Dycom Industries, Inc.

DYDycom Industries, Inc. US flag

New York Stock Exchange

434.15

USD

+10.92

- -

13.04BMarket Cap

Income Statement (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	07/31/2011	07/31/2012	07/31/2013	07/31/2014	07/31/2015	07/31/2016	07/31/2017	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Sales/Revenue/Turnover	1,036	1,201	1,609	1,812	2,022	2,673	3,067	3,128	3,340	3,199	3,131	3,808	4,176	4,702	5,546
+ Sales & Services Revenue	1,036	1,201	1,609	1,812	2,022	2,673	3,067	3,128	3,340	3,199	3,131	3,808	4,176	4,702	5,546
- Cost of Revenue	837	969	1,300	1,475	1,593	2,084	2,405	2,562	2,780	2,642	2,634	3,160	3,362	3,770	4,406
+ Cost of Goods & Services	837	969	1,300	1,475	1,593	2,084	2,405	2,562	2,780	2,642	2,634	3,160	3,362	3,770	4,406
Gross Profit	199	232	308	337	429	589	662	565	560	557	497	648	814	932	1,140
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	157	167	231	255	275	342	387	449	442	436	415	438	491	592	715
+ Selling, General & Admin	95	104	146	162	179	217	239	269	255	260	262	293	328	393	445
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	63	63	85	93	96	125	148	180	188	176	153	144	163	199	270
Operating Income (Loss)	42	65	77	82	154	247	275	117	118	122	82	211	323	341	425
- Non-Operating (Income) Loss	13	1	19	16	19	41	25	29	39	62	29	30	31	33	57
+ Interest Expense, Net	16	17	23	27	27	35	37	44	51	30	33	41	53	61	67
+ Interest Expense	16	17	23	27	27	35	37	44	51	30	33	41	53	61	67
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-3	-16	-5	-11	-8	6	-13	-16	-12	33	-4	-10	-22	-28	-9
Pretax Income	28	65	58	66	136	206	250	88	79	59	53	180	292	308	368
- Income Tax Expense (Benefit)	12	25	23	26	51	78	93	25	21	25	4	38	73	74	87
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	16	39	35	40	84	129	157	63	57	34	49	142	219	233	281
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	16	39	35	40	84	129	157	63	57	34	49	142	219	233	281
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	16	39	35	40	84	129	157	63	57	34	49	142	219	233	281
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	16	39	35	40	84	129	157	63	57	34	49	142	219	233	281
EBIT	42	65	77	82	154	247	275	117	118	122	82	211	323	341	425
EBITDA	104	128	162	175	250	372	423	296	305	297	234	355	486	539	695
EBITDA Margin (%)	10.05	10.67	10.1	9.64	12.38	13.91	13.79	9.47	9.14	9.3	7.48	9.31	11.64	11.47	12.53
EBITA	42	65	77	82	154	247	275	117	118	122	82	211	323	341	425
Gross Margin (%)	19.19	19.33	19.16	18.58	21.22	22.04	21.59	18.07	16.77	17.42	15.86	17.02	19.49	19.82	20.56
Operating Margin (%)	4.02	5.45	4.78	4.52	7.63	9.24	8.97	3.73	3.53	3.8	2.61	5.53	7.74	7.24	7.66
Profit Margin (%)	1.55	3.28	2.19	2.21	4.17	4.82	5.13	2.01	1.71	1.07	1.55	3.73	5.24	4.96	5.07
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	63	63	85	93	96	125	148	180	188	176	153	144	163	199	270
Basic Weighted Avg Shares	35	34	33	34	34	32	31	31	31	32	30	30	29	29	29
Basic EPS, GAAP	0.46	1.17	1.07	1.18	2.48	3.98	5.01	2.01	1.82	1.08	1.6	4.81	7.46	8.02	9.68
Basic EPS from Cont Ops	0.46	1.17	1.07	1.18	2.48	3.98	5.01	2.01	1.82	1.08	1.6	4.81	7.46	8.02	9.68
Diluted Weighted Avg Shares	36	34	34	35	35	33	32	32	32	32	31	30	30	29	29
Diluted EPS, GAAP	0.45	1.14	1.04	1.15	2.41	3.89	4.92	1.97	1.8	1.07	1.57	4.74	7.37	7.92	9.56
Diluted EPS from Cont Ops	0.45	1.14	1.04	1.15	2.41	3.89	4.92	1.97	1.8	1.07	1.57	4.74	7.37	7.92	9.56

