SEI Investments Company

SEIC

SEICSEI Investments Company US flag

NASDAQ Global Select

97.65

USD

-1.72

- -

11.74BMarket Cap

Income Statement (USD)

API ChatGPT

	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	930	993	1,126	1,266	1,334	1,402	1,527	1,624	1,650	1,684	1,918	1,991	1,920	2,125	2,297
+ Sales & Services Revenue	930	993	1,126	1,266	1,334	1,402	1,527	1,624	1,650	1,684	1,918	1,991	1,920	2,125	2,297
- Cost of Revenue	447	492	535	583	612	638	687	724	729	738	830	946	936	997	1,068
+ Cost of Goods & Services	447	492	535	583	612	638	687	724	729	738	830	946	936	997	1,068
Gross Profit	483	501	591	683	722	763	840	900	921	946	1,088	1,045	984	1,128	1,229
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	279	289	342	330	364	388	443	458	460	500	535	570	560	577	602
+ Selling, General & Admin	127	126	169	150	164	183	223	225	219	255	265	281	263	270	272
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	151	163	173	180	201	205	220	233	241	245	270	288	297	306	330
Operating Income (Loss)	204	212	248	353	358	376	397	442	460	446	553	476	425	552	627
- Non-Operating (Income) Loss	-114	-118	-187	-137	-142	-133	-160	-172	-171	-123	-140	-134	-170	-195	-289
+ Interest Expense, Net	-5	-5	-3	-3	-3	-4	-6	-13	-16	-6	-3	-13	-40	-48	-39
+ Interest Expense	1	1	1	- -	- -	1	1	1	1	1	1	1	1	1	1
- Interest Income	6	6	3	3	3	4	7	13	17	7	4	13	41	49	40
+ Other Non-Op (Income) Loss	-109	-113	-184	-134	-139	-129	-154	-159	-155	-117	-137	-121	-130	-147	-250
Pretax Income	318	329	435	490	500	508	557	614	631	569	694	609	595	747	916
- Income Tax Expense (Benefit)	112	121	147	171	169	175	153	108	130	121	147	134	132	166	199
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	207	208	288	319	332	334	404	506	501	447	547	475	462	581	718
- Net Extraordinary Losses (Gains)	3	2	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	3	2	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4
Income (Loss) Incl. MI	203	206	288	319	332	334	404	506	501	447	547	475	462	581	713
- Minority Interest	-2	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-2
Net Income, GAAP	205	207	288	319	332	334	404	506	501	447	547	475	462	581	715
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	205	207	288	319	332	334	404	506	501	447	547	475	462	581	715
EBIT	204	212	248	353	358	376	397	442	460	446	553	476	425	552	627
EBITDA	253	267	306	414	425	448	473	520	541	530	646	564	498	627	704
EBITDA Margin (%)	27.19	26.94	27.13	32.69	31.85	31.93	30.95	32	32.81	31.46	33.68	28.31	25.97	29.5	30.66
EBITA	204	212	248	353	358	376	397	442	460	446	553	476	425	552	627
Gross Margin (%)	51.92	50.43	52.46	53.93	54.15	54.47	54.99	55.41	55.8	56.17	56.72	52.5	51.26	53.09	53.5
Operating Margin (%)	21.95	21.32	22.06	27.87	26.85	26.81	26	27.21	27.91	26.48	28.85	23.89	22.11	25.96	27.31
Profit Margin (%)	22.05	20.84	25.59	25.17	24.86	23.82	26.49	31.15	30.39	26.56	28.49	23.88	24.08	27.35	31.14
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.12	0.78	0.2	0.44	0.48	0.52	0.56	0.6	0.66	0.71	0.75	0.81	0.87	0.93	1
Depreciation Expense	49	56	57	61	67	72	76	78	81	84	93	88	74	75	77
Basic Weighted Avg Shares	183	174	172	168	166	161	158	157	152	147	141	136	133	130	124
Basic EPS, GAAP	1.12	1.19	1.68	1.89	2	2.07	2.56	3.23	3.31	3.05	3.87	3.49	3.49	4.47	5.76
Basic EPS from Cont Ops	1.13	1.19	1.68	1.89	2	2.07	2.56	3.23	3.31	3.05	3.87	3.49	3.49	4.47	5.78
Diluted Weighted Avg Shares	184	176	176	173	170	164	162	161	155	149	143	137	134	132	127
Diluted EPS, GAAP	1.11	1.18	1.64	1.85	1.96	2.03	2.49	3.14	3.24	3	3.81	3.46	3.46	4.41	5.63
Diluted EPS from Cont Ops	1.12	1.18	1.64	1.85	1.96	2.03	2.49	3.14	3.24	3	3.81	3.46	3.46	4.41	5.65

Balance Sheet (USD)

API ChatGPT

	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	635	701	847	955	1,004	1,038	1,140	1,191	1,305	1,301	1,404	1,453	1,478	1,552	1,273
+ Cash, Cash Equivalents & STI	442	472	599	689	701	717	766	785	875	819	860	885	866	870	434
+ Cash & Cash Equivalents	421	452	578	667	680	696	744	755	841	785	831	853	835	840	400
+ ST Investments	21	20	21	21	21	21	22	31	33	34	28	32	31	30	34
+ Accounts & Notes Receiv	168	203	226	243	271	290	339	365	395	440	501	519	557	622	773
+ Accounts Receivable, Net	64	78	84	97	95	110	133	126	140	154	170	173	171	198	242
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	104	125	142	146	176	179	206	239	254	286	330	346	386	424	531
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	25	26	22	24	32	31	35	40	35	42	44	49	55	60	67
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	660	608	592	587	585	599	714	781	847	866	950	930	1,042	1,133	1,987
+ Property, Plant & Equip, Net	130	128	119	126	144	146	146	146	204	227	212	206	194	189	177
+ Property, Plant & Equip	312	329	339	367	403	432	456	484	557	606	622	647	668	682	646
- Accumulated Depreciation	182	201	220	241	260	285	310	338	353	379	409	441	474	493	469
+ LT Investments & Receivables	208	159	150	136	135	139	154	169	190	210	244	239	274	316	428
+ LT Investments	208	159	150	136	135	139	154	169	190	210	244	239	274	316	428
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	322	322	324	325	306	313	414	466	453	429	494	485	575	629	1,382
+ Total Intangible Assets	309	307	313	309	291	296	392	406	389	360	429	408	460	484	958
+ Goodwill	- -	- -	- -	- -	- -	- -	53	64	64	64	117	116	137	170	355
+ Other Intangible Assets	309	307	313	309	291	296	339	341	324	295	312	293	322	313	603
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	13	14	11	16	15	18	22	60	64	69	64	77	115	145	424
Total Assets	1,295	1,310	1,439	1,543	1,589	1,637	1,853	1,972	2,151	2,167	2,355	2,384	2,520	2,685	3,260
+ Payables & Accruals	96	78	125	145	147	167	181	193	171	193	213	262	212	231	222
+ Accounts Payable	2	11	16	11	5	6	5	11	4	8	10	13	11	13	5
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	7	7
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	94	67	109	134	143	161	176	182	167	185	202	249	202	211	210
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	9	9	11	10	8	8	9
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	9	9	11	10	8	8	9
+ Other ST Liabilities	56	74	83	75	77	83	94	103	113	116	132	125	133	141	157
+ Deferred Revenue	2	2	2	2	2	3	5	5	7	1	10	15	15	12	13
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	2	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	54	71	79	72	75	80	89	98	106	114	122	110	117	129	143
Total Current Liabilities	151	152	208	220	224	249	275	296	294	317	356	398	353	381	387
+ LT Debt	- -	- -	- -	- -	- -	- -	30	- -	38	34	68	19	17	24	20
+ LT Borrowings	- -	- -	- -	- -	- -	- -	30	- -	- -	- -	40	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	38	34	28	19	17	24	20
+ Other LT Liabilities	102	100	75	75	74	84	71	83	81	76	71	13	18	28	149
+ Accrued Liabilities	94	93	67	65	63	70	48	58	56	55	49	- -	- -	- -	17
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	8	7	9	10	11	15	23	25	25	21	22	13	18	28	132
Total Noncurrent Liabilities	102	100	75	75	74	84	101	83	119	110	138	32	35	52	169
Total Liabilities	253	252	283	295	299	334	377	379	413	427	494	430	388	432	556
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	580	626	723	836	912	957	1,029	1,108	1,160	1,191	1,248	1,309	1,406	1,541	1,680
+ Common Stock	2	2	2	2	2	2	2	2	1	1	1	1	1	1	1
+ Additional Paid in Capital	578	624	721	835	911	955	1,028	1,107	1,159	1,190	1,247	1,307	1,405	1,540	1,679
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	444	406	432	420	403	384	467	518	602	565	633	694	763	758	792
+ Other Equity	2	6	1	-9	-25	-38	-20	-33	-24	-17	-20	-49	-37	-47	-25
Equity Before Minority Interest	1,025	1,038	1,156	1,248	1,290	1,303	1,477	1,593	1,739	1,740	1,861	1,954	2,132	2,252	2,448
+ Minority/Non Controlling Interest	16	19	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	256
Total Equity	1,041	1,057	1,156	1,248	1,290	1,303	1,477	1,593	1,739	1,740	1,861	1,954	2,132	2,252	2,704
Total Liabilities & Equity	1,295	1,310	1,439	1,543	1,589	1,637	1,853	1,972	2,151	2,167	2,355	2,384	2,520	2,685	3,260
Shares Outstanding	177	172	169	167	164	159	157	154	150	143	138	134	131	127	122
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	48	43	39	29	25	32	29
Net Debt	-421	-452	-578	-667	-680	-696	-714	-755	-841	-785	-791	-853	-835	-840	-400
Net Debt to Equity	-40.42	-42.77	-50.02	-53.5	-52.7	-53.39	-48.36	-47.36	-48.39	-45.1	-42.53	-43.66	-39.15	-37.31	-14.79
Tangible Common Equity Ratio	74.32	74.81	74.86	76.07	76.97	75.11	74.23	75.83	76.59	76.36	74.34	78.24	81.16	80.35	75.85
Current Ratio	4.2	4.61	4.07	4.35	4.47	4.16	4.14	4.03	4.44	4.1	3.95	3.65	4.19	4.08	3.29
Cash Conversion Cycle	16.58	21.08	16.82	17.65	21.77	23.79	26.17	25.1	25.63	28.91	26.91	26.88	28.04	27.34	31.79

Cash Flow Statement (USD)

API ChatGPT

	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	207	208	288	319	332	334	404	506	501	447	547	475	462	581	718
+ Depreciation & Amortization	49	56	57	61	67	72	76	78	81	84	93	88	74	75	77
+ Non-Cash Items	15	-1	9	8	40	28	-1	27	11	31	28	-17	-6	25	-18
+ Stock-Based Compensation	14	16	38	13	17	16	36	24	25	27	41	39	31	59	54
+ Deferred Income Taxes	1	-1	-23	-3	-1	5	-21	6	-3	-1	-8	-46	-33	-14	59
+ Asset Impairment Charge	- -	- -	- -	- -	6	- -	- -	- -	- -	- -	- -	- -	6	- -	- -
+ Other Non-Cash Adj	- -	-16	-6	-3	18	7	-16	-3	-10	5	-6	-10	-9	-21	-131
+ Chg in Non-Cash Work Cap	-13	-5	-4	-13	-30	1	-19	-22	-48	-73	-34	19	-83	-59	-169
+ (Inc) Dec in Accts Receiv	-8	-36	-26	-17	-28	-18	-48	-26	-42	-85	-61	-16	-38	-72	-159
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	-12	-39	-3	3	-1	-7	- -
+ Inc (Dec) in Accts Payable	-4	31	20	7	5	20	20	19	-11	24	27	35	-40	16	-5
+ Inc (Dec) in Other	-1	- -	2	-2	-7	-1	8	-15	17	27	2	-3	-5	4	-4
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	257	257	351	375	408	434	460	588	545	489	633	566	447	622	608
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	10	3
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	10	3
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-53	-54	-56	-63	-74	-82	-87	-73	-77	-79	-26	-39	-25	-32	-23
+ Acq of Fixed Prod Assets	-12	-23	-16	-28	-44	-31	-26	-29	-43	-54	-26	-39	-25	-32	-23
+ Acq of Intangible Assets	-41	-31	-40	-35	-29	-50	-61	-44	-34	-24	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-185	-108	-140	-171	-226	-244	-195	-319	-285	-378	-353	-287	-208	-374	-484
+ Increase in Capital Stock	24	49	66	105	66	48	54	88	61	49	55	58	101	126	144
+ Decrease in Capital Stock	-209	-158	-207	-276	-291	-292	-248	-407	-346	-427	-408	-345	-309	-500	-628
+ Net Change in LT Investment	23	71	-13	7	-6	-4	-4	-36	-4	12	-21	-17	-21	-24	-34
+ Dec in LT Investment	105	108	48	63	46	69	66	168	171	156	195	161	122	153	124
+ Inc in LT Investment	-81	-37	-60	-57	-53	-73	-70	-203	-175	-143	-216	-178	-143	-177	-158
+ Net Cash From Acq & Div	- -	- -	6	6	3	3	-80	-6	- -	- -	-80	- -	-56	-39	-306
+ Cash from Divestitures	- -	- -	6	6	3	3	- -	- -	- -	- -	- -	- -	- -	- -	116
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	-80	-6	- -	- -	-80	- -	-56	-39	-422
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-2	- -	- -	-2	-1	1	-2	-9	3	-1	-37	-34	-39	-32	-40
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-32	17	-62	-53	-78	-82	-172	-123	-78	-67	-165	-90	-142	-117	-399
+ Dividends Paid	-22	-135	-34	-74	-80	-85	-89	-94	-101	-104	-106	-110	-115	-120	-124
+ Net Cash From Debt	-95	- -	- -	- -	- -	- -	60	-60	- -	- -	80	-40	- -	- -	- -
+ Cash From Debt	- -	- -	- -	- -	- -	- -	80	- -	- -	- -	80	- -	- -	- -	- -
+ Repayments of Debt	-95	- -	- -	- -	- -	- -	-20	-60	- -	- -	- -	-40	- -	- -	- -
+ Other Financing Activities	1	1	12	20	- -	- -	-30	30	- -	-1	-44	-1	-9	- -	19
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-300	-243	-163	-225	-306	-329	-254	-444	-387	-482	-422	-437	-331	-494	-589
Effect of Foreign Exchange Rates	- -	- -	- -	-7	-11	-10	15	-11	6	4	-2	-17	7	-5	11
Net Changes in Cash	-75	31	126	97	24	24	34	21	80	-61	46	39	-26	11	-381
EBITDA	253	267	306	414	425	448	473	520	541	530	646	564	498	627	704
EBITDA Margin (%)	27.19	26.94	27.13	32.69	31.85	31.93	30.95	32	32.81	31.46	33.68	28.31	25.97	29.5	30.66
Free Cash Flow	204	203	295	311	334	352	373	515	468	410	607	527	422	590	585
Net Cash Paid for Acquisitions	- -	- -	-6	-6	-3	-3	80	6	- -	- -	80	- -	56	39	306
Free Cash Flow to Firm	204	204	296	312	334	353	374	516	468	411	607	528	423	591	585
Free Cash Flow to Equity	150	234	335	346	363	403	494	499	502	434	687	487	422	600	588
Free Cash Flow per Basic Share	1.12	1.17	1.72	1.85	2.01	2.18	2.36	3.29	3.09	2.8	4.3	3.87	3.18	4.54	4.71
Price/Free Cash Flow	10.3	13.17	14.99	15.77	18.46	15.73	21.34	11.26	16.3	15.1	13.24	13.24	18.01	16.6	16.54
Cash Flow to Net Income	1.25	1.24	1.22	1.18	1.23	1.3	1.14	1.16	1.09	1.09	1.16	1.19	0.97	1.07	0.85
Capital Expenditures	-53	-54	-56	-63	-74	-82	-87	-73	-77	-79	-26	-39	-25	-32	-23