US Stock MarketDetailed Quotes

Edwards Lifesciences (EW)

Watchlist
  • 84.150
  • +4.430+5.56%
Close Apr 24 16:00 ET
  • 84.150
  • 0.0000.00%
Post 20:01 ET
48.52BMarket Cap44.76P/E (TTM)

Edwards Lifesciences (EW) Balance Sheet

Quarterly+Annual
YOY yoy
Hide blank lines yoy
(FY)Dec 31, 2025
(Q4)Dec 31, 2025
(Q3)Sep 30, 2025
(Q2)Jun 30, 2025
(Q1)Mar 31, 2025
(FY)Dec 31, 2024
(Q4)Dec 31, 2024
(Q3)Sep 30, 2024
(Q2)Jun 30, 2024
(Q1)Mar 31, 2024
Assets
Current assets
Cash, cash equivalents and short term investments
6.30%4.23B
6.30%4.23B
-13.59%3.84B
104.15%4.06B
129.65%3.9B
143.50%3.98B
143.50%3.98B
138.54%4.45B
31.84%1.99B
35.35%1.7B
-Cash and cash equivalents
-3.52%2.94B
-3.52%2.94B
-26.95%2.69B
99.01%3.27B
156.46%3.14B
168.94%3.05B
168.94%3.05B
160.72%3.68B
57.73%1.64B
40.36%1.22B
-Short-term investments
38.42%1.29B
38.42%1.29B
50.24%1.16B
128.61%789.4M
60.23%757.9M
85.95%930.7M
85.95%930.7M
69.61%769.7M
-26.01%345.3M
23.92%473M
Receivables
25.39%912.1M
25.39%912.1M
10.02%892.8M
8.17%902.6M
-14.25%751.9M
-12.16%727.4M
-12.16%727.4M
1.17%811.5M
2.14%834.4M
12.52%876.9M
-Accounts receivable
8.29%659.6M
8.29%659.6M
-3.17%693.3M
-10.45%697M
-18.15%669.2M
-21.05%609.1M
-21.05%609.1M
-3.22%716M
3.17%778.3M
13.92%817.6M
-Other receivables
113.44%252.5M
113.44%252.5M
108.90%199.5M
266.49%205.6M
39.46%82.7M
109.01%118.3M
109.01%118.3M
53.29%95.5M
-10.24%56.1M
-3.73%59.3M
Inventory
3.63%1.13B
3.63%1.13B
3.32%1.14B
11.42%1.14B
-7.74%1.11B
20.28%1.09B
20.28%1.09B
6.95%1.1B
4.54%1.02B
32.05%1.21B
Prepaid assets
11.57%135M
11.57%135M
8.96%125.2M
-0.18%110M
-19.41%111.3M
-6.06%121M
-6.06%121M
-13.80%114.9M
-10.55%110.2M
15.95%138.1M
Other current assets
-2.39%339.3M
-2.39%339.3M
40.00%323.4M
24.71%314.4M
21.51%304.5M
54.56%347.6M
54.56%347.6M
-2.04%231M
15.96%252.1M
31.69%250.6M
Total current assets
7.22%6.74B
7.22%6.74B
-5.48%6.36B
45.64%6.58B
48.97%6.21B
55.74%6.29B
55.74%6.29B
65.40%6.73B
23.83%4.52B
28.04%4.17B
Non current assets
Net PPE
7.31%1.91B
7.31%1.91B
3.35%1.84B
5.35%1.83B
-3.81%1.8B
6.49%1.78B
6.49%1.78B
0.45%1.78B
-0.81%1.73B
7.60%1.87B
-Gross PPE
7.20%2.76B
7.20%2.76B
3.35%1.84B
5.35%1.83B
-3.81%1.8B
8.62%2.58B
8.62%2.58B
0.45%1.78B
-0.81%1.73B
7.60%1.87B
-Accumulated depreciation
-6.96%-849.8M
-6.96%-849.8M
----
----
----
-13.73%-794.5M
-13.73%-794.5M
----
----
----
Goodwill and other intangible assets
-1.91%2.9B
-1.91%2.9B
13.19%2.9B
88.09%2.95B
73.78%2.95B
91.21%2.95B
91.21%2.95B
48.30%2.56B
-9.41%1.57B
-3.17%1.7B
-Goodwill
-0.46%1.77B
-0.46%1.77B
10.17%1.77B
54.36%1.78B
41.98%1.78B
55.16%1.78B
55.16%1.78B
23.73%1.61B
-11.43%1.15B
