Green Brick Partners, Inc.

Green Brick Partners, Inc.

GRBK
Green Brick Partners, Inc.US flagNew York Stock Exchange
72.19
USD
-0.85
- -
3.11BMarket Cap

Income Statement (USD)

MCPAPIChat
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
As of date
12/31/2011
12/31/2012
12/31/2013
12/31/2014
12/31/2015
12/31/2016
12/31/2017
12/31/2018
12/31/2019
12/31/2020
12/31/2021
12/31/2022
12/31/2023
12/31/2024
12/31/2025
Sales/Revenue/Turnover
653
- -
- -
246
291
391
458
624
792
976
1,403
1,758
1,749
2,061
2,040
+ Sales & Services Revenue
653
- -
- -
246
291
391
458
624
792
976
1,403
1,758
1,749
2,061
2,040
- Cost of Revenue
643
494
- -
188
229
303
340
469
623
741
1,041
1,235
1,201
1,358
1,399
+ Cost of Goods & Services
643
494
- -
188
229
303
340
469
623
741
1,041
1,235
1,201
1,358
1,399
Gross Profit
11
-31
- -
58
62
88
118
154
169
235
362
523
548
704
641
+ Other Operating Income
- -
-31
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Operating Expenses
11
6
10
21
27
37
58
80
98
112
134
164
193
227
231
+ Selling, General & Admin
7
4
8
23
30
39
58
80
98
112
134
164
193
227
231
+ Research & Development
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Operating Expense
4
2
2
-2
-3
-1
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Income (Loss)
- -
-6
-10
38
35
51
60
74
71
122
228
359
355
477
409
- Non-Operating (Income) Loss
10
- -
- -
1
- -
- -
-4
-8
-13
-20
-29
-37
-36
-35
-29
+ Interest Expense, Net
10
7
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Interest Expense
10
7
- -
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Interest Income
- -
- -
- -
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Non-Op (Income) Loss
- -
-7
- -
1
- -
- -
-4
-8
-13
-20
-29
-37
-36
-35
-29
Pretax Income
-10
-6
-10
36
35
51
64
82
84
143
257
396
391
512
438
- Income Tax Expense (Benefit)
- -
- -
- -
-25
9
15
39
17
20
25
53
82
85
95
95
- (Income) Loss from Affiliates
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Income (Loss) from Cont Ops
-10
-6
-10
61
26
35
25
65
64
118
204
314
307
417
344
- Net Extraordinary Losses (Gains)
-3
27
23
22
20
23
20
26
11
8
28
44
44
71
61
+ Discontinued Operations
- -
-40
-36
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Extraord. & Accounting Changes
-3
68
59
22
20
23
20
26
11
8
28
44
44
71
61
Income (Loss) Incl. MI
-7
-33
-33
39
5
12
5
39
53
110
176
270
263
346
283
- Minority Interest
2
6
6
-11
-10
-11
-10
-13
-6
-4
-14
-22
-22
-36
-30
Net Income, GAAP
-9
-40
-39
50
15
24
15
52
59
114
190
292
285
382
313
- Preferred Dividends
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
3
3
3
3
- Other Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income Avail to Common, GAAP
-9
-40
-39
50
15
24
15
52
59
114
190
289
282
379
310
EBIT
- -
-6
-10
38
35
51
60
74
71
122
228
359
355
477
409
EBITDA
29
22
16
38
36
51
60
77
74
126
231
361
359
482
415
EBITDA Margin (%)
4.51
- -
- -
15.4
12.32
13
13.17
12.36
9.4
12.92
16.43
20.56
20.51
23.37
20.32
EBITA
- -
-6
-10
38
35
51
60
74
71
122
228
359
355
477
409
Gross Margin (%)
1.62
- -
- -
23.66
21.38
22.45
25.85
24.73
21.36
24.04
25.81
29.75
31.34
34.13
31.41
Operating Margin (%)
-0.04
- -
- -
15.28
12.02
12.93
13.1
11.89
9.01
12.55
16.24
20.43
20.31
23.14
20.07
Profit Margin (%)
-1.33
- -
- -
20.33
5.26
6.08
3.27
8.28
7.41
11.65
13.56
16.61
16.27
18.51
15.35
Sales per Employee
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
0.89
0.19
0.2
0.22
0.21
- -
- -
- -
0.06
0.06
0.06
0.07
Depreciation Expense
30
28
25
- -
1
- -
- -
3
3
4
3
2
4
5
5
Basic Weighted Avg Shares
7
8
8
15
40
49
50
51
51
51
51
48
45
45
44
Basic EPS, GAAP
-1.27
-5.28
-5.06
3.4
0.38
0.49
0.3
1.02
1.16
2.25
3.75
6.07
6.2
8.51
7.09
Basic EPS from Cont Ops
-1.51
-0.81
-1.26
4.15
0.64
0.72
0.51
1.27
1.27
2.33
4.03
6.59
6.75
9.37
7.84
Diluted Weighted Avg Shares
7
8
8
15
40
49
50
51
51
51
51
48
46
45
44
Diluted EPS, GAAP
-1.27
-5.28
-5.06
3.4
0.38
0.49
0.3
1.02
1.16
2.24
3.72
6.02
6.14
8.45
7.07
Diluted EPS from Cont Ops
-1.51
-0.81
-1.26
4.15
0.64
0.72
0.51
1.27
1.27
2.32
4
6.54
6.68
9.3
7.82

Balance Sheet (USD)

MCPAPIChat
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
As of date
12/31/2011
12/31/2012
12/31/2013
12/31/2014
12/31/2015
12/31/2016
12/31/2017
12/31/2018
12/31/2019
12/31/2020
12/31/2021
12/31/2022
12/31/2023
12/31/2024
12/31/2025
Total Current Assets
57
12
15
308
389
470
556
732
811
906
1,330
1,545
1,760
2,125
2,392
+ Cash, Cash Equivalents & STI
15
9
13
24
21
35
37
38
33
19
77
77
180
142
155
+ Cash & Cash Equivalents
15
9
13
21
21
35
37
38
33
19
77
77
180
142
155
+ ST Investments
- -
- -
- -
3
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Accounts & Notes Receiv
14
9
- -
4
3
2
2
5
5
5
7
5
11
14
40
+ Accounts Receivable, Net
14
9
- -
1
3
2
2
5
5
5
7
5
11
14
40
+ Notes Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Loans Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Receivable, Net
- -
- -
- -
3
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inventories
26
13
- -
275
344
410
496
669
754
845
1,204
1,423
1,533
1,938
2,099
+ Raw Materials
17
8
- -
16
6
4
- -
400
- -
- -
- -
- -
- -
- -
- -
+ Work In Process
6
3
- -
193
236
269
390
669
- -
- -
- -
- -
- -
- -
- -
+ Finished Goods
4
2
- -
82
108
141
496
669
754
845
1,204
1,423
1,533
1,938
2,099
+ Inventory Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Inventory
- -
- -
- -
-16
-6
-4
-390
-1,068
- -
- -
- -
- -
- -
- -
- -
+ Other ST Assets
3
-19
3
6
20
23
22
20
19
36
42
41
36
32
99
+ Misc ST Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Prepaid Expenses
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Assets Held-for-Sale
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Noncurrent Assets
242
239
1
92
85
70
55
52
65
83
92
111
143
125
142
+ Property, Plant & Equip, Net
236
- -
- -
1
1
1
1
5
8
6
7
6
14
14
14
+ Property, Plant & Equip
325
1
1
1
1
2
2
9
14
14
16
15
22
23
27
- Accumulated Depreciation
89
1
1
- -
1
1
1
5
6
8
8
9
8
9
13
+ LT Investments & Receivables
- -
- -
- -
- -
- -
- -
17
20
30
46
56
74
85
61
93
+ LT Investments
- -
- -
- -
- -
- -
- -
17
20
30
46
56
74
85
61
93
+ LT Receivables
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other LT Assets
6
239
- -
91
84
70
37
27
27
31
29
30
44
51
35
+ Total Intangible Assets
- -
- -
- -
- -
- -
- -
- -
2
1
1
1
1
1
1
1
+ Goodwill
- -
- -
- -
- -
- -
- -
- -
1
1
1
1
1
1
1
1
+ Other Intangible Assets
- -
- -
- -
- -
- -
- -
- -
1
1
1
1
- -
- -
- -
- -
+ LT Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Assets
6
239
- -
91
84
70
37
25
25
29
27
29
43
50
35
Total Assets
300
250
16
400
474
541
611
784
876
989
1,422
1,656
1,903
2,250
2,535
+ Payables & Accruals
9
- -
- -
25
19
29
41
55
55
65
75
82
86
96
179
+ Accounts Payable
9
- -
- -
14
14
15
22
26
30
25
46
52
54
60
95
+ Accrued Taxes
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
4
5
15
60
+ Interest & Dividends Payable
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Payables & Accruals
