2017 Q2 Form 10-Q Financial Statement

#000161154717000059 Filed on August 02, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $89.50M $79.46M
YoY Change 12.64% 0.94%
Cost Of Revenue $28.20M $25.00M
YoY Change 12.8% -4.21%
Gross Profit $61.30M $54.40M
YoY Change 12.68% 3.42%
Gross Profit Margin 68.49% 68.46%
Selling, General & Admin $8.600M $8.000M
YoY Change 7.5% 11.11%
% of Gross Profit 14.03% 14.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.20M $13.80M
YoY Change 68.12% -9.21%
% of Gross Profit 37.85% 25.37%
Operating Expenses $60.99M $46.67M
YoY Change 30.68% -2.59%
Operating Profit $28.52M $32.79M
YoY Change -13.04% 6.44%
Interest Expense -$13.30M -$12.60M
YoY Change 5.56% -4.55%
% of Operating Profit -46.64% -38.43%
Other Income/Expense, Net
YoY Change
Pretax Income $15.22M $35.77M
YoY Change -57.43% 103.01%
Income Tax $304.0K -$306.0K
% Of Pretax Income 2.0% -0.86%
Net Earnings $13.58M $33.87M
YoY Change -59.89% 109.55%
Net Earnings / Revenue 15.18% 42.62%
Basic Earnings Per Share $0.13 $0.34
Diluted Earnings Per Share $0.13 $0.34
COMMON SHARES
Basic Shares Outstanding 104.1M shares 99.27M shares
Diluted Shares Outstanding 104.3M shares 99.67M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $248.4M $156.7M
YoY Change 58.52% -18.98%
Cash & Equivalents $248.4M $156.7M
Short-Term Investments
Other Short-Term Assets $6.900M $6.000M
YoY Change 15.0% 15.38%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $341.0M $250.6M
YoY Change 36.07% -12.87%
LONG-TERM ASSETS
Property, Plant & Equipment $2.074B $1.576B
YoY Change 31.61% 1.63%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $37.90M $29.50M
YoY Change 28.47% -26.8%
Total Long-Term Assets $2.223B $1.649B
YoY Change 34.81% 0.42%
TOTAL ASSETS
Total Short-Term Assets $341.0M $250.6M
Total Long-Term Assets $2.223B $1.649B
Total Assets $2.564B $1.899B
YoY Change 34.98% -1.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $63.40M $39.90M
YoY Change 58.9% 24.69%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $63.40M $39.90M
YoY Change 58.9% 24.69%
LONG-TERM LIABILITIES
Long-Term Debt $1.412B $1.205B
YoY Change 17.18% -3.58%
Other Long-Term Liabilities $200.0M $162.3M
YoY Change 23.23% -3.62%
Total Long-Term Liabilities $1.612B $1.368B
YoY Change 17.9% -3.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $63.40M $39.90M
Total Long-Term Liabilities $1.612B $1.368B
Total Liabilities $1.680B $1.411B
YoY Change 19.03% -2.71%
SHAREHOLDERS EQUITY
Retained Earnings -$10.48M -$25.62M
YoY Change -59.09% -22.13%
Common Stock $1.075M $994.0K
YoY Change 8.15% 0.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $674.5M $453.1M
YoY Change
Total Liabilities & Shareholders Equity $2.564B $1.899B
YoY Change 34.98% -1.56%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $13.58M $33.87M
YoY Change -59.89% 109.55%
Depreciation, Depletion And Amortization $23.20M $13.80M
YoY Change 68.12% -9.21%
Cash From Operating Activities $46.10M $34.30M
YoY Change 34.4% 7.52%
INVESTING ACTIVITIES
Capital Expenditures -$199.7M -$12.70M
YoY Change 1472.44% -13.61%
Acquisitions
YoY Change
Other Investing Activities $4.800M $19.90M
YoY Change -75.88% 804.55%
Cash From Investing Activities -$194.9M $7.200M
YoY Change -2806.94% -157.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 288.8M -46.30M
YoY Change -723.76% 85.2%
NET CHANGE
Cash From Operating Activities 46.10M 34.30M
Cash From Investing Activities -194.9M 7.200M
Cash From Financing Activities 288.8M -46.30M
Net Change In Cash 140.0M -4.800M
YoY Change -3016.67% -14.29%
FREE CASH FLOW
Cash From Operating Activities $46.10M $34.30M
Capital Expenditures -$199.7M -$12.70M
Free Cash Flow $245.8M $47.00M
YoY Change 422.98% 0.86%

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us-gaap Lease And Rental Expense
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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CY2016Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
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CY2017Q2 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
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CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
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CY2017Q2 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
1326000 USD
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
5464000 USD
CY2016Q4 us-gaap Nonredeemable Noncontrolling Interest
NonredeemableNoncontrollingInterest
360000 USD
CY2017Q2 us-gaap Nonredeemable Noncontrolling Interest
NonredeemableNoncontrollingInterest
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us-gaap Number Of Reportable Segments
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us-gaap Operating Expenses
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us-gaap Operating Expenses
OperatingExpenses
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us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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us-gaap Operating Leases Income Statement Lease Revenue
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OperatingLeasesIncomeStatementLeaseRevenue
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us-gaap Operating Leases Income Statement Lease Revenue
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CY2016Q4 us-gaap Other Assets
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CY2017Q2 us-gaap Other Assets
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CY2016Q4 us-gaap Other Liabilities
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16627000 USD
CY2017Q2 us-gaap Other Ownership Interests Units Issued
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369000 USD
us-gaap Other Sales Revenue Net
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us-gaap Other Sales Revenue Net
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CY2016Q4 us-gaap Other Sundry Liabilities
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0 USD
CY2017Q2 us-gaap Other Sundry Liabilities
OtherSundryLiabilities
401000 USD
us-gaap Partners Capital Account Sale Of Units
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171084000 USD
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
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2474000 USD
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
3940000 USD
us-gaap Payments Of Debt Issuance Costs
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0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3567000 USD
us-gaap Payments Of Dividends Common Stock
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us-gaap Payments Of Dividends Common Stock
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments To Acquire And Develop Real Estate
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0 USD
us-gaap Payments To Acquire And Develop Real Estate
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211393000 USD
us-gaap Payments To Acquire Commercial Real Estate
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27545000 USD
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
35994000 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets
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17442000 USD
CY2017Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
9245000 USD
CY2016Q4 us-gaap Prepaid Insurance
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2545000 USD
CY2017Q2 us-gaap Prepaid Insurance
PrepaidInsurance
1622000 USD
CY2016Q4 us-gaap Prepaid Taxes
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5198000 USD
CY2017Q2 us-gaap Prepaid Taxes
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3822000 USD
us-gaap Proceeds From Issuance Of Common Stock
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326000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
193516000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
225500000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
19938000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4790000 USD
CY2016Q2 us-gaap Profit Loss
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36071000 USD
us-gaap Profit Loss
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55859000 USD
CY2017Q2 us-gaap Profit Loss
ProfitLoss
14920000 USD
us-gaap Profit Loss
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69655000 USD
CY2016Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
494000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
845000 USD
CY2017Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
906000 USD
us-gaap Provision For Doubtful Accounts
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1099000 USD
CY2016Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
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541077000 USD
CY2017Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
568980000 USD
CY2016Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2138500000 USD
CY2017Q2 us-gaap Real Estate Investment Property At Cost
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2643084000 USD
CY2017Q2 us-gaap Subsidiary Of Limited Liability Company Or Limited Partnership Ownership Interest
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us-gaap Subsidiary Of Limited Liability Company Or Limited Partnership Ownership Interest
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14711000 USD
us-gaap Real Estate Tax Expense
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us-gaap Repayments Of Long Term Debt
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CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2016Q2 us-gaap Revenues
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us-gaap Revenues
Revenues
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Revenues
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us-gaap Revenues
Revenues
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CY2016Q2 us-gaap Sales Of Real Estate
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15618000 USD
us-gaap Sales Of Real Estate
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15618000 USD
CY2017Q2 us-gaap Sales Of Real Estate
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0 USD
us-gaap Sales Of Real Estate
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us-gaap Share Based Compensation
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2721000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3359000 USD
us-gaap Stock Issued1
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us-gaap Stock Issued1
StockIssued1
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us-gaap Stock Issued During Period Value New Issues
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CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Straight Line Rent
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us-gaap Straight Line Rent
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CY2016Q2 us-gaap Tenant Reimbursements
TenantReimbursements
19879000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
42386000 USD
CY2017Q2 us-gaap Tenant Reimbursements
TenantReimbursements
23881000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
47652000 USD
us-gaap Transfer Mortgage Payable
TransferMortgagePayable
0 USD
us-gaap Transfer Mortgage Payable
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69659000 USD
CY2016Q2 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
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us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
0 USD
CY2017Q2 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
0 USD
us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
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CY2016Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
43000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
61000 USD
CY2017Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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39000 USD
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
99270000 shares
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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107000 USD
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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101863000 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates </font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"> </font><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. </font></div></div>

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report.css Edgar Link pending
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ue-20170630.xml Edgar Link completed
ue-20170630.xsd Edgar Link pending
ue-20170630_cal.xml Edgar Link unprocessable
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ue-6302017x10q.htm Edgar Link pending