1. United States of America Stocks

  2. •

    Consumer Cyclical

  3. •

    Specialty Retail
Liquidity Services, Inc.

Liquidity Services, Inc.

LQDT
Liquidity Services, Inc.US flagNASDAQ Global Select
37.82
USD
+0.08
- -
1.18BMarket 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
As of date
09/30/2011
09/30/2012
09/30/2013
09/30/2014
09/30/2015
09/30/2016
09/30/2017
09/30/2018
09/30/2019
09/30/2020
09/30/2021
09/30/2022
09/30/2023
09/30/2024
09/30/2025
Sales/Revenue/Turnover
327
475
506
496
397
316
270
225
227
206
258
280
314
363
477
+ Sales & Services Revenue
327
475
506
496
397
316
270
225
227
206
258
280
314
363
477
- Cost of Revenue
126
198
199
212
166
143
126
100
102
96
108
119
142
178
268
+ Cost of Goods & Services
126
198
199
212
166
143
126
100
102
96
108
119
142
178
268
Gross Profit
201
277
306
284
231
173
144
124
124
110
150
161
172
185
209
+ Other Operating Income
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Operating Expenses
157
193
232
252
220
188
183
146
144
114
123
138
146
162
174
+ Selling, General & Admin
151
179
215
235
210
182
174
140
82
65
67
72
78
87
94
+ Research & Development
52
68
- -
- -
- -
- -
- -
- -
- -
42
48
56
- -
- -
- -
+ Other Operating Expense
-46
-53
17
17
10
7
9
6
62
7
8
11
69
75
80
Operating Income (Loss)
44
84
74
32
11
-15
-39
-21
-19
-4
27
23
26
23
35
- Non-Operating (Income) Loss
8
4
5
-18
156
18
- -
- -
-1
-1
- -
-25
-3
-4
-4
+ Interest Expense, Net
1
2
- -
- -
- -
- -
- -
-1
-1
-1
- -
- -
-3
-4
-4
+ Interest Expense
1
2
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Interest Income
- -
- -
- -
- -
- -
- -
- -
1
1
1
- -
- -
3
4
4
+ Other Non-Op (Income) Loss
7
2
5
-18
156
18
- -
- -
- -
- -
- -
-24
- -
- -
- -
Pretax Income
36
80
69
50
-144
-33
-40
-21
-18
-3
28
48
29
27
39
- Income Tax Expense (Benefit)
15
32
28
20
-40
27
- -
-9
1
1
-23
7
8
7
11
- (Income) Loss from Affiliates
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Income (Loss) from Cont Ops
21
48
41
30
-105
-60
-39
-12
-19
-4
51
40
21
20
28
- Net Extraordinary Losses (Gains)
12
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Discontinued Operations
-12
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Extraord. & Accounting Changes
24
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Income (Loss) Incl. MI
9
48
41
30
-105
-60
-39
-12
-19
-4
51
40
21
20
28
- Minority Interest
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
9
48
41
30
-105
-60
-39
-12
-19
-4
51
40
21
20
28
- Preferred Dividends
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Other Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income Avail to Common, GAAP
9
48
41
30
-105
-60
-39
-12
-19
-4
51
40
21
20
28
EBIT
44
84
74
32
11
-15
-39
-21
-19
-4
27
23
26
23
35
EBITDA
50
98
91
49
20
-9
-33
-17
-14
3
34
33
37
36
45
EBITDA Margin (%)
15.19
20.62
18.04
9.81
5.14
-2.71
-12.38
-7.42
-6.32
1.26
13.26
11.86
11.88
9.78
9.54
EBITA
44
84
74
32
11
-15
-39
-21
-19
-4
27
23
26
23
35
Gross Margin (%)
61.39
58.32
60.56
57.3
58.2
54.77
53.25
55.42
54.79
53.38
58.19
57.36
54.74
50.97
43.81
Operating Margin (%)
13.45
17.64
14.6
6.46
2.81
-4.77
-14.53
-9.47
-8.57
-1.8
10.55
8.18
8.3
6.44
7.36
Profit Margin (%)
2.6
10.16
8.13
6.13
-26.39
-18.94
-14.51
-5.17
-8.5
-1.83
19.78
14.4
6.67
5.5
5.89
Sales per Employee
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
6
14
17
17
9
7
6
5
5
6
7
10
11
12
10
Basic Weighted Avg Shares
28
31
32
31
30
31
31
32
33
34
33
32
31
30
31
Basic EPS, GAAP
0.31
1.57
1.3
0.97
-3.5
-1.96
-1.25
-0.36
-0.58
-0.11
1.53
1.25
0.68
0.66
0.91
Basic EPS from Cont Ops
0.75
1.57
1.3
0.97
-3.5
-1.96
-1.25
-0.36
-0.58
-0.11
1.53
1.25
0.68
0.66
0.91
Diluted Weighted Avg Shares
29
33
33
31
30
31
31
32
33
34
35
34
32
32
32
Diluted EPS, GAAP
0.29
1.47
1.26
0.97
-3.5
-1.96
-1.25
-0.36
-0.58
-0.11
1.45
1.2
0.65
0.63
0.87
Diluted EPS from Cont Ops
0.71
1.47
1.26
0.97
-3.5
-1.96
-1.25
-0.36
-0.58
-0.11
1.45
1.2
0.65
0.63
0.87

