Ameresco Balance Sheet (2010-2025) | AMRC

Balance Sheet Mar2010 Jun2010 Sep2010 Dec2010 Mar2011 Jun2011 Sep2011 Dec2011 Mar2012 Jun2012 Sep2012 Dec2012 Mar2013 Jun2013 Sep2013 Dec2013 Mar2014 Jun2014 Sep2014 Dec2014 Mar2015 Jun2015 Sep2015 Dec2015 Mar2016 Jun2016 Sep2016 Dec2016 Mar2017 Jun2017 Sep2017 Dec2017 Mar2018 Jun2018 Sep2018 Dec2018 Mar2019 Jun2019 Sep2019 Dec2019 Mar2020 Jun2020 Sep2020 Dec2020 Mar2021 Jun2021 Sep2021 Dec2021 Mar2022 Jun2022 Sep2022 Dec2022 Mar2023 Jun2023 Sep2023 Dec2023 Mar2024 Jun2024 Sep2024 Dec2024 Mar2025 Jun2025 Sep2025
Assets
Current Assets
Cash & Equivalents 24.36M21.13M47.93M44.69M44.69M28.91M31.73M26.28M38.44M28.91M26.18M63.35M20.96M17.63M18.79M17.17M20.74M16.41M23.49M23.76M17.66M19.32M21.26M21.64M17.10M15.28M18.36M20.61M24.45M27.13M29.56M24.26M34.12M27.95M64.54M61.40M25.49M38.34M34.10M33.22M40.35M41.88M45.35M66.42M80.97M58.81M57.12M50.45M68.29M67.55M122.54M115.53M178.94M49.00M107.78M79.27M77.68M150.28M113.50M108.52M74.63M88.81M98.50M
Cash & Current Investments 24.36M21.13M47.93M44.69M44.69M28.91M31.73M26.28M38.44M28.91M26.18M63.35M20.96M17.63M18.79M17.17M20.74M16.41M23.49M23.76M17.66M19.32M21.26M21.64M17.10M15.28M18.36M20.61M24.45M27.13M29.56M24.26M34.12M27.95M64.54M61.40M25.49M38.34M34.10M33.22M40.35M41.88M45.35M66.42M80.97M58.81M57.12M50.45M68.29M67.55M122.54M115.53M178.94M49.00M107.78M79.27M77.68M150.28M113.50M108.52M74.63M88.81M98.50M
Receivables - Net 10.91M61.80M91.91M68.58M76.78M81.90M143.86M109.30M84.95M96.65M103.09M84.12M88.30M76.76M79.04M82.01M76.42M74.94M92.73M71.66M65.64M68.61M75.65M73.37M69.11M80.44M80.74M85.35M55.10M67.68M64.23M85.12M93.62M115.60M90.38M85.98M81.90M109.33M91.75M95.86M110.74M86.02M121.67M125.01M113.09M115.46M112.89M161.97M204.08M207.99M219.82M174.01M130.94M123.36M133.07M153.36M146.84M154.66M230.30M256.96M226.66M245.85M253.79M
Receivables - Other -2.70M-7.80M32.72M35.56M41.84M46.59M55.09M69.25M51.52M57.04M63.14M62.10M43.53M52.56M64.02M71.20M49.75M56.00M53.32M66.33M63.15M68.91M76.65M88.33M58.43M69.80M60.09M56.91M50.05M53.31M82.65M104.85M64.06M64.66M66.47M86.84M92.26M120.69M124.65M202.24M189.57M195.39M179.91M185.96M179.47M195.03M213.47M306.17M460.24M663.80M628.53M576.36M497.76M575.11M591.38M636.16M652.43M651.75M572.80M644.11M559.05M592.87M691.32M
Receivables 8.21M54.00M124.63M104.14M118.62M128.49M198.95M178.55M136.48M153.69M166.23M146.22M131.83M129.33M143.06M153.21M126.17M130.94M146.05M137.99M128.79M137.51M152.30M161.71M127.54M150.24M140.82M142.27M105.15M120.99M146.88M189.97M157.69M180.25M156.85M172.83M174.16M230.02M216.41M298.11M300.31M281.41M301.58M310.97M292.57M310.49M326.36M468.14M664.32M871.79M848.35M750.37M628.70M698.47M724.45M789.52M799.26M806.41M803.10M901.07M785.71M838.72M945.11M
Inventory -0.54M5.33M5.31M6.78M8.41M8.76M8.32M8.64M8.78M9.15M7.09M9.50M11.49M11.55M9.41M10.26M9.23M9.26M9.05M8.90M8.92M10.12M12.21M13.22M13.55M14.41M13.39M12.10M10.95M9.48M8.60M8.14M8.68M8.26M8.13M7.76M8.93M9.22M9.90M9.24M9.23M9.00M9.08M8.57M8.53M8.80M8.33M8.81M9.72M10.89M13.10M14.22M13.61M14.13M13.65M13.64M13.08M12.48M11.97M11.56M12.35M12.39M12.79M
Current Deferred Tax Assets 1.60M-2.39M11.90M9.91M16.59M11.48M12.67M6.46M6.46M6.46M7.41M5.19M6.25M4.48M4.50M4.84M4.84M6.05M6.22M5.44M5.71M5.36M6.07M
Prepaid Assets -3.52M-3.70M-5.52M8.47M8.55M9.20M10.22M8.99M6.18M10.68M8.31M9.60M8.64M11.02M10.11M14.18M8.81M12.58M12.93M8.67M7.58M12.07M12.94M11.74M14.45M12.02M14.73M11.73M14.45M10.61M13.84M14.04M23.26M14.85M13.12M11.57M14.44M16.72M22.59M29.42M28.05M27.53M34.77M26.85M26.75M25.39M24.80M25.38M19.02M23.15M21.98M38.62M56.31M58.87M67.86M123.39M118.81M134.38M155.35M145.91M242.29M182.88M189.75M
Current Assets 164.31M220.90M211.71M217.24M261.65M310.82M283.06M246.60M263.35M268.16M297.84M244.35M242.22M254.42M247.01M220.35M224.03M244.74M215.79M210.19M227.11M256.27M263.70M226.01M243.44M236.58M226.06M199.28M216.94M245.22M287.08M279.41M294.43M300.96M310.97M280.33M348.68M341.08M425.19M438.09M422.43M456.58M490.71M485.78M483.84M502.19M638.59M845.20M1,064.87M1,092.99M1,001.35M957.97M921.87M1,030.12M1,128.47M1,126.47M1,239.96M1,224.55M1,301.13M1,257.07M1,280.43M1,420.50M
Non-Current Assets
Construction in Progress 3.13M5.18M7.89M7.56M6.64M6.80M8.17M6.03M6.86M7.18M8.26M9.04M10.68M11.46M11.88M9.69M11.16M11.19M11.56M9.67M11.85M14.42M15.78M15.54M17.33M17.15M15.04M9.18M10.20M13.34M12.58M11.38M14.65M16.09M16.78M21.72M25.83M23.85M26.30M
Property, Plant & Equipment (Net) 126.44M135.00M145.15M143.02M148.88M169.09M177.85M181.53M188.06M197.64M207.27M214.35M229.43M227.10M210.74M214.64M210.26M216.33M217.77M214.07M223.77M239.12M244.31M247.84M256.64M279.26M319.76M339.93M348.47M357.15M356.44M381.72M404.89M442.02M459.95M476.58M492.68M507.76M579.46M596.49M637.62M670.14M729.38M765.12M798.61M828.68M856.53M908.01M964.87M1,032.81M1,181.53M1,270.23M1,417.69M1,656.59M1,689.42M1,788.57M1,813.65M1,882.59M1,915.31M1,955.28M2,041.25M2,117.46M
Goodwill 16.13M18.46M20.58M20.58M20.58M41.91M16.55M47.92M47.88M50.32M48.97M50.38M2.63M55.62M53.07M53.66M56.46M61.12M60.48M59.40M59.88M59.37M59.09M59.09M58.62M58.36M57.98M55.44M55.78M56.11M56.13M56.29M57.27M58.85M58.33M58.84M58.13M57.90M58.41M57.74M57.84M58.17M58.71M58.81M58.90M58.63M71.16M71.33M70.83M70.12M70.63M6.86M77.85M77.34M75.59M75.31M75.25M75.92M66.31M68.34M69.44M69.25M
Intangibles 13.22M12.73M11.07M9.76M10.39M9.74M9.42M11.49M10.24M10.25M8.48M9.85M13.01M11.24M9.92M9.20M7.98M6.77M6.08M5.28M4.62M3.93M3.37M3.11M2.80M2.44M2.23M2.41M2.31M2.00M2.31M2.05M1.81M1.61M1.41M1.23M1.07M0.93M0.85M0.77M0.69M6.96M5.97M5.53M5.09M4.69M8.67M8.14M7.35M6.81M6.20M5.64M5.39M8.81M9.17M8.74M8.11M
Goodwill & Intangibles 16.13M18.46M20.58M20.58M20.58M55.13M29.27M58.99M57.63M60.71M58.71M59.80M14.12M65.85M63.33M62.14M66.31M74.13M71.72M69.32M69.08M67.35M65.86M65.18M63.90M62.98M61.91M58.81M58.89M58.91M58.58M58.52M59.68M61.17M60.34M61.15M60.18M59.71M60.03M59.15M59.07M59.24M59.64M59.66M59.67M59.32M78.12M77.31M76.36M75.21M75.33M15.52M85.99M84.69M82.39M81.51M80.88M81.31M75.12M77.51M78.19M77.35M
Long-Term Deferred Tax 8.05M9.19M20.79M35.41M3.57M2.47M3.86M3.97M3.87M3.70M3.72M3.65M3.36M3.04M3.05M3.59M9.44M26.41M25.68M29.51M36.61M56.52M67.23M70.79M76.35M
Other Non-Current Assets 1.20M2.02M4.14M4.60M4.01M4.85M6.39M3.78M3.99M4.71M4.57M5.75M5.94M6.10M7.26M26.91M23.07M22.58M21.39M25.73M23.05M23.19M17.18M18.45M21.64M22.79M24.76M26.33M24.61M25.20M27.07M27.64M28.38M31.93M30.71M29.39M32.27M34.58M36.79M24.04M35.83M20.57M22.25M15.31M18.05M19.07M15.40M22.78M24.59M34.19M37.65M38.56M41.34M43.22M69.36M89.73M104.32M148.80M77.81M89.95M87.56M106.02M109.67M
Non-Current Assets -164.31M-220.90M372.70M-217.24M398.93M477.62M362.54M379.37M397.33M413.54M377.63M386.54M377.73M342.74M359.29M360.75M362.95M389.63M406.07M402.44M409.99M438.51M459.74M444.17M480.99M497.52M571.22M615.97M658.95M658.43M696.87M732.36M749.67M813.49M850.66M918.35M761.21M829.27M142.46M145.41M145.52M145.01M143.13M140.88M138.86M110.15M108.50M119.31M135.48M136.85M182.05M213.95M2,119.14M2,430.87M2,585.30M2,676.79M2,725.15M2,757.69M2,857.37M2,912.87M3,014.85M3,005.91M
Assets 582.45M660.58M788.43M645.60M625.98M660.68M681.70M675.47M630.89M619.95M597.16M606.30M581.10M586.98M634.37M621.86M612.64M637.10M694.78M723.44M670.18M724.42M734.09M797.28M815.25M875.88M903.64M983.95M1,011.77M1,044.10M1,114.45M1,161.63M1,198.68M1,109.89M1,170.36M1,374.01M1,413.58M1,459.53M1,584.70M1,754.12M1,848.75M1,938.69M1,968.18M2,224.82M2,530.57M2,884.78M3,038.04M2,876.82M2,967.35M3,041.01M3,460.99M3,713.78M3,803.27M3,965.10M3,982.24M4,158.51M4,169.94M4,295.28M4,426.41M
Liabilities
Current Liabilities
Accounts Payables -28.10M-19.19M94.67M95.30M72.43M77.78M116.28M93.51M71.42M80.90M79.15M101.01M66.40M67.32M77.33M79.51M65.60M73.75M79.79M87.79M63.65M79.28M112.38M114.76M91.04M112.97M125.01M126.58M89.58M102.53M122.73M135.88M100.08M115.81M119.97M134.33M102.43M117.19M133.83M202.42M182.35M162.40M205.54M230.92M202.12M193.37M196.48M308.96M231.53M432.69M411.37M349.13M285.46M290.28M328.15M402.75M437.24M497.03M399.24M529.34M435.63M451.57M569.60M
Notes Payables 7.30M
