10-Q Filing

PERIMETER SOLUTIONS, INC. CIK: 1880319 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001880319-22-000052`
Period End Date	20220331
Filing Date	20220510
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	prm-20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 44 Cash Flow Statement 68 Stockholders Equity 19

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	4.00B	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	4.00B	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	4.00B	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	157.24M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	163.23M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	163.23M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	157.24M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$225.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$153.54M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$33.33M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$24.32M	USD	Point-in-time
Inventories	`InventoryNet`	$110.09M	USD	Point-in-time
Inventories	`InventoryNet`	$117.52M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$17.93M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$816.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.16M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$374.94M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$332.23M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$60.77M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$62.25M	USD	Point-in-time
Goodwill	`Goodwill`	$1.04B	USD	Point-in-time
Goodwill	`Goodwill`	$1.04B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.09B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.10B	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$2.22M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$1.66M	USD	Point-in-time
Total assets	`Assets`	$2.58B	USD	Point-in-time
Total assets	`Assets`	$2.52B	USD	Point-in-time
Accrued purchases	`AccountsPayableCurrent`	$21.26M	USD	Point-in-time
Accrued purchases	`AccountsPayableCurrent`	$27.47M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilitiesCurrent`	$19.02M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilitiesCurrent`	$28.54M	USD	Point-in-time
Founders advisory fees payable - related party	`DueToRelatedPartiesCurrent`	$29.50M	USD	Point-in-time
Founders advisory fees payable - related party	`DueToRelatedPartiesCurrent`	$53.55M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$445.00K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$825.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$80.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$100.49M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$664.13M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$664.41M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$304.97M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$298.63M	USD	Point-in-time
Founders advisory fees payable - related party	`DueToRelatedPartiesNoncurrent`	$312.24M	USD	Point-in-time
Founders advisory fees payable - related party	`DueToRelatedPartiesNoncurrent`	$209.11M	USD	Point-in-time
Redeemable preferred shares	`SharesSubjectToMandatoryRedemptionSettlementTermsAmountNoncurrent`	$97.81M	USD	Point-in-time
Redeemable preferred shares	`SharesSubjectToMandatoryRedemptionSettlementTermsAmountNoncurrent`	$96.87M	USD	Point-in-time
Redeemable preferred shares - related party	`DueToRelatedPartiesFinancialInstrumentsSubjectToMandatoryRedemptionSettlementTermsShareValueAmountNoncurrent`	$3.70M	USD	Point-in-time
Redeemable preferred shares - related party	`DueToRelatedPartiesFinancialInstrumentsSubjectToMandatoryRedemptionSettlementTermsShareValueAmountNoncurrent`	$3.73M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$22.14M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$22.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.50B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.38B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Ordinary shares, $1 nominal value per share, 4,000,000,000 shares authorized; 163,234,542 and 157,237,435 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively	`CommonStockValue`	$157.24M	USD	Point-in-time
Ordinary shares, $1 nominal value per share, 4,000,000,000 shares authorized; 163,234,542 and 157,237,435 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively	`CommonStockValue`	$163.24M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.68B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.67B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.01M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.13M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-699.01M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-736.83M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$291.42M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$271.93M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.14B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.08B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$2.58B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$2.52B	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$57.76M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$33.92M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$24.97M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$44.63M	USD	1 Quarter
Gross profit	`GrossProfit`	$13.13M	USD	1 Quarter
Gross profit	`GrossProfit`	$8.95M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$8.93M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$19.81M	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	$13.25M	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	$13.86M	USD	1 Quarter
Founders advisory fees - related party	`ProfessionalFeesFairValueAdjustment`	-	USD	1 Quarter
Founders advisory fees - related party	`ProfessionalFeesFairValueAdjustment`	$59.85M	USD	1 Quarter
Other operating expense	`OtherCostAndExpenseOperating`	$196.00K	USD	1 Quarter
Other operating expense	`OtherCostAndExpenseOperating`	$312.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-25.99M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$22.49M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-13.54M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$39.12M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$7.85M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$10.50M	USD	1 Quarter
Unrealized foreign currency loss	`ForeignCurrencyTransactionGainLossUnrealized`	$-880.00K	USD	1 Quarter
