Travelzoo

Travelzoo

TZOO
TravelzooUS flagNASDAQ Global Select
11.42
USD
-0.34
- -
117.39MMarket Cap

Income Statement (USD)

APIChatGPT
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
148
151
171
153
124
114
107
111
105
54
63
71
84
84
92
+ Sales & Services Revenue
148
151
171
153
124
114
107
111
105
54
63
71
84
84
92
- Cost of Revenue
13
16
18
19
18
14
13
12
11
11
11
10
11
10
18
+ Cost of Goods & Services
13
16
18
19
18
14
13
12
11
11
11
10
11
10
18
Gross Profit
135
135
152
134
106
100
94
99
93
43
51
61
74
73
74
+ Other Operating Income
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Operating Expenses
120
110
151
116
102
90
89
91
76
54
53
53
58
55
67
+ Selling, General & Admin
100
107
120
113
90
81
80
82
70
51
50
51
56
53
64
+ Research & Development
- -
- -
9
11
12
9
9
9
7
3
3
2
2
2
3
+ Other Operating Expense
20
3
22
-8
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Income (Loss)
15
25
1
18
4
10
5
8
17
-11
-1
8
16
18
7
- Non-Operating (Income) Loss
- -
- -
- -
- -
1
- -
- -
- -
- -
2
-4
-2
-2
-1
-1
+ Interest Expense, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Interest Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Interest Income
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Non-Op (Income) Loss
- -
- -
- -
- -
1
- -
- -
- -
- -
2
-4
-2
-2
-1
-1
Pretax Income
15
26
1
18
3
10
5
8
17
-14
3
10
17
19
8
- Income Tax Expense (Benefit)
12
8
8
5
-6
4
3
4
5
-2
2
3
5
5
3
- (Income) Loss from Affiliates
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Income (Loss) from Cont Ops
3
18
-7
13
9
6
2
5
12
-11
1
7
12
14
5
- Net Extraordinary Losses (Gains)
- -
- -
- -
- -
-2
-1
-2
- -
8
1
- -
- -
- -
- -
1
+ Discontinued Operations
- -
- -
- -
- -
2
1
2
- -
-8
-3
- -
- -
- -
- -
- -
+ Extraord. & Accounting Changes
- -
- -
- -
- -
-5
-1
-4
- -
16
4
- -
- -
-1
- -
1
Income (Loss) Incl. MI
3
18
-7
13
11
7
4
5
4
-12
1
7
12
13
4
- Minority Interest
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
- -
- -
- -
- -
- -
Net Income, GAAP
3
18
-7
13
11
7
4
5
4
-13
1
7
12
14
5
- Preferred Dividends
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Other Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income Avail to Common, GAAP
3
18
-7
13
11
7
4
5
4
-13
1
7
12
14
5
EBIT
15
25
1
18
4
10
5
8
17
-11
-1
8
16
18
7
EBITDA
18
28
4
21
7
13
7
10
18
-9
1
10
17
19
7
EBITDA Margin (%)
11.96
18.54
2.51
13.57
5.33
11.13
6.21
9.04
17.5
-16.49
0.81
13.8
20.67
23.13
7.86
EBITA
15
25
1
18
4
10
5
8
17
-11
-1
8
16
18
7
Gross Margin (%)
91.05
89.58
89.17
87.49
85.36
87.87
87.88
88.98
89.1
80.29
81.84
85.83
87.06
87.52
80.29
Operating Margin (%)
10.13
16.86
0.68
11.62
3.08
8.91
4.27
7.4
16.24
-20.81
-2.09
10.7
18.43
22.05
7.53
Profit Margin (%)
2.24
12.04
-3.86
8.52
8.76
5.8
3.31
4.19
3.96
-25.04
1.45
9.4
14.64
16.17
5.12
Sales per Employee
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
3
3
3
3
3
3
2
2
1
2
2
2
2
1
- -
Basic Weighted Avg Shares
16
16
15
15
15
14
13
12
12
11
12
12
15
13
11
Basic EPS, GAAP
0.2
1.15
-0.43
0.88
0.74
0.47
0.27
0.38
0.35
-1.18
0.08
0.54
0.83
1.08
0.42
Basic EPS from Cont Ops
0.2
1.15
-0.43
0.88
0.58
0.43
0.12
0.38
1.04
-0.99
0.08
0.54
0.81
1.09
0.45
Diluted Weighted Avg Shares
16
16
15
15
15
14
13
13
12
11
13
12
15
13
11
Diluted EPS, GAAP
0.2
1.14
-0.43
0.88
0.74
0.47
0.27
0.37
0.35
-1.18
0.07
0.54
0.83
1.06
0.41
Diluted EPS from Cont Ops
0.2
1.14
-0.43
0.88
0.58
0.43
0.12
0.37
1.02
-0.99
0.07
0.54
0.8
1.06
0.43

