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10-Q Filing

HARMAN INTERNATIONAL INDUSTRIES INC /DE/ CIK: 800459 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0001193125-15-357577
Period End Date 20150930
Filing Date 20151029
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance har-20150930.xml
Filing Contents
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $581.31M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $402.16M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $397.76M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $649.51M USD Point-in-time
Receivables, net ReceivablesNetCurrent $1.02B USD Point-in-time
Receivables, net ReceivablesNetCurrent $1.05B USD Point-in-time
Inventories InventoryNet $846.30M USD Point-in-time
Inventories InventoryNet $693.57M USD Point-in-time
Other current assets OtherAssetsCurrent $581.54M USD Point-in-time
Other current assets OtherAssetsCurrent $575.38M USD Point-in-time
Total current assets AssetsCurrent $2.87B USD Point-in-time
Total current assets AssetsCurrent $2.95B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $552.42M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $547.14M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $669.67M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $542.08M USD Point-in-time
Goodwill Goodwill $1.29B USD Point-in-time
Goodwill Goodwill $1.35B USD Point-in-time
Deferred tax assets, long-term, net DeferredTaxAssetsNetNoncurrent $43.71M USD Point-in-time
Deferred tax assets, long-term, net DeferredTaxAssetsNetNoncurrent $71.48M USD Point-in-time
Other assets OtherAssetsNoncurrent $431.47M USD Point-in-time
Other assets OtherAssetsNoncurrent $428.01M USD Point-in-time
Total assets Assets $5.81B USD Point-in-time
Total assets Assets $5.93B USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $4.47M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $4.55M USD Point-in-time
Short-term debt ShortTermBorrowings $1.02M USD Point-in-time
Short-term debt ShortTermBorrowings $480.00K USD Point-in-time
Accounts payable AccountsPayableCurrent $918.91M USD Point-in-time
Accounts payable AccountsPayableCurrent $870.42M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $956.42M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $954.72M USD Point-in-time
Accrued warranties ProductWarrantyAccrualClassifiedCurrent $169.55M USD Point-in-time
Accrued warranties ProductWarrantyAccrualClassifiedCurrent $163.33M USD Point-in-time
Accrued warranties ProductWarrantyAccrualClassifiedCurrent $155.47M USD Point-in-time
Accrued warranties ProductWarrantyAccrualClassifiedCurrent $160.03M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $76.13M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $79.21M USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.08B USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.12B USD Point-in-time
Borrowings under revolving credit facility LongTermLineOfCredit $283.12M USD Point-in-time
Borrowings under revolving credit facility LongTermLineOfCredit $258.12M USD Point-in-time
Long-term debt UnsecuredLongTermDebt $797.54M USD Point-in-time
Long-term debt UnsecuredLongTermDebt $797.64M USD Point-in-time
Pension liability PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $186.66M USD Point-in-time
Pension liability PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $187.14M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $113.81M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $149.23M USD Point-in-time
Total liabilities Liabilities $3.44B USD Point-in-time
Total liabilities Liabilities $3.54B USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Preferred stock PreferredStockValue - USD Point-in-time
Preferred stock PreferredStockValue - USD Point-in-time
Common stock CommonStockValue $1.01M USD Point-in-time
Common stock CommonStockValue $1.01M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.37B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.37B USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $11.43M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $-32.26M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.29B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.23B USD Point-in-time
Less: Common stock held in treasury TreasuryStockValue $1.23B USD Point-in-time
Less: Common stock held in treasury TreasuryStockValue $1.27B USD Point-in-time
Total Harman International Industries, Incorporated shareholders' equity StockholdersEquity $2.36B USD Point-in-time
Total Harman International Industries, Incorporated shareholders' equity StockholdersEquity $2.37B USD Point-in-time
Noncontrolling interest MinorityInterest $18.63M USD Point-in-time
Noncontrolling interest MinorityInterest $18.21M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.85B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.39B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.79B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.38B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $5.81B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $5.93B USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $1.43B USD 1 Quarter
Net sales SalesRevenueNet $1.63B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $1.01B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $1.14B USD 1 Quarter
Gross profit GrossProfit $487.40M USD 1 Quarter
Gross profit GrossProfit $414.63M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $298.85M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $355.93M USD 1 Quarter
Operating income OperatingIncomeLoss $115.78M USD 1 Quarter
Operating income OperatingIncomeLoss $131.47M USD 1 Quarter
Interest expense, net InterestExpense $2.68M USD 1 Quarter
Interest expense, net InterestExpense $8.26M USD 1 Quarter
Foreign exchange (gains) losses, net ForeignCurrencyTransactionGainLossRealized $1.84M USD 1 Quarter
Foreign exchange (gains) losses, net ForeignCurrencyTransactionGainLossRealized $-60.00K USD 1 Quarter
Miscellaneous, net OtherNonoperatingIncomeExpense $-2.34M USD 1 Quarter
Miscellaneous, net OtherNonoperatingIncomeExpense $-3.99M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $110.71M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $121.07M USD 1 Quarter
Income tax expense, net IncomeTaxExpenseBenefit $27.77M USD 1 Quarter
Income tax expense, net IncomeTaxExpenseBenefit $33.55M USD 1 Quarter
Net income ProfitLoss $87.52M USD 1 Quarter
Net income ProfitLoss $82.93M USD 1 Quarter
Net income (loss) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-39.00K USD 1 Quarter
Net income (loss) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $418.00K USD 1 Quarter
Net income attributable to Harman International Industries, Incorporated NetIncomeLoss $87.10M USD 1 Quarter
Net income attributable to Harman International Industries, Incorporated NetIncomeLoss $82.97M USD 1 Quarter
Basic IncomeLossFromContinuingOperationsPerBasicShare $1.21 USD 1 Quarter
Basic IncomeLossFromContinuingOperationsPerBasicShare $1.20 USD 1 Quarter
Diluted IncomeLossFromContinuingOperationsPerDilutedShare $1.18 USD 1 Quarter
Diluted IncomeLossFromContinuingOperationsPerDilutedShare $1.20 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 69.30M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 72.03M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 70.19M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 72.56M shares 1 Quarter
Cash Flow Statement 86 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $87.52M USD 1 Quarter
Net income ProfitLoss $82.93M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $37.43M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $56.82M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $22.94M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $10.52M USD 1 Quarter
Loss (gain) on disposition of assets GainLossOnDispositionOfAssets $1.04M USD 1 Quarter
Loss (gain) on disposition of assets GainLossOnDispositionOfAssets $-170.00K USD 1 Quarter
Share-based compensation ShareBasedCompensation $10.82M USD 1 Quarter
Share-based compensation ShareBasedCompensation $8.39M USD 1 Quarter
Excess tax benefit from share-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $1.88M USD 1 Quarter
Excess tax benefit from share-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $2.80M USD 1 Quarter
Non-cash interest expense NoncashInterestExpense $711.00K USD 1 Quarter
Non-cash interest expense NoncashInterestExpense $545.00K USD 1 Quarter
Non-cash increase in contingent consideration NonCashAdditionReductionInContingentConsideration $457.00K USD 1 Quarter
Non-cash increase in contingent consideration NonCashAdditionReductionInContingentConsideration $1.02M USD 1 Quarter
Receivables, net IncreaseDecreaseInReceivables $31.11M USD 1 Quarter
Receivables, net IncreaseDecreaseInReceivables $45.04M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $110.20M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $160.00M USD 1 Quarter
Other current assets IncreaseDecreaseInOtherOperatingAssets $42.18M USD 1 Quarter
Other current assets IncreaseDecreaseInOtherOperatingAssets $21.93M USD 1 Quarter
Pre-production and development costs IncreaseDecreaseInPreproductionAndDevelopmentCosts $-1.68M USD 1 Quarter
Pre-production and development costs IncreaseDecreaseInPreproductionAndDevelopmentCosts $-14.65M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-45.93M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $73.64M USD 1 Quarter
Accrued warranties IncreaseDecreaseInAccruedWarranties $6.00M USD 1 Quarter
Accrued warranties IncreaseDecreaseInAccruedWarranties $14.78M USD 1 Quarter
Accrued other liabilities IncreaseDecreaseInOtherAccruedLiabilities $12.22M USD 1 Quarter
Accrued other liabilities IncreaseDecreaseInOtherAccruedLiabilities $-18.31M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-48.00K USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $4.12M USD 1 Quarter
Net change in derivative assets and liabilities IncreaseDecreaseInDerivativeAssetsAndLiabilities $49.85M USD 1 Quarter
Net change in derivative assets and liabilities IncreaseDecreaseInDerivativeAssetsAndLiabilities $11.89M USD 1 Quarter
Other operating activities IncreaseDecreaseInOtherOperatingCapitalNet $13.87M USD 1 Quarter
Other operating activities IncreaseDecreaseInOtherOperatingCapitalNet $-2.79M USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $13.70M USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-152.30M USD 1 Quarter
Acquisitions, net of cash received PaymentsToAcquireBusinessesNetOfCashAcquired $-491.00K USD 1 Quarter
Acquisitions, net of cash received PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $37.80M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $35.05M USD 1 Quarter
Proceeds from asset dispositions ProceedsFromSaleOfProductiveAssets $32.00K USD 1 Quarter
Proceeds from asset dispositions ProceedsFromSaleOfProductiveAssets $4.47M USD 1 Quarter
Other items, net PaymentsForProceedsFromOtherInvestingActivities $-2.53M USD 1 Quarter
Other items, net PaymentsForProceedsFromOtherInvestingActivities $-218.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-34.75M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-30.36M USD 1 Quarter
(Decrease) in short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $-770.00K USD 1 Quarter
(Decrease) in short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $-542.00K USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $26.08M USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $107.50M USD 1 Quarter
Cash dividends to shareholders PaymentsOfDividends $24.92M USD 1 Quarter
Cash dividends to shareholders PaymentsOfDividends $22.52M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $37.10M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $2.55M USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $6.01M USD 1 Quarter
Repurchases related to share-based compensation arrangements PaymentsForRepurchaseOfOtherEquity $11.72M USD 1 Quarter
Repurchases related to share-based compensation arrangements PaymentsForRepurchaseOfOtherEquity $21.67M USD 1 Quarter
Excess tax benefit from share-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $2.80M USD 1 Quarter
Excess tax benefit from share-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $1.88M USD 1 Quarter
Payment of contingent consideration PaymentOfContingentConsideration - USD 1 Quarter
Payment of contingent consideration PaymentOfContingentConsideration $327.00K USD 1 Quarter
Other items, net ProceedsFromPaymentsForOtherFinancingActivities $188.00K USD 1 Quarter
Other items, net ProceedsFromPaymentsForOtherFinancingActivities $-1.36M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-97.61M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-143.47M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-23.43M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $37.30M USD 1 Quarter
Net (Decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-247.35M USD 1 Quarter
Net (Decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-183.55M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $581.31M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $402.16M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $397.76M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $649.51M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $581.31M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $402.16M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $397.76M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $649.51M USD Point-in-time
Interest paid, net InterestPaidNet $1.93M USD 1 Quarter
Interest paid, net InterestPaidNet $1.65M USD 1 Quarter
Income taxes paid IncomeTaxesPaid $9.25M USD 1 Quarter
Income taxes paid IncomeTaxesPaid $1.39M USD 1 Quarter
Accrued and contingent acquisition-related liabilities ChangesInNonCashAccruedAndContingentAcquisitionRelatedLiabilities $886.00K USD 1 Quarter
Accrued and contingent acquisition-related liabilities ChangesInNonCashAccruedAndContingentAcquisitionRelatedLiabilities $-457.00K USD 1 Quarter
Comprehensive Income 28 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $87.52M USD 1 Quarter
Net income ProfitLoss $82.93M USD 1 Quarter
Net income (loss) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-39.00K USD 1 Quarter
Net income (loss) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $418.00K USD 1 Quarter
Net income attributable to Harman International Industries, Incorporated NetIncomeLoss $87.10M USD 1 Quarter
Net income attributable to Harman International Industries, Incorporated NetIncomeLoss $82.97M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-81.42M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-33.34M USD 1 Quarter
Unrealized (losses) gains on hedging derivatives, net of taxes OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-9.58M USD 1 Quarter
Unrealized (losses) gains on hedging derivatives, net of taxes OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $81.86M USD 1 Quarter
Pension liability adjustment, net of taxes OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-977.00K USD 1 Quarter
Pension liability adjustment, net of taxes OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $683.00K USD 1 Quarter
Unrealized (losses) gains on available for sale securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $39.00K USD 1 Quarter
Unrealized (losses) gains on available for sale securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-85.00K USD 1 Quarter
Other comprehensive (loss) income, net of taxes OtherComprehensiveIncomeLossNetOfTax $-43.69M USD 1 Quarter
Other comprehensive (loss) income, net of taxes OtherComprehensiveIncomeLossNetOfTax $1.47M USD 1 Quarter
Other comprehensive income, net of taxes attributable to noncontrolling interest OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest $4.00K USD 1 Quarter
Other comprehensive income, net of taxes attributable to noncontrolling interest OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest - USD 1 Quarter
Other comprehensive (loss) income, net of taxes attributable to Harman International Industries, Incorporated OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $1.46M USD 1 Quarter
Other comprehensive (loss) income, net of taxes attributable to Harman International Industries, Incorporated OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-43.69M USD 1 Quarter
Comprehensive income, net of taxes ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $43.82M USD 1 Quarter
Comprehensive income, net of taxes ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $84.40M USD 1 Quarter
Comprehensive income (loss), net of taxes attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-35.00K USD 1 Quarter
Comprehensive income (loss), net of taxes attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $418.00K USD 1 Quarter
Comprehensive income, net of taxes attributable to Harman International Industries, Incorporated ComprehensiveIncomeNetOfTax $43.41M USD 1 Quarter
Comprehensive income, net of taxes attributable to Harman International Industries, Incorporated ComprehensiveIncomeNetOfTax $84.43M USD 1 Quarter
Comprehensive income, net of taxes attributable to Harman International Industries, Incorporated ComprehensiveIncomeNetOfTax $43.41M USD 1 Quarter
Comprehensive income, net of taxes attributable to Harman International Industries, Incorporated ComprehensiveIncomeNetOfTax $84.43M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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