| Schedule of segment reporting information, by segment |
The following tables set forth certain financial information with respect to the Company’s reportable segments (in thousands):
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Three months ended June 30, 2018 |
Pressure Pumping |
Infrastructure |
Sand |
Drilling |
All Other |
Eliminations |
Total |
Revenue from external customers |
$ |
100,333 |
|
$ |
360,250 |
|
$ |
37,439 |
|
$ |
17,126 |
|
$ |
18,446 |
|
$ |
— |
|
$ |
533,594 |
|
Intersegment revenues |
1,073 |
|
— |
|
15,406 |
|
84 |
|
1,721 |
|
(18,284 |
) |
— |
|
Total revenue |
101,406 |
|
360,250 |
|
52,845 |
|
17,210 |
|
20,167 |
|
(18,284 |
) |
533,594 |
|
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion |
61,593 |
|
210,189 |
|
35,117 |
|
15,280 |
|
17,649 |
|
— |
|
339,828 |
|
Intersegment cost of revenues |
16,174 |
|
754 |
|
1,019 |
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(40 |
) |
129 |
|
(18,036 |
) |
— |
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Total cost of revenue |
77,767 |
|
210,943 |
|
36,136 |
|
15,240 |
|
17,778 |
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(18,036 |
) |
339,828 |
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Selling, general and administrative |
20,822 |
|
39,786 |
|
1,787 |
|
1,591 |
|
1,141 |
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— |
|
65,127 |
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Depreciation, depletion, amortization and accretion |
13,829 |
|
4,094 |
|
3,881 |
|
5,349 |
|
3,642 |
|
— |
|
30,795 |
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Impairment of long-lived assets |
— |
|
— |
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— |
|
187 |
|
— |
|
— |
|
187 |
|
Operating income (loss) |
(11,012 |
) |
105,427 |
|
11,041 |
|
(5,157 |
) |
(2,394 |
) |
(248 |
) |
97,657 |
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Interest expense, net |
341 |
|
106 |
|
76 |
|
265 |
|
171 |
|
— |
|
959 |
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Other expense |
80 |
|
330 |
|
36 |
|
32 |
|
8 |
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— |
|
486 |
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Income (loss) before income taxes |
$ |
(11,433 |
) |
$ |
104,991 |
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$ |
10,929 |
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$ |
(5,454 |
) |
$ |
(2,573 |
) |
$ |
(248 |
) |
$ |
96,212 |
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Three months ended June 30, 2017 |
Pressure Pumping |
Infrastructure |
Sand |
Drilling |
All Other |
Eliminations |
Total |
Revenue from external customers |
$ |
49,924 |
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$ |
1,709 |
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$ |
24,000 |
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$ |
12,472 |
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$ |
10,157 |
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$ |
— |
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$ |
98,262 |
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Intersegment revenues |
272 |
|
— |
|
762 |
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— |
|
85 |
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(1,119 |
) |
— |
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Total revenue |
50,196 |
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1,709 |
|
24,762 |
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12,472 |
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10,242 |
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(1,119 |
) |
98,262 |
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Cost of revenue, exclusive of depreciation, depletion, amortization and accretion |
35,826 |
|
1,626 |
|
19,974 |
|
12,033 |
|
7,881 |
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— |
|
77,340 |
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Intersegment cost of revenues |
847 |
|
— |
|
267 |
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— |
|
5 |
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(1,119 |
) |
— |
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Total cost of revenue |
36,673 |
|
1,626 |
|
20,241 |
|
12,033 |
|
7,886 |
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(1,119 |
) |
77,340 |
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Selling, general and administrative |
2,403 |
|
307 |
|
2,416 |
|
1,435 |
|
1,139 |
|
— |
|
7,700 |
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Depreciation, depletion, amortization and accretion |
9,626 |
|
340 |
|
2,206 |
|
4,974 |
|
2,747 |
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— |
|
19,893 |
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Operating income (loss) |
1,494 |
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(564 |
) |
(101 |
) |
(5,970 |
) |
(1,530 |
) |
— |
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(6,671 |
) |
Interest expense, net |
303 |
|
4 |
|
353 |
|
440 |
|
12 |
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— |
|
1,112 |
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Bargain purchase gain |
— |
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— |
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(4,012 |
) |
— |
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— |
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— |
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(4,012 |
) |
Other expense |
4 |
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— |
|
140 |
|
60 |
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(1 |
) |
— |
|
203 |
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Income (loss) before income taxes |
$ |
1,187 |
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$ |
(568 |
) |
$ |
3,418 |
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$ |
(6,470 |
) |
$ |
(1,541 |
) |
$ |
— |
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$ |
(3,974 |
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Six months ended June 30, 2018 |
Pressure Pumping |
Infrastructure |
Sand |
Drilling |
All Other |
Eliminations |
Total |
Revenue from external customers |
$ |
196,912 |
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$ |
685,709 |
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$ |
73,942 |
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$ |
32,354 |
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$ |
38,926 |
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$ |
— |
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$ |
1,027,843 |
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Intersegment revenues |
5,632 |
|
— |
|
29,918 |
|
86 |
|
4,136 |
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(39,772 |
) |
— |
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Total revenue |
202,544 |
|
685,709 |
|
103,860 |
|
32,440 |
|
43,062 |
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(39,772 |
) |
1,027,843 |
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Cost of revenue, exclusive of depreciation, depletion, amortization and accretion |
128,205 |
|
404,265 |
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68,447 |
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29,755 |
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35,257 |
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— |
|
665,929 |
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Intersegment cost of revenues |
31,576 |
|
2,545 |
|
5,305 |
|
122 |
|
234 |
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(39,782 |
) |
— |
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Total cost of revenue |
159,781 |
|
406,810 |
|
73,752 |
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29,877 |
|
35,491 |
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(39,782 |
) |
665,929 |
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Selling, general and administrative |
23,485 |
|
71,637 |
|
3,431 |
|
2,844 |
|
2,241 |
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— |
|
103,638 |
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Depreciation, depletion, amortization and accretion |
27,815 |
|
6,501 |
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6,197 |
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9,704 |
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7,486 |
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— |
|
57,703 |
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Impairment of long-lived assets |
— |
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— |
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— |
|
187 |
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— |
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— |
|
187 |
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Operating income (loss) |
(8,537 |
) |
200,761 |
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20,480 |
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(10,172 |
) |
(2,156 |
) |
10 |
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200,386 |
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Interest expense, net |
845 |
|
182 |
|
156 |
|
660 |
|
353 |
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— |
|
2,196 |
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Other expense |
92 |
|
332 |
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23 |
|
72 |
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(5 |
) |
— |
|
514 |
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Income (loss) before income taxes |
$ |
(9,474 |
) |
$ |
200,247 |
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$ |
20,301 |
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$ |
(10,904 |
) |
$ |
(2,504 |
) |
$ |
10 |
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$ |
197,676 |
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Six months ended June 30, 2017 |
Pressure Pumping |
Infrastructure |
Sand |
Drilling |
All Other |
Eliminations |
Total |
Revenue from external customers |
$ |
90,377 |
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$ |
1,709 |
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$ |
38,912 |
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$ |
23,223 |
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$ |
19,007 |
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$ |
— |
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$ |
173,228 |
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Intersegment revenues |
459 |
|
— |
|
1,447 |
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— |
|
85 |
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(1,991 |
) |
— |
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Total revenue |
90,836 |
|
1,709 |
|
40,359 |
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23,223 |
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19,092 |
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(1,991 |
) |
173,228 |
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Cost of revenue, exclusive of depreciation, depletion, amortization and accretion |
64,533 |
|
1,712 |
|
32,582 |
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22,986 |
|
14,025 |
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— |
|
135,838 |
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Intersegment cost of revenues |
1,532 |
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— |
|
454 |
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— |
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5 |
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(1,991 |
) |
— |
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Total cost of revenue |
66,065 |
|
1,712 |
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33,036 |
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22,986 |
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14,030 |
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(1,991 |
) |
135,838 |
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Selling, general and administrative |
4,180 |
|
355 |
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4,474 |
|
2,728 |
|
2,700 |
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— |
|
14,437 |
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Depreciation, depletion, amortization and accretion |
18,784 |
|
340 |
|
3,569 |
|
9,942 |
|
4,495 |
|
— |
|
37,130 |
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Operating income (loss) |
1,807 |
|
(698 |
) |
(720 |
) |
(12,433 |
) |
(2,133 |
) |
— |
|
(14,177 |
) |
Interest expense, net |
431 |
|
4 |
|
486 |
|
657 |
|
(69 |
) |
— |
|
1,509 |
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Bargain purchase gain |
— |
|
— |
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(4,012 |
) |
— |
|
— |
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— |
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(4,012 |
) |
Other expense |
7 |
|
— |
|
154 |
|
224 |
|
2 |
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— |
|
387 |
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Income (loss) before income taxes |
$ |
1,369 |
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$ |
(702 |
) |
$ |
2,652 |
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$ |
(13,314 |
) |
$ |
(2,066 |
) |
$ |
— |
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$ |
(12,061 |
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Pressure Pumping |
Infrastructure |
Sand |
Drilling |
All Other |
Eliminations |
Total |
As of June 30, 2018: |
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Total assets(a)
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$ |
277,895 |
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$ |
341,171 |
|
$ |
199,421 |
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$ |
92,578 |
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$ |
150,579 |
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$ |
(32,521 |
) |
$ |
1,029,123 |
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Goodwill |
$ |
86,043 |
|
$ |
891 |
|
$ |
2,684 |
|
$ |
— |
|
$ |
11,893 |
|
$ |
— |
|
$ |
101,511 |
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As of December 31, 2017: |
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Total assets(a)
|
$ |
297,140 |
|
$ |
205,275 |
|
$ |
190,859 |
|
$ |
88,527 |
|
$ |
243,767 |
|
$ |
(158,325 |
) |
$ |
867,243 |
|
Goodwill |
$ |
86,043 |
|
$ |
891 |
|
$ |
2,684 |
|
$ |
— |
|
$ |
10,193 |
|
$ |
— |
|
$ |
99,811 |
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a. |
Total assets included in the All Other column include Mammoth LLC corporate assets totaling $34.3 million and $148.8 million, respectively, as of June 30, 2018 and December 31, 2017, of which $16.9 million and $137.4 million are inter-segment accounts receivable which are eliminated in consolidation.
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