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Simon Property Group Inc

SPG
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220.360USD
-1.370-0.62%
Market hours 11/03, 11:36(ET)
71.30BMarket Cap
15.33P/E TTM

SPG Balance Sheet

You can check out the annual or quarterly balance sheets of Simon Property Group Inc here to evaluate the financial health, analyze fundamentals, and calculate key ratios for liquidity, leverage, and return on equity.
Quarterly
Quarterly+Annual
Quarterly
Annual
FY2026Q2
FY2026Q1
FY2025Q4
FY2025Q3
FY2025Q2
FY2025Q1
FY2024Q4
FY2024Q3
FY2024Q2
FY2024Q1
FY2023Q4
FY2023Q3
FY2023Q2
FY2023Q1
FY2022Q4
FY2022Q3
FY2022Q2
FY2022Q1
FY2021Q4
FY2021Q3
FY2021Q2
FY2021Q1
FY2020Q4
FY2020Q3
FY2020Q2
FY2020Q1
FY2019Q4
FY2019Q3
FY2019Q2
FY2019Q1
FY2018Q4
FY2018Q3
FY2018Q2
FY2018Q1
FY2017Q4
FY2017Q3
FY2017Q2
FY2017Q1
FY2016Q4
FY2016Q3
FY2016Q2
FY2016Q1
FY2015Q4
FY2015Q3
FY2015Q2
FY2015Q1
FY2014Q4
FY2014Q3
FY2014Q2
FY2014Q1
FY2013Q4
FY2013Q3
FY2013Q2
FY2013Q1
FY2012Q4
FY2012Q3
FY2012Q2
FY2012Q1
Total equity
- Cash and cash equivalents
-17.24%1.02B
-60.66%542.96M
-41.22%823.15M
-28.46%1.55B
-0.24%1.23B
10.30%1.38B
19.79%1.40B
182.19%2.17B
47.40%1.23B
8.28%1.25B
88.05%1.17B
27.85%769.03M
54.73%837.47M
124.38%1.16B
16.42%621.63M
37.20%601.52M
-58.07%541.24M
-44.98%514.93M
-47.22%533.94M
-59.49%438.42M
-60.96%1.29B
-74.88%935.84M
51.13%1.01B
-70.33%1.08B
589.09%3.31B
752.76%3.72B
30.14%669.37M
424.24%3.65B
-32.83%479.78M
18.95%436.80M
-65.30%514.34M
36.84%695.72M
46.18%714.25M
-28.48%367.21M
164.67%1.48B
-37.60%508.40M
-44.74%488.61M
-36.23%513.40M
-20.12%560.06M
-4.91%814.75M
56.33%884.28M
-3.44%805.08M
14.51%701.13M
4.75%856.86M
-66.04%565.66M
-17.73%833.73M
-63.79%612.28M
-25.59%818.00M
52.01%1.67B
22.10%1.01B
42.76%1.69B
142.83%1.10B
71.63%1.10B
-5.74%829.97M
--1.18B
--452.71M
--638.50M
--880.55M
Total current assets
15.89%3.88B
57.12%3.39B
70.16%3.74B
17.81%3.81B
0.51%3.34B
-35.42%2.16B
-26.65%2.20B
112.09%3.24B
111.19%3.33B
72.83%3.34B
107.25%3.00B
-12.32%1.53B
-8.13%1.58B
15.20%1.94B
-19.65%1.45B
1.32%1.74B
-33.74%1.72B
-26.90%1.68B
-20.00%1.80B
-32.20%1.72B
-45.66%2.59B
-49.15%2.30B
49.74%2.25B
-42.69%2.53B
291.72%4.76B
286.20%4.52B
17.48%1.50B
211.81%4.42B
-12.87%1.22B
11.07%1.17B
-42.55%1.28B
18.70%1.42B
23.66%1.40B
-7.19%1.05B
81.68%2.22B
-17.08%1.20B
-24.00%1.13B
-17.65%1.14B
-7.62%1.22B
1.40%1.44B
34.66%1.49B
1.54%1.38B
-15.28%1.33B
6.47%1.42B
-48.79%1.10B
-12.07%1.36B
-41.89%1.56B
-18.07%1.33B
35.69%2.15B
20.23%1.54B
57.86%2.69B
79.21%1.63B
49.40%1.59B
-1.04%1.28B
--1.71B
--909.11M
--1.06B
--1.30B
Non-current assets
Net Fixed Assets
41.86%731.20M
42.61%738.03M
45.48%755.93M
1.48%529.12M
-1.49%515.46M
-1.41%517.53M
7.34%519.61M
6.41%521.39M
6.29%523.23M
6.13%524.92M
-2.59%484.07M
-1.51%489.99M
-1.49%492.25M
-1.46%494.59M
-1.43%496.93M
-1.73%497.49M
-1.71%499.70M
-1.71%501.91M
-1.71%504.12M
-1.70%506.24M
-1.68%508.37M
-1.64%510.64M
-0.34%512.91M
--515.00M
--517.06M
--519.17M
--514.66M
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Goodwill and other intangible assets
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0.00%20.10M
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--20.10M
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Total assets
19.26%39.71B
21.96%39.64B
25.31%40.61B
0.98%33.60B
-0.24%33.30B
-3.55%32.50B
-5.48%32.41B
0.94%33.28B
1.70%33.38B
1.20%33.70B
3.85%34.28B
0.52%32.96B
-0.79%32.82B
-0.46%33.30B
-2.27%33.01B
-3.39%32.80B
-5.02%33.08B
-2.79%33.45B
-2.90%33.78B
7.22%33.95B
2.36%34.83B
0.85%34.41B
11.38%34.79B
-6.45%31.66B
10.72%34.03B
10.63%34.12B
1.78%31.23B
8.89%33.84B
-0.36%30.73B
-0.57%30.84B
-4.87%30.69B
0.15%31.08B
-0.40%30.84B
0.23%31.02B
3.71%32.26B
-2.01%31.03B
-1.32%30.97B
-1.44%30.95B
1.76%31.10B
2.66%31.67B
3.60%31.38B
3.01%31.40B
3.50%30.57B
3.96%30.85B
-0.97%30.29B
-6.94%30.48B
-11.38%29.53B
-7.60%29.67B
-4.46%30.59B
2.73%32.76B
2.26%33.32B
0.42%32.11B
0.09%32.02B
-1.64%31.89B
--32.59B
--31.98B
--31.99B
--32.42B
Liabilities
Current liabilities
-Dividends payable
3.53%1.81B
3.53%1.79B
3.52%1.74B
0.80%1.75B
1.03%1.75B
0.33%1.73B
-4.53%1.68B
-1.45%1.74B
-1.26%1.73B
1.17%1.73B
3.58%1.76B
3.52%1.76B
2.40%1.75B
-2.61%1.71B
8.08%1.70B
8.04%1.70B
-18.21%1.71B
-14.76%1.75B
-23.72%1.57B
-22.17%1.58B
2.85%2.09B
27.48%2.05B
31.80%2.06B
29.06%2.02B
29.82%2.03B
3.35%1.61B
1.96%1.57B
2.19%1.57B
2.37%1.57B
9.68%1.56B
9.22%1.54B
10.55%1.53B
11.73%1.53B
4.54%1.42B
3.43%1.41B
1.33%1.39B
-2.27%1.37B
-0.85%1.36B
-0.64%1.36B
0.36%1.37B
4.33%1.40B
-0.06%1.37B
17.25%1.37B
16.97%1.36B
20.40%1.34B
20.50%1.37B
11.13%1.17B
38.57%1.17B
33.49%1.12B
38.03%1.14B
44.92%1.05B
15.59%842.06M
14.46%836.26M
16.18%825.22M
--724.74M
--728.47M
--730.64M
--710.31M
Short-term debt and lease liabilities
77.32%3.70B
46.80%3.96B
120.28%5.91B
-35.23%658.35M
1.42%2.09B
18.55%2.70B
-9.00%2.68B
765.12%1.02B
677.41%2.06B
117.16%2.28B
119.43%2.95B
-86.06%117.49M
-72.60%264.81M
-28.13%1.05B
-29.29%1.34B
4.66%842.58M
-13.65%966.44M
-13.06%1.46B
-18.25%1.90B
-22.03%805.03M
-48.69%1.12B
-33.05%1.68B
-18.70%2.32B
-24.31%1.03B
48.19%2.18B
83.30%2.51B
101.73%2.86B
24.76%1.36B
35.32%1.47B
41.29%1.37B
-31.28%1.42B
-15.08%1.09B
-31.81%1.09B
-56.41%968.11M
-7.71%2.06B
28.58%1.29B
10.76%1.60B
1.35%2.22B
--2.23B
21.38%1.00B
19.10%1.44B
79.47%2.19B
----
2084.00%824.92M
336.91%1.21B
217.30%1.22B
--1.17B
100.50%37.77M
141.23%276.76M
195.09%384.84M
----
-1.09%18.84M
-53.76%114.73M
-79.09%130.41M
--821.64M
--19.05M
--248.10M
--623.73M
Total current liabilities
33.87%7.32B
26.00%7.46B
58.03%9.60B
-7.22%4.06B
0.93%5.47B
7.01%5.92B
-5.09%6.08B
24.73%4.37B
52.09%5.42B
34.70%5.53B
41.14%6.40B
-11.61%3.51B
-11.32%3.56B
-7.08%4.11B
-7.55%4.54B
7.05%3.97B
-9.60%4.02B
-10.34%4.42B
-13.90%4.91B
-14.94%3.70B
-18.23%4.44B
-8.26%4.93B
-1.98%5.70B
2.33%4.36B
27.32%5.43B
31.53%5.37B
36.18%5.81B
9.25%4.26B
10.85%4.27B
14.39%4.08B
-9.86%4.27B
-1.77%3.90B
-7.70%3.85B
-23.41%3.57B
-1.47%4.74B
9.80%3.97B
2.93%4.17B
-1.44%4.66B
78.54%4.81B
3.27%3.61B
7.52%4.05B
27.29%4.73B
-25.25%2.69B
48.48%3.50B
48.34%3.77B
33.51%3.72B
58.43%3.60B
7.61%2.36B
14.22%2.54B
27.27%2.78B
-22.16%2.27B
12.14%2.19B
3.58%2.22B
-11.17%2.19B
--2.92B
--1.95B
--2.15B
--2.46B
Non-current liabilities
Long-term debt and lease liabilities
7.22%25.00B
10.12%24.28B
4.36%22.52B
2.99%25.13B
0.36%23.31B
-5.11%22.05B
-6.51%21.58B
-1.61%24.40B
-6.05%23.23B
-5.22%23.24B
-2.25%23.09B
4.21%24.80B
3.37%24.73B
3.42%24.52B
0.83%23.62B
-3.96%23.80B
-4.75%23.92B
-3.14%23.71B
-4.01%23.42B
2.79%24.78B
0.10%25.11B
-2.27%24.48B
14.52%24.40B
-4.64%24.11B
14.80%25.09B
14.79%25.05B
-2.66%21.31B
11.93%25.28B
-2.52%21.85B
-3.80%21.82B
-3.02%21.89B
2.09%22.58B
2.70%22.42B
8.37%22.68B
8.81%22.57B
0.21%22.12B
1.60%21.83B
0.69%20.93B
-7.46%20.74B
1.25%22.08B
2.98%21.48B
1.52%20.78B
13.92%22.42B
3.02%21.80B
-3.53%20.86B
-10.21%20.47B
-13.20%19.68B
-6.81%21.16B
-4.20%21.62B
1.60%22.80B
1.70%22.67B
0.71%22.71B
1.60%22.57B
1.20%22.44B
--22.29B
--22.55B
--22.22B
--22.18B
-Long-term debt
7.22%25.00B
10.12%24.28B
4.36%22.52B
2.99%25.13B
0.36%23.31B
-5.11%22.05B
-6.51%21.58B
-1.61%24.40B
-6.05%23.23B
-5.22%23.24B
-2.25%23.09B
4.21%24.80B
3.37%24.73B
3.42%24.52B
0.83%23.62B
-3.96%23.80B
-4.75%23.92B
-3.14%23.71B
-4.01%23.42B
2.79%24.78B
0.10%25.11B
-2.27%24.48B
14.52%24.40B
-4.64%24.11B
14.80%25.09B
14.79%25.05B
-2.66%21.31B
11.93%25.28B
-2.52%21.85B
-3.80%21.82B
-3.02%21.89B
2.09%22.58B
2.70%22.42B
8.37%22.68B
8.81%22.57B
0.21%22.12B
1.60%21.83B
0.69%20.93B
-7.46%20.74B
1.25%22.08B
2.98%21.48B
1.52%20.78B
13.92%22.42B
3.02%21.80B
-3.53%20.86B
-10.21%20.47B
-13.20%19.68B
-6.81%21.16B
-4.20%21.62B
1.60%22.80B
1.70%22.67B
0.71%22.71B
1.60%22.57B
1.20%22.44B
--22.29B
--22.55B
--22.22B
--22.18B
Total liabilities
12.11%34.13B
13.88%33.57B
17.74%34.13B
2.44%30.87B
1.56%30.45B
-2.11%29.48B
-5.85%28.99B
1.97%30.14B
1.56%29.98B
0.90%30.11B
4.74%30.79B
0.80%29.55B
-0.10%29.52B
0.42%29.84B
-1.75%29.40B
-2.50%29.32B
-5.05%29.55B
-3.81%29.72B
-4.44%29.92B
1.44%30.07B
-1.80%31.12B
-2.26%30.90B
10.57%31.31B
-3.64%29.65B
15.79%31.69B
16.46%31.61B
5.32%28.32B
13.18%30.76B
1.50%27.37B
0.58%27.14B
-4.03%26.89B
1.46%27.18B
1.09%26.96B
2.93%26.98B
7.17%28.02B
1.70%26.79B
2.35%26.67B
0.70%26.22B
3.14%26.14B
3.22%26.34B
4.65%26.06B
6.22%26.04B
7.50%25.35B
7.21%25.52B
1.77%24.90B
-5.33%24.51B
-11.02%23.58B
-5.93%23.81B
-2.93%24.47B
3.31%25.89B
3.15%26.50B
0.60%25.31B
1.42%25.21B
-0.24%25.06B
--25.69B
--25.16B
--24.86B
--25.12B
Shareholders' equity
Common equity
6.90%12.39B
7.04%12.41B
6.60%12.35B
2.42%11.62B
2.03%11.59B
1.97%11.59B
1.55%11.58B
-0.43%11.34B
1.35%11.36B
1.24%11.37B
1.54%11.41B
1.43%11.39B
-0.06%11.21B
0.16%11.23B
0.18%11.23B
0.27%11.23B
0.22%11.22B
0.33%11.21B
0.30%11.21B
14.74%11.20B
14.65%11.19B
14.42%11.18B
14.59%11.18B
0.14%9.76B
0.41%9.76B
0.64%9.77B
0.57%9.76B
0.12%9.75B
0.68%9.72B
0.61%9.71B
0.89%9.70B
1.45%9.74B
0.74%9.66B
0.93%9.65B
0.96%9.61B
1.26%9.60B
1.28%9.59B
1.78%9.56B
1.48%9.52B
1.15%9.48B
1.16%9.47B
-0.49%9.39B
-0.40%9.38B
-0.39%9.37B
-0.52%9.36B
1.60%9.44B
2.22%9.42B
2.27%9.41B
2.41%9.41B
1.15%9.29B
0.45%9.22B
1.58%9.20B
1.02%9.18B
0.99%9.18B
--9.18B
--9.05B
--9.09B
--9.09B
Retained earnings
25.00%-5.13B
27.33%-4.88B
27.80%-4.61B
-9.07%-6.93B
-11.07%-6.84B
-12.06%-6.71B
-4.71%-6.38B
-2.24%-6.36B
0.54%-6.16B
1.36%-5.99B
-2.84%-6.10B
-2.84%-6.22B
-2.94%-6.19B
-2.04%-6.07B
-1.77%-5.93B
-4.45%-6.05B
-1.38%-6.01B
2.28%-5.95B
4.57%-5.82B
2.75%-5.79B
-4.00%-5.93B
-9.02%-6.09B
-13.43%-6.10B
-13.98%-5.95B
-11.34%-5.70B
-12.13%-5.58B
-9.95%-5.38B
-6.66%-5.22B
-5.97%-5.12B
-4.29%-4.98B
-2.32%-4.89B
-2.52%-4.90B
-2.16%-4.83B
-4.72%-4.77B
-7.24%-4.78B
-9.81%-4.78B
-8.99%-4.73B
-6.30%-4.56B
-4.51%-4.46B
-4.58%-4.35B
-5.95%-4.34B
-4.29%-4.29B
-1.40%-4.27B
0.98%-4.16B
-1.19%-4.10B
-25.63%-4.11B
-30.74%-4.21B
-30.49%-4.20B
-27.56%-4.05B
-3.42%-3.27B
-4.39%-3.22B
-5.28%-3.22B
-6.73%-3.17B
-9.68%-3.16B
---3.08B
---3.06B
---2.97B
---2.89B
Capital reserves
6.90%12.39B
7.04%12.41B
6.60%12.35B
2.42%11.62B
2.03%11.59B
1.97%11.59B
1.55%11.58B
-0.43%11.34B
1.35%11.36B
1.24%11.37B
1.54%11.41B
1.43%11.39B
-0.06%11.21B
0.16%11.23B
0.18%11.23B
0.27%11.23B
0.22%11.22B
0.33%11.21B
0.30%11.21B
14.74%11.20B
14.65%11.19B
14.42%11.18B
14.59%11.18B
0.14%9.76B
0.41%9.76B
0.64%9.77B
0.57%9.76B
0.12%9.75B
0.68%9.72B
0.61%9.71B
0.89%9.70B
1.45%9.74B
0.74%9.66B
0.93%9.65B
0.96%9.61B
1.26%9.60B
1.28%9.59B
1.78%9.56B
1.48%9.52B
1.15%9.48B
1.16%9.47B
-0.49%9.39B
-0.40%9.38B
-0.39%9.37B
-0.52%9.36B
1.60%9.44B
2.22%9.42B
2.27%9.41B
2.41%9.41B
1.15%9.29B
0.45%9.22B
1.58%9.20B
1.02%9.18B
0.99%9.18B
--9.18B
--9.05B
--9.09B
--9.09B
Less: Treasury stock
26.28%2.64B
18.52%2.49B
10.14%2.32B
-0.63%2.09B
-2.21%2.09B
-2.41%2.10B
-2.31%2.11B
-0.70%2.11B
5.98%2.14B
5.58%2.15B
5.49%2.16B
3.78%2.12B
0.39%2.02B
8.37%2.04B
8.47%2.04B
8.46%2.04B
6.54%2.01B
-0.15%1.88B
-0.37%1.88B
-1.73%1.88B
-1.73%1.88B
-2.18%1.88B
6.64%1.89B
8.13%1.92B
20.21%1.92B
34.20%1.93B
24.25%1.77B
28.46%1.77B
15.55%1.60B
9.80%1.44B
32.28%1.43B
29.23%1.38B
29.23%1.38B
56.64%1.31B
58.09%1.08B
150.02%1.07B
150.11%1.07B
90.53%834.54M
56.14%682.56M
-2.25%427.29M
-2.42%427.14M
321.26%438.00M
320.61%437.13M
320.85%437.13M
310.08%437.75M
-11.66%103.97M
-11.85%103.93M
-12.00%103.87M
-9.56%106.75M
-12.38%117.70M
-13.17%117.90M
-13.07%118.03M
-13.07%118.03M
-10.95%134.32M
--135.78M
--135.78M
--135.78M
--150.84M
Gains losses not affecting retained earnings
8.81%-233.74M
-3.65%-227.77M
-30.22%-251.36M
-36.33%-281.30M
-53.57%-256.31M
-32.54%-219.75M
-11.71%-193.03M
-46.35%-206.34M
5.15%-166.90M
-3.07%-165.80M
-4.80%-172.79M
12.18%-140.99M
-4.81%-175.97M
5.43%-160.85M
10.97%-164.87M
16.06%-160.55M
10.84%-167.90M
7.49%-170.09M
1.85%-185.19M
-5.99%-191.27M
-21.39%-188.31M
-54.12%-183.87M
-59.08%-188.68M
-48.42%-180.47M
-20.49%-155.13M
1.37%-119.30M
5.88%-118.60M
-2.53%-121.60M
-11.67%-128.74M
-17.73%-120.96M
-14.09%-126.02M
-6.80%-118.59M
-10.99%-115.28M
-1.89%-102.75M
3.22%-110.45M
4.14%-111.04M
13.38%-103.87M
14.33%-100.84M
54.83%-114.13M
53.36%-115.83M
51.37%-119.92M
22.47%-117.72M
-313.96%-252.69M
-98.04%-248.37M
-299.40%-246.57M
-124.67%-151.83M
19.47%-61.04M
-63.51%-125.41M
39.67%-61.74M
18.32%-67.58M
16.62%-75.80M
-18.41%-76.70M
-25.31%-102.33M
-248.79%-82.73M
---90.90M
---64.78M
---81.66M
---23.72M
Non-controlling interests
187.91%1.14B
188.83%1.21B
167.31%1.26B
-10.85%379.96M
-12.65%396.06M
-12.18%420.23M
0.85%472.80M
-6.87%426.22M
5.71%453.43M
6.48%478.49M
-0.91%468.81M
0.47%457.67M
-6.67%428.93M
-5.78%449.36M
-3.74%473.13M
-8.26%455.55M
-3.37%459.59M
5.61%476.92M
13.55%491.53M
88.56%496.59M
55.39%475.64M
37.12%451.60M
12.48%432.87M
-35.39%263.37M
-31.06%306.10M
-32.37%329.35M
-23.07%384.85M
-20.68%407.62M
-12.53%444.01M
-7.67%486.98M
-9.47%500.27M
-7.82%513.88M
-10.07%507.60M
-15.17%527.43M
-14.92%552.60M
-20.11%557.46M
-18.94%564.44M
-19.46%621.74M
-12.81%649.46M
-7.94%697.82M
-9.13%696.29M
-10.09%771.96M
-13.21%744.90M
-10.33%758.03M
-13.16%766.26M
-13.27%858.61M
-11.81%858.33M
-13.36%845.34M
-9.18%882.34M
1.25%989.99M
-0.94%973.23M
-0.38%975.67M
-18.05%971.50M
-19.57%977.75M
--982.49M
--979.36M
--1.19B
--1.22B
Total equity
95.77%5.57B
100.69%6.07B
89.53%6.47B
-13.05%2.73B
-16.20%2.85B
-15.59%3.03B
-2.20%3.41B
-7.95%3.14B
2.95%3.40B
3.81%3.58B
-3.32%3.49B
-1.92%3.41B
-6.52%3.30B
-7.49%3.45B
-6.26%3.61B
-10.26%3.48B
-4.76%3.53B
6.16%3.73B
10.96%3.85B
92.18%3.87B
58.75%3.71B
40.02%3.52B
19.27%3.47B
-34.54%2.02B
-30.57%2.34B
-32.14%2.51B
-23.33%2.91B
-20.97%3.08B
-13.28%3.36B
-8.27%3.70B
-10.42%3.80B
-8.13%3.90B
-9.61%3.88B
-14.71%4.03B
-14.54%4.24B
-20.35%4.24B
-19.30%4.29B
-11.81%4.73B
-4.92%4.96B
-0.01%5.33B
-1.28%5.32B
-10.21%5.36B
-12.35%5.22B
-9.19%5.33B
-11.93%5.39B
-13.00%5.97B
-12.77%5.95B
-13.78%5.87B
-10.15%6.12B
0.60%6.86B
-1.02%6.82B
-0.24%6.80B
-4.55%6.81B
-6.45%6.82B
--6.89B
--6.82B
--7.13B
--7.29B
Currency unit
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FAQs

Which balance sheet metrics matter most when analyzing SPG stock?

Important metrics include cash and short-term investments, total assets, current assets, total liabilities, current liabilities, long-term debt, shareholders' equity, retained earnings, inventory, receivables, working capital, current ratio, quick ratio, debt-to-equity ratio, and return on equity. Investors usually review these together rather than relying on one number.

What is the difference between assets, liabilities, and shareholders' equity?

Assets are resources the company owns or controls, such as cash, receivables, inventory, investments, and property. Liabilities are obligations the company owes, such as accounts payable, debt, leases, and taxes. Shareholders' equity is the residual value after liabilities are subtracted from assets.

What is the difference between current and non-current items?

Current assets and current liabilities are generally expected to be converted, used, paid, or settled within one year or one operating cycle. Non-current assets and non-current liabilities are longer-term items, such as property, long-term investments, deferred tax assets, long-term debt, and lease obligations.

How Much Cash Does Simon Property Group Inc Have?

In its most recent quarterly, Simon Property Group Inc had 1.02B in cash and cash equivalents.

How Much Shareholders' Equity Does Simon Property Group Inc Have?

Simon Property Group Inc reported 6.47B in total shareholders' equity as of the latest reported quarter.
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