image
imagewidth (px) 1.03k
1.03k
| bboxes
sequencelengths 4
822
| labels
sequencelengths 4
822
| words
sequencelengths 4
822
| split
stringclasses 3
values |
|---|---|---|---|---|
[
[
127,
92,
911,
102
],
[
107,
110,
745,
120
],
[
697,
132,
770,
140
],
[
122,
151,
182,
160
],
[
822,
151,
843,
159
],
[
624,
151,
654,
160
],
[
767,
170,
803,
178
],
[
851,
170,
897,
178
],
[
570,
170,
617,
178
],
[
650,
170,
710,
178
],
[
769,
183,
803,
191
],
[
853,
183,
897,
191
],
[
572,
183,
617,
191
],
[
653,
183,
710,
191
],
[
122,
197,
281,
207
],
[
142,
213,
524,
223
],
[
748,
214,
754,
222
],
[
768,
214,
803,
222
],
[
841,
214,
846,
222
],
[
861,
214,
896,
222
],
[
542,
214,
549,
223
],
[
568,
214,
617,
223
],
[
635,
214,
642,
223
],
[
661,
214,
710,
223
],
[
142,
230,
384,
240
],
[
394,
230,
524,
240
],
[
384,
230,
393,
236
],
[
778,
231,
803,
239
],
[
872,
231,
896,
239
],
[
577,
231,
623,
239
],
[
670,
231,
716,
239
],
[
142,
246,
181,
256
],
[
161,
263,
524,
273
],
[
759,
263,
803,
272
],
[
852,
263,
896,
272
],
[
556,
263,
617,
272
],
[
649,
263,
710,
272
],
[
161,
279,
524,
289
],
[
759,
280,
803,
288
],
[
852,
280,
896,
288
],
[
556,
280,
617,
288
],
[
649,
280,
710,
288
],
[
161,
296,
524,
306
],
[
768,
296,
803,
305
],
[
861,
296,
896,
305
],
[
568,
296,
617,
305
],
[
661,
296,
710,
305
],
[
161,
312,
305,
322
],
[
312,
312,
524,
322
],
[
768,
313,
803,
321
],
[
861,
313,
896,
321
],
[
568,
313,
617,
321
],
[
661,
313,
710,
321
],
[
161,
328,
524,
338
],
[
759,
329,
803,
337
],
[
852,
329,
896,
337
],
[
556,
329,
617,
338
],
[
649,
329,
710,
338
],
[
161,
345,
303,
355
],
[
320,
345,
524,
355
],
[
305,
345,
316,
351
],
[
768,
345,
808,
354
],
[
890,
345,
899,
354
],
[
569,
346,
623,
354
],
[
702,
346,
710,
354
],
[
748,
362,
769,
370
],
[
764,
362,
803,
370
],
[
841,
362,
896,
370
],
[
542,
362,
617,
370
],
[
635,
362,
710,
370
],
[
122,
378,
303,
388
],
[
142,
394,
524,
404
],
[
748,
395,
769,
403
],
[
764,
395,
803,
403
],
[
841,
395,
896,
403
],
[
542,
395,
617,
403
],
[
635,
395,
710,
403
],
[
142,
410,
524,
420
],
[
759,
411,
803,
419
],
[
852,
411,
896,
419
],
[
556,
411,
617,
420
],
[
649,
411,
710,
420
],
[
142,
427,
524,
437
],
[
768,
428,
803,
436
],
[
861,
428,
896,
436
],
[
568,
428,
617,
436
],
[
661,
428,
710,
436
],
[
142,
443,
524,
453
],
[
759,
444,
803,
452
],
[
852,
444,
896,
452
],
[
556,
444,
617,
453
],
[
649,
444,
710,
453
],
[
748,
460,
803,
469
],
[
841,
460,
896,
469
],
[
542,
460,
617,
469
],
[
635,
460,
710,
469
],
[
122,
476,
408,
486
],
[
408,
476,
418,
483
],
[
142,
492,
317,
503
],
[
332,
492,
524,
503
],
[
317,
493,
328,
499
],
[
748,
493,
754,
502
],
[
773,
493,
803,
502
],
[
841,
493,
846,
502
],
[
866,
493,
896,
502
],
[
542,
493,
549,
502
],
[
575,
493,
617,
502
],
[
635,
493,
642,
502
],
[
668,
493,
710,
502
],
[
142,
509,
277,
519
],
[
288,
509,
524,
519
],
[
773,
509,
778,
519
],
[
277,
509,
287,
515
],
[
778,
510,
808,
518
],
[
867,
510,
901,
518
],
[
577,
510,
623,
518
],
[
670,
510,
716,
518
],
[
142,
525,
304,
535
],
[
317,
525,
524,
535
],
[
304,
526,
313,
532
],
[
783,
526,
808,
534
],
[
876,
526,
901,
534
],
[
589,
526,
623,
535
],
[
682,
526,
716,
535
],
[
748,
542,
754,
551
],
[
773,
542,
803,
551
],
[
841,
542,
846,
551
],
[
866,
542,
896,
551
],
[
542,
543,
549,
551
],
[
575,
543,
617,
551
],
[
635,
543,
642,
551
],
[
668,
543,
710,
551
],
[
107,
562,
117,
568
],
[
119,
563,
440,
571
],
[
107,
576,
118,
582
],
[
121,
577,
291,
585
],
[
107,
590,
118,
596
],
[
121,
591,
440,
599
],
[
107,
604,
118,
610
],
[
121,
605,
328,
613
],
[
482,
948,
500,
957
],
[
503,
948,
517,
957
]
] | [
10,
10,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
2,
2,
2,
2,
2,
2,
2,
2,
5,
5
] | [
"As discussed above, the carrying amounts of certain of the Company’s financial instruments approximate their fair value. The carrying",
"amounts and fair values of the Company’s remaining financial instruments are set forth in the following table: ",
"At December 31,",
"(In thousands)",
"2001",
"2002",
"Carrying",
"Estimated",
"Carrying",
"Estimated",
"Amount",
"Fair Value",
"Amount",
"Fair Value",
"Financial instrument assets:",
"Loans held for sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
"$",
"451,609",
"$",
"454,536",
"$",
"476,475",
"$",
"480,409",
"Forward mortgage loan sales commitments",
" . . . . . . . . . . . . . . . . .",
"(1)",
"7,352",
"7,352",
"(7,454)",
"(7,454)",
"Loans:",
"Consumer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
"2,509,333",
"2,548,617",
"3,005,882",
"3,068,900",
"Commercial real estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
"1,622,461",
"1,644,263",
"1,835,788",
"1,883,183",
"Commercial business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
"422,381",
"417,896",
"440,074",
"438,106",
"Equipment finance loans",
" . . . . . . . . . . . . . . . . . . . . . . . . . . .",
"271,398",
"275,148",
"289,558",
"299,035",
"Residential real estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
"2,733,290",
"2,795,894",
"1,800,344",
"1,868,132",
"Allowance for loan losses",
" . . . . . . . . . . . . . . . . . . . . . . . . . .",
"(2)",
"(66,876)",
"– ",
"(68,143)",
"–",
"$7",
",950,948",
"$ 8,143,706",
"$ 7,772,524",
"$ 8,030,311",
"Financial instrument liabilities:",
"Checking, savings and money market deposits . . . . . . . . . . . . . . .",
"$4",
",778,714",
"$ 4,778,714",
"$ 5,791,233",
"$ 5,791,233",
"Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
"2,320,244",
"2,357,872",
"1,918,755",
"1,948,947",
"Short-term borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
"719,859",
"719,859",
"842,051",
"842,051",
"Long-term borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
"2,303,166",
"2,410,329",
"2,268,244",
"2,443,653",
"$10,121,983",
"$10,266,774",
"$10,820,283",
"$11,025,884",
"Financial instruments with off-balance-sheet risk:",
"(3)",
"Commitments to extend credit",
" . . . . . . . . . . . . . . . . . . . . . . . . .",
"(4)",
"$",
"13,767",
"$",
"13,767",
"$",
"24,569",
"$",
"24,569",
"Standby letters of credit",
" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
"(",
"(1)",
"2,409)",
"(2,409)",
"(5,382)",
"(5,382)",
"Loans serviced with recourse",
" . . . . . . . . . . . . . . . . . . . . . . . . . . .",
"(1)",
"(100)",
"(100)",
"(100)",
"(100)",
"$",
"11,258",
"$",
"11,258",
"$",
"19,087",
"$",
"19,087",
"(1)",
"Carrying amounts are included in accrued expenses and other liabilities.",
"(2)",
"Excludes the allowance for lease losses.",
"(3)",
"Positive amounts represent assets, negative amounts represent liabilities.",
"(4)",
"Carrying amounts are included in other assets.",
"page",
"70"
] | train |
|
[
[
901,
36,
921,
46
],
[
576,
38,
891,
45
],
[
96,
94,
418,
106
],
[
96,
112,
492,
123
],
[
96,
129,
428,
140
],
[
666,
166,
722,
175
],
[
507,
184,
530,
193
],
[
550,
184,
625,
193
],
[
664,
184,
720,
193
],
[
775,
184,
816,
193
],
[
861,
184,
911,
193
],
[
677,
196,
720,
205
],
[
768,
196,
816,
205
],
[
876,
196,
883,
205
],
[
886,
196,
911,
205
],
[
502,
208,
514,
218
],
[
514,
208,
530,
218
],
[
597,
208,
609,
218
],
[
609,
208,
625,
218
],
[
693,
208,
705,
218
],
[
705,
208,
720,
218
],
[
788,
208,
800,
218
],
[
800,
208,
816,
218
],
[
883,
208,
895,
218
],
[
895,
208,
911,
218
],
[
106,
236,
158,
246
],
[
106,
252,
289,
262
],
[
487,
252,
530,
262
],
[
589,
252,
625,
262
],
[
682,
252,
720,
262
],
[
786,
252,
816,
262
],
[
892,
252,
911,
262
],
[
285,
267,
291,
272
],
[
106,
268,
286,
278
],
[
487,
268,
529,
278
],
[
589,
268,
625,
278
],
[
686,
268,
720,
278
],
[
779,
268,
816,
278
],
[
873,
268,
911,
278
],
[
106,
291,
247,
301
],
[
484,
291,
530,
301
],
[
581,
291,
625,
301
],
[
682,
291,
720,
301
],
[
778,
291,
816,
301
],
[
875,
291,
911,
301
],
[
106,
319,
188,
329
],
[
106,
335,
380,
345
],
[
499,
335,
530,
345
],
[
612,
335,
625,
345
],
[
701,
335,
721,
345
],
[
785,
335,
816,
345
],
[
880,
335,
911,
345
],
[
231,
350,
237,
355
],
[
106,
351,
231,
361
],
[
486,
351,
530,
361
],
[
581,
351,
625,
361
],
[
684,
351,
720,
361
],
[
785,
351,
816,
361
],
[
881,
351,
911,
361
],
[
228,
366,
234,
371
],
[
106,
366,
228,
377
],
[
120,
382,
383,
392
],
[
500,
382,
530,
392
],
[
596,
382,
625,
392
],
[
701,
382,
721,
392
],
[
785,
382,
816,
392
],
[
881,
382,
911,
392
],
[
120,
398,
302,
408
],
[
494,
398,
530,
408
],
[
588,
398,
625,
408
],
[
690,
398,
721,
408
],
[
785,
398,
816,
408
],
[
880,
398,
911,
408
],
[
106,
414,
216,
424
],
[
494,
414,
530,
424
],
[
589,
414,
625,
424
],
[
684,
414,
721,
424
],
[
780,
414,
816,
424
],
[
880,
414,
911,
424
],
[
106,
437,
187,
447
],
[
488,
437,
530,
447
],
[
583,
437,
625,
447
],
[
682,
437,
720,
447
],
[
778,
437,
816,
447
],
[
873,
437,
911,
447
],
[
96,
477,
342,
489
],
[
525,
484,
537,
496
],
[
537,
486,
921,
497
],
[
96,
495,
492,
506
],
[
537,
503,
921,
514
],
[
96,
512,
371,
523
],
[
537,
520,
547,
531
],
[
548,
520,
710,
531
],
[
525,
544,
537,
555
],
[
350,
545,
406,
554
],
[
426,
545,
482,
554
],
[
537,
546,
618,
557
],
[
618,
546,
628,
557
],
[
628,
546,
921,
557
],
[
378,
557,
386,
566
],
[
390,
557,
406,
566
],
[
454,
557,
463,
566
],
[
466,
557,
482,
566
],
[
537,
563,
736,
574
],
[
106,
585,
262,
595
],
[
375,
585,
406,
595
],
[
454,
585,
482,
595
],
[
106,
601,
285,
611
],
[
377,
601,
406,
611
],
[
452,
601,
482,
611
],
[
525,
601,
544,
629
],
[
549,
601,
880,
629
],
[
106,
616,
169,
627
],
[
385,
616,
406,
627
],
[
475,
616,
482,
627
],
[
525,
629,
679,
642
],
[
106,
632,
136,
642
],
[
399,
632,
406,
642
],
[
476,
632,
482,
642
],
[
212,
651,
218,
657
],
[
106,
652,
212,
662
],
[
376,
652,
406,
662
],
[
453,
652,
482,
662
],
[
525,
665,
921,
676
],
[
106,
668,
204,
678
],
[
385,
668,
406,
678
],
[
461,
668,
482,
678
],
[
525,
682,
734,
693
],
[
106,
683,
228,
694
],
[
376,
683,
406,
694
],
[
454,
683,
482,
694
],
[
549,
699,
921,
710
],
[
106,
706,
278,
717
],
[
376,
706,
406,
717
],
[
453,
706,
482,
717
],
[
525,
716,
921,
727
],
[
525,
733,
921,
744
],
[
96,
749,
275,
761
],
[
525,
750,
921,
761
],
[
525,
767,
897,
778
],
[
96,
774,
108,
785
],
[
108,
776,
492,
787
],
[
549,
784,
921,
795
],
[
108,
793,
339,
804
],
[
339,
793,
349,
804
],
[
350,
793,
492,
804
],
[
525,
801,
921,
812
],
[
108,
810,
492,
821
],
[
525,
818,
921,
829
],
[
108,
827,
191,
838
],
[
191,
827,
201,
838
],
[
201,
827,
358,
838
],
[
525,
835,
921,
846
],
[
96,
850,
108,
862
],
[
108,
852,
308,
863
],
[
308,
852,
318,
863
],
[
319,
852,
440,
863
],
[
525,
852,
921,
863
],
[
525,
869,
921,
880
],
[
525,
886,
758,
897
],
[
96,
928,
100,
932
],
[
103,
928,
422,
936
],
[
422,
928,
430,
936
],
[
430,
928,
887,
936
],
[
103,
940,
498,
947
],
[
96,
951,
100,
955
],
[
103,
951,
259,
959
],
[
96,
963,
100,
967
],
[
103,
963,
142,
971
],
[
142,
963,
149,
971
],
[
149,
963,
307,
971
]
] | [
6,
6,
8,
10,
10,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
8,
4,
4,
10,
4,
10,
4,
4,
4,
9,
9,
4,
4,
4,
9,
9,
9,
9,
4,
9,
9,
9,
9,
9,
9,
8,
8,
9,
9,
9,
8,
9,
9,
9,
9,
9,
9,
9,
10,
9,
9,
9,
10,
9,
9,
9,
10,
9,
9,
9,
10,
10,
8,
10,
10,
4,
4,
10,
4,
4,
4,
10,
4,
10,
4,
4,
4,
10,
4,
4,
4,
4,
10,
10,
10,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2
] | [
"159",
"NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS",
"Structure of residual terms for banking business",
"The following presents loans and advances and liabilities in the bank-",
"ing business according to their final maturity or call date.",
"12/31/2003",
"Total",
"Up to 3 months",
"> 3 months",
"> 1 year",
"More than",
"to 1 year",
"to 5 years",
"5",
"years",
"¤ ",
"mn",
"¤ ",
"mn",
"¤ ",
"mn",
"¤ ",
"mn",
"¤ ",
"mn",
"ASSETS",
"Term loans and advances to banks",
"107,094",
"68,919",
"35,899",
"1,765",
"511",
"1)",
"Loans and advances to customers",
"187 ,315",
"99,519",
"19,410",
"27,501",
"40,885",
"Term loans and advances",
"294,409",
"168,438",
"55,309",
"29,266",
"41,396",
"LIABILITIES",
"Participation certificates and subordinated liabilities",
"8,255",
"97",
"139",
"3,975",
"4,044",
"2)",
"Term liabilities to banks",
"154,793",
"125,042",
"17,434",
"6,736",
"5,581",
"2)",
"Liabilities to customers",
"Savings deposits and home-loan savings deposits",
"5,474",
"1,421",
"184",
"2,567",
"1,302",
"Other term liabilities to customers",
"91,762",
"73,921",
"6,762",
"3,740",
"7,339",
"Certificated liabilities",
"51,299",
"17,858",
"10,024",
"19,421",
"3,996",
"Term liabilities",
"311,583",
"218,339",
"34,543",
"36,439",
"22,262",
"Trustee business in banking business",
"_ ",
"At the balance-sheet date there were commitments to repurchase",
"The table below presents a breakdown of trustee business in bank-",
"assets sold under repurchase agreements with a net book value of",
"ing business not reported in the balance sheet:",
"¤",
"103,860 (2002: 61,068) mn.",
"_ ",
"12/31/2003",
"12/31/2002",
"An amount of ",
"¤",
"134 (2002: 287) mn eligible for refinancing with the",
"¤",
"mn",
"¤",
"mn",
"central bank is held in cash funds.",
"Loans and advances to banks",
"3,426",
"5,217",
"Loans and advances to customers",
"2,319",
"4,247",
"40",
"Use, treatment and reporting of derivative",
"Investments",
"828",
"7",
"financial instruments",
"Other",
"–",
"–",
"3)",
"Assets held in trust",
"6,573",
"9,471",
"Derivatives derive their market values from one or more underlying",
"Liabilities to banks",
"997",
"955",
"assets or specified reference values.",
"Liabilities to customers",
"5,576",
"8,516",
"Examples of derivatives include contracts for future delivery in",
"Liabilities incurred as a trustee",
"6,573",
"9,471",
"the form of futures or forwards, options on shares or indices, inter-",
"est rate options such as caps and floors, and swaps relating to both",
"Other banking information",
"interest rates and non-interest rate markets. The latter include agree-",
"ments to exchange previously defined assets or payment series.",
"_ ",
"Loans and advances (after loan loss allowance) to banks and cus-",
"The use of derivatives by individual enterprises in the Allianz",
"tomers include reverse repos totaling ",
"¤",
"154,441 (2002: 98,063)",
"Group is in compliance with the relevant supervisory regulations and",
"mn. Liabilities to banks and customers include repo transactions",
"the Group’s own internal guidelines. In addition to local management",
"amounting to ",
"¤",
"92,876 (2002: 63,573) mn.",
"supervision, comprehensive financial and risk management systems",
"_ ",
"Subordinated assets amounted to ",
"¤",
"282 (2002: 473) mn.",
"are in force across the Group. Further information on the risks hedged",
"and the Group’s risk management systems is included in the Manage-",
"ment Report under “Risk Management”.",
"1)",
"Loans and advances to customers with residual terms of up to 3 months include ",
"¤",
"7,706 (2002: 8,510) mn of undated claims. These claims include credit lines available until further notice, overdraft ",
"facilities, loans called or overdue, unauthorized overdrafts, call money and internal account balances",
"2)",
"Excluding balances payable on demand",
"3)",
"Including ",
"¤",
"5,101 (2002: 8,847) mn of trustee loans"
] | train |
|
[
[
118,
43,
301,
51
],
[
55,
43,
95,
50
],
[
55,
169,
191,
181
],
[
347,
169,
625,
180
],
[
638,
169,
922,
180
],
[
55,
185,
203,
197
],
[
347,
185,
624,
196
],
[
638,
185,
916,
196
],
[
347,
201,
624,
212
],
[
638,
201,
916,
212
],
[
55,
201,
333,
212
],
[
347,
217,
624,
228
],
[
638,
217,
916,
228
],
[
55,
217,
333,
228
],
[
347,
233,
624,
244
],
[
638,
233,
916,
244
],
[
55,
233,
333,
244
],
[
347,
249,
625,
260
],
[
638,
249,
916,
260
],
[
55,
249,
333,
260
],
[
638,
265,
917,
276
],
[
55,
265,
333,
276
],
[
347,
265,
624,
276
],
[
638,
281,
916,
291
],
[
55,
281,
333,
291
],
[
347,
281,
625,
291
],
[
638,
296,
916,
307
],
[
55,
296,
333,
307
],
[
347,
296,
624,
307
],
[
638,
312,
921,
323
],
[
55,
312,
234,
323
],
[
347,
312,
624,
323
],
[
638,
328,
916,
339
],
[
69,
328,
333,
339
],
[
347,
328,
624,
339
],
[
638,
344,
916,
355
],
[
55,
344,
333,
355
],
[
347,
360,
451,
371
],
[
638,
360,
917,
371
],
[
55,
360,
333,
371
],
[
638,
376,
917,
387
],
[
55,
376,
160,
387
],
[
347,
376,
625,
387
],
[
638,
392,
916,
403
],
[
69,
392,
333,
403
],
[
347,
392,
624,
403
],
[
638,
408,
917,
418
],
[
55,
408,
333,
418
],
[
347,
408,
624,
418
],
[
638,
423,
916,
434
],
[
55,
423,
333,
434
],
[
347,
423,
624,
434
],
[
638,
439,
916,
450
],
[
55,
439,
333,
450
],
[
347,
439,
630,
450
],
[
638,
455,
916,
466
],
[
55,
455,
333,
466
],
[
347,
455,
625,
466
],
[
638,
471,
917,
482
],
[
55,
471,
333,
482
],
[
347,
487,
554,
498
],
[
638,
487,
843,
498
],
[
55,
487,
333,
498
],
[
55,
503,
271,
514
],
[
347,
503,
625,
514
],
[
69,
519,
333,
530
],
[
347,
519,
625,
530
],
[
55,
535,
333,
545
],
[
347,
535,
625,
545
],
[
638,
547,
663,
554
],
[
656,
547,
872,
554
],
[
55,
550,
333,
561
],
[
347,
550,
625,
561
],
[
638,
558,
911,
566
],
[
55,
566,
333,
577
],
[
347,
566,
625,
577
],
[
638,
570,
784,
577
]
] | [
6,
6,
8,
10,
10,
8,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
8,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
8,
10,
10,
10,
10,
10,
10,
10,
10,
2,
2,
10,
10,
2,
10,
10,
2
] | [
"Bombardier Inc. Annual Report 2003-04",
"page 54",
"Aircraft maintenance ",
"Aerospace Parts Logistics organization.",
"three-and-a-half-year collective agreement ",
"and spare parts services",
"Expected benefits include increased customer",
"with the International Association of Machinists",
"satisfaction due to a shorter response time and",
"and Aerospace Workers in Wichita, Kansas,",
"Bombardier Aerospace offers maintenance",
"increased operational efficiencies that will allow",
"and a three-year collective agreement with the",
"services to its business aircraft customers at its",
"for reduced spare parts inventory levels. Spare",
"Canadian Auto Workers in Toronto, Canada.",
"six centres located in Fort Lauderdale, Florida;",
"parts operations will move to a single SAP$^{**}$-",
"These unions cover 1,200 and 1,800 employees",
"Indianapolis, Indiana; Hartford, Connecticut;",
"respectively, and represent approximately",
"Wichita, Kansas; Tucson, Arizona; and Dallas,",
"based operating system and will establish new",
"20% of the employees covered by collective",
"Texas in the United States; as well as a service",
"distribution warehouses in Chicago, Illinois,",
"labour agreements. Since April 2003, Bombar-",
"centre located in Berlin, Germany, which is a",
"and Frankfurt, Germany. These centrally-located",
"dier Aerospace has been in negotiation with ",
"joint venture with Lufthansa. ",
"warehouses will be run by the world-renowned",
"its Belfast unions for an early labour contract",
"Bombardier Aerospace offers maintenance",
"logistics provider, Caterpillar Logistics Services.",
"renewal. In late January 2004, labour agree-",
"and modification services in Bridgeport, West",
"Other activities ",
"ments for the Amicus; the Amalgamated",
"Virginia in the United States to Bombardier CRJ",
"Transport and General Workers Union; the",
"Series operators.",
"Other activities carried out by Bombardier",
"General Machinists & Boilermakers; and the",
"Bombardier Aerospace is also associated",
"Aerospace include component manufacturing",
"Union of Construction, Allied Trades and",
"with 28 authorized service centres worldwide,",
"for third parties at facilities in Montréal, Canada",
"Technicians in Belfast, Northern Ireland, covering",
"with 26 centres for business aircraft and two",
"and in Belfast, Northern Ireland, where most of",
"4,835 employees, expired. Discussions with",
"for regional aircraft, which provide complete",
"the design, development and manufacture ",
"these unions are ongoing. No other collective",
"services to operators. Bombardier Aerospace",
"of major airframe structures is undertaken.",
"agreements are up for renewal before the",
"expects to open an additional maintenance",
"Labour relations and workforce",
"fourth quarter of fiscal year 2006.",
"centre for regional aircraft in Tucson, Arizona in",
"the first quarter of fiscal year 2005.",
"The total number of employees at the end of",
"On January 14, 2004, Bombardier Aerospace",
"fiscal year 2004 was approximately 26,300,",
"announced the consolidation and integration of",
"approximately 57% of whom are covered by",
"*T",
"rademark(s) of Bombardier Inc. or its subsidiaries.",
"its regional aircraft and business aircraft spare",
"collective labour agreements. In fiscal year",
"**Delta AirElite is a trademark of Delta Corporate Identity, Inc.",
"parts organizations into the new Bombardier",
"2004, Bombardier Aerospace negotiated a",
"** SAP is a trademark of SAP AG."
] | train |
|
[
[
923,
37,
930,
45
],
[
769,
38,
907,
45
],
[
121,
192,
166,
202
],
[
490,
192,
491,
202
],
[
517,
192,
519,
202
],
[
552,
192,
924,
202
],
[
540,
194,
547,
200
],
[
121,
212,
507,
222
],
[
553,
212,
934,
222
],
[
121,
232,
462,
242
],
[
553,
232,
881,
242
],
[
552,
259,
927,
269
],
[
540,
261,
547,
267
],
[
132,
264,
482,
274
],
[
121,
266,
128,
272
],
[
553,
279,
697,
289
],
[
133,
283,
215,
294
],
[
540,
306,
939,
316
],
[
132,
311,
508,
321
],
[
121,
313,
128,
319
],
[
540,
325,
940,
336
],
[
133,
330,
487,
340
],
[
540,
345,
909,
355
],
[
133,
350,
506,
360
],
[
540,
365,
924,
375
],
[
133,
370,
352,
380
],
[
374,
370,
498,
380
],
[
355,
370,
365,
377
],
[
540,
385,
930,
395
],
[
133,
390,
509,
400
],
[
540,
404,
893,
415
],
[
133,
409,
483,
420
],
[
540,
424,
923,
434
],
[
133,
429,
484,
439
],
[
540,
444,
642,
454
],
[
645,
444,
656,
451
],
[
133,
449,
505,
459
],
[
133,
469,
505,
479
],
[
133,
488,
311,
499
],
[
121,
840,
132,
850
],
[
135,
840,
152,
850
],
[
714,
840,
723,
850
],
[
141,
852,
518,
861
],
[
121,
871,
135,
880
],
[
139,
871,
186,
880
],
[
699,
871,
750,
880
],
[
141,
883,
191,
892
],
[
535,
883,
591,
892
]
] | [
6,
6,
10,
10,
10,
4,
4,
10,
4,
10,
4,
4,
4,
4,
4,
4,
4,
10,
4,
4,
10,
4,
10,
4,
10,
4,
4,
4,
10,
4,
10,
4,
10,
4,
10,
10,
4,
4,
4,
2,
2,
2,
2,
2,
2,
2,
2,
2
] | [
"5",
"VORNADO REALTY TRUST",
"Vornado",
"has",
"multiple assets that have substantial value, but",
"Our FFO in 2003 from the Palisades apartment complex",
"■",
"are currently earning either no return or very low returns in",
"represented a 1.5% return on the $95 million of proceeds",
"relation to their value. Some examples of these are:",
"we will receive when the sale of this asset closes.",
"$25 million of Prime Group Inc. common stock for which",
"■",
"Cash balances, which at year-end were $320 million,",
"■",
"we record no income.",
"yielding 1%.",
"The totals are $690 million of capital that earned $9 million",
"Hotel Pennsylvania, which has been on a roller coaster,",
"■",
"in 2003. As we harvest these values and reinvest proceeds",
"earning EBITDA of $13 million in 1997 when we first",
"at normalized returns, our FFO will increase. Our FFO",
"acquired 40% of it, peaking at $27 million in 2000, and",
"would also increase if we refinance the $880 million por-",
"dropping to $4.6 million last year.",
"Mike and I believe ",
"(6)",
"tion of our preferred shares which are approaching their",
"this asset could be sold for in excess of $250 million.",
"call date and are above market. On the flipside, a ",
"Our to-do list for 2004 includes finalizing a plan for ",
"100 basis point increase in LIBOR would reduce FFO by ",
"the Hotel Pennsylvania which may involve a sale, ",
"$.08 per share.",
"(7)",
"conversion to apartments or even razing the building ",
"for new construction. Any plan will involve realizing the",
"site’s great retail potential.",
"(6)",
"It’",
"a sign of the earning power of our business that we could suffer a diminution of $22 million of",
"income from this one asset, and, so to speak, not miss a beat.",
"(7)",
"Reflects",
"the increased interest expense on our variable rate debt based on our current balance sheet,",
"partially",
"offset by the increased income from our variable rate investments. "
] | train |
|
[
[
81,
38,
202,
45
],
[
81,
93,
445,
106
],
[
415,
110,
424,
116
],
[
81,
110,
415,
123
],
[
81,
149,
102,
178
],
[
107,
149,
296,
178
],
[
451,
194,
456,
199
],
[
633,
194,
638,
199
],
[
365,
194,
451,
204
],
[
580,
194,
633,
204
],
[
798,
194,
819,
204
],
[
338,
213,
363,
222
],
[
404,
213,
429,
222
],
[
472,
213,
496,
222
],
[
538,
213,
563,
222
],
[
604,
213,
629,
222
],
[
672,
213,
696,
222
],
[
738,
213,
763,
222
],
[
804,
213,
830,
222
],
[
872,
213,
896,
222
],
[
334,
225,
343,
234
],
[
347,
225,
363,
234
],
[
401,
225,
410,
234
],
[
414,
225,
429,
234
],
[
468,
225,
476,
234
],
[
480,
225,
496,
234
],
[
535,
225,
543,
234
],
[
547,
225,
563,
234
],
[
601,
225,
610,
234
],
[
614,
225,
629,
234
],
[
668,
225,
677,
234
],
[
680,
225,
696,
234
],
[
735,
225,
743,
234
],
[
747,
225,
763,
234
],
[
801,
225,
810,
234
],
[
814,
225,
830,
234
],
[
868,
225,
877,
234
],
[
880,
225,
896,
234
],
[
91,
253,
222,
263
],
[
105,
268,
223,
279
],
[
325,
268,
363,
279
],
[
392,
268,
429,
279
],
[
458,
268,
496,
279
],
[
525,
268,
563,
279
],
[
594,
268,
630,
279
],
[
659,
268,
696,
279
],
[
726,
268,
763,
279
],
[
791,
268,
830,
279
],
[
859,
268,
896,
279
],
[
105,
284,
247,
294
],
[
332,
284,
363,
294
],
[
398,
284,
429,
294
],
[
468,
284,
496,
294
],
[
543,
284,
563,
294
],
[
608,
284,
630,
294
],
[
676,
284,
696,
294
],
[
734,
284,
763,
294
],
[
799,
284,
830,
294
],
[
866,
284,
896,
294
],
[
91,
304,
117,
314
],
[
325,
304,
363,
314
],
[
391,
304,
429,
314
],
[
460,
304,
496,
314
],
[
526,
304,
563,
314
],
[
594,
304,
630,
314
],
[
661,
304,
696,
314
],
[
726,
304,
763,
314
],
[
794,
304,
830,
314
],
[
860,
304,
896,
314
],
[
105,
320,
205,
330
],
[
323,
320,
363,
330
],
[
392,
320,
429,
330
],
[
456,
320,
496,
330
],
[
524,
320,
563,
330
],
[
591,
320,
629,
330
],
[
660,
320,
696,
330
],
[
723,
320,
763,
330
],
[
791,
320,
830,
330
],
[
857,
320,
896,
330
],
[
91,
339,
221,
349
],
[
325,
339,
363,
349
],
[
392,
339,
429,
349
],
[
458,
339,
496,
349
],
[
526,
339,
563,
349
],
[
592,
339,
630,
349
],
[
659,
339,
696,
349
],
[
725,
339,
763,
349
],
[
792,
339,
830,
349
],
[
858,
339,
896,
349
],
[
91,
355,
185,
365
],
[
105,
371,
219,
381
],
[
328,
371,
363,
381
],
[
392,
371,
429,
381
],
[
459,
371,
496,
381
],
[
526,
371,
563,
381
],
[
594,
371,
629,
381
],
[
659,
371,
696,
381
],
[
725,
371,
763,
381
],
[
792,
371,
830,
381
],
[
861,
371,
896,
381
],
[
105,
387,
247,
397
],
[
332,
387,
363,
397
],
[
402,
387,
429,
397
],
[
465,
387,
496,
397
],
[
543,
387,
563,
397
],
[
608,
387,
629,
397
],
[
676,
387,
696,
397
],
[
731,
387,
763,
397
],
[
799,
387,
830,
397
],
[
867,
387,
896,
397
],
[
91,
406,
117,
416
],
[
327,
406,
363,
416
],
[
393,
406,
429,
416
],
[
459,
406,
496,
416
],
[
525,
406,
563,
416
],
[
594,
406,
630,
416
],
[
661,
406,
696,
416
],
[
726,
406,
763,
416
],
[
792,
406,
830,
416
],
[
858,
406,
896,
416
],
[
105,
422,
205,
432
],
[
323,
422,
363,
432
],
[
392,
422,
429,
432
],
[
456,
422,
496,
432
],
[
524,
422,
563,
432
],
[
592,
422,
630,
432
],
[
660,
422,
696,
432
],
[
724,
422,
763,
432
],
[
790,
422,
830,
432
],
[
857,
422,
896,
432
],
[
91,
445,
221,
455
],
[
326,
445,
363,
455
],
[
392,
445,
429,
455
],
[
458,
445,
496,
455
],
[
526,
445,
563,
455
],
[
595,
445,
630,
455
],
[
660,
445,
696,
455
],
[
726,
445,
763,
455
],
[
794,
445,
830,
455
],
[
859,
445,
896,
455
],
[
81,
495,
477,
506
],
[
510,
495,
864,
506
],
[
864,
495,
875,
506
],
[
875,
495,
905,
506
],
[
81,
512,
477,
523
],
[
510,
512,
695,
523
],
[
81,
529,
477,
540
],
[
753,
538,
759,
543
],
[
510,
538,
753,
548
],
[
81,
546,
246,
557
],
[
738,
563,
763,
572
],
[
804,
563,
830,
572
],
[
872,
563,
896,
572
],
[
735,
575,
743,
584
],
[
747,
575,
763,
584
],
[
801,
575,
810,
584
],
[
814,
575,
830,
584
],
[
868,
575,
877,
584
],
[
880,
575,
896,
584
],
[
81,
584,
101,
612
],
[
106,
584,
327,
612
],
[
520,
602,
668,
612
],
[
732,
602,
763,
612
],
[
792,
602,
830,
612
],
[
866,
602,
896,
612
],
[
520,
618,
612,
628
],
[
724,
618,
763,
628
],
[
790,
618,
830,
628
],
[
856,
618,
896,
628
],
[
309,
630,
334,
640
],
[
376,
630,
401,
640
],
[
443,
630,
467,
640
],
[
520,
638,
628,
648
],
[
734,
638,
763,
648
],
[
799,
638,
830,
648
],
[
865,
638,
896,
648
],
[
306,
643,
314,
652
],
[
318,
643,
334,
652
],
[
373,
643,
381,
652
],
[
385,
643,
401,
652
],
[
439,
643,
448,
652
],
[
452,
643,
467,
652
],
[
520,
653,
650,
664
],
[
735,
653,
763,
664
],
[
799,
653,
830,
664
],
[
875,
653,
896,
664
],
[
91,
670,
159,
680
],
[
520,
676,
690,
687
],
[
105,
686,
244,
696
],
[
313,
686,
334,
696
],
[
380,
686,
401,
696
],
[
447,
686,
467,
696
],
[
531,
689,
613,
699
],
[
733,
689,
762,
699
],
[
800,
689,
830,
699
],
[
869,
689,
896,
699
],
[
105,
702,
248,
712
],
[
297,
702,
334,
712
],
[
365,
702,
401,
712
],
[
431,
702,
467,
712
],
[
105,
718,
272,
728
],
[
313,
718,
334,
728
],
[
374,
718,
401,
728
],
[
440,
718,
467,
728
],
[
105,
734,
232,
744
],
[
117,
746,
236,
756
],
[
304,
746,
334,
756
],
[
365,
746,
401,
756
],
[
436,
746,
468,
756
],
[
105,
762,
208,
772
],
[
320,
762,
334,
772
],
[
382,
762,
401,
772
],
[
453,
762,
468,
772
],
[
105,
778,
258,
788
],
[
119,
790,
152,
800
],
[
313,
790,
334,
800
],
[
371,
790,
401,
800
],
[
446,
790,
468,
800
],
[
91,
813,
117,
823
],
[
296,
813,
334,
823
],
[
365,
813,
401,
823
],
[
430,
813,
468,
823
],
[
81,
928,
635,
936
],
[
81,
940,
328,
947
]
] | [
6,
8,
8,
8,
8,
8,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
10,
10,
10,
10,
10,
10,
10,
8,
8,
10,
9,
9,
9,
9,
9,
9,
9,
9,
9,
8,
8,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
2,
2
] | [
"ALLIANZ GROUP 148",
"SUPPLEMENTARY INFORMATION TO THE",
"1)",
"CONSOLIDATED INCOME STATEMENT",
"24",
"Premiums earned (net)",
"2)",
"2)",
"Property/Casualty",
"Life/Health",
"Total",
"2003",
"2002",
"2001",
"2003",
"2002",
"2001",
"2003",
"2002",
"2001",
"¤",
"mn",
"¤",
"mn",
"¤",
"mn",
"¤",
"mn",
"¤",
"mn",
"¤",
"mn",
"¤",
"mn",
"¤",
"mn",
"¤",
"mn",
"Gross premiums written:",
"from direct insurance ",
"40,675",
"40,447",
"38,942",
"20,002",
"19,961",
"19,389",
"60,677",
"60,408",
"58,331",
"from reinsurance assumed",
"2,034",
"2,095",
"2,517",
"676",
"650",
"740",
"2,710",
"2,745",
"3,257",
"Total",
"42,709",
"42,542",
"41,459",
"20,678",
"20,611",
"20,129",
"63,387",
"63,153",
"61,588",
"Reinsurance ceded",
"– 5,404",
"– 6,150",
"– 6,669",
"– 1,240",
"– 1,207",
"– 1,169",
"– 6,644",
"– 7,357",
"– 7,838",
"Premiums written (net)",
"37,305",
"36,392",
"34,790",
"19,438",
"19,404",
"18,960",
"56,743",
"55,796",
"53,750",
"Premiums earned",
"from direct insurance",
"40,111",
"39,823",
"37,797",
"19,968",
"19,961",
"19,396",
"60,079",
"59,784",
"57,193",
"from reinsurance assumed",
"1,993",
"2,119",
"2,564",
"676",
"650",
"751",
"2,669",
"2,769",
"3,315",
"Total",
"42,104",
"41,942",
"40,361",
"20,644",
"20,611",
"20,147",
"62,748",
"62,553",
"60,508",
"Reinsurance ceded",
"– 5,528",
"– 6,219",
"– 6,595",
"– 1,242",
"– 1,201",
"– 1,168",
"– 6,770",
"– 7,420",
"– 7,763",
"Premiums earned (net)",
"36,576",
"35,723",
"33,766",
"19,402",
"19,410",
"18,979",
"55,978",
"55,133",
"52,745",
"In the case of life insurance products where the policyholder carries",
"Interest and similar income includes dividend income of ",
"¤",
"1,512",
"the investment risk (e. g. variable annuities), only those parts of the",
"(2002: 1,806; 2001: 2,147) mn.",
"premiums used to cover the risks insured and costs involved are",
"2)",
"Net interest margin from banking business",
"treated as premium income.",
"2003",
"2002",
"2001",
"¤",
"mn",
"¤",
"mn",
"¤",
"mn",
"25",
"Interest and similar income",
"Interest and current income",
"8,042",
"13,299",
"9,073",
"Interest expenses",
"– 5,225",
"– 9,292",
"– 6,668",
"2003",
"2002",
"2001",
"Net interest margin",
"2,817",
"4,007",
"2,405",
"¤",
"mn",
"¤",
"mn",
"¤",
"mn",
"Less loan loss allowance",
"1,014",
"2,222",
"588",
"Income from",
"Net interest margin after loan ",
"securities held-to-maturity",
"329",
"384",
"467",
"loss allowance",
"1,803",
"1,785",
"1,817",
"securities available-for-sale",
"12,355",
"13,747",
"13,055",
"real estate used by third parties",
"986",
"1,141",
"1,108",
"lending, money market ",
"transactions and loans",
"8,079",
"11,058",
"8,566",
"leasing agreements",
"80",
"141",
"68",
"other interest-bearing instru-",
"ments",
"733",
"1,739",
"960",
"Total",
"22,562",
"28,210",
"24,224",
"$^{1)}$The figures for 2001 include the Dresdner Bank Group only from the time of its initial consolidation (July 23, 2001 to December 31, 2001)",
"$^{2)}$After eliminating intra-Group transactions between segments"
] | train |
|
[
[
182,
36,
202,
46
],
[
81,
38,
171,
45
],
[
81,
95,
477,
106
],
[
510,
95,
726,
105
],
[
81,
112,
281,
123
],
[
281,
112,
291,
123
],
[
292,
112,
477,
123
],
[
764,
119,
820,
129
],
[
840,
119,
896,
129
],
[
81,
129,
286,
140
],
[
792,
132,
800,
141
],
[
804,
132,
820,
141
],
[
868,
132,
877,
141
],
[
880,
132,
896,
141
],
[
105,
146,
477,
157
],
[
520,
159,
627,
169
],
[
81,
163,
477,
174
],
[
534,
175,
641,
185
],
[
806,
175,
820,
185
],
[
890,
175,
896,
185
],
[
81,
180,
477,
191
],
[
534,
191,
650,
201
],
[
791,
191,
820,
201
],
[
866,
191,
896,
201
],
[
81,
197,
477,
208
],
[
520,
210,
546,
221
],
[
790,
210,
819,
221
],
[
866,
210,
896,
221
],
[
81,
214,
477,
225
],
[
520,
230,
674,
240
],
[
81,
231,
477,
242
],
[
534,
246,
594,
256
],
[
800,
246,
820,
256
],
[
875,
246,
896,
256
],
[
81,
248,
477,
259
],
[
534,
262,
652,
272
],
[
790,
262,
820,
272
],
[
866,
262,
896,
272
],
[
81,
265,
477,
276
],
[
534,
277,
650,
288
],
[
789,
277,
820,
288
],
[
868,
277,
896,
288
],
[
81,
282,
477,
293
],
[
520,
297,
546,
307
],
[
789,
297,
820,
307
],
[
860,
297,
896,
307
],
[
81,
299,
461,
310
],
[
105,
316,
477,
327
],
[
520,
320,
649,
330
],
[
784,
320,
820,
330
],
[
862,
320,
896,
330
],
[
81,
333,
95,
344
],
[
99,
333,
477,
344
],
[
81,
350,
477,
361
],
[
510,
358,
651,
369
],
[
656,
358,
703,
369
],
[
704,
358,
714,
369
],
[
715,
358,
906,
369
],
[
81,
367,
477,
378
],
[
510,
375,
906,
386
],
[
81,
384,
477,
395
],
[
510,
392,
906,
404
],
[
81,
401,
477,
412
],
[
510,
410,
906,
421
],
[
81,
418,
92,
429
],
[
92,
418,
125,
429
],
[
129,
418,
288,
429
],
[
510,
427,
906,
438
],
[
105,
435,
477,
446
],
[
510,
444,
906,
455
],
[
81,
452,
477,
463
],
[
510,
461,
906,
472
],
[
81,
469,
477,
480
],
[
510,
478,
589,
489
],
[
81,
486,
477,
497
],
[
534,
495,
906,
506
],
[
81,
503,
482,
514
],
[
510,
512,
906,
523
],
[
81,
520,
89,
531
],
[
92,
520,
477,
531
],
[
510,
529,
906,
540
],
[
81,
537,
477,
548
],
[
510,
546,
821,
557
],
[
81,
554,
477,
565
],
[
534,
563,
906,
574
],
[
81,
571,
477,
582
],
[
510,
580,
742,
591
],
[
742,
580,
753,
591
],
[
753,
580,
772,
591
],
[
776,
580,
906,
591
],
[
81,
588,
477,
599
],
[
510,
597,
906,
608
],
[
81,
605,
391,
616
],
[
510,
614,
658,
625
],
[
658,
614,
668,
625
],
[
669,
614,
906,
625
],
[
105,
622,
317,
633
],
[
317,
622,
327,
633
],
[
328,
622,
477,
633
],
[
510,
631,
906,
642
],
[
81,
639,
477,
650
],
[
510,
648,
906,
659
],
[
81,
656,
477,
667
],
[
510,
665,
630,
676
],
[
630,
665,
640,
676
],
[
641,
665,
906,
676
],
[
81,
673,
477,
684
],
[
510,
682,
906,
693
],
[
81,
690,
477,
701
],
[
510,
699,
806,
710
],
[
806,
699,
817,
710
],
[
817,
699,
906,
710
],
[
81,
707,
477,
718
],
[
510,
716,
672,
727
],
[
81,
724,
477,
735
],
[
534,
733,
906,
744
],
[
81,
741,
423,
752
],
[
510,
750,
906,
761
],
[
510,
767,
906,
778
],
[
81,
776,
477,
787
],
[
510,
784,
906,
795
],
[
81,
793,
120,
804
],
[
510,
801,
701,
812
],
[
701,
801,
712,
812
],
[
712,
801,
906,
812
],
[
510,
818,
618,
829
],
[
106,
827,
139,
836
],
[
179,
827,
220,
836
],
[
315,
827,
344,
836
],
[
363,
827,
399,
836
],
[
428,
827,
467,
836
],
[
215,
839,
220,
844
],
[
115,
839,
139,
849
],
[
177,
839,
215,
849
],
[
378,
839,
396,
849
],
[
112,
867,
139,
877
],
[
170,
867,
179,
877
],
[
180,
867,
220,
877
],
[
242,
867,
344,
877
],
[
366,
867,
382,
877
],
[
385,
867,
396,
877
],
[
441,
867,
468,
877
],
[
113,
883,
138,
893
],
[
168,
883,
178,
893
],
[
179,
883,
198,
893
],
[
202,
883,
220,
893
],
[
242,
883,
344,
893
],
[
368,
883,
383,
893
],
[
386,
883,
396,
893
],
[
440,
883,
468,
893
],
[
81,
912,
85,
916
],
[
88,
912,
314,
920
]
] | [
6,
6,
10,
8,
10,
10,
10,
9,
9,
10,
9,
9,
9,
9,
10,
9,
10,
9,
9,
9,
10,
9,
9,
9,
10,
9,
9,
9,
10,
9,
10,
9,
9,
9,
10,
9,
9,
9,
10,
9,
9,
9,
10,
9,
9,
9,
10,
10,
9,
9,
9,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
2,
2
] | [
"140",
"ALLIANZ GROUP",
"holdings of Allianz AG, were subsequently recalled. Since then, the",
"Breakdown of subordinated liabilities ",
"participation capital amounts to ",
"¤",
"31,225,164.80, subdivided into",
"12/31/2003",
"12/31/2002",
"6,098,665 participation certificates.",
"¤",
"mn",
"¤",
"mn",
"The terms of the profit participation certificates provide for an",
"Non-voting interests",
"annual cash distribution of 240.0 % of the dividend paid by the com-",
"CreditRas Vita S.p.A.",
"45",
"–",
"pany per one Allianz ordinary share. If certain conditions are met, the",
"Dresdner Bank Group",
"1,561",
"1,732",
"holders of profit participation certificates may also subscribe to new",
"Total",
"1,606",
"1,732",
"profit participation certificates; to this extent, the preemptive sub-",
"Other subordinated liabilities",
"scription rights of Allianz AG shareholders are excluded. Holders of",
"AGF Group",
"797",
"864",
"profit participation certificates do not have voting rights, or any",
"Allianz Finance II B. V.",
"3,377",
"3,445",
"rights to convert the said certificates into Allianz AG shares, or rights",
"Dresdner Bank Group",
"4,854",
"6,178",
"to liquidation proceeds. Profit participation certificates are unsecured",
"Total",
"9,028",
"10,487",
"and rank pari passu with the claims of other unsecured creditors.",
"Profit participation certificates can be redeemed by holders upon",
"Subordinated liabilities",
"10,634",
"12,219",
"12",
"months’ prior notice, beginning December 31, 2001, and every 5th",
"year thereafter. Upon redemption by holders, the terms of the profit",
"Subordinated liabilities",
"include ",
"¤",
"3,377 mn from subordinated lia-",
"participation certificates provide for a redemption price equal to the",
"bilities, which Allianz Finance II B. V. issued in 2002 and which have",
"weighted average of the issue prices of all profit participation certifi-",
"been guaranteed by Allianz AG on a subordinated basis. The guaran-",
"cates. Since the last issue of April 2003, the price has been uniformly",
"tee provided by Allianz for the redemption of these subordinated debt",
"¤",
"72.39",
"per participation certificate.",
"issue is also subordinated, which means that in case of the insolven-",
"The company may call the profit participation certificates for re-",
"cy or liquidation of Allianz AG, subordinated creditors will be paid",
"demption, upon 6 months’ prior notice, beginning December 31,",
"back only after all claims by holders of non-subordinated debt have",
"2006, and each year thereafter. Upon redemption by the company,",
"been settled. ",
"the cash redemption price per certificate would be equal to 122.9 %",
"In the event of bankruptcy proceedings or liquidation, the sub-",
"of the then current price of 1 Allianz ordinary share during the last ",
"ordinated liabilities of Dresdner Bank Group may not be redeemed",
"3",
"months preceding the recall of the participation certicate. In lieu of",
"until all non-subordinated creditors have been satisfied. There is no",
"redemption for cash, the company may offer 10 Allianz ordinary",
"obligation to redeem such liabilities prior to maturity.",
"shares per 8 profit participation certificates. Allianz AG has consis-",
"The non-voting interests were issued for the first time in May",
"tently stated at its Annual General Meeting that the company is not",
"1999, in the amount of approximately ",
"¤",
"1.5",
"bn by Dresdner Bank.",
"legally required to call the profit participation certificates for re-",
"These non-voting interests include 2 issues of Dresdner Bank AG in",
"demption on December 31, 2006 or at another date. ",
"the nominal amount of ",
"¤",
"500 mn (interest rate 5.79 %, maturity",
"Participation certificates also include ",
"¤",
"1,511 (2002: 1,505) mn is-",
"2011) and USD 1,000 mn (interest rate 8.15 %, maturity 2031). Ad-",
"sued by the Dresdner Bank Group which entitle holders to annual in-",
"ditionally Dresdner Bank AG issued 2 non-voting interests in the",
"terest payments, which take priority over Dresdner shareholders’ div-",
"nominal amount of ",
"¤",
"159 mn (interest rate 7.00 %, maturity 2013)",
"idend entitlements. They are subordinated to obligations for all other",
"and JPY 15,000 mn (interest rate 3.50 %, maturity 2033) in 2001.",
"creditors of the issuer, except those similarly subordinated, and share",
"Interest paid on non-voting interests amounted to ",
"¤",
"119 (2002: 118;",
"in losses of the respective issuers in accordance with the conditions",
"2001: 128) mn for the year.",
"attached to the certificates. The profit participation certificates will be",
"Fixed-rate subordinated liabilities of Dresdner Bank Group have",
"redeemed subject to the provisions regarding loss sharing.",
"coupons between 4.0 % and 8.4 %; in addition, there are variable-",
"rate issues linked to a reference interest rate and zero-coupon bonds.",
"Details of the 2 largest participation certificate issues are provided",
"The average interest rate comes to 4.1 %. Interest paid on these sub-",
"below:",
"ordinated liabilities amounted to ",
"¤",
"222 (2002: 463; 2001: 473) mn in",
"the reporting year.",
"Year of",
"Nominal",
"Issuer",
"Inerest ",
"Maturity",
"*)",
"issue",
"amount",
"rate",
"1996",
"¤",
"511 mn",
"Dresdner Bank AG",
"8.0",
"%",
"2007",
"1997",
"¤",
"767",
"mn",
"Dresdner Bank AG",
"7.0",
"%",
"2008",
"*)",
"Nominal amount minus amounts held by Dresdner Bank."
] | train |
|
[
[
901,
36,
921,
46
],
[
576,
38,
891,
45
],
[
96,
129,
223,
139
],
[
913,
130,
918,
134
],
[
731,
130,
776,
139
],
[
776,
130,
788,
139
],
[
789,
130,
804,
139
],
[
865,
130,
911,
139
],
[
96,
158,
481,
168
],
[
784,
158,
804,
168
],
[
889,
158,
911,
168
],
[
96,
173,
390,
183
],
[
783,
173,
804,
183
],
[
887,
173,
911,
183
],
[
96,
189,
353,
199
],
[
784,
189,
804,
199
],
[
881,
189,
911,
199
],
[
96,
204,
302,
214
],
[
797,
204,
804,
214
],
[
889,
204,
910,
214
],
[
96,
220,
383,
230
],
[
790,
220,
804,
230
],
[
881,
220,
911,
230
],
[
96,
235,
231,
245
],
[
783,
235,
804,
245
],
[
881,
235,
911,
245
],
[
96,
251,
286,
261
],
[
791,
251,
803,
261
],
[
881,
251,
911,
261
],
[
96,
266,
238,
276
],
[
792,
266,
803,
276
],
[
888,
266,
911,
276
],
[
96,
282,
377,
292
],
[
797,
282,
804,
292
],
[
887,
282,
911,
292
],
[
96,
297,
402,
307
],
[
797,
297,
804,
307
],
[
881,
297,
911,
307
],
[
96,
313,
300,
323
],
[
773,
313,
804,
323
],
[
887,
313,
911,
323
],
[
96,
328,
327,
338
],
[
774,
328,
804,
338
],
[
887,
328,
911,
338
],
[
96,
344,
320,
354
],
[
775,
344,
804,
354
],
[
881,
344,
911,
354
],
[
96,
359,
194,
369
],
[
784,
359,
804,
369
],
[
881,
359,
911,
369
],
[
96,
375,
322,
385
],
[
797,
375,
804,
385
],
[
887,
375,
911,
385
],
[
96,
390,
283,
401
],
[
791,
390,
803,
401
],
[
887,
390,
911,
401
],
[
96,
406,
331,
416
],
[
791,
406,
803,
416
],
[
887,
406,
911,
416
],
[
96,
421,
405,
432
],
[
797,
421,
804,
432
],
[
881,
421,
911,
432
],
[
96,
437,
387,
447
],
[
790,
437,
804,
447
],
[
887,
437,
911,
447
],
[
96,
452,
346,
463
],
[
784,
452,
804,
463
],
[
881,
452,
911,
463
],
[
96,
468,
290,
478
],
[
791,
468,
804,
478
],
[
887,
468,
911,
478
],
[
96,
483,
402,
494
],
[
797,
483,
804,
494
],
[
881,
483,
911,
494
],
[
96,
499,
395,
509
],
[
797,
499,
804,
509
],
[
881,
499,
911,
509
],
[
96,
514,
422,
525
],
[
790,
514,
804,
525
],
[
881,
514,
911,
525
],
[
96,
530,
444,
540
],
[
784,
530,
804,
540
],
[
881,
530,
911,
540
],
[
96,
546,
358,
556
],
[
792,
546,
804,
556
],
[
881,
546,
911,
556
],
[
96,
561,
265,
571
],
[
797,
561,
804,
571
],
[
881,
561,
911,
571
],
[
96,
577,
269,
587
],
[
786,
577,
803,
587
],
[
881,
577,
911,
587
],
[
96,
592,
412,
602
],
[
790,
592,
804,
602
],
[
889,
592,
911,
602
],
[
96,
608,
333,
618
],
[
774,
608,
804,
618
],
[
881,
608,
911,
618
],
[
96,
623,
244,
633
],
[
790,
623,
804,
633
],
[
887,
623,
911,
633
],
[
96,
639,
387,
649
],
[
790,
639,
804,
649
],
[
881,
639,
911,
649
],
[
96,
654,
258,
664
],
[
784,
654,
804,
664
],
[
887,
654,
911,
664
],
[
96,
670,
293,
680
],
[
790,
670,
804,
680
],
[
881,
670,
911,
680
],
[
96,
685,
271,
695
],
[
797,
685,
804,
695
],
[
881,
685,
911,
695
],
[
96,
701,
260,
711
],
[
790,
701,
804,
711
],
[
881,
701,
911,
711
],
[
96,
716,
290,
726
],
[
792,
716,
803,
726
],
[
881,
716,
910,
726
],
[
96,
732,
317,
742
],
[
790,
732,
804,
742
],
[
881,
732,
911,
742
],
[
96,
747,
343,
757
],
[
797,
747,
804,
757
],
[
881,
747,
911,
757
],
[
96,
763,
399,
773
],
[
785,
763,
804,
773
],
[
889,
763,
911,
773
],
[
96,
778,
261,
788
],
[
797,
778,
804,
788
],
[
881,
778,
911,
788
],
[
96,
794,
327,
804
],
[
790,
794,
804,
804
],
[
881,
794,
911,
804
],
[
96,
809,
258,
819
],
[
792,
809,
803,
819
],
[
888,
809,
911,
819
],
[
96,
825,
106,
835
],
[
109,
825,
370,
835
],
[
791,
825,
804,
835
],
[
887,
825,
911,
835
],
[
96,
853,
100,
857
],
[
105,
853,
694,
861
]
] | [
6,
6,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
2,
2
] | [
"177",
"NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS",
"Operating subsidiaries",
"*)",
"Equity in ",
"¤ ",
"mn",
"% owned",
"Allianz Subalpina Società di Assicurazioni e Riassicurazioni S. p. A., Turin",
"189",
"97.9",
"Allianz Suisse Lebensversicherungs-Gesellschaft, Zurich",
"266",
"99.9",
"Allianz Suisse Versicherungs-Gesellschaft, Zurich",
"574",
"100.0",
"Allianz Tiriac Insurance S. A. , Bukarest",
"8",
"51.6",
"Allianz Underwriters Insurance Company, Los Angeles",
"45",
"100.0",
"Allianz (UK) Ltd., London",
"658",
"100.0",
"Allianz Worldwide Care Ltd., Dublin",
"12",
"100.0",
"Allianz Zagreb d.d., Zagreb",
"10",
"52.1",
"Arab International Insurance Company S. A. E., Cairo",
"7",
"80.0",
"Arab International Life Assurance Company S. A. E., Cairo",
"6",
"100.0",
"Assurances Générales de France, Paris",
"6,080",
"63.5",
"Assurances Générales de France IART, Paris",
"2,231",
"99.9",
"Assurances Générales de France Vie, Paris",
"2,971",
"100.0",
"Banque AGF, Paris",
"449",
"100.0",
"Cadence Capital Management LLC, Boston",
"5",
"75.9",
"Colseguros Generales S. A., Bogota",
"12",
"99.9",
"Commercial Bank Allianz Bulgaria Ltd., Sofia",
"12",
"99.4",
"Compagnie d’Assurance de Protection Juridique S. A., Zug",
"6",
"100.0",
"Companhia de Seguros Allianz Portugal S. A., Lissabon",
"63",
"64.8",
"Dresdner Bank Luxembourg S. A., Luxembourg",
"572",
"100.0",
"Dresdner Bank (Schweiz) AG, Zurich",
"37",
"99.8",
"Dresdner International Management Services Ltd., Dublin",
"3",
"100.0",
"Dresdner Kleinwort Wasserstein (Japan) Ltd., Hongkong",
"3",
"100.0",
"Dresdner Kleinwort Wasserstein Securities SIM S. p. A., Milan",
"23",
"100.0",
"Dresdner Kleinwort Wasserstein (South East Asia) Ltd., Singapore",
"135",
"100.0",
"ELVIA Reiseversicherungs-Gesellschaft AG, Zurich",
"18",
"100.0",
"Euler Credito y Caution, Madrid",
"8",
"100.0",
"Euler Hermes S.F.A.C. S. A., Paris",
"318",
"100.0",
"Eurovida, S. A. Compañia de Seguros y Reaseguros, Madrid",
"36",
"51.0",
"Fireman’s Fund Insurance Company, Novato",
"3,578",
"100.0",
"GENIALLOYD S. p. A., Milan",
"32",
"99.9",
"International Reinsurance Company S. A., Luxembourg",
"32",
"100.0",
"Lloyd Adriatico S. p. A., Trieste",
"702",
"99.7",
"Mondial Assistance S. A., Paris Cedex",
"46",
"100.0",
"NFJ Investment Group LP, Dallas",
"2",
"100.0",
"Nicholas Applegate, San Diego",
"43",
"100.0",
"Oppenheimer Capital LLC, Delaware",
"16",
"100.0",
"Orbis Group Ltd., St. Peter Port/Guernsey",
"20",
"100.0",
"Ost-West Allianz Insurance Company, Moscow",
"2",
"100.0",
"Pacific Investment Management Company LLC, Delaware",
"131",
"91.0",
"PEA Capital LLC, New York City",
"3",
"100.0",
"PIMCO Advisors Distributors LLC, Delaware",
"35",
"100.0",
"Privatinvest Bank AG, Salzburg",
"14",
"74.0",
"P.",
"T. Asuransi Allianz Utama Indonesia p.l.c., Jakarta",
"13",
"75.4",
"*)",
"Percentage includes equity participations held by dependent enterprises in full, even if the Group’s share in this dependent enterprise is under 100%"
] | train |
|
[
[
709,
43,
894,
51
],
[
917,
43,
958,
50
],
[
676,
404,
957,
414
],
[
380,
404,
662,
414
],
[
84,
404,
366,
414
],
[
676,
419,
957,
429
],
[
380,
419,
662,
429
],
[
84,
419,
372,
429
],
[
676,
433,
957,
443
],
[
380,
433,
661,
443
],
[
84,
433,
366,
443
],
[
676,
448,
957,
458
],
[
380,
448,
667,
458
],
[
84,
448,
366,
458
],
[
676,
462,
957,
473
],
[
380,
462,
662,
473
],
[
84,
462,
372,
473
],
[
676,
477,
957,
487
],
[
380,
477,
662,
487
],
[
84,
477,
366,
487
],
[
690,
492,
957,
502
],
[
380,
492,
661,
502
],
[
84,
492,
366,
502
],
[
676,
506,
958,
516
],
[
380,
506,
662,
516
],
[
84,
506,
371,
516
],
[
676,
521,
957,
531
],
[
380,
521,
661,
531
],
[
84,
521,
366,
531
],
[
582,
535,
587,
542
],
[
613,
535,
618,
542
],
[
676,
535,
957,
545
],
[
380,
535,
582,
545
],
[
84,
535,
366,
545
],
[
591,
535,
613,
545
],
[
621,
535,
661,
545
],
[
676,
550,
957,
560
],
[
84,
550,
366,
560
],
[
380,
550,
459,
560
],
[
303,
564,
308,
571
],
[
360,
564,
366,
571
],
[
676,
564,
957,
574
],
[
84,
564,
303,
574
],
[
394,
564,
662,
574
],
[
313,
564,
360,
574
],
[
676,
579,
957,
589
],
[
380,
579,
668,
589
],
[
84,
579,
187,
589
],
[
676,
593,
958,
604
],
[
380,
593,
662,
604
],
[
98,
593,
366,
604
],
[
676,
608,
957,
618
],
[
380,
608,
662,
618
],
[
84,
608,
366,
618
],
[
676,
622,
957,
633
],
[
380,
622,
662,
633
],
[
84,
622,
366,
633
],
[
676,
637,
958,
647
],
[
380,
637,
662,
647
],
[
84,
637,
337,
647
],
[
347,
637,
366,
647
],
[
676,
652,
957,
662
],
[
380,
652,
662,
662
],
[
84,
652,
366,
662
],
[
609,
666,
619,
673
],
[
676,
666,
958,
676
],
[
380,
666,
609,
676
],
[
84,
666,
366,
676
],
[
623,
666,
662,
676
],
[
676,
681,
958,
691
],
[
84,
681,
366,
691
],
[
380,
681,
662,
691
],
[
676,
695,
849,
705
],
[
84,
695,
366,
705
],
[
380,
695,
662,
705
],
[
84,
710,
371,
720
],
[
380,
710,
662,
720
],
[
84,
724,
136,
734
],
[
380,
724,
661,
734
],
[
98,
739,
366,
749
],
[
380,
739,
662,
749
],
[
250,
753,
255,
760
],
[
293,
753,
298,
760
],
[
84,
753,
250,
764
],
[
380,
753,
492,
764
],
[
260,
753,
293,
764
],
[
303,
753,
366,
764
],
[
394,
768,
662,
778
],
[
84,
768,
366,
778
],
[
380,
783,
662,
793
],
[
84,
783,
366,
793
],
[
380,
797,
667,
807
],
[
84,
797,
366,
807
],
[
380,
812,
661,
822
],
[
84,
812,
366,
822
],
[
380,
826,
662,
836
],
[
84,
826,
366,
836
],
[
380,
841,
667,
851
],
[
84,
841,
366,
851
],
[
380,
855,
662,
865
],
[
84,
855,
366,
865
],
[
244,
869,
249,
877
],
[
288,
869,
294,
877
],
[
380,
870,
662,
880
],
[
84,
870,
244,
880
],
[
255,
870,
288,
880
],
[
299,
870,
366,
880
],
[
380,
884,
545,
895
],
[
84,
884,
366,
895
],
[
394,
899,
667,
909
],
[
84,
899,
228,
909
],
[
380,
913,
667,
924
],
[
98,
913,
366,
924
],
[
686,
926,
897,
933
],
[
676,
926,
680,
932
],
[
380,
928,
662,
938
],
[
84,
928,
366,
938
],
[
686,
935,
816,
943
],
[
676,
936,
684,
942
],
[
380,
943,
662,
953
],
[
84,
943,
366,
953
],
[
686,
945,
933,
952
],
[
676,
945,
684,
951
]
] | [
6,
6,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
2,
2,
10,
10,
2,
2,
10,
10,
2,
2
] | [
"Bombardier Inc. Annual Report 2003-04",
"page 27",
"customers significant advantages over anything",
"which received full type approval from Transport",
"Bombardier’s family of 50-, 70- and 86-seat",
"available from the competition in terms of opera-",
"Canada on March 12, 2004 and is scheduled to",
"Bombardier CRJ aircraft offers unparalleled ",
"tional efficiencies. There would have to be a clear",
"enter service during the fourth quarter of this year;",
"commonality and flexibility in terms of training,",
"market for such an aircraft and a strong business",
"delivery of the 600th Bombardier Challenger ",
"maintenance and crew scheduling that trans-",
"case for such a project from Bombardier’s per-",
"business jet in October 2003; delivery of the first",
"late into significantly lower operating costs ",
"spective before any decision to proceed is made.",
"Bombardier Challenger 300 aircraft on December",
"and increased profit opportunities for carriers.",
"While having achieved increased deliveries of",
"23, 2003; and on January 21, 2004, delivery of the",
"Moreover, with the market moving towards larger",
"both business and regional aircraft despite the",
"first Bombardier Learjet 40 business jet. Another",
"regional aircraft, the fact that Bombardier was ",
"challenging market conditions of fiscal year 2004,",
"positive development was the government of Italy’s",
"the first to have 70- and 86-seat models in serv-",
"*",
"*",
"there are still significant challenges ahead. One",
"purchase of three more Bombardier",
"ice represents a clear advantage. Seven out of",
"415",
"amphi-",
"of the issues Bombardier Aerospace will continue",
"the world’s 10 largest commercial airlines operate",
"bious aircraft.",
"*",
"*",
"to address is the necessity to ensure the avail-",
"Bombardier CRJ200 and Bombardier",
"Moreover, the group will be adding 17 new",
"CRJ700",
"ability of financing for regional aircraft. This remains",
"Challenger 300 aircraft to the Bombardier ",
"regional airliners.",
"a crucial consideration given the financial con-",
"Flexjet fleet over the next few months. As of late",
"As of January 31, 2004, 143 of the larger",
"straints carriers face. In addition, the group will",
