2018 Q4 Form 10-K Financial Statement

#000106528019000043 Filed on January 29, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2017 Q4 2017 Q3
Revenue $4.187B $3.286B $2.985B
YoY Change 27.42% 32.62% 30.33%
Cost Of Revenue $3.069B $2.214B $2.086B
YoY Change 38.61% 28.76% 30.9%
Gross Profit $1.453B $1.071B $898.6M
YoY Change 35.66% 30.17% 18.65%
Gross Profit Margin 34.71% 32.61% 30.11%
Selling, General & Admin $625.0M $579.0M $459.8M
YoY Change 7.95% 45.48% 17.03%
% of Gross Profit 43.0% 54.04% 51.16%
Research & Development $276.8M $247.1M $255.2M
YoY Change 12.0% 20.02% 18.11%
% of Gross Profit 19.04% 23.07% 28.4%
Depreciation & Amortization $2.086B $1.745B $1.647B
YoY Change 19.52% 27.95% 32.96%
% of Gross Profit 143.51% 162.9% 183.25%
Operating Expenses $901.8M $826.1M $715.0M
YoY Change 9.16% 36.8% 17.41%
Operating Profit $551.6M $245.3M $208.6M
YoY Change 124.88% 59.36% 96.75%
Interest Expense -$96.40M -$114.0M $60.69M
YoY Change -15.44% 78.96% 70.78%
% of Operating Profit -17.48% -46.47% 29.09%
Other Income/Expense, Net -$31.70M
YoY Change -467.47%
Pretax Income $119.4M $131.3M $116.2M
YoY Change -9.06% 45.4% 46.9%
Income Tax -$23.20M $79.10M -$13.35M
% Of Pretax Income -19.43% 60.24% -11.49%
Net Earnings $133.9M $185.5M $129.6M
YoY Change -27.8% 177.94% 151.55%
Net Earnings / Revenue 3.2% 5.65% 4.34%
Basic Earnings Per Share $0.31 $0.43 $0.30
Diluted Earnings Per Share $0.30 $0.41 $0.29
COMMON SHARES
Basic Shares Outstanding 436.6M shares 432.4M shares
Diluted Shares Outstanding 447.4M shares

Balance Sheet

Concept 2018 Q4 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.794B $2.823B $1.746B
YoY Change 34.4% 62.8% 30.01%
Cash & Equivalents $3.794B $2.823B $1.746B
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $748.5M $536.2M $415.5M
YoY Change 39.58% 106.09% 90.38%
Inventory
Prepaid Expenses $178.8M
Receivables $362.7M $4.311B $4.223B
Other Receivables $206.9M $0.00 $0.00
Total Short-Term Assets $9.694B $7.670B $6.385B
YoY Change 26.39% 34.08% 22.94%
LONG-TERM ASSETS
Property, Plant & Equipment $418.3M $319.4M $322.4M
YoY Change 30.96% 27.56% 68.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $910.8M $652.3M $504.1M
YoY Change 39.63% 91.06% 77.55%
Total Long-Term Assets $16.28B $11.34B $10.57B
YoY Change 43.53% 44.19% 47.71%
TOTAL ASSETS
Total Short-Term Assets $9.694B $7.670B $6.385B
Total Long-Term Assets $16.28B $11.34B $10.57B
Total Assets $25.97B $19.01B $16.95B
YoY Change 36.62% 39.94% 37.29%
SHORT-TERM LIABILITIES
YoY Change 12.19% 14.87% 18.44%
Accounts Payable $563.0M $359.6M $301.4M
YoY Change 56.58% 14.93% 5.49%
Accrued Expenses $481.9M $315.1M $331.7M
YoY Change 52.93% 59.43% 64.85%
Deferred Revenue $761.0M $618.6M
YoY Change 23.02%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.487B $5.466B $5.311B
YoY Change 18.68% 19.18% 20.39%
LONG-TERM LIABILITIES
Long-Term Debt $10.36B $6.499B $4.889B
YoY Change 59.4% 93.19% 105.93%
Other Long-Term Liabilities $129.2M $135.2M $128.2M
YoY Change -4.45% 121.03% 121.78%
Total Long-Term Liabilities $14.25B $9.964B $8.314B
YoY Change 42.99% 57.66% 53.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.487B $5.466B $5.311B
Total Long-Term Liabilities $14.25B $9.964B $8.314B
Total Liabilities $20.74B $15.43B $13.62B
YoY Change 34.38% 41.48% 38.76%
SHAREHOLDERS EQUITY
Retained Earnings $2.942B $1.731B $1.546B
YoY Change 69.97% 53.39% 45.56%
Common Stock $2.316B $1.871B $1.807B
YoY Change 23.76% 16.98% 20.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.239B $3.582B $3.327B
YoY Change
Total Liabilities & Shareholders Equity $25.97B $19.01B $16.95B
YoY Change 36.62% 39.94% 37.29%