Payables -28.10M-19.19M94.67M95.30M72.43M77.78M116.28M100.80M71.42M80.90M79.15M101.01M66.40M67.32M77.33M79.51M65.60M73.75M79.79M87.79M63.65M79.28M112.38M114.76M91.04M112.97M125.01M126.58M89.58M102.53M122.73M135.88M100.08M115.81M119.97M134.33M102.43M117.19M133.83M202.42M182.35M162.40M205.54M230.92M202.12M193.37M196.48M308.96M231.53M432.69M411.37M349.13M285.46M290.28M328.15M402.75M437.24M497.03M399.24M529.34M435.63M451.57M569.60M
Accumulated Expenses 9.82M13.36M12.52M12.91M7.03M12.26M8.92M10.76M11.97M12.83M13.16M9.54M10.67M11.85M23.26M12.24M19.98M23.50M23.79M26.65M26.16M31.79M21.98M21.59M21.72M22.40M22.76M20.43M21.15M23.20M23.26M23.82M22.80M28.07M35.95M28.49M29.26M28.70M31.36M32.53M26.25M30.06M41.75M40.30M40.11M41.96M43.31M43.78M41.63M95.27M89.17M115.04M81.01M93.58M108.83M109.95M100.20M101.26M107.29M112.45M105.31M105.83M
Short term Debt 9.30M4.93M4.72M11.04M11.04M11.12M11.56M12.37M12.27M11.36M12.45M10.74M13.92M15.65M12.97M13.73M13.50M13.62M12.26M12.65M12.25M12.39M13.43M13.57M14.88M15.25M19.29M20.32M22.27M24.16M22.38M26.25M27.45M24.40M26.89M55.73M54.35M54.96M69.97M69.28M44.22M61.52M69.36M71.77M79.78M74.90M78.93M80.19M82.71M301.25M331.48M313.46M333.00M409.91M322.25M539.20M523.83M343.25M149.36M149.30M160.58M167.08M
Current Leases 2.19M4.16M4.96M5.08M5.81M5.93M5.80M5.36M5.22M6.01M6.11M5.68M6.00M6.26M6.28M6.13M5.95M6.13M5.83M5.87M5.93M12.70M13.57M14.22M13.62M12.24M10.54M9.59M7.62M8.06M
Current Taxes 0.27M1.60M-0.95M2.49M1.72M0.98M0.80M0.61M0.81M0.57M0.92M0.81M0.83M0.72M0.63M0.78M0.70M0.60M2.85M0.76M0.56M1.30M6.35M1.10M1.20M0.14M0.49M1.21M0.22M0.98M1.50M1.30M0.82M1.77M1.63M3.07M1.67M7.95M1.56M1.11M1.17M0.40M0.22M0.66M0.74M0.12M0.56M1.43M
Current Deferred Revenue -0.71M4.36M30.87M27.56M23.19M27.45M31.35M26.98M27.95M35.22M28.25M22.27M23.20M22.53M14.53M16.93M13.72M15.64M18.97M18.29M22.74M23.93M25.49M28.74M25.88M22.26M18.72M21.19M18.14M21.49M17.77M19.87M29.50M27.25M39.53M30.71M31.48M30.21M28.77M32.18M30.67M39.93M40.30M40.62M36.80M32.64M34.81M42.40M38.05M45.96M49.48M42.41M51.84M56.12M52.50M71.30M81.15M117.83M128.83M121.62M123.12M131.16M123.67M
Total Current Liabilities 119.36M146.64M142.59M121.30M124.28M171.80M148.27M122.49M140.36M131.59M148.89M109.89M114.43M119.37M133.29M105.30M122.86M135.88M142.93M126.25M141.61M182.97M179.72M152.92M172.55M182.02M190.60M149.16M168.04M190.71M202.14M173.18M187.26M211.30M222.63M218.29M231.12M246.66M336.65M316.08M272.98M338.67M383.10M351.58M345.81M348.92M474.22M395.14M604.40M860.26M812.07M767.11M752.25M882.34M901.47M1,162.28M1,232.39M964.67M889.01M798.30M822.08M939.30M
Non-Current Liabilities
Capital Leases 14.65M34.87M33.36M
Non-Current Debt 163.41M180.66M202.41M231.94M263.43M325.91M196.40M197.28M207.83M223.98M109.08M197.67M186.35M150.49M103.22M107.48M91.74M108.45M90.04M88.15M90.57M83.24M100.49M91.18M104.77M113.60M140.59M173.32M172.73M178.14M173.24M218.40M221.27M226.25M219.16M197.01M224.03M223.77M266.18M285.55M295.05M278.13M311.67M268.41M305.35M325.33M377.18M659.70M698.37M511.62M568.63M631.68M784.27M1,022.26M1,170.08M1,011.58M1,078.99M1,317.52M1,483.90M1,567.47M1,661.84M1,716.69M
Non-Current Deffered Revenue 4.05M4.00M4.20M6.28M6.19M6.11M6.02M5.94M5.85M6.69M7.59M7.89M7.86M7.74M8.16M8.04M9.12M8.98M8.84M8.70M8.57M8.43M8.29M8.15M8.02M7.88M7.74M7.60M7.46M7.33M7.19M7.05M6.91M6.64M6.50M6.36M6.22M6.88M6.68M6.57M7.01M8.27M8.17M8.07M8.26M8.50M8.38M8.10M7.72M7.59M7.42M7.32M7.07M6.97M6.74M6.67M6.81M6.44M5.66M5.68M5.48M
Minority Interest 0.06M0.07M0.07M0.07M-0.03M-0.09M0.01M0.00M0.01M0.01M0.01M0.00M-0.00M-0.00M0.49M6.72M6.76M6.80M6.85M5.68M7.30M7.53M10.34M10.75M12.32M14.59M14.72M13.34M32.04M32.11M31.62M31.94M36.30M36.42M38.85M39.67M46.00M44.95M46.18M47.44M47.92M48.08M49.00M65.85M47.99M47.27M46.87M43.91M43.78M42.76M31.92M34.15M36.31M38.22M
Non-Current Deferred Tax Liability 12.01M16.34M24.13M29.95M29.40M29.44M29.53M24.89M25.59M23.27M22.68M10.88M14.71M16.18M15.27M2.57M5.94M5.28M4.52M6.14M1.96M1.31M2.42M9.04M4.24M3.07M2.85M0.58M8.51M6.77M47.80M4.07M3.68M3.24M64.09M3.22M3.99M80.79M4.47M7.16M5.06M123.19M6.06M8.86M10.54M134.84M2.87M7.97M4.13M155.49M4.58M4.37M2.60M2.22M2.12M2.18M2.77M
Operating Leases 32.39M34.12M34.73M34.90M34.46M37.91M38.52M41.41M43.40M42.73M42.63M41.41M38.99M38.59M37.27M37.53M37.65M38.42M51.51M55.83M64.93M62.16M70.25M70.02M67.34M65.16M64.09M
Other Non-Current Liabilities 0.93M1.63M1.70M28.14M30.10M30.99M29.67M28.53M28.14M28.64M30.86M92.84M28.38M26.00M27.74M44.30M47.82M45.92M64.83M70.88M80.77M85.43M106.40M122.04M99.26M121.63M108.04M133.00M163.70M197.73M188.42M235.09M244.34M238.62M262.48M288.05M321.95M163.86M196.58M245.04M276.18M334.72M385.39M440.22M473.88M506.68M487.25M532.29M600.51M657.24M706.93M478.50M520.82M464.57M486.02M533.05M504.69M511.23M520.50M555.40M567.60M550.63M499.07M
Total Non-Current Liabilities -0.93M-1.63M-1.70M218.62M-30.10M285.97M356.14M260.91M232.63M271.77M291.06M264.76M259.54M243.49M208.64M285.20M265.10M269.22M288.33M264.68M251.10M266.37M301.15M313.99M282.02M314.90M333.83M369.97M355.14M374.95M403.23M412.24M427.17M454.77M487.76M-253.36M494.99M-123.64M-157.04M24.65M24.21M24.13M23.63M22.82M22.39M22.26M21.75M20.95M20.50M20.36M19.97M19.18M19.70M-310.85M-305.93M-333.99M-458.81M-468.15M-473.24M-538.52M-519.83M-446.45M-352.99M
Total Liabilities 246.77M316.96M385.81M260.91M260.76M412.13M422.65M413.65M369.43M357.93M328.01M329.50M312.92M315.15M353.17M335.56M331.87M351.79M407.55M436.03M381.28M436.54M441.87M502.98M518.84M572.68M591.65M647.33M671.51M693.39M750.25M34.68M816.94M40.22M39.55M38.57M38.02M36.10M35.33M33.34M32.61M32.32M31.22M31.12M30.79M32.25M33.41M50.73M41.82M153.72M180.09M199.06M45.88M43.07M47.26M16.87M47.77M104.18M146.08M
