table
listlengths 4
29
| paragraphs
listlengths 2
29
| questions
listlengths 6
10
| answers
listlengths 6
10
|
|---|---|---|---|
[
[
"",
"Shares",
"Weighted-Average Grant-Date Fair Value"
],
[
"Nonvested at fiscal year end 2018",
"1,631,470",
"$ 75.39"
],
[
"Granted",
"692,899",
"77.77"
],
[
"Vested",
"(689,040)",
"70.31"
],
[
"Forfeited",
"(232,910)",
"78.80"
],
[
"Nonvested at fiscal year end 2019",
"1,402,419",
"$ 78.36"
]
] |
[
"Restricted Share Awards",
"Restricted share awards, which are generally in the form of restricted share units, are granted subject to certain restrictions. Conditions of vesting are determined at the time of grant. All restrictions on an award will lapse upon death or disability of the employee. If the employee satisfies retirement requirements, a portion of the award may vest, depending on the terms and conditions of the particular grant. Recipients of restricted share units have no voting rights, but do receive dividend equivalents. For grants that vest through passage of time, the fair value of the award at the time of the grant is amortized to expense over the period of vesting. The fair value of restricted share awards is determined based on the closing value of our shares on the grant date. Restricted share awards generally vest in increments over a period of four years as determined by the management development and compensation committee.",
"Restricted share award activity was as follows:",
"The weighted-average grant-date fair value of restricted share awards granted during fiscal 2019, 2018, and 2017 was $77.77, $93.45, and $67.72, respectively.",
"The total fair value of restricted share awards that vested during fiscal 2019, 2018, and 2017 was $48 million, $50 million, and $50 million, respectively.",
"As of fiscal year end 2019, there was $64 million of unrecognized compensation expense related to nonvested restricted share awards, which is expected to be recognized over a weighted-average period of 1.7 years."
] |
[
"What was the total fair value of restricted share awards that vested?",
"2019",
"How about the weighted-average grant-date fair value of restricted share awards granted?",
"In which year was its amount the largest?",
"What was the change in the Weighted-Average Grant-Date Fair Value for nonvested shares in 2019 from 2018?",
"What was it in percentage?",
"What were the components of restricted share award activity under Nonvested at fiscal year end 2018 in the table?"
] |
[
[
"Which year are you asking about?"
],
[
"$48 million"
],
[
"$77.77"
],
[
"2018"
],
[
"2.97"
],
[
"3.94"
],
[
"Granted",
"Vested",
"Forfeited"
]
] |
[
[
"($ in millions)",
"",
"",
"",
""
],
[
"At December 31, 2019:",
"Investment in Sales-Type and Direct Financing Leases",
"Commercial Financing Receivables",
"Client Loan and Installment Payment Receivables/ (Loans)",
"Total"
],
[
"Financing receivables, gross",
"$6,077",
"$3,836",
"$13,592",
"$23,504"
],
[
"Unearned income",
"(509)",
"(4)",
"(570)",
"(1,083)"
],
[
"Recorded investment",
"$5,567",
"$3,831",
"$13,022",
"$22,421"
],
[
"Allowance for credit losses",
"(72)",
"(11)",
"(138)",
"(221)"
],
[
"Unguaranteed residual value",
"652",
"—",
"—",
"652"
],
[
"Guaranteed residual value",
"53",
"—",
"—",
"53"
],
[
"Total financing receivables, net",
"$6,199",
"$3,820",
"$12,884",
"$22,904"
],
[
"Current portion",
"$2,334",
"$3,820",
"$ 8,037",
"$14,192"
],
[
"Noncurrent portion",
"$3,865",
"$ —",
"$ 4,847",
"$ 8,712"
]
] |
[
"Financing receivables primarily consist of client loan and installment payment receivables (loans), investment in sales-type and direct financing leases, and commercial financing receivables. Client loan and installment payment receivables (loans) are provided primarily to clients to finance the purchase of hardware, software and services.",
"Payment terms on these financing arrangements are generally for terms up to seven years. Client loans and installment payment financing contracts are priced independently at competitive market rates. Investment in sales-type and direct financing leases relates principally to the company’s Systems products and are for terms ranging generally from two to six years.",
"Commercial financing receivables relate primarily to inventory and accounts receivable financing for dealers and remarketers of IBM and OEM products. Payment terms for inventory and accounts receivable financing generally range from 30 to 90 days."
] |
[
"What is the purpose of Client loan and installment payment receivables (loans)?",
"What is the payment term for financing arrangements",
"How about that for inventory and accounts receivable financing?",
"What is the average of financing receivables?",
"Total financing receivables, net.",
"How about Unearned income?",
"And Recorded investment?"
