AUDC
AudioCodes Ltd.
Price Chart
Latest Quote
$9.35
| Previous Close | $9.36 |
| Open | $9.33 |
| Day High | $9.37 |
| Day Low | $9.29 |
| Volume | 20,088 |
Stock Information
| Quarterly Dividend / Yield | $0.40 / 4.28% |
| Shares Outstanding | 25.45M |
| Quarterly Dividend Yield | 4.28% |
| Quarterly Dividend | $0.40 |
| Total Debt | $37.38M |
| Cash Equivalents | $65.60M |
| Revenue | $247.37M |
| Net Income | $6.89M |
| Sector | Technology |
| Industry | Communication Equipment |
| Market Cap | $237.99M |
| P/E Ratio | 38.96 |
| EPS (TTM) | $0.24 |
| Exchange | NMS |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $219.53M |
| Sales | $247.37M |
| Income | $6.89M |
| Book/sh | $5.82 |
| Cash/sh | $2.58 |
| Employees | 981 |
Financial Ratios
| Quick Ratio | 1.73 |
| Current Ratio | 2.01 |
| Debt/Eq | 24.26 |
| EPS Growth TTM | -51.40% |
Returns & Margins
| ROA | 2.70% |
| ROE | 4.05% |
| Gross Margin | 65.34% |
| Operating Margin | 5.41% |
| Profit Margin | 2.79% |
Ownership
| Insider Ownership | 28.59% |
| Institutional Ownership | 35.54% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 14.84 |
| P/S | 0.96 |
| P/B | 1.61 |
Analyst Data
| Recommendation | none |
| Target Price | $12.50 |
Technical Indicators
| SMA20 | $9.55 |
| SMA50 | $9.14 |
| SMA200 | $8.74 |
| RSI | 43.28 |
| ATR | 0.3564 |
| Shares Float | 15.56M |
| Short Float | 0.34% |
| Short Ratio | 0.41 |
| Volatility | 0.97 |
| Rel Volume | 0.16 |
Performance History
| Week | -0.53% |
| Month | +14.02% |
| Quarter | +12.24% |
| 6 Months | +8.39% |
| YTD | +10.00% |
| Year | +5.47% |
| 3 Years | +10.16% |
| 5 Years | -68.16% |
| 10 Years | +174.21% |
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-17 | $9.35 | 20,088 |
| 2026-06-16 | $9.36 | 81,300 |
| 2026-06-15 | $9.66 | 175,300 |
| 2026-06-12 | $9.81 | 225,500 |
| 2026-06-11 | $9.49 | 158,900 |
| 2026-06-10 | $9.40 | 128,000 |
| 2026-06-09 | $9.52 | 100,300 |
| 2026-06-08 | $9.77 | 96,700 |
| 2026-06-05 | $9.61 | 85,500 |
| 2026-06-04 | $10.17 | 68,300 |
| 2026-06-03 | $10.05 | 128,800 |
| 2026-06-02 | $10.15 | 167,300 |
| 2026-06-01 | $10.18 | 168,300 |
| 2026-05-29 | $9.84 | 134,400 |
| 2026-05-28 | $9.71 | 181,400 |
| 2026-05-27 | $9.42 | 144,000 |
| 2026-05-26 | $9.08 | 192,500 |
| 2026-05-22 | $9.12 | 122,600 |
| 2026-05-21 | $8.74 | 77,000 |
| 2026-05-20 | $8.49 | 99,500 |
| 2026-05-19 | $8.08 | 70,000 |
| 2026-05-18 | $8.20 | 96,800 |
About AudioCodes Ltd.
AudioCodes Ltd. provides advanced communications software, products, and productivity solutions for the digital workplace worldwide. The company offers solutions, products, and services for unified communications, contact centers, and hosted business services. Its products include session border controllers, life cycle management solutions, VoIP network routing solutions, media gateways and servers, multi-service business routers, IP phones solutions, and value-added applications, as well as professional services. The company also offers One Voice Operations Center, a voice network management solution; Device Manager for administering business phones and meeting room solutions; AudioCodes Routing Manager for handling call routing in VoIP networks; and User Management Pack 365 simplifies user lifecycle and identity management across Microsoft Teams and Skype for Business deployments. In addition, it offers managed services; and AudioCodes Live Platform is a SaaS solution that enables service providers to offer their business customers a seamless migration to uCaaS solutions, such as Microsoft Teams and Zoom Phone. The company primarily markets and sells its products through a direct sales force and sales representatives to original equipment manufacturers, network equipment providers, systems integrators, enterprises, carriers, and distributors in the telecommunications and networking industries. AudioCodes Ltd. was incorporated in 1992 and is based in Or Yehuda, Israel.
đ° Latest News
Arista Networks vs. AudioCodes: Which Technology Stock Is a Better Buy in 2026?
Motley Fool âĸ 2026-06-09T19:05:52ZAudioCodes Ltd. Q1 2026 Earnings Call Summary
Moby âĸ 2026-05-05T20:46:57ZAudioCodes (AUDC) Q1 2026 Earnings Transcript
Motley Fool âĸ 2026-05-05T20:16:09ZAudioCodes Q1 Earnings Call Highlights
MarketBeat âĸ 2026-05-05T14:14:49ZAudioCodes' (NASDAQ:AUDC) Soft Earnings Are Actually Better Than They Appear
Simply Wall St. âĸ 2026-04-06T18:47:01ZDo These 3 Checks Before Buying AudioCodes Ltd. (NASDAQ:AUDC) For Its Upcoming Dividend
Simply Wall St. âĸ 2026-02-15T12:15:37ZAudioCodes' (NASDAQ:AUDC) Dividend Will Be $0.20
Simply Wall St. âĸ 2026-02-06T10:06:28ZAudioCodes Ltd. Q4 2025 Earnings Call Summary
Moby âĸ 2026-02-04T13:30:00ZAudioCodes Ltd (AUDC) Q4 2025 Earnings Call Highlights: Navigating Growth and Challenges in AI ...
GuruFocus.com âĸ 2026-02-03T21:03:22ZAudioCodes Q4 Earnings Call Highlights
MarketBeat âĸ 2026-02-03T17:38:00ZIncome Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $85,972,000 | $84,015,000 | $86,034,000 | $96,315,000 |
| Cost Of Revenue | $85,972,000 | $84,015,000 | $86,034,000 | $96,315,000 |
| Total Revenue | $245,604,000 | $242,176,000 | $244,383,000 | $275,093,000 |
| Operating Revenue | $245,604,000 | $242,176,000 | $244,383,000 | $275,093,000 |
| Expenses | ||||
| Interest Expense | $188,000 | $296,000 | $327,000 | $358,000 |
| Total Expenses | $231,565,000 | $224,985,000 | $229,959,000 | $243,774,000 |
| Other Income Expense | $-3,083,000 | $-4,706,000 | $-2,761,000 | $418,000 |
| Net Non Operating Interest Income Expense | $2,622,000 | $2,611,000 | $2,709,000 | $2,446,000 |
| Interest Expense Non Operating | $188,000 | $296,000 | $327,000 | $358,000 |
| Operating Expense | $145,593,000 | $140,970,000 | $143,925,000 | $147,459,000 |
| Selling And Marketing Expense | $77,242,000 | $71,167,000 | $70,243,000 | $70,123,000 |
| General And Administrative Expense | $15,760,000 | $17,678,000 | $16,513,000 | $17,494,000 |
| Total Other Finance Cost | - | - | $327,000 | $358,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $8,955,000 | $15,311,000 | $8,780,000 | $28,466,000 |
| Net Interest Income | $2,622,000 | $2,611,000 | $2,709,000 | $2,446,000 |
| Interest Income | $2,810,000 | $2,907,000 | $3,036,000 | $2,804,000 |
| Normalized Income | $10,724,707 | $18,072,220 | $9,643,216 | $26,857,954 |
| Net Income From Continuing And Discontinued Operation | $8,955,000 | $15,311,000 | $8,780,000 | $28,466,000 |
| Total Operating Income As Reported | $14,039,000 | $17,191,000 | $14,424,000 | $31,319,000 |
| Net Income Common Stockholders | $8,955,000 | $15,311,000 | $8,780,000 | $28,466,000 |
| Net Income | $8,955,000 | $15,311,000 | $8,780,000 | $28,466,000 |
| Net Income Including Noncontrolling Interests | $8,955,000 | $15,311,000 | $8,780,000 | $28,466,000 |
| Net Income Continuous Operations | $8,955,000 | $15,311,000 | $8,780,000 | $28,466,000 |
| Pretax Income | $13,578,000 | $15,096,000 | $14,372,000 | $34,183,000 |
| Interest Income Non Operating | $2,810,000 | $2,907,000 | $3,036,000 | $2,804,000 |
| Operating Income | $14,039,000 | $17,191,000 | $14,424,000 | $31,319,000 |
| Gross Profit | $159,632,000 | $158,161,000 | $158,349,000 | $178,778,000 |
| Per Share | ||||
| Diluted EPS | $0.31 | $0.50 | $0.28 | $0.88 |
| Basic EPS | $0.31 | $0.51 | $0.28 | $0.89 |
| Other | ||||
| Tax Effect Of Unusual Items | $-913,293 | $-824,780 | $-549,784 | $322,954 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $20,684,000 | $22,861,000 | $18,708,000 | $35,594,000 |
| Total Unusual Items | $-2,683,000 | $-3,586,000 | $-1,413,000 | $1,931,000 |
| Total Unusual Items Excluding Goodwill | $-2,683,000 | $-3,586,000 | $-1,413,000 | $1,931,000 |
| Reconciled Depreciation | $4,235,000 | $3,883,000 | $2,596,000 | $2,984,000 |
| EBITDA (Bullshit earnings) | $18,001,000 | $19,275,000 | $17,295,000 | $37,525,000 |
| EBIT | $13,766,000 | $15,392,000 | $14,699,000 | $34,541,000 |
| Diluted Average Shares | $28,984,000 | $30,642,000 | $31,579,000 | $32,500,000 |
| Basic Average Shares | $28,498,000 | $30,162,000 | $31,401,000 | $31,849,000 |
| Diluted NI Availto Com Stockholders | $8,955,000 | $15,311,000 | $8,780,000 | $28,466,000 |
| Tax Provision | $4,623,000 | $-215,000 | $5,592,000 | $5,717,000 |
| Securities Amortization | $400,000 | $1,120,000 | $1,348,000 | $1,513,000 |
| Gain On Sale Of Security | $-2,683,000 | $-3,586,000 | $-1,413,000 | $1,931,000 |
| Research And Development | $52,591,000 | $52,125,000 | $57,169,000 | $59,842,000 |
| Selling General And Administration | $93,002,000 | $88,845,000 | $86,756,000 | $87,617,000 |
| Other Gand A | $15,760,000 | $17,678,000 | $16,513,000 | $17,494,000 |
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $133,720,000 | $153,765,000 | $149,531,000 | $150,634,000 |
| Total Assets | $323,020,000 | $335,901,000 | $337,517,000 | $323,831,000 |
| Total Non Current Assets | $141,695,000 | $173,025,000 | $194,856,000 | $173,901,000 |
| Non Current Deferred Assets | $7,773,000 | $9,838,000 | $6,208,000 | $9,073,000 |
| Non Current Deferred Taxes Assets | $7,773,000 | $9,838,000 | $6,208,000 | $9,073,000 |
| Non Current Accounts Receivable | $13,065,000 | $15,753,000 | $16,798,000 | $13,099,000 |
| Investmentin Financial Assets | $2,790,000 | $31,526,000 | $68,462,000 | $77,188,000 |
| Goodwill And Other Intangible Assets | $37,579,000 | $38,049,000 | $38,581,000 | $39,126,000 |
| Other Intangible Assets | $19,000 | $489,000 | $1,021,000 | $1,566,000 |
| Current Assets | $181,325,000 | $162,876,000 | $142,661,000 | $149,930,000 |
| Inventory | $22,032,000 | $31,463,000 | $43,959,000 | $36,377,000 |
| Receivables | $86,422,000 | $69,028,000 | $60,506,000 | $66,430,000 |
| Other Receivables | $19,064,000 | $13,012,000 | $9,381,000 | $10,006,000 |
| Accounts Receivable | $67,358,000 | $56,016,000 | $51,125,000 | $56,424,000 |
| Allowance For Doubtful Accounts Receivable | $-800,000 | $-647,000 | $-505,000 | $-463,000 |
| Gross Accounts Receivable | $68,158,000 | $56,663,000 | $51,630,000 | $56,887,000 |
| Cash Cash Equivalents And Short Term Investments | $72,871,000 | $62,385,000 | $38,196,000 | $47,123,000 |
| Cash And Cash Equivalents | $45,282,000 | $58,749,000 | $30,546,000 | $24,535,000 |
| Restricted Cash | - | - | - | $0 |
| Other Non Current Assets | - | - | - | - |
| Debt | ||||
| Total Debt | $37,983,000 | $36,462,000 | $39,282,000 | $13,720,000 |
| Long Term Debt And Capital Lease Obligation | $31,348,000 | $30,508,000 | $31,404,000 | $5,551,000 |
| Current Debt And Capital Lease Obligation | $6,635,000 | $5,954,000 | $7,878,000 | $8,169,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $151,721,000 | $144,087,000 | $149,405,000 | $134,071,000 |
| Total Non Current Liabilities Net Minority Interest | $70,143,000 | $66,329,000 | $65,208,000 | $39,614,000 |
| Other Non Current Liabilities | $20,517,000 | $19,434,000 | $17,142,000 | $16,308,000 |
| Current Liabilities | $81,578,000 | $77,758,000 | $84,197,000 | $94,457,000 |
| Current Deferred Liabilities | $38,243,000 | $38,438,000 | $38,820,000 | $36,634,000 |
| Payables And Accrued Expenses | $20,201,000 | $15,464,000 | $18,186,000 | $23,801,000 |
| Payables | $7,961,000 | $8,625,000 | $9,830,000 | $14,144,000 |
| Other Payable | $1,545,000 | $1,082,000 | $2,274,000 | $2,806,000 |
| Accounts Payable | $6,416,000 | $7,543,000 | $7,556,000 | $11,338,000 |
| Other Current Liabilities | - | - | $461,000 | $5,150,000 |
| Non Current Deferred Liabilities | - | - | - | $16,308,000 |
| Equity | ||||
| Common Stock Equity | $171,299,000 | $191,814,000 | $188,112,000 | $189,760,000 |
| Total Equity Gross Minority Interest | $171,299,000 | $191,814,000 | $188,112,000 | $189,760,000 |
| Stockholders Equity | $171,299,000 | $191,814,000 | $188,112,000 | $189,760,000 |
| Gains Losses Not Affecting Retained Earnings | $6,416,000 | $1,114,000 | $-3,905,000 | $-10,953,000 |
| Other Equity Adjustments | $6,416,000 | $1,114,000 | $-3,905,000 | $-10,953,000 |
| Retained Earnings | $23,224,000 | $25,203,000 | $20,788,000 | $23,407,000 |
| Other | ||||
| Treasury Shares Number | $38,640,823 | $35,490,462 | $34,104,830 | $32,309,899 |
| Ordinary Shares Number | $27,089,259 | $29,679,755 | $30,506,753 | $31,688,544 |
| Share Issued | $65,730,082 | $65,170,217 | $64,611,583 | $63,998,443 |
| Tangible Book Value | $133,720,000 | $153,765,000 | $149,531,000 | $150,634,000 |
| Invested Capital | $171,299,000 | $191,814,000 | $188,112,000 | $189,760,000 |
| Working Capital | $99,747,000 | $85,118,000 | $58,464,000 | $55,473,000 |
| Capital Lease Obligations | $37,983,000 | $36,462,000 | $39,282,000 | $13,720,000 |
| Total Capitalization | $171,299,000 | $191,814,000 | $188,112,000 | $189,760,000 |
| Treasury Stock | $280,930,000 | $250,331,000 | $236,003,000 | $217,744,000 |
| Additional Paid In Capital | $422,477,000 | $415,716,000 | $407,122,000 | $394,941,000 |
| Capital Stock | $112,000 | $112,000 | $110,000 | $109,000 |
| Common Stock | $112,000 | $112,000 | $110,000 | $109,000 |
| Employee Benefits | $18,278,000 | $16,387,000 | $16,662,000 | $17,755,000 |
| Non Current Pension And Other Postretirement Benefit Plans | $18,278,000 | $16,387,000 | $16,662,000 | $17,755,000 |
| Long Term Capital Lease Obligation | $31,348,000 | $30,508,000 | $31,404,000 | $5,551,000 |
| Current Deferred Revenue | $38,243,000 | $38,438,000 | $38,820,000 | $36,634,000 |
| Current Capital Lease Obligation | $6,635,000 | $5,954,000 | $7,878,000 | $8,169,000 |
| Pensionand Other Post Retirement Benefit Plans Current | $14,344,000 | $16,227,000 | $16,715,000 | $17,999,000 |
| Current Provisions | $2,155,000 | $1,675,000 | $2,137,000 | $2,704,000 |
| Current Accrued Expenses | $12,240,000 | $6,839,000 | $8,356,000 | $9,657,000 |
| Defined Pension Benefit | $21,163,000 | $18,004,000 | $17,202,000 | $17,933,000 |
| Investments And Advances | $2,790,000 | $31,526,000 | $68,462,000 | $77,188,000 |
| Available For Sale Securities | $2,790,000 | $31,526,000 | $68,462,000 | $77,188,000 |
| Goodwill | $37,560,000 | $37,560,000 | $37,560,000 | $37,560,000 |
| Net PPE | $59,325,000 | $59,855,000 | $47,605,000 | $17,482,000 |
| Accumulated Depreciation | $-14,613,000 | $-14,730,000 | $-20,522,000 | $-38,108,000 |
| Gross PPE | $73,938,000 | $74,585,000 | $68,127,000 | $55,590,000 |
| Leases | $22,449,000 | $22,040,000 | $8,748,000 | $3,375,000 |
| Other Properties | $30,077,000 | $32,534,000 | $36,712,000 | $13,517,000 |
| Machinery Furniture Equipment | $21,412,000 | $20,011,000 | $22,667,000 | $38,698,000 |
| Properties | $0 | $0 | $0 | $0 |
| Finished Goods | $13,216,000 | $17,435,000 | $25,217,000 | $21,836,000 |
| Raw Materials | $8,816,000 | $14,028,000 | $18,742,000 | $14,541,000 |
| Other Short Term Investments | $27,589,000 | $3,636,000 | $7,650,000 | $22,588,000 |
| Non Current Deferred Revenue | - | - | - | $16,308,000 |
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $22,889,000 | $10,973,000 | $8,926,000 | $6,794,000 |
| Operating Activities | ||||
| Operating Cash Flow | $29,361,000 | $35,253,000 | $14,891,000 | $8,281,000 |
| Cash Flow From Continuing Operating Activities | $29,361,000 | $35,253,000 | $14,891,000 | $8,281,000 |
| Operating Gains Losses | - | $882,000 | $218,000 | - |
| Investing Activities | ||||
| Capital Expenditure | $-6,472,000 | $-24,280,000 | $-5,965,000 | $-1,487,000 |
| Investing Cash Flow | $-1,546,000 | $17,806,000 | $19,976,000 | $-19,673,000 |
| Cash Flow From Continuing Investing Activities | $-1,546,000 | $17,806,000 | $19,976,000 | $-19,673,000 |
| Net Other Investing Changes | - | - | - | $-4,990,000 |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $-30,599,000 | $-14,328,000 | $-18,259,000 | $-38,099,000 |
| Financing Cash Flow | $-41,282,000 | $-24,856,000 | $-28,856,000 | $-48,596,000 |
| Cash Flow From Continuing Financing Activities | $-41,282,000 | $-24,856,000 | $-28,856,000 | $-48,596,000 |
| Cash Dividends Paid | $-10,934,000 | $-10,896,000 | $-11,399,000 | $-11,552,000 |
| Common Stock Dividend Paid | $-10,934,000 | $-10,896,000 | $-11,399,000 | $-11,552,000 |
| Net Common Stock Issuance | $-30,599,000 | $-14,328,000 | $-18,259,000 | $-38,099,000 |
| Issuance Of Capital Stock | - | - | - | $0 |
| Common Stock Issuance | - | - | - | $0 |
| Other | ||||
| Income Tax Paid Supplemental Data | $3,790,000 | $5,784,000 | $4,196,000 | $4,024,000 |
| End Cash Position | $45,282,000 | $58,749,000 | $30,546,000 | $24,535,000 |
| Beginning Cash Position | $58,749,000 | $30,546,000 | $24,535,000 | $84,523,000 |
| Changes In Cash | $-13,467,000 | $28,203,000 | $6,011,000 | $-59,988,000 |
| Proceeds From Stock Option Exercised | $251,000 | $368,000 | $802,000 | $1,055,000 |
| Common Stock Payments | $-30,599,000 | $-14,328,000 | $-18,259,000 | $-38,099,000 |
| Net Investment Purchase And Sale | $4,926,000 | $42,086,000 | $25,941,000 | $-17,086,000 |
| Sale Of Investment | $5,478,000 | $42,761,000 | $26,022,000 | $4,529,000 |
| Purchase Of Investment | $-552,000 | $-675,000 | $-81,000 | $-21,615,000 |
| Net PPE Purchase And Sale | $-6,472,000 | $-24,280,000 | $-5,965,000 | $-1,487,000 |
| Purchase Of PPE | $-6,472,000 | $-24,280,000 | $-5,965,000 | $-1,487,000 |
| Change In Working Capital | $8,687,000 | $5,516,000 | $-8,995,000 | $-38,912,000 |
| Change In Other Working Capital | $2,162,000 | $-2,781,000 | $4,581,000 | $-250,000 |
| Change In Other Current Liabilities | $296,000 | $-4,651,000 | $-6,914,000 | $-9,509,000 |
| Change In Other Current Assets | $3,682,000 | $6,009,000 | $9,281,000 | $6,639,000 |
| Change In Payables And Accrued Expense | $8,002,000 | $2,133,000 | $-10,377,000 | $-951,000 |
| Change In Accrued Expense | $-1,268,000 | $-1,077,000 | $-362,000 | $-349,000 |
| Change In Payable | $9,270,000 | $3,210,000 | $-10,015,000 | $-602,000 |
| Change In Account Payable | $-232,000 | $-13,000 | $-3,782,000 | $3,475,000 |
| Change In Inventory | $9,251,000 | $12,283,000 | $-7,791,000 | $-12,653,000 |
| Change In Receivables | $-14,706,000 | $-7,477,000 | $2,225,000 | $-22,188,000 |
| Changes In Account Receivables | $-8,654,000 | $-3,846,000 | $1,600,000 | $-20,567,000 |
| Other Non Cash Items | $574,000 | $313,000 | $-218,000 | $-892,000 |
| Stock Based Compensation | $6,510,000 | $8,228,000 | $11,380,000 | $15,122,000 |
| Amortization Of Securities | $400,000 | $1,120,000 | $1,130,000 | $1,513,000 |
| Depreciation Amortization Depletion | $4,235,000 | $3,883,000 | $2,596,000 | $2,984,000 |
| Depreciation And Amortization | $4,235,000 | $3,883,000 | $2,596,000 | $2,984,000 |
| Net Income From Continuing Operations | $8,955,000 | $15,311,000 | $8,780,000 | $28,466,000 |
| Net Business Purchase And Sale | - | $0 | $0 | $-1,100,000 |
| Purchase Of Business | - | $0 | $0 | $-1,100,000 |
| Gain Loss On Investment Securities | - | $882,000 | $218,000 | - |
| Repayment Of Debt | - | - | $0 | $0 |
| Interest Paid Supplemental Data | - | - | $0 | $0 |
| Net Issuance Payments Of Debt | - | - | $0 | $0 |
| Net Long Term Debt Issuance | - | - | $0 | $0 |
| Long Term Debt Payments | - | - | $0 | $0 |
| Change In Interest Payable | - | - | - | - |