NATURAL RESOURCE PARTNERS LP NRP Income Statement

Natural resource partners lp (NRP)

Income statement / 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	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues
40,214	51,827	57,602	81,223	66,785	63,935	58,207	69,451	59,478	-	93,116	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Aggregates related revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,655	3,563	3,396	-	3,789	2,899	2,956	1,537	1,643	1,702	1,716	1,610	2,099	1,831	1,194	1,383	1,606	350	891	1,700	1,347
Oil and gas related revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,601	17,822	10,058	-	3,886	4,093	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Coal royalties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	67,681	70,259	62,878	59,916	67,638	74,976	71,242	65,365	56,626	60,142	57,832	47,161	49,307	46,380
Equity in earnings of unconsolidated investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,685	9,401	9,779	-	7,238	7,882	7,048	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Processing fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,394	1,641	3,138	2,126	3,246	3,967	3,173	3,089	2,924	2,343	2,693	1,644	1,508	2,400
Transportation fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,152	5,007	5,246	4,108	4,080	4,765	3,745	4,098	3,461	4,285	4,043	2,775	3,049	3,489
Oil and gas revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,763	2,448	1,246	4,078	1,388	3,970	5,059	1,996	2,992	3,521	1,013	2,087	1,099	1,203	953
Property taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,520	3,378	3,967	-	4,009	3,849	3,947	3,852	3,602	3,331	4,488	3,077	2,974	3,577	3,012	2,285	3,552	2,782	2,651	3,311	2,514
Minimums recognized as revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,208	1,096	938	11,714	3,692	2,429	2,520	507	3,625	3,782	3,418	3,374	775	67
Override royalties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,529	3,359	3,497	5,142	3,857	4,131	3,492	3,043	2,509	2,625	3,157	2,967	2,077	1,336
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	955	1,036	736	-	1,311	674	775	6,635	6,322	5,856	1,274	1,965	2,764	4,956	1,552	1,209	1,404	3,225	957	1,032	1,001
Revenues and other income
-	-	-	-	-	-	-	-	-	-	-	91,570	88,653	-	91,448	119,317	73,901	92,710	112,199	120,228	107,611	87,053	91,609	90,561	80,309	94,744	82,237	86,804	94,332	102,436	94,175	90,664	91,872	93,135	103,164	96,532	84,852	77,543	80,752	79,587	63,519	63,962	59,487
Revenue from Related Parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,518	21,090	18,727	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on asset sales and disposals
0	-58	6,100	200	256	1,590	0	200	651	-76	171	3,361	44	1,788	6,426	-1,071	21,925	-454	1,833	3,455	2,066	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues and other income
40,214	51,716	63,709	81,469	67,041	90,557	58,207	69,619	60,129	-30,590	93,287	94,931	88,697	-32,702	97,874	118,246	95,826	92,256	114,032	123,683	109,677	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating expenses
Operating and maintenance expenses
5,202	5,925	5,994	12,459	8,360	8,387	6,790	8,117	6,215	-68,206	32,441	31,020	29,628	-67,087	31,242	29,797	26,785	24,995	37,746	36,781	37,421	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating and maintenance expenses—affiliates
-	-	-	-	-	-	-	-	-	-	2,154	2,219	2,555	-795	4,062	2,402	3,484	7,024	1,744	3,479	3,076	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation, depletion and amortization
2,012	3,186	3,384	3,970	4,392	6,325	4,888	5,376	5,100	-2,781	8,306	8,165	9,724	-3,600	11,929	10,472	9,780	-1,095	15,666	18,170	24,554	8,968	18,621	16,350	14,647	14,352	17,852	17,411	14,762	16,155	14,485	15,172	12,409	13,542	19,819	17,435	14,322	12,930	16,195	16,485	11,368	12,952	21,996
Amortization expense—affiliate
-	-	-	-	-	-	-	-	-	-	0	240	768	857	902	704	722	1,105	771	907	838	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Coal related expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,383	663	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Coal related expensesaffiliates, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Aggregates related expenses, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-244	-504	577	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Aggregates related expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	73	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Oil and gas related expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,147	2,291	1,921	-	483	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative expenses
3,913	3,931	4,253	4,196	4,350	5,714	3,183	3,263	4,336	7,745	2,648	2,031	6,078	6,303	4,268	3,173	3,235	1,022	1,809	1,918	2,287	-6,257	4,825	6,029	2,690	-16,317	7,305	8,878	11,586	5,510	8,225	7,029	8,950	7,397	5,521	6,439	10,196	7,790	8,761	6,794	6,548	4,586	5,834
General and administrative—affiliates
-	-	-	-	-	-	-	-	-	-	1,207	852	1,124	921	867	866	937	1,503	2,424	301	1,084	-5,919	3,083	3,000	3,094	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property, franchise and other taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,767	6,201	4,868	-	4,234	4,225	4,351	4,038	4,853	3,771	5,016	3,568	3,915	3,306	3,697	3,295	4,580	3,498	3,734	4,273	3,151
Asset impairments
-	-	484	0	-	18,038	0	0	242	1,189	0	0	1,778	8,180	5,697	91	1,893	19,039	361,703	3,803	0	-	0	5,624	-	0	0	443	291	-	-	-	-	-	90,932	-	-	-	-	-	-	-	-
Transportation costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	455	328	459	498	446	527	473	502	540	523	468	428	614	557	265	403	473
Coal royalty and override payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	284	187	355	461	523	673	200	322	233	159	308	247	258	301	692	353	372
Total operating expenses
11,127	160,772	14,115	20,625	17,102	38,464	14,861	16,756	15,893	-73,172	46,756	44,527	51,655	-55,221	58,967	47,505	46,836	53,593	421,863	65,359	69,260	70,168	36,582	40,158	27,870	27,992	30,613	31,472	31,804	29,230	28,532	27,172	27,048	95,735	120,960	27,862	28,991	24,690	30,408	27,635	22,607	22,567	31,826
Income from operations
29,087	-109,056	49,594	60,844	49,939	52,093	43,346	52,863	44,236	42,582	46,531	50,404	37,042	22,519	38,907	70,741	48,990	38,663	-307,831	58,324	40,417	18,271	55,027	50,403	52,439	66,752	51,624	55,332	62,528	73,206	65,643	63,492	64,824	-2,600	-17,796	68,670	55,861	52,853	50,344	51,952	40,912	41,395	27,661
Other expenses, net
Interest expense, net
10,308	10,392	10,431	12,456	14,174	17,001	17,493	17,734	17,950	18,547	20,032	20,308	23,141	23,267	22,491	22,054	22,196	21,053	22,441	21,474	22,943	21,385	18,862	19,037	19,860	19,777	15,516	14,440	14,663	13,157	13,677	13,578	13,560	13,385	12,779	12,429	10,587	10,356	10,204	10,346	10,729	10,762	10,675
Interest expense—affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	61	462	-	464	462	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains (Losses) on Restructuring of Debt
-	-	-	-	-	-	-	-	-	0	0	-132	-7,807	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-	-	0	-29,282	-	-	0	0	-	-	0	-4,107	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Expenses
-	-	10,431	41,738	-	-	17,493	17,734	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Warrant issuance expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value adjustments for warrant liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	17	-	3	7	19	2	0	1	15	21	8	41	26	6	18	173	41	58	35	24	45	29	16	16	8	10	13	4	8	18	96
Interest Revenue (Expense), Net
-	-	-	-	-	-	-	-	-	-	-20,032	-24,547	-30,931	-23,296	-22,488	-22,108	-22,639	-21,976	-22,905	-21,935	-22,928	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income from continuing operations
18,779	-119,448	39,163	19,106	35,765	35,092	25,853	35,129	26,286	24,018	26,499	25,857	6,111	-777	16,419	48,633	26,351	-	-330,736	36,389	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations
0	750	7	245	-46	13,966	2,688	2,981	-1,948	6,689	-433	133	-207	4,265	7,112	-2,187	-2,924	-	-269,265	-3,811	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-18,854	-18,996	-19,834	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
18,779	-118,698	39,170	19,351	35,719	49,058	28,541	38,110	24,338	-	26,066	25,990	-	-	-	-	-	-	-600,001	32,578	-	-	36,173	31,407	32,605	-	36,126	41,065	47,906	60,107	52,001	49,938	51,309	-15,956	-30,559	56,257	45,282	42,507	40,153	41,610	30,191	30,651	17,082
Net income attributable to non-controlling interest
-	-	0	0	-	-	-359	869	-	-	0	0	-	-	-	-	-	-	-1,244	1,244	-	-	0	-	0	-	0	-	0	-	0	0	0	947	0	51	0	-	-	-	0	0	0
Net Income (Loss) Attributable to Parent
-	-	39,170	19,351	-	49,058	28,900	37,241	24,338	30,707	26,066	25,990	5,904	3,488	23,531	46,446	23,427	-21,786	-598,757	31,334	17,489	8,645	36,173	31,407	32,605	46,981	36,126	41,065	47,906	60,107	52,001	49,938	51,309	-16,903	-30,559	56,206	45,282	42,507	40,153	41,610	30,191	30,651	17,082
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest, Allocated to Preferred Unit Holders
7,500	7,500	7,500	7,500	7,500	7,500	7,500	7,500	7,500	7,812	7,650	7,538	2,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to common unitholders and general partner
11,279	-126,198	31,670	11,851	28,219	41,558	21,400	29,741	16,838	22,942	18,416	18,452	3,404	3,488	23,531	46,446	23,427	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) from continuing operations attributable to limited partners
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-322,133	34,442	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) from discontinued operations, attributable to limited partners
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-263,880	-3,735	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Holders of incentive distribution rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-51,932	0	12,983	12,983	4,977	12,180
Net income attributable to common unitholders
11,053	-123,674	31,036	11,614	27,655	40,727	20,972	29,146	16,501	22,485	18,046	18,015	3,404	-	-	-	-	-21,325	-586,013	30,707	17,139	133,935	35,450	-30,779	-31,953	46,041	35,403	40,244	46,948	58,905	50,961	48,939	50,283	-16,565	-29,948	55,082	44,376	41,657	39,350	28,054	16,864	25,161	4,804
Net income (loss) from continuing operations attributable to the general partner
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,359	703	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) from discontinued operations attributable to the general partner
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,385	-76	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to the general partner
226	-2,524	634	237	564	831	428	595	337	457	370	437	0	-	-	-	-	-461	-12,744	627	350	174	723	628	652	5,944	-723	-821	-958	-1,202	-1,040	-999	-1,026	-3,722	611	1,124	906	-4,290	803	573	344	513	98
Income from continuing operations per common unit
Basic (in dollars per share)
0.90	-10.15	2.53	0.93	2.26	2.21	1.50	2.14	1.50	1.30	1.51	1.46	0.30	-0.06	1.32	3.90	2.12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in dollars per share)
0.52	-8.69	1.66	0.85	1.75	1.99	1.18	1.57	1.16	1.17	1.08	1.13	0.30	-0.06	1.32	3.90	2.12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income per common unit
Basic (in dollars per share)
0.90	-10.09	2.53	0.95	2.26	3.33	1.71	2.38	1.35	1.83	1.48	1.47	0.28	0.28	1.89	3.73	1.88	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in dollars per share)
0.52	-8.63	1.66	0.87	1.75	2.67	1.30	1.71	1.08	1.48	1.07	1.13	0.28	0.28	1.89	3.73	1.88	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) per common unit from continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-26.34	2.82	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) per common unit from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-21.57	-0.31	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic and diluted net income (loss) per common unit (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-47.91	2.51	1.40	8.53	0.32	0.28	0.29	14.27	0.32	0.37	0.43	-	0.48	-	-	-	-	-	-	-	-	-	-	-	-
Basic and diluted net income per limited partner unit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.46	0.47	-	-0.28	0.52	0.42	0.41	0.51	0.38	0.24	0.36	0.07
Weighted average number of common units outstanding (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,232	12,232	12,230	-286,191	111,244	110,403	109,848	-284,679	109,812	109,812	108,887	106,028	106,028	106,028	106,028	106,028	106,028	106,028	106,028	106,293	77,896	74,028	69,451	69,451	66,946
Net income (loss)
18,779	-118,698	39,170	19,351	35,719	49,058	28,541	38,110	24,338	-	26,066	25,990	-	-	-	-	-	-	-	-	-	-	36,173	31,407	32,605	-	36,126	41,065	47,906	60,107	52,001	49,938	51,309	-15,956	-30,559	56,257	45,282	42,507	40,153	41,610	30,191	30,651	17,082
Net income
-	-	39,170	19,351	-	49,058	28,900	37,241	24,338	30,707	26,066	25,990	5,904	-	23,531	46,446	-	-	-	-	-	8,645	36,173	31,407	32,605	46,981	36,126	41,065	47,906	60,107	52,001	49,938	51,309	-16,903	-30,559	56,206	45,282	42,507	40,153	41,610	30,191	30,651	17,082
Comprehensive income (loss) from unconsolidated investment and other
-1,023	1,208	-520	-825	1,005	619	791	-434	-1,125	-234	-268	-13	-1,132	1,178	-609	462	-545	198	-1,136	210	-965	-186	370	-164	-101	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: comprehensive loss attributable to non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,244	1,244	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest
17,756	-117,490	38,650	18,526	36,724	49,677	29,332	37,676	23,213	30,473	25,798	25,977	4,772	4,666	22,922	46,908	22,882	-21,588	-599,893	31,544	16,524	-	-	-	-	44,900	36,167	41,116	49,960	60,120	52,015	49,951	51,319	-16,888	-30,545	56,218	45,294	-	-	-	-	-	-
Comprehensive income attributable to non-controlling interest
-	-	0	0	-	-	-359	869	-	-	0	0	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income (loss) attributable to NRP
-	-	38,650	18,526	-	-	29,691	36,807	-	-	25,798	25,977	-	-	-	-	-	-	-	-	-	-	36,543	31,243	32,504	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Coal Royalty and Other
Revenues
31,433	37,032	39,919	64,616	49,502	43,966	42,518	47,920	44,474	70,532	43,507	32,768	34,994	-	-	-	-	-	-	-	-	73,934	39,675	34,271	33,646	6,571	62,004	67,407	77,843	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenue from Related Parties
-	-	-	-	-	-	-	-	-	-	335	11,338	11,505	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Construction Aggregates
Revenues
-	-	-	-	-	-	-	-	-	-	29,553	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenues and other income
-	-	-	-	-	-	-	-	-	-	-	27,363	25,483	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Soda Ash
Revenues
6,272	10,256	13,818	11,333	11,682	13,320	8,836	16,529	9,621	12,781	8,993	8,389	10,294	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-