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10-Q Filing

GENERAL CABLE CORP /DE/ CIK: 886035 Q1 2014
Filing Information
Form Type 10-Q
Accession Number 0000886035-14-000026
Period End Date 20140331
Filing Date 20140506
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance bgc-20140328.xml
Filing Contents
Balance Sheet 80 line items
Line Item Tag Value Unit Period
Allowances for receivables AllowanceForNotesAndLoansReceivableCurrent $39.20M USD Point-in-time
Allowances for receivables AllowanceForNotesAndLoansReceivableCurrent $38.60M USD Point-in-time
Common stock, par value (usd per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (usd per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $315.80M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $484.40M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 48.65M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $622.30M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 49.60M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $418.80M USD Point-in-time
Receivables, net of allowances of $38.6 million at March 28, 2014 and $39.2 million at December 31, 2013 ReceivablesNetCurrent $1.20B USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 48.65M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 49.60M shares Point-in-time
Receivables, net of allowances of $38.6 million at March 28, 2014 and $39.2 million at December 31, 2013 ReceivablesNetCurrent $1.17B USD Point-in-time
Treasury stock, shares TreasuryStockShares 9.21M shares Point-in-time
Inventories InventoryNet $1.33B USD Point-in-time
Inventories InventoryNet $1.24B USD Point-in-time
Treasury stock, shares TreasuryStockShares 10.16M shares Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $49.90M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $50.20M USD Point-in-time
Prepaid expenses and other PrepaidExpenseCurrent $126.20M USD Point-in-time
Prepaid expenses and other PrepaidExpenseCurrent $118.20M USD Point-in-time
Total current assets AssetsCurrent $3.01B USD Point-in-time
Total current assets AssetsCurrent $3.01B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $1.09B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $1.08B USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $15.80M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $15.80M USD Point-in-time
Goodwill Goodwill $27.20M USD Point-in-time
Goodwill Goodwill $184.60M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $182.90M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $84.50M USD Point-in-time
Unconsolidated affiliated companies EquityMethodInvestments $19.00M USD Point-in-time
Unconsolidated affiliated companies EquityMethodInvestments $18.80M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $78.10M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $73.60M USD Point-in-time
Total assets Assets $4.58B USD Point-in-time
Total assets Assets $4.31B USD Point-in-time
Accounts payable AccountsPayableCurrent $975.10M USD Point-in-time
Accounts payable AccountsPayableCurrent $870.60M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $402.60M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $434.90M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $250.30M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $285.60M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.66B USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.56B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $1.18B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $1.14B USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $215.60M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $233.80M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $237.20M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $255.90M USD Point-in-time
Total liabilities Liabilities $3.30B USD Point-in-time
Total liabilities Liabilities $3.18B USD Point-in-time
Commitments and Contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and Contingencies CommitmentsAndContingencies - USD Point-in-time
Redeemable non-controlling interest TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests $17.00M USD Point-in-time
Redeemable non-controlling interest TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests $16.70M USD Point-in-time
Common stock, $0.01 par value, issued and outstanding shares: March 28, 2014 48,647,539 (net of 10,162,971 treasury shares), December 31, 2013 49,598,653 (net of 9,211,857 treasury shares) CommonStockValue $600.00K USD Point-in-time
Common stock, $0.01 par value, issued and outstanding shares: March 28, 2014 48,647,539 (net of 10,162,971 treasury shares), December 31, 2013 49,598,653 (net of 9,211,857 treasury shares) CommonStockValue $600.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $701.80M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $699.60M USD Point-in-time
Treasury stock TreasuryStockValue $185.70M USD Point-in-time
Treasury stock TreasuryStockValue $155.30M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $523.00M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $847.40M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-112.10M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-121.00M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-106.70M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-104.60M USD Point-in-time
Total Company shareholders' equity StockholdersEquity $1.28B USD Point-in-time
Total Company shareholders' equity StockholdersEquity $918.70M USD Point-in-time
Non-controlling interest MinorityInterest $74.60M USD Point-in-time
Non-controlling interest MinorityInterest $99.60M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $993.30M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.40B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.45B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.38B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $4.58B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $4.31B USD Point-in-time
Income Statement 60 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $1.54B USD 1 Quarter