- -
- -
- -
11
6
14
18
29
25
40
29
27
27
21
24
+ ST Debt
13
- -
- -
12
10
11
10
200
- -
107
-1
17
-2
23
96
+ ST Borrowings
13
- -
- -
12
10
11
10
200
- -
107
-1
17
-2
23
94
+ ST Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
2
+ Other ST Liabilities
2
- -
4
18
25
24
21
-200
- -
38
65
29
43
37
26
+ Deferred Revenue
- -
- -
- -
10
7
14
21
32
- -
38
65
29
43
37
26
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc ST Liabilities
2
- -
4
8
18
10
- -
-232
- -
- -
- -
- -
- -
- -
- -
Total Current Liabilities
24
- -
4
55
55
64
72
55
55
210
138
129
127
156
300
+ LT Debt
172
- -
- -
164
48
75
106
200
242
116
340
354
357
322
233
+ LT Borrowings
172
- -
- -
164
48
75
106
200
238
113
336
350
349
314
226
+ LT Finance Leases
5
4
- -
- -
- -
- -
- -
- -
4
3
5
4
8
8
7
+ Other LT Liabilities
3
195
- -
- -
- -
- -
- -
43
43
- -
32
61
64
74
69
+ Accrued Liabilities
- -
- -
- -
- -
- -
- -
- -
32
24
38
- -
- -
- -
- -
- -
+ Pension Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Liabilities
3
195
- -
- -
- -
- -
- -
11
19
-38
32
61
64
74
69
Total Noncurrent Liabilities
175
195
- -
164
48
75
106
243
284
116
373
415
422
396
301
Total Liabilities
200
195
5
219
102
139
178
298
339
326
511
544
549
552
602
+ Preferred Equity and Hybrid Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
48
48
48
48
48
+ Share Capital & APIC
188
190
191
102
272
274
290
292
291
294
290
260
256
245
244
+ Common Stock
- -
- -
- -
- -
- -
- -
1
1
1
1
1
- -
- -
- -
- -
+ Additional Paid in Capital
188
190
191
102
272
273
290
291
291
293
290
259
256
245
244
- Treasury Stock
4
4
4
- -
- -
- -
- -
1
3
3
3
- -
- -
- -
- -
+ Retained Earnings
-89
-129
-168
70
87
111
126
178
235
350
540
754
997
1,333
1,567
+ Other Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Equity Before Minority Interest
94
56
19
172
360
385
416
468
523
640
875
1,062
1,301
1,625
1,859
+ Minority/Non Controlling Interest
6
-1
-8
10
12
17
17
17
13
23
36
50
53
73
74
Total Equity
100
55
11
182
372
401
433
486
536
663
911
1,112
1,354
1,698
1,933
Total Liabilities & Equity
300
250
16
400
474
541
611
784
876
989
1,422
1,656
1,903
2,250
2,535
Shares Outstanding
8
8
8
31
49
49
51
51
50
51
51
46
45
44
43
Number of Employees
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Capital Leases - Total
5
5
- -
- -
- -
- -
- -
- -
4
3
5
4
8
8
9
Net Debt
170
-9
-13
155
36
51
79
362
205
200
258
291
167
195
166
Net Debt to Equity
169.84
-15.5
-114.04
85.32
9.8
12.65
18.25
74.64
38.18
30.23
28.31
26.19
12.34
11.49
8.57
Tangible Common Equity Ratio
33.36
22.01
70.61
45.36
78.47
74.21
70.87
61.87
61.2
67
60.65
64.26
68.65
73.35
74.37
Current Ratio
2.35
72.11
3.51
5.64
7.14
7.29
7.71
13.25
14.82
4.32
9.61
11.98
13.85
13.66
7.96
Cash Conversion Cycle
18.42
- -
- -
262.46
479.71
442.6
472.34
441.03
404.71
383.3
351.59
377.21
436.02
456.83
513.33

