10-Q Filing

DYNATRACE, INC. CIK: 1773383 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001773383-22-000091`
Period End Date	20220630
Filing Date	20220803
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	dt-20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 40 Cash Flow Statement 56 Stockholders Equity 27 Comprehensive Income 8

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common shares, authorized (in shares)	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Common shares, authorized (in shares)	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Common shares, issued (in shares)	`CommonStockSharesIssued`	287.26M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$462.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$571.35M	USD	Point-in-time
Common shares, issued (in shares)	`CommonStockSharesIssued`	286.05M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$191.84M	USD	Point-in-time
Common shares, outstanding (in shares)	`CommonStockSharesOutstanding`	287.26M	shares	Point-in-time
Common shares, outstanding (in shares)	`CommonStockSharesOutstanding`	286.05M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$350.67M	USD	Point-in-time
Deferred commissions, current	`CapitalizedContractCostNetCurrent`	$62.60M	USD	Point-in-time
Deferred commissions, current	`CapitalizedContractCostNetCurrent`	$61.18M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$35.44M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$72.19M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$859.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$948.42M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$45.27M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$45.78M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$58.85M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$53.37M	USD	Point-in-time
Goodwill	`Goodwill`	$1.28B	USD	Point-in-time
Goodwill	`Goodwill`	$1.28B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$105.74M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$95.01M	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$28.11M	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$26.37M	USD	Point-in-time
Deferred commissions, non-current	`CapitalizedContractCostNetNoncurrent`	$63.44M	USD	Point-in-time
Deferred commissions, non-current	`CapitalizedContractCostNetNoncurrent`	$59.24M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$9.62M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$10.56M	USD	Point-in-time
Total assets	`Assets`	$2.54B	USD	Point-in-time
Total assets	`Assets`	$2.43B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.79M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$22.71M	USD	Point-in-time
Accrued expenses, current	`AccruedLiabilitiesCurrent`	$114.21M	USD	Point-in-time
Accrued expenses, current	`AccruedLiabilitiesCurrent`	$141.56M	USD	Point-in-time
Deferred revenue, current	`ContractWithCustomerLiabilityCurrent`	$688.55M	USD	Point-in-time
Deferred revenue, current	`ContractWithCustomerLiabilityCurrent`	$617.97M	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$12.77M	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$12.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$749.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$865.60M	USD	Point-in-time
Deferred revenue, non-current	`ContractWithCustomerLiabilityNoncurrent`	$16.35M	USD	Point-in-time
Deferred revenue, non-current	`ContractWithCustomerLiabilityNoncurrent`	$25.78M	USD	Point-in-time
Accrued expenses, non-current	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$28.18M	USD	Point-in-time
Accrued expenses, non-current	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$19.41M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$52.07M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$46.68M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	-	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$85.00K	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$244.43M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$273.92M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.09B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.24B	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common shares, $0.001 par value, 600,000,000 shares authorized, 287,259,306 and 286,053,276 shares issued and outstanding at June 30, 2022 and March 31, 2022, respectively	`CommonStockValueOutstanding`	$287.00K	USD	Point-in-time
Common shares, $0.001 par value, 600,000,000 shares authorized, 287,259,306 and 286,053,276 shares issued and outstanding at June 30, 2022 and March 31, 2022, respectively	`CommonStockValueOutstanding`	$286.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.79B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.83B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-461.35M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-459.23M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-26.21M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-26.69M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.30B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.16B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.11B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.35B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.54B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.43B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$209.74M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$267.27M	USD	1 Quarter
Amortization of acquired technology	`CostOfGoodsAndServicesSoldAmortization`	$3.89M	USD	1 Quarter
Amortization of acquired technology	`CostOfGoodsAndServicesSoldAmortization`	$3.83M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$38.83M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$51.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$215.47M	USD	1 Quarter
Gross profit	`GrossProfit`	$170.91M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$34.73M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$48.48M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$80.48M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$105.02M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$36.32M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$26.92M	USD	1 Quarter
Amortization of other intangibles	`AmortizationOfOtherIntangibleAssets`	$6.57M	USD	1 Quarter
Amortization of other intangibles	`AmortizationOfOtherIntangibleAssets`	$7.54M	USD	1 Quarter
Restructuring and other	`RestructuringSettlementAndImpairmentProvisions`	$-10.00K	USD	1 Quarter
Restructuring and other	`RestructuringSettlementAndImpairmentProvisions`	$26.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$149.69M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$196.38M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$19.09M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$21.21M	USD	1 Quarter