Shareholder's Equity
Total Debt 172.72M185.60M207.13M242.98M274.46M337.02M207.97M209.66M220.10M235.34M121.53M208.41M200.28M166.15M116.20M121.21M105.24M122.07M102.29M100.80M102.81M95.63M113.92M104.75M119.65M128.84M159.88M193.64M195.00M202.30M195.61M244.65M248.72M250.65M246.05M252.75M278.38M278.72M336.15M354.83M339.26M339.65M381.04M340.18M385.13M400.24M456.12M739.89M781.07M812.87M900.11M945.13M1,117.27M1,432.16M1,492.32M1,550.78M1,602.83M1,660.76M1,633.26M1,716.77M1,822.42M1,883.77M
Common Equity 195.05M219.34M230.82M236.42M242.72M248.55M259.05M261.82M261.47M262.02M269.15M276.81M268.18M271.84M281.20M286.31M280.77M285.31M287.23M287.41M288.89M287.88M292.22M294.31M296.41M303.20M311.99M336.62M340.27M350.71M364.21M376.88M381.74M390.33M401.99M428.86M432.18M439.67M463.06M492.81M628.86M645.58M668.84M704.26M736.21M781.57M814.54M873.03M894.77M873.98M899.13M925.89M930.16M941.19M966.74M1,045.15M1,046.08M1,070.87M1,093.89M
Shareholder's Equity 110.76M182.26M195.05M219.34M230.82M236.42M242.72M248.55M259.05M261.82M261.47M262.02M269.15M276.81M268.18M271.84M281.20M286.31M280.77M285.31M287.23M287.41M288.89M287.88M292.22M294.31M296.41M303.20M311.99M336.62M340.27M350.71M364.21M376.88M381.74M390.33M401.99M428.86M432.18M439.67M463.06M492.81M628.86M645.58M668.84M704.26M736.21M781.57M814.54M873.03M894.77M873.98M899.13M925.89M930.16M941.19M966.74M1,045.15M1,046.08M1,070.87M1,093.89M
Liabilities and Shareholders Equity 582.45M660.58M788.43M645.60M625.98M660.68M681.70M675.47M630.89M619.95M597.16M606.30M581.10M586.98M634.37M621.86M612.64M637.10M694.78M723.44M670.18M724.42M734.09M797.28M815.25M875.88M903.64M983.95M1,011.77M1,044.10M1,114.45M1,161.63M1,198.68M1,109.89M1,170.36M1,374.01M1,413.58M1,459.53M1,584.70M1,754.12M1,848.75M1,938.69M1,968.18M2,224.82M2,530.57M2,884.78M3,038.04M2,876.82M2,967.35M3,041.01M3,460.99M3,713.78M3,803.27M3,965.10M3,982.24M4,158.51M4,169.94M4,295.28M4,426.41M
Treasury Shares 4.83M4.83M4.83M4.83M4.83M4.83M4.83M4.83M4.83M4.83M4.83M0.42M0.92M-1.30M1.69M1.72M1.83M0.57M0.21M0.21M0.21M0.22M2.09M2.10M2.10M2.10M2.10M2.10M2.10M2.10M2.10M2.10M2.10M2.10M2.10M2.10M2.10M2.10M2.10M2.10M2.10M2.10M2.10M2.10M2.10M2.10M2.10M2.10M
Retained Earnings 106.87M118.91M125.40M140.73M153.09M158.81M162.84M168.01M174.78M177.17M175.25M173.46M178.01M171.09M162.81M165.53M172.82M181.48M177.29M179.28M183.46M182.32M185.51M187.50M193.22M194.35M197.71M203.54M212.03M235.84M238.38M247.08M258.21M269.81M274.17M283.39M292.26M314.46M320.66M325.02M344.94M368.39M379.53M393.16M410.55M438.73M456.09M488.28M515.64M533.55M534.62M540.96M562.20M595.91M592.95M597.93M615.50M652.56M647.05M659.89M678.39M