Cash Flow Statement (USD)

MCPAPIChat
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
As of date
12/31/2011
12/31/2012
12/31/2013
12/31/2014
12/31/2015
12/31/2016
12/31/2017
12/31/2018
12/31/2019
12/31/2020
12/31/2021
12/31/2022
12/31/2023
12/31/2024
12/31/2025
+ Net Income
-10
-46
-46
61
26
35
25
65
64
118
204
314
307
417
344
+ Depreciation & Amortization
30
28
25
- -
1
- -
- -
3
3
4
3
2
4
5
5
+ Non-Cash Items
1
1
26
-25
9
14
37
16
3
-7
-6
-11
3
2
24
+ Stock-Based Compensation
1
1
2
- -
- -
1
3
2
2
2
3
3
7
8
12
+ Deferred Income Taxes
- -
- -
- -
-25
8
13
36
15
1
- -
- -
-1
1
1
3
+ Asset Impairment Charge
- -
- -
- -
- -
- -
- -
- -
1
1
2
- -
- -
- -
- -
- -
+ Other Non-Cash Adj
- -
- -
24
- -
- -
- -
-2
-1
-1
-11
-9
-14
-5
-8
9
+ Chg in Non-Cash Work Cap
3
18
8
-34
-81
-55
-81
-123
-93
-79
-293
-215
-100
-398
-159
+ (Inc) Dec in Accts Receiv
14
4
1
- -
-3
1
1
-3
- -
-1
-2
2
-5
-3
-75
+ (Inc) Dec in Inventories
-2
13
2
-38
-59
-70
-95
-129
-84
-90
-358
-218
-109
-403
-160
+ (Inc) Dec in Prepaid Assets
-1
1
- -
-3
-11
- -
-3
2
2
-9
-4
2
7
3
- -
+ Inc (Dec) in Accts Payable
-7
2
-8
10
-3
10
11
9
- -
10
42
36
8
20
77
+ Inc (Dec) in Other
-1
-3
13
-2
-5
5
6
-2
-10
10
29
-37
-1
-14
-2
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Operating Activities
24
1
13
2
-45
-5
-18
-39
-22
35
-92
91
213
26
213
+ Change in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp in Fixed & Intang
- -
- -
2
9
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp of Fixed Prod Assets
- -
- -
2
9
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Fixed & Intang
-3
-1
-11
-1
- -
- -
- -
-3
-3
-3
-2
-2
-8
-4
-5
+ Acq of Fixed Prod Assets
-3
-1
-11
-1
- -
- -
- -
-3
-3
-3
-2
-2
-8
-4
-5
+ Acq of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash (Repurchase) of Equity
46
- -
- -
- -
170
- -
- -
-1
-2
- -
- -
-101
-46
22
-84
+ Increase in Capital Stock
46
- -
- -
- -
170
- -
- -
- -
- -
- -
- -
- -
- -
70
- -
+ Decrease in Capital Stock
- -
- -
- -
- -
- -
- -
- -
-1
-2
- -
- -
-101
-46
-48
-84
+ Net Change in LT Investment
- -
- -
- -
6
3
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Dec in LT Investment
- -
- -
- -
6
3
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inc in LT Investment
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Net Cash From Acq & Div
- -
- -
- -
- -
- -
- -
- -
-28
-5
-10
- -
-4
-6
32
-39
+ Cash from Divestitures
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
64
- -
+ Cash for Acq of Subs
- -
- -
- -
- -
- -
- -
- -
-28
-5
-10
- -
-4
-6
-32
-39
+ Cash for JVs
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Investing Activities
- -
- -
- -
-2
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Investing Activities
-3
-1
-10
13
2
- -
- -
-31
-8
-13
-2
-6
-13
28
-44
+ Dividends Paid
- -
- -
- -
-13
-8
-10
-11
-11
- -
- -
- -
-3
-3
-3
-3
+ Net Cash From Debt
-57
-6
- -
-18
-119
28
31
85
39
-18
117
32
-22
-11
-17
+ Cash From Debt
- -
- -
- -
27
89
66
88
165
299
403
975
434
22
121
284
+ Repayments of Debt
-57
-6
- -
-45
-208
-37
-58
-80
-260
-421
-858
-402
-44
-131
-301
+ Other Financing Activities
-2
- -
- -
21
- -
3
-1
-1
-11
-7
37
-13
-24
-102
-35
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Financing Activities
-13
-6
- -
-10
44
21
19
72
26
-26
154
-84
-94
-94
-138
Effect of Foreign Exchange Rates
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Changes in Cash
8
-6
4
5
1
16
1
1
-4
-4
60
- -
106
-40
31
EBITDA
29
22
16
38
36
51
60
77
74
126
231
361
359
482
415
EBITDA Margin (%)
4.51
- -
- -
15.4
12.32
13
13.17
12.36
9.4
12.92
16.43
20.56
20.51
23.37
20.32
Free Cash Flow
21
1
2
1
-46
-5
-18
-43
-25
32
-94
89
206
22
208
Net Cash Paid for Acquisitions
- -
- -
- -
- -
- -
- -
- -
28
5
10
- -
4
6
-32
39
Free Cash Flow to Firm
- -
- -
- -
- -
-46
-5
-18
-43
-25
32
-94
89
206
22
208
Free Cash Flow to Equity
-37
-6
4
-7
-164
23
13
42
14
14
70
118
181
8
189
Free Cash Flow per Basic Share
3.02
0.08
0.25
0.08
-1.14
-0.11
-0.37
-0.84
-0.49
0.64
-1.86
1.86
4.52
0.48
4.76
Price/Free Cash Flow
2.31
7.89
0.35
52.7
-6.4
-111.81
-31.44
-10.13
-29.85
30.66
-17.14
12.54
10.78
83.66
12.62
Cash Flow to Net Income
-2.7
-0.04
-0.34
0.04
-2.96
-0.2
-1.2
-0.76
-0.38
0.31
-0.49
0.31
0.75
0.07
0.68
Capital Expenditures
-3
-1
-11
-1
- -
- -
- -
-3
-3
-3
-2
-2
-8
-4
-5