"March 2004, the four Bombardier Challenger 300",
"Bombardier CRJ700 and Bombardier CRJ900",
"continue to build a more responsive, customer-",
"in the Bombardier Flexjet fleet had flown more",
"aircraft were already flying. Two of the recent deliv-",
"focused organization, providing exceptional",
"than 900 hours, while the Learjet 40 in the fleet",
"eries were to Shandong Airlines—making",
"the",
"service to support its innovative products—the",
"had flown more than 200 hours. Bombardier",
"Bombardier CRJ700 the first 70-seat regional jet",
"**",
"new spare parts initiative reflects this commit-",
"recently partnered with the Delta AirElite",
"to become operational in China or, indeed, any-",
"private",
"ment—while concurrently reducing costs to",
"where in the Asia-Pacific region. The Corporation",
"jet membership program to make its Flexjet frac-",
"increase its competitiveness.",
"is confident that demand for its market-leading",
"tional ownership program even more accessible.",
"family of regional jets will continue for years ",
"As well, the Bombardier Skyjet charter program",
"to come.",
"has been extended to Europe, enabling customers",
"There also is significant market interest in the",
"to enjoy the many benefits of private air travel at",
"*",
"*",
"new-generation Bombardier",
"an affordable price.",
"Q400",
"turboprop.",
"Over the next 12 months, Bombardier will also",
"The 70-seater offers all the comfort characteristics",
"be studying the feasibility of proceeding with the",
"of a jet, combined with the lowest seat-mile costs",
"development of a new-generation commercial ",
"of any regional aircraft operating today. U.K.-",
"aircraft. Gary R. Scott, a long-time senior executive",
"based FlyBE. ordered 17 additional Bombardier",
"at The Boeing Company, has been appointed",
"Q400 aircraft during the last fiscal year and Japan-",
"President, New Commercial Aircraft Program, ",
"based All Nippon Airways added two more to its",
"with the responsibility for leading a multidiscipli-",
"fleet. Meanwhile, Australia’s Qantas signed for six",
"*",
"*",
"nary task force that will thoroughly evaluate the",
"50-passenger Bombardier",
"Q300",
"turboprops",
"potential of such a program.",
"and, subsequent to year end, converted an option",
"As you might expect from the Corporation ",
"into a seventh firm order.",
"that revolutionized regional air travel with the ",
"Other noteworthy achievements at Aerospace",
"Trademark(s) of Bombardier Inc. or its subsidiaries.",
"*",
"Bombardier CRJ, the aim is to develop a truly ad-",
"during the year under review included: the suc-",
"SAP is a trademark of SAP AG.",
"**",
"vanced new commercial aircraft that would offer",
"cessful first flight of the Bombardier Global 5000,",
"Delta AirElite is a trademark of Delta Corporate Identity, Inc.",
"**"
] | train |
|
[
[
49,
32,
194,
48
],
[
98,
233,
111,
245
],
[
703,
233,
883,
245
],
[
98,
259,
465,
272
],
[
681,
259,
883,
272
],
[
98,
286,
504,
298
],
[
727,
286,
881,
298
],
[
98,
312,
446,
325
],
[
695,
312,
832,
325
],
[
98,
339,
487,
351
],
[
98,
368,
294,
377
],
[
511,
368,
880,
378
],
[
98,
384,
110,
393
],
[
113,
384,
243,
393
],
[
511,
384,
883,
393
],
[
98,
399,
468,
409
],
[
511,
399,
899,
409
],
[
98,
415,
480,
425
],
[
511,
415,
880,
425
],
[
98,
431,
478,
441
],
[
511,
431,
883,
441
],
[
98,
447,
480,
456
],
[
511,
447,
674,
456
],
[
98,
462,
465,
472
],
[
98,
478,
486,
488
],
[
511,
478,
635,
488
],
[
98,
494,
471,
504
],
[
511,
494,
896,
504
],
[
98,
510,
466,
519
],
[
511,
510,
872,
519
],
[
98,
526,
466,
535
],
[
511,
526,
884,
535
],
[
98,
541,
259,
551
],
[
511,
541,
882,
551
],
[
98,
557,
110,
567
],
[
113,
557,
283,
567
],
[
511,
557,
901,
567
],
[
98,
573,
484,
582
],
[
511,
573,
869,
583
],
[
98,
589,
478,
598
],
[
98,
604,
486,
614
],
[
511,
604,
623,
614
],
[
98,
620,
219,
630
],
[
511,
620,
523,
630
],
[
527,
620,
588,
630
],
[
98,
636,
110,
646
],
[
113,
636,
400,
646
],
[
511,
636,
839,
646
],
[
98,
652,
475,
661
],
[
511,
652,
892,
661
],
[
98,
667,
468,
677
],
[
511,
667,
897,
677
],
[
98,
683,
426,
693
],
[
426,
683,
461,
693
],
[
511,
683,
894,
693
],
[
98,
699,
190,
709
],
[
194,
699,
477,
709
],
[
511,
699,
870,
709
],
[
98,
715,
466,
724
],
[
511,
715,
899,
724
],
[
98,
730,
467,
740
],
[
511,
730,
891,
740
],
[
98,
746,
442,
756
],
[
511,
746,
875,
756
],
[
98,
762,
473,
772
],
[
511,
762,
893,
772
],
[
98,
778,
273,
787
],
[
511,
778,
903,
787
],
[
98,
793,
110,
803
],
[
113,
793,
253,
803
],
[
511,
793,
523,
803
],
[
527,
793,
587,
803
],
[
98,
809,
485,
819
],
[
511,
809,
890,
819
],
[
98,
825,
332,
835
],
[
511,
825,
893,
835
],
[
511,
841,
886,
850
],
[
98,
857,
266,
866
],
[
511,
857,
834,
866
],
[
98,
872,
451,
882
],
[
511,
872,
668,
882
],
[
98,
888,
479,
898
],
[
511,
900,
898,
907
],
[
98,
904,
476,
914
],
[
517,
910,
594,
917
],
[
98,
920,
478,
929
],
[
49,
963,
61,
974
],
[
64,
963,
221,
974
]
] | [
6,
10,
10,
10,
10,
10,
10,
10,
10,
10,
8,
10,
8,
8,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
8,
10,
10,
10,
10,
10,
10,
10,
10,
8,
8,
10,
10,
10,
10,
10,
8,
10,
8,
8,
8,
8,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
8,
8,
8,
8,
10,
10,
10,
10,
10,
8,
10,
10,
10,
10,
2,
10,
2,
10,
5,
5
] | [
"Environment",
"In",
"May 2002, Fuji Heavy Industries Ltd. formulated its new voluntary environmental plan, the",
"“FHI Environmental Conservation Program”",
"(fiscal 2003 to fiscal 2007), to promote activities",
"aimed at reducing the burden on the environment",
"at every stage of business—from product",
"development to procurement, production,",
"use, and disposal. In addition, the Group as",
"a whole has also begun to address this issue.",
"Environmental Management",
"are conducting ongoing cleanup activities at all manufacturing",
"1.",
"Environmental Audit",
"divisions, interacting and initiating dialogues with the people of",
"Following the Gunma, Saitama and Utsunomiya Manufacturing",
"each region in which the Company operates, and making efforts,",
"divisions, which have all been evaluated and maintain ISO 14001",
"contributions, and support to coexist in harmony. We are also",
"environmental certification, both the corporate headquarters and",
"actively taking part in various eco-friendly events, including the",
"Tokyo office commenced activities to obtain ISO 14001 certifica-",
"Low Emission Vehicle Fair. ",
"tion in April 2003. Furthermore, aside from this kind of external",
"environmental audit, the Company has introduced its own internal",
"Health and Safety",
"environmental risk assessment and environmental performance",
"FHI is working to ensure the safety of all employees and to create",
"evaluation system to minimize environmental risks, and to take",
"a working environment that is both safe and comfortable. To",
"pollution prevention and activities to conserve the environment",
"completely eliminate occupational hazards, the Company con-",
"advancing to the next level.",
"ducts ongoing measures to improve the working environment,",
"2.",
"Environmental Accounting",
"activities to prevent traffic accidents, programs to optimally assure",
"In the fiscal year ending March 31, 2003, the environmental costs",
"employees’ physical and mental health, and other initiatives.",
"were ¥26,017 million (¥25,378 million in the previous fiscal year)",
"and the economic effects were ¥1,226 million (¥976 million in the",
"Group Activities",
"previous fiscal year).",
"1.",
"Domestic",
"3.",
"Corporate Environment Management Survey",
"In Group affiliated companies, FHI has been holding an",
"During the fiscal year under review, FHI improved its rank in the",
"Environmental Problem Meeting periodically with seven affiliated",
"Nihon Keizai Shimbun Inc.’s Eco-Oriented Business survey. In",
"companies whose manufacturing or transporting business greatly",
"the corporate environmental ranking announced in the ",
"Nihon",
"impact the environment since 1999. Furthermore, in fiscal 2003,",
"Keizai Shimbun",
"newspaper on December 10, 2002, FHI ranked",
"the Domestic Affiliated Companies Subcommittee under the",
"64th out of 703 manufacturers and 4th out of 11 automakers,",
"Production Environment Committee, one of the expert committees",
"a noteworthy improvement from the prior fiscal year, when FHI",
"of the Corporate Environment Committee, started offering guid-",
"ranked 103rd out of 820 manufacturers and 8th out of 11",
"ance and support in reducing the environmental burden of all",
"automakers. In fiscal 2004, the Company will continue to strive",
"Group companies. In addition, Chiba Subaru Inc., an authorized",
"to further improve its ranking.",
"Subaru dealership, obtained ISO 14001 certification in March 2003. ",
"4.",
"Environmental Report",
"2.",
"Overseas",
"FHI has published an environmental report every year since fiscal",
"In fiscal 2003, to enhance cooperation in environmental protec-",
"2000, including the fiscal 2003 edition. ",
"tion, the Company established the North American Environment",
"Committee—composed of FHI’s North American affiliates (SIA,",
"Social Action Programs ",
"SOA, SCI, SRD, and RMI)—as a part of the Corporate",
"As a good corporate citizen, FHI wishes to be a part of and",
"Environment Committee.* ",
"prosper together with the communities and surrounding regions",
"* At FHI, the Corporate Environment Committee is the highest committee related to environ-",
"where our plants carry out their daily manufacturing operations.",
"mental protection.",
"For this reason, to contribute to the improvement of society, we",
"18",
"FUJI HEAVY INDUSTRIES LTD."
] | train |
|
[
[
151,
74,
414,
96
],
[
645,
74,
788,
96
],
[
684,
74,
828,
96
],
[
148,
139,
197,
150
],
[
705,
139,
760,
150
],
[
348,
179,
429,
192
],
[
477,
179,
521,
192
],
[
521,
179,
544,
192
],
[
604,
179,
663,
192
],
[
735,
179,
770,
192
],
[
847,
179,
879,
192
],
[
148,
201,
177,
214
],
[
206,
215,
212,
224
],
[
148,
217,
206,
229
],
[
363,
217,
428,
229
],
[
481,
217,
545,
229
],
[
607,
217,
663,
229
],
[
733,
217,
781,
229
],
[
834,
217,
898,
229
],
[
148,
232,
254,
244
],
[
380,
232,
428,
244
],
[
498,
232,
545,
244
],
[
624,
232,
663,
244
],
[
737,
232,
785,
244
],
[
851,
232,
898,
244
],
[
148,
248,
234,
259
],
[
389,
248,
428,
259
],
[
506,
248,
545,
259
],
[
637,
248,
663,
259
],
[
755,
248,
780,
259
],
[
851,
248,
898,
259
],
[
148,
263,
261,
274
],
[
372,
263,
428,
274
],
[
489,
263,
545,
274
],
[
607,
263,
663,
274
],
[
729,
263,
785,
274
],
[
842,
263,
898,
274
],
[
148,
278,
205,
289
],
[
158,
293,
264,
304
],
[
385,
293,
428,
304
],
[
503,
293,
545,
304
],
[
621,
293,
663,
304
],
[
760,
293,
781,
304
],
[
856,
293,
898,
304
],
[
158,
308,
209,
320
],
[
385,
308,
428,
320
],
[
503,
308,
545,
320
],
[
621,
308,
663,
320
],
[
760,
308,
780,
320
],
[
856,
308,
898,
320
],
[
148,
329,
177,
342
],
[
148,
345,
206,
357
],
[
363,
345,
428,
357
],
[
489,
345,
545,
357
],
[
607,
345,
663,
357
],
[
733,
345,
780,
357
],
[
834,
345,
898,
357
],
[
148,
360,
254,
372
],
[
380,
360,
428,
372
],
[
498,
360,
545,
372
],
[
624,
360,
663,
372
],
[
737,
360,
785,
372
],
[
851,
360,
898,
372
],
[
148,
375,
234,
387
],
[
389,
375,
428,
387
],
[
506,
375,
545,
387
],
[
624,
375,
663,
387
],
[
755,
375,
780,
387
],
[
851,
375,
898,
387
],
[
148,
391,
261,
402
],
[
372,
391,
428,
402
],
[
489,
391,
545,
402
],
[
616,
391,
663,
402
],
[
729,
391,
785,
402
],
[
842,
391,
898,
402
],
[
148,
406,
205,
417
],
[
158,
421,
264,
432
],
[
385,
421,
428,
432
],
[
503,
421,
545,
432
],
[
621,
421,
663,
432
],
[
760,
421,
781,
432
],
[
856,
421,
898,
432
],
[
158,
436,
209,
447
],
[
385,
436,
428,
447
],
[
503,
436,
545,
447
],
[
621,
436,
663,
447
],
[
760,
436,
780,
447
],
[
856,
436,
898,
447
],
[
148,
466,
311,
478
],
[
158,
481,
264,
493
],
[
385,
481,
428,
493
],
[
525,
481,
545,
493
],
[
621,
481,
663,
493
],
[
760,
481,
780,
493
],
[
856,
481,
898,
493
],
[
158,
497,
209,
508
],
[
385,
497,
428,
508
],
[
525,
497,
545,
508
],
[
621,
497,
663,
508
],
[
760,
497,
780,
508
],
[
856,
497,
898,
508
],
[
148,
535,
373,
546
],
[
477,
535,
484,
546
],
[
510,
535,
519,
546
],
[
539,
535,
910,
546
],
[
148,
550,
158,
562
],
[
503,
550,
519,
562
],
[
539,
550,
910,
562
],
[
148,
565,
173,
577
],
[
496,
565,
499,
577
],
[
526,
565,
529,
577
],
[
539,
565,
910,
577
],
[
148,
580,
225,
592
],
[
444,
580,
451,
592
],
[
518,
580,
527,
592
],
[
539,
580,
909,
592
],
[
148,
596,
158,
607
],
[
503,
596,
519,
607
],
[
539,
596,
919,
607
],
[
148,
611,
297,
622
],
[
509,
611,
519,
622
],
[
539,
611,
918,
622
],
[
148,
626,
450,
637
],
[
450,
626,
519,
637
],
[
539,
626,
910,
637
],
[
148,
641,
488,
652
],
[
487,
641,
519,
652
],
[
539,
641,
910,
652
],
[
148,
656,
469,
668
],
[
496,
656,
519,
668
],
[
539,
656,
910,
668
],
[
148,
671,
196,
683
],
[
509,
671,
519,
683
],
[
539,
671,
910,
683
],
[
148,
686,
196,
698
],
[
508,
686,
519,
698
],
[
539,
686,
910,
698
],
[
148,
701,
294,
713
],
[
539,
701,
905,
713
],
[
148,
723,
179,
735
],
[
481,
723,
488,
735
],
[
512,
723,
519,
735
],
[
539,
723,
910,
735
],
[
148,
739,
507,
750
],
[
506,
739,
519,
750
],
[
539,
739,
909,
750
],
[
148,
754,
341,
765
],
[
508,
754,
519,
765
],
[
539,
754,
910,
765
],
[
148,
769,
461,
780
],
[
461,
769,
519,
780
],
[
539,
769,
910,
780
],
[
148,
784,
180,
795
],
[
480,
784,
483,
795
],
[
515,
784,
519,
795
],
[
539,
784,
909,
795
],
[
148,
799,
346,
811
],
[
468,
799,
473,
811
],
[
512,
799,
519,
811
],
[
539,
799,
595,
811
],
[
148,
814,
432,
826
],
[
148,
895,
152,
900
],
[
156,
896,
252,
903
],
[
507,
896,
914,
903
],
[
148,
911,
471,
918
],
[
651,
911,
909,
918
],
[
148,
926,
163,
933
],
[
541,
926,
903,
933
],
[
876,
962,
889,
973
],
[
893,
962,
970,
973
]
] | [
8,
8,
8,
10,
10,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
2,
2,
2,
2,
2,
2,
2,
5,
5
] | [
"MANAGEMENT’S",
"DISCUSSION & ANALYSIS",
"DISCUSSION AND ANALYSIS",
"Selected",
"financial information for the Newspaper Segment for the fourth quarter (in $000’s):",
"TORONTO STAR",
"METROL",
"AND",
"CITYMEDIA",
"OTHER",
"TOTAL",
"2004",
"8",
"Revenue",
"$125,672",
"$111,747",
"$44,720",
"$2,993",
"$285,132",
"Operating profit",
"20,569",
"21,481",
"9,797",
"(2,397)",
"49,450",
"Depreciation",
"8,459",
"1,910",
"882",
"652",
"11,903",
"Segment EBITDA",
"$29,028",
"$23,391",
"$10,679",
"($1,745)",
"$61,353",
"Margins:",
"Operating profit",
"16.4%",
"19.2%",
"21.9%",
"n/a",
"17.3%",
"EBITDA",
"23.1%",
"20.9%",
"23.9%",
"n/a",
"21.5%",
"2003",
"Revenue",
"$117,231",
"$89,948",
"$41,043",
"$2,610",
"$250,832",
"Operating profit",
"16,518",
"19,785",
"7,767",
"(1,902)",
"42,168",
"Depreciation",
"8,713",
"1,538",
"1,491",
"381",
"12,123",
"Segment EBITDA",
"$25,231",
"$21,323",
"$9,258",
"($1,521)",
"$54,291",
"Margins:",
"Operating profit",
"14.1%",
"22.0%",
"18.9%",
"n/a",
"16.8%",
"EBITDA",
"21.5%",
"23.7%",
"22.6%",
"n/a",
"21.6%",
"Restated 2003 Margins$^{8}$:",
"Operating profit",
"13.2%",
"n/a",
"18.3%",
"n/a",
"16.2%",
"EBITDA",
"20.1%",
"n/a",
"21.8%",
"n/a",
"20.8%",
"Advertising revenues at the Toronto",
"Star",
"were up slightly",
"Metroland’s revenues were up $21.8 million in the",
"in",
"the fourth quarter as a 10.2% increase in the effective",
"fourth quarter including $2.5 million from acquisitions.",
"line",
"rate",
"offset a 9.2% decrease in linage. National ",
"Advertising linage at the community newspapers was up",
"advertising",
"rose",
"3.6% but declines were experienced ",
"13.2% in the quarter, slightly offset by a 1.3% decrease in",
"in",
"each of retail, travel and classified, down 9.9%, 7.4%",
"the effective line rate. Distribution revenue was up ",
"and 13.5% respectively",
"Automotive advertising was down",
"$4.8 million or 22.3% in the fourth quarter as over ",
"12.8% (mostly classified) and employment ",
"advertising",
"700 million pieces were delivered. A portion of the",
"declined 6.4%. On-line advertising revenues at thestar",
".com",
"increase is timing resulting from an extra Friday (which is",
"and workopolis.com were up $0.6 million in the",
"fourth",
"the largest distribution day) in December 2004. This",
"quarter",
"Circulation revenues were up slightly in the",
"impact will reverse in the first quarter of 2005. Sing Tao",
"quarter",
"excluding the $8.1 million impact from the",
"and Metro had strong fourth quarters and contributed a",
"change in accounting.",
"combined $1.5 million of additional advertising revenue.",
"Lower",
"newsprint",
"consumption offset partially by higher",
"Metroland’s costs were up in the quarter, reflecting the",
"pricing reduced the Toronto Star’s paper costs by $1",
".2",
"increased costs related to the revenue growth from product",
"million in the fourth quarter",
"Labour costs were down",
"and geographic expansion. Depreciation expense was",
"$1.0 million as lower pension and long-term ",
"disability",
"$0.4 million higher in the fourth quarter of 2004 due to",
"costs",
"more",
"than offset general wage increases. Other",
"the new press that came on-line during the second quarter",
"costs were down $1.6 million",
"due",
"primarily to reduced",
"of 2004.",
"promotional activities in the fourth quarter.",
"8",
"Effective 2004, Torstar",
"has begun to report home delivery circulation revenues for the Toronto Star and CityMedia on a gross basis rather than net of certain distribution costs. ",
"The fourth quarter 2004 adjustment to revenue was $8.1 million for the Toronto",
"Star and $1.5 million for CityMedia. The 2003 results have not been restated for this change. The restated",
"2003",
"margins illustrate what the impact would have been on margins had the revenue been restated. For more details on the change, see the discussion in “Changes in Accounting Policies”.",
"33",
"TORSTAR 2004"
] | train |
|
[
[
760,
125,
863,
139
],
[
649,
125,
758,
139
],
[
357,
125,
598,
139
],
[
93,
125,
102,
141
],
[
105,
125,
234,
141
],
[
621,
147,
838,
161
],
[
357,
147,
589,
162
],
[
93,
150,
335,
165
],
[
621,
170,
687,
184
],
[
357,
170,
593,
184
],
[
93,
173,
318,
187
],
[
357,
192,
561,
207
],
[
741,
194,
789,
207
],
[
93,
195,
333,
210
],
[
480,
215,
600,
229
],
[
385,
215,
478,
229
],
[
802,
216,
822,
229
],
[
708,
216,
728,
229
],
[
93,
218,
320,
232
],
[
680,
236,
711,
249
],
[
723,
236,
760,
249
],
[
773,
236,
803,
249
],
[
817,
236,
853,
249
],
[
357,
238,
589,
252
],
[
93,
241,
325,
255
],
[
680,
252,
709,
266
],
[
724,
252,
759,
266
],
[
774,
252,
802,
266
],
[
818,
252,
853,
266
],
[
357,
260,
588,
274
],
[
93,
263,
329,
277
],
[
621,
273,
646,
287
],
[
357,
283,
581,
297
],
[
93,
286,
335,
300
],
[
628,
291,
648,
305
],
[
357,
305,
598,
319
],
[
93,
308,
332,
323
],
[
635,
309,
664,
322
],
[
635,
327,
668,
340
],
[
768,
327,
857,
340
],
[
674,
327,
763,
340
],
[
357,
328,
542,
342
],
[
93,
331,
318,
345
],
[
628,
344,
655,
358
],
[
458,
350,
599,
365
],
[
385,
350,
456,
365
],
[
93,
353,
336,
368
],
[
635,
362,
669,
376
],
[
803,
362,
810,
376
],
[
850,
362,
857,
376
],
[
690,
362,
716,
376
],
[
737,
362,
763,
376
],
[
357,
373,
597,
387
],
[
93,
376,
334,
390
],
[
628,
380,
667,
394
],
[
357,
395,
544,
410
],
[
635,
398,
677,
411
],
[
784,
398,
810,
411
],
[
831,
398,
857,
411
],
[
686,
398,
716,
411
],
[
732,
398,
763,
411
],
[
93,
399,
330,
413
],
[
628,
416,
680,
429
],
[
481,
418,
581,
432
],
[
385,
418,
479,
432
],
[
93,
421,
329,
435
],
[
635,
433,
657,
447
],
[
803,
433,
810,
447
],
[
850,
433,
857,
447
],
[
695,
433,
716,
447
],
[
742,
433,
763,
447
],
[
357,
441,
509,
455
],
[
93,
444,
334,
458
],
[
621,
462,
656,
475
],
[
473,
463,
598,
477
],
[
385,
463,
471,
478
],
[
121,
466,
335,
481
],
[
628,
479,
664,
493
],
[
357,
486,
592,
500
],
[
93,
489,
336,
503
],
[
635,
497,
670,
511
],
[
784,
497,
810,
511
],
[
831,
497,
857,
511
],
[
686,
497,
716,
511
],
[
732,
497,
763,
511
],
[
357,
508,
598,
523
],
[
93,
511,
335,
526
],
[
628,
515,
666,
529
],
[
357,
531,
591,
545
],
[
635,
533,
657,
546
],
[
779,
533,
810,
546
],
[
826,
533,
857,
546
],
[
686,
533,
716,
546
],
[
732,
533,
763,
546
],
[
93,
534,
332,
548
],
[
628,
551,
664,
564
],
[
359,
553,
543,
568
],
[
93,
556,
334,
571
],
[
628,
568,
644,
582
],
[
803,
568,
810,
582
],
[
850,
568,
857,
582
],
[
686,
568,
716,
582
],
[
732,
568,
763,
582
],
[
470,
576,
580,
590
],
[
385,
576,
468,
590
],
[
93,
579,
263,
593
],
[
621,
597,
666,
610
],
[
357,
599,
592,
613
],
[
121,
602,
335,
616
],
[
628,
614,
661,
628
],
[
357,
621,
594,
635
],
[
93,
624,
333,
638
],
[
628,
632,
646,
646
],
[
784,
632,
810,
646
],
[
831,
632,
857,
646
],
[
690,
632,
716,
646
],
[
737,
632,
763,
646
],
[
357,
644,
582,
658
],
[
93,
647,
322,
661
],
[
357,
666,
588,
681
],
[
93,
669,
323,
684
],
[
357,
689,
595,
703
],
[
93,
710,
102,
726
],
[
106,
710,
296,
726
],
[
357,
711,
589,
726
],
[
357,
734,
594,
748
],
[
93,
735,
330,
750
],
[
357,
757,
408,
771
],
[
93,
758,
326,
772
],
[
458,
779,
599,
793
],
[
385,
779,
456,
794
],
[
93,
780,
318,
795
],
[
621,
801,
630,
812
],
[
632,
801,
864,
812
],
[
357,
802,
454,
816
],
[
93,
803,
335,
817
],
[
621,
815,
760,
826
],
[
448,
824,
583,
839
],
[
385,
824,
446,
839
],
[
93,
826,
323,
840
],
[
621,
834,
631,
845
],
[
634,
834,
864,
845
],
[
357,
847,
596,
861
],
[
621,
848,
864,
859
],
[
93,
848,
333,
862
],
[
621,
862,
718,
873
],
[
357,
869,
589,
884
],
[
93,
871,
335,
885
],
[
621,
881,
631,
892
],
[
633,
881,
864,
892
],
[
357,
892,
440,
906
],
[
621,
895,
719,
906
],
[
949,
922,
967,
936
]
] | [
10,
10,
10,
8,
8,
10,
10,
10,
10,
10,
10,
10,
9,
10,
10,
10,
9,
9,
10,
9,
9,
9,
9,
10,
10,
9,
9,
9,
9,
10,
10,
9,
10,
10,
9,
10,
10,
9,
9,
9,
9,
10,
10,
9,
10,
10,
10,
9,
9,
9,
9,
9,
10,
10,
9,
10,
9,
9,
9,
9,
9,
10,
9,
10,
10,
10,
9,
9,
9,
9,
9,
10,
10,
9,
10,
10,
10,
9,
10,
10,
9,
9,
9,
9,
9,
10,
10,
9,
10,
9,
9,
9,
9,
9,
10,
9,
10,
10,
9,
9,
9,
9,
9,
10,
10,
10,
9,
10,
10,
9,
10,
10,
9,
9,
9,
9,
9,
10,
10,
10,
10,
10,
8,
8,
10,
10,
10,
10,
10,
10,
10,
10,
2,
2,
10,
10,
2,
10,
10,
10,
2,
2,
10,
2,
10,
2,
10,
10,
2,
2,
10,
2,
5
] | [
"– The redeemable preferred",
"Redeemable Preferred Stock",
"herein are not necessarily indicative of the amount the Company",
"13.",
"INVESTMENT IN AFFILIATES",
"stock is valued at the redemption value at the mandatory",
"could realize in a current market exchange. The use of different",
"As a result of the acquisition of Financial Guaranty, the Company",
"redemption date.",
"market assumptions or estimation methodologies could have ",
"owns a 46.0% interest in Credit-Based Asset Servicing and",
"a material effect on the estimated fair value amounts.",
"December 31",
"Securitization LLC (“C-BASS”) and a 45.5% interest in Sherman",
"– The fair values of fixed maturity",
"Fixed Maturity Securities",
"2000",
"2001",
"Financial Group LLC (“Sherman”). C-BASS is engaged in the",
"Carrying ",
"Estimated",
"Carrying",
"Estimated",
"securities and equity securities, are based on quoted market",
"purchasing, servicing and/or securitization of special assets,",
"Amount",
"Fair Value",
"Amount",
"Fair Value",
"prices or dealer quotes. For investments that are not publicly",
"including sub-performing/non-performing and seller-financed",
"Assets:",
"traded, management has made estimates of fair value that",
"residential mortgages, real estate and subordinated residential",
"Fixed ",
"consider investees’ financial results, conditions and prospects,",
"mortgage-based securities. Sherman conducts a business that",
"maturity",
"securities",
"$1,654,633 $1,675,834",
"$3,129,718 $3,149,482",
"and the values of comparable public companies.",
"focuses on purchasing and servicing delinquent unsecured",
"Trading ",
"– The fair values of trading securities",
"Trading Securities",
"consumer assets. At December 31, 2001, C-BASS had total assets",
"Securities",
"—",
"—",
"21,659",
"21,659",
"are based on quoted market prices, dealer quotes or estimates",
"of $1,290,425,000 and total liabilities of $1,005,907,000. C-BASS",
"Short-term ",
"using quoted market prices for similar securities.",
"investments",
"95,824",
"95,824",
"210,788",
"210,788",
"had net income for 2001 of $86,481,000. At December 31, 2001,",
"Other invested ",
"– Fair values of short-term",
"Short-Term Investments",
"Sherman had total assets of $287,826,297 and total liabilities",
"assets",
"—",
"—",
"7,310",
"7,310",
"investments are assumed to equal cost.",
"of $203,051,815. Sherman had net income for 2001 of $10,624,267.",
"Liabilities:",
"– The fair value of other invested",
"Other Invested Assets",
"The Company owns a 36.5% interest in EIC Corporation Ltd.",
"Unearned ",
"assets, residential mortgage-backed securities, is based on the",
"(“Exporters”), an insurance holding company which, through its",
"premiums",
"77,241",
"77,241",
"513,932",
"456,018",
"present value of the estimated net future cash flows, including",
"wholly-owned insurance subsidiary licensed in Bermuda, insures",
"Reserve for",
"annual distributions and net cash proceeds from the exercise",
"losses",
"390,021",
"390,021",
"588,643",
"588,643",
"foreign trade receivables. At December 31, 2001, Exporters had",
"Long-term ",
"of call rights, using relevant market information.",
"total assets of $168,924,333 and total liabilities of $114,239,333.",
"debt",
"—",
"—",
"324,076",
"346,333",
"– In the mortgage insurance",
"Unearned Premiums",
"Exporters had a loss for 2001 of $2,240,000.",
"Redeemable ",
"business, as the majority of the premiums received are cash",
"The Company accounts for its investment in these affiliates",
"preferred ",
"basis, the fair value is assumed to equal the book value. The",
"in accordance with the equity method of accounting as the control",
"stock",
"40,000",
"40,000",
"40,000",
"40,000",
"fair value of unearned premiums in the financial guaranty",
"of these affiliates does not rest with the Company and since ",
"insurance business, net of prepaid reinsurance premiums, ",
"the other shareholders have substantial participating rights.",
"is based on the estimated cost of entering into a cession of the",
"14.",
"FAIR VALUE OF FINANCIAL INSTRUMENTS",
"entire portfolio with third-party reinsurers under current market",
"conditions, adjusted for ceding commissions based on current",
"The fair value of a financial instrument is the current amount",
"market rates.",
"that would be exchanged between two willing parties, other",
"– The carrying amount is a reasonable",
"Reserve for Losses",
"than in a forced liquidation. Fair value is best determined",
"(1)",
"Diluted net income per share and average shares outstanding per SFAS",
"estimate of the fair value.",
"based upon quoted market prices. However, in many instances,",
"No. 128, “Earnings Per Share.” See note 1.",
"– The fair value is estimated based ",
"Long-Term Debt",
"there are no quoted market prices available. In those cases, ",
"(2)",
"Net income per share is computed independently for each period",
"on the quoted market prices for the same or similar issue or on",
"presented. Consequently, the sum of the quarters may not equal the total net",
"fair values are based on estimates using present value or other",
"income per share for the year.",
"the current rates offered to the Company for debt of the same",
"valuation methodologies. Accordingly, the estimates presented ",
"(3)",
"All share and per share amounts have been restated to reflect a 2-for-1",
"remaining maturities.",
"stock split in 2001. See note 1.",
"> 37"
] | train |
|
[
[
69,
37,
76,
45
],
[
93,
38,
230,
45
],
[
60,
152,
261,
165
],
[
60,
192,
132,
202
],
[
132,
192,
303,
202
],
[
308,
192,
433,
202
],
[
479,
192,
499,
202
],
[
531,
192,
559,
202
],
[
563,
192,
878,
202
],
[
479,
212,
531,
222
],
[
798,
212,
856,
222
],
[
60,
212,
454,
222
],
[
479,
232,
508,
242
],
[
507,
232,
873,
242
],
[
60,
232,
457,
242
],
[
479,
251,
493,
261
],
[
493,
251,
530,
261
],
[
523,
251,
847,
261
],
[
60,
251,
328,
261
],
[
500,
313,
555,
321
],
[
464,
325,
509,
333
],
[
503,
325,
555,
333
],
[
637,
325,
663,
333
],
[
741,
325,
767,
333
],
[
803,
325,
865,
333
],
[
60,
326,
264,
333
],
[
60,
345,
114,
355
],
[
80,
365,
184,
374
],
[
525,
365,
555,
374
],
[
627,
365,
663,
374
],
[
731,
365,
767,
374
],
[
831,
365,
865,
374
],
[
80,
383,
129,
393
],
[
525,
383,
555,
393
],
[
627,
383,
663,
393
],
[
731,
383,
767,
393
],
[
827,
383,
869,
393
],
[
80,
403,
153,
413
],
[
525,
403,
555,
413
],
[
627,
403,
663,
413
],
[
731,
403,
767,
413
],
[
831,
403,
865,
413
],
[
80,
423,
116,
432
],
[
525,
423,
555,
432
],
[
627,
423,
663,
432
],
[
731,
423,
767,
432
],
[
831,
423,
865,
432
],
[
80,
443,
197,
452
],
[
525,
443,
555,
452
],
[
627,
443,
663,
452
],
[
731,
443,
767,
452
],
[
831,
443,
865,
452
],
[
80,
462,
292,
472
],
[
533,
462,
555,
472
],
[
635,
462,
663,
472
],
[
739,
462,
767,
472
],
[
831,
462,
865,
472
],
[
80,
482,
220,
492
],
[
533,
482,
555,
492
],
[
635,
482,
663,
492
],
[
739,
482,
767,
492
],
[
831,
482,
865,
492
],
[
80,
502,
156,
511
],
[
533,
502,
555,
511
],
[
635,
502,
663,
511
],
[
739,
502,
767,
511
],
[
831,
502,
865,
511
],
[
80,
522,
203,
531
],
[
533,
522,
555,
531
],
[
643,
522,
663,
531
],
[
747,
522,
767,
531
],
[
819,
522,
869,
531
],
[
80,
540,
116,
550
],
[
529,
540,
559,
550
],
[
639,
540,
667,
550
],
[
736,
540,
771,
550
],
[
60,
559,
468,
568
],
[
517,
559,
555,
568
],
[
615,
559,
663,
568
],
[
731,
559,
767,
568
],
[
60,
577,
208,
587
],
[
627,
577,
663,
587
],
[
731,
577,
767,
587
],
[
60,
596,
273,
605
],
[
627,
596,
663,
605
],
[
731,
596,
767,
605
],
[
60,
655,
425,
665
],
[
478,
655,
503,
665
],
[
821,
655,
854,
665
],
[
60,
675,
405,
685
],
[
478,
675,
508,
685
],
[
623,
675,
806,
685
],
[
60,
695,
241,
705
],
[
241,
695,
453,
705
],
[
478,
695,
545,
705
],
[
645,
695,
820,
705
],
[
60,
714,
417,
724
],
[
478,
714,
529,
724
],
[
605,
714,
664,
724
],
[
60,
734,
432,
744
],
[
60,
840,
82,
850
],
[
672,
840,
700,
850
],
[
60,
852,
121,
861
],
[
673,
852,
695,
861
],
[
60,
864,
236,
873
],
[
532,
864,
677,
873
],
[
60,
876,
238,
885
],
[
674,
876,
695,
885
],
[
60,
887,
76,
897
],
[
674,
887,
695,
897
],
[
60,
899,
109,
908
],
[
643,
899,
698,
908
],
[
60,
911,
479,
920
],
[
572,
911,
650,
920
],
[
60,
922,
515,
932
],
[
515,
922,
641,
932
]
] | [
6,
6,
8,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2
] | [
"2",
"VORNADO REALTY TRUST",
"To Our Shareholders",
"Vornado’s ",
"Funds From Operations",
"for the year ended",
"Net",
"Income",
"applicable to common shares for the year ended",
"December",
"31, 2003 was $439.9 million, $3.80 per diluted",
"December 31, 2003 was $518.2 million, $4.44 per diluted",
"shar",
"e, versus $209.7 million, $1.91 per diluted share, for the",
"share, compared to $439.8 million, $3.91 per diluted share,",
"pr",
"evious",
"year. Here are the financial results by segment:",
"for the year ended December 31, 2002.",
"% of 2003",
"Adjusted",
"EBITDA",
"2003",
"2002",
"Same Store",
"($ IN MILLIONS, EXCEPT PER SHARE DATA)",
"EBITDA:",
"New York Office",
"31%",
"331.2",
"320.9",
"3.3%",
"CESCR",
"28%",
"292.3",
"289.7",
"(1.7%)",
"Total Office",
"59%",
"623.5",
"610.6",
"1.0%",
"Retail",
"13%",
"138.9",
"113.9",
"4.5%",
"Merchandise Mart",
"11%",
"117.9",
"108.1",
"4.1%",
"Temperature Controlled Logistics",
"7%",
"78.0",
"69.8",
"4.8%",
"Newkirk Joint Venture",
"7%",
"76.9",
"69.6",
"3.9%",
"Alexander's",
"3%",
"23.0",
"39.4",
"4.0%",
"Hotel Pennsylvania",
"1%",
"4.6",
"7.6",
"(39.5%)",
"Other",
"(1%)",
"(9.1)",
"(57.2)",
"EBITDA before minority interest and gains on sale of real estate",
"100%",
"1,053.7",
"961.8",
"Funds from Operations",
"518.2",
"439.8",
"Funds from Operations per share",
"$4.44",
"$3.91",
"Internally, at budget meetings and such, Joe Macnow",
"bad,",
"but I admit we sometimes have a few too many of",
"uses as an earnings metric Funds from Operations",
"them.",
"The following chart reconciles Funds from",
"Adjusted for Comparability",
". This metric allows us to focus",
"Operations",
"as Reported to Funds from Operations",
"on the core business by eliminating certain one-time",
"Adjusted",
"for Comparability:",
"items. One-timers are inevitable, can be either good or",
"This",
"letter and this Annual Report contain forward-looking statements as such term is defined in Section",
"27A of the",
"Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,",
"as amended. Forward-looking",
"statements are not guarantees of performance. The Company’s future",
"results, financial condition and",
"business may differ materially from those expressed in these forward look-",
"ing",
"statements. These forward looking statements are subject to numerous assumptions, risks and uncer-",
"tainties.",
"Many of the factors that will determine these items are beyond our ability to control or predict. For",
"further discussion of these factors, see “Forward Looking Statements”",
"and “Item 1. Business-Risk",
"Factors” in the Company’s annual report on Form 10-K for the year ended ",
"December 31, 2003."
