CAMDEN PROPERTY TRUST CPT Income Statement

Camden property trust (CPT)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Amortization of Intangible Assets
-	-	-	3,600	-	-	-	3,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property revenues
Property revenues
265,879	263,461	260,672	255,761	248,567	244,919	241,770	237,133	230,683	327,634	194,690	190,470	188,102	186,461	187,771	189,246	187,119	185,633	182,650	178,313	175,220	142,993	184,247	180,438	178,964	177,795	172,540	168,634	164,393	147,991	155,984	151,775	146,254	101,848	140,332	138,167	135,835	98,519	131,911	129,614	128,851	132,758	134,854
Property operating and maintenance
59,956	58,217	62,277	58,147	56,948	55,108	56,973	54,735	53,916	53,629	60,090	52,550	51,548	49,976	53,679	52,856	50,269	50,705	53,380	49,169	48,851	36,335	55,228	52,264	50,747	50,297	51,303	49,787	48,263	42,101	49,531	47,974	46,114	27,097	48,731	46,232	44,806	28,973	46,999	43,885	43,771	46,266	44,141
Real estate taxes
34,180	32,192	31,596	33,080	33,890	31,612	30,860	30,326	30,049	27,009	28,193	27,803	27,920	23,700	26,695	27,300	26,880	24,353	25,284	24,581	24,677	20,486	23,447	23,616	23,577	21,582	21,466	21,810	21,183	17,081	17,932	18,324	17,373	11,552	16,892	17,558	17,344	10,383	16,652	18,039	18,076	17,803	18,444
Total property expenses
94,136	90,409	93,873	91,227	90,838	86,720	87,833	85,061	83,965	80,638	88,283	80,353	79,468	73,676	80,374	80,156	77,149	75,058	78,664	73,750	73,528	56,821	78,675	75,880	74,324	71,879	72,769	71,597	69,446	59,182	67,463	66,298	63,487	38,649	65,623	63,790	62,150	39,356	63,651	61,924	61,847	64,069	62,585
Non-property income
Non-property income
Income from discontinued operations allocated to common units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	53	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fee and asset management
2,527	2,847	2,139	1,867	1,843	-	1,827	1,826	-	-662,893	228,178	223,370	219,521	217,139	220,235	221,478	217,595	214,985	212,593	206,432	201,608	162,744	213,098	208,492	205,929	204,317	199,740	194,983	189,811	169,938	181,763	176,918	169,699	116,173	164,224	161,402	157,602	113,055	154,274	151,291	149,452	155,225	156,308
Interest and other income
329	976	1,485	331	298	432	385	491	793	1,432	385	560	634	836	927	215	224	289	107	141	60	80	430	44	288	41	86	1,038	52	40	3	-65	-688	-100	-108	86	4,771	10,686	451	492	-3,045	-582	-1,097
Income/(loss) on deferred compensation plans
-14,860	6,702	780	3,856	10,356	-10,304	3,539	435	-205	4,902	3,648	3,441	4,617	730	3,494	1,224	63	1,607	-3,438	-297	1,864	2,003	-765	2,018	681	3,078	2,315	-102	2,999	952	-1,781	-2,185	7,786	5,540	-6,096	1,375	5,954	4,763	6,918	-3,582	3,482	8,194	7,660
Total non-property income (loss)
-12,004	10,525	4,404	6,054	12,497	-8,292	5,751	2,752	2,586	8,704	6,149	5,943	6,999	3,207	6,088	3,230	2,052	3,812	-1,429	1,462	3,487	4,614	1,796	4,209	3,992	5,992	5,497	3,763	5,945	3,765	1,263	1,358	10,021	8,458	-3,558	3,932	12,563	11,503	9,514	-1,045	8,365	10,594	11,001
Other expenses
Property management
6,527	6,386	6,154	6,093	6,657	-	6,303	6,473	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fee and asset management
843	1,737	1,316	1,522	1,184	-	1,140	1,088	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
13,233	13,174	13,458	13,261	13,308	13,622	12,618	12,272	12,223	13,002	12,266	12,451	12,868	12,579	10,810	11,803	12,223	13,113	11,790	11,582	9,748	20,595	10,331	10,534	9,545	9,209	9,993	11,590	9,794	9,816	9,303	9,730	8,679	9,064	8,572	8,032	9,788	8,423	7,568	7,367	7,404	7,532	7,246
Interest
19,707	20,168	20,719	19,349	20,470	22,047	21,235	20,607	20,374	20,618	21,210	21,966	22,956	23,209	23,076	23,070	23,790	23,740	23,674	24,846	25,052	26,060	22,967	22,746	23,133	25,817	24,275	24,797	24,895	25,451	25,865	26,247	26,683	26,942	27,354	28,381	29,737	30,815	31,781	31,742	31,555	31,117	34,002
Depreciation and amortization
91,859	85,540	85,814	84,646	80,274	78,677	76,476	75,569	70,224	68,193	67,014	65,033	63,734	62,767	62,832	62,456	62,091	61,684	61,336	59,940	57,984	47,527	59,179	57,953	57,396	57,771	54,285	52,629	51,603	46,271	49,409	51,087	47,906	31,514	43,367	44,754	45,851	33,748	43,034	42,010	42,968	42,697	43,702
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	836	816	841	-	875	898	916	887	909	900	912	1,116	1,344	1,890	1,527	1,478	1,185	713	726	682	857
Expense/(benefit) on deferred compensation plans
-14,860	6,702	780	3,856	10,356	-10,304	3,539	435	-205	4,902	3,648	3,441	4,617	730	3,494	1,224	63	1,607	-3,438	-297	1,864	2,003	-765	2,018	681	3,078	2,315	-102	2,999	952	-1,781	-2,185	7,786	5,540	-6,096	1,375	5,954	4,763	6,918	-3,582	3,482	8,194	7,660
Total other expenses
117,309	133,707	128,241	128,727	132,249	111,466	121,311	116,444	110,220	113,791	111,312	110,406	112,086	106,250	106,713	105,968	106,259	107,094	100,289	103,123	101,516	100,249	99,204	101,167	98,694	99,670	98,601	96,540	97,667	91,109	91,078	92,074	98,993	81,099	80,921	91,211	99,396	85,445	96,430	84,534	92,512	95,673	99,312
Gain on sale of land
382	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	0	0	0	-323	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,716
Gain on sale of operating properties
-	-	-	-	-	-	-	-	-	-	-	-	-	0	262,719	32,235	443	19,096	0	0	85,192	155,680	1,808	1,447	354	0	0	0	698	0	0	0	0	-	0	4,748	-	-	-	236	-	-	-
Gain on acquisition of controlling interest in joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,227	0	0	40,191	0	0	0	0	-	-	-	-	-	-
Impairment associated with land holdings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,152	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of unconsolidated joint venture interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,136	-	-	0	0	-	-
Loss on discontinuation of hedging relationship
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	29,791	-	-	-	-	-	-	-
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions
2,122	8,888	2,100	1,900	1,912	2,207	1,900	1,900	1,829	1,943	1,255	1,785	1,817	2,073	1,866	1,689	1,497	1,681	1,574	1,531	1,382	1,134	863	736	4,290	4,207	1,926	17,798	934	15,489	3,688	632	366	5,845	-556	16	374	-54	-244	-436	-105	-38	222
Income from continuing operations before income taxes
44,934	96,605	45,095	43,770	39,889	40,633	40,320	40,252	40,913	89,298	35,987	40,339	36,460	42,493	303,821	72,508	38,179	57,422	33,785	32,552	116,625	167,102	39,686	36,685	41,547	42,967	35,793	48,407	30,275	56,128	28,173	20,536	57,797	10,728	13,566	-14,694	10,129	-1,297	3,463	3,588	3,353	6,039	2,918
Income tax expense
467	391	313	228	168	302	330	380	388	192	512	25	471	413	400	489	315	538	498	407	429	1,477	353	-401	474	239	720	468	399	216	334	434	224	331	313	256	1,320	295	712	304	270	126	347
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	42,080	303,421	72,019	37,864	56,884	33,287	32,145	116,196	-	-	-	41,073	42,728	35,073	47,939	29,876	55,912	27,839	20,102	57,573	10,397	13,253	-14,950	8,809	-1,592	2,751	3,284	3,083	5,913	2,571
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,529	5,076	4,918	4,907	5,056	4,869	-	-	-	-	1,290	2,319	2,132	2,774	7,707	3,964	2,745	2,990	15,046	1,098	895	792	-	-	-	698	279	1,029
Gain on sale of discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	375,237	-	-	0	0	-	-	-	-	-	91,101	34,410	24,866	31,783	82,527	0	0	32,541	24,621	0	0	0	-	-	-	-	-	16,887
Net income
44,467	96,225	44,782	43,542	39,721	40,307	39,990	39,872	40,525	89,082	35,475	40,314	35,989	42,080	303,421	449,785	42,940	61,802	38,194	37,201	121,065	184,624	39,333	36,284	41,073	135,119	71,802	74,937	64,433	146,146	31,803	22,847	93,104	50,064	14,351	-14,055	9,601	19,281	3,832	4,248	3,781	6,192	20,487
Less income allocated to non-controlling interests
1,183	1,211	1,185	1,143	1,108	1,111	1,124	1,201	1,130	1,093	1,091	1,126	1,128	1,187	12,523	3,483	1,210	1,209	1,150	1,122	5,466	6,126	1,050	1,012	1,037	1,128	1,029	1,001	864	1,651	1,025	1,019	764	1,037	752	781	556	279	432	364	-254	505	422
Less income, including gain on sale, allocated to non-controlling interests from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,995	53	1,764	93	2,329	75	65	731	427	9	11	9	-	-	-	-	-	-
Less income allocated to perpetual preferred units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	776	1,750	1,750	1,750	1,750	1,750	1,750	1,750	1,750	1,750	1,750
Less write off of original issuance costs of redeemed perpetual preferred units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,075	0	0	0	0	-	-	-	-	-	-
Net income attributable to common shareholders
43,284	95,014	43,597	42,399	38,613	39,196	38,866	38,671	39,395	87,989	34,384	39,188	34,861	40,893	290,898	446,302	41,730	60,593	37,044	36,079	115,599	178,498	38,283	35,272	40,036	129,996	70,720	72,172	63,476	142,166	30,703	21,763	88,758	46,850	11,840	-16,597	7,286	17,147	1,650	2,134	2,285	3,937	18,315
Earnings per share - basic
Income (Loss) from Continuing Operations, Per Basic Share
-	-	-	-	-	-	-	-	-	-	-	-	-	0.45	3.23	0.72	0.41	0.62	0.36	0.34	1.23	-	-	-	-	0.46	0.38	0.53	0.33	0.61	0.31	0.23	0.66	0.10	0.14	-0.24	0.09	-0.06	0.01	0.02	0.02	0.06	0.01
Earnings per common share from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	4.22	0.05	0.05	0.05	0.06	0.06	-	-	-	-	1.02	0.42	0.29	0.39	1.02	0.05	0.03	0.44	0.54	0.02	0.01	0.01	0.31	0.01	0.01	0.01	-	0.29
Earnings per share – basic
0.43	0.96	0.44	0.43	0.40	0.41	0.41	0.40	0.41	0.94	0.38	0.43	0.39	0.45	3.23	4.94	0.46	0.67	0.41	0.40	1.29	2.01	0.43	0.40	0.45	1.48	0.80	0.82	0.72	1.63	0.36	0.26	1.10	0.64	0.16	-0.23	0.10	0.25	0.02	0.03	0.03	0.06	0.30
Earnings per share - diluted
Income (Loss) from Continuing Operations, Per Diluted Share
-	-	-	-	-	-	-	-	-	-	-	-	-	0.45	3.21	0.72	0.41	0.62	0.36	0.34	1.22	-	-	-	-	0.45	0.38	0.53	0.33	0.60	0.31	0.23	0.65	0.10	0.14	-0.24	0.09	-0.06	0.01	0.02	0.02	0.06	0.01
Earnings per common share from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	0.00	4.20	0.05	0.06	0.05	0.06	0.05	-	-	-	-	1.01	0.41	0.28	0.39	1.02	0.04	0.03	0.42	0.53	0.02	0.01	0.01	0.31	0.01	0.01	0.01	-	0.29
Earnings per share – diluted
0.43	0.95	0.44	0.43	0.40	0.42	0.40	0.40	0.41	0.93	0.38	0.43	0.39	0.46	3.21	4.92	0.46	0.68	0.41	0.40	1.27	1.99	0.43	0.40	0.45	1.46	0.79	0.81	0.72	1.62	0.35	0.26	1.07	0.63	0.16	-0.23	0.10	0.25	0.02	0.03	0.03	0.06	0.30
Distributions declared per common share
-	-	-	-	-	-	-	-	-	-	0.75	0.75	0.75	-	5.00	0.75	0.75	-	0.70	0.70	0.70	-	0.66	0.66	0.66	-	0.63	0.63	0.63	-	0.56	0.56	0.56	-	0.49	0.49	0.49	-	0.45	0.45	0.45	0.45	0.45
Weighted average number of common shares outstanding – basic
99,298	99,086	98,959	98,903	96,892	95,265	95,257	95,243	95,067	94,955	91,011	90,105	89,925	89,748	89,669	89,559	89,344	89,176	89,164	89,153	88,987	88,694	88,146	87,845	87,651	87,473	87,449	87,191	86,703	86,349	85,631	83,223	79,885	73,533	73,242	72,343	71,906	70,767	69,100	68,090	66,475	66,094	61,499
Weighted average number of common shares outstanding – diluted
99,380	102,432	99,066	98,997	97,041	94,664	95,417	95,337	96,046	96,037	92,033	91,041	90,949	89,229	90,012	89,862	90,509	87,714	89,530	90,252	90,464	86,723	89,353	88,972	88,824	89,512	88,716	88,472	87,276	89,230	86,293	83,846	82,855	74,448	74,274	72,343	72,783	69,957	69,441	68,386	66,648	66,602	61,499
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29,012	54,261	26,814	19,083	53,958	7,610	10,751	-17,481	6,503	-3,621	569	1,170	1,587	3,658	399
Income from discontinued operations, including gain on sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34,557	90,234	3,964	2,745	35,531	39,667	1,098	895	792	20,873	1,081	964	698	-	-
Less income, including gain on sale, allocated to non-controlling interests from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,995	53	1,764	93	2,329	75	65	731	427	9	11	9	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34,464	87,905	3,889	2,680	34,800	39,240	1,089	884	783	-	-	964	-	279	17,916
Income from discontinued operations attributable to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,081	964	698	-	-
Net Income (Loss) Attributable to Parent
43,284	95,014	43,597	42,399	38,613	39,196	38,866	38,671	39,395	87,989	34,384	39,188	34,861	40,893	290,898	446,302	41,730	60,593	37,044	36,079	115,599	178,498	38,283	35,272	40,036	129,996	70,720	72,172	63,476	142,166	30,703	21,763	88,758	46,850	11,840	-16,597	7,286	17,147	1,650	2,134	2,285	3,937	18,315
Condensed Consolidated Statements of Comprehensive Income
Net income
44,467	96,225	44,782	43,542	39,721	40,307	39,990	39,872	40,525	89,082	35,475	40,314	35,989	42,080	303,421	449,785	42,940	61,802	38,194	37,201	121,065	184,624	39,333	36,284	41,073	135,119	71,802	74,937	64,433	146,146	31,803	22,847	93,104	50,064	14,351	-14,055	9,601	19,281	3,832	4,248	3,781	6,192	20,487
Other comprehensive income
Unrealized (loss) on cash flow hedging activities
0	0	0	-7,060	-5,938	-7,202	5,202	5,181	3,601	-64	1,754	0	0	-	0	-	-	-	-	-	-	-	-417	-	-	-	0	-	-	-	-	-	-	0	0	-2,189	-503	490	-5,323	-7,409	-6,817	-8,732	1,361
Reclassification of net losses on cash flow hedging activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-67,785	108	33,786	-5,766	17,547	-5,825	5,784	5,879	5,697	-5,469
Unrealized gain on available-for-sale securities, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-3,309	-	1,914	-	-	-	-
Reclassification of net loss (gain) on cash flow hedging activities, prior service cost and net loss on post retirement obligation
366	358	357	-351	-375	-350	35	34	35	34	34	34	34	33	32	33	32	37	38	37	37	25	20	14	15	13	14	13	14	53	-7	-8	-8	0	0	0	0	-	-	-	-	-	-
Reclassification of gain on available-for-sale investment to earnings, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Comprehensive income
44,833	96,134	45,139	36,131	33,408	33,205	45,227	45,087	44,161	89,032	37,263	40,348	36,023	42,033	303,453	449,818	42,972	62,196	38,232	37,238	121,102	183,679	38,936	36,298	41,088	135,033	71,816	74,950	64,447	145,744	31,810	22,855	93,112	49,180	14,459	17,542	11,555	27,125	6,248	2,623	2,843	3,157	27,317
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	42,080	303,421	72,019	37,864	56,884	33,287	32,145	116,196	-	-	-	41,073	42,728	35,073	47,939	29,876	55,912	27,839	20,102	57,573	10,397	13,253	-14,950	8,809	-1,592	2,751	3,284	3,083	5,913	2,571
Less income allocated to non-controlling interests
1,183	1,211	1,185	1,143	1,108	1,111	1,124	1,201	1,130	1,093	1,091	1,126	1,128	1,187	12,523	3,483	1,210	1,209	1,150	1,122	5,466	6,126	1,050	1,012	1,037	1,128	1,029	1,001	864	1,651	1,025	1,019	764	1,037	752	781	556	-	432	-	-	-	-
Comprehensive income attributable to common shareholders
43,650	94,923	43,954	34,988	32,300	32,094	44,103	43,886	43,031	87,939	36,172	39,222	34,895	40,846	290,930	446,335	41,762	60,987	37,082	36,116	115,636	177,553	37,886	35,286	40,051	129,910	70,734	72,185	63,490	141,764	30,710	21,771	88,766	45,966	11,948	15,000	9,240	24,991	4,066	509	1,347	902	25,145
Property management
Expenses
-	-	-	-	-	-	-	-	6,639	-	6,201	6,554	7,027	5,978	5,590	6,417	7,140	5,632	5,700	5,931	5,792	4,962	5,416	5,853	5,839	5,196	5,353	5,242	5,983	6,152	5,509	4,851	5,284	5,208	5,050	5,109	5,319	4,988	4,789	5,022	5,183	4,377	4,542
Fee and asset management expense
Expenses
-	-	-	-	-	-	-	-	965	-	973	961	884	987	911	998	952	1,318	1,227	1,121	1,076	1,595	1,240	1,247	1,259	1,288	1,505	1,486	1,477	1,580	1,864	1,444	1,743	1,715	1,330	1,670	1,220	1,230	1,155	1,262	1,194	1,074	1,303
Other property revenues
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	-	-	-	-	-	-	-	-	33,488	32,900	31,419	30,678	32,464	32,232	30,476	29,352	29,943	28,119	26,388	19,751	28,851	28,054	26,965	26,522	27,200	26,349	25,418	21,947	25,779	25,143	23,445	14,325	23,892	23,235	21,767	14,536	22,363	21,677	20,601	22,467	21,454
Fee and asset management income
Revenues
-	-	-	-	-	-	-	-	1,998	-	2,116	1,942	1,748	1,641	1,667	1,791	1,765	1,916	1,902	1,618	1,563	2,531	2,131	2,147	3,023	2,873	3,096	2,827	2,894	2,773	3,041	3,608	2,923	3,018	2,646	2,471	1,838	2,144	2,145	2,045	1,838	1,818	2,244