Cashflow Statement

Concept 2018 Q4 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income $133.9M $185.5M $129.6M
YoY Change -27.8% 177.94% 151.55%
Depreciation, Depletion And Amortization $2.086B $1.745B $1.647B
YoY Change 19.52% 27.95% 32.96%
Cash From Operating Activities -$1.235B -$487.9M -$419.6M
YoY Change 153.15% -12.44% -9.16%
INVESTING ACTIVITIES
Capital Expenditures -$77.60M -$32.10M $33.96M
YoY Change 141.74% -59.77% 24.11%
Acquisitions
YoY Change
Other Investing Activities -$2.700M -$3.700M $1.107M
YoY Change -27.03% -103.55% -985.6%
Cash From Investing Activities -$80.30M -$35.90M $202.2M
YoY Change 123.68% -246.53% 743.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.054B 1.598B $34.42M
YoY Change 28.52% 53.3% 106.88%
NET CHANGE
Cash From Operating Activities -1.235B -487.9M -$419.6M
Cash From Investing Activities -80.30M -35.90M $202.2M
Cash From Financing Activities 2.054B 1.598B $34.42M
Net Change In Cash 738.4M 1.074B -$183.0M
YoY Change -31.26% 110.75% -56.57%
FREE CASH FLOW
Cash From Operating Activities -$1.235B -$487.9M -$419.6M
Capital Expenditures -$77.60M -$32.10M $33.96M
Free Cash Flow -$1.158B -$455.8M -$453.6M
YoY Change 153.95% -4.52% -7.3%

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CY2018 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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0 USD
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65121000 USD
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0 USD
CY2018 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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260507000 USD
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169860000 USD
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257556000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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1866000 USD
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6642000 USD
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7261000 USD
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6404000 USD
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CY2016 us-gaap Income Tax Reconciliation Tax Credits Research
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41144000 USD
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52294000 USD
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MarketingExpense
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MarketingExpense
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MarketingExpense
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CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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CY2017Q2 us-gaap Net Income Loss
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CY2017Q3 us-gaap Net Income Loss
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126000 USD
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378000 USD
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0 USD
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27409000 USD
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975000 USD
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207000 USD
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599000 USD
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0 USD
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975000 USD
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10000000 shares
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0 shares
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0 shares
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0 shares
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0 shares
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1000000000 USD
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0 USD
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230000 USD
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255000 USD
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37000000 USD
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88000000 USD
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125000000 USD
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129000 USD
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16260000 USD
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5643000 USD
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17558000 USD
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1731117000 USD
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2477541000 USD
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2785464000 USD
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2984859000 USD
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3285755000 USD
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3700856000 USD
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3907270000 USD
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0
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0
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0.50
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0.37
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0.42
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0.40
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0.34
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0.40
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0.0245
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0.0157
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0.0224
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0.0261
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464000000 USD
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863000000 USD
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1561 shares
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2135 shares
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2550038 shares
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48.85
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71.45
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157.19
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CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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32.39
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44.83
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61.13
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89.61
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3748339000 USD
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20479278 shares
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89.61
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17.48
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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26.79
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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38.66
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
3.25
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
4.60
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102.03
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
159.56
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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311.66
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P10Y
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P5Y8M16D
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3338474 shares
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3205911 shares
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36979000 USD
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89425000 USD
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123935000 USD
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2223426000 USD
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StockholdersEquity
2679800000 USD
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StockholdersEquity
3581956000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
5238765000 USD
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-7000000 USD
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19739000 USD
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42902000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
47534000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
48000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
3226000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
17922000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
26389000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
18068000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
4486000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
38000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
44000000 USD
CY2017Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
10200000000 USD
CY2018Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
10800000000 USD
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
438652000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
446814000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
451244000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
428822000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
431885000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
435374000 shares
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:6px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Significant items subject to such estimates and assumptions include the streaming content asset amortization policy and the recognition and measurement of income tax assets and liabilities. The Company bases its estimates on historical experience and on various other assumptions that the Company believes to be reasonable under the circumstances. On an ongoing basis, the Company evaluates these assumptions, judgments and estimates. Actual results may differ from these estimates.</font></div></div>

Files In Submission

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0001065280-19-000043-index-headers.html Edgar Link completed
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0001065280-19-000043.txt Edgar Link pending
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