Net sales SalesRevenueNet $1.43B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $1.39B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $1.30B USD 1 Quarter
Gross profit GrossProfit $156.90M USD 1 Quarter
Gross profit GrossProfit $132.10M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $120.70M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $124.10M USD 1 Quarter
Goodwill impairment charge GoodwillImpairmentLoss $155.10M USD 1 Quarter
Goodwill impairment charge GoodwillImpairmentLoss - USD 1 Quarter
Indefinite-lived intangible asset impairment charge ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill $93.40M USD 1 Quarter
Indefinite-lived intangible asset impairment charge ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill - USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-237.10M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $32.80M USD 1 Quarter
Other income (expense) OtherNonoperatingIncomeExpense $-52.70M USD 1 Quarter
Other income (expense) OtherNonoperatingIncomeExpense $-97.70M USD 1 Quarter
Interest expense InterestExpense $29.50M USD 1 Quarter
Interest expense InterestExpense $27.40M USD 1 Quarter
Interest income InvestmentIncomeInterest $1.50M USD 1 Quarter
Interest income InvestmentIncomeInterest $1.20M USD 1 Quarter
Interest income (expense), total InterestIncomeExpenseNet $-26.20M USD 1 Quarter
Interest income (expense), total InterestIncomeExpenseNet $-28.00M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-361.00M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-47.90M USD 1 Quarter
Income tax (provision) benefit IncomeTaxExpenseBenefit $-21.40M USD 1 Quarter
Income tax (provision) benefit IncomeTaxExpenseBenefit $-3.80M USD 1 Quarter
Equity in net earnings of affiliated companies IncomeLossFromEquityMethodInvestments $200.00K USD 1 Quarter
Equity in net earnings of affiliated companies IncomeLossFromEquityMethodInvestments $200.00K USD 1 Quarter
Net income (loss) including non-controlling interest ProfitLoss $-339.40M USD 1 Quarter
Net income (loss) including non-controlling interest ProfitLoss $-43.90M USD 1 Quarter
Less: preferred stock dividends DividendsPreferredStock $100.00K USD 1 Quarter
Less: preferred stock dividends DividendsPreferredStock - USD 1 Quarter
Less: net income (loss) attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $-24.00M USD 1 Quarter
Less: net income (loss) attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $1.80M USD 1 Quarter
Net income attributable to Company common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $-45.80M USD 1 Quarter
Net income attributable to Company common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $-315.40M USD 1 Quarter
Earnings (loss) per common share-basic EarningsPerShareBasic $-0.92 USD 1 Quarter
Earnings (loss) per common share-basic EarningsPerShareBasic $-6.42 USD 1 Quarter
Weighted average common shares-basic WeightedAverageNumberOfSharesOutstandingBasic 49.70M shares 1 Quarter
Weighted average common shares-basic WeightedAverageNumberOfSharesOutstandingBasic 49.10M shares 1 Quarter
Earnings (loss) per common share-assuming dilution EarningsPerShareDiluted $-0.92 USD 1 Quarter
Earnings (loss) per common share-assuming dilution EarningsPerShareDiluted $-6.42 USD 1 Quarter
Weighted average common shares - assuming dilution WeightedAverageNumberOfDilutedSharesOutstanding 49.10M shares 1 Quarter
Weighted average common shares - assuming dilution WeightedAverageNumberOfDilutedSharesOutstanding 49.70M shares 1 Quarter
Dividends per common share CommonStockDividendsPerShareCashPaid - USD 1 Quarter
Dividends per common share CommonStockDividendsPerShareCashPaid $0.18 USD 1 Quarter
Net income (loss) ProfitLoss $-339.40M USD 1 Quarter
Net income (loss) ProfitLoss $-43.90M USD 1 Quarter
Currency translation gain (loss) OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-10.80M USD 1 Quarter
Currency translation gain (loss) OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-3.60M USD 1 Quarter
Defined benefit plan adjustments, net of tax of $0.5 million in the three months ended March 28, 2014 and $0.0 million in three months ended March 29, 2013 OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-2.70M USD 1 Quarter
Defined benefit plan adjustments, net of tax of $0.5 million in the three months ended March 28, 2014 and $0.0 million in three months ended March 29, 2013 OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-900.00K USD 1 Quarter
Change in fair value of derivatives, net of tax of $0.4 million in the three months ended March 29, 2013 OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax - USD 1 Quarter
Change in fair value of derivatives, net of tax of $0.4 million in the three months ended March 29, 2013 OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-500.00K USD 1 Quarter
Comprehensive income (loss), net of tax ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-45.30M USD 1 Quarter
Comprehensive income (loss), net of tax ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-349.30M USD 1 Quarter
Comprehensive income (loss) attributable to non-controlling interest, net of tax ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $2.50M USD 1 Quarter
Comprehensive income (loss) attributable to non-controlling interest, net of tax ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-25.00M USD 1 Quarter
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax ComprehensiveIncomeNetOfTax $-324.30M USD 1 Quarter
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax ComprehensiveIncomeNetOfTax $-47.80M USD 1 Quarter
Cash Flow Statement 74 line items
Line Item Tag Value Unit Period
Net income (loss) including non-controlling interest ProfitLoss $-339.40M USD 1 Quarter
Net income (loss) including non-controlling interest ProfitLoss $-43.90M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $33.10M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $32.20M USD 1 Quarter
Amortization on restricted stock awards RestrictedStockExpense $100.00K USD 1 Quarter
Amortization on restricted stock awards RestrictedStockExpense $300.00K USD 1 Quarter
Foreign currency exchange (gain) loss ForeignCurrencyTransactionGainLossUnrealized $-86.50M USD 1 Quarter
