GME 2017 Annual Report

5IF WJEFP HBNF JOEVTUSZ IBT IJTUPSJDBMMZ CFFO DZDMJDBM BOE JT BGGFDUFE CZ UIF JOUSPEVDUJPO PG OFYU HFOFSBUJPO DPOTPMFT XIJDI DPVME OFHBUJWFMZ JNQBDU UIF EFNBOE GPS FYJTUJOH QSPEVDUT PS PVS QSF PXOFE CVTJOFTT 5IF WJEFP HBNF JOEVTUSZ IBT IJTUPSJDBMMZ CFFO DZDMJDBM JO OBUVSF JO SFTQPOTF UP UIF JOUSPEVDUJPO BOE NBUVSBUJPO PG OFX UFDIOPMPHZ 'PMMPXJOH UIF JOUSPEVDUJPO PG OFX WJEFP HBNF QMBUGPSNT TBMFT PG UIFTF QMBUGPSNT BOE SFMBUFE TPGUXBSF BOE BDDFTTPSJFT HFOFSBMMZ JODSFBTF EVF UP JOJUJBM EFNBOE XIJMF TBMFT PG PMEFS QMBUGPSNT BOE SFMBUFE QSPEVDUT HFOFSBMMZ EFDSFBTF BT DVTUPNFST NJHSBUF UPXBSE UIF OFX QMBUGPSNT *O BEEJUJPO UIF GFBUVSFT PG OFX DPOTPMFT PS DIBOHFT UP UIF FYJTUJOH HFOFSBUJPOT PG DPOTPMFT JODMVEJOH BOZ GVUVSF SFTUSJDUJPOT PS DPOEJUJPOT PS UIF BCJMJUZ UP QMBZ QSJPS HFOFSBUJPO WJEFP HBNFT PO TVDI DPOTPMFT NBZ BEWFSTFMZ BGGFDU PVS QSF PXOFE CVTJOFTT 5IF DVSSFOU HFOFSBUJPO DPOTPMF DZDMF CFHBO XIFO 4POZ BOE .JDSPTPGU MBVODIFE UIF 1MBZ4UBUJPO BOE 9CPY 0OF JO /PWFNCFS /JOUFOEP JOUSPEVDFE UIF 4XJUDI JO .BSDI *G UIF DVSSFOU WJEFP HBNF QMBUGPSNT EP OPU DPOUJOVF UP CF TVDDFTTGVM PVS TBMFT PG WJEFP HBNF QSPEVDUT DPVME EFDMJOF 5IF JOUSPEVDUJPO PG OFYU HFOFSBUJPO DPOTPMFT DPVME OFHBUJWFMZ JNQBDU UIF EFNBOE GPS FYJTUJOH QSPEVDUT PS PVS QSF PXOFE CVTJOFTT XIJDI DPVME IBWF B OFHBUJWF JNQBDU PO SFTVMUT PG PQFSBUJPOT BOE GJOBODJBM DPOEJUJPO 8F EFQFOE VQPO UIF UJNFMZ EFMJWFSZ PG OFX BOE JOOPWBUJWF QSPEVDUT GSPN PVS WFOEPST 8F EFQFOE PO NBOVGBDUVSFST BOE QVCMJTIFST UP EFMJWFS WJEFP HBNF IBSEXBSF TPGUXBSF BOE XJSFMFTT BOE DPOTVNFS FMFDUSPOJDT JO RVBOUJUJFT TVGGJDJFOU UP NFFU DVTUPNFS EFNBOE *O BEEJUJPO XF EFQFOE PO UIFTF NBOVGBDUVSFST BOE QVCMJTIFST UP JOUSPEVDF OFX BOE JOOPWBUJWF QSPEVDUT BOE TPGUXBSF UJUMFT UP ESJWF JOEVTUSZ TBMFT 8F IBWF FYQFSJFODFE TBMFT EFDMJOFT JO UIF QBTU EVF UP B SFEVDUJPO JO UIF OVNCFS PG OFX TPGUXBSF UJUMFT BWBJMBCMF GPS TBMF "OZ NBUFSJBM EFMBZ JO UIF JOUSPEVDUJPO PS EFMJWFSZ PS MJNJUFE BMMPDBUJPOT PG IBSEXBSF QMBUGPSNT TPGUXBSF UJUMFT PS XJSFMFTT EFWJDFT DPVME SFTVMU JO SFEVDFE TBMFT *G XF GBJM UP LFFQ QBDF XJUI DIBOHJOH JOEVTUSZ UFDIOPMPHZ BOE DPOTVNFS QSFGFSFODFT XF XJMM CF BU B DPNQFUJUJWF EJTBEWBOUBHF 5IF JOUFSBDUJWF FOUFSUBJONFOU JOEVTUSZ JT DIBSBDUFSJ[FE CZ TXJGUMZ DIBOHJOH UFDIOPMPHZ FWPMWJOH JOEVTUSZ TUBOEBSET GSFRVFOU OFX BOE FOIBODFE QSPEVDU JOUSPEVDUJPOT SBQJEMZ DIBOHJOH DPOTVNFS QSFGFSFODFT BOE QSPEVDU PCTPMFTDFODF 7JEFP HBNFT BSF OPX QMBZFE PO B XJEF WBSJFUZ PG NFEJVNT JODMVEJOH NPCJMF QIPOFT UBCMFUT TPDJBM OFUXPSLJOH XFCTJUFT BOE PUIFS EFWJDFT 5IF QPQVMBSJUZ PG CSPXTFS NPCJMF BOE TPDJBM HBNJOH IBT JODSFBTFE HSFBUMZ BOE UIJT QPQVMBSJUZ JT FYQFDUFE UP DPOUJOVF UP HSPX #SPXTFS NPCJMF BOE TPDJBM HBNJOH JT BDDFTTFE UISPVHI IBSEXBSF PUIFS UIBO UIF DPOTPMFT BOE USBEJUJPOBM IBOE IFME WJEFP HBNF EFWJDFT XF DVSSFOUMZ TFMM 0VS CVTJOFTT BOE SFTVMUT PG PQFSBUJPOT NBZ CF OFHBUJWFMZ JNQBDUFE JG XF BSF VOBCMF UP SFTQPOE UP UIJT HSPXUI JO QPQVMBSJUZ PG CSPXTFS NPCJMF BOE TPDJBM HBNJOH BOE USBOTJUJPO PVS CVTJOFTT UP UBLF BEWBOUBHF PG UIFTF OFX GPSNT PG HBNJOH *O PSEFS UP DPOUJOVF UP DPNQFUF FGGFDUJWFMZ JO UIF WJEFP HBNF JOEVTUSZ XF OFFE UP SFTQPOE RVJDLMZ UP UFDIOPMPHJDBM DIBOHFT BOE UP VOEFSTUBOE UIFJS JNQBDU PO PVS DVTUPNFSTa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a BCJMJUZ UP BDDFTT BOE EPXOMPBE UIF DVSSFOU GPSNBU PG WJEFP HBNFT BOE JODSFNFOUBM DPOUFOU GPS UIFJS HBNFT UISPVHI UIFTF BOE PUIFS TPVSDFT PVS DVTUPNFST NBZ OP MPOHFS DIPPTF UP QVSDIBTF WJEFP HBNFT JO PVS TUPSFT PS SFEVDF UIFJS QVSDIBTFT JO GBWPS PG PUIFS GPSNT PG HBNF EFMJWFSZ "T B SFTVMU PVS CVTJOFTT BOE SFTVMUT PG PQFSBUJPOT NBZ CF OFHBUJWFMZ JNQBDUFE 0VS TBMFT PG DPMMFDUJCMFT EFQFOE PO QPQVMBSJUZ PG BOE USFOET JO QPQ DVMUVSF BOE PVS BCJMJUZ UP SFBDU UP UIFN 0VS TBMFT PG DPMMFDUJCMFT BSF IFBWJMZ EFQFOEFOU VQPO UIF DPOUJOVFE EFNBOE CZ PVS DVTUPNFST GPS DPMMFDUJCMFT BQQBSFM UPZT HBEHFUT FMFDUSPOJDT BOE PUIFS SFUBJM QSPEVDUT GPS QPQ DVMUVSF BOE UFDIOPMPHZ FOUIVTJBTUT 5IF QPQVMBSJUZ PG TVDI QSPEVDUT JT PGUFO ESJWFO CZ NPWJFT UFMFWJTJPO TIPXT NVTJD GBTIJPO BOE PUIFS QPQ DVMUVSF JOGMVFODFT 5IF NBSLFU GPS BOE BQQFBM PG QBSUJDVMBS UZQFT PG NVTJD NPWJFT UFMFWJTJPO TIPXT BSUJTUT BDUPST TUZMFT USFOET BOE CSBOET JT DPOTUBOUMZ DIBOHJOH 0VS GBJMVSF UP BOUJDJQBUF JEFOUJGZ BOE SFBDU BQQSPQSJBUFMZ UP DIBOHJOH USFOET BOE QSFGFSFODFT PG DVTUPNFST DPVME MFBE UP BNPOH PUIFS UIJOHT FYDFTT JOWFOUPSJFT BOE IJHIFS NBSLEPXOT 5IFSF DBO CF OP BTTVSBODF UIBU UIF DPMMFDUJCMFT BOE SFMBUFE QSPEVDUT UIBU XF TFMM XJMM BQQFBM UP PVS DVTUPNFST