-4.25%1.25B
-Other intangible assets
-4.11%1.13B
-4.11%1.13B
18.27%1.13B
181.18%1.17B
162.96%1.17B
194.59%1.18B
194.59%1.18B
122.45%956.1M
-3.31%417.1M
0.00%446.8M
Investments and advances
-9.52%278.6M
-9.52%278.6M
-14.05%274.7M
-15.51%298.5M
-39.00%277.9M
-47.27%307.9M
-47.27%307.9M
-54.64%319.6M
-58.74%353.3M
-57.29%455.6M
Long-term notes receivables
34.34%173.7M
34.34%173.7M
71.03%227.3M
19.33%205.6M
-7.34%147.8M
--129.3M
--129.3M
--132.9M
--172.3M
--159.5M
Non current accounts receivable
7.11%314.8M
7.11%314.8M
3.47%303.9M
2.69%297.8M
3.98%297.8M
--293.9M
--293.9M
--293.7M
--290M
--286.4M
Financial assets
-83.29%5.8M
-83.29%5.8M
-76.61%5.1M
-89.84%3.1M
-4.66%26.6M
--34.7M
--34.7M
--21.8M
--30.5M
--27.9M
Non current deferred assets
14.72%1.14B
14.72%1.14B
23.81%1.1B
29.97%1.08B
32.33%1.03B
32.39%992.1M
32.39%992.1M
36.28%888.4M
36.34%832.6M
42.78%776.7M
Non current prepaid assets
-8.17%93.3M
-8.17%93.3M
-7.71%95.7M
-7.57%97.7M
-7.51%99.7M
--101.6M
--101.6M
--103.7M
--105.7M
--107.8M
Other non current assets
-17.52%142.6M
-17.52%142.6M
18.11%167.6M
-69.55%151.6M
-1.51%183.2M
-77.67%172.9M
-77.67%172.9M
-68.28%141.9M
20.82%497.9M
-36.65%186M
Total non current assets
2.78%6.96B
2.78%6.96B
10.73%6.91B
23.79%6.91B
22.35%6.81B
27.07%6.77B
27.07%6.77B
17.73%6.24B
4.22%5.58B
3.19%5.57B
Total assets
4.92%13.7B
4.92%13.7B
2.32%13.27B
33.56%13.49B
33.75%13.02B
39.43%13.06B
39.43%13.06B
38.42%12.97B
12.16%10.1B
12.54%9.74B
Liabilities
Current liabilities
Payables
-11.75%504.9M
-11.75%504.9M
-60.07%388M
26.15%386.9M
49.01%549.1M
95.19%572.1M
95.19%572.1M
131.44%971.6M
-13.78%306.7M
3.74%368.5M
-accounts payable
15.25%227.5M
15.25%227.5M
-4.51%165M
-12.80%162.1M
-18.79%172.4M
5.79%197.4M
5.79%197.4M
-9.34%172.8M
-3.68%185.9M
17.42%212.3M
-Total tax payable
-25.97%277.4M
-25.97%277.4M
-72.08%223M
86.09%224.8M
141.17%376.7M
251.83%374.7M
251.83%374.7M
248.52%798.8M
-25.75%120.8M
-10.44%156.2M
Current accrued expenses
42.97%590.9M
42.97%590.9M
2.40%516.6M
-14.81%408.3M
-19.02%376.7M
18.36%413.3M
18.36%413.3M
16.16%504.5M
10.87%479.3M
6.28%465.2M
Current provisions
-32.25%50M
-32.25%50M
63.64%64.8M
768.54%77.3M
757.84%87.5M
6.80%73.8M
6.80%73.8M
186.96%39.6M
-38.19%8.9M
-31.08%10.2M
Current debt and capital lease obligation
4.70%24.5M
4.70%24.5M
10.74%26.8M
20.47%25.9M
-4.44%23.7M
2.18%23.4M
2.18%23.4M
-0.41%24.2M
-11.52%21.5M
-1.20%24.8M
-Current capital lease obligation
4.70%24.5M
4.70%24.5M
10.74%26.8M
20.47%25.9M
-4.44%23.7M
2.18%23.4M
2.18%23.4M
-0.41%24.2M
-11.52%21.5M
-1.20%24.8M
Current deferred liabilities
-49.35%27.2M
-49.35%27.2M
-49.70%33.2M
--36.8M
--46.2M
--53.7M
--53.7M
--66M
----
----
Other current liabilities
1,343.69%148.7M
1,343.69%148.7M
364.37%121.2M
4.38%116.8M
1,508.16%78.8M
-92.88%10.3M
-92.88%10.3M
289.55%26.1M
528.65%111.9M
-79.06%4.9M
Current liabilities
20.50%1.81B
20.50%1.81B
-18.32%1.59B
15.42%1.4B
25.57%1.39B
25.92%1.51B
25.92%1.51B
56.92%1.94B
5.17%1.22B
2.66%1.11B
Non current liabilities
Long term debt and capital lease obligation
0.64%680.9M
0.64%680.9M
-1.32%673.5M
0.77%676.7M
0.19%675.7M
2.17%676.6M
2.17%676.6M
2.35%682.5M
1.71%671.5M
1.77%674.4M
-Long term debt
0.10%598.3M
0.10%598.3M
0.12%598.2M
0.12%598M
0.10%597.8M
0.12%597.7M
0.12%597.7M
0.12%597.5M
0.10%597.3M
0.12%597.2M
-Long term capital lease obligation
4.69%82.6M
4.69%82.6M
-11.41%75.3M
6.06%78.7M
0.91%77.9M
21.01%78.9M
21.01%78.9M
21.43%85M
16.85%74.2M
16.62%77.2M
Non current accrued expenses
--0
--0
----
----
----
-44.06%52.7M
-44.06%52.7M
-38.79%63.9M
-33.51%74.8M
-36.97%82M
Other non current liabilities
14.13%865M
14.13%865M
20.55%805.5M
33.40%800.8M
26.05%760.2M
29.27%757.9M
29.27%757.9M
20.96%668.2M
9.86%600.3M
5.62%603.1M
Total non current liabilities
3.95%1.55B
3.95%1.55B
4.49%1.48B
7.24%1.48B
-0.22%1.44B
2.68%1.49B
2.68%1.49B
0.78%1.42B
-1.61%1.38B
-4.52%1.44B
Total liabilities
12.27%3.36B
12.27%3.36B
-8.71%3.07B
11.08%2.88B
11.01%2.83B
13.19%2.99B
13.19%2.99B
27.09%3.36B
1.45%2.59B
-1.52%2.55B
Shareholders'equity
Share capital
0.60%658.7M
0.60%658.7M
0.60%658.2M
0.63%657.6M
0.63%655.9M
0.66%654.8M
0.66%654.8M
0.68%654.3M
0.68%653.5M
0.73%651.8M
-common stock
0.60%658.7M
0.60%658.7M
0.60%658.2M
0.63%657.6M
0.63%655.9M
0.66%654.8M
0.66%654.8M
0.68%654.3M
0.68%653.5M
0.73%651.8M
-Preferred stock
--0
--0
--0
--0
--0
--0
--0
--0
--0
--0
Retained earnings
8.15%14.24B
8.15%14.24B
10.70%14.15B
42.71%13.86B
44.74%13.53B
46.42%13.17B
46.42%13.17B
48.23%12.78B
17.88%9.71B
17.83%9.34B
Paid-in capital
5.93%2.77B
5.93%2.77B
10.00%2.7B
11.05%2.75B
11.49%2.65B
14.91%2.61B
14.91%2.61B
10.89%2.45B
15.42%2.48B
16.13%2.38B
Less: Treasury stock
14.52%7.09B
14.52%7.09B
15.76%7.05B
24.57%6.46B
28.38%6.45B
23.24%6.19B
23.24%6.19B
33.08%6.09B
17.76%5.18B
14.37%5.02B
Gains losses not affecting retained earnings
2.54%-238.3M
2.54%-238.3M
0.83%-250.4M
-19.94%-264.1M
-9.09%-254.5M
-0.70%-244.5M
-0.70%-244.5M
-0.96%-252.5M
13.82%-220.2M
8.65%-233.3M
Total stockholders'equity
3.39%10.34B
3.39%10.34B
6.91%10.21B
41.79%10.55B
42.30%10.13B
50.35%10B
50.35%10B
43.38%9.55B
16.65%7.44B
19.07%7.12B
Noncontrolling interests
--0
--0
--0
-8.93%61.2M
-8.18%62.9M
-7.06%64.5M
-7.06%64.5M
-5.46%65.8M
-5.08%67.2M
-18.45%68.5M
Total equity
2.73%10.34B
2.73%10.34B
6.18%10.21B
41.33%10.61B
41.82%10.19B
49.76%10.06B
49.76%10.06B
42.88%9.61B
16.41%7.5B
18.55%7.19B
Currency Unit
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
Accounting Standards
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
Audit Opinions
Unqualified Opinion
--
--
--
--
Unqualified Opinion
--
--
--
--
(FY)Dec 31, 2025(Q4)Dec 31, 2025(Q3)Sep 30, 2025(Q2)Jun 30, 2025(Q1)Mar 31, 2025(FY)Dec 31, 2024(Q4)Dec 31, 2024(Q3)Sep 30, 2024(Q2)Jun 30, 2024(Q1)Mar 31, 2024
Assets
Current assets
Cash, cash equivalents and short term investments 6.30%4.23B6.30%4.23B-13.59%3.84B104.15%4.06B129.65%3.9B143.50%3.98B143.50%3.98B138.54%4.45B31.84%1.99B35.35%1.7B
-Cash and cash equivalents -3.52%2.94B-3.52%2.94B-26.95%2.69B99.01%3.27B156.46%3.14B168.94%3.05B168.94%3.05B160.72%3.68B57.73%1.64B40.36%1.22B
-Short-term investments 38.42%1.29B38.42%1.29B50.24%1.16B128.61%789.4M60.23%757.9M85.95%930.7M85.95%930.7M69.61%769.7M-26.01%345.3M23.92%473M
Receivables 25.39%912.1M25.39%912.1M10.02%892.8M8.17%902.6M-14.25%751.9M-12.16%727.4M-12.16%727.4M1.17%811.5M2.14%834.4M12.52%876.9M
-Accounts receivable 8.29%659.6M8.29%659.6M-3.17%693.3M-10.45%697M-18.15%669.2M-21.05%609.1M-21.05%609.1M-3.22%716M3.17%778.3M13.92%817.6M
-Other receivables 113.44%252.5M113.44%252.5M108.90%199.5M266.49%205.6M39.46%82.7M109.01%118.3M109.01%118.3M53.29%95.5M-10.24%56.1M-3.73%59.3M
Inventory 3.63%1.13B3.63%1.13B3.32%1.14B11.42%1.14B-7.74%1.11B20.28%1.09B20.28%1.09B6.95%1.1B4.54%1.02B32.05%1.21B
Prepaid assets 11.57%135M11.57%135M8.96%125.2M-0.18%110M-19.41%111.3M-6.06%121M-6.06%121M-13.80%114.9M-10.55%110.2M15.95%138.1M
Other current assets -2.39%339.3M-2.39%339.3M40.00%323.4M24.71%314.4M21.51%304.5M54.56%347.6M54.56%347.6M-2.04%231M15.96%252.1M31.69%250.6M
Total current assets 7.22%6.74B7.22%6.74B-5.48%6.36B45.64%6.58B48.97%6.21B55.74%6.29B55.74%6.29B65.40%6.73B23.83%4.52B28.04%4.17B
Non current assets
Net PPE 7.31%1.91B7.31%1.91B3.35%1.84B5.35%1.83B-3.81%1.8B6.49%1.78B6.49%1.78B0.45%1.78B-0.81%1.73B7.60%1.87B
-Gross PPE 7.20%2.76B7.20%2.76B3.35%1.84B5.35%1.83B-3.81%1.8B8.62%2.58B8.62%2.58B0.45%1.78B-0.81%1.73B7.60%1.87B
-Accumulated depreciation -6.96%-849.8M-6.96%-849.8M-------------13.73%-794.5M-13.73%-794.5M------------
Goodwill and other intangible assets -1.91%2.9B-1.91%2.9B13.19%2.9B88.09%2.95B73.78%2.95B91.21%2.95B91.21%2.95B48.30%2.56B-9.41%1.57B-3.17%1.7B
-Goodwill -0.46%1.77B-0.46%1.77B10.17%1.77B54.36%1.78B41.98%1.78B55.16%1.78B55.16%1.78B23.73%1.61B-11.43%1.15B-4.25%1.25B
