.57 Td (61) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 48.50 133.00 128.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.50 133.00 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 133.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 133.00 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 133.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 133.00 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 133.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 133.00 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 133.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 133.00 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 133.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 133.00 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 48.50 103.00 128.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.50 103.00 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 103.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 103.00 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 103.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 103.00 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 103.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 103.00 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 103.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 103.00 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 103.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 103.00 61.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176.5 169 m 236.5 169 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 169 m 240.5 169 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 169 m 301.5 169 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 169 m 305.5 169 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 169 m 365.5 169 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 169 m 369.5 169 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 169 m 430.5 169 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 169 m 434.5 169 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 169 m 495.5 169 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 169 m 499.5 169 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 169 m 560.5 169 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176.5 169 m 236.5 169 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176.5 148 m 236.5 148 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 169 m 240.5 169 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 148 m 240.5 148 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 169 m 301.5 169 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 148 m 301.5 148 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 169 m 365.5 169 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 148 m 365.5 148 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 169 m 369.5 169 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 148 m 369.5 148 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 169 m 430.5 169 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 148 m 430.5 148 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 169 m 495.5 169 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 148 m 495.5 148 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 169 m 560.5 169 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 148 m 560.5 148 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176.5 133 m 236.5 133 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 133 m 301.5 133 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 133 m 365.5 133 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 133 m 430.5 133 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 133 m 495.5 133 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 133 m 560.5 133 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176.5 103 m 236.5 103 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176.5 89 m 236.5 89 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176.5 87 m 236.5 87 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 103 m 301.5 103 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 89 m 301.5 89 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 87 m 301.5 87 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.05 173.23 Td (Years Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 212.80 160.23 Td (Metal Revenue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.90 152.23 Td (\(in millions\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.85 160.23 Td (T) Tj ET Q q 0 0 0 rg BT 355.45 160.23 Td (ons Sold) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.10 152.23 Td ( \(in thousands\) ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 390.79 155.86 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.00 160.23 Td (Tons Recovered) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.65 152.23 Td ( \(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 198.00 137.23 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 262.50 137.23 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.00 137.23 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.50 137.23 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.50 137.23 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 137.23 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 122.67 Td (Ferrous Metal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.00 122.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.65 122.67 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 122.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 122.67 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 122.67 Td (345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 122.67 Td (330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 122.67 Td (401) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 122.67 Td (353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 107.67 Td (Non-Ferrous Metal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.65 107.67 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 107.67 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 107.67 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 107.67 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 107.67 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 107.67 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 92.67 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.00 92.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.65 92.67 Td (61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 92.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 92.67 Td (61) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 73.50 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.74 73.50 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 73.50 Td (Represents the portion of total volume that is equivalent to Covanta) Tj ET Q q 0 0 0 rg BT 313.95 73.50 Td (s share of revenue under applicable client revenue sharing ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 62.70 Td (arrangements.) Tj ET Q endstream endobj 75 0 obj <>] /Rotate 0 /Contents 76 0 R>> endobj 76 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 742.10 Td (Recycled ) Tj ET Q q 0 0 0 rg BT 99.06 742.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 128.01 742.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 162.51 742.10 Td (was ) Tj ET Q q 0 0 0 rg BT 180.92 742.10 Td (flat ) Tj ET Q q 0 0 0 rg BT 197.10 742.10 Td (year) Tj ET Q q 0 0 0 rg BT 214.10 742.10 Td (-over) Tj ET Q q 0 0 0 rg BT 235.00 742.10 Td (-year) Tj ET Q q 0 0 0 rg BT 255.14 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 260.49 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 281.13 742.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 309.53 742.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 334.59 742.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 372.42 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 389.72 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.79 742.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 435.40 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.59 742.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 492.21 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 505.06 742.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 539.56 742.10 Td (sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 76.38 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 90.54 730.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 121.36 730.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 144.96 730.10 Td (of) Tj ET Q q 0 0 0 rg BT 153.11 730.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 170.04 730.10 Td (by ) Tj ET Q q 0 0 0 rg BT 182.54 730.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 207.81 730.10 Td (market ) Tj ET Q q 0 0 0 rg BT 238.08 730.10 Td (prices.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 704.7669921875 m 152.7392578125 704.7669921875 l s q 0 0 0 rg BT 50.00 706.10 Td (Other Operating Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 688.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 83.58 688.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 123.15 688.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 156.60 688.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 196.16 688.10 Td (by ) Tj ET Q q 0 0 0 rg BT 207.96 688.10 Td ($22 ) Tj ET Q q 0 0 0 rg BT 224.77 688.10 Td (million ) Tj ET Q q 0 0 0 rg BT 255.47 688.10 Td (for ) Tj ET Q q 0 0 0 rg BT 268.94 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.96 688.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 311.42 688.10 Td (month ) Tj ET Q q 0 0 0 rg BT 338.79 688.10 Td (comparative ) Tj ET Q q 0 0 0 rg BT 390.01 688.10 Td (period ) Tj ET Q q 0 0 0 rg BT 417.36 688.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 456.38 688.10 Td (due ) Tj ET Q q 0 0 0 rg BT 472.63 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.21 688.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 509.57 688.10 Td (construction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (revenue. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Operating Expense) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 638.7669921875 m 149.4189453125 638.7669921875 l s q 0 0 0 rg BT 50.00 640.10 Td (Plant Operating Expense) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 594.60 331.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 594.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 594.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 594.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 594.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 594.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 594.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 564.60 331.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 564.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 564.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 564.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 564.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 564.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 564.60 56.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 609.6 m 442.5 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 609.6 m 446.5 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 609.6 m 502.5 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 609.6 m 442.5 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 594.6 m 442.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 609.6 m 446.5 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 609.6 m 502.5 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 594.6 m 502.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 594.6 m 562.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 564.6 m 442.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 564.6 m 502.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 564.6 m 442.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 550.6 m 442.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 548.6 m 442.5 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 564.6 m 502.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 550.6 m 502.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 548.6 m 502.5 548.6 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 614.05 Td (Consolidated \(in millions\):) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.50 621.68 Td (For) Tj ET Q q 0 0 0 rg BT 421.79 621.68 Td (the) Tj ET Q q 0 0 0 rg BT 436.16 621.68 Td (Y) Tj ET Q q 0 0 0 rg BT 441.05 621.68 Td (earsEnded) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.25 613.68 Td (December) Tj ET Q q 0 0 0 rg BT 455.75 613.68 Td (31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.50 598.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.00 598.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.80 598.83 Td (Variance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 584.06 Td (Plant maintenance ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 121.48 588.14 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.00 584.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.50 584.06 Td (279) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.00 584.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 584.06 Td (270) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 509.00 584.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.50 584.06 Td (9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 570.86 Td (All other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.50 569.06 Td (898) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 569.06 Td (859) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 569.06 Td (39) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 555.86 Td (Plant operating expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.00 554.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.75 554.06 Td (1,177) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.00 554.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 554.06 Td (1,129) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 554.06 Td (48) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 539.30 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 68.00 539.30 Td (Plant maintenance costs include our internal maintenance team and non-facility employee costs for facility scheduled and unscheduled ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 528.50 Td (maintenance and repair expense.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 510.50 Td (Plant ) Tj ET Q q 0 0 0 rg BT 81.22 510.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 120.64 510.50 Td (expenses ) Tj ET Q q 0 0 0 rg BT 158.40 510.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 197.81 510.50 Td (by ) Tj ET Q q 0 0 0 rg BT 209.47 510.50 Td ($48 ) Tj ET Q q 0 0 0 rg BT 226.13 510.50 Td (million ) Tj ET Q q 0 0 0 rg BT 256.68 510.50 Td (for ) Tj ET Q q 0 0 0 rg BT 270.00 510.50 Td (the ) Tj ET Q q 0 0 0 rg BT 283.87 510.50 Td (twelve ) Tj ET Q q 0 0 0 rg BT 312.19 510.50 Td (month ) Tj ET Q q 0 0 0 rg BT 339.40 510.50 Td (comparable ) Tj ET Q q 0 0 0 rg BT 387.70 510.50 Td (period, ) Tj ET Q q 0 0 0 rg BT 417.41 510.50 Td (driven ) Tj ET Q q 0 0 0 rg BT 444.62 510.50 Td (primarily ) Tj ET Q q 0 0 0 rg BT 483.49 510.50 Td (by ) Tj ET Q q 0 0 0 rg BT 495.15 510.50 Td (higher ) Tj ET Q q 0 0 0 rg BT 522.35 510.50 Td (incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 498.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 108.02 498.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 142.70 498.50 Td (\($24 ) Tj ET Q q 0 0 0 rg BT 163.51 498.50 Td (million\), ) Tj ET Q q 0 0 0 rg BT 200.70 498.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 240.93 498.50 Td (EfW) Tj ET Q q 0 0 0 rg BT 259.63 498.50 Td ( ) Tj ET Q q 0 0 0 rg BT 262.10 498.50 Td (plant ) Tj ET Q q 0 0 0 rg BT 284.58 498.50 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 337.58 498.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 372.26 498.50 Td (\($17 ) Tj ET Q q 0 0 0 rg BT 393.07 498.50 Td (million\), ) Tj ET Q q 0 0 0 rg BT 430.26 498.50 Td (escalation ) Tj ET Q q 0 0 0 rg BT 472.72 498.50 Td (in ) Tj ET Q q 0 0 0 rg BT 482.97 498.50 Td (wages ) Tj ET Q q 0 0 0 rg BT 510.44 498.50 Td (and ) Tj ET Q q 0 0 0 rg BT 527.35 498.50 Td (benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 486.50 Td (\($16 ) Tj ET Q q 0 0 0 rg BT 70.52 486.50 Td (million\), ) Tj ET Q q 0 0 0 rg BT 107.42 486.50 Td (the ) Tj ET Q q 0 0 0 rg BT 121.82 486.50 Td (start-up ) Tj ET Q q 0 0 0 rg BT 154.56 486.50 Td (of ) Tj ET Q q 0 0 0 rg BT 165.07 486.50 Td (our ) Tj ET Q q 0 0 0 rg BT 180.59 486.50 Td (centralized ) Tj ET Q q 0 0 0 rg BT 226.63 486.50 Td (metals ) Tj ET Q q 0 0 0 rg BT 254.92 486.50 Td (processing ) Tj ET Q q 0 0 0 rg BT 299.87 486.50 Td (facility ) Tj ET Q q 0 0 0 rg BT 330.38 486.50 Td (\($4 ) Tj ET Q q 0 0 0 rg BT 345.89 486.50 Td (million\), ) Tj ET Q q 0 0 0 rg BT 382.80 486.50 Td (other ) Tj ET Q q 0 0 0 rg BT 405.53 486.50 Td (or) Tj ET Q q 0 0 0 rg BT 413.68 486.50 Td (ganic ) Tj ET Q q 0 0 0 rg BT 437.52 486.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 455.81 486.50 Td (increases ) Tj ET Q q 0 0 0 rg BT 494.64 486.50 Td (\($5 ) Tj ET Q q 0 0 0 rg BT 510.16 486.50 Td (million\) ) Tj ET Q q 0 0 0 rg BT 544.57 486.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 474.50 Td (the ) Tj ET Q q 0 0 0 rg BT 64.42 474.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 93.83 474.50 Td (of ) Tj ET Q q 0 0 0 rg BT 104.36 474.50 Td (contract ) Tj ET Q q 0 0 0 rg BT 138.76 474.50 Td (transitions ) Tj ET Q q 0 0 0 rg BT 182.62 474.50 Td (\($4 ) Tj ET Q q 0 0 0 rg BT 198.15 474.50 Td (million\), ) Tj ET Q q 0 0 0 rg BT 235.08 474.50 Td (partially ) Tj ET Q q 0 0 0 rg BT 270.60 474.50 Td (of) Tj ET Q q 0 0 0 rg BT 278.75 474.50 Td (fset ) Tj ET Q q 0 0 0 rg BT 295.38 474.50 Td (by ) Tj ET Q q 0 0 0 rg BT 307.58 474.50 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 360.05 474.50 Td (as ) Tj ET Q q 0 0 0 rg BT 370.58 474.50 Td (noted ) Tj ET Q q 0 0 0 rg BT 394.99 474.50 Td (above, ) Tj ET Q q 0 0 0 rg BT 423.57 474.50 Td (reducing ) Tj ET Q q 0 0 0 rg BT 460.75 474.50 Td (plant ) Tj ET Q q 0 0 0 rg BT 482.95 474.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 522.91 474.50 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 462.50 Td (by ) Tj ET Q q 0 0 0 rg BT 62.50 462.50 Td ($22 ) Tj ET Q q 0 0 0 rg BT 80.00 462.50 Td (million ) Tj ET Q q 0 0 0 rg BT 111.39 462.50 Td (on ) Tj ET Q q 0 0 0 rg BT 123.89 462.50 Td (a ) Tj ET Q q 0 0 0 rg BT 130.83 462.50 Td (net ) Tj ET Q q 0 0 0 rg BT 145.55 462.50 Td (basis.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 443.1669921875 m 151.630859375 443.1669921875 l s q 0 0 0 rg BT 50.00 444.50 Td (Other Operating Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 426.50 Td (Other ) Tj ET Q q 0 0 0 rg BT 83.48 426.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 122.95 426.50 Td (expenses ) Tj ET Q q 0 0 0 rg BT 160.76 426.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 200.22 426.50 Td (by ) Tj ET Q q 0 0 0 rg BT 211.93 426.50 Td ($13 ) Tj ET Q q 0 0 0 rg BT 228.64 426.50 Td (million ) Tj ET Q q 0 0 0 rg BT 259.24 426.50 Td (for ) Tj ET Q q 0 0 0 rg BT 272.61 426.50 Td (the ) Tj ET Q q 0 0 0 rg BT 286.53 426.50 Td (twelve ) Tj ET Q q 0 0 0 rg BT 314.90 426.50 Td (month ) Tj ET Q q 0 0 0 rg BT 342.16 426.50 Td (comparable ) Tj ET Q q 0 0 0 rg BT 390.51 426.50 Td (period ) Tj ET Q q 0 0 0 rg BT 417.77 426.50 Td (primarily ) Tj ET Q q 0 0 0 rg BT 456.69 426.50 Td (due ) Tj ET Q q 0 0 0 rg BT 472.84 426.50 Td (to ) Tj ET Q q 0 0 0 rg BT 482.33 426.50 Td (higher ) Tj ET Q q 0 0 0 rg BT 509.58 426.50 Td (construction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 414.50 Td (expense,) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 84.71 414.50 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 87.21 414.50 Td (partially ) Tj ET Q q 0 0 0 rg BT 123.03 414.50 Td (of) Tj ET Q q 0 0 0 rg BT 131.18 414.50 Td (fset ) Tj ET Q q 0 0 0 rg BT 148.12 414.50 Td (by ) Tj ET Q q 0 0 0 rg BT 160.62 414.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 200.87 414.50 Td (insurance ) Tj ET Q q 0 0 0 rg BT 241.68 414.50 Td (recoveries.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 396.50 Td (For ) Tj ET Q q 0 0 0 rg BT 75.39 396.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 117.88 396.50 Td (information, ) Tj ET Q q 0 0 0 rg BT 170.08 396.50 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 185.35 396.50 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 215.61 396.50 Td (Financial ) Tj ET Q q 0 0 0 rg BT 256.99 396.50 Td (Statements ) Tj ET Q q 0 0 0 rg BT 302.63 396.50 Td (And ) Tj ET Q q 0 0 0 rg BT 321.24 396.50 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 383.72 396.50 Td (Data ) Tj ET Q q 0 0 0 rg BT 406.22 396.50 Td (- ) Tj ET Q q 0 0 0 rg BT 412.04 396.50 Td (Note ) Tj ET Q q 0 0 0 rg BT 433.43 396.50 Td (14.Supplementary ) Tj ET Q q 0 0 0 rg BT 508.41 396.50 Td (Information ) Tj ET Q q 0 0 0 rg BT 558.68 396.50 Td (- ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 384.50 Td (Other ) Tj ET Q q 0 0 0 rg BT 75.83 384.50 Td (Operating ) Tj ET Q q 0 0 0 rg BT 119.44 384.50 Td (Expenses.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 359.7669921875 m 196.8994140625 359.7669921875 l s q 0 0 0 rg BT 50.00 361.10 Td (General and ) Tj ET Q q 0 0 0 rg BT 100.53 361.10 Td (Administrative Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 343.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 114.12 343.10 Td (general ) Tj ET Q q 0 0 0 rg BT 145.88 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.67 343.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 222.22 343.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 260.66 343.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 300.76 343.10 Td (for ) Tj ET Q q 0 0 0 rg BT 314.76 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.32 343.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 358.32 343.10 Td (month ) Tj ET Q q 0 0 0 rg BT 386.22 343.10 Td (comparative ) Tj ET Q q 0 0 0 rg BT 437.98 343.10 Td (period ) Tj ET Q q 0 0 0 rg BT 465.88 343.10 Td (by ) Tj ET Q q 0 0 0 rg BT 478.22 343.10 Td ($7 ) Tj ET Q q 0 0 0 rg BT 490.56 343.10 Td (million ) Tj ET Q q 0 0 0 rg BT 521.80 343.10 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (due ) Tj ET Q q 0 0 0 rg BT 66.94 331.10 Td (to ) Tj ET Q q 0 0 0 rg BT 77.22 331.10 Td (an ) Tj ET Q q 0 0 0 rg BT 89.16 331.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 124.41 331.10 Td (in ) Tj ET Q q 0 0 0 rg BT 134.69 331.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 173.84 331.10 Td (compensation. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 311.7669921875 m 131.73828125 311.7669921875 l s q 0 0 0 rg BT 50.00 313.10 Td (Impairment Char) Tj ET Q q 0 0 0 rg BT 118.41 313.10 Td (ges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 295.10 Td (During ) Tj ET Q q 0 0 0 rg BT 90.13 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.15 295.10 Td (year ) Tj ET Q q 0 0 0 rg BT 125.15 295.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 151.83 295.10 Td (December ) Tj ET Q q 0 0 0 rg BT 195.72 295.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 211.02 295.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 236.32 295.10 Td (we ) Tj ET Q q 0 0 0 rg BT 250.78 295.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 288.55 295.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 327.45 295.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 376.35 295.10 Td (char) Tj ET Q q 0 0 0 rg BT 393.38 295.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 409.51 295.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.34 295.10 Td ($20 ) Tj ET Q q 0 0 0 rg BT 438.14 295.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.03 295.10 Td (, ) Tj ET Q q 0 0 0 rg BT 472.33 295.10 Td (pre-tax, ) Tj ET Q q 0 0 0 rg BT 505.95 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.08 295.10 Td (which$13 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (million ) Tj ET Q q 0 0 0 rg BT 82.17 283.10 Td (related ) Tj ET Q q 0 0 0 rg BT 112.65 283.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.71 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.21 283.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 184.71 283.10 Td (planned ) Tj ET Q q 0 0 0 rg BT 219.64 283.10 Td (closure ) Tj ET Q q 0 0 0 rg BT 251.80 283.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.41 283.10 Td (our ) Tj ET Q q 0 0 0 rg BT 280.02 283.10 Td (Pittsfield ) Tj ET Q q 0 0 0 rg BT 319.41 283.10 Td (EfW) Tj ET Q q 0 0 0 rg BT 338.11 283.10 Td ( ) Tj ET Q q 0 0 0 rg BT 341.39 283.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 372.99 283.10 Td (which ) Tj ET Q q 0 0 0 rg BT 400.71 283.10 Td (is ) Tj ET Q q 0 0 0 rg BT 410.66 283.10 Td (now ) Tj ET Q q 0 0 0 rg BT 431.16 283.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 469.97 283.10 Td (to ) Tj ET Q q 0 0 0 rg BT 481.03 283.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 518.75 283.10 Td (operating, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (and$3 ) Tj ET Q q 0 0 0 rg BT 80.18 271.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 114.81 271.10 Td (pre-tax, ) Tj ET Q q 0 0 0 rg BT 148.87 271.10 Td (related ) Tj ET Q q 0 0 0 rg BT 179.32 271.10 Td (to ) Tj ET Q q 0 0 0 rg BT 190.34 271.10 Td (our ) Tj ET Q q 0 0 0 rg BT 206.67 271.10 Td (T) Tj ET Q q 0 0 0 rg BT 212.08 271.10 Td (artech ) Tj ET Q q 0 0 0 rg BT 239.75 271.10 Td (investment. ) Tj ET Q q 0 0 0 rg BT 289.38 271.10 Td (During ) Tj ET Q q 0 0 0 rg BT 320.95 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.41 271.10 Td (year ) Tj ET Q q 0 0 0 rg BT 356.86 271.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 383.97 271.10 Td (December ) Tj ET Q q 0 0 0 rg BT 428.30 271.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 444.04 271.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 469.79 271.10 Td (we ) Tj ET Q q 0 0 0 rg BT 484.69 271.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 522.91 271.10 Td (non-cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 99.90 259.10 Td (char) Tj ET Q q 0 0 0 rg BT 116.93 259.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 134.06 259.10 Td (totaling ) Tj ET Q q 0 0 0 rg BT 168.42 259.10 Td ($43 ) Tj ET Q q 0 0 0 rg BT 187.23 259.10 Td (million ) Tj ET Q q 0 0 0 rg BT 219.92 259.10 Td (related ) Tj ET Q q 0 0 0 rg BT 250.93 259.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.51 259.10 Td (our ) Tj ET Q q 0 0 0 rg BT 279.65 259.10 Td (biomass ) Tj ET Q q 0 0 0 rg BT 316.23 259.10 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 356.96 259.10 Td (For ) Tj ET Q q 0 0 0 rg BT 374.66 259.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 418.45 259.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 471.97 259.10 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 488.54 259.10 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 520.12 259.10 Td (Financial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 95.64 247.10 Td (And ) Tj ET Q q 0 0 0 rg BT 114.25 247.10 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 176.74 247.10 Td (Data ) Tj ET Q q 0 0 0 rg BT 199.24 247.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 210.63 247.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 232.02 247.10 Td (14.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 244.52 247.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 247.02 247.10 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 309.50 247.10 Td (Information) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 357.28 247.10 Td ( ) Tj ET Q q 0 0 0 rg BT 359.78 247.10 Td ( ) Tj ET Q q 0 0 0 rg BT 371.17 247.10 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 420.33 247.10 Td (Char) Tj ET Q q 0 0 0 rg BT 440.52 247.10 Td (ges. ) Tj ET Q endstream endobj 77 0 obj <>] /Rotate 0 /Contents 78 0 R>> endobj 78 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 29.60 Td (38) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 744.25 Td (RESUL) Tj ET Q q 0 0 0 rg BT 81.93 744.25 Td (TS OF) Tj ET Q q 0 0 0 rg BT 110.17 744.25 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 146.93 744.25 Td (TIONS OPERA) Tj ET Q q 0 0 0 rg BT 227.31 744.25 Td (TING INCOME) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 732.25 Td (Y) Tj ET Q q 0 0 0 rg BT 55.61 732.25 Td (ear) Tj ET Q q 0 0 0 rg BT 69.31 732.25 Td ( Ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 102.10 732.25 Td (December) Tj ET Q q 0 0 0 rg BT 145.23 732.25 Td (31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.73 732.25 Td ( vs. ) Tj ET Q q 0 0 0 rg BT 198.75 732.25 Td (Y) Tj ET Q q 0 0 0 rg BT 204.86 732.25 Td (ear) Tj ET Q q 0 0 0 rg BT 218.56 732.25 Td ( Ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.35 732.25 Td (December) Tj ET Q q 0 0 0 rg BT 294.48 732.25 Td (31, 2014) Tj ET Q BT /F2 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 666.75 202.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.00 666.75 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 666.75 4.00 -14.00 re 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(\(32) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 615.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 601.21 Td (Other operating revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.50 601.21 Td (59) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.50 601.21 Td (97) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 601.21 Td (\(38) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 601.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 587.21 Td (Total operating revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.25 587.21 Td (1,645) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.25 587.21 Td (1,682) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 587.21 Td (\(37) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 587.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 573.21 Td (OPERATING EXPENSE:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 559.21 Td (Plant operating expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.25 559.21 Td (1,129) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.25 559.21 Td (1,055) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 559.21 Td (74) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 545.21 Td (Other operating expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.50 545.21 Td (73) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.00 545.21 Td (101) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 545.21 Td (\(28) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 545.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 531.21 Td (General and administrative expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.50 531.21 Td (93) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.50 531.21 Td (97) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.00 531.21 Td (\(4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 531.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 517.21 Td (Depreciation and amortization expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.00 517.21 Td (198) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.00 517.21 Td (211) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 517.21 Td (\(13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 517.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 503.21 Td (Impairment charges) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.50 503.21 Td (43) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.50 503.21 Td (64) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 503.21 Td (\(21) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 503.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 489.21 Td (Total operating expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.25 489.21 Td (1,536) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.25 489.21 Td (1,528) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 489.21 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 475.21 Td (Operating income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 253.50 475.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.00 475.21 Td (109) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 358.50 475.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.00 475.21 Td (154) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.50 475.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 475.21 Td (\(45) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 475.21 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 453.25 Td (Operating Revenue) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 433.9169921875 m 160.59375 433.9169921875 l s q 0 0 0 rg BT 49.50 435.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 435.25 Td (aste and Service Revenue) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 384.75 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.00 384.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 384.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 384.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 384.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 384.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 384.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 354.75 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.00 354.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 354.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 354.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 354.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 354.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 354.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 324.75 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.00 324.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 324.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 324.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 324.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 324.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 324.75 58.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 397.75 m 439 397.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 397.75 m 443 397.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 397.75 m 501 397.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 384.75 m 439 384.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 397.75 m 501 397.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 384.75 m 501 384.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 384.75 m 563 384.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 384.75 m 439 384.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 384.75 m 501 384.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 384.75 m 563 384.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 309.75 m 439 309.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 309.75 m 501 309.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 295.75 m 439 295.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 293.75 m 439 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 295.75 m 501 295.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 293.75 m 501 293.75 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 61.50 402.20 Td (Consolidated \(in millions\):) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.50 409.98 Td (For the Years Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.25 401.98 Td (December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.50 389.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.50 388.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.50 388.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.30 388.98 Td (Variance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 374.42 Td (EfW waste and service revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.50 374.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 374.42 Td (929) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.50 374.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 374.42 Td (933) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.50 374.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 374.47 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 374.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 359.42 Td (Environmental services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 359.42 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 359.42 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 359.42 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 344.42 Td (Municipal services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 344.42 Td (159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 344.42 Td (93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 344.42 Td (66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 329.42 Td (Other revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 329.42 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 329.42 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 329.47 Td (\(9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 329.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 314.42 Td (Intercompany) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.80 314.47 Td (\(78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 314.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.80 314.47 Td (\(50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 314.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 314.47 Td (\(28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 314.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 299.42 Td (Total waste and service revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.50 299.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 299.42 Td (1,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.50 299.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 299.42 Td (1,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 299.42 Td (72) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 247.75 321.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 247.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.00 247.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 247.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 247.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 247.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 247.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 217.75 321.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 217.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.00 217.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 217.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 217.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 217.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 217.75 57.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384 260.75 m 441 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 260.75 m 445 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 260.75 m 502 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384 247.75 m 441 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 260.75 m 502 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 247.75 m 502 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 247.75 m 563 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384 247.75 m 441 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 247.75 m 502 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384 217.75 m 441 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 217.75 m 502 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384 217.75 m 441 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384 203.75 m 441 203.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384 201.75 m 441 201.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 217.75 m 502 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 203.75 m 502 203.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 201.75 m 502 201.75 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 61.50 265.20 Td (North ) Tj ET Q q 0 0 0 rg BT 85.42 265.20 Td (America Segment - EfW) Tj ET Q q 0 0 0 rg BT 175.51 265.20 Td ( Facilities - T) Tj ET Q q 0 0 0 rg BT 224.42 265.20 Td (ons Received ) Tj ET Q BT /F4 9.00 Tf ET BT /F4 5.85 Tf ET q 0 0 0 rg BT 274.91 269.28 Td (\(1\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 281.73 265.20 Td ( \(in millions\):) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.50 272.98 Td (For the Years Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.25 264.98 Td (December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.50 252.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.00 251.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.00 251.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.80 251.98 Td (Variance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 237.42 Td (Contracted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 237.42 Td (17.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 237.42 Td (16.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.75 237.42 Td (1.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 222.42 Td (Uncontracted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 222.42 Td (2.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 222.42 Td (2.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.40 222.42 Td (\(0.5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 207.42 Td (Total Tons) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 207.42 Td (19.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 207.42 Td (18.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.75 207.42 Td (0.7) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 189.45 Td (\(1\) Includes solid tons only) Tj ET Q q 0 0 0 rg BT 156.41 189.45 Td (. Does not include contribution from China investments. Certain amounts may not total due to rounding.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 160.65 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 160.65 Td (aste ) Tj ET Q q 0 0 0 rg BT 84.28 160.65 Td (and ) Tj ET Q q 0 0 0 rg BT 100.32 160.65 Td (service ) Tj ET Q q 0 0 0 rg BT 130.24 160.65 Td (revenue ) Tj ET Q q 0 0 0 rg BT 163.48 160.65 Td (increased ) Tj ET Q q 0 0 0 rg BT 202.83 160.65 Td (by ) Tj ET Q q 0 0 0 rg BT 214.43 160.65 Td ($72 ) Tj ET Q q 0 0 0 rg BT 231.03 160.65 Td (million ) Tj ET Q q 0 0 0 rg BT 261.52 160.65 Td (year) Tj ET Q q 0 0 0 rg BT 278.53 160.65 Td (-over) Tj ET Q q 0 0 0 rg BT 299.43 160.65 Td (-year) Tj ET Q q 0 0 0 rg BT 319.56 160.65 Td (, ) Tj ET Q q 0 0 0 rg BT 323.66 160.65 Td (driven ) Tj ET Q q 0 0 0 rg BT 350.81 160.65 Td (by ) Tj ET Q q 0 0 0 rg BT 362.41 160.65 Td (or) Tj ET Q q 0 0 0 rg BT 370.56 160.65 Td (ganic ) Tj ET Q q 0 0 0 rg BT 393.81 160.65 Td (growth ) Tj ET Q q 0 0 0 rg BT 423.74 160.65 Td (of ) Tj ET Q q 0 0 0 rg BT 433.67 160.65 Td ($13 ) Tj ET Q q 0 0 0 rg BT 450.27 160.65 Td (million ) Tj ET Q q 0 0 0 rg BT 480.76 160.65 Td (and ) Tj ET Q q 0 0 0 rg BT 496.80 160.65 Td (net ) Tj ET Q q 0 0 0 rg BT 510.61 160.65 Td (contribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 148.65 Td (from ) Tj ET Q q 0 0 0 rg BT 70.91 148.65 Td (transactions ) Tj ET Q q 0 0 0 rg BT 120.64 148.65 Td (of ) Tj ET Q q 0 0 0 rg BT 130.94 148.65 Td ($85 ) Tj ET Q q 0 0 0 rg BT 147.91 148.65 Td (million, ) Tj ET Q q 0 0 0 rg BT 181.27 148.65 Td (partially ) Tj ET Q q 0 0 0 rg BT 216.57 148.65 Td (of) Tj ET Q q 0 0 0 rg BT 224.71 148.65 Td (fset ) Tj ET Q q 0 0 0 rg BT 241.12 148.65 Td (by ) Tj ET Q q 0 0 0 rg BT 253.09 148.65 Td (a ) Tj ET Q q 0 0 0 rg BT 259.50 148.65 Td (decline ) Tj ET Q q 0 0 0 rg BT 290.34 148.65 Td (of ) Tj ET Q q 0 0 0 rg BT 300.65 148.65 Td ($26 ) Tj ET Q q 0 0 0 rg BT 317.62 148.65 Td (million ) Tj ET Q q 0 0 0 rg BT 348.48 148.65 Td (related ) Tj ET Q q 0 0 0 rg BT 377.65 148.65 Td (to ) Tj ET Q q 0 0 0 rg BT 387.40 148.65 Td (contract ) Tj ET Q q 0 0 0 rg BT 421.57 148.65 Td (transitions. ) Tj ET Q q 0 0 0 rg BT 467.56 148.65 Td (W) Tj ET Q q 0 0 0 rg BT 476.60 148.65 Td (ithin ) Tj ET Q q 0 0 0 rg BT 496.91 148.65 Td (or) Tj ET Q q 0 0 0 rg BT 505.06 148.65 Td (ganic ) Tj ET Q q 0 0 0 rg BT 528.68 148.65 Td (growth, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 136.65 Td (EfW) Tj ET Q q 0 0 0 rg BT 68.20 136.65 Td ( ) Tj ET Q q 0 0 0 rg BT 71.37 136.65 Td (waste ) Tj ET Q q 0 0 0 rg BT 97.31 136.65 Td (processing ) Tj ET Q q 0 0 0 rg BT 143.25 136.65 Td (revenue ) Tj ET Q q 0 0 0 rg BT 178.07 136.65 Td (increased ) Tj ET Q q 0 0 0 rg BT 219.00 136.65 Td ($1) Tj ET Q q 0 0 0 rg BT 228.63 136.65 Td (1 ) Tj ET Q q 0 0 0 rg BT 236.80 136.65 Td (million ) Tj ET Q q 0 0 0 rg BT 268.86 136.65 Td (\(1.1%\) ) Tj ET Q q 0 0 0 rg BT 299.53 136.65 Td (due ) Tj ET Q q 0 0 0 rg BT 317.14 136.65 Td (to ) Tj ET Q q 0 0 0 rg BT 328.09 136.65 Td (price ) Tj ET Q q 0 0 0 rg BT 351.25 136.65 Td (and ) Tj ET Q q 0 0 0 rg BT 368.86 136.65 Td ($1 ) Tj ET Q q 0 0 0 rg BT 382.03 136.65 Td (million ) Tj ET Q q 0 0 0 rg BT 414.10 136.65 Td (\(0.1%\) ) Tj ET Q q 0 0 0 rg BT 444.76 136.65 Td (due ) Tj ET Q q 0 0 0 rg BT 462.37 136.65 Td (to ) Tj ET Q q 0 0 0 rg BT 473.32 136.65 Td (volume. ) Tj ET Q q 0 0 0 rg BT 508.76 136.65 Td (T) Tj ET Q q 0 0 0 rg BT 514.52 136.65 Td (ransactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 124.65 Td (impacting ) Tj ET Q q 0 0 0 rg BT 92.47 124.65 Td (revenue ) Tj ET Q q 0 0 0 rg BT 127.10 124.65 Td (in ) Tj ET Q q 0 0 0 rg BT 137.86 124.65 Td (the ) Tj ET Q q 0 0 0 rg BT 153.05 124.65 Td (period ) Tj ET Q q 0 0 0 rg BT 181.58 124.65 Td (included ) Tj ET Q q 0 0 0 rg BT 219.00 124.65 Td (environmental ) Tj ET Q q 0 0 0 rg BT 279.74 124.65 Td (services ) Tj ET Q q 0 0 0 rg BT 314.92 124.65 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 365.68 124.65 Td (\($27 ) Tj ET Q q 0 0 0 rg BT 386.99 124.65 Td (million\) ) Tj ET Q q 0 0 0 rg BT 422.19 124.65 Td (and ) Tj ET Q q 0 0 0 rg BT 439.61 124.65 Td (the ) Tj ET Q q 0 0 0 rg BT 454.81 124.65 Td (start-up ) Tj ET Q q 0 0 0 rg BT 488.34 124.65 Td (of ) Tj ET Q q 0 0 0 rg BT 499.65 124.65 Td (the ) Tj ET Q q 0 0 0 rg BT 514.85 124.65 Td (NYC ) Tj ET Q q 0 0 0 rg BT 538.94 124.65 Td (MTS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 112.65 Td (contract.) Tj ET Q endstream endobj 79 0 obj <>] /Rotate 0 /Contents 80 0 R>> endobj 80 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 29.60 Td (39) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 742.7669921875 m 115.681640625 742.7669921875 l s q 0 0 0 rg BT 49.50 744.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 68.20 744.10 Td (gy Revenue) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 693.60 326.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 693.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 693.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 693.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 693.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 693.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 693.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 664.60 326.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 664.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 664.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 664.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 664.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 664.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 664.60 58.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 706.6 m 438 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 706.6 m 442 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 706.6 m 500 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 706.6 m 438 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 693.6 m 438 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 706.6 m 442 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 706.6 m 500 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 693.6 m 500 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 693.6 m 562 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 693.6 m 500 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 649.6 m 438 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 635.6 m 438 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 633.6 m 438 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 649.6 m 500 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 635.6 m 500 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 633.6 m 500 633.6 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 52.50 711.05 Td (Consolidated ) Tj ET Q BT /F4 9.00 Tf ET BT /F4 5.85 Tf ET q 0 0 0 rg BT 103.26 715.13 Td (\(1\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 110.08 711.05 Td ( \(in millions\):) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.50 718.83 Td (For the Years Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.25 710.83 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.50 697.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.50 697.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.30 697.83 Td (Variance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 683.27 Td (EfW energy sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.50 683.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 683.06 Td (308) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.50 683.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.00 683.06 Td (325) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.50 683.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 683.06 Td (\(17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 683.06 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 669.17 Td (EfW capacity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.50 669.06 Td (38) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.50 669.06 Td (32) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 669.06 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 654.27 Td (Other revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.50 654.06 Td (75) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.00 654.06 Td (103) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 654.06 Td (\(28) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 654.06 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 639.27 Td (Total energy revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.50 639.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 639.06 Td (421) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.50 639.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.00 639.06 Td (460) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 639.06 Td (\(39) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 639.06 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 618.30 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 62.94 618.30 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 95.87 618.30 Td (share ) Tj ET Q q 0 0 0 rg BT 117.80 618.30 Td (only) Tj ET Q q 0 0 0 rg BT 133.21 618.30 Td (. ) Tj ET Q q 0 0 0 rg BT 138.41 618.30 Td (EfW) Tj ET Q q 0 0 0 rg BT 155.23 618.30 Td ( ) Tj ET Q q 0 0 0 rg BT 158.17 618.30 Td (excludes ) Tj ET Q q 0 0 0 rg BT 192.60 618.30 Td (contribution ) Tj ET Q q 0 0 0 rg BT 239.54 618.30 Td (from ) Tj ET Q q 0 0 0 rg BT 259.97 618.30 Td (China ) Tj ET Q q 0 0 0 rg BT 284.41 618.30 Td (investments. ) Tj ET Q q 0 0 0 rg BT 332.60 618.30 Td (Represents ) Tj ET Q q 0 0 0 rg BT 375.03 618.30 Td (the ) Tj ET Q q 0 0 0 rg BT 388.96 618.30 Td (sale ) Tj ET Q q 0 0 0 rg BT 405.90 618.30 Td (of ) Tj ET Q q 0 0 0 rg BT 416.33 618.30 Td (electricity ) Tj ET Q q 0 0 0 rg BT 455.25 618.30 Td (and ) Tj ET Q q 0 0 0 rg BT 471.19 618.30 Td (steam ) Tj ET Q q 0 0 0 rg BT 495.12 618.30 Td (based ) Tj ET Q q 0 0 0 rg BT 518.55 618.30 Td (upon ) Tj ET Q q 0 0 0 rg BT 539.50 618.30 Td (output ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 607.50 Td (delivered ) Tj ET Q q 0 0 0 rg BT 85.23 607.50 Td (and ) Tj ET Q q 0 0 0 rg BT 100.48 607.50 Td (capacity ) Tj ET Q q 0 0 0 rg BT 132.71 607.50 Td (provided. ) Tj ET Q q 0 0 0 rg BT 169.20 607.50 Td (Certain ) Tj ET Q q 0 0 0 rg BT 197.94 607.50 Td (amounts ) Tj ET Q q 0 0 0 rg BT 230.69 607.50 Td (may ) Tj ET Q q 0 0 0 rg BT 248.43 607.50 Td (not ) Tj ET Q q 0 0 0 rg BT 262.18 607.50 Td (total ) Tj ET Q q 0 0 0 rg BT 280.43 607.50 Td (due ) Tj ET Q q 0 0 0 rg BT 295.67 607.50 Td (to ) Tj ET Q q 0 0 0 rg BT 304.92 607.50 Td (rounding.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 526.20 134.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.00 526.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.00 526.20 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 526.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.00 526.20 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 526.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 526.20 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 526.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.00 526.20 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 526.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 526.20 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 526.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 526.20 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 526.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 526.20 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 526.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.00 526.20 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 497.20 134.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.00 497.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.00 497.20 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 497.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.00 497.20 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 497.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 497.20 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 497.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.00 497.20 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 497.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 497.20 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 497.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 497.20 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 497.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 497.20 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 497.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.00 497.20 38.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 571.2 m 234 571.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 571.2 m 238 571.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238 571.2 m 289 571.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 571.2 m 293 571.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 571.2 m 331 571.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 571.2 m 335 571.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 571.2 m 381 571.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 571.2 m 385 571.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 571.2 m 433 571.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 571.2 m 437 571.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 571.2 m 474 571.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 571.2 m 234 571.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 556.2 m 234 556.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 571.2 m 238 571.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 556.2 m 238 556.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238 571.2 m 289 571.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238 556.2 m 289 556.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 571.2 m 293 571.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 556.2 m 293 556.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 571.2 m 331 571.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 556.2 m 331 556.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 571.2 m 335 571.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 571.2 m 381 571.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 556.2 m 381 556.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 571.2 m 385 571.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 556.2 m 385 556.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 571.2 m 433 571.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 556.2 m 433 556.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 571.2 m 437 571.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 556.2 m 437 556.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 571.2 m 474 571.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 556.2 m 474 556.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 556.2 m 515 556.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 556.2 m 519 556.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519 556.2 m 557 556.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 526.2 m 234 526.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238 526.2 m 289 526.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 526.2 m 331 526.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 526.2 m 381 526.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 526.2 m 433 526.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 526.2 m 474 526.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 526.2 m 515 526.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519 526.2 m 557 526.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 526.2 m 515 526.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519 526.2 m 557 526.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 482.2 m 234 482.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 468.2 m 234 468.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 466.2 m 234 466.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238 482.2 m 289 482.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238 468.2 m 289 468.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238 466.2 m 289 466.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 482.2 m 331 482.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 468.2 m 331 468.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 466.2 m 331 466.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 482.2 m 381 482.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 468.2 m 381 468.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 466.2 m 381 466.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 482.2 m 433 482.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 468.2 m 433 468.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 466.2 m 433 466.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 482.2 m 474 482.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 468.2 m 474 468.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 466.2 m 474 466.2 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.55 575.43 Td (Years Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 251.00 560.43 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.00 560.43 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.80 560.43 Td (Variance) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 52.50 530.65 Td (Total EfW \(in millions\):) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 191.80 530.43 Td (Revenue ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 223.13 534.06 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 242.65 530.43 Td (V) Tj ET Q q 0 0 0 rg BT 247.69 530.43 Td (olume) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 268.58 534.06 Td (\(1\), \(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.15 546.43 Td (% of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.75 538.43 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.50 530.43 Td (Volume) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.80 530.43 Td (Revenue ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 370.13 534.06 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.15 530.43 Td (V) Tj ET Q q 0 0 0 rg BT 393.19 530.43 Td (olume) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 414.08 534.06 Td (\(1\), \(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.65 546.43 Td (% of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.25 538.43 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.00 530.43 Td (Volume) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.30 530.43 Td (Revenue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.50 530.43 Td (Volume) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 515.66 Td ( At Market) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 190.50 515.66 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 221.50 515.66 Td (46) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 274.25 515.66 Td (1.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.00 515.66 Td (24) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.00 515.66 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.50 515.66 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.50 515.66 Td (52) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.25 515.66 Td (1.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 515.87 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 515.87 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 515.66 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 515.66 Td (\(6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 511.50 515.66 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.25 515.66 Td (0.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 501.66 Td ( Contracted) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 217.00 501.66 Td (238) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 274.25 501.66 Td (3.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.00 501.66 Td (53) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.00 501.66 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.00 501.66 Td (247) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.25 501.66 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 501.77 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 501.77 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 501.66 Td (\(9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 511.50 501.66 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 501.66 Td (\(0.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.50 501.66 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 486.66 Td ( Hedged) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 221.50 486.66 Td (62) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 274.25 486.66 Td (1.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.00 486.66 Td (23) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.00 486.66 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.50 486.66 Td (59) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.25 486.66 Td (1.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 486.87 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 486.87 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.00 486.66 Td (3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.50 486.66 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 471.66 Td (Total EfW) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 190.50 471.66 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 217.00 471.66 Td (346) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 274.25 471.66 Td (5.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 309.50 471.66 Td (100) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.00 471.66 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.50 471.66 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.00 471.66 Td (358) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.25 471.66 Td (5.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.10 471.87 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 471.87 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 471.66 Td (\(12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 511.50 471.66 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.25 471.66 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 447.90 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 62.24 447.90 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 94.49 447.90 Td (share ) Tj ET Q q 0 0 0 rg BT 115.73 447.90 Td (only) Tj ET Q q 0 0 0 rg BT 131.14 447.90 Td (. ) Tj ET Q q 0 0 0 rg BT 135.64 447.90 Td (EfW) Tj ET Q q 0 0 0 rg BT 152.47 447.90 Td ( ) Tj ET Q q 0 0 0 rg BT 154.72 447.90 Td (excludes ) Tj ET Q q 0 0 0 rg BT 188.46 447.90 Td (China. ) Tj ET Q q 0 0 0 rg BT 214.45 447.90 Td (Represents ) Tj ET Q q 0 0 0 rg BT 256.19 447.90 Td (the ) Tj ET Q q 0 0 0 rg BT 269.44 447.90 Td (sale ) Tj ET Q q 0 0 0 rg BT 285.68 447.90 Td (of ) Tj ET Q q 0 0 0 rg BT 295.43 447.90 Td (electricity ) Tj ET Q q 0 0 0 rg BT 333.65 447.90 Td (and ) Tj ET Q q 0 0 0 rg BT 348.90 447.90 Td (steam ) Tj ET Q q 0 0 0 rg BT 372.14 447.90 Td (based ) Tj ET Q q 0 0 0 rg BT 394.88 447.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 415.13 447.90 Td (output ) Tj ET Q q 0 0 0 rg BT 440.38 447.90 Td (delivered ) Tj ET Q q 0 0 0 rg BT 476.12 447.90 Td (and ) Tj ET Q q 0 0 0 rg BT 491.36 447.90 Td (capacity ) Tj ET Q q 0 0 0 rg BT 523.59 447.90 Td (provided.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 62.24 437.10 Td (Steam ) Tj ET Q q 0 0 0 rg BT 86.99 437.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 124.72 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.97 437.10 Td (MWh ) Tj ET Q q 0 0 0 rg BT 157.22 437.10 Td (at ) Tj ET Q q 0 0 0 rg BT 165.96 437.10 Td (an ) Tj ET Q q 0 0 0 rg BT 176.71 437.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 209.95 437.10 Td (average ) Tj ET Q q 0 0 0 rg BT 240.18 437.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 255.92 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.66 437.10 Td (1) Tj ET Q q 0 0 0 rg BT 269.83 437.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 276.58 437.10 Td (klbs ) Tj ET Q q 0 0 0 rg BT 293.83 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.58 437.10 Td (steam ) Tj ET Q q 0 0 0 rg BT 326.82 437.10 Td (/ ) Tj ET Q q 0 0 0 rg BT 331.57 437.10 Td (MWh.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 426.30 Td (Certain ) Tj ET Q q 0 0 0 rg BT 78.24 426.30 Td (amounts ) Tj ET Q q 0 0 0 rg BT 110.99 426.30 Td (may ) Tj ET Q q 0 0 0 rg BT 128.73 426.30 Td (not ) Tj ET Q q 0 0 0 rg BT 142.48 426.30 Td (total ) Tj ET Q q 0 0 0 rg BT 160.73 426.30 Td (due ) Tj ET Q q 0 0 0 rg BT 175.97 426.30 Td (to ) Tj ET Q q 0 0 0 rg BT 185.23 426.30 Td (rounding.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 408.30 Td (Ener) Tj ET Q q 0 0 0 rg BT 77.20 408.30 Td (gy ) Tj ET Q q 0 0 0 rg BT 89.76 408.30 Td (revenue ) Tj ET Q q 0 0 0 rg BT 123.97 408.30 Td (decreased ) Tj ET Q q 0 0 0 rg BT 165.94 408.30 Td (by ) Tj ET Q q 0 0 0 rg BT 178.51 408.30 Td ($39 ) Tj ET Q q 0 0 0 rg BT 196.07 408.30 Td (million ) Tj ET Q q 0 0 0 rg BT 227.52 408.30 Td (year) Tj ET Q q 0 0 0 rg BT 244.53 408.30 Td (-over) Tj ET Q q 0 0 0 rg BT 265.43 408.30 Td (-year) Tj ET Q q 0 0 0 rg BT 285.56 408.30 Td (, ) Tj ET Q q 0 0 0 rg BT 290.63 408.30 Td (driven ) Tj ET Q q 0 0 0 rg BT 318.74 408.30 Td (by ) Tj ET Q q 0 0 0 rg BT 331.30 408.30 Td (a ) Tj ET Q q 0 0 0 rg BT 338.30 408.30 Td ($26 ) Tj ET Q q 0 0 0 rg BT 355.86 408.30 Td (million ) Tj ET Q q 0 0 0 rg BT 387.32 408.30 Td (decline ) Tj ET Q q 0 0 0 rg BT 418.75 408.30 Td (for ) Tj ET Q q 0 0 0 rg BT 432.97 408.30 Td (biomass ) Tj ET Q q 0 0 0 rg BT 468.31 408.30 Td (facilities ) Tj ET Q q 0 0 0 rg BT 505.31 408.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 545.08 408.30 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 396.30 Td (to ) Tj ET Q q 0 0 0 rg BT 59.83 396.30 Td (lower ) Tj ET Q q 0 0 0 rg BT 85.14 396.30 Td (market ) Tj ET Q q 0 0 0 rg BT 115.46 396.30 Td (pricing ) Tj ET Q q 0 0 0 rg BT 146.33 396.30 Td (and ) Tj ET Q q 0 0 0 rg BT 163.32 396.30 Td (economically ) Tj ET Q q 0 0 0 rg BT 219.73 396.30 Td (dispatching ) Tj ET Q q 0 0 0 rg BT 268.39 396.30 Td (a ) Tj ET Q q 0 0 0 rg BT 275.37 396.30 Td (biomass ) Tj ET Q q 0 0 0 rg BT 310.70 396.30 Td (facility) Tj ET Q q 0 0 0 rg BT 338.37 396.30 Td (, ) Tj ET Q q 0 0 0 rg BT 343.42 396.30 Td (a ) Tj ET Q q 0 0 0 rg BT 350.41 396.30 Td ($21 ) Tj ET Q q 0 0 0 rg BT 367.96 396.30 Td (million ) Tj ET Q q 0 0 0 rg BT 399.40 396.30 Td (decline ) Tj ET Q q 0 0 0 rg BT 430.82 396.30 Td (in ) Tj ET Q q 0 0 0 rg BT 441.15 396.30 Td (pricing ) Tj ET Q q 0 0 0 rg BT 472.02 396.30 Td (at ) Tj ET Q q 0 0 0 rg BT 481.79 396.30 Td (EfW) Tj ET Q q 0 0 0 rg BT 500.48 396.30 Td ( ) Tj ET Q q 0 0 0 rg BT 503.03 396.30 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 542.51 396.30 Td (a ) Tj ET Q q 0 0 0 rg BT 549.50 396.30 Td ($4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 384.30 Td (million ) Tj ET Q q 0 0 0 rg BT 80.56 384.30 Td (decline ) Tj ET Q q 0 0 0 rg BT 111.61 384.30 Td (in ) Tj ET Q q 0 0 0 rg BT 121.56 384.30 Td (production ) Tj ET Q q 0 0 0 rg BT 167.05 384.30 Td (at ) Tj ET Q q 0 0 0 rg BT 176.44 384.30 Td (EfW) Tj ET Q q 0 0 0 rg BT 195.14 384.30 Td ( ) Tj ET Q q 0 0 0 rg BT 197.31 384.30 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 236.41 384.30 Td (partially ) Tj ET Q q 0 0 0 rg BT 271.90 384.30 Td (of) Tj ET Q q 0 0 0 rg BT 280.05 384.30 Td (fset ) Tj ET Q q 0 0 0 rg BT 296.66 384.30 Td (by ) Tj ET Q q 0 0 0 rg BT 308.84 384.30 Td (higher ) Tj ET Q q 0 0 0 rg BT 336.55 384.30 Td (revenue ) Tj ET Q q 0 0 0 rg BT 370.37 384.30 Td (following ) Tj ET Q q 0 0 0 rg BT 411.43 384.30 Td (waste ) Tj ET Q q 0 0 0 rg BT 436.37 384.30 Td (and ) Tj ET Q q 0 0 0 rg BT 452.98 384.30 Td (service ) Tj ET Q q 0 0 0 rg BT 483.47 384.30 Td (contract ) Tj ET Q q 0 0 0 rg BT 517.84 384.30 Td (transitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 372.30 Td (\(as ) Tj ET Q q 0 0 0 rg BT 63.66 372.30 Td (a ) Tj ET Q q 0 0 0 rg BT 70.60 372.30 Td (result ) Tj ET Q q 0 0 0 rg BT 95.32 372.30 Td (of ) Tj ET Q q 0 0 0 rg BT 106.15 372.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 146.40 372.30 Td (share ) Tj ET Q q 0 0 0 rg BT 170.00 372.30 Td (of ) Tj ET Q q 0 0 0 rg BT 180.83 372.30 Td (ener) Tj ET Q q 0 0 0 rg BT 197.85 372.30 Td (gy ) Tj ET Q q 0 0 0 rg BT 210.35 372.30 Td (revenue\) ) Tj ET Q q 0 0 0 rg BT 247.83 372.30 Td (and ) Tj ET Q q 0 0 0 rg BT 264.77 372.30 Td (a ) Tj ET Q q 0 0 0 rg BT 271.71 372.30 Td ($3 ) Tj ET Q q 0 0 0 rg BT 284.21 372.30 Td (million ) Tj ET Q q 0 0 0 rg BT 315.60 372.30 Td (contribution ) Tj ET Q q 0 0 0 rg BT 366.98 372.30 Td (from ) Tj ET Q q 0 0 0 rg BT 388.92 372.30 Td (transactions.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 326.9669921875 m 150.0126953125 326.9669921875 l s q 0 0 0 rg BT 49.50 328.30 Td (Recycled Metal Revenue) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 279.80 355.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 279.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 279.80 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 279.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 279.80 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 251.80 355.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 251.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 251.80 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 251.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 251.80 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 223.80 355.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 223.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 223.80 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 223.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 223.80 75.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 291.79999999999995 m 484 291.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 291.79999999999995 m 488 291.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 291.79999999999995 m 563 291.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 291.79999999999995 m 484 291.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 279.79999999999995 m 484 279.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 291.79999999999995 m 488 291.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 291.79999999999995 m 563 291.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 279.79999999999995 m 563 279.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 223.79999999999995 m 484 223.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 223.79999999999995 m 563 223.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 223.79999999999995 m 484 223.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 210.79999999999995 m 484 210.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 208.79999999999995 m 484 208.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 223.79999999999995 m 563 223.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 210.79999999999995 m 563 210.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 208.79999999999995 m 563 208.79999999999995 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 52.50 296.25 Td (Recycled Metal Revenue \(in millions\):) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.00 303.88 Td (For) Tj ET Q q 0 0 0 rg BT 485.29 303.88 Td ( the) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.80 295.88 Td (Quarters Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.00 283.88 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.00 283.88 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 270.37 Td (March31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.50 270.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 270.37 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.50 270.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 270.37 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 256.37 Td (June30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 256.37 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 256.37 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 242.37 Td (September30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 242.37 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 242.37 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 228.37 Td (December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 228.37 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 228.37 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 214.37 Td (Total for the year ended December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.50 214.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 214.37 Td (61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.50 214.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 214.37 Td (93) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 126.00 128.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 177.00 126.00 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.00 126.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.00 126.00 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.00 126.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.00 126.00 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 126.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 126.00 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 126.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 126.00 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 126.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 126.00 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 96.00 128.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 177.00 96.00 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.00 96.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.00 96.00 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.00 96.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.00 96.00 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 96.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 96.00 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 96.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 96.00 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 96.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 96.00 61.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 162 m 237 162 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237 162 m 241 162 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241 162 m 302 162 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 162 m 306 162 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 162 m 366 162 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 162 m 370 162 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 162 m 431 162 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 162 m 435 162 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 162 m 496 162 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 162 m 500 162 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 162 m 561 162 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 162 m 237 162 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 141 m 237 141 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237 162 m 241 162 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237 141 m 241 141 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241 162 m 302 162 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241 141 m 302 141 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 162 m 366 162 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 141 m 366 141 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 162 m 370 162 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 141 m 370 141 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 162 m 431 162 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 141 m 431 141 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 162 m 496 162 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 141 m 496 141 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 162 m 561 162 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 141 m 561 141 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 126 m 237 126 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241 126 m 302 126 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 126 m 366 126 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 126 m 431 126 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 126 m 496 126 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 126 m 561 126 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 96 m 237 96 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 82 m 237 82 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 80 m 237 80 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241 96 m 302 96 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241 82 m 302 82 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241 80 m 302 80 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.55 166.23 Td (Years Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.30 153.23 Td (Metal Revenue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 218.40 145.23 Td (\(in millions\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.35 153.23 Td (T) Tj ET Q q 0 0 0 rg BT 355.95 153.23 Td (ons Sold) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.60 145.23 Td ( \(in thousands\) ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 391.29 148.86 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.50 153.23 Td (Tons Recovered) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.15 145.23 Td ( \(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 198.50 130.23 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.00 130.23 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.50 130.23 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.00 130.23 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.00 130.23 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 130.23 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 115.67 Td (Ferrous Metal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 115.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.15 115.67 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.50 115.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.15 115.67 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.15 115.67 Td (330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 115.67 Td (340) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 115.67 Td (353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 115.67 Td (327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 100.67 Td (Non-Ferrous Metal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.15 100.67 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.15 100.67 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 100.67 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 100.67 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 100.67 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 100.67 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 85.67 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 85.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.15 85.67 Td (61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.50 85.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.15 85.67 Td (93) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 66.50 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.24 66.50 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 66.50 Td (Represents the portion of total volume that is equivalent to Covanta) Tj ET Q q 0 0 0 rg BT 313.45 66.50 Td (s share of revenue under applicable client revenue sharing ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 55.70 Td (arrangements.) Tj ET Q endstream endobj 81 0 obj <>] /Rotate 0 /Contents 82 0 R>> endobj 82 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 29.60 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 744.10 Td (Recycled ) Tj ET Q q 0 0 0 rg BT 99.18 744.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 128.76 744.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 163.88 744.10 Td (were ) Tj ET Q q 0 0 0 rg BT 186.79 744.10 Td ($32 ) Tj ET Q q 0 0 0 rg BT 205.26 744.10 Td (million ) Tj ET Q q 0 0 0 rg BT 237.63 744.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 263.88 744.10 Td (year) Tj ET Q q 0 0 0 rg BT 280.88 744.10 Td (-over) Tj ET Q q 0 0 0 rg BT 301.78 744.10 Td (-year) Tj ET Q q 0 0 0 rg BT 321.92 744.10 Td (, ) Tj ET Q q 0 0 0 rg BT 327.89 744.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 356.92 744.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 403.71 744.10 Td (by ) Tj ET Q q 0 0 0 rg BT 417.19 744.10 Td (a ) Tj ET Q q 0 0 0 rg BT 425.11 744.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 457.46 744.10 Td (in ) Tj ET Q q 0 0 0 rg BT 468.71 744.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 506.05 744.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 531.74 744.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 732.10 Td (pricing.) 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534.6 m 503 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 532.6 m 503 532.6 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 52.50 598.05 Td (Consolidated \(in millions\):) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.00 605.68 Td (For) Tj ET Q q 0 0 0 rg BT 422.29 605.68 Td (the) Tj ET Q q 0 0 0 rg BT 436.66 605.68 Td (Y) Tj ET Q q 0 0 0 rg BT 441.55 605.68 Td (earsEnded) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.75 597.68 Td (December) Tj ET Q q 0 0 0 rg BT 456.25 597.68 Td (31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.00 582.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 582.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.30 582.83 Td (Variance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 568.06 Td (Plant maintenance ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 120.98 572.14 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.50 568.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 568.06 Td (270) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.50 568.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.00 568.06 Td (245) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 509.50 568.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 568.06 Td (25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 554.86 Td (All other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 553.06 Td (859) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.00 553.06 Td (810) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 553.06 Td (49) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 539.86 Td (Plant operating expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.50 538.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.25 538.06 Td (1,129) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.50 538.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.25 538.06 Td (1,055) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 538.06 Td (74) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 523.30 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 67.50 523.30 Td (Plant maintenance costs include our internal maintenance team and non-facility employee costs for facility scheduled and unscheduled ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 512.50 Td (maintenance and repair expense.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 494.50 Td (For ) Tj ET Q q 0 0 0 rg BT 78.19 494.50 Td (the ) Tj ET Q q 0 0 0 rg BT 93.21 494.50 Td (twelve ) Tj ET Q q 0 0 0 rg BT 122.66 494.50 Td (month ) Tj ET Q q 0 0 0 rg BT 151.02 494.50 Td (comparative ) Tj ET Q q 0 0 0 rg BT 203.24 494.50 Td (period, ) Tj ET Q q 0 0 0 rg BT 234.09 494.50 Td (plant ) Tj ET Q q 0 0 0 rg BT 256.88 494.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 297.45 494.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 332.45 494.50 Td (on ) Tj ET Q q 0 0 0 rg BT 345.25 494.50 Td (both ) Tj ET Q q 0 0 0 rg BT 365.83 494.50 Td (a ) Tj ET Q q 0 0 0 rg BT 373.07 494.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 426.41 494.50 Td (and ) Tj ET Q q 0 0 0 rg BT 443.65 494.50 Td (North ) Tj ET Q q 0 0 0 rg BT 469.17 494.50 Td (America ) Tj ET Q q 0 0 0 rg BT 506.39 494.50 Td (segment ) Tj ET Q q 0 0 0 rg BT 542.52 494.50 Td (basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 482.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 89.75 482.50 Td (by ) Tj ET Q q 0 0 0 rg BT 102.25 482.50 Td ($74 ) Tj ET Q q 0 0 0 rg BT 119.75 482.50 Td (million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 464.50 Td (Plant ) Tj ET Q q 0 0 0 rg BT 85.31 464.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 126.34 464.50 Td (expenses ) Tj ET Q q 0 0 0 rg BT 165.69 464.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 206.71 464.50 Td (by ) Tj ET Q q 0 0 0 rg BT 219.96 464.50 Td ($74 ) Tj ET Q q 0 0 0 rg BT 238.22 464.50 Td (million ) Tj ET Q q 0 0 0 rg BT 270.37 464.50 Td (for ) Tj ET Q q 0 0 0 rg BT 285.29 464.50 Td (the ) Tj ET Q q 0 0 0 rg BT 300.77 464.50 Td (twelve ) Tj ET Q q 0 0 0 rg BT 330.68 464.50 Td (month ) Tj ET Q q 0 0 0 rg BT 359.49 464.50 Td (comparable ) Tj ET Q q 0 0 0 rg BT 409.39 464.50 Td (period, ) Tj ET Q q 0 0 0 rg BT 440.70 464.50 Td (driven ) Tj ET Q q 0 0 0 rg BT 469.50 464.50 Td (by ) Tj ET Q q 0 0 0 rg BT 482.76 464.50 Td (an ) Tj ET Q q 0 0 0 rg BT 495.46 464.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 531.47 464.50 Td (in ) Tj ET Q q 0 0 0 rg BT 542.51 464.50 Td (plant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.50 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 102.81 452.50 Td (of ) Tj ET Q q 0 0 0 rg BT 113.93 452.50 Td ($31 ) Tj ET Q q 0 0 0 rg BT 131.71 452.50 Td (million ) Tj ET Q q 0 0 0 rg BT 163.39 452.50 Td (due ) Tj ET Q q 0 0 0 rg BT 180.61 452.50 Td (to ) Tj ET Q q 0 0 0 rg BT 191.17 452.50 Td (the ) Tj ET Q q 0 0 0 rg BT 206.18 452.50 Td (adoption ) Tj ET Q q 0 0 0 rg BT 243.96 452.50 Td (of ) Tj ET Q q 0 0 0 rg BT 255.07 452.50 Td (the ) Tj ET Q q 0 0 0 rg BT 270.07 452.50 Td (service ) Tj ET Q q 0 0 0 rg BT 301.17 452.50 Td (concession ) Tj ET Q q 0 0 0 rg BT 347.83 452.50 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 400.59 452.50 Td (accounting ) Tj ET Q q 0 0 0 rg BT 447.25 452.50 Td (guidance, ) Tj ET Q q 0 0 0 rg BT 488.62 452.50 Td (an ) Tj ET Q q 0 0 0 rg BT 500.85 452.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 536.39 452.50 Td (of ) Tj ET Q q 0 0 0 rg BT 547.50 452.50 Td ($31 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.50 Td (million ) Tj ET Q q 0 0 0 rg BT 80.47 440.50 Td (due ) Tj ET Q q 0 0 0 rg BT 96.98 440.50 Td (to ) Tj ET Q q 0 0 0 rg BT 106.83 440.50 Td (newly ) Tj ET Q q 0 0 0 rg BT 133.35 440.50 Td (acquired ) Tj ET Q q 0 0 0 rg BT 169.85 440.50 Td (environmental ) Tj ET Q q 0 0 0 rg BT 229.68 440.50 Td (services ) Tj ET Q q 0 0 0 rg BT 263.96 440.50 Td (business, ) Tj ET Q q 0 0 0 rg BT 302.43 440.50 Td ($23 ) Tj ET Q q 0 0 0 rg BT 319.50 440.50 Td (million ) Tj ET Q q 0 0 0 rg BT 350.47 440.50 Td (from ) Tj ET Q q 0 0 0 rg BT 371.99 440.50 Td (the ) Tj ET Q q 0 0 0 rg BT 386.28 440.50 Td (start-up ) Tj ET Q q 0 0 0 rg BT 418.90 440.50 Td (of ) Tj ET Q q 0 0 0 rg BT 429.30 440.50 Td (the ) Tj ET Q q 0 0 0 rg BT 443.60 440.50 Td (New ) Tj ET Q q 0 0 0 rg BT 464.25 440.50 Td (Y) Tj ET Q q 0 0 0 rg BT 470.47 440.50 Td (ork ) Tj ET Q q 0 0 0 rg BT 485.87 440.50 Td (City ) Tj ET Q q 0 0 0 rg BT 505.17 440.50 Td (MTS ) Tj ET Q q 0 0 0 rg BT 527.81 440.50 Td (contract, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.50 Td ($9 ) Tj ET Q q 0 0 0 rg BT 62.06 428.50 Td (million ) Tj ET Q q 0 0 0 rg BT 93.52 428.50 Td (from ) Tj ET Q q 0 0 0 rg BT 115.52 428.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 158.07 428.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 180.63 428.50 Td (related ) Tj ET Q q 0 0 0 rg BT 210.40 428.50 Td (to ) Tj ET Q q 0 0 0 rg BT 220.74 428.50 Td (transfer ) Tj ET Q q 0 0 0 rg BT 253.84 428.50 Td (stations, ) Tj ET Q q 0 0 0 rg BT 289.46 428.50 Td (an ) Tj ET Q q 0 0 0 rg BT 301.46 428.50 Td ($8 ) Tj ET Q q 0 0 0 rg BT 314.02 428.50 Td (million ) Tj ET Q q 0 0 0 rg BT 345.47 428.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 375.25 428.50 Td (from ) Tj ET Q q 0 0 0 rg BT 397.25 428.50 Td (contract ) Tj ET Q q 0 0 0 rg BT 432.01 428.50 Td (transitions, ) Tj ET Q q 0 0 0 rg BT 478.74 428.50 Td (a ) Tj ET Q q 0 0 0 rg BT 485.74 428.50 Td ($7 ) Tj ET Q q 0 0 0 rg BT 498.31 428.50 Td (million ) Tj ET Q q 0 0 0 rg BT 529.76 428.50 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.50 Td (in ) Tj ET Q q 0 0 0 rg BT 59.60 416.50 Td (transportation ) Tj ET Q q 0 0 0 rg BT 117.47 416.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 139.79 416.50 Td (related ) Tj ET Q q 0 0 0 rg BT 169.32 416.50 Td (to ) Tj ET Q q 0 0 0 rg BT 179.42 416.50 Td (our ) Tj ET Q q 0 0 0 rg BT 195.07 416.50 Td (metals ) Tj ET Q q 0 0 0 rg BT 223.50 416.50 Td (operations, ) Tj ET Q q 0 0 0 rg BT 269.98 416.50 Td (partially ) Tj ET Q q 0 0 0 rg BT 305.62 416.50 Td (of) Tj ET Q q 0 0 0 rg BT 313.77 416.50 Td (fset ) Tj ET Q q 0 0 0 rg BT 330.53 416.50 Td (by ) Tj ET Q q 0 0 0 rg BT 342.85 416.50 Td (lower ) Tj ET Q q 0 0 0 rg BT 367.95 416.50 Td (incentive ) Tj ET Q q 0 0 0 rg BT 406.92 416.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 464.78 416.50 Td (of ) Tj ET Q q 0 0 0 rg BT 475.44 416.50 Td ($26 ) Tj ET Q q 0 0 0 rg BT 492.76 416.50 Td (million ) Tj ET Q q 0 0 0 rg BT 523.98 416.50 Td (and ) Tj ET Q q 0 0 0 rg BT 540.74 416.50 Td (a ) Tj ET Q q 0 0 0 rg BT 547.50 416.50 Td ($16 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.50 Td (million ) Tj ET Q q 0 0 0 rg BT 80.89 404.50 Td (decrease ) Tj ET Q q 0 0 0 rg BT 117.81 404.50 Td (due ) Tj ET Q q 0 0 0 rg BT 134.74 404.50 Td (to ) Tj ET Q q 0 0 0 rg BT 145.02 404.50 Td (economically ) Tj ET Q q 0 0 0 rg BT 201.39 404.50 Td (dispatching ) Tj ET Q q 0 0 0 rg BT 249.99 404.50 Td (a ) Tj ET Q q 0 0 0 rg BT 256.93 404.50 Td (biomass ) Tj ET Q q 0 0 0 rg BT 292.21 404.50 Td (facility) Tj ET Q q 0 0 0 rg BT 319.88 404.50 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 385.1669921875 m 151.130859375 385.1669921875 l s q 0 0 0 rg BT 49.50 386.50 Td (Other Operating Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 368.50 Td (Other ) Tj ET Q q 0 0 0 rg BT 86.64 368.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 126.77 368.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 161.35 368.50 Td (decreased ) Tj ET Q q 0 0 0 rg BT 203.14 368.50 Td (by ) Tj ET Q q 0 0 0 rg BT 215.51 368.50 Td ($28 ) Tj ET Q q 0 0 0 rg BT 232.88 368.50 Td (million ) Tj ET Q q 0 0 0 rg BT 264.14 368.50 Td (due ) Tj ET Q q 0 0 0 rg BT 280.95 368.50 Td (to ) Tj ET Q q 0 0 0 rg BT 291.10 368.50 Td (lower ) Tj ET Q q 0 0 0 rg BT 316.24 368.50 Td (construction ) Tj ET Q q 0 0 0 rg BT 368.04 368.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 402.62 368.50 Td (and ) Tj ET Q q 0 0 0 rg BT 419.43 368.50 Td (the ) Tj ET Q q 0 0 0 rg BT 434.01 368.50 Td (sale ) Tj ET Q q 0 0 0 rg BT 451.93 368.50 Td (of ) Tj ET Q q 0 0 0 rg BT 462.63 368.50 Td (our ) Tj ET Q q 0 0 0 rg BT 478.33 368.50 Td (insurance ) Tj ET Q q 0 0 0 rg BT 519.02 368.50 Td (business ) Tj ET Q q 0 0 0 rg BT 555.28 368.50 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.50 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 356.50 Td (end ) Tj ET Q q 0 0 0 rg BT 81.16 356.50 Td (of ) Tj ET Q q 0 0 0 rg BT 91.99 356.50 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 337.1669921875 m 129.0068359375 337.1669921875 l s q 0 0 0 rg BT 49.50 338.50 Td (Impairment char) Tj ET Q q 0 0 0 rg BT 115.68 338.50 Td (ges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 320.50 Td (During ) Tj ET Q q 0 0 0 rg BT 88.42 320.50 Td (the ) Tj ET Q q 0 0 0 rg BT 102.22 320.50 Td (year ) Tj ET Q q 0 0 0 rg BT 121.01 320.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 146.48 320.50 Td (December ) Tj ET Q q 0 0 0 rg BT 189.15 320.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 203.24 320.50 Td (2015, ) Tj ET Q q 0 0 0 rg BT 227.32 320.50 Td (we ) Tj ET Q q 0 0 0 rg BT 240.57 320.50 Td (recorded ) Tj ET Q q 0 0 0 rg BT 277.13 320.50 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 314.82 320.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 362.50 320.50 Td (char) Tj ET Q q 0 0 0 rg BT 379.53 320.50 Td (ges ) Tj ET Q q 0 0 0 rg BT 394.45 320.50 Td (totaling ) Tj ET Q q 0 0 0 rg BT 426.59 320.50 Td ($43 ) Tj ET Q q 0 0 0 rg BT 443.17 320.50 Td (million ) Tj ET Q q 0 0 0 rg BT 473.65 320.50 Td (related ) Tj ET Q q 0 0 0 rg BT 502.44 320.50 Td (to ) Tj ET Q q 0 0 0 rg BT 511.81 320.50 Td (our ) Tj ET Q q 0 0 0 rg BT 526.72 320.50 Td (biomass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.50 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 89.00 308.50 Td (During ) Tj ET Q q 0 0 0 rg BT 119.91 308.50 Td (the ) Tj ET Q q 0 0 0 rg BT 134.70 308.50 Td (year ) Tj ET Q q 0 0 0 rg BT 154.48 308.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 180.93 308.50 Td (December ) Tj ET Q q 0 0 0 rg BT 224.58 308.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 239.66 308.50 Td (2014, ) Tj ET Q q 0 0 0 rg BT 264.73 308.50 Td (we ) Tj ET Q q 0 0 0 rg BT 278.96 308.50 Td (recorded ) Tj ET Q q 0 0 0 rg BT 316.51 308.50 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 355.18 308.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 403.86 308.50 Td (char) Tj ET Q q 0 0 0 rg BT 420.88 308.50 Td (ges ) Tj ET Q q 0 0 0 rg BT 436.79 308.50 Td (totaling ) Tj ET Q q 0 0 0 rg BT 469.91 308.50 Td ($64 ) Tj ET Q q 0 0 0 rg BT 487.48 308.50 Td (million ) Tj ET Q q 0 0 0 rg BT 518.95 308.50 Td (consisting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.50 Td (of ) Tj ET Q q 0 0 0 rg BT 60.19 296.50 Td ($14 ) Tj ET Q q 0 0 0 rg BT 77.55 296.50 Td (million ) Tj ET Q q 0 0 0 rg BT 108.80 296.50 Td (related ) Tj ET Q q 0 0 0 rg BT 138.36 296.50 Td (to ) Tj ET Q q 0 0 0 rg BT 148.50 296.50 Td (the ) Tj ET Q q 0 0 0 rg BT 163.08 296.50 Td (sale ) Tj ET Q q 0 0 0 rg BT 180.98 296.50 Td (of ) Tj ET Q q 0 0 0 rg BT 191.67 296.50 Td (our ) Tj ET Q q 0 0 0 rg BT 207.36 296.50 Td (insurance ) Tj ET Q q 0 0 0 rg BT 248.04 296.50 Td (business, ) Tj ET Q q 0 0 0 rg BT 286.79 296.50 Td ($34 ) Tj ET Q q 0 0 0 rg BT 304.15 296.50 Td (million ) Tj ET Q q 0 0 0 rg BT 335.40 296.50 Td (related ) Tj ET Q q 0 0 0 rg BT 364.96 296.50 Td (to ) Tj ET Q q 0 0 0 rg BT 375.10 296.50 Td (our ) Tj ET Q q 0 0 0 rg BT 390.79 296.50 Td (California ) Tj ET Q q 0 0 0 rg BT 433.69 296.50 Td (biomass ) Tj ET Q q 0 0 0 rg BT 468.83 296.50 Td (facility ) Tj ET Q q 0 0 0 rg BT 499.51 296.50 Td (assets, ) Tj ET Q q 0 0 0 rg BT 527.70 296.50 Td (and ) Tj ET Q q 0 0 0 rg BT 544.50 296.50 Td ($16 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.50 Td (million ) Tj ET Q q 0 0 0 rg BT 80.82 284.50 Td (related ) Tj ET Q q 0 0 0 rg BT 110.45 284.50 Td (to ) Tj ET Q q 0 0 0 rg BT 120.65 284.50 Td (contract ) Tj ET Q q 0 0 0 rg BT 155.28 284.50 Td (intangibles. ) Tj ET Q q 0 0 0 rg BT 204.09 284.50 Td (For ) Tj ET Q q 0 0 0 rg BT 220.41 284.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 262.83 284.50 Td (information, ) Tj ET Q q 0 0 0 rg BT 314.96 284.50 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 330.16 284.50 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 360.35 284.50 Td (Financial ) Tj ET Q q 0 0 0 rg BT 401.66 284.50 Td (Statements ) Tj ET Q q 0 0 0 rg BT 447.24 284.50 Td (And ) Tj ET Q q 0 0 0 rg BT 465.77 284.50 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 528.19 284.50 Td (Data ) Tj ET Q q 0 0 0 rg BT 550.61 284.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 272.50 Td (Note ) Tj ET Q q 0 0 0 rg BT 70.89 272.50 Td (14.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 83.39 272.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.89 272.50 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 148.37 272.50 Td (Information) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 196.15 272.50 Td ( ) Tj ET Q q 0 0 0 rg BT 198.65 272.50 Td ( ) Tj ET Q q 0 0 0 rg BT 210.04 272.50 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 259.20 272.50 Td (char) Tj ET Q q 0 0 0 rg BT 277.16 272.50 Td (ges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.49 272.50 Td (.) Tj ET Q endstream endobj 83 0 obj <>] /Rotate 0 /Contents 84 0 R>> endobj 84 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (41) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 109.82 742.25 Td (TED RESUL) Tj ET Q q 0 0 0 rg BT 165.31 742.25 Td (TS OF) Tj ET Q q 0 0 0 rg BT 193.56 742.25 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 230.32 742.25 Td (TIONS NON-OPERA) Tj ET Q q 0 0 0 rg BT 336.25 742.25 Td (TING INCOME ITEMS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (Y) Tj ET Q q 0 0 0 rg BT 56.11 730.25 Td (ears ) Tj ET Q q 0 0 0 rg BT 76.38 730.25 Td (Ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 106.67 730.25 Td (December) Tj ET Q q 0 0 0 rg BT 149.80 730.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 167.30 730.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 192.30 730.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 214.80 730.25 Td (and ) Tj ET Q q 0 0 0 rg BT 233.42 730.25 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.42 730.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 76.39 706.25 Td (Expense:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 635.75 232.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 635.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 635.75 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 635.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 635.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 635.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 635.75 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 635.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 635.75 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 635.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 635.75 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 607.75 232.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 607.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 607.75 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 607.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 607.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 607.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 607.75 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 607.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 607.75 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 607.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 607.75 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 579.75 232.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 579.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 579.75 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 579.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 579.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 579.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 579.75 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 579.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 579.75 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 579.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 579.75 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 551.75 232.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 551.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 551.75 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 551.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 551.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 551.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 551.75 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 551.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 551.75 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 551.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 551.75 53.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 675.75 m 338.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 675.75 m 342.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 675.75 m 393.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 675.75 m 397.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 675.75 m 449.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 675.75 m 505.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 675.75 m 509.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 675.75 m 562.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 675.75 m 338.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 663.75 m 338.5 663.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 663.75 m 393.5 663.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 663.75 m 449.5 663.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 663.75 m 505.5 663.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 663.75 m 562.5 663.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 551.75 m 393.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 551.75 m 449.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 551.75 m 338.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 538.75 m 338.5 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 536.75 m 338.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 551.75 m 393.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 538.75 m 393.5 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 536.75 m 393.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 551.75 m 449.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 538.75 m 449.5 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 536.75 m 449.5 536.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 680.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.50 687.83 Td (For) Tj ET Q q 0 0 0 rg BT 343.79 687.83 Td (the) Tj ET Q q 0 0 0 rg BT 358.16 687.83 Td (Y) Tj ET Q q 0 0 0 rg BT 363.05 687.83 Td (ears Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.25 679.83 Td (December) Tj ET Q q 0 0 0 rg BT 378.75 679.83 Td (31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.30 687.83 Td (V) Tj ET Q q 0 0 0 rg BT 497.34 687.83 Td (ariance ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.20 679.83 Td (Incr) Tj ET Q q 0 0 0 rg BT 488.72 679.83 Td (ease \(Decr) Tj ET Q q 0 0 0 rg BT 523.88 679.83 Td (ease\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 667.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.00 667.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.50 667.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.00 667.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.40 667.83 Td (2016vs2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.90 667.83 Td (2015vs2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.95 653.98 Td (\(In millions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 641.01 Td (CONSOLIDATED RESULTS OF OPERATIONS:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 627.01 Td (Investment income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.00 626.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.50 626.21 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.00 626.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.00 626.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.00 626.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.50 626.21 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.00 626.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 626.21 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 626.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.50 626.21 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 626.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 613.01 Td (Interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.50 612.21 Td (\(139) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.00 612.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.50 612.21 Td (\(134) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.00 612.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.50 612.21 Td (\(135) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 612.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 612.21 Td (\(5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 612.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.50 612.21 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 599.01 Td (Non-cash convertible debt related expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.00 598.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.00 598.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.00 598.21 Td (\(13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 598.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 598.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 598.21 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 585.01 Td (Gain on asset sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.00 584.21 Td (44) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.00 584.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.00 584.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 584.21 Td (44) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 584.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 571.01 Td (Loss on extinguishment of debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.00 570.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.50 570.21 Td (\(2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.00 570.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.50 570.21 Td (\(2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 570.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 570.21 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 570.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 557.01 Td (Other expense, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.50 556.21 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.00 556.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.50 556.21 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.00 556.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.50 556.21 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 556.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 556.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 556.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 543.01 Td (Total other expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.00 542.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.00 542.21 Td (\(95) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.00 542.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.00 542.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.50 542.21 Td (\(137) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.00 542.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.00 542.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.50 542.21 Td (\(150) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 542.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 542.21 Td (42) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 542.21 Td (13) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 520.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 91.12 520.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 125.46 520.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 165.35 520.25 Td (for ) Tj ET Q q 0 0 0 rg BT 179.14 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.49 520.25 Td (year ) Tj ET Q q 0 0 0 rg BT 212.83 520.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 238.84 520.25 Td (December ) Tj ET Q q 0 0 0 rg BT 282.06 520.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 296.70 520.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 318.83 520.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 360.39 520.25 Td (to ) Tj ET Q q 0 0 0 rg BT 370.30 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 384.65 520.25 Td (year ) Tj ET Q q 0 0 0 rg BT 403.99 520.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 430.00 520.25 Td (December ) Tj ET Q q 0 0 0 rg BT 473.22 520.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 487.85 520.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 509.99 520.25 Td (due ) Tj ET Q q 0 0 0 rg BT 526.56 520.25 Td (to ) Tj ET Q q 0 0 0 rg BT 536.47 520.25 Td (higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 75.83 508.25 Td (of ) Tj ET Q q 0 0 0 rg BT 86.66 508.25 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 130.82 508.25 Td (under ) Tj ET Q q 0 0 0 rg BT 156.08 508.25 Td (our ) Tj ET Q q 0 0 0 rg BT 171.91 508.25 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 216.08 508.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 243.57 508.25 Td (Facility) Tj ET Q q 0 0 0 rg BT 273.48 508.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 490.25 Td (Non-cash ) Tj ET Q q 0 0 0 rg BT 98.63 490.25 Td (convertible ) Tj ET Q q 0 0 0 rg BT 144.92 490.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 163.44 490.25 Td (related ) Tj ET Q q 0 0 0 rg BT 191.95 490.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 225.46 490.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 266.19 490.25 Td (for ) Tj ET Q q 0 0 0 rg BT 279.15 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.68 490.25 Td (year ) Tj ET Q q 0 0 0 rg BT 311.19 490.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 336.38 490.25 Td (December ) Tj ET Q q 0 0 0 rg BT 378.77 490.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 392.58 490.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 413.88 490.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 454.62 490.25 Td (to ) Tj ET Q q 0 0 0 rg BT 463.70 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 477.23 490.25 Td (year ) Tj ET Q q 0 0 0 rg BT 495.74 490.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 520.93 490.25 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 65.00 478.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 90.00 478.25 Td (due ) Tj ET Q q 0 0 0 rg BT 106.94 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 117.22 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.93 478.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 168.32 478.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.15 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.86 478.25 Td (3.25% ) Tj ET Q q 0 0 0 rg BT 222.19 478.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 244.69 478.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 294.40 478.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 323.01 478.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 348.84 478.25 Td (in ) Tj ET Q q 0 0 0 rg BT 359.12 478.25 Td (June ) Tj ET Q q 0 0 0 rg BT 379.95 478.25 Td (2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 460.25 Td (Gain ) Tj ET Q q 0 0 0 rg BT 80.74 460.25 Td (on ) Tj ET Q q 0 0 0 rg BT 93.04 460.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 118.67 460.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 140.40 460.25 Td (for ) Tj ET Q q 0 0 0 rg BT 154.36 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 168.88 460.25 Td (year ) Tj ET Q q 0 0 0 rg BT 188.38 460.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 214.56 460.25 Td (December ) Tj ET Q q 0 0 0 rg BT 257.94 460.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 272.74 460.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 297.54 460.25 Td (is ) Tj ET Q q 0 0 0 rg BT 306.51 460.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 346.02 460.25 Td (due ) Tj ET Q q 0 0 0 rg BT 362.76 460.25 Td (to ) Tj ET Q q 0 0 0 rg BT 372.83 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.35 460.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 405.19 460.25 Td (of ) Tj ET Q q 0 0 0 rg BT 415.82 460.25 Td (our ) Tj ET Q q 0 0 0 rg BT 431.45 460.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 467.08 460.25 Td (in ) Tj ET Q q 0 0 0 rg BT 477.15 460.25 Td (China. ) Tj ET Q q 0 0 0 rg BT 505.84 460.25 Td (For ) Tj ET Q q 0 0 0 rg BT 522.03 460.25 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (information ) Tj ET Q q 0 0 0 rg BT 101.62 448.25 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 118.79 448.25 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 150.96 448.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 194.25 448.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 241.66 448.25 Td (And ) Tj ET Q q 0 0 0 rg BT 262.17 448.25 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 326.56 448.25 Td (Data ) Tj ET Q q 0 0 0 rg BT 350.97 448.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 364.27 448.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 387.56 448.25 Td (4.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 395.06 448.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 399.46 448.25 Td (Dispositions, ) Tj ET Q q 0 0 0 rg BT 456.06 448.25 Td (Assets ) Tj ET Q q 0 0 0 rg BT 485.46 448.25 Td (Held ) Tj ET Q q 0 0 0 rg BT 509.31 448.25 Td (for ) Tj ET Q q 0 0 0 rg BT 525.38 448.25 Td (Sale ) Tj ET Q q 0 0 0 rg BT 547.00 448.25 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (Discontinued ) Tj ET Q q 0 0 0 rg BT 105.83 436.25 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.83 436.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 418.25 Td (Loss ) Tj ET Q q 0 0 0 rg BT 81.22 418.25 Td (on ) Tj ET Q q 0 0 0 rg BT 94.56 418.25 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 159.55 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 171.21 418.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 191.76 418.25 Td (is ) Tj ET Q q 0 0 0 rg BT 201.76 418.25 Td (comprised ) Tj ET Q q 0 0 0 rg BT 246.75 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 258.41 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 273.96 418.25 Td (write-of) Tj ET Q q 0 0 0 rg BT 305.99 418.25 Td (f ) Tj ET Q q 0 0 0 rg BT 312.65 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 324.31 418.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 360.95 418.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 402.05 418.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 425.38 418.25 Td (in ) Tj ET Q q 0 0 0 rg BT 436.49 418.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 483.70 418.25 Td (with ) Tj ET Q q 0 0 0 rg BT 504.81 418.25 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 553.67 418.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 94.72 406.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 128.88 406.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 169.15 406.25 Td (arrangements. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.61 382.25 Td (T) Tj ET Q q 0 0 0 rg BT 88.80 382.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 101.30 382.25 Td (Expense: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 311.75 232.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 311.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 311.75 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 311.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 311.75 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 311.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 311.75 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 311.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 311.75 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 311.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 311.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 285.75 232.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 285.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 285.75 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 285.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 285.75 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 285.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 285.75 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 285.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 285.75 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 285.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 285.75 53.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 351.75 m 337.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 351.75 m 341.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 351.75 m 392.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 351.75 m 396.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 351.75 m 448.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 351.75 m 504.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 351.75 m 508.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 351.75 m 561.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 351.75 m 337.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 339.75 m 337.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 351.75 m 341.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 351.75 m 392.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 339.75 m 392.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 351.75 m 396.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 351.75 m 448.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 339.75 m 448.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 339.75 m 504.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 339.75 m 561.5 339.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 356.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.50 363.83 Td (For) Tj ET Q q 0 0 0 rg BT 342.79 363.83 Td (the) Tj ET Q q 0 0 0 rg BT 357.16 363.83 Td (Y) Tj ET Q q 0 0 0 rg BT 362.05 363.83 Td (ears Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.25 355.83 Td (December) Tj ET Q q 0 0 0 rg BT 377.75 355.83 Td (31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.30 363.83 Td (V) Tj ET Q q 0 0 0 rg BT 496.34 363.83 Td (ariance ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.20 355.83 Td (Incr) Tj ET Q q 0 0 0 rg BT 487.72 355.83 Td (ease \(Decr) Tj ET Q q 0 0 0 rg BT 522.88 355.83 Td (ease\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 343.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.00 343.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.50 343.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 343.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.40 343.83 Td (2016vs2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.90 343.83 Td (2015vs2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.95 329.98 Td (\(In millions, except percentages\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 317.01 Td (CONSOLIDATED RESULTS OF OPERATIONS:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 303.01 Td (Income tax expense \(benefit\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 288.00 303.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.50 303.01 Td (22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.00 303.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.50 303.01 Td (\(84) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.50 303.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.00 303.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.50 303.01 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.00 303.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.50 303.01 Td (106) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 511.00 303.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 303.01 Td (\(99) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 303.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 277.01 Td (Effective income tax rate) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.00 277.01 Td (150) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.50 277.01 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.00 277.01 Td (302) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.50 277.01 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.00 277.01 Td (388) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.50 277.01 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 252.25 Td (The ) Tj ET Q q 0 0 0 rg BT 77.47 252.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 114.82 252.25 Td (in ) Tj ET Q q 0 0 0 rg BT 125.52 252.25 Td (ef) Tj ET Q q 0 0 0 rg BT 133.11 252.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 163.24 252.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 178.38 252.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 196.29 252.25 Td (for ) Tj ET Q q 0 0 0 rg BT 210.88 252.25 Td (the ) Tj ET Q q 0 0 0 rg BT 226.03 252.25 Td (year ) Tj ET Q q 0 0 0 rg BT 246.16 252.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 272.96 252.25 Td (December ) Tj ET Q q 0 0 0 rg BT 316.98 252.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 332.40 252.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 357.83 252.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 400.18 252.25 Td (to ) Tj ET Q q 0 0 0 rg BT 410.89 252.25 Td (the ) Tj ET Q q 0 0 0 rg BT 426.03 252.25 Td (year ) Tj ET Q q 0 0 0 rg BT 446.17 252.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 472.97 252.25 Td (December ) Tj ET Q q 0 0 0 rg BT 516.98 252.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 532.41 252.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 555.34 252.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 240.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 89.95 240.25 Td (due ) Tj ET Q q 0 0 0 rg BT 107.12 240.25 Td (to ) Tj ET Q q 0 0 0 rg BT 117.64 240.25 Td (the ) Tj ET Q q 0 0 0 rg BT 132.59 240.25 Td (combined ) Tj ET Q q 0 0 0 rg BT 174.76 240.25 Td (ef) Tj ET Q q 0 0 0 rg BT 182.35 240.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 203.96 240.25 Td (of ) Tj ET Q q 0 0 0 rg BT 215.02 240.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 227.20 240.25 Td (the ) Tj ET Q q 0 0 0 rg BT 242.15 240.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 290.43 240.25 Td (of ) Tj ET Q q 0 0 0 rg BT 301.50 240.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 316.45 240.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 346.95 240.25 Td (due ) Tj ET Q q 0 0 0 rg BT 364.12 240.25 Td (to ) Tj ET Q q 0 0 0 rg BT 374.64 240.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.59 240.25 Td (resolution ) Tj ET Q q 0 0 0 rg BT 432.32 240.25 Td (of ) Tj ET Q q 0 0 0 rg BT 443.39 240.25 Td (the ) Tj ET Q q 0 0 0 rg BT 458.34 240.25 Td (IRS ) Tj ET Q q 0 0 0 rg BT 476.64 240.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 499.37 240.25 Td (in ) Tj ET Q q 0 0 0 rg BT 509.88 240.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 532.62 240.25 Td (and ) Tj ET Q q 0 0 0 rg BT 549.79 240.25 Td (\(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.95 228.25 Td (fact ) Tj ET Q q 0 0 0 rg BT 82.67 228.25 Td (that ) Tj ET Q q 0 0 0 rg BT 100.40 228.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.35 228.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 156.97 228.25 Td (turned ) Tj ET Q q 0 0 0 rg BT 185.25 228.25 Td (from ) Tj ET Q q 0 0 0 rg BT 207.42 228.25 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 238.47 228.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 256.76 228.25 Td (in ) Tj ET Q q 0 0 0 rg BT 267.28 228.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 290.01 228.25 Td (to ) Tj ET Q q 0 0 0 rg BT 300.52 228.25 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 331.57 228.25 Td (income ) Tj ET Q q 0 0 0 rg BT 363.74 228.25 Td (in ) Tj ET Q q 0 0 0 rg BT 374.25 228.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 399.28 228.25 Td (The ) Tj ET Q q 0 0 0 rg BT 417.56 228.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 454.71 228.25 Td (in ) Tj ET Q q 0 0 0 rg BT 465.22 228.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.17 228.25 Td (ef) Tj ET Q q 0 0 0 rg BT 487.76 228.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 517.70 228.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 532.65 228.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 550.37 228.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.85 216.25 Td (year ) Tj ET Q q 0 0 0 rg BT 84.69 216.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 111.19 216.25 Td (December ) Tj ET Q q 0 0 0 rg BT 154.91 216.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 170.04 216.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 195.17 216.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 237.22 216.25 Td (to ) Tj ET Q q 0 0 0 rg BT 247.63 216.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.48 216.25 Td (year ) Tj ET Q q 0 0 0 rg BT 282.32 216.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 308.83 216.25 Td (December ) Tj ET Q q 0 0 0 rg BT 352.54 216.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 367.67 216.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 390.30 216.25 Td (was ) Tj ET Q q 0 0 0 rg BT 408.49 216.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 448.33 216.25 Td (due ) Tj ET Q q 0 0 0 rg BT 465.40 216.25 Td (to ) Tj ET Q q 0 0 0 rg BT 475.81 216.25 Td (the ) Tj ET Q q 0 0 0 rg BT 490.66 216.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 538.83 216.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 216.25 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 80.26 204.25 Td (due ) Tj ET Q q 0 0 0 rg BT 97.20 204.25 Td (to ) Tj ET Q q 0 0 0 rg BT 107.48 204.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.20 204.25 Td (resolution ) Tj ET Q q 0 0 0 rg BT 164.69 204.25 Td (of ) Tj ET Q q 0 0 0 rg BT 175.52 204.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.24 204.25 Td (IRS ) Tj ET Q q 0 0 0 rg BT 208.30 204.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 230.80 204.25 Td (in ) Tj ET Q q 0 0 0 rg BT 241.07 204.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 263.57 204.25 Td (and ) Tj ET Q q 0 0 0 rg BT 280.51 204.25 Td (non-recurring ) Tj ET Q q 0 0 0 rg BT 337.99 204.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 388.26 204.25 Td (from ) Tj ET Q q 0 0 0 rg BT 410.20 204.25 Td (the ) Tj ET Q q 0 0 0 rg BT 424.92 204.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 446.86 204.25 Td (year) Tj ET Q q 0 0 0 rg BT 463.51 204.25 Td (. ) Tj ET Q endstream endobj 85 0 obj <>] /Rotate 0 /Contents 86 0 R>> endobj 86 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (42) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.94 742.25 Td (\(Loss\) ) Tj ET Q q 0 0 0 rg BT 94.99 742.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 128.23 742.25 Td (Attributable ) Tj ET Q q 0 0 0 rg BT 180.18 742.25 Td (to ) Tj ET Q q 0 0 0 rg BT 190.46 742.25 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 227.41 742.25 Td (Holding ) Tj ET Q q 0 0 0 rg BT 263.80 742.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 316.88 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 334.94 742.25 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 375.79 742.25 Td (Per ) Tj ET Q q 0 0 0 rg BT 392.73 742.25 Td (Share:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 668.75 232.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 668.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 668.75 51.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 668.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 668.75 53.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 668.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 668.75 51.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 668.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 668.75 52.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 668.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 668.75 53.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 606.75 232.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 606.75 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 606.75 51.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 606.75 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 606.75 53.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 606.75 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 606.75 51.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 606.75 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 606.75 52.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 606.75 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 606.75 53.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 576.75 232.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 576.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 576.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 576.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 576.75 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 576.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 576.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 576.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 576.75 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 576.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 576.75 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 540.75 232.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 540.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 540.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 540.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 540.75 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 540.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 540.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 540.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 540.75 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 540.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 540.75 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 498.75 232.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 498.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 498.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 498.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 498.75 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 498.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 498.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 498.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 498.75 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 498.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 498.75 53.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 708.75 m 337.5 708.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 708.75 m 341.5 708.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 708.75 m 394.5 708.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 708.75 m 398.5 708.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 708.75 m 449.5 708.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 708.75 m 505.5 708.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 708.75 m 509.5 708.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 708.75 m 562.5 708.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 708.75 m 337.5 708.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 696.75 m 337.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 708.75 m 341.5 708.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 708.75 m 394.5 708.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 696.75 m 394.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 708.75 m 398.5 708.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 708.75 m 449.5 708.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 696.75 m 449.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 708.75 m 505.5 708.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 696.75 m 505.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 708.75 m 509.5 708.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 708.75 m 562.5 708.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 696.75 m 562.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 645.75 m 337.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 643.75 m 337.5 643.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 645.75 m 394.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 643.75 m 394.5 643.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 645.75 m 449.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 643.75 m 449.5 643.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 577.75 m 337.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 575.75 m 337.5 575.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 577.75 m 394.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 575.75 m 394.5 575.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 577.75 m 449.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 575.75 m 449.5 575.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 563.75 m 337.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 561.75 m 337.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 563.75 m 394.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 561.75 m 394.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 563.75 m 449.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 561.75 m 449.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 527.75 m 337.5 527.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 525.75 m 337.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 527.75 m 394.5 527.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 525.75 m 394.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 527.75 m 449.5 527.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 525.75 m 449.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 513.75 m 337.5 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 511.75 m 337.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 513.75 m 341.5 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 511.75 m 341.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 513.75 m 394.5 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 511.75 m 394.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 513.75 m 398.5 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 511.75 m 398.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 513.75 m 449.5 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 511.75 m 449.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 485.75 m 337.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 483.75 m 337.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 485.75 m 394.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 483.75 m 394.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 485.75 m 449.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 483.75 m 449.5 483.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 713.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.50 720.83 Td (For) Tj ET Q q 0 0 0 rg BT 343.79 720.83 Td (the) Tj ET Q q 0 0 0 rg BT 358.16 720.83 Td (Y) Tj ET Q q 0 0 0 rg BT 363.05 720.83 Td (ears Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.25 712.83 Td (December) Tj ET Q q 0 0 0 rg BT 378.75 712.83 Td (31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.30 720.83 Td (V) Tj ET Q q 0 0 0 rg BT 497.34 720.83 Td (ariance ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.20 712.83 Td (Incr) Tj ET Q q 0 0 0 rg BT 488.72 712.83 Td (ease \(Decr) Tj ET Q q 0 0 0 rg BT 523.88 712.83 Td (ease\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 700.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.50 700.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.50 700.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.50 700.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.40 700.83 Td (2016vs2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.90 700.83 Td (2015vs2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.45 686.98 Td (\(In millions, except per share amounts\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 674.15 Td (CONSOLIDATED RESULTS OF OPERATIONS:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 660.01 Td (Net \(Loss\) Income Attributable to Covanta Holding) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 651.01 Td (Corporation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.00 649.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.50 649.21 Td (\(4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.00 649.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.00 649.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.00 649.21 Td (68) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.00 649.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.50 649.21 Td (\(2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 649.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.00 649.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 649.21 Td (\(72) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 649.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 649.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 649.21 Td (70) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 620.21 Td (\(Loss\) Earnings Per Share Attributable to Covanta Holding) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 611.21 Td (Corporation stockholders:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 595.21 Td (Weighted Average Shares:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 581.21 Td (Basic:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.50 581.21 Td (129) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.50 581.21 Td (132) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 581.21 Td (130) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 581.21 Td (\(3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 581.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.50 581.21 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 567.21 Td (Diluted:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.50 567.21 Td (129) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.50 567.21 Td (133) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 567.21 Td (130) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 567.21 Td (\(4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 567.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.50 567.21 Td (3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 545.21 Td (\(Loss\) Earnings Per Share:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 531.21 Td (Basic:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.00 531.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.25 531.21 Td (\(0.03) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.00 531.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.00 531.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 531.21 Td (0.52) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.00 531.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.25 531.21 Td (\(0.01) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 531.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.00 531.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 531.21 Td (\(0.55) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 531.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 531.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.25 531.21 Td (0.53) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 517.21 Td (Diluted:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.00 517.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.25 517.21 Td (\(0.03) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.00 517.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.00 517.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 517.21 Td (0.51) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.00 517.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.25 517.21 Td (\(0.01) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 517.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.00 517.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.25 517.21 Td (\(0.54) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 517.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 517.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.25 517.21 Td (0.52) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 490.01 Td (Cash Dividend Declared Per Share ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 180.71 494.09 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.00 489.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.25 489.21 Td (1.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.00 489.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.25 489.21 Td (1.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.00 489.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 489.21 Td (0.86) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.00 489.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 489.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 489.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.25 489.21 Td (0.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.00 485.25 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 471.45 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 68.00 471.45 Td (For information on dividends declared to shareholders and share repurchases, see ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 362.90 471.45 Td (Liquidity and Capital Resour) Tj ET Q q 0 0 0 rg BT 467.82 471.45 Td (ces) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.31 471.45 Td ( below) Tj ET Q q 0 0 0 rg BT 502.98 471.45 Td (.) Tj ET Q endstream endobj 87 0 obj <>] /Rotate 0 /Contents 88 0 R>> endobj 88 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (43) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 59 740.68505859375 m 533.0625 740.68505859375 l s q 0 0 0 rg BT 59.00 742.25 Td (Supplementary Financial Information ) Tj ET Q q 0 0 0 rg BT 231.99 742.25 Td (Adjusted Earnings Per Share \(Adjusted EPS\) \(Non-GAAP) Tj ET Q q 0 0 0 rg BT 482.22 742.25 Td (Discussion\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 724.25 Td (W) Tj ET Q q 0 0 0 rg BT 67.64 724.25 Td (e ) Tj ET Q q 0 0 0 rg BT 74.75 724.25 Td (use ) Tj ET Q q 0 0 0 rg BT 90.76 724.25 Td (a ) Tj ET Q q 0 0 0 rg BT 97.87 724.25 Td (number ) Tj ET Q q 0 0 0 rg BT 131.09 724.25 Td (of ) Tj ET Q q 0 0 0 rg BT 142.10 724.25 Td (dif) Tj ET Q q 0 0 0 rg BT 153.02 724.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 179.01 724.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 216.67 724.25 Td (measures, ) Tj ET Q q 0 0 0 rg BT 259.05 724.25 Td (both ) Tj ET Q q 0 0 0 rg BT 279.50 724.25 Td (United ) Tj ET Q q 0 0 0 rg BT 309.40 724.25 Td (States ) Tj ET Q q 0 0 0 rg BT 335.96 724.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 375.83 724.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 413.48 724.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 460.03 724.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 502.13 724.25 Td (\(GAAP\) ) Tj ET Q q 0 0 0 rg BT 547.57 724.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 94.45 712.25 Td (, ) Tj ET Q q 0 0 0 rg BT 99.40 712.25 Td (in ) Tj ET Q q 0 0 0 rg BT 109.62 712.25 Td (assessing ) Tj ET Q q 0 0 0 rg BT 149.29 712.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.96 712.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 194.17 712.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 247.14 712.25 Td (of ) Tj ET Q q 0 0 0 rg BT 257.92 712.25 Td (our ) Tj ET Q q 0 0 0 rg BT 273.69 712.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 312.36 712.25 Td (T) Tj ET Q q 0 0 0 rg BT 317.77 712.25 Td (o ) Tj ET Q q 0 0 0 rg BT 325.21 712.25 Td (supplement ) Tj ET Q q 0 0 0 rg BT 373.76 712.25 Td (our ) Tj ET Q q 0 0 0 rg BT 389.54 712.25 Td (results ) Tj ET Q q 0 0 0 rg BT 418.10 712.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 455.52 712.25 Td (in ) Tj ET Q q 0 0 0 rg BT 465.75 712.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 513.16 712.25 Td (with ) Tj ET Q q 0 0 0 rg BT 533.38 712.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 559.50 712.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (we ) Tj ET Q q 0 0 0 rg BT 65.62 700.25 Td (use ) Tj ET Q q 0 0 0 rg BT 82.92 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 99.10 700.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 136.38 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 147.80 700.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 187.87 700.25 Td (EPS, ) Tj ET Q q 0 0 0 rg BT 211.57 700.25 Td (which ) Tj ET Q q 0 0 0 rg BT 239.97 700.25 Td (is ) Tj ET Q q 0 0 0 rg BT 250.60 700.25 Td (a ) Tj ET Q q 0 0 0 rg BT 259.01 700.25 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 304.19 700.25 Td ( ) Tj ET Q q 0 0 0 rg BT 308.16 700.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 347.10 700.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 384.38 700.25 Td (as ) Tj ET Q q 0 0 0 rg BT 396.68 700.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 430.63 700.25 Td (by ) Tj ET Q q 0 0 0 rg BT 444.59 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 460.77 700.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 504.17 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 522.57 700.25 Td (Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (Commission ) Tj ET Q q 0 0 0 rg BT 103.42 688.25 Td (\(SEC\). ) Tj ET Q q 0 0 0 rg BT 142.44 688.25 Td (The ) Tj ET Q q 0 0 0 rg BT 160.83 688.25 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 206.02 688.25 Td ( ) Tj ET Q q 0 0 0 rg BT 208.87 688.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 246.70 688.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 282.86 688.25 Td (of ) Tj ET Q q 0 0 0 rg BT 293.41 688.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 332.37 688.25 Td (EPS ) Tj ET Q q 0 0 0 rg BT 352.45 688.25 Td (is ) Tj ET Q q 0 0 0 rg BT 361.97 688.25 Td (not ) Tj ET Q q 0 0 0 rg BT 377.60 688.25 Td (intended ) Tj ET Q q 0 0 0 rg BT 414.88 688.25 Td (as ) Tj ET Q q 0 0 0 rg BT 426.06 688.25 Td (a ) Tj ET Q q 0 0 0 rg BT 433.34 688.25 Td (substitute ) Tj ET Q q 0 0 0 rg BT 474.53 688.25 Td (or ) Tj ET Q q 0 0 0 rg BT 485.71 688.25 Td (as ) Tj ET Q q 0 0 0 rg BT 496.89 688.25 Td (an ) Tj ET Q q 0 0 0 rg BT 509.17 688.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 554.22 688.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 80.67 676.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 117.44 676.25 Td (per ) Tj ET Q q 0 0 0 rg BT 133.11 676.25 Td (share ) Tj ET Q q 0 0 0 rg BT 157.10 676.25 Td (as ) Tj ET Q q 0 0 0 rg BT 168.33 676.25 Td (an ) Tj ET Q q 0 0 0 rg BT 180.66 676.25 Td (indicator ) Tj ET Q q 0 0 0 rg BT 219.10 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 230.32 676.25 Td (our ) Tj ET Q q 0 0 0 rg BT 246.55 676.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 299.97 676.25 Td (or ) Tj ET Q q 0 0 0 rg BT 311.19 676.25 Td (any ) Tj ET Q q 0 0 0 rg BT 328.53 676.25 Td (other ) Tj ET Q q 0 0 0 rg BT 351.97 676.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 388.18 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 399.40 676.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 452.82 676.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 485.70 676.25 Td (in ) Tj ET Q q 0 0 0 rg BT 496.38 676.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 544.23 676.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 76.12 664.25 Td (. ) Tj ET Q q 0 0 0 rg BT 82.52 664.25 Td (In ) Tj ET Q q 0 0 0 rg BT 94.76 664.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 133.94 664.25 Td (our ) Tj ET Q q 0 0 0 rg BT 151.17 664.25 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 196.36 664.25 Td ( ) Tj ET Q q 0 0 0 rg BT 200.27 664.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 239.15 664.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 280.27 664.25 Td (may ) Tj ET Q q 0 0 0 rg BT 301.39 664.25 Td (be ) Tj ET Q q 0 0 0 rg BT 314.73 664.25 Td (dif) Tj ET Q q 0 0 0 rg BT 325.66 664.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 352.88 664.25 Td (from ) Tj ET Q q 0 0 0 rg BT 376.23 664.25 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 421.41 664.25 Td ( ) Tj ET Q q 0 0 0 rg BT 425.32 664.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 464.20 664.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 505.32 664.25 Td (used ) Tj ET Q q 0 0 0 rg BT 527.55 664.25 Td (by ) Tj ET Q q 0 0 0 rg BT 541.46 664.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (companies, ) Tj ET Q q 0 0 0 rg BT 96.73 652.25 Td (limiting ) Tj ET Q q 0 0 0 rg BT 129.86 652.25 Td (their ) Tj ET Q q 0 0 0 rg BT 149.64 652.25 Td (usefulness ) Tj ET Q q 0 0 0 rg BT 192.76 652.25 Td (for ) Tj ET Q q 0 0 0 rg BT 205.89 652.25 Td (comparison ) Tj ET Q q 0 0 0 rg BT 254.00 652.25 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 293.41 652.25 Td (W) Tj ET Q q 0 0 0 rg BT 302.05 652.25 Td (e ) Tj ET Q q 0 0 0 rg BT 307.95 652.25 Td (use ) Tj ET Q q 0 0 0 rg BT 322.74 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.42 652.25 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 381.60 652.25 Td ( ) Tj ET Q q 0 0 0 rg BT 383.06 652.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 419.51 652.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 454.28 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 463.75 652.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 501.32 652.25 Td (EPS ) Tj ET Q q 0 0 0 rg BT 520.01 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 529.25 652.25 Td (enhance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.68 640.25 Td (usefulness ) Tj ET Q q 0 0 0 rg BT 108.81 640.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.60 640.25 Td (our ) Tj ET Q q 0 0 0 rg BT 135.40 640.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 172.85 640.25 Td (information ) Tj ET Q q 0 0 0 rg BT 222.52 640.25 Td (by ) Tj ET Q q 0 0 0 rg BT 234.99 640.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 276.34 640.25 Td (a ) Tj ET Q q 0 0 0 rg BT 283.25 640.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 319.03 640.25 Td (which ) Tj ET Q q 0 0 0 rg BT 345.93 640.25 Td (management ) Tj ET Q q 0 0 0 rg BT 399.49 640.25 Td (internally ) Tj ET Q q 0 0 0 rg BT 440.27 640.25 Td (uses ) Tj ET Q q 0 0 0 rg BT 459.96 640.25 Td (to ) Tj ET Q q 0 0 0 rg BT 470.21 640.25 Td (assess ) Tj ET Q q 0 0 0 rg BT 497.11 640.25 Td (and ) Tj ET Q q 0 0 0 rg BT 514.02 640.25 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 549.79 640.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 80.26 628.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 133.29 628.25 Td (and ) Tj ET Q q 0 0 0 rg BT 150.22 628.25 Td (highlight ) Tj ET Q q 0 0 0 rg BT 188.84 628.25 Td (trends ) Tj ET Q q 0 0 0 rg BT 215.78 628.25 Td (in ) Tj ET Q q 0 0 0 rg BT 226.05 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.77 628.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 276.05 628.25 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 610.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 97.86 610.25 Td (EPS ) Tj ET Q q 0 0 0 rg BT 117.84 610.25 Td (excludes ) Tj ET Q q 0 0 0 rg BT 155.58 610.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 185.53 610.25 Td (income ) Tj ET Q q 0 0 0 rg BT 217.71 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 234.90 610.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 269.86 610.25 Td (items ) Tj ET Q q 0 0 0 rg BT 294.28 610.25 Td (that ) Tj ET Q q 0 0 0 rg BT 312.02 610.25 Td (are ) Tj ET Q q 0 0 0 rg BT 326.98 610.25 Td (not ) Tj ET Q q 0 0 0 rg BT 342.51 610.25 Td (representative ) Tj ET Q q 0 0 0 rg BT 401.34 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 412.42 610.25 Td (our ) Tj ET Q q 0 0 0 rg BT 428.50 610.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 464.03 610.25 Td (business ) Tj ET Q q 0 0 0 rg BT 500.67 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 517.86 610.25 Td (operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (which ) Tj ET Q q 0 0 0 rg BT 77.43 598.25 Td (are ) Tj ET Q q 0 0 0 rg BT 92.63 598.25 Td (included ) Tj ET Q q 0 0 0 rg BT 130.06 598.25 Td (in ) Tj ET Q q 0 0 0 rg BT 140.84 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.05 598.25 Td (calculation ) Tj ET Q q 0 0 0 rg BT 202.91 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.23 598.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 245.00 598.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 281.87 598.25 Td (per ) Tj ET Q q 0 0 0 rg BT 297.64 598.25 Td (share ) Tj ET Q q 0 0 0 rg BT 321.73 598.25 Td (in ) Tj ET Q q 0 0 0 rg BT 332.50 598.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 380.46 598.25 Td (with ) Tj ET Q q 0 0 0 rg BT 401.23 598.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 427.35 598.25 Td (. ) Tj ET Q q 0 0 0 rg BT 432.63 598.25 Td (The ) Tj ET Q q 0 0 0 rg BT 451.17 598.25 Td (following ) Tj ET Q q 0 0 0 rg BT 493.05 598.25 Td (items ) Tj ET Q q 0 0 0 rg BT 517.71 598.25 Td (are ) Tj ET Q q 0 0 0 rg BT 532.91 598.25 Td (not ) Tj ET Q q 0 0 0 rg BT 548.68 598.25 Td (all-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (inclusive, ) Tj ET Q q 0 0 0 rg BT 89.95 586.25 Td (but ) Tj ET Q q 0 0 0 rg BT 104.08 586.25 Td (are ) Tj ET Q q 0 0 0 rg BT 117.63 586.25 Td (examples ) Tj ET Q q 0 0 0 rg BT 156.74 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.42 586.25 Td (reconciling ) Tj ET Q q 0 0 0 rg BT 212.75 586.25 Td (items ) Tj ET Q q 0 0 0 rg BT 235.76 586.25 Td (in ) Tj ET Q q 0 0 0 rg BT 244.89 586.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 265.67 586.25 Td (comparative ) Tj ET Q q 0 0 0 rg BT 316.44 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 332.23 586.25 Td (future ) Tj ET Q q 0 0 0 rg BT 357.45 586.25 Td (periods. ) Tj ET Q q 0 0 0 rg BT 390.64 586.25 Td (They ) Tj ET Q q 0 0 0 rg BT 412.53 586.25 Td (would ) Tj ET Q q 0 0 0 rg BT 438.88 586.25 Td (include ) Tj ET Q q 0 0 0 rg BT 469.66 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 483.23 586.25 Td (results ) Tj ET Q q 0 0 0 rg BT 510.68 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.36 586.25 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.55 574.25 Td (our ) Tj ET Q q 0 0 0 rg BT 78.11 574.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 119.64 574.25 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 172.58 574.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 221.90 574.25 Td (char) Tj ET Q q 0 0 0 rg BT 238.93 574.25 Td (ges, ) Tj ET Q q 0 0 0 rg BT 257.98 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 273.42 574.25 Td (ef) Tj ET Q q 0 0 0 rg BT 281.01 574.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 299.22 574.25 Td (of ) Tj ET Q q 0 0 0 rg BT 310.77 574.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 353.97 574.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 403.86 574.25 Td (not ) Tj ET Q q 0 0 0 rg BT 419.86 574.25 Td (designated ) Tj ET Q q 0 0 0 rg BT 465.85 574.25 Td (as ) Tj ET Q q 0 0 0 rg BT 477.40 574.25 Td (hedging ) Tj ET Q q 0 0 0 rg BT 512.84 574.25 Td (instruments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 94.40 562.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 117.69 562.25 Td (or ) Tj ET Q q 0 0 0 rg BT 128.21 562.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 154.29 562.25 Td (from ) Tj ET Q q 0 0 0 rg BT 175.91 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.32 562.25 Td (disposition ) Tj ET Q q 0 0 0 rg BT 236.40 562.25 Td (or ) Tj ET Q q 0 0 0 rg BT 246.92 562.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 300.20 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 310.71 562.25 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 357.62 562.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 380.92 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 397.54 562.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 423.62 562.25 Td (on ) Tj ET Q q 0 0 0 rg BT 435.81 562.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 461.32 562.25 Td (held ) Tj ET Q q 0 0 0 rg BT 480.73 562.25 Td (for ) Tj ET Q q 0 0 0 rg BT 494.57 562.25 Td (sale, ) Tj ET Q q 0 0 0 rg BT 514.81 562.25 Td (transaction-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (related ) Tj ET Q q 0 0 0 rg BT 79.93 550.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 105.17 550.25 Td (income ) Tj ET Q q 0 0 0 rg BT 137.33 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 154.50 550.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 172.80 550.25 Td (on ) Tj ET Q q 0 0 0 rg BT 185.53 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 200.48 550.25 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 264.87 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 275.93 550.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 295.88 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 313.05 550.25 Td (other ) Tj ET Q q 0 0 0 rg BT 336.33 550.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 381.27 550.25 Td (items ) Tj ET Q q 0 0 0 rg BT 405.67 550.25 Td (that ) Tj ET Q q 0 0 0 rg BT 423.40 550.25 Td (would ) Tj ET Q q 0 0 0 rg BT 451.13 550.25 Td (not ) Tj ET Q q 0 0 0 rg BT 466.64 550.25 Td (be ) Tj ET Q q 0 0 0 rg BT 478.81 550.25 Td (representative ) Tj ET Q q 0 0 0 rg BT 537.62 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 548.68 550.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 85.28 538.25 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 520.25 Td (In ) Tj ET Q q 0 0 0 rg BT 69.86 520.25 Td (order ) Tj ET Q q 0 0 0 rg BT 93.49 520.25 Td (to ) Tj ET Q q 0 0 0 rg BT 103.80 520.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 136.88 520.25 Td (a ) Tj ET Q q 0 0 0 rg BT 143.85 520.25 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 191.92 520.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 214.46 520.25 Td (for ) Tj ET Q q 0 0 0 rg BT 228.65 520.25 Td (comparison, ) Tj ET Q q 0 0 0 rg BT 280.34 520.25 Td (we ) Tj ET Q q 0 0 0 rg BT 294.53 520.25 Td (are ) Tj ET Q q 0 0 0 rg BT 309.27 520.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 350.68 520.25 Td (information ) Tj ET Q q 0 0 0 rg BT 400.43 520.25 Td (with ) Tj ET Q q 0 0 0 rg BT 420.74 520.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 451.59 520.25 Td (to ) Tj ET Q q 0 0 0 rg BT 461.90 520.25 Td (our ) Tj ET Q q 0 0 0 rg BT 477.20 520.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 515.84 520.25 Td (EPS ) Tj ET Q q 0 0 0 rg BT 535.60 520.25 Td (for ) Tj ET Q q 0 0 0 rg BT 549.79 520.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (years ) Tj ET Q q 0 0 0 rg BT 73.08 508.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.93 508.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 157.00 508.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 181.48 508.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 203.45 508.25 Td (and ) Tj ET Q q 0 0 0 rg BT 219.87 508.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.87 508.25 Td (, ) Tj ET Q q 0 0 0 rg BT 244.35 508.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 292.01 508.25 Td (, ) Tj ET Q q 0 0 0 rg BT 296.49 508.25 Td (reconciled ) Tj ET Q q 0 0 0 rg BT 340.11 508.25 Td (for ) Tj ET Q q 0 0 0 rg BT 353.75 508.25 Td (each ) Tj ET Q q 0 0 0 rg BT 374.04 508.25 Td (such ) Tj ET Q q 0 0 0 rg BT 394.35 508.25 Td (period ) Tj ET Q q 0 0 0 rg BT 421.88 508.25 Td (to ) Tj ET Q q 0 0 0 rg BT 431.64 508.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 461.39 508.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 497.25 508.25 Td (per ) Tj ET Q q 0 0 0 rg BT 511.99 508.25 Td (share, ) Tj ET Q q 0 0 0 rg BT 537.57 508.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.17 496.25 Td (believed ) Tj ET Q q 0 0 0 rg BT 95.54 496.25 Td (to ) Tj ET Q q 0 0 0 rg BT 105.82 496.25 Td (be ) Tj ET Q q 0 0 0 rg BT 117.76 496.25 Td (the ) Tj ET Q q 0 0 0 rg BT 132.48 496.25 Td (most ) Tj ET Q q 0 0 0 rg BT 154.42 496.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 187.47 496.25 Td (comparable ) Tj ET Q q 0 0 0 rg BT 236.61 496.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 272.42 496.25 Td (under ) Tj ET Q q 0 0 0 rg BT 297.69 496.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 324.55 496.25 Td ( ) Tj ET Q q 0 0 0 rg BT 327.05 496.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 340.65 496.25 Td (millions, ) Tj ET Q q 0 0 0 rg BT 378.44 496.25 Td (except ) Tj ET Q q 0 0 0 rg BT 407.03 496.25 Td (per ) Tj ET Q q 0 0 0 rg BT 422.30 496.25 Td (share ) Tj ET Q q 0 0 0 rg BT 445.90 496.25 Td (amounts\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 442.95 292.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 442.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 442.95 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 442.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 442.95 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 442.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 442.95 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 412.95 292.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 412.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 412.95 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 412.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 412.95 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 412.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 412.95 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 455.95 m 415.5 455.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 455.95 m 419.5 455.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 455.95 m 488.5 455.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 455.95 m 492.5 455.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 455.95 m 562.5 455.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 455.95 m 415.5 455.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 442.95 m 415.5 442.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 455.95 m 419.5 455.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 455.95 m 488.5 455.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 442.95 m 488.5 442.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 455.95 m 562.5 455.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 442.95 m 562.5 442.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 442.95 m 415.5 442.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 442.95 m 488.5 442.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 442.95 m 562.5 442.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 412.95 m 415.5 412.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 412.95 m 488.5 412.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 412.95 m 415.5 412.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 398.95 m 415.5 398.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 396.95 m 415.5 396.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 412.95 m 488.5 412.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 398.95 m 488.5 398.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 396.95 m 488.5 396.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 412.95 m 562.5 412.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 398.95 m 562.5 398.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 396.95 m 562.5 396.95 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.05 460.18 Td (YearsEnded December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 447.20 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.50 447.18 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.50 447.18 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 447.18 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 432.62 Td (Diluted \(Loss\) Earnings Per Share from Continuing Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.00 432.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.80 432.67 Td (\(0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 432.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.00 432.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 432.62 Td (0.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 432.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 432.67 Td (\(0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 432.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 417.62 Td (Reconciling items ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 127.99 422.15 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.56 417.62 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.80 417.67 Td (\(0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 417.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 417.67 Td (\(0.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 417.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 417.62 Td (0.40) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 402.63 Td (Adjusted EPS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.00 402.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.80 402.67 Td (\(0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 402.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.00 402.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 402.62 Td (0.07) Tj ET Q BT 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 556.17 Td (Pro forma income tax impact ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 172.13 560.70 Td (\(d\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 556.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 556.22 Td (\(20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 556.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 556.22 Td (\(32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 556.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 542.07 Td (Impact of IRS audit settlement ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 178.25 546.60 Td (\(e\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 542.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 542.12 Td (\(93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 542.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 542.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 527.17 Td (Adjustment to uncertain tax 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activity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 484.07 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 484.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 484.07 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 469.18 Td (Total Continuing Operations Reconciling Items, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.00 469.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.30 469.22 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 469.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.00 469.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 469.22 Td (\(59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 469.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 469.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 469.17 Td (52) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 450.18 Td (Diluted \(Loss\) Earnings Per Share Impact) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.00 450.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.80 450.22 Td (\(0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 450.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.00 450.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 450.22 Td (\(0.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 450.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 450.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 450.17 Td (0.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 432.17 Td (Weighted Average Diluted Shares Outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 432.17 Td (129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 432.17 Td (133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 432.17 Td (130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.00 428.00 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 406.40 Td (\(a\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.50 406.40 Td (For ) Tj ET Q q 0 0 0 rg BT 87.53 406.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 126.06 406.40 Td (information, ) Tj ET Q q 0 0 0 rg BT 173.33 406.40 Td (see ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 187.35 406.40 Td (Item ) Tj ET Q q 0 0 0 rg BT 205.88 406.40 Td (8. ) Tj ET Q q 0 0 0 rg BT 215.16 406.40 Td (Financial ) Tj ET Q q 0 0 0 rg BT 252.69 406.40 Td (Statements ) Tj ET Q q 0 0 0 rg BT 294.03 406.40 Td (And ) Tj ET Q q 0 0 0 rg BT 311.06 406.40 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 367.58 406.40 Td (Information ) Tj ET Q q 0 0 0 rg BT 413.11 406.40 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.65 406.40 Td (Note ) Tj ET Q q 0 0 0 rg BT 443.18 406.40 Td (14.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.43 406.40 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.96 406.40 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 513.48 406.40 Td (Information) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 556.48 406.40 Td ( ) Tj ET Q q 0 0 0 rg BT 559.01 406.40 Td (- ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.50 395.60 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 116.74 395.60 Td (char) Tj ET Q q 0 0 0 rg BT 132.91 395.60 Td (ges.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 384.80 Td (\(b\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 60.49 384.80 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.50 384.80 Td (The ) Tj ET Q q 0 0 0 rg BT 88.19 384.80 Td (year ) Tj ET Q q 0 0 0 rg BT 105.37 384.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 128.56 384.80 Td (December ) Tj ET Q q 0 0 0 rg BT 167.23 384.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 180.17 384.80 Td (2015 ) Tj ET Q q 0 0 0 rg BT 199.87 384.80 Td (included ) Tj ET Q q 0 0 0 rg BT 232.56 384.80 Td ($6 ) Tj ET Q q 0 0 0 rg BT 243.25 384.80 Td (million ) Tj ET Q q 0 0 0 rg BT 270.95 384.80 Td (of ) Tj ET Q q 0 0 0 rg BT 280.15 384.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 299.84 384.80 Td (incurred ) Tj ET Q q 0 0 0 rg BT 331.52 384.80 Td (in ) Tj ET Q q 0 0 0 rg BT 340.22 384.80 Td (connection ) Tj ET Q q 0 0 0 rg BT 381.40 384.80 Td (with ) Tj ET Q q 0 0 0 rg BT 399.10 384.80 Td (separation ) Tj ET Q q 0 0 0 rg BT 437.78 384.80 Td (agreements ) Tj ET Q q 0 0 0 rg BT 480.45 384.80 Td (related ) Tj ET Q q 0 0 0 rg BT 506.63 384.80 Td (to ) Tj ET Q q 0 0 0 rg BT 515.33 384.80 Td (the ) Tj ET Q q 0 0 0 rg BT 528.02 384.80 Td (departure ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.50 374.00 Td (of ) Tj ET Q q 0 0 0 rg BT 81.82 374.00 Td (two ) Tj ET Q q 0 0 0 rg BT 97.14 374.00 Td (executive ) Tj ET Q q 0 0 0 rg BT 133.45 374.00 Td (of) Tj ET Q q 0 0 0 rg BT 140.78 374.00 Td (ficers ) Tj ET Q q 0 0 0 rg BT 162.59 374.00 Td (of ) Tj ET Q q 0 0 0 rg BT 171.91 374.00 Td (which ) Tj ET Q q 0 0 0 rg BT 195.73 374.00 Td ($4 ) Tj ET Q q 0 0 0 rg BT 206.56 374.00 Td (million ) Tj ET Q q 0 0 0 rg BT 234.38 374.00 Td (relates ) Tj ET Q q 0 0 0 rg BT 259.69 374.00 Td (to ) Tj ET Q q 0 0 0 rg BT 268.51 374.00 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 302.83 374.00 Td (compensation. ) Tj ET Q q 0 0 0 rg BT 356.76 374.00 Td (The ) Tj ET Q q 0 0 0 rg BT 372.57 374.00 Td (year ) Tj ET Q q 0 0 0 rg BT 389.88 374.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 413.19 374.00 Td (December ) Tj ET Q q 0 0 0 rg BT 451.99 374.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 465.07 374.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 484.89 374.00 Td (included ) Tj ET Q q 0 0 0 rg BT 517.71 374.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 544.01 374.00 Td (costs ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.50 363.20 Td (incurred ) Tj ET Q q 0 0 0 rg BT 104.73 363.20 Td (in ) Tj ET Q q 0 0 0 rg BT 113.98 363.20 Td (connection ) Tj ET Q q 0 0 0 rg BT 155.72 363.20 Td (with ) Tj ET Q q 0 0 0 rg BT 173.97 363.20 Td (cost ) Tj ET Q q 0 0 0 rg BT 190.72 363.20 Td (savings ) Tj ET Q q 0 0 0 rg BT 219.97 363.20 Td (initiatives.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 352.40 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 72.50 352.40 Td (Gain ) Tj ET Q q 0 0 0 rg BT 91.74 352.40 Td (on ) Tj ET Q q 0 0 0 rg BT 102.48 352.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 125.23 352.40 Td (sales ) Tj ET Q q 0 0 0 rg BT 144.46 352.40 Td (for ) Tj ET Q q 0 0 0 rg BT 156.70 352.40 Td (the ) Tj ET Q q 0 0 0 rg BT 169.44 352.40 Td (year ) Tj ET Q q 0 0 0 rg BT 186.67 352.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 209.91 352.40 Td (December ) Tj ET Q q 0 0 0 rg BT 248.63 352.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 261.62 352.40 Td (2016, ) Tj ET Q q 0 0 0 rg BT 283.62 352.40 Td (is ) Tj ET Q q 0 0 0 rg BT 291.37 352.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 326.60 352.40 Td (due ) Tj ET Q q 0 0 0 rg BT 341.34 352.40 Td (to ) Tj ET Q q 0 0 0 rg BT 350.08 352.40 Td (the ) Tj ET Q q 0 0 0 rg BT 362.82 352.40 Td (sale ) Tj ET Q q 0 0 0 rg BT 378.56 352.40 Td (of ) Tj ET Q q 0 0 0 rg BT 387.80 352.40 Td (our ) Tj ET Q q 0 0 0 rg BT 401.54 352.40 Td (interests ) Tj ET Q q 0 0 0 rg BT 433.28 352.40 Td (in ) Tj ET Q q 0 0 0 rg BT 442.03 352.40 Td (China. ) Tj ET Q q 0 0 0 rg BT 467.52 352.40 Td (For ) Tj ET Q q 0 0 0 rg BT 481.77 352.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 519.50 352.40 Td (information ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.50 341.60 Td (see) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 83.99 341.60 Td ( ) Tj ET Q q 0 0 0 rg BT 86.24 341.60 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 113.48 341.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 150.73 341.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 191.81 341.60 Td (And ) Tj ET Q q 0 0 0 rg BT 208.55 341.60 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 264.79 341.60 Td (Data ) Tj ET Q q 0 0 0 rg BT 285.04 341.60 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.29 341.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 314.54 341.60 Td (4.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 321.29 341.60 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.54 341.60 Td (Dispositions, ) Tj ET Q q 0 0 0 rg BT 372.89 341.60 Td (Assets ) Tj ET Q q 0 0 0 rg BT 397.64 341.60 Td (Held ) Tj ET Q q 0 0 0 rg BT 417.38 341.60 Td (for ) Tj ET Q q 0 0 0 rg BT 430.14 341.60 Td (Sale ) Tj ET Q q 0 0 0 rg BT 447.88 341.60 Td (and ) Tj ET Q q 0 0 0 rg BT 463.63 341.60 Td (Discontinued ) Tj ET Q q 0 0 0 rg BT 513.87 341.60 Td (Operations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.37 341.60 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 330.80 Td (\(d\) ) Tj ET Q q 0 0 0 rg BT 72.50 330.80 Td (W) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.27 330.80 Td (e ) Tj ET Q q 0 0 0 rg BT 86.52 330.80 Td (calculate ) Tj ET Q q 0 0 0 rg BT 120.74 330.80 Td (the ) Tj ET Q q 0 0 0 rg BT 133.99 330.80 Td (federal ) Tj ET Q q 0 0 0 rg BT 161.22 330.80 Td (and ) Tj ET Q q 0 0 0 rg BT 176.46 330.80 Td (state ) Tj ET Q q 0 0 0 rg BT 195.20 330.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 208.45 330.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 235.19 330.80 Td (of ) Tj ET Q q 0 0 0 rg BT 244.94 330.80 Td (each ) Tj ET Q q 0 0 0 rg BT 263.67 330.80 Td (item ) Tj ET Q q 0 0 0 rg BT 281.92 330.80 Td (using ) Tj ET Q q 0 0 0 rg BT 303.67 330.80 Td (the ) Tj ET Q q 0 0 0 rg BT 316.92 330.80 Td (statutory ) Tj ET Q q 0 0 0 rg BT 350.66 330.80 Td (federal ) Tj ET Q q 0 0 0 rg BT 377.89 330.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 391.13 330.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 406.87 330.80 Td (and ) Tj ET Q q 0 0 0 rg BT 422.12 330.80 Td (applicable ) Tj ET Q q 0 0 0 rg BT 461.35 330.80 Td (blended ) Tj ET Q q 0 0 0 rg BT 492.09 330.80 Td (state ) Tj ET Q q 0 0 0 rg BT 510.83 330.80 Td (rate. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 318.80 Td (\(e\) ) Tj ET Q q 0 0 0 rg BT 72.50 318.80 Td (For ) Tj ET Q q 0 0 0 rg BT 87.25 318.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 125.49 318.80 Td (information, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 172.48 318.80 Td (see ) Tj ET Q q 0 0 0 rg BT 186.23 318.80 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 213.47 318.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 250.71 318.80 Td (Statements ) Tj ET Q q 0 0 0 rg BT 291.79 318.80 Td (And ) Tj ET Q q 0 0 0 rg BT 308.54 318.80 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 364.78 318.80 Td (Data ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 385.03 318.80 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.28 318.80 Td (Note ) Tj ET Q q 0 0 0 rg BT 414.53 318.80 Td (15.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.78 318.80 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 428.03 318.80 Td (Income ) Tj ET Q q 0 0 0 rg BT 459.96 318.80 Td (T) Tj ET Q q 0 0 0 rg BT 464.60 318.80 Td (axes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.37 318.80 Td (.) Tj ET Q endstream endobj 91 0 obj <>] /Rotate 0 /Contents 92 0 R>> endobj 92 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 29.10 Td (45) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 743.18505859375 m 401.8779296875 743.18505859375 l s q 0 0 0 rg BT 49.50 744.75 Td (Supplementary Financial Information ) Tj ET Q q 0 0 0 rg BT 222.49 744.75 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 297.79 744.75 Td ( \(Non-GAAP) Tj ET Q q 0 0 0 rg BT 351.03 744.75 Td (Discussion\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 726.75 Td (T) Tj ET Q q 0 0 0 rg BT 66.91 726.75 Td (o ) Tj ET Q q 0 0 0 rg BT 73.83 726.75 Td (supplement ) Tj ET Q q 0 0 0 rg BT 121.86 726.75 Td (our ) Tj ET Q q 0 0 0 rg BT 137.11 726.75 Td (results ) Tj ET Q q 0 0 0 rg BT 165.14 726.75 Td (prepared ) Tj ET Q q 0 0 0 rg BT 202.03 726.75 Td (in ) Tj ET Q q 0 0 0 rg BT 211.73 726.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 258.62 726.75 Td (with ) Tj ET Q q 0 0 0 rg BT 278.32 726.75 Td (GAAP) Tj ET Q q 0 0 0 rg BT 304.43 726.75 Td (, ) Tj ET Q q 0 0 0 rg BT 308.86 726.75 Td (we ) Tj ET Q q 0 0 0 rg BT 322.44 726.75 Td (use ) Tj ET Q q 0 0 0 rg BT 337.69 726.75 Td (the ) Tj ET Q q 0 0 0 rg BT 351.83 726.75 Td (measure ) Tj ET Q q 0 0 0 rg BT 387.06 726.75 Td (of ) Tj ET Q q 0 0 0 rg BT 396.89 726.75 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 434.92 726.75 Td (EBITDA, ) Tj ET Q q 0 0 0 rg BT 476.00 726.75 Td (which ) Tj ET Q q 0 0 0 rg BT 502.36 726.75 Td (is ) Tj ET Q q 0 0 0 rg BT 510.95 726.75 Td (a ) Tj ET Q q 0 0 0 rg BT 517.31 726.75 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 562.50 726.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.56 714.75 Td (measure ) Tj ET Q q 0 0 0 rg BT 121.95 714.75 Td (as ) Tj ET Q q 0 0 0 rg BT 132.36 714.75 Td (defined ) Tj ET Q q 0 0 0 rg BT 164.42 714.75 Td (by ) Tj ET Q q 0 0 0 rg BT 176.49 714.75 Td (the ) Tj ET Q q 0 0 0 rg BT 190.79 714.75 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 213.55 714.75 Td (This ) Tj ET Q q 0 0 0 rg BT 233.41 714.75 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 278.59 714.75 Td ( ) Tj ET Q q 0 0 0 rg BT 280.67 714.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 317.73 714.75 Td (measure ) Tj ET Q q 0 0 0 rg BT 353.12 714.75 Td (is ) Tj ET Q q 0 0 0 rg BT 361.87 714.75 Td (described ) Tj ET Q q 0 0 0 rg BT 402.26 714.75 Td (below) Tj ET Q q 0 0 0 rg BT 426.05 714.75 Td (, ) Tj ET Q q 0 0 0 rg BT 430.63 714.75 Td (and ) Tj ET Q q 0 0 0 rg BT 447.14 714.75 Td (is ) Tj ET Q q 0 0 0 rg BT 455.89 714.75 Td (not ) Tj ET Q q 0 0 0 rg BT 470.74 714.75 Td (intended ) Tj ET Q q 0 0 0 rg BT 507.25 714.75 Td (as ) Tj ET Q q 0 0 0 rg BT 517.66 714.75 Td (a ) Tj ET Q q 0 0 0 rg BT 524.17 714.75 Td (substitute ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.75 Td (and ) Tj ET Q q 0 0 0 rg BT 65.94 702.75 Td (should ) Tj ET Q q 0 0 0 rg BT 94.60 702.75 Td (not ) Tj ET Q q 0 0 0 rg BT 109.38 702.75 Td (be ) Tj ET Q q 0 0 0 rg BT 120.81 702.75 Td (considered ) Tj ET Q q 0 0 0 rg BT 166.13 702.75 Td (in ) Tj ET Q q 0 0 0 rg BT 175.90 702.75 Td (isolation ) Tj ET Q q 0 0 0 rg BT 212.34 702.75 Td (from ) Tj ET Q q 0 0 0 rg BT 233.78 702.75 Td (measures ) Tj ET Q q 0 0 0 rg BT 272.98 702.75 Td (of ) Tj ET Q q 0 0 0 rg BT 283.31 702.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 320.29 702.75 Td (performance ) Tj ET Q q 0 0 0 rg BT 372.81 702.75 Td (prepared ) Tj ET Q q 0 0 0 rg BT 409.78 702.75 Td (in ) Tj ET Q q 0 0 0 rg BT 419.55 702.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 466.51 702.75 Td (with ) Tj ET Q q 0 0 0 rg BT 486.29 702.75 Td (GAAP) Tj ET Q q 0 0 0 rg BT 512.41 702.75 Td (. ) Tj ET Q q 0 0 0 rg BT 516.90 702.75 Td (In ) Tj ET Q q 0 0 0 rg BT 527.23 702.75 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.75 Td (our ) Tj ET Q q 0 0 0 rg BT 65.01 690.75 Td (use ) Tj ET Q q 0 0 0 rg BT 80.53 690.75 Td (of ) Tj ET Q q 0 0 0 rg BT 91.04 690.75 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 136.23 690.75 Td ( ) Tj ET Q q 0 0 0 rg BT 138.41 690.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 175.58 690.75 Td (measures ) Tj ET Q q 0 0 0 rg BT 214.97 690.75 Td (may ) Tj ET Q q 0 0 0 rg BT 234.37 690.75 Td (be ) Tj ET Q q 0 0 0 rg BT 245.99 690.75 Td (dif) Tj ET Q q 0 0 0 rg BT 256.92 690.75 Td (ferent ) Tj ET Q q 0 0 0 rg BT 282.42 690.75 Td (from ) Tj ET Q q 0 0 0 rg BT 304.04 690.75 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 349.23 690.75 Td ( ) Tj ET Q q 0 0 0 rg BT 351.41 690.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 388.58 690.75 Td (measures ) Tj ET Q q 0 0 0 rg BT 427.97 690.75 Td (used ) Tj ET Q q 0 0 0 rg BT 448.48 690.75 Td (by ) Tj ET Q q 0 0 0 rg BT 460.66 690.75 Td (other ) Tj ET Q q 0 0 0 rg BT 483.40 690.75 Td (companies, ) Tj ET Q q 0 0 0 rg BT 530.84 690.75 Td (limiting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.75 Td (their ) Tj ET Q q 0 0 0 rg BT 71.09 678.75 Td (usefulness ) Tj ET Q q 0 0 0 rg BT 116.01 678.75 Td (for ) Tj ET Q q 0 0 0 rg BT 130.94 678.75 Td (comparison ) Tj ET Q q 0 0 0 rg BT 180.85 678.75 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 221.93 678.75 Td (The ) Tj ET Q q 0 0 0 rg BT 240.74 678.75 Td (presentation ) Tj ET Q q 0 0 0 rg BT 292.88 678.75 Td (of ) Tj ET Q q 0 0 0 rg BT 303.75 678.75 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 343.12 678.75 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 379.23 678.75 Td ( ) Tj ET Q q 0 0 0 rg BT 382.49 678.75 Td (is ) Tj ET Q q 0 0 0 rg BT 392.43 678.75 Td (intended ) Tj ET Q q 0 0 0 rg BT 430.12 678.75 Td (to ) Tj ET Q q 0 0 0 rg BT 441.17 678.75 Td (enhance ) Tj ET Q q 0 0 0 rg BT 477.18 678.75 Td (the ) Tj ET Q q 0 0 0 rg BT 492.66 678.75 Td (usefulness ) Tj ET Q q 0 0 0 rg BT 537.59 678.75 Td (of ) Tj ET Q q 0 0 0 rg BT 549.18 678.75 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.15 666.75 Td (information ) Tj ET Q q 0 0 0 rg BT 137.02 666.75 Td (by ) Tj ET Q q 0 0 0 rg BT 149.69 666.75 Td (providing ) Tj ET Q q 0 0 0 rg BT 191.24 666.75 Td (a ) Tj ET Q q 0 0 0 rg BT 198.34 666.75 Td (measure ) Tj ET Q q 0 0 0 rg BT 234.32 666.75 Td (which ) Tj ET Q q 0 0 0 rg BT 261.43 666.75 Td (management ) Tj ET Q q 0 0 0 rg BT 315.18 666.75 Td (internally ) Tj ET Q q 0 0 0 rg BT 356.17 666.75 Td (uses ) Tj ET Q q 0 0 0 rg BT 376.05 666.75 Td (to ) Tj ET Q q 0 0 0 rg BT 386.50 666.75 Td (assess ) Tj ET Q q 0 0 0 rg BT 413.60 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 430.71 666.75 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 466.68 666.75 Td (the ) Tj ET Q q 0 0 0 rg BT 481.57 666.75 Td (overall ) Tj ET Q q 0 0 0 rg BT 511.99 666.75 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.75 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 654.75 Td (its ) Tj ET Q q 0 0 0 rg BT 72.28 654.75 Td (business ) Tj ET Q q 0 0 0 rg BT 108.67 654.75 Td (and ) Tj ET Q q 0 0 0 rg BT 125.61 654.75 Td (those ) Tj ET Q q 0 0 0 rg BT 149.22 654.75 Td (of ) Tj ET Q q 0 0 0 rg BT 160.05 654.75 Td (possible ) Tj ET Q q 0 0 0 rg BT 195.33 654.75 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 241.71 654.75 Td (candidates, ) Tj ET Q q 0 0 0 rg BT 288.91 654.75 Td (and ) Tj ET Q q 0 0 0 rg BT 305.85 654.75 Td (highlight ) Tj ET Q q 0 0 0 rg BT 344.46 654.75 Td (trends ) Tj ET Q q 0 0 0 rg BT 371.40 654.75 Td (in ) Tj ET Q q 0 0 0 rg BT 381.68 654.75 Td (the ) Tj ET Q q 0 0 0 rg BT 396.39 654.75 Td (overall ) Tj ET Q q 0 0 0 rg BT 426.66 654.75 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 636.75 Td (W) Tj ET Q q 0 0 0 rg BT 70.14 636.75 Td (e ) Tj ET Q q 0 0 0 rg BT 76.56 636.75 Td (use ) Tj ET Q q 0 0 0 rg BT 91.44 636.75 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 129.53 636.75 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 165.64 636.75 Td ( ) Tj ET Q q 0 0 0 rg BT 167.62 636.75 Td (to ) Tj ET Q q 0 0 0 rg BT 177.38 636.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 209.91 636.75 Td (further ) Tj ET Q q 0 0 0 rg BT 239.10 636.75 Td (information ) Tj ET Q q 0 0 0 rg BT 288.30 636.75 Td (that ) Tj ET Q q 0 0 0 rg BT 305.28 636.75 Td (is ) Tj ET Q q 0 0 0 rg BT 313.93 636.75 Td (useful ) Tj ET Q q 0 0 0 rg BT 340.36 636.75 Td (to ) Tj ET Q q 0 0 0 rg BT 350.12 636.75 Td (an ) Tj ET Q q 0 0 0 rg BT 361.54 636.75 Td (understanding ) Tj ET Q q 0 0 0 rg BT 420.18 636.75 Td (of ) Tj ET Q q 0 0 0 rg BT 430.49 636.75 Td (the ) Tj ET Q q 0 0 0 rg BT 444.69 636.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 481.66 636.75 Td (covenants ) Tj ET Q q 0 0 0 rg BT 523.63 636.75 Td (contained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 624.75 Td (in ) Tj ET Q q 0 0 0 rg BT 58.95 624.75 Td (the ) Tj ET Q q 0 0 0 rg BT 72.84 624.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 97.28 624.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 133.39 624.75 Td (of ) Tj ET Q q 0 0 0 rg BT 143.39 624.75 Td (our ) Tj ET Q q 0 0 0 rg BT 158.40 624.75 Td (most ) Tj ET Q q 0 0 0 rg BT 179.52 624.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 223.41 624.75 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 263.87 624.75 Td (, ) Tj ET Q q 0 0 0 rg BT 268.04 624.75 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 303.04 624.75 Td (Ener) Tj ET Q q 0 0 0 rg BT 321.74 624.75 Td (gy) Tj ET Q q 0 0 0 rg BT 331.09 624.75 Td (, ) Tj ET Q q 0 0 0 rg BT 335.26 624.75 Td (and ) Tj ET Q q 0 0 0 rg BT 351.38 624.75 Td (as ) Tj ET Q q 0 0 0 rg BT 361.38 624.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 403.04 624.75 Td (ways ) Tj ET Q q 0 0 0 rg BT 425.27 624.75 Td (of ) Tj ET Q q 0 0 0 rg BT 435.28 624.75 Td (viewing ) Tj ET Q q 0 0 0 rg BT 469.17 624.75 Td (aspects ) Tj ET Q q 0 0 0 rg BT 499.72 624.75 Td (of ) Tj ET Q q 0 0 0 rg BT 509.72 624.75 Td (its ) Tj ET Q q 0 0 0 rg BT 520.85 624.75 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 612.75 Td (that, ) Tj ET Q q 0 0 0 rg BT 70.44 612.75 Td (when ) Tj ET Q q 0 0 0 rg BT 95.54 612.75 Td (viewed ) Tj ET Q q 0 0 0 rg BT 127.86 612.75 Td (with ) Tj ET Q q 0 0 0 rg BT 149.09 612.75 Td (the ) Tj ET Q q 0 0 0 rg BT 164.75 612.75 Td (GAAP) Tj ET Q q 0 0 0 rg BT 191.60 612.75 Td ( ) Tj ET Q q 0 0 0 rg BT 195.05 612.75 Td (results ) Tj ET Q q 0 0 0 rg BT 224.60 612.75 Td (and ) Tj ET Q q 0 0 0 rg BT 242.48 612.75 Td (the ) Tj ET Q q 0 0 0 rg BT 258.14 612.75 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 319.90 612.75 Td (reconciliations ) Tj ET Q q 0 0 0 rg BT 382.21 612.75 Td (to ) Tj ET Q q 0 0 0 rg BT 393.43 612.75 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 454.08 612.75 Td (GAAP) Tj ET Q q 0 0 0 rg BT 480.94 612.75 Td ( ) Tj ET Q q 0 0 0 rg BT 484.38 612.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 522.80 612.75 Td (measures, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 600.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 82.75 600.75 Td (a ) Tj ET Q q 0 0 0 rg BT 89.90 600.75 Td (more ) Tj ET Q q 0 0 0 rg BT 113.15 600.75 Td (complete ) Tj ET Q q 0 0 0 rg BT 152.51 600.75 Td (understanding ) Tj ET Q q 0 0 0 rg BT 211.87 600.75 Td (of ) Tj ET Q q 0 0 0 rg BT 222.91 600.75 Td (our ) Tj ET Q q 0 0 0 rg BT 238.94 600.75 Td (core ) Tj ET Q q 0 0 0 rg BT 258.86 600.75 Td (business. ) Tj ET Q q 0 0 0 rg BT 297.76 600.75 Td (The ) Tj ET Q q 0 0 0 rg BT 316.01 600.75 Td (calculation ) Tj ET Q q 0 0 0 rg BT 362.59 600.75 Td (of ) Tj ET Q q 0 0 0 rg BT 373.03 600.75 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 411.84 600.75 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 447.95 600.75 Td ( ) Tj ET Q q 0 0 0 rg BT 450.66 600.75 Td (is ) Tj ET Q q 0 0 0 rg BT 460.03 600.75 Td (based ) Tj ET Q q 0 0 0 rg BT 485.51 600.75 Td (on ) Tj ET Q q 0 0 0 rg BT 498.21 600.75 Td (the ) Tj ET Q q 0 0 0 rg BT 513.14 600.75 Td (definition ) Tj ET Q q 0 0 0 rg BT 554.73 600.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 588.75 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 86.48 588.75 Td (Ener) Tj ET Q q 0 0 0 rg BT 105.17 588.75 Td (gy) Tj ET Q q 0 0 0 rg BT 117.95 588.75 Td (s ) Tj ET Q q 0 0 0 rg BT 125.49 588.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 154.14 588.75 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 194.45 588.75 Td (\(as ) Tj ET Q q 0 0 0 rg BT 209.76 588.75 Td (defined ) Tj ET Q q 0 0 0 rg BT 243.39 588.75 Td (and ) Tj ET Q q 0 0 0 rg BT 261.48 588.75 Td (described ) Tj ET Q q 0 0 0 rg BT 303.45 588.75 Td (below ) Tj ET Q q 0 0 0 rg BT 331.53 588.75 Td (under ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 357.95 588.75 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 397.72 588.75 Td (and ) Tj ET Q q 0 0 0 rg BT 416.37 588.75 Td (Capital ) Tj ET Q q 0 0 0 rg BT 450.02 588.75 Td (Resour) Tj ET Q q 0 0 0 rg BT 477.98 588.75 Td (ces\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.08 588.75 Td (, ) Tj ET Q q 0 0 0 rg BT 500.23 588.75 Td (which ) Tj ET Q q 0 0 0 rg BT 528.32 588.75 Td (we ) Tj ET Q q 0 0 0 rg BT 543.63 588.75 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 576.75 Td (guaranteed. ) Tj ET Q q 0 0 0 rg BT 97.09 576.75 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 134.77 576.75 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 170.88 576.75 Td ( ) Tj ET Q q 0 0 0 rg BT 172.46 576.75 Td (is ) Tj ET Q q 0 0 0 rg BT 180.70 576.75 Td (defined ) Tj ET Q q 0 0 0 rg BT 212.26 576.75 Td (as ) Tj ET Q q 0 0 0 rg BT 222.17 576.75 Td (earnings ) Tj ET Q q 0 0 0 rg BT 257.62 576.75 Td (before ) Tj ET Q q 0 0 0 rg BT 284.73 576.75 Td (interest, ) Tj ET Q q 0 0 0 rg BT 318.24 576.75 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 342.86 576.75 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 393.85 576.75 Td (and ) Tj ET Q q 0 0 0 rg BT 409.87 576.75 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 464.48 576.75 Td (as ) Tj ET Q q 0 0 0 rg BT 474.38 576.75 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 509.28 576.75 Td (for ) Tj ET Q q 0 0 0 rg BT 522.52 576.75 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 564.75 Td (items ) Tj ET Q q 0 0 0 rg BT 74.24 564.75 Td (subtracted ) Tj ET Q q 0 0 0 rg BT 118.41 564.75 Td (from ) Tj ET Q q 0 0 0 rg BT 140.92 564.75 Td (or ) Tj ET Q q 0 0 0 rg BT 152.32 564.75 Td (added ) Tj ET Q q 0 0 0 rg BT 179.27 564.75 Td (to ) Tj ET Q q 0 0 0 rg BT 190.13 564.75 Td (net ) Tj ET Q q 0 0 0 rg BT 205.42 564.75 Td (income. ) Tj ET Q q 0 0 0 rg BT 240.42 564.75 Td (Because ) Tj ET Q q 0 0 0 rg BT 276.81 564.75 Td (our ) Tj ET Q q 0 0 0 rg BT 293.22 564.75 Td (business ) Tj ET Q q 0 0 0 rg BT 330.18 564.75 Td (is ) Tj ET Q q 0 0 0 rg BT 339.92 564.75 Td (substantially ) Tj ET Q q 0 0 0 rg BT 393.55 564.75 Td (comprised ) Tj ET Q q 0 0 0 rg BT 438.28 564.75 Td (of ) Tj ET Q q 0 0 0 rg BT 449.68 564.75 Td (that ) Tj ET Q q 0 0 0 rg BT 467.75 564.75 Td (of ) Tj ET Q q 0 0 0 rg BT 479.16 564.75 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 515.55 564.75 Td (Ener) Tj ET Q q 0 0 0 rg BT 534.25 564.75 Td (gy) Tj ET Q q 0 0 0 rg BT 543.60 564.75 Td (, ) Tj ET Q q 0 0 0 rg BT 549.18 564.75 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 552.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.60 552.75 Td (performance ) Tj ET Q q 0 0 0 rg BT 141.23 552.75 Td (is ) Tj ET Q q 0 0 0 rg BT 151.02 552.75 Td (substantially ) Tj ET Q q 0 0 0 rg BT 204.69 552.75 Td (similar ) Tj ET Q q 0 0 0 rg BT 235.57 552.75 Td (to ) Tj ET Q q 0 0 0 rg BT 246.47 552.75 Td (that ) Tj ET Q q 0 0 0 rg BT 264.58 552.75 Td (of ) Tj ET Q q 0 0 0 rg BT 276.02 552.75 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 312.46 552.75 Td (Ener) Tj ET Q q 0 0 0 rg BT 331.16 552.75 Td (gy) Tj ET Q q 0 0 0 rg BT 340.51 552.75 Td (. ) Tj ET Q q 0 0 0 rg BT 346.13 552.75 Td (For ) Tj ET Q q 0 0 0 rg BT 363.13 552.75 Td (this ) Tj ET Q q 0 0 0 rg BT 380.70 552.75 Td (reason, ) Tj ET Q q 0 0 0 rg BT 412.41 552.75 Td (and ) Tj ET Q q 0 0 0 rg BT 429.96 552.75 Td (in ) Tj ET Q q 0 0 0 rg BT 440.86 552.75 Td (order ) Tj ET Q q 0 0 0 rg BT 465.07 552.75 Td (to ) Tj ET Q q 0 0 0 rg BT 475.96 552.75 Td (avoid ) Tj ET Q q 0 0 0 rg BT 501.30 552.75 Td (use ) Tj ET Q q 0 0 0 rg BT 517.74 552.75 Td (of ) Tj ET Q q 0 0 0 rg BT 529.19 552.75 Td (multiple ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 540.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.76 540.75 Td (measures, ) Tj ET Q q 0 0 0 rg BT 130.74 540.75 Td (which ) Tj ET Q q 0 0 0 rg BT 158.46 540.75 Td (are ) Tj ET Q q 0 0 0 rg BT 173.94 540.75 Td (not ) Tj ET Q q 0 0 0 rg BT 190.00 540.75 Td (all ) Tj ET Q q 0 0 0 rg BT 203.27 540.75 Td (from ) Tj ET Q q 0 0 0 rg BT 225.99 540.75 Td (the ) Tj ET Q q 0 0 0 rg BT 241.48 540.75 Td (same ) Tj ET Q q 0 0 0 rg BT 265.31 540.75 Td (entity) Tj ET Q q 0 0 0 rg BT 287.43 540.75 Td (, ) Tj ET Q q 0 0 0 rg BT 293.21 540.75 Td (the ) Tj ET Q q 0 0 0 rg BT 308.71 540.75 Td (calculation ) Tj ET Q q 0 0 0 rg BT 355.85 540.75 Td (of ) Tj ET Q q 0 0 0 rg BT 366.73 540.75 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 406.12 540.75 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 442.23 540.75 Td ( ) Tj ET Q q 0 0 0 rg BT 445.51 540.75 Td (and ) Tj ET Q q 0 0 0 rg BT 463.22 540.75 Td (other ) Tj ET Q q 0 0 0 rg BT 487.05 540.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 525.31 540.75 Td (measures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 528.75 Td (presented ) Tj ET Q q 0 0 0 rg BT 90.53 528.75 Td (herein ) Tj ET Q q 0 0 0 rg BT 118.22 528.75 Td (are ) Tj ET Q q 0 0 0 rg BT 133.14 528.75 Td (measured ) Tj ET Q q 0 0 0 rg BT 174.16 528.75 Td (on ) Tj ET Q q 0 0 0 rg BT 186.87 528.75 Td (a ) Tj ET Q q 0 0 0 rg BT 194.02 528.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 247.27 528.75 Td (basis, ) Tj ET Q q 0 0 0 rg BT 272.48 528.75 Td (less ) Tj ET Q q 0 0 0 rg BT 290.19 528.75 Td (the ) Tj ET Q q 0 0 0 rg BT 305.12 528.75 Td (results ) Tj ET Q q 0 0 0 rg BT 333.94 528.75 Td (of ) Tj ET Q q 0 0 0 rg BT 344.98 528.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 389.34 528.75 Td (of ) Tj ET Q q 0 0 0 rg BT 400.38 528.75 Td (our ) Tj ET Q q 0 0 0 rg BT 416.42 528.75 Td (insurance ) Tj ET Q q 0 0 0 rg BT 457.45 528.75 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 507.38 528.75 Td (in ) Tj ET Q q 0 0 0 rg BT 517.86 528.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 543.07 528.75 Td (prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 516.75 Td (to ) Tj ET Q q 0 0 0 rg BT 60.70 516.75 Td (their ) Tj ET Q q 0 0 0 rg BT 82.44 516.75 Td (sale ) Tj ET Q q 0 0 0 rg BT 101.40 516.75 Td (in ) Tj ET Q q 0 0 0 rg BT 112.60 516.75 Td (the ) Tj ET Q q 0 0 0 rg BT 128.23 516.75 Td (fourth ) Tj ET Q q 0 0 0 rg BT 156.09 516.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 187.82 516.75 Td (of ) Tj ET Q q 0 0 0 rg BT 199.57 516.75 Td (2014. ) Tj ET Q q 0 0 0 rg BT 225.48 516.75 Td (Under ) Tj ET Q q 0 0 0 rg BT 253.89 516.75 Td (the ) Tj ET Q q 0 0 0 rg BT 269.52 516.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 297.94 516.75 Td (Facilities, ) Tj ET Q q 0 0 0 rg BT 340.51 516.75 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 377.25 516.75 Td (Ener) Tj ET Q q 0 0 0 rg BT 395.95 516.75 Td (gy ) Tj ET Q q 0 0 0 rg BT 409.37 516.75 Td (is ) Tj ET Q q 0 0 0 rg BT 419.46 516.75 Td (required ) Tj ET Q q 0 0 0 rg BT 456.19 516.75 Td (to ) Tj ET Q q 0 0 0 rg BT 467.38 516.75 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 496.91 516.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 527.53 516.75 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 504.75 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 95.84 504.75 Td (including ) Tj ET Q q 0 0 0 rg BT 137.47 504.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 168.53 504.75 Td (ratios ) Tj ET Q q 0 0 0 rg BT 194.61 504.75 Td (of ) Tj ET Q q 0 0 0 rg BT 206.79 504.75 Td (which ) Tj ET Q q 0 0 0 rg BT 234.24 504.75 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 274.20 504.75 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 310.31 504.75 Td ( ) Tj ET Q q 0 0 0 rg BT 314.17 504.75 Td (is ) Tj ET Q q 0 0 0 rg BT 324.69 504.75 Td (an ) Tj ET Q q 0 0 0 rg BT 337.99 504.75 Td (important ) Tj ET Q q 0 0 0 rg BT 380.73 504.75 Td (component. ) Tj ET Q q 0 0 0 rg BT 431.52 504.75 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 483.70 504.75 Td (with ) Tj ET Q q 0 0 0 rg BT 505.33 504.75 Td (such ) Tj ET Q q 0 0 0 rg BT 527.52 504.75 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 492.75 Td (covenants ) Tj ET Q q 0 0 0 rg BT 92.82 492.75 Td (is ) Tj ET Q q 0 0 0 rg BT 102.83 492.75 Td (expected ) Tj ET Q q 0 0 0 rg BT 141.69 492.75 Td (to ) Tj ET Q q 0 0 0 rg BT 152.81 492.75 Td (be ) Tj ET Q q 0 0 0 rg BT 165.58 492.75 Td (the ) Tj ET Q q 0 0 0 rg BT 181.13 492.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 220.01 492.75 Td (limiting ) Tj ET Q q 0 0 0 rg BT 255.01 492.75 Td (factor ) Tj ET Q q 0 0 0 rg BT 281.66 492.75 Td (that ) Tj ET Q q 0 0 0 rg BT 299.99 492.75 Td (will ) Tj ET Q q 0 0 0 rg BT 318.88 492.75 Td (af) Tj ET Q q 0 0 0 rg BT 326.47 492.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 344.79 492.75 Td (our ) Tj ET Q q 0 0 0 rg BT 361.46 492.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 390.34 492.75 Td (to ) Tj ET Q q 0 0 0 rg BT 401.46 492.75 Td (engage ) Tj ET Q q 0 0 0 rg BT 433.11 492.75 Td (in ) Tj ET Q q 0 0 0 rg BT 444.22 492.75 Td (a ) Tj ET Q q 0 0 0 rg BT 452.00 492.75 Td (broad ) Tj ET Q q 0 0 0 rg BT 478.10 492.75 Td (range ) Tj ET Q q 0 0 0 rg BT 503.64 492.75 Td (of ) Tj ET Q q 0 0 0 rg BT 515.31 492.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 554.74 492.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 480.75 Td (furtherance ) Tj ET Q q 0 0 0 rg BT 97.89 480.75 Td (of ) Tj ET Q q 0 0 0 rg BT 109.08 480.75 Td (our ) Tj ET Q q 0 0 0 rg BT 125.27 480.75 Td (business, ) Tj ET Q q 0 0 0 rg BT 164.53 480.75 Td (including ) Tj ET Q q 0 0 0 rg BT 205.16 480.75 Td (making ) Tj ET Q q 0 0 0 rg BT 238.02 480.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 268.08 480.75 Td (investments, ) Tj ET Q q 0 0 0 rg BT 321.22 480.75 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 361.85 480.75 Td (businesses ) Tj ET Q q 0 0 0 rg BT 406.93 480.75 Td (and ) Tj ET Q q 0 0 0 rg BT 424.23 480.75 Td (incurring ) Tj ET Q q 0 0 0 rg BT 463.75 480.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 506.60 480.75 Td (debt. ) Tj ET Q q 0 0 0 rg BT 529.18 480.75 Td (Covanta ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 468.75 Td (Ener) Tj ET Q q 0 0 0 rg BT 68.20 468.75 Td (gy ) Tj ET Q q 0 0 0 rg BT 80.53 468.75 Td (was ) Tj ET Q q 0 0 0 rg BT 98.41 468.75 Td (in ) Tj ET Q q 0 0 0 rg BT 108.52 468.75 Td (compliance ) Tj ET Q q 0 0 0 rg BT 156.94 468.75 Td (with ) Tj ET Q q 0 0 0 rg BT 177.05 468.75 Td (these ) Tj ET Q q 0 0 0 rg BT 199.92 468.75 Td (covenants ) Tj ET Q q 0 0 0 rg BT 242.24 468.75 Td (as ) Tj ET Q q 0 0 0 rg BT 252.90 468.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.56 468.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 321.98 468.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.98 468.75 Td (. ) Tj ET Q q 0 0 0 rg BT 346.81 468.75 Td (Failure ) Tj ET Q q 0 0 0 rg BT 377.46 468.75 Td (to ) Tj ET Q q 0 0 0 rg BT 387.57 468.75 Td (comply ) Tj ET Q q 0 0 0 rg BT 419.90 468.75 Td (with ) Tj ET Q q 0 0 0 rg BT 440.01 468.75 Td (such ) Tj ET Q q 0 0 0 rg BT 460.67 468.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 497.98 468.75 Td (covenants ) Tj ET Q q 0 0 0 rg BT 540.29 468.75 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 456.75 Td (result ) Tj ET Q q 0 0 0 rg BT 74.46 456.75 Td (in ) Tj ET Q q 0 0 0 rg BT 84.97 456.75 Td (a ) Tj ET Q q 0 0 0 rg BT 92.15 456.75 Td (default ) Tj ET Q q 0 0 0 rg BT 122.65 456.75 Td (under ) Tj ET Q q 0 0 0 rg BT 148.16 456.75 Td (the ) Tj ET Q q 0 0 0 rg BT 163.11 456.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 190.85 456.75 Td (Facilities, ) Tj ET Q q 0 0 0 rg BT 232.74 456.75 Td (which ) Tj ET Q q 0 0 0 rg BT 259.92 456.75 Td (default ) Tj ET Q q 0 0 0 rg BT 290.42 456.75 Td (would ) Tj ET Q q 0 0 0 rg BT 318.16 456.75 Td (have ) Tj ET Q q 0 0 0 rg BT 339.78 456.75 Td (a ) Tj ET Q q 0 0 0 rg BT 346.95 456.75 Td (material ) Tj ET Q q 0 0 0 rg BT 382.45 456.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 415.73 456.75 Td (ef) Tj ET Q q 0 0 0 rg BT 423.31 456.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 441.04 456.75 Td (on ) Tj ET Q q 0 0 0 rg BT 453.78 456.75 Td (our ) Tj ET Q q 0 0 0 rg BT 469.84 456.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 507.56 456.75 Td (condition ) Tj ET Q q 0 0 0 rg BT 548.07 456.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 444.75 Td (liquidity) Tj ET Q q 0 0 0 rg BT 82.74 444.75 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 426.75 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 100.50 426.75 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 136.61 426.75 Td ( ) Tj ET Q q 0 0 0 rg BT 139.51 426.75 Td (should ) Tj ET Q q 0 0 0 rg BT 169.07 426.75 Td (not ) Tj ET Q q 0 0 0 rg BT 184.75 426.75 Td (be ) Tj ET Q q 0 0 0 rg BT 197.08 426.75 Td (considered ) Tj ET Q q 0 0 0 rg BT 243.29 426.75 Td (as ) Tj ET Q q 0 0 0 rg BT 254.52 426.75 Td (an ) Tj ET Q q 0 0 0 rg BT 266.85 426.75 Td (alternative ) Tj ET Q q 0 0 0 rg BT 311.94 426.75 Td (to ) Tj ET Q q 0 0 0 rg BT 322.62 426.75 Td (net ) Tj ET Q q 0 0 0 rg BT 337.73 426.75 Td (income ) Tj ET Q q 0 0 0 rg BT 370.06 426.75 Td (or ) Tj ET Q q 0 0 0 rg BT 381.29 426.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 401.95 426.75 Td (flow ) Tj ET Q q 0 0 0 rg BT 423.17 426.75 Td (provided ) Tj ET Q q 0 0 0 rg BT 461.62 426.75 Td (by ) Tj ET Q q 0 0 0 rg BT 474.51 426.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 515.17 426.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 554.17 426.75 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.75 Td (indicators ) Tj ET Q q 0 0 0 rg BT 91.43 414.75 Td (of ) Tj ET Q q 0 0 0 rg BT 102.26 414.75 Td (our ) Tj ET Q q 0 0 0 rg BT 118.09 414.75 Td (performance ) Tj ET Q q 0 0 0 rg BT 171.12 414.75 Td (or ) Tj ET Q q 0 0 0 rg BT 181.95 414.75 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 218.34 414.75 Td (or ) Tj ET Q q 0 0 0 rg BT 229.17 414.75 Td (any ) Tj ET Q q 0 0 0 rg BT 246.11 414.75 Td (other ) Tj ET Q q 0 0 0 rg BT 269.15 414.75 Td (measures ) Tj ET Q q 0 0 0 rg BT 308.86 414.75 Td (of ) Tj ET Q q 0 0 0 rg BT 319.69 414.75 Td (performance ) Tj ET Q q 0 0 0 rg BT 372.71 414.75 Td (or ) Tj ET Q q 0 0 0 rg BT 383.54 414.75 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 419.93 414.75 Td (derived ) Tj ET Q q 0 0 0 rg BT 452.42 414.75 Td (in ) Tj ET Q q 0 0 0 rg BT 462.70 414.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 510.16 414.75 Td (with ) Tj ET Q q 0 0 0 rg BT 530.44 414.75 Td (GAAP) Tj ET Q q 0 0 0 rg BT 556.56 414.75 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 396.75 Td (In ) Tj ET Q q 0 0 0 rg BT 72.03 396.75 Td (order ) Tj ET Q q 0 0 0 rg BT 95.34 396.75 Td (to ) Tj ET Q q 0 0 0 rg BT 105.32 396.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 138.07 396.75 Td (a ) Tj ET Q q 0 0 0 rg BT 144.72 396.75 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 192.46 396.75 Td (basis ) Tj ET Q q 0 0 0 rg BT 214.67 396.75 Td (for ) Tj ET Q q 0 0 0 rg BT 228.53 396.75 Td (comparison, ) Tj ET Q q 0 0 0 rg BT 279.89 396.75 Td (we ) Tj ET Q q 0 0 0 rg BT 293.76 396.75 Td (are ) Tj ET Q q 0 0 0 rg BT 308.17 396.75 Td (providing ) Tj ET Q q 0 0 0 rg BT 349.26 396.75 Td (information ) Tj ET Q q 0 0 0 rg BT 398.68 396.75 Td (with ) Tj ET Q q 0 0 0 rg BT 418.66 396.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 449.18 396.75 Td (to ) Tj ET Q q 0 0 0 rg BT 459.16 396.75 Td (our ) Tj ET Q q 0 0 0 rg BT 474.21 396.75 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 512.52 396.75 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 548.63 396.75 Td ( ) Tj ET Q q 0 0 0 rg BT 550.84 396.75 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 384.75 Td (the ) Tj ET Q q 0 0 0 rg BT 64.59 384.75 Td (years ) Tj ET Q q 0 0 0 rg BT 88.57 384.75 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.32 384.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 174.29 384.75 Td (2016, ) Tj ET Q q 0 0 0 rg BT 199.66 384.75 Td (2015 ) Tj ET Q q 0 0 0 rg BT 222.54 384.75 Td (and ) Tj ET Q q 0 0 0 rg BT 239.86 384.75 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.86 384.75 Td (, ) Tj ET Q q 0 0 0 rg BT 265.23 384.75 Td (respectively) Tj ET Q q 0 0 0 rg BT 312.90 384.75 Td (, ) Tj ET Q q 0 0 0 rg BT 318.27 384.75 Td (reconciled ) Tj ET Q q 0 0 0 rg BT 362.79 384.75 Td (for ) Tj ET Q q 0 0 0 rg BT 377.33 384.75 Td (each ) Tj ET Q q 0 0 0 rg BT 398.52 384.75 Td (such ) Tj ET Q q 0 0 0 rg BT 419.73 384.75 Td (period ) Tj ET Q q 0 0 0 rg BT 448.15 384.75 Td (to ) Tj ET Q q 0 0 0 rg BT 458.81 384.75 Td (net ) Tj ET Q q 0 0 0 rg BT 473.90 384.75 Td (income ) Tj ET Q q 0 0 0 rg BT 506.21 384.75 Td (and ) Tj ET Q q 0 0 0 rg BT 523.53 384.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 544.18 384.75 Td (flow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 372.75 Td (provided ) Tj ET Q q 0 0 0 rg BT 86.85 372.75 Td (by ) Tj ET Q q 0 0 0 rg BT 98.66 372.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 138.22 372.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 176.13 372.75 Td (from ) Tj ET Q q 0 0 0 rg BT 197.37 372.75 Td (continuing ) Tj ET Q q 0 0 0 rg BT 241.95 372.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 287.91 372.75 Td (which ) Tj ET Q q 0 0 0 rg BT 314.15 372.75 Td (are ) Tj ET Q q 0 0 0 rg BT 328.16 372.75 Td (believed ) Tj ET Q q 0 0 0 rg BT 363.84 372.75 Td (to ) Tj ET Q q 0 0 0 rg BT 373.42 372.75 Td (be ) Tj ET Q q 0 0 0 rg BT 384.66 372.75 Td (the ) Tj ET Q q 0 0 0 rg BT 398.68 372.75 Td (most ) Tj ET Q q 0 0 0 rg BT 419.93 372.75 Td (directly ) Tj ET Q q 0 0 0 rg BT 452.28 372.75 Td (comparable ) Tj ET Q q 0 0 0 rg BT 500.73 372.75 Td (measures ) Tj ET Q q 0 0 0 rg BT 539.74 372.75 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 360.75 Td (GAAP) Tj ET Q q 0 0 0 rg BT 75.62 360.75 Td (. ) Tj ET Q q 0 0 0 rg BT 80.44 360.75 Td (The ) Tj ET Q q 0 0 0 rg BT 98.48 360.75 Td (following ) Tj ET Q q 0 0 0 rg BT 139.87 360.75 Td (is ) Tj ET Q q 0 0 0 rg BT 149.04 360.75 Td (a ) Tj ET Q q 0 0 0 rg BT 155.98 360.75 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 213.46 360.75 Td (of ) Tj ET Q q 0 0 0 rg BT 224.29 360.75 Td (Net ) Tj ET Q q 0 0 0 rg BT 241.22 360.75 Td (\(Loss\) ) Tj ET Q q 0 0 0 rg BT 269.28 360.75 Td (Income ) Tj ET Q q 0 0 0 rg BT 301.76 360.75 Td (to ) Tj ET Q q 0 0 0 rg BT 311.49 360.75 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 350.10 360.75 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 386.20 360.75 Td ( ) Tj ET Q q 0 0 0 rg BT 388.70 360.75 Td (\(in ) Tj ET Q q 0 0 0 rg BT 402.31 360.75 Td (millions\): ) Tj ET Q endstream endobj 93 0 obj <>] /Rotate 0 /Contents 94 0 R>> endobj 94 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 29.10 Td (46) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 61.50 715.00 297.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 715.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 715.00 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 715.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 715.00 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 715.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 715.00 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 61.50 687.00 297.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 687.00 4.00 -14.00 re f /GS0 gs 0.8 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497.50 537.00 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 61.50 509.00 297.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 509.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 509.00 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 509.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 509.00 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 509.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 509.00 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 61.50 481.00 297.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 481.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 481.00 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 481.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 481.00 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 481.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 481.00 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 61.50 453.00 297.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 453.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 453.00 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 453.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 453.00 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 453.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 453.00 64.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 730 m 426.5 730 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 730 m 430.5 730 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 730 m 493.5 730 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 730 m 497.5 730 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 730 m 561.5 730 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 730 m 426.5 730 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 715 m 426.5 715 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 730 m 493.5 730 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 715 m 493.5 715 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 730 m 561.5 730 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 715 m 561.5 715 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 715 m 426.5 715 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 715 m 493.5 715 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 715 m 561.5 715 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 467 m 426.5 467 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 467 m 493.5 467 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 467 m 561.5 467 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 467 m 426.5 467 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 453 m 426.5 453 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 467 m 493.5 467 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 453 m 493.5 453 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 467 m 561.5 467 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 453 m 561.5 453 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 453 m 426.5 453 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 440 m 426.5 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 438 m 426.5 438 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 453 m 493.5 453 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 440 m 493.5 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 438 m 493.5 438 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 453 m 561.5 453 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 440 m 561.5 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 438 m 561.5 438 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 734.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.80 742.23 Td (Years Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.25 734.23 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 64 718.046337890625 m 135.5185546875 718.046337890625 l s q 0 0 0 rg BT 64.00 719.45 Td (Adjusted EBITDA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.00 719.23 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.50 719.23 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.00 719.23 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 705.46 Td (Net \(Loss\) Income Attributable to Covanta Holding Corporation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.00 705.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.15 705.46 Td (\(4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.65 705.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.00 705.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.65 705.46 Td (68) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 705.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.15 705.46 Td (\(2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.65 705.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 691.46 Td (Operating loss related to insurance subsidiaries) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.65 691.46 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.65 691.46 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.15 691.46 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 677.46 Td (Depreciation and amortization expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.15 677.46 Td (207) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.15 677.46 Td (198) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.15 677.46 Td (211) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 663.46 Td (Interest expense, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.15 663.46 Td (138) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.15 663.46 Td (134) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.15 663.46 Td (134) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 649.46 Td (Non-cash convertible debt related expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.65 649.46 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.65 649.46 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.65 649.46 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 635.46 Td (Income tax expense \(benefit\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.65 635.46 Td (22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.65 635.46 Td (\(84) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.65 635.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.65 635.46 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 619.46 Td (Impairment char) Tj ET Q q 0 0 0 rg BT 123.56 619.46 Td (ges) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 135.56 623.54 Td ( \(a\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.65 619.46 Td (20) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.65 619.46 Td (43) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.65 619.46 Td (64) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 603.46 Td (Gain on asset sales ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 134.48 607.54 Td (\(a\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.65 603.46 Td (\(44) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.65 603.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.65 603.46 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.65 603.46 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 587.46 Td (Loss on extinguishment of debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.65 587.46 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.15 587.46 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.15 587.46 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 571.46 Td (Net income attributable to noncontrolling interests in subsidiaries) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.65 571.46 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.15 571.46 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.15 571.46 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 555.46 Td (Other adjustments:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.00 541.46 Td (Capital-type expenditures at service fee operated facilities ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 281.15 545.54 Td (\(b\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.65 541.46 Td (39) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.65 541.46 Td (31) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.65 541.46 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.00 527.46 Td (Debt service billing in excess of revenue recognized) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.15 527.46 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.15 527.46 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.15 527.46 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.00 513.46 Td (Severance and reor) Tj ET Q q 0 0 0 rg BT 138.80 513.46 Td (ganization costs ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 198.78 517.54 Td (\(a\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.15 513.46 Td (3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.15 513.46 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.15 513.46 Td (9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.00 499.46 Td (Non-cash compensation expense) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 187.96 503.54 Td ( \(c\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.65 499.46 Td (16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.65 499.46 Td (18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.65 499.46 Td (17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.00 485.46 Td (Other non-cash items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 485.57 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 485.57 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 485.57 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.00 471.46 Td (Other ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 92.74 475.54 Td (\(d\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.15 471.46 Td (3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.15 471.46 Td (6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.15 471.46 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 457.46 Td (Total adjustments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.15 457.46 Td (414) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.15 457.46 Td (360) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.15 457.46 Td (476) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 64.00 443.45 Td (Adjusted EBITDA) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.00 443.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.15 443.46 Td (410) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.00 443.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.15 443.46 Td (428) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 443.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.15 443.46 Td (474) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 428.70 Td (\(a\) For additional information, see ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 193.46 428.70 Td (Adjusted EPS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.71 428.70 Td ( above.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 417.90 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 79.75 417.90 Td (Adjustment for impact of adoption of F) Tj ET Q q 0 0 0 rg BT 221.06 417.90 Td (ASB ) Tj ET Q q 0 0 0 rg BT 240.32 417.90 Td (ASC 853 - Service Concession ) Tj ET Q q 0 0 0 rg BT 353.56 417.90 Td (Arrangements in order to provide comparability to prior ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 81.00 407.10 Td (period results. ) Tj ET Q q 0 0 0 rg BT 134.08 407.10 Td (These type of expenditures at our service fee operated facilities were historically capitalized prior to adoption of this ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 81.00 396.30 Td (new accounting standard ef) Tj ET Q q 0 0 0 rg BT 179.55 396.30 Td (fective January 1, 2015. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 385.50 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 79.58 385.50 Td (The year ended December 31, 2015 includes $4 million of costs incurred in connection with separation agreements related to the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 81.00 374.70 Td (departure of two executive of) Tj ET Q q 0 0 0 rg BT 186.79 374.70 Td (ficers.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 363.90 Td (\(d\) Includes certain other items that are added back under the definition of ) Tj ET Q q 0 0 0 rg BT 336.65 363.90 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 403.89 363.90 Td ( in Covanta Ener) Tj ET Q q 0 0 0 rg BT 464.46 363.90 Td (gy LLC's credit ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 81.00 353.10 Td (agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 341.10 Td ( ) Tj ET Q endstream endobj 95 0 obj <>] /Rotate 0 /Contents 96 0 R>> endobj 96 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 29.10 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 744.60 Td (The ) Tj ET Q q 0 0 0 rg BT 76.18 744.60 Td (following ) Tj ET Q q 0 0 0 rg BT 117.20 744.60 Td (is ) Tj ET Q q 0 0 0 rg BT 126.00 744.60 Td (a ) Tj ET Q q 0 0 0 rg BT 132.57 744.60 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 189.68 744.60 Td (of ) Tj ET Q q 0 0 0 rg BT 200.14 744.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 220.05 744.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 240.51 744.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 278.19 744.60 Td (by ) Tj ET Q q 0 0 0 rg BT 290.32 744.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 330.22 744.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 368.45 744.60 Td (from ) Tj ET Q q 0 0 0 rg BT 390.02 744.60 Td (continuing ) Tj ET Q q 0 0 0 rg BT 434.93 744.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 478.71 744.60 Td (to ) Tj ET Q q 0 0 0 rg BT 488.16 744.60 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 526.40 744.60 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 562.50 744.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 732.60 Td (\(in ) Tj ET Q q 0 0 0 rg BT 63.11 732.60 Td (millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 696.10 305.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 696.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 696.10 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 696.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 696.10 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 696.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 696.10 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 667.10 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 667.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 667.10 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 667.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 667.10 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 667.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 667.10 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 638.10 305.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 638.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 638.10 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 638.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 638.10 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 638.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 638.10 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 709.1 m 424 709.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 709.1 m 428 709.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 709.1 m 493 709.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 709.1 m 497 709.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 709.1 m 562 709.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 709.1 m 424 709.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 696.1 m 424 696.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 709.1 m 428 709.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 709.1 m 493 709.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 696.1 m 493 696.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 709.1 m 497 709.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 709.1 m 562 709.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 696.1 m 562 696.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 696.1 m 424 696.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 696.1 m 493 696.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 696.1 m 562 696.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 624.1 m 424 624.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 624.1 m 493 624.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 624.1 m 562 624.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 608.1 m 424 608.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 606.1 m 424 606.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 608.1 m 493 608.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 606.1 m 493 606.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 608.1 m 562 608.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 606.1 m 562 606.1 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 713.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.05 713.33 Td (Years Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 700.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.00 700.33 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.00 700.33 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.00 700.33 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 686.55 Td (Cash flow provided by operating activities from continuing operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 686.56 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 686.56 Td (282) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 686.56 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 686.56 Td (249) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 686.56 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 686.56 Td (340) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 671.56 Td (Cash paid for interest, net of capitalized interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 671.56 Td (135) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 671.56 Td (131) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 671.56 Td (119) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 656.56 Td (Cash paid for taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.00 656.56 Td (6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 656.56 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 656.56 Td (11) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 642.56 Td (Capital type expenditures at service fee operated facilities) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 260.66 646.64 Td ( \(a\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.50 642.56 Td (39) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 642.56 Td (31) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 642.56 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 628.56 Td (Adjustment for working capital and other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.50 628.56 Td (\(52) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 628.56 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 628.56 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 628.56 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 611.55 Td (Adjusted EBITDA) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 611.56 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 611.56 Td (410) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 611.56 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 611.56 Td (428) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 611.56 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 611.56 Td (474) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET /GS0 gs q 2.50 0 0 10.09 49.50 593.44 cm /I20 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 583.60 Td (\(a\) See ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 80.04 583.60 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 151.79 583.60 Td ( - Note \(c\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.11 583.60 Td (above.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 565.60 Td (For ) Tj ET Q q 0 0 0 rg BT 76.90 565.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 121.40 565.60 Td (discussion ) Tj ET Q q 0 0 0 rg BT 167.58 565.60 Td (related ) Tj ET Q q 0 0 0 rg BT 199.30 565.60 Td (to ) Tj ET Q q 0 0 0 rg BT 211.59 565.60 Td (management) Tj ET Q q 0 0 0 rg BT 265.45 565.60 Td (s ) Tj ET Q q 0 0 0 rg BT 273.86 565.60 Td (use ) Tj ET Q q 0 0 0 rg BT 291.70 565.60 Td (of ) Tj ET Q q 0 0 0 rg BT 304.54 565.60 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 349.72 565.60 Td ( ) Tj ET Q q 0 0 0 rg BT 354.23 565.60 Td (measures, ) Tj ET Q q 0 0 0 rg BT 398.45 565.60 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 415.73 565.60 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 456.35 565.60 Td (and ) Tj ET Q q 0 0 0 rg BT 475.87 565.60 Td (Capital ) Tj ET Q q 0 0 0 rg BT 510.38 565.60 Td (Resour) Tj ET Q q 0 0 0 rg BT 538.34 565.60 Td (ces ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 553.60 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 111.99 553.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 153.37 553.60 Td (Information ) Tj ET Q q 0 0 0 rg BT 215.04 553.60 Td (Fr) Tj ET Q q 0 0 0 rg BT 224.67 553.60 Td (ee ) Tj ET Q q 0 0 0 rg BT 236.04 553.60 Td (Cash ) Tj ET Q q 0 0 0 rg BT 259.10 553.60 Td (Flow ) Tj ET Q q 0 0 0 rg BT 282.16 553.60 Td (\(Non-GAAP) Tj ET Q q 0 0 0 rg BT 330.86 553.60 Td (Discussion\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.58 553.60 Td ( ) Tj ET Q q 0 0 0 rg BT 383.08 553.60 Td (below) Tj ET Q q 0 0 0 rg BT 406.87 553.60 Td (.) 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 50 534.03505859375 m 152.5341796875 534.03505859375 l s q 0 0 0 rg BT 50.00 535.60 Td (BUSINESS OUTLOOK) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 517.60 Td (In ) Tj ET Q q 0 0 0 rg BT 72.76 517.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 95.19 517.60 Td (and ) Tj ET Q q 0 0 0 rg BT 112.06 517.60 Td (beyond, ) Tj ET Q q 0 0 0 rg BT 146.43 517.60 Td (we ) Tj ET Q q 0 0 0 rg BT 160.53 517.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 189.05 517.60 Td (that ) Tj ET Q q 0 0 0 rg BT 206.48 517.60 Td (our ) Tj ET Q q 0 0 0 rg BT 222.24 517.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 259.65 517.60 Td (results ) Tj ET Q q 0 0 0 rg BT 288.19 517.60 Td (will ) Tj ET Q q 0 0 0 rg BT 306.18 517.60 Td (be ) Tj ET Q q 0 0 0 rg BT 318.05 517.60 Td (af) Tj ET Q q 0 0 0 rg BT 325.64 517.60 Td (fected ) Tj ET Q q 0 0 0 rg BT 352.49 517.60 Td (by ) Tj ET Q q 0 0 0 rg BT 364.92 517.60 Td (several ) Tj ET Q q 0 0 0 rg BT 395.67 517.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 427.81 517.60 Td (including: ) Tj ET Q q 0 0 0 rg BT 470.79 517.60 Td (market ) Tj ET Q q 0 0 0 rg BT 500.99 517.60 Td (prices, ) Tj ET Q q 0 0 0 rg BT 529.80 517.60 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.60 Td (transitions, ) Tj ET Q q 0 0 0 rg BT 96.71 505.60 Td (new ) Tj ET Q q 0 0 0 rg BT 115.91 505.60 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 157.04 505.60 Td (new ) Tj ET Q q 0 0 0 rg BT 176.25 505.60 Td (project ) Tj ET Q q 0 0 0 rg BT 206.55 505.60 Td (development ) Tj ET Q q 0 0 0 rg BT 260.74 505.60 Td (and ) Tj ET Q q 0 0 0 rg BT 277.72 505.60 Td (construction, ) Tj ET Q q 0 0 0 rg BT 332.20 505.60 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 385.01 505.60 Td (and ) Tj ET Q q 0 0 0 rg BT 401.99 505.60 Td (the ) Tj ET Q q 0 0 0 rg BT 416.75 505.60 Td (or) Tj ET Q q 0 0 0 rg BT 424.90 505.60 Td (ganic ) Tj ET Q q 0 0 0 rg BT 449.10 505.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 479.97 505.60 Td (of ) Tj ET Q q 0 0 0 rg BT 490.84 505.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 527.26 505.60 Td (and ) Tj ET Q q 0 0 0 rg BT 544.24 505.60 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 70.27 493.60 Td (generated ) Tj ET Q q 0 0 0 rg BT 111.06 493.60 Td (by ) Tj ET Q q 0 0 0 rg BT 123.00 493.60 Td (our ) Tj ET Q q 0 0 0 rg BT 138.27 493.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 171.87 493.60 Td (assets. ) Tj ET Q q 0 0 0 rg BT 202.13 493.60 Td (In ) Tj ET Q q 0 0 0 rg BT 212.40 493.60 Td (order ) Tj ET Q q 0 0 0 rg BT 235.43 493.60 Td (to ) Tj ET Q q 0 0 0 rg BT 245.15 493.60 Td (drive ) Tj ET Q q 0 0 0 rg BT 267.63 493.60 Td (or) Tj ET Q q 0 0 0 rg BT 275.78 493.60 Td (ganic ) Tj ET Q q 0 0 0 rg BT 299.37 493.60 Td (growth, ) Tj ET Q q 0 0 0 rg BT 332.14 493.60 Td (we ) Tj ET Q q 0 0 0 rg BT 345.73 493.60 Td (will ) Tj ET Q q 0 0 0 rg BT 363.23 493.60 Td (be ) Tj ET Q q 0 0 0 rg BT 374.60 493.60 Td (focused ) Tj ET Q q 0 0 0 rg BT 407.64 493.60 Td (on ) Tj ET Q q 0 0 0 rg BT 419.57 493.60 Td (growing ) Tj ET Q q 0 0 0 rg BT 454.84 493.60 Td (our ) Tj ET Q q 0 0 0 rg BT 470.10 493.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 529.80 493.60 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.89 481.60 Td (profiled ) Tj ET Q q 0 0 0 rg BT 101.00 481.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 126.22 481.60 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 173.40 481.60 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 213.61 481.60 Td (metals ) Tj ET Q q 0 0 0 rg BT 242.16 481.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 279.59 481.60 Td (and ) Tj ET Q q 0 0 0 rg BT 296.48 481.60 Td (centralized ) Tj ET Q q 0 0 0 rg BT 342.80 481.60 Td (processing, ) Tj ET Q q 0 0 0 rg BT 390.52 481.60 Td (ash ) Tj ET Q q 0 0 0 rg BT 406.30 481.60 Td (management, ) Tj ET Q q 0 0 0 rg BT 462.34 481.60 Td (continuous ) Tj ET Q q 0 0 0 rg BT 508.68 481.60 Td (improvement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.60 Td (using ) Tj ET Q q 0 0 0 rg BT 74.17 469.60 Td (Lean ) Tj ET Q q 0 0 0 rg BT 96.66 469.60 Td (Six ) Tj ET Q q 0 0 0 rg BT 112.50 469.60 Td (Sigma ) Tj ET Q q 0 0 0 rg BT 140.55 469.60 Td (concepts, ) Tj ET Q q 0 0 0 rg BT 180.54 469.60 Td (and ) Tj ET Q q 0 0 0 rg BT 197.48 469.60 Td (managing ) Tj ET Q q 0 0 0 rg BT 239.41 469.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 270.23 469.60 Td (production ) Tj ET Q q 0 0 0 rg BT 316.05 469.60 Td (and ) Tj ET Q q 0 0 0 rg BT 332.99 469.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 373.26 469.60 Td (costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 451.60 Td (In ) Tj ET Q q 0 0 0 rg BT 71.90 451.60 Td (2017, ) Tj ET Q q 0 0 0 rg BT 95.96 451.60 Td (the ) Tj ET Q q 0 0 0 rg BT 109.75 451.60 Td (following ) Tj ET Q q 0 0 0 rg BT 150.20 451.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 182.86 451.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 211.64 451.60 Td (are ) Tj ET Q q 0 0 0 rg BT 225.41 451.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 262.51 451.60 Td (to ) Tj ET Q q 0 0 0 rg BT 271.86 451.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 300.64 451.60 Td (our ) Tj ET Q q 0 0 0 rg BT 315.54 451.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 352.08 451.60 Td (results ) Tj ET Q q 0 0 0 rg BT 379.76 451.60 Td (as ) Tj ET Q q 0 0 0 rg BT 389.66 451.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 430.65 451.60 Td (to ) Tj ET Q q 0 0 0 rg BT 439.99 451.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 461.56 451.60 Td (\(as ) Tj ET Q q 0 0 0 rg BT 474.79 451.60 Td (measured ) Tj ET Q q 0 0 0 rg BT 514.67 451.60 Td (by ) Tj ET Q q 0 0 0 rg BT 525.89 451.60 Td (Adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.60 Td (EBITDA\):) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 424.60 Td (Positive ) Tj ET Q q 0 0 0 rg BT 84.71 424.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 114.99 424.60 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 409.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 409.60 Td (Contribution ) Tj ET Q q 0 0 0 rg BT 139.61 409.60 Td (from ) Tj ET Q q 0 0 0 rg BT 161.55 409.60 Td (the ) Tj ET Q q 0 0 0 rg BT 176.27 409.60 Td (or) Tj ET Q q 0 0 0 rg BT 184.42 409.60 Td (ganic ) Tj ET Q q 0 0 0 rg BT 208.57 409.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 239.40 409.60 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 281.34 409.60 Td (discussed ) Tj ET Q q 0 0 0 rg BT 322.17 409.60 Td (above;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 394.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 394.60 Td (The ) Tj ET Q q 0 0 0 rg BT 104.05 394.60 Td (commencement ) Tj ET Q q 0 0 0 rg BT 169.85 394.60 Td (of ) Tj ET Q q 0 0 0 rg BT 180.68 394.60 Td (commercial ) Tj ET Q q 0 0 0 rg BT 230.38 394.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 274.54 394.60 Td (of ) Tj ET Q q 0 0 0 rg BT 285.37 394.60 Td (our ) Tj ET Q q 0 0 0 rg BT 301.20 394.60 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 331.47 394.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 350.17 394.60 Td ( ) Tj ET Q q 0 0 0 rg BT 352.67 394.60 Td (facility) Tj ET Q q 0 0 0 rg BT 380.34 394.60 Td (, ) Tj ET Q q 0 0 0 rg BT 385.34 394.60 Td (which ) Tj ET Q q 0 0 0 rg BT 412.28 394.60 Td (is ) Tj ET Q q 0 0 0 rg BT 421.45 394.60 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 467.82 394.60 Td (in ) Tj ET Q q 0 0 0 rg BT 478.09 394.60 Td (late ) Tj ET Q q 0 0 0 rg BT 495.03 394.60 Td (2017; ) Tj ET Q q 0 0 0 rg BT 520.31 394.60 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 379.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 379.60 Td (Approximately ) Tj ET Q q 0 0 0 rg BT 149.04 379.60 Td ($10 ) Tj ET Q q 0 0 0 rg BT 166.54 379.60 Td (million ) Tj ET Q q 0 0 0 rg BT 197.93 379.60 Td (from ) Tj ET Q q 0 0 0 rg BT 219.87 379.60 Td (favorable ) Tj ET Q q 0 0 0 rg BT 260.13 379.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 285.39 379.60 Td (and ) Tj ET Q q 0 0 0 rg BT 302.33 379.60 Td (service ) Tj ET Q q 0 0 0 rg BT 333.15 379.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 367.85 379.60 Td (transitions.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 364.60 Td (Negative ) Tj ET Q q 0 0 0 rg BT 88.04 364.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 118.32 364.60 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 349.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 349.60 Td (Approximately ) Tj ET Q q 0 0 0 rg BT 149.04 349.60 Td ($25 ) Tj ET Q q 0 0 0 rg BT 166.54 349.60 Td (million ) Tj ET Q q 0 0 0 rg BT 197.93 349.60 Td (of ) Tj ET Q q 0 0 0 rg BT 208.76 349.60 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 274.01 349.60 Td (on ) Tj ET Q q 0 0 0 rg BT 286.51 349.60 Td (the ) Tj ET Q q 0 0 0 rg BT 301.23 349.60 Td (expiration ) Tj ET Q q 0 0 0 rg BT 344.27 349.60 Td (of ) Tj ET Q q 0 0 0 rg BT 355.10 349.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 397.04 349.60 Td (power ) Tj ET Q q 0 0 0 rg BT 424.53 349.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 462.56 349.60 Td (agreements; ) Tj ET Q q 0 0 0 rg BT 513.37 349.60 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 334.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 334.60 Td ($0 ) Tj ET Q q 0 0 0 rg BT 98.50 334.60 Td (to ) Tj ET Q q 0 0 0 rg BT 108.78 334.60 Td ($20 ) Tj ET Q q 0 0 0 rg BT 126.28 334.60 Td (million ) Tj ET Q q 0 0 0 rg BT 157.67 334.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 182.94 334.60 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 229.31 334.60 Td (market ) Tj ET Q q 0 0 0 rg BT 259.57 334.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 285.95 334.60 Td (for ) Tj ET Q q 0 0 0 rg BT 300.11 334.60 Td (electricity ) Tj ET Q q 0 0 0 rg BT 342.58 334.60 Td (as ) Tj ET Q q 0 0 0 rg BT 353.41 334.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 395.34 334.60 Td (to ) Tj ET Q q 0 0 0 rg BT 405.61 334.60 Td (our ) Tj ET Q q 0 0 0 rg BT 421.44 334.60 Td (hedged ) Tj ET Q q 0 0 0 rg BT 452.82 334.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 479.20 334.60 Td (in ) Tj ET Q q 0 0 0 rg BT 489.48 334.60 Td (2016.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 304.60 Td (LIQUIDITY) Tj ET Q q 0 0 0 rg BT 103.59 304.60 Td ( ) Tj ET Q q 0 0 0 rg BT 105.54 304.60 Td (AND CAPIT) Tj ET Q q 0 0 0 rg BT 160.07 304.60 Td (AL) Tj ET Q q 0 0 0 rg BT 173.41 304.60 Td ( RESOURCES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 286.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 77.25 286.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 115.99 286.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 149.18 286.60 Td (of ) Tj ET Q q 0 0 0 rg BT 160.70 286.60 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 197.79 286.60 Td (are ) Tj ET Q q 0 0 0 rg BT 213.20 286.60 Td (our ) Tj ET Q q 0 0 0 rg BT 229.72 286.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 250.69 286.60 Td (and ) Tj ET Q q 0 0 0 rg BT 268.33 286.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 289.29 286.60 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 340.53 286.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 361.50 286.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 383.02 286.60 Td (generated ) Tj ET Q q 0 0 0 rg BT 425.08 286.60 Td (from ) Tj ET Q q 0 0 0 rg BT 447.72 286.60 Td (our ) Tj ET Q q 0 0 0 rg BT 464.25 286.60 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 500.22 286.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 547.57 286.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.60 Td (available ) Tj ET Q q 0 0 0 rg BT 87.84 274.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 123.40 274.60 Td (under ) Tj ET Q q 0 0 0 rg BT 148.41 274.60 Td (our ) Tj ET Q q 0 0 0 rg BT 163.99 274.60 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 207.91 274.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 235.15 274.60 Td (Facility) Tj ET Q q 0 0 0 rg BT 265.05 274.60 Td (, ) Tj ET Q q 0 0 0 rg BT 269.80 274.60 Td (which ) Tj ET Q q 0 0 0 rg BT 296.49 274.60 Td (we ) Tj ET Q q 0 0 0 rg BT 310.40 274.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 341.52 274.60 Td (will ) Tj ET Q q 0 0 0 rg BT 359.32 274.60 Td (allow ) Tj ET Q q 0 0 0 rg BT 383.79 274.60 Td (us ) Tj ET Q q 0 0 0 rg BT 394.93 274.60 Td (to ) Tj ET Q q 0 0 0 rg BT 404.95 274.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 426.64 274.60 Td (our ) Tj ET Q q 0 0 0 rg BT 442.21 274.60 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 478.35 274.60 Td (needs. ) Tj ET Q q 0 0 0 rg BT 505.87 274.60 Td (For ) Tj ET Q q 0 0 0 rg BT 522.01 274.60 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.60 Td (information ) Tj ET Q q 0 0 0 rg BT 99.64 262.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 140.88 262.60 Td (our ) Tj ET Q q 0 0 0 rg BT 157.13 262.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 182.82 262.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 220.17 262.60 Td (and ) Tj ET Q q 0 0 0 rg BT 237.54 262.60 Td (other ) Tj ET Q q 0 0 0 rg BT 261.01 262.60 Td (debt, ) Tj ET Q q 0 0 0 rg BT 283.65 262.60 Td (see) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 298.92 262.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 319.61 262.60 Td (8. ) Tj ET Q q 0 0 0 rg BT 330.04 262.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 371.84 262.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 417.88 262.60 Td (And ) Tj ET Q q 0 0 0 rg BT 436.92 262.60 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 499.83 262.60 Td (Date ) Tj ET Q q 0 0 0 rg BT 522.19 262.60 Td (- ) Tj ET Q q 0 0 0 rg BT 528.44 262.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 550.26 262.60 Td (1) Tj ET Q q 0 0 0 rg BT 554.51 262.60 Td (1. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 250.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 105.33 250.60 Td (Debt.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 232.60 Td (In ) Tj ET Q q 0 0 0 rg BT 69.74 232.60 Td (2017, ) Tj ET Q q 0 0 0 rg BT 95.16 232.60 Td (we ) Tj ET Q q 0 0 0 rg BT 109.73 232.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 138.74 232.60 Td (to ) Tj ET Q q 0 0 0 rg BT 149.43 232.60 Td (generate ) Tj ET Q q 0 0 0 rg BT 186.21 232.60 Td (net ) Tj ET Q q 0 0 0 rg BT 201.34 232.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 222.02 232.60 Td (from ) Tj ET Q q 0 0 0 rg BT 244.38 232.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 285.05 232.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 324.07 232.60 Td (which ) Tj ET Q q 0 0 0 rg BT 351.42 232.60 Td (may ) Tj ET Q q 0 0 0 rg BT 371.55 232.60 Td (not ) Tj ET Q q 0 0 0 rg BT 387.24 232.60 Td (alone ) Tj ET Q q 0 0 0 rg BT 411.81 232.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 434.16 232.60 Td (all ) Tj ET Q q 0 0 0 rg BT 447.07 232.60 Td (of ) Tj ET Q q 0 0 0 rg BT 458.31 232.60 Td (our ) Tj ET Q q 0 0 0 rg BT 474.56 232.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 495.24 232.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 550.35 232.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 220.60 Td (both ) Tj ET Q q 0 0 0 rg BT 69.19 220.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 97.74 220.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 150.74 220.60 Td (to ) Tj ET Q q 0 0 0 rg BT 160.43 220.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 197.32 220.60 Td (our ) Tj ET Q q 0 0 0 rg BT 212.56 220.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 246.13 220.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 271.37 220.60 Td (and ) Tj ET Q q 0 0 0 rg BT 287.72 220.60 Td (for ) Tj ET Q q 0 0 0 rg BT 301.28 220.60 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 335.97 220.60 Td (dividends ) Tj ET Q q 0 0 0 rg BT 376.76 220.60 Td (to ) Tj ET Q q 0 0 0 rg BT 386.45 220.60 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 441.39 220.60 Td (in ) Tj ET Q q 0 0 0 rg BT 451.07 220.60 Td (which ) Tj ET Q q 0 0 0 rg BT 477.42 220.60 Td (case ) Tj ET Q q 0 0 0 rg BT 496.53 220.60 Td (we ) Tj ET Q q 0 0 0 rg BT 510.10 220.60 Td (would ) Tj ET Q q 0 0 0 rg BT 537.01 220.60 Td (utilize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.60 Td (our ) Tj ET Q q 0 0 0 rg BT 64.81 208.60 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 108.45 208.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 135.42 208.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 167.95 208.60 Td (on ) Tj ET Q q 0 0 0 rg BT 179.92 208.60 Td (an ) Tj ET Q q 0 0 0 rg BT 191.34 208.60 Td (interim ) Tj ET Q q 0 0 0 rg BT 222.20 208.60 Td (basis. ) Tj ET Q q 0 0 0 rg BT 246.67 208.60 Td (See ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 263.09 208.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 293.95 208.60 Td (of ) Tj ET Q q 0 0 0 rg BT 303.71 208.60 Td (Operations ) Tj ET Q q 0 0 0 rg BT 350.68 208.60 Td (- ) Tj ET Q q 0 0 0 rg BT 355.99 208.60 Td (Business ) Tj ET Q q 0 0 0 rg BT 392.97 208.60 Td (Outlook) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.18 208.60 Td ( ) Tj ET Q q 0 0 0 rg BT 427.16 208.60 Td (above ) Tj ET Q q 0 0 0 rg BT 453.01 208.60 Td (for ) Tj ET Q q 0 0 0 rg BT 466.65 208.60 Td (discussion ) Tj ET Q q 0 0 0 rg BT 510.30 208.60 Td (of ) Tj ET Q q 0 0 0 rg BT 520.60 208.60 Td (the ) Tj ET Q q 0 0 0 rg BT 534.80 208.60 Td (factors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.60 Td (impacting ) Tj ET Q q 0 0 0 rg BT 91.82 196.60 Td (our ) Tj ET Q q 0 0 0 rg BT 107.48 196.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 129.81 196.60 Td (business ) Tj ET Q q 0 0 0 rg BT 166.04 196.60 Td (outlook. ) Tj ET Q q 0 0 0 rg BT 201.26 196.60 Td (W) Tj ET Q q 0 0 0 rg BT 209.90 196.60 Td (e ) Tj ET Q q 0 0 0 rg BT 216.67 196.60 Td (intend ) Tj ET Q q 0 0 0 rg BT 243.99 196.60 Td (to ) Tj ET Q q 0 0 0 rg BT 254.10 196.60 Td (utilize ) Tj ET Q q 0 0 0 rg BT 281.42 196.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 300.97 196.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 341.07 196.60 Td (as ) Tj ET Q q 0 0 0 rg BT 351.73 196.60 Td (the ) Tj ET Q q 0 0 0 rg BT 366.28 196.60 Td (primary ) Tj ET Q q 0 0 0 rg BT 400.26 196.60 Td (means ) Tj ET Q q 0 0 0 rg BT 428.14 196.60 Td (to ) Tj ET Q q 0 0 0 rg BT 438.25 196.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 458.91 196.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 509.02 196.60 Td (in ) Tj ET Q q 0 0 0 rg BT 519.13 196.60 Td (the ) Tj ET Q q 0 0 0 rg BT 533.68 196.60 Td (growth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 184.60 Td (of ) Tj ET Q q 0 0 0 rg BT 59.74 184.60 Td (our ) Tj ET Q q 0 0 0 rg BT 74.99 184.60 Td (business ) Tj ET Q q 0 0 0 rg BT 110.79 184.60 Td (in ) Tj ET Q q 0 0 0 rg BT 120.49 184.60 Td (2017, ) Tj ET Q q 0 0 0 rg BT 144.90 184.60 Td (including ) Tj ET Q q 0 0 0 rg BT 184.59 184.60 Td (completing ) Tj ET Q q 0 0 0 rg BT 231.49 184.60 Td (the ) Tj ET Q q 0 0 0 rg BT 245.62 184.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 296.97 184.60 Td (of ) Tj ET Q q 0 0 0 rg BT 307.21 184.60 Td (the ) Tj ET Q q 0 0 0 rg BT 321.35 184.60 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 351.04 184.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 369.73 184.60 Td ( ) Tj ET Q q 0 0 0 rg BT 371.65 184.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 401.88 184.60 Td (\(utilizing ) Tj ET Q q 0 0 0 rg BT 440.46 184.60 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 494.57 184.60 Td (project ) Tj ET Q q 0 0 0 rg BT 524.25 184.60 Td (financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 172.60 Td (arranged ) Tj ET Q q 0 0 0 rg BT 85.87 172.60 Td (in ) Tj ET Q q 0 0 0 rg BT 95.04 172.60 Td (2014\) ) Tj ET Q q 0 0 0 rg BT 119.76 172.60 Td (and ) Tj ET Q q 0 0 0 rg BT 135.58 172.60 Td (other ) Tj ET Q q 0 0 0 rg BT 157.52 172.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 206.69 172.60 Td (in ) Tj ET Q q 0 0 0 rg BT 215.86 172.60 Td (our ) Tj ET Q q 0 0 0 rg BT 230.58 172.60 Td (or) Tj ET Q q 0 0 0 rg BT 238.73 172.60 Td (ganic ) Tj ET Q q 0 0 0 rg BT 261.77 172.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 291.49 172.60 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 332.32 172.60 Td (\(utilizing ) Tj ET Q q 0 0 0 rg BT 370.37 172.60 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 417.31 172.60 Td (under ) Tj ET Q q 0 0 0 rg BT 441.47 172.60 Td (our ) Tj ET Q q 0 0 0 rg BT 456.19 172.60 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 499.25 172.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 525.64 172.60 Td (Facility\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 154.60 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 154.60 Td (e ) Tj ET Q q 0 0 0 rg BT 73.97 154.60 Td (have ) Tj ET Q q 0 0 0 rg BT 95.24 154.60 Td (substantial ) Tj ET Q q 0 0 0 rg BT 140.41 154.60 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 196.96 154.60 Td (including ) Tj ET Q q 0 0 0 rg BT 237.13 154.60 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 257.02 154.60 Td (billion ) Tj ET Q q 0 0 0 rg BT 285.53 154.60 Td (that ) Tj ET Q q 0 0 0 rg BT 302.92 154.60 Td (will ) Tj ET Q q 0 0 0 rg BT 320.87 154.60 Td (mature ) Tj ET Q q 0 0 0 rg BT 351.02 154.60 Td (through ) Tj ET Q q 0 0 0 rg BT 384.53 154.60 Td (2020. ) Tj ET Q q 0 0 0 rg BT 409.25 154.60 Td (W) Tj ET Q q 0 0 0 rg BT 417.89 154.60 Td (e ) Tj ET Q q 0 0 0 rg BT 424.72 154.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 464.31 154.60 Td (intend ) Tj ET Q q 0 0 0 rg BT 491.70 154.60 Td (to ) Tj ET Q q 0 0 0 rg BT 501.88 154.60 Td (refinance ) Tj ET Q q 0 0 0 rg BT 541.46 154.60 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.60 Td (instruments ) Tj ET Q q 0 0 0 rg BT 97.91 142.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 119.09 142.60 Td (to ) Tj ET Q q 0 0 0 rg BT 128.61 142.60 Td (maturity ) Tj ET Q q 0 0 0 rg BT 164.24 142.60 Td (with ) Tj ET Q q 0 0 0 rg BT 183.76 142.60 Td (like-kind ) Tj ET Q q 0 0 0 rg BT 221.60 142.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 261.11 142.60 Td (in ) Tj ET Q q 0 0 0 rg BT 270.63 142.60 Td (the ) Tj ET Q q 0 0 0 rg BT 284.59 142.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 305.77 142.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 333.06 142.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 352.02 142.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 380.42 142.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 413.82 142.60 Td (in ) Tj ET Q q 0 0 0 rg BT 423.34 142.60 Td (order ) Tj ET Q q 0 0 0 rg BT 446.18 142.60 Td (to ) Tj ET Q q 0 0 0 rg BT 455.70 142.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 492.43 142.60 Td (a ) Tj ET Q q 0 0 0 rg BT 498.62 142.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 527.01 142.60 Td (structure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.60 Td (comprised ) Tj ET Q q 0 0 0 rg BT 93.53 130.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 133.13 130.60 Td (of ) Tj ET Q q 0 0 0 rg BT 143.84 130.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 185.65 130.60 Td (debt, ) Tj ET Q q 0 0 0 rg BT 207.74 130.60 Td (which ) Tj ET Q q 0 0 0 rg BT 234.56 130.60 Td (we ) Tj ET Q q 0 0 0 rg BT 248.60 130.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 279.85 130.60 Td (appropriately ) Tj ET Q q 0 0 0 rg BT 335.54 130.60 Td (matches ) Tj ET Q q 0 0 0 rg BT 370.69 130.60 Td (the ) Tj ET Q q 0 0 0 rg BT 385.28 130.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 427.10 130.60 Td (nature ) Tj ET Q q 0 0 0 rg BT 454.46 130.60 Td (of ) Tj ET Q q 0 0 0 rg BT 465.17 130.60 Td (our ) Tj ET Q q 0 0 0 rg BT 480.88 130.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 506.59 130.60 Td (and ) Tj ET Q q 0 0 0 rg BT 523.41 130.60 Td (contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 112.60 Td (The ) Tj ET Q q 0 0 0 rg BT 75.94 112.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 95.04 112.60 Td (documentation ) Tj ET Q q 0 0 0 rg BT 156.36 112.60 Td (governing ) Tj ET Q q 0 0 0 rg BT 198.80 112.60 Td (the ) Tj ET Q q 0 0 0 rg BT 212.90 112.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 239.79 112.60 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 278.34 112.60 Td (contains ) Tj ET Q q 0 0 0 rg BT 313.55 112.60 Td (various ) Tj ET Q q 0 0 0 rg BT 344.88 112.60 Td (af) Tj ET Q q 0 0 0 rg BT 352.47 112.60 Td (firmative ) Tj ET Q q 0 0 0 rg BT 391.01 112.60 Td (and ) Tj ET Q q 0 0 0 rg BT 407.34 112.60 Td (negative ) Tj ET Q q 0 0 0 rg BT 443.10 112.60 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 487.47 112.60 Td (as ) Tj ET Q q 0 0 0 rg BT 497.69 112.60 Td (well ) Tj ET Q q 0 0 0 rg BT 516.80 112.60 Td (as ) Tj ET Q q 0 0 0 rg BT 527.02 112.60 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 100.60 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 102.58 100.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 145.11 100.60 Td (\(financial ) Tj ET Q q 0 0 0 rg BT 185.97 100.60 Td (ratios\), ) Tj ET Q q 0 0 0 rg BT 216.57 100.60 Td (that ) Tj ET Q q 0 0 0 rg BT 234.12 100.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 255.56 100.60 Td (our ) Tj ET Q q 0 0 0 rg BT 271.44 100.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 299.54 100.60 Td (to ) Tj ET Q q 0 0 0 rg BT 309.87 100.60 Td (engage ) Tj ET Q q 0 0 0 rg BT 340.74 100.60 Td (in ) Tj ET Q q 0 0 0 rg BT 351.06 100.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 380.82 100.60 Td (types ) Tj ET Q q 0 0 0 rg BT 404.48 100.60 Td (of ) Tj ET Q q 0 0 0 rg BT 415.36 100.60 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 467.98 100.60 Td (W) Tj ET Q q 0 0 0 rg BT 476.62 100.60 Td (e ) Tj ET Q q 0 0 0 rg BT 483.61 100.60 Td (were ) Tj ET Q q 0 0 0 rg BT 505.59 100.60 Td (in ) Tj ET Q q 0 0 0 rg BT 515.92 100.60 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 88.60 Td (with ) Tj ET Q q 0 0 0 rg BT 70.54 88.60 Td (all ) Tj ET Q q 0 0 0 rg BT 83.80 88.60 Td (of ) Tj ET Q q 0 0 0 rg BT 95.39 88.60 Td (the ) Tj ET Q q 0 0 0 rg BT 110.87 88.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 154.12 88.60 Td (under ) Tj ET Q q 0 0 0 rg BT 180.15 88.60 Td (the ) Tj ET Q q 0 0 0 rg BT 195.63 88.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 223.89 88.60 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 263.81 88.60 Td (as ) Tj ET Q q 0 0 0 rg BT 275.41 88.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.00 88.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 346.35 88.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.35 88.60 Td (. ) Tj ET Q q 0 0 0 rg BT 372.11 88.60 Td (Further) Tj ET Q q 0 0 0 rg BT 401.15 88.60 Td (, ) Tj ET Q q 0 0 0 rg BT 406.91 88.60 Td (we ) Tj ET Q q 0 0 0 rg BT 421.84 88.60 Td (do ) Tj ET Q q 0 0 0 rg BT 435.10 88.60 Td (not ) Tj ET Q q 0 0 0 rg BT 451.14 88.60 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 493.27 88.60 Td (our ) Tj ET Q q 0 0 0 rg BT 509.86 88.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 544.79 88.60 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 76.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 91.99 76.60 Td (to ) Tj ET Q q 0 0 0 rg BT 102.26 76.60 Td (restrict ) Tj ET Q q 0 0 0 rg BT 132.53 76.60 Td (our ) Tj ET Q q 0 0 0 rg BT 148.36 76.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 176.41 76.60 Td (to ) Tj ET Q q 0 0 0 rg BT 186.69 76.60 Td (undertake ) Tj ET Q q 0 0 0 rg BT 228.61 76.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 271.10 76.60 Td (financing.) Tj ET Q endstream endobj 97 0 obj <>] /Rotate 0 /Contents 98 0 R>> endobj 98 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 742.10 Td (As ) Tj ET Q q 0 0 0 rg BT 72.79 742.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.29 742.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 143.55 742.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.55 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 169.23 742.10 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 205.73 742.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 224.43 742.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 237.60 742.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.21 742.10 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 275.89 742.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 305.18 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 316.13 742.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 343.75 742.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 377.46 742.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 403.40 742.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 443.50 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 471.11 742.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 507.62 742.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.23 742.10 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 535.90 742.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 93.72 730.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 121.27 730.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 154.37 730.10 Td (expiring ) Tj ET Q q 0 0 0 rg BT 190.25 730.10 Td (between ) Tj ET Q q 0 0 0 rg BT 226.12 730.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 248.67 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 265.66 730.10 Td (2020. ) Tj ET Q q 0 0 0 rg BT 290.15 730.10 Td (As ) Tj ET Q q 0 0 0 rg BT 303.82 730.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.70 730.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 373.33 730.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.33 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 398.39 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 414.27 730.10 Td (available ) Tj ET Q q 0 0 0 rg BT 452.91 730.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 489.36 730.10 Td (was ) Tj ET Q q 0 0 0 rg BT 507.46 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 518.34 730.10 Td (follows ) Tj ET Q q 0 0 0 rg BT 550.90 730.10 Td (\(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 694.60 407.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 694.60 105.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 664.60 407.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 664.60 105.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 694.6 m 562 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 694.6 m 562 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 664.6 m 562 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 650.6 m 562 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 648.6 m 562 648.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 698.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.95 698.83 Td (As of December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 684.27 Td (Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.50 684.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 684.27 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 669.27 Td (Available borrowing capacity under Revolving Credit Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 669.27 Td (501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 654.27 Td (Total available liquidity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.50 654.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 654.27 Td (585) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 632.10 Td (In ) Tj ET Q q 0 0 0 rg BT 69.52 632.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 107.48 632.10 Td (as ) Tj ET Q q 0 0 0 rg BT 118.49 632.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.51 632.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 188.28 632.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.28 632.10 Td (, ) Tj ET Q q 0 0 0 rg BT 213.47 632.10 Td (we ) Tj ET Q q 0 0 0 rg BT 227.82 632.10 Td (had ) Tj ET Q q 0 0 0 rg BT 244.94 632.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 284.83 632.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 305.29 632.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.30 632.10 Td ($1) Tj ET Q q 0 0 0 rg BT 325.93 632.10 Td (10 ) Tj ET Q q 0 0 0 rg BT 338.62 632.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.51 632.10 Td (, ) Tj ET Q q 0 0 0 rg BT 372.70 632.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.72 632.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.84 632.10 Td ($17 ) Tj ET Q q 0 0 0 rg BT 428.53 632.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.42 632.10 Td ( ) Tj ET Q q 0 0 0 rg BT 460.11 632.10 Td (was ) Tj ET Q q 0 0 0 rg BT 478.35 632.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 523.80 632.10 Td (for ) Tj ET Q q 0 0 0 rg BT 538.14 632.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 86.66 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.71 620.10 Td (project ) Tj ET Q q 0 0 0 rg BT 128.20 620.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 148.14 620.10 Td (principal. ) Tj ET Q q 0 0 0 rg BT 188.91 620.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 232.18 620.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 257.12 620.10 Td (held ) Tj ET Q q 0 0 0 rg BT 277.06 620.10 Td (in ) Tj ET Q q 0 0 0 rg BT 287.57 620.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 308.07 620.10 Td (are ) Tj ET Q q 0 0 0 rg BT 323.00 620.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 362.94 620.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 399.55 620.10 Td (received ) Tj ET Q q 0 0 0 rg BT 436.14 620.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.30 620.10 Td (held ) Tj ET Q q 0 0 0 rg BT 473.24 620.10 Td (by ) Tj ET Q q 0 0 0 rg BT 485.96 620.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 531.45 620.10 Td (trustees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 82.88 608.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.49 608.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 123.53 608.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 158.02 608.10 Td (we ) Tj ET Q q 0 0 0 rg BT 172.51 608.10 Td (own. ) Tj ET Q q 0 0 0 rg BT 194.86 608.10 Td (W) Tj ET Q q 0 0 0 rg BT 203.50 608.10 Td (e ) Tj ET Q q 0 0 0 rg BT 210.77 608.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 250.81 608.10 Td (do ) Tj ET Q q 0 0 0 rg BT 263.64 608.10 Td (not ) Tj ET Q q 0 0 0 rg BT 279.26 608.10 Td (control ) Tj ET Q q 0 0 0 rg BT 310.42 608.10 Td (these ) Tj ET Q q 0 0 0 rg BT 333.80 608.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 371.62 608.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.89 608.10 Td (these ) Tj ET Q q 0 0 0 rg BT 412.27 608.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 437.33 608.10 Td (may ) Tj ET Q q 0 0 0 rg BT 457.38 608.10 Td (be ) Tj ET Q q 0 0 0 rg BT 469.65 608.10 Td (used ) Tj ET Q q 0 0 0 rg BT 490.82 608.10 Td (only ) Tj ET Q q 0 0 0 rg BT 511.43 608.10 Td (for ) Tj ET Q q 0 0 0 rg BT 525.92 608.10 Td (specified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 89.34 596.10 Td (For ) Tj ET Q q 0 0 0 rg BT 105.01 596.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 146.79 596.10 Td (information ) Tj ET Q q 0 0 0 rg BT 195.78 596.10 Td (on ) Tj ET Q q 0 0 0 rg BT 207.57 596.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 246.56 596.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 270.56 596.10 Td (held ) Tj ET Q q 0 0 0 rg BT 289.56 596.10 Td (in ) Tj ET Q q 0 0 0 rg BT 299.13 596.10 Td (trust, ) Tj ET Q q 0 0 0 rg BT 321.19 596.10 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 335.74 596.10 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 365.30 596.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 405.96 596.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 450.94 596.10 Td (And ) Tj ET Q q 0 0 0 rg BT 468.84 596.10 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 530.61 596.10 Td (Data ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 70.89 584.10 Td (1.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 78.39 584.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 80.89 584.10 Td (Or) Tj ET Q q 0 0 0 rg BT 91.63 584.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 136.36 584.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.86 584.10 Td (Summary ) Tj ET Q q 0 0 0 rg BT 194.13 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.41 584.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 250.06 584.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 298.10 584.10 Td (Policies) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 330.31 584.10 Td ( ) Tj ET Q q 0 0 0 rg BT 332.81 584.10 Td (- ) Tj ET Q q 0 0 0 rg BT 338.64 584.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 381.68 584.10 Td (Funds ) Tj ET Q q 0 0 0 rg BT 409.18 584.10 Td (Held ) Tj ET Q q 0 0 0 rg BT 431.12 584.10 Td (in ) Tj ET Q q 0 0 0 rg BT 441.40 584.10 Td (T) Tj ET Q q 0 0 0 rg BT 446.41 584.10 Td (rust.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 566.10 Td ( ) Tj ET Q q 0 0 0 rg BT 61.82 566.10 Td (W) Tj ET Q q 0 0 0 rg BT 70.46 566.10 Td (e ) Tj ET Q q 0 0 0 rg BT 78.47 566.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 117.04 566.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 149.48 566.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 170.82 566.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 224.40 566.10 Td (from ) Tj ET Q q 0 0 0 rg BT 247.42 566.10 Td (our ) Tj ET Q q 0 0 0 rg BT 264.33 566.10 Td (North ) Tj ET Q q 0 0 0 rg BT 290.44 566.10 Td (America ) Tj ET Q q 0 0 0 rg BT 328.44 566.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 365.35 566.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 400.58 566.10 Td (on ) Tj ET Q q 0 0 0 rg BT 414.15 566.10 Td (a ) Tj ET Q q 0 0 0 rg BT 422.17 566.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 459.08 566.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 484.90 566.10 Td (The ) Tj ET Q q 0 0 0 rg BT 504.02 566.10 Td (frequency ) Tj ET Q q 0 0 0 rg BT 547.57 566.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 554.10 Td (predictability ) Tj ET Q q 0 0 0 rg BT 106.34 554.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.20 554.10 Td (which ) Tj ET Q q 0 0 0 rg BT 146.17 554.10 Td (dif) Tj ET Q q 0 0 0 rg BT 157.10 554.10 Td (fers ) Tj ET Q q 0 0 0 rg BT 175.61 554.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 220.80 554.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 244.32 554.10 Td (various ) Tj ET Q q 0 0 0 rg BT 277.29 554.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 310.53 554.10 Td (including, ) Tj ET Q q 0 0 0 rg BT 354.33 554.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 390.06 554.10 Td (a ) Tj ET Q q 0 0 0 rg BT 398.03 554.10 Td (project ) Tj ET Q q 0 0 0 rg BT 429.32 554.10 Td (is ) Tj ET Q q 0 0 0 rg BT 439.52 554.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 479.15 554.10 Td (or ) Tj ET Q q 0 0 0 rg BT 491.01 554.10 Td (international, ) Tj ET Q q 0 0 0 rg BT 547.57 554.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 542.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 83.77 542.10 Td (a ) Tj ET Q q 0 0 0 rg BT 90.27 542.10 Td (project ) Tj ET Q q 0 0 0 rg BT 120.09 542.10 Td (has ) Tj ET Q q 0 0 0 rg BT 135.48 542.10 Td (been ) Tj ET Q q 0 0 0 rg BT 156.42 542.10 Td (able ) Tj ET Q q 0 0 0 rg BT 175.13 542.10 Td (to ) Tj ET Q q 0 0 0 rg BT 184.97 542.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 216.46 542.10 Td (at ) Tj ET Q q 0 0 0 rg BT 225.74 542.10 Td (its ) Tj ET Q q 0 0 0 rg BT 237.24 542.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 276.52 542.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 301.90 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.29 542.10 Td (production. ) Tj ET Q q 0 0 0 rg BT 360.03 542.10 Td (The ) Tj ET Q q 0 0 0 rg BT 377.64 542.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 405.81 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.20 542.10 Td (our ) Tj ET Q q 0 0 0 rg BT 431.59 542.10 Td (receipt ) Tj ET Q q 0 0 0 rg BT 460.85 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.25 542.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 491.07 542.10 Td (from ) Tj ET Q q 0 0 0 rg BT 512.57 542.10 Td (construction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 530.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 82.92 530.10 Td (for ) Tj ET Q q 0 0 0 rg BT 96.34 530.10 Td (public ) Tj ET Q q 0 0 0 rg BT 123.10 530.10 Td (sector ) Tj ET Q q 0 0 0 rg BT 148.74 530.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 176.60 530.10 Td (is ) Tj ET Q q 0 0 0 rg BT 185.04 530.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 224.00 530.10 Td (based ) Tj ET Q q 0 0 0 rg BT 248.53 530.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 270.30 530.10 Td (our ) Tj ET Q q 0 0 0 rg BT 285.39 530.10 Td (reaching ) Tj ET Q q 0 0 0 rg BT 321.58 530.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 368.33 530.10 Td (milestones ) Tj ET Q q 0 0 0 rg BT 412.86 530.10 Td (as ) Tj ET Q q 0 0 0 rg BT 422.96 530.10 Td (set ) Tj ET Q q 0 0 0 rg BT 435.83 530.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 457.03 530.10 Td (in ) Tj ET Q q 0 0 0 rg BT 466.57 530.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.55 530.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 523.40 530.10 Td (contracts, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 518.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 518.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.16 518.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 109.77 518.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.71 518.10 Td (size ) Tj ET Q q 0 0 0 rg BT 144.75 518.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.58 518.10 Td (these ) Tj ET Q q 0 0 0 rg BT 178.63 518.10 Td (milestone ) Tj ET Q q 0 0 0 rg BT 220.01 518.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 260.84 518.10 Td (can ) Tj ET Q q 0 0 0 rg BT 277.21 518.10 Td (result ) Tj ET Q q 0 0 0 rg BT 301.93 518.10 Td (in ) Tj ET Q q 0 0 0 rg BT 312.21 518.10 Td (material ) Tj ET Q q 0 0 0 rg BT 347.47 518.10 Td (working ) Tj ET Q q 0 0 0 rg BT 383.30 518.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 412.45 518.10 Td (variability ) Tj ET Q q 0 0 0 rg BT 456.05 518.10 Td (between ) Tj ET Q q 0 0 0 rg BT 491.86 518.10 Td (periods.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 500.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 76.26 500.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 110.12 500.10 Td (future ) Tj ET Q q 0 0 0 rg BT 136.21 500.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 156.19 500.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 210.60 500.10 Td (will ) Tj ET Q q 0 0 0 rg BT 228.36 500.10 Td (be ) Tj ET Q q 0 0 0 rg BT 240.01 500.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.00 500.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 270.53 500.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 299.39 500.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 352.70 500.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.68 500.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 399.88 500.10 Td (our ) Tj ET Q q 0 0 0 rg BT 415.42 500.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 449.29 500.10 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 496.22 500.10 Td (service ) Tj ET Q q 0 0 0 rg BT 526.75 500.10 Td (our ) Tj ET Q q 0 0 0 rg BT 542.29 500.10 Td (debt, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 76.37 488.10 Td (in ) Tj ET Q q 0 0 0 rg BT 87.14 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.34 488.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 133.66 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.98 488.10 Td (our ) Tj ET Q q 0 0 0 rg BT 161.30 488.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 200.67 488.10 Td (and ) Tj ET Q q 0 0 0 rg BT 218.10 488.10 Td (return ) Tj ET Q q 0 0 0 rg BT 244.96 488.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 274.60 488.10 Td (to ) Tj ET Q q 0 0 0 rg BT 285.37 488.10 Td (our ) Tj ET Q q 0 0 0 rg BT 301.69 488.10 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 357.49 488.10 Td (W) Tj ET Q q 0 0 0 rg BT 366.13 488.10 Td (e ) Tj ET Q q 0 0 0 rg BT 373.56 488.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 405.42 488.10 Td (that ) Tj ET Q q 0 0 0 rg BT 423.40 488.10 Td (our ) Tj ET Q q 0 0 0 rg BT 439.72 488.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 476.60 488.10 Td (position ) Tj ET Q q 0 0 0 rg BT 511.81 488.10 Td (and ) Tj ET Q q 0 0 0 rg BT 529.23 488.10 Td (ongoing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.77 476.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 90.60 476.10 Td (from ) Tj ET Q q 0 0 0 rg BT 112.54 476.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 156.69 476.10 Td (will ) Tj ET Q q 0 0 0 rg BT 174.75 476.10 Td (be ) Tj ET Q q 0 0 0 rg BT 186.69 476.10 Td (suf) Tj ET Q q 0 0 0 rg BT 198.73 476.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 226.77 476.10 Td (to ) Tj ET Q q 0 0 0 rg BT 237.05 476.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 268.97 476.10 Td (these ) Tj ET Q q 0 0 0 rg BT 292.02 476.10 Td (requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 458.10 Td (The ) Tj ET Q q 0 0 0 rg BT 76.55 458.10 Td (following ) Tj ET Q q 0 0 0 rg BT 117.93 458.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 168.20 458.10 Td (our ) Tj ET Q q 0 0 0 rg BT 184.03 458.10 Td (key ) Tj ET Q q 0 0 0 rg BT 200.97 458.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 241.23 458.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 279.83 458.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 323.98 458.10 Td (during ) Tj ET Q q 0 0 0 rg BT 352.59 458.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.30 458.10 Td (year ) Tj ET Q q 0 0 0 rg BT 387.01 458.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.39 458.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 471.97 458.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.97 458.10 Td (: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 440.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 440.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 440.10 Td (e ) Tj ET Q q 0 0 0 rg BT 82.92 440.10 Td (received ) Tj ET Q q 0 0 0 rg BT 119.13 440.10 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 149.79 440.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 187.68 440.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.51 440.10 Td ($105 ) Tj ET Q q 0 0 0 rg BT 220.85 440.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.74 440.10 Td ( ) Tj ET Q q 0 0 0 rg BT 252.09 440.10 Td (from ) Tj ET Q q 0 0 0 rg BT 273.87 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.44 440.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 306.33 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.01 440.10 Td (our ) Tj ET Q q 0 0 0 rg BT 332.68 440.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 376.69 440.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 412.36 440.10 Td (in ) Tj ET Q q 0 0 0 rg BT 422.49 440.10 Td (China, ) Tj ET Q q 0 0 0 rg BT 451.22 440.10 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 486.89 440.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 547.00 440.10 Td ($95 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 428.10 Td (million ) Tj ET Q q 0 0 0 rg BT 98.89 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.72 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.44 428.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 162.48 428.10 Td (to ) Tj ET Q q 0 0 0 rg BT 172.75 428.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 197.46 428.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 245.51 428.10 Td (under ) Tj ET Q q 0 0 0 rg BT 270.78 428.10 Td (our ) Tj ET Q q 0 0 0 rg BT 286.61 428.10 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 330.78 428.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 358.27 428.10 Td (Facility) Tj ET Q q 0 0 0 rg BT 388.17 428.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 410.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 410.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 410.10 Td (e ) Tj ET Q q 0 0 0 rg BT 82.06 410.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 119.64 410.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.34 410.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 154.82 410.10 Td (term ) Tj ET Q q 0 0 0 rg BT 174.63 410.10 Td (related ) Tj ET Q q 0 0 0 rg BT 203.31 410.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.58 410.10 Td (our ) Tj ET Q q 0 0 0 rg BT 227.39 410.10 Td (Union ) Tj ET Q q 0 0 0 rg BT 253.88 410.10 Td (County ) Tj ET Q q 0 0 0 rg BT 284.81 410.10 Td (EfW) Tj ET Q q 0 0 0 rg BT 303.51 410.10 Td ( ) Tj ET Q q 0 0 0 rg BT 305.00 410.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 334.80 410.10 Td (through ) Tj ET Q q 0 0 0 rg BT 367.40 410.10 Td (2053. ) Tj ET Q q 0 0 0 rg BT 391.38 410.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 409.53 410.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 448.23 410.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.49 410.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.19 410.10 Td (length ) Tj ET Q q 0 0 0 rg BT 497.67 410.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.49 410.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.19 410.10 Td (extension, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 398.10 Td (we ) Tj ET Q q 0 0 0 rg BT 81.66 398.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 119.14 398.10 Td (a ) Tj ET Q q 0 0 0 rg BT 126.07 398.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 148.56 398.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 182.17 398.10 Td (of$104 ) Tj ET Q q 0 0 0 rg BT 215.50 398.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 249.39 398.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 292.42 398.10 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 328.25 398.10 Td (an ) Tj ET Q q 0 0 0 rg BT 340.19 398.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 389.88 398.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 434.04 398.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 451.53 398.10 Td (of5.0%. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 380.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 380.10 Td (In ) Tj ET Q q 0 0 0 rg BT 79.31 380.10 Td (December ) Tj ET Q q 0 0 0 rg BT 123.87 380.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 149.84 380.10 Td (at ) Tj ET Q q 0 0 0 rg BT 160.53 380.10 Td (our ) Tj ET Q q 0 0 0 rg BT 177.34 380.10 Td (option, ) Tj ET Q q 0 0 0 rg BT 208.87 380.10 Td (we ) Tj ET Q q 0 0 0 rg BT 224.01 380.10 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 266.34 380.10 Td ($30 ) Tj ET Q q 0 0 0 rg BT 284.82 380.10 Td (million ) Tj ET Q q 0 0 0 rg BT 317.19 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.99 380.10 Td (6.45% ) Tj ET Q q 0 0 0 rg BT 358.30 380.10 Td (tax-exempt ) Tj ET Q q 0 0 0 rg BT 406.75 380.10 Td (project ) Tj ET Q q 0 0 0 rg BT 437.99 380.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 465.36 380.10 Td (due ) Tj ET Q q 0 0 0 rg BT 483.28 380.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 506.75 380.10 Td (related ) Tj ET Q q 0 0 0 rg BT 537.43 380.10 Td (to ) Tj ET Q q 0 0 0 rg BT 548.68 380.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 368.10 Td (Southeastern ) Tj ET Q q 0 0 0 rg BT 121.66 368.10 Td (Connecticut ) Tj ET Q q 0 0 0 rg BT 172.48 368.10 Td (EfW) Tj ET Q q 0 0 0 rg BT 191.17 368.10 Td ( ) Tj ET Q q 0 0 0 rg BT 193.67 368.10 Td (facility) Tj ET Q q 0 0 0 rg BT 221.34 368.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 350.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 350.10 Td (During ) Tj ET Q q 0 0 0 rg BT 98.06 350.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 122.79 350.10 Td (we ) Tj ET Q q 0 0 0 rg BT 136.68 350.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 168.90 350.10 Td (147 ) Tj ET Q q 0 0 0 rg BT 191.13 350.10 Td (million ) Tj ET Q q 0 0 0 rg BT 222.25 350.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.82 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.26 350.10 Td (250 ) Tj ET Q q 0 0 0 rg BT 269.49 350.10 Td (million ) Tj ET Q q 0 0 0 rg BT 300.62 350.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 330.62 350.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 358.80 350.10 Td (T) Tj ET Q q 0 0 0 rg BT 364.21 350.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 381.99 350.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 404.77 350.10 Td (to ) Tj ET Q q 0 0 0 rg BT 414.77 350.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 435.34 350.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 487.00 350.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 509.23 350.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.79 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.24 350.10 Td (Dublin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 338.10 Td (EfW) Tj ET Q q 0 0 0 rg BT 86.20 338.10 Td ( ) Tj ET Q q 0 0 0 rg BT 88.70 338.10 Td (facility) Tj ET Q q 0 0 0 rg BT 116.37 338.10 Td (.) 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 49.5 318.53505859375 m 194.998046875 318.53505859375 l s q 0 0 0 rg BT 49.50 320.10 Td (Shar) Tj ET Q q 0 0 0 rg BT 69.88 320.10 Td (e Repur) Tj ET Q q 0 0 0 rg BT 103.86 320.10 Td (chases and Dividends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 302.10 Td (For ) Tj ET Q q 0 0 0 rg BT 75.38 302.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 118.36 302.10 Td (information ) Tj ET Q q 0 0 0 rg BT 168.56 302.10 Td (on ) Tj ET Q q 0 0 0 rg BT 181.54 302.10 Td (share ) Tj ET Q q 0 0 0 rg BT 205.63 302.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 255.81 302.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.24 302.10 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 317.61 302.10 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 333.37 302.10 Td (Item5. ) Tj ET Q q 0 0 0 rg BT 364.13 302.10 Td (Market ) Tj ET Q q 0 0 0 rg BT 395.99 302.10 Td (for ) Tj ET Q q 0 0 0 rg BT 410.65 302.10 Td (Registrant's ) Tj ET Q q 0 0 0 rg BT 461.33 302.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 500.43 302.10 Td (Equity) Tj ET Q q 0 0 0 rg BT 525.98 302.10 Td (, ) Tj ET Q q 0 0 0 rg BT 531.47 302.10 Td (Related ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 290.10 Td (Stockholder ) Tj ET Q q 0 0 0 rg BT 99.19 290.10 Td (Matters ) Tj ET Q q 0 0 0 rg BT 132.23 290.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.16 290.10 Td (Issuer ) Tj ET Q q 0 0 0 rg BT 175.54 290.10 Td (Pur) Tj ET Q q 0 0 0 rg BT 190.17 290.10 Td (chases ) Tj ET Q q 0 0 0 rg BT 218.76 290.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.46 290.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 256.50 290.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 297.86 290.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.79 290.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 334.49 290.10 Td (8. ) Tj ET Q q 0 0 0 rg BT 343.92 290.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 384.73 290.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 429.85 290.10 Td (And ) Tj ET Q q 0 0 0 rg BT 447.89 290.10 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 509.80 290.10 Td (Data ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 543.12 290.10 Td (Note ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 278.10 Td (5.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 57.00 278.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 59.50 278.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 88.10 278.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.60 278.10 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 144.77 278.10 Td (Per ) Tj ET Q q 0 0 0 rg BT 161.71 278.10 Td (Shar) Tj ET Q q 0 0 0 rg BT 180.23 278.10 Td (e ) Tj ET Q q 0 0 0 rg BT 187.17 278.10 Td (\("EPS"\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 219.45 278.10 Td (.) 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 50 258.53505859375 m 306.8798828125 258.53505859375 l s q 0 0 0 rg BT 50.00 260.10 Td (Sour) Tj ET Q q 0 0 0 rg BT 70.38 260.10 Td (ces ) Tj ET Q q 0 0 0 rg BT 85.65 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.27 260.10 Td (Uses ) Tj ET Q q 0 0 0 rg BT 126.22 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.05 260.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 161.22 260.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 184.83 260.10 Td (fr) Tj ET Q q 0 0 0 rg BT 192.42 260.10 Td (om ) Tj ET Q q 0 0 0 rg BT 208.25 260.10 Td (Continuing ) Tj ET Q q 0 0 0 rg BT 259.10 260.10 Td (Operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.88 260.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 242.10 Td (Y) Tj ET Q q 0 0 0 rg BT 64.00 242.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 79.83 242.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 109.00 242.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 168.15 242.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 190.65 242.10 Td (vs. ) Tj ET Q q 0 0 0 rg BT 203.79 242.10 Td (Y) Tj ET Q q 0 0 0 rg BT 208.79 242.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 224.63 242.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 253.79 242.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 312.94 242.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 224.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 76.80 224.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 97.92 224.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 136.83 224.10 Td (by ) Tj ET Q q 0 0 0 rg BT 150.19 224.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 191.31 224.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 230.77 224.10 Td (from ) Tj ET Q q 0 0 0 rg BT 253.56 224.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 299.70 224.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 344.71 224.10 Td (for ) Tj ET Q q 0 0 0 rg BT 359.73 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.30 224.10 Td (year ) Tj ET Q q 0 0 0 rg BT 395.87 224.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.10 224.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 482.55 224.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.55 224.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.90 224.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.66 224.10 Td (d ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.02 224.10 Td ($33 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 212.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.88 212.10 Td (from ) Tj ET Q q 0 0 0 rg BT 104.32 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.53 212.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 141.96 212.10 Td (year ) Tj ET Q q 0 0 0 rg BT 162.16 212.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 192.98 212.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.52 212.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.28 212.10 Td ( ) Tj ET Q q 0 0 0 rg BT 247.27 212.10 Td (was ) Tj ET Q q 0 0 0 rg BT 265.81 212.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 306.02 212.10 Td (due ) Tj ET Q q 0 0 0 rg BT 323.45 212.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.22 212.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 359.98 212.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 401.85 212.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 428.73 212.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 470.05 212.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 490.26 212.10 Td (in ) Tj ET Q q 0 0 0 rg BT 501.03 212.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 524.03 212.10 Td (related ) Tj ET Q q 0 0 0 rg BT 554.22 212.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 72.50 200.10 Td (company ) Tj ET Q q 0 0 0 rg BT 111.66 200.10 Td (performance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 182.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 77.66 182.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 99.66 182.10 Td (used ) Tj ET Q q 0 0 0 rg BT 122.21 182.10 Td (in ) Tj ET Q q 0 0 0 rg BT 134.21 182.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 175.10 182.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 215.43 182.10 Td (from ) Tj ET Q q 0 0 0 rg BT 239.09 182.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 286.09 182.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 331.97 182.10 Td (for ) Tj ET Q q 0 0 0 rg BT 347.85 182.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.29 182.10 Td (year ) Tj ET Q q 0 0 0 rg BT 385.73 182.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.83 182.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 474.14 182.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.14 182.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.36 182.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.77 182.10 Td (d ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.00 182.10 Td ($194 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 170.10 Td (from ) Tj ET Q q 0 0 0 rg BT 102.93 170.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.24 170.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 138.77 170.10 Td (year ) Tj ET Q q 0 0 0 rg BT 158.08 170.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 188.07 170.10 Td (The ) Tj ET Q q 0 0 0 rg BT 205.71 170.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.02 170.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.44 170.10 Td ( ) Tj ET Q q 0 0 0 rg BT 256.53 170.10 Td (was ) Tj ET Q q 0 0 0 rg BT 274.18 170.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 313.49 170.10 Td (due ) Tj ET Q q 0 0 0 rg BT 330.03 170.10 Td (to ) Tj ET Q q 0 0 0 rg BT 339.90 170.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 377.53 170.10 Td (received ) Tj ET Q q 0 0 0 rg BT 413.49 170.10 Td (from ) Tj ET Q q 0 0 0 rg BT 435.03 170.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.34 170.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 466.98 170.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.41 170.10 Td (our ) Tj ET Q q 0 0 0 rg BT 492.83 170.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 528.26 170.10 Td (in ) Tj ET Q q 0 0 0 rg BT 538.13 170.10 Td (China ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 158.10 Td ($105 ) Tj ET Q q 0 0 0 rg BT 83.33 158.10 Td (million ) Tj ET Q q 0 0 0 rg BT 114.72 158.10 Td (in ) Tj ET Q q 0 0 0 rg BT 125.00 158.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 150.00 158.10 Td (as ) Tj ET Q q 0 0 0 rg BT 160.83 158.10 Td (well ) Tj ET Q q 0 0 0 rg BT 180.55 158.10 Td (as ) Tj ET Q q 0 0 0 rg BT 191.38 158.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 225.52 158.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 271.90 158.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 304.39 158.10 Td (by ) Tj ET Q q 0 0 0 rg BT 316.89 158.10 Td ($63 ) Tj ET Q q 0 0 0 rg BT 334.39 158.10 Td (million ) Tj ET Q q 0 0 0 rg BT 365.79 158.10 Td (as ) Tj ET Q q 0 0 0 rg BT 376.62 158.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 418.54 158.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.82 158.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.54 158.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 465.47 158.10 Td (year) Tj ET Q q 0 0 0 rg BT 482.13 158.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 140.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 76.41 140.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 97.15 140.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 135.67 140.10 Td (by ) Tj ET Q q 0 0 0 rg BT 148.64 140.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 189.37 140.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 228.44 140.10 Td (from ) Tj ET Q q 0 0 0 rg BT 250.85 140.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 296.60 140.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 341.22 140.10 Td (for ) Tj ET Q q 0 0 0 rg BT 355.86 140.10 Td (theyear ) Tj ET Q q 0 0 0 rg BT 390.75 140.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.60 140.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 476.65 140.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 140.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.63 140.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.04 140.10 Td (d ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.01 140.10 Td ($248 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 128.10 Td ( ) Tj ET Q q 0 0 0 rg BT 80.67 128.10 Td (from ) Tj ET Q q 0 0 0 rg BT 101.88 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.87 128.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 137.08 128.10 Td (year ) Tj ET Q q 0 0 0 rg BT 156.06 128.10 Td (period ) Tj ET Q q 0 0 0 rg BT 183.38 128.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 222.37 128.10 Td (due ) Tj ET Q q 0 0 0 rg BT 238.58 128.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.13 128.10 Td (a ) Tj ET Q q 0 0 0 rg BT 254.35 128.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 293.88 128.10 Td (in ) Tj ET Q q 0 0 0 rg BT 303.44 128.10 Td (net ) Tj ET Q q 0 0 0 rg BT 317.43 128.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 341.96 128.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 389.29 128.10 Td (under ) Tj ET Q q 0 0 0 rg BT 413.83 128.10 Td (our ) Tj ET Q q 0 0 0 rg BT 428.94 128.10 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 472.38 128.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 499.14 128.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 531.47 128.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.10 Td ($208 ) Tj ET Q q 0 0 0 rg BT 72.57 116.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.46 116.10 Td (, ) Tj ET Q q 0 0 0 rg BT 106.52 116.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.53 116.10 Td (a ) Tj ET Q q 0 0 0 rg BT 130.53 116.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 170.86 116.10 Td (in ) Tj ET Q q 0 0 0 rg BT 181.21 116.10 Td (net ) Tj ET Q q 0 0 0 rg BT 195.99 116.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 234.09 116.10 Td (from ) Tj ET Q q 0 0 0 rg BT 256.10 116.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 298.10 116.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 317.88 116.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 366.00 116.10 Td (totaling ) Tj ET Q q 0 0 0 rg BT 399.11 116.10 Td ($97 ) Tj ET Q q 0 0 0 rg BT 416.68 116.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 450.64 116.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 486.52 116.10 Td (of) Tj ET Q q 0 0 0 rg BT 494.67 116.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 511.68 116.10 Td (by ) Tj ET Q q 0 0 0 rg BT 524.24 116.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 104.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 98.05 104.10 Td (under ) Tj ET Q q 0 0 0 rg BT 123.32 104.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 153.60 104.10 Td (project ) Tj ET Q q 0 0 0 rg BT 183.86 104.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 224.13 104.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.96 104.10 Td ($73 ) Tj ET Q q 0 0 0 rg BT 252.46 104.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.35 104.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.85 104.10 Td (as ) Tj ET Q q 0 0 0 rg BT 294.68 104.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 336.60 104.10 Td (to ) Tj ET Q q 0 0 0 rg BT 346.88 104.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.60 104.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 383.54 104.10 Td (year) Tj ET Q q 0 0 0 rg BT 400.19 104.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 86.10 Td (Y) Tj ET Q q 0 0 0 rg BT 64.00 86.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 79.83 86.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 109.00 86.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 168.15 86.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 190.65 86.10 Td (vs. ) Tj ET Q q 0 0 0 rg BT 203.79 86.10 Td (Y) Tj ET Q q 0 0 0 rg BT 208.79 86.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 224.63 86.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 253.79 86.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 312.94 86.10 Td (2014 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 68.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 76.69 68.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 97.72 68.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 136.52 68.10 Td (by ) Tj ET Q q 0 0 0 rg BT 149.77 68.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 190.79 68.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 230.14 68.10 Td (from ) Tj ET Q q 0 0 0 rg BT 252.84 68.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 298.86 68.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 343.77 68.10 Td (for ) Tj ET Q q 0 0 0 rg BT 358.69 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.16 68.10 Td (year ) Tj ET Q q 0 0 0 rg BT 394.62 68.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.75 68.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 481.09 68.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.09 68.10 Td ( ) Tj ET Q q 0 0 0 rg BT 504.34 68.10 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.01 68.10 Td ($91 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 56.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 56.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.16 56.10 Td (from ) Tj ET Q q 0 0 0 rg BT 102.87 56.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.36 56.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 139.07 56.10 Td (year ) Tj ET Q q 0 0 0 rg BT 158.54 56.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 188.70 56.10 Td (The ) Tj ET Q q 0 0 0 rg BT 206.52 56.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 243.20 56.10 Td (was ) Tj ET Q q 0 0 0 rg BT 261.02 56.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 300.50 56.10 Td (due ) Tj ET Q q 0 0 0 rg BT 317.21 56.10 Td (to ) Tj ET Q q 0 0 0 rg BT 327.26 56.10 Td (a ) Tj ET Q q 0 0 0 rg BT 333.97 56.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 370.66 56.10 Td (in ) Tj ET Q q 0 0 0 rg BT 380.71 56.10 Td (working ) Tj ET Q q 0 0 0 rg BT 416.31 56.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 445.23 56.10 Td (coupled ) Tj ET Q q 0 0 0 rg BT 479.15 56.10 Td (with ) Tj ET Q q 0 0 0 rg BT 499.20 56.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 524.24 56.10 Td (operating ) Tj ET Q endstream endobj 99 0 obj <>] /Rotate 0 /Contents 100 0 R>> endobj 100 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (results, ) Tj ET Q q 0 0 0 rg BT 80.29 742.10 Td (including ) Tj ET Q q 0 0 0 rg BT 119.74 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.63 742.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 170.31 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.32 742.10 Td (service ) Tj ET Q q 0 0 0 rg BT 210.31 742.10 Td (concession ) Tj ET Q q 0 0 0 rg BT 255.87 742.10 Td (guidance, ) Tj ET Q q 0 0 0 rg BT 296.14 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 322.26 742.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 355.59 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 365.05 742.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.17 742.10 Td ($31 ) Tj ET Q q 0 0 0 rg BT 387.84 742.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.74 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 418.41 742.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 452.85 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 462.30 742.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 483.98 742.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 523.42 742.10 Td (expenses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.83 730.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 82.76 730.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 108.85 730.10 Td (such ) Tj ET Q q 0 0 0 rg BT 129.68 730.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 166.06 730.10 Td (would ) Tj ET Q q 0 0 0 rg BT 193.55 730.10 Td (have ) Tj ET Q q 0 0 0 rg BT 214.93 730.10 Td (been ) Tj ET Q q 0 0 0 rg BT 236.30 730.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 276.56 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 287.38 730.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 326.54 730.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 367.64 730.10 Td (For ) Tj ET Q q 0 0 0 rg BT 384.02 730.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 426.51 730.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 478.72 730.10 Td (seeItem ) Tj ET Q q 0 0 0 rg BT 514.80 730.10 Td (8. ) Tj ET Q q 0 0 0 rg BT 524.80 730.10 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 95.09 718.10 Td (And ) Tj ET Q q 0 0 0 rg BT 113.87 718.10 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 175.96 718.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 225.28 718.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 236.83 718.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 257.27 718.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 266.32 718.10 Td (Or) Tj ET Q q 0 0 0 rg BT 277.06 718.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 320.84 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.40 718.10 Td (Summary ) Tj ET Q q 0 0 0 rg BT 376.72 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.05 718.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 430.82 718.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 477.92 718.10 Td (Policies ) Tj ET Q q 0 0 0 rg BT 511.68 718.10 Td (- ) Tj ET Q q 0 0 0 rg BT 516.45 718.10 Td (Accounting ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.63 706.10 Td (onouncements ) Tj ET Q q 0 0 0 rg BT 119.34 706.10 Td (Recently ) Tj ET Q q 0 0 0 rg BT 156.07 706.10 Td (Adopted.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 688.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 77.77 688.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 99.86 688.10 Td (used ) Tj ET Q q 0 0 0 rg BT 122.52 688.10 Td (in ) Tj ET Q q 0 0 0 rg BT 134.63 688.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 175.62 688.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 216.05 688.10 Td (from ) Tj ET Q q 0 0 0 rg BT 239.82 688.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 286.92 688.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 332.90 688.10 Td (for ) Tj ET Q q 0 0 0 rg BT 348.89 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.44 688.10 Td (year ) Tj ET Q q 0 0 0 rg BT 386.97 688.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.18 688.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 475.59 688.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.59 688.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.92 688.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.00 688.10 Td ($216 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 676.10 Td (from ) Tj ET Q q 0 0 0 rg BT 103.24 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.87 676.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 139.73 676.10 Td (year ) Tj ET Q q 0 0 0 rg BT 159.35 676.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 189.63 676.10 Td (The ) Tj ET Q q 0 0 0 rg BT 207.59 676.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 242.76 676.10 Td (was ) Tj ET Q q 0 0 0 rg BT 260.73 676.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 300.35 676.10 Td (due ) Tj ET Q q 0 0 0 rg BT 317.20 676.10 Td (to ) Tj ET Q q 0 0 0 rg BT 327.40 676.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 355.36 676.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 384.42 676.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 430.71 676.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.46 676.10 Td ($160 ) Tj ET Q q 0 0 0 rg BT 463.87 676.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.76 676.10 Td ( ) Tj ET Q q 0 0 0 rg BT 495.18 676.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 534.80 676.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.71 664.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 111.08 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.35 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.50 664.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 165.22 664.10 Td (EfW) Tj ET Q q 0 0 0 rg BT 183.91 664.10 Td ( ) Tj ET Q q 0 0 0 rg BT 185.85 664.10 Td (facility) Tj ET Q q 0 0 0 rg BT 213.52 664.10 Td (, ) Tj ET Q q 0 0 0 rg BT 217.96 664.10 Td (of) Tj ET Q q 0 0 0 rg BT 226.11 664.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 242.48 664.10 Td (by ) Tj ET Q q 0 0 0 rg BT 254.42 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.57 664.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 297.72 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.98 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.14 664.10 Td (change ) Tj ET Q q 0 0 0 rg BT 352.39 664.10 Td (due ) Tj ET Q q 0 0 0 rg BT 368.76 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 378.48 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.63 664.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 429.56 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.83 664.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 485.63 664.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 523.66 664.10 Td (discussed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (above ) Tj ET Q q 0 0 0 rg BT 76.33 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 93.22 652.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.11 652.10 Td ($59 ) Tj ET Q q 0 0 0 rg BT 117.57 652.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.46 652.10 Td ( ) Tj ET Q q 0 0 0 rg BT 148.91 652.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 184.12 652.10 Td (from ) Tj ET Q q 0 0 0 rg BT 206.01 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.68 652.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 267.02 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.80 652.10 Td (four ) Tj ET Q q 0 0 0 rg BT 296.92 652.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 357.13 652.10 Td (services ) Tj ET Q q 0 0 0 rg BT 391.79 652.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 436.46 652.10 Td (in ) Tj ET Q q 0 0 0 rg BT 446.70 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.37 652.10 Td (current ) Tj ET Q q 0 0 0 rg BT 492.14 652.10 Td (year ) Tj ET Q q 0 0 0 rg BT 511.80 652.10 Td (as ) Tj ET Q q 0 0 0 rg BT 522.58 652.10 Td (compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 640.10 Td (one ) Tj ET Q q 0 0 0 rg BT 77.22 640.10 Td (in ) Tj ET Q q 0 0 0 rg BT 87.50 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.21 640.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 124.15 640.10 Td (year) Tj ET Q q 0 0 0 rg BT 140.81 640.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 622.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 76.52 622.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 97.37 622.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 136.00 622.10 Td (by ) Tj ET Q q 0 0 0 rg BT 149.08 622.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 189.92 622.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 229.10 622.10 Td (from ) Tj ET Q q 0 0 0 rg BT 251.62 622.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 297.48 622.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 342.21 622.10 Td (for ) Tj ET Q q 0 0 0 rg BT 356.95 622.10 Td (theyear ) Tj ET Q q 0 0 0 rg BT 391.96 622.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.92 622.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 478.08 622.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.08 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 501.16 622.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.00 622.10 Td ($418 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 80.51 610.10 Td (from ) Tj ET Q q 0 0 0 rg BT 101.57 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.41 610.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 136.47 610.10 Td (year ) Tj ET Q q 0 0 0 rg BT 155.29 610.10 Td (period ) Tj ET Q q 0 0 0 rg BT 182.46 610.10 Td (due ) Tj ET Q q 0 0 0 rg BT 198.52 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.92 610.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 247.29 610.10 Td (net ) Tj ET Q q 0 0 0 rg BT 261.13 610.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 308.30 610.10 Td (under ) Tj ET Q q 0 0 0 rg BT 332.69 610.10 Td (our ) Tj ET Q q 0 0 0 rg BT 347.64 610.10 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 390.92 610.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 417.54 610.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 449.71 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 459.66 610.10 Td ($168 ) Tj ET Q q 0 0 0 rg BT 481.28 610.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 514.29 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.13 610.10 Td (issuance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.38 598.10 Td (New ) Tj ET Q q 0 0 0 rg BT 81.31 598.10 Td (Jersey ) Tj ET Q q 0 0 0 rg BT 108.35 598.10 Td (Series ) Tj ET Q q 0 0 0 rg BT 134.83 598.10 Td (tax-exempt ) Tj ET Q q 0 0 0 rg BT 181.86 598.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 207.80 598.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.18 598.10 Td ($90 ) Tj ET Q q 0 0 0 rg BT 235.23 598.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.12 598.10 Td (, ) Tj ET Q q 0 0 0 rg BT 268.67 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.16 598.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 332.76 598.10 Td (under ) Tj ET Q q 0 0 0 rg BT 357.57 598.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 387.40 598.10 Td (EfW) Tj ET Q q 0 0 0 rg BT 406.10 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 408.14 598.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 438.51 598.10 Td (project ) Tj ET Q q 0 0 0 rg BT 468.33 598.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 508.14 598.10 Td (arrangements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.13 586.10 Td ($148 ) Tj ET Q q 0 0 0 rg BT 105.70 586.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.59 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 137.17 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.18 586.10 Td (a ) Tj ET Q q 0 0 0 rg BT 161.19 586.10 Td (net ) Tj ET Q q 0 0 0 rg BT 175.99 586.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 212.97 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 223.33 586.10 Td (repayment ) Tj ET Q q 0 0 0 rg BT 268.10 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 279.01 586.10 Td (other ) Tj ET Q q 0 0 0 rg BT 302.13 586.10 Td (long ) Tj ET Q q 0 0 0 rg BT 322.48 586.10 Td (term ) Tj ET Q q 0 0 0 rg BT 343.38 586.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 363.17 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.08 586.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.41 586.10 Td ($150 ) Tj ET Q q 0 0 0 rg BT 456.99 586.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.88 586.10 Td (, ) Tj ET Q q 0 0 0 rg BT 490.95 586.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 526.85 586.10 Td (of) Tj ET Q q 0 0 0 rg BT 535.00 586.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 552.01 586.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.65 574.10 Td ($48 ) Tj ET Q q 0 0 0 rg BT 73.86 574.10 Td (million ) Tj ET Q q 0 0 0 rg BT 104.96 574.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 141.58 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.56 574.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 189.31 574.10 Td (from ) Tj ET Q q 0 0 0 rg BT 210.96 574.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 239.82 574.10 Td (leases, ) Tj ET Q q 0 0 0 rg BT 268.40 574.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.05 574.10 Td ($33 ) Tj ET Q q 0 0 0 rg BT 292.26 574.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.15 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 323.36 574.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 358.32 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 368.31 574.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 388.28 574.10 Td (used ) Tj ET Q q 0 0 0 rg BT 408.82 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 418.81 574.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 443.22 574.10 Td (project ) Tj ET Q q 0 0 0 rg BT 473.20 574.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 492.62 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 509.27 574.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.92 574.10 Td ($62 ) Tj ET Q q 0 0 0 rg BT 533.12 574.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 85.25 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 95.53 562.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 115.80 562.10 Td (used ) Tj ET Q q 0 0 0 rg BT 136.63 562.10 Td (for ) Tj ET Q q 0 0 0 rg BT 150.79 562.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 171.06 562.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 212.45 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.38 562.10 Td (common ) Tj ET Q q 0 0 0 rg BT 266.88 562.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 290.49 562.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 340.19 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 350.46 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.18 562.10 Td (current ) Tj ET Q q 0 0 0 rg BT 396.00 562.10 Td (year) Tj ET Q q 0 0 0 rg BT 412.65 562.10 Td (.) 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 50 524.53505859375 m 400.380859375 524.53505859375 l s q 0 0 0 rg BT 50.00 526.10 Td (Supplementary Financial Information Fr) Tj ET Q q 0 0 0 rg BT 238.15 526.10 Td (ee Cash Flow \(Non-GAAP) Tj ET Q q 0 0 0 rg BT 349.54 526.10 Td (Discussion\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 508.10 Td (T) Tj ET Q q 0 0 0 rg BT 64.41 508.10 Td (o ) Tj ET Q q 0 0 0 rg BT 72.07 508.10 Td (supplement ) Tj ET Q q 0 0 0 rg BT 120.83 508.10 Td (our ) Tj ET Q q 0 0 0 rg BT 136.82 508.10 Td (results ) Tj ET Q q 0 0 0 rg BT 165.59 508.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 203.22 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 213.66 508.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 261.28 508.10 Td (with ) Tj ET Q q 0 0 0 rg BT 281.71 508.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 307.83 508.10 Td (, ) Tj ET Q q 0 0 0 rg BT 312.99 508.10 Td (we ) Tj ET Q q 0 0 0 rg BT 327.31 508.10 Td (use ) Tj ET Q q 0 0 0 rg BT 343.30 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.17 508.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 394.15 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.14 508.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 425.56 508.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 448.22 508.10 Td (Flow) Tj ET Q q 0 0 0 rg BT 468.14 508.10 Td (, ) Tj ET Q q 0 0 0 rg BT 473.29 508.10 Td (which ) Tj ET Q q 0 0 0 rg BT 500.39 508.10 Td (is ) Tj ET Q q 0 0 0 rg BT 509.72 508.10 Td (a ) Tj ET Q q 0 0 0 rg BT 516.82 508.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 562.00 508.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 86.05 496.10 Td (as ) Tj ET Q q 0 0 0 rg BT 97.11 496.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 129.83 496.10 Td (by ) Tj ET Q q 0 0 0 rg BT 142.56 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.51 496.10 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 180.88 496.10 Td (This ) Tj ET Q q 0 0 0 rg BT 201.39 496.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 246.58 496.10 Td ( ) Tj ET Q q 0 0 0 rg BT 249.31 496.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 287.02 496.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 323.07 496.10 Td (is ) Tj ET Q q 0 0 0 rg BT 332.47 496.10 Td (not ) Tj ET Q q 0 0 0 rg BT 347.98 496.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 385.15 496.10 Td (as ) Tj ET Q q 0 0 0 rg BT 396.21 496.10 Td (a ) Tj ET Q q 0 0 0 rg BT 403.38 496.10 Td (substitute ) Tj ET Q q 0 0 0 rg BT 444.45 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.62 496.10 Td (should ) Tj ET Q q 0 0 0 rg BT 491.02 496.10 Td (not ) Tj ET Q q 0 0 0 rg BT 506.53 496.10 Td (be ) Tj ET Q q 0 0 0 rg BT 518.70 496.10 Td (considered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.64 484.10 Td (isolation ) Tj ET Q q 0 0 0 rg BT 95.94 484.10 Td (from ) Tj ET Q q 0 0 0 rg BT 117.23 484.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 156.29 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.48 484.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 202.23 484.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 239.06 484.10 Td (in ) Tj ET Q q 0 0 0 rg BT 248.70 484.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 295.52 484.10 Td (with ) Tj ET Q q 0 0 0 rg BT 315.15 484.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 341.27 484.10 Td (. ) Tj ET Q q 0 0 0 rg BT 345.63 484.10 Td (In ) Tj ET Q q 0 0 0 rg BT 355.81 484.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 392.94 484.10 Td (our ) Tj ET Q q 0 0 0 rg BT 408.13 484.10 Td (use ) Tj ET Q q 0 0 0 rg BT 423.32 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.50 484.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 453.13 484.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 474.99 484.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 497.41 484.10 Td (may ) Tj ET Q q 0 0 0 rg BT 516.48 484.10 Td (be ) Tj ET Q q 0 0 0 rg BT 527.77 484.10 Td (dif) Tj ET Q q 0 0 0 rg BT 538.70 484.10 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (from ) Tj ET Q q 0 0 0 rg BT 72.62 472.10 Td (similarly ) Tj ET Q q 0 0 0 rg BT 111.35 472.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 152.85 472.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 198.04 472.10 Td ( ) Tj ET Q q 0 0 0 rg BT 201.22 472.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 241.60 472.10 Td (used ) Tj ET Q q 0 0 0 rg BT 263.11 472.10 Td (by ) Tj ET Q q 0 0 0 rg BT 276.29 472.10 Td (other ) Tj ET Q q 0 0 0 rg BT 300.02 472.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 348.47 472.10 Td (limiting ) Tj ET Q q 0 0 0 rg BT 383.32 472.10 Td (its ) Tj ET Q q 0 0 0 rg BT 395.94 472.10 Td (usefulness ) Tj ET Q q 0 0 0 rg BT 440.78 472.10 Td (for ) Tj ET Q q 0 0 0 rg BT 455.62 472.10 Td (comparison ) Tj ET Q q 0 0 0 rg BT 505.46 472.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 546.46 472.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 101.46 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.38 460.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 132.73 460.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 155.32 460.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 178.47 460.10 Td (is ) Tj ET Q q 0 0 0 rg BT 187.73 460.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 224.75 460.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.12 460.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 270.46 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.26 460.10 Td (usefulness ) Tj ET Q q 0 0 0 rg BT 329.51 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.43 460.10 Td (our ) Tj ET Q q 0 0 0 rg BT 356.35 460.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 393.92 460.10 Td (information ) Tj ET Q q 0 0 0 rg BT 443.72 460.10 Td (by ) Tj ET Q q 0 0 0 rg BT 456.30 460.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 497.78 460.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 537.57 460.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (management ) Tj ET Q q 0 0 0 rg BT 104.78 448.10 Td (internally ) Tj ET Q q 0 0 0 rg BT 146.79 448.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 167.69 448.10 Td (to ) Tj ET Q q 0 0 0 rg BT 179.16 448.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 207.29 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.42 448.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 262.42 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.32 448.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 309.77 448.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 363.98 448.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.00 448.10 Td (its ) Tj ET Q q 0 0 0 rg BT 389.14 448.10 Td (business ) Tj ET Q q 0 0 0 rg BT 426.72 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 444.84 448.10 Td (those ) Tj ET Q q 0 0 0 rg BT 469.64 448.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.66 448.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 518.13 448.10 Td (acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (candidates, ) Tj ET Q q 0 0 0 rg BT 97.20 436.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.14 436.10 Td (highlight ) Tj ET Q q 0 0 0 rg BT 152.75 436.10 Td (trends ) Tj ET Q q 0 0 0 rg BT 179.69 436.10 Td (in ) Tj ET Q q 0 0 0 rg BT 189.97 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.69 436.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 234.95 436.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 418.10 Td (W) Tj ET Q q 0 0 0 rg BT 67.64 418.10 Td (e ) Tj ET Q q 0 0 0 rg BT 74.72 418.10 Td (use ) Tj ET Q q 0 0 0 rg BT 90.70 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.57 418.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 150.75 418.10 Td ( ) Tj ET Q q 0 0 0 rg BT 153.40 418.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 191.03 418.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 226.99 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.97 418.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 258.39 418.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 281.03 418.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 304.24 418.10 Td (as ) Tj ET Q q 0 0 0 rg BT 315.22 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 322.31 418.10 Td (criterion ) Tj ET Q q 0 0 0 rg BT 358.83 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 369.81 418.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 406.35 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 423.43 418.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 502.70 418.10 Td (components ) Tj ET Q q 0 0 0 rg BT 553.67 418.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 90.57 406.10 Td (compensation. ) Tj ET Q q 0 0 0 rg BT 150.30 406.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 169.76 406.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 191.46 406.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 213.71 406.10 Td (is ) Tj ET Q q 0 0 0 rg BT 222.07 406.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 253.75 406.10 Td (as ) Tj ET Q q 0 0 0 rg BT 263.78 406.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 283.24 406.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 303.26 406.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 340.50 406.10 Td (by ) Tj ET Q q 0 0 0 rg BT 352.20 406.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 391.65 406.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 431.94 406.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 473.07 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.98 406.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 506.44 406.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 526.47 406.10 Td (provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (by ) Tj ET Q q 0 0 0 rg BT 61.53 394.10 Td (or ) Tj ET Q q 0 0 0 rg BT 71.40 394.10 Td (used ) Tj ET Q q 0 0 0 rg BT 91.26 394.10 Td (in ) Tj ET Q q 0 0 0 rg BT 100.57 394.10 Td (our ) Tj ET Q q 0 0 0 rg BT 115.43 394.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 155.28 394.10 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 206.53 394.10 Td (less ) Tj ET Q q 0 0 0 rg BT 223.07 394.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 275.13 394.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 303.31 394.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 358.44 394.10 Td (which ) Tj ET Q q 0 0 0 rg BT 384.41 394.10 Td (are ) Tj ET Q q 0 0 0 rg BT 398.15 394.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 426.33 394.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 478.96 394.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 517.71 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 527.02 394.10 Td (maintain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (our ) Tj ET Q q 0 0 0 rg BT 64.93 382.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 98.20 382.10 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 136.62 382.10 Td (W) Tj ET Q q 0 0 0 rg BT 145.26 382.10 Td (e ) Tj ET Q q 0 0 0 rg BT 151.30 382.10 Td (use ) Tj ET Q q 0 0 0 rg BT 166.23 382.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 185.61 382.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 207.21 382.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 229.38 382.10 Td (as ) Tj ET Q q 0 0 0 rg BT 239.31 382.10 Td (a ) Tj ET Q q 0 0 0 rg BT 245.35 382.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 280.27 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.21 382.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 325.70 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.08 382.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 376.67 382.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 412.16 382.10 Td (we ) Tj ET Q q 0 0 0 rg BT 425.42 382.10 Td (can ) Tj ET Q q 0 0 0 rg BT 440.90 382.10 Td (reinvest ) Tj ET Q q 0 0 0 rg BT 474.16 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 483.55 382.10 Td (our ) Tj ET Q q 0 0 0 rg BT 498.48 382.10 Td (core ) Tj ET Q q 0 0 0 rg BT 517.29 382.10 Td (businesses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.33 370.10 Td (as ) Tj ET Q q 0 0 0 rg BT 80.66 370.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 116.54 370.10 Td (available ) Tj ET Q q 0 0 0 rg BT 154.63 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.41 370.10 Td (make ) Tj ET Q q 0 0 0 rg BT 188.06 370.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 240.33 370.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 266.22 370.10 Td (in ) Tj ET Q q 0 0 0 rg BT 275.99 370.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 327.43 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.76 370.10 Td (new ) Tj ET Q q 0 0 0 rg BT 356.41 370.10 Td (projects, ) Tj ET Q q 0 0 0 rg BT 392.57 370.10 Td (make ) Tj ET Q q 0 0 0 rg BT 416.22 370.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 453.76 370.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 494.09 370.10 Td (on ) Tj ET Q q 0 0 0 rg BT 506.08 370.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 527.80 370.10 Td (or ) Tj ET Q q 0 0 0 rg BT 538.13 370.10 Td (return ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.99 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.10 358.10 Td (our ) Tj ET Q q 0 0 0 rg BT 104.77 358.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 157.65 358.10 Td (through ) Tj ET Q q 0 0 0 rg BT 191.09 358.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 232.32 358.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 260.20 358.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 283.65 358.10 Td (repurchases. ) Tj ET Q q 0 0 0 rg BT 335.68 358.10 Td (For ) Tj ET Q q 0 0 0 rg BT 351.91 358.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 394.24 358.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 438.25 358.10 Td (related ) Tj ET Q q 0 0 0 rg BT 467.79 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 477.91 358.10 Td (management) Tj ET Q q 0 0 0 rg BT 531.77 358.10 Td (s ) Tj ET Q q 0 0 0 rg BT 538.00 358.10 Td (use ) Tj ET Q q 0 0 0 rg BT 553.67 358.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 95.19 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.65 346.10 Td (measures, ) Tj ET Q q 0 0 0 rg BT 147.83 346.10 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 167.06 346.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 202.41 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.66 346.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 279.52 346.10 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 345.97 346.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 391.32 346.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 456.48 346.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 497.95 346.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 532.20 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 538.67 346.10 Td (\(Non-) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 75.37 334.10 Td (Discussion\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.09 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 127.59 334.10 Td (above.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 316.10 Td (In ) Tj ET Q q 0 0 0 rg BT 69.48 316.10 Td (order ) Tj ET Q q 0 0 0 rg BT 92.72 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.65 316.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 135.34 316.10 Td (a ) Tj ET Q q 0 0 0 rg BT 141.93 316.10 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 189.62 316.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 211.77 316.10 Td (for ) Tj ET Q q 0 0 0 rg BT 225.57 316.10 Td (comparison, ) Tj ET Q q 0 0 0 rg BT 276.88 316.10 Td (we ) Tj ET Q q 0 0 0 rg BT 290.68 316.10 Td (are ) Tj ET Q q 0 0 0 rg BT 305.04 316.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 346.07 316.10 Td (information ) Tj ET Q q 0 0 0 rg BT 395.43 316.10 Td (with ) Tj ET Q q 0 0 0 rg BT 415.36 316.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 445.82 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.75 316.10 Td (our ) Tj ET Q q 0 0 0 rg BT 471.22 316.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 491.14 316.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 513.29 316.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 536.00 316.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.80 316.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (years ) Tj ET Q q 0 0 0 rg BT 74.03 304.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.83 304.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 159.85 304.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 185.28 304.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 208.21 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.58 304.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.58 304.10 Td (, ) Tj ET Q q 0 0 0 rg BT 251.01 304.10 Td (reconciled ) Tj ET Q q 0 0 0 rg BT 295.58 304.10 Td (for ) Tj ET Q q 0 0 0 rg BT 310.17 304.10 Td (each ) Tj ET Q q 0 0 0 rg BT 331.41 304.10 Td (such ) Tj ET Q q 0 0 0 rg BT 352.67 304.10 Td (period ) Tj ET Q q 0 0 0 rg BT 381.15 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.86 304.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 412.55 304.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 433.81 304.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 472.29 304.10 Td (by ) Tj ET Q q 0 0 0 rg BT 485.22 304.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 525.91 304.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.94 292.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 117.21 292.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 163.87 292.10 Td (which ) Tj ET Q q 0 0 0 rg BT 190.81 292.10 Td (we ) Tj ET Q q 0 0 0 rg BT 204.97 292.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 236.34 292.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.62 292.10 Td (be ) Tj ET Q q 0 0 0 rg BT 258.55 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.27 292.10 Td (most ) Tj ET Q q 0 0 0 rg BT 295.22 292.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 328.26 292.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 377.40 292.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 413.22 292.10 Td (under ) Tj ET Q q 0 0 0 rg BT 438.49 292.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 464.60 292.10 Td (. ) Tj ET Q endstream endobj 101 0 obj <>] /Rotate 0 /Contents 102 0 R>> endobj 102 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 77.05 742.10 Td (following ) Tj ET Q q 0 0 0 rg BT 118.43 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 127.60 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 134.54 742.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 192.02 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.85 742.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 223.12 742.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 245.62 742.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 268.68 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.62 742.10 Td (its ) Tj ET Q q 0 0 0 rg BT 297.56 742.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 331.72 742.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 351.44 742.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 365.05 742.10 Td (millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 689.60 305.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 689.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 689.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 689.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 689.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 689.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 689.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 661.60 305.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 661.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 661.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 661.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 661.60 65.00 -14.00 re f /GS0 gs 0.8 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1 rg /GS0 gs 428.50 571.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 571.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 571.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 536.60 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 536.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 536.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 536.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 536.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 536.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 536.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 506.60 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 506.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 506.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 506.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 506.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 506.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 506.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 471.60 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 471.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 471.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 471.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 471.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 471.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 471.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 441.60 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 441.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 441.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 441.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 441.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 441.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 441.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 411.60 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 411.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 411.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 411.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 411.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 411.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 411.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 381.60 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 381.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 381.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 381.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 381.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 381.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 381.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 351.60 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 351.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 351.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 351.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 351.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 351.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 351.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 301.60 305.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 301.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 301.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 301.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 301.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 301.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 301.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 273.60 305.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 273.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 273.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 273.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 273.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 273.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 273.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 245.60 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 245.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 245.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 245.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 245.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 245.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 245.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 215.60 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 215.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 215.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 215.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 215.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 215.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 215.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 186.60 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 186.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 186.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 186.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 186.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 186.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 186.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 717.6 m 424.5 717.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 717.6 m 428.5 717.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 717.6 m 493.5 717.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 717.6 m 497.5 717.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 717.6 m 562.5 717.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 717.6 m 424.5 717.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 703.6 m 424.5 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 717.6 m 428.5 717.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 717.6 m 493.5 717.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 703.6 m 493.5 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 717.6 m 562.5 717.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 703.6 m 562.5 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 647.6 m 424.5 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 647.6 m 493.5 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 647.6 m 562.5 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 633.6 m 424.5 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 631.6 m 424.5 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 633.6 m 493.5 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 631.6 m 493.5 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 633.6 m 562.5 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 631.6 m 562.5 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 571.6 m 424.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 571.6 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 359.5 556.6 m 424.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 556.6 m 493.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 556.6 m 562.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 506.6 m 424.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 506.6 m 493.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 506.6 m 562.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 491.6 m 424.5 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 491.6 m 493.5 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 491.6 m 562.5 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 336.6 m 424.5 336.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 336.6 m 493.5 336.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 336.6 m 562.5 336.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 321.6 m 424.5 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 321.6 m 493.5 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 321.6 m 562.5 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 215.60000000000002 m 424.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 215.60000000000002 m 493.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 215.60000000000002 m 562.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 215.60000000000002 m 424.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 215.60000000000002 m 493.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 215.60000000000002 m 562.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 171.60000000000002 m 424.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 171.60000000000002 m 493.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 171.60000000000002 m 562.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 158.60000000000002 m 424.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 156.60000000000002 m 424.5 156.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 158.60000000000002 m 493.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 156.60000000000002 m 493.5 156.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 158.60000000000002 m 562.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 156.60000000000002 m 562.5 156.60000000000002 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 722.06 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.55 721.83 Td (Years Ended December 31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 708.06 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 707.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 707.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 707.83 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 680.06 Td (Cash flow provided by operating activities of continuing operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 680.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.50 680.06 Td (282) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 680.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.50 680.06 Td (249) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 680.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.50 680.06 Td (340) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 666.06 Td (Plus: Cash flow used in operating activities from insurance activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 666.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 666.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.50 666.06 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 652.06 Td (Less: Maintenance capital expenditures ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 197.44 656.14 Td (\(a\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 652.06 Td (\(110) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 652.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 652.06 Td (\(102) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 652.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.50 652.06 Td (\(101) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 652.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 637.05 Td (Free Cash Flow) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.00 637.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.50 637.05 Td (172) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.00 637.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 476.50 637.05 Td (147) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.00 637.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.50 637.05 Td (240) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 53 616.6463378906251 m 142.81982421875 616.6463378906251 l s q 0 0 0 rg BT 53.00 618.05 Td (Uses of Free Cash Flow) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 604.06 Td (Investments:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 590.06 Td (Growth investments) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 131.74 594.14 Td ( \(b\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 590.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 590.06 Td (\(253) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 590.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 590.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 590.06 Td (\(346) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 590.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 590.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.50 590.06 Td (\(143) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 590.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 576.06 Td (Other investing activities, net ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 167.22 580.14 Td (\(c\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.50 576.06 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 576.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 576.06 Td (12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 561.06 Td (Total investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 561.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 561.06 Td (\(249) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 561.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 561.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 561.06 Td (\(346) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 561.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 561.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.50 561.06 Td (\(131) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 561.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 541.06 Td (Return of capital to shareholders:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 526.06 Td (Cash dividends paid to shareholders) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 526.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 526.06 Td (\(131) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 526.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 526.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 526.06 Td (\(133) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 526.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 526.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.50 526.06 Td (\(101) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 526.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 511.06 Td (Common stock repurchased) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.00 511.06 Td (\(20) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 511.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 511.06 Td (\(30) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 511.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 511.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 496.06 Td (Total return of capital to shareholders) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 496.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 496.06 Td (\(151) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 496.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 496.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 496.06 Td (\(163) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 496.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 496.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.50 496.06 Td (\(101) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 496.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 476.06 Td (Capital raising activities:) Tj ET Q BT /F1 9.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 467.30 165.68 -8.18 re f /GS0 gs q 0 0 0 rg BT 59.00 461.06 Td (Net proceeds from issuance of corporate debt ) Tj ET Q BT /F1 9.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 224.68 471.38 8.28 -8.18 re f /GS0 gs BT /F1 5.85 Tf ET q 0 0 0 rg BT 224.68 465.14 Td (\(d\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 461.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 461.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 461.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 461.06 Td (98) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 461.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.50 461.06 Td (405) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 446.06 Td (Net proceeds from issuance of project debt ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 215.69 450.14 Td (\(e\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 446.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 446.06 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 446.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 431.06 Td (Net proceeds from Dublin financing) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.50 431.06 Td (159) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 431.06 Td (85) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 431.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 416.06 Td (Net proceeds from equipment financing capital lease ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 251.17 420.14 Td (\(f\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 416.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 416.06 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 416.06 Td (63) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 401.06 Td (Net proceeds from the exercise of options for common stock) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 401.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 401.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 401.06 Td (10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 386.06 Td (Change in restricted funds held in trust) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 386.06 Td (29) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 386.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.50 386.06 Td (\(3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 386.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 371.06 Td (Other financing activities, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.50 371.06 Td (\(6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 371.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 371.06 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.50 371.06 Td (\(3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 371.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 356.06 Td (Deferred financing costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.50 356.06 Td (\(6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 356.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.50 356.06 Td (\(7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 356.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.00 356.06 Td (\(29) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 356.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 341.06 Td (Proceeds from sale of China assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.50 341.06 Td (105) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 341.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 341.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 326.06 Td (Net proceeds from capital raising activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 326.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.50 326.06 Td (281) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 326.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.50 326.06 Td (211) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 326.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.50 326.06 Td (443) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 306.06 Td (Debt repayments:) Tj ET Q BT /F1 9.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 62.00 298.30 237.17 -8.18 re f /GS0 gs q 0 0 0 rg BT 62.00 292.06 Td (Net cash used for scheduled principal payments on corporate debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 292.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.50 292.06 Td (\(4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 292.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 292.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.50 292.06 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 292.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 292.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.50 292.06 Td (\(462) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 292.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 278.06 Td (Payments related to Cash Conversion Option) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 224.23 282.14 Td ( \(g\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 278.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 278.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.00 278.06 Td (\(83) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 278.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 264.06 Td (Proceeds from the settlement of Note Hedge ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 225.20 268.14 Td (\(g\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 264.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 264.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 264.06 Td (83) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 250.06 Td (Net cash used for principal payments on project debt ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 254.19 254.14 Td (\(h\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.00 250.06 Td (\(52) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 250.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 250.06 Td (\(38) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 250.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.00 250.06 Td (\(29) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 250.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 235.06 Td (Payment of equipment financing capital lease) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 227.19 239.14 Td ( \(f\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.50 235.06 Td (\(4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 235.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.50 235.06 Td (\(4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 235.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.50 235.06 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 235.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 220.06 Td (Voluntary prepayment of corporate debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 220.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 220.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.00 220.06 Td (\(95) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 220.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 205.06 Td (Total debt repayments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 205.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.00 205.06 Td (\(60) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 205.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 205.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 205.06 Td (\(43) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 205.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 205.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.50 205.06 Td (\(587) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 205.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 191.06 Td (Borrowing activities - Revolving Credit Facility, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 191.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.50 191.06 Td (\(5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 191.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 191.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.50 191.06 Td (203) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 191.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 191.06 Td (35) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 176.06 Td (Effect of exchange rate changes on cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 176.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 176.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 176.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.50 176.06 Td (\(4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 176.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 176.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.50 176.06 Td (\(5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 176.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 162.06 Td (Net change in cash and cash equivalents from continuing operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 162.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.00 162.06 Td (\(12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 162.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 162.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 162.06 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 162.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.50 162.06 Td (\(106) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 162.06 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.10 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 146.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 68.00 146.10 Td (Purchases ) Tj ET Q q 0 0 0 rg BT 105.64 146.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.79 146.10 Td (property) Tj ET Q q 0 0 0 rg BT 144.70 146.10 Td (, ) Tj ET Q q 0 0 0 rg BT 148.60 146.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 168.25 146.10 Td (and ) Tj ET Q q 0 0 0 rg BT 182.90 146.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 222.54 146.10 Td (are ) Tj ET Q q 0 0 0 rg BT 235.18 146.10 Td (also ) Tj ET Q q 0 0 0 rg BT 251.33 146.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 281.46 146.10 Td (to ) Tj ET Q q 0 0 0 rg BT 290.11 146.10 Td (as ) Tj ET Q q 0 0 0 rg BT 299.26 146.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 324.90 146.10 Td (expenditures. ) Tj ET Q q 0 0 0 rg BT 374.79 146.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 402.44 146.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 450.08 146.10 Td (that ) Tj ET Q q 0 0 0 rg BT 465.22 146.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 500.37 146.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 533.51 146.10 Td (existing ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 135.30 Td (facilities ) Tj ET Q q 0 0 0 rg BT 101.60 135.30 Td (are ) Tj ET Q q 0 0 0 rg BT 115.21 135.30 Td (classified ) Tj ET Q q 0 0 0 rg BT 151.81 135.30 Td (as ) Tj ET Q q 0 0 0 rg BT 161.93 135.30 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 210.02 135.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 236.62 135.30 Td (expenditures. ) Tj ET Q q 0 0 0 rg BT 287.47 135.30 Td (Growth ) Tj ET Q q 0 0 0 rg BT 317.58 135.30 Td (investments ) Tj ET Q q 0 0 0 rg BT 363.20 135.30 Td (include ) Tj ET Q q 0 0 0 rg BT 392.31 135.30 Td (investments ) Tj ET Q q 0 0 0 rg BT 437.92 135.30 Td (in ) Tj ET Q q 0 0 0 rg BT 447.54 135.30 Td (growth ) Tj ET Q q 0 0 0 rg BT 475.65 135.30 Td (opportunities, ) Tj ET Q q 0 0 0 rg BT 528.01 135.30 Td (including ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 124.50 Td (or) Tj ET Q q 0 0 0 rg BT 75.33 124.50 Td (ganic ) Tj ET Q q 0 0 0 rg BT 96.59 124.50 Td (growth ) Tj ET Q q 0 0 0 rg BT 123.85 124.50 Td (initiatives, ) Tj ET Q q 0 0 0 rg BT 163.37 124.50 Td (technology) Tj ET Q q 0 0 0 rg BT 202.77 124.50 Td (, ) Tj ET Q q 0 0 0 rg BT 206.79 124.50 Td (business ) Tj ET Q q 0 0 0 rg BT 239.06 124.50 Td (development, ) Tj ET Q q 0 0 0 rg BT 289.56 124.50 Td (and ) Tj ET Q q 0 0 0 rg BT 304.32 124.50 Td (other ) Tj ET Q q 0 0 0 rg BT 324.58 124.50 Td (similar ) Tj ET Q q 0 0 0 rg BT 351.34 124.50 Td (expenditures. ) Tj ET Q q 0 0 0 rg BT 401.22 124.50 Td (The ) Tj ET Q q 0 0 0 rg BT 416.97 124.50 Td (following ) Tj ET Q q 0 0 0 rg BT 453.74 124.50 Td (table ) Tj ET Q q 0 0 0 rg BT 473.00 124.50 Td (provides ) Tj ET Q q 0 0 0 rg BT 505.76 124.50 Td (the ) Tj ET Q q 0 0 0 rg BT 518.52 124.50 Td (components ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 113.70 Td (of ) Tj ET Q q 0 0 0 rg BT 77.75 113.70 Td (total ) Tj ET Q q 0 0 0 rg BT 95.99 113.70 Td (purchases ) Tj ET Q q 0 0 0 rg BT 133.73 113.70 Td (of ) Tj ET Q q 0 0 0 rg BT 143.48 113.70 Td (property) Tj ET Q q 0 0 0 rg BT 173.38 113.70 Td (, ) Tj ET Q q 0 0 0 rg BT 177.88 113.70 Td (plant ) Tj ET Q q 0 0 0 rg BT 198.13 113.70 Td (and ) Tj ET Q q 0 0 0 rg BT 213.37 113.70 Td (equipment:) Tj ET Q endstream endobj 103 0 obj <>] /Rotate 0 /Contents 104 0 R>> endobj 104 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (51) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 719.50 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 719.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 719.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 719.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 719.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 719.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 719.50 65.00 -15.00 re f 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515.36 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 515.36 Td (\(244) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 515.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 515.36 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 515.36 Td (\(274) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 515.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 515.36 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.50 515.36 Td (\(115) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 515.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 501.36 Td (Investments in connection with the Dublin EfW facility, net of capital) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 492.36 Td (expenditures) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 492.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 492.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.00 492.36 Td (\(14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 492.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 477.36 Td (Other organic growth investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 477.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 477.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.50 477.36 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 477.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 462.36 Td (Acquisitions, net of cash acquired) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.50 462.36 Td (\(9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 462.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 462.36 Td (\(72) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 462.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.00 462.36 Td (\(13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 462.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.00 447.36 Td (Total growth investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 447.36 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 447.36 Td (\(253) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 447.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 447.36 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 447.36 Td (\(346) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 447.36 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 447.36 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.50 447.36 Td (\(143) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 447.36 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 423.60 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 68.00 423.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 90.74 423.60 Td (investing ) Tj ET Q q 0 0 0 rg BT 125.99 423.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 160.73 423.60 Td (include ) Tj ET Q q 0 0 0 rg BT 189.47 423.60 Td (net ) Tj ET Q q 0 0 0 rg BT 202.71 423.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 239.46 423.60 Td (from ) Tj ET Q q 0 0 0 rg BT 259.20 423.60 Td (the ) Tj ET Q q 0 0 0 rg BT 272.45 423.60 Td (purchase/sale ) Tj ET Q q 0 0 0 rg BT 323.17 423.60 Td (of ) Tj ET Q q 0 0 0 rg BT 332.92 423.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 374.66 423.60 Td (securities.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 403.80 Td (\(d\) ) Tj ET Q q 0 0 0 rg BT 68.00 403.80 Td (Excludes ) Tj ET Q q 0 0 0 rg BT 103.24 403.80 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 146.49 403.80 Td (under ) Tj ET Q q 0 0 0 rg BT 169.23 403.80 Td (the ) Tj ET Q q 0 0 0 rg BT 182.47 403.80 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 222.22 403.80 Td (Credit ) Tj ET Q q 0 0 0 rg BT 246.97 403.80 Td (Facility) Tj ET Q q 0 0 0 rg BT 273.88 403.80 Td (. ) Tj ET Q q 0 0 0 rg BT 278.38 403.80 Td (Calculated ) Tj ET Q q 0 0 0 rg BT 319.11 403.80 Td (as ) Tj ET Q q 0 0 0 rg BT 328.86 403.80 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 365.30 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 365.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 365.30 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 365.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 365.30 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 365.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 365.30 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 336.30 305.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 336.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 336.30 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 336.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 336.30 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 336.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 336.30 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 379.3 m 424.5 379.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 379.3 m 428.5 379.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 379.3 m 493.5 379.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 379.3 m 497.5 379.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 379.3 m 562.5 379.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 379.3 m 424.5 379.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 365.3 m 424.5 365.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 379.3 m 428.5 379.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 379.3 m 493.5 379.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 365.3 m 493.5 365.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 379.3 m 562.5 379.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 365.3 m 562.5 365.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 365.3 m 424.5 365.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 365.3 m 493.5 365.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 365.3 m 562.5 365.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 322.3 m 424.5 322.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 322.3 m 493.5 322.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 322.3 m 562.5 322.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 308.3 m 424.5 308.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 306.3 m 424.5 306.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 308.3 m 493.5 308.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 306.3 m 493.5 306.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 308.3 m 562.5 308.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 306.3 m 562.5 306.3 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 383.76 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 408.80 383.75 Td (Years Ended December 31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 369.76 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.50 369.75 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.50 369.75 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 520.50 369.75 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 354.76 Td (Proceeds from borrowings on long-term debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 354.76 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 354.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 354.76 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.50 354.76 Td (294) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 354.76 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.50 354.76 Td (412) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 340.76 Td (Refinanced long-term debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 340.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 340.76 Td (\(195) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 340.76 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 340.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 326.76 Td (Less: Financing costs related to issuance of long-term debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 326.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.50 326.76 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 326.76 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.50 326.76 Td (\(7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 326.76 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 311.76 Td (Net proceeds from issuance of corporate debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 311.76 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 311.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 311.76 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 311.76 Td (98) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 311.76 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.50 311.76 Td (405) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 286.20 Td (\(e\) ) Tj ET Q q 0 0 0 rg BT 62.24 286.20 Td ( ) Tj ET Q q 0 0 0 rg BT 64.49 286.20 Td ( ) Tj ET Q q 0 0 0 rg BT 66.74 286.20 Td (During ) Tj ET Q q 0 0 0 rg BT 94.49 286.20 Td (the ) Tj ET Q q 0 0 0 rg BT 107.73 286.20 Td (third ) Tj ET Q q 0 0 0 rg BT 126.98 286.20 Td (quarter ) Tj ET Q q 0 0 0 rg BT 154.71 286.20 Td (in ) Tj ET Q q 0 0 0 rg BT 163.96 286.20 Td (2014, ) Tj ET Q q 0 0 0 rg BT 186.46 286.20 Td (we ) Tj ET Q q 0 0 0 rg BT 199.21 286.20 Td (received ) Tj ET Q q 0 0 0 rg BT 231.93 286.20 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 266.17 286.20 Td (from ) Tj ET Q q 0 0 0 rg BT 285.91 286.20 Td (a ) Tj ET Q q 0 0 0 rg BT 292.16 286.20 Td (Junior ) Tj ET Q q 0 0 0 rg BT 316.74 286.20 Td (T) Tj ET Q q 0 0 0 rg BT 321.61 286.20 Td (erm ) Tj ET Q q 0 0 0 rg BT 337.85 286.20 Td (Loan ) Tj ET Q q 0 0 0 rg BT 358.60 286.20 Td (related ) Tj ET Q q 0 0 0 rg BT 385.33 286.20 Td (to ) Tj ET Q q 0 0 0 rg BT 394.58 286.20 Td (our ) Tj ET Q q 0 0 0 rg BT 408.83 286.20 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 436.08 286.20 Td (project:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 244.70 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 244.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 244.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 244.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 244.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 244.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 244.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 215.70 305.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 215.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 215.70 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 215.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 215.70 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 215.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 215.70 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 187.70 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 187.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 187.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 187.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 187.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 187.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 187.70 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 258.70000000000005 m 424.5 258.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 258.70000000000005 m 428.5 258.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 258.70000000000005 m 493.5 258.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 258.70000000000005 m 497.5 258.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 258.70000000000005 m 562.5 258.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 258.70000000000005 m 424.5 258.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 244.70000000000005 m 424.5 244.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 258.70000000000005 m 428.5 258.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 258.70000000000005 m 493.5 258.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 244.70000000000005 m 493.5 244.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 258.70000000000005 m 562.5 258.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 244.70000000000005 m 562.5 244.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 244.70000000000005 m 424.5 244.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 244.70000000000005 m 493.5 244.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 244.70000000000005 m 562.5 244.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 172.70000000000005 m 424.5 172.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 172.70000000000005 m 493.5 172.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 172.70000000000005 m 562.5 172.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 158.70000000000005 m 424.5 158.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 156.70000000000005 m 424.5 156.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 158.70000000000005 m 493.5 158.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 156.70000000000005 m 493.5 156.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 158.70000000000005 m 562.5 158.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 156.70000000000005 m 562.5 156.70000000000005 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 263.16 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 408.80 263.15 Td (Years Ended December 31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 249.16 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.50 249.15 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.50 249.15 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 520.50 249.15 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 234.16 Td (Proceeds from borrowings on project debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 234.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 234.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 234.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 234.16 Td (59) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 234.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 234.16 Td (63) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 220.16 Td (Refinanced project debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 220.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 220.16 Td (\(42) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 220.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 220.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 206.16 Td (Change in restricted funds held in trust) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 206.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 206.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 206.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 192.16 Td (Less: Funding into escrow) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.00 192.16 Td (\(63) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 192.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 177.16 Td (Less: Financing cost related to the issuance of project debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 177.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 177.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.50 177.16 Td (\(2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 177.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 162.16 Td (Net proceeds from issuance of project debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 162.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 162.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 162.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 162.16 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 162.16 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 162.16 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 138.40 Td (\(f\) ) Tj ET Q q 0 0 0 rg BT 61.24 138.40 Td ( ) Tj ET Q q 0 0 0 rg BT 63.49 138.40 Td ( ) Tj ET Q q 0 0 0 rg BT 65.74 138.40 Td (During ) Tj ET Q q 0 0 0 rg BT 93.49 138.40 Td (2015 ) Tj ET Q q 0 0 0 rg BT 113.74 138.40 Td (and ) Tj ET Q q 0 0 0 rg BT 128.98 138.40 Td (2014, ) Tj ET Q q 0 0 0 rg BT 151.48 138.40 Td (we ) Tj ET Q q 0 0 0 rg BT 164.23 138.40 Td (financed ) Tj ET Q q 0 0 0 rg BT 197.46 138.40 Td ($15 ) Tj ET Q q 0 0 0 rg BT 213.21 138.40 Td (million ) Tj ET Q q 0 0 0 rg BT 241.46 138.40 Td (and ) Tj ET Q q 0 0 0 rg BT 256.71 138.40 Td ($63 ) Tj ET Q q 0 0 0 rg BT 272.46 138.40 Td (million ) Tj ET Q q 0 0 0 rg BT 300.71 138.40 Td (for ) Tj ET Q q 0 0 0 rg BT 313.45 138.40 Td (equipment ) Tj ET Q q 0 0 0 rg BT 353.69 138.40 Td (related ) Tj ET Q q 0 0 0 rg BT 380.42 138.40 Td (to ) Tj ET Q q 0 0 0 rg BT 389.68 138.40 Td (our ) Tj ET Q q 0 0 0 rg BT 403.92 138.40 Td (New ) Tj ET Q q 0 0 0 rg BT 422.83 138.40 Td (Y) Tj ET Q q 0 0 0 rg BT 428.43 138.40 Td (ork ) Tj ET Q q 0 0 0 rg BT 442.68 138.40 Td (City ) Tj ET Q q 0 0 0 rg BT 460.43 138.40 Td (MTS ) Tj ET Q q 0 0 0 rg BT 481.19 138.40 Td (contract.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 118.60 Td (\(g\) ) Tj ET Q q 0 0 0 rg BT 62.84 118.60 Td ( ) Tj ET Q q 0 0 0 rg BT 65.02 118.60 Td (The ) Tj ET Q q 0 0 0 rg BT 81.36 118.60 Td ($460 ) Tj ET Q q 0 0 0 rg BT 101.71 118.60 Td (million ) Tj ET Q q 0 0 0 rg BT 130.06 118.60 Td (of ) Tj ET Q q 0 0 0 rg BT 139.90 118.60 Td (3.25% ) Tj ET Q q 0 0 0 rg BT 165.50 118.60 Td (Cash ) Tj ET Q q 0 0 0 rg BT 185.84 118.60 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 230.68 118.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 256.53 118.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 279.87 118.60 Td (matured ) Tj ET Q q 0 0 0 rg BT 311.71 118.60 Td (on ) Tj ET Q q 0 0 0 rg BT 323.06 118.60 Td (June ) Tj ET Q q 0 0 0 rg BT 341.90 118.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 351.00 118.60 Td (2014. ) Tj ET Q q 0 0 0 rg BT 373.60 118.60 Td (Upon ) Tj ET Q q 0 0 0 rg BT 395.94 118.60 Td (maturity) Tj ET Q q 0 0 0 rg BT 425.85 118.60 Td (, ) Tj ET Q q 0 0 0 rg BT 430.45 118.60 Td (we ) Tj ET Q q 0 0 0 rg BT 443.29 118.60 Td (were ) Tj ET Q q 0 0 0 rg BT 463.13 118.60 Td (required ) Tj ET Q q 0 0 0 rg BT 495.46 118.60 Td (to ) Tj ET Q q 0 0 0 rg BT 504.80 118.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 520.15 118.60 Td ($83 ) Tj ET Q q 0 0 0 rg BT 535.99 118.60 Td (million ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 107.85 Td (to ) Tj ET Q q 0 0 0 rg BT 77.69 107.85 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 103.88 107.85 Td (the ) Tj ET Q q 0 0 0 rg BT 117.57 107.85 Td (obligation ) Tj ET Q q 0 0 0 rg BT 156.76 107.85 Td (under ) Tj ET Q q 0 0 0 rg BT 179.94 107.85 Td (the ) Tj ET Q q 0 0 0 rg BT 193.63 107.85 Td (Cash ) Tj ET Q q 0 0 0 rg BT 214.32 107.85 Td (Conversion ) Tj ET Q q 0 0 0 rg BT 258.51 107.85 Td (Option ) Tj ET Q q 0 0 0 rg BT 286.20 107.85 Td (in ) Tj ET Q q 0 0 0 rg BT 295.89 107.85 Td (addition ) Tj ET Q q 0 0 0 rg BT 328.08 107.85 Td (to ) Tj ET Q q 0 0 0 rg BT 337.77 107.85 Td (the ) Tj ET Q q 0 0 0 rg BT 351.46 107.85 Td (principal ) Tj ET Q q 0 0 0 rg BT 386.14 107.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 415.83 107.85 Td (of ) Tj ET Q q 0 0 0 rg BT 426.02 107.85 Td (the ) Tj ET Q q 0 0 0 rg BT 439.70 107.85 Td (3.25% ) Tj ET Q q 0 0 0 rg BT 465.64 107.85 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 491.39 107.85 Td (W) Tj ET Q q 0 0 0 rg BT 499.16 107.85 Td (e ) Tj ET Q q 0 0 0 rg BT 505.85 107.85 Td (cash-settled ) Tj ET Q q 0 0 0 rg BT 551.02 107.85 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 97.05 Td (Note ) Tj ET Q q 0 0 0 rg BT 87.74 97.05 Td (Hedge ) Tj ET Q q 0 0 0 rg BT 113.48 97.05 Td (for ) Tj ET Q q 0 0 0 rg BT 126.23 97.05 Td ($83 ) Tj ET Q q 0 0 0 rg BT 141.98 97.05 Td (million ) Tj ET Q q 0 0 0 rg BT 170.23 97.05 Td (ef) Tj ET Q q 0 0 0 rg BT 177.06 97.05 Td (fectively ) Tj ET Q q 0 0 0 rg BT 210.79 97.05 Td (of) Tj ET Q q 0 0 0 rg BT 218.13 97.05 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 247.37 97.05 Td (our ) Tj ET Q q 0 0 0 rg BT 261.62 97.05 Td (liability ) Tj ET Q q 0 0 0 rg BT 291.87 97.05 Td (under ) Tj ET Q q 0 0 0 rg BT 314.61 97.05 Td (the ) Tj ET Q q 0 0 0 rg BT 327.85 97.05 Td (Cash ) Tj ET Q q 0 0 0 rg BT 348.10 97.05 Td (Conversion ) Tj ET Q q 0 0 0 rg BT 391.85 97.05 Td (Option. ) Tj ET Q endstream endobj 105 0 obj <>] /Rotate 0 /Contents 106 0 R>> endobj 106 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (52) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 742.80 Td (\(h\) ) Tj ET Q q 0 0 0 rg BT 62.74 742.80 Td ( ) Tj ET Q q 0 0 0 rg BT 68.00 742.80 Td (Calculated ) Tj ET Q q 0 0 0 rg BT 108.73 742.80 Td (as ) Tj ET Q q 0 0 0 rg BT 118.48 742.80 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 703.30 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 703.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 703.30 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 703.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 703.30 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 703.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 703.30 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 673.30 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 673.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 673.30 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 673.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 673.30 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 673.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 673.30 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 718.3 m 424.5 718.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 718.3 m 428.5 718.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 718.3 m 493.5 718.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 718.3 m 497.5 718.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 718.3 m 562.5 718.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 718.3 m 424.5 718.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 703.3 m 424.5 703.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 718.3 m 428.5 718.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 718.3 m 493.5 718.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 703.3 m 493.5 703.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 718.3 m 562.5 718.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 703.3 m 562.5 703.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 703.3 m 424.5 703.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 703.3 m 493.5 703.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 703.3 m 562.5 703.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 673.3 m 424.5 673.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 659.3 m 424.5 659.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 657.3 m 424.5 657.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 673.3 m 493.5 673.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 659.3 m 493.5 659.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 657.3 m 493.5 657.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 673.3 m 562.5 673.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 659.3 m 562.5 659.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 657.3 m 562.5 657.3 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 722.76 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 408.80 722.75 Td (Years Ended December 31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 707.76 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.50 707.75 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.50 707.75 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 520.50 707.75 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 692.76 Td (Total principal payments on project debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 692.76 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.00 692.76 Td (\(51) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 692.76 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 692.76 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 692.76 Td (\(43) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 692.76 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 692.76 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.00 692.76 Td (\(52) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 692.76 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 677.76 Td (Decrease in related restricted funds held in trust) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.50 677.76 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 677.76 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 677.76 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 677.76 Td (23) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 662.76 Td (Net cash used for principal payments on project debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 662.76 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.00 662.76 Td (\(52) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 662.76 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 662.76 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 662.76 Td (\(38) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 662.76 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 662.76 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.00 662.76 Td (\(29) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 662.76 Td (\)) Tj ET Q BT /F1 10.00 Tf ET 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 50 628.43505859375 m 178.8134765625 628.43505859375 l s q 0 0 0 rg BT 50.00 630.00 Td (A) Tj ET Q q 0 0 0 rg BT 56.48 630.00 Td (vailable Sour) Tj ET Q q 0 0 0 rg BT 112.70 630.00 Td (ces of Liquidity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 612.00 Td (Cash and Cash Equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 594.00 Td (Cash ) Tj ET Q q 0 0 0 rg BT 82.01 594.00 Td (and ) Tj ET Q q 0 0 0 rg BT 99.46 594.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 120.25 594.00 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 168.80 594.00 Td (include ) Tj ET Q q 0 0 0 rg BT 201.25 594.00 Td (all ) Tj ET Q q 0 0 0 rg BT 214.25 594.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 235.04 594.00 Td (balances ) Tj ET Q q 0 0 0 rg BT 272.47 594.00 Td (and ) Tj ET Q q 0 0 0 rg BT 289.92 594.00 Td (highly ) Tj ET Q q 0 0 0 rg BT 318.49 594.00 Td (liquid ) Tj ET Q q 0 0 0 rg BT 344.84 594.00 Td (investments ) Tj ET Q q 0 0 0 rg BT 395.63 594.00 Td (having ) Tj ET Q q 0 0 0 rg BT 425.86 594.00 Td (maturities ) Tj ET Q q 0 0 0 rg BT 468.86 594.00 Td (of ) Tj ET Q q 0 0 0 rg BT 480.20 594.00 Td (three ) Tj ET Q q 0 0 0 rg BT 503.20 594.00 Td (months ) Tj ET Q q 0 0 0 rg BT 535.66 594.00 Td (or ) Tj ET Q q 0 0 0 rg BT 547.00 594.00 Td (less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 582.00 Td (from ) Tj ET Q q 0 0 0 rg BT 72.06 582.00 Td (the ) Tj ET Q q 0 0 0 rg BT 86.90 582.00 Td (date ) Tj ET Q q 0 0 0 rg BT 106.18 582.00 Td (of ) Tj ET Q q 0 0 0 rg BT 117.14 582.00 Td (purchase. ) Tj ET Q q 0 0 0 rg BT 157.61 582.00 Td (These ) Tj ET Q q 0 0 0 rg BT 184.11 582.00 Td (short-term ) Tj ET Q q 0 0 0 rg BT 228.39 582.00 Td (investments ) Tj ET Q q 0 0 0 rg BT 278.79 582.00 Td (are ) Tj ET Q q 0 0 0 rg BT 293.62 582.00 Td (stated ) Tj ET Q q 0 0 0 rg BT 319.57 582.00 Td (at ) Tj ET Q q 0 0 0 rg BT 329.41 582.00 Td (cost, ) Tj ET Q q 0 0 0 rg BT 350.65 582.00 Td (which ) Tj ET Q q 0 0 0 rg BT 377.71 582.00 Td (approximates ) Tj ET Q q 0 0 0 rg BT 434.21 582.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 450.71 582.00 Td (value. ) Tj ET Q q 0 0 0 rg BT 477.49 582.00 Td (Balances ) Tj ET Q q 0 0 0 rg BT 516.20 582.00 Td (held ) Tj ET Q q 0 0 0 rg BT 536.05 582.00 Td (by ) Tj ET Q q 0 0 0 rg BT 548.67 582.00 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 570.00 Td (international ) Tj ET Q q 0 0 0 rg BT 103.04 570.00 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 152.75 570.00 Td (are ) Tj ET Q q 0 0 0 rg BT 167.46 570.00 Td (not ) Tj ET Q q 0 0 0 rg BT 182.74 570.00 Td (generally ) Tj ET Q q 0 0 0 rg BT 222.44 570.00 Td (available ) Tj ET Q q 0 0 0 rg BT 261.03 570.00 Td (for ) Tj ET Q q 0 0 0 rg BT 275.19 570.00 Td (near) Tj ET Q q 0 0 0 rg BT 292.20 570.00 Td (-term ) Tj ET Q q 0 0 0 rg BT 316.35 570.00 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 352.74 570.00 Td (in ) Tj ET Q q 0 0 0 rg BT 363.02 570.00 Td (our ) Tj ET Q q 0 0 0 rg BT 378.85 570.00 Td (domestic ) Tj ET Q q 0 0 0 rg BT 417.46 570.00 Td (operations. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 510.50 324.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 510.50 92.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 510.50 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 510.50 92.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 479.50 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 479.50 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 479.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 479.50 92.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 540.5 m 466.5 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 540.5 m 470.5 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 540.5 m 562.5 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 540.5 m 466.5 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 525.5 m 466.5 525.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 540.5 m 470.5 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 540.5 m 562.5 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 525.5 m 562.5 525.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 479.5 m 466.5 479.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 479.5 m 562.5 479.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 465.5 m 466.5 465.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 463.5 m 466.5 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 465.5 m 562.5 465.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 463.5 m 562.5 463.5 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 430.80 544.95 Td (As of December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.00 529.95 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 507.00 529.95 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 444.85 514.95 Td (\(in millions\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 499.17 Td (Domestic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 499.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 499.17 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.00 499.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 499.17 Td (44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 484.17 Td (International) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 484.17 Td (66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 484.17 Td (50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 469.17 Td (Total Cash and Cash Equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 469.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 469.17 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.00 469.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 469.17 Td (94) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 444.00 Td (Cr) Tj ET Q q 0 0 0 rg BT 61.48 444.00 Td (edit Facilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 429.00 Td ( ) Tj ET Q q 0 0 0 rg BT 63.85 429.00 Td (Ef) Tj ET Q q 0 0 0 rg BT 73.10 429.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 101.75 429.00 Td (April ) Tj ET Q q 0 0 0 rg BT 124.70 429.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 149.05 429.00 Td (we ) Tj ET Q q 0 0 0 rg BT 162.56 429.00 Td (amended ) Tj ET Q q 0 0 0 rg BT 200.50 429.00 Td (and ) Tj ET Q q 0 0 0 rg BT 216.78 429.00 Td (restated ) Tj ET Q q 0 0 0 rg BT 249.72 429.00 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 284.90 429.00 Td (Ener) Tj ET Q q 0 0 0 rg BT 303.59 429.00 Td (gy) Tj ET Q q 0 0 0 rg BT 316.37 429.00 Td (s ) Tj ET Q q 0 0 0 rg BT 322.11 429.00 Td (senior ) Tj ET Q q 0 0 0 rg BT 348.40 429.00 Td (secured ) Tj ET Q q 0 0 0 rg BT 380.78 429.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 405.39 429.00 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 444.17 429.00 Td (which ) Tj ET Q q 0 0 0 rg BT 470.45 429.00 Td (consist ) Tj ET Q q 0 0 0 rg BT 500.08 429.00 Td (of ) Tj ET Q q 0 0 0 rg BT 510.25 429.00 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.54 429.00 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 535.89 429.00 Td (billion) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 417.00 Td (revolving ) Tj ET Q q 0 0 0 rg BT 91.16 417.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 116.77 417.00 Td (facility) Tj ET Q q 0 0 0 rg BT 144.44 417.00 Td (, ) Tj ET Q q 0 0 0 rg BT 149.77 417.00 Td (expiring ) Tj ET Q q 0 0 0 rg BT 185.94 417.00 Td (2019 ) Tj ET Q q 0 0 0 rg BT 208.78 417.00 Td (through ) Tj ET Q q 0 0 0 rg BT 242.72 417.00 Td (2020, ) Tj ET Q q 0 0 0 rg BT 268.06 417.00 Td (\(the ) Tj ET Q q 0 0 0 rg BT 286.45 417.00 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 335.39 417.00 Td (Credit ) Tj ET Q q 0 0 0 rg BT 363.22 417.00 Td (Facility\) ) Tj ET Q q 0 0 0 rg BT 404.38 417.00 Td (and ) Tj ET Q q 0 0 0 rg BT 421.66 417.00 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.94 417.00 Td ($196 ) Tj ET Q q 0 0 0 rg BT 451.77 417.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.67 417.00 Td ( ) Tj ET Q q 0 0 0 rg BT 483.50 417.00 Td (term ) Tj ET Q q 0 0 0 rg BT 504.67 417.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 524.72 417.00 Td (due ) Tj ET Q q 0 0 0 rg BT 542.00 417.00 Td (2020 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 405.00 Td (\(the ) Tj ET Q q 0 0 0 rg BT 67.31 405.00 Td (T) Tj ET Q q 0 0 0 rg BT 77.16 405.00 Td (erm ) Tj ET Q q 0 0 0 rg BT 94.47 405.00 Td (Loan\) ) Tj ET Q q 0 0 0 rg BT 124.55 405.00 Td (\(collectively ) Tj ET Q q 0 0 0 rg BT 176.29 405.00 Td (referred ) Tj ET Q q 0 0 0 rg BT 209.69 405.00 Td (to ) Tj ET Q q 0 0 0 rg BT 219.23 405.00 Td (as ) Tj ET Q q 0 0 0 rg BT 229.33 405.00 Td (the ) Tj ET Q q 0 0 0 rg BT 243.31 405.00 Td ("Credit ) Tj ET Q q 0 0 0 rg BT 274.15 405.00 Td (Facilities"\). ) Tj ET Q q 0 0 0 rg BT 322.49 405.00 Td (For ) Tj ET Q q 0 0 0 rg BT 338.14 405.00 Td (a ) Tj ET Q q 0 0 0 rg BT 344.34 405.00 Td (detailed ) Tj ET Q q 0 0 0 rg BT 377.76 405.00 Td (description ) Tj ET Q q 0 0 0 rg BT 423.96 405.00 Td (of ) Tj ET Q q 0 0 0 rg BT 434.05 405.00 Td (the ) Tj ET Q q 0 0 0 rg BT 448.03 405.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 472.01 405.00 Td (of ) Tj ET Q q 0 0 0 rg BT 482.11 405.00 Td (the ) Tj ET Q q 0 0 0 rg BT 496.09 405.00 Td (Credit ) Tj ET Q q 0 0 0 rg BT 522.85 405.00 Td (Facilities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.00 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.27 393.00 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 95.54 393.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 136.92 393.00 Td (Statements ) Tj ET Q q 0 0 0 rg BT 182.56 393.00 Td (And ) Tj ET Q q 0 0 0 rg BT 201.17 393.00 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 263.66 393.00 Td (Data ) Tj ET Q q 0 0 0 rg BT 297.55 393.00 Td (Note1) Tj ET Q q 0 0 0 rg BT 323.19 393.00 Td (1. ) Tj ET Q q 0 0 0 rg BT 333.19 393.00 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 389.03 393.00 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.47 393.00 Td (.) 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 50 370.43505859375 m 131.6748046875 370.43505859375 l s q 0 0 0 rg BT 50.00 372.00 Td (Consolidated Debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 357.00 Td (The ) Tj ET Q q 0 0 0 rg BT 77.05 357.00 Td (face ) Tj ET Q q 0 0 0 rg BT 96.19 357.00 Td (value ) Tj ET Q q 0 0 0 rg BT 120.35 357.00 Td (of ) Tj ET Q q 0 0 0 rg BT 131.18 357.00 Td (our ) Tj ET Q q 0 0 0 rg BT 147.01 357.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 200.05 357.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 219.77 357.00 Td (is ) Tj ET Q q 0 0 0 rg BT 228.94 357.00 Td (as ) Tj ET Q q 0 0 0 rg BT 239.77 357.00 Td (follows ) Tj ET Q q 0 0 0 rg BT 272.27 357.00 Td (\(in ) Tj ET Q q 0 0 0 rg BT 285.88 357.00 Td (millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 307.50 256.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 307.50 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 307.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 307.50 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 281.50 256.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 281.50 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 281.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 281.50 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 255.50 256.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 255.50 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 255.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 255.50 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 229.50 256.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 229.50 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 229.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 229.50 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 177.50 256.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 177.50 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 177.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 177.50 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 151.50 256.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 151.50 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 151.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 151.50 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 125.50 256.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 125.50 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 125.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 125.50 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 99.50 256.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 99.50 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 99.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 99.50 126.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 333.5 m 431.5 333.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 333.5 m 435.5 333.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 333.5 m 561.5 333.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 320.5 m 431.5 320.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 320.5 m 561.5 320.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 216.5 m 431.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 216.5 m 561.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 203.5 m 431.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 216.5 m 561.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 203.5 m 561.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 112.5 m 431.5 112.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 112.5 m 561.5 112.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 99.5 m 431.5 99.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 99.5 m 561.5 99.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 87.5 m 431.5 87.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 85.5 m 431.5 85.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 87.5 m 561.5 87.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 85.5 m 561.5 85.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 337.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.95 337.73 Td (As of December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 324.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.00 324.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.00 324.73 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 311.23 Td (Corporate Debt:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 298.07 Td (Revolving Credit Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 298.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 298.07 Td (343) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 298.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 298.07 Td (348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 285.07 Td (Term Loan due 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 285.07 Td (196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 285.07 Td (200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 272.07 Td (7.25% Senior Notes due 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 272.07 Td (400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 272.07 Td (400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 259.07 Td (6.375% Senior Notes due 2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 259.07 Td (400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 259.07 Td (400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 246.07 Td (5.875% Senior Notes due 2024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 246.07 Td (400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 246.07 Td (400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 233.07 Td (4.00% - 5.25% Tax-Exempt Bonds due 2024 - 2045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 233.07 Td (464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 233.07 Td (464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 220.07 Td (3.48% - 4.52% Equipment Leases due 2020 - 2027) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 220.07 Td (69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 220.07 Td (73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 207.07 Td (Total corporate debt \(including current portion\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 207.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 207.07 Td (2,272) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 207.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 207.07 Td (2,285) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 181.23 Td (Project Debt:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 168.07 Td (Domestic project debt - service fee facilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 168.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 168.07 Td (78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 168.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 168.07 Td (117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 155.07 Td (Domestic project debt - tip fee facilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 155.07 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 155.07 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 142.07 Td (Union capital lease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 142.07 Td (99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 142.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 129.07 Td (Dublin Senior Term Loan due 2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 129.07 Td (155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 129.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 116.07 Td (Dublin Junior Term Loan due 2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 116.07 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 116.07 Td (57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 103.07 Td (Total project debt \(including current portion\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 103.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 103.07 Td (406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 103.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 103.07 Td (197) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 90.23 Td (Total Debt Outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 90.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 90.07 Td (2,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 90.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 90.07 Td (2,482) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 107 0 obj <>] /Rotate 0 /Contents 108 0 R>> endobj 108 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 742.10 Td (As ) Tj ET Q q 0 0 0 rg BT 72.31 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 82.84 742.10 Td (December ) Tj ET Q q 0 0 0 rg BT 126.12 742.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 140.82 742.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.82 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 165.51 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.93 742.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 222.12 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.64 742.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 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Q q 0 0 0 rg BT 345.83 587.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.84 587.10 Td (table ) Tj ET Q q 0 0 0 rg BT 383.06 587.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 412.22 587.10 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 427.78 587.10 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 458.33 587.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 500.00 587.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 545.91 587.10 Td (And ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 575.10 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 113.28 575.10 Td (Data ) Tj ET Q q 0 0 0 rg BT 147.97 575.10 Td (Note1) Tj ET Q q 0 0 0 rg BT 173.61 575.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 184.41 575.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 241.04 575.10 Td (Debt. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.27 575.10 Td (The ) Tj ET Q q 0 0 0 rg BT 285.11 575.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 305.62 575.10 Td (documentation ) Tj ET Q q 0 0 0 rg BT 368.35 575.10 Td (governing ) Tj ET Q q 0 0 0 rg BT 412.19 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.70 575.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 455.99 575.10 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 495.95 575.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 532.57 575.10 Td (various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 563.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 563.10 Td (firmative ) Tj ET Q q 0 0 0 rg BT 97.02 563.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.25 563.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 150.91 563.10 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 196.18 563.10 Td (as ) Tj ET Q q 0 0 0 rg BT 207.29 563.10 Td (well ) Tj ET Q q 0 0 0 rg BT 227.29 563.10 Td (as ) Tj ET Q q 0 0 0 rg BT 238.41 563.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 276.18 563.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 329.49 563.10 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 374.76 563.10 Td (that ) Tj ET Q q 0 0 0 rg BT 392.54 563.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 414.22 563.10 Td (our ) Tj ET Q q 0 0 0 rg BT 430.33 563.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 458.67 563.10 Td (to ) Tj ET Q q 0 0 0 rg BT 469.24 563.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 500.34 563.10 Td (in ) Tj ET Q q 0 0 0 rg BT 510.90 563.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 540.89 563.10 Td (types ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 551.10 Td (of ) Tj ET Q q 0 0 0 rg BT 62.18 551.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 116.02 551.10 Td (W) Tj ET Q q 0 0 0 rg BT 124.65 551.10 Td (e ) Tj ET Q q 0 0 0 rg BT 132.94 551.10 Td (were ) Tj ET Q q 0 0 0 rg BT 156.22 551.10 Td (in ) Tj ET Q q 0 0 0 rg BT 167.85 551.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 217.79 551.10 Td (with ) Tj ET Q q 0 0 0 rg BT 239.42 551.10 Td (all ) Tj ET Q q 0 0 0 rg BT 253.27 551.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.45 551.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.51 551.10 Td (af) Tj ET Q q 0 0 0 rg BT 289.10 551.10 Td (firmative ) Tj ET Q q 0 0 0 rg BT 329.60 551.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.89 551.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 385.61 551.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 429.45 551.10 Td (under ) Tj ET Q q 0 0 0 rg BT 456.07 551.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.14 551.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 500.98 551.10 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 541.49 551.10 Td (as ) Tj ET Q q 0 0 0 rg BT 553.67 551.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 539.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.58 539.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 539.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 521.10 Td (Dublin Pr) Tj ET Q q 0 0 0 rg BT 92.33 521.10 Td (oject Financing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 503.10 Td (The ) Tj ET Q q 0 0 0 rg BT 78.36 503.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 126.06 503.10 Td (in ) Tj ET Q q 0 0 0 rg BT 137.65 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.68 503.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 185.27 503.10 Td (EfW) Tj ET Q q 0 0 0 rg BT 203.97 503.10 Td ( ) Tj ET Q q 0 0 0 rg BT 207.78 503.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 239.91 503.10 Td (is ) Tj ET Q q 0 0 0 rg BT 250.40 503.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 289.74 503.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.33 503.10 Td (total ) Tj ET Q q 0 0 0 rg BT 322.92 503.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 384.49 503.10 Td (500 ) Tj ET Q q 0 0 0 rg BT 408.31 503.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 443.51 503.10 Td (which ) Tj ET Q q 0 0 0 rg BT 471.76 503.10 Td (will ) Tj ET Q q 0 0 0 rg BT 491.13 503.10 Td (be ) Tj ET Q q 0 0 0 rg BT 504.39 503.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 535.97 503.10 Td (with ) Tj ET Q q 0 0 0 rg BT 557.56 503.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 102.62 491.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.59 491.10 Td (third ) Tj ET Q q 0 0 0 rg BT 135.11 491.10 Td (party ) Tj ET Q q 0 0 0 rg BT 158.29 491.10 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 213.12 491.10 Td (project ) Tj ET Q q 0 0 0 rg BT 243.51 491.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 283.91 491.10 Td (\(375 ) Tj ET Q q 0 0 0 rg BT 309.88 491.10 Td (million\) ) Tj ET Q q 0 0 0 rg BT 344.73 491.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.80 491.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.65 491.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 428.17 491.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.13 491.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 499.52 491.10 Td (125 ) Tj ET Q q 0 0 0 rg BT 522.16 491.10 Td (million ) Tj ET Q q 0 0 0 rg BT 553.68 491.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.10 Td (project ) Tj ET Q q 0 0 0 rg BT 79.44 479.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 106.12 479.10 Td (by ) Tj ET Q q 0 0 0 rg BT 117.80 479.10 Td (our ) Tj ET Q q 0 0 0 rg BT 132.81 479.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 173.27 479.10 Td (, ) Tj ET Q q 0 0 0 rg BT 177.45 479.10 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 212.46 479.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 231.16 479.10 Td (gy) Tj ET Q q 0 0 0 rg BT 240.51 479.10 Td (, ) Tj ET Q q 0 0 0 rg BT 244.69 479.10 Td (which ) Tj ET Q q 0 0 0 rg BT 270.81 479.10 Td (has ) Tj ET Q q 0 0 0 rg BT 285.82 479.10 Td (been ) Tj ET Q q 0 0 0 rg BT 306.38 479.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 326.94 479.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 356.39 479.10 Td (as ) Tj ET Q q 0 0 0 rg BT 366.41 479.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.42 479.10 Td (December ) Tj ET Q q 0 0 0 rg BT 419.18 479.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 433.36 479.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 457.54 479.10 Td (For ) Tj ET Q q 0 0 0 rg BT 473.12 479.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 514.79 479.10 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.10 Td (on ) Tj ET Q q 0 0 0 rg BT 63.22 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.66 467.10 Td (project ) Tj ET Q q 0 0 0 rg BT 109.64 467.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 150.62 467.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 178.56 467.10 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 194.54 467.10 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 225.53 467.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 267.63 467.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 313.95 467.10 Td (And ) Tj ET Q q 0 0 0 rg BT 333.27 467.10 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 396.48 467.10 Td (Data ) Tj ET Q q 0 0 0 rg BT 431.09 467.10 Td (Note1) Tj ET Q q 0 0 0 rg BT 456.73 467.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 467.45 467.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 524.01 467.10 Td (Debt.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.94 467.10 Td ( ) Tj ET Q q 0 0 0 rg BT 548.93 467.10 Td (W) Tj ET Q q 0 0 0 rg BT 557.57 467.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 82.03 455.10 Td (into ) Tj ET Q q 0 0 0 rg BT 100.18 455.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 132.22 455.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 149.81 455.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 172.96 455.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 221.09 455.10 Td (in ) Tj ET Q q 0 0 0 rg BT 231.47 455.10 Td (order ) Tj ET Q q 0 0 0 rg BT 255.17 455.10 Td (to ) Tj ET Q q 0 0 0 rg BT 265.55 455.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 292.03 455.10 Td (our ) Tj ET Q q 0 0 0 rg BT 307.96 455.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 346.66 455.10 Td (to ) Tj ET Q q 0 0 0 rg BT 357.04 455.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 390.18 455.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 424.99 455.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 457.02 455.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 474.61 455.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 524.42 455.10 Td (under ) Tj ET Q q 0 0 0 rg BT 549.79 455.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 81.13 443.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 110.34 443.10 Td (T) Tj ET Q q 0 0 0 rg BT 115.75 443.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 134.65 443.10 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 161.05 443.10 Td (For ) Tj ET Q q 0 0 0 rg BT 178.29 443.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 221.63 443.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 274.69 443.10 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 290.81 443.10 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 321.93 443.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 364.16 443.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 410.59 443.10 Td (And ) Tj ET Q q 0 0 0 rg BT 430.05 443.10 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 493.38 443.10 Td (Data ) Tj ET Q q 0 0 0 rg BT 528.12 443.10 Td (Note13. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 431.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 94.70 431.10 Td (Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.92 431.10 Td (.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.27 299.10 Td ( ) Tj ET Q endstream endobj 109 0 obj <>] /Rotate 0 /Contents 110 0 R>> endobj 110 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (54) 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 50 740.68505859375 m 146.4794921875 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 84.17 742.25 Td (Requir) Tj ET Q q 0 0 0 rg BT 113.99 742.25 Td (ements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 724.25 Td (The ) Tj ET Q q 0 0 0 rg BT 77.85 724.25 Td (following ) Tj ET Q q 0 0 0 rg BT 120.04 724.25 Td (table ) Tj ET Q q 0 0 0 rg BT 142.78 724.25 Td (summarizes 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1 rg /GS0 gs 373.50 401.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 401.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 401.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 401.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 401.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 401.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 371.75 197.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 371.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 371.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 371.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 371.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 371.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 371.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 371.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 371.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 371.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 371.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 341.75 197.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 341.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 341.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 341.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 341.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 341.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 341.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 341.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 341.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 341.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 341.75 59.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 689.75 m 373.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 689.75 m 377.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 689.75 m 436.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 689.75 m 440.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 689.75 m 499.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 689.75 m 503.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 689.75 m 562.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 669.75 m 310.5 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 669.75 m 373.5 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 669.75 m 436.5 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 669.75 m 499.5 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 669.75 m 562.5 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 535.75 m 310.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 535.75 m 373.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 535.75 m 436.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 535.75 m 499.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 535.75 m 562.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 505.75 m 310.5 505.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 505.75 m 373.5 505.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 505.75 m 436.5 505.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 505.75 m 499.5 505.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 505.75 m 562.5 505.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 416.75 m 310.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 416.75 m 373.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 416.75 m 436.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 416.75 m 499.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 416.75 m 562.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 326.75 m 310.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 312.75 m 310.5 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 310.75 m 310.5 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 326.75 m 373.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 312.75 m 373.5 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 310.75 m 373.5 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 326.75 m 436.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 312.75 m 436.5 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 310.75 m 436.5 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 326.75 m 499.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 312.75 m 499.5 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 310.75 m 499.5 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 326.75 m 562.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 312.75 m 562.5 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 310.75 m 562.5 310.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 674.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 271.75 673.98 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.85 693.83 Td (Payments Due by Period) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.50 673.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.05 681.83 Td (2018and) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.50 673.83 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.05 681.83 Td (2020and) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.50 673.83 Td (2021) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.05 681.83 Td (2022and) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.60 673.83 Td (Beyond) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 660.48 Td (RECORDED LIABILITIES:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 646.32 Td (Project debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 645.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.65 645.42 Td (406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 645.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 645.42 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 645.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 645.42 Td (57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.00 645.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 645.42 Td (161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 645.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 645.42 Td (166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 631.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 631.32 Td (erm Loan ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 99.50 635.85 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.65 630.42 Td (196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 630.42 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 630.42 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 630.42 Td (181) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 630.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 615.42 Td (Revolving Credit Facility ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 157.71 619.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.65 615.42 Td (343) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 615.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 615.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 615.42 Td (343) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 615.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 600.42 Td (7.25%Senior Notes ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 135.77 604.95 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.65 600.42 Td (400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 600.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 600.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 600.42 Td (400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 600.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 585.42 Td (6.375%Senior Notes ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 140.77 589.95 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.65 585.42 Td (400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 585.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 585.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 585.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 585.42 Td (400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 570.42 Td (5.875% Senior Notes ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 140.77 574.95 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.65 570.42 Td (400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 570.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 570.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 570.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 570.42 Td (400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 555.42 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 555.42 Td (ax-exempt bonds due 2024-2045 ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 192.27 559.95 Td (\(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.65 555.42 Td (464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 555.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 555.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 555.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 555.42 Td (464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 540.42 Td (Equipment leases ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 125.76 544.95 Td (\(6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 540.42 Td (69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 540.42 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 540.42 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 540.42 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 540.42 Td (44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 525.42 Td (Total debt obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.15 525.42 Td (2,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 525.42 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 525.42 Td (77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 525.42 Td (1,095) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 525.42 Td (1,474) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 510.42 Td (Less: Non-recourse debt ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 153.24 514.95 Td (\(7\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.30 510.47 Td (\(475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.65 510.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.30 510.47 Td (\(27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 510.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.30 510.47 Td (\(67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 510.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.30 510.47 Td (\(171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 510.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 510.47 Td (\(210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 510.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 496.32 Td (Total recourse debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 495.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.15 495.42 Td (2,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 495.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 495.42 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 495.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 495.42 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.00 495.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 495.42 Td (924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 495.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 495.42 Td (1,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 480.42 Td (Dublin Convertible Preferred) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 170.19 484.95 Td ( \(8\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 480.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.65 480.42 Td (117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 480.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 480.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 480.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 480.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.00 480.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 480.42 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 480.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 480.42 Td (107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 465.42 Td (Uncertainty in income tax obligations ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 206.57 469.95 Td (\(9\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 465.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 465.42 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 465.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 465.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 465.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 465.42 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.00 465.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 465.42 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 465.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 465.42 Td (26) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 451.48 Td (OTHER:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 436.42 Td (Interest payments ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 126.31 440.95 Td (\(10\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 436.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.15 436.42 Td (1,304) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 436.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 436.42 Td (149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 436.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 436.42 Td (293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.00 436.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 436.42 Td (215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 436.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 436.42 Td (647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 422.32 Td (Less: Non-recourse interest payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.30 421.47 Td (\(184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.65 421.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.30 421.47 Td (\(20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 421.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.30 421.47 Td (\(34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 421.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.30 421.47 Td (\(31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 421.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 421.47 Td (\(99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 421.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 407.32 Td (Total recourse interest payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 406.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.15 406.42 Td (1,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 406.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 406.42 Td (129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 406.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 406.42 Td (259) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.00 406.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 406.42 Td (184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 406.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 406.42 Td (548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 392.32 Td (Dublin future obligations) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 154.10 396.85 Td ( \(1) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 160.90 396.85 Td (1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 391.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.65 391.42 Td (108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 391.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 391.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 391.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 391.42 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.00 391.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 391.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 391.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 391.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 377.32 Td (Interest related to Dublin future obligations ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 229.06 381.85 Td (\(1) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 234.24 381.85 Td (1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 376.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 376.42 Td (48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 376.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 376.42 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 376.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 376.42 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.00 376.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 376.42 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 376.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 376.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 362.32 Td (Purchase obligations ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 138.54 366.85 Td (\(12\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 361.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 361.42 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 361.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 361.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 361.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 361.42 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.00 361.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 361.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 361.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 361.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 347.32 Td (Operating leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 346.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 346.42 Td (57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 346.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 346.42 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 346.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 346.42 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.00 346.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 346.42 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 346.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 346.42 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 331.42 Td (Retirement plan obligations ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 166.59 335.95 Td (\(13\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 331.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.65 331.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 331.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 331.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 331.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 331.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.00 331.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 331.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 331.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 331.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 317.32 Td (Total obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 316.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.15 316.42 Td (3,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 316.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 316.42 Td (154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 316.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 316.42 Td (358) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.00 316.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 316.42 Td (1,251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 316.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 316.42 Td (1,970) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 300.25 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 286.45 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 68.00 286.45 Td (Interest ) Tj ET Q q 0 0 0 rg BT 98.06 286.45 Td (payments ) Tj ET Q q 0 0 0 rg BT 135.63 286.45 Td (on ) Tj ET Q q 0 0 0 rg BT 147.70 286.45 Td (the ) Tj ET Q q 0 0 0 rg BT 161.54 286.45 Td (T) Tj ET Q q 0 0 0 rg BT 166.41 286.45 Td (erm ) Tj ET Q q 0 0 0 rg BT 183.48 286.45 Td (Loan ) Tj ET Q q 0 0 0 rg BT 205.04 286.45 Td (and ) Tj ET Q q 0 0 0 rg BT 221.11 286.45 Td (letter ) Tj ET Q q 0 0 0 rg BT 242.67 286.45 Td (of ) Tj ET Q q 0 0 0 rg BT 253.24 286.45 Td (credit ) Tj ET Q q 0 0 0 rg BT 276.80 286.45 Td (fees ) Tj ET Q q 0 0 0 rg BT 294.36 286.45 Td (are ) Tj ET Q q 0 0 0 rg BT 308.42 286.45 Td (estimated ) Tj ET Q q 0 0 0 rg BT 345.98 286.45 Td (based ) Tj ET Q q 0 0 0 rg BT 369.55 286.45 Td (on ) Tj ET Q q 0 0 0 rg BT 381.62 286.45 Td (current ) Tj ET Q q 0 0 0 rg BT 410.18 286.45 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 440.25 286.45 Td (rates ) Tj ET Q q 0 0 0 rg BT 460.31 286.45 Td (and ) Tj ET Q q 0 0 0 rg BT 476.38 286.45 Td (are ) Tj ET Q q 0 0 0 rg BT 490.44 286.45 Td (estimated ) Tj ET Q q 0 0 0 rg BT 528.00 286.45 Td (assuming ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 275.65 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 106.24 275.65 Td (principal ) Tj ET Q q 0 0 0 rg BT 140.47 275.65 Td (repayments. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 186.46 275.65 Td (See ) Tj ET Q q 0 0 0 rg BT 201.20 275.65 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 228.44 275.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 265.68 275.65 Td (Statements ) Tj ET Q q 0 0 0 rg BT 306.76 275.65 Td (And ) Tj ET Q q 0 0 0 rg BT 323.51 275.65 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 379.75 275.65 Td (Data ) Tj ET Q q 0 0 0 rg BT 400.00 275.65 Td (Note1) Tj ET Q q 0 0 0 rg BT 433.33 275.65 Td (1. ) Tj ET Q q 0 0 0 rg BT 442.33 275.65 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 492.58 275.65 Td (Debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 510.08 275.65 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 261.85 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 68.00 261.85 Td (Interest ) Tj ET Q q 0 0 0 rg BT 97.09 261.85 Td (on ) Tj ET Q q 0 0 0 rg BT 108.20 261.85 Td (the ) Tj ET Q q 0 0 0 rg BT 121.30 261.85 Td (7.25%Notes ) Tj ET Q q 0 0 0 rg BT 169.90 261.85 Td (is ) Tj ET Q q 0 0 0 rg BT 178.01 261.85 Td (payable ) Tj ET Q q 0 0 0 rg BT 208.10 261.85 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 261.19 261.85 Td (in ) Tj ET Q q 0 0 0 rg BT 270.30 261.85 Td (arrears ) Tj ET Q q 0 0 0 rg BT 296.88 261.85 Td (on ) Tj ET Q q 0 0 0 rg BT 307.99 261.85 Td (June1 ) Tj ET Q q 0 0 0 rg BT 333.34 261.85 Td (and ) Tj ET Q q 0 0 0 rg BT 348.44 261.85 Td (December1 ) Tj ET Q q 0 0 0 rg BT 394.27 261.85 Td (of ) Tj ET Q q 0 0 0 rg BT 403.87 261.85 Td (each ) Tj ET Q q 0 0 0 rg BT 422.46 261.85 Td (year) Tj ET Q q 0 0 0 rg BT 437.59 261.85 Td (, ) Tj ET Q q 0 0 0 rg BT 441.95 261.85 Td (commencing ) Tj ET Q q 0 0 0 rg BT 490.54 261.85 Td (on ) Tj ET Q q 0 0 0 rg BT 501.64 261.85 Td (June1, ) Tj ET Q q 0 0 0 rg BT 529.25 261.85 Td (201) Tj ET Q q 0 0 0 rg BT 542.41 261.85 Td (1 ) Tj ET Q q 0 0 0 rg BT 549.02 261.85 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 251.05 Td (will ) Tj ET Q q 0 0 0 rg BT 85.17 251.05 Td (mature ) Tj ET Q q 0 0 0 rg BT 113.32 251.05 Td (on ) Tj ET Q q 0 0 0 rg BT 125.48 251.05 Td (December1, ) Tj ET Q q 0 0 0 rg BT 174.62 251.05 Td (2020 ) Tj ET Q q 0 0 0 rg BT 195.79 251.05 Td (unless ) Tj ET Q q 0 0 0 rg BT 221.45 251.05 Td (earlier ) Tj ET Q q 0 0 0 rg BT 247.60 251.05 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 285.74 251.05 Td (or ) Tj ET Q q 0 0 0 rg BT 296.40 251.05 Td (repurchased. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.29 251.05 Td (See ) Tj ET Q q 0 0 0 rg BT 360.95 251.05 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 389.10 251.05 Td (Financial ) Tj ET Q q 0 0 0 rg BT 427.26 251.05 Td (Statements ) Tj ET Q q 0 0 0 rg BT 469.19 251.05 Td (And ) Tj ET Q q 0 0 0 rg BT 486.85 251.05 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 544.00 251.05 Td (Data ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.00 240.25 Td (Note1) Tj ET Q q 0 0 0 rg BT 101.33 240.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 110.33 240.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 160.58 240.25 Td (Debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 178.08 240.25 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 226.45 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 68.00 226.45 Td (Interest ) Tj ET Q q 0 0 0 rg BT 97.29 226.45 Td (on ) Tj ET Q q 0 0 0 rg BT 108.59 226.45 Td (the ) Tj ET Q q 0 0 0 rg BT 121.89 226.45 Td (6.375%Notes ) Tj ET Q q 0 0 0 rg BT 175.19 226.45 Td (is ) Tj ET Q q 0 0 0 rg BT 183.50 226.45 Td (payable ) Tj ET Q q 0 0 0 rg BT 213.79 226.45 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 267.07 226.45 Td (in ) Tj ET Q q 0 0 0 rg BT 276.38 226.45 Td (arrears ) Tj ET Q q 0 0 0 rg BT 303.16 226.45 Td (on ) Tj ET Q q 0 0 0 rg BT 313.96 226.45 Td (April1 ) Tj ET Q q 0 0 0 rg BT 342.01 226.45 Td (and ) Tj ET Q q 0 0 0 rg BT 357.31 226.45 Td (October1 ) Tj ET Q q 0 0 0 rg BT 395.35 226.45 Td (of ) Tj ET Q q 0 0 0 rg BT 405.15 226.45 Td (each ) Tj ET Q q 0 0 0 rg BT 423.93 226.45 Td (year) Tj ET Q q 0 0 0 rg BT 439.06 226.45 Td (, ) Tj ET Q q 0 0 0 rg BT 443.61 226.45 Td (commencing ) Tj ET Q q 0 0 0 rg BT 492.40 226.45 Td (on ) Tj ET Q q 0 0 0 rg BT 503.71 226.45 Td (October1, ) Tj ET Q q 0 0 0 rg BT 544.00 226.45 Td (2012 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 215.65 Td (and ) Tj ET Q q 0 0 0 rg BT 83.68 215.65 Td (will ) Tj ET Q q 0 0 0 rg BT 100.36 215.65 Td (mature ) Tj ET Q q 0 0 0 rg BT 128.03 215.65 Td (on ) Tj ET Q q 0 0 0 rg BT 139.72 215.65 Td (October1, ) Tj ET Q q 0 0 0 rg BT 180.38 215.65 Td (2022 ) Tj ET Q q 0 0 0 rg BT 201.07 215.65 Td (unless ) Tj ET Q q 0 0 0 rg BT 226.25 215.65 Td (earlier ) Tj ET Q q 0 0 0 rg BT 251.91 215.65 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 289.57 215.65 Td (or ) Tj ET Q q 0 0 0 rg BT 299.75 215.65 Td (repurchased. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.16 215.65 Td (See ) Tj ET Q q 0 0 0 rg BT 363.33 215.65 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 391.01 215.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 428.68 215.65 Td (Statements ) Tj ET Q q 0 0 0 rg BT 470.17 215.65 Td (And ) Tj ET Q q 0 0 0 rg BT 487.35 215.65 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 544.02 215.65 Td (Data ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.00 204.85 Td (Note1) Tj ET Q q 0 0 0 rg BT 101.33 204.85 Td (1. ) Tj ET Q q 0 0 0 rg BT 110.33 204.85 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 160.58 204.85 Td (Debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 178.08 204.85 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 191.05 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 68.00 191.05 Td (Interest ) Tj ET Q q 0 0 0 rg BT 97.09 191.05 Td (on ) Tj ET Q q 0 0 0 rg BT 108.18 191.05 Td (the ) Tj ET Q q 0 0 0 rg BT 121.28 191.05 Td (5.875%Notes ) Tj ET Q q 0 0 0 rg BT 174.37 191.05 Td (is ) Tj ET Q q 0 0 0 rg BT 182.47 191.05 Td (payable ) Tj ET Q q 0 0 0 rg BT 212.56 191.05 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 265.64 191.05 Td (in ) Tj ET Q q 0 0 0 rg BT 274.74 191.05 Td (arrears ) Tj ET Q q 0 0 0 rg BT 301.31 191.05 Td (on ) Tj ET Q q 0 0 0 rg BT 312.41 191.05 Td (March1 ) Tj ET Q q 0 0 0 rg BT 344.75 191.05 Td (and ) Tj ET Q q 0 0 0 rg BT 359.84 191.05 Td (September1 ) Tj ET Q q 0 0 0 rg BT 407.18 191.05 Td (of ) Tj ET Q q 0 0 0 rg BT 416.78 191.05 Td (each ) Tj ET Q q 0 0 0 rg BT 435.36 191.05 Td (year) Tj ET Q q 0 0 0 rg BT 450.48 191.05 Td (, ) Tj ET Q q 0 0 0 rg BT 454.83 191.05 Td (commencing ) Tj ET Q q 0 0 0 rg BT 503.42 191.05 Td (on ) Tj ET Q q 0 0 0 rg BT 514.52 191.05 Td (September1, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 180.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 88.74 180.25 Td (and ) Tj ET Q q 0 0 0 rg BT 104.48 180.25 Td (will ) Tj ET Q q 0 0 0 rg BT 121.22 180.25 Td (mature ) Tj ET Q q 0 0 0 rg BT 148.95 180.25 Td (on ) Tj ET Q q 0 0 0 rg BT 160.69 180.25 Td (March21, ) Tj ET Q q 0 0 0 rg BT 200.42 180.25 Td (2024 ) Tj ET Q q 0 0 0 rg BT 221.16 180.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 246.40 180.25 Td (earlier ) Tj ET Q q 0 0 0 rg BT 272.12 180.25 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 309.84 180.25 Td (or ) Tj ET Q q 0 0 0 rg BT 320.08 180.25 Td (repurchased. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 368.54 180.25 Td (See ) Tj ET Q q 0 0 0 rg BT 383.77 180.25 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 411.51 180.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 449.24 180.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 490.78 180.25 Td (And ) Tj ET Q q 0 0 0 rg BT 508.02 180.25 Td (Supplementary ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.00 169.45 Td (Data ) Tj ET Q q 0 0 0 rg BT 88.25 169.45 Td (Note1) Tj ET Q q 0 0 0 rg BT 121.58 169.45 Td (1. ) Tj ET Q q 0 0 0 rg BT 130.58 169.45 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 180.83 169.45 Td (Debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 198.33 169.45 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 155.65 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 62.74 155.65 Td ( ) Tj ET Q q 0 0 0 rg BT 68.00 155.65 Td (The ) Tj ET Q q 0 0 0 rg BT 84.44 155.65 Td (tax-exempt ) Tj ET Q q 0 0 0 rg BT 127.37 155.65 Td (bonds ) Tj ET Q q 0 0 0 rg BT 151.32 155.65 Td (bear ) Tj ET Q q 0 0 0 rg BT 169.25 155.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 198.19 155.65 Td (between ) Tj ET Q q 0 0 0 rg BT 230.62 155.65 Td (4% ) Tj ET Q q 0 0 0 rg BT 245.06 155.65 Td (and ) Tj ET Q q 0 0 0 rg BT 260.50 155.65 Td (5.25%. ) Tj ET Q q 0 0 0 rg BT 288.45 155.65 Td (Interest ) Tj ET Q q 0 0 0 rg BT 317.88 155.65 Td (on ) Tj ET Q q 0 0 0 rg BT 329.33 155.65 Td (the ) Tj ET Q q 0 0 0 rg BT 342.77 155.65 Td ($335 ) Tj ET Q q 0 0 0 rg BT 363.22 155.65 Td (million ) Tj ET Q q 0 0 0 rg BT 391.67 155.65 Td (of ) Tj ET Q q 0 0 0 rg BT 401.61 155.65 Td (tax-exempt ) Tj ET Q q 0 0 0 rg BT 444.54 155.65 Td (bonds ) Tj ET Q q 0 0 0 rg BT 468.49 155.65 Td (issued ) Tj ET Q q 0 0 0 rg BT 493.43 155.65 Td (in ) Tj ET Q q 0 0 0 rg BT 502.88 155.65 Td (2012, ) Tj ET Q q 0 0 0 rg BT 525.58 155.65 Td (is ) Tj ET Q q 0 0 0 rg BT 534.03 155.65 Td (payable ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 144.85 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 121.56 144.85 Td (on ) Tj ET Q q 0 0 0 rg BT 133.14 144.85 Td (May ) Tj ET Q q 0 0 0 rg BT 152.22 144.85 Td (1 ) Tj ET Q q 0 0 0 rg BT 159.30 144.85 Td (and ) Tj ET Q q 0 0 0 rg BT 174.87 144.85 Td (November ) Tj ET Q q 0 0 0 rg BT 215.44 144.85 Td (1 ) Tj ET Q q 0 0 0 rg BT 222.51 144.85 Td (of ) Tj ET Q q 0 0 0 rg BT 232.59 144.85 Td (each ) Tj ET Q q 0 0 0 rg BT 251.65 144.85 Td (year) Tj ET Q q 0 0 0 rg BT 266.78 144.85 Td (, ) Tj ET Q q 0 0 0 rg BT 271.61 144.85 Td (commencing ) Tj ET Q q 0 0 0 rg BT 320.67 144.85 Td (on ) Tj ET Q q 0 0 0 rg BT 332.25 144.85 Td (May ) Tj ET Q q 0 0 0 rg BT 351.32 144.85 Td (1, ) Tj ET Q q 0 0 0 rg BT 360.65 144.85 Td (2013. ) Tj ET Q q 0 0 0 rg BT 383.48 144.85 Td (Interest ) Tj ET Q q 0 0 0 rg BT 413.05 144.85 Td (on ) Tj ET Q q 0 0 0 rg BT 424.63 144.85 Td (the ) Tj ET Q q 0 0 0 rg BT 438.20 144.85 Td ($130 ) Tj ET Q q 0 0 0 rg BT 458.78 144.85 Td (million ) Tj ET Q q 0 0 0 rg BT 487.36 144.85 Td (of ) Tj ET Q q 0 0 0 rg BT 497.44 144.85 Td (tax-exempt ) Tj ET Q q 0 0 0 rg BT 540.50 144.85 Td (bonds ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 134.05 Td (issued ) Tj ET Q q 0 0 0 rg BT 92.61 134.05 Td (in ) Tj ET Q q 0 0 0 rg BT 101.72 134.05 Td (2015, ) Tj ET Q q 0 0 0 rg BT 124.08 134.05 Td (is ) Tj ET Q q 0 0 0 rg BT 132.19 134.05 Td (payable ) Tj ET Q q 0 0 0 rg BT 162.28 134.05 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 215.37 134.05 Td (on ) Tj ET Q q 0 0 0 rg BT 226.48 134.05 Td (January ) Tj ET Q q 0 0 0 rg BT 256.58 134.05 Td (1 ) Tj ET Q q 0 0 0 rg BT 263.19 134.05 Td (and ) Tj ET Q q 0 0 0 rg BT 278.29 134.05 Td (July ) Tj ET Q q 0 0 0 rg BT 295.40 134.05 Td (1 ) Tj ET Q q 0 0 0 rg BT 302.01 134.05 Td (of ) Tj ET Q q 0 0 0 rg BT 311.62 134.05 Td (each ) Tj ET Q q 0 0 0 rg BT 330.21 134.05 Td (year) Tj ET Q q 0 0 0 rg BT 345.33 134.05 Td (, ) Tj ET Q q 0 0 0 rg BT 349.69 134.05 Td (commencing ) Tj ET Q q 0 0 0 rg BT 398.29 134.05 Td (on ) Tj ET Q q 0 0 0 rg BT 409.39 134.05 Td (January ) Tj ET Q q 0 0 0 rg BT 439.49 134.05 Td (1, ) Tj ET Q q 0 0 0 rg BT 448.35 134.05 Td (2016. ) Tj ET Q q 0 0 0 rg BT 470.71 134.05 Td (For ) Tj ET Q q 0 0 0 rg BT 485.32 134.05 Td (a ) Tj ET Q q 0 0 0 rg BT 491.42 134.05 Td (detailed ) Tj ET Q q 0 0 0 rg BT 522.02 134.05 Td (description ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 123.25 Td (of ) Tj ET Q q 0 0 0 rg BT 77.75 123.25 Td (the ) Tj ET Q q 0 0 0 rg BT 90.99 123.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 113.24 123.25 Td (of ) Tj ET Q q 0 0 0 rg BT 122.98 123.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.07 123.25 Td (T) Tj ET Q q 0 0 0 rg BT 140.94 123.25 Td (ax-Exempt ) Tj ET Q q 0 0 0 rg BT 182.67 123.25 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 208.67 123.25 Td (see ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 222.42 123.25 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 249.66 123.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 286.90 123.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 327.98 123.25 Td (And ) Tj ET Q q 0 0 0 rg BT 344.73 123.25 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 400.96 123.25 Td (Data ) Tj ET Q q 0 0 0 rg BT 431.47 123.25 Td (Note1) Tj ET Q q 0 0 0 rg BT 454.55 123.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 463.55 123.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 513.80 123.25 Td (Debt.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 109.45 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 68.00 109.45 Td (The ) Tj ET Q q 0 0 0 rg BT 84.24 109.45 Td (original ) Tj ET Q q 0 0 0 rg BT 114.49 109.45 Td (lease ) Tj ET Q q 0 0 0 rg BT 134.72 109.45 Td (terms ) Tj ET Q q 0 0 0 rg BT 156.97 109.45 Td (range ) Tj ET Q q 0 0 0 rg BT 179.20 109.45 Td (from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 198.95 109.45 Td (10 ) Tj ET Q q 0 0 0 rg BT 210.20 109.45 Td (years) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 229.19 109.45 Td ( ) Tj ET Q q 0 0 0 rg BT 231.44 109.45 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 240.69 109.45 Td (12 ) Tj ET Q q 0 0 0 rg BT 251.94 109.45 Td (years) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 270.93 109.45 Td ( ) Tj ET Q q 0 0 0 rg BT 273.18 109.45 Td (and ) Tj ET Q q 0 0 0 rg BT 288.42 109.45 Td (the ) Tj ET Q q 0 0 0 rg BT 301.67 109.45 Td (fixed ) Tj ET Q q 0 0 0 rg BT 322.41 109.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 351.15 109.45 Td (rates ) Tj ET Q q 0 0 0 rg BT 370.39 109.45 Td (range ) Tj ET Q q 0 0 0 rg BT 392.62 109.45 Td (from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.37 109.45 Td (3.48%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.62 109.45 Td ( ) Tj ET Q q 0 0 0 rg BT 437.87 109.45 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.12 109.45 Td (4.52%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.36 109.45 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 95.65 Td (\(7\) ) Tj ET Q q 0 0 0 rg BT 68.00 95.65 Td (Payment ) Tj ET Q q 0 0 0 rg BT 101.72 95.65 Td (obligations ) Tj ET Q q 0 0 0 rg BT 143.95 95.65 Td (for ) Tj ET Q q 0 0 0 rg BT 156.67 95.65 Td (the ) Tj ET Q q 0 0 0 rg BT 169.89 95.65 Td (project ) Tj ET Q q 0 0 0 rg BT 197.10 95.65 Td (debt ) Tj ET Q q 0 0 0 rg BT 214.82 95.65 Td (and ) Tj ET Q q 0 0 0 rg BT 230.04 95.65 Td (equipment ) Tj ET Q q 0 0 0 rg BT 270.26 95.65 Td (leases ) Tj ET Q q 0 0 0 rg BT 293.98 95.65 Td (associated ) Tj ET Q q 0 0 0 rg BT 333.19 95.65 Td (with ) Tj ET Q q 0 0 0 rg BT 351.41 95.65 Td (owned ) Tj ET Q q 0 0 0 rg BT 377.63 95.65 Td (ener) Tj ET Q q 0 0 0 rg BT 392.96 95.65 Td (gy-from-waste ) Tj ET Q q 0 0 0 rg BT 448.16 95.65 Td (facilities ) Tj ET Q q 0 0 0 rg BT 481.38 95.65 Td (are ) Tj ET Q q 0 0 0 rg BT 494.59 95.65 Td (limited ) Tj ET Q q 0 0 0 rg BT 522.31 95.65 Td (recourse ) Tj ET Q q 0 0 0 rg BT 555.02 95.65 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 84.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 104.24 84.85 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 148.98 84.85 Td (and ) Tj ET Q q 0 0 0 rg BT 164.23 84.85 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 213.45 84.85 Td (to ) Tj ET Q q 0 0 0 rg BT 222.71 84.85 Td (us, ) Tj ET Q q 0 0 0 rg BT 235.21 84.85 Td (subject ) Tj ET Q q 0 0 0 rg BT 262.95 84.85 Td (to ) Tj ET Q q 0 0 0 rg BT 272.20 84.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 308.44 84.85 Td (performance ) Tj ET Q q 0 0 0 rg BT 356.16 84.85 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 396.89 84.85 Td (and ) Tj ET Q q 0 0 0 rg BT 412.13 84.85 Td (commitments.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 71.05 Td (\(8\) ) Tj ET Q q 0 0 0 rg BT 68.00 71.05 Td (The ) Tj ET Q q 0 0 0 rg BT 84.12 71.05 Td (Stakeholder ) Tj ET Q q 0 0 0 rg BT 129.23 71.05 Td (Loan ) Tj ET Q q 0 0 0 rg BT 149.84 71.05 Td (accrues ) Tj ET Q q 0 0 0 rg BT 178.94 71.05 Td (dividends ) Tj ET Q q 0 0 0 rg BT 216.07 71.05 Td (at ) Tj ET Q q 0 0 0 rg BT 224.68 71.05 Td (a ) Tj ET Q q 0 0 0 rg BT 230.80 71.05 Td (fixed ) Tj ET Q q 0 0 0 rg BT 251.42 71.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 267.03 71.05 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.65 71.05 Td (13.50%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 304.40 71.05 Td ( ) Tj ET Q q 0 0 0 rg BT 306.52 71.05 Td (per ) Tj ET Q q 0 0 0 rg BT 320.13 71.05 Td (annum. ) Tj ET Q q 0 0 0 rg BT 348.85 71.05 Td (The ) Tj ET Q q 0 0 0 rg BT 364.97 71.05 Td (dividends ) Tj ET Q q 0 0 0 rg BT 402.09 71.05 Td (are ) Tj ET Q q 0 0 0 rg BT 415.20 71.05 Td (payable ) Tj ET Q q 0 0 0 rg BT 445.31 71.05 Td (50% ) Tj ET Q q 0 0 0 rg BT 463.93 71.05 Td (in ) Tj ET Q q 0 0 0 rg BT 473.05 71.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 491.17 71.05 Td (and ) Tj ET Q q 0 0 0 rg BT 506.28 71.05 Td (50% ) Tj ET Q q 0 0 0 rg BT 524.90 71.05 Td (accrued ) Tj ET Q q 0 0 0 rg BT 555.00 71.05 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 60.25 Td (the ) Tj ET Q q 0 0 0 rg BT 81.10 60.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 115.20 60.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 144.78 60.25 Td (on ) Tj ET Q q 0 0 0 rg BT 155.89 60.25 Td (a ) Tj ET Q q 0 0 0 rg BT 161.99 60.25 Td (monthly ) Tj ET Q q 0 0 0 rg BT 194.10 60.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 214.21 60.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 233.81 60.25 Td (to ) Tj ET Q q 0 0 0 rg BT 242.92 60.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.02 60.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 298.61 60.25 Td (commencement ) Tj ET Q q 0 0 0 rg BT 357.69 60.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 377.04 60.25 Td (and ) Tj ET Q q 0 0 0 rg BT 392.14 60.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 422.24 60.25 Td (100% ) Tj ET Q q 0 0 0 rg BT 445.34 60.25 Td (in ) Tj ET Q q 0 0 0 rg BT 454.45 60.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 472.55 60.25 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 525.64 60.25 Td (thereafter) Tj ET Q q 0 0 0 rg BT 559.75 60.25 Td (, ) Tj ET Q endstream endobj 111 0 obj <>] /Rotate 0 /Contents 112 0 R>> endobj 112 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (55) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 742.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 94.81 742.80 Td (to ) Tj ET Q q 0 0 0 rg BT 103.13 742.80 Td (available ) Tj ET Q q 0 0 0 rg BT 136.93 742.80 Td (project ) Tj ET Q q 0 0 0 rg BT 163.23 742.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 180.54 742.80 Td (flows ) Tj ET Q q 0 0 0 rg BT 201.86 742.80 Td (after ) Tj ET Q q 0 0 0 rg BT 219.66 742.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 236.47 742.80 Td (service. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 265.52 742.80 Td (See ) Tj ET Q q 0 0 0 rg BT 279.33 742.80 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 305.64 742.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 341.95 742.80 Td (Statements ) Tj ET Q q 0 0 0 rg BT 382.16 742.80 Td (And ) Tj ET Q q 0 0 0 rg BT 397.98 742.80 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 453.28 742.80 Td (Data ) Tj ET Q q 0 0 0 rg BT 472.60 742.80 Td (Note1) Tj ET Q q 0 0 0 rg BT 505.93 742.80 Td (1. ) Tj ET Q q 0 0 0 rg BT 514.00 742.80 Td (Consolidated ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.00 732.00 Td (Debt ) Tj ET Q q 0 0 0 rg BT 87.74 732.00 Td (- ) Tj ET Q q 0 0 0 rg BT 92.99 732.00 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 120.24 732.00 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 164.98 732.00 Td (Pr) Tj ET Q q 0 0 0 rg BT 173.65 732.00 Td (eferr) Tj ET Q q 0 0 0 rg BT 190.81 732.00 Td (ed.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 718.20 Td (\(9\) ) Tj ET Q q 0 0 0 rg BT 68.00 718.20 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 111.19 718.20 Td (for ) Tj ET Q q 0 0 0 rg BT 122.88 718.20 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 164.56 718.20 Td (in ) Tj ET Q q 0 0 0 rg BT 172.76 718.20 Td (income ) Tj ET Q q 0 0 0 rg BT 200.45 718.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 212.64 718.20 Td (obligations ) Tj ET Q q 0 0 0 rg BT 253.84 718.20 Td (is ) Tj ET Q q 0 0 0 rg BT 261.04 718.20 Td (based ) Tj ET Q q 0 0 0 rg BT 282.73 718.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 301.92 718.20 Td (the ) Tj ET Q q 0 0 0 rg BT 314.12 718.20 Td (expected ) Tj ET Q q 0 0 0 rg BT 347.29 718.20 Td (date ) Tj ET Q q 0 0 0 rg BT 363.48 718.20 Td (of ) Tj ET Q q 0 0 0 rg BT 372.18 718.20 Td (settlement ) Tj ET Q q 0 0 0 rg BT 410.36 718.20 Td (taking ) Tj ET Q q 0 0 0 rg BT 434.06 718.20 Td (into ) Tj ET Q q 0 0 0 rg BT 449.25 718.20 Td (account ) Tj ET Q q 0 0 0 rg BT 478.44 718.20 Td (all ) Tj ET Q q 0 0 0 rg BT 488.63 718.20 Td (of ) Tj ET Q q 0 0 0 rg BT 497.32 718.20 Td (our ) Tj ET Q q 0 0 0 rg BT 510.52 718.20 Td (administrative ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 707.40 Td (rights ) Tj ET Q q 0 0 0 rg BT 90.75 707.40 Td (including ) Tj ET Q q 0 0 0 rg BT 127.00 707.40 Td (possible ) Tj ET Q q 0 0 0 rg BT 158.75 707.40 Td (litigation.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 693.60 Td (\(10\) ) Tj ET Q q 0 0 0 rg BT 68.00 693.60 Td (Interest ) Tj ET Q q 0 0 0 rg BT 97.24 693.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 133.98 693.60 Td (represent ) Tj ET Q q 0 0 0 rg BT 169.21 693.60 Td (accruals ) Tj ET Q q 0 0 0 rg BT 200.94 693.60 Td (for ) Tj ET Q q 0 0 0 rg BT 213.68 693.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 231.92 693.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 260.67 693.60 Td (payments. ) Tj ET Q q 0 0 0 rg BT 299.66 693.60 Td (Excludes ) Tj ET Q q 0 0 0 rg BT 334.90 693.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 363.64 693.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 400.38 693.60 Td (on ) Tj ET Q q 0 0 0 rg BT 411.63 693.60 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 438.88 693.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 464.47 693.60 Td (T) Tj ET Q q 0 0 0 rg BT 469.33 693.60 Td (erm ) Tj ET Q q 0 0 0 rg BT 485.58 693.60 Td (Loan.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 679.80 Td (\(1) Tj ET Q q 0 0 0 rg BT 57.16 679.80 Td (1\) ) Tj ET Q q 0 0 0 rg BT 68.00 679.80 Td (Projected ) Tj ET Q q 0 0 0 rg BT 104.98 679.80 Td (obligations ) Tj ET Q q 0 0 0 rg BT 147.96 679.80 Td (relating ) Tj ET Q q 0 0 0 rg BT 178.44 679.80 Td (to ) Tj ET Q q 0 0 0 rg BT 188.43 679.80 Td (our ) Tj ET Q q 0 0 0 rg BT 203.42 679.80 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 231.41 679.80 Td (Senior ) Tj ET Q q 0 0 0 rg BT 257.68 679.80 Td (T) Tj ET Q q 0 0 0 rg BT 262.55 679.80 Td (erm ) Tj ET Q q 0 0 0 rg BT 279.53 679.80 Td (Loan. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.26 679.80 Td (See ) Tj ET Q q 0 0 0 rg BT 318.74 679.80 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 346.72 679.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 384.70 679.80 Td (Statements ) Tj ET Q q 0 0 0 rg BT 426.47 679.80 Td (And ) Tj ET Q q 0 0 0 rg BT 443.96 679.80 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 500.93 679.80 Td (Data ) Tj ET Q q 0 0 0 rg BT 521.92 679.80 Td (Note1) Tj ET Q q 0 0 0 rg BT 555.25 679.80 Td (1. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.00 669.00 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 118.25 669.00 Td (Debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 135.75 669.00 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 655.20 Td (\(12\) ) Tj ET Q q 0 0 0 rg BT 68.00 655.20 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 102.02 655.20 Td (obligations ) Tj ET Q q 0 0 0 rg BT 143.54 655.20 Td (relate ) Tj ET Q q 0 0 0 rg BT 165.05 655.20 Td (to ) Tj ET Q q 0 0 0 rg BT 173.58 655.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 199.09 655.20 Td (commitments ) Tj ET Q q 0 0 0 rg BT 249.61 655.20 Td (related ) Tj ET Q q 0 0 0 rg BT 275.62 655.20 Td (to ) Tj ET Q q 0 0 0 rg BT 284.15 655.20 Td (our ) Tj ET Q q 0 0 0 rg BT 297.68 655.20 Td (New ) Tj ET Q q 0 0 0 rg BT 315.97 655.20 Td (Y) Tj ET Q q 0 0 0 rg BT 321.57 655.20 Td (ork ) Tj ET Q q 0 0 0 rg BT 335.09 655.20 Td (City ) Tj ET Q q 0 0 0 rg BT 352.12 655.20 Td (waste ) Tj ET Q q 0 0 0 rg BT 374.14 655.20 Td (transport ) Tj ET Q q 0 0 0 rg BT 407.66 655.20 Td (and ) Tj ET Q q 0 0 0 rg BT 422.18 655.20 Td (disposal ) Tj ET Q q 0 0 0 rg BT 453.21 655.20 Td (contract. ) Tj ET Q q 0 0 0 rg BT 485.97 655.20 Td (See) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.97 655.20 Td ( ) Tj ET Q q 0 0 0 rg BT 500.49 655.20 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 527.01 655.20 Td (Financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.00 644.40 Td (Statements ) Tj ET Q q 0 0 0 rg BT 109.08 644.40 Td (And ) Tj ET Q q 0 0 0 rg BT 125.83 644.40 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 182.06 644.40 Td (Data ) Tj ET Q q 0 0 0 rg BT 202.31 644.40 Td (Note3. ) Tj ET Q q 0 0 0 rg BT 240.81 644.40 Td (New ) Tj ET Q q 0 0 0 rg BT 259.07 644.40 Td (Business ) Tj ET Q q 0 0 0 rg BT 292.82 644.40 Td (and ) Tj ET Q q 0 0 0 rg BT 308.40 644.40 Td (Asset ) Tj ET Q q 0 0 0 rg BT 329.65 644.40 Td (Management ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.89 644.40 Td (for ) Tj ET Q q 0 0 0 rg BT 391.63 644.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 429.87 644.40 Td (information) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.36 644.40 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 630.60 Td (\(13\) ) Tj ET Q q 0 0 0 rg BT 68.00 630.60 Td (Retirement ) Tj ET Q q 0 0 0 rg BT 111.53 630.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 130.56 630.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 174.10 630.60 Td (are ) Tj ET Q q 0 0 0 rg BT 188.63 630.60 Td (based ) Tj ET Q q 0 0 0 rg BT 212.66 630.60 Td (on ) Tj ET Q q 0 0 0 rg BT 225.20 630.60 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 259.72 630.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 296.75 630.60 Td (for ) Tj ET Q q 0 0 0 rg BT 310.78 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 325.32 630.60 Td (non-qualified ) Tj ET Q q 0 0 0 rg BT 377.34 630.60 Td (pension ) Tj ET Q q 0 0 0 rg BT 408.88 630.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 427.91 630.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 471.45 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 487.99 630.60 Td (post-retirement ) Tj ET Q q 0 0 0 rg BT 546.51 630.60 Td (plan ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 619.80 Td (obligations ) Tj ET Q q 0 0 0 rg BT 110.37 619.80 Td (only ) Tj ET Q q 0 0 0 rg BT 128.74 619.80 Td (as ) Tj ET Q q 0 0 0 rg BT 138.61 619.80 Td (of ) Tj ET Q q 0 0 0 rg BT 148.47 619.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 201.32 619.80 Td (2016. ) Tj ET Q q 0 0 0 rg BT 223.94 619.80 Td (In ) Tj ET Q q 0 0 0 rg BT 233.80 619.80 Td (2012, ) Tj ET Q q 0 0 0 rg BT 256.42 619.80 Td (the ) Tj ET Q q 0 0 0 rg BT 269.79 619.80 Td (qualified ) Tj ET Q q 0 0 0 rg BT 304.15 619.80 Td (pension ) Tj ET Q q 0 0 0 rg BT 334.51 619.80 Td (plan ) Tj ET Q q 0 0 0 rg BT 352.38 619.80 Td (was ) Tj ET Q q 0 0 0 rg BT 368.74 619.80 Td (terminated ) Tj ET Q q 0 0 0 rg BT 409.60 619.80 Td (and ) Tj ET Q q 0 0 0 rg BT 424.96 619.80 Td (final ) Tj ET Q q 0 0 0 rg BT 443.82 619.80 Td (settlement ) Tj ET Q q 0 0 0 rg BT 483.18 619.80 Td (occurred ) Tj ET Q q 0 0 0 rg BT 517.03 619.80 Td (in ) Tj ET Q q 0 0 0 rg BT 526.40 619.80 Td (2013. ) Tj ET Q q 0 0 0 rg BT 549.02 619.80 Td (See ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.00 609.00 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 95.24 609.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 132.49 609.00 Td (Statements ) Tj ET Q q 0 0 0 rg BT 173.57 609.00 Td (And ) Tj ET Q q 0 0 0 rg BT 190.31 609.00 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 246.55 609.00 Td (Data ) Tj ET Q q 0 0 0 rg BT 277.05 609.00 Td (Note16. ) Tj ET Q q 0 0 0 rg BT 309.80 609.00 Td (Employee ) Tj ET Q q 0 0 0 rg BT 347.53 609.00 Td (Benefit ) Tj ET Q q 0 0 0 rg BT 375.27 609.00 Td (Plans.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 591.00 Td (Other) Tj ET Q q 0 0 0 rg BT 75.37 591.00 Td ( Commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 573.00 Td (Other ) Tj ET Q q 0 0 0 rg BT 84.27 573.00 Td (commitments ) Tj ET Q q 0 0 0 rg BT 141.21 573.00 Td (as ) Tj ET Q q 0 0 0 rg BT 152.04 573.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.87 573.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 221.45 573.00 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.45 573.00 Td ( ) Tj ET Q q 0 0 0 rg BT 243.95 573.00 Td (were ) Tj ET Q q 0 0 0 rg BT 265.88 573.00 Td (as ) Tj ET Q q 0 0 0 rg BT 276.71 573.00 Td (follows ) Tj ET Q q 0 0 0 rg BT 309.21 573.00 Td (\(in ) Tj ET Q q 0 0 0 rg BT 322.82 573.00 Td (millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 524.50 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 524.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 524.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 524.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 524.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 524.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 496.50 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 496.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 496.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 496.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 496.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 496.50 75.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 544.5 m 404.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 544.5 m 408.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 544.5 m 483.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 544.5 m 487.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 544.5 m 562.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 524.5 m 404.5 524.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 524.5 m 483.5 524.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 524.5 m 562.5 524.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 524.5 m 483.5 524.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 524.5 m 562.5 524.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 482.5 m 404.5 482.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 482.5 m 483.5 482.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 482.5 m 562.5 482.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 469.5 m 404.5 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 467.5 m 404.5 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 469.5 m 483.5 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 467.5 m 483.5 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 469.5 m 562.5 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 467.5 m 562.5 467.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 548.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.60 548.58 Td (CommitmentsExpiringbyPeriod) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 528.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.75 528.73 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.85 536.58 Td (Less) Tj ET Q q 0 0 0 rg BT 444.82 536.58 Td (Than) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.60 528.58 Td (One) Tj ET Q q 0 0 0 rg BT 445.53 528.58 Td (Y) Tj ET Q q 0 0 0 rg BT 450.42 528.58 Td (ear) Tj ET Q q 0 0 0 rg BT 461.37 528.58 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.20 536.58 Td (Mor) Tj ET Q q 0 0 0 rg BT 520.16 536.58 Td (e) Tj ET Q q 0 0 0 rg BT 525.56 536.58 Td (Than) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.60 528.58 Td (One) Tj ET Q q 0 0 0 rg BT 524.53 528.58 Td (Y) Tj ET Q q 0 0 0 rg BT 529.42 528.58 Td (ear) Tj ET Q q 0 0 0 rg BT 540.37 528.58 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 515.07 Td (Letters of credit issued under the Revolving Credit Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 515.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 515.07 Td (156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 515.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 515.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 515.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 515.07 Td (156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 501.07 Td (Letters of credit - other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.65 501.07 Td (61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 501.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 501.07 Td (61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 487.07 Td (Surety bonds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 487.07 Td (158) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 487.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 487.07 Td (158) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 473.07 Td (Total other commitments net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 473.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 473.07 Td (375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 473.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 473.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 473.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 473.07 Td (375) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 451.00 Td (For ) Tj ET Q q 0 0 0 rg BT 76.68 451.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 120.46 451.00 Td (information ) Tj ET Q q 0 0 0 rg BT 171.47 451.00 Td (on ) Tj ET Q q 0 0 0 rg BT 185.26 451.00 Td (other ) Tj ET Q q 0 0 0 rg BT 209.60 451.00 Td (commitments, ) Tj ET Q q 0 0 0 rg BT 270.33 451.00 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 286.89 451.00 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 318.45 451.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 361.12 451.00 Td (Statements ) Tj ET Q q 0 0 0 rg BT 407.96 451.00 Td (And ) Tj ET Q q 0 0 0 rg BT 427.86 451.00 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 491.64 451.00 Td (Data ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 526.82 451.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 549.50 451.00 Td (18.) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 439.00 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 107.50 439.00 Td (and ) Tj ET Q q 0 0 0 rg BT 125.00 439.00 Td (Contingencies) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 182.21 439.00 Td ( ) Tj ET Q q 0 0 0 rg BT 184.71 439.00 Td (- ) Tj ET Q q 0 0 0 rg BT 190.54 439.00 Td (Other ) Tj ET Q q 0 0 0 rg BT 216.37 439.00 Td (Matters.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.98 439.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 421.00 Td (New ) Tj ET Q q 0 0 0 rg BT 80.01 421.00 Td (Y) Tj ET Q q 0 0 0 rg BT 86.12 421.00 Td (ork City ) Tj ET Q q 0 0 0 rg BT 124.27 421.00 Td (W) Tj ET Q q 0 0 0 rg BT 133.72 421.00 Td (aste ) Tj ET Q q 0 0 0 rg BT 152.70 421.00 Td (T) Tj ET Q q 0 0 0 rg BT 158.63 421.00 Td (ransport and Disposal Contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 403.00 Td (In ) Tj ET Q q 0 0 0 rg BT 69.11 403.00 Td (August ) Tj ET Q q 0 0 0 rg BT 100.30 403.00 Td (2013, ) Tj ET Q q 0 0 0 rg BT 125.09 403.00 Td (New ) Tj ET Q q 0 0 0 rg BT 145.92 403.00 Td (Y) Tj ET Q q 0 0 0 rg BT 152.14 403.00 Td (ork ) Tj ET Q q 0 0 0 rg BT 167.76 403.00 Td (City ) Tj ET Q q 0 0 0 rg BT 187.28 403.00 Td (awarded ) Tj ET Q q 0 0 0 rg BT 223.43 403.00 Td (us ) Tj ET Q q 0 0 0 rg BT 234.61 403.00 Td (a ) Tj ET Q q 0 0 0 rg BT 241.34 403.00 Td (contract ) Tj ET Q q 0 0 0 rg BT 275.84 403.00 Td (to ) Tj ET Q q 0 0 0 rg BT 285.90 403.00 Td (handle ) Tj ET Q q 0 0 0 rg BT 314.85 403.00 Td (waste ) Tj ET Q q 0 0 0 rg BT 339.91 403.00 Td (transport ) Tj ET Q q 0 0 0 rg BT 377.74 403.00 Td (and ) Tj ET Q q 0 0 0 rg BT 394.47 403.00 Td (disposal ) Tj ET Q q 0 0 0 rg BT 429.54 403.00 Td (from ) Tj ET Q q 0 0 0 rg BT 451.27 403.00 Td (two ) Tj ET Q q 0 0 0 rg BT 468.56 403.00 Td (marine ) Tj ET Q q 0 0 0 rg BT 498.61 403.00 Td (transfer ) Tj ET Q q 0 0 0 rg BT 531.44 403.00 Td (stations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.00 Td (located ) Tj ET Q q 0 0 0 rg BT 81.39 391.00 Td (in ) Tj ET Q q 0 0 0 rg BT 91.68 391.00 Td (Queens ) Tj ET Q q 0 0 0 rg BT 124.18 391.00 Td (and ) Tj ET Q q 0 0 0 rg BT 141.13 391.00 Td (Manhattan. ) Tj ET Q q 0 0 0 rg BT 188.91 391.00 Td (Service ) Tj ET Q q 0 0 0 rg BT 221.41 391.00 Td (for ) Tj ET Q q 0 0 0 rg BT 235.58 391.00 Td (the ) Tj ET Q q 0 0 0 rg BT 250.31 391.00 Td (Queens ) Tj ET Q q 0 0 0 rg BT 282.82 391.00 Td (marine ) Tj ET Q q 0 0 0 rg BT 313.10 391.00 Td (transfer ) Tj ET Q q 0 0 0 rg BT 346.15 391.00 Td (station ) Tj ET Q q 0 0 0 rg BT 375.33 391.00 Td (began ) Tj ET Q q 0 0 0 rg BT 401.72 391.00 Td (in ) Tj ET Q q 0 0 0 rg BT 412.01 391.00 Td (early ) Tj ET Q q 0 0 0 rg BT 434.51 391.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 459.52 391.00 Td (service ) Tj ET Q q 0 0 0 rg BT 490.35 391.00 Td (for ) Tj ET Q q 0 0 0 rg BT 504.52 391.00 Td (the ) Tj ET Q q 0 0 0 rg BT 519.25 391.00 Td (Manhattan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.00 Td (marine ) Tj ET Q q 0 0 0 rg BT 80.76 379.00 Td (transfer ) Tj ET Q q 0 0 0 rg BT 114.29 379.00 Td (station ) Tj ET Q q 0 0 0 rg BT 143.94 379.00 Td (is ) Tj ET Q q 0 0 0 rg BT 153.60 379.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 192.13 379.00 Td (to ) Tj ET Q q 0 0 0 rg BT 202.90 379.00 Td (follow ) Tj ET Q q 0 0 0 rg BT 232.00 379.00 Td (pending ) Tj ET Q q 0 0 0 rg BT 267.21 379.00 Td (notice ) Tj ET Q q 0 0 0 rg BT 294.63 379.00 Td (to ) Tj ET Q q 0 0 0 rg BT 305.41 379.00 Td (proceed ) Tj ET Q q 0 0 0 rg BT 340.04 379.00 Td (to ) Tj ET Q q 0 0 0 rg BT 350.81 379.00 Td (be ) Tj ET Q q 0 0 0 rg BT 363.24 379.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 391.24 379.00 Td (by ) Tj ET Q q 0 0 0 rg BT 404.23 379.00 Td (New ) Tj ET Q q 0 0 0 rg BT 425.66 379.00 Td (Y) Tj ET Q q 0 0 0 rg BT 431.88 379.00 Td (ork ) Tj ET Q q 0 0 0 rg BT 448.20 379.00 Td (City) Tj ET Q q 0 0 0 rg BT 464.78 379.00 Td (, ) Tj ET Q q 0 0 0 rg BT 470.27 379.00 Td (which ) Tj ET Q q 0 0 0 rg BT 497.70 379.00 Td (is ) Tj ET Q q 0 0 0 rg BT 507.36 379.00 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 554.22 379.00 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.00 Td (2018. ) Tj ET Q q 0 0 0 rg BT 74.65 367.00 Td (As ) Tj ET Q q 0 0 0 rg BT 88.52 367.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.61 367.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 158.46 367.00 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.46 367.00 Td (, ) Tj ET Q q 0 0 0 rg BT 183.72 367.00 Td (we ) Tj ET Q q 0 0 0 rg BT 198.14 367.00 Td (expect ) Tj ET Q q 0 0 0 rg BT 226.99 367.00 Td (to ) Tj ET Q q 0 0 0 rg BT 237.53 367.00 Td (incur ) Tj ET Q q 0 0 0 rg BT 260.84 367.00 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.36 367.00 Td ($33 ) Tj ET Q q 0 0 0 rg BT 339.12 367.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.01 367.00 Td ( ) Tj ET Q q 0 0 0 rg BT 370.77 367.00 Td (of ) Tj ET Q q 0 0 0 rg BT 381.86 367.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 424.61 367.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 454.02 367.00 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 510.38 367.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 550.35 367.00 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.00 Td (transportation ) Tj ET Q q 0 0 0 rg BT 108.04 355.00 Td (equipment.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 337.00 Td (Other) Tj ET Q q 0 0 0 rg BT 84.37 337.00 Td ( Factors ) Tj ET Q q 0 0 0 rg BT 121.02 337.00 Td (Affecting Liquidity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 319.00 Td (W) Tj ET Q q 0 0 0 rg BT 67.64 319.00 Td (e ) Tj ET Q q 0 0 0 rg BT 75.15 319.00 Td (may ) Tj ET Q q 0 0 0 rg BT 95.44 319.00 Td (from ) Tj ET Q q 0 0 0 rg BT 117.95 319.00 Td (time ) Tj ET Q q 0 0 0 rg BT 138.80 319.00 Td (to ) Tj ET Q q 0 0 0 rg BT 149.65 319.00 Td (time ) Tj ET Q q 0 0 0 rg BT 170.49 319.00 Td (engage ) Tj ET Q q 0 0 0 rg BT 201.88 319.00 Td (in ) Tj ET Q q 0 0 0 rg BT 212.73 319.00 Td (construction ) Tj ET Q q 0 0 0 rg BT 265.24 319.00 Td (activity ) Tj ET Q q 0 0 0 rg BT 298.30 319.00 Td (for ) Tj ET Q q 0 0 0 rg BT 313.03 319.00 Td (public ) Tj ET Q q 0 0 0 rg BT 341.10 319.00 Td (sector ) Tj ET Q q 0 0 0 rg BT 368.05 319.00 Td (clients, ) Tj ET Q q 0 0 0 rg BT 399.73 319.00 Td (either ) Tj ET Q q 0 0 0 rg BT 425.56 319.00 Td (for ) Tj ET Q q 0 0 0 rg BT 440.30 319.00 Td (new ) Tj ET Q q 0 0 0 rg BT 460.03 319.00 Td (projects ) Tj ET Q q 0 0 0 rg BT 494.76 319.00 Td (or ) Tj ET Q q 0 0 0 rg BT 506.16 319.00 Td (expansions ) Tj ET Q q 0 0 0 rg BT 553.67 319.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.00 Td (existing ) Tj ET Q q 0 0 0 rg BT 83.04 307.00 Td (projects. ) Tj ET Q q 0 0 0 rg BT 118.47 307.00 Td (W) Tj ET Q q 0 0 0 rg BT 127.11 307.00 Td (e ) Tj ET Q q 0 0 0 rg BT 132.92 307.00 Td (historically ) Tj ET Q q 0 0 0 rg BT 179.29 307.00 Td (receive ) Tj ET Q q 0 0 0 rg BT 209.52 307.00 Td (payments ) Tj ET Q q 0 0 0 rg BT 249.22 307.00 Td (for ) Tj ET Q q 0 0 0 rg BT 262.26 307.00 Td (this ) Tj ET Q q 0 0 0 rg BT 278.08 307.00 Td (activity ) Tj ET Q q 0 0 0 rg BT 309.44 307.00 Td (based ) Tj ET Q q 0 0 0 rg BT 333.59 307.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 354.96 307.00 Td (completion ) Tj ET Q q 0 0 0 rg BT 401.33 307.00 Td (of ) Tj ET Q q 0 0 0 rg BT 411.03 307.00 Td (milestones ) Tj ET Q q 0 0 0 rg BT 455.18 307.00 Td (as ) Tj ET Q q 0 0 0 rg BT 464.88 307.00 Td (set ) Tj ET Q q 0 0 0 rg BT 477.37 307.00 Td (forth ) Tj ET Q q 0 0 0 rg BT 498.18 307.00 Td (in ) Tj ET Q q 0 0 0 rg BT 507.33 307.00 Td (the ) Tj ET Q q 0 0 0 rg BT 520.92 307.00 Td (applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.00 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 90.91 295.00 Td (and ) Tj ET Q q 0 0 0 rg BT 107.66 295.00 Td (the ) Tj ET Q q 0 0 0 rg BT 122.19 295.00 Td (timing ) Tj ET Q q 0 0 0 rg BT 150.61 295.00 Td (and ) Tj ET Q q 0 0 0 rg BT 167.36 295.00 Td (size ) Tj ET Q q 0 0 0 rg BT 185.22 295.00 Td (of ) Tj ET Q q 0 0 0 rg BT 195.86 295.00 Td (these ) Tj ET Q q 0 0 0 rg BT 218.72 295.00 Td (milestone ) Tj ET Q q 0 0 0 rg BT 259.91 295.00 Td (payments ) Tj ET Q q 0 0 0 rg BT 300.55 295.00 Td (can ) Tj ET Q q 0 0 0 rg BT 316.74 295.00 Td (result ) Tj ET Q q 0 0 0 rg BT 341.27 295.00 Td (in ) Tj ET Q q 0 0 0 rg BT 351.36 295.00 Td (material ) Tj ET Q q 0 0 0 rg BT 386.43 295.00 Td (working ) Tj ET Q q 0 0 0 rg BT 422.07 295.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 451.04 295.00 Td (variability ) Tj ET Q q 0 0 0 rg BT 494.45 295.00 Td (between ) Tj ET Q q 0 0 0 rg BT 530.07 295.00 Td (periods. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.00 Td (This ) Tj ET Q q 0 0 0 rg BT 70.36 283.00 Td (variability ) Tj ET Q q 0 0 0 rg BT 114.03 283.00 Td (can ) Tj ET Q q 0 0 0 rg BT 130.49 283.00 Td (in ) Tj ET Q q 0 0 0 rg BT 140.84 283.00 Td (turn ) Tj ET Q q 0 0 0 rg BT 159.53 283.00 Td (result ) Tj ET Q q 0 0 0 rg BT 184.32 283.00 Td (in ) Tj ET Q q 0 0 0 rg BT 194.68 283.00 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 242.79 283.00 Td (swings ) Tj ET Q q 0 0 0 rg BT 273.16 283.00 Td (between ) Tj ET Q q 0 0 0 rg BT 309.05 283.00 Td (periods ) Tj ET Q q 0 0 0 rg BT 341.06 283.00 Td (in ) Tj ET Q q 0 0 0 rg BT 351.42 283.00 Td (our ) Tj ET Q q 0 0 0 rg BT 367.33 283.00 Td (Cash ) Tj ET Q q 0 0 0 rg BT 389.90 283.00 Td (Flow ) Tj ET Q q 0 0 0 rg BT 413.04 283.00 Td (from ) Tj ET Q q 0 0 0 rg BT 435.06 283.00 Td (Operations ) Tj ET Q q 0 0 0 rg BT 481.51 283.00 Td (and ) Tj ET Q q 0 0 0 rg BT 498.53 283.00 Td (Free ) Tj ET Q q 0 0 0 rg BT 518.87 283.00 Td (Cash ) Tj ET Q q 0 0 0 rg BT 541.45 283.00 Td (Flow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.00 Td (\(which ) Tj ET Q q 0 0 0 rg BT 79.96 271.00 Td (we ) Tj ET Q q 0 0 0 rg BT 93.81 271.00 Td (use ) Tj ET Q q 0 0 0 rg BT 109.33 271.00 Td (as ) Tj ET Q q 0 0 0 rg BT 119.85 271.00 Td (a ) Tj ET Q q 0 0 0 rg BT 126.48 271.00 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 171.66 271.00 Td ( ) Tj ET Q q 0 0 0 rg BT 173.85 271.00 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 209.93 271.00 Td (measure\). ) Tj ET Q q 0 0 0 rg BT 251.27 271.00 Td (For ) Tj ET Q q 0 0 0 rg BT 267.35 271.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 309.53 271.00 Td (information ) Tj ET Q q 0 0 0 rg BT 358.93 271.00 Td (related ) Tj ET Q q 0 0 0 rg BT 388.33 271.00 Td (to ) Tj ET Q q 0 0 0 rg BT 398.29 271.00 Td (Cash ) Tj ET Q q 0 0 0 rg BT 420.48 271.00 Td (Flow ) Tj ET Q q 0 0 0 rg BT 443.23 271.00 Td (from ) Tj ET Q q 0 0 0 rg BT 464.86 271.00 Td (Operations ) Tj ET Q q 0 0 0 rg BT 510.93 271.00 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 525.89 271.00 Td (Liquidity ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 259.00 Td (and ) Tj ET Q q 0 0 0 rg BT 67.75 259.00 Td (Capital ) Tj ET Q q 0 0 0 rg BT 100.51 259.00 Td (Resour) Tj ET Q q 0 0 0 rg BT 128.47 259.00 Td (ces ) Tj ET Q q 0 0 0 rg BT 155.38 259.00 Td (Sour) Tj ET Q q 0 0 0 rg BT 173.90 259.00 Td (ces ) Tj ET Q q 0 0 0 rg BT 189.42 259.00 Td (and ) Tj ET Q q 0 0 0 rg BT 207.18 259.00 Td (Uses ) Tj ET Q q 0 0 0 rg BT 229.37 259.00 Td (of ) Tj ET Q q 0 0 0 rg BT 239.91 259.00 Td (Cash ) Tj ET Q q 0 0 0 rg BT 263.22 259.00 Td (Flow ) Tj ET Q q 0 0 0 rg BT 286.53 259.00 Td (fr) Tj ET Q q 0 0 0 rg BT 292.83 259.00 Td (om ) Tj ET Q q 0 0 0 rg BT 307.80 259.00 Td (Continuing ) Tj ET Q q 0 0 0 rg BT 355.56 259.00 Td (Operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.31 259.00 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 420.50 259.00 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 459.37 259.00 Td (and ) Tj ET Q q 0 0 0 rg BT 477.12 259.00 Td (Capital ) Tj ET Q q 0 0 0 rg BT 509.88 259.00 Td (Resour) Tj ET Q q 0 0 0 rg BT 537.84 259.00 Td (ces ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 247.00 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 112.49 247.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 153.87 247.00 Td (Information ) Tj ET Q q 0 0 0 rg BT 215.54 247.00 Td (Fr) Tj ET Q q 0 0 0 rg BT 225.17 247.00 Td (ee ) Tj ET Q q 0 0 0 rg BT 236.54 247.00 Td (Cash ) Tj ET Q q 0 0 0 rg BT 259.60 247.00 Td (Flow ) Tj ET Q q 0 0 0 rg BT 282.66 247.00 Td (\(Non-GAAP) Tj ET Q q 0 0 0 rg BT 331.36 247.00 Td (Discussion\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.08 247.00 Td ( ) Tj ET Q q 0 0 0 rg BT 383.58 247.00 Td (above.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 229.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 77.02 229.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 106.14 229.00 Td (structure ) Tj ET Q q 0 0 0 rg BT 143.60 229.00 Td (includes ) Tj ET Q q 0 0 0 rg BT 179.39 229.00 Td (multiple ) Tj ET Q q 0 0 0 rg BT 215.19 229.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 234.88 229.00 Td (securities ) Tj ET Q q 0 0 0 rg BT 275.11 229.00 Td (and ) Tj ET Q q 0 0 0 rg BT 292.02 229.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 317.25 229.00 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 356.65 229.00 Td (each ) Tj ET Q q 0 0 0 rg BT 377.44 229.00 Td (with ) Tj ET Q q 0 0 0 rg BT 397.68 229.00 Td (dif) Tj ET Q q 0 0 0 rg BT 408.61 229.00 Td (ferent ) Tj ET Q q 0 0 0 rg BT 434.40 229.00 Td (maturity ) Tj ET Q q 0 0 0 rg BT 470.75 229.00 Td (dates. ) Tj ET Q q 0 0 0 rg BT 495.72 229.00 Td (As ) Tj ET Q q 0 0 0 rg BT 509.30 229.00 Td (and ) Tj ET Q q 0 0 0 rg BT 526.21 229.00 Td (when ) Tj ET Q q 0 0 0 rg BT 550.34 229.00 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.00 Td (refinance ) Tj ET Q q 0 0 0 rg BT 89.49 217.00 Td (each ) Tj ET Q q 0 0 0 rg BT 110.11 217.00 Td (element ) Tj ET Q q 0 0 0 rg BT 144.06 217.00 Td (of ) Tj ET Q q 0 0 0 rg BT 154.69 217.00 Td (our ) Tj ET Q q 0 0 0 rg BT 170.32 217.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 199.28 217.00 Td (structure, ) Tj ET Q q 0 0 0 rg BT 239.06 217.00 Td (we ) Tj ET Q q 0 0 0 rg BT 253.02 217.00 Td (may ) Tj ET Q q 0 0 0 rg BT 272.54 217.00 Td (consider ) Tj ET Q q 0 0 0 rg BT 308.72 217.00 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 344.35 217.00 Td (the ) Tj ET Q q 0 0 0 rg BT 358.87 217.00 Td (same ) Tj ET Q q 0 0 0 rg BT 381.72 217.00 Td (or ) Tj ET Q q 0 0 0 rg BT 392.35 217.00 Td (dif) Tj ET Q q 0 0 0 rg BT 403.28 217.00 Td (ferent ) Tj ET Q q 0 0 0 rg BT 428.89 217.00 Td (types ) Tj ET Q q 0 0 0 rg BT 452.30 217.00 Td (of ) Tj ET Q q 0 0 0 rg BT 462.94 217.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 482.45 217.00 Td (securities ) Tj ET Q q 0 0 0 rg BT 522.52 217.00 Td (and ) Tj ET Q q 0 0 0 rg BT 539.26 217.00 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.00 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 88.88 205.00 Td (depending ) Tj ET Q q 0 0 0 rg BT 132.49 205.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 154.44 205.00 Td (market ) Tj ET Q q 0 0 0 rg BT 184.16 205.00 Td (conditions ) Tj ET Q q 0 0 0 rg BT 227.78 205.00 Td (and ) Tj ET Q q 0 0 0 rg BT 244.17 205.00 Td (general ) Tj ET Q q 0 0 0 rg BT 275.55 205.00 Td (business ) Tj ET Q q 0 0 0 rg BT 311.39 205.00 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 368.05 205.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 385.55 205.00 Td (selection ) Tj ET Q q 0 0 0 rg BT 423.05 205.00 Td (of ) Tj ET Q q 0 0 0 rg BT 433.33 205.00 Td (the ) Tj ET Q q 0 0 0 rg BT 447.50 205.00 Td (same ) Tj ET Q q 0 0 0 rg BT 470.00 205.00 Td (or ) Tj ET Q q 0 0 0 rg BT 480.28 205.00 Td (dif) Tj ET Q q 0 0 0 rg BT 491.21 205.00 Td (ferent ) Tj ET Q q 0 0 0 rg BT 516.48 205.00 Td (refinancing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.00 Td (structures ) Tj ET Q q 0 0 0 rg BT 91.38 193.00 Td (could ) Tj ET Q q 0 0 0 rg BT 116.09 193.00 Td (materially ) Tj ET Q q 0 0 0 rg BT 159.13 193.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 194.38 193.00 Td (or ) Tj ET Q q 0 0 0 rg BT 205.21 193.00 Td (decrease ) Tj ET Q q 0 0 0 rg BT 242.13 193.00 Td (our ) Tj ET Q q 0 0 0 rg BT 257.96 193.00 Td (annual ) Tj ET Q q 0 0 0 rg BT 287.11 193.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 307.38 193.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 339.32 193.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 374.02 193.00 Td (in ) Tj ET Q q 0 0 0 rg BT 384.30 193.00 Td (future ) Tj ET Q q 0 0 0 rg BT 410.68 193.00 Td (periods.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 175.00 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 104.28 175.00 Td (Coverage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 157.00 Td (W) Tj ET Q q 0 0 0 rg BT 67.64 157.00 Td (e ) Tj ET Q q 0 0 0 rg BT 74.08 157.00 Td (periodically ) Tj ET Q q 0 0 0 rg BT 123.85 157.00 Td (review ) Tj ET Q q 0 0 0 rg BT 153.07 157.00 Td (our ) Tj ET Q q 0 0 0 rg BT 168.41 157.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 208.73 157.00 Td (programs ) Tj ET Q q 0 0 0 rg BT 248.51 157.00 Td (to ) Tj ET Q q 0 0 0 rg BT 258.29 157.00 Td (ensure ) Tj ET Q q 0 0 0 rg BT 286.40 157.00 Td (that ) Tj ET Q q 0 0 0 rg BT 303.40 157.00 Td (our ) Tj ET Q q 0 0 0 rg BT 318.74 157.00 Td (coverage ) Tj ET Q q 0 0 0 rg BT 356.83 157.00 Td (is ) Tj ET Q q 0 0 0 rg BT 365.51 157.00 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 413.05 157.00 Td (for ) Tj ET Q q 0 0 0 rg BT 426.72 157.00 Td (the ) Tj ET Q q 0 0 0 rg BT 440.95 157.00 Td (risks ) Tj ET Q q 0 0 0 rg BT 461.85 157.00 Td (attendant ) Tj ET Q q 0 0 0 rg BT 500.50 157.00 Td (to ) Tj ET Q q 0 0 0 rg BT 510.29 157.00 Td (our ) Tj ET Q q 0 0 0 rg BT 525.63 157.00 Td (business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.00 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 145.00 Td (e ) Tj ET Q q 0 0 0 rg BT 66.25 145.00 Td (have ) Tj ET Q q 0 0 0 rg BT 88.31 145.00 Td (obtained ) Tj ET Q q 0 0 0 rg BT 125.92 145.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 167.41 145.00 Td (for ) Tj ET Q q 0 0 0 rg BT 182.24 145.00 Td (our ) Tj ET Q q 0 0 0 rg BT 198.75 145.00 Td (employees, ) Tj ET Q q 0 0 0 rg BT 247.19 145.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 273.70 145.00 Td (and ) Tj ET Q q 0 0 0 rg BT 291.31 145.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 336.14 145.00 Td (that ) Tj ET Q q 0 0 0 rg BT 354.31 145.00 Td (provide ) Tj ET Q q 0 0 0 rg BT 388.04 145.00 Td (coverage ) Tj ET Q q 0 0 0 rg BT 427.30 145.00 Td (for ) Tj ET Q q 0 0 0 rg BT 442.13 145.00 Td (what ) Tj ET Q q 0 0 0 rg BT 464.75 145.00 Td (we ) Tj ET Q q 0 0 0 rg BT 479.58 145.00 Td (believe ) Tj ET Q q 0 0 0 rg BT 511.63 145.00 Td (are ) Tj ET Q q 0 0 0 rg BT 527.02 145.00 Td (probable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.00 Td (maximum ) Tj ET Q q 0 0 0 rg BT 92.46 133.00 Td (losses, ) Tj ET Q q 0 0 0 rg BT 120.77 133.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 151.01 133.00 Td (to ) Tj ET Q q 0 0 0 rg BT 160.70 133.00 Td (self-insured ) Tj ET Q q 0 0 0 rg BT 209.82 133.00 Td (retentions, ) Tj ET Q q 0 0 0 rg BT 253.67 133.00 Td (policy ) Tj ET Q q 0 0 0 rg BT 280.57 133.00 Td (limits ) Tj ET Q q 0 0 0 rg BT 305.27 133.00 Td (and ) Tj ET Q q 0 0 0 rg BT 321.62 133.00 Td (premium ) Tj ET Q q 0 0 0 rg BT 359.64 133.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 381.55 133.00 Td (which ) Tj ET Q q 0 0 0 rg BT 407.90 133.00 Td (we ) Tj ET Q q 0 0 0 rg BT 421.48 133.00 Td (believe ) Tj ET Q q 0 0 0 rg BT 452.26 133.00 Td (to ) Tj ET Q q 0 0 0 rg BT 461.95 133.00 Td (be ) Tj ET Q q 0 0 0 rg BT 473.30 133.00 Td (appropriate. ) Tj ET Q q 0 0 0 rg BT 523.25 133.00 Td (However) Tj ET Q q 0 0 0 rg BT 559.50 133.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.00 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 121.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 105.53 121.00 Td (obtained ) Tj ET Q q 0 0 0 rg BT 142.47 121.00 Td (does ) Tj ET Q q 0 0 0 rg BT 163.30 121.00 Td (not ) Tj ET Q q 0 0 0 rg BT 178.57 121.00 Td (cover ) Tj ET Q q 0 0 0 rg BT 203.28 121.00 Td (us ) Tj ET Q q 0 0 0 rg BT 214.67 121.00 Td (for ) Tj ET Q q 0 0 0 rg BT 228.83 121.00 Td (all ) Tj ET Q q 0 0 0 rg BT 241.33 121.00 Td (possible ) Tj ET Q q 0 0 0 rg BT 276.61 121.00 Td (losses, ) Tj ET Q q 0 0 0 rg BT 305.50 121.00 Td (and ) Tj ET Q q 0 0 0 rg BT 322.44 121.00 Td (coverage ) Tj ET Q q 0 0 0 rg BT 361.02 121.00 Td (available ) Tj ET Q q 0 0 0 rg BT 399.61 121.00 Td (in ) Tj ET Q q 0 0 0 rg BT 409.89 121.00 Td (the ) Tj ET Q q 0 0 0 rg BT 424.60 121.00 Td (market ) Tj ET Q q 0 0 0 rg BT 454.87 121.00 Td (may ) Tj ET Q q 0 0 0 rg BT 474.58 121.00 Td (change ) Tj ET Q q 0 0 0 rg BT 505.40 121.00 Td (over ) Tj ET Q q 0 0 0 rg BT 525.67 121.00 Td (time.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 103.00 Td (Off-Balance ) Tj ET Q q 0 0 0 rg BT 113.16 103.00 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 138.43 103.00 Td (Arrangements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 85.00 Td (W) Tj ET Q q 0 0 0 rg BT 67.64 85.00 Td (e ) Tj ET Q q 0 0 0 rg BT 74.36 85.00 Td (are ) Tj ET Q q 0 0 0 rg BT 88.85 85.00 Td (party ) Tj ET Q q 0 0 0 rg BT 111.68 85.00 Td (to ) Tj ET Q q 0 0 0 rg BT 121.75 85.00 Td (a ) Tj ET Q q 0 0 0 rg BT 128.47 85.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 150.74 85.00 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 202.99 85.00 Td (at ) Tj ET Q q 0 0 0 rg BT 212.49 85.00 Td (our ) Tj ET Q q 0 0 0 rg BT 228.11 85.00 Td (Union ) Tj ET Q q 0 0 0 rg BT 255.39 85.00 Td (County) Tj ET Q q 0 0 0 rg BT 284.19 85.00 Td (, ) Tj ET Q q 0 0 0 rg BT 288.97 85.00 Td (New ) Tj ET Q q 0 0 0 rg BT 310.14 85.00 Td (Jersey ) Tj ET Q q 0 0 0 rg BT 337.42 85.00 Td (ener) Tj ET Q q 0 0 0 rg BT 354.44 85.00 Td (gy-from-waste ) Tj ET Q q 0 0 0 rg BT 415.59 85.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 446.20 85.00 Td (in ) Tj ET Q q 0 0 0 rg BT 456.26 85.00 Td (which ) Tj ET Q q 0 0 0 rg BT 482.98 85.00 Td (we ) Tj ET Q q 0 0 0 rg BT 496.93 85.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 519.20 85.00 Td (the ) Tj ET Q q 0 0 0 rg BT 533.70 85.00 Td (facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.00 Td (from ) Tj ET Q q 0 0 0 rg BT 72.34 73.00 Td (the ) Tj ET Q q 0 0 0 rg BT 87.45 73.00 Td (Union ) Tj ET Q q 0 0 0 rg BT 115.35 73.00 Td (County ) Tj ET Q q 0 0 0 rg BT 147.70 73.00 Td (Utilities ) Tj ET Q q 0 0 0 rg BT 182.18 73.00 Td (Authority) Tj ET Q q 0 0 0 rg BT 220.41 73.00 Td (, ) Tj ET Q q 0 0 0 rg BT 225.81 73.00 Td (referred ) Tj ET Q q 0 0 0 rg BT 260.34 73.00 Td (to ) Tj ET Q q 0 0 0 rg BT 271.02 73.00 Td (as ) Tj ET Q q 0 0 0 rg BT 282.25 73.00 Td (the ) Tj ET Q q 0 0 0 rg BT 297.36 73.00 Td (UCUA. ) Tj ET Q q 0 0 0 rg BT 339.76 73.00 Td (W) Tj ET Q q 0 0 0 rg BT 348.40 73.00 Td (e ) Tj ET Q q 0 0 0 rg BT 355.74 73.00 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 397.50 73.00 Td (a ) Tj ET Q q 0 0 0 rg BT 404.83 73.00 Td (portion ) Tj ET Q q 0 0 0 rg BT 436.62 73.00 Td (of ) Tj ET Q q 0 0 0 rg BT 447.85 73.00 Td (the ) Tj ET Q q 0 0 0 rg BT 462.96 73.00 Td (rent ) Tj ET Q q 0 0 0 rg BT 481.41 73.00 Td (due ) Tj ET Q q 0 0 0 rg BT 498.74 73.00 Td (under ) Tj ET Q q 0 0 0 rg BT 524.41 73.00 Td (the ) Tj ET Q q 0 0 0 rg BT 539.52 73.00 Td (lease, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.00 Td (which ) Tj ET Q q 0 0 0 rg BT 78.08 61.00 Td (is ) Tj ET Q q 0 0 0 rg BT 88.39 61.00 Td (suf) Tj ET Q q 0 0 0 rg BT 100.43 61.00 Td (ficient ) Tj ET Q q 0 0 0 rg BT 129.61 61.00 Td (to ) Tj ET Q q 0 0 0 rg BT 141.03 61.00 Td (allow ) Tj ET Q q 0 0 0 rg BT 166.89 61.00 Td (UCUA) Tj ET Q q 0 0 0 rg BT 194.67 61.00 Td ( ) Tj ET Q q 0 0 0 rg BT 198.31 61.00 Td (to ) Tj ET Q q 0 0 0 rg BT 209.73 61.00 Td (make ) Tj ET Q q 0 0 0 rg BT 235.02 61.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 255.88 61.00 Td (service ) Tj ET Q q 0 0 0 rg BT 287.84 61.00 Td (payments ) Tj ET Q q 0 0 0 rg BT 329.80 61.00 Td (due ) Tj ET Q q 0 0 0 rg BT 347.88 61.00 Td (on ) Tj ET Q q 0 0 0 rg BT 361.52 61.00 Td (the ) Tj ET Q q 0 0 0 rg BT 377.38 61.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 393.23 61.00 Td (exempt ) Tj ET Q q 0 0 0 rg BT 426.31 61.00 Td (bonds ) Tj ET Q q 0 0 0 rg BT 453.84 61.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 482.48 61.00 Td (by ) Tj ET Q q 0 0 0 rg BT 496.12 61.00 Td (it ) Tj ET Q q 0 0 0 rg BT 505.32 61.00 Td (to ) Tj ET Q q 0 0 0 rg BT 516.74 61.00 Td (finance ) Tj ET Q q 0 0 0 rg BT 549.80 61.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.00 Td (construction ) Tj ET Q q 0 0 0 rg BT 101.93 49.00 Td (of ) Tj ET Q q 0 0 0 rg BT 112.76 49.00 Td (the ) Tj ET Q q 0 0 0 rg BT 127.48 49.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 158.30 49.00 Td (and ) Tj ET Q q 0 0 0 rg BT 175.24 49.00 Td (which ) Tj ET Q q 0 0 0 rg BT 202.18 49.00 Td (are ) Tj ET Q q 0 0 0 rg BT 216.88 49.00 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 259.37 49.00 Td (to ) Tj ET Q q 0 0 0 rg BT 269.65 49.00 Td (mature ) Tj ET Q q 0 0 0 rg BT 299.91 49.00 Td (in ) Tj ET Q q 0 0 0 rg BT 310.19 49.00 Td (2031.) Tj ET Q endstream endobj 113 0 obj <>] /Rotate 0 /Contents 114 0 R>> endobj 114 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 67.64 742.10 Td (e ) Tj ET Q q 0 0 0 rg BT 75.02 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 90.18 742.10 Td (also ) Tj ET Q q 0 0 0 rg BT 109.24 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 116.62 742.10 Td (party ) Tj ET Q q 0 0 0 rg BT 140.12 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.84 742.10 Td (various ) Tj ET Q q 0 0 0 rg BT 183.23 742.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 206.17 742.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 262.98 742.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 300.36 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 311.09 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 338.48 742.10 Td (we ) Tj ET Q q 0 0 0 rg BT 353.08 742.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 376.02 742.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 405.63 742.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 429.69 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 440.41 742.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 487.23 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 507.96 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 524.24 742.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 90.22 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 100.17 730.10 Td (well ) Tj ET Q q 0 0 0 rg BT 119.01 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 128.96 730.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 150.56 730.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 179.38 730.10 Td (of) Tj ET Q q 0 0 0 rg BT 187.53 730.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 204.14 730.10 Td (space ) Tj ET Q q 0 0 0 rg BT 227.97 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.02 730.10 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 290.36 730.10 Td (Rent ) Tj ET Q q 0 0 0 rg BT 310.86 730.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 343.58 730.10 Td (under ) Tj ET Q q 0 0 0 rg BT 367.97 730.10 Td (these ) Tj ET Q q 0 0 0 rg BT 390.13 730.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 445.62 730.10 Td (is ) Tj ET Q q 0 0 0 rg BT 453.91 730.10 Td (not ) Tj ET Q q 0 0 0 rg BT 468.30 730.10 Td (material ) Tj ET Q q 0 0 0 rg BT 502.68 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 512.08 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 527.03 730.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (position. ) Tj ET Q q 0 0 0 rg BT 87.74 718.10 Td (W) Tj ET Q q 0 0 0 rg BT 96.37 718.10 Td (e ) Tj ET Q q 0 0 0 rg BT 104.06 718.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 144.50 718.10 Td (use ) Tj ET Q q 0 0 0 rg BT 161.07 718.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 202.08 718.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 225.31 718.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 266.31 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 281.22 718.10 Td (all ) Tj ET Q q 0 0 0 rg BT 294.46 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.03 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.49 718.10 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 363.61 718.10 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 422.50 718.10 Td (A) Tj ET Q q 0 0 0 rg BT 429.17 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 432.41 718.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 472.87 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.45 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 501.02 718.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 542.03 718.10 Td (lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 96.94 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 106.11 706.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 147.49 706.10 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 157.76 706.10 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 188.03 706.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 229.41 706.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 275.06 706.10 Td (And ) Tj ET Q q 0 0 0 rg BT 293.67 706.10 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 356.15 706.10 Td (Data ) Tj ET Q q 0 0 0 rg BT 390.04 706.10 Td (Note10. ) Tj ET Q q 0 0 0 rg BT 426.43 706.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 470.04 706.10 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.26 706.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 688.10 Td (As ) Tj ET Q q 0 0 0 rg BT 72.61 688.10 Td (described ) Tj ET Q q 0 0 0 rg BT 113.41 688.10 Td (above ) Tj ET Q q 0 0 0 rg BT 139.78 688.10 Td (under ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 165.04 688.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 190.87 688.10 Td (Commitments,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.37 688.10 Td ( ) Tj ET Q q 0 0 0 rg BT 250.86 688.10 Td (we ) Tj ET Q q 0 0 0 rg BT 265.01 688.10 Td (have ) Tj ET Q q 0 0 0 rg BT 286.38 688.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 313.88 688.10 Td (or ) Tj ET Q q 0 0 0 rg BT 324.70 688.10 Td (are ) Tj ET Q q 0 0 0 rg BT 339.40 688.10 Td (party ) Tj ET Q q 0 0 0 rg BT 362.44 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 372.71 688.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 425.72 688.10 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 470.97 688.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.90 688.10 Td (related ) Tj ET Q q 0 0 0 rg BT 517.60 688.10 Td (contractual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 97.22 676.10 Td (undertaken ) Tj ET Q q 0 0 0 rg BT 144.41 676.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 174.96 676.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 212.17 676.10 Td (to ) Tj ET Q q 0 0 0 rg BT 222.72 676.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 271.03 676.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.58 676.10 Td (construct ) Tj ET Q q 0 0 0 rg BT 321.01 676.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 349.33 676.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 381.53 676.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 411.50 676.10 Td (ener) Tj ET Q q 0 0 0 rg BT 428.53 676.10 Td (gy-from-waste ) Tj ET Q q 0 0 0 rg BT 490.17 676.10 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 529.67 676.10 Td (T) Tj ET Q q 0 0 0 rg BT 535.08 676.10 Td (o ) Tj ET Q q 0 0 0 rg BT 542.86 676.10 Td (date, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (we ) Tj ET Q q 0 0 0 rg BT 64.16 664.10 Td (have ) Tj ET Q q 0 0 0 rg BT 85.54 664.10 Td (not ) Tj ET Q q 0 0 0 rg BT 100.82 664.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 136.63 664.10 Td (material ) Tj ET Q q 0 0 0 rg BT 171.89 664.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 211.61 664.10 Td (under ) Tj ET Q q 0 0 0 rg BT 236.88 664.10 Td (our ) Tj ET Q q 0 0 0 rg BT 252.71 664.10 Td (guarantees.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 646.10 Td (W) Tj ET Q q 0 0 0 rg BT 67.64 646.10 Td (e ) Tj ET Q q 0 0 0 rg BT 75.53 646.10 Td (have ) Tj ET Q q 0 0 0 rg BT 97.86 646.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 149.09 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 160.32 646.10 Td (several ) Tj ET Q q 0 0 0 rg BT 192.09 646.10 Td (investees ) Tj ET Q q 0 0 0 rg BT 232.20 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.10 646.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 271.89 646.10 Td (ventures ) Tj ET Q q 0 0 0 rg BT 309.22 646.10 Td (that ) Tj ET Q q 0 0 0 rg BT 327.67 646.10 Td (are ) Tj ET Q q 0 0 0 rg BT 343.33 646.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 387.32 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 402.43 646.10 Td (under ) Tj ET Q q 0 0 0 rg BT 428.65 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.32 646.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 472.77 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.67 646.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 510.23 646.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 547.57 646.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 87.74 634.10 Td (we ) Tj ET Q q 0 0 0 rg BT 101.05 634.10 Td (do ) Tj ET Q q 0 0 0 rg BT 112.70 634.10 Td (not ) Tj ET Q q 0 0 0 rg BT 127.13 634.10 Td (consolidate ) Tj ET Q q 0 0 0 rg BT 174.33 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.20 634.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 224.83 634.10 Td (information ) Tj ET Q q 0 0 0 rg BT 273.70 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.68 634.10 Td (those ) Tj ET Q q 0 0 0 rg BT 306.44 634.10 Td (companies. ) Tj ET Q q 0 0 0 rg BT 353.36 634.10 Td (See ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 369.45 634.10 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 398.87 634.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 439.40 634.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 484.26 634.10 Td (And ) Tj ET Q q 0 0 0 rg BT 502.02 634.10 Td (Supplementary ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Data ) Tj ET Q q 0 0 0 rg BT 83.89 622.10 Td (Note9. ) Tj ET Q q 0 0 0 rg BT 115.28 622.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 143.88 622.10 Td (Method ) Tj ET Q q 0 0 0 rg BT 176.93 622.10 Td (Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.14 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 226.64 622.10 Td (for ) Tj ET Q q 0 0 0 rg BT 240.80 622.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 283.29 622.10 Td (information ) Tj ET Q q 0 0 0 rg BT 333.00 622.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 373.81 622.10 Td (these ) Tj ET Q q 0 0 0 rg BT 396.86 622.10 Td (investments.) Tj ET Q endstream endobj 115 0 obj <>] /Rotate 0 /Contents 116 0 R>> endobj 116 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 20.10 Td (57) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 753.75 Td (DISCUSSION ) Tj ET Q q 0 0 0 rg BT 113.13 753.75 Td (OF) Tj ET Q q 0 0 0 rg BT 126.65 753.75 Td ( ) Tj ET Q q 0 0 0 rg BT 129.15 753.75 Td (CRITICAL) Tj ET Q q 0 0 0 rg BT 178.61 753.75 Td ( ) Tj ET Q q 0 0 0 rg BT 180.55 753.75 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 252.50 753.75 Td (POLICIES ) Tj ET Q q 0 0 0 rg BT 302.24 753.75 Td (AND ) Tj ET Q q 0 0 0 rg BT 326.41 753.75 Td (ESTIMA) Tj ET Q q 0 0 0 rg BT 365.12 753.75 Td (TES ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 738.75 Td (In ) Tj ET Q q 0 0 0 rg BT 68.28 738.75 Td (preparing ) Tj ET Q q 0 0 0 rg BT 108.05 738.75 Td (our ) Tj ET Q q 0 0 0 rg BT 122.83 738.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 174.82 738.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 211.25 738.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 254.91 738.75 Td (in ) Tj ET Q q 0 0 0 rg BT 264.14 738.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 310.55 738.75 Td (with ) Tj ET Q q 0 0 0 rg BT 329.78 738.75 Td (GAAP) Tj ET Q q 0 0 0 rg BT 355.90 738.75 Td (, ) Tj ET Q q 0 0 0 rg BT 359.85 738.75 Td (we ) Tj ET Q q 0 0 0 rg BT 372.96 738.75 Td (are ) Tj ET Q q 0 0 0 rg BT 386.62 738.75 Td (required ) Tj ET Q q 0 0 0 rg BT 421.38 738.75 Td (to ) Tj ET Q q 0 0 0 rg BT 430.61 738.75 Td (use ) Tj ET Q q 0 0 0 rg BT 445.39 738.75 Td (judgment ) Tj ET Q q 0 0 0 rg BT 484.61 738.75 Td (in ) Tj ET Q q 0 0 0 rg BT 493.84 738.75 Td (making ) Tj ET Q q 0 0 0 rg BT 525.29 738.75 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 726.75 Td (and ) Tj ET Q q 0 0 0 rg BT 65.98 726.75 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 117.48 726.75 Td (that ) Tj ET Q q 0 0 0 rg BT 134.52 726.75 Td (af) Tj ET Q q 0 0 0 rg BT 142.10 726.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 159.13 726.75 Td (the ) Tj ET Q q 0 0 0 rg BT 173.40 726.75 Td (amounts ) Tj ET Q q 0 0 0 rg BT 209.33 726.75 Td (reported ) Tj ET Q q 0 0 0 rg BT 244.69 726.75 Td (in ) Tj ET Q q 0 0 0 rg BT 254.51 726.75 Td (our ) Tj ET Q q 0 0 0 rg BT 269.89 726.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 322.47 726.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 359.50 726.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 403.76 726.75 Td (and ) Tj ET Q q 0 0 0 rg BT 420.24 726.75 Td (related ) Tj ET Q q 0 0 0 rg BT 449.49 726.75 Td (notes. ) Tj ET Q q 0 0 0 rg BT 474.99 726.75 Td (W) Tj ET Q q 0 0 0 rg BT 483.63 726.75 Td (e ) Tj ET Q q 0 0 0 rg BT 490.11 726.75 Td (base ) Tj ET Q q 0 0 0 rg BT 509.93 726.75 Td (our ) Tj ET Q q 0 0 0 rg BT 525.30 726.75 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.75 Td (on ) Tj ET Q q 0 0 0 rg BT 63.02 714.75 Td (historical ) Tj ET Q q 0 0 0 rg BT 103.75 714.75 Td (experience ) Tj ET Q q 0 0 0 rg BT 150.57 714.75 Td (and ) Tj ET Q q 0 0 0 rg BT 168.53 714.75 Td (on ) Tj ET Q q 0 0 0 rg BT 182.05 714.75 Td (various ) Tj ET Q q 0 0 0 rg BT 215.01 714.75 Td (other ) Tj ET Q q 0 0 0 rg BT 239.07 714.75 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 292.04 714.75 Td (that ) Tj ET Q q 0 0 0 rg BT 310.56 714.75 Td (are ) Tj ET Q q 0 0 0 rg BT 326.28 714.75 Td (believed ) Tj ET Q q 0 0 0 rg BT 363.67 714.75 Td (to ) Tj ET Q q 0 0 0 rg BT 374.97 714.75 Td (be ) Tj ET Q q 0 0 0 rg BT 387.93 714.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 434.20 714.75 Td (under ) Tj ET Q q 0 0 0 rg BT 460.49 714.75 Td (the ) Tj ET Q q 0 0 0 rg BT 476.23 714.75 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 538.63 714.75 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 89.04 702.75 Td (form ) Tj ET Q q 0 0 0 rg BT 110.80 702.75 Td (the ) Tj ET Q q 0 0 0 rg BT 125.34 702.75 Td (basis ) Tj ET Q q 0 0 0 rg BT 147.66 702.75 Td (for ) Tj ET Q q 0 0 0 rg BT 161.65 702.75 Td (making ) Tj ET Q q 0 0 0 rg BT 193.97 702.75 Td (judgments ) Tj ET Q q 0 0 0 rg BT 237.96 702.75 Td (about ) Tj ET Q q 0 0 0 rg BT 262.50 702.75 Td (the ) Tj ET Q q 0 0 0 rg BT 277.04 702.75 Td (carrying ) Tj ET Q q 0 0 0 rg BT 312.68 702.75 Td (value ) Tj ET Q q 0 0 0 rg BT 336.66 702.75 Td (of ) Tj ET Q q 0 0 0 rg BT 347.31 702.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 372.97 702.75 Td (and ) Tj ET Q q 0 0 0 rg BT 389.73 702.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 429.27 702.75 Td (that ) Tj ET Q q 0 0 0 rg BT 446.59 702.75 Td (are ) Tj ET Q q 0 0 0 rg BT 461.12 702.75 Td (not ) Tj ET Q q 0 0 0 rg BT 476.22 702.75 Td (readily ) Tj ET Q q 0 0 0 rg BT 506.31 702.75 Td (apparent ) Tj ET Q q 0 0 0 rg BT 543.06 702.75 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.75 Td (other ) Tj ET Q q 0 0 0 rg BT 72.08 690.75 Td (sources. ) Tj ET Q q 0 0 0 rg BT 106.60 690.75 Td (Many ) Tj ET Q q 0 0 0 rg BT 131.97 690.75 Td (of ) Tj ET Q q 0 0 0 rg BT 142.33 690.75 Td (our ) Tj ET Q q 0 0 0 rg BT 157.69 690.75 Td (critical ) Tj ET Q q 0 0 0 rg BT 187.48 690.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 233.39 690.75 Td (policies ) Tj ET Q q 0 0 0 rg BT 266.52 690.75 Td (are ) Tj ET Q q 0 0 0 rg BT 280.76 690.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 311.12 690.75 Td (to ) Tj ET Q q 0 0 0 rg BT 320.93 690.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 365.18 690.75 Td (judgments ) Tj ET Q q 0 0 0 rg BT 408.87 690.75 Td (and ) Tj ET Q q 0 0 0 rg BT 425.35 690.75 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 478.47 690.75 Td (that ) Tj ET Q q 0 0 0 rg BT 495.50 690.75 Td (could ) Tj ET Q q 0 0 0 rg BT 519.74 690.75 Td (potentially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.75 Td (result ) Tj ET Q q 0 0 0 rg BT 74.16 678.75 Td (in ) Tj ET Q q 0 0 0 rg BT 84.38 678.75 Td (materially ) Tj ET Q q 0 0 0 rg BT 127.36 678.75 Td (dif) Tj ET Q q 0 0 0 rg BT 138.29 678.75 Td (ferent ) Tj ET Q q 0 0 0 rg BT 164.05 678.75 Td (results ) Tj ET Q q 0 0 0 rg BT 192.60 678.75 Td (under ) Tj ET Q q 0 0 0 rg BT 217.81 678.75 Td (dif) Tj ET Q q 0 0 0 rg BT 228.74 678.75 Td (ferent ) Tj ET Q q 0 0 0 rg BT 254.50 678.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 298.60 678.75 Td (and ) Tj ET Q q 0 0 0 rg BT 315.48 678.75 Td (assumptions. ) Tj ET Q q 0 0 0 rg BT 369.88 678.75 Td (Future ) Tj ET Q q 0 0 0 rg BT 398.43 678.75 Td (events ) Tj ET Q q 0 0 0 rg BT 426.42 678.75 Td (rarely ) Tj ET Q q 0 0 0 rg BT 452.18 678.75 Td (develop ) Tj ET Q q 0 0 0 rg BT 486.27 678.75 Td (exactly ) Tj ET Q q 0 0 0 rg BT 517.59 678.75 Td (as ) Tj ET Q q 0 0 0 rg BT 528.36 678.75 Td (forecast, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 666.75 Td (the ) Tj ET Q q 0 0 0 rg BT 81.16 666.75 Td (best ) Tj ET Q q 0 0 0 rg BT 99.76 666.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 139.48 666.75 Td (routinely ) Tj ET Q q 0 0 0 rg BT 178.08 666.75 Td (require ) Tj ET Q q 0 0 0 rg BT 208.89 666.75 Td (adjustment.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 644.25 m 50 624.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 644.25 m 226 644.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 644.25 m 234 644.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 644.25 m 234 624.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 644.25 m 389 644.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 644.25 m 397 644.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 644.25 m 397 624.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553 644.25 m 553 624.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 644.25 m 553 644.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 624.25 m 50 311.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 624.25 m 226 624.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 624.25 m 234 624.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 624.25 m 234 311.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 624.25 m 389 624.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 624.25 m 397 624.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 624.25 m 397 311.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553 624.25 m 553 311.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 624.25 m 553 624.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 311.25 m 50 207.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 311.25 m 226 311.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 207.25 m 226 207.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 311.25 m 234 311.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 207.25 m 234 207.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 311.25 m 234 207.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 311.25 m 389 311.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 207.25 m 389 207.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 311.25 m 397 207.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 311.25 m 397 311.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 207.25 m 397 207.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553 311.25 m 553 207.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 311.25 m 553 311.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 207.25 m 553 207.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 38.25 m 50 37.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 37.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 37.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 38.25 m 234 37.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 37.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 38.25 m 397 37.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 37.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553 38.25 m 553 37.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 37.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 37.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 37.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 37.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553 37.75 m BT /F2 9.00 Tf ET q 0 0 0 rg BT 125.75 628.70 Td (Policy) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 228.50 628.71 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 262.70 628.70 Td (Judgments and estimates) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.50 628.71 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.65 635.65 Td (Effect if actual r) Tj ET Q q 0 0 0 rg BT 483.21 635.65 Td (esults differ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.20 626.70 Td (fr) Tj ET Q q 0 0 0 rg BT 447.03 626.70 Td (om assumptions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 614.98 Td (Revenue and Expense Recognition ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 604.98 Td (\(Construction Contracts\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 594.82 Td (Construction contracts are typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 584.82 Td (signed in conjunction with agreements to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 574.82 Td (operate a newly constructed project. Upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 564.82 Td (completion of the construction element of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 554.82 Td (these contracts, we recognize service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 544.82 Td (revenue over the term of the service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 534.82 Td (element of the contract.) Tj ET Q BT /F1 5.00 Tf ET q 0 0 0 rg BT 52.50 528.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 519.82 Td (Revenue under existing fixed-price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 509.82 Td (construction contracts are recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 499.82 Td (using the percentage-of-completion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 489.82 Td (method, measured by the cost-to-cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 479.82 Td (method.) Tj ET Q BT /F1 5.00 Tf ET q 0 0 0 rg BT 52.50 473.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 464.82 Td (If we enter new contracts that contain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 454.82 Td (multiple element arrangements, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 444.82 Td (revenue will be allocated between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 434.82 Td (construction revenue and other project ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 424.82 Td (revenue \(waste disposal revenue and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 414.82 Td (electricity and steam sales\) based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 404.82 Td (relative fair value of each element ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 394.82 Td (provided the delivered elements have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 384.82 Td (value to customers on a standalone basis. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 374.82 Td (Amounts allocated to each element are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 364.82 Td (based on its objectively determined fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 354.82 Td (value, such as the sales price for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 344.82 Td (product or service when it is sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 334.82 Td (separately or competitor prices for similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 324.82 Td (products or services.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 316.20 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.50 616.20 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 236.50 615.51 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 605.82 Td (W) Tj ET Q q 0 0 0 rg BT 245.14 605.82 Td (e estimate our total construction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 595.82 Td (costs for the contract throughout the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 585.82 Td (project. ) Tj ET Q q 0 0 0 rg BT 268.71 585.82 Td (As the project progresses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 575.82 Td (revisions to our estimated costs may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 565.82 Td (be necessary) Tj ET Q q 0 0 0 rg BT 286.66 565.82 Td (.) Tj ET Q BT /F1 5.00 Tf ET q 0 0 0 rg BT 236.50 559.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 550.82 Td (Given the unique nature of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 540.82 Td (business, we are likely to use our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 530.82 Td (best estimate of selling price in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 520.82 Td (allocating revenue between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 510.82 Td (construction, and other project ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 500.82 Td (revenue \(waste and service revenue, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 490.82 Td (and electricity and steam sales\). ) Tj ET Q q 0 0 0 rg BT 366.27 490.82 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 480.82 Td (allocation would be performed at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 470.82 Td (inception of the new contracts and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 460.82 Td (when a material modification occurs.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.50 616.20 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.50 615.51 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 605.82 Td (If a revision to our estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 595.82 Td (construction costs is required, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 585.82 Td (amount of revenue and the related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 575.82 Td (operating income recognized will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 565.82 Td (also fluctuate.) Tj ET Q BT /F1 5.00 Tf ET q 0 0 0 rg BT 399.50 559.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 550.82 Td (The allocation of revenue will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 540.82 Td (impact the timing of revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 530.82 Td (recognized for each unit, where the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 520.82 Td (amount allocated to construction will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 510.82 Td (be recognized in earlier periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 500.82 Td (followed by the remainder over the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 490.82 Td (service period. ) Tj ET Q q 0 0 0 rg BT 460.31 490.82 Td (Any subsequent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 480.82 Td (modification to the contracts that are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 470.82 Td (considered material could result in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 460.82 Td (change in the amount and timing of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 450.82 Td (revenue to be recognized.) Tj ET Q BT /F1 2.00 Tf ET q 0 0 0 rg BT 52.50 307.36 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 299.98 Td (Pur) Tj ET Q q 0 0 0 rg BT 68.43 299.98 Td (chase ) Tj ET Q q 0 0 0 rg BT 93.71 299.98 Td (Accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 289.82 Td (W) Tj ET Q q 0 0 0 rg BT 61.14 289.82 Td (e allocate acquisition purchase prices to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 279.82 Td (identified tangible and intangible assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 269.82 Td (acquired and liabilities assumed based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 259.82 Td (their estimated fair values at the dates of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 249.82 Td (acquisition, with any residual amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 239.82 Td (allocated to goodwill. ) Tj ET Q q 0 0 0 rg BT 141.74 239.82 Td (The fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 229.82 Td (estimates used reflect our best estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 219.82 Td (for the highest and best use by market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 209.87 Td (participants.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 101.65 209.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.50 211.92 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 236.50 301.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 290.82 Td (These estimates are subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 280.82 Td (uncertainties and contingencies. For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 270.82 Td (example, we used the discounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 260.82 Td (cash flow method to estimate the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 250.82 Td (value of many of our assets, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 240.82 Td (entailed developing projections of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 230.82 Td (future cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 211.92 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 399.50 301.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 290.82 Td (If the cash flows from the acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 280.82 Td (net assets dif) Tj ET Q q 0 0 0 rg BT 450.97 280.82 Td (fer significantly from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 270.82 Td (our estimates, the amounts recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 260.82 Td (could be subject to impairments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 250.82 Td (Furthermore, to the extent we change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 240.82 Td (our initial estimates of the remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 230.82 Td (useful life of the assets or liabilities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 220.82 Td (future depreciation and amortization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 210.82 Td (expense could be impacted.) Tj ET Q endstream endobj 117 0 obj <>] /Rotate 0 /Contents 118 0 R>> endobj 118 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 20.10 Td (58) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 759 m 50 737 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 737 m 226 737 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 737 m 234 737 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 759 m 234 737 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 737 m 389 737 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 759 m 397 737 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 737 m 397 737 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553 759 m 553 737 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 737 m 553 737 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 737 m 50 432 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 737 m 234 432 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 737 m 397 432 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553 737 m 553 432 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 432 m 50 143 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 432 m 226 432 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 143 m 226 143 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 432 m 234 432 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 143 m 234 143 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 432 m 234 143 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 432 m 389 432 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 143 m 389 143 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 432 m 397 432 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 143 m 397 143 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 432 m 397 143 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553 432 m 553 143 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 432 m 553 432 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 143 m 553 143 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 125.75 741.45 Td (Policy) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 228.50 741.46 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 262.70 741.45 Td (Judgments and estimates) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.50 741.46 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.65 750.40 Td (Effect if actual results differ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.20 741.40 Td (from assumptions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 727.73 Td (Long-lived ) Tj ET Q q 0 0 0 rg BT 100.57 727.73 Td (Assets and Intangible ) Tj ET Q q 0 0 0 rg BT 194.20 727.73 Td (Assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 717.57 Td (Our long-lived assets include property) Tj ET Q q 0 0 0 rg BT 205.15 717.57 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 707.57 Td (plant and equipment; waste, service and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 697.57 Td (ener) Tj ET Q q 0 0 0 rg BT 69.53 697.57 Td (gy contracts; amortizable intangible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 687.57 Td (assets; and other assets. ) Tj ET Q q 0 0 0 rg BT 149.24 687.57 Td (W) Tj ET Q q 0 0 0 rg BT 157.88 687.57 Td (e evaluate the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 677.57 Td (recoverability of the long-lived assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 667.57 Td (when there are indicators of possible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 657.57 Td (impairment. Such indicators may include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 647.57 Td (a decline in market, new regulation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 637.57 Td (recurring or expected operating losses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 627.57 Td (change in business strategy) Tj ET Q q 0 0 0 rg BT 160.99 627.57 Td (, or other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 617.57 Td (changes that would impact the use or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 607.57 Td (benefit received from the assets. ) Tj ET Q q 0 0 0 rg BT 183.93 607.57 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 597.57 Td (assessment is performed by grouping the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 587.57 Td (long-lived assets at the lowest level of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 577.57 Td (identifiable cash flows for the related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 567.57 Td (assets or group of assets \(such as the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 557.57 Td (facility level\). Initially the carrying value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 547.57 Td (of the asset or asset group is compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 537.57 Td (its undiscounted expected future cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 527.57 Td (flows. If the carrying value is in excess of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 517.57 Td (the undiscounted cash flows, the carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 507.57 Td (value is then compared to the fair value. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 497.57 Td (Fair value may be estimated based upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 487.57 Td (the discounted cash flows, market or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 477.57 Td (replacement cost methods based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 467.57 Td (assumptions of a third-party market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 457.57 Td (participant. Impairment is recognized if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 447.57 Td (the fair value is less than the carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 437.57 Td (value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 727.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 717.57 Td (Our judgments regarding the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 707.57 Td (existence of impairment indicators) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 697.57 Td (are based on regulatory factors,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 687.57 Td (market conditions, anticipated cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 677.57 Td (flows and operational performance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 667.57 Td (of our assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 657.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 647.57 Td (When determining the fair value of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 637.57 Td (our asset groupings and intangible) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 627.57 Td (assets for impairment assessments,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 617.57 Td (we make assumptions regarding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 607.57 Td (their fair values which are dependent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 597.57 Td (on estimates of future cash flows,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 587.57 Td (discount rates, and other factors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 727.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 717.57 Td (Future events or change in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 707.57 Td (circumstances may occur that require) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 697.57 Td (another assessment in future periods) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 687.57 Td (based on cash flows and discount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 677.57 Td (rates in effect at that time.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 422.73 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 412.57 Td (As of December31, 2016, we had $302 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 402.57 Td (million of goodwill recorded in our North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 392.57 Td (America reportable segment, which is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 382.57 Td (comprised of two reporting units \(see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 372.56 Td (Note 8. Other Intangible ) Tj ET Q q 0 0 0 rg BT 153.14 372.56 Td (Assets and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 362.56 Td (Goodwill\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.06 362.56 Td (W) Tj ET Q q 0 0 0 rg BT 106.69 362.56 Td (e evaluate our goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 352.57 Td (annually and when indications of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 342.57 Td (impairment exist.) Tj ET Q BT /F1 5.00 Tf ET q 0 0 0 rg BT 52.50 336.03 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 327.57 Td (W) Tj ET Q q 0 0 0 rg BT 61.14 327.57 Td (e have the option to perform our initial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 317.57 Td (assessment over the possible impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 307.57 Td (of goodwill either qualitatively or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 297.57 Td (quantitatively) Tj ET Q q 0 0 0 rg BT 106.84 297.57 Td (. Under the qualitative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 287.57 Td (assessment, consideration is given to both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 277.57 Td (external factors \(including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 267.57 Td (macroeconomic and industry conditions\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 257.57 Td (and our own internal factors \(including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 247.57 Td (internal costs, recent financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 237.57 Td (performance, management, business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 227.57 Td (strategy) Tj ET Q q 0 0 0 rg BT 83.51 227.57 Td (, customers, and stock price\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 217.57 Td (During the fourth quarter of 2016 we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 207.57 Td (performed the required annual impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 197.57 Td (review of our recorded goodwill. ) Tj ET Q q 0 0 0 rg BT 186.72 197.57 Td (W) Tj ET Q q 0 0 0 rg BT 195.36 197.57 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 187.57 Td (determined that there was no indication of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 177.57 Td (impairment as the fair value of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 167.57 Td (reporting units exceeded their carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 157.57 Td (values. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.50 147.67 Td () Tj ET Q BT /F1 17.00 Tf ET q 0 0 0 rg BT 236.50 417.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 236.50 411.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 404.57 Td (Our judgments regarding the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 394.57 Td (existence of impairment indicators ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 384.57 Td (are based on regulatory factors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 374.57 Td (market conditions, anticipated cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 364.57 Td (flows and operational performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 354.57 Td (of our assets.) Tj ET Q BT /F1 5.00 Tf ET q 0 0 0 rg BT 236.50 348.03 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 339.57 Td (When determining the fair value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 329.57 Td (our reporting unit for impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 319.57 Td (assessments, we make assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 309.57 Td (regarding the fair value which is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 299.57 Td (dependent on estimates of future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 289.57 Td (cash flows, discount rates, and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 279.57 Td (factors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 147.67 Td () Tj ET Q BT /F1 17.00 Tf ET q 0 0 0 rg BT 399.50 417.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 399.50 411.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 404.57 Td (The impairment assessment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 394.57 Td (goodwill performed in the periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 384.57 Td (presented resulted in the conclusion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 374.57 Td (that the fair value was not less than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 364.57 Td (the carrying value.) Tj ET Q BT /F1 5.00 Tf ET q 0 0 0 rg BT 399.50 358.03 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 349.57 Td (In future years, if there is a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 339.57 Td (significant change in the estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 329.57 Td (cash flows, discount rates or other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 319.57 Td (factors that cause the fair values to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 309.57 Td (significantly decrease, there could be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 299.57 Td (impairments which could materially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 289.57 Td (impact our results of operations. ) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 119 0 obj <>] /Rotate 0 /Contents 120 0 R>> endobj 120 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 20.10 Td (59) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 760 m 53.5 739 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 760 m 230.5 760 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 760 m 238.5 760 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 760 m 238.5 739 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 760 m 393.5 760 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 760 m 401.5 739 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 760 m 401.5 760 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.5 760 m 557.5 739 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 760 m 557.5 760 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 739 m 53.5 542 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 739 m 230.5 739 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 739 m 238.5 739 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 739 m 238.5 542 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 739 m 393.5 739 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 739 m 401.5 739 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 739 m 401.5 542 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.5 739 m 557.5 542 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 739 m 557.5 739 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 542 m 557.5 542 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 542 m 53.5 307 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 542 m 230.5 542 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 307 m 230.5 307 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 542 m 238.5 542 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 307 m 238.5 307 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 542 m 238.5 307 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 542 m 393.5 542 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 307 m 393.5 307 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 542 m 401.5 542 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 307 m 401.5 307 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 542 m 401.5 307 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.5 542 m 557.5 307 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 307 m 557.5 307 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 129.75 743.45 Td (Policy) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 234.00 743.46 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 267.20 743.45 Td (Judgments and estimates) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.00 743.46 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.15 751.40 Td (Effect if actual r) Tj ET Q q 0 0 0 rg BT 487.71 751.40 Td (esults differ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 444.70 742.40 Td (fr) Tj ET Q q 0 0 0 rg BT 451.53 742.40 Td (om assumptions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 729.57 Td (I) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.33 729.57 Td (nsurance Reserves and Self-Insurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 56.00 719.73 Td (for) Tj ET Q q 0 0 0 rg BT 68.59 719.73 Td ( Employee Benefit Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 709.57 Td (W) Tj ET Q q 0 0 0 rg BT 64.64 709.57 Td (e retain a substantial portion of the risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 699.57 Td (related to certain general liability) Tj ET Q q 0 0 0 rg BT 188.07 699.57 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 689.57 Td (workers) Tj ET Q q 0 0 0 rg BT 90.80 689.57 Td ( compensation and medical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 679.57 Td (claims. However) Tj ET Q q 0 0 0 rg BT 123.35 679.57 Td (, we maintain stop-loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 669.57 Td (coverage to limit the exposure related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 659.57 Td (employee benefit plans and liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 649.57 Td (insurance over retained risks. Liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 639.57 Td (associated with these losses include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 629.57 Td (estimates of both claims filed and losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 619.57 Td (incurred but not yet reported \("IBNR"\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 609.57 Td (W) Tj ET Q q 0 0 0 rg BT 64.64 609.57 Td (e use actuarial methods which consider ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 599.57 Td (a number of factors to estimate our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 589.57 Td (ultimate cost of losses. Our insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 579.57 Td (reserves and medical liability accrual was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 569.57 Td ($16 million and $14million as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 559.57 Td (December31, 2016 and 2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 549.57 Td (respectively) Tj ET Q q 0 0 0 rg BT 103.66 549.57 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.00 730.95 Td () Tj ET Q BT /F1 18.00 Tf ET q 0 0 0 rg BT 241.00 724.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 711.57 Td (W) Tj ET Q q 0 0 0 rg BT 249.64 711.57 Td (e believe that the amounts accrued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 701.57 Td (are adequate; however) Tj ET Q q 0 0 0 rg BT 330.55 701.57 Td (, our liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 691.57 Td (could be significantly af) Tj ET Q q 0 0 0 rg BT 337.73 691.57 Td (fected if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 681.57 Td (future occurrences or loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 671.57 Td (developments dif) Tj ET Q q 0 0 0 rg BT 309.97 671.57 Td (fer from our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 661.57 Td (estimates of both claims filed and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 651.57 Td (losses incurred but not yet reported.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.00 730.95 Td () Tj ET Q BT /F1 18.00 Tf ET q 0 0 0 rg BT 404.00 724.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.00 711.57 Td (A) Tj ET Q q 0 0 0 rg BT 410.67 711.57 Td ( 1% change in average claim costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.00 701.57 Td (would impact our self-insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.00 691.57 Td (expense by less than $1million.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 56.00 532.73 Td (Deferr) Tj ET Q q 0 0 0 rg BT 84.13 532.73 Td (ed ) Tj ET Q q 0 0 0 rg BT 96.44 532.73 Td (T) Tj ET Q q 0 0 0 rg BT 102.20 532.73 Td (ax ) Tj ET Q q 0 0 0 rg BT 114.14 532.73 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 522.57 Td (As described in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.71 522.57 Td (Item8. Financial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 56.00 512.56 Td (Statements ) Tj ET Q q 0 0 0 rg BT 101.64 512.56 Td (And Supplementary Data ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 56.00 502.56 Td (Note15. Income T) Tj ET Q q 0 0 0 rg BT 128.96 502.56 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.73 502.56 Td (, we have recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 492.57 Td (a deferred tax asset related to our NOLs.) Tj ET Q BT /F1 5.00 Tf ET q 0 0 0 rg BT 56.00 486.03 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 477.57 Td (The NOLs will expire in various amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 467.57 Td (beginning on December31, 2028 through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 457.57 Td (December31, 2033, if not used.) Tj ET Q BT /F1 5.00 Tf ET q 0 0 0 rg BT 56.00 451.03 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 442.57 Td (Deferred tax assets are reduced by a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 432.57 Td (valuation allowance if, based on available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 422.57 Td (evidence, it is more likely than not that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 412.57 Td (some portion or all of the deferred tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 402.57 Td (assets will not be realized.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.00 533.95 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 532.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 522.57 Td (We estimated that we had gross) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 512.57 Td (NOLs of approximately $288) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 502.57 Td (million for federal income tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 492.57 Td (purposes and $291million for state) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 482.57 Td (income tax purposes as of the end of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 472.57 Td (2016. We also estimated our tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 462.57 Td (credits as approximately $54 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 452.57 Td (and our deferred tax assets are offset) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 442.57 Td (by a valuation allowance of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 432.57 Td (approximately $71 million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 422.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 412.57 Td (The amount recorded was calculated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 402.57 Td (based upon future taxable income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 392.57 Td (arising from \(a\) the reversal of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 382.57 Td (temporary differences during the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 372.57 Td (period the NOLs are available and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 362.57 Td (\(b\) future operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 352.57 Td (expected, to the extent it is) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 342.57 Td (reasonably predictable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 332.57 Td (Judgment is involved in assessing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 322.57 Td (whether a valuation allowance is) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 312.57 Td (required on our deferred tax assets.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.00 533.95 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.00 532.57 Td (T) Tj ET Q q 0 0 0 rg BT 409.41 532.57 Td (o the extent our estimation of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.00 522.57 Td (reversal of temporary dif) Tj ET Q q 0 0 0 rg BT 503.50 522.57 Td (ferences and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.00 512.57 Td (operating income generated dif) Tj ET Q q 0 0 0 rg BT 528.49 512.57 Td (fers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.00 502.57 Td (from actual results, we could be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.00 492.57 Td (required to adjust the carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.00 482.57 Td (amount of the deferred tax assets.) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 277.50 Td (RECENT) Tj ET Q q 0 0 0 rg BT 91.49 277.50 Td ( ) Tj ET Q q 0 0 0 rg BT 93.44 277.50 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 165.39 277.50 Td (PRONOUNCEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 259.50 Td (See ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 76.40 259.50 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 107.13 259.50 Td (Financial ) Tj ET Q q 0 0 0 rg BT 148.97 259.50 Td (Statements ) Tj ET Q q 0 0 0 rg BT 195.04 259.50 Td (And ) Tj ET Q q 0 0 0 rg BT 214.10 259.50 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 277.05 259.50 Td (Data ) Tj ET Q q 0 0 0 rg BT 311.40 259.50 Td (Note2. ) Tj ET Q q 0 0 0 rg BT 343.24 259.50 Td (Recent ) Tj ET Q q 0 0 0 rg BT 373.19 259.50 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 421.69 259.50 Td (Pr) Tj ET Q q 0 0 0 rg BT 431.32 259.50 Td (onouncements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.53 259.50 Td ( ) Tj ET Q q 0 0 0 rg BT 491.49 259.50 Td (for ) Tj ET Q q 0 0 0 rg BT 506.11 259.50 Td (a ) Tj ET Q q 0 0 0 rg BT 513.50 259.50 Td (summary ) Tj ET Q q 0 0 0 rg BT 553.68 259.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.50 Td (new ) Tj ET Q q 0 0 0 rg BT 69.16 247.50 Td (accounting ) Tj ET Q q 0 0 0 rg BT 115.53 247.50 Td (pronouncements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 229.50 Td (Item7A.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 87.21 229.50 Td (QUANTIT) Tj ET Q q 0 0 0 rg BT 133.60 229.50 Td (A) Tj ET Q q 0 0 0 rg BT 139.72 229.50 Td (TIVE ) Tj ET Q q 0 0 0 rg BT 165.19 229.50 Td (AND ) Tj ET Q q 0 0 0 rg BT 188.80 229.50 Td (QUALIT) Tj ET Q q 0 0 0 rg BT 225.47 229.50 Td (A) Tj ET Q q 0 0 0 rg BT 231.59 229.50 Td (TIVE ) Tj ET Q q 0 0 0 rg BT 257.43 229.50 Td (DISCLOSURES ) Tj ET Q q 0 0 0 rg BT 327.92 229.50 Td (ABOUT ) Tj ET Q q 0 0 0 rg BT 364.31 229.50 Td (MARKET ) Tj ET Q q 0 0 0 rg BT 408.49 229.50 Td (RISK) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 211.50 Td (In ) Tj ET Q q 0 0 0 rg BT 69.53 211.50 Td (the ) Tj ET Q q 0 0 0 rg BT 83.94 211.50 Td (normal ) Tj ET Q q 0 0 0 rg BT 114.47 211.50 Td (course ) Tj ET Q q 0 0 0 rg BT 142.77 211.50 Td (of ) Tj ET Q q 0 0 0 rg BT 153.29 211.50 Td (business, ) Tj ET Q q 0 0 0 rg BT 191.88 211.50 Td (our ) Tj ET Q q 0 0 0 rg BT 207.41 211.50 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 256.83 211.50 Td (are ) Tj ET Q q 0 0 0 rg BT 271.23 211.50 Td (party ) Tj ET Q q 0 0 0 rg BT 293.98 211.50 Td (to ) Tj ET Q q 0 0 0 rg BT 303.96 211.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 341.14 211.50 Td (instruments ) Tj ET Q q 0 0 0 rg BT 390.00 211.50 Td (that ) Tj ET Q q 0 0 0 rg BT 407.19 211.50 Td (are ) Tj ET Q q 0 0 0 rg BT 421.60 211.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 452.12 211.50 Td (to ) Tj ET Q q 0 0 0 rg BT 462.10 211.50 Td (market ) Tj ET Q q 0 0 0 rg BT 492.06 211.50 Td (risks ) Tj ET Q q 0 0 0 rg BT 513.15 211.50 Td (arising ) Tj ET Q q 0 0 0 rg BT 542.57 211.50 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.50 Td (changes ) Tj ET Q q 0 0 0 rg BT 85.05 199.50 Td (in ) Tj ET Q q 0 0 0 rg BT 95.68 199.50 Td (commodity ) Tj ET Q q 0 0 0 rg BT 144.07 199.50 Td (prices, ) Tj ET Q q 0 0 0 rg BT 173.30 199.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 205.58 199.50 Td (rates, ) Tj ET Q q 0 0 0 rg BT 229.80 199.50 Td (foreign ) Tj ET Q q 0 0 0 rg BT 261.52 199.50 Td (currency ) Tj ET Q q 0 0 0 rg BT 299.34 199.50 Td (exchange ) Tj ET Q q 0 0 0 rg BT 339.94 199.50 Td (rates, ) Tj ET Q q 0 0 0 rg BT 364.17 199.50 Td (and ) Tj ET Q q 0 0 0 rg BT 381.45 199.50 Td (derivative ) Tj ET Q q 0 0 0 rg BT 424.28 199.50 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 476.29 199.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 494.68 199.50 Td (use ) Tj ET Q q 0 0 0 rg BT 510.86 199.50 Td (of ) Tj ET Q q 0 0 0 rg BT 522.04 199.50 Td (derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.50 Td (instruments ) Tj ET Q q 0 0 0 rg BT 99.03 187.50 Td (is ) Tj ET Q q 0 0 0 rg BT 108.06 187.50 Td (very ) Tj ET Q q 0 0 0 rg BT 128.20 187.50 Td (limited ) Tj ET Q q 0 0 0 rg BT 158.89 187.50 Td (and ) Tj ET Q q 0 0 0 rg BT 175.70 187.50 Td (we ) Tj ET Q q 0 0 0 rg BT 189.72 187.50 Td (do ) Tj ET Q q 0 0 0 rg BT 202.09 187.50 Td (not ) Tj ET Q q 0 0 0 rg BT 217.23 187.50 Td (enter ) Tj ET Q q 0 0 0 rg BT 239.58 187.50 Td (into ) Tj ET Q q 0 0 0 rg BT 257.50 187.50 Td (derivative ) Tj ET Q q 0 0 0 rg BT 299.85 187.50 Td (instruments ) Tj ET Q q 0 0 0 rg BT 348.88 187.50 Td (for ) Tj ET Q q 0 0 0 rg BT 362.90 187.50 Td (trading ) Tj ET Q q 0 0 0 rg BT 393.59 187.50 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 433.84 187.50 Td (The ) Tj ET Q q 0 0 0 rg BT 451.75 187.50 Td (following ) Tj ET Q q 0 0 0 rg BT 493.00 187.50 Td (analysis ) Tj ET Q q 0 0 0 rg BT 527.58 187.50 Td (provides ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.50 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 99.30 175.50 Td (information ) Tj ET Q q 0 0 0 rg BT 148.61 175.50 Td (regarding ) Tj ET Q q 0 0 0 rg BT 189.02 175.50 Td (our ) Tj ET Q q 0 0 0 rg BT 204.44 175.50 Td (exposure ) Tj ET Q q 0 0 0 rg BT 242.63 175.50 Td (to ) Tj ET Q q 0 0 0 rg BT 252.50 175.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 289.58 175.50 Td (instruments ) Tj ET Q q 0 0 0 rg BT 338.34 175.50 Td (with ) Tj ET Q q 0 0 0 rg BT 358.21 175.50 Td (market ) Tj ET Q q 0 0 0 rg BT 388.07 175.50 Td (risks. ) Tj ET Q q 0 0 0 rg BT 411.40 175.50 Td (W) Tj ET Q q 0 0 0 rg BT 420.04 175.50 Td (e ) Tj ET Q q 0 0 0 rg BT 426.57 175.50 Td (use ) Tj ET Q q 0 0 0 rg BT 441.99 175.50 Td (a ) Tj ET Q q 0 0 0 rg BT 448.53 175.50 Td (sensitivity ) Tj ET Q q 0 0 0 rg BT 491.73 175.50 Td (model ) Tj ET Q q 0 0 0 rg BT 518.82 175.50 Td (to ) Tj ET Q q 0 0 0 rg BT 528.69 175.50 Td (evaluate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.50 Td (the ) Tj ET Q q 0 0 0 rg BT 65.21 163.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 82.08 163.50 Td (value ) Tj ET Q q 0 0 0 rg BT 106.73 163.50 Td (or ) Tj ET Q q 0 0 0 rg BT 118.05 163.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 138.81 163.50 Td (flows ) Tj ET Q q 0 0 0 rg BT 164.02 163.50 Td (of ) Tj ET Q q 0 0 0 rg BT 175.34 163.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 213.32 163.50 Td (instruments ) Tj ET Q q 0 0 0 rg BT 262.97 163.50 Td (with ) Tj ET Q q 0 0 0 rg BT 283.75 163.50 Td (exposure ) Tj ET Q q 0 0 0 rg BT 322.84 163.50 Td (to ) Tj ET Q q 0 0 0 rg BT 333.61 163.50 Td (market ) Tj ET Q q 0 0 0 rg BT 364.36 163.50 Td (risk ) Tj ET Q q 0 0 0 rg BT 382.35 163.50 Td (that ) Tj ET Q q 0 0 0 rg BT 400.34 163.50 Td (assumes ) Tj ET Q q 0 0 0 rg BT 436.66 163.50 Td (instantaneous, ) Tj ET Q q 0 0 0 rg BT 496.59 163.50 Td (parallel ) Tj ET Q q 0 0 0 rg BT 529.56 163.50 Td (shifts ) Tj ET Q q 0 0 0 rg BT 554.22 163.50 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.50 Td (exchange ) Tj ET Q q 0 0 0 rg BT 90.02 151.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 111.16 151.50 Td (and ) Tj ET Q q 0 0 0 rg BT 127.86 151.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 159.56 151.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 176.80 151.50 Td (yield ) Tj ET Q q 0 0 0 rg BT 199.06 151.50 Td (curves. ) Tj ET Q q 0 0 0 rg BT 229.76 151.50 Td (There ) Tj ET Q q 0 0 0 rg BT 255.34 151.50 Td (are ) Tj ET Q q 0 0 0 rg BT 269.81 151.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 299.27 151.50 Td (limitations ) Tj ET Q q 0 0 0 rg BT 344.32 151.50 Td (inherent ) Tj ET Q q 0 0 0 rg BT 379.34 151.50 Td (in ) Tj ET Q q 0 0 0 rg BT 389.38 151.50 Td (the ) Tj ET Q q 0 0 0 rg BT 403.86 151.50 Td (sensitivity ) Tj ET Q q 0 0 0 rg BT 447.24 151.50 Td (analysis ) Tj ET Q q 0 0 0 rg BT 481.72 151.50 Td (presented, ) Tj ET Q q 0 0 0 rg BT 524.80 151.50 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.50 Td (due ) Tj ET Q q 0 0 0 rg BT 66.87 139.50 Td (to ) Tj ET Q q 0 0 0 rg BT 77.08 139.50 Td (the ) Tj ET Q q 0 0 0 rg BT 91.72 139.50 Td (assumption ) Tj ET Q q 0 0 0 rg BT 139.71 139.50 Td (that ) Tj ET Q q 0 0 0 rg BT 157.13 139.50 Td (exchange ) Tj ET Q q 0 0 0 rg BT 197.31 139.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 218.62 139.50 Td (change ) Tj ET Q q 0 0 0 rg BT 249.37 139.50 Td (in ) Tj ET Q q 0 0 0 rg BT 259.57 139.50 Td (a ) Tj ET Q q 0 0 0 rg BT 266.44 139.50 Td (parallel ) Tj ET Q q 0 0 0 rg BT 298.85 139.50 Td (manner ) Tj ET Q q 0 0 0 rg BT 331.26 139.50 Td (and ) Tj ET Q q 0 0 0 rg BT 348.13 139.50 Td (that ) Tj ET Q q 0 0 0 rg BT 365.56 139.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 397.42 139.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 418.73 139.50 Td (change ) Tj ET Q q 0 0 0 rg BT 449.47 139.50 Td (instantaneously) Tj ET Q q 0 0 0 rg BT 511.03 139.50 Td (. ) Tj ET Q q 0 0 0 rg BT 515.96 139.50 Td (In ) Tj ET Q q 0 0 0 rg BT 526.72 139.50 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.50 Td (the ) Tj ET Q q 0 0 0 rg BT 65.47 127.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 82.60 127.50 Td (value ) Tj ET Q q 0 0 0 rg BT 107.51 127.50 Td (estimates ) Tj ET Q q 0 0 0 rg BT 147.98 127.50 Td (presented ) Tj ET Q q 0 0 0 rg BT 189.55 127.50 Td (herein ) Tj ET Q q 0 0 0 rg BT 217.79 127.50 Td (are ) Tj ET Q q 0 0 0 rg BT 233.25 127.50 Td (based ) Tj ET Q q 0 0 0 rg BT 259.27 127.50 Td (on ) Tj ET Q q 0 0 0 rg BT 272.53 127.50 Td (pertinent ) Tj ET Q q 0 0 0 rg BT 311.32 127.50 Td (information ) Tj ET Q q 0 0 0 rg BT 361.79 127.50 Td (available ) Tj ET Q q 0 0 0 rg BT 401.13 127.50 Td (to ) Tj ET Q q 0 0 0 rg BT 412.17 127.50 Td (us ) Tj ET Q q 0 0 0 rg BT 424.31 127.50 Td (as ) Tj ET Q q 0 0 0 rg BT 435.90 127.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.48 127.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 506.82 127.50 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.82 127.50 Td (. ) Tj ET Q q 0 0 0 rg BT 532.57 127.50 Td (Further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.50 Td (information ) Tj ET Q q 0 0 0 rg BT 99.38 115.50 Td (is ) Tj ET Q q 0 0 0 rg BT 108.21 115.50 Td (included ) Tj ET Q q 0 0 0 rg BT 144.80 115.50 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 154.75 115.50 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 184.68 115.50 Td (Financial ) Tj ET Q q 0 0 0 rg BT 225.72 115.50 Td (Statements ) Tj ET Q q 0 0 0 rg BT 271.05 115.50 Td (And ) Tj ET Q q 0 0 0 rg BT 289.33 115.50 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 351.47 115.50 Td (Data ) Tj ET Q q 0 0 0 rg BT 385.03 115.50 Td (Note12. ) Tj ET Q q 0 0 0 rg BT 421.08 115.50 Td (Financial ) Tj ET Q q 0 0 0 rg BT 462.12 115.50 Td (Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.35 115.50 Td ( ) Tj ET Q q 0 0 0 rg BT 511.51 115.50 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 528.11 115.50 Td (Note13. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 103.50 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 94.70 103.50 Td (Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.92 103.50 Td (.) Tj ET Q endstream endobj 121 0 obj <>] /Rotate 0 /Contents 122 0 R>> endobj 122 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (60) 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 50 740.68505859375 m 147.20703125 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 103.05 742.25 Td (Price ) Tj ET Q q 0 0 0 rg BT 127.75 742.25 Td (Risk) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 724.25 Td (Energy ) Tj ET Q q 0 0 0 rg BT 91.50 724.25 Td (Price ) Tj ET Q q 0 0 0 rg BT 115.66 724.25 Td (Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 706.25 Td (In ) Tj ET Q q 0 0 0 rg BT 69.97 706.25 Td (contrast ) Tj ET Q q 0 0 0 rg BT 104.27 706.25 Td (to ) Tj ET Q q 0 0 0 rg BT 114.69 706.25 Td (our ) Tj ET Q q 0 0 0 rg BT 130.66 706.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 156.07 706.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 191.48 706.25 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 242.16 706.25 Td (as ) Tj ET Q q 0 0 0 rg BT 253.13 706.25 Td (a ) Tj ET Q q 0 0 0 rg BT 260.21 706.25 Td (result ) Tj ET Q q 0 0 0 rg BT 285.06 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 296.04 706.25 Td (structural ) Tj ET Q q 0 0 0 rg BT 336.44 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 353.52 706.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 397.25 706.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 432.10 706.25 Td (in ) Tj ET Q q 0 0 0 rg BT 442.52 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 457.38 706.25 Td (ener) Tj ET Q q 0 0 0 rg BT 474.40 706.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 487.04 706.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 521.34 706.25 Td (over ) Tj ET Q q 0 0 0 rg BT 541.75 706.25 Td (time, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (we ) Tj ET Q q 0 0 0 rg BT 63.35 694.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 91.13 694.25 Td (that ) Tj ET Q q 0 0 0 rg BT 107.81 694.25 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 151.15 694.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 188.94 694.25 Td (for ) Tj ET Q q 0 0 0 rg BT 202.28 694.25 Td (ener) Tj ET Q q 0 0 0 rg BT 219.31 694.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 231.00 694.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 252.13 694.25 Td (will ) Tj ET Q q 0 0 0 rg BT 269.37 694.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 308.26 694.25 Td (be ) Tj ET Q q 0 0 0 rg BT 319.39 694.25 Td (less ) Tj ET Q q 0 0 0 rg BT 336.08 694.25 Td (available ) Tj ET Q q 0 0 0 rg BT 373.85 694.25 Td (than ) Tj ET Q q 0 0 0 rg BT 392.76 694.25 Td (in ) Tj ET Q q 0 0 0 rg BT 402.23 694.25 Td (the ) Tj ET Q q 0 0 0 rg BT 416.13 694.25 Td (past, ) Tj ET Q q 0 0 0 rg BT 436.43 694.25 Td (thereby ) Tj ET Q q 0 0 0 rg BT 468.10 694.25 Td (increasing ) Tj ET Q q 0 0 0 rg BT 510.88 694.25 Td (our ) Tj ET Q q 0 0 0 rg BT 525.90 694.25 Td (exposure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.94 682.25 Td (ener) Tj ET Q q 0 0 0 rg BT 76.97 682.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 89.13 682.25 Td (market ) Tj ET Q q 0 0 0 rg BT 119.06 682.25 Td (price ) Tj ET Q q 0 0 0 rg BT 141.21 682.25 Td (volatility ) Tj ET Q q 0 0 0 rg BT 179.48 682.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 201.64 682.25 Td (expiration. ) Tj ET Q q 0 0 0 rg BT 246.37 682.25 Td (As ) Tj ET Q q 0 0 0 rg BT 259.64 682.25 Td (our ) Tj ET Q q 0 0 0 rg BT 275.14 682.25 Td (historic ) Tj ET Q q 0 0 0 rg BT 307.30 682.25 Td (ener) Tj ET Q q 0 0 0 rg BT 324.32 682.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 336.49 682.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 374.74 682.25 Td (have ) Tj ET Q q 0 0 0 rg BT 395.78 682.25 Td (expired ) Tj ET Q q 0 0 0 rg BT 427.93 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 444.53 682.25 Td (our ) Tj ET Q q 0 0 0 rg BT 460.03 682.25 Td (service ) Tj ET Q q 0 0 0 rg BT 490.50 682.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 504.87 682.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 543.13 682.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (transitioned ) Tj ET Q q 0 0 0 rg BT 99.61 670.25 Td (to ) Tj ET Q q 0 0 0 rg BT 109.78 670.25 Td (tip ) Tj ET Q q 0 0 0 rg BT 122.73 670.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 137.33 670.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 178.32 670.25 Td (our ) Tj ET Q q 0 0 0 rg BT 194.05 670.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 232.54 670.25 Td (to ) Tj ET Q q 0 0 0 rg BT 242.71 670.25 Td (market ) Tj ET Q q 0 0 0 rg BT 272.87 670.25 Td (ener) Tj ET Q q 0 0 0 rg BT 289.90 670.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 302.29 670.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 328.57 670.25 Td (has ) Tj ET Q q 0 0 0 rg BT 344.29 670.25 Td (increased. ) Tj ET Q q 0 0 0 rg BT 386.77 670.25 Td (W) Tj ET Q q 0 0 0 rg BT 395.41 670.25 Td (e ) Tj ET Q q 0 0 0 rg BT 402.24 670.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 430.73 670.25 Td (this ) Tj ET Q q 0 0 0 rg BT 447.57 670.25 Td (trend ) Tj ET Q q 0 0 0 rg BT 470.51 670.25 Td (to ) Tj ET Q q 0 0 0 rg BT 480.69 670.25 Td (continue. ) Tj ET Q q 0 0 0 rg BT 520.02 670.25 Td (In ) Tj ET Q q 0 0 0 rg BT 530.74 670.25 Td (order ) Tj ET Q q 0 0 0 rg BT 554.23 670.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 84.56 658.25 Td (our ) Tj ET Q q 0 0 0 rg BT 99.69 658.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 137.58 658.25 Td (to ) Tj ET Q q 0 0 0 rg BT 147.15 658.25 Td (near) Tj ET Q q 0 0 0 rg BT 164.16 658.25 Td (-term ) Tj ET Q q 0 0 0 rg BT 187.61 658.25 Td (\(one ) Tj ET Q q 0 0 0 rg BT 207.17 658.25 Td (to ) Tj ET Q q 0 0 0 rg BT 216.75 658.25 Td (three ) Tj ET Q q 0 0 0 rg BT 238.53 658.25 Td (years\) ) Tj ET Q q 0 0 0 rg BT 264.75 658.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 298.19 658.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 347.19 658.25 Td (in ) Tj ET Q q 0 0 0 rg BT 356.77 658.25 Td (ener) Tj ET Q q 0 0 0 rg BT 373.79 658.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 385.59 658.25 Td (markets, ) Tj ET Q q 0 0 0 rg BT 421.54 658.25 Td (we ) Tj ET Q q 0 0 0 rg BT 434.99 658.25 Td (enter ) Tj ET Q q 0 0 0 rg BT 456.77 658.25 Td (into ) Tj ET Q q 0 0 0 rg BT 474.12 658.25 Td (hedging ) Tj ET Q q 0 0 0 rg BT 508.13 658.25 Td (arrangements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.19 646.25 Td (we ) Tj ET Q q 0 0 0 rg BT 81.61 646.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 110.46 646.25 Td (to ) Tj ET Q q 0 0 0 rg BT 120.99 646.25 Td (do ) Tj ET Q q 0 0 0 rg BT 133.75 646.25 Td (so ) Tj ET Q q 0 0 0 rg BT 145.39 646.25 Td (in ) Tj ET Q q 0 0 0 rg BT 155.93 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.90 646.25 Td (future. ) Tj ET Q q 0 0 0 rg BT 200.03 646.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 218.34 646.25 Td (ef) Tj ET Q q 0 0 0 rg BT 225.93 646.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 247.01 646.25 Td (in ) Tj ET Q q 0 0 0 rg BT 257.55 646.25 Td (this ) Tj ET Q q 0 0 0 rg BT 274.75 646.25 Td (regard ) Tj ET Q q 0 0 0 rg BT 303.04 646.25 Td (will ) Tj ET Q q 0 0 0 rg BT 321.35 646.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 354.11 646.25 Td (only ) Tj ET Q q 0 0 0 rg BT 374.64 646.25 Td (mitigation ) Tj ET Q q 0 0 0 rg BT 418.50 646.25 Td (of ) Tj ET Q q 0 0 0 rg BT 429.59 646.25 Td (price ) Tj ET Q q 0 0 0 rg BT 452.33 646.25 Td (volatility ) Tj ET Q q 0 0 0 rg BT 491.19 646.25 Td (for ) Tj ET Q q 0 0 0 rg BT 505.61 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.58 646.25 Td (ener) Tj ET Q q 0 0 0 rg BT 537.61 646.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 550.36 646.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (produce, ) Tj ET Q q 0 0 0 rg BT 87.79 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 105.31 634.25 Td (will ) Tj ET Q q 0 0 0 rg BT 123.95 634.25 Td (not ) Tj ET Q q 0 0 0 rg BT 139.81 634.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 172.89 634.25 Td (speculative ) Tj ET Q q 0 0 0 rg BT 220.95 634.25 Td (ener) Tj ET Q q 0 0 0 rg BT 237.98 634.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 251.06 634.25 Td (trading. ) Tj ET Q q 0 0 0 rg BT 284.97 634.25 Td (In ) Tj ET Q q 0 0 0 rg BT 296.38 634.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 343.33 634.25 Td (with ) Tj ET Q q 0 0 0 rg BT 364.20 634.25 Td (this ) Tj ET Q q 0 0 0 rg BT 381.73 634.25 Td (hedging ) Tj ET Q q 0 0 0 rg BT 417.03 634.25 Td (strategy) Tj ET Q q 0 0 0 rg BT 448.03 634.25 Td (, ) Tj ET Q q 0 0 0 rg BT 453.61 634.25 Td (we ) Tj ET Q q 0 0 0 rg BT 468.36 634.25 Td (have ) Tj ET Q q 0 0 0 rg BT 490.32 634.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 522.82 634.25 Td (into ) Tj ET Q q 0 0 0 rg BT 541.46 634.25 Td (swap ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 98.07 622.25 Td (with ) Tj ET Q q 0 0 0 rg BT 118.39 622.25 Td (various ) Tj ET Q q 0 0 0 rg BT 150.37 622.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 187.89 622.25 Td (institutions ) Tj ET Q q 0 0 0 rg BT 234.89 622.25 Td (to ) Tj ET Q q 0 0 0 rg BT 245.20 622.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 271.62 622.25 Td (our ) Tj ET Q q 0 0 0 rg BT 287.49 622.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 326.13 622.25 Td (to ) Tj ET Q q 0 0 0 rg BT 336.45 622.25 Td (market ) Tj ET Q q 0 0 0 rg BT 366.75 622.25 Td (risk. ) Tj ET Q q 0 0 0 rg BT 386.23 622.25 Td (As ) Tj ET Q q 0 0 0 rg BT 399.89 622.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.76 622.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 469.38 622.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.38 622.25 Td (, ) Tj ET Q q 0 0 0 rg BT 494.42 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.18 622.25 Td (net ) Tj ET Q q 0 0 0 rg BT 523.94 622.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.36 622.25 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.62 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.12 610.25 Td (ener) Tj ET Q q 0 0 0 rg BT 92.15 610.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 104.44 610.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 150.60 610.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.21 610.25 Td ($2 ) Tj ET Q q 0 0 0 rg BT 173.50 610.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.39 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 204.68 610.25 Td (pre-tax, ) Tj ET Q q 0 0 0 rg BT 237.78 610.25 Td (was ) Tj ET Q q 0 0 0 rg BT 255.62 610.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 292.89 610.25 Td (as ) Tj ET Q q 0 0 0 rg BT 303.50 610.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.23 610.25 Td ($3 ) Tj ET Q q 0 0 0 rg BT 322.52 610.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.41 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 353.70 610.25 Td (current ) Tj ET Q q 0 0 0 rg BT 384.30 610.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 406.03 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 422.75 610.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.48 610.25 Td ($1 ) Tj ET Q q 0 0 0 rg BT 441.77 610.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.66 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 472.94 610.25 Td (current ) Tj ET Q q 0 0 0 rg BT 503.55 610.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 536.94 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 553.67 610.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 598.25 Td (component ) Tj ET Q q 0 0 0 rg BT 103.87 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.15 598.25 Td (Accumulated ) Tj ET Q q 0 0 0 rg BT 169.96 598.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 195.23 598.25 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 260.49 598.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 292.98 598.25 Td (\(AOCI\).) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 580.25 Td (Recycled ) Tj ET Q q 0 0 0 rg BT 98.14 580.25 Td (Metals ) Tj ET Q q 0 0 0 rg BT 128.42 580.25 Td (Price ) Tj ET Q q 0 0 0 rg BT 152.57 580.25 Td (Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 562.25 Td (W) Tj ET Q q 0 0 0 rg BT 67.64 562.25 Td (e ) Tj ET Q q 0 0 0 rg BT 75.02 562.25 Td (recover ) Tj ET Q q 0 0 0 rg BT 107.94 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 125.32 562.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 142.15 562.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 173.41 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 190.80 562.25 Td (non-ferrous ) Tj ET Q q 0 0 0 rg BT 240.39 562.25 Td (metals, ) Tj ET Q q 0 0 0 rg BT 271.94 562.25 Td (with ) Tj ET Q q 0 0 0 rg BT 292.66 562.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 323.93 562.25 Td (linked ) Tj ET Q q 0 0 0 rg BT 351.87 562.25 Td (to ) Tj ET Q q 0 0 0 rg BT 362.59 562.25 Td (related ) Tj ET Q q 0 0 0 rg BT 392.73 562.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 441.23 562.25 Td (indices. ) Tj ET Q q 0 0 0 rg BT 474.78 562.25 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 519.64 562.25 Td (our ) Tj ET Q q 0 0 0 rg BT 535.91 562.25 Td (metals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 84.85 550.25 Td (is ) Tj ET Q q 0 0 0 rg BT 94.72 550.25 Td (completely ) Tj ET Q q 0 0 0 rg BT 142.35 550.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 178.32 550.25 Td (to ) Tj ET Q q 0 0 0 rg BT 189.29 550.25 Td (market ) Tj ET Q q 0 0 0 rg BT 220.26 550.25 Td (price ) Tj ET Q q 0 0 0 rg BT 243.44 550.25 Td (fluctuations. ) Tj ET Q q 0 0 0 rg BT 295.65 550.25 Td (A) Tj ET Q q 0 0 0 rg BT 302.32 550.25 Td ( ) Tj ET Q q 0 0 0 rg BT 305.52 550.25 Td (10% ) Tj ET Q q 0 0 0 rg BT 327.05 550.25 Td (change ) Tj ET Q q 0 0 0 rg BT 358.57 550.25 Td (in ) Tj ET Q q 0 0 0 rg BT 369.55 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 384.96 550.25 Td (current ) Tj ET Q q 0 0 0 rg BT 416.48 550.25 Td (market ) Tj ET Q q 0 0 0 rg BT 447.45 550.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 469.52 550.25 Td (would ) Tj ET Q q 0 0 0 rg BT 497.72 550.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 528.14 550.25 Td (recycled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (metals ) Tj ET Q q 0 0 0 rg BT 78.60 538.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 112.74 538.25 Td (by ) Tj ET Q q 0 0 0 rg BT 125.23 538.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 185.49 538.25 Td ($3 ) Tj ET Q q 0 0 0 rg BT 197.98 538.25 Td (million ) Tj ET Q q 0 0 0 rg BT 229.37 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 246.30 538.25 Td ($4 ) Tj ET Q q 0 0 0 rg BT 258.80 538.25 Td (million ) Tj ET Q q 0 0 0 rg BT 290.19 538.25 Td (for ) Tj ET Q q 0 0 0 rg BT 304.34 538.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 335.16 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 352.09 538.25 Td (non-ferrous, ) Tj ET Q q 0 0 0 rg BT 403.74 538.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 451.40 538.25 Td (. ) Tj ET Q q 0 0 0 rg BT 456.21 538.25 Td (W) Tj ET Q q 0 0 0 rg BT 464.85 538.25 Td (e ) Tj ET Q q 0 0 0 rg BT 471.78 538.25 Td (are ) Tj ET Q q 0 0 0 rg BT 486.48 538.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 525.07 538.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 554.22 538.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 85.36 526.25 Td (this ) Tj ET Q q 0 0 0 rg BT 102.39 526.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 141.08 526.25 Td (ef) Tj ET Q q 0 0 0 rg BT 148.67 526.25 Td (fectively ) Tj ET Q q 0 0 0 rg BT 186.24 526.25 Td (either ) Tj ET Q q 0 0 0 rg BT 211.59 526.25 Td (via ) Tj ET Q q 0 0 0 rg BT 226.39 526.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 268.41 526.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 299.33 526.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 338.01 526.25 Td (or ) Tj ET Q q 0 0 0 rg BT 348.93 526.25 Td (with ) Tj ET Q q 0 0 0 rg BT 369.29 526.25 Td (hedging ) Tj ET Q q 0 0 0 rg BT 404.10 526.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 453.35 526.25 Td (as ) Tj ET Q q 0 0 0 rg BT 464.27 526.25 Td (there ) Tj ET Q q 0 0 0 rg BT 486.84 526.25 Td (are ) Tj ET Q q 0 0 0 rg BT 501.64 526.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 532.55 526.25 Td (options ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 514.25 Td (enter ) Tj ET Q q 0 0 0 rg BT 82.76 514.25 Td (into ) Tj ET Q q 0 0 0 rg BT 100.82 514.25 Td (such ) Tj ET Q q 0 0 0 rg BT 121.65 514.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 178.01 514.25 Td (for ) Tj ET Q q 0 0 0 rg BT 192.17 514.25 Td (this ) Tj ET Q q 0 0 0 rg BT 209.12 514.25 Td (segment ) Tj ET Q q 0 0 0 rg BT 244.95 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.78 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.49 514.25 Td (market. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 496.25 Td (W) Tj ET Q q 0 0 0 rg BT 67.15 496.25 Td (aste ) Tj ET Q q 0 0 0 rg BT 85.76 496.25 Td (Price ) Tj ET Q q 0 0 0 rg BT 109.91 496.25 Td (Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 478.25 Td (W) Tj ET Q q 0 0 0 rg BT 67.64 478.25 Td (e ) Tj ET Q q 0 0 0 rg BT 74.51 478.25 Td (have ) Tj ET Q q 0 0 0 rg BT 95.82 478.25 Td (some ) Tj ET Q q 0 0 0 rg BT 119.36 478.25 Td (protection ) Tj ET Q q 0 0 0 rg BT 162.34 478.25 Td (against ) Tj ET Q q 0 0 0 rg BT 193.09 478.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 242.74 478.25 Td (in ) Tj ET Q q 0 0 0 rg BT 252.95 478.25 Td (fuel ) Tj ET Q q 0 0 0 rg BT 270.93 478.25 Td (\(municipal ) Tj ET Q q 0 0 0 rg BT 316.68 478.25 Td (waste\) ) Tj ET Q q 0 0 0 rg BT 345.22 478.25 Td (price ) Tj ET Q q 0 0 0 rg BT 367.63 478.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 385.07 478.25 Td (in ) Tj ET Q q 0 0 0 rg BT 395.28 478.25 Td (our ) Tj ET Q q 0 0 0 rg BT 411.04 478.25 Td (North ) Tj ET Q q 0 0 0 rg BT 436.27 478.25 Td (America ) Tj ET Q q 0 0 0 rg BT 473.13 478.25 Td (segment ) Tj ET Q q 0 0 0 rg BT 508.88 478.25 Td (ener) Tj ET Q q 0 0 0 rg BT 525.91 478.25 Td (gy-from-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 75.17 466.25 Td (business ) Tj ET Q q 0 0 0 rg BT 111.47 466.25 Td (because ) Tj ET Q q 0 0 0 rg BT 145.52 466.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.68 466.25 Td (78%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.01 466.25 Td ( ) Tj ET Q q 0 0 0 rg BT 226.42 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.15 466.25 Td (our ) Tj ET Q q 0 0 0 rg BT 252.89 466.25 Td (municipal ) Tj ET Q q 0 0 0 rg BT 295.28 466.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 320.46 466.25 Td (is ) Tj ET Q q 0 0 0 rg BT 329.53 466.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 367.48 466.25 Td (under ) Tj ET Q q 0 0 0 rg BT 392.66 466.25 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 436.71 466.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 475.21 466.25 Td (where ) Tj ET Q q 0 0 0 rg BT 502.04 466.25 Td (we ) Tj ET Q q 0 0 0 rg BT 516.11 466.25 Td (are ) Tj ET Q q 0 0 0 rg BT 530.72 466.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 550.34 466.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.77 454.25 Td (fuel ) Tj ET Q q 0 0 0 rg BT 83.76 454.25 Td (at ) Tj ET Q q 0 0 0 rg BT 93.43 454.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 116.42 454.25 Td (rates. ) Tj ET Q q 0 0 0 rg BT 139.70 454.25 Td (At ) Tj ET Q q 0 0 0 rg BT 152.14 454.25 Td (our ) Tj ET Q q 0 0 0 rg BT 167.92 454.25 Td (tip ) Tj ET Q q 0 0 0 rg BT 180.92 454.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 195.57 454.25 Td (ener) Tj ET Q q 0 0 0 rg BT 212.59 454.25 Td (gy-from-waste ) Tj ET Q q 0 0 0 rg BT 273.90 454.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 313.28 454.25 Td (dif) Tj ET Q q 0 0 0 rg BT 324.20 454.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 350.52 454.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 386.86 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 397.63 454.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 422.84 454.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 468.05 454.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 503.81 454.25 Td (are ) Tj ET Q q 0 0 0 rg BT 518.46 454.25 Td (not ) Tj ET Q q 0 0 0 rg BT 533.68 454.25 Td (subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.89 442.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 101.44 442.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 139.65 442.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 158.70 442.25 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 199.40 442.25 Td (we ) Tj ET Q q 0 0 0 rg BT 213.17 442.25 Td (are ) Tj ET Q q 0 0 0 rg BT 227.50 442.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 262.93 442.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 297.81 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 307.71 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 322.04 442.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 339.15 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 349.59 442.25 Td (market ) Tj ET Q q 0 0 0 rg BT 379.47 442.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 428.80 442.25 Td (in ) Tj ET Q q 0 0 0 rg BT 438.69 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 453.02 442.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 477.91 442.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 512.80 442.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 531.01 442.25 Td (we ) Tj ET Q q 0 0 0 rg BT 544.79 442.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 430.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 79.13 430.25 Td (for ) Tj ET Q q 0 0 0 rg BT 93.46 430.25 Td (fuel. ) Tj ET Q q 0 0 0 rg BT 113.59 430.25 Td (At ) Tj ET Q q 0 0 0 rg BT 126.25 430.25 Td (service ) Tj ET Q q 0 0 0 rg BT 157.24 430.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 172.11 430.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 211.71 430.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 237.14 430.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 272.59 430.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 291.35 430.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 331.22 430.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 366.65 430.25 Td (annually ) Tj ET Q q 0 0 0 rg BT 403.75 430.25 Td (due ) Tj ET Q q 0 0 0 rg BT 420.85 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 431.30 430.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 460.62 430.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 495.49 430.25 Td (price ) Tj ET Q q 0 0 0 rg BT 518.14 430.25 Td (escalations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (intended ) Tj ET Q q 0 0 0 rg BT 86.77 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 96.89 418.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 124.76 418.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 159.30 418.25 Td (in ) Tj ET Q q 0 0 0 rg BT 169.42 418.25 Td (our ) Tj ET Q q 0 0 0 rg BT 185.09 418.25 Td (costs. ) Tj ET Q q 0 0 0 rg BT 209.92 418.25 Td (Declines ) Tj ET Q q 0 0 0 rg BT 247.25 418.25 Td (in ) Tj ET Q q 0 0 0 rg BT 257.36 418.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 282.47 418.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 317.59 418.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 336.02 418.25 Td (at ) Tj ET Q q 0 0 0 rg BT 345.58 418.25 Td (our ) Tj ET Q q 0 0 0 rg BT 361.25 418.25 Td (ener) Tj ET Q q 0 0 0 rg BT 378.27 418.25 Td (gy-from-waste ) Tj ET Q q 0 0 0 rg BT 439.48 418.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 476.24 418.25 Td (are ) Tj ET Q q 0 0 0 rg BT 490.79 418.25 Td (mitigated ) Tj ET Q q 0 0 0 rg BT 530.90 418.25 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (internalizing ) Tj ET Q q 0 0 0 rg BT 103.47 406.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 129.17 406.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 164.89 406.25 Td (by ) Tj ET Q q 0 0 0 rg BT 177.82 406.25 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 214.09 406.25 Td (our ) Tj ET Q q 0 0 0 rg BT 230.35 406.25 Td (network ) Tj ET Q q 0 0 0 rg BT 266.05 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 277.32 406.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 310.79 406.25 Td (stations ) Tj ET Q q 0 0 0 rg BT 344.28 406.25 Td (located ) Tj ET Q q 0 0 0 rg BT 376.09 406.25 Td (throughout ) Tj ET Q q 0 0 0 rg BT 422.91 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 438.06 406.25 Td (northeast ) Tj ET Q q 0 0 0 rg BT 477.65 406.25 Td (United ) Tj ET Q q 0 0 0 rg BT 507.80 406.25 Td (States ) Tj ET Q q 0 0 0 rg BT 534.62 406.25 Td (and ) Tj ET Q q 0 0 0 rg BT 552.00 406.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (increasing ) Tj ET Q q 0 0 0 rg BT 93.59 394.25 Td (our ) Tj ET Q q 0 0 0 rg BT 109.42 394.25 Td (profiled ) Tj ET Q q 0 0 0 rg BT 143.58 394.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 168.85 394.25 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 207.73 394.25 Td (which ) Tj ET Q q 0 0 0 rg BT 234.67 394.25 Td (we ) Tj ET Q q 0 0 0 rg BT 248.83 394.25 Td (can ) Tj ET Q q 0 0 0 rg BT 265.21 394.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 281.60 394.25 Td (at ) Tj ET Q q 0 0 0 rg BT 291.31 394.25 Td (a ) Tj ET Q q 0 0 0 rg BT 298.25 394.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 326.30 394.25 Td (price ) Tj ET Q q 0 0 0 rg BT 348.78 394.25 Td (than ) Tj ET Q q 0 0 0 rg BT 368.50 394.25 Td (municipal ) Tj ET Q q 0 0 0 rg BT 410.99 394.25 Td (solid ) Tj ET Q q 0 0 0 rg BT 432.94 394.25 Td (waste. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 376.25 Td (W) Tj ET Q q 0 0 0 rg BT 67.64 376.25 Td (e ) Tj ET Q q 0 0 0 rg BT 74.86 376.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 103.74 376.25 Td (that ) Tj ET Q q 0 0 0 rg BT 121.51 376.25 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 165.95 376.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 204.83 376.25 Td (for ) Tj ET Q q 0 0 0 rg BT 219.27 376.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 244.82 376.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 274.27 376.25 Td (at ) Tj ET Q q 0 0 0 rg BT 284.27 376.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 321.49 376.25 Td (we ) Tj ET Q q 0 0 0 rg BT 335.93 376.25 Td (own ) Tj ET Q q 0 0 0 rg BT 355.93 376.25 Td (or ) Tj ET Q q 0 0 0 rg BT 367.05 376.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 389.82 376.25 Td (will ) Tj ET Q q 0 0 0 rg BT 408.16 376.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 445.37 376.25 Td (to ) Tj ET Q q 0 0 0 rg BT 455.93 376.25 Td (be ) Tj ET Q q 0 0 0 rg BT 468.16 376.25 Td (available ) Tj ET Q q 0 0 0 rg BT 507.03 376.25 Td (on ) Tj ET Q q 0 0 0 rg BT 519.81 376.25 Td (acceptable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 75.83 364.25 Td (in ) Tj ET Q q 0 0 0 rg BT 87.22 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 103.05 364.25 Td (marketplace, ) Tj ET Q q 0 0 0 rg BT 158.02 364.25 Td (at ) Tj ET Q q 0 0 0 rg BT 168.85 364.25 Td (least ) Tj ET Q q 0 0 0 rg BT 190.79 364.25 Td (for ) Tj ET Q q 0 0 0 rg BT 206.06 364.25 Td (a ) Tj ET Q q 0 0 0 rg BT 214.12 364.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 260.50 364.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 293.00 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 304.95 364.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 336.88 364.25 Td (capacity) Tj ET Q q 0 0 0 rg BT 369.54 364.25 Td (, ) Tj ET Q q 0 0 0 rg BT 375.65 364.25 Td (as ) Tj ET Q q 0 0 0 rg BT 387.60 364.25 Td (municipalities ) Tj ET Q q 0 0 0 rg BT 447.87 364.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 485.91 364.25 Td (to ) Tj ET Q q 0 0 0 rg BT 497.30 364.25 Td (value ) Tj ET Q q 0 0 0 rg BT 522.57 364.25 Td (long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (committed ) Tj ET Q q 0 0 0 rg BT 94.66 352.25 Td (and ) Tj ET Q q 0 0 0 rg BT 110.99 352.25 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 157.31 352.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 181.97 352.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 216.64 352.25 Td (capacity) Tj ET Q q 0 0 0 rg BT 249.30 352.25 Td (. ) Tj ET Q q 0 0 0 rg BT 253.56 352.25 Td (W) Tj ET Q q 0 0 0 rg BT 262.20 352.25 Td (e ) Tj ET Q q 0 0 0 rg BT 268.53 352.25 Td (also ) Tj ET Q q 0 0 0 rg BT 286.53 352.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 314.51 352.25 Td (that ) Tj ET Q q 0 0 0 rg BT 331.40 352.25 Td (an ) Tj ET Q q 0 0 0 rg BT 342.73 352.25 Td (increasing ) Tj ET Q q 0 0 0 rg BT 385.71 352.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 416.49 352.25 Td (of ) Tj ET Q q 0 0 0 rg BT 426.71 352.25 Td (system ) Tj ET Q q 0 0 0 rg BT 456.38 352.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 491.58 352.25 Td (will ) Tj ET Q q 0 0 0 rg BT 509.03 352.25 Td (be ) Tj ET Q q 0 0 0 rg BT 520.36 352.25 Td (contracted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 340.25 Td (a ) Tj ET Q q 0 0 0 rg BT 69.44 340.25 Td (shorter) Tj ET Q q 0 0 0 rg BT 97.01 340.25 Td (-term ) Tj ET Q q 0 0 0 rg BT 121.16 340.25 Td (basis, ) Tj ET Q q 0 0 0 rg BT 146.16 340.25 Td (and ) Tj ET Q q 0 0 0 rg BT 163.10 340.25 Td (so ) Tj ET Q q 0 0 0 rg BT 174.49 340.25 Td (we ) Tj ET Q q 0 0 0 rg BT 188.65 340.25 Td (will ) Tj ET Q q 0 0 0 rg BT 206.71 340.25 Td (have ) Tj ET Q q 0 0 0 rg BT 228.09 340.25 Td (more ) Tj ET Q q 0 0 0 rg BT 251.13 340.25 Td (frequent ) Tj ET Q q 0 0 0 rg BT 286.95 340.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 325.55 340.25 Td (to ) Tj ET Q q 0 0 0 rg BT 335.83 340.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 361.09 340.25 Td (market ) Tj ET Q q 0 0 0 rg BT 391.36 340.25 Td (risk. ) 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 50 320.68505859375 m 127.5830078125 320.68505859375 l s q 0 0 0 rg BT 50.00 322.25 Td (Inter) Tj ET Q q 0 0 0 rg BT 71.48 322.25 Td (est ) Tj ET Q q 0 0 0 rg BT 85.64 322.25 Td (Rate ) Tj ET Q q 0 0 0 rg BT 108.13 322.25 Td (Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 304.25 Td (Outstanding ) Tj ET Q q 0 0 0 rg BT 110.53 304.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 130.38 304.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 167.44 304.25 Td (under ) Tj ET Q q 0 0 0 rg BT 192.85 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 207.71 304.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 235.34 304.25 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 274.64 304.25 Td (bear ) Tj ET Q q 0 0 0 rg BT 294.49 304.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 326.56 304.25 Td (at ) Tj ET Q q 0 0 0 rg BT 336.42 304.25 Td (floating ) Tj ET Q q 0 0 0 rg BT 370.16 304.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 394.18 304.25 Td (which ) Tj ET Q q 0 0 0 rg BT 421.25 304.25 Td (are ) Tj ET Q q 0 0 0 rg BT 436.10 304.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 479.27 304.25 Td (as ) Tj ET Q q 0 0 0 rg BT 490.24 304.25 Td (either ) Tj ET Q q 0 0 0 rg BT 515.64 304.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 547.71 304.25 Td (at ) Tj ET Q q 0 0 0 rg BT 557.57 304.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 81.08 292.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 116.62 292.25 Td (British ) Tj ET Q q 0 0 0 rg BT 146.07 292.25 Td (Bankers ) Tj ET Q q 0 0 0 rg BT 180.56 292.25 Td (Association ) Tj ET Q q 0 0 0 rg BT 229.99 292.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 262.20 292.25 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 307.18 292.25 Td (Rate, ) Tj ET Q q 0 0 0 rg BT 330.22 292.25 Td (commonly ) Tj ET Q q 0 0 0 rg BT 375.21 292.25 Td (referred ) Tj ET Q q 0 0 0 rg BT 409.06 292.25 Td (to ) Tj ET Q q 0 0 0 rg BT 419.06 292.25 Td (as ) Tj ET Q q 0 0 0 rg BT 429.60 292.25 Td (LIBOR, ) Tj ET Q q 0 0 0 rg BT 473.19 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 487.63 292.25 Td (prime ) Tj ET Q q 0 0 0 rg BT 517.61 292.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 539.25 292.25 Td (or ) Tj ET Q q 0 0 0 rg BT 549.79 292.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (Federal ) Tj ET Q q 0 0 0 rg BT 82.38 280.25 Td (Funds ) Tj ET Q q 0 0 0 rg BT 109.22 280.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 126.60 280.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 145.66 280.25 Td (0.5%per ) Tj ET Q q 0 0 0 rg BT 184.16 280.25 Td (annum, ) Tj ET Q q 0 0 0 rg BT 216.26 280.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 235.33 280.25 Td (a ) Tj ET Q q 0 0 0 rg BT 242.16 280.25 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 286.21 280.25 Td (mar) Tj ET Q q 0 0 0 rg BT 301.58 280.25 Td (gin. ) Tj ET Q q 0 0 0 rg BT 319.25 280.25 Td (For ) Tj ET Q q 0 0 0 rg BT 335.53 280.25 Td (details ) Tj ET Q q 0 0 0 rg BT 364.03 280.25 Td (as ) Tj ET Q q 0 0 0 rg BT 374.75 280.25 Td (to ) Tj ET Q q 0 0 0 rg BT 384.92 280.25 Td (the ) Tj ET Q q 0 0 0 rg BT 399.53 280.25 Td (various ) Tj ET Q q 0 0 0 rg BT 431.36 280.25 Td (election ) Tj ET Q q 0 0 0 rg BT 465.41 280.25 Td (options ) Tj ET Q q 0 0 0 rg BT 497.25 280.25 Td (under ) Tj ET Q q 0 0 0 rg BT 522.41 280.25 Td (the ) Tj ET Q q 0 0 0 rg BT 537.02 280.25 Td (Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (Facility) Tj ET Q q 0 0 0 rg BT 79.90 268.25 Td (, ) Tj ET Q q 0 0 0 rg BT 84.49 268.25 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 99.35 268.25 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 129.21 268.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 170.18 268.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 215.44 268.25 Td (And ) Tj ET Q q 0 0 0 rg BT 233.64 268.25 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 295.71 268.25 Td (Data ) Tj ET Q q 0 0 0 rg BT 329.19 268.25 Td (Note1) Tj ET Q q 0 0 0 rg BT 354.84 268.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 364.42 268.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 419.85 268.25 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.29 268.25 Td (. ) Tj ET Q q 0 0 0 rg BT 443.41 268.25 Td (As ) Tj ET Q q 0 0 0 rg BT 456.62 268.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.04 268.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 525.21 268.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.21 268.25 Td (, ) Tj ET Q q 0 0 0 rg BT 549.80 268.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 98.94 256.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 131.74 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 142.34 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.67 256.25 Td (T) Tj ET Q q 0 0 0 rg BT 162.08 256.25 Td (erm ) Tj ET Q q 0 0 0 rg BT 179.90 256.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 202.72 256.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.54 256.25 Td ($195 ) Tj ET Q q 0 0 0 rg BT 242.81 256.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.70 256.25 Td (. ) Tj ET Q q 0 0 0 rg BT 276.31 256.25 Td (W) Tj ET Q q 0 0 0 rg BT 284.95 256.25 Td (e ) Tj ET Q q 0 0 0 rg BT 291.66 256.25 Td (have ) Tj ET Q q 0 0 0 rg BT 312.81 256.25 Td (not ) Tj ET Q q 0 0 0 rg BT 327.86 256.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 359.55 256.25 Td (into ) Tj ET Q q 0 0 0 rg BT 377.38 256.25 Td (any ) Tj ET Q q 0 0 0 rg BT 394.09 256.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 425.80 256.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 443.06 256.25 Td (hedging ) Tj ET Q q 0 0 0 rg BT 477.54 256.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 533.68 256.25 Td (against ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (this ) Tj ET Q q 0 0 0 rg BT 66.80 244.25 Td (balance. ) Tj ET Q q 0 0 0 rg BT 101.66 244.25 Td (A) Tj ET Q q 0 0 0 rg BT 108.33 244.25 Td ( ) Tj ET Q q 0 0 0 rg BT 110.68 244.25 Td (hypothetical ) Tj ET Q q 0 0 0 rg BT 162.46 244.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 197.56 244.25 Td (of ) Tj ET Q q 0 0 0 rg BT 208.24 244.25 Td (1% ) Tj ET Q q 0 0 0 rg BT 223.92 244.25 Td (in ) Tj ET Q q 0 0 0 rg BT 234.04 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 248.61 244.25 Td (underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.28 244.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 352.71 244.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.71 244.25 Td ( ) Tj ET Q q 0 0 0 rg BT 375.06 244.25 Td (market ) Tj ET Q q 0 0 0 rg BT 405.17 244.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 436.96 244.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 458.18 244.25 Td (would ) Tj ET Q q 0 0 0 rg BT 485.53 244.25 Td (result ) Tj ET Q q 0 0 0 rg BT 510.10 244.25 Td (in ) Tj ET Q q 0 0 0 rg BT 520.22 244.25 Td (a ) Tj ET Q q 0 0 0 rg BT 527.01 244.25 Td (potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 89.84 232.25 Td (to ) Tj ET Q q 0 0 0 rg BT 99.70 232.25 Td (twelve-month ) Tj ET Q q 0 0 0 rg BT 157.32 232.25 Td (future ) Tj ET Q q 0 0 0 rg BT 183.27 232.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 219.23 232.25 Td (of ) Tj ET Q q 0 0 0 rg BT 229.63 232.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 289.47 232.25 Td ($2million, ) Tj ET Q q 0 0 0 rg BT 335.44 232.25 Td (pre-tax. ) Tj ET Q q 0 0 0 rg BT 368.33 232.25 Td (For ) Tj ET Q q 0 0 0 rg BT 384.30 232.25 Td (details, ) Tj ET Q q 0 0 0 rg BT 414.98 232.25 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 429.83 232.25 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 459.68 232.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 500.63 232.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 545.89 232.25 Td (And ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 112.49 220.25 Td (Data ) Tj ET Q q 0 0 0 rg BT 134.99 220.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 146.38 220.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 167.76 220.25 Td (1) Tj ET Q q 0 0 0 rg BT 172.02 220.25 Td (1.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 179.52 220.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 182.02 220.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 237.86 220.25 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.29 220.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 202.25 Td (In ) Tj ET Q q 0 0 0 rg BT 69.49 202.25 Td (order ) Tj ET Q q 0 0 0 rg BT 92.75 202.25 Td (to ) Tj ET Q q 0 0 0 rg BT 102.69 202.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 128.72 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.10 202.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 160.26 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 170.75 202.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 203.45 202.25 Td (variable ) Tj ET Q q 0 0 0 rg BT 237.81 202.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 269.40 202.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 286.55 202.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 335.92 202.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 379.17 202.25 Td (with ) Tj ET Q q 0 0 0 rg BT 399.11 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 413.48 202.25 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 443.42 202.25 Td (Project ) Tj ET Q q 0 0 0 rg BT 473.91 202.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 502.02 202.25 Td (T) Tj ET Q q 0 0 0 rg BT 507.43 202.25 Td (erm ) Tj ET Q q 0 0 0 rg BT 525.14 202.25 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 550.34 202.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (have ) Tj ET Q q 0 0 0 rg BT 70.94 190.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 102.43 190.25 Td (into ) Tj ET Q q 0 0 0 rg BT 120.05 190.25 Td (floating ) Tj ET Q q 0 0 0 rg BT 153.22 190.25 Td (to ) Tj ET Q q 0 0 0 rg BT 163.07 190.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 185.68 190.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 202.73 190.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 225.35 190.25 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 275.44 190.25 Td (denominated ) Tj ET Q q 0 0 0 rg BT 329.16 190.25 Td (in ) Tj ET Q q 0 0 0 rg BT 339.00 190.25 Td (Euros ) Tj ET Q q 0 0 0 rg BT 364.40 190.25 Td (for ) Tj ET Q q 0 0 0 rg BT 378.13 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 392.41 190.25 Td (full ) Tj ET Q q 0 0 0 rg BT 408.36 190.25 Td (250 ) Tj ET Q q 0 0 0 rg BT 430.42 190.25 Td (million ) Tj ET Q q 0 0 0 rg BT 461.38 190.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 480.66 190.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 512.72 190.25 Td (with ) Tj ET Q q 0 0 0 rg BT 532.57 190.25 Td (various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.54 178.25 Td (institutions ) Tj ET Q q 0 0 0 rg BT 134.56 178.25 Td (that ) Tj ET Q q 0 0 0 rg BT 152.11 178.25 Td (terminate ) Tj ET Q q 0 0 0 rg BT 192.43 178.25 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.31 178.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 250.87 178.25 Td (and ) Tj ET Q q 0 0 0 rg BT 267.87 178.25 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.87 178.25 Td (. ) Tj ET Q q 0 0 0 rg BT 292.74 178.25 Td (This ) Tj ET Q q 0 0 0 rg BT 313.08 178.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 345.08 178.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 362.63 178.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 385.74 178.25 Td (is ) Tj ET Q q 0 0 0 rg BT 394.97 178.25 Td (designated ) Tj ET Q q 0 0 0 rg BT 440.29 178.25 Td (as ) Tj ET Q q 0 0 0 rg BT 451.18 178.25 Td (a ) Tj ET Q q 0 0 0 rg BT 458.18 178.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 478.51 178.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 499.40 178.25 Td (hedge, ) Tj ET Q q 0 0 0 rg BT 528.34 178.25 Td (which ) Tj ET Q q 0 0 0 rg BT 555.34 178.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 87.45 166.25 Td (at ) Tj ET Q q 0 0 0 rg BT 97.14 166.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 113.49 166.25 Td (value ) Tj ET Q q 0 0 0 rg BT 137.61 166.25 Td (as ) Tj ET Q q 0 0 0 rg BT 148.42 166.25 Td (a ) Tj ET Q q 0 0 0 rg BT 155.33 166.25 Td (noncurrent ) Tj ET Q q 0 0 0 rg BT 201.11 166.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 234.69 166.25 Td (with ) Tj ET Q q 0 0 0 rg BT 254.94 166.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 289.62 166.25 Td (in ) Tj ET Q q 0 0 0 rg BT 299.87 166.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 316.22 166.25 Td (value ) Tj ET Q q 0 0 0 rg BT 340.35 166.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 377.80 166.25 Td (as ) Tj ET Q q 0 0 0 rg BT 388.60 166.25 Td (a ) Tj ET Q q 0 0 0 rg BT 395.51 166.25 Td (component ) Tj ET Q q 0 0 0 rg BT 442.42 166.25 Td (of ) Tj ET Q q 0 0 0 rg BT 452.67 166.25 Td (AOCI. ) Tj ET Q q 0 0 0 rg BT 481.54 166.25 Td (As ) Tj ET Q q 0 0 0 rg BT 495.13 166.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.93 166.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 154.25 Td (, ) Tj ET Q q 0 0 0 rg BT 74.39 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 88.50 154.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 104.27 154.25 Td (value ) Tj ET Q q 0 0 0 rg BT 127.82 154.25 Td (of ) Tj ET Q q 0 0 0 rg BT 138.05 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.16 154.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 183.48 154.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 200.36 154.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 222.81 154.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 264.68 154.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.91 154.25 Td ($20 ) Tj ET Q q 0 0 0 rg BT 291.80 154.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.69 154.25 Td ( ) Tj ET Q q 0 0 0 rg BT 322.58 154.25 Td (pre-tax, ) Tj ET Q q 0 0 0 rg BT 355.29 154.25 Td (was ) Tj ET Q q 0 0 0 rg BT 372.74 154.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 409.61 154.25 Td (as ) Tj ET Q q 0 0 0 rg BT 419.83 154.25 Td (a ) Tj ET Q q 0 0 0 rg BT 426.16 154.25 Td (noncurrent ) Tj ET Q q 0 0 0 rg BT 471.37 154.25 Td (liability) Tj ET Q q 0 0 0 rg BT 501.83 154.25 Td (. ) Tj ET Q q 0 0 0 rg BT 506.23 154.25 Td (For ) Tj ET Q q 0 0 0 rg BT 522.01 154.25 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (information, ) Tj ET Q q 0 0 0 rg BT 102.21 142.25 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 117.48 142.25 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 147.75 142.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 189.13 142.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 234.78 142.25 Td (And ) Tj ET Q q 0 0 0 rg BT 253.38 142.25 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 315.87 142.25 Td (Data ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 349.76 142.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 371.15 142.25 Td (13.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 383.65 142.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 386.15 142.25 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 430.85 142.25 Td (Instruments) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 478.07 142.25 Td (.) 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 50 122.68505859375 m 215.17578125 122.68505859375 l s q 0 0 0 rg BT 50.00 124.25 Td (For) Tj ET Q q 0 0 0 rg BT 65.37 124.25 Td (eign ) Tj ET Q q 0 0 0 rg BT 85.64 124.25 Td (Curr) Tj ET Q q 0 0 0 rg BT 107.12 124.25 Td (ency ) Tj ET Q q 0 0 0 rg BT 129.06 124.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 173.23 124.25 Td (Rate ) Tj ET Q q 0 0 0 rg BT 195.72 124.25 Td (Risk) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.18 124.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 106.25 Td (W) Tj ET Q q 0 0 0 rg BT 67.64 106.25 Td (e ) Tj ET Q q 0 0 0 rg BT 74.81 106.25 Td (have ) Tj ET Q q 0 0 0 rg BT 96.42 106.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 140.81 106.25 Td (in ) Tj ET Q q 0 0 0 rg BT 151.32 106.25 Td (various ) Tj ET Q q 0 0 0 rg BT 183.49 106.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 215.10 106.25 Td (markets, ) Tj ET Q q 0 0 0 rg BT 251.99 106.25 Td (including ) Tj ET Q q 0 0 0 rg BT 292.50 106.25 Td (China, ) Tj ET Q q 0 0 0 rg BT 321.62 106.25 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 356.84 106.25 Td (Ireland ) Tj ET Q q 0 0 0 rg BT 387.89 106.25 Td (and ) Tj ET Q q 0 0 0 rg BT 405.06 106.25 Td (Italy) Tj ET Q q 0 0 0 rg BT 422.73 106.25 Td (. ) Tj ET Q q 0 0 0 rg BT 427.36 106.25 Td (As ) Tj ET Q q 0 0 0 rg BT 441.21 106.25 Td (and ) Tj ET Q q 0 0 0 rg BT 458.38 106.25 Td (to ) Tj ET Q q 0 0 0 rg BT 468.89 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 483.84 106.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 511.01 106.25 Td (we ) Tj ET Q q 0 0 0 rg BT 525.40 106.25 Td (grow ) Tj ET Q q 0 0 0 rg BT 548.69 106.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (international ) Tj ET Q q 0 0 0 rg BT 103.22 94.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 142.30 94.25 Td (we ) Tj ET Q q 0 0 0 rg BT 156.65 94.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 185.43 94.25 Td (to ) Tj ET Q q 0 0 0 rg BT 195.90 94.25 Td (invest ) Tj ET Q q 0 0 0 rg BT 222.47 94.25 Td (in ) Tj ET Q q 0 0 0 rg BT 232.94 94.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 264.50 94.25 Td (currencies ) Tj ET Q q 0 0 0 rg BT 308.27 94.25 Td (to ) Tj ET Q q 0 0 0 rg BT 318.74 94.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 335.86 94.25 Td (either ) Tj ET Q q 0 0 0 rg BT 361.31 94.25 Td (for ) Tj ET Q q 0 0 0 rg BT 375.66 94.25 Td (the ) Tj ET Q q 0 0 0 rg BT 390.56 94.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 442.68 94.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 465.37 94.25 Td (of ) Tj ET Q q 0 0 0 rg BT 476.39 94.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 513.50 94.25 Td (we ) Tj ET Q q 0 0 0 rg BT 527.85 94.25 Td (develop, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (or ) Tj ET Q q 0 0 0 rg BT 61.25 82.25 Td (for ) Tj ET Q q 0 0 0 rg BT 75.82 82.25 Td (the ) Tj ET Q q 0 0 0 rg BT 90.95 82.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 109.98 82.25 Td (to ) Tj ET Q q 0 0 0 rg BT 120.67 82.25 Td (acquire ) Tj ET Q q 0 0 0 rg BT 153.01 82.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 187.59 82.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 232.72 82.25 Td (or ) Tj ET Q q 0 0 0 rg BT 243.97 82.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 272.71 82.25 Td (Currency ) Tj ET Q q 0 0 0 rg BT 312.84 82.25 Td (volatility ) Tj ET Q q 0 0 0 rg BT 351.86 82.25 Td (in ) Tj ET Q q 0 0 0 rg BT 362.55 82.25 Td (those ) Tj ET Q q 0 0 0 rg BT 386.58 82.25 Td (markets, ) Tj ET Q q 0 0 0 rg BT 423.65 82.25 Td (as ) Tj ET Q q 0 0 0 rg BT 434.89 82.25 Td (well ) Tj ET Q q 0 0 0 rg BT 455.02 82.25 Td (as ) Tj ET Q q 0 0 0 rg BT 466.27 82.25 Td (the ) Tj ET Q q 0 0 0 rg BT 481.40 82.25 Td (ef) Tj ET Q q 0 0 0 rg BT 488.99 82.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 536.33 82.25 Td (of ) Tj ET Q q 0 0 0 rg BT 547.57 82.25 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 87.34 70.25 Td (hedging ) Tj ET Q q 0 0 0 rg BT 121.92 70.25 Td (strategies ) Tj ET Q q 0 0 0 rg BT 162.05 70.25 Td (we ) Tj ET Q q 0 0 0 rg BT 176.08 70.25 Td (may ) Tj ET Q q 0 0 0 rg BT 195.66 70.25 Td (implement, ) Tj ET Q q 0 0 0 rg BT 243.30 70.25 Td (may ) Tj ET Q q 0 0 0 rg BT 262.88 70.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 292.46 70.25 Td (both ) Tj ET Q q 0 0 0 rg BT 312.60 70.25 Td (the ) Tj ET Q q 0 0 0 rg BT 327.18 70.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 359.54 70.25 Td (we ) Tj ET Q q 0 0 0 rg BT 373.57 70.25 Td (are ) Tj ET Q q 0 0 0 rg BT 388.14 70.25 Td (required ) Tj ET Q q 0 0 0 rg BT 423.82 70.25 Td (to ) Tj ET Q q 0 0 0 rg BT 433.97 70.25 Td (invest ) Tj ET Q q 0 0 0 rg BT 460.22 70.25 Td (in ) Tj ET Q q 0 0 0 rg BT 470.36 70.25 Td (new ) Tj ET Q q 0 0 0 rg BT 489.39 70.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 523.41 70.25 Td (as ) Tj ET Q q 0 0 0 rg BT 534.11 70.25 Td (well ) Tj ET Q q 0 0 0 rg BT 553.69 70.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.22 58.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 102.09 58.25 Td (returns ) Tj ET Q q 0 0 0 rg BT 131.76 58.25 Td (on ) Tj ET Q q 0 0 0 rg BT 143.65 58.25 Td (these ) Tj ET Q q 0 0 0 rg BT 166.09 58.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 199.63 58.25 Td (and ) Tj ET Q q 0 0 0 rg BT 215.96 58.25 Td (our ) Tj ET Q q 0 0 0 rg BT 231.19 58.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 266.39 58.25 Td (results. ) Tj ET Q q 0 0 0 rg BT 296.76 58.25 Td (W) Tj ET Q q 0 0 0 rg BT 305.40 58.25 Td (e ) Tj ET Q q 0 0 0 rg BT 311.73 58.25 Td (have ) Tj ET Q q 0 0 0 rg BT 332.50 58.25 Td (mitigated ) Tj ET Q q 0 0 0 rg BT 372.16 58.25 Td (our ) Tj ET Q q 0 0 0 rg BT 387.38 58.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 424.25 58.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 445.03 58.25 Td (in ) Tj ET Q q 0 0 0 rg BT 454.70 58.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 483.79 58.25 Td (cases ) Tj ET Q q 0 0 0 rg BT 506.78 58.25 Td (by ) Tj ET Q q 0 0 0 rg BT 518.68 58.25 Td (structuring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (our ) Tj ET Q q 0 0 0 rg BT 66.00 46.25 Td (project ) Tj ET Q q 0 0 0 rg BT 96.42 46.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 135.18 46.25 Td (so ) Tj ET Q q 0 0 0 rg BT 146.74 46.25 Td (that ) Tj ET Q q 0 0 0 rg BT 164.40 46.25 Td (our ) Tj ET Q q 0 0 0 rg BT 180.39 46.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 214.71 46.25 Td (adjust ) Tj ET Q q 0 0 0 rg BT 241.26 46.25 Td (in ) Tj ET Q q 0 0 0 rg BT 251.70 46.25 Td (line ) Tj ET Q q 0 0 0 rg BT 269.36 46.25 Td (with ) Tj ET Q q 0 0 0 rg BT 289.80 46.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 349.68 46.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 384.55 46.25 Td (in ) Tj ET Q q 0 0 0 rg BT 394.99 46.25 Td (the ) Tj ET Q q 0 0 0 rg BT 409.87 46.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 444.74 46.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 482.38 46.25 Td (rates. ) Tj ET Q q 0 0 0 rg BT 506.42 46.25 Td (In ) Tj ET Q q 0 0 0 rg BT 517.42 46.25 Td (such ) Tj ET Q q 0 0 0 rg BT 538.41 46.25 Td (cases, ) Tj ET Q endstream endobj 123 0 obj <>] /Rotate 0 /Contents 124 0 R>> endobj 124 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (only ) Tj ET Q q 0 0 0 rg BT 70.42 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 88.06 742.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 119.58 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.56 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 146.53 742.10 Td (working ) Tj ET Q q 0 0 0 rg BT 182.50 742.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 211.79 742.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 258.32 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.40 742.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 319.13 742.10 Td (project ) Tj ET Q q 0 0 0 rg BT 349.54 742.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 371.89 742.10 Td (if ) Tj ET Q q 0 0 0 rg BT 380.64 742.10 Td (any) Tj ET Q q 0 0 0 rg BT 394.43 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 399.58 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 417.21 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 432.06 742.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 486.35 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 496.77 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 503.85 742.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 541.47 742.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (than ) Tj ET Q q 0 0 0 rg BT 69.52 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.04 730.10 Td (project ) Tj ET Q q 0 0 0 rg BT 114.10 730.10 Td (entity) Tj ET Q q 0 0 0 rg BT 139.66 730.10 Td (s ) Tj ET Q q 0 0 0 rg BT 145.85 730.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 188.69 730.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 225.97 730.10 Td (are ) Tj ET Q q 0 0 0 rg BT 240.48 730.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 275.55 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 285.63 730.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 322.91 730.10 Td (risks. ) Tj ET Q q 0 0 0 rg BT 346.10 730.10 Td (As ) Tj ET Q q 0 0 0 rg BT 359.51 730.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.14 730.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 428.53 730.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.53 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 453.33 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.85 730.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 484.03 730.10 Td (value ) Tj ET Q q 0 0 0 rg BT 507.99 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.62 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.14 730.10 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 87.15 718.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 133.19 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.69 718.10 Td (zero ) Tj ET Q q 0 0 0 rg BT 163.07 718.10 Td (pre-tax, ) Tj ET Q q 0 0 0 rg BT 196.06 718.10 Td (was ) Tj ET Q q 0 0 0 rg BT 213.78 718.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 250.93 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 261.43 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 268.04 718.10 Td (current ) Tj ET Q q 0 0 0 rg BT 298.53 718.10 Td (asset. ) Tj ET Q q 0 0 0 rg BT 322.64 718.10 Td (For ) Tj ET Q q 0 0 0 rg BT 338.70 718.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 380.87 718.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 432.75 718.10 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 447.69 718.10 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 477.63 718.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 518.68 718.10 Td (Statements ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (And ) Tj ET Q q 0 0 0 rg BT 68.61 706.10 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 131.09 706.10 Td (Data ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 164.99 706.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 186.37 706.10 Td (13.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 198.87 706.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 201.37 706.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 246.07 706.10 Td (Instruments) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 293.30 706.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 688.10 Td (As ) Tj ET Q q 0 0 0 rg BT 72.06 688.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.34 688.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 140.37 688.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.37 688.10 Td (, ) Tj ET Q q 0 0 0 rg BT 164.82 688.10 Td (we ) Tj ET Q q 0 0 0 rg BT 178.43 688.10 Td (also ) Tj ET Q q 0 0 0 rg BT 196.49 688.10 Td (had ) Tj ET Q q 0 0 0 rg BT 212.87 688.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 239.82 688.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 289.54 688.10 Td (in ) Tj ET Q q 0 0 0 rg BT 299.26 688.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 330.09 688.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 379.25 688.10 Td (and ) Tj ET Q q 0 0 0 rg BT 395.64 688.10 Td (projects. ) Tj ET Q q 0 0 0 rg BT 431.74 688.10 Td (See ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.13 688.10 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 477.85 688.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 518.68 688.10 Td (Statements ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (And ) Tj ET Q q 0 0 0 rg BT 68.61 676.10 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 131.09 676.10 Td (Data ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 164.99 676.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 186.37 676.10 Td (9.) 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Tj ET Q endstream endobj 125 0 obj <><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>] /Rotate 0 /Contents 126 0 R>> endobj 126 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 20.60 Td (62) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 743.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 72.49 743.25 Td (8.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.99 743.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 82.49 743.25 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 137.13 743.25 Td ( ) Tj ET Q q 0 0 0 rg BT 139.63 743.25 Td (ST) Tj ET Q q 0 0 0 rg BT 150.75 743.25 Td (A) Tj ET Q q 0 0 0 rg BT 156.87 743.25 Td (TEMENTS ) Tj ET Q q 0 0 0 rg BT 206.23 743.25 Td (AND ) Tj ET Q q 0 0 0 rg BT 229.84 743.25 Td (SUPPLEMENT) Tj ET Q q 0 0 0 rg BT 295.96 743.25 Td (AR) Tj ET Q q 0 0 0 rg BT 309.12 743.25 Td (Y) Tj ET Q q 0 0 0 rg BT 314.86 743.25 Td ( ) Tj ET Q q 0 0 0 rg BT 317.36 743.25 Td (DA) Tj ET Q q 0 0 0 rg BT 330.70 743.25 Td (T) Tj ET Q q 0 0 0 rg BT 336.25 743.25 Td (A) Tj ET Q q 0 0 0 rg BT 342.37 743.25 Td ( ) Tj ET Q 1 1 1 rg /GS0 gs 50.50 705.75 449.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 691.75 449.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 677.75 449.00 -24.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 653.75 449.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 639.75 449.00 -14.00 re f /GS0 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387.75 449.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 373.75 449.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 359.75 449.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 345.75 449.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 331.75 449.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 317.75 449.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 303.75 449.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 705.75 m 562.5 705.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 709.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.25 709.83 Td (Page) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 694.9833984375 m 286.8427734375 694.9833984375 l s q 0 0 1 rg BT 53.00 696.32 Td (Report of Independent Registered Public ) Tj ET Q q 0 0 1 rg BT 218.24 696.32 Td (Accounting Firm) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 680.9833984375 m 438.7568359375 680.9833984375 l s q 0 0 1 rg BT 53.00 682.32 Td (Consolidated Statements of Operations for the Years Ended December 31, 2016, 2015, and 2014) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 666.9833984375 m 495.6806640625 666.9833984375 l s q 0 0 1 rg BT 53.00 668.32 Td (Consolidated Statements of Comprehensive \(Loss\) Income for the Years Ended December 31, 2016, 2015, and) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 62 656.9833984375 m 82 656.9833984375 l s q 0 0 1 rg BT 62.00 658.32 Td (2014) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 642.9833984375 m 311.2666015625 642.9833984375 l s q 0 0 1 rg BT 53.00 644.32 Td (Consolidated Balance Sheets as of December 31, 2016 and 2015) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 628.9833984375 m 437.94140625 628.9833984375 l s q 0 0 1 rg BT 53.00 630.32 Td (Consolidated Statements of Cash Flow for the Years Ended December 31, 2016, 2015, and 2014) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 614.9833984375 m 419.044921875 614.9833984375 l s q 0 0 1 rg BT 53.00 616.32 Td (Consolidated Statements of Equity for the Years Ended December 31, 2016, 2015 and 2014) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 600.9833984375 m 227.9755859375 600.9833984375 l s q 0 0 1 rg BT 53.00 602.32 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 59 586.9833984375 m 346.265625 586.9833984375 l s q 0 0 1 rg BT 59.00 588.32 Td (Note1.Or) Tj ET Q q 0 0 1 rg BT 106.31 588.32 Td (ganization and Summary of Significant ) Tj ET Q q 0 0 1 rg BT 265.45 588.32 Td (Accounting Policies) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 59 572.9833984375 m 241.4609375 572.9833984375 l s q 0 0 1 rg BT 59.00 574.32 Td (Note2.Recent ) Tj ET Q q 0 0 1 rg BT 125.65 574.32 Td (Accounting Pronouncements) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 59 558.9833984375 m 248.6923828125 558.9833984375 l s q 0 0 1 rg BT 59.00 560.32 Td (Note3.New Business and ) Tj ET Q q 0 0 1 rg BT 171.77 560.32 Td (Asset Management) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 59 544.9833984375 m 95.9384765625 544.9833984375 l s q 0 0 1 rg BT 59.00 546.32 Td (Note4.) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 95.9384765625 544.9833984375 m 351.4658203125 544.9833984375 l s q 0 0 1 rg BT 95.94 546.32 Td (Dispositions, ) Tj ET Q q 0 0 1 rg BT 150.40 546.32 Td (Assets Held for Sale and Discontinued Operations) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 59 530.9833984375 m 253.2431640625 530.9833984375 l s q 0 0 1 rg BT 59.00 532.32 Td (Note5.Equity and Earnings Per Share \("EPS"\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 59 516.9833984375 m 275.3623046875 516.9833984375 l s q 0 0 1 rg BT 59.00 518.32 Td (Note6.Financial Information by Business Segments) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 59 502.9833984375 m 309.986328125 502.9833984375 l s q 0 0 1 rg BT 59.00 504.32 Td (Note7.) Tj ET Q q 0 0 1 rg BT 95.39 504.32 Td (Amortization of ) Tj ET Q q 0 0 1 rg BT 161.86 504.32 Td (W) Tj ET Q q 0 0 1 rg BT 170.49 504.32 Td (aste, Service and Ener) Tj ET Q q 0 0 1 rg BT 259.16 504.32 Td (gy Contracts) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 59 488.9833984375 m 247.02734375 488.9833984375 l s q 0 0 1 rg BT 59.00 490.32 Td (Note8.Other Intangible ) Tj ET Q q 0 0 1 rg BT 163.70 490.32 Td (Assets and Goodwill) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 59 474.9833984375 m 207.037109375 474.9833984375 l s q 0 0 1 rg BT 59.00 476.32 Td (Note9.Equity Method Investments) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 59 460.9833984375 m 165.630859375 460.9833984375 l s q 0 0 1 rg BT 59.00 462.32 Td (Note10. Operating Leases) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 59 446.9833984375 m 170.279296875 446.9833984375 l s q 0 0 1 rg BT 59.00 448.32 Td (Note1) Tj ET Q q 0 0 1 rg BT 85.57 448.32 Td (1. Consolidated Debt) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 59 432.9833984375 m 182.8671875 432.9833984375 l s q 0 0 1 rg BT 59.00 434.32 Td (Note12. Financial Instruments) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 59 418.9833984375 m 187.857421875 418.9833984375 l s q 0 0 1 rg BT 59.00 420.32 Td (Note13. Derivative Instruments) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 59 404.9833984375 m 206.744140625 404.9833984375 l s q 0 0 1 rg BT 59.00 406.32 Td (Note14. Supplementary Information) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 59 390.9833984375 m 151.421875 390.9833984375 l s q 0 0 1 rg BT 59.00 392.32 Td (Note15. Income ) Tj ET Q q 0 0 1 rg BT 128.24 392.32 Td (T) Tj ET Q q 0 0 1 rg BT 133.65 392.32 Td (axes) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 59 376.9833984375 m 192.583984375 376.9833984375 l s q 0 0 1 rg BT 59.00 378.32 Td (Note16. Employee Benefit Plans) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 59 362.9833984375 m 198.8974609375 362.9833984375 l s q 0 0 1 rg BT 59.00 364.32 Td (Note17. Stock-Based ) Tj ET Q q 0 0 1 rg BT 148.43 364.32 Td (A) Tj ET Q q 0 0 1 rg BT 154.74 364.32 Td (ward Plans) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 59 348.9833984375 m 229.2587890625 348.9833984375 l s q 0 0 1 rg BT 59.00 350.32 Td (Note18. 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Tj ET Q q 0 0 0 rg BT 431.86 648.85 Td (our ) Tj ET Q q 0 0 0 rg BT 447.69 648.85 Td (audits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.85 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 626.85 Td (e ) Tj ET Q q 0 0 0 rg BT 65.72 626.85 Td (conducted ) Tj ET Q q 0 0 0 rg BT 109.45 626.85 Td (our ) Tj ET Q q 0 0 0 rg BT 125.42 626.85 Td (audits ) Tj ET Q q 0 0 0 rg BT 151.95 626.85 Td (in ) Tj ET Q q 0 0 0 rg BT 162.37 626.85 Td (accordance ) Tj ET Q q 0 0 0 rg BT 209.98 626.85 Td (with ) Tj ET Q q 0 0 0 rg BT 230.40 626.85 Td (the ) Tj ET Q q 0 0 0 rg BT 245.25 626.85 Td (standards ) Tj ET Q q 0 0 0 rg BT 285.66 626.85 Td (of ) Tj ET Q q 0 0 0 rg BT 296.64 626.85 Td (the ) Tj ET Q q 0 0 0 rg BT 311.49 626.85 Td (Public ) Tj ET Q q 0 0 0 rg BT 339.69 626.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 380.64 626.85 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 429.93 626.85 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 472.01 626.85 Td (Board ) Tj ET Q q 0 0 0 rg BT 499.09 626.85 Td (\(United ) Tj ET Q q 0 0 0 rg BT 532.28 626.85 Td (States\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.85 Td (Those ) Tj ET Q q 0 0 0 rg BT 76.69 614.85 Td (standards ) Tj ET Q q 0 0 0 rg BT 116.71 614.85 Td (require ) Tj ET Q q 0 0 0 rg BT 147.28 614.85 Td (that ) Tj ET Q q 0 0 0 rg BT 164.52 614.85 Td (we ) Tj ET Q q 0 0 0 rg BT 178.43 614.85 Td (plan ) Tj ET Q q 0 0 0 rg BT 197.90 614.85 Td (and ) Tj ET Q q 0 0 0 rg BT 214.59 614.85 Td (perform ) Tj ET Q q 0 0 0 rg BT 249.05 614.85 Td (the ) Tj ET Q q 0 0 0 rg BT 263.52 614.85 Td (audit ) Tj ET Q q 0 0 0 rg BT 285.76 614.85 Td (to ) Tj ET Q q 0 0 0 rg BT 295.79 614.85 Td (obtain ) Tj ET Q q 0 0 0 rg BT 323.04 614.85 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 368.04 614.85 Td (assurance ) Tj ET Q q 0 0 0 rg BT 409.16 614.85 Td (about ) Tj ET Q q 0 0 0 rg BT 433.63 614.85 Td (whether ) Tj ET Q q 0 0 0 rg BT 468.09 614.85 Td (the ) Tj ET Q q 0 0 0 rg BT 482.55 614.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 519.79 614.85 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.85 Td (are ) Tj ET Q q 0 0 0 rg BT 64.66 602.85 Td (free ) Tj ET Q q 0 0 0 rg BT 82.64 602.85 Td (of ) Tj ET Q q 0 0 0 rg BT 93.42 602.85 Td (material ) Tj ET Q q 0 0 0 rg BT 128.63 602.85 Td (misstatement. ) Tj ET Q q 0 0 0 rg BT 185.80 602.85 Td (An ) Tj ET Q q 0 0 0 rg BT 200.48 602.85 Td (audit ) Tj ET Q q 0 0 0 rg BT 222.92 602.85 Td (includes ) Tj ET Q q 0 0 0 rg BT 258.69 602.85 Td (examining, ) Tj ET Q q 0 0 0 rg BT 305.85 602.85 Td (on ) Tj ET Q q 0 0 0 rg BT 318.30 602.85 Td (a ) Tj ET Q q 0 0 0 rg BT 325.19 602.85 Td (test ) Tj ET Q q 0 0 0 rg BT 341.52 602.85 Td (basis, ) Tj ET Q q 0 0 0 rg BT 366.47 602.85 Td (evidence ) Tj ET Q q 0 0 0 rg BT 404.45 602.85 Td (supporting ) Tj ET Q q 0 0 0 rg BT 449.68 602.85 Td (the ) Tj ET Q q 0 0 0 rg BT 464.35 602.85 Td (amounts ) Tj ET Q q 0 0 0 rg BT 500.68 602.85 Td (and ) Tj ET Q q 0 0 0 rg BT 517.57 602.85 Td (disclosures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.85 Td (in ) Tj ET Q q 0 0 0 rg BT 61.00 590.85 Td (the ) Tj ET Q q 0 0 0 rg BT 76.44 590.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 114.64 590.85 Td (statements. ) Tj ET Q q 0 0 0 rg BT 161.87 590.85 Td (An ) Tj ET Q q 0 0 0 rg BT 177.31 590.85 Td (audit ) Tj ET Q q 0 0 0 rg BT 200.53 590.85 Td (also ) Tj ET Q q 0 0 0 rg BT 219.86 590.85 Td (includes ) Tj ET Q q 0 0 0 rg BT 256.41 590.85 Td (assessing ) Tj ET Q q 0 0 0 rg BT 296.85 590.85 Td (the ) Tj ET Q q 0 0 0 rg BT 312.29 590.85 Td (accounting ) Tj ET Q q 0 0 0 rg BT 359.39 590.85 Td (principles ) Tj ET Q q 0 0 0 rg BT 402.04 590.85 Td (used ) Tj ET Q q 0 0 0 rg BT 423.60 590.85 Td (and ) Tj ET Q q 0 0 0 rg BT 441.26 590.85 Td (significant ) Tj ET Q q 0 0 0 rg BT 486.69 590.85 Td (estimates ) Tj ET Q q 0 0 0 rg BT 527.13 590.85 Td (made ) Tj ET Q q 0 0 0 rg BT 552.00 590.85 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 578.85 Td (management, ) Tj ET Q q 0 0 0 rg BT 106.33 578.85 Td (as ) Tj ET Q q 0 0 0 rg BT 117.39 578.85 Td (well ) Tj ET Q q 0 0 0 rg BT 137.35 578.85 Td (as ) Tj ET Q q 0 0 0 rg BT 148.41 578.85 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 192.80 578.85 Td (the ) Tj ET Q q 0 0 0 rg BT 207.75 578.85 Td (overall ) Tj ET Q q 0 0 0 rg BT 238.25 578.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 275.97 578.85 Td (statement ) Tj ET Q q 0 0 0 rg BT 317.03 578.85 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 370.94 578.85 Td (W) Tj ET Q q 0 0 0 rg BT 379.58 578.85 Td (e ) Tj ET Q q 0 0 0 rg BT 386.75 578.85 Td (believe ) Tj ET Q q 0 0 0 rg BT 418.36 578.85 Td (that ) Tj ET Q q 0 0 0 rg BT 436.09 578.85 Td (our ) Tj ET Q q 0 0 0 rg BT 452.16 578.85 Td (audits ) Tj ET Q q 0 0 0 rg BT 478.78 578.85 Td (provide ) Tj ET Q q 0 0 0 rg BT 512.07 578.85 Td (a ) Tj ET Q q 0 0 0 rg BT 519.24 578.85 Td (reasonable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.85 Td (basis ) Tj ET Q q 0 0 0 rg BT 72.50 566.85 Td (for ) Tj ET Q q 0 0 0 rg BT 86.66 566.85 Td (our ) Tj ET Q q 0 0 0 rg BT 102.49 566.85 Td (opinion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.85 Td (In ) Tj ET Q q 0 0 0 rg BT 60.39 544.85 Td (our ) Tj ET Q q 0 0 0 rg BT 75.77 544.85 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 110.88 544.85 Td (the ) Tj ET Q q 0 0 0 rg BT 125.16 544.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 162.19 544.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 206.46 544.85 Td (referred ) Tj ET Q q 0 0 0 rg BT 240.15 544.85 Td (to ) Tj ET Q q 0 0 0 rg BT 249.99 544.85 Td (above ) Tj ET Q q 0 0 0 rg BT 275.92 544.85 Td (present ) Tj ET Q q 0 0 0 rg BT 306.85 544.85 Td (fairly) Tj ET Q q 0 0 0 rg BT 327.86 544.85 Td (, ) Tj ET Q q 0 0 0 rg BT 332.41 544.85 Td (in ) Tj ET Q q 0 0 0 rg BT 342.25 544.85 Td (all ) Tj ET Q q 0 0 0 rg BT 354.30 544.85 Td (material ) Tj ET Q q 0 0 0 rg BT 389.11 544.85 Td (respects, ) Tj ET Q q 0 0 0 rg BT 425.87 544.85 Td (the ) Tj ET Q q 0 0 0 rg BT 440.15 544.85 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 492.74 544.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 529.78 544.85 Td (position ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.85 Td (of ) Tj ET Q q 0 0 0 rg BT 60.56 532.85 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 96.12 532.85 Td (Holding ) Tj ET Q q 0 0 0 rg BT 131.13 532.85 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 181.68 532.85 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.13 532.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 249.45 532.85 Td (2016 ) Tj ET Q q 0 0 0 rg BT 271.68 532.85 Td (and ) Tj ET Q q 0 0 0 rg BT 288.35 532.85 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.35 532.85 Td (, ) Tj ET Q q 0 0 0 rg BT 313.08 532.85 Td (and ) Tj ET Q q 0 0 0 rg BT 329.75 532.85 Td (the ) Tj ET Q q 0 0 0 rg BT 344.20 532.85 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 396.97 532.85 Td (results ) Tj ET Q q 0 0 0 rg BT 425.31 532.85 Td (of ) Tj ET Q q 0 0 0 rg BT 435.87 532.85 Td (its ) Tj ET Q q 0 0 0 rg BT 447.55 532.85 Td (operations ) Tj ET Q q 0 0 0 rg BT 491.44 532.85 Td (and ) Tj ET Q q 0 0 0 rg BT 508.11 532.85 Td (its ) Tj ET Q q 0 0 0 rg BT 519.79 532.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 539.79 532.85 Td (flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.85 Td (for ) Tj ET Q q 0 0 0 rg BT 63.00 520.85 Td (each ) Tj ET Q q 0 0 0 rg BT 82.66 520.85 Td (of ) Tj ET Q q 0 0 0 rg BT 92.33 520.85 Td (the ) Tj ET Q q 0 0 0 rg BT 105.89 520.85 Td (three ) Tj ET Q q 0 0 0 rg BT 127.22 520.85 Td (years ) Tj ET Q q 0 0 0 rg BT 149.66 520.85 Td (in ) Tj ET Q q 0 0 0 rg BT 158.78 520.85 Td (the ) Tj ET Q q 0 0 0 rg BT 172.34 520.85 Td (period ) Tj ET Q q 0 0 0 rg BT 199.22 520.85 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.44 520.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 281.87 520.85 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.87 520.85 Td (, ) Tj ET Q q 0 0 0 rg BT 305.71 520.85 Td (in ) Tj ET Q q 0 0 0 rg BT 314.83 520.85 Td (conformity ) Tj ET Q q 0 0 0 rg BT 360.61 520.85 Td (with ) Tj ET Q q 0 0 0 rg BT 379.73 520.85 Td (U.S.generally ) Tj ET Q q 0 0 0 rg BT 438.55 520.85 Td (accepted ) Tj ET Q q 0 0 0 rg BT 474.87 520.85 Td (accounting ) Tj ET Q q 0 0 0 rg BT 520.08 520.85 Td (principles. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.85 Td (Also, ) Tj ET Q q 0 0 0 rg BT 73.81 508.85 Td (in ) Tj ET Q q 0 0 0 rg BT 84.01 508.85 Td (our ) Tj ET Q q 0 0 0 rg BT 99.76 508.85 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 135.23 508.85 Td (the ) Tj ET Q q 0 0 0 rg BT 149.87 508.85 Td (related ) Tj ET Q q 0 0 0 rg BT 179.49 508.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 216.89 508.85 Td (statement ) Tj ET Q q 0 0 0 rg BT 257.63 508.85 Td (schedule, ) Tj ET Q q 0 0 0 rg BT 297.54 508.85 Td (when ) Tj ET Q q 0 0 0 rg BT 321.62 508.85 Td (considered ) Tj ET Q q 0 0 0 rg BT 367.35 508.85 Td (in ) Tj ET Q q 0 0 0 rg BT 377.55 508.85 Td (relation ) Tj ET Q q 0 0 0 rg BT 410.51 508.85 Td (to ) Tj ET Q q 0 0 0 rg BT 420.71 508.85 Td (the ) Tj ET Q q 0 0 0 rg BT 435.34 508.85 Td (basic ) Tj ET Q q 0 0 0 rg BT 458.31 508.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 495.71 508.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 540.34 508.85 Td (taken ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.85 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 496.85 Td (a ) Tj ET Q q 0 0 0 rg BT 67.77 496.85 Td (whole, ) Tj ET Q q 0 0 0 rg BT 97.21 496.85 Td (presents ) Tj ET Q q 0 0 0 rg BT 132.48 496.85 Td (fairly ) Tj ET Q q 0 0 0 rg BT 156.63 496.85 Td (in ) Tj ET Q q 0 0 0 rg BT 166.91 496.85 Td (all ) Tj ET Q q 0 0 0 rg BT 179.40 496.85 Td (material ) Tj ET Q q 0 0 0 rg BT 214.66 496.85 Td (respects ) Tj ET Q q 0 0 0 rg BT 249.37 496.85 Td (the ) Tj ET Q q 0 0 0 rg BT 264.09 496.85 Td (information ) Tj ET Q q 0 0 0 rg BT 313.80 496.85 Td (set ) Tj ET Q q 0 0 0 rg BT 327.41 496.85 Td (forth ) Tj ET Q q 0 0 0 rg BT 349.35 496.85 Td (therein.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 474.85 Td (As ) Tj ET Q q 0 0 0 rg BT 64.67 474.85 Td (discussed ) Tj ET Q q 0 0 0 rg BT 106.56 474.85 Td (in ) Tj ET Q q 0 0 0 rg BT 117.90 474.85 Td (Note ) Tj ET Q q 0 0 0 rg BT 140.90 474.85 Td (1 ) Tj ET Q q 0 0 0 rg BT 149.46 474.85 Td (to ) Tj ET Q q 0 0 0 rg BT 160.80 474.85 Td (the ) Tj ET Q q 0 0 0 rg BT 176.57 474.85 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 230.67 474.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 269.21 474.85 Td (statements, ) Tj ET Q q 0 0 0 rg BT 317.49 474.85 Td (the ) Tj ET Q q 0 0 0 rg BT 333.26 474.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 375.71 474.85 Td (changed ) Tj ET Q q 0 0 0 rg BT 412.58 474.85 Td (its ) Tj ET Q q 0 0 0 rg BT 425.59 474.85 Td (method ) Tj ET Q q 0 0 0 rg BT 459.15 474.85 Td (of ) Tj ET Q q 0 0 0 rg BT 471.04 474.85 Td (accounting ) Tj ET Q q 0 0 0 rg BT 518.47 474.85 Td (for ) Tj ET Q q 0 0 0 rg BT 533.69 474.85 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 462.85 Td (concession ) Tj ET Q q 0 0 0 rg BT 96.19 462.85 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 152.36 462.85 Td (as ) Tj ET Q q 0 0 0 rg BT 163.00 462.85 Td (a ) Tj ET Q q 0 0 0 rg BT 169.75 462.85 Td (result ) Tj ET Q q 0 0 0 rg BT 194.28 462.85 Td (of ) Tj ET Q q 0 0 0 rg BT 204.92 462.85 Td (the ) Tj ET Q q 0 0 0 rg BT 219.45 462.85 Td (adoption ) Tj ET Q q 0 0 0 rg BT 256.75 462.85 Td (of ) Tj ET Q q 0 0 0 rg BT 267.40 462.85 Td (the ) Tj ET Q q 0 0 0 rg BT 281.92 462.85 Td (amendments ) Tj ET Q q 0 0 0 rg BT 334.78 462.85 Td (to ) Tj ET Q q 0 0 0 rg BT 344.87 462.85 Td (the ) Tj ET Q q 0 0 0 rg BT 359.39 462.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 398.41 462.85 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 447.37 462.85 Td (Standards ) Tj ET Q q 0 0 0 rg BT 489.12 462.85 Td (Board ) Tj ET Q q 0 0 0 rg BT 515.36 462.85 Td (Accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 450.85 Td (\(F) Tj ET Q q 0 0 0 rg BT 58.15 450.85 Td (ASB\) ) Tj ET Q q 0 0 0 rg BT 85.98 450.85 Td (Standards ) Tj ET Q q 0 0 0 rg BT 130.46 450.85 Td (Codification ) Tj ET Q q 0 0 0 rg BT 185.50 450.85 Td (resulting ) Tj ET Q q 0 0 0 rg BT 225.54 450.85 Td (from ) Tj ET Q q 0 0 0 rg BT 248.91 450.85 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 300.61 450.85 Td (Standards ) Tj ET Q q 0 0 0 rg BT 345.10 450.85 Td (Update ) Tj ET Q q 0 0 0 rg BT 379.02 450.85 Td ( ) Tj ET Q q 0 0 0 rg BT 384.07 450.85 Td (\(ASU\) ) Tj ET Q q 0 0 0 rg BT 415.78 450.85 Td (No. ) Tj ET Q q 0 0 0 rg BT 435.54 450.85 Td (2014-05, ) Tj ET Q q 0 0 0 rg BT 476.42 450.85 Td (Service ) Tj ET Q q 0 0 0 rg BT 515.89 450.85 Td (Concession ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 438.85 Td (Arrangements, ) Tj ET Q q 0 0 0 rg BT 115.59 438.85 Td (ef) Tj ET Q q 0 0 0 rg BT 123.18 438.85 Td (fective ) Tj ET Q q 0 0 0 rg BT 152.39 438.85 Td (January ) Tj ET Q q 0 0 0 rg BT 185.50 438.85 Td (1, ) Tj ET Q q 0 0 0 rg BT 195.01 438.85 Td (2015. ) Tj ET Q q 0 0 0 rg BT 221.58 438.85 Td (As ) Tj ET Q q 0 0 0 rg BT 234.70 438.85 Td (discussed ) Tj ET Q q 0 0 0 rg BT 275.04 438.85 Td (in ) Tj ET Q q 0 0 0 rg BT 284.83 438.85 Td (Note ) Tj ET Q q 0 0 0 rg BT 306.27 438.85 Td (1 ) Tj ET Q q 0 0 0 rg BT 313.28 438.85 Td (to ) Tj ET Q q 0 0 0 rg BT 323.07 438.85 Td (the ) Tj ET Q q 0 0 0 rg BT 337.30 438.85 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 389.85 438.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 426.84 438.85 Td (statements, ) Tj ET Q q 0 0 0 rg BT 473.56 438.85 Td (the ) Tj ET Q q 0 0 0 rg BT 487.78 438.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 528.68 438.85 Td (changed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 426.85 Td (the ) Tj ET Q q 0 0 0 rg BT 64.25 426.85 Td (classification ) Tj ET Q q 0 0 0 rg BT 119.05 426.85 Td (of ) Tj ET Q q 0 0 0 rg BT 129.41 426.85 Td (all ) Tj ET Q q 0 0 0 rg BT 141.44 426.85 Td (deferred ) Tj ET Q q 0 0 0 rg BT 176.78 426.85 Td (tax ) Tj ET Q q 0 0 0 rg BT 191.03 426.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 216.40 426.85 Td (and ) Tj ET Q q 0 0 0 rg BT 232.87 426.85 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 272.13 426.85 Td (to ) Tj ET Q q 0 0 0 rg BT 281.94 426.85 Td (noncurrent ) Tj ET Q q 0 0 0 rg BT 327.29 426.85 Td (on ) Tj ET Q q 0 0 0 rg BT 339.32 426.85 Td (the ) Tj ET Q q 0 0 0 rg BT 353.58 426.85 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 406.15 426.85 Td (balance ) Tj ET Q q 0 0 0 rg BT 438.72 426.85 Td (sheet ) Tj ET Q q 0 0 0 rg BT 461.30 426.85 Td (as ) Tj ET Q q 0 0 0 rg BT 471.67 426.85 Td (a ) Tj ET Q q 0 0 0 rg BT 478.14 426.85 Td (result ) Tj ET Q q 0 0 0 rg BT 502.39 426.85 Td (of ) Tj ET Q q 0 0 0 rg BT 512.76 426.85 Td (the ) Tj ET Q q 0 0 0 rg BT 527.01 426.85 Td (adoption ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 414.85 Td (of ) Tj ET Q q 0 0 0 rg BT 59.73 414.85 Td (the ) Tj ET Q q 0 0 0 rg BT 73.34 414.85 Td (amendments ) Tj ET Q q 0 0 0 rg BT 125.28 414.85 Td (to ) Tj ET Q q 0 0 0 rg BT 134.45 414.85 Td (the ) Tj ET Q q 0 0 0 rg BT 148.07 414.85 Td (F) Tj ET Q q 0 0 0 rg BT 152.89 414.85 Td (ASB ) Tj ET Q q 0 0 0 rg BT 173.43 414.85 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 221.48 414.85 Td (Standards ) Tj ET Q q 0 0 0 rg BT 262.31 414.85 Td (Codification ) Tj ET Q q 0 0 0 rg BT 313.70 414.85 Td (resulting ) Tj ET Q q 0 0 0 rg BT 350.09 414.85 Td (from ) Tj ET Q q 0 0 0 rg BT 370.62 414.85 Td (ASU ) Tj ET Q q 0 0 0 rg BT 392.02 414.85 Td (No. ) Tj ET Q q 0 0 0 rg BT 408.14 414.85 Td (2015-17, ) Tj ET Q q 0 0 0 rg BT 445.37 414.85 Td (Balance ) Tj ET Q q 0 0 0 rg BT 483.40 414.85 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 507.02 414.85 Td (Classification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 402.85 Td (of ) Tj ET Q q 0 0 0 rg BT 60.82 402.85 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 98.67 402.85 Td (T) Tj ET Q q 0 0 0 rg BT 104.08 402.85 Td (axes, ) Tj ET Q q 0 0 0 rg BT 131.28 402.85 Td (ef) Tj ET Q q 0 0 0 rg BT 138.86 402.85 Td (fective ) Tj ET Q q 0 0 0 rg BT 168.56 402.85 Td (December ) Tj ET Q q 0 0 0 rg BT 212.14 402.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 227.13 402.85 Td (2015. ) Tj ET Q q 0 0 0 rg BT 251.58 402.85 Td (As ) Tj ET Q q 0 0 0 rg BT 265.18 402.85 Td (discussed ) Tj ET Q q 0 0 0 rg BT 306.01 402.85 Td (in ) Tj ET Q q 0 0 0 rg BT 316.28 402.85 Td (Note ) Tj ET Q q 0 0 0 rg BT 338.21 402.85 Td (1 ) Tj ET Q q 0 0 0 rg BT 345.71 402.85 Td (to ) Tj ET Q q 0 0 0 rg BT 355.98 402.85 Td (the ) Tj ET Q q 0 0 0 rg BT 370.69 402.85 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 423.73 402.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 461.20 402.85 Td (statements, ) Tj ET Q q 0 0 0 rg BT 508.41 402.85 Td (the ) Tj ET Q q 0 0 0 rg BT 523.12 402.85 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 390.85 Td (changed ) Tj ET Q q 0 0 0 rg BT 85.85 390.85 Td (the ) Tj ET Q q 0 0 0 rg BT 100.61 390.85 Td (classification ) Tj ET Q q 0 0 0 rg BT 155.91 390.85 Td (of ) Tj ET Q q 0 0 0 rg BT 166.77 390.85 Td (its ) Tj ET Q q 0 0 0 rg BT 178.76 390.85 Td (debt ) Tj ET Q q 0 0 0 rg BT 198.51 390.85 Td (issuance ) Tj ET Q q 0 0 0 rg BT 234.93 390.85 Td (costs ) Tj ET Q q 0 0 0 rg BT 257.47 390.85 Td (to ) Tj ET Q q 0 0 0 rg BT 267.78 390.85 Td (be ) Tj ET Q q 0 0 0 rg BT 279.76 390.85 Td (presented ) Tj ET Q q 0 0 0 rg BT 320.61 390.85 Td (as ) Tj ET Q q 0 0 0 rg BT 331.48 390.85 Td (a ) Tj ET Q q 0 0 0 rg BT 338.46 390.85 Td (direct ) Tj ET Q q 0 0 0 rg BT 363.76 390.85 Td (reduction ) Tj ET Q q 0 0 0 rg BT 404.06 390.85 Td (from ) Tj ET Q q 0 0 0 rg BT 426.04 390.85 Td (the ) Tj ET Q q 0 0 0 rg BT 440.79 390.85 Td (carrying ) Tj ET Q q 0 0 0 rg BT 476.65 390.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 509.18 390.85 Td (of ) Tj ET Q q 0 0 0 rg BT 520.05 390.85 Td (the ) Tj ET Q q 0 0 0 rg BT 534.80 390.85 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.85 Td (liability ) Tj ET Q q 0 0 0 rg BT 84.25 378.85 Td (on ) Tj ET Q q 0 0 0 rg BT 97.39 378.85 Td (the ) Tj ET Q q 0 0 0 rg BT 112.75 378.85 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 166.43 378.85 Td (balance ) Tj ET Q q 0 0 0 rg BT 200.10 378.85 Td (sheet ) Tj ET Q q 0 0 0 rg BT 223.79 378.85 Td (as ) Tj ET Q q 0 0 0 rg BT 235.26 378.85 Td (a ) Tj ET Q q 0 0 0 rg BT 242.84 378.85 Td (result ) Tj ET Q q 0 0 0 rg BT 268.20 378.85 Td (of ) Tj ET Q q 0 0 0 rg BT 279.67 378.85 Td (the ) Tj ET Q q 0 0 0 rg BT 295.03 378.85 Td (adoption ) Tj ET Q q 0 0 0 rg BT 333.17 378.85 Td (and ) Tj ET Q q 0 0 0 rg BT 350.75 378.85 Td (the ) Tj ET Q q 0 0 0 rg BT 366.10 378.85 Td (amendments ) Tj ET Q q 0 0 0 rg BT 419.79 378.85 Td (to ) Tj ET Q q 0 0 0 rg BT 430.71 378.85 Td (the ) Tj ET Q q 0 0 0 rg BT 446.06 378.85 Td (F) Tj ET Q q 0 0 0 rg BT 450.88 378.85 Td (ASB ) Tj ET Q q 0 0 0 rg BT 472.79 378.85 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 522.58 378.85 Td (Standards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.85 Td (Codification ) Tj ET Q q 0 0 0 rg BT 102.49 366.85 Td (resulting ) Tj ET Q q 0 0 0 rg BT 139.99 366.85 Td (in ) Tj ET Q q 0 0 0 rg BT 149.71 366.85 Td (ASU ) Tj ET Q q 0 0 0 rg BT 172.22 366.85 Td (No. ) Tj ET Q q 0 0 0 rg BT 189.44 366.85 Td (2015-03, ) Tj ET Q q 0 0 0 rg BT 227.77 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q 0 0 0 rg BT 239.29 344.85 Td (standards ) Tj ET Q q 0 0 0 rg BT 280.38 344.85 Td (of ) Tj ET Q q 0 0 0 rg BT 292.03 344.85 Td (the ) Tj ET Q q 0 0 0 rg BT 307.57 344.85 Td (Public ) Tj ET Q q 0 0 0 rg BT 336.45 344.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 377.92 344.85 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 427.90 344.85 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 470.65 344.85 Td (Board ) Tj ET Q q 0 0 0 rg BT 498.41 344.85 Td (\(United ) Tj ET Q q 0 0 0 rg BT 532.28 344.85 Td (States\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.85 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 85.52 332.85 Td (Holding ) Tj ET Q q 0 0 0 rg BT 120.49 332.85 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 176.70 332.85 Td (internal ) Tj ET Q q 0 0 0 rg BT 209.43 332.85 Td (control ) Tj ET Q q 0 0 0 rg BT 239.95 332.85 Td (over ) Tj ET Q q 0 0 0 rg BT 259.91 332.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 297.08 332.85 Td (reporting ) Tj ET Q q 0 0 0 rg BT 335.93 332.85 Td (as ) Tj ET Q q 0 0 0 rg BT 346.46 332.85 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.98 332.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 415.25 332.85 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.25 332.85 Td (, ) Tj ET Q q 0 0 0 rg BT 439.95 332.85 Td (based ) Tj ET Q q 0 0 0 rg BT 464.91 332.85 Td (on ) Tj ET Q q 0 0 0 rg BT 477.10 332.85 Td (criteria ) Tj ET Q q 0 0 0 rg BT 507.60 332.85 Td (established ) Tj ET Q q 0 0 0 rg BT 554.23 332.85 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.85 Td (Internal ) Tj ET Q q 0 0 0 rg BT 82.88 320.85 Td (Control-Integrated ) Tj ET Q q 0 0 0 rg BT 159.08 320.85 Td (Framework ) Tj ET Q q 0 0 0 rg BT 206.97 320.85 Td (issued ) Tj ET Q q 0 0 0 rg BT 233.76 320.85 Td (by ) Tj ET Q q 0 0 0 rg BT 245.54 320.85 Td (the ) Tj ET Q q 0 0 0 rg BT 259.54 320.85 Td (Committee ) Tj ET Q q 0 0 0 rg BT 305.77 320.85 Td (of ) Tj ET Q q 0 0 0 rg BT 315.89 320.85 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 363.23 320.85 Td (Or) Tj ET Q q 0 0 0 rg BT 373.60 320.85 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 420.93 320.85 Td (of ) Tj ET Q q 0 0 0 rg BT 431.05 320.85 Td (the ) Tj ET Q q 0 0 0 rg BT 444.92 320.85 Td (T) Tj ET Q q 0 0 0 rg BT 450.68 320.85 Td (readway ) Tj ET Q q 0 0 0 rg BT 486.33 320.85 Td (Commission ) Tj ET Q q 0 0 0 rg BT 538.69 320.85 Td (\(2013 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.85 Td (Framework\) ) Tj ET Q q 0 0 0 rg BT 101.93 308.85 Td (and ) Tj ET Q q 0 0 0 rg BT 118.87 308.85 Td (our ) Tj ET Q q 0 0 0 rg BT 134.70 308.85 Td (report ) Tj ET Q q 0 0 0 rg BT 161.07 308.85 Td (dated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.23 308.85 Td (February28, ) Tj ET Q q 0 0 0 rg BT 238.83 308.85 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.83 308.85 Td ( ) Tj ET Q q 0 0 0 rg BT 261.33 308.85 Td (expressed ) Tj ET Q q 0 0 0 rg BT 303.26 308.85 Td (an ) Tj ET Q q 0 0 0 rg BT 315.20 308.85 Td (adverse ) Tj ET Q q 0 0 0 rg BT 348.23 308.85 Td (opinion ) Tj ET Q q 0 0 0 rg BT 381.29 308.85 Td (thereon.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.85 Td (/s/Ernst& ) Tj ET Q q 0 0 0 rg BT 95.46 265.85 Td (Y) Tj ET Q q 0 0 0 rg BT 101.68 265.85 Td (oung ) Tj ET Q q 0 0 0 rg BT 124.18 265.85 Td (LLP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.85 Td (MetroPark, ) Tj ET Q q 0 0 0 rg BT 97.77 244.85 Td (New ) Tj ET Q q 0 0 0 rg BT 119.15 244.85 Td (Jersey) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.85 Td (February28, ) Tj ET Q q 0 0 0 rg BT 103.60 211.85 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.60 211.85 Td ( ) Tj ET Q endstream endobj 129 0 obj <>] /Rotate 0 /Contents 130 0 R>> endobj 130 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (64) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 749.25 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 749.25 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 749.25 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 749.25 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 749.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 749.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.15 737.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 248.97 737.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 283.52 737.25 Td (A) Tj ET Q q 0 0 0 rg BT 290.00 737.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 354.92 737.25 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 391.68 737.25 Td (TIONS ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 687.75 306.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 687.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 687.75 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 687.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 687.75 65.00 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 632.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 632.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 632.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 604.75 306.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 604.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 604.75 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 604.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 604.75 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 604.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 604.75 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 577.75 306.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 577.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 577.75 65.00 -14.00 re f /GS0 gs 0.8 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/GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 347.75 306.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 347.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 347.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 347.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 347.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 347.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 347.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 319.75 306.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 319.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 319.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 319.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 319.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 319.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 319.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 270.75 306.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 270.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 270.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 270.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 270.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 270.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 270.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 242.75 306.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 242.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 242.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 242.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 242.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 242.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 242.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 214.75 306.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 214.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 214.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 214.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 214.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 214.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 214.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 177.75 306.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 177.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 177.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 177.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 177.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 177.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 177.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 149.75 306.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 149.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 149.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 149.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 149.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 149.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 149.75 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 712.75 m 424 712.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 712.75 m 428 712.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 712.75 m 493 712.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 712.75 m 497 712.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 712.75 m 562 712.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 712.75 m 424 712.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 699.75 m 424 699.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 699.75 m 493 699.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 699.75 m 562 699.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 618.75 m 424 618.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 618.75 m 493 618.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 618.75 m 562 618.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 604.75 m 424 604.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 618.75 m 493 618.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 604.75 m 493 604.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 604.75 m 562 604.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 521.75 m 424 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 521.75 m 493 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 521.75 m 562 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 507.75 m 424 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 521.75 m 493 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 507.75 m 493 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 507.75 m 562 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 493.75 m 424 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 493.75 m 493 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 493.75 m 562 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 396.75 m 424 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 396.75 m 493 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 396.75 m 562 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 396.75 m 424 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 382.75 m 424 382.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 396.75 m 493 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 382.75 m 493 382.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 382.75 m 562 382.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 333.75 m 424 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 333.75 m 493 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 333.75 m 562 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 319.75 m 424 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 319.75 m 493 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 319.75 m 562 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 319.75 m 424 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 305.75 m 424 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 319.75 m 493 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 305.75 m 493 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 319.75 m 562 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 305.75 m 562 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 305.75 m 424 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 285.75 m 424 285.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 283.75 m 424 283.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 305.75 m 493 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 285.75 m 493 285.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 283.75 m 493 283.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 285.75 m 562 285.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 283.75 m 562 283.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 243.75 m 424 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 241.75 m 424 241.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 243.75 m 493 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 241.75 m 493 241.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 243.75 m 562 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 241.75 m 562 241.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 241.75 m 424 241.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 243.75 m 424 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 229.75 m 424 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 227.75 m 424 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 241.75 m 493 241.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 243.75 m 493 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 229.75 m 493 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 227.75 m 493 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 241.75 m 562 241.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 243.75 m 562 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 229.75 m 562 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 227.75 m 562 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 178.75 m 424 178.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 176.75 m 424 176.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 178.75 m 493 178.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 176.75 m 493 176.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 178.75 m 562 178.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 176.75 m 562 176.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 176.75 m 424 176.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 178.75 m 424 178.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 164.75 m 424 164.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 162.75 m 424 162.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 176.75 m 493 176.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 178.75 m 493 178.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 164.75 m 493 164.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 162.75 m 493 162.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 176.75 m 562 176.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 178.75 m 562 178.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 164.75 m 562 164.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 162.75 m 562 162.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 136.75 m 424 136.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 134.75 m 424 134.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 136.75 m 493 136.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 134.75 m 493 134.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 136.75 m 562 136.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 134.75 m 562 134.75 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 717.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 393.30 717.20 Td (For the Years Ended December 31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 704.01 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.00 704.15 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.00 704.15 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 520.00 704.15 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 385.15 691.15 Td (\(Inmillions,exceptpershareamounts\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 679.01 Td (OPERATING REVENUE:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 665.21 Td (Waste and service revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 665.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.25 665.21 Td (1,187) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 665.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 665.21 Td (1,104) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 665.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 665.21 Td (1,032) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 651.21 Td (Energy revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 651.21 Td (370) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 651.21 Td (421) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 651.21 Td (460) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 637.21 Td (Recycled metals revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.50 637.21 Td (61) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 637.21 Td (61) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 637.21 Td (93) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 623.21 Td (Other operating revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.50 623.21 Td (81) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 623.21 Td (59) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 623.21 Td (97) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 609.21 Td (Total operating revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.25 609.21 Td (1,699) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 609.21 Td (1,645) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 609.21 Td (1,682) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 596.01 Td (OPERATING EXPENSE:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 582.21 Td (Plant operating expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.25 582.21 Td (1,177) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 582.21 Td (1,129) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 582.21 Td (1,055) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 568.21 Td (Other operating expense, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.50 568.21 Td (86) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 568.21 Td (73) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 568.21 Td (101) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 554.21 Td (General and administrative expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 554.21 Td (100) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 554.21 Td (93) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 554.21 Td (97) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 540.21 Td (Depreciation and amortization expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 540.21 Td (207) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 540.21 Td (198) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 540.21 Td (211) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 526.21 Td (Impairment charges) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.50 526.21 Td (20) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 526.21 Td (43) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 526.21 Td (64) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 512.21 Td (Total operating expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.25 512.21 Td (1,590) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 512.21 Td (1,536) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 512.21 Td (1,528) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 498.21 Td (Operating income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 498.21 Td (109) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 498.21 Td (109) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 498.21 Td (154) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 485.15 Td (Other income \(expense\):) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 471.21 Td (Investment income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.00 471.21 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 471.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 471.21 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 457.21 Td (Interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.00 457.21 Td (\(139) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 457.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 457.21 Td (\(134) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 457.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.00 457.21 Td (\(135) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 457.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 443.21 Td (Non-cash convertible debt related expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.50 443.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 443.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 443.21 Td (\(13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 443.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 429.21 Td (Gain on asset sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.50 429.21 Td (44) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 429.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 429.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 415.21 Td (Loss on extinguishment of debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.50 415.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.00 415.21 Td (\(2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 415.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.00 415.21 Td (\(2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 415.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 401.21 Td (Other expense, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.00 401.21 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 401.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.00 401.21 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 401.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.00 401.21 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 401.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 387.21 Td (Total other expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.50 387.21 Td (\(95) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 387.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 387.21 Td (\(137) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 387.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.00 387.21 Td (\(150) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 387.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 374.01 Td (Income \(loss\) before income tax \(expense\) benefit and equity in net income from) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 60.50 365.01 Td (unconsolidated investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.50 366.21 Td (14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.50 366.21 Td (\(28) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 366.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 366.21 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 352.21 Td (Income tax \(expense\) benefit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.50 352.21 Td (\(22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 352.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 352.21 Td (84) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 352.21 Td (\(15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 352.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 338.21 Td (Equity in net income from unconsolidated investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.00 338.21 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 338.21 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 338.21 Td (10) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 324.20 Td (NET \(LOSS\) INCOME) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.00 324.21 Td (\(4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 324.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 324.21 Td (69) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.00 324.21 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 324.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 310.21 Td (Less: Net income attributable to noncontrolling interests in subsidiaries) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.50 310.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 310.21 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 310.21 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 297.15 Td (NET \(LOSS\) INCOME ATTRIBUTABLE TO COVANTA HOLDING) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 288.15 Td (CORPORATION) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 289.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.00 289.21 Td (\(4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 289.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 289.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 289.21 Td (68) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 289.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.00 289.21 Td (\(2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 289.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 261.20 Td (Weighted Average Common Shares Outstanding) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 247.21 Td (Basic) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 247.21 Td (129) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 247.21 Td (132) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 247.21 Td (130) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 233.21 Td (Diluted) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 233.21 Td (129) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 233.21 Td (133) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 233.21 Td (130) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 205.20 Td (\(Loss\) Income Per Share Attributable to Covanta Holding Corporation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 196.20 Td (Stockholders:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 182.21 Td (Basic) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 182.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.75 182.21 Td (\(0.03) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 182.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 182.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.75 182.21 Td (0.52) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 182.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.75 182.21 Td (\(0.01) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 182.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 168.21 Td (Diluted) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 168.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.75 168.21 Td (\(0.03) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 168.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 168.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.75 168.21 Td (0.51) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 168.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.75 168.21 Td (\(0.01) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 168.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 140.20 Td (Cash Dividend Declared Per Share:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 140.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 140.21 Td (1.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 140.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.75 140.21 Td (1.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 140.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 140.21 Td (0.86) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 100.25 Td (The accompanying notes are an integral part of the consolidated financial statements.) Tj ET Q endstream endobj 131 0 obj <>] /Rotate 0 /Contents 132 0 R>> endobj 132 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 42.60 Td (65) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 740.25 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 740.25 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 740.25 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 740.25 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 740.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 740.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.40 728.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 197.22 728.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 231.78 728.25 Td (A) Tj ET Q q 0 0 0 rg BT 238.25 728.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 303.17 728.25 Td ( COMPREHENSIVE \(LOSS\) INCOME ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 711.45 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 658.95 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 658.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 658.95 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 658.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 658.95 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 658.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 658.95 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 628.95 337.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 628.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 628.95 54.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 628.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 628.95 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 628.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 628.95 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 588.95 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 588.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 588.95 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 588.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 588.95 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 588.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 588.95 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 558.95 337.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 558.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 558.95 54.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 558.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 558.95 55.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 558.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 558.95 55.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 686.95 m 445 686.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 686.95 m 449 686.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 686.95 m 504 686.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 686.95 m 508 686.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 686.95 m 563 686.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 686.95 m 445 686.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 672.95 m 445 672.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 672.95 m 504 672.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 672.95 m 563 672.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 672.95 m 445 672.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 672.95 m 504 672.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 672.95 m 563 672.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 643.95 m 445 643.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 643.95 m 504 643.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 643.95 m 563 643.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 643.95 m 445 643.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 643.95 m 504 643.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 643.95 m 563 643.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 588.95 m 445 588.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 588.95 m 504 588.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 588.95 m 563 588.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 573.95 m 445 573.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 573.95 m 504 573.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 573.95 m 563 573.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 558.95 m 445 558.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 558.95 m 504 558.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 558.95 m 563 558.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 542.95 m 445 542.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 542.95 m 504 542.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 542.95 m 563 542.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 528.95 m 445 528.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 526.95 m 445 526.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 528.95 m 504 528.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 526.95 m 504 526.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 528.95 m 563 528.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 526.95 m 563 526.95 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 691.20 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 409.80 691.40 Td (For the Years Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 677.20 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 408.50 677.40 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.00 677.40 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.00 677.40 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 663.20 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.85 663.40 Td (\(Inmillions\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 648.62 Td (Net \(loss\) income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.50 648.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.80 648.67 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 648.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.50 648.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 648.62 Td (69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.50 648.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 648.67 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 648.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 633.62 Td (Foreign currency translation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.80 633.67 Td (\(7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 633.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.80 633.67 Td (\(22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.15 633.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 633.67 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 633.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 618.62 Td (Net unrealized \(loss\) gain on derivative instruments, net of tax \(benefit\) expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 608.62 Td (of $\(8\), $7, and $2, respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.80 608.67 Td (\(21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 608.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 608.62 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 608.67 Td (\(7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 608.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 593.62 Td (Net unrealized loss on available for sale securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 593.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 593.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 593.67 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 593.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 578.62 Td (Other comprehensive loss attributable to Covanta Holding Corporation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.80 578.67 Td (\(28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 578.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.80 578.67 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.15 578.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 578.67 Td (\(20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 578.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 563.62 Td (Comprehensive \(loss\) income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.80 563.67 Td (\(32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 563.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 563.62 Td (57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 563.67 Td (\(21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 563.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 547.62 Td (Less: Net income attributable to noncontrolling interests in subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 547.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 547.62 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 547.62 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 532.62 Td (Comprehensive \(loss\) income attributable to Covanta Holding Corporation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.50 532.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.80 532.67 Td (\(32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 532.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.50 532.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 532.62 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.50 532.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 532.67 Td (\(22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 532.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 492.45 Td (The accompanying notes are an integral part of the consolidated financial statements.) 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[] 0 d 0 J 0 j 3 M 428 493.75 m 493 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 495.75 m 562 495.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 493.75 m 562 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 410.75 m 493 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 410.75 m 562 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 338.75 m 493 338.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 338.75 m 562 338.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 326.75 m 493 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 326.75 m 562 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 211.75 m 493 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 211.75 m 562 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 185.75 m 493 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 185.75 m 562 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 173.75 m 493 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 173.75 m 562 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 162.75 m 493 162.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 160.75 m 493 160.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 162.75 m 562 162.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 160.75 m 562 160.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 722.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.45 722.83 Td (As of December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 710.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.00 709.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.00 709.98 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 691.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.20 697.83 Td (\(Inmillions,exceptper) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.20 689.83 Td (shar) Tj ET Q q 0 0 0 rg BT 483.17 689.83 Td (eamounts\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 223.10 678.83 Td (ASSETS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 666.83 Td (Current:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 654.00 Td (Cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 654.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.15 654.01 Td (84) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 654.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 654.01 Td (94) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 641.00 Td (Restricted funds held in trust) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.15 641.01 Td (56) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 641.01 Td (77) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 628.00 Td (Receivables \(less allowances of $9 million and $7 million, respectively\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.65 628.01 Td (332) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 628.01 Td (312) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 615.00 Td (Prepaid expenses and other current assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.15 615.01 Td (72) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 615.01 Td (117) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 602.00 Td (Assets held for sale) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.15 602.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 602.01 Td (97) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 588.98 Td (Total Current Assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.65 589.01 Td (544) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 589.01 Td (697) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 576.00 Td (Property, plant and equipment, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.90 576.01 Td (3,024) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 576.01 Td (2,690) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 563.00 Td (Restricted funds held in trust) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.15 563.01 Td (54) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 563.01 Td (83) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 550.00 Td (Waste, service and energy contracts, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.65 550.01 Td (263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 550.01 Td (284) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 537.00 Td (Other intangible assets, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.15 537.01 Td (34) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 537.01 Td (38) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 524.00 Td (Goodwill) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.65 524.01 Td (302) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 524.01 Td (301) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 511.00 Td (Other assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.15 511.01 Td (63) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 511.01 Td (141) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 498.83 Td (Total Assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 498.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.90 498.01 Td (4,284) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 498.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 498.01 Td (4,234) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 187.20 486.83 Td (LIABILITIES AND EQUITY) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 474.83 Td (Current:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 462.70 Td (Current portion of long-term debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 462.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.65 462.01 Td (9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 462.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 462.01 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 450.70 Td (Current portion of project debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.15 450.01 Td (22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 450.01 Td (16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 438.70 Td (Accounts payable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.15 438.01 Td (98) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 438.01 Td (90) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 426.70 Td (Accrued expenses and other current liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.65 426.01 Td (289) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 426.01 Td (234) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 414.70 Td (Liabilities held for sale) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.15 414.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 414.01 Td (23) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 402.83 Td (Total Current Liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.65 402.01 Td (418) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 402.01 Td (371) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 390.70 Td (Long-term debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.90 390.01 Td (2,243) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 390.01 Td (2,255) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 378.70 Td (Project debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.65 378.01 Td (361) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 378.01 Td (182) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 366.70 Td (Deferred income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.65 366.01 Td (617) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 366.01 Td (595) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 354.70 Td (Waste and service contracts, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.65 354.01 Td (7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 354.01 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 342.70 Td (Other liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.65 342.01 Td (169) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 342.01 Td (178) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 330.83 Td (Total Liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.90 330.01 Td (3,815) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 330.01 Td (3,594) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 318.83 Td (Commitments and Contingencies \(Note18\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 306.83 Td (Equity:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 294.83 Td (Covanta Holding Corporation stockholders' equity:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 282.00 Td (Preferred stock \($0.10par value; authorized 10shares; none issued and outstanding\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.15 282.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 282.01 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 268.00 Td (Common stock \($0.10 par value; authorized 250 shares; issued 136 shares, outstanding 130 and 131, respectively\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.15 268.21 Td (14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 268.21 Td (14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 255.00 Td (Additional paid-in capital) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.65 255.01 Td (807) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 255.01 Td (801) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 242.00 Td (Accumulated other comprehensive loss) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.15 242.01 Td (\(62) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.15 242.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 242.01 Td (\(34) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 242.01 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 229.00 Td (Accumulated deficit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.65 229.01 Td (\(289) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.15 229.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.00 229.01 Td (\(143) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 229.01 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 216.00 Td (Treasury stock, at par) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.65 216.01 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.15 216.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 216.01 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 203.00 Td (Total Covanta Holding Corporation stockholders' equity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.65 203.01 Td (469) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 203.01 Td (638) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 190.00 Td (Noncontrolling interests in subsidiaries) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.15 190.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 190.01 Td (2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 177.83 Td (Total Equity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.65 177.01 Td (469) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 177.01 Td (640) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 165.83 Td (Total Liabilities and Equity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 165.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.90 165.01 Td (4,284) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 165.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 165.01 Td (4,234) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 144.25 Td (The accompanying notes are an integral part of the consolidated financial statements.) 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0 rg BT 357.27 741.75 Td ( CASH FLOW) Tj ET Q q 0 0 0 rg BT 420.43 741.75 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 692.25 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 692.25 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 692.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 692.25 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 692.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 692.25 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 657.25 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 657.25 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 657.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 657.25 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 657.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 657.25 56.00 -14.00 re f /GS0 gs 0.8 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0.9333333333333333 1 rg /GS0 gs 388.00 210.25 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 210.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 210.25 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 210.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 210.25 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 182.25 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 182.25 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 182.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 182.25 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 182.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 182.25 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 154.25 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 154.25 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 154.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 154.25 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 154.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 154.25 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 718.25 m 443 718.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 718.25 m 447 718.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 718.25 m 502 718.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 718.25 m 506 718.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 718.25 m 562 718.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 718.25 m 443 718.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 705.25 m 443 705.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 705.25 m 502 705.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 705.25 m 562 705.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 705.25 m 443 705.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 705.25 m 502 705.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 705.25 m 562 705.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 363.25 m 443 363.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 363.25 m 502 363.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 363.25 m 562 363.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 349.25 m 443 349.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 349.25 m 447 349.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 349.25 m 502 349.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 349.25 m 562 349.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 321.25 m 443 321.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 321.25 m 502 321.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 321.25 m 562 321.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 321.25 m 443 321.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 307.25 m 443 307.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 321.25 m 502 321.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 307.25 m 502 307.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 321.25 m 562 321.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 307.25 m 562 307.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 168.25 m 443 168.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 168.25 m 502 168.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 168.25 m 562 168.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 168.25 m 502 168.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 168.25 m 562 168.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 140.25 m 443 140.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 140.25 m 502 140.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 140.25 m 562 140.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 126.25 m 443 126.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 126.25 m 502 126.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 126.25 m 562 126.25 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.25 722.48 Td (For the Years Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 709.50 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.00 709.48 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.00 709.48 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.50 709.48 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 696.48 Td (OPERATING ACTIVITIES:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.45 696.48 Td (\(In millions\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 682.50 Td (Net \(loss\) income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.50 682.71 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.00 682.71 Td (\(4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 682.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.50 682.71 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 682.71 Td (69) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.50 682.71 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.00 682.71 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 682.71 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 661.50 Td (Adjustments to reconcile net \(loss\) income to net cash provided by operating activities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 647.50 Td (Depreciation and amortization expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 647.71 Td (207) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 647.71 Td (198) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 647.71 Td (211) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 633.50 Td (Amortization of long-term debt deferred financing costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.00 633.71 Td (6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 633.71 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 633.71 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 619.50 Td (Gain on asset sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.50 619.71 Td (\(44) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 619.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 619.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 619.71 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 605.50 Td (Impairment charges) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 605.71 Td (20) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 605.71 Td (43) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 605.71 Td (64) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 591.50 Td (Amortization of debt premium and discount) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.00 591.71 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 591.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.00 591.71 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 591.71 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 577.50 Td (Loss on extinguishment of debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 577.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 577.71 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 577.71 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 563.50 Td (Non-cash convertible debt related expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 563.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 563.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 563.71 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 549.50 Td (Provision for doubtful accounts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.00 549.71 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 549.71 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 549.71 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 535.50 Td (Stock-based compensation expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 535.71 Td (16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 535.71 Td (18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 535.71 Td (17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 521.50 Td (Equity in net income from unconsolidated investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.00 521.71 Td (\(4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 521.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.50 521.71 Td (\(13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.50 521.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 521.71 Td (\(10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 521.71 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 507.50 Td (Dividends from unconsolidated investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.00 507.71 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 507.71 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 507.71 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 493.50 Td (Deferred income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 493.71 Td (21) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.50 493.71 Td (\(11) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.50 493.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 493.71 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 479.50 Td (IRS audit settlement) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 479.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.50 479.71 Td (\(93) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.50 479.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 479.71 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 465.50 Td (Change in restricted funds held in trust) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 465.71 Td (22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 465.71 Td (28) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 465.71 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 451.50 Td (Other, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.00 451.71 Td (\(6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 451.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 451.71 Td (16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 451.71 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 437.50 Td (Change in operating assets and liabilities, net of effects of acquisitions:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 79.50 423.50 Td (Receivables) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.50 423.71 Td (\(19) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 423.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.50 423.71 Td (\(12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.50 423.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 423.71 Td (\(40) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 423.71 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 79.50 409.50 Td (Debt services billings in excess of revenue recognized) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.00 409.71 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 409.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 409.71 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 409.71 Td (17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 79.50 395.50 Td (Accounts payable and accrued expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 395.71 Td (45) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.00 395.71 Td (\(8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.50 395.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 395.71 Td (57) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 79.50 381.50 Td (Deferred revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.00 381.71 Td (\(2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 381.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.00 381.71 Td (\(5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.50 381.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 381.71 Td (\(22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 381.71 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 79.50 367.50 Td (Other, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 367.71 Td (20) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.00 367.71 Td (\(2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.50 367.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.00 367.71 Td (\(7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 367.71 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 353.50 Td (Total adjustments for continuing operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 353.71 Td (286) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 353.71 Td (180) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 353.71 Td (341) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 339.50 Td (Net cash provided by operating activities from continuing operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 339.71 Td (282) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 339.71 Td (249) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 339.71 Td (340) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 325.50 Td (Net cash provided by operating activities from discontinued operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 325.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 325.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 325.71 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 311.50 Td (Net cash provided by operating activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 311.71 Td (282) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 311.71 Td (249) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 311.71 Td (341) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 298.48 Td (INVESTING ACTIVITIES:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 284.50 Td (Purchase of property, plant and equipment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 423.00 284.71 Td (\(359) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 284.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.00 284.71 Td (\(376) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.50 284.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.00 284.71 Td (\(216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 284.71 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 270.50 Td (Acquisition of businesses, net of cash acquired) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.00 270.71 Td (\(9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 270.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.50 270.71 Td (\(72) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.50 270.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 270.71 Td (\(13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 270.71 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 256.50 Td (Acquisition of noncontrolling interests in subsidiaries) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 256.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 256.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 256.71 Td (\(12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 256.71 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 242.50 Td (Purchase of investment securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 242.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 242.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.00 242.71 Td (\(4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 242.71 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 228.50 Td (Proceeds from asset sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 228.71 Td (109) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 228.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 228.71 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 214.50 Td (Property insurance proceeds) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.00 214.71 Td (3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 214.71 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 214.71 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 200.50 Td (Proceeds from the sale of investment securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 200.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 200.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 200.71 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 186.50 Td (Proceeds from available-for-sale marketable securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 186.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 186.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 186.71 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 172.50 Td (Other, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.00 172.71 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.00 172.71 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.50 172.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.00 172.71 Td (\(6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 172.71 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 158.50 Td (Net cash used in investing activities from continuing operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 423.00 158.71 Td (\(254) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 158.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.00 158.71 Td (\(448) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.50 158.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.00 158.71 Td (\(232) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 158.71 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 144.50 Td (Net cash provided by investing activities from discontinued operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 144.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 144.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 144.71 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 130.50 Td (Net cash used in investing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 423.00 130.71 Td (\(254) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 130.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.00 130.71 Td (\(448) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.50 130.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.00 130.71 Td (\(229) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 130.71 Td (\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 137 0 obj <>] /Rotate 0 /Contents 138 0 R>> endobj 138 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (68) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 741.75 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 741.75 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 741.75 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 741.75 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 741.75 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 741.75 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 160.65 729.75 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 220.47 729.75 Td (TED ST) Tj ET Q q 0 0 0 rg BT 255.03 729.75 Td (A) Tj ET Q q 0 0 0 rg BT 261.50 729.75 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 326.42 729.75 Td ( CASH FLOW) Tj ET Q q 0 0 0 rg BT 389.58 729.75 Td ( \(Continued\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 720.15 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 655.65 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 655.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 655.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 655.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 655.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 655.65 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 627.65 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 627.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 627.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 627.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 627.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 627.65 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 599.65 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 599.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 599.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 599.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 599.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 599.65 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 571.65 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 571.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 571.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 571.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 571.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 571.65 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 543.65 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 543.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 543.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 543.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 543.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 543.65 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 515.65 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 515.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 515.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 515.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 515.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 515.65 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 487.65 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 487.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 487.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 487.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 487.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 487.65 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 459.65 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 459.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 459.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 459.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 459.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 459.65 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 431.65 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 431.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 431.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 431.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 431.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 431.65 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 403.65 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 403.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 403.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 403.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 403.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 403.65 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 375.65 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 375.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 375.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 375.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 375.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 375.65 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 347.65 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 347.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 347.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 347.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 347.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 347.65 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 319.65 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 319.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 319.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 319.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 319.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 319.65 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 255.65 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 255.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 255.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 255.65 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 255.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 255.65 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 694.65 m 442.5 694.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 694.65 m 446.5 694.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 694.65 m 501.5 694.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 694.65 m 505.5 694.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 694.65 m 561.5 694.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 681.65 m 442.5 681.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 681.65 m 501.5 681.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 681.65 m 561.5 681.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 417.65 m 442.5 417.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 417.65 m 501.5 417.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 417.65 m 561.5 417.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 389.65 m 442.5 389.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 389.65 m 501.5 389.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 389.65 m 561.5 389.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 375.65 m 442.5 375.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 375.65 m 501.5 375.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 375.65 m 561.5 375.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 375.65 m 442.5 375.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 361.65 m 442.5 361.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 375.65 m 501.5 375.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 361.65 m 501.5 361.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 375.65 m 561.5 375.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 361.65 m 561.5 361.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 361.65 m 442.5 361.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 361.65 m 501.5 361.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 361.65 m 561.5 361.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 333.65 m 442.5 333.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 333.65 m 501.5 333.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 333.65 m 561.5 333.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 333.65 m 561.5 333.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 305.65 m 442.5 305.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 305.65 m 501.5 305.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 305.65 m 561.5 305.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 292.65 m 442.5 292.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 290.65 m 442.5 290.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 292.65 m 501.5 292.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 290.65 m 501.5 290.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 292.65 m 561.5 292.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 290.65 m 561.5 290.65 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.75 698.88 Td (For the Years Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 685.90 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.50 685.88 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.50 685.88 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.00 685.88 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.95 672.88 Td (\(In millions\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 659.88 Td (FINANCING ACTIVITIES:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 645.90 Td (Proceeds from borrowings on long-term debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 646.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.50 646.11 Td (294) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.50 646.11 Td (412) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 631.90 Td (Proceeds from borrowings on revolving credit facility) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.50 632.11 Td (744) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.50 632.11 Td (895) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.50 632.11 Td (531) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 617.90 Td (Proceeds from equipment financing capital lease) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 618.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.00 618.11 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 618.11 Td (63) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 603.90 Td (Proceeds from borrowings on project debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 604.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.00 604.11 Td (59) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 604.11 Td (63) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 589.90 Td (Proceeds from borrowings on Dublin project financing) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.50 590.11 Td (159) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.00 590.11 Td (86) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 590.11 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 575.90 Td (Proceeds from the exercise of options for common stock, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 576.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.00 576.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 576.11 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 561.90 Td (Proceeds from settlement of Note Hedge) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 562.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.00 562.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 562.11 Td (\(83) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 562.11 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 547.90 Td (Payments related to Cash Conversion Option) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 548.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.00 548.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 548.11 Td (83) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 533.90 Td (Principal payments on long-term debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.50 534.11 Td (\(4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 534.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.50 534.11 Td (\(196) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 534.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.50 534.11 Td (\(557) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 534.11 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 519.90 Td (Payments of borrowings on revolving credit facility) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.50 520.11 Td (\(749) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 520.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.50 520.11 Td (\(692) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 520.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.50 520.11 Td (\(496) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 520.11 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 505.90 Td (Payments of equipment financing capital lease) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.50 506.11 Td (\(4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 506.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.50 506.11 Td (\(4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 506.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 506.11 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 506.11 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 491.90 Td (Principal payments on project debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.00 492.11 Td (\(51) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 492.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.00 492.11 Td (\(85) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 492.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 492.11 Td (\(52) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 492.11 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 477.90 Td (Payments of deferred financing costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.50 478.11 Td (\(6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 478.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.00 478.11 Td (\(11) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 478.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 478.11 Td (\(36) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 478.11 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 463.90 Td (Cash dividends paid to stockholders) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.50 464.11 Td (\(131) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 464.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.50 464.11 Td (\(133) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 464.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.50 464.11 Td (\(101) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 464.11 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 449.90 Td (Common stock repurchased) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.00 450.11 Td (\(20) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 450.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.00 450.11 Td (\(30) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 450.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 450.11 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 435.90 Td (Change in restricted funds held in trust) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 436.11 Td (28) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.50 436.11 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 436.11 Td (\(43) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 436.11 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 421.90 Td (Other, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.50 422.11 Td (\(6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 422.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.50 422.11 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 422.11 Td (\(3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 422.11 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 407.90 Td (Net cash \(used in\) provided by financing activities from continuing operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.00 408.11 Td (\(40) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 408.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.50 408.11 Td (208) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.50 408.11 Td (\(210) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 408.11 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 393.90 Td (Net cash used in financing activities from discontinued operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 394.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.00 394.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 394.11 Td (\(6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 394.11 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 379.90 Td (Net cash \(used in\) provided by financing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.00 380.11 Td (\(40) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 380.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.50 380.11 Td (208) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.50 380.11 Td (\(216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 380.11 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 365.90 Td (Effect of exchange rate changes on cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 366.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.50 366.11 Td (\(4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 366.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 366.11 Td (\(5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 366.11 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 351.90 Td (Net \(decrease\) increase in cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.00 352.11 Td (\(12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 352.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.50 352.11 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.50 352.11 Td (\(109) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 352.11 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 337.90 Td (Cash and cash equivalents at beginning of period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 338.11 Td (96) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.00 338.11 Td (91) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.50 338.11 Td (200) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 323.90 Td (Cash and cash equivalents at end of period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 324.11 Td (84) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.00 324.11 Td (96) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 324.11 Td (91) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 309.90 Td (Less: Cash and cash equivalents of assets held for sale and discontinued operations at end of period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 310.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.50 310.11 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.50 310.11 Td (7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 295.90 Td (Cash and cash equivalents of continuing operations at end of period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.00 296.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 296.11 Td (84) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.00 296.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.00 296.11 Td (94) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.00 296.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 296.11 Td (84) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 259.90 Td (Cash Paid for Interest and Income Taxes:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 245.90 Td (Interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.00 246.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.50 246.11 Td (150) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.00 246.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.50 246.11 Td (141) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.00 246.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.50 246.11 Td (121) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 231.90 Td (Income taxes, net of refunds) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.00 232.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.50 232.11 Td (6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.00 232.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.50 232.11 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.00 232.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 232.11 Td (11) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 180.35 Td (The accompanying notes are an integral part of the consolidated financial statements.) Tj ET Q endstream endobj 139 0 obj <>] /Rotate 0 /Contents 140 0 R>> endobj 140 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (69) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.05 749.25 Td (COV) Tj ET Q q 0 0 0 rg BT 196.98 749.25 Td (ANT) Tj ET Q q 0 0 0 rg BT 217.35 749.25 Td (A) Tj ET Q q 0 0 0 rg BT 224.02 749.25 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 327.17 749.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 354.68 749.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.05 737.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 268.87 737.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 303.43 737.25 Td (A) Tj ET Q q 0 0 0 rg BT 309.90 737.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 374.82 737.25 Td ( EQUITY) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 668.75 134.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.00 668.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.00 668.75 30.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 668.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 668.75 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 668.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 668.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 668.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 668.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 668.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 668.75 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 668.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 668.75 29.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 668.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 668.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 668.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 668.75 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 536.00 668.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 540.00 668.75 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 642.75 134.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.00 642.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.00 642.75 30.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 642.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 642.75 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 642.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 642.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 642.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 642.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 642.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 642.75 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 642.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 642.75 29.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 642.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 642.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 642.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 642.75 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 536.00 642.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 540.00 642.75 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 600.75 134.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.00 600.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.00 600.75 30.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 600.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 600.75 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 600.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 600.75 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 600.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 600.75 53.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 600.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 600.75 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 600.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 600.75 29.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 600.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 600.75 33.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 600.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 600.75 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 536.00 600.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 540.00 600.75 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 566.75 134.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.00 566.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.00 566.75 30.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 566.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 566.75 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 566.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 566.75 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 566.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 566.75 53.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 566.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 566.75 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 566.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 566.75 29.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 566.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 566.75 33.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 566.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 566.75 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 536.00 566.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 540.00 566.75 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 531.75 134.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.00 531.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.00 531.75 30.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 531.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 531.75 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 531.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 531.75 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 531.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 531.75 53.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 531.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 531.75 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 531.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 531.75 29.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 531.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 531.75 33.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 531.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 531.75 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 536.00 531.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 540.00 531.75 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 489.75 134.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.00 489.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.00 489.75 30.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 489.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 489.75 38.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 489.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 489.75 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 489.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 489.75 53.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 489.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 489.75 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 489.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 489.75 29.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 489.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 489.75 33.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 489.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 489.75 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 536.00 489.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 540.00 489.75 36.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 465.75 134.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.00 465.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.00 465.75 30.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 465.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 465.75 38.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 465.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 465.75 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 465.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 465.75 53.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 465.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 465.75 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 465.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 465.75 29.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 465.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 465.75 33.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 465.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 465.75 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 536.00 465.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 540.00 465.75 36.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 441.75 134.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.00 441.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.00 441.75 30.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 441.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 441.75 38.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 441.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 441.75 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 441.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 441.75 53.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 441.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 441.75 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 441.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 441.75 29.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 441.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 441.75 33.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 441.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 441.75 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 536.00 441.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 540.00 441.75 36.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 400.75 134.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.00 400.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.00 400.75 30.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 400.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 400.75 38.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 400.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 400.75 39.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 400.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 400.75 53.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 400.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 400.75 46.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 400.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 400.75 29.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 400.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 400.75 33.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 400.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 400.75 52.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 536.00 400.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 540.00 400.75 36.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 359.75 134.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.00 359.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.00 359.75 30.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 359.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 359.75 38.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 359.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 359.75 39.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 359.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 359.75 53.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 359.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 359.75 46.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 359.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 359.75 29.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 359.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 359.75 33.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 359.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 359.75 52.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 536.00 359.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 540.00 359.75 36.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 309.75 134.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.00 309.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.00 309.75 30.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 309.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 309.75 38.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 309.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 309.75 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 309.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 309.75 53.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 309.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 309.75 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 309.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 309.75 29.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 309.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 309.75 33.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 309.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 309.75 52.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 536.00 309.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 540.00 309.75 36.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 284.75 134.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.00 284.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.00 284.75 30.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 284.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 284.75 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 284.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 284.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 284.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 284.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 284.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 284.75 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 284.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 284.75 29.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 284.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 284.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 284.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 284.75 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 536.00 284.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 540.00 284.75 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 258.75 134.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.00 258.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.00 258.75 30.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 258.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 258.75 38.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 258.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 258.75 39.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 258.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 258.75 53.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 258.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 258.75 46.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 258.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 258.75 29.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 258.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 258.75 33.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 258.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 258.75 52.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 536.00 258.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 540.00 258.75 36.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 216.75 134.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.00 216.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.00 216.75 30.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 216.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 216.75 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 216.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 216.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 216.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 216.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 216.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 216.75 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 216.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 216.75 29.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 216.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 216.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 216.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 216.75 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 536.00 216.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 540.00 216.75 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 182.75 134.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.00 182.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.00 182.75 30.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 182.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 182.75 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 182.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 182.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 182.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 182.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 182.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 182.75 46.00 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0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 714.75 m 307 714.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 714.75 m 360 714.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 714.75 m 364 714.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 714.75 m 410 714.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 714.75 m 414 714.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 714.75 m 443 714.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 714.75 m 447 714.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 714.75 m 480 714.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 693.75 m 218 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 693.75 m 222 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 693.75 m 260 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 693.75 m 443 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 693.75 m 447 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 693.75 m 480 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 680.75 m 218 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 680.75 m 260 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264 680.75 m 303 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 680.75 m 360 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 680.75 m 410 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 693.75 m 443 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 680.75 m 443 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 693.75 m 447 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 693.75 m 480 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 680.75 m 480 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 680.75 m 536 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 540 680.75 m 576 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 489.75 m 218 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 489.75 m 260 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264 489.75 m 303 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 489.75 m 360 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 489.75 m 410 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 489.75 m 443 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 489.75 m 480 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 489.75 m 536 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 540 489.75 m 576 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 309.75 m 218 309.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 309.75 m 260 309.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264 309.75 m 303 309.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 309.75 m 360 309.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 309.75 m 410 309.75 l s 0 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182.75 m 303 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264 170.75 m 303 170.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264 168.75 m 303 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 182.75 m 360 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 170.75 m 360 170.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 168.75 m 360 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 182.75 m 410 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 170.75 m 410 170.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 168.75 m 410 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 182.75 m 443 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 170.75 m 443 170.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 168.75 m 443 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 182.75 m 480 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 170.75 m 480 170.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 168.75 m 480 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 182.75 m 536 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 170.75 m 536 170.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 168.75 m 536 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 540 182.75 m 576 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 540 170.75 m 576 170.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 540 168.75 m 576 168.75 l s BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 718.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.10 718.83 Td (Covanta Holding Corporation Stockholders Equity) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 487.00 698.81 Td (Noncontr) Tj ET Q q 0 0 0 rg BT 515.26 698.81 Td (olling) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 492.70 691.81 Td (Inter) Tj ET Q q 0 0 0 rg BT 507.74 691.81 Td (ests in) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 491.20 684.81 Td (Subsidiaries) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 549.80 684.81 Td (Total) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 697.80 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 200.45 697.81 Td (Common Stock) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 267.05 698.81 Td (Additional) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 271.70 691.81 Td (Paid-In) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 271.90 684.81 Td (Capital) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 313.15 705.81 Td (Accumulated) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 324.10 698.81 Td (Other) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 309.70 691.81 Td (Compr) Tj ET Q q 0 0 0 rg BT 330.96 691.81 Td (ehensive) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 326.15 684.81 Td (Loss) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 366.65 698.81 Td (Accumulated) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 372.85 691.81 Td (Earnings ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 374.25 684.81 Td (\(Deficit\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 423.75 697.81 Td (Treasury Stock) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 684.80 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 192.45 684.81 Td (Shares) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 228.20 684.81 Td (Amount) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 417.95 684.81 Td (Shares) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 450.70 684.81 Td (Amount) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 672.80 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 363.10 672.81 Td (\(In millions\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 660.83 Td (Balance as of December31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 202.80 659.98 Td (136) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 224.50 659.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 248.80 659.98 Td (14) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.50 659.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.75 659.98 Td (790) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.50 659.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.10 659.98 Td (\(2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.80 659.98 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.50 659.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.80 659.98 Td (101) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.80 659.98 Td (6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.50 659.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.10 659.98 Td (\(1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.80 659.98 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.50 659.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.80 659.98 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.50 659.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 560.80 659.98 Td (906) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 647.70 Td (Stock-based compensation expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.75 647.00 Td (17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 564.80 647.00 Td (17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 634.70 Td (Dividend declared) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.10 634.00 Td (\(114) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.80 634.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.10 634.05 Td (\(114) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.80 634.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 621.70 Td (Shares repurchased for tax) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.50 613.70 Td (withholdings for vested stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.50 605.70 Td (awards) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.10 605.00 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.80 605.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 566.10 605.05 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.80 605.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 592.70 Td (Exercise of options to purchase) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.50 584.70 Td (common stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.75 584.00 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.10 584.00 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.80 584.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 564.80 584.00 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 571.70 Td (Exercise of warrants) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.10 571.00 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.80 571.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.80 571.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 568.80 571.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 558.70 Td (Shares issued in non-vested stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.50 550.70 Td (award) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.10 550.00 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.80 550.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 564.80 550.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 537.70 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.80 536.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 568.80 536.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 523.70 Td (Acquisition of noncontrolling interests) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.50 515.70 Td (in subsidiaries) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.10 515.00 Td (\(9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.80 515.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.10 515.00 Td (\(3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 515.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 562.10 515.05 Td (\(12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.80 515.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 502.70 Td (Comprehensive \(loss\) income, net of) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.50 494.70 Td (income taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.10 494.00 Td (\(20) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.80 494.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.10 494.00 Td (\(2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.80 494.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.80 494.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 562.10 494.05 Td (\(21) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.80 494.00 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 481.83 Td (Balance as of December31, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 202.80 481.83 Td (136) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 224.50 481.83 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 248.80 481.83 Td (14) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.50 481.83 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.75 481.83 Td (805) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.50 481.83 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.10 481.83 Td (\(22) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.80 481.83 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.50 481.83 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.10 481.83 Td (\(15) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.80 481.83 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.80 481.83 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.50 481.83 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.80 481.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.50 481.83 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.80 481.83 Td (2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.50 481.83 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 560.80 481.83 Td (784) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 469.70 Td (Opening retained earnings adjustment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.10 469.70 Td (\(45) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.80 469.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 562.10 469.75 Td (\(45) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.80 469.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 457.70 Td (Stock-based compensation expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.75 457.70 Td (18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 564.80 457.70 Td (18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 445.70 Td (Dividend declared) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.10 445.70 Td (\(133) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.80 445.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.10 445.75 Td (\(133) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.80 445.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 433.70 Td (Common stock repurchased) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.10 433.70 Td (\(13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.80 433.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.10 433.70 Td (\(19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.80 433.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.80 433.70 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 562.10 433.75 Td (\(32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.80 433.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 421.70 Td (Shares repurchased for tax) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.50 413.70 Td (withholdings for vested stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.50 405.70 Td (awards) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.10 405.00 Td (\(5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.80 405.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 566.10 405.05 Td (\(5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.80 405.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 392.70 Td (Distribution to partners of) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.50 384.70 Td (noncontrolling interest of) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.50 376.70 Td (subsidiaries) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.10 376.00 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 376.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 566.10 376.05 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.80 376.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 363.70 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.80 363.70 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 568.80 363.70 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 351.70 Td (Adjustment for acquisition of) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.50 343.70 Td (noncontrolling interests in) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.50 335.70 Td (subsidiaries) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.10 335.00 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.80 335.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 566.10 335.05 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.80 335.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 322.70 Td (Comprehensive \(loss\) income, net of) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.50 314.70 Td (income taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.10 314.00 Td (\(12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.80 314.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.80 314.00 Td (68) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.80 314.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 564.80 314.00 Td (57) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 301.83 Td (Balance as of December31, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 202.80 301.83 Td (136) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 224.50 301.83 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 248.80 301.83 Td (14) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.50 301.83 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.75 301.83 Td (801) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.50 301.83 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.10 301.83 Td (\(34) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.80 301.83 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.50 301.83 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.10 301.83 Td (\(143) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.80 301.83 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.80 301.83 Td (5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.50 301.83 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.80 301.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.50 301.83 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.80 301.83 Td (2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.50 301.83 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 560.80 301.83 Td (640) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 289.70 Td (Stock-based compensation expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.75 289.00 Td (16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 564.80 289.00 Td (16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 276.70 Td (Dividend declared) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.10 276.00 Td (\(132) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.80 276.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.10 276.05 Td (\(132) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.80 276.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 263.70 Td (Common stock repurchased) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.10 263.00 Td (\(6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.80 263.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.10 263.00 Td (\(11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.80 263.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.80 263.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.10 263.00 Td (\(1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.80 263.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 562.10 263.05 Td (\(18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.80 263.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 250.70 Td (Shares repurchased for tax) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.50 242.70 Td (withholdings for vested stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.50 234.70 Td (awards) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.10 234.00 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.80 234.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 566.10 234.05 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.80 234.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 221.70 Td (Exchange of China equity investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.10 221.00 Td (\(2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 221.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 566.10 221.05 Td (\(2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.80 221.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 208.70 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.80 208.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 568.80 208.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 195.70 Td (Comprehensive loss, net of income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.50 187.70 Td (taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.10 187.00 Td (\(28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.80 187.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.10 187.00 Td (\(4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.80 187.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.80 187.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 562.10 187.05 Td (\(32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 572.80 187.00 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 174.83 Td (Balance as of December31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 202.80 173.98 Td (136) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 224.50 173.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 248.80 173.98 Td (14) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.50 173.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.75 173.98 Td (807) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.50 173.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.10 173.98 Td (\(62) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.80 173.98 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.50 173.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.10 173.98 Td (\(289) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.80 173.98 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.80 173.98 Td (6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.50 173.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.10 173.98 Td (\(1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.80 173.98 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.50 173.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.80 173.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.50 173.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 560.80 173.98 Td (469) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 159.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.25 123.45 Td (The accompanying notes are an integral part of the consolidated financial statements.) Tj ET Q endstream endobj 141 0 obj <>] /Rotate 0 /Contents 142 0 R>> endobj 142 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 758.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 758.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 758.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 758.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 758.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 758.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.30 746.60 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 211.52 746.60 Td (T) Tj ET Q q 0 0 0 rg BT 218.01 746.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.11 746.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 367.29 746.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 381.28 746.60 Td (A) Tj ET Q q 0 0 0 rg BT 387.76 746.60 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (70) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (NOTE 1. ORGANIZA) Tj ET Q q 0 0 0 rg BT 144.60 713.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 172.11 713.25 Td (AND SUMMAR) Tj ET Q q 0 0 0 rg BT 242.03 713.25 Td (Y) Tj ET Q q 0 0 0 rg BT 248.88 713.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 264.90 713.25 Td ( SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 333.89 713.25 Td ( ) Tj ET Q q 0 0 0 rg BT 335.84 713.25 Td (ACCOUNTING POLICIES ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 695.25 Td (The ) Tj ET Q q 0 0 0 rg BT 75.55 695.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 99.27 695.25 Td (we, ) Tj ET Q q 0 0 0 rg BT 123.81 695.25 Td (our) Tj ET Q q 0 0 0 rg BT 141.18 695.25 Td (, ) Tj ET Q q 0 0 0 rg BT 149.62 695.25 Td (ours, ) Tj ET Q q 0 0 0 rg BT 179.73 695.25 Td (us ) Tj ET Q q 0 0 0 rg BT 199.00 695.25 Td (and ) Tj ET Q q 0 0 0 rg BT 214.94 695.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 264.21 695.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 284.58 695.25 Td (to ) Tj ET Q q 0 0 0 rg BT 293.86 695.25 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 328.69 695.25 Td (Holding ) Tj ET Q q 0 0 0 rg BT 362.97 695.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 412.80 695.25 Td (and ) Tj ET Q q 0 0 0 rg BT 428.74 695.25 Td (its ) Tj ET Q q 0 0 0 rg BT 439.70 695.25 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 491.20 695.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.92 695.25 Td (term ) Tj ET Q q 0 0 0 rg BT 524.75 695.25 Td (Covanta ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 683.25 Td (Ener) Tj ET Q q 0 0 0 rg BT 68.20 683.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 85.13 683.25 Td (refers ) Tj ET Q q 0 0 0 rg BT 110.39 683.25 Td (to ) Tj ET Q q 0 0 0 rg BT 120.67 683.25 Td (our ) Tj ET Q q 0 0 0 rg BT 136.50 683.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 180.11 683.25 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 215.94 683.25 Td (Ener) Tj ET Q q 0 0 0 rg BT 234.63 683.25 Td (gy) Tj ET Q q 0 0 0 rg BT 243.98 683.25 Td (, ) Tj ET Q q 0 0 0 rg BT 248.98 683.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 270.37 683.25 Td (and ) Tj ET Q q 0 0 0 rg BT 287.31 683.25 Td (its ) Tj ET Q q 0 0 0 rg BT 299.26 683.25 Td (subsidiaries.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 665.25 Td (Organization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 647.25 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 94.69 647.25 Td (is ) Tj ET Q q 0 0 0 rg BT 104.23 647.25 Td (one ) Tj ET Q q 0 0 0 rg BT 121.53 647.25 Td (of ) Tj ET Q q 0 0 0 rg BT 132.72 647.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.81 647.25 Td (world) Tj ET Q q 0 0 0 rg BT 173.92 647.25 Td (s ) Tj ET Q q 0 0 0 rg BT 180.67 647.25 Td (lar) Tj ET Q q 0 0 0 rg BT 191.04 647.25 Td (gest ) Tj ET Q q 0 0 0 rg BT 210.01 647.25 Td (owners ) Tj ET Q q 0 0 0 rg BT 241.76 647.25 Td (and ) Tj ET Q q 0 0 0 rg BT 259.06 647.25 Td (operators ) Tj ET Q q 0 0 0 rg BT 299.13 647.25 Td (of ) Tj ET Q q 0 0 0 rg BT 310.33 647.25 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 367.06 647.25 Td (for ) Tj ET Q q 0 0 0 rg BT 381.58 647.25 Td (the ) Tj ET Q q 0 0 0 rg BT 396.67 647.25 Td (conversion ) Tj ET Q q 0 0 0 rg BT 443.41 647.25 Td (of ) Tj ET Q q 0 0 0 rg BT 454.60 647.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 480.24 647.25 Td (to ) Tj ET Q q 0 0 0 rg BT 490.88 647.25 Td (ener) Tj ET Q q 0 0 0 rg BT 507.91 647.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 520.77 647.25 Td (\(known ) Tj ET Q q 0 0 0 rg BT 554.19 647.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 635.25 Td (ener) Tj ET Q q 0 0 0 rg BT 70.96 635.25 Td (gy-from-waste ) Tj ET Q q 0 0 0 rg BT 137.46 635.25 Td (or ) Tj ET Q q 0 0 0 rg BT 148.99 635.25 Td (EfW\), ) Tj ET Q q 0 0 0 rg BT 185.76 635.25 Td (and ) Tj ET Q q 0 0 0 rg BT 203.39 635.25 Td (also ) Tj ET Q q 0 0 0 rg BT 222.69 635.25 Td (owns ) Tj ET Q q 0 0 0 rg BT 247.00 635.25 Td (and ) Tj ET Q q 0 0 0 rg BT 264.63 635.25 Td (operates ) Tj ET Q q 0 0 0 rg BT 301.14 635.25 Td (related ) Tj ET Q q 0 0 0 rg BT 331.53 635.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 357.49 635.25 Td (transport ) Tj ET Q q 0 0 0 rg BT 396.23 635.25 Td (and ) Tj ET Q q 0 0 0 rg BT 413.86 635.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 449.83 635.25 Td (and ) Tj ET Q q 0 0 0 rg BT 467.46 635.25 Td (other ) Tj ET Q q 0 0 0 rg BT 491.20 635.25 Td (renewable ) Tj ET Q q 0 0 0 rg BT 535.48 635.25 Td (ener) Tj ET Q q 0 0 0 rg BT 552.51 635.25 Td (gy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 623.25 Td (production ) Tj ET Q q 0 0 0 rg BT 96.07 623.25 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 144.04 623.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 162.73 623.25 Td ( ) Tj ET Q q 0 0 0 rg BT 165.98 623.25 Td (serves ) Tj ET Q q 0 0 0 rg BT 194.21 623.25 Td (two ) Tj ET Q q 0 0 0 rg BT 212.46 623.25 Td (key ) Tj ET Q q 0 0 0 rg BT 230.14 623.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 265.04 623.25 Td (as ) Tj ET Q q 0 0 0 rg BT 276.61 623.25 Td (both ) Tj ET Q q 0 0 0 rg BT 297.64 623.25 Td (a ) Tj ET Q q 0 0 0 rg BT 305.32 623.25 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 353.00 623.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 379.01 623.25 Td (management ) Tj ET Q q 0 0 0 rg BT 433.35 623.25 Td (solution ) Tj ET Q q 0 0 0 rg BT 468.82 623.25 Td (that ) Tj ET Q q 0 0 0 rg BT 487.06 623.25 Td (is ) Tj ET Q q 0 0 0 rg BT 496.97 623.25 Td (environmentally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 611.25 Td (superior ) Tj ET Q q 0 0 0 rg BT 84.58 611.25 Td (to ) Tj ET Q q 0 0 0 rg BT 94.67 611.25 Td (landfilling ) Tj ET Q q 0 0 0 rg BT 138.64 611.25 Td (and ) Tj ET Q q 0 0 0 rg BT 155.39 611.25 Td (as ) Tj ET Q q 0 0 0 rg BT 166.04 611.25 Td (a ) Tj ET Q q 0 0 0 rg BT 172.79 611.25 Td (source ) Tj ET Q q 0 0 0 rg BT 201.20 611.25 Td (of ) Tj ET Q q 0 0 0 rg BT 211.84 611.25 Td (clean ) Tj ET Q q 0 0 0 rg BT 235.24 611.25 Td (ener) Tj ET Q q 0 0 0 rg BT 252.27 611.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 264.58 611.25 Td (that ) Tj ET Q q 0 0 0 rg BT 281.89 611.25 Td (reduces ) Tj ET Q q 0 0 0 rg BT 314.74 611.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 344.81 611.25 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 392.66 611.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 408.31 611.25 Td (emissions ) Tj ET Q q 0 0 0 rg BT 450.07 611.25 Td (and ) Tj ET Q q 0 0 0 rg BT 466.82 611.25 Td (is ) Tj ET Q q 0 0 0 rg BT 475.80 611.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 521.43 611.25 Td (renewable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 599.25 Td (under ) Tj ET Q q 0 0 0 rg BT 74.29 599.25 Td (the ) Tj ET Q q 0 0 0 rg BT 88.54 599.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 108.89 599.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.25 599.25 Td (many ) Tj ET Q q 0 0 0 rg BT 143.49 599.25 Td (states ) Tj ET Q q 0 0 0 rg BT 167.73 599.25 Td (and ) Tj ET Q q 0 0 0 rg BT 184.20 599.25 Td (under ) Tj ET Q q 0 0 0 rg BT 208.99 599.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 238.77 599.25 Td (law) Tj ET Q q 0 0 0 rg BT 252.56 599.25 Td (. ) Tj ET Q q 0 0 0 rg BT 257.08 599.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 274.66 599.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 311.11 599.25 Td (are ) Tj ET Q q 0 0 0 rg BT 325.35 599.25 Td (critical ) Tj ET Q q 0 0 0 rg BT 355.13 599.25 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 411.02 599.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 436.37 599.25 Td (that ) Tj ET Q q 0 0 0 rg BT 453.39 599.25 Td (allow ) Tj ET Q q 0 0 0 rg BT 477.64 599.25 Td (our ) Tj ET Q q 0 0 0 rg BT 492.99 599.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 538.06 599.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 587.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.21 587.25 Td (principally ) Tj ET Q q 0 0 0 rg BT 110.03 587.25 Td (municipal ) Tj ET Q q 0 0 0 rg BT 152.52 587.25 Td (entities, ) Tj ET Q q 0 0 0 rg BT 186.40 587.25 Td (to ) Tj ET Q q 0 0 0 rg BT 196.68 587.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 229.72 587.25 Td (an ) Tj ET Q q 0 0 0 rg BT 241.66 587.25 Td (essential ) Tj ET Q q 0 0 0 rg BT 278.60 587.25 Td (public ) Tj ET Q q 0 0 0 rg BT 306.09 587.25 Td (service.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 569.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 76.40 569.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 95.10 569.25 Td ( ) Tj ET Q q 0 0 0 rg BT 97.45 569.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 134.23 569.25 Td (earn ) Tj ET Q q 0 0 0 rg BT 153.79 569.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 187.78 569.25 Td (from ) Tj ET Q q 0 0 0 rg BT 209.57 569.25 Td (both ) Tj ET Q q 0 0 0 rg BT 229.70 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 244.27 569.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 279.40 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 290.08 569.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 315.20 569.25 Td (and ) Tj ET Q q 0 0 0 rg BT 331.99 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 346.56 569.25 Td (generation ) Tj ET Q q 0 0 0 rg BT 391.11 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 401.79 569.25 Td (electricity ) Tj ET Q q 0 0 0 rg BT 444.12 569.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 472.02 569.25 Td (steam, ) Tj ET Q q 0 0 0 rg BT 500.19 569.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 539.75 569.25 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 90.47 557.25 Td (as ) Tj ET Q q 0 0 0 rg BT 101.17 557.25 Td (well ) Tj ET Q q 0 0 0 rg BT 120.76 557.25 Td (as ) Tj ET Q q 0 0 0 rg BT 131.47 557.25 Td (from ) Tj ET Q q 0 0 0 rg BT 153.28 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.87 557.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 185.79 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 196.50 557.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 221.09 557.25 Td (recovered ) Tj ET Q q 0 0 0 rg BT 262.87 557.25 Td (during ) Tj ET Q q 0 0 0 rg BT 291.36 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.95 557.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 324.64 557.25 Td ( ) Tj ET Q q 0 0 0 rg BT 327.02 557.25 Td (process. ) Tj ET Q q 0 0 0 rg BT 361.71 557.25 Td (W) Tj ET Q q 0 0 0 rg BT 370.35 557.25 Td (e ) Tj ET Q q 0 0 0 rg BT 377.16 557.25 Td (process ) Tj ET Q q 0 0 0 rg BT 409.53 557.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.66 557.25 Td (20 ) Tj ET Q q 0 0 0 rg BT 482.04 557.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.93 557.25 Td ( ) Tj ET Q q 0 0 0 rg BT 513.30 557.25 Td (tons ) Tj ET Q q 0 0 0 rg BT 532.35 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 543.05 557.25 Td (solid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 75.29 545.25 Td (annually) Tj ET Q q 0 0 0 rg BT 109.08 545.25 Td (. ) Tj ET Q q 0 0 0 rg BT 114.38 545.25 Td (W) Tj ET Q q 0 0 0 rg BT 123.02 545.25 Td (e ) Tj ET Q q 0 0 0 rg BT 130.48 545.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 162.92 545.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 191.49 545.25 Td (have ) Tj ET Q q 0 0 0 rg BT 213.39 545.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 258.08 545.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 297.22 545.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.02 545.25 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.02 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 321.04 545.25 Td (ener) Tj ET Q q 0 0 0 rg BT 338.07 545.25 Td (gy-from-waste ) Tj ET Q q 0 0 0 rg BT 399.96 545.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 439.91 545.25 Td (which ) Tj ET Q q 0 0 0 rg BT 467.37 545.25 Td (are ) Tj ET Q q 0 0 0 rg BT 482.60 545.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 522.83 545.25 Td (located ) Tj ET Q q 0 0 0 rg BT 554.73 545.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.25 Td (North ) Tj ET Q q 0 0 0 rg BT 75.56 533.25 Td (America, ) Tj ET Q q 0 0 0 rg BT 116.00 533.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.95 533.25 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.95 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 142.46 533.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 185.96 533.25 Td (ener) Tj ET Q q 0 0 0 rg BT 202.98 533.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 216.49 533.25 Td (generation ) Tj ET Q q 0 0 0 rg BT 262.20 533.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 302.64 533.25 Td (including ) Tj ET Q q 0 0 0 rg BT 343.93 533.25 Td (other ) Tj ET Q q 0 0 0 rg BT 367.98 533.25 Td (renewable ) Tj ET Q q 0 0 0 rg BT 412.58 533.25 Td (ener) Tj ET Q q 0 0 0 rg BT 429.60 533.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 443.11 533.25 Td (production ) Tj ET Q q 0 0 0 rg BT 489.95 533.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 527.89 533.25 Td (in ) Tj ET Q q 0 0 0 rg BT 539.17 533.25 Td (North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.25 Td (America ) Tj ET Q q 0 0 0 rg BT 86.27 521.25 Td (\(wood ) Tj ET Q q 0 0 0 rg BT 114.18 521.25 Td (biomass ) Tj ET Q q 0 0 0 rg BT 149.30 521.25 Td (and ) Tj ET Q q 0 0 0 rg BT 166.09 521.25 Td (hydroelectric\). ) Tj ET Q q 0 0 0 rg BT 227.02 521.25 Td (In ) Tj ET Q q 0 0 0 rg BT 237.70 521.25 Td (total, ) Tj ET Q q 0 0 0 rg BT 260.33 521.25 Td (these ) Tj ET Q q 0 0 0 rg BT 283.22 521.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 308.90 521.25 Td (produce ) Tj ET Q q 0 0 0 rg BT 343.46 521.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.57 521.25 Td (10 ) Tj ET Q q 0 0 0 rg BT 415.92 521.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.81 521.25 Td ( ) Tj ET Q q 0 0 0 rg BT 447.16 521.25 Td (megawatt ) Tj ET Q q 0 0 0 rg BT 488.38 521.25 Td (hours ) Tj ET Q q 0 0 0 rg BT 512.95 521.25 Td (\(MWh\) ) Tj ET Q q 0 0 0 rg BT 554.17 521.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.25 Td (baseload ) Tj ET Q q 0 0 0 rg BT 86.48 509.25 Td (electricity ) Tj ET Q q 0 0 0 rg BT 128.45 509.25 Td (annually) Tj ET Q q 0 0 0 rg BT 162.23 509.25 Td (. ) Tj ET Q q 0 0 0 rg BT 166.58 509.25 Td (W) Tj ET Q q 0 0 0 rg BT 175.22 509.25 Td (e ) Tj ET Q q 0 0 0 rg BT 181.65 509.25 Td (also ) Tj ET Q q 0 0 0 rg BT 199.75 509.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 231.16 509.25 Td (a ) Tj ET Q q 0 0 0 rg BT 237.59 509.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 262.35 509.25 Td (management ) Tj ET Q q 0 0 0 rg BT 315.44 509.25 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 371.29 509.25 Td (that ) Tj ET Q q 0 0 0 rg BT 388.28 509.25 Td (is ) Tj ET Q q 0 0 0 rg BT 396.94 509.25 Td (complementary ) Tj ET Q q 0 0 0 rg BT 461.13 509.25 Td (to ) Tj ET Q q 0 0 0 rg BT 470.90 509.25 Td (our ) Tj ET Q q 0 0 0 rg BT 486.22 509.25 Td (core ) Tj ET Q q 0 0 0 rg BT 505.42 509.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 524.12 509.25 Td ( ) Tj ET Q q 0 0 0 rg BT 526.11 509.25 Td (business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 491.25 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 491.25 Td (e ) Tj ET Q q 0 0 0 rg BT 73.71 491.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.71 491.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.15 491.25 Td ( ) Tj ET Q q 0 0 0 rg BT 111.28 491.25 Td (reportable ) Tj ET Q q 0 0 0 rg BT 153.94 491.25 Td (segment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.89 491.25 Td (North ) Tj ET Q q 0 0 0 rg BT 216.88 491.25 Td (America, ) Tj ET Q q 0 0 0 rg BT 255.94 491.25 Td (which ) Tj ET Q q 0 0 0 rg BT 282.50 491.25 Td (is ) Tj ET Q q 0 0 0 rg BT 291.30 491.25 Td (comprised ) Tj ET Q q 0 0 0 rg BT 335.09 491.25 Td (of ) Tj ET Q q 0 0 0 rg BT 345.54 491.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 370.44 491.25 Td (and ) Tj ET Q q 0 0 0 rg BT 387.01 491.25 Td (ener) Tj ET Q q 0 0 0 rg BT 404.04 491.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 416.17 491.25 Td (services ) Tj ET Q q 0 0 0 rg BT 450.50 491.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 494.29 491.25 Td (located ) Tj ET Q q 0 0 0 rg BT 525.29 491.25 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 479.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.48 479.25 Td (the ) Tj ET Q q 0 0 0 rg BT 73.90 479.25 Td (United ) Tj ET Q q 0 0 0 rg BT 103.32 479.25 Td (States ) Tj ET Q q 0 0 0 rg BT 129.41 479.25 Td (and ) Tj ET Q q 0 0 0 rg BT 146.06 479.25 Td (Canada.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.54 479.25 Td ( ) Tj ET Q q 0 0 0 rg BT 180.58 479.25 Td (W) Tj ET Q q 0 0 0 rg BT 189.22 479.25 Td (e ) Tj ET Q q 0 0 0 rg BT 195.86 479.25 Td (are ) Tj ET Q q 0 0 0 rg BT 210.27 479.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 248.57 479.25 Td (constructing ) Tj ET Q q 0 0 0 rg BT 300.21 479.25 Td (an ) Tj ET Q q 0 0 0 rg BT 311.85 479.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 330.55 479.25 Td ( ) Tj ET Q q 0 0 0 rg BT 332.75 479.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 363.28 479.25 Td (in ) Tj ET Q q 0 0 0 rg BT 373.26 479.25 Td (Dublin, ) Tj ET Q q 0 0 0 rg BT 405.74 479.25 Td (Ireland, ) Tj ET Q q 0 0 0 rg BT 438.76 479.25 Td (which ) Tj ET Q q 0 0 0 rg BT 465.40 479.25 Td (we ) Tj ET Q q 0 0 0 rg BT 479.26 479.25 Td (own ) Tj ET Q q 0 0 0 rg BT 498.69 479.25 Td (and ) Tj ET Q q 0 0 0 rg BT 515.33 479.25 Td (will ) Tj ET Q q 0 0 0 rg BT 533.09 479.25 Td (operate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 467.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 72.81 467.25 Td (completion. ) Tj ET Q q 0 0 0 rg BT 123.38 467.25 Td (W) Tj ET Q q 0 0 0 rg BT 132.01 467.25 Td (e ) Tj ET Q q 0 0 0 rg BT 139.77 467.25 Td (hold ) Tj ET Q q 0 0 0 rg BT 160.86 467.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 197.50 467.25 Td (in ) Tj ET Q q 0 0 0 rg BT 208.59 467.25 Td (an ) Tj ET Q q 0 0 0 rg BT 221.34 467.25 Td (ener) Tj ET Q q 0 0 0 rg BT 238.36 467.25 Td (gy-from-waste ) Tj ET Q q 0 0 0 rg BT 300.54 467.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 332.18 467.25 Td (in ) Tj ET Q q 0 0 0 rg BT 343.27 467.25 Td (Italy ) Tj ET Q q 0 0 0 rg BT 364.91 467.25 Td (and ) Tj ET Q q 0 0 0 rg BT 382.66 467.25 Td (an ) Tj ET Q q 0 0 0 rg BT 395.41 467.25 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 452.59 467.25 Td (business ) Tj ET Q q 0 0 0 rg BT 489.79 467.25 Td (in ) Tj ET Q q 0 0 0 rg BT 500.88 467.25 Td (China ) Tj ET Q q 0 0 0 rg BT 528.08 467.25 Td (which ) Tj ET Q q 0 0 0 rg BT 555.83 467.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 455.25 Td (engaged ) Tj ET Q q 0 0 0 rg BT 84.50 455.25 Td (in ) Tj ET Q q 0 0 0 rg BT 93.96 455.25 Td (ener) Tj ET Q q 0 0 0 rg BT 110.99 455.25 Td (gy-from-waste ) Tj ET Q q 0 0 0 rg BT 171.54 455.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 217.38 455.25 Td (For ) Tj ET Q q 0 0 0 rg BT 232.96 455.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 274.63 455.25 Td (information ) Tj ET Q q 0 0 0 rg BT 323.53 455.25 Td (on ) Tj ET Q q 0 0 0 rg BT 335.21 455.25 Td (our ) Tj ET Q q 0 0 0 rg BT 350.23 455.25 Td (reportable ) Tj ET Q q 0 0 0 rg BT 392.44 455.25 Td (segment, ) Tj ET Q q 0 0 0 rg BT 429.95 455.25 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 444.41 455.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 464.98 455.25 Td (6.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 472.48 455.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 474.16 455.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 514.73 455.25 Td (Information ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 443.25 Td (by ) Tj ET Q q 0 0 0 rg BT 61.44 443.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 98.94 443.25 Td (Segments) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 136.71 443.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 425.25 Td (During ) Tj ET Q q 0 0 0 rg BT 89.10 425.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 113.87 425.25 Td (we ) Tj ET Q q 0 0 0 rg BT 127.81 425.25 Td (divested ) Tj ET Q q 0 0 0 rg BT 163.40 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.89 425.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 214.05 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 224.65 425.25 Td (our ) Tj ET Q q 0 0 0 rg BT 240.25 425.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 290.30 425.25 Td (in ) Tj ET Q q 0 0 0 rg BT 300.35 425.25 Td (China. ) Tj ET Q q 0 0 0 rg BT 329.00 425.25 Td (For ) Tj ET Q q 0 0 0 rg BT 345.17 425.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 387.43 425.25 Td (information ) Tj ET Q q 0 0 0 rg BT 436.91 425.25 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 451.95 425.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 473.11 425.25 Td (4.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 480.61 425.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 482.89 425.25 Td (Dispositions, ) Tj ET Q q 0 0 0 rg BT 537.50 425.25 Td (Assets ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 413.25 Td (Held ) Tj ET Q q 0 0 0 rg BT 71.44 413.25 Td (for ) Tj ET Q q 0 0 0 rg BT 85.61 413.25 Td (Sale ) Tj ET Q q 0 0 0 rg BT 105.33 413.25 Td (and ) Tj ET Q q 0 0 0 rg BT 122.83 413.25 Td (Discontinued ) Tj ET Q q 0 0 0 rg BT 178.65 413.25 Td (Operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 223.65 413.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 395.25 Td (Summary ) Tj ET Q q 0 0 0 rg BT 94.22 395.25 Td (of ) Tj ET Q q 0 0 0 rg BT 105.05 395.25 Td (Significant ) Tj ET Q q 0 0 0 rg BT 153.12 395.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 204.51 395.25 Td (Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 377.25 Td (The ) Tj ET Q q 0 0 0 rg BT 76.48 377.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 113.89 377.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 158.53 377.25 Td (and ) Tj ET Q q 0 0 0 rg BT 175.40 377.25 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 236.14 377.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 259.68 377.25 Td (are ) Tj ET Q q 0 0 0 rg BT 274.32 377.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 311.72 377.25 Td (in ) Tj ET Q q 0 0 0 rg BT 321.93 377.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 369.33 377.25 Td (with ) Tj ET Q q 0 0 0 rg BT 389.53 377.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 435.84 377.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 477.70 377.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 517.33 377.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 554.74 377.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 365.25 Td (United ) Tj ET Q q 0 0 0 rg BT 93.93 365.25 Td (States ) Tj ET Q q 0 0 0 rg BT 120.32 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 130.60 365.25 Td (America ) Tj ET Q q 0 0 0 rg BT 167.52 365.25 Td (\("GAAP"\). ) Tj ET Q q 0 0 0 rg BT 214.39 365.25 Td (The ) Tj ET Q q 0 0 0 rg BT 232.44 365.25 Td (following ) Tj ET Q q 0 0 0 rg BT 273.83 365.25 Td (is ) Tj ET Q q 0 0 0 rg BT 283.00 365.25 Td (a ) Tj ET Q q 0 0 0 rg BT 289.93 365.25 Td (description ) Tj ET Q q 0 0 0 rg BT 336.87 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 347.70 365.25 Td (our ) Tj ET Q q 0 0 0 rg BT 363.53 365.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 408.24 365.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 454.61 365.25 Td (policies.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 345.9169921875 m 167.9384765625 345.9169921875 l s q 0 0 0 rg BT 58.50 347.25 Td (Principles ) Tj ET Q q 0 0 0 rg BT 101.00 347.25 Td (of ) Tj ET Q q 0 0 0 rg BT 111.83 347.25 Td (Consolidation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 329.25 Td (The ) Tj ET Q q 0 0 0 rg BT 77.02 329.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 130.54 329.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 168.49 329.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 213.68 329.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 242.18 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.37 329.25 Td (results ) Tj ET Q q 0 0 0 rg BT 286.45 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 297.76 329.25 Td (our ) Tj ET Q q 0 0 0 rg BT 314.06 329.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 361.19 329.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 381.93 329.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 407.13 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 424.54 329.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 462.49 329.25 Td (position ) Tj ET Q q 0 0 0 rg BT 497.69 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 509.00 329.25 Td (our ) Tj ET Q q 0 0 0 rg BT 525.30 329.25 Td (majority-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 78.66 317.25 Td (or ) Tj ET Q q 0 0 0 rg BT 89.49 317.25 Td (controlled ) Tj ET Q q 0 0 0 rg BT 132.53 317.25 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 184.20 317.25 Td (All ) Tj ET Q q 0 0 0 rg BT 199.48 317.25 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 256.96 317.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 294.44 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 311.38 317.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 361.64 317.25 Td (have ) Tj ET Q q 0 0 0 rg BT 383.02 317.25 Td (been ) Tj ET Q q 0 0 0 rg BT 404.40 317.25 Td (eliminated.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 297.9169921875 m 207.376953125 297.9169921875 l s q 0 0 0 rg BT 58.50 299.25 Td (Equity ) Tj ET Q q 0 0 0 rg BT 87.67 299.25 Td (and ) Tj ET Q q 0 0 0 rg BT 104.60 299.25 Td (Cost ) Tj ET Q q 0 0 0 rg BT 125.44 299.25 Td (Method ) Tj ET Q q 0 0 0 rg BT 159.05 299.25 Td (Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 281.25 Td (Investments ) Tj ET Q q 0 0 0 rg BT 109.39 281.25 Td (in ) Tj ET Q q 0 0 0 rg BT 119.74 281.25 Td (unconsolidated ) Tj ET Q q 0 0 0 rg BT 182.84 281.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 214.29 281.25 Td (over ) Tj ET Q q 0 0 0 rg BT 234.63 281.25 Td (which ) Tj ET Q q 0 0 0 rg BT 261.63 281.25 Td (we ) Tj ET Q q 0 0 0 rg BT 275.86 281.25 Td (have ) Tj ET Q q 0 0 0 rg BT 297.30 281.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 342.08 281.25 Td (influence ) Tj ET Q q 0 0 0 rg BT 381.84 281.25 Td (are ) Tj ET Q q 0 0 0 rg BT 396.62 281.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 439.72 281.25 Td (for ) Tj ET Q q 0 0 0 rg BT 453.94 281.25 Td (under ) Tj ET Q q 0 0 0 rg BT 479.28 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 494.06 281.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 521.62 281.25 Td (method ) Tj ET Q q 0 0 0 rg BT 554.18 281.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.25 Td (accounting. ) Tj ET Q q 0 0 0 rg BT 98.20 269.25 Td (Investments ) Tj ET Q q 0 0 0 rg BT 148.85 269.25 Td (in ) Tj ET Q q 0 0 0 rg BT 158.95 269.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 190.16 269.25 Td (in ) Tj ET Q q 0 0 0 rg BT 200.26 269.25 Td (which ) Tj ET Q q 0 0 0 rg BT 227.03 269.25 Td (we ) Tj ET Q q 0 0 0 rg BT 241.01 269.25 Td (do ) Tj ET Q q 0 0 0 rg BT 253.34 269.25 Td (not ) Tj ET Q q 0 0 0 rg BT 268.44 269.25 Td (have ) Tj ET Q q 0 0 0 rg BT 289.65 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 304.19 269.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 332.07 269.25 Td (to ) Tj ET Q q 0 0 0 rg BT 342.17 269.25 Td (exert ) Tj ET Q q 0 0 0 rg BT 364.48 269.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 409.02 269.25 Td (influence ) Tj ET Q q 0 0 0 rg BT 448.55 269.25 Td (over ) Tj ET Q q 0 0 0 rg BT 468.64 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 483.18 269.25 Td (investees) Tj ET Q q 0 0 0 rg BT 522.43 269.25 Td ( ) Tj ET Q q 0 0 0 rg BT 524.75 269.25 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.33 257.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 106.49 257.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 144.98 257.25 Td (are ) Tj ET Q q 0 0 0 rg BT 159.58 257.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 202.51 257.25 Td (for ) Tj ET Q q 0 0 0 rg BT 216.56 257.25 Td (under ) Tj ET Q q 0 0 0 rg BT 241.73 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.34 257.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 274.84 257.25 Td (method ) Tj ET Q q 0 0 0 rg BT 307.23 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 317.95 257.25 Td (accounting. ) Tj ET Q q 0 0 0 rg BT 366.72 257.25 Td (Cost-method ) Tj ET Q q 0 0 0 rg BT 420.78 257.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 470.95 257.25 Td (are ) Tj ET Q q 0 0 0 rg BT 485.55 257.25 Td (carried ) Tj ET Q q 0 0 0 rg BT 515.70 257.25 Td (at ) Tj ET Q q 0 0 0 rg BT 525.31 257.25 Td (historical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 67.94 245.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 95.28 245.25 Td (indicators ) Tj ET Q q 0 0 0 rg BT 137.05 245.25 Td (of ) Tj ET Q q 0 0 0 rg BT 147.72 245.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 196.15 245.25 Td (are ) Tj ET Q q 0 0 0 rg BT 210.70 245.25 Td (identified. ) Tj ET Q q 0 0 0 rg BT 253.68 245.25 Td (W) Tj ET Q q 0 0 0 rg BT 262.32 245.25 Td (e ) Tj ET Q q 0 0 0 rg BT 269.10 245.25 Td (monitor ) Tj ET Q q 0 0 0 rg BT 303.10 245.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 353.21 245.25 Td (for ) Tj ET Q q 0 0 0 rg BT 367.20 245.25 Td (other) Tj ET Q q 0 0 0 rg BT 387.55 245.25 Td (-than-temporary ) Tj ET Q q 0 0 0 rg BT 454.86 245.25 Td (declines ) Tj ET Q q 0 0 0 rg BT 489.96 245.25 Td (in ) Tj ET Q q 0 0 0 rg BT 500.07 245.25 Td (value ) Tj ET Q q 0 0 0 rg BT 524.06 245.25 Td (and ) Tj ET Q q 0 0 0 rg BT 540.84 245.25 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.25 Td (reductions ) Tj ET Q q 0 0 0 rg BT 93.81 233.25 Td (when ) Tj ET Q q 0 0 0 rg BT 118.12 233.25 Td (appropriate. ) Tj ET Q q 0 0 0 rg BT 168.81 233.25 Td (For ) Tj ET Q q 0 0 0 rg BT 185.35 233.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 227.99 233.25 Td (information ) Tj ET Q q 0 0 0 rg BT 277.86 233.25 Td (on ) Tj ET Q q 0 0 0 rg BT 290.51 233.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 318.16 233.25 Td (method ) Tj ET Q q 0 0 0 rg BT 350.81 233.25 Td (investments, ) Tj ET Q q 0 0 0 rg BT 403.73 233.25 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 419.15 233.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 440.69 233.25 Td (9.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.19 233.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 450.85 233.25 Td (Equity ) Tj ET Q q 0 0 0 rg BT 479.60 233.25 Td (Method ) Tj ET Q q 0 0 0 rg BT 512.80 233.25 Td (Investments) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 560.01 233.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.25 Td (For ) Tj ET Q q 0 0 0 rg BT 65.04 221.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 106.67 221.25 Td (information ) Tj ET Q q 0 0 0 rg BT 155.53 221.25 Td (on ) Tj ET Q q 0 0 0 rg BT 167.17 221.25 Td (our ) Tj ET Q q 0 0 0 rg BT 182.15 221.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 199.90 221.25 Td (method ) Tj ET Q q 0 0 0 rg BT 231.54 221.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 277.07 221.25 Td (in ) Tj ET Q q 0 0 0 rg BT 286.49 221.25 Td (China, ) Tj ET Q q 0 0 0 rg BT 314.52 221.25 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 328.93 221.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 349.46 221.25 Td (4.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 356.96 221.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 358.61 221.25 Td (Dispositions, ) Tj ET Q q 0 0 0 rg BT 412.64 221.25 Td (Assets ) Tj ET Q q 0 0 0 rg BT 439.29 221.25 Td (Held ) Tj ET Q q 0 0 0 rg BT 460.37 221.25 Td (for ) Tj ET Q q 0 0 0 rg BT 473.69 221.25 Td (Sale ) Tj ET Q q 0 0 0 rg BT 492.55 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 509.19 221.25 Td (Discontinued ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 209.25 Td (Operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 94.50 209.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 189.9169921875 m 144.8671875 189.9169921875 l s q 0 0 0 rg BT 58.50 191.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 95.99 191.25 Td (Recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 173.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 75.42 173.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 108.44 173.25 Td (is ) Tj ET Q q 0 0 0 rg BT 116.48 173.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 156.71 173.25 Td (from ) Tj ET Q q 0 0 0 rg BT 177.52 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 191.10 173.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 208.57 173.25 Td (we ) Tj ET Q q 0 0 0 rg BT 221.60 173.25 Td (earn ) Tj ET Q q 0 0 0 rg BT 240.18 173.25 Td (for: ) Tj ET Q q 0 0 0 rg BT 255.99 173.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 280.12 173.25 Td (disposal, ) Tj ET Q q 0 0 0 rg BT 316.77 173.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 355.90 173.25 Td (ener) Tj ET Q q 0 0 0 rg BT 372.93 173.25 Td (gy-from-waste ) Tj ET Q q 0 0 0 rg BT 433.17 173.25 Td (and ) Tj ET Q q 0 0 0 rg BT 448.98 173.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 499.22 173.25 Td (power ) Tj ET Q q 0 0 0 rg BT 525.58 173.25 Td (facilities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.25 Td (servicing ) Tj ET Q q 0 0 0 rg BT 88.11 161.25 Td (project ) Tj ET Q q 0 0 0 rg BT 117.82 161.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 139.49 161.25 Td (and ) Tj ET Q q 0 0 0 rg BT 155.88 161.25 Td (for ) Tj ET Q q 0 0 0 rg BT 169.50 161.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 194.22 161.25 Td (transportation ) Tj ET Q q 0 0 0 rg BT 251.71 161.25 Td (and ) Tj ET Q q 0 0 0 rg BT 268.10 161.25 Td (processing; ) Tj ET Q q 0 0 0 rg BT 315.60 161.25 Td (from ) Tj ET Q q 0 0 0 rg BT 336.99 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 351.16 161.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 368.66 161.25 Td (of ) Tj ET Q q 0 0 0 rg BT 378.94 161.25 Td (electricity ) Tj ET Q q 0 0 0 rg BT 420.87 161.25 Td (and ) Tj ET Q q 0 0 0 rg BT 437.26 161.25 Td (steam; ) Tj ET Q q 0 0 0 rg BT 465.31 161.25 Td (from ) Tj ET Q q 0 0 0 rg BT 486.71 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 500.87 161.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 518.37 161.25 Td (of ) Tj ET Q q 0 0 0 rg BT 528.66 161.25 Td (recycled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 81.16 149.25 Td (and ) Tj ET Q q 0 0 0 rg BT 98.93 149.25 Td (non-ferrous ) Tj ET Q q 0 0 0 rg BT 148.91 149.25 Td (metal; ) Tj ET Q q 0 0 0 rg BT 177.24 149.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.01 149.25 Td (from ) Tj ET Q q 0 0 0 rg BT 217.79 149.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 270.55 149.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 308.36 149.25 Td (The ) Tj ET Q q 0 0 0 rg BT 327.24 149.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 346.67 149.25 Td (char) Tj ET Q q 0 0 0 rg BT 363.70 149.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 381.47 149.25 Td (for ) Tj ET Q q 0 0 0 rg BT 396.47 149.25 Td (our ) Tj ET Q q 0 0 0 rg BT 413.13 149.25 Td (services ) Tj ET Q q 0 0 0 rg BT 448.67 149.25 Td (are ) Tj ET Q q 0 0 0 rg BT 464.21 149.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 504.75 149.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 538.07 149.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.19 149.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.25 Td (service ) Tj ET Q q 0 0 0 rg BT 79.29 137.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 126.29 137.25 Td (and ) Tj ET Q q 0 0 0 rg BT 142.20 137.25 Td (vary ) Tj ET Q q 0 0 0 rg BT 161.44 137.25 Td (based ) Tj ET Q q 0 0 0 rg BT 185.68 137.25 Td (on ) Tj ET Q q 0 0 0 rg BT 197.15 137.25 Td (contract-specific ) Tj ET Q q 0 0 0 rg BT 265.25 137.25 Td (terms. ) Tj ET Q q 0 0 0 rg BT 291.33 137.25 Td (W) Tj ET Q q 0 0 0 rg BT 299.97 137.25 Td (e ) Tj ET Q q 0 0 0 rg BT 305.88 137.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 344.55 137.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 384.88 137.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 418.00 137.25 Td (as ) Tj ET Q q 0 0 0 rg BT 427.80 137.25 Td (services ) Tj ET Q q 0 0 0 rg BT 461.48 137.25 Td (are ) Tj ET Q q 0 0 0 rg BT 475.16 137.25 Td (performed ) Tj ET Q q 0 0 0 rg BT 518.27 137.25 Td (or ) Tj ET Q q 0 0 0 rg BT 528.08 137.25 Td (products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.20 125.25 Td (delivered. ) Tj ET Q q 0 0 0 rg BT 106.40 125.25 Td (For ) Tj ET Q q 0 0 0 rg BT 122.78 125.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 161.65 125.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 195.79 125.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 233.27 125.25 Td (is ) Tj ET Q q 0 0 0 rg BT 242.44 125.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 288.79 125.25 Td (as ) Tj ET Q q 0 0 0 rg BT 299.62 125.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 324.88 125.25 Td (is ) Tj ET Q q 0 0 0 rg BT 334.04 125.25 Td (received ) Tj ET Q q 0 0 0 rg BT 370.40 125.25 Td (or ) Tj ET Q q 0 0 0 rg BT 381.23 125.25 Td (processed ) Tj ET Q q 0 0 0 rg BT 423.15 125.25 Td (at ) Tj ET Q q 0 0 0 rg BT 432.86 125.25 Td (our ) Tj ET Q q 0 0 0 rg BT 448.68 125.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 488.11 125.25 Td (metals ) Tj ET Q q 0 0 0 rg BT 516.70 125.25 Td (are ) Tj ET Q q 0 0 0 rg BT 531.41 125.25 Td (shipped ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.25 Td (from ) Tj ET Q q 0 0 0 rg BT 71.44 113.25 Td (our ) Tj ET Q q 0 0 0 rg BT 87.27 113.25 Td (sites ) Tj ET Q q 0 0 0 rg BT 107.55 113.25 Td (or ) Tj ET Q q 0 0 0 rg BT 118.38 113.25 Td (as ) Tj ET Q q 0 0 0 rg BT 129.21 113.25 Td (kilowatts ) Tj ET Q q 0 0 0 rg BT 168.37 113.25 Td (are ) Tj ET Q q 0 0 0 rg BT 183.08 113.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 222.78 113.25 Td (to ) Tj ET Q q 0 0 0 rg BT 233.06 113.25 Td (a ) Tj ET Q q 0 0 0 rg BT 240.00 113.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 279.15 113.25 Td (by ) Tj ET Q q 0 0 0 rg BT 291.65 113.25 Td (an ) Tj ET Q q 0 0 0 rg BT 303.59 113.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 322.29 113.25 Td ( ) Tj ET Q q 0 0 0 rg BT 324.79 113.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 355.61 113.25 Td (or ) Tj ET Q q 0 0 0 rg BT 366.44 113.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 417.81 113.25 Td (power ) Tj ET Q q 0 0 0 rg BT 445.30 113.25 Td (production ) Tj ET Q q 0 0 0 rg BT 491.13 113.25 Td (plant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 95.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 95.07 95.25 Td (under ) Tj ET Q q 0 0 0 rg BT 119.42 95.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 152.67 95.25 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 198.11 95.25 Td (or ) Tj ET Q q 0 0 0 rg BT 208.02 95.25 Td (cost-plus ) Tj ET Q q 0 0 0 rg BT 245.71 95.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 296.73 95.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 334.40 95.25 Td (is ) Tj ET Q q 0 0 0 rg BT 342.66 95.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 388.10 95.25 Td (using ) Tj ET Q q 0 0 0 rg BT 411.35 95.25 Td (the ) Tj ET Q q 0 0 0 rg BT 425.15 95.25 Td (percentage-of-completion ) Tj ET Q q 0 0 0 rg BT 530.01 95.25 Td (method, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 83.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 89.68 83.25 Td (by ) Tj ET Q q 0 0 0 rg BT 101.55 83.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.63 83.25 Td (cost-to-cost ) Tj ET Q q 0 0 0 rg BT 164.15 83.25 Td (method. ) Tj ET Q q 0 0 0 rg BT 198.52 83.25 Td (If ) Tj ET Q q 0 0 0 rg BT 207.04 83.25 Td (an ) Tj ET Q q 0 0 0 rg BT 218.35 83.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 270.19 83.25 Td (involves ) Tj ET Q q 0 0 0 rg BT 305.94 83.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 341.14 83.25 Td (deliverables, ) Tj ET Q q 0 0 0 rg BT 393.81 83.25 Td (the ) Tj ET Q q 0 0 0 rg BT 407.90 83.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 446.97 83.25 Td (items ) Tj ET Q q 0 0 0 rg BT 470.50 83.25 Td (are ) Tj ET Q q 0 0 0 rg BT 484.57 83.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 529.75 83.25 Td (separate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 71.25 Td (units ) Tj ET Q q 0 0 0 rg BT 71.28 71.25 Td (of ) Tj ET Q q 0 0 0 rg BT 81.94 71.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 128.15 71.25 Td (if ) Tj ET Q q 0 0 0 rg BT 136.58 71.25 Td (the ) Tj ET Q q 0 0 0 rg BT 151.13 71.25 Td (items ) Tj ET Q q 0 0 0 rg BT 175.13 71.25 Td (have ) Tj ET Q q 0 0 0 rg BT 196.34 71.25 Td (value ) Tj ET Q q 0 0 0 rg BT 220.33 71.25 Td (on ) Tj ET Q q 0 0 0 rg BT 232.66 71.25 Td (a ) Tj ET Q q 0 0 0 rg BT 239.43 71.25 Td (stand-alone ) Tj ET Q q 0 0 0 rg BT 287.85 71.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 312.17 71.25 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 351.17 71.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 389.59 71.25 Td (to ) Tj ET Q q 0 0 0 rg BT 399.70 71.25 Td (each ) Tj ET Q q 0 0 0 rg BT 420.35 71.25 Td (element ) Tj ET Q q 0 0 0 rg BT 454.33 71.25 Td (are ) Tj ET Q q 0 0 0 rg BT 468.87 71.25 Td (based ) Tj ET Q q 0 0 0 rg BT 493.97 71.25 Td (on ) Tj ET Q q 0 0 0 rg BT 506.30 71.25 Td (its ) Tj ET Q q 0 0 0 rg BT 518.08 71.25 Td (objectively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 59.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 96.96 59.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 113.32 59.25 Td (value, ) Tj ET Q q 0 0 0 rg BT 139.95 59.25 Td (such ) Tj ET Q q 0 0 0 rg BT 160.76 59.25 Td (as ) Tj ET Q q 0 0 0 rg BT 171.58 59.25 Td (the ) Tj ET Q q 0 0 0 rg BT 186.27 59.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 208.19 59.25 Td (price ) Tj ET Q q 0 0 0 rg BT 230.66 59.25 Td (for ) Tj ET Q q 0 0 0 rg BT 244.80 59.25 Td (the ) Tj ET Q q 0 0 0 rg BT 259.50 59.25 Td (product ) Tj ET Q q 0 0 0 rg BT 292.52 59.25 Td (or ) Tj ET Q q 0 0 0 rg BT 303.33 59.25 Td (service ) Tj ET Q q 0 0 0 rg BT 334.13 59.25 Td (when ) Tj ET Q q 0 0 0 rg BT 358.27 59.25 Td (it ) Tj ET Q q 0 0 0 rg BT 366.31 59.25 Td (is ) Tj ET Q q 0 0 0 rg BT 375.46 59.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 394.61 59.25 Td (separately ) Tj ET Q q 0 0 0 rg BT 437.62 59.25 Td (or ) Tj ET Q q 0 0 0 rg BT 448.43 59.25 Td (competitor ) Tj ET Q q 0 0 0 rg BT 494.23 59.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 520.59 59.25 Td (for ) Tj ET Q q 0 0 0 rg BT 534.73 59.25 Td (similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 47.25 Td (products ) Tj ET Q q 0 0 0 rg BT 86.44 47.25 Td (or ) Tj ET Q q 0 0 0 rg BT 97.27 47.25 Td (services.) Tj ET Q endstream endobj 143 0 obj <>] /Rotate 0 /Contents 144 0 R>> endobj 144 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 29.10 Td (71) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 725.2669921875 m 157.9189453125 725.2669921875 l s q 0 0 0 rg BT 58.50 726.60 Td (Plant ) Tj ET Q q 0 0 0 rg BT 81.56 726.60 Td (Operating ) Tj ET Q q 0 0 0 rg BT 124.04 726.60 Td (Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 708.60 Td (Plant ) Tj ET Q q 0 0 0 rg BT 81.04 708.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 120.78 708.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 154.97 708.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 190.27 708.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 220.57 708.60 Td (employee ) Tj ET Q q 0 0 0 rg BT 261.42 708.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 285.90 708.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 320.09 708.60 Td (for ) Tj ET Q q 0 0 0 rg BT 333.73 708.60 Td (materials ) Tj ET Q q 0 0 0 rg BT 372.36 708.60 Td (and ) Tj ET Q q 0 0 0 rg BT 388.78 708.60 Td (parts ) Tj ET Q q 0 0 0 rg BT 410.20 708.60 Td (for ) Tj ET Q q 0 0 0 rg BT 423.84 708.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 454.14 708.60 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 496.10 708.60 Td (and ) Tj ET Q q 0 0 0 rg BT 512.52 708.60 Td (unscheduled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 696.60 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 102.59 696.60 Td (and ) Tj ET Q q 0 0 0 rg BT 119.59 696.60 Td (repair ) Tj ET Q q 0 0 0 rg BT 145.46 696.60 Td (expense, ) Tj ET Q q 0 0 0 rg BT 182.73 696.60 Td (which ) Tj ET Q q 0 0 0 rg BT 209.73 696.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 245.62 696.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 268.18 696.60 Td (related ) Tj ET Q q 0 0 0 rg BT 297.94 696.60 Td (to ) Tj ET Q q 0 0 0 rg BT 308.28 696.60 Td (our ) Tj ET Q q 0 0 0 rg BT 324.17 696.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 357.28 696.60 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 410.36 696.60 Td (team ) Tj ET Q q 0 0 0 rg BT 432.36 696.60 Td (and ) Tj ET Q q 0 0 0 rg BT 449.36 696.60 Td (non-facility ) Tj ET Q q 0 0 0 rg BT 498.57 696.60 Td (employee ) Tj ET Q q 0 0 0 rg BT 540.00 696.60 Td (costs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 684.60 Td (Plant ) Tj ET Q q 0 0 0 rg BT 72.34 684.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 112.38 684.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 146.87 684.60 Td (also ) Tj ET Q q 0 0 0 rg BT 165.26 684.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 200.87 684.60 Td (hauling ) Tj ET Q q 0 0 0 rg BT 233.15 684.60 Td (and ) Tj ET Q q 0 0 0 rg BT 249.87 684.60 Td (disposal ) Tj ET Q q 0 0 0 rg BT 284.93 684.60 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 325.81 684.60 Td (fuel ) Tj ET Q q 0 0 0 rg BT 343.64 684.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 368.42 684.60 Td (chemicals ) Tj ET Q q 0 0 0 rg BT 410.68 684.60 Td (and ) Tj ET Q q 0 0 0 rg BT 427.40 684.60 Td (reagents, ) Tj ET Q q 0 0 0 rg BT 465.50 684.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 505.54 684.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 527.81 684.60 Td (expense, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 672.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 672.60 Td (other ) Tj ET Q q 0 0 0 rg BT 89.49 672.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 120.31 672.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 160.57 672.60 Td (related ) Tj ET Q q 0 0 0 rg BT 190.27 672.60 Td (expense. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 653.2669921875 m 137.7724609375 653.2669921875 l s q 0 0 0 rg BT 58.50 654.60 Td (Pass ) Tj ET Q q 0 0 0 rg BT 78.60 654.60 Td (Through Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 636.60 Td (Pass ) Tj ET Q q 0 0 0 rg BT 79.24 636.60 Td (through ) Tj ET Q q 0 0 0 rg BT 113.31 636.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 136.27 636.60 Td (are ) Tj ET Q q 0 0 0 rg BT 151.43 636.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 174.39 636.60 Td (for ) Tj ET Q q 0 0 0 rg BT 189.01 636.60 Td (which ) Tj ET Q q 0 0 0 rg BT 216.40 636.60 Td (we ) Tj ET Q q 0 0 0 rg BT 231.02 636.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 262.84 636.60 Td (a ) Tj ET Q q 0 0 0 rg BT 270.24 636.60 Td (direct ) Tj ET Q q 0 0 0 rg BT 295.96 636.60 Td (contractually ) Tj ET Q q 0 0 0 rg BT 351.12 636.60 Td (committed ) Tj ET Q q 0 0 0 rg BT 396.84 636.60 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 459.78 636.60 Td (from ) Tj ET Q q 0 0 0 rg BT 482.18 636.60 Td (the ) Tj ET Q q 0 0 0 rg BT 497.35 636.60 Td (municipal ) Tj ET Q q 0 0 0 rg BT 540.30 636.60 Td (client ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 624.60 Td (that ) Tj ET Q q 0 0 0 rg BT 67.28 624.60 Td (sponsors ) Tj ET Q q 0 0 0 rg BT 105.07 624.60 Td (an ) Tj ET Q q 0 0 0 rg BT 117.29 624.60 Td (EfW) Tj ET Q q 0 0 0 rg BT 135.99 624.60 Td ( ) Tj ET Q q 0 0 0 rg BT 138.77 624.60 Td (project. ) Tj ET Q q 0 0 0 rg BT 171.62 624.60 Td (These ) Tj ET Q q 0 0 0 rg BT 198.28 624.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 221.07 624.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 261.05 624.60 Td (include ) Tj ET Q q 0 0 0 rg BT 293.27 624.60 Td (utility ) Tj ET Q q 0 0 0 rg BT 319.95 624.60 Td (char) Tj ET Q q 0 0 0 rg BT 336.97 624.60 Td (ges, ) Tj ET Q q 0 0 0 rg BT 355.59 624.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 396.69 624.60 Td (premiums, ) Tj ET Q q 0 0 0 rg BT 441.97 624.60 Td (ash ) Tj ET Q q 0 0 0 rg BT 458.08 624.60 Td (residue ) Tj ET Q q 0 0 0 rg BT 489.75 624.60 Td (transportation ) Tj ET Q q 0 0 0 rg BT 548.07 624.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 612.60 Td (disposal, ) Tj ET Q q 0 0 0 rg BT 86.74 612.60 Td (and ) Tj ET Q q 0 0 0 rg BT 103.14 612.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 132.30 612.60 Td (chemical ) Tj ET Q q 0 0 0 rg BT 170.35 612.60 Td (costs. ) Tj ET Q q 0 0 0 rg BT 194.67 612.60 Td (These ) Tj ET Q q 0 0 0 rg BT 220.51 612.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 242.47 612.60 Td (are ) Tj ET Q q 0 0 0 rg BT 256.63 612.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 293.57 612.60 Td (net ) Tj ET Q q 0 0 0 rg BT 307.75 612.60 Td (of ) Tj ET Q q 0 0 0 rg BT 318.04 612.60 Td (municipal ) Tj ET Q q 0 0 0 rg BT 359.99 612.60 Td (client ) Tj ET Q q 0 0 0 rg BT 384.16 612.60 Td (reimbursements ) Tj ET Q q 0 0 0 rg BT 449.99 612.60 Td (in ) Tj ET Q q 0 0 0 rg BT 459.73 612.60 Td (our ) Tj ET Q q 0 0 0 rg BT 475.02 612.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.52 612.60 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 600.60 Td (statements. ) Tj ET Q q 0 0 0 rg BT 96.71 600.60 Td (T) Tj ET Q q 0 0 0 rg BT 102.12 600.60 Td (otal ) Tj ET Q q 0 0 0 rg BT 119.82 600.60 Td (pass ) Tj ET Q q 0 0 0 rg BT 139.73 600.60 Td (through ) Tj ET Q q 0 0 0 rg BT 173.54 600.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 196.24 600.60 Td (for ) Tj ET Q q 0 0 0 rg BT 210.59 600.60 Td (the ) Tj ET Q q 0 0 0 rg BT 225.51 600.60 Td (years ) Tj ET Q q 0 0 0 rg BT 249.30 600.60 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.88 600.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 334.66 600.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 359.85 600.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 382.55 600.60 Td (and ) Tj ET Q q 0 0 0 rg BT 399.69 600.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.69 600.60 Td ( ) Tj ET Q q 0 0 0 rg BT 422.38 600.60 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.51 600.60 Td ($41 ) Tj ET Q q 0 0 0 rg BT 462.20 600.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.10 600.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.29 600.60 Td ($52 ) Tj ET Q q 0 0 0 rg BT 513.99 600.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.88 600.60 Td (, ) Tj ET Q q 0 0 0 rg BT 548.08 600.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 588.60 Td ($59 ) Tj ET Q q 0 0 0 rg BT 67.00 588.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.89 588.60 Td (, ) Tj ET Q q 0 0 0 rg BT 100.89 588.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 148.55 588.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 569.2669921875 m 113.9833984375 569.2669921875 l s q 0 0 0 rg BT 58.50 570.60 Td (Income ) Tj ET Q q 0 0 0 rg BT 90.80 570.60 Td (T) Tj ET Q q 0 0 0 rg BT 96.21 570.60 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 552.60 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 96.97 552.60 Td (income ) Tj ET Q q 0 0 0 rg BT 129.35 552.60 Td (taxes ) Tj ET Q q 0 0 0 rg BT 152.85 552.60 Td (are ) Tj ET Q q 0 0 0 rg BT 168.00 552.60 Td (based ) Tj ET Q q 0 0 0 rg BT 193.72 552.60 Td (on ) Tj ET Q q 0 0 0 rg BT 206.66 552.60 Td (the ) Tj ET Q q 0 0 0 rg BT 221.83 552.60 Td (dif) Tj ET Q q 0 0 0 rg BT 232.76 552.60 Td (ference ) Tj ET Q q 0 0 0 rg BT 265.12 552.60 Td (between ) Tj ET Q q 0 0 0 rg BT 301.38 552.60 Td (the ) Tj ET Q q 0 0 0 rg BT 316.54 552.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 354.47 552.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 394.07 552.60 Td (and ) Tj ET Q q 0 0 0 rg BT 411.46 552.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 426.62 552.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 449.57 552.60 Td (of ) Tj ET Q q 0 0 0 rg BT 460.84 552.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 487.12 552.60 Td (and ) Tj ET Q q 0 0 0 rg BT 504.51 552.60 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 546.96 552.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 540.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 84.39 540.60 Td (income ) Tj ET Q q 0 0 0 rg BT 115.41 540.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 129.22 540.60 Td (provision ) Tj ET Q q 0 0 0 rg BT 168.58 540.60 Td (represents ) Tj ET Q q 0 0 0 rg BT 210.71 540.60 Td (the ) Tj ET Q q 0 0 0 rg BT 224.51 540.60 Td (change ) Tj ET Q q 0 0 0 rg BT 254.41 540.60 Td (during ) Tj ET Q q 0 0 0 rg BT 282.11 540.60 Td (the ) Tj ET Q q 0 0 0 rg BT 295.91 540.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 334.15 540.60 Td (period ) Tj ET Q q 0 0 0 rg BT 361.29 540.60 Td (in ) Tj ET Q q 0 0 0 rg BT 370.65 540.60 Td (the ) Tj ET Q q 0 0 0 rg BT 384.46 540.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 419.35 540.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 433.15 540.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 458.07 540.60 Td (and ) Tj ET Q q 0 0 0 rg BT 474.09 540.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 508.99 540.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 522.79 540.60 Td (liabilities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 528.60 Td (net ) Tj ET Q q 0 0 0 rg BT 64.28 528.60 Td (of ) Tj ET Q q 0 0 0 rg BT 75.17 528.60 Td (the ) Tj ET Q q 0 0 0 rg BT 89.95 528.60 Td (ef) Tj ET Q q 0 0 0 rg BT 97.53 528.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 115.08 528.60 Td (of ) Tj ET Q q 0 0 0 rg BT 125.97 528.60 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 176.31 528.60 Td (and ) Tj ET Q q 0 0 0 rg BT 193.31 528.60 Td (dispositions. ) Tj ET Q q 0 0 0 rg BT 246.16 528.60 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 284.24 528.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 299.02 528.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 324.91 528.60 Td (include ) Tj ET Q q 0 0 0 rg BT 356.91 528.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 371.69 528.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 398.14 528.60 Td (and ) Tj ET Q q 0 0 0 rg BT 415.14 528.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 440.46 528.60 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 499.10 528.60 Td (and ) Tj ET Q q 0 0 0 rg BT 516.10 528.60 Td (are ) Tj ET Q q 0 0 0 rg BT 530.87 528.60 Td (reduced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 516.60 Td (by ) Tj ET Q q 0 0 0 rg BT 61.46 516.60 Td (a ) Tj ET Q q 0 0 0 rg BT 67.86 516.60 Td (valuation ) Tj ET Q q 0 0 0 rg BT 107.04 516.60 Td (allowance ) Tj ET Q q 0 0 0 rg BT 149.53 516.60 Td (if, ) Tj ET Q q 0 0 0 rg BT 160.10 516.60 Td (based ) Tj ET Q q 0 0 0 rg BT 184.83 516.60 Td (on ) Tj ET Q q 0 0 0 rg BT 196.79 516.60 Td (available ) Tj ET Q q 0 0 0 rg BT 234.84 516.60 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 274.84 516.60 Td (it ) Tj ET Q q 0 0 0 rg BT 282.36 516.60 Td (is ) Tj ET Q q 0 0 0 rg BT 290.99 516.60 Td (more ) Tj ET Q q 0 0 0 rg BT 313.50 516.60 Td (likely ) Tj ET Q q 0 0 0 rg BT 338.23 516.60 Td (than ) Tj ET Q q 0 0 0 rg BT 357.41 516.60 Td (not ) Tj ET Q q 0 0 0 rg BT 372.15 516.60 Td (that ) Tj ET Q q 0 0 0 rg BT 389.11 516.60 Td (some ) Tj ET Q q 0 0 0 rg BT 412.18 516.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 443.03 516.60 Td (or ) Tj ET Q q 0 0 0 rg BT 453.32 516.60 Td (all ) Tj ET Q q 0 0 0 rg BT 465.28 516.60 Td (of ) Tj ET Q q 0 0 0 rg BT 475.57 516.60 Td (the ) Tj ET Q q 0 0 0 rg BT 489.75 516.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 525.01 516.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 539.19 516.60 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 504.60 Td (will ) Tj ET Q q 0 0 0 rg BT 67.56 504.60 Td (not ) Tj ET Q q 0 0 0 rg BT 82.83 504.60 Td (be ) Tj ET Q q 0 0 0 rg BT 94.77 504.60 Td (realized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 486.60 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 486.60 Td (e ) Tj ET Q q 0 0 0 rg BT 73.73 486.60 Td (file ) Tj ET Q q 0 0 0 rg BT 89.20 486.60 Td (a ) Tj ET Q q 0 0 0 rg BT 95.79 486.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 148.48 486.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 178.39 486.60 Td (income ) Tj ET Q q 0 0 0 rg BT 209.97 486.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 224.34 486.60 Td (return ) Tj ET Q q 0 0 0 rg BT 250.36 486.60 Td (for ) Tj ET Q q 0 0 0 rg BT 264.17 486.60 Td (each ) Tj ET Q q 0 0 0 rg BT 284.64 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 295.12 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 309.48 486.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 341.07 486.60 Td (covered ) Tj ET Q q 0 0 0 rg BT 374.87 486.60 Td (by ) Tj ET Q q 0 0 0 rg BT 387.02 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 401.38 486.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 454.08 486.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 491.21 486.60 Td (statements, ) Tj ET Q q 0 0 0 rg BT 538.07 486.60 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (include ) Tj ET Q q 0 0 0 rg BT 82.10 474.60 Td (all ) Tj ET Q q 0 0 0 rg BT 95.26 474.60 Td (eligible ) Tj ET Q q 0 0 0 rg BT 128.41 474.60 Td (United ) Tj ET Q q 0 0 0 rg BT 158.79 474.60 Td (States ) Tj ET Q q 0 0 0 rg BT 185.84 474.60 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 230.12 474.60 Td (companies. ) Tj ET Q q 0 0 0 rg BT 278.54 474.60 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 312.82 474.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 363.20 474.60 Td (are ) Tj ET Q q 0 0 0 rg BT 378.57 474.60 Td (taxed ) Tj ET Q q 0 0 0 rg BT 403.39 474.60 Td (according ) Tj ET Q q 0 0 0 rg BT 445.97 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 456.92 474.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 504.51 474.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 539.34 474.60 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 474.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (countries ) Tj ET Q q 0 0 0 rg BT 88.27 462.60 Td (in ) Tj ET Q q 0 0 0 rg BT 98.16 462.60 Td (which ) Tj ET Q q 0 0 0 rg BT 124.70 462.60 Td (they ) Tj ET Q q 0 0 0 rg BT 144.03 462.60 Td (do ) Tj ET Q q 0 0 0 rg BT 156.14 462.60 Td (business. ) Tj ET Q q 0 0 0 rg BT 194.65 462.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 212.31 462.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 242.17 462.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 294.83 462.60 Td (income ) Tj ET Q q 0 0 0 rg BT 326.37 462.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 340.70 462.60 Td (return ) Tj ET Q q 0 0 0 rg BT 366.69 462.60 Td (also ) Tj ET Q q 0 0 0 rg BT 384.90 462.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 420.34 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 434.67 462.60 Td (taxable ) Tj ET Q q 0 0 0 rg BT 465.65 462.60 Td (results ) Tj ET Q q 0 0 0 rg BT 493.87 462.60 Td (of ) Tj ET Q q 0 0 0 rg BT 504.31 462.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 533.62 462.60 Td (grantor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (trusts, ) Tj ET Q q 0 0 0 rg BT 76.27 450.60 Td (which ) Tj ET Q q 0 0 0 rg BT 103.30 450.60 Td (are ) Tj ET Q q 0 0 0 rg BT 118.11 450.60 Td (excluded ) Tj ET Q q 0 0 0 rg BT 156.80 450.60 Td (from ) Tj ET Q q 0 0 0 rg BT 178.84 450.60 Td (our ) Tj ET Q q 0 0 0 rg BT 194.76 450.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 247.90 450.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 285.48 450.60 Td (statements; ) Tj ET Q q 0 0 0 rg BT 333.07 450.60 Td (however) Tj ET Q q 0 0 0 rg BT 367.10 450.60 Td (, ) Tj ET Q q 0 0 0 rg BT 372.20 450.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 402.00 450.60 Td (related ) Tj ET Q q 0 0 0 rg BT 431.79 450.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 446.61 450.60 Td (attributes ) Tj ET Q q 0 0 0 rg BT 486.42 450.60 Td (are ) Tj ET Q q 0 0 0 rg BT 501.22 450.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 538.80 450.60 Td (in ) Tj ET Q q 0 0 0 rg BT 549.17 450.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.07 438.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 141.08 438.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 186.33 438.60 Td (since ) Tj ET Q q 0 0 0 rg BT 209.91 438.60 Td (they ) Tj ET Q q 0 0 0 rg BT 230.15 438.60 Td (are ) Tj ET Q q 0 0 0 rg BT 245.39 438.60 Td (part ) Tj ET Q q 0 0 0 rg BT 263.97 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 275.33 438.60 Td (our ) Tj ET Q q 0 0 0 rg BT 291.69 438.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 322.48 438.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 337.73 438.60 Td (return. ) Tj ET Q q 0 0 0 rg BT 367.13 438.60 Td (For ) Tj ET Q q 0 0 0 rg BT 384.06 438.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 427.08 438.60 Td (information, ) Tj ET Q q 0 0 0 rg BT 479.82 438.60 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 495.62 438.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 517.54 438.60 Td (15.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 530.04 438.60 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 533.07 438.60 Td (Income ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (T) Tj ET Q q 0 0 0 rg BT 54.14 426.60 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.91 426.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 407.2669921875 m 169.3203125 407.2669921875 l s q 0 0 0 rg BT 58.50 408.60 Td (Stock-Based ) Tj ET Q q 0 0 0 rg BT 111.55 408.60 Td (Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 390.60 Td (Stock-based ) Tj ET Q q 0 0 0 rg BT 109.58 390.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 167.33 390.60 Td (for ) Tj ET Q q 0 0 0 rg BT 181.20 390.60 Td (share-based ) Tj ET Q q 0 0 0 rg BT 230.60 390.60 Td (awards ) Tj ET Q q 0 0 0 rg BT 261.13 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 271.11 390.60 Td (employees ) Tj ET Q q 0 0 0 rg BT 316.08 390.60 Td (is ) Tj ET Q q 0 0 0 rg BT 324.96 390.60 Td (accounted ) Tj ET Q q 0 0 0 rg BT 367.70 390.60 Td (for ) Tj ET Q q 0 0 0 rg BT 381.56 390.60 Td (as ) Tj ET Q q 0 0 0 rg BT 392.10 390.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 449.85 390.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 484.26 390.60 Td (based ) Tj ET Q q 0 0 0 rg BT 509.23 390.60 Td (on ) Tj ET Q q 0 0 0 rg BT 521.44 390.60 Td (their ) Tj ET Q q 0 0 0 rg BT 541.97 390.60 Td (grant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (date ) Tj ET Q q 0 0 0 rg BT 68.66 378.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 85.03 378.60 Td (values. ) Tj ET Q q 0 0 0 rg BT 115.58 378.60 Td (For ) Tj ET Q q 0 0 0 rg BT 131.97 378.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 174.46 378.60 Td (information, ) Tj ET Q q 0 0 0 rg BT 226.67 378.60 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 241.94 378.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 263.33 378.60 Td (17.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 275.83 378.60 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 278.33 378.60 Td (Stock-Based ) Tj ET Q q 0 0 0 rg BT 330.07 378.60 Td (A) Tj ET Q q 0 0 0 rg BT 335.63 378.60 Td (war) Tj ET Q q 0 0 0 rg BT 350.82 378.60 Td (d ) Tj ET Q q 0 0 0 rg BT 358.32 378.60 Td (Plans) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 381.10 378.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 359.2669921875 m 167.650390625 359.2669921875 l s q 0 0 0 rg BT 58.50 360.60 Td (Cash ) Tj ET Q q 0 0 0 rg BT 81.00 360.60 Td (and ) Tj ET Q q 0 0 0 rg BT 97.94 360.60 Td (Cash ) Tj ET Q q 0 0 0 rg BT 120.44 360.60 Td (Equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 342.60 Td (Cash ) Tj ET Q q 0 0 0 rg BT 81.57 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 99.08 342.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 119.91 342.60 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 168.52 342.60 Td (include ) Tj ET Q q 0 0 0 rg BT 201.03 342.60 Td (all ) Tj ET Q q 0 0 0 rg BT 214.09 342.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 234.93 342.60 Td (balances ) Tj ET Q q 0 0 0 rg BT 272.42 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 289.93 342.60 Td (highly ) Tj ET Q q 0 0 0 rg BT 318.55 342.60 Td (liquid ) Tj ET Q q 0 0 0 rg BT 344.96 342.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 395.80 342.60 Td (having ) Tj ET Q q 0 0 0 rg BT 426.09 342.60 Td (maturities ) Tj ET Q q 0 0 0 rg BT 469.14 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 480.54 342.60 Td (three ) Tj ET Q q 0 0 0 rg BT 503.60 342.60 Td (months ) Tj ET Q q 0 0 0 rg BT 536.11 342.60 Td (or ) Tj ET Q q 0 0 0 rg BT 547.51 342.60 Td (less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (from ) Tj ET Q q 0 0 0 rg BT 71.62 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 86.51 330.60 Td (date ) Tj ET Q q 0 0 0 rg BT 105.85 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 116.85 330.60 Td (purchase. ) Tj ET Q q 0 0 0 rg BT 157.38 330.60 Td (These ) Tj ET Q q 0 0 0 rg BT 183.93 330.60 Td (short-term ) Tj ET Q q 0 0 0 rg BT 228.26 330.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 278.72 330.60 Td (are ) Tj ET Q q 0 0 0 rg BT 293.60 330.60 Td (stated ) Tj ET Q q 0 0 0 rg BT 319.60 330.60 Td (at ) Tj ET Q q 0 0 0 rg BT 329.50 330.60 Td (cost, ) Tj ET Q q 0 0 0 rg BT 350.79 330.60 Td (which ) Tj ET Q q 0 0 0 rg BT 377.90 330.60 Td (approximates ) Tj ET Q q 0 0 0 rg BT 434.45 330.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 451.01 330.60 Td (value. ) Tj ET Q q 0 0 0 rg BT 477.84 330.60 Td (Balances ) Tj ET Q q 0 0 0 rg BT 516.61 330.60 Td (held ) Tj ET Q q 0 0 0 rg BT 536.51 330.60 Td (by ) Tj ET Q q 0 0 0 rg BT 549.19 330.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (international ) Tj ET Q q 0 0 0 rg BT 102.54 318.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 152.25 318.60 Td (are ) Tj ET Q q 0 0 0 rg BT 166.96 318.60 Td (not ) Tj ET Q q 0 0 0 rg BT 182.24 318.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 221.94 318.60 Td (available ) Tj ET Q q 0 0 0 rg BT 260.53 318.60 Td (for ) Tj ET Q q 0 0 0 rg BT 274.69 318.60 Td (near) Tj ET Q q 0 0 0 rg BT 291.70 318.60 Td (-term ) Tj ET Q q 0 0 0 rg BT 315.85 318.60 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 352.24 318.60 Td (in ) Tj ET Q q 0 0 0 rg BT 362.52 318.60 Td (our ) Tj ET Q q 0 0 0 rg BT 378.35 318.60 Td (domestic ) Tj ET Q q 0 0 0 rg BT 416.96 318.60 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 299.2669921875 m 297.875 299.2669921875 l s q 0 0 0 rg BT 58.50 300.60 Td (Accounts Receivable and ) Tj ET Q q 0 0 0 rg BT 162.07 300.60 Td (Allowance for Doubtful ) Tj ET Q q 0 0 0 rg BT 260.11 300.60 Td (Accounts) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 297.88 300.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 282.60 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 99.35 282.60 Td (receivable ) Tj ET Q q 0 0 0 rg BT 143.50 282.60 Td (consist ) Tj ET Q q 0 0 0 rg BT 174.36 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 185.77 282.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 222.73 282.60 Td (due ) Tj ET Q q 0 0 0 rg BT 240.25 282.60 Td (to ) Tj ET Q q 0 0 0 rg BT 251.10 282.60 Td (us ) Tj ET Q q 0 0 0 rg BT 263.07 282.60 Td (from ) Tj ET Q q 0 0 0 rg BT 285.59 282.60 Td (normal ) Tj ET Q q 0 0 0 rg BT 316.99 282.60 Td (business ) Tj ET Q q 0 0 0 rg BT 353.96 282.60 Td (activities. ) Tj ET Q q 0 0 0 rg BT 394.96 282.60 Td (Allowances ) Tj ET Q q 0 0 0 rg BT 445.24 282.60 Td (for ) Tj ET Q q 0 0 0 rg BT 459.98 282.60 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 496.94 282.60 Td (accounts ) Tj ET Q q 0 0 0 rg BT 535.01 282.60 Td (are ) Tj ET Q q 0 0 0 rg BT 550.29 282.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 89.62 270.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 115.30 270.60 Td (from ) Tj ET Q q 0 0 0 rg BT 136.54 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 150.55 270.60 Td (inability ) Tj ET Q q 0 0 0 rg BT 185.68 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 195.80 270.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 238.15 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 247.72 270.60 Td (make ) Tj ET Q q 0 0 0 rg BT 271.17 270.60 Td (required ) Tj ET Q q 0 0 0 rg BT 306.28 270.60 Td (payments. ) Tj ET Q q 0 0 0 rg BT 348.77 270.60 Td (W) Tj ET Q q 0 0 0 rg BT 357.41 270.60 Td (e ) Tj ET Q q 0 0 0 rg BT 363.65 270.60 Td (use ) Tj ET Q q 0 0 0 rg BT 378.77 270.60 Td (historical ) Tj ET Q q 0 0 0 rg BT 417.78 270.60 Td (experience, ) Tj ET Q q 0 0 0 rg BT 465.38 270.60 Td (as ) Tj ET Q q 0 0 0 rg BT 475.50 270.60 Td (well ) Tj ET Q q 0 0 0 rg BT 494.51 270.60 Td (as ) Tj ET Q q 0 0 0 rg BT 504.64 270.60 Td (current ) Tj ET Q q 0 0 0 rg BT 534.75 270.60 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (information, ) Tj ET Q q 0 0 0 rg BT 101.71 258.60 Td (in ) Tj ET Q q 0 0 0 rg BT 111.99 258.60 Td (determining ) Tj ET Q q 0 0 0 rg BT 162.81 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 177.53 258.60 Td (estimate. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 239.26699218750002 m 181.2880859375 239.26699218750002 l s q 0 0 0 rg BT 58.50 240.60 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 101.54 240.60 Td (Funds ) Tj ET Q q 0 0 0 rg BT 128.50 240.60 Td (Held ) Tj ET Q q 0 0 0 rg BT 150.43 240.60 Td (in ) Tj ET Q q 0 0 0 rg BT 160.53 240.60 Td (T) Tj ET Q q 0 0 0 rg BT 166.29 240.60 Td (rust) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 222.60 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 101.10 222.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 125.38 222.60 Td (held ) Tj ET Q q 0 0 0 rg BT 144.65 222.60 Td (in ) Tj ET Q q 0 0 0 rg BT 154.48 222.60 Td (trust ) Tj ET Q q 0 0 0 rg BT 174.32 222.60 Td (are ) Tj ET Q q 0 0 0 rg BT 188.58 222.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 227.85 222.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 263.79 222.60 Td (received ) Tj ET Q q 0 0 0 rg BT 299.71 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 316.20 222.60 Td (held ) Tj ET Q q 0 0 0 rg BT 335.47 222.60 Td (by ) Tj ET Q q 0 0 0 rg BT 347.53 222.60 Td (third ) Tj ET Q q 0 0 0 rg BT 368.47 222.60 Td (party ) Tj ET Q q 0 0 0 rg BT 391.07 222.60 Td (trustees ) Tj ET Q q 0 0 0 rg BT 423.68 222.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 456.27 222.60 Td (to ) Tj ET Q q 0 0 0 rg BT 466.11 222.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 495.37 222.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 529.08 222.60 Td (we ) Tj ET Q q 0 0 0 rg BT 542.79 222.60 Td (own. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 210.60 Td (e ) Tj ET Q q 0 0 0 rg BT 65.46 210.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 105.55 210.60 Td (do ) Tj ET Q q 0 0 0 rg BT 118.44 210.60 Td (not ) Tj ET Q q 0 0 0 rg BT 134.11 210.60 Td (control ) Tj ET Q q 0 0 0 rg BT 165.32 210.60 Td (these ) Tj ET Q q 0 0 0 rg BT 188.76 210.60 Td (accounts ) Tj ET Q q 0 0 0 rg BT 226.63 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 243.96 210.60 Td (these ) Tj ET Q q 0 0 0 rg BT 267.39 210.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 292.50 210.60 Td (may ) Tj ET Q q 0 0 0 rg BT 312.61 210.60 Td (be ) Tj ET Q q 0 0 0 rg BT 324.93 210.60 Td (used ) Tj ET Q q 0 0 0 rg BT 346.15 210.60 Td (only ) Tj ET Q q 0 0 0 rg BT 366.82 210.60 Td (for ) Tj ET Q q 0 0 0 rg BT 381.37 210.60 Td (specified ) Tj ET Q q 0 0 0 rg BT 420.35 210.60 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 461.08 210.60 Td (These ) Tj ET Q q 0 0 0 rg BT 487.85 210.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 512.96 210.60 Td (include ) Tj ET Q q 0 0 0 rg BT 545.28 210.60 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (service ) Tj ET Q q 0 0 0 rg BT 79.64 198.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 114.22 198.60 Td (for ) Tj ET Q q 0 0 0 rg BT 127.70 198.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 163.95 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 174.10 198.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 211.47 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 227.73 198.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 258.98 198.60 Td (on ) Tj ET Q q 0 0 0 rg BT 270.80 198.60 Td (project ) Tj ET Q q 0 0 0 rg BT 300.39 198.60 Td (debt. ) Tj ET Q q 0 0 0 rg BT 321.93 198.60 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 358.73 198.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 382.78 198.60 Td (are ) Tj ET Q q 0 0 0 rg BT 396.80 198.60 Td (comprised ) Tj ET Q q 0 0 0 rg BT 440.28 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 450.43 198.60 Td (deposits ) Tj ET Q q 0 0 0 rg BT 485.03 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 495.18 198.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 528.65 198.60 Td (received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (with ) Tj ET Q q 0 0 0 rg BT 68.66 186.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 98.35 186.60 Td (to ) Tj ET Q q 0 0 0 rg BT 107.51 186.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 140.54 186.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 161.36 186.60 Td (to ) Tj ET Q q 0 0 0 rg BT 170.52 186.60 Td (their ) Tj ET Q q 0 0 0 rg BT 190.23 186.60 Td (disbursement. ) Tj ET Q q 0 0 0 rg BT 247.43 186.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 271.58 186.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 295.18 186.60 Td (include ) Tj ET Q q 0 0 0 rg BT 325.99 186.60 Td (escrowed ) Tj ET Q q 0 0 0 rg BT 365.13 186.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 383.73 186.60 Td (proceeds, ) Tj ET Q q 0 0 0 rg BT 423.14 186.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 458.41 186.60 Td (held ) Tj ET Q q 0 0 0 rg BT 477.00 186.60 Td (in ) Tj ET Q q 0 0 0 rg BT 486.16 186.60 Td (trust ) Tj ET Q q 0 0 0 rg BT 505.32 186.60 Td (for ) Tj ET Q q 0 0 0 rg BT 518.36 186.60 Td (operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (maintenance, ) Tj ET Q q 0 0 0 rg BT 105.43 174.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 166.10 174.60 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 215.95 174.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 256.61 174.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 279.50 174.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 315.17 174.60 Td (in ) Tj ET Q q 0 0 0 rg BT 325.85 174.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 373.72 174.60 Td (with ) Tj ET Q q 0 0 0 rg BT 394.40 174.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 442.84 174.60 Td (with ) Tj ET Q q 0 0 0 rg BT 463.52 174.60 Td (our ) Tj ET Q q 0 0 0 rg BT 479.76 174.60 Td (clients, ) Tj ET Q q 0 0 0 rg BT 511.27 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 528.61 174.60 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (held ) Tj ET Q q 0 0 0 rg BT 68.99 162.60 Td (for ) Tj ET Q q 0 0 0 rg BT 82.93 162.60 Td (future ) Tj ET Q q 0 0 0 rg BT 109.08 162.60 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 151.35 162.60 Td (distributions. ) Tj ET Q q 0 0 0 rg BT 206.13 162.60 Td (Such ) Tj ET Q q 0 0 0 rg BT 228.41 162.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 252.90 162.60 Td (are ) Tj ET Q q 0 0 0 rg BT 267.39 162.60 Td (invested ) Tj ET Q q 0 0 0 rg BT 302.99 162.60 Td (principally ) Tj ET Q q 0 0 0 rg BT 348.59 162.60 Td (in ) Tj ET Q q 0 0 0 rg BT 358.64 162.60 Td (money ) Tj ET Q q 0 0 0 rg BT 388.14 162.60 Td (market ) Tj ET Q q 0 0 0 rg BT 418.18 162.60 Td (funds, ) Tj ET Q q 0 0 0 rg BT 445.17 162.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 466.89 162.60 Td (deposits ) Tj ET Q q 0 0 0 rg BT 501.95 162.60 Td (and ) Tj ET Q q 0 0 0 rg BT 518.66 162.60 Td (certificates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.18 150.60 Td (deposit, ) Tj ET Q q 0 0 0 rg BT 93.91 150.60 Td (United ) Tj ET Q q 0 0 0 rg BT 123.48 150.60 Td (States ) Tj ET Q q 0 0 0 rg BT 149.71 150.60 Td (treasury ) Tj ET Q q 0 0 0 rg BT 184.27 150.60 Td (bills ) Tj ET Q q 0 0 0 rg BT 203.84 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 220.63 150.60 Td (notes, ) Tj ET Q q 0 0 0 rg BT 246.58 150.60 Td (United ) Tj ET Q q 0 0 0 rg BT 276.15 150.60 Td (States ) Tj ET Q q 0 0 0 rg BT 302.38 150.60 Td (government ) Tj ET Q q 0 0 0 rg BT 352.49 150.60 Td (agency ) Tj ET Q q 0 0 0 rg BT 383.16 150.60 Td (securities, ) Tj ET Q q 0 0 0 rg BT 425.77 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 442.55 150.60 Td (high-quality ) Tj ET Q q 0 0 0 rg BT 493.78 150.60 Td (municipal ) Tj ET Q q 0 0 0 rg BT 536.12 150.60 Td (bonds. ) Tj ET Q q 0 0 0 rg BT 565.01 150.60 Td ( ) Tj ET Q endstream endobj 145 0 obj <>] /Rotate 0 /Contents 146 0 R>> endobj 146 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 29.10 Td (72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 726.60 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 101.54 726.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 122.37 726.60 Td (balances ) Tj ET Q q 0 0 0 rg BT 159.30 726.60 Td (are ) Tj ET Q q 0 0 0 rg BT 174.00 726.60 Td (as ) Tj ET Q q 0 0 0 rg BT 184.83 726.60 Td (follows ) Tj ET Q q 0 0 0 rg BT 217.33 726.60 Td (\(in ) Tj ET Q q 0 0 0 rg BT 230.94 726.60 Td (millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 680.10 262.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 680.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 680.10 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 680.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 680.10 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 680.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 680.10 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 680.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 680.10 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 652.10 262.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 652.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 652.10 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 652.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 652.10 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 652.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 652.10 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 652.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 652.10 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 624.10 262.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 624.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 624.10 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 624.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 624.10 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 624.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 624.10 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 624.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 624.10 59.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 704.1 m 374 704.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 704.1 m 378 704.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 704.1 m 437 704.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 704.1 m 441 704.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 704.1 m 499 704.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 704.1 m 503 704.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 704.1 m 562 704.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 704.1 m 374 704.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 692.1 m 374 692.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 692.1 m 378 692.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 692.1 m 437 692.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 704.1 m 499 704.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 692.1 m 499 692.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 692.1 m 503 692.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 692.1 m 562 692.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 680.1 m 374 680.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 680.1 m 437 680.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 680.1 m 499 680.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 680.1 m 562 680.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 680.1 m 374 680.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 680.1 m 437 680.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 680.1 m 499 680.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 680.1 m 562 680.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 652.1 m 374 652.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 652.1 m 437 652.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 652.1 m 499 652.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 652.1 m 562 652.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 652.1 m 437 652.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 652.1 m 499 652.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 652.1 m 562 652.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 610.1 m 374 610.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 610.1 m 437 610.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 610.1 m 499 610.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 610.1 m 562 610.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 597.1 m 374 597.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 595.1 m 374 595.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 610.1 m 437 610.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 597.1 m 437 597.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 595.1 m 437 595.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 610.1 m 499 610.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 597.1 m 499 597.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 595.1 m 499 595.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 610.1 m 562 610.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 597.1 m 562 597.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 595.1 m 562 595.1 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 708.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.45 708.18 Td (As of December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 696.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.00 696.18 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.00 696.18 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 684.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.55 684.18 Td (Current) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.05 684.18 Td (Noncurrent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.55 684.18 Td (Current) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.05 684.18 Td (Noncurrent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 670.67 Td (Debt service funds - principal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.50 670.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.15 670.67 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 670.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.15 670.67 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.50 670.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 670.67 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 670.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 670.67 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 656.67 Td (Debt service funds - interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 656.67 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 656.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 656.67 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 656.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 642.67 Td (Total debt service funds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.15 642.67 Td (11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.15 642.67 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 642.67 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 642.67 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 628.67 Td (Revenue funds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 628.67 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 628.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 628.67 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 628.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 614.67 Td (Other funds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.15 614.67 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 614.67 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 614.67 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 614.67 Td (75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 600.67 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.50 600.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.15 600.67 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 600.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 600.67 Td (54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.50 600.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 600.67 Td (77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 600.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 600.67 Td (83) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 577.2669921875 m 131.5126953125 577.2669921875 l s q 0 0 0 rg BT 58.50 578.60 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 96.53 578.60 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 560.60 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 96.50 560.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 130.61 560.60 Td (included ) Tj ET Q q 0 0 0 rg BT 167.51 560.60 Td (in ) Tj ET Q q 0 0 0 rg BT 177.21 560.60 Td (Accrued ) Tj ET Q q 0 0 0 rg BT 213.55 560.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 252.12 560.60 Td (and ) Tj ET Q q 0 0 0 rg BT 269.02 560.60 Td (other ) Tj ET Q q 0 0 0 rg BT 292.04 560.60 Td (current ) Tj ET Q q 0 0 0 rg BT 322.82 560.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 362.51 560.60 Td (on ) Tj ET Q q 0 0 0 rg BT 374.97 560.60 Td (our ) Tj ET Q q 0 0 0 rg BT 390.77 560.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 443.78 560.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 476.78 560.60 Td (sheet ) Tj ET Q q 0 0 0 rg BT 499.80 560.60 Td (consisted ) Tj ET Q q 0 0 0 rg BT 539.48 560.60 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 560.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.60 Td (following ) Tj ET Q q 0 0 0 rg BT 90.89 548.60 Td (\(in ) Tj ET Q q 0 0 0 rg BT 104.50 548.60 Td (millions\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 514.10 303.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 514.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 514.10 97.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 514.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 514.10 97.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 486.10 303.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 486.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 486.10 97.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 486.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 486.10 97.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 526.1 m 454 526.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 526.1 m 458 526.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 526.1 m 555 526.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 526.1 m 454 526.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 514.1 m 454 514.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 526.1 m 555 526.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 514.1 m 555 514.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 514.1 m 454 514.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 514.1 m 555 514.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 486.1 m 454 486.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 486.1 m 555 486.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 473.1 m 454 473.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 471.1 m 454 471.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 486.1 m 555 486.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 473.1 m 555 473.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 471.1 m 555 471.1 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 530.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.45 530.18 Td (As of December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 518.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.00 518.18 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.00 518.18 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 504.67 Td (Advance billings to municipalities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.50 504.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 504.67 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 504.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.15 504.67 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 490.67 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 490.67 Td (11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.15 490.67 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 476.67 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.50 476.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 476.67 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 476.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 476.67 Td (13) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 454.60 Td (Advance ) Tj ET Q q 0 0 0 rg BT 95.94 454.60 Td (billings ) Tj ET Q q 0 0 0 rg BT 127.85 454.60 Td (to ) Tj ET Q q 0 0 0 rg BT 137.53 454.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 166.64 454.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 209.09 454.60 Td (are ) Tj ET Q q 0 0 0 rg BT 223.20 454.60 Td (billed ) Tj ET Q q 0 0 0 rg BT 247.88 454.60 Td (one ) Tj ET Q q 0 0 0 rg BT 264.22 454.60 Td (or ) Tj ET Q q 0 0 0 rg BT 274.46 454.60 Td (two ) Tj ET Q q 0 0 0 rg BT 291.36 454.60 Td (months ) Tj ET Q q 0 0 0 rg BT 322.71 454.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 344.06 454.60 Td (to ) Tj ET Q q 0 0 0 rg BT 353.74 454.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 406.17 454.60 Td (of ) Tj ET Q q 0 0 0 rg BT 416.40 454.60 Td (service ) Tj ET Q q 0 0 0 rg BT 446.62 454.60 Td (and ) Tj ET Q q 0 0 0 rg BT 462.96 454.60 Td (are ) Tj ET Q q 0 0 0 rg BT 477.07 454.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 522.84 454.60 Td (as ) Tj ET Q q 0 0 0 rg BT 533.08 454.60 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 442.60 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 442.60 Td (period ) Tj ET Q q 0 0 0 rg BT 102.54 442.60 Td (the ) Tj ET Q q 0 0 0 rg BT 117.26 442.60 Td (service ) Tj ET Q q 0 0 0 rg BT 148.07 442.60 Td (is ) Tj ET Q q 0 0 0 rg BT 157.24 442.60 Td (provided. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 423.2669921875 m 181.166015625 423.2669921875 l s q 0 0 0 rg BT 58.50 424.60 Td (Property) Tj ET Q q 0 0 0 rg BT 92.29 424.60 Td (, ) Tj ET Q q 0 0 0 rg BT 97.29 424.60 Td (Plant ) Tj ET Q q 0 0 0 rg BT 120.35 424.60 Td (and ) Tj ET Q q 0 0 0 rg BT 137.28 424.60 Td (Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 406.60 Td (Property) Tj ET Q q 0 0 0 rg BT 92.29 406.60 Td (, ) Tj ET Q q 0 0 0 rg BT 98.08 406.60 Td (plant, ) Tj ET Q q 0 0 0 rg BT 123.88 406.60 Td (and ) Tj ET Q q 0 0 0 rg BT 141.61 406.60 Td (equipment ) Tj ET Q q 0 0 0 rg BT 187.12 406.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 224.84 406.60 Td (in ) Tj ET Q q 0 0 0 rg BT 235.91 406.60 Td (business ) Tj ET Q q 0 0 0 rg BT 273.10 406.60 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 324.17 406.60 Td (is ) Tj ET Q q 0 0 0 rg BT 334.13 406.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 372.41 406.60 Td (at ) Tj ET Q q 0 0 0 rg BT 382.92 406.60 Td (our ) Tj ET Q q 0 0 0 rg BT 399.54 406.60 Td (estimate ) Tj ET Q q 0 0 0 rg BT 436.16 406.60 Td (of ) Tj ET Q q 0 0 0 rg BT 447.79 406.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 464.96 406.60 Td (value ) Tj ET Q q 0 0 0 rg BT 489.91 406.60 Td (on ) Tj ET Q q 0 0 0 rg BT 503.21 406.60 Td (the ) Tj ET Q q 0 0 0 rg BT 518.72 406.60 Td (date ) Tj ET Q q 0 0 0 rg BT 538.67 406.60 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 406.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.60 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 98.01 394.60 Td (Additions, ) Tj ET Q q 0 0 0 rg BT 142.70 394.60 Td (improvements ) Tj ET Q q 0 0 0 rg BT 202.65 394.60 Td (and ) Tj ET Q q 0 0 0 rg BT 219.82 394.60 Td (major ) Tj ET Q q 0 0 0 rg BT 245.89 394.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 299.72 394.60 Td (are ) Tj ET Q q 0 0 0 rg BT 314.66 394.60 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 360.70 394.60 Td (if ) Tj ET Q q 0 0 0 rg BT 369.55 394.60 Td (they ) Tj ET Q q 0 0 0 rg BT 389.50 394.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 424.99 394.60 Td (the ) Tj ET Q q 0 0 0 rg BT 439.95 394.60 Td (original ) Tj ET Q q 0 0 0 rg BT 473.79 394.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 509.83 394.60 Td (or ) Tj ET Q q 0 0 0 rg BT 520.90 394.60 Td (extend ) Tj ET Q q 0 0 0 rg BT 550.29 394.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.60 Td (remaining ) Tj ET Q q 0 0 0 rg BT 92.91 382.60 Td (useful ) Tj ET Q q 0 0 0 rg BT 120.23 382.60 Td (life ) Tj ET Q q 0 0 0 rg BT 136.42 382.60 Td (of ) Tj ET Q q 0 0 0 rg BT 147.63 382.60 Td (the ) Tj ET Q q 0 0 0 rg BT 162.72 382.60 Td (original ) Tj ET Q q 0 0 0 rg BT 196.69 382.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 219.00 382.60 Td (more ) Tj ET Q q 0 0 0 rg BT 242.42 382.60 Td (than ) Tj ET Q q 0 0 0 rg BT 262.51 382.60 Td (one ) Tj ET Q q 0 0 0 rg BT 279.82 382.60 Td (year) Tj ET Q q 0 0 0 rg BT 296.48 382.60 Td (. ) Tj ET Q q 0 0 0 rg BT 301.85 382.60 Td (Maintenance ) Tj ET Q q 0 0 0 rg BT 356.36 382.60 Td (repairs ) Tj ET Q q 0 0 0 rg BT 386.44 382.60 Td (and ) Tj ET Q q 0 0 0 rg BT 403.75 382.60 Td (minor ) Tj ET Q q 0 0 0 rg BT 430.51 382.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 484.48 382.60 Td (are ) Tj ET Q q 0 0 0 rg BT 499.56 382.60 Td (expensed ) Tj ET Q q 0 0 0 rg BT 539.64 382.60 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 382.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.60 Td (period ) Tj ET Q q 0 0 0 rg BT 78.53 370.60 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 117.83 370.60 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 172.96 370.60 Td (is ) Tj ET Q q 0 0 0 rg BT 183.11 370.60 Td (computed ) Tj ET Q q 0 0 0 rg BT 226.03 370.60 Td (using ) Tj ET Q q 0 0 0 rg BT 251.19 370.60 Td (the ) Tj ET Q q 0 0 0 rg BT 266.89 370.60 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 318.70 370.60 Td (method ) Tj ET Q q 0 0 0 rg BT 352.18 370.60 Td (over ) Tj ET Q q 0 0 0 rg BT 373.43 370.60 Td (the ) Tj ET Q q 0 0 0 rg BT 389.13 370.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 430.94 370.60 Td (useful ) Tj ET Q q 0 0 0 rg BT 458.86 370.60 Td (lives ) Tj ET Q q 0 0 0 rg BT 481.23 370.60 Td (of ) Tj ET Q q 0 0 0 rg BT 493.05 370.60 Td (the ) Tj ET Q q 0 0 0 rg BT 508.75 370.60 Td (assets, ) Tj ET Q q 0 0 0 rg BT 538.07 370.60 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 89.03 358.60 Td (range ) Tj ET Q q 0 0 0 rg BT 113.57 358.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.34 358.60 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.32 358.60 Td ( ) Tj ET Q q 0 0 0 rg BT 157.66 358.60 Td (years ) Tj ET Q q 0 0 0 rg BT 181.08 358.60 Td (for ) Tj ET Q q 0 0 0 rg BT 195.08 358.60 Td (computer ) Tj ET Q q 0 0 0 rg BT 235.17 358.60 Td (equipment ) Tj ET Q q 0 0 0 rg BT 279.71 358.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.82 358.60 Td (50 ) Tj ET Q q 0 0 0 rg BT 302.15 358.60 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.25 358.60 Td ( ) Tj ET Q q 0 0 0 rg BT 325.58 358.60 Td (for ) Tj ET Q q 0 0 0 rg BT 339.57 358.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 369.10 358.60 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 425.30 358.60 Td (components ) Tj ET Q q 0 0 0 rg BT 475.95 358.60 Td (of ) Tj ET Q q 0 0 0 rg BT 486.61 358.60 Td (ener) Tj ET Q q 0 0 0 rg BT 503.64 358.60 Td (gy-from-waste ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.60 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 89.21 346.60 Td (Property) Tj ET Q q 0 0 0 rg BT 123.00 346.60 Td (, ) Tj ET Q q 0 0 0 rg BT 128.27 346.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 151.04 346.60 Td (and ) Tj ET Q q 0 0 0 rg BT 168.26 346.60 Td (equipment ) Tj ET Q q 0 0 0 rg BT 213.25 346.60 Td (at ) Tj ET Q q 0 0 0 rg BT 223.24 346.60 Td (our ) Tj ET Q q 0 0 0 rg BT 239.35 346.60 Td (service ) Tj ET Q q 0 0 0 rg BT 270.44 346.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 285.43 346.60 Td (operated ) Tj ET Q q 0 0 0 rg BT 322.63 346.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 359.84 346.60 Td (are ) Tj ET Q q 0 0 0 rg BT 374.82 346.60 Td (not ) Tj ET Q q 0 0 0 rg BT 390.38 346.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 437.02 346.60 Td (on ) Tj ET Q q 0 0 0 rg BT 449.79 346.60 Td (our ) Tj ET Q q 0 0 0 rg BT 465.90 346.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 499.21 346.60 Td (sheet ) Tj ET Q q 0 0 0 rg BT 522.53 346.60 Td (due ) Tj ET Q q 0 0 0 rg BT 539.75 346.60 Td (to ) Tj ET Q q 0 0 0 rg BT 550.31 346.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.60 Td (adoption ) Tj ET Q q 0 0 0 rg BT 88.00 334.60 Td (of ) Tj ET Q q 0 0 0 rg BT 99.84 334.60 Td (the ) Tj ET Q q 0 0 0 rg BT 115.56 334.60 Td (service ) Tj ET Q q 0 0 0 rg BT 147.39 334.60 Td (concession ) Tj ET Q q 0 0 0 rg BT 194.77 334.60 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 252.14 334.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 291.74 334.60 Td (described ) Tj ET Q q 0 0 0 rg BT 333.56 334.60 Td (in ) Tj ET Q q 0 0 0 rg BT 344.85 334.60 Td (greater ) Tj ET Q q 0 0 0 rg BT 376.11 334.60 Td (detail ) Tj ET Q q 0 0 0 rg BT 401.83 334.60 Td (within ) Tj ET Q q 0 0 0 rg BT 430.89 334.60 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 446.62 334.60 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 495.67 334.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 505.30 334.60 Td (onouncements ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 322.60 Td (Recently ) Tj ET Q q 0 0 0 rg BT 86.72 322.60 Td (Adopted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.05 322.60 Td ( ) Tj ET Q q 0 0 0 rg BT 123.07 322.60 Td (discussion ) Tj ET Q q 0 0 0 rg BT 167.76 322.60 Td (below) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 192.20 322.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.72 322.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 217.97 322.60 Td (additions, ) Tj ET Q q 0 0 0 rg BT 260.16 322.60 Td (improvements ) Tj ET Q q 0 0 0 rg BT 320.39 322.60 Td (and ) Tj ET Q q 0 0 0 rg BT 337.85 322.60 Td (major ) Tj ET Q q 0 0 0 rg BT 364.20 322.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 418.31 322.60 Td (for ) Tj ET Q q 0 0 0 rg BT 433.00 322.60 Td (which ) Tj ET Q q 0 0 0 rg BT 460.46 322.60 Td (we ) Tj ET Q q 0 0 0 rg BT 475.14 322.60 Td (are ) Tj ET Q q 0 0 0 rg BT 490.37 322.60 Td (responsible ) Tj ET Q q 0 0 0 rg BT 538.94 322.60 Td (at ) Tj ET Q q 0 0 0 rg BT 549.18 322.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.60 Td (service ) Tj ET Q q 0 0 0 rg BT 79.93 310.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 94.25 310.60 Td (operated ) Tj ET Q q 0 0 0 rg BT 130.79 310.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 167.34 310.60 Td (are ) Tj ET Q q 0 0 0 rg BT 181.66 310.60 Td (expensed ) Tj ET Q q 0 0 0 rg BT 220.98 310.60 Td (in ) Tj ET Q q 0 0 0 rg BT 230.88 310.60 Td (the ) Tj ET Q q 0 0 0 rg BT 245.21 310.60 Td (period ) Tj ET Q q 0 0 0 rg BT 272.87 310.60 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 310.80 310.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 328.47 310.60 Td (leasehold ) Tj ET Q q 0 0 0 rg BT 368.35 310.60 Td (improvements ) Tj ET Q q 0 0 0 rg BT 427.68 310.60 Td (are ) Tj ET Q q 0 0 0 rg BT 442.00 310.60 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 490.20 310.60 Td (over ) Tj ET Q q 0 0 0 rg BT 510.08 310.60 Td (the ) Tj ET Q q 0 0 0 rg BT 524.41 310.60 Td (life ) Tj ET Q q 0 0 0 rg BT 539.85 310.60 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 310.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 71.10 298.60 Td (term ) Tj ET Q q 0 0 0 rg BT 91.05 298.60 Td (or ) Tj ET Q q 0 0 0 rg BT 101.00 298.60 Td (the ) Tj ET Q q 0 0 0 rg BT 114.83 298.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 135.89 298.60 Td (life, ) Tj ET Q q 0 0 0 rg BT 153.33 298.60 Td (whichever ) Tj ET Q q 0 0 0 rg BT 196.60 298.60 Td (is ) Tj ET Q q 0 0 0 rg BT 204.89 298.60 Td (shorter) Tj ET Q q 0 0 0 rg BT 232.10 298.60 Td (. ) Tj ET Q q 0 0 0 rg BT 236.22 298.60 Td (Upon ) Tj ET Q q 0 0 0 rg BT 260.06 298.60 Td (retirement ) Tj ET Q q 0 0 0 rg BT 302.77 298.60 Td (or ) Tj ET Q q 0 0 0 rg BT 312.72 298.60 Td (disposal ) Tj ET Q q 0 0 0 rg BT 347.11 298.60 Td (of ) Tj ET Q q 0 0 0 rg BT 357.06 298.60 Td (assets, ) Tj ET Q q 0 0 0 rg BT 384.51 298.60 Td (the ) Tj ET Q q 0 0 0 rg BT 398.35 298.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 416.07 298.60 Td (and ) Tj ET Q q 0 0 0 rg BT 432.13 298.60 Td (related ) Tj ET Q q 0 0 0 rg BT 460.95 298.60 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 513.10 298.60 Td (depreciation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.60 Td (are ) Tj ET Q q 0 0 0 rg BT 64.21 286.60 Td (removed ) Tj ET Q q 0 0 0 rg BT 101.69 286.60 Td (from ) Tj ET Q q 0 0 0 rg BT 123.63 286.60 Td (the ) Tj ET Q q 0 0 0 rg BT 138.35 286.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 191.39 286.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 224.42 286.60 Td (sheets ) Tj ET Q q 0 0 0 rg BT 251.36 286.60 Td (and ) Tj ET Q q 0 0 0 rg BT 268.30 286.60 Td (any ) Tj ET Q q 0 0 0 rg BT 285.24 286.60 Td (gain ) Tj ET Q q 0 0 0 rg BT 304.95 286.60 Td (or ) Tj ET Q q 0 0 0 rg BT 315.78 286.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 333.85 286.60 Td (is ) Tj ET Q q 0 0 0 rg BT 343.02 286.60 Td (reflected ) Tj ET Q q 0 0 0 rg BT 380.49 286.60 Td (in ) Tj ET Q q 0 0 0 rg BT 390.76 286.60 Td (the ) Tj ET Q q 0 0 0 rg BT 405.48 286.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 458.52 286.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 503.24 286.60 Td (of ) Tj ET Q q 0 0 0 rg BT 514.07 286.60 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 268.60 Td (Property) Tj ET Q q 0 0 0 rg BT 92.29 268.60 Td (, ) Tj ET Q q 0 0 0 rg BT 97.29 268.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 119.78 268.60 Td (and ) Tj ET Q q 0 0 0 rg BT 136.72 268.60 Td (equipment ) Tj ET Q q 0 0 0 rg BT 181.43 268.60 Td (consisted ) Tj ET Q q 0 0 0 rg BT 221.15 268.60 Td (of ) Tj ET Q q 0 0 0 rg BT 231.98 268.60 Td (the ) Tj ET Q q 0 0 0 rg BT 246.70 268.60 Td (following ) Tj ET Q q 0 0 0 rg BT 288.08 268.60 Td (\(in ) Tj ET Q q 0 0 0 rg BT 301.69 268.60 Td (millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 233.10 372.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 233.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 233.10 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 233.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 233.10 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 203.10 372.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 203.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 203.10 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 203.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 203.10 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 173.10 372.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 173.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 173.10 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 173.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 173.10 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 143.10 372.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 143.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 143.10 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 143.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 143.10 67.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 246.10000000000002 m 492 246.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 246.10000000000002 m 496 246.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 246.10000000000002 m 563 246.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 246.10000000000002 m 492 246.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 233.10000000000002 m 492 233.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 246.10000000000002 m 563 246.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 233.10000000000002 m 563 233.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 233.10000000000002 m 492 233.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 233.10000000000002 m 563 233.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 173.10000000000002 m 492 173.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 173.10000000000002 m 563 173.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 173.10000000000002 m 563 173.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 143.10000000000002 m 492 143.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 143.10000000000002 m 563 143.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 129.10000000000002 m 492 129.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 127.10000000000002 m 492 127.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 143.10000000000002 m 563 143.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 129.10000000000002 m 563 129.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 127.10000000000002 m 563 127.10000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 250.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.95 250.18 Td (As of December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 237.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.50 237.33 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.00 237.33 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 223.67 Td (Land) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.50 222.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 222.77 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.50 222.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 222.77 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 208.67 Td (Facilities and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 207.77 Td (4,188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 207.77 Td (3,885) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 193.67 Td (Landfills \(primarily for ash disposal\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 192.77 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 192.77 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 178.67 Td (Construction in progress) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 177.77 Td (433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 177.77 Td (266) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 163.67 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 162.77 Td (4,713) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 162.77 Td (4,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 148.67 Td (Less: accumulated depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.30 147.82 Td (\(1,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 147.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 147.82 Td (\(1,547) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 147.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 133.67 Td (Property, plant, and equipment net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.50 132.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 132.77 Td (3,024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.50 132.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 132.77 Td (2,690) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 110.60 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 113.58 110.60 Td (and ) Tj ET Q q 0 0 0 rg BT 131.46 110.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 185.44 110.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 221.09 110.60 Td (related ) Tj ET Q q 0 0 0 rg BT 251.73 110.60 Td (to ) Tj ET Q q 0 0 0 rg BT 262.95 110.60 Td (property) Tj ET Q q 0 0 0 rg BT 296.18 110.60 Td (, ) Tj ET Q q 0 0 0 rg BT 302.12 110.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 325.56 110.60 Td (and ) Tj ET Q q 0 0 0 rg BT 343.44 110.60 Td (equipment ) Tj ET Q q 0 0 0 rg BT 389.09 110.60 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.08 110.60 Td ($185 ) Tj ET Q q 0 0 0 rg BT 431.53 110.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.42 110.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.36 110.60 Td ($177 ) Tj ET Q q 0 0 0 rg BT 489.80 110.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.69 110.60 Td (, ) Tj ET Q q 0 0 0 rg BT 524.63 110.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.51 110.60 Td ($191 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 98.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 98.60 Td (, ) Tj ET Q q 0 0 0 rg BT 84.29 98.60 Td (for ) Tj ET Q q 0 0 0 rg BT 99.35 98.60 Td (the ) Tj ET Q q 0 0 0 rg BT 114.96 98.60 Td (years ) Tj ET Q q 0 0 0 rg BT 139.46 98.60 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.73 98.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 226.21 98.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 252.11 98.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 275.51 98.60 Td (and ) Tj ET Q q 0 0 0 rg BT 293.34 98.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.34 98.60 Td (, ) Tj ET Q q 0 0 0 rg BT 319.24 98.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 366.90 98.60 Td (. ) Tj ET Q q 0 0 0 rg BT 372.80 98.60 Td (Non-cash ) Tj ET Q q 0 0 0 rg BT 414.52 98.60 Td (investing ) Tj ET Q q 0 0 0 rg BT 454.58 98.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 494.08 98.60 Td (related ) Tj ET Q q 0 0 0 rg BT 524.68 98.60 Td (to ) Tj ET Q q 0 0 0 rg BT 535.85 98.60 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 86.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 103.31 86.60 Td (for ) Tj ET Q q 0 0 0 rg BT 117.70 86.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 148.75 86.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 183.12 86.60 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.06 86.60 Td ($41 ) Tj ET Q q 0 0 0 rg BT 230.78 86.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.67 86.60 Td ( ) Tj ET Q q 0 0 0 rg BT 262.39 86.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.55 86.60 Td ($26 ) Tj ET Q q 0 0 0 rg BT 297.27 86.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.16 86.60 Td ( ) Tj ET Q q 0 0 0 rg BT 328.88 86.60 Td (as ) Tj ET Q q 0 0 0 rg BT 339.94 86.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.99 86.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 409.79 86.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 432.51 86.60 Td (and ) Tj ET Q q 0 0 0 rg BT 449.67 86.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.67 86.60 Td (, ) Tj ET Q q 0 0 0 rg BT 474.89 86.60 Td (respectively ) Tj ET Q q 0 0 0 rg BT 525.93 86.60 Td (and ) Tj ET Q q 0 0 0 rg BT 543.09 86.60 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 74.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 86.98 74.60 Td (in ) Tj ET Q q 0 0 0 rg BT 97.25 74.60 Td (accrued ) Tj ET Q q 0 0 0 rg BT 130.84 74.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 169.44 74.60 Td (and ) Tj ET Q q 0 0 0 rg BT 186.38 74.60 Td (other ) Tj ET Q q 0 0 0 rg BT 209.42 74.60 Td (current ) Tj ET Q q 0 0 0 rg BT 240.24 74.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 279.95 74.60 Td (on ) Tj ET Q q 0 0 0 rg BT 292.45 74.60 Td (our ) Tj ET Q q 0 0 0 rg BT 308.28 74.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 361.33 74.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 394.36 74.60 Td (sheet.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 56.60 Td ( ) Tj ET Q q 0 0 0 rg BT 60.60 56.60 Td (Property) Tj ET Q q 0 0 0 rg BT 94.39 56.60 Td (, ) Tj ET Q q 0 0 0 rg BT 98.99 56.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 121.08 56.60 Td (and ) Tj ET Q q 0 0 0 rg BT 137.62 56.60 Td (equipment ) Tj ET Q q 0 0 0 rg BT 181.93 56.60 Td (is ) Tj ET Q q 0 0 0 rg BT 190.70 56.60 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 231.11 56.60 Td (for ) Tj ET Q q 0 0 0 rg BT 244.86 56.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 293.06 56.60 Td (whenever ) Tj ET Q q 0 0 0 rg BT 334.03 56.60 Td (events ) Tj ET Q q 0 0 0 rg BT 361.67 56.60 Td (or ) Tj ET Q q 0 0 0 rg BT 372.10 56.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 406.41 56.60 Td (in ) Tj ET Q q 0 0 0 rg BT 416.28 56.60 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 475.02 56.60 Td (indicate ) Tj ET Q q 0 0 0 rg BT 508.77 56.60 Td (their ) Tj ET Q q 0 0 0 rg BT 529.20 56.60 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 44.60 Td (value ) Tj ET Q q 0 0 0 rg BT 73.43 44.60 Td (may ) Tj ET Q q 0 0 0 rg BT 92.93 44.60 Td (not ) Tj ET Q q 0 0 0 rg BT 107.99 44.60 Td (be ) Tj ET Q q 0 0 0 rg BT 119.71 44.60 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 168.62 44.60 Td (over ) Tj ET Q q 0 0 0 rg BT 188.66 44.60 Td (their ) Tj ET Q q 0 0 0 rg BT 209.27 44.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 249.87 44.60 Td (useful ) Tj ET Q q 0 0 0 rg BT 276.59 44.60 Td (life. ) Tj ET Q q 0 0 0 rg BT 294.69 44.60 Td (In ) Tj ET Q q 0 0 0 rg BT 305.30 44.60 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 347.56 44.60 Td (for ) Tj ET Q q 0 0 0 rg BT 361.50 44.60 Td (recoverability) Tj ET Q q 0 0 0 rg BT 416.38 44.60 Td (, ) Tj ET Q q 0 0 0 rg BT 421.16 44.60 Td (we ) Tj ET Q q 0 0 0 rg BT 435.10 44.60 Td (compare ) Tj ET Q q 0 0 0 rg BT 471.80 44.60 Td (the ) Tj ET Q q 0 0 0 rg BT 486.30 44.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 521.89 44.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 554.17 44.60 Td (of ) Tj ET Q endstream endobj 147 0 obj <>] /Rotate 0 /Contents 148 0 R>> endobj 148 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 29.10 Td (73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.08 726.60 Td (relevant ) Tj ET Q q 0 0 0 rg BT 98.64 726.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 124.33 726.60 Td (to ) Tj ET Q q 0 0 0 rg BT 134.47 726.60 Td (their ) Tj ET Q q 0 0 0 rg BT 155.16 726.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 195.84 726.60 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 251.52 726.60 Td (future ) Tj ET Q q 0 0 0 rg BT 277.76 726.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 297.89 726.60 Td (flows. ) Tj ET Q q 0 0 0 rg BT 324.80 726.60 Td (When ) Tj ET Q q 0 0 0 rg BT 351.04 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 365.62 726.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 406.30 726.60 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 461.99 726.60 Td (future ) Tj ET Q q 0 0 0 rg BT 488.22 726.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 508.35 726.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 532.94 726.60 Td (are ) Tj ET Q q 0 0 0 rg BT 547.50 726.60 Td (less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (than ) Tj ET Q q 0 0 0 rg BT 69.44 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 84.38 714.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 110.43 714.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 146.47 714.60 Td (amount, ) Tj ET Q q 0 0 0 rg BT 181.69 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 196.62 714.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 232.66 714.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 265.38 714.60 Td (is ) Tj ET Q q 0 0 0 rg BT 274.77 714.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 316.92 714.60 Td (to ) Tj ET Q q 0 0 0 rg BT 327.42 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 342.36 714.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 368.41 714.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 385.01 714.60 Td (value. ) Tj ET Q q 0 0 0 rg BT 411.89 714.60 Td (If ) Tj ET Q q 0 0 0 rg BT 421.27 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 436.21 714.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 462.26 714.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 478.86 714.60 Td (value ) Tj ET Q q 0 0 0 rg BT 503.24 714.60 Td (is ) Tj ET Q q 0 0 0 rg BT 512.63 714.60 Td (less ) Tj ET Q q 0 0 0 rg BT 530.35 714.60 Td (than ) Tj ET Q q 0 0 0 rg BT 550.29 714.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 84.13 702.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 115.45 702.60 Td (an ) Tj ET Q q 0 0 0 rg BT 126.20 702.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 173.62 702.60 Td (char) Tj ET Q q 0 0 0 rg BT 190.64 702.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 201.40 702.60 Td (is ) Tj ET Q q 0 0 0 rg BT 209.39 702.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 254.57 702.60 Td (to ) Tj ET Q q 0 0 0 rg BT 263.66 702.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 291.63 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 305.16 702.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 329.81 702.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 364.44 702.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 395.75 702.60 Td (to ) Tj ET Q q 0 0 0 rg BT 404.85 702.60 Td (its ) Tj ET Q q 0 0 0 rg BT 415.61 702.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 430.81 702.60 Td (value. ) Tj ET Q q 0 0 0 rg BT 456.28 702.60 Td (For ) Tj ET Q q 0 0 0 rg BT 471.49 702.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 512.80 702.60 Td (information, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 64.77 690.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 86.16 690.60 Td (14.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 98.66 690.60 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.16 690.60 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 163.64 690.60 Td (Information) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 211.42 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 213.92 690.60 Td (- ) Tj ET Q q 0 0 0 rg BT 219.75 690.60 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 268.91 690.60 Td (Char) Tj ET Q q 0 0 0 rg BT 289.10 690.60 Td (ges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.43 690.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 671.2669921875 m 176.8154296875 671.2669921875 l s q 0 0 0 rg BT 58.50 672.60 Td (Asset ) Tj ET Q q 0 0 0 rg BT 83.22 672.60 Td (Retirement ) Tj ET Q q 0 0 0 rg BT 130.15 672.60 Td (Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 654.60 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 654.60 Td (e ) Tj ET Q q 0 0 0 rg BT 74.14 654.60 Td (recognize ) Tj ET Q q 0 0 0 rg BT 115.56 654.60 Td (a ) Tj ET Q q 0 0 0 rg BT 122.56 654.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 156.24 654.60 Td (for ) Tj ET Q q 0 0 0 rg BT 170.46 654.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 192.46 654.60 Td (retirement ) Tj ET Q q 0 0 0 rg BT 236.11 654.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 283.12 654.60 Td (when ) Tj ET Q q 0 0 0 rg BT 307.34 654.60 Td (it ) Tj ET Q q 0 0 0 rg BT 315.46 654.60 Td (is ) Tj ET Q q 0 0 0 rg BT 324.69 654.60 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 363.07 654.60 Td (which ) Tj ET Q q 0 0 0 rg BT 390.07 654.60 Td (is ) Tj ET Q q 0 0 0 rg BT 399.30 654.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 439.07 654.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 461.63 654.60 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 510.57 654.60 Td (construction, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (or ) Tj ET Q q 0 0 0 rg BT 59.84 642.60 Td (development. ) Tj ET Q q 0 0 0 rg BT 116.00 642.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 133.56 642.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 172.79 642.60 Td (include ) Tj ET Q q 0 0 0 rg BT 204.24 642.60 Td (closure ) Tj ET Q q 0 0 0 rg BT 235.12 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 251.57 642.60 Td (post-closure ) Tj ET Q q 0 0 0 rg BT 302.46 642.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 324.47 642.60 Td (for ) Tj ET Q q 0 0 0 rg BT 338.14 642.60 Td (landfill ) Tj ET Q q 0 0 0 rg BT 369.04 642.60 Td (cells ) Tj ET Q q 0 0 0 rg BT 389.37 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 405.82 642.60 Td (site ) Tj ET Q q 0 0 0 rg BT 421.72 642.60 Td (restoration ) Tj ET Q q 0 0 0 rg BT 466.49 642.60 Td (for ) Tj ET Q q 0 0 0 rg BT 480.16 642.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 509.38 642.60 Td (ener) Tj ET Q q 0 0 0 rg BT 526.40 642.60 Td (gy-from-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (waste ) Tj ET Q q 0 0 0 rg BT 76.42 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 95.02 630.60 Td (power ) Tj ET Q q 0 0 0 rg BT 124.16 630.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 168.86 630.60 Td (sites. ) Tj ET Q q 0 0 0 rg BT 192.99 630.60 Td (W) Tj ET Q q 0 0 0 rg BT 201.63 630.60 Td (e ) Tj ET Q q 0 0 0 rg BT 210.22 630.60 Td (principally ) Tj ET Q q 0 0 0 rg BT 257.70 630.60 Td (determine ) Tj ET Q q 0 0 0 rg BT 301.83 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 318.20 630.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 353.47 630.60 Td (using ) Tj ET Q q 0 0 0 rg BT 379.29 630.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 413.99 630.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 455.35 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 467.84 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 484.21 630.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 508.36 630.60 Td (using ) Tj ET Q q 0 0 0 rg BT 534.19 630.60 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (information, ) Tj ET Q q 0 0 0 rg BT 102.32 618.60 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 157.37 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 174.92 618.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 207.46 618.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 231.94 618.60 Td (but ) Tj ET Q q 0 0 0 rg BT 247.83 618.60 Td (also ) Tj ET Q q 0 0 0 rg BT 267.04 618.60 Td (use ) Tj ET Q q 0 0 0 rg BT 283.48 618.60 Td (independent ) Tj ET Q q 0 0 0 rg BT 335.46 618.60 Td (appraisals ) Tj ET Q q 0 0 0 rg BT 378.55 618.60 Td (as ) Tj ET Q q 0 0 0 rg BT 389.99 618.60 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 438.63 618.60 Td (to ) Tj ET Q q 0 0 0 rg BT 449.51 618.60 Td (estimate ) Tj ET Q q 0 0 0 rg BT 485.94 618.60 Td (costs. ) Tj ET Q q 0 0 0 rg BT 511.32 618.60 Td (When ) Tj ET Q q 0 0 0 rg BT 538.31 618.60 Td (a ) Tj ET Q q 0 0 0 rg BT 545.85 618.60 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 83.00 606.60 Td (for ) Tj ET Q q 0 0 0 rg BT 97.06 606.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 118.89 606.60 Td (retirement ) Tj ET Q q 0 0 0 rg BT 162.38 606.60 Td (obligation ) Tj ET Q q 0 0 0 rg BT 205.32 606.60 Td (is ) Tj ET Q q 0 0 0 rg BT 214.39 606.60 Td (recorded, ) Tj ET Q q 0 0 0 rg BT 254.26 606.60 Td (we ) Tj ET Q q 0 0 0 rg BT 268.31 606.60 Td (capitalize ) Tj ET Q q 0 0 0 rg BT 309.01 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 323.63 606.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 342.13 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 352.85 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 367.47 606.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 400.97 606.60 Td (by ) Tj ET Q q 0 0 0 rg BT 413.36 606.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 456.85 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 471.47 606.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 507.18 606.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 539.57 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 606.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (related ) Tj ET Q q 0 0 0 rg BT 79.50 594.60 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 123.40 594.60 Td (asset. ) Tj ET Q q 0 0 0 rg BT 147.93 594.60 Td (The ) Tj ET Q q 0 0 0 rg BT 166.27 594.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 200.17 594.60 Td (is ) Tj ET Q q 0 0 0 rg BT 209.64 594.60 Td (accreted ) Tj ET Q q 0 0 0 rg BT 245.74 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 256.31 594.60 Td (its ) Tj ET Q q 0 0 0 rg BT 268.55 594.60 Td (present ) Tj ET Q q 0 0 0 rg BT 300.23 594.60 Td (value ) Tj ET Q q 0 0 0 rg BT 324.68 594.60 Td (each ) Tj ET Q q 0 0 0 rg BT 345.79 594.60 Td (period ) Tj ET Q q 0 0 0 rg BT 374.13 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 391.36 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 406.38 594.60 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 452.48 594.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 471.38 594.60 Td (is ) Tj ET Q q 0 0 0 rg BT 480.85 594.60 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 529.72 594.60 Td (over ) Tj ET Q q 0 0 0 rg BT 550.28 594.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (useful ) Tj ET Q q 0 0 0 rg BT 76.33 582.60 Td (life ) Tj ET Q q 0 0 0 rg BT 92.04 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 102.76 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 117.36 582.60 Td (related ) Tj ET Q q 0 0 0 rg BT 146.95 582.60 Td (asset. ) Tj ET Q q 0 0 0 rg BT 171.10 582.60 Td (W) Tj ET Q q 0 0 0 rg BT 179.74 582.60 Td (e ) Tj ET Q q 0 0 0 rg BT 186.57 582.60 Td (recognize ) Tj ET Q q 0 0 0 rg BT 227.82 582.60 Td (period-to-period ) Tj ET Q q 0 0 0 rg BT 295.74 582.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 330.33 582.60 Td (in ) Tj ET Q q 0 0 0 rg BT 340.50 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 355.10 582.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 388.60 582.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 425.98 582.60 Td (from ) Tj ET Q q 0 0 0 rg BT 447.81 582.60 Td (revisions ) Tj ET Q q 0 0 0 rg BT 486.31 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 496.47 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 511.08 582.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 539.58 582.60 Td (or ) Tj ET Q q 0 0 0 rg BT 550.29 582.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.00 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 92.83 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 107.54 570.60 Td (original ) Tj ET Q q 0 0 0 rg BT 141.15 570.60 Td (estimate ) Tj ET Q q 0 0 0 rg BT 176.97 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 187.80 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 202.51 570.60 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 258.34 570.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 278.61 570.60 Td (flows. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 553.60 Td (Current ) Tj ET Q q 0 0 0 rg BT 92.13 553.60 Td (and ) Tj ET Q q 0 0 0 rg BT 109.65 553.60 Td (noncurrent ) Tj ET Q q 0 0 0 rg BT 156.04 553.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 178.56 553.60 Td (retirement ) Tj ET Q q 0 0 0 rg BT 222.73 553.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 270.26 553.60 Td (are ) Tj ET Q q 0 0 0 rg BT 285.55 553.60 Td (included ) Tj ET Q q 0 0 0 rg BT 323.06 553.60 Td (in ) Tj ET Q q 0 0 0 rg BT 333.24 553.60 Td (Accrued ) Tj ET Q q 0 0 0 rg BT 370.19 553.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 409.37 553.60 Td (and ) Tj ET Q q 0 0 0 rg BT 426.89 553.60 Td (other ) Tj ET Q q 0 0 0 rg BT 450.52 553.60 Td (current ) Tj ET Q q 0 0 0 rg BT 481.91 553.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 522.21 553.60 Td (and ) Tj ET Q q 0 0 0 rg BT 539.73 553.60 Td (Other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 541.60 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 91.72 541.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 139.38 541.60 Td (, ) Tj ET Q q 0 0 0 rg BT 144.38 541.60 Td (on ) Tj ET Q q 0 0 0 rg BT 156.88 541.60 Td (our ) Tj ET Q q 0 0 0 rg BT 172.71 541.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 225.75 541.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 258.78 541.60 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 284.33 541.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 302.38 541.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 324.32 541.60 Td (retirement ) Tj ET Q q 0 0 0 rg BT 367.91 541.60 Td (obligation ) Tj ET Q q 0 0 0 rg BT 410.96 541.60 Td (is ) Tj ET Q q 0 0 0 rg BT 420.13 541.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 460.95 541.60 Td (as ) Tj ET Q q 0 0 0 rg BT 471.78 541.60 Td (follows ) Tj ET Q q 0 0 0 rg BT 504.28 541.60 Td (\(in ) Tj ET Q q 0 0 0 rg BT 517.88 541.60 Td (millions\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 507.10 347.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.00 507.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 507.10 78.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 507.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 507.10 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 477.10 347.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.00 477.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 477.10 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 477.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 477.10 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 448.10 347.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.00 448.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 448.10 78.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 448.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 448.10 79.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 519.1 m 479 519.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 519.1 m 483 519.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 519.1 m 562 519.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 519.1 m 479 519.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 507.1 m 479 507.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 519.1 m 483 519.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 519.1 m 562 519.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 507.1 m 562 507.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 507.1 m 479 507.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 507.1 m 562 507.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 462.1 m 479 462.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 462.1 m 562 462.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 462.1 m 479 462.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 462.1 m 562 462.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 434.1 m 479 434.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 434.1 m 562 434.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 421.1 m 479 421.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 419.1 m 479 419.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 421.1 m 562 421.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 419.1 m 562 419.1 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 523.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.95 523.18 Td (AsofDecember31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 511.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.50 511.18 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.00 511.18 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 497.67 Td (Beginning of period asset retirement obligation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.50 497.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 497.67 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 497.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 497.67 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 483.67 Td (Accretion expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 481.77 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 481.77 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 467.67 Td (Net change ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 106.25 472.20 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.80 466.82 Td (\(7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 466.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 466.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 452.67 Td (End of period asset retirement obligation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 452.67 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 452.67 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 438.67 Td (Less: current portion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 438.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 438.72 Td (\(3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 438.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 424.67 Td (Noncurrent asset retirement obligation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.50 424.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 424.67 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 424.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 424.67 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 563.50 420.60 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 409.80 Td (\(1\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.50 409.80 Td (Comprised ) Tj ET Q q 0 0 0 rg BT 118.05 409.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 153.60 409.80 Td (of ) Tj ET Q q 0 0 0 rg BT 163.16 409.80 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 211.20 409.80 Td (and ) Tj ET Q q 0 0 0 rg BT 226.25 409.80 Td (settlements ) Tj ET Q q 0 0 0 rg BT 268.80 409.80 Td (of ) Tj ET Q q 0 0 0 rg BT 278.35 409.80 Td (the ) Tj ET Q q 0 0 0 rg BT 291.40 409.80 Td (asset ) Tj ET Q q 0 0 0 rg BT 310.95 409.80 Td (retirement ) Tj ET Q q 0 0 0 rg BT 349.99 409.80 Td (obligation ) Tj ET Q q 0 0 0 rg BT 388.54 409.80 Td (liability) Tj ET Q q 0 0 0 rg BT 415.96 409.80 Td (, ) Tj ET Q q 0 0 0 rg BT 420.26 409.80 Td (net ) Tj ET Q q 0 0 0 rg BT 433.31 409.80 Td (revisions ) Tj ET Q q 0 0 0 rg BT 467.87 409.80 Td (based ) Tj ET Q q 0 0 0 rg BT 490.42 409.80 Td (on ) Tj ET Q q 0 0 0 rg BT 501.47 409.80 Td (current ) Tj ET Q q 0 0 0 rg BT 529.01 409.80 Td (estimates ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.50 399.00 Td (of ) Tj ET Q q 0 0 0 rg BT 86.25 399.00 Td (the ) Tj ET Q q 0 0 0 rg BT 99.49 399.00 Td (liability ) Tj ET Q q 0 0 0 rg BT 129.74 399.00 Td (and ) Tj ET Q q 0 0 0 rg BT 144.98 399.00 Td (revised ) Tj ET Q q 0 0 0 rg BT 173.22 399.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 207.45 399.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 225.69 399.00 Td (flows ) Tj ET Q q 0 0 0 rg BT 247.94 399.00 Td (and ) Tj ET Q q 0 0 0 rg BT 263.19 399.00 Td (life ) Tj ET Q q 0 0 0 rg BT 277.43 399.00 Td (of ) Tj ET Q q 0 0 0 rg BT 287.18 399.00 Td (the ) Tj ET Q q 0 0 0 rg BT 300.42 399.00 Td (liability) Tj ET Q q 0 0 0 rg BT 327.84 399.00 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 379.6669921875 m 187.0888671875 379.6669921875 l s q 0 0 0 rg BT 58.50 381.00 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 100.99 381.00 Td (Assets ) Tj ET Q q 0 0 0 rg BT 129.60 381.00 Td (and ) Tj ET Q q 0 0 0 rg BT 146.54 381.00 Td (Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 363.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 75.89 363.00 Td (waste, ) Tj ET Q q 0 0 0 rg BT 102.99 363.00 Td (service ) Tj ET Q q 0 0 0 rg BT 133.14 363.00 Td (and ) Tj ET Q q 0 0 0 rg BT 149.41 363.00 Td (ener) Tj ET Q q 0 0 0 rg BT 166.44 363.00 Td (gy ) Tj ET Q q 0 0 0 rg BT 178.28 363.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 216.20 363.00 Td (are ) Tj ET Q q 0 0 0 rg BT 230.25 363.00 Td (intangible ) Tj ET Q q 0 0 0 rg BT 272.07 363.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 297.24 363.00 Td (related ) Tj ET Q q 0 0 0 rg BT 326.27 363.00 Td (to ) Tj ET Q q 0 0 0 rg BT 335.89 363.00 Td (long-term ) Tj ET Q q 0 0 0 rg BT 377.16 363.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 416.75 363.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 454.68 363.00 Td (at ) Tj ET Q q 0 0 0 rg BT 463.73 363.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 499.99 363.00 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 538.62 363.00 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 351.00 Td (intangible ) Tj ET Q q 0 0 0 rg BT 91.68 351.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 117.19 351.00 Td (and ) Tj ET Q q 0 0 0 rg BT 133.81 351.00 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 175.72 351.00 Td (as ) Tj ET Q q 0 0 0 rg BT 186.23 351.00 Td (well ) Tj ET Q q 0 0 0 rg BT 205.63 351.00 Td (as ) Tj ET Q q 0 0 0 rg BT 216.15 351.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 238.32 351.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 269.94 351.00 Td (and ) Tj ET Q q 0 0 0 rg BT 286.56 351.00 Td (other ) Tj ET Q q 0 0 0 rg BT 309.29 351.00 Td (finite ) Tj ET Q q 0 0 0 rg BT 332.58 351.00 Td (and ) Tj ET Q q 0 0 0 rg BT 349.20 351.00 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 413.04 351.00 Td (intangible ) Tj ET Q q 0 0 0 rg BT 455.21 351.00 Td (assets, ) Tj ET Q q 0 0 0 rg BT 483.23 351.00 Td (are ) Tj ET Q q 0 0 0 rg BT 497.62 351.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 534.78 351.00 Td (at ) Tj ET Q q 0 0 0 rg BT 544.18 351.00 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 339.00 Td (estimated ) Tj ET Q q 0 0 0 rg BT 89.58 339.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 105.22 339.00 Td (market ) Tj ET Q q 0 0 0 rg BT 134.74 339.00 Td (values ) Tj ET Q q 0 0 0 rg BT 162.05 339.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 183.81 339.00 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 229.45 339.00 Td (based ) Tj ET Q q 0 0 0 rg BT 253.98 339.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 292.95 339.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 314.71 339.00 Td (discounted ) Tj ET Q q 0 0 0 rg BT 359.80 339.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 379.33 339.00 Td (flows ) Tj ET Q q 0 0 0 rg BT 403.31 339.00 Td (in ) Tj ET Q q 0 0 0 rg BT 412.85 339.00 Td (accordance ) Tj ET Q q 0 0 0 rg BT 459.57 339.00 Td (with ) Tj ET Q q 0 0 0 rg BT 479.11 339.00 Td (accounting ) Tj ET Q q 0 0 0 rg BT 524.74 339.00 Td (standards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 327.00 Td (related ) Tj ET Q q 0 0 0 rg BT 79.05 327.00 Td (to ) Tj ET Q q 0 0 0 rg BT 89.18 327.00 Td (business ) Tj ET Q q 0 0 0 rg BT 125.43 327.00 Td (combinations. ) Tj ET Q q 0 0 0 rg BT 184.16 327.00 Td (See ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 200.95 327.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 222.19 327.00 Td (7.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 229.69 327.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 231.87 327.00 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 286.44 327.00 Td (of ) Tj ET Q q 0 0 0 rg BT 296.57 327.00 Td (W) Tj ET Q q 0 0 0 rg BT 303.99 327.00 Td (aste, ) Tj ET Q q 0 0 0 rg BT 324.95 327.00 Td (Service ) Tj ET Q q 0 0 0 rg BT 356.72 327.00 Td (and ) Tj ET Q q 0 0 0 rg BT 374.07 327.00 Td (Ener) Tj ET Q q 0 0 0 rg BT 393.14 327.00 Td (gy ) Tj ET Q q 0 0 0 rg BT 404.93 327.00 Td (Contracts) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 444.38 327.00 Td ( ) Tj ET Q q 0 0 0 rg BT 446.73 327.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.08 327.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 485.87 327.00 Td (8.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 493.37 327.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 495.72 327.00 Td (Other ) Tj ET Q q 0 0 0 rg BT 521.40 327.00 Td (Intangible ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 315.00 Td (Assets ) Tj ET Q q 0 0 0 rg BT 77.00 315.00 Td (and ) Tj ET Q q 0 0 0 rg BT 94.50 315.00 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.73 315.00 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 297.00 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 102.46 297.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 129.22 297.00 Td (with ) Tj ET Q q 0 0 0 rg BT 150.42 297.00 Td (finite ) Tj ET Q q 0 0 0 rg BT 174.94 297.00 Td (lives ) Tj ET Q q 0 0 0 rg BT 197.25 297.00 Td (are ) Tj ET Q q 0 0 0 rg BT 212.88 297.00 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 254.61 297.00 Td (for ) Tj ET Q q 0 0 0 rg BT 269.69 297.00 Td (impairment ) Tj ET Q q 0 0 0 rg BT 319.21 297.00 Td (whenever ) Tj ET Q q 0 0 0 rg BT 361.50 297.00 Td (events ) Tj ET Q q 0 0 0 rg BT 390.47 297.00 Td (or ) Tj ET Q q 0 0 0 rg BT 402.22 297.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 437.85 297.00 Td (in ) Tj ET Q q 0 0 0 rg BT 449.05 297.00 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 509.12 297.00 Td (indicate ) Tj ET Q q 0 0 0 rg BT 544.19 297.00 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 285.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 85.50 285.00 Td (value ) Tj ET Q q 0 0 0 rg BT 109.84 285.00 Td (may ) Tj ET Q q 0 0 0 rg BT 129.74 285.00 Td (not ) Tj ET Q q 0 0 0 rg BT 145.20 285.00 Td (be ) Tj ET Q q 0 0 0 rg BT 157.33 285.00 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 206.64 285.00 Td (over ) Tj ET Q q 0 0 0 rg BT 227.10 285.00 Td (their ) Tj ET Q q 0 0 0 rg BT 248.11 285.00 Td (estimated ) Tj ET Q q 0 0 0 rg BT 289.11 285.00 Td (useful ) Tj ET Q q 0 0 0 rg BT 316.23 285.00 Td (life. ) Tj ET Q q 0 0 0 rg BT 334.74 285.00 Td (In ) Tj ET Q q 0 0 0 rg BT 345.76 285.00 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 388.43 285.00 Td (for ) Tj ET Q q 0 0 0 rg BT 402.77 285.00 Td (recoverability) Tj ET Q q 0 0 0 rg BT 457.65 285.00 Td (, ) Tj ET Q q 0 0 0 rg BT 462.83 285.00 Td (we ) Tj ET Q q 0 0 0 rg BT 477.18 285.00 Td (compare ) Tj ET Q q 0 0 0 rg BT 514.29 285.00 Td (the ) Tj ET Q q 0 0 0 rg BT 529.19 285.00 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 273.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.65 273.00 Td (of ) Tj ET Q q 0 0 0 rg BT 94.14 273.00 Td (the ) Tj ET Q q 0 0 0 rg BT 109.51 273.00 Td (relevant ) Tj ET Q q 0 0 0 rg BT 144.87 273.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 171.36 273.00 Td (to ) Tj ET Q q 0 0 0 rg BT 182.29 273.00 Td (their ) Tj ET Q q 0 0 0 rg BT 203.77 273.00 Td (estimated ) Tj ET Q q 0 0 0 rg BT 245.25 273.00 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 301.73 273.00 Td (future ) Tj ET Q q 0 0 0 rg BT 328.77 273.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 349.69 273.00 Td (flows. ) Tj ET Q q 0 0 0 rg BT 377.34 273.00 Td (When ) Tj ET Q q 0 0 0 rg BT 404.38 273.00 Td (the ) Tj ET Q q 0 0 0 rg BT 419.75 273.00 Td (estimated ) Tj ET Q q 0 0 0 rg BT 461.23 273.00 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 517.71 273.00 Td (future ) Tj ET Q q 0 0 0 rg BT 544.74 273.00 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 261.00 Td (flows ) Tj ET Q q 0 0 0 rg BT 74.23 261.00 Td (are ) Tj ET Q q 0 0 0 rg BT 88.94 261.00 Td (less ) Tj ET Q q 0 0 0 rg BT 106.44 261.00 Td (than ) Tj ET Q q 0 0 0 rg BT 126.17 261.00 Td (the ) Tj ET Q q 0 0 0 rg BT 140.89 261.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 166.72 261.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 202.54 261.00 Td (amount, ) Tj ET Q q 0 0 0 rg BT 237.54 261.00 Td (the ) Tj ET Q q 0 0 0 rg BT 252.26 261.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 288.08 261.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 320.58 261.00 Td (is ) Tj ET Q q 0 0 0 rg BT 329.76 261.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 371.69 261.00 Td (to ) Tj ET Q q 0 0 0 rg BT 381.97 261.00 Td (the ) Tj ET Q q 0 0 0 rg BT 396.69 261.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 422.53 261.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 438.91 261.00 Td (value. ) Tj ET Q q 0 0 0 rg BT 465.57 261.00 Td (If ) Tj ET Q q 0 0 0 rg BT 474.73 261.00 Td (the ) Tj ET Q q 0 0 0 rg BT 489.46 261.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 515.29 261.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 531.67 261.00 Td (value ) Tj ET Q q 0 0 0 rg BT 555.83 261.00 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 249.00 Td (less ) Tj ET Q q 0 0 0 rg BT 67.62 249.00 Td (than ) Tj ET Q q 0 0 0 rg BT 87.95 249.00 Td (the ) Tj ET Q q 0 0 0 rg BT 103.28 249.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 139.71 249.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 172.82 249.00 Td (an ) Tj ET Q q 0 0 0 rg BT 185.37 249.00 Td (impairment ) Tj ET Q q 0 0 0 rg BT 234.59 249.00 Td (char) Tj ET Q q 0 0 0 rg BT 251.61 249.00 Td (ge ) Tj ET Q q 0 0 0 rg BT 264.17 249.00 Td (is ) Tj ET Q q 0 0 0 rg BT 273.95 249.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 320.93 249.00 Td (to ) Tj ET Q q 0 0 0 rg BT 331.82 249.00 Td (reduce ) Tj ET Q q 0 0 0 rg BT 361.58 249.00 Td (the ) Tj ET Q q 0 0 0 rg BT 376.92 249.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 403.36 249.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 439.79 249.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 472.90 249.00 Td (to ) Tj ET Q q 0 0 0 rg BT 483.80 249.00 Td (its ) Tj ET Q q 0 0 0 rg BT 496.36 249.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 513.35 249.00 Td (value. ) Tj ET Q q 0 0 0 rg BT 539.94 249.00 Td (As ) Tj ET Q q 0 0 0 rg BT 554.16 249.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 237.00 Td (December ) Tj ET Q q 0 0 0 rg BT 93.08 237.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 108.08 237.00 Td (2016, ) Tj ET Q q 0 0 0 rg BT 133.08 237.00 Td (there ) Tj ET Q q 0 0 0 rg BT 155.57 237.00 Td (were ) Tj ET Q q 0 0 0 rg BT 177.50 237.00 Td (no ) Tj ET Q q 0 0 0 rg BT 190.00 237.00 Td (indicators ) Tj ET Q q 0 0 0 rg BT 231.93 237.00 Td (of ) Tj ET Q q 0 0 0 rg BT 242.76 237.00 Td (impairment ) Tj ET Q q 0 0 0 rg BT 291.36 237.00 Td (identified. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 217.6669921875 m 96.2783203125 217.6669921875 l s q 0 0 0 rg BT 58.50 219.00 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 201.00 Td ( ) Tj ET Q q 0 0 0 rg BT 61.47 201.00 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 102.21 201.00 Td (is ) Tj ET Q q 0 0 0 rg BT 111.85 201.00 Td (the ) Tj ET Q q 0 0 0 rg BT 127.03 201.00 Td (excess ) Tj ET Q q 0 0 0 rg BT 156.10 201.00 Td (of ) Tj ET Q q 0 0 0 rg BT 167.39 201.00 Td (our ) Tj ET Q q 0 0 0 rg BT 183.69 201.00 Td (purchase ) Tj ET Q q 0 0 0 rg BT 222.19 201.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 241.27 201.00 Td (over ) Tj ET Q q 0 0 0 rg BT 262.00 201.00 Td (the ) Tj ET Q q 0 0 0 rg BT 277.18 201.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 294.03 201.00 Td (value ) Tj ET Q q 0 0 0 rg BT 318.65 201.00 Td (of ) Tj ET Q q 0 0 0 rg BT 329.95 201.00 Td (the ) Tj ET Q q 0 0 0 rg BT 345.13 201.00 Td (net ) Tj ET Q q 0 0 0 rg BT 360.31 201.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 386.61 201.00 Td (of ) Tj ET Q q 0 0 0 rg BT 397.90 201.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 435.29 201.00 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 482.77 201.00 Td (W) Tj ET Q q 0 0 0 rg BT 491.41 201.00 Td (e ) Tj ET Q q 0 0 0 rg BT 498.81 201.00 Td (do ) Tj ET Q q 0 0 0 rg BT 511.78 201.00 Td (not ) Tj ET Q q 0 0 0 rg BT 527.52 201.00 Td (amortize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 189.00 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 89.65 189.00 Td (but ) Tj ET Q q 0 0 0 rg BT 104.51 189.00 Td (we ) Tj ET Q q 0 0 0 rg BT 118.26 189.00 Td (assess ) Tj ET Q q 0 0 0 rg BT 144.80 189.00 Td (our ) Tj ET Q q 0 0 0 rg BT 160.22 189.00 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 197.86 189.00 Td (for ) Tj ET Q q 0 0 0 rg BT 211.61 189.00 Td (impairment ) Tj ET Q q 0 0 0 rg BT 259.80 189.00 Td (at ) Tj ET Q q 0 0 0 rg BT 269.11 189.00 Td (least ) Tj ET Q q 0 0 0 rg BT 289.52 189.00 Td (annually) Tj ET Q q 0 0 0 rg BT 323.31 189.00 Td (. ) Tj ET Q q 0 0 0 rg BT 327.75 189.00 Td (W) Tj ET Q q 0 0 0 rg BT 336.39 189.00 Td (e ) Tj ET Q q 0 0 0 rg BT 342.91 189.00 Td (assess ) Tj ET Q q 0 0 0 rg BT 369.45 189.00 Td (whether ) Tj ET Q q 0 0 0 rg BT 403.74 189.00 Td (a ) Tj ET Q q 0 0 0 rg BT 410.27 189.00 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 447.92 189.00 Td (impairment ) Tj ET Q q 0 0 0 rg BT 496.11 189.00 Td (exists ) Tj ET Q q 0 0 0 rg BT 520.98 189.00 Td (using ) Tj ET Q q 0 0 0 rg BT 544.73 189.00 Td (both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 177.00 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 95.08 177.00 Td (and ) Tj ET Q q 0 0 0 rg BT 112.89 177.00 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 163.47 177.00 Td (assessments. ) Tj ET Q q 0 0 0 rg BT 217.44 177.00 Td (When ) Tj ET Q q 0 0 0 rg BT 244.69 177.00 Td (we ) Tj ET Q q 0 0 0 rg BT 259.72 177.00 Td (elect ) Tj ET Q q 0 0 0 rg BT 281.97 177.00 Td (to ) Tj ET Q q 0 0 0 rg BT 293.12 177.00 Td (perform ) Tj ET Q q 0 0 0 rg BT 328.70 177.00 Td (a ) Tj ET Q q 0 0 0 rg BT 336.51 177.00 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 382.09 177.00 Td (assessment, ) Tj ET Q q 0 0 0 rg BT 432.41 177.00 Td (it ) Tj ET Q q 0 0 0 rg BT 441.34 177.00 Td (involves ) Tj ET Q q 0 0 0 rg BT 478.60 177.00 Td (determining ) Tj ET Q q 0 0 0 rg BT 530.29 177.00 Td (whether ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 165.00 Td (events ) Tj ET Q q 0 0 0 rg BT 77.63 165.00 Td (or ) Tj ET Q q 0 0 0 rg BT 88.55 165.00 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 147.77 165.00 Td (exist ) Tj ET Q q 0 0 0 rg BT 169.25 165.00 Td (that ) Tj ET Q q 0 0 0 rg BT 186.83 165.00 Td (indicate ) Tj ET Q q 0 0 0 rg BT 221.06 165.00 Td (it ) Tj ET Q q 0 0 0 rg BT 229.20 165.00 Td (is ) Tj ET Q q 0 0 0 rg BT 238.46 165.00 Td (more ) Tj ET Q q 0 0 0 rg BT 261.59 165.00 Td (likely ) Tj ET Q q 0 0 0 rg BT 286.95 165.00 Td (than ) Tj ET Q q 0 0 0 rg BT 306.75 165.00 Td (not ) Tj ET Q q 0 0 0 rg BT 322.12 165.00 Td (that ) Tj ET Q q 0 0 0 rg BT 339.70 165.00 Td (the ) Tj ET Q q 0 0 0 rg BT 354.50 165.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 370.96 165.00 Td (value ) Tj ET Q q 0 0 0 rg BT 395.20 165.00 Td (of ) Tj ET Q q 0 0 0 rg BT 406.12 165.00 Td (a ) Tj ET Q q 0 0 0 rg BT 413.14 165.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 452.38 165.00 Td (unit ) Tj ET Q q 0 0 0 rg BT 470.53 165.00 Td (is ) Tj ET Q q 0 0 0 rg BT 479.78 165.00 Td (less ) Tj ET Q q 0 0 0 rg BT 497.37 165.00 Td (than ) Tj ET Q q 0 0 0 rg BT 517.17 165.00 Td (its ) Tj ET Q q 0 0 0 rg BT 529.20 165.00 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 153.00 Td (amount, ) Tj ET Q q 0 0 0 rg BT 84.33 153.00 Td (including ) Tj ET Q q 0 0 0 rg BT 124.45 153.00 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 164.84 153.00 Td (If ) Tj ET Q q 0 0 0 rg BT 173.84 153.00 Td (based ) Tj ET Q q 0 0 0 rg BT 198.95 153.00 Td (on ) Tj ET Q q 0 0 0 rg BT 211.29 153.00 Td (this ) Tj ET Q q 0 0 0 rg BT 228.07 153.00 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 272.62 153.00 Td (assessment ) Tj ET Q q 0 0 0 rg BT 319.40 153.00 Td (we ) Tj ET Q q 0 0 0 rg BT 333.40 153.00 Td (determine ) Tj ET Q q 0 0 0 rg BT 375.72 153.00 Td (it ) Tj ET Q q 0 0 0 rg BT 383.61 153.00 Td (is ) Tj ET Q q 0 0 0 rg BT 392.62 153.00 Td (more ) Tj ET Q q 0 0 0 rg BT 415.51 153.00 Td (likely ) Tj ET Q q 0 0 0 rg BT 440.62 153.00 Td (than ) Tj ET Q q 0 0 0 rg BT 460.17 153.00 Td (not ) Tj ET Q q 0 0 0 rg BT 475.29 153.00 Td (that ) Tj ET Q q 0 0 0 rg BT 492.63 153.00 Td (the ) Tj ET Q q 0 0 0 rg BT 507.18 153.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 523.40 153.00 Td (value ) Tj ET Q q 0 0 0 rg BT 547.39 153.00 Td (of ) Tj ET Q q 0 0 0 rg BT 558.06 153.00 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 141.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 89.49 141.00 Td (unit ) Tj ET Q q 0 0 0 rg BT 108.39 141.00 Td (is ) Tj ET Q q 0 0 0 rg BT 118.39 141.00 Td (less ) Tj ET Q q 0 0 0 rg BT 136.73 141.00 Td (than ) Tj ET Q q 0 0 0 rg BT 157.29 141.00 Td (its ) Tj ET Q q 0 0 0 rg BT 170.07 141.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 206.72 141.00 Td (amount, ) Tj ET Q q 0 0 0 rg BT 242.56 141.00 Td (or ) Tj ET Q q 0 0 0 rg BT 254.22 141.00 Td (if ) Tj ET Q q 0 0 0 rg BT 263.67 141.00 Td (we ) Tj ET Q q 0 0 0 rg BT 278.67 141.00 Td (did ) Tj ET Q q 0 0 0 rg BT 294.78 141.00 Td (not ) Tj ET Q q 0 0 0 rg BT 310.90 141.00 Td (elect ) Tj ET Q q 0 0 0 rg BT 333.11 141.00 Td (to ) Tj ET Q q 0 0 0 rg BT 344.22 141.00 Td (perform ) Tj ET Q q 0 0 0 rg BT 379.77 141.00 Td (the ) Tj ET Q q 0 0 0 rg BT 395.32 141.00 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 440.87 141.00 Td (assessment ) Tj ET Q q 0 0 0 rg BT 488.64 141.00 Td (we ) Tj ET Q q 0 0 0 rg BT 503.64 141.00 Td (will ) Tj ET Q q 0 0 0 rg BT 522.53 141.00 Td (perform ) Tj ET Q q 0 0 0 rg BT 558.08 141.00 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 129.00 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 99.21 129.00 Td (assessment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 114.00 Td (A) Tj ET Q q 0 0 0 rg BT 65.17 114.00 Td ( ) Tj ET Q q 0 0 0 rg BT 66.74 114.00 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 115.51 114.00 Td (assessment ) Tj ET Q q 0 0 0 rg BT 161.52 114.00 Td (of ) Tj ET Q q 0 0 0 rg BT 171.42 114.00 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 208.54 114.00 Td (requires ) Tj ET Q q 0 0 0 rg BT 242.31 114.00 Td (a ) Tj ET Q q 0 0 0 rg BT 248.32 114.00 Td (comparison ) Tj ET Q q 0 0 0 rg BT 296.54 114.00 Td (of ) Tj ET Q q 0 0 0 rg BT 306.44 114.00 Td (the ) Tj ET Q q 0 0 0 rg BT 320.22 114.00 Td (estimated ) Tj ET Q q 0 0 0 rg BT 360.11 114.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 375.56 114.00 Td (value ) Tj ET Q q 0 0 0 rg BT 398.78 114.00 Td (of ) Tj ET Q q 0 0 0 rg BT 408.68 114.00 Td (the ) Tj ET Q q 0 0 0 rg BT 422.46 114.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 460.68 114.00 Td (unit ) Tj ET Q q 0 0 0 rg BT 477.81 114.00 Td (to ) Tj ET Q q 0 0 0 rg BT 487.15 114.00 Td (which ) Tj ET Q q 0 0 0 rg BT 513.16 114.00 Td (the ) Tj ET Q q 0 0 0 rg BT 526.94 114.00 Td (goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.00 Td (has ) Tj ET Q q 0 0 0 rg BT 65.60 102.00 Td (been ) Tj ET Q q 0 0 0 rg BT 87.25 102.00 Td (assigned ) Tj ET Q q 0 0 0 rg BT 124.47 102.00 Td (to ) Tj ET Q q 0 0 0 rg BT 135.02 102.00 Td (its ) Tj ET Q q 0 0 0 rg BT 147.24 102.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 183.33 102.00 Td (value. ) Tj ET Q q 0 0 0 rg BT 209.64 102.00 Td (All ) Tj ET Q q 0 0 0 rg BT 225.20 102.00 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 263.53 102.00 Td (is ) Tj ET Q q 0 0 0 rg BT 272.97 102.00 Td (related ) Tj ET Q q 0 0 0 rg BT 302.95 102.00 Td (to ) Tj ET Q q 0 0 0 rg BT 313.50 102.00 Td (the ) Tj ET Q q 0 0 0 rg BT 328.49 102.00 Td (North ) Tj ET Q q 0 0 0 rg BT 353.98 102.00 Td (America ) Tj ET Q q 0 0 0 rg BT 391.18 102.00 Td (reportable ) Tj ET Q q 0 0 0 rg BT 434.48 102.00 Td (segment, ) Tj ET Q q 0 0 0 rg BT 473.08 102.00 Td (which ) Tj ET Q q 0 0 0 rg BT 500.29 102.00 Td (is ) Tj ET Q q 0 0 0 rg BT 509.74 102.00 Td (comprised ) Tj ET Q q 0 0 0 rg BT 554.16 102.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.00 Td (two ) Tj ET Q q 0 0 0 rg BT 67.61 90.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 107.37 90.00 Td (units. ) Tj ET Q q 0 0 0 rg BT 131.73 90.00 Td (A) Tj ET Q q 0 0 0 rg BT 138.40 90.00 Td ( ) Tj ET Q q 0 0 0 rg BT 141.51 90.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 181.27 90.00 Td (unit ) Tj ET Q q 0 0 0 rg BT 199.93 90.00 Td (is ) Tj ET Q q 0 0 0 rg BT 209.71 90.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 242.80 90.00 Td (as ) Tj ET Q q 0 0 0 rg BT 254.23 90.00 Td (an ) Tj ET Q q 0 0 0 rg BT 266.78 90.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 307.65 90.00 Td (segment ) Tj ET Q q 0 0 0 rg BT 344.08 90.00 Td (or ) Tj ET Q q 0 0 0 rg BT 355.51 90.00 Td (a ) Tj ET Q q 0 0 0 rg BT 363.06 90.00 Td (component ) Tj ET Q q 0 0 0 rg BT 410.60 90.00 Td (of ) Tj ET Q q 0 0 0 rg BT 422.03 90.00 Td (an ) Tj ET Q q 0 0 0 rg BT 434.58 90.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 475.45 90.00 Td (segment ) Tj ET Q q 0 0 0 rg BT 511.88 90.00 Td (to ) Tj ET Q q 0 0 0 rg BT 522.76 90.00 Td (the ) Tj ET Q q 0 0 0 rg BT 538.08 90.00 Td (extent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.00 Td (discrete ) Tj ET Q q 0 0 0 rg BT 83.66 78.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 121.70 78.00 Td (information ) Tj ET Q q 0 0 0 rg BT 171.98 78.00 Td (is ) Tj ET Q q 0 0 0 rg BT 181.71 78.00 Td (available ) Tj ET Q q 0 0 0 rg BT 220.86 78.00 Td (that ) Tj ET Q q 0 0 0 rg BT 238.92 78.00 Td (is ) Tj ET Q q 0 0 0 rg BT 248.65 78.00 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 288.36 78.00 Td (by ) Tj ET Q q 0 0 0 rg BT 301.42 78.00 Td (segment ) Tj ET Q q 0 0 0 rg BT 337.81 78.00 Td (management. ) Tj ET Q q 0 0 0 rg BT 394.46 78.00 Td (If ) Tj ET Q q 0 0 0 rg BT 404.19 78.00 Td (the ) Tj ET Q q 0 0 0 rg BT 419.47 78.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 455.84 78.00 Td (value ) Tj ET Q q 0 0 0 rg BT 480.56 78.00 Td (of ) Tj ET Q q 0 0 0 rg BT 491.96 78.00 Td (the ) Tj ET Q q 0 0 0 rg BT 507.23 78.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 546.95 78.00 Td (unit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.00 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 84.39 66.00 Td (the ) Tj ET Q q 0 0 0 rg BT 99.85 66.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 116.97 66.00 Td (value, ) Tj ET Q q 0 0 0 rg BT 144.37 66.00 Td (the ) Tj ET Q q 0 0 0 rg BT 159.83 66.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 199.73 66.00 Td (unit) Tj ET Q q 0 0 0 rg BT 218.07 66.00 Td (s ) Tj ET Q q 0 0 0 rg BT 225.21 66.00 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 264.01 66.00 Td (is ) Tj ET Q q 0 0 0 rg BT 273.92 66.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 316.59 66.00 Td (to ) Tj ET Q q 0 0 0 rg BT 327.61 66.00 Td (its ) Tj ET Q q 0 0 0 rg BT 340.31 66.00 Td (implied ) Tj ET Q q 0 0 0 rg BT 374.10 66.00 Td (value ) Tj ET Q q 0 0 0 rg BT 399.00 66.00 Td (of ) Tj ET Q q 0 0 0 rg BT 410.58 66.00 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 451.88 66.00 Td (If ) Tj ET Q q 0 0 0 rg BT 461.78 66.00 Td (the ) Tj ET Q q 0 0 0 rg BT 477.24 66.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 513.80 66.00 Td (value ) Tj ET Q q 0 0 0 rg BT 538.70 66.00 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 66.00 Td (the ) Tj ET Q endstream endobj 149 0 obj <>] /Rotate 0 /Contents 150 0 R>> endobj 150 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 29.10 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 726.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 88.01 726.60 Td (unit) Tj ET Q q 0 0 0 rg BT 106.35 726.60 Td (s ) Tj ET Q q 0 0 0 rg BT 112.10 726.60 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 149.51 726.60 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 183.02 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 197.09 726.60 Td (implied ) Tj ET Q q 0 0 0 rg BT 229.50 726.60 Td (value, ) Tj ET Q q 0 0 0 rg BT 255.51 726.60 Td (an ) Tj ET Q q 0 0 0 rg BT 266.81 726.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 314.77 726.60 Td (char) Tj ET Q q 0 0 0 rg BT 331.79 726.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 343.09 726.60 Td (is ) Tj ET Q q 0 0 0 rg BT 351.62 726.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 397.34 726.60 Td (to ) Tj ET Q q 0 0 0 rg BT 406.97 726.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 435.48 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 449.55 726.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 484.72 726.60 Td (value ) Tj ET Q q 0 0 0 rg BT 508.24 726.60 Td (to ) Tj ET Q q 0 0 0 rg BT 517.87 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 531.95 726.60 Td (implied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 699.60 Td (There ) Tj ET Q q 0 0 0 rg BT 84.74 699.60 Td (were ) Tj ET Q q 0 0 0 rg BT 107.09 699.60 Td (no ) Tj ET Q q 0 0 0 rg BT 120.01 699.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 169.03 699.60 Td (char) Tj ET Q q 0 0 0 rg BT 186.05 699.60 Td (ges ) Tj ET Q q 0 0 0 rg BT 202.31 699.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 249.09 699.60 Td (related ) Tj ET Q q 0 0 0 rg BT 279.21 699.60 Td (to ) Tj ET Q q 0 0 0 rg BT 289.91 699.60 Td (our ) Tj ET Q q 0 0 0 rg BT 306.16 699.60 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 350.74 699.60 Td (of ) Tj ET Q q 0 0 0 rg BT 361.99 699.60 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 400.47 699.60 Td (for ) Tj ET Q q 0 0 0 rg BT 415.05 699.60 Td (the ) Tj ET Q q 0 0 0 rg BT 430.19 699.60 Td (years ) Tj ET Q q 0 0 0 rg BT 454.21 699.60 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 699.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 540.01 699.60 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 687.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 72.00 687.60 Td (and ) Tj ET Q q 0 0 0 rg BT 88.94 687.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.94 687.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 668.2669921875 m 152.6748046875 668.2669921875 l s q 0 0 0 rg BT 58.50 669.60 Td (Business ) Tj ET Q q 0 0 0 rg BT 96.56 669.60 Td (Combinations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 651.60 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 651.60 Td (e ) Tj ET Q q 0 0 0 rg BT 74.29 651.60 Td (recognize ) Tj ET Q q 0 0 0 rg BT 115.86 651.60 Td (the ) Tj ET Q q 0 0 0 rg BT 130.79 651.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 156.83 651.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 193.96 651.60 Td (and ) Tj ET Q q 0 0 0 rg BT 211.11 651.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 251.03 651.60 Td (assumed ) Tj ET Q q 0 0 0 rg BT 288.18 651.60 Td (in ) Tj ET Q q 0 0 0 rg BT 298.67 651.60 Td (a ) Tj ET Q q 0 0 0 rg BT 305.82 651.60 Td (business ) Tj ET Q q 0 0 0 rg BT 342.42 651.60 Td (combination ) Tj ET Q q 0 0 0 rg BT 395.12 651.60 Td (at ) Tj ET Q q 0 0 0 rg BT 405.05 651.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 421.63 651.60 Td (value ) Tj ET Q q 0 0 0 rg BT 446.00 651.60 Td (including ) Tj ET Q q 0 0 0 rg BT 486.48 651.60 Td (any ) Tj ET Q q 0 0 0 rg BT 503.63 651.60 Td (noncontrolling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 639.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 81.27 639.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.94 639.60 Td (the ) Tj ET Q q 0 0 0 rg BT 106.49 639.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 143.26 639.60 Td (entity; 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) Tj ET Q q 0 0 0 rg BT 363.18 627.60 Td (and ) Tj ET Q q 0 0 0 rg BT 381.23 627.60 Td (disclose ) Tj ET Q q 0 0 0 rg BT 417.04 627.60 Td (information ) Tj ET Q q 0 0 0 rg BT 467.86 627.60 Td (needed ) Tj ET Q q 0 0 0 rg BT 499.78 627.60 Td (to ) Tj ET Q q 0 0 0 rg BT 511.16 627.60 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 548.07 627.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 615.60 Td (understand ) Tj ET Q q 0 0 0 rg BT 96.46 615.60 Td (the ) Tj ET Q q 0 0 0 rg BT 111.76 615.60 Td (nature ) Tj ET Q q 0 0 0 rg BT 139.83 615.60 Td (and ) Tj ET Q q 0 0 0 rg BT 157.36 615.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 195.42 615.60 Td (ef) Tj ET Q q 0 0 0 rg BT 203.01 615.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 221.08 615.60 Td (of ) Tj ET Q q 0 0 0 rg BT 232.50 615.60 Td (the ) Tj ET Q q 0 0 0 rg BT 247.80 615.60 Td (business ) Tj ET Q q 0 0 0 rg BT 284.77 615.60 Td (combination. ) Tj ET Q q 0 0 0 rg BT 340.13 615.60 Td (W) Tj ET Q q 0 0 0 rg BT 348.76 615.60 Td (e ) Tj ET Q q 0 0 0 rg BT 356.29 615.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 391.58 615.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 438.54 615.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 461.62 615.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 495.25 615.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 539.43 615.60 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 615.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 603.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 97.80 603.60 Td (as ) Tj ET Q q 0 0 0 rg BT 110.55 603.60 Td (incurred; 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Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 548.2669921875 m 276.595703125 548.2669921875 l s q 0 0 0 rg BT 58.50 549.60 Td (Accumulated ) Tj ET Q q 0 0 0 rg BT 114.31 549.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 139.58 549.60 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 204.84 549.60 Td (Income ) Tj ET Q q 0 0 0 rg BT 237.33 549.60 Td (\("AOCI"\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 531.60 Td (AOCI, ) Tj ET Q q 0 0 0 rg BT 87.58 531.60 Td (in ) Tj ET Q q 0 0 0 rg BT 97.50 531.60 Td (the ) Tj ET Q q 0 0 0 rg BT 111.86 531.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 164.54 531.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 208.89 531.60 Td (of ) Tj ET Q q 0 0 0 rg BT 219.36 531.60 Td (equity) Tj ET Q q 0 0 0 rg BT 243.71 531.60 Td (, ) Tj ET Q q 0 0 0 rg BT 248.35 531.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 283.81 531.60 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 327.60 531.60 Td (gains ) Tj ET Q q 0 0 0 rg BT 350.84 531.60 Td (and ) Tj ET Q q 0 0 0 rg BT 367.42 531.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 393.45 531.60 Td (excluded ) Tj ET Q q 0 0 0 rg BT 431.69 531.60 Td (from ) Tj ET Q q 0 0 0 rg BT 453.27 531.60 Td (the ) Tj ET Q q 0 0 0 rg BT 467.62 531.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 520.31 531.60 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 519.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 519.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 106.80 519.60 Td (These ) Tj ET Q q 0 0 0 rg BT 133.18 519.60 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 177.32 519.60 Td (gains ) Tj ET Q q 0 0 0 rg BT 200.93 519.60 Td (and ) Tj ET Q q 0 0 0 rg BT 217.87 519.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 244.26 519.60 Td (consisted ) Tj ET Q q 0 0 0 rg BT 283.98 519.60 Td (of ) Tj ET Q q 0 0 0 rg BT 294.81 519.60 Td (the ) Tj ET Q q 0 0 0 rg BT 309.52 519.60 Td (following ) Tj ET Q q 0 0 0 rg BT 350.91 519.60 Td (\(in ) Tj ET Q q 0 0 0 rg BT 364.52 519.60 Td (millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 485.10 347.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.00 485.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 485.10 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 485.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 485.10 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 455.10 347.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.00 455.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 455.10 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 455.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 455.10 79.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 497.1 m 479 497.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 497.1 m 483 497.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 497.1 m 562 497.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 497.1 m 479 497.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 485.1 m 479 485.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 497.1 m 562 497.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 485.1 m 562 485.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 485.1 m 479 485.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 485.1 m 562 485.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 440.1 m 479 440.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 426.1 m 479 426.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 424.1 m 479 424.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 440.1 m 562 440.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 426.1 m 562 426.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 424.1 m 562 424.1 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 501.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.95 501.18 Td (AsofDecember31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 489.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.50 489.18 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.00 489.18 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 475.67 Td (Foreign currency translation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.50 474.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.80 474.82 Td (\(41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 474.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 474.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 474.82 Td (\(34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 474.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 459.77 Td (Pension and other postretirement plan unrecognized net gain) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 459.77 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 459.77 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 445.67 Td (Net unrealized loss on derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.80 444.82 Td (\(23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 444.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 444.82 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 444.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 430.67 Td (Accumulated other comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.50 429.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.80 429.82 Td (\(62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 429.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 429.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 429.82 Td (\(34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 429.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 407.60 Td (The ) Tj ET Q q 0 0 0 rg BT 79.55 407.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 114.25 407.60 Td (in ) Tj ET Q q 0 0 0 rg BT 124.53 407.60 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 177.56 407.60 Td (other ) Tj ET Q q 0 0 0 rg BT 200.61 407.60 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 263.64 407.60 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 288.36 407.60 Td (income ) Tj ET Q q 0 0 0 rg BT 320.29 407.60 Td (are ) Tj ET Q q 0 0 0 rg BT 335.00 407.60 Td (as ) Tj ET Q q 0 0 0 rg BT 345.83 407.60 Td (follows ) Tj ET Q q 0 0 0 rg BT 378.33 407.60 Td (\(in ) Tj ET Q q 0 0 0 rg BT 391.94 407.60 Td (millions\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 337.10 245.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 337.10 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 337.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 337.10 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 337.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 337.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 337.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 337.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 307.10 245.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 307.10 62.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 307.10 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 307.10 69.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 307.10 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 307.10 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 307.10 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 307.10 64.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 267.10 245.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 267.10 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 267.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 267.10 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 267.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 267.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 267.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 267.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 237.10 245.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 237.10 62.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 237.10 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 237.10 69.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 237.10 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 237.10 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 237.10 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 237.10 64.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 197.10 245.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 197.10 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 197.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 197.10 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 197.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 197.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 197.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 197.10 64.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 337.1 m 357 337.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 337.1 m 430 337.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 337.1 m 495 337.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 337.1 m 563 337.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 337.1 m 357 337.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 322.1 m 357 322.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 337.1 m 430 337.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 322.1 m 430 322.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 337.1 m 495 337.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 322.1 m 495 322.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 337.1 m 563 337.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 322.1 m 563 322.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 282.1 m 357 282.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 282.1 m 430 282.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 282.1 m 495 282.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 282.1 m 563 282.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 267.1 m 357 267.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 267.1 m 430 267.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 267.1 m 495 267.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 267.1 m 563 267.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 267.1 m 357 267.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 252.10000000000002 m 357 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 267.1 m 430 267.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 252.10000000000002 m 430 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 267.1 m 495 267.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 252.10000000000002 m 495 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 267.1 m 563 267.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 252.10000000000002 m 563 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 252.10000000000002 m 357 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 252.10000000000002 m 430 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 252.10000000000002 m 495 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 252.10000000000002 m 563 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 212.10000000000002 m 357 212.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 212.10000000000002 m 430 212.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 212.10000000000002 m 495 212.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 212.10000000000002 m 563 212.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 197.10000000000002 m 357 197.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 197.10000000000002 m 430 197.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 197.10000000000002 m 495 197.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 197.10000000000002 m 563 197.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 183.10000000000002 m 357 183.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 181.10000000000002 m 357 181.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 183.10000000000002 m 430 183.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 181.10000000000002 m 430 181.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 183.10000000000002 m 495 183.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 181.10000000000002 m 495 181.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 183.10000000000002 m 563 183.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 181.10000000000002 m 563 181.10000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 310.55 359.55 Td (Foreign) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 307.05 350.55 Td (Currency) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 303.30 341.55 Td (Translation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.60 386.55 Td (Pension and) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 383.55 377.55 Td (Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 366.40 368.55 Td (Postretirement) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 386.20 359.55 Td (Plan) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 368.55 350.55 Td (Unrecognized) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 377.60 341.55 Td (Net Gain) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.25 368.55 Td (Net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.05 359.55 Td (Unrealized) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 449.35 350.55 Td (Loss on) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.25 341.55 Td (Derivatives) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 520.65 341.55 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 326.77 Td (Balance December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.50 326.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.80 326.82 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 326.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.50 326.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 326.77 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.50 326.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 326.82 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 326.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 326.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 326.82 Td (\(22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 326.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 311.77 Td (Other comprehensive \(loss\) income before reclassifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.80 311.82 Td (\(22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 311.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 311.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 311.77 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 311.82 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 311.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 296.77 Td (Amounts reclassified from accumulated other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 286.77 Td (comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 286.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 286.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 286.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 286.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 271.77 Td (Net current period comprehensive \(loss\) income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.80 271.82 Td (\(22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 271.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 271.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 271.77 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 271.82 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 271.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 256.77 Td (Balance December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.50 256.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.80 256.82 Td (\(34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 256.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.50 256.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 256.77 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.50 256.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.80 256.82 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 256.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 256.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 256.82 Td (\(34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 256.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 241.77 Td (Other comprehensive loss before reclassifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.80 241.82 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 241.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 241.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 241.82 Td (\(21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 241.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 241.82 Td (\(23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 241.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 226.77 Td (Amounts reclassified from accumulated other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 216.77 Td (comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.80 216.82 Td (\(5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 216.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 216.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 216.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 216.82 Td (\(5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 216.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 201.77 Td (Net current period comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.80 201.82 Td (\(7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 201.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 201.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 201.82 Td (\(21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 201.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 201.82 Td (\(28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 201.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 186.77 Td (Balance December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.50 186.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.80 186.82 Td (\(41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 186.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.50 186.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 186.77 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.50 186.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 186.82 Td (\(23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 186.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 186.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 186.82 Td (\(62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 186.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 151 0 obj <>] /Rotate 0 /Contents 152 0 R>> endobj 152 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 29.10 Td (75) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 58.00 677.00 202.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 677.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 677.00 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 677.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 677.00 202.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 58.00 647.00 202.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 647.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 647.00 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 647.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 647.00 202.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 713 m 260 713 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264 713 m 356 713 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 713 m 360 713 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 713 m 562 713 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 692 m 260 692 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264 692 m 356 692 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 713 m 562 713 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 692 m 562 692 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264 662 m 356 662 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264 632 m 356 632 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264 618 m 356 618 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264 616 m 356 616 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 174.00 717.45 Td (Amount Reclassified from Accumulated Other Comprehensive Income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 704.40 Td (Accumulated Other Comprehensive Income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 69.50 695.40 Td (Component) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.95 704.40 Td (Year Ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.20 695.40 Td (December 31, 2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.50 704.40 Td (Affected Line Item in the Consolidated Statement) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.50 695.40 Td (of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.50 666.67 Td (Foreign currency translation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.50 666.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 348.00 666.46 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 666.67 Td (Gain on asset sales ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 440.82 671.20 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 348.00 651.46 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 651.67 Td (Total before tax) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.50 636.46 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 636.67 Td (Tax benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.50 621.67 Td (Total reclassifications) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.50 621.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 348.00 621.46 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 621.67 Td (Net of tax) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 58.50 607.03 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.08 602.50 Td ( For additional information see, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 194.94 602.50 Td (Note 4.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 223.83 602.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 226.33 602.50 Td (Dispositions, ) Tj ET Q q 0 0 0 rg BT 281.16 602.50 Td (Assets Held for Sale and Discontinued Operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 482.81 602.50 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 583.1669921875 m 150.4189453125 583.1669921875 l s q 0 0 0 rg BT 58.50 584.50 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 103.20 584.50 Td (Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 566.50 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 566.50 Td (e ) Tj ET Q q 0 0 0 rg BT 74.26 566.50 Td (recognize ) Tj ET Q q 0 0 0 rg BT 115.81 566.50 Td (derivative ) Tj ET Q q 0 0 0 rg BT 158.48 566.50 Td (instruments ) Tj ET Q q 0 0 0 rg BT 207.83 566.50 Td (on ) Tj ET Q q 0 0 0 rg BT 220.51 566.50 Td (the ) Tj ET Q q 0 0 0 rg BT 235.41 566.50 Td (balance ) Tj ET Q q 0 0 0 rg BT 268.63 566.50 Td (sheet ) Tj ET Q q 0 0 0 rg BT 291.86 566.50 Td (at ) Tj ET Q q 0 0 0 rg BT 301.77 566.50 Td (their ) Tj ET Q q 0 0 0 rg BT 322.78 566.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 339.34 566.50 Td (value. ) Tj ET Q q 0 0 0 rg BT 365.99 566.50 Td (The ) Tj ET Q q 0 0 0 rg BT 384.22 566.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 404.67 566.50 Td (conversion ) Tj ET Q q 0 0 0 rg BT 451.24 566.50 Td (option ) Tj ET Q q 0 0 0 rg BT 479.48 566.50 Td (and ) Tj ET Q q 0 0 0 rg BT 496.60 566.50 Td (note ) Tj ET Q q 0 0 0 rg BT 516.50 566.50 Td (hedge ) Tj ET Q q 0 0 0 rg BT 543.07 566.50 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 554.50 Td (derivative ) Tj ET Q q 0 0 0 rg BT 90.99 554.50 Td (instruments ) Tj ET Q q 0 0 0 rg BT 139.16 554.50 Td (that ) Tj ET Q q 0 0 0 rg BT 155.66 554.50 Td (were ) Tj ET Q q 0 0 0 rg BT 176.59 554.50 Td (recorded ) Tj ET Q q 0 0 0 rg BT 213.07 554.50 Td (at ) Tj ET Q q 0 0 0 rg BT 221.79 554.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 237.18 554.50 Td (value ) Tj ET Q q 0 0 0 rg BT 260.34 554.50 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 297.94 554.50 Td (with ) Tj ET Q q 0 0 0 rg BT 317.22 554.50 Td (changes ) Tj ET Q q 0 0 0 rg BT 350.93 554.50 Td (in ) Tj ET Q q 0 0 0 rg BT 360.22 554.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 375.60 554.50 Td (value ) Tj ET Q q 0 0 0 rg BT 398.76 554.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 444.13 554.50 Td (in ) Tj ET Q q 0 0 0 rg BT 453.41 554.50 Td (our ) Tj ET Q q 0 0 0 rg BT 468.25 554.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 520.29 554.50 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 542.50 Td (of ) Tj ET Q q 0 0 0 rg BT 59.30 542.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 102.42 542.50 Td (as ) Tj ET Q q 0 0 0 rg BT 112.21 542.50 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 149.78 542.50 Td (convertible ) Tj ET Q q 0 0 0 rg BT 196.23 542.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 214.91 542.50 Td (related ) Tj ET Q q 0 0 0 rg BT 243.58 542.50 Td (expense. ) Tj ET Q q 0 0 0 rg BT 279.65 542.50 Td (W) Tj ET Q q 0 0 0 rg BT 288.28 542.50 Td (e ) Tj ET Q q 0 0 0 rg BT 294.19 542.50 Td (have ) Tj ET Q q 0 0 0 rg BT 314.53 542.50 Td (entered ) Tj ET Q q 0 0 0 rg BT 345.42 542.50 Td (into ) Tj ET Q q 0 0 0 rg BT 362.44 542.50 Td (swap ) Tj ET Q q 0 0 0 rg BT 384.46 542.50 Td (agreements ) Tj ET Q q 0 0 0 rg BT 431.46 542.50 Td (with ) Tj ET Q q 0 0 0 rg BT 450.71 542.50 Td (various ) Tj ET Q q 0 0 0 rg BT 481.61 542.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 518.06 542.50 Td (institutions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 530.50 Td (to ) Tj ET Q q 0 0 0 rg BT 59.38 530.50 Td (hedge ) Tj ET Q q 0 0 0 rg BT 85.35 530.50 Td (our ) Tj ET Q q 0 0 0 rg BT 100.78 530.50 Td (exposure ) Tj ET Q q 0 0 0 rg BT 138.98 530.50 Td (to ) Tj ET Q q 0 0 0 rg BT 148.86 530.50 Td (ener) Tj ET Q q 0 0 0 rg BT 165.88 530.50 Td (gy ) Tj ET Q q 0 0 0 rg BT 177.98 530.50 Td (price ) Tj ET Q q 0 0 0 rg BT 200.06 530.50 Td (risk ) Tj ET Q q 0 0 0 rg BT 217.16 530.50 Td (and ) Tj ET Q q 0 0 0 rg BT 233.70 530.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 265.23 530.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 282.32 530.50 Td (risk. ) Tj ET Q q 0 0 0 rg BT 301.92 530.50 Td (Changes ) Tj ET Q q 0 0 0 rg BT 338.45 530.50 Td (in ) Tj ET Q q 0 0 0 rg BT 348.33 530.50 Td (the ) Tj ET Q q 0 0 0 rg BT 362.64 530.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 378.62 530.50 Td (value ) Tj ET Q q 0 0 0 rg BT 402.37 530.50 Td (of ) Tj ET Q q 0 0 0 rg BT 412.80 530.50 Td (the ) Tj ET Q q 0 0 0 rg BT 427.12 530.50 Td (ener) Tj ET Q q 0 0 0 rg BT 444.14 530.50 Td (gy ) Tj ET Q q 0 0 0 rg BT 456.24 530.50 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 502.21 530.50 Td (and ) Tj ET Q q 0 0 0 rg BT 518.75 530.50 Td (the ) Tj ET Q q 0 0 0 rg BT 533.07 530.50 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 518.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 66.99 518.50 Td (swap ) Tj ET Q q 0 0 0 rg BT 90.04 518.50 Td (are ) Tj ET Q q 0 0 0 rg BT 104.74 518.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 151.11 518.50 Td (as ) Tj ET Q q 0 0 0 rg BT 161.94 518.50 Td (a ) Tj ET Q q 0 0 0 rg BT 168.88 518.50 Td (component ) Tj ET Q q 0 0 0 rg BT 215.81 518.50 Td (of ) Tj ET Q q 0 0 0 rg BT 226.09 518.50 Td (AOCI. ) Tj ET Q q 0 0 0 rg BT 255.53 518.50 Td (For ) Tj ET Q q 0 0 0 rg BT 271.92 518.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 314.41 518.50 Td (information, ) Tj ET Q q 0 0 0 rg BT 366.62 518.50 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 381.89 518.50 Td (Note ) Tj ET Q q 0 0 0 rg BT 403.28 518.50 Td (13.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 415.78 518.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 418.28 518.50 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 462.98 518.50 Td (Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.20 518.50 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 499.1669921875 m 176.8251953125 499.1669921875 l s q 0 0 0 rg BT 58.50 500.50 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 92.11 500.50 Td (Currency ) Tj ET Q q 0 0 0 rg BT 131.63 500.50 Td (T) Tj ET Q q 0 0 0 rg BT 137.39 500.50 Td (ranslation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 482.50 Td (For ) Tj ET Q q 0 0 0 rg BT 74.69 482.50 Td (foreign ) Tj ET Q q 0 0 0 rg BT 105.87 482.50 Td (operations, ) Tj ET Q q 0 0 0 rg BT 152.32 482.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 177.95 482.50 Td (and ) Tj ET Q q 0 0 0 rg BT 194.69 482.50 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 234.20 482.50 Td (are ) Tj ET Q q 0 0 0 rg BT 248.71 482.50 Td (translated ) Tj ET Q q 0 0 0 rg BT 289.88 482.50 Td (at ) Tj ET Q q 0 0 0 rg BT 299.39 482.50 Td (year) Tj ET Q q 0 0 0 rg BT 316.40 482.50 Td (-end ) Tj ET Q q 0 0 0 rg BT 336.47 482.50 Td (exchange ) Tj ET Q q 0 0 0 rg BT 376.52 482.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 397.70 482.50 Td (and ) Tj ET Q q 0 0 0 rg BT 414.43 482.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 448.38 482.50 Td (and ) Tj ET Q q 0 0 0 rg BT 465.12 482.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 499.62 482.50 Td (are ) Tj ET Q q 0 0 0 rg BT 514.13 482.50 Td (translated ) Tj ET Q q 0 0 0 rg BT 555.30 482.50 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 470.50 Td (the ) Tj ET Q q 0 0 0 rg BT 64.37 470.50 Td (average ) Tj ET Q q 0 0 0 rg BT 98.11 470.50 Td (exchange ) Tj ET Q q 0 0 0 rg BT 138.52 470.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 160.06 470.50 Td (during ) Tj ET Q q 0 0 0 rg BT 188.82 470.50 Td (the ) Tj ET Q q 0 0 0 rg BT 203.69 470.50 Td (year) Tj ET Q q 0 0 0 rg BT 220.35 470.50 Td (. ) Tj ET Q q 0 0 0 rg BT 225.51 470.50 Td (Unrealized ) Tj ET Q q 0 0 0 rg BT 272.02 470.50 Td (gains ) Tj ET Q q 0 0 0 rg BT 295.79 470.50 Td (and ) Tj ET Q q 0 0 0 rg BT 312.88 470.50 Td (losses ) Tj ET Q q 0 0 0 rg BT 339.43 470.50 Td (resulting ) Tj ET Q q 0 0 0 rg BT 377.08 470.50 Td (from ) Tj ET Q q 0 0 0 rg BT 399.18 470.50 Td (foreign ) Tj ET Q q 0 0 0 rg BT 430.71 470.50 Td (currency ) Tj ET Q q 0 0 0 rg BT 468.34 470.50 Td (translation ) Tj ET Q q 0 0 0 rg BT 513.21 470.50 Td (are ) Tj ET Q q 0 0 0 rg BT 528.07 470.50 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 458.50 Td (in ) Tj ET Q q 0 0 0 rg BT 60.39 458.50 Td (the ) Tj ET Q q 0 0 0 rg BT 75.72 458.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 129.37 458.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 174.70 458.50 Td (of ) Tj ET Q q 0 0 0 rg BT 186.14 458.50 Td (equity ) Tj ET Q q 0 0 0 rg BT 214.25 458.50 Td (as ) Tj ET Q q 0 0 0 rg BT 225.69 458.50 Td (a ) Tj ET Q q 0 0 0 rg BT 233.24 458.50 Td (component ) Tj ET Q q 0 0 0 rg BT 280.78 458.50 Td (of ) Tj ET Q q 0 0 0 rg BT 291.54 458.50 Td (AOCI. ) Tj ET Q q 0 0 0 rg BT 321.59 458.50 Td (Currency ) Tj ET Q q 0 0 0 rg BT 361.91 458.50 Td (transaction ) Tj ET Q q 0 0 0 rg BT 408.90 458.50 Td (gains ) Tj ET Q q 0 0 0 rg BT 433.12 458.50 Td (and ) Tj ET Q q 0 0 0 rg BT 450.67 458.50 Td (losses ) Tj ET Q q 0 0 0 rg BT 477.67 458.50 Td (are ) Tj ET Q q 0 0 0 rg BT 492.99 458.50 Td (recorded ) Tj ET Q q 0 0 0 rg BT 531.08 458.50 Td (in ) Tj ET Q q 0 0 0 rg BT 541.97 458.50 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 446.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.76 446.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 124.47 446.50 Td (in ) Tj ET Q q 0 0 0 rg BT 134.75 446.50 Td (the ) Tj ET Q q 0 0 0 rg BT 149.47 446.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 202.51 446.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 247.22 446.50 Td (of ) Tj ET Q q 0 0 0 rg BT 258.05 446.50 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 427.1669921875 m 249.02734375 427.1669921875 l s q 0 0 0 rg BT 58.50 428.50 Td (Pension ) Tj ET Q q 0 0 0 rg BT 92.67 428.50 Td (and ) Tj ET Q q 0 0 0 rg BT 109.61 428.50 Td (Postretirement ) Tj ET Q q 0 0 0 rg BT 170.43 428.50 Td (Benefit ) Tj ET Q q 0 0 0 rg BT 202.36 428.50 Td (Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 410.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 76.35 410.50 Td (pension ) Tj ET Q q 0 0 0 rg BT 109.75 410.50 Td (and ) Tj ET Q q 0 0 0 rg BT 126.49 410.50 Td (other ) Tj ET Q q 0 0 0 rg BT 149.33 410.50 Td (postretirement ) Tj ET Q q 0 0 0 rg BT 209.39 410.50 Td (benefit ) Tj ET Q q 0 0 0 rg BT 239.45 410.50 Td (plans ) Tj ET Q q 0 0 0 rg BT 262.86 410.50 Td (are ) Tj ET Q q 0 0 0 rg BT 277.36 410.50 Td (accounted ) Tj ET Q q 0 0 0 rg BT 320.19 410.50 Td (for ) Tj ET Q q 0 0 0 rg BT 334.15 410.50 Td (based ) Tj ET Q q 0 0 0 rg BT 359.22 410.50 Td (on ) Tj ET Q q 0 0 0 rg BT 371.51 410.50 Td (actuarially-determined ) Tj ET Q q 0 0 0 rg BT 464.32 410.50 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 506.33 410.50 Td (For ) Tj ET Q q 0 0 0 rg BT 522.52 410.50 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 398.50 Td (information, ) Tj ET Q q 0 0 0 rg BT 101.71 398.50 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.98 398.50 Td (Note ) Tj ET Q q 0 0 0 rg BT 138.37 398.50 Td (16.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 150.87 398.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 153.37 398.50 Td (Employee ) Tj ET Q q 0 0 0 rg BT 195.29 398.50 Td (Benefit ) Tj ET Q q 0 0 0 rg BT 226.11 398.50 Td (Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.89 398.50 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 379.1669921875 m 134.3056640625 379.1669921875 l s q 0 0 0 rg BT 58.50 380.50 Td (Share ) Tj ET Q q 0 0 0 rg BT 83.77 380.50 Td (Repurchases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 362.50 Td (Under ) Tj ET Q q 0 0 0 rg BT 85.12 362.50 Td (our ) Tj ET Q q 0 0 0 rg BT 100.07 362.50 Td (share ) Tj ET Q q 0 0 0 rg BT 122.80 362.50 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 167.73 362.50 Td (program, ) Tj ET Q q 0 0 0 rg BT 205.73 362.50 Td (common ) Tj ET Q q 0 0 0 rg BT 242.35 362.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 265.09 362.50 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 313.91 362.50 Td (may ) Tj ET Q q 0 0 0 rg BT 332.75 362.50 Td (be ) Tj ET Q q 0 0 0 rg BT 343.82 362.50 Td (made, ) Tj ET Q q 0 0 0 rg BT 369.60 362.50 Td (from ) Tj ET Q q 0 0 0 rg BT 390.66 362.50 Td (time ) Tj ET Q q 0 0 0 rg BT 410.06 362.50 Td (to ) Tj ET Q q 0 0 0 rg BT 419.47 362.50 Td (time, ) Tj ET Q q 0 0 0 rg BT 441.37 362.50 Td (in ) Tj ET Q q 0 0 0 rg BT 450.77 362.50 Td (the ) Tj ET Q q 0 0 0 rg BT 464.61 362.50 Td (open ) Tj ET Q q 0 0 0 rg BT 485.68 362.50 Td (market, ) Tj ET Q q 0 0 0 rg BT 517.57 362.50 Td (in ) Tj ET Q q 0 0 0 rg BT 526.97 362.50 Td (privately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 350.50 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 94.59 350.50 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 148.28 350.50 Td (or ) Tj ET Q q 0 0 0 rg BT 160.05 350.50 Td (by ) Tj ET Q q 0 0 0 rg BT 173.48 350.50 Td (other ) Tj ET Q q 0 0 0 rg BT 197.47 350.50 Td (available ) Tj ET Q q 0 0 0 rg BT 236.99 350.50 Td (methods, ) Tj ET Q q 0 0 0 rg BT 276.81 350.50 Td (at ) Tj ET Q q 0 0 0 rg BT 287.46 350.50 Td (management) Tj ET Q q 0 0 0 rg BT 341.33 350.50 Td (s ) Tj ET Q q 0 0 0 rg BT 348.66 350.50 Td (discretion ) Tj ET Q q 0 0 0 rg BT 391.53 350.50 Td (and ) Tj ET Q q 0 0 0 rg BT 409.40 350.50 Td (in ) Tj ET Q q 0 0 0 rg BT 420.61 350.50 Td (accordance ) Tj ET Q q 0 0 0 rg BT 469.01 350.50 Td (with ) Tj ET Q q 0 0 0 rg BT 490.22 350.50 Td (applicable ) Tj ET Q q 0 0 0 rg BT 534.75 350.50 Td (federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 338.50 Td (securities ) Tj ET Q q 0 0 0 rg BT 89.00 338.50 Td (laws. ) Tj ET Q q 0 0 0 rg BT 111.44 338.50 Td (The ) Tj ET Q q 0 0 0 rg BT 128.73 338.50 Td (timing ) Tj ET Q q 0 0 0 rg BT 156.58 338.50 Td (and ) Tj ET Q q 0 0 0 rg BT 172.75 338.50 Td (amounts ) Tj ET Q q 0 0 0 rg BT 208.38 338.50 Td (of ) Tj ET Q q 0 0 0 rg BT 218.44 338.50 Td (any ) Tj ET Q q 0 0 0 rg BT 234.62 338.50 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 283.55 338.50 Td (will ) Tj ET Q q 0 0 0 rg BT 300.85 338.50 Td (depend ) Tj ET Q q 0 0 0 rg BT 331.46 338.50 Td (on ) Tj ET Q q 0 0 0 rg BT 343.20 338.50 Td (many ) Tj ET Q q 0 0 0 rg BT 367.15 338.50 Td (factors, ) Tj ET Q q 0 0 0 rg BT 398.60 338.50 Td (including ) Tj ET Q q 0 0 0 rg BT 438.11 338.50 Td (our ) Tj ET Q q 0 0 0 rg BT 453.18 338.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 481.56 338.50 Td (structure, ) Tj ET Q q 0 0 0 rg BT 520.79 338.50 Td (the ) Tj ET Q q 0 0 0 rg BT 534.74 338.50 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 326.50 Td (price ) Tj ET Q q 0 0 0 rg BT 72.33 326.50 Td (of ) Tj ET Q q 0 0 0 rg BT 83.50 326.50 Td (our ) Tj ET Q q 0 0 0 rg BT 99.67 326.50 Td (common ) Tj ET Q q 0 0 0 rg BT 137.50 326.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 161.45 326.50 Td (and ) Tj ET Q q 0 0 0 rg BT 178.73 326.50 Td (overall ) Tj ET Q q 0 0 0 rg BT 209.34 326.50 Td (market ) Tj ET Q q 0 0 0 rg BT 239.94 326.50 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 286.95 326.50 Td (and ) Tj ET Q q 0 0 0 rg BT 304.23 326.50 Td (whether ) Tj ET Q q 0 0 0 rg BT 339.27 326.50 Td (any ) Tj ET Q q 0 0 0 rg BT 356.55 326.50 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 403.83 326.50 Td (then ) Tj ET Q q 0 0 0 rg BT 423.89 326.50 Td (exist ) Tj ET Q q 0 0 0 rg BT 445.61 326.50 Td (under ) Tj ET Q q 0 0 0 rg BT 471.22 326.50 Td (our ) Tj ET Q q 0 0 0 rg BT 487.39 326.50 Td (policies ) Tj ET Q q 0 0 0 rg BT 521.34 326.50 Td (relating ) Tj ET Q q 0 0 0 rg BT 554.72 326.50 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 314.50 Td (trading ) Tj ET Q q 0 0 0 rg BT 80.15 314.50 Td (in ) Tj ET Q q 0 0 0 rg BT 90.25 314.50 Td (compliance ) Tj ET Q q 0 0 0 rg BT 138.66 314.50 Td (with ) Tj ET Q q 0 0 0 rg BT 158.76 314.50 Td (securities ) Tj ET Q q 0 0 0 rg BT 198.85 314.50 Td (laws. ) Tj ET Q q 0 0 0 rg BT 222.00 314.50 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 260.43 314.50 Td (price ) Tj ET Q q 0 0 0 rg BT 282.73 314.50 Td (over ) Tj ET Q q 0 0 0 rg BT 302.83 314.50 Td (par ) Tj ET Q q 0 0 0 rg BT 317.92 314.50 Td (value ) Tj ET Q q 0 0 0 rg BT 341.90 314.50 Td (for ) Tj ET Q q 0 0 0 rg BT 355.88 314.50 Td (share ) Tj ET Q q 0 0 0 rg BT 379.30 314.50 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 428.82 314.50 Td (are ) Tj ET Q q 0 0 0 rg BT 443.35 314.50 Td (allocated ) Tj ET Q q 0 0 0 rg BT 481.76 314.50 Td (to ) Tj ET Q q 0 0 0 rg BT 491.87 314.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 534.18 314.50 Td (paid-in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 302.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.35 302.50 Td (up ) Tj ET Q q 0 0 0 rg BT 90.56 302.50 Td (to ) Tj ET Q q 0 0 0 rg BT 100.54 302.50 Td (the ) Tj ET Q q 0 0 0 rg BT 114.96 302.50 Td (weighted ) Tj ET Q q 0 0 0 rg BT 153.82 302.50 Td (average ) Tj ET Q q 0 0 0 rg BT 187.11 302.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 219.31 302.50 Td (per ) Tj ET Q q 0 0 0 rg BT 234.28 302.50 Td (share ) Tj ET Q q 0 0 0 rg BT 257.58 302.50 Td (recorded ) Tj ET Q q 0 0 0 rg BT 294.76 302.50 Td (at ) Tj ET Q q 0 0 0 rg BT 304.18 302.50 Td (the ) Tj ET Q q 0 0 0 rg BT 318.60 302.50 Td (time ) Tj ET Q q 0 0 0 rg BT 338.58 302.50 Td (of ) Tj ET Q q 0 0 0 rg BT 349.11 302.50 Td (initial ) Tj ET Q q 0 0 0 rg BT 374.64 302.50 Td (issuance ) Tj ET Q q 0 0 0 rg BT 410.72 302.50 Td (of ) Tj ET Q q 0 0 0 rg BT 421.26 302.50 Td (our ) Tj ET Q q 0 0 0 rg BT 436.79 302.50 Td (common ) Tj ET Q q 0 0 0 rg BT 473.99 302.50 Td (stock, ) Tj ET Q q 0 0 0 rg BT 499.80 302.50 Td (with ) Tj ET Q q 0 0 0 rg BT 519.78 302.50 Td (any ) Tj ET Q q 0 0 0 rg BT 536.43 302.50 Td (excess ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 290.50 Td (recorded ) Tj ET Q q 0 0 0 rg BT 86.98 290.50 Td (as ) Tj ET Q q 0 0 0 rg BT 97.81 290.50 Td (a ) Tj ET Q q 0 0 0 rg BT 104.74 290.50 Td (reduction ) Tj ET Q q 0 0 0 rg BT 145.01 290.50 Td (to ) Tj ET Q q 0 0 0 rg BT 155.29 290.50 Td (retained ) Tj ET Q q 0 0 0 rg BT 189.99 290.50 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 228.87 290.50 Td (For ) Tj ET Q q 0 0 0 rg BT 245.26 290.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 287.75 290.50 Td (information, ) Tj ET Q q 0 0 0 rg BT 339.96 290.50 Td (see) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 352.73 290.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 355.23 290.50 Td (Note ) Tj ET Q q 0 0 0 rg BT 376.61 290.50 Td (5.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 384.11 290.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 386.61 290.50 Td (Equity ) Tj ET Q q 0 0 0 rg BT 415.22 290.50 Td (and ) Tj ET Q q 0 0 0 rg BT 432.72 290.50 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 471.89 290.50 Td (Per ) Tj ET Q q 0 0 0 rg BT 488.83 290.50 Td (Shar) Tj ET Q q 0 0 0 rg BT 507.35 290.50 Td (e ) Tj ET Q q 0 0 0 rg BT 514.29 290.50 Td (\("EPS"\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.56 290.50 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 272.50 Td (Use ) Tj ET Q q 0 0 0 rg BT 67.55 272.50 Td (of ) Tj ET Q q 0 0 0 rg BT 78.38 272.50 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 254.50 Td (The ) Tj ET Q q 0 0 0 rg BT 76.11 254.50 Td (preparation ) Tj ET Q q 0 0 0 rg BT 123.71 254.50 Td (of ) Tj ET Q q 0 0 0 rg BT 134.10 254.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 171.14 254.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 215.42 254.50 Td (requires ) Tj ET Q q 0 0 0 rg BT 249.69 254.50 Td (us ) Tj ET Q q 0 0 0 rg BT 260.64 254.50 Td (to ) Tj ET Q q 0 0 0 rg BT 270.48 254.50 Td (make ) Tj ET Q q 0 0 0 rg BT 294.20 254.50 Td (estimates ) Tj ET Q q 0 0 0 rg BT 333.48 254.50 Td (and ) Tj ET Q q 0 0 0 rg BT 349.98 254.50 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 401.49 254.50 Td (that ) Tj ET Q q 0 0 0 rg BT 418.55 254.50 Td (af) Tj ET Q q 0 0 0 rg BT 426.13 254.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 443.18 254.50 Td (the ) Tj ET Q q 0 0 0 rg BT 457.46 254.50 Td (reported ) Tj ET Q q 0 0 0 rg BT 492.84 254.50 Td (amounts ) Tj ET Q q 0 0 0 rg BT 528.79 254.50 Td (of ) Tj ET Q q 0 0 0 rg BT 539.18 254.50 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 242.50 Td (or ) Tj ET Q q 0 0 0 rg BT 60.07 242.50 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 99.53 242.50 Td (and ) Tj ET Q q 0 0 0 rg BT 116.21 242.50 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 159.00 242.50 Td (of ) Tj ET Q q 0 0 0 rg BT 169.58 242.50 Td (contingent ) Tj ET Q q 0 0 0 rg BT 214.03 242.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 239.60 242.50 Td (and ) Tj ET Q q 0 0 0 rg BT 256.28 242.50 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 295.74 242.50 Td (at ) Tj ET Q q 0 0 0 rg BT 305.20 242.50 Td (the ) Tj ET Q q 0 0 0 rg BT 319.66 242.50 Td (date ) Tj ET Q q 0 0 0 rg BT 338.56 242.50 Td (of ) Tj ET Q q 0 0 0 rg BT 349.13 242.50 Td (the ) Tj ET Q q 0 0 0 rg BT 363.59 242.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 416.38 242.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 453.60 242.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 498.06 242.50 Td (and ) Tj ET Q q 0 0 0 rg BT 514.74 242.50 Td (the ) Tj ET Q q 0 0 0 rg BT 529.20 242.50 Td (reported ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 230.50 Td (amounts ) Tj ET Q q 0 0 0 rg BT 85.24 230.50 Td (of ) Tj ET Q q 0 0 0 rg BT 95.43 230.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 128.93 230.50 Td (and ) Tj ET Q q 0 0 0 rg BT 145.22 230.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 179.28 230.50 Td (during ) Tj ET Q q 0 0 0 rg BT 207.24 230.50 Td (the ) Tj ET Q q 0 0 0 rg BT 221.31 230.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 259.82 230.50 Td (period. ) Tj ET Q q 0 0 0 rg BT 289.32 230.50 Td (Actual ) Tj ET Q q 0 0 0 rg BT 317.83 230.50 Td (results ) Tj ET Q q 0 0 0 rg BT 345.79 230.50 Td (could ) Tj ET Q q 0 0 0 rg BT 369.86 230.50 Td (dif) Tj ET Q q 0 0 0 rg BT 380.79 230.50 Td (fer ) Tj ET Q q 0 0 0 rg BT 393.74 230.50 Td (from ) Tj ET Q q 0 0 0 rg BT 415.03 230.50 Td (those ) Tj ET Q q 0 0 0 rg BT 438.00 230.50 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 479.56 230.50 Td (Significant ) Tj ET Q q 0 0 0 rg BT 525.30 230.50 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 218.50 Td (include: ) Tj ET Q q 0 0 0 rg BT 83.48 218.50 Td (useful ) Tj ET Q q 0 0 0 rg BT 109.70 218.50 Td (lives ) Tj ET Q q 0 0 0 rg BT 130.35 218.50 Td (of ) Tj ET Q q 0 0 0 rg BT 140.46 218.50 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 183.33 218.50 Td (assets, ) Tj ET Q q 0 0 0 rg BT 210.94 218.50 Td (asset ) Tj ET Q q 0 0 0 rg BT 232.15 218.50 Td (retirement ) Tj ET Q q 0 0 0 rg BT 275.01 218.50 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 323.72 218.50 Td (construction ) Tj ET Q q 0 0 0 rg BT 374.93 218.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 408.91 218.50 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 450.39 218.50 Td (unbilled ) Tj ET Q q 0 0 0 rg BT 484.94 218.50 Td (service ) Tj ET Q q 0 0 0 rg BT 515.03 218.50 Td (receivables, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 206.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 65.30 206.50 Td (value ) Tj ET Q q 0 0 0 rg BT 88.87 206.50 Td (of ) Tj ET Q q 0 0 0 rg BT 99.12 206.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 136.02 206.50 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 187.11 206.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 202.91 206.50 Td (value ) Tj ET Q q 0 0 0 rg BT 226.48 206.50 Td (of ) Tj ET Q q 0 0 0 rg BT 236.73 206.50 Td (the ) Tj ET Q q 0 0 0 rg BT 250.87 206.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 289.45 206.50 Td (units ) Tj ET Q q 0 0 0 rg BT 310.81 206.50 Td (for ) Tj ET Q q 0 0 0 rg BT 324.40 206.50 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 361.87 206.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 409.89 206.50 Td (analysis, ) Tj ET Q q 0 0 0 rg BT 446.53 206.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 462.33 206.50 Td (value ) Tj ET Q q 0 0 0 rg BT 485.90 206.50 Td (of ) Tj ET Q q 0 0 0 rg BT 496.15 206.50 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 539.18 206.50 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 194.50 Td (for ) Tj ET Q q 0 0 0 rg BT 64.11 194.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 113.16 194.50 Td (analysis, ) Tj ET Q q 0 0 0 rg BT 150.83 194.50 Td (renewable ) Tj ET Q q 0 0 0 rg BT 194.86 194.50 Td (ener) Tj ET Q q 0 0 0 rg BT 211.89 194.50 Td (gy ) Tj ET Q q 0 0 0 rg BT 224.84 194.50 Td (credits, ) Tj ET Q q 0 0 0 rg BT 256.95 194.50 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 307.10 194.50 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 368.10 194.50 Td (purchase ) Tj ET Q q 0 0 0 rg BT 406.58 194.50 Td (accounting ) Tj ET Q q 0 0 0 rg BT 453.41 194.50 Td (allocations, ) Tj ET Q q 0 0 0 rg BT 502.18 194.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 522.90 194.50 Td (flows ) Tj ET Q q 0 0 0 rg BT 548.07 194.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 182.50 Td (taxable ) Tj ET Q q 0 0 0 rg BT 80.38 182.50 Td (income ) Tj ET Q q 0 0 0 rg BT 111.83 182.50 Td (from ) Tj ET Q q 0 0 0 rg BT 133.28 182.50 Td (future ) Tj ET Q q 0 0 0 rg BT 159.17 182.50 Td (operations, ) Tj ET Q q 0 0 0 rg BT 205.33 182.50 Td (deferred ) Tj ET Q q 0 0 0 rg BT 240.65 182.50 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 265.71 182.50 Td (allowances ) Tj ET Q q 0 0 0 rg BT 312.15 182.50 Td (for ) Tj ET Q q 0 0 0 rg BT 325.82 182.50 Td (uncollectible ) Tj ET Q q 0 0 0 rg BT 379.48 182.50 Td (receivables, ) Tj ET Q q 0 0 0 rg BT 428.96 182.50 Td (and ) Tj ET Q q 0 0 0 rg BT 445.41 182.50 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 484.64 182.50 Td (related ) Tj ET Q q 0 0 0 rg BT 513.85 182.50 Td (to ) Tj ET Q q 0 0 0 rg BT 523.64 182.50 Td (employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 170.50 Td (medical ) Tj ET Q q 0 0 0 rg BT 83.65 170.50 Td (benefit ) Tj ET Q q 0 0 0 rg BT 113.91 170.50 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 163.36 170.50 Td (workers) Tj ET Q q 0 0 0 rg BT 198.16 170.50 Td ( ) Tj ET Q q 0 0 0 rg BT 200.66 170.50 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 261.20 170.50 Td (severance ) Tj ET Q q 0 0 0 rg BT 303.11 170.50 Td (and ) Tj ET Q q 0 0 0 rg BT 320.05 170.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 349.75 170.50 Td (litigation.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 152.50 Td (Reclassifications ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 134.50 Td (Certain ) Tj ET Q q 0 0 0 rg BT 90.63 134.50 Td (amounts ) Tj ET Q q 0 0 0 rg BT 127.22 134.50 Td (have ) Tj ET Q q 0 0 0 rg BT 148.79 134.50 Td (been ) Tj ET Q q 0 0 0 rg BT 170.37 134.50 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 218.60 134.50 Td (in ) Tj ET Q q 0 0 0 rg BT 229.07 134.50 Td (our ) Tj ET Q q 0 0 0 rg BT 245.10 134.50 Td (prior ) Tj ET Q q 0 0 0 rg BT 267.24 134.50 Td (period ) Tj ET Q q 0 0 0 rg BT 295.48 134.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 348.72 134.50 Td (balance ) Tj ET Q q 0 0 0 rg BT 381.95 134.50 Td (sheet ) Tj ET Q q 0 0 0 rg BT 405.19 134.50 Td (to ) Tj ET Q q 0 0 0 rg BT 415.67 134.50 Td (conform ) Tj ET Q q 0 0 0 rg BT 452.25 134.50 Td (to ) Tj ET Q q 0 0 0 rg BT 462.72 134.50 Td (current ) Tj ET Q q 0 0 0 rg BT 493.73 134.50 Td (year ) Tj ET Q q 0 0 0 rg BT 513.64 134.50 Td (presentation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 122.50 Td (and ) Tj ET Q q 0 0 0 rg BT 66.23 122.50 Td (such ) Tj ET Q q 0 0 0 rg BT 86.84 122.50 Td (amounts ) Tj ET Q q 0 0 0 rg BT 123.02 122.50 Td (were ) Tj ET Q q 0 0 0 rg BT 144.73 122.50 Td (not ) Tj ET Q q 0 0 0 rg BT 159.80 122.50 Td (material ) Tj ET Q q 0 0 0 rg BT 194.85 122.50 Td (to ) Tj ET Q q 0 0 0 rg BT 204.91 122.50 Td (current ) Tj ET Q q 0 0 0 rg BT 235.52 122.50 Td (and ) Tj ET Q q 0 0 0 rg BT 252.24 122.50 Td (prior ) Tj ET Q q 0 0 0 rg BT 273.97 122.50 Td (periods. ) Tj ET Q q 0 0 0 rg BT 308.19 122.50 Td (During ) Tj ET Q q 0 0 0 rg BT 338.81 122.50 Td (the ) Tj ET Q q 0 0 0 rg BT 353.32 122.50 Td (year ) Tj ET Q q 0 0 0 rg BT 372.81 122.50 Td (endedDecember31, ) Tj ET Q q 0 0 0 rg BT 457.56 122.50 Td (2016, ) Tj ET Q q 0 0 0 rg BT 482.35 122.50 Td (we ) Tj ET Q q 0 0 0 rg BT 496.29 122.50 Td (concluded ) Tj ET Q q 0 0 0 rg BT 539.68 122.50 Td (that ) Tj ET Q q 0 0 0 rg BT 556.96 122.50 Td (it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 110.50 Td (was ) Tj ET Q q 0 0 0 rg BT 68.42 110.50 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 117.33 110.50 Td (to ) Tj ET Q q 0 0 0 rg BT 128.47 110.50 Td (include ) Tj ET Q q 0 0 0 rg BT 161.28 110.50 Td (Net ) Tj ET Q q 0 0 0 rg BT 179.09 110.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 211.89 110.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 247.47 110.50 Td (on ) Tj ET Q q 0 0 0 rg BT 260.84 110.50 Td (project ) Tj ET Q q 0 0 0 rg BT 291.97 110.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 312.56 110.50 Td (within ) Tj ET Q q 0 0 0 rg BT 341.49 110.50 Td (Interest ) Tj ET Q q 0 0 0 rg BT 374.84 110.50 Td (expense, ) Tj ET Q q 0 0 0 rg BT 412.92 110.50 Td (net ) Tj ET Q q 0 0 0 rg BT 428.51 110.50 Td (on ) Tj ET Q q 0 0 0 rg BT 441.88 110.50 Td (our ) Tj ET Q q 0 0 0 rg BT 458.58 110.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 512.49 110.50 Td (statement ) Tj ET Q q 0 0 0 rg BT 554.18 110.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 98.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 92.67 98.50 Td (because ) Tj ET Q q 0 0 0 rg BT 125.83 98.50 Td (such ) Tj ET Q q 0 0 0 rg BT 145.67 98.50 Td (amounts ) Tj ET Q q 0 0 0 rg BT 181.07 98.50 Td (were ) Tj ET Q q 0 0 0 rg BT 202.01 98.50 Td (deemed ) Tj ET Q q 0 0 0 rg BT 234.62 98.50 Td (immaterial. ) Tj ET Q q 0 0 0 rg BT 281.95 98.50 Td (Previously) Tj ET Q q 0 0 0 rg BT 324.08 98.50 Td (, ) Tj ET Q q 0 0 0 rg BT 328.09 98.50 Td (Net ) Tj ET Q q 0 0 0 rg BT 344.05 98.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 374.99 98.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 408.71 98.50 Td (on ) Tj ET Q q 0 0 0 rg BT 420.23 98.50 Td (project ) Tj ET Q q 0 0 0 rg BT 449.50 98.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 468.24 98.50 Td (was ) Tj ET Q q 0 0 0 rg BT 485.30 98.50 Td (reported ) Tj ET Q q 0 0 0 rg BT 520.13 98.50 Td (separately) Tj ET Q q 0 0 0 rg BT 560.01 98.50 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 86.50 Td (as ) Tj ET Q q 0 0 0 rg BT 60.29 86.50 Td (a ) Tj ET Q q 0 0 0 rg BT 67.20 86.50 Td (component ) Tj ET Q q 0 0 0 rg BT 114.10 86.50 Td (of ) Tj ET Q q 0 0 0 rg BT 124.89 86.50 Td (Operating ) Tj ET Q q 0 0 0 rg BT 167.34 86.50 Td (expense. ) Tj ET Q q 0 0 0 rg BT 204.51 86.50 Td (For ) Tj ET Q q 0 0 0 rg BT 220.87 86.50 Td (the ) Tj ET Q q 0 0 0 rg BT 235.55 86.50 Td (years ) Tj ET Q q 0 0 0 rg BT 259.12 86.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 285.46 86.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 344.01 86.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 366.47 86.50 Td (and ) Tj ET Q q 0 0 0 rg BT 383.37 86.50 Td (2014, ) Tj ET Q q 0 0 0 rg BT 408.34 86.50 Td (Net ) Tj ET Q q 0 0 0 rg BT 425.24 86.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 457.14 86.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 491.81 86.50 Td (on ) Tj ET Q q 0 0 0 rg BT 504.28 86.50 Td (project ) Tj ET Q q 0 0 0 rg BT 534.51 86.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 554.19 86.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 74.50 Td ($9 ) Tj ET Q q 0 0 0 rg BT 61.73 74.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.63 74.50 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.06 74.50 Td ($10 ) Tj ET Q q 0 0 0 rg BT 127.30 74.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.19 74.50 Td (, ) Tj ET Q q 0 0 0 rg BT 160.92 74.50 Td (respectively) Tj ET Q q 0 0 0 rg BT 208.58 74.50 Td (, ) Tj ET Q q 0 0 0 rg BT 213.32 74.50 Td (was ) Tj ET Q q 0 0 0 rg BT 231.10 74.50 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 278.87 74.50 Td (to ) Tj ET Q q 0 0 0 rg BT 288.88 74.50 Td (Interest ) Tj ET Q q 0 0 0 rg BT 321.10 74.50 Td (expense, ) Tj ET Q q 0 0 0 rg BT 358.04 74.50 Td (net ) Tj ET Q q 0 0 0 rg BT 372.49 74.50 Td (on ) Tj ET Q q 0 0 0 rg BT 384.73 74.50 Td (our ) Tj ET Q q 0 0 0 rg BT 400.29 74.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 453.07 74.50 Td (statement ) Tj ET Q q 0 0 0 rg BT 493.62 74.50 Td (of ) Tj ET Q q 0 0 0 rg BT 504.19 74.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 548.07 74.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 62.50 Td (as ) Tj ET Q q 0 0 0 rg BT 60.33 62.50 Td (a ) Tj ET Q q 0 0 0 rg BT 67.27 62.50 Td (result, ) Tj ET Q q 0 0 0 rg BT 94.49 62.50 Td (Operating ) Tj ET Q q 0 0 0 rg BT 136.97 62.50 Td (income ) Tj ET Q q 0 0 0 rg BT 168.90 62.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 209.16 62.50 Td (accordingly ) Tj ET Q q 0 0 0 rg BT 258.86 62.50 Td (for ) Tj ET Q q 0 0 0 rg BT 273.02 62.50 Td (those ) Tj ET Q q 0 0 0 rg BT 296.63 62.50 Td (periods. ) Tj ET Q endstream endobj 153 0 obj <>] /Rotate 0 /Contents 154 0 R>> endobj 154 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 29.10 Td (76) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 726.75 Td (Change in Estimate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 711.75 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 95.68 711.75 Td (under ) Tj ET Q q 0 0 0 rg BT 120.65 711.75 Td (our ) Tj ET Q q 0 0 0 rg BT 136.18 711.75 Td (Durham ) Tj ET Q q 0 0 0 rg BT 170.82 711.75 Td (Y) Tj ET Q q 0 0 0 rg BT 177.04 711.75 Td (ork ) Tj ET Q q 0 0 0 rg BT 192.57 711.75 Td (construction ) Tj ET Q q 0 0 0 rg BT 244.20 711.75 Td (contract ) Tj ET Q q 0 0 0 rg BT 278.60 711.75 Td (is ) Tj ET Q q 0 0 0 rg BT 287.47 711.75 Td (recognized ) Tj ET Q q 0 0 0 rg BT 333.53 711.75 Td (using ) Tj ET Q q 0 0 0 rg BT 357.40 711.75 Td (the ) Tj ET Q q 0 0 0 rg BT 371.82 711.75 Td (percentage-of-completion ) Tj ET Q q 0 0 0 rg BT 477.30 711.75 Td (method, ) Tj ET Q q 0 0 0 rg BT 511.99 711.75 Td (measured ) Tj ET Q q 0 0 0 rg BT 552.51 711.75 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 699.75 Td (the ) Tj ET Q q 0 0 0 rg BT 64.08 699.75 Td (cost-to-cost ) Tj ET Q q 0 0 0 rg BT 113.09 699.75 Td (method. ) Tj ET Q q 0 0 0 rg BT 147.78 699.75 Td (W) Tj ET Q q 0 0 0 rg BT 156.41 699.75 Td (e ) Tj ET Q q 0 0 0 rg BT 163.21 699.75 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 198.88 699.75 Td (the ) Tj ET Q q 0 0 0 rg BT 213.46 699.75 Td (estimate ) Tj ET Q q 0 0 0 rg BT 249.14 699.75 Td (of ) Tj ET Q q 0 0 0 rg BT 259.83 699.75 Td (our ) Tj ET Q q 0 0 0 rg BT 275.52 699.75 Td (total ) Tj ET Q q 0 0 0 rg BT 295.65 699.75 Td (construction ) Tj ET Q q 0 0 0 rg BT 347.45 699.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 369.81 699.75 Td (for ) Tj ET Q q 0 0 0 rg BT 383.83 699.75 Td (the ) Tj ET Q q 0 0 0 rg BT 398.40 699.75 Td (contract ) Tj ET Q q 0 0 0 rg BT 432.96 699.75 Td (throughout ) Tj ET Q q 0 0 0 rg BT 479.21 699.75 Td (the ) Tj ET Q q 0 0 0 rg BT 493.79 699.75 Td (life ) Tj ET Q q 0 0 0 rg BT 509.47 699.75 Td (of ) Tj ET Q q 0 0 0 rg BT 520.16 699.75 Td (the ) Tj ET Q q 0 0 0 rg BT 534.74 699.75 Td (project ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 687.75 Td (and ) Tj ET Q q 0 0 0 rg BT 66.34 687.75 Td (make ) Tj ET Q q 0 0 0 rg BT 90.39 687.75 Td (revisions ) Tj ET Q q 0 0 0 rg BT 128.90 687.75 Td (to ) Tj ET Q q 0 0 0 rg BT 139.08 687.75 Td (our ) Tj ET Q q 0 0 0 rg BT 154.81 687.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 195.53 687.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 217.93 687.75 Td (as ) Tj ET Q q 0 0 0 rg BT 228.66 687.75 Td (necessary) Tj ET Q q 0 0 0 rg BT 266.88 687.75 Td (. ) Tj ET Q q 0 0 0 rg BT 271.78 687.75 Td (During ) Tj ET Q q 0 0 0 rg BT 302.51 687.75 Td (the ) Tj ET Q q 0 0 0 rg BT 317.12 687.75 Td (year ) Tj ET Q q 0 0 0 rg BT 336.73 687.75 Td (ended ) Tj ET Q q 0 0 0 rg BT 363.01 687.75 Td (December ) Tj ET Q q 0 0 0 rg BT 406.49 687.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 421.39 687.75 Td (2015, ) Tj ET Q q 0 0 0 rg BT 446.29 687.75 Td (we ) Tj ET Q q 0 0 0 rg BT 460.35 687.75 Td (reduced ) Tj ET Q q 0 0 0 rg BT 494.40 687.75 Td (our ) Tj ET Q q 0 0 0 rg BT 510.13 687.75 Td (overall ) Tj ET Q q 0 0 0 rg BT 540.29 687.75 Td (profit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 675.75 Td (estimate ) Tj ET Q q 0 0 0 rg BT 84.15 675.75 Td (related ) Tj ET Q q 0 0 0 rg BT 112.67 675.75 Td (to ) Tj ET Q q 0 0 0 rg BT 121.78 675.75 Td (this ) Tj ET Q q 0 0 0 rg BT 137.55 675.75 Td (construction ) Tj ET Q q 0 0 0 rg BT 188.31 675.75 Td (project ) Tj ET Q q 0 0 0 rg BT 217.40 675.75 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.73 675.75 Td ($20 ) Tj ET Q q 0 0 0 rg BT 245.05 675.75 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.94 675.75 Td (. ) Tj ET Q q 0 0 0 rg BT 277.67 675.75 Td (The ) Tj ET Q q 0 0 0 rg BT 294.55 675.75 Td (project ) Tj ET Q q 0 0 0 rg BT 323.64 675.75 Td (was ) Tj ET Q q 0 0 0 rg BT 340.51 675.75 Td (completed ) Tj ET Q q 0 0 0 rg BT 383.49 675.75 Td (in ) Tj ET Q q 0 0 0 rg BT 392.59 675.75 Td (2015 ) Tj ET Q q 0 0 0 rg BT 413.92 675.75 Td (and ) Tj ET Q q 0 0 0 rg BT 429.68 675.75 Td (no ) Tj ET Q q 0 0 0 rg BT 441.01 675.75 Td (further ) Tj ET Q q 0 0 0 rg BT 469.54 675.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 513.08 675.75 Td (construction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 663.75 Td (expenses ) Tj ET Q q 0 0 0 rg BT 87.45 663.75 Td (were ) Tj ET Q q 0 0 0 rg BT 108.73 663.75 Td (incurred ) Tj ET Q q 0 0 0 rg BT 143.89 663.75 Td (related ) Tj ET Q q 0 0 0 rg BT 172.94 663.75 Td (to ) Tj ET Q q 0 0 0 rg BT 182.57 663.75 Td (this ) Tj ET Q q 0 0 0 rg BT 198.87 663.75 Td (project. ) Tj ET Q q 0 0 0 rg BT 230.85 663.75 Td (W) Tj ET Q q 0 0 0 rg BT 239.49 663.75 Td (e ) Tj ET Q q 0 0 0 rg BT 245.77 663.75 Td (are ) Tj ET Q q 0 0 0 rg BT 259.83 663.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 297.77 663.75 Td (seeking ) Tj ET Q q 0 0 0 rg BT 330.17 663.75 Td (to ) Tj ET Q q 0 0 0 rg BT 339.80 663.75 Td (resolve ) Tj ET Q q 0 0 0 rg BT 370.53 663.75 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 419.04 663.75 Td (disputes ) Tj ET Q q 0 0 0 rg BT 453.67 663.75 Td (with ) Tj ET Q q 0 0 0 rg BT 473.30 663.75 Td (our ) Tj ET Q q 0 0 0 rg BT 488.48 663.75 Td (primary ) Tj ET Q q 0 0 0 rg BT 521.98 663.75 Td (contractor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 651.75 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 651.75 Td (the ) Tj ET Q q 0 0 0 rg BT 78.38 651.75 Td (Durham-Y) Tj ET Q q 0 0 0 rg BT 120.70 651.75 Td (ork ) Tj ET Q q 0 0 0 rg BT 136.53 651.75 Td (construction ) Tj ET Q q 0 0 0 rg BT 188.46 651.75 Td (project, ) Tj ET Q q 0 0 0 rg BT 221.22 651.75 Td (for ) Tj ET Q q 0 0 0 rg BT 235.38 651.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 277.87 651.75 Td (information ) Tj ET Q q 0 0 0 rg BT 327.59 651.75 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 342.85 651.75 Td (Note ) Tj ET Q q 0 0 0 rg BT 364.24 651.75 Td (18. ) Tj ET Q q 0 0 0 rg BT 379.24 651.75 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 436.74 651.75 Td (and ) Tj ET Q q 0 0 0 rg BT 454.24 651.75 Td (Contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.45 651.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 633.75 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 111.26 633.75 Td (onouncements Recently ) Tj ET Q q 0 0 0 rg BT 214.03 633.75 Td (Adopted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 616.75 Td (Ef) Tj ET Q q 0 0 0 rg BT 67.76 616.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 97.87 616.75 Td (January ) Tj ET Q q 0 0 0 rg BT 131.88 616.75 Td (1, ) Tj ET Q q 0 0 0 rg BT 142.30 616.75 Td (2016, ) Tj ET Q q 0 0 0 rg BT 167.71 616.75 Td (we ) Tj ET Q q 0 0 0 rg BT 182.28 616.75 Td (adopted ) Tj ET Q q 0 0 0 rg BT 216.85 616.75 Td (guidance ) Tj ET Q q 0 0 0 rg BT 255.86 616.75 Td (concerning ) Tj ET Q q 0 0 0 rg BT 303.19 616.75 Td (the ) Tj ET Q q 0 0 0 rg BT 318.32 616.75 Td (presentation ) Tj ET Q q 0 0 0 rg BT 370.11 616.75 Td (of ) Tj ET Q q 0 0 0 rg BT 381.35 616.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 401.48 616.75 Td (issuance ) Tj ET Q q 0 0 0 rg BT 438.27 616.75 Td (costs, ) Tj ET Q q 0 0 0 rg BT 463.68 616.75 Td (which ) Tj ET Q q 0 0 0 rg BT 491.03 616.75 Td (are ) Tj ET Q q 0 0 0 rg BT 506.15 616.75 Td (required ) Tj ET Q q 0 0 0 rg BT 542.38 616.75 Td (to ) Tj ET Q q 0 0 0 rg BT 553.07 616.75 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 604.75 Td (presented ) Tj ET Q q 0 0 0 rg BT 90.71 604.75 Td (as ) Tj ET Q q 0 0 0 rg BT 101.94 604.75 Td (a ) Tj ET Q q 0 0 0 rg BT 109.28 604.75 Td (direct ) Tj ET Q q 0 0 0 rg BT 134.94 604.75 Td (reduction ) Tj ET Q q 0 0 0 rg BT 175.60 604.75 Td (from ) Tj ET Q q 0 0 0 rg BT 197.94 604.75 Td (the ) Tj ET Q q 0 0 0 rg BT 213.05 604.75 Td (carrying ) Tj ET Q q 0 0 0 rg BT 249.27 604.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 282.16 604.75 Td (of ) Tj ET Q q 0 0 0 rg BT 293.39 604.75 Td (the ) Tj ET Q q 0 0 0 rg BT 308.50 604.75 Td (related ) Tj ET Q q 0 0 0 rg BT 338.60 604.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 358.72 604.75 Td (liability) Tj ET Q q 0 0 0 rg BT 389.18 604.75 Td (. ) Tj ET Q q 0 0 0 rg BT 394.36 604.75 Td (W) Tj ET Q q 0 0 0 rg BT 403.00 604.75 Td (e ) Tj ET Q q 0 0 0 rg BT 410.34 604.75 Td (adopted ) Tj ET Q q 0 0 0 rg BT 444.89 604.75 Td (this ) Tj ET Q q 0 0 0 rg BT 462.24 604.75 Td (guidance ) Tj ET Q q 0 0 0 rg BT 501.23 604.75 Td (retrospectively) Tj ET Q q 0 0 0 rg BT 560.00 604.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 592.75 Td (which ) Tj ET Q q 0 0 0 rg BT 77.08 592.75 Td (resulted ) Tj ET Q q 0 0 0 rg BT 111.88 592.75 Td (in ) Tj ET Q q 0 0 0 rg BT 122.80 592.75 Td (a ) Tj ET Q q 0 0 0 rg BT 130.38 592.75 Td (reduction ) Tj ET Q q 0 0 0 rg BT 171.28 592.75 Td (in ) Tj ET Q q 0 0 0 rg BT 182.21 592.75 Td (our ) Tj ET Q q 0 0 0 rg BT 198.68 592.75 Td (December ) Tj ET Q q 0 0 0 rg BT 242.90 592.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 258.55 592.75 Td (2015 ) Tj ET Q q 0 0 0 rg BT 281.69 592.75 Td (current ) Tj ET Q q 0 0 0 rg BT 313.15 592.75 Td (and ) Tj ET Q q 0 0 0 rg BT 330.73 592.75 Td (non-current ) Tj ET Q q 0 0 0 rg BT 380.51 592.75 Td (asset ) Tj ET Q q 0 0 0 rg BT 403.09 592.75 Td (balances ) Tj ET Q q 0 0 0 rg BT 440.66 592.75 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.49 592.75 Td ($5 ) Tj ET Q q 0 0 0 rg BT 464.63 592.75 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.52 592.75 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.96 592.75 Td ($20 ) Tj ET Q q 0 0 0 rg BT 531.10 592.75 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 592.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 580.75 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 580.75 Td (, ) Tj ET Q q 0 0 0 rg BT 101.97 580.75 Td (along ) Tj ET Q q 0 0 0 rg BT 126.50 580.75 Td (with ) Tj ET Q q 0 0 0 rg BT 146.59 580.75 Td (a ) Tj ET Q q 0 0 0 rg BT 153.34 580.75 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 212.86 580.75 Td (reduction ) Tj ET Q q 0 0 0 rg BT 252.93 580.75 Td (in ) Tj ET Q q 0 0 0 rg BT 263.02 580.75 Td (current ) Tj ET Q q 0 0 0 rg BT 293.65 580.75 Td (and ) Tj ET Q q 0 0 0 rg BT 310.40 580.75 Td (long-term ) Tj ET Q q 0 0 0 rg BT 352.14 580.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 371.67 580.75 Td (balances. ) Tj ET Q q 0 0 0 rg BT 410.74 580.75 Td (The ) Tj ET Q q 0 0 0 rg BT 428.60 580.75 Td (December ) Tj ET Q q 0 0 0 rg BT 471.99 580.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 486.80 580.75 Td (2015 ) Tj ET Q q 0 0 0 rg BT 509.11 580.75 Td (balance ) Tj ET Q q 0 0 0 rg BT 541.96 580.75 Td (sheet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.75 Td (includes ) Tj ET Q q 0 0 0 rg BT 85.11 568.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 114.59 568.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 136.88 568.75 Td (for ) Tj ET Q q 0 0 0 rg BT 150.82 568.75 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 180.88 568.75 Td (project ) Tj ET Q q 0 0 0 rg BT 210.93 568.75 Td (financing ) Tj ET Q q 0 0 0 rg BT 250.97 568.75 Td (within ) Tj ET Q q 0 0 0 rg BT 278.81 568.75 Td (current ) Tj ET Q q 0 0 0 rg BT 309.41 568.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 335.02 568.75 Td (for ) Tj ET Q q 0 0 0 rg BT 348.97 568.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 368.46 568.75 Td (that ) Tj ET Q q 0 0 0 rg BT 385.74 568.75 Td (has ) Tj ET Q q 0 0 0 rg BT 401.36 568.75 Td (not ) Tj ET Q q 0 0 0 rg BT 416.42 568.75 Td (yet ) Tj ET Q q 0 0 0 rg BT 430.92 568.75 Td (been ) Tj ET Q q 0 0 0 rg BT 452.08 568.75 Td (drawn ) Tj ET Q q 0 0 0 rg BT 479.35 568.75 Td (down. ) Tj ET Q q 0 0 0 rg BT 506.35 568.75 Td (For ) Tj ET Q q 0 0 0 rg BT 522.53 568.75 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 556.75 Td (information, ) Tj ET Q q 0 0 0 rg BT 101.71 556.75 Td (see) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.98 556.75 Td (Note ) Tj ET Q q 0 0 0 rg BT 138.37 556.75 Td (1) Tj ET Q q 0 0 0 rg BT 142.63 556.75 Td (1.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 150.13 556.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 152.63 556.75 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 208.46 556.75 Td (Debt) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 227.90 556.75 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.40 556.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 539.75 Td (Ef) Tj ET Q q 0 0 0 rg BT 67.76 539.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 97.69 539.75 Td (January ) Tj ET Q q 0 0 0 rg BT 131.52 539.75 Td (1, ) Tj ET Q q 0 0 0 rg BT 141.75 539.75 Td (2015, ) Tj ET Q q 0 0 0 rg BT 166.99 539.75 Td (we ) Tj ET Q q 0 0 0 rg BT 181.38 539.75 Td (were ) Tj ET Q q 0 0 0 rg BT 203.54 539.75 Td (required ) Tj ET Q q 0 0 0 rg BT 239.59 539.75 Td (to ) Tj ET Q q 0 0 0 rg BT 250.10 539.75 Td (adopt ) Tj ET Q q 0 0 0 rg BT 275.05 539.75 Td (guidance ) Tj ET Q q 0 0 0 rg BT 313.87 539.75 Td (concerning ) Tj ET Q q 0 0 0 rg BT 361.03 539.75 Td (service ) Tj ET Q q 0 0 0 rg BT 392.07 539.75 Td (concession ) Tj ET Q q 0 0 0 rg BT 438.68 539.75 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 497.58 539.75 Td (The ) Tj ET Q q 0 0 0 rg BT 515.86 539.75 Td (amendment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 527.75 Td (applies ) Tj ET Q q 0 0 0 rg BT 81.55 527.75 Td (to ) Tj ET Q q 0 0 0 rg BT 93.05 527.75 Td (an ) Tj ET Q q 0 0 0 rg BT 106.22 527.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 147.71 527.75 Td (entity ) Tj ET Q q 0 0 0 rg BT 174.21 527.75 Td (of ) Tj ET Q q 0 0 0 rg BT 186.26 527.75 Td (a ) Tj ET Q q 0 0 0 rg BT 194.43 527.75 Td (service ) Tj ET Q q 0 0 0 rg BT 226.47 527.75 Td (concession ) Tj ET Q q 0 0 0 rg BT 274.07 527.75 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 327.77 527.75 Td (entered ) Tj ET Q q 0 0 0 rg BT 360.92 527.75 Td (into ) Tj ET Q q 0 0 0 rg BT 380.20 527.75 Td (with ) Tj ET Q q 0 0 0 rg BT 401.70 527.75 Td (a ) Tj ET Q q 0 0 0 rg BT 409.87 527.75 Td (public-sector ) Tj ET Q q 0 0 0 rg BT 465.79 527.75 Td (entity ) Tj ET Q q 0 0 0 rg BT 492.29 527.75 Td (grantor ) Tj ET Q q 0 0 0 rg BT 524.90 527.75 Td (when ) Tj ET Q q 0 0 0 rg BT 550.28 527.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 515.75 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 101.74 515.75 Td (meets ) Tj ET Q q 0 0 0 rg BT 127.33 515.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 156.80 515.75 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 203.07 515.75 Td (The ) Tj ET Q q 0 0 0 rg BT 220.89 515.75 Td (amendments ) Tj ET Q q 0 0 0 rg BT 273.70 515.75 Td (specify ) Tj ET Q q 0 0 0 rg BT 304.84 515.75 Td (that ) Tj ET Q q 0 0 0 rg BT 322.10 515.75 Td (such ) Tj ET Q q 0 0 0 rg BT 342.70 515.75 Td (an ) Tj ET Q q 0 0 0 rg BT 354.41 515.75 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 406.65 515.75 Td (may ) Tj ET Q q 0 0 0 rg BT 426.13 515.75 Td (not ) Tj ET Q q 0 0 0 rg BT 441.18 515.75 Td (be ) Tj ET Q q 0 0 0 rg BT 452.89 515.75 Td (accounted ) Tj ET Q q 0 0 0 rg BT 495.69 515.75 Td (for ) Tj ET Q q 0 0 0 rg BT 509.61 515.75 Td (as ) Tj ET Q q 0 0 0 rg BT 520.21 515.75 Td (a ) Tj ET Q q 0 0 0 rg BT 526.92 515.75 Td (lease ) Tj ET Q q 0 0 0 rg BT 549.17 515.75 Td (nor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 503.75 Td (should ) Tj ET Q q 0 0 0 rg BT 78.03 503.75 Td (the ) Tj ET Q q 0 0 0 rg BT 92.12 503.75 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 147.84 503.75 Td (used ) Tj ET Q q 0 0 0 rg BT 168.04 503.75 Td (in ) Tj ET Q q 0 0 0 rg BT 177.68 503.75 Td (a ) Tj ET Q q 0 0 0 rg BT 183.98 503.75 Td (service ) Tj ET Q q 0 0 0 rg BT 214.16 503.75 Td (concession ) Tj ET Q q 0 0 0 rg BT 259.90 503.75 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 311.74 503.75 Td (be ) Tj ET Q q 0 0 0 rg BT 323.04 503.75 Td (recognized ) Tj ET Q q 0 0 0 rg BT 368.77 503.75 Td (as ) Tj ET Q q 0 0 0 rg BT 378.96 503.75 Td (property) Tj ET Q q 0 0 0 rg BT 412.19 503.75 Td (, ) Tj ET Q q 0 0 0 rg BT 416.55 503.75 Td (plant ) Tj ET Q q 0 0 0 rg BT 438.41 503.75 Td (and ) Tj ET Q q 0 0 0 rg BT 454.71 503.75 Td (equipment ) Tj ET Q q 0 0 0 rg BT 498.79 503.75 Td (by ) Tj ET Q q 0 0 0 rg BT 510.66 503.75 Td (the ) Tj ET Q q 0 0 0 rg BT 524.74 503.75 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 491.75 Td (entity) Tj ET Q q 0 0 0 rg BT 71.62 491.75 Td (. ) Tj ET Q q 0 0 0 rg BT 75.46 491.75 Td (Instead, ) Tj ET Q q 0 0 0 rg BT 108.17 491.75 Td (the ) Tj ET Q q 0 0 0 rg BT 121.71 491.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 160.81 491.75 Td (entity ) Tj ET Q q 0 0 0 rg BT 184.92 491.75 Td (should ) Tj ET Q q 0 0 0 rg BT 212.92 491.75 Td (refer ) Tj ET Q q 0 0 0 rg BT 233.12 491.75 Td (to ) Tj ET Q q 0 0 0 rg BT 242.23 491.75 Td (other ) Tj ET Q q 0 0 0 rg BT 264.11 491.75 Td (guidance ) Tj ET Q q 0 0 0 rg BT 301.53 491.75 Td (to ) Tj ET Q q 0 0 0 rg BT 310.64 491.75 Td (account ) Tj ET Q q 0 0 0 rg BT 343.07 491.75 Td (for ) Tj ET Q q 0 0 0 rg BT 356.06 491.75 Td (the ) Tj ET Q q 0 0 0 rg BT 369.61 491.75 Td (arrangement, ) Tj ET Q q 0 0 0 rg BT 423.41 491.75 Td (such ) Tj ET Q q 0 0 0 rg BT 443.07 491.75 Td (as ) Tj ET Q q 0 0 0 rg BT 452.64 491.75 Td (T) Tj ET Q q 0 0 0 rg BT 458.05 491.75 Td (opic ) Tj ET Q q 0 0 0 rg BT 476.60 491.75 Td (605 ) Tj ET Q q 0 0 0 rg BT 492.93 491.75 Td (of ) Tj ET Q q 0 0 0 rg BT 502.59 491.75 Td (the ) Tj ET Q q 0 0 0 rg BT 515.85 491.75 Td (Accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 479.75 Td (Standard ) Tj ET Q q 0 0 0 rg BT 87.42 479.75 Td (Codification ) Tj ET Q q 0 0 0 rg BT 139.77 479.75 Td (- ) Tj ET Q q 0 0 0 rg BT 145.47 479.75 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 182.83 479.75 Td (Recognition. ) Tj ET Q q 0 0 0 rg BT 236.40 479.75 Td (W) Tj ET Q q 0 0 0 rg BT 245.04 479.75 Td (e ) Tj ET Q q 0 0 0 rg BT 251.85 479.75 Td (adopted ) Tj ET Q q 0 0 0 rg BT 285.87 479.75 Td (this ) Tj ET Q q 0 0 0 rg BT 302.69 479.75 Td (guidance ) Tj ET Q q 0 0 0 rg BT 341.15 479.75 Td (using ) Tj ET Q q 0 0 0 rg BT 365.19 479.75 Td (a ) Tj ET Q q 0 0 0 rg BT 372.00 479.75 Td (modified ) Tj ET Q q 0 0 0 rg BT 410.47 479.75 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 464.48 479.75 Td (approach ) Tj ET Q q 0 0 0 rg BT 503.49 479.75 Td (which ) Tj ET Q q 0 0 0 rg BT 530.30 479.75 Td (requires ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 467.75 Td (the ) Tj ET Q q 0 0 0 rg BT 64.06 467.75 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 110.83 467.75 Td (ef) Tj ET Q q 0 0 0 rg BT 118.41 467.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 135.74 467.75 Td (of ) Tj ET Q q 0 0 0 rg BT 146.41 467.75 Td (applying ) Tj ET Q q 0 0 0 rg BT 183.75 467.75 Td (this ) Tj ET Q q 0 0 0 rg BT 200.53 467.75 Td (guidance ) Tj ET Q q 0 0 0 rg BT 238.97 467.75 Td (to ) Tj ET Q q 0 0 0 rg BT 249.09 467.75 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 305.29 467.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 339.29 467.75 Td (at ) Tj ET Q q 0 0 0 rg BT 348.85 467.75 Td (the ) Tj ET Q q 0 0 0 rg BT 363.41 467.75 Td (beginning ) Tj ET Q q 0 0 0 rg BT 405.74 467.75 Td (of ) Tj ET Q q 0 0 0 rg BT 416.42 467.75 Td (the ) Tj ET Q q 0 0 0 rg BT 430.97 467.75 Td (period ) Tj ET Q q 0 0 0 rg BT 458.86 467.75 Td (of ) Tj ET Q q 0 0 0 rg BT 469.53 467.75 Td (adoption ) Tj ET Q q 0 0 0 rg BT 506.87 467.75 Td (be ) Tj ET Q q 0 0 0 rg BT 518.64 467.75 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 455.75 Td (as ) Tj ET Q q 0 0 0 rg BT 60.27 455.75 Td (an ) Tj ET Q q 0 0 0 rg BT 72.14 455.75 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 118.46 455.75 Td (to ) Tj ET Q q 0 0 0 rg BT 128.68 455.75 Td (retained ) Tj ET Q q 0 0 0 rg BT 163.32 455.75 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 201.60 455.75 Td (As ) Tj ET Q q 0 0 0 rg BT 215.15 455.75 Td (a ) Tj ET Q q 0 0 0 rg BT 222.03 455.75 Td (result, ) Tj ET Q q 0 0 0 rg BT 249.18 455.75 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 302.15 455.75 Td (deficit ) Tj ET Q q 0 0 0 rg BT 330.13 455.75 Td (as ) Tj ET Q q 0 0 0 rg BT 340.89 455.75 Td (of ) Tj ET Q q 0 0 0 rg BT 351.66 455.75 Td (January ) Tj ET Q q 0 0 0 rg BT 385.20 455.75 Td (1, ) Tj ET Q q 0 0 0 rg BT 395.14 455.75 Td (2015 ) Tj ET Q q 0 0 0 rg BT 417.57 455.75 Td (as ) Tj ET Q q 0 0 0 rg BT 428.34 455.75 Td (originally ) Tj ET Q q 0 0 0 rg BT 469.66 455.75 Td (reported ) Tj ET Q q 0 0 0 rg BT 505.42 455.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.18 455.75 Td ($15 ) Tj ET Q q 0 0 0 rg BT 533.62 455.75 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 443.75 Td (increased ) Tj ET Q q 0 0 0 rg BT 89.75 443.75 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.25 443.75 Td ($45 ) Tj ET Q q 0 0 0 rg BT 119.75 443.75 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.65 443.75 Td ( ) Tj ET Q q 0 0 0 rg BT 151.15 443.75 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.48 443.75 Td ($75 ) Tj ET Q q 0 0 0 rg BT 171.98 443.75 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.87 443.75 Td ( ) Tj ET Q q 0 0 0 rg BT 203.37 443.75 Td (reduction ) Tj ET Q q 0 0 0 rg BT 243.63 443.75 Td (of ) Tj ET Q q 0 0 0 rg BT 254.46 443.75 Td (property) Tj ET Q q 0 0 0 rg BT 287.69 443.75 Td (, ) Tj ET Q q 0 0 0 rg BT 292.69 443.75 Td (plant ) Tj ET Q q 0 0 0 rg BT 315.18 443.75 Td (and ) Tj ET Q q 0 0 0 rg BT 332.12 443.75 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 379.33 443.75 Td (net ) Tj ET Q q 0 0 0 rg BT 394.05 443.75 Td (of ) Tj ET Q q 0 0 0 rg BT 404.88 443.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 419.60 443.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.43 443.75 Td ($30 ) Tj ET Q q 0 0 0 rg BT 447.93 443.75 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.82 443.75 Td (\) ) Tj ET Q q 0 0 0 rg BT 482.65 443.75 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.93 443.75 Td ($60 ) Tj ET Q q 0 0 0 rg BT 510.43 443.75 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.32 443.75 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 428.75 Td ( ) Tj ET Q q 0 0 0 rg BT 60.28 428.75 Td (The ) Tj ET Q q 0 0 0 rg BT 77.75 428.75 Td (adoption ) Tj ET Q q 0 0 0 rg BT 114.66 428.75 Td (of ) Tj ET Q q 0 0 0 rg BT 124.91 428.75 Td (this ) Tj ET Q q 0 0 0 rg BT 141.28 428.75 Td (guidance ) Tj ET Q q 0 0 0 rg BT 179.30 428.75 Td (had ) Tj ET Q q 0 0 0 rg BT 195.66 428.75 Td (the ) Tj ET Q q 0 0 0 rg BT 209.79 428.75 Td (following ) Tj ET Q q 0 0 0 rg BT 250.60 428.75 Td (ef) Tj ET Q q 0 0 0 rg BT 258.19 428.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 275.09 428.75 Td (on ) Tj ET Q q 0 0 0 rg BT 287.01 428.75 Td (our ) Tj ET Q q 0 0 0 rg BT 302.27 428.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 354.73 428.75 Td (statement ) Tj ET Q q 0 0 0 rg BT 394.97 428.75 Td (of ) Tj ET Q q 0 0 0 rg BT 405.22 428.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 448.79 428.75 Td (for ) Tj ET Q q 0 0 0 rg BT 462.38 428.75 Td (the ) Tj ET Q q 0 0 0 rg BT 476.51 428.75 Td (year ) Tj ET Q q 0 0 0 rg BT 495.64 428.75 Td (ended ) Tj ET Q q 0 0 0 rg BT 521.44 428.75 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 64.50 416.75 Td (2015 ) Tj ET Q q 0 0 0 rg BT 87.00 416.75 Td (\(in ) Tj ET Q q 0 0 0 rg BT 100.61 416.75 Td (millions, ) Tj ET Q q 0 0 0 rg BT 138.39 416.75 Td (except ) Tj ET Q q 0 0 0 rg BT 166.99 416.75 Td (per ) Tj ET Q q 0 0 0 rg BT 182.25 416.75 Td (share ) Tj ET Q q 0 0 0 rg BT 205.85 416.75 Td (amounts\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 78.00 372.25 345.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 372.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 372.25 119.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 78.00 342.25 345.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 342.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 342.25 119.00 -15.00 re f /GS0 gs BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.35 390.98 Td (Increase \(Decrease\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.50 376.92 Td (Plant operating expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.50 376.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 376.92 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.50 361.92 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.50 361.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.80 361.97 Td (\(22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 361.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.50 346.92 Td (Income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.50 346.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.80 346.97 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 346.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.50 331.92 Td (Net income attributable to Covanta Holding Corporation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.50 331.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.80 331.97 Td (\(5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 331.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.50 316.92 Td (Basic and Diluted income per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.50 316.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.30 316.97 Td (\(0.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 316.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 295.75 Td (Ef) Tj ET Q q 0 0 0 rg BT 67.76 295.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 98.22 295.75 Td (December ) Tj ET Q q 0 0 0 rg BT 142.56 295.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 158.32 295.75 Td (2015, ) Tj ET Q q 0 0 0 rg BT 184.08 295.75 Td (we ) Tj ET Q q 0 0 0 rg BT 199.00 295.75 Td (early ) Tj ET Q q 0 0 0 rg BT 222.25 295.75 Td (adopted ) Tj ET Q q 0 0 0 rg BT 257.16 295.75 Td (the ) Tj ET Q q 0 0 0 rg BT 272.64 295.75 Td (guidance, ) Tj ET Q q 0 0 0 rg BT 314.49 295.75 Td (on ) Tj ET Q q 0 0 0 rg BT 327.75 295.75 Td (a ) Tj ET Q q 0 0 0 rg BT 335.45 295.75 Td (prospective ) Tj ET Q q 0 0 0 rg BT 384.80 295.75 Td (basis, ) Tj ET Q q 0 0 0 rg BT 410.56 295.75 Td (concerning ) Tj ET Q q 0 0 0 rg BT 458.24 295.75 Td (simplified ) Tj ET Q q 0 0 0 rg BT 502.05 295.75 Td (presentation ) Tj ET Q q 0 0 0 rg BT 554.18 295.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 283.75 Td (deferred ) Tj ET Q q 0 0 0 rg BT 85.11 283.75 Td (income ) Tj ET Q q 0 0 0 rg BT 116.85 283.75 Td (taxes ) Tj ET Q q 0 0 0 rg BT 139.70 283.75 Td (by ) Tj ET Q q 0 0 0 rg BT 152.00 283.75 Td (requiring ) Tj ET Q q 0 0 0 rg BT 190.96 283.75 Td (that ) Tj ET Q q 0 0 0 rg BT 208.26 283.75 Td (deferred ) Tj ET Q q 0 0 0 rg BT 243.87 283.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 258.39 283.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 284.02 283.75 Td (and ) Tj ET Q q 0 0 0 rg BT 300.76 283.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 340.29 283.75 Td (be ) Tj ET Q q 0 0 0 rg BT 352.03 283.75 Td (classified ) Tj ET Q q 0 0 0 rg BT 392.09 283.75 Td (as ) Tj ET Q q 0 0 0 rg BT 402.73 283.75 Td (non-current ) Tj ET Q q 0 0 0 rg BT 451.68 283.75 Td (in ) Tj ET Q q 0 0 0 rg BT 461.76 283.75 Td (the ) Tj ET Q q 0 0 0 rg BT 476.28 283.75 Td (statement ) Tj ET Q q 0 0 0 rg BT 516.90 283.75 Td (of ) Tj ET Q q 0 0 0 rg BT 527.54 283.75 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 271.75 Td (position. ) Tj ET Q q 0 0 0 rg BT 86.17 271.75 Td (Adoption ) Tj ET Q q 0 0 0 rg BT 126.44 271.75 Td (of ) Tj ET Q q 0 0 0 rg BT 137.26 271.75 Td (this ) Tj ET Q q 0 0 0 rg BT 154.19 271.75 Td (guidance ) Tj ET Q q 0 0 0 rg BT 192.78 271.75 Td (resulted ) Tj ET Q q 0 0 0 rg BT 226.92 271.75 Td (in ) Tj ET Q q 0 0 0 rg BT 237.19 271.75 Td (reclassification ) Tj ET Q q 0 0 0 rg BT 300.21 271.75 Td (of ) Tj ET Q q 0 0 0 rg BT 311.03 271.75 Td (our ) Tj ET Q q 0 0 0 rg BT 326.85 271.75 Td (net ) Tj ET Q q 0 0 0 rg BT 341.56 271.75 Td (current ) Tj ET Q q 0 0 0 rg BT 372.36 271.75 Td (deferred ) Tj ET Q q 0 0 0 rg BT 408.16 271.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 422.87 271.75 Td (asset ) Tj ET Q q 0 0 0 rg BT 444.79 271.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.62 271.75 Td ($67 ) Tj ET Q q 0 0 0 rg BT 473.11 271.75 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 271.75 Td ( ) Tj ET Q q 0 0 0 rg BT 504.49 271.75 Td (to ) Tj ET Q q 0 0 0 rg BT 514.76 271.75 Td (the ) Tj ET Q q 0 0 0 rg BT 529.46 271.75 Td (net ) Tj ET Q q 0 0 0 rg BT 544.17 271.75 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 259.75 Td (current ) Tj ET Q q 0 0 0 rg BT 80.32 259.75 Td (deferred ) Tj ET Q q 0 0 0 rg BT 116.12 259.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 130.84 259.75 Td (asset ) Tj ET Q q 0 0 0 rg BT 152.78 259.75 Td (in ) Tj ET Q q 0 0 0 rg BT 163.05 259.75 Td (our ) Tj ET Q q 0 0 0 rg BT 178.88 259.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 231.93 259.75 Td (balance ) Tj ET Q q 0 0 0 rg BT 264.96 259.75 Td (sheet ) Tj ET Q q 0 0 0 rg BT 288.01 259.75 Td (as ) Tj ET Q q 0 0 0 rg BT 298.84 259.75 Td (of ) Tj ET Q q 0 0 0 rg BT 309.67 259.75 Td (December ) Tj ET Q q 0 0 0 rg BT 353.25 259.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 368.25 259.75 Td (2015. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 230.75 Td (NOTE 2. RECENT) Tj ET Q q 0 0 0 rg BT 131.83 230.75 Td ( ) Tj ET Q q 0 0 0 rg BT 133.78 230.75 Td (ACCOUNTING PRONOUNCEMENTS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 200.75 Td (In ) Tj ET Q q 0 0 0 rg BT 69.03 200.75 Td (January ) Tj ET Q q 0 0 0 rg BT 102.34 200.75 Td (of ) Tj ET Q q 0 0 0 rg BT 112.87 200.75 Td (2017, ) Tj ET Q q 0 0 0 rg BT 137.57 200.75 Td (the ) Tj ET Q q 0 0 0 rg BT 151.99 200.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 190.92 200.75 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 239.78 200.75 Td (Standards ) Tj ET Q q 0 0 0 rg BT 281.42 200.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 308.07 200.75 Td (\("F) Tj ET Q q 0 0 0 rg BT 320.30 200.75 Td (ASB"\) ) Tj ET Q q 0 0 0 rg BT 349.37 200.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 376.57 200.75 Td (guidance ) Tj ET Q q 0 0 0 rg BT 414.87 200.75 Td (clarifying ) Tj ET Q q 0 0 0 rg BT 455.94 200.75 Td (the ) Tj ET Q q 0 0 0 rg BT 470.36 200.75 Td (definition ) Tj ET Q q 0 0 0 rg BT 511.45 200.75 Td (of ) Tj ET Q q 0 0 0 rg BT 521.98 200.75 Td (a ) Tj ET Q q 0 0 0 rg BT 528.62 200.75 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 188.75 Td (to ) Tj ET Q q 0 0 0 rg BT 59.49 188.75 Td (assist ) Tj ET Q q 0 0 0 rg BT 83.36 188.75 Td (entities ) Tj ET Q q 0 0 0 rg BT 114.45 188.75 Td (when ) Tj ET Q q 0 0 0 rg BT 138.32 188.75 Td (determining ) Tj ET Q q 0 0 0 rg BT 188.85 188.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 223.26 188.75 Td (an ) Tj ET Q q 0 0 0 rg BT 234.91 188.75 Td (integrated ) Tj ET Q q 0 0 0 rg BT 277.09 188.75 Td (set ) Tj ET Q q 0 0 0 rg BT 290.41 188.75 Td (of ) Tj ET Q q 0 0 0 rg BT 300.95 188.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 326.48 188.75 Td (and ) Tj ET Q q 0 0 0 rg BT 343.13 188.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 381.43 188.75 Td (meets ) Tj ET Q q 0 0 0 rg BT 406.97 188.75 Td (the ) Tj ET Q q 0 0 0 rg BT 421.39 188.75 Td (definition ) Tj ET Q q 0 0 0 rg BT 462.48 188.75 Td (of ) Tj ET Q q 0 0 0 rg BT 473.02 188.75 Td (a ) Tj ET Q q 0 0 0 rg BT 479.66 188.75 Td (business. ) Tj ET Q q 0 0 0 rg BT 518.10 188.75 Td (The ) Tj ET Q q 0 0 0 rg BT 535.85 188.75 Td (update ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 176.75 Td (provides ) Tj ET Q q 0 0 0 rg BT 86.31 176.75 Td (that ) Tj ET Q q 0 0 0 rg BT 103.67 176.75 Td (when ) Tj ET Q q 0 0 0 rg BT 127.70 176.75 Td (substantially ) Tj ET Q q 0 0 0 rg BT 180.61 176.75 Td (all ) Tj ET Q q 0 0 0 rg BT 192.98 176.75 Td (the ) Tj ET Q q 0 0 0 rg BT 207.56 176.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 223.80 176.75 Td (value ) Tj ET Q q 0 0 0 rg BT 247.83 176.75 Td (of ) Tj ET Q q 0 0 0 rg BT 258.52 176.75 Td (the ) Tj ET Q q 0 0 0 rg BT 273.11 176.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 298.81 176.75 Td (acquired ) Tj ET Q q 0 0 0 rg BT 335.60 176.75 Td (is ) Tj ET Q q 0 0 0 rg BT 344.63 176.75 Td (concentrated ) Tj ET Q q 0 0 0 rg BT 398.08 176.75 Td (in ) Tj ET Q q 0 0 0 rg BT 408.23 176.75 Td (a ) Tj ET Q q 0 0 0 rg BT 415.03 176.75 Td (single ) Tj ET Q q 0 0 0 rg BT 441.29 176.75 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 489.19 176.75 Td (asset ) Tj ET Q q 0 0 0 rg BT 511.00 176.75 Td (or ) Tj ET Q q 0 0 0 rg BT 521.69 176.75 Td (a ) Tj ET Q q 0 0 0 rg BT 528.50 176.75 Td (group ) Tj ET Q q 0 0 0 rg BT 554.20 176.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 164.75 Td (similar ) Tj ET Q q 0 0 0 rg BT 79.58 164.75 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 127.42 164.75 Td (assets, ) Tj ET Q q 0 0 0 rg BT 155.55 164.75 Td (the ) Tj ET Q q 0 0 0 rg BT 170.07 164.75 Td (set ) Tj ET Q q 0 0 0 rg BT 183.48 164.75 Td (is ) Tj ET Q q 0 0 0 rg BT 192.45 164.75 Td (not ) Tj ET Q q 0 0 0 rg BT 207.53 164.75 Td (a ) Tj ET Q q 0 0 0 rg BT 214.27 164.75 Td (business. ) Tj ET Q q 0 0 0 rg BT 252.96 164.75 Td () Tj ET Q q 0 0 0 rg BT 255.28 164.75 Td (The ) Tj ET Q q 0 0 0 rg BT 273.13 164.75 Td (guidance ) Tj ET Q q 0 0 0 rg BT 311.53 164.75 Td (is ) Tj ET Q q 0 0 0 rg BT 320.50 164.75 Td (ef) Tj ET Q q 0 0 0 rg BT 328.09 164.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 357.59 164.75 Td (for ) Tj ET Q q 0 0 0 rg BT 371.56 164.75 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 395.51 164.75 Td (years ) Tj ET Q q 0 0 0 rg BT 418.91 164.75 Td (beginning ) Tj ET Q q 0 0 0 rg BT 461.21 164.75 Td (after ) Tj ET Q q 0 0 0 rg BT 481.83 164.75 Td (December ) Tj ET Q q 0 0 0 rg BT 525.22 164.75 Td (15, ) Tj ET Q q 0 0 0 rg BT 540.02 164.75 Td (2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 152.75 Td (including ) Tj ET Q q 0 0 0 rg BT 89.93 152.75 Td (interim ) Tj ET Q q 0 0 0 rg BT 121.46 152.75 Td (periods ) Tj ET Q q 0 0 0 rg BT 153.56 152.75 Td (within ) Tj ET Q q 0 0 0 rg BT 181.77 152.75 Td (those ) Tj ET Q q 0 0 0 rg BT 205.53 152.75 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 229.84 152.75 Td (years. ) Tj ET Q q 0 0 0 rg BT 255.90 152.75 Td (The ) Tj ET Q q 0 0 0 rg BT 274.10 152.75 Td (adoption ) Tj ET Q q 0 0 0 rg BT 311.75 152.75 Td (of ) Tj ET Q q 0 0 0 rg BT 322.73 152.75 Td (this ) Tj ET Q q 0 0 0 rg BT 339.83 152.75 Td (new ) Tj ET Q q 0 0 0 rg BT 359.15 152.75 Td (guidance ) Tj ET Q q 0 0 0 rg BT 397.89 152.75 Td (is ) Tj ET Q q 0 0 0 rg BT 407.22 152.75 Td (not ) Tj ET Q q 0 0 0 rg BT 422.65 152.75 Td (expected ) Tj ET Q q 0 0 0 rg BT 460.84 152.75 Td (to ) Tj ET Q q 0 0 0 rg BT 471.27 152.75 Td (have ) Tj ET Q q 0 0 0 rg BT 492.80 152.75 Td (a ) Tj ET Q q 0 0 0 rg BT 499.89 152.75 Td (material ) Tj ET Q q 0 0 0 rg BT 535.30 152.75 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 140.75 Td (on ) Tj ET Q q 0 0 0 rg BT 62.00 140.75 Td (our ) Tj ET Q q 0 0 0 rg BT 77.83 140.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 130.87 140.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 168.35 140.75 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 122.75 Td (In ) Tj ET Q q 0 0 0 rg BT 68.50 122.75 Td (January ) Tj ET Q q 0 0 0 rg BT 101.28 122.75 Td (of ) Tj ET Q q 0 0 0 rg BT 111.28 122.75 Td (2017, ) Tj ET Q q 0 0 0 rg BT 135.46 122.75 Td (the ) Tj ET Q q 0 0 0 rg BT 149.35 122.75 Td (F) Tj ET Q q 0 0 0 rg BT 154.17 122.75 Td (ASB ) Tj ET Q q 0 0 0 rg BT 175.30 122.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 201.97 122.75 Td (updated ) Tj ET Q q 0 0 0 rg BT 235.30 122.75 Td (guidance ) Tj ET Q q 0 0 0 rg BT 273.07 122.75 Td (to ) Tj ET Q q 0 0 0 rg BT 282.52 122.75 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 321.41 122.75 Td (the ) Tj ET Q q 0 0 0 rg BT 335.30 122.75 Td (requirement ) Tj ET Q q 0 0 0 rg BT 385.28 122.75 Td (to ) Tj ET Q q 0 0 0 rg BT 394.74 122.75 Td (calculate ) Tj ET Q q 0 0 0 rg BT 431.94 122.75 Td (the ) Tj ET Q q 0 0 0 rg BT 445.83 122.75 Td (implied ) Tj ET Q q 0 0 0 rg BT 478.06 122.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 493.61 122.75 Td (value ) Tj ET Q q 0 0 0 rg BT 516.94 122.75 Td (of ) Tj ET Q q 0 0 0 rg BT 526.94 122.75 Td (goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 110.75 Td (to ) Tj ET Q q 0 0 0 rg BT 59.69 110.75 Td (measure ) Tj ET Q q 0 0 0 rg BT 95.43 110.75 Td (a ) Tj ET Q q 0 0 0 rg BT 102.28 110.75 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 140.25 110.75 Td (impairment ) Tj ET Q q 0 0 0 rg BT 188.77 110.75 Td (char) Tj ET Q q 0 0 0 rg BT 205.79 110.75 Td (ge ) Tj ET Q q 0 0 0 rg BT 217.65 110.75 Td (\(Step ) Tj ET Q q 0 0 0 rg BT 241.17 110.75 Td (2\). ) Tj ET Q q 0 0 0 rg BT 253.89 110.75 Td (As ) Tj ET Q q 0 0 0 rg BT 267.42 110.75 Td (a ) Tj ET Q q 0 0 0 rg BT 274.27 110.75 Td (result, ) Tj ET Q q 0 0 0 rg BT 301.40 110.75 Td (an ) Tj ET Q q 0 0 0 rg BT 313.26 110.75 Td (impairment ) Tj ET Q q 0 0 0 rg BT 361.77 110.75 Td (char) Tj ET Q q 0 0 0 rg BT 378.80 110.75 Td (ge ) Tj ET Q q 0 0 0 rg BT 390.65 110.75 Td (will ) Tj ET Q q 0 0 0 rg BT 408.63 110.75 Td (equal ) Tj ET Q q 0 0 0 rg BT 432.70 110.75 Td (the ) Tj ET Q q 0 0 0 rg BT 447.33 110.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 479.74 110.75 Td (by ) Tj ET Q q 0 0 0 rg BT 492.16 110.75 Td (which ) Tj ET Q q 0 0 0 rg BT 519.01 110.75 Td (a ) Tj ET Q q 0 0 0 rg BT 525.87 110.75 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 98.75 Td (unit) Tj ET Q q 0 0 0 rg BT 67.83 98.75 Td (s ) Tj ET Q q 0 0 0 rg BT 74.28 98.75 Td (carrying ) Tj ET Q q 0 0 0 rg BT 110.16 98.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 142.71 98.75 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 176.91 98.75 Td (its ) Tj ET Q q 0 0 0 rg BT 188.92 98.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 205.35 98.75 Td (value, ) Tj ET Q q 0 0 0 rg BT 232.07 98.75 Td (not ) Tj ET Q q 0 0 0 rg BT 247.40 98.75 Td (to ) Tj ET Q q 0 0 0 rg BT 257.74 98.75 Td (exceed ) Tj ET Q q 0 0 0 rg BT 288.05 98.75 Td (the ) Tj ET Q q 0 0 0 rg BT 302.82 98.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 335.38 98.75 Td (of ) Tj ET Q q 0 0 0 rg BT 346.26 98.75 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 384.38 98.75 Td (allocated ) Tj ET Q q 0 0 0 rg BT 423.03 98.75 Td (to ) Tj ET Q q 0 0 0 rg BT 433.36 98.75 Td (the ) Tj ET Q q 0 0 0 rg BT 448.14 98.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 487.35 98.75 Td (unit. ) Tj ET Q q 0 0 0 rg BT 507.40 98.75 Td (An ) Tj ET Q q 0 0 0 rg BT 522.18 98.75 Td (entity ) Tj ET Q q 0 0 0 rg BT 547.51 98.75 Td (still ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 86.75 Td (has ) Tj ET Q q 0 0 0 rg BT 64.53 86.75 Td (the ) Tj ET Q q 0 0 0 rg BT 78.46 86.75 Td (option ) Tj ET Q q 0 0 0 rg BT 105.72 86.75 Td (to ) Tj ET Q q 0 0 0 rg BT 115.20 86.75 Td (perform ) Tj ET Q q 0 0 0 rg BT 149.11 86.75 Td (the ) Tj ET Q q 0 0 0 rg BT 163.03 86.75 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 206.94 86.75 Td (assessment ) Tj ET Q q 0 0 0 rg BT 253.08 86.75 Td (for ) Tj ET Q q 0 0 0 rg BT 266.45 86.75 Td (a ) Tj ET Q q 0 0 0 rg BT 272.59 86.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 310.95 86.75 Td (unit ) Tj ET Q q 0 0 0 rg BT 328.21 86.75 Td (to ) Tj ET Q q 0 0 0 rg BT 337.69 86.75 Td (determine ) Tj ET Q q 0 0 0 rg BT 379.38 86.75 Td (if ) Tj ET Q q 0 0 0 rg BT 387.19 86.75 Td (the ) Tj ET Q q 0 0 0 rg BT 401.11 86.75 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 450.02 86.75 Td (impairment ) Tj ET Q q 0 0 0 rg BT 497.83 86.75 Td (test ) Tj ET Q q 0 0 0 rg BT 513.42 86.75 Td (is ) Tj ET Q q 0 0 0 rg BT 521.79 86.75 Td (necessary) Tj ET Q q 0 0 0 rg BT 560.01 86.75 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 74.75 Td (The ) Tj ET Q q 0 0 0 rg BT 67.56 74.75 Td (amendment ) Tj ET Q q 0 0 0 rg BT 116.72 74.75 Td (should ) Tj ET Q q 0 0 0 rg BT 145.90 74.75 Td (be ) Tj ET Q q 0 0 0 rg BT 157.85 74.75 Td (applied ) Tj ET Q q 0 0 0 rg BT 189.80 74.75 Td (on ) Tj ET Q q 0 0 0 rg BT 202.31 74.75 Td (a ) Tj ET Q q 0 0 0 rg BT 209.26 74.75 Td (prospective ) Tj ET Q q 0 0 0 rg BT 257.86 74.75 Td (basis.) Tj ET Q q 0 0 0 rg BT 282.68 74.75 Td (The ) Tj ET Q q 0 0 0 rg BT 300.74 74.75 Td (guidance ) Tj ET Q q 0 0 0 rg BT 339.34 74.75 Td (is ) Tj ET Q q 0 0 0 rg BT 348.52 74.75 Td (ef) Tj ET Q q 0 0 0 rg BT 356.11 74.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 385.83 74.75 Td (for ) Tj ET Q q 0 0 0 rg BT 400.00 74.75 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 438.07 74.75 Td (impairment ) Tj ET Q q 0 0 0 rg BT 486.68 74.75 Td (tests ) Tj ET Q q 0 0 0 rg BT 506.96 74.75 Td (in ) Tj ET Q q 0 0 0 rg BT 517.25 74.75 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 541.42 74.75 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 62.75 Td (beginning ) Tj ET Q q 0 0 0 rg BT 92.13 62.75 Td (after ) Tj ET Q q 0 0 0 rg BT 113.08 62.75 Td (December ) Tj ET Q q 0 0 0 rg BT 156.80 62.75 Td (15, ) Tj ET Q q 0 0 0 rg BT 171.94 62.75 Td (2019. ) Tj ET Q q 0 0 0 rg BT 197.08 62.75 Td (Early ) Tj ET Q q 0 0 0 rg BT 221.37 62.75 Td (adoption ) Tj ET Q q 0 0 0 rg BT 259.00 62.75 Td (is ) Tj ET Q q 0 0 0 rg BT 268.31 62.75 Td (permitted ) Tj ET Q q 0 0 0 rg BT 309.27 62.75 Td (for ) Tj ET Q q 0 0 0 rg BT 323.56 62.75 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 361.76 62.75 Td (impairment ) Tj ET Q q 0 0 0 rg BT 410.49 62.75 Td (tests ) Tj ET Q q 0 0 0 rg BT 430.91 62.75 Td (performed ) Tj ET Q q 0 0 0 rg BT 475.19 62.75 Td (after ) Tj ET Q q 0 0 0 rg BT 496.14 62.75 Td (January ) Tj ET Q q 0 0 0 rg BT 529.88 62.75 Td (1, ) Tj ET Q q 0 0 0 rg BT 540.01 62.75 Td (2017. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 50.75 Td (The ) Tj ET Q q 0 0 0 rg BT 67.55 50.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 97.26 50.75 Td (of ) Tj ET Q q 0 0 0 rg BT 108.09 50.75 Td (this ) Tj ET Q q 0 0 0 rg BT 125.04 50.75 Td (guidance ) Tj ET Q q 0 0 0 rg BT 163.63 50.75 Td (for ) Tj ET Q q 0 0 0 rg BT 177.79 50.75 Td (the ) Tj ET Q q 0 0 0 rg BT 192.51 50.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 233.89 50.75 Td (will ) Tj ET Q q 0 0 0 rg BT 251.95 50.75 Td (depend ) Tj ET Q q 0 0 0 rg BT 283.33 50.75 Td (on ) Tj ET Q q 0 0 0 rg BT 295.83 50.75 Td (the ) Tj ET Q q 0 0 0 rg BT 310.54 50.75 Td (outcomes ) Tj ET Q q 0 0 0 rg BT 351.37 50.75 Td (of ) Tj ET Q q 0 0 0 rg BT 362.20 50.75 Td (future ) Tj ET Q q 0 0 0 rg BT 388.58 50.75 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 426.63 50.75 Td (impairment ) Tj ET Q q 0 0 0 rg BT 475.23 50.75 Td (tests.) Tj ET Q endstream endobj 155 0 obj <>] /Rotate 0 /Contents 156 0 R>> endobj 156 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 726.10 Td (In ) Tj ET Q q 0 0 0 rg BT 69.25 726.10 Td (November ) Tj ET Q q 0 0 0 rg BT 113.89 726.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.64 726.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 149.56 726.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.21 726.10 Td (F) Tj ET Q q 0 0 0 rg BT 169.02 726.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 190.90 726.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 218.33 726.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 256.84 726.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 295.92 726.10 Td (that ) Tj ET Q q 0 0 0 rg BT 313.34 726.10 Td (a ) Tj ET Q q 0 0 0 rg BT 320.21 726.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 360.95 726.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.71 726.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 391.90 726.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 416.54 726.10 Td (explain ) Tj ET Q q 0 0 0 rg BT 448.40 726.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.04 726.10 Td (change ) Tj ET Q q 0 0 0 rg BT 493.78 726.10 Td (during ) Tj ET Q q 0 0 0 rg BT 522.32 726.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.96 726.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.10 Td (in ) Tj ET Q q 0 0 0 rg BT 58.90 714.10 Td (the ) Tj ET Q q 0 0 0 rg BT 72.74 714.10 Td (total ) Tj ET Q q 0 0 0 rg BT 92.14 714.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.09 714.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 123.98 714.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 143.37 714.10 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 193.04 714.10 Td (and ) Tj ET Q q 0 0 0 rg BT 209.10 714.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 244.61 714.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 283.43 714.10 Td (described ) Tj ET Q q 0 0 0 rg BT 323.37 714.10 Td (as ) Tj ET Q q 0 0 0 rg BT 333.32 714.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 372.15 714.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 391.54 714.10 Td (or ) Tj ET Q q 0 0 0 rg BT 401.49 714.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 440.31 714.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 459.71 714.10 Td (equivalents. ) Tj ET Q q 0 0 0 rg BT 509.25 714.10 Td (The ) Tj ET Q q 0 0 0 rg BT 526.42 714.10 Td (guidance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.04 702.10 Td (required ) Tj ET Q q 0 0 0 rg BT 93.22 702.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.86 702.10 Td (be ) Tj ET Q q 0 0 0 rg BT 114.17 702.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 147.69 702.10 Td (in ) Tj ET Q q 0 0 0 rg BT 157.34 702.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.42 702.10 Td (first ) Tj ET Q q 0 0 0 rg BT 189.39 702.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 219.58 702.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.77 702.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 251.64 702.10 Td (on ) Tj ET Q q 0 0 0 rg BT 263.51 702.10 Td (a ) Tj ET Q q 0 0 0 rg BT 269.81 702.10 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 323.32 702.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 347.27 702.10 Td (Adoption ) Tj ET Q q 0 0 0 rg BT 386.92 702.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.12 702.10 Td (this ) Tj ET Q q 0 0 0 rg BT 413.43 702.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 451.39 702.10 Td (will ) Tj ET Q q 0 0 0 rg BT 468.81 702.10 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 507.89 702.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.97 702.10 Td (disclosure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.43 690.10 Td (Change ) Tj ET Q q 0 0 0 rg BT 93.57 690.10 Td (in ) Tj ET Q q 0 0 0 rg BT 103.95 690.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 143.75 690.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 168.57 690.10 Td (held ) Tj ET Q q 0 0 0 rg BT 188.38 690.10 Td (in ) Tj ET Q q 0 0 0 rg BT 198.76 690.10 Td (trust, ) Tj ET Q q 0 0 0 rg BT 221.63 690.10 Td (which ) Tj ET Q q 0 0 0 rg BT 248.67 690.10 Td (we ) Tj ET Q q 0 0 0 rg BT 262.93 690.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 301.62 690.10 Td (include ) Tj ET Q q 0 0 0 rg BT 333.65 690.10 Td (in ) Tj ET Q q 0 0 0 rg BT 344.03 690.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 361.06 690.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 381.43 690.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 419.57 690.10 Td (by ) Tj ET Q q 0 0 0 rg BT 432.17 690.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 472.53 690.10 Td (and ) Tj ET Q q 0 0 0 rg BT 489.57 690.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 506.60 690.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 526.97 690.10 Td (provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.00 678.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 102.26 678.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 140.86 678.10 Td (on ) Tj ET Q q 0 0 0 rg BT 153.36 678.10 Td (our ) Tj ET Q q 0 0 0 rg BT 169.19 678.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 222.23 678.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 263.05 678.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.88 678.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 294.15 678.10 Td (flows. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 660.10 Td (In ) Tj ET Q q 0 0 0 rg BT 68.87 660.10 Td (October ) Tj ET Q q 0 0 0 rg BT 103.11 660.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 127.65 660.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.90 660.10 Td (F) Tj ET Q q 0 0 0 rg BT 146.72 660.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 168.21 660.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 195.25 660.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 233.38 660.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 272.08 660.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 334.65 660.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 382.23 660.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.59 660.10 Td (current ) Tj ET Q q 0 0 0 rg BT 422.95 660.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.42 660.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 474.77 660.10 Td (income ) Tj ET Q q 0 0 0 rg BT 506.24 660.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 528.82 660.10 Td (on ) Tj ET Q q 0 0 0 rg BT 540.86 660.10 Td (intra-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 648.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 75.15 648.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 97.47 648.10 Td (transfers ) Tj ET Q q 0 0 0 rg BT 134.77 648.10 Td (other ) Tj ET Q q 0 0 0 rg BT 158.20 648.10 Td (than ) Tj ET Q q 0 0 0 rg BT 178.29 648.10 Td (inventory) Tj ET Q q 0 0 0 rg BT 215.97 648.10 Td (, ) Tj ET Q q 0 0 0 rg BT 221.34 648.10 Td (which ) Tj ET Q q 0 0 0 rg BT 248.66 648.10 Td (was ) Tj ET Q q 0 0 0 rg BT 267.09 648.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 312.18 648.10 Td (prohibited. ) Tj ET Q q 0 0 0 rg BT 358.46 648.10 Td (The ) Tj ET Q q 0 0 0 rg BT 376.88 648.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 415.85 648.10 Td (now ) Tj ET Q q 0 0 0 rg BT 435.95 648.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 471.04 648.10 Td (us ) Tj ET Q q 0 0 0 rg BT 482.81 648.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.46 648.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 535.20 648.10 Td (the ) Tj ET Q q 0 0 0 rg BT 550.29 648.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 636.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 84.25 636.10 Td (from ) Tj ET Q q 0 0 0 rg BT 106.24 636.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.00 636.10 Td (intra-entity ) Tj ET Q q 0 0 0 rg BT 167.97 636.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 201.06 636.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.93 636.10 Td (an ) Tj ET Q q 0 0 0 rg BT 223.91 636.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 245.90 636.10 Td (when ) Tj ET Q q 0 0 0 rg BT 270.10 636.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.87 636.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 317.95 636.10 Td (occurs, ) Tj ET Q q 0 0 0 rg BT 349.09 636.10 Td (even ) Tj ET Q q 0 0 0 rg BT 370.52 636.10 Td (though ) Tj ET Q q 0 0 0 rg BT 400.84 636.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.60 636.10 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 446.46 636.10 Td (ef) Tj ET Q q 0 0 0 rg BT 454.05 636.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 475.47 636.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.35 636.10 Td (that ) Tj ET Q q 0 0 0 rg BT 503.89 636.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 550.31 636.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 624.10 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 94.35 624.10 Td (in ) Tj ET Q q 0 0 0 rg BT 104.76 624.10 Td (consolidation. ) Tj ET Q q 0 0 0 rg BT 163.59 624.10 Td (W) Tj ET Q q 0 0 0 rg BT 172.23 624.10 Td (e ) Tj ET Q q 0 0 0 rg BT 179.31 624.10 Td (are ) Tj ET Q q 0 0 0 rg BT 194.15 624.10 Td (required ) Tj ET Q q 0 0 0 rg BT 230.10 624.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.52 624.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 265.38 624.10 Td (this ) Tj ET Q q 0 0 0 rg BT 282.46 624.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 321.19 624.10 Td (in ) Tj ET Q q 0 0 0 rg BT 331.61 624.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.47 624.10 Td (first ) Tj ET Q q 0 0 0 rg BT 365.21 624.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 396.17 624.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.13 624.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 429.77 624.10 Td (on ) Tj ET Q q 0 0 0 rg BT 442.41 624.10 Td (a ) Tj ET Q q 0 0 0 rg BT 449.49 624.10 Td (modified ) Tj ET Q q 0 0 0 rg BT 488.23 624.10 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 542.51 624.10 Td (basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 612.10 Td (through ) Tj ET Q q 0 0 0 rg BT 84.24 612.10 Td (a ) Tj ET Q q 0 0 0 rg BT 92.30 612.10 Td (cumulative-ef) Tj ET Q q 0 0 0 rg BT 147.65 612.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 166.26 612.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 213.77 612.10 Td (to ) Tj ET Q q 0 0 0 rg BT 225.17 612.10 Td (retained ) Tj ET Q q 0 0 0 rg BT 261.00 612.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 298.51 612.10 Td (as ) Tj ET Q q 0 0 0 rg BT 310.46 612.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.42 612.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.26 612.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 381.89 612.10 Td (of ) Tj ET Q q 0 0 0 rg BT 393.84 612.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.69 612.10 Td (period ) Tj ET Q q 0 0 0 rg BT 438.86 612.10 Td (of ) Tj ET Q q 0 0 0 rg BT 450.82 612.10 Td (adoption. ) Tj ET Q q 0 0 0 rg BT 491.94 612.10 Td (Early ) Tj ET Q q 0 0 0 rg BT 517.22 612.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 555.84 612.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 600.10 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 92.64 600.10 Td (W) Tj ET Q q 0 0 0 rg BT 101.28 600.10 Td (e ) Tj ET Q q 0 0 0 rg BT 108.22 600.10 Td (are ) Tj ET Q q 0 0 0 rg BT 122.92 600.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 161.52 600.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 205.67 600.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.38 600.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 250.10 600.10 Td (this ) Tj ET Q q 0 0 0 rg BT 267.04 600.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 305.64 600.10 Td (will ) Tj ET Q q 0 0 0 rg BT 323.69 600.10 Td (have ) Tj ET Q q 0 0 0 rg BT 345.07 600.10 Td (on ) Tj ET Q q 0 0 0 rg BT 357.57 600.10 Td (our ) Tj ET Q q 0 0 0 rg BT 373.40 600.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 426.44 600.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 463.92 600.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 582.10 Td (In ) Tj ET Q q 0 0 0 rg BT 68.50 582.10 Td (August ) Tj ET Q q 0 0 0 rg BT 99.54 582.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 124.19 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.55 582.10 Td (F) Tj ET Q q 0 0 0 rg BT 143.37 582.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 164.97 582.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 192.11 582.10 Td (updated ) Tj ET Q q 0 0 0 rg BT 225.91 582.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 264.15 582.10 Td (on ) Tj ET Q q 0 0 0 rg BT 276.30 582.10 Td (eight ) Tj ET Q q 0 0 0 rg BT 298.44 582.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 331.68 582.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 351.60 582.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 372.07 582.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 398.11 582.10 Td (with ) Tj ET Q q 0 0 0 rg BT 418.03 582.10 Td (regard ) Tj ET Q q 0 0 0 rg BT 445.72 582.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.64 582.10 Td (how ) Tj ET Q q 0 0 0 rg BT 475.01 582.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 494.92 582.10 Td (receipts ) Tj ET Q q 0 0 0 rg BT 528.16 582.10 Td (and ) Tj ET Q q 0 0 0 rg BT 544.75 582.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 90.37 570.10 Td (are ) Tj ET Q q 0 0 0 rg BT 105.13 570.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 145.99 570.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.98 570.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 203.29 570.10 Td (in ) Tj ET Q q 0 0 0 rg BT 213.62 570.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.38 570.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 269.25 570.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.13 570.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 300.44 570.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 325.21 570.10 Td (in ) Tj ET Q q 0 0 0 rg BT 335.54 570.10 Td (order ) Tj ET Q q 0 0 0 rg BT 359.18 570.10 Td (to ) Tj ET Q q 0 0 0 rg BT 369.51 570.10 Td (clarify ) Tj ET Q q 0 0 0 rg BT 398.15 570.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 432.37 570.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 471.01 570.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.99 570.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 517.19 570.10 Td (diversity ) Tj ET Q q 0 0 0 rg BT 554.73 570.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.10 Td (practice. ) Tj ET Q q 0 0 0 rg BT 86.08 558.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.25 558.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 142.98 558.10 Td (is ) Tj ET Q q 0 0 0 rg BT 152.27 558.10 Td (required ) Tj ET Q q 0 0 0 rg BT 188.22 558.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.63 558.10 Td (be ) Tj ET Q q 0 0 0 rg BT 210.69 558.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 244.98 558.10 Td (in ) Tj ET Q q 0 0 0 rg BT 255.38 558.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.23 558.10 Td (first ) Tj ET Q q 0 0 0 rg BT 288.96 558.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 319.91 558.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.87 558.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 353.50 558.10 Td (on ) Tj ET Q q 0 0 0 rg BT 366.12 558.10 Td (a ) Tj ET Q q 0 0 0 rg BT 373.19 558.10 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 427.46 558.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 452.59 558.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 480.22 558.10 Td (it ) Tj ET Q q 0 0 0 rg BT 488.40 558.10 Td (is ) Tj ET Q q 0 0 0 rg BT 497.70 558.10 Td (impracticable ) Tj ET Q q 0 0 0 rg BT 554.74 558.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.10 Td (apply) Tj ET Q q 0 0 0 rg BT 71.07 546.10 Td (, ) Tj ET Q q 0 0 0 rg BT 76.80 546.10 Td (in ) Tj ET Q q 0 0 0 rg BT 87.81 546.10 Td (which ) Tj ET Q q 0 0 0 rg BT 115.47 546.10 Td (case ) Tj ET Q q 0 0 0 rg BT 135.91 546.10 Td (it ) Tj ET Q q 0 0 0 rg BT 144.70 546.10 Td (should ) Tj ET Q q 0 0 0 rg BT 174.60 546.10 Td (be ) Tj ET Q q 0 0 0 rg BT 187.27 546.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 219.93 546.10 Td (prospectively ) Tj ET Q q 0 0 0 rg BT 277.03 546.10 Td (as ) Tj ET Q q 0 0 0 rg BT 288.59 546.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.15 546.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.60 546.10 Td (earliest ) Tj ET Q q 0 0 0 rg BT 347.70 546.10 Td (date ) Tj ET Q q 0 0 0 rg BT 367.59 546.10 Td (practicable. ) Tj ET Q q 0 0 0 rg BT 417.17 546.10 Td (Early ) Tj ET Q q 0 0 0 rg BT 442.06 546.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 480.28 546.10 Td (is ) Tj ET Q q 0 0 0 rg BT 490.18 546.10 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 534.00 546.10 Td (W) Tj ET Q q 0 0 0 rg BT 542.64 546.10 Td (e ) Tj ET Q q 0 0 0 rg BT 550.31 546.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 88.09 534.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 132.24 534.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.96 534.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 176.67 534.10 Td (this ) Tj ET Q q 0 0 0 rg BT 193.62 534.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 232.21 534.10 Td (will ) Tj ET Q q 0 0 0 rg BT 250.27 534.10 Td (have ) Tj ET Q q 0 0 0 rg BT 271.65 534.10 Td (on ) Tj ET Q q 0 0 0 rg BT 284.15 534.10 Td (our ) Tj ET Q q 0 0 0 rg BT 299.98 534.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 353.02 534.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 393.84 534.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.67 534.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 424.94 534.10 Td (flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 516.10 Td (In ) Tj ET Q q 0 0 0 rg BT 69.39 516.10 Td (March ) Tj ET Q q 0 0 0 rg BT 98.06 516.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 123.12 516.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.90 516.10 Td (F) Tj ET Q q 0 0 0 rg BT 142.72 516.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 164.74 516.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 192.30 516.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 230.96 516.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 269.61 516.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 302.72 516.10 Td (to ) Tj ET Q q 0 0 0 rg BT 313.06 516.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 354.50 516.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 404.26 516.10 Td (compensation. ) Tj ET Q q 0 0 0 rg BT 464.86 516.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 492.42 516.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.20 516.10 Td (new ) Tj ET Q q 0 0 0 rg BT 526.42 516.10 Td (guidance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 504.10 Td (we ) Tj ET Q q 0 0 0 rg BT 63.68 504.10 Td (are ) Tj ET Q q 0 0 0 rg BT 78.40 504.10 Td (required ) Tj ET Q q 0 0 0 rg BT 114.23 504.10 Td (to ) Tj ET Q q 0 0 0 rg BT 124.53 504.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 165.90 504.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.64 504.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 195.37 504.10 Td (ef) Tj ET Q q 0 0 0 rg BT 202.96 504.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 224.35 504.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.20 504.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 258.82 504.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 316.88 504.10 Td (as ) Tj ET Q q 0 0 0 rg BT 327.73 504.10 Td (income ) Tj ET Q q 0 0 0 rg BT 359.68 504.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 374.41 504.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 409.13 504.10 Td (or ) Tj ET Q q 0 0 0 rg BT 419.98 504.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 450.26 504.10 Td (in ) Tj ET Q q 0 0 0 rg BT 460.55 504.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.28 504.10 Td (income ) Tj ET Q q 0 0 0 rg BT 507.23 504.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 548.07 504.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 492.10 Td (treat ) Tj ET Q q 0 0 0 rg BT 69.43 492.10 Td (the ) Tj ET Q q 0 0 0 rg BT 83.80 492.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 98.18 492.10 Td (ef) Tj ET Q q 0 0 0 rg BT 105.77 492.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 126.81 492.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.30 492.10 Td (exercised ) Tj ET Q q 0 0 0 rg BT 177.22 492.10 Td (or ) Tj ET Q q 0 0 0 rg BT 187.71 492.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 215.42 492.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 245.90 492.10 Td (as ) Tj ET Q q 0 0 0 rg BT 256.39 492.10 Td (discrete ) Tj ET Q q 0 0 0 rg BT 289.65 492.10 Td (items ) Tj ET Q q 0 0 0 rg BT 313.48 492.10 Td (in ) Tj ET Q q 0 0 0 rg BT 323.42 492.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.80 492.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 376.61 492.10 Td (period ) Tj ET Q q 0 0 0 rg BT 404.32 492.10 Td (in ) Tj ET Q q 0 0 0 rg BT 414.26 492.10 Td (which ) Tj ET Q q 0 0 0 rg BT 440.86 492.10 Td (they ) Tj ET Q q 0 0 0 rg BT 460.24 492.10 Td (occur) Tj ET Q q 0 0 0 rg BT 481.90 492.10 Td (. ) Tj ET Q q 0 0 0 rg BT 486.56 492.10 Td (Excess ) Tj ET Q q 0 0 0 rg BT 516.49 492.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 530.87 492.10 Td (benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 480.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.21 480.10 Td (required ) Tj ET Q q 0 0 0 rg BT 100.04 480.10 Td (to ) Tj ET Q q 0 0 0 rg BT 110.32 480.10 Td (be ) Tj ET Q q 0 0 0 rg BT 122.27 480.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 162.54 480.10 Td (as ) Tj ET Q q 0 0 0 rg BT 173.38 480.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 213.65 480.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 254.75 480.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.70 480.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 299.20 480.10 Td (we ) Tj ET Q q 0 0 0 rg BT 313.36 480.10 Td (withhold ) Tj ET Q q 0 0 0 rg BT 351.43 480.10 Td (on ) Tj ET Q q 0 0 0 rg BT 363.94 480.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 391.43 480.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.27 480.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 447.54 480.10 Td (for ) Tj ET Q q 0 0 0 rg BT 461.70 480.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 476.43 480.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 514.49 480.10 Td (are ) Tj ET Q q 0 0 0 rg BT 529.20 480.10 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 468.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.72 468.10 Td (be ) Tj ET Q q 0 0 0 rg BT 71.60 468.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 111.81 468.10 Td (as ) Tj ET Q q 0 0 0 rg BT 122.59 468.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 162.79 468.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 203.66 468.10 Td (W) Tj ET Q q 0 0 0 rg BT 212.30 468.10 Td (e ) Tj ET Q q 0 0 0 rg BT 219.18 468.10 Td (may ) Tj ET Q q 0 0 0 rg BT 238.84 468.10 Td (make ) Tj ET Q q 0 0 0 rg BT 262.94 468.10 Td (an ) Tj ET Q q 0 0 0 rg BT 274.82 468.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 321.14 468.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 348.58 468.10 Td (election ) Tj ET Q q 0 0 0 rg BT 382.67 468.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.89 468.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 429.77 468.10 Td (to ) Tj ET Q q 0 0 0 rg BT 439.99 468.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 475.76 468.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.42 468.10 Td (number ) Tj ET Q q 0 0 0 rg BT 523.41 468.10 Td (of ) Tj ET Q q 0 0 0 rg BT 534.18 468.10 Td (awards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 456.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.79 456.10 Td (are ) Tj ET Q q 0 0 0 rg BT 83.29 456.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 122.11 456.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.19 456.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 152.59 456.10 Td (or ) Tj ET Q q 0 0 0 rg BT 164.21 456.10 Td (account ) Tj ET Q q 0 0 0 rg BT 198.60 456.10 Td (for ) Tj ET Q q 0 0 0 rg BT 213.55 456.10 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 258.49 456.10 Td (when ) Tj ET Q q 0 0 0 rg BT 283.45 456.10 Td (they ) Tj ET Q q 0 0 0 rg BT 303.96 456.10 Td (occur) Tj ET Q q 0 0 0 rg BT 325.61 456.10 Td (. ) Tj ET Q q 0 0 0 rg BT 331.17 456.10 Td (The ) Tj ET Q q 0 0 0 rg BT 350.01 456.10 Td (threshold ) Tj ET Q q 0 0 0 rg BT 390.52 456.10 Td (to ) Tj ET Q q 0 0 0 rg BT 401.59 456.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 433.21 456.10 Td (for ) Tj ET Q q 0 0 0 rg BT 448.16 456.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 476.45 456.10 Td (classification ) Tj ET Q q 0 0 0 rg BT 532.50 456.10 Td (permits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 444.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 100.68 444.10 Td (up ) Tj ET Q q 0 0 0 rg BT 113.53 444.10 Td (to ) Tj ET Q q 0 0 0 rg BT 124.16 444.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.23 444.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 182.63 444.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 220.47 444.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 235.54 444.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 259.56 444.10 Td (This ) Tj ET Q q 0 0 0 rg BT 280.19 444.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 319.13 444.10 Td (is ) Tj ET Q q 0 0 0 rg BT 328.65 444.10 Td (required ) Tj ET Q q 0 0 0 rg BT 364.81 444.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.44 444.10 Td (be ) Tj ET Q q 0 0 0 rg BT 387.73 444.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 422.23 444.10 Td (in ) Tj ET Q q 0 0 0 rg BT 432.86 444.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.92 444.10 Td (first ) Tj ET Q q 0 0 0 rg BT 466.88 444.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 498.05 444.10 Td (of ) Tj ET Q q 0 0 0 rg BT 509.23 444.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 534.37 444.10 Td (W) Tj ET Q q 0 0 0 rg BT 543.01 444.10 Td (e ) Tj ET Q q 0 0 0 rg BT 550.29 444.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 432.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 88.09 432.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 132.24 432.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.96 432.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 176.67 432.10 Td (this ) Tj ET Q q 0 0 0 rg BT 193.62 432.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 232.21 432.10 Td (will ) Tj ET Q q 0 0 0 rg BT 250.27 432.10 Td (have ) Tj ET Q q 0 0 0 rg BT 271.65 432.10 Td (on ) Tj ET Q q 0 0 0 rg BT 284.15 432.10 Td (our ) Tj ET Q q 0 0 0 rg BT 299.98 432.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 353.02 432.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 390.50 432.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 414.10 Td (In ) Tj ET Q q 0 0 0 rg BT 68.44 414.10 Td (February ) Tj ET Q q 0 0 0 rg BT 106.15 414.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 130.27 414.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.10 414.10 Td (F) Tj ET Q q 0 0 0 rg BT 148.92 414.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 169.98 414.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 196.59 414.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 234.30 414.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 272.01 414.10 Td (for ) Tj ET Q q 0 0 0 rg BT 285.28 414.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 306.88 414.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 362.35 414.10 Td (in ) Tj ET Q q 0 0 0 rg BT 371.75 414.10 Td (order ) Tj ET Q q 0 0 0 rg BT 394.46 414.10 Td (to ) Tj ET Q q 0 0 0 rg BT 403.85 414.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 438.21 414.10 Td (transparency ) Tj ET Q q 0 0 0 rg BT 490.91 414.10 Td (and ) Tj ET Q q 0 0 0 rg BT 506.96 414.10 Td (comparability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.10 Td (by ) Tj ET Q q 0 0 0 rg BT 61.97 402.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 103.34 402.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 145.80 402.10 Td (information ) Tj ET Q q 0 0 0 rg BT 195.49 402.10 Td (to ) Tj ET Q q 0 0 0 rg BT 205.74 402.10 Td (users ) Tj ET Q q 0 0 0 rg BT 228.77 402.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.57 402.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 277.03 402.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 321.71 402.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 362.50 402.10 Td (an ) Tj ET Q q 0 0 0 rg BT 374.42 402.10 Td (entity's ) Tj ET Q q 0 0 0 rg BT 405.36 402.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 436.16 402.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 477.05 402.10 Td (The ) Tj ET Q q 0 0 0 rg BT 495.07 402.10 Td (revised ) Tj ET Q q 0 0 0 rg BT 526.42 402.10 Td (guidance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.10 Td (seeks ) Tj ET Q q 0 0 0 rg BT 73.32 390.10 Td (to ) Tj ET Q q 0 0 0 rg BT 83.26 390.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 115.95 390.10 Td (this ) Tj ET Q q 0 0 0 rg BT 132.56 390.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 171.37 390.10 Td (by ) Tj ET Q q 0 0 0 rg BT 183.53 390.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 222.34 390.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 261.16 390.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 292.20 390.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.14 390.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 343.16 390.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 365.30 390.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 390.79 390.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.39 390.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 429.54 390.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 468.91 390.10 Td (on ) Tj ET Q q 0 0 0 rg BT 481.07 390.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.45 390.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 528.14 390.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 550.85 390.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 102.39 378.10 Td (all ) Tj ET Q q 0 0 0 rg BT 114.73 378.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 137.06 378.10 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 195.59 378.10 Td (The ) Tj ET Q q 0 0 0 rg BT 213.48 378.10 Td (guidance, ) Tj ET Q q 0 0 0 rg BT 254.41 378.10 Td (which ) Tj ET Q q 0 0 0 rg BT 281.19 378.10 Td (is ) Tj ET Q q 0 0 0 rg BT 290.20 378.10 Td (required ) Tj ET Q q 0 0 0 rg BT 325.86 378.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.98 378.10 Td (be ) Tj ET Q q 0 0 0 rg BT 347.76 378.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 381.76 378.10 Td (in ) Tj ET Q q 0 0 0 rg BT 391.88 378.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.44 378.10 Td (first ) Tj ET Q q 0 0 0 rg BT 424.88 378.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 455.54 378.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.21 378.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 491.05 378.10 Td (will ) Tj ET Q q 0 0 0 rg BT 508.95 378.10 Td (be ) Tj ET Q q 0 0 0 rg BT 520.73 378.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 552.51 378.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.10 Td (a ) Tj ET Q q 0 0 0 rg BT 55.62 366.10 Td (modified ) Tj ET Q q 0 0 0 rg BT 93.40 366.10 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 146.72 366.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 168.40 366.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 210.08 366.10 Td (with ) Tj ET Q q 0 0 0 rg BT 229.53 366.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.43 366.10 Td (earliest ) Tj ET Q q 0 0 0 rg BT 273.98 366.10 Td (period ) Tj ET Q q 0 0 0 rg BT 301.21 366.10 Td (presented. ) Tj ET Q q 0 0 0 rg BT 343.70 366.10 Td (Early ) Tj ET Q q 0 0 0 rg BT 367.04 366.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 403.71 366.10 Td (is ) Tj ET Q q 0 0 0 rg BT 412.06 366.10 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 454.44 366.10 Td (W) Tj ET Q q 0 0 0 rg BT 463.08 366.10 Td (e ) Tj ET Q q 0 0 0 rg BT 469.20 366.10 Td (are ) Tj ET Q q 0 0 0 rg BT 483.08 366.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 520.86 366.10 Td (evaluating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 354.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 93.93 354.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.76 354.10 Td (adopting ) Tj ET Q q 0 0 0 rg BT 142.25 354.10 Td (this ) Tj ET Q q 0 0 0 rg BT 159.20 354.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 197.80 354.10 Td (on ) Tj ET Q q 0 0 0 rg BT 210.30 354.10 Td (our ) Tj ET Q q 0 0 0 rg BT 226.13 354.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 279.17 354.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 316.65 354.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 336.10 Td (In ) Tj ET Q q 0 0 0 rg BT 69.71 336.10 Td (January ) Tj ET Q q 0 0 0 rg BT 103.69 336.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 129.06 336.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.16 336.10 Td (F) Tj ET Q q 0 0 0 rg BT 148.98 336.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 171.31 336.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 199.19 336.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 245.94 336.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 284.91 336.10 Td (that ) Tj ET Q q 0 0 0 rg BT 302.78 336.10 Td (would ) Tj ET Q q 0 0 0 rg BT 330.66 336.10 Td (require ) Tj ET Q q 0 0 0 rg BT 361.86 336.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 389.73 336.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 440.38 336.10 Td (not ) Tj ET Q q 0 0 0 rg BT 456.04 336.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 499.45 336.10 Td (for ) Tj ET Q q 0 0 0 rg BT 513.99 336.10 Td (as ) Tj ET Q q 0 0 0 rg BT 525.20 336.10 Td (an ) Tj ET Q q 0 0 0 rg BT 537.51 336.10 Td (equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 324.10 Td (method ) Tj ET Q q 0 0 0 rg BT 82.37 324.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 129.13 324.10 Td (or ) Tj ET Q q 0 0 0 rg BT 140.33 324.10 Td (that ) Tj ET Q q 0 0 0 rg BT 158.21 324.10 Td (result ) Tj ET Q q 0 0 0 rg BT 183.30 324.10 Td (in ) Tj ET Q q 0 0 0 rg BT 193.95 324.10 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 250.71 324.10 Td (to ) Tj ET Q q 0 0 0 rg BT 261.37 324.10 Td (be ) Tj ET Q q 0 0 0 rg BT 273.68 324.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 311.53 324.10 Td (at ) Tj ET Q q 0 0 0 rg BT 321.62 324.10 Td (their ) Tj ET Q q 0 0 0 rg BT 342.83 324.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 359.58 324.10 Td (value ) Tj ET Q q 0 0 0 rg BT 384.11 324.10 Td (with ) Tj ET Q q 0 0 0 rg BT 404.76 324.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 439.85 324.10 Td (in ) Tj ET Q q 0 0 0 rg BT 450.50 324.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 467.25 324.10 Td (value ) Tj ET Q q 0 0 0 rg BT 491.79 324.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 538.52 324.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.18 324.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 312.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 101.66 312.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 145.49 312.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.44 312.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 201.09 312.10 Td (Those ) Tj ET Q q 0 0 0 rg BT 227.15 312.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 253.76 312.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 303.15 312.10 Td (that ) Tj ET Q q 0 0 0 rg BT 319.77 312.10 Td (do ) Tj ET Q q 0 0 0 rg BT 331.38 312.10 Td (not ) Tj ET Q q 0 0 0 rg BT 345.78 312.10 Td (have ) Tj ET Q q 0 0 0 rg BT 366.27 312.10 Td (a ) Tj ET Q q 0 0 0 rg BT 372.33 312.10 Td (readily ) Tj ET Q q 0 0 0 rg BT 401.71 312.10 Td (determinable ) Tj ET Q q 0 0 0 rg BT 455.53 312.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 471.02 312.10 Td (value ) Tj ET Q q 0 0 0 rg BT 494.29 312.10 Td (may ) Tj ET Q q 0 0 0 rg BT 513.13 312.10 Td (be ) Tj ET Q q 0 0 0 rg BT 524.18 312.10 Td (measured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 300.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.77 300.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 78.92 300.10 Td (less ) Tj ET Q q 0 0 0 rg BT 96.97 300.10 Td (impairment, ) Tj ET Q q 0 0 0 rg BT 148.62 300.10 Td (if ) Tj ET Q q 0 0 0 rg BT 157.77 300.10 Td (any) Tj ET Q q 0 0 0 rg BT 171.56 300.10 Td (, ) Tj ET Q q 0 0 0 rg BT 177.11 300.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 196.83 300.10 Td (or ) Tj ET Q q 0 0 0 rg BT 208.21 300.10 Td (minus ) Tj ET Q q 0 0 0 rg BT 235.70 300.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 270.96 300.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 309.00 300.10 Td (from ) Tj ET Q q 0 0 0 rg BT 331.49 300.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 377.85 300.10 Td (price ) Tj ET Q q 0 0 0 rg BT 400.89 300.10 Td (changes. ) Tj ET Q q 0 0 0 rg BT 438.42 300.10 Td (This ) Tj ET Q q 0 0 0 rg BT 459.25 300.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 496.17 300.10 Td (is ) Tj ET Q q 0 0 0 rg BT 505.89 300.10 Td (required ) Tj ET Q q 0 0 0 rg BT 542.26 300.10 Td (to ) Tj ET Q q 0 0 0 rg BT 553.08 300.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 288.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 83.28 288.10 Td (in ) Tj ET Q q 0 0 0 rg BT 93.18 288.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.52 288.10 Td (first ) Tj ET Q q 0 0 0 rg BT 125.75 288.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 156.19 288.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.64 288.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 191.27 288.10 Td (with ) Tj ET Q q 0 0 0 rg BT 211.17 288.10 Td (early ) Tj ET Q q 0 0 0 rg BT 233.28 288.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 270.39 288.10 Td (prohibited. ) Tj ET Q q 0 0 0 rg BT 315.97 288.10 Td (W) Tj ET Q q 0 0 0 rg BT 324.60 288.10 Td (e ) Tj ET Q q 0 0 0 rg BT 331.17 288.10 Td (are ) Tj ET Q q 0 0 0 rg BT 345.50 288.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 383.71 288.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 427.49 288.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.83 288.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 471.16 288.10 Td (this ) Tj ET Q q 0 0 0 rg BT 487.73 288.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 525.95 288.10 Td (will ) Tj ET Q q 0 0 0 rg BT 543.63 288.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 276.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.00 276.10 Td (our ) Tj ET Q q 0 0 0 rg BT 77.83 276.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 130.87 276.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 168.35 276.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 213.06 276.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.00 276.10 Td (related ) Tj ET Q q 0 0 0 rg BT 259.71 276.10 Td (disclosures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 258.10 Td (In ) Tj ET Q q 0 0 0 rg BT 68.62 258.10 Td (May ) Tj ET Q q 0 0 0 rg BT 88.75 258.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 113.04 258.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.05 258.10 Td (F) Tj ET Q q 0 0 0 rg BT 131.87 258.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 153.12 258.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 179.51 258.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 227.96 258.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 269.19 258.10 Td (update ) Tj ET Q q 0 0 0 rg BT 297.64 258.10 Td (2014-09, ) Tj ET Q q 0 0 0 rg BT 335.27 258.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 376.48 258.10 Td (from ) Tj ET Q q 0 0 0 rg BT 397.72 258.10 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 437.83 258.10 Td (with ) Tj ET Q q 0 0 0 rg BT 457.41 258.10 Td (Customers. ) Tj ET Q q 0 0 0 rg BT 511.29 258.10 Td (The ) Tj ET Q q 0 0 0 rg BT 528.63 258.10 Td (standard ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.94 246.10 Td (based ) Tj ET Q q 0 0 0 rg BT 84.48 246.10 Td (on ) Tj ET Q q 0 0 0 rg BT 97.25 246.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.24 246.10 Td (principle ) Tj ET Q q 0 0 0 rg BT 150.55 246.10 Td (that ) Tj ET Q q 0 0 0 rg BT 168.32 246.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 202.73 246.10 Td (is ) Tj ET Q q 0 0 0 rg BT 212.18 246.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 258.81 246.10 Td (in ) Tj ET Q q 0 0 0 rg BT 269.36 246.10 Td (an ) Tj ET Q q 0 0 0 rg BT 281.57 246.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 314.33 246.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 352.64 246.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.19 246.10 Td (be ) Tj ET Q q 0 0 0 rg BT 375.40 246.10 Td (collected ) Tj ET Q q 0 0 0 rg BT 414.26 246.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.47 246.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.01 246.10 Td (which ) Tj ET Q q 0 0 0 rg BT 469.22 246.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.21 246.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 509.76 246.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 542.51 246.10 Td (to ) Tj ET Q q 0 0 0 rg BT 553.06 246.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 81.30 234.10 Td (in ) Tj ET Q q 0 0 0 rg BT 90.89 234.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 130.46 234.10 Td (for ) Tj ET Q q 0 0 0 rg BT 143.93 234.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.96 234.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 190.31 234.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.45 234.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 226.15 234.10 Td (or ) Tj ET Q q 0 0 0 rg BT 236.29 234.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 272.81 234.10 Td (In ) Tj ET Q q 0 0 0 rg BT 282.95 234.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 320.04 234.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.07 234.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 369.75 234.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 403.77 234.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 446.13 234.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.27 234.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.30 234.10 Td (nature, ) Tj ET Q q 0 0 0 rg BT 499.60 234.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 533.90 234.10 Td (timing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.23 222.10 Td (certainty ) Tj ET Q q 0 0 0 rg BT 103.49 222.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.11 222.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 148.04 222.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 177.54 222.10 Td (from ) Tj ET Q q 0 0 0 rg BT 199.27 222.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 237.65 222.10 Td (with ) Tj ET Q q 0 0 0 rg BT 257.71 222.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 303.05 222.10 Td (In ) Tj ET Q q 0 0 0 rg BT 313.16 222.10 Td (August ) Tj ET Q q 0 0 0 rg BT 344.34 222.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 369.13 222.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.63 222.10 Td (F) Tj ET Q q 0 0 0 rg BT 388.45 222.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 410.19 222.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 445.78 222.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.28 222.10 Td (ef) Tj ET Q q 0 0 0 rg BT 467.87 222.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 497.36 222.10 Td (date ) Tj ET Q q 0 0 0 rg BT 516.30 222.10 Td (by ) Tj ET Q q 0 0 0 rg BT 528.59 222.10 Td (one ) Tj ET Q q 0 0 0 rg BT 545.31 222.10 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.17 210.10 Td (January ) Tj ET Q q 0 0 0 rg BT 92.16 210.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 101.56 210.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 125.95 210.10 Td (while ) Tj ET Q q 0 0 0 rg BT 150.06 210.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 190.84 210.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.95 210.10 Td (option ) Tj ET Q q 0 0 0 rg BT 232.40 210.10 Td (to ) Tj ET Q q 0 0 0 rg BT 242.07 210.10 Td (early ) Tj ET Q q 0 0 0 rg BT 263.95 210.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 288.06 210.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.17 210.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 337.94 210.10 Td (on ) Tj ET Q q 0 0 0 rg BT 349.84 210.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.95 210.10 Td (original ) Tj ET Q q 0 0 0 rg BT 396.95 210.10 Td (ef) Tj ET Q q 0 0 0 rg BT 404.53 210.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 433.63 210.10 Td (date ) Tj ET Q q 0 0 0 rg BT 452.18 210.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.40 210.10 Td (January ) Tj ET Q q 0 0 0 rg BT 495.39 210.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 504.79 210.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 529.18 210.10 Td (Covanta ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.10 Td (will ) Tj ET Q q 0 0 0 rg BT 67.99 198.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 93.14 198.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.29 198.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 145.10 198.10 Td (on ) Tj ET Q q 0 0 0 rg BT 158.04 198.10 Td (January ) Tj ET Q q 0 0 0 rg BT 192.07 198.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 202.50 198.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 227.93 198.10 Td (as ) Tj ET Q q 0 0 0 rg BT 239.20 198.10 Td (required. ) Tj ET Q q 0 0 0 rg BT 277.73 198.10 Td (The ) Tj ET Q q 0 0 0 rg BT 296.22 198.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 333.03 198.10 Td (can ) Tj ET Q q 0 0 0 rg BT 349.84 198.10 Td (be ) Tj ET Q q 0 0 0 rg BT 362.21 198.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 396.80 198.10 Td (either ) Tj ET Q q 0 0 0 rg BT 422.49 198.10 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 484.85 198.10 Td (or ) Tj ET Q q 0 0 0 rg BT 496.11 198.10 Td (as ) Tj ET Q q 0 0 0 rg BT 507.37 198.10 Td (a ) Tj ET Q q 0 0 0 rg BT 514.75 198.10 Td (cumulative-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 186.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 74.03 186.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 119.86 186.10 Td (as ) Tj ET Q q 0 0 0 rg BT 130.14 186.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.42 186.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.59 186.10 Td (date ) Tj ET Q q 0 0 0 rg BT 173.20 186.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.48 186.10 Td (adoption. ) Tj ET Q q 0 0 0 rg BT 222.79 186.10 Td (W) Tj ET Q q 0 0 0 rg BT 231.43 186.10 Td (e ) Tj ET Q q 0 0 0 rg BT 237.82 186.10 Td (are ) Tj ET Q q 0 0 0 rg BT 251.98 186.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 290.02 186.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 340.29 186.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.46 186.10 Td (impacts ) Tj ET Q q 0 0 0 rg BT 387.52 186.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.80 186.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.97 186.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 447.80 186.10 Td (on ) Tj ET Q q 0 0 0 rg BT 459.75 186.10 Td (our ) Tj ET Q q 0 0 0 rg BT 475.03 186.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.53 186.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 93.59 174.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.91 174.10 Td (are ) Tj ET Q q 0 0 0 rg BT 124.00 174.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 167.53 174.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.63 174.10 Td (options ) Tj ET Q q 0 0 0 rg BT 212.96 174.10 Td (with ) Tj ET Q q 0 0 0 rg BT 232.62 174.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 262.82 174.10 Td (to ) Tj ET Q q 0 0 0 rg BT 272.48 174.10 Td (our 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Td (and ) Tj ET Q q 0 0 0 rg BT 401.05 162.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 441.84 162.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.63 162.10 Td (conformance ) Tj ET Q q 0 0 0 rg BT 513.40 162.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.30 162.10 Td (historical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 95.08 150.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 127.89 150.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.03 150.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 181.27 150.10 Td (with ) Tj ET Q q 0 0 0 rg BT 200.75 150.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.67 150.10 Td (standard. ) Tj ET Q q 0 0 0 rg BT 252.76 150.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 287.78 150.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.70 150.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 337.28 150.10 Td (may ) Tj ET Q q 0 0 0 rg BT 356.21 150.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 385.12 150.10 Td (our ) Tj ET Q q 0 0 0 rg BT 400.16 150.10 Td (business ) Tj ET Q q 0 0 0 rg BT 435.76 150.10 Td (processes, ) Tj ET Q q 0 0 0 rg BT 478.28 150.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 511.66 150.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.80 150.10 Td (controls, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.10 Td (we ) Tj ET Q q 0 0 0 rg BT 63.66 138.10 Td (have ) Tj ET Q q 0 0 0 rg BT 85.04 138.10 Td (initiated ) Tj ET Q q 0 0 0 rg BT 120.31 138.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.02 138.10 Td (development ) Tj ET Q q 0 0 0 rg BT 189.17 138.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.00 138.10 Td (a ) Tj ET Q q 0 0 0 rg BT 206.94 138.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 269.97 138.10 Td (change ) Tj ET Q q 0 0 0 rg BT 300.79 138.10 Td (management ) Tj ET Q q 0 0 0 rg BT 354.38 138.10 Td (project ) Tj ET Q q 0 0 0 rg BT 384.64 138.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 404.36 138.10 Td (to ) Tj ET Q q 0 0 0 rg BT 414.64 138.10 Td (guide ) Tj ET Q q 0 0 0 rg BT 439.35 138.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.07 138.10 Td (implementation. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 120.10 Td (NOTE ) Tj ET Q q 0 0 0 rg BT 80.34 120.10 Td (3. ) Tj ET Q q 0 0 0 rg BT 90.34 120.10 Td (NEW) Tj ET Q q 0 0 0 rg BT 114.05 120.10 Td ( ) Tj ET Q q 0 0 0 rg BT 116.55 120.10 Td (BUSINESS ) Tj ET Q q 0 0 0 rg BT 166.86 120.10 Td (AND ) Tj ET Q q 0 0 0 rg BT 190.47 120.10 Td (ASSET) Tj ET Q q 0 0 0 rg BT 221.98 120.10 Td ( ) Tj ET Q q 0 0 0 rg BT 224.48 120.10 Td (MANAGEMENT) Tj ET Q q 0 0 0 rg BT 299.85 120.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 102.10 Td ( ) Tj ET Q q 0 0 0 rg BT 60.75 102.10 Td (The ) Tj ET Q q 0 0 0 rg BT 78.71 102.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 128.91 102.10 Td (in ) Tj ET Q q 0 0 0 rg BT 139.11 102.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.74 102.10 Td (section ) Tj ET Q q 0 0 0 rg BT 184.49 102.10 Td (below ) Tj ET Q q 0 0 0 rg BT 211.35 102.10 Td (are ) Tj ET Q q 0 0 0 rg BT 225.98 102.10 Td (not ) Tj ET Q q 0 0 0 rg BT 241.18 102.10 Td (material ) Tj ET Q q 0 0 0 rg BT 276.36 102.10 Td (to ) Tj ET Q q 0 0 0 rg BT 286.56 102.10 Td (our ) Tj ET Q q 0 0 0 rg BT 302.31 102.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 355.27 102.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 392.67 102.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 437.30 102.10 Td (individually ) Tj ET Q q 0 0 0 rg BT 488.06 102.10 Td (or ) Tj ET Q q 0 0 0 rg BT 498.81 102.10 Td (in ) Tj ET Q q 0 0 0 rg BT 509.01 102.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.64 102.10 Td (aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.26 90.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 107.16 90.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 153.91 90.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.56 90.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 180.21 90.10 Td (forma ) Tj ET Q q 0 0 0 rg BT 206.40 90.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 243.70 90.10 Td (information ) Tj ET Q q 0 0 0 rg BT 293.23 90.10 Td (have ) Tj ET Q q 0 0 0 rg BT 314.42 90.10 Td (not ) Tj ET Q q 0 0 0 rg BT 329.51 90.10 Td (been ) Tj ET Q q 0 0 0 rg BT 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Tj ET Q endstream endobj 157 0 obj <>] /Rotate 0 /Contents 158 0 R>> endobj 158 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (78) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 724.7669921875 m 205.140625 724.7669921875 l s q 0 0 0 rg BT 58.50 726.10 Td (Envir) Tj ET Q q 0 0 0 rg BT 80.35 726.10 Td (onmental ) Tj ET Q q 0 0 0 rg BT 120.06 726.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 155.70 726.10 Td (Acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 708.10 Td (During ) Tj ET Q q 0 0 0 rg BT 89.08 708.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 113.83 708.10 Td (we ) Tj ET Q q 0 0 0 rg BT 127.74 708.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 164.42 708.10 Td (two ) Tj ET Q q 0 0 0 rg BT 181.67 708.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 241.68 708.10 Td (services ) Tj ET Q q 0 0 0 rg BT 276.14 708.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 314.78 708.10 Td (in ) Tj ET Q q 0 0 0 rg BT 324.81 708.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 359.81 708.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 412.33 708.10 Td (for ) Tj ET Q q 0 0 0 rg BT 426.24 708.10 Td (a ) Tj ET Q q 0 0 0 rg BT 432.93 708.10 Td (total ) Tj ET Q q 0 0 0 rg BT 452.95 708.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.53 708.10 Td ($9 ) Tj ET Q q 0 0 0 rg BT 475.79 708.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.68 708.10 Td (. ) Tj ET Q q 0 0 0 rg BT 509.43 708.10 Td (During ) Tj ET Q q 0 0 0 rg BT 540.01 708.10 Td (2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 696.10 Td (we ) Tj ET Q q 0 0 0 rg BT 62.85 696.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 98.97 696.10 Td (four ) Tj ET Q q 0 0 0 rg BT 117.32 696.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 176.77 696.10 Td (services ) Tj ET Q q 0 0 0 rg BT 210.66 696.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 254.58 696.10 Td (\(one ) Tj ET Q q 0 0 0 rg BT 274.04 696.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.06 696.10 Td (which ) Tj ET Q q 0 0 0 rg BT 310.19 696.10 Td (was ) Tj ET Q q 0 0 0 rg BT 327.43 696.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 369.65 696.10 Td (for ) Tj ET Q q 0 0 0 rg BT 383.00 696.10 Td (as ) Tj ET Q q 0 0 0 rg BT 393.02 696.10 Td (an ) Tj ET Q q 0 0 0 rg BT 404.15 696.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 425.28 696.10 Td (purchase\), ) Tj ET Q q 0 0 0 rg BT 468.34 696.10 Td (in ) Tj ET Q q 0 0 0 rg BT 477.81 696.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 512.26 696.10 Td (transactions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 684.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 684.10 Td (a ) Tj ET Q q 0 0 0 rg BT 70.60 684.10 Td (total ) Tj ET Q q 0 0 0 rg BT 90.87 684.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.70 684.10 Td ($69 ) Tj ET Q q 0 0 0 rg BT 119.20 684.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.09 684.10 Td (. ) Tj ET Q q 0 0 0 rg BT 153.09 684.10 Td (During ) Tj ET Q q 0 0 0 rg BT 183.92 684.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 208.92 684.10 Td (we ) Tj ET Q q 0 0 0 rg BT 223.08 684.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 260.01 684.10 Td (one ) Tj ET Q q 0 0 0 rg BT 276.95 684.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 337.21 684.10 Td (services ) Tj ET Q q 0 0 0 rg BT 371.91 684.10 Td (business ) Tj ET Q q 0 0 0 rg BT 408.30 684.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.46 684.10 Td ($13 ) Tj ET Q q 0 0 0 rg BT 439.96 684.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.86 684.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 666.10 Td (These ) Tj ET Q q 0 0 0 rg BT 84.54 666.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 134.47 666.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 165.51 666.10 Td (our ) Tj ET Q q 0 0 0 rg BT 181.01 666.10 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 216.49 666.10 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 278.08 666.10 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 318.03 666.10 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 365.73 666.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.33 666.10 Td (client ) Tj ET Q q 0 0 0 rg BT 406.71 666.10 Td (service ) Tj ET Q q 0 0 0 rg BT 437.19 666.10 Td (of) Tj ET Q q 0 0 0 rg BT 445.33 666.10 Td (ferings, ) Tj ET Q q 0 0 0 rg BT 477.77 666.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.37 666.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 518.75 666.10 Td (us ) Tj ET Q q 0 0 0 rg BT 529.80 666.10 Td (to ) Tj ET Q q 0 0 0 rg BT 539.74 666.10 Td (direct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 92.44 654.10 Td (non-hazardous ) Tj ET Q q 0 0 0 rg BT 154.25 654.10 Td (profiled ) Tj ET Q q 0 0 0 rg BT 188.85 654.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 214.56 654.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 251.40 654.10 Td (into ) Tj ET Q q 0 0 0 rg BT 269.90 654.10 Td (our ) Tj ET Q q 0 0 0 rg BT 286.18 654.10 Td (EfW) Tj ET Q q 0 0 0 rg BT 304.87 654.10 Td ( ) Tj ET Q q 0 0 0 rg BT 307.82 654.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 347.69 654.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.08 654.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 404.11 654.10 Td (are ) Tj ET Q q 0 0 0 rg BT 419.26 654.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 447.76 654.10 Td (syner) Tj ET Q q 0 0 0 rg BT 469.24 654.10 Td (gistic ) Tj ET Q q 0 0 0 rg BT 493.85 654.10 Td (with ) Tj ET Q q 0 0 0 rg BT 514.58 654.10 Td (our ) Tj ET Q q 0 0 0 rg BT 530.85 654.10 Td (existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.10 Td (business.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 622.7669921875 m 143.4853515625 622.7669921875 l s q 0 0 0 rg BT 58.50 624.10 Td (Pittsfield ) Tj ET Q q 0 0 0 rg BT 97.11 624.10 Td (EfW ) Tj ET Q q 0 0 0 rg BT 116.83 624.10 Td (Facilit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.49 624.10 Td (y) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 606.10 Td (In ) Tj ET Q q 0 0 0 rg BT 69.01 606.10 Td (March ) Tj ET Q q 0 0 0 rg BT 97.28 606.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 121.95 606.10 Td (we ) Tj ET Q q 0 0 0 rg BT 135.79 606.10 Td (exercised ) Tj ET Q q 0 0 0 rg BT 175.72 606.10 Td (an ) Tj ET Q q 0 0 0 rg BT 187.33 606.10 Td (early ) Tj ET Q q 0 0 0 rg BT 209.49 606.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 257.77 606.10 Td (option ) Tj ET Q q 0 0 0 rg BT 285.50 606.10 Td (available ) Tj ET Q q 0 0 0 rg BT 323.76 606.10 Td (under ) Tj ET Q q 0 0 0 rg BT 348.71 606.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.10 606.10 Td (steam ) Tj ET Q q 0 0 0 rg BT 388.60 606.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 406.32 606.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 450.14 606.10 Td (at ) Tj ET Q q 0 0 0 rg BT 459.53 606.10 Td (our ) Tj ET Q q 0 0 0 rg BT 475.04 606.10 Td (Pittsfield ) Tj ET Q q 0 0 0 rg BT 513.32 606.10 Td (EfW) Tj ET Q q 0 0 0 rg BT 532.02 606.10 Td ( ) Tj ET Q q 0 0 0 rg BT 534.20 606.10 Td (facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.93 594.10 Td (would ) Tj ET Q q 0 0 0 rg BT 94.36 594.10 Td (have ) Tj ET Q q 0 0 0 rg BT 115.67 594.10 Td (been ) Tj ET Q q 0 0 0 rg BT 136.98 594.10 Td (ef) Tj ET Q q 0 0 0 rg BT 144.57 594.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 174.20 594.10 Td (in ) Tj ET Q q 0 0 0 rg BT 184.42 594.10 Td (March ) Tj ET Q q 0 0 0 rg BT 212.95 594.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 240.38 594.10 Td (Upon ) Tj ET Q q 0 0 0 rg BT 265.04 594.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 313.57 594.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.33 594.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.98 594.10 Td (steam ) Tj ET Q q 0 0 0 rg BT 364.74 594.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 411.31 594.10 Td (we ) Tj ET Q q 0 0 0 rg BT 425.41 594.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 462.27 594.10 Td (to ) Tj ET Q q 0 0 0 rg BT 472.48 594.10 Td (cease ) Tj ET Q q 0 0 0 rg BT 496.56 594.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 540.65 594.10 Td (at ) Tj ET Q q 0 0 0 rg BT 550.30 594.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.10 Td (Pittsfield ) Tj ET Q q 0 0 0 rg BT 88.01 582.10 Td (facility) Tj ET Q q 0 0 0 rg BT 115.68 582.10 Td (.) Tj ET Q q 0 0 0 rg BT 120.13 582.10 Td (As ) Tj ET Q q 0 0 0 rg BT 133.64 582.10 Td (a ) Tj ET Q q 0 0 0 rg BT 140.48 582.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 167.59 582.10 Td (during ) Tj ET Q q 0 0 0 rg BT 196.10 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.71 582.10 Td (first ) Tj ET Q q 0 0 0 rg BT 229.22 582.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 259.93 582.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.66 582.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 295.55 582.10 Td (we ) Tj ET Q q 0 0 0 rg BT 309.61 582.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 346.99 582.10 Td (a ) Tj ET Q q 0 0 0 rg BT 353.82 582.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 392.32 582.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 440.81 582.10 Td (char) Tj ET Q q 0 0 0 rg BT 457.84 582.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 469.68 582.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.51 582.10 Td ($13 ) Tj ET Q q 0 0 0 rg BT 497.90 582.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.79 582.10 Td (, ) Tj ET Q q 0 0 0 rg BT 531.69 582.10 Td (pre-tax, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.52 570.10 Td (was ) Tj ET Q q 0 0 0 rg BT 94.64 570.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 137.75 570.10 Td (based ) Tj ET Q q 0 0 0 rg BT 163.09 570.10 Td (on ) Tj ET Q q 0 0 0 rg BT 175.67 570.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.47 570.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 231.36 570.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 251.71 570.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 276.51 570.10 Td (for ) Tj ET Q q 0 0 0 rg BT 290.75 570.10 Td (this ) Tj ET Q q 0 0 0 rg BT 307.77 570.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 338.67 570.10 Td (during ) Tj ET Q q 0 0 0 rg BT 367.35 570.10 Td (its ) Tj ET Q q 0 0 0 rg BT 379.38 570.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 422.50 570.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 466.73 570.10 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 502.64 570.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 527.98 570.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 535.56 570.10 Td (inputs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.10 Td (For ) Tj ET Q q 0 0 0 rg BT 65.89 558.10 Td (more ) Tj ET Q q 0 0 0 rg BT 88.94 558.10 Td (information ) Tj ET Q q 0 0 0 rg BT 138.65 558.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 179.47 558.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 195.84 558.10 Td (value ) Tj ET Q q 0 0 0 rg BT 220.00 558.10 Td (measurements, ) Tj ET Q q 0 0 0 rg BT 282.20 558.10 Td (see) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 297.47 558.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 318.86 558.10 Td (12.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.36 558.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 333.86 558.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 375.24 558.10 Td (Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.46 558.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 540.10 Td (In ) Tj ET Q q 0 0 0 rg BT 69.35 540.10 Td (October ) Tj ET Q q 0 0 0 rg BT 104.08 540.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 129.10 540.10 Td (we ) Tj ET Q q 0 0 0 rg BT 143.29 540.10 Td (withdrew ) Tj ET Q q 0 0 0 rg BT 183.58 540.10 Td (our ) Tj ET Q q 0 0 0 rg BT 199.43 540.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 248.05 540.10 Td (notice. ) Tj ET Q q 0 0 0 rg BT 277.32 540.10 Td (The ) Tj ET Q q 0 0 0 rg BT 295.39 540.10 Td (City ) Tj ET Q q 0 0 0 rg BT 315.14 540.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.99 540.10 Td (Pittsfield ) Tj ET Q q 0 0 0 rg BT 364.63 540.10 Td (has ) Tj ET Q q 0 0 0 rg BT 380.48 540.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 409.65 540.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.95 540.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 440.80 540.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 470.52 540.10 Td (upgrades ) Tj ET Q q 0 0 0 rg BT 509.14 540.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.44 540.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.18 540.10 Td (facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 528.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.40 528.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.08 528.10 Td (State ) Tj ET Q q 0 0 0 rg BT 103.54 528.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.34 528.10 Td (Massachusetts ) Tj ET Q q 0 0 0 rg BT 174.57 528.10 Td (will ) Tj ET Q q 0 0 0 rg BT 192.59 528.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 225.61 528.10 Td (ener) Tj ET Q q 0 0 0 rg BT 242.63 528.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 255.10 528.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 269.78 528.10 Td (credits, ) Tj ET Q q 0 0 0 rg BT 301.40 528.10 Td (both ) Tj ET Q q 0 0 0 rg BT 321.64 528.10 Td (of ) Tj ET Q q 0 0 0 rg BT 332.44 528.10 Td (which ) Tj ET Q q 0 0 0 rg BT 359.34 528.10 Td (will ) Tj ET Q q 0 0 0 rg BT 377.36 528.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 400.93 528.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.17 528.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 446.96 528.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.64 528.10 Td (economics ) Tj ET Q q 0 0 0 rg BT 506.87 528.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.66 528.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.35 528.10 Td (facility) Tj ET Q q 0 0 0 rg BT 560.02 528.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 516.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.33 516.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 98.10 516.10 Td (we ) Tj ET Q q 0 0 0 rg BT 112.26 516.10 Td (will ) Tj ET Q q 0 0 0 rg BT 130.32 516.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 167.25 516.10 Td (to ) Tj ET Q q 0 0 0 rg BT 177.53 516.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 193.92 516.10 Td (steam ) Tj ET Q q 0 0 0 rg BT 219.74 516.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 261.11 516.10 Td (by ) Tj ET Q q 0 0 0 rg BT 273.61 516.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.32 516.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 319.14 516.10 Td (under ) Tj ET Q q 0 0 0 rg BT 344.41 516.10 Td (an ) Tj ET Q q 0 0 0 rg BT 356.35 516.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 394.94 516.10 Td (agreement.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 496.7669921875 m 139.59375 496.7669921875 l s q 0 0 0 rg BT 58.50 498.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 88.78 498.10 Td (EfW ) Tj ET Q q 0 0 0 rg BT 108.50 498.10 Td (Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 480.10 Td (In ) Tj ET Q q 0 0 0 rg BT 70.33 480.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 96.32 480.10 Td (we ) Tj ET Q q 0 0 0 rg BT 111.48 480.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 144.40 480.10 Td (into ) Tj ET Q q 0 0 0 rg BT 163.45 480.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 212.48 480.10 Td (to ) Tj ET Q q 0 0 0 rg BT 223.75 480.10 Td (build, ) Tj ET Q q 0 0 0 rg BT 250.31 480.10 Td (own ) Tj ET Q q 0 0 0 rg BT 271.02 480.10 Td (and ) Tj ET Q q 0 0 0 rg BT 288.96 480.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 321.88 480.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.59 480.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 368.87 480.10 Td (EfW) Tj ET Q q 0 0 0 rg BT 387.56 480.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.06 480.10 Td (facility) Tj ET Q q 0 0 0 rg BT 418.73 480.10 Td (, ) Tj ET Q q 0 0 0 rg BT 424.73 480.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.66 480.10 Td (600,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.16 480.10 Td ( ) Tj ET Q q 0 0 0 rg BT 468.66 480.10 Td (metric ) Tj ET Q q 0 0 0 rg BT 497.69 480.10 Td (ton-per) Tj ET Q q 0 0 0 rg BT 526.37 480.10 Td (-year) Tj ET Q q 0 0 0 rg BT 546.51 480.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.50 480.10 Td (58) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 468.10 Td (megawatt ) Tj ET Q q 0 0 0 rg BT 91.79 468.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 123.53 468.10 Td (in ) Tj ET Q q 0 0 0 rg BT 134.73 468.10 Td (Dublin, ) Tj ET Q q 0 0 0 rg BT 168.43 468.10 Td (Ireland. ) Tj ET Q q 0 0 0 rg BT 202.42 468.10 Td (The ) Tj ET Q q 0 0 0 rg BT 221.39 468.10 Td (project ) Tj ET Q q 0 0 0 rg BT 252.57 468.10 Td (will ) Tj ET Q q 0 0 0 rg BT 271.55 468.10 Td (source ) Tj ET Q q 0 0 0 rg BT 301.07 468.10 Td (residential, ) Tj ET Q q 0 0 0 rg BT 348.64 468.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 399.26 468.10 Td (and ) Tj ET Q q 0 0 0 rg BT 417.11 468.10 Td (profiled ) Tj ET Q q 0 0 0 rg BT 452.19 468.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 478.38 468.10 Td (from ) Tj ET Q q 0 0 0 rg BT 501.24 468.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 532.44 468.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.30 468.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 456.10 Td (surrounding ) Tj ET Q q 0 0 0 rg BT 100.96 456.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 124.64 456.10 Td (and ) Tj ET Q q 0 0 0 rg BT 142.21 456.10 Td (will ) Tj ET Q q 0 0 0 rg BT 160.90 456.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 177.92 456.10 Td (electricity ) Tj ET Q q 0 0 0 rg BT 221.03 456.10 Td (into ) Tj ET Q q 0 0 0 rg BT 239.72 456.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.08 456.10 Td (local ) Tj ET Q q 0 0 0 rg BT 277.64 456.10 Td (electricity ) Tj ET Q q 0 0 0 rg BT 320.75 456.10 Td (grid, ) Tj ET Q q 0 0 0 rg BT 342.50 456.10 Td (with ) Tj ET Q q 0 0 0 rg BT 363.41 456.10 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.31 456.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.64 456.10 Td ( ) Tj ET Q q 0 0 0 rg BT 405.78 456.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.24 456.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.60 456.10 Td (facility) Tj ET Q q 0 0 0 rg BT 463.69 456.10 Td (s ) Tj ET Q q 0 0 0 rg BT 470.72 456.10 Td (generation ) Tj ET Q q 0 0 0 rg BT 516.06 456.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 554.72 456.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 444.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 80.49 444.10 Td (for ) Tj ET Q q 0 0 0 rg BT 94.81 444.10 Td (preferential ) Tj ET Q q 0 0 0 rg BT 143.54 444.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 174.53 444.10 Td (under ) Tj ET Q q 0 0 0 rg BT 199.96 444.10 Td (Ireland) Tj ET Q q 0 0 0 rg BT 231.05 444.10 Td (s ) Tj ET Q q 0 0 0 rg BT 237.60 444.10 Td (renewable ) Tj ET Q q 0 0 0 rg BT 281.35 444.10 Td (feed-in ) Tj ET Q q 0 0 0 rg BT 312.32 444.10 Td (tarif) Tj ET Q q 0 0 0 rg BT 328.80 444.10 Td (f. ) Tj ET Q q 0 0 0 rg BT 337.10 444.10 Td (W) Tj ET Q q 0 0 0 rg BT 345.73 444.10 Td (e ) Tj ET Q q 0 0 0 rg BT 352.83 444.10 Td (commenced ) Tj ET Q q 0 0 0 rg BT 403.80 444.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 455.90 444.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.89 444.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.76 444.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 512.75 444.10 Td (in ) Tj ET Q q 0 0 0 rg BT 523.18 444.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.06 444.10 Td (fourth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 432.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 79.50 432.10 Td (of ) Tj ET Q q 0 0 0 rg BT 89.51 432.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 113.69 432.10 Td (with ) Tj ET Q q 0 0 0 rg BT 133.15 432.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 179.81 432.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 244.80 432.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 282.01 432.10 Td (in ) Tj ET Q q 0 0 0 rg BT 291.47 432.10 Td (late-2017. ) Tj ET Q q 0 0 0 rg BT 333.29 432.10 Td (W) Tj ET Q q 0 0 0 rg BT 341.93 432.10 Td (e ) Tj ET Q q 0 0 0 rg BT 348.05 432.10 Td (will ) Tj ET Q q 0 0 0 rg BT 365.29 432.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 396.39 432.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.29 432.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 440.29 432.10 Td (under ) Tj ET Q q 0 0 0 rg BT 464.74 432.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.86 432.10 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.86 432.10 Td (-year ) Tj ET Q q 0 0 0 rg BT 503.08 432.10 Td (public-private-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 420.10 Td (partnership, ) Tj ET Q q 0 0 0 rg BT 99.04 420.10 Td (after ) Tj ET Q q 0 0 0 rg BT 119.41 420.10 Td (which ) Tj ET Q q 0 0 0 rg BT 145.90 420.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 189.62 420.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.00 420.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.27 420.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 244.65 420.10 Td (will ) Tj ET Q q 0 0 0 rg BT 262.26 420.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 294.85 420.10 Td (to ) Tj ET Q q 0 0 0 rg BT 304.69 420.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.96 420.10 Td (City ) Tj ET Q q 0 0 0 rg BT 338.24 420.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.62 420.10 Td (Dublin. ) Tj ET Q q 0 0 0 rg BT 380.96 420.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 398.56 420.10 Td (total ) Tj ET Q q 0 0 0 rg BT 418.39 420.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 464.33 420.10 Td (in ) Tj ET Q q 0 0 0 rg BT 474.16 420.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.43 420.10 Td (project ) Tj ET Q q 0 0 0 rg BT 518.25 420.10 Td (is ) Tj ET Q q 0 0 0 rg BT 526.97 420.10 Td (expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 408.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.34 408.10 Td (be ) Tj ET Q q 0 0 0 rg BT 72.84 408.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.66 408.10 Td (500 ) Tj ET Q q 0 0 0 rg BT 156.72 408.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.61 408.10 Td (, ) Tj ET Q q 0 0 0 rg BT 191.17 408.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 222.00 408.10 Td (by ) Tj ET Q q 0 0 0 rg BT 235.06 408.10 Td (project ) Tj ET Q q 0 0 0 rg BT 265.88 408.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 293.94 408.10 Td (\(approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.09 408.10 Td (125 ) Tj ET Q q 0 0 0 rg BT 381.15 408.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.04 408.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 416.43 408.10 Td (and ) Tj ET Q q 0 0 0 rg BT 433.93 408.10 Td (third ) Tj ET Q q 0 0 0 rg BT 455.88 408.10 Td (party ) Tj ET Q q 0 0 0 rg BT 479.49 408.10 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 534.74 408.10 Td (project ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 396.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 89.84 396.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.17 396.10 Td (375 ) Tj ET Q q 0 0 0 rg BT 115.74 396.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.63 396.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 153.04 396.10 Td (For ) Tj ET Q q 0 0 0 rg BT 169.51 396.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 212.07 396.10 Td (information ) Tj ET Q q 0 0 0 rg BT 261.86 396.10 Td (related ) Tj ET Q q 0 0 0 rg BT 291.63 396.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.99 396.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 335.67 396.10 Td (for ) Tj ET Q q 0 0 0 rg BT 349.91 396.10 Td (this ) Tj ET Q q 0 0 0 rg BT 366.93 396.10 Td (project, ) Tj ET Q q 0 0 0 rg BT 399.77 396.10 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 415.11 396.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 436.57 396.10 Td (1) Tj ET Q q 0 0 0 rg BT 440.83 396.10 Td (1.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.33 396.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 450.90 396.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 506.81 396.10 Td (Debt) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 526.25 396.10 Td ( ) Tj ET Q q 0 0 0 rg BT 528.83 396.10 Td (- ) Tj ET Q q 0 0 0 rg BT 534.73 396.10 Td (Dublin ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 384.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.13 384.10 Td (oject ) Tj ET Q q 0 0 0 rg BT 81.06 384.10 Td (Financing.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 364.7669921875 m 277.5185546875 364.7669921875 l s q 0 0 0 rg BT 58.50 366.10 Td (New ) Tj ET Q q 0 0 0 rg BT 78.78 366.10 Td (Y) Tj ET Q q 0 0 0 rg BT 83.42 366.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 99.25 366.10 Td (City ) Tj ET Q q 0 0 0 rg BT 118.42 366.10 Td (W) Tj ET Q q 0 0 0 rg BT 125.83 366.10 Td (aste ) Tj ET Q q 0 0 0 rg BT 144.44 366.10 Td (T) Tj ET Q q 0 0 0 rg BT 149.45 366.10 Td (ransport ) Tj ET Q q 0 0 0 rg BT 186.40 366.10 Td (and ) Tj ET Q q 0 0 0 rg BT 203.90 366.10 Td (Disposal ) Tj ET Q q 0 0 0 rg BT 241.96 366.10 Td (Contract) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 348.10 Td (In ) Tj ET Q q 0 0 0 rg BT 68.55 348.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 92.77 348.10 Td (New ) Tj ET Q q 0 0 0 rg BT 113.12 348.10 Td (Y) Tj ET Q q 0 0 0 rg BT 119.34 348.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 134.39 348.10 Td (City's ) Tj ET Q q 0 0 0 rg BT 159.03 348.10 Td (Department ) Tj ET Q q 0 0 0 rg BT 207.96 348.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.01 348.10 Td (Sanitation ) Tj ET Q q 0 0 0 rg BT 260.28 348.10 Td (awarded ) Tj ET Q q 0 0 0 rg BT 295.87 348.10 Td (us ) Tj ET Q q 0 0 0 rg BT 306.48 348.10 Td (a ) Tj ET Q q 0 0 0 rg BT 312.64 348.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 346.56 348.10 Td (to ) Tj ET Q q 0 0 0 rg BT 356.06 348.10 Td (handle ) Tj ET Q q 0 0 0 rg BT 384.44 348.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 408.93 348.10 Td (transport ) Tj ET Q q 0 0 0 rg BT 446.20 348.10 Td (and ) Tj ET Q q 0 0 0 rg BT 462.36 348.10 Td (disposal ) Tj ET Q q 0 0 0 rg BT 496.86 348.10 Td (from ) Tj ET Q q 0 0 0 rg BT 518.02 348.10 Td (two ) Tj ET Q q 0 0 0 rg BT 534.74 348.10 Td (marine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 336.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 82.55 336.10 Td (stations ) Tj ET Q q 0 0 0 rg BT 115.62 336.10 Td (located ) Tj ET Q q 0 0 0 rg BT 147.01 336.10 Td (in ) Tj ET Q q 0 0 0 rg BT 157.30 336.10 Td (Queens ) Tj ET Q q 0 0 0 rg BT 189.81 336.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.76 336.10 Td (Manhattan. ) Tj ET Q q 0 0 0 rg BT 254.36 336.10 Td (W) Tj ET Q q 0 0 0 rg BT 263.00 336.10 Td (e ) Tj ET Q q 0 0 0 rg BT 269.95 336.10 Td (are ) Tj ET Q q 0 0 0 rg BT 284.67 336.10 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 320.51 336.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 356.34 336.10 Td (at ) Tj ET Q q 0 0 0 rg BT 366.07 336.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 400.25 336.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 437.19 336.10 Td (for ) Tj ET Q q 0 0 0 rg BT 451.37 336.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.10 336.10 Td (disposal ) Tj ET Q q 0 0 0 rg BT 501.39 336.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.24 336.10 Td (an ) Tj ET Q q 0 0 0 rg BT 524.19 336.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 324.10 Td (800,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 324.10 Td ( ) Tj ET Q q 0 0 0 rg BT 84.59 324.10 Td (tons ) Tj ET Q q 0 0 0 rg BT 103.85 324.10 Td (per ) Tj ET Q q 0 0 0 rg BT 119.21 324.10 Td (year ) Tj ET Q q 0 0 0 rg BT 139.00 324.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.92 324.10 Td (municipal ) Tj ET Q q 0 0 0 rg BT 192.50 324.10 Td (solid ) Tj ET Q q 0 0 0 rg BT 214.54 324.10 Td (waste. ) Tj ET Q q 0 0 0 rg BT 242.40 324.10 Td (Service ) Tj ET Q q 0 0 0 rg BT 274.97 324.10 Td (for ) Tj ET Q q 0 0 0 rg BT 289.22 324.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.03 324.10 Td (Queens ) Tj ET Q q 0 0 0 rg BT 336.61 324.10 Td (marine ) Tj ET Q q 0 0 0 rg BT 366.96 324.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 400.09 324.10 Td (station ) Tj ET Q q 0 0 0 rg BT 429.34 324.10 Td (began ) Tj ET Q q 0 0 0 rg BT 455.81 324.10 Td (in ) Tj ET Q q 0 0 0 rg BT 466.18 324.10 Td (early ) Tj ET Q q 0 0 0 rg BT 488.75 324.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 513.84 324.10 Td (with ) Tj ET Q q 0 0 0 rg BT 534.21 324.10 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 312.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.80 312.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.66 312.10 Td (Manhattan ) Tj ET Q q 0 0 0 rg BT 124.07 312.10 Td (marine ) Tj ET Q q 0 0 0 rg BT 154.47 312.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 187.65 312.10 Td (station ) Tj ET Q q 0 0 0 rg BT 216.96 312.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 255.13 312.10 Td (to ) Tj ET Q q 0 0 0 rg BT 265.55 312.10 Td (follow ) Tj ET Q q 0 0 0 rg BT 294.30 312.10 Td (pending ) Tj ET Q q 0 0 0 rg BT 329.16 312.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 356.23 312.10 Td (to ) Tj ET Q q 0 0 0 rg BT 366.65 312.10 Td (proceed ) Tj ET Q q 0 0 0 rg BT 400.94 312.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.36 312.10 Td (be ) Tj ET Q q 0 0 0 rg BT 423.44 312.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 451.08 312.10 Td (by ) Tj ET Q q 0 0 0 rg BT 463.72 312.10 Td (New ) Tj ET Q q 0 0 0 rg BT 484.85 312.10 Td (Y) Tj ET Q q 0 0 0 rg BT 491.08 312.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 507.05 312.10 Td (City) Tj ET Q q 0 0 0 rg BT 523.62 312.10 Td (, ) Tj ET Q q 0 0 0 rg BT 528.77 312.10 Td (which ) Tj ET Q q 0 0 0 rg BT 555.85 312.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 300.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 96.10 300.10 Td (in ) Tj ET Q q 0 0 0 rg BT 106.61 300.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 131.65 300.10 Td (The ) Tj ET Q q 0 0 0 rg BT 149.93 300.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 184.86 300.10 Td (is ) Tj ET Q q 0 0 0 rg BT 194.27 300.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.66 300.10 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.66 300.10 Td ( ) Tj ET Q q 0 0 0 rg BT 221.39 300.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 247.73 300.10 Td (ef) Tj ET Q q 0 0 0 rg BT 255.31 300.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 285.25 300.10 Td (from ) Tj ET Q q 0 0 0 rg BT 307.42 300.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.37 300.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 388.41 300.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.47 300.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 443.86 300.10 Td (at ) Tj ET Q q 0 0 0 rg BT 453.81 300.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.76 300.10 Td (Queens ) Tj ET Q q 0 0 0 rg BT 501.49 300.10 Td (marine ) Tj ET Q q 0 0 0 rg BT 531.98 300.10 Td (transfer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 288.10 Td (station ) Tj ET Q q 0 0 0 rg BT 78.39 288.10 Td (in ) Tj ET Q q 0 0 0 rg BT 88.39 288.10 Td (March ) Tj ET Q q 0 0 0 rg BT 116.71 288.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 141.43 288.10 Td (with ) Tj ET Q q 0 0 0 rg BT 161.44 288.10 Td (options ) Tj ET Q q 0 0 0 rg BT 193.11 288.10 Td (for ) Tj ET Q q 0 0 0 rg BT 206.99 288.10 Td (New ) Tj ET Q q 0 0 0 rg BT 227.77 288.10 Td (Y) Tj ET Q q 0 0 0 rg BT 233.99 288.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 249.54 288.10 Td (City ) Tj ET Q q 0 0 0 rg BT 268.99 288.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.99 288.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 307.87 288.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.31 288.10 Td (term ) Tj ET Q q 0 0 0 rg BT 342.86 288.10 Td (for ) Tj ET Q q 0 0 0 rg BT 356.74 288.10 Td (two ) Tj ET Q q 0 0 0 rg BT 373.96 288.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 416.18 288.10 Td (five-year ) Tj ET Q q 0 0 0 rg BT 454.48 288.10 Td (periods, ) Tj ET Q q 0 0 0 rg BT 488.65 288.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.31 288.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 539.74 288.10 Td (waste ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 276.10 Td (to ) Tj ET Q q 0 0 0 rg BT 58.88 276.10 Td (be ) Tj ET Q q 0 0 0 rg BT 69.92 276.10 Td (transported ) Tj ET Q q 0 0 0 rg BT 116.51 276.10 Td (using ) Tj ET Q q 0 0 0 rg BT 139.79 276.10 Td (a ) Tj ET Q q 0 0 0 rg BT 145.83 276.10 Td (multi-modal ) Tj ET Q q 0 0 0 rg BT 196.87 276.10 Td (approach. ) Tj ET Q q 0 0 0 rg BT 237.51 276.10 Td (W) Tj ET Q q 0 0 0 rg BT 246.14 276.10 Td (e ) Tj ET Q q 0 0 0 rg BT 252.19 276.10 Td (have ) Tj ET Q q 0 0 0 rg BT 272.67 276.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 308.70 276.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 355.01 276.10 Td (including ) Tj ET Q q 0 0 0 rg BT 394.39 276.10 Td (bar) Tj ET Q q 0 0 0 rg BT 406.98 276.10 Td (ges, ) Tj ET Q q 0 0 0 rg BT 424.41 276.10 Td (railcars, ) Tj ET Q q 0 0 0 rg BT 457.94 276.10 Td (containers, ) Tj ET Q q 0 0 0 rg BT 503.14 276.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.18 276.10 Td (intermodal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 264.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 94.35 264.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.76 264.10 Td (support ) Tj ET Q q 0 0 0 rg BT 137.40 264.10 Td (this ) Tj ET Q q 0 0 0 rg BT 154.48 264.10 Td (contract. ) Tj ET Q q 0 0 0 rg BT 191.63 264.10 Td (W) Tj ET Q q 0 0 0 rg BT 200.27 264.10 Td (e ) Tj ET Q q 0 0 0 rg BT 207.34 264.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 236.07 264.10 Td (that ) Tj ET Q q 0 0 0 rg BT 253.70 264.10 Td (our ) Tj ET Q q 0 0 0 rg BT 269.67 264.10 Td (total ) Tj ET Q q 0 0 0 rg BT 290.08 264.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 316.04 264.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 362.56 264.10 Td (will ) Tj ET Q q 0 0 0 rg BT 380.75 264.10 Td (be ) Tj ET Q q 0 0 0 rg BT 392.83 264.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.22 264.10 Td ($150 ) Tj ET Q q 0 0 0 rg BT 475.86 264.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.75 264.10 Td (, ) Tj ET Q q 0 0 0 rg BT 509.88 264.10 Td (including ) Tj ET Q q 0 0 0 rg BT 550.29 264.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 252.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.61 252.10 Td (to ) Tj ET Q q 0 0 0 rg BT 79.38 252.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 111.80 252.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 157.01 252.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.34 252.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.09 252.10 Td ($1) Tj ET Q q 0 0 0 rg BT 238.72 252.10 Td (14 ) Tj ET Q q 0 0 0 rg BT 251.72 252.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.61 252.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.61 252.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.04 252.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.80 252.10 Td ($36 ) Tj ET Q q 0 0 0 rg BT 379.80 252.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.69 252.10 Td ( ) Tj ET Q q 0 0 0 rg BT 411.69 252.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.01 252.10 Td (enhancements ) Tj ET Q q 0 0 0 rg BT 482.65 252.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.43 252.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 528.09 252.10 Td (facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 240.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.77 240.10 Td (will ) Tj ET Q q 0 0 0 rg BT 84.61 240.10 Td (be ) Tj ET Q q 0 0 0 rg BT 96.33 240.10 Td (part ) Tj ET Q q 0 0 0 rg BT 114.15 240.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.76 240.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.26 240.10 Td (network ) Tj ET Q q 0 0 0 rg BT 174.31 240.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.92 240.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 210.53 240.10 Td (supporting ) Tj ET Q q 0 0 0 rg BT 255.58 240.10 Td (this ) Tj ET Q q 0 0 0 rg BT 272.31 240.10 Td (contract. ) Tj ET Q q 0 0 0 rg BT 309.29 240.10 Td (During ) Tj ET Q q 0 0 0 rg BT 339.90 240.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.40 240.10 Td (years ) Tj ET Q q 0 0 0 rg BT 377.78 240.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.93 240.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 462.30 240.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 487.08 240.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 509.35 240.10 Td (and ) Tj ET Q q 0 0 0 rg BT 526.07 240.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.07 240.10 Td (, ) Tj ET Q q 0 0 0 rg BT 550.85 240.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 228.10 Td (invested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.80 228.10 Td ($3 ) Tj ET Q q 0 0 0 rg BT 98.78 228.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.67 228.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.15 228.10 Td ($31 ) Tj ET Q q 0 0 0 rg BT 151.12 228.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.01 228.10 Td ( ) Tj ET Q q 0 0 0 rg BT 182.99 228.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.40 228.10 Td ($59 ) Tj ET Q q 0 0 0 rg BT 218.38 228.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.27 228.10 Td (, ) Tj ET Q q 0 0 0 rg BT 252.75 228.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 300.41 228.10 Td (, ) Tj ET Q q 0 0 0 rg BT 305.88 228.10 Td (in ) Tj ET Q q 0 0 0 rg BT 316.64 228.10 Td (property) Tj ET Q q 0 0 0 rg BT 349.87 228.10 Td (, ) Tj ET Q q 0 0 0 rg BT 355.34 228.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 378.31 228.10 Td (and ) Tj ET Q q 0 0 0 rg BT 395.73 228.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 440.92 228.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 474.43 228.10 Td (to ) Tj ET Q q 0 0 0 rg BT 485.19 228.10 Td (this ) Tj ET Q q 0 0 0 rg BT 502.61 228.10 Td (contract. ) Tj ET Q q 0 0 0 rg BT 540.29 228.10 Td (Since ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 216.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 74.50 216.10 Td (we ) Tj ET Q q 0 0 0 rg BT 88.66 216.10 Td (have ) Tj ET Q q 0 0 0 rg BT 110.04 216.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 145.86 216.10 Td (a ) Tj ET Q q 0 0 0 rg BT 152.80 216.10 Td (total ) Tj ET Q q 0 0 0 rg BT 173.07 216.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.90 216.10 Td ($1) Tj ET Q q 0 0 0 rg BT 193.53 216.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 206.03 216.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.92 216.10 Td ( ) Tj ET Q q 0 0 0 rg BT 237.42 216.10 Td (in ) Tj ET Q q 0 0 0 rg BT 247.70 216.10 Td (property) Tj ET Q q 0 0 0 rg BT 280.93 216.10 Td (, ) Tj ET Q q 0 0 0 rg BT 285.93 216.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 308.43 216.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.36 216.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 370.08 216.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 403.12 216.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.40 216.10 Td (this ) Tj ET Q q 0 0 0 rg BT 430.34 216.10 Td (contract.) 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666.10 Td (EfW) Tj ET Q q 0 0 0 rg BT 309.79 666.10 Td ( ) Tj ET Q q 0 0 0 rg BT 312.89 666.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 344.31 666.10 Td (located ) Tj ET Q q 0 0 0 rg BT 376.29 666.10 Td (in ) Tj ET Q q 0 0 0 rg BT 387.17 666.10 Td (Jiangsu ) Tj ET Q q 0 0 0 rg BT 420.27 666.10 Td (Province ) Tj ET Q q 0 0 0 rg BT 458.92 666.10 Td (\("T) Tj ET Q q 0 0 0 rg BT 471.74 666.10 Td (aixing"\), ) Tj ET Q q 0 0 0 rg BT 509.75 666.10 Td (a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.69 666.10 Td (49%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.02 666.10 Td (equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 81.47 654.10 Td (in ) Tj ET Q q 0 0 0 rg BT 91.78 654.10 Td (an ) Tj ET Q q 0 0 0 rg BT 103.75 654.10 Td (EfW) Tj ET Q q 0 0 0 rg BT 122.45 654.10 Td ( ) Tj ET Q q 0 0 0 rg BT 124.98 654.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 155.84 654.10 Td (located ) Tj ET Q q 0 0 0 rg BT 187.24 654.10 Td (in ) Tj ET Q q 0 0 0 rg BT 197.56 654.10 Td (Sichuan ) Tj ET Q q 0 0 0 rg BT 232.31 654.10 Td (Province ) Tj ET Q q 0 0 0 rg BT 270.39 654.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.36 654.10 Td (a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.30 654.10 Td (40%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.63 654.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 342.66 654.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 374.63 654.10 Td (in ) Tj ET Q q 0 0 0 rg BT 384.94 654.10 Td (Chongqing ) Tj ET Q q 0 0 0 rg BT 431.92 654.10 Td (Sanfeng ) Tj ET Q q 0 0 0 rg BT 467.22 654.10 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 503.08 654.10 Td (Environmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.10 Td (Industry ) Tj ET Q q 0 0 0 rg BT 84.44 642.10 Td (Co., ) Tj ET Q q 0 0 0 rg BT 102.72 642.10 Td (a ) Tj ET Q q 0 0 0 rg BT 108.77 642.10 Td (company ) Tj ET Q q 0 0 0 rg BT 147.04 642.10 Td (located ) Tj ET Q q 0 0 0 rg BT 177.52 642.10 Td (in ) Tj ET Q q 0 0 0 rg BT 186.91 642.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.73 642.10 Td (Chongqing ) Tj ET Q q 0 0 0 rg BT 246.79 642.10 Td (Municipality ) Tj ET Q q 0 0 0 rg BT 300.06 642.10 Td (that ) Tj ET Q q 0 0 0 rg BT 316.67 642.10 Td (is ) Tj ET Q q 0 0 0 rg BT 324.95 642.10 Td (engaged ) Tj ET Q q 0 0 0 rg BT 359.87 642.10 Td (in ) Tj ET Q q 0 0 0 rg BT 369.26 642.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.09 642.10 Td (business ) Tj ET Q q 0 0 0 rg BT 418.59 642.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.53 642.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 469.03 642.10 Td (design ) Tj ET Q q 0 0 0 rg BT 496.75 642.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.80 642.10 Td (engineering, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.10 Td (procurement, ) Tj ET Q q 0 0 0 rg BT 104.32 630.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 155.54 630.10 Td (services ) Tj ET Q q 0 0 0 rg BT 189.53 630.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.76 630.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 249.76 630.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 270.98 630.10 Td (for ) Tj ET Q q 0 0 0 rg BT 284.43 630.10 Td (EfW) Tj ET Q q 0 0 0 rg BT 303.13 630.10 Td ( ) Tj ET Q q 0 0 0 rg BT 304.92 630.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 341.13 630.10 Td (in ) Tj ET Q q 0 0 0 rg BT 350.70 630.10 Td (China, ) Tj ET Q q 0 0 0 rg BT 378.87 630.10 Td (as ) Tj ET Q q 0 0 0 rg BT 388.99 630.10 Td (well ) Tj ET Q q 0 0 0 rg BT 407.99 630.10 Td (as ) Tj ET Q q 0 0 0 rg BT 418.11 630.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 457.66 630.10 Td (services ) Tj ET Q q 0 0 0 rg BT 491.65 630.10 Td (for ) Tj ET Q q 0 0 0 rg BT 505.10 630.10 Td (EfW) Tj ET Q q 0 0 0 rg BT 523.80 630.10 Td ( ) Tj ET Q q 0 0 0 rg BT 525.58 630.10 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 565.01 630.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.10 Td (During ) Tj ET Q q 0 0 0 rg BT 80.19 618.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 105.04 618.10 Td (we ) Tj ET Q q 0 0 0 rg BT 119.06 618.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 163.07 618.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.64 618.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 217.76 618.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.44 618.10 Td (our ) Tj ET Q q 0 0 0 rg BT 244.13 618.10 Td (project ) Tj ET Q q 0 0 0 rg BT 274.25 618.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 318.27 618.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 353.95 618.10 Td (in ) Tj ET Q q 0 0 0 rg BT 364.09 618.10 Td (China ) Tj ET Q q 0 0 0 rg BT 390.33 618.10 Td (for ) Tj ET Q q 0 0 0 rg BT 404.35 618.10 Td (a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.29 618.10 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.62 618.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 476.14 618.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 507.93 618.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.06 618.10 Td (Chongqing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.10 Td (Sanfeng ) Tj ET Q q 0 0 0 rg BT 85.30 606.10 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 147.75 606.10 Td (Industrial ) Tj ET Q q 0 0 0 rg BT 189.10 606.10 Td (Group, ) Tj ET Q q 0 0 0 rg BT 220.18 606.10 Td (Co., ) Tj ET Q q 0 0 0 rg BT 239.88 606.10 Td (Ltd ) Tj ET Q q 0 0 0 rg BT 256.79 606.10 Td (\("Sanfeng ) Tj ET Q q 0 0 0 rg BT 300.00 606.10 Td (Environment"\) ) Tj ET Q q 0 0 0 rg BT 362.65 606.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.12 606.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 435.36 606.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 455.06 606.10 Td (approximately) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.32 606.10 Td (90%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.65 606.10 Td (of ) Tj ET Q q 0 0 0 rg BT 547.51 606.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 81.29 594.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.43 594.10 Td (a ) Tj ET Q q 0 0 0 rg BT 98.23 594.10 Td (third-party) Tj ET Q q 0 0 0 rg BT 140.34 594.10 Td (, ) Tj ET Q q 0 0 0 rg BT 145.20 594.10 Td (a ) Tj ET Q q 0 0 0 rg BT 152.00 594.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 195.46 594.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.15 594.10 Td (CITIC ) Tj ET Q q 0 0 0 rg BT 234.62 594.10 Td (Limited, ) Tj ET Q q 0 0 0 rg BT 271.14 594.10 Td (a ) Tj ET Q q 0 0 0 rg BT 277.93 594.10 Td (leading ) Tj ET Q q 0 0 0 rg BT 309.72 594.10 Td (Chinese ) Tj ET Q q 0 0 0 rg BT 344.30 594.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 384.43 594.10 Td (conglomerate ) Tj ET Q q 0 0 0 rg BT 441.21 594.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.01 594.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 504.25 594.10 Td (company) Tj ET Q q 0 0 0 rg BT 540.25 594.10 Td (. ) Tj ET Q q 0 0 0 rg BT 544.59 594.10 Td (As ) Tj ET Q q 0 0 0 rg BT 558.06 594.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 76.19 582.10 Td (during ) Tj ET Q q 0 0 0 rg BT 104.27 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.46 582.10 Td (year ) Tj ET Q q 0 0 0 rg BT 137.64 582.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 163.49 582.10 Td (December ) Tj ET Q q 0 0 0 rg BT 206.55 582.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 221.02 582.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 245.49 582.10 Td (we ) Tj ET Q q 0 0 0 rg BT 259.12 582.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 296.07 582.10 Td (a ) Tj ET Q q 0 0 0 rg BT 302.48 582.10 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 332.77 582.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 351.96 582.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.79 582.10 Td ($41 ) Tj ET Q q 0 0 0 rg BT 379.76 582.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.66 582.10 Td (. ) Tj ET Q q 0 0 0 rg BT 412.99 582.10 Td (W) Tj ET Q q 0 0 0 rg BT 421.62 582.10 Td (e ) Tj ET Q q 0 0 0 rg BT 428.03 582.10 Td (received ) Tj ET Q q 0 0 0 rg BT 463.87 582.10 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 494.16 582.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 531.67 582.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.50 582.10 Td ($105 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 570.10 Td (. ) Tj ET Q q 0 0 0 rg BT 82.97 570.10 Td (The ) Tj ET Q q 0 0 0 rg BT 100.75 570.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 120.20 570.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 154.09 570.10 Td (from ) Tj ET Q q 0 0 0 rg BT 175.76 570.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.22 570.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 218.55 570.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.12 570.10 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 259.67 570.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 297.44 570.10 Td (over ) Tj ET Q q 0 0 0 rg BT 317.44 570.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.90 570.10 Td (cost-method ) Tj ET Q q 0 0 0 rg BT 383.56 570.10 Td (book ) Tj ET Q q 0 0 0 rg BT 405.80 570.10 Td (value ) Tj ET Q q 0 0 0 rg BT 429.69 570.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.52 570.10 Td ($70 ) Tj ET Q q 0 0 0 rg BT 457.76 570.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 570.10 Td (, ) Tj ET Q q 0 0 0 rg BT 491.38 570.10 Td (plus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.55 570.10 Td ($5 ) Tj ET Q q 0 0 0 rg BT 522.79 570.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.68 570.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 83.13 558.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 106.23 558.10 Td (on ) Tj ET Q q 0 0 0 rg BT 118.22 558.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.42 558.10 Td (related ) Tj ET Q q 0 0 0 rg BT 161.61 558.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 208.03 558.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 238.90 558.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 275.86 558.10 Td (translation ) Tj ET Q q 0 0 0 rg BT 320.06 558.10 Td (adjustment, ) Tj ET Q q 0 0 0 rg BT 368.43 558.10 Td (that ) Tj ET Q q 0 0 0 rg BT 385.41 558.10 Td (were ) Tj ET Q q 0 0 0 rg BT 406.83 558.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 454.35 558.10 Td (out ) Tj ET Q q 0 0 0 rg BT 469.12 558.10 Td (of ) Tj ET Q q 0 0 0 rg BT 479.44 558.10 Td (other ) Tj ET Q q 0 0 0 rg BT 501.97 558.10 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 84.53 546.10 Td (Subsequent ) Tj ET Q q 0 0 0 rg BT 133.74 546.10 Td (to ) Tj ET Q q 0 0 0 rg BT 144.62 546.10 Td (completing ) Tj ET Q q 0 0 0 rg BT 192.71 546.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.03 546.10 Td (exchange, ) Tj ET Q q 0 0 0 rg BT 251.38 546.10 Td (Sanfeng ) Tj ET Q q 0 0 0 rg BT 287.25 546.10 Td (Environment ) Tj ET Q q 0 0 0 rg BT 342.56 546.10 Td (has ) Tj ET Q q 0 0 0 rg BT 358.99 546.10 Td (made ) Tj ET Q q 0 0 0 rg BT 383.74 546.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 414.04 546.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 443.25 546.10 Td (for ) Tj ET Q q 0 0 0 rg BT 458.01 546.10 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 524.42 546.10 Td (under ) Tj ET Q q 0 0 0 rg BT 550.29 546.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 93.66 534.10 Td (related ) Tj ET Q q 0 0 0 rg BT 123.39 534.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.69 534.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.43 534.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 188.72 534.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.57 534.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.31 534.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 245.15 534.10 Td (in ) Tj ET Q q 0 0 0 rg BT 255.27 534.10 Td (T) Tj ET Q q 0 0 0 rg BT 260.68 534.10 Td (aixing. ) Tj ET Q q 0 0 0 rg BT 290.52 534.10 Td (T) Tj ET Q q 0 0 0 rg BT 295.93 534.10 Td (o ) Tj ET Q q 0 0 0 rg BT 303.45 534.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.19 534.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 345.14 534.10 Td (that ) Tj ET Q q 0 0 0 rg BT 362.66 534.10 Td (any ) Tj ET Q q 0 0 0 rg BT 379.62 534.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 416.58 534.10 Td (is ) Tj ET Q q 0 0 0 rg BT 425.77 534.10 Td (made ) Tj ET Q q 0 0 0 rg BT 449.95 534.10 Td (related ) Tj ET Q q 0 0 0 rg BT 479.67 534.10 Td (to ) Tj ET Q q 0 0 0 rg BT 489.97 534.10 Td (these ) Tj ET Q q 0 0 0 rg BT 513.04 534.10 Td (claims, ) Tj ET Q q 0 0 0 rg BT 544.17 534.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.00 522.10 Td (could ) Tj ET Q q 0 0 0 rg BT 106.71 522.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 135.86 522.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.57 522.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 170.29 522.10 Td (as ) Tj ET Q q 0 0 0 rg BT 181.12 522.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 218.60 522.10 Td (in ) Tj ET Q q 0 0 0 rg BT 228.88 522.10 Td (a ) Tj ET Q q 0 0 0 rg BT 235.81 522.10 Td (future ) Tj ET Q q 0 0 0 rg BT 262.19 522.10 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 507.10 Td (In ) Tj ET Q q 0 0 0 rg BT 69.97 507.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 116.98 507.10 Td (with ) Tj ET Q q 0 0 0 rg BT 137.90 507.10 Td (these ) Tj ET Q q 0 0 0 rg BT 161.59 507.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 214.99 507.10 Td (we ) Tj ET Q q 0 0 0 rg BT 229.79 507.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 262.35 507.10 Td (into ) Tj ET Q q 0 0 0 rg BT 281.05 507.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 313.07 507.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 351.18 507.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 392.07 507.10 Td (collars ) Tj ET Q q 0 0 0 rg BT 421.87 507.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.45 507.10 Td (forwards ) Tj ET Q q 0 0 0 rg BT 478.13 507.10 Td (to ) Tj ET Q q 0 0 0 rg BT 489.05 507.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 516.06 507.10 Td (against ) Tj ET Q q 0 0 0 rg BT 547.53 507.10 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 495.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 99.21 495.10 Td (that ) Tj ET Q q 0 0 0 rg BT 116.71 495.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 155.86 495.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.57 495.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 190.84 495.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 228.88 495.10 Td (in ) Tj ET Q q 0 0 0 rg BT 239.16 495.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 259.44 495.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 285.27 495.10 Td (terms. ) Tj ET Q q 0 0 0 rg BT 312.48 495.10 Td (For ) Tj ET Q q 0 0 0 rg BT 328.88 495.10 Td (more ) Tj ET Q q 0 0 0 rg BT 351.92 495.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 404.13 495.10 Td (see) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 419.40 495.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 440.79 495.10 Td (13.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.29 495.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 455.79 495.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 500.49 495.10 Td (Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.71 495.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 480.10 Td (As ) Tj ET Q q 0 0 0 rg BT 71.77 480.10 Td (ofDecember31, ) Tj ET Q q 0 0 0 rg BT 140.84 480.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 165.49 480.10 Td (our ) Tj ET Q q 0 0 0 rg BT 180.98 480.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 223.67 480.10 Td (cost-method ) Tj ET Q q 0 0 0 rg BT 275.26 480.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 321.30 480.10 Td (in ) Tj ET Q q 0 0 0 rg BT 331.23 480.10 Td (Sanfeng ) Tj ET Q q 0 0 0 rg BT 366.15 480.10 Td (Environment ) Tj ET Q q 0 0 0 rg BT 420.52 480.10 Td (totaled) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.23 480.10 Td ($7 ) Tj ET Q q 0 0 0 rg BT 462.39 480.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.28 480.10 Td (and ) Tj ET Q q 0 0 0 rg BT 510.37 480.10 Td (was ) Tj ET Q q 0 0 0 rg BT 528.08 480.10 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 468.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.55 468.10 Td (our ) Tj ET Q q 0 0 0 rg BT 77.15 468.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 130.97 468.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 164.77 468.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 188.59 468.10 Td (as ) Tj ET Q q 0 0 0 rg BT 200.20 468.10 Td (a ) Tj ET Q q 0 0 0 rg BT 207.91 468.10 Td (component ) Tj ET Q q 0 0 0 rg BT 255.62 468.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.22 468.10 Td ("Other ) Tj ET Q q 0 0 0 rg BT 297.34 468.10 Td (assets". ) Tj ET Q q 0 0 0 rg BT 330.29 468.10 Td (There ) Tj ET Q q 0 0 0 rg BT 356.88 468.10 Td (were ) Tj ET Q q 0 0 0 rg BT 379.58 468.10 Td (no ) Tj ET Q q 0 0 0 rg BT 392.85 468.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 442.22 468.10 Td (indicators ) Tj ET Q q 0 0 0 rg BT 484.93 468.10 Td (related ) Tj ET Q q 0 0 0 rg BT 515.41 468.10 Td (to ) Tj ET Q q 0 0 0 rg BT 526.46 468.10 Td (our ) Tj ET Q q 0 0 0 rg BT 543.06 468.10 Td (cost-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 456.10 Td (method ) Tj ET Q q 0 0 0 rg BT 82.00 456.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 128.38 456.10 Td (during ) Tj ET Q q 0 0 0 rg BT 156.99 456.10 Td (theyear ) Tj ET Q q 0 0 0 rg BT 191.41 456.10 Td (endedDecember31, ) Tj ET Q q 0 0 0 rg BT 276.37 456.10 Td (2016. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 61.5 439.7669921875 m 138.990234375 439.7669921875 l s q 0 0 0 rg BT 61.50 441.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 103.99 441.10 Td (Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 426.10 Td (During ) Tj ET Q q 0 0 0 rg BT 89.89 426.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 115.46 426.10 Td (we ) Tj ET Q q 0 0 0 rg BT 130.18 426.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 149.92 426.10 Td (our ) Tj ET Q q 0 0 0 rg BT 166.31 426.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 207.69 426.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 251.86 426.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.36 426.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 307.40 426.10 Td (a ) Tj ET Q q 0 0 0 rg BT 314.91 426.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 354.07 426.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 403.23 426.10 Td (char) Tj ET Q q 0 0 0 rg BT 420.26 426.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 432.76 426.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 426.10 Td ($14 ) Tj ET Q q 0 0 0 rg BT 462.22 426.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.11 426.10 Td ( ) Tj ET Q q 0 0 0 rg BT 494.17 426.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 538.89 426.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 426.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.10 Td (write-down ) Tj ET Q q 0 0 0 rg BT 98.10 414.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.93 414.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.65 414.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 159.46 414.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 191.96 414.10 Td (in ) Tj ET Q q 0 0 0 rg BT 202.23 414.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 230.83 414.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.66 414.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.38 414.10 Td (realizable ) Tj ET Q q 0 0 0 rg BT 297.74 414.10 Td (fair ) Tj ET Q q 0 0 0 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rg BT 89.50 369.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.38 369.10 Td (second ) Tj ET Q q 0 0 0 rg BT 134.81 369.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 165.79 369.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.79 369.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 201.95 369.10 Td (we ) Tj ET Q q 0 0 0 rg BT 216.28 369.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 263.92 369.10 Td (that ) Tj ET Q q 0 0 0 rg BT 281.58 369.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.46 369.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 322.46 369.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.56 369.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 379.44 369.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 423.20 369.10 Td (with ) Tj ET Q q 0 0 0 rg BT 443.65 369.10 Td (our ) Tj ET Q q 0 0 0 rg BT 459.64 369.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 495.63 369.10 Td (in ) Tj ET Q q 0 0 0 rg BT 506.08 369.10 Td (China ) Tj ET Q q 0 0 0 rg BT 532.63 369.10 Td (met ) Tj ET Q q 0 0 0 rg BT 550.29 369.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 357.10 Td 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0 0 rg BT 99.77 333.10 Td (as ) Tj ET Q q 0 0 0 rg BT 110.60 333.10 Td (a ) Tj ET Q q 0 0 0 rg BT 117.54 333.10 Td (single ) Tj ET Q q 0 0 0 rg BT 143.93 333.10 Td (disposal ) Tj ET Q q 0 0 0 rg BT 179.21 333.10 Td (group ) Tj ET Q q 0 0 0 rg BT 205.04 333.10 Td (under ) Tj ET Q q 0 0 0 rg BT 230.31 333.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.02 333.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 288.61 333.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 334.98 333.10 Td (guidance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 318.10 Td (The ) Tj ET Q q 0 0 0 rg BT 77.33 318.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 103.94 318.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.67 318.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 162.17 318.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 206.54 318.10 Td (with ) Tj ET Q q 0 0 0 rg BT 227.61 318.10 Td (our ) Tj ET Q q 0 0 0 rg BT 244.22 318.10 Td (China ) Tj ET Q q 0 0 0 rg BT 271.39 318.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 322.45 318.10 Td (are ) Tj ET Q q 0 0 0 rg BT 337.94 318.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 379.54 318.10 Td (in ) Tj ET Q q 0 0 0 rg BT 390.60 318.10 Td (our ) Tj ET Q q 0 0 0 rg BT 407.21 318.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 461.04 318.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 494.85 318.10 Td (sheets ) Tj ET Q q 0 0 0 rg BT 522.58 318.10 Td (as ) Tj ET Q q 0 0 0 rg BT 534.19 318.10 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.10 Td ("Assets ) Tj ET Q q 0 0 0 rg BT 81.88 306.10 Td (Held ) Tj ET Q q 0 0 0 rg BT 103.50 306.10 Td (for ) Tj ET Q q 0 0 0 rg BT 117.35 306.10 Td (Sale ) Tj ET Q q 0 0 0 rg BT 141.19 306.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.81 306.10 Td (current ) Tj ET Q q 0 0 0 rg BT 188.31 306.10 Td ("Liabilities ) Tj ET Q q 0 0 0 rg BT 235.13 306.10 Td (Held ) Tj ET Q q 0 0 0 rg BT 256.75 306.10 Td (for ) Tj ET Q q 0 0 0 rg BT 270.60 306.10 Td (Sale. ) Tj ET Q q 0 0 0 rg BT 296.78 306.10 Td (The ) Tj ET Q q 0 0 0 rg BT 314.51 306.10 Td (following ) Tj ET Q q 0 0 0 rg BT 355.58 306.10 Td (table ) Tj ET Q q 0 0 0 rg BT 377.20 306.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 394.39 306.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 416.01 306.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.41 306.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 455.93 306.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.55 306.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 511.95 306.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.47 306.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.39 306.10 Td (Assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.10 Td (Held ) Tj ET Q q 0 0 0 rg BT 71.44 294.10 Td (for ) Tj ET Q q 0 0 0 rg BT 85.60 294.10 Td (Sale ) Tj ET Q q 0 0 0 rg BT 105.32 294.10 Td (included ) Tj ET Q q 0 0 0 rg BT 142.25 294.10 Td (in ) Tj ET Q q 0 0 0 rg BT 152.53 294.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.24 294.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 220.29 294.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 253.32 294.10 Td (sheets ) Tj ET Q q 0 0 0 rg BT 280.26 294.10 Td (as ) Tj ET Q q 0 0 0 rg BT 291.09 294.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.92 294.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.63 294.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 339.68 294.10 Td (indicated ) Tj ET Q q 0 0 0 rg BT 378.83 294.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 392.44 294.10 Td (millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 76.50 239.60 348.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 239.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 239.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 239.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 239.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 76.50 209.60 348.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 209.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 209.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 209.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 209.60 51.00 -15.00 re f /GS0 gs 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239.60000000000002 m 479.5 239.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 252.60000000000002 m 534.5 252.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 239.60000000000002 m 534.5 239.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 239.60000000000002 m 479.5 239.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 239.60000000000002 m 534.5 239.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 164.60000000000002 m 479.5 164.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 164.60000000000002 m 534.5 164.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 150.60000000000002 m 479.5 150.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 148.60000000000002 m 479.5 148.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 150.60000000000002 m 534.5 150.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 148.60000000000002 m 534.5 148.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 83.60000000000002 m 479.5 83.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 83.60000000000002 m 534.5 83.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 83.60000000000002 m 479.5 83.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 69.60000000000002 m 479.5 69.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 67.60000000000002 m 479.5 67.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 69.60000000000002 m 534.5 69.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 67.60000000000002 m 534.5 67.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 79.00 256.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.95 256.83 Td (As of December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 79.00 243.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.50 243.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.50 243.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 229.27 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 229.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 229.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.00 229.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 229.27 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 214.27 Td (Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 214.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 214.27 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 199.27 Td (Prepaid expenses and other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 199.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 199.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 184.27 Td (Property, plant and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 184.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 184.27 Td (49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 169.27 Td (Other noncurrent assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 169.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 169.27 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.00 154.27 Td (Assets held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 154.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 154.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.00 154.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 154.27 Td (97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 133.27 Td (Current portion of project debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 133.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 133.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.00 133.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 133.27 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 118.27 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 118.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 118.27 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 103.27 Td (Accrued expenses and other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 103.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 103.27 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 88.27 Td (Project debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 88.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 88.27 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.00 73.27 Td (Liabilities held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 73.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 73.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.00 73.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 73.27 Td (23) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 161 0 obj <>] /Rotate 0 /Contents 162 0 R>> endobj 162 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (80) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 731.25 Td (Discontinued ) Tj ET Q q 0 0 0 rg BT 108.12 731.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 158.40 731.25 Td (Summary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 713.25 Td (During ) Tj ET Q q 0 0 0 rg BT 89.97 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 105.32 713.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 132.90 713.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 164.35 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 175.82 713.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 201.45 713.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 227.92 713.25 Td (related ) Tj ET Q q 0 0 0 rg BT 258.26 713.25 Td (to ) Tj ET Q q 0 0 0 rg BT 269.18 713.25 Td (our ) Tj ET Q q 0 0 0 rg BT 285.64 713.25 Td (development ) Tj ET Q q 0 0 0 rg BT 340.43 713.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 379.67 713.25 Td (in ) Tj ET Q q 0 0 0 rg BT 390.58 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 405.94 713.25 Td (United ) Tj ET Q q 0 0 0 rg BT 436.29 713.25 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 477.21 713.25 Td (met ) Tj ET Q q 0 0 0 rg BT 495.34 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 510.69 713.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 542.14 713.25 Td (to ) Tj ET Q q 0 0 0 rg BT 553.06 713.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 90.87 701.25 Td (in ) Tj ET Q q 0 0 0 rg BT 101.71 701.25 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 155.87 701.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 202.86 701.25 Td (The ) Tj ET Q q 0 0 0 rg BT 221.47 701.25 Td (results ) Tj ET Q q 0 0 0 rg BT 250.64 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 262.02 701.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 306.74 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 318.13 701.25 Td (these ) Tj ET Q q 0 0 0 rg BT 341.73 701.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 387.01 701.25 Td (for ) Tj ET Q q 0 0 0 rg BT 401.73 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 417.00 701.25 Td (year ) Tj ET Q q 0 0 0 rg BT 437.27 701.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 464.20 701.25 Td (December ) Tj ET Q q 0 0 0 rg BT 508.35 701.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 523.90 701.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 546.96 701.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.25 Td (comprised ) Tj ET Q q 0 0 0 rg BT 93.17 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 103.51 689.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 128.29 689.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 168.06 689.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 201.72 689.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.06 689.25 Td ($1 ) Tj ET Q q 0 0 0 rg BT 224.08 689.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.97 689.25 Td ( ) Tj ET Q q 0 0 0 rg BT 254.98 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 271.43 689.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 296.21 689.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 335.98 689.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 370.20 689.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.54 689.25 Td ($1 ) Tj ET Q q 0 0 0 rg BT 392.56 689.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.45 689.25 Td (. ) Tj ET Q q 0 0 0 rg BT 425.81 689.25 Td (The ) Tj ET Q q 0 0 0 rg BT 443.37 689.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 463.15 689.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 487.39 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 497.73 689.25 Td (these ) Tj ET Q q 0 0 0 rg BT 520.29 689.25 Td (businesses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.25 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 78.38 677.25 Td (year ) Tj ET Q q 0 0 0 rg BT 98.08 677.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 124.46 677.25 Td (December ) Tj ET Q q 0 0 0 rg BT 168.04 677.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 183.04 677.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 205.54 677.25 Td (were ) Tj ET Q q 0 0 0 rg BT 227.47 677.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 268.29 677.25 Td (separately ) Tj ET Q q 0 0 0 rg BT 311.32 677.25 Td (in ) Tj ET Q q 0 0 0 rg BT 321.60 677.25 Td (our ) Tj ET Q q 0 0 0 rg BT 337.43 677.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 390.47 677.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 435.18 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 446.01 677.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 466.28 677.25 Td (flows. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 647.25 Td (NOTE 5. EQUITY) Tj ET Q q 0 0 0 rg BT 129.42 647.25 Td ( ) Tj ET Q q 0 0 0 rg BT 131.37 647.25 Td (AND EARNINGS PER SHARE \("EPS"\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 630.25 Td (Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 615.25 Td (In ) Tj ET Q q 0 0 0 rg BT 74.74 615.25 Td (May ) Tj ET Q q 0 0 0 rg BT 96.47 615.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 122.38 615.25 Td (the ) Tj ET Q q 0 0 0 rg BT 138.01 615.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 191.96 615.25 Td (of ) Tj ET Q q 0 0 0 rg BT 203.70 615.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.32 615.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 261.62 615.25 Td (approved ) Tj ET Q q 0 0 0 rg BT 302.23 615.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.85 615.25 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 354.59 615.25 Td (Holding ) Tj ET Q q 0 0 0 rg BT 390.77 615.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 442.50 615.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 465.91 615.25 Td (Equity ) Tj ET Q q 0 0 0 rg BT 495.23 615.25 Td (A) Tj ET Q q 0 0 0 rg BT 501.54 615.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 524.93 615.25 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 548.62 615.25 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 603.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 91.99 603.25 Td (information, ) Tj ET Q q 0 0 0 rg BT 144.20 603.25 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 159.47 603.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 180.86 603.25 Td (17.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 193.36 603.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 195.86 603.25 Td (Stock-Based ) Tj ET Q q 0 0 0 rg BT 247.60 603.25 Td (A) Tj ET Q q 0 0 0 rg BT 253.16 603.25 Td (war) Tj ET Q q 0 0 0 rg BT 268.35 603.25 Td (d ) Tj ET Q q 0 0 0 rg BT 275.85 603.25 Td (Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.63 603.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 587.25 Td (During ) Tj ET Q q 0 0 0 rg BT 91.87 587.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.13 587.25 Td (year ) Tj ET Q q 0 0 0 rg BT 125.37 587.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.29 587.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 209.42 587.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.42 587.25 Td (, ) Tj ET Q q 0 0 0 rg BT 233.96 587.25 Td (we ) Tj ET Q q 0 0 0 rg BT 247.66 587.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 279.68 587.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 310.04 587.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.41 587.25 Td (761,426) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.91 587.25 Td ( ) Tj ET Q q 0 0 0 rg BT 354.95 587.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 381.98 587.25 Td (of ) Tj ET Q q 0 0 0 rg BT 392.35 587.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 431.59 587.25 Td (stock, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.24 587.25 Td (888,144) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.74 587.25 Td ( ) Tj ET Q q 0 0 0 rg BT 491.78 587.25 Td (of ) Tj ET Q q 0 0 0 rg BT 502.15 587.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 541.39 587.25 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 575.25 Td (units ) Tj ET Q q 0 0 0 rg BT 73.03 575.25 Td (and ) Tj ET Q q 0 0 0 rg BT 91.56 575.25 Td (withheld ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.64 575.25 Td (210,438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.14 575.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 194.72 575.25 Td (of ) Tj ET Q q 0 0 0 rg BT 207.13 575.25 Td (our ) Tj ET Q q 0 0 0 rg BT 224.55 575.25 Td (common ) Tj ET Q q 0 0 0 rg BT 263.63 575.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 288.82 575.25 Td (in ) Tj ET Q q 0 0 0 rg BT 300.69 575.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 348.65 575.25 Td (with ) Tj ET Q q 0 0 0 rg BT 370.51 575.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 386.81 575.25 Td (withholdings ) Tj ET Q q 0 0 0 rg BT 443.13 575.25 Td (for ) Tj ET Q q 0 0 0 rg BT 458.87 575.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 488.50 575.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 513.70 575.25 Td (awards. ) Tj ET Q q 0 0 0 rg BT 548.60 575.25 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 563.25 Td (information ) Tj ET Q q 0 0 0 rg BT 99.21 563.25 Td (related ) Tj ET Q q 0 0 0 rg BT 128.91 563.25 Td (to ) Tj ET Q q 0 0 0 rg BT 139.19 563.25 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 188.90 563.25 Td (award ) Tj ET Q q 0 0 0 rg BT 215.83 563.25 Td (plans, ) Tj ET Q q 0 0 0 rg BT 241.94 563.25 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 257.21 563.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 278.59 563.25 Td (17.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 291.09 563.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 293.59 563.25 Td (Stock-Based ) Tj ET Q q 0 0 0 rg BT 345.33 563.25 Td (A) Tj ET Q q 0 0 0 rg BT 350.89 563.25 Td (war) Tj ET Q q 0 0 0 rg BT 366.08 563.25 Td (d ) Tj ET Q q 0 0 0 rg BT 373.58 563.25 Td (Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.36 563.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 548.25 Td (During ) Tj ET Q q 0 0 0 rg BT 88.73 548.25 Td (the ) Tj ET Q q 0 0 0 rg BT 102.84 548.25 Td (years ) Tj ET Q q 0 0 0 rg BT 125.83 548.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.61 548.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 209.59 548.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 233.98 548.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 255.88 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 272.21 548.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.21 548.25 Td ( ) Tj ET Q q 0 0 0 rg BT 294.11 548.25 Td (common ) Tj ET Q q 0 0 0 rg BT 331.00 548.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 357.89 548.25 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 408.09 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 424.42 548.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 465.21 548.25 Td (declared ) Tj ET Q q 0 0 0 rg BT 500.96 548.25 Td (were ) Tj ET Q q 0 0 0 rg BT 522.29 548.25 Td (as ) Tj ET Q q 0 0 0 rg BT 532.51 548.25 Td (follows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 63.11 536.25 Td (millions, ) Tj ET Q q 0 0 0 rg BT 100.89 536.25 Td (except ) Tj ET Q q 0 0 0 rg BT 129.49 536.25 Td (per ) Tj ET Q q 0 0 0 rg BT 144.75 536.25 Td (share ) Tj ET Q q 0 0 0 rg BT 168.35 536.25 Td (amounts\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 58.50 492.75 268.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 492.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 492.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 492.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 492.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 492.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 58.50 462.75 268.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 462.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 462.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 462.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 462.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 462.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 58.50 435.75 268.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 435.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 435.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 435.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 435.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 435.75 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 507.75 m 401.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 507.75 m 406.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 507.75 m 481.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 507.75 m 486.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 507.75 m 561.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 507.75 m 401.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 492.75 m 401.5 492.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 507.75 m 481.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 492.75 m 481.5 492.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 507.75 m 561.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 492.75 m 561.5 492.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 492.75 m 401.5 492.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 492.75 m 481.5 492.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 492.75 m 561.5 492.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.40 512.43 Td (For the Years Ended December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.50 497.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.50 497.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.50 497.43 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 482.42 Td (T) Tj ET Q q 0 0 0 rg BT 66.41 482.42 Td (otal repurchases) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 131.10 486.95 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 482.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 482.42 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 482.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 482.42 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 482.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 482.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 467.42 Td (Shares repurchased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 467.42 Td (1.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 467.42 Td (2.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 467.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 452.42 Td (Weighted average cost per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 452.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 452.42 Td (15.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 452.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 452.42 Td (15.33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 452.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 452.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 425.42 Td (Dividends declared) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 425.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 425.42 Td (132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 425.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 425.42 Td (133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 425.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 425.42 Td (114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 410.42 Td (Per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 410.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 410.42 Td (1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 410.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 410.42 Td (1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 410.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 410.42 Td (0.86) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 389.25 Td (As ) Tj ET Q q 0 0 0 rg BT 74.44 389.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.60 389.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 142.51 389.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.51 389.25 Td (, ) Tj ET Q q 0 0 0 rg BT 166.84 389.25 Td (there ) Tj ET Q q 0 0 0 rg BT 188.65 389.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.91 389.25 Td (136 ) Tj ET Q q 0 0 0 rg BT 226.73 389.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.63 389.25 Td ( ) Tj ET Q q 0 0 0 rg BT 257.45 389.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 284.27 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 294.43 389.25 Td (common ) Tj ET Q q 0 0 0 rg BT 331.25 389.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 354.19 389.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 381.02 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 391.17 389.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.44 389.25 Td (130 ) Tj ET Q q 0 0 0 rg BT 434.27 389.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.16 389.25 Td ( ) Tj ET Q q 0 0 0 rg BT 464.99 389.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 491.80 389.25 Td (were ) Tj ET Q q 0 0 0 rg BT 513.06 389.25 Td (outstanding; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.78 377.25 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.39 377.25 Td (6 ) Tj ET Q q 0 0 0 rg BT 113.46 377.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.35 377.25 Td ( ) Tj ET Q q 0 0 0 rg BT 144.42 377.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 171.48 377.25 Td (of ) Tj ET Q q 0 0 0 rg BT 181.88 377.25 Td (common ) Tj ET Q q 0 0 0 rg BT 218.94 377.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 242.12 377.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 269.19 377.25 Td (but ) Tj ET Q q 0 0 0 rg BT 284.03 377.25 Td (not ) Tj ET Q q 0 0 0 rg BT 298.88 377.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 347.61 377.25 Td (were ) Tj ET Q q 0 0 0 rg BT 369.11 377.25 Td (held ) Tj ET Q q 0 0 0 rg BT 388.39 377.25 Td (as ) Tj ET Q q 0 0 0 rg BT 398.79 377.25 Td (treasury ) Tj ET Q q 0 0 0 rg BT 433.06 377.25 Td (stock. ) Tj ET Q q 0 0 0 rg BT 458.28 377.25 Td (As ) Tj ET Q q 0 0 0 rg BT 471.47 377.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.86 377.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 540.02 377.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.02 377.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.25 Td (there ) Tj ET Q q 0 0 0 rg BT 71.99 365.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.91 365.25 Td (4 ) Tj ET Q q 0 0 0 rg BT 101.41 365.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.31 365.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 160.30 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 171.13 365.25 Td (common ) Tj ET Q q 0 0 0 rg BT 208.62 365.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 232.23 365.25 Td (available ) Tj ET Q q 0 0 0 rg BT 270.82 365.25 Td (for ) Tj ET Q q 0 0 0 rg BT 284.98 365.25 Td (future ) Tj ET Q q 0 0 0 rg BT 311.36 365.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 347.73 365.25 Td (under ) Tj ET Q q 0 0 0 rg BT 373.00 365.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 400.50 365.25 Td (plans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 348.25 Td (As ) Tj ET Q q 0 0 0 rg BT 75.63 348.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.99 348.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 146.09 348.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.09 348.25 Td (, ) Tj ET Q q 0 0 0 rg BT 171.61 348.25 Td (there ) Tj ET Q q 0 0 0 rg BT 194.62 348.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.07 348.25 Td (10 ) Tj ET Q q 0 0 0 rg BT 230.09 348.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.98 348.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 289.50 348.25 Td (of ) Tj ET Q q 0 0 0 rg BT 300.85 348.25 Td (preferred ) Tj ET Q q 0 0 0 rg BT 340.50 348.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 364.63 348.25 Td (authorized, ) Tj ET Q q 0 0 0 rg BT 412.36 348.25 Td (with ) Tj ET Q q 0 0 0 rg BT 433.16 348.25 Td (none ) Tj ET Q q 0 0 0 rg BT 455.62 348.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 483.64 348.25 Td (or ) Tj ET Q q 0 0 0 rg BT 494.99 348.25 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 546.96 348.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 336.25 Td (preferred ) Tj ET Q q 0 0 0 rg BT 88.09 336.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 111.16 336.25 Td (may ) Tj ET Q q 0 0 0 rg BT 130.33 336.25 Td (be ) Tj ET Q q 0 0 0 rg BT 141.73 336.25 Td (divided ) Tj ET Q q 0 0 0 rg BT 173.68 336.25 Td (into ) Tj ET Q q 0 0 0 rg BT 191.19 336.25 Td (a ) Tj ET Q q 0 0 0 rg BT 197.59 336.25 Td (number ) Tj ET Q q 0 0 0 rg BT 230.09 336.25 Td (of ) Tj ET Q q 0 0 0 rg BT 240.38 336.25 Td (series ) Tj ET Q q 0 0 0 rg BT 265.11 336.25 Td (as ) Tj ET Q q 0 0 0 rg BT 275.39 336.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 307.33 336.25 Td (by ) Tj ET Q q 0 0 0 rg BT 319.29 336.25 Td (our ) Tj ET Q q 0 0 0 rg BT 334.58 336.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 360.97 336.25 Td (of ) Tj ET Q q 0 0 0 rg BT 371.26 336.25 Td (Directors. ) Tj ET Q q 0 0 0 rg BT 412.78 336.25 Td (The ) Tj ET Q q 0 0 0 rg BT 430.29 336.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 456.68 336.25 Td (of ) Tj ET Q q 0 0 0 rg BT 466.97 336.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 506.13 336.25 Td (are ) Tj ET Q q 0 0 0 rg BT 520.30 336.25 Td (authorized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 324.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 324.25 Td (fix ) Tj ET Q q 0 0 0 rg BT 73.39 324.25 Td (the ) Tj ET Q q 0 0 0 rg BT 88.10 324.25 Td (rights, ) Tj ET Q q 0 0 0 rg BT 115.88 324.25 Td (powers, ) Tj ET Q q 0 0 0 rg BT 149.76 324.25 Td (preferences, ) Tj ET Q q 0 0 0 rg BT 200.84 324.25 Td (privileges ) Tj ET Q q 0 0 0 rg BT 242.77 324.25 Td (and ) Tj ET Q q 0 0 0 rg BT 259.71 324.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 306.64 324.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 339.13 324.25 Td (to ) Tj ET Q q 0 0 0 rg BT 349.41 324.25 Td (and ) Tj ET Q q 0 0 0 rg BT 366.35 324.25 Td (imposed ) Tj ET Q q 0 0 0 rg BT 402.73 324.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 425.23 324.25 Td (the ) Tj ET Q q 0 0 0 rg BT 439.95 324.25 Td (preferred ) Tj ET Q q 0 0 0 rg BT 479.08 324.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 502.69 324.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 525.19 324.25 Td (issuance.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 306.25 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 90.90 306.25 Td (Per) Tj ET Q q 0 0 0 rg BT 105.71 306.25 Td ( ) Tj ET Q q 0 0 0 rg BT 108.21 306.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 128.59 306.25 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 288.25 Td (W) Tj ET Q q 0 0 0 rg BT 70.14 288.25 Td (e ) Tj ET Q q 0 0 0 rg BT 76.41 288.25 Td (calculate ) Tj ET Q q 0 0 0 rg BT 113.78 288.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 136.17 288.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 171.88 288.25 Td (per ) Tj ET Q q 0 0 0 rg BT 186.49 288.25 Td (share ) Tj ET Q q 0 0 0 rg BT 209.42 288.25 Td (\("EPS"\) ) Tj ET Q q 0 0 0 rg BT 243.32 288.25 Td (using ) Tj ET Q q 0 0 0 rg BT 266.83 288.25 Td (net ) Tj ET Q q 0 0 0 rg BT 280.88 288.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 316.60 288.25 Td (for ) Tj ET Q q 0 0 0 rg BT 330.10 288.25 Td (the ) Tj ET Q q 0 0 0 rg BT 344.15 288.25 Td (period ) Tj ET Q q 0 0 0 rg BT 371.54 288.25 Td (and ) Tj ET Q q 0 0 0 rg BT 387.81 288.25 Td (the ) Tj ET Q q 0 0 0 rg BT 401.87 288.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 440.36 288.25 Td (average ) Tj ET Q q 0 0 0 rg BT 473.28 288.25 Td (number ) Tj ET Q q 0 0 0 rg BT 505.67 288.25 Td (of ) Tj ET Q q 0 0 0 rg BT 515.84 288.25 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 276.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 75.85 276.25 Td (of ) Tj ET Q q 0 0 0 rg BT 85.55 276.25 Td (our ) Tj ET Q q 0 0 0 rg BT 100.24 276.25 Td (common ) Tj ET Q q 0 0 0 rg BT 136.60 276.25 Td (stock, ) Tj ET Q q 0 0 0 rg BT 161.57 276.25 Td (par ) Tj ET Q q 0 0 0 rg BT 175.71 276.25 Td (value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.86 276.25 Td ($0.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.36 276.25 Td (per ) Tj ET Q q 0 0 0 rg BT 238.99 276.25 Td (share, ) Tj ET Q q 0 0 0 rg BT 263.96 276.25 Td (during ) Tj ET Q q 0 0 0 rg BT 291.43 276.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.01 276.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 334.42 276.25 Td (Basic ) Tj ET Q q 0 0 0 rg BT 358.00 276.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 396.02 276.25 Td (average ) Tj ET Q q 0 0 0 rg BT 428.47 276.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 454.82 276.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 502.85 276.25 Td (have ) Tj ET Q q 0 0 0 rg BT 523.09 276.25 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 264.25 Td (due ) Tj ET Q q 0 0 0 rg BT 67.15 264.25 Td (to ) Tj ET Q q 0 0 0 rg BT 78.14 264.25 Td (share ) Tj ET Q q 0 0 0 rg BT 102.45 264.25 Td (repurchases. ) Tj ET Q q 0 0 0 rg BT 155.35 264.25 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 188.56 264.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 225.65 264.25 Td (per ) Tj ET Q q 0 0 0 rg BT 241.63 264.25 Td (share ) Tj ET Q q 0 0 0 rg BT 265.94 264.25 Td (computations, ) Tj ET Q q 0 0 0 rg BT 325.53 264.25 Td (as ) Tj ET Q q 0 0 0 rg BT 337.07 264.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 380.81 264.25 Td (under ) Tj ET Q q 0 0 0 rg BT 406.79 264.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.21 264.25 Td (treasury ) Tj ET Q q 0 0 0 rg BT 457.63 264.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 481.95 264.25 Td (method, ) Tj ET Q q 0 0 0 rg BT 517.65 264.25 Td (include ) Tj ET Q q 0 0 0 rg BT 550.30 264.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 252.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 89.08 252.25 Td (average ) Tj ET Q q 0 0 0 rg BT 123.08 252.25 Td (number ) Tj ET Q q 0 0 0 rg BT 156.55 252.25 Td (of ) Tj ET Q q 0 0 0 rg BT 167.80 252.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 195.71 252.25 Td (of ) Tj ET Q q 0 0 0 rg BT 206.96 252.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 249.88 252.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 299.46 252.25 Td (common ) Tj ET Q q 0 0 0 rg BT 337.38 252.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 361.41 252.25 Td (issuable ) Tj ET Q q 0 0 0 rg BT 396.55 252.25 Td (for ) Tj ET Q q 0 0 0 rg BT 411.13 252.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 435.16 252.25 Td (options, ) Tj ET Q q 0 0 0 rg BT 470.03 252.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 510.15 252.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 534.18 252.25 Td (awards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 240.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.09 240.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 105.44 240.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 128.70 240.25 Td (units ) Tj ET Q q 0 0 0 rg BT 150.30 240.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 184.66 240.25 Td (or ) Tj ET Q q 0 0 0 rg BT 195.14 240.25 Td (not ) Tj ET Q q 0 0 0 rg BT 210.07 240.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 248.31 240.25 Td (exercisable. ) Tj ET Q q 0 0 0 rg BT 297.94 240.25 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 330.08 240.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 366.11 240.25 Td (per ) Tj ET Q q 0 0 0 rg BT 381.03 240.25 Td (share ) Tj ET Q q 0 0 0 rg BT 404.28 240.25 Td (does ) Tj ET Q q 0 0 0 rg BT 424.76 240.25 Td (not ) Tj ET Q q 0 0 0 rg BT 439.69 240.25 Td (include ) Tj ET Q q 0 0 0 rg BT 471.27 240.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 511.19 240.25 Td (if ) Tj ET Q q 0 0 0 rg BT 519.45 240.25 Td (their ) Tj ET Q q 0 0 0 rg BT 539.92 240.25 Td (ef) Tj ET Q q 0 0 0 rg BT 547.51 240.25 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 228.25 Td (was ) Tj ET Q q 0 0 0 rg BT 67.55 228.25 Td (anti-dilutive. ) Tj ET Q q 0 0 0 rg BT 121.43 228.25 Td (Basic ) Tj ET Q q 0 0 0 rg BT 146.15 228.25 Td (and ) Tj ET Q q 0 0 0 rg BT 163.08 228.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 193.36 228.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 232.51 228.25 Td (average ) Tj ET Q q 0 0 0 rg BT 266.10 228.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 293.59 228.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 342.75 228.25 Td (were ) Tj ET Q q 0 0 0 rg BT 364.68 228.25 Td (as ) Tj ET Q q 0 0 0 rg BT 375.51 228.25 Td (follows ) Tj ET Q q 0 0 0 rg BT 408.01 228.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 421.62 228.25 Td (millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 183.75 310.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 183.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 183.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 183.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 183.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 183.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 153.75 310.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 153.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 153.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 153.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 153.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 153.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 196.75 m 425 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 196.75 m 429 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 196.75 m 494 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 196.75 m 498 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 196.75 m 563 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 196.75 m 425 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 183.75 m 425 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 196.75 m 494 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 183.75 m 494 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 196.75 m 563 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 183.75 m 563 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 153.75 m 425 153.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 139.75 m 425 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 137.75 m 425 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 153.75 m 494 153.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 139.75 m 494 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 137.75 m 494 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 153.75 m 563 153.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 139.75 m 563 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 137.75 m 563 137.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 201.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.00 208.98 Td (For the Years Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.75 200.98 Td (December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 188.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.00 187.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.00 187.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 187.98 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 173.42 Td (Basic weighted average common shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 173.42 Td (129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 173.42 Td (132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 173.42 Td (130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 158.42 Td (Dilutive ef) Tj ET Q q 0 0 0 rg BT 95.36 158.42 Td (fect of restricted stock and restricted stock units) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 286.68 162.95 Td ( \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 158.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 158.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 158.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 143.42 Td (Diluted weighted average common shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 143.42 Td (129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 143.42 Td (133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 143.42 Td (130) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 49.50 119.78 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.70 115.25 Td (Excludes the following securities because their inclusion would have been anti-dilutive \(in millions\):) Tj ET Q endstream endobj 163 0 obj <>] /Rotate 0 /Contents 164 0 R>> endobj 164 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (81) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 698.50 310.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 698.50 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 698.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 698.50 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 698.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 698.50 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 672.50 310.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 672.50 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 672.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 672.50 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 672.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 672.50 65.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 711.5 m 424 711.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 711.5 m 428 711.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 711.5 m 493 711.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 711.5 m 497 711.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 711.5 m 562 711.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 711.5 m 424 711.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 698.5 m 424 698.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 711.5 m 493 711.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 698.5 m 493 698.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 711.5 m 562 711.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 698.5 m 562 698.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 685.5 m 424 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 685.5 m 493 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 685.5 m 562 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 672.5 m 424 672.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 672.5 m 493 672.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 672.5 m 562 672.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 659.5 m 424 659.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 659.5 m 493 659.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 659.5 m 562 659.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 646.5 m 424 646.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 646.5 m 493 646.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 646.5 m 562 646.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 715.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.00 723.73 Td (For the Years Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.75 715.73 Td (December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 702.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.00 702.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.00 702.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.00 702.73 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 689.07 Td (Stock options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 689.07 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 689.07 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 689.07 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 676.07 Td (Restricted stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 676.07 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 676.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 676.07 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 663.07 Td (Restricted stock units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 663.07 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 663.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 663.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 650.07 Td (Warrants) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 650.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 650.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 650.07 Td (25) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 623.00 Td (In ) Tj ET Q q 0 0 0 rg BT 69.44 623.00 Td (2009, ) Tj ET Q q 0 0 0 rg BT 94.56 623.00 Td (we ) Tj ET Q q 0 0 0 rg BT 108.83 623.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 136.45 623.00 Td (warrants ) Tj ET Q q 0 0 0 rg BT 173.49 623.00 Td (in ) Tj ET Q q 0 0 0 rg BT 183.88 623.00 Td (connection ) Tj ET Q q 0 0 0 rg BT 230.37 623.00 Td (with ) Tj ET Q q 0 0 0 rg BT 250.76 623.00 Td (the ) Tj ET Q q 0 0 0 rg BT 265.59 623.00 Td (issuance ) Tj ET Q q 0 0 0 rg BT 302.08 623.00 Td (of ) Tj ET Q q 0 0 0 rg BT 313.02 623.00 Td (3.25% ) Tj ET Q q 0 0 0 rg BT 341.47 623.00 Td (Cash ) Tj ET Q q 0 0 0 rg BT 364.08 623.00 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 413.91 623.00 Td (Senior ) Tj ET Q q 0 0 0 rg BT 442.63 623.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 468.57 623.00 Td (that ) Tj ET Q q 0 0 0 rg BT 486.18 623.00 Td (matured ) Tj ET Q q 0 0 0 rg BT 521.56 623.00 Td (on ) Tj ET Q q 0 0 0 rg BT 534.17 623.00 Td (June1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 611.00 Td (2014. ) Tj ET Q q 0 0 0 rg BT 74.52 611.00 Td (The ) Tj ET Q q 0 0 0 rg BT 92.77 611.00 Td (warrants ) Tj ET Q q 0 0 0 rg BT 129.91 611.00 Td (were ) Tj ET Q q 0 0 0 rg BT 152.05 611.00 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 199.74 611.00 Td (only ) Tj ET Q q 0 0 0 rg BT 220.23 611.00 Td (at ) Tj ET Q q 0 0 0 rg BT 230.15 611.00 Td (expiration ) Tj ET Q q 0 0 0 rg BT 273.41 611.00 Td (in ) Tj ET Q q 0 0 0 rg BT 283.90 611.00 Td (equal ) Tj ET Q q 0 0 0 rg BT 308.26 611.00 Td (tranches ) Tj ET Q q 0 0 0 rg BT 344.29 611.00 Td (over ) Tj ET Q q 0 0 0 rg BT 364.77 611.00 Td (a ) Tj ET Q q 0 0 0 rg BT 371.92 611.00 Td (60 ) Tj ET Q q 0 0 0 rg BT 384.63 611.00 Td (day ) Tj ET Q q 0 0 0 rg BT 401.78 611.00 Td (period ) Tj ET Q q 0 0 0 rg BT 430.04 611.00 Td (that ) Tj ET Q q 0 0 0 rg BT 447.75 611.00 Td (began ) Tj ET Q q 0 0 0 rg BT 474.33 611.00 Td (on ) Tj ET Q q 0 0 0 rg BT 487.05 611.00 Td (September2, ) Tj ET Q q 0 0 0 rg BT 542.52 611.00 Td (2014 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 599.00 Td (and ) Tj ET Q q 0 0 0 rg BT 66.66 599.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 93.26 599.00 Td (on ) Tj ET Q q 0 0 0 rg BT 105.99 599.00 Td (November26, ) Tj ET Q q 0 0 0 rg BT 165.92 599.00 Td (2014. ) Tj ET Q q 0 0 0 rg BT 190.95 599.00 Td (The ) Tj ET Q q 0 0 0 rg BT 209.22 599.00 Td (warrants ) Tj ET Q q 0 0 0 rg BT 246.37 599.00 Td (were ) Tj ET Q q 0 0 0 rg BT 268.53 599.00 Td (net ) Tj ET Q q 0 0 0 rg BT 283.47 599.00 Td (share ) Tj ET Q q 0 0 0 rg BT 307.29 599.00 Td (settled, ) Tj ET Q q 0 0 0 rg BT 338.62 599.00 Td (which ) Tj ET Q q 0 0 0 rg BT 365.78 599.00 Td (means ) Tj ET Q q 0 0 0 rg BT 394.05 599.00 Td (that, ) Tj ET Q q 0 0 0 rg BT 414.27 599.00 Td (with ) Tj ET Q q 0 0 0 rg BT 434.78 599.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 465.82 599.00 Td (to ) Tj ET Q q 0 0 0 rg BT 476.32 599.00 Td (any ) Tj ET Q q 0 0 0 rg BT 493.48 599.00 Td (exercise ) Tj ET Q q 0 0 0 rg BT 528.96 599.00 Td (date, ) Tj ET Q q 0 0 0 rg BT 550.84 599.00 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 587.00 Td (delivered ) Tj ET Q q 0 0 0 rg BT 89.05 587.00 Td (to ) Tj ET Q q 0 0 0 rg BT 99.18 587.00 Td (the ) Tj ET Q q 0 0 0 rg BT 113.75 587.00 Td (warrant ) Tj ET Q q 0 0 0 rg BT 146.63 587.00 Td (holders ) Tj ET Q q 0 0 0 rg BT 178.42 587.00 Td (a ) Tj ET Q q 0 0 0 rg BT 185.21 587.00 Td (number ) Tj ET Q q 0 0 0 rg BT 218.11 587.00 Td (of ) Tj ET Q q 0 0 0 rg BT 228.79 587.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 256.13 587.00 Td (for ) Tj ET Q q 0 0 0 rg BT 270.14 587.00 Td (each ) Tj ET Q q 0 0 0 rg BT 290.81 587.00 Td (warrant ) Tj ET Q q 0 0 0 rg BT 323.69 587.00 Td (equal ) Tj ET Q q 0 0 0 rg BT 347.70 587.00 Td (to ) Tj ET Q q 0 0 0 rg BT 357.83 587.00 Td (the ) Tj ET Q q 0 0 0 rg BT 372.39 587.00 Td (excess ) Tj ET Q q 0 0 0 rg BT 400.84 587.00 Td (of ) Tj ET Q q 0 0 0 rg BT 411.52 587.00 Td (the ) Tj ET Q q 0 0 0 rg BT 426.09 587.00 Td (volume-weighted ) Tj ET Q q 0 0 0 rg BT 498.42 587.00 Td (average ) Tj ET Q q 0 0 0 rg BT 531.85 587.00 Td (price ) Tj ET Q q 0 0 0 rg BT 554.19 587.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 575.00 Td (our ) Tj ET Q q 0 0 0 rg BT 65.77 575.00 Td (common ) Tj ET Q q 0 0 0 rg BT 103.71 575.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 127.76 575.00 Td (on ) Tj ET Q q 0 0 0 rg BT 140.70 575.00 Td (each ) Tj ET Q q 0 0 0 rg BT 161.95 575.00 Td (exercise ) Tj ET Q q 0 0 0 rg BT 197.65 575.00 Td (date ) Tj ET Q q 0 0 0 rg BT 217.24 575.00 Td (over ) Tj ET Q q 0 0 0 rg BT 237.95 575.00 Td (the ) Tj ET Q q 0 0 0 rg BT 253.11 575.00 Td (then ) Tj ET Q q 0 0 0 rg BT 273.27 575.00 Td (ef) Tj ET Q q 0 0 0 rg BT 280.86 575.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 311.00 575.00 Td (strike ) Tj ET Q q 0 0 0 rg BT 336.16 575.00 Td (price ) Tj ET Q q 0 0 0 rg BT 359.08 575.00 Td (of ) Tj ET Q q 0 0 0 rg BT 370.36 575.00 Td (the ) Tj ET Q q 0 0 0 rg BT 385.51 575.00 Td (warrants, ) Tj ET Q q 0 0 0 rg BT 425.38 575.00 Td (divided ) Tj ET Q q 0 0 0 rg BT 458.32 575.00 Td (by ) Tj ET Q q 0 0 0 rg BT 471.26 575.00 Td (such ) Tj ET Q q 0 0 0 rg BT 492.53 575.00 Td (volume-weighted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 563.00 Td (average ) Tj ET Q q 0 0 0 rg BT 83.09 563.00 Td (price ) Tj ET Q q 0 0 0 rg BT 105.58 563.00 Td (of ) Tj ET Q q 0 0 0 rg BT 116.42 563.00 Td (our ) Tj ET Q q 0 0 0 rg BT 132.25 563.00 Td (common ) Tj ET Q q 0 0 0 rg BT 169.76 563.00 Td (stock, ) Tj ET Q q 0 0 0 rg BT 195.87 563.00 Td (with ) Tj ET Q q 0 0 0 rg BT 216.16 563.00 Td (a ) Tj ET Q q 0 0 0 rg BT 223.10 563.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 243.38 563.00 Td (payment ) Tj ET Q q 0 0 0 rg BT 280.32 563.00 Td (in ) Tj ET Q q 0 0 0 rg BT 290.60 563.00 Td (lieu ) Tj ET Q q 0 0 0 rg BT 308.10 563.00 Td (of ) Tj ET Q q 0 0 0 rg BT 318.94 563.00 Td (fractional ) Tj ET Q q 0 0 0 rg BT 359.75 563.00 Td (shares. ) Tj ET Q q 0 0 0 rg BT 389.75 563.00 Td (During ) Tj ET Q q 0 0 0 rg BT 420.59 563.00 Td (the ) Tj ET Q q 0 0 0 rg BT 435.31 563.00 Td (year ) Tj ET Q q 0 0 0 rg BT 455.02 563.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 481.41 563.00 Td (December ) Tj ET Q q 0 0 0 rg BT 525.00 563.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 540.00 563.00 Td (2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 551.00 Td (1,430,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.50 551.00 Td ( ) Tj ET Q q 0 0 0 rg BT 91.85 551.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 119.18 551.00 Td (of ) Tj ET Q q 0 0 0 rg BT 129.86 551.00 Td (our ) Tj ET Q q 0 0 0 rg BT 145.53 551.00 Td (common ) Tj ET Q q 0 0 0 rg BT 182.87 551.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 206.33 551.00 Td (were ) Tj ET Q q 0 0 0 rg BT 228.10 551.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 255.44 551.00 Td (in ) Tj ET Q q 0 0 0 rg BT 265.57 551.00 Td (connection ) Tj ET Q q 0 0 0 rg BT 311.79 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536.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 536.32 Td (4,284) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 523.32 Td (Capital additions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 523.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 523.32 Td (188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 523.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 523.32 Td (171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 523.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 523.32 Td (359) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 493.43 Td (Year Ended December 31, 2015:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 479.32 Td (Operating revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 479.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 479.32 Td (1,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 479.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 479.32 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 479.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 479.32 Td (1,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 465.32 Td (Depreciation and amortization expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 465.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 465.32 Td (197) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 465.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 465.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 465.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 465.32 Td (198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 451.32 Td (Impairment charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 451.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 451.32 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 451.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 451.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 451.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 451.32 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 437.32 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 437.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 437.32 Td (108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 437.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 437.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 437.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 437.32 Td (109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 423.32 Td (Interest expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 423.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 423.32 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 423.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 423.32 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 423.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 423.32 Td (134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 409.32 Td (Equity in net income from unconsolidated investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 409.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 409.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 409.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 409.32 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 409.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 409.32 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 391.43 Td (As of December31, 2015:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 377.32 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 377.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 377.32 Td (3,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 377.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 377.32 Td (396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 377.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 377.32 Td (4,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 363.32 Td (Capital additions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 363.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 363.32 Td (175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 363.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 363.32 Td (201) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 363.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 363.32 Td (376) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 334.43 Td (Year Ended December 31, 2014:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 320.32 Td (Operating revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 320.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 320.32 Td (1,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 320.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 320.32 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 320.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 320.32 Td (1,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 306.32 Td (Depreciation and amortization expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 306.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 306.32 Td (208) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 306.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 306.32 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 306.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 306.32 Td (211) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 292.32 Td (Impairment charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 292.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 292.32 Td (50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 292.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 292.32 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 292.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 292.32 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 278.32 Td (Operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 278.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 278.32 Td (168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 278.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.80 278.37 Td (\(14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 278.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 278.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 278.32 Td (154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 264.32 Td (Interest expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 264.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 264.32 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 264.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 264.32 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 264.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 264.32 Td (147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 250.32 Td (Equity in net income from unconsolidated investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 250.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 250.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 250.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 250.32 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 250.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 250.32 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 232.43 Td (As of December31, 2014:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 218.32 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 218.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 218.32 Td (3,882) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 218.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 218.32 Td (297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 218.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 218.32 Td (4,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 204.32 Td (Capital additions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 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113.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.00 113.15 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 113.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 113.15 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 113.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 113.15 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 85.15 257.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 85.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.00 85.15 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 85.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 85.15 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 85.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 85.15 82.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311 126.14999999999998 m 392 126.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 126.14999999999998 m 477 126.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 126.14999999999998 m 563 126.14999999999998 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.20 130.38 Td (United States) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.85 130.38 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.75 130.38 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 116.88 Td (Operating Revenue:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 103.72 Td (Year Ended December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.50 103.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 103.72 Td (1,677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 103.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 103.72 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.50 103.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 103.72 Td (1,699) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 89.72 Td (Year Ended December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.50 89.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 89.72 Td (1,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 89.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 89.72 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.50 89.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 89.72 Td (1,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 75.72 Td (Year Ended December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.50 75.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 75.72 Td (1,567) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 75.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 75.72 Td (115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.50 75.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 75.72 Td (1,682) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 167 0 obj <>] /Rotate 0 /Contents 168 0 R>> 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rg BT 379.80 451.22 Td (\(7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 451.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 451.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.80 451.22 Td (\(131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 451.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.50 451.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 451.22 Td (\(118) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 451.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.50 451.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 451.22 Td (\(13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 451.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 435.00 Td (The ) Tj ET Q q 0 0 0 rg BT 76.66 435.00 Td (following ) Tj ET Q q 0 0 0 rg BT 118.16 435.00 Td (table ) Tj ET Q q 0 0 0 rg BT 140.20 435.00 Td (details ) Tj ET Q q 0 0 0 rg BT 168.92 435.00 Td (the ) Tj ET Q q 0 0 0 rg BT 183.75 435.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 216.36 435.00 Td (of ) Tj ET Q q 0 0 0 rg BT 227.30 435.00 Td (the ) Tj ET Q q 0 0 0 rg BT 242.13 435.00 Td (actual/estimated ) Tj ET Q q 0 0 0 rg BT 309.71 435.00 Td (amortization ) Tj ET Q q 0 0 0 rg BT 362.86 435.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 397.68 435.00 Td (and ) Tj ET Q q 0 0 0 rg BT 414.73 435.00 Td (contra-expense ) Tj ET Q q 0 0 0 rg BT 477.87 435.00 Td (associated ) Tj ET Q q 0 0 0 rg BT 521.57 435.00 Td (with ) Tj ET Q q 0 0 0 rg BT 541.96 435.00 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 423.00 Td (intangible ) Tj ET Q q 0 0 0 rg BT 92.44 423.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 118.73 423.00 Td (and ) Tj ET Q q 0 0 0 rg BT 136.12 423.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 176.29 423.00 Td (as ) Tj ET Q q 0 0 0 rg BT 187.57 423.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.85 423.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 257.89 423.00 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.89 423.00 Td ( ) Tj ET Q q 0 0 0 rg BT 280.84 423.00 Td (included ) Tj ET Q q 0 0 0 rg BT 318.23 423.00 Td (or ) Tj ET Q q 0 0 0 rg BT 329.51 423.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 368.00 423.00 Td (to ) Tj ET Q q 0 0 0 rg BT 378.73 423.00 Td (be ) Tj ET Q q 0 0 0 rg BT 391.12 423.00 Td (included ) Tj ET Q q 0 0 0 rg BT 428.51 423.00 Td (in ) Tj ET Q q 0 0 0 rg BT 439.24 423.00 Td (our ) Tj ET Q q 0 0 0 rg BT 455.52 423.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 509.02 423.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 554.18 423.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 411.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.66 411.00 Td (for ) Tj ET Q q 0 0 0 rg BT 107.82 411.00 Td (each ) Tj ET Q q 0 0 0 rg BT 128.63 411.00 Td (of ) Tj ET Q q 0 0 0 rg BT 139.46 411.00 Td (the ) Tj ET Q q 0 0 0 rg BT 154.18 411.00 Td (years ) Tj ET Q q 0 0 0 rg BT 177.78 411.00 Td (indicated ) Tj ET Q q 0 0 0 rg BT 216.93 411.00 Td (\(in ) Tj ET Q q 0 0 0 rg BT 230.54 411.00 Td (millions\):) Tj ET Q 0.8 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0.9333333333333333 1 rg /GS0 gs 358.00 281.50 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 281.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 281.50 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 371.5 m 458 371.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 371.5 m 562 371.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 371.5 m 458 371.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 357.5 m 458 357.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 355.5 m 458 355.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 371.5 m 562 371.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 357.5 m 562 357.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 355.5 m 562 355.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 266.5 m 458 266.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 266.5 m 562 266.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 252.5 m 458 252.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 250.5 m 458 250.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 252.5 m 562 252.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 250.5 m 562 250.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.15 391.73 Td (W) Tj ET Q q 0 0 0 rg BT 382.71 391.73 Td (aste,Serviceand) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.15 383.73 Td (Energy Contracts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.70 375.73 Td (\(AmortizationExpense\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.15 391.73 Td (W) Tj ET Q q 0 0 0 rg BT 487.71 391.73 Td (asteandService) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.60 383.73 Td (Contracts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.05 375.73 Td (\(Contra-Expense\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 361.17 Td (Year ended December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.50 361.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 361.17 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.50 361.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 361.22 Td (\(6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 361.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 346.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 346.17 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 346.22 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 346.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 331.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 331.17 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 331.22 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 331.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 316.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 316.17 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 316.22 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 316.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 301.17 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 301.17 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 301.22 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 301.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 286.17 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 286.17 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 286.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 271.17 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.15 271.17 Td (197) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 271.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 256.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.50 256.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.15 256.17 Td (263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.50 256.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 256.22 Td (\(7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 256.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 234.00 Td (The ) Tj ET Q q 0 0 0 rg BT 77.17 234.00 Td (weighted ) Tj ET Q q 0 0 0 rg BT 116.96 234.00 Td (average ) Tj ET Q q 0 0 0 rg BT 151.17 234.00 Td (number ) Tj ET Q q 0 0 0 rg BT 184.84 234.00 Td (of ) Tj ET Q q 0 0 0 rg BT 196.30 234.00 Td (years ) Tj ET Q q 0 0 0 rg BT 220.53 234.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 243.09 234.00 Td (to ) Tj ET Q q 0 0 0 rg BT 254.00 234.00 Td (the ) Tj ET Q q 0 0 0 rg BT 269.34 234.00 Td (next ) Tj ET Q q 0 0 0 rg BT 289.69 234.00 Td (renewal ) Tj ET Q q 0 0 0 rg BT 324.46 234.00 Td (period ) Tj ET Q q 0 0 0 rg BT 353.13 234.00 Td (for ) Tj ET Q q 0 0 0 rg BT 367.92 234.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 407.14 234.00 Td (that ) Tj ET Q q 0 0 0 rg BT 425.27 234.00 Td (we ) Tj ET Q q 0 0 0 rg BT 440.05 234.00 Td (have ) Tj ET Q q 0 0 0 rg BT 462.06 234.00 Td (an ) Tj ET Q q 0 0 0 rg BT 474.62 234.00 Td (intangible ) Tj ET Q q 0 0 0 rg BT 517.74 234.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 555.84 234.00 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.00 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 222.00 Td (years.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 204.00 Td (During ) Tj ET Q q 0 0 0 rg BT 89.76 204.00 Td (the ) Tj ET Q q 0 0 0 rg BT 104.90 204.00 Td (year ) Tj ET Q q 0 0 0 rg BT 125.04 204.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 151.85 204.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 210.86 204.00 Td (2014, ) Tj ET Q q 0 0 0 rg BT 236.29 204.00 Td (we ) Tj ET Q q 0 0 0 rg BT 250.88 204.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 288.78 204.00 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 327.81 204.00 Td (impairment ) Tj ET Q q 0 0 0 rg BT 376.83 204.00 Td (char) Tj ET Q q 0 0 0 rg BT 393.86 204.00 Td (ges ) Tj ET Q q 0 0 0 rg BT 410.12 204.00 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.60 204.00 Td ($16 ) Tj ET Q q 0 0 0 rg BT 461.53 204.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 490.42 204.00 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 493.35 204.00 Td (related ) Tj ET Q q 0 0 0 rg BT 523.48 204.00 Td (to ) Tj ET Q q 0 0 0 rg BT 534.19 204.00 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 192.00 Td (contract ) Tj ET Q q 0 0 0 rg BT 84.11 192.00 Td (intangibles ) Tj ET Q q 0 0 0 rg BT 130.40 192.00 Td (that ) Tj ET Q q 0 0 0 rg BT 147.80 192.00 Td (were ) Tj ET Q q 0 0 0 rg BT 169.63 192.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 207.01 192.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 229.42 192.00 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 275.71 192.00 Td (in ) Tj ET Q q 0 0 0 rg BT 285.89 192.00 Td (2009. ) Tj ET Q q 0 0 0 rg BT 310.80 192.00 Td (See ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 327.64 192.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 348.94 192.00 Td (14.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 361.44 192.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 363.84 192.00 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 426.24 192.00 Td (Information) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 474.01 192.00 Td ( ) Tj ET Q q 0 0 0 rg BT 476.42 192.00 Td (- ) Tj ET Q q 0 0 0 rg BT 482.16 192.00 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 531.22 192.00 Td (char) Tj ET Q q 0 0 0 rg BT 549.18 192.00 Td (ges) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 180.00 Td (discussion ) Tj ET Q q 0 0 0 rg BT 93.67 180.00 Td (for ) Tj ET Q q 0 0 0 rg BT 107.83 180.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 150.32 180.00 Td (information.) Tj ET Q endstream endobj 169 0 obj <>] /Rotate 0 /Contents 170 0 R>> endobj 170 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (84) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 726.25 Td (NOTE 8. OTHER INT) Tj ET Q q 0 0 0 rg BT 146.00 726.25 Td (ANGIBLE ) Tj ET Q q 0 0 0 rg BT 194.07 726.25 Td (ASSETS ) Tj ET Q q 0 0 0 rg BT 233.26 726.25 Td (AND GOODWILL) Tj ET Q q 0 0 0 rg BT 314.67 726.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 58.50 708.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 84.89 708.25 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 129.81 708.25 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 690.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 83.77 690.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 126.26 690.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 152.09 690.25 Td (consisted ) Tj ET Q q 0 0 0 rg BT 191.81 690.25 Td (of ) Tj ET Q q 0 0 0 rg BT 202.64 690.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.35 690.25 Td (following ) Tj ET Q q 0 0 0 rg BT 258.74 690.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 272.35 690.25 Td (millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 630.75 122.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 172.00 630.75 59.00 -25.00 re f /GS0 gs 0.8 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172.00 590.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 590.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 590.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 590.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.00 590.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 590.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 590.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.00 590.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 590.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 590.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 590.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 590.75 52.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231 667.75 m 283 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283 667.75 m 287 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 667.75 m 339 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339 667.75 m 343 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 667.75 m 395 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 667.75 m 451 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 667.75 m 455 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 667.75 m 507 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 667.75 m 511 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 667.75 m 563 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231 630.75 m 283 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 630.75 m 339 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 630.75 m 395 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 630.75 m 451 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 630.75 m 507 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 630.75 m 563 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231 630.75 m 283 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 630.75 m 339 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 630.75 m 451 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 630.75 m 507 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231 590.75 m 283 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231 576.75 m 283 576.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231 574.75 m 283 574.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 590.75 m 339 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 576.75 m 339 576.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 574.75 m 339 574.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 590.75 m 395 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 576.75 m 395 576.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 574.75 m 395 574.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 590.75 m 451 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 576.75 m 451 576.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 574.75 m 451 574.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 590.75 m 507 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 576.75 m 507 576.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 574.75 m 507 574.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 590.75 m 563 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 576.75 m 563 576.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 574.75 m 563 574.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 671.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 174.50 671.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.45 671.83 Td (As of December 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.45 671.83 Td (As of December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 635.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 182.30 658.98 Td (Remaining ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.75 650.98 Td (W) Tj ET Q q 0 0 0 rg BT 192.31 650.98 Td (eighted ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 175.15 642.98 Td (A) Tj ET Q q 0 0 0 rg BT 180.33 642.98 Td (verage Useful) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 194.10 634.98 Td (Life) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 246.55 650.98 Td (Gr) Tj ET Q q 0 0 0 rg BT 256.18 650.98 Td (oss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 240.70 642.98 Td (Carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 242.45 634.98 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.80 642.98 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.60 634.98 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.50 634.98 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.55 650.98 Td (Gr) Tj ET Q q 0 0 0 rg BT 424.18 650.98 Td (oss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.70 642.98 Td (Carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.45 634.98 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.80 642.98 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.60 634.98 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.50 634.98 Td (Net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 621.32 Td (Customer relationships and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 611.32 Td (other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.70 610.42 Td (8 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.50 610.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 610.42 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.50 610.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.15 610.42 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.50 610.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 610.42 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.50 610.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.15 610.42 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.50 610.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 610.42 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.50 610.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 610.42 Td (34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 596.32 Td (Other intangibles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.55 595.42 Td (Indefinite) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.15 595.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.15 595.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 595.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.15 595.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.15 595.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 595.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 581.32 Td (Other intangible assets, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.50 580.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 580.42 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.50 580.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.15 580.42 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.50 580.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 580.42 Td (34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.50 580.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.15 580.42 Td (44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.50 580.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 580.42 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.50 580.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 580.42 Td (38) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 558.25 Td (The ) Tj ET Q q 0 0 0 rg BT 77.62 558.25 Td (following ) Tj ET Q q 0 0 0 rg BT 120.09 558.25 Td (table ) Tj ET Q q 0 0 0 rg BT 143.10 558.25 Td (details ) Tj ET Q q 0 0 0 rg BT 172.78 558.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.57 558.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 222.14 558.25 Td (of ) Tj ET Q q 0 0 0 rg BT 234.05 558.25 Td (the ) Tj ET Q q 0 0 0 rg BT 249.84 558.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 291.74 558.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 345.85 558.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 381.64 558.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 426.31 558.25 Td (with ) Tj ET Q q 0 0 0 rg BT 447.66 558.25 Td (other ) Tj ET Q q 0 0 0 rg BT 471.79 558.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 515.35 558.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 542.26 558.25 Td (as ) Tj ET Q q 0 0 0 rg BT 554.17 558.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.08 546.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.08 546.25 Td ( ) Tj ET Q q 0 0 0 rg BT 130.58 546.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 168.62 546.25 Td (to ) Tj ET Q q 0 0 0 rg BT 178.89 546.25 Td (be ) Tj ET Q q 0 0 0 rg BT 190.83 546.25 Td (included ) Tj ET Q q 0 0 0 rg BT 227.77 546.25 Td (in ) Tj ET Q q 0 0 0 rg BT 238.04 546.25 Td (our ) Tj ET Q q 0 0 0 rg BT 253.88 546.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 298.59 546.25 Td (of ) Tj ET Q q 0 0 0 rg BT 309.42 546.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 353.57 546.25 Td (for ) Tj ET Q q 0 0 0 rg BT 367.73 546.25 Td (each ) Tj ET Q q 0 0 0 rg BT 388.55 546.25 Td (of ) Tj ET Q q 0 0 0 rg BT 399.38 546.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.09 546.25 Td (years ) Tj ET Q q 0 0 0 rg BT 437.69 546.25 Td (indicated ) Tj ET Q q 0 0 0 rg BT 476.84 546.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 490.45 546.25 Td (millions\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 523.75 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 523.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.00 523.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.00 523.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.00 523.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 523.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 523.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 523.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 523.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 523.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 523.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 523.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 523.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 523.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 523.75 45.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223 523.75 m 268 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 523.75 m 317 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 523.75 m 366 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 523.75 m 415 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 523.75 m 464 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 523.75 m 513 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 523.75 m 562 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223 523.75 m 268 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 523.75 m 317 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 523.75 m 366 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 523.75 m 415 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 523.75 m 464 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 523.75 m 513 523.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 237.00 527.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.00 527.83 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.00 527.83 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.00 527.83 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.00 527.83 Td (2021) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.70 527.83 Td (Thereafter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.25 527.83 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 514.32 Td (Annual remaining amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.50 513.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.15 513.42 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.50 513.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 513.42 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.50 513.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 513.42 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.50 513.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 513.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 513.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 513.42 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.50 513.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.15 513.42 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.50 513.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 513.42 Td (30) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 491.25 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 113.16 491.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 146.72 491.25 Td (related ) Tj ET Q q 0 0 0 rg BT 175.26 491.25 Td (to ) Tj ET Q q 0 0 0 rg BT 184.38 491.25 Td (other ) Tj ET Q q 0 0 0 rg BT 206.28 491.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 247.61 491.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 272.28 491.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.18 491.25 Td ($6 ) Tj ET Q q 0 0 0 rg BT 300.52 491.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.42 491.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.26 491.25 Td ($2 ) Tj ET Q q 0 0 0 rg BT 344.60 491.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.50 491.25 Td ( ) Tj ET Q q 0 0 0 rg BT 374.84 491.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.62 491.25 Td ($1 ) Tj ET Q q 0 0 0 rg BT 401.97 491.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.86 491.25 Td ( ) Tj ET Q q 0 0 0 rg BT 432.20 491.25 Td (for ) Tj ET Q q 0 0 0 rg BT 445.21 491.25 Td (the ) Tj ET Q q 0 0 0 rg BT 458.77 491.25 Td (years ) Tj ET Q q 0 0 0 rg BT 481.21 491.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.43 491.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 479.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 74.50 479.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 97.00 479.25 Td (and ) Tj ET Q q 0 0 0 rg BT 113.94 479.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.94 479.25 Td (, ) Tj ET Q q 0 0 0 rg BT 138.94 479.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 186.60 479.25 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 58.50 461.25 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 443.25 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 98.72 443.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 141.70 443.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.36 443.25 Td (total ) Tj ET Q q 0 0 0 rg BT 176.57 443.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 232.88 443.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 252.54 443.25 Td (in ) Tj ET Q q 0 0 0 rg BT 262.76 443.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 291.30 443.25 Td (of ) Tj ET Q q 0 0 0 rg BT 302.07 443.25 Td (the ) Tj ET Q q 0 0 0 rg BT 316.73 443.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 333.05 443.25 Td (value ) Tj ET Q q 0 0 0 rg BT 357.15 443.25 Td (of ) Tj ET Q q 0 0 0 rg BT 367.92 443.25 Td (the ) Tj ET Q q 0 0 0 rg BT 382.58 443.25 Td (net ) Tj ET Q q 0 0 0 rg BT 397.24 443.25 Td (tangible ) Tj ET Q q 0 0 0 rg BT 431.89 443.25 Td (and ) Tj ET Q q 0 0 0 rg BT 448.77 443.25 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 496.75 443.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 539.18 443.25 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 431.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 87.52 431.25 Td (and ) Tj ET Q q 0 0 0 rg BT 105.56 431.25 Td (the ) Tj ET Q q 0 0 0 rg BT 121.38 431.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 162.20 431.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 200.23 431.25 Td (in ) Tj ET Q q 0 0 0 rg BT 211.61 431.25 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 265.49 431.25 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 306.87 431.25 Td (has ) Tj ET Q q 0 0 0 rg BT 323.80 431.25 Td (an ) Tj ET Q q 0 0 0 rg BT 336.83 431.25 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 378.75 431.25 Td (life ) Tj ET Q q 0 0 0 rg BT 395.68 431.25 Td (and ) Tj ET Q q 0 0 0 rg BT 413.72 431.25 Td (is ) Tj ET Q q 0 0 0 rg BT 423.99 431.25 Td (not ) Tj ET Q q 0 0 0 rg BT 440.37 431.25 Td (amortized ) Tj ET Q q 0 0 0 rg BT 483.95 431.25 Td (but ) Tj ET Q q 0 0 0 rg BT 500.33 431.25 Td (is ) Tj ET Q q 0 0 0 rg BT 510.60 431.25 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 550.84 431.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 419.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 98.86 419.25 Td (under ) Tj ET Q q 0 0 0 rg BT 124.88 419.25 Td (the ) Tj ET Q q 0 0 0 rg BT 140.36 419.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 185.29 419.25 Td (of ) Tj ET Q q 0 0 0 rg BT 196.88 419.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 244.01 419.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 285.03 419.25 Td (for ) Tj ET Q q 0 0 0 rg BT 299.95 419.25 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 340.55 419.25 Td (All ) Tj ET Q q 0 0 0 rg BT 356.58 419.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 395.40 419.25 Td (is ) Tj ET Q q 0 0 0 rg BT 405.33 419.25 Td (related ) Tj ET Q q 0 0 0 rg BT 435.79 419.25 Td (to ) Tj ET Q q 0 0 0 rg BT 446.82 419.25 Td (the ) Tj ET Q q 0 0 0 rg BT 462.30 419.25 Td (North ) Tj ET Q q 0 0 0 rg BT 488.17 419.25 Td (America ) Tj ET Q q 0 0 0 rg BT 525.85 419.25 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 407.25 Td (segment, ) Tj ET Q q 0 0 0 rg BT 87.00 407.25 Td (which ) Tj ET Q q 0 0 0 rg BT 113.12 407.25 Td (is ) Tj ET Q q 0 0 0 rg BT 121.47 407.25 Td (comprised ) Tj ET Q q 0 0 0 rg BT 164.80 407.25 Td (of ) Tj ET Q q 0 0 0 rg BT 174.81 407.25 Td (two ) Tj ET Q q 0 0 0 rg BT 191.48 407.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 229.81 407.25 Td (units. ) Tj ET Q q 0 0 0 rg BT 253.32 407.25 Td (W) Tj ET Q q 0 0 0 rg BT 261.96 407.25 Td (e ) Tj ET Q q 0 0 0 rg BT 268.07 407.25 Td (performed ) Tj ET Q q 0 0 0 rg BT 311.40 407.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.29 407.25 Td (required ) Tj ET Q q 0 0 0 rg BT 360.28 407.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 388.61 407.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 436.39 407.25 Td (review ) Tj ET Q q 0 0 0 rg BT 465.27 407.25 Td (of ) Tj ET Q q 0 0 0 rg BT 475.28 407.25 Td (our ) Tj ET Q q 0 0 0 rg BT 490.29 407.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 526.94 407.25 Td (goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 395.25 Td (for ) Tj ET Q q 0 0 0 rg BT 63.09 395.25 Td (our ) Tj ET Q q 0 0 0 rg BT 78.34 395.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 116.92 395.25 Td (units ) Tj ET Q q 0 0 0 rg BT 138.29 395.25 Td (as ) Tj ET Q q 0 0 0 rg BT 148.55 395.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.81 395.25 Td (October1, ) Tj ET Q q 0 0 0 rg BT 202.94 395.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 224.86 395.25 Td (and ) Tj ET Q q 0 0 0 rg BT 241.23 395.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 288.13 395.25 Td (that ) Tj ET Q q 0 0 0 rg BT 305.05 395.25 Td (the ) Tj ET Q q 0 0 0 rg BT 319.20 395.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 335.00 395.25 Td (value ) Tj ET Q q 0 0 0 rg BT 358.58 395.25 Td (of ) Tj ET Q q 0 0 0 rg BT 368.83 395.25 Td (our ) Tj ET Q q 0 0 0 rg BT 384.09 395.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 422.67 395.25 Td (units ) Tj ET Q q 0 0 0 rg BT 444.04 395.25 Td (was ) Tj ET Q q 0 0 0 rg BT 461.52 395.25 Td (not ) Tj ET Q q 0 0 0 rg BT 476.22 395.25 Td (less ) Tj ET Q q 0 0 0 rg BT 493.15 395.25 Td (than ) Tj ET Q q 0 0 0 rg BT 512.29 395.25 Td (their ) Tj ET Q q 0 0 0 rg BT 532.54 395.25 Td (relative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 383.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 84.71 383.25 Td (values. ) Tj ET Q q 0 0 0 rg BT 114.23 383.25 Td (As ) Tj ET Q q 0 0 0 rg BT 127.24 383.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.46 383.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 195.44 383.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.44 383.25 Td (, ) Tj ET Q q 0 0 0 rg BT 219.83 383.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 257.28 383.25 Td (of ) Tj ET Q q 0 0 0 rg BT 267.51 383.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.16 383.25 Td ($56 ) Tj ET Q q 0 0 0 rg BT 344.05 383.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.94 383.25 Td ( ) Tj ET Q q 0 0 0 rg BT 374.84 383.25 Td (was ) Tj ET Q q 0 0 0 rg BT 392.28 383.25 Td (deductible ) Tj ET Q q 0 0 0 rg BT 435.83 383.25 Td (for ) Tj ET Q q 0 0 0 rg BT 449.38 383.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 479.03 383.25 Td (income ) Tj ET Q q 0 0 0 rg BT 510.36 383.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 524.47 383.25 Td (purposes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 365.25 Td (The ) Tj ET Q q 0 0 0 rg BT 76.55 365.25 Td (following ) Tj ET Q q 0 0 0 rg BT 117.93 365.25 Td (table ) Tj ET Q q 0 0 0 rg BT 139.87 365.25 Td (details ) Tj ET Q q 0 0 0 rg BT 168.47 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.19 365.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 217.89 365.25 Td (in ) Tj ET Q q 0 0 0 rg BT 228.17 365.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 263.99 365.25 Td (value ) Tj ET Q q 0 0 0 rg BT 288.14 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 298.97 365.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 337.03 365.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 350.64 365.25 Td (millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 342.75 415.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 342.75 91.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 312.75 415.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 312.75 91.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 282.75 415.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 282.75 91.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465 342.75 m 556 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465 312.75 m 556 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465 282.75 m 556 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465 282.75 m 556 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465 268.75 m 556 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465 266.75 m 556 266.75 l s BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 52.50 346.70 Td () Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 501.25 346.83 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 333.32 Td (Balance as of December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.50 332.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.15 332.42 Td (274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 318.32 Td (Goodwill related to acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 317.42 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 303.32 Td (Balance as of December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.15 302.42 Td (301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 288.32 Td (Goodwill related to acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 287.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 273.32 Td (Balance as of December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.50 272.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.15 272.42 Td (302) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 238.25 Td (NOTE 9. EQUITY) Tj ET Q q 0 0 0 rg BT 129.42 238.25 Td ( METHOD INVESTMENTS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 220.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 79.73 220.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 129.62 220.25 Td (are ) Tj ET Q q 0 0 0 rg BT 144.51 220.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 173.84 220.25 Td (to ) Tj ET Q q 0 0 0 rg BT 184.30 220.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 232.50 220.25 Td (through ) Tj ET Q q 0 0 0 rg BT 266.29 220.25 Td (which ) Tj ET Q q 0 0 0 rg BT 293.41 220.25 Td (we ) Tj ET Q q 0 0 0 rg BT 307.74 220.25 Td (have ) Tj ET Q q 0 0 0 rg BT 329.30 220.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 356.97 220.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 407.42 220.25 Td (in ) Tj ET Q q 0 0 0 rg BT 417.88 220.25 Td (several ) Tj ET Q q 0 0 0 rg BT 448.87 220.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 489.31 220.25 Td (projects. ) Tj ET Q q 0 0 0 rg BT 525.95 220.25 Td (The ) Tj ET Q q 0 0 0 rg BT 544.17 220.25 Td (joint ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.25 Td (venture ) Tj ET Q q 0 0 0 rg BT 81.83 208.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 129.70 208.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 169.24 208.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 202.13 208.25 Td (for ) Tj ET Q q 0 0 0 rg BT 216.13 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 230.69 208.25 Td (sharing ) Tj ET Q q 0 0 0 rg BT 262.46 208.25 Td (of ) Tj ET Q q 0 0 0 rg BT 273.13 208.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 320.46 208.25 Td (control ) Tj ET Q q 0 0 0 rg BT 351.12 208.25 Td (as ) Tj ET Q q 0 0 0 rg BT 361.79 208.25 Td (well ) Tj ET Q q 0 0 0 rg BT 381.35 208.25 Td (as ) Tj ET Q q 0 0 0 rg BT 392.02 208.25 Td (voting ) Tj ET Q q 0 0 0 rg BT 419.92 208.25 Td (percentages. ) Tj ET Q q 0 0 0 rg BT 471.78 208.25 Td (W) Tj ET Q q 0 0 0 rg BT 480.42 208.25 Td (e ) Tj ET Q q 0 0 0 rg BT 487.20 208.25 Td (record ) Tj ET Q q 0 0 0 rg BT 515.07 208.25 Td (our ) Tj ET Q q 0 0 0 rg BT 530.74 208.25 Td (share ) Tj ET Q q 0 0 0 rg BT 554.18 208.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 86.47 196.25 Td (from ) Tj ET Q q 0 0 0 rg BT 109.00 196.25 Td (our ) Tj ET Q q 0 0 0 rg BT 125.42 196.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 153.51 196.25 Td (investees ) Tj ET Q q 0 0 0 rg BT 193.26 196.25 Td (in ) Tj ET Q q 0 0 0 rg BT 204.13 196.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 232.22 196.25 Td (in ) Tj ET Q q 0 0 0 rg BT 243.09 196.25 Td (net ) Tj ET Q q 0 0 0 rg BT 258.40 196.25 Td (income ) Tj ET Q q 0 0 0 rg BT 290.92 196.25 Td (from ) Tj ET Q q 0 0 0 rg BT 313.45 196.25 Td (unconsolidated ) Tj ET Q q 0 0 0 rg BT 377.09 196.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 427.95 196.25 Td (in ) Tj ET Q q 0 0 0 rg BT 438.82 196.25 Td (our ) Tj ET Q q 0 0 0 rg BT 455.24 196.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 508.88 196.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 554.18 196.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 184.25 Td (operations. ) Tj ET Q endstream endobj 171 0 obj <>] /Rotate 0 /Contents 172 0 R>> endobj 172 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 731.10 Td (As ) Tj ET Q q 0 0 0 rg BT 74.31 731.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.34 731.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 142.13 731.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 163.82 731.10 Td (and ) Tj ET Q q 0 0 0 rg BT 179.96 731.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.96 731.10 Td (, ) Tj ET Q q 0 0 0 rg BT 204.16 731.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 253.63 731.10 Td (in ) Tj ET Q q 0 0 0 rg BT 263.11 731.10 Td (investees ) Tj ET Q q 0 0 0 rg BT 301.47 731.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.60 731.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 337.64 731.10 Td (ventures ) Tj ET Q q 0 0 0 rg BT 373.21 731.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 415.45 731.10 Td (for ) Tj ET Q q 0 0 0 rg BT 428.80 731.10 Td (under ) Tj ET Q q 0 0 0 rg BT 453.27 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.19 731.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 493.88 731.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 528.08 731.10 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 719.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 719.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 85.05 719.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 110.88 719.10 Td (on ) Tj ET Q q 0 0 0 rg BT 123.38 719.10 Td (our ) Tj ET Q q 0 0 0 rg BT 139.21 719.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 192.25 719.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 225.28 719.10 Td (sheet, ) Tj ET Q q 0 0 0 rg BT 250.83 719.10 Td (were ) Tj ET Q q 0 0 0 rg BT 272.76 719.10 Td (as ) Tj ET Q q 0 0 0 rg BT 283.59 719.10 Td (follows ) Tj ET Q q 0 0 0 rg BT 316.09 719.10 Td (\(dollars ) Tj ET Q q 0 0 0 rg BT 349.13 719.10 Td (in ) Tj ET Q q 0 0 0 rg BT 359.41 719.10 Td (millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 679.60 176.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.00 679.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.00 679.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 679.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 679.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 679.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 679.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 679.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 679.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 650.60 176.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.00 650.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.00 650.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 650.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 650.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 650.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 650.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 650.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 650.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 621.60 176.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.00 621.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.00 621.60 80.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 621.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 621.60 80.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 621.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 621.60 80.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 621.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 621.60 80.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 582.60 176.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.00 582.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.00 582.60 80.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 582.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 582.60 80.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 582.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 582.60 80.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 582.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 582.60 80.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 543.60 176.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.00 543.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.00 543.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 543.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 543.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 543.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 543.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 543.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 543.60 80.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230 679.6 m 310 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 679.6 m 394 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 679.6 m 478 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 679.6 m 562 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 621.6 m 394 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 597.6 m 394 597.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 595.6 m 394 595.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 621.6 m 562 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 597.6 m 562 597.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 595.6 m 562 595.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 529.6 m 394 529.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 529.6 m 562 529.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 505.6 m 394 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 503.6 m 394 503.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 505.6 m 562 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 503.6 m 562 503.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 236.35 699.83 Td (Ownership Inter) Tj ET Q q 0 0 0 rg BT 293.32 699.83 Td (est ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.60 691.83 Td (as of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 237.25 683.83 Td (December) Tj ET Q q 0 0 0 rg BT 271.75 683.83 Td (31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.50 683.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.35 699.83 Td (Ownership Inter) Tj ET Q q 0 0 0 rg BT 461.32 699.83 Td (est ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.60 691.83 Td (as of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.25 683.83 Td (December) Tj ET Q q 0 0 0 rg BT 439.75 683.83 Td (31, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.50 683.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 670.17 Td (South Fork Plant \(U.S.\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.30 669.27 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.50 669.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 669.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.30 669.27 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.50 669.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 669.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 655.17 Td (Koma Kulshan Plant \(U.S.\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.30 655.17 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 655.17 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.30 655.17 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 655.17 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 640.27 Td (T) Tj ET Q q 0 0 0 rg BT 57.81 640.27 Td (AR) Tj ET Q q 0 0 0 rg BT 71.10 640.27 Td (TECH \(U.S.\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 124.15 644.80 Td ( \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.30 640.27 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 640.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.30 640.27 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 640.27 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 626.17 Td (Ambiente 2000 \(Italy\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.30 626.17 Td (40%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 626.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.30 626.17 Td (40%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 626.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 612.17 Td (Total investments in investees and joint) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 602.17 Td (ventures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.50 601.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 601.27 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.50 601.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 601.27 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 573.17 Td (Investments in investees and joint ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 563.17 Td (ventures classified as held for sale: ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 203.67 567.70 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 548.17 Td (Sanfeng \(China\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.30 548.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 548.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.30 548.17 Td (40%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.50 548.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 548.17 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 534.17 Td (Chengdu \(China\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.30 534.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 534.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.30 534.17 Td (49%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 534.17 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 520.17 Td (Total investments in investees and joint) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 510.17 Td (ventures classified as held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.50 509.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 509.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.50 509.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 509.27 Td (39) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 487.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 487.10 Td (During 2016, we recorded a net impairment of our investment in this joint venture, see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 434.58 487.10 Td (Note 14.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.46 487.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 470.96 487.10 Td (Supplementary ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 475.10 Td (Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.28 475.10 Td ( for additional information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 457.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 457.10 Td (During 2016, we divested the majority of our investments in China, see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 373.78 457.10 Td (Note 4.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.67 457.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 405.17 457.10 Td (Dispositions, ) Tj ET Q q 0 0 0 rg BT 460.00 457.10 Td (Assets Held for Sale and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 445.10 Td (Discontinued Operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 186.33 445.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.83 445.10 Td (for additional information.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (NOTE10.OPERA) Tj ET Q q 0 0 0 rg BT 129.60 416.10 Td (TING LEASES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 395.10 Td (Leases ) Tj ET Q q 0 0 0 rg BT 88.40 395.10 Td (are ) Tj ET Q q 0 0 0 rg BT 103.31 395.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 143.22 395.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 183.68 395.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 210.25 395.10 Td (for ) Tj ET Q q 0 0 0 rg BT 224.61 395.10 Td (leaseholds ) Tj ET Q q 0 0 0 rg BT 268.96 395.10 Td (on ) Tj ET Q q 0 0 0 rg BT 281.66 395.10 Td (EfW) Tj ET Q q 0 0 0 rg BT 300.35 395.10 Td ( ) Tj ET Q q 0 0 0 rg BT 303.05 395.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 342.67 395.10 Td (as ) Tj ET Q q 0 0 0 rg BT 353.70 395.10 Td (well ) Tj ET Q q 0 0 0 rg BT 373.62 395.10 Td (as ) Tj ET Q q 0 0 0 rg BT 384.64 395.10 Td (for ) Tj ET Q q 0 0 0 rg BT 399.00 395.10 Td (trucks ) Tj ET Q q 0 0 0 rg BT 426.13 395.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.27 395.10 Td (automobiles, ) Tj ET Q q 0 0 0 rg BT 497.35 395.10 Td (of) Tj ET Q q 0 0 0 rg BT 505.50 395.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 523.18 395.10 Td (space ) Tj ET Q q 0 0 0 rg BT 548.08 395.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 383.10 Td (machinery ) Tj ET Q q 0 0 0 rg BT 93.80 383.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.33 383.10 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 157.14 383.10 Td (Some ) Tj ET Q q 0 0 0 rg BT 182.02 383.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.45 383.10 Td (these ) Tj ET Q q 0 0 0 rg BT 215.09 383.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 254.95 383.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 280.93 383.10 Td (have ) Tj ET Q q 0 0 0 rg BT 301.90 383.10 Td (renewal ) Tj ET Q q 0 0 0 rg BT 335.64 383.10 Td (options. ) Tj ET Q q 0 0 0 rg BT 369.69 383.10 Td (Expense ) Tj ET Q q 0 0 0 rg BT 405.66 383.10 Td (under ) Tj ET Q q 0 0 0 rg BT 430.53 383.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 470.39 383.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 496.36 383.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.01 383.10 Td ($19 ) Tj ET Q q 0 0 0 rg BT 531.11 383.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 383.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.10 Td ($16 ) Tj ET Q q 0 0 0 rg BT 67.00 371.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.89 371.10 Td (, ) Tj ET Q q 0 0 0 rg BT 100.89 371.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.83 371.10 Td ($15 ) Tj ET Q q 0 0 0 rg BT 135.33 371.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.22 371.10 Td (, ) Tj ET Q q 0 0 0 rg BT 169.22 371.10 Td (for ) Tj ET Q q 0 0 0 rg BT 183.38 371.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.10 371.10 Td (years ) Tj ET Q q 0 0 0 rg BT 221.70 371.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.07 371.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 306.66 371.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 331.66 371.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 354.16 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.10 371.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.10 371.10 Td (, ) Tj ET Q q 0 0 0 rg BT 396.10 371.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 443.76 371.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 350.10 Td (The ) Tj ET Q q 0 0 0 rg BT 77.01 350.10 Td (following ) Tj ET Q q 0 0 0 rg BT 118.85 350.10 Td (is ) Tj ET Q q 0 0 0 rg BT 128.48 350.10 Td (a ) Tj ET Q q 0 0 0 rg BT 135.88 350.10 Td (schedule, ) Tj ET Q q 0 0 0 rg BT 176.32 350.10 Td (by ) Tj ET Q q 0 0 0 rg BT 189.28 350.10 Td (year) Tj ET Q q 0 0 0 rg BT 206.09 350.10 Td (, ) Tj ET Q q 0 0 0 rg BT 211.55 350.10 Td (of ) Tj ET Q q 0 0 0 rg BT 222.84 350.10 Td (future ) Tj ET Q q 0 0 0 rg BT 249.67 350.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 291.52 350.10 Td (rental ) Tj ET Q q 0 0 0 rg BT 317.25 350.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 358.53 350.10 Td (required ) Tj ET Q q 0 0 0 rg BT 394.80 350.10 Td (under ) Tj ET Q q 0 0 0 rg BT 420.53 350.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 461.25 350.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 488.09 350.10 Td (that ) Tj ET Q q 0 0 0 rg BT 506.04 350.10 Td (have ) Tj ET Q q 0 0 0 rg BT 527.88 350.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 554.17 350.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 338.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 92.54 338.10 Td (non-cancelable ) Tj ET Q q 0 0 0 rg BT 155.56 338.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 178.04 338.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 202.76 338.10 Td (in ) Tj ET Q q 0 0 0 rg BT 213.04 338.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 241.64 338.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.47 338.10 Td (one ) Tj ET Q q 0 0 0 rg BT 269.41 338.10 Td (year ) Tj ET Q q 0 0 0 rg BT 289.11 338.10 Td (as ) Tj ET Q q 0 0 0 rg BT 299.94 338.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.77 338.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 369.36 338.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.36 338.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.86 338.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 405.47 338.10 Td (millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 305.60 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 305.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.00 305.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.00 305.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.00 305.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 305.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 305.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 305.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 305.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 305.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 305.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 305.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 305.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 305.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 305.60 45.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223 305.6 m 268 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 305.6 m 317 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 305.6 m 366 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 305.6 m 415 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 305.6 m 464 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 305.6 m 513 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 305.6 m 562 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223 305.6 m 268 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 305.6 m 317 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 305.6 m 366 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 305.6 m 415 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 305.6 m 464 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 305.6 m 513 305.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 237.00 309.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.00 309.83 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.00 309.83 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.00 309.83 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.00 309.83 Td (2021) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.70 309.68 Td (Ther) Tj ET Q q 0 0 0 rg BT 488.44 309.68 Td (eafter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.25 309.68 Td (T) Tj ET Q q 0 0 0 rg BT 534.85 309.68 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 296.17 Td (Future Minimum Rental Payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.50 295.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.15 295.27 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.50 295.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 295.27 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.50 295.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 295.27 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.50 295.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 295.27 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 295.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 295.27 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.50 295.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.15 295.27 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.50 295.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 295.27 Td (57) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 173 0 obj <>] /Rotate 0 /Contents 174 0 R>> endobj 174 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (86) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 726.25 Td (NOTE1) Tj ET Q q 0 0 0 rg BT 84.79 726.25 Td (1. CONSOLIDA) Tj ET Q q 0 0 0 rg BT 154.61 726.25 Td (TED DEBT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 711.25 Td (Consolidated debt is as follows \(in millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 660.75 387.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 660.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 660.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 660.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 660.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 624.75 387.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 624.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 624.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 624.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 624.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 588.75 387.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 588.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 588.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 588.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 588.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 560.75 387.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 560.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 560.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 560.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 560.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 532.75 387.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 532.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 532.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 532.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 532.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 504.75 387.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 504.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 504.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 504.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 504.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 476.75 387.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 476.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 476.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 476.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 476.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 448.75 387.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 448.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 448.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 448.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 448.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 420.75 387.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 420.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 420.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 420.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 420.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 392.75 387.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 392.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 392.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 392.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 392.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 364.75 387.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 364.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 364.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 364.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 364.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 336.75 387.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 336.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 336.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 336.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 336.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 307.75 387.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 307.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 307.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 307.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 307.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 279.75 387.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 279.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 279.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 279.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 279.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 251.75 387.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 251.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 251.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 251.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 251.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 223.75 387.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 223.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 223.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 223.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 223.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 195.75 387.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 195.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 195.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 195.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 195.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 167.75 387.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 167.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 167.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 167.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 167.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 139.75 387.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 139.75 6.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 139.75 58.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 139.75 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 139.75 58.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 107.75 387.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 107.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 107.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 107.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 107.75 58.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 79.75 387.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 437.00 79.75 6.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 443.00 79.75 58.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 501.00 79.75 4.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 505.00 79.75 58.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 687.75 m 501 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 687.75 m 505 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 687.75 m 563 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 687.75 m 501 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 674.75 m 501 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 687.75 m 505 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 687.75 m 563 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 674.75 m 563 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 624.75 m 563 624.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 624.75 m 501 624.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 546.75 m 501 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 546.75 m 563 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 532.75 m 501 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 532.75 m 563 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 532.75 m 501 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 532.75 m 563 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 504.75 m 501 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 504.75 m 563 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 490.75 m 501 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 490.75 m 563 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 490.75 m 501 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 476.75 m 501 476.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 490.75 m 563 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 476.75 m 563 476.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 448.75 m 501 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 448.75 m 563 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 435.75 m 501 435.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 433.75 m 501 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 435.75 m 563 435.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 433.75 m 563 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 336.75 m 501 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 336.75 m 563 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 265.75 m 501 265.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 265.75 m 563 265.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 265.75 m 501 265.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 251.75 m 501 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 265.75 m 563 265.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 251.75 m 563 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 251.75 m 501 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 251.75 m 563 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 209.75 m 501 209.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 209.75 m 563 209.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 209.75 m 501 209.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 195.75 m 501 195.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 209.75 m 563 209.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 195.75 m 563 195.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 181.75 m 501 181.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 181.75 m 563 181.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 153.75 m 501 153.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 153.75 m 563 153.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 140.75 m 501 140.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 138.75 m 501 138.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 140.75 m 563 140.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 138.75 m 563 138.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 107.75 m 501 107.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 107.75 m 563 107.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 94.75 m 501 94.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 92.75 m 501 92.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 94.75 m 563 94.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 92.75 m 563 92.75 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 692.01 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.30 692.15 Td (Asof December 31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 679.01 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.50 679.15 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.50 679.15 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 665.20 Td (LONG-TERM DEBT:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 651.21 Td (Revolving Credit Facility \(2.98% - 3.23%\)) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 206.73 655.29 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.50 651.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 651.21 Td (343) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.50 651.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 651.21 Td (348) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 629.21 Td (T) Tj ET Q q 0 0 0 rg BT 57.37 629.21 Td (erm Loan, net \(2.48%\)) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 139.09 633.29 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 629.21 Td (195) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 629.21 Td (200) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.50 615.20 Td (Credit Facilities Sub-total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.50 615.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 615.21 Td (538) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.50 615.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 615.21 Td (548) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 593.21 Td (7.25%Senior Notes due 2020) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.50 593.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 593.21 Td (400) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.50 593.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 593.21 Td (400) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 579.21 Td (6.375%Senior Notes due 2022) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 579.21 Td (400) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 579.21 Td (400) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 565.21 Td (5.875%Senior Notes due 2024) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 565.21 Td (400) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 565.21 Td (400) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 551.21 Td ( Less: deferred financing costs related to senior notes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 551.21 Td (\(14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 551.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.50 551.21 Td (\(16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 551.21 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.50 537.20 Td (Senior Notes Sub-total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.50 537.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 537.21 Td (1,186) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.50 537.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 537.21 Td (1,184) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 523.21 Td (4.00% - 5.25% Tax-Exempt Bonds due from 2024 to 2045) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.50 523.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 523.21 Td (464) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.50 523.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 523.21 Td (464) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 509.21 Td ( Less: deferred financing costs related to tax-exempt bonds) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 509.21 Td (\(5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 509.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 509.21 Td (\(6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 509.21 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.50 495.20 Td (Tax-Exempt Bonds Sub-total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.50 495.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 495.21 Td (459) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.50 495.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 495.21 Td (458) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 481.21 Td (3.48% - 4.52% Equipment financing capital leases due 2020 through 2027) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.50 481.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 481.21 Td (69) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.50 481.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 481.21 Td (73) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 467.20 Td (Total long-term debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.50 467.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 467.21 Td (2,252) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.50 467.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 467.21 Td (2,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 453.21 Td (Less: current portion) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 453.21 Td (\(9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 453.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 453.21 Td (\(8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 453.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 439.20 Td (Noncurrent long-term debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.50 439.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 439.21 Td (2,243) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.50 439.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 439.21 Td (2,255) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 425.20 Td (PROJECT DEBT:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 412.15 Td (North America project debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 398.01 Td (4.00 - 5.00% North America Project Debt related to Service Fee structures due 2017 through 2035) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.50 397.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 397.21 Td (78) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.50 397.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 397.21 Td (117) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 383.21 Td (Union capital lease due 2017 through 2053) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 383.21 Td (99) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 383.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 369.21 Td (5.248% - 6.20% North America Project Debt related to Tip Fee structures due 2017 through 2020) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 369.21 Td (16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 369.21 Td (23) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 356.01 Td (Unamortized debt premium, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 355.21 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 355.21 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 341.21 Td ( Less: deferred financing costs related to North America project debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 341.21 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 341.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 341.21 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 341.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 328.01 Td (Total North America project debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.50 327.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 327.21 Td (196) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.50 327.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 327.21 Td (144) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 314.15 Td (Other project debt:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 299.01 Td (Dublin senior loan due 2021 \(5.72% - 6.41%\)) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 223.22 303.09 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.50 298.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 298.21 Td (155) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.50 298.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 298.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 285.01 Td (Debt discount related to Dublin senior loan) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 284.21 Td (\(6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 284.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 284.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 271.01 Td ( Less: deferred financing costs related to Dublin senior loan) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 270.21 Td (\(18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 270.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 270.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 257.01 Td (Dublin senior loan, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.50 256.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 256.21 Td (131) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.50 256.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 256.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 243.01 Td (Dublin junior loan due 2022 \(9.23% - 9.73%\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.50 242.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 242.21 Td (58) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.50 242.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 242.21 Td (57) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 229.01 Td ( Debt discount related to Dublin junior loan) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 228.21 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 228.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 228.21 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 228.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 215.01 Td ( Less: deferred financing costs related to Dublin junior loan) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 214.21 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 214.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 214.21 Td (\(2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 214.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 201.01 Td (Dublin junior loan, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.50 200.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 200.21 Td (56) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.50 200.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 200.21 Td (54) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 187.01 Td (Total other project debt, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 186.21 Td (187) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 186.21 Td (54) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 173.15 Td (Total project debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 172.21 Td (383) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 172.21 Td (198) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 158.21 Td (Less: Current portion, includes $1 and $1 of net unamortized premium) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 158.21 Td (\(22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 158.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.50 158.21 Td (\(16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 158.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 144.20 Td (Noncurrent project debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.50 144.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 144.21 Td (361) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.50 144.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 144.21 Td (182) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 126.20 Td (TOTAL CONSOLIDATED DEBT) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.50 126.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 126.21 Td (2,635) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.50 126.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 126.21 Td (2,461) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 112.21 Td ( Less: Current debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 112.21 Td (\(31) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 112.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.50 112.21 Td (\(24) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 112.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 99.15 Td (TOTAL NONCURRENT CONSOLIDATED DEBT) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.50 98.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 98.21 Td (2,604) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.50 98.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 98.21 Td (2,437) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 52.50 89.33 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.56 85.70 Td ( Eurodollar rates only; excludes base rate borrowings.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 52.50 75.33 Td (\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.56 71.70 Td ( Reflects hedged fixed rates.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 175 0 obj <>] /Rotate 0 /Contents 176 0 R>> endobj 176 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (87) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 726.25 Td (Cr) Tj ET Q q 0 0 0 rg BT 60.98 726.25 Td (edit Facilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 708.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 76.65 708.25 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 117.11 708.25 Td (, ) Tj ET Q q 0 0 0 rg BT 122.21 708.25 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 158.14 708.25 Td (Ener) Tj ET Q q 0 0 0 rg BT 176.83 708.25 Td (gy) Tj ET Q q 0 0 0 rg BT 186.18 708.25 Td (, ) Tj ET Q q 0 0 0 rg BT 191.28 708.25 Td (has) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.11 708.25 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 227.21 708.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.33 708.25 Td ( ) Tj ET Q q 0 0 0 rg BT 255.93 708.25 Td (in ) Tj ET Q q 0 0 0 rg BT 266.31 708.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 293.34 708.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 326.48 708.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 351.84 708.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 388.87 708.25 Td (consisting ) Tj ET Q q 0 0 0 rg BT 432.03 708.25 Td (of ) Tj ET Q q 0 0 0 rg BT 442.96 708.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 708.25 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 470.10 708.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.21 708.25 Td ( ) Tj ET Q q 0 0 0 rg BT 498.81 708.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 539.74 708.25 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 696.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 80.36 696.25 Td (expiring ) Tj ET Q q 0 0 0 rg BT 116.23 696.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 138.77 696.25 Td (through ) Tj ET Q q 0 0 0 rg BT 172.42 696.25 Td (2020 ) Tj ET Q q 0 0 0 rg BT 194.96 696.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 213.05 696.25 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 261.69 696.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 289.23 696.25 Td (Facility\) ) Tj ET Q q 0 0 0 rg BT 330.09 696.25 Td (and ) Tj ET Q q 0 0 0 rg BT 347.07 696.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.05 696.25 Td ($196 ) Tj ET Q q 0 0 0 rg BT 376.59 696.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.49 696.25 Td ( ) Tj ET Q q 0 0 0 rg BT 408.03 696.25 Td (term ) Tj ET Q q 0 0 0 rg BT 428.89 696.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 448.65 696.25 Td (due ) Tj ET Q q 0 0 0 rg BT 465.63 696.25 Td (2020 ) Tj ET Q q 0 0 0 rg BT 488.17 696.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 506.26 696.25 Td (T) Tj ET Q q 0 0 0 rg BT 516.11 696.25 Td (erm ) Tj ET Q q 0 0 0 rg BT 534.20 696.25 Td (Loan\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 684.25 Td (\(collectively ) Tj ET Q q 0 0 0 rg BT 101.98 684.25 Td (referred ) Tj ET Q q 0 0 0 rg BT 136.11 684.25 Td (to ) Tj ET Q q 0 0 0 rg BT 146.39 684.25 Td (as ) Tj ET Q q 0 0 0 rg BT 157.22 684.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.94 684.25 Td ("Credit ) Tj ET Q q 0 0 0 rg BT 203.51 684.25 Td (Facilities"\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 666.25 Td (The ) Tj ET Q q 0 0 0 rg BT 75.61 666.25 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 118.83 666.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 145.38 666.25 Td (Facility ) Tj ET Q q 0 0 0 rg BT 177.50 666.25 Td (is ) Tj ET Q q 0 0 0 rg BT 185.72 666.25 Td (available ) Tj ET Q q 0 0 0 rg BT 223.37 666.25 Td (for ) Tj ET Q q 0 0 0 rg BT 236.59 666.25 Td (the ) Tj ET Q q 0 0 0 rg BT 250.37 666.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 285.80 666.25 Td (of ) Tj ET Q q 0 0 0 rg BT 295.69 666.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 321.69 666.25 Td (of ) Tj ET Q q 0 0 0 rg BT 331.57 666.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 355.90 666.25 Td (of ) Tj ET Q q 0 0 0 rg BT 365.79 666.25 Td (up ) Tj ET Q q 0 0 0 rg BT 377.35 666.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.68 666.25 Td ($600 ) Tj ET Q q 0 0 0 rg BT 408.24 666.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.13 666.25 Td (, ) Tj ET Q q 0 0 0 rg BT 441.19 666.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 477.19 666.25 Td (for ) Tj ET Q q 0 0 0 rg BT 490.41 666.25 Td (a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.35 666.25 Td ($50 ) Tj ET Q q 0 0 0 rg BT 513.91 666.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.80 666.25 Td (sub-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 71.52 654.25 Td (for ) Tj ET Q q 0 0 0 rg BT 86.30 654.25 Td (the ) Tj ET Q q 0 0 0 rg BT 101.64 654.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 138.65 654.25 Td (of ) Tj ET Q q 0 0 0 rg BT 150.10 654.25 Td (swing ) Tj ET Q q 0 0 0 rg BT 177.12 654.25 Td (line ) Tj ET Q q 0 0 0 rg BT 195.24 654.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 219.47 654.25 Td (\(a ) Tj ET Q q 0 0 0 rg BT 230.36 654.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 250.71 654.25 Td (that ) Tj ET Q q 0 0 0 rg BT 268.83 654.25 Td (can ) Tj ET Q q 0 0 0 rg BT 285.83 654.25 Td (be ) Tj ET Q q 0 0 0 rg BT 298.39 654.25 Td (requested ) Tj ET Q q 0 0 0 rg BT 339.83 654.25 Td (in ) Tj ET Q q 0 0 0 rg BT 350.74 654.25 Td (US ) Tj ET Q q 0 0 0 rg BT 366.64 654.25 Td (Dollars ) Tj ET Q q 0 0 0 rg BT 399.21 654.25 Td (on ) Tj ET Q q 0 0 0 rg BT 412.33 654.25 Td (a ) Tj ET Q q 0 0 0 rg BT 419.90 654.25 Td (same ) Tj ET Q q 0 0 0 rg BT 443.57 654.25 Td (day ) Tj ET Q q 0 0 0 rg BT 461.13 654.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 484.26 654.25 Td (for ) Tj ET Q q 0 0 0 rg BT 499.04 654.25 Td (a ) Tj ET Q q 0 0 0 rg BT 506.60 654.25 Td (short ) Tj ET Q q 0 0 0 rg BT 529.73 654.25 Td (drawing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.25 Td (period\); ) Tj ET Q q 0 0 0 rg BT 83.54 642.25 Td (and ) Tj ET Q q 0 0 0 rg BT 100.37 642.25 Td (is ) Tj ET Q q 0 0 0 rg BT 109.43 642.25 Td (available ) Tj ET Q q 0 0 0 rg BT 147.90 642.25 Td (in ) Tj ET Q q 0 0 0 rg BT 158.07 642.25 Td (US ) Tj ET Q q 0 0 0 rg BT 173.24 642.25 Td (Dollars, ) Tj ET Q q 0 0 0 rg BT 207.57 642.25 Td (Euros, ) Tj ET Q q 0 0 0 rg BT 235.78 642.25 Td (Pounds ) Tj ET Q q 0 0 0 rg BT 267.63 642.25 Td (Sterling, ) Tj ET Q q 0 0 0 rg BT 304.18 642.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 344.33 642.25 Td (Dollars ) Tj ET Q q 0 0 0 rg BT 376.16 642.25 Td (and ) Tj ET Q q 0 0 0 rg BT 392.98 642.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 422.57 642.25 Td (other ) Tj ET Q q 0 0 0 rg BT 445.51 642.25 Td (currencies ) Tj ET Q q 0 0 0 rg BT 488.98 642.25 Td (to ) Tj ET Q q 0 0 0 rg BT 499.14 642.25 Td (be ) Tj ET Q q 0 0 0 rg BT 510.97 642.25 Td (agreed ) Tj ET Q q 0 0 0 rg BT 540.00 642.25 Td (upon, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.23 630.25 Td (each ) Tj ET Q q 0 0 0 rg BT 81.50 630.25 Td (case ) Tj ET Q q 0 0 0 rg BT 101.66 630.25 Td (for ) Tj ET Q q 0 0 0 rg BT 116.27 630.25 Td (either ) Tj ET Q q 0 0 0 rg BT 141.99 630.25 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 190.50 630.25 Td (or ) Tj ET Q q 0 0 0 rg BT 201.78 630.25 Td (for ) Tj ET Q q 0 0 0 rg BT 216.39 630.25 Td (the ) Tj ET Q q 0 0 0 rg BT 231.56 630.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 268.39 630.25 Td (of ) Tj ET Q q 0 0 0 rg BT 279.67 630.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 307.06 630.25 Td (of ) Tj ET Q q 0 0 0 rg BT 318.34 630.25 Td (credit. ) Tj ET Q q 0 0 0 rg BT 346.35 630.25 Td (The ) Tj ET Q q 0 0 0 rg BT 364.85 630.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 403.34 630.25 Td (under ) Tj ET Q q 0 0 0 rg BT 429.06 630.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.23 630.25 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 488.85 630.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 516.80 630.25 Td (Facility ) Tj ET Q q 0 0 0 rg BT 550.30 630.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.25 Td (available ) Tj ET Q q 0 0 0 rg BT 88.09 618.25 Td (for ) Tj ET Q q 0 0 0 rg BT 102.25 618.25 Td (working ) Tj ET Q q 0 0 0 rg BT 138.08 618.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 167.23 618.25 Td (and ) Tj ET Q q 0 0 0 rg BT 184.17 618.25 Td (general ) Tj ET Q q 0 0 0 rg BT 216.09 618.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 256.35 618.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 294.40 618.25 Td (of ) Tj ET Q q 0 0 0 rg BT 305.23 618.25 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 341.05 618.25 Td (Ener) Tj ET Q q 0 0 0 rg BT 359.75 618.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 372.25 618.25 Td (and ) Tj ET Q q 0 0 0 rg BT 389.19 618.25 Td (its ) Tj ET Q q 0 0 0 rg BT 401.14 618.25 Td (subsidiaries.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 600.25 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 600.25 Td (e ) Tj ET Q q 0 0 0 rg BT 74.78 600.25 Td (have ) Tj ET Q q 0 0 0 rg BT 96.87 600.25 Td (the ) Tj ET Q q 0 0 0 rg BT 112.29 600.25 Td (option ) Tj ET Q q 0 0 0 rg BT 141.05 600.25 Td (to ) Tj ET Q q 0 0 0 rg BT 152.04 600.25 Td (establish ) Tj ET Q q 0 0 0 rg BT 190.24 600.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 233.44 600.25 Td (term ) Tj ET Q q 0 0 0 rg BT 254.97 600.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 275.40 600.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 333.04 600.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 361.79 600.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 397.76 600.25 Td (the ) Tj ET Q q 0 0 0 rg BT 413.18 600.25 Td (size ) Tj ET Q q 0 0 0 rg BT 431.93 600.25 Td (of ) Tj ET Q q 0 0 0 rg BT 443.47 600.25 Td (the ) Tj ET Q q 0 0 0 rg BT 458.89 600.25 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 503.77 600.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 531.97 600.25 Td (Facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 588.25 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 98.83 588.25 Td (, ) Tj ET Q q 0 0 0 rg BT 105.90 588.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.69 588.25 Td (Incremental ) Tj ET Q q 0 0 0 rg BT 179.44 588.25 Td (Facilities\), ) Tj ET Q q 0 0 0 rg BT 230.94 588.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 263.84 588.25 Td (to ) Tj ET Q q 0 0 0 rg BT 276.19 588.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.98 588.25 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 343.09 588.25 Td (of ) Tj ET Q q 0 0 0 rg BT 355.99 588.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 387.77 588.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 434.00 588.25 Td (and ) Tj ET Q q 0 0 0 rg BT 453.01 588.25 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 495.36 588.25 Td (suf) Tj ET Q q 0 0 0 rg BT 507.40 588.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 537.51 588.25 Td (lender ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 576.25 Td (commitments, ) Tj ET Q q 0 0 0 rg BT 109.41 576.25 Td (in ) Tj ET Q q 0 0 0 rg BT 120.16 576.25 Td (an ) Tj ET Q q 0 0 0 rg BT 132.57 576.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 165.54 576.25 Td (up ) Tj ET Q q 0 0 0 rg BT 178.51 576.25 Td (to ) Tj ET Q q 0 0 0 rg BT 189.26 576.25 Td (the ) Tj ET Q q 0 0 0 rg BT 204.45 576.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 235.18 576.25 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.01 576.25 Td ($500 ) Tj ET Q q 0 0 0 rg BT 268.98 576.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.88 576.25 Td (and ) Tj ET Q q 0 0 0 rg BT 317.79 576.25 Td (the ) Tj ET Q q 0 0 0 rg BT 332.98 576.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 365.94 576.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 386.41 576.25 Td (after ) Tj ET Q q 0 0 0 rg BT 407.70 576.25 Td (giving ) Tj ET Q q 0 0 0 rg BT 436.23 576.25 Td (ef) Tj ET Q q 0 0 0 rg BT 443.82 576.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 461.77 576.25 Td (to ) Tj ET Q q 0 0 0 rg BT 472.53 576.25 Td (the ) Tj ET Q q 0 0 0 rg BT 487.71 576.25 Td (incurrence ) Tj ET Q q 0 0 0 rg BT 532.88 576.25 Td (of ) Tj ET Q q 0 0 0 rg BT 544.18 576.25 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 564.25 Td (Incremental ) Tj ET Q q 0 0 0 rg BT 99.64 564.25 Td (Facilities, ) Tj ET Q q 0 0 0 rg BT 141.19 564.25 Td (would ) Tj ET Q q 0 0 0 rg BT 168.58 564.25 Td (not ) Tj ET Q q 0 0 0 rg BT 183.75 564.25 Td (result ) Tj ET Q q 0 0 0 rg BT 208.35 564.25 Td (in ) Tj ET Q q 0 0 0 rg BT 218.52 564.25 Td (a ) Tj ET Q q 0 0 0 rg BT 225.35 564.25 Td (leverage ) Tj ET Q q 0 0 0 rg BT 261.60 564.25 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 284.82 564.25 Td (as ) Tj ET Q q 0 0 0 rg BT 295.54 564.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 327.92 564.25 Td (in ) Tj ET Q q 0 0 0 rg BT 338.08 564.25 Td (the ) Tj ET Q q 0 0 0 rg BT 352.69 564.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 377.84 564.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 421.88 564.25 Td (governing ) Tj ET Q q 0 0 0 rg BT 464.81 564.25 Td (our ) Tj ET Q q 0 0 0 rg BT 480.53 564.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 507.92 564.25 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 546.97 564.25 Td (\(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 552.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 80.88 552.25 Td (Agreement\), ) Tj ET Q q 0 0 0 rg BT 138.07 552.25 Td (exceeding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.11 552.25 Td (2.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.61 552.25 Td (:1.00.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 58.50 534.25 Td (A) Tj ET Q q 0 0 0 rg BT 64.43 534.25 Td (vailability under Revolving Credit Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 516.25 Td (As ) Tj ET Q q 0 0 0 rg BT 72.11 516.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.94 516.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 141.53 516.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.53 516.25 Td (, ) Tj ET Q q 0 0 0 rg BT 166.53 516.25 Td (we ) Tj ET Q q 0 0 0 rg BT 180.69 516.25 Td (had ) Tj ET Q q 0 0 0 rg BT 197.63 516.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 245.11 516.25 Td (under ) Tj ET Q q 0 0 0 rg BT 270.38 516.25 Td (the ) Tj ET Q q 0 0 0 rg BT 285.10 516.25 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 329.26 516.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 356.76 516.25 Td (Facility ) Tj ET Q q 0 0 0 rg BT 389.81 516.25 Td (as ) Tj ET Q q 0 0 0 rg BT 400.64 516.25 Td (follows ) Tj ET Q q 0 0 0 rg BT 433.14 516.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 446.75 516.25 Td (millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 465.75 160.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 465.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.00 465.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.00 465.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 465.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 465.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 465.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 465.75 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 465.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 465.75 71.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 465.75 m 268 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 465.75 m 330 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 465.75 m 406 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 465.75 m 488 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 465.75 m 563 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 465.75 m 268 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 465.75 m 330 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 465.75 m 406 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 465.75 m 488 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 465.75 m 563 465.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 229.75 485.98 Td (T) Tj ET Q q 0 0 0 rg BT 234.35 485.98 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.60 477.98 Td (Facility ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 215.80 469.98 Td (Commitment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 281.35 469.98 Td (Expiring ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 313.58 473.61 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.95 485.98 Td (Direct Borrowings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.60 477.98 Td (as of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.25 469.98 Td (December 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.90 485.98 Td (Outstanding Letters) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.20 477.98 Td (of Credit as of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.25 469.98 Td (December 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.40 477.98 Td (Availability as of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.75 469.98 Td (December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 455.42 Td (Revolving Credit Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.50 455.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.65 455.42 Td (1,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.50 455.42 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.50 455.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 455.42 Td (343) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.50 455.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 455.42 Td (156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 455.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 455.42 Td (501) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 433.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 63.48 433.25 Td (The ) Tj ET Q q 0 0 0 rg BT 81.35 433.25 Td (T) Tj ET Q q 0 0 0 rg BT 87.10 433.25 Td (ranche B commitment of $50 million expires in March 2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 415.25 Td (During ) Tj ET Q q 0 0 0 rg BT 88.30 415.25 Td (the ) Tj ET Q q 0 0 0 rg BT 101.99 415.25 Td (year ) Tj ET Q q 0 0 0 rg BT 120.67 415.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.02 415.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 203.57 415.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.57 415.25 Td (, ) Tj ET Q q 0 0 0 rg BT 227.54 415.25 Td (we ) Tj ET Q q 0 0 0 rg BT 240.67 415.25 Td (made ) Tj ET Q q 0 0 0 rg BT 263.80 415.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 304.13 415.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 350.03 415.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 374.27 415.25 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 421.29 415.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.09 415.25 Td ($744 ) Tj ET Q q 0 0 0 rg BT 452.56 415.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.46 415.25 Td ( ) Tj ET Q q 0 0 0 rg BT 482.93 415.25 Td (under ) Tj ET Q q 0 0 0 rg BT 507.17 415.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.85 415.25 Td (Revolving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 403.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 77.00 403.25 Td (Facility) Tj ET Q q 0 0 0 rg BT 106.90 403.25 Td (, ) Tj ET Q q 0 0 0 rg BT 111.90 403.25 Td (and ) Tj ET Q q 0 0 0 rg BT 128.84 403.25 Td (repaid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.32 403.25 Td ($749 ) Tj ET Q q 0 0 0 rg BT 178.82 403.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.71 403.25 Td ( ) Tj ET Q q 0 0 0 rg BT 210.21 403.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 232.15 403.25 Td (to ) Tj ET Q q 0 0 0 rg BT 242.43 403.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.15 403.25 Td (end ) Tj ET Q q 0 0 0 rg BT 274.08 403.25 Td (of ) Tj ET Q q 0 0 0 rg BT 284.92 403.25 Td (the ) Tj ET Q q 0 0 0 rg BT 299.63 403.25 Td (year) Tj ET Q q 0 0 0 rg BT 316.29 403.25 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 58.50 385.25 Td (Repayment T) Tj ET Q q 0 0 0 rg BT 112.29 385.25 Td (erms) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 367.25 Td (As ) Tj ET Q q 0 0 0 rg BT 71.68 367.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.08 367.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 140.24 367.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.24 367.25 Td (, ) Tj ET Q q 0 0 0 rg BT 164.80 367.25 Td (the ) Tj ET Q q 0 0 0 rg BT 178.94 367.25 Td (T) Tj ET Q q 0 0 0 rg BT 184.35 367.25 Td (erm ) Tj ET Q q 0 0 0 rg BT 201.97 367.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 224.58 367.25 Td (has ) Tj ET Q q 0 0 0 rg BT 239.98 367.25 Td (mandatory ) Tj ET Q q 0 0 0 rg BT 284.82 367.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 322.43 367.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 362.82 367.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.22 367.25 Td ($5 ) Tj ET Q q 0 0 0 rg BT 385.29 367.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.18 367.25 Td ( ) Tj ET Q q 0 0 0 rg BT 416.25 367.25 Td (in ) Tj ET Q q 0 0 0 rg BT 426.10 367.25 Td (each ) Tj ET Q q 0 0 0 rg BT 446.48 367.25 Td (year ) Tj ET Q q 0 0 0 rg BT 465.76 367.25 Td (from ) Tj ET Q q 0 0 0 rg BT 487.27 367.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 509.34 367.25 Td (through ) Tj ET Q q 0 0 0 rg BT 542.52 367.25 Td (2019 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 355.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.44 355.25 Td ($181 ) Tj ET Q q 0 0 0 rg BT 88.94 355.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.83 355.25 Td ( ) Tj ET Q q 0 0 0 rg BT 120.33 355.25 Td (in ) Tj ET Q q 0 0 0 rg BT 130.61 355.25 Td (2020. ) Tj ET Q q 0 0 0 rg BT 155.43 355.25 Td (The ) Tj ET Q q 0 0 0 rg BT 173.47 355.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 200.97 355.25 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 240.13 355.25 Td (are ) Tj ET Q q 0 0 0 rg BT 254.84 355.25 Td (pre-payable ) Tj ET Q q 0 0 0 rg BT 304.53 355.25 Td (at ) Tj ET Q q 0 0 0 rg BT 314.25 355.25 Td (our ) Tj ET Q q 0 0 0 rg BT 330.08 355.25 Td (option ) Tj ET Q q 0 0 0 rg BT 358.13 355.25 Td (at ) Tj ET Q q 0 0 0 rg BT 367.85 355.25 Td (any ) Tj ET Q q 0 0 0 rg BT 384.79 355.25 Td (time.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 58.50 337.25 Td (Interest and Fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 319.25 Td (Borrowings ) Tj ET Q q 0 0 0 rg BT 108.46 319.25 Td (under ) Tj ET Q q 0 0 0 rg BT 133.97 319.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.92 319.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 176.66 319.25 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 216.06 319.25 Td (bear ) Tj ET Q q 0 0 0 rg BT 236.00 319.25 Td (interest, ) Tj ET Q q 0 0 0 rg BT 270.68 319.25 Td (at ) Tj ET Q q 0 0 0 rg BT 280.63 319.25 Td (our ) Tj ET Q q 0 0 0 rg BT 296.70 319.25 Td (option, ) Tj ET Q q 0 0 0 rg BT 327.50 319.25 Td (at ) Tj ET Q q 0 0 0 rg BT 337.46 319.25 Td (either ) Tj ET Q q 0 0 0 rg BT 362.96 319.25 Td (a ) Tj ET Q q 0 0 0 rg BT 370.14 319.25 Td (base ) Tj ET Q q 0 0 0 rg BT 390.64 319.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 408.37 319.25 Td (or ) Tj ET Q q 0 0 0 rg BT 419.44 319.25 Td (a ) Tj ET Q q 0 0 0 rg BT 426.62 319.25 Td (Eurodollar ) Tj ET Q q 0 0 0 rg BT 472.12 319.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 489.84 319.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 509.25 319.25 Td (an ) Tj ET Q q 0 0 0 rg BT 521.43 319.25 Td (applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 307.25 Td (mar) Tj ET Q q 0 0 0 rg BT 64.87 307.25 Td (gin ) Tj ET Q q 0 0 0 rg BT 79.81 307.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 126.96 307.25 Td (by ) Tj ET Q q 0 0 0 rg BT 139.13 307.25 Td (a ) Tj ET Q q 0 0 0 rg BT 145.74 307.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 176.24 307.25 Td (grid ) Tj ET Q q 0 0 0 rg BT 194.51 307.25 Td (based ) Tj ET Q q 0 0 0 rg BT 219.45 307.25 Td (on ) Tj ET Q q 0 0 0 rg BT 231.62 307.25 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 267.12 307.25 Td (Ener) Tj ET Q q 0 0 0 rg BT 285.81 307.25 Td (gy) Tj ET Q q 0 0 0 rg BT 298.59 307.25 Td (s ) Tj ET Q q 0 0 0 rg BT 304.65 307.25 Td (leverage ) Tj ET Q q 0 0 0 rg BT 340.68 307.25 Td (ratio. ) Tj ET Q q 0 0 0 rg BT 363.68 307.25 Td (Base ) Tj ET Q q 0 0 0 rg BT 385.29 307.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 402.44 307.25 Td (is ) Tj ET Q q 0 0 0 rg BT 411.28 307.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 443.43 307.25 Td (as ) Tj ET Q q 0 0 0 rg BT 453.93 307.25 Td (the ) Tj ET Q q 0 0 0 rg BT 468.32 307.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 496.04 307.25 Td (of ) Tj ET Q q 0 0 0 rg BT 506.54 307.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 518.14 307.25 Td (the ) Tj ET Q q 0 0 0 rg BT 532.53 307.25 Td (Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 295.25 Td (Funds ) Tj ET Q q 0 0 0 rg BT 76.26 295.25 Td (Ef) Tj ET Q q 0 0 0 rg BT 85.51 295.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 115.02 295.25 Td (Rate ) Tj ET Q q 0 0 0 rg BT 135.65 295.25 Td (plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.62 295.25 Td (0.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.45 295.25 Td (, ) Tj ET Q q 0 0 0 rg BT 185.25 295.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 199.77 295.25 Td (the ) Tj ET Q q 0 0 0 rg BT 214.29 295.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 231.58 295.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.09 295.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 305.60 295.25 Td (agent ) Tj ET Q q 0 0 0 rg BT 329.56 295.25 Td (announces ) Tj ET Q q 0 0 0 rg BT 374.07 295.25 Td (from ) Tj ET Q q 0 0 0 rg BT 395.81 295.25 Td (time ) Tj ET Q q 0 0 0 rg BT 415.89 295.25 Td (to ) Tj ET Q q 0 0 0 rg BT 425.97 295.25 Td (time ) Tj ET Q q 0 0 0 rg BT 446.04 295.25 Td (as ) Tj ET Q q 0 0 0 rg BT 456.68 295.25 Td (its ) Tj ET Q q 0 0 0 rg BT 468.43 295.25 Td (per ) Tj ET Q q 0 0 0 rg BT 483.50 295.25 Td (annum ) Tj ET Q q 0 0 0 rg BT 513.02 295.25 Td (prime ) Tj ET Q q 0 0 0 rg BT 543.08 295.25 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 283.25 Td (or ) Tj ET Q q 0 0 0 rg BT 59.91 283.25 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 76.98 283.25 Td (the ) Tj ET Q q 0 0 0 rg BT 91.27 283.25 Td (London ) Tj ET Q q 0 0 0 rg BT 124.46 283.25 Td (Interbank ) Tj ET Q q 0 0 0 rg BT 164.85 283.25 Td (Of) Tj ET Q q 0 0 0 rg BT 175.23 283.25 Td (fered ) Tj ET Q q 0 0 0 rg BT 197.84 283.25 Td (Rate ) Tj ET Q q 0 0 0 rg BT 218.24 283.25 Td (\(LIBOR\), ) Tj ET Q q 0 0 0 rg BT 268.36 283.25 Td (or ) Tj ET Q q 0 0 0 rg BT 278.77 283.25 Td (a ) Tj ET Q q 0 0 0 rg BT 285.28 283.25 Td (comparable ) Tj ET Q q 0 0 0 rg BT 334.00 283.25 Td (or ) Tj ET Q q 0 0 0 rg BT 344.41 283.25 Td (successor ) Tj ET Q q 0 0 0 rg BT 384.81 283.25 Td (rate, ) Tj ET Q q 0 0 0 rg BT 404.37 283.25 Td (plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.12 283.25 Td (1.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.95 283.25 Td (. ) Tj ET Q q 0 0 0 rg BT 453.52 283.25 Td (Base ) Tj ET Q q 0 0 0 rg BT 475.04 283.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 492.10 283.25 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 539.73 283.25 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 271.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.60 271.25 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 109.14 271.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 137.02 271.25 Td (Facility ) Tj ET Q q 0 0 0 rg BT 170.45 271.25 Td (bear ) Tj ET Q q 0 0 0 rg BT 190.54 271.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 222.85 271.25 Td (at ) Tj ET Q q 0 0 0 rg BT 232.95 271.25 Td (the ) Tj ET Q q 0 0 0 rg BT 248.04 271.25 Td (base ) Tj ET Q q 0 0 0 rg BT 268.69 271.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 286.56 271.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 306.11 271.25 Td (an ) Tj ET Q q 0 0 0 rg BT 318.42 271.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 362.39 271.25 Td (mar) Tj ET Q q 0 0 0 rg BT 377.76 271.25 Td (gin ) Tj ET Q q 0 0 0 rg BT 393.42 271.25 Td (ranging ) Tj ET Q q 0 0 0 rg BT 426.84 271.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.16 271.25 Td (0.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.99 271.25 Td ( ) Tj ET Q q 0 0 0 rg BT 477.87 271.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.53 271.25 Td (1.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.36 271.25 Td (. ) Tj ET Q q 0 0 0 rg BT 519.74 271.25 Td (Eurodollar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 259.25 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 97.50 259.25 Td (under ) Tj ET Q q 0 0 0 rg BT 122.73 259.25 Td (the ) Tj ET Q q 0 0 0 rg BT 137.40 259.25 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 181.51 259.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 208.96 259.25 Td (Facility ) Tj ET Q q 0 0 0 rg BT 241.96 259.25 Td (bear ) Tj ET Q q 0 0 0 rg BT 261.62 259.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 293.51 259.25 Td (at ) Tj ET Q q 0 0 0 rg BT 303.18 259.25 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 335.63 259.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 354.76 259.25 Td (an ) Tj ET Q q 0 0 0 rg BT 366.65 259.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 410.19 259.25 Td (mar) Tj ET Q q 0 0 0 rg BT 425.55 259.25 Td (gin ) Tj ET Q q 0 0 0 rg BT 440.79 259.25 Td (ranging ) Tj ET Q q 0 0 0 rg BT 473.78 259.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.68 259.25 Td (1.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.51 259.25 Td ( ) Tj ET Q q 0 0 0 rg BT 523.96 259.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.19 259.25 Td (2.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.02 259.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 247.25 Td (Fees ) Tj ET Q q 0 0 0 rg BT 70.21 247.25 Td (for ) Tj ET Q q 0 0 0 rg BT 84.25 247.25 Td (issuances ) Tj ET Q q 0 0 0 rg BT 124.40 247.25 Td (of ) Tj ET Q q 0 0 0 rg BT 135.11 247.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 161.92 247.25 Td (of ) Tj ET Q q 0 0 0 rg BT 172.63 247.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 197.78 247.25 Td (include ) Tj ET Q q 0 0 0 rg BT 229.59 247.25 Td (fronting ) Tj ET Q q 0 0 0 rg BT 264.19 247.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 282.67 247.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 306.70 247.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.86 247.25 Td (0.15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.69 247.25 Td ( ) Tj ET Q q 0 0 0 rg BT 345.07 247.25 Td (per ) Tj ET Q q 0 0 0 rg BT 360.22 247.25 Td (annum ) Tj ET Q q 0 0 0 rg BT 389.82 247.25 Td (and ) Tj ET Q q 0 0 0 rg BT 406.64 247.25 Td (a ) Tj ET Q q 0 0 0 rg BT 413.46 247.25 Td (participation ) Tj ET Q q 0 0 0 rg BT 466.38 247.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 480.96 247.25 Td (for ) Tj ET Q q 0 0 0 rg BT 495.00 247.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.60 247.25 Td (lenders ) Tj ET Q q 0 0 0 rg BT 540.86 247.25 Td (equal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 235.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.26 235.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.45 235.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 119.52 235.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 151.93 235.25 Td (mar) Tj ET Q q 0 0 0 rg BT 167.29 235.25 Td (gin ) Tj ET Q q 0 0 0 rg BT 183.05 235.25 Td (for ) Tj ET Q q 0 0 0 rg BT 197.69 235.25 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 230.67 235.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 248.63 235.25 Td (borrowings. ) Tj ET Q q 0 0 0 rg BT 299.44 235.25 Td (W) Tj ET Q q 0 0 0 rg BT 308.08 235.25 Td (e ) Tj ET Q q 0 0 0 rg BT 315.50 235.25 Td (will ) Tj ET Q q 0 0 0 rg BT 334.03 235.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 357.55 235.25 Td (an ) Tj ET Q q 0 0 0 rg BT 369.97 235.25 Td (unused ) Tj ET Q q 0 0 0 rg BT 401.28 235.25 Td (commitment ) Tj ET Q q 0 0 0 rg BT 454.80 235.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 469.99 235.25 Td (ranging ) Tj ET Q q 0 0 0 rg BT 503.51 235.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.93 235.25 Td (0.30%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.76 235.25 Td ( ) Tj ET Q q 0 0 0 rg BT 554.73 235.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 223.25 Td (0.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.33 223.25 Td ( ) Tj ET Q q 0 0 0 rg BT 77.83 223.25 Td (on ) Tj ET Q q 0 0 0 rg BT 90.33 223.25 Td (the ) Tj ET Q q 0 0 0 rg BT 105.05 223.25 Td (unused ) Tj ET Q q 0 0 0 rg BT 135.88 223.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 168.37 223.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.20 223.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 236.14 223.25 Td (under ) Tj ET Q q 0 0 0 rg BT 261.41 223.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.13 223.25 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 320.29 223.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 347.79 223.25 Td (Facility) Tj ET Q q 0 0 0 rg BT 377.69 223.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 205.25 Td (Base ) Tj ET Q q 0 0 0 rg BT 79.89 205.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 96.83 205.25 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 144.34 205.25 Td (under ) Tj ET Q q 0 0 0 rg BT 169.06 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.09 205.25 Td (T) Tj ET Q q 0 0 0 rg BT 188.50 205.25 Td (erm ) Tj ET Q q 0 0 0 rg BT 206.00 205.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 228.51 205.25 Td (bear ) Tj ET Q q 0 0 0 rg BT 247.67 205.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 279.06 205.25 Td (at ) Tj ET Q q 0 0 0 rg BT 288.23 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 302.40 205.25 Td (base ) Tj ET Q q 0 0 0 rg BT 322.12 205.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 339.06 205.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 357.69 205.25 Td (an ) Tj ET Q q 0 0 0 rg BT 369.08 205.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 412.12 205.25 Td (mar) Tj ET Q q 0 0 0 rg BT 427.49 205.25 Td (gin ) Tj ET Q q 0 0 0 rg BT 442.22 205.25 Td (ranging ) Tj ET Q q 0 0 0 rg BT 474.72 205.25 Td (from) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.66 205.25 Td (0.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.49 205.25 Td ( ) Tj ET Q q 0 0 0 rg BT 524.45 205.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.18 205.25 Td (1.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 205.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 193.25 Td (Eurodollar ) Tj ET Q q 0 0 0 rg BT 94.76 193.25 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 142.82 193.25 Td (under ) Tj ET Q q 0 0 0 rg BT 168.08 193.25 Td (the ) Tj ET Q q 0 0 0 rg BT 182.62 193.25 Td (T) Tj ET Q q 0 0 0 rg BT 188.03 193.25 Td (erm ) Tj ET Q q 0 0 0 rg BT 206.08 193.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 229.12 193.25 Td (bear ) Tj ET Q q 0 0 0 rg BT 248.83 193.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 280.76 193.25 Td (at ) Tj ET Q q 0 0 0 rg BT 290.48 193.25 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 322.98 193.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 342.15 193.25 Td (an ) Tj ET Q q 0 0 0 rg BT 354.09 193.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 397.68 193.25 Td (mar) Tj ET Q q 0 0 0 rg BT 413.04 193.25 Td (gin ) Tj ET Q q 0 0 0 rg BT 428.32 193.25 Td (ranging ) Tj ET Q q 0 0 0 rg BT 461.37 193.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.31 193.25 Td (1.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.14 193.25 Td ( ) Tj ET Q q 0 0 0 rg BT 511.64 193.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.92 193.25 Td (2.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.75 193.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 58.50 175.25 Td (Guarantees ) Tj ET Q q 0 0 0 rg BT 108.78 175.25 Td (and ) Tj ET Q q 0 0 0 rg BT 126.84 175.25 Td (Securitization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 157.25 Td (The ) Tj ET Q q 0 0 0 rg BT 75.80 157.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 102.55 157.25 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 140.96 157.25 Td (are ) Tj ET Q q 0 0 0 rg BT 154.92 157.25 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 200.53 157.25 Td (by ) Tj ET Q q 0 0 0 rg BT 212.28 157.25 Td (us ) Tj ET Q q 0 0 0 rg BT 222.93 157.25 Td (and ) Tj ET Q q 0 0 0 rg BT 239.12 157.25 Td (by ) Tj ET Q q 0 0 0 rg BT 250.87 157.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 279.82 157.25 Td (of ) Tj ET Q q 0 0 0 rg BT 289.91 157.25 Td (our ) Tj ET Q q 0 0 0 rg BT 304.99 157.25 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 356.33 157.25 Td (The ) Tj ET Q q 0 0 0 rg BT 373.63 157.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 422.60 157.25 Td (that ) Tj ET Q q 0 0 0 rg BT 439.34 157.25 Td (are ) Tj ET Q q 0 0 0 rg BT 453.30 157.25 Td (party ) Tj ET Q q 0 0 0 rg BT 475.60 157.25 Td (to ) Tj ET Q q 0 0 0 rg BT 485.13 157.25 Td (the ) Tj ET Q q 0 0 0 rg BT 499.10 157.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 525.85 157.25 Td (Facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 145.25 Td (agreed ) Tj ET Q q 0 0 0 rg BT 78.44 145.25 Td (to ) Tj ET Q q 0 0 0 rg BT 88.51 145.25 Td (secure ) Tj ET Q q 0 0 0 rg BT 116.34 145.25 Td (all ) Tj ET Q q 0 0 0 rg BT 128.62 145.25 Td (of ) Tj ET Q q 0 0 0 rg BT 139.24 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 153.75 145.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 200.49 145.25 Td (under ) Tj ET Q q 0 0 0 rg BT 225.55 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.06 145.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 267.34 145.25 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 306.29 145.25 Td (by ) Tj ET Q q 0 0 0 rg BT 318.58 145.25 Td (granting, ) Tj ET Q q 0 0 0 rg BT 356.70 145.25 Td (for ) Tj ET Q q 0 0 0 rg BT 370.65 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 385.16 145.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 415.22 145.25 Td (of ) Tj ET Q q 0 0 0 rg BT 425.84 145.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 458.67 145.25 Td (parties, ) Tj ET Q q 0 0 0 rg BT 490.11 145.25 Td (a ) Tj ET Q q 0 0 0 rg BT 496.84 145.25 Td (first ) Tj ET Q q 0 0 0 rg BT 515.24 145.25 Td (priority ) Tj ET Q q 0 0 0 rg BT 547.53 145.25 Td (lien ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 133.25 Td (on ) Tj ET Q q 0 0 0 rg BT 61.52 133.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 114.08 133.25 Td (all ) Tj ET Q q 0 0 0 rg BT 126.09 133.25 Td (of ) Tj ET Q q 0 0 0 rg BT 136.44 133.25 Td (their ) Tj ET Q q 0 0 0 rg BT 156.78 133.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 184.63 133.25 Td (to ) Tj ET Q q 0 0 0 rg BT 194.42 133.25 Td (the ) Tj ET Q q 0 0 0 rg BT 208.65 133.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 235.10 133.25 Td (permitted ) Tj ET Q q 0 0 0 rg BT 275.44 133.25 Td (by ) Tj ET Q q 0 0 0 rg BT 287.45 133.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 321.13 133.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 367.57 133.25 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 416.38 133.25 Td (The ) Tj ET Q q 0 0 0 rg BT 433.94 133.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 460.95 133.25 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 499.63 133.25 Td (are ) Tj ET Q q 0 0 0 rg BT 513.85 133.25 Td (also ) Tj ET Q q 0 0 0 rg BT 531.98 133.25 Td (secured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 121.25 Td (by ) Tj ET Q q 0 0 0 rg BT 62.35 121.25 Td (a ) Tj ET Q q 0 0 0 rg BT 69.63 121.25 Td (pledge ) Tj ET Q q 0 0 0 rg BT 99.13 121.25 Td (of ) Tj ET Q q 0 0 0 rg BT 110.31 121.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 163.70 121.25 Td (all ) Tj ET Q q 0 0 0 rg BT 176.54 121.25 Td (of ) Tj ET Q q 0 0 0 rg BT 187.72 121.25 Td (the ) Tj ET Q q 0 0 0 rg BT 202.78 121.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 232.28 121.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 256.23 121.25 Td (of ) Tj ET Q q 0 0 0 rg BT 267.41 121.25 Td (each ) Tj ET Q q 0 0 0 rg BT 288.57 121.25 Td (of ) Tj ET Q q 0 0 0 rg BT 299.75 121.25 Td (our ) Tj ET Q q 0 0 0 rg BT 315.92 121.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 354.87 121.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 404.93 121.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.22 121.25 Td (65%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.55 121.25 Td ( ) Tj ET Q q 0 0 0 rg BT 443.39 121.25 Td (of ) Tj ET Q q 0 0 0 rg BT 454.57 121.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 507.97 121.25 Td (all ) Tj ET Q q 0 0 0 rg BT 520.81 121.25 Td (the ) Tj ET Q q 0 0 0 rg BT 535.87 121.25 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 109.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.11 109.25 Td (of ) Tj ET Q q 0 0 0 rg BT 83.94 109.25 Td (each ) Tj ET Q q 0 0 0 rg BT 104.75 109.25 Td (of ) Tj ET Q q 0 0 0 rg BT 115.58 109.25 Td (our ) Tj ET Q q 0 0 0 rg BT 131.41 109.25 Td (directly-owned ) Tj ET Q q 0 0 0 rg BT 194.45 109.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 225.82 109.25 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 278.04 109.25 Td (in ) Tj ET Q q 0 0 0 rg BT 288.32 109.25 Td (each ) Tj ET Q q 0 0 0 rg BT 309.13 109.25 Td (case ) Tj ET Q q 0 0 0 rg BT 328.84 109.25 Td (to ) Tj ET Q q 0 0 0 rg BT 339.12 109.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.84 109.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 380.77 109.25 Td (not ) Tj ET Q q 0 0 0 rg BT 396.05 109.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 437.42 109.25 Td (pledged. ) Tj ET Q endstream endobj 177 0 obj <>] /Rotate 0 /Contents 178 0 R>> endobj 178 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (88) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 58.50 726.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 86.19 726.25 Td (Agreement Covenants) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 708.25 Td (The ) Tj ET Q q 0 0 0 rg BT 75.97 708.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 95.11 708.25 Td (documentation ) Tj ET Q q 0 0 0 rg BT 156.46 708.25 Td (governing ) Tj ET Q q 0 0 0 rg BT 198.92 708.25 Td (the ) Tj ET Q q 0 0 0 rg BT 213.06 708.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 239.98 708.25 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 278.56 708.25 Td (contains ) Tj ET Q q 0 0 0 rg BT 313.81 708.25 Td (various ) Tj ET Q q 0 0 0 rg BT 345.17 708.25 Td (af) Tj ET Q q 0 0 0 rg BT 352.76 708.25 Td (firmative ) Tj ET Q q 0 0 0 rg BT 391.33 708.25 Td (and ) Tj ET Q q 0 0 0 rg BT 407.69 708.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 443.48 708.25 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 487.89 708.25 Td (as ) Tj ET Q q 0 0 0 rg BT 498.14 708.25 Td (well ) Tj ET Q q 0 0 0 rg BT 517.28 708.25 Td (as ) Tj ET Q q 0 0 0 rg BT 527.53 708.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 696.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 103.13 696.25 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 148.71 696.25 Td (that ) Tj ET Q q 0 0 0 rg BT 166.81 696.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 188.80 696.25 Td (our ) Tj ET Q q 0 0 0 rg BT 205.23 696.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 233.88 696.25 Td (to ) Tj ET Q q 0 0 0 rg BT 244.76 696.25 Td (engage ) Tj ET Q q 0 0 0 rg BT 276.17 696.25 Td (in ) Tj ET Q q 0 0 0 rg BT 287.05 696.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 317.35 696.25 Td (types ) Tj ET Q q 0 0 0 rg BT 341.56 696.25 Td (of ) Tj ET Q q 0 0 0 rg BT 352.99 696.25 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 406.13 696.25 Td (W) Tj ET Q q 0 0 0 rg BT 414.77 696.25 Td (e ) Tj ET Q q 0 0 0 rg BT 422.30 696.25 Td (were ) Tj ET Q q 0 0 0 rg BT 444.83 696.25 Td (in ) Tj ET Q q 0 0 0 rg BT 455.71 696.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 504.90 696.25 Td (with ) Tj ET Q q 0 0 0 rg BT 525.78 696.25 Td (all ) Tj ET Q q 0 0 0 rg BT 538.87 696.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 696.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 684.25 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 684.25 Td (firmative ) Tj ET Q q 0 0 0 rg BT 96.24 684.25 Td (and ) Tj ET Q q 0 0 0 rg BT 113.18 684.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 149.55 684.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 192.03 684.25 Td (under ) Tj ET Q q 0 0 0 rg BT 217.30 684.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.02 684.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 259.51 684.25 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 298.67 684.25 Td (as ) Tj ET Q q 0 0 0 rg BT 309.50 684.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.33 684.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 378.92 684.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.92 684.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 666.25 Td (The ) Tj ET Q q 0 0 0 rg BT 76.55 666.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 112.92 666.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 155.40 666.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.23 666.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.95 666.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 208.45 666.25 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 247.61 666.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 269.00 666.25 Td (our ) Tj ET Q q 0 0 0 rg BT 284.83 666.25 Td (and ) Tj ET Q q 0 0 0 rg BT 301.77 666.25 Td (our ) Tj ET Q q 0 0 0 rg BT 317.60 666.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 357.30 666.25 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 407.10 666.25 Td ( ) Tj ET Q q 0 0 0 rg BT 409.60 666.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 437.66 666.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 450.43 666.25 Td (among ) Tj ET Q q 0 0 0 rg BT 480.15 666.25 Td (other ) Tj ET Q q 0 0 0 rg BT 503.20 666.25 Td (things:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 651.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 651.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 99.55 651.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 142.04 651.25 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 196.19 651.25 Td (\(including ) Tj ET Q q 0 0 0 rg BT 239.80 651.25 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 281.16 651.25 Td (obligations\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 639.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 639.25 Td (create ) Tj ET Q q 0 0 0 rg BT 102.86 639.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 132.56 639.25 Td (liens ) Tj ET Q q 0 0 0 rg BT 153.95 639.25 Td (against ) Tj ET Q q 0 0 0 rg BT 184.78 639.25 Td (or ) Tj ET Q q 0 0 0 rg BT 195.61 639.25 Td (security ) Tj ET Q q 0 0 0 rg BT 229.76 639.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 265.59 639.25 Td (over ) Tj ET Q q 0 0 0 rg BT 285.86 639.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 315.56 639.25 Td (property;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 627.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 627.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 93.44 627.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 134.83 627.25 Td (on, ) Tj ET Q q 0 0 0 rg BT 149.83 627.25 Td (redeem, ) Tj ET Q q 0 0 0 rg BT 184.25 627.25 Td (or ) Tj ET Q q 0 0 0 rg BT 195.08 627.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 240.88 627.25 Td (our ) Tj ET Q q 0 0 0 rg BT 256.71 627.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 285.87 627.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 309.47 627.25 Td (or ) Tj ET Q q 0 0 0 rg BT 320.30 627.25 Td (make ) Tj ET Q q 0 0 0 rg BT 344.46 627.25 Td (other ) Tj ET Q q 0 0 0 rg BT 367.51 627.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 407.21 627.25 Td (junior ) Tj ET Q q 0 0 0 rg BT 433.59 627.25 Td (payments;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 615.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 615.25 Td (enter ) Tj ET Q q 0 0 0 rg BT 98.99 615.25 Td (into ) Tj ET Q q 0 0 0 rg BT 117.04 615.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 165.07 615.25 Td (that ) Tj ET Q q 0 0 0 rg BT 182.57 615.25 Td (restrict ) Tj ET Q q 0 0 0 rg BT 212.83 615.25 Td (the ) Tj ET Q q 0 0 0 rg BT 227.55 615.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 255.60 615.25 Td (of ) Tj ET Q q 0 0 0 rg BT 266.43 615.25 Td (our ) Tj ET Q q 0 0 0 rg BT 282.26 615.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 331.98 615.25 Td (to ) Tj ET Q q 0 0 0 rg BT 342.26 615.25 Td (make ) Tj ET Q q 0 0 0 rg BT 366.41 615.25 Td (distributions ) Tj ET Q q 0 0 0 rg BT 418.92 615.25 Td (or ) Tj ET Q q 0 0 0 rg BT 429.75 615.25 Td (other ) Tj ET Q q 0 0 0 rg BT 452.79 615.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 493.62 615.25 Td (to ) Tj ET Q q 0 0 0 rg BT 503.90 615.25 Td (us;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 603.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 603.25 Td (make ) Tj ET Q q 0 0 0 rg BT 100.66 603.25 Td (investments;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 591.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 591.25 Td (consolidate, ) Tj ET Q q 0 0 0 rg BT 126.73 591.25 Td (mer) Tj ET Q q 0 0 0 rg BT 142.10 591.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 153.73 591.25 Td (or ) Tj ET Q q 0 0 0 rg BT 164.25 591.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 196.97 591.25 Td (all ) Tj ET Q q 0 0 0 rg BT 209.16 591.25 Td (or ) Tj ET Q q 0 0 0 rg BT 219.68 591.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 272.42 591.25 Td (all ) Tj ET Q q 0 0 0 rg BT 284.61 591.25 Td (of ) Tj ET Q q 0 0 0 rg BT 295.13 591.25 Td (our ) Tj ET Q q 0 0 0 rg BT 310.65 591.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 336.17 591.25 Td (and ) Tj ET Q q 0 0 0 rg BT 352.79 591.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.20 591.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 392.72 591.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.24 591.25 Td (our ) Tj ET Q q 0 0 0 rg BT 418.76 591.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 468.17 591.25 Td (on ) Tj ET Q q 0 0 0 rg BT 480.36 591.25 Td (a ) Tj ET Q q 0 0 0 rg BT 486.99 591.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 539.72 591.25 Td (basis;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 579.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 579.25 Td (dispose ) Tj ET Q q 0 0 0 rg BT 109.00 579.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.83 579.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 149.53 579.25 Td (assets; ) Tj ET Q q 0 0 0 rg BT 178.14 579.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 567.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 567.25 Td (make ) Tj ET Q q 0 0 0 rg BT 100.66 567.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 130.36 567.25 Td (acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 549.25 Td (The ) Tj ET Q q 0 0 0 rg BT 76.13 549.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 113.20 549.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 165.81 549.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 207.88 549.25 Td (of ) Tj ET Q q 0 0 0 rg BT 218.29 549.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.60 549.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 259.68 549.25 Td (Facilities, ) Tj ET Q q 0 0 0 rg BT 300.92 549.25 Td (which ) Tj ET Q q 0 0 0 rg BT 327.45 549.25 Td (are ) Tj ET Q q 0 0 0 rg BT 341.74 549.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 382.14 549.25 Td (on ) Tj ET Q q 0 0 0 rg BT 394.22 549.25 Td (a ) Tj ET Q q 0 0 0 rg BT 400.75 549.25 Td (trailing ) Tj ET Q q 0 0 0 rg BT 431.71 549.25 Td (four ) Tj ET Q q 0 0 0 rg BT 450.46 549.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 480.86 549.25 Td (period ) Tj ET Q q 0 0 0 rg BT 508.49 549.25 Td (basis, ) Tj ET Q q 0 0 0 rg BT 533.08 549.25 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 537.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 537.25 Td (following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 519.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 519.25 Td (a ) Tj ET Q q 0 0 0 rg BT 83.97 519.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 127.55 519.25 Td (Leverage ) Tj ET Q q 0 0 0 rg BT 167.77 519.25 Td (Ratio ) Tj ET Q q 0 0 0 rg BT 192.46 519.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.82 519.25 Td (4.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.32 519.25 Td ( ) Tj ET Q q 0 0 0 rg BT 224.35 519.25 Td (to ) Tj ET Q q 0 0 0 rg BT 235.16 519.25 Td (1.00 ) Tj ET Q q 0 0 0 rg BT 255.69 519.25 Td (for ) Tj ET Q q 0 0 0 rg BT 270.38 519.25 Td (the ) Tj ET Q q 0 0 0 rg BT 285.62 519.25 Td (trailing ) Tj ET Q q 0 0 0 rg BT 317.53 519.25 Td (four ) Tj ET Q q 0 0 0 rg BT 337.22 519.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 368.56 519.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 399.64 519.25 Td (which ) Tj ET Q q 0 0 0 rg BT 427.11 519.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 467.34 519.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.59 519.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 521.16 519.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 554.18 519.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 507.25 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 113.58 507.25 Td (Ener) Tj ET Q q 0 0 0 rg BT 132.28 507.25 Td (gy) Tj ET Q q 0 0 0 rg BT 145.06 507.25 Td (s ) Tj ET Q q 0 0 0 rg BT 152.70 507.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 207.00 507.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 227.98 507.25 Td (less ) Tj ET Q q 0 0 0 rg BT 246.73 507.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 277.69 507.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 318.65 507.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 344.63 507.25 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 386.69 507.25 Td (to ) Tj ET Q q 0 0 0 rg BT 398.23 507.25 Td (repayment ) Tj ET Q q 0 0 0 rg BT 444.19 507.25 Td (of ) Tj ET Q q 0 0 0 rg BT 456.27 507.25 Td (project ) Tj ET Q q 0 0 0 rg BT 487.79 507.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 508.77 507.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 548.06 507.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 495.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 130.93 495.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 155.93 495.25 Td (\(Consolidated ) Tj ET Q q 0 0 0 rg BT 220.37 495.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 261.48 495.25 Td (Debt\) ) Tj ET Q q 0 0 0 rg BT 293.69 495.25 Td (to ) Tj ET Q q 0 0 0 rg BT 306.47 495.25 Td (its ) Tj ET Q q 0 0 0 rg BT 320.92 495.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 359.24 495.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 398.12 495.25 Td (before ) Tj ET Q q 0 0 0 rg BT 428.66 495.25 Td (interest, ) Tj ET Q q 0 0 0 rg BT 465.59 495.25 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 493.64 495.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 548.06 495.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 483.25 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 132.91 483.25 Td (as ) Tj ET Q q 0 0 0 rg BT 144.62 483.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 188.52 483.25 Td (in ) Tj ET Q q 0 0 0 rg BT 199.68 483.25 Td (the ) Tj ET Q q 0 0 0 rg BT 215.27 483.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 242.90 483.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 290.70 483.25 Td (\(Adjusted ) Tj ET Q q 0 0 0 rg BT 337.95 483.25 Td (EBITDA\). ) Tj ET Q q 0 0 0 rg BT 388.01 483.25 Td (The ) Tj ET Q q 0 0 0 rg BT 406.94 483.25 Td (definition ) Tj ET Q q 0 0 0 rg BT 449.19 483.25 Td (of ) Tj ET Q q 0 0 0 rg BT 460.16 483.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 499.64 483.25 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 535.75 483.25 Td ( ) Tj ET Q q 0 0 0 rg BT 539.13 483.25 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 483.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 471.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 104.00 471.25 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 143.16 471.25 Td (excludes ) Tj ET Q q 0 0 0 rg BT 180.64 471.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 210.34 471.25 Td (non-recurring ) Tj ET Q q 0 0 0 rg BT 267.82 471.25 Td (and ) Tj ET Q q 0 0 0 rg BT 284.76 471.25 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 323.36 471.25 Td (char) Tj ET Q q 0 0 0 rg BT 340.38 471.25 Td (ges.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 453.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 453.25 Td (a ) Tj ET Q q 0 0 0 rg BT 82.65 453.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 123.26 453.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 154.96 453.25 Td (Coverage ) Tj ET Q q 0 0 0 rg BT 194.99 453.25 Td (Ratio ) Tj ET Q q 0 0 0 rg BT 218.37 453.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.42 453.25 Td (3.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.92 453.25 Td ( ) Tj ET Q q 0 0 0 rg BT 247.63 453.25 Td (to ) Tj ET Q q 0 0 0 rg BT 257.13 453.25 Td (1.00, ) Tj ET Q q 0 0 0 rg BT 278.84 453.25 Td (which ) Tj ET Q q 0 0 0 rg BT 305.00 453.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 343.92 453.25 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 378.96 453.25 Td (Ener) Tj ET Q q 0 0 0 rg BT 397.66 453.25 Td (gy) Tj ET Q q 0 0 0 rg BT 410.43 453.25 Td (s ) Tj ET Q q 0 0 0 rg BT 415.66 453.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 453.49 453.25 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 489.59 453.25 Td ( ) Tj ET Q q 0 0 0 rg BT 491.31 453.25 Td (to ) Tj ET Q q 0 0 0 rg BT 500.80 453.25 Td (its ) Tj ET Q q 0 0 0 rg BT 511.97 453.25 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 441.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 109.27 441.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 144.80 441.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 164.81 441.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 195.34 441.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 228.10 441.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 263.64 441.25 Td (of ) Tj ET Q q 0 0 0 rg BT 275.30 441.25 Td (ours, ) Tj ET Q q 0 0 0 rg BT 298.36 441.25 Td (to ) Tj ET Q q 0 0 0 rg BT 309.47 441.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.02 441.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 352.78 441.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 373.33 441.25 Td (by ) Tj ET Q q 0 0 0 rg BT 386.66 441.25 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 423.32 441.25 Td (Ener) Tj ET Q q 0 0 0 rg BT 442.01 441.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 455.35 441.25 Td (as ) Tj ET Q q 0 0 0 rg BT 467.01 441.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 510.87 441.25 Td (in ) Tj ET Q q 0 0 0 rg BT 521.98 441.25 Td (the ) Tj ET Q q 0 0 0 rg BT 537.52 441.25 Td (Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 429.25 Td (Agreement.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 405.25 Td (Senior) Tj ET Q q 0 0 0 rg BT 77.10 405.25 Td ( Notes and Debentur) Tj ET Q q 0 0 0 rg BT 164.97 405.25 Td (es) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 58.50 387.25 Td (7.25%Senior ) Tj ET Q q 0 0 0 rg BT 116.56 387.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 142.39 387.25 Td (due ) Tj ET Q q 0 0 0 rg BT 159.89 387.25 Td (2020 ) Tj ET Q q 0 0 0 rg BT 182.39 387.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 201.00 387.25 Td (7.25%Notes\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 369.25 Td (In ) Tj ET Q q 0 0 0 rg BT 69.98 369.25 Td (2010, ) Tj ET Q q 0 0 0 rg BT 95.63 369.25 Td (we ) Tj ET Q q 0 0 0 rg BT 110.44 369.25 Td (sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.26 369.25 Td ($400 ) Tj ET Q q 0 0 0 rg BT 153.41 369.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.30 369.25 Td ( ) Tj ET Q q 0 0 0 rg BT 185.45 369.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 227.46 369.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 266.15 369.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 299.30 369.25 Td (of ) Tj ET Q q 0 0 0 rg BT 310.78 369.25 Td (7.25% ) Tj ET Q q 0 0 0 rg BT 339.75 369.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 369.01 369.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 395.49 369.25 Td (due ) Tj ET Q q 0 0 0 rg BT 413.08 369.25 Td (2020. ) Tj ET Q q 0 0 0 rg BT 438.73 369.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 471.86 369.25 Td (on ) Tj ET Q q 0 0 0 rg BT 485.01 369.25 Td (the ) Tj ET Q q 0 0 0 rg BT 500.38 369.25 Td (7.25% ) Tj ET Q q 0 0 0 rg BT 529.36 369.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 555.84 369.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 357.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 82.79 357.25 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 141.63 357.25 Td (on ) Tj ET Q q 0 0 0 rg BT 153.83 357.25 Td (June1 ) Tj ET Q q 0 0 0 rg BT 181.85 357.25 Td (and ) Tj ET Q q 0 0 0 rg BT 198.49 357.25 Td (December1 ) Tj ET Q q 0 0 0 rg BT 249.27 357.25 Td (of ) Tj ET Q q 0 0 0 rg BT 259.79 357.25 Td (each ) Tj ET Q q 0 0 0 rg BT 280.30 357.25 Td (year) Tj ET Q q 0 0 0 rg BT 297.11 357.25 Td (, ) Tj ET Q q 0 0 0 rg BT 301.80 357.25 Td (commencing ) Tj ET Q q 0 0 0 rg BT 355.65 357.25 Td (on ) Tj ET Q q 0 0 0 rg BT 367.84 357.25 Td (June1, ) Tj ET Q q 0 0 0 rg BT 398.37 357.25 Td (201) Tj ET Q q 0 0 0 rg BT 413.00 357.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 420.19 357.25 Td (and ) Tj ET Q q 0 0 0 rg BT 436.82 357.25 Td (the ) Tj ET Q q 0 0 0 rg BT 451.24 357.25 Td (7.25% ) Tj ET Q q 0 0 0 rg BT 479.26 357.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 504.79 357.25 Td (will ) Tj ET Q q 0 0 0 rg BT 522.54 357.25 Td (mature ) Tj ET Q q 0 0 0 rg BT 552.50 357.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 345.25 Td (December1, ) Tj ET Q q 0 0 0 rg BT 103.08 345.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.08 345.25 Td ( ) Tj ET Q q 0 0 0 rg BT 125.58 345.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 153.08 345.25 Td (earlier ) Tj ET Q q 0 0 0 rg BT 181.12 345.25 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 222.48 345.25 Td (or ) Tj ET Q q 0 0 0 rg BT 233.31 345.25 Td (repurchased. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 327.25 Td (At ) Tj ET Q q 0 0 0 rg BT 71.08 327.25 Td (our ) Tj ET Q q 0 0 0 rg BT 87.00 327.25 Td (option, ) Tj ET Q q 0 0 0 rg BT 117.64 327.25 Td (the ) Tj ET Q q 0 0 0 rg BT 132.44 327.25 Td (7.25%Notes ) Tj ET Q q 0 0 0 rg BT 186.68 327.25 Td (are ) Tj ET Q q 0 0 0 rg BT 201.47 327.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 232.38 327.25 Td (to ) Tj ET Q q 0 0 0 rg BT 242.74 327.25 Td (redemption ) Tj ET Q q 0 0 0 rg BT 290.86 327.25 Td (at ) Tj ET Q q 0 0 0 rg BT 300.66 327.25 Td (any ) Tj ET Q q 0 0 0 rg BT 317.68 327.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 340.54 327.25 Td (in ) Tj ET Q q 0 0 0 rg BT 350.90 327.25 Td (whole ) Tj ET Q q 0 0 0 rg BT 377.92 327.25 Td (or ) Tj ET Q q 0 0 0 rg BT 388.84 327.25 Td (in ) Tj ET Q q 0 0 0 rg BT 399.20 327.25 Td (part, ) Tj ET Q q 0 0 0 rg BT 419.83 327.25 Td (at ) Tj ET Q q 0 0 0 rg BT 429.63 327.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.43 327.25 Td (redemption ) Tj ET Q q 0 0 0 rg BT 492.55 327.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 519.01 327.25 Td (set ) Tj ET Q q 0 0 0 rg BT 532.70 327.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 554.73 327.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 315.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 315.25 Td (indenture, ) Tj ET Q q 0 0 0 rg BT 106.98 315.25 Td (together ) Tj ET Q q 0 0 0 rg BT 142.24 315.25 Td (with ) Tj ET Q q 0 0 0 rg BT 162.52 315.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 196.11 315.25 Td (and ) Tj ET Q q 0 0 0 rg BT 213.04 315.25 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 242.76 315.25 Td (interest, ) Tj ET Q q 0 0 0 rg BT 277.20 315.25 Td (if ) Tj ET Q q 0 0 0 rg BT 285.80 315.25 Td (any) Tj ET Q q 0 0 0 rg BT 299.59 315.25 Td (, ) Tj ET Q q 0 0 0 rg BT 304.59 315.25 Td (to ) Tj ET Q q 0 0 0 rg BT 314.87 315.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.59 315.25 Td (date ) Tj ET Q q 0 0 0 rg BT 348.74 315.25 Td (of ) Tj ET Q q 0 0 0 rg BT 359.57 315.25 Td (redemption. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 297.25 Td (The ) Tj ET Q q 0 0 0 rg BT 76.37 297.25 Td (7.25% ) Tj ET Q q 0 0 0 rg BT 104.52 297.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 130.18 297.25 Td (are ) Tj ET Q q 0 0 0 rg BT 144.71 297.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 171.47 297.25 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 214.33 297.25 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 263.60 297.25 Td (ranking ) Tj ET Q q 0 0 0 rg BT 296.47 297.25 Td (equally ) Tj ET Q q 0 0 0 rg BT 328.22 297.25 Td (in ) Tj ET Q q 0 0 0 rg BT 338.32 297.25 Td (right ) Tj ET Q q 0 0 0 rg BT 359.53 297.25 Td (of ) Tj ET Q q 0 0 0 rg BT 370.19 297.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 406.94 297.25 Td (with ) Tj ET Q q 0 0 0 rg BT 427.05 297.25 Td (any ) Tj ET Q q 0 0 0 rg BT 443.81 297.25 Td (of ) Tj ET Q q 0 0 0 rg BT 454.46 297.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.00 297.25 Td (future ) Tj ET Q q 0 0 0 rg BT 495.20 297.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 521.96 297.25 Td (unsecured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 285.25 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 105.62 285.25 Td (of ) Tj ET Q q 0 0 0 rg BT 118.41 285.25 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 156.20 285.25 Td (Holding ) Tj ET Q q 0 0 0 rg BT 193.44 285.25 Td (Corporation. ) Tj ET Q q 0 0 0 rg BT 248.41 285.25 Td (The ) Tj ET Q q 0 0 0 rg BT 268.42 285.25 Td (7.25% ) Tj ET Q q 0 0 0 rg BT 298.71 285.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 326.51 285.25 Td (are ) Tj ET Q q 0 0 0 rg BT 343.18 285.25 Td (ef) Tj ET Q q 0 0 0 rg BT 350.76 285.25 Td (fectively ) Tj ET Q q 0 0 0 rg BT 390.21 285.25 Td (junior ) Tj ET Q q 0 0 0 rg BT 418.56 285.25 Td (to ) Tj ET Q q 0 0 0 rg BT 430.80 285.25 Td (our ) Tj ET Q q 0 0 0 rg BT 448.59 285.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 484.72 285.25 Td (and ) Tj ET Q q 0 0 0 rg BT 503.62 285.25 Td (future ) Tj ET Q q 0 0 0 rg BT 531.96 285.25 Td (secured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 273.25 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 106.02 273.25 Td (including ) Tj ET Q q 0 0 0 rg BT 146.15 273.25 Td (any ) Tj ET Q q 0 0 0 rg BT 162.95 273.25 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 204.17 273.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.86 273.25 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 268.88 273.25 Td (under ) Tj ET Q q 0 0 0 rg BT 294.01 273.25 Td (the ) Tj ET Q q 0 0 0 rg BT 308.59 273.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 335.94 273.25 Td (Facilities. ) Tj ET Q q 0 0 0 rg BT 377.29 273.25 Td (The ) Tj ET Q q 0 0 0 rg BT 395.20 273.25 Td (7.25% ) Tj ET Q q 0 0 0 rg BT 423.39 273.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 449.08 273.25 Td (are ) Tj ET Q q 0 0 0 rg BT 463.65 273.25 Td (not ) Tj ET Q q 0 0 0 rg BT 478.79 273.25 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 525.01 273.25 Td (by ) Tj ET Q q 0 0 0 rg BT 537.37 273.25 Td (any ) Tj ET Q q 0 0 0 rg BT 554.17 273.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 261.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.33 261.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 115.05 261.25 Td (and ) Tj ET Q q 0 0 0 rg BT 131.99 261.25 Td (are ) Tj ET Q q 0 0 0 rg BT 146.69 261.25 Td (ef) Tj ET Q q 0 0 0 rg BT 154.28 261.25 Td (fectively ) Tj ET Q q 0 0 0 rg BT 191.76 261.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 245.92 261.25 Td (to ) Tj ET Q q 0 0 0 rg BT 256.19 261.25 Td (all ) Tj ET Q q 0 0 0 rg BT 268.69 261.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 302.85 261.25 Td (and ) Tj ET Q q 0 0 0 rg BT 319.79 261.25 Td (future ) Tj ET Q q 0 0 0 rg BT 346.17 261.25 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 400.33 261.25 Td (and ) Tj ET Q q 0 0 0 rg BT 417.26 261.25 Td (other ) Tj ET Q q 0 0 0 rg BT 440.31 261.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 480.03 261.25 Td (of ) Tj ET Q q 0 0 0 rg BT 490.86 261.25 Td (our ) Tj ET Q q 0 0 0 rg BT 506.69 261.25 Td (subsidiaries.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 243.25 Td (The ) Tj ET Q q 0 0 0 rg BT 76.55 243.25 Td (indenture ) Tj ET Q q 0 0 0 rg BT 116.81 243.25 Td (for ) Tj ET Q q 0 0 0 rg BT 130.97 243.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.69 243.25 Td (7.25%Notes ) Tj ET Q q 0 0 0 rg BT 199.85 243.25 Td (may ) Tj ET Q q 0 0 0 rg BT 219.56 243.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 240.96 243.25 Td (our ) Tj ET Q q 0 0 0 rg BT 256.79 243.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 284.84 243.25 Td (and ) Tj ET Q q 0 0 0 rg BT 301.78 243.25 Td (the ) Tj ET Q q 0 0 0 rg BT 316.49 243.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 344.54 243.25 Td (of ) Tj ET Q q 0 0 0 rg BT 355.38 243.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 385.08 243.25 Td (of ) Tj ET Q q 0 0 0 rg BT 395.91 243.25 Td (our ) Tj ET Q q 0 0 0 rg BT 411.74 243.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 461.45 243.25 Td (to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 225.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 225.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 99.55 225.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 142.04 225.25 Td (indebtedness;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 213.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 213.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 93.44 213.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 134.83 213.25 Td (or ) Tj ET Q q 0 0 0 rg BT 145.66 213.25 Td (make ) Tj ET Q q 0 0 0 rg BT 169.81 213.25 Td (other ) Tj ET Q q 0 0 0 rg BT 192.86 213.25 Td (distributions ) Tj ET Q q 0 0 0 rg BT 245.36 213.25 Td (or ) Tj ET Q q 0 0 0 rg BT 256.19 213.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 302.00 213.25 Td (or ) Tj ET Q q 0 0 0 rg BT 312.83 213.25 Td (redeem ) Tj ET Q q 0 0 0 rg BT 344.75 213.25 Td (their ) Tj ET Q q 0 0 0 rg BT 365.58 213.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 394.73 213.25 Td (stock;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 201.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 201.25 Td (prepay) Tj ET Q q 0 0 0 rg BT 103.06 201.25 Td (, ) Tj ET Q q 0 0 0 rg BT 108.06 201.25 Td (redeem ) Tj ET Q q 0 0 0 rg BT 139.98 201.25 Td (or ) Tj ET Q q 0 0 0 rg BT 150.81 201.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 196.62 201.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 226.32 201.25 Td (debt;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 189.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 189.25 Td (make ) Tj ET Q q 0 0 0 rg BT 100.66 189.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 124.26 189.25 Td (and ) Tj ET Q q 0 0 0 rg BT 141.20 189.25 Td (investments;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 177.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 177.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 92.89 177.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 132.59 177.25 Td (assets;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 165.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 165.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 99.55 165.25 Td (liens;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 153.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 153.25 Td (enter ) Tj ET Q q 0 0 0 rg BT 98.99 153.25 Td (into ) Tj ET Q q 0 0 0 rg BT 117.04 153.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 167.31 153.25 Td (with ) Tj ET Q q 0 0 0 rg BT 187.58 153.25 Td (af) Tj ET Q q 0 0 0 rg BT 195.17 153.25 Td (filiates;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 141.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 141.25 Td (alter ) Tj ET Q q 0 0 0 rg BT 96.76 141.25 Td (the ) Tj ET Q q 0 0 0 rg BT 111.48 141.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 156.20 141.25 Td (they ) Tj ET Q q 0 0 0 rg BT 175.92 141.25 Td (conduct;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 129.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 129.25 Td (enter ) Tj ET Q q 0 0 0 rg BT 98.99 129.25 Td (into ) Tj ET Q q 0 0 0 rg BT 117.04 129.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 165.07 129.25 Td (restricting ) Tj ET Q q 0 0 0 rg BT 208.12 129.25 Td (our ) Tj ET Q q 0 0 0 rg BT 223.95 129.25 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 273.75 129.25 Td ( ) Tj ET Q q 0 0 0 rg BT 276.25 129.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 304.30 129.25 Td (to ) Tj ET Q q 0 0 0 rg BT 314.58 129.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 331.52 129.25 Td (dividends;and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 117.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 117.25 Td (consolidate, ) Tj ET Q q 0 0 0 rg BT 127.04 117.25 Td (mer) Tj ET Q q 0 0 0 rg BT 142.41 117.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 154.35 117.25 Td (or ) Tj ET Q q 0 0 0 rg BT 165.18 117.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 181.56 117.25 Td (all ) Tj ET Q q 0 0 0 rg BT 194.06 117.25 Td (or ) Tj ET Q q 0 0 0 rg BT 204.89 117.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 257.94 117.25 Td (all ) Tj ET Q q 0 0 0 rg BT 270.44 117.25 Td (of ) Tj ET Q q 0 0 0 rg BT 281.27 117.25 Td (their ) Tj ET Q q 0 0 0 rg BT 302.09 117.25 Td (assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 99.25 Td (If ) Tj ET Q q 0 0 0 rg BT 67.62 99.25 Td (and ) Tj ET Q q 0 0 0 rg BT 84.52 99.25 Td (for ) Tj ET Q q 0 0 0 rg BT 98.64 99.25 Td (so ) Tj ET Q q 0 0 0 rg BT 109.99 99.25 Td (long ) Tj ET Q q 0 0 0 rg BT 130.23 99.25 Td (as ) Tj ET Q q 0 0 0 rg BT 141.02 99.25 Td (the ) Tj ET Q q 0 0 0 rg BT 155.70 99.25 Td (7.25%Notes ) Tj ET Q q 0 0 0 rg BT 209.82 99.25 Td (have ) Tj ET Q q 0 0 0 rg BT 231.16 99.25 Td (an ) Tj ET Q q 0 0 0 rg BT 243.06 99.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 289.40 99.25 Td (grade ) Tj ET Q q 0 0 0 rg BT 314.07 99.25 Td (rating ) Tj ET Q q 0 0 0 rg BT 339.86 99.25 Td (and ) Tj ET Q q 0 0 0 rg BT 356.76 99.25 Td (no ) Tj ET Q q 0 0 0 rg BT 369.22 99.25 Td (default ) Tj ET Q q 0 0 0 rg BT 399.44 99.25 Td (under ) Tj ET Q q 0 0 0 rg BT 424.67 99.25 Td (the ) Tj ET Q q 0 0 0 rg BT 439.35 99.25 Td (indenture ) Tj ET Q q 0 0 0 rg BT 479.57 99.25 Td (has ) Tj ET Q q 0 0 0 rg BT 495.37 99.25 Td (occurred, ) Tj ET Q q 0 0 0 rg BT 535.30 99.25 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 87.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 87.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 87.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 117.53 87.25 Td (will ) Tj ET Q q 0 0 0 rg BT 135.59 87.25 Td (be ) Tj ET Q q 0 0 0 rg BT 147.53 87.25 Td (suspended. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 69.25 Td (If ) Tj ET Q q 0 0 0 rg BT 67.83 69.25 Td (we ) Tj ET Q q 0 0 0 rg BT 82.16 69.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 98.71 69.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 128.58 69.25 Td (of ) Tj ET Q q 0 0 0 rg BT 139.58 69.25 Td (our ) Tj ET Q q 0 0 0 rg BT 155.57 69.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 181.57 69.25 Td (or ) Tj ET Q q 0 0 0 rg BT 192.57 69.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 238.54 69.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 272.30 69.25 Td (kinds ) Tj ET Q q 0 0 0 rg BT 296.64 69.25 Td (of ) Tj ET Q q 0 0 0 rg BT 307.63 69.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 342.51 69.25 Td (in ) Tj ET Q q 0 0 0 rg BT 352.95 69.25 Td (control, ) Tj ET Q q 0 0 0 rg BT 386.45 69.25 Td (we ) Tj ET Q q 0 0 0 rg BT 400.77 69.25 Td (must ) Tj ET Q q 0 0 0 rg BT 422.89 69.25 Td (of) Tj ET Q q 0 0 0 rg BT 431.04 69.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 444.81 69.25 Td (to ) Tj ET Q q 0 0 0 rg BT 455.25 69.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 493.46 69.25 Td (the ) Tj ET Q q 0 0 0 rg BT 508.34 69.25 Td (7.25%Notes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 57.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.25 57.25 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 113.30 57.25 Td (of ) Tj ET Q q 0 0 0 rg BT 123.83 57.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 157.12 57.25 Td (kinds ) Tj ET Q q 0 0 0 rg BT 180.99 57.25 Td (of ) Tj ET Q q 0 0 0 rg BT 191.52 57.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 225.92 57.25 Td (in ) Tj ET Q q 0 0 0 rg BT 235.90 57.25 Td (control ) Tj ET Q q 0 0 0 rg BT 266.42 57.25 Td (will ) Tj ET Q q 0 0 0 rg BT 284.18 57.25 Td (be ) Tj ET Q q 0 0 0 rg BT 295.81 57.25 Td (a ) Tj ET Q q 0 0 0 rg BT 302.45 57.25 Td (triggering ) Tj ET Q q 0 0 0 rg BT 344.08 57.25 Td (event ) Tj ET Q q 0 0 0 rg BT 367.94 57.25 Td (requiring ) Tj ET Q q 0 0 0 rg BT 406.79 57.25 Td (us ) Tj ET Q q 0 0 0 rg BT 417.88 57.25 Td (to ) Tj ET Q q 0 0 0 rg BT 427.86 57.25 Td (of) Tj ET Q q 0 0 0 rg BT 436.01 57.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 449.31 57.25 Td (to ) Tj ET Q q 0 0 0 rg BT 459.28 57.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 497.02 57.25 Td (from ) Tj ET Q q 0 0 0 rg BT 518.66 57.25 Td (the ) Tj ET Q q 0 0 0 rg BT 533.07 57.25 Td (holders ) Tj ET Q endstream endobj 179 0 obj <>] /Rotate 0 /Contents 180 0 R>> endobj 180 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 726.10 Td (all ) Tj ET Q q 0 0 0 rg BT 61.99 726.10 Td (or ) Tj ET Q q 0 0 0 rg BT 72.81 726.10 Td (a ) Tj ET Q q 0 0 0 rg BT 79.74 726.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 111.12 726.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.94 726.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.65 726.10 Td (7.25%Notes ) Tj ET Q q 0 0 0 rg BT 190.81 726.10 Td (at ) Tj ET Q q 0 0 0 rg BT 200.52 726.10 Td (a ) Tj ET Q q 0 0 0 rg BT 207.45 726.10 Td (price ) Tj ET Q q 0 0 0 rg BT 229.92 726.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 254.07 726.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.34 726.10 Td (101%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.67 726.10 Td ( ) Tj ET Q q 0 0 0 rg BT 290.17 726.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.99 726.10 Td (their ) Tj ET Q q 0 0 0 rg BT 321.81 726.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 359.84 726.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 394.83 726.10 Td (together ) Tj ET Q q 0 0 0 rg BT 430.09 726.10 Td (with ) Tj ET Q q 0 0 0 rg BT 450.36 726.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 483.93 726.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.86 726.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 530.57 726.10 Td (interest, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.10 Td (if ) Tj ET Q q 0 0 0 rg BT 57.40 714.10 Td (any) Tj ET Q q 0 0 0 rg BT 71.19 714.10 Td (, ) Tj ET Q q 0 0 0 rg BT 75.49 714.10 Td (to ) Tj ET Q q 0 0 0 rg BT 85.06 714.10 Td (the ) Tj ET Q q 0 0 0 rg BT 99.08 714.10 Td (date ) Tj ET Q q 0 0 0 rg BT 117.53 714.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.65 714.10 Td (purchase. ) Tj ET Q q 0 0 0 rg BT 167.49 714.10 Td (In ) Tj ET Q q 0 0 0 rg BT 177.61 714.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 214.68 714.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 243.68 714.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 264.91 714.10 Td (dispositions ) Tj ET Q q 0 0 0 rg BT 314.50 714.10 Td (will ) Tj ET Q q 0 0 0 rg BT 331.85 714.10 Td (be ) Tj ET Q q 0 0 0 rg BT 343.08 714.10 Td (triggering ) Tj ET Q q 0 0 0 rg BT 384.31 714.10 Td (events ) Tj ET Q q 0 0 0 rg BT 411.66 714.10 Td (that ) Tj ET Q q 0 0 0 rg BT 428.45 714.10 Td (may ) Tj ET Q q 0 0 0 rg BT 447.46 714.10 Td (require ) Tj ET Q q 0 0 0 rg BT 477.57 714.10 Td (us ) Tj ET Q q 0 0 0 rg BT 488.26 714.10 Td (to ) Tj ET Q q 0 0 0 rg BT 497.83 714.10 Td (use ) Tj ET Q q 0 0 0 rg BT 512.96 714.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.97 714.10 Td (proceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.10 Td (from ) Tj ET Q q 0 0 0 rg BT 70.59 702.10 Td (those ) Tj ET Q q 0 0 0 rg BT 93.35 702.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 114.44 702.10 Td (dispositions ) Tj ET Q q 0 0 0 rg BT 163.88 702.10 Td (to ) Tj ET Q q 0 0 0 rg BT 173.32 702.10 Td (make ) Tj ET Q q 0 0 0 rg BT 196.62 702.10 Td (an ) Tj ET Q q 0 0 0 rg BT 207.72 702.10 Td (of) Tj ET Q q 0 0 0 rg BT 215.86 702.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 228.62 702.10 Td (to ) Tj ET Q q 0 0 0 rg BT 238.05 702.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 275.24 702.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.11 702.10 Td (7.25%Notes ) Tj ET Q q 0 0 0 rg BT 342.42 702.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.29 702.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.62 702.10 Td ( ) Tj ET Q q 0 0 0 rg BT 376.27 702.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.26 702.10 Td (their ) Tj ET Q q 0 0 0 rg BT 406.23 702.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 443.43 702.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 477.58 702.10 Td (together ) Tj ET Q q 0 0 0 rg BT 511.99 702.10 Td (with ) Tj ET Q q 0 0 0 rg BT 531.42 702.10 Td (accrued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.38 690.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 96.04 690.10 Td (interest, ) Tj ET Q q 0 0 0 rg BT 130.42 690.10 Td (if ) Tj ET Q q 0 0 0 rg BT 138.97 690.10 Td (any) Tj ET Q q 0 0 0 rg BT 152.76 690.10 Td (, ) Tj ET Q q 0 0 0 rg BT 157.70 690.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.92 690.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.58 690.10 Td (date ) Tj ET Q q 0 0 0 rg BT 201.68 690.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.45 690.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 250.43 690.10 Td (if ) Tj ET Q q 0 0 0 rg BT 258.98 690.10 Td (such ) Tj ET Q q 0 0 0 rg BT 279.76 690.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 317.74 690.10 Td (are ) Tj ET Q q 0 0 0 rg BT 332.39 690.10 Td (not ) Tj ET Q q 0 0 0 rg BT 347.61 690.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 388.93 690.10 Td (used ) Tj ET Q q 0 0 0 rg BT 409.70 690.10 Td (within ) Tj ET Q q 0 0 0 rg BT 437.70 690.10 Td (365days ) Tj ET Q q 0 0 0 rg BT 475.97 690.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.19 690.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 510.84 690.10 Td (indebtedness ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.10 Td (or ) Tj ET Q q 0 0 0 rg BT 59.93 678.10 Td (to ) Tj ET Q q 0 0 0 rg BT 69.82 678.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 95.81 678.10 Td (or ) Tj ET Q q 0 0 0 rg BT 106.24 678.10 Td (commit ) Tj ET Q q 0 0 0 rg BT 138.89 678.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.78 678.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 174.77 678.10 Td (such ) Tj ET Q q 0 0 0 rg BT 195.20 678.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 232.84 678.10 Td (in ) Tj ET Q q 0 0 0 rg BT 242.72 678.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 284.82 678.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 310.25 678.10 Td (related ) Tj ET Q q 0 0 0 rg BT 339.56 678.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.44 678.10 Td (our ) Tj ET Q q 0 0 0 rg BT 364.87 678.10 Td (business ) Tj ET Q q 0 0 0 rg BT 400.87 678.10 Td (or ) Tj ET Q q 0 0 0 rg BT 411.30 678.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 440.05 678.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 463.27 678.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.70 678.10 Td (a ) Tj ET Q q 0 0 0 rg BT 480.24 678.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 519.55 678.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 560.01 678.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 58.50 660.10 Td (6.375%Senior Notes due 2022 \(the 6.375%Notes\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 642.10 Td (In ) Tj ET Q q 0 0 0 rg BT 69.82 642.10 Td (March ) Tj ET Q q 0 0 0 rg BT 98.92 642.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 124.41 642.10 Td (we ) Tj ET Q q 0 0 0 rg BT 139.07 642.10 Td (sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.73 642.10 Td ($400 ) Tj ET Q q 0 0 0 rg BT 181.73 642.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.62 642.10 Td ( ) Tj ET Q q 0 0 0 rg BT 213.61 642.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 255.47 642.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 294.01 642.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 327.00 642.10 Td (of ) Tj ET Q q 0 0 0 rg BT 338.32 642.10 Td (6.375% ) Tj ET Q q 0 0 0 rg BT 372.15 642.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 401.25 642.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 427.57 642.10 Td (due ) Tj ET Q q 0 0 0 rg BT 445.01 642.10 Td (2022. ) Tj ET Q q 0 0 0 rg BT 470.50 642.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 503.48 642.10 Td (on ) Tj ET Q q 0 0 0 rg BT 516.48 642.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.69 642.10 Td (6.375% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 75.61 630.10 Td (is ) Tj ET Q q 0 0 0 rg BT 85.05 630.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 118.93 630.10 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 178.35 630.10 Td (on ) Tj ET Q q 0 0 0 rg BT 190.52 630.10 Td (April1 ) Tj ET Q q 0 0 0 rg BT 221.90 630.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.12 630.10 Td (October1 ) Tj ET Q q 0 0 0 rg BT 281.60 630.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.71 630.10 Td (each ) Tj ET Q q 0 0 0 rg BT 313.80 630.10 Td (year) Tj ET Q q 0 0 0 rg BT 330.61 630.10 Td (, ) Tj ET Q q 0 0 0 rg BT 335.89 630.10 Td (commencing ) Tj ET Q q 0 0 0 rg BT 390.32 630.10 Td (on ) Tj ET Q q 0 0 0 rg BT 403.09 630.10 Td (October1, ) Tj ET Q q 0 0 0 rg BT 448.08 630.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 473.35 630.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.57 630.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.56 630.10 Td (6.375% ) Tj ET Q q 0 0 0 rg BT 539.17 630.10 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.10 Td (will ) Tj ET Q q 0 0 0 rg BT 68.09 618.10 Td (mature ) Tj ET Q q 0 0 0 rg BT 98.89 618.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.92 618.10 Td (October1, ) Tj ET Q q 0 0 0 rg BT 157.16 618.10 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.16 618.10 Td ( ) Tj ET Q q 0 0 0 rg BT 180.20 618.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 208.23 618.10 Td (earlier ) Tj ET Q q 0 0 0 rg BT 236.80 618.10 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 278.69 618.10 Td (or ) Tj ET Q q 0 0 0 rg BT 290.06 618.10 Td (repurchased. ) Tj ET Q q 0 0 0 rg BT 343.89 618.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 361.37 618.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 399.94 618.10 Td (from ) Tj ET Q q 0 0 0 rg BT 422.41 618.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.66 618.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 456.24 618.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.60 618.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.85 618.10 Td (6.375% ) Tj ET Q q 0 0 0 rg BT 516.72 618.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 543.08 618.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.10 Td ($392 ) Tj ET Q q 0 0 0 rg BT 72.40 606.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.29 606.10 Td (, ) Tj ET Q q 0 0 0 rg BT 106.69 606.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 150.14 606.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.37 606.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 185.38 606.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 223.81 606.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.04 606.10 Td ($400 ) Tj ET Q q 0 0 0 rg BT 257.93 606.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.83 606.10 Td ( ) Tj ET Q q 0 0 0 rg BT 289.72 606.10 Td (net ) Tj ET Q q 0 0 0 rg BT 304.84 606.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.06 606.10 Td ($8 ) Tj ET Q q 0 0 0 rg BT 328.96 606.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.85 606.10 Td ( ) Tj ET Q q 0 0 0 rg BT 360.75 606.10 Td (in ) Tj ET Q q 0 0 0 rg BT 371.42 606.10 Td (of) Tj ET Q q 0 0 0 rg BT 379.57 606.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 406.35 606.10 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 447.63 606.10 Td (W) Tj ET Q q 0 0 0 rg BT 456.27 606.10 Td (e ) Tj ET Q q 0 0 0 rg BT 463.61 606.10 Td (used ) Tj ET Q q 0 0 0 rg BT 484.83 606.10 Td (a ) Tj ET Q q 0 0 0 rg BT 492.17 606.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 523.95 606.10 Td (of ) Tj ET Q q 0 0 0 rg BT 535.18 606.10 Td (the ) Tj ET Q q 0 0 0 rg BT 550.29 606.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 87.31 594.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.92 594.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.41 594.10 Td (6.375% ) Tj ET Q q 0 0 0 rg BT 145.52 594.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 171.13 594.10 Td (of) Tj ET Q q 0 0 0 rg BT 179.28 594.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 205.43 594.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.49 594.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 239.97 594.10 Td (a ) Tj ET Q q 0 0 0 rg BT 246.69 594.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 277.85 594.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.46 594.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.95 594.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 339.11 594.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 388.06 594.10 Td (under ) Tj ET Q q 0 0 0 rg BT 413.10 594.10 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 448.70 594.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 467.40 594.10 Td (gy) Tj ET Q q 0 0 0 rg BT 480.18 594.10 Td (s ) Tj ET Q q 0 0 0 rg BT 486.35 594.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 530.84 594.10 Td (existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.10 Td (term ) Tj ET Q q 0 0 0 rg BT 70.33 582.10 Td (loan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 564.10 Td (At ) Tj ET Q q 0 0 0 rg BT 71.77 564.10 Td (our ) Tj ET Q q 0 0 0 rg BT 88.36 564.10 Td (option, ) Tj ET Q q 0 0 0 rg BT 119.69 564.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.17 564.10 Td (6.375%Notes ) Tj ET Q q 0 0 0 rg BT 195.10 564.10 Td (are ) Tj ET Q q 0 0 0 rg BT 210.57 564.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 242.16 564.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.21 564.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 302.02 564.10 Td (at ) Tj ET Q q 0 0 0 rg BT 312.50 564.10 Td (any ) Tj ET Q q 0 0 0 rg BT 330.20 564.10 Td (time ) Tj ET Q q 0 0 0 rg BT 351.24 564.10 Td (on ) Tj ET Q q 0 0 0 rg BT 364.51 564.10 Td (or ) Tj ET Q q 0 0 0 rg BT 376.11 564.10 Td (after ) Tj ET Q q 0 0 0 rg BT 396.97 564.10 Td (April1, ) Tj ET Q q 0 0 0 rg BT 431.34 564.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 457.11 564.10 Td (in ) Tj ET Q q 0 0 0 rg BT 468.15 564.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 495.86 564.10 Td (or ) Tj ET Q q 0 0 0 rg BT 507.46 564.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.50 564.10 Td (part, ) Tj ET Q q 0 0 0 rg BT 539.81 564.10 Td (at ) Tj ET Q q 0 0 0 rg BT 550.30 564.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 552.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 96.88 552.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 122.59 552.10 Td (set ) Tj ET Q q 0 0 0 rg BT 135.54 552.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 156.81 552.10 Td (in ) Tj ET Q q 0 0 0 rg BT 166.42 552.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.48 552.10 Td (indenture, ) Tj ET Q q 0 0 0 rg BT 222.58 552.10 Td (together ) Tj ET Q q 0 0 0 rg BT 257.18 552.10 Td (with ) Tj ET Q q 0 0 0 rg BT 276.79 552.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 309.71 552.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.98 552.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 355.04 552.10 Td (interest, ) Tj ET Q q 0 0 0 rg BT 388.81 552.10 Td (if ) Tj ET Q q 0 0 0 rg BT 396.75 552.10 Td (any) Tj ET Q q 0 0 0 rg BT 410.54 552.10 Td (, ) Tj ET Q q 0 0 0 rg BT 414.88 552.10 Td (to ) Tj ET Q q 0 0 0 rg BT 424.49 552.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.54 552.10 Td (date ) Tj ET Q q 0 0 0 rg BT 457.03 552.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.20 552.10 Td (redemption. ) Tj ET Q q 0 0 0 rg BT 517.08 552.10 Td (In ) Tj ET Q q 0 0 0 rg BT 527.24 552.10 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 540.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.71 540.10 Td (any ) Tj ET Q q 0 0 0 rg BT 77.14 540.10 Td (time ) Tj ET Q q 0 0 0 rg BT 97.91 540.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 120.35 540.10 Td (to ) Tj ET Q q 0 0 0 rg BT 130.46 540.10 Td (April1, ) Tj ET Q q 0 0 0 rg BT 164.56 540.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 190.06 540.10 Td (we ) Tj ET Q q 0 0 0 rg BT 204.71 540.10 Td (may ) Tj ET Q q 0 0 0 rg BT 224.92 540.10 Td (redeem ) Tj ET Q q 0 0 0 rg BT 257.34 540.10 Td (some ) Tj ET Q q 0 0 0 rg BT 281.44 540.10 Td (or ) Tj ET Q q 0 0 0 rg BT 292.77 540.10 Td (all ) Tj ET Q q 0 0 0 rg BT 305.76 540.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.08 540.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.29 540.10 Td (6.375%Notes ) Tj ET Q q 0 0 0 rg BT 391.95 540.10 Td (at ) Tj ET Q q 0 0 0 rg BT 402.16 540.10 Td (a ) Tj ET Q q 0 0 0 rg BT 409.59 540.10 Td (price ) Tj ET Q q 0 0 0 rg BT 432.57 540.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 457.22 540.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 540.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.33 540.10 Td ( ) Tj ET Q q 0 0 0 rg BT 494.32 540.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.65 540.10 Td (their ) Tj ET Q q 0 0 0 rg BT 526.96 540.10 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 528.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 84.50 528.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 103.67 528.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 137.25 528.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.19 528.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 183.90 528.10 Td (interest, ) Tj ET Q q 0 0 0 rg BT 218.34 528.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 237.51 528.10 Td (a ) Tj ET Q q 0 0 0 rg BT 244.45 528.10 Td (make-whole ) Tj ET Q q 0 0 0 rg BT 300.81 528.10 Td (premium.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 510.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 83.58 510.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 108.11 510.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.87 510.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 168.85 510.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.49 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.02 510.10 Td (6.375% ) Tj ET Q q 0 0 0 rg BT 227.17 510.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 255.31 510.10 Td (including ) Tj ET Q q 0 0 0 rg BT 295.40 510.10 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 340.47 510.10 Td (and ) Tj ET Q q 0 0 0 rg BT 357.22 510.10 Td (security) Tj ET Q q 0 0 0 rg BT 388.23 510.10 Td (, ) Tj ET Q q 0 0 0 rg BT 393.04 510.10 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 437.84 510.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.59 510.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 500.21 510.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 554.73 510.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 498.10 Td (case ) Tj ET Q q 0 0 0 rg BT 83.92 498.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.75 498.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 124.46 498.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 146.39 498.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 168.33 498.10 Td (or ) Tj ET Q q 0 0 0 rg BT 179.16 498.10 Td (a ) Tj ET Q q 0 0 0 rg BT 186.10 498.10 Td (change ) Tj ET Q q 0 0 0 rg BT 216.92 498.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.75 498.10 Td (control, ) Tj ET Q q 0 0 0 rg BT 261.07 498.10 Td (are ) Tj ET Q q 0 0 0 rg BT 275.78 498.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 328.83 498.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 359.10 498.10 Td (to ) Tj ET Q q 0 0 0 rg BT 369.38 498.10 Td (those ) Tj ET Q q 0 0 0 rg BT 392.99 498.10 Td (described ) Tj ET Q q 0 0 0 rg BT 433.81 498.10 Td (above ) Tj ET Q q 0 0 0 rg BT 460.18 498.10 Td (under ) Tj ET Q q 0 0 0 rg BT 485.45 498.10 Td (7.25% ) Tj ET Q q 0 0 0 rg BT 513.78 498.10 Td (Notes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 58.50 480.10 Td (5.875% Senior Notes due 2024 \(the "5.875% Notes"\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 462.10 Td (In ) Tj ET Q q 0 0 0 rg BT 70.07 462.10 Td (March ) Tj ET Q q 0 0 0 rg BT 99.42 462.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 125.16 462.10 Td (we ) Tj ET Q q 0 0 0 rg BT 140.06 462.10 Td (sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.98 462.10 Td ($400 ) Tj ET Q q 0 0 0 rg BT 183.22 462.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.11 462.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.36 462.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 257.46 462.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 296.25 462.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 329.49 462.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.06 462.10 Td (5.875% ) Tj ET Q q 0 0 0 rg BT 375.13 462.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 404.49 462.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 431.06 462.10 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.74 462.10 Td (March ) Tj ET Q q 0 0 0 rg BT 478.08 462.10 Td (2024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.08 462.10 Td (. ) Tj ET Q q 0 0 0 rg BT 503.83 462.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 537.06 462.10 Td (on ) Tj ET Q q 0 0 0 rg BT 550.30 462.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.10 Td (5.875% ) Tj ET Q q 0 0 0 rg BT 83.05 450.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 109.09 450.10 Td (is ) Tj ET Q q 0 0 0 rg BT 118.48 450.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 152.29 450.10 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 211.66 450.10 Td (on ) Tj ET Q q 0 0 0 rg BT 224.37 450.10 Td (March ) Tj ET Q q 0 0 0 rg BT 253.19 450.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 260.90 450.10 Td (and ) Tj ET Q q 0 0 0 rg BT 278.06 450.10 Td (September ) Tj ET Q q 0 0 0 rg BT 323.54 450.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 331.25 450.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.30 450.10 Td (each ) Tj ET Q q 0 0 0 rg BT 363.33 450.10 Td (year) Tj ET Q q 0 0 0 rg BT 380.14 450.10 Td (, ) Tj ET Q q 0 0 0 rg BT 385.36 450.10 Td (commencing ) Tj ET Q q 0 0 0 rg BT 439.72 450.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.44 450.10 Td (September1, ) Tj ET Q q 0 0 0 rg BT 507.92 450.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.92 450.10 Td (, ) Tj ET Q q 0 0 0 rg BT 533.13 450.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.29 450.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.10 Td (5.875% ) Tj ET Q q 0 0 0 rg BT 83.09 438.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 109.17 438.10 Td (will ) Tj ET Q q 0 0 0 rg BT 127.48 438.10 Td (mature ) Tj ET Q q 0 0 0 rg BT 158.00 438.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.76 438.10 Td (March1, ) Tj ET Q q 0 0 0 rg BT 209.61 438.10 Td (2024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.61 438.10 Td ( ) Tj ET Q q 0 0 0 rg BT 232.37 438.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 260.12 438.10 Td (earlier ) Tj ET Q q 0 0 0 rg BT 288.41 438.10 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 330.03 438.10 Td (or ) Tj ET Q q 0 0 0 rg BT 341.11 438.10 Td (repurchased. ) Tj ET Q q 0 0 0 rg BT 394.67 438.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 411.87 438.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 450.16 438.10 Td (from ) Tj ET Q q 0 0 0 rg BT 472.35 438.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.33 438.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 505.63 438.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.71 438.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.69 438.10 Td (5.875% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 75.13 426.10 Td (were ) Tj ET Q q 0 0 0 rg BT 96.85 426.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.91 426.10 Td ($393 ) Tj ET Q q 0 0 0 rg BT 179.20 426.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.09 426.10 Td (, ) Tj ET Q q 0 0 0 rg BT 212.89 426.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 255.74 426.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.37 426.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 289.78 426.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 327.61 426.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.24 426.10 Td ($400 ) Tj ET Q q 0 0 0 rg BT 360.54 426.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.43 426.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.72 426.10 Td (net ) Tj ET Q q 0 0 0 rg BT 406.24 426.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.86 426.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.92 426.10 Td ($7 ) Tj ET Q q 0 0 0 rg BT 489.22 426.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.11 426.10 Td ( ) Tj ET Q q 0 0 0 rg BT 520.40 426.10 Td (in ) Tj ET Q q 0 0 0 rg BT 530.48 426.10 Td (of) Tj ET Q q 0 0 0 rg BT 538.63 426.10 Td (fering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.10 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 90.31 414.10 Td (W) Tj ET Q q 0 0 0 rg BT 98.95 414.10 Td (e ) Tj ET Q q 0 0 0 rg BT 105.78 414.10 Td (used ) Tj ET Q q 0 0 0 rg BT 126.50 414.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.10 414.10 Td (net ) Tj ET Q q 0 0 0 rg BT 155.70 414.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 193.63 414.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.35 414.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.95 414.10 Td (5.875% ) Tj ET Q q 0 0 0 rg BT 252.17 414.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 277.89 414.10 Td (of) Tj ET Q q 0 0 0 rg BT 286.04 414.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 312.30 414.10 Td (in ) Tj ET Q q 0 0 0 rg BT 322.47 414.10 Td (part ) Tj ET Q q 0 0 0 rg BT 340.40 414.10 Td (for ) Tj ET Q q 0 0 0 rg BT 354.45 414.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.05 414.10 Td (repayment ) Tj ET Q q 0 0 0 rg BT 413.64 414.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.36 414.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.97 414.10 Td (3.25% ) Tj ET Q q 0 0 0 rg BT 467.18 414.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 489.57 414.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 539.17 414.10 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.22 402.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 95.60 402.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.10 402.10 Td (June1, ) Tj ET Q q 0 0 0 rg BT 138.93 402.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.93 402.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 384.10 Td (The ) Tj ET Q q 0 0 0 rg BT 77.02 384.10 Td (5.875% ) Tj ET Q q 0 0 0 rg BT 110.82 384.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 137.13 384.10 Td (are ) Tj ET Q q 0 0 0 rg BT 152.31 384.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 183.61 384.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.36 384.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 242.88 384.10 Td (at ) Tj ET Q q 0 0 0 rg BT 253.07 384.10 Td (our ) Tj ET Q q 0 0 0 rg BT 269.37 384.10 Td (option, ) Tj ET Q q 0 0 0 rg BT 300.40 384.10 Td (at ) Tj ET Q q 0 0 0 rg BT 310.59 384.10 Td (any ) Tj ET Q q 0 0 0 rg BT 328.00 384.10 Td (time ) Tj ET Q q 0 0 0 rg BT 348.75 384.10 Td (on ) Tj ET Q q 0 0 0 rg BT 361.72 384.10 Td (or ) Tj ET Q q 0 0 0 rg BT 373.03 384.10 Td (after ) Tj ET Q q 0 0 0 rg BT 394.32 384.10 Td (March1, ) Tj ET Q q 0 0 0 rg BT 433.39 384.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 458.86 384.10 Td (in ) Tj ET Q q 0 0 0 rg BT 469.61 384.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 497.03 384.10 Td (or ) Tj ET Q q 0 0 0 rg BT 508.33 384.10 Td (in ) Tj ET Q q 0 0 0 rg BT 519.08 384.10 Td (part, ) Tj ET Q q 0 0 0 rg BT 540.10 384.10 Td (at ) Tj ET Q q 0 0 0 rg BT 550.29 384.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 372.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 97.83 372.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 124.49 372.10 Td (set ) Tj ET Q q 0 0 0 rg BT 138.38 372.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 160.61 372.10 Td (in ) Tj ET Q q 0 0 0 rg BT 171.17 372.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.17 372.10 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 231.73 372.10 Td (supplement, ) Tj ET Q q 0 0 0 rg BT 283.12 372.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 302.57 372.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 336.44 372.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.67 372.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 383.67 372.10 Td (interest. ) Tj ET Q q 0 0 0 rg BT 417.77 372.10 Td (At ) Tj ET Q q 0 0 0 rg BT 430.56 372.10 Td (any ) Tj ET Q q 0 0 0 rg BT 447.78 372.10 Td (time ) Tj ET Q q 0 0 0 rg BT 468.34 372.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 490.57 372.10 Td (to ) Tj ET Q q 0 0 0 rg BT 501.13 372.10 Td (March1, ) Tj ET Q q 0 0 0 rg BT 540.02 372.10 Td (2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 360.10 Td (we ) Tj ET Q q 0 0 0 rg BT 63.77 360.10 Td (may ) Tj ET Q q 0 0 0 rg BT 83.60 360.10 Td (redeem ) Tj ET Q q 0 0 0 rg BT 115.64 360.10 Td (up ) Tj ET Q q 0 0 0 rg BT 128.26 360.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.65 360.10 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.98 360.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.59 360.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.54 360.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.37 360.10 Td (original ) Tj ET Q q 0 0 0 rg BT 219.08 360.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 257.24 360.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 289.85 360.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.79 360.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.62 360.10 Td (5.875% ) Tj ET Q q 0 0 0 rg BT 349.07 360.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 375.01 360.10 Td (with ) Tj ET Q q 0 0 0 rg BT 395.40 360.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.23 360.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 448.38 360.10 Td (of ) Tj ET Q q 0 0 0 rg BT 459.33 360.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 489.14 360.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 516.75 360.10 Td (of) Tj ET Q q 0 0 0 rg BT 524.90 360.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 555.28 360.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 348.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.35 348.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 104.30 348.10 Td (price ) Tj ET Q q 0 0 0 rg BT 126.70 348.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.44 348.10 Td (105.875%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.27 348.10 Td ( ) Tj ET Q q 0 0 0 rg BT 180.68 348.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.42 348.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.05 348.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 244.00 348.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 276.41 348.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.15 348.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.78 348.10 Td (5.875% ) Tj ET Q q 0 0 0 rg BT 335.02 348.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 360.76 348.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 379.84 348.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 413.34 348.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.19 348.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 459.82 348.10 Td (interest. ) Tj ET Q q 0 0 0 rg BT 493.63 348.10 Td (At ) Tj ET Q q 0 0 0 rg BT 506.04 348.10 Td (any ) Tj ET Q q 0 0 0 rg BT 522.89 348.10 Td (time ) Tj ET Q q 0 0 0 rg BT 543.07 348.10 Td (prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 336.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.25 336.10 Td (March1, ) Tj ET Q q 0 0 0 rg BT 97.32 336.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 121.79 336.10 Td (we ) Tj ET Q q 0 0 0 rg BT 135.42 336.10 Td (may ) Tj ET Q q 0 0 0 rg BT 154.60 336.10 Td (also ) Tj ET Q q 0 0 0 rg BT 172.68 336.10 Td (redeem ) Tj ET Q q 0 0 0 rg BT 204.08 336.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.26 336.10 Td (5.875% ) Tj ET Q q 0 0 0 rg BT 251.06 336.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 278.87 336.10 Td (in ) Tj ET Q q 0 0 0 rg BT 288.61 336.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 315.02 336.10 Td (but ) Tj ET Q q 0 0 0 rg BT 329.77 336.10 Td (not ) Tj ET Q q 0 0 0 rg BT 344.52 336.10 Td (in ) Tj ET Q q 0 0 0 rg BT 354.27 336.10 Td (part, ) Tj ET Q q 0 0 0 rg BT 374.29 336.10 Td (at ) Tj ET Q q 0 0 0 rg BT 383.47 336.10 Td (a ) Tj ET Q q 0 0 0 rg BT 389.88 336.10 Td (price ) Tj ET Q q 0 0 0 rg BT 411.84 336.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 435.46 336.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.21 336.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.54 336.10 Td ( ) Tj ET Q q 0 0 0 rg BT 470.51 336.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.81 336.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.00 336.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 532.51 336.10 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 324.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 324.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 324.10 Td (5.875% ) Tj ET Q q 0 0 0 rg BT 108.38 324.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 136.71 324.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 155.88 324.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 189.46 324.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.40 324.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 236.12 324.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 268.05 324.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.99 324.10 Td (a ) Tj ET Q q 0 0 0 rg BT 291.93 324.10 Td (make-whole ) Tj ET Q q 0 0 0 rg BT 348.29 324.10 Td (premium. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 306.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 83.58 306.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 108.11 306.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.87 306.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 168.85 306.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.49 306.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.02 306.10 Td (5.875% ) Tj ET Q q 0 0 0 rg BT 227.17 306.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 255.31 306.10 Td (including ) Tj ET Q q 0 0 0 rg BT 295.40 306.10 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 340.47 306.10 Td (and ) Tj ET Q q 0 0 0 rg BT 357.22 306.10 Td (security) Tj ET Q q 0 0 0 rg BT 388.23 306.10 Td (, ) Tj ET Q q 0 0 0 rg BT 393.04 306.10 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 437.84 306.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.59 306.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 500.21 306.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 554.73 306.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 294.10 Td (case ) Tj ET Q q 0 0 0 rg BT 83.92 294.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.75 294.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 124.46 294.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 146.39 294.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 168.33 294.10 Td (or ) Tj ET Q q 0 0 0 rg BT 179.16 294.10 Td (a ) Tj ET Q q 0 0 0 rg BT 186.10 294.10 Td (change ) Tj ET Q q 0 0 0 rg BT 216.92 294.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.75 294.10 Td (control, ) Tj ET Q q 0 0 0 rg BT 261.07 294.10 Td (are ) Tj ET Q q 0 0 0 rg BT 275.78 294.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 328.83 294.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 359.10 294.10 Td (to ) Tj ET Q q 0 0 0 rg BT 369.38 294.10 Td (those ) Tj ET Q q 0 0 0 rg BT 392.99 294.10 Td (described ) Tj ET Q q 0 0 0 rg BT 433.81 294.10 Td (above ) Tj ET Q q 0 0 0 rg BT 460.18 294.10 Td (under ) Tj ET Q q 0 0 0 rg BT 485.45 294.10 Td (7.25% ) Tj ET Q q 0 0 0 rg BT 513.78 294.10 Td (Notes.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.61 294.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 276.10 Td (3.25% ) Tj ET Q q 0 0 0 rg BT 77.83 276.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 101.45 276.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 151.73 276.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 181.46 276.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 207.29 276.10 Td (due ) Tj ET Q q 0 0 0 rg BT 224.79 276.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 247.29 276.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 265.90 276.10 Td (3.25%Notes\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 258.10 Td (In ) Tj ET Q q 0 0 0 rg BT 69.75 258.10 Td (2009, ) Tj ET Q q 0 0 0 rg BT 95.17 258.10 Td (we ) Tj ET Q q 0 0 0 rg BT 109.76 258.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.68 258.10 Td ($460 ) Tj ET Q q 0 0 0 rg BT 160.60 258.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.49 258.10 Td ( ) Tj ET Q q 0 0 0 rg BT 192.42 258.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 234.20 258.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 272.67 258.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 305.58 258.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.83 258.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.97 258.10 Td (3.25%Notes ) Tj ET Q q 0 0 0 rg BT 386.56 258.10 Td (due ) Tj ET Q q 0 0 0 rg BT 403.92 258.10 Td (in ) Tj ET Q q 0 0 0 rg BT 414.62 258.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 437.54 258.10 Td (in ) Tj ET Q q 0 0 0 rg BT 448.24 258.10 Td (a ) Tj ET Q q 0 0 0 rg BT 455.60 258.10 Td (private ) Tj ET Q q 0 0 0 rg BT 486.29 258.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 533.08 258.10 Td (exempt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.35 246.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 119.30 246.10 Td (under ) Tj ET Q q 0 0 0 rg BT 144.48 246.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.11 246.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 200.42 246.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 217.27 246.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.01 246.10 Td (1933, ) Tj ET Q q 0 0 0 rg BT 252.92 246.10 Td (as ) Tj ET Q q 0 0 0 rg BT 263.67 246.10 Td (amended. ) Tj ET Q q 0 0 0 rg BT 304.50 246.10 Td (W) Tj ET Q q 0 0 0 rg BT 313.13 246.10 Td (e ) Tj ET Q q 0 0 0 rg BT 319.98 246.10 Td (used ) Tj ET Q q 0 0 0 rg BT 340.73 246.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.35 246.10 Td (net ) Tj ET Q q 0 0 0 rg BT 369.98 246.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 407.93 246.10 Td (from ) Tj ET Q q 0 0 0 rg BT 429.78 246.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.41 246.10 Td (of) Tj ET Q q 0 0 0 rg BT 452.56 246.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 478.84 246.10 Td (for ) Tj ET Q q 0 0 0 rg BT 492.92 246.10 Td (general ) Tj ET Q q 0 0 0 rg BT 524.75 246.10 Td (corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.10 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 90.35 234.10 Td (including ) Tj ET Q q 0 0 0 rg BT 130.93 234.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 160.38 234.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 216.77 234.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 257.89 234.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 308.46 234.10 Td (or ) Tj ET Q q 0 0 0 rg BT 319.60 234.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 360.72 234.10 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 413.79 234.10 Td (On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.81 234.10 Td (June1, ) Tj ET Q q 0 0 0 rg BT 459.94 234.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.94 234.10 Td (, ) Tj ET Q q 0 0 0 rg BT 485.24 234.10 Td (we ) Tj ET Q q 0 0 0 rg BT 499.70 234.10 Td (repaid ) Tj ET Q q 0 0 0 rg BT 527.49 234.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.51 234.10 Td ($460 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 222.10 Td ( ) Tj ET Q q 0 0 0 rg BT 80.89 222.10 Td (3.25% ) Tj ET Q q 0 0 0 rg BT 109.22 222.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 135.05 222.10 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 170.88 222.10 Td (net ) Tj ET Q q 0 0 0 rg BT 185.60 222.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 223.64 222.10 Td (from ) Tj ET Q q 0 0 0 rg BT 245.57 222.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.29 222.10 Td (March ) Tj ET Q q 0 0 0 rg BT 288.89 222.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 311.39 222.10 Td (5.875% ) Tj ET Q q 0 0 0 rg BT 344.72 222.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 370.55 222.10 Td (issuance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 204.10 Td (During ) Tj ET Q q 0 0 0 rg BT 89.49 204.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.36 204.10 Td (period ) Tj ET Q q 0 0 0 rg BT 132.57 204.10 Td (from ) Tj ET Q q 0 0 0 rg BT 154.67 204.10 Td (March ) Tj ET Q q 0 0 0 rg BT 183.42 204.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 193.58 204.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 216.24 204.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.68 204.10 Td (May ) Tj ET Q q 0 0 0 rg BT 247.67 204.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 262.83 204.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 287.98 204.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.08 204.10 Td (under ) Tj ET Q q 0 0 0 rg BT 330.51 204.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 360.37 204.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 403.02 204.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 434.01 204.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 495.81 204.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.68 204.10 Td (3.25% ) Tj ET Q q 0 0 0 rg BT 539.17 204.10 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 192.10 Td (were ) Tj ET Q q 0 0 0 rg BT 70.91 192.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 90.66 192.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 137.63 192.10 Td (by ) Tj ET Q q 0 0 0 rg BT 149.61 192.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 181.03 192.10 Td (thereof ) Tj ET Q q 0 0 0 rg BT 211.33 192.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 228.86 192.10 Td ("Cash ) Tj ET Q q 0 0 0 rg BT 254.92 192.10 Td (Conversion ) Tj ET Q q 0 0 0 rg BT 303.01 192.10 Td (Option"\). ) Tj ET Q q 0 0 0 rg BT 342.54 192.10 Td (The ) Tj ET Q q 0 0 0 rg BT 360.07 192.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 405.93 192.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 422.90 192.10 Td (was ) Tj ET Q q 0 0 0 rg BT 440.43 192.10 Td (64.6669 ) Tj ET Q q 0 0 0 rg BT 474.91 192.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 501.89 192.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.20 192.10 Td (our ) Tj ET Q q 0 0 0 rg BT 527.51 192.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 180.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 72.41 180.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 101.99 180.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 149.87 180.10 Td (a ) Tj ET Q q 0 0 0 rg BT 156.12 180.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 201.80 180.10 Td (price ) Tj ET Q q 0 0 0 rg BT 223.59 180.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.72 180.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 293.28 180.10 Td ($15.46 ) Tj ET Q q 0 0 0 rg BT 322.59 180.10 Td (per ) Tj ET Q q 0 0 0 rg BT 337.16 180.10 Td (share\) ) Tj ET Q q 0 0 0 rg BT 363.39 180.10 Td (for ) Tj ET Q q 0 0 0 rg BT 376.86 180.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.88 180.10 Td (period ) Tj ET Q q 0 0 0 rg BT 418.23 180.10 Td (from ) Tj ET Q q 0 0 0 rg BT 439.47 180.10 Td (March ) Tj ET Q q 0 0 0 rg BT 467.38 180.10 Td (17, ) Tj ET Q q 0 0 0 rg BT 481.68 180.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 503.48 180.10 Td (through ) Tj ET Q q 0 0 0 rg BT 536.40 180.10 Td (March ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 168.10 Td (21, ) Tj ET Q q 0 0 0 rg BT 64.35 168.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 89.19 168.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.97 168.10 Td (65.3501 ) Tj ET Q q 0 0 0 rg BT 140.82 168.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 168.15 168.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.83 168.10 Td (our ) Tj ET Q q 0 0 0 rg BT 194.51 168.10 Td (common ) Tj ET Q q 0 0 0 rg BT 231.85 168.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 255.30 168.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 285.41 168.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 333.84 168.10 Td (a ) Tj ET Q q 0 0 0 rg BT 340.63 168.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 386.85 168.10 Td (price ) Tj ET Q q 0 0 0 rg BT 409.18 168.10 Td (of ) Tj ET Q q 0 0 0 rg BT 419.85 168.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 479.96 168.10 Td ($15.30 ) Tj ET Q q 0 0 0 rg BT 509.80 168.10 Td (per ) Tj ET Q q 0 0 0 rg BT 524.92 168.10 Td (share\), ) Tj ET Q q 0 0 0 rg BT 554.19 168.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 156.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 85.04 156.10 Td (for ) Tj ET Q q 0 0 0 rg BT 98.92 156.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.35 156.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 150.56 156.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 169.99 156.10 Td (on ) Tj ET Q q 0 0 0 rg BT 181.72 156.10 Td (April ) Tj ET Q q 0 0 0 rg BT 205.04 156.10 Td (2, ) Tj ET Q q 0 0 0 rg BT 214.76 156.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 239.48 156.10 Td (for ) Tj ET Q q 0 0 0 rg BT 253.35 156.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.78 156.10 Td (period ) Tj ET Q q 0 0 0 rg BT 295.55 156.10 Td (from ) Tj ET Q q 0 0 0 rg BT 317.20 156.10 Td (March ) Tj ET Q q 0 0 0 rg BT 345.52 156.10 Td (24, ) Tj ET Q q 0 0 0 rg BT 360.23 156.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 382.45 156.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.44 156.10 Td (May ) Tj ET Q q 0 0 0 rg BT 412.99 156.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 427.70 156.10 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.20 156.10 Td ( ) Tj ET Q q 0 0 0 rg BT 452.26 156.10 Td (W) Tj ET Q q 0 0 0 rg BT 460.90 156.10 Td (e ) Tj ET Q q 0 0 0 rg BT 467.55 156.10 Td (did ) Tj ET Q q 0 0 0 rg BT 482.54 156.10 Td (not ) Tj ET Q q 0 0 0 rg BT 497.54 156.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 527.52 156.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 144.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 72.60 144.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 86.26 144.10 Td (any ) Tj ET Q q 0 0 0 rg BT 102.69 144.10 Td (other ) Tj ET Q q 0 0 0 rg BT 125.23 144.10 Td (securities\) ) Tj ET Q q 0 0 0 rg BT 168.32 144.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 190.32 144.10 Td (conversion. ) Tj ET Q q 0 0 0 rg BT 238.69 144.10 Td (Upon ) Tj ET Q q 0 0 0 rg BT 262.90 144.10 Td (maturity) Tj ET Q q 0 0 0 rg BT 296.14 144.10 Td (, ) Tj ET Q q 0 0 0 rg BT 300.63 144.10 Td (we ) Tj ET Q q 0 0 0 rg BT 314.29 144.10 Td (were ) Tj ET Q q 0 0 0 rg BT 335.71 144.10 Td (required ) Tj ET Q q 0 0 0 rg BT 371.02 144.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.79 144.10 Td (pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.22 144.10 Td ($83 ) Tj ET Q q 0 0 0 rg BT 414.22 144.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.11 144.10 Td ( ) Tj ET Q q 0 0 0 rg BT 445.11 144.10 Td (to ) Tj ET Q q 0 0 0 rg BT 454.88 144.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 482.98 144.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.19 144.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 539.74 144.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 132.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 132.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 86.72 132.10 Td (Conversion ) Tj ET Q q 0 0 0 rg BT 135.33 132.10 Td (Option ) Tj ET Q q 0 0 0 rg BT 165.60 132.10 Td (in ) Tj ET Q q 0 0 0 rg BT 175.88 132.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 211.16 132.10 Td (to ) Tj ET Q q 0 0 0 rg BT 221.43 132.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.15 132.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 274.19 132.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 306.69 132.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.52 132.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.23 132.10 Td (3.25% ) Tj ET Q q 0 0 0 rg BT 360.56 132.10 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 114.10 Td (In ) Tj ET Q q 0 0 0 rg BT 70.26 114.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 117.55 114.10 Td (with ) Tj ET Q q 0 0 0 rg BT 138.76 114.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.40 114.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 191.70 114.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.46 114.10 Td (3.25% ) Tj ET Q q 0 0 0 rg BT 232.71 114.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 259.47 114.10 Td (of) Tj ET Q q 0 0 0 rg BT 267.62 114.10 Td (fering, ) Tj ET Q q 0 0 0 rg BT 297.42 114.10 Td (we ) Tj ET Q q 0 0 0 rg BT 312.50 114.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 345.35 114.10 Td (into ) Tj ET Q q 0 0 0 rg BT 364.33 114.10 Td (privately ) Tj ET Q q 0 0 0 rg BT 403.30 114.10 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 448.38 114.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 469.57 114.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 517.98 114.10 Td (note ) Tj ET Q q 0 0 0 rg BT 538.62 114.10 Td (hedge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 100.03 102.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 118.34 102.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 144.98 102.10 Td (Hedge\) ) Tj ET Q q 0 0 0 rg BT 181.62 102.10 Td (with ) Tj ET Q q 0 0 0 rg BT 202.16 102.10 Td (af) Tj ET Q q 0 0 0 rg BT 209.75 102.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 239.72 102.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.82 102.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 280.79 102.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.88 102.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.86 102.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 332.96 102.10 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 378.48 102.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.58 102.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.56 102.10 Td (3.25% ) Tj ET Q q 0 0 0 rg BT 433.15 102.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 459.25 102.10 Td (which ) Tj ET Q q 0 0 0 rg BT 486.45 102.10 Td (we ) Tj ET Q q 0 0 0 rg BT 500.88 102.10 Td (cash-settled ) Tj ET Q q 0 0 0 rg BT 550.85 102.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.10 Td ($83 ) Tj ET Q q 0 0 0 rg BT 67.00 90.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.89 90.10 Td ( ) Tj ET Q q 0 0 0 rg BT 98.39 90.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 120.89 90.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 157.27 90.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.10 90.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.82 90.10 Td (3.25% ) Tj ET Q q 0 0 0 rg BT 211.15 90.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 236.98 90.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.92 90.10 Td (ef) Tj ET Q q 0 0 0 rg BT 261.51 90.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 298.99 90.10 Td (of) Tj ET Q q 0 0 0 rg BT 307.14 90.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 324.08 90.10 Td (our ) Tj ET Q q 0 0 0 rg BT 339.91 90.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 373.51 90.10 Td (under ) Tj ET Q q 0 0 0 rg BT 398.78 90.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.50 90.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 436.00 90.10 Td (Conversion ) Tj ET Q q 0 0 0 rg BT 484.61 90.10 Td (Option.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 72.10 Td (In ) Tj ET Q q 0 0 0 rg BT 69.41 72.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 115.87 72.10 Td (with ) Tj ET Q q 0 0 0 rg BT 136.23 72.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.03 72.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 187.48 72.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.40 72.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.20 72.10 Td (3.25% ) Tj ET Q q 0 0 0 rg BT 241.61 72.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 270.02 72.10 Td (we ) Tj ET Q q 0 0 0 rg BT 284.26 72.10 Td (also ) Tj ET Q q 0 0 0 rg BT 302.95 72.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 322.20 72.10 Td (warrants, ) Tj ET Q q 0 0 0 rg BT 361.71 72.10 Td (correlating ) Tj ET Q q 0 0 0 rg BT 407.61 72.10 Td (to ) Tj ET Q q 0 0 0 rg BT 417.97 72.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.77 72.10 Td (number ) Tj ET Q q 0 0 0 rg BT 465.90 72.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.81 72.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 504.38 72.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 550.29 72.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 60.10 Td (3.25% ) Tj ET Q q 0 0 0 rg BT 77.61 60.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 105.55 60.10 Td (The ) Tj ET Q q 0 0 0 rg BT 123.38 60.10 Td (warrants ) Tj ET Q q 0 0 0 rg BT 160.09 60.10 Td (were ) Tj ET Q q 0 0 0 rg BT 181.80 60.10 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 229.05 60.10 Td (only ) Tj ET Q q 0 0 0 rg BT 249.10 60.10 Td (at ) Tj ET Q q 0 0 0 rg BT 258.60 60.10 Td (expiration ) Tj ET Q q 0 0 0 rg BT 301.42 60.10 Td (in ) Tj ET Q q 0 0 0 rg BT 311.48 60.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 335.41 60.10 Td (tranches ) Tj ET Q q 0 0 0 rg BT 371.01 60.10 Td (over ) Tj ET Q q 0 0 0 rg BT 391.06 60.10 Td (a ) Tj ET Q q 0 0 0 rg BT 397.77 60.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 410.05 60.10 Td (day ) Tj ET Q q 0 0 0 rg BT 426.77 60.10 Td (period ) Tj ET Q q 0 0 0 rg BT 454.60 60.10 Td (which ) Tj ET Q q 0 0 0 rg BT 481.31 60.10 Td (began ) Tj ET Q q 0 0 0 rg BT 507.47 60.10 Td (on ) Tj ET Q q 0 0 0 rg BT 519.75 60.10 Td (September ) Tj ET Q endstream endobj 181 0 obj <>] /Rotate 0 /Contents 182 0 R>> endobj 182 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 722.10 Td (2, ) Tj ET Q q 0 0 0 rg BT 59.98 722.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 82.95 722.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.37 722.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 127.22 722.10 Td (on ) Tj ET Q q 0 0 0 rg BT 140.20 722.10 Td (November ) Tj ET Q q 0 0 0 rg BT 185.38 722.10 Td (26, ) Tj ET Q q 0 0 0 rg BT 200.85 722.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 226.33 722.10 Td (During ) Tj ET Q q 0 0 0 rg BT 257.64 722.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.83 722.10 Td (year ) Tj ET Q q 0 0 0 rg BT 293.01 722.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 319.87 722.10 Td (December ) Tj ET Q q 0 0 0 rg BT 363.93 722.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 379.40 722.10 Td (2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.88 722.10 Td (1,430,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.88 722.10 Td ( ) Tj ET Q q 0 0 0 rg BT 447.85 722.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 475.82 722.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.13 722.10 Td (our ) Tj ET Q q 0 0 0 rg BT 503.43 722.10 Td (common ) Tj ET Q q 0 0 0 rg BT 541.40 722.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 710.10 Td (were ) Tj ET Q q 0 0 0 rg BT 71.43 710.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 98.93 710.10 Td (in ) Tj ET Q q 0 0 0 rg BT 109.21 710.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 155.58 710.10 Td (with ) Tj ET Q q 0 0 0 rg BT 175.86 710.10 Td (warrant ) Tj ET Q q 0 0 0 rg BT 208.89 710.10 Td (exercises.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (4.00% - 5.25% ) Tj ET Q q 0 0 0 rg BT 115.15 692.10 Td (T) Tj ET Q q 0 0 0 rg BT 120.90 692.10 Td (ax-Exempt Bonds due fr) Tj ET Q q 0 0 0 rg BT 224.90 692.10 Td (om 2024-2045 \("T) Tj ET Q q 0 0 0 rg BT 301.19 692.10 Td (ax-Exempt Bonds"\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 674.10 Td (In ) Tj ET Q q 0 0 0 rg BT 68.53 674.10 Td (November ) Tj ET Q q 0 0 0 rg BT 113.43 674.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 138.63 674.10 Td (we ) Tj ET Q q 0 0 0 rg BT 152.99 674.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 180.69 674.10 Td (tax-exempt ) Tj ET Q q 0 0 0 rg BT 228.36 674.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 268.82 674.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 295.41 674.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 674.10 Td ($335 ) Tj ET Q q 0 0 0 rg BT 351.35 674.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.24 674.10 Td (. ) Tj ET Q q 0 0 0 rg BT 385.44 674.10 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 424.24 674.10 Td (from ) Tj ET Q q 0 0 0 rg BT 446.37 674.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.29 674.10 Td (of) Tj ET Q q 0 0 0 rg BT 469.44 674.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 499.90 674.10 Td (were ) Tj ET Q q 0 0 0 rg BT 522.03 674.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 554.72 674.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 662.10 Td (refinance ) Tj ET Q q 0 0 0 rg BT 88.81 662.10 Td (tax-exempt ) Tj ET Q q 0 0 0 rg BT 135.92 662.10 Td (project ) Tj ET Q q 0 0 0 rg BT 165.80 662.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 185.14 662.10 Td (at ) Tj ET Q q 0 0 0 rg BT 194.48 662.10 Td (our ) Tj ET Q q 0 0 0 rg BT 209.93 662.10 Td (Haverhill, ) Tj ET Q q 0 0 0 rg BT 252.31 662.10 Td (Niagara ) Tj ET Q q 0 0 0 rg BT 286.08 662.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.64 662.10 Td (SEMASS ) Tj ET Q q 0 0 0 rg BT 343.67 662.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 382.72 662.10 Td (as ) Tj ET Q q 0 0 0 rg BT 393.17 662.10 Td (well ) Tj ET Q q 0 0 0 rg BT 412.51 662.10 Td (as ) Tj ET Q q 0 0 0 rg BT 422.96 662.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.86 662.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 453.31 662.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 482.64 662.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 511.41 662.10 Td (expenditures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 650.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.89 650.10 Td (Massachusetts. ) Tj ET Q q 0 0 0 rg BT 122.19 650.10 Td (Approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.35 650.10 Td ($7 ) Tj ET Q q 0 0 0 rg BT 197.96 650.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.85 650.10 Td ( ) Tj ET Q q 0 0 0 rg BT 229.47 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.41 650.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 280.78 650.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 303.40 650.10 Td (were ) Tj ET Q q 0 0 0 rg BT 325.44 650.10 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 363.86 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.81 650.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.86 650.10 Td ($3 ) Tj ET Q q 0 0 0 rg BT 414.47 650.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.36 650.10 Td ( ) Tj ET Q q 0 0 0 rg BT 445.97 650.10 Td (was ) Tj ET Q q 0 0 0 rg BT 464.14 650.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 503.96 650.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.01 650.10 Td ($4 ) Tj ET Q q 0 0 0 rg BT 533.62 650.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 638.10 Td (will ) Tj ET Q q 0 0 0 rg BT 67.56 638.10 Td (be ) Tj ET Q q 0 0 0 rg BT 79.50 638.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 125.86 638.10 Td (over ) Tj ET Q q 0 0 0 rg BT 146.13 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.84 638.10 Td (term ) Tj ET Q q 0 0 0 rg BT 181.67 638.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.50 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.21 638.10 Td (debt. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 620.10 Td (In ) Tj ET Q q 0 0 0 rg BT 68.09 620.10 Td (August ) Tj ET Q q 0 0 0 rg BT 99.88 620.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 125.27 620.10 Td (we ) Tj ET Q q 0 0 0 rg BT 139.83 620.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 167.73 620.10 Td (two ) Tj ET Q q 0 0 0 rg BT 185.62 620.10 Td (new ) Tj ET Q q 0 0 0 rg BT 205.18 620.10 Td (series ) Tj ET Q q 0 0 0 rg BT 230.85 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.07 620.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 265.52 620.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 283.40 620.10 Td (tax-exempt ) Tj ET Q q 0 0 0 rg BT 331.28 620.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 371.93 620.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 398.72 620.10 Td (totaling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.77 620.10 Td ($130 ) Tj ET Q q 0 0 0 rg BT 454.67 620.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.56 620.10 Td (. ) Tj ET Q q 0 0 0 rg BT 488.95 620.10 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 527.95 620.10 Td (from ) Tj ET Q q 0 0 0 rg BT 550.29 620.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 608.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 87.00 608.10 Td (were ) Tj ET Q q 0 0 0 rg BT 108.02 608.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 139.59 608.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.95 608.10 Td (refinance ) Tj ET Q q 0 0 0 rg BT 187.73 608.10 Td (tax-exempt ) Tj ET Q q 0 0 0 rg BT 234.29 608.10 Td (project ) Tj ET Q q 0 0 0 rg BT 263.64 608.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 282.44 608.10 Td (at ) Tj ET Q q 0 0 0 rg BT 291.25 608.10 Td (our ) Tj ET Q q 0 0 0 rg BT 306.16 608.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 345.94 608.10 Td (V) Tj ET Q q 0 0 0 rg BT 352.05 608.10 Td (alley ) Tj ET Q q 0 0 0 rg BT 373.07 608.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 402.97 608.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.99 608.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.36 608.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 448.27 608.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 477.06 608.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 505.29 608.10 Td (improvements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.22 596.10 Td (our ) Tj ET Q q 0 0 0 rg BT 75.05 596.10 Td (Essex ) Tj ET Q q 0 0 0 rg BT 100.88 596.10 Td (County ) Tj ET Q q 0 0 0 rg BT 132.83 596.10 Td (facility) Tj ET Q q 0 0 0 rg BT 160.50 596.10 Td (. ) Tj ET Q q 0 0 0 rg BT 165.50 596.10 Td (Financing ) Tj ET Q q 0 0 0 rg BT 207.99 596.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 230.49 596.10 Td (were ) Tj ET Q q 0 0 0 rg BT 252.42 596.10 Td (not ) Tj ET Q q 0 0 0 rg BT 267.70 596.10 Td (material. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 578.10 Td (Details ) Tj ET Q q 0 0 0 rg BT 88.33 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.16 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.87 578.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 140.26 578.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.20 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.92 578.10 Td (use ) Tj ET Q q 0 0 0 rg BT 187.75 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.58 578.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 236.62 578.10 Td (are ) Tj ET Q q 0 0 0 rg BT 251.32 578.10 Td 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488.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 488.60 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 488.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.00 488.60 193.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 78.00 451.60 114.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.00 451.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 196.00 451.60 38.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 451.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.00 451.60 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 451.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 451.60 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 451.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.00 451.60 193.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 78 553.6 m 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507.06 Td (5.25%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.50 507.06 Td (Redeem Haverhill project debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.50 493.06 Td (Niagara Series 2012A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 217.00 493.06 Td (130) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.50 493.06 Td (2042) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.85 493.06 Td (5.25%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.50 493.06 Td (Redeem Niagara project debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.50 479.06 Td (Niagara Series 2012B) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 221.50 479.06 Td (35) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.50 479.06 Td (2024) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.85 479.06 Td (4.00%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.50 479.06 Td (Redeem Niagara project debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.50 456.06 Td (New Jersey Series 2015A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 221.50 456.06 Td (90) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 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(of ) Tj ET Q q 0 0 0 rg BT 208.96 382.10 Td (\(i\)financing ) Tj ET Q q 0 0 0 rg BT 262.00 382.10 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 306.44 382.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 336.43 382.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 390.86 382.10 Td (at ) Tj ET Q q 0 0 0 rg BT 401.41 382.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 431.95 382.10 Td (solid ) Tj ET Q q 0 0 0 rg BT 454.74 382.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 480.84 382.10 Td (disposal ) Tj ET Q q 0 0 0 rg BT 516.96 382.