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
As of date
09/30/2011
09/30/2012
09/30/2013
09/30/2014
09/30/2015
09/30/2016
09/30/2017
09/30/2018
09/30/2019
09/30/2020
09/30/2021
09/30/2022
09/30/2023
09/30/2024
09/30/2025
Total Current Assets
171
163
164
185
188
185
139
103
90
95
132
130
146
199
225
+ Cash, Cash Equivalents & STI
129
105
95
63
95
135
94
78
66
76
106
98
118
156
186
+ Cash & Cash Equivalents
129
105
95
63
95
135
94
58
36
76
106
96
110
153
175
+ ST Investments
- -
- -
- -
- -
- -
- -
- -
20
30
- -
- -
2
8
2
11
+ Accounts & Notes Receiv
6
16
24
22
40
14
14
7
9
7
8
13
10
13
13
+ Accounts Receivable, Net
6
16
24
22
6
10
12
5
7
5
6
12
8
11
11
+ Notes Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Loans Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Receivable, Net
- -
- -
- -
- -
33
3
2
2
3
2
2
2
2
2
2
+ Inventories
15
21
29
78
26
28
21
10
6
6
12
12
11
17
14
+ Raw Materials
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Work In Process
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Finished Goods
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inventory Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Inventory
15
21
29
78
26
28
21
10
6
6
12
12
11
17
14
+ Other ST Assets
21
21
16
22
28
9
10
8
8
6
5
7
7
14
12
+ Misc ST Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Prepaid Expenses
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Assets Held-for-Sale
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Noncurrent Assets
57
238
257
247
100
75
76
99
97
102
124
159
143
148
150
+ Property, Plant & Equip, Net
7
10
10
12
13
14
17
17
19
28
31
32
27
30
30
+ Property, Plant & Equip
16
26
30
37
42
46
48
28
29
43
50
56
57
67
73
- Accumulated Depreciation
9
16
20
25
28
31
32
11
11
15
19
24
30
37
43
+ LT Investments & Receivables
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Investments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Receivables
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other LT Assets
50
227
246
235
87
61
60
82
79
74
93
126
116
118
121
+ Total Intangible Assets
44
220
240
227
68
48
46
67
66
65
63
105
102
112
116
+ Goodwill
41
186
212
210
64
45
45
60
59
60
60
89
89
98
103
+ Other Intangible Assets
3
34
28
17
4
3
- -
7
6
5
3
16
12
14
13
+ LT Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Assets
6
7
7
8
19
13
14
15
13
9
29
21
14
6
4
Total Assets
228
400
421
432
288
260
215
202
187
197
256
288
289
347
375
+ Payables & Accruals
57
99
85
107
69
85
71
66
66
67
100
115
112
145
151
+ Accounts Payable
9
10
17
16
10
39
37
43
35
48
74
91
88
117
121
+ Accrued Taxes
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Interest & Dividends Payable
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Payables & Accruals
