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← Filings of CSGP

Tables in the 10-Q of COSTAR GROUP, INC.

40 tables with numbers, filed Jul 25, 2024. Each one downloads as a CSV for Excel or Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed. Open the filing on sec.gov ↗

Table 1 after “TABLE OF CONTENTS”

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Glossary of Terms3
PART IFINANCIAL INFORMATION
Item 1.Financial Statements5
Condensed Consolidated Statements of Operations5
Condensed Consolidated Statements of Comprehensive Income6
Condensed Consolidated Balance Sheets7
Condensed Consolidated Statements of Changes in Stockholders’ Equity8
Condensed Consolidated Statements of Cash Flows10

First 8 of 21 rows. The CSV has all of them.

Table 2 after “The following abbreviations or acronyms used in this Quarterly Report on Form 10-Q (this "Report") are defined below:”

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Abbreviation or AcronymDefinition
2020 Credit AgreementThe second amended and restated credit agreement, dated July 1, 2020, which amended and restated in its entirety the then-existing credit agreement originally entered into on April 1, 2014, as amended by the first amendment to the second amended and restated credit agreement, dated May 8, 2023 and was replaced by the 2024 Credit Agreement in May 2024
2023 Form 10-KCoStar Group's Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on February 21, 2024
2024 Credit AgreementOn May 24, 2024, the Company entered into a credit agreement replacing the Company’s 2020 Credit Agreement
ASUAccounting Standards Update
Business ImmoThe legal entity BIH, a French société par actions simplifiée, the owner and operator of Business Immo, a leading commercial real estate news service provider in France
CECLCurrent expected credit losses
CODMChief Operating Decision Maker

First 8 of 29 rows. The CSV has all of them.

Table 3 after “3”

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Abbreviation or AcronymDefinition
Matterport Common StockEach share of Matterport Class A common stock, par value $0.0001 per share
Merger Sub IMatrix Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of the Company
Merger Sub IIMatrix Merger Sub II LLC, a Delaware limited liability company and wholly owned subsidiary of the Company
Merger Exchange RatioA ratio determined based on the average of the volume-weighted average prices at which the CoStar Group Shares trade on Nasdaq Global Select Market for the 20 consecutive Trading Days (as defined in the Merger Agreement) ending on (and including) the Trading Day that is three Trading Days prior to the date of the First Effective Time (the “Average CoStar Group Share Price”) and shall be subject to a symmetrical collar, applied as follows: (i) if the Average CoStar Group Share Price is greater than or equal to $94.62 (the “Ceiling Price”), then the Merger Exchange Ratio shall be set at 0.02906; (ii) if the Average CoStar Group Share Price is less than or equal to $77.42 (the “Floor Price”), then the Merger Exchange Ratio shall be set at 0.03552; or (iii) if the Average CoStar Group Share Price is greater than the Floor Price and less than the Ceiling Price, then the Merger Exchange Ratio shall be equal to the quotient of (x) $2.75 divided by (y) the Average CoStar Group Share Price
MLSMultiple Listing Services
MSPPManagement Stock Purchase Plan
OnTheMarketThe legal entity OnTheMarket Limited. (formerly OnTheMarket Plc), the operator of onthemarket.com, a leading U.K. residential property portal

First 8 of 20 rows. The CSV has all of them.

Table 4 after “(unaudited)”

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Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Revenues$677.8$605.9$1,334.2$1,190.3
Cost of revenues135.8112.4277.0231.6
Gross profit542.0493.51,057.2958.7
Operating expenses:
Selling and marketing (excluding customer base amortization)358.4250.0724.5476.2
Software development79.663.4162.0130.0

First 8 of 21 rows. The CSV has all of them.

Table 5 after “(unaudited)”

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Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Net income$19.2$100.5$25.9$187.7
Other comprehensive (loss) income, net of tax
Foreign currency translation adjustment(0.2)3.4(4.5)7.4
Total other comprehensive (loss) income, net of tax(0.2)3.4(4.5)7.4
Total comprehensive income$19.0$103.9$21.4$195.1

Table 6 after “(unaudited)”

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June 30, 2024December 31, 2023
ASSETS
Current assets:
Cash and cash equivalents$4,919.5$5,215.9
Accounts receivable226.2213.2
Less: Allowance for credit losses(22.4)(23.2)
Accounts receivable, net203.8190.0
Prepaid expenses and other current assets83.970.2

First 8 of 34 rows. The CSV has all of them.

Table 7 after “(unaudited)”

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Common StockAdditional Paid-In CapitalAccumulated Other Comprehensive LossRetained EarningsTotal Stockholders’ Equity
SharesAmount
Balance at December 31, 2023408.1$4.1$5,147.8$(17.6)$2,204.3$7,338.6
Net income————6.76.7
Other comprehensive loss———(4.3)—(4.3)
Restricted stock grants1.4—————
Restricted stock grants surrendered(0.4)—(24.5)——(24.5)
Employee stock purchase plan0.1—5.2——5.2

First 8 of 20 rows. The CSV has all of them.

Table 8 after “(unaudited)”

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Common StockAdditional Paid-In CapitalAccumulated Other Comprehensive LossRetained EarningsTotal Stockholders’ Equity
SharesAmount
Balance at December 31, 2022406.7$4.1$5,065.5$(29.1)$1,829.6$6,870.1
Net income————87.187.1
Other comprehensive income———4.1—4.1
Exercise of stock options——0.5——0.5
Restricted stock grants1.3—————
Restricted stock grants surrendered(0.5)—(18.6)——(18.6)

First 8 of 19 rows. The CSV has all of them.

Table 9 after “(unaudited)”

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Six Months Ended June 30,
20242023
Operating activities:
Net income$25.9$187.7
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization72.151.7
Amortization of deferred commissions costs56.345.3
Amortization of Senior Notes discount and issuance costs1.71.2

First 8 of 43 rows. The CSV has all of them.

Table 10 after “The components of accumulated other comprehensive loss, net of tax, were as follows (in millions):”

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June 30, 2024December 31, 2023
Foreign currency translation loss$(22.1)$(17.6)
Total accumulated other comprehensive loss$(22.1)$(17.6)

Table 11 after “The following table sets forth the calculation of basic and diluted net income per share (in millions, except per share data):”

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Three Months Ended June 30,Six Months Ended June 30,
Numerator:2024202320242023
Net income$19.2$100.5$25.9$187.7
Denominator:
Denominator for basic net income per share — weighted-average outstanding shares406.0405.4405.8405.0
Effect of dilutive securities:
Stock options, restricted stock awards and restricted stock units1.41.31.51.5
Denominator for diluted net income per share — weighted-average outstanding shares407.4406.7407.3406.5

First 8 of 10 rows. The CSV has all of them.

Table 12 after “The following table summarizes the shares underlying the unvested performance-based restricted stock and anti-dilutive securities excluded f”

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Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Performance-based restricted stock awards0.90.70.90.7
Anti-dilutive securities0.50.51.11.1

Table 13 after “Stock-based compensation expense for stock options, restricted stock awards and restricted stock units issued under equity incentive plans, ”

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Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Cost of revenues$3.6$3.5$7.3$6.9
Selling and marketing (excluding customer base amortization)3.02.45.54.6
Software development5.74.311.08.4
General and administrative10.411.621.722.0
Total stock-based compensation expense$22.7$21.8$45.5$41.9

Table 14 after “Components of other (expense) income, net related to leasing operations for the three and six months ended June 30, 2024 were as follows (in”

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Three Months Ended June 30, 2024Six Months Ended June 30, 2024
Lease income$6.6$9.8
Property operating expenses2.74.2
Depreciation and amortization expense5.38.9
Other expense, net from leasing operations$(1.4)$(3.3)

Table 15 after “million and was allocated to the following components (in millions):”

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ComponentBalance Sheet CaptionAmount
LandProperty and equipment, net$17.2
BuildingProperty and equipment, net224.5
Land and building improvementsProperty and equipment, net27.5
Above-market leasesIntangible assets, net41.7
In-place leasesIntangible assets, net32.1
$343.0

Table 16 after “Revenues by operating segment and type of service consist of the following (in millions):”

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Three Months Ended June 30,
20242023
North AmericaInternationalTotalNorth AmericaInternationalTotal
CoStar$237.1$15.9$253.0$219.6$9.6$229.2
Information Services27.95.533.432.29.741.9
Multifamily264.2—264.2224.3—224.3
LoopNet67.22.669.863.22.365.5
Residential16.210.026.212.7—12.7

First 8 of 10 rows. The CSV has all of them.