Balance Sheet (USD)

APIChatGPT
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
60
86
101
79
57
44
37
33
36
70
65
36
31
32
23
+ Cash, Cash Equivalents & STI
39
61
66
55
35
27
23
18
19
63
44
19
16
17
10
+ Cash & Cash Equivalents
39
61
66
55
35
27
23
18
19
63
44
19
16
17
10
+ ST Investments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Accounts & Notes Receiv
13
14
14
16
16
14
12
13
11
5
15
14
13
13
11
+ Accounts Receivable, Net
13
14
14
16
16
14
12
13
11
5
15
14
13
13
11
+ Notes Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Loans Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inventories
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Raw Materials
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Work In Process
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Finished Goods
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inventory Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Inventory
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other ST Assets
8
12
21
8
6
3
3
3
6
2
6
3
2
2
3
+ Misc ST Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Prepaid Expenses
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Assets Held-for-Sale
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Noncurrent Assets
8
12
13
14
12
9
8
10
18
32
35
32
25
23
22
+ Property, Plant & Equip, Net
4
4
8
9
8
6
5
4
11
10
8
8
7
6
4
+ Property, Plant & Equip
10
13
19
23
23
23
22
22
29
28
26
21
11
11
9
- Accumulated Depreciation
7
9
11
13
15
17
17
18
18
18
18
13
5
5
5
+ LT Investments & Receivables
- -
- -
- -
- -
- -
- -
- -
3
2
- -
- -
- -
- -
- -
- -
+ LT Investments
- -
- -
- -
- -
- -
- -
- -
3
2
- -
- -
- -
- -
- -
- -
+ LT Receivables
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other LT Assets
5
7
5
4
4
3
4
4
5
22
26
24
18
17
18
+ Total Intangible Assets
1
1
- -
- -
- -
- -
- -
- -
- -
15
14
15
13
12
12
+ Goodwill
- -
- -
- -
- -
- -
- -
- -
- -
- -
11
11
11
11
11
11
+ Other Intangible Assets
1
1
- -
- -
- -
- -
- -
- -
- -
5
3
4
2
1
1
+ LT Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Assets
4
6
5
4
4
3
4
4
5
7
12
9
5
4
5
Total Assets
68
98
115
93
69
54
46
43
55
102
100
67
55
55
45
+ Payables & Accruals
25
33
51
33
29
25
24
22
24
67
76
39
28
26
22
+ Accounts Payable
22
29
32
27
24
20
19
17
6
7
3
4
5
6
8
+ Accrued Taxes
- -
- -
- -
1
- -
1
1
- -
1
- -
- -
- -
1
2
- -
+ Interest & Dividends Payable
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Payables & Accruals
2
4
19
6
5
5
4
4
16
60
72
35
23
18
14
+ ST Debt
- -
- -
- -
1
6
- -
- -
- -
5
6
3
3
3
2
2
+ ST Borrowings
