GME 2017 Annual Report

DPNQMJBODF DPTUT SFMBUFE UP FOGPSDFNFOU PG GFEFSBM BOE TUBUF XBHF BOE IPVS TUBUVUFT BOE DPNNPO MBX SFMBUFE UP PWFSUJNF BNPOH PUIFST DPVME DBVTF PVS FYQFOTFT UP JODSFBTF XJUIPVU BO BCJMJUZ UP QBTT UISPVHI BOZ JODSFBTFE FYQFOTFT UISPVHI IJHIFS QSJDFT &OWJSPONFOUBM MFHJTMBUJPO PS PUIFS SFHVMBUPSZ DIBOHFT DPVME JNQPTF VOFYQFDUFE DPTUT PS JNQBDU VT NPSF EJSFDUMZ UIBO PUIFS DPNQBOJFT EVF UP PVS PQFSBUJPOT BT B HMPCBM SFUBJMFS 4QFDJGJDBMMZ FOWJSPONFOUBM MFHJTMBUJPO PS JOUFSOBUJPOBM BHSFFNFOUT BGGFDUJOH FOFSHZ DBSCPO FNJTTJPOT BOE XBUFS PS QSPEVDU NBUFSJBMT BSF DPOUJOVBMMZ CFJOH FYQMPSFE CZ HPWFSOJOH CPEJFT *ODSFBTJOH FOFSHZ BOE GVFM DPTUT TVQQMZ DIBJO EJTSVQUJPOT BOE PUIFS QPUFOUJBM SJTLT UP PVS CVTJOFTT BT XFMM BT BOZ TJHOJGJDBOU SVMF NBLJOH PS QBTTBHF PG BOZ TVDI MFHJTMBUJPO DPVME NBUFSJBMMZ JODSFBTF UIF DPTU UP USBOTQPSU PVS HPPET BOE NBUFSJBMMZ BEWFSTFMZ BGGFDU PVS SFTVMUT PG PQFSBUJPOT "EEJUJPOBMMZ SFHVMBUPSZ BOE FOGPSDFNFOU BDUJWJUZ GPDVTFE PO UIF SFUBJM JOEVTUSZ IBT JODSFBTFE JO SFDFOU ZFBST JODSFBTJOH UIF SJTL PG GJOFT BOE BEEJUJPOBM PQFSBUJPOBM DPTUT BTTPDJBUFE XJUI DPNQMJBODF "T B TFMMFS PG DFSUBJO DPOTVNFS QSPEVDUT XF BSF TVCKFDU UP WBSJPVT GFEFSBM TUBUF MPDBM BOE JOUFSOBUJPOBM MBXT SFHVMBUJPOT BOE TUBUVUFT SFMBUJOH UP QSPEVDU TBGFUZ BOE DPOTVNFS QSPUFDUJPO 8IJMF XF UBLF TUFQT UP DPNQMZ XJUI UIFTF MBXT UIFSF DBO CF OP BTTVSBODF UIBU XF XJMM CF JO DPNQMJBODF BOE GBJMVSF UP DPNQMZ XJUI UIFTF MBXT DPVME SFTVMU JO MJUJHBUJPO SFHVMBUPSZ BDUJPO BOE QFOBMUJFT XIJDI DPVME IBWF B OFHBUJWF JNQBDU PO PVS CVTJOFTT GJOBODJBM DPOEJUJPO BOE SFTVMUT PG PQFSBUJPOT *O BEEJUJPO PVS TVQQMJFST NJHIU OPU BEIFSF UP QSPEVDU TBGFUZ SFRVJSFNFOUT BOE UIF $PNQBOZ BOE UIPTF TVQQMJFST NBZ UIFSFGPSF CF TVCKFDU UP JOWPMVOUBSZ PS WPMVOUBSZ QSPEVDU SFDBMMT PS QSPEVDU MJBCJMJUZ MBXTVJUT %JSFDU DPTUT MPTU TBMFT BOE SFQVUBUJPOBM EBNBHF BTTPDJBUFE XJUI QSPEVDU SFDBMMT HPWFSONFOU FOGPSDFNFOU BDUJPOT PS QSPEVDU MJBCJMJUZ MBXTVJUT JOEJWJEVBMMZ PS JO UIF BHHSFHBUF DPVME IBWF B OFHBUJWF JNQBDU PO GVUVSF SFWFOVFT BOE SFTVMUT PG PQFSBUJPOT 0VS #PBSE PG %JSFDUPST DPVME DIBOHF PVS EJWJEFOE QPMJDZ BU BOZ UJNF 8F JOJUJBUFE PVS GJSTU DBTI EJWJEFOE PO PVS DPNNPO TUPDL EVSJOH GJTDBM /PUXJUITUBOEJOH UIF GPSFHPJOH UIFSF JT OP BTTVSBODF UIBU XF XJMM DPOUJOVF UP QBZ DBTI EJWJEFOET PO PVS DPNNPO TUPDL JO UIF GVUVSF $FSUBJO QSPWJTJPOT JO PVS DSFEJU GBDJMJUZ BOE DPWFOBOUT VOEFS UIF JOEFOUVSFT GPS PVS 4FOJPS /PUFT EVF 0DUPCFS UIF b 4FOJPS /PUFTc BOE PVS 4FOJPS /PUFT EVF .BSDI UIF 4FOJPS /PUFT BOE UPHFUIFS UIF b4FOJPS /PUFTc SFTUSJDU PVS BCJMJUZ UP QBZ EJWJEFOET JO DFSUBJO DJSDVNTUBODFT *O BEEJUJPO TVCKFDU UP BOZ GJOBODJBM DPWFOBOUT JO DVSSFOU PS GVUVSF GJOBODJOH BHSFFNFOUT UIBU EJSFDUMZ PS JOEJSFDUMZ SFTUSJDU PVS BCJMJUZ UP QBZ EJWJEFOET UIF QBZNFOU PG EJWJEFOET JT XJUIJO UIF EJTDSFUJPO PG PVS #PBSE PG %JSFDUPST BOE XJMM EFQFOE VQPO PVS GVUVSF FBSOJOHT BOE DBTI GMPX GSPN PQFSBUJPOT PVS DBQJUBM SFRVJSFNFOUT PVS GJOBODJBM DPOEJUJPO BOE BOZ PUIFS GBDUPST UIBU UIF #PBSE PG %JSFDUPST NBZ DPOTJEFS 6OMFTT XF DPOUJOVF UP QBZ DBTI EJWJEFOET PO PVS DPNNPO TUPDL JO UIF GVUVSF UIF TVDDFTT PG BO JOWFTUNFOU JO PVS DPNNPO TUPDL XJMM EFQFOE FOUJSFMZ VQPO JUT GVUVSF BQQSFDJBUJPO 0VS DPNNPO TUPDL NBZ OPU BQQSFDJBUF JO WBMVF PS FWFO NBJOUBJO UIF QSJDF BU XIJDI JU XBT QVSDIBTFE 8F SFDPHOJ[FE TVCTUBOUJBM JNQBJSNFOU DIBSHFT JO GJTDBM BOE BOZ GVUVSF JNQBJSNFOU DIBSHFT PO PVS HPPEXJMM BOE JOUBOHJCMF BTTFUT DPVME OFHBUJWFMZ JNQBDU PVS SFTVMUT PG PQFSBUJPOT 0VS DPOTPMJEBUFE CBMBODF TIFFU BU 'FCSVBSZ JODMVEFE HPPEXJMM BOE JOUBOHJCMF BTTFUT OFU UPUBMJOH CJMMJPO (PPEXJMM BOE DFSUBJO JOUBOHJCMF BTTFUT BSJTF GSPN BDRVJTJUJPOT BOE BSF OPU BNPSUJ[FE BT UIFZ IBWF JOEFGJOJUF VTFGVM MJWFT 0UIFS JOUBOHJCMF BTTFUT BSF BNPSUJ[FE PWFS UIFJS FTUJNBUFE FDPOPNJD VTFGVM MJWFT 8F BSF SFRVJSFE UP FWBMVBUF HPPEXJMM BOE