Balance Sheet (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	07/31/2011	07/31/2012	07/31/2013	07/31/2014	07/31/2015	07/31/2016	07/31/2017	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Total Current Assets	330	377	541	606	697	851	939	1,096	1,258	1,169	1,356	1,493	1,550	1,695	2,757
+ Cash, Cash Equivalents & STI	45	53	19	21	21	34	39	128	55	12	311	224	101	93	709
+ Cash & Cash Equivalents	45	53	19	21	21	34	39	128	55	12	311	224	101	93	709
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	238	274	457	503	590	706	769	845	1,074	1,057	934	1,115	1,299	1,441	1,879
+ Accounts Receivable, Net	229	142	252	274	316	330	371	343	368	367	351	400	512	573	819
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	9	132	204	230	274	376	399	502	705	689	583	715	787	868	1,060
+ Inventories	21	26	36	49	49	74	83	94	98	71	81	115	109	127	128
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	21	26	36	49	49	74	83	94	98	71	81	115	109	127	128
+ Other ST Assets	27	24	30	33	37	38	47	29	32	29	30	38	42	33	40
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	394	395	613	607	657	868	961	1,001	959	776	762	821	967	1,251	3,222
+ Property, Plant & Equip, Net	149	158	203	205	232	327	422	425	446	337	356	435	521	654	745
+ Property, Plant & Equip	424	436	522	559	624	781	935	1,073	1,205	1,180	1,303	1,456	1,553	1,697	1,858
- Accumulated Depreciation	275	278	319	353	393	455	513	649	759	843	947	1,021	1,032	1,043	1,112
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	245	237	410	401	426	542	539	576	513	438	406	385	446	597	2,477
+ Total Intangible Assets	231	225	393	385	393	508	505	487	466	392	374	359	421	550	2,369
+ Goodwill	175	175	268	269	272	310	322	326	326	272	272	273	312	330	1,443
+ Other Intangible Assets	56	50	125	116	121	198	184	161	140	119	102	87	109	220	926
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	14	12	17	16	33	34	33	89	47	47	32	26	25	47	108
Total Assets	725	772	1,154	1,212	1,354	1,720	1,899	2,098	2,218	1,944	2,118	2,313	2,517	2,945	5,979
+ Payables & Accruals	118	73	151	141	162	233	228	222	214	274	268	334	334	374	643
+ Accounts Payable	40	37	78	63	72	115	133	119	120	159	156	208	222	223	497
+ Accrued Taxes	- -	- -	2	5	9	15	1	1	- -	6	- -	15	4	31	1
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	78	37	71	72	81	102	94	102	95	108	112	111	108	120	145
+ ST Debt	- -	- -	8	11	4	13	22	6	49	106	42	45	50	46	46
+ ST Borrowings	- -	- -	8	11	4	13	22	6	22	82	18	18	18	10	4
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	27	25	25	28	32	36	42
+ Other ST Liabilities	- -	41	41	45	61	77	68	57	59	68	71	91	123	168	317
+ Deferred Revenue	- -	2	14	14	17	20	9	15	16	14	19	20	39	74	159
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	40	27	31	44	57	59	42	43	54	53	71	84	94	159
Total Current Liabilities	119	115	200	197	227	323	319	285	323	448	382	470	506	587	1,007
+ LT Debt	188	188	444	447	517	706	738	868	888	540	860	847	836	1,010	2,946
+ LT Borrowings	188	188	444	447	517	706	738	868	844	502	823	807	791	933	2,810
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	44	38	37	40	44	77	135
+ Other LT Liabilities	67	77	82	84	103	134	171	141	138	144	118	128	120	109	167
+ Accrued Liabilities	40	50	49	45	47	77	104	66	76	48	56	60	50	32	85
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	27	28	33	39	56	57	67	75	62	97	62	68	71	77	82
Total Noncurrent Liabilities	254	265	526	531	620	840	909	1,008	1,026	684	978	975	956	1,119	3,113
Total Liabilities	373	379	726	727	847	1,162	1,228	1,293	1,349	1,133	1,360	1,444	1,462	1,706	4,120
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	124	126	126	143	82	21	20	33	41	12	12	15	16	19	392
+ Common Stock	11	11	11	11	11	10	10	10	11	10	10	10	10	10	10
+ Additional Paid in Capital	113	115	115	132	71	10	10	22	30	2	2	6	6	9	382
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	227	267	302	342	426	538	652	772	830	801	748	855	1,040	1,220	1,467
+ Other Equity	- -	- -	- -	- -	-1	-1	-1	-1	-2	-2	-2	-2	-2	- -	- -
Equity Before Minority Interest	352	393	428	485	507	557	672	804	869	811	759	869	1,055	1,239	1,859
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	352	393	428	485	507	557	672	804	869	811	759	869	1,055	1,239	1,859
Total Liabilities & Equity	725	772	1,154	1,212	1,354	1,720	1,899	2,098	2,218	1,944	2,118	2,313	2,517	2,945	5,979
Shares Outstanding	33	34	33	34	33	31	31	31	32	31	30	29	29	29	30
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	70	63	61	67	76	113	178
Net Debt	143	135	433	437	499	686	721	745	812	572	530	601	708	851	2,105
Net Debt to Equity	40.65	34.36	101.17	90.14	98.45	123.01	107.4	92.62	93.52	70.44	69.87	69.14	67.11	68.64	113.24
Tangible Common Equity Ratio	24.46	30.74	4.63	12.06	11.92	4.06	11.93	19.7	23	27.02	22.03	26.08	30.24	28.77	-14.14
Current Ratio	2.79	3.29	2.71	3.08	3.07	2.64	2.95	3.85	3.9	2.61	3.55	3.18	3.06	2.89	2.74
Cash Conversion Cycle	65.13	50.85	37.5	46.18	48.95	38.61	34.79	36.37	35.84	34.22	30.7	26.56	28.61	32.06	26.57

Cash Flow Statement (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	07/31/2011	07/31/2012	07/31/2013	07/31/2014	07/31/2015	07/31/2016	07/31/2017	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

+ Net Income	16	39	35	40	84	129	157	63	57	34	49	142	219	233	281
+ Depreciation & Amortization	63	63	85	93	96	125	148	180	188	176	153	144	163	199	270
+ Non-Cash Items	13	1	4	-5	2	56	37	49	52	58	53	43	25	32	128
+ Stock-Based Compensation	4	7	10	13	14	17	21	20	10	13	10	18	25	40	34
+ Deferred Income Taxes	15	10	-2	-6	1	27	18	9	9	-28	8	5	-11	-17	53
+ Asset Impairment Charge	2	- -	- -	1	- -	1	- -	- -	- -	53	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	-9	-16	-4	-12	-14	11	-2	20	33	20	35	21	10	9	40
+ Chg in Non-Cash Work Cap	-47	-38	-18	-43	-40	-34	-86	-167	-239	113	54	-165	-148	-115	-36
+ (Inc) Dec in Accts Receiv	-45	-39	-9	-42	-81	-68	-61	-181	-232	12	136	-174	-142	-118	-1
+ (Inc) Dec in Inventories	-5	-6	-1	-13	-1	-14	-13	-16	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	7	2	-14	6	37	31	- -	44	-41	57	-55	39	-18	-38	182
+ Inc (Dec) in Other	-4	6	6	6	5	17	-11	-15	34	44	-27	-31	12	41	-216
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	44	65	107	84	142	276	256	124	58	382	309	165	259	349	643
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	12	25	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	12	25	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-65	-13	-15	-10	-87	-170	-63	- -	- -	-100	-106	-49	-50	-66	-30
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-65	-13	-15	-10	-87	-170	-63	- -	- -	-100	-106	-49	-50	-66	-30
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	-36	- -	-330	-17	-32	-157	-26	-21	- -	- -	- -	- -	-123	-184	-1,629
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-36	- -	-330	-17	-32	-157	-26	-21	- -	- -	- -	- -	-123	-184	-1,629
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-61	-77	-59	-74	-98	-175	-183	-140	-101	-45	-152	-184	-183	-211	-207
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-85	-52	-389	-91	-130	-333	-209	-161	-101	-45	-152	-184	-306	-395	-1,836
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	51	- -	436	12	136	395	43	184	-11	-206	265	-18	-18	135	1,890
+ Cash From Debt	188	- -	1,153	1,004	1,072	3,105	1,414	846	951	2,143	595	- -	763	987	3,569
+ Repayments of Debt	-137	- -	-717	-992	-935	-2,710	-1,371	-662	-961	-2,349	-330	-18	-780	-852	-1,679
+ Other Financing Activities	-3	8	-172	7	-60	-155	-22	-103	-20	-77	-17	-1	-9	-32	-50
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-17	-5	248	9	-11	70	-42	81	-31	-383	142	-67	-76	38	1,810
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-59	8	-34	2	1	13	5	44	-74	-46	299	-87	-123	-8	616
EBITDA	104	128	162	175	250	372	423	296	305	297	234	355	486	539	695
EBITDA Margin (%)	10.05	10.67	10.1	9.64	12.38	13.91	13.79	9.47	9.14	9.3	7.48	9.31	11.64	11.47	12.53
Free Cash Flow	44	65	107	84	142	276	256	124	58	382	309	165	259	349	643
Net Cash Paid for Acquisitions	36	- -	330	17	32	157	26	21	- -	- -	- -	- -	123	184	1,629
Free Cash Flow to Firm	53	75	121	100	159	297	280	156	95	399	339	197	298	395	693
Free Cash Flow to Equity	107	90	542	97	278	671	299	308	47	176	574	147	241	484	2,533
Free Cash Flow per Basic Share	1.24	1.94	3.23	2.49	4.17	8.53	8.18	3.98	1.84	12.06	10.17	5.58	8.83	11.99	22.11
Price/Free Cash Flow	13.89	9.22	8.38	11.63	16.31	11.3	11.3	14.92	22.18	6.82	8.42	17.36	12.81	15.97	16.69
Cash Flow to Net Income	2.72	1.65	3.03	2.11	1.68	2.14	1.63	1.98	1.01	11.12	6.35	1.16	1.18	1.5	2.28
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -