10-Q Filing

MANPOWERGROUP INC. CIK: 871763 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0000871763-13-000017`
Period End Date	20130331
Filing Date	20130503
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	man-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 26 Cash Flow Statement 56 Comprehensive Income 22

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$118.00M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$111.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$553.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$583.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$648.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$580.50M	USD	Point-in-time
Accumulated amortization on intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$213.20M	USD	Point-in-time
Accumulated amortization on intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$221.00M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $111.6 and $118.0, respectively	`AccountsReceivableNetCurrent`	$4.18B	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $111.6 and $118.0, respectively	`AccountsReceivableNetCurrent`	$4.04B	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$180.40M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$172.90M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Future income tax benefits	`DeferredTaxAssetsNetCurrent`	$80.00M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Future income tax benefits	`DeferredTaxAssetsNetCurrent`	$60.60M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.06B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.89B	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Goodwill	`Goodwill`	$1.04B	USD	Point-in-time
Goodwill	`Goodwill`	$1.03B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	125.00M	shares	Point-in-time
Intangible assets, less accumulated amortization of $221.0 and $213.2, respectively	`IntangibleAssetsNetExcludingGoodwill`	$330.60M	USD	Point-in-time
Intangible assets, less accumulated amortization of $221.0 and $213.2, respectively	`IntangibleAssetsNetExcludingGoodwill`	$321.80M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	125.00M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$395.30M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$386.90M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	109.97M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	109.54M	shares	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.77B	USD	Point-in-time
Treasury stock at cost (in shares)	`TreasuryStockShares`	32.90M	shares	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.74B	USD	Point-in-time
Treasury stock at cost (in shares)	`TreasuryStockShares`	32.90M	shares	Point-in-time
Land, buildings, leasehold improvements and equipment	`PropertyPlantAndEquipmentGross`	$690.90M	USD	Point-in-time
Land, buildings, leasehold improvements and equipment	`PropertyPlantAndEquipmentGross`	$704.10M	USD	Point-in-time
Less: accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$513.10M	USD	Point-in-time
Less: accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$519.30M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$184.80M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$177.80M	USD	Point-in-time
Total assets	`Assets`	$7.01B	USD	Point-in-time
Total assets	`Assets`	$6.80B	USD	Point-in-time
Accounts payable	`AccountsPayableAndAccruedTempPayroll`	$1.47B	USD	Point-in-time
Accounts payable	`AccountsPayableAndAccruedTempPayroll`	$1.47B	USD	Point-in-time
Employee compensation payable	`AccruedSalariesCurrentAndAccruedVacationCurrent`	$210.70M	USD	Point-in-time
Employee compensation payable	`AccruedSalariesCurrentAndAccruedVacationCurrent`	$174.20M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$493.90M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$533.80M	USD	Point-in-time
Accrued payroll taxes and insurance	`AccruedPayrollTaxesAndEmployeeBenefitsCurrent`	$597.30M	USD	Point-in-time
Accrued payroll taxes and insurance	`AccruedPayrollTaxesAndEmployeeBenefitsCurrent`	$685.70M	USD	Point-in-time
Value added taxes payable	`SalesAndExciseTaxPayableCurrent`	$437.50M	USD	Point-in-time
Value added taxes payable	`SalesAndExciseTaxPayableCurrent`	$472.50M	USD	Point-in-time
Short-term borrowings and current maturities of long-term debt	`DebtCurrent`	$302.20M	USD	Point-in-time
Short-term borrowings and current maturities of long-term debt	`DebtCurrent`	$308.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.48B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.68B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$462.10M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$448.90M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$372.50M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$378.20M	USD	Point-in-time
Total other liabilities	`LiabilitiesNoncurrent`	$834.60M	USD	Point-in-time
Total other liabilities	`LiabilitiesNoncurrent`	$827.10M	USD	Point-in-time
Preferred stock, $.01 par value, authorized 25,000,000, none issued	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Preferred stock, $.01 par value, authorized 25,000,000, none issued	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Common stock, $.01 par value, authorized 125,000,000 shares, issued 109,965,533 and 109,543,492 shares, repectively	`CommonStockValue`	$1.10M	USD	Point-in-time
Common stock, $.01 par value, authorized 125,000,000 shares, issued 109,965,533 and 109,543,492 shares, repectively	`CommonStockValue`	$1.10M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$2.89B	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$2.87B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.10B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.13B	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$34.40M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.90M	USD	Point-in-time
Treasury stock at cost, 32,901,506 and 32,896,063 shares, respectively	`TreasuryStockValue`	$1.51B	USD	Point-in-time
Treasury stock at cost, 32,901,506 and 32,896,063 shares, respectively	`TreasuryStockValue`	$1.51B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.50B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.50B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$6.80B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$7.01B	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenues from services	`SalesRevenueServicesNet`	$5.10B	USD	1 Quarter
Revenues from services	`SalesRevenueServicesNet`	$4.77B	USD	1 Quarter
Cost of services	`CostOfServices`	$3.98B	USD	1 Quarter
Cost of services	`CostOfServices`	$4.25B	USD	1 Quarter
Gross profit	`GrossProfit`	$790.10M	USD	1 Quarter
Gross profit	`GrossProfit`	$847.40M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$735.70M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$753.60M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$93.80M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$54.40M	USD	1 Quarter
Interest and other expenses	`InterestAndOtherNonoperatingExpenses`	$11.50M	USD	1 Quarter
Interest and other expenses	`InterestAndOtherNonoperatingExpenses`	$11.80M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$82.00M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$42.90M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$19.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$41.80M	USD	1 Quarter
Net earnings	`ProfitLoss`	$40.20M	USD	1 Quarter
Net earnings	`ProfitLoss`	$23.90M	USD	1 Quarter
Net earnings per share - basic (in dollars per share)	`EarningsPerShareBasic`	$0.31	USD	1 Quarter
Net earnings per share - basic (in dollars per share)	`EarningsPerShareBasic`	$0.50	USD	1 Quarter
Net earnings per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.50	USD	1 Quarter
Net earnings per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.31	USD	1 Quarter
Weighted average shares - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	77.10M	shares	1 Quarter
Weighted average shares - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	80.20M	shares	1 Quarter
Weighted average shares - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	78.20M	shares	1 Quarter
Weighted average shares - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	80.90M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$40.20M	USD	1 Quarter
Net earnings	`ProfitLoss`	$23.90M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$24.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$24.30M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-800.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$2.70M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$5.90M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$5.00M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$6.50M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$6.90M	USD	1 Quarter
Excess tax benefit on exercise of share-based awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	1 Quarter
Excess tax benefit on exercise of share-based awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$300.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-20.20M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-34.40M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$16.70M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$17.10M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-114.00M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-128.30M	USD	1 Quarter
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-62.30M	USD	1 Quarter
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-20.70M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$12.80M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$19.70M	USD	1 Quarter
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.50M	USD	1 Quarter
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$100.00K	USD	1 Quarter
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$600.00K	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.20M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.10M	USD	1 Quarter
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$2.20M	USD	1 Quarter
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$9.50M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$100.00K	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$300.00K	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$8.40M	USD	1 Quarter
Proceeds from share-based awards	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$10.20M	USD	1 Quarter
Proceeds from share-based awards	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$3.50M	USD	1 Quarter
Other share-based award transactions	`ProceedsFromPaymentsForOtherShareBasedAwardTransactionsNet`	$1.00M	USD	1 Quarter
Other share-based award transactions	`ProceedsFromPaymentsForOtherShareBasedAwardTransactionsNet`	$-4.50M	USD	1 Quarter
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$200.00K	USD	1 Quarter
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$13.10M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.30M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$14.60M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-64.70M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-27.00M	USD	1 Quarter
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$553.50M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$583.40M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$648.10M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$580.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$553.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$583.40M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$648.10M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$580.50M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$2.60M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$2.80M	USD	1 Quarter
Income taxes (refunded) paid, net	`IncomeTaxesPaidNet`	$-13.30M	USD	1 Quarter
Income taxes (refunded) paid, net	`IncomeTaxesPaidNet`	$17.20M	USD	1 Quarter