] | train |
|
[
[
86,
55,
336,
63
],
[
835,
55,
926,
63
],
[
116,
80,
488,
90
],
[
521,
80,
896,
90
],
[
86,
95,
433,
105
],
[
521,
95,
892,
105
],
[
86,
110,
145,
120
],
[
86,
110,
145,
120
],
[
521,
110,
906,
120
],
[
239,
121,
320,
129
],
[
239,
121,
320,
129
],
[
399,
124,
438,
133
],
[
521,
125,
923,
135
],
[
203,
136,
238,
144
],
[
304,
136,
333,
144
],
[
349,
136,
369,
144
],
[
389,
136,
438,
144
],
[
476,
136,
490,
144
],
[
521,
141,
907,
150
],
[
224,
147,
238,
156
],
[
257,
147,
277,
156
],
[
295,
147,
333,
156
],
[
349,
147,
369,
156
],
[
392,
147,
438,
156
],
[
460,
147,
490,
156
],
[
521,
156,
906,
166
],
[
86,
163,
171,
172
],
[
521,
171,
921,
181
],
[
99,
176,
148,
184
],
[
225,
176,
249,
184
],
[
271,
176,
288,
184
],
[
327,
176,
344,
184
],
[
355,
176,
380,
184
],
[
424,
176,
448,
184
],
[
476,
176,
501,
184
],
[
521,
186,
923,
196
],
[
86,
188,
129,
197
],
[
232,
188,
238,
197
],
[
271,
188,
277,
197
],
[
327,
188,
333,
197
],
[
355,
188,
369,
197
],
[
431,
188,
438,
197
],
[
476,
188,
490,
197
],
[
118,
199,
130,
204
],
[
86,
201,
118,
209
],
[
232,
201,
238,
209
],
[
271,
201,
277,
209
],
[
327,
201,
333,
209
],
[
363,
201,
369,
209
],
[
416,
201,
438,
209
],
[
468,
201,
490,
209
],
[
521,
201,
915,
211
],
[
86,
213,
156,
222
],
[
521,
216,
876,
226
],
[
99,
226,
143,
235
],
[
521,
232,
894,
241
],
[
99,
239,
149,
247
],
[
232,
239,
238,
247
],
[
271,
239,
277,
247
],
[
327,
239,
333,
247
],
[
355,
239,
369,
247
],
[
431,
239,
438,
247
],
[
476,
239,
490,
247
],
[
521,
247,
882,
256
],
[
86,
251,
160,
260
],
[
225,
251,
238,
260
],
[
271,
251,
277,
260
],
[
327,
251,
333,
260
],
[
355,
251,
369,
260
],
[
424,
251,
438,
260
],
[
476,
251,
490,
260
],
[
521,
262,
857,
272
],
[
116,
273,
488,
283
],
[
521,
277,
898,
287
],
[
86,
288,
102,
298
],
[
106,
288,
476,
298
],
[
521,
292,
623,
302
],
[
86,
303,
460,
313
],
[
550,
307,
911,
317
],
[
86,
319,
445,
328
],
[
521,
322,
897,
332
],
[
86,
334,
392,
344
],
[
521,
338,
915,
347
],
[
86,
349,
422,
359
],
[
521,
353,
894,
362
],
[
86,
364,
466,
374
],
[
521,
368,
877,
378
],
[
86,
379,
455,
389
],
[
521,
383,
887,
393
],
[
86,
394,
229,
404
],
[
339,
394,
436,
404
],
[
229,
395,
339,
404
],
[
521,
398,
879,
408
],
[
86,
410,
432,
419
],
[
432,
410,
485,
419
],
[
521,
413,
890,
423
],
[
207,
425,
381,
434
],
[
439,
425,
458,
434
],
[
86,
425,
202,
434
],
[
381,
425,
438,
434
],
[
521,
428,
667,
438
],
[
698,
428,
919,
438
],
[
667,
429,
697,
438
],
[
86,
440,
157,
450
],
[
215,
440,
444,
450
],
[
157,
440,
214,
450
],
[
521,
444,
574,
453
],
[
695,
444,
844,
453
],
[
574,
444,
695,
453
],
[
86,
455,
460,
465
],
[
521,
459,
861,
469
],
[
86,
470,
479,
480
],
[
521,
474,
909,
484
],
[
86,
485,
453,
495
],
[
521,
489,
897,
499
],
[
86,
500,
461,
510
],
[
521,
504,
892,
514
],
[
86,
516,
199,
525
],
[
320,
516,
453,
525
],
[
199,
516,
320,
525
],
[
521,
519,
878,
529
],
[
86,
531,
206,
541
],
[
259,
531,
414,
541
],
[
206,
531,
258,
541
],
[
521,
535,
873,
544
],
[
86,
546,
175,
556
],
[
249,
546,
457,
556
],
[
177,
546,
248,
556
],
[
521,
550,
902,
559
],
[
86,
561,
440,
571
],
[
521,
565,
903,
575
],
[
86,
576,
445,
586
],
[
521,
580,
869,
590
],
[
86,
591,
393,
601
],
[
521,
595,
911,
605
],
[
86,
606,
422,
616
],
[
521,
610,
905,
620
],
[
86,
622,
459,
631
],
[
521,
625,
882,
635
],
[
86,
637,
463,
647
],
[
521,
641,
899,
650
],
[
86,
652,
282,
662
],
[
342,
652,
471,
662
],
[
282,
652,
336,
662
],
[
521,
656,
923,
666
],
[
86,
667,
455,
677
],
[
521,
671,
914,
681
],
[
86,
682,
463,
692
],
[
550,
686,
905,
696
],
[
86,
697,
102,
707
],
[
106,
697,
474,
707
],
[
521,
701,
876,
711
],
[
86,
713,
402,
722
],
[
402,
713,
467,
722
],
[
521,
716,
921,
726
],
[
86,
728,
410,
737
],
[
521,
731,
840,
741
],
[
116,
743,
406,
753
],
[
521,
747,
906,
756
],
[
86,
758,
114,
768
],
[
118,
758,
449,
768
],
[
521,
762,
907,
772
],
[
86,
773,
417,
783
],
[
521,
777,
901,
787
],
[
86,
788,
106,
798
],
[
110,
788,
471,
798
],
[
521,
792,
890,
802
],
[
86,
803,
437,
813
],
[
521,
807,
865,
817
],
[
86,
819,
451,
828
],
[
521,
822,
879,
832
],
[
86,
834,
483,
844
],
[
521,
838,
921,
847
],
[
86,
849,
489,
859
],
[
521,
853,
922,
862
],
[
86,
864,
483,
874
],
[
521,
868,
892,
878
],
[
86,
879,
479,
889
],
[
521,
883,
899,
893
],
[
86,
894,
476,
904
],
[
521,
898,
858,
908
],
[
521,
913,
892,
923
],
[
86,
923,
440,
932
],
[
521,
928,
894,
938
],
[
100,
935,
161,
943
],
[
521,
944,
545,
953
],
[
577,
944,
585,
953
],
[
650,
944,
887,
953
],
[
547,
944,
576,
953
],
[
585,
944,
649,
953
],
[
911,
962,
924,
973
]
] | [
6,
6,
10,
10,
10,
10,
10,
9,
10,
10,
9,
9,
10,
9,
9,
9,
9,
9,
10,
9,
9,
9,
9,
9,
9,
10,
9,
10,
9,
9,
9,
9,
9,
9,
9,
10,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
10,
9,
10,
9,
10,
9,
9,
9,
9,
9,
9,
9,
10,
9,
9,
9,
9,
9,
9,
9,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
2,
10,
2,
10,
10,
10,
10,
10,
5
] | [
"ZIMMER HOLDINGS, INC. AND SUBSIDIARIES",
"2003 FORM 10-K",
"The following table presents the components of the year-",
"margin porous implants and the ongoing efforts to reduce",
"over-year percentage changes in net sales by product",
"manufacturing costs through automation, in-sourcing and",
"category:",
"category:",
"process improvements had positive impacts on gross profit.",
"Zimmer Standalone",
"Zimmer Standalone",
"Impact of",
"The Company’s operating plans annually call for reductions in",
"Volume/",
"Foreign",
"Sub-",
"Centerpulse",
"Net",
"unit manufacturing cost of its products as a direct result of",
"Mix",
"Price",
"Exchange",
"Total",
"Acquisition",
"Change",
"a number of factors, including but not limited to, increased",
"Reconstructive",
"volume, improvements in material technology, replacement of",
"implants",
"16%",
"3%",
"4%",
"23%",
"20%",
"43%",
"used machinery and equipment with higher speed equipment,",
"Trauma",
"4",
"3",
"3",
"10",
"3",
"13",
"(1)",
"Spine",
"–",
"–",
"–",
"–",
"N/A",
"N/A",
"changes in the configuration of manufacturing cells designed",
"Orthopaedic",
"to increase throughput, labor automation as well as in-",
"surgical",
"sourcing. Focus on inventory cost reduction is a strategic",
"products",
"5",
"2",
"3",
"10",
"–",
"10",
"imperative. The Company will continue to direct efforts",
"Consolidated",
"13",
"3",
"4",
"20",
"19",
"39",
"on driving down costs of products sold, general and",
"Overall, worldwide reconstructive implant sales increased",
"administrative expenses and holding costs associated with",
"43",
"percent to $1,521.0 million. The 43 percent increase was",
"working capital.",
"comprised of a 23 percent increase in Zimmer standalone",
"Research and development as a percentage of net sales",
"sales and a 20 percent increase due to the Centerpulse",
"was 5.6 percent in 2003 compared to 5.9 percent in 2002,",
"acquisition. Knee sales increased 37 percent to",
"as research and development expenses increased 31 percent",
"$800.5 million, 24 percent due to increased Zimmer",
"from the prior year compared to a 39 percent increase in",
"standalone sales (increased 20 percent constant currency)",
"sales. Research and development expense increased to",
"and 13 percent due to the Centerpulse acquisition. Knee",
"$105.8 million from $80.7 million reflecting research and",
"sales were led by the ",
"Knee Posterior",
"NexGen Legacy ",
"development expenses from Centerpulse and increased",
"Stabilized product line including the LPS-Flex Knee, ",
"NexGen",
"spending on active projects focused on areas of strategic",
"tibial components and the ",
"CR",
"Trabecular Metal",
"NexGen ",
"significance, including ",
"Technologies, innovative materials",
"MIS ",
"Knee with ",
"Crosslinked Polyethylene. Hip sales",
"Prolong ",
"such as ",
"and Highly Crosslinked",
"Trabecular Metal ",
"increased 46 percent to $645.6 million, 24 percent due to",
"Polyethylene, lifestyle designs, revision implants and",
"the Centerpulse acquisition and 22 percent due to increased",
"biological solutions. The Company has strategically targeted",
"Zimmer standalone sales (increased 17 percent constant",
"R&D spending to be at the high end of what management",
"currency). Hip sales were driven by continued conversion",
"believes to be an average of 4-6 percent for the industry.",
"to porous stems, ",
"acetabular cups, and",
"Trabecular Metal ",
"Maintaining a robust product development pipeline has",
"increased sales of ",
"Acetabular System cups",
"Trilogy ",
"enabled Zimmer to achieve significant contributions in",
"incorporating ",
"Highly Crosslinked Polyethylene",
"Longevity ",
"revenue from new products, which management defines as",
"Liners. Dental sales were $29.8 million, reflecting solid",
"products introduced within the prior 36 month period. For",
"growth in both standard and tapered Swiss Plus design",
"example, in the fourth quarter, new product revenue,",
"implants. Trauma sales increased 13 percent to",
"excluding Centerpulse, represented 18.9 percent of sales, at",
"$151.6 million, 10 percent due to increased Zimmer",
"the high end of the Company’s stated quarterly and annual",
"standalone sales (increased 7 percent constant currency)",
"goal of 15-20 percent, in place since 1999. Management",
"and 3 percent due to the Centerpulse acquisition. Trauma",
"expects over the next year or two to continue to invest in",
"sales were led by sales of the ",
"Periarticular Plating",
"Zimmer",
"R&D at almost 6 percent of sales on a higher revenue base as",
"System. Spine sales were $33.6 million due to sales from",
"investments in spine, biologics and new technology increase.",
"Centerpulse. Orthopaedic surgical product sales increased",
"Selling, general and administrative expenses (‘‘SG&A’’)",
"10",
"percent (7 percent constant currency) to $194.8 million,",
"as a percentage of net sales were 38.8 percent in 2003",
"primarily driven by the continued growth of the ",
"OrthoPAT",
"compared to 39.8 percent (39.4 percent assuming the change",
"Orthopedic Perioperative Autotransfusion System.",
"in accounting principle for instruments is applied",
"Gross profit as a percentage of net sales was",
"retroactively) in 2002. Low cost inflation accompanied with",
"72.8",
"percent in 2003 compared to 74.9 percent in 2002.",
"double digit revenue growth has driven the overall expense",
"Gross profit for 2003 was reduced $42.7 million, or",
"ratio lower for the year. Detailed planning, monitoring and",
"2.2",
"percent of net sales, as a result of an inventory step-up",
"control over these expenses have also contributed to the",
"charge recognized in connection with the Centerpulse",
"improvement. While well managed, the Company has",
"acquisition. Sales and gross profit from Centerpulse also",
"introduced programs and activities in 2003 that involve",
"reduced reported gross margins as Centerpulse has a greater",
"significant investments, which, in part, are reflected in SG&A.",
"percentage of sales based in Europe, where gross margins are",
"As an example, the Zimmer Institute has seen very active use",
"historically lower than the U.S. and Japan. Increased Zimmer",
"in 2003. The Zimmer Institute, which is used for surgeon",
"standalone average selling prices in all geographic segments,",
"training, product development activities such as prototype",
"the continued conversion from cemented implants to higher",
"evaluations and product and instrument training for",
"independent field sales representatives, provided training",
"$^{(1)}$Spine is a new product category as a result of the Centerpulse",
"for over 500 surgeons, physician assistants and nurses on",
"acquisition.",
"the ",
"2",
"Hip Replacement Procedure and the",
"MIS ",
"-Incision ",
"23"
] | train |
|
[
[
919,
37,
933,
45
],
[
769,
38,
907,
45
],
[
121,
192,
510,
202
],
[
553,
192,
937,
202
],
[
540,
194,
547,
200
],
[
121,
211,
512,
221
],
[
553,
212,
700,
222
],
[
703,
212,
720,
219
],
[
121,
230,
519,
240
],
[
553,
241,
929,
252
],
[
540,
244,
547,
250
],
[
121,
249,
418,
260
],
[
553,
261,
919,
271
],
[
133,
278,
462,
288
],
[
121,
280,
128,
286
],
[
553,
281,
929,
291
],
[
133,
293,
496,
303
],
[
553,
301,
937,
311
],
[
133,
316,
489,
326
],
[
121,
318,
128,
324
],
[
553,
320,
932,
331
],
[
133,
338,
412,
349
],
[
553,
340,
927,
350
],
[
121,
340,
128,
347
],
[
553,
360,
806,
370
],
[
133,
361,
315,
371
],
[
121,
363,
128,
369
],
[
121,
384,
436,
395
],
[
553,
390,
919,
400
],
[
540,
392,
547,
398
],
[
553,
409,
747,
420
],
[
750,
410,
767,
416
],
[
121,
414,
471,
424
],
[
121,
434,
506,
444
],
[
553,
439,
845,
449
],
[
869,
439,
938,
449
],
[
848,
439,
865,
446
],
[
540,
441,
547,
447
],
[
121,
454,
486,
464
],
[
553,
459,
922,
469
],
[
121,
473,
197,
483
],
[
510,
473,
520,
483
],
[
553,
479,
675,
489
],
[
121,
493,
498,
503
],
[
553,
508,
910,
518
],
[
540,
510,
547,
516
],
[
121,
513,
505,
523
],
[
553,
528,
895,
538
],
[
121,
533,
506,
543
],
[
553,
548,
921,
558
],
[
121,
552,
508,
562
],
[
553,
567,
880,
578
],
[
121,
572,
208,
582
],
[
553,
587,
906,
597
],
[
121,
602,
508,
612
],
[
553,
607,
915,
617
],
[
553,
627,
792,
637
],
[
795,
627,
812,
634
],
[
133,
631,
481,
641
],
[
121,
633,
128,
639
],
[
133,
651,
498,
661
],
[
553,
656,
939,
666
],
[
540,
658,
547,
664
],
[
133,
671,
212,
681
],
[
553,
676,
922,
686
],
[
553,
696,
911,
706
],
[
121,
826,
141,
835
],
[
145,
826,
171,
835
],
[
810,
826,
838,
835
],
[
149,
837,
195,
847
],
[
794,
837,
845,
847
],
[
149,
849,
159,
858
],
[
808,
849,
823,
858
],
[
149,
861,
176,
870
],
[
491,
861,
493,
870
],
[
521,
861,
524,
870
],
[
121,
882,
145,
891
],
[
149,
882,
178,
891
],
[
590,
882,
845,
891
],
[
149,
893,
205,
903
],
[
550,
893,
559,
903
],
[
121,
914,
144,
924
],
[
148,
914,
505,
924
],
[
121,
935,
144,
945
],
[
148,
935,
159,
945
],
[
534,
935,
839,
945
],
[
149,
947,
190,
956
],
[
742,
947,
751,
956
]
] | [
6,
6,
10,
4,
4,
10,
4,
4,
10,
4,
4,
10,
4,
4,
4,
4,
4,
4,
4,
4,
4,
4,
4,
4,
4,
4,
4,
10,
4,
4,
4,
4,
10,
10,
4,
4,
4,
4,
10,
4,
10,
10,
4,
10,
4,
4,
10,
4,
10,
4,
10,
4,
10,
4,
10,
4,
4,
4,
4,
4,
4,
4,
4,
4,
4,
4,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2
] | [
"11",
"VORNADO REALTY TRUST",
"Alexander’s was a New York area department store chain",
"David and Mike made a great 700,000 square foot anchor",
"■",
"which was rich in real estate, but long suffering as a retail",
"lease with Bloomberg.",
"(13)",
"operation. Alexander’s is now a real estate business with a",
"We were able to internally finance the cost of this project",
"■",
"small, static collection of wonderful assets: ",
"(about $650 million of hard and soft costs without land)",
"Bloomberg Tower/ One Beacon Court mixed-use ",
"■",
"without diluting shareholders by selling stock or taking in",
"development at 59th Street and Lexington Avenue, NY",
"partners. We generated the needed capital by leasing and",
"Kings Plaza Regional Shopping Center, Brooklyn, NY ",
"■",
"financing Paramus, refinancing Kings Plaza, and the debt",
"Rego Park Shopping Center, Queens, NY ",
"from a Hypo Bank construction loan arranged by Wendy",
"■",
"Silverstein, our capital markets queen.",
"Ikea Property, Paramus, NJ",
"■",
"Please see page 22 for the full property table. ",
"Alexander’s hired Vornado as a for-fee developer, again",
"■",
"without suffering any dilution.",
"(14)",
"The development of the 59th Street property—a full",
"square block on the Upper East Side of Manhattan—has",
"We engaged Cesar Pelli as design architect.",
"Creating a",
"(15)",
"■",
"been a long, wonderful adventure. It is situated where",
"“great building” rather than a “developer’s building” has",
"Manhattan’",
"Plaza District meets the Silk Stocking District,",
"paid off in spades.",
"blocks from the best hotels in the world and, of course,",
"The building’s grand gesture is an 11,000 square foot,",
"■",
"directly across the street from Bloomingdale’s. This 814-",
"open-to-the-sky, mid-block courtyard—an off street",
"foot tower is now topped out, curtain wall is nearly com-",
"refuge available for both vehicles and pedestrians that",
"plete and tenants Bloomberg, Home Depot and H&M are",
"serves as the entrance for residential tenants and",
"doing fit-out.",
"Bloomberg. This six-story high, oval-shaped space is",
"On behalf of Alexander’s, we did some things right here. ",
"unique and quite wonderful from a design perspective,",
"and quite wonderfully profitable too.",
"(16)",
"We had the patience to hold this great site for years ",
"■",
"until the New York market recovered. I think we got the",
"With a full block in Bloomingdale’s country, the retail value",
"■",
"timing right.",
"was obvious. We discarded the idea of building a multi-",
"story interior mall and chose instead to have all stores",
"(13)",
"Luck",
"is important. In the middle of negotiations for what was then a 400,000 square foot lease, Bloomberg, whose",
"business",
"is growing like wildfire, insisted we eliminate the planned hotel component so we could expand their space",
"to",
"700,000 square feet. What a great trade—300,000 square feet more Bloomberg credit versus a hotel that we",
"would",
"have",
"built into a deteriorating market. Luck is important.",
"(14)",
"With",
"the accomplished Mel Blum as President of our development division, Vornado has a world-class development",
"capability",
"Ditto for Eli Zamek in charge of our high-rise construction.",
"(15)",
"With a huge contribution from the very talented Rafael Pelli.",
"(16)",
"In",
"essence, we transferred 66,000 square feet of space worth, say, $600 per square foot from low mid-block up to",
"the ver",
"top of the building where it has a value of over $2,000 per square foot – a fair trade indeed."
