BankUnited, Inc. BKU Cash Flow

Bankunited, inc. (BKU)

CashFlow / 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
Cash flows from operating activities:
Net income (loss)
-30,951	89,456	76,219	81,451	65,972	52,403	97,328	89,900	85,235	417,794	67,779	66,407	62,293	63,294	50,848	56,725	54,874	56,263	102,303	46,637	46,457	46,834	53,567	48,543	55,271	52,393	54,309	54,008	48,226	62,502	49,557	48,929	50,272	41,280	45,553	-23,597	-67
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Amortization and accretion, net
5,520	6,769	8,098	11,034	11,418	-10,515	27,907	35,104	34,053	24,034	21,703	25,488	23,920	23,619	28,956	31,509	29,895	41,369	39,249	40,261	43,497	54,377	65,683	65,834	72,539	80,545	90,115	101,531	101,797	131,333	106,196	360,168	-121,512	884,764	-125,215	-226,184	-109
Amortization of fees, discounts and premiums, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,087	-4,200	-2
Provision for credit losses
125,428	-469	1,839	-2,747	10,281	12,583	1,200	8,995	3,147	5,174	37,854	13,619	12,100	8,462	24,408	14,333	3,708	9,924	17,819	8,421	8,147	20,523	5,387	7,192	8,403	12,512	2,604	4,881	11,967	1,030	6,374	2,725	8,767	4,012	1,252	8,552	11
Income from resolution of covered assets, net
-	-	-	-	-	862	3,134	4,238	3,317	5,384	6,400	8,361	7,305	9,729	8,883	9,545	7,998	9,397	12,364	13,743	15,154	9,326	14,525	12,170	13,061	14,500	24,592	20,580	19,190	11,414	17,517	14,803	7,282	11,708	4,702	2,366	-0
Net loss on FDIC indemnification
-	-	-	-	-	-2,274	3,090	-1,400	-3,615	-8,046	-4,838	-2,588	-6,748	-8,349	993	-4,114	-6,289	-12,918	-15,988	-16,771	-20,265	-6,638	-16,958	-5,896	-16,904	-2,891	-18,377	-17,683	-11,687	-	-	-	134	42,955	-777	37,607	26
Accretion of discount on FDIC indemnification asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,804	34,423	19
Gain on sale of loans, net
3,466	1,899	5,163	2,121	2,936	2,904	8,691	768	3,501	20,988	2,447	-404	4,558	2,954	-7,947	-903	1,490	10,943	11,301	8,223	10,166	-2,065	3,789	-9	19,332	-6,687	-4,081	-4,115	-586	-29,355	189	253	256	-70,117	151	252	-0
Increase in cash surrender value of bank owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	944	1,272	757	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from bank owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	778	447	1,012	865	745	605	576	1,083	463	440	548	1,021	971	796	830	935	1,004	851	2,036	-0
Gain (Loss) on Investments
-3,453	7,438	3,835	4,116	5,785	221	432	2,142	364	4,272	26,931	627	1,636	4,396	3,008	3,858	3,199	2,987	2,343	1,128	2,022	2,703	795	0	361	2,341	1,066	3,536	1,686	-	-	-	-	-	-	-	-
(Gain) loss on other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-93	-218	2,677	509	1,697	5,672	-249	-7,261	1,410	-1,312	1,401	3,763	-2,865	-24,461	-12
Equity based compensation
3,637	6,400	5,716	4,778	6,473	5,092	5,773	5,489	6,783	8,355	4,632	4,708	4,997	4,614	4,568	4,562	4,288	3,982	4,821	4,073	3,151	3,922	4,355	3,745	3,529	2,984	4,289	3,283	3,380	2,701	3,488	6,888	10,127	9,025	9,549	126,078	116
Depreciation and amortization
10,319	19,320	17,550	17,384	18,171	12,796	20,081	15,759	15,632	16,348	15,367	15,243	14,594	17,473	12,958	12,794	13,219	12,646	11,267	10,181	9,296	8,744	7,877	7,550	7,381	7,077	5,914	5,368	4,825	4,420	3,743	3,511	3,382	2,654	2,225	3,106	1