Comprehensive Income 22 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$40.20M	USD	1 Quarter
Net earnings	`ProfitLoss`	$23.90M	USD	1 Quarter
Income tax expense (benefit) on translation adjustments on net investment hedge	`TranslationAdjustmentForNetInvestmentHedgeTaxBenefitExpense`	$-7.10M	USD	1 Quarter
Income tax expense (benefit) on translation adjustments on net investment hedge	`TranslationAdjustmentForNetInvestmentHedgeTaxBenefitExpense`	$7.40M	USD	1 Quarter
Income tax expense on unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$400.00K	USD	1 Quarter
Income tax expense on unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$800.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-31.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$39.30M	USD	1 Quarter
Translation adjustments on net investment hedge, less income taxes of $7.4 and $(7.1), respectively	`TranslationAdjustmentForNetInvestmentHedgeNetOfTaxPeriodIncreaseDecrease`	$12.10M	USD	1 Quarter
Income tax expense on amortization of net loss included in net periodic benefit cost	`OtherComprehensiveIncomeLossReclassificationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostTax`	-	USD	1 Quarter
Translation adjustments on net investment hedge, less income taxes of $7.4 and $(7.1), respectively	`TranslationAdjustmentForNetInvestmentHedgeNetOfTaxPeriodIncreaseDecrease`	$-11.70M	USD	1 Quarter
Income tax expense on amortization of net loss included in net periodic benefit cost	`OtherComprehensiveIncomeLossReclassificationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostTax`	$100.00K	USD	1 Quarter
Translation adjustments of long-term intercompany loans	`AdjustmentForLongTermIntercompanyTransactionsNetOfTax`	$9.30M	USD	1 Quarter
Translation adjustments of long-term intercompany loans	`AdjustmentForLongTermIntercompanyTransactionsNetOfTax`	$-23.60M	USD	1 Quarter
Unrealized gain on investments, less income taxes of $0.4 and $0.8, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$2.20M	USD	1 Quarter
Unrealized gain on investments, less income taxes of $0.4 and $0.8, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.20M	USD	1 Quarter
Amortization of net loss included in pension plan net periodic benefit cost, less income taxes of $0.0 and $0.1, respectively	`OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax`	$400.00K	USD	1 Quarter
Amortization of net loss included in pension plan net periodic benefit cost, less income taxes of $0.0 and $0.1, respectively	`OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax`	-	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-41.30M	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$39.50M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-17.40M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$79.70M	USD	1 Quarter

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