Interest expense, net	`InterestAndDebtExpense`	$2.17M	USD	1 Quarter
Interest expense, net	`InterestAndDebtExpense`	$2.86M	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$1.31M	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-2.25M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$14.67M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$19.67M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$12.55M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$6.37M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.11M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.29M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	286.20M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	282.66M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	290.02M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	288.99M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.11M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.29M	USD	1 Quarter
Depreciation	`Depreciation`	$2.80M	USD	1 Quarter
Depreciation	`Depreciation`	$2.48M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$11.51M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$10.57M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$28.70M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$19.25M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-2.75M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$796.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-151.40M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-110.08M	USD	1 Quarter
Deferred commissions	`IncreaseDecreaseInContractWithCustomerAsset`	$-2.08M	USD	1 Quarter
Deferred commissions	`IncreaseDecreaseInContractWithCustomerAsset`	$2.63M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.45M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-33.10M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-27.38M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-29.82M	USD	1 Quarter
Operating leases, net	`IncreaseDecreaseInOperatingLeaseLiability`	$131.00K	USD	1 Quarter
Operating leases, net	`IncreaseDecreaseInOperatingLeaseLiability`	$-142.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-60.45M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-41.02M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$143.10M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$83.47M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.91M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.95M	USD	1 Quarter
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$3.54M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.91M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.50M	USD	1 Quarter
Repayment of term loans	`RepaymentsOfLongTermDebt`	$30.00M	USD	1 Quarter
Repayment of term loans	`RepaymentsOfLongTermDebt`	$30.00M	USD	1 Quarter
Proceeds from employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$6.59M	USD	1 Quarter
Proceeds from employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$8.63M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$7.89M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.27M	USD	1 Quarter
Equity repurchases	`PaymentsForRepurchaseOfEquity`	$14.00K	USD	1 Quarter
Equity repurchases	`PaymentsForRepurchaseOfEquity`	$11.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-20.11M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.54M	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$816.00K	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-7.71M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$62.26M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$108.38M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$571.35M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$387.22M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$462.97M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$324.96M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$571.35M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$387.22M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$462.97M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$324.96M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$2.37M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$2.07M	USD	1 Quarter
Cash (received from) paid for tax, net	`IncomeTaxesPaidNet`	$7.31M	USD	1 Quarter
Cash (received from) paid for tax, net	`IncomeTaxesPaidNet`	$-31.54M	USD	1 Quarter

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	287.26M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	286.05M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$1.30B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.16B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.11B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.35B	USD	Point-in-time
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.66M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$480.00K	USD	1 Quarter
Restricted stock units vested	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Restricted stock units vested	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Issuance of common stock related to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$8.63M	USD	1 Quarter
Issuance of common stock related to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$6.59M	USD	1 Quarter
Exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	68,000.00	shares	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$7.89M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.27M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$28.70M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$19.25M	USD	1 Quarter
Equity repurchases	`StockRepurchasedAndRetiredDuringPeriodValue`	$11.00K	USD	1 Quarter
Equity repurchases	`StockRepurchasedAndRetiredDuringPeriodValue`	$14.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.11M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.29M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	287.26M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	286.05M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$1.30B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.16B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.11B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.35B	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.11M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.29M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.66M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$480.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$480.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.66M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.59M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$11.64M	USD	1 Quarter

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