GME 2017 Annual Report

$BTI VTFE JO JOWFTUJOH BDUJWJUJFT XBT NJMMJPO JO GJTDBM NJMMJPO JO GJTDBM BOE NJMMJPO JO GJTDBM 5IF EFDMJOF JO DBTI VTFE JO JOWFTUJOH BDUJWJUJFT JO GJTDBM DPNQBSFE UP GJTDBM XBT EVF UP MPXFS BDRVJTJUJPO BDUJWJUZ BOE NJMMJPO JO QSPDFFET QSJNBSJMZ GSPN UIF TBMF PG ,POHSFHBUF $BTI QBJE GPS BDRVJTJUJPOT UPUBMFE NJMMJPO JO GJTDBM BOE NJMMJPO JO GJTDBM PG XIJDI UIF TJHOJGJDBOU NBKPSJUZ XBT JO PVS 5FDIOPMPHZ #SBOET TFHNFOU *O GJTDBM DBTI QBJE GPS BDRVJTJUJPOT UPUBMFE NJMMJPO PG XIJDI NJMMJPO XBT VTFE UP BDRVJSF 5IJOL(FFL BOE NJMMJPO XBT VTFE JO PVS 5FDIOPMPHZ #SBOET TFHNFOU $BQJUBM FYQFOEJUVSFT UPUBMFE NJMMJPO NJMMJPO BOE NJMMJPO JO GJTDBM GJTDBM BOE GJTDBM SFTQFDUJWFMZ *O GJTDBM PVS GJOBODJOH BDUJWJUJFT XFSF B OFU DBTI PVUGMPX PG NJMMJPO DPOTJTUJOH QSJNBSJMZ PG EJWJEFOET QBJE PG NJMMJPO BOE SFQBZNFOU PG BDRVJTJUJPO SFMBUFE EFCU PG NJMMJPO $BTI QSPWJEFE CZ GJOBODJOH BDUJWJUJFT XBT NJMMJPO JO GJTDBM BOE DBTI VTFE JO GJTDBM XBT NJMMJPO 5IF DBTI GMPXT QSPWJEFE CZ GJOBODJOH BDUJWJUJFT JO GJTDBM QSJNBSJMZ DPOTJTUFE PG NJMMJPO JO QSPDFFET OFU PG GJOBODJOH DPTUT GSPN UIF JTTVBODF PG PVS 4FOJPS /PUFT PGGTFU CZ EJWJEFOET QBJE PG NJMMJPO BOE TIBSF SFQVSDIBTFT PG NJMMJPO 5IF DBTI GMPXT VTFE JO GJOBODJOH BDUJWJUJFT JO GJTDBM XFSF QSJNBSJMZ GPS UIF SFQVSDIBTF PG NJMMJPO PG DPNNPO TIBSFT BOE UIF QBZNFOU PG EJWJEFOET PO PVS $MBTT " $PNNPO 4UPDL PG NJMMJPO 4PVSDFT PG -JRVJEJUZ 8F VUJMJ[F DBTI HFOFSBUFE GSPN PQFSBUJPOT BOE IBWF GVOET BWBJMBCMF UP VT VOEFS PVS SFWPMWJOH DSFEJU GBDJMJUZ UP DPWFS TFBTPOBM GMVDUVBUJPOT JO DBTI GMPXT BOE UP TVQQPSU PVS WBSJPVT JOJUJBUJWFT 0VS DBTI BOE DBTI FRVJWBMFOUT BSF DBSSJFE BU DPTU BOE DPOTJTU QSJNBSJMZ PG UJNF EFQPTJUT XJUI DPNNFSDJBM CBOLT 0O/PWFNCFS XF FOUFSFE JOUP B TFDPOE BNFOENFOU UP PVS BTTFU CBTFE SFWPMWJOH DSFEJU GBDJMJUZ UIF "NFOEFE3FWPMWFS 5IF "NFOEFE 3FWPMWFS JODSFBTFE UIF CPSSPXJOH CBTF DBQBDJUZ UP NJMMJPO BOE FYUFOEFE UIF NBUVSJUZ EBUF GSPN .BSDI UP /PWFNCFS 5IF "NFOEFE 3FWPMWFS NBJOUBJOT UIF FYJTUJOH NJMMJPO FYQBOTJPO GFBUVSF BOE NJMMJPO MFUUFS PG DSFEJU TVCMJNJU BOE BMMPXT GPS BO JODSFNFOUBM NJMMJPO GJSTU JO MBTU PVU GBDJMJUZ 5IF BQQMJDBCMF NBSHJOT GPS QSJNF SBUF MPBOT XFSF SFEVDFE GSPN B SBOHF PG UP UP B SBOHF PG UP BOE GPS -POEPO *OUFSCBOL 0GGFSFE -*#0 SBUF MPBOT SFEVDFE GSPN B SBOHF PG UP UP B SBOHF PG UP 0UIFS UFSNT BOE DPWFOBOUT VOEFS UIF "NFOEFE 3FWPMWFS SFNBJO TVCTUBOUJBMMZ VODIBOHFE 8F BSF SFRVJSFE UP QBZ B DPNNJUNFOU GFF PG GPS BOZ VOVTFE QPSUJPO PG UIF UPUBM DPNNJUNFOU VOEFS UIF "NFOEFE 3FWPMWFS "T PG 'FCSVBSZ UIF BQQMJDBCMF NBSHJO XBT GPS QSJNF SBUF MPBOT BOE GPS -*#0 SBUF MPBOT "T PG 'FCSVBSZ UPUBM BWBJMBCJMJUZ VOEFS UIF "NFOEFE 3FWPMWFS XBT NJMMJPO XJUI OP PVUTUBOEJOH CPSSPXJOHT BOE PVUTUBOEJOH TUBOECZ MFUUFST PG DSFEJU PG NJMMJPO *O .BSDI XF JTTVFE NJMMJPO BHHSFHBUF QSJODJQBM BNPVOU PG VOTFDVSFE TFOJPS OPUFT EVF .BSDI UIF 4FOJPS /PUFT *OUFSFTU JT QBZBCMF TFNJ BOOVBMMZ JO BSSFBST PO .BSDI BOE 4FQUFNCFS PG FBDI ZFBS 5IF OFU QSPDFFET GSPN UIF PGGFSJOH XFSF VTFE GPS HFOFSBM DPSQPSBUF QVSQPTFT JODMVEJOH BDRVJTJUJPOT BOE EJWJEFOET *O 4FQUFNCFS XF JTTVFE NJMMJPO BHHSFHBUF QSJODJQBM BNPVOU PG VOTFDVSFE TFOJPS OPUFT EVF 0DUPCFS UIF 4FOJPS /PUFT BOE UPHFUIFS XJUI UIF 4FOJPS /PUFT UIF b4FOJPS /PUFTc *OUFSFTU JT QBZBCMF TFNJ BOOVBMMZ JO BSSFBST PO "QSJM BOE 0DUPCFS PG FBDI ZFBS 5IF OFU QSPDFFET GSPN UIF PGGFSJOH XFSF VTFE GPS HFOFSBM DPSQPSBUF QVSQPTFT JODMVEJOH BDRVJTJUJPOT BOE EJWJEFOET 5IF BHSFFNFOU HPWFSOJOH PVS "NFOEFE 3FWPMWFS BOE UIF JOEFOUVSFT HPWFSOJOH PVS 4FOJPS /PUFT QMBDF DFSUBJO SFTUSJDUJPOT PO VT BOE PVS TVCTJEJBSJFT JODMVEJOH BNPOH PUIFST MJNJUBUJPOT PO BTTFU TBMFT BEEJUJPOBM MJFOT JOWFTUNFOUT JODVSSFODF PG BEEJUJPOBM EFCU BOE TIBSF SFQVSDIBTFT *O BEEJUJPO UIF JOEFOUVSFT HPWFSOJOH PVS "NFOEFE 3FWPMWFS BOE 4FOJPS /PUFT DPOUBJO DVTUPNBSZ FWFOUT PG EFGBVMU JODMVEJOH BNPOH PUIFST QBZNFOU EFGBVMUT CSFBDIFT PG DPWFOBOUT BOE DFSUBJO FWFOUT PG CBOLSVQUDZ JOTPMWFODZ BOE SFPSHBOJ[BUJPO 5IF"NFOEFE 3FWPMWFS JT BMTP TVCKFDU UP B GJYFE DIBSHF DPWFSBHF SBUJP DPWFOBOU JG FYDFTT BWBJMBCJMJUZ JT CFMPX DFSUBJO UISFTIPMET 8F BSF DVSSFOUMZ JO DPNQMJBODF XJUI BMM DPWFOBOUT VOEFS PVS JOEFOUVSFT HPWFSOJOH UIF 4FOJPS /PUFT BOE PVS "NFOEFE 3FWPMWFS 4FF /PUF b%FCU c UP PVS DPOTPMJEBUFE GJOBODJBM TUBUFNFOUT GPS BEEJUJPOBM JOGPSNBUJPO SFMBUFE UP PVS "NFOEFE 3FWPMWFS BOE 4FOJPS /PUFT 0VS -VYFNCPVSH TVCTJEJBSZ NBJOUBJOT B EJTDSFUJPOBSZ NJMMJPO 6ODPNNJUUFE -JOF PG $SFEJU UIF b-JOF PG $SFEJUc XJUI #BOL PG "NFSJDB 5IFSF JT OP UFSN BTTPDJBUFE XJUI UIF -JOF PG $SFEJU BOE #BOL PG "NFSJDB NBZ XJUIESBX UIF GBDJMJUZ BU BOZ UJNF XJUIPVU OPUJDF 5IF -JOF PG $SFEJU JT BWBJMBCMF UP PVS GPSFJHO TVCTJEJBSJFT GPS VTF QSJNBSJMZ BT B CBOL PWFSESBGU GBDJMJUZ GPS TIPSU UFSN MJRVJEJUZ OFFET BOE GPS UIF JTTVBODF PG CBOL HVBSBOUFFT BOE MFUUFST PG DSFEJU UP TVQQPSU PQFSBUJPOT "T PG 'FCSVBSZ UIFSF XFSF OP DBTI PWFSESBGUT PVUTUBOEJOH VOEFS UIF -JOF PG $SFEJU BOE CBOL HVBSBOUFFT PVUTUBOEJOH UPUBMFE NJMMJPO