49
89
69
91
60
47
33
24
30
19
26
23
24
28
31
+ ST Debt
- -
10
- -
- -
- -
- -
- -
- -
- -
4
4
5
4
5
5
+ ST Borrowings
- -
10
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
- -
4
4
5
4
5
5
+ Other ST Liabilities
2
- -
- -
- -
- -
- -
- -
2
3
3
5
4
5
5
5
+ Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
2
3
3
5
4
5
5
5
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc ST Liabilities
2
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Current Liabilities
60
109
85
107
69
85
71
68
69
74
109
124
121
155
162
+ LT Debt
5
32
- -
- -
- -
- -
- -
- -
- -
7
10
10
7
9
9
+ LT Borrowings
5
32
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
- -
7
10
10
7
9
9
+ Other LT Liabilities
2
9
21
8
3
12
12
4
2
3
1
- -
- -
- -
2
+ Accrued Liabilities
2
9
3
8
3
12
12
4
2
3
1
- -
- -
- -
- -
+ Pension Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Liabilities
- -
- -
18
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
2
Total Noncurrent Liabilities
7
41
21
8
3
12
12
4
2
10
11
10
7
9
10
Total Liabilities
66
150
106
115
72
97
83
72
71
85
121
134
127
164
172
+ Preferred Equity and Hybrid Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Share Capital & APIC
125
182
207
205
211
220
227
236
243
248
252
258
266
276
286
+ Common Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Additional Paid in Capital
125
182
207
205
211
220
227
236
243
248
252
258
266
276
286
- Treasury Stock
22
- -
- -
- -
- -
- -
- -
- -
- -
4
37
63
84
94
110
+ Retained Earnings
58
66
107
116
11
-49
-88
-100
-119
-122
-71
-31
-10
10
38
+ Other Equity
- -
1
1
-3
-6
-9
-6
-6
-8
-10
-9
-10
-10
-9
-11
Equity Before Minority Interest
161
250
315
317
216
163
133
130
116
112
135
155
162
183
203
+ Minority/Non Controlling Interest
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
161
250
315
317
216
163
133
130
116
112
135
155
162
183
203
Total Liabilities & Equity
228
400
421
432
288
260
215
202
187
197
256
288
289
347
375
Shares Outstanding
29
31
32
30
30
31
32
33
34
34
33
32
31
31
31
Number of Employees
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Capital Leases - Total
- -
- -
- -
- -
- -
- -
- -
- -
- -
11
14
14
11
14
14
Net Debt
-124
-63
-95
-63
-95
-135
-94
-58
-36
-76
-106
-96
-110
-153
-175
Net Debt to Equity
-76.97
-25.11
-30.2
-19.75
-44.2
-82.72
-71.13
-45.08
-31.42
-68
-78.76
-62.2
-68.27
-83.93
-85.91
Tangible Common Equity Ratio
63.97
16.64
41.32
44.02
67.11
54.08
51.25
46.39
41.61
35.76
37.29
27
31.9
30.13
33.62
Current Ratio
2.88
1.49
1.93
1.73
2.72
2.16
1.96
1.5
1.31
1.27
1.21
1.05
1.21
1.28
1.39
Cash Conversion Cycle
26.25
24.82
36.93
86.98
85.97
16.79
-31.65
-94.16
-107.53
-126.55
-156.54
-206.28
-190.24
-164.6
-133.83