] | train |
|
[
[
159,
168,
174,
180
],
[
189,
168,
371,
180
],
[
189,
193,
271,
200
],
[
29,
199,
49,
210
],
[
189,
205,
379,
215
],
[
458,
206,
495,
215
],
[
541,
206,
577,
215
],
[
623,
206,
659,
215
],
[
770,
206,
823,
215
],
[
36,
216,
46,
274
],
[
824,
217,
830,
225
],
[
420,
219,
494,
228
],
[
516,
219,
576,
228
],
[
615,
219,
658,
228
],
[
671,
219,
739,
228
],
[
771,
219,
823,
228
],
[
841,
219,
910,
228
],
[
189,
233,
243,
243
],
[
458,
233,
495,
243
],
[
528,
233,
577,
243
],
[
622,
233,
659,
243
],
[
711,
233,
739,
243
],
[
803,
233,
823,
243
],
[
862,
233,
910,
243
],
[
189,
248,
245,
258
],
[
484,
248,
495,
258
],
[
540,
248,
577,
258
],
[
639,
248,
659,
258
],
[
729,
248,
739,
258
],
[
812,
248,
823,
258
],
[
874,
248,
910,
258
],
[
189,
264,
355,
274
],
[
458,
264,
495,
274
],
[
540,
264,
577,
274
],
[
622,
264,
659,
274
],
[
711,
264,
739,
274
],
[
795,
264,
823,
274
],
[
874,
264,
910,
274
],
[
36,
274,
46,
393
],
[
189,
279,
262,
289
],
[
458,
279,
495,
289
],
[
540,
279,
577,
289
],
[
631,
279,
659,
289
],
[
719,
279,
739,
289
],
[
803,
279,
823,
289
],
[
874,
279,
910,
289
],
[
189,
294,
330,
304
],
[
458,
294,
495,
304
],
[
540,
294,
577,
304
],
[
631,
294,
659,
304
],
[
719,
294,
739,
304
],
[
789,
294,
828,
304
],
[
874,
294,
910,
304
],
[
189,
310,
356,
320
],
[
466,
310,
495,
320
],
[
548,
310,
577,
320
],
[
639,
310,
659,
320
],
[
711,
310,
739,
320
],
[
795,
310,
823,
320
],
[
874,
310,
910,
320
],
[
189,
325,
395,
335
],
[
453,
325,
500,
335
],
[
535,
325,
582,
335
],
[
625,
325,
664,
335
],
[
729,
325,
739,
335
],
[
781,
325,
828,
335
],
[
868,
325,
915,
335
],
[
189,
340,
265,
350
],
[
461,
340,
500,
350
],
[
543,
340,
582,
350
],
[
639,
340,
659,
350
],
[
719,
340,
739,
350
],
[
795,
340,
823,
350
],
[
890,
340,
910,
350
],
[
189,
356,
357,
366
],
[
218,
371,
347,
381
],
[
458,
371,
495,
381
],
[
540,
371,
577,
381
],
[
631,
371,
659,
381
],
[
711,
371,
739,
381
],
[
789,
371,
828,
381
],
[
874,
371,
910,
381
],
[
189,
401,
271,
409
],
[
189,
412,
374,
422
],
[
460,
413,
495,
422
],
[
542,
413,
577,
422
],
[
624,
413,
659,
422
],
[
772,
413,
823,
422
],
[
660,
424,
667,
432
],
[
578,
424,
584,
432
],
[
824,
424,
830,
432
],
[
422,
425,
495,
435
],
[
518,
425,
577,
435
],
[
615,
425,
659,
435
],
[
674,
425,
739,
435
],
[
772,
425,
823,
435
],
[
842,
425,
910,
435
],
[
189,
440,
243,
450
],
[
459,
440,
495,
450
],
[
529,
440,
577,
450
],
[
623,
440,
659,
450
],
[
711,
440,
739,
450
],
[
795,
440,
823,
450
],
[
862,
440,
910,
450
],
[
189,
455,
245,
465
],
[
485,
455,
495,
465
],
[
541,
455,
577,
465
],
[
639,
455,
659,
465
],
[
730,
455,
739,
465
],
[
813,
455,
823,
465
],
[
874,
455,
910,
465
],
[
189,
471,
355,
481
],
[
459,
471,
495,
481
],
[
541,
471,
577,
481
],
[
623,
471,
659,
481
],
[
711,
471,
739,
481
],
[
795,
471,
823,
481
],
[
874,
471,
910,
481
],
[
189,
486,
262,
496
],
[
459,
486,
495,
496
],
[
541,
486,
577,
496
],
[
631,
486,
659,
496
],
[
719,
486,
739,
496
],
[
803,
486,
823,
496
],
[
874,
486,
910,
496
],
[
189,
501,
330,
511
],
[
459,
501,
495,
511
],
[
541,
501,
577,
511
],
[
639,
501,
659,
511
],
[
711,
501,
739,
511
],
[
790,
501,
828,
511
],
[
874,
501,
910,
511
],
[
189,
517,
356,
527
],
[
467,
517,
495,
527
],
[
549,
517,
577,
527
],
[
649,
517,
659,
527
],
[
711,
517,
739,
527
],
[
795,
517,
823,
527
],
[
874,
517,
910,
527
],
[
189,
532,
401,
542
],
[
462,
532,
499,
542
],
[
536,
532,
581,
542
],
[
634,
532,
664,
542
],
[
714,
532,
744,
542
],
[
782,
532,
828,
542
],
[
869,
532,
915,
542
],
[
189,
547,
265,
557
],
[
462,
547,
499,
557
],
[
544,
547,
581,
557
],
[
639,
547,
659,
557
],
[
714,
547,
744,
557
],
[
795,
547,
823,
557
],
[
877,
547,
915,
557
],
[
189,
563,
357,
573
],
[
218,
578,
347,
588
],
[
459,
578,
495,
588
],
[
549,
578,
577,
588
],
[
634,
578,
664,
588
],
[
711,
578,
739,
588
],
[
790,
578,
828,
588
],
[
874,
578,
910,
588
],
[
189,
608,
271,
616
],
[
189,
608,
271,
616
],
[
189,
619,
374,
629
],
[
460,
620,
495,
629
],
[
542,
620,
577,
629
],
[
624,
620,
659,
629
],
[
772,
620,
823,
629
],
[
660,
631,
667,
639
],
[
578,
631,
584,
639
],
[
824,
631,
830,
639
],
[
422,
632,
495,
641
],
[
518,
632,
577,
641
],
[
615,
632,
659,
641
],
[
674,
632,
739,
641
],
[
772,
632,
823,
641
],
[
842,
632,
910,
641
],
[
189,
647,
243,
657
],
[
459,
647,
495,
657
],
[
529,
647,
577,
657
],
[
631,
647,
659,
657
],
[
711,
647,
739,
657
],
[
803,
647,
823,
657
],
[
862,
647,
910,
657
],
[
189,
662,
245,
672
],
[
485,
662,
495,
672
],
[
541,
662,
577,
672
],
[
639,
662,
659,
672
],
[
730,
662,
739,
672
],
[
813,
662,
823,
672
],
[
874,
662,
910,
672
],
[
189,
677,
355,
688
],
[
459,
677,
495,
688
],
[
541,
677,
577,
688
],
[
631,
677,
659,
688
],
[
711,
677,
739,
688
],
[
795,
677,
823,
688
],
[
874,
677,
910,
688
],
[
189,
693,
262,
703
],
[
467,
693,
495,
703
],
[
541,
693,
577,
703
],
[
639,
693,
659,
703
],
[
719,
693,
739,
703
],
[
803,
693,
823,
703
],
[
874,
693,
910,
703
],
[
189,
708,
330,
718
],
[
459,
708,
495,
718
],
[
541,
708,
577,
718
],
[
626,
708,
664,
718
],
[
719,
708,
739,
718
],
[
790,
708,
828,
718
],
[
874,
708,
910,
718
],
[
189,
723,
356,
734
],
[
467,
723,
495,
734
],
[
549,
723,
577,
734
],
[
649,
723,
659,
734
],
[
711,
723,
739,
734
],
[
795,
723,
823,
734
],
[
874,
723,
910,
734
],
[
189,
739,
231,
749
],
[
462,
739,
499,
749
],
[
536,
739,
581,
749
],
[
634,
739,
664,
749
],
[
730,
739,
739,
749
],
[
790,
739,
828,
749
],
[
869,
739,
915,
749
],
[
189,
754,
265,
764
],
[
462,
754,
499,
764
],
[
544,
754,
581,
764
],
[
639,
754,
659,
764
],
[
714,
754,
744,
764
],
[
795,
754,
823,
764
],
[
877,
754,
915,
764
],
[
189,
769,
357,
780
],
[
218,
785,
347,
795
],
[
459,
785,
495,
795
],
[
541,
785,
577,
795
],
[
634,
785,
664,
795
],
[
711,
785,
739,
795
],
[
790,
785,
828,
795
],
[
874,
785,
910,
795
],
[
189,
810,
194,
817
],
[
203,
810,
913,
817
],
[
203,
821,
885,
829
],
[
203,
833,
907,
840
],
[
203,
844,
910,
852
],
[
203,
856,
419,
863
],
[
189,
871,
194,
879
],
[
203,
871,
900,
879
],
[
203,
883,
441,
890
],
[
189,
898,
194,
905
],
[
203,
898,
788,
905
],
[
189,
913,
194,
921
],
[
203,
913,
831,
921
]
] | [
4,
4,
10,
6,
9,
9,
9,
9,
9,
6,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
6,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
10,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
10,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2
] | [
"2.",
"Segmented Information",
"(millions of dollars)",
"36",
"Year ended December 31, 2000",
"Energy",
"Energy",
"Energy",
"Corporate",
"AL REPORT",
"2",
"Transportation",
"Distribution",
"Services",
"International",
"and Other",
"Consolidated",
"Revenues",
"729.6",
"1,799.7",
"390.2",
"22.2",
"3.3",
"2,945.0",
"Gas costs",
"—",
"958.8",
"7.7",
"—",
"—",
"966.5",
"Operating and administrative",
"262.4",
"337.9",
"229.4",
"17.8",
"22.8",
"870.3",
"ENBRIDGE 2000 ANNU",
"Depreciation",
"163.8",
"207.6",
"72.7",
"0.7",
"8.7",
"453.5",
"Operating income/(loss)",
"303.4",
"295.4",
"80.4",
"3.7",
"(28.2)",
"654.7",
"Investment and other income",
"71.1",
"73.4",
"7.9",
"22.6",
"10.6",
"185.6",
"Interest and preferred equity charges",
"(108.3)",
"(164.6)",
"(29.4)",
"—",
"(147.6)",
"(449.9)",
"Income taxes",
"(62.4)",
"(13.3)",
"5.0",
"0.1",
"72.5",
"1.9",
"Earnings/(loss) applicable to",
"common shareholders",
"203.8",
"190.9",
"63.9",
"26.4",
"(92.7)",
"392.3",
"(millions of dollars)",
"Year ended December 31, 1999",
"Energy",
"Energy",
"Energy",
"Corporate",
"1",
"1",
"2",
"Transportation",
"Distribution",
"Services",
"International",
"and Other",
"Consolidated",
"Revenues",
"599.5",
"1,913.3",
"138.9",
"30.3",
"12.0",
"2,694.0",
"Gas costs",
"—",
"897.5",
"5.6",
"—",
"—",
"903.1",
"Operating and administrative",
"236.4",
"433.8",
"110.3",
"15.7",
"25.4",
"821.6",
"Depreciation",
"115.7",
"241.3",
"21.4",
"0.3",
"5.1",
"383.8",
"Operating income/(loss)",
"247.4",
"340.7",
"1.6",
"14.3",
"(18.5)",
"585.5",
"Investment and other income",
"94.7",
"37.2",
"—",
"17.3",
"33.2",
"182.4",
"Interest and preferred equity charges",
"(88.4)",
"(184.5)",
"(7.9)",
"(0.1)",
"(111.6)",
"(392.5)",
"Income taxes",
"(42.1)",
"(93.9)",
"2.0",
"(2.8)",
"49.3",
"(87.5)",
"Earnings/(loss) applicable to",
"common shareholders",
"211.6",
"99.5",
"(4.3)",
"28.7",
"(47.6)",
"287.9",
"(millions of dollars)",
"(millions of dollars)",
"Year ended December 31, 1998",
"Energy",
"Energy",
"Energy",
"Corporate",
"1",
"1",
"2",
"Transportation",
"Distribution",
"Services",
"International",
"and Other",
"Consolidated",
"Revenues",
"495.4",
"1,802.7",
"18.2",
"20.7",
"9.4",
"2,346.4",
"Gas costs",
"—",
"860.4",
"4.6",
"—",
"—",
"865.0",
"Operating and administrative",
"236.0",
"380.8",
"22.8",
"17.7",
"17.7",
"675.0",
"Depreciation",
"87.0",
"216.4",
"1.1",
"0.2",
"4.3",
"309.0",
"Operating income/(loss)",
"172.4",
"345.1",
"(10.3)",
"2.8",
"(12.6)",
"497.4",
"Investment and other income",
"81.9",
"25.4",
"—",
"21.6",
"22.8",
"151.7",
"Interest",
"(61.4)",
"(176.5)",
"(1.4)",
"—",
"(73.6)",
"(312.9)",
"Income taxes",
"(39.6)",
"(93.7)",
"4.9",
"(0.1)",
"33.2",
"(95.3)",
"Earnings/(loss) applicable to",
"common shareholders",
"153.3",
"100.3",
"(6.8)",
"24.3",
"(30.2)",
"240.9",
"1",
"On October 1, 1999, the Company separated and removed (“unbundled”) the ancillary business activities from the regulated operations of Enbridge Consumers Gas to",
"the unregulated Energy Services. This intersegment transaction comprised the transfer of the water heater and furnace rental program, merchandise retailing and",
"financing operations and other related services. Energy Services reflects the results of operations of the unbundled activities commencing October 1, 1999. The 1999",
"and 1998 results of operations of Energy Distribution reflects a full year contribution from the ancillary business activities for the year ended September 30, 1999 and",
"1998 under the quarter lag basis of consolidation.",
"2",
"Corporate and Other includes new business development activities and non-operating investing and financing activities, including general corporate investments and",
"costs associated with financing non-regulated activities.",
"3",
"The measurement basis for preparation of segmented information is consistent with the significant accounting policies outlined in Note 1.",
"4",
"Segmented information has been restated to reflect the changes in the internal organization of the Company, effective in the fourth quarter of 2000."
] | train |
|
[
[
939,
31,
955,
42
],
[
131,
142,
161,
152
],
[
244,
142,
277,
152
],
[
355,
142,
388,
152
],
[
470,
142,
503,
152
],
[
581,
142,
615,
152
],
[
698,
142,
732,
152
],
[
812,
142,
844,
152
],
[
114,
172,
177,
181
],
[
227,
172,
290,
181
],
[
340,
172,
403,
181
],
[
453,
172,
514,
181
],
[
567,
172,
630,
181
],
[
680,
172,
743,
181
],
[
793,
172,
856,
181
],
[
135,
185,
178,
195
],
[
248,
185,
291,
195
],
[
360,
185,
404,
195
],
[
472,
185,
515,
195
],
[
588,
185,
631,
195
],
[
700,
185,
744,
195
],
[
812,
185,
855,
195
],
[
135,
199,
177,
209
],
[
248,
199,
290,
209
],
[
360,
199,
403,
209
],
[
472,
199,
514,
209
],
[
588,
199,
630,
209
],
[
700,
199,
743,
209
],
[
813,
199,
855,
209
],
[
135,
212,
177,
222
],
[
248,
212,
290,
222
],
[
360,
212,
403,
222
],
[
472,
212,
514,
222
],
[
588,
212,
630,
222
],
[
700,
212,
743,
222
],
[
813,
212,
855,
222
],
[
125,
226,
177,
236
],
[
238,
226,
290,
236
],
[
351,
226,
403,
236
],
[
462,
226,
514,
236
],
[
578,
226,
630,
236
],
[
690,
226,
743,
236
],
[
803,
226,
855,
236
],
[
125,
255,
177,
265
],
[
238,
255,
290,
265
],
[
351,
255,
403,
265
],
[
462,
255,
514,
265
],
[
578,
255,
630,
265
],
[
690,
255,
743,
265
],
[
803,
255,
855,
265
],
[
135,
267,
177,
277
],
[
248,
267,
290,
277
],
[
360,
267,
403,
277
],
[
472,
267,
514,
277
],
[
588,
267,
630,
277
],
[
700,
267,
743,
277
],
[
813,
267,
855,
277
],
[
141,
280,
177,
290
],
[
255,
280,
290,
290
],
[
367,
280,
403,
290
],
[
478,
280,
514,
290
],
[
594,
280,
630,
290
],
[
707,
280,
743,
290
],
[
819,
280,
855,
290
],
[
125,
294,
177,
304
],
[
238,
294,
290,
304
],
[
351,
294,
403,
304
],
[
462,
294,
514,
304
],
[
578,
294,
630,
304
],
[
690,
294,
743,
304
],
[
803,
294,
855,
304
],
[
125,
308,
177,
318
],
[
238,
308,
290,
318
],
[
360,
308,
403,
318
],
[
472,
308,
514,
318
],
[
588,
308,
630,
318
],
[
700,
308,
743,
318
],
[
813,
308,
855,
318
],
[
137,
335,
182,
345
],
[
243,
335,
295,
345
],
[
362,
335,
407,
345
],
[
473,
335,
518,
345
],
[
590,
335,
634,
345
],
[
702,
335,
747,
345
],
[
816,
335,
860,
345
],
[
144,
348,
182,
358
],
[
248,
348,
311,
358
],
[
373,
348,
403,
358
],
[
478,
348,
514,
358
],
[
601,
348,
630,
358
],
[
713,
348,
743,
358
],
[
819,
348,
855,
358
],
[
125,
362,
177,
372
],
[
238,
362,
290,
372
],
[
360,
362,
403,
372
],
[
472,
362,
514,
372
],
[
588,
362,
630,
372
],
[
700,
362,
743,
372
],
[
813,
362,
855,
372
],
[
135,
376,
177,
386
],
[
248,
376,
290,
386
],
[
360,
376,
403,
386
],
[
472,
376,
514,
386
],
[
588,
376,
630,
386
],
[
700,
376,
743,
386
],
[
813,
376,
855,
386
],
[
135,
390,
177,
399
],
[
248,
390,
311,
399
],
[
360,
390,
403,
399
],
[
472,
390,
514,
399
],
[
588,
390,
630,
399
],
[
700,
390,
743,
399
],
[
812,
390,
855,
399
],
[
141,
427,
177,
437
],
[
255,
427,
290,
437
],
[
367,
427,
403,
437
],
[
478,
427,
514,
437
],
[
601,
427,
630,
437
],
[
713,
427,
743,
437
],
[
826,
427,
855,
437
],
[
249,
441,
290,
451
],
[
141,
455,
177,
465
],
[
248,
455,
290,
465
],
[
367,
455,
403,
465
],
[
479,
455,
514,
465
],
[
602,
455,
631,
465
],
[
714,
455,
743,
465
],
[
826,
455,
855,
465
],
[
135,
469,
177,
479
],
[
248,
469,
290,
479
],
[
360,
469,
403,
479
],
[
472,
469,
514,
479
],
[
588,
469,
630,
479
],
[
700,
469,
743,
479
],
[
813,
469,
855,
479
],
[
707,
498,
743,
508
],
[
697,
511,
748,
521
],
[
114,
524,
121,
534
],
[
131,
524,
176,
534
],
[
227,
524,
234,
534
],
[
245,
524,
290,
534
],
[
340,
524,
347,
534
],
[
360,
524,
403,
534
],
[
453,
524,
460,
534
],
[
470,
524,
514,
534
],
[
567,
524,
574,
534
],
[
585,
524,
630,
534
],
[
680,
524,
687,
534
],
[
700,
524,
743,
534
],
[
794,
524,
800,
534
],
[
813,
524,
855,
534
],
[
114,
538,
177,
548
],
[
227,
538,
290,
548
],
[
340,
538,
403,
548
],
[
453,
538,
460,
548
],
[
470,
538,
514,
548
],
[
567,
538,
574,
548
],
[
585,
538,
630,
548
],
[
680,
538,
687,
548
],
[
698,
538,
743,
548
],
[
794,
538,
800,
548
],
[
813,
538,
855,
548
],
[
114,
577,
178,
587
],
[
227,
577,
306,
587
],
[
340,
577,
404,
587
],
[
453,
577,
518,
587
],
[
567,
577,
633,
587
],
[
677,
577,
742,
587
],
[
803,
577,
855,
587
],
[
114,
593,
179,
602
],
[
227,
593,
292,
602
],
[
340,
593,
405,
602
],
[
453,
593,
518,
602
],
[
567,
593,
633,
602
],
[
690,
593,
743,
602
],
[
796,
593,
855,
602
],
[
161,
606,
177,
616
],
[
274,
606,
290,
616
],
[
386,
606,
403,
616
],
[
498,
606,
514,
616
],
[
614,
606,
630,
616
],
[
726,
606,
743,
616
],
[
839,
606,
855,
616
],
[
101,
630,
190,
640
],
[
214,
630,
303,
640
],
[
327,
630,
416,
640
],
[
440,
630,
531,
640
],
[
553,
630,
644,
640
],
[
666,
630,
758,
640
],
[
779,
630,
870,
640
],
[
114,
660,
120,
669
],
[
135,
660,
177,
669
],
[
227,
660,
234,
669
],
[
255,
660,
290,
669
],
[
340,
660,
347,
669
],
[
367,
660,
403,
669
],
[
453,
660,
459,
669
],
[
472,
660,
514,
669
],
[
567,
660,
574,
669
],
[
588,
660,
630,
669
],
[
680,
660,
687,
669
],
[
700,
660,
743,
669
],
[
794,
660,
800,
669
],
[
813,
660,
855,
669
],
[
125,
674,
177,
684
],
[
238,
674,
290,
684
],
[
351,
674,
403,
684
],
[
472,
674,
514,
684
],
[
588,
674,
630,
684
],
[
690,
674,
743,
684
],
[
803,
674,
855,
684
],
[
125,
689,
177,
698
],
[
238,
689,
290,
698
],
[
351,
689,
403,
698
],
[
462,
689,
514,
698
],
[
578,
689,
630,
698
],
[
690,
689,
743,
698
],
[
803,
689,
855,
698
],
[
125,
703,
177,
713
],
[
238,
703,
290,
713
],
[
351,
703,
403,
713
],
[
462,
703,
514,
713
],
[
578,
703,
630,
713
],
[
690,
703,
743,
713
],
[
803,
703,
855,
713
],
[
144,
748,
177,
758
],
[
259,
748,
308,
758
],
[
377,
748,
403,
758
],
[
481,
748,
514,
758
],
[
597,
748,
630,
758
],
[
710,
748,
743,
758
],
[
818,
748,
859,
758
],
[
108,
762,
177,
772
],
[
234,
762,
308,
772
],
[
344,
762,
403,
772
],
[
442,
762,
514,
772
],
[
558,
762,
630,
772
],
[
670,
762,
743,
772
],
[
769,
762,
859,
772
],
[
151,
777,
177,
787
],
[
264,
777,
290,
787
],
[
377,
777,
403,
787
],
[
488,
777,
514,
787
],
[
604,
777,
630,
787
],
[
716,
777,
743,
787
],
[
829,
777,
855,
787
],
[
144,
792,
177,
802
],
[
258,
792,
290,
802
],
[
370,
792,
403,
802
],
[
481,
792,
514,
802
],
[
597,
792,
630,
802
],
[
710,
792,
743,
802
],
[
822,
792,
855,
802
],
[
144,
820,
177,
830
],
[
258,
820,
290,
830
],
[
363,
820,
403,
830
],
[
481,
820,
514,
830
],
[
597,
820,
630,
830
],
[
710,
820,
743,
830
],
[
822,
820,
855,
830
],
[
146,
834,
177,
844
],
[
266,
834,
290,
844
],
[
372,
834,
403,
844
],
[
483,
834,
514,
844
],
[
599,
834,
630,
844
],
[
711,
834,
743,
844
],
[
830,
834,
855,
844
],
[
89,
851,
103,
859
],
[
113,
851,
463,
859
],
[
496,
851,
516,
859
],
[
519,
851,
848,
859
],
[
113,
860,
468,
869
],
[
520,
860,
868,
869
],
[
113,
870,
239,
878
],
[
520,
870,
568,
878
],
[
89,
879,
103,
888
],
[
113,
879,
467,
888
],
[
496,
879,
516,
888
],
[
519,
879,
843,
888
],
[
113,
889,
450,
897
],
[
520,
889,
861,
897
],
[
113,
898,
380,
907
],
[
520,
898,
703,
907
],
[
89,
908,
109,
916
],
[
112,
908,
471,
916
],
[
496,
908,
516,
916
],
[
519,
908,
882,
916
],
[
113,
917,
355,
925
],
[
520,
917,
666,
925
]
] | [
6,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2
] | [
"49",
"1997",
"1996 ",
"1995 ",
"1994 ",
"1993 ",
"1992 ",
"1991",
"$ 2,479,828",
"$ 2,281,071",
"$ 2,078,190",
"$ 1,982,260",
"$ 1,846,791",
"$ 1,773,460",
"$ 1,747,118",
"903,309",
"872,969",
"816,474",
"789,375",
"781,205",
"762,729",
"733,943",
"703,558",
"686,936",
"466,187",
"406,608",
"397,204",
"370,613",
"357,383",
"221,470",
"177,237",
"144,636",
"218,000",
"202,040",
"184,035",
"149,489",
"4,308,165",
"4,018,213",
"3,505,487",
"3,396,243",
"3,227,240",
"3,090,837",
"2,987,933",
"2,812,218",
"2,776,171",
"2,499,696",
"2,410,404",
"2,336,668",
"2,303,468",
"2,265,948",
"152,964",
"147,721",
"141,151",
"146,054",
"147,248",
"139,080",
"139,268",
"80,741",
"75,043",
"47,509",
"44,110",
"43,771",
"39,197",
"39,621",
"3,045,923",
"2,998,935",
"2,688,356",
"2,600,568",
"2,527,687",
"2,481,745",
"2,444,837",
"1,262,242",
"1,019,278",
"817,131",
"795,675",
"699,553",
"609,092",
"543,096",
"(98,242)",
"(135,563)",
"(52,175)",
"(45,624)",
"(51,250)",
"(50,817)",
"(71,057)",
"(9,047)",
"155,825 (7)",
"3,754",
"14,945",
"5,350",
"7,814",
"14,859",
"1,154,953",
"1,039,540",
"768,710",
"764,996",
"653,653",
"566,089",
"486,898",
"473,600",
"442,900",
"312,084",
"309,600",
"264,400",
"224,900",
"194,400",
"681,353",
"596,640 (7)",
"456,626",
"455,396",
"389,253",
"341,189",
"292,498",
"31,326",
"51,867",
"20,636",
"10,003",
"8,499",
"4,491",
"9,151",
"294,580",
"31,326",
"346,447",
"20,636",
"10,003",
"8,499",
"4,491",
"9,151",
"712,679",
"943,087",
"477,262",
"465,399",
"397,752",
"345,680",
"301,649",
"34,000",
"(180,000)",
"$",
"712,679",
"$",
"943,087",
"$",
"477,262",
"$",
"465,399",
"$",
"397,752",
"$",
"199,680",
"$",
"301,649",
"$ 1,495,947",
"$ 1,242,042",
"$ 1,005,791",
"$",
"985,839",
"$",
"890,572",
"$",
"787,369",
"$",
"721,985",
"$2.41/$2.39",
"$2.12/$2.11(7)",
"$1.63/$1.62",
"$1.58/$1.57",
"$1.33/$1.32",
"$1.18/$1.18",
"$.97/$.96",
"$2.52/$2.50",
"$3.35/$3.33",
"$1.70/$1.69",
"$1.61/$1.60",
"$1.36/$1.35",
"$.69/$.69",
"$1.00/$.99",
".74",
".71",
".69",
".67",
".65",
".63",
".62",
"283,360/285,610",
"281,782/283,426",
"280,312/282,323",
"288,552/290,148",
"292,948/294,659",
"288,296/290,174",
"301,566/303,267",
"$",
"146,057",
"$",
"47,609",
"$",
"41,312",
"$",
"123,783",
"$",
"302,818",
"$",
"199,896",
"$",
"192,266",
"1,740,534",
"1,880,293",
"2,767,880",
"767,270",
"850,686",
"1,080,756",
"1,335,394",
"3,479,736",
"2,930,818",
"2,145,648",
"1,822,238",
"1,907,920",
"1,580,101",
"1,539,487",
"6,890,351",
"6,349,597",
"6,503,800",
"3,707,052",
"3,823,798",
"3,609,009",
"3,684,080",
"35.4%",
"10.2% (6)",
"0.3%",
"17.0%",
"14.1%",
"16.6%",
"(17.5%)",
"36.9%/34.3%",
"8.0%/9.9% (6)",
"3.2%/3.2%",
"18.8%/18.9%",
"12.3%/11.9%",
"22.0%/22.9%",
"(12.4%)/(12.7%)",
"4.2%",
"2.9%",
"3.0%",
"3.1%",
"3.2%",
"1.6%",
"2.5%",
"21.3%",
"19.8%",
"23.0%",
"24.4%",
"22.3%",
"21.9%",
"16.2%",
"50.0%",
"64.2%",
"129.0%",
"42.1%",
"44.6%",
"68.4%",
"86.7%",
"12.8X",
"8.7X",
"15.7X",
"17.8X",
"13.8X",
"12.1X",
"7.9X",
"(8)",
"Excludes 1998 $184 million after-tax net non-operating gain principally from ",
"(11)",
"Includes pre-tax net non-operating gain principally from the exchange of ",
"the disposition of the radio and alarm security businesses ($.65 per share-basic ",
"KVUE-TV for KXTV-TV of $55 million (after-tax gain of $33 million or $.11 ",
"and $.64 per share-diluted).",
"per share).",
"(9)",
"Includes pre-tax net non-operating gain principally from the disposition of the ",
"(12)",
"Includes results from businesses sold and accounted for as discontinued ",
"radio and alarm security businesses of $307 million (after-tax gain of $184 ",
"operations (cable - 1995 to 2000; security - 1995 to 1998; entertainment - ",
"million or $.65 per share-basic and $.64 per share-diluted).",
"1995 to 1996; outdoor - 1991 to 1996).",
"(10)",
"Excludes 1999 $33 million after-tax net non-operating gain principally from the",
"(13)",
"Includes gain from businesses sold and accounted for as discontinued operations ",
"exchange of KVUE-TV for KXTV-TV ($.11 per share).",
"(cable - 2000; outdoor - 1996). "
] | train |
|
[
[
88,
61,
584,
82
],
[
578,
109,
641,
120
],
[
654,
109,
728,
120
],
[
738,
109,
803,
120
],
[
578,
121,
641,
132
],
[
667,
121,
715,
132
],
[
745,
121,
801,
132
],
[
833,
121,
881,
132
],
[
88,
136,
158,
147
],
[
88,
155,
122,
169
],
[
88,
170,
135,
183
],
[
574,
170,
649,
183
],
[
662,
170,
721,
183
],
[
739,
170,
808,
183
],
[
823,
170,
888,
183
],
[
88,
185,
225,
199
],
[
594,
185,
644,
199
],
[
669,
185,
721,
199
],
[
746,
185,
813,
199
],
[
830,
185,
888,
199
],
[
88,
200,
263,
214
],
[
594,
200,
644,
214
],
[
686,
200,
721,
214
],
[
766,
200,
803,
214
],
[
842,
200,
888,
214
],
[
88,
216,
210,
229
],
[
608,
216,
644,
229
],
[
703,
216,
721,
229
],
[
778,
216,
803,
229
],
[
856,
216,
888,
229
],
[
88,
231,
298,
244
],
[
594,
231,
649,
244
],
[
686,
231,
721,
244
],
[
764,
231,
812,
244
],
[
849,
231,
888,
244
],
[
88,
246,
258,
259
],
[
596,
246,
649,
259
],
[
703,
246,
721,
259
],
[
784,
246,
803,
259
],
[
844,
246,
894,
259
],
[
88,
262,
227,
275
],
[
574,
262,
585,
275
],
[
594,
262,
644,
275
],
[
662,
262,
726,
275
],
[
739,
262,
750,
275
],
[
759,
262,
803,
275
],
[
823,
262,
834,
275
],
[
842,
262,
888,
275
],
[
88,
277,
266,
291
],
[
574,
277,
585,
291
],
[
626,
277,
644,
291
],
[
662,
277,
674,
291
],
[
685,
277,
721,
291
],
[
739,
277,
750,
291
],
[
784,
277,
803,
291
],
[
823,
277,
834,
291
],
[
856,
277,
888,
291
],
[
88,
294,
212,
307
],
[
574,
294,
585,
307
],
[
601,
294,
644,
307
],
[
662,
294,
721,
307
],
[
739,
294,
803,
307
],
[
823,
294,
834,
307
],
[
842,
294,
888,
307
],
[
88,
310,
241,
323
],
[
574,
310,
585,
323
],
[
594,
310,
644,
323
],
[
662,
310,
674,
323
],
[
703,
310,
721,
323
],
[
739,
310,
750,
323
],
[
759,
310,
803,
323
],
[
823,
310,
834,
323
],
[
842,
310,
888,
323
],