Unrealized foreign currency loss	`ForeignCurrencyTransactionGainLossUnrealized`	$-2.80M	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-165.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$274.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-10.38M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-11.54M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$27.58M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-23.91M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-10.23M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-5.38M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-18.53M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$37.81M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-966.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$126.00K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-19.50M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$37.94M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.24	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$-0.35	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.35	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.22	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	160.25M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	53.05M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	174.78M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.05M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-18.53M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$37.81M	USD	1 Quarter
Founders advisory fees - related party (change in accounting fair value)	`IncreaseDecreaseInDueToRelatedPartiesChangeInFairValue`	-	USD	1 Quarter
Founders advisory fees - related party (change in accounting fair value)	`IncreaseDecreaseInDueToRelatedPartiesChangeInFairValue`	$-59.85M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$15.15M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$16.37M	USD	1 Quarter
Interest and payment-in-kind on preferred shares	`PaidInKindInterest`	-	USD	1 Quarter
Interest and payment-in-kind on preferred shares	`PaidInKindInterest`	$1.63M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$5.72M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.18M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$6.24M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$395.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$811.00K	USD	1 Quarter
Amortization of acquisition related inventory step-up	`AmortizationOfAcquisitionRelatedInventory`	$9.30M	USD	1 Quarter
Amortization of acquisition related inventory step-up	`AmortizationOfAcquisitionRelatedInventory`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-11.51M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.92M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$16.78M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$10.97M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$16.15M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$7.55M	USD	1 Quarter
Prepaid expenses and current other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.16M	USD	1 Quarter
Prepaid expenses and current other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.70M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-599.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-546.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.45M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.14M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$372.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-22.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherLiabilities`	$7.83M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherLiabilities`	$-5.44M	USD	1 Quarter
Founders advisory fees - related party (cash settled)	`IncreaseDecreaseInDueToRelatedPartiesSettledInCash`	-	USD	1 Quarter
Founders advisory fees - related party (cash settled)	`IncreaseDecreaseInDueToRelatedPartiesSettledInCash`	$-53.55M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$54.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-11.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-182.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-70.90M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.31M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.67M	USD	1 Quarter
Purchase price adjustment under Business Combination Agreement	`PaymentsForPreviousAcquisition`	$1.64M	USD	1 Quarter
Purchase of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$3.61M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.28M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.95M	USD	1 Quarter
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	1 Quarter
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$529.00K	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfSeniorDebt`	-	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfSeniorDebt`	$1.40M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.40M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$529.00K	USD	1 Quarter
Effect of foreign currency on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.31M	USD	1 Quarter
Effect of foreign currency on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.72M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-5.15M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-72.01M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$153.54M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.33M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.48M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$225.55M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$153.54M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.33M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.48M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$225.55M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$7.12M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$145.00K	USD	1 Quarter
Cash received for income taxes	`IncomeTaxesPaid`	$17.00K	USD	1 Quarter
Cash received for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Liability portion of founders advisory fees - related party reclassified to additional paid in capital	`MandatoryRedeemableInstrumentsIssued`	$13.78M	USD	1 Quarter
Liability portion of founders advisory fees - related party reclassified to additional paid in capital	`MandatoryRedeemableInstrumentsIssued`	-	USD	1 Quarter

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	163.23M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	157.24M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$291.42M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$271.93M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.14B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.08B	USD	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.72M	USD	1 Quarter
Ordinary shares issued related to founders advisory fees - related party	`StockGrantedDuringPeriodValueSharebasedCompensation`	$13.78M	USD	1 Quarter
Ordinary shares issued related to warrants exercised	`StockIssuedDuringPeriodValueWarrantsExercised`	$529.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-18.53M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$37.81M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-966.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$126.00K	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	163.23M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	157.24M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$291.42M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$271.93M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.14B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.08B	USD	Point-in-time

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