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    Banks - Regional
First Merchants Corporation

First Merchants Corporation

FRME
First Merchants CorporationUS flagNASDAQ Global Select
38.90
USD
-1.25
- -
2.45BMarket 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
192
217
210
249
257
292
348
415
443
492
520
628
651
627
663
+ Sales & Services Revenue
192
217
210
249
257
292
348
415
443
492
520
628
651
627
663
- Cost of Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cost of Goods & Services
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Gross Profit
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Operating Income
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Operating Expenses
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Selling, General & Admin
82
85
91
104
109
109
126
139
151
168
179
225
251
244
246
+ Research & Development
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Operating Expense
-82
-85
-91
-104
-109
-109
-126
-139
-151
-168
-179
-225
-251
-244
-246
Operating Income (Loss)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Non-Operating (Income) Loss
-34
-61
-60
-82
-91
-109
-134
-188
-194
-170
-241
-256
-259
-232
-259
+ Interest Expense, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Interest Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Interest Income
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Non-Op (Income) Loss
-34
-61
-60
-82
-91
-109
-134
-188
-194
-170
-241
-256
-259
-232
-259
Pretax Income
34
61
60
82
91
109
134
188
194
170
241
256
259
232
259
- Income Tax Expense (Benefit)
9
16
16
22
26
28
38
29
29
21
35
34
35
30
33
- (Income) Loss from Affiliates
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Income (Loss) from Cont Ops
25
45
45
60
65
81
96
159
164
149
206
222
224
201
226
- Net Extraordinary Losses (Gains)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Discontinued Operations
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Extraord. & Accounting Changes
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Income (Loss) Incl. MI
25
45
45
60
65
81
96
159
164
149
206
222
224
201
226
- Minority Interest
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
25
45
45
60
65
81
96
159
164
149
206
222
224
201
226
- Preferred Dividends
4
5
2
- -
- -
- -
- -
- -
- -
- -
- -
1
2
2
2
- Other Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income Avail to Common, GAAP
21
41
42
60
65
81
96
159
164
149
206
221
222
200
224
EBIT
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
EBITDA
5
4
5
6
6
7
8
9
9
11
11
12
12
27
29
EBITDA Margin (%)
2.68
2.06
2.22
2.41
2.44
2.46
2.29
2.13
2.12
2.24
2.06
1.88
1.8
4.28
4.44
EBITA
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Gross Margin (%)
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
13.12
20.83
21.18
24.18
25.47
27.79
27.58
38.32
37.1
30.2
39.52
35.36
34.38
32.14
34.09
Sales per Employee
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.18
0.26
0.27
0.3
0.41
0.55
0.71
0.85
1
1.05
1.14
1.29
1.38
1.43
1.48
Depreciation Expense
5
4
5
6
6
7
8
9
9
11
11
12
12
27
29
Basic Weighted Avg Shares
27
29
30
36
38
41
45
49
51
54
54
58
59
58
57
Basic EPS, GAAP
0.8
1.42
1.42
1.66
1.73
1.99
2.13
3.23
3.2
2.75
3.82
3.83
3.74
3.42
3.9
Basic EPS from Cont Ops
0.95
1.58
1.5
1.66
1.73
1.99
2.13
3.23
3.2
2.75
3.82
3.85
3.77
3.45
3.93
Diluted Weighted Avg Shares
27
29
30
37
38
41
45
49
52
54
54
58
59
59
58
Diluted EPS, GAAP
0.8
1.41
1.4
1.65
1.72
1.98
2.12
3.22
3.19
2.74
3.81
3.81
3.73
3.41
3.88
Diluted EPS from Cont Ops
0.95
1.56
1.48
1.65
1.72
1.98
2.12
3.22
3.19
2.74
3.81
3.83
3.76
3.44
3.92

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
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash, Cash Equivalents & STI
645
653
701
716
793
849
1,190
1,318
2,085
2,504
2,986
2,225
2,176
825
707
+ Cash & Cash Equivalents
126
140
165
166
134
152
190
176
295
585
641
249
549
387
280
+ ST Investments
518
513
536
550
658
697
1,000
1,142
1,790
1,919
2,345
1,977
1,627
439
427
+ Accounts & Notes Receiv
21
19
20
21
25
27
40
41
49
54
57
85
98
92
93
+ Accounts Receivable, Net
18
16
19
20
24
26
37
41
49
54
57
85
98
92
93
+ Notes Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Loans Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Receivable, Net
4
3
2
1
1
- -
3
- -
- -
- -
- -
- -
- -
- -
- -
+ Inventories