-Other intangible assets -4.11%1.13B-4.11%1.13B18.27%1.13B181.18%1.17B162.96%1.17B194.59%1.18B194.59%1.18B122.45%956.1M-3.31%417.1M0.00%446.8M
Investments and advances -9.52%278.6M-9.52%278.6M-14.05%274.7M-15.51%298.5M-39.00%277.9M-47.27%307.9M-47.27%307.9M-54.64%319.6M-58.74%353.3M-57.29%455.6M
Long-term notes receivables 34.34%173.7M34.34%173.7M71.03%227.3M19.33%205.6M-7.34%147.8M--129.3M--129.3M--132.9M--172.3M--159.5M
Non current accounts receivable 7.11%314.8M7.11%314.8M3.47%303.9M2.69%297.8M3.98%297.8M--293.9M--293.9M--293.7M--290M--286.4M
Financial assets -83.29%5.8M-83.29%5.8M-76.61%5.1M-89.84%3.1M-4.66%26.6M--34.7M--34.7M--21.8M--30.5M--27.9M
Non current deferred assets 14.72%1.14B14.72%1.14B23.81%1.1B29.97%1.08B32.33%1.03B32.39%992.1M32.39%992.1M36.28%888.4M36.34%832.6M42.78%776.7M
Non current prepaid assets -8.17%93.3M-8.17%93.3M-7.71%95.7M-7.57%97.7M-7.51%99.7M--101.6M--101.6M--103.7M--105.7M--107.8M
Other non current assets -17.52%142.6M-17.52%142.6M18.11%167.6M-69.55%151.6M-1.51%183.2M-77.67%172.9M-77.67%172.9M-68.28%141.9M20.82%497.9M-36.65%186M
Total non current assets 2.78%6.96B2.78%6.96B10.73%6.91B23.79%6.91B22.35%6.81B27.07%6.77B27.07%6.77B17.73%6.24B4.22%5.58B3.19%5.57B
Total assets 4.92%13.7B4.92%13.7B2.32%13.27B33.56%13.49B33.75%13.02B39.43%13.06B39.43%13.06B38.42%12.97B12.16%10.1B12.54%9.74B
Liabilities
Current liabilities
Payables -11.75%504.9M-11.75%504.9M-60.07%388M26.15%386.9M49.01%549.1M95.19%572.1M95.19%572.1M131.44%971.6M-13.78%306.7M3.74%368.5M
-accounts payable 15.25%227.5M15.25%227.5M-4.51%165M-12.80%162.1M-18.79%172.4M5.79%197.4M5.79%197.4M-9.34%172.8M-3.68%185.9M17.42%212.3M
-Total tax payable -25.97%277.4M-25.97%277.4M-72.08%223M86.09%224.8M141.17%376.7M251.83%374.7M251.83%374.7M248.52%798.8M-25.75%120.8M-10.44%156.2M
Current accrued expenses 42.97%590.9M42.97%590.9M2.40%516.6M-14.81%408.3M-19.02%376.7M18.36%413.3M18.36%413.3M16.16%504.5M10.87%479.3M6.28%465.2M
Current provisions -32.25%50M-32.25%50M63.64%64.8M768.54%77.3M757.84%87.5M6.80%73.8M6.80%73.8M186.96%39.6M-38.19%8.9M-31.08%10.2M
Current debt and capital lease obligation 4.70%24.5M4.70%24.5M10.74%26.8M20.47%25.9M-4.44%23.7M2.18%23.4M2.18%23.4M-0.41%24.2M-11.52%21.5M-1.20%24.8M
-Current capital lease obligation 4.70%24.5M4.70%24.5M10.74%26.8M20.47%25.9M-4.44%23.7M2.18%23.4M2.18%23.4M-0.41%24.2M-11.52%21.5M-1.20%24.8M
Current deferred liabilities -49.35%27.2M-49.35%27.2M-49.70%33.2M--36.8M--46.2M--53.7M--53.7M--66M--------
Other current liabilities 1,343.69%148.7M1,343.69%148.7M364.37%121.2M4.38%116.8M1,508.16%78.8M-92.88%10.3M-92.88%10.3M289.55%26.1M528.65%111.9M-79.06%4.9M
Current liabilities 20.50%1.81B20.50%1.81B-18.32%1.59B15.42%1.4B25.57%1.39B25.92%1.51B25.92%1.51B56.92%1.94B5.17%1.22B2.66%1.11B
Non current liabilities
Long term debt and capital lease obligation 0.64%680.9M0.64%680.9M-1.32%673.5M0.77%676.7M0.19%675.7M2.17%676.6M2.17%676.6M2.35%682.5M1.71%671.5M1.77%674.4M
-Long term debt 0.10%598.3M0.10%598.3M0.12%598.2M0.12%598M0.10%597.8M0.12%597.7M0.12%597.7M0.12%597.5M0.10%597.3M0.12%597.2M
-Long term capital lease obligation 4.69%82.6M4.69%82.6M-11.41%75.3M6.06%78.7M0.91%77.9M21.01%78.9M21.01%78.9M21.43%85M16.85%74.2M16.62%77.2M
Non current accrued expenses --0--0-------------44.06%52.7M-44.06%52.7M-38.79%63.9M-33.51%74.8M-36.97%82M
Other non current liabilities 14.13%865M14.13%865M20.55%805.5M33.40%800.8M26.05%760.2M29.27%757.9M29.27%757.9M20.96%668.2M9.86%600.3M5.62%603.1M
Total non current liabilities 3.95%1.55B3.95%1.55B4.49%1.48B7.24%1.48B-0.22%1.44B2.68%1.49B2.68%1.49B0.78%1.42B-1.61%1.38B-4.52%1.44B
Total liabilities 12.27%3.36B12.27%3.36B-8.71%3.07B11.08%2.88B11.01%2.83B13.19%2.99B13.19%2.99B27.09%3.36B1.45%2.59B-1.52%2.55B
Shareholders'equity
Share capital 0.60%658.7M0.60%658.7M0.60%658.2M0.63%657.6M0.63%655.9M0.66%654.8M0.66%654.8M0.68%654.3M0.68%653.5M0.73%651.8M
-common stock 0.60%658.7M0.60%658.7M0.60%658.2M0.63%657.6M0.63%655.9M0.66%654.8M0.66%654.8M0.68%654.3M0.68%653.5M0.73%651.8M
-Preferred stock --0--0--0--0--0--0--0--0--0--0
Retained earnings 8.15%14.24B8.15%14.24B10.70%14.15B42.71%13.86B44.74%13.53B46.42%13.17B46.42%13.17B48.23%12.78B17.88%9.71B17.83%9.34B
Paid-in capital 5.93%2.77B5.93%2.77B10.00%2.7B11.05%2.75B11.49%2.65B14.91%2.61B14.91%2.61B10.89%2.45B15.42%2.48B16.13%2.38B
Less: Treasury stock 14.52%7.09B14.52%7.09B15.76%7.05B24.57%6.46B28.38%6.45B23.24%6.19B23.24%6.19B33.08%6.09B17.76%5.18B14.37%5.02B
Gains losses not affecting retained earnings 2.54%-238.3M2.54%-238.3M0.83%-250.4M-19.94%-264.1M-9.09%-254.5M-0.70%-244.5M-0.70%-244.5M-0.96%-252.5M13.82%-220.2M8.65%-233.3M
Total stockholders'equity 3.39%10.34B3.39%10.34B6.91%10.21B41.79%10.55B42.30%10.13B50.35%10B50.35%10B43.38%9.55B16.65%7.44B19.07%7.12B
Noncontrolling interests --0--0--0-8.93%61.2M-8.18%62.9M-7.06%64.5M-7.06%64.5M-5.46%65.8M-5.08%67.2M-18.45%68.5M
Total equity 2.73%10.34B2.73%10.34B6.18%10.21B41.33%10.61B41.82%10.19B49.76%10.06B49.76%10.06B42.88%9.61B16.41%7.5B18.55%7.19B
Currency Unit USDUSDUSDUSDUSDUSDUSDUSDUSDUSD
Accounting Standards US-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAP
Audit Opinions Unqualified Opinion--------Unqualified Opinion--------
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