Técnicas Reunidas, S.A.

Técnicas Reunidas, S.A.

TNISY
Técnicas Reunidas, S.A.US flagOther OTC
7.25
USD
- -
- -
2.83BMarket Cap

Income Statement (EUR)

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
2,613
2,652
2,846
3,149
4,188
4,793
5,068
4,396
4,699
3,521
2,806
4,233
4,135
4,451
6,466
+ Sales & Services Revenue
2,613
2,652
2,846
3,149
4,188
4,793
5,068
4,396
4,699
3,521
2,806
4,233
4,135
4,451
6,466
- Cost of Revenue
1,784
1,771
1,949
2,065
3,027
3,420
4,067
3,450
3,697
2,570
2,127
3,360
3,040
3,228
4,999
+ Cost of Goods & Services
1,784
1,771
1,949
2,065
3,027
3,420
4,067
3,450
3,697
2,570
2,127
3,360
3,040
3,228
4,999
Gross Profit
829
881
898
1,084
1,160
1,373
1,001
947
1,002
950
679
873
1,095
1,223
1,467
+ Other Operating Income
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Operating Expenses
671
716
733
897
1,044
1,146
879
865
890
866
842
866
932
1,037
1,170
+ Selling, General & Admin
36
49
76
99
67
52
61
67
61
71
63
64
80
82
94
+ Research & Development
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Operating Expense
635
667
657
798
977
1,094
818
798
829
795
780
802
852
955
1,077
Operating Income (Loss)
157
165
164
187
117
226
121
82
112
84
-163
7
163
186
296
- Non-Operating (Income) Loss
2
7
14
22
34
33
37
59
56
64
17
26
60
40
58
+ Interest Expense, Net
-5
-8
-3
-3
-2
- -
3
3
4
12
14
14
14
16
21
+ Interest Expense
4
5
5
4
4
6
9
9
11
16
17
25
39
40
41
- Interest Income
9
13
7
6
6
7
6
6
7
3
3
11
25
24
20
+ Other Non-Op (Income) Loss
7
16
17
24
36
33
33
56
52
52
3
12
46
24
37
Pretax Income
155
158
150
166
82
193
84
22
56
20
-180
-19
103
146
238
- Income Tax Expense (Benefit)
20
21
22
31
22
53
25
8
66
7
12
16
44
57
82
- (Income) Loss from Affiliates
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Income (Loss) from Cont Ops
135
136
128
134
60
140
59
14
-10
13
-192
-34
60
89
156
- Net Extraordinary Losses (Gains)
12
6
2
-2
2
12
39
5
-2
4
-3
5
-2
-1
-1
+ Discontinued Operations
- -
- -
- -
- -
- -
-11
-5
- -
- -
- -
- -
- -
- -
- -
- -
+ Extraord. & Accounting Changes
12
6
2
-2
2
23
44
5
-2
4
-3
5
-2
-1
-1
Income (Loss) Incl. MI
124
131
127
137
59
129
20
10
-8
9
-189
-40
62
90
157
- Minority Interest
-6
-3
-1
1
-1
- -
-19
-2
1
-2
2
-3
1
1
- -
Net Income, GAAP
130
133
128
136
59
129
40
12
-9
11
-190
-37
61
90
157
- Preferred Dividends
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Other Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income Avail to Common, GAAP
130
133
128
136
59
129
40
12
-9
11
-190
-37
61
90
157
EBIT
157
165
164
187
117
226
121
82
112
84
-163
7
163
186
296
EBITDA
157
165
164
187
117
226
121
82
112
84
-163
7
163
186
296
EBITDA Margin (%)
6.02
6.22
5.78
5.95
2.79
4.73
2.39
1.86
2.38
2.38
-5.82
0.17
3.94
4.18
4.58
EBITA
149
157
155
175
100
209
100
63
70
41
-191
-19
137
153
258
Gross Margin (%)
31.71
33.22
31.53
34.43
27.71
28.65
19.75
21.53
21.32
26.99
24.2
20.62
26.48
27.47
22.69
Operating Margin (%)
6.02
6.22
5.78
5.95
2.79
4.73
2.39
1.86
2.38
2.38
-5.82
0.17
3.94
4.18
4.58
Profit Margin (%)
4.96
5.03
4.49
4.31
1.42
2.69
0.78
0.27
-0.2
0.31
-6.79
-0.88
1.47
2.02
2.42
Sales per Employee
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.25
0.25
0.26
0.26
0.26
0.26
0.26
0.2
- -
- -
- -
- -
- -
0.07
0.08
Depreciation Expense
8
8
9
12
17
18
22
19
42
43
27
26
26
33
39
Basic Weighted Avg Shares
293
293
293
293
293
293
293
293
293
293
293
269
348
391
396
Basic EPS, GAAP
0.44
0.45
0.44
0.46
0.2
0.44
0.13
0.04
-0.03
0.04
-0.65
-0.14
0.18
0.23
0.4
Basic EPS from Cont Ops
0.46
0.46
0.44
0.46
0.21
0.48
0.2
0.05
-0.03
0.04
-0.66
-0.13
0.17
0.23
0.39
Diluted Weighted Avg Shares
293
293
293
293
293
293
293
293
293
293
293
269
348
391
396
Diluted EPS, GAAP
0.44
0.45
0.44
0.46
0.2
0.44
0.13
0.04
-0.03
0.04
-0.65
-0.14
0.18
0.23
0.4
Diluted EPS from Cont Ops
0.46
0.46
0.44
0.46
0.21
0.48
0.2
0.05
-0.03
0.04
-0.66
-0.13
0.17
0.23
0.39