Foreign currency exchange (gain) loss ForeignCurrencyTransactionGainLossUnrealized $-41.80M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-3.60M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-15.90M USD 1 Quarter
Excess tax (benefits) deficiencies from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $100.00K USD 1 Quarter
Excess tax (benefits) deficiencies from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities - USD 1 Quarter
Inventory impairment charge InventoryWriteDown - USD 1 Quarter
Inventory impairment charge InventoryWriteDown $8.00M USD 1 Quarter
Goodwill impairment charge GoodwillImpairmentLoss $155.10M USD 1 Quarter
Goodwill impairment charge GoodwillImpairmentLoss - USD 1 Quarter
Indefinite-lived intangible asset impairment charge ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill $93.40M USD 1 Quarter
Indefinite-lived intangible asset impairment charge ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill - USD 1 Quarter
Convertible debt instruments noncash interest charges InterestExpenseDebt $5.70M USD 1 Quarter
Convertible debt instruments noncash interest charges InterestExpenseDebt $400.00K USD 1 Quarter
(Gain) loss on disposal of property GainLossOnSaleOfPropertyPlantEquipment $-300.00K USD 1 Quarter
(Gain) loss on disposal of property GainLossOnSaleOfPropertyPlantEquipment $-2.90M USD 1 Quarter
(Increase) decrease in receivables IncreaseDecreaseInAccountsReceivable $57.10M USD 1 Quarter
(Increase) decrease in receivables IncreaseDecreaseInAccountsReceivable $55.40M USD 1 Quarter
(Increase) decrease in inventories IncreaseDecreaseInInventories $101.80M USD 1 Quarter
(Increase) decrease in inventories IncreaseDecreaseInInventories $101.90M USD 1 Quarter
(Increase) decrease in other assets IncreaseDecreaseInOtherOperatingAssets $2.80M USD 1 Quarter
(Increase) decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-3.00M USD 1 Quarter
Increase (decrease) in accounts payable, accrued and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $97.10M USD 1 Quarter
Increase (decrease) in accounts payable, accrued and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-53.50M USD 1 Quarter
Net cash flows of operating activities NetCashProvidedByUsedInOperatingActivities $-35.50M USD 1 Quarter
Net cash flows of operating activities NetCashProvidedByUsedInOperatingActivities $-180.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $26.70M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $27.00M USD 1 Quarter
Proceeds from properties sold ProceedsFromSaleOfProductiveAssets $200.00K USD 1 Quarter
Proceeds from properties sold ProceedsFromSaleOfProductiveAssets $100.00K USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-200.00K USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-100.00K USD 1 Quarter
Net cash flows of investing activities NetCashProvidedByUsedInInvestingActivities $-26.40M USD 1 Quarter
Net cash flows of investing activities NetCashProvidedByUsedInInvestingActivities $-26.70M USD 1 Quarter
Dividends paid to shareholders PaymentsOfDividendsPreferredStockAndPreferenceStock $9.00M USD 1 Quarter
Dividends paid to shareholders PaymentsOfDividendsPreferredStockAndPreferenceStock $100.00K USD 1 Quarter
Excess tax benefits (deficiencies) from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities - USD 1 Quarter
Excess tax benefits (deficiencies) from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $100.00K USD 1 Quarter
Proceeds from other debt ProceedsFromOtherDebt $601.00M USD 1 Quarter
Proceeds from other debt ProceedsFromOtherDebt $299.00M USD 1 Quarter
Repayments of other debt RepaymentsOfOtherDebt $511.90M USD 1 Quarter
Repayments of other debt RepaymentsOfOtherDebt $204.50M USD 1 Quarter
Dividends paid to non-controlling interest PaymentsOfDividendsMinorityInterest $300.00K USD 1 Quarter
Dividends paid to non-controlling interest PaymentsOfDividendsMinorityInterest - USD 1 Quarter
Repurchase of common shares PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Repurchase of common shares PaymentsForRepurchaseOfCommonStock $30.70M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $500.00K USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $100.00K USD 1 Quarter
Net cash flows of financing activities NetCashProvidedByUsedInFinancingActivities $49.50M USD 1 Quarter
Net cash flows of financing activities NetCashProvidedByUsedInFinancingActivities $94.70M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-90.30M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-26.20M USD 1 Quarter
Increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-103.00M USD 1 Quarter
Increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-137.90M USD 1 Quarter
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $315.80M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $484.40M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $622.30M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $418.80M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $315.80M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $484.40M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $622.30M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $418.80M USD Point-in-time
Income tax payments, net of refunds IncomeTaxesPaidNet $6.30M USD 1 Quarter
Income tax payments, net of refunds IncomeTaxesPaidNet $13.70M USD 1 Quarter
Interest paid InterestPaid $10.70M USD 1 Quarter
Interest paid InterestPaid $8.90M USD 1 Quarter
Capital expenditures included in accounts payable CapitalExpendituresIncurredButNotYetPaid $12.80M USD 1 Quarter
Capital expenditures included in accounts payable CapitalExpendituresIncurredButNotYetPaid $13.60M USD 1 Quarter
Comprehensive Income 3 line items
Line Item Tag Value Unit Period
Defined benefit plan adjustments, tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax - USD 1 Quarter
Defined benefit plan adjustments, tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $-500.00K USD 1 Quarter
Change in fair value of derivatives, tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $400.00K USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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