Record Quarterly Revenue Exceeding $1B for First Time

Expects Fiscal 2018 GAAP Diluted EPS Growth Outlook of (3.0)%-0.0% YoY

Expects Fiscal 2018 Non-GAAP Diluted EPS Growth Outlook of 5.0%-7.0% YoY

Third Quarter Fiscal 2018 Highlights

-- Revenue of $1 billion, at the midpoint of the $990-$1,030 million guidance range adjusting for the negative impact from foreign currency movements of approximately $9 million relative to the second quarter of fiscal 2018. Revenue guidance had included a minimal sequential impact from foreign currency fluctuations -- GAAP diluted EPS of $0.64, below the $0.71-$0.81 guidance range due to nonrecurring restructuring charges, net of tax effects -- Non-GAAP diluted EPS of $1.03, at the midpoint of the $1.00-$1.06 guidance range -- GAAP operating income of $106 million; GAAP operating margin of 10.5% -- Non-GAAP operating income of $174 million; non-GAAP operating margin of 17.3% -- Free cash flow of $128 million, comprised of cash flow from operations of $164 million, less $36 million in net capital expenditures and other -- Twelve-month backlog of $3.33 billion, up $10 million sequentially -- Quarterly cash dividend of $0.25 per share, to be paid on October 19, 2018

ST. LOUIS, July 31, 2018 (GLOBE NEWSWIRE) -- Amdocs Limited (NASDAQ:DOX) today reported operating results for the three months ended June 30, 2018.

"We are pleased to report a solid performance in our third fiscal quarter. Revenue exceeded $1 billion for the first time in our history and was in line with the midpoint of our guidance adjusting for currency. On a regional basis, North America showed some early signs of stabilization while Europe and Rest of World delivered solid year-over-year growth that reflected the benefit of recent customer awards and our continued focus on project delivery and execution,” said Eli Gelman, president and chief executive officer of Amdocs Management Limited.

Gelman continued, “Q3 included positive developments relating to Network Functions Virtualization (NFV). First, we are today excited to announce that Amdocs is supporting the commercial availability of Comcast’s software-defined wide area networking (SD-WAN) service for enterprise businesses which leverages Amdocs’ leading NFV portfolio of orchestration, fulfillment and automation capabilities. Second, Telstra has partnered with Amdocs to implement a next generation OSS platform for its B2B line of business that will enable Telstra’s network domains to evolve toward virtualization while minimizing the impact to its existing support systems.”

Gelman concluded, “We enter the fourth fiscal quarter encouraged by our recent win rate, which remains strong and well balanced across our various business lines, recent acquisitions and operating regions. Naturally, we continue to monitor the many moving parts affecting our outlook, but with our record 12-month backlog and focus on execution we are on-track to deliver diluted non-GAAP earnings per share growth in the mid-to-high single digit range for the seventh consecutive year.”

Revenue

Revenue for the third fiscal quarter ended June 30, 2018 was $1.0 billion, up 1.0% or $9.9 million sequentially from the second fiscal quarter of 2018 and up 3.7% as compared to last year’s third fiscal quarter. Revenue for the third fiscal quarter of 2018 includes a negative impact from foreign currency movements of approximately $9 million relative to the second quarter of fiscal 2018. Revenue was at the midpoint of Amdocs’ guidance, excluding the negative impact of foreign currency movements.

Net Income and Earnings Per Share

The Company's GAAP net income for the third quarter of fiscal 2018 was $91.5 million, or $0.64 per diluted share, compared to GAAP net income of $119.3 million, or $0.81 per diluted share, in the prior fiscal year’s third quarter. Net income on a non-GAAP basis was $147.5 million, or $1.03 per diluted share, compared to non-GAAP net income of $150.4 million, or $1.02 per diluted share, in the third quarter of fiscal 2017. Non-GAAP net income excludes amortization of purchased intangible assets and other acquisition-related costs, nonrecurring restructuring charges primarily associated with recently completed acquisitions and internal business realignment actions in North America, and equity-based compensation expenses of $10.5 million, net of tax effects, in the third quarter of fiscal 2018.