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Raw Materials
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Work In Process
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Finished Goods
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inventory Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Inventory
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other ST Assets
-666
-672
-721
-737
-818
-876
-1,230
-1,359
-2,134
-2,558
-3,043
-2,310
-2,274
-917
-800
+ Misc ST Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Prepaid Expenses
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Assets Held-for-Sale
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Noncurrent Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Property, Plant & Equip, Net
51
53
74
78
98
94
96
93
113
111
106
117
134
130
121
+ Property, Plant & Equip
116
120
165
175
207
205
229
234
312
317
313
345
360
364
347
- Accumulated Depreciation
65
67
91
98
109
111
133
140
199
205
207
228
226
234
226
+ LT Investments & Receivables
946
874
1,096
1,181
1,277
1,305
1,561
1,633
2,596
3,147
4,524
4,264
3,811
3,461
3,379
+ LT Investments
946
874
1,096
1,181
1,277
1,305
1,561
1,633
2,596
3,147
4,524
4,264
3,811
3,461
3,379
+ LT Receivables
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other LT Assets
-997
-927
-1,170
-1,258
-1,375
-1,399
-1,656
-1,726
-2,709
-3,258
-4,630
-4,381
-3,945
-3,590
-3,500
+ Total Intangible Assets
150
150
203
219
260
259
477
470
579
573
571
748
739
732
726
+ Goodwill
141
141
189
203
243
244
445
445
544
544
545
712
712
712
712
+ Other Intangible Assets
9
8
14
16
17
15
31
24
35
29
25
36
27
20
14
+ LT Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Assets
-1,148
-1,077
-1,373
-1,477
-1,634
-1,658
-2,133
-2,196
-3,288
-3,831
-5,201
-5,129
-4,684
-4,322
-4,226
Total Assets
4,173
4,305
5,437
5,824
6,761
7,212
9,367
9,885
12,457
14,067
15,453
18,002
18,406
18,312
19,025
+ Payables & Accruals
3
2
2
3
3
3
4
6
7
3
3
8
19
16
18
+ Accounts Payable
3
2
2
3
3
3
4
6
7
3
3
8
19
16
18
+ Accrued Taxes
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Interest & Dividends Payable
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Payables & Accruals
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Borrowings
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other ST Liabilities
-3
-2
-2
-3
-3
-3
-4
-6
-7
-3
-3
-8
-19
-16
-18
+ Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc ST Liabilities
-3
-2
-2
-3
-3
-3
-4
-6
-7
-3
-3
-8
-19
-16
-18
Total Current Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Debt
333
206
249
272
363
427
554
453
490
508
453
975
871
916
856
+ LT Borrowings
333
206
249
272
363
427
554
453
490
508
453
975
871
916
856
+ LT Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other LT Liabilities
-333
-206
-249
-272
-363
-427
-554
-453
-490
-508
-453
-975
-871
-916
-856
+ Accrued Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Pension Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Liabilities
-333
-206
-249
-272
-363
-427
-554
-453
-490
-508
-453
-975
-871
-916
-856
Total Noncurrent Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Liabilities
3,659
3,753
4,802
5,097
5,910
6,310
8,064
8,476
10,671
12,192
13,541
15,967
16,158
16,007
16,558
+ Preferred Equity and Hybrid Capital
91
91
- -
- -
- -
- -
- -
- -
- -
- -
- -
25
25
25
25
+ Share Capital & APIC
258
260
398
436
510
514
841
846
1,062
1,012
992
1,236
1,244
1,196
1,158
+ Common Stock
4
4
4
5
5
5
6
6
7
7
7
7
7
7
7
+ Additional Paid in Capital
255
257
394
431
505
509
835
840
1,055
1,005
986
1,229
1,237
1,189
1,151
- Treasury Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Retained Earnings
169
206
243
292
342
401
465
583
697
789
865
1,013
1,155
1,273
1,414
+ Other Equity
-4
-5
-6
-2
-1
-14
-3
-21
28
75
55
-239
-176
-189
-130
Equity Before Minority Interest
514
552
635
727
851
902
1,303
1,408
1,786
1,876
1,913
2,035
2,248
2,305
2,467
+ Minority/Non Controlling Interest
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
514
552
635
727
851
902
1,303
1,408
1,786
1,876
1,913
2,035
2,248
2,305
2,467
Total Liabilities & Equity
4,173
4,305
5,437
5,824
6,761
7,212
9,367
9,885
12,457
14,067
15,453
18,002
18,406
18,312
19,025
Shares Outstanding
29
29
36
38
41
41
49
49
55
54
53
59
59
58
57
Number of Employees
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Capital Leases - Total
