1. United States of America Stocks

  2. •

    Consumer Cyclical

  3. •

    Residential Construction
Beazer Homes USA, Inc.

Beazer Homes USA, Inc.

BZH
Beazer Homes USA, Inc.US flagNew York Stock Exchange
26.49
USD
+0.63
- -
724.07MMarket Cap

Income Statement (USD)

APIChat
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
Sales/Revenue/Turnover
742
1,006
1,288
1,464
1,627
1,822
1,916
2,107
2,088
2,127
2,140
2,317
2,207
2,330
2,372
+ Sales & Services Revenue
742
1,006
1,288
1,464
1,627
1,822
1,916
2,107
2,088
2,127
2,140
2,317
2,207
2,330
2,372
- Cost of Revenue
694
901
1,073
1,200
1,355
1,525
1,603
1,762
1,922
1,779
1,736
1,779
1,764
1,906
2,034
+ Cost of Goods & Services
694
901
1,073
1,200
1,355
1,525
1,603
1,762
1,922
1,779
1,736
1,779
1,764
1,906
2,034
Gross Profit
48
105
214
263
272
297
313
345
166
348
404
538
443
424
338
+ Other Operating Income
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Operating Expenses
180
167
187
208
221
238
251
263
256
269
257
265
265
281
301
+ Selling, General & Admin
137
110
121
136
142
154
162
169
161
170
163
177
180
186
205
+ Research & Development
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Operating Expense
43
57
66
71
78
84
89
95
95
98
94
88
86
95
96
Operating Income (Loss)
-132
-62
27
56
52
59
62
82
-90
79
147
272
177
143
37
- Non-Operating (Income) Loss
65
114
63
63
30
38
27
32
27
8
3
-1
-5
-16
-4
+ Interest Expense, Net
73
71
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Interest Expense
73
71
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Interest Income
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Non-Op (Income) Loss
-9
42
63
63
30
38
27
32
27
8
3
-1
-5
-16
-4
Pretax Income
-197
-176
-36
-7
22
22
35
49
-117
71
144
274
183
159
41
- Income Tax Expense (Benefit)
3
-40
-3
-42
-325
16
3
94
-37
18
22
53
24
19
-5
- (Income) Loss from Affiliates
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Income (Loss) from Cont Ops
-200
-136
-32
35
347
5
32
-45
-79
53
122
221
159
140
46
- Net Extraordinary Losses (Gains)
5
10
2
1
3
1
- -
- -
- -
1
- -
- -
- -
- -
- -
+ Discontinued Operations
-5
-10
-2
-1
-3
-1
- -
- -
- -
-1
- -
- -
- -
- -
- -
+ Extraord. & Accounting Changes
9
19
3
1
5
1
- -
1
- -
2
- -
- -
- -
- -
- -
Income (Loss) Incl. MI
-205
-145
-34
34
344
5
32
-45
-80
52
122
221
159
140
46
- Minority Interest
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
-205
-145
-34
34
344
5
32
-45
-80
52
122
221
159
140
46
- Preferred Dividends
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Other Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income Avail to Common, GAAP
-205
-145
-34
34
344
5
32
-45
-80
52
122
221
159
140
46
EBIT
-132
-62
27
56
52
59
62
82
-90
79
147
272
177
143
37
EBITDA
-122
-49
40
69
65
73
76
95
-75
95
161
286
189
158
56
EBITDA Margin (%)
-16.37
-4.82
3.11
4.71
3.99
4.01
3.97
4.53
-3.6
4.45
7.52
12.34
8.58
6.78
2.35
EBITA
-132
-62
27
56
52
59
62
82
-90
79
147
272
177
143
37
Gross Margin (%)
6.48
10.45
16.63
18
16.74
16.31
16.33
16.37
7.95
16.34
18.89
23.2
20.06
18.21
14.23
Operating Margin (%)
-17.81
-6.17
2.12
3.8
3.17
3.26
3.24
3.87
-4.31
3.72
6.86
11.76
8.03
6.14
1.54
Profit Margin (%)
-27.59
-14.45
-2.63
2.35
21.14
0.26
1.66
-2.15
-3.81
2.46
5.7
9.53
7.19
6.02
1.92
Sales per Employee
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
11
14
13
13
13
14
14
14
15
16
14
13
12
15
19
Basic Weighted Avg Shares
15
18
25
26
28
32
32
32
31
30
30
30
30
31
30
Basic EPS, GAAP
-13.84
-7.87
-1.37
1.33
12.45
0.15
1
-1.41
-2.6
1.76
4.07
7.25
5.23
4.59
1.53
Basic EPS from Cont Ops
-13.53
-7.34
-1.3
1.35
12.55
0.16
1
-1.4
-2.59
1.79
4.08
7.25
5.23
4.59
1.53
Diluted Weighted Avg Shares
15
18
25
32
32
32
32
32
31
30
30
31
31
31
30
Diluted EPS, GAAP
-13.84
-7.87
-1.37
1.08
10.83
0.15
0.98
-1.41
-2.6
1.74
4.01
7.17
5.16
4.53
1.52
Diluted EPS from Cont Ops
-13.53
-7.34
-1.3
1.1
10.91
0.16
0.99
-1.4
-2.59
1.78
4.01
7.17
5.16
4.53
1.52

Balance Sheet (USD)

APIChat
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
Total Current Assets
1,885
1,884
1,892
1,983
2,041
1,866
1,884
1,870
1,658
1,722
1,811
2,035
2,188
2,349
2,326
+ Cash, Cash Equivalents & STI
370
488
504
324
252
229
292
140
107
328
247
215
346
204
215
+ Cash & Cash Equivalents
370
488
504
324
252
229
292
140
107
328
247
215
346
204
215
+ ST Investments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Accounts & Notes Receiv
33
31
25
34
53
54
36
25
31
29
36
45
46
65
78
+ Accounts Receivable, Net
28
25
22
34
52
53
36
25
26
20
26
36
46
65
78
+ Notes Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Loans Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Receivable, Net
5
6
3
- -
- -
- -
- -
- -
5
9
10
10
- -
- -
- -
+ Inventories
1,204
1,112
1,314
1,561
1,698
1,569
1,543
1,692
1,504
1,351
1,502
1,738
1,756
2,041
2,029
+ Raw Materials
398
377
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Work In Process
701
643
841
1,069
1,187
1,120
1,205
1,385
1,246
- -
- -
- -
- -
- -
- -
+ Finished Goods
1,146
1,061
1,252
1,470
1,574
1,431
1,404
1,548
1,368
1,231
1,395
1,629
1,644
1,916
1,898
+ Inventory Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Inventory
-1,041
-969
-779
-977
-1,064
-982
-1,066
-1,240
-1,109
120
107
109
113
124
132
+ Other ST Assets
277
253
49
63
39
14
12
13
16
15
27
37
41
39
4
+ Misc ST Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Prepaid Expenses
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Assets Held-for-Sale
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Noncurrent Assets
93
99
94
83
368
347
337
258
299
285
267
217
223
243
284
+ Property, Plant & Equip, Net
34
19
17
19
22
19
18
21
27
35
35
34
49
57
83
+ Property, Plant & Equip
90
74
62
59
59
59
58
55
53
63
67
72
85
101
130
- Accumulated Depreciation
56
55
45
41
36
40
40
34
26
27
32
38
36
44
47
+ LT Investments & Receivables
9
42
45
38
14
10
4
4
4
4
4
1
- -
- -
- -
+ LT Investments
9
42
45
38
14
10
4
4
4
4
4
1
- -
- -
- -
+ LT Receivables
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other LT Assets
49
38
32
26
332
317
316
233
268
246
228
181
174
186
201
+ Total Intangible Assets
- -
- -
- -
- -
- -
- -
- -
10
11
11
11
11
11
11
11
+ Goodwill
- -
- -
- -
- -
- -
- -
- -
10
11
11
11
11
11
11
11
+ Other Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Assets
49
38
32
26
332
317
316
223
257
234
216
170
163
174
189
Total Assets
1,977
1,982
1,987
2,066
2,409
2,213
2,221
2,128
1,958
2,007
2,079
2,252
2,411
2,592
2,610
+ Payables & Accruals
185
160
175
200
213
197
174
202
161
175
177
177
187
199
177
+ Accounts Payable
73
69
84
106
114
104
103
126
131
132
133
144
154
164
143
+ Accrued Taxes
55
22
20
6
2
2
1
1
1
1
- -
- -
- -
2
- -
+ Interest & Dividends Payable
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Payables & Accruals
57
69
71
88
97
91
70
75
30
42
44
33
33
33
33
+ ST Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Borrowings
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other ST Liabilities
6
9
11
12
14
12
12
15
12
19
29
34
41
31
28
+ Deferred Revenue
6
9
11
12
14
12
12
15
12
19
29
34
28
19
14
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc ST Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
13
13
14
Total Current Liabilities
191
169
186
212
226
209
186
217
173
194
206
211
228
231
204
+ LT Debt
1,489
1,498
1,512
1,535
1,516
1,332
1,327
1,231
1,178
1,146
1,068
995
997
1,045
1,057
+ LT Borrowings
1,489
1,498
1,512
1,535
1,516
1,332
1,327
1,231
1,178
1,131
1,054
983
978
1,025
1,029
+ LT Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
- -
15
14
11
19
20
28
+ Other LT Liabilities
99
53
48
39
36
29
25
36
68
75
80
107
84
83
99
+ Accrued Liabilities
- -
9
11
12
14
12
12
15
12
- -
- -
- -
- -
- -
- -
+ Pension Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Liabilities
99
44
37
28
22
17
14
21
56
75
80
107
84
83
99
Total Noncurrent Liabilities
1,588
1,551
1,560
1,575
1,553
1,361
1,353
1,267
1,246
1,221
1,148
1,102
1,081
1,129
1,156
Total Liabilities
1,779
1,720
1,746
1,787
1,779
1,570
1,539
1,484
1,419
1,414
1,354
1,313
1,308
1,359
1,361
+ Preferred Equity and Hybrid Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Share Capital & APIC
625
834
846
852
858
865
873
880
854
856
866
860
865
854
825
+ Common Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Additional Paid in Capital
625
834
846
852
858
865
873
880
854
856
866
860
865
854
825
- Treasury Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Retained Earnings
-426
-572
-606
-571
-227
-222
-191
-236
-316
-263
-141
79
238
378
424
+ Other Equity
- -
- -
- -
-1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Equity Before Minority Interest
198
262
241
279
630
643
682
644
539
593
725
939
1,103
1,232
1,249
+ Minority/Non Controlling Interest
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
198
262
241
279
630
643
682
644
539
593
725
939
1,103
1,232
1,249
Total Liabilities & Equity
1,977
1,982
1,987
2,066
2,409
2,213
2,221
2,128
1,958
2,007
2,079
2,252
2,411
2,592
2,610
Shares Outstanding
15
25
25
27
33
33
34
34
31
31
31
31
31
31
30
Number of Employees
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Capital Leases - Total
- -
- -
- -
- -
- -
- -
- -
- -
- -
15
14
11
19
20
28
Net Debt
1,118
1,010
1,008
1,211
1,265
1,103
1,035
1,091
1,072
803
807
769
632
821
814
Net Debt to Equity
563.78
385.29
418.92
433.97
200.62
171.58
151.7
169.47
198.9
135.39
111.37
81.85
57.35
66.67
65.21
Tangible Common Equity Ratio
10.03
13.23
12.11
13.51
26.17
29.05
30.73
29.94
27.1
29.15
34.51
41.41
45.48
47.31
47.63
Current Ratio
9.87
11.14
10.17
9.35
9.02
8.91
10.14
8.62
9.59
8.9
8.79
9.66
9.61
10.17
11.38
Cash Conversion Cycle
614.75
446.8
397.1
420.28
421.78
373.1
338.71
318.38
280.91
267.22
278.04
312
337.71
345.71
348.45

Cash Flow Statement (USD)

APIChat
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
+ Net Income
-205
-145
-34
34
344
5
32
-45
-80
52
122
221
159
140
46
+ Depreciation & Amortization
11
14
13
13
13
14
14
14
15
16
14
13
12
15
19
+ Non-Cash Items
56
21
10
-5
-316
42
26
139
147
30
36
64
34
20
6
+ Stock-Based Compensation
7
4
3
3
6
8
8
10
11
10
12
8
7
7
7
+ Deferred Income Taxes
5
-39
- -
-13
-326
16
1
94
-37
18
22
53
24
19
-5
+ Asset Impairment Charge
41
13
3
8
3
15
5
7
149
3
1
3
1
2
13
+ Other Non-Cash Adj
3
43
5
-4
1
3
12
28
25
- -
2
-1
2
-9
-9
+ Chg in Non-Cash Work Cap
-41
90
-163
-203
-123
102
33
-52
32
191
-140
-217
-26
-312
-39
+ (Inc) Dec in Accts Receiv
7
8
6
-9
-18
- -
17
12
-2
7
-5
-10
- -
-20
-13
+ (Inc) Dec in Inventories
-54
93
-186
-230
-122
129
42
-96
43
155
-148
-231
-15
-282
3
+ (Inc) Dec in Prepaid Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inc (Dec) in Accts Payable
19
-3
15
22
7
-9
-1
17
5
1
1
10
11
10
-21
+ Inc (Dec) in Other
-13
-8
2
14
10
-18
-25
14
-14
28
11
14
-22
-21
-8
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Operating Activities
-179
-21
-175
-160
-81
163
105
55
114
289
32
81
178
-138
32
+ Change in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp in Fixed & Intang
- -
- -
- -
- -
- -
3
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp of Fixed Prod Assets
- -
- -
- -
- -
- -
3
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Fixed Prod Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash (Repurchase) of Equity
- -
60
- -
- -
- -
- -
- -
- -
-35
-3
- -
-8
- -
-13
-33
+ Increase in Capital Stock
- -
60
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Decrease in Capital Stock
- -
- -
- -
- -
- -
- -
- -
- -
-35
-3
- -
-8
- -
-13
-33
+ Net Change in LT Investment
-2
-2
1
- -
24
- -
- -
- -
- -
- -
- -
- -
-10
-8
9
+ Dec in LT Investment
- -
- -
1
- -
24
- -
- -
- -
- -
- -
- -
- -
- -
- -
10
+ Inc in LT Investment
-2
-2
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-10
-8
-1
+ Net Cash From Acq & Div
-2
-2
-3
-4
19
-3
-2
-57
-4
- -
- -
- -
- -
- -
- -
+ Cash from Divestitures
- -
1
1
2
24
1
2
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash for Acq of Subs
-2
-2
-4
-5
-5
-4
-3
-58
-4
- -
- -
- -
- -
- -
- -
+ Cash for JVs
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Investing Activities
-256
9
193
-29
-40
-12
-12
-17
-21
-11
-15
-15
-20
-22
-29
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Investing Activities
-260
5
190
-32
3
-13
-14
-74
-25
-10
-14
-15
-30
-30
-20
+ Dividends Paid
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Net Cash From Debt
278
13
7
17
-19
-186
-24
-122
-77
-51
-82
-74
-9
48
- -
+ Cash From Debt
494
324
397
325
75
732
275
625
925
390
- -
195
- -
530
450
+ Repayments of Debt
-215
-310
-390
-308
-94
-918
-299
-747
-1,002
-441
-82
-269
-9
-482
-450
+ Other Financing Activities
-6
60
-6
-5
- -
-11
-5
-10
-8
-5
-3
-7
-5
-11
-3
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Financing Activities
273
134
1
12
-19
-198
-30
-132
-119
-59
-86
-89
-14
24
-36
Effect of Foreign Exchange Rates
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Changes in Cash
-167
117
17
-180
-97
-47
61
-151
-30
220
-68
-22
134
-144
-24
EBITDA
-122
-49
40
69
65
73
76
95
-75
95
161
286
189
158
56
EBITDA Margin (%)
-16.37
-4.82
3.11
4.71
3.99
4.01
3.97
4.53
-3.6
4.45
7.52
12.34
8.58
6.78
2.35
Free Cash Flow
-179
-21
-175
-160
-81
163
105
55
114
289
32
81
178
-138
32
Net Cash Paid for Acquisitions
2
2
3
4
-19
3
2
57
4
- -
- -
- -
- -
- -
- -
Free Cash Flow to Firm
- -
- -
- -
- -
- -
163
105
55
- -
289
32
81
178
-138
- -
Free Cash Flow to Equity
99
-8
-167
-143
-100
-20
81
-67
37
238
-50
8
170
-89
32
Free Cash Flow per Basic Share
-12.09
-1.13
-7.08
-6.22
-2.93
5.13
3.28
1.71
3.71
9.73
1.06
2.66
5.87
-4.5
1.07
Price/Free Cash Flow
-0.62
-15.73
-2.54
-3.32
-5.23
2.27
5.79
6.15
4.01
1.37
16.59
3.67
4.3
-7.69
23.04
Cash Flow to Net Income
0.87
0.14
5.16
-4.67
-0.24
34.74
3.3
-1.21
-1.43
5.54
0.26
0.37
1.12
-0.98
0.7
Capital Expenditures
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -