10-Q Filing

SONOS INC CIK: 1314727 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001314727-19-000008`
Period End Date	20181231
Filing Date	20190207
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	sono-20181229.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 49 Cash Flow Statement 65 Stockholders Equity 28

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$307.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$220.93M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$187.00K	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$190.00K	USD	Point-in-time
Accounts receivable, net of allowances	`AccountsReceivableNetCurrent`	$73.21M	USD	Point-in-time
Accounts receivable, net of allowances	`AccountsReceivableNetCurrent`	$121.65M	USD	Point-in-time
Inventories	`InventoryNet`	$193.19M	USD	Point-in-time
Inventories	`InventoryNet`	$109.85M	USD	Point-in-time
Prepaids and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.07M	USD	Point-in-time
Prepaids and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$13.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$552.26M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$497.60M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$85.37M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$79.33M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$699.00K	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$941.00K	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$3.50M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$3.59M	USD	Point-in-time
Total assets	`Assets`	$635.79M	USD	Point-in-time
Total assets	`Assets`	$587.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$149.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$195.16M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$38.69M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$59.87M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$18.78M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$33.37M	USD	Point-in-time
Short-term debt	`DebtCurrent`	$8.33M	USD	Point-in-time
Short-term debt	`DebtCurrent`	$6.67M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$11.62M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$12.62M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$10.86M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$22.78M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$271.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$296.36M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$31.45M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$33.10M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$42.83M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$39.35M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$9.89M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$10.33M	USD	Point-in-time
Total liabilities	`Liabilities`	$355.76M	USD	Point-in-time
Total liabilities	`Liabilities`	$379.14M	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value	`CommonStockValue`	$101.00K	USD	Point-in-time
Common stock, $0.001 par value	`CommonStockValue`	$101.00K	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$11.07M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$11.07M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$424.62M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$434.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-141.94M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-203.61M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.17M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.68M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$27.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$280.03M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$57.27M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$208.36M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$635.79M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$587.50M	USD	Point-in-time

Income Statement 49 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$496.37M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$468.95M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$272.75M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$301.08M	USD	1 Quarter
Gross profit	`GrossProfit`	$196.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$195.29M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$37.09M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$33.53M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$94.03M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$65.85M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$23.82M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$22.37M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$149.93M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$126.77M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$46.27M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$68.52M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-398.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-1.17M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-4.00M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$622.00K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-4.40M	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-544.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$64.12M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$45.73M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$32.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$45.70M	USD	Annual
Net income	`NetIncomeLoss`	$61.67M	USD	1 Quarter
Net income	`NetIncomeLoss`	$45.70M	USD	1 Quarter
Net income attributable to common stockholders - basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$24.73M	USD	1 Quarter
Net income attributable to common stockholders - basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$61.67M	USD	1 Quarter
Net income attributable to common stockholders - diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$61.67M	USD	1 Quarter
Net income attributable to common stockholders - diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$26.63M	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$0.62	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$0.42	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.36	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.55	USD	1 Quarter
Weighted-average shares used in computing net loss per share attributable to common stockholders - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	100.15M	shares	1 Quarter
Weighted-average shares used in computing net loss per share attributable to common stockholders - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	58.77M	shares	1 Quarter
Weighted-average shares used in computing net loss per share attributable to common stockholders - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	112.09M	shares	1 Quarter
Weighted-average shares used in computing net loss per share attributable to common stockholders - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	73.55M	shares	1 Quarter
Net income	`NetIncomeLoss`	$45.70M	USD	Annual
Net income	`NetIncomeLoss`	$61.67M	USD	1 Quarter
Net income	`NetIncomeLoss`	$45.70M	USD	1 Quarter
Change in foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$379.00K	USD	Annual
Change in foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$379.00K	USD	1 Quarter
Change in foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$509.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$62.18M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$46.08M	USD	1 Quarter

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$45.70M	USD	Annual
Net income	`NetIncomeLoss`	$61.67M	USD	1 Quarter
Net income	`NetIncomeLoss`	$45.70M	USD	1 Quarter
Depreciation	`Depreciation`	$9.87M	USD	1 Quarter
Depreciation	`Depreciation`	$9.55M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$9.03M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$9.54M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$475.00K	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$182.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$226.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$65.00K	USD	1 Quarter
Foreign currency transaction (gain) loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$615.00K	USD	1 Quarter
Foreign currency transaction (gain) loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.32M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$18.23M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$49.32M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-9.96M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-81.62M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$3.09M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$574.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-21.41M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$21.68M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-14.45M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-15.20M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$3.38M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$4.60M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$11.53M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$2.54M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$67.97M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$92.05M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.37M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.41M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.41M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.37M	USD	1 Quarter
Proceeds from borrowings, net of borrowing costs	`ProceedsFromDebtNetOfIssuanceCosts`	$30.00M	USD	1 Quarter
Proceeds from borrowings, net of borrowing costs	`ProceedsFromDebtNetOfIssuanceCosts`	-	USD	1 Quarter
Repayments of borrowings	`RepaymentsOfDebt`	-	USD	1 Quarter
Repayments of borrowings	`RepaymentsOfDebt`	$30.00M	USD	1 Quarter
Payments for purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Payments for purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$655.00K	USD	1 Quarter
Proceeds from exercise of common stock options	`ProceedsFromStockOptionsExercised`	$462.00K	USD	1 Quarter
Proceeds from exercise of common stock options	`ProceedsFromStockOptionsExercised`	$2.28M	USD	1 Quarter
Payments of offering costs	`PaymentsOfStockIssuanceCosts`	$567.00K	USD	1 Quarter
Payments of offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.62M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-105.00K	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$652.00K	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-133.00K	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$86.44M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$57.83M	USD	1 Quarter
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$130.79M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$221.12M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$188.62M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$307.56M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$130.79M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$221.12M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$188.62M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$307.56M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$658.00K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$1.25M	USD	1 Quarter
Cash paid for taxes, net of refunds	`IncomeTaxesPaidNet`	$192.00K	USD	1 Quarter
Cash paid for taxes, net of refunds	`IncomeTaxesPaidNet`	$1.31M	USD	1 Quarter
Purchases of property and equipment in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$2.80M	USD	1 Quarter
Purchases of property and equipment in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$6.48M	USD	1 Quarter
Deferred offering costs in accounts payable and accrued expenses	`DeferredStockIssuanceCosts`	$1.60M	USD	1 Quarter
Deferred offering costs in accounts payable and accrued expenses	`DeferredStockIssuanceCosts`	$18.00K	USD	1 Quarter

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Redeemable Convertible Preferred Stock, beginning balance (in shares)	`TemporaryEquitySharesOutstanding`	32.48M	shares	Point-in-time
Redeemable Convertible Preferred Stock, beginning balance (in shares)	`TemporaryEquitySharesOutstanding`	32.48M	shares	Point-in-time
Redeemable Convertible Preferred Stock, beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$90.34M	USD	Point-in-time
Redeemable Convertible Preferred Stock, beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$90.34M	USD	Point-in-time
Redeemable Convertible Preferred Stock, ending balance (in shares)	`TemporaryEquitySharesOutstanding`	32.48M	shares	Point-in-time
Redeemable Convertible Preferred Stock, ending balance (in shares)	`TemporaryEquitySharesOutstanding`	32.48M	shares	Point-in-time
Redeemable Convertible Preferred Stock, ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$90.34M	USD	Point-in-time
Redeemable Convertible Preferred Stock, ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$90.34M	USD	Point-in-time
Balances, beginning of period (in shares)	`StockholdersEquity`	$27.00K	USD	Point-in-time
Balances, beginning of period (in shares)	`StockholdersEquity`	$280.03M	USD	Point-in-time
Balances, beginning of period (in shares)	`StockholdersEquity`	$57.27M	USD	Point-in-time
Balances, beginning of period (in shares)	`StockholdersEquity`	$208.36M	USD	Point-in-time
Exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	174,453.00	shares	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$462.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.28M	USD	Annual
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$655.00K	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.03M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.54M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$45.70M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$61.67M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$45.70M	USD	1 Quarter
Change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$379.00K	USD	Annual
Change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$379.00K	USD	1 Quarter
Change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$509.00K	USD	1 Quarter
Balances, ending of period (in shares)	`StockholdersEquity`	$27.00K	USD	Point-in-time
Balances, ending of period (in shares)	`StockholdersEquity`	$280.03M	USD	Point-in-time
Balances, ending of period (in shares)	`StockholdersEquity`	$57.27M	USD	Point-in-time
Balances, ending of period (in shares)	`StockholdersEquity`	$208.36M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.