Hc2 holdings, inc. (HCHC)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenue

1,683,600

1,662,700

1,658,700

1,706,000

1,721,100

1,774,100

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenue

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Services revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

846,333

753,202

703,671

-

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

515,626

507,686

515,068

-

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Life, accident and health earned premiums, net

115,600

116,900

117,800

114,300

104,300

94,400

85,152

80,224

80,559

80,500

80,110

79,605

79,407

79,400

61,516

41,549

21,512

1,578

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net investment income

204,600

203,800

200,400

180,900

150,000

116,600

86,370

70,957

68,496

66,100

63,945

62,457

59,225

58,000

43,616

28,817

15,110

1,031

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized and unrealized gains (losses) on investments

-23,900

700

-8,800

-7,400

-3,400

-8,400

4,646

6,124

4,719

5,000

10,531

9,333

10,656

5,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized losses on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net revenue

1,979,900

1,984,100

1,968,100

1,993,800

1,972,000

1,976,700

1,910,371

1,815,380

1,697,232

1,634,100

1,629,608

1,636,283

1,616,924

1,558,100

1,464,670

1,329,053

1,250,742

1,120,806

984,466

890,288

705,892

547,438

375,428

253,216

215,251

230,686

413,444

352,367

293,746

302,959

113,730

188,038

263,033

411,983

554,454

674,739

0

0

0

Operating expenses
Policy benefits, changes in reserves, and commissions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenue

1,446,500

1,424,900

1,448,800

1,514,700

1,534,100

1,585,200

1,544,449

1,466,222

1,374,286

1,313,100

0

0

0

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

0

-

202,032

238,840

276,070

389,412

341,743

428,895

0

0

0

Cost of revenue - services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

793,989

706,212

657,608

-

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenue - sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

423,079

417,490

427,109

-

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Policy benefits, changes in reserves, and commissions

254,100

234,400

229,900

230,300

217,700

197,300

163,577

114,470

109,513

108,700

109,739

122,035

120,667

123,200

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling, general and administrative

219,700

214,300

211,700

208,200

213,200

218,400

215,981

210,437

195,044

182,800

172,326

163,872

157,159

152,900

137,222

129,130

120,612

108,527

115,881

110,527

97,547

80,239

48,099

30,936

32,117

34,692

35,505

33,269

26,825

45,202

-27,930

-4,745

16,360

42,299

161,251

181,863

0

0

0

Depreciation and amortization

32,300

32,000

23,300

20,900

22,300

31,700

33,612

35,308

33,603

31,300

28,926

26,991

25,942

24,500

25,958

26,264

25,496

24,796

22,244

16,898

11,764

6,719

13,505

12,585

12,241

12,032

-4,394

-4,394

-4,392

3,204

-18,726

-10,097

-707

6,636

46,603

56,167

0

0

0

(Gain) loss on sale or disposal of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

216

-887

-391

162

81

80

83

8

-469

-471

-472

-520

-62

-115

-114

-124

84

0

0

-

0

Lease termination costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset impairment expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Other operating income

4,400

5,600

500

1,300

-100

1,100

2,206

880

-658

700

-4,500

-3,792

-555

-5,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Total operating expenses

-

-

1,960,600

2,020,200

-

-

1,955,413

1,825,557

1,713,104

1,635,200

1,624,349

1,634,735

1,598,187

1,559,600

1,475,396

1,344,755

1,269,406

1,120,093

986,652

896,932

715,684

561,429

400,241

279,562

252,972

269,822

473,854

412,722

350,845

354,855

155,438

224,113

291,837

453,150

564,381

681,467

0

0

0

Income (loss) from operations

-23,300

29,100

53,900

20,000

-16,400

-55,800

-45,042

-10,177

-15,872

-1,100

5,259

1,548

18,737

-1,500

-10,726

-15,702

-18,664

713

-2,186

-6,644

-9,792

-13,991

-24,813

-26,346

-37,721

-39,136

-60,410

-60,355

-57,099

-51,896

-41,708

-36,075

-28,804

-41,167

-9,927

-6,728

0

0

0

Interest expense

97,600

95,100

87,500

81,000

75,200

75,700

69,690

65,412

60,285

55,100

51,196

48,693

47,189

43,400

41,423

41,087

40,643

39,017

38,439

30,159

21,046

12,347

3,119

1,021

0

-

0

0

-

-

-

-9,568

-1,706

94

32,719

33,876

0

0

0

ACCRETION ON DEBT DISCOUNT

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,381

576

0

-

0

0

-

-

-

-

0

-

204

194

0

0

0

Loss on early extinguishment or restructuring of debt

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

0

-

-

-

0

Gain on bargain purchase

-

-

0

0

-

-

0

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income, net

5,400

6,000

19,300

76,400

80,200

77,900

59,500

-4,497

-6,790

-12,800

-5,206

-9,693

-6,996

-2,800

-11,236

-5,459

-7,307

-6,820

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale and deconsolidation of subsidiary

-

-

0

0

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability

-

-

-

-

-

-

-

-

-

-

0

-

9,131

8,900

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE REORGANIZATION ITEMS AND INCOME TAXES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND INCOME (LOSS) FROM EQUITY INVESTEES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

-

0

-

-

-

-

0

0

-

-27,851

-36,838

0

0

0

Loss from equity investees

5,600

2,200

2,300

10,100

14,700

15,400

18,733

11,604

4,907

17,800

20,314

19,678

22,069

10,800

1,995

2,578

-2,387

-1,499

-820

0

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

ACCRETION ON DEBT DISCOUNT

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

GAIN FROM CONTINGENT VALUE RIGHTS VALUATION

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

14,904

15,139

17,178

0

-

0

0

-

-

-

-

-

-

-

INTEREST INCOME AND OTHER EXPENSE, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-226

0

0

0

-

-

-

-

-

-

-

-

-

-

Interest income and other expense, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

GAIN (LOSS) FROM CONTINGENT VALUE RIGHTS VALUATION

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

INTEREST INCOME AND OTHER INCOME (EXPENSE), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

0

0

0

GAIN (LOSS) FROM CONTINGENT VALUE RIGHTS VALUATION

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

INTEREST INCOME AND OTHER INCOME (EXPENSE), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

FOREIGN CURRENCY TRANSACTION GAIN (LOSS)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

217

66

-586

-588

-918

1,805

551

2,538

455

-7,653

-6,398

-4,301

12,474

8,217

0

0

0

(Loss) income from continuing operations before income taxes

-114,600

-56,700

-4,600

145,000

223,800

182,300

183,012

45,249

-66,409

-39,800

-35,213

-46,483

-22,510

-45,800

-59,817

-59,478

-69,001

-46,623

0

0

0

-

-

0

-

-

-

0

0

-

0

-

-

-

-

-

-

-

-

Income tax benefit (expense)

-37,200

-20,600

6,700

-3,500

4,700

2,400

-3,567

18,494

7,109

10,700

71,416

57,221

59,430

51,600

-12,699

-9,861

-7,407

-10,882

-31,162

-28,359

-28,883

-22,869

2,101

-5,506

-7,553

-7,442

-5,486

-2,049

-1,915

-3,132

1,218

1,047

790

1,066

-4,118

-5,967

0

0

0

(Loss) income from continuing operations

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-35,741

-9,745

-20,804

-12,995

-11,686

-40,090

-21,998

-16,201

-17,612

-28,019

-28,063

-38,974

-44,853

-34,648

-38,410

-39,504

-49,018

-23,733

-30,871

0

0

0

Less: Loss from discontinued operations, net of tax

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-21

-128

-210

-172

-146

35

-21,349

-21,983

-19,621

89

-2,549

-23,758

-21,525

-24,576

-5,330

19,319

15,069

-7,151

-3,797

0

0

0

Gain (loss) from sale of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,529

149,911

0

-

0

0

-

-

-

0

-

-

-

-

-

0

0

Net loss

-130,800

-36,100

-17,900

141,900

212,500

179,900

186,579

26,755

-73,518

-50,500

-106,629

-103,704

-81,940

-97,400

-47,095

-49,618

-61,606

-35,762

-11,687

-20,230

-12,383

-11,832

-30,967

122,856

0

-

0

0

-

27,869

40,104

55,895

-19,399

-33,269

-31,273

-34,864

0

0

0

Net loss attributable to noncontrolling interest and redeemable noncontrolling interest

-19,000

-4,600

-5,500

-6,300

18,300

17,900

21,205

20,848

-6,114

-3,600

-6,840

-5,324

-3,406

-2,900

-3,092

-2,186

-1,338

-197

1,099

1,965

2,820

2,559

1,990

1,059

0

-

0

0

-

-18

6,263

7,027

6,934

5,461

-746

-1,309

0

0

0

Net loss attributable to HC2 Holdings, Inc.

-111,800

-31,500

-12,400

148,200

194,200

162,000

165,374

5,907

-67,404

-46,900

-99,789

-98,380

-78,534

-94,500

-44,525

-47,954

-60,790

-35,565

-12,264

-21,673

-14,681

-14,391

-42,087

-31,396

109,871

111,606

118,364

100,032

31,533

27,887

33,841

48,868

-26,333

-38,730

-30,527

-33,555

0

0

0

Less: Preferred dividends, deemed dividends and repurchase gains

1,600

0

3,900

4,200

4,500

6,400

2,821

2,824

2,917

2,800

7,918

10,163

10,414

10,900

6,134

4,221

4,266

4,285

4,057

4,026

3,137

2,049

1,204

200

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to common stock and participating preferred stockholders

-113,400

-31,500

-16,300

144,000

189,700

155,600

162,553

3,083

-70,321

-49,700

-107,707

-108,543

-88,948

-105,400

0

0

0

-

-

-

-17,818

-16,440

-34,161

121,597

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Net Loss attributable to common stock and participating preferred stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME (LOSS) ATTRIBUTABLE TO HC2 HOLDINGS, INC.

-111,800

-31,500

-12,400

148,200

194,200

162,000

165,374

5,907

-67,404

-46,900

-42,932

-35,030

0

-

0

0

-

-

-

-

-

-

-

-

-

-

0

0

0

-

33,841

48,868

-26,333

-38,730

-30,527

-33,555

0

0

0

(Loss) income per share - continuing operations
Dividends declared per basic weighted average common shares outstanding (in USD per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1.02

-

-

-

-

-

-

-

Basic and diluted (in usd per share)

-

-

-

-

-

-

-

-

-0.81

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1.12

-1.20

Loss from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.56

-0.16

Gain (loss) from sale of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.04

0.02

Basic and diluted loss per share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.52

-1.34

Net (loss) income attributable to continuing operations - basic (in usd per share)

-0.85

-0.77

-0.16

0.19

0.08

-

3.09

1.11

-

-

-0.16

-0.44

-

-

-

-

-

-

-0.35

-0.47

-0.26

0.53

-0.82

-0.24

-0.29

-1.00

-0.06

0.21

-0.40

-1.75

-0.07

-0.58

-0.84

-0.95

-0.37

-0.69

-1.76

-

-

Net (loss) income attributable to continuing operations - diluted (in usd per share)

-0.85

-0.66

-0.16

0.12

0.04

-

2.97

1.08

-

-

-0.16

-0.44

-

-

-

-

-

-

-0.35

-0.47

-0.26

0.53

-0.82

-0.24

-0.29

-0.99

-0.06

0.20

-0.40

-1.75

-0.07

-0.58

-0.84

-0.95

-0.37

-0.69

-1.76

-

-

Loss per share - discontinued operations
Basic (in usd per share)

-0.97

-

-

-

-0.12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted (in usd per share)

-0.97

-

-

-

-0.09

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss per share - Net loss attributable to common stock and participating preferred stockholders
Gain (loss) from discontinued operations (in usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

-0.01

0.00

0.00

0.00

0.00

-1.53

-0.04

0.17

1.43

-1.74

-1.58

0.34

1.28

-0.36

0.21

0.03

-

-

Gain (loss) from sale of discontinued operations (in USD per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.03

0.00

-0.05

-

1.11

9.66

-

-

-

-

-

-

-

-

-

-

-

Gain (loss) from sale of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7.13

-

-

-

-

-

-

-

Basic (in usd per share)

-1.82

-

-

-

-0.03

-

-

-

-

-

-

-

-0.36

-

-0.20

0.02

-0.89

-

-0.35

-0.47

-0.26

0.54

-0.79

-0.24

-0.34

-1.17

-0.48

9.83

-0.23

-0.64

-1.81

4.97

-0.50

-0.04

-0.73

-0.48

-1.73

-

-

Gain (loss) from discontinued operations (in usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

-0.01

0.00

0.00

0.00

0.00

-1.53

-0.04

0.17

1.43

-1.74

-1.58

0.34

1.28

-0.36

0.21

0.03

-

-

Gain (loss) from sale of discontinued operations (in USD per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.03

0.00

-0.05

-

1.11

9.35

-

-

-

-

-

-

-

-

-

-

-

Gain (loss) from sale of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7.13

-

-

-

-

-

-

-

Diluted (in usd per share)

-1.82

-

-

-

-0.05

-

-

-

-

-

-

-

-0.36

-

-0.20

0.02

-0.89

-

-0.35

-0.47

-0.26

0.54

-0.79

-0.24

-0.34

-0.85

-0.48

9.51

-0.23

-0.64

-1.81

4.97

-0.50

-0.04

-0.73

-0.48

-1.73

-

-

Weighted average common shares outstanding:
Basic (in shares)

45,900

43,100

45,700

45,600

44,800

-

44,300

44,200

-

43,548

43,013

42,691

41,948

41,793

36,627

35,518

35,262

-

25,592

25,514

24,146

24,008

23,372

16,905

14,631

14,230

14,077

13,972

13,909

13,903

13,890

13,839

13,744

13,728

13,715

13,385

11,148

-

-

Diluted (in shares)

45,900

15,700

45,700

58,100

59,700

-

46,200

45,500

-

43,548

43,013

42,691

41,948

41,668

36,627

35,643

35,262

-

25,592

25,514

24,146

24,008

23,372

16,905

14,631

13,766

14,077

14,436

13,909

13,903

13,890

13,839

13,744

13,728

13,715

13,385

11,148

-

-

Basic and diluted (in shares)

-

-

-

-

-

-

-

-

44,300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic and Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,743

9,743

Income (loss) from continuing operations attributable to HC2 Holdings, Inc.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-39,414

-23,257

-16,201

-17,612

-28,019

-28,370

-39,098

-44,871

-30,025

-33,937

-35,304

-43,557

-22,987

-29,562

0

0

0

Income (loss) from discontinued operations

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35

-21,349

-21,983

-19,621

89

-2,549

-23,758

-21,525

-24,576

-5,330

19,319

15,069

-7,151

-3,797

0

0

0

Gain (loss) from sale of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,529

149,911

0

-

0

0

-

-

-

0

-

-

-

-

-

0

0

NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK AND PARTICIPATING PREFERRED STOCKHOLDERS

-113,400

-31,500

-16,300

144,000

189,700

155,600

162,553

3,083

-70,321

-49,700

-47,959

-40,398

0

-

0

0

-

-

-

-

-

-

-34,161

121,597

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-