2011 Q4 Form 10-K Financial Statement

#000119312512043484 Filed on February 07, 2012

View on sec.gov

Income Statement

Concept 2011 Q4 2010 Q4 2009
Revenue $1.344B $1.290B $4.106B
YoY Change 4.19% 6.66% -6.71%
Cost Of Revenue $719.8M $642.9M $2.132B
YoY Change 11.96% 8.8% -5.69%
Gross Profit $624.1M $647.0M $1.973B
YoY Change -3.53% 4.61% -7.78%
Gross Profit Margin 46.44% 50.16% 48.06%
Selling, General & Admin $532.5M $524.8M $1.595B
YoY Change 1.46% 4.83% -1.2%
% of Gross Profit 85.32% 81.11% 80.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.40M $26.90M $84.60M
YoY Change 13.01% 2.67% 8.47%
% of Gross Profit 4.87% 4.16% 4.29%
Operating Expenses $532.5M $528.4M $1.595B
YoY Change 0.77% 5.55% -1.21%
Operating Profit $91.64M $118.6M $378.1M
YoY Change -22.73% 0.59% -27.98%
Interest Expense $33.45M -$34.70M $148.7M
YoY Change -196.41% -32.09% -196.51%
% of Operating Profit 36.5% -29.26% 39.33%
Other Income/Expense, Net $11.47M $1.500M -$39.45M
YoY Change 664.6% 200.0% 13048.33%
Pretax Income $69.41M $85.40M $189.9M
YoY Change -18.72% 27.46% -48.57%
Income Tax $25.28M -$7.100M $39.21M
% Of Pretax Income 36.42% -8.31% 20.65%
Net Earnings $44.11M $86.40M $151.9M
YoY Change -48.94% 28.57% -33.77%
Net Earnings / Revenue 3.28% 6.7% 3.7%
Basic Earnings Per Share
Diluted Earnings Per Share $1.181K $2.323M $4.072M
COMMON SHARES
Basic Shares Outstanding 37.35M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2011 Q4 2010 Q4 2009
SHORT-TERM ASSETS
Cash & Short-Term Investments $204.5M $269.7M $270.8M
YoY Change -24.18% -0.41% 28.46%
Cash & Equivalents $204.5M $269.7M $270.8M
Short-Term Investments
Other Short-Term Assets $272.4M $248.1M $231.5M
YoY Change 9.79% 7.17% 12.76%
Inventory $611.4M $579.9M $451.3M
Prepaid Expenses
Receivables $654.9M $553.4M $552.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.743B $1.651B $1.506B
YoY Change 5.58% 9.64% 0.04%
LONG-TERM ASSETS
Property, Plant & Equipment $502.4M $488.6M $430.1M
YoY Change 2.82% 13.6% 4.42%
Goodwill $241.0M $241.5M
YoY Change -0.21%
Intangibles $71.82M $84.65M
YoY Change -15.16%
Long-Term Investments
YoY Change
Other Assets $108.0M $110.3M $708.5M
YoY Change -2.12% -84.43% 15.71%
Total Long-Term Assets $1.536B $1.484B $1.484B
YoY Change 3.52% 0.04% 16.66%
TOTAL ASSETS
Total Short-Term Assets $1.743B $1.651B $1.506B
Total Long-Term Assets $1.536B $1.484B $1.484B
Total Assets $3.280B $3.135B $2.989B
YoY Change 4.6% 4.88% 7.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $204.9M $212.9M $198.2M
YoY Change -3.77% 7.43% -2.46%
Accrued Expenses $501.5M $481.3M $493.8M
YoY Change 4.2% -2.81% 3.91%
Deferred Revenue
YoY Change
Short-Term Debt $154.7M $46.42M $18.70M
YoY Change 233.38% 148.22% -7.88%
Long-Term Debt Due $1.700M $1.800M $1.900M
YoY Change -5.56% -5.26% -97.38%
Total Short-Term Liabilities $872.3M $759.5M $727.0M
YoY Change 14.84% 4.47% -8.16%
LONG-TERM LIABILITIES
Long-Term Debt $1.818B $1.817B $1.840B
YoY Change 0.05% -1.25% 4.04%
Other Long-Term Liabilities $51.46M $54.28M $736.2M
YoY Change -5.2% -92.63% 34.34%
Total Long-Term Liabilities $1.869B $1.871B $2.576B
YoY Change -0.1% -27.36% 11.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $872.3M $759.5M $727.0M
Total Long-Term Liabilities $1.869B $1.871B $2.576B
Total Liabilities $3.429B $3.335B $3.321B
YoY Change 2.83% 0.44% 6.23%
SHAREHOLDERS EQUITY
Retained Earnings $150.8M $33.35M
YoY Change 352.14%
Common Stock $29.64M $19.21M
YoY Change 54.27%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$165.6M -$219.6M -$331.2M
YoY Change
Total Liabilities & Shareholders Equity $3.280B $3.135B $2.989B
YoY Change 4.6% 4.88% 7.65%

Cashflow Statement

Concept 2011 Q4 2010 Q4 2009
OPERATING ACTIVITIES
Net Income $44.11M $86.40M $151.9M
YoY Change -48.94% 28.57% -33.77%
Depreciation, Depletion And Amortization $30.40M $26.90M $84.60M
YoY Change 13.01% 2.67% 8.47%
Cash From Operating Activities -$15.50M $50.50M $388.8M
YoY Change -130.69% -76.5% 72.95%
INVESTING ACTIVITIES
Capital Expenditures -$24.60M -$46.70M $82.94M
YoY Change -47.32% 26.56% -203.16%
Acquisitions $100.3M
YoY Change
Other Investing Activities -$1.800M -$7.700M $0.00
YoY Change -76.62% -80.89% -100.0%
Cash From Investing Activities -$26.40M -$54.50M -$233.0M
YoY Change -51.56% -29.4% 769.51%
FINANCING ACTIVITIES
Cash Dividend Paid $20.00M
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 25.40M 7.000M -$97.16M
YoY Change 262.86% -123.57% -28.3%
NET CHANGE
Cash From Operating Activities -15.50M 50.50M $388.8M
Cash From Investing Activities -26.40M -54.50M -$233.0M
Cash From Financing Activities 25.40M 7.000M -$97.16M
Net Change In Cash -16.50M 3.000M $58.60M
YoY Change -650.0% -97.22% -6.24%
FREE CASH FLOW
Cash From Operating Activities -$15.50M $50.50M $388.8M
Capital Expenditures -$24.60M -$46.70M $82.94M
Free Cash Flow $9.100M $97.20M $305.8M
YoY Change -90.64% -61.4% 0.21%