Returning Cash to Shareholders

-- Quarterly Cash Dividend Program:On July 31, 2018, the Board approved the Company’s next quarterly cash dividend payment of $0.25 per share and set September 28, 2018 as the record date for determining the shareholders entitled to receive the dividend, which will be payable on October 19, 2018. -- Share Repurchase Activity:Repurchased $90 million of ordinary shares during the third quarter of fiscal 2018.

Twelve-month BacklogTwelve-month backlog, which includes anticipated revenue related to contracts, estimated revenue from managed services contracts, letters of intent, maintenance and estimated on-going support activities, was $3.33 billion at the end of the third quarter of fiscal 2018, up $10 million from the end of the prior quarter.

Fourth Quarter Fiscal 2018 Outlook

-- Revenue of approximately $980-$1,020 million, including a negative sequential impact from foreign currency fluctuations of approximately $5 million as compared to the third quarter of fiscal 2018 -- Diluted GAAP EPS of approximately $0.71-$0.79. The impact on diluted GAAP EPS of the acquisitions during fiscal year 2018 is subject to finalization of the purchase price allocation and other acquisition-related costs. -- Diluted non-GAAP EPS of approximately $0.95-$1.01, excluding amortization of purchased intangible assets and other acquisition-related costs and approximately $0.05-$0.07 per share of equity-based compensation expense, net of tax effects. Expected non-GAAP effective tax rate above the high-end of the annual target range of 13%-17% in the fourth quarter fiscal 2018

Full Year Fiscal 2018 Outlook

-- Revenue growth of 2.2%-3.2% year-over-year as reported compared with previous guidance of 2.3%-4.3% year-over-year -- Revenue growth of 1.7%-2.7% year-over-year on a constant currency basis compared with previous guidance of 1.3%-3.3% year-over-year -- Full year fiscal 2018 revenue guidance incorporates an expected positive impact from foreign currency fluctuations of about 0.5% year-over-year, compared with previous guidance for a positive impact of about 1.0% -- Expects GAAP diluted earnings per share growth of roughly (3.0)%-0.0% year-over-year compared with previous guidance of 0.0%-6.0%, primarily due to nonrecurring restructuring charges primarily associated with recently completed acquisitions and internal business realignment actions in North America. The impact on diluted GAAP EPS of acquisition activity in fiscal year 2018 is subject to finalization of the purchase price allocation and other acquisition-related costs -- Non-GAAP diluted earnings per share growth of roughly 5.0%-7.0% year-over-year compared with previous guidance of 4.0%-8.0%. Non-GAAP diluted earnings per share excludes amortization of purchased intangible assets and other acquisition-related costs, nonrecurring restructuring charges primarily associated with recently completed acquisitions and internal business realignment actions in North America, and approximately $0.26-$0.28 per share of equity-based compensation expense, net of tax effects. Expected non-GAAP effective tax rate to remain within the same target range of 13%-17% for the full year fiscal 2018

Our fourth fiscal quarter 2018 and full year fiscal 2018 outlook takes into consideration the Company’s expectations regarding macro and industry specific risks and various uncertainties and certain assumptions that we will discuss on our earnings conference call. However, Amdocs notes market dynamics continue to shift rapidly and that it cannot predict all possible outcomes, including those resulting from T-Mobile’s proposed merger with Sprint, or from other current and potential customer consolidation activity in North America.

Conference Call Details Amdocs will host a conference call on July 31, 2018 at 5:00 p.m. Eastern Time to discuss the Company's third quarter of fiscal 2018 results. To participate, please dial +1 (844) 513-7152, or +1 (508) 637-5600 outside the United States, approximately 15 minutes before the call and enter passcode 8127189. The call will also be carried live on the Internet via the Amdocs website, www.amdocs.com. Non-GAAP Financial Measures This release includes non-GAAP diluted earnings per share and other non-GAAP financial measures, including free cash flow, non-GAAP cost of revenue, non-GAAP research and development, non-GAAP selling, general and administrative, non-GAAP operating income, non-GAAP operating margin, non-GAAP income taxes, non-GAAP effective tax rate, non-GAAP net income and non-GAAP diluted earnings per share growth. These non-GAAP measures exclude the following items:

-- amortization of purchased intangible assets and other acquisition-related costs; -- changes in fair value of certain acquisition-related liabilities; -- nonrecurring restructuring charges; -- equity-based compensation expense; and -- tax effects.

These non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles and may be different from non-GAAP financial measures used by other companies. In addition, these non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles. Amdocs believes that non-GAAP financial measures have limitations in that they do not reflect all of the amounts associated with Amdocs’ results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate Amdocs’ results of operations in conjunction with the corresponding GAAP measures.

Amdocs believes that the presentation of non-GAAP diluted earnings per share and other financial measures, including free cash flow, non-GAAP cost of revenue, non-GAAP research and development, non-GAAP selling, general and administrative, non-GAAP operating income, non-GAAP operating margin, non-GAAP income taxes, non-GAAP effective tax rate, non-GAAP net income and non-GAAP diluted earnings per share growth when shown in conjunction with the corresponding GAAP measures, provides useful information to investors and management regarding financial and business trends relating to its financial condition and results of operations, as well as the net amount of cash generated by its business operations after taking into account capital spending required to maintain or expand the business.

For its internal budgeting process and in monitoring the results of the business, Amdocs’ management uses financial statements that do not include amortization of purchased intangible assets and other acquisition-related costs, nonrecurring restructuring charges primarily associated with internal business realignment actions in North America, changes in fair value of certain acquisition-related liabilities, equity-based compensation expense and tax effects. Amdocs’ management also uses the foregoing non-GAAP financial measures, in addition to the corresponding GAAP measures, in reviewing the financial results of Amdocs. In addition, Amdocs believes that significant groups of investors exclude these items in reviewing its results and those of its competitors, because the amounts of the items between companies can vary greatly depending on the assumptions used by an individual company in determining the amounts of the items.

Amdocs further believes that, where the adjustments used in calculating non-GAAP diluted earnings per share are based on specific, identified amounts that impact different line items in the Consolidated Statements of Income (including cost of revenue, research and development, selling, general and administrative, operating income, income taxes and net income), it is useful to investors to understand how these specific line items in the Consolidated Statements of Income are affected by these adjustments. Please refer to the Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP tables below.

Supporting Resources

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About AmdocsAmdocs is a leading software and services provider to communications and media companies of all sizes, accelerating the industry’s dynamic and continuous digital transformation. With a rich set of innovative solutions, long-term business relationships with 350 communications and media providers, and technology and distribution ties to 600 content creators, Amdocs delivers business improvements to drive growth. Amdocs and its 25,000 employees serve customers in over 85 countries. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $3.9 billion in fiscal 2017. For more information, visit Amdocs at www.amdocs.com. For more information, visit Amdocs at www.amdocs.com.

This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs’ growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs’ ability to grow in the business markets that it serves, Amdocs’ ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs’ filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2017 filed on December 11, 2017 and our Form 6-K furnished for the first quarter of fiscal 2018 on February 12, 2018 and for the second quarter of fiscal 2018 on May 21, 2018.

Contact: Matthew Smith Head of Investor Relations Amdocs 314-212-8328 E-mail: dox_info@amdocs.com

AMDOCS LIMITED

Consolidated Statements of Income (in thousands, except per share data)

Three months ended Nine months ended June 30, June 30, ---------------------- ------------------------ 2018 2017 2018 2017 ----------- --------- ----------- ----------- Revenue $ 1,002,198 $ 966,695 $ 2,972,249 $ 2,887,431 Operating expenses: Cost of revenue 650,569 628,640 1,940,353 1,871,211 Research and development 72,729 67,118 205,832 194,411 Selling, general and administrative 116,396 113,997 355,263 352,541 Amortization of purchased intangible assets and other 26,929 27,028 81,256 83,982 Restructuring charges 30,057 - 30,057 - 896,680 836,783 2,612,761 2,502,145 - --------- - ------- - --------- Operating income 105,518 129,912 359,488 385,286 Interest and other (expense) income, net (3,212) 1,152 (3,330) (2,079) - --------- - ------- - --------- - --------- Income before income taxes 102,306 131,064 356,158 383,207 Income taxes 10,776 11,800 46,028 53,590 - --------- - ------- - --------- Net income $ 91,530 $ 119,264 $ 310,130 $ 329,617 - --------- - ------- - --------- Basic earnings per share $ 0.64 $ 0.82 $ 2.17 $ 2.25 - --------- - ------- - --------- - --------- Diluted earnings per share $ 0.64 $ 0.81 $ 2.15 $ 2.23 - --------- - ------- Basic weighted average number of shares outstanding 141,972 145,904 142,982 146,439 - --------- - ------- Diluted weighted average number of shares outstanding 143,196 147,259 144,320 147,865 - --------- - ------- - --------- - --------- Cash dividends declared per share $ 0.250 $ 0.220 $ 0.720 $ 0.635 - --------- - ------- - --------- - ---------

AMDOCS LIMITED

Selected Financial Metrics(in thousands, except per share data)

Three months ended Nine months ended June 30, June 30, ---------------------- ------------------------ 2018 2017 2018 2017 ----------- --------- ----------- ----------- Revenue $ 1,002,198 $ 966,695 $ 2,972,249 $ 2,887,431 Non-GAAP operating income 173,590 167,193 514,414 497,275 Non-GAAP net income 147,547 150,440 439,363 423,171 Non-GAAP diluted earnings per share $ 1.03 $ 1.02 $ 3.04 $ 2.86 Diluted weighted average number of shares outstanding 143,196 147,259 144,320 147,865

AMDOCS LIMITED

Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP (in thousands)

Three months ended June 30, 2018 ----------------------------------------------------------------------- Reconciliation items --------------------------------------------------- Changes in fair Amortizatio value n of Equity of GAAP purchased based certain RestructuriTax effect Non-GAAP intangible compensatioacquisitng charges assets and n expense ion-rela other ted liabilit ies --------- ---------- ---------- ------- ---------- ---------- --------- Operating expenses: Cost of revenue $ 650,569 - $ (5,074) $ (572) $ - $ - $ 644,923 Research and development 72,729 - (1,071) - - - 71,658 Selling, general and administrative 116,396 - (4,369) - - - 112,027 Amortization of purchased intangible 26,929 (26,929) - - - - - assets and other Restructuring 30,057 - - - (30,057) - - charges - ------- - -------- - -------- ------- - -------- - -------- - ------- Total operating 896,680 (26,929) (10,514) (572) (30,057) - 828,608 expenses --------- ---------- ---------- ------- ---------- ---------- --------- Operating income 105,518 26,929 10,514 572 30,057 - 173,590 --------- ---------- ---------- ------- ---------- ---------- --------- Income taxes 10,776 - - - - 12,055 22,831 --------- ---------- ---------- ------- ---------- ---------- --------- Net income $ 91,530 $ 26,929 $ 10,514 $ 572 $ 30,057 $ (12,055) $ 147,547 - ------- - -------- - -------- - ----- - -------- - -------- - -------

Three months ended June 30, 2017 Reconciliation items ------------------------------- Amortizatio n of Equity GAAP purchased based Tax Non-GAAP intangible compensatioeffect assets and n expense other --------- ---------- ---------- --------- --------- Operating expenses: Cost of revenue $ 628,640 $ - $ (4,763) $ - $ 623,877 Research and development 67,118 - (914) - 66,204 Selling, general and administrative 113,997 - (4,576) - 109,421 Amortization of purchased intangible assets and other 27,028 (27,028) - - - - ------- - -------- - -------- - ------- - ------- Total operating expenses 836,783 (27,028) (10,253) - 799,502 --------- ---------- ---------- --------- --------- Operating income 129,912 27,028 10,253 - 167,193 --------- ---------- ---------- --------- --------- Income taxes 11,800 - - 6,105 17,905 --------- ---------- ---------- --------- --------- Net income $ 119,264 $ 27,028 $ 10,253 $ (6,105) $ 150,440 - ------- - -------- - -------- - ------- - -------

AMDOCS LIMITED

Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP(in thousands)

Nine months ended June 30, 2018 Reconciliation items ----------------------------------------------------------------------- Amortization Equity based Changes in fair Restructuring GAAP of purchased compensation value of certain Tax effect Non-GAAP intangible expense acquisition-related charges assets and liabilities other ----------- ------------ ------------ ------------------- ------------- ----------- ----------- Operating expenses: Cost of $ 1,940,353 $ - $ (14,502) $ (9,033) $ - $ - $ 1,916,818 revenue Research and 205,832 - (2,664) - - - 203,168 development Selling, general and 355,263 - (17,414) - - - 337,849 administrative Amortization of purchased intangible 81,256 (81,256) - - - - - assets and other Restructuring 30,057 - - - (30,057) - - charges - --------- - -------- - - -------- - - ------- --------- - -------- -- - -------- - --------- Total operating 2,612,761 (81,256) (34,580) (9,033) (30,057) - 2,457,835 expenses ----------- ------------ ------------ ------------------- ------------- ----------- ----------- Operating 359,488 81,256 34,580 9,033 30,057 - 514,414 income - --------- - -------- - - -------- - - ------- --------- - -------- -- - -------- - --------- Income taxes 46,028 - - - - 25,693 71,721 ----------- ------------ ------------ ------------------- ------------- ----------- ----------- Net income $ 310,130 $ 81,256 $ 34,580 $ 9,033 $ 30,057 $ (25,693) $ 439,363 - --------- - -------- - - -------- - - ------- --------- - -------- -- - -------- - ---------

Nine months ended June 30, 2017 Reconciliation items Changes Amortizatio in fair n of Equity value of GAAP purchased based certain Tax effect Non-GAAP intangible compensatioacquisitio assets and n expense n-related other liabilitie s ------------- ---------- ---------- --------- ---------- ----------- Operating expenses: Cost of revenue $ 1,871,211 $ - $ (14,734) $ 6,691 $ - $ 1,863,168 Research and development 194,411 - (2,714) - - 191,697 Selling, general and administrative 352,541 - (17,250) - - 335,291 Amortization of purchased intangible assets 83,982 (83,982) - - - - and other - --------- - -------- - -------- - ------- - -------- - --------- Total operating 2,502,145 (83,982) (34,698) 6,691 - 2,390,156 expenses ------------- ---------- ---------- --------- ---------- ----------- Operating income 385,286 83,982 34,698 (6,691) - 497,275 - --------- - -------- - -------- - ------- - -------- - --------- Income taxes 53,590 - - - 18,435 72,025 ------------- ---------- ---------- --------- ---------- ----------- Net income $ 329,617 $ 83,982 $ 34,698 $ (6,691) $ (18,435) $ 423,171 - --------- - -------- - -------- - ------- - -------- - ---------

AMDOCS LIMITED

Condensed Consolidated Balance Sheets (in thousands)

As of June 30, September 2018 30, 2017 ----------- ----------- ASSETS Current assets Cash, cash equivalents and short-term interest-bearing investments $ 561,041 $ 979,608 Accounts receivable, net, including unbilled of $248,938 and $229,695, respectively 982,213 865,068 Prepaid expenses and other current assets 236,988 203,810 - --------- Total current assets 1,780,242 2,048,486 Property and equipment, net 476,126 355,685 Goodwill and other intangible assets, net 2,751,266 2,398,535 Other noncurrent assets 435,834 476,674 Total assets $ 5,443,468 $ 5,279,380 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities Accounts payable, accruals and other 1,176,102 1,059,855 Deferred revenue 142,655 113,091 - --------- - --------- Total current liabilities 1,318,757 1,172,946 Other noncurrent liabilities 561,842 532,364 Total Amdocs Limited Shareholders’ equity 3,519,706 3,574,070 Noncontrolling interests 43,163 - Total equity $ 3,562,869 $ 3,574,070 Total liabilities and equity $ 5,443,468 $ 5,279,380 - --------- - ---------