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 554.72 382.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (Massachusetts ) Tj ET Q q 0 0 0 rg BT 109.77 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.71 370.10 Td (\(ii\)redeeming ) Tj ET Q q 0 0 0 rg BT 186.13 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.84 370.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 250.01 370.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 288.05 370.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 321.08 370.10 Td (of ) Tj ET Q q 0 0 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352.10 Td (which ) Tj ET Q q 0 0 0 rg BT 450.91 352.10 Td (they ) Tj ET Q q 0 0 0 rg BT 471.14 352.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 499.16 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.39 352.10 Td (Solid ) Tj ET Q q 0 0 0 rg BT 538.31 352.10 Td (W) Tj ET Q q 0 0 0 rg BT 546.95 352.10 Td (aste ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.10 Td (Disposal ) Tj ET Q q 0 0 0 rg BT 86.22 340.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 118.48 340.10 Td (Refunding ) Tj ET Q q 0 0 0 rg BT 162.42 340.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 199.12 340.10 Td (Bonds ) Tj ET Q q 0 0 0 rg BT 226.40 340.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 243.66 340.10 Td (Niagara ) Tj ET Q q 0 0 0 rg BT 281.46 340.10 Td (Series ) Tj ET Q q 0 0 0 rg BT 312.05 340.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 337.66 340.10 Td (in ) Tj ET Q q 0 0 0 rg BT 347.16 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.09 340.10 Td (table ) Tj ET Q q 0 0 0 rg BT 382.24 340.10 Td (above\) ) Tj ET Q q 0 0 0 rg BT 411.16 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.32 340.10 Td (loaned ) Tj ET Q q 0 0 0 rg BT 455.69 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.62 340.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 506.88 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.92 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.85 340.10 Td (Niagara ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.10 Td (Series ) Tj ET Q q 0 0 0 rg BT 76.44 328.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 102.83 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.11 328.10 Td (us ) Tj ET Q q 0 0 0 rg BT 124.50 328.10 Td (for ) Tj ET Q q 0 0 0 rg BT 138.66 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.38 328.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 187.54 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.37 328.10 Td (redeeming ) Tj ET Q q 0 0 0 rg BT 243.07 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.79 328.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 306.95 328.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 344.99 328.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 378.03 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.86 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.57 328.10 Td (Niagara ) Tj ET Q q 0 0 0 rg BT 437.72 328.10 Td (project ) Tj ET Q q 0 0 0 rg BT 467.98 328.10 Td (debt. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 310.10 Td (The ) Tj ET Q q 0 0 0 rg BT 75.47 310.10 Td (Massachusetts ) Tj ET Q q 0 0 0 rg BT 135.66 310.10 Td (Series ) Tj ET Q q 0 0 0 rg BT 162.52 310.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 188.83 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.69 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.33 310.10 Td (Niagara ) Tj ET Q q 0 0 0 rg BT 254.40 310.10 Td (Series ) Tj ET Q q 0 0 0 rg BT 281.26 310.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 307.57 310.10 Td (are ) Tj ET Q q 0 0 0 rg BT 322.20 310.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 369.07 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.82 310.10 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 415.57 310.10 Td (Holding ) Tj ET Q q 0 0 0 rg BT 450.77 310.10 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 504.01 310.10 Td (are ) Tj ET Q q 0 0 0 rg BT 518.64 310.10 Td (guaranteed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (by ) Tj ET Q q 0 0 0 rg BT 61.40 298.10 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 96.63 298.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 115.33 298.10 Td (gy; ) Tj ET Q q 0 0 0 rg BT 130.01 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.35 298.10 Td (are ) Tj ET Q q 0 0 0 rg BT 160.46 298.10 Td (not ) Tj ET Q q 0 0 0 rg BT 175.14 298.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 207.58 298.10 Td (by ) Tj ET Q q 0 0 0 rg BT 219.49 298.10 Td (project ) Tj ET Q q 0 0 0 rg BT 249.15 298.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 276.89 298.10 Td (Principal ) Tj ET Q q 0 0 0 rg BT 314.89 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.24 298.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 362.57 298.10 Td (on ) Tj ET Q q 0 0 0 rg BT 374.48 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.60 298.10 Td (Massachusetts ) Tj ET Q q 0 0 0 rg BT 448.27 298.10 Td (Series ) Tj ET Q q 0 0 0 rg BT 474.61 298.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 500.41 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.75 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.87 298.10 Td (Niagara ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (Series ) Tj ET Q q 0 0 0 rg BT 76.98 286.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 103.92 286.10 Td (are ) Tj ET Q q 0 0 0 rg BT 119.17 286.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 153.31 286.10 Td (from ) Tj ET Q q 0 0 0 rg BT 175.79 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.05 286.10 Td (repayments ) Tj ET Q q 0 0 0 rg BT 240.19 286.10 Td (we ) Tj ET Q q 0 0 0 rg BT 254.90 286.10 Td (make ) Tj ET Q q 0 0 0 rg BT 279.60 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 290.42 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.68 286.10 Td (Massachusetts ) Tj ET Q q 0 0 0 rg BT 366.49 286.10 Td (Development ) Tj ET Q q 0 0 0 rg BT 423.41 286.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 457.44 286.10 Td (Agency ) Tj ET Q q 0 0 0 rg BT 491.58 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 509.06 286.10 Td (Niagara ) Tj ET Q q 0 0 0 rg BT 543.08 286.10 Td (Area ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (Development ) Tj ET Q q 0 0 0 rg BT 105.87 274.10 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 159.20 274.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 206.86 274.10 Td (, ) Tj ET Q q 0 0 0 rg BT 211.86 274.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 248.80 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.08 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.79 274.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 316.82 274.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 336.54 274.10 Td (agreements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 256.10 Td (The ) Tj ET Q q 0 0 0 rg BT 75.54 256.10 Td (Massachusetts ) Tj ET Q q 0 0 0 rg BT 135.80 256.10 Td (Series ) Tj ET Q q 0 0 0 rg BT 162.74 256.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 189.12 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.05 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.77 256.10 Td (Niagara ) Tj ET Q q 0 0 0 rg BT 254.91 256.10 Td (Series ) Tj ET Q q 0 0 0 rg BT 281.84 256.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 308.22 256.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 327.92 256.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 359.85 256.10 Td (at ) Tj ET Q q 0 0 0 rg BT 369.56 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.27 256.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 416.20 256.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 437.57 256.10 Td (per ) Tj ET Q q 0 0 0 rg BT 452.84 256.10 Td (annum ) Tj ET Q q 0 0 0 rg BT 482.55 256.10 Td (set ) Tj ET Q q 0 0 0 rg BT 496.15 256.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 518.08 256.10 Td (in ) Tj ET Q q 0 0 0 rg BT 528.35 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 543.07 256.10 Td (table ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 78.38 244.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 111.97 244.10 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 171.12 244.10 Td (on ) Tj ET Q q 0 0 0 rg BT 183.62 244.10 Td (May ) Tj ET Q q 0 0 0 rg BT 204.45 244.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 211.95 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 228.89 244.10 Td (November ) Tj ET Q q 0 0 0 rg BT 273.60 244.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 281.10 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.93 244.10 Td (each ) Tj ET Q q 0 0 0 rg BT 312.74 244.10 Td (year) Tj ET Q q 0 0 0 rg BT 329.55 244.10 Td (, ) Tj ET Q q 0 0 0 rg BT 334.55 244.10 Td (commencing ) Tj ET Q q 0 0 0 rg BT 388.70 244.10 Td (on ) Tj ET Q q 0 0 0 rg BT 401.20 244.10 Td (May ) Tj ET Q q 0 0 0 rg BT 422.03 244.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 432.03 244.10 Td (2013. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 226.10 Td (W) Tj ET Q q 0 0 0 rg BT 66.14 226.10 Td (e ) Tj ET Q q 0 0 0 rg BT 74.03 226.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 106.91 226.10 Td (into ) Tj ET Q q 0 0 0 rg BT 125.92 226.10 Td (a ) Tj ET Q q 0 0 0 rg BT 133.81 226.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 154.48 226.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 199.58 226.10 Td (with ) Tj ET Q q 0 0 0 rg BT 220.81 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.48 226.10 Td (Essex ) Tj ET Q q 0 0 0 rg BT 263.27 226.10 Td (County ) Tj ET Q q 0 0 0 rg BT 296.17 226.10 Td (Improvement ) Tj ET Q q 0 0 0 rg BT 352.74 226.10 Td (Authority ) Tj ET Q q 0 0 0 rg BT 395.08 226.10 Td (under ) Tj ET Q q 0 0 0 rg BT 421.30 226.10 Td (which ) Tj ET Q q 0 0 0 rg BT 449.19 226.10 Td (they ) Tj ET Q q 0 0 0 rg BT 469.87 226.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 498.32 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.99 226.10 Td (Solid ) Tj ET Q q 0 0 0 rg BT 538.31 226.10 Td (W) Tj ET Q q 0 0 0 rg BT 546.95 226.10 Td (aste ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (Disposal ) Tj ET Q q 0 0 0 rg BT 87.40 214.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 125.29 214.10 Td (Bonds ) Tj ET Q q 0 0 0 rg BT 153.75 214.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 172.20 214.10 Td (New ) Tj ET Q q 0 0 0 rg BT 198.42 214.10 Td (Jersey ) Tj ET Q q 0 0 0 rg BT 226.32 214.10 Td (Series ) Tj ET Q q 0 0 0 rg BT 258.09 214.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 284.89 214.10 Td (in ) Tj ET Q q 0 0 0 rg BT 295.57 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.69 214.10 Td (table ) Tj ET Q q 0 0 0 rg BT 333.02 214.10 Td (above\) ) Tj ET Q q 0 0 0 rg BT 363.13 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.47 214.10 Td (loaned ) Tj ET Q q 0 0 0 rg BT 410.03 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.15 214.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 463.59 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 474.27 214.10 Td (us ) Tj ET Q q 0 0 0 rg BT 486.06 214.10 Td (for ) Tj ET Q q 0 0 0 rg BT 500.62 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.74 214.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 554.19 214.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 89.94 202.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 119.27 202.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 179.16 202.10 Td (at ) Tj ET Q q 0 0 0 rg BT 189.05 202.10 Td (our ) Tj ET Q q 0 0 0 rg BT 205.06 202.10 Td (Essex ) Tj ET Q q 0 0 0 rg BT 231.07 202.10 Td (County ) Tj ET Q q 0 0 0 rg BT 263.19 202.10 Td (facility) Tj ET Q q 0 0 0 rg BT 290.86 202.10 Td (, ) Tj ET Q q 0 0 0 rg BT 296.04 202.10 Td (including ) Tj ET Q q 0 0 0 rg BT 336.49 202.10 Td (a ) Tj ET Q q 0 0 0 rg BT 343.61 202.10 Td (new ) Tj ET Q q 0 0 0 rg BT 362.94 202.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 405.07 202.10 Td (control ) Tj ET Q q 0 0 0 rg BT 436.07 202.10 Td (system. ) Tj ET Q q 0 0 0 rg BT 469.03 202.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 501.69 202.10 Td (on ) Tj ET Q q 0 0 0 rg BT 514.37 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.26 202.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 555.83 202.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 70.13 190.10 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 130.18 190.10 Td (on ) Tj ET Q q 0 0 0 rg BT 143.59 190.10 Td (January ) Tj ET Q q 0 0 0 rg BT 178.10 190.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 186.51 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.35 190.10 Td (July ) Tj ET Q q 0 0 0 rg BT 224.43 190.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 232.84 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.58 190.10 Td (each ) Tj ET Q q 0 0 0 rg BT 266.30 190.10 Td (year ) Tj ET Q q 0 0 0 rg BT 286.92 190.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 330.32 190.10 Td (on ) Tj ET Q q 0 0 0 rg BT 343.73 190.10 Td (January ) Tj ET Q q 0 0 0 rg BT 378.24 190.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 389.14 190.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 415.05 190.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 448.45 190.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 484.06 190.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 520.78 190.10 Td (during ) Tj ET Q q 0 0 0 rg BT 550.30 190.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 101.43 178.10 Td (period ) Tj ET Q q 0 0 0 rg BT 129.48 178.10 Td (will ) Tj ET Q q 0 0 0 rg BT 147.54 178.10 Td (be ) Tj ET Q q 0 0 0 rg BT 159.48 178.10 Td (capitalized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 160.10 Td (W) Tj ET Q q 0 0 0 rg BT 66.14 160.10 Td (e ) Tj ET Q q 0 0 0 rg BT 73.75 160.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 106.34 160.10 Td (into ) Tj ET Q q 0 0 0 rg BT 125.06 160.10 Td (a ) Tj ET Q q 0 0 0 rg BT 132.67 160.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 153.06 160.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 197.87 160.10 Td (with ) Tj ET Q q 0 0 0 rg BT 218.81 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.20 160.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 275.67 160.10 Td (County ) Tj ET Q q 0 0 0 rg BT 308.29 160.10 Td (Industrial ) Tj ET Q q 0 0 0 rg BT 349.79 160.10 Td (Development ) Tj ET Q q 0 0 0 rg BT 406.13 160.10 Td (Authority ) Tj ET Q q 0 0 0 rg BT 448.18 160.10 Td (under ) Tj ET Q q 0 0 0 rg BT 474.12 160.10 Td (which ) Tj ET Q q 0 0 0 rg BT 501.73 160.10 Td (they ) Tj ET Q q 0 0 0 rg BT 522.11 160.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 550.28 160.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 148.10 Td (Refunding ) Tj ET Q q 0 0 0 rg BT 94.12 148.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 131.52 148.10 Td (Bonds ) Tj ET Q q 0 0 0 rg BT 159.49 148.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 177.44 148.10 Td (Pennsylvania ) Tj ET Q q 0 0 0 rg BT 237.61 148.10 Td (Series ) Tj ET Q q 0 0 0 rg BT 268.89 148.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 295.19 148.10 Td (in ) Tj ET Q q 0 0 0 rg BT 305.38 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.00 148.10 Td (table ) Tj ET Q q 0 0 0 rg BT 341.84 148.10 Td (above\) ) Tj ET Q q 0 0 0 rg BT 371.46 148.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.30 148.10 Td (loaned ) Tj ET Q q 0 0 0 rg BT 417.37 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.99 148.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 469.93 148.10 Td (to ) Tj ET Q q 0 0 0 rg BT 480.12 148.10 Td (us ) Tj ET Q q 0 0 0 rg BT 491.42 148.10 Td (for ) Tj ET Q q 0 0 0 rg BT 505.49 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.11 148.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 554.18 148.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 136.10 Td (redeeming ) Tj ET Q q 0 0 0 rg BT 94.01 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.53 136.10 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.51 136.10 Td ($34 ) Tj ET Q q 0 0 0 rg BT 174.81 136.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.70 136.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 244.05 136.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 276.36 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.99 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.35 136.10 Td (V) Tj ET Q q 0 0 0 rg BT 307.46 136.10 Td (ariable ) Tj ET Q q 0 0 0 rg BT 336.97 136.10 Td (Rate ) Tj ET Q q 0 0 0 rg BT 357.60 136.10 Td (Bonds ) Tj ET Q q 0 0 0 rg BT 385.47 136.10 Td (and ) Tj ET Q q 0 0 0 rg BT 402.22 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 412.86 136.10 Td (refinancing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.89 136.10 Td ($6 ) Tj ET Q q 0 0 0 rg BT 473.20 136.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.09 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 515.22 136.10 Td (project ) Tj ET Q q 0 0 0 rg BT 545.30 136.10 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 124.10 Td (due ) Tj ET Q q 0 0 0 rg BT 66.71 124.10 Td (on ) Tj ET Q q 0 0 0 rg BT 79.48 124.10 Td (July ) Tj ET Q q 0 0 0 rg BT 98.93 124.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 109.20 124.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 131.97 124.10 Td (at ) Tj ET Q q 0 0 0 rg BT 141.96 124.10 Td (our ) Tj ET Q q 0 0 0 rg BT 158.06 124.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 198.94 124.10 Td (V) Tj ET Q q 0 0 0 rg BT 205.05 124.10 Td (alley ) Tj ET Q q 0 0 0 rg BT 227.26 124.10 Td (facility) Tj ET Q q 0 0 0 rg BT 254.93 124.10 Td (. ) Tj ET Q q 0 0 0 rg BT 260.20 124.10 Td (See) Tj ET Q q 0 0 0 rg BT 276.96 124.10 Td (V) Tj ET Q q 0 0 0 rg BT 283.07 124.10 Td (ariable ) Tj ET Q q 0 0 0 rg BT 313.05 124.10 Td (Rate ) Tj ET Q q 0 0 0 rg BT 333.95 124.10 Td (T) Tj ET Q q 0 0 0 rg BT 339.36 124.10 Td (ax-Exempt ) Tj ET Q q 0 0 0 rg BT 386.00 124.10 Td (Demand ) Tj ET Q q 0 0 0 rg BT 422.65 124.10 Td (Bonds ) Tj ET Q q 0 0 0 rg BT 450.98 124.10 Td (due ) Tj ET Q q 0 0 0 rg BT 468.19 124.10 Td (2043below) Tj ET Q q 0 0 0 rg BT 514.48 124.10 Td (. ) Tj ET Q q 0 0 0 rg BT 519.76 124.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 552.51 124.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 112.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 90.61 112.10 Td (is ) Tj ET Q q 0 0 0 rg BT 99.78 112.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 119.50 112.10 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 178.65 112.10 Td (on ) Tj ET Q q 0 0 0 rg BT 191.15 112.10 Td (January ) Tj ET Q q 0 0 0 rg BT 224.74 112.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 232.24 112.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.18 112.10 Td (July ) Tj ET Q q 0 0 0 rg BT 268.35 112.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 275.85 112.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.68 112.10 Td (each ) Tj ET Q q 0 0 0 rg BT 307.50 112.10 Td (year ) Tj ET Q q 0 0 0 rg BT 327.21 112.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 369.70 112.10 Td (on ) Tj ET Q q 0 0 0 rg BT 382.20 112.10 Td (January ) Tj ET Q q 0 0 0 rg BT 415.80 112.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 425.80 112.10 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 94.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 79.80 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.45 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.99 94.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 124.53 94.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 172.38 94.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 208.02 94.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 252.00 94.10 Td (events ) Tj ET Q q 0 0 0 rg BT 279.86 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.51 94.10 Td (default, ) Tj ET Q q 0 0 0 rg BT 323.10 94.10 Td (including ) Tj ET Q q 0 0 0 rg BT 363.19 94.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 391.60 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 401.70 94.10 Td (make ) Tj ET Q q 0 0 0 rg BT 425.67 94.10 Td (any ) Tj ET Q q 0 0 0 rg BT 442.43 94.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 483.08 94.10 Td (when ) Tj ET Q q 0 0 0 rg BT 507.06 94.10 Td (due, ) Tj ET Q q 0 0 0 rg BT 526.31 94.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 554.73 94.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 85.33 82.10 Td (its ) Tj ET Q q 0 0 0 rg BT 98.41 82.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 142.02 82.10 Td (under ) Tj ET Q q 0 0 0 rg BT 168.42 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.26 82.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 228.42 82.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 249.26 82.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 297.03 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.10 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.94 82.10 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 379.55 82.10 Td (or ) Tj ET Q q 0 0 0 rg BT 391.51 82.10 Td (insolvency) Tj ET Q q 0 0 0 rg BT 434.19 82.10 Td (. ) Tj ET Q q 0 0 0 rg BT 439.51 82.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 489.41 82.10 Td (, ) Tj ET Q q 0 0 0 rg BT 495.54 82.10 Td (each ) Tj ET Q q 0 0 0 rg BT 517.48 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.44 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.28 82.10 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 97.22 70.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 132.73 70.10 Td (cross-default ) Tj ET Q q 0 0 0 rg BT 186.56 70.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 230.41 70.10 Td (that ) Tj ET Q q 0 0 0 rg BT 247.59 70.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 271.97 70.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.94 70.10 Td (our ) Tj ET Q q 0 0 0 rg BT 297.45 70.10 Td (other ) Tj ET Q q 0 0 0 rg BT 320.18 70.10 Td (indebtedness. ) Tj ET Q q 0 0 0 rg BT 376.52 70.10 Td (Upon ) Tj ET Q q 0 0 0 rg BT 400.93 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.33 70.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 461.36 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.88 70.10 Td (an ) Tj ET Q q 0 0 0 rg BT 483.50 70.10 Td (event ) Tj ET Q q 0 0 0 rg BT 507.34 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.85 70.10 Td (default, ) Tj ET Q q 0 0 0 rg BT 550.30 70.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 79.22 58.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 112.25 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.08 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.80 58.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 157.51 58.10 Td (under ) Tj ET Q q 0 0 0 rg BT 182.78 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.50 58.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 241.09 58.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 260.80 58.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 304.94 58.10 Td (will ) Tj ET Q q 0 0 0 rg BT 323.00 58.10 Td (become ) Tj ET Q q 0 0 0 rg BT 356.59 58.10 Td (due ) Tj ET Q q 0 0 0 rg BT 373.53 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 390.47 58.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 424.07 58.10 Td (immediately) Tj ET Q q 0 0 0 rg BT 473.40 58.10 Td (.) Tj ET Q endstream endobj 183 0 obj <>] /Rotate 0 /Contents 184 0 R>> endobj 184 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 726.10 Td (The ) Tj ET Q q 0 0 0 rg BT 74.35 726.10 Td (Massachusetts ) Tj ET Q q 0 0 0 rg BT 133.43 726.10 Td (Series ) Tj ET Q q 0 0 0 rg BT 159.17 726.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 184.37 726.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.11 726.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.64 726.10 Td (Niagara ) Tj ET Q q 0 0 0 rg BT 246.59 726.10 Td (Series ) Tj ET Q q 0 0 0 rg BT 272.33 726.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 297.53 726.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 328.27 726.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 356.78 726.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 380.30 726.10 Td (including ) Tj ET Q q 0 0 0 rg BT 419.38 726.10 Td (mandatory ) Tj ET Q q 0 0 0 rg BT 463.45 726.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 510.30 726.10 Td (requirements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.21 714.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.37 714.10 Td (event ) Tj ET Q q 0 0 0 rg BT 99.96 714.10 Td (that ) Tj ET Q q 0 0 0 rg BT 117.89 714.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 130.26 714.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.42 714.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 188.89 714.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 209.04 714.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 253.61 714.10 Td (is ) Tj ET Q q 0 0 0 rg BT 263.22 714.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 311.14 714.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.85 714.10 Td (be ) Tj ET Q q 0 0 0 rg BT 334.23 714.10 Td (invalid, ) Tj ET Q q 0 0 0 rg BT 367.44 714.10 Td (or ) Tj ET Q q 0 0 0 rg BT 378.70 714.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 393.85 714.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.01 714.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 452.48 714.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 479.30 714.10 Td (are ) Tj ET Q q 0 0 0 rg BT 494.45 714.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 542.36 714.10 Td (to ) Tj ET Q q 0 0 0 rg BT 553.08 714.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.10 Td (taxable. ) Tj ET Q q 0 0 0 rg BT 83.62 702.10 Td (In ) Tj ET Q q 0 0 0 rg BT 94.69 702.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.65 702.10 Td (event ) Tj ET Q q 0 0 0 rg BT 134.05 702.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.12 702.10 Td (a ) Tj ET Q q 0 0 0 rg BT 152.30 702.10 Td (mandatory ) Tj ET Q q 0 0 0 rg BT 197.81 702.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 246.09 702.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.17 702.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.13 702.10 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 301.26 702.10 Td (we ) Tj ET Q q 0 0 0 rg BT 315.67 702.10 Td (will ) Tj ET Q q 0 0 0 rg BT 333.96 702.10 Td (have ) Tj ET Q q 0 0 0 rg BT 355.58 702.10 Td (an ) Tj ET Q q 0 0 0 rg BT 367.77 702.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 411.06 702.10 Td (under ) Tj ET Q q 0 0 0 rg BT 436.57 702.10 Td (each ) Tj ET Q q 0 0 0 rg BT 457.63 702.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 500.91 702.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 520.87 702.10 Td (agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 690.10 Td (prepay ) Tj ET Q q 0 0 0 rg BT 89.49 690.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.20 690.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 147.23 690.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 166.95 690.10 Td (in ) Tj ET Q q 0 0 0 rg BT 177.23 690.10 Td (order ) Tj ET Q q 0 0 0 rg BT 200.83 690.10 Td (to ) Tj ET Q q 0 0 0 rg BT 211.11 690.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 231.94 690.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.65 690.10 Td (redemption.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 672.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 672.10 Td (ax-Exempt ) Tj ET Q q 0 0 0 rg BT 104.73 672.10 Td (V) Tj ET Q q 0 0 0 rg BT 111.04 672.10 Td (ariable Rate Demand Bonds due 2043 \("V) Tj ET Q q 0 0 0 rg BT 289.57 672.10 Td (ariable Rate Bonds"\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 654.10 Td (In ) Tj ET Q q 0 0 0 rg BT 73.57 654.10 Td (July ) Tj ET Q q 0 0 0 rg BT 93.49 654.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 116.73 654.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.41 654.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 160.16 654.10 Td (we ) Tj ET Q q 0 0 0 rg BT 175.06 654.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.30 654.10 Td ($22 ) Tj ET Q q 0 0 0 rg BT 221.55 654.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.44 654.10 Td ( ) Tj ET Q q 0 0 0 rg BT 253.68 654.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.37 654.10 Td ($12 ) Tj ET Q q 0 0 0 rg BT 289.61 654.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.50 654.10 Td (, ) Tj ET Q q 0 0 0 rg BT 324.24 654.10 Td (respectively ) Tj ET Q q 0 0 0 rg BT 375.80 654.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.37 654.10 Td (tax-exempt ) Tj ET Q q 0 0 0 rg BT 435.60 654.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 476.59 654.10 Td (variable-rate ) Tj ET Q q 0 0 0 rg BT 530.35 654.10 Td (demand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 642.10 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 78.46 642.10 Td (which ) Tj ET Q q 0 0 0 rg BT 104.96 642.10 Td (were ) Tj ET Q q 0 0 0 rg BT 126.46 642.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 159.06 642.10 Td (by ) Tj ET Q q 0 0 0 rg BT 171.13 642.10 Td (a ) Tj ET Q q 0 0 0 rg BT 177.64 642.10 Td (letter ) Tj ET Q q 0 0 0 rg BT 200.24 642.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.64 642.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 235.47 642.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 262.54 642.10 Td (under ) Tj ET Q q 0 0 0 rg BT 287.37 642.10 Td (our ) Tj ET Q q 0 0 0 rg BT 302.77 642.10 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 346.50 642.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 373.57 642.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 406.18 642.10 Td (and ) Tj ET Q q 0 0 0 rg BT 422.69 642.10 Td (had ) Tj ET Q q 0 0 0 rg BT 439.19 642.10 Td (a ) Tj ET Q q 0 0 0 rg BT 445.70 642.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 481.65 642.10 Td (date ) Tj ET Q q 0 0 0 rg BT 500.37 642.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.77 642.10 Td (July1, ) Tj ET Q q 0 0 0 rg BT 539.50 642.10 Td (2043. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 630.10 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 88.60 630.10 Td (from ) Tj ET Q q 0 0 0 rg BT 110.54 630.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.25 630.10 Td (of) Tj ET Q q 0 0 0 rg BT 133.40 630.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 159.78 630.10 Td (were ) Tj ET Q q 0 0 0 rg BT 181.71 630.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 214.20 630.10 Td (to ) Tj ET Q q 0 0 0 rg BT 224.48 630.10 Td (refinance ) Tj ET Q q 0 0 0 rg BT 264.17 630.10 Td (project ) Tj ET Q q 0 0 0 rg BT 294.43 630.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 314.15 630.10 Td (at ) Tj ET Q q 0 0 0 rg BT 323.87 630.10 Td (our ) Tj ET Q q 0 0 0 rg BT 339.70 630.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 380.32 630.10 Td (V) Tj ET Q q 0 0 0 rg BT 386.44 630.10 Td (alley ) Tj ET Q q 0 0 0 rg BT 408.37 630.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 439.19 630.10 Td (due ) Tj ET Q q 0 0 0 rg BT 456.13 630.10 Td (through ) Tj ET Q q 0 0 0 rg BT 489.74 630.10 Td (July ) Tj ET Q q 0 0 0 rg BT 508.91 630.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 518.91 630.10 Td (2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 612.10 Td (In ) Tj ET Q q 0 0 0 rg BT 72.55 612.10 Td (August ) Tj ET Q q 0 0 0 rg BT 104.28 612.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 129.62 612.10 Td (we ) Tj ET Q q 0 0 0 rg BT 144.13 612.10 Td (refinanced ) Tj ET Q q 0 0 0 rg BT 189.16 612.10 Td (the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.88 612.10 Td ($34 ) Tj ET Q q 0 0 0 rg BT 221.72 612.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.61 612.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.29 612.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 313.59 612.10 Td (V) Tj ET Q q 0 0 0 rg BT 319.70 612.10 Td (ariable ) Tj ET Q q 0 0 0 rg BT 349.75 612.10 Td (Rate ) Tj ET Q q 0 0 0 rg BT 370.92 612.10 Td (Bonds ) Tj ET Q q 0 0 0 rg BT 399.32 612.10 Td (with ) Tj ET Q q 0 0 0 rg BT 419.94 612.10 Td (a ) Tj ET Q q 0 0 0 rg BT 427.23 612.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 458.96 612.10 Td (of ) Tj ET Q q 0 0 0 rg BT 470.13 612.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.19 612.10 Td (net ) Tj ET Q q 0 0 0 rg BT 500.25 612.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 538.63 612.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 612.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.10 Td ($40 ) Tj ET Q q 0 0 0 rg BT 67.50 600.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.39 600.10 Td ( ) Tj ET Q q 0 0 0 rg BT 98.89 600.10 Td (Pennsylvania ) Tj ET Q q 0 0 0 rg BT 154.72 600.10 Td (Series ) Tj ET Q q 0 0 0 rg BT 181.66 600.10 Td (2015A) Tj ET Q q 0 0 0 rg BT 208.33 600.10 Td ( ) Tj ET Q q 0 0 0 rg BT 210.83 600.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 237.22 600.10 Td (due ) Tj ET Q q 0 0 0 rg BT 254.16 600.10 Td (2043. ) Tj ET Q q 0 0 0 rg BT 279.16 600.10 Td (See) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 293.59 600.10 Td (4.00% ) Tj ET Q q 0 0 0 rg BT 324.42 600.10 Td (- ) Tj ET Q q 0 0 0 rg BT 330.25 600.10 Td (5.25% ) Tj ET Q q 0 0 0 rg BT 358.58 600.10 Td (T) Tj ET Q q 0 0 0 rg BT 363.23 600.10 Td (ax-Exempt ) Tj ET Q q 0 0 0 rg BT 408.48 600.10 Td (Bonds ) Tj ET Q q 0 0 0 rg BT 435.98 600.10 Td (due ) Tj ET Q q 0 0 0 rg BT 452.92 600.10 Td (fr) Tj ET Q q 0 0 0 rg BT 459.22 600.10 Td (om ) Tj ET Q q 0 0 0 rg BT 473.94 600.10 Td (2024-2045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.27 600.10 Td (above.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 585.10 Td (Union ) Tj ET Q q 0 0 0 rg BT 78.62 585.10 Td (County ) Tj ET Q q 0 0 0 rg BT 112.80 585.10 Td (EfW) Tj ET Q q 0 0 0 rg BT 132.62 585.10 Td ( ) Tj ET Q q 0 0 0 rg BT 135.12 585.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 169.29 585.10 Td (Lease ) Tj ET Q q 0 0 0 rg BT 195.67 585.10 Td (Arrangement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 570.10 Td (In ) Tj ET Q q 0 0 0 rg BT 73.32 570.10 Td (June ) Tj ET Q q 0 0 0 rg BT 94.64 570.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 120.13 570.10 Td (we ) Tj ET Q q 0 0 0 rg BT 134.77 570.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 173.86 570.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.06 570.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 212.03 570.10 Td (term ) Tj ET Q q 0 0 0 rg BT 233.35 570.10 Td (related ) Tj ET Q q 0 0 0 rg BT 263.54 570.10 Td (to ) Tj ET Q q 0 0 0 rg BT 274.30 570.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.51 570.10 Td (Union ) Tj ET Q q 0 0 0 rg BT 317.50 570.10 Td (County ) Tj ET Q q 0 0 0 rg BT 349.93 570.10 Td (EfW) Tj ET Q q 0 0 0 rg BT 368.63 570.10 Td ( ) Tj ET Q q 0 0 0 rg BT 371.62 570.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 402.93 570.10 Td (through ) Tj ET Q q 0 0 0 rg BT 437.02 570.10 Td (2053, ) Tj ET Q q 0 0 0 rg BT 462.51 570.10 Td (which ) Tj ET Q q 0 0 0 rg BT 489.94 570.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 524.58 570.10 Td (in ) Tj ET Q q 0 0 0 rg BT 535.35 570.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 558.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 72.42 558.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 112.61 558.10 Td (for ) Tj ET Q q 0 0 0 rg BT 126.70 558.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.34 558.10 Td (revised ) Tj ET Q q 0 0 0 rg BT 172.65 558.10 Td (lease. ) Tj ET Q q 0 0 0 rg BT 197.39 558.10 Td (W) Tj ET Q q 0 0 0 rg BT 206.03 558.10 Td (e ) Tj ET Q q 0 0 0 rg BT 212.90 558.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 250.30 558.10 Td (a ) Tj ET Q q 0 0 0 rg BT 257.17 558.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 279.59 558.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 313.13 558.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.89 558.10 Td ($104 ) Tj ET Q q 0 0 0 rg BT 346.32 558.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.21 558.10 Td (, ) Tj ET Q q 0 0 0 rg BT 380.14 558.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 423.10 558.10 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 458.86 558.10 Td (an ) Tj ET Q q 0 0 0 rg BT 470.73 558.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 520.36 558.10 Td (borrowing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 546.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 67.44 546.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.22 546.10 Td (5.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.05 546.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.50 546.10 Td (which ) Tj ET Q q 0 0 0 rg BT 128.39 546.10 Td (is ) Tj ET Q q 0 0 0 rg BT 137.51 546.10 Td (included ) Tj ET Q q 0 0 0 rg BT 174.39 546.10 Td (in ) Tj ET Q q 0 0 0 rg BT 184.62 546.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 226.51 546.10 Td (project ) Tj ET Q q 0 0 0 rg BT 256.72 546.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 276.39 546.10 Td (on ) Tj ET Q q 0 0 0 rg BT 288.84 546.10 Td (our ) Tj ET Q q 0 0 0 rg BT 304.62 546.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 357.62 546.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 390.60 546.10 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 415.92 546.10 Td (The ) Tj ET Q q 0 0 0 rg BT 433.92 546.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 456.36 546.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 492.13 546.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 521.79 546.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 553.68 546.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 534.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 94.12 534.10 Td (rentals ) Tj ET Q q 0 0 0 rg BT 122.68 534.10 Td (based ) Tj ET Q q 0 0 0 rg BT 147.36 534.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 169.27 534.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 191.17 534.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 243.60 534.10 Td (as ) Tj ET Q q 0 0 0 rg BT 253.84 534.10 Td (either ) Tj ET Q q 0 0 0 rg BT 278.51 534.10 Td (a ) Tj ET Q q 0 0 0 rg BT 284.86 534.10 Td (share ) Tj ET Q q 0 0 0 rg BT 307.87 534.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.10 534.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 351.66 534.10 Td (or ) Tj ET Q q 0 0 0 rg BT 361.90 534.10 Td (a ) Tj ET Q q 0 0 0 rg BT 368.24 534.10 Td (share ) Tj ET Q q 0 0 0 rg BT 391.25 534.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.49 534.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 423.39 534.10 Td (profits. ) Tj ET Q q 0 0 0 rg BT 453.77 534.10 Td (These ) Tj ET Q q 0 0 0 rg BT 479.56 534.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 523.68 534.10 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 522.10 Td (have ) Tj ET Q q 0 0 0 rg BT 71.62 522.10 Td (been ) Tj ET Q q 0 0 0 rg BT 93.23 522.10 Td (excluded ) Tj ET Q q 0 0 0 rg BT 132.07 522.10 Td (from ) Tj ET Q q 0 0 0 rg BT 154.24 522.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.20 522.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 215.81 522.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.88 522.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.83 522.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 264.56 522.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 298.40 522.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.58 522.10 Td (instead ) Tj ET Q q 0 0 0 rg BT 346.65 522.10 Td (will ) Tj ET Q q 0 0 0 rg BT 364.94 522.10 Td (be ) Tj ET Q q 0 0 0 rg BT 377.12 522.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 407.06 522.10 Td (as ) Tj ET Q q 0 0 0 rg BT 418.13 522.10 Td (a ) Tj ET Q q 0 0 0 rg BT 425.31 522.10 Td (period ) Tj ET Q q 0 0 0 rg BT 453.59 522.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 488.54 522.10 Td (when ) Tj ET Q q 0 0 0 rg BT 512.94 522.10 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 550.89 522.10 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 510.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.97 510.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 119.70 510.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.70 510.10 Td (, ) Tj ET Q q 0 0 0 rg BT 144.85 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.71 510.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 209.02 510.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 257.21 510.10 Td (under ) Tj ET Q q 0 0 0 rg BT 282.62 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.49 510.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 326.78 510.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 349.41 510.10 Td (have ) Tj ET Q q 0 0 0 rg BT 370.93 510.10 Td (mandatory ) Tj ET Q q 0 0 0 rg BT 416.34 510.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 469.52 510.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 510.49 510.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 553.67 510.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 498.10 Td (follows ) Tj ET Q q 0 0 0 rg BT 82.50 498.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 96.11 498.10 Td (millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 463.60 215.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 463.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 463.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 463.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 463.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 463.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 463.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 463.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 463.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 463.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 463.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 463.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 463.60 48.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 463.6 m 313.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 463.6 m 362.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 463.6 m 411.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 463.6 m 460.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 463.6 m 509.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 463.6 m 561.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 463.6 m 313.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 463.6 m 362.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 463.6 m 411.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 463.6 m 460.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 463.6 m 509.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 463.6 m 561.5 463.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 281.50 468.05 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 330.50 468.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 379.50 468.05 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 428.50 468.05 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.50 468.05 Td (2021) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.40 468.05 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.95 453.27 Td (Annual Remaining Amortization) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 271.00 453.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.50 453.06 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.00 453.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.50 453.06 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 453.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.50 453.06 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.00 453.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.50 453.06 Td (6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.00 453.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 501.50 453.06 Td (6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 516.00 453.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 453.06 Td (72) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 416.10 Td (Equipment Financing Capital Lease ) Tj ET Q q 0 0 0 rg BT 206.14 416.10 Td (Arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 398.10 Td (In ) Tj ET Q q 0 0 0 rg BT 69.70 398.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 94.58 398.10 Td (we ) Tj ET Q q 0 0 0 rg BT 108.61 398.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 140.41 398.10 Td (into ) Tj ET Q q 0 0 0 rg BT 158.34 398.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 202.92 398.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 243.06 398.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 272.08 398.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 294.44 398.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 350.67 398.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.83 398.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 392.62 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.21 398.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 445.12 398.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.83 398.10 Td (bar) Tj ET Q q 0 0 0 rg BT 468.41 398.10 Td (ges, ) Tj ET Q q 0 0 0 rg BT 486.62 398.10 Td (railcars, ) Tj ET Q q 0 0 0 rg BT 520.91 398.10 Td (containers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.05 386.10 Td (intermodal ) Tj ET Q q 0 0 0 rg BT 112.97 386.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 157.79 386.10 Td (related ) Tj ET Q q 0 0 0 rg BT 187.60 386.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.99 386.10 Td (our ) Tj ET Q q 0 0 0 rg BT 213.93 386.10 Td (New ) Tj ET Q q 0 0 0 rg BT 235.03 386.10 Td (Y) Tj ET Q q 0 0 0 rg BT 241.25 386.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 257.19 386.10 Td (City ) Tj ET Q q 0 0 0 rg BT 277.02 386.10 Td (contract. ) Tj ET Q q 0 0 0 rg BT 314.14 386.10 Td (The ) Tj ET Q q 0 0 0 rg BT 332.30 386.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 354.89 386.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 379.71 386.10 Td (range ) Tj ET Q q 0 0 0 rg BT 404.53 386.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.57 386.10 Td (10 ) Tj ET Q q 0 0 0 rg BT 439.18 386.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.28 386.10 Td ( ) Tj ET Q q 0 0 0 rg BT 462.89 386.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.27 386.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 485.88 386.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.98 386.10 Td ( ) Tj ET Q q 0 0 0 rg BT 509.59 386.10 Td (and ) Tj ET Q q 0 0 0 rg BT 526.63 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.46 386.10 Td (fixed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 81.75 374.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 102.94 374.10 Td (range ) Tj ET Q q 0 0 0 rg BT 127.47 374.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.22 374.10 Td (3.48%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.05 374.10 Td ( ) Tj ET Q q 0 0 0 rg BT 177.37 374.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.46 374.10 Td (4.52%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.29 374.10 Td (. ) Tj ET Q q 0 0 0 rg BT 217.94 374.10 Td (The ) Tj ET Q q 0 0 0 rg BT 235.80 374.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 284.78 374.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 332.65 374.10 Td (under ) Tj ET Q q 0 0 0 rg BT 357.73 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.27 374.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 416.79 374.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 456.87 374.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 485.84 374.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 508.14 374.10 Td (arrangements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.93 362.10 Td ($69 ) Tj ET Q q 0 0 0 rg BT 89.43 362.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.32 362.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.82 362.10 Td (as ) Tj ET Q q 0 0 0 rg BT 131.65 362.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.48 362.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 201.06 362.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.06 362.10 Td (, ) Tj ET Q q 0 0 0 rg BT 226.06 362.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.00 362.10 Td (have ) Tj ET Q q 0 0 0 rg BT 264.38 362.10 Td (mandatory ) Tj ET Q q 0 0 0 rg BT 309.64 362.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 362.68 362.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 403.51 362.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 446.55 362.10 Td (as ) Tj ET Q q 0 0 0 rg BT 457.38 362.10 Td (follows ) Tj ET Q q 0 0 0 rg BT 489.88 362.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 503.49 362.10 Td (millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 330.60 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 330.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.50 330.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 330.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 330.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 330.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 330.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 330.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 330.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 330.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 330.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 330.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 330.60 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 330.6 m 276.5 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 330.6 m 333.5 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 330.6 m 390.5 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 330.6 m 447.5 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 330.6 m 504.5 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 330.6 m 561.5 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 330.6 m 276.5 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 330.6 m 333.5 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 330.6 m 390.5 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 330.6 m 447.5 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 330.6 m 504.5 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 330.6 m 561.5 330.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 240.50 335.05 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 297.50 335.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 354.50 335.05 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.50 335.05 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.50 335.05 Td (2021) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 513.90 335.05 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 320.27 Td (Annual Remaining Amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.00 320.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.65 320.27 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.00 320.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 320.27 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 320.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 320.27 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.00 320.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 320.27 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 320.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 320.27 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 320.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 320.27 Td (44) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 292.10 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 114.00 292.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 158.46 292.10 Td (with ) Tj ET Q q 0 0 0 rg BT 179.60 292.10 Td (these ) Tj ET Q q 0 0 0 rg BT 203.50 292.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 233.51 292.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 256.86 292.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 314.08 292.10 Td (is ) Tj ET Q q 0 0 0 rg BT 324.11 292.10 Td (included ) Tj ET Q q 0 0 0 rg BT 361.91 292.10 Td (in ) Tj ET Q q 0 0 0 rg BT 373.05 292.10 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 428.05 292.10 Td (and ) Tj ET Q q 0 0 0 rg BT 445.85 292.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 499.75 292.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 535.31 292.10 Td (on ) Tj ET Q q 0 0 0 rg BT 548.68 292.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 102.42 280.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 142.62 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.82 280.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 198.85 280.10 Td (For ) Tj ET Q q 0 0 0 rg BT 214.62 280.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 256.49 280.10 Td (information ) Tj ET Q q 0 0 0 rg BT 305.58 280.10 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 320.22 280.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 340.98 280.10 Td (1.) 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301.00 150.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 150.60 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.00 150.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 150.60 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 150.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 150.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 150.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 150.60 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 150.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 150.60 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 150.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 150.60 50.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 190.60000000000002 m 223 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 190.60000000000002 m 262 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 190.60000000000002 m 301 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 190.60000000000002 m 340 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 190.60000000000002 m 379 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 190.60000000000002 m 428 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 190.60000000000002 m 467 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 190.60000000000002 m 506 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 190.60000000000002 m 560 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 190.60000000000002 m 223 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 190.60000000000002 m 262 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 190.60000000000002 m 301 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 190.60000000000002 m 340 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 190.60000000000002 m 379 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 190.60000000000002 m 428 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 190.60000000000002 m 506 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 150.60000000000002 m 223 150.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 150.60000000000002 m 262 150.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 150.60000000000002 m 301 150.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 150.60000000000002 m 340 150.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 150.60000000000002 m 379 150.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 150.60000000000002 m 428 150.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 150.60000000000002 m 467 150.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 150.60000000000002 m 506 150.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 150.60000000000002 m 560 150.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 136.60000000000002 m 223 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 134.60000000000002 m 223 134.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 136.60000000000002 m 262 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 134.60000000000002 m 262 134.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 136.60000000000002 m 301 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 134.60000000000002 m 301 134.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 136.60000000000002 m 340 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 134.60000000000002 m 340 134.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 136.60000000000002 m 379 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 134.60000000000002 m 379 134.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 136.60000000000002 m 428 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 134.60000000000002 m 428 134.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 136.60000000000002 m 467 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 134.60000000000002 m 467 134.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 136.60000000000002 m 506 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 134.60000000000002 m 506 134.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 136.60000000000002 m 560 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 134.60000000000002 m 560 134.60000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 196.00 195.05 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 235.00 195.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 274.00 195.05 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 313.00 195.05 Td (2020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 352.00 195.05 Td (2021) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.50 194.83 Td (Thereafter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.25 194.83 Td (T) Tj ET Q q 0 0 0 rg BT 444.85 194.83 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.10 210.68 Td (Less:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.05 202.68 Td (Curr) Tj ET Q q 0 0 0 rg BT 491.23 202.68 Td (ent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.10 194.68 Td (Portion) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.75 210.68 Td (T) Tj ET Q q 0 0 0 rg BT 530.35 210.68 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.55 202.68 Td (Noncurr) Tj ET Q q 0 0 0 rg BT 543.73 202.68 Td (ent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.90 194.68 Td (Pr) Tj ET Q q 0 0 0 rg BT 521.19 194.68 Td (ojectDebt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 180.27 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.50 180.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.15 180.27 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.50 180.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 180.27 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.50 180.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.15 180.27 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.50 180.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.15 180.27 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.50 180.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.10 180.27 Td (144) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.50 180.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg 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0 0 0 rg BT 503.53 629.10 Td (toward ) Tj ET Q q 0 0 0 rg BT 534.18 629.10 Td (facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 83.45 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.17 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 110.24 617.10 Td (satisfy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.85 617.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 151.14 617.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.03 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 192.60 617.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 238.76 617.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 261.05 617.10 Td (which ) Tj ET Q q 0 0 0 rg BT 287.78 617.10 Td (will ) Tj ET Q q 0 0 0 rg BT 305.63 617.10 Td (be ) Tj ET Q q 0 0 0 rg BT 317.36 617.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 352.95 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 369.68 617.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 411.95 617.10 Td (over ) Tj ET Q q 0 0 0 rg BT 432.01 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.52 617.10 Td (term ) Tj ET Q q 0 0 0 rg BT 467.13 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.75 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.26 617.10 Td (bonds. ) Tj ET Q q 0 0 0 rg BT 520.77 617.10 Td (The ) Tj ET Q q 0 0 0 rg BT 538.61 617.10 Td (bonds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 68.60 605.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 99.93 605.10 Td (from) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.87 605.10 Td (4.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.70 605.10 Td (to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.48 605.10 Td (5.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.31 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.14 605.10 Td (have ) Tj ET Q q 0 0 0 rg BT 225.92 605.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 267.80 605.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 296.35 605.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 336.57 605.10 Td (with ) Tj ET Q q 0 0 0 rg BT 356.25 605.10 Td (final ) Tj ET Q q 0 0 0 rg BT 376.47 605.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 412.24 605.10 Td (on ) Tj ET Q q 0 0 0 rg BT 424.14 605.10 Td (May ) Tj ET Q q 0 0 0 rg BT 444.37 605.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 453.76 605.10 Td (2035. ) Tj ET Q q 0 0 0 rg BT 478.16 605.10 Td (Consistent ) Tj ET Q q 0 0 0 rg BT 522.28 605.10 Td (with ) Tj ET Q q 0 0 0 rg BT 541.96 605.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (service ) Tj ET Q q 0 0 0 rg BT 80.52 593.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 95.43 593.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 129.79 593.10 Td (we ) Tj ET Q q 0 0 0 rg BT 144.16 593.10 Td (own ) Tj ET Q q 0 0 0 rg BT 164.08 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.23 593.10 Td (have ) Tj ET Q q 0 0 0 rg BT 202.81 593.10 Td (project ) Tj ET Q q 0 0 0 rg BT 233.28 593.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 253.20 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 263.68 593.10 Td (place, ) Tj ET Q q 0 0 0 rg BT 289.98 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.91 593.10 Td (client ) Tj ET Q q 0 0 0 rg BT 329.82 593.10 Td (community ) Tj ET Q q 0 0 0 rg BT 378.08 593.10 Td (will ) Tj ET Q q 0 0 0 rg BT 396.34 593.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 413.48 593.10 Td (us ) Tj ET Q q 0 0 0 rg BT 425.08 593.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 445.00 593.10 Td (service ) Tj ET Q q 0 0 0 rg BT 476.02 593.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 510.37 593.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 554.73 593.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 581.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 102.26 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.20 581.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 151.13 581.10 Td (on ) Tj ET Q q 0 0 0 rg BT 163.63 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.35 581.10 Td (bonds.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 563.10 Td (Dublin Pr) Tj ET Q q 0 0 0 rg BT 91.83 563.10 Td (oject Financing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 545.10 Td (During ) Tj ET Q q 0 0 0 rg BT 89.58 545.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 114.82 545.10 Td (we ) Tj ET Q q 0 0 0 rg BT 129.23 545.10 Td (executed ) Tj ET Q q 0 0 0 rg BT 167.50 545.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 215.78 545.10 Td (for ) Tj ET Q q 0 0 0 rg BT 230.19 545.10 Td (project ) Tj ET Q q 0 0 0 rg BT 260.70 545.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 301.21 545.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.50 545.10 Td (375 ) Tj ET Q q 0 0 0 rg BT 357.25 545.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.14 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 388.89 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.41 545.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 420.49 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 427.67 545.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 464.30 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.37 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.34 545.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 542.52 545.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.55 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.49 533.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 102.99 533.10 Td (EfW) Tj ET Q q 0 0 0 rg BT 121.69 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.41 533.10 Td (facility) Tj ET Q q 0 0 0 rg BT 151.08 533.10 Td (. ) Tj ET Q q 0 0 0 rg BT 155.17 533.10 Td (The ) Tj ET Q q 0 0 0 rg BT 172.44 533.10 Td (project ) Tj ET Q q 0 0 0 rg BT 201.93 533.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 241.41 533.10 Td (package ) Tj ET Q q 0 0 0 rg BT 275.89 533.10 Td (includes: ) Tj ET Q q 0 0 0 rg BT 313.71 533.10 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.87 533.10 Td (300 ) Tj ET Q q 0 0 0 rg BT 346.59 533.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.48 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 377.21 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.26 533.10 Td (project ) Tj ET Q q 0 0 0 rg BT 416.74 533.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 435.68 533.10 Td (under ) Tj ET Q q 0 0 0 rg BT 460.17 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 466.33 533.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 490.81 533.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 520.85 533.10 Td (agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.28 521.10 Td (various ) Tj ET Q q 0 0 0 rg BT 102.73 521.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 134.61 521.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 153.16 521.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 188.38 521.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 215.72 521.10 Td (Agreement\), ) Tj ET Q q 0 0 0 rg BT 273.41 521.10 Td (which ) Tj ET Q q 0 0 0 rg BT 300.86 521.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 335.53 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.86 521.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.31 521.10 Td (250 ) Tj ET Q q 0 0 0 rg BT 377.31 521.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.20 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 409.21 521.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 436.65 521.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 470.19 521.10 Td (term ) Tj ET Q q 0 0 0 rg BT 491.52 521.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 511.74 521.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 530.29 521.10 Td (Dublin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 77.92 509.10 Td (T) Tj ET Q q 0 0 0 rg BT 83.33 509.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 101.38 509.10 Td (Loan\) ) Tj ET Q q 0 0 0 rg BT 132.19 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.12 509.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.05 509.10 Td (50 ) Tj ET Q q 0 0 0 rg BT 173.55 509.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.44 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 204.94 509.10 Td (second ) Tj ET Q q 0 0 0 rg BT 235.20 509.10 Td (lien ) Tj ET Q q 0 0 0 rg BT 252.69 509.10 Td (term ) Tj ET Q q 0 0 0 rg BT 273.51 509.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 293.22 509.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 311.26 509.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 345.98 509.10 Td (Junior ) Tj ET Q q 0 0 0 rg BT 373.29 509.10 Td (T) Tj ET Q q 0 0 0 rg BT 378.70 509.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 396.74 509.10 Td (Loan\), ) Tj ET Q q 0 0 0 rg BT 430.05 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.99 509.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 461.70 509.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.63 509.10 Td (75 ) Tj ET Q q 0 0 0 rg BT 486.13 509.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.02 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 517.51 509.10 Td (convertible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 87.69 497.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 133.13 497.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 150.24 497.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 184.01 497.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 232.78 497.10 Td (Preferred\), ) Tj ET Q q 0 0 0 rg BT 281.80 497.10 Td (which ) Tj ET Q q 0 0 0 rg BT 307.80 497.10 Td (was ) Tj ET Q q 0 0 0 rg BT 324.91 497.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 369.24 497.10 Td (by ) Tj ET Q q 0 0 0 rg BT 380.79 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 386.79 497.10 Td (leading ) Tj ET Q q 0 0 0 rg BT 417.78 497.10 Td (global ) Tj ET Q q 0 0 0 rg BT 444.33 497.10 Td (ener) Tj ET Q q 0 0 0 rg BT 461.36 497.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 472.92 497.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 528.34 497.10 Td (investor) Tj ET Q q 0 0 0 rg BT 560.00 497.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (For ) Tj ET Q q 0 0 0 rg BT 65.89 485.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 108.38 485.10 Td (information ) Tj ET Q q 0 0 0 rg BT 158.09 485.10 Td (related ) Tj ET Q q 0 0 0 rg BT 187.80 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.07 485.10 Td (this ) Tj ET Q q 0 0 0 rg BT 215.02 485.10 Td (project, ) Tj ET Q q 0 0 0 rg BT 247.79 485.10 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 263.05 485.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 284.44 485.10 Td (3.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 291.94 485.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 294.44 485.10 Td (New ) Tj ET Q q 0 0 0 rg BT 314.72 485.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 352.22 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 369.54 485.10 Td (Asset ) Tj ET Q q 0 0 0 rg BT 393.15 485.10 Td (Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.35 485.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 58.50 467.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 89.90 467.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 119.63 467.10 Td (T) Tj ET Q q 0 0 0 rg BT 124.82 467.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 143.43 467.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 167.60 467.10 Td (due ) Tj ET Q q 0 0 0 rg BT 185.10 467.10 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 449.10 Td (As ) Tj ET Q q 0 0 0 rg BT 72.52 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 83.76 449.10 Td (December ) Tj ET Q q 0 0 0 rg BT 127.76 449.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 143.17 449.10 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.58 449.10 Td ($155 ) Tj ET Q q 0 0 0 rg BT 191.49 449.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.38 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 223.29 449.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.62 449.10 Td (147 ) Tj ET Q q 0 0 0 rg BT 249.53 449.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.42 449.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 284.66 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.90 449.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.03 449.10 Td (250 ) Tj ET Q q 0 0 0 rg BT 333.94 449.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.83 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 365.74 449.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 396.43 449.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 425.24 449.10 Td (T) Tj ET Q q 0 0 0 rg BT 430.65 449.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 449.10 449.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 472.56 449.10 Td (has ) Tj ET Q q 0 0 0 rg BT 488.80 449.10 Td (been ) Tj ET Q q 0 0 0 rg BT 510.59 449.10 Td (drawn ) Tj ET Q q 0 0 0 rg BT 538.49 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 555.84 449.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (included ) Tj ET Q q 0 0 0 rg BT 85.94 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 95.73 437.10 Td (project ) Tj ET Q q 0 0 0 rg BT 125.51 437.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 144.74 437.10 Td (on ) Tj ET Q q 0 0 0 rg BT 156.75 437.10 Td (our ) Tj ET Q q 0 0 0 rg BT 172.09 437.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 224.64 437.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 257.18 437.10 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 282.09 437.10 Td (The ) Tj ET Q q 0 0 0 rg BT 299.65 437.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 342.20 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.54 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.76 437.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 396.55 437.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 424.53 437.10 Td (T) Tj ET Q q 0 0 0 rg BT 429.94 437.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 447.49 437.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 470.05 437.10 Td (is ) Tj ET Q q 0 0 0 rg BT 478.73 437.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 516.28 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 526.06 437.10 Td (be ) Tj ET Q q 0 0 0 rg BT 537.51 437.10 Td (drawn ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (over ) Tj ET Q q 0 0 0 rg BT 69.77 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.49 425.10 Td (course ) Tj ET Q q 0 0 0 rg BT 113.08 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.91 425.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 146.41 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.69 425.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 177.52 425.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 220.56 425.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 272.50 425.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 297.50 425.10 Td (Key ) Tj ET Q q 0 0 0 rg BT 316.66 425.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 366.36 425.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 391.07 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.90 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.62 425.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 446.90 425.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 475.33 425.10 Td (T) Tj ET Q q 0 0 0 rg BT 480.74 425.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 498.78 425.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 521.83 425.10 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 407.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 407.10 Td (Final ) Tj ET Q q 0 0 0 rg BT 90.33 407.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 126.48 407.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.75 407.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 198.79 407.10 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.79 407.10 Td ( ) Tj ET Q q 0 0 0 rg BT 221.06 407.10 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 284.42 407.10 Td (four ) Tj ET Q q 0 0 0 rg BT 303.35 407.10 Td (years ) Tj ET Q q 0 0 0 rg BT 326.73 407.10 Td (after ) Tj ET Q q 0 0 0 rg BT 347.31 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.80 407.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 407.94 407.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 455.19 407.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 520.77 407.10 Td (date ) Tj ET Q q 0 0 0 rg BT 539.70 407.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 407.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 395.10 Td (facility\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 377.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 377.10 Td (Scheduled ) Tj ET Q q 0 0 0 rg BT 111.61 377.10 Td (repayments ) Tj ET Q q 0 0 0 rg BT 160.15 377.10 Td (will ) Tj ET Q q 0 0 0 rg BT 178.16 377.10 Td (be ) Tj ET Q q 0 0 0 rg BT 190.05 377.10 Td (made ) Tj ET Q q 0 0 0 rg BT 214.16 377.10 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 273.26 377.10 Td (according ) Tj ET Q q 0 0 0 rg BT 315.13 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.36 377.10 Td (a ) Tj ET Q q 0 0 0 rg BT 332.25 377.10 Td (15-year ) Tj ET Q q 0 0 0 rg BT 365.24 377.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 418.23 377.10 Td (profile, ) Tj ET Q q 0 0 0 rg BT 449.83 377.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 492.28 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 502.51 377.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 527.28 377.10 Td (The ) Tj ET Q q 0 0 0 rg BT 545.28 377.10 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 365.10 Td (is ) Tj ET Q q 0 0 0 rg BT 76.67 365.10 Td (pre-payable ) Tj ET Q q 0 0 0 rg BT 126.36 365.10 Td (at ) Tj ET Q q 0 0 0 rg BT 136.08 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 151.91 365.10 Td (option ) Tj ET Q q 0 0 0 rg BT 179.97 365.10 Td (following ) Tj ET Q q 0 0 0 rg BT 221.35 365.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 268.83 365.10 Td (commencement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 347.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 347.10 Td (Borrowings ) Tj ET Q q 0 0 0 rg BT 117.10 347.10 Td (will ) Tj ET Q q 0 0 0 rg BT 135.03 347.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 154.62 347.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 186.43 347.10 Td (at ) Tj ET Q q 0 0 0 rg BT 196.02 347.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.61 347.10 Td (Euro ) Tj ET Q q 0 0 0 rg BT 232.43 347.10 Td (Interbank ) Tj ET Q q 0 0 0 rg BT 273.12 347.10 Td (Of) Tj ET Q q 0 0 0 rg BT 283.49 347.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 306.41 347.10 Td (Rate ) Tj ET Q q 0 0 0 rg BT 327.11 347.10 Td (\("EURIBOR"\) ) Tj ET Q q 0 0 0 rg BT 388.20 347.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 407.25 347.10 Td (an ) Tj ET Q q 0 0 0 rg BT 419.06 347.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 462.53 347.10 Td (mar) Tj ET Q q 0 0 0 rg BT 477.90 347.10 Td (gin, ) Tj ET Q q 0 0 0 rg BT 495.55 347.10 Td (which ) Tj ET Q q 0 0 0 rg BT 522.37 347.10 Td (will ) Tj ET Q q 0 0 0 rg BT 540.30 347.10 Td (range ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 335.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 335.10 Td (4.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.83 335.10 Td ( ) Tj ET Q q 0 0 0 rg BT 118.90 335.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.74 335.10 Td (4.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.57 335.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.63 335.10 Td (according ) Tj ET Q q 0 0 0 rg BT 201.12 335.10 Td (to ) Tj ET Q q 0 0 0 rg BT 211.96 335.10 Td (a ) Tj ET Q q 0 0 0 rg BT 219.47 335.10 Td (pre-determined ) Tj ET Q q 0 0 0 rg BT 283.61 335.10 Td (schedule. ) Tj ET Q q 0 0 0 rg BT 324.16 335.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 357.21 335.10 Td (on ) Tj ET Q q 0 0 0 rg BT 370.27 335.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 420.00 335.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 468.62 335.10 Td (will ) Tj ET Q q 0 0 0 rg BT 487.24 335.10 Td (be ) Tj ET Q q 0 0 0 rg BT 499.74 335.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 533.90 335.10 Td (in ) Tj ET Q q 0 0 0 rg BT 544.74 335.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 323.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 103.38 323.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 125.37 323.10 Td (to ) Tj ET Q q 0 0 0 rg BT 135.70 323.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.46 323.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 197.99 323.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 263.85 323.10 Td (date ) Tj ET Q q 0 0 0 rg BT 283.05 323.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.93 323.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.70 323.10 Td (facility) Tj ET Q q 0 0 0 rg BT 336.37 323.10 Td (, ) Tj ET Q q 0 0 0 rg BT 341.42 323.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.40 323.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 392.05 323.10 Td (in ) Tj ET Q q 0 0 0 rg BT 402.37 323.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 422.69 323.10 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 481.89 323.10 Td (after ) Tj ET Q q 0 0 0 rg BT 502.75 323.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.52 323.10 Td (operational ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 311.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 133.36 311.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 155.06 311.10 Td (based ) Tj ET Q q 0 0 0 rg BT 180.38 311.10 Td (on ) Tj ET Q q 0 0 0 rg BT 192.93 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.70 311.10 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 250.80 311.10 Td (one ) Tj ET Q q 0 0 0 rg BT 267.79 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.78 311.10 Td (six ) Tj ET Q q 0 0 0 rg BT 299.00 311.10 Td (month ) Tj ET Q q 0 0 0 rg BT 327.10 311.10 Td (EURIBOR ) Tj ET Q q 0 0 0 rg BT 373.55 311.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 397.48 311.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 445.14 311.10 Td (. ) Tj ET Q q 0 0 0 rg BT 450.19 311.10 Td (Undrawn ) Tj ET Q q 0 0 0 rg BT 489.95 311.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 546.94 311.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 299.10 Td (accrue ) Tj ET Q q 0 0 0 rg BT 96.29 299.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 149.54 299.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 168.34 299.10 Td (at ) Tj ET Q q 0 0 0 rg BT 178.26 299.10 Td (a ) Tj ET Q q 0 0 0 rg BT 185.40 299.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 203.09 299.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.12 299.10 Td (2.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.95 299.10 Td ( ) Tj ET Q q 0 0 0 rg BT 242.65 299.10 Td (per ) Tj ET Q q 0 0 0 rg BT 258.12 299.10 Td (annum. ) Tj ET Q q 0 0 0 rg BT 290.35 299.10 Td (W) Tj ET Q q 0 0 0 rg BT 298.98 299.10 Td (e ) Tj ET Q q 0 0 0 rg BT 306.13 299.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 338.25 299.10 Td (into ) Tj ET Q q 0 0 0 rg BT 356.51 299.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 388.65 299.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 406.34 299.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 429.59 299.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 477.82 299.10 Td (in ) Tj ET Q q 0 0 0 rg BT 488.31 299.10 Td (order ) Tj ET Q q 0 0 0 rg BT 512.11 299.10 Td (to ) Tj ET Q q 0 0 0 rg BT 522.59 299.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 549.17 299.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 287.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 106.58 287.10 Td (to ) Tj ET Q q 0 0 0 rg BT 117.34 287.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 150.86 287.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 186.05 287.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 218.47 287.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 236.44 287.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 286.63 287.10 Td (under ) Tj ET Q q 0 0 0 rg BT 312.38 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.58 287.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 358.34 287.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 387.22 287.10 Td (T) Tj ET Q q 0 0 0 rg BT 392.63 287.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 411.16 287.10 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 437.19 287.10 Td (For ) Tj ET Q q 0 0 0 rg BT 454.07 287.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 497.04 287.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 549.74 287.10 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 275.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 88.89 275.10 Td (13.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.39 275.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 103.89 275.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 148.59 275.10 Td (Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.81 275.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 257.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 257.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.11 257.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 114.95 257.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 142.98 257.10 Td (T) Tj ET Q q 0 0 0 rg BT 148.39 257.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 166.00 257.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 188.61 257.10 Td (is ) Tj ET Q q 0 0 0 rg BT 197.34 257.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.85 257.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 230.35 257.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 272.97 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.36 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.64 257.10 Td (project ) Tj ET Q q 0 0 0 rg BT 327.47 257.10 Td (company ) Tj ET Q q 0 0 0 rg BT 366.19 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.69 257.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 411.96 257.10 Td (other ) Tj ET Q q 0 0 0 rg BT 434.57 257.10 Td (related ) Tj ET Q q 0 0 0 rg BT 463.84 257.10 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 515.62 257.10 Td (all ) Tj ET Q q 0 0 0 rg BT 527.68 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 538.07 257.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 245.10 Td (are ) Tj ET Q q 0 0 0 rg BT 82.61 245.10 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 143.29 245.10 Td (by ) Tj ET Q q 0 0 0 rg BT 156.20 245.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 170.49 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.84 245.10 Td (is ) Tj ET Q q 0 0 0 rg BT 197.42 245.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 230.86 245.10 Td (by ) Tj ET Q q 0 0 0 rg BT 243.77 245.10 Td (a ) Tj ET Q q 0 0 0 rg BT 251.11 245.10 Td (first ) Tj ET Q q 0 0 0 rg BT 270.13 245.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 303.03 245.10 Td (lien ) Tj ET Q q 0 0 0 rg BT 320.93 245.10 Td (on ) Tj ET Q q 0 0 0 rg BT 333.84 245.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 387.30 245.10 Td (all ) Tj ET Q q 0 0 0 rg BT 400.20 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.43 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.56 245.10 Td (project-related ) Tj ET Q q 0 0 0 rg BT 487.76 245.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 516.29 245.10 Td (The ) Tj ET Q q 0 0 0 rg BT 534.74 245.10 Td (Dublin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 233.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 96.13 233.10 Td (T) Tj ET Q q 0 0 0 rg BT 101.54 233.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 119.81 233.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 143.08 233.10 Td (is ) Tj ET Q q 0 0 0 rg BT 152.47 233.10 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 207.39 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 217.89 233.10 Td (us ) Tj ET Q q 0 0 0 rg BT 229.50 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.66 233.10 Td (our ) Tj ET Q q 0 0 0 rg BT 262.71 233.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 306.54 233.10 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 342.59 233.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 361.28 233.10 Td (gy) Tj ET Q q 0 0 0 rg BT 370.63 233.10 Td (. ) Tj ET Q q 0 0 0 rg BT 375.86 233.10 Td (See ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 393.02 233.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 414.62 233.10 Td (18.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 427.12 233.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 429.84 233.10 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 487.57 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.29 233.10 Td (Contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 233.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 221.10 Td (for ) Tj ET Q q 0 0 0 rg BT 81.66 221.10 Td (a ) Tj ET Q q 0 0 0 rg BT 88.60 221.10 Td (description ) Tj ET Q q 0 0 0 rg BT 135.53 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.36 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.08 221.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 218.02 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.85 221.10 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 264.67 221.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 283.37 221.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 295.87 221.10 Td (related ) Tj ET Q q 0 0 0 rg BT 325.57 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.85 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.57 221.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 380.84 221.10 Td (project ) Tj ET Q q 0 0 0 rg BT 411.11 221.10 Td (financing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 203.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 203.10 Td (The ) Tj ET Q q 0 0 0 rg BT 84.84 203.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 114.40 203.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 140.79 203.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 187.01 203.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 222.12 203.10 Td (positive, ) Tj ET Q q 0 0 0 rg BT 258.08 203.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 293.74 203.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.97 203.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 346.74 203.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 399.05 203.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 440.83 203.10 Td (that ) Tj ET Q q 0 0 0 rg BT 457.61 203.10 Td (are ) Tj ET Q q 0 0 0 rg BT 471.61 203.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 515.05 203.10 Td (for ) Tj ET Q q 0 0 0 rg BT 528.50 203.10 Td (a ) Tj ET Q q 0 0 0 rg BT 534.73 203.10 Td (project ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 191.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 107.69 191.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.45 191.10 Td (this ) Tj ET Q q 0 0 0 rg BT 135.32 191.10 Td (type. ) Tj ET Q q 0 0 0 rg BT 157.46 191.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 175.44 191.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 203.42 191.10 Td (to ) Tj ET Q q 0 0 0 rg BT 213.62 191.10 Td (service ) Tj ET Q q 0 0 0 rg BT 244.36 191.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.00 191.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 289.21 191.10 Td (Junior ) Tj ET Q q 0 0 0 rg BT 316.46 191.10 Td (T) Tj ET Q q 0 0 0 rg BT 321.87 191.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 339.84 191.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 362.81 191.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.68 191.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.32 191.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 424.53 191.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 474.16 191.10 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 513.79 191.10 Td (and ) Tj ET Q q 0 0 0 rg BT 530.65 191.10 Td (to ) Tj ET Q q 0 0 0 rg BT 540.85 191.10 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 179.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 88.20 179.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 141.14 179.10 Td (to ) Tj ET Q q 0 0 0 rg BT 151.85 179.10 Td (common ) Tj ET Q q 0 0 0 rg BT 189.78 179.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 217.71 179.10 Td (following ) Tj ET Q q 0 0 0 rg BT 259.53 179.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.68 179.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 322.59 179.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 388.83 179.10 Td (date ) Tj ET Q q 0 0 0 rg BT 408.42 179.10 Td (is ) Tj ET Q q 0 0 0 rg BT 418.03 179.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 449.29 179.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.00 179.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 495.71 179.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 544.73 179.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 167.10 Td (these ) Tj ET Q q 0 0 0 rg BT 91.21 167.10 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 136.86 167.10 Td (including ) Tj ET Q q 0 0 0 rg BT 177.79 167.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 228.73 167.10 Td (a ) Tj ET Q q 0 0 0 rg BT 236.33 167.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 278.38 167.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 298.76 167.10 Td (service ) Tj ET Q q 0 0 0 rg BT 330.24 167.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 369.49 167.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 390.98 167.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.58 167.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 428.96 167.10 Td (life ) Tj ET Q q 0 0 0 rg BT 445.45 167.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 484.69 167.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 506.18 167.10 Td (on ) Tj ET Q q 0 0 0 rg BT 519.34 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.72 167.10 Td (Dublin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 155.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 95.93 155.10 Td (T) Tj ET Q q 0 0 0 rg BT 101.34 155.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 119.38 155.10 Td (Loan.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 58.50 137.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 89.90 137.10 Td (Junior ) Tj ET Q q 0 0 0 rg BT 120.19 137.10 Td (T) Tj ET Q q 0 0 0 rg BT 125.38 137.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 143.99 137.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 168.16 137.10 Td (due ) Tj ET Q q 0 0 0 rg BT 185.66 137.10 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 119.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.75 119.10 Td (50 ) Tj ET Q q 0 0 0 rg BT 94.45 119.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.34 119.10 Td ( ) Tj ET Q q 0 0 0 rg BT 126.04 119.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 156.51 119.10 Td (Junior ) Tj ET Q q 0 0 0 rg BT 184.02 119.10 Td (T) Tj ET Q q 0 0 0 rg BT 189.43 119.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 207.67 119.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 230.92 119.10 Td (was ) Tj ET Q q 0 0 0 rg BT 249.17 119.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 279.64 119.10 Td (into ) Tj ET Q q 0 0 0 rg BT 297.89 119.10 Td (an ) Tj ET Q q 0 0 0 rg BT 310.03 119.10 Td (escrow ) Tj ET Q q 0 0 0 rg BT 341.05 119.10 Td (account ) Tj ET Q q 0 0 0 rg BT 374.84 119.10 Td (in ) Tj ET Q q 0 0 0 rg BT 385.32 119.10 Td (September ) Tj ET Q q 0 0 0 rg BT 430.79 119.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 453.48 119.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.62 119.10 Td (was ) Tj ET Q q 0 0 0 rg BT 488.87 119.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 521.56 119.10 Td (in ) Tj ET Q q 0 0 0 rg BT 532.04 119.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 554.74 119.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 107.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 70.40 107.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 122.40 107.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 144.96 107.10 Td (as ) Tj ET Q q 0 0 0 rg BT 155.86 107.10 Td (our ) Tj ET Q q 0 0 0 rg BT 171.75 107.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 197.65 107.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 225.21 107.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 271.66 107.10 Td (into ) Tj ET Q q 0 0 0 rg BT 289.78 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.56 107.10 Td (project ) Tj ET Q q 0 0 0 rg BT 334.89 107.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.90 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.68 107.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 397.02 107.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 446.80 107.10 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 486.57 107.10 Td (were ) Tj ET Q q 0 0 0 rg BT 508.56 107.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 530.01 107.10 Td (utilized. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 95.10 Td (As ) Tj ET Q q 0 0 0 rg BT 62.79 95.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.29 95.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 131.55 95.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.55 95.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.22 95.10 Td ($58 ) Tj ET Q q 0 0 0 rg BT 173.40 95.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.29 95.10 Td ( ) Tj ET Q q 0 0 0 rg BT 204.46 95.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.79 95.10 Td (55 ) Tj ET Q q 0 0 0 rg BT 224.97 95.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.86 95.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 261.87 95.10 Td (inclusive ) Tj ET Q q 0 0 0 rg BT 300.14 95.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.65 95.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 342.26 95.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 375.51 95.10 Td (to ) Tj ET Q q 0 0 0 rg BT 385.47 95.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.86 95.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 432.56 95.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.07 95.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.46 95.10 Td (loan, ) Tj ET Q q 0 0 0 rg BT 479.35 95.10 Td (is ) Tj ET Q q 0 0 0 rg BT 488.19 95.10 Td (included ) Tj ET Q q 0 0 0 rg BT 524.80 95.10 Td (in ) Tj ET Q q 0 0 0 rg BT 534.76 95.10 Td (project ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 83.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 69.22 83.10 Td (on ) Tj ET Q q 0 0 0 rg BT 81.72 83.10 Td (our ) Tj ET Q q 0 0 0 rg BT 97.55 83.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 150.59 83.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 183.62 83.10 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 209.17 83.10 Td (Key ) Tj ET Q q 0 0 0 rg BT 228.33 83.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 278.03 83.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 302.74 83.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.57 83.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.29 83.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 358.57 83.10 Td (Junior ) Tj ET Q q 0 0 0 rg BT 385.89 83.10 Td (T) Tj ET Q q 0 0 0 rg BT 391.30 83.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 409.34 83.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 432.39 83.10 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 65.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 65.10 Td (Final ) Tj ET Q q 0 0 0 rg BT 90.56 65.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 126.94 65.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.44 65.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 183.04 65.10 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.04 65.10 Td ( ) Tj ET Q q 0 0 0 rg BT 205.54 65.10 Td (\(six ) Tj ET Q q 0 0 0 rg BT 223.04 65.10 Td (months ) Tj ET Q q 0 0 0 rg BT 254.99 65.10 Td (after ) Tj ET Q q 0 0 0 rg BT 275.80 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.52 65.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 326.90 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.73 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.45 65.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 382.72 65.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 411.15 65.10 Td (T) Tj ET Q q 0 0 0 rg BT 416.56 65.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 434.61 65.10 Td (Loan\). ) Tj ET Q endstream endobj 187 0 obj <>] /Rotate 0 /Contents 188 0 R>> endobj 188 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 731.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 731.10 Td (Scheduled ) Tj ET Q q 0 0 0 rg BT 111.61 731.10 Td (repayments ) Tj ET Q q 0 0 0 rg BT 160.15 731.10 Td (will ) Tj ET Q q 0 0 0 rg BT 178.16 731.10 Td (be ) Tj ET Q q 0 0 0 rg BT 190.05 731.10 Td (made ) Tj ET Q q 0 0 0 rg BT 214.16 731.10 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 273.26 731.10 Td (according ) Tj ET Q q 0 0 0 rg BT 315.13 731.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.36 731.10 Td (a ) Tj ET Q q 0 0 0 rg BT 332.25 731.10 Td (15-year ) Tj ET Q q 0 0 0 rg BT 365.24 731.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 418.23 731.10 Td (profile, ) Tj ET Q q 0 0 0 rg BT 449.83 731.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 492.28 731.10 Td (in ) Tj ET Q q 0 0 0 rg BT 502.51 731.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 527.28 731.10 Td (The ) Tj ET Q q 0 0 0 rg BT 545.28 731.10 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 719.10 Td (is ) Tj ET Q q 0 0 0 rg BT 76.67 719.10 Td (pre-payable ) Tj ET Q q 0 0 0 rg BT 126.36 719.10 Td (at ) Tj ET Q q 0 0 0 rg BT 136.08 719.10 Td (our ) Tj ET Q q 0 0 0 rg BT 151.91 719.10 Td (option ) Tj ET Q q 0 0 0 rg BT 179.97 719.10 Td (following ) Tj ET Q q 0 0 0 rg BT 221.35 719.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 268.83 719.10 Td (commencement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 701.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 701.10 Td (Borrowings ) Tj ET Q q 0 0 0 rg BT 117.18 701.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 136.84 701.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 168.73 701.10 Td (at ) Tj ET Q q 0 0 0 rg BT 178.41 701.10 Td (a ) Tj ET Q q 0 0 0 rg BT 185.31 701.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 208.31 701.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 225.75 701.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.54 701.10 Td (5.23%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.37 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 264.83 701.10 Td (during ) Tj ET Q q 0 0 0 rg BT 293.39 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.07 701.10 Td (first ) Tj ET Q q 0 0 0 rg BT 326.63 701.10 Td (six ) Tj ET Q q 0 0 0 rg BT 340.76 701.10 Td (months ) Tj ET Q q 0 0 0 rg BT 372.67 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.45 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.13 701.10 Td (loan, ) Tj ET Q q 0 0 0 rg BT 420.30 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 437.20 701.10 Td (thereafter ) Tj ET Q q 0 0 0 rg BT 477.96 701.10 Td (at ) Tj ET Q q 0 0 0 rg BT 487.63 701.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 510.64 701.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 531.97 701.10 Td (ranging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 689.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.56 689.10 Td (9.23%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.39 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 118.01 689.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.41 689.10 Td (9.73%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.24 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.86 689.10 Td (according ) Tj ET Q q 0 0 0 rg BT 198.91 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 209.31 689.10 Td (a ) Tj ET Q q 0 0 0 rg BT 216.37 689.10 Td (pre-determined ) Tj ET Q q 0 0 0 rg BT 280.07 689.10 Td (schedule. ) Tj ET Q q 0 0 0 rg BT 320.17 689.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 352.78 689.10 Td (on ) Tj ET Q q 0 0 0 rg BT 365.40 689.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 414.69 689.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 462.86 689.10 Td (is ) Tj ET Q q 0 0 0 rg BT 472.15 689.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 505.86 689.10 Td (semi-annually ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 84.47 677.10 Td (will ) Tj ET Q q 0 0 0 rg BT 102.56 677.10 Td (be ) Tj ET Q q 0 0 0 rg BT 114.54 677.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 148.16 677.10 Td (50% ) Tj ET Q q 0 0 0 rg BT 169.03 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 179.34 677.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 199.64 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.62 677.10 Td (50% ) Tj ET Q q 0 0 0 rg BT 237.48 677.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 271.10 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.41 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.16 677.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 329.23 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.09 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.84 677.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 374.59 677.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 396.57 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.88 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.63 677.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 469.15 677.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 534.99 677.10 Td (date ) Tj ET Q q 0 0 0 rg BT 554.17 677.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.22 665.10 Td (facility) Tj ET Q q 0 0 0 rg BT 109.89 665.10 Td (, ) Tj ET Q q 0 0 0 rg BT 114.89 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.83 665.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 165.42 665.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 191.25 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 201.53 665.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 221.80 665.10 Td (after ) Tj ET Q q 0 0 0 rg BT 242.61 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.33 665.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 304.81 665.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 370.62 665.10 Td (date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 647.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 647.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.19 647.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 115.12 647.10 Td (Junior ) Tj ET Q q 0 0 0 rg BT 142.11 647.10 Td (T) Tj ET Q q 0 0 0 rg BT 147.52 647.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 165.22 647.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 187.91 647.10 Td (is ) Tj ET Q q 0 0 0 rg BT 196.73 647.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.31 647.10 Td (junior ) Tj ET Q q 0 0 0 rg BT 229.35 647.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 272.05 647.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.53 647.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.89 647.10 Td (project ) Tj ET Q q 0 0 0 rg BT 326.80 647.10 Td (company ) Tj ET Q q 0 0 0 rg BT 365.60 647.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.19 647.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 411.54 647.10 Td (other ) Tj ET Q q 0 0 0 rg BT 434.23 647.10 Td (related ) Tj ET Q q 0 0 0 rg BT 463.58 647.10 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 515.45 647.10 Td (all ) Tj ET Q q 0 0 0 rg BT 527.59 647.10 Td (of ) Tj ET Q q 0 0 0 rg BT 538.07 647.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 635.10 Td (are ) Tj ET Q q 0 0 0 rg BT 82.43 635.10 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 142.91 635.10 Td (by ) Tj ET Q q 0 0 0 rg BT 155.63 635.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 169.74 635.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.90 635.10 Td (is ) Tj ET Q q 0 0 0 rg BT 196.29 635.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 229.54 635.10 Td (by ) Tj ET Q q 0 0 0 rg BT 242.26 635.10 Td (a ) Tj ET Q q 0 0 0 rg BT 249.42 635.10 Td (second ) Tj ET Q q 0 0 0 rg BT 279.91 635.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 312.62 635.10 Td (lien ) Tj ET Q q 0 0 0 rg BT 330.33 635.10 Td (on ) Tj ET Q q 0 0 0 rg BT 343.05 635.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 396.32 635.10 Td (all ) Tj ET Q q 0 0 0 rg BT 409.04 635.10 Td (of ) Tj ET Q q 0 0 0 rg BT 420.09 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.02 635.10 Td (project-related ) Tj ET Q q 0 0 0 rg BT 496.04 635.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 522.09 635.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.24 635.10 Td (a ) Tj ET Q q 0 0 0 rg BT 546.40 635.10 Td (first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 623.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 99.69 623.10 Td (lien ) Tj ET Q q 0 0 0 rg BT 116.87 623.10 Td (on ) Tj ET Q q 0 0 0 rg BT 129.06 623.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.47 623.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 168.99 623.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.51 623.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.91 623.10 Td (top ) Tj ET Q q 0 0 0 rg BT 208.88 623.10 Td (tier ) Tj ET Q q 0 0 0 rg BT 224.40 623.10 Td (project ) Tj ET Q q 0 0 0 rg BT 254.35 623.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 287.10 623.10 Td (company) Tj ET Q q 0 0 0 rg BT 323.10 623.10 Td (. ) Tj ET Q q 0 0 0 rg BT 327.63 623.10 Td (The ) Tj ET Q q 0 0 0 rg BT 345.37 623.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 375.34 623.10 Td (Junior ) Tj ET Q q 0 0 0 rg BT 402.37 623.10 Td (T) Tj ET Q q 0 0 0 rg BT 407.78 623.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 425.52 623.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 448.26 623.10 Td (is ) Tj ET Q q 0 0 0 rg BT 457.12 623.10 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 511.50 623.10 Td (to ) Tj ET Q q 0 0 0 rg BT 521.47 623.10 Td (us ) Tj ET Q q 0 0 0 rg BT 532.55 623.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.18 623.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 611.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 111.11 611.10 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 146.93 611.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 165.63 611.10 Td (gy) Tj ET Q q 0 0 0 rg BT 174.98 611.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 593.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 593.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 94.70 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.13 593.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 139.12 593.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 165.84 593.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 214.97 593.10 Td (our ) Tj ET Q q 0 0 0 rg BT 230.51 593.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 258.27 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.26 593.10 Td (service ) Tj ET Q q 0 0 0 rg BT 298.79 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.22 593.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 343.21 593.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 392.63 593.10 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 432.04 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 448.69 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 458.68 593.10 Td (make ) Tj ET Q q 0 0 0 rg BT 482.54 593.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 502.52 593.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 554.74 593.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 581.10 Td (common ) Tj ET Q q 0 0 0 rg BT 104.71 581.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 131.91 581.10 Td (is ) Tj ET Q q 0 0 0 rg BT 140.80 581.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 171.33 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 181.32 581.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 216.31 581.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 264.61 581.10 Td (with ) Tj ET Q q 0 0 0 rg BT 284.60 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.03 581.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 341.23 581.10 Td (under ) Tj ET Q q 0 0 0 rg BT 366.21 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.64 581.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 426.99 581.10 Td (including ) Tj ET Q q 0 0 0 rg BT 466.98 581.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 516.96 581.10 Td (a ) Tj ET Q q 0 0 0 rg BT 523.61 581.10 Td (minimum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 569.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 87.22 569.10 Td (service ) Tj ET Q q 0 0 0 rg BT 118.03 569.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 156.62 569.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 177.44 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.38 569.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 214.10 569.10 Td (life ) Tj ET Q q 0 0 0 rg BT 229.92 569.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 268.51 569.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 289.33 569.10 Td (on ) Tj ET Q q 0 0 0 rg BT 301.83 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.55 569.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 346.83 569.10 Td (Junior ) Tj ET Q q 0 0 0 rg BT 374.15 569.10 Td (T) Tj ET Q q 0 0 0 rg BT 379.56 569.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 397.60 569.10 Td (Loan.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 58.50 551.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 89.90 551.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 140.17 551.10 Td (Preferred) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 533.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.25 533.10 Td (75 ) Tj ET Q q 0 0 0 rg BT 93.45 533.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.35 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 124.55 533.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 154.53 533.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 203.95 533.10 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 243.35 533.10 Td (was ) Tj ET Q q 0 0 0 rg BT 261.10 533.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 293.30 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.28 533.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 323.81 533.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 375.45 533.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 397.65 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 407.64 533.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 429.84 533.10 Td (after ) Tj ET Q q 0 0 0 rg BT 450.36 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 465.89 533.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 491.43 533.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 518.62 533.10 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (into ) Tj ET Q q 0 0 0 rg BT 68.23 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 83.62 521.10 Td (project ) Tj ET Q q 0 0 0 rg BT 114.56 521.10 Td (was ) Tj ET Q q 0 0 0 rg BT 133.28 521.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 155.34 521.10 Td (utilized. ) Tj ET Q q 0 0 0 rg BT 190.31 521.10 Td (As ) Tj ET Q q 0 0 0 rg BT 204.60 521.10 Td (ofDecember31, ) Tj ET Q q 0 0 0 rg BT 274.68 521.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 300.36 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.75 521.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 346.70 521.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 394.85 521.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 434.66 521.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 480.61 521.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.44 521.10 Td ($87 ) Tj ET Q q 0 0 0 rg BT 509.61 521.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.51 521.10 Td (, ) Tj ET Q q 0 0 0 rg BT 544.18 521.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.51 521.10 Td (83 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 509.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 84.80 509.10 Td (inclusive ) Tj ET Q q 0 0 0 rg BT 123.98 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.39 509.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 177.36 509.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 211.52 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 222.38 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.67 509.10 Td (balance, ) Tj ET Q q 0 0 0 rg BT 273.78 509.10 Td (was ) Tj ET Q q 0 0 0 rg BT 292.41 509.10 Td (included ) Tj ET Q q 0 0 0 rg BT 329.92 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 340.78 509.10 Td (other ) Tj ET Q q 0 0 0 rg BT 364.41 509.10 Td (noncurrent ) Tj ET Q q 0 0 0 rg BT 410.80 509.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 451.10 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 461.95 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 478.36 509.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 531.98 509.10 Td (balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 74.95 497.10 Td (The ) Tj ET Q q 0 0 0 rg BT 93.10 497.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 138.47 497.10 Td (has: ) Tj ET Q q 0 0 0 rg BT 157.17 497.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 169.20 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 176.24 497.10 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 222.16 497.10 Td (preference ) Tj ET Q q 0 0 0 rg BT 266.94 497.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 291.19 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.56 497.10 Td (par ) Tj ET Q q 0 0 0 rg BT 316.93 497.10 Td (value ) Tj ET Q q 0 0 0 rg BT 341.18 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.10 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.92 497.10 Td (investment, ) Tj ET Q q 0 0 0 rg BT 415.89 497.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 430.70 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 437.74 497.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 476.97 497.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 501.78 497.10 Td (on ) Tj ET Q q 0 0 0 rg BT 514.37 497.10 Td (project ) Tj ET Q q 0 0 0 rg BT 544.73 497.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 73.75 485.10 Td (during ) Tj ET Q q 0 0 0 rg BT 101.88 485.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 145.56 485.10 Td (\(after ) Tj ET Q q 0 0 0 rg BT 169.23 485.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 188.47 485.10 Td (service\) ) Tj ET Q q 0 0 0 rg BT 222.15 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.95 485.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 248.41 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 254.88 485.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 277.45 485.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 314.47 485.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 331.48 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.94 485.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 372.18 485.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 409.74 485.10 Td (according ) Tj ET Q q 0 0 0 rg BT 451.19 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 461.00 485.10 Td (an ) Tj ET Q q 0 0 0 rg BT 472.46 485.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 525.02 485.10 Td (schedule, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 473.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 83.93 473.10 Td (an ) Tj ET Q q 0 0 0 rg BT 95.87 473.10 Td (option ) Tj ET Q q 0 0 0 rg BT 123.93 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.21 473.10 Td (convert ) Tj ET Q q 0 0 0 rg BT 166.69 473.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 186.41 473.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 224.45 473.10 Td (into ) Tj ET Q q 0 0 0 rg BT 242.51 473.10 Td (a ) Tj ET Q q 0 0 0 rg BT 249.45 473.10 Td (common ) Tj ET Q q 0 0 0 rg BT 286.94 473.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 314.44 473.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 346.37 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 356.65 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.37 473.10 Td (project.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 455.10 Td (The ) Tj ET Q q 0 0 0 rg BT 76.52 455.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 106.76 455.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 156.44 455.10 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 196.11 455.10 Td (is ) Tj ET Q q 0 0 0 rg BT 205.25 455.10 Td (structured ) Tj ET Q q 0 0 0 rg BT 247.70 455.10 Td (as ) Tj ET Q q 0 0 0 rg BT 258.50 455.10 Td (a ) Tj ET Q q 0 0 0 rg BT 265.40 455.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 314.52 455.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 334.20 455.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 352.22 455.10 Td (Stakeholder ) Tj ET Q q 0 0 0 rg BT 406.89 455.10 Td (Loan\) ) Tj ET Q q 0 0 0 rg BT 437.67 455.10 Td (with ) Tj ET Q q 0 0 0 rg BT 457.92 455.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.60 455.10 Td (concurrent ) Tj ET Q q 0 0 0 rg BT 517.83 455.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 554.17 455.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 443.10 Td (warrants ) Tj ET Q q 0 0 0 rg BT 86.43 443.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 104.48 443.10 Td (Stakeholder ) Tj ET Q q 0 0 0 rg BT 159.00 443.10 Td (W) Tj ET Q q 0 0 0 rg BT 167.63 443.10 Td (arrants\). ) Tj ET Q q 0 0 0 rg BT 207.61 443.10 Td (Key ) Tj ET Q q 0 0 0 rg BT 226.77 443.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 276.47 443.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 301.18 443.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.01 443.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.73 443.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 357.01 443.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 406.72 443.10 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 446.42 443.10 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 425.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 425.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.23 425.10 Td (Stakeholder ) Tj ET Q q 0 0 0 rg BT 135.18 425.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 157.91 425.10 Td (will ) Tj ET Q q 0 0 0 rg BT 175.65 425.10 Td (accrue ) Tj ET Q q 0 0 0 rg BT 203.92 425.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 245.00 425.10 Td (at ) Tj ET Q q 0 0 0 rg BT 254.40 425.10 Td (a ) Tj ET Q q 0 0 0 rg BT 261.02 425.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 283.75 425.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 300.92 425.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.44 425.10 Td (13.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.27 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 344.45 425.10 Td (per ) Tj ET Q q 0 0 0 rg BT 359.41 425.10 Td (annum. ) Tj ET Q q 0 0 0 rg BT 391.15 425.10 Td (The ) Tj ET Q q 0 0 0 rg BT 408.88 425.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 449.95 425.10 Td (are ) Tj ET Q q 0 0 0 rg BT 464.35 425.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 497.63 425.10 Td (50% ) Tj ET Q q 0 0 0 rg BT 518.14 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 528.10 425.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 548.06 425.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 413.10 Td (50% ) Tj ET Q q 0 0 0 rg BT 88.37 413.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 121.99 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 132.31 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.07 413.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 185.15 413.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 218.22 413.10 Td (on ) Tj ET Q q 0 0 0 rg BT 230.76 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 237.73 413.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 273.61 413.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 296.15 413.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 318.13 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 328.44 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.20 413.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 390.72 413.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 456.56 413.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 478.26 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 495.23 413.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 528.87 413.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 554.74 413.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 401.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 87.77 401.10 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 146.92 401.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 184.82 401.10 Td (, ) Tj ET Q q 0 0 0 rg BT 189.82 401.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 220.64 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 230.92 401.10 Td (available ) Tj ET Q q 0 0 0 rg BT 269.51 401.10 Td (project ) Tj ET Q q 0 0 0 rg BT 299.78 401.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 320.04 401.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 344.77 401.10 Td (after ) Tj ET Q q 0 0 0 rg BT 365.58 401.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 385.30 401.10 Td (service.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 383.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 383.10 Td (Scheduled ) Tj ET Q q 0 0 0 rg BT 111.56 383.10 Td (repayments ) Tj ET Q q 0 0 0 rg BT 160.06 383.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.80 383.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 208.75 383.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.49 383.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.11 383.10 Td (Stakeholder ) Tj ET Q q 0 0 0 rg BT 284.28 383.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 307.24 383.10 Td (will ) Tj ET Q q 0 0 0 rg BT 325.20 383.10 Td (be ) Tj ET Q q 0 0 0 rg BT 337.05 383.10 Td (made ) Tj ET Q q 0 0 0 rg BT 361.11 383.10 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 420.17 383.10 Td (according ) Tj ET Q q 0 0 0 rg BT 462.00 383.10 Td (to ) Tj ET Q q 0 0 0 rg BT 472.18 383.10 Td (a ) Tj ET Q q 0 0 0 rg BT 479.03 383.10 Td (13-year ) Tj ET Q q 0 0 0 rg BT 511.97 383.10 Td (amortization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 371.10 Td (profile ) Tj ET Q q 0 0 0 rg BT 96.18 371.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 138.19 371.10 Td (in ) Tj ET Q q 0 0 0 rg BT 147.99 371.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 170.01 371.10 Td (\(two ) Tj ET Q q 0 0 0 rg BT 190.36 371.10 Td (years ) Tj ET Q q 0 0 0 rg BT 213.48 371.10 Td (after ) Tj ET Q q 0 0 0 rg BT 233.82 371.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.05 371.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 295.05 371.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 360.38 371.10 Td (date\), ) Tj ET Q q 0 0 0 rg BT 384.89 371.10 Td (with ) Tj ET Q q 0 0 0 rg BT 404.69 371.10 Td (a ) Tj ET Q q 0 0 0 rg BT 411.14 371.10 Td (final ) Tj ET Q q 0 0 0 rg BT 431.49 371.10 Td (repayment ) Tj ET Q q 0 0 0 rg BT 475.71 371.10 Td (date ) Tj ET Q q 0 0 0 rg BT 494.39 371.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.74 371.10 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 359.10 Td (2032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.50 359.10 Td (, ) Tj ET Q q 0 0 0 rg BT 92.50 359.10 Td (all ) Tj ET Q q 0 0 0 rg BT 105.00 359.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 135.82 359.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.10 359.10 Td (available ) Tj ET Q q 0 0 0 rg BT 184.69 359.10 Td (project ) Tj ET Q q 0 0 0 rg BT 214.95 359.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 235.22 359.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 259.94 359.10 Td (after ) Tj ET Q q 0 0 0 rg BT 280.76 359.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 300.47 359.10 Td (service.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 341.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 341.10 Td (V) Tj ET Q q 0 0 0 rg BT 73.43 341.10 Td (oluntary ) Tj ET Q q 0 0 0 rg BT 109.16 341.10 Td (prepayments ) Tj ET Q q 0 0 0 rg BT 162.65 341.10 Td (are ) Tj ET Q q 0 0 0 rg BT 177.26 341.10 Td (not ) Tj ET Q q 0 0 0 rg BT 192.44 341.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 233.16 341.10 Td (during ) Tj ET Q q 0 0 0 rg BT 261.67 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.29 341.10 Td (first ) Tj ET Q q 0 0 0 rg BT 294.80 341.10 Td (five ) Tj ET Q q 0 0 0 rg BT 312.75 341.10 Td (years ) Tj ET Q q 0 0 0 rg BT 336.25 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.98 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.60 341.10 Td (Stakeholder ) Tj ET Q q 0 0 0 rg BT 411.76 341.10 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 437.21 341.10 Td (after ) Tj ET Q q 0 0 0 rg BT 457.93 341.10 Td (which ) Tj ET Q q 0 0 0 rg BT 484.77 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.39 341.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 537.33 341.10 Td (is ) Tj ET Q q 0 0 0 rg BT 546.40 341.10 Td (pre-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 329.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 101.09 329.10 Td (at ) Tj ET Q q 0 0 0 rg BT 110.81 329.10 Td (our ) Tj ET Q q 0 0 0 rg BT 126.64 329.10 Td (option ) Tj ET Q q 0 0 0 rg BT 154.70 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 164.98 329.10 Td (increments ) Tj ET Q q 0 0 0 rg BT 211.35 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 222.18 329.10 Td (33% ) Tj ET Q q 0 0 0 rg BT 243.01 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.84 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.55 329.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 309.92 329.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 359.08 329.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 397.12 329.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 430.16 329.10 Td (per ) Tj ET Q q 0 0 0 rg BT 445.42 329.10 Td (year) Tj ET Q q 0 0 0 rg BT 462.08 329.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 311.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 311.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.07 311.10 Td (Stakeholder ) Tj ET Q q 0 0 0 rg BT 134.86 311.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 157.43 311.10 Td (is ) Tj ET Q q 0 0 0 rg BT 166.13 311.10 Td (mandatorily ) Tj ET Q q 0 0 0 rg BT 216.47 311.10 Td (pre-payable ) Tj ET Q q 0 0 0 rg BT 265.69 311.10 Td (at ) Tj ET Q q 0 0 0 rg BT 274.93 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.18 311.10 Td (option ) Tj ET Q q 0 0 0 rg BT 316.76 311.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.11 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.36 311.10 Td (Stakeholder ) Tj ET Q q 0 0 0 rg BT 391.15 311.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 413.72 311.10 Td (holder\(s\) ) Tj ET Q q 0 0 0 rg BT 451.84 311.10 Td (under ) Tj ET Q q 0 0 0 rg BT 476.64 311.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 505.86 311.10 Td (circumstances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 299.10 Td (in ) Tj ET Q q 0 0 0 rg BT 77.78 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.50 299.10 Td (event ) Tj ET Q q 0 0 0 rg BT 116.65 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.48 299.10 Td (a ) Tj ET Q q 0 0 0 rg BT 134.42 299.10 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 182.45 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.28 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.00 299.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 238.28 299.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 266.70 299.10 Td (T) Tj ET Q q 0 0 0 rg BT 272.11 299.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 290.16 299.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 313.21 299.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 341.25 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.97 299.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 386.25 299.10 Td (Junior ) Tj ET Q q 0 0 0 rg BT 413.57 299.10 Td (T) Tj ET Q q 0 0 0 rg BT 418.98 299.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 437.03 299.10 Td (Loan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 281.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 281.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.25 281.10 Td (Stakeholder ) Tj ET Q q 0 0 0 rg BT 136.99 281.10 Td (W) Tj ET Q q 0 0 0 rg BT 145.63 281.10 Td (arrants ) Tj ET Q q 0 0 0 rg BT 176.04 281.10 Td (are ) Tj ET Q q 0 0 0 rg BT 191.46 281.10 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 239.64 281.10 Td (into ) Tj ET Q q 0 0 0 rg BT 258.40 281.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 295.48 281.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 323.68 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.22 281.10 Td (our ) Tj ET Q q 0 0 0 rg BT 351.76 281.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 396.07 281.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 429.83 281.10 Td (company ) Tj ET Q q 0 0 0 rg BT 469.70 281.10 Td (that ) Tj ET Q q 0 0 0 rg BT 487.90 281.10 Td (owns ) Tj ET Q q 0 0 0 rg BT 512.22 281.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 538.76 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 281.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 269.10 Td (project ) Tj ET Q q 0 0 0 rg BT 98.35 269.10 Td (company ) Tj ET Q q 0 0 0 rg BT 138.09 269.10 Td (on ) Tj ET Q q 0 0 0 rg BT 151.17 269.10 Td (five ) Tj ET Q q 0 0 0 rg BT 169.80 269.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 216.76 269.10 Td (dates, ) Tj ET Q q 0 0 0 rg BT 242.89 269.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 285.96 269.10 Td (at ) Tj ET Q q 0 0 0 rg BT 296.26 269.10 Td (six ) Tj ET Q q 0 0 0 rg BT 311.01 269.10 Td (month ) Tj ET Q q 0 0 0 rg BT 339.65 269.10 Td (intervals, ) Tj ET Q q 0 0 0 rg BT 379.67 269.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 422.75 269.10 Td (on ) Tj ET Q q 0 0 0 rg BT 435.83 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.13 269.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 499.20 269.10 Td (commencement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 257.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 89.03 257.10 Td (or ) Tj ET Q q 0 0 0 rg BT 99.73 257.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 122.10 257.10 Td (a ) Tj ET Q q 0 0 0 rg BT 128.91 257.10 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 176.81 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.51 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.10 257.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 232.25 257.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 259.09 257.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 308.21 257.10 Td (The ) Tj ET Q q 0 0 0 rg BT 326.13 257.10 Td (warrants ) Tj ET Q q 0 0 0 rg BT 362.93 257.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 394.73 257.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 438.76 257.10 Td (anti-dilution ) Tj ET Q q 0 0 0 rg BT 490.57 257.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 533.48 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.29 257.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 245.10 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 115.57 245.10 Td (on ) Tj ET Q q 0 0 0 rg BT 128.66 245.10 Td (a ) Tj ET Q q 0 0 0 rg BT 136.19 245.10 Td (cashless ) Tj ET Q q 0 0 0 rg BT 172.06 245.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 195.15 245.10 Td (at ) Tj ET Q q 0 0 0 rg BT 205.46 245.10 Td (a ) Tj ET Q q 0 0 0 rg BT 213.00 245.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 252.18 245.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 299.16 245.10 Td (price ) Tj ET Q q 0 0 0 rg BT 322.24 245.10 Td (on ) Tj ET Q q 0 0 0 rg BT 335.33 245.10 Td (each ) Tj ET Q q 0 0 0 rg BT 356.74 245.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 403.71 245.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 425.96 245.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 478.48 245.10 Td (a ) Tj ET Q q 0 0 0 rg BT 486.01 245.10 Td (set ) Tj ET Q q 0 0 0 rg BT 500.22 245.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 539.42 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 245.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 233.10 Td (original ) Tj ET Q q 0 0 0 rg BT 101.68 233.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 153.65 233.10 Td (price ) Tj ET Q q 0 0 0 rg BT 176.71 233.10 Td (for ) Tj ET Q q 0 0 0 rg BT 191.45 233.10 Td (common ) Tj ET Q q 0 0 0 rg BT 229.52 233.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 257.59 233.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 278.72 233.10 Td (Covanta) Tj ET Q q 0 0 0 rg BT 314.82 233.10 Td (s ) Tj ET Q q 0 0 0 rg BT 321.79 233.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 373.76 233.10 Td (price\) ) Tj ET Q q 0 0 0 rg BT 400.15 233.10 Td (that ) Tj ET Q q 0 0 0 rg BT 418.23 233.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 457.95 233.10 Td (over ) Tj ET Q q 0 0 0 rg BT 478.80 233.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 501.93 233.10 Td (The ) Tj ET Q q 0 0 0 rg BT 520.55 233.10 Td (number ) Tj ET Q q 0 0 0 rg BT 554.18 233.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 221.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 94.99 221.10 Td (that ) Tj ET Q q 0 0 0 rg BT 112.49 221.10 Td (can ) Tj ET Q q 0 0 0 rg BT 128.86 221.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 174.13 221.10 Td (be ) Tj ET Q q 0 0 0 rg BT 186.07 221.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 213.57 221.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 236.07 221.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 271.32 221.10 Td (is ) Tj ET Q q 0 0 0 rg BT 280.49 221.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 311.32 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.60 221.10 Td (a ) Tj ET Q q 0 0 0 rg BT 328.54 221.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 371.59 221.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.42 221.10 Td (24.99%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.25 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 415.75 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.58 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.30 221.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 490.46 221.10 Td (shares.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 203.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 203.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.63 203.10 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 118.00 203.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 168.80 203.10 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 209.59 203.10 Td (holder\(s\) ) Tj ET Q q 0 0 0 rg BT 249.27 203.10 Td (is ) Tj ET Q q 0 0 0 rg BT 259.53 203.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 293.11 203.10 Td (to ) Tj ET Q q 0 0 0 rg BT 304.47 203.10 Td (nominate ) Tj ET Q q 0 0 0 rg BT 345.27 203.10 Td (two ) Tj ET Q q 0 0 0 rg BT 363.86 203.10 Td (out ) Tj ET Q q 0 0 0 rg BT 380.23 203.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.15 203.10 Td (five ) Tj ET Q q 0 0 0 rg BT 411.28 203.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 440.43 203.10 Td (board ) Tj ET Q q 0 0 0 rg BT 466.78 203.10 Td (members ) Tj ET Q q 0 0 0 rg BT 507.03 203.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.94 203.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.75 203.10 Td (project ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 191.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 110.94 191.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 143.82 191.10 Td (company) Tj ET Q q 0 0 0 rg BT 179.82 191.10 Td (. ) Tj ET Q q 0 0 0 rg BT 184.48 191.10 Td (The ) Tj ET Q q 0 0 0 rg BT 202.36 191.10 Td (right ) Tj ET Q q 0 0 0 rg BT 223.57 191.10 Td (to ) Tj ET Q q 0 0 0 rg BT 233.67 191.10 Td (nominate ) Tj ET Q q 0 0 0 rg BT 273.21 191.10 Td (board ) Tj ET Q q 0 0 0 rg BT 298.31 191.10 Td (members ) Tj ET Q q 0 0 0 rg BT 337.29 191.10 Td (will ) Tj ET Q q 0 0 0 rg BT 355.17 191.10 Td (be ) Tj ET Q q 0 0 0 rg BT 366.94 191.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 400.91 191.10 Td (with ) Tj ET Q q 0 0 0 rg BT 421.02 191.10 Td (future ) Tj ET Q q 0 0 0 rg BT 447.22 191.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 491.20 191.10 Td (in ) Tj ET Q q 0 0 0 rg BT 501.31 191.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.85 191.10 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 179.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 106.04 179.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 139.03 179.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.35 179.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.56 179.10 Td (Stakeholder ) Tj ET Q q 0 0 0 rg BT 216.32 179.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 239.86 179.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 268.40 179.10 Td (number ) Tj ET Q q 0 0 0 rg BT 301.95 179.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.27 179.10 Td (common ) Tj ET Q q 0 0 0 rg BT 351.26 179.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 379.24 179.10 Td (held ) Tj ET Q q 0 0 0 rg BT 399.46 179.10 Td (following ) Tj ET Q q 0 0 0 rg BT 441.34 179.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 488.21 179.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.53 179.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.75 179.10 Td (Stakeholder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 167.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 167.10 Td (arrants.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 149.10 Td (Financing ) Tj ET Q q 0 0 0 rg BT 95.29 149.10 Td (Costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 131.10 Td (All ) Tj ET Q q 0 0 0 rg BT 73.71 131.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 108.95 131.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 148.65 131.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 170.58 131.10 Td (are ) Tj ET Q q 0 0 0 rg BT 184.72 131.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 226.64 131.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.35 131.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 267.72 131.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 301.86 131.10 Td (over ) Tj ET Q q 0 0 0 rg BT 321.56 131.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.71 131.10 Td (life ) Tj ET Q q 0 0 0 rg BT 350.97 131.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.23 131.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.38 131.10 Td (related ) Tj ET Q q 0 0 0 rg BT 404.52 131.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 423.67 131.10 Td (using ) Tj ET Q q 0 0 0 rg BT 447.27 131.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.42 131.10 Td (ef) Tj ET Q q 0 0 0 rg BT 469.01 131.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 498.15 131.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 529.51 131.10 Td (method. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.10 Td (For ) Tj ET Q q 0 0 0 rg BT 65.98 119.10 Td (each ) Tj ET Q q 0 0 0 rg BT 86.38 119.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.80 119.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.11 119.10 Td (years ) Tj ET Q q 0 0 0 rg BT 134.30 119.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.26 119.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 218.44 119.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 243.02 119.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 265.11 119.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.64 119.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.64 119.10 Td ( ) Tj ET Q q 0 0 0 rg BT 303.73 119.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 356.36 119.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.77 119.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 402.17 119.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 442.02 119.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 464.11 119.10 Td (included ) Tj ET Q q 0 0 0 rg BT 500.63 119.10 Td (as ) Tj ET Q q 0 0 0 rg BT 511.05 119.10 Td (a ) Tj ET Q q 0 0 0 rg BT 517.58 119.10 Td (component ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 107.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 92.76 107.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 127.47 107.10 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.18 107.10 Td ($6 ) Tj ET Q q 0 0 0 rg BT 169.68 107.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.57 107.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.57 107.10 Td ($8 ) Tj ET Q q 0 0 0 rg BT 216.07 107.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.97 107.10 Td ( ) Tj ET Q q 0 0 0 rg BT 247.47 107.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.40 107.10 Td ($8 ) Tj ET Q q 0 0 0 rg BT 276.90 107.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.80 107.10 Td (, ) Tj ET Q q 0 0 0 rg BT 310.80 107.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 358.46 107.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 83.10 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 101.39 83.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 122.87 83.10 Td (est) Tj ET Q endstream endobj 189 0 obj <>] /Rotate 0 /Contents 190 0 R>> endobj 190 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 742.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 91.10 742.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 125.43 742.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 144.76 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.31 742.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 183.43 742.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 225.53 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.42 742.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 266.97 742.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 301.30 742.10 Td (related ) Tj ET Q q 0 0 0 rg BT 330.62 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 340.51 742.10 Td (project ) Tj ET Q q 0 0 0 rg BT 370.39 742.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 410.27 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 424.60 742.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 470.02 742.10 Td (during ) Tj ET Q q 0 0 0 rg BT 498.24 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.58 742.10 Td (construction ) 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 67.39 730.10 Td (start-up ) Tj ET Q q 0 0 0 rg BT 100.88 730.10 Td (phase ) Tj ET Q q 0 0 0 rg BT 126.60 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.88 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.05 730.10 Td (project. ) Tj ET Q q 0 0 0 rg BT 186.26 730.10 Td (During ) Tj ET Q q 0 0 0 rg BT 217.54 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.71 730.10 Td (years ) Tj ET Q q 0 0 0 rg BT 256.75 730.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 283.58 730.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 342.61 730.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 368.06 730.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 391.01 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.40 730.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 433.85 730.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 466.23 730.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 501.39 730.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.67 730.10 Td ($26 ) Tj ET Q q 0 0 0 rg BT 530.62 730.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 730.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td ($10 ) Tj ET Q q 0 0 0 rg BT 67.50 718.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.39 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 98.89 718.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.83 718.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 128.33 718.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.22 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 162.22 718.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 209.88 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 214.88 718.10 Td (was ) Tj ET Q q 0 0 0 rg BT 232.93 718.10 Td (capitalized. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 700.10 Td (NOTE12.FINANCIAL) Tj ET Q q 0 0 0 rg BT 151.46 700.10 Td ( INSTRUMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (Fair) Tj ET Q q 0 0 0 rg BT 67.64 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 69.96 682.10 Td (V) Tj ET Q q 0 0 0 rg BT 76.27 682.10 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 129.13 682.10 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 664.10 Td (Authoritative ) Tj ET Q q 0 0 0 rg BT 114.06 664.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 152.40 664.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 195.74 664.10 Td (with ) Tj ET Q q 0 0 0 rg BT 215.76 664.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 231.88 664.10 Td (value ) Tj ET Q q 0 0 0 rg BT 255.77 664.10 Td (measurements ) Tj ET Q q 0 0 0 rg BT 315.22 664.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 351.90 664.10 Td (a ) Tj ET Q q 0 0 0 rg BT 358.58 664.10 Td (framework ) Tj ET Q q 0 0 0 rg BT 404.69 664.10 Td (for ) Tj ET Q q 0 0 0 rg BT 418.59 664.10 Td (measuring ) Tj ET Q q 0 0 0 rg BT 462.49 664.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 478.61 664.10 Td (value ) Tj ET Q q 0 0 0 rg BT 502.51 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.19 664.10 Td (establishes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 652.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.28 652.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 72.49 652.10 Td (value ) Tj ET Q q 0 0 0 rg BT 96.49 652.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 136.58 652.10 Td (that ) Tj ET Q q 0 0 0 rg BT 153.91 652.10 Td (prioritizes ) Tj ET Q q 0 0 0 rg BT 196.79 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.35 652.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 238.14 652.10 Td (used ) Tj ET Q q 0 0 0 rg BT 258.81 652.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.92 652.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 304.58 652.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 320.79 652.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 347.29 652.10 Td (giving ) Tj ET Q q 0 0 0 rg BT 375.18 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.74 652.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 420.96 652.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 453.30 652.10 Td (to ) Tj ET Q q 0 0 0 rg BT 463.42 652.10 Td (unadjusted ) Tj ET Q q 0 0 0 rg BT 509.08 652.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 538.64 652.10 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 640.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.05 640.10 Td (active ) Tj ET Q q 0 0 0 rg BT 86.69 640.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 121.11 640.10 Td (for ) Tj ET Q q 0 0 0 rg BT 135.54 640.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 172.73 640.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 198.83 640.10 Td (or ) Tj ET Q q 0 0 0 rg BT 209.93 640.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 249.91 640.10 Td (\(Level1 ) Tj ET Q q 0 0 0 rg BT 286.27 640.10 Td (inputs\), ) Tj ET Q q 0 0 0 rg BT 319.32 640.10 Td (then ) Tj ET Q q 0 0 0 rg BT 339.30 640.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 384.28 640.10 Td (other ) Tj ET Q q 0 0 0 rg BT 407.60 640.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 453.68 640.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 480.90 640.10 Td (\(Level ) Tj ET Q q 0 0 0 rg BT 509.76 640.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 517.53 640.10 Td (inputs\) ) Tj ET Q q 0 0 0 rg BT 548.07 640.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.19 628.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 94.77 628.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 128.24 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.49 628.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 185.18 628.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 241.96 628.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 269.89 628.10 Td (\(Level3 ) Tj ET Q q 0 0 0 rg BT 306.95 628.10 Td (inputs\). ) Tj ET Q q 0 0 0 rg BT 340.45 628.10 Td (The ) Tj ET Q q 0 0 0 rg BT 359.47 628.10 Td (following ) Tj ET Q q 0 0 0 rg BT 401.83 628.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 439.19 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 457.10 628.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 510.03 628.10 Td (were ) Tj ET Q q 0 0 0 rg BT 532.93 628.10 Td (used ) Tj ET Q q 0 0 0 rg BT 554.73 628.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 616.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 85.32 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.04 616.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 116.41 616.10 Td (value ) Tj ET Q q 0 0 0 rg BT 140.57 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.40 616.10 Td (each ) Tj ET Q q 0 0 0 rg BT 172.21 616.10 Td (class ) Tj ET Q q 0 0 0 rg BT 194.15 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.98 616.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 242.46 616.10 Td (instruments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 598.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 598.10 Td (For ) Tj ET Q q 0 0 0 rg BT 83.52 598.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 103.41 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.97 598.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 139.86 598.10 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 190.03 598.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 229.36 598.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 256.20 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 272.76 598.10 Td (marketable ) Tj ET Q q 0 0 0 rg BT 319.31 598.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 361.69 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.04 598.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 411.47 598.10 Td (value ) Tj ET Q q 0 0 0 rg BT 435.25 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 445.71 598.10 Td (these ) Tj ET Q q 0 0 0 rg BT 468.38 598.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 504.39 598.10 Td (is ) Tj ET Q q 0 0 0 rg BT 513.18 598.10 Td (a ) Tj ET Q q 0 0 0 rg BT 519.75 598.10 Td (reasonable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 586.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 103.04 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.60 586.10 Td (their ) Tj ET Q q 0 0 0 rg BT 134.15 586.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 150.25 586.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 176.47 586.10 Td (The ) Tj ET Q q 0 0 0 rg BT 194.24 586.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 210.34 586.10 Td (value ) Tj ET Q q 0 0 0 rg BT 234.22 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.77 586.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 284.20 586.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 308.65 586.10 Td (held ) Tj ET Q q 0 0 0 rg BT 328.09 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 338.09 586.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 358.09 586.10 Td (is ) Tj ET Q q 0 0 0 rg BT 366.99 586.10 Td (based ) Tj ET Q q 0 0 0 rg BT 391.98 586.10 Td (on ) Tj ET Q q 0 0 0 rg BT 404.20 586.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 433.64 586.10 Td (market ) Tj ET Q q 0 0 0 rg BT 463.63 586.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 489.73 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.29 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.73 586.10 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 574.10 Td (held ) Tj ET Q q 0 0 0 rg BT 87.22 574.10 Td (by ) Tj ET Q q 0 0 0 rg BT 99.72 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.43 574.10 Td (trustee.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 556.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 556.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 86.11 556.10 Td (values ) Tj ET Q q 0 0 0 rg BT 114.16 556.10 Td (for ) Tj ET Q q 0 0 0 rg BT 128.32 556.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 170.25 556.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 189.97 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.90 556.10 Td (project ) Tj ET Q q 0 0 0 rg BT 237.17 556.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 256.88 556.10 Td (are ) Tj ET Q q 0 0 0 rg BT 271.59 556.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 319.07 556.10 Td (using ) Tj ET Q q 0 0 0 rg BT 343.24 556.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 372.96 556.10 Td (market ) Tj ET Q q 0 0 0 rg BT 403.22 556.10 Td (prices.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 538.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 538.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.00 538.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 102.83 538.10 Td (value ) Tj ET Q q 0 0 0 rg BT 127.44 538.10 Td (for ) Tj ET Q q 0 0 0 rg BT 142.05 538.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 174.44 538.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 192.38 538.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 219.77 538.10 Td (were ) Tj ET Q q 0 0 0 rg BT 242.16 538.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 290.09 538.10 Td (by ) Tj ET Q q 0 0 0 rg BT 303.04 538.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 343.77 538.10 Td (quotes ) Tj ET Q q 0 0 0 rg BT 372.83 538.10 Td (from ) Tj ET Q q 0 0 0 rg BT 395.22 538.10 Td (two ) Tj ET Q q 0 0 0 rg BT 413.17 538.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 472.77 538.10 Td (\(one ) Tj ET Q q 0 0 0 rg BT 493.49 538.10 Td (is ) Tj ET Q q 0 0 0 rg BT 503.11 538.10 Td (a ) Tj ET Q q 0 0 0 rg BT 510.50 538.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 539.00 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 538.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 526.10 Td (long ) Tj ET Q q 0 0 0 rg BT 87.65 526.10 Td (position ) Tj ET Q q 0 0 0 rg BT 122.26 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.07 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.66 526.10 Td (other ) Tj ET Q q 0 0 0 rg BT 176.58 526.10 Td (is ) Tj ET Q q 0 0 0 rg BT 185.63 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 195.78 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.38 526.10 Td (short\) ) Tj ET Q q 0 0 0 rg BT 236.08 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.90 526.10 Td (extrapolating ) Tj ET Q q 0 0 0 rg BT 308.03 526.10 Td (those ) Tj ET Q q 0 0 0 rg BT 331.51 526.10 Td (across ) Tj ET Q q 0 0 0 rg BT 358.88 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.47 526.10 Td (long ) Tj ET Q q 0 0 0 rg BT 393.63 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.44 526.10 Td (short ) Tj ET Q q 0 0 0 rg BT 432.81 526.10 Td (notional ) Tj ET Q q 0 0 0 rg BT 467.96 526.10 Td (amounts.) Tj ET Q q 0 0 0 rg BT 506.67 526.10 Td (The ) Tj ET Q q 0 0 0 rg BT 524.59 526.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.84 526.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.39 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 93.16 514.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 125.15 514.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 142.69 514.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 169.69 514.10 Td (was ) Tj ET Q q 0 0 0 rg BT 187.80 514.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 223.68 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.01 514.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 262.10 514.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 315.19 514.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 332.75 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.63 514.10 Td (non-performance, ) Tj ET Q q 0 0 0 rg BT 417.54 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.54 514.10 Td (was ) Tj ET Q q 0 0 0 rg BT 452.64 514.10 Td (based ) Tj ET Q q 0 0 0 rg BT 477.97 514.10 Td (on ) Tj ET Q q 0 0 0 rg BT 490.52 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.30 514.10 Td (counterparty) Tj ET Q q 0 0 0 rg BT 558.61 514.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 502.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 92.76 502.10 Td (spread ) Tj ET Q q 0 0 0 rg BT 121.36 502.10 Td (in ) Tj ET Q q 0 0 0 rg BT 131.64 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.36 502.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 171.62 502.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 217.99 502.10 Td (market.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 484.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 484.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.81 484.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 104.45 484.10 Td (values ) Tj ET Q q 0 0 0 rg BT 133.76 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.85 484.10 Td (our ) Tj ET Q q 0 0 0 rg BT 162.94 484.10 Td (ener) Tj ET Q q 0 0 0 rg BT 179.97 484.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 193.73 484.10 Td (hedges ) Tj ET Q q 0 0 0 rg BT 225.26 484.10 Td (were ) Tj ET Q q 0 0 0 rg BT 248.46 484.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 297.20 484.10 Td (using ) Tj ET Q q 0 0 0 rg BT 322.63 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.61 484.10 Td (spread ) Tj ET Q q 0 0 0 rg BT 368.47 484.10 Td (between ) Tj ET Q q 0 0 0 rg BT 405.55 484.10 Td (our ) Tj ET Q q 0 0 0 rg BT 422.64 484.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 446.95 484.10 Td (price ) Tj ET Q q 0 0 0 rg BT 470.70 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 488.90 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.88 484.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 540.29 484.10 Td (curve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 472.10 Td (information ) Tj ET Q q 0 0 0 rg BT 117.21 472.10 Td (available ) Tj ET Q q 0 0 0 rg BT 155.80 472.10 Td (within ) Tj ET Q q 0 0 0 rg BT 183.86 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.57 472.10 Td (market.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 454.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 454.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.95 454.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 102.73 454.10 Td (value ) Tj ET Q q 0 0 0 rg BT 127.29 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.53 454.10 Td (our ) Tj ET Q q 0 0 0 rg BT 154.76 454.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 186.54 454.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 224.42 454.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 251.20 454.10 Td (was ) Tj ET Q q 0 0 0 rg BT 269.66 454.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 317.54 454.10 Td (by ) Tj ET Q q 0 0 0 rg BT 330.45 454.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 371.13 454.10 Td (quotes ) Tj ET Q q 0 0 0 rg BT 400.14 454.10 Td (from ) Tj ET Q q 0 0 0 rg BT 422.48 454.10 Td (two ) Tj ET Q q 0 0 0 rg BT 440.39 454.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 499.93 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.27 454.10 Td (is ) Tj ET Q q 0 0 0 rg BT 526.85 454.10 Td (based ) Tj ET Q q 0 0 0 rg BT 552.52 454.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 442.10 Td (market ) Tj ET Q q 0 0 0 rg BT 97.54 442.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 134.79 442.10 Td (option ) Tj ET Q q 0 0 0 rg BT 162.62 442.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 193.22 442.10 Td (methodology ) Tj ET Q q 0 0 0 rg BT 248.27 442.10 Td (which ) Tj ET Q q 0 0 0 rg BT 274.98 442.10 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 306.14 442.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 332.86 442.10 Td (such ) Tj ET Q q 0 0 0 rg BT 353.47 442.10 Td (as ) Tj ET Q q 0 0 0 rg BT 364.07 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.56 442.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 415.82 442.10 Td (spot ) Tj ET Q q 0 0 0 rg BT 434.76 442.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 452.02 442.10 Td (as ) Tj ET Q q 0 0 0 rg BT 462.63 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.23 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.72 442.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 520.53 442.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 543.35 442.10 Td (date, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.22 430.10 Td (strike ) Tj ET Q q 0 0 0 rg BT 106.93 430.10 Td (price ) Tj ET Q q 0 0 0 rg BT 129.42 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.25 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.97 430.10 Td (options ) Tj ET Q q 0 0 0 rg BT 186.91 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 203.85 430.10 Td (volatility) Tj ET Q q 0 0 0 rg BT 239.31 430.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 412.10 Td (The ) Tj ET Q q 0 0 0 rg BT 78.91 412.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 122.09 412.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 140.83 412.10 Td (value ) Tj ET Q q 0 0 0 rg BT 167.35 412.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 206.10 412.10 Td (have ) Tj ET Q q 0 0 0 rg BT 229.83 412.10 Td (been ) Tj ET Q q 0 0 0 rg BT 253.57 412.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 303.42 412.10 Td (using ) Tj ET Q q 0 0 0 rg BT 329.95 412.10 Td (available ) Tj ET Q q 0 0 0 rg BT 370.90 412.10 Td (market ) Tj ET Q q 0 0 0 rg BT 403.52 412.10 Td (information ) Tj ET Q q 0 0 0 rg BT 455.60 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.90 412.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 525.29 412.10 Td (valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.10 Td (methodologies. ) Tj ET Q q 0 0 0 rg BT 115.06 400.10 Td (However) Tj ET Q q 0 0 0 rg BT 151.31 400.10 Td (, ) Tj ET Q q 0 0 0 rg BT 158.00 400.10 Td (considerable ) Tj ET Q q 0 0 0 rg BT 212.71 400.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 254.66 400.10 Td (is ) Tj ET Q q 0 0 0 rg BT 265.52 400.10 Td (required ) Tj ET Q q 0 0 0 rg BT 303.01 400.10 Td (in ) Tj ET Q q 0 0 0 rg BT 314.97 400.10 Td (interpreting ) Tj ET Q q 0 0 0 rg BT 365.80 400.10 Td (market ) Tj ET Q q 0 0 0 rg BT 397.75 400.10 Td (data ) Tj ET Q q 0 0 0 rg BT 418.59 400.10 Td (to ) Tj ET Q q 0 0 0 rg BT 430.55 400.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 466.38 400.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 507.78 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.29 400.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 538.35 400.10 Td (value. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 98.84 388.10 Td (, ) Tj ET Q q 0 0 0 rg BT 103.37 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.61 388.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 156.86 388.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 197.20 388.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 224.22 388.10 Td (are ) Tj ET Q q 0 0 0 rg BT 238.45 388.10 Td (not ) Tj ET Q q 0 0 0 rg BT 253.26 388.10 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 299.72 388.10 Td (indicative ) Tj ET Q q 0 0 0 rg BT 341.18 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.54 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.78 388.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 401.70 388.10 Td (that ) Tj ET Q q 0 0 0 rg BT 418.73 388.10 Td (we ) Tj ET Q q 0 0 0 rg BT 432.42 388.10 Td (would ) Tj ET Q q 0 0 0 rg BT 459.45 388.10 Td (realize ) Tj ET Q q 0 0 0 rg BT 488.12 388.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.93 388.10 Td (a ) Tj ET Q q 0 0 0 rg BT 504.39 388.10 Td (current ) Tj ET Q q 0 0 0 rg BT 534.74 388.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.10 Td (exchange. ) Tj ET Q q 0 0 0 rg BT 92.07 376.10 Td (The ) Tj ET Q q 0 0 0 rg BT 110.12 376.10 Td (fair) Tj ET Q q 0 0 0 rg BT 123.79 376.10 Td (-value ) Tj ET Q q 0 0 0 rg BT 151.28 376.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 190.99 376.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 231.80 376.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 259.29 376.10 Td (are ) Tj ET Q q 0 0 0 rg BT 274.00 376.10 Td (based ) Tj ET Q q 0 0 0 rg BT 299.26 376.10 Td (on ) Tj ET Q q 0 0 0 rg BT 311.76 376.10 Td (pertinent ) Tj ET Q q 0 0 0 rg BT 349.80 376.10 Td (information ) Tj ET Q q 0 0 0 rg BT 399.51 376.10 Td (available ) Tj ET Q q 0 0 0 rg BT 438.10 376.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.38 376.10 Td (us ) Tj ET Q q 0 0 0 rg BT 459.77 376.10 Td (as ) Tj ET Q q 0 0 0 rg BT 470.60 376.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.43 376.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 540.01 376.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 376.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 71.94 364.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 108.26 364.10 Td (have ) Tj ET Q q 0 0 0 rg BT 129.58 364.10 Td (not ) Tj ET Q q 0 0 0 rg BT 144.79 364.10 Td (been ) Tj ET Q q 0 0 0 rg BT 166.11 364.10 Td (comprehensively ) Tj ET Q q 0 0 0 rg BT 236.86 364.10 Td (revalued ) Tj ET Q q 0 0 0 rg BT 273.72 364.10 Td (for ) Tj ET Q q 0 0 0 rg BT 287.82 364.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 325.81 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.58 364.10 Td (these ) Tj ET Q q 0 0 0 rg BT 359.56 364.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 396.98 364.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 441.63 364.10 Td (since ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.61 364.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 523.14 364.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.14 364.10 Td (, ) Tj ET Q q 0 0 0 rg BT 548.07 364.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.10 Td (current ) Tj ET Q q 0 0 0 rg BT 80.32 352.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 120.03 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.86 352.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 147.23 352.10 Td (value ) Tj ET Q q 0 0 0 rg BT 171.39 352.10 Td (may ) Tj ET Q q 0 0 0 rg BT 191.11 352.10 Td (dif) Tj ET Q q 0 0 0 rg BT 202.03 352.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 215.63 352.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 268.12 352.10 Td (from ) Tj ET Q q 0 0 0 rg BT 290.06 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.78 352.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 341.17 352.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 381.98 352.10 Td (herein.) Tj ET Q endstream endobj 191 0 obj <>] /Rotate 0 /Contents 192 0 R>> endobj 192 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (95) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 731.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.50 731.10 Td (The ) Tj ET Q q 0 0 0 rg BT 78.61 731.10 Td (following ) Tj ET Q q 0 0 0 rg BT 120.06 731.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 157.60 731.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 206.82 731.10 Td (are ) Tj ET Q q 0 0 0 rg BT 221.59 731.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 259.13 731.10 Td (at ) Tj ET Q q 0 0 0 rg BT 268.91 731.10 Td (their ) Tj ET Q q 0 0 0 rg BT 289.79 731.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 330.67 731.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 347.11 731.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 373.64 731.10 Td (The ) Tj ET Q q 0 0 0 rg BT 391.75 731.10 Td (following ) Tj ET Q q 0 0 0 rg BT 433.20 731.10 Td (table ) Tj ET Q q 0 0 0 rg BT 455.19 731.10 Td (presents ) Tj ET Q q 0 0 0 rg BT 490.52 731.10 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Tf ET q 0 0 0 rg BT 474.50 554.06 Td (36) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 554.06 Td (66) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 540.06 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 76.59 540.06 Td (T) Tj ET Q q 0 0 0 rg BT 81.77 540.06 Td (reasury/agency obligations ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 180.74 544.14 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.75 540.06 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.50 540.06 Td (14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 540.06 Td (18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 526.06 Td (State and municipal obligations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.75 526.06 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.50 526.06 Td (46) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 526.06 Td (59) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 512.06 Td (Commercial paper/guaranteed investment contracts/repurchase agreements) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.75 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BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.75 456.06 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.00 456.06 Td (3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 456.06 Td (21) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 442.06 Td (Total assets:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.50 442.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.00 442.06 Td (199) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.50 442.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 442.06 Td (277) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 428.05 Td (Liabilities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 414.06 Td (Derivative liability ener) Tj ET Q q 0 0 0 rg BT 149.55 414.06 Td (gy hedges) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 185.79 418.14 Td ( \(4\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.75 414.06 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.50 414.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.00 414.06 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.50 414.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 414.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 400.06 Td (Derivative liability interest rate swaps ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 202.96 404.14 Td (\(4\) \(5\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.75 400.06 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.50 400.06 Td (20) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 400.06 Td (14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 386.06 Td (Total liabilities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.50 386.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.50 386.06 Td (21) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.50 386.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 386.06 Td (14) Tj ET Q BT /F1 10.00 Tf ET BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 373.70 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 349.70 Td (The following financial instruments are recorded at their carrying amount \(in millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 291.20 277.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 291.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 291.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 291.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 291.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 291.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 291.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 291.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 291.20 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 263.20 277.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 263.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 263.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 263.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 263.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 263.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 263.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 263.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 263.20 58.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 326.20000000000005 m 385 326.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 326.20000000000005 m 389 326.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 326.20000000000005 m 443 326.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 326.20000000000005 m 501 326.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 326.20000000000005 m 505 326.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 326.20000000000005 m 563 326.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 305.20000000000005 m 327 305.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 305.20000000000005 m 385 305.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 305.20000000000005 m 443 305.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 305.20000000000005 m 501 305.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 305.20000000000005 m 563 305.20000000000005 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 330.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.45 330.43 Td (As of December 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.45 330.43 Td (As of December 31, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 309.43 Td (FinancialInstrumentsRecordedatCarryingAmount:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.70 317.43 Td (Carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.45 309.43 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.15 317.43 Td (Estimated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.65 309.43 Td (Fair) Tj ET Q q 0 0 0 rg BT 412.17 309.43 Td () Tj ET Q q 0 0 0 rg BT 414.02 309.43 Td (V) Tj ET Q q 0 0 0 rg BT 419.06 309.43 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.70 317.43 Td (Carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.45 309.43 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.15 317.43 Td (Estimated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.65 309.43 Td (Fair) Tj ET Q q 0 0 0 rg BT 530.17 309.43 Td () Tj ET Q q 0 0 0 rg BT 532.02 309.43 Td (V) Tj ET Q q 0 0 0 rg BT 537.06 309.43 Td (alue) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 295.65 Td (Assets:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 281.66 Td (Accounts receivables ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 131.47 285.74 Td (\(6\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.50 281.66 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.00 281.66 Td (333) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.50 281.66 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 281.66 Td (333) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.50 281.66 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 281.66 Td (314) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.50 281.66 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 281.66 Td (314) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 267.65 Td (Liabilities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 253.66 Td (Long-termdebt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.50 253.66 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.25 253.66 Td (2,252) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.50 253.66 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.25 253.66 Td (2,237) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.50 253.66 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 253.66 Td (2,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.50 253.66 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 253.66 Td (2,244) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 239.66 Td (Project debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.50 239.66 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.00 239.66 Td (383) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.50 239.66 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 239.66 Td (387) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.50 239.66 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 239.66 Td (198) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.50 239.66 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 239.66 Td (206) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 212.90 Td (\(1\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 212.90 Td (The ) Tj ET Q q 0 0 0 rg BT 87.47 212.90 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 104.84 212.90 Td (T) Tj ET Q q 0 0 0 rg BT 110.02 212.90 Td (reasury/agency ) Tj ET Q q 0 0 0 rg BT 165.97 212.90 Td (obligations ) Tj ET Q q 0 0 0 rg BT 207.44 212.90 Td (in ) Tj ET Q q 0 0 0 rg BT 215.92 212.90 Td (restricted ) Tj ET Q q 0 0 0 rg BT 250.88 212.90 Td (funds ) Tj ET Q q 0 0 0 rg BT 272.35 212.90 Td (held ) Tj ET Q q 0 0 0 rg BT 289.32 212.90 Td (in ) Tj ET Q q 0 0 0 rg BT 297.80 212.90 Td (trust ) Tj ET Q q 0 0 0 rg BT 315.27 212.90 Td (are ) Tj ET Q q 0 0 0 rg BT 327.74 212.90 Td (primarily ) Tj ET Q q 0 0 0 rg BT 362.70 212.90 Td (comprised ) Tj ET Q q 0 0 0 rg BT 401.67 212.90 Td (of ) Tj ET Q q 0 0 0 rg BT 410.64 212.90 Td (Federal ) Tj ET Q q 0 0 0 rg BT 439.10 212.90 Td (Home ) Tj ET Q q 0 0 0 rg BT 462.57 212.90 Td (Loan ) Tj ET Q q 0 0 0 rg BT 482.54 212.90 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 519.01 212.90 Td (Corporation ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 202.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 108.24 202.10 Td (at ) Tj ET Q q 0 0 0 rg BT 116.98 202.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 131.72 202.10 Td (value.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 191.30 Td (\(2\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 191.30 Td (Included ) Tj ET Q q 0 0 0 rg BT 105.74 191.30 Td (in ) Tj ET Q q 0 0 0 rg BT 114.99 191.30 Td (other ) Tj ET Q q 0 0 0 rg BT 135.73 191.30 Td (noncurrent ) Tj ET Q q 0 0 0 rg BT 176.96 191.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 200.21 191.30 Td (in ) Tj ET Q q 0 0 0 rg BT 209.46 191.30 Td (the ) Tj ET Q q 0 0 0 rg BT 222.71 191.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 270.44 191.30 Td (balance ) Tj ET Q q 0 0 0 rg BT 300.17 191.30 Td (sheets.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 180.50 Td (\(3\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 180.50 Td (Included ) Tj ET Q q 0 0 0 rg BT 105.74 180.50 Td (in ) Tj ET Q q 0 0 0 rg BT 114.99 180.50 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 144.22 180.50 Td (expenses ) Tj ET Q q 0 0 0 rg BT 178.96 180.50 Td (and ) Tj ET Q q 0 0 0 rg BT 194.21 180.50 Td (other ) Tj ET Q q 0 0 0 rg BT 214.95 180.50 Td (current ) Tj ET Q q 0 0 0 rg BT 242.68 180.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 265.93 180.50 Td (in ) Tj ET Q q 0 0 0 rg BT 275.18 180.50 Td (the ) Tj ET Q q 0 0 0 rg BT 288.43 180.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 336.16 180.50 Td (balance ) Tj ET Q q 0 0 0 rg BT 365.89 180.50 Td (sheets.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 169.70 Td (\(4\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 169.70 Td (Included ) Tj ET Q q 0 0 0 rg BT 105.74 169.70 Td (in ) Tj ET Q q 0 0 0 rg BT 114.99 169.70 Td (accrued ) Tj ET Q q 0 0 0 rg BT 145.21 169.70 Td (expenses ) Tj ET Q q 0 0 0 rg BT 179.95 169.70 Td (and ) Tj ET Q q 0 0 0 rg BT 195.20 169.70 Td (other ) Tj ET Q q 0 0 0 rg BT 215.94 169.70 Td (current ) Tj ET Q q 0 0 0 rg BT 243.67 169.70 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 279.42 169.70 Td (in ) Tj ET Q q 0 0 0 rg BT 288.67 169.70 Td (the ) Tj ET Q q 0 0 0 rg BT 301.91 169.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 349.65 169.70 Td (balance ) Tj ET Q q 0 0 0 rg BT 379.38 169.70 Td (sheets.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 158.90 Td (\(5\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 158.90 Td (Included ) Tj ET Q q 0 0 0 rg BT 105.74 158.90 Td (in ) Tj ET Q q 0 0 0 rg BT 114.99 158.90 Td (other ) Tj ET Q q 0 0 0 rg BT 135.73 158.90 Td (noncurrent ) Tj ET Q q 0 0 0 rg BT 176.96 158.90 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 212.71 158.90 Td (in ) Tj ET Q q 0 0 0 rg BT 221.96 158.90 Td (the ) Tj ET Q q 0 0 0 rg BT 235.20 158.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 282.94 158.90 Td (balance ) Tj ET Q q 0 0 0 rg BT 312.67 158.90 Td (sheets.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.00 148.10 Td (\(6\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 148.10 Td (Includes ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 103.80 148.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 114.11 148.10 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 140.11 148.10 Td ( ) Tj ET Q q 0 0 0 rg BT 141.42 148.10 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 155.72 148.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 166.03 148.10 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.03 148.10 Td ( ) Tj ET Q q 0 0 0 rg BT 193.34 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.15 148.10 Td (noncurrent ) Tj ET Q q 0 0 0 rg BT 242.44 148.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 284.22 148.10 Td (in ) Tj ET Q q 0 0 0 rg BT 292.53 148.10 Td (other ) Tj ET Q q 0 0 0 rg BT 312.33 148.10 Td (noncurrent ) Tj ET Q q 0 0 0 rg BT 352.62 148.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 374.93 148.10 Td (in ) Tj ET Q q 0 0 0 rg BT 383.24 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.54 148.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 442.34 148.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 471.13 148.10 Td (sheets ) Tj ET Q q 0 0 0 rg BT 494.43 148.10 Td (as ) Tj ET Q q 0 0 0 rg BT 503.23 148.10 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.04 148.10 Td (December31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 137.30 Td (2016 ) Tj ET Q q 0 0 0 rg BT 92.25 137.30 Td (and ) Tj ET Q q 0 0 0 rg BT 107.49 137.30 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 125.49 137.30 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 119.30 Td (In ) Tj ET Q q 0 0 0 rg BT 69.17 119.30 Td (addition ) Tj ET Q q 0 0 0 rg BT 104.27 119.30 Td (to ) Tj ET Q q 0 0 0 rg BT 114.39 119.30 Td (the ) Tj ET Q q 0 0 0 rg BT 128.94 119.30 Td (recurring ) Tj ET Q q 0 0 0 rg BT 167.92 119.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 184.13 119.30 Td (value ) Tj ET Q q 0 0 0 rg BT 208.12 119.30 Td (measurements, ) Tj ET Q q 0 0 0 rg BT 270.16 119.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 299.70 119.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 325.37 119.30 Td (are ) Tj ET Q q 0 0 0 rg BT 339.91 119.30 Td (measured ) Tj ET Q q 0 0 0 rg BT 380.56 119.30 Td (at ) Tj ET Q q 0 0 0 rg BT 390.11 119.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 406.32 119.30 Td (value ) Tj ET Q q 0 0 0 rg BT 430.31 119.30 Td (on ) Tj ET Q q 0 0 0 rg BT 442.65 119.30 Td (a ) Tj ET Q q 0 0 0 rg BT 449.42 119.30 Td (non-recurring ) Tj ET Q q 0 0 0 rg BT 506.73 119.30 Td (basis ) Tj ET Q q 0 0 0 rg BT 529.07 119.30 Td (when ) Tj ET Q q 0 0 0 rg BT 553.07 119.30 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 107.30 Td (indication ) Tj ET Q q 0 0 0 rg BT 93.03 107.30 Td (of ) Tj ET Q q 0 0 0 rg BT 104.89 107.30 Td (impairment ) Tj ET Q q 0 0 0 rg BT 154.53 107.30 Td (is ) Tj ET Q q 0 0 0 rg BT 164.74 107.30 Td (identified ) Tj ET Q q 0 0 0 rg BT 206.59 107.30 Td (and ) Tj ET Q q 0 0 0 rg BT 224.57 107.30 Td (the ) Tj ET Q q 0 0 0 rg BT 240.32 107.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 267.19 107.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 284.60 107.30 Td (value ) Tj ET Q q 0 0 0 rg BT 309.79 107.30 Td (is ) Tj ET Q q 0 0 0 rg BT 320.00 107.30 Td (determined ) Tj ET Q q 0 0 0 rg BT 368.52 107.30 Td (to ) Tj ET Q q 0 0 0 rg BT 379.83 107.30 Td (be ) Tj ET Q q 0 0 0 rg BT 392.81 107.30 Td (less ) Tj ET Q q 0 0 0 rg BT 411.34 107.30 Td (than ) Tj ET Q q 0 0 0 rg BT 432.10 107.30 Td (its ) Tj ET Q q 0 0 0 rg BT 445.08 107.30 Td (carrying ) Tj ET Q q 0 0 0 rg BT 481.93 107.30 Td (value. ) Tj ET Q q 0 0 0 rg BT 509.63 107.30 Td (See ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 527.60 107.30 Td (Note ) Tj ET Q q 0 0 0 rg BT 550.02 107.30 Td (14. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 95.30 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 111.99 95.30 Td (Information ) Tj ET Q q 0 0 0 rg BT 162.26 95.30 Td (- ) Tj ET Q q 0 0 0 rg BT 168.09 95.30 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 217.25 95.30 Td (Char) Tj ET Q q 0 0 0 rg BT 237.44 95.30 Td (ges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.77 95.30 Td ( ) Tj ET Q q 0 0 0 rg BT 253.27 95.30 Td (for ) Tj ET Q q 0 0 0 rg BT 267.43 95.30 Td (additional ) Tj ET Q q 0 0 0 rg BT 309.92 95.30 Td (information.) Tj ET Q endstream endobj 193 0 obj <>] /Rotate 0 /Contents 194 0 R>> endobj 194 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (96) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 726.25 Td (NOTE13.DERIV) Tj ET Q q 0 0 0 rg BT 126.28 726.25 Td (A) Tj ET Q q 0 0 0 rg BT 132.76 726.25 Td (TIVE INSTRUMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 702.25 Td (The ) Tj ET Q q 0 0 0 rg BT 80.35 702.25 Td (following ) Tj ET Q q 0 0 0 rg BT 122.53 702.25 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 170.27 702.25 Td (summarize ) Tj ET Q q 0 0 0 rg BT 217.44 702.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.96 702.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 250.14 702.25 Td (value ) Tj ET Q q 0 0 0 rg BT 275.09 702.25 Td (of ) Tj ET Q q 0 0 0 rg BT 286.72 702.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 330.00 702.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 379.97 702.25 Td (not ) Tj ET Q q 0 0 0 rg BT 396.04 702.25 Td (designated ) Tj ET Q q 0 0 0 rg BT 442.11 702.25 Td (as ) Tj ET Q q 0 0 0 rg BT 453.74 702.25 Td (hedging ) Tj ET Q q 0 0 0 rg BT 489.25 702.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 539.22 702.25 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 702.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 101.92 690.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 134.32 690.25 Td (sheets ) Tj ET Q q 0 0 0 rg BT 160.63 690.25 Td (and ) Tj ET Q q 0 0 0 rg BT 176.95 690.25 Td (the ) Tj ET Q q 0 0 0 rg BT 191.04 690.25 Td (ef) Tj ET Q q 0 0 0 rg BT 198.63 690.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 215.49 690.25 Td (of ) Tj ET Q q 0 0 0 rg BT 225.69 690.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 259.77 690.25 Td (in ) Tj ET Q q 0 0 0 rg BT 269.42 690.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 285.17 690.25 Td (value ) Tj ET Q q 0 0 0 rg BT 308.70 690.25 Td (related ) Tj ET Q q 0 0 0 rg BT 337.78 690.25 Td (to ) Tj ET Q q 0 0 0 rg BT 347.43 690.25 Td (those ) Tj ET Q q 0 0 0 rg BT 370.41 690.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 412.27 690.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 460.81 690.25 Td (not ) Tj ET Q q 0 0 0 rg BT 475.46 690.25 Td (designated ) Tj ET Q q 0 0 0 rg BT 520.10 690.25 Td (as ) Tj ET Q q 0 0 0 rg BT 530.30 690.25 Td (hedging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 98.67 678.25 Td (on ) Tj ET Q q 0 0 0 rg BT 111.17 678.25 Td (the ) Tj ET Q q 0 0 0 rg BT 125.88 678.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 178.92 678.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 223.64 678.25 Td (of ) Tj ET Q q 0 0 0 rg BT 234.47 678.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 278.62 678.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 292.23 678.25 Td (millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 627.75 188.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.00 627.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.00 627.75 183.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 627.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 627.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 627.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 627.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 654.75 m 494 654.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 654.75 m 498 654.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 654.75 m 563 654.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 641.75 m 238 641.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 641.75 m 425 641.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 654.75 m 494 654.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 641.75 m 494 641.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 654.75 m 563 654.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 641.75 m 563 641.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 653.98 Td (Derivative Instruments Not Designated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 645.98 Td (As Hedging Instruments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.50 659.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.50 658.98 Td (FairValueasof December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.00 645.98 Td (BalanceSheetLocation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.00 645.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 645.98 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 632.20 Td (Asset Derivatives:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 617.21 Td (Foreign currency hedges) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 244.50 617.21 Td (Prepaid expenses and other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 617.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 617.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 617.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 617.42 Td (6) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 538.75 162.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 538.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.00 538.75 178.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 538.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 538.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 538.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 538.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 538.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 538.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 506.75 162.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 506.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.00 506.75 178.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 506.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 506.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 506.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 506.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 506.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 506.75 52.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 572.75 m 450 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 572.75 m 454 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 572.75 m 506 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 572.75 m 510 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 572.75 m 562 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 551.75 m 212 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216 551.75 m 394 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 572.75 m 450 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 551.75 m 450 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 551.75 m 454 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 551.75 m 506 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 551.75 m 510 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 551.75 m 562 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 551.75 m 450 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 538.75 m 450 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 551.75 m 506 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 538.75 m 506 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 551.75 m 562 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 538.75 m 562 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 538.75 m 450 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 538.75 m 506 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 538.75 m 562 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 491.75 m 450 491.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 491.75 m 506 491.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 491.75 m 562 491.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 477.75 m 450 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 475.75 m 450 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 477.75 m 506 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 475.75 m 506 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 477.75 m 562 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 475.75 m 562 475.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.25 584.98 Td (AmountofGain\(Loss\) Recognized In Income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.90 576.98 Td (on Derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 563.98 Td (Effect on Income of Derivative Instruments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 555.98 Td (Not Designated As Hedging Instruments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 238.90 563.98 Td (LocationofGainor) Tj ET Q q 0 0 0 rg BT 306.09 563.98 Td (\(Loss\) Recognized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.90 555.98 Td (in Income on Derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.25 555.98 Td (For the Years Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.50 542.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.50 542.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.50 542.98 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 528.21 Td (Foreign currency hedge) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 218.50 528.21 Td (Other expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.50 528.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.80 528.47 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 528.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.50 528.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 528.42 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 528.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 528.42 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 511.21 Td (Note hedge) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 218.50 511.21 Td (Non-cash convertible debt related expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.15 511.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 511.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 511.42 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 496.21 Td (Cash conversion option) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 218.50 496.21 Td (Non-cash convertible debt related expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.15 496.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 496.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 496.47 Td (\(5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 496.42 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 481.21 Td (Effect on income of derivative instruments not designated as hedging instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.50 481.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.80 481.47 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 481.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.50 481.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 481.42 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 481.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 481.42 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 459.25 Td (For) Tj ET Q q 0 0 0 rg BT 64.87 459.25 Td (eign ) Tj ET Q q 0 0 0 rg BT 85.14 459.25 Td (Curr) Tj ET Q q 0 0 0 rg BT 106.62 459.25 Td (ency ) Tj ET Q q 0 0 0 rg BT 128.56 459.25 Td (Hedge) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 441.25 Td (In ) Tj ET Q q 0 0 0 rg BT 69.01 441.25 Td (order ) Tj ET Q q 0 0 0 rg BT 92.29 441.25 Td (to ) Tj ET Q q 0 0 0 rg BT 102.25 441.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 128.31 441.25 Td (the ) Tj ET Q q 0 0 0 rg BT 142.71 441.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 159.89 441.25 Td (of ) Tj ET Q q 0 0 0 rg BT 170.40 441.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 203.12 441.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 234.18 441.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 271.34 441.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 311.27 441.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 328.44 441.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 377.83 441.25 Td (impacting ) Tj ET Q q 0 0 0 rg BT 420.00 441.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.40 441.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 472.12 441.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 489.85 441.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 527.56 441.25 Td (from ) Tj ET Q q 0 0 0 rg BT 549.18 441.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 429.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 76.64 429.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 109.31 429.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 153.10 429.25 Td (in ) Tj ET Q q 0 0 0 rg BT 163.02 429.25 Td (China ) Tj ET Q q 0 0 0 rg BT 189.04 429.25 Td (\(See ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 208.95 429.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 229.98 429.25 Td (4.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 237.48 429.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 239.62 429.25 Td (Dispositions, ) Tj ET Q q 0 0 0 rg BT 294.12 429.25 Td (Assets ) Tj ET Q q 0 0 0 rg BT 321.26 429.25 Td (Held ) Tj ET Q q 0 0 0 rg BT 342.84 429.25 Td (for ) Tj ET Q q 0 0 0 rg BT 356.65 429.25 Td (Sale ) Tj ET Q q 0 0 0 rg BT 376.01 429.25 Td (and ) Tj ET Q q 0 0 0 rg BT 393.15 429.25 Td (Discontinued ) Tj ET Q q 0 0 0 rg BT 448.62 429.25 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.62 429.25 Td (\), ) Tj ET Q q 0 0 0 rg BT 501.59 429.25 Td (we ) Tj ET Q q 0 0 0 rg BT 515.39 429.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 546.95 429.25 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 417.25 Td (a ) Tj ET Q q 0 0 0 rg BT 57.30 417.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 89.53 417.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 127.86 417.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 168.97 417.25 Td (collar ) Tj ET Q q 0 0 0 rg BT 195.09 417.25 Td (with ) Tj ET Q q 0 0 0 rg BT 216.23 417.25 Td (two ) Tj ET Q q 0 0 0 rg BT 234.59 417.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 272.92 417.25 Td (institutions ) Tj ET Q q 0 0 0 rg BT 320.73 417.25 Td (covering ) Tj ET Q q 0 0 0 rg BT 359.08 417.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.19 417.25 Td ($100 ) Tj ET Q q 0 0 0 rg BT 443.55 417.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.44 417.25 Td ( ) Tj ET Q q 0 0 0 rg BT 475.80 417.25 Td (of ) Tj ET Q q 0 0 0 rg BT 487.48 417.25 Td (notional ) Tj ET Q q 0 0 0 rg BT 523.61 417.25 Td (to ) Tj ET Q q 0 0 0 rg BT 534.75 417.25 Td (protect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 405.25 Td (against ) Tj ET Q q 0 0 0 rg BT 79.67 405.25 Td (further ) Tj ET Q q 0 0 0 rg BT 108.71 405.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 125.54 405.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 174.59 405.25 Td (pending ) Tj ET Q q 0 0 0 rg BT 208.65 405.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.71 405.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 240.10 405.25 Td (of ) Tj ET Q q 0 0 0 rg BT 250.27 405.25 Td (our ) Tj ET Q q 0 0 0 rg BT 265.44 405.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 308.94 405.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 340.21 405.25 Td (to ) Tj ET Q q 0 0 0 rg BT 349.83 405.25 Td (CITIC, ) Tj ET Q q 0 0 0 rg BT 380.28 405.25 Td (which ) Tj ET Q q 0 0 0 rg BT 406.56 405.25 Td (was ) Tj ET Q q 0 0 0 rg BT 423.95 405.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 467.44 405.25 Td (during ) Tj ET Q q 0 0 0 rg BT 495.39 405.25 Td (September ) Tj ET Q q 0 0 0 rg BT 540.00 405.25 Td (2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 393.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.32 393.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 98.46 393.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 135.71 393.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 161.85 393.25 Td (is ) Tj ET Q q 0 0 0 rg BT 170.79 393.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 213.60 393.25 Td (for ) Tj ET Q q 0 0 0 rg BT 227.53 393.25 Td (as ) Tj ET Q q 0 0 0 rg BT 238.13 393.25 Td (a ) Tj ET Q q 0 0 0 rg BT 244.83 393.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 287.08 393.25 Td (instrument ) Tj ET Q q 0 0 0 rg BT 332.13 393.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 351.33 393.25 Td (as ) Tj ET Q q 0 0 0 rg BT 361.93 393.25 Td (such, ) Tj ET Q q 0 0 0 rg BT 385.03 393.25 Td (was ) Tj ET Q q 0 0 0 rg BT 402.85 393.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 440.10 393.25 Td (at ) Tj ET Q q 0 0 0 rg BT 449.59 393.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 465.73 393.25 Td (value ) Tj ET Q q 0 0 0 rg BT 489.66 393.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 528.02 393.25 Td (with ) Tj ET Q q 0 0 0 rg BT 548.07 393.25 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 381.25 Td (change ) Tj ET Q q 0 0 0 rg BT 79.65 381.25 Td (in ) Tj ET Q q 0 0 0 rg BT 89.26 381.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 104.97 381.25 Td (value ) Tj ET Q q 0 0 0 rg BT 128.46 381.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 174.16 381.25 Td (in ) Tj ET Q q 0 0 0 rg BT 183.77 381.25 Td (our ) Tj ET Q q 0 0 0 rg BT 198.93 381.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 251.31 381.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 295.35 381.25 Td (of ) Tj ET Q q 0 0 0 rg BT 305.52 381.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 349.00 381.25 Td (as ) Tj ET Q q 0 0 0 rg BT 359.17 381.25 Td (other ) Tj ET Q q 0 0 0 rg BT 381.55 381.25 Td (expense, ) Tj ET Q q 0 0 0 rg BT 418.09 381.25 Td (net. ) Tj ET Q q 0 0 0 rg BT 434.64 381.25 Td (During ) Tj ET Q q 0 0 0 rg BT 464.80 381.25 Td (the ) Tj ET Q q 0 0 0 rg BT 478.85 381.25 Td (twelve ) Tj ET Q q 0 0 0 rg BT 507.34 381.25 Td (months ) Tj ET Q q 0 0 0 rg BT 538.62 381.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 369.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 107.69 369.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.69 369.25 Td (, ) Tj ET Q q 0 0 0 rg BT 132.29 369.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 152.17 369.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 189.82 369.25 Td (by ) Tj ET Q q 0 0 0 rg BT 201.92 369.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 232.90 369.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 269.98 369.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 309.84 369.25 Td (settlements ) Tj ET Q q 0 0 0 rg BT 356.94 369.25 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.25 369.25 Td ($5 ) Tj ET Q q 0 0 0 rg BT 398.36 369.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.25 369.25 Td ( ) Tj ET Q q 0 0 0 rg BT 429.35 369.25 Td (and ) Tj ET Q q 0 0 0 rg BT 445.90 369.25 Td (was ) Tj ET Q q 0 0 0 rg BT 463.55 369.25 Td (included ) Tj ET Q q 0 0 0 rg BT 500.09 369.25 Td (in ) Tj ET Q q 0 0 0 rg BT 509.97 369.25 Td (net ) Tj ET Q q 0 0 0 rg BT 524.29 369.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 544.17 369.25 Td (used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 357.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 357.25 Td (investing ) Tj ET Q q 0 0 0 rg BT 98.94 357.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 137.54 357.25 Td (on ) Tj ET Q q 0 0 0 rg BT 150.04 357.25 Td (our ) Tj ET Q q 0 0 0 rg BT 165.87 357.25 Td (condensed ) Tj ET Q q 0 0 0 rg BT 210.58 357.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 263.62 357.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 304.44 357.25 Td (of ) Tj ET Q q 0 0 0 rg BT 315.27 357.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 335.54 357.25 Td (flows. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 339.25 Td (As ) Tj ET Q q 0 0 0 rg BT 71.66 339.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.04 339.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 140.17 339.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.17 339.25 Td (, ) Tj ET Q q 0 0 0 rg BT 164.72 339.25 Td (we ) Tj ET Q q 0 0 0 rg BT 178.42 339.25 Td (received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.33 339.25 Td ($105 ) Tj ET Q q 0 0 0 rg BT 236.38 339.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.27 339.25 Td ( ) Tj ET Q q 0 0 0 rg BT 267.32 339.25 Td (of ) Tj ET Q q 0 0 0 rg BT 277.70 339.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 300.86 339.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 318.45 339.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 356.04 339.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 388.63 339.25 Td (to ) Tj ET Q q 0 0 0 rg BT 398.45 339.25 Td (the ) Tj ET Q q 0 0 0 rg BT 412.72 339.25 Td (aforementioned ) Tj ET Q q 0 0 0 rg BT 477.51 339.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 495.11 339.25 Td (of ) Tj ET Q q 0 0 0 rg BT 505.48 339.25 Td (our ) Tj ET Q q 0 0 0 rg BT 520.86 339.25 Td (ownership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 327.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 86.52 327.25 Td (to ) Tj ET Q q 0 0 0 rg BT 97.98 327.25 Td (CITIC ) Tj ET Q q 0 0 0 rg BT 127.78 327.25 Td (and ) Tj ET Q q 0 0 0 rg BT 145.91 327.25 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 188.19 327.25 Td (settled ) Tj ET Q q 0 0 0 rg BT 217.98 327.25 Td (or ) Tj ET Q q 0 0 0 rg BT 230.00 327.25 Td (canceled ) Tj ET Q q 0 0 0 rg BT 268.66 327.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 312.89 327.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 345.46 327.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 384.13 327.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 425.57 327.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 473.13 327.25 Td (related ) Tj ET Q q 0 0 0 rg BT 504.03 327.25 Td (to ) Tj ET Q q 0 0 0 rg BT 515.50 327.25 Td (this ) Tj ET Q q 0 0 0 rg BT 533.63 327.25 Td (hedged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 315.25 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 98.16 315.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 135.44 315.25 Td (in ) Tj ET Q q 0 0 0 rg BT 145.50 315.25 Td (a ) Tj ET Q q 0 0 0 rg BT 152.22 315.25 Td (current ) Tj ET Q q 0 0 0 rg BT 182.82 315.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 204.54 315.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 237.36 315.25 Td (of ) Tj ET Q q 0 0 0 rg BT 247.97 315.25 Td (zero. ) Tj ET Q q 0 0 0 rg BT 269.46 315.25 Td (As ) Tj ET Q q 0 0 0 rg BT 282.86 315.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.47 315.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 351.84 315.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.84 315.25 Td (, ) Tj ET Q q 0 0 0 rg BT 376.62 315.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.13 315.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 407.29 315.25 Td (value ) Tj ET Q q 0 0 0 rg BT 431.23 315.25 Td (of ) Tj ET Q q 0 0 0 rg BT 441.84 315.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.34 315.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 487.50 315.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 524.76 315.25 Td (exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 303.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 95.87 303.25 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.70 303.25 Td ($6 ) Tj ET Q q 0 0 0 rg BT 119.20 303.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.09 303.25 Td (, ) Tj ET Q q 0 0 0 rg BT 153.09 303.25 Td (pre-tax, ) Tj ET Q q 0 0 0 rg BT 186.41 303.25 Td (was ) Tj ET Q q 0 0 0 rg BT 204.46 303.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 241.94 303.25 Td (as ) Tj ET Q q 0 0 0 rg BT 252.77 303.25 Td (a ) Tj ET Q q 0 0 0 rg BT 259.71 303.25 Td (current ) Tj ET Q q 0 0 0 rg BT 290.52 303.25 Td (asset. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 279.25 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 279.25 Td (e have also entered into foreign currency forwards to manage foreign currency exchange rate fluctuations associated with a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 267.25 Td (series of fixed payments to be made by an international subsidiary through the end of 2017. ) Tj ET Q q 0 0 0 rg BT 417.84 267.25 Td (This foreign currency forward is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 255.25 Td (accounted for as a derivative instrument at fair value in our consolidated balance sheet with any changes in fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 243.25 Td (recognized in our consolidated statements of operations as "Other expense, net." ) Tj ET Q q 0 0 0 rg BT 373.22 243.25 Td (This derivative instrument was not material to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 231.25 Td (our consolidated statement of operations nor was it material to our condensed consolidated balance sheet as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.97 231.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 219.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 219.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 201.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 72.97 201.25 Td (Conversion ) Tj ET Q q 0 0 0 rg BT 123.66 201.25 Td (Option, ) Tj ET Q q 0 0 0 rg BT 157.97 201.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 179.76 201.25 Td (Hedge ) Tj ET Q q 0 0 0 rg BT 208.77 201.25 Td (and ) Tj ET Q q 0 0 0 rg BT 226.70 201.25 Td (Contingent ) Tj ET Q q 0 0 0 rg BT 276.28 201.25 Td (Inter) Tj ET Q q 0 0 0 rg BT 297.76 201.25 Td (est ) Tj ET Q q 0 0 0 rg BT 311.22 201.25 Td (featur) Tj ET Q q 0 0 0 rg BT 337.13 201.25 Td (es ) Tj ET Q q 0 0 0 rg BT 347.26 201.25 Td (r) Tj ET Q q 0 0 0 rg BT 351.52 201.25 Td (elated ) Tj ET Q q 0 0 0 rg BT 378.87 201.25 Td (to ) Tj ET Q q 0 0 0 rg BT 388.99 201.25 Td (the ) Tj ET Q q 0 0 0 rg BT 404.12 201.25 Td (3.25% ) Tj ET Q q 0 0 0 rg BT 433.42 201.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 456.89 201.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 509.24 201.25 Td (Senior) Tj ET Q q 0 0 0 rg BT 536.84 201.25 Td ( ) Tj ET Q q 0 0 0 rg BT 538.63 201.25 Td (Notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 183.25 Td (The ) Tj ET Q q 0 0 0 rg BT 76.09 183.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 95.90 183.25 Td (conversion ) Tj ET Q q 0 0 0 rg BT 141.82 183.25 Td (option ) Tj ET Q q 0 0 0 rg BT 169.42 183.25 Td (was ) Tj ET Q q 0 0 0 rg BT 187.02 183.25 Td (a ) Tj ET Q q 0 0 0 rg BT 193.50 183.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 235.52 183.25 Td (instrument ) Tj ET Q q 0 0 0 rg BT 280.34 183.25 Td (which ) Tj ET Q q 0 0 0 rg BT 306.82 183.25 Td (was ) Tj ET Q q 0 0 0 rg BT 324.42 183.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 361.44 183.25 Td (at ) Tj ET Q q 0 0 0 rg BT 370.70 183.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 386.62 183.25 Td (value ) Tj ET Q q 0 0 0 rg BT 410.32 183.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 448.45 183.25 Td (with ) Tj ET Q q 0 0 0 rg BT 468.28 183.25 Td (any ) Tj ET Q q 0 0 0 rg BT 484.76 183.25 Td (change ) Tj ET Q q 0 0 0 rg BT 515.12 183.25 Td (in ) Tj ET Q q 0 0 0 rg BT 524.94 183.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.86 183.25 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 171.25 Td (being ) Tj ET Q q 0 0 0 rg BT 74.22 171.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 120.58 171.25 Td (in ) Tj ET Q q 0 0 0 rg BT 130.86 171.25 Td (our ) Tj ET Q q 0 0 0 rg BT 146.70 171.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 199.74 171.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 244.46 171.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.29 171.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 299.45 171.25 Td (as ) Tj ET Q q 0 0 0 rg BT 310.28 171.25 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 348.88 171.25 Td (convertible ) Tj ET Q q 0 0 0 rg BT 396.36 171.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 416.08 171.25 Td (related ) Tj ET Q q 0 0 0 rg BT 445.79 171.25 Td (expense. ) Tj ET Q q 0 0 0 rg BT 482.82 171.25 Td (The ) Tj ET Q q 0 0 0 rg BT 500.86 171.25 Td (note ) Tj ET Q q 0 0 0 rg BT 520.58 171.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 546.96 171.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 159.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 93.07 159.25 Td (for ) Tj ET Q q 0 0 0 rg BT 107.76 159.25 Td (as ) Tj ET Q q 0 0 0 rg BT 119.13 159.25 Td (a ) Tj ET Q q 0 0 0 rg BT 126.61 159.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 169.62 159.25 Td (instrument ) Tj ET Q q 0 0 0 rg BT 215.43 159.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 235.41 159.25 Td (as ) Tj ET Q q 0 0 0 rg BT 246.77 159.25 Td (such, ) Tj ET Q q 0 0 0 rg BT 270.64 159.25 Td (was ) Tj ET Q q 0 0 0 rg BT 289.23 159.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 327.24 159.25 Td (at ) Tj ET Q q 0 0 0 rg BT 337.49 159.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 354.40 159.25 Td (value ) Tj ET Q q 0 0 0 rg BT 379.10 159.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 418.23 159.25 Td (with ) Tj ET Q q 0 0 0 rg BT 439.04 159.25 Td (any ) Tj ET Q q 0 0 0 rg BT 456.51 159.25 Td (change ) Tj ET Q q 0 0 0 rg BT 487.87 159.25 Td (in ) Tj ET Q q 0 0 0 rg BT 498.68 159.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 515.59 159.25 Td (value ) Tj ET Q q 0 0 0 rg BT 540.29 159.25 Td (being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 147.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 95.86 147.25 Td (in ) Tj ET Q q 0 0 0 rg BT 106.14 147.25 Td (our ) Tj ET Q q 0 0 0 rg BT 121.97 147.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 175.01 147.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 219.72 147.25 Td (of ) Tj ET Q q 0 0 0 rg BT 230.55 147.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 274.71 147.25 Td (as ) Tj ET Q q 0 0 0 rg BT 285.54 147.25 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 324.14 147.25 Td (convertible ) Tj ET Q q 0 0 0 rg BT 371.62 147.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 391.34 147.25 Td (related ) Tj ET Q q 0 0 0 rg BT 421.04 147.25 Td (expense.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 129.25 Td (The ) Tj ET Q q 0 0 0 rg BT 76.44 129.25 Td (3.25% ) Tj ET Q q 0 0 0 rg BT 104.67 129.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 130.40 129.25 Td (matured ) Tj ET Q q 0 0 0 rg BT 165.56 129.25 Td (on ) Tj ET Q q 0 0 0 rg BT 177.95 129.25 Td (June ) Tj ET Q q 0 0 0 rg BT 198.68 129.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 208.58 129.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 233.47 129.25 Td (Upon ) Tj ET Q q 0 0 0 rg BT 258.09 129.25 Td (maturity) Tj ET Q q 0 0 0 rg BT 291.32 129.25 Td (, ) Tj ET Q q 0 0 0 rg BT 296.22 129.25 Td (we ) Tj ET Q q 0 0 0 rg BT 310.28 129.25 Td (were ) Tj ET Q q 0 0 0 rg BT 332.10 129.25 Td (required ) Tj ET Q q 0 0 0 rg BT 367.81 129.25 Td (to ) Tj ET Q q 0 0 0 rg BT 377.99 129.25 Td (pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.82 129.25 Td ($83 ) Tj ET Q q 0 0 0 rg BT 412.22 129.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.11 129.25 Td ( ) Tj ET Q q 0 0 0 rg BT 443.51 129.25 Td (to ) Tj ET Q q 0 0 0 rg BT 453.68 129.25 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 482.19 129.25 Td (the ) Tj ET Q q 0 0 0 rg BT 496.80 129.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 539.75 129.25 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 117.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.71 117.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 85.46 117.25 Td (conversion ) Tj ET Q q 0 0 0 rg BT 132.33 117.25 Td (option ) Tj ET Q q 0 0 0 rg BT 160.88 117.25 Td (in ) Tj ET Q q 0 0 0 rg BT 171.65 117.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 207.41 117.25 Td (to ) Tj ET Q q 0 0 0 rg BT 218.18 117.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.38 117.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 271.92 117.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 304.90 117.25 Td (of ) Tj ET Q q 0 0 0 rg BT 316.22 117.25 Td (the ) Tj ET Q q 0 0 0 rg BT 331.43 117.25 Td (3.25% ) Tj ET Q q 0 0 0 rg BT 360.25 117.25 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 388.85 117.25 Td (The ) Tj ET Q q 0 0 0 rg BT 407.39 117.25 Td (note ) Tj ET Q q 0 0 0 rg BT 427.59 117.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 454.46 117.25 Td (settled ) Tj ET Q q 0 0 0 rg BT 483.55 117.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.20 117.25 Td ($83 ) Tj ET Q q 0 0 0 rg BT 516.19 117.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.08 117.25 Td ( ) Tj ET Q q 0 0 0 rg BT 548.07 117.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 105.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 105.25 Td (fectively ) Tj ET Q q 0 0 0 rg BT 95.02 105.25 Td (of) Tj ET Q q 0 0 0 rg BT 103.17 105.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 120.55 105.25 Td (our ) Tj ET Q q 0 0 0 rg BT 136.83 105.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 175.88 105.25 Td (to ) Tj ET Q q 0 0 0 rg BT 186.61 105.25 Td (the ) Tj ET Q q 0 0 0 rg BT 201.78 105.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 222.49 105.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 263.77 105.25 Td (in ) Tj ET Q q 0 0 0 rg BT 274.50 105.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 303.54 105.25 Td (of ) Tj ET Q q 0 0 0 rg BT 314.82 105.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.99 105.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 368.48 105.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 401.42 105.25 Td (made ) Tj ET Q q 0 0 0 rg BT 426.03 105.25 Td (under ) Tj ET Q q 0 0 0 rg BT 451.75 105.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.91 105.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 487.63 105.25 Td (conversion ) Tj ET Q q 0 0 0 rg BT 534.46 105.25 Td (option. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 93.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.55 93.25 Td (income ) Tj ET Q q 0 0 0 rg BT 99.48 93.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 145.84 93.25 Td (as ) Tj ET Q q 0 0 0 rg BT 156.67 93.25 Td (a ) Tj ET Q q 0 0 0 rg BT 163.61 93.25 Td (result ) Tj ET Q q 0 0 0 rg BT 188.33 93.25 Td (of ) Tj ET Q q 0 0 0 rg BT 199.16 93.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 233.87 93.25 Td (in ) Tj ET Q q 0 0 0 rg BT 244.14 93.25 Td (the ) Tj ET Q q 0 0 0 rg BT 258.86 93.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 284.12 93.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 323.84 93.25 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 370.22 93.25 Td (related ) Tj ET Q q 0 0 0 rg BT 399.92 93.25 Td (to ) Tj ET Q q 0 0 0 rg BT 410.20 93.25 Td (the ) Tj ET Q q 0 0 0 rg BT 424.92 93.25 Td (note ) Tj ET Q q 0 0 0 rg BT 444.63 93.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 471.01 93.25 Td (was ) Tj ET Q q 0 0 0 rg BT 489.06 93.25 Td (not ) Tj ET Q q 0 0 0 rg BT 504.34 93.25 Td (material.) Tj ET Q endstream endobj 195 0 obj <>] /Rotate 0 /Contents 196 0 R>> endobj 196 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (97) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 726.25 Td (Energy Price Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 708.25 Td (Following ) Tj ET Q q 0 0 0 rg BT 101.34 708.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.29 708.25 Td (expiration ) Tj ET Q q 0 0 0 rg BT 157.55 708.25 Td (of ) Tj ET Q q 0 0 0 rg BT 167.61 708.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 196.53 708.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 237.69 708.25 Td (ener) Tj ET Q q 0 0 0 rg BT 254.72 708.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 266.44 708.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 287.61 708.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 327.93 708.25 Td (we ) Tj ET Q q 0 0 0 rg BT 341.31 708.25 Td (may ) Tj ET Q q 0 0 0 rg BT 360.25 708.25 Td (have ) Tj ET Q q 0 0 0 rg BT 380.86 708.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 418.68 708.25 Td (to ) Tj ET Q q 0 0 0 rg BT 428.18 708.25 Td (market ) Tj ET Q q 0 0 0 rg BT 457.67 708.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 476.90 708.25 Td (and ) Tj ET Q q 0 0 0 rg BT 493.06 708.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 530.87 708.25 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 696.25 Td (fluctuations, ) Tj ET Q q 0 0 0 rg BT 102.79 696.25 Td (in ) Tj ET Q q 0 0 0 rg BT 114.14 696.25 Td (ener) Tj ET Q q 0 0 0 rg BT 131.17 696.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 144.74 696.25 Td (markets. ) Tj ET Q q 0 0 0 rg BT 182.21 696.25 Td (W) Tj ET Q q 0 0 0 rg BT 190.85 696.25 Td (e ) Tj ET Q q 0 0 0 rg BT 198.86 696.25 Td (have ) Tj ET Q q 0 0 0 rg BT 221.31 696.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 254.31 696.25 Td (into ) Tj ET Q q 0 0 0 rg BT 273.44 696.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 321.43 696.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 378.87 696.25 Td (that ) Tj ET Q q 0 0 0 rg BT 397.44 696.25 Td (will ) Tj ET Q q 0 0 0 rg BT 416.57 696.25 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 452.91 696.25 Td (our ) Tj ET Q q 0 0 0 rg BT 469.82 696.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 509.49 696.25 Td (to ) Tj ET Q q 0 0 0 rg BT 520.84 696.25 Td (short-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 684.25 Td (volatility ) Tj ET Q q 0 0 0 rg BT 88.13 684.25 Td (through ) Tj ET Q q 0 0 0 rg BT 121.76 684.25 Td (a ) Tj ET Q q 0 0 0 rg BT 128.73 684.25 Td (variety ) Tj ET Q q 0 0 0 rg BT 159.01 684.25 Td (of ) Tj ET Q q 0 0 0 rg BT 169.87 684.25 Td (hedging ) Tj ET Q q 0 0 0 rg BT 204.61 684.25 Td (techniques, ) Tj ET Q q 0 0 0 rg BT 252.39 684.25 Td (and ) Tj ET Q q 0 0 0 rg BT 269.36 684.25 Td (will ) Tj ET Q q 0 0 0 rg BT 287.44 684.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 324.39 684.25 Td (to ) Tj ET Q q 0 0 0 rg BT 334.69 684.25 Td (do ) Tj ET Q q 0 0 0 rg BT 347.22 684.25 Td (so ) Tj ET Q q 0 0 0 rg BT 358.63 684.25 Td (in ) Tj ET Q q 0 0 0 rg BT 368.93 684.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.67 684.25 Td (future. ) Tj ET Q q 0 0 0 rg BT 412.58 684.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 430.65 684.25 Td (ef) Tj ET Q q 0 0 0 rg BT 438.24 684.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 459.09 684.25 Td (in ) Tj ET Q q 0 0 0 rg BT 469.39 684.25 Td (this ) Tj ET Q q 0 0 0 rg BT 486.37 684.25 Td (regard ) Tj ET Q q 0 0 0 rg BT 514.43 684.25 Td (will ) Tj ET Q q 0 0 0 rg BT 532.51 684.25 Td (involve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 672.25 Td (only ) Tj ET Q q 0 0 0 rg BT 69.47 672.25 Td (mitigation ) Tj ET Q q 0 0 0 rg BT 112.77 672.25 Td (of ) Tj ET Q q 0 0 0 rg BT 123.29 672.25 Td (price ) Tj ET Q q 0 0 0 rg BT 145.46 672.25 Td (volatility ) Tj ET Q q 0 0 0 rg BT 183.76 672.25 Td (for ) Tj ET Q q 0 0 0 rg BT 197.61 672.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.02 672.25 Td (ener) Tj ET Q q 0 0 0 rg BT 229.04 672.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 241.23 672.25 Td (we ) Tj ET Q q 0 0 0 rg BT 255.08 672.25 Td (produce, ) Tj ET Q q 0 0 0 rg BT 291.98 672.25 Td (and ) Tj ET Q q 0 0 0 rg BT 308.61 672.25 Td (will ) Tj ET Q q 0 0 0 rg BT 326.36 672.25 Td (not ) Tj ET Q q 0 0 0 rg BT 341.32 672.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 373.51 672.25 Td (taking ) Tj ET Q q 0 0 0 rg BT 400.69 672.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 439.00 672.25 Td (\(either ) Tj ET Q q 0 0 0 rg BT 467.29 672.25 Td (long ) Tj ET Q q 0 0 0 rg BT 487.25 672.25 Td (or ) Tj ET Q q 0 0 0 rg BT 497.77 672.25 Td (short\) ) Tj ET Q q 0 0 0 rg BT 523.29 672.25 Td (on ) Tj ET Q q 0 0 0 rg BT 535.48 672.25 Td (ener) Tj ET Q q 0 0 0 rg BT 552.51 672.25 Td (gy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 660.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 76.06 660.25 Td (in ) Tj ET Q q 0 0 0 rg BT 86.53 660.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 115.32 660.25 Td (of ) Tj ET Q q 0 0 0 rg BT 126.34 660.25 Td (our ) Tj ET Q q 0 0 0 rg BT 142.35 660.25 Td (physical ) Tj ET Q q 0 0 0 rg BT 178.37 660.25 Td (generation. ) Tj ET Q q 0 0 0 rg BT 225.56 660.25 Td (The ) Tj ET Q q 0 0 0 rg BT 243.80 660.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 276.48 660.25 Td (of ) Tj ET Q q 0 0 0 rg BT 287.50 660.25 Td (ener) Tj ET Q q 0 0 0 rg BT 304.53 660.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 317.21 660.25 Td (generation ) Tj ET Q q 0 0 0 rg BT 362.10 660.25 Td (for ) Tj ET Q q 0 0 0 rg BT 376.45 660.25 Td (which ) Tj ET Q q 0 0 0 rg BT 403.58 660.25 Td (we ) Tj ET Q q 0 0 0 rg BT 417.93 660.25 Td (have ) Tj ET Q q 0 0 0 rg BT 439.49 660.25 Td (hedged ) Tj ET Q q 0 0 0 rg BT 471.06 660.25 Td (under ) Tj ET Q q 0 0 0 rg BT 496.51 660.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 544.73 660.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 648.25 Td (various ) Tj ET Q q 0 0 0 rg BT 81.44 648.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 118.92 648.25 Td (institutions ) Tj ET Q q 0 0 0 rg BT 165.87 648.25 Td (is ) Tj ET Q q 0 0 0 rg BT 175.04 648.25 Td (indicated ) Tj ET Q q 0 0 0 rg BT 214.19 648.25 Td (in ) Tj ET Q q 0 0 0 rg BT 224.47 648.25 Td (the ) Tj ET Q q 0 0 0 rg BT 239.19 648.25 Td (following ) Tj ET Q q 0 0 0 rg BT 280.57 648.25 Td (table ) Tj ET Q q 0 0 0 rg BT 302.51 648.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 316.12 648.25 Td (millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 207.00 616.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 616.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 616.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.00 586.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 586.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 586.75 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 616.75 m 307 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 616.75 m 413 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 616.75 m 307 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 616.75 m 413 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 586.75 m 413 586.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 572.75 m 413 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 570.75 m 413 570.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.70 621.20 Td (Calendar Year) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 335.35 621.20 Td (Hedged MWh) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.50 606.42 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.25 606.42 Td (2.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.50 591.42 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.25 591.42 Td (1.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 245.55 576.43 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.25 576.42 Td (3.4) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 536.25 Td ( ) Tj ET Q q 0 0 0 rg BT 59.99 536.25 Td (As ) Tj ET Q q 0 0 0 rg BT 73.01 536.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.25 536.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 141.25 536.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.25 536.25 Td (, ) Tj ET Q q 0 0 0 rg BT 165.66 536.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.79 536.25 Td (net ) Tj ET Q q 0 0 0 rg BT 193.91 536.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 209.70 536.25 Td (value ) Tj ET Q q 0 0 0 rg BT 233.27 536.25 Td (of ) Tj ET Q q 0 0 0 rg BT 243.51 536.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.64 536.25 Td (ener) Tj ET Q q 0 0 0 rg BT 274.66 536.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 286.57 536.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 332.35 536.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.60 536.25 Td ($2 ) Tj ET Q q 0 0 0 rg BT 354.51 536.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.40 536.25 Td (, ) Tj ET Q q 0 0 0 rg BT 387.81 536.25 Td (pre-tax, ) Tj ET Q q 0 0 0 rg BT 420.53 536.25 Td (was ) Tj ET Q q 0 0 0 rg BT 438.00 536.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 474.88 536.25 Td (as ) Tj ET Q q 0 0 0 rg BT 485.12 536.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.47 536.25 Td ($3 ) Tj ET Q q 0 0 0 rg BT 503.38 536.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.28 536.25 Td ( ) Tj ET Q q 0 0 0 rg BT 534.19 536.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 73.13 524.25 Td (and ) Tj ET Q q 0 0 0 rg BT 91.76 524.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.39 524.25 Td ($1 ) Tj ET Q q 0 0 0 rg BT 114.59 524.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.48 524.25 Td ( ) Tj ET Q q 0 0 0 rg BT 147.67 524.25 Td (noncurrent ) Tj ET Q q 0 0 0 rg BT 195.18 524.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 230.48 524.25 Td (and ) Tj ET Q q 0 0 0 rg BT 249.11 524.25 Td (as ) Tj ET Q q 0 0 0 rg BT 261.64 524.25 Td (a ) Tj ET Q q 0 0 0 rg BT 270.27 524.25 Td (component ) Tj ET Q q 0 0 0 rg BT 318.89 524.25 Td (of ) Tj ET Q q 0 0 0 rg BT 330.49 524.25 Td (AOCI. ) Tj ET Q q 0 0 0 rg BT 360.70 524.25 Td (As ) Tj ET Q q 0 0 0 rg BT 376.01 524.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.53 524.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 448.81 524.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.81 524.25 Td (, ) Tj ET Q q 0 0 0 rg BT 475.50 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 491.91 524.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 526.10 524.25 Td (of ) Tj ET Q q 0 0 0 rg BT 538.62 524.25 Td (hedge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.25 Td (inef) Tj ET Q q 0 0 0 rg BT 64.87 512.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 111.14 512.25 Td (was ) Tj ET Q q 0 0 0 rg BT 128.54 512.25 Td (not ) Tj ET Q q 0 0 0 rg BT 143.16 512.25 Td (material. ) Tj ET Q q 0 0 0 rg BT 180.13 512.25 Td (The ) Tj ET Q q 0 0 0 rg BT 197.53 512.25 Td (net ) Tj ET Q q 0 0 0 rg BT 211.59 512.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 227.32 512.25 Td (value ) Tj ET Q q 0 0 0 rg BT 250.82 512.25 Td (ener) Tj ET Q q 0 0 0 rg BT 267.84 512.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 279.69 512.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 321.52 512.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 353.90 512.25 Td (of ) Tj ET Q q 0 0 0 rg BT 364.08 512.25 Td ($2 ) Tj ET Q q 0 0 0 rg BT 375.92 512.25 Td (million ) Tj ET Q q 0 0 0 rg BT 406.66 512.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 441.83 512.25 Td (a ) Tj ET Q q 0 0 0 rg BT 448.12 512.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 477.73 512.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 492.91 512.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 518.63 512.25 Td (transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.74 500.25 Td (1.3 ) Tj ET Q q 0 0 0 rg BT 74.15 500.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.04 500.25 Td ( ) Tj ET Q q 0 0 0 rg BT 104.96 500.25 Td (British ) Tj ET Q q 0 0 0 rg BT 133.96 500.25 Td (Thermal ) Tj ET Q q 0 0 0 rg BT 169.74 500.25 Td (Units ) Tj ET Q q 0 0 0 rg BT 193.32 500.25 Td (to ) Tj ET Q q 0 0 0 rg BT 203.01 500.25 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 237.69 500.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 275.70 500.25 Td (to ) Tj ET Q q 0 0 0 rg BT 285.39 500.25 Td (short-term ) Tj ET Q q 0 0 0 rg BT 328.96 500.25 Td (volatility ) Tj ET Q q 0 0 0 rg BT 366.98 500.25 Td (in ) Tj ET Q q 0 0 0 rg BT 376.67 500.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 405.78 500.25 Td (contracted ) Tj ET Q q 0 0 0 rg BT 449.33 500.25 Td (steam ) Tj ET Q q 0 0 0 rg BT 474.57 500.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 500.36 500.25 Td (during ) Tj ET Q q 0 0 0 rg BT 528.38 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 542.51 500.25 Td (2017 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.25 Td (calendar ) Tj ET Q q 0 0 0 rg BT 85.53 488.25 Td (year) Tj ET Q q 0 0 0 rg BT 102.18 488.25 Td (. ) Tj ET Q q 0 0 0 rg BT 106.37 488.25 Td (As ) Tj ET Q q 0 0 0 rg BT 119.64 488.25 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.47 488.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 188.72 488.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.72 488.25 Td (, ) Tj ET Q q 0 0 0 rg BT 213.38 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 227.76 488.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 243.80 488.25 Td (value ) Tj ET Q q 0 0 0 rg BT 267.62 488.25 Td (of ) Tj ET Q q 0 0 0 rg BT 278.11 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.49 488.25 Td (ener) Tj ET Q q 0 0 0 rg BT 309.52 488.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 321.68 488.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 367.72 488.25 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.55 488.25 Td ($21 ) Tj ET Q q 0 0 0 rg BT 395.71 488.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.60 488.25 Td (, ) Tj ET Q q 0 0 0 rg BT 429.27 488.25 Td (pre-tax, ) Tj ET Q q 0 0 0 rg BT 462.25 488.25 Td (was ) Tj ET Q q 0 0 0 rg BT 479.96 488.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 517.10 488.25 Td (as ) Tj ET Q q 0 0 0 rg BT 527.59 488.25 Td (a ) Tj ET Q q 0 0 0 rg BT 534.19 488.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 71.44 476.25 Td (and ) Tj ET Q q 0 0 0 rg BT 88.38 476.25 Td (as ) Tj ET Q q 0 0 0 rg BT 99.21 476.25 Td (a ) Tj ET Q q 0 0 0 rg BT 106.15 476.25 Td (component ) Tj ET Q q 0 0 0 rg BT 153.08 476.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.36 476.25 Td (AOCI. ) Tj ET Q q 0 0 0 rg BT 192.62 476.25 Td (The ) Tj ET Q q 0 0 0 rg BT 210.67 476.25 Td (change ) Tj ET Q q 0 0 0 rg BT 241.48 476.25 Td (in ) Tj ET Q q 0 0 0 rg BT 251.76 476.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 268.14 476.25 Td (value ) Tj ET Q q 0 0 0 rg BT 292.29 476.25 Td (was ) Tj ET Q q 0 0 0 rg BT 310.34 476.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 347.82 476.25 Td (as ) Tj ET Q q 0 0 0 rg BT 358.65 476.25 Td (a ) Tj ET Q q 0 0 0 rg BT 365.59 476.25 Td (component ) Tj ET Q q 0 0 0 rg BT 412.52 476.25 Td (of ) Tj ET Q q 0 0 0 rg BT 423.35 476.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 486.38 476.25 Td (income. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 458.25 Td (During ) Tj ET Q q 0 0 0 rg BT 88.88 458.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.14 458.25 Td (twelve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.79 458.25 Td ( ) Tj ET Q q 0 0 0 rg BT 131.84 458.25 Td (months ) Tj ET Q q 0 0 0 rg BT 163.33 458.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.25 458.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 247.38 458.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.38 458.25 Td (, ) Tj ET Q q 0 0 0 rg BT 271.93 458.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 291.74 458.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 329.33 458.25 Td (by ) Tj ET Q q 0 0 0 rg BT 341.38 458.25 Td (and ) Tj ET Q q 0 0 0 rg BT 357.86 458.25 Td (used ) Tj ET Q q 0 0 0 rg BT 378.23 458.25 Td (in ) Tj ET Q q 0 0 0 rg BT 388.06 458.25 Td (ener) Tj ET Q q 0 0 0 rg BT 405.08 458.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 417.13 458.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 459.15 458.25 Td (settlements ) Tj ET Q q 0 0 0 rg BT 506.19 458.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.56 458.25 Td ($32 ) Tj ET Q q 0 0 0 rg BT 533.61 458.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 446.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.19 446.25 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.40 446.25 Td (, ) Tj ET Q q 0 0 0 rg BT 90.15 446.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 137.81 446.25 Td (, ) Tj ET Q q 0 0 0 rg BT 143.56 446.25 Td (was ) Tj ET Q q 0 0 0 rg BT 162.37 446.25 Td (included ) Tj ET Q q 0 0 0 rg BT 200.05 446.25 Td (in ) Tj ET Q q 0 0 0 rg BT 211.08 446.25 Td (net ) Tj ET Q q 0 0 0 rg BT 226.55 446.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 247.57 446.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 286.37 446.25 Td (by ) Tj ET Q q 0 0 0 rg BT 299.62 446.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 340.64 446.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 379.99 446.25 Td (on ) Tj ET Q q 0 0 0 rg BT 393.24 446.25 Td (our ) Tj ET Q q 0 0 0 rg BT 409.82 446.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 463.62 446.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 505.19 446.25 Td (of ) Tj ET Q q 0 0 0 rg BT 516.77 446.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 537.79 446.25 Td (flows. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 434.25 Td (During ) Tj ET Q q 0 0 0 rg BT 80.38 434.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.14 434.25 Td (twelve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.79 434.25 Td ( ) Tj ET Q q 0 0 0 rg BT 124.34 434.25 Td (months ) Tj ET Q q 0 0 0 rg BT 156.33 434.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.75 434.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 241.38 434.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.38 434.25 Td (, ) Tj ET Q q 0 0 0 rg BT 266.43 434.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 286.74 434.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 324.84 434.25 Td (by ) Tj ET Q q 0 0 0 rg BT 337.38 434.25 Td (and ) Tj ET Q q 0 0 0 rg BT 354.36 434.25 Td (used ) Tj ET Q q 0 0 0 rg BT 375.24 434.25 Td (in ) Tj ET Q q 0 0 0 rg BT 385.56 434.25 Td (ener) Tj ET Q q 0 0 0 rg BT 402.59 434.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 415.14 434.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 457.66 434.25 Td (settlements ) Tj ET Q q 0 0 0 rg BT 505.20 434.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.07 434.25 Td ($17 ) Tj ET Q q 0 0 0 rg BT 533.62 434.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 422.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.01 422.25 Td ($7 ) Tj ET Q q 0 0 0 rg BT 78.08 422.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.97 422.25 Td (, ) Tj ET Q q 0 0 0 rg BT 111.55 422.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 159.21 422.25 Td (, ) Tj ET Q q 0 0 0 rg BT 163.78 422.25 Td (was ) Tj ET Q q 0 0 0 rg BT 181.40 422.25 Td (included ) Tj ET Q q 0 0 0 rg BT 217.91 422.25 Td (in ) Tj ET Q q 0 0 0 rg BT 227.76 422.25 Td (the ) Tj ET Q q 0 0 0 rg BT 242.05 422.25 Td (change ) Tj ET Q q 0 0 0 rg BT 272.43 422.25 Td (in ) Tj ET Q q 0 0 0 rg BT 282.28 422.25 Td (net ) Tj ET Q q 0 0 0 rg BT 296.57 422.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 316.41 422.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 354.03 422.25 Td (by ) Tj ET Q q 0 0 0 rg BT 366.10 422.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 405.94 422.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 444.11 422.25 Td (on ) Tj ET Q q 0 0 0 rg BT 456.18 422.25 Td (our ) Tj ET Q q 0 0 0 rg BT 471.58 422.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 524.20 422.25 Td (statement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 410.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 410.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 80.60 410.25 Td (flows.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 392.25 Td (Inter) Tj ET Q q 0 0 0 rg BT 70.98 392.25 Td (est Rate Swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 374.25 Td (In ) Tj ET Q q 0 0 0 rg BT 72.74 374.25 Td (order ) Tj ET Q q 0 0 0 rg BT 96.74 374.25 Td (to ) Tj ET Q q 0 0 0 rg BT 107.43 374.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 134.21 374.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.33 374.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 167.24 374.25 Td (of ) Tj ET Q q 0 0 0 rg BT 178.48 374.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 211.92 374.25 Td (variable ) Tj ET Q q 0 0 0 rg BT 247.03 374.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 279.37 374.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 297.26 374.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 347.38 374.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 391.38 374.25 Td (with ) Tj ET Q q 0 0 0 rg BT 412.07 374.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.19 374.25 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 457.88 374.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 485.22 374.25 Td (term ) Tj ET Q q 0 0 0 rg BT 506.45 374.25 Td (loan, ) Tj ET Q q 0 0 0 rg BT 529.08 374.25 Td (we ) Tj ET Q q 0 0 0 rg BT 543.64 374.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 362.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 80.27 362.25 Td (into ) Tj ET Q q 0 0 0 rg BT 97.17 362.25 Td (floating ) Tj ET Q q 0 0 0 rg BT 129.62 362.25 Td (to ) Tj ET Q q 0 0 0 rg BT 138.74 362.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 160.64 362.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 176.97 362.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 198.86 362.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 245.74 362.25 Td (with ) Tj ET Q q 0 0 0 rg BT 264.86 362.25 Td (various ) Tj ET Q q 0 0 0 rg BT 295.65 362.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 331.97 362.25 Td (institutions ) Tj ET Q q 0 0 0 rg BT 377.77 362.25 Td (maturing ) Tj ET Q q 0 0 0 rg BT 415.22 362.25 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.88 362.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 471.23 362.25 Td (and ) Tj ET Q q 0 0 0 rg BT 487.01 362.25 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.01 362.25 Td (, ) Tj ET Q q 0 0 0 rg BT 510.85 362.25 Td (denominated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 350.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.10 350.25 Td (Euros, ) Tj ET Q q 0 0 0 rg BT 88.76 350.25 Td (for ) Tj ET Q q 0 0 0 rg BT 103.25 350.25 Td (the ) Tj ET Q q 0 0 0 rg BT 118.29 350.25 Td (full ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 350.25 Td (250 ) Tj ET Q q 0 0 0 rg BT 157.83 350.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.72 350.25 Td ( ) Tj ET Q q 0 0 0 rg BT 189.55 350.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 209.59 350.25 Td (amount. ) Tj ET Q q 0 0 0 rg BT 244.71 350.25 Td (This ) Tj ET Q q 0 0 0 rg BT 265.31 350.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 297.57 350.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 315.38 350.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 338.76 350.25 Td (is ) Tj ET Q q 0 0 0 rg BT 348.26 350.25 Td (designated ) Tj ET Q q 0 0 0 rg BT 393.85 350.25 Td (as ) Tj ET Q q 0 0 0 rg BT 405.00 350.25 Td (a ) Tj ET Q q 0 0 0 rg BT 412.27 350.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 432.86 350.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 454.02 350.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 480.72 350.25 Td (which ) Tj ET Q q 0 0 0 rg BT 507.99 350.25 Td (is ) Tj ET Q q 0 0 0 rg BT 517.48 350.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 555.28 350.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 338.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.21 338.25 Td (value ) Tj ET Q q 0 0 0 rg BT 90.69 338.25 Td (with ) Tj ET Q q 0 0 0 rg BT 111.30 338.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 146.33 338.25 Td (in ) Tj ET Q q 0 0 0 rg BT 156.94 338.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 173.64 338.25 Td (value ) Tj ET Q q 0 0 0 rg BT 198.13 338.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 235.93 338.25 Td (as ) Tj ET Q q 0 0 0 rg BT 247.09 338.25 Td (a ) Tj ET Q q 0 0 0 rg BT 254.36 338.25 Td (component ) Tj ET Q q 0 0 0 rg BT 301.62 338.25 Td (of ) Tj ET Q q 0 0 0 rg BT 312.15 338.25 Td (AOCI. ) Tj ET Q q 0 0 0 rg BT 341.30 338.25 Td (As ) Tj ET Q q 0 0 0 rg BT 355.24 338.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.40 338.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 425.32 338.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.32 338.25 Td (, ) Tj ET Q q 0 0 0 rg BT 450.64 338.25 Td (the ) Tj ET Q q 0 0 0 rg BT 465.69 338.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 482.40 338.25 Td (value ) Tj ET Q q 0 0 0 rg BT 506.88 338.25 Td (of ) Tj ET Q q 0 0 0 rg BT 518.04 338.25 Td (the ) Tj ET Q q 0 0 0 rg BT 533.08 338.25 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 326.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 68.30 326.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 92.66 326.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 136.45 326.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.59 326.25 Td ($20 ) Tj ET Q q 0 0 0 rg BT 167.40 326.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.29 326.25 Td (, ) Tj ET Q q 0 0 0 rg BT 202.60 326.25 Td (pre-tax, ) Tj ET Q q 0 0 0 rg BT 237.23 326.25 Td (was ) Tj ET Q q 0 0 0 rg BT 256.59 326.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 295.38 326.25 Td (as ) Tj ET Q q 0 0 0 rg BT 307.52 326.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.77 326.25 Td ($2 ) Tj ET Q q 0 0 0 rg BT 329.58 326.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.47 326.25 Td ( ) Tj ET Q q 0 0 0 rg BT 362.28 326.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.53 326.25 Td ($18 ) Tj ET Q q 0 0 0 rg BT 399.34 326.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.23 326.25 Td ( ) Tj ET Q q 0 0 0 rg BT 432.04 326.25 Td (current ) Tj ET Q q 0 0 0 rg BT 464.17 326.25 Td (and ) Tj ET Q q 0 0 0 rg BT 482.42 326.25 Td (noncurrent ) Tj ET Q q 0 0 0 rg BT 529.54 326.25 Td (liability) Tj ET Q q 0 0 0 rg BT 560.00 326.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 314.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 314.25 Td (. ) Tj ET Q q 0 0 0 rg BT 103.14 314.25 Td (There ) Tj ET Q q 0 0 0 rg BT 130.21 314.25 Td (was ) Tj ET Q q 0 0 0 rg BT 149.51 314.25 Td (an ) Tj ET Q q 0 0 0 rg BT 162.70 314.25 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 209.76 314.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 243.51 314.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.59 314.25 Td (inef) Tj ET Q q 0 0 0 rg BT 270.95 314.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 319.13 314.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 357.85 314.25 Td (during ) Tj ET Q q 0 0 0 rg BT 387.71 314.25 Td (the ) Tj ET Q q 0 0 0 rg BT 403.68 314.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 435.74 314.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 483.35 314.25 Td (in ) Tj ET Q q 0 0 0 rg BT 494.88 314.25 Td (our ) Tj ET Q q 0 0 0 rg BT 511.96 314.25 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 302.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.43 302.25 Td (of ) Tj ET Q q 0 0 0 rg BT 105.47 302.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 149.85 302.25 Td (as ) Tj ET Q q 0 0 0 rg BT 160.89 302.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 193.04 302.25 Td (expense. ) Tj ET Q q 0 0 0 rg BT 229.87 302.25 Td (As ) Tj ET Q q 0 0 0 rg BT 243.70 302.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.74 302.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 313.54 302.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.54 302.25 Td (, ) Tj ET Q q 0 0 0 rg BT 338.76 302.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.69 302.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 370.29 302.25 Td (value ) Tj ET Q q 0 0 0 rg BT 394.66 302.25 Td (of ) Tj ET Q q 0 0 0 rg BT 405.70 302.25 Td (the ) Tj ET Q q 0 0 0 rg BT 420.64 302.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 452.79 302.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 470.49 302.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 493.76 302.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 536.45 302.25 Td (of ) Tj ET Q q 0 0 0 rg BT 547.50 302.25 Td ($14 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 290.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 83.39 290.25 Td (pre-tax, ) Tj ET Q q 0 0 0 rg BT 116.71 290.25 Td (was ) Tj ET Q q 0 0 0 rg BT 134.76 290.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 172.23 290.25 Td (as ) Tj ET Q q 0 0 0 rg BT 183.06 290.25 Td (a ) Tj ET Q q 0 0 0 rg BT 190.00 290.25 Td (noncurrent ) Tj ET Q q 0 0 0 rg BT 235.82 290.25 Td (liability) Tj ET Q q 0 0 0 rg BT 266.28 290.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 269.25 Td (NOTE14.SUPPLEMENT) Tj ET Q q 0 0 0 rg BT 162.94 269.25 Td (AR) Tj ET Q q 0 0 0 rg BT 177.03 269.25 Td (Y) Tj ET Q q 0 0 0 rg BT 183.88 269.25 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 234.52 269.25 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 254.25 Td (Other) Tj ET Q q 0 0 0 rg BT 74.87 254.25 Td ( Operating Expense, net) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 239.25 Td (Plymouth Ener) Tj ET Q q 0 0 0 rg BT 109.39 239.25 Td (gy-fr) Tj ET Q q 0 0 0 rg BT 128.46 239.25 Td (om-W) Tj ET Q q 0 0 0 rg BT 151.42 239.25 Td (aste Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 224.25 Td (In ) Tj ET Q q 0 0 0 rg BT 71.62 224.25 Td (May ) Tj ET Q q 0 0 0 rg BT 91.73 224.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 116.02 224.25 Td (our ) Tj ET Q q 0 0 0 rg BT 131.14 224.25 Td (Plymouth ) Tj ET Q q 0 0 0 rg BT 171.82 224.25 Td (ener) Tj ET Q q 0 0 0 rg BT 188.85 224.25 Td (gy-from-waste ) Tj ET Q q 0 0 0 rg BT 249.50 224.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 279.61 224.25 Td (experienced ) Tj ET Q q 0 0 0 rg BT 329.70 224.25 Td (a ) Tj ET Q q 0 0 0 rg BT 335.92 224.25 Td (turbine ) Tj ET Q q 0 0 0 rg BT 366.04 224.25 Td (generator ) Tj ET Q q 0 0 0 rg BT 405.58 224.25 Td (failure. ) Tj ET Q q 0 0 0 rg BT 435.96 224.25 Td (Damage ) Tj ET Q q 0 0 0 rg BT 471.06 224.25 Td (to ) Tj ET Q q 0 0 0 rg BT 480.63 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 494.63 224.25 Td (turbine ) Tj ET Q q 0 0 0 rg BT 524.74 224.25 Td (generator ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 212.25 Td (was ) Tj ET Q q 0 0 0 rg BT 68.09 212.25 Td (extensive ) Tj ET Q q 0 0 0 rg BT 108.90 212.25 Td (and ) Tj ET Q q 0 0 0 rg BT 126.38 212.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 171.08 212.25 Td (at ) Tj ET Q q 0 0 0 rg BT 181.34 212.25 Td (the ) Tj ET Q q 0 0 0 rg BT 196.59 212.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 227.96 212.25 Td (were ) Tj ET Q q 0 0 0 rg BT 250.43 212.25 Td (suspended ) Tj ET Q q 0 0 0 rg BT 295.13 212.25 Td (promptly ) Tj ET Q q 0 0 0 rg BT 334.84 212.25 Td (to ) Tj ET Q q 0 0 0 rg BT 345.66 212.25 Td (assess ) Tj ET Q q 0 0 0 rg BT 373.14 212.25 Td (the ) Tj ET Q q 0 0 0 rg BT 388.40 212.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 413.65 212.25 Td (and ) Tj ET Q q 0 0 0 rg BT 431.13 212.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 458.61 212.25 Td (of ) Tj ET Q q 0 0 0 rg BT 469.98 212.25 Td (damage.) Tj ET Q q 0 0 0 rg BT 505.89 212.25 Td (The ) Tj ET Q q 0 0 0 rg BT 524.48 212.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 555.84 212.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 200.25 Td (capable ) Tj ET Q q 0 0 0 rg BT 83.62 200.25 Td (of ) Tj ET Q q 0 0 0 rg BT 95.54 200.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 141.90 200.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 168.26 200.25 Td (without ) Tj ET Q q 0 0 0 rg BT 202.41 200.25 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 239.33 200.25 Td (the ) Tj ET Q q 0 0 0 rg BT 255.14 200.25 Td (turbine ) Tj ET Q q 0 0 0 rg BT 287.05 200.25 Td (generator ) Tj ET Q q 0 0 0 rg BT 328.40 200.25 Td (to ) Tj ET Q q 0 0 0 rg BT 339.76 200.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 377.22 200.25 Td (electricity) Tj ET Q q 0 0 0 rg BT 416.54 200.25 Td (, ) Tj ET Q q 0 0 0 rg BT 422.63 200.25 Td (and ) Tj ET Q q 0 0 0 rg BT 440.66 200.25 Td (we ) Tj ET Q q 0 0 0 rg BT 455.91 200.25 Td (resumed ) Tj ET Q q 0 0 0 rg BT 493.38 200.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 519.74 200.25 Td (processing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 188.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.38 188.25 Td (in ) Tj ET Q q 0 0 0 rg BT 103.38 188.25 Td (early ) Tj ET Q q 0 0 0 rg BT 125.59 188.25 Td (June. ) Tj ET Q q 0 0 0 rg BT 148.48 188.25 Td (The ) Tj ET Q q 0 0 0 rg BT 166.26 188.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 196.80 188.25 Td (resumed ) Tj ET Q q 0 0 0 rg BT 232.90 188.25 Td (generating ) Tj ET Q q 0 0 0 rg BT 277.33 188.25 Td (electricity ) Tj ET Q q 0 0 0 rg BT 319.53 188.25 Td (early ) Tj ET Q q 0 0 0 rg BT 341.74 188.25 Td (in ) Tj ET Q q 0 0 0 rg BT 351.74 188.25 Td (the ) Tj ET Q q 0 0 0 rg BT 366.18 188.25 Td (first ) Tj ET Q q 0 0 0 rg BT 384.51 188.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 415.05 188.25 Td (of ) Tj ET Q q 0 0 0 rg BT 425.61 188.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 450.33 188.25 Td (after ) Tj ET Q q 0 0 0 rg BT 470.87 188.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.31 188.25 Td (generator ) Tj ET Q q 0 0 0 rg BT 525.29 188.25 Td (and ) Tj ET Q q 0 0 0 rg BT 541.95 188.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 176.25 Td (damaged ) Tj ET Q q 0 0 0 rg BT 88.92 176.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 134.45 176.25 Td (were ) Tj ET Q q 0 0 0 rg BT 157.20 176.25 Td (replaced. ) Tj ET Q q 0 0 0 rg BT 196.64 176.25 Td (The ) Tj ET Q q 0 0 0 rg BT 215.51 176.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 234.94 176.25 Td (of ) Tj ET Q q 0 0 0 rg BT 246.59 176.25 Td (replacement ) Tj ET Q q 0 0 0 rg BT 298.77 176.25 Td (and ) Tj ET Q q 0 0 0 rg BT 316.53 176.25 Td (business ) Tj ET Q q 0 0 0 rg BT 353.75 176.25 Td (interruption ) Tj ET Q q 0 0 0 rg BT 404.28 176.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 431.49 176.25 Td (were ) Tj ET Q q 0 0 0 rg BT 454.24 176.25 Td (insured ) Tj ET Q q 0 0 0 rg BT 487.00 176.25 Td (under ) Tj ET Q q 0 0 0 rg BT 513.10 176.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.63 176.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 554.17 176.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 164.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 92.60 164.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 132.92 164.25 Td (policies, ) Tj ET Q q 0 0 0 rg BT 168.53 164.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 198.86 164.25 Td (to ) Tj ET Q q 0 0 0 rg BT 208.65 164.25 Td (deductibles. ) Tj ET Q q 0 0 0 rg BT 258.69 164.25 Td (During ) Tj ET Q q 0 0 0 rg BT 289.03 164.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.25 164.25 Td (year ) Tj ET Q q 0 0 0 rg BT 322.47 164.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 348.35 164.25 Td (December ) Tj ET Q q 0 0 0 rg BT 391.44 164.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 405.95 164.25 Td (2106, ) Tj ET Q q 0 0 0 rg BT 430.46 164.25 Td (we ) Tj ET Q q 0 0 0 rg BT 444.12 164.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 481.11 164.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 521.43 164.25 Td (recoveries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 152.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 152.25 Td (our ) Tj ET Q q 0 0 0 rg BT 75.61 152.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 128.65 152.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 173.36 152.25 Td (of ) Tj ET Q q 0 0 0 rg BT 184.19 152.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 230.85 152.25 Td (related ) Tj ET Q q 0 0 0 rg BT 260.55 152.25 Td (to ) Tj ET Q q 0 0 0 rg BT 270.83 152.25 Td (this ) Tj ET Q q 0 0 0 rg BT 287.78 152.25 Td (matter) Tj ET Q q 0 0 0 rg BT 312.92 152.25 Td (, ) Tj ET Q q 0 0 0 rg BT 317.92 152.25 Td (as ) Tj ET Q q 0 0 0 rg BT 328.75 152.25 Td (follows ) Tj ET Q q 0 0 0 rg BT 361.25 152.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 374.86 152.25 Td (millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 61.00 138.75 394.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 138.75 107.00 -25.00 re f /GS0 gs BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 128.42 Td (Insurance recoveries for repair and reconstruction costs \(net of write-down of assets, reduction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 118.42 Td (to Other operating expense, net\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.50 118.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 118.42 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 103.42 Td (Insurance recoveries for business interruption and clean-up costs, net of costs incurred) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 93.42 Td (\(reduction to Plant operating expense\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.50 93.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 93.42 Td (3) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 197 0 obj <>] /Rotate 0 /Contents 198 0 R>> endobj 198 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (98) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 711.25 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 103.66 711.25 Td (Charges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 696.25 Td (The ) Tj ET Q q 0 0 0 rg BT 79.55 696.25 Td (components ) Tj ET Q q 0 0 0 rg BT 130.37 696.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.20 696.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 189.80 696.25 Td (char) Tj ET Q q 0 0 0 rg BT 206.83 696.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 222.66 696.25 Td (are ) Tj ET Q q 0 0 0 rg BT 237.36 696.25 Td (as ) Tj ET Q q 0 0 0 rg BT 248.19 696.25 Td (follows ) Tj ET Q q 0 0 0 rg BT 280.69 696.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 294.30 696.25 Td (millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 633.75 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 633.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 633.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 633.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 633.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 633.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 593.75 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 593.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 593.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 593.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 593.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 593.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 563.75 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 563.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 563.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 563.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 563.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 563.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 533.75 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 533.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 533.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 533.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 533.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 533.75 61.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 661.75 m 433 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 661.75 m 437 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 661.75 m 498 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 661.75 m 502 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 661.75 m 563 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 661.75 m 433 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 648.75 m 433 648.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 661.75 m 437 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 661.75 m 498 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 648.75 m 498 648.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 661.75 m 502 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 661.75 m 563 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 648.75 m 563 648.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 648.75 m 433 648.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 648.75 m 498 648.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 648.75 m 563 648.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 578.75 m 433 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 578.75 m 498 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 578.75 m 563 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 533.75 m 433 533.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 533.75 m 498 533.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 533.75 m 563 533.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 533.75 m 433 533.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 519.75 m 433 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 517.75 m 433 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 533.75 m 498 533.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 519.75 m 498 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 517.75 m 498 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 533.75 m 563 533.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 519.75 m 563 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 517.75 m 563 517.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 666.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.00 673.98 Td ( For the Years Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.75 665.98 Td (December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 653.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.00 652.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.00 652.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.00 652.98 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 638.46 Td (North America segment:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 623.42 Td (Impairment char) Tj ET Q q 0 0 0 rg BT 118.68 623.42 Td (ges related to tangible and intangible assets ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 294.46 627.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.50 623.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 623.42 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.50 623.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 623.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 623.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 623.42 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 608.42 Td (Impairment char) Tj ET Q q 0 0 0 rg BT 118.68 608.42 Td (ges related to biomass facilities and biomass equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 598.42 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 107.88 602.95 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.46 598.42 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 598.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 598.42 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 598.42 Td (34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 583.42 Td (Impairment charges - other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 583.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 583.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 583.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 568.46 Td (North America segment sub-total:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 568.42 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 568.42 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 568.42 Td (50) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 553.46 Td (Other:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 538.42 Td (Impairment char) Tj ET Q q 0 0 0 rg BT 118.68 538.42 Td (ge related to insurance business ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 247.80 542.95 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 538.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 538.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 538.42 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 523.42 Td (Total impairment charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.50 523.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 523.42 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.50 523.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 523.42 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 523.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 523.42 Td (64) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 490.45 Td (\(1\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 490.45 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 111.74 490.45 Td (char) Tj ET Q q 0 0 0 rg BT 127.06 490.45 Td (ges ) Tj ET Q q 0 0 0 rg BT 141.31 490.45 Td (related ) Tj ET Q q 0 0 0 rg BT 168.04 490.45 Td (to ) Tj ET Q q 0 0 0 rg BT 177.29 490.45 Td (tangible ) Tj ET Q q 0 0 0 rg BT 208.53 490.45 Td (and ) Tj ET Q q 0 0 0 rg BT 223.77 490.45 Td ( ) Tj ET Q q 0 0 0 rg BT 226.02 490.45 Td (intangible ) Tj ET Q q 0 0 0 rg BT 264.27 490.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 287.51 490.45 Td (are ) Tj ET Q q 0 0 0 rg BT 300.75 490.45 Td (related ) Tj ET Q q 0 0 0 rg BT 327.48 490.45 Td (to ) Tj ET Q q 0 0 0 rg BT 336.73 490.45 Td (the ) Tj ET Q q 0 0 0 rg BT 349.98 490.45 Td (following:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 476.65 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.50 476.65 Td (During ) Tj ET Q q 0 0 0 rg BT 104.13 476.65 Td (the ) Tj ET Q q 0 0 0 rg BT 117.27 476.65 Td (year ) Tj ET Q q 0 0 0 rg BT 134.89 476.65 Td (ended ) Tj ET Q q 0 0 0 rg BT 158.51 476.65 Td (December ) Tj ET Q q 0 0 0 rg BT 197.63 476.65 Td (31, ) Tj ET Q q 0 0 0 rg BT 211.01 476.65 Td (2016, ) Tj ET Q q 0 0 0 rg BT 233.40 476.65 Td (we ) Tj ET Q q 0 0 0 rg BT 246.03 476.65 Td (recorded ) Tj ET Q q 0 0 0 rg BT 279.65 476.65 Td (a ) Tj ET Q q 0 0 0 rg BT 285.78 476.65 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 320.40 476.65 Td (impairment ) Tj ET Q q 0 0 0 rg BT 364.03 476.65 Td (char) Tj ET Q q 0 0 0 rg BT 379.35 476.65 Td (ge ) Tj ET Q q 0 0 0 rg BT 389.98 476.65 Td (of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.73 476.65 Td ($13 ) Tj ET Q q 0 0 0 rg BT 415.37 476.65 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.37 476.65 Td (, ) Tj ET Q q 0 0 0 rg BT 445.76 476.65 Td (pre-tax, ) Tj ET Q q 0 0 0 rg BT 475.63 476.65 Td (related ) Tj ET Q q 0 0 0 rg BT 502.25 476.65 Td (to ) Tj ET Q q 0 0 0 rg BT 511.38 476.65 Td (the ) Tj ET Q q 0 0 0 rg BT 524.51 476.65 Td (previously ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.50 465.85 Td (planned ) Tj ET Q q 0 0 0 rg BT 107.26 465.85 Td (closure ) Tj ET Q q 0 0 0 rg BT 135.51 465.85 Td (of ) Tj ET Q q 0 0 0 rg BT 145.27 465.85 Td (our ) Tj ET Q q 0 0 0 rg BT 159.54 465.85 Td (Pittsfield ) Tj ET Q q 0 0 0 rg BT 194.30 465.85 Td (EfW) Tj ET Q q 0 0 0 rg BT 211.13 465.85 Td ( ) Tj ET Q q 0 0 0 rg BT 213.40 465.85 Td (facility ) Tj ET Q q 0 0 0 rg BT 241.15 465.85 Td (which ) Tj ET Q q 0 0 0 rg BT 265.41 465.85 Td (is ) Tj ET Q q 0 0 0 rg BT 273.68 465.85 Td (now ) Tj ET Q q 0 0 0 rg BT 291.44 465.85 Td (expected ) Tj ET Q q 0 0 0 rg BT 325.69 465.85 Td (to ) Tj ET Q q 0 0 0 rg BT 334.95 465.85 Td (continue ) Tj ET Q q 0 0 0 rg BT 368.21 465.85 Td (operating. ) Tj ET Q q 0 0 0 rg BT 406.71 465.85 Td (For ) Tj ET Q q 0 0 0 rg BT 421.48 465.85 Td (additional ) Tj ET Q q 0 0 0 rg BT 459.74 465.85 Td (information ) Tj ET Q q 0 0 0 rg BT 504.49 465.85 Td (see) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.24 465.85 Td (Note ) Tj ET Q q 0 0 0 rg BT 537.50 465.85 Td (3.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.25 465.85 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.52 465.85 Td (New ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.50 455.05 Td (Business ) Tj ET Q q 0 0 0 rg BT 109.67 455.05 Td (and ) Tj ET Q q 0 0 0 rg BT 124.73 455.05 Td (Asset ) Tj ET Q q 0 0 0 rg BT 145.40 455.05 Td (Management) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.38 455.05 Td (. ) Tj ET Q q 0 0 0 rg BT 196.19 455.05 Td (W) Tj ET Q q 0 0 0 rg BT 203.96 455.05 Td (e ) Tj ET Q q 0 0 0 rg BT 209.63 455.05 Td (also ) Tj ET Q q 0 0 0 rg BT 225.80 455.05 Td (recorded ) Tj ET Q q 0 0 0 rg BT 258.95 455.05 Td (a ) Tj ET Q q 0 0 0 rg BT 264.62 455.05 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 298.78 455.05 Td (impairment ) Tj ET Q q 0 0 0 rg BT 341.94 455.05 Td (char) Tj ET Q q 0 0 0 rg BT 357.27 455.05 Td (ge ) Tj ET Q q 0 0 0 rg BT 367.43 455.05 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.60 455.05 Td ($3 ) Tj ET Q q 0 0 0 rg BT 387.28 455.05 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.28 455.05 Td (, ) Tj ET Q q 0 0 0 rg BT 417.20 455.05 Td (pre-tax, ) Tj ET Q q 0 0 0 rg BT 446.61 455.05 Td (related ) Tj ET Q q 0 0 0 rg BT 472.77 455.05 Td (to ) Tj ET Q q 0 0 0 rg BT 481.44 455.05 Td (a ) Tj ET Q q 0 0 0 rg BT 487.11 455.05 Td (joint-venture ) Tj ET Q q 0 0 0 rg BT 535.27 455.05 Td (project, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.50 444.25 Td (see ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 90.24 444.25 Td (T) Tj ET Q q 0 0 0 rg BT 94.42 444.25 Td (artech ) Tj ET Q q 0 0 0 rg BT 119.66 444.25 Td (Investment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 158.65 444.25 Td ( ) Tj ET Q q 0 0 0 rg BT 160.90 444.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 200.65 444.25 Td (below) Tj ET Q q 0 0 0 rg BT 222.06 444.25 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 430.45 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.50 430.45 Td (On ) Tj ET Q q 0 0 0 rg BT 89.98 430.45 Td (June ) Tj ET Q q 0 0 0 rg BT 108.96 430.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 122.70 430.45 Td (2014, ) Tj ET Q q 0 0 0 rg BT 145.43 430.45 Td (our ) Tj ET Q q 0 0 0 rg BT 159.91 430.45 Td (service ) Tj ET Q q 0 0 0 rg BT 187.88 430.45 Td (agreement ) Tj ET Q q 0 0 0 rg BT 227.84 430.45 Td (with ) Tj ET Q q 0 0 0 rg BT 246.33 430.45 Td (the ) Tj ET Q q 0 0 0 rg BT 259.80 430.45 Td (Dutchess ) Tj ET Q q 0 0 0 rg BT 295.28 430.45 Td (County ) Tj ET Q q 0 0 0 rg BT 324.27 430.45 Td (Resource ) Tj ET Q q 0 0 0 rg BT 360.24 430.45 Td (Recovery ) Tj ET Q q 0 0 0 rg BT 396.66 430.45 Td (Agency ) Tj ET Q q 0 0 0 rg BT 427.13 430.45 Td (under ) Tj ET Q q 0 0 0 rg BT 450.11 430.45 Td (which ) Tj ET Q q 0 0 0 rg BT 474.59 430.45 Td (we ) Tj ET Q q 0 0 0 rg BT 487.56 430.45 Td (operated ) Tj ET Q q 0 0 0 rg BT 521.03 430.45 Td (the ) Tj ET Q q 0 0 0 rg BT 534.51 430.45 Td (Hudson ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.50 419.65 Td (V) Tj ET Q q 0 0 0 rg BT 82.00 419.65 Td (alley ) Tj ET Q q 0 0 0 rg BT 102.19 419.65 Td (EfW) Tj ET Q q 0 0 0 rg BT 119.02 419.65 Td ( ) Tj ET Q q 0 0 0 rg BT 121.72 419.65 Td (facility ) Tj ET Q q 0 0 0 rg BT 149.91 419.65 Td (expired. ) Tj ET Q q 0 0 0 rg BT 181.85 419.65 Td (In ) Tj ET Q q 0 0 0 rg BT 192.04 419.65 Td (2014, ) Tj ET Q q 0 0 0 rg BT 215.00 419.65 Td (we ) Tj ET Q q 0 0 0 rg BT 228.19 419.65 Td (recorded ) Tj ET Q q 0 0 0 rg BT 262.37 419.65 Td (a ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.06 419.65 Td ($9 ) Tj ET Q q 0 0 0 rg BT 280.76 419.65 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 306.77 419.65 Td ( ) Tj ET Q q 0 0 0 rg BT 309.47 419.65 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 344.66 419.65 Td (impairment ) Tj ET Q q 0 0 0 rg BT 388.85 419.65 Td (char) Tj ET Q q 0 0 0 rg BT 404.17 419.65 Td (ge ) Tj ET Q q 0 0 0 rg BT 415.37 419.65 Td (of ) Tj ET Q q 0 0 0 rg BT 425.56 419.65 Td (the ) Tj ET Q q 0 0 0 rg BT 439.26 419.65 Td (intangible ) Tj ET Q q 0 0 0 rg BT 477.95 419.65 Td (asset ) Tj ET Q q 0 0 0 rg BT 498.15 419.65 Td (that ) Tj ET Q q 0 0 0 rg BT 514.34 419.65 Td (was ) Tj ET Q q 0 0 0 rg BT 531.04 419.65 Td (recorded ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.50 408.85 Td (upon ) Tj ET Q q 0 0 0 rg BT 96.75 408.85 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 138.49 408.85 Td (in ) Tj ET Q q 0 0 0 rg BT 147.74 408.85 Td (2009 ) Tj ET Q q 0 0 0 rg BT 167.99 408.85 Td (based ) Tj ET Q q 0 0 0 rg BT 190.74 408.85 Td (on ) Tj ET Q q 0 0 0 rg BT 201.99 408.85 Td (the ) Tj ET Q q 0 0 0 rg BT 215.23 408.85 Td (expected ) Tj ET Q q 0 0 0 rg BT 249.46 408.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 267.70 408.85 Td (flows ) Tj ET Q q 0 0 0 rg BT 289.95 408.85 Td (over ) Tj ET Q q 0 0 0 rg BT 308.19 408.85 Td (the ) Tj ET Q q 0 0 0 rg BT 321.44 408.85 Td (remaining ) Tj ET Q q 0 0 0 rg BT 360.18 408.85 Td (life ) Tj ET Q q 0 0 0 rg BT 374.42 408.85 Td (of ) Tj ET Q q 0 0 0 rg BT 384.17 408.85 Td (the ) Tj ET Q q 0 0 0 rg BT 397.41 408.85 Td (contract ) Tj ET Q q 0 0 0 rg BT 428.64 408.85 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 460.89 408.85 Td (Level ) Tj ET Q q 0 0 0 rg BT 483.63 408.85 Td (3 ) Tj ET Q q 0 0 0 rg BT 490.38 408.85 Td (inputs.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 392.05 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.50 392.05 Td (On ) Tj ET Q q 0 0 0 rg BT 88.53 392.05 Td (April ) Tj ET Q q 0 0 0 rg BT 108.85 392.05 Td (3, ) Tj ET Q q 0 0 0 rg BT 116.92 392.05 Td (2014, ) Tj ET Q q 0 0 0 rg BT 138.49 392.05 Td (the ) Tj ET Q q 0 0 0 rg BT 150.80 392.05 Td (Montgomery ) Tj ET Q q 0 0 0 rg BT 199.12 392.05 Td (County ) Tj ET Q q 0 0 0 rg BT 226.94 392.05 Td (\(P) Tj ET Q q 0 0 0 rg BT 234.12 392.05 Td (A\) ) Tj ET Q q 0 0 0 rg BT 244.94 392.05 Td (Commissioners ) Tj ET Q q 0 0 0 rg BT 302.26 392.05 Td (\(the ) Tj ET Q q 0 0 0 rg BT 317.58 392.05 Td (County\) ) Tj ET Q q 0 0 0 rg BT 356.39 392.05 Td (unanimously ) Tj ET Q q 0 0 0 rg BT 404.21 392.05 Td (voted ) Tj ET Q q 0 0 0 rg BT 425.52 392.05 Td (to ) Tj ET Q q 0 0 0 rg BT 433.84 392.05 Td (dissolve ) Tj ET Q q 0 0 0 rg BT 464.66 392.05 Td (the ) Tj ET Q q 0 0 0 rg BT 476.88 392.05 Td (W) Tj ET Q q 0 0 0 rg BT 484.66 392.05 Td (aste ) Tj ET Q q 0 0 0 rg BT 499.97 392.05 Td (System ) Tj ET Q q 0 0 0 rg BT 527.50 392.05 Td (Authority ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.50 381.25 Td (of ) Tj ET Q q 0 0 0 rg BT 86.08 381.25 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 115.15 381.25 Td (Montgomery ) Tj ET Q q 0 0 0 rg BT 164.23 381.25 Td (County ) Tj ET Q q 0 0 0 rg BT 192.81 381.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 208.88 381.25 Td (WSA\). ) Tj ET Q q 0 0 0 rg BT 244.05 381.25 Td (The ) Tj ET Q q 0 0 0 rg BT 259.67 381.25 Td (Abington ) Tj ET Q q 0 0 0 rg BT 295.75 381.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 325.31 381.25 Td (station ) Tj ET Q q 0 0 0 rg BT 351.40 381.25 Td (was ) Tj ET Q q 0 0 0 rg BT 367.47 381.25 Td (constructed ) Tj ET Q q 0 0 0 rg BT 411.04 381.25 Td (by ) Tj ET Q q 0 0 0 rg BT 422.12 381.25 Td (the ) Tj ET Q q 0 0 0 rg BT 435.20 381.25 Td (County ) Tj ET Q q 0 0 0 rg BT 463.79 381.25 Td (and ) Tj ET Q q 0 0 0 rg BT 478.86 381.25 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 527.94 381.25 Td (deeded ) Tj ET Q q 0 0 0 rg BT 555.50 381.25 Td (to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.50 370.45 Td (the ) Tj ET Q q 0 0 0 rg BT 89.24 370.45 Td (WSA, ) Tj ET Q q 0 0 0 rg BT 113.36 370.45 Td (which ) Tj ET Q q 0 0 0 rg BT 137.23 370.45 Td (was ) Tj ET Q q 0 0 0 rg BT 153.11 370.45 Td (responsible ) Tj ET Q q 0 0 0 rg BT 195.97 370.45 Td (for ) Tj ET Q q 0 0 0 rg BT 208.35 370.45 Td (its ) Tj ET Q q 0 0 0 rg BT 218.73 370.45 Td (operation. ) Tj ET Q q 0 0 0 rg BT 256.70 370.45 Td (W) Tj ET Q q 0 0 0 rg BT 264.48 370.45 Td (e ) Tj ET Q q 0 0 0 rg BT 270.35 370.45 Td (operated ) Tj ET Q q 0 0 0 rg BT 303.21 370.45 Td (the ) Tj ET Q q 0 0 0 rg BT 316.08 370.45 Td (transfer ) Tj ET Q q 0 0 0 rg BT 345.44 370.45 Td (station ) Tj ET Q q 0 0 0 rg BT 371.31 370.45 Td (through ) Tj ET Q q 0 0 0 rg BT 401.19 370.45 Td (the ) Tj ET Q q 0 0 0 rg BT 414.06 370.45 Td (end ) Tj ET Q q 0 0 0 rg BT 428.93 370.45 Td (of ) Tj ET Q q 0 0 0 rg BT 438.30 370.45 Td (the ) Tj ET Q q 0 0 0 rg BT 451.17 370.45 Td (current ) Tj ET Q q 0 0 0 rg BT 478.53 370.45 Td (contract, ) Tj ET Q q 0 0 0 rg BT 511.64 370.45 Td (which ) Tj ET Q q 0 0 0 rg BT 535.51 370.45 Td (expired ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.50 359.65 Td (on ) Tj ET Q q 0 0 0 rg BT 87.31 359.65 Td (December ) Tj ET Q q 0 0 0 rg BT 126.10 359.65 Td (31, ) Tj ET Q q 0 0 0 rg BT 139.17 359.65 Td (2014. ) Tj ET Q q 0 0 0 rg BT 161.23 359.65 Td (However) Tj ET Q q 0 0 0 rg BT 193.86 359.65 Td (, ) Tj ET Q q 0 0 0 rg BT 197.92 359.65 Td (due ) Tj ET Q q 0 0 0 rg BT 212.73 359.65 Td (to ) Tj ET Q q 0 0 0 rg BT 221.54 359.65 Td (the ) Tj ET Q q 0 0 0 rg BT 234.35 359.65 Td (dissolution ) Tj ET Q q 0 0 0 rg BT 275.67 359.65 Td (of ) Tj ET Q q 0 0 0 rg BT 284.98 359.65 Td (the ) Tj ET Q q 0 0 0 rg BT 297.66 359.65 Td (WSA, ) Tj ET Q q 0 0 0 rg BT 321.73 359.65 Td (it ) Tj ET Q q 0 0 0 rg BT 328.54 359.65 Td (was ) Tj ET Q q 0 0 0 rg BT 344.35 359.65 Td (not ) Tj ET Q q 0 0 0 rg BT 357.67 359.65 Td (able ) Tj ET Q q 0 0 0 rg BT 374.47 359.65 Td (to ) Tj ET Q q 0 0 0 rg BT 383.28 359.65 Td (renew ) Tj ET Q q 0 0 0 rg BT 407.08 359.65 Td (our ) Tj ET Q q 0 0 0 rg BT 420.89 359.65 Td (current ) Tj ET Q q 0 0 0 rg BT 448.19 359.65 Td (contract ) Tj ET Q q 0 0 0 rg BT 478.99 359.65 Td (to ) Tj ET Q q 0 0 0 rg BT 487.80 359.65 Td (operate ) Tj ET Q q 0 0 0 rg BT 516.10 359.65 Td (the ) Tj ET Q q 0 0 0 rg BT 528.51 359.65 Td (Abington ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.50 348.85 Td (transfer ) Tj ET Q q 0 0 0 rg BT 106.99 348.85 Td (station. ) Tj ET Q q 0 0 0 rg BT 136.24 348.85 Td (During ) Tj ET Q q 0 0 0 rg BT 164.74 348.85 Td (the ) Tj ET Q q 0 0 0 rg BT 178.74 348.85 Td (year ) Tj ET Q q 0 0 0 rg BT 197.23 348.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 221.73 348.85 Td (December ) Tj ET Q q 0 0 0 rg BT 261.71 348.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 275.96 348.85 Td (2014, ) Tj ET Q q 0 0 0 rg BT 299.22 348.85 Td (we ) Tj ET Q q 0 0 0 rg BT 312.72 348.85 Td (recorded ) Tj ET Q q 0 0 0 rg BT 347.20 348.85 Td (a ) Tj ET Q q 0 0 0 rg BT 354.20 348.85 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 389.69 348.85 Td (impairment ) Tj ET Q q 0 0 0 rg BT 434.19 348.85 Td (char) Tj ET Q q 0 0 0 rg BT 449.51 348.85 Td (ge ) Tj ET Q q 0 0 0 rg BT 461.01 348.85 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.51 348.85 Td ($7 ) Tj ET Q q 0 0 0 rg BT 483.52 348.85 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 509.52 348.85 Td ( ) Tj ET Q q 0 0 0 rg BT 512.53 348.85 Td (of ) Tj ET Q q 0 0 0 rg BT 523.03 348.85 Td (the ) Tj ET Q q 0 0 0 rg BT 537.03 348.85 Td (service ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.50 338.05 Td (contract ) Tj ET Q q 0 0 0 rg BT 107.83 338.05 Td (intangible ) Tj ET Q q 0 0 0 rg BT 146.17 338.05 Td (with ) Tj ET Q q 0 0 0 rg BT 164.52 338.05 Td (the ) Tj ET Q q 0 0 0 rg BT 177.70 338.05 Td (WSA) Tj ET Q q 0 0 0 rg BT 197.20 338.05 Td ( ) Tj ET Q q 0 0 0 rg BT 199.55 338.05 Td (that ) Tj ET Q q 0 0 0 rg BT 215.39 338.05 Td (was ) Tj ET Q q 0 0 0 rg BT 231.74 338.05 Td (recorded ) Tj ET Q q 0 0 0 rg BT 265.56 338.05 Td (upon ) Tj ET Q q 0 0 0 rg BT 285.91 338.05 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 327.76 338.05 Td (in ) Tj ET Q q 0 0 0 rg BT 337.11 338.05 Td (2009 ) Tj ET Q q 0 0 0 rg BT 357.46 338.05 Td (based ) Tj ET Q q 0 0 0 rg BT 380.30 338.05 Td (on ) Tj ET Q q 0 0 0 rg BT 391.65 338.05 Td (the ) Tj ET Q q 0 0 0 rg BT 404.99 338.05 Td (expected ) Tj ET Q q 0 0 0 rg BT 439.32 338.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 457.66 338.05 Td (flows ) Tj ET Q q 0 0 0 rg BT 480.01 338.05 Td (over ) Tj ET Q q 0 0 0 rg BT 498.35 338.05 Td (the ) Tj ET Q q 0 0 0 rg BT 511.69 338.05 Td (remaining ) Tj ET Q q 0 0 0 rg BT 550.53 338.05 Td (life ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.50 327.25 Td (of ) Tj ET Q q 0 0 0 rg BT 86.25 327.25 Td (the ) Tj ET Q q 0 0 0 rg BT 99.49 327.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 130.72 327.25 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 162.97 327.25 Td (Level ) Tj ET Q q 0 0 0 rg BT 185.71 327.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 192.46 327.25 Td (inputs. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 310.45 Td (\(2\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 310.45 Td (Impairments ) Tj ET Q q 0 0 0 rg BT 115.24 310.45 Td (related ) Tj ET Q q 0 0 0 rg BT 141.97 310.45 Td (to ) Tj ET Q q 0 0 0 rg BT 151.22 310.45 Td (our ) Tj ET Q q 0 0 0 rg BT 165.47 310.45 Td (biomass ) Tj ET Q q 0 0 0 rg BT 197.22 310.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 220.46 310.45 Td (are ) Tj ET Q q 0 0 0 rg BT 233.70 310.45 Td (as ) Tj ET Q q 0 0 0 rg BT 243.45 310.45 Td (follows:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 296.65 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.50 296.65 Td (During ) Tj ET Q q 0 0 0 rg BT 104.23 296.65 Td (the ) Tj ET Q q 0 0 0 rg BT 117.46 296.65 Td (year ) Tj ET Q q 0 0 0 rg BT 135.18 296.65 Td (ended ) Tj ET Q q 0 0 0 rg BT 158.90 296.65 Td (2015, ) Tj ET Q q 0 0 0 rg BT 181.38 296.65 Td (we ) Tj ET Q q 0 0 0 rg BT 194.11 296.65 Td (identified ) Tj ET Q q 0 0 0 rg BT 230.83 296.65 Td (indicators ) Tj ET Q q 0 0 0 rg BT 268.55 296.65 Td (of ) Tj ET Q q 0 0 0 rg BT 278.28 296.65 Td (impairment ) Tj ET Q q 0 0 0 rg BT 322.00 296.65 Td (associated ) Tj ET Q q 0 0 0 rg BT 361.22 296.65 Td (with ) Tj ET Q q 0 0 0 rg BT 379.45 296.65 Td (our ) Tj ET Q q 0 0 0 rg BT 393.68 296.65 Td (biomass ) Tj ET Q q 0 0 0 rg BT 425.41 296.65 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 460.88 296.65 Td (primarily ) Tj ET Q q 0 0 0 rg BT 496.60 296.65 Td (due ) Tj ET Q q 0 0 0 rg BT 511.83 296.65 Td (to ) Tj ET Q q 0 0 0 rg BT 521.06 296.65 Td (a ) Tj ET Q q 0 0 0 rg BT 527.29 296.65 Td (decline ) Tj ET Q q 0 0 0 rg BT 555.51 296.65 Td (in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.50 285.85 Td (ener) Tj ET Q q 0 0 0 rg BT 91.82 285.85 Td (gy ) Tj ET Q q 0 0 0 rg BT 102.85 285.85 Td (market ) Tj ET Q q 0 0 0 rg BT 129.86 285.85 Td (pricing. ) Tj ET Q q 0 0 0 rg BT 159.17 285.85 Td (As ) Tj ET Q q 0 0 0 rg BT 171.20 285.85 Td (a ) Tj ET Q q 0 0 0 rg BT 177.22 285.85 Td (result ) Tj ET Q q 0 0 0 rg BT 199.23 285.85 Td (of ) Tj ET Q q 0 0 0 rg BT 208.75 285.85 Td (these ) Tj ET Q q 0 0 0 rg BT 229.27 285.85 Td (developments, ) Tj ET Q q 0 0 0 rg BT 283.53 285.85 Td (we ) Tj ET Q q 0 0 0 rg BT 296.04 285.85 Td (recorded ) Tj ET Q q 0 0 0 rg BT 329.55 285.85 Td (a ) Tj ET Q q 0 0 0 rg BT 335.56 285.85 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 370.07 285.85 Td (impairment ) Tj ET Q q 0 0 0 rg BT 413.58 285.85 Td (char) Tj ET Q q 0 0 0 rg BT 428.91 285.85 Td (ge ) Tj ET Q q 0 0 0 rg BT 439.43 285.85 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.95 285.85 Td ($43 ) Tj ET Q q 0 0 0 rg BT 464.47 285.85 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.47 285.85 Td (, ) Tj ET Q q 0 0 0 rg BT 494.74 285.85 Td (pre-tax, ) Tj ET Q q 0 0 0 rg BT 524.50 285.85 Td (which ) Tj ET Q q 0 0 0 rg BT 548.52 285.85 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.50 275.05 Td (calculated ) Tj ET Q q 0 0 0 rg BT 115.22 275.05 Td (based ) Tj ET Q q 0 0 0 rg BT 137.97 275.05 Td (on ) Tj ET Q q 0 0 0 rg BT 149.22 275.05 Td (a ) Tj ET Q q 0 0 0 rg BT 155.46 275.05 Td (range ) Tj ET Q q 0 0 0 rg BT 177.70 275.05 Td (of ) Tj ET Q q 0 0 0 rg BT 187.44 275.05 Td (potential ) Tj ET Q q 0 0 0 rg BT 221.19 275.05 Td (outcomes ) Tj ET Q q 0 0 0 rg BT 257.93 275.05 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 290.18 275.05 Td (various ) Tj ET Q q 0 0 0 rg BT 318.92 275.05 Td (estimated ) Tj ET Q q 0 0 0 rg BT 355.66 275.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 373.90 275.05 Td (flows ) Tj ET Q q 0 0 0 rg BT 396.15 275.05 Td (for ) Tj ET Q q 0 0 0 rg BT 408.89 275.05 Td (these ) Tj ET Q q 0 0 0 rg BT 429.64 275.05 Td (facilities ) Tj ET Q q 0 0 0 rg BT 462.87 275.05 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 495.12 275.05 Td (Level ) Tj ET Q q 0 0 0 rg BT 517.86 275.05 Td (3 ) Tj ET Q q 0 0 0 rg BT 524.61 275.05 Td (inputs.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 261.25 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.50 261.25 Td (During ) Tj ET Q q 0 0 0 rg BT 103.55 261.25 Td (year ) Tj ET Q q 0 0 0 rg BT 120.59 261.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 143.63 261.25 Td (December ) Tj ET Q q 0 0 0 rg BT 182.16 261.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 194.96 261.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 216.76 261.25 Td (we ) Tj ET Q q 0 0 0 rg BT 228.81 261.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 264.85 261.25 Td (indicators ) Tj ET Q q 0 0 0 rg BT 301.89 261.25 Td (of ) Tj ET Q q 0 0 0 rg BT 310.94 261.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 353.98 261.