| Schedule of Reportable Segment Income (Loss) from Operations before Interest, Taxes, Foreign Exchange Gain (Loss) |
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Year ended December 31, 2025 |
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Falcon’s |
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Falcon's Beyond Destinations |
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Falcon's Beyond Brands |
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Creative
Group |
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Destinations Operations |
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PDP |
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Falcon's Attractions |
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Other |
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Segment Total |
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Revenue external customers: |
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Services |
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$ |
38,703 |
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|
$ |
609 |
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|
$ |
— |
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$ |
4,907 |
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|
$ |
— |
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|
$ |
44,219 |
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Product sales |
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— |
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— |
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— |
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2,841 |
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— |
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2,841 |
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Total revenue |
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38,703 |
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|
609 |
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— |
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7,748 |
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— |
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47,060 |
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Reconciliation of revenue |
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Revenue corporate unallocated |
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6,539 |
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Revenue FCG |
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(38,703 |
) |
Total consolidated revenue |
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14,896 |
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Project design and build expense |
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(25,926 |
) |
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— |
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— |
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(2,360 |
) |
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— |
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Cost of product sales |
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— |
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— |
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— |
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(1,579 |
) |
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— |
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Selling, general and administrative |
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(11,486 |
) |
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(1,263 |
) |
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— |
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(7,069 |
) |
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(742 |
) |
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Research and development expense |
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(2 |
) |
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(215 |
) |
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— |
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— |
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— |
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Share of gain from equity method investments, excluding gain on Tenerife Sale and joint venture impairments |
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— |
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98 |
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2,363 |
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— |
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— |
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Segment income (loss) from operations |
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$ |
1,289 |
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|
$ |
(771 |
) |
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$ |
2,363 |
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|
$ |
(3,260 |
) |
|
$ |
(742 |
) |
|
$ |
(1,121 |
) |
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Year ended December 31, 2024 |
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Falcon’s |
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Falcon's Beyond Destinations |
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Falcon's |
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Creative
Group |
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Destinations Operations |
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PDP |
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Beyond
Brands |
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Segment Total |
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Revenue - external customers |
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$ |
53,159 |
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|
$ |
495 |
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|
$ |
— |
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|
$ |
1 |
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|
$ |
53,655 |
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Reconciliation of revenue |
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Revenue corporate unallocated |
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6,249 |
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Revenue FCG |
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(53,159 |
) |
Total consolidated revenue |
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6,745 |
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Project design and build expense |
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(38,906 |
) |
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— |
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— |
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— |
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Selling, general and administrative |
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(13,045 |
) |
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(1,976 |
) |
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— |
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(2,951 |
) |
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Research and development expense |
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(1 |
) |
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(171 |
) |
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— |
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(8 |
) |
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Share of gain from equity method investments |
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— |
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|
288 |
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2,981 |
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— |
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Segment income (loss) from operations |
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$ |
1,207 |
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|
$ |
(1,364 |
) |
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$ |
2,981 |
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|
$ |
(2,958 |
) |
|
$ |
(134 |
) |
A reconciliation of segment loss from operations to net income before taxes is as follows:
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Year ended |
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December 31,
2025 |
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December 31,
2024 |
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Segment loss from operations |
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$ |
(1,121 |
) |
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$ |
(134 |
) |
Unallocated corporate overhead |
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(9,880 |
) |
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(11,233 |
) |
Elimination FCG segment income from operations |
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(1,289 |
) |
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(1,207 |
) |
Share of loss from FCG |
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(7,184 |
) |
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(6,389 |
) |
Transaction credit (expenses) |
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1,692 |
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(7 |
) |
Credit loss expense |
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— |
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(12 |
) |
Depreciation and amortization expense |
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(349 |
) |
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(6 |
) |
Share of equity method investee's gain on Tenerife Sale |
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30,019 |
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— |
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Impairment of PDP |
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(5,332 |
) |
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— |
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Impairment of Karnival |
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(3,005 |
) |
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— |
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Interest expense |
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(3,384 |
) |
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(1,898 |
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Interest income |
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12 |
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|
12 |
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Change in fair value of warrant liabilities |
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2,886 |
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(836 |
) |
Change in fair value of earnout liabilities |
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— |
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|
172,270 |
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Foreign exchange transaction (loss) gain |
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2,147 |
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|
|
(1,077 |
) |
Gain on bargain purchase of OES Acquisition |
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|
1,098 |
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— |
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Net income before taxes |
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$ |
6,310 |
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$ |
149,483 |
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| Schdule of Identifiable Assets |
Identifiable assets are comprised of:
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Total Assets |
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Capital Expenditures |
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As of |
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Year ended |
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December 31, 2025 |
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December 31, 2024 |
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December 31, 2025 |
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December 31, 2024 |
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Falcon’s Creative Group |
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$ |
17,844 |
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|
$ |
25,028 |
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|
$ |
293 |
|
|
$ |
11,124 |
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Destinations Operations |
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4,610 |
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|
7,480 |
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3 |
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— |
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PDP |
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28,648 |
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|
24,400 |
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|
|
— |
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— |
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Falcon's Attractions |
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10,328 |
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|
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— |
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|
144 |
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— |
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Falcon's Beyond Brands-other |
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|
46 |
|
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|
251 |
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— |
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— |
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Unallocated corporate assets and intersegment eliminations |
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5,226 |
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|
4,072 |
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(287 |
) |
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(11,113 |
) |
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$ |
66,702 |
|
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$ |
61,231 |
|
|
$ |
153 |
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$ |
11 |
|
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