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RealizedLossOnSettlementOfForwardForeignExchangeContractsNotDesignatedForHedgeAccounting
-9548000 USD
CY2010 lvis Realized Loss On Settlement Of Forward Foreign Exchange Contracts Not Designated For Hedge Accounting
RealizedLossOnSettlementOfForwardForeignExchangeContractsNotDesignatedForHedgeAccounting
-16342000 USD
CY2009 lvis Realized Loss On Settlement Of Forward Foreign Exchange Contracts Not Designated For Hedge Accounting
RealizedLossOnSettlementOfForwardForeignExchangeContractsNotDesignatedForHedgeAccounting
-50760000 USD
CY2011 lvis Employee Benefit Plans Amortization From Accumulated Other Comprehensive Loss
EmployeeBenefitPlansAmortizationFromAccumulatedOtherComprehensiveLoss
8627000 USD
CY2010 lvis Employee Benefit Plans Amortization From Accumulated Other Comprehensive Loss
EmployeeBenefitPlansAmortizationFromAccumulatedOtherComprehensiveLoss
-3580000 USD
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EmployeeBenefitPlansAmortizationFromAccumulatedOtherComprehensiveLoss
19730000 USD
CY2011 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
-129000 USD
CY2010 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
-106000 USD
CY2009 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
-1643000 USD
CY2011 lvis Noncash Gain Loss On Extinguishment Of Debt
NoncashGainLossOnExtinguishmentOfDebt
-226000 USD
CY2010 lvis Noncash Gain Loss On Extinguishment Of Debt
NoncashGainLossOnExtinguishmentOfDebt
13647000 USD
CY2009 lvis Noncash Gain Loss On Extinguishment Of Debt
NoncashGainLossOnExtinguishmentOfDebt
0 USD
CY2011 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4345000 USD
CY2010 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4332000 USD
CY2009 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4344000 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
8439000 USD
CY2010 us-gaap Share Based Compensation
ShareBasedCompensation
6438000 USD
CY2009 us-gaap Share Based Compensation
ShareBasedCompensation
7822000 USD
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ProvisionForDoubtfulAccounts
4634000 USD
CY2010 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7536000 USD
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ProvisionForDoubtfulAccounts
7246000 USD
CY2011 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
116003000 USD
CY2010 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
30259000 USD
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IncreaseDecreaseInAccountsReceivable
-27568000 USD
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IncreaseDecreaseInInventories
6848000 USD
CY2010 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
148533000 USD
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IncreaseDecreaseInInventories
-113014000 USD
CY2011 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
39231000 USD
CY2010 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
20131000 USD
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IncreaseDecreaseInOtherCurrentAssets
-5626000 USD
CY2011 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-4780000 USD
CY2010 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
7160000 USD
CY2009 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
11757000 USD
CY2010 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
39886000 USD
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-55300000 USD
CY2009 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-58185000 USD
CY2011 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-15242000 USD
CY2010 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
6330000 USD
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IncreaseDecreaseInAccruedIncomeTaxesPayable
-3377000 USD
CY2011 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-55846000 USD
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IncreaseDecreaseInOtherNoncurrentLiabilities
-2358000 USD
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OtherOperatingActivitiesCashFlowStatement
301000 USD
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NetCashProvidedByUsedInOperatingActivities
1848000 USD
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PaymentsToAcquirePropertyPlantAndEquipment
130580000 USD
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ProceedsFromSaleOfPropertyPlantAndEquipment
171000 USD
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PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
9548000 USD
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PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
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1000000 USD
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-140957000 USD
CY2011 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
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RepaymentsOfLongTermDebtAndCapitalSecurities
1848000 USD
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ProceedsFromLongTermLinesOfCredit
305000000 USD
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ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
-3803000 USD
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PaymentsForRepurchaseOfCommonStock
489000 USD
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PaymentsOfDividends
20023000 USD
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
77707000 USD
CY2011 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-3782000 USD
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-65184000 USD
CY2009Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
270804000 USD
CY2011 us-gaap Interest Paid
InterestPaid
129079000 USD
CY2011 us-gaap Income Taxes Paid
IncomeTaxesPaid
56229000 USD
CY2010 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-12128000 USD
CY2010 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
19120000 USD
CY2010 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
52000 USD
CY2010 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
146274000 USD
CY2010 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
154632000 USD
CY2010 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1549000 USD
CY2010 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
16342000 USD
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PaymentsToAcquireBusinessesNetOfCashAcquired
12242000 USD
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PaymentsForProceedsFromOtherInvestingActivities
114000 USD
CY2010 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-181781000 USD
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ProceedsFromIssuanceOfLongTermDebt
909390000 USD
CY2010 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
866051000 USD
CY2010 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
0 USD
CY2010 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
17546000 USD
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ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
-700000 USD
CY2010 us-gaap Payments For Repurchase Of Common Stock
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78000 USD
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20013000 USD
CY2010 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
32313000 USD
CY2010 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
2116000 USD
CY2010 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1078000 USD
CY2009 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
6789000 USD
CY2009 us-gaap Increase Decrease In Other Noncurrent Liabilities
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-4452000 USD
CY2009 us-gaap Other Operating Activities Cash Flow Statement
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-11000 USD
CY2009 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
388783000 USD
CY2009 us-gaap Payments To Acquire Property Plant And Equipment
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82938000 USD
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ProceedsFromSaleOfPropertyPlantAndEquipment
939000 USD
CY2009 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
50760000 USD
CY2009 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
100270000 USD
CY2009 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
CY2009 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-233029000 USD
CY2009 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2009 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
72870000 USD
CY2009 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
0 USD
CY2009 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
-602000 USD
CY2009 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-97155000 USD
CY2009 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
59992000 USD
CY2008Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
210812000 USD
CY2010 us-gaap Interest Paid
InterestPaid
147237000 USD
CY2010 us-gaap Income Taxes Paid
IncomeTaxesPaid
52912000 USD
CY2009 us-gaap Interest Paid
InterestPaid
135576000 USD
CY2009 us-gaap Income Taxes Paid
IncomeTaxesPaid
56922000 USD
CY2011 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
16153000 USD
CY2010 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
31113000 USD
CY2009 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-5128000 USD
CY2009 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
978000 USD
CY2010 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
0 USD
CY2011 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
0 USD
CY2011 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
213250000 USD
CY2010 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0 USD
CY2011 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7307000 USD
CY2011 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
19427000 USD
CY2009 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-2704000 USD
CY2009 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0 USD
CY2009 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2009 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2009 us-gaap Payments Of Dividends
PaymentsOfDividends
20001000 USD
CY2009 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1393000 USD
CY2010 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
27311000 USD

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