[
88,
326,
207,
339
],
[
574,
326,
585,
339
],
[
594,
326,
644,
339
],
[
662,
326,
721,
339
],
[
739,
326,
750,
339
],
[
772,
326,
808,
339
],
[
823,
326,
834,
339
],
[
842,
326,
888,
339
],
[
88,
342,
158,
355
],
[
574,
342,
648,
355
],
[
662,
342,
725,
355
],
[
739,
342,
803,
355
],
[
823,
342,
888,
355
],
[
88,
369,
121,
382
],
[
88,
385,
144,
398
],
[
574,
385,
649,
398
],
[
662,
385,
721,
398
],
[
739,
385,
808,
398
],
[
823,
385,
888,
398
],
[
88,
400,
225,
413
],
[
594,
400,
644,
413
],
[
669,
400,
721,
413
],
[
746,
400,
813,
413
],
[
830,
400,
888,
413
],
[
88,
415,
263,
429
],
[
594,
415,
644,
429
],
[
687,
415,
721,
429
],
[
759,
415,
803,
429
],
[
842,
415,
888,
429
],
[
88,
430,
210,
444
],
[
608,
430,
644,
444
],
[
703,
430,
721,
444
],
[
778,
430,
803,
444
],
[
856,
430,
888,
444
],
[
88,
446,
298,
459
],
[
594,
446,
649,
459
],
[
686,
446,
721,
459
],
[
764,
446,
812,
459
],
[
849,
446,
888,
459
],
[
88,
462,
227,
475
],
[
574,
462,
585,
475
],
[
594,
462,
644,
475
],
[
662,
462,
726,
475
],
[
739,
462,
750,
475
],
[
759,
462,
803,
475
],
[
823,
462,
834,
475
],
[
842,
462,
888,
475
],
[
88,
478,
266,
491
],
[
574,
478,
585,
491
],
[
626,
478,
644,
491
],
[
662,
478,
674,
491
],
[
685,
478,
721,
491
],
[
739,
478,
750,
491
],
[
784,
478,
803,
491
],
[
823,
478,
834,
491
],
[
856,
478,
888,
491
],
[
88,
494,
212,
507
],
[
574,
494,
585,
507
],
[
601,
494,
644,
507
],
[
662,
494,
721,
507
],
[
739,
494,
803,
507
],
[
823,
494,
834,
507
],
[
842,
494,
888,
507
],
[
88,
510,
241,
524
],
[
574,
510,
585,
524
],
[
594,
510,
644,
524
],
[
662,
510,
674,
524
],
[
703,
510,
721,
524
],
[
739,
510,
750,
524
],
[
759,
510,
803,
524
],
[
823,
510,
834,
524
],
[
842,
510,
888,
524
],
[
88,
526,
207,
540
],
[
574,
526,
585,
540
],
[
594,
526,
644,
540
],
[
662,
526,
674,
540
],
[
685,
526,
721,
540
],
[
739,
526,
750,
540
],
[
778,
526,
803,
540
],
[
823,
526,
834,
540
],
[
842,
526,
888,
540
],
[
88,
543,
158,
556
],
[
574,
543,
649,
556
],
[
662,
543,
726,
556
],
[
739,
543,
803,
556
],
[
823,
543,
888,
556
],
[
88,
569,
121,
583
],
[
88,
585,
144,
598
],
[
574,
585,
649,
598
],
[
662,
585,
721,
598
],
[
739,
585,
808,
598
],
[
823,
585,
888,
598
],
[
88,
600,
225,
613
],
[
594,
600,
644,
613
],
[
669,
600,
721,
613
],
[
746,
600,
813,
613
],
[
842,
600,
888,
613
],
[
88,
615,
263,
628
],
[
594,
615,
644,
628
],
[
685,
615,
721,
628
],
[
759,
615,
803,
628
],
[
842,
615,
888,
628
],
[
88,
630,
210,
644
],
[
608,
630,
644,
644
],
[
703,
630,
721,
644
],
[
778,
630,
803,
644
],
[
856,
630,
888,
644
],
[
88,
645,
298,
659
],
[
601,
645,
649,
659
],
[
685,
645,
721,
659
],
[
766,
645,
807,
659
],
[
849,
645,
888,
659
],
[
88,
662,
227,
675
],
[
574,
662,
585,
675
],
[
594,
662,
644,
675
],
[
662,
662,
667,
675
],
[
692,
662,
721,
675
],
[
739,
662,
808,
675
],
[
823,
662,
834,
675
],
[
842,
662,
888,
675
],
[
88,
678,
252,
691
],
[
574,
678,
585,
691
],
[
626,
678,
644,
691
],
[
662,
678,
674,
691
],
[
685,
678,
721,
691
],
[
739,
678,
750,
691
],
[
784,
678,
803,
691
],
[
823,
678,
834,
691
],
[
856,
678,
888,
691
],
[
88,
694,
212,
707
],
[
574,
694,
585,
707
],
[
601,
694,
644,
707
],
[
662,
694,
721,
707
],
[
739,
694,
750,
707
],
[
759,
694,
803,
707
],
[
823,
694,
834,
707
],
[
842,
694,
888,
707
],
[
88,
710,
241,
723
],
[
574,
710,
585,
723
],
[
594,
710,
644,
723
],
[
662,
710,
674,
723
],
[
703,
710,
721,
723
],
[
739,
710,
750,
723
],
[
759,
710,
803,
723
],
[
823,
710,
834,
723
],
[
842,
710,
888,
723
],
[
88,
726,
207,
740
],
[
574,
726,
585,
740
],
[
594,
726,
644,
740
],
[
662,
726,
674,
740
],
[
685,
726,
721,
740
],
[
739,
726,
750,
740
],
[
766,
726,
803,
740
],
[
823,
726,
834,
740
],
[
842,
726,
888,
740
],
[
88,
742,
158,
756
],
[
574,
742,
649,
756
],
[
662,
742,
726,
756
],
[
739,
742,
803,
756
],
[
823,
742,
888,
756
],
[
88,
772,
98,
783
],
[
104,
772,
510,
783
],
[
510,
772,
743,
783
],
[
88,
792,
97,
802
],
[
102,
792,
508,
802
],
[
508,
792,
885,
802
],
[
104,
803,
435,
814
],
[
88,
822,
97,
833
],
[
103,
822,
507,
833
],
[
507,
822,
908,
833
],
[
104,
834,
248,
845
],
[
88,
853,
97,
864
],
[
103,
853,
507,
864
],
[
506,
853,
901,
864
],
[
104,
865,
196,
876
],
[
88,
884,
97,
895
],
[
103,
884,
507,
895
],
[
506,
884,
895,
895
],
[
104,
896,
196,
906
],
[
735,
950,
890,
962
],
[
890,
950,
911,
962
]
] | [
6,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
5,
5
] | [
"Notes To Consolidated Financial Statements",
"Mining and ",
"Smelting and ",
"Eliminations",
"Exploration ",
"Refining ",
"and Other ",
"FCX Total",
"(In Thousands) ",
"2004",
"Revenues",
"$1,746,573$^{a}$ ",
"$873,700 ",
"$(248,407) ",
"$2,371,866",
"Production and delivery ",
"760,131 ",
" 914,452 ",
" (224,292)$^{b}$ ",
" 1,450,291",
"Depreciation and amortization ",
"168,195 ",
"28,632 ",
"9,581 ",
"206,408",
"Exploration expenses ",
"8,471 ",
"— ",
"193 ",
"8,664",
"General and administrative expenses ",
"151,944$^{c}$ ",
"14,196 ",
"(76,213)$^{c}$ ",
"89,927",
"Gain on insurance settlement ",
"(87,000) ",
"— ",
"— ",
"(87,000)",
"Operating income (loss) ",
"$ ",
"744,832 ",
"$ (83,580) ",
"$ ",
"42,324 ",
"$ ",
"703,576",
"Equity in PT Smelting earnings ",
"$ ",
"— ",
"$ ",
"2,045 ",
"$ ",
"— ",
"$ ",
"2,045",
"Interest expense, net ",
"$ ",
"22,209 ",
"$ 13,783 ",
"$ 112,111 ",
"$ ",
"148,103",
"Provision for income taxes ",
"$ ",
"266,372 ",
"$ ",
"— ",
"$ ",
"64,308 ",
"$ ",
"330,680",
"Capital expenditures ",
"$ ",
"119,426 ",
"$ 21,792 ",
"$ ",
"(219) ",
"$ ",
"140,999",
"Total assets ",
"$4,070,767$^{d}$ ",
"$753,883$^{e}$ ",
"$ 262,345 ",
"$5,086,995",
"2003",
"Revenues ",
"$1,744,580$^{a}$ ",
"$910,417 ",
"$(442,832) ",
"$2,212,165",
"Production and delivery ",
"631,951 ",
" 892,681 ",
" (453,306)$^{b}$ ",
" 1,071,326",
"Depreciation and amortization ",
"190,450 ",
"28,464 ",
"11,889 ",
"230,803",
"Exploration expenses ",
"6,284 ",
"— ",
"165 ",
"6,449",
"General and administrative expenses ",
"123,408$^{c}$ ",
"11,023 ",
"(54,152)$^{c}$ ",
"80,279",
"Operating income (loss) ",
"$ ",
"792,487 ",
"$ (21,751) ",
"$ ",
"52,572 ",
"$ ",
"823,308",
"Equity in PT Smelting earnings ",
"$ ",
"— ",
"$ ",
"5,609 ",
"$ ",
"— ",
"$ ",
"5,609",
"Interest expense, net ",
"$ ",
"44,861 ",
"$ 16,675 ",
"$ 135,481 ",
"$ ",
"197,017",
"Provision for income taxes ",
"$ ",
"273,378 ",
"$ ",
"— ",
"$ ",
"64,675 ",
"$ ",
"338,053",
"Capital expenditures ",
"$ ",
"129,029 ",
"$ ",
"9,941 ",
"$ ",
"216 ",
"$ ",
"139,186",
"Total assets ",
"$3,656,714$^{d}$ ",
"$689,213$^{e}$ ",
"$ 372,439 ",
"$4,718,366",
"2002",
"Revenues ",
"$1,519,010$^{a}$ ",
"$768,680 ",
"$(377,228) ",
"$1,910,462",
"Production and delivery ",
"554,870 ",
" 729,789 ",
" (346,197)$^{b}$ ",
"938,462",
"Depreciation and amortization ",
"218,716 ",
"27,652 ",
"14,078 ",
"260,446",
"Exploration expenses ",
"2,965 ",
"— ",
"147 ",
"3,112",
"General and administrative expenses ",
"55,302$^{c}$ ",
"8,675 ",
"4,328$^{c}$ ",
"68,305",
"Operating income (loss) ",
"$ ",
"687,157 ",
"$",
"2,564 ",
"$ (49,584) ",
"$ ",
"640,137",
"Equity in PT Smelting losses ",
"$ ",
"— ",
"$ ",
"4,181 ",
"$ ",
"— ",
"$ ",
"4,181",
"Interest expense, net ",
"$ ",
"71,424 ",
"$ 18,436 ",
"$ ",
"81,349 ",
"$ ",
"171,209",
"Provision for income taxes ",
"$ ",
"221,527 ",
"$ ",
"— ",
"$ ",
"23,991 ",
"$ ",
"245,518",
"Capital expenditures ",
"$ ",
"181,092 ",
"$ ",
"5,108 ",
"$ ",
"1,804 ",
"$ ",
"188,004",
"Total assets ",
"$3,339,449$^{d}$ ",
"$650,640$^{e}$ ",
"$ 202,104 ",
"$4,192,193",
"a.",
"Includes PT Freeport Indonesia’s sales to PT Smelting totaling $696.0 million in 2004, $",
"510.2 million in 2003 and $391.1 million in 2002.",
"b.",
"Includes deferrals (recognition) of intercompany profits on 25 percent of PT Freeport In",
"donesia’s sales to PT Smelting, for which the final sale has not occurred, totaling ",
"$13.8 million in 2004, $(7.0) million in 2003 and $8.4 million in 2002.",
"c.",
"Includes charges to the mining and exploration segment for FCX stock option exercises ",
"which are eliminated in consolidation totaling $87.3 million in 2004, $57.8 million in ",
"2003 and $5.5 million in 2002.",
"d.",
"Includes PT Freeport Indonesia’s trade receivables with PT Smelting totaling $87.5 milli",
"on at December 31, 2004, $33.5 million at December 31, 2003, and $51.2 million at ",
"December 31, 2002.",
"e.",
"Includes PT Freeport Indonesia’s equity investment in PT Smelting totaling $47.8 millio",
"n at December 31, 2004, $58.2 million at December 31, 2003, and $44.6 million at ",
"December 31, 2002.",
"2004 ANNUAL REPORT ",
"| 77"
] | train |
|
[
[
699,
43,
882,
51
],
[
905,
43,
945,
50
],
[
375,
404,
652,
414
],
[
666,
404,
944,
414
],
[
83,
404,
361,
414
],
[
375,
419,
653,
429
],
[
666,
419,
944,
429
],
[
83,
419,
252,
429
],
[
375,
433,
653,
443
],
[
666,
433,
944,
443
],
[
97,
433,
361,
443
],
[
375,
448,
468,
458
],
[
666,
448,
944,
458
],
[
83,
448,
361,
458
],
[
388,
462,
652,
473
],
[
666,
462,
944,
473
],
[
83,
462,
361,
473
],
[
375,
477,
652,
487
],
[
666,
477,
944,
487
],
[
83,
477,
361,
487
],
[
375,
492,
653,
502
],
[
666,
492,
944,
502
],
[
83,
492,
361,
502
],
[
375,
506,
652,
516
],
[
666,
506,
944,
516
],
[
83,
506,
361,
516
],
[
375,
521,
652,
531
],
[
666,
521,
883,
531
],
[
83,
521,
361,
531
],
[
375,
535,
652,
545
],
[
83,
535,
362,
545
],
[
355,
549,
361,
557
],
[
375,
550,
652,
560
],
[
83,
550,
355,
560
],
[
666,
550,
713,
560
],
[
375,
564,
652,
574
],
[
83,
564,
119,
574
],
[
119,
564,
361,
574
],
[
666,
564,
944,
574
],
[
375,
579,
652,
589
],
[
83,
579,
361,
589
],
[
666,
579,
944,
589
],
[
375,
593,
652,
604
],
[
83,
593,
361,
604
],
[
666,
593,
944,
604
],
[
375,
608,
652,
618
],
[
83,
608,
361,
618
],
[
666,
608,
944,
618
],
[
375,
622,
652,
633
],
[
83,
622,
361,
633
],
[
666,
622,
945,
633
],
[
375,
637,
653,
647
],
[
83,
637,
361,
647
],
[
666,
637,
944,
647
],
[
375,
652,
652,
662
],
[
83,
652,
361,
662
],
[
666,
652,
944,
662
],
[
375,
666,
652,
676
],
[
83,
666,
361,
676
],
[
666,
666,
944,
676
],
[
375,
681,
658,
691
],
[
83,
681,
361,
691
],
[
666,
681,
887,
691
],
[
375,
695,
652,
705
],
[
83,
695,
366,
705
],
[
680,
695,
944,
705
],
[
375,
710,
653,
720
],
[
83,
710,
110,
720
],
[
114,
710,
361,
720
],
[
666,
710,
944,
720
],
[
375,
724,
658,
734
],
[
83,
724,
361,
734
],
[
666,
724,
944,
734
],
[
375,
739,
471,
749
],
[
83,
739,
162,
749
],
[
666,
739,
944,
749
],
[
262,
753,
267,
760
],
[
307,
753,
312,
760
],
[
388,
753,
652,
764
],
[
97,
753,
262,
764
],
[
666,
753,
949,
764
],
[
271,
753,
307,
764
],
[
317,
753,
361,
764
],
[
375,
768,
652,
778
],
[
666,
768,
806,
778
],
[
83,
768,
361,
778
],
[
375,
783,
652,
793
],
[
83,
783,
361,
793
],
[
375,
797,
653,
807
],
[
83,
797,
361,
807
],
[
375,
812,
652,
822
],
[
83,
812,
361,
822
],
[
375,
826,
652,
836
],
[
83,
826,
361,
836
],
[
375,
841,
653,
851
],
[
83,
841,
361,
851
],
[
375,
855,
652,
865
],
[
83,
855,
269,
865
],
[
375,
870,
658,
880
],
[
97,
870,
361,
880
],
[
398,
884,
408,
891
],
[
375,
884,
397,
895
],
[
83,
884,
361,
895
],
[
411,
884,
655,
895
],
[
83,
899,
367,
909
],
[
375,
899,
390,
909
],
[
394,
899,
658,
909
],
[
83,
913,
361,
924
],
[
375,
913,
658,
924
],
[
83,
928,
361,
938
],
[
375,
928,
656,
938
],
[
676,
934,
889,
941
],
[
666,
934,
670,
940
],
[
83,
943,
361,
953
],
[
375,
943,
652,
953
],
[
676,
945,
800,
952
],
[
666,
945,
675,
951
]
] | [
6,
6,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
8,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
2,
2,
10,
10,
2,
2
] | [
"Bombardier Inc. Annual Report 2003-04",
"page 35",
"boost the efficiency of European rail traffic sys-",
"project. As a partner in the Metronet consortia",
"spending by public agencies and continued",
"tems by easing cross-border traffic, leading to",
"and a turnkey supplier to the project, Bombardier",
"growth of the services sector.",
"increased capacities, higher speeds and lower",
"Transportation’s portion of the work is worth some",
"Meanwhile, Bombardier Transportation has",
"operating costs.",
"£3.4 billion or $7.9 billion over 15 years. The sheer",
"maintained its commitment to the development",
"Bombardier Transportation booked new orders",
"magnitude of the London project—and its vital",
"of new technologies that will provide customers",
"worth a total of $15.7 billion in fiscal year 2004.",
"importance to the future of urban transport in one",
"with added value in terms of lower operating costs",
"Significant new contracts reflected both the",
"of the world’s great cities—further underscores",
"and improved asset utilization. For instance, at the",
"breadth of the group’s portfolio and its worldwide",
"the group’s leadership role and the confidence it",
"55th International Association of Public Transport",
"geographic reach. Included were a $729-million",
"has earned in the global marketplace.",
"(UITP) World Congress in Madrid in May 2003,",
"contract for a fully automated rapid transit sys-",
"the group unveiled its new Fully Integrated",
"*",
"tem in Taipei; an order from Deutsche Bahn for",
"Composite Assembly System (Bombardier",
"Outlook",
"233 double-deck cars valued at $495 million; an",
"FICAS",
"$^{*}$) technology. The FICAS technology uti-",
"Forecasters expect the worldwide accessible rail",
"order from Austrian Railways (ÖBB) for 240 elec-",
"lizes thin, modularized “sandwich” materials and",
"market to continue growing by 3-5% annually over",
"trical multiple unit cars valued at $248 million; a",
"composite assembly techniques that enable",
"the next five years. Moreover, the services and",
"$191-million order from the Brussels Transport",
"design engineers to reduce the thickness of a",
"total transit systems markets—which are among",
"Authority (STIB) for 46 trams plus overhaul serv-",
"vehicle sidewall by some 75%. The benefits",
"Bombardier Transportation’s strengths—are",
"ices; a $170-million order from Italian State",
"include more inner space, which translates into",
"expected to outstrip that pace. With the major",
"Railways (Trenitalia) for 48 electric passenger loco-",
"higher capacity—up to 10% more passengers for",
"restructuring now being implemented, the group",
"motives; an order from Swiss Federal Railways",
"a given exterior vehicle dimension—and lower",
"will be even better positioned to capitalize on",
"(SBB) for 18 multi-system freight locomotives ",
"vehicle weight, hence less energy consumption.",
"attractive long-term growth prospects.",
"valued at $103 million; and a $40-million order",
"An advanced version of Bombardier’s proven ",
"A relentless focus on costs, productivity and",
"from the Ministry of Railways of the People’s",
"C20",
"Stockholm Metro vehicle, incorporating",
"improved project management should translate",
"Republic of China for 38 high-grade intercity ",
"FICAS technology, entered commercial service",
"into enhanced earnings power, as Bombardier",
"passenger cars. ",
"later in 2003. ",
"Transportation forges ahead with delivery of its",
"*",
"*",
"Noteworthy contract wins on the services side",
"Then there’s the Bombardier",
"$31.4-billion year-end backlog while pursuing ",
"Mitrac",
"energy-",
"included long-term vehicle maintenance agree-",
"profitable new business.",
"saving solution, based on high-performance dou-",
"ments with the Massachusetts Bay Transportation",
"ble-layer capacitors, which can reduce the energy",
"Authority and the Southern California Regional",
"consumption of a light rail system by up to 30%.",
"Railway Authority in the United States. In February",
"With the Mitrac energy saver solution, Bombardier",
"2004, subsequent to fiscal year end, a consortium",
"Transportation engineers overcame the chal-",
"comprised of Bombardier Transportation and",
"lenge of incorporating an energy recycling system",
"Patentes Talgo was selected by Spanish National",
"into a low-floor light rail system. ",
"Railways (RENFE) to maintain its fleet of 16 ",
"The group also has pioneered the first com-",
"**",
"AVE",
"mercial applications of the state-of-the-art Level 2",
"S 102 very high-speed trains for a period of ",
"European Rail Traffic Management System ",
"14",
"years. Bombardier’s share of that contract ",
"(ERTMS), which established a punctuality record",
"is valued at approximately $208 million. Work ",
"of close to 100% during a pilot project in Switzer-",
"also got underway during fiscal year 2004 on the ",
"Trademarks(s) of Bombardier Inc. or its subsidiaries.",
"*",
"land. The new ERTMS standard will considerably",
"early stages of the massive London Underground",
"AVE is a trademark of RENFE.",
"**"
] | train |
|
[
[
66,
37,
80,
45
],
[
93,
38,
230,
45
],
[
480,
152,
572,
165
],
[
539,
152,
702,
165
],
[
480,
192,
488,
202
],
[
542,
192,
868,
202
],
[
73,
192,
419,
202
],
[
480,
211,
496,
221
],
[
737,
211,
857,
221
],
[
73,
212,
444,
222
],
[
480,
231,
495,
241
],
[
636,
231,
878,
241
],
[
73,
232,
434,
242
],
[
480,
250,
537,
260
],
[
713,
250,
867,
260
],
[
73,
251,
445,
261
],
[
480,
269,
498,
279
],
[
628,
269,
877,
279
],
[
73,
271,
215,
281
],
[
480,
288,
518,
299
],
[
518,
288,
563,
299
],
[
73,
301,
451,
311
],
[
60,
303,
67,
309
],
[
480,
318,
494,
328
],
[
493,
318,
866,
328
],
[
73,
320,
459,
331
],
[
480,
337,
520,
347
],
[
520,
337,
855,
347
],
[
73,
340,
460,
350
],
[
480,
356,
543,
366
],
[
725,
356,
880,
366
],
[
480,
376,
502,
386
],
[
496,
376,
877,
386
],
[
60,
390,
439,
400
],
[
480,
395,
551,
405
],
[
618,
395,
849,
405
],
[
60,
409,
444,
420
],
[
480,
414,
532,
424
],
[
629,
414,
872,
424
],
[
60,
429,
429,
439
],
[
480,
434,
528,
444
],
[
698,
434,
878,
444
],
[
60,
459,
436,
469
],
[
480,
463,
498,
473
],
[
597,
463,
846,
473
],
[
60,
479,
457,
489
],
[
480,
482,
503,
492
],
[
668,
482,
699,
492
],
[
60,
498,
425,
508
],
[
492,
511,
864,
521
],
[
480,
513,
487,
519
],
[
60,
518,
455,
528
],
[
492,
531,
866,
541
],
[
60,
538,
458,
548
],
[
492,
550,
869,
560
],
[
60,
558,
318,
568
],
[
318,
558,
402,
568
],
[
402,
558,
441,
568
],
[
492,
569,
644,
579
],
[
60,
577,
410,
587
],
[
60,
597,
420,
607
],
[
492,
598,
855,
609
],
[
480,
601,
487,
607
],
[
60,
617,
440,
627
],
[
492,
618,
872,
628
],
[
60,
637,
427,
647
],
[
492,
637,
864,
647
],
[
60,
656,
367,
666
],
[
367,
656,
413,
666
],
[
417,
656,
428,
666
],
[
492,
656,
730,
667
],
[
60,
676,
422,
686
],
[
492,
686,
878,
696
],
[
480,
688,
487,
694
],
[
60,
696,
325,
706
],
[
325,
696,
380,
706
],
[
384,
696,
460,
706
],
[
492,
715,
868,
725
],
[
60,
716,
457,
726
],
[
480,
717,
487,
723
],
[
492,
734,
849,
744
],
[
60,
735,
100,
745
],
[
100,
735,
121,
745
],
[
125,
735,
329,
745
],
[
492,
753,
856,
764
],
[
492,
773,
501,
783
],
[
499,
773,
638,
783
],
[
492,
802,
864,
812
],
[
480,
804,
487,
810
],
[
492,
821,
877,
831
],
[
492,
841,
645,
851
],
[
648,
841,
665,
848
],
[
60,
885,
82,
894
],
[
86,
885,
368,
894
],
[
594,
885,
809,
894
],
[
89,
897,
443,
906
],
[
757,
897,
786,
906
],
[
89,
908,
475,
918
],
[
786,
908,
814,
918
],
[
89,
920,
334,
929
],
[
89,
939,
365,
948
],
[
525,
939,
803,
948
],
[
89,
951,
198,
960
]
] | [
6,
6,
8,
8,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
4,
4,
10,
10,
4,
10,
10,
4,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
4,
4,
10,
4,
10,
4,
10,
10,
10,
4,
10,
10,
4,
4,
10,
4,
10,
4,
10,
10,
10,
4,
10,
4,
4,
10,
10,
10,
4,
10,
4,
4,
10,
10,
10,
4,
4,
4,
4,
4,
4,
4,
4,
2,
2,
2,
2,
2,
2,
2,
2,
5,
5,
5
] | [
"12",
"VORNADO REALTY TRUST",
"Corporate",
"Governance",
"It",
"is our foremost priority to conduct our business with ",
"front on the wide avenues. We expanded the site by",
"the",
"highest level of ethics and corporate responsibility—",
"building two, twenty foot high below-grade floors (nine",
"and",
"we do. Our trustees’ refined sense of right and wrong,",
"foot basements would not have worked), one of which",
"knowledge",
"of our business, questioning nature, devotion to",
"Sandeep leased to The Home Depot and the other was",
"and",
"ownership stake in Vornado are the foundation of our",
"leased to Bloomberg.",
"gover",
"nance.",
"The office component makes money, and also serves as a",
"■",
"W",
"e have now completed codification of our Corporate",
"pedestal 475 feet in the air on which sits the 23 story apart-",
"Gover",
"nance Program, putting us in compliance with the",
"ment component, creating towering views and terrific value.",
"applicable",
"securities laws and stock exchange requirements.",
"This",
"program included the adoption/amendment of charters,",
"In February 2004, Alexander’s completed a $400 million",
"guidelines",
"and codes which are all available on our ",
"ten-year financing of the office portion of the 59th Street",
"website.",
"In addition, our Board has determined that five",
"project, at a 5.33% interest rate. Thanks again Wendy.",
"existing",
"trustees, constituting a majority, are independent.",
"Last year’s annual letter had a section entitled “The Anti-",
"Our",
"Corporate Governance Committee and the Board",
"Reality Show Called Accounting.” Here’s another interesting",
"have",
"the following observations:",
"accounting quirk. Alexander’s has outstanding 100,000",
"Six of our nine Trustees have a nine-figure investment in",
"■",
"stock options and 850,000 stock appreciation rights (SARs)",
"Vornado and a seventh has an eight-figure investment—",
"at an average strike price of about $72. Accounting requires",
"extraordinary. And, believe me, these Trustees really care",
"that these SARs be marked-to-market ",
"each quarter",
". Let’s",
"about their investment.",
"look at the effect. Alexander’s trading price has been",
"bouncing around, but let’s assume a price of $150 per",
"Six of our nine Trustees are life-long real estate profes-",
"■",
"share, a price that exceeds the strike price by about $78.",
"sionals, which is very helpful. But, it should be noted that",
"Therefore, Alexander’s earnings has or will be charged",
"the Board believes that it would benefit from the addition ",
"about $66 million and Vornado’s share of this ",
"charge",
"is",
"of one or more generalist members.",
"about $22 million—all this at the same time Vornado is",
"Our Board believes it would benefit from a dose of youth.",
"■",
"enjoying a $129 million mark-to-market ",
"increase",
"in the value",
"Our Board thinks that it would be better to increase the",
"of its Alexander’s investment, which under today’s account-",
"■",
"current five to four ratio of independent to non-inde-",
"ing is ",
"not",
"reflected in earnings—strange.",
"pendent Trustees by adding one or two independent",
"T",
"rustees, and we will.",
"For the moment, our Board has determined to maintain ",
"■",
"its classified structure and that it is okay for me to serve",
"as Chairman and CEO.",
"(17)",
"(17)",
"On another governance matter, in 1998 Vornado",
"made a $50 million investment in Capital Trust (now reduced to $30 mil-",
"lion through repayment), a publicly-traded mezzanine lender",
"In connection therewith I was elected to the Capital Trust",
"Board representing Vornado. Because Vornado and Capital Trust",
"from time to time compete, I have decided not to stand",
"for re-election to the Capital Trust Board.",
"Further, it is our general policy that Vornado’",
"senior officers will not serve as directors of for-profit entities unless it",
"benefits Vornado."
] | train |
|
[
[
513,
118,
875,
130
],
[
477,
147,
521,
159
],
[
580,
147,
624,
159
],
[
687,
147,
731,
159
],
[
788,
147,
832,
159
],
[
883,
147,
927,
159
],
[
186,
184,
198,
190
],
[
104,
186,
186,
196
],
[
119,
200,
269,
210
],
[
489,
200,
526,
210
],
[
593,
200,
630,
210
],
[
704,
200,
741,
210
],
[
803,
200,
841,
210
],
[
892,
200,
929,
210
],
[
119,
215,
266,
224
],
[
482,
215,
518,
224
],
[
586,
215,
622,
224
],
[
696,
215,
733,
224
],
[
803,
215,
833,
224
],
[
892,
215,
921,
224
],
[
119,
229,
308,
238
],
[
489,
229,
515,
238
],
[
593,
229,
622,
238
],
[
704,
229,
733,
238
],
[
803,
229,
833,
238
],
[
892,
229,
921,
238
],
[
119,
243,
369,
253
],
[
476,
243,
515,
253
],
[
580,
243,
622,
253
],
[
690,
243,
733,
253
],
[
790,
243,
833,
253
],
[
878,
243,
921,
253
],
[
237,
256,
247,
262
],
[
489,
258,
515,
267
],
[
593,
258,
622,
267
],
[
704,
258,
733,
267
],
[
803,
258,
833,
267
],
[
892,
258,
921,
267
],
[
119,
258,
236,
267
],
[
263,
270,
273,
276
],
[
275,
270,
286,
276
],
[
119,
272,
263,
281
],
[
489,
272,
518,
281
],
[
594,
272,
622,
281
],
[
704,
272,
733,
281
],
[
803,
272,
833,
281
],
[
892,
272,
921,
281
],
[
119,
286,
347,
295
],
[
489,
286,
515,
295
],
[
593,
286,
622,
295
],
[
704,
286,
733,
295
],
[
803,
286,
833,
295
],
[
893,
286,
921,
295
],
[
208,
298,
218,
304
],
[
119,
300,
207,
310
],
[
482,
300,
518,
310
],
[
586,
300,
622,
310
],
[
696,
300,
733,
310
],
[
796,
300,
833,
310
],
[
884,
300,
921,
310
],
[
288,
313,
299,
319
],
[
300,
313,
311,
319
],
[
119,
315,
288,
324
],
[
482,
315,
518,
324
],
[
586,
315,
622,
324
],
[
696,
315,
733,
324
],
[
796,
315,
833,
324
],
[
884,
315,
921,
324
],
[
119,
329,
242,
338
],
[
482,
329,
515,
338
],
[
586,
329,
622,
338
],
[
696,
329,
733,
338
],
[
796,
329,
833,
338
],
[
884,
329,
921,
338
],
[
104,
355,
238,
364
],
[
119,
369,
332,
378
],
[
229,
381,
239,
387
],
[
489,
383,
526,
392
],
[
593,
383,
630,
392
],
[
704,
383,
741,
392
],
[
803,
383,
841,
392
],
[
892,
383,
929,
392
],
[
133,
383,
229,
392
],
[
119,
397,
370,
407
],
[
264,
410,
274,
416
],
[
133,
412,
264,
421
],
[
475,
412,
515,
421
],
[
579,
412,
622,
421
],
[
689,
412,
733,
421
],
[
789,
412,
833,
421
],
[
877,
412,
921,
421
],
[
119,
426,
346,
435
],
[
133,
440,
225,
449
],
[
489,
440,
515,
449
],
[
593,
440,
622,
449
],
[
704,
440,
733,
449
],
[
803,
440,
833,
449
],
[
892,
440,
921,
449
],
[
104,
466,
304,
475
],
[
119,
480,
277,
489
],
[
489,
480,
526,
489
],
[
593,
480,
630,
489
],
[
704,
480,
741,
489
],
[
803,
480,
841,
489
],
[
892,
480,
929,
489
],
[
119,
494,
287,
504
],
[
482,
494,
515,
504
],
[
593,
494,
622,
504
],
[
696,
494,
733,
504
],
[
803,
494,
833,
504
],
[
892,
494,
921,
504
],
[
119,
509,
282,
518
],
[
483,
509,
518,
518
],
[
587,
509,
622,
518
],
[
697,
509,
733,
518
],
[
796,
509,
833,
518
],
[
884,
509,
921,
518
],
[
104,
533,
114,
539
],
[
121,
535,
934,
544
],
[
121,
546,
179,
556
],
[
104,
563,
114,
569
],
[
121,
565,
934,
575
],
[
121,
577,
312,
586
],
[
104,
594,
114,
600
],
[
121,
596,
759,
605
],
[
104,
613,
114,
619
],
[
121,
615,
934,
624
],
[
121,
626,
675,
635
],
[
104,
643,
114,
649
],
[
121,
645,
934,
654
],
[
104,
662,
114,
668
],
[
121,
664,
934,
673
],
[
121,
675,
162,
685
],
[
104,
692,
114,
698
],
[
121,
694,
934,
704
],
[
121,
705,
222,
715
],
[
493,
960,
506,
969
]
] | [
8,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
5
] | [
"At or For the Years Ended December 31,",
"2002",
"2001",
"2000",
"1999",
"1998",
"(3)",
"Key Ratios ",
"Return on average assets",
"1.26%",
"1.02%",
"0.94%",
"0.70%",
"0.93%",
"Return on average equity",
"13.12 ",
"10.83 ",
"10.75 ",
"7.84 ",
"8.47 ",
"Equity to assets at end of period",
"8.89",
"9.42 ",
"9.10 ",
"8.59 ",
"8.84 ",
"Earning assets to interest-bearing liabilities",
"117.24",
"116.99 ",
"114.66 ",
"112.83 ",
"114.55 ",
"(4)",
"4.13",
"3.52 ",
"3.36 ",
"3.50 ",
"3.48 ",
"Interest rate spread ",
"(4)",
"(5)",
"Net interest margin (TE) ",
"4.49 ",
"4.11 ",
"3.95 ",
"3.96 ",
"4.03 ",
"Noninterest expense to average assets",
"3.01",
"2.94 ",
"2.87 ",
"3.31 ",
"3.11 ",
"(6)",
"Efficiency ratio ",
"56.85 ",
"60.02 ",
"61.99 ",
"70.81 ",
"66.22 ",
"(2)",
"(5)",
"Tangible efficiency ratio (TE) ",
"55.03 ",
"55.03 ",
"56.72 ",
"65.29 ",
"62.12 ",
"Dividend payout ratio",
"23.68",
"28.71 ",
"31.42 ",
"41.88 ",
"36.56 ",
"Asset Quality Data",
"Nonperforming assets to total assets",
"(7)",
"0.42%",
"0.91%",
"0.57%",
"0.24%",
"0.44%",
"at end of period ",
"Allowance for loan losses to nonperforming",
"(7)",
"loans at end of period ",
"301.64",
"159.86 ",
"135.78 ",
"279.25 ",
"124.37 ",
"Allowance for loan losses to total loans",
"at end of period",
"1.25",
"1.16 ",
"1.09 ",
"1.04 ",
"0.93 ",
"Consolidated Capital Ratios",
"Tier 1 leverage capital ratio",
"7.62%",
"6.95%",
"6.67%",
"6.26%",
"5.81%",
"Tier 1 risk-based capital ratio",
"10.66",
"9.96 ",
"10.05 ",
"9.42 ",
"9.89 ",
"Total risk-based capital ratio",
"11.89 ",
"11.09 ",
"11.19 ",
"10.43 ",
"10.80 ",
"(1)",
"Shares used for book value purposes exclude shares held in treasury and unreleased shares allocated to the Employee Stock Ownership Plan at the end of",
"the period.",
"(2)",
"Tangible calculations eliminate the effect of goodwill and acquisition related intangible assets and the corresponding amortization expense on a",
"tax-effected basis where applicable.",
"(3)",
"With the exception of end-of-period ratios, all ratios are based on average daily balances during the respective periods.",
"(4)",
"Interest rate spread represents the difference between the weighted average yield on earning assets and the weighted average cost of interest-bearing",
"liabilities. Net interest margin represents net interest income as a percentage of average earning assets.",
"(5)",
"Fully taxable equivalent (TE) calculations include the tax benefit associated with related income sources that are tax-exempt using a marginal tax rate of 35%.",
"(6)",
"The efficiency ratio represents noninterest expense as a percentage of total revenues. Total revenues is the sum of net interest income and noninterest",
"income.",
"(7)",
"Nonperforming loans consist of nonaccruing loans and loans 90 days or more past due. Nonperforming assets consist of nonperforming loans and",
"repossessed assets.",
"17"
] | train |
|
[
[
368,
61,
615,
72
],
[
91,
115,
574,
135
],
[
91,
156,
444,
173
],
[
92,
174,
327,
191
],
[
100,
222,
370,
233
],
[
629,
242,
752,
251
],
[
504,
254,
617,
267
],
[
760,
254,
875,
267
],
[
470,
277,
520,
291
],
[
549,
277,
605,
291
],
[
625,
277,
661,
291
],
[
728,
277,
776,
291
],
[
806,
277,
918,
291
],
[
472,
287,
518,
303
],
[
549,
287,
602,
303
],
[
630,
287,
656,
303
],
[
729,
287,
775,
303
],
[
806,
287,
859,
303
],
[
887,
287,
912,
303
],
[
100,
318,
139,
326
],
[
885,
324,
922,
332
],
[
808,
324,
855,
334
],
[
715,
325,
781,
334
],
[
114,
326,
220,
337
],
[
459,
326,
524,
337
],
[
551,
326,
599,
337
],
[
629,
326,
668,
337
],
[
885,
335,
911,
343
],
[
822,
336,
856,
345
],
[
735,
336,
781,
346
],
[
115,
338,
244,
352
],
[
477,
338,
525,
352
],
[
566,
338,
599,
352
],
[
629,
338,
654,
352
],
[
885,
348,
910,
356
],
[
815,
348,
855,
357
],
[
724,
348,
782,
358
],
[
129,
350,
218,
362
],
[
466,
350,
525,
362
],
[
559,
350,
598,
362
],
[
629,
350,
653,
362
],
[
886,
360,
910,
368
],
[
834,
360,
855,
368
],
[
744,
361,
782,
370
],
[
115,
362,
219,
375
],
[
485,
362,
525,
375
],
[
577,
362,
599,
375
],
[
629,
362,
654,
375
],
[
886,
371,
911,
380
],
[
835,
372,
856,
380
],
[
744,
372,
782,
382
],
[
116,
374,
178,
389
],
[
486,
374,
525,
389
],
[
585,
374,
599,
389
],
[
629,
374,
654,
389
],
[
886,
383,
910,
391
],
[
810,
383,
855,
392
],
[
724,
384,
782,
393
],
[
115,
385,
155,
396
],
[
467,
385,
525,
396
],
[
559,
385,
599,
396
],
[
629,
385,
654,
396
],
[
742,
395,
783,
405
],
[
130,
397,
290,
409
],
[
485,
397,
524,
409
],
[
592,
397,
600,
409
],
[
885,
407,
911,
415
],
[
810,
407,
855,
416
],
[
724,
408,
782,
417
],
[
559,
409,
599,
418
],
[
629,
409,
654,
418
],
[
116,
410,
237,
421
],
[
466,
410,
524,
421
],
[
574,
410,
577,
421
],
[
886,
419,
908,
427
],
[
724,
420,
782,
430
],
[
810,
420,
855,
429
],
[
130,
421,
245,
435
],
[
467,
421,
525,
435
],
[
552,
421,
599,
435
],
[
629,
421,
654,
435
],
[
726,
432,
782,
442
],
[
115,
435,
240,
446
],
[
468,
435,
524,
446
],
[
709,
445,
781,
454
],
[
130,
447,
197,
457
],
[
452,
447,
525,
457
],
[
101,
473,
327,
483
],
[
886,
479,
923,
488
],
[
818,
480,
855,
489
],
[
709,
480,
781,
490
],
[
115,
481,
235,
495
],
[
452,
481,
525,
495
],
[
567,
481,
599,
495
],
[
630,
481,
668,
495
],
[
887,
491,
911,
499
],
[
834,
491,
855,
500
],
[
737,
492,
782,
501
],
[
116,
493,
212,
506
],
[
479,
493,
525,
506
],
[
577,
493,
600,
506
],
[
630,
493,
654,
506
],
[
886,
502,
909,
511
],
[
816,
503,
856,
512
],
[
724,
503,
782,
513
],
[
115,
504,
229,
516
],
[
467,
504,
525,
516
],
[
559,
504,
600,
516
],
[
629,
504,
654,
516
],
[
886,
514,
911,
523
],
[
816,
515,
856,
525
],
[
724,
515,
783,
525
],
[
130,
517,
248,
528
],
[
260,
517,
308,
528
],
[
467,
517,
525,
528
],
[
559,
517,
599,
528
],
[
629,
517,
653,
528
],
[
886,
527,
911,
536
],
[
817,
528,
856,
537
],
[
725,
528,
782,
538
],
[
116,
529,
420,
543
],
[
468,
529,
525,
543
],
[
567,
529,
599,
543
],
[
629,
529,
654,
543
],
[
885,
539,
910,
547
],
[
817,
539,
854,
548
],
[
726,
540,
782,
549
],
[
115,
541,
244,
552
],
[
468,
541,
525,
552
],
[
567,
541,
600,
552
],
[
629,
541,
654,
552
],
[
884,
550,
910,
559
],
[
823,
551,
854,
560
],
[
737,
551,
780,
560
],
[
116,
552,
254,
564
],
[
479,
552,
525,
564
],
[
567,
552,
599,
564
],
[
630,
552,
654,
564
],
[
887,
562,
911,
571
],
[
816,
563,
855,
572
],
[
724,
563,
783,
573
],
[
130,
564,
314,
578
],
[
467,
564,
525,
578
],
[
559,
564,
599,
578
],
[
629,
564,
654,
578
],
[
726,
576,
783,
585
],
[
116,
578,
216,
590
],
[
468,
578,
525,
590
],
[
737,
587,
782,
597
],
[
116,
589,
206,
599
],
[
479,
589,
525,
599
],
[
735,
598,
782,
607
],
[
116,
600,
236,
613
],
[
478,
600,
525,
613
],
[
709,
611,
781,
620
],
[
130,
612,
366,
626
],
[
452,
612,
525,
626
],
[
887,
636,
924,
645
],
[
816,
637,
856,
646
],
[
100,
639,
330,
652
],
[
559,
639,
599,
652
],
[
629,
639,
668,
652
],
[
887,
648,
911,
656
],
[
101,
650,
444,
664
],
[
630,
650,
655,
664
],
[
825,
660,
856,
670
],
[
101,
662,
282,
676
],
[
567,
662,
600,
676
],
[
816,
672,
856,
682
],
[
101,
674,
232,
686
],
[
559,
674,
600,
686
],
[
818,
684,
856,
694
],
[
101,
686,
245,
697
],
[
560,
686,
599,
697
],
[
816,
696,
854,
705
],
[
101,
698,
243,
711
],
[
559,
698,
600,
711
],
[
811,
707,
854,
717
],
[
101,
709,
244,
723
],
[
559,
709,
599,
723
],
[
816,
720,
856,
729
],
[
101,
722,
226,
733
],
[
559,
722,
599,
733
],
[
818,
731,
856,
740
],
[
101,
733,
268,
744
],
[
560,
733,
600,
744
],
[
802,
744,
856,
753
],
[
101,
745,
172,
758
],
[
545,
745,
600,
758
],
[
101,
772,
416,
784
],
[
116,
784,
186,
792
],
[
130,
791,
162,
804
],
[
567,
791,
599,
804
],
[
824,
791,
856,
804
],
[
131,
805,
173,
817
],
[
567,
805,
600,
817
],
[
823,
805,
854,
817
],
[
0,
816,
1000,
822
],
[
94,
831,
96,
846
],
[
94,
831,
96,
846
],
[
111,
831,
882,
846
],
[
111,
831,
882,
846
],
[
93,
847,
97,
860
],
[
93,
847,
97,
860
],
[
111,
847,
236,
860
],
[
111,
847,
236,
860
],
[
111,
853,
887,
867
],
[
112,
866,
635,
877
],
[
93,
964,
109,
973
]
] | [
6,
8,
8,
8,
10,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
5
] | [
"BOK FINANCIAL CORPORATION",
"Quarterly Financial Summary — Unaudited",
"Consolidated Daily Average Balances,",
"Average Yields and Rates",
"(Dollars in Thousands Except Per Share Data)",
"Three Months Ended",
"December 31, 2001",
"September 30, 2001",
"Average",
"Revenue/",
" Yield/",
"Average",
"Revenue/ ~ Yield/",
"Balance",
"Expense!",
"Rate",
"Balance",
"Expen se!",
"Rate",
"Assets",
"6.18%",
"$44,705",
"$2,869,680",
"Taxable securities",
"$3,177,731",
"$45,777",
"5.72%",
"6.80",
"4,554",
"265,608",
"Tax-exempt securities",
"238,634",
"4,274",
"7.11",
"6.23",
"49,259",
"3,135,288",
"Total securities",
"3,416,365",
"50,051",
"5.81",
"5.36",
"223",
"16,498",
"Trading securities",
"22,508",
"245",
"4.32",
"3.62",
"130",
"14,229",
"Funds sold",
"14,362",
"85",
"2.35",
"7.41",
"114,165",
"6,065,512",
"Loans“",
"6,203,512",
"99,643",
"6.37",
"93,884",
"Less reserve for loan losses",
"99,541",
"-",
"7:58",
"114,165",
"5,971,628",
"99,643",
"6.48",
"Loans, net of reserve",
"6,103,971",
"A",
"7:4",
"9,137,643",
"163,777",
"Total earning assets",
"9,557,206",
"150,024",
"6.23",
"1,007,684",
"Cash and other assets",
"1,008,111",
"$10,145,327",
"Total assets",
"$10,565,317",
"Liabilities and Shareholders’ Equity",
"2.08%",
"11,917",
"$ 2,278,393",
"Transaction deposits",
"$ 2,429,978",
"9,933",
"1.62%",
"1.46",
"575",
"155,908",
"Savings deposits",
"158,040",
"489",
"1.23",
"5.01",
"38,287",
"3,030,759",
"Other time deposits",
"2,839,770",
"30,744",
"4.30",
"3.69",
"50,779",
"5,465,060",
"Total interest-bearing",
"deposits",
"5,427,788",
"41,166",
"3.01",
"3.57",
"12,976",
"1,440,556",
"Federal funds purchased and repurchase agreements",
"1,701,655",
"8,813",
"2.05",
"4.17",
"10,711",
"1,019,123",
"Other borrowed funds",
"1,088,792",
"8,460",
"3.08",
"6.10",
"2,871",
"186,631",
"Subordinated debenture",
"186,409",
"2,764",
"5.88",
"3.78",
"77,337",
"8,111,370",
"Total interest-bearing liabilities",
"8,404,644",
"61,203",
"2.89",
"1,093,442",
"Demand deposits",
"1,150,498",
"143,298",
"Other liabilities",
"174,891",
"797,217",
"Shareholders” equity",
"835,284",
"$10,145,327",
"Total liabilities and shareholders equity",
"$10,565,317",
"3.33%",
"86,440",
"Tax-equivalent Net Interest Revenue",
"88,821",
"3.34%",
"3.75",
"Tax-equivalent Net Interest Revenue to Earning Assets",
"3.69",
"1,914",
"Less tax-equivalent adjustment",
"1,802",
"84,526",
"Net Interest Revenue",
"87,019",
"11,023",
"Provision for loan losses",
"10,517",
"76,091",
"Other operating reventie",
"55,260",
"103,591",
"Other operating expense",
"84,801",
"46,003",
"Income before taxes",
"46,961",
"16,216",
"Federal-and state income tax",
"16,829",
"$ 29,787",
"Net Income",
"$ 30,132",
"Earnings Per Average Common Share Equivalent:",
"Net:income:",
"Basic",
"$0.58",
"$0.58",
"Diluted",
"$0.52",
"$0.51",
"een een EEE irn TnnErEe naar",
"’",
"’",
"Tax equivalent at the statutory federal and state rates of 38.9% for the periods presented. The taxable equivalent adjustments ‘shown are for",
"Tax equivalent at the statutory federal and state rates of 38.9% for the periods presented. The taxable equivalent adjustments ‘shown are for",
"5",
"5",
"comparative purposes.",
"comparative purposes.",
"The loan averages included loans on which the accrual of interest has been discounted and are stated net of unearned income. See Note 1 of",
"Notes to the Consolidated Financial Statements for a description of income recognition policy.",
"62"
] | train |
|
[
[
66,
37,
80,
45
],
[
93,
38,
230,
45
],
[
60,
152,
257,
165
],
[
480,
152,
583,
165
],
[
582,
152,
599,
165
],
[
60,
192,
424,
202
],
[
480,
192,
502,
202
],
[
590,
192,
862,
202
],
[
60,
212,
439,
222
],
[
480,
212,
502,
222
],
[
763,
212,
863,
222
],
[
60,
232,
345,
242
],
[
480,
232,
499,
242
],
[
498,
232,
865,
242
],
[
480,
252,
508,
262
],
[
842,
252,
877,
262
],
[
60,
261,
419,
272
],
[
480,
271,
521,
281
],
[
566,
271,
879,
281
],
[
60,
281,
451,
291
],
[
480,
291,
489,
301
],
[
647,
291,
663,
301
],
[
60,
301,
449,
311
],
[
60,
321,
454,
331
],
[
480,
321,
497,
331
],
[
497,
321,
850,
331
],
[
60,
340,
413,
351
],
[
480,
340,
497,
351
],
[
696,
340,
852,
351
],
[
60,
360,
458,
370
],
[
480,
360,
497,
370
],
[
735,
360,
870,
370
],
[
116,
380,
450,
390
],
[
60,
380,
90,
390
],
[
480,
380,
513,
390
],
[
588,
380,
855,
390
],
[
95,
380,
111,
387
],
[
655,
400,
876,
410
],
[
60,
400,
423,
410
],
[
480,
400,
503,
410
],
[
599,
400,
630,
410
],
[
633,
400,
650,
407
],
[
480,
419,
497,
430
],
[
497,
419,
861,
430
],
[
60,
419,
458,
430
],
[
480,
439,
509,
449
],
[
665,
439,
701,
449
],
[
60,
439,
442,
449
],
[
60,
459,
341,
469
],
[
480,
469,
552,
479
],
[
550,
469,
858,
479
],
[
480,
489,
514,
499
],
[
546,
489,
838,
499
],
[
480,
508,
547,
518
],
[
545,
508,
579,
518
],
[
60,
826,
83,
835
],
[
87,
826,
98,
835
],
[
680,
826,
695,
835
],
[
89,
837,
126,
847
],
[
643,
837,
687,
847
],
[
89,
849,
209,
858
],
[
60,
868,
83,
877
],
[
87,
868,
374,
877
]
] | [
6,
6,
8,
8,
8,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
2,
2,
2,
2,
2,
2,
2,
2
] | [
"10",
"VORNADO REALTY TRUST",
"Real Estate Lending",
"Alexander’",
"s ",
"We like the real estate lending business. From time to",
"This",
"year Alexander’s deserves its own section. And this",
"time, we provide real estate financing on assets that we",
"year",
"we intend, in conjunction with Alexander’s Board of",
"understand as well as the assets we own.",
"Dir",
"ectors, to determine the end game for this investment",
"which",
"may include selling it, or simply leaving it to seek its",
"Mike and I twice declined to buy New York’s General",
"natural",
"value as a free standing, separately traded REIT, as",
"Motors Building for about $800 million, in 1998 and again",
"it",
"now is, or other options. ",
"in 2000. In September 2003, the General Motors Building",
"sold for $1.4 billion to a private New York investor. We bid",
"Vo",
"rnado owns 1,654,000 shares of Alexander’s, Inc., a",
"$1.2 billion. This time around, we participated in the",
"33%",
"stake in this NYSE-listed REIT. The shares, which",
"financing of this deal by lending $225 million of mezzanine",
"had",
"a value of $65 on January 1, 2003 are trading now at",
"at an average rate of LIBOR plus 8.833% subordi-",
"debt",
"about",
"$150, making Vornado’s equity investment worth",
"(11)",
"which, when taken together with",
"nate to $900 million of senior debt. (See Note 3 to the",
"$248",
"million at market",
"(12)",
"Vo",
"rnado’s $124 million loan to Alexander’s, represents a",
"Financial Statements for the full details of this investment.)",
"total",
"investment of $372 million. ",
"Recently, the borrower began discussions with us about",
"prepaying/recasting a portion of the loan.",
"Alexander’",
"s has no corporate level employees. Vornado",
"serves",
"as its for-fee external manager, leasing agent,",
"developer",
", etc.",
"(11)",
"In",
"real estate, mezzanine debt is that tranche(s) of below investment grade debt which is junior to the",
"secured",
"debt. It is not secured by the real estate, per se, but by pledge of the partnership interests ",
"of the owning entity.",
"(12)",
"Our original cost for these shares is $70 million."
] | train |
|
[
[
119,
54,
645,
65
],
[
119,
67,
645,
79
],
[
119,
81,
645,
92
],
[
119,
95,
645,
106
],
[
119,
108,
645,
119
],
[
119,
122,
645,
133
],
[
119,
135,
502,
147
],
[
119,
156,
356,
167
],
[
356,
156,
500,
167
],
[
500,
156,
511,
167
],
[
516,
156,
641,
167
],
[
641,
156,
645,
167
],
[
119,
170,
645,
181
],
[
119,
183,
180,
195
],
[
184,
183,
275,
195
],
[
275,
183,
308,
195
],
[
311,
183,
645,
195
],
[
180,
184,
184,
189
],
[
119,
197,
645,
208
],
[
119,
210,
645,
222
],
[
119,
224,
645,
235
],
[
119,
238,
613,
249
],
[
613,
238,
645,
249
],
[
119,
251,
203,
263
],
[
203,
251,
645,
263
],
[
119,
265,
316,
276
],
[
318,
265,
594,
276
],
[
596,
265,
645,
276
],
[
119,
278,
645,
290
],
[
119,
292,
645,
303
],
[
119,
306,
645,
317
],
[
119,
319,
645,
330
],
[
119,
333,
645,
344
],
[
119,
346,
645,
358
],
[
119,
360,
149,
371
],
[
149,
360,
252,
371
],
[
252,
360,
256,
371
],
[
119,
381,
220,
392
],
[
220,
381,
292,
392
],
[
296,
381,
645,
392
],
[
119,
394,
645,
406
],
[
119,
408,
645,
419
],
[
119,
421,
645,
433
],
[
119,
435,
645,
446
],
[
119,
449,
645,
460
],
[
119,
462,
645,
474
],
[
119,
476,
645,
487
],
[
119,
489,
199,
501
],
[
119,
510,
502,
521
],
[
502,
510,
602,
521
],
[
602,
510,
645,
521
],
[
119,
524,
645,
535
],
[
119,
537,
645,
549
],
[
119,
551,
646,
562
],
[
119,
565,
645,
576
],
[
119,
578,
645,
589
],
[
119,
592,
645,
603
],
[
119,
605,
645,
617
],
[
119,
619,
645,
630
],
[
119,
632,
645,
644
],
[
119,
646,
235,
657
],
[
119,
667,
192,
678
],
[
192,
667,
248,
678
],
[
248,
667,
645,
678
],
[
119,
680,
645,
692
],
[
119,
694,
645,
705
],
[
119,
708,
645,
719
],
[
119,
721,
645,
732
],
[
119,
735,
332,
746
],
[
119,
755,
646,
767
],
[
119,
769,
645,
780
],
[
119,
783,
645,
794
],
[
119,
796,
645,
807
],
[
119,
810,
645,
821
],
[
119,
823,
645,
835
],
[
119,
837,
645,
848
],
[
119,
851,
645,
862
],
[
119,
864,
645,
875
],
[
119,
878,
645,
889
],
[
119,
891,
645,
903
],
[
119,
905,
416,
916
],
[
126,
946,
348,
953
],
[
119,
946,
121,
950
],
[
775,
969,
924,
979
],
[
935,
969,
954,
979
]
] | [
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
2,
2,
5,
5
] | [
"en plus d’être 21 % moins élevés que ceux de l’exercice précédent. Par contre, le prix",
"de détail des produits laitiers n’a pas reflété cette chute et la consommation américaine",
"est restée plutôt stable. En dépit de ces conditions défavorables, la division Fromage",
"(États-Unis) a connu une croissance de ses volumes de ventes de 9,5 %. Environ 4 % de",
"cette hausse est attribuable à l’usine de Whitehall, acquise en mars 2002. Le reste de la",
"croissance est imputable aux efforts internes déployés. La plupart des catégories de produits",
"que nous fabriquons ont progressé au cours de l’exercice 2003.",
"Avec des marques réputées telles que ",
"Frigo, Stella, Dragone ",
"et",
"Frigo Cheese Heads",
",",
"la marque de fromage à effilocher la plus populaire des États-Unis avec sa part de marché",
"de 23,8 %",
", le segment du ",
"détail",
"compte pour 28 % de notre volume de ventes américain.",
"1",
"Ce segment montre une hausse de 9,4 % en comparaison de l’exercice 2002. Le segment",
"du détail est dominé par des marques reconnues par les consommateurs. La progression",
"des ventes est souvent le résultat des promotions au point de vente et du soutien",
"de la marque. Afin d’accroître la pénétration et les ventes de fromage à effilocher ",
"Frigo",
"Cheese Heads",
", en juillet, nous avons commencé la production des quelques 8 millions",
"d’emballages de la promotion «",
"Frigo Cheese Heads Spongebob Squarepants",
"». Cette",
"promotion nous a permis de connaître, en septembre, la meilleure saison de rentrée",
"scolaire de notre histoire. En janvier dernier, nous avons lancé notre nouvel assortiment",
"de fromages à effilocher et avons entrepris la production des emballages pour notre",
"promotion avec les super héros Marvel. Plus de 100 millions d’unités individuelles ont",
"été produites au cours de la promotion. Nous avons de plus lancé plusieurs",
"nouveaux produits au cours de l’exercice 2003, dont la garniture de fromage italien",
"râpé ",
"Frigo Parmazest!",
".",
"Le segment de la ",
"restauration",
"représente 39 % de notre volume de ventes aux États-Unis.",
"Le volume de ce segment a augmenté de 13,1 % par rapport au volume de l’exercice",
"précédent. Les principales occasions de croissance sont dans la catégorie des fromages",
"de spécialité et nous observons une augmentation de la consommation de pizzas.",
"De plus en plus de pizzerias utilisent ou ajoutent des mélanges de fromages à leur mets.",
"Quant aux fromages de spécialité tels que le bleu, le gorgonzola, l’asiago et la feta,",
"ils sont employés comme garniture dans les salades, les burgers et les sandwichs ainsi",
"qu’avec les steaks. De plus, plusieurs restaurants offrent maintenant des plateaux",
"de fromages.",
"À la fin de l’exercice 2002, nous avons lancé le nouveau produit ",
"Saputo Premium",
", conçu",
"pour le marché des pizzerias indépendantes et les établissements familiaux. Notre",
"initiative fut couronnée de succès et nous a permis de connaître une croissance importante",
"avec les distributeurs indépendants. Nous avons également augmenté notre chiffre",
"d’affaires avec les distributeurs de gammes complètes de produits. Nous avons réalisé",
"cette croissance en développant nos affaires auprès de nos clients, actuels et nouveaux,",
"tout en répondant aux besoins spécifiques de nos clients nationaux. Les mouvements",
"de consolidation chez les clients et dans l’industrie nous sont profitables et, à notre avis,",
"continueront de l’être étant donné qu’ils ouvrent de plus en plus grande la porte aux",
"fournisseurs de produits de qualité et d’envergure nationale, deux situations dont nous",
"pouvons bénéficier.",
"Le segment ",
"industriel",
", qui représente 33 % de nos ventes aux États-Unis, a connu une",
"hausse de 5,4 % par rapport à l’exercice 2002. Dans ce segment, nous avons renforcé",
"nos relations d’affaires existantes, en plus d’en développer de nouvelles. Tout au long",
"de l’exercice 2003, nous avons réalisé des gains importants dans plusieurs catégories",
"de produits, notamment dans celles de la ricotta pour les mets préparés et du provolone",
"en tranches pour les sandwicheries.",
"Notre gamme de produits comprend des produits qui découlent de la production",
"du fromage, qui sont pour la plupart des dérivés du lactosérum, ainsi qu’une foule",
"d’autres produits tels que du lait condensé sucré et du lait de poule. Dans cette catégorie,",
"les volumes de ventes et les prix varient selon les types de produits. L’instabilité du marché",
"mondial a durement affecté le prix des sous-produits, au point de leur faire connaître",
"des bas historiques. Nous continuons de gérer cette sphère de nos activités en nous",
"concentrant pleinement sur les produits à valeur ajoutée. Nous devons également nous",
"maintenir au premier plan de tous les nouveaux développements de ce segment, sans pour",
"autant négliger notre efficacité. Dans cette optique, l’investissement d’environ 3 millions",
"de dollars que nous avons fait dans Gallo Protein 2003, LLC, après la fin de l’exercice,",
"devrait nous permettre de maximiser encore davantage le rendement des sous-produits",
"que nous tirons de notre production de fromage.",
"Information Resources Inc. – 30 mars 2003 (52 semaines)",
"1",
"Analyse par la direction",
"21"
] | train |
|
[
[
103,
42,
527,
65
],
[
270,
147,
429,
161
],
[
754,
151,
778,
160
],
[
829,
151,
856,
160
],
[
901,
151,
926,
160
],
[
270,
175,
396,
186
],
[
740,
176,
778,
186
],
[
815,
176,
853,
186
],
[
887,
176,
925,
186
],
[
379,
194,
396,
206
],
[
270,
195,
379,
205
],
[
747,
195,
778,
205
],
[
822,
195,
853,
205
],
[
894,
195,
925,
205
],
[
270,
214,
435,
225
],
[
747,
215,
778,
225
],
[
822,
215,
853,
225
],
[
894,
215,
925,
225
],
[
270,
233,
576,
244
],
[
891,
233,
925,
244
],
[
747,
234,
778,
244
],
[
822,
234,
853,
244
],
[
270,
253,
460,
264
],
[
754,
253,
778,
264
],
[
829,
253,
853,
264
],
[
901,
253,
925,
264
],
[
270,
278,
382,
290
],
[
740,
279,
778,
289
],
[
815,
279,
853,
289
],
[
887,
279,
925,
289
],
[
270,
298,
456,
309
],
[
754,
298,
790,
309
],
[
829,
299,
865,
309
],
[
901,
299,
937,
309
],
[
270,
324,
420,
335
],
[
757,
324,
778,
335
],
[
822,
324,
853,
335
],
[
902,
324,
930,
335
],
[
270,
343,
504,
354
],
[
747,
344,
778,
354
],
[
822,
344,
853,
354
],
[
894,
344,
925,
354
],
[
270,
362,
449,
374
],
[
747,
363,
778,
373
],
[
822,
363,
853,
373
],
[
894,
363,
925,
373
],
[
270,
382,
372,
393
],
[
754,
382,
790,
393
],
[
829,
383,
865,
393
],
[
901,
383,
937,
393
],
[
270,
441,
437,
455
],
[
757,
445,
780,
454
],
[
830,
445,
856,
454
],
[
902,
445,
925,
454
],
[
104,
445,
488,
458
],
[
541,
445,
924,
458
],
[
104,
464,
480,
477
],
[
541,
464,
922,
477
],
[
270,
469,
453,
480
],
[
104,
483,
330,
496
],
[
541,
483,
929,
496
],
[
290,
488,
380,
500
],
[
740,
489,
778,
499
],
[
815,
489,
853,
499
],
[
887,
489,
925,
499
],
[
116,
502,
495,
514
],
[
541,
502,
707,
514
],
[
290,
508,
559,
519
],
[
747,
508,
778,
519
],
[
822,
509,
853,
519
],
[
894,
509,
925,
519
],
[
104,
520,
491,
533
],
[
552,
520,
919,
533
],
[
290,
527,
331,
538
],
[
757,
528,
778,
538
],
[
833,
528,
853,
538
],
[
904,
528,
925,
538
],
[
104,
539,
502,
552
],
[
541,
539,
922,
552
],
[
290,
547,
451,
558
],
[
747,
547,
778,
558
],
[
822,
547,
853,
558
],
[
894,
547,
925,
558
],
[
104,
558,
493,
571
],
[
541,
558,
926,
571
],
[
290,
566,
428,
577
],
[
757,
567,
778,
577
],
[
833,
567,
853,
577
],
[
904,
567,
925,
577
],
[
104,
577,
501,
589
],
[
541,
577,
900,
589
],
[
290,
586,
323,
597
],
[
747,
586,
778,
597
],
[
822,
586,
853,
597
],
[
894,
586,
925,
597
],
[
104,
595,
356,
608
],
[
541,
595,
929,
608
],
[
290,
605,
469,
616
],
[
747,
606,
778,
616
],
[
822,
606,
853,
616
],
[
894,
606,
925,
616
],
[
116,
614,
489,
627
],
[
541,
614,
679,
627
],
[
740,
625,
778,
635
],
[
815,
625,
853,
635
],
[
887,
625,
925,
635
],
[
104,
633,
477,
646
],
[
552,
633,
927,
646
],
[
270,
650,
413,
661
],
[
104,
652,
476,
664
],
[
541,
652,
927,
664
],
[
290,
670,
559,
681
],
[
757,
670,
778,
681
],
[
833,
670,
853,
681
],
[
904,
670,
925,
681
],
[
104,
670,
433,
683
],
[
541,
670,
930,
683
],
[
290,
689,
451,
700
],
[
116,
689,
496,
702
],
[
541,
689,
926,
702
],
[
757,
690,
778,
700
],
[
833,
690,
853,
700
],
[
904,
690,
925,
700
],
[
104,
708,
491,
721
],
[
541,
708,
938,
721
],
[
290,
709,
323,
720
],
[
757,
709,
778,
719
],
[
839,
709,
853,
719
],
[
904,
709,
925,
719
],
[
104,
727,
491,
739
],
[
541,
727,
887,
739
],
[
270,
837,
285,
847
],
[
289,
837,
879,
847
],
[
104,
839,
485,
852
],
[
290,
851,
912,
861
],
[
104,
858,
478,
871
],
[
290,
865,
436,
875
],
[
104,
877,
274,
889
],
[
270,
885,
285,
895
],
[
288,
885,
918,
895
],
[
116,
895,
507,
908
],
[
290,
899,
910,
909
],
[
290,
913,
755,
923
],
[
104,
914,
490,
927
]
] | [
8,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2,
2
] | [
"Financial and Operational Highlights",
"Financial Highlights",
"2004",
"2003 ",
"2002",
"Revenue (in millions)$^{(1)}$ ",
"19,193",
"18,737",
"18,900",
"$^{(2)}$ ",
"EBITDA (in millions)",
"7,564",
"7,410",
"7,384",
"Operating income (in millions)",
"2,976",
"4,121",
"3,625",
"Net earnings applicable to common shares (in millions)",
"2,342",
"1,523",
"1,744",
"Net earnings per common share ",
"1.65",
"1.90",
"2.66",
"Net debt (in millions)",
"12,705",
"13,315",
"15,158",
"Net debt to capitalization ratio ",
"42.8%",
"44.0%",
"48.4%",
"Free cash flow (in millions)$^{(2)}$",
"898",
"1,589",
"(783)",
"Cash from operating activities (in millions)",
"5,519",
"5,968",
"4,424",
"Capital expenditures (in millions)",
"3,364",
"3,167",
"3,709",
"Capital intensity ",
"17.5%",
"16.9%",
"19.6%",
"Operational Highlights",
"2004",
"2003 ",
"2002",
"of the most important activities a family does together. So ",
"common characteristic – to go unnoticed and compromise ",
"what we want to do is provide products and services that ",
"your privacy and security. They’re called viruses, spyware, ",
"Customer connections (thousands)",
"will improve their TV experience. ",
"and adware and, as one study concludes, 91% of computers ",
"Local telephone",
"12,905",
"13,051",
"13,154",
"By partnering with Microsoft, we are able to blend our key ",
"have at least one of them.",
"Cellular and personal communications (PCS)",
"4,925",
"4,412",
"3,898",
"strengths to deliver a powerful television viewing experience ",
"In June 2004, Sympatico rapidly became Canada’s most ",
"Paging",
"427",
"524",
"639",
"called IPTV. Television is no longer an asymmetrical medium ",
"popular website - reaching nearly 90% of Canadians with ",
"High-speed Internet access ",
"1,808",
"1,458",
"1,100",
"subject only to what is playing at that time. It is on demand ",
"online access. It is also serves as the most popular Internet ",
"Dial-up Internet access ",
"743",
"869",
"957",
"television – an integration between the navigation qualities of ",
"Service Provider with nearly X% more than its nearest ",
"Video",
"1,503",
"1,387",
"1,304",
"the Internet and what we watch on TV.",
"competitor. By being at the forefront of Canadian Internet, ",
"Digital equivalent access lines ",
"4,335",
"3,867",
"3,683",
"In order to deliver the power of IPTV into the home, we ",
"comes responsibility. ",
"26,646",
"25,568",
"24,735",
"utilized other new innovations such as Fibre-to-the-node ",
"Undaunted, we’ve responded by introducing the industry’s ",
"Net activations (thousands)",
"(FTTN) that enables us to deliver massive bandwidth to ",
"leading security solutions to our Sympatico subscribers. Top-",
"Cellular and personal communications (PCS)",
"513",
"514",
"452",
"homes through an ordinary copper telephone wire.",
"of-the-line security features such as e-mail anti-spam, e-mail ",
"High-speed Internet access ",
"What does this mean to the consumer? These capabilities ",
"anti-virus, anti-spyware and parental control features. We’ve ",
"350",
"358",
"343",
"together give consumers a level of choice they’ve never had ",
"also led an extensive information campaign helping web users ",
"Video",
"116",
"83",
"235",
"before. But it’s relevant choice. Choice over content. Choice ",
"understand how to develop safe and secure web habits.",
"(1)",
"Our financial results in 2004 and 2003 exclude the financial results of the directories business, which we sold in November 2002. ",
"you told him in the past. You can also use IPTV to freely ",
"Our financial results before that date include those of that business. In 2002, the directories business contributed $501 million of revenues ",
"exchange content from one medium to another – such as ",
"and $311 million of EBITDA. ",
"photos stored on your PC.",
"(2)",
"The terms EBITDA (Earnings before interest, taxes, depreciation and amortization) and free cash flow do not have a standardized meaning ",
"All told, IPTV serves as one piece of the greater broadband ",
"prescribed by Canadian generally accepted accounting principles (GAAP) and may not be comparable to similar measures presented by other",
"publicly traded companies. Refer to pages 32 to 34 of this Annual Report for a description of these terms.",
"home picture and is indicative of what potential lies ahead."