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 392.52 261.25 Td (with ) Tj ET Q q 0 0 0 rg BT 410.07 261.25 Td (our ) Tj ET Q q 0 0 0 rg BT 423.62 261.25 Td (California ) Tj ET Q q 0 0 0 rg BT 461.66 261.25 Td (Biomass ) Tj ET Q q 0 0 0 rg BT 494.22 261.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 529.00 261.25 Td (primarily ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.50 250.45 Td (that ) Tj ET Q q 0 0 0 rg BT 92.82 250.45 Td (we ) Tj ET Q q 0 0 0 rg BT 106.13 250.45 Td (were ) Tj ET Q q 0 0 0 rg BT 126.44 250.45 Td (unsuccessful ) Tj ET Q q 0 0 0 rg BT 175.25 250.45 Td (in ) Tj ET Q q 0 0 0 rg BT 185.07 250.45 Td (securing ) Tj ET Q q 0 0 0 rg BT 218.38 250.45 Td (new ) Tj ET Q q 0 0 0 rg BT 236.20 250.45 Td (long-term ) Tj ET Q q 0 0 0 rg BT 274.51 250.45 Td (power ) Tj ET Q q 0 0 0 rg BT 299.82 250.45 Td (purchase ) Tj ET Q q 0 0 0 rg BT 334.63 250.45 Td (agreements ) Tj ET Q q 0 0 0 rg BT 378.43 250.45 Td (to ) Tj ET Q q 0 0 0 rg BT 388.25 250.45 Td (replace ) Tj ET Q q 0 0 0 rg BT 417.05 250.45 Td (the ) Tj ET Q q 0 0 0 rg BT 430.86 250.45 Td (current ) Tj ET Q q 0 0 0 rg BT 459.17 250.45 Td (power ) Tj ET Q q 0 0 0 rg BT 484.48 250.45 Td (purchase ) Tj ET Q q 0 0 0 rg BT 519.28 250.45 Td (agreements, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.50 239.65 Td (which ) Tj ET Q q 0 0 0 rg BT 100.10 239.65 Td (were ) Tj ET Q q 0 0 0 rg BT 119.19 239.65 Td (approaching ) Tj ET Q q 0 0 0 rg BT 165.27 239.65 Td (the ) Tj ET Q q 0 0 0 rg BT 177.87 239.65 Td (end ) Tj ET Q q 0 0 0 rg BT 192.47 239.65 Td (of ) Tj ET Q q 0 0 0 rg BT 201.57 239.65 Td (their ) Tj ET Q q 0 0 0 rg BT 219.66 239.65 Td (terms. ) Tj ET Q q 0 0 0 rg BT 243.51 239.65 Td (Based ) Tj ET Q q 0 0 0 rg BT 267.11 239.65 Td (on ) Tj ET Q q 0 0 0 rg BT 277.71 239.65 Td (expected ) Tj ET Q q 0 0 0 rg BT 311.29 239.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 328.89 239.65 Td (flows ) Tj ET Q q 0 0 0 rg BT 350.49 239.65 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 382.09 239.65 Td (Level ) Tj ET Q q 0 0 0 rg BT 404.18 239.65 Td (3 ) Tj ET Q q 0 0 0 rg BT 410.28 239.65 Td (inputs, ) Tj ET Q q 0 0 0 rg BT 436.14 239.65 Td (we ) Tj ET Q q 0 0 0 rg BT 448.24 239.65 Td (recorded ) Tj ET Q q 0 0 0 rg BT 481.32 239.65 Td (a ) Tj ET Q q 0 0 0 rg BT 486.92 239.65 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 521.01 239.65 Td (impairment ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.50 228.85 Td (char) Tj ET Q q 0 0 0 rg BT 91.82 228.85 Td (ge ) Tj ET Q q 0 0 0 rg BT 102.57 228.85 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 112.32 228.85 Td ($34 ) Tj ET Q q 0 0 0 rg BT 128.07 228.85 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 154.07 228.85 Td ( ) Tj ET Q q 0 0 0 rg BT 156.32 228.85 Td (to ) Tj ET Q q 0 0 0 rg BT 165.57 228.85 Td (reduce ) Tj ET Q q 0 0 0 rg BT 191.80 228.85 Td (the ) Tj ET Q q 0 0 0 rg BT 205.04 228.85 Td (carrying ) Tj ET Q q 0 0 0 rg BT 237.28 228.85 Td (value ) Tj ET Q q 0 0 0 rg BT 259.02 228.85 Td (of ) Tj ET Q q 0 0 0 rg BT 268.77 228.85 Td (the ) Tj ET Q q 0 0 0 rg BT 282.01 228.85 Td (California ) Tj ET Q q 0 0 0 rg BT 320.75 228.85 Td (Biomass ) Tj ET Q q 0 0 0 rg BT 354.00 228.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 377.25 228.85 Td (to ) Tj ET Q q 0 0 0 rg BT 386.50 228.85 Td (their ) Tj ET Q q 0 0 0 rg BT 405.24 228.85 Td (estimated ) Tj ET Q q 0 0 0 rg BT 441.98 228.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 456.72 228.85 Td (value. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 212.05 Td (\(3\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 212.05 Td (During ) Tj ET Q q 0 0 0 rg BT 95.47 212.05 Td (2014, ) Tj ET Q q 0 0 0 rg BT 118.18 212.05 Td (we ) Tj ET Q q 0 0 0 rg BT 131.15 212.05 Td (sold ) Tj ET Q q 0 0 0 rg BT 148.62 212.05 Td (our ) Tj ET Q q 0 0 0 rg BT 163.08 212.05 Td (insurance ) Tj ET Q q 0 0 0 rg BT 200.04 212.05 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 245.00 212.05 Td (and ) Tj ET Q q 0 0 0 rg BT 260.46 212.05 Td (recorded ) Tj ET Q q 0 0 0 rg BT 294.41 212.05 Td (a ) Tj ET Q q 0 0 0 rg BT 300.88 212.05 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 335.83 212.05 Td (impairment ) Tj ET Q q 0 0 0 rg BT 379.79 212.05 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.76 212.05 Td ($14 ) Tj ET Q q 0 0 0 rg BT 405.72 212.05 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.73 212.05 Td ( ) Tj ET Q q 0 0 0 rg BT 434.20 212.05 Td (comprised ) Tj ET Q q 0 0 0 rg BT 474.15 212.05 Td (of ) Tj ET Q q 0 0 0 rg BT 484.12 212.05 Td (the ) Tj ET Q q 0 0 0 rg BT 497.58 212.05 Td (write-down ) Tj ET Q q 0 0 0 rg BT 541.54 212.05 Td (of ) Tj ET Q q 0 0 0 rg BT 551.51 212.05 Td (the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 201.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 99.73 201.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 128.98 201.25 Td (in ) Tj ET Q q 0 0 0 rg BT 138.23 201.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 163.97 201.25 Td (of ) Tj ET Q q 0 0 0 rg BT 173.72 201.25 Td (the ) Tj ET Q q 0 0 0 rg BT 186.96 201.25 Td (realizable ) Tj ET Q q 0 0 0 rg BT 224.18 201.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 238.92 201.25 Td (value ) Tj ET Q q 0 0 0 rg BT 260.66 201.25 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 270.41 201.25 Td ($12 ) Tj ET Q q 0 0 0 rg BT 286.16 201.25 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.16 201.25 Td (, ) Tj ET Q q 0 0 0 rg BT 316.66 201.25 Td (plus ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.91 201.25 Td ($2 ) Tj ET Q q 0 0 0 rg BT 345.16 201.25 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.17 201.25 Td ( ) Tj ET Q q 0 0 0 rg BT 373.42 201.25 Td (in ) Tj ET Q q 0 0 0 rg BT 382.67 201.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 414.42 201.25 Td (costs. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 58.5 181.9169921875 m 134.505859375 181.9169921875 l s q 0 0 0 rg BT 58.50 183.25 Td (T) Tj ET Q q 0 0 0 rg BT 63.14 183.25 Td (artech ) Tj ET Q q 0 0 0 rg BT 91.19 183.25 Td (Investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 165.25 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 165.25 Td (e ) Tj ET Q q 0 0 0 rg BT 73.64 165.25 Td (are ) Tj ET Q q 0 0 0 rg BT 87.91 165.25 Td (party ) Tj ET Q q 0 0 0 rg BT 110.52 165.25 Td (to ) Tj ET Q q 0 0 0 rg BT 120.36 165.25 Td (a ) Tj ET Q q 0 0 0 rg BT 126.86 165.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 147.25 165.25 Td (venture ) Tj ET Q q 0 0 0 rg BT 179.30 165.25 Td (that ) Tj ET Q q 0 0 0 rg BT 196.36 165.25 Td (was ) Tj ET Q q 0 0 0 rg BT 213.97 165.25 Td (formed ) Tj ET Q q 0 0 0 rg BT 244.91 165.25 Td (to ) Tj ET Q q 0 0 0 rg BT 254.75 165.25 Td (recover ) Tj ET Q q 0 0 0 rg BT 286.79 165.25 Td (and ) Tj ET Q q 0 0 0 rg BT 303.29 165.25 Td (recycle ) Tj ET Q q 0 0 0 rg BT 334.21 165.25 Td (metals ) Tj ET Q q 0 0 0 rg BT 362.38 165.25 Td (from ) Tj ET Q q 0 0 0 rg BT 383.88 165.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 402.58 165.25 Td ( ) Tj ET Q q 0 0 0 rg BT 404.64 165.25 Td (ash ) Tj ET Q q 0 0 0 rg BT 420.03 165.25 Td (monofills ) Tj ET Q q 0 0 0 rg BT 460.43 165.25 Td (in ) Tj ET Q q 0 0 0 rg BT 470.27 165.25 Td (North ) Tj ET Q q 0 0 0 rg BT 495.20 165.25 Td (America. ) Tj ET Q q 0 0 0 rg BT 534.19 165.25 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 153.25 Td (theyear ) Tj ET Q q 0 0 0 rg BT 84.42 153.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 111.30 153.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 170.38 153.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 195.88 153.25 Td (due ) Tj ET Q q 0 0 0 rg BT 213.32 153.25 Td (to ) Tj ET Q q 0 0 0 rg BT 224.10 153.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 272.08 153.25 Td (dif) Tj ET Q q 0 0 0 rg BT 283.01 153.25 Td (ficulties ) Tj ET Q q 0 0 0 rg BT 318.22 153.25 Td (and ) Tj ET Q q 0 0 0 rg BT 335.66 153.25 Td (the ) Tj ET Q q 0 0 0 rg BT 350.87 153.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 382.74 153.25 Td (in ) Tj ET Q q 0 0 0 rg BT 393.52 153.25 Td (the ) Tj ET Q q 0 0 0 rg BT 408.74 153.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 432.84 153.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 458.05 153.25 Td (market, ) Tj ET Q q 0 0 0 rg BT 491.31 153.25 Td (a ) Tj ET Q q 0 0 0 rg BT 498.75 153.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 538.96 153.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 153.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 141.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 75.42 141.25 Td (was ) Tj ET Q q 0 0 0 rg BT 94.12 141.25 Td (conducted. ) Tj ET Q q 0 0 0 rg BT 140.17 141.25 Td (As ) Tj ET Q q 0 0 0 rg BT 154.43 141.25 Td (a ) Tj ET Q q 0 0 0 rg BT 162.02 141.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 189.89 141.25 Td (we ) Tj ET Q q 0 0 0 rg BT 204.70 141.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 242.82 141.25 Td (a ) Tj ET Q q 0 0 0 rg BT 250.41 141.25 Td (net ) Tj ET Q q 0 0 0 rg BT 265.78 141.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 315.03 141.25 Td (of ) Tj ET Q q 0 0 0 rg BT 326.50 141.25 Td (our ) Tj ET Q q 0 0 0 rg BT 342.98 141.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 390.02 141.25 Td (in ) Tj ET Q q 0 0 0 rg BT 400.94 141.25 Td (this ) Tj ET Q q 0 0 0 rg BT 418.54 141.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 440.03 141.25 Td (venture ) Tj ET Q q 0 0 0 rg BT 473.16 141.25 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.99 141.25 Td ($3 ) Tj ET Q q 0 0 0 rg BT 497.14 141.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.03 141.25 Td (, ) Tj ET Q q 0 0 0 rg BT 531.68 141.25 Td (pre-tax, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 129.25 Td (which ) Tj ET Q q 0 0 0 rg BT 76.47 129.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 119.54 129.25 Td (our ) Tj ET Q q 0 0 0 rg BT 135.40 129.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 166.82 129.25 Td (of ) Tj ET Q q 0 0 0 rg BT 177.68 129.25 Td (the ) Tj ET Q q 0 0 0 rg BT 192.42 129.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 228.27 129.25 Td (value ) Tj ET Q q 0 0 0 rg BT 252.46 129.25 Td (of ) Tj ET Q q 0 0 0 rg BT 263.32 129.25 Td (the ) Tj ET Q q 0 0 0 rg BT 278.06 129.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 303.37 129.25 Td (in ) Tj ET Q q 0 0 0 rg BT 313.68 129.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 342.31 129.25 Td (of ) Tj ET Q q 0 0 0 rg BT 353.17 129.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.92 129.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 384.32 129.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 411.01 129.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 433.54 129.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 466.07 129.25 Td (was ) Tj ET Q q 0 0 0 rg BT 484.15 129.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 527.21 129.25 Td (based ) Tj ET Q q 0 0 0 rg BT 552.51 129.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 117.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.19 117.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 106.98 117.25 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 153.77 117.25 Td (value ) Tj ET Q q 0 0 0 rg BT 178.90 117.25 Td (of ) Tj ET Q q 0 0 0 rg BT 190.70 117.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.38 117.25 Td (tangible ) Tj ET Q q 0 0 0 rg BT 242.07 117.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 287.75 117.25 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 324.55 117.25 Td (Level ) Tj ET Q q 0 0 0 rg BT 350.78 117.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 359.25 117.25 Td (inputs. ) Tj ET Q q 0 0 0 rg BT 389.67 117.25 Td (For ) Tj ET Q q 0 0 0 rg BT 407.03 117.25 Td (more ) Tj ET Q q 0 0 0 rg BT 431.04 117.25 Td (information ) Tj ET Q q 0 0 0 rg BT 481.72 117.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 523.51 117.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.85 117.25 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 105.25 Td (measurements, ) Tj ET Q q 0 0 0 rg BT 111.70 105.25 Td (see) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 126.97 105.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 148.36 105.25 Td (12.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.86 105.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 163.36 105.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 204.74 105.25 Td (Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.96 105.25 Td (.) Tj ET Q endstream endobj 199 0 obj <>] /Rotate 0 /Contents 200 0 R>> endobj 200 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (99) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 726.25 Td (Non-Cash ) Tj ET Q q 0 0 0 rg BT 94.79 726.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 147.83 726.25 Td (Debt ) Tj ET Q q 0 0 0 rg BT 170.89 726.25 Td (Related ) Tj ET Q q 0 0 0 rg BT 206.16 726.25 Td (Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 708.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.55 708.25 Td (components ) Tj ET Q q 0 0 0 rg BT 136.37 708.25 Td (of ) Tj ET Q q 0 0 0 rg BT 147.20 708.25 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 185.80 708.25 Td (convertible ) Tj ET Q q 0 0 0 rg BT 233.28 708.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 253.00 708.25 Td (related ) Tj ET Q q 0 0 0 rg BT 282.70 708.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 317.41 708.25 Td (are ) Tj ET Q q 0 0 0 rg BT 332.11 708.25 Td (as ) Tj ET Q q 0 0 0 rg BT 342.94 708.25 Td (follows ) Tj ET Q q 0 0 0 rg BT 375.44 708.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 389.05 708.25 Td (millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 48.00 657.75 310.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 657.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 657.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 657.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 657.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 657.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 48.00 627.75 310.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 627.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 627.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 627.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 627.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 627.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 670.75 m 423 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423 670.75 m 427 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 670.75 m 492 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 670.75 m 496 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 670.75 m 561 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 670.75 m 423 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 657.75 m 423 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423 670.75 m 427 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 670.75 m 492 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 657.75 m 492 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 670.75 m 496 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 670.75 m 561 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 657.75 m 561 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 657.75 m 423 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 657.75 m 492 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 657.75 m 561 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 612.75 m 423 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 612.75 m 492 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 612.75 m 561 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 598.75 m 423 598.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 596.75 m 423 596.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 598.75 m 492 598.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 596.75 m 492 596.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 598.75 m 561 598.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 596.75 m 561 596.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.50 675.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.00 682.98 Td (For the Years Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.75 674.98 Td (December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.50 662.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.00 661.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.00 661.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.00 661.98 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 647.42 Td (Debt discount accretion related to the 3.25%Notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.50 647.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 647.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.50 647.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 647.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.50 647.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 647.42 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 632.42 Td (Fair value changes related to the cash convertible note hedge) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 632.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 632.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.80 632.47 Td (\(5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 632.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 617.42 Td (Fair value changes related to the cash conversion option derivative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 617.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 617.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.15 617.42 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.50 602.42 Td (Total non-cash convertible debt related expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.50 602.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 602.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.50 602.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 602.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.50 602.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 602.42 Td (13) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 574.25 Td (Selected Supplementary Balance Sheet Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 556.25 Td (Selected ) Tj ET Q q 0 0 0 rg BT 103.87 556.25 Td (supplementary ) Tj ET Q q 0 0 0 rg BT 165.24 556.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 198.28 556.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 221.32 556.25 Td (information ) Tj ET Q q 0 0 0 rg BT 271.04 556.25 Td (is ) Tj ET Q q 0 0 0 rg BT 280.21 556.25 Td (as ) Tj ET Q q 0 0 0 rg BT 291.04 556.25 Td (follows ) Tj ET Q q 0 0 0 rg BT 323.54 556.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 337.14 556.25 Td (millions\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 516.75 343.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 516.75 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 516.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 516.75 81.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 487.75 343.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 487.75 85.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 487.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 487.75 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 459.75 343.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 459.75 85.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 459.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 459.75 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 432.75 343.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 432.75 85.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 432.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 432.75 81.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 394.75 343.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 394.75 85.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 394.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 394.75 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 366.75 343.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 366.75 85.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 366.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 366.75 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 338.75 343.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 338.75 85.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 338.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 338.75 81.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 528.75 m 477 528.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 528.75 m 481 528.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 528.75 m 562 528.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 528.75 m 477 528.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 516.75 m 477 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 528.75 m 481 528.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 528.75 m 562 528.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 516.75 m 562 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 516.75 m 477 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 516.75 m 562 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 445.75 m 477 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 445.75 m 562 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 433.75 m 477 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 431.75 m 477 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 433.75 m 562 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 431.75 m 562 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 431.75 m 477 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 433.75 m 477 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 431.75 m 562 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 433.75 m 562 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 338.75 m 477 338.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 338.75 m 562 338.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 325.75 m 477 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 323.75 m 477 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 325.75 m 562 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 323.75 m 562 323.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.45 532.98 Td (As of December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 520.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.00 520.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.00 520.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 507.32 Td (Prepaid expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.50 506.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 506.42 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.50 506.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 506.42 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 492.32 Td (Hedge receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 492.32 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 492.32 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 478.32 Td (Spare parts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 478.32 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 478.32 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 464.32 Td (Renewable energy credits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 464.32 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 464.32 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 450.32 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 450.32 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 450.32 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 436.32 Td (Total prepaid expenses and other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.50 436.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 436.32 Td (72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.50 436.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 436.32 Td (117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 413.42 Td (Operating expenses, payroll and related expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.50 413.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 413.42 Td (164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.50 413.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 413.42 Td (114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 399.32 Td (Deferred revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 399.32 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 399.32 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 385.32 Td (Accrued liabilities to client communities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 385.32 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 385.32 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 371.32 Td (Interest payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 371.32 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 371.32 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 357.32 Td (Dividends payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 357.32 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 357.32 Td (34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 343.32 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 343.32 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 343.32 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 329.32 Td (Total accrued expenses and other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.50 329.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 329.32 Td (289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.50 329.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 329.32 Td (234) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 291.45 Td (NOTE15.INCOME ) Tj ET Q q 0 0 0 rg BT 139.88 291.45 Td (T) Tj ET Q q 0 0 0 rg BT 145.81 291.45 Td (AXES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 273.45 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 273.45 Td (e ) Tj ET Q q 0 0 0 rg BT 73.97 273.45 Td (file ) Tj ET Q q 0 0 0 rg BT 89.68 273.45 Td (a ) Tj ET Q q 0 0 0 rg BT 96.51 273.45 Td (federal ) Tj ET Q q 0 0 0 rg BT 126.66 273.45 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 179.59 273.45 Td (income ) Tj ET Q q 0 0 0 rg BT 211.42 273.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 226.03 273.45 Td (return ) Tj ET Q q 0 0 0 rg BT 252.30 273.45 Td (with ) Tj ET Q q 0 0 0 rg BT 272.47 273.45 Td (our ) Tj ET Q q 0 0 0 rg BT 288.19 273.45 Td (eligible ) Tj ET Q q 0 0 0 rg BT 320.57 273.45 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 372.68 273.45 Td (Our ) Tj ET Q q 0 0 0 rg BT 390.62 273.45 Td (federal ) Tj ET Q q 0 0 0 rg BT 420.77 273.45 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 473.70 273.45 Td (income ) Tj ET Q q 0 0 0 rg BT 505.53 273.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 520.13 273.45 Td (return ) Tj ET Q q 0 0 0 rg BT 546.40 273.45 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 261.45 Td (includes ) Tj ET Q q 0 0 0 rg BT 85.30 261.45 Td (the ) Tj ET Q q 0 0 0 rg BT 100.00 261.45 Td (taxable ) Tj ET Q q 0 0 0 rg BT 131.35 261.45 Td (results ) Tj ET Q q 0 0 0 rg BT 159.93 261.45 Td (of ) Tj ET Q q 0 0 0 rg BT 170.74 261.45 Td (certain ) Tj ET Q q 0 0 0 rg BT 200.42 261.45 Td (grantor ) Tj ET Q q 0 0 0 rg BT 231.77 261.45 Td (trusts ) Tj ET Q q 0 0 0 rg BT 255.92 261.45 Td (described ) Tj ET Q q 0 0 0 rg BT 296.71 261.45 Td (below) Tj ET Q q 0 0 0 rg BT 320.50 261.45 Td (. ) Tj ET Q q 0 0 0 rg BT 325.30 261.45 Td (The ) Tj ET Q q 0 0 0 rg BT 343.32 261.45 Td (components ) Tj ET Q q 0 0 0 rg BT 394.12 261.45 Td (of ) Tj ET Q q 0 0 0 rg BT 404.93 261.45 Td (income ) Tj ET Q q 0 0 0 rg BT 436.84 261.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 451.54 261.45 Td (expense ) Tj ET Q q 0 0 0 rg BT 486.22 261.45 Td (were ) Tj ET Q q 0 0 0 rg BT 508.13 261.45 Td (as ) Tj ET Q q 0 0 0 rg BT 518.93 261.45 Td (follows ) Tj ET Q q 0 0 0 rg BT 551.41 261.45 Td (\(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 249.45 Td (millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 200.95 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 200.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 200.95 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 200.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 200.95 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 200.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 200.95 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 172.95 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 172.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 172.95 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 172.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 172.95 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 172.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 172.95 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 130.95 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 130.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 130.95 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 130.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 130.95 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 130.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 130.95 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 102.95 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 102.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 102.95 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 102.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 102.95 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 102.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 102.95 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 74.95 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 74.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 74.95 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 74.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 74.95 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 74.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 74.95 74.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 226.95000000000005 m 406 226.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 226.95000000000005 m 410 226.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 226.95000000000005 m 484 226.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 226.95000000000005 m 488 226.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 226.95000000000005 m 562 226.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 226.95000000000005 m 406 226.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 214.95000000000005 m 406 214.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 226.95000000000005 m 410 226.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 226.95000000000005 m 484 226.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 214.95000000000005 m 484 214.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 226.95000000000005 m 488 226.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 226.95000000000005 m 562 226.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 214.95000000000005 m 562 214.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 158.95000000000005 m 406 158.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 158.95000000000005 m 484 158.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 158.95000000000005 m 562 158.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 88.95000000000005 m 406 88.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 88.95000000000005 m 484 88.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 88.95000000000005 m 562 88.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 74.95000000000005 m 406 74.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 74.95000000000005 m 484 74.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 74.95000000000005 m 562 74.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 61.950000000000045 m 406 61.950000000000045 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 59.950000000000045 m 406 59.950000000000045 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 61.950000000000045 m 484 61.950000000000045 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 59.950000000000045 m 484 59.950000000000045 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 61.950000000000045 m 562 61.950000000000045 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 59.950000000000045 m 562 59.950000000000045 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 230.90 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.75 231.03 Td (For the Years Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.00 219.03 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.50 219.03 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.50 219.03 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 205.52 Td (Current:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 191.52 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.50 191.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.80 191.57 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 191.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.50 191.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.80 191.57 Td (\(91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 191.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.50 191.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 191.57 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 191.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 177.52 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 177.52 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 177.52 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 177.52 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 163.52 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.80 163.57 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 163.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 163.52 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 163.52 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 149.52 Td (Total current) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 149.52 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.80 149.57 Td (\(73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 149.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 149.52 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 135.52 Td (Deferred:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 121.52 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 121.52 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 121.52 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 121.57 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 121.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 107.52 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.80 107.57 Td (\(9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 107.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.80 107.57 Td (\(11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 107.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 107.52 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 93.52 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 93.52 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 93.57 Td (\(7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 93.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 93.57 Td (\(3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 93.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 79.52 Td (Total deferred) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 79.52 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.80 79.57 Td (\(11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 79.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 79.52 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 65.52 Td (Total income tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.50 65.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 65.52 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.50 65.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.80 65.57 Td (\(84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 65.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.50 65.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 65.52 Td (15) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 201 0 obj <>] /Rotate 0 /Contents 202 0 R>> endobj 202 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 711.10 Td (Domestic and foreign pre-tax income \(loss\) was as follows \(in millions\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 673.60 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 673.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 673.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 673.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 673.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 673.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 673.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 645.60 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 645.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 645.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 645.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 645.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 645.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 645.60 74.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 685.6 m 406 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 685.6 m 410 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 685.6 m 484 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 685.6 m 488 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 685.6 m 562 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 685.6 m 406 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 673.6 m 406 673.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 685.6 m 410 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 685.6 m 484 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 673.6 m 484 673.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 685.6 m 488 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 685.6 m 562 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 673.6 m 562 673.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 673.6 m 406 673.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 673.6 m 484 673.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 673.6 m 562 673.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 645.6 m 406 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 645.6 m 484 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 645.6 m 562 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 632.6 m 406 632.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 630.6 m 406 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 632.6 m 484 632.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 630.6 m 484 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 632.6 m 562 632.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 630.6 m 562 630.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.75 689.68 Td (For the Years Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 677.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.00 677.68 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.50 677.68 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.50 677.68 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 664.17 Td (Domestic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.50 664.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 664.17 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.50 664.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 664.17 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.50 664.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 664.17 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 650.17 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 650.22 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 650.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.80 650.22 Td (\(34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 650.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 650.22 Td (\(10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 650.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 636.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.50 636.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 636.17 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.50 636.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.80 636.22 Td (\(28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 636.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.50 636.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 636.17 Td (4) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 611.10 Td (The ) Tj ET Q q 0 0 0 rg BT 76.02 611.10 Td (ef) Tj ET Q q 0 0 0 rg BT 83.61 611.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 112.79 611.10 Td (income ) Tj ET Q q 0 0 0 rg BT 144.20 611.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 158.39 611.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 175.35 611.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.88 611.10 Td (150%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.21 611.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.68 611.10 Td (302%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.01 611.10 Td (, ) Tj ET Q q 0 0 0 rg BT 248.49 611.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.90 611.10 Td (388%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.23 611.10 Td ( ) Tj ET Q q 0 0 0 rg BT 290.20 611.10 Td (for ) Tj ET Q q 0 0 0 rg BT 303.84 611.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.03 611.10 Td (years ) Tj ET Q q 0 0 0 rg BT 341.10 611.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.96 611.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 425.02 611.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 449.49 611.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 471.47 611.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.88 611.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.88 611.10 Td (, ) Tj ET Q q 0 0 0 rg BT 512.35 611.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 560.02 611.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 599.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.45 599.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 106.27 599.10 Td (in ) Tj ET Q q 0 0 0 rg BT 117.45 599.10 Td (ef) Tj ET Q q 0 0 0 rg BT 125.04 599.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 155.64 599.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 171.26 599.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 189.65 599.10 Td (for ) Tj ET Q q 0 0 0 rg BT 204.71 599.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.33 599.10 Td (year ) Tj ET Q q 0 0 0 rg BT 240.95 599.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 268.23 599.10 Td (December ) Tj ET Q q 0 0 0 rg BT 312.71 599.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 328.62 599.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 354.52 599.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 397.35 599.10 Td (to ) Tj ET Q q 0 0 0 rg BT 408.53 599.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.15 599.10 Td (year ) Tj ET Q q 0 0 0 rg BT 444.76 599.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 472.04 599.10 Td (December ) Tj ET Q q 0 0 0 rg BT 516.53 599.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 532.43 599.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 555.83 599.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 587.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 89.49 587.10 Td (due ) Tj ET Q q 0 0 0 rg BT 106.71 587.10 Td (to ) Tj ET Q q 0 0 0 rg BT 117.26 587.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.25 587.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 174.47 587.10 Td (ef) Tj ET Q q 0 0 0 rg BT 182.05 587.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 203.71 587.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.82 587.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 227.03 587.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.03 587.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 290.34 587.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.45 587.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 316.45 587.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 346.99 587.10 Td (due ) Tj ET Q q 0 0 0 rg BT 364.20 587.10 Td (to ) Tj ET Q q 0 0 0 rg BT 374.76 587.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.75 587.10 Td (resolution ) Tj ET Q q 0 0 0 rg BT 432.53 587.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.63 587.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.63 587.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 476.97 587.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 499.74 587.10 Td (in ) Tj ET Q q 0 0 0 rg BT 510.29 587.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 533.07 587.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.29 587.10 Td (\(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.62 575.10 Td (fact ) Tj ET Q q 0 0 0 rg BT 80.52 575.10 Td (that ) Tj ET Q q 0 0 0 rg BT 97.42 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.54 575.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 152.33 575.10 Td (turned ) Tj ET Q q 0 0 0 rg BT 179.79 575.10 Td (from ) Tj ET Q q 0 0 0 rg BT 201.13 575.10 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 231.36 575.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 248.82 575.10 Td (in ) Tj ET Q q 0 0 0 rg BT 258.51 575.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 280.42 575.10 Td (to ) Tj ET Q q 0 0 0 rg BT 290.10 575.10 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 320.32 575.10 Td (income ) Tj ET Q q 0 0 0 rg BT 351.66 575.10 Td (in ) Tj ET Q q 0 0 0 rg BT 361.35 575.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 385.75 575.10 Td (of) Tj ET Q q 0 0 0 rg BT 393.90 575.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 410.25 575.10 Td (by ) Tj ET Q q 0 0 0 rg BT 422.16 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.28 575.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 475.39 575.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 489.51 575.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 527.54 575.10 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 563.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.82 563.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 84.67 563.10 Td (The ) Tj ET Q q 0 0 0 rg BT 102.76 563.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 139.71 563.10 Td (in ) Tj ET Q q 0 0 0 rg BT 150.02 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.78 563.10 Td (ef) Tj ET Q q 0 0 0 rg BT 172.37 563.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 202.11 563.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 216.86 563.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 234.39 563.10 Td (for ) Tj ET Q q 0 0 0 rg BT 248.58 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.34 563.10 Td (year ) Tj ET Q q 0 0 0 rg BT 283.08 563.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 309.50 563.10 Td (December ) Tj ET Q q 0 0 0 rg BT 353.12 563.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 368.16 563.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 393.20 563.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 435.16 563.10 Td (to ) Tj ET Q q 0 0 0 rg BT 445.48 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.23 563.10 Td (year ) Tj ET Q q 0 0 0 rg BT 479.98 563.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 506.39 563.10 Td (December ) Tj ET Q q 0 0 0 rg BT 550.01 563.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 551.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 71.16 551.10 Td (was ) Tj ET Q q 0 0 0 rg BT 88.37 551.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 127.24 551.10 Td (due ) Tj ET Q q 0 0 0 rg BT 143.33 551.10 Td (to ) Tj ET Q q 0 0 0 rg BT 152.77 551.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.64 551.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 213.84 551.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.83 551.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 237.71 551.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 267.13 551.10 Td (due ) Tj ET Q q 0 0 0 rg BT 283.22 551.10 Td (to ) Tj ET Q q 0 0 0 rg BT 292.66 551.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.53 551.10 Td (resolution ) Tj ET Q q 0 0 0 rg BT 348.19 551.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.17 551.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.05 551.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 389.27 551.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 410.92 551.10 Td (in ) Tj ET Q q 0 0 0 rg BT 420.36 551.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 442.01 551.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.11 551.10 Td (non-recurring ) Tj ET Q q 0 0 0 rg BT 514.74 551.10 Td (adjustments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 539.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.44 539.10 Td (the ) Tj ET Q q 0 0 0 rg BT 86.16 539.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 108.09 539.10 Td (year) Tj ET Q q 0 0 0 rg BT 124.75 539.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 518.10 Td ( ) Tj ET Q q 0 0 0 rg BT 60.95 518.10 Td (A) Tj ET Q q 0 0 0 rg BT 67.62 518.10 Td ( ) Tj ET Q q 0 0 0 rg BT 70.76 518.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 128.88 518.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.36 518.10 Td (our ) Tj ET Q q 0 0 0 rg BT 156.83 518.10 Td (income ) Tj ET Q q 0 0 0 rg BT 189.41 518.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 204.77 518.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 240.12 518.10 Td (\(benefit\) ) Tj ET Q q 0 0 0 rg BT 277.69 518.10 Td (at ) Tj ET Q q 0 0 0 rg BT 288.05 518.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.41 518.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 334.30 518.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 372.44 518.10 Td (income ) Tj ET Q q 0 0 0 rg BT 405.02 518.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 420.38 518.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 438.51 518.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.98 518.10 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.31 518.10 Td ( ) Tj ET Q q 0 0 0 rg BT 471.46 518.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.38 518.10 Td (income ) Tj ET Q q 0 0 0 rg BT 514.95 518.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 530.31 518.10 Td (expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 506.10 Td (\(benefit\) ) Tj ET Q q 0 0 0 rg BT 86.42 506.10 Td (at ) Tj ET Q q 0 0 0 rg BT 96.14 506.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.86 506.10 Td (ef) Tj ET Q q 0 0 0 rg BT 118.45 506.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 148.15 506.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 162.86 506.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 180.35 506.10 Td (is ) Tj ET Q q 0 0 0 rg BT 189.52 506.10 Td (as ) Tj ET Q q 0 0 0 rg BT 200.35 506.10 Td (follows ) Tj ET Q q 0 0 0 rg BT 232.85 506.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 246.46 506.10 Td (millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 471.60 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 471.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 471.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 471.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 471.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 471.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 471.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 443.60 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 443.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 443.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 443.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 443.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 443.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 443.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 415.60 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 415.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 415.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 415.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 415.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 415.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 415.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 387.60 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 387.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 387.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 387.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 387.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 387.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 387.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 359.60 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 359.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 359.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 359.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 359.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 359.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 359.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 331.60 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 331.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 331.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 331.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 331.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 331.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 331.60 74.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 483.6 m 406 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 483.6 m 410 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 483.6 m 484 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 483.6 m 488 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 483.6 m 562 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 483.6 m 406 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 471.6 m 406 471.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 483.6 m 410 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 483.6 m 484 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 471.6 m 484 471.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 483.6 m 488 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 483.6 m 562 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 471.6 m 562 471.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 471.6 m 406 471.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 471.6 m 484 471.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 471.6 m 562 471.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 331.6 m 406 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 318.6 m 406 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 316.6 m 406 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 331.6 m 484 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 318.6 m 484 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 316.6 m 484 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 331.6 m 562 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 318.6 m 562 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 316.6 m 562 316.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 487.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.75 487.68 Td (For the Years Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 475.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.00 475.68 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.50 475.68 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.50 475.68 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 462.17 Td (Income tax expense \(benefit\) at the federal statutory rate) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.50 462.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.00 462.06 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.50 462.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.50 462.06 Td (\(10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 462.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.50 462.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 462.06 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 448.17 Td (State and other tax expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.00 448.06 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 448.06 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 448.06 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 434.17 Td (Tax rate differential on foreign earnings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.00 434.06 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 434.06 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 434.06 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 420.17 Td (Permanent differences) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.00 420.06 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 420.06 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 420.06 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 406.17 Td (Production tax credits/R&E tax credits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.50 406.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 406.06 Td (\(3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 406.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.00 406.06 Td (\(4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 406.06 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 392.17 Td (State ITC credit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.00 392.06 Td (\(4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.50 392.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.50 392.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 392.06 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 378.17 Td (Change in valuation allowance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.00 378.06 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 378.06 Td (\(7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 378.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 378.06 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 364.17 Td (Liability for uncertain tax positions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.50 364.06 Td (16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.50 364.06 Td (\(82) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 364.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 364.06 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 350.17 Td (Adjustment to deferred tax) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.00 350.06 Td (\(5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.50 350.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 350.06 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.00 350.06 Td (\(9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 350.06 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 336.17 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.00 336.06 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.50 336.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 336.06 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 336.06 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 322.17 Td (Total income tax expense \(benefit\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.50 322.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.50 322.06 Td (22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.50 322.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.50 322.06 Td (\(84) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 322.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.50 322.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 322.06 Td (15) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 297.10 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 297.10 Td (e ) Tj ET Q q 0 0 0 rg BT 74.29 297.10 Td (had ) Tj ET Q q 0 0 0 rg BT 91.45 297.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 144.71 297.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 175.18 297.10 Td (NOLs ) Tj ET Q q 0 0 0 rg BT 202.34 297.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 243.38 297.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.87 297.10 Td (be ) Tj ET Q q 0 0 0 rg BT 266.03 297.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.51 297.10 Td ($288 ) Tj ET Q q 0 0 0 rg BT 349.22 297.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.11 297.10 Td ( ) Tj ET Q q 0 0 0 rg BT 380.83 297.10 Td (for ) Tj ET Q q 0 0 0 rg BT 395.21 297.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 425.68 297.10 Td (income ) Tj ET Q q 0 0 0 rg BT 457.83 297.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 472.77 297.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 511.03 297.10 Td (as ) Tj ET Q q 0 0 0 rg BT 522.08 297.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.13 297.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.06 297.10 Td (end ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 285.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.33 285.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.33 285.10 Td (. ) Tj ET Q q 0 0 0 rg BT 85.15 285.10 Td (These ) Tj ET Q q 0 0 0 rg BT 111.53 285.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 164.57 285.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 194.82 285.10 Td (NOLs ) Tj ET Q q 0 0 0 rg BT 221.77 285.10 Td (will ) Tj ET Q q 0 0 0 rg BT 239.82 285.10 Td (expire, ) Tj ET Q q 0 0 0 rg BT 269.81 285.10 Td (if ) Tj ET Q q 0 0 0 rg BT 278.42 285.10 Td (not ) Tj ET Q q 0 0 0 rg BT 293.69 285.10 Td (used, ) Tj ET Q q 0 0 0 rg BT 317.02 285.10 Td (in ) Tj ET Q q 0 0 0 rg BT 327.30 285.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.02 285.10 Td (following ) Tj ET Q q 0 0 0 rg BT 383.41 285.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 419.79 285.10 Td (in ) Tj ET Q q 0 0 0 rg BT 430.07 285.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.79 285.10 Td (following ) Tj ET Q q 0 0 0 rg BT 486.17 285.10 Td (years ) Tj ET Q q 0 0 0 rg BT 509.77 285.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 523.38 285.10 Td (millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 231.60 413.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 231.60 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 203.60 413.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 203.60 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 175.60 413.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 175.60 100.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 231.60000000000002 m 563 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 161.60000000000002 m 563 161.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 148.60000000000002 m 563 148.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 146.60000000000002 m 563 146.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 235.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.15 251.68 Td (Amount of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.05 243.68 Td (Carryforward) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.35 235.68 Td (Expiring) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 222.17 Td (2028) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 222.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 222.17 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 208.17 Td (2030) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 208.17 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 194.17 Td (2031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 194.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 180.17 Td (2032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 180.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 166.17 Td (2033) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 166.17 Td (193) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 152.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 152.17 Td (288) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 130.10 Td (In ) Tj ET Q q 0 0 0 rg BT 68.81 130.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 103.57 130.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.33 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.52 130.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 180.05 130.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 209.78 130.10 Td (NOLs, ) Tj ET Q q 0 0 0 rg BT 238.71 130.10 Td (as ) Tj ET Q q 0 0 0 rg BT 249.02 130.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.33 130.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 317.40 130.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.40 130.10 Td (, ) Tj ET Q q 0 0 0 rg BT 341.88 130.10 Td (we ) Tj ET Q q 0 0 0 rg BT 355.52 130.10 Td (had ) Tj ET Q q 0 0 0 rg BT 371.94 130.10 Td (state ) Tj ET Q q 0 0 0 rg BT 392.25 130.10 Td (NOL) Tj ET Q q 0 0 0 rg BT 412.43 130.10 Td ( ) Tj ET Q q 0 0 0 rg BT 414.41 130.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 472.47 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.78 130.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.52 130.10 Td ($291 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 118.10 Td (, ) Tj ET Q q 0 0 0 rg BT 83.58 118.10 Td (which ) Tj ET Q q 0 0 0 rg BT 110.70 118.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 138.37 118.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.37 118.10 Td (2028) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.37 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 197.06 118.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.18 118.10 Td (2035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.18 118.10 Td (, ) Tj ET Q q 0 0 0 rg BT 239.37 118.10 Td (net ) Tj ET Q q 0 0 0 rg BT 254.27 118.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 285.83 118.10 Td (NOL) Tj ET Q q 0 0 0 rg BT 306.01 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 308.70 118.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 367.46 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.48 118.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.92 118.10 Td ($227 ) Tj ET Q q 0 0 0 rg BT 461.61 118.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.50 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 493.19 118.10 Td (expiring ) Tj ET Q q 0 0 0 rg BT 529.20 118.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.67 106.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.27 106.10 Td (2036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.27 106.10 Td (. ) Tj ET Q q 0 0 0 rg BT 115.71 106.10 Td (The ) Tj ET Q q 0 0 0 rg BT 134.42 106.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 165.34 106.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 180.73 106.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 206.66 106.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 265.90 106.10 Td (include ) Tj ET Q q 0 0 0 rg BT 298.50 106.10 Td (production ) Tj ET Q q 0 0 0 rg BT 344.99 106.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 360.38 106.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 390.20 106.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.70 106.10 Td ($47 ) Tj ET Q q 0 0 0 rg BT 419.86 106.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.75 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 451.92 106.10 Td (expiring ) Tj ET Q q 0 0 0 rg BT 488.41 106.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.89 106.10 Td (2024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.89 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 548.06 106.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (2036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 94.10 Td (, ) Tj ET Q q 0 0 0 rg BT 74.60 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 91.63 94.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 133.12 94.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 147.93 94.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 177.19 94.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.11 94.10 Td ($7 ) Tj ET Q q 0 0 0 rg BT 200.71 94.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.60 94.10 Td ( ) Tj ET Q q 0 0 0 rg BT 232.20 94.10 Td (with ) Tj ET Q q 0 0 0 rg BT 252.57 94.10 Td (no ) Tj ET Q q 0 0 0 rg BT 265.17 94.10 Td (expiration. ) Tj ET Q q 0 0 0 rg BT 310.23 94.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 360.14 94.10 Td (, ) Tj ET Q q 0 0 0 rg BT 365.23 94.10 Td (we ) Tj ET Q q 0 0 0 rg BT 379.49 94.10 Td (had ) Tj ET Q q 0 0 0 rg BT 396.53 94.10 Td (state ) Tj ET Q q 0 0 0 rg BT 417.45 94.10 Td (income ) Tj ET Q q 0 0 0 rg BT 449.48 94.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 464.29 94.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 489.65 94.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.58 94.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 513.17 94.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.07 94.10 Td (. ) Tj ET Q q 0 0 0 rg BT 546.98 94.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 109.21 82.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 145.01 82.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 159.73 82.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 185.56 82.10 Td (are ) Tj ET Q q 0 0 0 rg BT 200.27 82.10 Td (of) Tj ET Q q 0 0 0 rg BT 208.42 82.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 225.35 82.10 Td (by ) Tj ET Q q 0 0 0 rg BT 237.85 82.10 Td (a ) Tj ET Q q 0 0 0 rg BT 244.79 82.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 284.50 82.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 327.54 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 338.37 82.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.63 82.10 Td ($71 ) Tj ET Q q 0 0 0 rg BT 416.13 82.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.02 82.10 Td (.) Tj ET Q endstream endobj 203 0 obj <>] /Rotate 0 /Contents 204 0 R>> endobj 204 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 726.10 Td (The ) Tj ET Q q 0 0 0 rg BT 81.10 726.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 97.38 726.10 Td (ef) Tj ET Q q 0 0 0 rg BT 104.97 726.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 127.90 726.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.29 726.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 185.44 726.10 Td (dif) Tj ET Q q 0 0 0 rg BT 196.37 726.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 233.73 726.10 Td (that ) Tj ET Q q 0 0 0 rg BT 252.79 726.10 Td (give ) Tj ET Q q 0 0 0 rg BT 274.06 726.10 Td (rise ) Tj ET Q q 0 0 0 rg BT 292.56 726.10 Td (to ) Tj ET Q q 0 0 0 rg BT 304.40 726.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.67 726.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 358.03 726.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 374.31 726.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 401.70 726.10 Td (and ) Tj ET Q q 0 0 0 rg BT 420.19 726.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 461.47 726.10 Td (are ) Tj ET Q q 0 0 0 rg BT 477.73 726.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 520.11 726.10 Td (as ) Tj ET Q q 0 0 0 rg BT 532.50 726.10 Td (follows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.10 Td (\(inmillions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 665.60 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 665.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 665.60 83.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 665.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 665.60 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 637.60 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 637.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 637.60 83.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 637.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 637.60 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 609.60 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 609.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 609.60 83.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 609.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 609.60 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 581.60 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 581.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 581.60 83.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 581.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 581.60 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 553.60 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 553.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 553.60 83.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 553.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 553.60 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 525.60 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 525.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 525.60 83.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 525.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 525.60 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 497.60 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 497.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 497.60 83.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 497.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 497.60 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 469.60 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 469.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 469.60 83.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 469.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 469.60 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 441.60 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 441.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 441.60 83.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 441.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 441.60 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 413.60 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 413.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 413.60 83.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 413.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 413.60 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 385.60 337.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 385.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 385.60 83.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 385.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 385.60 84.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 691.6 m 474 691.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 691.6 m 478 691.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 691.6 m 562 691.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 691.6 m 474 691.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 679.6 m 474 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 691.6 m 478 691.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 691.6 m 562 691.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 679.6 m 562 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 553.6 m 474 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 553.6 m 562 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 525.6 m 474 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 525.6 m 562 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 511.6 m 474 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 511.6 m 562 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 385.6 m 474 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 385.6 m 562 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 371.6 m 474 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 371.6 m 562 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 357.6 m 474 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 355.6 m 474 355.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 357.6 m 562 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 355.6 m 562 355.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 695.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.95 695.68 Td (As of December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 683.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.00 683.68 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.50 683.68 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 670.17 Td (Deferred tax assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 656.17 Td (Capital loss carryforward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.50 656.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 656.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.50 656.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 656.17 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 642.17 Td (Net operating loss carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 642.17 Td (143) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 642.17 Td (157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 628.17 Td (Accrued expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 628.17 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 628.17 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 614.17 Td (Prepaid and other costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 614.17 Td (71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 614.17 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 600.17 Td (Deferred tax assets attributable to pass-through entities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 600.17 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 600.17 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 586.17 Td (Retirement benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 586.17 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 586.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 572.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 572.17 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 572.17 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 558.17 Td (AMT and other credit carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 558.17 Td (55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 558.17 Td (67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 544.17 Td (Total gross deferred tax asset) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 544.17 Td (313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 544.17 Td (308) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 530.17 Td (Less: valuation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.80 530.22 Td (\(71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 530.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 530.22 Td (\(73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 530.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 516.17 Td (Total deferred tax asset) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 516.17 Td (242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 516.17 Td (235) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 502.17 Td (Deferred tax liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 488.17 Td (Unbilled accounts receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 488.17 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 488.17 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 474.17 Td (Property, plant and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 474.17 Td (780) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 474.17 Td (725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 460.17 Td (Intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 460.17 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 460.17 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 446.17 Td (Deferred tax liabilities attributable to pass-through entities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 446.17 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 446.17 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 432.17 Td (Deferred gain on convertible debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 432.17 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 432.17 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 418.17 Td (Swap income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 418.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 418.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 404.17 Td (Prepaid expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 404.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 404.17 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 390.17 Td (Other, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 390.17 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 390.17 Td (11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 376.17 Td (Total gross deferred tax liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 376.17 Td (859) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 376.17 Td (829) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 362.17 Td (Net deferred tax liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.50 361.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 361.27 Td (617) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.50 361.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 361.27 Td (594) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 339.10 Td (Cumulative ) Tj ET Q q 0 0 0 rg BT 108.77 339.10 Td (undistributed ) Tj ET Q q 0 0 0 rg BT 165.15 339.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 197.64 339.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 235.12 339.10 Td (for ) Tj ET Q q 0 0 0 rg BT 250.39 339.10 Td (which ) Tj ET Q q 0 0 0 rg BT 278.44 339.10 Td (United ) Tj ET Q q 0 0 0 rg BT 309.26 339.10 Td (States ) Tj ET Q q 0 0 0 rg BT 336.76 339.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 360.91 339.10 Td (were ) Tj ET Q q 0 0 0 rg BT 383.95 339.10 Td (not ) Tj ET Q q 0 0 0 rg BT 400.34 339.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 439.49 339.10 Td (were ) Tj ET Q q 0 0 0 rg BT 462.53 339.10 Td (included ) Tj ET Q q 0 0 0 rg BT 500.57 339.10 Td (in ) Tj ET Q q 0 0 0 rg BT 511.96 339.10 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 327.10 Td (retained ) Tj ET Q q 0 0 0 rg BT 83.86 327.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 119.89 327.10 Td (in ) Tj ET Q q 0 0 0 rg BT 129.82 327.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.19 327.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 176.34 327.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.83 327.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.74 327.10 Td ($257 ) Tj ET Q q 0 0 0 rg BT 268.90 327.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.79 327.10 Td ( ) Tj ET Q q 0 0 0 rg BT 299.94 327.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.54 327.10 Td ($264 ) Tj ET Q q 0 0 0 rg BT 338.69 327.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.58 327.10 Td ( ) Tj ET Q q 0 0 0 rg BT 369.74 327.10 Td (as ) Tj ET Q q 0 0 0 rg BT 380.22 327.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.71 327.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 448.95 327.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 471.10 327.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.69 327.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.69 327.10 Td (, ) Tj ET Q q 0 0 0 rg BT 512.35 327.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 560.01 327.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 315.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 71.44 315.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 107.26 315.10 Td (are ) Tj ET Q q 0 0 0 rg BT 121.40 315.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 166.65 315.10 Td (permanently ) Tj ET Q q 0 0 0 rg BT 218.56 315.10 Td (invested, ) Tj ET Q q 0 0 0 rg BT 256.33 315.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 294.34 315.10 Td (no ) Tj ET Q q 0 0 0 rg BT 306.28 315.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 345.99 315.10 Td (for ) Tj ET Q q 0 0 0 rg BT 359.59 315.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 379.31 315.10 Td (income ) Tj ET Q q 0 0 0 rg BT 410.67 315.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 433.16 315.10 Td (has ) Tj ET Q q 0 0 0 rg BT 448.42 315.10 Td (been ) Tj ET Q q 0 0 0 rg BT 469.23 315.10 Td (accrued. ) Tj ET Q q 0 0 0 rg BT 504.75 315.10 Td (Determination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 303.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 303.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 303.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 131.41 303.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 167.21 303.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 181.93 303.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 215.54 303.10 Td (for ) Tj ET Q q 0 0 0 rg BT 229.70 303.10 Td (these ) Tj ET Q q 0 0 0 rg BT 252.75 303.10 Td (undistributed ) Tj ET Q q 0 0 0 rg BT 308.02 303.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 339.40 303.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 375.77 303.10 Td (is ) Tj ET Q q 0 0 0 rg BT 384.94 303.10 Td (not ) Tj ET Q q 0 0 0 rg BT 400.22 303.10 Td (practicable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 285.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 95.89 285.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 109.96 285.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 135.16 285.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 167.56 285.10 Td (to ) Tj ET Q q 0 0 0 rg BT 177.20 285.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 217.93 285.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 240.90 285.10 Td (based ) Tj ET Q q 0 0 0 rg BT 265.53 285.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 322.93 285.10 Td (deductions ) Tj ET Q q 0 0 0 rg BT 368.11 285.10 Td (were ) Tj ET Q q 0 0 0 rg BT 389.40 285.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 422.91 285.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.55 285.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 459.94 285.10 Td (exercises ) Tj ET Q q 0 0 0 rg BT 498.45 285.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.64 285.10 Td (non-qualified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 273.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.27 273.10 Td (option ) Tj ET Q q 0 0 0 rg BT 101.48 273.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 128.58 273.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.68 273.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 177.22 273.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.21 273.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 228.07 273.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 254.34 273.10 Td (Some ) Tj ET Q q 0 0 0 rg BT 279.78 273.10 Td (exercises ) Tj ET Q q 0 0 0 rg BT 319.08 273.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.07 273.10 Td (non-qualified ) Tj ET Q q 0 0 0 rg BT 386.60 273.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 410.37 273.10 Td (option ) Tj ET Q q 0 0 0 rg BT 438.58 273.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 465.68 273.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.78 273.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 514.32 273.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.31 273.10 Td (restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 261.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.97 261.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 108.98 261.10 Td (in ) Tj ET Q q 0 0 0 rg BT 120.12 261.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 135.69 261.10 Td (deductions ) Tj ET Q q 0 0 0 rg BT 182.38 261.10 Td (in ) Tj ET Q q 0 0 0 rg BT 193.51 261.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 222.97 261.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.66 261.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 280.23 261.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 318.57 261.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 353.58 261.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 391.93 261.10 Td (in ) Tj ET Q q 0 0 0 rg BT 403.07 261.10 Td (a ) Tj ET Q q 0 0 0 rg BT 410.87 261.10 Td ("windfall". ) Tj ET Q q 0 0 0 rg BT 457.47 261.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 498.61 261.10 Td (these ) Tj ET Q q 0 0 0 rg BT 522.52 261.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 249.10 Td (deductions ) Tj ET Q q 0 0 0 rg BT 96.07 249.10 Td (were ) Tj ET Q q 0 0 0 rg BT 118.75 249.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 155.32 249.10 Td (on ) Tj ET Q q 0 0 0 rg BT 168.57 249.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.03 249.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 225.04 249.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 240.50 249.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 271.52 249.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.21 249.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 330.21 249.10 Td (NOLs, ) Tj ET Q q 0 0 0 rg BT 360.41 249.10 Td (these ) Tj ET Q q 0 0 0 rg BT 384.20 249.10 Td (related ) Tj ET Q q 0 0 0 rg BT 414.65 249.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 430.12 249.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 465.02 249.10 Td (were ) Tj ET Q q 0 0 0 rg BT 487.70 249.10 Td (not ) Tj ET Q q 0 0 0 rg BT 503.73 249.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 550.84 249.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 237.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.74 237.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 127.65 237.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 168.73 237.10 Td (These ) Tj ET Q q 0 0 0 rg BT 195.87 237.10 Td (windfalls ) Tj ET Q q 0 0 0 rg BT 236.34 237.10 Td (will ) Tj ET Q q 0 0 0 rg BT 255.16 237.10 Td (not ) Tj ET Q q 0 0 0 rg BT 271.20 237.10 Td (be ) Tj ET Q q 0 0 0 rg BT 283.89 237.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 331.02 237.10 Td (until ) Tj ET Q q 0 0 0 rg BT 352.61 237.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.09 237.10 Td (related ) Tj ET Q q 0 0 0 rg BT 398.55 237.10 Td (deductions ) Tj ET Q q 0 0 0 rg BT 445.13 237.10 Td (result ) Tj ET Q q 0 0 0 rg BT 470.61 237.10 Td (in ) Tj ET Q q 0 0 0 rg BT 481.65 237.10 Td (a ) Tj ET Q q 0 0 0 rg BT 489.34 237.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 530.37 237.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.96 237.10 Td (taxes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 225.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 83.48 225.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.80 225.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 121.45 225.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 136.55 225.10 Td (payments. ) Tj ET Q q 0 0 0 rg BT 179.62 225.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 228.95 225.10 Td (, ) Tj ET Q q 0 0 0 rg BT 234.34 225.10 Td (since ) Tj ET Q q 0 0 0 rg BT 257.77 225.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.86 225.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 287.96 225.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 318.61 225.10 Td (does ) Tj ET Q q 0 0 0 rg BT 339.82 225.10 Td (not ) Tj ET Q q 0 0 0 rg BT 355.48 225.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 385.01 225.10 Td (our ) Tj ET Q q 0 0 0 rg BT 401.22 225.10 Td (current ) Tj ET Q q 0 0 0 rg BT 432.42 225.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 455.85 225.10 Td (payable, ) Tj ET Q q 0 0 0 rg BT 492.33 225.10 Td (these ) Tj ET Q q 0 0 0 rg BT 515.76 225.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 530.85 225.10 Td (benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 213.10 Td (were ) Tj ET Q q 0 0 0 rg BT 70.75 213.10 Td (not ) Tj ET Q q 0 0 0 rg BT 85.35 213.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 122.14 213.10 Td (in ) Tj ET Q q 0 0 0 rg BT 131.74 213.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 166.86 213.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 180.90 213.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 206.05 213.10 Td (for ) Tj ET Q q 0 0 0 rg BT 219.53 213.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 256.33 213.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 294.81 213.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 332.18 213.10 Td (as ) Tj ET Q q 0 0 0 rg BT 342.33 213.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.48 213.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 410.38 213.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 432.21 213.10 Td (and ) Tj ET Q q 0 0 0 rg BT 448.46 213.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.46 213.10 Td (. ) Tj ET Q q 0 0 0 rg BT 472.78 213.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 494.60 213.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 528.08 213.10 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 201.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 201.10 Td (NOLs ) Tj ET Q q 0 0 0 rg BT 86.72 201.10 Td (but ) Tj ET Q q 0 0 0 rg BT 102.00 201.10 Td (not ) Tj ET Q q 0 0 0 rg BT 117.28 201.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 154.75 201.10 Td (in ) Tj ET Q q 0 0 0 rg BT 165.03 201.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 200.83 201.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 215.55 201.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 241.38 201.10 Td (were ) Tj ET Q q 0 0 0 rg BT 263.31 201.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.57 201.10 Td ($26 ) Tj ET Q q 0 0 0 rg BT 341.07 201.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.9333333333333333 0.15294117647058825 0.1411764705882353 rg BT 369.96 201.10 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 372.46 201.10 Td (as ) Tj ET Q q 0 0 0 rg BT 383.29 201.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.12 201.10 Td (both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.40 201.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 472.98 201.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 495.48 201.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.42 201.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.42 201.10 Td (.) Tj ET Q endstream endobj 205 0 obj <>] /Rotate 0 /Contents 206 0 R>> endobj 206 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (102) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 726.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.50 726.10 Td (A) Tj ET Q q 0 0 0 rg BT 67.17 726.10 Td ( reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows \(in millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 715.60 421.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 715.60 91.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 687.60 421.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 687.60 91.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 659.60 421.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 659.60 91.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 631.60 421.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 631.60 91.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 603.60 421.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 603.60 91.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 575.60 421.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 575.60 91.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 547.60 421.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 547.60 91.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 517.60 421.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 517.60 91.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 484.60 421.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 484.60 91.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 645.6 m 562 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 575.6 m 562 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 484.6 m 562 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 469.6 m 562 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 467.6 m 562 467.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 706.17 Td (Balance at December31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.50 706.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 706.17 Td (128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 692.17 Td (Additions based on tax positions related to the current year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 692.17 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 678.17 Td (Additions for tax positions of prior years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 678.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 664.17 Td (Reductions for lapse in applicable statute of limitations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 664.22 Td (\(3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 664.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 650.17 Td (Reductions for tax positions of prior years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 650.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 636.17 Td (Balance at December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 636.17 Td (133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 622.17 Td (Additions based on tax positions related to the current year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 622.17 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 608.17 Td (Additions for tax positions of prior years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 608.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 594.17 Td (Reductions for lapse in applicable statute of limitations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 594.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 580.17 Td (Reductions for tax positions of prior years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 580.22 Td (\(109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 580.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 566.17 Td (Balance at December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 566.17 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 552.17 Td (Additions based on tax positions related to the current year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 552.17 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 538.17 Td (Additions for tax positions of prior years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 538.17 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 524.17 Td (Reductions for lapse in applicable statute of limitations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 522.32 Td (\(3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 522.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 508.17 Td (Reductions for tax positions of prior years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 505.32 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 505.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 491.17 Td (Payment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 489.32 Td (\(6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 489.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 475.17 Td (Balance at December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.50 473.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 473.27 Td (43) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 451.10 Td (The ) Tj ET Q q 0 0 0 rg BT 79.18 451.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 118.52 451.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 132.87 451.10 Td (positions, ) Tj ET Q q 0 0 0 rg BT 173.63 451.10 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 213.53 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.00 451.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 255.56 451.10 Td (and ) Tj ET Q q 0 0 0 rg BT 272.14 451.10 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 312.32 451.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.88 451.10 Td ($43 ) Tj ET Q q 0 0 0 rg BT 351.02 451.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.91 451.10 Td ( ) Tj ET Q q 0 0 0 rg BT 382.05 451.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.62 451.10 Td ($36 ) Tj ET Q q 0 0 0 rg BT 415.76 451.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 451.10 Td ( ) Tj ET Q q 0 0 0 rg BT 446.79 451.10 Td (as ) Tj ET Q q 0 0 0 rg BT 457.25 451.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.72 451.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 525.94 451.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 548.07 451.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 439.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 439.10 Td (, ) Tj ET Q q 0 0 0 rg BT 74.50 439.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 122.16 439.10 Td (, ) Tj ET Q q 0 0 0 rg BT 127.16 439.10 Td (which ) Tj ET Q q 0 0 0 rg BT 154.10 439.10 Td (also ) Tj ET Q q 0 0 0 rg BT 172.71 439.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 211.85 439.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 249.34 439.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 264.06 439.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 298.22 439.10 Td (that ) Tj ET Q q 0 0 0 rg BT 315.71 439.10 Td (if ) Tj ET Q q 0 0 0 rg BT 324.32 439.10 Td (recognized, ) Tj ET Q q 0 0 0 rg BT 373.18 439.10 Td (would ) Tj ET Q q 0 0 0 rg BT 400.68 439.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 430.39 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.11 439.10 Td (ef) Tj ET Q q 0 0 0 rg BT 452.70 439.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 482.40 439.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 497.12 439.10 Td (rate. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 421.10 Td (W) Tj ET Q q 0 0 0 rg BT 70.14 421.10 Td (e ) Tj ET Q q 0 0 0 rg BT 76.35 421.10 Td (record ) Tj ET Q q 0 0 0 rg BT 103.66 421.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 134.86 421.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 167.72 421.10 Td (on ) Tj ET Q q 0 0 0 rg BT 179.49 421.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 218.48 421.10 Td (for ) Tj ET Q q 0 0 0 rg BT 231.91 421.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 270.88 421.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 284.87 421.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 322.76 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.97 421.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 376.28 421.10 Td (as ) Tj ET Q q 0 0 0 rg BT 386.38 421.10 Td (part ) Tj ET Q q 0 0 0 rg BT 403.70 421.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.80 421.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.79 421.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 441.78 421.10 Td (provision. ) Tj ET Q q 0 0 0 rg BT 483.44 421.10 Td (As ) Tj ET Q q 0 0 0 rg BT 496.32 421.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.43 421.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 409.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 72.23 409.10 Td (and ) Tj ET Q q 0 0 0 rg BT 89.39 409.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.39 409.10 Td (, ) Tj ET Q q 0 0 0 rg BT 114.62 409.10 Td (we ) Tj ET Q q 0 0 0 rg BT 129.00 409.10 Td (had ) Tj ET Q q 0 0 0 rg BT 146.17 409.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 179.98 409.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 212.14 409.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.30 409.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 267.57 409.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 311.39 409.10 Td (with ) Tj ET Q q 0 0 0 rg BT 331.89 409.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 371.84 409.10 Td (for ) Tj ET Q q 0 0 0 rg BT 386.22 409.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 426.15 409.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 441.09 409.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 479.94 409.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.99 409.10 Td ($3 ) Tj ET Q q 0 0 0 rg BT 503.72 409.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.61 409.10 Td ( ) Tj ET Q q 0 0 0 rg BT 535.34 409.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.50 409.10 Td ($1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 397.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 397.10 Td (, ) Tj ET Q q 0 0 0 rg BT 83.39 397.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 131.05 397.10 Td (. ) Tj ET Q q 0 0 0 rg BT 135.87 397.10 Td (W) Tj ET Q q 0 0 0 rg BT 144.51 397.10 Td (e ) Tj ET Q q 0 0 0 rg BT 151.45 397.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 188.38 397.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.66 397.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 226.69 397.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 258.63 397.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 292.21 397.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.15 397.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 347.19 397.10 Td (on ) Tj ET Q q 0 0 0 rg BT 359.69 397.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 399.39 397.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 414.11 397.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 452.73 397.10 Td (as ) Tj ET Q q 0 0 0 rg BT 463.56 397.10 Td (part ) Tj ET Q q 0 0 0 rg BT 481.60 397.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.43 397.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.15 397.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 521.87 397.10 Td (provision.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 379.10 Td (Audits ) Tj ET Q q 0 0 0 rg BT 87.32 379.10 Td (for ) Tj ET Q q 0 0 0 rg BT 101.13 379.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 131.04 379.10 Td (income ) Tj ET Q q 0 0 0 rg BT 162.62 379.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 176.99 379.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 206.91 379.10 Td (are ) Tj ET Q q 0 0 0 rg BT 221.27 379.10 Td (closed ) Tj ET Q q 0 0 0 rg BT 248.96 379.10 Td (for ) Tj ET Q q 0 0 0 rg BT 262.77 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.14 379.10 Td (years ) Tj ET Q q 0 0 0 rg BT 300.39 379.10 Td (through ) Tj ET Q q 0 0 0 rg BT 333.65 379.10 Td (2009. ) Tj ET Q q 0 0 0 rg BT 358.30 379.10 Td (However) Tj ET Q q 0 0 0 rg BT 394.55 379.10 Td (, ) Tj ET Q q 0 0 0 rg BT 399.20 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.57 379.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 446.82 379.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 483.95 379.10 Td (Service ) Tj ET Q q 0 0 0 rg BT 516.09 379.10 Td (\("IRS"\) ) Tj ET Q q 0 0 0 rg BT 548.62 379.10 Td (can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 367.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 72.00 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 86.71 367.10 Td (NOL's ) Tj ET Q q 0 0 0 rg BT 115.46 367.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 156.82 367.10 Td (during ) Tj ET Q q 0 0 0 rg BT 185.43 367.10 Td (those ) Tj ET Q q 0 0 0 rg BT 209.04 367.10 Td (years ) Tj ET Q q 0 0 0 rg BT 232.63 367.10 Td (in ) Tj ET Q q 0 0 0 rg BT 242.91 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.63 367.10 Td (years ) Tj ET Q q 0 0 0 rg BT 281.23 367.10 Td (that ) Tj ET Q q 0 0 0 rg BT 298.72 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.44 367.10 Td (NOL's ) Tj ET Q q 0 0 0 rg BT 342.19 367.10 Td (are ) Tj ET Q q 0 0 0 rg BT 356.89 367.10 Td (utilized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 349.10 Td ( ) Tj ET Q q 0 0 0 rg BT 60.93 349.10 Td (State ) Tj ET Q q 0 0 0 rg BT 83.35 349.10 Td (income ) Tj ET Q q 0 0 0 rg BT 115.22 349.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 129.86 349.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 160.06 349.10 Td (are ) Tj ET Q q 0 0 0 rg BT 174.70 349.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 214.33 349.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 245.08 349.10 Td (to ) Tj ET Q q 0 0 0 rg BT 255.29 349.10 Td (examination ) Tj ET Q q 0 0 0 rg BT 307.15 349.10 Td (for ) Tj ET Q q 0 0 0 rg BT 321.24 349.10 Td (a ) Tj ET Q q 0 0 0 rg BT 328.10 349.10 Td (period ) Tj ET Q q 0 0 0 rg BT 356.08 349.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.84 349.10 Td (three ) Tj ET Q q 0 0 0 rg BT 389.25 349.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.46 349.10 Td (six ) Tj ET Q q 0 0 0 rg BT 413.56 349.10 Td (years ) Tj ET Q q 0 0 0 rg BT 437.09 349.10 Td (after ) Tj ET Q q 0 0 0 rg BT 457.83 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.48 349.10 Td (filing ) Tj ET Q q 0 0 0 rg BT 496.57 349.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.33 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.98 349.10 Td (respective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.00 337.10 Td (return. ) Tj ET Q q 0 0 0 rg BT 92.50 337.10 Td (The ) Tj ET Q q 0 0 0 rg BT 110.33 337.10 Td (state ) Tj ET Q q 0 0 0 rg BT 130.94 337.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 160.43 337.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.05 337.10 Td (any ) Tj ET Q q 0 0 0 rg BT 187.77 337.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 217.81 337.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 252.30 337.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 286.24 337.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 316.85 337.10 Td (to ) Tj ET Q q 0 0 0 rg BT 326.91 337.10 Td (examination ) Tj ET Q q 0 0 0 rg BT 378.62 337.10 Td (by ) Tj ET Q q 0 0 0 rg BT 390.91 337.10 Td (various ) Tj ET Q q 0 0 0 rg BT 422.63 337.10 Td (states ) Tj ET Q q 0 0 0 rg BT 447.13 337.10 Td (for ) Tj ET Q q 0 0 0 rg BT 461.08 337.10 Td (a ) Tj ET Q q 0 0 0 rg BT 467.80 337.10 Td (period ) Tj ET Q q 0 0 0 rg BT 495.63 337.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.24 337.10 Td (up ) Tj ET Q q 0 0 0 rg BT 518.53 337.10 Td (to ) Tj ET Q q 0 0 0 rg BT 528.59 337.10 Td (one ) Tj ET Q q 0 0 0 rg BT 545.31 337.10 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 325.10 Td (after ) Tj ET Q q 0 0 0 rg BT 69.44 325.10 Td (formal ) Tj ET Q q 0 0 0 rg BT 97.71 325.10 Td (notification ) Tj ET Q q 0 0 0 rg BT 145.43 325.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.83 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.67 325.10 Td (states. ) Tj ET Q q 0 0 0 rg BT 194.88 325.10 Td (W) Tj ET Q q 0 0 0 rg BT 203.52 325.10 Td (e ) Tj ET Q q 0 0 0 rg BT 209.58 325.10 Td (have ) Tj ET Q q 0 0 0 rg BT 230.08 325.10 Td (various ) Tj ET Q q 0 0 0 rg BT 261.14 325.10 Td (state ) Tj ET Q q 0 0 0 rg BT 281.08 325.10 Td (income ) Tj ET Q q 0 0 0 rg BT 312.14 325.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 325.97 325.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 355.36 325.10 Td (in ) Tj ET Q q 0 0 0 rg BT 364.76 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.60 325.10 Td (process ) Tj ET Q q 0 0 0 rg BT 410.21 325.10 Td (of ) Tj ET Q q 0 0 0 rg BT 420.16 325.10 Td (examination, ) Tj ET Q q 0 0 0 rg BT 473.71 325.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 532.53 325.10 Td (appeals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 313.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.33 313.10 Td (litigation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 295.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 78.08 295.10 Td (NOLs ) Tj ET Q q 0 0 0 rg BT 106.55 295.10 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 168.89 295.10 Td (arose ) Tj ET Q q 0 0 0 rg BT 194.02 295.10 Td (from ) Tj ET Q q 0 0 0 rg BT 217.48 295.10 Td (our ) Tj ET Q q 0 0 0 rg BT 234.84 295.10 Td (predecessor ) Tj ET Q q 0 0 0 rg BT 286.06 295.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 328.40 295.10 Td (entities, ) Tj ET Q q 0 0 0 rg BT 363.81 295.10 Td (formerly ) Tj ET Q q 0 0 0 rg BT 402.82 295.10 Td (named ) Tj ET Q q 0 0 0 rg BT 433.50 295.10 Td (Mission ) Tj ET Q q 0 0 0 rg BT 469.76 295.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 512.65 295.10 Td (Group, ) Tj ET Q q 0 0 0 rg BT 544.73 295.10 Td (Inc., ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 283.10 Td (\(Mission\). ) Tj ET Q q 0 0 0 rg BT 101.87 283.10 Td (These ) Tj ET Q q 0 0 0 rg BT 128.02 283.10 Td (Mission ) Tj ET Q q 0 0 0 rg BT 162.52 283.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 203.11 283.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 234.26 283.10 Td (have ) Tj ET Q q 0 0 0 rg BT 255.40 283.10 Td (been ) Tj ET Q q 0 0 0 rg BT 276.55 283.10 Td (in ) Tj ET Q q 0 0 0 rg BT 286.60 283.10 Td (state ) Tj ET Q q 0 0 0 rg BT 307.19 283.10 Td (insolvency ) Tj ET Q q 0 0 0 rg BT 352.79 283.10 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 403.37 283.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.42 283.10 Td (California ) Tj ET Q q 0 0 0 rg BT 456.23 283.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.94 283.10 Td (Missouri ) Tj ET Q q 0 0 0 rg BT 510.77 283.10 Td (since ) Tj ET Q q 0 0 0 rg BT 533.59 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.07 283.10 Td (late ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 271.10 Td (1980's. ) Tj ET Q q 0 0 0 rg BT 80.01 271.10 Td (The ) Tj ET Q q 0 0 0 rg BT 98.05 271.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 130.54 271.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.37 271.10 Td (NOLs ) Tj ET Q q 0 0 0 rg BT 168.30 271.10 Td (available ) Tj ET Q q 0 0 0 rg BT 206.89 271.10 Td (to ) Tj ET Q q 0 0 0 rg BT 217.16 271.10 Td (us ) Tj ET Q q 0 0 0 rg BT 228.55 271.10 Td (will ) Tj ET Q q 0 0 0 rg BT 246.60 271.10 Td (be ) Tj ET Q q 0 0 0 rg BT 258.53 271.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 292.67 271.10 Td (by ) Tj ET Q q 0 0 0 rg BT 305.17 271.10 Td (any ) Tj ET Q q 0 0 0 rg BT 322.10 271.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 353.47 271.10 Td (income ) Tj ET Q q 0 0 0 rg BT 385.40 271.10 Td (or ) Tj ET Q q 0 0 0 rg BT 396.22 271.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 436.47 271.10 Td (by ) Tj ET Q q 0 0 0 rg BT 448.97 271.10 Td (any ) Tj ET Q q 0 0 0 rg BT 465.90 271.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 497.27 271.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 523.66 271.10 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 259.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.00 259.10 Td (current ) Tj ET Q q 0 0 0 rg BT 92.82 259.10 Td (members ) Tj ET Q q 0 0 0 rg BT 131.97 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.80 259.10 Td (our ) Tj ET Q q 0 0 0 rg BT 158.63 259.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 211.67 259.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 226.39 259.10 Td (group, ) Tj ET Q q 0 0 0 rg BT 254.72 259.10 Td (which ) Tj ET Q q 0 0 0 rg BT 281.66 259.10 Td (include ) Tj ET Q q 0 0 0 rg BT 313.59 259.10 Td (grantor ) Tj ET Q q 0 0 0 rg BT 344.97 259.10 Td (trusts ) Tj ET Q q 0 0 0 rg BT 369.14 259.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 412.73 259.10 Td (with ) Tj ET Q q 0 0 0 rg BT 433.01 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.73 259.10 Td (Mission ) Tj ET Q q 0 0 0 rg BT 482.46 259.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 523.27 259.10 Td (entities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 241.10 Td (While ) Tj ET Q q 0 0 0 rg BT 85.84 241.10 Td (we ) Tj ET Q q 0 0 0 rg BT 100.40 241.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 129.95 241.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 160.62 241.10 Td (what ) Tj ET Q q 0 0 0 rg BT 182.96 241.10 Td (amounts, ) Tj ET Q q 0 0 0 rg BT 222.25 241.10 Td (if ) Tj ET Q q 0 0 0 rg BT 231.26 241.10 Td (any) Tj ET Q q 0 0 0 rg BT 245.05 241.10 Td (, ) Tj ET Q q 0 0 0 rg BT 250.45 241.10 Td (may ) Tj ET Q q 0 0 0 rg BT 270.57 241.10 Td (be ) Tj ET Q q 0 0 0 rg BT 282.91 241.10 Td (includable ) Tj ET Q q 0 0 0 rg BT 327.46 241.10 Td (in ) Tj ET Q q 0 0 0 rg BT 338.14 241.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 369.92 241.10 Td (income ) Tj ET Q q 0 0 0 rg BT 402.25 241.10 Td (as ) Tj ET Q q 0 0 0 rg BT 413.48 241.10 Td (a ) Tj ET Q q 0 0 0 rg BT 420.82 241.10 Td (result ) Tj ET Q q 0 0 0 rg BT 445.94 241.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.17 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.29 241.10 Td (final ) Tj ET Q q 0 0 0 rg BT 493.52 241.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 554.19 241.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 229.10 Td (these ) Tj ET Q q 0 0 0 rg BT 72.11 229.10 Td (grantor ) Tj ET Q q 0 0 0 rg BT 103.05 229.10 Td (trusts, ) Tj ET Q q 0 0 0 rg BT 129.29 229.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 174.13 229.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 204.52 229.10 Td (toward ) Tj ET Q q 0 0 0 rg BT 234.35 229.10 Td (such ) Tj ET Q q 0 0 0 rg BT 254.75 229.10 Td (final ) Tj ET Q q 0 0 0 rg BT 275.14 229.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 334.97 229.10 Td (have ) Tj ET Q q 0 0 0 rg BT 355.92 229.10 Td (been ) Tj ET Q q 0 0 0 rg BT 376.86 229.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 400.58 229.10 Td (and ) Tj ET Q q 0 0 0 rg BT 417.08 229.10 Td (we ) Tj ET Q q 0 0 0 rg BT 430.81 229.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 461.75 229.10 Td (that ) Tj ET Q q 0 0 0 rg BT 478.81 229.10 Td (neither ) Tj ET Q q 0 0 0 rg BT 508.64 229.10 Td (arrangements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 217.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.69 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 86.32 217.10 Td (California ) Tj ET Q q 0 0 0 rg BT 130.28 217.10 Td (Commissioner ) Tj ET Q q 0 0 0 rg BT 192.03 217.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.77 217.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 246.06 217.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 262.80 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.43 217.10 Td (final ) Tj ET Q q 0 0 0 rg BT 300.17 217.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 361.36 217.10 Td (by ) Tj ET Q q 0 0 0 rg BT 374.77 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.40 217.10 Td (Missouri ) Tj ET Q q 0 0 0 rg BT 429.38 217.10 Td (Director ) Tj ET Q q 0 0 0 rg BT 466.11 217.10 Td (will ) Tj ET Q q 0 0 0 rg BT 485.08 217.10 Td (result ) Tj ET Q q 0 0 0 rg BT 510.71 217.10 Td (in ) Tj ET Q q 0 0 0 rg BT 521.90 217.10 Td (a ) Tj ET Q q 0 0 0 rg BT 529.76 217.10 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 205.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 89.76 205.10 Td (in ) Tj ET Q q 0 0 0 rg BT 100.04 205.10 Td (available ) Tj ET Q q 0 0 0 rg BT 138.63 205.10 Td (NOLs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 169.10 Td (NOTE16.EMPLOYEE BENEFIT) Tj ET Q q 0 0 0 rg BT 198.79 169.10 Td ( PLANS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 151.10 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 151.10 Td (e ) Tj ET Q q 0 0 0 rg BT 74.12 151.10 Td (sponsor ) Tj ET Q q 0 0 0 rg BT 107.77 151.10 Td (various ) Tj ET Q q 0 0 0 rg BT 139.75 151.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 183.37 151.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 207.02 151.10 Td (covering ) Tj ET Q q 0 0 0 rg BT 244.54 151.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.30 151.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 295.72 151.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.59 151.10 Td (our ) Tj ET Q q 0 0 0 rg BT 322.46 151.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 367.76 151.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.74 151.10 Td (retirees ) Tj ET Q q 0 0 0 rg BT 416.70 151.10 Td (in ) Tj ET Q q 0 0 0 rg BT 427.02 151.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.78 151.10 Td (United ) Tj ET Q q 0 0 0 rg BT 471.53 151.10 Td (States, ) Tj ET Q q 0 0 0 rg BT 500.46 151.10 Td (as ) Tj ET Q q 0 0 0 rg BT 511.33 151.10 Td (well ) Tj ET Q q 0 0 0 rg BT 531.08 151.10 Td (as ) Tj ET Q q 0 0 0 rg BT 541.95 151.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 139.10 Td (postretirement ) Tj ET Q q 0 0 0 rg BT 109.68 139.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 139.86 139.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 163.39 139.10 Td (for ) Tj ET Q q 0 0 0 rg BT 177.47 139.10 Td (a ) Tj ET Q q 0 0 0 rg BT 184.33 139.10 Td (small ) Tj ET Q q 0 0 0 rg BT 208.41 139.10 Td (number ) Tj ET Q q 0 0 0 rg BT 241.38 139.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.13 139.10 Td (retirees ) Tj ET Q q 0 0 0 rg BT 283.97 139.10 Td (in ) Tj ET Q q 0 0 0 rg BT 294.17 139.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.80 139.10 Td (United ) Tj ET Q q 0 0 0 rg BT 338.44 139.10 Td (States ) Tj ET Q q 0 0 0 rg BT 364.75 139.10 Td (that ) Tj ET Q q 0 0 0 rg BT 382.16 139.10 Td (include ) Tj ET Q q 0 0 0 rg BT 414.01 139.10 Td (healthcare ) Tj ET Q q 0 0 0 rg BT 457.51 139.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 491.59 139.10 Td (and ) Tj ET Q q 0 0 0 rg BT 508.45 139.10 Td (life ) Tj ET Q q 0 0 0 rg BT 524.19 139.10 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 127.10 Td (coverage. ) Tj ET Q q 0 0 0 rg BT 90.10 127.10 Td (Employees ) Tj ET Q q 0 0 0 rg BT 136.54 127.10 Td (in ) Tj ET Q q 0 0 0 rg BT 146.33 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.56 127.10 Td (United ) Tj ET Q q 0 0 0 rg BT 189.79 127.10 Td (States ) Tj ET Q q 0 0 0 rg BT 215.69 127.10 Td (not ) Tj ET Q q 0 0 0 rg BT 230.48 127.10 Td (participating ) Tj ET Q q 0 0 0 rg BT 283.03 127.10 Td (in ) Tj ET Q q 0 0 0 rg BT 292.82 127.10 Td (our ) Tj ET Q q 0 0 0 rg BT 308.16 127.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 351.26 127.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 374.38 127.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 413.59 127.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 457.80 127.10 Td (in ) Tj ET Q q 0 0 0 rg BT 467.59 127.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 510.69 127.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 533.81 127.10 Td (of) Tj ET Q q 0 0 0 rg BT 541.96 127.10 Td (fered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 115.10 Td (by ) Tj ET Q q 0 0 0 rg BT 61.88 115.10 Td (collective ) Tj ET Q q 0 0 0 rg BT 103.13 115.10 Td (bar) Tj ET Q q 0 0 0 rg BT 115.72 115.10 Td (gaining ) Tj ET Q q 0 0 0 rg BT 148.09 115.10 Td (units ) Tj ET Q q 0 0 0 rg BT 169.92 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.63 115.10 Td (which ) Tj ET Q q 0 0 0 rg BT 207.45 115.10 Td (these ) Tj ET Q q 0 0 0 rg BT 230.38 115.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 275.52 115.10 Td (are ) Tj ET Q q 0 0 0 rg BT 290.11 115.10 Td (members. ) Tj ET Q q 0 0 0 rg BT 331.47 115.10 Td (The ) Tj ET Q q 0 0 0 rg BT 349.40 115.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 385.66 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.37 115.10 Td (our ) Tj ET Q q 0 0 0 rg BT 412.08 115.10 Td (international ) Tj ET Q q 0 0 0 rg BT 465.00 115.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 510.14 115.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 554.72 115.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 103.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 81.99 103.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 112.25 103.10 Td (or ) Tj ET Q q 0 0 0 rg BT 123.08 103.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 155.56 103.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 206.95 103.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 250.54 103.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 274.14 103.10 Td (as ) Tj ET Q q 0 0 0 rg BT 284.97 103.10 Td (required ) Tj ET Q q 0 0 0 rg BT 320.79 103.10 Td (or ) Tj ET Q q 0 0 0 rg BT 331.62 103.10 Td (available ) Tj ET Q q 0 0 0 rg BT 370.21 103.10 Td (in ) Tj ET Q q 0 0 0 rg BT 380.49 103.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 427.95 103.10 Td (with ) Tj ET Q q 0 0 0 rg BT 448.23 103.10 Td (local ) Tj ET Q q 0 0 0 rg BT 470.16 103.10 Td (laws.) Tj ET Q endstream endobj 207 0 obj <>] /Rotate 0 /Contents 208 0 R>> endobj 208 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (103) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 726.25 Td (Defined Contribution Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 708.25 Td (Substantially ) Tj ET Q q 0 0 0 rg BT 113.32 708.25 Td (all ) Tj ET Q q 0 0 0 rg BT 125.92 708.25 Td (of ) Tj ET Q q 0 0 0 rg BT 136.85 708.25 Td (our ) Tj ET Q q 0 0 0 rg BT 152.78 708.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 198.14 708.25 Td (in ) Tj ET Q q 0 0 0 rg BT 208.52 708.25 Td (the ) Tj ET Q q 0 0 0 rg BT 223.34 708.25 Td (United ) Tj ET Q q 0 0 0 rg BT 253.15 708.25 Td (States ) Tj ET Q q 0 0 0 rg BT 279.64 708.25 Td (are ) Tj ET Q q 0 0 0 rg BT 294.45 708.25 Td (eligible ) Tj ET Q q 0 0 0 rg BT 327.04 708.25 Td (to ) Tj ET Q q 0 0 0 rg BT 337.42 708.25 Td (participate ) Tj ET Q q 0 0 0 rg BT 382.21 708.25 Td (in ) Tj ET Q q 0 0 0 rg BT 392.59 708.25 Td (the ) Tj ET Q q 0 0 0 rg BT 407.41 708.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 439.99 708.25 Td (contribution ) Tj ET Q q 0 0 0 rg BT 491.48 708.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 515.18 708.25 Td (we ) Tj ET Q q 0 0 0 rg BT 529.44 708.25 Td (sponsor) Tj ET Q q 0 0 0 rg BT 560.01 708.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 696.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.00 696.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 100.94 696.25 Td (contribution ) Tj ET Q q 0 0 0 rg BT 152.78 696.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 176.84 696.25 Td (allow ) Tj ET Q q 0 0 0 rg BT 202.01 696.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 247.73 696.25 Td (to ) Tj ET Q q 0 0 0 rg BT 258.46 696.25 Td (contribute ) Tj ET Q q 0 0 0 rg BT 301.96 696.25 Td (a ) Tj ET Q q 0 0 0 rg BT 309.35 696.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 341.19 696.25 Td (of ) Tj ET Q q 0 0 0 rg BT 352.47 696.25 Td (their ) Tj ET Q q 0 0 0 rg BT 373.75 696.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 432.25 696.25 Td (on ) Tj ET Q q 0 0 0 rg BT 445.20 696.25 Td (a ) Tj ET Q q 0 0 0 rg BT 452.60 696.25 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 483.87 696.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 506.82 696.25 Td (in ) Tj ET Q q 0 0 0 rg BT 517.55 696.25 Td (accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 684.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.60 684.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 110.01 684.25 Td (guidelines. ) Tj ET Q q 0 0 0 rg BT 156.69 684.25 Td (W) Tj ET Q q 0 0 0 rg BT 165.32 684.25 Td (e ) Tj ET Q q 0 0 0 rg BT 173.08 684.25 Td (match ) Tj ET Q q 0 0 0 rg BT 200.83 684.25 Td (a ) Tj ET Q q 0 0 0 rg BT 208.59 684.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 255.20 684.25 Td (of ) Tj ET Q q 0 0 0 rg BT 266.85 684.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 309.04 684.25 Td (contributions ) Tj ET Q q 0 0 0 rg BT 365.13 684.25 Td (up ) Tj ET Q q 0 0 0 rg BT 378.45 684.25 Td (to ) Tj ET Q q 0 0 0 rg BT 389.54 684.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 420.06 684.25 Td (limits. ) Tj ET Q q 0 0 0 rg BT 448.42 684.25 Td (W) Tj ET Q q 0 0 0 rg BT 457.06 684.25 Td (e ) Tj ET Q q 0 0 0 rg BT 464.81 684.25 Td (also ) Tj ET Q q 0 0 0 rg BT 484.24 684.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 518.10 684.25 Td (a ) Tj ET Q q 0 0 0 rg BT 525.86 684.25 Td (company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 672.25 Td (contribution ) Tj ET Q q 0 0 0 rg BT 101.46 672.25 Td (to ) Tj ET Q q 0 0 0 rg BT 112.31 672.25 Td (the ) Tj ET Q q 0 0 0 rg BT 127.61 672.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 160.67 672.25 Td (contribution ) Tj ET Q q 0 0 0 rg BT 212.63 672.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 236.81 672.25 Td (for ) Tj ET Q q 0 0 0 rg BT 251.55 672.25 Td (eligible ) Tj ET Q q 0 0 0 rg BT 284.61 672.25 Td (employees. ) Tj ET Q q 0 0 0 rg BT 332.95 672.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 351.58 672.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 374.66 672.25 Td (related ) Tj ET Q q 0 0 0 rg BT 404.93 672.25 Td (to ) Tj ET Q q 0 0 0 rg BT 415.79 672.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 448.85 672.25 Td (contribution ) Tj ET Q q 0 0 0 rg BT 500.81 672.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 524.99 672.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.50 672.25 Td ($17 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 660.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 660.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.39 660.25 Td ($16 ) Tj ET Q q 0 0 0 rg BT 100.89 660.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.78 660.25 Td ( ) Tj ET Q q 0 0 0 rg BT 132.28 660.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.22 660.25 Td ($16 ) Tj ET Q q 0 0 0 rg BT 166.72 660.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.61 660.25 Td ( ) Tj ET Q q 0 0 0 rg BT 198.11 660.25 Td (for ) Tj ET Q q 0 0 0 rg BT 212.27 660.25 Td (the ) Tj ET Q q 0 0 0 rg BT 226.99 660.25 Td (years ) Tj ET Q q 0 0 0 rg BT 250.59 660.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.97 660.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 335.55 660.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 360.55 660.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 383.05 660.25 Td (and ) Tj ET Q q 0 0 0 rg BT 399.99 660.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.99 660.25 Td (, ) Tj ET Q q 0 0 0 rg BT 424.99 660.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 472.65 660.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 642.25 Td (Pension ) Tj ET Q q 0 0 0 rg BT 85.34 642.25 Td (and ) Tj ET Q q 0 0 0 rg BT 103.96 642.25 Td (Postr) Tj ET Q q 0 0 0 rg BT 126.55 642.25 Td (etir) Tj ET Q q 0 0 0 rg BT 141.36 642.25 Td (ement ) Tj ET Q q 0 0 0 rg BT 169.95 642.25 Td (Benefit ) Tj ET Q q 0 0 0 rg BT 203.00 642.25 Td (Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 624.25 Td (In ) Tj ET Q q 0 0 0 rg BT 68.97 624.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 93.60 624.25 Td (the ) Tj ET Q q 0 0 0 rg BT 107.96 624.25 Td (IRS ) Tj ET Q q 0 0 0 rg BT 125.65 624.25 Td (approved ) Tj ET Q q 0 0 0 rg BT 165.00 624.25 Td (our ) Tj ET Q q 0 0 0 rg BT 180.46 624.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 199.82 624.25 Td (to ) Tj ET Q q 0 0 0 rg BT 209.73 624.25 Td (terminate ) Tj ET Q q 0 0 0 rg BT 249.63 624.25 Td (the ) Tj ET Q q 0 0 0 rg BT 263.98 624.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 301.66 624.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 333.78 624.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 363.68 624.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 396.92 624.25 Td (plan. ) Tj ET Q q 0 0 0 rg BT 418.78 624.25 Td (During ) Tj ET Q q 0 0 0 rg BT 449.24 624.25 Td (2013, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.88 624.25 Td ($35 ) Tj ET Q q 0 0 0 rg BT 491.01 624.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.91 624.25 Td ( ) Tj ET Q q 0 0 0 rg BT 522.04 624.25 Td (of ) Tj ET Q q 0 0 0 rg BT 532.51 624.25 Td (annuity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 612.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 87.37 612.25 Td (were ) Tj ET Q q 0 0 0 rg BT 108.58 612.25 Td (purchased ) Tj ET Q q 0 0 0 rg BT 150.89 612.25 Td (on ) Tj ET Q q 0 0 0 rg BT 162.67 612.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 189.43 612.25 Td (of ) Tj ET Q q 0 0 0 rg BT 199.54 612.25 Td (participants ) Tj ET Q q 0 0 0 rg BT 247.97 612.25 Td (who ) Tj ET Q q 0 0 0 rg BT 266.97 612.25 Td (elected ) Tj ET Q q 0 0 0 rg BT 297.05 612.25 Td (an ) Tj ET Q q 0 0 0 rg BT 308.27 612.25 Td (annuity ) Tj ET Q q 0 0 0 rg BT 340.04 612.25 Td (option ) Tj ET Q q 0 0 0 rg BT 367.38 612.25 Td (and ) Tj ET Q q 0 0 0 rg BT 383.59 612.25 Td (we ) Tj ET Q q 0 0 0 rg BT 397.03 612.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 433.78 612.25 Td (a ) Tj ET Q q 0 0 0 rg BT 440.00 612.25 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 470.09 612.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 501.85 612.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 531.39 612.25 Td (pension ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 600.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 69.51 600.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 113.41 600.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 133.43 600.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.55 600.25 Td ($6 ) Tj ET Q q 0 0 0 rg BT 157.35 600.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.24 600.25 Td (, ) Tj ET Q q 0 0 0 rg BT 191.54 600.25 Td (which ) Tj ET Q q 0 0 0 rg BT 218.78 600.25 Td (was ) Tj ET Q q 0 0 0 rg BT 237.13 600.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 274.90 600.25 Td (as ) Tj ET Q q 0 0 0 rg BT 286.03 600.25 Td (other ) Tj ET Q q 0 0 0 rg BT 309.37 600.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 349.93 600.25 Td (income ) Tj ET Q q 0 0 0 rg BT 382.17 600.25 Td (in ) Tj ET Q q 0 0 0 rg BT 392.74 600.25 Td (our ) Tj ET Q q 0 0 0 rg BT 408.87 600.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 462.21 600.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 507.22 600.25 Td (of ) Tj ET Q q 0 0 0 rg BT 518.35 600.25 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 588.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 71.91 588.25 Td (annuity ) Tj ET Q q 0 0 0 rg BT 104.32 588.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 142.27 588.25 Td (concluded ) Tj ET Q q 0 0 0 rg BT 185.78 588.25 Td (the ) Tj ET Q q 0 0 0 rg BT 200.41 588.25 Td (termination ) Tj ET Q q 0 0 0 rg BT 248.92 588.25 Td (of ) Tj ET Q q 0 0 0 rg BT 259.67 588.25 Td (the ) Tj ET Q q 0 0 0 rg BT 274.30 588.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 306.70 588.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 336.87 588.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 370.40 588.25 Td (plan, ) Tj ET Q q 0 0 0 rg BT 392.53 588.25 Td (accordingly) Tj ET Q q 0 0 0 rg BT 439.08 588.25 Td (, ) Tj ET Q q 0 0 0 rg BT 443.99 588.25 Td (we ) Tj ET Q q 0 0 0 rg BT 458.07 588.25 Td (have ) Tj ET Q q 0 0 0 rg BT 479.36 588.25 Td (no ) Tj ET Q q 0 0 0 rg BT 491.77 588.25 Td (future ) Tj ET Q q 0 0 0 rg BT 518.06 588.25 Td (obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 576.25 Td (related ) Tj ET Q q 0 0 0 rg BT 79.20 576.25 Td (to ) Tj ET Q q 0 0 0 rg BT 89.48 576.25 Td (the ) Tj ET Q q 0 0 0 rg BT 104.20 576.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 142.24 576.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 174.72 576.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 204.99 576.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 238.60 576.25 Td (plan. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 558.25 Td (The ) Tj ET Q q 0 0 0 rg BT 76.95 558.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 113.73 558.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 131.62 558.25 Td (for ) Tj ET Q q 0 0 0 rg BT 146.18 558.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.30 558.25 Td (non-qualified ) Tj ET Q q 0 0 0 rg BT 218.07 558.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 252.08 558.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 276.09 558.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.54 558.25 Td (4.10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.37 558.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.77 558.25 Td (4.35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.60 558.25 Td ( ) Tj ET Q q 0 0 0 rg BT 354.50 558.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.84 558.25 Td (4.05%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.67 558.25 Td ( ) Tj ET Q q 0 0 0 rg BT 400.57 558.25 Td (for ) Tj ET Q q 0 0 0 rg BT 415.13 558.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.25 558.25 Td (years ) Tj ET Q q 0 0 0 rg BT 454.25 558.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.02 558.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 540.01 558.25 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 72.00 546.25 Td (and ) Tj ET Q q 0 0 0 rg BT 88.94 546.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.94 546.25 Td (, ) Tj ET Q q 0 0 0 rg BT 113.94 546.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 161.60 546.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 528.25 Td (For ) Tj ET Q q 0 0 0 rg BT 75.18 528.25 Td (the ) Tj ET Q q 0 0 0 rg BT 90.19 528.25 Td (other ) Tj ET Q q 0 0 0 rg BT 113.53 528.25 Td (postretirement ) Tj ET Q q 0 0 0 rg BT 174.08 528.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 204.64 528.25 Td (plan, ) Tj ET Q q 0 0 0 rg BT 227.15 528.25 Td (an ) Tj ET Q q 0 0 0 rg BT 239.38 528.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 268.82 528.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 286.60 528.25 Td (of ) Tj ET Q q 0 0 0 rg BT 297.72 528.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 333.27 528.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.39 528.25 Td (7.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.22 528.25 Td ( ) Tj ET Q q 0 0 0 rg BT 368.01 528.25 Td (in ) Tj ET Q q 0 0 0 rg BT 378.58 528.25 Td (the ) Tj ET Q q 0 0 0 rg BT 393.59 528.25 Td (per ) Tj ET Q q 0 0 0 rg BT 409.15 528.25 Td (capita ) Tj ET Q q 0 0 0 rg BT 435.82 528.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 454.72 528.25 Td (of ) Tj ET Q q 0 0 0 rg BT 465.84 528.25 Td (health ) Tj ET Q q 0 0 0 rg BT 493.07 528.25 Td (care ) Tj ET Q q 0 0 0 rg BT 512.50 528.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 546.95 528.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 516.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 86.98 516.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.67 516.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.67 516.25 Td ( ) Tj ET Q q 0 0 0 rg BT 124.71 516.25 Td (for ) Tj ET Q q 0 0 0 rg BT 139.41 516.25 Td (covered ) Tj ET Q q 0 0 0 rg BT 174.09 516.25 Td (employees. ) Tj ET Q q 0 0 0 rg BT 221.72 516.25 Td (An ) Tj ET Q q 0 0 0 rg BT 236.98 516.25 Td (average ) Tj ET Q q 0 0 0 rg BT 271.10 516.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 306.89 516.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.26 516.25 Td (7.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.09 516.25 Td ( ) Tj ET Q q 0 0 0 rg BT 342.13 516.25 Td (was ) Tj ET Q q 0 0 0 rg BT 360.71 516.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 398.19 516.25 Td (for ) Tj ET Q q 0 0 0 rg BT 412.89 516.25 Td (2017. ) Tj ET Q q 0 0 0 rg BT 438.21 516.25 Td (The ) Tj ET Q q 0 0 0 rg BT 456.79 516.25 Td (average ) Tj ET Q q 0 0 0 rg BT 490.91 516.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 526.70 516.25 Td (was ) Tj ET Q q 0 0 0 rg BT 545.29 516.25 Td (then ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 504.25 Td (projected ) Tj ET Q q 0 0 0 rg BT 89.61 504.25 Td (to ) Tj ET Q q 0 0 0 rg BT 100.30 504.25 Td (gradually ) Tj ET Q q 0 0 0 rg BT 140.98 504.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 172.76 504.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.45 504.25 Td (5.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.28 504.25 Td ( ) Tj ET Q q 0 0 0 rg BT 207.19 504.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.88 504.25 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.88 504.25 Td ( ) Tj ET Q q 0 0 0 rg BT 240.80 504.25 Td (and ) Tj ET Q q 0 0 0 rg BT 258.15 504.25 Td (remain ) Tj ET Q q 0 0 0 rg BT 288.82 504.25 Td (at ) Tj ET Q q 0 0 0 rg BT 298.95 504.25 Td (that ) Tj ET Q q 0 0 0 rg BT 316.86 504.25 Td (level. ) Tj ET Q q 0 0 0 rg BT 341.70 504.25 Td (In ) Tj ET Q q 0 0 0 rg BT 352.94 504.25 Td (general, ) Tj ET Q q 0 0 0 rg BT 387.78 504.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 425.13 504.25 Td (health ) Tj ET Q q 0 0 0 rg BT 452.47 504.25 Td (care ) Tj ET Q q 0 0 0 rg BT 472.03 504.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 491.05 504.25 Td (trend ) Tj ET Q q 0 0 0 rg BT 514.51 504.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 536.30 504.25 Td (have ) Tj ET Q q 0 0 0 rg BT 558.09 504.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 492.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 94.10 492.25 Td (ef) Tj ET Q q 0 0 0 rg BT 101.69 492.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 119.06 492.25 Td (on ) Tj ET Q q 0 0 0 rg BT 131.45 492.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.05 492.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 182.32 492.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 218.02 492.25 Td (for ) Tj ET Q q 0 0 0 rg BT 232.07 492.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.67 492.25 Td (health ) Tj ET Q q 0 0 0 rg BT 273.50 492.25 Td (care ) Tj ET Q q 0 0 0 rg BT 292.53 492.25 Td (plan. ) Tj ET Q q 0 0 0 rg BT 314.10 492.25 Td (A) Tj ET Q q 0 0 0 rg BT 320.77 492.25 Td ( ) Tj ET Q q 0 0 0 rg BT 323.16 492.25 Td (one-percentage ) Tj ET Q q 0 0 0 rg BT 386.62 492.25 Td (point ) Tj ET Q q 0 0 0 rg BT 409.56 492.25 Td (change ) Tj ET Q q 0 0 0 rg BT 440.26 492.25 Td (\(either ) Tj ET Q q 0 0 0 rg BT 468.74 492.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 503.88 492.25 Td (or ) Tj ET Q q 0 0 0 rg BT 514.60 492.25 Td (decrease\) ) Tj ET Q q 0 0 0 rg BT 554.73 492.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 480.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.66 480.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 100.05 480.25 Td (health ) Tj ET Q q 0 0 0 rg BT 126.43 480.25 Td (care ) Tj ET Q q 0 0 0 rg BT 145.02 480.25 Td (trend ) Tj ET Q q 0 0 0 rg BT 167.52 480.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 184.45 480.25 Td (would ) Tj ET Q q 0 0 0 rg BT 211.40 480.25 Td (have ) Tj ET Q q 0 0 0 rg BT 232.22 480.25 Td (an ) Tj ET Q q 0 0 0 rg BT 243.61 480.25 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 288.87 480.25 Td (\(approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.91 480.25 Td ($0.2 ) Tj ET Q q 0 0 0 rg BT 371.35 480.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.25 480.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 405.52 480.25 Td (ef) Tj ET Q q 0 0 0 rg BT 413.11 480.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 430.04 480.25 Td (on ) Tj ET Q q 0 0 0 rg BT 441.99 480.25 Td (either ) Tj ET Q q 0 0 0 rg BT 466.70 480.25 Td (total ) Tj ET Q q 0 0 0 rg BT 486.42 480.25 Td (service ) Tj ET Q q 0 0 0 rg BT 516.68 480.25 Td (and ) Tj ET Q q 0 0 0 rg BT 533.07 480.25 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 468.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.11 468.25 Td (components ) Tj ET Q q 0 0 0 rg BT 118.93 468.25 Td (or ) Tj ET Q q 0 0 0 rg BT 129.76 468.25 Td (postretirement ) Tj ET Q q 0 0 0 rg BT 190.02 468.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 220.29 468.25 Td (obligations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 450.25 Td (For ) Tj ET Q q 0 0 0 rg BT 76.93 450.25 Td (the ) Tj ET Q q 0 0 0 rg BT 90.68 450.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 123.33 450.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 145.98 450.25 Td (with ) Tj ET Q q 0 0 0 rg BT 165.29 450.25 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 217.36 450.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 246.66 450.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 292.64 450.25 Td (in ) Tj ET Q q 0 0 0 rg BT 301.96 450.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 329.60 450.25 Td (of ) Tj ET Q q 0 0 0 rg BT 339.46 450.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 358.22 450.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 385.59 450.25 Td (the ) Tj ET Q q 0 0 0 rg BT 399.34 450.25 Td (projected ) Tj ET Q q 0 0 0 rg BT 438.08 450.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 467.38 450.25 Td (obligation, ) Tj ET Q q 0 0 0 rg BT 511.97 450.25 Td (accumulated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 79.61 438.25 Td (obligation, ) Tj ET Q q 0 0 0 rg BT 125.02 438.25 Td (and ) Tj ET Q q 0 0 0 rg BT 141.80 438.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 158.03 438.25 Td (value ) Tj ET Q q 0 0 0 rg BT 182.04 438.25 Td (of ) Tj ET Q q 0 0 0 rg BT 192.72 438.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 212.28 438.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 237.96 438.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.74 438.25 Td ($1 ) Tj ET Q q 0 0 0 rg BT 272.09 438.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.98 438.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.83 438.25 Td ($1 ) Tj ET Q q 0 0 0 rg BT 318.18 438.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.08 438.25 Td ( ) Tj ET Q q 0 0 0 rg BT 349.43 438.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.21 438.25 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.21 438.25 Td (, ) Tj ET Q q 0 0 0 rg BT 381.06 438.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 428.73 438.25 Td (, ) Tj ET Q q 0 0 0 rg BT 433.58 438.25 Td (as ) Tj ET Q q 0 0 0 rg BT 444.26 438.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.94 438.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 513.37 438.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.37 438.25 Td ( ) Tj ET Q q 0 0 0 rg BT 535.72 438.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.51 438.25 Td ($4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 426.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.39 426.25 Td ($4 ) Tj ET Q q 0 0 0 rg BT 95.89 426.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.78 426.25 Td (, ) Tj ET Q q 0 0 0 rg BT 129.78 426.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.72 426.25 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.72 426.25 Td (, ) Tj ET Q q 0 0 0 rg BT 161.72 426.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 209.38 426.25 Td (, ) Tj ET Q q 0 0 0 rg BT 214.38 426.25 Td (as ) Tj ET Q q 0 0 0 rg BT 225.21 426.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.04 426.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 294.63 426.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.63 426.25 Td (.) 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Tj ET Q endstream endobj 209 0 obj <>] /Rotate 0 /Contents 210 0 R>> endobj 210 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (104) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 724.7669921875 m 170.330078125 724.7669921875 l s q 0 0 0 rg BT 49.50 726.10 Td (Obligation and Funded Status) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 709.10 Td (The ) Tj ET Q q 0 0 0 rg BT 76.98 709.10 Td (following ) Tj ET Q q 0 0 0 rg BT 118.79 709.10 Td (table ) Tj ET Q q 0 0 0 rg BT 141.16 709.10 Td (is ) Tj ET Q q 0 0 0 rg BT 150.76 709.10 Td (a ) Tj ET Q q 0 0 0 rg BT 158.12 709.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 216.03 709.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.29 709.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.44 709.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 277.57 709.10 Td (in ) Tj ET Q q 0 0 0 rg BT 288.28 709.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.43 709.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 334.12 709.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 381.49 709.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.86 709.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 415.67 709.10 Td (value ) Tj ET Q q 0 0 0 rg BT 440.25 709.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.51 709.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 477.77 709.10 Td (for ) Tj ET Q q 0 0 0 rg BT 492.36 709.10 Td (our ) Tj ET Q q 0 0 0 rg BT 508.62 709.10 Td (non-qualified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 697.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 81.80 697.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 111.87 697.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 145.29 697.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 164.82 697.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.57 697.10 Td (other ) Tj ET Q q 0 0 0 rg BT 204.43 697.10 Td (postretirement ) Tj ET Q q 0 0 0 rg BT 264.50 697.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 294.58 697.10 Td (plan, ) Tj ET Q q 0 0 0 rg BT 316.61 697.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.14 697.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 361.22 697.10 Td (status ) Tj ET Q q 0 0 0 rg BT 386.31 697.10 Td (\(using ) Tj ET Q q 0 0 0 rg BT 413.62 697.10 Td (a ) Tj ET Q q 0 0 0 rg BT 420.37 697.10 Td (December31 ) Tj ET Q q 0 0 0 rg BT 476.27 697.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 531.89 697.10 Td (date\) ) Tj ET Q q 0 0 0 rg BT 554.19 697.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 685.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 87.83 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.76 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.48 685.10 Td (related ) Tj ET Q q 0 0 0 rg BT 149.18 685.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 185.57 685.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 231.93 685.10 Td (in ) Tj ET Q q 0 0 0 rg BT 242.21 685.10 Td (our ) Tj ET Q q 0 0 0 rg BT 258.04 685.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 311.08 685.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 344.11 685.10 Td (sheets ) Tj ET Q q 0 0 0 rg BT 371.05 685.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 384.66 685.10 Td (millions, ) Tj ET Q q 0 0 0 rg BT 422.44 685.10 Td (except ) Tj ET Q q 0 0 0 rg BT 451.04 685.10 Td (percentages ) Tj ET Q q 0 0 0 rg BT 500.73 685.10 Td (as ) Tj ET Q q 0 0 0 rg BT 511.56 685.10 Td (noted\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 615.60 245.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 615.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 615.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 615.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 615.60 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 615.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 615.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 615.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 615.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 587.60 245.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 587.60 4.00 -14.00 re f 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1 rg /GS0 gs 428.00 438.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 438.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 438.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 438.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 410.60 245.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 410.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 410.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 410.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 410.60 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 410.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 410.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 410.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 410.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 382.60 245.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 382.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 382.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 382.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 382.60 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 382.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 382.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 382.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 382.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 334.60 245.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 334.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 334.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 334.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 334.60 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 334.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 334.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 334.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 334.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 297.60 245.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 297.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 297.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 297.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 297.60 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 297.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 297.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 297.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 297.60 63.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 662.6 m 362 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 662.6 m 366 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 662.6 m 428 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 662.6 m 495 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 662.6 m 499 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 662.6 m 562 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 641.6 m 362 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 641.6 m 366 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 641.6 m 428 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 641.6 m 495 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 641.6 m 499 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 641.6 m 562 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 641.6 m 362 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 628.6 m 362 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 641.6 m 428 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 628.6 m 428 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 641.6 m 495 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 628.6 m 495 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 641.6 m 562 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 628.6 m 562 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 573.6 m 362 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 573.6 m 428 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 573.6 m 495 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 573.6 m 562 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 560.6 m 362 560.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 558.6 m 362 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 560.6 m 428 560.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 558.6 m 428 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 560.6 m 495 560.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 558.6 m 495 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 560.6 m 562 560.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 558.6 m 562 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 504.6 m 362 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 504.6 m 428 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 504.6 m 495 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 504.6 m 562 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 491.6 m 362 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 489.6 m 362 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 491.6 m 428 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 489.6 m 428 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 491.6 m 495 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 489.6 m 495 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 491.6 m 562 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 489.6 m 562 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 438.6 m 362 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 438.6 m 428 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 438.6 m 495 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 438.6 m 562 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 425.6 m 362 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 423.6 m 362 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 425.6 m 428 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 423.6 m 428 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 425.6 m 495 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 423.6 m 495 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 425.6 m 562 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 423.6 m 562 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 382.6 m 362 382.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 382.6 m 428 382.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 382.6 m 495 382.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 382.6 m 562 382.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 369.6 m 362 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 367.6 m 362 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 369.6 m 428 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 367.6 m 428 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 369.6 m 495 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 367.6 m 495 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 369.6 m 562 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 367.6 m 562 367.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 666.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.30 666.68 Td (Non-qualified Pension Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.55 666.68 Td (Other Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.00 653.83 Td (For) Tj ET Q q 0 0 0 rg BT 340.29 653.83 Td ( the ) Tj ET Q q 0 0 0 rg BT 354.66 653.83 Td (Y) Tj ET Q q 0 0 0 rg BT 359.55 653.83 Td (ears Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 339.75 645.83 Td (December) Tj ET Q q 0 0 0 rg BT 374.25 645.83 Td (31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.50 653.83 Td (For) Tj ET Q q 0 0 0 rg BT 473.79 653.83 Td ( the ) Tj ET Q q 0 0 0 rg BT 488.16 653.83 Td (Y) Tj ET Q q 0 0 0 rg BT 493.05 653.83 Td (ears Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.25 645.83 Td (December) Tj ET Q q 0 0 0 rg BT 507.75 645.83 Td (31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 632.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.00 632.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.50 632.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.00 632.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 632.83 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 619.33 Td (Change in benefit obligation:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 606.17 Td (Benefit obligation at beginning of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.50 606.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 606.17 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 606.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 606.17 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.50 606.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 606.17 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 606.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 606.17 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 592.17 Td (Actuarial gain) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 592.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 592.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 592.22 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 592.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 592.22 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 592.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 578.17 Td (Benefits paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.80 578.22 Td (\(3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 578.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 578.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 578.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 578.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 564.17 Td (Benefit obligation at end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.50 564.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 564.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 564.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 564.17 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.50 564.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 564.17 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 564.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 564.17 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 550.33 Td (Change in plan assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 537.17 Td (Plan assets at fair value at beginning of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.50 537.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 537.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 537.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 537.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.50 537.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 537.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 537.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 537.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 523.17 Td (Contributions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 523.17 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 523.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 523.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 523.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 509.17 Td (Benefits paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.80 509.22 Td (\(3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 509.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 509.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 509.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 509.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 495.17 Td (Plan assets at fair value at end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.50 495.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 495.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 495.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 495.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.50 495.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 495.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 495.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 495.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 481.33 Td (Reconciliation of accrued benefit liability and net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 61.50 471.33 Td (amount recognized:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 457.17 Td (Funded status of the plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.50 457.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.80 457.22 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 457.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 457.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.80 457.22 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 457.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.50 457.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 457.22 Td (\(3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 457.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 457.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 457.22 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 457.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 443.17 Td (Unrecognized net gain) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 443.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 443.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 443.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 443.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 429.17 Td (Net amount recognized) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.50 429.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.80 429.22 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 429.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 429.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.80 429.22 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 429.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.50 429.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 429.22 Td (\(3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 429.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 429.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 429.22 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 429.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 415.33 Td (Accumulated other comprehensive income recognized:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 401.17 Td (Net actuarial gain) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.50 401.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 401.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 401.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 401.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.50 401.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 401.22 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 401.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 401.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 401.22 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 401.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 387.17 Td (Net prior service cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.80 387.22 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 387.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.80 387.22 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 387.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 387.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 387.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 373.17 Td (Total as of December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.50 373.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.80 373.22 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 373.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 373.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.80 373.22 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 373.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.50 373.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 373.22 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 373.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 373.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 373.22 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 373.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 359.33 Td (Weighted average assumptions used to determine net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 61.50 349.33 Td (periodic benefit expense for years ending) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 61.50 339.33 Td (December31:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 325.17 Td (Discount rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 325.17 Td (4.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 325.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 325.17 Td (4.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 325.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 325.17 Td (3.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 325.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 325.17 Td (3.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 325.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 311.33 Td (Weighted average assumptions used to determine) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 61.50 301.33 Td (projected benefit obligations as of December31:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 288.17 Td (Discount rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 288.17 Td (4.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 288.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 288.17 Td (4.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 288.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 288.17 Td (3.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 288.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 288.17 Td (3.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 288.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 240.10 Td (NOTE17. ST) Tj ET Q q 0 0 0 rg BT 107.39 240.10 Td (OCK-BASED ) Tj ET Q q 0 0 0 rg BT 168.79 240.10 Td (A) Tj ET Q q 0 0 0 rg BT 174.91 240.10 Td (W) Tj ET Q q 0 0 0 rg BT 183.80 240.10 Td (ARD PLANS ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 222.10 Td (Stock-Based ) Tj ET Q q 0 0 0 rg BT 104.23 222.10 Td (A) Tj ET Q q 0 0 0 rg BT 110.71 222.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 135.43 222.10 Td (Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 204.10 Td (In ) Tj ET Q q 0 0 0 rg BT 72.91 204.10 Td (May ) Tj ET Q q 0 0 0 rg BT 92.81 204.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 116.89 204.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.68 204.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 182.80 204.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.71 204.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.50 204.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 246.97 204.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 285.75 204.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.54 204.10 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 334.44 204.10 Td (Holding ) Tj ET Q q 0 0 0 rg BT 368.80 204.10 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 418.70 204.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 440.28 204.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 468.17 204.10 Td (A) Tj ET Q q 0 0 0 rg BT 474.47 204.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 496.04 204.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 515.39 204.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 532.52 204.10 Td (Plan\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 192.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.80 192.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 94.86 192.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 135.03 192.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 194.09 192.10 Td (to ) Tj ET Q q 0 0 0 rg BT 205.39 192.10 Td (non-employee ) Tj ET Q q 0 0 0 rg BT 266.11 192.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 307.11 192.10 Td (of) Tj ET Q q 0 0 0 rg BT 315.26 192.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 340.98 192.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.94 192.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 407.72 192.10 Td (and ) Tj ET Q q 0 0 0 rg BT 425.68 192.10 Td (to ) Tj ET Q q 0 0 0 rg BT 436.98 192.10 Td (consolidate ) Tj ET Q q 0 0 0 rg BT 486.04 192.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.77 192.10 Td (two ) Tj ET Q q 0 0 0 rg BT 520.29 192.10 Td (previously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 180.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 83.12 180.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 110.07 180.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 167.57 180.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 190.63 180.10 Td (into ) Tj ET Q q 0 0 0 rg BT 208.15 180.10 Td (a ) Tj ET Q q 0 0 0 rg BT 214.54 180.10 Td (single ) Tj ET Q q 0 0 0 rg BT 240.38 180.10 Td (plan: ) Tj ET Q q 0 0 0 rg BT 262.33 180.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.50 180.10 Td (Company) Tj ET Q q 0 0 0 rg BT 318.17 180.10 Td (s ) Tj ET Q q 0 0 0 rg BT 324.02 180.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 352.21 180.10 Td (A) Tj ET Q q 0 0 0 rg BT 358.51 180.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 380.46 180.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 400.19 180.10 Td (for ) Tj ET Q q 0 0 0 rg BT 413.80 180.10 Td (Employees ) Tj ET Q q 0 0 0 rg BT 460.19 180.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.59 180.10 Td (Of) Tj ET Q q 0 0 0 rg BT 486.96 180.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 511.12 180.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 528.62 180.10 Td (Former ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 168.10 Td (Employee ) Tj ET Q q 0 0 0 rg BT 92.35 168.10 Td (Plan\) ) Tj ET Q q 0 0 0 rg BT 120.20 168.10 Td (and ) Tj ET Q q 0 0 0 rg BT 136.95 168.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.47 168.10 Td (Company) Tj ET Q q 0 0 0 rg BT 193.14 168.10 Td (s ) Tj ET Q q 0 0 0 rg BT 199.34 168.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 227.80 168.10 Td (A) Tj ET Q q 0 0 0 rg BT 234.10 168.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 256.40 168.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 276.49 168.10 Td (for ) Tj ET Q q 0 0 0 rg BT 290.45 168.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 329.97 168.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 347.82 168.10 Td (Former ) Tj ET Q q 0 0 0 rg BT 384.01 168.10 Td (Director ) Tj ET Q q 0 0 0 rg BT 419.63 168.10 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 446.65 168.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.40 168.10 Td (together ) Tj ET Q q 0 0 0 rg BT 498.47 168.10 Td (with ) Tj ET Q q 0 0 0 rg BT 518.55 168.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.08 168.10 Td (Former ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 156.10 Td (Employee ) Tj ET Q q 0 0 0 rg BT 92.08 156.10 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 114.40 156.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.65 156.10 Td (Former ) Tj ET Q q 0 0 0 rg BT 164.57 156.10 Td (Plans\). ) Tj ET Q q 0 0 0 rg BT 198.55 156.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 227.24 156.10 Td (that ) Tj ET Q q 0 0 0 rg BT 244.28 156.10 Td (were ) Tj ET Q q 0 0 0 rg BT 265.75 156.10 Td (available ) Tj ET Q q 0 0 0 rg BT 303.87 156.10 Td (for ) Tj ET Q q 0 0 0 rg BT 317.57 156.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 353.49 156.10 Td (under ) Tj ET Q q 0 0 0 rg BT 378.29 156.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.55 156.10 Td (Former ) Tj ET Q q 0 0 0 rg BT 424.03 156.10 Td (Plans ) Tj ET Q q 0 0 0 rg BT 447.73 156.10 Td (will ) Tj ET Q q 0 0 0 rg BT 465.33 156.10 Td (be ) Tj ET Q q 0 0 0 rg BT 476.81 156.10 Td (available ) Tj ET Q q 0 0 0 rg BT 514.93 156.10 Td (for ) Tj ET Q q 0 0 0 rg BT 528.63 156.10 Td (issuance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 144.10 Td (under ) Tj ET Q q 0 0 0 rg BT 74.89 144.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.73 144.10 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 112.44 144.10 Td (The ) Tj ET Q q 0 0 0 rg BT 130.61 144.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 183.79 144.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.74 144.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.58 144.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 251.09 144.10 Td (also ) Tj ET Q q 0 0 0 rg BT 269.82 144.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 309.65 144.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.49 144.10 Td (authorization ) Tj ET Q q 0 0 0 rg BT 379.87 144.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.83 144.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 398.45 144.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.9333333333333333 0.15294117647058825 0.1411764705882353 rg BT 427.34 144.10 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 429.97 144.10 Td (new ) Tj ET Q q 0 0 0 rg BT 449.25 144.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 476.86 144.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.82 144.10 Td (our ) Tj ET Q q 0 0 0 rg BT 503.77 144.10 Td (common ) Tj ET Q q 0 0 0 rg BT 541.39 144.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 132.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 132.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 100.04 132.10 Td (under ) Tj ET Q q 0 0 0 rg BT 125.31 132.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.02 132.10 Td (Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 114.10 Td (The ) Tj ET Q q 0 0 0 rg BT 76.45 114.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 110.51 114.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.24 114.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.85 114.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 156.03 114.10 Td (is ) Tj ET Q q 0 0 0 rg BT 165.10 114.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.28 114.10 Td (promote ) Tj ET Q q 0 0 0 rg BT 211.00 114.10 Td (our ) Tj ET Q q 0 0 0 rg BT 226.73 114.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 262.46 114.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 305.96 114.10 Td (our ) Tj ET Q q 0 0 0 rg BT 321.69 114.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 371.31 114.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.15 114.10 Td (af) Tj ET Q q 0 0 0 rg BT 395.74 114.10 Td (filiates\) ) Tj ET Q q 0 0 0 rg BT 428.68 114.10 Td (and ) Tj ET Q q 0 0 0 rg BT 445.52 114.10 Td (our ) Tj ET Q q 0 0 0 rg BT 461.25 114.10 Td (stockholders) Tj ET Q q 0 0 0 rg BT 514.38 114.10 Td ( ) Tj ET Q q 0 0 0 rg BT 516.78 114.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 552.51 114.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.10 Td (using ) Tj ET Q q 0 0 0 rg BT 74.04 102.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 101.90 102.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 138.09 102.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.73 102.10 Td (attract, ) Tj ET Q q 0 0 0 rg BT 179.08 102.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 204.70 102.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.01 102.10 Td (motivate ) Tj ET Q q 0 0 0 rg BT 259.86 102.10 Td (our ) Tj ET Q q 0 0 0 rg BT 276.06 102.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 332.51 102.10 Td (non-employee ) Tj ET Q q 0 0 0 rg BT 392.58 102.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 430.43 102.10 Td (and ) Tj ET Q q 0 0 0 rg BT 447.73 102.10 Td (other ) Tj ET Q q 0 0 0 rg BT 471.15 102.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 504.00 102.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 537.42 102.10 Td (and ) Tj ET Q q 0 0 0 rg BT 554.72 102.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.10 Td (encourage ) Tj ET Q q 0 0 0 rg BT 93.56 90.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.97 90.10 Td (reward ) Tj ET Q q 0 0 0 rg BT 141.71 90.10 Td (their ) Tj ET Q q 0 0 0 rg BT 163.01 90.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 218.76 90.10 Td (to ) Tj ET Q q 0 0 0 rg BT 229.51 90.10 Td (our ) Tj ET Q q 0 0 0 rg BT 245.82 90.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 299.32 90.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.73 90.10 Td (profitability) Tj ET Q q 0 0 0 rg BT 363.85 90.10 Td (. ) Tj ET Q q 0 0 0 rg BT 369.11 90.10 Td (The ) Tj ET Q q 0 0 0 rg BT 387.64 90.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 408.39 90.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 445.81 90.10 Td (for ) Tj ET Q q 0 0 0 rg BT 460.44 90.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 491.74 90.10 Td (to ) Tj ET Q q 0 0 0 rg BT 502.49 90.10 Td (be ) Tj ET Q q 0 0 0 rg BT 514.91 90.10 Td (made ) Tj ET Q q 0 0 0 rg BT 539.54 90.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 90.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.10 Td (form ) Tj ET Q q 0 0 0 rg BT 70.54 78.10 Td (of ) Tj ET Q q 0 0 0 rg BT 80.47 78.10 Td (\(a\)shares ) Tj ET Q q 0 0 0 rg BT 120.65 78.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.58 78.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 169.39 78.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 194.59 78.10 Td (\(b\)restricted ) Tj ET Q q 0 0 0 rg BT 247.55 78.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 270.26 78.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 293.81 78.10 Td (\(c\)incentive ) Tj ET Q q 0 0 0 rg BT 345.66 78.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 368.36 78.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 401.91 78.10 Td (\(d\)non-qualified ) Tj ET Q q 0 0 0 rg BT 471.54 78.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 494.25 78.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 527.80 78.10 Td (\(e\)stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.10 Td (appreciation ) Tj ET Q q 0 0 0 rg BT 102.24 66.10 Td (rights, ) Tj ET Q q 0 0 0 rg BT 130.85 66.10 Td (\(f\)performance ) Tj ET Q q 0 0 0 rg BT 197.19 66.10 Td (awards, ) Tj ET Q q 0 0 0 rg BT 231.33 66.10 Td (or ) Tj ET Q q 0 0 0 rg BT 242.99 66.10 Td (\(g\)other ) Tj ET Q q 0 0 0 rg BT 281.02 66.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 331.55 66.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 363.20 66.10 Td (which ) Tj ET Q q 0 0 0 rg BT 390.96 66.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 416.49 66.10 Td (to ) Tj ET Q q 0 0 0 rg BT 427.59 66.10 Td (or ) Tj ET Q q 0 0 0 rg BT 439.25 66.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 463.67 66.10 Td (a ) Tj ET Q q 0 0 0 rg BT 471.43 66.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 502.53 66.10 Td (function ) Tj ET Q q 0 0 0 rg BT 539.18 66.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 66.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 54.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 80.32 54.10 Td (described ) Tj ET Q q 0 0 0 rg BT 121.14 54.10 Td (above. ) Tj ET Q q 0 0 0 rg BT 149.46 54.10 Td (A) Tj ET Q q 0 0 0 rg BT 155.76 54.10 Td (wards ) Tj ET Q q 0 0 0 rg BT 182.15 54.10 Td (may ) Tj ET Q q 0 0 0 rg BT 201.86 54.10 Td (be ) Tj ET Q q 0 0 0 rg BT 213.80 54.10 Td (made ) Tj ET Q q 0 0 0 rg BT 237.96 54.10 Td (on ) Tj ET Q q 0 0 0 rg BT 250.46 54.10 Td (a ) Tj ET Q q 0 0 0 rg BT 257.40 54.10 Td (standalone, ) Tj ET Q q 0 0 0 rg BT 305.16 54.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 357.65 54.10 Td (or ) Tj ET Q q 0 0 0 rg BT 368.48 54.10 Td (tandem ) Tj ET Q q 0 0 0 rg BT 400.41 54.10 Td (basis. ) Tj ET Q endstream endobj 211 0 obj <>] /Rotate 0 /Contents 212 0 R>> endobj 212 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (105) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 726.25 Td (Stock-Based ) Tj ET Q q 0 0 0 rg BT 104.78 726.25 Td (Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 708.25 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 708.25 Td (e ) Tj ET Q q 0 0 0 rg BT 74.47 708.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 116.22 708.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 174.65 708.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 197.54 708.25 Td (using ) Tj ET Q q 0 0 0 rg BT 222.10 708.25 Td (the ) Tj ET Q q 0 0 0 rg BT 237.21 708.25 Td (graded ) Tj ET Q q 0 0 0 rg BT 267.31 708.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 299.09 708.25 Td (attribution ) Tj ET Q q 0 0 0 rg BT 343.64 708.25 Td (method ) Tj ET Q q 0 0 0 rg BT 376.52 708.25 Td (over ) Tj ET Q q 0 0 0 rg BT 397.18 708.25 Td (the ) Tj ET Q q 0 0 0 rg BT 412.29 708.25 Td (requisite ) Tj ET Q q 0 0 0 rg BT 449.61 708.25 Td (service ) Tj ET Q q 0 0 0 rg BT 480.82 708.25 Td (period ) Tj ET Q q 0 0 0 rg BT 509.26 708.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.48 708.25 Td (the ) Tj ET Q q 0 0 0 rg BT 535.58 708.25 Td (award, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 696.25 Td (which ) Tj ET Q q 0 0 0 rg BT 76.20 696.25 Td (is ) Tj ET Q q 0 0 0 rg BT 85.14 696.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 124.60 696.25 Td (three ) Tj ET Q q 0 0 0 rg BT 146.85 696.25 Td (to ) Tj ET Q q 0 0 0 rg BT 156.90 696.25 Td (five ) Tj ET Q q 0 0 0 rg BT 174.71 696.25 Td (years. ) Tj ET Q q 0 0 0 rg BT 200.41 696.25 Td (W) Tj ET Q q 0 0 0 rg BT 209.05 696.25 Td (e ) Tj ET Q q 0 0 0 rg BT 215.75 696.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 256.88 696.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 314.68 696.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 349.15 696.25 Td (based ) Tj ET Q q 0 0 0 rg BT 374.19 696.25 Td (on ) Tj ET Q q 0 0 0 rg BT 386.45 696.25 Td (the ) Tj ET Q q 0 0 0 rg BT 400.93 696.25 Td (number ) Tj ET Q q 0 0 0 rg BT 433.75 696.25 Td (of ) Tj ET Q q 0 0 0 rg BT 444.34 696.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 467.71 696.25 Td (options, ) Tj ET Q q 0 0 0 rg BT 501.93 696.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 541.39 696.25 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 684.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 80.54 684.25 Td (and ) Tj ET Q q 0 0 0 rg BT 97.71 684.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 137.63 684.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 161.47 684.25 Td (units ) Tj ET Q q 0 0 0 rg BT 183.64 684.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 221.90 684.25 Td (to ) Tj ET Q q 0 0 0 rg BT 232.40 684.25 Td (vest ) Tj ET Q q 0 0 0 rg BT 251.23 684.25 Td (by ) Tj ET Q q 0 0 0 rg BT 263.96 684.25 Td (using ) Tj ET Q q 0 0 0 rg BT 288.35 684.25 Td (an ) Tj ET Q q 0 0 0 rg BT 300.52 684.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 336.56 684.25 Td (of ) Tj ET Q q 0 0 0 rg BT 347.62 684.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 385.87 684.25 Td (forfeitures. ) Tj ET Q q 0 0 0 rg BT 432.55 684.25 Td (W) Tj ET Q q 0 0 0 rg BT 441.18 684.25 Td (e ) Tj ET Q q 0 0 0 rg BT 448.35 684.25 Td (review ) Tj ET Q q 0 0 0 rg BT 478.28 684.25 Td (the ) Tj ET Q q 0 0 0 rg BT 493.22 684.25 Td (forfeiture ) Tj ET Q q 0 0 0 rg BT 533.70 684.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 555.30 684.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 672.25 Td (least ) Tj ET Q q 0 0 0 rg BT 70.62 672.25 Td (annually ) Tj ET Q q 0 0 0 rg BT 107.84 672.25 Td (and ) Tj ET Q q 0 0 0 rg BT 125.08 672.25 Td (revise ) Tj ET Q q 0 0 0 rg BT 151.75 672.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 210.08 672.25 Td (expense, ) Tj ET Q q 0 0 0 rg BT 247.58 672.25 Td (if ) Tj ET Q q 0 0 0 rg BT 256.48 672.25 Td (necessary) Tj ET Q q 0 0 0 rg BT 294.70 672.25 Td (. ) Tj ET Q q 0 0 0 rg BT 299.99 672.25 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.12 672.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.12 672.25 Td (, ) Tj ET Q q 0 0 0 rg BT 356.41 672.25 Td (the ) Tj ET Q q 0 0 0 rg BT 371.42 672.25 Td (average ) Tj ET Q q 0 0 0 rg BT 405.30 672.25 Td (forfeiture ) Tj ET Q q 0 0 0 rg BT 445.84 672.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 467.51 672.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.73 672.25 Td (12%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.06 672.25 Td ( ) Tj ET Q q 0 0 0 rg BT 510.86 672.25 Td (for ) Tj ET Q q 0 0 0 rg BT 525.31 672.25 Td (restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 660.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 72.63 660.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 102.98 660.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.44 660.25 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.77 660.25 Td ( ) Tj ET Q q 0 0 0 rg BT 139.80 660.25 Td (for ) Tj ET Q q 0 0 0 rg BT 153.48 660.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 192.71 660.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 215.85 660.25 Td (units. ) Tj ET Q q 0 0 0 rg BT 239.82 660.25 Td (Stock-based ) Tj ET Q q 0 0 0 rg BT 290.72 660.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 348.29 660.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 382.52 660.25 Td (is ) Tj ET Q q 0 0 0 rg BT 391.22 660.25 Td (as ) Tj ET Q q 0 0 0 rg BT 401.57 660.25 Td (follows ) Tj ET Q q 0 0 0 rg BT 433.60 660.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 446.73 660.25 Td (millions, ) Tj ET Q q 0 0 0 rg BT 484.04 660.25 Td (except ) Tj ET Q q 0 0 0 rg BT 512.16 660.25 Td (for ) Tj ET Q q 0 0 0 rg BT 525.84 660.25 Td (weighted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 648.25 Td (average ) Tj ET Q q 0 0 0 rg BT 83.08 648.25 Td (years\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 590.75 215.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 590.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.00 590.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 590.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 590.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 590.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 590.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 590.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 590.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 590.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 590.75 56.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 624.75 m 503 624.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 624.75 m 507 624.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 624.75 m 563 624.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269 603.75 m 324 603.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 603.75 m 328 603.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 603.75 m 383 603.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 603.75 m 387 603.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 603.75 m 443 603.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269 603.75 m 324 603.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269 590.75 m 324 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 603.75 m 328 603.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 603.75 m 383 603.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 590.75 m 383 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 603.75 m 387 603.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 603.75 m 443 603.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 590.75 m 443 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 590.75 m 503 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 590.75 m 563 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269 590.75 m 324 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 590.75 m 383 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 590.75 m 443 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 590.75 m 503 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 590.75 m 563 590.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 629.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.45 628.98 Td (As of December 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.85 615.98 Td (T) Tj ET Q q 0 0 0 rg BT 310.45 615.98 Td (otalCompensationExpense) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.35 607.98 Td (for) Tj ET Q q 0 0 0 rg BT 307.42 607.98 Td (the) Tj ET Q q 0 0 0 rg BT 321.79 607.98 Td (Y) Tj ET Q q 0 0 0 rg BT 326.68 607.98 Td (earsEndedDecember) Tj ET Q q 0 0 0 rg BT 401.63 607.98 Td (31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.00 616.83 Td (Unr) Tj ET Q q 0 0 0 rg BT 464.63 616.83 Td (ecognized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.45 608.83 Td (stock-based) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.90 600.83 Td (compensation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.15 592.88 Td (expense) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.90 616.83 Td (Weighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.05 608.83 Td (average years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.15 600.83 Td (to be) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.10 592.88 Td (recognized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 595.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.00 594.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.00 594.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.50 594.98 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 581.32 Td (Restricted Stock Awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.50 580.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.15 580.42 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.50 580.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.15 580.42 Td (11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 580.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 580.42 Td (11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 580.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 580.42 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.00 580.42 Td (1.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 566.32 Td (Restricted Stock Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.50 566.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.15 566.32 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.50 566.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.15 566.32 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 566.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 566.32 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 566.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 566.32 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.00 566.32 Td (2.1) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 58.50 544.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 102.10 544.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 127.01 544.25 Td (A) Tj ET Q q 0 0 0 rg BT 132.94 544.25 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 526.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 101.36 526.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 124.78 526.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 155.42 526.25 Td (that ) Tj ET Q q 0 0 0 rg BT 172.73 526.25 Td (have ) Tj ET Q q 0 0 0 rg BT 193.92 526.25 Td (been ) Tj ET Q q 0 0 0 rg BT 215.12 526.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 242.43 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 252.53 526.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 297.60 526.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 334.91 526.25 Td (vest ) Tj ET Q q 0 0 0 rg BT 353.34 526.25 Td (over ) Tj ET Q q 0 0 0 rg BT 373.42 526.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.17 526.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.16 526.25 Td (-year ) Tj ET Q q 0 0 0 rg BT 423.01 526.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 453.38 526.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 496.23 526.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 519.66 526.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 550.29 526.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 99.20 514.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 130.01 514.25 Td (for ) Tj ET Q q 0 0 0 rg BT 144.16 514.25 Td (which ) Tj ET Q q 0 0 0 rg BT 171.09 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.80 514.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 227.17 514.25 Td (or ) Tj ET Q q 0 0 0 rg BT 237.99 514.25 Td (director ) Tj ET Q q 0 0 0 rg BT 271.57 514.25 Td (does ) Tj ET Q q 0 0 0 rg BT 292.39 514.25 Td (not ) Tj ET Q q 0 0 0 rg BT 307.66 514.25 Td (have ) Tj ET Q q 0 0 0 rg BT 329.03 514.25 Td (a ) Tj ET Q q 0 0 0 rg BT 335.96 514.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 364.00 514.25 Td (right ) Tj ET Q q 0 0 0 rg BT 385.38 514.25 Td (to ) Tj ET Q q 0 0 0 rg BT 395.65 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 410.36 514.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 433.96 514.25 Td (\(nonvested\) ) Tj ET Q q 0 0 0 rg BT 492.53 514.25 Td (until ) Tj ET Q q 0 0 0 rg BT 513.36 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.07 514.25 Td (requisite ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.25 Td (service ) Tj ET Q q 0 0 0 rg BT 80.52 502.25 Td (period ) Tj ET Q q 0 0 0 rg BT 108.78 502.25 Td (has ) Tj ET Q q 0 0 0 rg BT 124.82 502.25 Td (been ) Tj ET Q q 0 0 0 rg BT 146.41 502.25 Td (rendered ) Tj ET Q q 0 0 0 rg BT 184.09 502.25 Td (or ) Tj ET Q q 0 0 0 rg BT 195.13 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 210.05 502.25 Td (required ) Tj ET Q q 0 0 0 rg BT 246.08 502.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 283.77 502.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 337.00 502.25 Td (factor ) Tj ET Q q 0 0 0 rg BT 363.02 502.25 Td (has ) Tj ET Q q 0 0 0 rg BT 379.06 502.25 Td (been ) Tj ET Q q 0 0 0 rg BT 400.65 502.25 Td (reached ) Tj ET Q q 0 0 0 rg BT 434.44 502.25 Td (for ) Tj ET Q q 0 0 0 rg BT 448.81 502.25 Td (each ) Tj ET Q q 0 0 0 rg BT 469.84 502.25 Td (pre-determined ) Tj ET Q q 0 0 0 rg BT 533.62 502.25 Td (vesting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.25 Td (date. ) Tj ET Q q 0 0 0 rg BT 72.70 490.25 Td (Stock-based ) Tj ET Q q 0 0 0 rg BT 125.63 490.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 185.21 490.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 221.47 490.25 Td (for ) Tj ET Q q 0 0 0 rg BT 237.17 490.25 Td (each ) Tj ET Q q 0 0 0 rg BT 259.54 490.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 298.56 490.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 353.13 490.25 Td (factor ) Tj ET Q q 0 0 0 rg BT 380.49 490.25 Td (is ) Tj ET Q q 0 0 0 rg BT 391.21 490.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 439.12 490.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 483.16 490.25 Td (in ) Tj ET Q q 0 0 0 rg BT 494.98 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 511.25 490.25 Td (period ) Tj ET Q q 0 0 0 rg BT 540.84 490.25 Td (when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.25 Td (management ) Tj ET Q q 0 0 0 rg BT 102.71 478.25 Td (has ) Tj ET Q q 0 0 0 rg BT 118.15 478.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 165.25 478.25 Td (it ) Tj ET Q q 0 0 0 rg BT 172.92 478.25 Td (is ) Tj ET Q q 0 0 0 rg BT 181.71 478.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 218.81 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.15 478.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 270.24 478.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 322.88 478.25 Td (factor ) Tj ET Q q 0 0 0 rg BT 348.31 478.25 Td (will ) Tj ET Q q 0 0 0 rg BT 365.99 478.25 Td (be ) Tj ET Q q 0 0 0 rg BT 377.54 478.25 Td (achieved ) Tj ET Q q 0 0 0 rg BT 415.19 478.25 Td (for ) Tj ET Q q 0 0 0 rg BT 428.97 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.30 478.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 485.95 478.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 516.95 478.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 546.96 478.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 65.88 466.25 Td (value ) Tj ET Q q 0 0 0 rg BT 90.03 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 100.86 466.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 128.35 466.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 156.40 466.25 Td (during ) Tj ET Q q 0 0 0 rg BT 185.01 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 199.72 466.25 Td (year ) Tj ET Q q 0 0 0 rg BT 219.43 466.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.48 466.25 Td ($9 ) Tj ET Q q 0 0 0 rg BT 249.98 466.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.88 466.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 448.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 101.70 448.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 125.47 448.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 156.45 448.25 Td (to ) Tj ET Q q 0 0 0 rg BT 166.89 448.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 212.31 448.25 Td (are ) Tj ET Q q 0 0 0 rg BT 227.18 448.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 258.17 448.25 Td (to ) Tj ET Q q 0 0 0 rg BT 268.60 448.25 Td (forfeiture ) Tj ET Q q 0 0 0 rg BT 309.02 448.25 Td (if ) Tj ET Q q 0 0 0 rg BT 317.79 448.25 Td (the ) Tj ET Q q 0 0 0 rg BT 332.66 448.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 374.20 448.25 Td (is ) Tj ET Q q 0 0 0 rg BT 383.53 448.25 Td (not ) Tj ET Q q 0 0 0 rg BT 398.96 448.25 Td (employed ) Tj ET Q q 0 0 0 rg BT 441.06 448.25 Td (on ) Tj ET Q q 0 0 0 rg BT 453.72 448.25 Td (the ) Tj ET Q q 0 0 0 rg BT 468.60 448.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 500.14 448.25 Td (date. ) Tj ET Q q 0 0 0 rg BT 521.96 448.25 Td (Restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 72.56 436.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 102.83 436.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 129.78 436.25 Td (to ) Tj ET Q q 0 0 0 rg BT 139.51 436.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 176.45 436.25 Td (are ) Tj ET Q q 0 0 0 rg BT 190.60 436.25 Td (not ) Tj ET Q q 0 0 0 rg BT 205.33 436.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 235.61 436.25 Td (to ) Tj ET Q q 0 0 0 rg BT 245.34 436.25 Td (forfeiture ) Tj ET Q q 0 0 0 rg BT 285.04 436.25 Td (in ) Tj ET Q q 0 0 0 rg BT 294.77 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 308.94 436.25 Td (event ) Tj ET Q q 0 0 0 rg BT 332.54 436.25 Td (a ) Tj ET Q q 0 0 0 rg BT 338.93 436.25 Td (director ) Tj ET Q q 0 0 0 rg BT 371.98 436.25 Td (ceases ) Tj ET Q q 0 0 0 rg BT 399.47 436.25 Td (to ) Tj ET Q q 0 0 0 rg BT 409.19 436.25 Td (be ) Tj ET Q q 0 0 0 rg BT 420.58 436.25 Td (a ) Tj ET Q q 0 0 0 rg BT 426.97 436.25 Td (member ) Tj ET Q q 0 0 0 rg BT 461.69 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 471.97 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 486.14 436.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 512.52 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 522.81 436.25 Td (Directors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.25 Td (except ) Tj ET Q q 0 0 0 rg BT 77.53 424.25 Td (in ) Tj ET Q q 0 0 0 rg BT 87.24 424.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 117.51 424.25 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 178.59 424.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 221.06 424.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 244.11 424.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 274.37 424.25 Td (will ) Tj ET Q q 0 0 0 rg BT 291.86 424.25 Td (be ) Tj ET Q q 0 0 0 rg BT 303.23 424.25 Td (expensed ) Tj ET Q q 0 0 0 rg BT 342.38 424.25 Td (over ) Tj ET Q q 0 0 0 rg BT 362.08 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 376.23 424.25 Td (requisite ) Tj ET Q q 0 0 0 rg BT 412.60 424.25 Td (service ) Tj ET Q q 0 0 0 rg BT 442.85 424.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 472.84 424.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 503.10 424.25 Td (to ) Tj ET Q q 0 0 0 rg BT 512.81 424.25 Td (an ) Tj ET Q q 0 0 0 rg BT 524.19 424.25 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.25 Td (forfeiture ) Tj ET Q q 0 0 0 rg BT 90.58 412.25 Td (rate. ) Tj ET Q q 0 0 0 rg BT 111.39 412.25 Td (Prior ) Tj ET Q q 0 0 0 rg BT 134.71 412.25 Td (to ) Tj ET Q q 0 0 0 rg BT 145.82 412.25 Td (vesting, ) Tj ET Q q 0 0 0 rg BT 180.53 412.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 221.06 412.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 245.49 412.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 277.14 412.25 Td (have ) Tj ET Q q 0 0 0 rg BT 299.34 412.25 Td (all ) Tj ET Q q 0 0 0 rg BT 312.66 412.25 Td (of ) Tj ET Q q 0 0 0 rg BT 324.31 412.25 Td (the ) Tj ET Q q 0 0 0 rg BT 339.86 412.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 365.96 412.25 Td (of ) Tj ET Q q 0 0 0 rg BT 377.62 412.25 Td (common ) Tj ET Q q 0 0 0 rg BT 415.94 412.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 440.37 412.25 Td (\(other ) Tj ET Q q 0 0 0 rg BT 467.57 412.25 Td (than ) Tj ET Q q 0 0 0 rg BT 488.11 412.25 Td (the ) Tj ET Q q 0 0 0 rg BT 503.66 412.25 Td (right ) Tj ET Q q 0 0 0 rg BT 525.87 412.25 Td (to ) Tj ET Q q 0 0 0 rg BT 536.97 412.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 554.18 412.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 91.13 400.25 Td (transfer) Tj ET Q q 0 0 0 rg BT 121.27 400.25 Td (, ) Tj ET Q q 0 0 0 rg BT 126.53 400.25 Td (when ) Tj ET Q q 0 0 0 rg BT 150.95 400.25 Td (issued\). ) Tj ET Q q 0 0 0 rg BT 184.34 400.25 Td (W) Tj ET Q q 0 0 0 rg BT 192.97 400.25 Td (e ) Tj ET Q q 0 0 0 rg BT 200.17 400.25 Td (calculate ) Tj ET Q q 0 0 0 rg BT 238.45 400.25 Td (the ) Tj ET Q q 0 0 0 rg BT 253.43 400.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 270.06 400.25 Td (value ) Tj ET Q q 0 0 0 rg BT 294.48 400.25 Td (of ) Tj ET Q q 0 0 0 rg BT 305.56 400.25 Td (share-based ) Tj ET Q q 0 0 0 rg BT 355.52 400.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 379.39 400.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 410.46 400.25 Td (based ) Tj ET Q q 0 0 0 rg BT 435.99 400.25 Td (on ) Tj ET Q q 0 0 0 rg BT 448.75 400.25 Td (the ) Tj ET Q q 0 0 0 rg BT 463.72 400.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 495.37 400.25 Td (price ) Tj ET Q q 0 0 0 rg BT 518.11 400.25 Td (on ) Tj ET Q q 0 0 0 rg BT 530.87 400.25 Td (the ) Tj ET Q q 0 0 0 rg BT 545.84 400.25 Td (date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 388.25 Td (award ) Tj ET Q q 0 0 0 rg BT 91.15 388.25 Td (was ) Tj ET Q q 0 0 0 rg BT 109.20 388.25 Td (granted.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 373.25 Td (During ) Tj ET Q q 0 0 0 rg BT 92.56 373.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 115.28 373.25 Td (we ) Tj ET Q q 0 0 0 rg BT 129.67 373.25 Td (awarded ) Tj ET Q q 0 0 0 rg BT 166.27 373.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 196.19 373.25 Td (employees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.69 373.25 Td (752,426) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.19 373.25 Td ( ) Tj ET Q q 0 0 0 rg BT 276.91 373.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 304.63 373.25 Td (of ) Tj ET Q q 0 0 0 rg BT 315.69 373.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 355.62 373.25 Td (stock. ) Tj ET Q q 0 0 0 rg BT 381.75 373.25 Td (The ) Tj ET Q q 0 0 0 rg BT 400.03 373.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 439.96 373.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 463.79 373.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 494.84 373.25 Td (will ) Tj ET Q q 0 0 0 rg BT 513.12 373.25 Td (be ) Tj ET Q q 0 0 0 rg BT 525.29 373.25 Td (expensed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 361.25 Td (over ) Tj ET Q q 0 0 0 rg BT 70.37 361.25 Td (the ) Tj ET Q q 0 0 0 rg BT 85.69 361.25 Td (requisite ) Tj ET Q q 0 0 0 rg BT 123.23 361.25 Td (service ) Tj ET Q q 0 0 0 rg BT 154.65 361.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 185.80 361.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 217.23 361.25 Td (to ) Tj ET Q q 0 0 0 rg BT 228.12 361.25 Td (an ) Tj ET Q q 0 0 0 rg BT 240.66 361.25 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.08 361.25 Td (12%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.41 361.25 Td ( ) Tj ET Q q 0 0 0 rg BT 303.52 361.25 Td (average ) Tj ET Q q 0 0 0 rg BT 337.71 361.25 Td (forfeiture ) Tj ET Q q 0 0 0 rg BT 378.57 361.25 Td (rate. ) Tj ET Q q 0 0 0 rg BT 398.93 361.25 Td (The ) Tj ET Q q 0 0 0 rg BT 417.58 361.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 442.90 361.25 Td (of ) Tj ET Q q 0 0 0 rg BT 454.34 361.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.66 361.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 509.97 361.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 534.18 361.25 Td (awards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 349.25 Td (include ) Tj ET Q q 0 0 0 rg BT 81.58 349.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 113.11 349.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 157.43 349.25 Td (based ) Tj ET Q q 0 0 0 rg BT 182.84 349.25 Td (solely ) Tj ET Q q 0 0 0 rg BT 209.37 349.25 Td (on ) Tj ET Q q 0 0 0 rg BT 222.02 349.25 Td (continued ) Tj ET Q q 0 0 0 rg BT 264.10 349.25 Td (service. ) Tj ET Q q 0 0 0 rg BT 297.56 349.25 Td (If ) Tj ET Q q 0 0 0 rg BT 306.86 349.25 Td (the ) Tj ET Q q 0 0 0 rg BT 321.73 349.25 Td (service ) Tj ET Q q 0 0 0 rg BT 352.69 349.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 383.64 349.25 Td (are ) Tj ET Q q 0 0 0 rg BT 398.50 349.25 Td (satisfied, ) Tj ET Q q 0 0 0 rg BT 436.97 349.25 Td (the ) Tj ET Q q 0 0 0 rg BT 451.83 349.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 491.68 349.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 515.43 349.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 546.40 349.25 Td (vest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 89.20 337.25 Td (during ) Tj ET Q q 0 0 0 rg BT 117.81 337.25 Td (March ) Tj ET Q q 0 0 0 rg BT 146.41 337.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.24 337.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 182.24 337.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 207.24 337.25 Td (and ) Tj ET Q q 0 0 0 rg BT 224.18 337.25 Td (2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 319.25 Td (During ) Tj ET Q q 0 0 0 rg BT 89.93 319.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 115.53 319.25 Td (we ) Tj ET Q q 0 0 0 rg BT 130.29 319.25 Td (awarded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.26 319.25 Td (9,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.76 319.25 Td ( ) Tj ET Q q 0 0 0 rg BT 192.86 319.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 220.95 319.25 Td (of ) Tj ET Q q 0 0 0 rg BT 232.38 319.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 272.68 319.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 296.89 319.25 Td (for ) Tj ET Q q 0 0 0 rg BT 311.65 319.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 341.41 319.25 Td (director ) Tj ET Q q 0 0 0 rg BT 375.60 319.25 Td (compensation. ) Tj ET Q q 0 0 0 rg BT 436.52 319.25 Td (W) Tj ET Q q 0 0 0 rg BT 445.16 319.25 Td (e ) Tj ET Q q 0 0 0 rg BT 452.70 319.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 500.78 319.25 Td (that ) Tj ET Q q 0 0 0 rg BT 518.88 319.25 Td (the ) Tj ET Q q 0 0 0 rg BT 534.19 319.25 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 307.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 81.14 307.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 121.66 307.25 Td (of ) Tj ET Q q 0 0 0 rg BT 132.74 307.25 Td (these ) Tj ET Q q 0 0 0 rg BT 156.04 307.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 196.00 307.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 219.86 307.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 250.93 307.25 Td (to ) Tj ET Q q 0 0 0 rg BT 261.46 307.25 Td (be ) Tj ET Q q 0 0 0 rg BT 273.65 307.25 Td (non-substantive ) Tj ET Q q 0 0 0 rg BT 339.72 307.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 359.41 307.25 Td (in ) Tj ET Q q 0 0 0 rg BT 369.94 307.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 417.66 307.25 Td (with ) Tj ET Q q 0 0 0 rg BT 438.19 307.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 484.81 307.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 527.00 307.25 Td (for ) Tj ET Q q 0 0 0 rg BT 541.41 307.25 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 295.25 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 110.04 295.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 147.52 295.25 Td (the ) Tj ET Q q 0 0 0 rg BT 162.23 295.25 Td (entire ) Tj ET Q q 0 0 0 rg BT 187.50 295.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 203.88 295.25 Td (value ) Tj ET Q q 0 0 0 rg BT 228.03 295.25 Td (of ) Tj ET Q q 0 0 0 rg BT 238.86 295.25 Td (the ) Tj ET Q q 0 0 0 rg BT 253.58 295.25 Td (award ) Tj ET Q q 0 0 0 rg BT 280.51 295.25 Td (as ) Tj ET Q q 0 0 0 rg BT 291.34 295.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 349.38 295.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 384.08 295.25 Td (on ) Tj ET Q q 0 0 0 rg BT 396.58 295.25 Td (the ) Tj ET Q q 0 0 0 rg BT 411.30 295.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 434.35 295.25 Td (date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 277.25 Td (Changes ) Tj ET Q q 0 0 0 rg BT 95.44 277.25 Td (in ) Tj ET Q q 0 0 0 rg BT 105.72 277.25 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 148.76 277.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 188.47 277.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 212.07 277.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 242.89 277.25 Td (were ) Tj ET Q q 0 0 0 rg BT 264.82 277.25 Td (as ) Tj ET Q q 0 0 0 rg BT 275.65 277.25 Td (follows ) Tj ET Q q 0 0 0 rg BT 308.15 277.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 321.76 277.25 Td (thousands, ) Tj ET Q q 0 0 0 rg BT 366.76 277.25 Td (except ) Tj ET Q q 0 0 0 rg BT 395.36 277.25 Td (per ) Tj ET Q q 0 0 0 rg BT 410.62 277.25 Td (share ) Tj ET Q q 0 0 0 rg BT 434.22 277.25 Td (amounts\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 206.75 139.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.00 206.75 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.00 206.75 58.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.00 206.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.00 206.75 58.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 206.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 206.75 58.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 206.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 206.75 58.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 206.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 206.75 58.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 206.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 206.75 59.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 167.75 139.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.00 167.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.00 167.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.00 167.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.00 167.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 167.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 167.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 167.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 167.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 167.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 167.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 167.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 167.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 139.75 139.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.00 139.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.00 139.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.00 139.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.00 139.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 139.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 139.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 139.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 139.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 139.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 139.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 139.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 139.75 59.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 254.75 m 252 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 254.75 m 256 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 254.75 m 314 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 254.75 m 318 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 254.75 m 376 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 254.75 m 380 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 254.75 m 438 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 254.75 m 442 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 254.75 m 500 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 254.75 m 504 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 254.75 m 563 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 254.75 m 252 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 242.75 m 252 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 254.75 m 256 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 242.75 m 256 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 254.75 m 314 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 242.75 m 314 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 254.75 m 318 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 254.75 m 376 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 242.75 m 376 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 254.75 m 380 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 242.75 m 380 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 254.75 m 438 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 242.75 m 438 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 254.75 m 442 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 254.75 m 500 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 242.75 m 500 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 254.75 m 504 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 242.75 m 504 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 254.75 m 563 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 242.75 m 563 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 206.75 m 252 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 206.75 m 314 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 206.75 m 376 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 206.75 m 438 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 206.75 m 500 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 206.75 m 563 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 206.75 m 252 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 206.75 m 314 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 206.75 m 376 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 206.75 m 438 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 206.75 m 500 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 206.75 m 563 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 139.75 m 252 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 139.75 m 376 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 139.75 m 500 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 126.75 m 252 126.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 124.75 m 252 124.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 126.75 m 376 126.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 124.75 m 376 124.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 126.75 m 500 126.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 124.75 m 500 124.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 258.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.95 258.83 Td (As of December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 246.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.50 246.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.50 246.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.00 246.83 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 211.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 204.00 218.98 Td (Number) Tj ET Q q 0 0 0 rg BT 232.30 218.98 Td ( of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 211.00 210.98 Td (Shar) Tj ET Q q 0 0 0 rg BT 227.30 210.98 Td (es) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.90 234.83 Td (W) Tj ET Q q 0 0 0 rg BT 274.46 234.83 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.55 226.83 Td (A) Tj ET Q q 0 0 0 rg BT 275.73 226.83 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.05 218.83 Td (GrantDate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.65 210.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 281.17 210.83 Td () Tj ET Q q 0 0 0 rg BT 283.02 210.83 Td (V) Tj ET Q q 0 0 0 rg BT 288.06 210.83 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.00 218.98 Td (Number) Tj ET Q q 0 0 0 rg BT 356.30 218.98 Td (of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.00 210.98 Td (Shar) Tj ET Q q 0 0 0 rg BT 351.30 210.98 Td (es) Tj ET Q BT 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Tf ET q 0 0 0 rg BT 515.15 210.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 529.67 210.83 Td () Tj ET Q q 0 0 0 rg BT 531.52 210.83 Td (V) Tj ET Q q 0 0 0 rg BT 536.56 210.83 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 197.32 Td (Nonvested at the beginning of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 187.32 Td (the year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.65 186.42 Td (1,060) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.50 186.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 186.42 Td (19.79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 186.42 Td (1,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.50 186.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 186.42 Td (17.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 186.42 Td (1,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.50 186.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 186.42 Td (17.85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 172.32 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.15 172.32 Td (761) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.50 172.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 172.32 Td (15.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 172.32 Td (573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.50 172.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 172.32 Td (21.88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 172.32 Td (721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.50 172.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 172.32 Td (17.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 158.32 Td (Vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.80 158.32 Td (\(532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 158.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.50 158.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 158.32 Td (19.36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.80 158.37 Td (\(661) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 158.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.50 158.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 158.32 Td (17.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 158.37 Td (\(608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.15 158.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.50 158.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 158.32 Td (17.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 144.32 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.80 144.32 Td (\(69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 144.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.50 144.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 144.32 Td (17.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.80 144.37 Td (\(92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 144.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.50 144.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 144.32 Td (19.36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.80 144.37 Td (\(39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.15 144.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.50 144.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 144.32 Td (17.80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 130.32 Td (Nonvested at the end of the year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.65 130.32 Td (1,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.50 130.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 130.32 Td (17.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 130.32 Td (1,060) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.50 130.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 130.32 Td (19.79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 130.32 Td (1,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.50 130.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 130.32 Td (17.67) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 213 0 obj <>] /Rotate 0 /Contents 214 0 R>> endobj 214 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (106) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 58.50 726.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 102.10 726.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 127.38 726.25 Td (Units ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 708.25 Td (In ) Tj ET Q q 0 0 0 rg BT 68.43 708.25 Td (2010, ) Tj ET Q q 0 0 0 rg BT 92.52 708.25 Td (we ) Tj ET Q q 0 0 0 rg BT 105.78 708.25 Td (awarded ) Tj ET Q q 0 0 0 rg BT 141.24 708.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 180.04 708.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 202.75 708.25 Td (units ) Tj ET Q q 0 0 0 rg BT 223.79 708.25 Td (\(RSUs\) ) Tj ET Q q 0 0 0 rg BT 264.27 708.25 Td (to ) Tj ET Q q 0 0 0 rg BT 273.65 708.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 302.45 708.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 346.81 708.25 Td (in ) Tj ET Q q 0 0 0 rg BT 356.18 708.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 401.65 708.25 Td (with ) Tj ET Q q 0 0 0 rg BT 421.02 708.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 458.71 708.25 Td (growth-based ) Tj ET Q q 0 0 0 rg BT 514.74 708.25 Td (acquisitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 696.25 Td (or ) Tj ET Q q 0 0 0 rg BT 59.72 696.25 Td (development ) Tj ET Q q 0 0 0 rg BT 113.26 696.25 Td (projects. ) Tj ET Q q 0 0 0 rg BT 149.17 696.25 Td (V) Tj ET Q q 0 0 0 rg BT 155.28 696.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 181.06 696.25 Td (of ) Tj ET Q q 0 0 0 rg BT 191.28 696.25 Td (the ) Tj ET Q q 0 0 0 rg BT 205.38 696.25 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 230.62 696.25 Td (is ) Tj ET Q q 0 0 0 rg BT 239.18 696.25 Td (based ) Tj ET Q q 0 0 0 rg BT 263.84 696.25 Td (on ) Tj ET Q q 0 0 0 rg BT 275.73 696.25 Td (the ) Tj ET Q q 0 0 0 rg BT 289.83 696.25 Td (net ) Tj ET Q q 0 0 0 rg BT 303.94 696.25 Td (present ) Tj ET Q q 0 0 0 rg BT 334.71 696.25 Td (value ) Tj ET Q q 0 0 0 rg BT 358.25 696.25 Td (of ) Tj ET Q q 0 0 0 rg BT 368.47 696.25 Td (projected ) Tj ET Q q 0 0 0 rg BT 407.56 696.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 427.22 696.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 451.33 696.25 Td (of ) Tj ET Q q 0 0 0 rg BT 461.55 696.25 Td (the ) Tj ET Q q 0 0 0 rg BT 475.66 696.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 518.64 696.25 Td (acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 684.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.45 684.25 Td (development ) Tj ET Q q 0 0 0 rg BT 114.72 684.25 Td (project, ) Tj ET Q q 0 0 0 rg BT 147.61 684.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 190.76 684.25 Td (as ) Tj ET Q q 0 0 0 rg BT 201.71 684.25 Td (of ) Tj ET Q q 0 0 0 rg BT 212.66 684.25 Td (the ) Tj ET Q q 0 0 0 rg BT 227.50 684.25 Td (award ) Tj ET Q q 0 0 0 rg BT 254.55 684.25 Td (date ) Tj ET Q q 0 0 0 rg BT 273.83 684.25 Td (versus ) Tj ET Q q 0 0 0 rg BT 302.00 684.25 Td (the ) Tj ET Q q 0 0 0 rg BT 316.84 684.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 348.35 684.25 Td (date. ) Tj ET Q q 0 0 0 rg BT 369.94 684.25 Td (V) Tj ET Q q 0 0 0 rg BT 376.05 684.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 402.56 684.25 Td (will ) Tj ET Q q 0 0 0 rg BT 420.74 684.25 Td (occur ) Tj ET Q q 0 0 0 rg BT 445.57 684.25 Td (after ) Tj ET Q q 0 0 0 rg BT 466.51 684.25 Td (at ) Tj ET Q q 0 0 0 rg BT 476.35 684.25 Td (least ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.29 684.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.28 684.25 Td ( ) Tj ET Q q 0 0 0 rg BT 519.90 684.25 Td (years ) Tj ET Q q 0 0 0 rg BT 543.62 684.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 672.25 Td (passed ) Tj ET Q q 0 0 0 rg BT 78.77 672.25 Td (following ) Tj ET Q q 0 0 0 rg BT 120.27 672.25 Td (an ) Tj ET Q q 0 0 0 rg BT 132.32 672.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 178.81 672.25 Td (or ) Tj ET Q q 0 0 0 rg BT 189.75 672.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 212.37 672.25 Td (the ) Tj ET Q q 0 0 0 rg BT 227.19 672.25 Td (later ) Tj ET Q q 0 0 0 rg BT 247.57 672.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.51 672.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.50 672.25 Td ( ) Tj ET Q q 0 0 0 rg BT 281.11 672.25 Td (years ) Tj ET Q q 0 0 0 rg BT 304.82 672.25 Td (from ) Tj ET Q q 0 0 0 rg BT 326.87 672.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.69 672.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 364.85 672.25 Td (date ) Tj ET Q q 0 0 0 rg BT 384.12 672.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.06 672.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.50 672.25 Td ( ) Tj ET Q q 0 0 0 rg BT 412.11 672.25 Td (year ) Tj ET Q q 0 0 0 rg BT 431.93 672.25 Td (following ) Tj ET Q q 0 0 0 rg BT 473.43 672.25 Td (the ) Tj ET Q q 0 0 0 rg BT 488.25 672.25 Td (commencement ) Tj ET Q q 0 0 0 rg BT 554.17 672.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 660.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 99.82 660.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 144.61 660.25 Td (for ) Tj ET Q q 0 0 0 rg BT 159.40 660.25 Td (development ) Tj ET Q q 0 0 0 rg BT 214.17 660.25 Td (projects. ) Tj ET Q q 0 0 0 rg BT 251.46 660.25 Td (For ) Tj ET Q q 0 0 0 rg BT 268.47 660.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 298.80 660.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 323.04 660.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 341.72 660.25 Td (awards, ) Tj ET Q q 0 0 0 rg BT 375.67 660.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 417.69 660.25 Td (accrue ) Tj ET Q q 0 0 0 rg BT 446.90 660.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 469.46 660.25 Td (to ) Tj ET Q q 0 0 0 rg BT 480.37 660.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 512.38 660.25 Td (and ) Tj ET Q q 0 0 0 rg BT 529.95 660.25 Td (are ) Tj ET Q q 0 0 0 rg BT 545.28 660.25 Td (paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 648.25 Td (when ) Tj ET Q q 0 0 0 rg BT 73.97 648.25 Td (the ) Tj ET Q q 0 0 0 rg BT 88.99 648.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 120.11 648.25 Td (vest. ) Tj ET Q q 0 0 0 rg BT 141.32 648.25 Td (W) Tj ET Q q 0 0 0 rg BT 149.96 648.25 Td (e ) Tj ET Q q 0 0 0 rg BT 157.21 648.25 Td (calculate ) Tj ET Q q 0 0 0 rg BT 195.54 648.25 Td (the ) Tj ET Q q 0 0 0 rg BT 210.56 648.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 227.24 648.25 Td (value ) Tj ET Q q 0 0 0 rg BT 251.70 648.25 Td (of ) Tj ET Q q 0 0 0 rg BT 262.84 648.25 Td (share-based ) Tj ET Q q 0 0 0 rg BT 312.84 648.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 336.75 648.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 367.88 648.25 Td (based ) Tj ET Q q 0 0 0 rg BT 393.45 648.25 Td (on ) Tj ET Q q 0 0 0 rg BT 406.26 648.25 Td (the ) Tj ET Q q 0 0 0 rg BT 421.28 648.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 452.97 648.25 Td (price ) Tj ET Q q 0 0 0 rg BT 475.76 648.25 Td (on ) Tj ET Q q 0 0 0 rg BT 488.57 648.25 Td (the ) Tj ET Q q 0 0 0 rg BT 503.59 648.25 Td (date ) Tj ET Q q 0 0 0 rg BT 523.05 648.25 Td (the ) Tj ET Q q 0 0 0 rg BT 538.07 648.25 Td (award ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 636.25 Td (was ) Tj ET Q q 0 0 0 rg BT 67.55 636.25 Td (granted. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 618.25 Td (In ) Tj ET Q q 0 0 0 rg BT 69.31 618.25 Td (January) Tj ET Q q 0 0 0 rg BT 99.76 618.25 Td (, ) Tj ET Q q 0 0 0 rg BT 104.73 618.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 129.71 618.25 Td (we ) Tj ET Q q 0 0 0 rg BT 143.85 618.25 Td (awarded ) Tj ET Q q 0 0 0 rg BT 180.19 618.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 209.87 618.25 Td (employees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.11 618.25 Td (356,622) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.61 618.25 Td ( ) Tj ET Q q 0 0 0 rg BT 290.09 618.25 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 315.91 618.25 Td (related ) Tj ET Q q 0 0 0 rg BT 345.59 618.25 Td (to ) Tj ET Q q 0 0 0 rg BT 355.85 618.25 Td (a ) Tj ET Q q 0 0 0 rg BT 362.76 618.25 Td (special ) Tj ET Q q 0 0 0 rg BT 393.00 618.25 Td (retention ) Tj ET Q q 0 0 0 rg BT 431.02 618.25 Td (bonus ) Tj ET Q q 0 0 0 rg BT 457.39 618.25 Td (that ) Tj ET Q q 0 0 0 rg BT 474.86 618.25 Td (will ) Tj ET Q q 0 0 0 rg BT 492.90 618.25 Td (vest ) Tj ET Q q 0 0 0 rg BT 511.48 618.25 Td (after ) Tj ET Q q 0 0 0 rg BT 532.27 618.25 Td (a ) Tj ET Q q 0 0 0 rg BT 539.19 618.25 Td (three-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.25 Td (year ) Tj ET Q q 0 0 0 rg BT 69.21 606.25 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 591.25 Td (In ) Tj ET Q q 0 0 0 rg BT 71.27 591.25 Td (March, ) Tj ET Q q 0 0 0 rg BT 101.30 591.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 125.24 591.25 Td (we ) Tj ET Q q 0 0 0 rg BT 138.33 591.25 Td (awarded ) Tj ET Q q 0 0 0 rg BT 173.63 591.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 202.27 591.25 Td (employees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.47 591.25 Td (471,381) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.97 591.25 Td ( ) Tj ET Q q 0 0 0 rg BT 280.41 591.25 Td (RSUs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.69 591.25 Td (390,728) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.19 591.25 Td ( ) Tj ET Q q 0 0 0 rg BT 341.62 591.25 Td (of ) Tj ET Q q 0 0 0 rg BT 351.39 591.25 Td (which ) Tj ET Q q 0 0 0 rg BT 377.26 591.25 Td (will ) Tj ET Q q 0 0 0 rg BT 394.25 591.25 Td (vest ) Tj ET Q q 0 0 0 rg BT 411.80 591.25 Td (based ) Tj ET Q q 0 0 0 rg BT 436.00 591.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 457.44 591.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.09 591.25 Td (Company) Tj ET Q q 0 0 0 rg BT 512.75 591.25 Td (s ) Tj ET Q q 0 0 0 rg BT 518.08 591.25 Td (cumulative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 579.25 Td (Free ) Tj ET Q q 0 0 0 rg BT 69.77 579.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 92.27 579.25 Td (Flow ) Tj ET Q q 0 0 0 rg BT 115.33 579.25 Td (per ) Tj ET Q q 0 0 0 rg BT 130.60 579.25 Td (share ) Tj ET Q q 0 0 0 rg BT 154.20 579.25 Td (over ) Tj ET Q q 0 0 0 rg BT 174.47 579.25 Td (a ) Tj ET Q q 0 0 0 rg BT 181.40 579.25 Td (three-year ) Tj ET Q q 0 0 0 rg BT 224.43 579.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 277.45 579.25 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 564.25 Td (In ) Tj ET Q q 0 0 0 rg BT 72.45 564.25 Td (May) Tj ET Q q 0 0 0 rg BT 90.13 564.25 Td (, ) Tj ET Q q 0 0 0 rg BT 95.24 564.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 120.36 564.25 Td (we ) Tj ET Q q 0 0 0 rg BT 134.64 564.25 Td (awarded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.12 564.25 Td (54,591) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.62 564.25 Td ( ) Tj ET Q q 0 0 0 rg BT 201.24 564.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 241.05 564.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 264.78 564.25 Td (units ) Tj ET Q q 0 0 0 rg BT 286.84 564.25 Td (for ) Tj ET Q q 0 0 0 rg BT 301.12 564.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 330.39 564.25 Td (director ) Tj ET Q q 0 0 0 rg BT 364.10 564.25 Td (compensation. ) Tj ET Q q 0 0 0 rg BT 424.57 564.25 Td (W) Tj ET Q q 0 0 0 rg BT 433.21 564.25 Td (e ) Tj ET Q q 0 0 0 rg BT 440.26 564.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 487.86 564.25 Td (the ) Tj ET Q q 0 0 0 rg BT 502.69 564.25 Td (service ) Tj ET Q q 0 0 0 rg BT 533.62 564.25 Td (vesting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 552.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 90.55 552.25 Td (of ) Tj ET Q q 0 0 0 rg BT 102.15 552.25 Td (these ) Tj ET Q q 0 0 0 rg BT 125.97 552.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 166.45 552.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 190.83 552.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 222.42 552.25 Td (and ) Tj ET Q q 0 0 0 rg BT 240.14 552.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 280.61 552.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 305.00 552.25 Td (units ) Tj ET Q q 0 0 0 rg BT 327.72 552.25 Td (to ) Tj ET Q q 0 0 0 rg BT 338.77 552.25 Td (be ) Tj ET Q q 0 0 0 rg BT 351.48 552.25 Td (non-substantive ) Tj ET Q q 0 0 0 rg BT 418.08 552.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 438.29 552.25 Td (in ) Tj ET Q q 0 0 0 rg BT 449.35 552.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 497.58 552.25 Td (with ) Tj ET Q q 0 0 0 rg BT 518.63 552.25 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 540.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 91.43 540.25 Td (for ) Tj ET Q q 0 0 0 rg BT 105.59 540.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 129.20 540.25 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 189.74 540.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 227.22 540.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.94 540.25 Td (entire ) Tj ET Q q 0 0 0 rg BT 267.20 540.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 283.58 540.25 Td (value ) Tj ET Q q 0 0 0 rg BT 307.73 540.25 Td (of ) Tj ET Q q 0 0 0 rg BT 318.56 540.25 Td (the ) Tj ET Q q 0 0 0 rg BT 333.28 540.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 364.10 540.25 Td (as ) Tj ET Q q 0 0 0 rg BT 374.93 540.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 432.97 540.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 467.68 540.25 Td (on ) Tj ET Q q 0 0 0 rg BT 480.18 540.25 Td (the ) Tj ET Q q 0 0 0 rg BT 494.90 540.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 517.94 540.25 Td (date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 525.25 Td (In ) Tj ET Q q 0 0 0 rg BT 72.69 525.25 Td (September) Tj ET Q q 0 0 0 rg BT 115.05 525.25 Td (, ) Tj ET Q q 0 0 0 rg BT 120.41 525.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 145.77 525.25 Td (the ) Tj ET Q q 0 0 0 rg BT 160.84 525.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 188.14 525.25 Td (of ) Tj ET Q q 0 0 0 rg BT 199.33 525.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 239.39 525.25 Td (appointed ) Tj ET Q q 0 0 0 rg BT 281.68 525.25 Td (two ) Tj ET Q q 0 0 0 rg BT 299.54 525.25 Td (new ) Tj ET Q q 0 0 0 rg BT 319.06 525.25 Td (board ) Tj ET Q q 0 0 0 rg BT 344.69 525.25 Td (members. ) Tj ET Q q 0 0 0 rg BT 386.49 525.25 Td (W) Tj ET Q q 0 0 0 rg BT 395.13 525.25 Td (e ) Tj ET Q q 0 0 0 rg BT 402.43 525.25 Td (awarded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.15 525.25 Td (5,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 525.25 Td ( ) Tj ET Q q 0 0 0 rg BT 464.51 525.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 504.57 525.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 528.54 525.25 Td (units ) Tj ET Q q 0 0 0 rg BT 550.84 525.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 513.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.26 513.25 Td (prorated ) Tj ET Q q 0 0 0 rg BT 98.11 513.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 128.54 513.25 Td (of ) Tj ET Q q 0 0 0 rg BT 138.41 513.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.16 513.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 180.36 513.25 Td (director ) Tj ET Q q 0 0 0 rg BT 212.99 513.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 270.07 513.25 Td (with ) Tj ET Q q 0 0 0 rg BT 289.39 513.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 319.25 513.25 Td (to ) Tj ET Q q 0 0 0 rg BT 328.56 513.25 Td (these ) Tj ET Q q 0 0 0 rg BT 350.65 513.25 Td (directors. ) Tj ET Q q 0 0 0 rg BT 389.56 513.25 Td (W) Tj ET Q q 0 0 0 rg BT 398.20 513.25 Td (e ) Tj ET Q q 0 0 0 rg BT 404.18 513.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 450.70 513.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.46 513.25 Td (service ) Tj ET Q q 0 0 0 rg BT 494.31 513.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 524.74 513.25 Td (condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 501.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.18 501.25 Td (these ) Tj ET Q q 0 0 0 rg BT 83.08 501.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 122.64 501.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 146.10 501.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 176.77 501.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.56 501.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 233.12 501.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 256.58 501.25 Td (units ) Tj ET Q q 0 0 0 rg BT 278.38 501.25 Td (to ) Tj ET Q q 0 0 0 rg BT 288.51 501.25 Td (be ) Tj ET Q q 0 0 0 rg BT 300.30 501.25 Td (non-substantive ) Tj ET Q q 0 0 0 rg BT 365.98 501.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 385.27 501.25 Td (in ) Tj ET Q q 0 0 0 rg BT 395.40 501.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 442.71 501.25 Td (with ) Tj ET Q q 0 0 0 rg BT 462.84 501.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 509.07 501.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 550.85 501.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 489.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.11 489.25 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 133.65 489.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 171.13 489.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.84 489.25 Td (entire ) Tj ET Q q 0 0 0 rg BT 211.11 489.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 227.48 489.25 Td (value ) Tj ET Q q 0 0 0 rg BT 251.64 489.25 Td (of ) Tj ET Q q 0 0 0 rg BT 262.47 489.25 Td (the ) Tj ET Q q 0 0 0 rg BT 277.19 489.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 308.01 489.25 Td (as ) Tj ET Q q 0 0 0 rg BT 318.84 489.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 376.88 489.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 411.58 489.25 Td (on ) Tj ET Q q 0 0 0 rg BT 424.08 489.25 Td (the ) Tj ET Q q 0 0 0 rg BT 438.80 489.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 461.85 489.25 Td (date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 471.25 Td (Changes ) Tj ET Q q 0 0 0 rg BT 95.44 471.25 Td (in ) Tj ET Q q 0 0 0 rg BT 105.72 471.25 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 148.76 471.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 188.47 471.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 212.07 471.25 Td (units ) Tj ET Q q 0 0 0 rg BT 234.02 471.25 Td (were ) Tj ET Q q 0 0 0 rg BT 255.95 471.25 Td (as ) Tj ET Q q 0 0 0 rg BT 266.78 471.25 Td (follows ) Tj ET Q q 0 0 0 rg BT 299.28 471.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 312.89 471.25 Td (thousands, ) Tj ET Q q 0 0 0 rg BT 357.89 471.25 Td (except ) Tj ET Q q 0 0 0 rg BT 386.48 471.25 Td (per ) Tj ET Q q 0 0 0 rg BT 401.75 471.25 Td (share ) Tj ET Q q 0 0 0 rg BT 425.35 471.25 Td (amounts\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 400.75 139.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.00 400.75 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.00 400.75 58.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.00 400.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.00 400.75 58.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 400.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 400.75 58.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 400.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 400.75 58.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 400.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 400.75 58.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 400.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 400.75 59.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 361.75 139.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.00 361.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.00 361.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.00 361.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.00 361.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 361.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 361.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 361.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 361.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 361.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 361.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 361.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 361.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 333.75 139.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.00 333.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.00 333.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.00 333.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.00 333.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 333.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 333.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 333.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 333.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 333.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 333.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 333.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 333.75 59.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 448.75 m 252 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 448.75 m 256 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 448.75 m 314 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 448.75 m 318 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 448.75 m 376 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 448.75 m 380 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 448.75 m 438 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 448.75 m 442 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 448.75 m 500 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 448.75 m 504 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 448.75 m 563 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 448.75 m 252 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 436.75 m 252 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 448.75 m 256 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 436.75 m 256 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 448.75 m 314 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 436.75 m 314 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 448.75 m 318 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 448.75 m 376 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 436.75 m 376 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 448.75 m 380 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 436.75 m 380 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 448.75 m 438 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 436.75 m 438 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 448.75 m 442 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 448.75 m 500 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 436.75 m 500 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 448.75 m 504 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 436.75 m 504 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 448.75 m 563 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 436.75 m 563 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 400.75 m 252 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 400.75 m 314 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 400.75 m 376 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 400.75 m 438 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 400.75 m 500 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 400.75 m 563 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 400.75 m 252 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 400.75 m 314 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 400.75 m 376 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 400.75 m 438 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 400.75 m 500 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 400.75 m 563 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 333.75 m 252 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 333.75 m 376 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 333.75 m 500 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 320.75 m 252 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 318.75 m 252 318.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 320.75 m 376 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 318.75 m 376 318.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 320.75 m 500 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 318.75 m 500 318.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 452.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.95 452.83 Td (As of December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 440.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.50 440.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.50 440.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.00 440.83 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 405.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 204.00 412.98 Td (Number) Tj ET Q q 0 0 0 rg BT 232.30 412.98 Td ( of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 211.00 404.98 Td (Shar) Tj ET Q q 0 0 0 rg BT 227.30 404.98 Td (es) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.90 428.83 Td (W) Tj ET Q q 0 0 0 rg BT 274.46 428.83 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.55 420.83 Td (A) Tj ET Q q 0 0 0 rg BT 275.73 420.83 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.05 412.83 Td (GrantDate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.65 404.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 281.17 404.83 Td () Tj ET Q q 0 0 0 rg BT 283.02 404.83 Td (V) Tj ET Q q 0 0 0 rg BT 288.06 404.83 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.00 412.98 Td (Number) Tj ET Q q 0 0 0 rg BT 356.30 412.98 Td (of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.00 404.98 Td (Shar) Tj ET Q q 0 0 0 rg BT 351.30 404.98 Td (es) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.90 428.83 Td (W) Tj ET Q q 0 0 0 rg BT 398.46 428.83 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.55 420.83 Td (A) Tj ET Q q 0 0 0 rg BT 399.73 420.83 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.05 412.83 Td (GrantDate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.65 404.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 405.17 404.83 Td () Tj ET Q q 0 0 0 rg BT 407.02 404.83 Td (V) Tj ET Q q 0 0 0 rg BT 412.06 404.83 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.00 412.98 Td (Number) Tj ET Q q 0 0 0 rg BT 480.30 412.98 Td (of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.00 404.98 Td (Shar) Tj ET Q q 0 0 0 rg BT 475.30 404.98 Td (es) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.40 428.83 Td (W) Tj ET Q q 0 0 0 rg BT 522.96 428.83 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.05 420.83 Td (A) Tj ET Q q 0 0 0 rg BT 524.23 420.83 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.55 412.83 Td (GrantDate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.15 404.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 529.67 404.83 Td () Tj ET Q q 0 0 0 rg BT 531.52 404.83 Td (V) Tj ET Q q 0 0 0 rg BT 536.56 404.83 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 391.32 Td (Nonvested at the beginning of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 381.32 Td (the year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.65 380.42 Td (1,189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.50 380.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 380.42 Td (17.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 380.42 Td (894) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.50 380.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 380.42 Td (15.93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 380.42 Td (691) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.50 380.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 380.42 Td (16.66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 366.32 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.15 366.32 Td (888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.50 366.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 366.32 Td (14.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 366.32 Td (322) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.50 366.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 366.32 Td (21.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 366.32 Td (247) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.50 366.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 366.32 Td (14.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 352.32 Td (Vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.80 352.32 Td (\(51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 352.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.50 352.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 352.32 Td (20.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.80 352.37 Td (\(21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 352.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.50 352.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 352.32 Td (17.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.80 352.37 Td (\(44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.15 352.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.50 352.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 352.32 Td (16.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 338.32 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.80 338.32 Td (\(223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 338.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.50 338.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 338.32 Td (16.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.80 338.37 Td (\(6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 338.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.50 338.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 338.32 Td (21.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 338.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.50 338.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 338.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 324.32 Td (Nonvested at the end of the year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.65 324.32 Td (1,803) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.50 324.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 324.32 Td (16.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 324.32 Td (1,189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.50 324.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 324.32 Td (17.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 324.32 Td (894) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.50 324.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 324.32 Td (15.93) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 302.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 86.78 302.25 Td (Options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 284.25 Td (W) Tj ET Q q 0 0 0 rg BT 70.14 284.25 Td (e ) Tj ET Q q 0 0 0 rg BT 76.49 284.25 Td (have ) Tj ET Q q 0 0 0 rg BT 97.29 284.25 Td (also ) Tj ET Q q 0 0 0 rg BT 115.32 284.25 Td (awarded ) Tj ET Q q 0 0 0 rg BT 151.10 284.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 174.13 284.25 Td (options ) Tj ET Q q 0 0 0 rg BT 205.49 284.25 Td (to ) Tj ET Q q 0 0 0 rg BT 215.19 284.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 244.31 284.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 288.99 284.25 Td (and ) Tj ET Q q 0 0 0 rg BT 305.35 284.25 Td (directors. ) Tj ET Q q 0 0 0 rg BT 344.75 284.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 369.45 284.25 Td (options ) Tj ET Q q 0 0 0 rg BT 400.81 284.25 Td (awarded ) Tj ET Q q 0 0 0 rg BT 436.60 284.25 Td (to ) Tj ET Q q 0 0 0 rg BT 446.29 284.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 483.20 284.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 510.66 284.25 Td (immediately) Tj ET Q q 0 0 0 rg BT 560.00 284.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 74.19 272.25 Td (options ) Tj ET Q q 0 0 0 rg BT 105.55 272.25 Td (awarded ) Tj ET Q q 0 0 0 rg BT 141.34 272.25 Td (to ) Tj ET Q q 0 0 0 rg BT 151.03 272.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 195.71 272.25 Td (have ) Tj ET Q q 0 0 0 rg BT 216.50 272.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 253.40 272.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 280.86 272.25 Td (annually ) Tj ET Q q 0 0 0 rg BT 317.21 272.25 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.89 272.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.88 272.25 Td ( ) Tj ET Q q 0 0 0 rg BT 358.79 272.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.48 272.25 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.03 272.25 Td (years ) Tj ET Q q 0 0 0 rg BT 409.54 272.25 Td (and ) Tj ET Q q 0 0 0 rg BT 425.90 272.25 Td (expire ) Tj ET Q q 0 0 0 rg BT 452.80 272.25 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.48 272.25 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.70 272.25 Td ( ) Tj ET Q q 0 0 0 rg BT 486.61 272.25 Td (years. ) Tj ET Q q 0 0 0 rg BT 511.98 272.25 Td (W) Tj ET Q q 0 0 0 rg BT 520.62 272.25 Td (e ) Tj ET Q q 0 0 0 rg BT 526.97 272.25 Td (calculate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.92 260.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 81.99 260.25 Td (value ) Tj ET Q q 0 0 0 rg BT 106.85 260.25 Td (of ) Tj ET Q q 0 0 0 rg BT 118.38 260.25 Td (our ) Tj ET Q q 0 0 0 rg BT 134.91 260.25 Td (share-based ) Tj ET Q q 0 0 0 rg BT 185.30 260.25 Td (option ) Tj ET Q q 0 0 0 rg BT 214.06 260.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 245.58 260.25 Td (using ) Tj ET Q q 0 0 0 rg BT 270.45 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 285.87 260.25 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 346.83 260.25 Td (option ) Tj ET Q q 0 0 0 rg BT 375.59 260.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 407.11 260.25 Td (model ) Tj ET Q q 0 0 0 rg BT 435.31 260.25 Td (which ) Tj ET Q q 0 0 0 rg BT 462.94 260.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 498.35 260.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 538.76 260.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 260.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 87.53 248.25 Td (life ) Tj ET Q q 0 0 0 rg BT 103.36 248.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.19 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.90 248.25 Td (award ) Tj ET Q q 0 0 0 rg BT 155.83 248.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.77 248.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 196.38 248.25 Td (price ) Tj ET Q q 0 0 0 rg BT 218.87 248.25 Td (volatility) Tj ET Q q 0 0 0 rg BT 254.32 248.25 Td (. ) Tj ET Q endstream endobj 215 0 obj <>] /Rotate 0 /Contents 216 0 R>> endobj 216 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 33.60 Td (107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 726.10 Td (The ) Tj ET Q q 0 0 0 rg BT 79.55 726.10 Td (following ) Tj ET Q q 0 0 0 rg BT 120.93 726.10 Td (table ) Tj ET Q q 0 0 0 rg BT 142.87 726.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 193.13 726.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 225.62 726.10 Td (and ) Tj ET Q q 0 0 0 rg BT 242.56 726.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 275.59 726.10 Td (information ) Tj ET Q q 0 0 0 rg BT 325.30 726.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.13 726.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.85 726.10 Td (options ) Tj ET Q q 0 0 0 rg BT 382.80 726.10 Td (under ) Tj ET Q q 0 0 0 rg BT 408.07 726.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.78 726.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 445.28 726.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 470.56 726.10 Td (Option ) Tj ET Q q 0 0 0 rg BT 500.84 726.10 Td (Plan:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 642.60 151.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 201.00 642.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.00 642.60 56.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 642.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 642.60 56.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 642.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.00 642.60 56.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 642.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 642.60 56.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 642.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 642.60 56.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 642.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 642.60 57.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 603.60 151.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 201.00 603.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.00 603.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 603.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 603.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 603.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.00 603.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 603.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 603.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 603.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 603.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 603.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 603.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 575.60 151.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 201.00 575.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.00 575.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 575.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 575.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 575.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.00 575.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 575.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 575.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 575.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 575.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 575.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 575.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 547.60 151.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 201.00 547.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.00 547.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 547.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 547.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 547.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.00 547.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 547.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 547.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 547.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 547.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 547.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 547.60 57.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 703.6 m 261 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 703.6 m 265 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 703.6 m 321 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 703.6 m 325 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325 703.6 m 381 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 703.6 m 385 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 703.6 m 441 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 703.6 m 445 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 703.6 m 501 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 703.6 m 505 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 703.6 m 562 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 703.6 m 261 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 691.6 m 261 691.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 691.6 m 265 691.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 691.6 m 321 691.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325 703.6 m 381 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325 691.6 m 381 691.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 691.6 m 385 691.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 691.6 m 441 691.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 703.6 m 501 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 691.6 m 501 691.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 691.6 m 505 691.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 691.6 m 562 691.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 655.6 m 261 655.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 655.6 m 321 655.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325 655.6 m 381 655.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 655.6 m 441 655.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 655.6 m 501 655.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 655.6 m 562 655.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 561.6 m 261 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325 561.6 m 381 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 561.6 m 501 561.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.95 707.68 Td (As of December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 695.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 254.50 695.68 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.50 695.68 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.00 695.68 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 659.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 221.00 659.83 Td (Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 276.25 683.68 Td (W) Tj ET Q q 0 0 0 rg BT 283.81 683.68 Td (eighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.55 675.68 Td (A) Tj ET Q q 0 0 0 rg BT 283.73 675.68 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.10 667.68 Td (Exer) Tj ET Q q 0 0 0 rg BT 294.39 667.68 Td (cise) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.60 659.68 Td (Price) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.00 659.83 Td (Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.25 683.68 Td (W) Tj ET Q q 0 0 0 rg BT 403.81 683.68 Td (eighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.55 675.68 Td (A) Tj ET Q q 0 0 0 rg BT 403.73 675.68 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.10 667.68 Td (Exer) Tj ET Q q 0 0 0 rg BT 414.39 667.68 Td (cise) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 403.60 659.68 Td (Price) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.00 659.83 Td (Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.75 683.68 Td (W) Tj ET Q q 0 0 0 rg BT 524.31 683.68 Td (eighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.05 675.68 Td (A) Tj ET Q q 0 0 0 rg BT 524.23 675.68 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.60 667.68 Td (Exer) Tj ET Q q 0 0 0 rg BT 534.89 667.68 Td (cise) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.10 659.68 Td (Price) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 646.33 Td (2014 Stock Option Plan) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.10 646.83 Td (\(in thousands, except per share amounts\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 633.17 Td (Outstanding at the beginning of the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 623.17 Td (year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.65 622.27 Td (1,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.50 622.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 622.27 Td (21.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 622.27 Td (1,113) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 622.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 622.27 Td (21.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 622.27 Td (1,686) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.50 622.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 622.27 Td (20.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 608.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.15 608.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.50 608.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 608.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 608.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 608.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 608.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 608.17 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.50 608.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 608.17 Td (20.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 594.17 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.15 594.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.50 594.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 594.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.80 594.22 Td (\(13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.15 594.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 594.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 594.17 Td (11.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.80 594.22 Td (\(532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 594.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.50 594.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 594.17 Td (18.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 580.17 Td (Expired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.80 580.17 Td (\(20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.15 580.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.50 580.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 580.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 580.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 580.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 580.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.80 580.22 Td (\(66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 580.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.50 580.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 580.17 Td (20.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 566.17 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.15 566.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.50 566.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 566.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 566.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 566.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 566.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 566.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.50 566.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 566.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 552.17 Td (Outstanding at the end of the year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.65 552.17 Td (1,080) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.50 552.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 552.17 Td (21.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 552.17 Td (1,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 552.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 552.17 Td (21.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 552.17 Td (1,113) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.50 552.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 552.17 Td (21.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 538.17 Td (Options exercisable at year end) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.65 538.17 Td (1,080) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.50 538.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 538.17 Td (21.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 538.17 Td (1,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 538.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 538.17 Td (21.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 538.17 Td (1,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.50 538.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 538.17 Td (21.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 524.17 Td (Options available for future grant) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.65 524.17 Td (4,003) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 524.17 Td (5,652) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 524.17 Td (6,548) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 510.50 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 498.50 Td (As ) Tj ET Q q 0 0 0 rg BT 73.11 498.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.93 498.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 144.51 498.50 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.51 498.50 Td (, ) Tj ET Q q 0 0 0 rg BT 170.50 498.50 Td (options ) Tj ET Q q 0 0 0 rg BT 203.44 498.50 Td (for ) Tj ET Q q 0 0 0 rg BT 218.60 498.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 247.08 498.50 Td (were ) Tj ET Q q 0 0 0 rg BT 270.00 498.50 Td (in ) Tj ET Q q 0 0 0 rg BT 281.28 498.50 Td (the ) Tj ET Q q 0 0 0 rg BT 296.99 498.50 Td (following ) Tj ET Q q 0 0 0 rg BT 339.37 498.50 Td (price ) Tj ET Q q 0 0 0 rg BT 362.85 498.50 Td (ranges ) Tj ET Q q 0 0 0 rg BT 392.44 498.50 Td (\(in ) Tj ET Q q 0 0 0 rg BT 407.04 498.50 Td (thousands, ) Tj ET Q q 0 0 0 rg BT 453.03 498.50 Td (except ) Tj ET Q q 0 0 0 rg BT 482.62 498.50 Td (years ) Tj ET Q q 0 0 0 rg BT 507.21 498.50 Td (and ) Tj ET Q q 0 0 0 rg BT 525.15 498.50 Td (per ) Tj ET Q q 0 0 0 rg BT 541.41 498.50 Td (share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.50 Td (amounts\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 433.00 123.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 173.00 433.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 177.00 433.00 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.00 433.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.00 433.00 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 433.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.00 433.00 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 433.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 433.00 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 433.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 433.00 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 405.00 123.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 173.00 405.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 177.00 405.00 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.00 405.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.00 405.00 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 405.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.00 405.00 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 405.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 405.00 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 405.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 405.00 74.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 453 m 250 453 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 453 m 254 453 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 453 m 328 453 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 453 m 484 453 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 453 m 488 453 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 453 m 562 453 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 433 m 250 433 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 433 m 328 433 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332 433 m 406 433 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 433 m 484 433 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 433 m 562 433 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 405 m 250 405 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 405 m 484 405 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 392 m 250 392 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 390 m 250 390 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 392 m 484 392 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 390 m 484 390 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 390 m 250 390 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 392 m 250 392 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 390 m 484 390 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 392 m 484 392 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.25 468.08 Td (W) Tj ET Q q 0 0 0 rg BT 359.81 468.08 Td (eighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.55 460.08 Td (A) Tj ET Q q 0 0 0 rg BT 359.73 460.08 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.80 452.08 Td (Remaining) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 339.90 444.08 Td (ContractualLife) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.25 436.08 Td (\(Y) Tj ET Q q 0 0 0 rg BT 363.80 436.08 Td (ears\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 457.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 216.05 457.23 Td (OptionsOutstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.20 457.23 Td (Options Exercisable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 437.23 Td (Exercise Price Range) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 194.50 445.08 Td (Number) Tj ET Q q 0 0 0 rg BT 222.80 445.08 Td (of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.50 437.08 Td (Shar) Tj ET Q q 0 0 0 rg BT 217.80 437.08 Td (es) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 259.55 445.08 Td (W) Tj ET Q q 0 0 0 rg BT 267.11 445.08 Td (eighted) Tj ET Q q 0 0 0 rg BT 293.55 445.08 Td (A) Tj ET Q q 0 0 0 rg BT 298.74 445.08 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.25 437.08 Td (Exer) Tj ET Q q 0 0 0 rg BT 282.54 437.08 Td (cise Price) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.00 445.08 Td (Number) Tj ET Q q 0 0 0 rg BT 456.30 445.08 Td (of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.00 437.08 Td (Shar) Tj ET Q q 0 0 0 rg BT 451.30 437.08 Td (es) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.55 445.08 Td (W) Tj ET Q q 0 0 0 rg BT 501.11 445.08 Td (eighted) Tj ET Q q 0 0 0 rg BT 527.55 445.08 Td (A) Tj ET Q q 0 0 0 rg BT 532.74 445.08 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.25 437.08 Td (Exer) Tj ET Q q 0 0 0 rg BT 516.54 437.08 Td (cise Price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 423.57 Td ($20.52 $20.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.15 423.57 Td (850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.50 423.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.65 423.57 Td (20.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.25 423.57 Td (0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 423.57 Td (850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.50 423.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 423.57 Td (20.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 409.57 Td ($23.30 $24.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.15 409.57 Td (230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.50 409.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.65 409.57 Td (24.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.25 409.57 Td (1.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 409.57 Td (230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.50 409.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 409.57 Td (24.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.65 395.57 Td (1,080) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 395.57 Td (1,080) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 179.50 387.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 412.50 387.81 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 368.50 Td (The ) Tj ET Q q 0 0 0 rg BT 76.76 368.50 Td (total ) Tj ET Q q 0 0 0 rg BT 97.25 368.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 117.73 368.50 Td (received ) Tj ET Q q 0 0 0 rg BT 154.31 368.50 Td (from ) Tj ET Q q 0 0 0 rg BT 176.46 368.50 Td (the ) Tj ET Q q 0 0 0 rg BT 191.39 368.50 Td (exercise ) Tj ET Q q 0 0 0 rg BT 226.86 368.50 Td (of ) Tj ET Q q 0 0 0 rg BT 237.90 368.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 261.72 368.50 Td (options ) Tj ET Q q 0 0 0 rg BT 293.89 368.50 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 368.50 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.36 368.50 Td (, ) Tj ET Q q 0 0 0 rg BT 334.57 368.50 Td (less ) Tj ET Q q 0 0 0 rg BT 352.29 368.50 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.22 368.50 Td ($1 ) Tj ET Q q 0 0 0 rg BT 384.93 368.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.82 368.50 Td ( ) Tj ET Q q 0 0 0 rg BT 416.54 368.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.69 368.50 Td ($10 ) Tj ET Q q 0 0 0 rg BT 451.40 368.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.29 368.50 Td (, ) Tj ET Q q 0 0 0 rg BT 485.51 368.50 Td (for ) Tj ET Q q 0 0 0 rg BT 499.88 368.50 Td (the ) Tj ET Q q 0 0 0 rg BT 514.81 368.50 Td (years ) Tj ET Q q 0 0 0 rg BT 538.63 368.50 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.29 356.50 Td (2016, ) Tj ET Q q 0 0 0 rg BT 133.50 356.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 156.21 356.50 Td (and ) Tj ET Q q 0 0 0 rg BT 173.35 356.50 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.35 356.50 Td (, ) Tj ET Q q 0 0 0 rg BT 198.56 356.50 Td (respectively) Tj ET Q q 0 0 0 rg BT 246.22 356.50 Td (. ) Tj ET Q q 0 0 0 rg BT 251.23 356.50 Td (The ) Tj ET Q q 0 0 0 rg BT 269.49 356.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 284.41 356.50 Td (benefits ) Tj ET Q q 0 0 0 rg BT 318.77 356.50 Td (related ) Tj ET Q q 0 0 0 rg BT 348.68 356.50 Td (to ) Tj ET Q q 0 0 0 rg BT 359.17 356.50 Td (the ) Tj ET Q q 0 0 0 rg BT 374.09 356.50 Td (exercise ) Tj ET Q q 0 0 0 rg BT 409.56 356.50 Td (of ) Tj ET Q q 0 0 0 rg BT 420.59 356.50 Td (the ) Tj ET Q q 0 0 0 rg BT 435.52 356.50 Td (non-qualified ) Tj ET Q q 0 0 0 rg BT 492.10 356.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 515.91 356.50 Td (options ) Tj ET Q q 0 0 0 rg BT 548.07 356.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.50 Td (the ) Tj ET Q q 0 0 0 rg BT 64.42 344.50 Td (vesting ) Tj ET Q q 0 0 0 rg BT 96.00 344.50 Td (of ) Tj ET Q q 0 0 0 rg BT 107.03 344.50 Td (the ) Tj ET Q q 0 0 0 rg BT 121.95 344.50 Td (restricted ) Tj ET Q q 0 0 0 rg BT 161.85 344.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 185.66 344.50 Td (award ) Tj ET Q q 0 0 0 rg BT 212.79 344.50 Td (were ) Tj ET Q q 0 0 0 rg BT 234.92 344.50 Td (not ) Tj ET Q q 0 0 0 rg BT 250.40 344.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 296.96 344.50 Td (during ) Tj ET Q q 0 0 0 rg BT 325.77 344.50 Td (the ) Tj ET Q q 0 0 0 rg BT 340.69 344.50 Td (years ) Tj ET Q q 0 0 0 rg BT 364.49 344.50 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.06 344.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 449.85 344.50 Td (2016, ) Tj ET Q q 0 0 0 rg BT 475.05 344.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 497.75 344.50 Td (and ) Tj ET Q q 0 0 0 rg BT 514.89 344.50 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.89 344.50 Td ( ) Tj ET Q q 0 0 0 rg BT 537.59 344.50 Td (due ) Tj ET Q q 0 0 0 rg BT 554.72 344.50 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.50 Td (our ) Tj ET Q q 0 0 0 rg BT 65.61 332.50 Td (NOLs. ) Tj ET Q q 0 0 0 rg BT 95.13 332.50 Td (When ) Tj ET Q q 0 0 0 rg BT 121.79 332.50 Td (the ) Tj ET Q q 0 0 0 rg BT 136.79 332.50 Td (NOLs ) Tj ET Q q 0 0 0 rg BT 164.01 332.50 Td (have ) Tj ET Q q 0 0 0 rg BT 185.67 332.50 Td (been ) Tj ET Q q 0 0 0 rg BT 207.32 332.50 Td (fully ) Tj ET Q q 0 0 0 rg BT 228.99 332.50 Td (utilized ) Tj ET Q q 0 0 0 rg BT 261.76 332.50 Td (by ) Tj ET Q q 0 0 0 rg BT 274.54 332.50 Td (us, ) Tj ET Q q 0 0 0 rg BT 288.71 332.50 Td (we ) Tj ET Q q 0 0 0 rg BT 303.15 332.50 Td (will ) Tj ET Q q 0 0 0 rg BT 321.49 332.50 Td (recognize ) Tj ET Q q 0 0 0 rg BT 363.13 332.50 Td (a ) Tj ET Q q 0 0 0 rg BT 370.35 332.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 385.34 332.50 Td (benefit ) Tj ET Q q 0 0 0 rg BT 415.89 332.50 Td (and ) Tj ET Q q 0 0 0 rg BT 433.10 332.50 Td (an ) Tj ET Q q 0 0 0 rg BT 445.32 332.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 480.86 332.50 Td (in ) Tj ET Q q 0 0 0 rg BT 491.41 332.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 534.18 332.50 Td (paid-in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 79.43 320.50 Td (for ) Tj ET Q q 0 0 0 rg BT 94.36 320.50 Td (the ) Tj ET Q q 0 0 0 rg BT 109.85 320.50 Td (excess ) Tj ET Q q 0 0 0 rg BT 139.23 320.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 154.72 320.50 Td (deductions ) Tj ET Q q 0 0 0 rg BT 201.32 320.50 Td (received ) Tj ET Q q 0 0 0 rg BT 238.46 320.50 Td (on ) Tj ET Q q 0 0 0 rg BT 251.73 320.50 Td (the ) Tj ET Q q 0 0 0 rg BT 267.23 320.50 Td (exercised ) Tj ET Q q 0 0 0 rg BT 308.25 320.50 Td (non-qualified ) Tj ET Q q 0 0 0 rg BT 365.40 320.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 389.79 320.50 Td (options ) Tj ET Q q 0 0 0 rg BT 422.51 320.50 Td (and ) Tj ET Q q 0 0 0 rg BT 440.22 320.50 Td (vested ) Tj ET Q q 0 0 0 rg BT 469.05 320.50 Td (restricted ) Tj ET Q q 0 0 0 rg BT 509.52 320.50 Td (stock. ) Tj ET Q q 0 0 0 rg BT 536.41 320.50 Td (Future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.50 Td (realization ) Tj ET Q q 0 0 0 rg BT 93.94 308.50 Td (of ) Tj ET Q q 0 0 0 rg BT 104.51 308.50 Td (the ) Tj ET Q q 0 0 0 rg BT 118.97 308.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 133.43 308.50 Td (benefit ) Tj ET Q q 0 0 0 rg BT 163.43 308.50 Td (will ) Tj ET Q q 0 0 0 rg BT 181.23 308.50 Td (be ) Tj ET Q q 0 0 0 rg BT 192.91 308.50 Td (presented ) Tj ET Q q 0 0 0 rg BT 233.46 308.50 Td (in ) Tj ET Q q 0 0 0 rg BT 243.48 308.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 263.49 308.50 Td (flows ) Tj ET Q q 0 0 0 rg BT 287.96 308.50 Td (from ) Tj ET Q q 0 0 0 rg BT 309.64 308.50 Td (financing ) Tj ET Q q 0 0 0 rg BT 349.64 308.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 387.98 308.50 Td (in ) Tj ET Q q 0 0 0 rg BT 398.00 308.50 Td (the ) Tj ET Q q 0 0 0 rg BT 412.46 308.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 465.24 308.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 509.70 308.50 Td (of ) Tj ET Q q 0 0 0 rg BT 520.27 308.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 540.28 308.50 Td (flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.50 Td (in ) Tj ET Q q 0 0 0 rg BT 60.59 296.50 Td (the ) Tj ET Q q 0 0 0 rg BT 76.12 296.50 Td (period ) Tj ET Q q 0 0 0 rg BT 104.99 296.50 Td (the ) Tj ET Q q 0 0 0 rg BT 120.52 296.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 136.05 296.50 Td (benefit ) Tj ET Q q 0 0 0 rg BT 167.13 296.50 Td (is ) Tj ET Q q 0 0 0 rg BT 177.11 296.50 Td (recognized. ) Tj ET Q q 0 0 0 rg BT 226.79 296.50 Td (Previously ) Tj ET Q q 0 0 0 rg BT 272.88 296.50 Td (recorded ) Tj ET Q q 0 0 0 rg BT 311.17 296.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 326.70 296.50 Td (benefits ) Tj ET Q q 0 0 0 rg BT 361.67 296.50 Td (that ) Tj ET Q q 0 0 0 rg BT 379.98 296.50 Td (are ) Tj ET Q q 0 0 0 rg BT 395.50 296.50 Td (in ) Tj ET Q q 0 0 0 rg BT 406.59 296.50 Td (excess ) Tj ET Q q 0 0 0 rg BT 436.01 296.50 Td (of ) Tj ET Q q 0 0 0 rg BT 447.65 296.50 Td (the ) Tj ET Q q 0 0 0 rg BT 463.18 296.50 Td (realized ) Tj ET Q q 0 0 0 rg BT 498.14 296.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 513.67 296.50 Td (benefit ) Tj ET Q q 0 0 0 rg BT 544.75 296.50 Td (on ) Tj ET Q q 0 0 0 rg BT 558.06 296.50 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.50 Td (particular ) Tj ET Q q 0 0 0 rg BT 89.36 284.50 Td (non-qualified ) Tj ET Q q 0 0 0 rg BT 144.78 284.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 167.44 284.50 Td (option ) Tj ET Q q 0 0 0 rg BT 194.54 284.50 Td (or ) Tj ET Q q 0 0 0 rg BT 204.42 284.50 Td (restricted ) Tj ET Q q 0 0 0 rg BT 243.18 284.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 265.83 284.50 Td (are ) Tj ET Q q 0 0 0 rg BT 279.59 284.50 Td (recorded ) Tj ET Q q 0 0 0 rg BT 316.11 284.50 Td (as ) Tj ET Q q 0 0 0 rg BT 325.99 284.50 Td (an ) Tj ET Q q 0 0 0 rg BT 336.98 284.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 371.29 284.50 Td (to ) Tj ET Q q 0 0 0 rg BT 380.61 284.50 Td (income ) Tj ET Q q 0 0 0 rg BT 411.60 284.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 425.36 284.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 459.12 284.50 Td (since ) Tj ET Q q 0 0 0 rg BT 481.21 284.50 Td (there ) Tj ET Q q 0 0 0 rg BT 502.75 284.50 Td (is ) Tj ET Q q 0 0 0 rg BT 510.97 284.50 Td (no ) Tj ET Q q 0 0 0 rg BT 522.52 284.50 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.50 Td (paid-in ) Tj ET Q q 0 0 0 rg BT 80.33 272.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 109.48 272.50 Td (pool ) Tj ET Q q 0 0 0 rg BT 129.75 272.50 Td (available ) Tj ET Q q 0 0 0 rg BT 168.34 272.50 Td (to ) Tj ET Q q 0 0 0 rg BT 178.62 272.50 Td (of) Tj ET Q q 0 0 0 rg BT 186.77 272.50 Td (fset ) Tj ET Q q 0 0 0 rg BT 203.71 272.50 Td (these ) Tj ET Q q 0 0 0 rg BT 226.76 272.50 Td (reduced ) Tj ET Q q 0 0 0 rg BT 260.90 272.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 275.62 272.50 Td (benefits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 254.50 Td (The ) Tj ET Q q 0 0 0 rg BT 75.77 254.50 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 116.36 254.50 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 150.87 254.50 Td (value ) Tj ET Q q 0 0 0 rg BT 174.25 254.50 Td (as ) Tj ET Q q 0 0 0 rg BT 184.31 254.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.36 254.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 252.17 254.50 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.17 254.50 Td ( ) Tj ET Q q 0 0 0 rg BT 273.90 254.50 Td (for ) Tj ET Q q 0 0 0 rg BT 287.29 254.50 Td (options ) Tj ET Q q 0 0 0 rg BT 318.47 254.50 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 365.16 254.50 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.44 254.50 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.44 254.50 Td ( ) Tj ET Q q 0 0 0 rg BT 394.17 254.50 Td (for ) Tj ET Q q 0 0 0 rg BT 407.56 254.50 Td (options ) Tj ET Q q 0 0 0 rg BT 438.73 254.50 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 487.13 254.50 Td (and ) Tj ET Q q 0 0 0 rg BT 503.29 254.50 Td (options ) Tj ET Q q 0 0 0 rg BT 534.47 254.50 Td (vested. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 242.50 Td (All ) Tj ET Q q 0 0 0 rg BT 64.05 242.50 Td (options ) Tj ET Q q 0 0 0 rg BT 95.27 242.50 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 143.71 242.50 Td (as ) Tj ET Q q 0 0 0 rg BT 153.81 242.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.91 242.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 221.77 242.50 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.77 242.50 Td ( ) Tj ET Q q 0 0 0 rg BT 243.54 242.50 Td (are ) Tj ET Q q 0 0 0 rg BT 257.52 242.50 Td (fully ) Tj ET Q q 0 0 0 rg BT 278.18 242.50 Td (vested. ) Tj ET Q q 0 0 0 rg BT 307.87 242.50 Td (The ) Tj ET Q q 0 0 0 rg BT 325.19 242.50 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 365.83 242.50 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 400.37 242.50 Td (value ) Tj ET Q q 0 0 0 rg BT 423.80 242.50 Td (represents ) Tj ET Q q 0 0 0 rg BT 466.11 242.50 Td (the ) Tj ET Q q 0 0 0 rg BT 480.10 242.50 Td (total ) Tj ET Q q 0 0 0 rg BT 499.65 242.50 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 529.73 242.50 Td (intrinsic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 230.50 Td (value ) Tj ET Q q 0 0 0 rg BT 74.37 230.50 Td (\(the ) Tj ET Q q 0 0 0 rg BT 93.13 230.50 Td (dif) Tj ET Q q 0 0 0 rg BT 104.06 230.50 Td (ference ) Tj ET Q q 0 0 0 rg BT 136.69 230.50 Td (between ) Tj ET Q q 0 0 0 rg BT 173.22 230.50 Td (the ) Tj ET Q q 0 0 0 rg BT 188.65 230.50 Td (closing ) Tj ET Q q 0 0 0 rg BT 220.75 230.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 245.08 230.50 Td (price ) Tj ET Q q 0 0 0 rg BT 268.28 230.50 Td (on ) Tj ET Q q 0 0 0 rg BT 281.49 230.50 Td (the ) Tj ET Q q 0 0 0 rg BT 296.93 230.50 Td (last ) Tj ET Q q 0 0 0 rg BT 314.03 230.50 Td (trading ) Tj ET Q q 0 0 0 rg BT 345.57 230.50 Td (day ) Tj ET Q q 0 0 0 rg BT 363.22 230.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.77 230.50 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.77 230.50 Td ( ) Tj ET Q q 0 0 0 rg BT 397.98 230.50 Td (and ) Tj ET Q q 0 0 0 rg BT 415.64 230.50 Td (the ) Tj ET Q q 0 0 0 rg BT 431.07 230.50 Td (exercise ) Tj ET Q q 0 0 0 rg BT 467.04 230.50 Td (price, ) Tj ET Q q 0 0 0 rg BT 492.74 230.50 Td (multiplied ) Tj ET Q q 0 0 0 rg BT 537.06 230.50 Td (by ) Tj ET Q q 0 0 0 rg BT 550.28 230.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 218.50 Td (number ) Tj ET Q q 0 0 0 rg BT 81.82 218.50 Td (of ) Tj ET Q q 0 0 0 rg BT 91.92 218.50 Td (in-the-money ) Tj ET Q q 0 0 0 rg BT 147.57 218.50 Td (options\) ) Tj ET Q q 0 0 0 rg BT 182.12 218.50 Td (that ) Tj ET Q q 0 0 0 rg BT 198.89 218.50 Td (would ) Tj ET Q q 0 0 0 rg BT 225.67 218.50 Td (have ) Tj ET Q q 0 0 0 rg BT 246.32 218.50 Td (been ) Tj ET Q q 0 0 0 rg BT 266.97 218.50 Td (received ) Tj ET Q q 0 0 0 rg BT 302.60 218.50 Td (by ) Tj ET Q q 0 0 0 rg BT 314.38 218.50 Td (the ) Tj ET Q q 0 0 0 rg BT 328.37 218.50 Td (option ) Tj ET Q q 0 0 0 rg BT 355.70 218.50 Td (holders ) Tj ET Q q 0 0 0 rg BT 386.91 218.50 Td (had ) Tj ET Q q 0 0 0 rg BT 403.12 218.50 Td (all ) Tj ET Q q 0 0 0 rg BT 414.89 218.50 Td (option ) Tj ET Q q 0 0 0 rg BT 442.22 218.50 Td (holders ) Tj ET Q q 0 0 0 rg BT 473.44 218.50 Td (exercised ) Tj ET Q q 0 0 0 rg BT 512.96 218.50 Td (their ) Tj ET Q q 0 0 0 rg BT 533.06 218.50 Td (options ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 206.50 Td (on ) Tj ET Q q 0 0 0 rg BT 62.05 206.50 Td (the ) Tj ET Q q 0 0 0 rg BT 76.82 206.50 Td (last ) Tj ET Q q 0 0 0 rg BT 93.26 206.50 Td (trading ) Tj ET Q q 0 0 0 rg BT 124.14 206.50 Td (day ) Tj ET Q q 0 0 0 rg BT 141.14 206.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.02 206.50 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.02 206.50 Td ( ) Tj ET Q q 0 0 0 rg BT 174.57 206.50 Td (\(December30, ) Tj ET Q q 0 0 0 rg BT 236.54 206.50 Td (2016\). ) Tj ET Q q 0 0 0 rg BT 264.74 206.50 Td (The ) Tj ET Q q 0 0 0 rg BT 282.84 206.50 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 318.17 206.50 Td (value ) Tj ET Q q 0 0 0 rg BT 342.38 206.50 Td (changes ) Tj ET Q q 0 0 0 rg BT 377.14 206.50 Td (based ) Tj ET Q q 0 0 0 rg BT 402.46 206.50 Td (on ) Tj ET Q q 0 0 0 rg BT 415.01 206.50 Td (the ) Tj ET Q q 0 0 0 rg BT 429.78 206.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 446.21 206.50 Td (market ) Tj ET Q q 0 0 0 rg BT 476.53 206.50 Td (value ) Tj ET Q q 0 0 0 rg BT 500.74 206.50 Td (of ) Tj ET Q q 0 0 0 rg BT 511.63 206.50 Td (our ) Tj ET Q q 0 0 0 rg BT 527.51 206.50 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 194.50 Td (stock. ) Tj ET Q q 0 0 0 rg BT 75.33 194.50 Td (The ) Tj ET Q q 0 0 0 rg BT 93.28 194.50 Td (total ) Tj ET Q q 0 0 0 rg BT 113.45 194.50 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 148.62 194.50 Td (value ) Tj ET Q q 0 0 0 rg BT 172.68 194.50 Td (of ) Tj ET Q q 0 0 0 rg BT 183.41 194.50 Td (options ) Tj ET Q q 0 0 0 rg BT 215.25 194.50 Td (exercised ) Tj ET Q q 0 0 0 rg BT 255.41 194.50 Td (for ) Tj ET Q q 0 0 0 rg BT 269.47 194.50 Td (the ) Tj ET Q q 0 0 0 rg BT 284.08 194.50 Td (years ) Tj ET Q q 0 0 0 rg BT 307.58 194.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 333.86 194.50 Td (as ) Tj ET Q q 0 0 0 rg BT 344.58 194.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.31 194.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 413.80 194.50 Td (2016, ) Tj ET Q q 0 0 0 rg BT 438.70 194.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 461.09 194.50 Td (and ) Tj ET Q q 0 0 0 rg BT 477.93 194.50 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.93 194.50 Td ( ) Tj ET Q q 0 0 0 rg BT 500.33 194.50 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.28 194.50 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.28 194.50 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.18 194.50 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.18 194.50 Td (, ) Tj ET Q q 0 0 0 rg BT 548.08 194.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 182.50 Td ($1 ) Tj ET Q q 0 0 0 rg BT 62.00 182.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.89 182.50 Td (, ) Tj ET Q q 0 0 0 rg BT 95.89 182.50 Td (respectively) Tj ET Q q 0 0 0 rg BT 143.55 182.50 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 164.50 Td (As ) Tj ET Q q 0 0 0 rg BT 71.33 164.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.38 164.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 139.19 164.50 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.19 164.50 Td (, ) Tj ET Q q 0 0 0 rg BT 163.41 164.50 Td (there ) Tj ET Q q 0 0 0 rg BT 185.11 164.50 Td (were ) Tj ET Q q 0 0 0 rg BT 206.26 164.50 Td (options ) Tj ET Q q 0 0 0 rg BT 237.43 164.50 Td (to ) Tj ET Q q 0 0 0 rg BT 246.93 164.50 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.19 164.50 Td (1 ) Tj ET Q q 0 0 0 rg BT 290.91 164.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.80 164.50 Td ( ) Tj ET Q q 0 0 0 rg BT 321.52 164.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 348.23 164.50 Td (of ) Tj ET Q q 0 0 0 rg BT 358.28 164.50 Td (common ) Tj ET Q q 0 0 0 rg BT 395.00 164.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 417.82 164.50 Td (that ) Tj ET Q q 0 0 0 rg BT 434.54 164.50 Td (had ) Tj ET Q q 0 0 0 rg BT 450.70 164.50 Td (vested ) Tj ET Q q 0 0 0 rg BT 477.96 164.50 Td (at ) Tj ET Q q 0 0 0 rg BT 486.90 164.50 Td (a ) Tj ET Q q 0 0 0 rg BT 493.06 164.50 Td (weighted ) Tj ET Q q 0 0 0 rg BT 531.44 164.50 Td (average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 152.50 Td (exercise ) Tj ET Q q 0 0 0 rg BT 84.75 152.50 Td (price ) Tj ET Q q 0 0 0 rg BT 107.24 152.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.07 152.50 Td ($21.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.57 152.50 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 117.50 Td (NOTE18.COMMITMENTS ) Tj ET Q q 0 0 0 rg BT 177.29 117.50 Td (AND CONTINGENCIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 99.50 Td (W) Tj ET Q q 0 0 0 rg BT 70.14 99.50 Td (e ) Tj ET Q q 0 0 0 rg BT 77.01 99.50 Td (and/or ) Tj ET Q q 0 0 0 rg BT 105.00 99.50 Td (our ) Tj ET Q q 0 0 0 rg BT 120.76 99.50 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 170.42 99.50 Td (are ) Tj ET Q q 0 0 0 rg BT 185.06 99.50 Td (party ) Tj ET Q q 0 0 0 rg BT 208.04 99.50 Td (to ) Tj ET Q q 0 0 0 rg BT 218.26 99.50 Td (a ) Tj ET Q q 0 0 0 rg BT 225.13 99.50 Td (number ) Tj ET Q q 0 0 0 rg BT 258.12 99.50 Td (of ) Tj ET Q q 0 0 0 rg BT 268.88 99.50 Td (claims, ) Tj ET Q q 0 0 0 rg BT 299.92 99.50 Td (lawsuits ) Tj ET Q q 0 0 0 rg BT 335.14 99.50 Td (and ) Tj ET Q q 0 0 0 rg BT 352.01 99.50 Td (pending ) Tj ET Q q 0 0 0 rg BT 386.67 99.50 Td (actions, ) Tj ET Q q 0 0 0 rg BT 419.93 99.50 Td (most ) Tj ET Q q 0 0 0 rg BT 441.81 99.50 Td (of ) Tj ET Q q 0 0 0 rg BT 452.58 99.50 Td (which ) Tj ET Q q 0 0 0 rg BT 479.45 99.50 Td (are ) Tj ET Q q 0 0 0 rg BT 494.10 99.50 Td (routine ) Tj ET Q q 0 0 0 rg BT 524.86 99.50 Td (and ) Tj ET Q q 0 0 0 rg BT 541.73 99.50 Td (all ) Tj ET Q q 0 0 0 rg BT 554.17 99.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 87.50 Td (which ) Tj ET Q q 0 0 0 rg BT 75.57 87.50 Td (are ) Tj ET Q q 0 0 0 rg BT 89.42 87.50 Td (incidental ) Tj ET Q q 0 0 0 rg BT 130.48 87.50 Td (to ) Tj ET Q q 0 0 0 rg BT 139.89 87.50 Td (our ) Tj ET Q q 0 0 0 rg BT 154.86 87.50 Td (business. ) Tj ET Q q 0 0 0 rg BT 192.76 87.50 Td (W) Tj ET Q q 0 0 0 rg BT 201.40 87.50 Td (e ) Tj ET Q q 0 0 0 rg BT 207.48 87.50 Td (assess ) Tj ET Q q 0 0 0 rg BT 233.55 87.50 Td (the ) Tj ET Q q 0 0 0 rg BT 247.41 87.50 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 289.59 87.50 Td (of ) Tj ET Q q 0 0 0 rg BT 299.56 87.50 Td (potential ) Tj ET Q q 0 0 0 rg BT 336.18 87.50 Td (losses ) Tj ET Q q 0 0 0 rg BT 361.71 87.50 Td (on ) Tj ET Q q 0 0 0 rg BT 373.34 87.50 Td (an ) Tj ET Q q 0 0 0 rg BT 384.42 87.50 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 418.83 87.50 Td (basis ) Tj ET Q q 0 0 0 rg BT 440.46 87.50 Td (and ) Tj ET Q q 0 0 0 rg BT 456.54 87.50 Td (when ) Tj ET Q q 0 0 0 rg BT 479.83 87.50 Td (losses ) Tj ET Q q 0 0 0 rg BT 505.36 87.50 Td (are ) Tj ET Q q 0 0 0 rg BT 519.20 87.50 Td (considered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 75.50 Td (probable ) Tj ET Q q 0 0 0 rg BT 87.31 75.50 Td (and ) Tj ET Q q 0 0 0 rg BT 104.57 75.50 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 150.70 75.50 Td (estimable, ) Tj ET Q q 0 0 0 rg BT 194.34 75.50 Td (record ) Tj ET Q q 0 0 0 rg BT 222.70 75.50 Td (as ) Tj ET Q q 0 0 0 rg BT 233.85 75.50 Td (a ) Tj ET Q q 0 0 0 rg BT 241.11 75.50 Td (loss ) Tj ET Q q 0 0 0 rg BT 259.50 75.50 Td (an ) Tj ET Q q 0 0 0 rg BT 271.76 75.50 Td (estimate ) Tj ET Q q 0 0 0 rg BT 307.90 75.50 Td (of ) Tj ET Q q 0 0 0 rg BT 319.05 75.50 Td (the ) Tj ET Q q 0 0 0 rg BT 334.09 75.50 Td (outcome. ) Tj ET Q q 0 0 0 rg BT 373.84 75.50 Td (If ) Tj ET Q q 0 0 0 rg BT 383.32 75.50 Td (we ) Tj ET Q q 0 0 0 rg BT 397.81 75.50 Td (can ) Tj ET Q q 0 0 0 rg BT 414.50 75.50 Td (only ) Tj ET Q q 0 0 0 rg BT 435.10 75.50 Td (estimate ) Tj ET Q q 0 0 0 rg BT 471.25 75.50 Td (the ) Tj ET Q q 0 0 0 rg BT 486.28 75.50 Td (range ) Tj ET Q q 0 0 0 rg BT 511.31 75.50 Td (of ) Tj ET Q q 0 0 0 rg BT 522.46 75.50 Td (a ) Tj ET Q q 0 0 0 rg BT 529.72 75.50 Td (possible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 63.50 Td (loss, ) Tj ET Q q 0 0 0 rg BT 70.16 63.50 Td (an ) Tj ET Q q 0 0 0 rg BT 82.20 63.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 114.80 63.50 Td (representing ) Tj ET Q q 0 0 0 rg BT 166.83 63.50 Td (the ) Tj ET Q q 0 0 0 rg BT 181.64 63.50 Td (low ) Tj ET Q q 0 0 0 rg BT 199.25 63.50 Td (end ) Tj ET Q q 0 0 0 rg BT 216.29 63.50 Td (of ) Tj ET Q q 0 0 0 rg BT 227.22 63.50 Td (the ) Tj ET Q q 0 0 0 rg BT 242.04 63.50 Td (range ) Tj ET Q q 0 0 0 rg BT 266.84 63.50 Td (of ) Tj ET Q q 0 0 0 rg BT 277.78 63.50 Td (possible ) Tj ET Q q 0 0 0 rg BT 313.16 63.50 Td (outcomes ) Tj ET Q q 0 0 0 rg BT 354.08 63.50 Td (is ) Tj ET Q q 0 0 0 rg BT 363.35 63.50 Td (recorded. ) Tj ET Q q 0 0 0 rg BT 403.43 63.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 421.58 63.50 Td (assessments ) Tj ET Q q 0 0 0 rg BT 472.52 63.50 Td (are ) Tj ET Q q 0 0 0 rg BT 487.32 63.50 Td (based ) Tj ET Q q 0 0 0 rg BT 512.69 63.50 Td (on ) Tj ET Q q 0 0 0 rg BT 525.30 63.50 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 51.50 Td (and ) Tj ET Q q 0 0 0 rg BT 65.51 51.50 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 116.53 51.50 Td (that ) Tj ET Q q 0 0 0 rg BT 133.10 51.50 Td (have ) Tj ET Q q 0 0 0 rg BT 153.55 51.50 Td (been ) Tj ET Q q 0 0 0 rg BT 174.00 51.50 Td (deemed ) Tj ET Q q 0 0 0 rg BT 206.67 51.50 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 251.00 51.50 Td (by ) Tj ET Q q 0 0 0 rg BT 262.57 51.50 Td (management, ) Tj ET Q q 0 0 0 rg BT 317.74 51.50 Td (but ) Tj ET Q q 0 0 0 rg BT 332.09 51.50 Td (the ) Tj ET Q q 0 0 0 rg BT 345.88 51.50 Td (assessment ) Tj ET Q q 0 0 0 rg BT 391.89 51.50 Td (process ) Tj ET Q q 0 0 0 rg BT 423.45 51.50 Td (relies ) Tj ET Q q 0 0 0 rg BT 446.68 51.50 Td (on ) Tj ET Q q 0 0 0 rg BT 458.26 51.50 Td (estimates ) Tj ET Q q 0 0 0 rg BT 497.04 51.50 Td (and ) Tj ET Q q 0 0 0 rg BT 513.06 51.50 Td (assumptions ) Tj ET Q endstream endobj 217 0 obj <>] /Rotate 0 /Contents 218 0 R>> endobj 218 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 24.60 Td (108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 726.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.53 726.10 Td (may ) Tj ET Q q 0 0 0 rg BT 85.78 726.10 Td (prove ) Tj ET Q q 0 0 0 rg BT 110.59 726.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.40 726.10 Td (be ) Tj ET Q q 0 0 0 rg BT 131.87 726.10 Td (incomplete ) Tj ET Q q 0 0 0 rg BT 178.34 726.10 Td (or ) Tj ET Q q 0 0 0 rg BT 188.70 726.10 Td (inaccurate, ) Tj ET Q q 0 0 0 rg BT 234.32 726.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.79 726.10 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 306.69 726.10 Td (events ) Tj ET Q q 0 0 0 rg BT 334.27 726.10 Td (or ) Tj ET Q q 0 0 0 rg BT 344.64 726.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 403.32 726.10 Td (may ) Tj ET Q q 0 0 0 rg BT 422.57 726.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 446.81 726.10 Td (that ) Tj ET Q q 0 0 0 rg BT 463.84 726.10 Td (might ) Tj ET Q q 0 0 0 rg BT 489.21 726.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 513.45 726.10 Td (us ) Tj ET Q q 0 0 0 rg BT 524.38 726.10 Td (to ) Tj ET Q q 0 0 0 rg BT 534.19 726.10 Td (change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.10 Td (those ) Tj ET Q q 0 0 0 rg BT 73.17 714.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 112.94 714.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.93 714.10 Td (assumptions. ) Tj ET Q q 0 0 0 rg BT 184.26 714.10 Td (The ) Tj ET Q q 0 0 0 rg BT 202.36 714.10 Td (final ) Tj ET Q q 0 0 0 rg BT 223.25 714.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 280.78 714.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.67 714.10 Td (these ) Tj ET Q q 0 0 0 rg BT 314.77 714.10 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 365.65 714.10 Td (are ) Tj ET Q q 0 0 0 rg BT 380.41 714.10 Td (not ) Tj ET Q q 0 0 0 rg BT 395.75 714.10 Td (presently ) Tj ET Q q 0 0 0 rg BT 434.96 714.10 Td (determinable ) Tj ET Q q 0 0 0 rg BT 489.72 714.10 Td (with ) Tj ET Q q 0 0 0 rg BT 510.06 714.10 Td (certainty) Tj ET Q q 0 0 0 rg BT 544.39 714.10 Td (. ) Tj ET Q q 0 0 0 rg BT 551.38 714.10 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 702.10 Td (December ) Tj ET Q q 0 0 0 rg BT 103.91 702.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 118.91 702.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 141.41 702.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.35 702.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 183.35 702.10 Td (accruals ) Tj ET Q q 0 0 0 rg BT 218.61 702.10 Td (for ) Tj ET Q q 0 0 0 rg BT 232.77 702.10 Td (our ) Tj ET Q q 0 0 0 rg BT 248.60 702.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 266.66 702.10 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 324.14 702.10 Td (approximated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.62 702.10 Td ($1) Tj ET Q q 0 0 0 rg BT 391.25 702.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 398.75 702.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.64 702.10 Td ( ) Tj ET Q q 0 0 0 rg BT 430.14 702.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.08 702.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 459.58 702.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.47 702.10 Td (, ) Tj ET Q q 0 0 0 rg BT 493.47 702.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 541.13 702.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 684.10 Td (Envir) Tj ET Q q 0 0 0 rg BT 73.77 684.10 Td (onmental Matters ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 666.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 79.25 666.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 123.11 666.10 Td (are ) Tj ET Q q 0 0 0 rg BT 137.52 666.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 168.05 666.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.03 666.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 237.99 666.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 281.29 666.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 301.82 666.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.46 666.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 378.42 666.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 428.38 666.10 Td (laws. ) Tj ET Q q 0 0 0 rg BT 450.93 666.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 490.91 666.10 Td (our ) Tj ET Q q 0 0 0 rg BT 506.44 666.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 550.30 666.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.10 Td (occasionally ) Tj ET Q q 0 0 0 rg BT 102.04 654.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 132.93 654.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.26 654.10 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 194.14 654.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.14 654.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 238.69 654.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 281.79 654.10 Td (to ) Tj ET Q q 0 0 0 rg BT 292.13 654.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 334.14 654.10 Td (into ) Tj ET Q q 0 0 0 rg BT 352.25 654.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.03 654.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 420.13 654.10 Td (and ) Tj ET Q q 0 0 0 rg BT 437.13 654.10 Td (other ) Tj ET Q q 0 0 0 rg BT 460.24 654.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 520.56 654.10 Td (violations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.69 642.10 Td (may ) Tj ET Q q 0 0 0 rg BT 96.66 642.10 Td (result ) Tj ET Q q 0 0 0 rg BT 121.63 642.10 Td (in ) Tj ET Q q 0 0 0 rg BT 132.17 642.10 Td (fines, ) Tj ET Q q 0 0 0 rg BT 156.86 642.10 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 197.65 642.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 235.39 642.10 Td (or ) Tj ET Q q 0 0 0 rg BT 246.48 642.10 Td (other ) Tj ET Q q 0 0 0 rg BT 269.78 642.10 Td (sanctions, ) Tj ET Q q 0 0 0 rg BT 312.25 642.10 Td (we ) Tj ET Q q 0 0 0 rg BT 326.66 642.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 358.29 642.10 Td (that ) Tj ET Q q 0 0 0 rg BT 376.04 642.10 Td (we ) Tj ET Q q 0 0 0 rg BT 390.45 642.10 Td (are ) Tj ET Q q 0 0 0 rg BT 405.41 642.10 Td (in ) Tj ET Q q 0 0 0 rg BT 415.95 642.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 461.47 642.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 510.32 642.10 Td (with ) Tj ET Q q 0 0 0 rg BT 530.85 642.10 Td (existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 109.76 630.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 130.59 630.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.53 630.10 Td (regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 612.10 Td (W) Tj ET Q q 0 0 0 rg BT 70.14 612.10 Td (e ) Tj ET Q q 0 0 0 rg BT 76.04 612.10 Td (may ) Tj ET Q q 0 0 0 rg BT 94.73 612.10 Td (be ) Tj ET Q q 0 0 0 rg BT 105.63 612.10 Td (identified, ) Tj ET Q q 0 0 0 rg BT 147.92 612.10 Td (along ) Tj ET Q q 0 0 0 rg BT 171.60 612.10 Td (with ) Tj ET Q q 0 0 0 rg BT 190.84 612.10 Td (other ) Tj ET Q q 0 0 0 rg BT 212.86 612.10 Td (entities, ) Tj ET Q q 0 0 0 rg BT 245.71 612.10 Td (as ) Tj ET Q q 0 0 0 rg BT 255.50 612.10 Td (being ) Tj ET Q q 0 0 0 rg BT 279.19 612.10 Td (among ) Tj ET Q q 0 0 0 rg BT 307.87 612.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 335.99 612.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 380.23 612.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 427.24 612.10 Td (for ) Tj ET Q q 0 0 0 rg BT 440.36 612.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 490.71 612.10 Td (to ) Tj ET Q q 0 0 0 rg BT 499.96 612.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 521.42 612.10 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 600.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.96 600.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.87 600.10 Td (correction ) Tj ET Q q 0 0 0 rg BT 128.08 600.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.21 600.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 195.65 600.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.67 600.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 267.11 600.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 311.46 600.10 Td (at ) Tj ET Q q 0 0 0 rg BT 321.37 600.10 Td (disposal ) Tj ET Q q 0 0 0 rg BT 356.83 600.10 Td (sites ) Tj ET Q q 0 0 0 rg BT 377.29 600.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 408.30 600.10 Td (to ) Tj ET Q q 0 0 0 rg BT 418.77 600.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 449.21 600.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 477.44 600.10 Td (analogous ) Tj ET Q q 0 0 0 rg BT 520.67 600.10 Td (state ) Tj ET Q q 0 0 0 rg BT 541.68 600.10 Td (laws. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 588.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.13 588.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 89.63 588.10 Td (instances, ) Tj ET Q q 0 0 0 rg BT 131.08 588.10 Td (we ) Tj ET Q q 0 0 0 rg BT 145.04 588.10 Td (may ) Tj ET Q q 0 0 0 rg BT 164.55 588.10 Td (be ) Tj ET Q q 0 0 0 rg BT 176.29 588.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 211.35 588.10 Td (to ) Tj ET Q q 0 0 0 rg BT 221.43 588.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 242.06 588.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.80 588.10 Td (several ) Tj ET Q q 0 0 0 rg BT 289.41 588.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 328.92 588.10 Td (for ) Tj ET Q q 0 0 0 rg BT 342.88 588.10 Td (remedial ) Tj ET Q q 0 0 0 rg BT 380.16 588.10 Td (action ) Tj ET Q q 0 0 0 rg BT 406.89 588.10 Td (or ) Tj ET Q q 0 0 0 rg BT 417.52 588.10 Td (damages. ) Tj ET Q q 0 0 0 rg BT 457.30 588.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 475.15 588.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 508.56 588.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.63 588.10 Td (connection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 576.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.01 576.10 Td (such ) Tj ET Q q 0 0 0 rg BT 89.07 576.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 148.56 576.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 176.39 576.10 Td (will ) Tj ET Q q 0 0 0 rg BT 193.68 576.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 224.28 576.10 Td (on ) Tj ET Q q 0 0 0 rg BT 236.01 576.10 Td (many ) Tj ET Q q 0 0 0 rg BT 259.96 576.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 291.40 576.10 Td (including ) Tj ET Q q 0 0 0 rg BT 330.90 576.10 Td (our ) Tj ET Q q 0 0 0 rg BT 345.96 576.10 Td (volumetric ) Tj ET Q q 0 0 0 rg BT 391.01 576.10 Td (share ) Tj ET Q q 0 0 0 rg BT 413.84 576.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.90 576.10 Td (waste, ) Tj ET Q q 0 0 0 rg BT 450.90 576.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.85 576.10 Td (total ) Tj ET Q q 0 0 0 rg BT 484.35 576.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 502.19 576.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.25 576.10 Td (remediation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 564.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.39 564.10 Td (the ) Tj ET Q q 0 0 0 rg BT 83.06 564.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 121.49 564.10 Td (viability ) Tj ET Q q 0 0 0 rg BT 158.27 564.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.05 564.10 Td (other ) Tj ET Q q 0 0 0 rg BT 194.05 564.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 240.26 564.10 Td (that ) Tj ET Q q 0 0 0 rg BT 258.71 564.10 Td (also ) Tj ET Q q 0 0 0 rg BT 278.27 564.10 Td (sent ) Tj ET Q q 0 0 0 rg BT 297.83 564.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 324.05 564.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.28 564.10 Td (a ) Tj ET Q q 0 0 0 rg BT 343.17 564.10 Td (given ) Tj ET Q q 0 0 0 rg BT 368.84 564.10 Td (site ) Tj ET Q q 0 0 0 rg BT 386.17 564.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 406.56 564.10 Td (in ) Tj ET Q q 0 0 0 rg BT 417.79 564.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.46 564.10 Td (case ) Tj ET Q q 0 0 0 rg BT 454.12 564.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.90 564.10 Td (divested ) Tj ET Q q 0 0 0 rg BT 502.68 564.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 550.28 564.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 552.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 96.42 552.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 148.89 552.10 Td (with ) Tj ET Q q 0 0 0 rg BT 169.17 552.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.88 552.10 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 225.25 552.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.08 552.10 Td (such ) Tj ET Q q 0 0 0 rg BT 256.91 552.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 534.10 Td (The ) Tj ET Q q 0 0 0 rg BT 79.13 534.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 116.21 534.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 138.30 534.10 Td (related ) Tj ET Q q 0 0 0 rg BT 167.58 534.10 Td (to ) Tj ET Q q 0 0 0 rg BT 177.45 534.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.75 534.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 223.27 534.10 Td (described ) Tj ET Q q 0 0 0 rg BT 263.67 534.10 Td (below ) Tj ET Q q 0 0 0 rg BT 290.20 534.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.72 534.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.03 534.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 355.89 534.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 385.19 534.10 Td (on ) Tj ET Q q 0 0 0 rg BT 397.28 534.10 Td (future ) Tj ET Q q 0 0 0 rg BT 423.24 534.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 466.98 534.10 Td (are ) Tj ET Q q 0 0 0 rg BT 481.28 534.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 520.56 534.10 Td (due ) Tj ET Q q 0 0 0 rg BT 537.09 534.10 Td (in ) Tj ET Q q 0 0 0 rg BT 546.95 534.10 Td (part ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.98 522.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.89 522.10 Td (complexity ) Tj ET Q q 0 0 0 rg BT 122.58 522.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.60 522.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 191.28 522.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 212.31 522.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.44 522.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 276.57 522.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.71 522.10 Td (their ) Tj ET Q q 0 0 0 rg BT 314.73 522.10 Td (interpretations, ) Tj ET Q q 0 0 0 rg BT 377.69 522.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.60 522.10 Td (varying ) Tj ET Q q 0 0 0 rg BT 425.84 522.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 448.54 522.10 Td (and ) Tj ET Q q 0 0 0 rg BT 465.67 522.10 Td (ef) Tj ET Q q 0 0 0 rg BT 473.26 522.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 520.38 522.10 Td (of ) Tj ET Q q 0 0 0 rg BT 531.41 522.10 Td (cleanup ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.10 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 104.72 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.12 510.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 158.51 510.10 Td (level ) Tj ET Q q 0 0 0 rg BT 180.13 510.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.64 510.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 231.14 510.10 Td (or ) Tj ET Q q 0 0 0 rg BT 241.65 510.10 Td (other ) Tj ET Q q 0 0 0 rg BT 264.38 510.10 Td (types ) Tj ET Q q 0 0 0 rg BT 287.67 510.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.18 510.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 335.34 510.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.96 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.36 510.10 Td (questionable ) Tj ET Q q 0 0 0 rg BT 419.08 510.10 Td (level ) Tj ET Q q 0 0 0 rg BT 440.70 510.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.21 510.10 Td (our ) Tj ET Q q 0 0 0 rg BT 466.73 510.10 Td (responsibility) Tj ET Q q 0 0 0 rg BT 520.52 510.10 Td (. ) Tj ET Q q 0 0 0 rg BT 524.72 510.10 Td (Although ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.29 498.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 97.63 498.10 Td (outcome ) Tj ET Q q 0 0 0 rg BT 133.64 498.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.66 498.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 183.44 498.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.34 498.10 Td (any ) Tj ET Q q 0 0 0 rg BT 209.36 498.10 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 249.54 498.10 Td (including ) Tj ET Q q 0 0 0 rg BT 288.89 498.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 348.22 498.10 Td (remediation, ) Tj ET Q q 0 0 0 rg BT 400.05 498.10 Td (is ) Tj ET Q q 0 0 0 rg BT 408.30 498.10 Td (uncertain, ) Tj ET Q q 0 0 0 rg BT 449.58 498.10 Td (we ) Tj ET Q q 0 0 0 rg BT 462.81 498.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 493.26 498.10 Td (that ) Tj ET Q q 0 0 0 rg BT 509.83 498.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.62 498.10 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.10 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 100.32 486.10 Td (will ) Tj ET Q q 0 0 0 rg BT 118.37 486.10 Td (not ) Tj ET Q q 0 0 0 rg BT 133.65 486.10 Td (have ) Tj ET Q q 0 0 0 rg BT 155.03 486.10 Td (a ) Tj ET Q q 0 0 0 rg BT 161.97 486.10 Td (material ) Tj ET Q q 0 0 0 rg BT 197.22 486.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 230.26 486.10 Td (ef) Tj ET Q q 0 0 0 rg BT 237.85 486.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 255.33 486.10 Td (on ) Tj ET Q q 0 0 0 rg BT 267.83 486.10 Td (our ) Tj ET Q q 0 0 0 rg BT 283.67 486.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 336.71 486.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 374.19 486.10 Td (position ) Tj ET Q q 0 0 0 rg BT 408.91 486.10 Td (or ) Tj ET Q q 0 0 0 rg BT 419.74 486.10 Td (results ) Tj ET Q q 0 0 0 rg BT 448.35 486.10 Td (of ) Tj ET Q q 0 0 0 rg BT 459.18 486.10 Td (operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 468.10 Td (Lower ) Tj ET Q q 0 0 0 rg BT 88.90 468.10 Td (Passaic ) Tj ET Q q 0 0 0 rg BT 121.84 468.10 Td (River ) Tj ET Q q 0 0 0 rg BT 145.34 468.10 Td (Matter) Tj ET Q q 0 0 0 rg BT 171.45 468.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.95 468.10 Td (In ) Tj ET Q q 0 0 0 rg BT 186.21 468.10 Td (August ) Tj ET Q q 0 0 0 rg BT 216.94 468.10 Td (2004, ) Tj ET Q q 0 0 0 rg BT 241.27 468.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.33 468.10 Td (United ) Tj ET Q q 0 0 0 rg BT 284.38 468.10 Td (States ) Tj ET Q q 0 0 0 rg BT 310.11 468.10 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 371.37 468.10 Td (Protection ) Tj ET Q q 0 0 0 rg BT 413.91 468.10 Td (Agency ) Tj ET Q q 0 0 0 rg BT 446.84 468.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 464.23 468.10 Td (EP) Tj ET Q q 0 0 0 rg BT 479.42 468.10 Td (A\) ) Tj ET Q q 0 0 0 rg BT 496.25 468.10 Td (notified ) Tj ET Q q 0 0 0 rg BT 529.19 468.10 Td (Covanta ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 456.10 Td (Essex ) Tj ET Q q 0 0 0 rg BT 74.89 456.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 115.83 456.10 Td (\(Essex\) ) Tj ET Q q 0 0 0 rg BT 156.76 456.10 Td (that ) Tj ET Q q 0 0 0 rg BT 173.81 456.10 Td (it ) Tj ET Q q 0 0 0 rg BT 181.42 456.10 Td (was ) Tj ET Q q 0 0 0 rg BT 199.03 456.10 Td (a ) Tj ET Q q 0 0 0 rg BT 205.53 456.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 250.35 456.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 297.96 456.10 Td (party ) Tj ET Q q 0 0 0 rg BT 320.56 456.10 Td (\(PRP\) ) Tj ET Q q 0 0 0 rg BT 355.95 456.10 Td (for ) Tj ET Q q 0 0 0 rg BT 369.66 456.10 Td (Superfund ) Tj ET Q q 0 0 0 rg BT 413.38 456.10 Td (response ) Tj ET Q q 0 0 0 rg BT 450.43 456.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 480.81 456.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.65 456.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.92 456.10 Td (Lower ) Tj ET Q q 0 0 0 rg BT 533.08 456.10 Td (Passaic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 444.10 Td (River ) Tj ET Q q 0 0 0 rg BT 73.98 444.10 Td (Study ) Tj ET Q q 0 0 0 rg BT 99.09 444.10 Td (Area, ) Tj ET Q q 0 0 0 rg BT 123.28 444.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 157.18 444.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.23 444.10 Td (as ) Tj ET Q q 0 0 0 rg BT 177.82 444.10 Td (LPRSA, ) Tj ET Q q 0 0 0 rg BT 222.59 444.10 Td (a ) Tj ET Q q 0 0 0 rg BT 229.29 444.10 Td (17mile ) Tj ET Q q 0 0 0 rg BT 261.83 444.10 Td (stretch ) Tj ET Q q 0 0 0 rg BT 290.75 444.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.35 444.10 Td (river ) Tj ET Q q 0 0 0 rg BT 322.49 444.10 Td (in ) Tj ET Q q 0 0 0 rg BT 332.54 444.10 Td (northern ) Tj ET Q q 0 0 0 rg BT 368.68 444.10 Td (New ) Tj ET Q q 0 0 0 rg BT 389.83 444.10 Td (Jersey) Tj ET Q q 0 0 0 rg BT 414.17 444.10 Td (. ) Tj ET Q q 0 0 0 rg BT 418.93 444.10 Td (Essex) Tj ET Q q 0 0 0 rg BT 445.04 444.10 Td (s ) Tj ET Q q 0 0 0 rg BT 451.20 444.10 Td (LPRSA) Tj ET Q q 0 0 0 rg BT 481.77 444.10 Td ( ) Tj ET Q q 0 0 0 rg BT 484.03 444.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 506.30 444.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.34 444.10 Td (date ) Tj ET Q q 0 0 0 rg BT 535.26 444.10 Td (are ) Tj ET Q q 0 0 0 rg BT 549.74 444.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 432.10 Td (material ) Tj ET Q q 0 0 0 rg BT 84.68 432.10 Td (to ) Tj ET Q q 0 0 0 rg BT 94.88 432.10 Td (its ) Tj ET Q q 0 0 0 rg BT 106.74 432.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 144.14 432.10 Td (position ) Tj ET Q q 0 0 0 rg BT 178.79 432.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.65 432.10 Td (results ) Tj ET Q q 0 0 0 rg BT 224.18 432.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.92 432.10 Td (operations; ) Tj ET Q q 0 0 0 rg BT 281.78 432.10 Td (however) Tj ET Q q 0 0 0 rg BT 315.81 432.10 Td (, ) Tj ET Q q 0 0 0 rg BT 320.73 432.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.92 432.10 Td (date ) Tj ET Q q 0 0 0 rg BT 350.00 432.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.63 432.10 Td (EP) Tj ET Q q 0 0 0 rg BT 375.39 432.10 Td (A) Tj ET Q q 0 0 0 rg BT 382.06 432.10 Td ( ) Tj ET Q q 0 0 0 rg BT 384.48 432.10 Td (has ) Tj ET Q q 0 0 0 rg BT 400.23 432.10 Td (not ) Tj ET Q q 0 0 0 rg BT 415.42 432.10 Td (sought ) Tj ET Q q 0 0 0 rg BT 444.51 432.10 Td (any ) Tj ET Q q 0 0 0 rg BT 461.37 432.10 Td (LPRSA) Tj ET Q q 0 0 0 rg BT 491.94 432.10 Td ( ) Tj ET Q q 0 0 0 rg BT 494.36 432.10 Td (remedial ) Tj ET Q q 0 0 0 rg BT 531.76 432.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 554.18 432.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 420.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 80.27 420.10 Td (resource ) Tj ET Q q 0 0 0 rg BT 117.14 420.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 155.13 420.10 Td (against ) Tj ET Q q 0 0 0 rg BT 186.46 420.10 Td (PRPs. ) Tj ET Q q 0 0 0 rg BT 213.65 420.10 Td (On ) Tj ET Q q 0 0 0 rg BT 228.88 420.10 Td (March ) Tj ET Q q 0 0 0 rg BT 257.98 420.10 Td (3, ) Tj ET Q q 0 0 0 rg BT 268.49 420.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 293.99 420.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.22 420.10 Td (EP) Tj ET Q q 0 0 0 rg BT 319.97 420.10 Td (A) Tj ET Q q 0 0 0 rg BT 326.64 420.10 Td ( ) Tj ET Q q 0 0 0 rg BT 329.64 420.10 Td (released ) Tj ET Q q 0 0 0 rg BT 365.40 420.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.63 420.10 Td (Record ) Tj ET Q q 0 0 0 rg BT 412.51 420.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.84 420.10 Td (Decision ) Tj ET Q q 0 0 0 rg BT 462.40 420.10 Td (\(ROD\) ) Tj ET Q q 0 0 0 rg BT 502.05 420.10 Td (for ) Tj ET Q q 0 0 0 rg BT 516.72 420.10 Td (its ) Tj ET Q q 0 0 0 rg BT 529.17 420.10 Td (Focused ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 408.10 Td (Feasibility ) Tj ET Q q 0 0 0 rg BT 93.22 408.10 Td (Study ) Tj ET Q q 0 0 0 rg BT 118.07 408.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.90 408.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.62 408.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 165.89 408.10 Td (8 ) Tj ET Q q 0 0 0 rg BT 172.39 408.10 Td (miles ) Tj ET Q q 0 0 0 rg BT 195.56 408.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.40 408.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.12 408.10 Td (LPRSA; ) Tj ET Q q 0 0 0 rg BT 254.52 408.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.24 408.10 Td (EP) Tj ET Q q 0 0 0 rg BT 278.99 408.10 Td (A) Tj ET Q q 0 0 0 rg BT 285.10 408.10 Td () Tj ET Q q 0 0 0 rg BT 287.88 408.10 Td (s ) Tj ET Q q 0 0 0 rg BT 293.28 408.10 Td (selected ) Tj ET Q q 0 0 0 rg BT 326.98 408.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 358.47 408.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 393.30 408.10 Td (capping/dredging ) Tj ET Q q 0 0 0 rg BT 464.78 408.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.62 408.10 Td (sediment, ) Tj ET Q q 0 0 0 rg BT 514.72 408.10 Td (institutional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 396.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 84.39 396.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.51 396.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 143.62 396.10 Td (monitoring. ) Tj ET Q q 0 0 0 rg BT 193.04 396.10 Td (The ) Tj ET Q q 0 0 0 rg BT 211.26 396.10 Td (Essex ) Tj ET Q q 0 0 0 rg BT 237.27 396.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 268.27 396.10 Td (started ) Tj ET Q q 0 0 0 rg BT 297.60 396.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 338.04 396.10 Td (in ) Tj ET Q q 0 0 0 rg BT 348.49 396.10 Td (1990 ) Tj ET Q q 0 0 0 rg BT 371.17 396.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.28 396.10 Td (Essex ) Tj ET Q q 0 0 0 rg BT 414.29 396.10 Td (does ) Tj ET Q q 0 0 0 rg BT 435.29 396.10 Td (not ) Tj ET Q q 0 0 0 rg BT 450.75 396.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 482.29 396.10 Td (there ) Tj ET Q q 0 0 0 rg BT 504.96 396.10 Td (have ) Tj ET Q q 0 0 0 rg BT 526.51 396.10 Td (been ) Tj ET Q q 0 0 0 rg BT 548.06 396.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 384.10 Td (releases ) Tj ET Q q 0 0 0 rg BT 83.34 384.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.32 384.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.74 384.10 Td (LPRSA, ) Tj ET Q q 0 0 0 rg BT 143.56 384.10 Td (but ) Tj ET Q q 0 0 0 rg BT 158.54 384.10 Td (in ) Tj ET Q q 0 0 0 rg BT 168.51 384.10 Td (any ) Tj ET Q q 0 0 0 rg BT 185.15 384.10 Td (event ) Tj ET Q q 0 0 0 rg BT 209.00 384.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 243.97 384.10 Td (any ) Tj ET Q q 0 0 0 rg BT 260.60 384.10 Td (releases ) Tj ET Q q 0 0 0 rg BT 294.45 384.10 Td (would ) Tj ET Q q 0 0 0 rg BT 321.65 384.10 Td (have ) Tj ET Q q 0 0 0 rg BT 342.72 384.10 Td (been ) Tj ET Q q 0 0 0 rg BT 363.80 384.10 Td (de ) Tj ET Q q 0 0 0 rg BT 375.44 384.10 Td (minimis ) Tj ET Q q 0 0 0 rg BT 410.42 384.10 Td (considering ) Tj ET Q q 0 0 0 rg BT 459.27 384.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.69 384.10 Td (history ) Tj ET Q q 0 0 0 rg BT 503.66 384.10 Td (of ) Tj ET Q q 0 0 0 rg BT 514.19 384.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.61 384.10 Td (LPRSA; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 372.10 Td (however) Tj ET Q q 0 0 0 rg BT 83.53 372.10 Td (, ) Tj ET Q q 0 0 0 rg BT 88.39 372.10 Td (it ) Tj ET Q q 0 0 0 rg BT 96.31 372.10 Td (is ) Tj ET Q q 0 0 0 rg BT 105.34 372.10 Td (not ) Tj ET Q q 0 0 0 rg BT 120.48 372.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 155.62 372.10 Td (at ) Tj ET Q q 0 0 0 rg BT 165.20 372.10 Td (this ) Tj ET Q q 0 0 0 rg BT 182.01 372.10 Td (time ) Tj ET Q q 0 0 0 rg BT 202.15 372.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.29 372.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 242.42 372.10 Td (that ) Tj ET Q q 0 0 0 rg BT 259.77 372.10 Td (outcome ) Tj ET Q q 0 0 0 rg BT 296.57 372.10 Td (or ) Tj ET Q q 0 0 0 rg BT 307.26 372.10 Td (to ) Tj ET Q q 0 0 0 rg BT 317.40 372.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 353.08 372.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.66 372.10 Td (range ) Tj ET Q q 0 0 0 rg BT 392.23 372.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.92 372.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 438.07 372.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 455.99 372.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 488.89 372.10 Td (to ) Tj ET Q q 0 0 0 rg BT 499.03 372.10 Td (Essex) Tj ET Q q 0 0 0 rg BT 525.14 372.10 Td (s ) Tj ET Q q 0 0 0 rg BT 531.40 372.10 Td (liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 360.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 360.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 360.10 Td (matter) Tj ET Q q 0 0 0 rg BT 99.64 360.10 Td (, ) Tj ET Q q 0 0 0 rg BT 104.64 360.10 Td (including ) Tj ET Q q 0 0 0 rg BT 144.91 360.10 Td (for ) Tj ET Q q 0 0 0 rg BT 159.07 360.10 Td (LPRSA) Tj ET Q q 0 0 0 rg BT 189.64 360.10 Td ( ) Tj ET Q q 0 0 0 rg BT 192.14 360.10 Td (remedial ) Tj ET Q q 0 0 0 rg BT 229.62 360.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 252.12 360.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 280.17 360.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 310.43 360.10 Td (resource ) Tj ET Q q 0 0 0 rg BT 346.80 360.10 Td (damages.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 342.10 Td (T) Tj ET Q q 0 0 0 rg BT 68.01 342.10 Td (ulsa ) Tj ET Q q 0 0 0 rg BT 88.21 342.10 Td (Matter) Tj ET Q q 0 0 0 rg BT 114.31 342.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.81 342.10 Td (In ) Tj ET Q q 0 0 0 rg BT 131.17 342.10 Td (January ) Tj ET Q q 0 0 0 rg BT 165.79 342.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 191.82 342.10 Td (we ) Tj ET Q q 0 0 0 rg BT 207.00 342.10 Td (were ) Tj ET Q q 0 0 0 rg BT 229.96 342.10 Td (informed ) Tj ET Q q 0 0 0 rg BT 270.14 342.10 Td (by ) Tj ET Q q 0 0 0 rg BT 283.66 342.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.41 342.10 Td (of) Tj ET Q q 0 0 0 rg BT 307.56 342.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 326.07 342.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.92 342.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.66 342.10 Td (United ) Tj ET Q q 0 0 0 rg BT 384.41 342.10 Td (States ) Tj ET Q q 0 0 0 rg BT 411.04 342.10 Td (Attorney ) Tj ET Q q 0 0 0 rg BT 450.11 342.10 Td (for ) Tj ET Q q 0 0 0 rg BT 465.30 342.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.04 342.10 Td (Northern ) Tj ET Q q 0 0 0 rg BT 520.66 342.10 Td (District ) Tj ET Q q 0 0 0 rg BT 554.19 342.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.10 Td (Oklahoma ) Tj ET Q q 0 0 0 rg BT 93.69 330.10 Td (\(U.S. ) Tj ET Q q 0 0 0 rg BT 121.21 330.10 Td (Attorney\) ) Tj ET Q q 0 0 0 rg BT 167.06 330.10 Td (that ) Tj ET Q q 0 0 0 rg BT 184.58 330.10 Td (our ) Tj ET Q q 0 0 0 rg BT 200.44 330.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 240.90 330.10 Td (, ) Tj ET Q q 0 0 0 rg BT 245.93 330.10 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 281.61 330.10 Td (T) Tj ET Q q 0 0 0 rg BT 287.36 330.10 Td (ulsa ) Tj ET Q q 0 0 0 rg BT 306.00 330.10 Td (Renewable ) Tj ET Q q 0 0 0 rg BT 352.96 330.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 371.65 330.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 384.18 330.10 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 408.10 330.10 Td (is ) Tj ET Q q 0 0 0 rg BT 417.30 330.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.05 330.10 Td (tar) Tj ET Q q 0 0 0 rg BT 442.42 330.10 Td (get ) Tj ET Q q 0 0 0 rg BT 457.16 330.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.02 330.10 Td (a ) Tj ET Q q 0 0 0 rg BT 474.99 330.10 Td (criminal ) Tj ET Q q 0 0 0 rg BT 510.84 330.10 Td (investigation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.10 Td (being ) Tj ET Q q 0 0 0 rg BT 73.83 318.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 117.04 318.10 Td (by ) Tj ET Q q 0 0 0 rg BT 129.16 318.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.49 318.10 Td (EP) Tj ET Q q 0 0 0 rg BT 154.24 318.10 Td (A. ) Tj ET Q q 0 0 0 rg BT 165.93 318.10 Td (W) Tj ET Q q 0 0 0 rg BT 174.56 318.10 Td (e ) Tj ET Q q 0 0 0 rg BT 181.12 318.10 Td (understand ) Tj ET Q q 0 0 0 rg BT 227.11 318.10 Td (that ) Tj ET Q q 0 0 0 rg BT 244.22 318.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.55 318.10 Td (EP) Tj ET Q q 0 0 0 rg BT 269.31 318.10 Td (A) Tj ET Q q 0 0 0 rg BT 275.98 318.10 Td ( ) Tj ET Q q 0 0 0 rg BT 278.09 318.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 301.32 318.10 Td (to ) Tj ET Q q 0 0 0 rg BT 311.21 318.10 Td (allege ) Tj ET Q q 0 0 0 rg BT 337.20 318.10 Td (improprieties ) Tj ET Q q 0 0 0 rg BT 392.63 318.10 Td (in ) Tj ET Q q 0 0 0 rg BT 402.53 318.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.86 318.10 Td (recording ) Tj ET Q q 0 0 0 rg BT 457.29 318.10 Td (and ) Tj ET Q q 0 0 0 rg BT 473.85 318.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 512.62 318.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.06 318.10 Td (emissions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.10 Td (data ) Tj ET Q q 0 0 0 rg BT 68.14 306.10 Td (during ) Tj ET Q q 0 0 0 rg BT 96.22 306.10 Td (an ) Tj ET Q q 0 0 0 rg BT 107.64 306.10 Td (October ) Tj ET Q q 0 0 0 rg BT 141.83 306.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 163.81 306.10 Td (incident ) Tj ET Q q 0 0 0 rg BT 198.00 306.10 Td (involving ) Tj ET Q q 0 0 0 rg BT 238.32 306.10 Td (one ) Tj ET Q q 0 0 0 rg BT 254.73 306.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.04 306.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.24 306.10 Td (three ) Tj ET Q q 0 0 0 rg BT 301.21 306.10 Td (municipal ) Tj ET Q q 0 0 0 rg BT 343.18 306.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 367.93 306.10 Td (combustion ) Tj ET Q q 0 0 0 rg BT 416.57 306.10 Td (units ) Tj ET Q q 0 0 0 rg BT 438.00 306.10 Td (at ) Tj ET Q q 0 0 0 rg BT 447.20 306.10 Td (our ) Tj ET Q q 0 0 0 rg BT 462.36 306.10 Td (T) Tj ET Q q 0 0 0 rg BT 468.12 306.10 Td (ulsa, ) Tj ET Q q 0 0 0 rg BT 488.71 306.10 Td (Oklahoma ) Tj ET Q q 0 0 0 rg BT 532.34 306.10 Td (facility) Tj ET Q q 0 0 0 rg BT 560.01 306.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 294.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.57 294.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 97.43 294.10 Td (that ) Tj ET Q q 0 0 0 rg BT 115.42 294.10 Td (our ) Tj ET Q q 0 0 0 rg BT 131.74 294.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 176.38 294.10 Td (in ) Tj ET Q q 0 0 0 rg BT 186.94 294.10 Td (T) Tj ET Q q 0 0 0 rg BT 192.69 294.10 Td (ulsa ) Tj ET Q q 0 0 0 rg BT 211.79 294.10 Td (were ) Tj ET Q q 0 0 0 rg BT 234.21 294.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.64 294.10 Td (are ) Tj ET Q q 0 0 0 rg BT 266.84 294.10 Td (in ) Tj ET Q q 0 0 0 rg BT 277.61 294.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 326.69 294.10 Td (with ) Tj ET Q q 0 0 0 rg BT 347.46 294.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 382.11 294.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 403.43 294.10 Td (and ) Tj ET Q q 0 0 0 rg BT 420.86 294.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 468.29 294.10 Td (in ) Tj ET Q q 0 0 0 rg BT 479.05 294.10 Td (all ) Tj ET Q q 0 0 0 rg BT 492.04 294.10 Td (material ) Tj ET Q q 0 0 0 rg BT 527.79 294.10 Td (respects. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.10 Td (While ) Tj ET Q q 0 0 0 rg BT 76.30 282.10 Td (we ) Tj ET Q q 0 0 0 rg BT 90.32 282.10 Td (can ) Tj ET Q q 0 0 0 rg BT 106.56 282.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 139.48 282.10 Td (no ) Tj ET Q q 0 0 0 rg BT 151.84 282.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 193.07 282.10 Td (as ) Tj ET Q q 0 0 0 rg BT 203.77 282.10 Td (to ) Tj ET Q q 0 0 0 rg BT 213.91 282.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.49 282.10 Td (outcome ) Tj ET Q q 0 0 0 rg BT 265.29 282.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.99 282.10 Td (this ) Tj ET Q q 0 0 0 rg BT 292.80 282.10 Td (matter) Tj ET Q q 0 0 0 rg BT 317.94 282.10 Td (, ) Tj ET Q q 0 0 0 rg BT 322.81 282.10 Td (we ) Tj ET Q q 0 0 0 rg BT 336.83 282.10 Td (do ) Tj ET Q q 0 0 0 rg BT 349.19 282.10 Td (not ) Tj ET Q q 0 0 0 rg BT 364.34 282.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 395.57 282.10 Td (that ) Tj ET Q q 0 0 0 rg BT 412.93 282.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.52 282.10 Td (investigation ) Tj ET Q q 0 0 0 rg BT 481.54 282.10 Td (or ) Tj ET Q q 0 0 0 rg BT 492.24 282.10 Td (any ) Tj ET Q q 0 0 0 rg BT 509.04 282.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 535.30 282.10 Td (arising ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.10 Td (therefrom ) Tj ET Q q 0 0 0 rg BT 91.42 270.10 Td (will ) Tj ET Q q 0 0 0 rg BT 109.48 270.10 Td (have ) Tj ET Q q 0 0 0 rg BT 130.86 270.10 Td (a ) Tj ET Q q 0 0 0 rg BT 137.80 270.10 Td (material ) Tj ET Q q 0 0 0 rg BT 173.05 270.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 206.09 270.10 Td (ef) Tj ET Q q 0 0 0 rg BT 213.68 270.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 231.17 270.10 Td (on ) Tj ET Q q 0 0 0 rg BT 243.67 270.10 Td (our ) Tj ET Q q 0 0 0 rg BT 259.50 270.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 296.98 270.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 334.20 270.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 354.47 270.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 379.19 270.10 Td (or ) Tj ET Q q 0 0 0 rg BT 390.02 270.10 Td (results ) Tj ET Q q 0 0 0 rg BT 418.63 270.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.46 270.10 Td (operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 252.10 Td (Other) Tj ET Q q 0 0 0 rg BT 74.87 252.10 Td ( Matters) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 234.10 Td (Durham-Y) Tj ET Q q 0 0 0 rg BT 92.84 234.10 Td (ork Contractor ) Tj ET Q q 0 0 0 rg BT 156.38 234.10 Td (Arbitration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 216.10 Td (W) Tj ET Q q 0 0 0 rg BT 71.64 216.10 Td (e ) Tj ET Q q 0 0 0 rg BT 77.90 216.10 Td (are ) Tj ET Q q 0 0 0 rg BT 91.94 216.10 Td (seeking ) Tj ET Q q 0 0 0 rg BT 124.31 216.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.92 216.10 Td (resolve ) Tj ET Q q 0 0 0 rg BT 164.62 216.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 213.12 216.10 Td (disputes ) Tj ET Q q 0 0 0 rg BT 247.72 216.10 Td (with ) Tj ET Q q 0 0 0 rg BT 267.33 216.10 Td (our ) Tj ET Q q 0 0 0 rg BT 282.49 216.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 315.97 216.10 Td (contractor ) Tj ET Q q 0 0 0 rg BT 358.33 216.10 Td (for ) Tj ET Q q 0 0 0 rg BT 371.82 216.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.86 216.10 Td (Durham-Y) Tj ET Q q 0 0 0 rg BT 428.18 216.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 443.34 216.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 494.60 216.10 Td (project ) Tj ET Q q 0 0 0 rg BT 524.19 216.10 Td (regarding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 204.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 61.66 204.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 90.49 204.10 Td (by ) Tj ET Q q 0 0 0 rg BT 103.22 204.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.16 204.10 Td (contractor ) Tj ET Q q 0 0 0 rg BT 161.41 204.10 Td (for ) Tj ET Q q 0 0 0 rg BT 175.80 204.10 Td (change ) Tj ET Q q 0 0 0 rg BT 206.84 204.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 234.55 204.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.72 204.10 Td (other ) Tj ET Q q 0 0 0 rg BT 274.99 204.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 309.92 204.10 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 372.63 204.10 Td (and ) Tj ET Q q 0 0 0 rg BT 389.79 204.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 404.73 204.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 433.56 204.10 Td (by ) Tj ET Q q 0 0 0 rg BT 446.28 204.10 Td (us ) Tj ET Q q 0 0 0 rg BT 457.90 204.10 Td (for ) Tj ET Q q 0 0 0 rg BT 472.28 204.10 Td (char) Tj ET Q q 0 0 0 rg BT 489.31 204.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 505.36 204.10 Td (and ) Tj ET Q q 0 0 0 rg BT 522.53 204.10 Td (liquidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 192.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 86.05 192.10 Td (for ) Tj ET Q q 0 0 0 rg BT 99.28 192.10 Td (project ) Tj ET Q q 0 0 0 rg BT 128.62 192.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 175.17 192.10 Td (delays. ) Tj ET Q q 0 0 0 rg BT 207.29 192.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 224.41 192.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 258.18 192.10 Td (with ) Tj ET Q q 0 0 0 rg BT 277.53 192.10 Td (this ) Tj ET Q q 0 0 0 rg BT 293.55 192.10 Td (contractor ) Tj ET Q q 0 0 0 rg BT 335.65 192.10 Td (contemplates ) Tj ET Q q 0 0 0 rg BT 389.98 192.10 Td (binding ) Tj ET Q q 0 0 0 rg BT 422.10 192.10 Td (arbitration ) Tj ET Q q 0 0 0 rg BT 465.32 192.10 Td (to ) Tj ET Q q 0 0 0 rg BT 474.67 192.10 Td (resolve ) Tj ET Q q 0 0 0 rg BT 505.11 192.10 Td (these ) Tj ET Q q 0 0 0 rg BT 527.23 192.10 Td (disputes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 180.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.12 180.10 Td (we ) Tj ET Q q 0 0 0 rg BT 89.95 180.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 118.22 180.10 Td (may ) Tj ET Q q 0 0 0 rg BT 137.62 180.10 Td (conclude ) Tj ET Q q 0 0 0 rg BT 175.89 180.10 Td (in ) Tj ET Q q 0 0 0 rg BT 185.84 180.10 Td (2017.) Tj ET Q q 0 0 0 rg BT 210.66 180.10 Td (While ) Tj ET Q q 0 0 0 rg BT 237.27 180.10 Td (we ) Tj ET Q q 0 0 0 rg BT 251.11 180.10 Td (do ) Tj ET Q q 0 0 0 rg BT 263.29 180.10 Td (not ) Tj ET Q q 0 0 0 rg BT 278.24 180.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 306.51 180.10 Td (resolutionof ) Tj ET Q q 0 0 0 rg BT 359.51 180.10 Td (these ) Tj ET Q q 0 0 0 rg BT 382.24 180.10 Td (disputesto ) Tj ET Q q 0 0 0 rg BT 427.47 180.10 Td (have ) Tj ET Q q 0 0 0 rg BT 448.52 180.10 Td (a ) Tj ET Q q 0 0 0 rg BT 455.14 180.10 Td (materialadverse ) Tj ET Q q 0 0 0 rg BT 523.11 180.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 552.50 180.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 168.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.33 168.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 102.81 168.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 140.04 168.10 Td (it ) Tj ET Q q 0 0 0 rg BT 148.09 168.10 Td (could ) Tj ET Q q 0 0 0 rg BT 172.81 168.10 Td (be ) Tj ET Q q 0 0 0 rg BT 184.75 168.10 Td (material ) Tj ET Q q 0 0 0 rg BT 220.01 168.10 Td (to ) Tj ET Q q 0 0 0 rg BT 230.29 168.10 Td (our ) Tj ET Q q 0 0 0 rg BT 246.12 168.10 Td (results ) Tj ET Q q 0 0 0 rg BT 274.72 168.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.55 168.10 Td (operationsand ) Tj ET Q q 0 0 0 rg BT 346.65 168.10 Td (or ) Tj ET Q q 0 0 0 rg BT 357.48 168.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 377.75 168.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 402.47 168.10 Td (in ) Tj ET Q q 0 0 0 rg BT 412.75 168.10 Td (any ) Tj ET Q q 0 0 0 rg BT 429.69 168.10 Td (given ) Tj ET Q q 0 0 0 rg BT 454.40 168.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 500.77 168.10 Td (period.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 150.10 Td (China Indemnification Claims) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 132.10 Td (Subsequent ) Tj ET Q q 0 0 0 rg BT 107.55 132.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.28 132.10 Td (completing ) Tj ET Q q 0 0 0 rg BT 166.21 132.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.38 132.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 222.08 132.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.35 132.10 Td (our ) Tj ET Q q 0 0 0 rg BT 249.63 132.10 Td (project ) Tj ET Q q 0 0 0 rg BT 280.34 132.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 324.94 132.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 361.21 132.10 Td (in ) Tj ET Q q 0 0 0 rg BT 371.94 132.10 Td (China ) Tj ET Q q 0 0 0 rg BT 398.77 132.10 Td (for ) Tj ET Q q 0 0 0 rg BT 413.38 132.10 Td (a ) Tj ET Q q 0 0 0 rg BT 420.76 132.10 Td (15% ) Tj ET Q q 0 0 0 rg BT 442.04 132.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 486.64 132.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 519.02 132.10 Td (in ) Tj ET Q q 0 0 0 rg BT 529.75 132.10 Td (Sanfeng ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 120.10 Td (Environment ) Tj ET Q q 0 0 0 rg BT 104.36 120.10 Td (\(see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 123.10 120.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 144.63 120.10 Td (4. ) Tj ET Q q 0 0 0 rg BT 154.78 120.10 Td (Dispositions, ) Tj ET Q q 0 0 0 rg BT 209.74 120.10 Td (Assets ) Tj ET Q q 0 0 0 rg BT 237.39 120.10 Td (Held ) Tj ET Q q 0 0 0 rg BT 259.47 120.10 Td (for ) Tj ET Q q 0 0 0 rg BT 273.79 120.10 Td (Sale ) Tj ET Q q 0 0 0 rg BT 293.65 120.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.30 120.10 Td (Discontinued ) Tj ET Q q 0 0 0 rg BT 367.27 120.10 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.27 120.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 420.74 120.10 Td (Sanfeng ) Tj ET Q q 0 0 0 rg BT 456.16 120.10 Td (Environment ) Tj ET Q q 0 0 0 rg BT 511.01 120.10 Td (made ) Tj ET Q q 0 0 0 rg BT 535.31 120.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 108.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 78.11 108.10 Td (for ) Tj ET Q q 0 0 0 rg BT 92.29 108.10 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 158.11 108.10 Td (under ) Tj ET Q q 0 0 0 rg BT 183.39 108.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.12 108.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 242.27 108.10 Td (related ) Tj ET Q q 0 0 0 rg BT 271.99 108.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.28 108.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.00 108.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 337.29 108.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.13 108.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.86 108.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 393.69 108.10 Td (in ) Tj ET Q q 0 0 0 rg BT 403.80 108.10 Td (T) Tj ET Q q 0 0 0 rg BT 409.21 108.10 Td (aixing. ) Tj ET Q q 0 0 0 rg BT 439.03 108.10 Td (T) Tj ET Q q 0 0 0 rg BT 444.44 108.10 Td (o ) Tj ET Q q 0 0 0 rg BT 451.95 108.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.68 108.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 493.63 108.10 Td (that ) Tj ET Q q 0 0 0 rg BT 511.13 108.10 Td (any ) Tj ET Q q 0 0 0 rg BT 528.08 108.10 Td (payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 96.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.67 96.10 Td (made ) Tj ET Q q 0 0 0 rg BT 82.83 96.10 Td (related ) Tj ET Q q 0 0 0 rg BT 112.53 96.10 Td (to ) Tj ET Q q 0 0 0 rg BT 122.81 96.10 Td (these ) Tj ET Q q 0 0 0 rg BT 145.85 96.10 Td (claims, ) Tj ET Q q 0 0 0 rg BT 176.96 96.10 Td (such ) Tj ET Q q 0 0 0 rg BT 197.79 96.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 230.28 96.10 Td (could ) Tj ET Q q 0 0 0 rg BT 255.00 96.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 284.14 96.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.86 96.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 318.58 96.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 356.05 96.10 Td (in ) Tj ET Q q 0 0 0 rg BT 366.33 96.10 Td (a ) Tj ET Q q 0 0 0 rg BT 373.27 96.10 Td (future ) Tj ET Q q 0 0 0 rg BT 399.65 96.10 Td (period.) 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395.82 520.25 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 444.80 520.25 Td (If ) Tj ET Q q 0 0 0 rg BT 453.49 520.25 Td (any ) Tj ET Q q 0 0 0 rg BT 469.96 520.25 Td (of ) Tj ET Q q 0 0 0 rg BT 480.33 520.25 Td (these ) Tj ET Q q 0 0 0 rg BT 502.91 520.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 529.38 520.25 Td (of ) Tj ET Q q 0 0 0 rg BT 539.75 520.25 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 508.25 Td (were ) Tj ET Q q 0 0 0 rg BT 71.61 508.25 Td (to ) Tj ET Q q 0 0 0 rg BT 82.06 508.25 Td (be ) Tj ET Q q 0 0 0 rg BT 94.18 508.25 Td (drawn ) Tj ET Q q 0 0 0 rg BT 121.84 508.25 Td (by ) Tj ET Q q 0 0 0 rg BT 134.52 508.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.42 508.25 Td (beneficiary) Tj ET Q q 0 0 0 rg BT 193.74 508.25 Td (, ) Tj ET Q q 0 0 0 rg BT 198.91 508.25 Td (the ) Tj ET Q q 0 0 0 rg BT 213.81 508.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 246.48 508.25 Td (drawn ) Tj ET Q q 0 0 0 rg BT 274.15 508.25 Td (would ) Tj ET Q q 0 0 0 rg BT 301.83 508.25 Td (be ) Tj ET Q q 0 0 0 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(credit ) Tj ET Q q 0 0 0 rg BT 298.22 496.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 325.56 496.25 Td (under ) Tj ET Q q 0 0 0 rg BT 350.66 496.25 Td (the ) Tj ET Q q 0 0 0 rg BT 365.22 496.25 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 409.22 496.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 436.55 496.25 Td (Facility) Tj ET Q q 0 0 0 rg BT 466.45 496.25 Td (, ) Tj ET Q q 0 0 0 rg BT 471.29 496.25 Td (unreimbursed ) Tj ET Q q 0 0 0 rg BT 528.61 496.25 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 484.25 Td (would ) Tj ET Q q 0 0 0 rg BT 77.00 484.25 Td (be ) Tj ET Q q 0 0 0 rg BT 88.94 484.25 Td (treated ) Tj ET Q q 0 0 0 rg BT 118.64 484.25 Td (under ) Tj ET Q q 0 0 0 rg BT 143.91 484.25 Td (the ) Tj ET Q q 0 0 0 rg BT 158.63 484.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 186.12 484.25 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 225.28 484.25 Td (as ) Tj ET Q q 0 0 0 rg BT 236.11 484.25 Td (either ) Tj ET Q q 0 0 0 rg BT 261.38 484.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 303.87 484.25 Td (term 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 466.25 Td (The ) Tj ET Q q 0 0 0 rg BT 79.80 466.25 Td (surety ) Tj ET Q q 0 0 0 rg BT 106.98 466.25 Td (bonds ) Tj ET Q q 0 0 0 rg BT 133.62 466.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 158.04 466.25 Td (in ) Tj ET Q q 0 0 0 rg BT 168.57 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.53 466.25 Td (table ) Tj ET Q q 0 0 0 rg BT 205.71 466.25 Td (above ) Tj ET Q q 0 0 0 rg BT 232.34 466.25 Td (relate ) Tj ET Q q 0 0 0 rg BT 257.29 466.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 297.25 466.25 Td (to ) Tj ET Q q 0 0 0 rg BT 307.78 466.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 359.96 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 377.15 466.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 430.42 466.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 477.61 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 494.80 466.25 Td (support ) Tj ET Q q 0 0 0 rg BT 527.55 466.25 Td (for ) Tj ET Q q 0 0 0 rg BT 541.96 466.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.25 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 99.21 454.25 Td (including ) Tj ET Q q 0 0 0 rg BT 139.76 454.25 Td (closure ) Tj ET Q q 0 0 0 rg BT 171.41 454.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 226.38 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.48 454.25 Td (various ) Tj ET Q q 0 0 0 rg BT 269.69 454.25 Td (ener) Tj ET Q q 0 0 0 rg BT 286.72 454.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 299.49 454.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 333.91 454.25 Td (when ) Tj ET Q q 0 0 0 rg BT 358.35 454.25 Td (such ) Tj ET Q q 0 0 0 rg BT 379.45 454.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 413.87 454.25 Td (cease ) Tj ET Q q 0 0 0 rg BT 438.29 454.25 Td (operating. ) Tj ET Q q 0 0 0 rg BT 481.12 454.25 Td (W) Tj ET Q q 0 0 0 rg BT 489.76 454.25 Td (ere ) Tj ET Q q 0 0 0 rg BT 504.74 454.25 Td (these ) Tj ET Q q 0 0 0 rg BT 528.06 454.25 Td (bonds ) Tj ET Q q 0 0 0 rg BT 554.72 454.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.25 Td (be ) Tj ET Q q 0 0 0 rg BT 61.44 442.25 Td (drawn ) Tj ET Q q 0 0 0 rg BT 88.93 442.25 Td (upon, ) Tj ET Q q 0 0 0 rg BT 113.93 442.25 Td (we ) Tj ET Q q 0 0 0 rg BT 128.09 442.25 Td (would ) Tj ET Q q 0 0 0 rg BT 155.59 442.25 Td (have ) Tj ET Q q 0 0 0 rg BT 176.97 442.25 Td (a ) Tj ET Q q 0 0 0 rg BT 183.90 442.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 230.82 442.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 273.88 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 284.15 442.25 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 327.76 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 342.47 442.25 Td (surety ) Tj ET Q q 0 0 0 rg BT 369.41 442.25 Td (company) Tj ET Q q 0 0 0 rg BT 405.42 442.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 424.25 Td (W) Tj ET Q q 0 0 0 rg BT 70.14 424.25 Td (e ) Tj ET Q q 0 0 0 rg BT 77.79 424.25 Td (have ) Tj ET Q q 0 0 0 rg BT 99.89 424.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 130.31 424.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 175.73 424.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 223.39 424.25 Td (related ) Tj ET Q q 0 0 0 rg BT 253.81 424.25 Td (to ) Tj ET Q q 0 0 0 rg BT 264.81 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 280.24 424.25 Td (7.25% ) Tj ET Q q 0 0 0 rg BT 309.29 424.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 338.34 424.25 Td (6.375% ) Tj ET Q q 0 0 0 rg BT 372.38 424.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 401.43 424.25 Td (5.875% ) Tj ET Q q 0 0 0 rg BT 435.48 424.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 464.52 424.25 Td (and ) Tj ET Q q 0 0 0 rg BT 481.95 424.25 Td (T) Tj ET Q q 0 0 0 rg BT 487.36 424.25 Td (ax-Exempt ) Tj ET Q q 0 0 0 rg BT 534.44 424.25 Td (Bonds. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.25 Td (Holders ) Tj ET Q q 0 0 0 rg BT 83.68 412.25 Td (may ) Tj ET Q q 0 0 0 rg BT 103.42 412.25 Td (require ) Tj ET Q q 0 0 0 rg BT 134.26 412.25 Td (us ) Tj ET Q q 0 0 0 rg BT 145.67 412.25 Td (to ) Tj ET Q q 0 0 0 rg BT 155.97 412.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 201.80 412.25 Td (their ) Tj ET Q q 0 0 0 rg BT 222.65 412.25 Td (7.25% ) Tj ET Q q 0 0 0 rg BT 251.00 412.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 279.35 412.25 Td (6.375% ) Tj ET Q q 0 0 0 rg BT 312.70 412.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 341.06 412.25 Td (5.875% ) Tj ET Q q 0 0 0 rg BT 374.41 412.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 400.26 412.25 Td (and ) Tj ET Q q 0 0 0 rg BT 417.04 412.25 Td (T) Tj ET Q q 0 0 0 rg BT 422.45 412.25 Td (ax-Exempt ) Tj ET Q q 0 0 0 rg BT 468.84 412.25 Td (Bonds ) Tj ET Q q 0 0 0 rg BT 496.93 412.25 Td (if ) Tj ET Q q 0 0 0 rg BT 505.56 412.25 Td (a ) Tj ET Q q 0 0 0 rg BT 512.52 412.25 Td (fundamental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.25 Td (change ) Tj ET Q q 0 0 0 rg BT 79.40 400.25 Td (occurs. ) Tj ET Q q 0 0 0 rg BT 109.59 400.25 Td (For ) Tj ET Q q 0 0 0 rg BT 125.07 400.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 157.75 400.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 187.64 400.25 Td (related ) Tj ET Q q 0 0 0 rg BT 216.43 400.25 Td (to ) Tj ET Q q 0 0 0 rg BT 225.80 400.25 Td (the ) Tj ET Q q 0 0 0 rg BT 239.60 400.25 Td (redemption ) Tj ET Q q 0 0 0 rg BT 286.73 400.25 Td (features ) Tj ET Q q 0 0 0 rg BT 319.96 400.25 Td (of ) Tj ET Q q 0 0 0 rg BT 329.88 400.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.68 400.25 Td (5.875%Notes, ) Tj ET Q q 0 0 0 rg BT 404.43 400.25 Td (7.25%Notes ) Tj ET Q q 0 0 0 rg BT 457.68 400.25 Td (or ) Tj ET Q q 0 0 0 rg BT 467.60 400.25 Td (6.375%Notes, ) Tj ET Q q 0 0 0 rg BT 528.34 400.25 Td (see) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 541.11 400.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 543.61 400.25 Td (Note ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 388.25 Td (1) Tj ET Q q 0 0 0 rg BT 53.76 388.25 Td (1.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.26 388.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.76 388.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 119.59 388.25 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.03 388.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 370.25 Td (W) Tj ET Q q 0 0 0 rg BT 70.14 370.25 Td (e ) Tj ET Q q 0 0 0 rg BT 77.63 370.25 Td (have ) Tj ET Q q 0 0 0 rg BT 99.57 370.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 127.63 370.25 Td (or ) Tj ET Q q 0 0 0 rg BT 139.02 370.25 Td (are ) Tj ET Q q 0 0 0 rg BT 154.28 370.25 Td (party ) Tj ET Q q 0 0 0 rg BT 177.89 370.25 Td (to ) Tj ET Q q 0 0 0 rg BT 188.72 370.25 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 234.53 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 252.03 370.25 Td (related ) Tj ET Q q 0 0 0 rg BT 282.29 370.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 329.77 370.25 Td (support ) Tj ET Q q 0 0 0 rg BT 362.83 370.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 410.33 370.25 Td (undertaken ) Tj ET Q q 0 0 0 rg BT 457.81 370.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 495.31 370.25 Td (to ) Tj ET Q q 0 0 0 rg BT 506.14 370.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 554.73 370.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.25 Td (construct ) Tj ET Q q 0 0 0 rg BT 89.07 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 106.43 358.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 138.77 358.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 164.46 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 181.82 358.25 Td (ener) Tj ET Q q 0 0 0 rg BT 198.85 358.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 211.76 358.25 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 251.61 358.25 Td (For ) Tj ET Q q 0 0 0 rg BT 268.42 358.25 Td (some ) Tj ET Q q 0 0 0 rg BT 292.45 358.25 Td (projects, ) Tj ET Q q 0 0 0 rg BT 329.52 358.25 Td (such ) Tj ET Q q 0 0 0 rg BT 350.77 358.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 404.21 358.25 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 449.89 358.25 Td (include ) Tj ET Q q 0 0 0 rg BT 482.24 358.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 529.60 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 540.30 358.25 Td (repay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 79.35 346.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 116.98 346.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 164.07 346.25 Td (if ) Tj ET Q q 0 0 0 rg BT 172.83 346.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.70 346.25 Td (project ) Tj ET Q q 0 0 0 rg BT 218.11 346.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 252.40 346.25 Td (is ) Tj ET Q q 0 0 0 rg BT 261.72 346.25 Td (insuf) Tj ET Q q 0 0 0 rg BT 281.54 346.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 309.73 346.25 Td (to ) Tj ET Q q 0 0 0 rg BT 320.16 346.25 Td (do ) Tj ET Q q 0 0 0 rg BT 332.81 346.25 Td (so, ) Tj ET Q q 0 0 0 rg BT 346.85 346.25 Td (or ) Tj ET Q q 0 0 0 rg BT 357.83 346.25 Td (to ) Tj ET Q q 0 0 0 rg BT 368.25 346.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 395.90 346.25 Td (or ) Tj ET Q q 0 0 0 rg BT 406.88 346.25 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 448.39 346.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 488.80 346.25 Td (for ) Tj ET Q q 0 0 0 rg BT 503.11 346.25 Td (a ) Tj ET Q q 0 0 0 rg BT 510.20 346.25 Td (project. ) Tj ET Q q 0 0 0 rg BT 542.92 346.25 Td (W) Tj ET Q q 0 0 0 rg BT 551.96 346.25 Td (ith ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 80.66 334.25 Td (to ) Tj ET Q q 0 0 0 rg BT 91.28 334.25 Td (our ) Tj ET Q q 0 0 0 rg BT 107.45 334.25 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 155.01 334.25 Td (we ) Tj ET Q q 0 0 0 rg BT 169.51 334.25 Td (have ) Tj ET Q q 0 0 0 rg BT 191.23 334.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 219.07 334.25 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 264.66 334.25 Td (to ) Tj ET Q q 0 0 0 rg BT 275.28 334.25 Td (municipal ) Tj ET Q q 0 0 0 rg BT 318.11 334.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 347.06 334.25 Td (and ) Tj ET Q q 0 0 0 rg BT 364.34 334.25 Td (other ) Tj ET Q q 0 0 0 rg BT 387.72 334.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 417.22 334.25 Td (that ) Tj ET Q q 0 0 0 rg BT 435.06 334.25 Td (our ) Tj ET Q q 0 0 0 rg BT 451.23 334.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 501.29 334.25 Td (will ) Tj ET Q q 0 0 0 rg BT 519.68 334.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 554.73 334.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 96.32 322.25 Td (with ) Tj ET Q q 0 0 0 rg BT 115.95 322.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 162.23 322.25 Td (terms, ) Tj ET Q q 0 0 0 rg BT 188.80 322.25 Td (including, ) Tj ET Q q 0 0 0 rg BT 230.93 322.25 Td (where ) Tj ET Q q 0 0 0 rg BT 257.22 322.25 Td (required, ) Tj ET Q q 0 0 0 rg BT 294.89 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 308.96 322.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 345.26 322.25 Td (of ) Tj ET Q q 0 0 0 rg BT 355.44 322.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 392.28 322.25 Td (or ) Tj ET Q q 0 0 0 rg BT 402.47 322.25 Td (other ) Tj ET Q q 0 0 0 rg BT 424.88 322.25 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 473.27 322.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 523.17 322.25 Td (, ) Tj ET Q q 0 0 0 rg BT 527.52 322.25 Td (damages ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 83.67 310.25 Td (under ) Tj ET Q q 0 0 0 rg BT 109.51 310.25 Td (such ) Tj ET Q q 0 0 0 rg BT 130.91 310.25 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 176.74 310.25 Td (for ) Tj ET Q q 0 0 0 rg BT 191.47 310.25 Td (our ) Tj ET Q q 0 0 0 rg BT 207.87 310.25 Td (ener) Tj ET Q q 0 0 0 rg BT 224.90 310.25 Td (gy-from-waste ) Tj ET Q q 0 0 0 rg BT 286.84 310.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 324.34 310.25 Td (could ) Tj ET Q q 0 0 0 rg BT 349.63 310.25 Td (expose ) Tj ET Q q 0 0 0 rg BT 380.47 310.25 Td (us ) Tj ET Q q 0 0 0 rg BT 392.44 310.25 Td (to ) Tj ET Q q 0 0 0 rg BT 403.29 310.25 Td (recourse ) Tj ET Q q 0 0 0 rg BT 440.23 310.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 474.41 310.25 Td (on ) Tj ET Q q 0 0 0 rg BT 487.48 310.25 Td (project ) Tj ET Q q 0 0 0 rg BT 518.32 310.25 Td (debt. ) Tj ET Q q 0 0 0 rg BT 541.11 310.25 Td (If ) Tj ET Q q 0 0 0 rg BT 550.84 310.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.25 Td (must ) Tj ET Q q 0 0 0 rg BT 72.00 298.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 107.25 298.25 Td (under ) Tj ET Q q 0 0 0 rg BT 133.06 298.25 Td (one ) Tj ET Q q 0 0 0 rg BT 150.55 298.25 Td (or ) Tj ET Q q 0 0 0 rg BT 161.93 298.25 Td (more ) Tj ET Q q 0 0 0 rg BT 185.52 298.25 Td (of ) Tj ET Q q 0 0 0 rg BT 196.90 298.25 Td (such ) Tj ET Q q 0 0 0 rg BT 218.27 298.25 Td (guarantees, ) Tj ET Q q 0 0 0 rg BT 266.58 298.25 Td (our ) Tj ET Q q 0 0 0 rg BT 282.95 298.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 317.11 298.25 Td (for ) Tj ET Q q 0 0 0 rg BT 331.81 298.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 369.85 298.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 392.89 298.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 428.14 298.25 Td (termination ) Tj ET Q q 0 0 0 rg BT 477.29 298.25 Td (would ) Tj ET Q q 0 0 0 rg BT 505.33 298.25 Td (be ) Tj ET Q q 0 0 0 rg BT 517.82 298.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 552.51 298.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 74.61 286.25 Td (held ) Tj ET Q q 0 0 0 rg BT 94.72 286.25 Td (in ) Tj ET Q q 0 0 0 rg BT 105.40 286.25 Td (trust ) Tj ET Q q 0 0 0 rg BT 126.07 286.25 Td (and ) Tj ET Q q 0 0 0 rg BT 143.40 286.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 181.83 286.25 Td (from ) Tj ET Q q 0 0 0 rg BT 204.16 286.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 226.49 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.72 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.83 286.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 290.15 286.25 Td (securing ) Tj ET Q q 0 0 0 rg BT 326.92 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 342.03 286.25 Td (project ) Tj ET Q q 0 0 0 rg BT 372.68 286.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 392.79 286.25 Td (and ) Tj ET Q q 0 0 0 rg BT 410.13 286.25 Td (is ) Tj ET Q q 0 0 0 rg BT 419.69 286.25 Td (presently ) Tj ET Q q 0 0 0 rg BT 459.24 286.25 Td (not ) Tj ET Q q 0 0 0 rg BT 474.91 286.25 Td (estimable. ) Tj ET Q q 0 0 0 rg BT 518.62 286.25 Td (Depending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 70.91 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 84.54 274.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 142.60 274.25 Td (giving ) Tj ET Q q 0 0 0 rg BT 169.56 274.25 Td (rise ) Tj ET Q q 0 0 0 rg BT 185.42 274.25 Td (to ) Tj ET Q q 0 0 0 rg BT 194.61 274.25 Td (such ) Tj ET Q q 0 0 0 rg BT 214.35 274.25 Td (damages, ) Tj ET Q q 0 0 0 rg BT 253.25 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 266.88 274.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 312.71 274.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 336.34 274.25 Td (of ) Tj ET Q q 0 0 0 rg BT 346.08 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.71 274.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 402.21 274.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 442.22 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 458.07 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.70 274.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 505.31 274.25 Td (counterparty) Tj ET Q q 0 0 0 rg BT 558.62 274.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.25 Td (choice ) Tj ET Q q 0 0 0 rg BT 78.18 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 89.10 262.25 Td (remedy ) Tj ET Q q 0 0 0 rg BT 121.68 262.25 Td (at ) Tj ET Q q 0 0 0 rg BT 131.49 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.29 262.25 Td (time ) Tj ET Q q 0 0 0 rg BT 166.66 262.25 Td (a ) Tj ET Q q 0 0 0 rg BT 173.69 262.25 Td (claim ) Tj ET Q q 0 0 0 rg BT 198.49 262.25 Td (against ) Tj ET Q q 0 0 0 rg BT 229.40 262.25 Td (a ) Tj ET Q q 0 0 0 rg BT 236.43 262.25 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 277.89 262.25 Td (is ) Tj ET Q q 0 0 0 rg BT 287.15 262.25 Td (made, ) Tj ET Q q 0 0 0 rg BT 313.89 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 328.70 262.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 365.18 262.25 Td (owed ) Tj ET Q q 0 0 0 rg BT 389.43 262.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 426.46 262.25 Td (to ) Tj ET Q q 0 0 0 rg BT 436.82 262.25 Td (one ) Tj ET Q q 0 0 0 rg BT 453.85 262.25 Td (or ) Tj ET Q q 0 0 0 rg BT 464.77 262.25 Td (more ) Tj ET Q q 0 0 0 rg BT 487.91 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 498.83 262.25 Td (such ) Tj ET Q q 0 0 0 rg BT 519.75 262.25 Td (guarantees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.25 Td (could ) Tj ET Q q 0 0 0 rg BT 73.88 250.25 Td (be ) Tj ET Q q 0 0 0 rg BT 85.47 250.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 115.38 250.25 Td (than ) Tj ET Q q 0 0 0 rg BT 134.76 250.25 Td (our ) Tj ET Q q 0 0 0 rg BT 150.25 250.25 Td (then-available ) Tj ET Q q 0 0 0 rg BT 209.04 250.25 Td (sources ) Tj ET Q q 0 0 0 rg BT 241.19 250.25 Td (of ) Tj ET Q q 0 0 0 rg BT 251.68 250.25 Td (funds. ) Tj ET Q q 0 0 0 rg BT 278.40 250.25 Td (T) Tj ET Q q 0 0 0 rg BT 283.81 250.25 Td (o ) Tj ET Q q 0 0 0 rg BT 290.97 250.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 312.28 250.25 Td (we ) Tj ET Q q 0 0 0 rg BT 326.10 250.25 Td (have ) Tj ET Q q 0 0 0 rg BT 347.14 250.25 Td (not ) Tj ET Q q 0 0 0 rg BT 362.07 250.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 397.55 250.25 Td (material ) Tj ET Q q 0 0 0 rg BT 432.46 250.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 471.84 250.25 Td (under ) Tj ET Q q 0 0 0 rg BT 496.77 250.25 Td (such ) Tj ET Q q 0 0 0 rg BT 517.25 250.25 Td (guarantees.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 58.50 232.25 Td (Dublin EfW) Tj ET Q q 0 0 0 rg BT 108.61 232.25 Td ( Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 214.25 Td (In ) Tj ET Q q 0 0 0 rg BT 69.23 214.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 115.50 214.25 Td (with ) Tj ET Q q 0 0 0 rg BT 135.68 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.30 214.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 190.46 214.25 Td (of ) Tj ET Q q 0 0 0 rg BT 201.19 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 215.81 214.25 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 245.99 214.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 264.68 214.25 Td ( ) Tj ET Q q 0 0 0 rg BT 267.08 214.25 Td (facility) Tj ET Q q 0 0 0 rg BT 294.75 214.25 Td (, ) Tj ET Q q 0 0 0 rg BT 299.65 214.25 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 335.38 214.25 Td (Ener) Tj ET Q q 0 0 0 rg BT 354.07 214.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 366.47 214.25 Td (has ) Tj ET Q q 0 0 0 rg BT 382.20 214.25 Td (made ) Tj ET Q q 0 0 0 rg BT 406.26 214.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 463.10 214.25 Td (for ) Tj ET Q q 0 0 0 rg BT 477.16 214.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 521.77 214.25 Td (support ) Tj ET Q q 0 0 0 rg BT 554.17 214.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.25 Td (follows: ) Tj ET Q q 0 0 0 rg BT 85.88 202.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 101.14 202.25 Td (lending ) Tj ET Q q 0 0 0 rg BT 134.73 202.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 192.77 202.25 Td (up ) Tj ET Q q 0 0 0 rg BT 206.37 202.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.74 202.25 Td (25 ) Tj ET Q q 0 0 0 rg BT 236.34 202.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.23 202.25 Td ( ) Tj ET Q q 0 0 0 rg BT 268.83 202.25 Td (to ) Tj ET Q q 0 0 0 rg BT 280.21 202.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 302.14 202.25 Td (working ) Tj ET Q q 0 0 0 rg BT 339.07 202.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 369.31 202.25 Td (shortfalls ) Tj ET Q q 0 0 0 rg BT 410.13 202.25 Td (in ) Tj ET Q q 0 0 0 rg BT 421.51 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 437.32 202.25 Td (project ) Tj ET Q q 0 0 0 rg BT 468.68 202.25 Td (company ) Tj ET Q q 0 0 0 rg BT 508.94 202.25 Td (under ) Tj ET Q q 0 0 0 rg BT 535.31 202.25 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 107.94 190.25 Td (during ) Tj ET Q q 0 0 0 rg BT 135.85 190.25 Td (operations; ) Tj ET Q q 0 0 0 rg BT 182.09 190.25 Td (and ) Tj ET Q q 0 0 0 rg BT 198.33 190.25 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 211.79 190.25 Td (up ) Tj ET Q q 0 0 0 rg BT 223.59 190.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.17 190.25 Td (75 ) Tj ET Q q 0 0 0 rg BT 249.97 190.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.87 190.25 Td ( ) Tj ET Q q 0 0 0 rg BT 280.67 190.25 Td (commitment ) Tj ET Q q 0 0 0 rg BT 333.02 190.25 Td (in ) Tj ET Q q 0 0 0 rg BT 342.60 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 356.61 190.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 397.28 190.25 Td (to ) Tj ET Q q 0 0 0 rg BT 406.86 190.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 439.21 190.25 Td (support ) Tj ET Q q 0 0 0 rg BT 471.01 190.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 511.14 190.25 Td (to ) Tj ET Q q 0 0 0 rg BT 520.72 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 534.73 190.25 Td (project ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.25 Td (company) Tj ET Q q 0 0 0 rg BT 85.51 178.25 Td (, ) Tj ET Q q 0 0 0 rg BT 90.50 178.25 Td (under ) Tj ET Q q 0 0 0 rg BT 115.77 178.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 145.47 178.25 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 207.11 178.25 Td (in ) Tj ET Q q 0 0 0 rg BT 217.38 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.10 178.25 Td (event ) Tj ET Q q 0 0 0 rg BT 256.25 178.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 281.52 178.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 315.66 178.25 Td (falls ) Tj ET Q q 0 0 0 rg BT 335.37 178.25 Td (below ) Tj ET Q q 0 0 0 rg BT 362.31 178.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 403.70 178.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 429.52 178.25 Td (\(set ) Tj ET Q q 0 0 0 rg BT 446.46 178.25 Td (far ) Tj ET Q q 0 0 0 rg BT 460.05 178.25 Td (below ) Tj ET Q q 0 0 0 rg BT 486.99 178.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 533.35 178.25 Td (levels\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.25 Td (For ) Tj ET Q q 0 0 0 rg BT 65.21 166.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 107.01 166.25 Td (information ) Tj ET Q q 0 0 0 rg BT 156.04 166.25 Td (on ) Tj ET Q q 0 0 0 rg BT 167.86 166.25 Td (the ) Tj ET Q q 0 0 0 rg BT 181.89 166.25 Td (Dublin ) Tj ET Q q 0 0 0 rg BT 211.49 166.25 Td (EfW) Tj ET Q q 0 0 0 rg BT 230.18 166.25 Td ( ) Tj ET Q q 0 0 0 rg BT 232.00 166.25 Td (facility) Tj ET Q q 0 0 0 rg BT 259.67 166.25 Td (, ) Tj ET Q q 0 0 0 rg BT 263.99 166.25 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 278.57 166.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 299.28 166.25 Td (3.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 306.78 166.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 308.59 166.25 Td (New ) Tj ET Q q 0 0 0 rg BT 328.19 166.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 365.00 166.25 Td (and ) Tj ET Q q 0 0 0 rg BT 381.69 166.25 Td (Asset ) Tj ET Q q 0 0 0 rg BT 404.61 166.25 Td (Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.82 166.25 Td ( ) Tj ET Q q 0 0 0 rg BT 458.64 166.25 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 474.89 166.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 495.59 166.25 Td (1) Tj ET Q q 0 0 0 rg BT 499.85 166.25 Td (1.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 507.35 166.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 509.17 166.25 Td (Consolidated ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 154.25 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.94 154.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 58.50 136.25 Td (New ) Tj ET Q q 0 0 0 rg BT 79.15 136.25 Td (Y) Tj ET Q q 0 0 0 rg BT 84.15 136.25 Td (ork City Contract Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 118.25 Td (In ) Tj ET Q q 0 0 0 rg BT 69.15 118.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 93.96 118.25 Td (New ) Tj ET Q q 0 0 0 rg BT 114.82 118.25 Td (Y) Tj ET Q q 0 0 0 rg BT 121.04 118.25 Td (ork ) Tj ET Q q 0 0 0 rg BT 136.69 118.25 Td (City ) Tj ET Q q 0 0 0 rg BT 156.23 118.25 Td (awarded ) Tj ET Q q 0 0 0 rg BT 192.41 118.25 Td (us ) Tj ET Q q 0 0 0 rg BT 203.62 118.25 Td (a ) Tj ET Q q 0 0 0 rg BT 210.38 118.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 244.90 118.25 Td (to ) Tj ET Q q 0 0 0 rg BT 254.99 118.25 Td (handle ) Tj ET Q q 0 0 0 rg BT 283.96 118.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 309.05 118.25 Td (transport ) Tj ET Q q 0 0 0 rg BT 346.91 118.25 Td (and ) Tj ET Q q 0 0 0 rg BT 363.67 118.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 398.76 118.25 Td (from ) Tj ET Q q 0 0 0 rg BT 420.52 118.25 Td (two ) Tj ET Q q 0 0 0 rg BT 437.84 118.25 Td (marine ) Tj ET Q q 0 0 0 rg BT 467.92 118.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 500.77 118.25 Td (stations ) Tj ET Q q 0 0 0 rg BT 533.64 118.25 Td (located ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.90 106.25 Td (Queens ) Tj ET Q q 0 0 0 rg BT 92.52 106.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.58 106.25 Td (Manhattan. ) Tj ET Q q 0 0 0 rg BT 157.47 106.25 Td (Service ) Tj ET Q q 0 0 0 rg BT 190.08 106.25 Td (for ) Tj ET Q q 0 0 0 rg BT 204.36 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.20 106.25 Td (Queens ) Tj ET Q q 0 0 0 rg BT 251.82 106.25 Td (marine ) Tj ET Q q 0 0 0 rg BT 282.21 106.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 315.37 106.25 Td (station ) Tj ET Q q 0 0 0 rg BT 344.66 106.25 Td (began ) Tj ET Q q 0 0 0 rg BT 371.16 106.25 Td (in ) Tj ET Q q 0 0 0 rg BT 381.56 106.25 Td (early ) Tj ET Q q 0 0 0 rg BT 404.17 106.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 429.30 106.25 Td (service ) Tj ET Q q 0 0 0 rg BT 460.24 106.25 Td (for ) Tj ET Q q 0 0 0 rg BT 474.52 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.36 106.25 Td (Manhattan ) Tj ET Q q 0 0 0 rg BT 534.75 106.25 Td (marine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 82.29 94.25 Td (station ) Tj ET Q q 0 0 0 rg BT 111.22 94.25 Td (is ) Tj ET Q q 0 0 0 rg BT 120.14 94.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 157.93 94.25 Td (to ) Tj ET Q q 0 0 0 rg BT 167.97 94.25 Td (follow ) Tj ET Q q 0 0 0 rg BT 196.33 94.25 Td (pending ) Tj ET Q q 0 0 0 rg BT 230.81 94.25 Td (notice ) Tj ET Q q 0 0 0 rg BT 257.50 94.25 Td (to ) Tj ET Q q 0 0 0 rg BT 267.54 94.25 Td (proceed ) Tj ET Q q 0 0 0 rg BT 301.44 94.25 Td (to ) Tj ET Q q 0 0 0 rg BT 311.47 94.25 Td (be ) Tj ET Q q 0 0 0 rg BT 323.17 94.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 350.43 94.25 Td (by ) Tj ET Q q 0 0 0 rg BT 362.68 94.25 Td (New ) Tj ET Q q 0 0 0 rg BT 383.49 94.25 Td (Y) Tj ET Q q 0 0 0 rg BT 389.71 94.25 Td (ork ) Tj ET Q q 0 0 0 rg BT 405.30 94.25 Td (City ) Tj ET Q q 0 0 0 rg BT 424.78 94.25 Td (which ) Tj ET Q q 0 0 0 rg BT 451.48 94.25 Td (is ) Tj ET Q q 0 0 0 rg BT 460.40 94.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 506.53 94.25 Td (in ) Tj ET Q q 0 0 0 rg BT 516.56 94.25 Td (2018. ) Tj ET Q q 0 0 0 rg BT 540.82 94.25 Td (As ) Tj ET Q q 0 0 0 rg BT 554.19 94.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 107.83 82.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.83 82.25 Td (, ) Tj ET Q q 0 0 0 rg BT 132.58 82.25 Td (we ) Tj ET Q q 0 0 0 rg BT 146.49 82.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 174.83 82.25 Td (to ) Tj ET Q q 0 0 0 rg BT 184.85 82.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 207.65 82.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.65 82.25 Td ($33 ) Tj ET Q q 0 0 0 rg BT 284.90 82.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.79 82.25 Td ( ) Tj ET Q q 0 0 0 rg BT 316.04 82.25 Td (of ) Tj ET Q q 0 0 0 rg BT 326.62 82.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 368.86 82.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 397.75 82.25 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 453.60 82.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 493.06 82.25 Td (for ) Tj ET Q q 0 0 0 rg BT 506.96 82.25 Td (transportation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.25 Td (equipment.) Tj ET Q endstream endobj 221 0 obj <>] /Rotate 0 /Contents 222 0 R>> endobj 222 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.30 760.60 Td (COV) Tj ET Q q 0 0 0 rg BT 190.23 760.60 Td (ANT) Tj ET Q q 0 0 0 rg BT 210.60 760.60 Td (A) Tj ET Q q 0 0 0 rg BT 217.27 760.60 Td ( HOLDING CORPORA) Tj ET Q q 0 0 0 rg BT 320.42 760.60 Td (TION ) Tj ET Q q 0 0 0 rg BT 347.93 760.60 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.30 748.60 Td (NOTES) Tj ET Q q 0 0 0 rg BT 181.52 748.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.01 748.60 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 258.11 748.60 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 337.29 748.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.28 748.60 Td (A) Tj ET Q q 0 0 0 rg BT 357.76 748.60 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 33.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 33.60 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 726.25 Td (NOTE19.QUAR) Tj ET Q q 0 0 0 rg BT 124.93 726.25 Td (TERL) Tj ET Q q 0 0 0 rg BT 151.25 726.25 Td (Y) Tj ET Q q 0 0 0 rg BT 158.10 726.25 Td ( DA) Tj ET Q q 0 0 0 rg BT 174.30 726.25 Td (T) Tj ET Q q 0 0 0 rg BT 180.22 726.25 Td (A) Tj ET Q q 0 0 0 rg BT 186.89 726.25 Td ( \(UNAUDITED\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 709.25 Td (The ) Tj ET Q q 0 0 0 rg BT 77.94 709.25 Td (following ) Tj ET Q q 0 0 0 rg BT 120.22 709.25 Td (table ) Tj ET Q q 0 0 0 rg BT 143.04 709.25 Td (presents ) Tj ET Q q 0 0 0 rg BT 179.21 709.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 218.69 709.25 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 261.52 709.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 299.89 709.25 Td (data ) Tj ET Q q 0 0 0 rg BT 319.94 709.25 Td (for ) Tj ET Q q 0 0 0 rg BT 334.99 709.25 Td (the ) Tj ET Q q 0 0 0 rg BT 350.60 709.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 383.43 709.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 425.14 709.25 Td (on ) Tj ET Q q 0 0 0 rg BT 438.53 709.25 Td (the ) Tj ET Q q 0 0 0 rg BT 454.14 709.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 508.08 709.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 553.68 709.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 94.16 697.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 107.76 697.25 Td (millions, ) Tj ET Q q 0 0 0 rg BT 145.55 697.25 Td (except ) Tj ET Q q 0 0 0 rg BT 174.14 697.25 Td (per ) Tj ET Q q 0 0 0 rg BT 189.41 697.25 Td (share ) Tj ET Q q 0 0 0 rg BT 213.01 697.25 Td (amounts\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 650.75 136.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 650.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 650.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 650.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 650.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 650.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 650.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 650.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 650.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 650.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 650.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 650.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 650.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 650.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 650.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 650.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 650.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 622.75 136.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 622.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 622.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 622.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 622.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 622.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 622.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 622.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 622.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 622.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 622.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 622.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 622.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 622.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 622.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 622.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 622.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 578.75 136.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 578.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 578.75 43.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 578.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 578.75 43.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 578.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 578.75 43.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 578.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 578.75 43.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 578.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 578.75 43.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 578.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 578.75 43.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 578.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 578.75 43.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 578.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 578.75 43.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 532.75 136.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 532.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 532.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 532.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 532.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 532.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 532.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 532.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 532.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 532.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 532.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 532.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 532.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 532.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 532.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 532.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 532.75 43.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 518.75 136.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 511.75 136.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 511.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 511.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 511.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 511.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 511.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 511.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 511.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 511.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 511.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 511.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 511.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 511.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 511.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 511.75 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 511.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 511.75 43.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 674.75 m 233.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 674.75 m 237.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 674.75 m 280.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 674.75 m 284.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 674.75 m 327.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 674.75 m 331.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 674.75 m 374.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 674.75 m 378.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 674.75 m 421.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 674.75 m 425.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 674.75 m 468.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 674.75 m 472.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 674.75 m 515.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 674.75 m 519.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 674.75 m 562.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 662.75 m 233.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 662.75 m 237.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 662.75 m 280.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 662.75 m 327.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 662.75 m 331.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 662.75 m 374.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 662.75 m 421.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 662.75 m 425.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 662.75 m 468.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 662.75 m 515.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 662.75 m 519.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 662.75 m 562.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 662.75 m 233.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 650.75 m 233.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 662.75 m 237.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 662.75 m 280.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 650.75 m 280.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 662.75 m 327.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 650.75 m 327.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 662.75 m 331.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 662.75 m 374.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 650.75 m 374.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 662.75 m 421.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 650.75 m 421.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 662.75 m 425.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 662.75 m 468.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 650.75 m 468.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 662.75 m 515.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 650.75 m 515.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 662.75 m 519.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 662.75 m 562.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 650.75 m 562.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 650.75 m 233.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 650.75 m 280.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 650.75 m 327.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 650.75 m 374.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 650.75 m 421.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 650.75 m 468.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 650.75 m 515.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 650.75 m 562.5 650.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 678.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.00 678.83 Td (Calendar Quarter Ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 666.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.50 666.83 Td (March31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.75 666.83 Td (June30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.60 666.83 Td (September30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.75 666.83 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 654.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 203.50 654.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.50 654.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.50 654.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.50 654.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.50 654.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.50 654.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.50 654.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.50 654.83 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 642.01 Td (Operating revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 641.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 216.50 641.21 Td (403) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 240.00 641.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 263.50 641.21 Td (383) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.00 641.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.50 641.21 Td (418) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.00 641.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 357.50 641.21 Td (408) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.00 641.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 641.21 Td (421) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 428.00 641.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 641.21 Td (422) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 641.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.50 641.21 Td (457) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 641.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.50 641.21 Td (432) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 628.01 Td (Operating \(loss\) income ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 142.23 632.09 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 627.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 218.00 627.21 Td (\(14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 230.00 627.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 240.00 627.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 272.50 627.21 Td (7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.00 627.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.50 627.21 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.00 627.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.00 627.21 Td (\(15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.00 627.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.00 627.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.00 627.21 Td (60) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 428.00 627.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.00 627.21 Td (74) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 627.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.00 627.21 Td (58) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 627.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 627.21 Td (43) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 614.01 Td (Net \(loss\) income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 613.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 218.00 613.21 Td (\(37) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 230.00 613.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 240.00 613.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 265.00 613.21 Td (\(37) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.00 613.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.00 613.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.00 613.21 Td (\(29) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 613.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.00 613.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.50 613.21 Td (\(6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.00 613.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.00 613.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.00 613.21 Td (54) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 428.00 613.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.00 613.21 Td (34) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 613.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.50 613.21 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 613.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 613.21 Td (78) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 599.21 Td (Net \(loss\) income attributable to) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 590.21 Td (Covanta Holding Corporation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 590.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 218.00 590.21 Td (\(37) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 230.00 590.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 240.00 590.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 265.00 590.21 Td (\(37) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.00 590.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.00 590.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.00 590.21 Td (\(29) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 590.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.00 590.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.50 590.21 Td (\(6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.00 590.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.00 590.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.00 590.21 Td (54) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 428.00 590.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.00 590.21 Td (34) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 590.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.50 590.21 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 590.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 590.21 Td (77) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 570.01 Td (\(Loss\) Earnings per share) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 561.01 Td (attributable to Covanta Holding) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 552.01 Td (Corporation stockholders:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 538.01 Td (Basic) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 537.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.25 537.21 Td (\(0.29) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 230.00 537.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 240.00 537.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.25 537.21 Td (\(0.28) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.00 537.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.00 537.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.25 537.21 Td (\(0.23) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 537.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.00 537.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 352.25 537.21 Td (\(0.05) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.00 537.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.00 537.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.25 537.21 Td (0.42) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 428.00 537.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 537.21 Td (0.26) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 537.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.25 537.21 Td (0.06) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 537.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.25 537.21 Td (0.59) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 524.01 Td (Diluted) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 523.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.25 523.21 Td (\(0.29) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 230.00 523.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 240.00 523.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.25 523.21 Td (\(0.28) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.00 523.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.00 523.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.25 523.21 Td (\(0.23) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 523.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.00 523.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 352.25 523.21 Td (\(0.05) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.00 523.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.00 523.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.25 523.21 Td (0.42) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 428.00 523.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 523.21 Td (0.25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 523.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.25 523.21 Td (0.06) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 523.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.25 523.21 Td (0.58) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 503.01 Td (Cash dividend declared per share:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 502.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 214.25 502.21 Td (0.25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 240.00 502.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.25 502.21 Td (0.25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.00 502.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.25 502.21 Td (0.25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.00 502.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.25 502.21 Td (0.25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.00 502.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.25 502.21 Td (0.25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 428.00 502.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 502.21 Td (0.25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 502.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.25 502.21 Td (0.25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 502.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.25 502.21 Td (0.25) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 478.78 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.58 474.25 Td (As restated for the quarters ending March 31, June 30, September 30 and December 31, 2015, for reclassification of Net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 462.25 Td (interest expense \(income\) on project debt of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.54 462.25 Td ($2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.94 462.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.94 462.25 Td ($5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.33 462.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.33 462.25 Td ($3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.72 462.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.66 462.25 Td ($\(1\) million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.71 462.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 485.37 462.25 Td (, to Interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 450.25 Td (expense, net on our consolidated statement of operations. ) Tj ET Q q 0 0 0 rg BT 281.05 450.25 Td (As a result, Operating income \(loss\) increased \(decreased\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 438.25 Td (accordingly) Tj ET Q q 0 0 0 rg BT 96.55 438.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 411.25 Td (NOTE20.SUBSEQUENT) Tj ET Q q 0 0 0 rg BT 162.91 411.25 Td ( EVENTS) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 379.9169921875 m 255.5126953125 379.9169921875 l s q 0 0 0 rg BT 50.00 381.25 Td (Southeast Connecticut Ener) Tj ET Q q 0 0 0 rg BT 161.27 381.25 Td (gy-fr) Tj ET Q q 0 0 0 rg BT 180.34 381.25 Td (om -W) Tj ET Q q 0 0 0 rg BT 205.81 381.25 Td (aste Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 366.25 Td (On ) Tj ET Q q 0 0 0 rg BT 76.49 366.25 Td (February ) Tj ET Q q 0 0 0 rg BT 114.85 366.25 Td (22, ) Tj ET Q q 0 0 0 rg BT 129.62 366.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 154.38 366.25 Td (we ) Tj ET Q q 0 0 0 rg BT 168.31 366.25 Td (extended ) Tj ET Q q 0 0 0 rg BT 206.67 366.25 Td (our ) Tj ET Q q 0 0 0 rg BT 222.26 366.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 266.17 366.25 Td (with ) Tj ET Q q 0 0 0 rg BT 286.21 366.25 Td (the ) Tj ET Q q 0 0 0 rg BT 300.70 366.25 Td (Southeastern ) Tj ET Q q 0 0 0 rg BT 354.62 366.25 Td (Connecticut ) Tj ET Q q 0 0 0 rg BT 405.20 366.25 Td (Regional ) Tj ET Q q 0 0 0 rg BT 443.57 366.25 Td (Resource ) Tj ET Q q 0 0 0 rg BT 483.04 366.25 Td (Recovery ) Tj ET Q q 0 0 0 rg BT 523.13 366.25 Td (Authority ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 354.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.54 354.25 Td (an ) Tj ET Q q 0 0 0 rg BT 76.85 354.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 119.72 354.25 Td (four ) Tj ET Q q 0 0 0 rg BT 139.25 354.25 Td (years. ) Tj ET Q q 0 0 0 rg BT 165.09 354.25 Td (As ) Tj ET Q q 0 0 0 rg BT 179.08 354.25 Td (a ) Tj ET Q q 0 0 0 rg BT 186.40 354.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 213.99 354.25 Td (our ) Tj ET Q q 0 0 0 rg BT 230.20 354.25 Td (Southeast ) Tj ET Q q 0 0 0 rg BT 271.96 354.25 Td (Connecticut ) Tj ET Q q 0 0 0 rg BT 323.15 354.25 Td (ener) Tj ET Q q 0 0 0 rg BT 340.18 354.25 Td (gy-from-waste ) Tj ET Q q 0 0 0 rg BT 401.92 354.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 433.12 354.25 Td (is ) Tj ET Q q 0 0 0 rg BT 442.67 354.25 Td (now ) Tj ET Q q 0 0 0 rg BT 462.76 354.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 503.40 354.25 Td (under ) Tj ET Q q 0 0 0 rg BT 529.05 354.25 Td (a ) Tj ET Q q 0 0 0 rg BT 536.36 354.25 Td (tip ) Tj ET Q q 0 0 0 rg BT 549.79 354.25 Td (fee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 342.25 Td (structure.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 310.9169921875 m 224.6875 310.9169921875 l s q 0 0 0 rg BT 50.00 312.25 Td (Fairfax County Ener) Tj ET Q q 0 0 0 rg BT 132.95 312.25 Td (gy-fr) Tj ET Q q 0 0 0 rg BT 152.02 312.25 Td (om-W) Tj ET Q q 0 0 0 rg BT 174.98 312.25 Td (aste Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 297.25 Td (On ) Tj ET Q q 0 0 0 rg BT 76.38 297.25 Td (February ) Tj ET Q q 0 0 0 rg BT 114.64 297.25 Td (2, ) Tj ET Q q 0 0 0 rg BT 124.29 297.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 148.95 297.25 Td (our ) Tj ET Q q 0 0 0 rg BT 164.44 297.25 Td (Fairfax ) Tj ET Q q 0 0 0 rg BT 195.48 297.25 Td (County ) Tj ET Q q 0 0 0 rg BT 227.08 297.25 Td (ener) Tj ET Q q 0 0 0 rg BT 244.11 297.25 Td (gy-from ) Tj ET Q q 0 0 0 rg BT 279.04 297.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 303.96 297.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 334.44 297.25 Td (located ) Tj ET Q q 0 0 0 rg BT 365.47 297.25 Td (in ) Tj ET Q q 0 0 0 rg BT 375.41 297.25 Td (Lorton, ) Tj ET Q q 0 0 0 rg BT 407.13 297.25 Td (V) Tj ET Q q 0 0 0 rg BT 413.75 297.25 Td (ir) Tj ET Q q 0 0 0 rg BT 419.68 297.25 Td (ginia ) Tj ET Q q 0 0 0 rg BT 441.83 297.25 Td (experienced ) Tj ET Q q 0 0 0 rg BT 492.29 297.25 Td (a ) Tj ET Q q 0 0 0 rg BT 498.89 297.25 Td (fire ) Tj ET Q q 0 0 0 rg BT 514.92 297.25 Td (in ) Tj ET Q q 0 0 0 rg BT 524.86 297.25 Td (the ) Tj ET Q q 0 0 0 rg BT 539.23 297.25 Td (front-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.25 Td (end ) Tj ET Q q 0 0 0 rg BT 67.89 285.25 Td (receiving ) Tj ET Q q 0 0 0 rg BT 108.54 285.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 140.87 285.25 Td (of ) Tj ET Q q 0 0 0 rg BT 152.65 285.25 Td (the ) Tj ET Q q 0 0 0 rg BT 168.31 285.25 Td (facility) Tj ET Q q 0 0 0 rg BT 195.98 285.25 Td (. ) Tj ET Q q 0 0 0 rg BT 201.68 285.25 Td (W) Tj ET Q q 0 0 0 rg BT 210.32 285.25 Td (e ) Tj ET Q q 0 0 0 rg BT 218.20 285.25 Td (are ) Tj ET Q q 0 0 0 rg BT 233.86 285.25 Td (still ) Tj ET Q q 0 0 0 rg BT 252.31 285.25 Td (investigating ) Tj ET Q q 0 0 0 rg BT 307.42 285.25 Td (and ) Tj ET Q q 0 0 0 rg BT 325.30 285.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 370.40 285.25 Td (the ) Tj ET Q q 0 0 0 rg BT 386.06 285.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 416.72 285.25 Td (of ) Tj ET Q q 0 0 0 rg BT 428.50 285.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.17 285.25 Td (event, ) Tj ET Q q 0 0 0 rg BT 471.77 285.25 Td (and ) Tj ET Q q 0 0 0 rg BT 489.65 285.25 Td (once ) Tj ET Q q 0 0 0 rg BT 511.98 285.25 Td (this ) Tj ET Q q 0 0 0 rg BT 529.87 285.25 Td (ef) Tj ET Q q 0 0 0 rg BT 537.46 285.25 Td (fort ) Tj ET Q q 0 0 0 rg BT 555.35 285.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 273.25 Td (completed, ) Tj ET Q q 0 0 0 rg BT 97.14 273.25 Td (we ) Tj ET Q q 0 0 0 rg BT 111.79 273.25 Td (may ) Tj ET Q q 0 0 0 rg BT 131.99 273.25 Td (have ) Tj ET Q q 0 0 0 rg BT 153.85 273.25 Td (an ) Tj ET Q q 0 0 0 rg BT 166.28 273.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 188.71 273.25 Td (impairment. ) Tj ET Q q 0 0 0 rg BT 240.07 273.25 Td (The ) Tj ET Q q 0 0 0 rg BT 258.61 273.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 277.70 273.25 Td (of ) Tj ET Q q 0 0 0 rg BT 289.02 273.25 Td (repair ) Tj ET Q q 0 0 0 rg BT 315.32 273.25 Td (or ) Tj ET Q q 0 0 0 rg BT 326.64 273.25 Td (replacement, ) Tj ET Q q 0 0 0 rg BT 380.99 273.25 Td (and ) Tj ET Q q 0 0 0 rg BT 398.41 273.25 Td (business ) Tj ET Q q 0 0 0 rg BT 435.29 273.25 Td (interruption ) Tj ET Q q 0 0 0 rg BT 485.49 273.25 Td (losses, ) Tj ET Q q 0 0 0 rg BT 514.87 273.25 Td (are ) Tj ET Q q 0 0 0 rg BT 530.06 273.25 Td (insured, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 261.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 80.83 261.25 Td (to ) Tj ET Q q 0 0 0 rg BT 91.10 261.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 134.69 261.25 Td (deductibles. ) Tj ET Q q 0 0 0 rg BT 185.05 261.25 Td (W) Tj ET Q q 0 0 0 rg BT 193.69 261.25 Td (e ) Tj ET Q q 0 0 0 rg BT 200.63 261.25 Td (do ) Tj ET Q q 0 0 0 rg BT 213.13 261.25 Td (not ) Tj ET Q q 0 0 0 rg BT 228.41 261.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 257.00 261.25 Td (that ) Tj ET Q q 0 0 0 rg BT 274.50 261.25 Td (this ) Tj ET Q q 0 0 0 rg BT 291.45 261.25 Td (will ) Tj ET Q q 0 0 0 rg BT 309.50 261.25 Td (have ) Tj ET Q q 0 0 0 rg BT 330.88 261.25 Td (a ) Tj ET Q q 0 0 0 rg BT 337.82 261.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 382.53 261.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 412.24 261.25 Td (on ) Tj ET Q q 0 0 0 rg BT 424.74 261.25 Td (our ) Tj ET Q q 0 0 0 rg BT 440.57 261.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 463.07 261.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 500.55 261.25 Td (results.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.55 228.25 Td (ScheduleII ) Tj ET Q q 0 0 0 rg BT 262.99 228.25 Td (V) Tj ET Q q 0 0 0 rg BT 269.30 228.25 Td (aluation and Qualifying ) Tj ET Q q 0 0 0 rg BT 372.94 228.25 Td (Accounts ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 205.15 216.25 Td (Receivables ) Tj ET Q q 0 0 0 rg BT 257.45 216.25 Td (V) Tj ET Q q 0 0 0 rg BT 263.76 216.25 Td (aluation and Qualifying ) Tj ET Q q 0 0 0 rg BT 367.41 216.25 Td (Accounts) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 153.75 184.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 153.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 153.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 153.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 153.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 153.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 153.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 153.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 153.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 153.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 153.75 62.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 139.75 184.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 125.75 184.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 125.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 125.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 125.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 125.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 125.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 125.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 125.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 125.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 125.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 125.75 62.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 193.75 m 365.5 193.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 193.75 m 369.5 193.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 193.75 m 431.5 193.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 165.75 m 300.5 165.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 165.75 m 365.5 165.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 165.75 m 431.5 165.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 165.75 m 496.5 165.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 165.75 m 562.5 165.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 197.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.00 197.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.80 197.83 Td (Additions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 197.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 503.00 197.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 170.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.40 185.83 Td (Balance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 251.65 177.83 Td (Beginning) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 256.85 169.83 Td (of ) Tj ET Q q 0 0 0 rg BT 265.22 169.83 Td (Y) Tj ET Q q 0 0 0 rg BT 270.11 169.83 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.25 185.83 Td (Chargedto) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.70 177.83 Td (Costs and) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.25 169.83 Td (Expense) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.75 185.83 Td (Chargedto) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.85 177.83 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.20 169.83 Td (Accounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.35 169.98 Td (Deductions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.10 185.83 Td (Balanceat) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.55 177.83 Td (End of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.65 169.83 Td (Period) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 157.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.95 157.83 Td (\(In millions\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 144.32 Td (2016 Reserves for doubtful accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 144.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.65 144.32 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 144.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 144.32 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.00 144.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 144.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 144.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 144.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.00 144.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 144.32 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 130.32 Td (2015 Reserves for doubtful accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 130.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.65 130.32 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 130.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 130.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.00 130.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 130.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 130.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 130.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.00 130.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 130.32 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 116.32 Td (2014 Reserves for doubtful accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 116.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.65 116.32 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 116.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 116.32 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.00 116.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 116.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 116.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 116.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.00 116.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 116.32 Td (6) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 223 0 obj <>] /Rotate 0 /Contents 224 0 R>> endobj 224 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.85 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.48 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 308.11 31.60 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item9.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 79.99 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 742.25 Td (CHANGES IN ) Tj ET Q q 0 0 0 rg BT 149.54 742.25 Td (AND DISAGREEMENTS ) Tj ET Q q 0 0 0 rg BT 260.50 742.25 Td (WITH ) Tj ET Q q 0 0 0 rg BT 289.30 742.25 Td (ACCOUNT) Tj ET Q q 0 0 0 rg BT 336.53 742.25 Td (ANTS ON ) Tj ET Q q 0 0 0 rg BT 381.16 742.25 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 449.41 742.25 Td (AND FINANCIAL) Tj ET Q q 0 0 0 rg BT 527.67 742.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 730.25 Td (DISCLOSURE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 713.25 Td (There ) Tj ET Q q 0 0 0 rg BT 84.82 713.25 Td (were ) Tj ET Q q 0 0 0 rg BT 106.74 713.25 Td (no ) Tj ET Q q 0 0 0 rg BT 119.24 713.25 Td (disagreements ) Tj ET Q q 0 0 0 rg BT 178.95 713.25 Td (with ) Tj ET Q q 0 0 0 rg BT 199.22 713.25 Td (accountants ) Tj ET Q q 0 0 0 rg BT 248.93 713.25 Td (on ) Tj ET Q q 0 0 0 rg BT 261.43 713.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 307.80 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 324.74 713.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 362.22 713.25 Td (disclosure.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 698.25 Td (Item9A.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 87.21 698.25 Td (CONTROLS ) Tj ET Q q 0 0 0 rg BT 144.62 698.25 Td (AND PROCEDURES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 683.25 Td (Our management, with the participation of our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 329.90 683.25 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 442.46 683.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 460.37 683.25 Td (, has evaluated the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 671.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 671.25 Td (fectiveness of Covanta) Tj ET Q q 0 0 0 rg BT 151.45 671.25 Td (s disclosure controls and procedures, as required by Rule13a-15\(b\) and 15d-15\(b\) under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 659.25 Td (Securities Exchange ) Tj ET Q q 0 0 0 rg BT 133.31 659.25 Td (Act of 1934 \(the Exchange ) Tj ET Q q 0 0 0 rg BT 247.43 659.25 Td (Act\) as of December31, 2016. Our disclosure controls and procedures are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 647.25 Td (designed to reasonably assure that information required to be disclosed by us in reports we file or submit under the Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 635.25 Td (Act is accumulated and communicated to our management, including our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 423.31 635.25 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 535.86 635.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 553.78 635.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 623.25 Td (as appropriate to allow timely decisions regarding disclosure and is recorded, processed, summarized and reported within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 611.25 Td (time periods specified in the Securities and Exchange Commission) Tj ET Q q 0 0 0 rg BT 319.94 611.25 Td (s rules and forms.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 596.25 Td (Our management, including our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 271.31 596.25 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 383.87 596.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 401.78 596.25 Td (, believes that any disclosure controls ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 584.25 Td (and procedures or internal controls and procedures, no matter how well conceived and operated, can provide only reasonable, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 572.25 Td (not absolute, assurance that the objectives of the control system are met. Further) Tj ET Q q 0 0 0 rg BT 370.62 572.25 Td (, the design of a control system must consider ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 560.25 Td (the benefits of controls relative to their costs. Inherent limitations within a control system include the realities that judgments in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 548.25 Td (decision-making can be faulty) Tj ET Q q 0 0 0 rg BT 170.14 548.25 Td (, and that breakdowns can occur because of simple error or mistake. ) Tj ET Q q 0 0 0 rg BT 443.93 548.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 493.83 548.25 Td (, controls can be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 536.25 Td (circumvented by the individual acts of some persons, by collusion of two or more people, or by unauthorized override of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 524.25 Td (control. ) Tj ET Q q 0 0 0 rg BT 83.14 524.25 Td (While the design of any system of controls is to provide reasonable assurance of the ef) Tj ET Q q 0 0 0 rg BT 429.25 524.25 Td (fectiveness of disclosure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 512.25 Td (controls, such design is also based in part upon certain assumptions about the likelihood of future events, and such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 500.25 Td (assumptions, while reasonable, may not take into account all potential future conditions. ) Tj ET Q q 0 0 0 rg BT 405.20 500.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 454.53 500.25 Td (, because of the inherent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 488.25 Td (limitations in a cost ef) Tj ET Q q 0 0 0 rg BT 138.69 488.25 Td (fective control system, misstatements due to error or fraud may occur and may not be prevented or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 476.25 Td (detected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 461.25 Td (Our management has conducted an assessment of its internal control over financial reporting as of December31, 2016 as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 449.25 Td (required by Section404 of the Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 239.67 449.25 Td (Act. Management) Tj ET Q q 0 0 0 rg BT 314.09 449.25 Td (s report on our internal control over financial reporting is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.25 Td (included on page1) Tj ET Q q 0 0 0 rg BT 125.44 437.25 Td (13. ) Tj ET Q q 0 0 0 rg BT 140.26 437.25 Td (The Independent Registered Public ) Tj ET Q q 0 0 0 rg BT 283.00 437.25 Td (Accounting Firm) Tj ET Q q 0 0 0 rg BT 354.38 437.25 Td (s report with respect to the ef) Tj ET Q q 0 0 0 rg BT 470.83 437.25 Td (fectiveness of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.25 Td (internal control over financial reporting is included on page1) Tj ET Q q 0 0 0 rg BT 295.38 425.25 Td (14. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 410.25 Td (As previously disclosed in Item 4 of our Quarterly Reports on Form 10-Q filed during the year ended December 31, 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.25 Td (our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 143.40 398.25 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 255.95 398.25 Td (ficer concluded that we did not maintain ef) Tj ET Q q 0 0 0 rg BT 427.65 398.25 Td (fective internal controls over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.25 Td (financial reporting because we had control deficiencies which constituted "material weaknesses" in two areas: \(i\) municipally-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.25 Td (owned facility construction accounting and \(ii\) income tax accounting. Our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 433.58 374.25 Td (ficer and Chief Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.25 Td (Of) Tj ET Q q 0 0 0 rg BT 60.37 362.25 Td (ficer have concluded that, based on their reviews, the first material weakness noted above has been remediated, while the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.25 Td (second, as further explained below) Tj ET Q q 0 0 0 rg BT 188.47 350.25 Td (, requires additional time to test the ef) Tj ET Q q 0 0 0 rg BT 339.91 350.25 Td (fectiveness of corrective measures taken, and thus has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 338.25 Td (not been remediated. ) Tj ET Q q 0 0 0 rg BT 138.02 338.25 Td (As such, our Chief Executive of) Tj ET Q q 0 0 0 rg BT 266.14 338.25 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 378.70 338.25 Td (ficer have concluded that our disclosure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.25 Td (controls and procedures are not ef) Tj ET Q q 0 0 0 rg BT 185.60 326.25 Td (fective to provide the reasonable assurance described above.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 296.25 Td (Changes in Internal Contr) Tj ET Q q 0 0 0 rg BT 162.89 296.25 Td (ol over) Tj ET Q q 0 0 0 rg BT 191.86 296.25 Td ( Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 270.85 Td ( ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 62.5 269.5169921875 m 278.6669921875 269.5169921875 l s q 0 0 0 rg BT 62.50 270.85 Td (Municipally-Owned Facility Construction ) Tj ET Q q 0 0 0 rg BT 233.13 270.85 Td (Accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 253.85 Td (As previously disclosed, our management concluded that there was a material weakness in our internal control over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.85 Td (financial reporting related to the estimation and timeliness of the reporting of certain costs associate with an outage related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.85 Td (certain remediation work on the Durham-Y) Tj ET Q q 0 0 0 rg BT 222.55 229.85 Td (ork project and initial start-up operations of the project. ) Tj ET Q q 0 0 0 rg BT 449.24 229.85 Td (The Durham-Y) Tj ET Q q 0 0 0 rg BT 509.61 229.85 Td (ork project ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.85 Td (was our only municipally-owned project in original construction or start-up. ) Tj ET Q q 0 0 0 rg BT 359.19 217.85 Td (When long-term construction revenue contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.85 Td (for facilities that are municipally owned move to a projected net loss position, as the Durham-Y) Tj ET Q q 0 0 0 rg BT 432.23 205.85 Td (ork contract did in the quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.85 Td (ended June 30, 2015, all changes to the projected net loss are required to be recorded in the period those changes are identified. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.85 Td (During the quarter ended June 30, 2015, we estimated incremental costs expected to be incurred to conduct outages to modify ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.85 Td (certain equipment, and to conduct initial start-up operations. During the quarter ended September 30, 2015, we determined that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.85 Td (our prior estimate was not suf) Tj ET Q q 0 0 0 rg BT 168.96 157.85 Td (ficiently accurate, and required refinement to our projected net loss. ) Tj ET Q q 0 0 0 rg BT 445.05 157.85 Td (W) Tj ET Q q 0 0 0 rg BT 453.69 157.85 Td (e determined that our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.85 Td (inability to estimate such outage and start-up costs with suf) Tj ET Q q 0 0 0 rg BT 286.72 145.85 Td (ficient accuracy during the period they were identified constituted a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.85 Td (material weakness in our internal controls over financial reporting.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 113.85 Td (During the quarter ended March 31, 2016, we determined that our estimate of construction costs associated with our Dublin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.85 Td (construction project during the quarter ended December 31, 2015, was also not suf) Tj ET Q q 0 0 0 rg BT 380.28 101.85 Td (ficiently accurate. ) Tj ET Q q 0 0 0 rg BT 456.72 101.85 Td (While this project is not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.85 Td (municipally-owned, and the inaccurate cost estimates resulted in an immaterial financial statement impact, we determined that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.85 Td (our inability to estimate such costs was due to the existing material weakness in our internal controls over financial reporting.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.45 Td ( ) Tj ET Q q 0 0 0 rg BT 62.32 52.45 Td (W) Tj ET Q q 0 0 0 rg BT 70.96 52.45 Td (e took the following steps to remediate the material weakness discussed above:) Tj ET Q endstream endobj 225 0 obj <>] /Rotate 0 /Contents 226 0 R>> endobj 226 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (Improved coordination among the management of several functions \(operations, project management and accounting\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 730.10 Td (to ensure that the information required for proper financial reporting is identified, evaluated, refined and reported on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 718.10 Td (timely basis;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 706.10 Td (Implemented controls to improve the precision of the estimates of costs which are to be factored into the overall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 694.10 Td (profitability or loss of a project involving public-owned facilities and to ensure that such precision levels are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 682.10 Td (appropriately factored into our profit or loss recognition;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 670.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 670.10 Td (Implemented enhanced reviews by the accounting and finance department to ensure that project cost reports which are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.10 Td (used as a tool to track such outage and start-up expenditures are accurately stated and include all expenditures and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 646.10 Td (accruals;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 634.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.10 Td (Consolidated forecasting and overall financial oversight responsibility with financial controllers at ongoing facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 622.10 Td (construction projects to provide a single point of coordination between the construction, operations, client ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 610.10 Td (management, and finance and accounting functions, and to provide oversight of the financial reporting of construction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 598.10 Td (activities; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 586.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 586.10 Td (Engaged additional personnel to assist with the review of change orders, claims events and other interactions between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 574.10 Td (the company and its contractors and subcontractors on all major construction contracts. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 550.10 Td (During the quarters ended March 31, June 30, September 30 and December 31, 2016, we continued to observe the operation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (of each of the control changes ef) Tj ET Q q 0 0 0 rg BT 180.31 538.10 Td (fected as part of our remediation ef) Tj ET Q q 0 0 0 rg BT 320.62 538.10 Td (forts, for the purpose of evaluating their ef) Tj ET Q q 0 0 0 rg BT 490.38 538.10 Td (fectiveness over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (a period of time suf) Tj ET Q q 0 0 0 rg BT 128.13 526.10 Td (ficient for management to conclude whether the reported material weakness has been remediated.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 506.10 Td (W) Tj ET Q q 0 0 0 rg BT 72.14 506.10 Td (e have concluded that the period of time over which the operating ef) Tj ET Q q 0 0 0 rg BT 345.18 506.10 Td (fectiveness of the newly implemented and modified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 494.10 Td (controls have been observed is suf) Tj ET Q q 0 0 0 rg BT 187.28 494.10 Td (ficient for our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 322.88 494.10 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 435.43 494.10 Td (ficer to conclude that this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 482.10 Td (material weakness has been ef) Tj ET Q q 0 0 0 rg BT 170.87 482.10 Td (fectively remediated. Our management has concluded that the identified material weakness in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.10 Td (internal control over financial reporting discussed above was fully remediated as of December31, 2016. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 63.5 448.7669921875 m 157.3720703125 448.7669921875 l s q 0 0 0 rg BT 63.50 450.10 Td (Income T) Tj ET Q q 0 0 0 rg BT 100.07 450.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 111.83 450.10 Td (Accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 430.10 Td (Our management concluded that there was a material weakness in our internal control over financial reporting related to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (precision of the review to ensure the accuracy of certain cumulative deferred tax balances, including the precision of the review ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (to ensure the accuracy of the state income tax rate applied to certain cumulative deferred tax balances and the review of the tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (impact of certain business transactions. ) Tj ET Q q 0 0 0 rg BT 209.22 394.10 Td (W) Tj ET Q q 0 0 0 rg BT 217.86 394.10 Td (e took the following steps to remediate the material weakness discussed above:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 374.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 374.10 Td (Revised task assignments to ensure that discrete items impacting the blended state tax rate are subject to a more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 362.10 Td (comprehensive review process by successive levels of management;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 350.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 350.10 Td (Enhanced the review of the application of the state tax rate to cumulative deferred income tax balances;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 338.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 338.10 Td (Implemented specific technologies minimizing our reliance on supplementary spreadsheets to perform tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 326.10 Td (calculations, reducing the risk of manual computational error and allowing for a more ef) Tj ET Q q 0 0 0 rg BT 439.03 326.10 Td (fective and timely review of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 314.10 Td (tax accounting results; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 302.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 302.10 Td (Implemented analytical procedures to validate actual tax accounting results to supplement internal control reviews ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 290.10 Td (using the expected impact of discrete items as a basis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 266.10 Td (W) Tj ET Q q 0 0 0 rg BT 71.64 266.10 Td (e identified the following additional steps, which will be implemented ef) Tj ET Q q 0 0 0 rg BT 362.22 266.10 Td (fective January 1, 2017, to enhance our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.10 Td (previously described remediation plan:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 234.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 234.10 Td (Enhance the analysis of tax-sensitive aspects of a business transaction;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 222.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 222.10 Td (Formalize the documentation of the above referenced tax analysis; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 210.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 210.10 Td (Implement a review) Tj ET Q q 0 0 0 rg BT 165.32 210.10 Td (, by the ) Tj ET Q q 0 0 0 rg BT 197.35 210.10 Td (V) Tj ET Q q 0 0 0 rg BT 203.97 210.10 Td (ice President of ) Tj ET Q q 0 0 0 rg BT 268.50 210.10 Td (T) Tj ET Q q 0 0 0 rg BT 273.91 210.10 Td (ax, of the above referenced tax analysis prior to finalizing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 186.10 Td (Because some of the controls included in our remediation plan will be implemented ef) Tj ET Q q 0 0 0 rg BT 408.00 186.10 Td (fective January 1, 2017, and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 174.10 Td (new and modified controls, as previously described, have only been operational for a portion of 2016, we have concluded that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 162.10 Td (more time is necessary to observe the ef) Tj ET Q q 0 0 0 rg BT 210.04 162.10 Td (fectiveness of the controls before our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 438.66 162.10 Td (ficer and Chief Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 150.10 Td (Of) Tj ET Q q 0 0 0 rg BT 60.37 150.10 Td (ficer can conclude that these material weakness have been ef) Tj ET Q q 0 0 0 rg BT 303.12 150.10 Td (fectively remediated.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 130.10 Td (Except as noted in the preceding paragraphs, there has not been any change in our system of internal control over financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (reporting during the quarter ended December31, 2016 that has materially af) Tj ET Q q 0 0 0 rg BT 354.71 118.10 Td (fected, or is reasonably likely to materially af) Tj ET Q q 0 0 0 rg BT 536.12 118.10 Td (fect, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (internal control over financial reporting.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 684.25 Td (All ) Tj ET Q q 0 0 0 rg BT 65.15 684.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 98.06 684.25 Td (control ) Tj ET Q q 0 0 0 rg BT 128.76 684.25 Td (systems, ) Tj ET Q q 0 0 0 rg BT 165.30 684.25 Td (no ) Tj ET Q q 0 0 0 rg BT 177.67 684.25 Td (matter ) Tj ET Q q 0 0 0 rg BT 205.58 684.25 Td (how ) Tj ET Q q 0 0 0 rg BT 225.17 684.25 Td (well ) Tj ET Q q 0 0 0 rg BT 244.76 684.25 Td (designed, ) Tj ET Q q 0 0 0 rg BT 285.18 684.25 Td (have ) Tj ET Q q 0 0 0 rg BT 306.43 684.25 Td (inherent ) Tj ET Q q 0 0 0 rg BT 341.56 684.25 Td (limitations ) Tj ET Q q 0 0 0 rg BT 386.71 684.25 Td (including ) Tj ET Q q 0 0 0 rg BT 426.85 684.25 Td (the ) Tj ET Q q 0 0 0 rg BT 441.44 684.25 Td (possibility ) Tj ET Q q 0 0 0 rg BT 485.49 684.25 Td (of ) Tj ET Q q 0 0 0 rg BT 496.19 684.25 Td (human ) Tj ET Q q 0 0 0 rg BT 525.77 684.25 Td (error ) Tj ET Q q 0 0 0 rg BT 547.57 684.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 672.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.62 672.25 Td (circumvention ) Tj ET Q q 0 0 0 rg BT 124.78 672.25 Td (or ) Tj ET Q q 0 0 0 rg BT 135.51 672.25 Td (overriding ) Tj ET Q q 0 0 0 rg BT 179.56 672.25 Td (of ) Tj ET Q q 0 0 0 rg BT 190.29 672.25 Td (controls. ) Tj ET Q q 0 0 0 rg BT 227.41 672.25 Td (Further) Tj ET Q q 0 0 0 rg BT 256.45 672.25 Td (, ) Tj ET Q q 0 0 0 rg BT 261.35 672.25 Td (because ) Tj ET Q q 0 0 0 rg BT 295.39 672.25 Td (of ) Tj ET Q q 0 0 0 rg BT 306.12 672.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 340.73 672.25 Td (in ) Tj ET Q q 0 0 0 rg BT 350.91 672.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 397.47 672.25 Td (the ) Tj ET Q q 0 0 0 rg BT 412.09 672.25 Td (ef) Tj ET Q q 0 0 0 rg BT 419.68 672.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 466.50 672.25 Td (of ) Tj ET Q q 0 0 0 rg BT 477.23 672.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 510.17 672.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 544.79 672.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 660.25 Td (vary ) Tj ET Q q 0 0 0 rg BT 70.48 660.25 Td (over ) Tj ET Q q 0 0 0 rg BT 90.97 660.25 Td (time. ) Tj ET Q q 0 0 0 rg BT 113.96 660.25 Td (Projections ) Tj ET Q q 0 0 0 rg BT 161.67 660.25 Td (of ) Tj ET Q q 0 0 0 rg BT 172.71 660.25 Td (any ) Tj ET Q q 0 0 0 rg BT 189.86 660.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 234.23 660.25 Td (of ) Tj ET Q q 0 0 0 rg BT 245.27 660.25 Td (ef) Tj ET Q q 0 0 0 rg BT 252.86 660.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 300.00 660.25 Td (to ) Tj ET Q q 0 0 0 rg BT 310.49 660.25 Td (future ) Tj ET Q q 0 0 0 rg BT 337.08 660.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 369.24 660.25 Td (are ) Tj ET Q q 0 0 0 rg BT 384.16 660.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 415.20 660.25 Td (to ) Tj ET Q q 0 0 0 rg BT 425.69 660.25 Td (the ) Tj ET Q q 0 0 0 rg BT 440.63 660.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 458.34 660.25 Td (that ) Tj ET Q q 0 0 0 rg BT 476.05 660.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 510.98 660.25 Td (may ) Tj ET Q q 0 0 0 rg BT 530.91 660.25 Td (become 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(Accordingly) Tj ET Q q 0 0 0 rg BT 99.34 636.25 Td (, ) Tj ET Q q 0 0 0 rg BT 103.62 636.25 Td (even ) Tj ET Q q 0 0 0 rg BT 124.29 636.25 Td (those ) Tj ET Q q 0 0 0 rg BT 147.19 636.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 180.65 636.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 227.41 636.25 Td (to ) Tj ET Q q 0 0 0 rg BT 236.98 636.25 Td (be ) Tj ET Q q 0 0 0 rg BT 248.21 636.25 Td (ef) Tj ET Q q 0 0 0 rg BT 255.80 636.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 284.79 636.25 Td (can ) Tj ET Q q 0 0 0 rg BT 300.45 636.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 332.79 636.25 Td (us ) Tj ET Q q 0 0 0 rg BT 343.47 636.25 Td (only ) Tj ET Q q 0 0 0 rg BT 363.04 636.25 Td (with ) Tj ET Q q 0 0 0 rg BT 382.60 636.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 427.14 636.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 467.80 636.25 Td (with ) Tj ET Q q 0 0 0 rg BT 487.37 636.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 517.47 636.25 Td (to ) Tj ET Q q 0 0 0 rg BT 527.04 636.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 624.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 90.82 624.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 138.85 624.25 Td (and ) Tj ET Q q 0 0 0 rg BT 155.79 624.25 Td (presentation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.25 Td (Covanta) Tj ET Q q 0 0 0 rg BT 86.10 602.25 Td (s ) Tj ET Q q 0 0 0 rg BT 93.84 602.25 Td (management ) Tj ET Q q 0 0 0 rg BT 148.77 602.25 Td (has ) Tj ET Q q 0 0 0 rg BT 165.94 602.25 Td (assessed ) Tj ET Q q 0 0 0 rg BT 203.66 602.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.72 602.25 Td (ef) Tj ET Q q 0 0 0 rg BT 227.31 602.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 275.58 602.25 Td (of ) Tj ET Q q 0 0 0 rg BT 287.75 602.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 322.13 602.25 Td (control ) Tj ET Q q 0 0 0 rg BT 354.30 602.25 Td (over ) Tj ET Q q 0 0 0 rg BT 375.91 602.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 414.73 602.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 455.23 602.25 Td (as ) Tj ET Q q 0 0 0 rg BT 467.40 602.25 Td (of ) Tj ET Q q 0 0 0 rg BT 479.57 602.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 539.50 602.25 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.25 Td (following ) Tj ET Q q 0 0 0 rg BT 91.23 590.25 Td (the ) Tj ET Q q 0 0 0 rg BT 105.78 590.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 136.43 590.25 Td (set ) Tj ET Q q 0 0 0 rg BT 149.88 590.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 171.66 590.25 Td (by ) Tj ET Q q 0 0 0 rg BT 183.99 590.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.55 590.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 245.33 590.25 Td (of ) Tj ET Q q 0 0 0 rg BT 256.00 590.25 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 303.90 590.25 Td (Or) Tj ET Q q 0 0 0 rg BT 314.27 590.25 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 362.15 590.25 Td (of ) Tj ET Q q 0 0 0 rg BT 372.82 590.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.20 590.25 Td (T) Tj ET Q q 0 0 0 rg BT 392.96 590.25 Td (readway ) Tj ET Q q 0 0 0 rg BT 429.17 590.25 Td (Commission ) Tj ET Q q 0 0 0 rg BT 482.07 590.25 Td (in ) Tj ET Q q 0 0 0 rg BT 492.19 590.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 525.62 590.25 Td (Control- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 578.25 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 95.05 578.25 Td (Framework ) Tj ET Q q 0 0 0 rg BT 145.67 578.25 Td (\(2013 ) Tj ET Q q 0 0 0 rg BT 173.52 578.25 Td (Framework\). ) Tj ET Q q 0 0 0 rg BT 229.96 578.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 258.92 578.25 Td (on ) Tj ET Q q 0 0 0 rg BT 273.44 578.25 Td (our ) Tj ET Q q 0 0 0 rg BT 291.29 578.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 340.25 578.25 Td (under ) Tj ET Q q 0 0 0 rg BT 367.53 578.25 Td (the ) Tj ET Q q 0 0 0 rg BT 384.27 578.25 Td (framework ) Tj ET Q q 0 0 0 rg BT 432.65 578.25 Td (in ) Tj ET Q q 0 0 0 rg BT 444.95 578.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 480.56 578.25 Td (Control- ) Tj ET Q q 0 0 0 rg BT 521.47 578.25 Td (Integrated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.25 Td (Framework ) Tj ET Q q 0 0 0 rg BT 98.78 566.25 Td (\(2013 ) Tj ET Q q 0 0 0 rg BT 124.79 566.25 Td (Framework\), ) Tj ET Q q 0 0 0 rg BT 179.40 566.25 Td (Covanta) Tj ET Q q 0 0 0 rg BT 215.50 566.25 Td (s ) Tj ET Q q 0 0 0 rg BT 222.08 566.25 Td (management ) Tj ET Q q 0 0 0 rg BT 275.84 566.25 Td (has ) Tj ET Q q 0 0 0 rg BT 291.86 566.25 Td (concluded ) Tj ET Q q 0 0 0 rg BT 335.63 566.25 Td (that ) Tj ET Q q 0 0 0 rg BT 353.31 566.25 Td (our ) Tj ET Q q 0 0 0 rg BT 369.32 566.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 402.54 566.25 Td (control ) Tj ET Q q 0 0 0 rg BT 433.54 566.25 Td (over ) Tj ET Q q 0 0 0 rg BT 453.99 566.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 491.66 566.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 530.99 566.25 Td (was ) Tj ET Q q 0 0 0 rg BT 549.22 566.25 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 554.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 87.29 554.25 Td (as ) Tj ET Q q 0 0 0 rg BT 98.12 554.25 Td (of ) Tj ET Q q 0 0 0 rg BT 108.95 554.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 167.53 554.25 Td (2016.) 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Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 450.75 m 562.5 450.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 387.75 m 562.5 387.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.35 455.32 Td (/s/ Stephen J. Jones) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.55 441.32 Td (Stephen J. Jones) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 362.55 427.31 Td (President and Chief Executive Officer) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 402.01 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.35 392.32 Td (/s/Bradford J. Helgeson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.85 378.32 Td (Bradford J. Helgeson) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.10 364.31 Td (Executive Vice President and Chief Financial Officer) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.25 Td (February28, ) Tj ET Q q 0 0 0 rg BT 103.60 326.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.60 326.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.25 Td ( ) Tj ET Q endstream endobj 229 0 obj <>] /Rotate 0 /Contents 230 0 R>> endobj 230 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.05 730.10 Td (Report of Independent Register) Tj ET Q q 0 0 0 rg BT 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0 0 0 rg BT 252.45 684.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 286.32 684.10 Td (control ) Tj ET Q q 0 0 0 rg BT 317.97 684.10 Td (over ) Tj ET Q q 0 0 0 rg BT 339.07 684.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 377.38 684.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 417.36 684.10 Td (as ) Tj ET Q q 0 0 0 rg BT 429.02 684.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.68 684.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 500.09 684.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 525.92 684.10 Td (based ) Tj ET Q q 0 0 0 rg BT 552.01 684.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 672.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 82.00 672.10 Td (established ) Tj ET Q q 0 0 0 rg BT 130.13 672.10 Td (in ) Tj ET Q q 0 0 0 rg BT 141.60 672.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 176.38 672.10 Td (Control- ) Tj ET Q q 0 0 0 rg BT 216.46 672.10 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 260.68 672.10 Td (Framework ) Tj ET Q q 0 0 0 rg BT 310.47 672.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 339.17 672.10 Td (by ) Tj ET 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0 0 0 rg BT 438.58 660.10 Td (management ) Tj ET Q q 0 0 0 rg BT 492.49 660.10 Td (is ) Tj ET Q q 0 0 0 rg BT 501.98 660.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 550.34 660.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 648.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 100.19 648.10 Td (ef) Tj ET Q q 0 0 0 rg BT 107.78 648.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 137.40 648.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 170.37 648.10 Td (control ) Tj ET Q q 0 0 0 rg BT 201.11 648.10 Td (over ) Tj ET Q q 0 0 0 rg BT 221.30 648.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 258.71 648.10 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 300.28 648.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.14 648.10 Td (for ) Tj ET Q q 0 0 0 rg BT 331.23 648.10 Td (its ) Tj ET Q q 0 0 0 rg BT 343.10 648.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 389.96 648.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.71 648.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.35 648.10 Td (ef) Tj ET Q q 0 0 0 rg BT 422.93 648.10 Td (fectiveness ) Tj ET Q q 0 0 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(Those ) Tj ET Q q 0 0 0 rg BT 76.45 595.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 116.24 595.10 Td (require ) Tj ET Q q 0 0 0 rg BT 146.57 595.10 Td (that ) Tj ET Q q 0 0 0 rg BT 163.58 595.10 Td (we ) Tj ET Q q 0 0 0 rg BT 177.26 595.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 196.49 595.10 Td (and ) Tj ET Q q 0 0 0 rg BT 212.94 595.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 247.17 595.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.40 595.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 283.41 595.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.20 595.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 320.21 595.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 364.98 595.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 405.87 595.10 Td (about ) Tj ET Q q 0 0 0 rg BT 430.10 595.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 464.32 595.10 Td (ef) Tj ET Q q 0 0 0 rg BT 471.91 595.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 501.13 595.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 533.68 595.10 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.10 Td (over ) Tj ET Q q 0 0 0 rg BT 69.91 583.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 107.02 583.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 145.82 583.10 Td (was ) Tj ET Q q 0 0 0 rg BT 163.51 583.10 Td (maintained ) Tj ET Q q 0 0 0 rg BT 210.07 583.10 Td (in ) Tj ET Q q 0 0 0 rg BT 219.99 583.10 Td (all ) Tj ET Q q 0 0 0 rg BT 232.12 583.10 Td (material ) Tj ET Q q 0 0 0 rg BT 267.02 583.10 Td (respects. ) Tj ET Q q 0 0 0 rg BT 303.86 583.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 321.55 583.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 343.69 583.10 Td (included ) Tj ET Q q 0 0 0 rg BT 380.26 583.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 420.17 583.10 Td (an ) Tj ET Q q 0 0 0 rg BT 431.74 583.10 Td (understanding ) Tj ET Q q 0 0 0 rg BT 490.54 583.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.00 583.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 533.68 583.10 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.10 Td (over ) Tj ET Q q 0 0 0 rg BT 71.69 571.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 110.58 571.10 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 153.66 571.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 194.79 571.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.93 571.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 229.84 571.10 Td (that ) Tj ET Q q 0 0 0 rg BT 248.76 571.10 Td (a ) Tj ET Q q 0 0 0 rg BT 257.11 571.10 Td (material ) Tj ET Q q 0 0 0 rg BT 293.79 571.10 Td (weakness ) Tj ET Q q 0 0 0 rg BT 336.03 571.10 Td (exists, ) Tj ET Q q 0 0 0 rg BT 365.22 571.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 395.80 571.10 Td (and ) Tj ET Q q 0 0 0 rg BT 414.16 571.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 459.73 571.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.86 571.10 Td (design ) Tj ET Q q 0 0 0 rg BT 505.88 571.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.24 571.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 559.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 104.47 559.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.27 559.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 148.27 559.10 Td (control ) Tj ET Q q 0 0 0 rg BT 179.06 559.10 Td (based ) Tj ET Q q 0 0 0 rg BT 204.29 559.10 Td (on ) Tj ET Q q 0 0 0 rg BT 216.75 559.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.43 559.10 Td (assessed ) Tj ET Q q 0 0 0 rg BT 267.78 559.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 287.74 559.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.64 559.10 Td (performing ) Tj ET Q q 0 0 0 rg BT 352.09 559.10 Td (such ) Tj ET Q q 0 0 0 rg BT 372.88 559.10 Td (other ) Tj ET Q q 0 0 0 rg BT 395.89 559.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 442.22 559.10 Td (as ) Tj ET Q q 0 0 0 rg BT 453.01 559.10 Td (we ) Tj ET Q q 0 0 0 rg BT 467.13 559.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 512.91 559.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 554.24 559.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 547.10 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 126.18 547.10 Td (W) Tj ET Q q 0 0 0 rg BT 134.81 547.10 Td (e ) Tj ET Q q 0 0 0 rg BT 141.75 547.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 173.13 547.10 Td (that ) Tj ET Q q 0 0 0 rg BT 190.62 547.10 Td (our ) Tj ET Q q 0 0 0 rg BT 206.45 547.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 228.95 547.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 265.88 547.10 Td (a ) Tj ET Q q 0 0 0 rg BT 272.82 547.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 318.08 547.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 340.58 547.10 Td (for ) Tj ET Q q 0 0 0 rg BT 354.74 547.10 Td (our ) Tj ET Q q 0 0 0 rg BT 370.57 547.10 Td (opinion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 530.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 530.10 Td ( ) Tj ET Q q 0 0 0 rg BT 58.30 530.10 Td (company) Tj ET Q q 0 0 0 rg BT 97.74 530.10 Td (s ) Tj ET Q q 0 0 0 rg BT 103.26 530.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 135.43 530.10 Td (control ) Tj ET Q q 0 0 0 rg BT 165.39 530.10 Td (over ) Tj ET Q q 0 0 0 rg BT 184.79 530.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 221.41 530.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 259.69 530.10 Td (is ) Tj ET Q q 0 0 0 rg BT 268.00 530.10 Td (a ) Tj ET Q q 0 0 0 rg BT 274.07 530.10 Td (process ) Tj ET Q q 0 0 0 rg BT 305.69 530.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 342.87 530.10 Td (to ) Tj ET Q q 0 0 0 rg BT 352.28 530.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 384.46 530.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 428.84 530.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 469.34 530.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 509.29 530.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.14 530.10 Td (reliability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 518.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.59 518.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 99.84 518.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 139.76 518.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.46 518.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.94 518.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 221.74 518.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.33 518.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 271.58 518.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 317.05 518.10 Td (for ) Tj ET Q q 0 0 0 rg BT 331.98 518.10 Td (external ) Tj ET Q q 0 0 0 rg BT 367.44 518.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 406.26 518.10 Td (in ) Tj ET Q q 0 0 0 rg BT 417.30 518.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 465.53 518.10 Td (with ) Tj ET Q q 0 0 0 rg BT 486.57 518.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 527.04 518.10 Td (accepted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 506.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 95.71 506.10 Td (principles. ) Tj ET Q q 0 0 0 rg BT 139.08 506.10 Td (A) Tj ET Q q 0 0 0 rg BT 145.75 506.10 Td ( ) Tj ET Q q 0 0 0 rg BT 147.58 506.10 Td (company) Tj ET Q q 0 0 0 rg BT 187.02 506.10 Td (s ) Tj ET Q q 0 0 0 rg BT 192.75 506.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 225.13 506.10 Td (control ) Tj ET Q q 0 0 0 rg BT 255.29 506.10 Td (over ) Tj ET Q q 0 0 0 rg BT 274.90 506.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 311.72 506.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 350.21 506.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 385.38 506.10 Td (those ) Tj ET Q q 0 0 0 rg BT 408.32 506.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 441.26 506.10 Td (and ) Tj ET Q q 0 0 0 rg BT 457.54 506.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 503.25 506.10 Td (that ) Tj ET Q q 0 0 0 rg BT 520.08 506.10 Td (\(1\)pertain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 494.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.00 494.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.44 494.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 127.18 494.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.74 494.10 Td (records ) Tj ET Q q 0 0 0 rg BT 169.38 494.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 189.10 494.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.10 494.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 244.07 494.10 Td (detail, ) Tj ET Q q 0 0 0 rg BT 271.01 494.10 Td (accurately ) Tj ET Q q 0 0 0 rg BT 314.31 494.10 Td (and ) Tj ET Q q 0 0 0 rg BT 330.97 494.10 Td (fairly ) Tj ET Q q 0 0 0 rg BT 354.84 494.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 382.59 494.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.03 494.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 447.02 494.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.68 494.10 Td (dispositions ) Tj ET Q q 0 0 0 rg BT 513.68 494.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.24 494.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.67 494.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 482.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.20 482.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.28 482.10 Td (company; ) Tj ET Q q 0 0 0 rg BT 118.58 482.10 Td (\(2\)provide ) Tj ET Q q 0 0 0 rg BT 166.15 482.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 211.77 482.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 253.50 482.10 Td (that ) Tj ET Q q 0 0 0 rg BT 271.36 482.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 321.99 482.10 Td (are ) Tj ET Q q 0 0 0 rg BT 337.06 482.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 374.90 482.10 Td (as ) Tj ET Q q 0 0 0 rg BT 386.10 482.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 427.83 482.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.47 482.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 467.44 482.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 515.84 482.10 Td (of ) Tj ET Q q 0 0 0 rg BT 527.04 482.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 95.08 470.10 Td (in ) Tj ET Q q 0 0 0 rg BT 105.72 470.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 153.54 470.10 Td (with ) Tj ET Q q 0 0 0 rg BT 174.18 470.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 214.25 470.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 252.08 470.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 298.82 470.10 Td (principles, ) Tj ET Q q 0 0 0 rg BT 343.62 470.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.92 470.10 Td (that ) Tj ET Q q 0 0 0 rg BT 378.78 470.10 Td (receipts ) Tj ET Q q 0 0 0 rg BT 412.74 470.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.04 470.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 484.00 470.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.19 470.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.27 470.10 Td (company ) Tj ET Q q 0 0 0 rg BT 549.79 470.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 458.10 Td (being ) Tj ET Q q 0 0 0 rg BT 75.50 458.10 Td (made ) Tj ET Q q 0 0 0 rg BT 100.43 458.10 Td (only ) Tj ET Q q 0 0 0 rg BT 121.49 458.10 Td (in ) Tj ET Q q 0 0 0 rg BT 132.54 458.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 180.78 458.10 Td (with ) Tj ET Q q 0 0 0 rg BT 201.84 458.10 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 261.77 458.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.38 458.10 Td (management ) Tj ET Q q 0 0 0 rg BT 327.75 458.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.46 458.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 383.73 458.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.34 458.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.83 458.10 Td (company; ) Tj ET Q q 0 0 0 rg BT 453.54 458.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.26 458.10 Td (\(3\)provide ) Tj ET Q q 0 0 0 rg BT 519.25 458.10 Td (reasonable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 91.64 446.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 132.73 446.10 Td (prevention ) Tj ET Q q 0 0 0 rg BT 178.26 446.10 Td (or ) Tj ET Q q 0 0 0 rg BT 189.37 446.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 217.69 446.10 Td (detection ) Tj ET Q q 0 0 0 rg BT 257.11 446.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.22 446.10 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 323.19 446.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 372.34 446.10 Td (use, ) Tj ET Q q 0 0 0 rg BT 390.95 446.10 Td (or ) Tj ET Q q 0 0 0 rg BT 402.05 446.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 448.72 446.10 Td (of ) Tj ET Q q 0 0 0 rg BT 459.82 446.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.81 446.10 Td (company) Tj ET Q q 0 0 0 rg BT 514.24 446.10 Td (s ) Tj ET Q q 0 0 0 rg BT 520.91 446.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 547.01 446.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.72 434.10 Td (have ) Tj ET Q q 0 0 0 rg BT 96.09 434.10 Td (a ) Tj ET Q q 0 0 0 rg BT 103.03 434.10 Td (material ) Tj ET Q q 0 0 0 rg BT 138.29 434.10 Td (ef) Tj ET Q q 0 0 0 rg BT 145.88 434.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 163.36 434.10 Td (on ) Tj ET Q q 0 0 0 rg BT 175.86 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.58 434.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 228.06 434.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 417.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 87.24 417.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.49 417.10 Td (its ) Tj ET Q q 0 0 0 rg BT 112.85 417.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 149.54 417.10 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 198.74 417.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 233.20 417.10 Td (control ) Tj ET Q q 0 0 0 rg BT 265.45 417.10 Td (over ) Tj ET Q q 0 0 0 rg BT 287.13 417.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 326.04 417.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 366.61 417.10 Td (may ) Tj ET Q q 0 0 0 rg BT 387.75 417.10 Td (not ) Tj ET Q q 0 0 0 rg BT 404.45 417.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 438.35 417.10 Td (or ) Tj ET Q q 0 0 0 rg BT 450.60 417.10 Td (detect ) Tj ET Q q 0 0 0 rg BT 478.40 417.10 Td (misstatements. ) Tj ET Q q 0 0 0 rg BT 540.61 417.10 Td (Also, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 405.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 96.31 405.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.52 405.10 Td (any ) Tj ET Q q 0 0 0 rg BT 122.84 405.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 166.37 405.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.58 405.10 Td (ef) Tj ET Q q 0 0 0 rg BT 184.17 405.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 230.47 405.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.13 405.10 Td (future ) Tj ET Q q 0 0 0 rg BT 265.89 405.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 297.21 405.10 Td (are ) Tj ET Q q 0 0 0 rg BT 311.29 405.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 341.50 405.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.16 405.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.25 405.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 382.13 405.10 Td (that ) Tj ET Q q 0 0 0 rg BT 399.01 405.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 433.11 405.10 Td (may ) Tj ET Q q 0 0 0 rg BT 452.20 405.10 Td (become ) Tj ET Q q 0 0 0 rg BT 485.18 405.10 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 530.37 405.10 Td (because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 393.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 95.54 393.10 Td (in ) Tj ET Q q 0 0 0 rg BT 105.82 393.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 152.48 393.10 Td (or ) Tj ET Q q 0 0 0 rg BT 163.31 393.10 Td (that ) Tj ET Q q 0 0 0 rg BT 180.81 393.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.52 393.10 Td (degree ) Tj ET Q q 0 0 0 rg BT 224.67 393.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.50 393.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 284.09 393.10 Td (with ) Tj ET Q q 0 0 0 rg BT 304.37 393.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.08 393.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 352.69 393.10 Td (or ) Tj ET Q q 0 0 0 rg BT 363.52 393.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 409.88 393.10 Td (may ) Tj ET Q q 0 0 0 rg BT 429.60 393.10 Td (deteriorate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 369.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 369.10 Td ( ) Tj ET Q q 0 0 0 rg BT 59.00 369.10 Td (material ) Tj ET Q q 0 0 0 rg BT 94.08 369.10 Td (weakness ) Tj ET Q q 0 0 0 rg BT 134.73 369.10 Td (is ) Tj ET Q q 0 0 0 rg BT 143.73 369.10 Td (a ) Tj ET Q q 0 0 0 rg BT 150.50 369.10 Td (deficiency) Tj ET Q q 0 0 0 rg BT 191.49 369.10 Td (, ) Tj ET Q q 0 0 0 rg BT 196.32 369.10 Td (or ) Tj ET Q q 0 0 0 rg BT 206.98 369.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 259.29 369.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.95 369.10 Td (deficiencies, ) Tj ET Q q 0 0 0 rg BT 322.53 369.10 Td (in ) Tj ET Q q 0 0 0 rg BT 332.64 369.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 365.51 369.10 Td (control ) Tj ET Q q 0 0 0 rg BT 396.16 369.10 Td (over ) Tj ET Q q 0 0 0 rg BT 416.26 369.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 453.56 369.10 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 495.05 369.10 Td (such ) Tj ET Q q 0 0 0 rg BT 515.71 369.10 Td (that ) Tj ET Q q 0 0 0 rg BT 533.03 369.10 Td (there ) Tj ET Q q 0 0 0 rg BT 555.34 369.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 357.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.37 357.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 101.06 357.10 Td (possibility ) Tj ET Q q 0 0 0 rg BT 144.67 357.10 Td (that ) Tj ET Q q 0 0 0 rg BT 161.59 357.10 Td (a ) Tj ET Q q 0 0 0 rg BT 167.96 357.10 Td (material ) Tj ET Q q 0 0 0 rg BT 202.66 357.10 Td (misstatement ) Tj ET Q q 0 0 0 rg BT 257.36 357.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.62 357.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.77 357.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 328.28 357.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 356.87 357.10 Td (or ) Tj ET Q q 0 0 0 rg BT 367.13 357.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 397.95 357.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 434.86 357.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 479.00 357.10 Td (will ) Tj ET Q q 0 0 0 rg BT 496.49 357.10 Td (not ) Tj ET Q q 0 0 0 rg BT 511.20 357.10 Td (be ) Tj ET Q q 0 0 0 rg BT 522.58 357.10 Td (prevented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 345.10 Td (or ) Tj ET Q q 0 0 0 rg BT 61.37 345.10 Td (detected ) Tj ET Q q 0 0 0 rg BT 97.72 345.10 Td (on ) Tj ET Q q 0 0 0 rg BT 110.76 345.10 Td (a ) Tj ET Q q 0 0 0 rg BT 118.24 345.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 146.84 345.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 172.16 345.10 Td (The ) Tj ET Q q 0 0 0 rg BT 190.74 345.10 Td (following ) Tj ET Q q 0 0 0 rg BT 232.67 345.10 Td (material ) Tj ET Q q 0 0 0 rg BT 268.47 345.10 Td (weakness ) Tj ET Q q 0 0 0 rg BT 309.83 345.10 Td (has ) Tj ET Q q 0 0 0 rg BT 326.20 345.10 Td (been ) Tj ET Q q 0 0 0 rg BT 348.12 345.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 389.48 345.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.96 345.10 Td (included ) Tj ET Q q 0 0 0 rg BT 444.44 345.10 Td (in ) Tj ET Q q 0 0 0 rg BT 455.26 345.10 Td (management's ) Tj ET Q q 0 0 0 rg BT 515.08 345.10 Td (assessment. ) Tj ET Q q 0 0 0 rg BT 564.52 345.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 333.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 104.40 333.10 Td (has ) Tj ET Q q 0 0 0 rg BT 119.92 333.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 160.44 333.10 Td (a ) Tj ET Q q 0 0 0 rg BT 167.07 333.10 Td (material ) Tj ET Q q 0 0 0 rg BT 202.02 333.10 Td (weakness ) Tj ET Q q 0 0 0 rg BT 242.54 333.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.51 333.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 286.92 333.10 Td (related ) Tj ET Q q 0 0 0 rg BT 316.32 333.10 Td (to ) Tj ET Q q 0 0 0 rg BT 326.29 333.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.71 333.10 Td (precision ) Tj ET Q q 0 0 0 rg BT 379.56 333.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.08 333.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.49 333.10 Td (review ) Tj ET Q q 0 0 0 rg BT 433.89 333.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.87 333.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 472.16 333.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.57 333.10 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 524.29 333.10 Td (of ) Tj ET Q q 0 0 0 rg BT 534.81 333.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 96.64 321.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 132.15 321.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 146.58 321.10 Td (balances, ) Tj ET Q q 0 0 0 rg BT 185.71 321.10 Td (including ) Tj ET Q q 0 0 0 rg BT 225.69 321.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.12 321.10 Td (precision ) Tj ET Q q 0 0 0 rg BT 278.98 321.10 Td (of ) Tj ET Q q 0 0 0 rg BT 289.52 321.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.94 321.10 Td (review ) Tj ET Q q 0 0 0 rg BT 333.36 321.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.35 321.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 371.65 321.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.08 321.10 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 423.81 321.10 Td (of ) Tj ET Q q 0 0 0 rg BT 434.35 321.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.77 321.10 Td (state ) Tj ET Q q 0 0 0 rg BT 469.31 321.10 Td (income ) Tj ET Q q 0 0 0 rg BT 500.95 321.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 515.37 321.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 532.57 321.10 Td (applied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.74 309.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 88.91 309.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 135.30 309.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 170.57 309.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 184.75 309.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 221.14 309.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.54 309.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.73 309.10 Td (review ) Tj ET Q q 0 0 0 rg BT 280.90 309.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.19 309.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.37 309.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 319.55 309.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 348.73 309.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.02 309.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 388.19 309.10 Td (business ) Tj ET Q q 0 0 0 rg BT 424.05 309.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 476.13 309.10 Td (W) Tj ET Q q 0 0 0 rg BT 484.77 309.10 Td (e ) Tj ET Q q 0 0 0 rg BT 491.17 309.10 Td (also ) Tj ET Q q 0 0 0 rg BT 509.25 309.10 Td (have ) Tj ET Q q 0 0 0 rg BT 530.09 309.10 Td (audited, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 297.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.47 297.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 108.12 297.10 Td (with ) Tj ET Q q 0 0 0 rg BT 128.59 297.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.49 297.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 183.95 297.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.97 297.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.88 297.10 Td (Public ) Tj ET Q q 0 0 0 rg BT 238.12 297.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 279.10 297.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 328.45 297.10 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 370.58 297.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 397.71 297.10 Td (\(United ) Tj ET Q q 0 0 0 rg BT 430.94 297.10 Td (States\), ) Tj ET Q q 0 0 0 rg BT 463.35 297.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.25 297.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 531.49 297.10 Td (balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.10 Td (sheets ) Tj ET Q q 0 0 0 rg BT 76.56 285.10 Td (of ) Tj ET Q q 0 0 0 rg BT 87.01 285.10 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 122.45 285.10 Td (Holding ) Tj ET Q q 0 0 0 rg BT 157.35 285.10 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 207.79 285.10 Td (as ) Tj ET Q q 0 0 0 rg BT 218.24 285.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.69 285.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 286.89 285.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 309.01 285.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.57 285.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 350.19 285.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.75 285.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.08 285.10 Td (related ) Tj ET Q q 0 0 0 rg BT 410.41 285.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 463.07 285.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 507.40 285.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.85 285.10 Td (operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 273.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 113.93 273.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 139.56 273.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 174.89 273.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 203.29 273.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.13 273.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 242.30 273.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 267.93 273.10 Td (in ) Tj ET Q q 0 0 0 rg BT 279.11 273.10 Td (each ) Tj ET Q q 0 0 0 rg BT 300.83 273.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.56 273.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.18 273.10 Td (three ) Tj ET Q q 0 0 0 rg BT 351.57 273.10 Td (years ) Tj ET Q q 0 0 0 rg BT 376.07 273.10 Td (in ) Tj ET Q q 0 0 0 rg BT 387.25 273.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.87 273.10 Td (period ) Tj ET Q q 0 0 0 rg BT 431.82 273.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 459.09 273.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 518.58 273.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 544.24 273.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 261.10 Td (material ) Tj ET Q q 0 0 0 rg BT 85.96 261.10 Td (weakness ) Tj ET Q q 0 0 0 rg BT 127.49 261.10 Td (was ) Tj ET Q q 0 0 0 rg BT 146.24 261.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 192.76 261.10 Td (in ) Tj ET Q q 0 0 0 rg BT 203.75 261.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 255.27 261.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.69 261.10 Td (nature, ) Tj ET Q q 0 0 0 rg BT 301.38 261.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 330.70 261.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.34 261.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 375.98 261.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.52 261.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 410.72 261.10 Td (tests ) Tj ET Q q 0 0 0 rg BT 431.70 261.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 464.34 261.10 Td (in ) Tj ET Q q 0 0 0 rg BT 475.32 261.10 Td (our ) Tj ET Q q 0 0 0 rg BT 491.86 261.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 515.06 261.10 Td (of ) Tj ET Q q 0 0 0 rg BT 526.59 261.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.01 261.10 Td (2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 249.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 101.95 249.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 138.35 249.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 184.47 249.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.32 249.10 Td (this ) Tj ET Q q 0 0 0 rg BT 216.18 249.10 Td (report ) Tj ET Q q 0 0 0 rg BT 241.47 249.10 Td (does ) Tj ET Q q 0 0 0 rg BT 261.22 249.10 Td (not ) Tj ET Q q 0 0 0 rg BT 275.41 249.10 Td (af) Tj ET Q q 0 0 0 rg BT 283.00 249.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 299.39 249.10 Td (our ) Tj ET Q q 0 0 0 rg BT 314.14 249.10 Td (report ) Tj ET Q q 0 0 0 rg BT 339.43 249.10 Td (dated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.49 249.10 Td (February28, ) Tj ET Q q 0 0 0 rg BT 415.00 249.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 249.10 Td (, ) Tj ET Q q 0 0 0 rg BT 438.92 249.10 Td (which ) Tj ET Q q 0 0 0 rg BT 464.77 249.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 505.61 249.10 Td (an ) Tj ET Q q 0 0 0 rg BT 516.46 249.10 Td (unqualified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.10 Td (opinion ) Tj ET Q q 0 0 0 rg BT 83.06 237.10 Td (on ) Tj ET Q q 0 0 0 rg BT 95.56 237.10 Td (those ) Tj ET Q q 0 0 0 rg BT 119.17 237.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 156.65 237.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.40 220.10 Td (our ) Tj ET Q q 0 0 0 rg BT 75.80 220.10 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 110.93 220.10 Td (because ) Tj ET Q q 0 0 0 rg BT 144.65 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.05 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.34 220.10 Td (ef) Tj ET Q q 0 0 0 rg BT 176.93 220.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 193.98 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.39 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.68 220.10 Td (material ) Tj ET Q q 0 0 0 rg BT 253.51 220.10 Td (weakness, ) Tj ET Q q 0 0 0 rg BT 296.40 220.10 Td (described ) Tj ET Q q 0 0 0 rg BT 336.79 220.10 Td (above ) Tj ET Q q 0 0 0 rg BT 362.73 220.10 Td (on ) Tj ET Q q 0 0 0 rg BT 374.81 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.09 220.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 441.69 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.10 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.38 220.10 Td (objectives ) Tj ET Q q 0 0 0 rg BT 509.00 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.40 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.69 220.10 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (criteria, ) Tj ET Q q 0 0 0 rg BT 83.51 208.10 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 119.53 208.10 Td (Holding ) Tj ET Q q 0 0 0 rg BT 155.00 208.10 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 206.02 208.10 Td (has ) Tj ET Q q 0 0 0 rg BT 222.05 208.10 Td (not ) Tj ET Q q 0 0 0 rg BT 237.52 208.10 Td (maintained ) Tj ET Q q 0 0 0 rg BT 284.64 208.10 Td (ef) Tj ET Q q 0 0 0 rg BT 292.23 208.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 322.13 208.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 355.37 208.10 Td (control ) Tj ET Q q 0 0 0 rg BT 386.39 208.10 Td (over ) Tj ET Q q 0 0 0 rg BT 406.85 208.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 444.53 208.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 483.88 208.10 Td (as ) Tj ET Q q 0 0 0 rg BT 494.90 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.93 208.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 75.00 196.10 Td (based ) Tj ET Q q 0 0 0 rg BT 100.27 196.10 Td (on ) Tj ET Q q 0 0 0 rg BT 112.77 196.10 Td (COSO ) Tj ET Q q 0 0 0 rg BT 141.94 196.10 Td (criteria.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.10 Td (/s/Ernst& ) Tj ET Q q 0 0 0 rg BT 95.46 141.10 Td (Y) Tj ET Q q 0 0 0 rg BT 101.68 141.10 Td (oung ) Tj ET Q q 0 0 0 rg BT 124.18 141.10 Td (LLP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.10 Td (MetroPark, ) Tj ET Q q 0 0 0 rg BT 97.77 120.10 Td (New ) Tj ET Q q 0 0 0 rg BT 119.15 120.10 Td (Jersey) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 87.10 Td (February28, ) Tj ET Q q 0 0 0 rg BT 103.60 87.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 231 0 obj <>] /Rotate 0 /Contents 232 0 R>> endobj 232 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item9B.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.66 742.25 Td (OTHER INFORMA) Tj ET Q q 0 0 0 rg BT 172.79 742.25 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 724.25 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.90 712.25 Td (P) Tj ET Q q 0 0 0 rg BT 291.27 712.25 Td (AR) Tj ET Q q 0 0 0 rg BT 305.36 712.25 Td (T) Tj ET Q q 0 0 0 rg BT 311.85 712.25 Td (III) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Item10.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 84.99 694.25 Td (DIRECT) Tj ET Q q 0 0 0 rg BT 124.54 694.25 Td (ORS, EXECUTIVE OFFICERS ) Tj ET Q q 0 0 0 rg BT 260.89 694.25 Td (AND CORPORA) Tj ET Q q 0 0 0 rg BT 331.18 694.25 Td (TE GOVERNANCE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 676.25 Td (Information ) Tj ET Q q 0 0 0 rg BT 109.12 676.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 149.79 676.25 Td (our ) Tj ET Q q 0 0 0 rg BT 165.47 676.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 206.13 676.25 Td (of) Tj ET Q q 0 0 0 rg BT 214.28 676.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 238.84 676.25 Td (is ) Tj ET Q q 0 0 0 rg BT 247.87 676.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 300.75 676.25 Td (by ) Tj ET Q q 0 0 0 rg BT 313.11 676.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 352.64 676.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 379.98 676.25 Td (from ) Tj ET Q q 0 0 0 rg BT 401.77 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 416.34 676.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 460.37 676.25 Td (under ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 485.49 676.25 Td (Item1. ) Tj ET Q q 0 0 0 rg BT 515.61 676.25 Td (Business ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 91.05 664.25 Td (Officers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.26 664.25 Td ( ) Tj ET Q q 0 0 0 rg BT 125.45 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 135.97 664.25 Td (this ) Tj ET Q q 0 0 0 rg BT 152.13 664.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 183.75 664.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 213.16 664.25 Td (on ) Tj ET Q q 0 0 0 rg BT 225.35 664.25 Td (Form10-K. ) Tj ET Q q 0 0 0 rg BT 274.60 664.25 Td (W) Tj ET Q q 0 0 0 rg BT 283.24 664.25 Td (e ) Tj ET Q q 0 0 0 rg BT 289.86 664.25 Td (have ) Tj ET Q q 0 0 0 rg BT 310.93 664.25 Td (a ) Tj ET Q q 0 0 0 rg BT 317.56 664.25 Td (Code ) Tj ET Q q 0 0 0 rg BT 340.86 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 351.37 664.25 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 387.45 664.25 Td (and ) Tj ET Q q 0 0 0 rg BT 404.08 664.25 Td (Ethics ) Tj ET Q q 0 0 0 rg BT 431.26 664.25 Td (for ) Tj ET Q q 0 0 0 rg BT 445.11 664.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 473.41 664.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 512.81 664.25 Td (Of) Tj ET Q q 0 0 0 rg BT 523.18 664.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 547.58 664.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (a ) Tj ET Q q 0 0 0 rg BT 57.12 652.25 Td (Policy ) Tj ET Q q 0 0 0 rg BT 85.36 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 96.37 652.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 134.62 652.25 Td (Conduct. ) Tj ET Q q 0 0 0 rg BT 173.50 652.25 Td (The ) Tj ET Q q 0 0 0 rg BT 191.73 652.25 Td (Code ) Tj ET Q q 0 0 0 rg BT 215.52 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 226.53 652.25 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 263.10 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 280.22 652.25 Td (Ethics ) Tj ET Q q 0 0 0 rg BT 307.90 652.25 Td (applies ) Tj ET Q q 0 0 0 rg BT 338.91 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 349.37 652.25 Td (our ) Tj ET Q q 0 0 0 rg BT 365.38 652.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 390.28 652.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 432.95 652.25 Td (Of) Tj ET Q q 0 0 0 rg BT 443.32 652.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 461.23 652.25 Td (, ) Tj ET Q q 0 0 0 rg BT 466.42 652.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 491.31 652.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 531.21 652.25 Td (Of) Tj ET Q q 0 0 0 rg BT 541.58 652.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 559.50 652.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 74.39 640.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 123.83 640.25 Td (Of) Tj ET Q q 0 0 0 rg BT 134.20 640.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 152.12 640.25 Td (, ) Tj ET Q q 0 0 0 rg BT 157.41 640.25 Td (Controller ) Tj ET Q q 0 0 0 rg BT 201.30 640.25 Td (or ) Tj ET Q q 0 0 0 rg BT 212.42 640.25 Td (persons ) Tj ET Q q 0 0 0 rg BT 245.76 640.25 Td (performing ) Tj ET Q q 0 0 0 rg BT 293.53 640.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 324.09 640.25 Td (functions. ) Tj ET Q q 0 0 0 rg BT 366.40 640.25 Td (The ) Tj ET Q q 0 0 0 rg BT 384.73 640.25 Td (Policy ) Tj ET Q q 0 0 0 rg BT 413.07 640.25 Td (of ) Tj ET Q q 0 0 0 rg BT 424.19 640.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 462.54 640.25 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 499.22 640.25 Td (applies ) Tj ET Q q 0 0 0 rg BT 530.33 640.25 Td (to ) Tj ET Q q 0 0 0 rg BT 540.90 640.25 Td (all ) Tj ET Q q 0 0 0 rg BT 553.68 640.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.05 628.25 Td (directors, ) Tj ET Q q 0 0 0 rg BT 104.26 628.25 Td (of) Tj ET Q q 0 0 0 rg BT 112.41 628.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 136.34 628.25 Td (and ) Tj ET Q q 0 0 0 rg BT 152.50 628.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 196.99 628.25 Td (and ) Tj ET Q q 0 0 0 rg BT 213.15 628.25 Td (those ) Tj ET Q q 0 0 0 rg BT 235.98 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 246.03 628.25 Td (our ) Tj ET Q q 0 0 0 rg BT 261.08 628.25 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 312.52 628.25 Td (Both ) Tj ET Q q 0 0 0 rg BT 333.70 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 347.63 628.25 Td (Code ) Tj ET Q q 0 0 0 rg BT 370.47 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 380.52 628.25 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 416.13 628.25 Td (and ) Tj ET Q q 0 0 0 rg BT 432.29 628.25 Td (Ethics ) Tj ET Q q 0 0 0 rg BT 459.01 628.25 Td (and ) Tj ET Q q 0 0 0 rg BT 475.17 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.11 628.25 Td (Policy ) Tj ET Q q 0 0 0 rg BT 516.39 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 526.44 628.25 Td (Business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 87.00 616.25 Td (are ) Tj ET Q q 0 0 0 rg BT 102.31 616.25 Td (posted ) Tj ET Q q 0 0 0 rg BT 131.53 616.25 Td (on ) Tj ET Q q 0 0 0 rg BT 144.64 616.25 Td (our ) Tj ET Q q 0 0 0 rg BT 161.08 616.25 Td (website ) Tj ET Q q 0 0 0 rg BT 194.74 616.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 205.068359375 614.9169921875 m 279.39453125 614.9169921875 l s q 0 0 0 rg BT 205.07 616.25 Td (www) Tj ET Q q 0 0 0 rg BT 226.08 616.25 Td (.covanta.com) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.39 616.25 Td ( ) Tj ET Q q 0 0 0 rg BT 282.50 616.25 Td (on ) Tj ET Q q 0 0 0 rg BT 295.62 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.94 616.25 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 354.04 616.25 Td (Governance ) Tj ET Q q 0 0 0 rg BT 405.45 616.25 Td (page. ) Tj ET Q q 0 0 0 rg BT 429.72 616.25 Td (W) Tj ET Q q 0 0 0 rg BT 438.35 616.25 Td (e ) Tj ET Q q 0 0 0 rg BT 445.90 616.25 Td (will ) Tj ET Q q 0 0 0 rg BT 464.57 616.25 Td (post ) Tj ET Q q 0 0 0 rg BT 484.35 616.25 Td (on ) Tj ET Q q 0 0 0 rg BT 497.46 616.25 Td (our ) Tj ET Q q 0 0 0 rg BT 513.90 616.25 Td (website ) Tj ET Q q 0 0 0 rg BT 547.56 616.25 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 103.20 604.25 Td (to ) Tj ET Q q 0 0 0 rg BT 113.64 604.25 Td (or ) Tj ET Q q 0 0 0 rg BT 124.62 604.25 Td (waivers ) Tj ET Q q 0 0 0 rg BT 158.38 604.25 Td (of ) Tj ET Q q 0 0 0 rg BT 169.37 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.24 604.25 Td (Code ) Tj ET Q q 0 0 0 rg BT 208.01 604.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.00 604.25 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 255.54 604.25 Td (and ) Tj ET Q q 0 0 0 rg BT 272.64 604.25 Td (Ethics ) Tj ET Q q 0 0 0 rg BT 300.29 604.25 Td (or ) Tj ET Q q 0 0 0 rg BT 311.28 604.25 Td (Policy ) Tj ET Q q 0 0 0 rg BT 339.49 604.25 Td (of ) Tj ET Q q 0 0 0 rg BT 350.48 604.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 388.70 604.25 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 425.24 604.25 Td (for ) Tj ET Q q 0 0 0 rg BT 439.56 604.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 480.53 604.25 Td (of) Tj ET Q q 0 0 0 rg BT 488.68 604.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 513.54 604.25 Td (or ) Tj ET Q q 0 0 0 rg BT 524.53 604.25 Td (directors, ) 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 61.29 592.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 109.76 592.25 Td (with ) Tj ET Q q 0 0 0 rg BT 131.04 592.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 175.64 592.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 197.48 592.25 Td (and ) Tj ET Q q 0 0 0 rg BT 215.42 592.25 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 265.61 592.25 Td (The ) Tj ET Q q 0 0 0 rg BT 284.67 592.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 328.72 592.25 Td (information ) Tj ET Q q 0 0 0 rg BT 379.44 592.25 Td (called ) Tj ET Q q 0 0 0 rg BT 406.82 592.25 Td (for ) Tj ET Q q 0 0 0 rg BT 421.99 592.25 Td (by ) Tj ET Q q 0 0 0 rg BT 435.50 592.25 Td (this ) Tj ET Q q 0 0 0 rg BT 453.45 592.25 Td (Item10 ) Tj ET Q q 0 0 0 rg BT 487.79 592.25 Td (is ) Tj ET Q q 0 0 0 rg BT 497.96 592.25 Td (incorporated ) 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 (reference ) Tj ET Q q 0 0 0 rg BT 88.47 580.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 114.75 580.25 Td (from ) Tj ET Q q 0 0 0 rg BT 135.48 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.99 580.25 Td (discussions ) Tj ET Q q 0 0 0 rg BT 195.84 580.25 Td (under ) Tj ET Q q 0 0 0 rg BT 219.90 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.41 580.25 Td (headings ) Tj ET Q q 0 0 0 rg BT 270.25 580.25 Td (Election ) Tj ET Q q 0 0 0 rg BT 309.30 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 318.92 580.25 Td (Directors, ) Tj ET Q q 0 0 0 rg BT 364.36 580.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 394.53 580.25 Td (Structure ) Tj ET Q q 0 0 0 rg BT 432.47 580.25 Td (and ) Tj ET Q q 0 0 0 rg BT 448.20 580.25 Td (Composition ) Tj ET Q q 0 0 0 rg BT 513.67 580.25 Td (Committees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.93 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.74 568.25 Td (Board, ) Tj ET Q q 0 0 0 rg BT 109.71 568.25 Td (and ) Tj ET Q q 0 0 0 rg BT 126.74 568.25 Td (Security ) Tj ET Q q 0 0 0 rg BT 167.10 568.25 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 213.58 568.25 Td (of ) Tj ET Q q 0 0 0 rg BT 224.50 568.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 256.53 568.25 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 300.22 568.25 Td (Owners ) Tj ET Q q 0 0 0 rg BT 333.92 568.25 Td (and ) Tj ET Q q 0 0 0 rg BT 350.95 568.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 418.25 568.25 Td (Section16\(a\) ) Tj ET Q q 0 0 0 rg BT 474.44 568.25 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 518.12 568.25 Td (Ownership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 92.50 556.25 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 147.75 556.25 Td (in ) Tj ET Q q 0 0 0 rg BT 158.03 556.25 Td (our ) Tj ET Q q 0 0 0 rg BT 173.86 556.25 Td (definitive ) Tj ET Q q 0 0 0 rg BT 214.68 556.25 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 241.07 556.25 Td (Statement ) Tj ET Q q 0 0 0 rg BT 283.56 556.25 Td (for ) Tj ET Q q 0 0 0 rg BT 297.72 556.25 Td (the ) Tj ET Q q 0 0 0 rg BT 312.44 556.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 334.39 556.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 366.33 556.25 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 402.15 556.25 Td (of ) Tj ET Q q 0 0 0 rg BT 412.98 556.25 Td (Stockholders.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (Item1) Tj ET Q q 0 0 0 rg BT 76.94 538.25 Td (1.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 84.44 538.25 Td (EXECUTIVE COMPENSA) Tj ET Q q 0 0 0 rg BT 201.14 538.25 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 520.25 Td (The ) Tj ET Q q 0 0 0 rg BT 76.68 520.25 Td (information ) Tj ET Q q 0 0 0 rg BT 126.03 520.25 Td (required ) Tj ET Q q 0 0 0 rg BT 161.48 520.25 Td (by ) Tj ET Q q 0 0 0 rg BT 173.62 520.25 Td (Item1) Tj ET Q q 0 0 0 rg BT 199.07 520.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 206.21 520.25 Td (of ) Tj ET Q q 0 0 0 rg BT 216.68 520.25 Td (Form10-K ) Tj ET Q q 0 0 0 rg BT 263.53 520.25 Td (is ) Tj ET Q q 0 0 0 rg BT 272.34 520.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 325.01 520.25 Td (by ) Tj ET Q q 0 0 0 rg BT 337.14 520.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 376.46 520.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 403.58 520.25 Td (from ) Tj ET Q q 0 0 0 rg BT 425.16 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 439.51 520.25 Td (discussions ) Tj ET Q q 0 0 0 rg BT 487.21 520.25 Td (under ) Tj ET Q q 0 0 0 rg BT 512.12 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 526.47 520.25 Td (headings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 117.09 508.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 166.40 508.25 Td (Report, ) Tj ET Q q 0 0 0 rg BT 205.43 508.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 239.18 508.25 Td (Structure ) Tj ET Q q 0 0 0 rg BT 280.71 508.25 Td (and ) Tj ET Q q 0 0 0 rg BT 300.02 508.25 Td (Composition ) Tj ET Q q 0 0 0 rg BT 369.07 508.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 431.72 508.25 Td (of ) Tj ET Q q 0 0 0 rg BT 444.93 508.25 Td (the ) Tj ET Q q 0 0 0 rg BT 462.02 508.25 Td (Board, ) Tj ET Q q 0 0 0 rg BT 498.27 508.25 Td (and ) Tj ET Q q 0 0 0 rg BT 517.58 508.25 Td (Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 114.71 496.25 Td (in ) Tj ET Q q 0 0 0 rg BT 124.99 496.25 Td (our ) Tj ET Q q 0 0 0 rg BT 140.82 496.25 Td (definitive ) Tj ET Q q 0 0 0 rg BT 181.64 496.25 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 208.03 496.25 Td (Statement ) Tj ET Q q 0 0 0 rg BT 250.52 496.25 Td (for ) Tj ET Q q 0 0 0 rg BT 264.68 496.25 Td (the ) Tj ET Q q 0 0 0 rg BT 279.40 496.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 301.35 496.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 333.29 496.25 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 369.11 496.25 Td (of ) Tj ET Q q 0 0 0 rg BT 379.94 496.25 Td (Stockholders.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 478.25 Td (Item12.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 84.49 478.25 Td (SECURITY) Tj ET Q q 0 0 0 rg BT 135.52 478.25 Td ( OWNERSHIP) Tj ET Q q 0 0 0 rg BT 197.66 478.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 213.88 478.25 Td ( CERT) Tj ET Q q 0 0 0 rg BT 241.94 478.25 Td (AIN BENEFICIAL) Tj ET Q q 0 0 0 rg BT 322.99 478.25 Td ( OWNERS ) Tj ET Q q 0 0 0 rg BT 369.85 478.25 Td (AND MANAGEMENT ) Tj ET Q q 0 0 0 rg BT 467.83 478.25 Td (AND RELA) Tj ET Q q 0 0 0 rg BT 517.01 478.25 Td (TED ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 466.25 Td (ST) Tj ET Q q 0 0 0 rg BT 96.99 466.25 Td (OCKHOLDER MA) Tj ET Q q 0 0 0 rg BT 176.73 466.25 Td (TTERS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 448.25 Td (The ) Tj ET Q q 0 0 0 rg BT 76.80 448.25 Td (information ) Tj ET Q q 0 0 0 rg BT 126.77 448.25 Td (required ) Tj ET Q q 0 0 0 rg BT 162.84 448.25 Td (by ) Tj ET Q q 0 0 0 rg BT 175.60 448.25 Td (Item12 ) Tj ET Q q 0 0 0 rg BT 209.18 448.25 Td (of ) Tj ET Q q 0 0 0 rg BT 220.26 448.25 Td (Form10-K ) Tj ET Q q 0 0 0 rg BT 267.74 448.25 Td (with ) Tj ET Q q 0 0 0 rg BT 288.27 448.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 319.34 448.25 Td (to ) Tj ET Q q 0 0 0 rg BT 329.88 448.25 Td (directors, ) Tj ET Q q 0 0 0 rg BT 370.12 448.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 411.18 448.25 Td (of) Tj ET Q q 0 0 0 rg BT 419.33 448.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 444.30 448.25 Td (and ) Tj ET Q q 0 0 0 rg BT 461.49 448.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 491.45 448.25 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 533.62 448.25 Td (owners ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.25 Td (is ) Tj ET Q q 0 0 0 rg BT 58.38 436.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 111.13 436.25 Td (by ) Tj ET Q q 0 0 0 rg BT 123.34 436.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 162.74 436.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 189.94 436.25 Td (from ) Tj ET Q q 0 0 0 rg BT 211.59 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 226.02 436.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 269.90 436.25 Td (under ) Tj ET Q q 0 0 0 rg BT 294.88 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.31 436.25 Td (heading ) Tj ET Q q 0 0 0 rg BT 343.18 436.25 Td (Security ) Tj ET Q q 0 0 0 rg BT 383.16 436.25 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 429.26 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 439.80 436.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 471.45 436.25 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 514.75 436.25 Td (Owners ) Tj ET Q q 0 0 0 rg BT 548.06 436.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 108.64 424.25 Td (in ) Tj ET Q q 0 0 0 rg BT 118.92 424.25 Td (our ) Tj ET Q q 0 0 0 rg BT 134.75 424.25 Td (definitive ) Tj ET Q q 0 0 0 rg BT 175.57 424.25 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 201.96 424.25 Td (Statement ) Tj ET Q q 0 0 0 rg BT 244.45 424.25 Td (for ) Tj ET Q q 0 0 0 rg BT 258.61 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 273.33 424.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 295.28 424.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 327.21 424.25 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 363.04 424.25 Td (of ) Tj ET Q q 0 0 0 rg BT 373.87 424.25 Td (Stockholders.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 406.25 Td (Equity ) Tj ET Q q 0 0 0 rg BT 80.90 406.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 145.08 406.25 Td (Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 388.25 Td (The ) Tj ET Q q 0 0 0 rg BT 77.36 388.25 Td (following ) Tj ET Q q 0 0 0 rg BT 119.57 388.25 Td (table ) Tj ET Q q 0 0 0 rg BT 142.32 388.25 Td (sets ) Tj ET Q q 0 0 0 rg BT 160.64 388.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 183.40 388.25 Td (information ) Tj ET Q q 0 0 0 rg BT 233.92 388.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 275.56 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.09 388.25 Td (number ) Tj ET Q q 0 0 0 rg BT 324.96 388.25 Td (of ) Tj ET Q q 0 0 0 rg BT 336.61 388.25 Td (our ) Tj ET Q q 0 0 0 rg BT 353.25 388.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 394.33 388.25 Td (that ) Tj ET Q q 0 0 0 rg BT 412.65 388.25 Td (could ) Tj ET Q q 0 0 0 rg BT 438.18 388.25 Td (be ) Tj ET Q q 0 0 0 rg BT 450.94 388.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 479.26 388.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 502.57 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.11 388.25 Td (exercise ) Tj ET Q q 0 0 0 rg BT 554.18 388.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 98.28 376.25 Td (options, ) Tj ET Q q 0 0 0 rg BT 132.34 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.67 376.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 185.43 376.25 Td (average ) Tj ET Q q 0 0 0 rg BT 218.63 376.25 Td (exercise ) Tj ET Q q 0 0 0 rg BT 253.49 376.25 Td (price ) Tj ET Q q 0 0 0 rg BT 275.59 376.25 Td (of ) Tj ET Q q 0 0 0 rg BT 286.03 376.25 Td (those ) Tj ET Q q 0 0 0 rg BT 309.25 376.25 Td (options ) Tj ET Q q 0 0 0 rg BT 340.81 376.25 Td (in ) Tj ET Q q 0 0 0 rg BT 350.70 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 365.03 376.25 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 400.47 376.25 Td (Holding ) Tj ET Q q 0 0 0 rg BT 435.36 376.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 485.80 376.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 507.91 376.25 Td (Equity ) Tj ET Q q 0 0 0 rg BT 536.22 376.25 Td (A) Tj ET Q q 0 0 0 rg BT 542.52 376.25 Td (ward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 69.78 364.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 87.83 364.25 Td ("Plan"\) ) Tj ET Q q 0 0 0 rg BT 119.60 364.25 Td (and ) Tj ET Q q 0 0 0 rg BT 136.54 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 151.25 364.25 Td (number ) Tj ET Q q 0 0 0 rg BT 184.30 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 195.13 364.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 235.39 364.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 278.44 364.25 Td (for ) Tj ET Q q 0 0 0 rg BT 292.60 364.25 Td (future ) Tj ET Q q 0 0 0 rg BT 318.97 364.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 355.35 364.25 Td (under ) Tj ET Q q 0 0 0 rg BT 380.62 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.33 364.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 415.61 364.25 Td (as ) Tj ET Q q 0 0 0 rg BT 426.44 364.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.27 364.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 495.86 364.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.86 364.25 Td (. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 268.75 228.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.00 268.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.00 268.75 91.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 268.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.00 268.75 90.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 268.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 268.75 91.00 -25.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 243.75 228.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 218.75 228.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.00 218.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.00 218.75 91.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 218.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.00 218.75 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 218.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 218.75 91.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 268.75 m 278 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282 268.75 m 373 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377 268.75 m 467 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 268.75 m 562 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282 218.75 m 373 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377 218.75 m 467 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 218.75 m 562 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282 204.75 m 373 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282 202.75 m 373 202.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377 204.75 m 467 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377 202.75 m 467 202.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 204.75 m 562 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 202.75 m 562 202.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 272.98 Td (Plan Category) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.50 304.98 Td (Number) Tj ET Q q 0 0 0 rg BT 313.80 304.98 Td (ofSecurities to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.40 296.98 Td (beIssuedUponExer) Tj ET Q q 0 0 0 rg BT 356.16 296.98 Td (cise) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.75 288.98 Td (of Outstanding Options,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.95 280.98 Td (W) Tj ET Q q 0 0 0 rg BT 298.51 280.98 Td (arrants and Rights) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 321.40 272.98 Td (\(A\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.55 312.98 Td (W) Tj ET Q q 0 0 0 rg BT 398.11 312.98 Td (eighted) Tj ET Q q 0 0 0 rg BT 424.55 312.98 Td (A) Tj ET Q q 0 0 0 rg BT 429.74 312.98 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.90 304.98 Td (Exer) Tj ET Q q 0 0 0 rg BT 409.19 304.98 Td (cise Price of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.15 296.98 Td (Outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.55 288.98 Td (Options,) Tj ET Q q 0 0 0 rg BT 420.53 288.98 Td (W) Tj ET Q q 0 0 0 rg BT 428.09 288.98 Td (arrants) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.90 280.98 Td (and Rights) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.15 272.98 Td (\(B\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.85 344.98 Td (Number) Tj ET Q q 0 0 0 rg BT 508.15 344.98 Td (ofSecurities ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.30 336.98 Td (Remaining) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.30 328.98 Td (A) Tj ET Q q 0 0 0 rg BT 486.48 328.98 Td (vailable for) Tj ET Q q 0 0 0 rg BT 525.22 328.98 Td ( Futur) Tj ET Q q 0 0 0 rg BT 547.08 328.98 Td (e ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.30 320.98 Td (Issuance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.60 312.98 Td (Under) Tj ET Q q 0 0 0 rg BT 514.23 312.98 Td ( Equity ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.30 304.98 Td (Compensation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.95 296.98 Td (Plans \(Excluding ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.30 288.98 Td (Securities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.85 280.98 Td (Reflected in Column ) Tj ET Q q 0 0 0 rg BT 547.62 280.98 Td (A\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.40 272.98 Td (\(C\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 259.32 Td (Equity Compensation Plans Approved By Security) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 249.32 Td (Holders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 248.42 Td (1,079,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.50 248.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 248.42 Td (21.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 248.42 Td (4,369,327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 234.32 Td (Equity Compensation Plans Not Approved By Security) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 224.32 Td (Holders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.80 223.42 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.80 223.42 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 223.42 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 209.32 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 208.42 Td (1,079,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.50 208.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 208.42 Td (21.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 208.42 Td (4,369,327) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 190.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 67.50 190.25 Td (Of ) Tj ET Q q 0 0 0 rg BT 79.64 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 93.28 190.25 Td (4,369,327shares ) Tj ET Q q 0 0 0 rg BT 156.66 190.25 Td (that ) Tj ET Q q 0 0 0 rg BT 172.80 190.25 Td (remain ) Tj ET Q q 0 0 0 rg BT 200.43 190.25 Td (available ) Tj ET Q q 0 0 0 rg BT 235.56 190.25 Td (for ) Tj ET Q q 0 0 0 rg BT 248.69 190.25 Td (future ) Tj ET Q q 0 0 0 rg BT 272.83 190.25 Td (issuance, ) Tj ET Q q 0 0 0 rg BT 308.21 190.25 Td (366,451 ) Tj ET Q q 0 0 0 rg BT 340.10 190.25 Td (have ) Tj ET Q q 0 0 0 rg BT 359.74 190.25 Td (been ) Tj ET Q q 0 0 0 rg BT 379.37 190.25 Td (forfeited, ) Tj ET Q q 0 0 0 rg BT 415.24 190.25 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 452.61 190.25 Td (4,002,876 ) Tj ET Q q 0 0 0 rg BT 491.26 190.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 516.39 190.25 Td (are ) Tj ET Q q 0 0 0 rg BT 530.02 190.25 Td (currently ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.50 181.25 Td (available ) Tj ET Q q 0 0 0 rg BT 102.23 181.25 Td (for ) Tj ET Q q 0 0 0 rg BT 114.97 181.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 147.71 181.25 Td (under ) Tj ET Q q 0 0 0 rg BT 170.46 181.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.70 181.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 208.45 181.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 260.68 181.25 Td (plans.) Tj ET Q endstream endobj 233 0 obj <>] /Rotate 0 /Contents 234 0 R>> endobj 234 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item13.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 84.99 742.25 Td (CERT) Tj ET Q q 0 0 0 rg BT 113.06 742.25 Td (AIN RELA) Tj ET Q q 0 0 0 rg BT 158.91 742.25 Td (TIONSHIPS ) Tj ET Q q 0 0 0 rg BT 214.38 742.25 Td (AND RELA) Tj ET Q q 0 0 0 rg BT 263.56 742.25 Td (TED TRANSACTIONS, ) Tj ET Q q 0 0 0 rg BT 366.26 742.25 Td (AND DIRECT) Tj ET Q q 0 0 0 rg BT 426.93 742.25 Td (OR INDEPENDENCE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 724.25 Td (The ) Tj ET Q q 0 0 0 rg BT 76.66 724.25 Td (information ) Tj ET Q q 0 0 0 rg BT 125.99 724.25 Td (required ) Tj ET Q q 0 0 0 rg BT 161.42 724.25 Td (by ) Tj ET Q q 0 0 0 rg BT 173.53 724.25 Td (Item13 ) Tj ET Q q 0 0 0 rg BT 206.47 724.25 Td (of ) Tj ET Q q 0 0 0 rg BT 216.92 724.25 Td (Form10-K ) Tj ET Q q 0 0 0 rg BT 263.75 724.25 Td (is ) Tj ET Q q 0 0 0 rg BT 272.54 724.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 325.18 724.25 Td (by ) Tj ET Q q 0 0 0 rg BT 337.30 724.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 376.59 724.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 403.69 724.25 Td (from ) Tj ET Q q 0 0 0 rg BT 425.25 724.25 Td (the ) Tj ET Q q 0 0 0 rg BT 439.58 724.25 Td (discussions ) Tj ET Q q 0 0 0 rg BT 487.25 724.25 Td (under ) Tj ET Q q 0 0 0 rg BT 512.13 724.25 Td (the ) Tj ET Q q 0 0 0 rg BT 526.47 724.25 Td (headings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 80.46 712.25 Td (Structure ) Tj ET Q q 0 0 0 rg BT 118.69 712.25 Td (and ) Tj ET Q q 0 0 0 rg BT 134.71 712.25 Td (Composition ) Tj ET Q q 0 0 0 rg BT 192.40 712.25 Td (and ) Tj ET Q q 0 0 0 rg BT 208.42 712.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 243.87 712.25 Td (Relationships ) Tj ET Q q 0 0 0 rg BT 299.90 712.25 Td (and ) Tj ET Q q 0 0 0 rg BT 315.91 712.25 Td (Related ) Tj ET Q q 0 0 0 rg BT 348.03 712.25 Td (Person ) Tj ET Q q 0 0 0 rg BT 376.72 712.25 Td (T) Tj ET Q q 0 0 0 rg BT 382.48 712.25 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 433.48 712.25 Td (in ) Tj ET Q q 0 0 0 rg BT 442.84 712.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.64 712.25 Td (definitive ) Tj ET Q q 0 0 0 rg BT 496.54 712.25 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 522.01 712.25 Td (Statement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 78.88 700.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 100.83 700.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 132.76 700.25 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 168.59 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.42 700.25 Td (Stockholders.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (Item14.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 84.99 682.25 Td (PRINCIP) Tj ET Q q 0 0 0 rg BT 127.31 682.25 Td (AL) Tj ET Q q 0 0 0 rg BT 139.72 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 141.85 682.25 Td (ACCOUNT) Tj ET Q q 0 0 0 rg BT 189.08 682.25 Td (ANT FEES ) Tj ET Q q 0 0 0 rg BT 239.28 682.25 Td (AND SER) Tj ET Q q 0 0 0 rg BT 281.61 682.25 Td (VICES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 664.25 Td (The ) Tj ET Q q 0 0 0 rg BT 77.12 664.25 Td (information ) Tj ET Q q 0 0 0 rg BT 126.90 664.25 Td (required ) Tj ET Q q 0 0 0 rg BT 162.79 664.25 Td (by ) Tj ET Q q 0 0 0 rg BT 175.36 664.25 Td (Item14 ) Tj ET Q q 0 0 0 rg BT 208.76 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.66 664.25 Td (Form10-K ) Tj ET Q q 0 0 0 rg BT 266.96 664.25 Td (is ) Tj ET Q q 0 0 0 rg BT 276.20 664.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 329.30 664.25 Td (by ) Tj ET Q q 0 0 0 rg BT 341.88 664.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 381.63 664.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 409.19 664.25 Td (from ) Tj ET Q q 0 0 0 rg BT 431.20 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 445.99 664.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 490.23 664.25 Td (under ) Tj ET Q q 0 0 0 rg BT 515.57 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 530.36 664.25 Td (heading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (Independent ) Tj ET Q q 0 0 0 rg BT 105.73 652.25 Td (Registered ) Tj ET Q q 0 0 0 rg BT 150.36 652.25 Td (Public ) Tj ET Q q 0 0 0 rg BT 177.38 652.25 Td (Accountant ) Tj ET Q q 0 0 0 rg BT 225.34 652.25 Td (Fees ) Tj ET Q q 0 0 0 rg BT 249.98 652.25 Td (in ) Tj ET Q q 0 0 0 rg BT 259.63 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 273.71 652.25 Td (definitive ) Tj ET Q q 0 0 0 rg BT 313.90 652.25 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 339.66 652.25 Td (Statement ) Tj ET Q q 0 0 0 rg BT 381.52 652.25 Td (for ) Tj ET Q q 0 0 0 rg BT 395.05 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 409.14 652.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 430.59 652.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 461.90 652.25 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 497.09 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 507.29 652.25 Td (Stockholders.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.30 634.25 Td (P) Tj ET Q q 0 0 0 rg BT 291.67 634.25 Td (AR) Tj ET Q q 0 0 0 rg BT 305.76 634.25 Td (T) Tj ET Q q 0 0 0 rg BT 312.25 634.25 Td (IV) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 72.49 616.25 Td (15. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 87.49 616.25 Td (EXHIBITS, ) Tj ET Q q 0 0 0 rg BT 139.73 616.25 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 194.38 616.25 Td ( ) Tj ET Q q 0 0 0 rg BT 196.88 616.25 Td (ST) Tj ET Q q 0 0 0 rg BT 207.99 616.25 Td (A) Tj ET Q q 0 0 0 rg BT 214.11 616.25 Td (TEMENT ) Tj ET Q q 0 0 0 rg BT 258.28 616.25 Td (SCHEDULES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 68.00 598.25 Td (Documents ) Tj ET Q q 0 0 0 rg BT 116.05 598.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 136.87 598.25 Td (as ) Tj ET Q q 0 0 0 rg BT 147.70 598.25 Td (part ) Tj ET Q q 0 0 0 rg BT 165.75 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 176.58 598.25 Td (this ) Tj ET Q q 0 0 0 rg BT 193.53 598.25 Td (report:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 580.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 123.27 580.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 162.99 580.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 209.37 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 220.20 580.25 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 256.02 580.25 Td (Holding ) Tj ET Q q 0 0 0 rg BT 291.30 580.25 Td (Corporation:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 562.25 Td (Included ) Tj ET Q q 0 0 0 rg BT 105.49 562.25 Td (in ) Tj ET Q q 0 0 0 rg BT 115.76 562.25 Td (PartII ) Tj ET Q q 0 0 0 rg BT 143.53 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 154.36 562.25 Td (this ) Tj ET Q q 0 0 0 rg BT 171.31 562.25 Td (Report:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 545.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 123.27 545.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 169.66 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 180.49 545.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 226.86 545.25 Td (for ) Tj ET Q q 0 0 0 rg BT 241.02 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 255.74 545.25 Td (years ) Tj ET Q q 0 0 0 rg BT 279.34 545.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.71 545.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 364.30 545.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 389.30 545.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 411.80 545.25 Td (and ) Tj ET Q q 0 0 0 rg BT 428.74 545.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.74 545.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 533.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 123.27 533.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 169.66 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 180.49 533.25 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 245.75 533.25 Td (\(Loss\) ) Tj ET Q q 0 0 0 rg BT 273.80 533.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 306.29 533.25 Td (for ) Tj ET Q q 0 0 0 rg BT 320.45 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 335.16 533.25 Td (years ) Tj ET Q q 0 0 0 rg BT 358.76 533.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.14 533.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 443.72 533.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 468.72 533.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 491.22 533.25 Td (and ) Tj ET Q q 0 0 0 rg BT 508.16 533.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 521.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 123.27 521.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 157.98 521.25 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 186.58 521.25 Td (as ) Tj ET Q q 0 0 0 rg BT 197.41 521.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.24 521.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 266.83 521.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 289.33 521.25 Td (and ) Tj ET Q q 0 0 0 rg BT 306.27 521.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.27 521.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 509.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 123.27 509.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 169.66 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 180.49 509.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 202.99 509.25 Td (Flows ) Tj ET Q q 0 0 0 rg BT 229.94 509.25 Td (for ) Tj ET Q q 0 0 0 rg BT 244.10 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 258.82 509.25 Td (years ) Tj ET Q q 0 0 0 rg BT 282.41 509.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.79 509.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 367.38 509.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 392.38 509.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 414.88 509.25 Td (and ) Tj ET Q q 0 0 0 rg BT 431.81 509.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 497.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 123.27 497.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 169.66 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 180.49 497.25 Td (Equity ) Tj ET Q q 0 0 0 rg BT 209.65 497.25 Td (for ) Tj ET Q q 0 0 0 rg BT 223.81 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 238.53 497.25 Td (years ) Tj ET Q q 0 0 0 rg BT 262.13 497.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.50 497.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 347.09 497.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 372.09 497.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 394.59 497.25 Td (and ) Tj ET Q q 0 0 0 rg BT 411.53 497.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 485.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 93.83 485.25 Td (to ) Tj ET Q q 0 0 0 rg BT 104.11 485.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 159.38 485.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 199.09 485.25 Td (Statements, ) Tj ET Q q 0 0 0 rg BT 247.98 485.25 Td (for ) Tj ET Q q 0 0 0 rg BT 262.14 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.85 485.25 Td (years ) Tj ET Q q 0 0 0 rg BT 300.45 485.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.83 485.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 385.41 485.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 410.41 485.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 432.91 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 449.85 485.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 473.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 97.75 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 108.61 473.25 Td (Ernst& ) Tj ET Q q 0 0 0 rg BT 142.16 473.25 Td (Y) Tj ET Q q 0 0 0 rg BT 148.38 473.25 Td (oung ) Tj ET Q q 0 0 0 rg BT 170.91 473.25 Td (LLP) Tj ET Q q 0 0 0 rg BT 187.58 473.25 Td (, ) Tj ET Q q 0 0 0 rg BT 192.61 473.25 Td (Independent ) Tj ET Q q 0 0 0 rg BT 244.57 473.25 Td (Registered ) Tj ET Q q 0 0 0 rg BT 289.87 473.25 Td (Public ) Tj ET Q q 0 0 0 rg BT 317.40 473.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 366.59 473.25 Td (Firm, ) Tj ET Q q 0 0 0 rg BT 391.07 473.25 Td (on ) Tj ET Q q 0 0 0 rg BT 403.60 473.25 Td (the ) Tj ET Q q 0 0 0 rg BT 418.35 473.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 471.43 473.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 508.94 473.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 553.69 473.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 461.25 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 121.83 461.25 Td (Holding ) Tj ET Q q 0 0 0 rg BT 157.10 461.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 207.93 461.25 Td (for ) Tj ET Q q 0 0 0 rg BT 222.09 461.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.81 461.25 Td (years ) Tj ET Q q 0 0 0 rg BT 260.40 461.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.78 461.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 345.37 461.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 370.37 461.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 392.87 461.25 Td (and ) Tj ET Q q 0 0 0 rg BT 409.80 461.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 443.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 107.71 443.25 Td (Statement ) Tj ET Q q 0 0 0 rg BT 150.20 443.25 Td (Schedules ) Tj ET Q q 0 0 0 rg BT 193.25 443.25 Td (of ) Tj ET Q q 0 0 0 rg BT 204.08 443.25 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 239.90 443.25 Td (Holding ) Tj ET Q q 0 0 0 rg BT 275.18 443.25 Td (Corporation:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 425.25 Td (Included in PartII of this report:ScheduleII ) Tj ET Q q 0 0 0 rg BT 261.10 425.25 Td (V) Tj ET Q q 0 0 0 rg BT 267.21 425.25 Td (aluation and Qualifying ) Tj ET Q q 0 0 0 rg BT 364.14 425.25 Td (Accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 407.25 Td (All ) Tj ET Q q 0 0 0 rg BT 84.34 407.25 Td (other ) Tj ET Q q 0 0 0 rg BT 108.46 407.25 Td (schedules ) Tj ET Q q 0 0 0 rg BT 150.90 407.25 Td (are ) Tj ET Q q 0 0 0 rg BT 166.67 407.25 Td (omitted ) Tj ET Q q 0 0 0 rg BT 200.79 407.25 Td (because ) Tj ET Q q 0 0 0 rg BT 236.00 407.25 Td (they ) Tj ET Q q 0 0 0 rg BT 256.78 407.25 Td (are ) Tj ET Q q 0 0 0 rg BT 272.56 407.25 Td (not ) Tj ET Q q 0 0 0 rg BT 288.90 407.25 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 336.06 407.25 Td (not ) Tj ET Q q 0 0 0 rg BT 352.40 407.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 398.18 407.25 Td (or ) Tj ET Q q 0 0 0 rg BT 410.07 407.25 Td (not ) Tj ET Q q 0 0 0 rg BT 426.42 407.25 Td (required, ) Tj ET Q q 0 0 0 rg BT 465.80 407.25 Td (or ) Tj ET Q q 0 0 0 rg BT 477.70 407.25 Td (because ) Tj ET Q q 0 0 0 rg BT 512.91 407.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.69 407.25 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 395.25 Td (information ) Tj ET Q q 0 0 0 rg BT 117.71 395.25 Td (is ) Tj ET Q q 0 0 0 rg BT 126.88 395.25 Td (included ) Tj ET Q q 0 0 0 rg BT 163.82 395.25 Td (in ) Tj ET Q q 0 0 0 rg BT 174.09 395.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.81 395.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 226.29 395.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 267.11 395.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 290.72 395.25 Td (thereto.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 377.25 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 377.25 Td (Exhibits: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.30 360.25 Td (EXHIBIT) Tj ET Q q 0 0 0 rg BT 309.91 360.25 Td (INDEX) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 303.75 47.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 97.50 303.75 9.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 106.50 303.75 456.00 -35.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 262.75 47.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 201.75 47.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 97.50 201.75 9.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 106.50 201.75 456.00 -35.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 331.75 m 97.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 106.5 331.75 m 562.5 331.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 335.83 Td (ExhibitNo.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 100.00 335.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 109.00 335.83 Td (Description) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 314.48 Td (Articles of Incorporation and By-Laws.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 273.42 Td (3.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 100.00 273.00 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 294.32 Td (Restated ) Tj ET Q q 0 0 0 rg BT 147.94 294.32 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 194.64 294.32 Td (of ) Tj ET Q q 0 0 0 rg BT 207.47 294.32 Td (Incorporation ) Tj ET Q q 0 0 0 rg BT 266.40 294.32 Td (of ) Tj ET Q q 0 0 0 rg BT 279.23 294.32 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 317.06 294.32 Td (Holding ) Tj ET Q q 0 0 0 rg BT 354.35 294.32 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 407.17 294.32 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 465.54 294.32 Td (herein ) Tj ET Q q 0 0 0 rg BT 495.03 294.32 Td (by ) Tj ET Q q 0 0 0 rg BT 509.53 294.32 Td (reference ) Tj ET Q q 0 0 0 rg BT 551.22 294.32 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 284.32 Td (Exhibit3.1 ) Tj ET Q q 0 0 0 rg BT 155.61 284.32 Td (of ) Tj ET Q q 0 0 0 rg BT 166.11 284.32 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 201.60 284.32 Td (Holding ) Tj ET Q q 0 0 0 rg BT 236.55 284.32 Td (Corporation) Tj ET Q q 0 0 0 rg BT 287.93 284.32 Td (s ) Tj ET Q q 0 0 0 rg BT 293.71 284.32 Td (Current ) Tj ET Q q 0 0 0 rg BT 326.43 284.32 Td (Report ) Tj ET Q q 0 0 0 rg BT 355.81 284.32 Td (on ) Tj ET Q q 0 0 0 rg BT 367.98 284.32 Td (Form8-K ) Tj ET Q q 0 0 0 rg BT 409.87 284.32 Td (dated ) Tj ET Q q 0 0 0 rg BT 433.69 284.32 Td (January19, ) Tj ET Q q 0 0 0 rg BT 481.96 284.32 Td (2007 ) Tj ET Q q 0 0 0 rg BT 504.13 284.32 Td (and ) Tj ET Q q 0 0 0 rg BT 520.73 284.32 Td (filed ) Tj ET Q q 0 0 0 rg BT 541.23 284.32 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 274.32 Td (the ) Tj ET Q q 0 0 0 rg BT 123.72 274.32 Td (SEC ) Tj ET Q q 0 0 0 rg BT 144.56 274.32 Td (on ) Tj ET Q q 0 0 0 rg BT 157.06 274.32 Td (January19, ) Tj ET Q q 0 0 0 rg BT 205.66 274.32 Td (2007\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 232.42 Td (3.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 100.00 232.00 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 253.32 Td (Amended ) Tj ET Q q 0 0 0 rg BT 149.81 253.32 Td (and ) Tj ET Q q 0 0 0 rg BT 166.19 253.32 Td (Restated ) Tj ET Q q 0 0 0 rg BT 202.55 253.32 Td (Bylaws ) Tj ET Q q 0 0 0 rg BT 234.49 253.32 Td (of ) Tj ET Q q 0 0 0 rg BT 244.75 253.32 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 280.01 253.32 Td (Holding ) Tj ET Q q 0 0 0 rg BT 314.73 253.32 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 367.49 253.32 Td (ef) Tj ET Q q 0 0 0 rg BT 375.08 253.32 Td (fective ) Tj ET Q q 0 0 0 rg BT 404.21 253.32 Td (December ) Tj ET Q q 0 0 0 rg BT 447.23 253.32 Td (8, ) Tj ET Q q 0 0 0 rg BT 456.67 253.32 Td (201) Tj ET Q q 0 0 0 rg BT 471.30 253.32 Td (1 ) Tj ET Q q 0 0 0 rg BT 478.23 253.32 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 534.03 253.32 Td (herein ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 243.32 Td (by ) Tj ET Q q 0 0 0 rg BT 121.85 243.32 Td (reference ) Tj ET Q q 0 0 0 rg BT 161.88 243.32 Td (to ) Tj ET Q q 0 0 0 rg BT 172.51 243.32 Td (Exhibit3.1\(ii\) ) Tj ET Q q 0 0 0 rg BT 232.02 243.32 Td (of ) Tj ET Q q 0 0 0 rg BT 243.20 243.32 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 279.38 243.32 Td (Holding ) Tj ET Q q 0 0 0 rg BT 315.01 243.32 Td (Corporation) Tj ET Q q 0 0 0 rg BT 366.11 243.32 Td (s ) Tj ET Q q 0 0 0 rg BT 372.85 243.32 Td (Current ) Tj ET Q q 0 0 0 rg BT 406.25 243.32 Td (Report ) Tj ET Q q 0 0 0 rg BT 436.32 243.32 Td (on ) Tj ET Q q 0 0 0 rg BT 449.17 243.32 Td (Form8-K ) Tj ET Q q 0 0 0 rg BT 491.74 243.32 Td (dated ) Tj ET Q q 0 0 0 rg BT 516.25 243.32 Td (September ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 233.32 Td (19, ) Tj ET Q q 0 0 0 rg BT 124.00 233.32 Td (2013 ) Tj ET Q q 0 0 0 rg BT 146.50 233.32 Td (filed ) Tj ET Q q 0 0 0 rg BT 167.33 233.32 Td (with ) Tj ET Q q 0 0 0 rg BT 187.60 233.32 Td (the ) Tj ET Q q 0 0 0 rg BT 202.32 233.32 Td (SEC ) Tj ET Q q 0 0 0 rg BT 223.16 233.32 Td (on ) Tj ET Q q 0 0 0 rg BT 235.66 233.32 Td (September20, ) Tj ET Q q 0 0 0 rg BT 295.92 233.32 Td (2013\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 212.48 Td (Instruments Defining Rights of Security Holders, Including Indentures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 171.42 Td (4.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 191.42 Td (Registration Rights Agreement dated November8, 2002 among Covanta Holding Corporation and SZ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 181.42 Td (Investments, L.L.C. \(incorporated herein by reference to Exhibit10.6 of Covanta Holding Corporations Annual) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 171.42 Td (Report on Form10-K for the year ended December27, 2002 and filed with the SEC on March27, 2003\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 121.42 Td (4.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 151.42 Td (Registration ) Tj ET Q q 0 0 0 rg BT 161.14 151.42 Td (Rights ) Tj ET Q q 0 0 0 rg BT 189.79 151.42 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 237.47 151.42 Td (between ) Tj ET Q q 0 0 0 rg BT 274.04 151.42 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 310.62 151.42 Td (Holding ) Tj ET Q q 0 0 0 rg BT 346.65 151.42 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 400.73 151.42 Td (D.E. ) Tj ET Q q 0 0 0 rg BT 422.31 151.42 Td (Shaw ) Tj ET Q q 0 0 0 rg BT 447.79 151.42 Td (Laminar ) Tj ET Q q 0 0 0 rg BT 484.92 151.42 Td (Portfolios, ) Tj ET Q q 0 0 0 rg BT 530.12 151.42 Td (L.L.C., ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 141.42 Td (SZInvestments, ) Tj ET Q q 0 0 0 rg BT 178.54 141.42 Td (L.L.C., ) Tj ET Q q 0 0 0 rg BT 211.97 141.42 Td (and ) Tj ET Q q 0 0 0 rg BT 230.63 141.42 Td (Third ) Tj ET Q q 0 0 0 rg BT 256.39 141.42 Td (A) Tj ET Q q 0 0 0 rg BT 262.87 141.42 Td (venue ) Tj ET Q q 0 0 0 rg BT 290.96 141.42 Td (T) Tj ET Q q 0 0 0 rg BT 296.72 141.42 Td (rust, ) Tj ET Q q 0 0 0 rg BT 318.77 141.42 Td (on ) Tj ET Q q 0 0 0 rg BT 333.31 141.42 Td (behalf ) Tj ET Q q 0 0 0 rg BT 362.84 141.42 Td (of ) Tj ET Q q 0 0 0 rg BT 375.39 141.42 Td (The ) Tj ET Q q 0 0 0 rg BT 395.15 141.42 Td (Third ) Tj ET Q q 0 0 0 rg BT 420.91 141.42 Td (A) Tj ET Q q 0 0 0 rg BT 427.39 141.42 Td (venue ) Tj ET Q q 0 0 0 rg BT 455.49 141.42 Td (V) Tj ET Q q 0 0 0 rg BT 461.60 141.42 Td (alue ) Tj ET Q q 0 0 0 rg BT 482.80 141.42 Td (FundSeries, ) Tj ET Q q 0 0 0 rg BT 537.35 141.42 Td (dated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 131.42 Td (December2, ) Tj ET Q q 0 0 0 rg BT 163.48 131.42 Td (2003 ) Tj ET Q q 0 0 0 rg BT 186.87 131.42 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 244.12 131.42 Td (herein ) Tj ET Q q 0 0 0 rg BT 272.50 131.42 Td (by ) Tj ET Q q 0 0 0 rg BT 285.89 131.42 Td (reference ) Tj ET Q q 0 0 0 rg BT 326.46 131.42 Td (to ) Tj ET Q q 0 0 0 rg BT 337.63 131.42 Td (Exhibit4.1 ) Tj ET Q q 0 0 0 rg BT 385.46 131.42 Td (of ) Tj ET Q q 0 0 0 rg BT 397.19 131.42 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 433.90 131.42 Td (Holding ) Tj ET Q q 0 0 0 rg BT 470.07 131.42 Td (Corporation) Tj ET Q q 0 0 0 rg BT 521.18 131.42 Td (s ) Tj ET Q q 0 0 0 rg BT 528.46 131.42 Td (Current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 121.42 Td (Report ) Tj ET Q q 0 0 0 rg BT 138.72 121.42 Td (on ) Tj ET Q q 0 0 0 rg BT 151.22 121.42 Td (Form8-K ) Tj ET Q q 0 0 0 rg BT 193.44 121.42 Td (dated ) Tj ET Q q 0 0 0 rg BT 217.59 121.42 Td (December2, ) Tj ET Q q 0 0 0 rg BT 271.18 121.42 Td (2003 ) Tj ET Q q 0 0 0 rg BT 293.68 121.42 Td (and ) Tj ET Q q 0 0 0 rg BT 310.62 121.42 Td (filed ) Tj ET Q q 0 0 0 rg BT 331.44 121.42 Td (with ) Tj ET Q q 0 0 0 rg BT 351.72 121.42 Td (the ) Tj ET Q q 0 0 0 rg BT 366.44 121.42 Td (SEC ) Tj ET Q q 0 0 0 rg BT 387.28 121.42 Td (on ) Tj ET Q q 0 0 0 rg BT 399.78 121.42 Td (December5, ) Tj ET Q q 0 0 0 rg BT 453.36 121.42 Td (2003\).) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 102.75 46.00 -34.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 96.50 102.75 9.00 -34.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 105.50 102.75 455.00 -34.00 re f /GS0 gs BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 73.42 Td (4.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 73.00 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 93.32 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 149.21 93.32 Td (dated ) Tj ET Q q 0 0 0 rg BT 173.77 93.32 Td (as ) Tj ET Q q 0 0 0 rg BT 185.00 93.32 Td (of ) Tj ET Q q 0 0 0 rg BT 196.23 93.32 Td (January18, ) Tj ET Q q 0 0 0 rg BT 245.23 93.32 Td (2007 ) Tj ET Q q 0 0 0 rg BT 268.13 93.32 Td (between ) Tj ET Q q 0 0 0 rg BT 304.34 93.32 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 340.57 93.32 Td (Holding ) Tj ET Q q 0 0 0 rg BT 376.24 93.32 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 427.47 93.32 Td (and ) Tj ET Q q 0 0 0 rg BT 444.60 93.32 Td (W) Tj ET Q q 0 0 0 rg BT 453.23 93.32 Td (ells ) Tj ET Q q 0 0 0 rg BT 470.02 93.32 Td (Far) Tj ET Q q 0 0 0 rg BT 483.17 93.32 Td (go ) Tj ET Q q 0 0 0 rg BT 496.07 93.32 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 522.58 93.32 Td (National ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 83.32 Td (Association, ) Tj ET Q q 0 0 0 rg BT 162.44 83.32 Td (as ) Tj ET Q q 0 0 0 rg BT 175.48 83.32 Td (trustee ) Tj ET Q q 0 0 0 rg BT 206.86 83.32 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 265.44 83.32 Td (herein ) Tj ET Q q 0 0 0 rg BT 295.14 83.32 Td (by ) Tj ET Q q 0 0 0 rg BT 309.86 83.32 Td (reference ) Tj ET Q q 0 0 0 rg BT 351.76 83.32 Td (to ) Tj ET Q q 0 0 0 rg BT 364.26 83.32 Td (Exhibit4.1 ) Tj ET Q q 0 0 0 rg BT 413.42 83.32 Td (of ) Tj ET Q q 0 0 0 rg BT 426.47 83.32 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 464.51 83.32 Td (Holding ) Tj ET Q q 0 0 0 rg BT 502.01 83.32 Td (Corporation) Tj ET Q q 0 0 0 rg BT 553.11 83.32 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 73.32 Td (Registration ) Tj ET Q q 0 0 0 rg BT 159.38 73.32 Td (Statement ) Tj ET Q q 0 0 0 rg BT 201.87 73.32 Td (on ) Tj ET Q q 0 0 0 rg BT 214.37 73.32 Td (FormS-3 ) Tj ET Q q 0 0 0 rg BT 254.93 73.32 Td (\(Reg. ) Tj ET Q q 0 0 0 rg BT 279.37 73.32 Td (No.333-140082\) ) Tj ET Q q 0 0 0 rg BT 350.75 73.32 Td (filed ) Tj ET Q q 0 0 0 rg BT 371.58 73.32 Td (with ) Tj ET Q q 0 0 0 rg BT 391.86 73.32 Td (the ) Tj ET Q q 0 0 0 rg BT 406.57 73.32 Td (SEC ) Tj ET Q q 0 0 0 rg BT 427.41 73.32 Td (on ) Tj ET Q q 0 0 0 rg BT 439.91 73.32 Td (January19, ) Tj ET Q q 0 0 0 rg BT 488.51 73.32 Td (2007\).) Tj ET Q endstream endobj 235 0 obj <>] /Rotate 0 /Contents 236 0 R>> endobj 236 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (17) Tj ET Q 1 1 1 rg /GS0 gs 50.50 748.50 46.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 697.50 46.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 96.50 697.50 9.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 105.50 697.50 455.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 575.50 46.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 96.50 575.50 9.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 105.50 575.50 455.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 463.50 46.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 96.50 463.50 9.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 105.50 463.50 455.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 351.50 46.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 96.50 351.50 9.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 105.50 351.50 455.00 -35.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 310.50 46.00 -65.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 239.50 46.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 96.50 239.50 9.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 105.50 239.50 455.00 -45.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 188.50 46.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 147.50 46.00 -55.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 96.50 147.50 9.00 -55.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 105.50 147.50 455.00 -55.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 86.50 46.00 -35.00 re f /GS0 gs BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 708.17 Td (4.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 707.75 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 738.17 Td (Second Supplemental Indenture dated as of December1, 2010 between Covanta Holding Corporation and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 728.17 Td (Wells Fargo Bank, National Association, as trustee \(including the Form of Note\) \(incorporated herein by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 718.17 Td (reference to Exhibit4.3 of Covanta Holding Corporations Current Report on Form8-K dated December1,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 708.17 Td (2010 and filed with the SEC on December1, 2010\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 657.17 Td (4.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 687.17 Td (Third Supplemental Indenture dated as of March19, 2012 between Covanta Holding Corporation and Wells) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 677.17 Td (Fargo Bank, National Association, as trustee \(incorporated herein by reference to Exhibit4.2 of Covanta) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 667.17 Td (Holding Corporations Current Report on Form8-K dated March 19, 2012and filed with the SEC on March 19,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 657.17 Td (2012\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 606.17 Td (4.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 636.17 Td (Fourth Supplemental Indenture dated as of March 6, 2014 between Covanta Holding Corporation and Wells) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 626.17 Td (Fargo Bank, National Association, as trustee\(incorporated herein by reference to Exhibit4.2 of Covanta) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 616.17 Td (Holding Corporations Current Report on Form8-K datedMarch 6, 2014 and filled with the SEC on March 6,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 606.17 Td (2014\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 586.23 Td (Material Contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 535.17 Td (10.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 534.75 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 565.17 Td (Tax Sharing Agreement, dated as of March10, 2004, by and between Covanta Holding Corporation, Covanta) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 555.17 Td (Energy Corporation, and Covanta Power International Holdings, Inc. \(incorporated herein by reference to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 545.17 Td (Exhibit10.25 of Covanta Holding Corporations Annual Report on Form10-K for the year ended December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 535.17 Td (2003 and filed with the SEC on March15, 2004\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 474.17 Td (10.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 514.17 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 161.42 514.17 Td (No.1 ) Tj ET Q q 0 0 0 rg BT 187.64 514.17 Td (to ) Tj ET Q q 0 0 0 rg BT 199.21 514.17 Td (T) Tj ET Q q 0 0 0 rg BT 204.88 514.17 Td (ax ) Tj ET Q q 0 0 0 rg BT 217.95 514.17 Td (Sharing ) Tj ET Q q 0 0 0 rg BT 252.45 514.17 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 303.09 514.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 328.73 514.17 Td (as ) Tj ET Q q 0 0 0 rg BT 341.05 514.17 Td (of ) Tj ET Q q 0 0 0 rg BT 353.37 514.17 Td (June24, ) Tj ET Q q 0 0 0 rg BT 390.69 514.17 Td (2005, ) Tj ET Q q 0 0 0 rg BT 417.18 514.17 Td (by ) Tj ET Q q 0 0 0 rg BT 431.17 514.17 Td (and ) Tj ET Q q 0 0 0 rg BT 449.60 514.17 Td (between ) Tj ET Q q 0 0 0 rg BT 486.91 514.17 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 524.22 514.17 Td (Holding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 504.17 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 160.59 504.17 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 195.69 504.17 Td (Ener) Tj ET Q q 0 0 0 rg BT 214.48 504.17 Td (gy ) Tj ET Q q 0 0 0 rg BT 226.15 504.17 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 276.25 504.17 Td (and ) Tj ET Q q 0 0 0 rg BT 292.46 504.17 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 327.55 504.17 Td (Power ) Tj ET Q q 0 0 0 rg BT 354.87 504.17 Td (International ) Tj ET Q q 0 0 0 rg BT 407.73 504.17 Td (Holdings, ) Tj ET Q q 0 0 0 rg BT 448.67 504.17 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 468.21 504.17 Td (amending ) Tj ET Q q 0 0 0 rg BT 509.37 504.17 Td (T) Tj ET Q q 0 0 0 rg BT 515.04 504.17 Td (ax ) Tj ET Q q 0 0 0 rg BT 525.90 504.17 Td (Sharing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 494.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 154.21 494.17 Td (between ) Tj ET Q q 0 0 0 rg BT 189.30 494.17 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 224.41 494.17 Td (Holding ) Tj ET Q q 0 0 0 rg BT 258.97 494.17 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 311.57 494.17 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 346.68 494.17 Td (Ener) Tj ET Q q 0 0 0 rg BT 365.47 494.17 Td (gy ) Tj ET Q q 0 0 0 rg BT 377.16 494.17 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 427.26 494.17 Td (and ) Tj ET Q q 0 0 0 rg BT 443.48 494.17 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 478.59 494.17 Td (Power ) Tj ET Q q 0 0 0 rg BT 505.92 494.17 Td (International ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 484.17 Td (Holdings, ) Tj ET Q q 0 0 0 rg BT 149.67 484.17 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 167.43 484.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 191.59 484.17 Td (as ) Tj ET Q q 0 0 0 rg BT 202.41 484.17 Td (of ) Tj ET Q q 0 0 0 rg BT 213.24 484.17 Td (March10, ) Tj ET Q q 0 0 0 rg BT 256.84 484.17 Td (2004 ) Tj ET Q q 0 0 0 rg BT 279.34 484.17 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 335.70 484.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 363.18 484.17 Td (by ) Tj ET Q q 0 0 0 rg BT 375.68 484.17 Td (reference ) Tj ET Q q 0 0 0 rg BT 415.36 484.17 Td (to ) Tj ET Q q 0 0 0 rg BT 425.63 484.17 Td (Exhibit10.8 ) Tj ET Q q 0 0 0 rg BT 477.57 484.17 Td (of ) Tj ET Q q 0 0 0 rg BT 488.40 484.17 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 524.22 484.17 Td (Holding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 474.17 Td (Corporation) Tj ET Q q 0 0 0 rg BT 159.38 474.17 Td (s ) Tj ET Q q 0 0 0 rg BT 165.50 474.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 198.54 474.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 228.26 474.17 Td (on ) Tj ET Q q 0 0 0 rg BT 240.76 474.17 Td (Form8-K ) Tj ET Q q 0 0 0 rg BT 282.98 474.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 307.14 474.17 Td (June24, ) Tj ET Q q 0 0 0 rg BT 342.97 474.17 Td (2005 ) Tj ET Q q 0 0 0 rg BT 365.47 474.17 Td (and ) Tj ET Q q 0 0 0 rg BT 382.40 474.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 403.23 474.17 Td (with ) Tj ET Q q 0 0 0 rg BT 423.51 474.17 Td (the ) Tj ET Q q 0 0 0 rg BT 438.22 474.17 Td (SEC ) Tj ET Q q 0 0 0 rg BT 459.06 474.17 Td (on ) Tj ET Q q 0 0 0 rg BT 471.56 474.17 Td (June30, ) Tj ET Q q 0 0 0 rg BT 507.39 474.17 Td (2005\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 433.17 Td (10.3*) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 432.75 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 453.17 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 144.12 453.17 Td (Ener) Tj ET Q q 0 0 0 rg BT 162.90 453.17 Td (gy ) Tj ET Q q 0 0 0 rg BT 175.60 453.17 Td (Savings ) Tj ET Q q 0 0 0 rg BT 210.06 453.17 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 233.13 453.17 Td (as ) Tj ET Q q 0 0 0 rg BT 244.25 453.17 Td (amended ) Tj ET Q q 0 0 0 rg BT 283.14 453.17 Td (by ) Tj ET Q q 0 0 0 rg BT 295.93 453.17 Td (December ) Tj ET Q q 0 0 0 rg BT 339.80 453.17 Td (2003 ) Tj ET Q q 0 0 0 rg BT 362.59 453.17 Td (amendment ) Tj ET Q q 0 0 0 rg BT 412.03 453.17 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 468.69 453.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 496.46 453.17 Td (by ) Tj ET Q q 0 0 0 rg BT 509.25 453.17 Td (reference ) Tj ET Q q 0 0 0 rg BT 549.23 453.17 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 443.17 Td (Exhibit10.25 ) Tj ET Q q 0 0 0 rg BT 165.00 443.17 Td (of ) Tj ET Q q 0 0 0 rg BT 175.89 443.17 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 211.78 443.17 Td (Holding ) Tj ET Q q 0 0 0 rg BT 247.12 443.17 Td (Corporation) Tj ET Q q 0 0 0 rg BT 298.50 443.17 Td (s ) Tj ET Q q 0 0 0 rg BT 304.38 443.17 Td (Annual ) Tj ET Q q 0 0 0 rg BT 336.11 443.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 365.88 443.17 Td (on ) Tj ET Q q 0 0 0 rg BT 378.44 443.17 Td (Form10-K ) Tj ET Q q 0 0 0 rg BT 425.72 443.17 Td (for ) Tj ET Q q 0 0 0 rg BT 439.94 443.17 Td (the ) Tj ET Q q 0 0 0 rg BT 454.72 443.17 Td (year ) Tj ET Q q 0 0 0 rg BT 474.49 443.17 Td (ended ) Tj ET Q q 0 0 0 rg BT 500.93 443.17 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 433.17 Td (2004 ) Tj ET Q q 0 0 0 rg BT 130.50 433.17 Td (and ) Tj ET Q q 0 0 0 rg BT 147.44 433.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 168.26 433.17 Td (with ) Tj ET Q q 0 0 0 rg BT 188.54 433.17 Td (the ) Tj ET Q q 0 0 0 rg BT 203.26 433.17 Td (SECon ) Tj ET Q q 0 0 0 rg BT 236.60 433.17 Td (March16, ) Tj ET Q q 0 0 0 rg BT 280.20 433.17 Td (2005\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 362.17 Td (10.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 412.17 Td (Rehabilitation Plan Implementation Agreement, dated January11, 2006, by and between John Garamendi,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 402.17 Td (Insurance Commissioner of the State of California, in his capacity as Trustee of the Mission Insurance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 392.17 Td (Company Trust, the Mission National Insurance Company Trust and the Enterprise Insurance Company Trust,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 382.17 Td (on the one hand, and Covanta Holding Corporation, on the other hand \(incorporated herein by reference to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 372.17 Td (Exhibit10.1 of Covanta Holding Corporations Current Report on Form8-K dated March2, 2006 and filed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 362.17 Td (with the SEC on March6, 2006\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 321.17 Td (10.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 341.17 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 161.86 341.17 Td (to ) Tj ET Q q 0 0 0 rg BT 174.07 341.17 Td (Rehabilitation ) Tj ET Q q 0 0 0 rg BT 235.16 341.17 Td (Plan ) Tj ET Q q 0 0 0 rg BT 257.37 341.17 Td (Implementation ) Tj ET Q q 0 0 0 rg BT 324.13 341.17 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 375.49 341.17 Td (accepted ) Tj ET Q q 0 0 0 rg BT 414.89 341.17 Td (and ) Tj ET Q q 0 0 0 rg BT 433.76 341.17 Td (agreed ) Tj ET Q q 0 0 0 rg BT 464.83 341.17 Td (to ) Tj ET Q q 0 0 0 rg BT 477.04 341.17 Td (on ) Tj ET Q q 0 0 0 rg BT 491.47 341.17 Td (March17, ) Tj ET Q q 0 0 0 rg BT 537.00 341.17 Td (2006 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 331.17 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 164.64 331.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 192.39 331.17 Td (by ) Tj ET Q q 0 0 0 rg BT 205.17 331.17 Td (reference ) Tj ET Q q 0 0 0 rg BT 245.12 331.17 Td (to ) Tj ET Q q 0 0 0 rg BT 255.68 331.17 Td (Exhibit10.1 ) Tj ET Q q 0 0 0 rg BT 307.89 331.17 Td (of ) Tj ET Q q 0 0 0 rg BT 319.00 331.17 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 355.09 331.17 Td (Holding ) Tj ET Q q 0 0 0 rg BT 390.65 331.17 Td (Corporation) Tj ET Q q 0 0 0 rg BT 441.75 331.17 Td (s ) Tj ET Q q 0 0 0 rg BT 448.42 331.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 481.74 331.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 511.73 331.17 Td (on ) Tj ET Q q 0 0 0 rg BT 524.50 331.17 Td (Form8-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 321.17 Td (K ) Tj ET Q q 0 0 0 rg BT 117.72 321.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 141.88 321.17 Td (March17, ) Tj ET Q q 0 0 0 rg BT 185.48 321.17 Td (2006 ) Tj ET Q q 0 0 0 rg BT 207.98 321.17 Td (and ) Tj ET Q q 0 0 0 rg BT 224.91 321.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 245.74 321.17 Td (with ) Tj ET Q q 0 0 0 rg BT 266.02 321.17 Td (the ) Tj ET Q q 0 0 0 rg BT 280.73 321.17 Td (SEC ) Tj ET Q q 0 0 0 rg BT 301.57 321.17 Td (on ) Tj ET Q q 0 0 0 rg BT 314.07 321.17 Td (March20, ) Tj ET Q q 0 0 0 rg BT 357.67 321.17 Td (2006\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 250.17 Td (10.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 249.75 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 300.17 Td (Amendment to Agreement Regarding Closing \(ExhibitA to the Rehabilitation Plan Implementation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 290.17 Td (Agreement\), dated January10, 2006, by and between John Garamendi, Insurance Commissioner of the State of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 280.17 Td (California, in his capacity as Trustee of the Mission Insurance Company Trust, the Mission National Insurance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 270.17 Td (Company Trust, and the Enterprise Insurance Company Trust, on the one hand, and Covanta Holding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 260.17 Td (Corporation, on the other hand \(incorporated herein by reference to Exhibit10.2 of Covanta Holding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 250.17 Td (Corporations Current Report on Form8-K dated March2, 2006 and filed with the SEC on March6, 2006\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 199.17 Td (10.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 198.75 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 229.17 Td (Pledge and Security Agreement, dated as of March28, 2012, between each of Covanta Energy Corporation and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 219.17 Td (the other grantors party thereto, and Bank of America, N.A., as Collateral Agent \(incorporated herein by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 209.17 Td (reference to Exhibit 10.1 of Covanta Holding Corporation's Current Report on Form 8-K dated March 28, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 199.17 Td (and filed with the SEC on March 30, 2012\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 158.17 Td (10.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 157.75 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 178.17 Td (Pledge Agreement, dated as of March28, 2012, between Covanta Holding Corporation and Bank of America,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 168.17 Td (N.A., as Collateral Agent \(incorporated herein by reference to Exhibit 10.1 of Covanta Holding Corporation's) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 158.17 Td (Current Report on Form 8-K dated March 28, 2012 and filed with the SEC on March 30, 2012\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 97.17 Td (10.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 96.75 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 137.17 Td (Intercompany Subordination Agreement, dated as of March28, 2012, among Covanta Energy Corporation,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 127.17 Td (Covanta Holding Corporation, certain subsidiaries of Covanta Energy Corporation, as Guarantor Subsidiaries,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 117.17 Td (certain other subsidiaries of Covanta Energy Company, as non-guarantor subsidiaries, and Bank of America,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 107.17 Td (N.A., as Administrative Agent \(incorporated by reference to Exhibit 10.1 of Covanta Holding Corporation's) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 97.17 Td (Current Report on Form 8-K dated March 28, 2012 and filed with the SEC on March 30, 2012\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 56.17 Td (10.10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 55.75 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 76.17 Td (Form of Covanta Holding Corporation Indemnification Agreement, entered into with each Director and Officer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 66.17 Td (\(incorporated herein by reference to Exhibit10.1 of Covanta Holding Corporations Current Report on Form8-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 56.17 Td (K dated December6, 2007 and filed with the SEC on December12, 2007.) Tj ET Q endstream endobj 237 0 obj <>] /Rotate 0 /Contents 238 0 R>> endobj 238 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (18) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 748.50 46.00 -36.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 96.50 748.50 9.00 -36.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 105.50 748.50 455.00 -36.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 706.50 46.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 665.50 46.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 96.50 665.50 9.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 105.50 665.50 455.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 563.50 46.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 96.50 563.50 9.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 105.50 563.50 455.00 -45.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 512.50 46.00 -55.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 451.50 46.00 -55.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 96.50 451.50 9.00 -55.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 105.50 451.50 455.00 -55.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 390.50 46.00 -65.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 319.50 46.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 96.50 319.50 9.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 105.50 319.50 455.00 -25.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 288.50 46.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 247.50 46.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 96.50 247.50 9.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 105.50 247.50 455.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 175.50 46.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 96.50 175.50 9.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 105.50 175.50 455.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 93.50 46.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 96.50 93.50 9.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 105.50 93.50 455.00 -35.00 re f /GS0 gs BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 717.17 Td (10.11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 737.17 Td (Equity Commitment for Rights Offering between Covanta Holding Corporation and SZ Investments L.L.C.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 727.17 Td (dated February1, 2005 \(incorporated herein by reference to Exhibit10.2 of Covanta Holding Corporations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 717.17 Td (Current Report on Form8-K dated January31, 2005 and filed with the SEC on February2, 2005\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 676.17 Td (10.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 696.17 Td (Equity ) Tj ET Q q 0 0 0 rg BT 136.80 696.17 Td (Commitment ) Tj ET Q q 0 0 0 rg BT 191.72 696.17 Td (for ) Tj ET Q q 0 0 0 rg BT 205.52 696.17 Td (Rights ) Tj ET Q q 0 0 0 rg BT 233.77 696.17 Td (Of) Tj ET Q q 0 0 0 rg BT 244.23 696.17 Td (fering ) Tj ET Q q 0 0 0 rg BT 270.16 696.17 Td (between ) Tj ET Q q 0 0 0 rg BT 305.61 696.17 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 341.07 696.17 Td (Holding ) Tj ET Q q 0 0 0 rg BT 375.99 696.17 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 426.45 696.17 Td (and ) Tj ET Q q 0 0 0 rg BT 443.03 696.17 Td (EGI-Fund ) Tj ET Q q 0 0 0 rg BT 485.72 696.17 Td (\(05-07\) ) Tj ET Q q 0 0 0 rg BT 517.85 696.17 Td (Investors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 686.17 Td (L.L.C. ) Tj ET Q q 0 0 0 rg BT 136.09 686.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 159.46 686.17 Td (February1, ) Tj ET Q q 0 0 0 rg BT 207.26 686.17 Td (2005 ) Tj ET Q q 0 0 0 rg BT 228.97 686.17 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 284.54 686.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 311.23 686.17 Td (by ) Tj ET Q q 0 0 0 rg BT 322.93 686.17 Td (reference ) Tj ET Q q 0 0 0 rg BT 361.82 686.17 Td (to ) Tj ET Q q 0 0 0 rg BT 371.31 686.17 Td (Exhibit10.3 ) Tj ET Q q 0 0 0 rg BT 422.46 686.17 Td (of ) Tj ET Q q 0 0 0 rg BT 432.49 686.17 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 467.53 686.17 Td (Holding ) Tj ET Q q 0 0 0 rg BT 502.01 686.17 Td (Corporation) Tj ET Q q 0 0 0 rg BT 553.39 686.17 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 676.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 141.05 676.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 170.76 676.17 Td (on ) Tj ET Q q 0 0 0 rg BT 183.26 676.17 Td (Form8-K ) Tj ET Q q 0 0 0 rg BT 225.49 676.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 249.64 676.17 Td (January31, ) Tj ET Q q 0 0 0 rg BT 298.24 676.17 Td (2005 ) Tj ET Q q 0 0 0 rg BT 320.74 676.17 Td (and ) Tj ET Q q 0 0 0 rg BT 337.68 676.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 358.50 676.17 Td (with ) Tj ET Q q 0 0 0 rg BT 378.78 676.17 Td (the ) Tj ET Q q 0 0 0 rg BT 393.50 676.17 Td (SEC ) Tj ET Q q 0 0 0 rg BT 414.34 676.17 Td (on ) Tj ET Q q 0 0 0 rg BT 426.84 676.17 Td (February2, ) Tj ET Q q 0 0 0 rg BT 475.44 676.17 Td (2005\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 625.17 Td (10.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 655.17 Td (Equity Commitment for Rights Offering between Covanta Holding Corporation and Third Avenue Trust, on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 645.17 Td (behalf of The Third Avenue Value FundSeries dated February1, 2005 \(incorporated herein by reference to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 635.17 Td (Exhibit10.4 of Covanta Holding Corporations Current Report on Form8-K dated January31, 2005 and filed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 625.17 Td (with the SEC on February2, 2005\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 574.17 Td (10.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 604.17 Td (Loan Agreement, dated as of November 1, 2012, by and between Covanta Holding Corporation and the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 594.17 Td (Massachusetts Development Finance Agency \(incorporated by reference to Exhibit 10.1 of Covanta Holding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 584.17 Td (Corporation's Current Report on Form 8-K dated November 15, 2012 and filed with the SEC on November 19,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 574.17 Td (2012\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 523.17 Td (10.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 553.17 Td (Loan Agreement, dated as of November 1, 2012, by and between Covanta Holding Corporation and the Niagara) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 543.17 Td (Area Development Corporation Agency \(incorporated herein by reference to Exhibit 10.1 of Covanta Holding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 533.17 Td (Corporation's Current Report on Form 8-K dated November 15, 2012 and filed with the SEC on November 19,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 523.17 Td (2012\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 462.17 Td (10.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 502.17 Td (Guaranty Agreement, dated as of November 1, 2012, by and between Covanta Energy Corporation and Wells) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 492.17 Td (Fargo Bank, National Association, pursuant to the Loan Agreement, dated as of November 1, 2012, by and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 482.17 Td (between Covanta Holding Corporation and the Massachusetts Development Finance Agency \(incorporated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 472.17 Td (herein by reference to Exhibit 10.3 of Covanta Holding Corporation's Current Report on Form 8-K dated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 462.17 Td (November 15, 2012 and filed with the SEC on November 19, 2012\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 401.17 Td (10.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 441.17 Td (Guaranty Agreement, dated as of November 1, 2012, by and between Covanta Energy Corporation and Wells) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 431.17 Td (Fargo Bank, National Association, pursuant to the Loan Agreement, dated as of November 1, 2012, by and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 421.17 Td (between Covanta Holding Corporation and the Niagara Area Development Corporation Agency \(incorporated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 411.17 Td (herein by reference to Exhibit 10.4 of Covanta Holding Corporation's Current Report on Form 8-K dated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 401.17 Td (November 15, 2012 and filed with the SEC on November 19, 2012\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 330.17 Td (10.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 380.17 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 156.40 380.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 179.53 380.17 Td (as ) Tj ET Q q 0 0 0 rg BT 189.33 380.17 Td (of ) Tj ET Q q 0 0 0 rg BT 199.09 380.17 Td (August ) Tj ET Q q 0 0 0 rg BT 229.18 380.17 Td (22, ) Tj ET Q q 0 0 0 rg BT 243.15 380.17 Td (2013, ) Tj ET Q q 0 0 0 rg BT 267.13 380.17 Td (by ) Tj ET Q q 0 0 0 rg BT 278.60 380.17 Td (and ) Tj ET Q q 0 0 0 rg BT 294.52 380.17 Td (among ) Tj ET Q q 0 0 0 rg BT 323.21 380.17 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 358.01 380.17 Td (Holding ) Tj ET Q q 0 0 0 rg BT 392.26 380.17 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 442.06 380.17 Td (and ) Tj ET Q q 0 0 0 rg BT 457.97 380.17 Td (John ) Tj ET Q q 0 0 0 rg BT 478.34 380.17 Td (M. ) Tj ET Q q 0 0 0 rg BT 491.20 380.17 Td (Huf) Tj ET Q q 0 0 0 rg BT 506.67 380.17 Td (f, ) Tj ET Q q 0 0 0 rg BT 513.88 380.17 Td (as ) Tj ET Q q 0 0 0 rg BT 523.69 380.17 Td (Director ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 370.17 Td (of ) Tj ET Q q 0 0 0 rg BT 117.90 370.17 Td (the ) Tj ET Q q 0 0 0 rg BT 131.69 370.17 Td (Missouri ) Tj ET Q q 0 0 0 rg BT 168.83 370.17 Td (Department ) Tj ET Q q 0 0 0 rg BT 217.61 370.17 Td (of ) Tj ET Q q 0 0 0 rg BT 227.51 370.17 Td (Insurance, ) Tj ET Q q 0 0 0 rg BT 270.45 370.17 Td (Financial ) Tj ET Q q 0 0 0 rg BT 309.24 370.17 Td (Institutions ) Tj ET Q q 0 0 0 rg BT 355.81 370.17 Td (and ) Tj ET Q q 0 0 0 rg BT 371.83 370.17 Td (Professional ) Tj ET Q q 0 0 0 rg BT 422.84 370.17 Td (Registration ) Tj ET Q q 0 0 0 rg BT 473.29 370.17 Td (\(the ) Tj ET Q q 0 0 0 rg BT 490.42 370.17 Td ("T) Tj ET Q q 0 0 0 rg BT 500.43 370.17 Td (rustee"\) ) Tj ET Q q 0 0 0 rg BT 533.12 370.17 Td (solely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 360.17 Td (in ) Tj ET Q q 0 0 0 rg BT 118.68 360.17 Td (his ) Tj ET Q q 0 0 0 rg BT 133.24 360.17 Td (capacity ) Tj ET Q q 0 0 0 rg BT 169.45 360.17 Td (as ) Tj ET Q q 0 0 0 rg BT 180.68 360.17 Td (trustee ) Tj ET Q q 0 0 0 rg BT 210.23 360.17 Td (and ) Tj ET Q q 0 0 0 rg BT 227.57 360.17 Td (statutory ) Tj ET Q q 0 0 0 rg BT 265.46 360.17 Td (receiver ) Tj ET Q q 0 0 0 rg BT 300.55 360.17 Td (of ) Tj ET Q q 0 0 0 rg BT 311.78 360.17 Td (the ) Tj ET Q q 0 0 0 rg BT 326.90 360.17 Td (Mission ) Tj ET Q q 0 0 0 rg BT 362.03 360.17 Td (Reinsurance ) Tj ET Q q 0 0 0 rg BT 414.35 360.17 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 465.45 360.17 Td (T) Tj ET Q q 0 0 0 rg BT 471.29 360.17 Td (rust ) Tj ET Q q 0 0 0 rg BT 489.02 360.17 Td (and ) Tj ET Q q 0 0 0 rg BT 506.35 360.17 Td (the ) Tj ET Q q 0 0 0 rg BT 521.47 360.17 Td (Holland-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 350.17 Td (America ) Tj ET Q q 0 0 0 rg BT 147.13 350.17 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 190.71 350.17 Td (Company ) Tj ET Q q 0 0 0 rg BT 234.06 350.17 Td (T) Tj ET Q q 0 0 0 rg BT 239.90 350.17 Td (rust ) Tj ET Q q 0 0 0 rg BT 259.43 350.17 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 318.00 350.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 347.70 350.17 Td (by ) Tj ET Q q 0 0 0 rg BT 362.41 350.17 Td (reference ) Tj ET Q q 0 0 0 rg BT 404.30 350.17 Td (to ) Tj ET Q q 0 0 0 rg BT 416.79 350.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 450.94 350.17 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 473.15 350.17 Td (of ) Tj ET Q q 0 0 0 rg BT 486.19 350.17 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 524.22 350.17 Td (Holding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 340.17 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 165.26 340.17 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 206.81 340.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 237.27 340.17 Td (on ) Tj ET Q q 0 0 0 rg BT 250.51 340.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 275.41 340.17 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 299.21 340.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 324.10 340.17 Td (October ) Tj ET Q q 0 0 0 rg BT 359.54 340.17 Td (24, ) Tj ET Q q 0 0 0 rg BT 375.28 340.17 Td (2013 ) Tj ET Q q 0 0 0 rg BT 398.52 340.17 Td (and ) Tj ET Q q 0 0 0 rg BT 416.20 340.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 437.76 340.17 Td (with ) Tj ET Q q 0 0 0 rg BT 458.78 340.17 Td (the ) Tj ET Q q 0 0 0 rg BT 474.24 340.17 Td (SEC ) Tj ET Q q 0 0 0 rg BT 495.81 340.17 Td (on ) Tj ET Q q 0 0 0 rg BT 509.05 340.17 Td (October ) Tj ET Q q 0 0 0 rg BT 544.50 340.17 Td (24, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 330.17 Td (2013\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 299.17 Td (10.19*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 309.17 Td (Covanta Holding Corporation 2014 Equity Award Plan \(incorporated herein by reference to Exhibit 4.1 of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 299.17 Td (Covanta Holding Corporations Registration Statement on Form S-8 filed with the SEC on May 8, 2014\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 258.17 Td (10.20*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 278.17 Td (Form of Covanta Holding Corporation Stock Option Agreement for Employees and Officers \(incorporated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 268.17 Td (herein by reference to Exhibit4.3 of Covanta Holding Corporations Registration Statement on FormS-8 filed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 258.17 Td (with the SEC on May7, 2008\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 227.17 Td (10.21*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 237.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 132.13 237.17 Td (of ) Tj ET Q q 0 0 0 rg BT 142.92 237.17 Td (Growth ) Tj ET Q q 0 0 0 rg BT 175.94 237.17 Td (Equity ) Tj ET Q q 0 0 0 rg BT 204.52 237.17 Td (A) Tj ET Q q 0 0 0 rg BT 210.83 237.17 Td (ward ) Tj ET Q q 0 0 0 rg BT 232.74 237.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 279.62 237.17 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 335.95 237.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 363.39 237.17 Td (by ) Tj ET Q q 0 0 0 rg BT 375.86 237.17 Td (reference ) Tj ET Q q 0 0 0 rg BT 415.50 237.17 Td (to ) Tj ET Q q 0 0 0 rg BT 425.74 237.17 Td (Exhibit10.1 ) Tj ET Q q 0 0 0 rg BT 477.65 237.17 Td (of ) Tj ET Q q 0 0 0 rg BT 488.44 237.17 Td (Covanta ) Tj ET Q q 0 0 0 rg BT 524.23 237.17 Td (Holding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 227.17 Td (Corporation) Tj ET Q q 0 0 0 rg BT 159.10 227.17 Td (s ) Tj ET Q q 0 0 0 rg BT 165.50 227.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 198.54 227.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 228.26 227.17 Td (on ) Tj ET Q q 0 0 0 rg BT 240.76 227.17 Td (Form8-K ) Tj ET Q q 0 0 0 rg BT 282.98 227.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 307.14 227.17 Td (February24, ) Tj ET Q q 0 0 0 rg BT 360.73 227.17 Td (2010 ) Tj ET Q q 0 0 0 rg BT 383.23 227.17 Td (and ) Tj ET Q q 0 0 0 rg BT 400.17 227.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 421.00 227.17 Td (with ) Tj ET Q q 0 0 0 rg BT 441.28 227.17 Td (the ) Tj ET Q q 0 0 0 rg BT 455.99 227.17 Td (SEC ) Tj ET Q q 0 0 0 rg BT 476.83 227.17 Td (on ) Tj ET Q q 0 0 0 rg BT 489.33 227.17 Td (March2, ) Tj ET Q q 0 0 0 rg BT 527.93 227.17 Td (2010\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 186.17 Td (10.22*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 206.17 Td (Covanta Energy Corporation Senior Officers Severance Plan \(incorporated herein by reference to Exhibit10.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 196.17 Td (of Covanta Holding Corporations Current Report on Form8-K dated February24, 2010 and filed with the SEC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 186.17 Td (on March2, 2010\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 145.17 Td (10.25*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 165.17 Td (Form of Covanta Holding Corporation Restricted Stock Award Agreement for Directors \(incorporated herein by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 155.17 Td (reference to Exhibit 10.3 of Covanta Holding Corporation's Quarterly Report on Form 10-QA dated August 11,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 145.17 Td (2014 and filed with the SEC on August 11, 2014\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 104.17 Td (10.26*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 124.17 Td (Form of Covanta Holding Corporation TSR Award Agreement for Employees and Officers \(incorporated herein) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 114.17 Td (by reference to Exhibit 10.4 of Covanta Holding Corporation's Quarterly Report on Form 10-QA dated August) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 104.17 Td (11, 2014 and filed with the SEC on August 11, 2014\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 63.17 Td (10.27*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 83.17 Td (Form of Covanta Holding Corporation Stock Option Award Agreement for Directors \(incorporated herein by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 73.17 Td (reference to Exhibit 10.5 of Covanta Holding Corporation's Quarterly Report on Form 10-QA dated August 11,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 63.17 Td (2014 and filed with the SEC on August 11, 2014\).) 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Jones dated January 5, 2015\(incorporated herein) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 575.17 Td (by reference to Exhibit 10.1 of Covanta Holding Corporations Current Report on Form 8-K dated January 5,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 565.17 Td (2015 and filed with the SEC on January 5, 2015\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 524.17 Td (10.32*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 544.17 Td (Offer Letter from Covanta Holding Corporation to Michael J. de Castro dated May 12, 2015\(incorporated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 534.17 Td (herein by reference to Exhibit 10.1 of Covanta Holding Corporations Current Report on Form 8-K dated June) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 524.17 Td (2, 2015 and filed with the SEC on June 2, 2015\).) 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