AMDOCS LIMITEDConsolidated Statements of Cash Flows(in thousands)

Nine months ended June 30, ------------------------ 2018 2017 - --------- - --------- Cash Flow from Operating Activities: Net income $ 310,130 $ 329,617 Reconciliation of net income to net cash provided by operating activities: Depreciation and amortization 157,421 163,533 Equity-based compensation expense 34,580 34,698 Deferred income taxes 7,947 7,201 Excess tax benefit from equity-based compensation - (3,716) Loss (gain) from short-term interest-bearing investments 1,324 (144) Net changes in operating assets and liabilities, net of amounts acquired: Accounts receivable (81,690) (73,033) Prepaid expenses and other current assets (21,796) (1,258) Other noncurrent assets 2,006 (60,949) Accounts payable, accrued expenses and accrued personnel 42,374 75,178 Deferred revenue 21,221 (38,817) Income taxes payable (15,428) (7,726) Other noncurrent liabilities (16,189) 12,520 Net cash provided by operating activities 441,900 437,104 - --------- - --------- Cash Flow from Investing Activities: Purchase of property and equipment (197,253) (98,565) Proceeds from sale of short-term interest-bearing investments 302,949 218,395 Purchase of short-term interest-bearing investments (76,037) (218,772) Net cash paid for acquisitions (352,599) - Other (2,414) (10,022) - --------- - --------- Net cash used in investing activities (325,354) (108,964) - --------- - --------- Cash Flow from Financing Activities: Borrowings under financing arrangements 200,000 200,000 Payments under financing arrangements (200,000) (400,000) Repurchase of shares (329,593) (250,231) Proceeds from employee stock options exercised 76,236 75,763 Payments of dividends (98,929) (89,522) Investment by noncontrolling interests, net 47,013 - Excess tax benefit from equity-based compensation and other - 3,716 Other (323) - Net cash used in financing activities (305,596) (460,274) - --------- - --------- Net decrease in cash and cash equivalents (189,050) (132,134) Cash and cash equivalents at beginning of period 649,611 768,660 - --------- - --------- Cash and cash equivalents at end of period $ 460,561 $ 636,526 - --------- - ---------

AMDOCS LIMITEDSupplementary Information(in millions)

Three months ended --------------------------------------------- June 30, March December Septembe June 2018 31, 31, r 30, 30, 2018 2017 2017 2017 --------- ------- ------- ------- ------- North America $ 644.8 $ 624.2 $ 643.0 $ 644.1 $ 637.9 Europe 139.3 148.6 133.7 129.8 125.2 Rest of the World 218.1 219.5 201.0 205.8 203.6 - ------- - ----- - ----- - ----- - ----- Total Revenue $ 1,002.2 $ 992.3 $ 977.7 $ 979.7 $ 966.7 - ------- - ----- - ----- - ----- - -----

Three months ended -------------------------------------------- June March December Septembe June 30, 31, 31, r 30, 30, 2018 2018 2017 2017 2017 ------- ------- ------- ------- ------- Managed Services Revenue $ 515.0 $ 508.9 $ 518.7 $ 503.8 $ 496.3 - ----- - ----- - ----- - ----- - -----

Three months ended --------------------------------------------- June 30, March December Septembe June 2018 31, 31, r 30, 30, 2018 2017 2017 2017 --------- ------- ------- ------- ------- Customer Experience 991.0 980.7 965.9 967.7 954.8 Systems Directory 11.2 11.6 11.8 12.0 11.9 - ------- - ----- - ----- - ----- - ----- Total Revenue $ 1,002.2 $ 992.3 $ 977.7 $ 979.7 $ 966.7 - ------- - ----- - ----- - ----- - -----

As of ------------------------------------------- June March December Septembe June 30, 31, 31, r 30, 30, 2018 2018 2017 2017 2017 ------- ------- ------- ------- ------- 12-Month Backlog $ 3,330 $ 3,320 $ 3,260 $ 3,250 $ 3,220 - ----- - ----- - ----- - ----- - -----