EX-99.1 2 a13-4639_1ex99d1.htm EX-99.1

Exhibit 99.1

 

 

News Release

 

Media Contact:

Sharlene Myers

Manager, Global Public Relations

+1 (604) 232-1445

smyers@sierrawireless.com

 

Investor Contact:

David G. McLennan

Chief Financial Officer

+1 (604) 231-1181

investor@sierrawireless.com

 

Sierra Wireless reports fourth quarter and full year 2012 results

 

Fourth Quarter 2012

 

·                  Total revenue, including revenue from AirCardÒ related discontinued operations, of $163.8 million and non-GAAP net earnings of $10.3 million, or $0.33 per diluted share

·                  Revenue from continuing operations of $109.4 million, 32.8 percent year-over-year growth, and non-GAAP operating earnings from continuing operations of $3.7 million

 

Full Year 2012

 

·                  Total revenue, including revenue from AirCard related discontinued operations, of $644.2 million and non-GAAP net earnings of $33.4 million, or $1.08 per diluted share

·                  Revenue from continuing operations of $397.3 million, 19.3 percent year-over-year growth, and non-GAAP operating earnings from continuing operations of $0.9 million

 

Vancouver, Canada — February 6, 2013 — Sierra Wireless, Inc. (NASDAQ:  SWIR) (TSX:  SW) today reported fourth quarter and full year 2012 results. All results are reported in U.S. dollars and are prepared in accordance with United States generally accepted accounting principles (GAAP), except as otherwise indicated below.

 

On January 28, 2013, the company announced a definitive agreement for the sale of substantially all of the assets and operations related to its AirCard business to Netgear, Inc.  In accordance with GAAP, assets and liabilities associated with the sale have been recorded as “held for sale” and the results of operations of the AirCard business as discontinued operations.  The consolidated statements of operations and related selected financial information have been retrospectively modified to distinguish between continuing operations and discontinued operations.

 

“Our fourth quarter results highlight our continued solid revenue growth and improving earnings,” said Jason Cohenour, President and Chief Executive Officer.  “As the global leader in M2M and connected device solutions, we believe that we are exceptionally well positioned to drive profitable growth both organically and through strategic acquisitions.”

 



 

Fourth Quarter 2012

 

Revenue from continuing operations in the fourth quarter of 2012 was $109.4 million, compared to $82.4 million in the fourth quarter of 2011, and $100.2 million in the third quarter of 2012.  The 32.8 percent year-over-year revenue increase was driven by better than expected growth in Machine-to-Machine (“M2M”) sales, including a $15.5 million contribution from the recently acquired M2M business of Sagemcom, along with solid growth in sales to PC OEMs.

 

On a GAAP basis, gross margin from continuing operations was $36.2 million, or 33.1 percent of revenue, in the fourth quarter of 2012, compared to $25.2 million, or 30.6 percent of revenue, in the fourth quarter of 2011. Operating expenses from continuing operations were $37.7 million and loss from continuing operations was $1.5 million in the fourth quarter of 2012, compared to operating expenses of $45.2 million and a loss from operations of $20.0 million in the fourth quarter of 2011.  Fourth quarter of 2011 operating expenses included an intangible asset impairment charge of $11.2 million, primarily related to a software development program that was acquired through the purchase of Wavecom, S.A. in 2009 and which we abandoned during the fourth quarter of 2011.  Net earnings from continuing operations were $15.5 million, or $0.50 per diluted share, in the fourth quarter of 2012, compared to net loss of $20.4 million, or $0.65 per diluted share, in the fourth quarter of 2011.  Net earnings from continuing operations in 2012 included an income tax recovery that was the result of the recognition of certain tax assets that will be realizable as a result of the sale of the AirCard business.  Net earnings, including discontinued operations, were $19.6 million, or $0.64 per diluted share, in the fourth quarter of 2012, compared to net loss, including discontinued operations, of $13.8 million, or $0.44 per diluted share, in the fourth quarter of 2011.

 

On a non-GAAP basis, gross margin from continuing operations was 33.2 percent of revenue in the fourth quarter of 2012, compared to 30.7 percent of revenue in the fourth quarter of 2011. Operating expenses from continuing operations were $32.6 million and operating earnings from continuing operations were $3.7 million in the fourth quarter of 2012, compared to operating expenses of $29.7 million and an operating loss of $4.4 million in the fourth quarter of 2011. Net earnings from continuing operations were $4.5 million, or $0.15 per diluted share, in the fourth quarter of 2012 compared to net loss of $4.4 million, or $0.14 per diluted share, in the fourth quarter of 2011.

 

The cash, cash equivalents, and short-term investments balance at the end of the fourth quarter of 2012 was $63.6 million, up from $59.5 million at the end of the third quarter of 2012.

 

Full Year 2012

 

Revenue from continuing operations for the year ended December 31, 2012 was $397.3 million, compared to $333.2 million for the year ended December 31, 2011.  The 19.3 percent year-over-year revenue increase was driven by significant growth in M2M sales, including a $20.1 million contribution from the recently acquired M2M business of Sagemcom, along with strong growth in sales to PC OEMs.

 

On a GAAP basis, gross margin from continuing operations was $125.3 million, or 31.5 percent of revenue, in 2012, compared to $101.7 million, or 30.5 percent of revenue, in 2011. Operating expenses from continuing operations were $147.5 million and loss from operations was $22.2 million in 2012, compared to operating expenses of $156.0 million and a loss from operations of $54.2 million in 2011.  The operating loss in 2011 included an intangible asset impairment charge of $11.2 million, primarily related to a software development program that was acquired through the purchase of Wavecom, S.A. in 2009 and which we abandoned during the fourth quarter of 2011.  Net loss from continuing operations was $4.2 million, or $0.14 per diluted share, in 2012, compared to $50.7 million, or $1.62 per diluted share, in 2011.  Net earnings, including discontinued operations, were $27.2 million, or $0.88 per diluted share, in 2012, compared to net loss, including discontinued operations, of $29.3 million, or $0.94 per diluted share, in 2011.

 



 

On a non-GAAP basis, gross margin from continuing operations was 31.6 percent of revenue in 2012, compared to 30.7 percent of revenue in 2011. Operating expenses from continuing operations were $124.7 million and operating earnings from continuing operations were $0.9 million in 2012, compared to operating expenses of $124.5 million and an operating loss of $22.4 million in 2011. Net loss from continuing operations was $0.4 million, or $0.01 per diluted share, in 2012, compared to net loss of $18.7 million, or $0.60 per diluted share, in 2011.

 

Non-GAAP results exclude the impact of stock-based compensation expense, acquisition costs, restructuring costs, integration costs, disposition costs, acquisition amortization, foreign exchange gains or losses on foreign currency contracts and translation of balance sheet accounts, and certain tax adjustments. We disclose non-GAAP amounts as we believe that these measures provide our shareholders with useful information about operating results and assist in comparisons from one period to another. The reconciliation between our GAAP and non-GAAP results is provided in the accompanying schedules.

 

Financial guidance

 

The Company provides the following guidance for the first quarter of 2013 for its continuing operations.

 

In the first quarter of 2013, we expect revenue from our continuing operations to be down sequentially following the exceptionally strong fourth quarter of 2012.  We expect gross margin to be similar or slightly lower than fourth quarter 2012 levels, and operating expenses to increase as a result of higher new product certification costs combined with the negative impact of a strengthening euro.

 

Looking forward to the second quarter of 2013, we expect a return to solid sequential and year-over-year revenue growth and modest profitability.

 

Q1 2013 Guidance

 

Non-GAAP - Continuing
Operations

Revenue

 

$98.0 to $102.0 million

 

 

 

Earnings (loss) from operations

 

($2.5) to ($1.5) million

 

 

 

Net earnings (loss) from continuing operations

 

($2.5) to ($1.5) million

 

 

 

Earnings (loss) per share from continuing operations

 

($0.08) to ($0.05) per share

 

This Non-GAAP guidance for the first quarter of 2013 reflects current business indicators and expectations.  Inherent in this guidance are risk factors that are described in greater detail in our regulatory filings. Our actual results could differ materially from those presented above. All figures are approximations based on management’s current beliefs and assumptions.

 

Conference call, webcast and instant replay details

 

Sierra Wireless President and CEO, Jason Cohenour, and CFO, David McLennan, will host a conference call and webcast with analysts and investors to review the results on Wednesday, February 6, 2013, at 5:30 PM Eastern Time (2:30 PM PT).  A live slide presentation will be available for viewing during the call from the link provided below.

 

To participate in this conference call, please dial the following number approximately ten minutes prior to the commencement of the call:

 

·                  Toll-free (Canada and US): 1-877-201-0168

 

·                  Alternate number: 1-647-788-4901

 



 

·                  Conference ID: 87240990

 

For those unable to participate in the live call, a replay will be available until February 27, 2013.  Dial 1-855-859-2056 or 1-800-585-8367 and enter the Conference ID number above to access the replay.

 

To access the webcast, please follow the link below:

 

Sierra Wireless Q4 and FY2012 Financial Results Webcast

 

If the above link does not work, please copy and paste the following URL into your browser:

 

http://www.snwebcastcenter.com/custom_events/sierrawireless-20130206/site/

 

The webcast will remain available at the above link for one year following the call.

 

We look forward to having you participate in our call.

 

Cautionary Note Regarding Forward-Looking Statements

 

Certain statements and information in this press release are not based on historical facts and constitute forward-looking statements or forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities laws (“forward-looking statements”) including statements and information relating to our financial guidance for the first quarter of 2013 and our fiscal year 2013, our business outlook for the short and longer term and our strategy, plans and future operating performance.  Forward-looking statements are provided to help you understand our views of our short and longer term prospects. We caution you that forward-looking statements may not be appropriate for other purposes. We will not update or revise our forward-looking statements unless we are required to do so by securities laws.

 

Forward-looking statements:

 

·                  Typically include words and phrases about the future such as “outlook”, “may”, “estimates”, “intends”, “believes”, “plans”, “anticipates” and “expects”.

 

·                  Are not promises or guarantees of future performance. They represent our current views and may change significantly.

 

·                  Are based on a number of material assumptions, including those listed below, which could prove to be significantly incorrect:

 

·                  Our ability to develop, manufacture and sell new products and services that meet the needs of our customers and gain commercial acceptance;

 

·                  Our ability to continue to sell our products and services in the expected quantities at the expected prices and expected times;

 

·                  Expected cost of goods sold;

 

·                  Expected component supply situation;

 

·                  Our ability to “win” new business;

 

·                  Expected deployment of next generation networks by wireless network operators;

 

·                  Our operations are not adversely disrupted by component shortages or other development, operating or regulatory risks; and

 

·                  Expected tax rates relative mix of earnings amongst the tax jurisdictions in which we operate, along with foreign exchange rates.

 



 

·                  Are subject to substantial known and unknown material risks and uncertainties. Many factors could cause our actual results, achievements and developments in our business to differ significantly from those expressed or implied by our forward-looking statements, including without limitation, the following factors. These risk factors and others are discussed in our Annual Information Form and Management’s Discussion and Analysis of Financial Condition and Results of Operations, which may be found on SEDAR at www.sedar.com and on EDGAR at www.sec.gov and in our other regulatory filings with the Securities and Exchange Commission in the United States and the Provincial Securities Commissions in Canada.

 

·                  We may experience higher than anticipated costs; disruption of, and demands on, our ongoing business; diversion of management’s time and attention; adverse effects on existing business relationships with suppliers and customers and employee issues in connection with the divestiture of the AirCard assets and operations;

 

·                  Actual sales volumes or prices for our products and services may be lower than we expect for any reason including, without limitation, the continuing uncertain economic conditions, competition, different product mix, the loss of any of our significant customers;

 

·                  The cost of products sold may be higher than planned or necessary component supplies may not be available, are delayed or are not available on commercially reasonable terms;

 

·                  We may be unable to enforce our intellectual property rights or may be subject to claims and litigation that have an adverse outcome;

 

·                  The development and timing of the introduction of our new products may be later than we expect or may be indefinitely delayed;

 

·                  Transition periods associated with the migration to new technologies may be longer than we expect.

 

About Sierra Wireless

 

Sierra Wireless (NASDAQ: SWIR) (TSX: SW) offers industry-leading mobile computing and machine-to-machine (M2M) communications products and solutions that connect people, devices, and applications over cellular networks. Wireless service providers, equipment manufacturers, enterprises and government organizations around the world depend on us for reliable wireless technology. We offer 2G, 3G and 4G wireless modems, routers and gateways as well as a comprehensive suite of software, tools, and services that ensure our customers can successfully bring wireless applications to market.  For more information about Sierra Wireless, visit www.sierrawireless.com.

 

“AirCard” and “AirLink” are registered trademarks of Sierra Wireless. “AirPrime” and “AirVantage” are also trademarks of Sierra Wireless. Other product or service names mentioned herein may be the trademarks of their respective owners.

 



 

SIERRA WIRELESS, INC.

 

CONSOLIDATED STATEMENTS OF OPERATIONS

 

(in thousands of U.S. dollars, except where otherwise stated)

 

 

 

Three months ended
December 31,

 

Year ended
December 31,

 

 

 

2012

 

2011

 

2012

 

2011

 

Revenue

 

$

109,405

 

$

82,391

 

$

397,321

 

$

333,175

 

Cost of goods sold

 

73,172

 

57,206

 

272,047

 

231,435

 

Gross margin

 

36,233

 

25,185

 

125,274

 

101,740

 

Expenses

 

 

 

 

 

 

 

 

 

Sales and marketing

 

10,176

 

8,886

 

37,067

 

37,188

 

Research and development

 

16,294

 

14,801

 

61,785

 

60,903

 

Administration

 

7,743

 

7,694

 

32,777

 

33,716

 

Acquisition costs

 

387

 

 

3,182

 

 

Restructuring

 

42

 

(19

)

2,251

 

837

 

Integration

 

 

 

 

1,426

 

Impairment of intangible asset

 

 

11,214

 

 

11,214

 

Amortization

 

3,107

 

2,620

 

10,418

 

10,709

 

 

 

37,749

 

45,196

 

147,480

 

155,993

 

Loss from operations

 

(1,516

)

(20,011

)

(22,206

)

(54,253

)

Foreign exchange gain (loss)

 

1,608

 

(507

)

3,326

 

(460

)

Other income (expense)

 

35

 

20

 

(196

)

35

 

Earnings (loss) before income taxes

 

127

 

(20,498

)

(19,076

)

(54,678

)

Income tax recovery

 

(15,396

)

(68

)

(14,874

)

(3,968

)

Net earnings (loss) from continuing operations

 

15,523

 

(20,430

)

(4,202

)

(50,710

)

Net earnings from discontinued operations

 

4,083

 

6,668

 

31,401

 

21,338

 

Net earnings (loss)

 

19,606

 

(13,762

)

27,199

 

(29,372

)

Net loss attributable to non-controlling interest

 

 

 

 

(57

)

Net earnings (loss) attributable to the Company

 

$

19,606

 

$

(13,762

)

$

27,199

 

$

(29,315

)

 

 

 

 

 

 

 

 

 

 

Basic and diluted net earnings (loss) per share attributable to the Company’s common shareholders (in dollars) Continuing operations

 

$

0.50

 

$

(0.65

)

$

(0.14

)

$

(1.62

)

Discontinued operations

 

$

0.14

 

$

0.21

 

$

1.02

 

$

0.68

 

 

 

$

0.64

 

$

(0.44

)

$

0.88

 

$

(0.94

)

Weighted average number of shares outstanding (in thousands)

 

 

 

 

 

 

 

 

 

Basic

 

30,591

 

31,298

 

30,788

 

31,275

 

Diluted

 

30,774

 

31,298

 

30,788

 

31,275

 

 



 

SIERRA WIRELESS, INC.

 

SELECTED FINANCIAL INFORMATION FOR THREE MONTHS AND YEAR ENDED DECEMBER 31, 2012

 

(in thousands of U.S. dollars, except where otherwise stated)

 

 

 

2012

 

 

 

Three months ended December 31

 

Year ended December 31

 

 

 

Discontinued
Operations

 

Continuing
Operations

 

Total

 

Discontinued
Operations

 

Continuing
Operations

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue - GAAP and Non-GAAP

 

$

54,416

 

$

109,405

 

$

163,821

 

$

246,845

 

$

397,321

 

$

644,166

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross margin - GAAP

 

$

14,781

 

$

36,233

 

$

51,014

 

$

69,698

 

$

125,274

 

$

194,972

 

Stock-based compensation

 

 

61

 

61

 

 

304

 

304

 

Gross margin - Non-GAAP

 

$

14,781

 

$

36,294

 

$

51,075

 

$

69,698

 

$

125,578

 

$

195,276

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross margin % - GAAP

 

27.2

%

33.1

%

31.1

%

28.2

%

31.5

%

30.3

%

Gross margin % - Non-GAAP

 

27.2

%

33.2

%

31.2

%

28.2

%

31.6

%

30.3

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) from operations - GAAP

 

$

4,741

 

$

(1,516

)

$

3,225

 

$

33,045

 

$

(22,206

)

$

10,839

 

Stock-based compensation

 

233

 

1,470

 

1,703

 

932

 

5,781

 

6,713

 

Acquisition

 

 

387

 

387

 

 

3,182

 

3,182

 

Disposition

 

1,463

 

 

1,463

 

1,463

 

 

1,463

 

Restructuring

 

 

42

 

42

 

 

2,251

 

2,251

 

Integration

 

 

 

 

 

 

 

Acquisition related amortization

 

 

3,338

 

3,338

 

 

11,890

 

11,890

 

Earnings from operations - Non-GAAP

 

$

6,437

 

$

3,721

 

$

10,158

 

$

35,440

 

$

898

 

$

36,338

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) - GAAP

 

$

4,083

 

$

15,523

 

$

19,606

 

$

31,401

 

$

(4,202

)

$

27,199

 

Stock-based compensation, acquisition, disposition, restructuring, integration, and acquisition related amortization, net of tax

 

1,696

 

5,162

 

6,858

 

2,395

 

22,241

 

24,636

 

Unrealized foreign exchange loss (gain)

 

 

(1,655

)

(1,655

)

 

(3,139

)

(3,139

)

Income tax adjustments

 

 

(14,540

)

(14,540

)

 

(15,344

)

(15,344

)

Net earnings (loss) - Non-GAAP

 

$

5,779

 

$

4,490

 

$

10,269

 

$

33,796

 

$

(444

)

$

33,352

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per share (in dollars) - GAAP

 

$

0.14

 

$

0.50

 

$

0.64

 

$

1.02

 

$

(0.14

)

$

0.88

 

Diluted earnings (loss) per share (in dollars) - Non-GAAP

 

$

0.18

 

$

0.15

 

$

0.33

 

$

1.09

 

$

(0.01

)

$

1.08

 

 



 

SIERRA WIRELESS, INC.

 

SELECTED FINANCIAL INFORMATION FOR THREE MONTHS AND YEAR ENDED DECEMBER 31, 2011

 

(in thousands of U.S. dollars, except where otherwise stated)

 

 

 

2011

 

 

 

Three months ended December 31

 

Year ended December 31

 

 

 

Discontinued
Operations

 

Continuing
Operations

 

Total

 

Discontinued
Operations

 

Continuing
Operations

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue - GAAP and Non-GAAP

 

$

64,804

 

$

82,391

 

$

147,195

 

$

245,010

 

$

333,175

 

$

578,185

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross margin - GAAP

 

$

16,367

 

$

25,185

 

$

41,552

 

$

61,710

 

$

101,740

 

$

163,450

 

Stock-based compensation

 

 

86

 

86

 

 

385

 

385

 

Gross margin - Non-GAAP

 

$

16,367

 