] |
[
[
"Client loan and installment payment receivables (loans) are provided primarily to clients to finance the purchase of hardware, software and services."
],
[
"Payment terms on these financing arrangements are generally for terms up to seven years. Client loans and installment payment financing contracts are priced independently at competitive market rates"
],
[
"Payment terms for inventory and accounts receivable financing generally range from 30 to 90 days."
],
[
"What kind of financing receivables are you asking about?"
],
[
"7634.33"
],
[
"361"
],
[
"7473.33"
]
] |
[
[
"",
"As of December 31, 2019",
""
],
[
"",
"Carrying Amount",
"Fair Amount"
],
[
"",
"(in NT$ millions)",
""
],
[
"Time Deposits: Non-Trading Purpose",
"62,320",
"62,320"
],
[
"Short-term Loans: Non-Trading Purpose",
"12,015",
"12,015"
],
[
"Bonds: Non-Trading Purpose",
"38,781",
"39,572"
],
[
"Long-term Loans: Non-Trading Purpose",
"33,902",
"33,902"
]
] |
[
"QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK",
"Market risk is the risk of loss related to adverse changes in market prices, including interest rates and foreign exchange rates, of financial instruments. We are exposed to various types of market risks, including changes in interest rates and foreign currency exchange rates, in the normal course of business.",
"We use financial instruments, including variable rate debt and swaps and foreign exchange spot transactions, to manage risks associated with our interest rate and foreign currency exposures through a controlled program of risk management in accordance with established policies. These policies are reviewed and approved by our board of directors and stockholders’ meeting. Our treasury operations are subject to internal audit on a regular basis. We do not hold or issue derivative financial instruments for speculatively purposes.",
"Since export sales are primarily conducted in U.S. dollars, we had U.S. dollar-denominated accounts receivable of US$626 million as of December 31, 2019. As of the same date, we also had Japanese Yen-denominated accounts receivable of ¥14,266 million attributable to our Japanese operations and Renminbi-denominated accounts receivable of RMB¥710 million attributable to our China operations. We had U.S. dollar-, Japanese Yen- and Renminbi-denominated accounts payables of US$128 million, ¥7,193 million and RMB¥262 million, respectively, as of December 31, 2019.",
"Our primary market risk exposures relate to interest rate movements on borrowings and exchange rate movements on foreign currency denominated accounts receivable, capital expenditures relating to equipment used in manufacturing processes (including lithography, etching and chemical vapor deposition) and purchased primarily from Europe, Japan and the United States.",
"The following table provides information as of December 31, 2019 on our market risk sensitive financial instruments."
] |
[
"What is market risk?",
"What were the accounts receivables in 2019?",
"U.S. dollar-denominated accounts receivable.",
"What were the Time Deposits: Non-Trading Purpose amount?",
"Carrying amount.",
"What is its difference between Carrying Amount and Fair Amount?",
"How about that in Bonds: Non-Trading Purpose?",
"What is the percentage increase / (decrease) of the Long-term Loans: Non-Trading Purpose Carrying Amount versus the Fair Amount?"
] |
[
[
"Market risk is the risk of loss related to adverse changes in market prices, including interest rates and foreign exchange rates, of financial instruments."
],
[
"What kind of accounts receivables are you asking about?"
],
[
"US$626 million"
],
[
"What kind of amount are you asking about?"
],
[
"62,320"
],
[
"0"
],
[
"-791"
],
[
"0"
]
] |
[
[
"",
"",
"Year Ended December 31,",
""
],
[
"(In millions)",
"2019",
"2018",
"2017"
],
[
"Net Sales",
"",
"",
""
],
[
"Food Care",
"$ 2,880.5",
"$ 2,908.1",
"$ 2,815.2"
],
[
"As a % of Total Company net sales",
"60.1%",
"61.4%",
"63.1%"
],
[
"Product Care",
"1,910.6",
"1,824.6",
"1,646.4"
],
[
"As a % of Total Company net sales",
"39.9%",
"38.6%",
"36.9%"
],
[
"Total Company Net Sales",
"$ 4,791.1",
"$ 4,732.7",
"$ 4,461.6"
],
[
"",
"",
"",
""
],
[
"",
"",
"Year Ended December 31,",
""
],
[
"(In millions)",
"2019",
"2018",
"2017"
],
[
"Adjusted EBITDA from continuing operations",
"",
"",
""
],
[
"Food Care",
"$ 629.3",
"$ 577.8",
"$ 538.1"
],
[
"Adjusted EBITDA Margin",
"21.8%",
"19.9%",
"19.1%"
],
[
"Product Care",
"349.9",
"318.6",
"292.2"
],
[
"Adjusted EBITDA Margin",
"18.3%",
"17.5%",
"17.7%"
],
[
"Corporate",
"(14.4)",
"(6.9)",
"3.0"
],
[
"Total Company Adjusted EBITDA from continuing operations",
"$ 964.8",
"$ 889.5",
"$ 833.3"
],
[
"Adjusted EBITDA Margin",
"20.1%",
"18.8%",
"18.7%"
]
] |
[
"Note 6 Segments",
"The Company’s segment reporting structure consists of two reportable segments and a Corporate category as follows: • Food Care; and • Product Care.",
"The Company’s Food Care and Product Care segments are considered reportable segments under FASB ASC Topic 280. Our reportable segments are aligned with similar groups of products. Corporate includes certain costs that are not allocated to or monitored by the reportable segments' management. The Company evaluates performance of the reportable segments based on the results of each segment. The performance metric used by the Company's chief operating decision maker to evaluate performance of our reportable segments is Adjusted EBITDA. The Company allocates expense to each segment based on various factors including direct usage of resources, allocation of headcount, allocation of software licenses or, in cases where costs are not clearly delineated, costs may be allocated on portion of either net trade sales or an expense factor such as cost of goods sold.",
"We allocate and disclose depreciation and amortization expense to our segments, although depreciation and amortization are not included in the segment performance metric Adjusted EBITDA. We also allocate and disclose restructuring charges and impairment of goodwill and other intangible assets by segment. However, restructuring charges and goodwill are not included in the segment performance metric Adjusted EBITDA since they are categorized as certain specified items (“Special Items”), in addition to certain transaction and other charges and gains related to acquisitions and divestitures and certain other specific items excluded from the calculation of Adjusted EBITDA. The accounting policies of the reportable segments and Corporate are the same as those applied to the Consolidated Financial Statements.",
"The following tables show Net Sales and Adjusted EBITDA by reportable segment:"
] |
[
"What do the tables show?",
"What is the Adjusted EBITDA Margin for year 2019?",
"for the whole company.",
"What is its average for 2017-2019?",
"What is the difference between the growth rate of net sales of Food care as compared to product care from 2017 to 2019?",
"What is the percentage change of Total Company Net Sales from year 2018 to year 2019?",
"What are the two reportable segments of the company?",
"What are the respective net sales for two reportable segments of the company in 2019?"
] |
[
[
"The following tables show Net Sales and Adjusted EBITDA by reportable segment"
],
[
"Which segment are you asking about?"
],
[
"20.1%"
],
[
"19.2"
],
[
"-13.73"
],
[
"1.23"
],
[
"Food Care",
"Product Care"
],
[
"2,880.5",
"1,910.6"
]
] |
[
[
"",
"Balance at Beginning of Year",
"Additions Charged to Costs and Expenses",
"Deductions (1)",
"Balance at End of Year"
],
[
"Allowance for doubtful accounts:",
"",
"",
"",
""
],
[
"Fiscal 2019",
"$2.2",
"$—",
"$(0.2)",
"$2.0"
],
[
"Fiscal 2018",
"$2.1",
"$0.2",
"$(0.1)",
"$2.2"
],
[
"Fiscal 2017",
"$2.5",
"$0.2",
"$(0.6)",
"$2.1"
]
] |
[
"A summary of additions and deductions related to the allowance for doubtful accounts for the years ended March 31, 2019, 2018 and 2017 follows (amounts in millions):",
"(1) Deductions represent uncollectible accounts written off, net of recoveries."
] |
[
"What do deductions represent?",
"What were the deductions in 2018?",
"WHat was its percentage change between 2018 and 2019?",
"Which years does the table provide information for the additions and deductions related to the allowance for doubtful accounts?",
"What was the change in the Balance between 2017 and 2018?",
"The Balance at Beginning of Year.",
"How many years did the balance at end of the year exceed $2 million?"
] |
[
[
"uncollectible accounts written off, net of recoveries"
],
[
"(0.1)"
],
[
"100"
],
[
"2019",
"2018",
"2017"
],
[
"What kind of Balance are you asking about?"