Table 17 after “NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (unaudited)”

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Six Months Ended June 30,
20242023
North AmericaInternationalTotalNorth AmericaInternationalTotal
CoStar$472.8$30.5$503.3$435.4$18.8$454.2
Information Services55.311.166.464.319.283.5
Multifamily519.0—519.0435.0—435.0
LoopNet133.65.3138.9124.44.4128.8
Residential24.620.244.825.9—25.9

First 8 of 10 rows. The CSV has all of them.

Table 18 after “Deferred revenue as of June 30, 2024 and December 31, 2023 was as follows (in millions):”

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BalanceBalance Sheet CaptionJune 30, 2024December 31, 2023
Current portionDeferred revenue$122.9$104.2
Non-current portionLease and other long-term liabilities0.20.1
Total deferred revenue$123.1$104.3

Table 19 after “Changes in deferred revenue for the period were as follows (in millions):”

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Balance at December 31, 2023$104.3
Revenues recognized in the current period from the amounts in the beginning balance(85.3)
New deferrals, net of amounts recognized in the current period104.3
Effects of foreign currency(0.2)
Balance at June 30, 2024$123.1

Table 20 after “Contract assets as of June 30, 2024 and December 31, 2023 were as follows (in millions):”

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BalanceBalance Sheet CaptionJune 30, 2024December 31, 2023
Current portionPrepaid expenses and other current assets$5.7$5.8
Non-current portionDeposits and other assets7.68.0
Total contract assets$13.3$13.8

Table 21 after “Commissions expense activity for the three and six months ended June 30, 2024 and 2023 was as follows (in millions):”

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Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Commissions incurred$44.7$46.7$96.5$92.3
Commissions capitalized in the current period(28.9)(32.8)(67.6)(65.0)
Amortization of deferred commissions costs29.123.456.345.3
Total commissions expense$44.9$37.3$85.2$72.6

Table 22 after “The following tables detail the activity related to the allowance for credit losses for trade receivables by portfolio segment (in millions)”

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Six Months Ended June 30, 2024
CoStarInformation ServicesMultifamilyLoopNetOther MarketplacesTotal
Beginning balance at December 31, 2023$9.7$2.5$7.3$2.7$1.0$23.2
Current-period provision for expected credit losses7.10.76.52.50.217.0
Write-offs charged against the allowance, net of recoveries and other(9.5)(0.7)(4.8)(2.9)0.1(17.8)
Ending balance at June 30, 2024$7.3$2.5$9.0$2.3$1.3$22.4

Table 23 after “The following tables detail the activity related to the allowance for credit losses for trade receivables by portfolio segment (in millions)”

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Six Months Ended June 30, 2023
CoStarInformation ServicesMultifamilyLoopNetOther MarketplacesTotal
Beginning balance at December 31, 2022$4.5$1.1$4.3$1.4$0.9$12.2
Current-period provision for expected credit losses8.80.52.12.6—13.9
Write-offs charged against the allowance, net of recoveries and other(8.1)(0.1)(0.9)(2.0)—(11.1)
Ending balance at June 30, 2023$5.2$1.5$5.5$2.0$0.9$15.0

Table 24 after “The following table summarized the amounts recorded for acquired assets and assumed liabilities recorded at their fair value as of the closi”

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Preliminary: December 12, 2023
Cash and cash equivalents$18.2
Accounts receivable2.3
Goodwill62.8
Intangible assets55.2
Accrued expenses(12.7)
Accrued wages and commissions(2.0)
Deferred income taxes, net(3.0)

First 8 of 10 rows. The CSV has all of them.

Table 25 after “The following table summarizes the fair values (in millions) of the identifiable intangible assets acquired in the OnTheMarket Acquisition, ”

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Estimated Fair ValueEstimated Useful LifeAmortization Method
Customer base$42.08Accelerated
Trade name10.215Straight-line
Technology3.02Straight-line
Total intangible assets$55.2

Table 26 after “Lease costs related to the Company's operating and finance leases included in the condensed consolidated statements of operations were as fo”

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Three Months Ended June 30,Six Months Ended June 30,
Operating lease costs:2024202320242023
Cost of revenues$2.4$2.4$5.0$4.5
Software development1.91.53.63.0
Selling and marketing (excluding customer base amortization)3.53.97.47.5
General and administrative1.91.03.32.0
Total operating lease costs$9.7$8.8$19.3$17.0
Finance lease costs:

First 8 of 12 rows. The CSV has all of them.

Table 27 after “Supplemental balance sheet information related to operating leases was as follows (in millions):”

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BalanceBalance Sheet LocationJune 30, 2024December 31, 2023
Operating lease liabilities$97.0$109.9
Less: imputed interest(6.7)(7.0)
Present value of lease liabilities90.3102.9
Less: current portion of lease liabilitiesLease liabilities36.736.9
Long-term lease liabilitiesLease and other long-term liabilities$53.6$66.0
Weighted-average remaining lease term in years3.83.9
Weighted-average discount rate3.7%3.6%

First 8 of 17 rows. The CSV has all of them.

Table 28 after “Supplemental cash flow information related to leases was as follows (in millions):”

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Six Months Ended June 30,
20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases$17.4$19.4
Operating cash flows used in finance leases$0.6$—
Financing cash flows used in finance leases$2.2$—
ROU assets obtained in exchange for lease obligations:
Operating leases$6.4$10.5

First 8 of 9 rows. The CSV has all of them.

Table 29 after “The changes in the carrying amount of goodwill by operating segment consist of the following (in millions):”

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North AmericaInternationalTotal
Goodwill, December 31, 2022$2,149.2$165.6$2,314.8
Acquisitions, including measurement period adjustments(1)—62.862.8
Effect of foreign currency translation—8.68.6
Goodwill, December 31, 20232,149.2237.02,386.2
Effect of foreign currency translation—(2.6)(2.6)
Goodwill, June 30, 2024$2,149.2$234.4$2,383.6
__________________________

Table 30 after “Intangible assets consist of the following (in millions, except amortization period data):”

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June 30, 2024December 31, 2023Weighted- Average Amortization Period (in years)
Acquired technology and data$36.2$36.35
Accumulated amortization(24.8)(21.0)
Acquired technology and data, net11.415.3
Acquired customer base438.9509.510
Accumulated amortization(281.9)(330.7)
Acquired customer base, net157.0178.8
Acquired trade names and other intangible assets251.8258.913

First 8 of 17 rows. The CSV has all of them.

Table 31 after “The table below presents the components of outstanding debt (in millions):”

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June 30, 2024December 31, 2023
2.800% Senior Notes due July 15, 2030$1,000.0$1,000.0
2020 Credit Agreement, due July 1, 2025——
2024 Credit Agreement, due July 1, 2029——
Total face amount of long-term debt1,000.01,000.0
Senior Notes unamortized discount and issuance costs(8.8)(9.5)
Long-term debt, net991.2990.5

Table 32 after “The Company recognized interest expense as follows (in millions):”

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Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Interest on outstanding borrowings$7.0$7.0$14.0$14.0
Amortization of Senior Notes discount and issuance costs1.10.61.71.2
Interest capitalized for construction in process(1.5)—(2.6)—
Commitment fees and other0.80.51.61.4
Total interest expense$7.4$8.1$14.7$16.6

Table 33 after “The following summarizes the Company's significant contractual obligations, including related payments due by period, as of June 30, 2024 (i”