] | train |
|
[
[
261,
48,
265,
55
],
[
69,
49,
261,
60
],
[
69,
104,
164,
113
],
[
502,
104,
866,
114
],
[
69,
118,
473,
128
],
[
502,
119,
883,
129
],
[
69,
133,
481,
143
],
[
502,
134,
878,
144
],
[
69,
148,
445,
158
],
[
502,
149,
899,
159
],
[
69,
163,
481,
173
],
[
502,
164,
837,
174
],
[
69,
179,
424,
188
],
[
525,
180,
900,
189
],
[
69,
194,
425,
204
],
[
502,
195,
873,
205
],
[
69,
209,
446,
219
],
[
502,
210,
889,
220
],
[
69,
224,
476,
234
],
[
502,
225,
851,
235
],
[
69,
239,
473,
249
],
[
502,
240,
914,
250
],
[
69,
254,
479,
264
],
[
502,
255,
873,
265
],
[
69,
269,
458,
279
],
[
502,
270,
913,
280
],
[
612,
327,
647,
335
],
[
69,
337,
196,
345
],
[
336,
337,
408,
345
],
[
436,
337,
476,
345
],
[
507,
337,
572,
345
],
[
600,
337,
647,
345
],
[
684,
337,
730,
345
],
[
776,
337,
809,
345
],
[
856,
337,
893,
345
],
[
69,
353,
163,
363
],
[
69,
371,
168,
381
],
[
69,
389,
269,
399
],
[
69,
420,
252,
429
],
[
69,
437,
282,
447
],
[
69,
454,
187,
464
],
[
69,
472,
152,
482
],
[
69,
520,
122,
530
],
[
69,
538,
267,
547
],
[
69,
555,
187,
565
],
[
69,
575,
333,
582
],
[
69,
642,
236,
650
],
[
441,
642,
475,
650
],
[
510,
642,
545,
650
],
[
580,
642,
614,
650
],
[
69,
661,
191,
669
],
[
69,
673,
158,
683
],
[
435,
674,
475,
683
],
[
505,
674,
544,
683
],
[
575,
674,
614,
683
],
[
69,
687,
162,
697
],
[
448,
688,
475,
697
],
[
518,
688,
544,
697
],
[
587,
688,
614,
697
],
[
69,
701,
251,
711
],
[
448,
702,
475,
711
],
[
518,
702,
544,
711
],
[
587,
702,
614,
711
],
[
436,
721,
474,
729
],
[
506,
721,
544,
729
],
[
576,
721,
614,
729
],
[
69,
740,
257,
748
],
[
69,
753,
269,
762
],
[
448,
753,
475,
762
],
[
518,
753,
544,
762
],
[
587,
753,
614,
762
],
[
69,
767,
180,
776
],
[
457,
767,
475,
776
],
[
512,
767,
544,
776
],
[
587,
767,
614,
776
],
[
69,
781,
147,
790
],
[
466,
781,
474,
790
],
[
535,
781,
544,
790
],
[
596,
781,
614,
790
],
[
448,
800,
474,
809
],
[
521,
800,
544,
809
],
[
588,
800,
614,
809
],
[
69,
819,
185,
828
],
[
69,
832,
256,
842
],
[
448,
833,
475,
842
],
[
518,
833,
544,
842
],
[
587,
833,
614,
842
],
[
69,
846,
180,
856
],
[
457,
847,
475,
856
],
[
527,
847,
544,
856
],
[
596,
847,
614,
856
],
[
69,
860,
118,
869
],
[
457,
861,
475,
869
],
[
535,
861,
544,
869
],
[
596,
861,
614,
869
],
[
69,
874,
184,
883
],
[
469,
875,
474,
883
],
[
538,
875,
544,
883
],
[
587,
875,
614,
883
],
[
448,
893,
474,
902
],
[
518,
893,
544,
902
],
[
588,
893,
614,
902
],
[
436,
912,
474,
921
],
[
506,
912,
544,
921
],
[
576,
912,
614,
921
],
[
69,
913,
243,
921
],
[
502,
959,
686,
966
],
[
704,
959,
716,
966
],
[
69,
960,
473,
967
],
[
73,
969,
332,
975
]
] | [
6,
6,
8,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
10,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
5,
5,
2,
2
] | [
"1",
"PRODUCT LINE OVERVIEW",
"SUPERVISION",
"affiliations between the insurance companies and other",
"Individual companies in the AEGON Group are each subject to",
"entities in the group. In this respect, AEGON is required to",
"solvency supervision in their respective home countries. Based",
"submit reports to the PVK twice a year setting out all the",
"on European Commission legislation (Directive 98/79/EC)",
"significant transactions and positions between the insurance",
"adopted in 1998, the supervisory authorities in the Netherlands",
"and non-insurance companies in the AEGON Group.",
"(Pensioen- en Verzekeringskamer, or PVK) are, as lead",
"Both the insurance and banking companies in the AEGON",
"supervisors, also required to carry out ‘supplementary",
"Group are also required to maintain a minimum solvency",
"supervision’. The supplementary supervision of insurance",
"margin based on local requirements. The required solvency",
"companies in an insurance group enables the lead supervisors",
"margin is the sum of the margins of each of AEGON’s",
"to make a detailed assessment of the financial position of the",
"insurance and banking subsidiaries, based on the requirements",
"insurance companies that are part of that group. The Directive",
"of European directives. Available liability capital includes",
"requires the PVK to take into account the relevant financial",
"shareholders’ equity, capital securities and subordinated loans.",
"United",
"GENERAL ACCOUNT",
"United States",
"Canada",
"Netherlands",
"Kingdom",
"Hungary",
"Spain ",
"Taiwan",
"Traditional life",
"Fixed annuities",
"GICs and funding agreements*",
"ACCOUNT OF POLICYHOLDERS",
"Life for account of policyholders",
"Variable annuities",
"Fee business",
"Banking",
"Accident and health insurance",
"General insurance",
"*Also distributed internationally from the United States",
"EARNINGS CONTRIBUTION ",
"2003",
"2002",
"2001",
"GENERAL ACCOUNT",
"Traditional life",
"1,218",
"1,457",
"1,557",
"Fixed annuities",
"334",
"174",
"358",
"GICs and funding agreements",
"213",
"272",
"215",
"1,765",
"1,903",
"2,130",
"ACCOUNT OF POLICYHOLDERS",
"Life for account of policyholders",
"378",
"371",
"632",
"Variable annuities",
"63",
"–462",
"120",
"Fee business",
"6",
"2",
"94",
"447",
"–89",
"846",
"OTHER ACTIVITIES",
"Accident and health insurance",
"283",
"278",
"209",
"General insurance",
"61",
"62",
"67",
"Banking",
"20",
"8",
"45",
"Book profit Mexico",
"–",
"–",
"343",
"364",
"348",
"664",
"2,576",
"2,162",
"3,640",
"TOTAL INCOME BEFORE TAX",
"AEGON GROUP ANNUAL REPORT 2003",
"46",
"$^{1}$Income before tax in this section refers to income before tax excluding interest charges and",
"other and the income of Transamerica Finance Corporation."
] | train |
|
[
[
151,
74,
415,
96
],
[
684,
74,
828,
96
],
[
146,
138,
335,
151
],
[
146,
154,
502,
166
],
[
146,
183,
269,
196
],
[
487,
183,
518,
196
],
[
505,
183,
543,
196
],
[
616,
183,
661,
196
],
[
731,
183,
778,
196
],
[
855,
183,
896,
196
],
[
204,
204,
216,
213
],
[
146,
206,
204,
218
],
[
478,
206,
543,
218
],
[
596,
206,
661,
218
],
[
714,
206,
778,
218
],
[
831,
206,
896,
218
],
[
146,
221,
224,
233
],
[
487,
221,
543,
233
],
[
605,
221,
661,
233
],
[
722,
221,
778,
233
],
[
840,
221,
896,
233
],
[
146,
252,
352,
263
],
[
156,
267,
347,
278
],
[
162,
282,
196,
293
],
[
504,
282,
543,
293
],
[
622,
282,
661,
293
],
[
740,
282,
778,
293
],
[
866,
282,
896,
293
],
[
162,
297,
211,
309
],
[
504,
297,
543,
309
],
[
622,
297,
661,
309
],
[
740,
297,
778,
309
],
[
866,
297,
896,
309
],
[
146,
331,
269,
344
],
[
487,
331,
518,
344
],
[
505,
331,
543,
344
],
[
616,
331,
661,
344
],
[
731,
331,
778,
344
],
[
855,
331,
896,
344
],
[
146,
354,
203,
365
],
[
478,
354,
543,
365
],
[
596,
354,
661,
365
],
[
714,
354,
778,
365
],
[
831,
354,
896,
365
],
[
146,
369,
224,
380
],
[
487,
369,
543,
380
],
[
605,
369,
661,
380
],
[
722,
369,
778,
380
],
[
840,
369,
896,
380
],
[
146,
399,
382,
411
],
[
156,
414,
318,
426
],
[
162,
430,
196,
441
],
[
504,
430,
543,
441
],
[
622,
430,
661,
441
],
[
740,
430,
778,
441
],
[
857,
430,
896,
441
],
[
162,
445,
211,
456
],
[
504,
445,
543,
456
],
[
622,
445,
661,
456
],
[
740,
445,
778,
456
],
[
857,
445,
896,
456
],
[
534,
480,
569,
493
],
[
143,
480,
514,
492
],
[
143,
495,
514,
507
],
[
534,
496,
905,
507
],
[
143,
510,
195,
522
],
[
465,
510,
468,
522
],
[
534,
511,
916,
523
],
[
143,
526,
514,
537
],
[
534,
526,
905,
538
],
[
143,
541,
255,
552
],
[
487,
541,
489,
552
],
[
534,
541,
904,
553
],
[
143,
556,
247,
567
],
[
534,
563,
914,
575
],
[
143,
578,
514,
589
],
[
534,
578,
905,
590
],
[
143,
593,
514,
604
],
[
534,
594,
905,
605
],
[
143,
608,
514,
619
],
[
534,
609,
905,
620
],
[
143,
623,
514,
635
],
[
534,
624,
782,
635
],
[
143,
638,
514,
650
],
[
534,
646,
905,
657
],
[
143,
653,
387,
665
],
[
534,
661,
905,
672
],
[
534,
676,
643,
688
],
[
143,
681,
261,
694
],
[
143,
697,
354,
709
],
[
476,
697,
494,
709
],
[
503,
697,
523,
709
],
[
534,
698,
716,
710
],
[
143,
713,
514,
724
],
[
143,
728,
202,
739
],
[
458,
728,
460,
739
],
[
520,
728,
524,
739
],
[
143,
743,
311,
754
],
[
477,
743,
483,
754
],
[
516,
743,
524,
754
],
[
143,
758,
424,
769
],
[
148,
926,
194,
933
],
[
646,
926,
688,
933
],
[
31,
962,
44,
973
],
[
48,
962,
125,
973
]
] | [
6,
6,
8,
10,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
9,
8,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
8,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
2,
2,
5,
5
] | [
"MANAGEMENT’S",
"DISCUSSION AND ANALYSIS",
"SUMMARY OF QUARTERLY RESULTS",
"(In thousands of dollars except for per share amounts)",
"2004 QUARTER ENDED",
"MARCH",
"31",
"JUNE 30",
"SEPT. 30",
"DEC. 31",
"12",
"Revenue",
"$361,748",
"$399,038",
"$366,540",
"$414,523",
"Net income",
"$23,038",
"$35,764",
"$11,309",
"$42,592",
"Net income per Class A voting ",
"and Class B non-voting share",
"Basic",
"$0.29",
"$0.45",
"$0.14",
"$.54",
"Diluted",
"$0.29",
"$0.44",
"$0.14",
"$.54",
"2003 QUARTER ENDED",
"MARCH",
"31",
"JUNE 30",
"SEPT. 30",
"DEC. 31",
"Revenue",
"$353,173",
"$379,256",
"$368,040",
"$387,840",
"Net income",
"$25,115",
"$38,330",
"$29,715",
"$30,355",
"Net income per Class A voting and ",
"Class B non-voting share",
"Basic",
"$0.33",
"$0.50",
"$0.38",
"$0.39",
"Diluted",
"$0.32",
"$0.49",
"$0.38",
"$0.38",
"OTHER",
"The summary of quarterly results illustrates the cyclical",
"nature of revenues and operating profit in the Newspaper",
"At January 31, 2005, Torstar had 9,918,475 Class A voting",
"Segment.",
"The",
"shares and 68,255,928 Class B non-voting shares ",
"for the daily newspapers. The weekly and community",
"outstanding. More information on Torstar share capital is",
"newspapers tend",
"to",
"provided in Note 8 of the consolidated financial statements.",
"during the year.",
"At January 31, 2005, Torstar had 5,580,493 options ",
"Unusual income and losses have impacted the level of",
"to purchase Class B non-voting shares outstanding to",
"net income in several quarters. In 2003, the first and",
"executives and non-executive directors. More information",
"second quarters had unusual income of $2.1 million and",
"on Torstar’s stock option plan is provided in Note 9 of",
"$5.0 million respectively and the fourth quarter had an",
"the consolidated financial statements.",
"unusual loss of $7.8 million. In 2004, the third quarter",
"Additional information relating to Torstar including the",
"had an unusual loss of $12.3 million.",
"Annual Information Form is available on SEDAR at",
"www.sedar.com.",
"SUBSEQUENT EVENTS",
"On January 14, 2005, Torstar",
"completed",
"the sale of ",
"Dated: February 23, 2005. ",
"the land and building that had been previously been",
"occupied",
"by",
"The Record in Kitchener for proceeds ",
"of $5.8 million. Torstar",
"will",
"report an unusual gain ",
"of $1.3 million in the first quarter of 2005.",
"$^{12}$Quarterly",
"revenue has been restated from that previously presented to reflect the change in accounting for circulation revenue. ",
"42",
"TORSTAR 2004"
] | train |
|
[
[
417,
35,
583,
39
],
[
430,
121,
505,
127
],
[
641,
121,
716,
127
],
[
851,
121,
926,
127
],
[
688,
135,
702,
142
],
[
476,
135,
490,
142
],
[
898,
135,
909,
143
],
[
898,
155,
909,
163
],
[
688,
162,
702,
170
],
[
476,
163,
490,
170
],
[
898,
177,
907,
184
],
[
688,
190,
699,
197
],
[
476,
190,
490,
198
],
[
898,
197,
907,
204
],
[
688,
216,
699,
223
],
[
898,
216,
904,
223
],
[
476,
216,
487,
224
],
[
311,
226,
336,
233
],
[
343,
226,
367,
233
],
[
373,
226,
462,
233
],
[
523,
226,
548,
233
],
[
555,
226,
578,
233
],
[
585,
226,
674,
233
],
[
736,
226,
758,
233
],
[
767,
226,
788,
233
],
[
798,
226,
820,
233
],
[
829,
226,
851,
233
],
[
861,
226,
882,
233
],
[
318,
243,
465,
247
],
[
527,
243,
677,
247
],
[
765,
243,
864,
247
],
[
431,
251,
435,
253
],
[
642,
251,
646,
253
],
[
866,
251,
870,
253
],
[
342,
253,
431,
257
],
[
553,
253,
642,
257
],
[
753,
253,
866,
257
],
[
514,
287,
914,
298
],
[
514,
307,
631,
319
],
[
529,
328,
906,
339
],
[
514,
348,
915,
359
],
[
514,
368,
912,
379
],
[
514,
388,
903,
399
],
[
514,
408,
906,
420
],
[
514,
429,
905,
440
],
[
514,
449,
896,
460
],
[
514,
469,
890,
480
],
[
529,
489,
857,
500
],
[
514,
510,
827,
521
],
[
529,
530,
887,
541
],
[
514,
550,
891,
561
],
[
514,
570,
885,
581
],
[
514,
590,
904,
601
],
[
529,
611,
885,
622
],
[
514,
631,
894,
642
],
[
514,
651,
909,
662
],
[
774,
671,
904,
682
],
[
774,
691,
903,
702
],
[
566,
692,
598,
699
],
[
774,
712,
908,
723
],
[
774,
732,
899,
743
],
[
774,
752,
887,
763
],
[
774,
772,
906,
783
],
[
705,
775,
736,
783
],
[
577,
776,
622,
784
],
[
561,
791,
608,
798
],
[
774,
792,
884,
804
],
[
87,
806,
464,
817
],
[
774,
813,
891,
824
],
[
87,
826,
447,
838
],
[
625,
830,
660,
837
],
[
774,
833,
877,
844
],
[
87,
847,
324,
858
],
[
774,
853,
888,
864
],
[
101,
867,
477,
878
],
[
774,
873,
868,
884
],
[
87,
887,
454,
898
],
[
774,
893,
843,
905
],
[
534,
900,
743,
906
],
[
87,
907,
471,
918
],
[
523,
944,
911,
953
],
[
918,
972,
924,
977
]
] | [
6,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
7,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
7,
10,
10,
10,
10,
7,
7,
7,
10,
10,
10,
10,
7,
10,
10,
10,
10,
10,
10,
10,
1,
10,
2,
5
] | [
"partnering for the future",
"Millions of metric tons",
"Millions of metric tons",
"Millions of metric tons",
"125",
"150",
"25",
"20",
"100",
"125",
"15",
"75",
"100",
"10",
"50",
"5",
"75",
"00/01",
"01/02",
"02/03 03/04 04/05",
"00/01",
"01/02",
"02/03 03/04 04/05",
"2000",
"2001",
"2002",
"2003",
"2004",
"global soybean meal ",
"global vegetable oil ",
"brazilian npk ",
"1",
"1",
"2",
"consumption",
"consumption",
"fertilizer sales",
"Their geographic proximity make them ideal export destinations ",
"for Eastern Europe.",
"Effi cient logistics are essential to unlocking Eastern Europe’s ",
"potential. Since the beginning of 2004, we have improved Bunge’s ",
"position in the region’s ports. We built a grain terminal in Liepaja, ",
"Latvia; purchased one in Rostov, Russia; and signed throughput ",
"agreements with facilities in Iliychevsk, Ukraine, and Constanza, ",
"Romania. Together with our existing terminal in Derince, Turkey, ",
"these assets and agreements form a network that improves ",
"Bunge’s ability to handle trade to and from Eastern Europe.",
"We have also expanded our origination operations by",
"acquiring grain elevators in Ukraine and Romania.",
"Eastern Europe also benefi ts from growth in demand. Per ",
"capita vegetable oil consumption is increasing in the region. ",
"Bunge established a market-leading position with our 2002 ",
"acquisition of Cereol, and we built upon this foundation in 2004.",
"Through a joint venture, we purchased Kama Foods and ",
"strengthened our crushing and refi ning operations in Poland. ",
"We broadened our product portfolio by acquiring exclusive rights ",
"to Ideal™, a premium ",
"sunflower oil brand, ",
"Liepaja",
"in Russia and the CIS ",
"states; and in early ",
"2005, we started ",
"work on a multi-seed ",
"Rostov",
"Iliychevsk",
"Constanza",
"crushing plant in ",
"could rise to a level between 30 and 40 million metric tons ",
"Iliychevsk, Ukraine ",
"per annum by 2013–up from an average of around seven ",
"Derince",
"that will help to ",
"million tons between 1996 and 2000.",
"supply our bottled ",
"The Middle East and North Africa will help fuel this growth. ",
"oil business in ",
"These regions already are large grain importers, and their ",
"the region.",
"eastern european trade fl ows",
"population and GDP growth rates are above world averages. ",
"$^{1 }$USDA (represents Oct. to Sept. marketing years; 2004/05 estimated); $^{2}$ ANDA",
"9"
] | train |
|
[
[
58,
47,
190,
63
],
[
58,
81,
192,
92
],
[
58,
95,
602,
107
],
[
58,
125,
184,
136
],
[
58,
139,
508,
152
],
[
58,
170,
227,
181
],
[
58,
184,
656,
196
],
[
58,
214,
311,
225
],
[
58,
228,
341,
240
],
[
58,
258,
235,
269
],
[
58,
273,
381,
285
],
[
58,
303,
309,
314
],
[
58,
317,
301,
329
],
[
58,
347,
224,
358
],
[
58,
362,
328,
374
],
[
58,
403,
302,
419
],
[
58,
436,
192,
447
],
[
58,
450,
602,
463
],
[
58,
481,
184,
492
],
[
58,
495,
508,
507
],
[
58,
525,
72,
536
],
[
76,
525,
213,
536
],
[
58,
539,
742,
552
],
[
58,
570,
212,
581
],
[
58,
584,
564,
596
],
[
58,
614,
225,
625
],
[
58,
628,
606,
640
],
[
58,
658,
78,
669
],
[
82,
658,
198,
669
],
[
58,
673,
669,
685
],
[
58,
703,
230,
714
],
[
58,
717,
438,
729
],
[
58,
747,
225,
758
],
[
58,
762,
366,
774
],
[
58,
867,
70,
876
],
[
73,
867,
199,
876
],
[
58,
882,
70,
891
],
[
73,
882,
259,
891
],
[
58,
897,
70,
905
],
[
73,
897,
277,
905
],
[
58,
912,
537,
920
],
[
28,
969,
44,
979
]
] | [
8,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
8,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
2,
2,
2,
2,
2,
2,
2,
5
] | [
"DIRECTORS",
"RICHARD SANDS",
"Chairman of the Board and Chief Executive Officer, Constellation Brands, Inc.",
"ROBERT SANDS",
"President and Chief Operating Officer, Constellation Brands, Inc.",
"GEORGE BRESLER (3)",
"Senior Counsel of the law firm of Kurzman Eisenberg Corbin Lever & Goodman, LLP",
"JEANANNE K. HAUSWALD (1,2,3)",
"retired from The Seagram Company Ltd.",
"JAMES A. LOCKE III (3)",
"Partner of the law firm of Nixon Peabody LLP",
"THOMAS C. MCDERMOTT (1,2,3)",
"Chairman of GPM Associates, LLP",
"PAUL L. SMITH (1,2,3)",
"retired from Eastman Kodak Company",
"EXECUTIVE OFFICERS",
"RICHARD SANDS",
"Chairman of the Board and Chief Executive Officer, Constellation Brands, Inc.",
"ROBERT SANDS",
"President and Chief Operating Officer, Constellation Brands, Inc.",
"F.",
"PAUL HETTERICH",
"Executive Vice President, Business Development and Corporate Strategy, Constellation Brands, Inc.",
"THOMAS J. MULLIN",
"Executive Vice President and General Counsel, Constellation Brands, Inc.",
"THOMAS S. SUMMER",
"Executive Vice President and Chief Financial Officer, Constellation Brands, Inc.",
"W.",
"KEITH WILSON",
"Executive Vice President and Chief Human Resources Officer, Constellation Brands, Inc.",
"ALEXANDER L. BERK*",
"Chief Executive Officer, Constellation Beers and Spirits",
"STEPHEN B. MILLAR*",
"Chief Executive Officer, Constellation Wines",
"(1)",
"Member of Audit Committee",
"(2)",
"Member of Human Resources Committee",
"(3)",
"Member of Corporate Governance Committee",
"* Mr. Berk is employed by Barton Incorporated and Mr. Millar is employed by Hardy Wine Company Limited",
"81"
] | train |
|
[
[
354,
54,
881,
65
],
[
354,
67,
880,
79
],
[
354,
81,
880,
92
],
[
354,
95,
880,
106
],
[
354,
108,
789,
119
],
[
354,
129,
466,
140
],
[
466,
129,
544,
140
],
[
549,
129,
880,
140
],
[
354,
143,
790,
154
],
[
354,
163,
880,
174
],
[
72,
173,
156,
186
],
[
72,
173,
156,
186
],
[
354,
177,
880,
188
],
[
72,
185,
250,
200
],
[
72,
185,
250,
200
],
[
354,
190,
880,
202
],
[
354,
204,
880,
215
],
[
354,
218,
880,
229
],
[
70,
218,
95,
237
],
[
70,
218,
95,
237
],
[
101,
218,
119,
237
],
[
101,
218,
119,
237
],
[
354,
231,
880,
242
],
[
81,
237,
108,
254
],
[
81,
237,
108,
254
],
[
354,
245,
880,
256
],
[
354,
258,
489,
270
],
[
354,
279,
880,
290
],
[
354,
293,
880,
304
],
[
235,
302,
258,
321
],
[
235,
302,
258,
321
],
[
264,
302,
283,
321
],
[
264,
302,
283,
321
],
[
354,
306,
880,
317
],
[
354,
320,
880,
331
],
[
227,
322,
296,
339
],
[
227,
322,
296,
339
],
[
354,
333,
881,
345
],
[
354,
347,
715,
358
],
[
715,
347,
822,
358
],
[
827,
347,
880,
358
],
[
354,
361,
880,
372
],
[
728,
374,
730,
378
],
[
354,
374,
591,
385
],
[
595,
374,
728,
385
],
[
735,
374,
880,
385
],
[
354,
388,
881,
399
],
[
354,
401,
880,
413
],
[
354,
415,
415,
426
],
[
419,
415,
880,
426
],
[
354,
429,
881,
440
],
[
354,
442,
881,
453
],
[
354,
456,
881,
467
],
[
354,
469,
881,
481
],
[
354,
483,
880,
494
],
[
354,
497,
747,
508
],
[
354,
517,
880,
528
],
[
354,
531,
880,
542
],
[
354,
544,
880,
556
],
[
354,
558,
550,
569
],
[
354,
579,
880,
590
],
[
354,
592,
880,
604
],
[
354,
606,
880,
617
],
[
354,
619,
880,
631
],
[
354,
633,
880,
644
],
[
354,
647,
880,
658
],
[
354,
660,
717,
672
],
[
354,
682,
401,
692
],
[
401,
682,
595,
692
],
[
354,
702,
880,
713
],
[
354,
715,
881,
726
],
[
354,
729,
880,
740
],
[
354,
742,
880,
754
],
[
354,
756,
880,
767
],
[
354,
770,
880,
781
],
[
354,
783,
870,
794
],
[
354,
804,
639,
815
],
[
639,
804,
820,
815
],
[
826,
804,
881,
815
],
[
354,
817,
880,
829
],
[
354,
831,
880,
842
],
[
354,
845,
880,
856
],
[
354,
858,
880,
869
],
[
354,
872,
880,
883
],
[
354,
885,
880,
897
],
[
354,
899,
880,
910
],
[
353,
924,
356,
928
],
[
361,
924,
521,
931
],
[
75,
969,
224,
979
],
[
45,
969,
64,
979
]
] | [
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
8,
10,
10,
8,
10,
10,
10,
10,
8,
10,
8,
10,
10,
8,
10,
10,
10,
10,
10,
8,
10,
8,
10,
10,
10,
8,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
8,
8,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
10,
2,
2,
5,
5
] | [
"de ces ingrédients à l’ensemble de l’industrie alimentaire. Le prix des sous-produits",
"est déterminé par le marché international. La baisse des prix du concentré de protéines",
"de lactosérum et de l’ensemble des sous-produits, causée par la surabondance de lait",
"dans le système laitier mondial par rapport aux niveaux de l’exercice 2002, a eu un impact",
"négatif sur nos revenus en comparaison de ceux de l’exercice précédent.",
"Les revenus de la ",
"division Lait",
"se sont élevés à 878,0 millions de dollars, une hausse",
"de 3,8 % par rapport aux 845,5 millions de dollars de l’exercice 2002. ",
"Nos revenus ont connu une légère hausse, causée en partie par l’augmentation annuelle",
"Division Lait",
"Division Lait",
"du prix du lait qui s’est traduite en une augmentation des prix de vente. Bien que le marché",
"Revenus par segment de marché (%)",
"Revenus par segment de marché (%)",
"canadien du lait soit plutôt stable, nous avons réussi à accroître nos parts de marché",
"dans des catégories clés telles que le yogourt, la crème, la crème sûre et les crèmes",
"à café aromatisées, en portant une attention spéciale à notre marketing et à nos services",
"79",
"79",
"%",
"%",
"de distribution. Pour ce qui est du lait nature, nous avons maintenu nos parts de marché",
"Détail",
"Détail",
"dans l’Ouest canadien, en Ontario et dans les Maritimes, en plus d’augmenter notre part",
"de marché au Québec.",
"Nous avons lancé des produits à plus forte marge dans la catégorie des yogourts et dans",
"celle du lait haut de gamme. En tout, nous avons introduit huit nouveaux produits sur",
"21",
"21",
"%",
"%",
"le marché afin que notre offre de produits soit plus complète. Notre service marketing",
"s’est consacré à bâtir la valeur de nos marques et à stimuler la croissance des ventes",
"Restauration ",
"Restauration ",
"en investissant dans des produits de marque à plus forte marge, comme cela fut fait,",
"par exemple, pour le lancement d’une gamme de yogourts ",
"Vanille Classique,",
"avec une",
"hausse des volumes et des parts de marché. Nous avons également investi davantage dans",
"1",
"la gamme de crèmes à café aromatisées",
"International Delight",
"qui affiche année après",
"année une croissance de plus de 20 % et qui demeure un leader de cette catégorie en",
"pleine croissance. Le développement de la gamme de produits en format individuel",
"Milk 2 Go",
"a résulté en une croissance notable des volumes de ventes et des marges. De plus,",
"nous avons apporté des améliorations à nos contenants de lait (bec verseur, bouteille",
"de plastique) pour le centre du Canada et les Maritimes. Notre groupe de recherche",
"et développement se rapporte maintenant à notre service de marketing. Ses ressources",
"spécialisées ont pour mission de développer de nouveaux produits innovateurs et",
"de réduire le coût de nos produits. Enfin, nous avons créé un système de commande",
"en ligne pour nos clients qui se branchent avec nous via Internet.",
"Au Québec et en Ontario, nous avons structuré des équipes de ventes et de l’exploitation",
"améliorées et capables de nous permettre d’atteindre nos objectifs de croissance dans",
"le centre du Canada, tout en aidant nos grands clients nationaux à rencontrer leurs",
"propres exigences de croissance.",
"Durant l’année financière 2003, nos équipes de ventes et de distribution se sont adaptées",
"aux changements importants qui ont eu cours dans le segment national de la restauration.",
"Nous avons été en mesure de conclure des ententes à long terme avec de nouveaux",
"clients. Nous avons aussi lancé des produits à plus longue durée de conservation, avec des",
"emballages à utilisation unique, conçus spécifiquement pour les distributeurs du segment",
"de la restauration. Dans les Maritimes, nous avons étendu notre couverture de distribution",
"en plus d’introduire une gamme de produits plus diversifiée.",
"BAIIA ",
"(Secteur Produits laitiers canadien)",
"Au 31 mars 2003, notre bénéfice avant intérêts, impôts sur les bénéfices, amortissement",
"et rémunération à base d’actions (BAIIA) s’élevait à 200,6 millions de dollars en",
"comparaison de 183,1 millions de dollars un an plus tôt, soit une hausse de 17,5 millions",
"de dollars ou de 9,6 %. La marge de BAIIA de ce secteur est passée de 9,2 % au terme",
"de l’exercice précédent à 9,9 % pour l’exercice 2003. Cette augmentation peut être",
"attribuée à l’optimisation de nos opérations durant le processus d’intégration de Dairyworld,",
"acquise en 2001, et ce, malgré l’augmentation du coût des assurances et de l’énergie. ",
"Dans le but d’accroître son rendement, la ",
"division Fromage (Canada)",
"a décidé",
"de fermer trois usines – Souris, Manitoba; Yorkton, Saskatchewan et Oakville, Ontario –",
"et de transférer leurs activités vers d’autres usines. Les deux premières ont cessé leurs",
"activités respectivement dans les troisième et quatrième trimestres de l’exercice.",
"L’ usine d’Oakville, qui a débuté le transfert de ses activités vers notre usine de Tavistock,",
"en Ontario, fermera définitivement ses portes durant le troisième trimestre de l’exercice",
"2004. Nous avons entrepris un projet d’expansion majeur à l’usine de Tavistock qui",
"devrait se terminer au cours de l’exercice 2004 et qui nous permettra d’améliorer notre",
"1",
"Marque de commerce utilisée sous licence",
"Analyse par la direction",
"18"
] | train |
End of preview. Expand
in Dataset Viewer.
README.md exists but content is empty.
Use the Edit dataset card button to edit it.
- Downloads last month
- 45