Balance Sheet (EUR)

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
2,586
2,484
2,189
2,210
3,268
3,266
3,548
3,210
3,649
3,332
3,275
4,201
3,929
4,037
5,297
+ Cash, Cash Equivalents & STI
776
689
667
700
774
753
638
747
953
932
677
970
1,034
1,019
1,143
+ Cash & Cash Equivalents
707
617
591
628
709
688
570
681
888
932
667
960
1,034
1,018
1,143
+ ST Investments
69
72
76
72
65
65
68
66
65
- -
10
11
- -
- -
- -
+ Accounts & Notes Receiv
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Accounts Receivable, Net
1,584
1,595
1,239
1,217
2,116
2,031
2,594
2,285
2,484
2,205
2,460
3,052
2,621
2,720
3,803
+ Notes Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Loans Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Receivable, Net
-1,584
-1,595
-1,239
-1,217
-2,116
-2,031
-2,594
-2,285
-2,484
-2,205
-2,460
-3,052
-2,621
-2,720
-3,803
+ Inventories
21
26
24
23
22
17
18
23
5
9
9
8
7
7
7
+ Raw Materials
2
1
1
8
5
4
- -
- -
2
2
2
1
- -
- -
- -
+ Work In Process
2
6
6
1
- -
- -
14
19
- -
- -
- -
- -
- -
- -
- -
+ Finished Goods
- -
- -
- -
- -
- -
- -
4
4
4
7
7
7
7
7
7
+ Inventory Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Inventory
17
19
17
15
17
13
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other ST Assets
1,789
1,770
1,498
1,487
2,472
2,496
2,892
2,440
2,690
2,391
2,590
3,223
2,889
3,012
4,147
+ Misc ST Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Prepaid Expenses
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Assets Held-for-Sale
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Noncurrent Assets
121
162
174
229
345
333
338
515
632
605
609
615
572
592
584
+ Property, Plant & Equip, Net
32
34
42
52
64
63
44
35
94
55
64
61
64
108
118
+ Property, Plant & Equip
75
83
98
117
145
157
151
131
238
214
178
189
140
213
185
- Accumulated Depreciation
43
49
56
65
81
94
107
97
144
159
114
129
76
106
67
+ LT Investments & Receivables
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Investments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Receivables
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other LT Assets
89
128
132
177
281
270
294
480
538
550
544
555
508
484
466
+ Total Intangible Assets
51
71
71
62
66
7
6
56
54
51
49
47
45
44
42
+ Goodwill
1
1
1
1
1
1
1
1
1
- -
- -
- -
- -
- -
- -
+ Other Intangible Assets
49
70
70
60
65
6
5
55
53
51
49
47
45
44
42
+ LT Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Assets
38
57
61
115
215
263
288
424
483
499
496
508
463
440
424
Total Assets
2,707
2,646
2,363
2,439
3,613
3,599
3,886
3,725
4,280
3,936
3,883
4,816
4,501
4,629
5,881
+ Payables & Accruals
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Accounts Payable
2,144
1,642
1,524
1,494
2,218
2,260
2,636
2,492
2,796
2,485
2,533
1,036
1,054
1,093
1,104
+ Accrued Taxes
39
27
48
49
87
68
64
27
121
52
15
27
18
21
27
+ Interest & Dividends Payable
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Payables & Accruals
-2,182
-1,669
-1,572
-1,543
-2,304
-2,328
-2,701
-2,520
-2,917
-2,536
-2,547
-1,063
-1,071
-1,113
-1,131
+ ST Debt
6
3
4
4
82
85
292
99
311
381
280
219
325
306
177
+ ST Borrowings
5
3
4
4
82
85
292
99
286
364
267
202
305
284
151
+ ST Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
25
17
13
17
20
22
26
+ Other ST Liabilities
2,268
2,129
1,836
1,847
2,915
2,854
2,950
2,780
3,216
2,782
2,857
3,557
3,118
3,227
4,273
+ Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc ST Liabilities
2,268
2,129
1,836
1,847
2,915
2,854
2,950
2,780
3,216
2,782
2,857
3,557
3,118
3,227
4,273
Total Current Liabilities
2,274
2,132
1,840
1,851
2,997
2,939
3,243
2,880
3,527
3,162
3,138
3,776
3,443
3,533
4,450
+ LT Debt
31
31
26
24
158
156
93
389
315
378
504
810
582
582
727
+ LT Borrowings
30
31
26
24
158
155
92
388
297
372
476
775
556
516
661
+ LT Finance Leases
1
1
- -
- -
- -
- -
- -
- -
19
6
28
35
26
67
66
+ Other LT Liabilities
53
39
58
108
61
63
87
98
108
112
137
147
152
114
140
+ Accrued Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Pension Liabilities
6
7
9
10
4
2
2
2
3
2
2
2
4
4
3
+ Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Liabilities
47
32
49
97
57
61
85
95
105
110
135
144
149
110
137
Total Noncurrent Liabilities
84
71
84
132
219
219
180
487
423
490
641
957
734
696
867
Total Liabilities
2,358
2,203
1,924
1,983
3,216
3,158
3,422
3,366
3,950
3,652
3,779
4,733
4,176
4,230
5,317
+ Preferred Equity and Hybrid Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Share Capital & APIC
14
14
14
14
14
14
14
14
14
14
14
14
164
164
164
+ Common Stock
6
6
6
6
6
6
6
6
6
6
6
6
8
8
8
+ Additional Paid in Capital
9
9
9
9
9
9
9
9
9
9
9
9
156
156
156
- Treasury Stock
73
73
73
73
74
73
73
74
74
73
73
73
74
74
75
+ Retained Earnings
466
519
558
614
586
619
551
446
434
439
249
211
274
364
519
+ Other Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Equity Before Minority Interest
341
432
434
453
394
438
445
345
317
273
95
71
314
389
554
+ Minority/Non Controlling Interest
9
12
4
3
4
4
18
14
13
11
10
12
11
11
10
Total Equity
349
444
439
456
398
442
463
359
330
284
105
83
325
400
564
Total Liabilities & Equity
2,707
2,646
2,363
2,439
3,613
3,599
3,886
3,725
4,280
3,936
3,883
4,816
4,501
4,629
5,881
Shares Outstanding
61
59
59
59
59
59
59
59
59
59
59
59
78
78
78
Number of Employees
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Capital Leases - Total
1
1
- -
- -
- -
- -
- -
- -
44
22
41
52
46
89
92
Net Debt
-672
-583
-561
-601
-469
-448
-186
-193
-305
-195
76
17
-173
-219
-332
Net Debt to Equity
-192.4
-131.4
-127.88
-131.84
-118.08
-101.43
-40.04
-53.79
-92.53
-68.89
72.62
21.02
-53.24
-54.76
-58.84
Tangible Common Equity Ratio
11.24
14.46
16.04
16.58
9.35
12.11
11.79
8.24
6.52
5.99
1.46
0.76
6.27
7.75
8.93
Current Ratio
1.14
1.17
1.19
1.19
1.09
1.11
1.09
1.11
1.03
1.05
1.04
1.11
1.14
1.14
1.19
Cash Conversion Cycle
-190.38
-165.46
-110.3
-120.32
-75.91
-79.31
-51.51
-66.21
-75.66
-130.33
-125.72
44.65
125.73
98.35
104.39

Cash Flow Statement (EUR)

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
135
136
128
134
60
129
59
14
-10
13
-192
-34
60
89
156
+ Depreciation & Amortization
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Non-Cash Items
16
-35
22
43
32
90
-21
61
128
-57
27
51
63
8
53
+ Stock-Based Compensation
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Income Taxes
20
21
22
31
22
53
27
8
66
7
12
16
44
57
82
+ Asset Impairment Charge
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Non-Cash Adj
-4
-56
- -
11
10
37
-48
54
62
-64
14
35
19
-49
-28
+ Chg in Non-Cash Work Cap
165
-101
-66
-39
-111
-160
-207
32
33
-72
-102
67
-39
-14
-68
+ (Inc) Dec in Accts Receiv
261
23
251
17
-951
-52
-397
186
-233
260
-217
-596
360
-85
-1,180
+ (Inc) Dec in Inventories
-3
-5
1
- -
3
5
-1
-5
19
-4
- -
-1
1
- -
- -
+ (Inc) Dec in Prepaid Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inc (Dec) in Accts Payable
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inc (Dec) in Other
-93
-119
-318
-56
838
-112
191
-149
246
-328
115
664
-401
71
1,111
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Operating Activities
317
1
85
138
-18
59
-169
108
151
-117
-267
84
83
83
142
+ Change in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp of Fixed Prod Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Fixed & Intang
-12
-16
-18
-22
-38
-17
-14
-6
-14
-4
-3
-3
-14
-7
-16
+ Acq of Fixed Prod Assets
-9
-11
-16
-20
-30
-15
-13
-4
-13
-4
-2
-3
-14
-7
-16
+ Acq of Intangible Assets
-3
-5
-1
-2
-8
-2
-1
-2
-1
- -
-1
- -
- -
- -
- -
+ Cash (Repurchase) of Equity
-17
- -
- -
- -
-1
2
-1
-1
- -
- -
- -
- -
150
- -
- -
+ Increase in Capital Stock
- -
- -
- -
- -
- -
2
- -
- -
- -
- -
- -
- -
150
- -
- -
+ Decrease in Capital Stock
-17
- -
- -
- -
-1
- -
-1
-1
- -
- -
- -
- -
- -
- -
- -
+ Net Change in LT Investment
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Dec in LT Investment
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inc in LT Investment
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Net Cash From Acq & Div
- -
- -
- -
-2
-2
-12
-3
-1
2
28
15
2
- -
- -
- -
+ Cash from Divestitures
- -
- -
- -
- -
- -
- -
- -
- -
2
28
15
2
- -
- -
- -
+ Cash for Acq of Subs
- -
- -
- -
-2
-2
-12
-3
-1
-1
- -
- -
- -
- -
- -
- -
+ Cash for JVs
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Investing Activities
- -
3
1
1
2
-3
3
1
- -
7
2
- -
- -
- -
- -
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Investing Activities
-12
-13
-17
-23
-38
-31
-14
-6
-12
31
14
-1
-14
-7
-16
+ Dividends Paid
-73
-73
-75
-75
-75
-75
-75
-57
- -
- -
- -
- -
- -
-26
-31
+ Net Cash From Debt
-26
-5
-4
-3
- -
25
141
68
96
158
7
230
-125
-65
30
+ Cash From Debt
4
- -
- -
- -
- -
182
525
411
863
718
718
462
277
420
776
+ Repayments of Debt
-30
-5
-4
-3
- -
-157
-384
-343
-767
-560
-710
-232
-402
-485
-746
+ Other Financing Activities
- -
- -
-15
- -
212
- -
- -
- -
-28
-28
-19
-20
-21
- -
- -
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Financing Activities
-116
-78
-93
-78
136
-48
65
9
68
130
-12
210
5
-91
-1
Effect of Foreign Exchange Rates
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Changes in Cash
189
-91
-26
38
80
-21
-118
111
207
44
-265
293
74
-15
125
EBITDA
157
165
164
187
117
226
121
82
112
84
-163
7
163
186
296
EBITDA Margin (%)
6.02
6.22
5.78
5.95
2.79
4.73
2.39
1.86
2.38
2.38
-5.82
0.17
3.94
4.18
4.58
Free Cash Flow
305
-15
67
116
-56
42
-183
102
137
-121
-270
81
69
76
126
Net Cash Paid for Acquisitions
- -
- -
- -
2
2
12
3
1
-2
-28
-15
-2
- -
- -
- -
Free Cash Flow to Firm
308
-11
71
119
-53
47
-177
108
135
-110
- -
- -
92
100
152
Free Cash Flow to Equity
282
-15
64
115
-48
69
-41
172
234
38
-262
311
-55
11
156
Free Cash Flow per Basic Share
1.04
-0.05
0.23
0.4
-0.19
0.14
-0.63
0.35
0.47
-0.41
-0.92
0.3
0.2
0.19
0.32
Price/Free Cash Flow
- -
88.53
17.06
12.48
110.84
20.38
-8.71
12.96
7.74
-10.43
-4.76
14.18
16.97
11.07
15.19
Cash Flow to Net Income
2.44
0.01
0.66
1.02
-0.3
0.46
-4.29
9
-16.38
-10.55
1.4
-2.26
1.36
0.92
0.9
Capital Expenditures
-12
-16
-18
-22
-38
-17
-14
-6
-14
-4
-3
-3
-14
-7
-16