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
As of date
09/30/2011
09/30/2012
09/30/2013
09/30/2014
09/30/2015
09/30/2016
09/30/2017
09/30/2018
09/30/2019
09/30/2020
09/30/2021
09/30/2022
09/30/2023
09/30/2024
09/30/2025
+ Net Income
21
48
41
30
-105
-60
-39
-12
-19
-4
51
40
21
20
28
+ Depreciation & Amortization
6
14
17
17
9
7
6
5
5
6
7
10
11
12
10
+ Non-Cash Items
3
-6
1
-8
162
61
19
-2
11
6
-16
-10
17
17
18
+ Stock-Based Compensation
9
12
13
13
12
12
7
7
7
6
7
8
8
11
14
+ Deferred Income Taxes
- -
-2
-7
1
-6
26
-1
-11
- -
- -
-25
6
7
5
2
+ Asset Impairment Charge
- -
- -
- -
- -
147
19
2
- -
- -
- -
1
- -
- -
- -
- -
+ Other Non-Cash Adj
-6
-17
-6
-22
9
3
10
2
4
1
1
-24
2
1
1
+ Chg in Non-Cash Work Cap
11
-4
-13
-27
-23
39
-17
10
-3
8
23
4
-2
21
10
+ (Inc) Dec in Accts Receiv
-2
-2
-7
2
13
-4
-2
7
-2
3
-1
-6
3
-4
- -
+ (Inc) Dec in Inventories
- -
- -
-7
-49
43
-5
-4
8
4
- -
-7
- -
- -
5
5
+ (Inc) Dec in Prepaid Assets
8
18
14
- -
-40
27
- -
- -
1
1
-2
-2
-1
-3
1
+ Inc (Dec) in Accts Payable
4
-17
-12
21
-37
16
-15
-5
-6
3
32
12
-3
21
4
+ Inc (Dec) in Other
2
-3
- -
-1
-1
5
3
- -
1
1
1
-1
- -
2
- -
+ Net Cash From Disc Ops
-1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Operating Activities
40
52
47
12
43
46
-32
1
-6
16
65
45
47
70
67
+ Change in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
1
- -
- -
- -
- -
- -
- -
- -
+ Disp of Fixed Prod Assets
- -
- -
- -
- -
- -
- -
- -
1
- -
- -
- -
- -
- -
- -
- -
+ Disp of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Fixed & Intang
-14
-79
-20
-8
-7
-6
-8
-4
-6
-4
-5
-8
-5
-9
-8
+ Acq of Fixed Prod Assets
-5
-7
-5
-8
-7
-6
-8
-4
-6
-4
-5
-8
-5
-9
-8
+ Acq of Intangible Assets
-9
-72
-15
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash (Repurchase) of Equity
-4
-30
- -
-45
- -
- -
- -
- -
- -
-4
-31
-25
-21
-9
-16
+ Increase in Capital Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Decrease in Capital Stock
-4
-30
- -
-45
- -
- -
- -
- -
- -
-4
-31
-25
-21
-9
-16
+ Net Change in LT Investment
34
- -
- -
- -
- -
- -
- -
-20
-10
30
- -
-2
-6
6
-9
+ Dec in LT Investment
44
- -
- -
- -
- -
- -
- -
- -
60
55
- -
- -
2
8
10
+ Inc in LT Investment
-10
- -
- -
- -
- -
- -
- -
-20
-70
-25
- -
-2
-8
-2
-19
+ Net Cash From Acq & Div
- -
- -
- -
- -
-5
- -
- -
-17
- -
- -
- -
-11
- -
-13
-6
+ Cash from Divestitures
- -
- -
- -
- -
-2
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash for Acq of Subs
- -
- -
- -
- -
-2
- -
- -
-17
- -
- -
- -
-11
- -
-13
-6
+ Cash for JVs
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Investing Activities
- -
- -
- -
- -
2
- -
- -
3
- -
3
4
- -
- -
- -
- -
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Investing Activities
20
-79
-20
-8
-10
-6
-8
-37
-16
29
-1
-21
-11
-16
-23
+ Dividends Paid
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Net Cash From Debt
- -
- -
-39
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash From Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Repayments of Debt
- -
- -
-39
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Financing Activities
30
32
3
8
- -
- -
-1
- -
1
-2
-3
-6
-1
-2
-6
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Financing Activities
27
2
-36
-37
- -
- -
-1
- -
1
-6
-35
-32
-22
-11
-22
Effect of Foreign Exchange Rates
- -
- -
- -
- -
-1
- -
1
- -
-1
- -
1
-2
1
- -
-1
Net Changes in Cash
86
-24
-10
-33
34
39
-41
-36
-21
39
30
-8
14
43
22
EBITDA
50
98
91
49
20
-9
-33
-17
-14
3
34
33
37
36
45
EBITDA Margin (%)
15.19
20.62
18.04
9.81
5.14
-2.71
-12.38
-7.42
-6.32
1.26
13.26
11.86
11.88
9.78
9.54
Free Cash Flow
26
-26
27
4
36
40
-40
-4
-12
12
60
37
42
61
59
Net Cash Paid for Acquisitions
- -
- -
- -
- -
5
- -
- -
17
- -
- -
- -
11
- -
13
6
Free Cash Flow to Firm
27
-25
27
4
- -
- -
- -
- -
- -
- -
- -
37
42
61
59
Free Cash Flow to Equity
35
45
2
4
36
40
-39
-3
-12
12
60
37
42
61
59
Free Cash Flow per Basic Share
0.94
-0.86
0.84
0.13
1.2
1.3
-1.26
-0.11
-0.37
0.36
1.8
1.14
1.34
2.01
1.91
Price/Free Cash Flow
17.34
12.59
16.34
22.1
4.35
6.62
-7.81
42.21
-870.7
12.1
10.68
10.35
10.78
9.12
11.92
Cash Flow to Net Income
4.69
1.08
1.14
0.39
-0.41
-0.76
0.81
-0.05
0.32
-4.37
1.28
1.11
2.24
3.51
2.38
Capital Expenditures
-14
-79
-20
-8
-7
-6
-8
-4
-6
-4
-5
-8
-5
-9
-8