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Year Ending December 31,Operating lease obligationsFinance lease obligationsLong-term debt principal paymentsLong-term interest payments
Remainder of 2024$22.1$2.7$—$14.0
202527.45.4—28.0
202616.45.4—28.0
202713.74.4—28.0
202810.80.1—28.0
Thereafter6.6—1,000.056.0
Total$97.0$18.0$1,000.0$182.0

Table 34 after “Summarized EBITDA information by operating segment consists of the following (in millions):”

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Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
North America$30.8$104.6$34.0$201.3
International(18.7)0.6(34.6)1.8
Total EBITDA$12.1$105.2$(0.6)$203.1

Table 35 after “The reconciliation of net income to EBITDA consists of the following (in millions):”

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Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Net income$19.2$100.5$25.9$187.7
Amortization of acquired intangible assets in cost of revenues7.97.516.714.6
Amortization of acquired intangible assets in operating expenses10.210.521.221.1
Depreciation and other amortization10.18.120.416.0
Interest income, net(53.5)(51.9)(109.7)(95.4)
Other expense (income), net(1)1.5(0.6)3.4(1.2)

First 8 of 12 rows. The CSV has all of them.

Table 36 after “Summarized information by operating segment consists of the following (in millions):”

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June 30, 2024December 31, 2023
Property and equipment, net:
North America$845.5$465.7
International7.76.5
Total property and equipment, net$853.2$472.2
Goodwill:
North America$2,149.3$2,149.2
International234.3237.0

First 8 of 17 rows. The CSV has all of them.

Table 37 after “The following table compares our selected consolidated results of operations for the three months ended June 30, 2024 and 2023 (in millions,”

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Three Months Ended June 30,
20242023Increase (Decrease) ($)Increase (Decrease) (%)
Revenues:
CoStar$253.0$229.2$23.810%
Information Services33.441.9(8.5)(20)
Multifamily264.2224.339.918
LoopNet69.865.54.37
Residential26.212.713.5106

First 8 of 26 rows. The CSV has all of them.

Table 38 after “The following table provides a comparison of our selected consolidated results of operations for the six months ended June 30, 2024 and 2023”

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Six Months Ended June 30,
20242023Increase (Decrease) ($)Increase (Decrease) (%)
Revenues:
CoStar$503.3$454.2$49.111%
Information Services66.483.5(17.1)(20)
Multifamily519.0435.084.019
LoopNet138.9128.810.18
Residential44.825.918.973

First 8 of 26 rows. The CSV has all of them.

Table 39 after “ISSUER PURCHASES OF EQUITY SECURITIES”

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2024Total Number ofSharesPurchased(1)Average Price Paid per ShareTotal Number of Shares Purchased as Part of Publicly Announced Plans or ProgramsMaximum Number of Shares that May Yet Be Purchased Under the Plans or Programs
April 1 through 301,234$95.56——
May 1 through 313891.53——
June 1 through 307,11976.30——
Total8,391$79.20——
__________________________

Table 40 after “Exhibits”

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Exhibit No.Description
2.1Agreement and Plan of Merger and Reorganization dated April 21, 2024, by and among CoStar Group, Inc., Matterport, Inc., Matrix Merger Sub, Inc. and Matrix Merger Sub II LLC. (Incorporated by reference to Exhibit 2.1 to the Registrant's Current Report on Form 8-K filed with the SEC on April 22, 2024).
3.1Fourth Amended and Restated Certificate of Incorporation (Incorporated by reference to Exhibit 3.1 to the Registrant's Current Report on Form 8-K filed with the SEC on June 7, 2021).
3.2Fourth Amended and Restated By-Laws (Incorporated by reference to Exhibit 3.1 to the Registrant's Current Report on Form 8-K filed with the SEC on May 9, 2022).
10.1*Credit Agreement, dated as of May 24, 2024, by and among CoStar Group, Inc., as borrower, the lenders party thereto and Bank of America, N.A., as administrative agent. (Incorporated by reference to Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on May 31, 2024).
31.1Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith).
31.2Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith).
32.1Certification of Principal Executive Officer pursuant to 18 U.S.C. Sec. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith).

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