Last close · 16 Oct 2026
Rs 83.32 -0.55%
Quarterly · Q1 FY2022 – Q4 FY2026
Kohat Cement Company Limited (KOHC) quarterly cash flow statement
Operating activities generated Rs 2.9 bn of cash in Q4 FY2026 (Apr – Jun 2026), up 42.3% on Q4 FY2025, 63% of the starting profit. Capital expenditure was Rs 378.0 mn, leaving free cash flow of Rs 2.5 bn. Overall, cash increased by Rs 1.5 bn.
| Rs bn | TTM to Jun 2026 | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 | Q4 FY2024 Apr – Jun 2024 | Q3 FY2024 Jan – Mar 2024 | Q2 FY2024 Oct – Dec 2023 | Q1 FY2024 Jul – Sep 2023 | Q4 FY2023 Apr – Jun 2023 | Q3 FY2023 Jan – Mar 2023 | Q2 FY2023 Oct – Dec 2022 | Q1 FY2023 Jul – Sep 2022 | Q4 FY2022 Apr – Jun 2022 | Q3 FY2022 Jan – Mar 2022 | Q2 FY2022 Oct – Dec 2021 | Q1 FY2022 Jul – Sep 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | 15.9 | 4.5 | 2.9 | 4.0 | 4.5 | 3.5 | 3.6 | 5.4 | 5.2 | 3.0 | 3.1 | 3.4 | 3.5 | 2.3 | 2.3 | 2.9 | 2.7 | 2.4 | 2.3 | 2.2 | 2.0 |
| Depreciation & amortisation | 1.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
| Net cash from operating activities | 5.6 | 2.9 | (1.3) | (2.0) | 6.0 | 2.0 | 0.1 | 2.1 | 5.6 | 3.1 | 1.6 | 0.5 | 5.0 | 0.5 | 0.4 | 3.5 | 1.5 | 1.6 | 2.9 | 2.0 | 1.8 |
| Investing activities | |||||||||||||||||||||
| Capital expenditure | (4.6) | (0.4) | (0.7) | (2.3) | (1.2) | (1.7) | (0.1) | (0.3) | (0.3) | (0.5) | (0.2) | (0.1) | (0.3) | (0.2) | (0.6) | (1.2) | (0.0) | (0.3) | (0.1) | (0.0) | (0.1) |
| Net cash from investing activities | (9.3) | (1.1) | (0.2) | (1.5) | (6.5) | 3.5 | (0.1) | (3.8) | (4.5) | (2.5) | (1.8) | 0.4 | (4.6) | 0.7 | (0.2) | (4.7) | 0.2 | (1.5) | (2.9) | (1.9) | (1.1) |
| Financing activities | |||||||||||||||||||||
| Dividends paid | — | — | 0.0 | (0.0) | — | 0.0 | (0.0) | (0.0) | 0.0 | — | (0.0) | 0.0 | (0.0) | — | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) |
| Borrowings raised / (repaid) | 2.0 | (0.3) | 0.2 | 1.8 | 0.4 | 0.9 | (0.3) | (0.6) | 0.1 | (0.6) | (0.5) | 0.3 | (0.3) | (0.3) | (0.3) | (0.3) | (0.3) | (0.7) | (0.2) | (0.3) | (0.5) |
| Net cash from financing activities | 2.0 | (0.3) | 0.2 | 1.8 | 0.4 | (3.8) | (0.4) | (0.6) | 0.1 | (0.6) | (0.5) | 0.3 | (0.7) | (0.7) | (0.3) | (0.3) | (0.3) | (0.7) | (0.2) | (0.3) | (0.5) |
| Net change in cash | (1.7) | 1.5 | (1.3) | (1.7) | (0.1) | 1.8 | (0.4) | (2.3) | 1.2 | (0.0) | (0.7) | 1.1 | (0.2) | 0.5 | (0.1) | (1.4) | 1.5 | (0.6) | (0.1) | (0.2) | 0.2 |
| Key figures | |||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | 0.9 | 2.5 | (2.1) | (4.3) | 4.8 | 0.3 | (0.0) | 1.8 | 5.3 | 2.6 | 1.4 | 0.3 | 4.7 | 0.3 | (0.2) | 2.3 | 1.5 | 1.4 | 2.9 | 2.0 | 1.7 |
| Rs mn | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 | Q4 FY2024 Apr – Jun 2024 | Q3 FY2024 Jan – Mar 2024 | Q2 FY2024 Oct – Dec 2023 | Q1 FY2024 Jul – Sep 2023 | Q4 FY2023 Apr – Jun 2023 | Q3 FY2023 Jan – Mar 2023 | Q2 FY2023 Oct – Dec 2022 | Q1 FY2023 Jul – Sep 2022 | Q4 FY2022 Apr – Jun 2022 | Q3 FY2022 Jan – Mar 2022 | Q2 FY2022 Oct – Dec 2021 | Q1 FY2022 Jul – Sep 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | +29.9% | -19.9% | -25.9% | -13.3% | +18.5% | +15.9% | +61.2% | +47.5% | +28.4% | +35.2% | +17.1% | +32.0% | -4.5% | +0.6% | +28.6% | +33.0% | +77.5% | +54.8% | +65.1% | +186.2% |
| Depreciation & amortisation | +1.5% | +0.2% | +1.4% | +3.2% | +4.0% | +32.4% | -2.2% | -0.1% | +9.7% | -14.3% | +17.4% | +11.1% | -0.9% | -0.8% | +1.5% | -0.6% | -3.6% | -0.3% | -19.9% | -10.5% |
| Net cash from operating activities | +42.3% | -2,356.7% | -192.3% | +6.2% | -34.1% | -96.3% | +360.7% | +11.4% | +461.4% | +347.4% | -86.7% | +230.1% | -66.1% | -87.9% | +71.3% | -14.3% | +82.5% | +37.1% | +83.3% | +79.9% |
| Investing activities | ||||||||||||||||||||
| Capital expenditure | -78.0% | +776.0% | +708.5% | +284.1% | +249.8% | -52.2% | +102.5% | +2.4% | +128.0% | -70.3% | -87.8% | +583.0% | -17.6% | +783.9% | +5,342.4% | -60.8% | -8.1% | -49.6% | -81.4% | +45.2% |
| Net cash from investing activities | -130.5% | — | — | — | — | — | -1,103.1% | — | -472.9% | — | — | -2,068.7% | — | — | — | — | — | — | — | — |
| Financing activities | ||||||||||||||||||||
| Dividends paid | — | -100.0% | +1,238.9% | — | — | +16,237.8% | — | -100.0% | — | -88.5% | -100.0% | +868.2% | — | +176.2% | -100.0% | -92.1% | -33.0% | -80.5% | -93.2% | +253.8% |
| Borrowings raised / (repaid) | -140.2% | — | — | +339.1% | — | — | -325.2% | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net cash from financing activities | — | — | — | +329.8% | — | — | -325.3% | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | -18.2% | — | — | -107.5% | — | — | -303.9% | — | -100.8% | — | — | -115.5% | — | — | — | +824.7% | -2,093.0% | -136.2% | — | -78.6% |
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | +732.2% | — | -332.7% | -9.8% | -88.4% | -101.8% | +475.1% | +11.9% | +678.9% | — | -86.2% | +219.7% | -75.5% | -108.4% | +15.4% | -11.2% | +125.6% | +42.9% | +102.3% | +82.8% |
Change against the same quarter a year earlier; shown when the earlier figure is positive.
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. TTM = the latest four quarters added together. Updated 16 Oct 2026.
All reported line items 61
| Rs mn | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 | Q4 FY2024 Apr – Jun 2024 | Q3 FY2024 Jan – Mar 2024 | Q2 FY2024 Oct – Dec 2023 | Q1 FY2024 Jul – Sep 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit/(Loss) - Starting Line - Cash Flow | 4,545.2 | 2,900.2 | 4,009.1 | 4,473.4 | 3,499.3 | 3,621.2 | 5,408.0 | 5,159.7 | 2,952.5 | 3,125.6 | 3,355.6 | 3,498.4 |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | (545.8) | (565.5) | (799.7) | (862.1) | (945.9) | (255.2) | (1,003.6) | (734.5) | (787.3) | (508.4) | (647.6) | (99.9) |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | 507.5 | (323.4) | (29.9) | 210.9 | (40.4) | 238.6 | 134.5 | 265.5 | 68.8 | 176.8 | 42.8 | 245.2 |
| Financial Income/(Expense) - Cash Flow - to Reconcile | (65.3) | (19.8) | (56.8) | (56.5) | (113.9) | (15.3) | (3.6) | (5.7) | (876.2) | (780.4) | (764.0) | (497.4) |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 323.8 | 317.0 | 324.8 | 318.9 | 318.9 | 316.5 | 320.4 | 309.1 | 306.6 | 239.1 | 327.8 | 309.3 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 323.7 | 317.0 | 324.7 | 318.9 | 318.8 | 316.5 | 320.4 | 309.1 | 306.3 | 238.8 | 327.5 | 309.0 |
| Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0.3 | 0.3 | 0.3 |
| Deferred Income Taxes & Income Tax Credits - Cash Flow - to Reconcile | 0.0 | — | — | — | (2.3) | — | — | — | — | — | — | — |
| Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile | (2,121.4) | (1,233.0) | (780.6) | (331.6) | (2,572.6) | (414.9) | (600.2) | (375.7) | (106.9) | 2.2 | (92.3) | (5.8) |
| Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile | 809.7 | 693.7 | (257.1) | (1,004.0) | 1,464.4 | (380.1) | (854.8) | (927.7) | (179.5) | (146.0) | (161.9) | (151.2) |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | 2,661.0 | 2,067.4 | 1,913.2 | 739.7 | 2,420.3 | 1,377.2 | 1,784.1 | 767.9 | 524.9 | 823.8 | 1,531.3 | 347.4 |
| Interest Paid - Cash | 237.7 | 33.7 | 119.4 | 95.6 | 44.1 | 89.3 | 120.1 | 137.5 | 154.3 | 178.9 | 188.4 | 209.5 |
| Interest & Dividends - Received - Total - Cash Flow | 73.4 | 48.8 | 113.5 | 81.9 | 152.6 | 74.0 | 102.8 | 118.8 | 1,018.9 | 928.4 | 946.6 | 704.4 |
| Cash Flow from Operating Activities before Changes in Working Capital | 1,174.0 | 282.5 | 1,290.3 | 2,857.8 | 241.6 | 1,973.5 | 2,602.9 | 3,638.7 | 2,505.0 | 2,543.0 | 1,934.8 | 3,546.0 |
| Working Capital - Increase/(Decrease) - Cash Flow | 1,702.2 | (1,617.2) | (3,250.2) | 3,111.2 | 1,780.0 | (1,914.3) | (478.9) | 1,983.1 | 564.1 | (943.3) | (1,473.8) | 1,501.4 |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | (396.5) | (103.9) | 208.6 | 341.5 | (115.9) | 14.3 | (121.0) | 596.4 | (137.7) | (368.1) | (113.8) | (285.1) |
| Inventories - Decrease/(Increase) - Cash Flow | 443.4 | (1,326.4) | (916.5) | 1,345.8 | 1,208.7 | (1,791.4) | 305.6 | 351.6 | (384.9) | (557.1) | (54.6) | 1,073.2 |
| Prepaid Expenses - Decrease/(Increase) - Cash Flow | 529.3 | (76.3) | (522.7) | 150.1 | (45.8) | (71.2) | 166.3 | 100.2 | 119.0 | (122.0) | 115.1 | (211.7) |
| Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow | 1,170.3 | (75.0) | (2,178.4) | 1,229.3 | 724.3 | (65.5) | (822.0) | 904.1 | 994.6 | 82.9 | (1,383.6) | 1,022.1 |
| Other Liabilities - Increase/(Decrease) -Total - Cash Flow | (44.4) | (35.6) | 158.7 | 44.6 | 8.6 | (0.5) | (7.9) | 30.8 | (26.9) | 21.1 | (36.9) | (97.1) |
| Net Cash Flow from Operating Activities | 2,876.3 | (1,334.8) | (1,959.9) | 5,969.0 | 2,021.6 | 59.1 | 2,124.0 | 5,621.8 | 3,069.1 | 1,599.7 | 461.0 | 5,047.4 |
| Capital Expenditures - Net - Cash Flow | 319.5 | 745.6 | 2,309.3 | 1,172.2 | 1,710.8 | 81.2 | 286.4 | 305.2 | 490.2 | 178.3 | 140.5 | 298.6 |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | 319.5 | 745.6 | 2,309.3 | 1,172.2 | 1,710.8 | 81.2 | 286.4 | 305.2 | 490.2 | 178.3 | 140.5 | 298.6 |
| Property, Plant & Equipment - Purchased - Cash Flow | 378.0 | 746.2 | 2,315.8 | 1,175.1 | 1,721.4 | 85.2 | 286.4 | 305.9 | 492.1 | 178.3 | 141.5 | 298.6 |
| Property, Plant & Equipment Sold - Cash Flow | 58.5 | 0.6 | 6.5 | 2.9 | 10.6 | 4.0 | 0.0 | 0.8 | 1.9 | 0.0 | 1.0 | 0.0 |
| Capital Expenditures - Total | 378.0 | 746.2 | 2,315.8 | 1,175.1 | 1,721.4 | 85.2 | 286.4 | 305.9 | 492.1 | 178.3 | 141.5 | 298.6 |
| Investments excluding Loans - Decrease/(Increase) - Cash Flow | (155.8) | 377.8 | 674.9 | (5,280.0) | 5,123.2 | 83.3 | (3,017.3) | (4,200.7) | (1,680.6) | (1,637.6) | 517.8 | (4,306.6) |
| Investment Property excluded from Capital Expenditures - Sold/(Purchased) - Net - Cash Flow | (30.8) | — | — | — | — | — | — | 0.0 | 0.0 | (0.4) | (0.9) | (0.1) |
| Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow | (125.0) | 377.8 | 674.9 | (5,280.0) | 5,123.2 | 83.3 | (3,017.3) | (4,200.7) | (1,680.6) | (1,637.3) | 518.7 | (4,306.4) |
| Other Investing Cash Flow - Decrease/(Increase) | (599.5) | 150.8 | 93.9 | 0.1 | 110.5 | (85.7) | (469.3) | (7.3) | (343.5) | (2.7) | (1.2) | 1.7 |
| Net Cash Flow from Investing Activities | (1,074.8) | (217.0) | (1,540.5) | (6,452.1) | 3,522.9 | (83.6) | (3,773.0) | (4,513.2) | (2,514.3) | (1,818.7) | 376.1 | (4,603.5) |
| Dividends Paid - Cash - Total - Cash Flow | — | 0.0 | 1.9 | — | 0.0 | 3.0 | 0.1 | 0.0 | — | 0.0 | 0.0 | 0.1 |
| Dividends - Common - Cash Paid | — | 0.0 | 1.9 | — | 0.0 | 3.0 | 0.1 | 0.0 | — | 0.0 | 0.0 | 0.1 |
| Stock - Total - Issuance/(Retirement) - Net - Cash Flow | — | — | — | — | (4,618.5) | (90.9) | — | 0.0 | 0.0 | 0.0 | 0.0 | (413.2) |
| Stock - Issuance/(Retirement) - Net - Excluding Options/Warrants - Cash Flow | — | — | — | — | (4,618.5) | (90.9) | — | 0.0 | 0.0 | 0.0 | 0.0 | (413.2) |
| Stock - Common - Issuance/(Retirement) - Net - Cash Flow | — | — | — | — | (4,618.5) | (90.9) | — | 0.0 | 0.0 | 0.0 | 0.0 | (413.2) |
| Stock - Common - Repurchased/Retired - Cash Flow | — | — | — | — | 4,618.5 | 90.9 | — | 0.0 | 0.0 | 0.0 | 0.0 | 413.2 |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | (344.1) | 202.4 | 1,786.6 | 401.4 | 856.7 | (258.6) | (608.6) | 91.4 | (558.6) | (487.4) | 270.2 | (258.6) |
| Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow | (200.0) | 69.3 | (268.2) | 598.8 | 0.0 | — | (350.0) | 350.0 | (300.0) | (228.8) | 528.8 | — |
| Debt - Issued - Short-Term - Cash Flow | 910.0 | 69.3 | — | 598.8 | 100.1 | — | — | 350.0 | 528.8 | 300.0 | 528.8 | — |
| Debt - Reduced - Short-Term - Cash Flow | 1,110.0 | — | — | — | 100.1 | — | 350.0 | — | 828.8 | 528.8 | — | — |
| Debt - Issued/Reduced - Long-Term - Cash Flow | (144.1) | 133.0 | 2,054.7 | (197.5) | 856.7 | (258.6) | (258.6) | (258.6) | (258.6) | (258.6) | (258.6) | (258.6) |
| Debt - Issued - Long-Term - Cash Flow | 53.4 | 330.5 | 2,382.1 | — | 1,115.2 | — | — | — | — | — | — | — |
| Debt - Reduced - Long-Term - Cash Flow | 197.5 | 197.5 | 327.4 | 197.5 | 258.6 | 258.6 | 258.6 | 258.6 | 258.6 | 258.6 | 258.6 | 258.6 |
| Other Financing Cash Flow - Increase/(Decrease) | 0.0 | 0.0 | 0.0 | (8.5) | — | — | — | — | 0.0 | — | — | — |
| Net Cash Flow from Financing Activities | (344.1) | 202.4 | 1,784.7 | 392.9 | (3,761.8) | (352.5) | (608.7) | 91.4 | (558.6) | (487.4) | 270.2 | (672.0) |
| Net Change in Cash - Total | 1,457.4 | (1,349.4) | (1,715.6) | (90.3) | 1,782.6 | (376.9) | (2,257.7) | 1,200.0 | (3.8) | (706.3) | 1,107.3 | (228.1) |
| Net Cash from Continuing Operations | 1,457.4 | (1,349.4) | (1,715.6) | (90.3) | 1,782.6 | (376.9) | (2,257.7) | 1,200.0 | (3.8) | (706.3) | 1,107.3 | (228.1) |
| Net Cash - Beginning Balance | (1,704.6) | (355.2) | 1,360.5 | 1,450.7 | (331.9) | 45.0 | 2,302.7 | 1,102.6 | 1,106.5 | 1,812.8 | 705.5 | 933.5 |
| Net Cash - Ending Balance | (247.2) | (1,704.6) | (355.2) | 1,360.5 | 1,450.7 | (331.9) | 45.0 | 2,302.7 | 1,102.6 | 1,106.5 | 1,812.8 | 705.5 |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | 2,661.0 | 2,067.4 | 1,913.2 | 739.7 | 2,420.3 | 1,377.2 | 1,784.1 | 767.9 | 524.9 | 823.8 | 1,531.3 | 347.4 |
| Interest Paid - Cash Flow - Supplemental | 237.7 | 33.7 | 119.4 | 95.6 | 44.1 | 89.3 | 120.1 | 137.5 | 154.3 | 178.9 | 188.4 | 209.5 |
| Interest & Dividends - Received - Cash Flow - Supplemental | 73.4 | 48.8 | 113.5 | 81.9 | 152.6 | 74.0 | 102.8 | 118.8 | 1,018.9 | 928.4 | 946.6 | 704.4 |
| CF from Optg Activities before Change in WC & Int Payments | 1,411.8 | 316.2 | 1,409.7 | 2,953.4 | 285.8 | 2,062.8 | 2,723.0 | 3,776.2 | 2,659.3 | 2,721.9 | 2,123.2 | 3,755.5 |
| Contract Liabilities - Increase/(Decrease) - Cash Flow | (44.4) | (35.6) | 158.7 | 44.6 | 8.6 | (0.5) | (7.9) | 30.8 | (26.9) | 21.1 | (36.9) | (97.1) |
| Cash Dividends Paid & Common Stock Buyback - Net | — | — | — | — | 4,618.5 | 93.9 | — | 0.0 | — | 0.0 | 0.0 | 413.4 |
| Common Stock Buyback - Net | — | — | — | — | 4,618.5 | 90.9 | — | 0.0 | 0.0 | 0.0 | 0.0 | 413.2 |
| Depreciation, Depletion & Amortization - Cash Flow | 323.8 | 317.0 | 324.8 | 318.9 | 318.9 | 316.5 | 320.4 | 309.1 | 306.6 | 239.1 | 327.8 | 309.3 |
| Free Cash Flow to Equity | 2,212.7 | (1,878.0) | (2,482.6) | 5,198.2 | 1,167.4 | (280.6) | 1,229.0 | 5,408.0 | 2,020.3 | 934.0 | 590.7 | 4,490.2 |
| Free Cash Flow Net of Dividends | 2,498.3 | (2,081.0) | (4,277.5) | 4,793.9 | 300.2 | (29.1) | 1,837.5 | 5,315.9 | 2,577.0 | 1,421.4 | 319.5 | 4,748.7 |
| Free Cash Flow | 2,498.3 | (2,081.0) | (4,275.7) | 4,793.9 | 300.2 | (26.0) | 1,837.6 | 5,315.9 | 2,577.0 | 1,421.4 | 319.5 | 4,748.8 |
Every line the company reported, in the original order and wording, without regrouping or signs changed. Latest 12 periods; the table above goes back further.