PUIFS JOUBOHJCMF BTTFUT OPU TVCKFDU UP BNPSUJ[BUJPO GPS JNQBJSNFOU BU MFBTU BOOVBMMZ 5IJT BOOVBM UFTU JT DPNQMFUFE BU UIF CFHJOOJOH PG UIF GPVSUI RVBSUFS PG FBDI GJTDBM ZFBS PS XIFO DJSDVNTUBODFT JOEJDBUF UIF DBSSZJOH WBMVF PG UIF HPPEXJMM PS PUIFS JOUBOHJCMF BTTFUT NJHIU CF JNQBJSFE 5IF JNQBJSNFOU UFTU SFRVJSFT OVNFSPVT BTTVNQUJPOT TVDI BT BNPOH PUIFST GVUVSF TBMFT USFOET PQFSBUJOH NBSHJOT TUPSF DPVOU BOE DBQJUBM FYQFOEJUVSFT *O BEEJUJPO DIBOHFT JO PVS NBSLFU DBQJUBMJ[BUJPO NBZ JNQBDU DFSUBJO BTTVNQUJPOT JO PVS BOOVBM JNQBJSNFOU UFTU *G PVS BDUVBM GJOBODJBM SFTVMUT JO UIF GVUVSF BSF CFMPX PVS QSPKFDUJPOT PS JG PVS TUPDL QSJDF FYQFSJFODFT B TVTUBJOFE EFDMJOF XF NBZ CF SFRVJSFE UP SFDPSE TJHOJGJDBOU JNQBJSNFOU DIBSHFT BTTPDJBUFE XJUI PVS HPPEXJMM BOE JOUBOHJCMF BTTFUT XIJDI XPVME OFHBUJWFMZ JNQBDU PVS SFTVMUT PG PQFSBUJPOT *O GJTDBM XF SFDPSEFE JNQBJSNFOU DIBSHFT PG NJMMJPO BOE NJMMJPO BTTPDJBUFE XJUI PVS JOUBOHJCMF BTTFUT BOE HPPEXJMM SFTQFDUJWFMZ *O GJTDBM XF SFDPSEFE JOUBOHJCMF BTTFU JNQBJSNFOU DIBSHFT UPUBMJOH NJMMJPO 4FF (PPEXJMM BOE *OEFGJOJUF MJWFE *OUBOHJCMF"TTFUT JO 1BSU ** *UFN .BOBHFNFOU T %JTDVTTJPO BOE "OBMZTJT PG 'JOBODJBM $POEJUJPO BOE 3FTVMUT PG 0QFSBUJPOT f $SJUJDBM "DDPVOUJOH 1PMJDJFT BOE 6TF PG &TUJNBUFTc GPS BEEJUJPOBM JOGPSNBUJPO 3JTLT 3FMBUJOH UP *OEFCUFEOFTT #FDBVTF PG PVS GMPBUJOH SBUF DSFEJU GBDJMJUZ XF NBZ CF BEWFSTFMZ BGGFDUFE CZ JOUFSFTU SBUF DIBOHFT 0VS GJOBODJBM QPTJUJPO NBZ CF BGGFDUFE CZ GMVDUVBUJPOT JO JOUFSFTU SBUFT BT PVS TFOJPS DSFEJU GBDJMJUZ JT TVCKFDU UP GMPBUJOH JOUFSFTU SBUFT *OUFSFTU SBUFT BSF IJHIMZ TFOTJUJWF UP NBOZ GBDUPST JODMVEJOH HPWFSONFOUBM NPOFUBSZ QPMJDJFT EPNFTUJD BOE JOUFSOBUJPOBM FDPOPNJD BOE QPMJUJDBM DPOEJUJPOT BOE PUIFS GBDUPST CFZPOE PVS DPOUSPM *G XF XFSF UP CPSSPX BHBJOTU PVS TFOJPS DSFEJU GBDJMJUZ B TJHOJGJDBOU JODSFBTF JO JOUFSFTU SBUFT DPVME IBWF B OFHBUJWF JNQBDU PO PVS SFTVMUT PG PQFSBUJPOT BOE GJOBODJBM DPOEJUJPO