INGR
Ingredion Incorporated
NYSEUSDEQUITY
Consumer Defensive
DELAYED
Neutral
-18/100
Last price
96.75
▼ 0.10 (0.10%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
97.26
Prev close
96.85
Day high
97.83
Day low
96.50
Volume
568.52K
Market cap
$6.10B
P/E (TTM)
10.54
52W range
93.97 – 123.49
Day trading desk
Gap from prior close
+0.42%
Prior close 96.85
VWAP
96.97
-0.22% from price
Relative volume
1.57×
Unusually busy
Session range
1.37%
96.50 – 97.82
Position in range
19%
Near session low
ATR (14D)
1.73
1.79% of price
Prior day high
97.36
PDH
Prior day low
94.30
PDL
Bid / ask spread
—
Quote not published
Session volume
1.01M
Avg 644.83K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+0.30%
-1.6%
1M
-4.45%
-5.6%
3M
-1.24%
-5.8%
6M
-14.63%
-32.8%
YTD
-12.25%
-26.5%
1Y
-19.96%
-36.4%
3Y
-1.68%
-83.9%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on INGR open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+20.07K
Net buying
Buy transactions
14
21.73K shares
Sell transactions
1
1.66K shares
Net transactions
+15
Buys less sells
Sell : buy shares
0.1 : 1
Mixed
Insider-held shares
561.27K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 5, 26 | FISCHER DAVID B Director |
SELL | 1.66K | $170.04K | Direct |
| Jul 1, 26 | ESCOE T. KENNETH Director |
STOCK | 1.52K | $150.04K | Direct |
| May 20, 26 | REICH VICTORIA J Director |
STOCK | 1.80K | $192.89K | Direct |
| May 20, 26 | SUEVER CATHERINE A Director |
STOCK | 1.80K | $192.89K | Direct |
| May 20, 26 | URIBE JORGE A Director |
STOCK | 1.80K | $192.89K | Direct |
| May 20, 26 | JORDAN RHONDA L Director |
STOCK | 1.80K | $192.89K | Direct |
| May 20, 26 | WILSON DWAYNE ANDREE Director |
STOCK | 1.80K | $192.89K | Direct |
| May 20, 26 | VERDUIN PATRICIA Director |
STOCK | 1.80K | $192.89K | Direct |
| May 20, 26 | TANDA STEPHAN B Director |
STOCK | 1.80K | $192.89K | Direct |
| May 20, 26 | TALBOT SIOBHAN Director |
STOCK | 1.80K | $192.89K | Direct |
| May 20, 26 | FISCHER DAVID B Director |
STOCK | 1.80K | $192.89K | Direct |
| May 20, 26 | MAGRO CHARLES V. Director |
STOCK | 1.80K | $192.89K | Direct |
| Apr 16, 26 | TANDA STEPHAN B Director |
STOCK | 380 | $0 | Direct |
| Apr 15, 26 | URIBE JORGE A Director |
STOCK | 312 | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
FERNANDES LARRY |
Officer | 32.89K | Stock Award(Grant) |
GRAY JAMES D. |
Chief Financial Officer | 64.35K | Stock Award(Grant) |
JORDAN RHONDA L |
Director | 28.91K | Stock Award(Grant) |
KENNY GREGORY B |
Chairman of the Board | 66.66K | Stock Award(Grant) |
REICH VICTORIA J |
Director | 21.93K | Stock Award(Grant) |
RITCHIE ROBERT A |
Officer | 31.89K | Stock Award(Grant) |
SEIP DAVID ERIC |
Officer | 30.73K | Stock Award(Grant) |
URIBE JORGE A |
Director | 21.26K | Stock Award(Grant) |
WILSON DWAYNE ANDREE |
Director | 30.54K | Stock Award(Grant) |
ZALLIE JAMES P |
Chief Executive Officer | 135.37K | Stock Award(Grant) |
Fundamentals
Market cap$6.10B
Enterprise value$6.93B
Revenue (TTM)$7.22B
Gross profit$1.71B
EBITDA$1.15B
Net income$592.00M
EPS (TTM)$9.18
Free cash flow$457.25M
Total cash$952.00M
Total debt$1.78B
Book value / share$71.70
Shares outstanding63.06M
Float62.58M
Short % of float8.03%
Dividend yield3.43%
Beta (5Y)0.64
Valuation & profitability ratios
Trailing P/E10.54
Forward P/E8.59
PEG ratio1.11
Price / sales—
Price / book1.35
EV / revenue0.96
EV / EBITDA6.01
Gross margin23.73%
Operating margin12.60%
Profit margin8.20%
Return on equity13.69%
Return on assets7.33%
Debt / equity39.41
Current ratio2.80
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $7.22B | $7.43B | $8.16B | $7.95B | -2.8% |
| Operating revenue | $7.22B | $7.43B | $8.16B | $7.95B | -2.8% |
| Cost of revenue | $5.39B | $5.64B | $6.41B | $6.45B | -4.4% |
| Gross profit | $1.83B | $1.79B | $1.75B | $1.49B | +2.1% |
| Total operating expense | $791.00M | $781.00M | $781.00M | $728.00M | +1.3% |
| Operating income | $1.04B | $1.01B | $968.00M | $766.00M | +2.7% |
| Net interest income | -$37.00M | -$39.00M | -$114.00M | -$99.00M | +5.1% |
| Pre-tax income | $974.00M | $931.00M | $839.00M | $668.00M | +4.6% |
| Net income | $729.00M | $647.00M | $643.00M | $492.00M | +12.7% |
| Net income to common | $729.00M | $647.00M | $643.00M | $492.00M | +12.7% |
| Basic EPS | 11.36 | 9.88 | 9.74 | 7.43 | +15.0% |
| Diluted EPS | 11.18 | 9.71 | 9.60 | 7.34 | +15.1% |
| EBIT | $1.01B | $970.00M | $953.00M | $767.00M | +4.2% |
| EBITDA | $1.23B | $1.18B | $1.17B | $982.00M | +4.1% |
| Basic shares | 64.20M | 65.50M | 66.00M | 66.20M | -2.0% |
| Diluted shares | 65.20M | 66.60M | 67.00M | 67.00M | -2.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $1.03B | $997.00M | $401.00M | $236.00M | +3.3% |
| Cash & short-term investments | $1.03B | $1.01B | $409.00M | $239.00M | +2.5% |
| Accounts receivable | $1.03B | $939.00M | $1.15B | $1.20B | +9.8% |
| Inventory | $1.23B | $1.19B | $1.45B | $1.60B | +3.4% |
| Total current assets | $3.50B | $3.35B | $3.40B | $3.31B | +4.5% |
| Property, plant & equipment | $2.53B | $2.26B | $2.37B | $2.41B | +11.6% |
| Goodwill & intangibles | $1.27B | $1.26B | $1.30B | $1.30B | +0.4% |
| Total assets | $7.90B | $7.44B | $7.64B | $7.56B | +6.1% |
| Total current liabilities | $1.32B | $1.28B | $1.77B | $1.88B | +2.7% |
| Current debt | $48.00M | $44.00M | $448.00M | $543.00M | +9.1% |
| Long-term debt | $1.74B | $1.79B | $1.74B | $1.94B | -2.5% |
| Total debt | $1.97B | $2.04B | $2.40B | $2.68B | -3.1% |
| Total liabilities | $3.53B | $3.55B | $3.99B | $4.30B | -0.6% |
| Retained earnings | $5.61B | $5.09B | $4.65B | $4.21B | +10.2% |
| Working capital | $2.19B | $2.07B | $1.63B | $1.43B | +5.5% |
| Net tangible assets | $3.07B | $2.60B | $2.29B | $1.89B | +18.0% |
| Shares issued | 77.80M | 77.80M | 77.81M | 77.81M | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $736.00M | $654.00M | $651.00M | $502.00M | +12.5% |
| Depreciation & amortisation | $222.00M | $214.00M | $219.00M | $215.00M | +3.7% |
| Change in working capital | -$73.00M | $417.00M | $77.00M | -$664.00M | -117.5% |
| Operating cash flow | $944.00M | $1.44B | $1.06B | $152.00M | -34.3% |
| Capital expenditure | -$433.00M | -$295.00M | -$314.00M | -$300.00M | -46.8% |
| Investing cash flow | -$444.00M | -$47.00M | -$329.00M | -$320.00M | -844.7% |
| Share buybacks | -$224.00M | -$216.00M | -$101.00M | -$112.00M | -3.7% |
| Dividends paid | -$211.00M | -$210.00M | -$194.00M | -$181.00M | -0.5% |
| Financing cash flow | -$491.00M | -$765.00M | -$569.00M | $103.00M | +35.8% |
| Free cash flow | $511.00M | $1.14B | $743.00M | -$148.00M | -55.2% |
| End cash position | $1.03B | $997.00M | $401.00M | $236.00M | +3.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $1.85B | $1.79B | $1.76B | $1.82B | $1.83B | +3.2% |
| Operating revenue | $1.85B | $1.79B | $1.76B | $1.82B | $1.83B | +3.2% |
| Cost of revenue | $1.42B | $1.39B | $1.33B | $1.36B | $1.36B | +2.4% |
| Gross profit | $426.00M | $401.00M | $430.00M | $455.00M | $477.00M | +6.2% |
| Total operating expense | $193.00M | $187.00M | $202.00M | $203.00M | $203.00M | +3.2% |
| Operating income | $233.00M | $214.00M | $228.00M | $252.00M | $274.00M | +8.9% |
| Net interest income | -$55.00M | -$9.00M | -$9.00M | -$7.00M | -$12.00M | -511.1% |
| Pre-tax income | $175.00M | $194.00M | $207.00M | $241.00M | $259.00M | -9.8% |
| Tax provision | $59.00M | $50.00M | $40.00M | $69.00M | $61.00M | +18.0% |
| Net income | $114.00M | $142.00M | $165.00M | $171.00M | $196.00M | -19.7% |
| Net income to common | $114.00M | $142.00M | $165.00M | $171.00M | $196.00M | -19.7% |
| Basic EPS | 1.80 | 2.25 | 2.59 | 2.66 | 3.04 | -20.0% |
| Diluted EPS | 1.78 | 2.22 | 2.56 | 2.61 | 2.99 | -19.8% |
| EBIT | $230.00M | $203.00M | $216.00M | $248.00M | $271.00M | +13.3% |
| EBITDA | $285.00M | $258.00M | $273.00M | $305.00M | $324.00M | +10.5% |
| Basic shares | 63.30M | 63.20M | 63.60M | 64.30M | 64.50M | +0.2% |
| Diluted shares | 63.90M | 64.00M | 64.40M | 65.40M | 65.60M | -0.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $948.00M | $914.00M | $1.03B | $915.00M | $861.00M | +3.7% |
| Cash & short-term investments | $952.00M | $918.00M | $1.03B | $921.00M | $868.00M | +3.7% |
| Accounts receivable | $1.23B | $1.19B | $1.03B | $1.17B | $1.18B | +2.9% |
| Inventory | $1.11B | $1.18B | $1.23B | $1.23B | $1.22B | -6.3% |
| Total current assets | $3.52B | $3.52B | $3.50B | $3.52B | $3.52B | -0.1% |
| Property, plant & equipment | $2.52B | $2.56B | $2.53B | $2.44B | $2.36B | -1.6% |
| Goodwill & intangibles | $1.25B | $1.26B | $1.27B | $1.27B | $1.28B | -0.4% |
| Total assets | $8.07B | $7.93B | $7.90B | $7.83B | $7.78B | +1.8% |
| Total current liabilities | $1.26B | $1.28B | $1.32B | $1.28B | $1.26B | -1.4% |
| Current debt | $41.00M | $83.00M | $48.00M | $57.00M | $46.00M | -50.6% |
| Long-term debt | $1.74B | $1.74B | $1.74B | $1.74B | $1.74B | 0.0% |
| Total debt | $1.78B | $1.82B | $1.97B | $1.80B | $1.79B | -2.3% |
| Total liabilities | $3.50B | $3.48B | $3.53B | $3.51B | $3.50B | +0.4% |
| Retained earnings | $5.76B | $5.70B | $5.61B | $5.50B | $5.38B | +1.1% |
| Shareholder equity | $4.57B | $4.42B | $4.34B | $4.30B | $4.25B | +3.4% |
| Working capital | $2.26B | $2.25B | $2.19B | $2.24B | $2.25B | +0.7% |
| Net tangible assets | $3.32B | $3.17B | $3.07B | $3.02B | $2.97B | +4.9% |
| Shares issued | 63.10M | 77.85M | 77.80M | 77.80M | 77.81M | -19.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $116.00M | $144.00M | $167.00M | $172.00M | $198.00M | -19.4% |
| Depreciation & amortisation | $55.00M | $55.00M | $57.00M | $57.00M | $53.00M | 0.0% |
| Change in working capital | -$53.00M | -$197.00M | $159.00M | $18.00M | -$27.00M | +73.1% |
| Operating cash flow | $90.00M | $33.00M | $405.00M | $277.00M | $185.00M | +172.7% |
| Capital expenditure | -$100.00M | -$110.00M | -$135.00M | -$105.00M | -$101.00M | +9.1% |
| Investing cash flow | -$2.00M | -$100.00M | -$142.00M | -$99.00M | -$125.00M | +98.0% |
| Share buybacks | $0 | -$14.00M | -$90.00M | -$79.00M | $0 | +100.0% |
| Dividends paid | -$53.00M | -$52.00M | -$54.00M | -$51.00M | -$54.00M | -1.9% |
| Financing cash flow | -$53.00M | -$48.00M | -$151.00M | -$124.00M | -$50.00M | -10.4% |
| Free cash flow | -$10.00M | -$77.00M | $270.00M | $172.00M | $84.00M | +87.0% |
| End cash position | $948.00M | $914.00M | $1.03B | $915.00M | $861.00M | +3.7% |
Options analytics
Put / call volume
0.55
Call-heavy session
Put / call open interest
0.33
Positioning, not flow
Max pain
125.00
+29.2% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
+12.5%
Puts bid over calls
Call volume
44
Contracts, this expiry
Put volume
24
Contracts, this expiry
Heaviest call OI
130.00
25 contracts
Heaviest put OI
65.00
7 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 2.72 | 2.82 | +3.6% |
| Mar 2026 | 2.47 | 2.34 | -5.3% |
| Dec 2025 | 2.61 | 2.53 | -3.1% |
| Sep 2025 | 2.89 | 2.75 | -4.8% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 2.63 | 6 | $1.80B | -0.9% |
| Next quarter | 2.70 | 6 | $1.75B | -0.2% |
| Current year | 10.51 | 7 | $7.20B | -0.3% |
| Next year | 11.26 | 7 | $7.34B | +2.0% |
Analyst targets & ownership
Mean target$120.83
High target$150.00
Low target$104.00
Implied upside24.89%
Analyst count6
ConsensusHOLD
Strong buy / Buy1 / 1
Hold5
Sell / Strong sell0 / 0
Held by insiders0.89%
Held by institutions101.73%
Institutions holding793
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
96.26
+0.51% from price
SMA 20
97.62
-0.89% from price
SMA 50
101.25
-4.44% from price
SMA 100
100.69
-3.91% from price
SMA 200
107.06
-9.63% from price
EMA 12
96.80
-0.05% from price
EMA 26
98.36
-1.64% from price
EMA 50
99.87
-3.13% from price
RSI (14)
40.7
Neutral
MACD (12,26,9)
-1.56
Hist 0.07
ATR (14)
1.73
1.79% of price
Realised vol 30D
13.2%
Annualised
Bollinger upper
101.06
20, 2σ
Bollinger lower
94.18
20, 2σ
50 / 200 cross
Death
101.25 vs 107.06
Trend bias
Below 200
-9.63%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.10
Less volatile than market
Correlation to SPY
0.07
Largely independent
Realised vol 30D
13.2%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-22.1%
Peak to trough
Max drawdown 5Y
-38.8%
Peak to trough
ATR 14
1.73
1.79% of price
Beta (reported)
0.64
5Y monthly, from filing
Short interest
Shares short
4.52M
Prior 4.13M
Change vs prior
+9.5%
Shorts adding
% of float
8.03%
Normal
% of shares out
7.16%
Against total outstanding
Days to cover
8.0
Crowded exit
Float
62.58M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 5, 26 | UBS | MAINTAINED | Neutral | Neutral |
| Aug 5, 26 | UBS | MAINTAINED | Neutral | Neutral |
| Aug 5, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Jun 9, 26 | Oppenheimer | DOWNGRADE | Outperform | Perform |
| May 6, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Apr 22, 26 | Oppenheimer | MAINTAINED | Outperform | Outperform |
| Apr 9, 26 | UBS | MAINTAINED | Neutral | Neutral |
| Mar 17, 26 | Benchmark | INITIATED | — | Buy |
| Feb 5, 26 | UBS | MAINTAINED | Neutral | Neutral |
| Feb 4, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Feb 4, 26 | Stephens & Co. | MAINTAINED | Equal-Weight | Equal-Weight |
| Nov 6, 25 | Barclays | DOWNGRADE | Overweight | Equal-Weight |
Dividends & splits
Forward rate$3.32 / yr
Forward yield3.43%
5-year avg yield2.70%
Payout ratio35.69%
Ex-dividend dateOct 1, 2026
Next pay dateOct 20, 2026
Last split2:1
Split dateJan 26, 2005
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-08-20
Periodic Financial Reports
10-Q · 2026-08-07
Corporate Changes & Voting Matters
8-K · 2026-08-04
Corporate Changes & Voting Matters
8-K/A · 2026-07-29
Corporate Changes & Voting Matters
8-K · 2026-07-28
Corporate Changes & Voting Matters
8-K · 2026-07-06
Corporate Changes & Voting Matters
8-K · 2026-06-30
Annual report of employee stock purchase
11-K · 2026-06-26
Headlines
UBS Adjusts Price Target on Ingredion to $104 From $108, Maintains Neutral Rating
MT Newswires · 2d ago
3 U.S. Dividend Stocks Getting A Fresh Look As Treasury Yields Rise
Simply Wall St. · 4d ago
Can Ingredion's T&HS Solutions Sustain Growth Momentum in 2026?
Zacks · 5d ago
Temporary Facility Disruption and Mixed Sentiment Drag on Ingredion’s (INGR)Performance
Insider Monkey · 7d ago
1 Oversold Stock Primed to Rebound and 2 We Ignore
StockStory · 7d ago
Ingredion's Margin Pressure Persists: Can Pricing Restore Momentum?
Zacks · 13d ago
Ingredion (INGR) Stock Looks Fairly Valued As 26% 5 Year Gain Holds
Simply Wall St. · 14d ago
3 High Quality Dividend Stocks For Steady Income In Higher Rate Markets
Simply Wall St. · 14d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.