$

25,271

 

$

41,638

 

$

61,710

 

$

102,125

 

$

163,835

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross margin % - GAAP

 

25.3

%

30.6

%

28.2

%

25.2

%

30.5

%

28.3

%

Gross margin % - Non-GAAP

 

25.3

%

30.7

%

28.3

%

25.2

%

30.7

%

28.3

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) from operations - GAAP

 

$

7,546

 

$

(20,011

)

$

(12,465

)

$

24,341

 

$

(54,253

)

$

(29,912

)

Stock-based compensation

 

225

 

1,308

 

1,533

 

951

 

5,498

 

6,449

 

Restructuring

 

 

(19

)

(19

)

 

837

 

837

 

Integration

 

 

 

 

 

1,426

 

1,426

 

Impairment of intangible assets

 

 

11,214

 

11,214

 

 

11,214

 

11,214

 

Acquisition related amortization

 

 

3,090

 

3,090

 

 

12,888

 

12,888

 

Earnings from operations - Non-GAAP

 

$

7,771

 

$

(4,418

)

$

3,353

 

$

25,292

 

$

(22,390

)

$

2,902

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) - GAAP

 

$

6,668

 

$

(20,430

)

$

(13,762

)

$

21,338

 

$

(50,653

)

$

(29,315

)

Stock-based compensation, acquisition, disposition, restructuring, integration, and acquisition related amortization, net of tax

 

225

 

15,690

 

15,915

 

951

 

31,762

 

32,713

 

Unrealized foreign exchange loss (gain)

 

 

330

 

330

 

 

267

 

267

 

Non-controlling interest

 

 

 

 

 

(32

)

(32

)

Net earnings (loss) - Non-GAAP

 

$

6,893

 

$

(4,410

)

$

2,483

 

$

22,289

 

$

(18,656

)

$

3,633

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per share (in dollars) - GAAP

 

$

0.21

 

$

(0.65

)

$

(0.44

)

$

0.68

 

$

(1.62

)

$

(0.94

)

Diluted earnings (loss) per share (in dollars) - Non-GAAP

 

$

0.22

 

$

(0.14

)

$

0.08

 

$

0.71

 

$

(0.59

)

$

0.12

 

 



 

SIERRA WIRELESS, INC.

 

PRODUCT LINE REVENUE

 

(in thousands of U.S. dollars)

 

 

 

2012

 

2011

 

 

 

Q1

 

Q2

 

Q3

 

Q4

 

YTD

 

Q1

 

Q2

 

Q3

 

Q4

 

YTD

 

Continuing operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AirPrime Embedded Wireless Modules

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

M2M

 

$

62,944

 

$

63,768

 

$

73,249

 

$

79,363

 

$

279,324

 

$

59,695

 

$

62,759

 

$

63,635

 

$

56,702

 

$

242,791

 

PC OEM

 

15,273

 

17,828

 

14,018

 

14,014

 

61,133

 

6,747

 

11,857

 

9,771

 

11,047

 

39,422

 

 

 

78,217

 

81,596

 

87,267

 

93,377

 

340,457

 

66,442

 

74,616

 

73,406

 

67,749

 

282,213

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AirLink Intelligent Gateways and Routers

 

10,622

 

11,407

 

11,262

 

13,408

 

46,699

 

10,096

 

8,886

 

9,928

 

10,103

 

39,013

 

AirVantage M2M Cloud Platform and Other

 

3,496

 

2,395

 

1,654

 

2,620

 

10,165

 

3,020

 

2,361

 

2,029

 

4,539

 

11,949

 

 

 

92,335

 

95,398

 

100,183

 

109,405

 

397,321

 

79,558

 

85,863

 

85,363

 

82,391

 

333,175

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Discontinued operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AirCard Mobile Broadband Devices

 

57,931

 

72,043

 

62,455

 

54,416

 

246,845

 

64,717

 

54,025

 

61,464

 

64,804

 

245,010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

150,266

 

167,441

 

162,638

 

163,821

 

644,166

 

144,275

 

139,888

 

146,827

 

147,195

 

578,185