Impairment of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,385	3,048	3,547	2,746	4,037	17,776	9
Deferred income taxes
945	2,251	11,465	12,785	-1,972	7,707	35,997	10,754	13,320	26,176	6,642	26,973	-1,990	-3,769	8,022	11,538	14,398	53,916	-57,569	12,393	20,731	-8,371	-12,702	-3,997	-14,507	6,476	-10,397	8,309	3,849	12,963	-6,807	-9,020	-69,364	-49,477	-1,433	35,787	13
Proceeds from sale of loans held for sale
191,783	95,007	107,173	102,638	107,216	86,259	96,212	60,711	25,407	31,843	34,118	49,458	43,202	41,120	32,431	48,433	41,104	49,262	46,519	66,363	6,995	6,661	5,430	8,226	2,070	5,075	13,750	9,255	8,672	9,998	10,270	10,719	11,933	12,800	7,559	14,527	8
Loans originated for sale, net of repayments
13,036	17,903	17,641	23,847	27,177	30,465	51,876	36,903	36,730	33,094	38,089	39,433	32,066	40,120	36,907	28,018	43,150	44,733	34,722	44,053	7,311	5,780	5,901	8,149	3,258	4,285	12,850	8,192	8,764	69,710	-8,751	-11,305	-9,919	56,711	-8,398	-12,768	-8
Realized tax benefits from dividend equivalents and equity based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	68	443	-235	640	503	365	615	1,631	830	400	-66	658	443	393	118	-	-	-	-
Gain on acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	5,288	0	0	0	0
Other:
(Increase) decrease in other assets
25,028	2,539	11,609	-31,604	-293	-313,854	93,018	-10,379	-5,246	330,725	-2,074	5,698	-14,720	-30,873	-6,115	7,253	8,364	36,826	-21,934	9,568	9,855	22,634	-742	36,241	-22,807	11,888	-1,435	-19,701	13,572	-4,638	-13,775	12,835	2,478	-14,110	-8,103	7,119	-7
Decrease in other liabilities
-194,044	48,050	-2,969	-57,498	-70,599	-48,701	105,585	-32,432	57,674	-7,773	24,489	-6,264	-51,771	-11,349	15,699	13,970	15,039	7,169	21,320	1,710	1,723	8,656	10,030	13,078	-7,572	-4,237	40,361	15,277	5,166	-21,469	-70,665	7,851	30,252	34,557	9,754	-2,388	3
Net cash provided by operating activities
63,520	223,467	174,443	149,277	88,519	420,330	174,028	91,800	138,094	87,466	102,223	93,529	35,408	81,222	83,305	85,917	58,066	59,323	83,908	48,118	28,130	1,833	-64	-32,875	-18,640	-24,304	3,133	1,421	-47,357	-65,222	-116,018	-72,745	-97,621	-65,444	-60,138	-122,955	-50
Net Cash Provided by (Used in) Investing Activities [Abstract]
Net cash paid in business combination
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3,252	-1,626	0	0	0	0
Purchase of investment securities
945,793	719,401	1,016,118	991,611	1,169,104	1,581,237	827,584	1,093,002	637,171	775,926	697,411	998,487	659,974	833,932	694,794	718,397	810,983	658,052	363,801	704,480	367,175	434,161	478,941	570,895	65,652	455,905	4,745	244,991	389,836	282,552	202,089	388,666	427,178	621,503	395,398	1,057,008	573
Proceeds from repayments and calls of investment securities
282,822	313,541	409,829	374,102	273,112	398,956	443,775	418,860	272,360	398,826	253,558	468,868	139,192	267,056	174,292	170,576	112,742	113,864	139,237	149,677	135,214	108,605	94,800	82,622	76,525	-	-	-	-	-	54,818	12,055	4,250	61,403	162	0	0
Proceeds from repayments of investment securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	172,694	180,927	181,796	160,519	135,802	133,421	132,927	274,523	144
Proceeds from Sale of Available-for-sale Securities
306,532	678,138	670,871	850,527	775,723	92,255	102,238	569,387	266,930	460,238	399,430	166,368	261,555	374,227	259,571	272,838	221,347	314,570	324,536	139,997	334,917	152,438	83,536	0	119,824	-	-	-	-	579,136	117,355	133,407	5,847	17,226	130,496	69,344	2
Purchase of non-marketable equity securities
79,688	92,438	123,250	107,949	88,188	72,250	69,063	102,000	64,813	62,687	86,480	60,563	38,675	76,287	56,313	59,500	63,000	34,990	38,250	50,996	17,363	42,750	7,200	22,500	10,350	9,000	11,925	11,701	7,511	10,737	1,444	6,508	26,700	0	0	0	0
Proceeds from redemption of non-marketable equity securities
51,638	111,563	140,250	94,987	78,413	78,625	74,375	73,313	80,750	66,937	88,188	53,125	58,438	75,437	44,625	30,388	40,375	32,938	23,375	31,875	25,088	10,125	11,925	12,375	8,767	6,750	4,500	4,131	5,750	23,400	10,097	28,173	0	-	-	-	-
Income from life insurance proceeds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Proceeds from sale of investment securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-68,019	-	-	-	-16	-	1,112	103	-0
Purchases of loans
502,628	560,552	742,697	588,881	305,354	394,932	309,562	271,278	333,000	351,702	312,418	296,967	339,909	329,215	354,900	327,966	254,016	109,759	242,642	266,053	169,380	342,292	234,363	199,956	179,384	235,361	331,285	347,796	227,366	207,780	159,944	175,756	165,908	129,439	97,182	157,516	33
Loan originations, repayments and resolutions, net
-309,963	-145,559	-383,260	-96,421	147,435	-84,219	-167,702	136,975	-289,823	480,263	24,550	458,253	-290,728	5,481	443,527	749,040	196,868	1,062,313	838,793	611,517	616,078	4,239,153	-230,761	-661,498	-729,621	3,187,240	-596,097	-550,335	26,983	-80,294	16,036	-114,602	-25,670	-81,544	-41,038	292,519	209
Proceeds from sale of loans, net
9,332	59,713	196,309	1,226	8,334	293,976	135,209	53,375	62,185	98,009	-17	53,007	45,414	50,830	37,047	40,954	42,536	54,605	54,209	50,916	47,695	81,621	52,279	343,542	146,920	30,790	32,639	36,451	16,731	-	-	0	0	-	-	-	-
Proceeds from sale of operating lease equipment
-	-	-	-	-	1,232	1,010	36,487	13,405	1,777	904	2,269	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in FDIC indemnification asset for claims filed
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,029	12,832	17,228	7,177	21,902	20,596	27,616	25,656	41,048	41,870	49,366	116,324	-42,688	1,009,408	-72,248	-605,863	269,560	-1,395,863	155,342	486,271	286
Purchase of bank owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Bank owned life insurance proceeds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,782	-	-	0	0	-	-	-	-
Purchase of premises and equipment, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,784	2,241	-	5,832	-3,659	16,352	5,885	4,110	6,789	5,295	8,263	8,300	6,933	8,462	15,955	8,848	17,780	11
Acquisition of operating lease equipment
0	25,474	1,190	14,722	22,400	53,195	81,173	42,097	14,035	22,432	24,941	24,843	27,337	36,160	43,831	6,094	2,474	35,652	40,541	56,223	54,913	74,912	37,461	466	13,995	13,365	100,778	14,916	32,950	-	-	0	0	-	-	-	-
Proceeds from sale of premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Proceeds from sale of OREO and repossessed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,404	4,360	-	8,622	14,493	22,832	16,571	21,549	41,372	31,673	42,166	40,229	54,839	56,021	64,920	72,212	210,516	107
Other investing activities
11,641	3,470	11,459	12,352	12,598	-13,364	144	3,467	12,937	622	6,223	4,103	4,624	-40,700	3,692	7,095	8,790	-1,068	13,607	3,781	7,700	-29,221	0	-1,655	6,952	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-579,463	-82,956	-93,777	-289,266	-609,497	-1,104,414	-363,217	-497,431	-76,469	-667,845	-409,960	-1,099,579	-275,192	-503,071	-1,068,721	-1,345,337	-909,102	-1,370,889	-972,788	-1,599,341	-665,674	-1,514,324	-715,780	-971,313	-606,390	-937,284	-672,387	-701,675	-295,638	500,991	120,802	-236,729	-184,064	-393,118	-17,436	174,545	131
Cash flows from financing activities:
Net increase in deposits
606,180	438,163	34,028	243,117	205,060	1,168,933	127,340	-61,698	361,169	655,235	445,404	853,476	433,474	654,581	604,256	717,719	575,833	1,040,609	651,204	985,455	749,487	677,851	797,179	912,956	591,354	684,329	817,196	285,506	207,373	80,272	231,319	141,251	285,490	416,913	125,464	-334,145	-259
Net increase in federal funds purchased
100,000	75,000	-76,000	76,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to Federal Home Loan Bank advances
1,746,000	550,000	1,506,000	1,175,000	1,281,000	800,000	1,646,000	1,000,000	1,201,000	995,000	1,101,000	1,595,000	1,225,000	665,000	995,000	1,270,000	1,095,000	-2,450,000	2,400,000	2,185,000	1,045,000	160,000	684,838	790,162	1,125,000	200,000	535,000	595,000	1,295,000	1,142,969	455,000	785,000	230,000	0	0	0	0
Repayments of Federal Home Loan Bank advances
1,086,000	1,000,000	1,906,000	870,000	1,051,000	950,000	1,771,000	325,000	1,576,000	1,095,000	1,180,000	1,420,000	1,690,000	645,000	720,000	585,000	845,000	-2,374,750	2,050,000	1,735,100	1,070,000	-566,308	790,514	565,419	1,075,375	147,838	365,631	414,601	1,201,930	1,448,219	460,388	785,000	230,000	286	0	0	0
Settlement of FDIC warrant liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50,000	0	-24,975	-25
Issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	98,520	99
Increase (decrease) in short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-41,960	31,382	10,993	-	-1,881	1,673	-0
Increase in advances from borrowers for taxes and insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,631	5,403	8,169	-	-8,745	-14,202	-7
Dividends paid
20,775	20,525	20,621	21,264	21,673	22,394	22,915	22,941	23,055	23,045	23,034	23,039	22,510	22,482	22,482	22,480	22,380	22,355	22,338	22,320	21,968	21,966	21,959	21,958	21,833	21,795	21,727	21,703	0	39,154	17,466	17,513	14,888	13,889	13,916	27,984	14
Realized tax benefits from dividend equivalents and equity based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	443	-235	-	503	365	615	1,631	830	400	-66	-	-	-	-	-	-	-	-
Realized tax benefits (deficiency) from dividend equivalents and equity based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	443	393	118	-	-	-	-
Proceeds from Stock Options Exercised
-	-	-	-	-	-	-	-	-	576	0	0	61,519	569	0	166	56	2,485	11	196	32,955	12	0	0	914	3,167	4,599	1,249	890	698	2,136	641	122	55	256	13	0
Repurchase of common stock
100,972	4,030	7,935	102,091	39,974	149,972	95,601	5,767	48,632	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities
23,535	-50,491	25,257	-7,391	6,943	-67,936	30,908	543	29,061	-50,406	28,608	-10,444	23,405	-44,460	30,922	-7,122	25,838	-34,956	21,632	-2,079	19,276	-28,858	14,791	4,071	14,767	-30,836	11,114	6,776	7,554	-	-	-	-	-	-	-	-
Net cash provided by financing activities
1,067,968	-156,066	-293,271	341,371	380,356	786,358	89,732	585,137	-56,457	482,360	371,978	994,993	30,888	608,208	887,696	1,373,283	829,347	1,302,785	1,000,301	1,411,595	754,515	1,351,864	684,838	1,120,177	635,442	688,658	981,381	452,627	308,821	-287,059	177,715	161,557	290,004	377,218	118,901	-272,494	-191
Net (decrease) increase in cash and cash equivalents
552,025	-15,555	-212,605	201,382	-140,622	102,274	-99,457	179,506	5,168	-98,019	64,241	-11,057	-208,896	186,359	-97,720	113,863	-21,689	-8,781	111,421	-139,628	116,971	-160,627	-31,006	115,989	10,412	-272,930	312,127	-247,627	-34,174	148,710	182,499	-147,917	8,319	-81,344	41,327	-220,904	-110
Supplemental Cash Flow Information [Abstract]
Interest paid
111,191	127,165	133,130	136,909	121,652	118,281	98,141	97,473	73,906	77,789	61,723	61,884	46,152	54,127	43,269	51,017	38,112	41,337	32,854	29,546	27,226	32,719	26,108	24,024	22,535	28,312	21,844	19,621	23,958	32,702	35,562	37,002	37,895	39,499	40,707	84,710	43
Income taxes (refunded) paid, net
4,891	493	4,086	-10,454	6,104	-309,298	2,354	585	18,092	22,911	5,022	11,700	29,598	8,296	7,231	1,243	-306	10,097	90	19,509	-350	36,934	22,298	49,021	21,734	43,004	-2,053	17,650	39,030	29,896	115,225	39,744	73,095	49,598	3,795	26,830	0
Supplemental schedule of non-cash investing and financing activities:
Transfers from loans to other real estate owned and other repossessed assets
4,096	0	394	2,817	0	-	-	-	-	-	-	-	-	5,366	-1,462	6,337	6,804	3,885	7,565	3,837	2,254	5,022	6,231	6,157	9,154	8,122	18,321	16,848	24,793	28,248	35,701	43,171	44,182	62,650	62,381	187,815	111
Transfers from loans to loans held for sale
164,293	96,702	97,215	272,751	69,559	54,181	32,228	22,094	0	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Disbursement of loan proceeds from escrow
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	52,500	0	0	0	0	-	-	-	-	-	-	-	-
Dividends declared, not paid
21,927	251	-97	-643	21,264	-721	-522	-24	22,940	10	11	-6	23,040	28	0	2	22,480	25	17	17	22,321	2	8	-1	21,959	37	70	23	21,703	-	74	-130	17,542	299	232	14,384	14
Reclassification of PIU liability to equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	44,919	44
Rescission of surrender of bank owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	20,825	20
Unsettled securities trades
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Conversion of Series A preferred stock to common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Exchange of common stock for Series A preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	54	-	0	0	0
Equity consideration issued in business combination
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	39,861	-	-	-	-
Unsettled purchases of investment securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	65,948	0	-	-	-51,297	51,297	-	-	-	-	-	171	112,488	71
Acquisition of assets under capital lease
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	9,035	0	1,820	0	0	-	-	-	-	-	-	-	-
Obligation incurred in acquisition of limited partnership
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	12,750	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncash or Part Noncash Acquisition, Investments Acquired
43,692	-	66,935	-28,604	50,000	-	-125,997	224,740	47,760	-	107,500	-55,500	55,500	-	-	-	5,855	-	-	-49,751	75,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-