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Debt
207
66
84
106
229
275
364
277
194
-77
-189
726
323
530
576
Net Debt to Equity
40.22
12.04
13.3
14.58
26.93
30.5
27.91
19.69
10.88
-4.13
-9.86
35.7
14.36
22.98
23.34
Tangible Common Equity Ratio
6.79
7.5
8.25
9.06
9.08
9.24
9.3
9.97
10.16
9.65
9.01
7.31
8.4
8.81
9.38
Current Ratio
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash Conversion Cycle
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

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
25
45
45
60
65
81
96
159
164
149
206
222
224
201
226
+ Depreciation & Amortization
5
4
5
6
6
7
8
9
9
11
11
12
12
27
29
+ Non-Cash Items
55
20
25
9
-9
21
33
19
11
58
8
73
28
41
34
+ Stock-Based Compensation
1
1
2
2
2
3
3
4
4
5
5
5
5
6
7
+ Deferred Income Taxes
8
16
2
15
4
9
16
4
5
-10
7
9
7
2
2
+ Asset Impairment Charge
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Non-Cash Adj
45
3
21
-8
-16
10
15
12
2
63
-4
59
16
33
25
+ Chg in Non-Cash Work Cap
- -
- -
109
1
-6
-5
-11
-7
-8
-14
-9
-22
-4
-3
-6
+ (Inc) Dec in Accts Receiv
1
2
109
-1
-3
-2
-7
-4
-5
-5
-3
-21
-13
6
-2
+ (Inc) Dec in Inventories
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ (Inc) Dec in Prepaid Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inc (Dec) in Accts Payable
-1
-1
- -
1
- -
- -
- -
1
1
-3
-1
4
11
-3
2
+ Inc (Dec) in Other
- -
- -
- -
- -
-3
-4
-4
-4
-5
-5
-5
-5
-3
-6
-7
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Operating Activities
85
70
183
76
57
104
127
180
177
204
215
284
259
266
284
+ Change in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp of Fixed Prod Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Fixed Prod Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash (Repurchase) of Equity
21
- -
- -
-1
-1
-1
- -
-1
-18
-54
-24
2
2
-54
-45
+ Increase in Capital Stock
21
- -
- -
1
1
1
1
1
2
2
2
2
2
2
2
+ Decrease in Capital Stock
- -
- -
- -
-1
-2
-2
-1
-2
-19
-56
-25
- -
- -
-56
-47
+ Net Change in LT Investment
-101
89
-213
10
-42
-32
-272
-102
-698
-485
-1,402
208
499
271
97
+ Dec in LT Investment
182
233
197
264
245
360
237
299
402
827
688
963
549
396
165
+ Inc in LT Investment
-283
-144
-410
-254
-287
-392
-509
-401
-1,100
-1,312
-2,090
-755
-50
-124
-68
+ Net Cash From Acq & Div
- -
29
11
-10
7
- -
55
- -
10
- -
-3
138
- -
-244
- -
+ Cash from Divestitures
- -
29
11
- -
15
- -
55
- -
10
- -
- -
138
- -
- -
- -
+ Cash for Acq of Subs
- -
- -
- -
-10
-8
- -
- -
- -
- -
- -
-3
- -
- -
-244
- -
+ Cash for JVs
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Investing Activities
73
-106
63
-126
-306
-417
-418
-473
-318
-1,067
-72
-809
-844
-280
-871
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Investing Activities
-28
12
-138
-126
-340
-449
-635
-576
-1,006
-1,552
-1,477
-463
-344
-252
-774
+ Dividends Paid
-5
-7
-8
-11
-16
-22
-32
-42
-51
-57
-61
-74
-82
-83
-85
+ Net Cash From Debt
54
-133
132
-111
121
125
64
-162
-44
-48
-51
486
-285
129
-158
+ Cash From Debt
307
138
296
678
492
1,108
1,088
1,516
599
574
46
1,818
834
639
854
+ Repayments of Debt
-253
-271
-164
-790
-371
-982
-1,024
-1,678
-643
-622
-96
-1,333
-1,119
-510
-1,012
+ Other Financing Activities
-113
86
-161
182
163
269
504
584
980
1,522
1,372
-280
441
-31
774
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Financing Activities
-42
-54
-37
59
267
371
536
380
868
1,364
1,236
134
76
-39
487
Effect of Foreign Exchange Rates
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Changes in Cash
15
28
8
9
-16
26
27
-16
38
16
-26
-45
-10
-25
-3
EBITDA
5
4
5
6
6
7
8
9
9
11
11
12
12
27
29
EBITDA Margin (%)
2.68
2.06
2.22
2.41
2.44
2.46
2.29
2.13
2.12
2.24
2.06
1.88
1.8
4.28
4.44
Free Cash Flow
85
70
183
76
57
104
127
180
177
204
215
284
259
266
284
Net Cash Paid for Acquisitions
- -
-29
-11
10
-7
- -
-55
- -
-10
- -
3
-138
- -
244
- -
Free Cash Flow to Firm
85
70
183
76
57
104
127
180
177
204
215
284
259
266
284
Free Cash Flow to Equity
158
-67
222
-35
178
229
191
18
133
156
165
793
-28
394
124
Free Cash Flow per Basic Share
3.22
2.46
6.17
2.09
1.5
2.55
2.8
3.66
3.44
3.77
4
4.93
4.36
4.56
4.94
Price/Free Cash Flow
2.64
6.09
3.72
10.97
17.09
14.89
15.1
9.41
12.13
9.95
10.5
8.38
8.52
8.77
7.63
Cash Flow to Net Income
3.39
1.56
4.11
1.26
0.87
1.28
1.32
1.13
1.07
1.37
1.05
1.28
1.16
1.32
1.26
Capital Expenditures
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -