Quarterly report pursuant to Section 13 or 15(d)

GUARANTORS OF SECURITIES

v3.19.2
GUARANTORS OF SECURITIES
6 Months Ended
Jun. 30, 2019
Guarantees [Abstract]  
GUARANTORS OF SECURITIES
GUARANTORS OF SECURITIES
Era Group’s payment obligations under the 7.750% Senior Notes are jointly and severally guaranteed by all of its existing 100% owned U.S. subsidiaries that guarantee the Revolving Credit Facility and any future U.S. subsidiaries that guarantee the Revolving Credit Facility or other material indebtedness Era Group may incur in the future (the “Guarantors”). All the Guarantors currently guarantee the Revolving Credit Facility, and the guarantees of the Guarantors are full and unconditional and joint and several.
As a result of the agreement by the Guarantors to guarantee the 7.750% Senior Notes, the Company presents the following condensed consolidating balance sheets and statements of operations, comprehensive income and cash flows for Era Group (“Parent”), the Guarantors and the Company’s other subsidiaries (“Non-guarantors”). These statements should be read in conjunction with the accompanying consolidated financial statements and notes of the Company.
Supplemental Condensed Consolidating Balance Sheet as of June 30, 2019
 
Parent
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Consolidated
 
(in thousands, except share data)
ASSETS
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
83,584

 
$

 
$
4,846

 
$

 
$
88,430

Receivables:
 
 
 
 
 
 
 
 
 
Trade, operating, net of allowance for doubtful accounts of $139

 
23,151

 
7,342

 

 
30,493

Trade, dry-leasing

 
5,165

 

 

 
5,165

Tax receivable

 
10

 
2,670

 

 
2,680

Other

 
16,336

 
142

 

 
16,478

Inventories, net

 
20,962

 
42

 

 
21,004

Prepaid expenses
756

 
1,778

 
288

 

 
2,822

Total current assets
84,340

 
67,402

 
15,330

 

 
167,072

Property and equipment

 
902,246

 
16,726

 

 
918,972

Accumulated depreciation

 
(332,872
)
 
(3,953
)
 

 
(336,825
)
Property and equipment, net

 
569,374

 
12,773

 

 
582,147

Operating lease right-of-use

 
7,028

 
1,052

 

 
8,080

Investments in consolidated subsidiaries
181,684

 

 

 
(181,684
)
 

Intangible assets

 

 
1,098

 

 
1,098

Deferred income taxes
10,602

 

 

 
(10,602
)
 

Intercompany receivables
317,076

 

 
171

 
(317,247
)
 

Other assets
961

 
5,421

 
105

 

 
6,487

Total assets
$
594,663

 
$
649,225

 
$
30,529

 
$
(509,533
)
 
$
764,884

LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
Accounts payable and accrued expenses
$
137

 
$
11,375

 
$
1,955

 
$

 
$
13,467

Accrued wages and benefits
5

 
6,621

 
1,596

 

 
8,222

Accrued interest
469

 
67

 

 

 
536

Accrued income taxes
918

 
10

 
10

 

 
938

Accrued other taxes

 
1,034

 
376

 

 
1,410

Accrued contingencies

 

 
647

 

 
647

Current portion of long-term debt

 
1,663

 
196

 

 
1,859

Other current liabilities
998

 
1,438

 
466

 

 
2,902

Total current liabilities
2,527

 
22,208

 
5,246

 

 
29,981

Long-term debt
133,496

 
25,485

 

 

 
158,981

Deferred income taxes

 
116,285

 
1,246

 
(10,602
)
 
106,929

Intercompany payables

 
253,989

 
63,280

 
(317,269
)
 

Operating lease liabilities

 
5,793

 
594

 

 
6,387

Other liabilities

 
850

 

 

 
850

Total liabilities
136,023

 
424,610

 
70,366

 
(327,871
)
 
303,128

Redeemable noncontrolling interest

 
3

 
3,091

 

 
3,094

Equity:
 
 
 
 
 
 
 
 
 
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,419,462 outstanding, exclusive of treasury shares
224

 

 

 

 
224

Additional paid-in capital
449,688

 
100,307

 
4,561

 
(104,869
)
 
449,687

Retained earnings
17,259

 
124,305

 
(47,489
)
 
(76,793
)
 
17,282

Treasury shares, at cost, 958,481 shares
(8,531
)
 

 

 

 
(8,531
)
Total equity
458,640

 
224,612

 
(42,928
)
 
(181,662
)
 
458,662

Total liabilities, redeemable noncontrolling interest and stockholders’ equity
$
594,663

 
$
649,225

 
$
30,529

 
$
(509,533
)
 
$
764,884

Supplemental Condensed Consolidating Balance Sheet as of December 31, 2018
 
Parent
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Consolidated
 
(in thousands, except share data)
ASSETS
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
48,396

 
$

 
$
2,357

 
$

 
$
50,753

Receivables:
 
 
 
 
 
 
 
 
 
Trade, operating, net of allowance for doubtful accounts of $261

 
27,509

 
5,797

 

 
33,306

Trade, dry-leasing

 
3,803

 

 

 
3,803

Tax receivables

 
6

 
3,181

 

 
3,187

Other

 
1,949

 
394

 

 
2,343

Inventories, net

 
20,633

 
40

 

 
20,673

Prepaid expenses
398

 
1,219

 
190

 

 
1,807

Total current assets
48,794

 
55,119

 
11,959

 

 
115,872

Property and equipment

 
900,611

 
16,550

 

 
917,161

Accumulated depreciation

 
(314,567
)
 
(3,400
)
 

 
(317,967
)
Net property and equipment

 
586,044

 
13,150

 

 
599,194

Equity investments and advances

 
27,112

 

 

 
27,112

Investments in consolidated subsidiaries
172,950

 

 

 
(172,950
)
 

Intangible assets

 

 
1,107

 

 
1,107

Deferred income taxes
9,904

 

 

 
(9,904
)
 

Intercompany receivables
366,541

 

 

 
(366,541
)
 

Other assets
1,251

 
20,231

 
96

 

 
21,578

Total assets
$
599,440

 
$
688,506

 
$
26,312

 
$
(549,395
)
 
$
764,863

LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
Accounts payable and accrued expenses
$
136

 
$
11,357

 
$
1,668

 
$

 
$
13,161

Accrued wages and benefits
43

 
7,743

 
1,481

 

 
9,267

Accrued interest
500

 
69

 

 

 
569

Accrued income taxes
918

 
6

 
49

 

 
973

Accrued other taxes

 
768

 
500

 

 
1,268

Accrued contingencies

 

 
630

 

 
630

Current portion of long-term debt

 
1,663

 
395

 

 
2,058

Other current liabilities
647

 
220

 
11

 

 
878

Total current liabilities
2,244

 
21,826

 
4,734

 

 
28,804

Long-term debt
133,900

 
26,317

 

 

 
160,217

Deferred income taxes

 
117,015

 
1,245

 
(9,903
)
 
108,357

Intercompany payables

 
310,727

 
55,847

 
(366,574
)
 

Other liabilities

 
720

 
27

 

 
747

Total liabilities
136,144

 
476,605

 
61,853

 
(376,477
)
 
298,125

Redeemable noncontrolling interest

 
3

 
3,299

 

 
3,302

Equity:
 
 
 
 
 
 
 
 
 
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,765,404 shares outstanding, exclusive of treasury shares
219

 

 

 

 
219

Additional paid-in capital
447,299

 
100,306

 
4,562

 
(104,869
)
 
447,298

Retained earnings
18,254

 
111,482

 
(43,402
)
 
(68,049
)
 
18,285

Treasury shares, at cost, 156,737 shares
(2,476
)
 

 

 

 
(2,476
)
Accumulated other comprehensive income, net of tax

 
110

 

 

 
110

Total equity
463,296

 
211,898

 
(38,840
)
 
(172,918
)
 
463,436

Total liabilities, redeemable noncontrolling interest and stockholders’ equity
$
599,440

 
$
688,506

 
$
26,312

 
$
(549,395
)
 
$
764,863

Supplemental Condensed Consolidating Statements of Operations for the Three Months Ended June 30, 2019
 
Parent
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Consolidated
 
(in thousands)
Revenues
$

 
$
50,045

 
$
14,537

 
$
(9,102
)
 
$
55,480

Costs and expenses:
 
 
 
 
 
 
 
 
 
Operating

 
32,002

 
15,909

 
(9,091
)
 
38,820

Administrative and general
1,742

 
6,286

 
867

 

 
8,895

Depreciation

 
9,275

 
245

 

 
9,520

Total costs and expenses
1,742

 
47,563

 
17,021

 
(9,091
)
 
57,235

Losses on asset dispositions, net

 
(68
)
 

 

 
(68
)
Operating income (loss)
(1,742
)
 
2,414

 
(2,484
)
 
(11
)
 
(1,823
)
Other income (expense):
 
 
 
 
 
 
 
 
 
Interest income
447

 
475

 
12

 

 
934

Interest expense
(3,217
)
 
(208
)
 
(7
)
 

 
(3,432
)
Loss on sale of investments
(569
)
 

 

 

 
(569
)
Foreign currency gains, net
28

 
168

 
74

 

 
270

Loss on debt extinguishment
(13
)
 

 

 

 
(13
)
Other, net
(16
)
 
12

 
(5
)
 

 
(9
)
Total other income (expense)
(3,340
)
 
447

 
74

 

 
(2,819
)
Income (loss) before income taxes and equity earnings
(5,082
)
 
2,861

 
(2,410
)
 
(11
)
 
(4,642
)
Income tax (benefit) expense
(18
)
 
1,412

 

 

 
1,394

Income (loss) before equity earnings
(5,064
)
 
1,449

 
(2,410
)
 
(11
)
 
(6,036
)
Equity in earnings of subsidiaries
10,014

 
10,910

 

 
(10,014
)
 
10,910

Net income (loss)
4,950

 
12,359

 
(2,410
)
 
(10,025
)
 
4,874

Net loss attributable to noncontrolling interest in subsidiary

 

 
66

 

 
66

Net income (loss) attributable to Era Group Inc.
$
4,950

 
$
12,359

 
$
(2,344
)
 
$
(10,025
)
 
$
4,940

Supplemental Condensed Consolidating Statements of Operations for the Three Months Ended June 30, 2018
 
Parent
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Consolidated
 
(in thousands)
Revenues
$

 
$
50,049

 
$
14,162

 
$
(6,483
)
 
$
57,728

Costs and expenses:
 
 
 
 
 
 
 
 
 
Operating

 
32,659

 
14,156

 
(6,483
)
 
40,332

Administrative and general
8,873

 
4,852

 
1,081

 

 
14,806

Depreciation

 
9,873

 
243

 

 
10,116

Total costs and expenses
8,873

 
47,384

 
15,480

 
(6,483
)
 
65,254

Gains on asset dispositions, net

 
(1,997
)
 

 

 
(1,997
)
Operating loss
(8,873
)
 
668

 
(1,318
)
 

 
(9,523
)
Other income (expense):
 
 
 
 
 
 
 
 
 
Interest income
5

 
334

 
7

 

 
346

Interest expense
(3,292
)
 
(209
)
 
(20
)
 

 
(3,521
)
Foreign currency losses, net
(111
)
 
(155
)
 
(809
)
 

 
(1,075
)
Other, net

 
10

 
4

 

 
14

Total other income (expense)
(3,398
)
 
(20
)
 
(818
)
 

 
(4,236
)
Income (loss) before income taxes and equity earnings
(12,271
)
 
648

 
(2,136
)
 

 
(13,759
)
Income tax expense (benefit)
(1,317
)
 
(1,257
)
 

 

 
(2,574
)
Income (loss) before equity earnings
(10,954
)
 
1,905

 
(2,136
)
 

 
(11,185
)
Equity in earnings (losses) of subsidiaries
575

 
669

 

 
(575
)
 
669

Net income (loss)
(10,379
)
 
2,574

 
(2,136
)
 
(575
)
 
(10,516
)
Net loss attributable to noncontrolling interest in subsidiary

 

 
137

 

 
137

Net income (loss) attributable to Era Group Inc.
$
(10,379
)
 
$
2,574

 
$
(1,999
)
 
$
(575
)
 
$
(10,379
)
Supplemental Condensed Consolidating Statements of Operations for the Six Months Ended June 30, 2019
 
Parent
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Consolidated
 
(in thousands)
Revenues
$

 
$
95,359

 
$
28,154

 
$
(16,740
)
 
$
106,773

Costs and expenses:
 
 
 
 
 
 
 
 
 
Operating

 
62,051

 
30,194

 
(16,729
)
 
75,516

Administrative and general
2,984

 
12,958

 
1,828

 

 
17,770

Depreciation

 
18,472

 
498

 

 
18,970

Total costs and expenses
2,984

 
93,481

 
32,520

 
(16,729
)
 
112,256

Gains on asset dispositions, net

 
(192
)
 

 

 
(192
)
Operating income (loss)
(2,984
)
 
1,686

 
(4,366
)
 
(11
)
 
(5,675
)
Other income (expense):
 
 
 
 
 
 
 
 
 
Interest income
643

 
979

 
64

 

 
1,686

Interest expense
(6,458
)
 
(421
)
 
(14
)
 

 
(6,893
)
Loss on sale of investments
(569
)
 

 

 

 
(569
)
Foreign currency gains, net
(12
)
 
119

 
37

 

 
144

Loss on debt extinguishment
(13
)
 

 

 

 
(13
)
Other, net
(16
)
 
11

 
(15
)
 

 
(20
)
Total other income (expense)
(6,425
)
 
688

 
72

 

 
(5,665
)
Income (loss) before income taxes and equity earnings
(9,409
)
 
2,374

 
(4,294
)
 
(11
)
 
(11,340
)
Income tax expense (benefit)
318

 
(512
)
 

 

 
(194
)
Income (loss) before equity earnings
(9,727
)
 
2,886

 
(4,294
)
 
(11
)
 
(11,146
)
Equity in earnings (losses) of subsidiaries
8,734

 
9,935

 

 
(8,734
)
 
9,935

Net income (loss)
(993
)
 
12,821

 
(4,294
)
 
(8,745
)
 
(1,211
)
Net loss attributable to noncontrolling interest in subsidiary

 

 
208

 

 
208

Net income (loss) attributable to Era Group Inc.
$
(993
)
 
$
12,821

 
$
(4,086
)
 
$
(8,745
)
 
$
(1,003
)
Supplemental Condensed Consolidating Statements of Operations for the Six Months Ended June 30, 2018
 
Parent
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Consolidated
 
(in thousands)
Revenues
$

 
$
99,881

 
$
28,629

 
$
(13,460
)
 
$
115,050

Costs and expenses:
 
 
 
 
 
 
 
 
 
Operating

 
62,429

 
29,023

 
(13,460
)
 
77,992

Administrative and general
13,186

 
11,225

 
2,466

 

 
26,877

Depreciation

 
19,967

 
503

 

 
20,470

Total costs and expenses
13,186

 
93,621

 
31,992

 
(13,460
)
 
125,339

Gains on asset dispositions, net

 
2,417

 

 

 
2,417

Operating income (loss)
(13,186
)
 
8,677

 
(3,363
)
 

 
(7,872
)
Other income (expense):
 
 
 
 
 
 
 
 
 
Interest income
9

 
430

 
53

 

 
492

Interest expense
(7,595
)
 
(391
)
 
(111
)
 

 
(8,097
)
Foreign currency losses, net
(56
)
 
(125
)
 
(820
)
 

 
(1,001
)
Gain on debt extinguishment

 

 
175

 

 
175

Other, net

 
10

 
(4
)
 

 
6

Total other income (expense)
(7,642
)
 
(76
)
 
(707
)
 

 
(8,425
)
Income (loss) before income taxes and equity earnings
(20,828
)
 
8,601

 
(4,070
)
 

 
(16,297
)
Income tax benefit
(2,853
)
 
(459
)
 

 

 
(3,312
)
Income (loss) before equity earnings
(17,975
)
 
9,060

 
(4,070
)
 

 
(12,985
)
Equity in earnings (losses) of subsidiaries
6,402

 
1,112

 

 
(6,402
)
 
1,112

Net income (loss)
(11,573
)
 
10,172

 
(4,070
)
 
(6,402
)
 
(11,873
)
Net loss attributable to noncontrolling interest in subsidiary

 

 
300

 

 
300

Net income (loss) attributable to Era Group Inc.
$
(11,573
)
 
$
10,172

 
$
(3,770
)
 
$
(6,402
)
 
$
(11,573
)
Supplemental Condensed Consolidating Statements of Comprehensive Income for the Three Months Ended June 30, 2019
 
Parent
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Consolidated
 
(in thousands)
Net income (loss)
$
4,950

 
$
12,359

 
$
(2,410
)
 
$
(10,025
)
 
$
4,874

Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments, net

 
(110
)
 

 

 
(110
)
Total other comprehensive income (loss)

 
(110
)
 

 

 
(110
)
Comprehensive income (loss)
4,950

 
12,249

 
(2,410
)
 
(10,025
)
 
4,764

Comprehensive loss attributable to noncontrolling interest in subsidiary

 

 
66

 

 
66

Comprehensive income (loss) attributable to Era Group Inc.
$
4,950

 
$
12,249

 
$
(2,344
)
 
$
(10,025
)
 
$
4,830


Supplemental Condensed Consolidating Statements of Comprehensive Income for the Three Months Ended June 30, 2018
 
Parent
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Consolidated
 
(in thousands)
Net income (loss)
$
(10,379
)
 
$
2,574

 
$
(2,136
)
 
$
(575
)
 
$
(10,516
)
Comprehensive income (loss)
(10,379
)
 
2,574

 
(2,136
)
 
(575
)
 
(10,516
)
Comprehensive loss attributable to noncontrolling interest in subsidiary

 

 
137

 

 
137

Comprehensive income (loss) attributable to Era Group Inc.
$
(10,379
)
 
$
2,574

 
$
(1,999
)
 
$
(575
)
 
$
(10,379
)
Supplemental Condensed Consolidating Statements of Comprehensive Income for the Six Months Ended June 30, 2019
 
Parent
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Consolidated
 
(in thousands)
Net income (loss)
$
(993
)
 
$
12,821

 
$
(4,294
)
 
$
(8,745
)
 
$
(1,211
)
Other comprehensive loss:
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments

 
(110
)
 

 

 
(110
)
Total other comprehensive loss

 
(110
)
 

 

 
(110
)
Comprehensive income (loss)
(993
)
 
12,711

 
(4,294
)
 
(8,745
)
 
(1,321
)
Comprehensive loss attributable to noncontrolling interest in subsidiary

 

 
208

 

 
208

Comprehensive income (loss) attributable to Era Group Inc.
$
(993
)
 
$
12,711

 
$
(4,086
)
 
$
(8,745
)
 
$
(1,113
)

Supplemental Condensed Consolidating Statements of Comprehensive Income for the Six Months Ended June 30, 2018
 
Parent
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Consolidated
 
(in thousands)
Net income (loss)
$
(11,573
)
 
$
10,172

 
$
(4,070
)
 
$
(6,402
)
 
$
(11,873
)
Other comprehensive loss:
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments

 
(5
)
 

 

 
(5
)
Total other comprehensive loss

 
(5
)
 

 

 
(5
)
Comprehensive income (loss)
(11,573
)
 
10,167

 
(4,070
)
 
(6,402
)
 
(11,878
)
Comprehensive loss attributable to noncontrolling interest in subsidiary

 

 
300

 

 
300

Comprehensive income (loss) attributable to Era Group Inc.
$
(11,573
)
 
$
10,167

 
$
(3,770
)
 
$
(6,402
)
 
$
(11,578
)
Supplemental Condensed Consolidating Statements of Cash Flows for the Six Months Ended June 30, 2019
 
Parent
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Consolidated
 
(in thousands)
Net cash provided by (used in) operating activities
$
42,559

 
$
(35,355
)
 
$
2,671

 
$

 
$
9,875

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Purchases of property and equipment

 
(2,468
)
 
(112
)
 

 
(2,580
)
Purchase of investments
(5,000
)
 

 

 

 
(5,000
)
Proceeds from sale of investments

4,430

 

 

 

 
4,430

Proceeds from sale of equity investees


 
35,519

 

 

 
35,519

Principal payments on notes due from equity investees

 
2,334

 

 

 
2,334

Principal payments on third party notes receivable

 
210

 

 

 
210

Net cash provided by (used in) investing activities
(570
)
 
35,595

 
(112
)
 

 
34,913

Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Payments on long-term debt

 
(830
)
 
(212
)
 

 
(1,042
)
Extinguishment of long-term debt
(740
)
 

 

 

 
(740
)
Proceeds from share award plans

 

 

 
590

 
590

Purchase of treasury shares
(6,055
)
 

 

 

 
(6,055
)
Borrowings and repayments of intercompany debt

 
590

 

 
(590
)
 

Net cash used in financing activities
(6,795
)
 
(240
)
 
(212
)
 

 
(7,247
)
Effects of exchange rate changes on cash and cash equivalents

 

 
136

 

 
136

Net increase (decrease) in cash and cash equivalents
35,194

 

 
2,483

 

 
37,677

Cash, cash equivalents and restricted cash, beginning of period
48,396

 

 
2,357

 

 
50,753

Cash, cash equivalents and restricted cash, end of period
$
83,590

 
$

 
$
4,840

 
$

 
$
88,430


Supplemental Condensed Consolidating Statements of Cash Flows for the Six Months Ended June 30, 2018
 
Parent
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Consolidated
 
(in thousands)
Net cash provided by operating activities
$
2,037

 
$
922

 
$
2,179

 
$

 
$
5,138

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Purchases of property and equipment

 
(5,779
)
 
(179
)
 

 
(5,958
)
Proceeds from disposition of property and equipment

 
29,497

 

 

 
29,497

Principal payments on notes due from equity investees

 
186

 

 

 
186

Principal payments on third party notes receivable

 
571

 

 

 
571

Net cash provided by (used in) investing activities

 
24,475

 
(179
)
 

 
24,296

Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Long-term debt issuance costs

 

 

 
(1,295
)
 
(1,295
)
Payments on long-term debt

 
(831
)
 
(2,181
)
 
(27,000
)
 
(30,012
)
Proceeds from share award plans

 

 

 
484

 
484

Borrowings and repayments of intercompany debt

 
(27,811
)
 

 
27,811

 

Net cash used in financing activities

 
(28,642
)
 
(2,181
)
 

 
(30,823
)
Effects of exchange rate changes on cash and cash equivalents

 
(5
)
 
(382
)
 

 
(387
)
Net increase (decrease) in cash and cash equivalents
2,037

 
(3,250
)
 
(563
)
 

 
(1,776
)
Cash, cash equivalents and restricted cash, beginning of period
10,800

 
3,250

 
2,783

 

 
16,833

Cash, cash equivalents and restricted cash, end of period
$
12,837

 
$

 
$
2,220

 
$

 
$
15,057