- -
- -
- -
1
6
- -
- -
- -
- -
3
- -
- -
- -
- -
- -
+ ST Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
5
4
3
3
3
2
2
+ Other ST Liabilities
6
11
20
9
6
5
5
5
6
10
9
6
4
8
10
+ Deferred Revenue
2
- -
- -
1
- -
- -
- -
- -
1
- -
- -
- -
- -
- -
- -
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc ST Liabilities
4
11
20
7
6
5
5
5
6
10
9
6
4
8
10
Total Current Liabilities
31
44
71
43
41
30
30
27
35
83
88
48
34
36
34
+ LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
8
12
9
8
7
6
4
+ LT Borrowings
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
- -
- -
- -
- -
- -
+ LT Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
8
11
9
8
7
6
4
+ Other LT Liabilities
3
11
13
14
6
6
3
3
1
1
2
3
6
8
9
+ Accrued Liabilities
1
1
2
3
3
3
3
2
- -
- -
- -
- -
- -
- -
- -
+ Pension Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Liabilities
2
10
10
11
3
3
- -
- -
1
1
2
3
6
8
9
Total Noncurrent Liabilities
3
11
13
14
6
6
3
3
9
13
11
11
12
14
13
Total Liabilities
34
54
83
57
47
35
33
29
44
96
99
58
46
50
48
+ Preferred Equity and Hybrid Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Share Capital & APIC
8
9
10
31
8
- -
- -
- -
- -
6
5
23
1
- -
- -
+ Common Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Additional Paid in Capital
8
9
10
31
8
- -
- -
- -
- -
6
4
23
- -
- -
- -
- Treasury Stock
15
8
16
22
- -
- -
- -
- -
- -
- -
5
7
- -
- -
- -
+ Retained Earnings
43
43
37
29
17
22
17
18
14
- -
1
7
20
14
7
+ Other Equity
-1
-1
-1
-3
-4
-4
-4
-4
-3
-4
-4
-5
-5
-5
-5
Equity Before Minority Interest
35
43
31
36
21
18
13
14
11
2
-4
4
4
- -
-8
+ Minority/Non Controlling Interest
- -
- -
- -
- -
- -
- -
- -
- -
- -
5
5
5
5
5
5
Total Equity
35
43
31
36
21
18
13
14
11
6
- -
9
9
4
-2
Total Liabilities & Equity
68
98
115
93
69
54
46
43
55
102
100
67
55
55
45
Shares Outstanding
16
15
15
15
15
13
12
12
11
11
12
16
14
12
11
Number of Employees
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Capital Leases - Total
- -
- -
- -
- -
- -
- -
- -
- -
13
14
12
11
9
8
6
Net Debt
-39
-61
-66
-54
-29
-27
-23
-18
-19
-59
-44
-19
-16
-17
-10
Net Debt to Equity
-111.46
-141.14
-211.34
-151.89
-137.79
-148.57
-172.45
-128.15
-172.54
-913.82
-11,906.25
-211.2
-176.89
-392.01
413.17
Tangible Common Equity Ratio
50.34
43.73
27.04
38.29
31.19
33.75
28.63
32.38
19.92
-10.33
-16.4
-10.9
-9.8
-19.13
-45.17
Current Ratio
1.96
1.98
1.44
1.84
1.39
1.49
1.26
1.24
1.03
0.85
0.74
0.75
0.9
0.87
0.68
Cash Conversion Cycle
-402.25
-551.93
-567.65
-522.13
-460.09
-522.05
-503.94
-498.99
-333.74
-177.59
-110.35
-65.99
-89.3
-130.57
-91.51

Cash Flow Statement (USD)

APIChatGPT
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
3
18
-7
13
11
7
4
5
4
-15
1
7
12
14
5
+ Depreciation & Amortization
3
3
3
3
3
3
2
2
1
2
2
2
2
1
- -
+ Non-Cash Items
- -
-1
2
2
1
1
-2
1
2
9
1
-2
1
1
1
+ Stock-Based Compensation
1
1
1
1
- -
1
1
1
1
6
4
2
2
2
1
+ Deferred Income Taxes
-1
-2
1
- -
- -
- -
- -
- -
- -
-3
1
1
- -
-1
-1
+ Asset Impairment Charge
- -
- -
- -
- -
- -
- -
- -
- -
- -
3
- -
- -
- -
- -
- -
+ Other Non-Cash Adj
- -
- -
- -
- -
- -
- -
-3
- -
1
3
-4
-4
-1
- -
- -
+ Chg in Non-Cash Work Cap
9
17
17
-19
-10
-1
-2
-2
3
51
-12
-30
-4
5
- -
+ (Inc) Dec in Accts Receiv
-3
5
3
-2
2
2
3
-1
-1
6
-10
1
1
- -
2
+ (Inc) Dec in Inventories
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ (Inc) Dec in Prepaid Assets
-1
- -
-1
1
1
1
- -
- -
-1
1
-11
3
5
1
- -
+ Inc (Dec) in Accts Payable
12
9
5
-7
-3
-4
-2
- -
3
41
9
-35
-13
-2
-5
+ Inc (Dec) in Other
2
4
10
-11
-9
- -
-3
- -
2
3
-1
- -
2
6
2
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Operating Activities
16
37
16
-2
4
9
2
5
11
47
-8
-23
11
21
6
+ Change in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
- -
- -
- -
- -
- -
+ Disp of Fixed Prod Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
- -
- -
- -
- -
- -
+ Disp of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Fixed & Intang
-2
-3
-6
-4
-1
-1
-1
-1
- -
- -
- -
-2
- -
- -
- -
+ Acq of Fixed Prod Assets
-2
-3
-6
-4
-1
-1
-1
-1
- -
- -
- -
- -
- -
- -
- -
+ Acq of Intangible Assets
- -
-1
- -
- -
- -
- -
- -
- -
- -
- -
- -
-1
- -
- -
- -
+ Cash (Repurchase) of Equity
-15
-23
-8
-6
-2
-10
-10
-5
-11
-1
-5
-1
-17
-19
-13
+ Increase in Capital Stock
- -
-12
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
- -
- -
- -
+ Decrease in Capital Stock
-15
-12
-8
-6
-2
-10
-10
-5
-11
-1
-5
-2
-17
-19
-13
+ Net Change in LT Investment
- -
- -
- -
- -
- -
- -
- -
- -
-1
- -
- -
- -
- -
- -
- -
+ Dec in LT Investment
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inc in LT Investment
- -
- -
- -
- -
- -
- -
- -
- -
-1
- -
- -
- -
- -
- -
- -
+ Net Cash From Acq & Div
- -
- -
- -
- -
- -
- -
- -
-3
- -
2
- -
- -
- -
- -
- -
+ Cash from Divestitures
- -
- -
- -
- -
- -
- -
- -
- -
- -
3
- -
- -
- -
- -
- -
+ Cash for Acq of Subs
- -
- -
- -
- -
- -
- -
- -
-3
- -
-1
- -
- -
- -
- -
- -
+ Cash for JVs
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Investing Activities
- -
- -
2
- -
- -
- -
3
- -
- -
- -
- -
- -
- -
- -
- -
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Investing Activities
-2
-4
-4
-4
-1
-1
2
-4
-1
2
- -
-1
- -
- -
- -
+ Dividends Paid
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Net Cash From Debt
- -
- -
- -
1
-1
-11
- -
- -
- -
-15
- -
- -
3
2
- -
+ Cash From Debt
- -
- -
- -
1
2
- -
- -
- -
- -
4
- -
- -
3
2
- -
+ Repayments of Debt
- -
- -
- -
- -
-4
-11
- -
- -
- -
-19
- -
- -
- -
- -
- -
+ Other Financing Activities
- -
12
-1
- -
-17
6
- -
- -
2
10
-6
2
- -
-2
- -
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Financing Activities
-15
-12
-8
-5
-20
-15
-10
-5
-9
-7
-11
1
-14
-19
-13
Effect of Foreign Exchange Rates
-1
1
- -
-3
-3
-1
1
-1
- -
2
- -
-2
1
-1
- -
Net Changes in Cash
-2
21
4
-10
-17
-7
-5
-4
1
42
-19
-23
-4
2
-7
EBITDA
18
28
4
21
7
13
7
10
18
-9
1
10
17
19
7
EBITDA Margin (%)
11.96
18.54
2.51
13.57
5.33
11.13
6.21
9.04
17.5
-16.49
0.81
13.8
20.67
23.13
7.86
Free Cash Flow
13
33
10
-5
3
8
1
5
11
47
-8
-25
10
21
6
Net Cash Paid for Acquisitions
- -
- -
- -
- -
- -
- -
- -
3
- -
-2
- -
- -
- -
- -
- -
Free Cash Flow to Firm
13
33
10
-5
- -
8
1
5
11
- -
-8
-25
10
21
6
Free Cash Flow to Equity
13
34
10
-4
2
-4
1
5
11
32
-8
-24
13
23
6
Free Cash Flow per Basic Share
0.81
2.1
0.68
-0.37
0.2
0.56
0.1
0.37
0.91
4.12
-0.7
-1.99
0.7
1.66
0.5
Price/Free Cash Flow
22.3
7.53
15.16
83.96
22.51
13.66
29.55
20.26
11
2.27
-15.19
-2.55
13.05
12.05
14.27
Cash Flow to Net Income
4.71
2.02
-2.43
-0.12
0.39
1.32
0.59
1.14
2.7
-3.5
-8.87
-3.49
0.86
1.56
1.2
Capital Expenditures
-2
-3
-6
-4
-1
-1
-1
-1
- -
- -
- -
-2
- -
- -
- -