],
[
"-0.4"
],
[
"3"
]
] |
[
[
"",
"",
"",
"December 31,",
""
],
[
"",
"",
"2019",
"",
"2018"
],
[
"",
"",
"WAvg",
"",
"WAvg"
],
[
"",
"",
"Exercise",
"",
"Exercise"
],
[
"",
"Number",
"Price",
"Number",
"Price"
],
[
"Outstanding, Jan. 1",
"1,842",
"$0.59",
"1,842",
"$0.59"
],
[
"Issued",
"10,000",
"0.01",
"-",
"-"
],
[
"Exercised",
"-",
"-",
"-",
"-"
],
[
"Expired",
"-",
"-",
"-",
"-"
],
[
"Modification",
"-",
"-",
"-",
"-"
],
[
"Outstanding, Dec. 31",
"11,842",
"0.10",
"1,842",
"$0.59"
]
] |
[
"NOTE 10 – COMMON STOCK PURCHASE WARRANTS",
"Our warrant activity during the years ended December 31, 2019 and 2018 is shown below (in thousands except price data):",
"In connection with the issuance of the $10.0 million secured promissory notes in December 2013, we issued common stock purchase warrants (“warrants”) exercisable for 60 thousand shares of our common stock having an exercise price of $2.52 per share (after giving effect to our one-for-five reverse stock split) with an expiration date in December 2020. These warrants contain a cashless exercise feature (See Note 7).",
"As part of our July 2017 private placement transaction with Mr. Schutte, we issued warrants to purchase 1,782,531 shares of our common stock. The warrants are immediately exercisable at a price of $0.528 per share and expire five years after issuance (See Note 8). We have assigned a relative fair value of $495 thousand to the warrants out of the total $4.0 million proceeds from the private placement transaction and have accounted for these warrants as equity.",
"On June 28, 2019 as part of the changes made to the loan agreements we had with Mr. Schutte, each having an original due date of January 2, 2020, we issued to him a warrant to purchase 10.0 million shares of our common stock exercisable at a price of $0.01 per share and expire five years after issuance. We obtained a valuation of fair value on the warrant and $1.145 million was allocated to the warrant and accounted for as equity. (see Note 7 and Note 8). The warrant was assigned and transferred by Mr. Schutte to AD Pharma on June 28, 2019."
] |
[
"How many common shares were purchased in July 2017?",
"What was the expiration date of the 10 million secured promissory notes issued in December 2013? ",
"What was the exercise price of that 10 million common stock for Mr. Schutte in 2019",
"What is the difference between the price of outstanding common stock purchase warrants in 2018 and 2019? ",
"The ending outstanding.",
"How much was its percentage decrease from 2018 to 2019?",
"What is the percentage increase in ending outstanding common stock purchase warrants in that period?"
] |
[
[
"As part of our July 2017 private placement transaction with Mr. Schutte, we issued warrants to purchase 1,782,531 shares of our common stock."
],
[
"In connection with the issuance of the $10.0 million secured promissory notes in December 2013, we issued common stock purchase warrants (“warrants”) exercisable for 60 thousand shares of our common stock having an exercise price of $2.52 per share (after giving effect to our one-for-five reverse stock split) with an expiration date in December 2020."
],
[
"On June 28, 2019 as part of the changes made to the loan agreements we had with Mr. Schutte, each having an original due date of January 2, 2020, we issued to him a warrant to purchase 10.0 million shares of our common stock exercisable at a price of $0.01 per share and expire five years after issuance."
],
[
"What kind of outstanding are you asking about?"
],
[
"0.49"
],
[
"83.05"
],
[
"542.89"
]
] |
[
[
"",
"",
"Year Ended December 31,",
""
],
[
"(In thousands)",
"2019",
"2018",
"2017"
],
[
"Asset impairment charges",
"$ 10,837",
"$ 58,166",
"$ 0"
],
[
"Goodwill impairment charge",
"$ 25,700",
"$ 13,466",
"$ 0"
],
[
"Impairment of long-term investments",
"$ 651",
"$ 15,487",
"$ 165,290"
]
] |
[
"8. Asset Impairment Charges",
"Asset impairment charges incurred during the year ended December 31, 2019 were primarily the result of impairing the remaining NantHealth acquired customer relationship intangible balance of $8.1 million. We also recognized non-cash impairment charges of $2.7 million on the retirement of certain hosting assets due to data center migrations.",
"Impairment of long-term investments during the year ended December 31, 2019 consisted of an impairment of $1.7 million associated with one of our long-term equity investments. We also recovered $1.0 million from one of our long-term equity investments investment that we had previously impaired. We also recorded a goodwill impairment charge of $25.7 million related to our HHS reporting unit. Refer to Note 7, “Goodwill and Intangible Assets” for further information regarding this impairment.",
"We incurred several non-cash asset impairment charges during the year ended December 31, 2018. We recorded non-cash asset impairment charges of $33.2 million related to the write-off of capitalized software as a result of our decision to discontinue several software development projects.",
"We also recorded $22.9 million of non-cash asset impairment charges related to our acquisition of the patient/provider engagement solutions business from NantHealth in 2017, which included the write-downs of $2.2 million of acquired technology and $20.7 million, representing the unamortized value assigned to the modification of our existing commercial agreement with NantHealth, as we no longer expect to recover the value assigned to these assets.",
"The remaining $2.1 million of non-cash asset impairment charges recorded during the year ended December 31, 2018 relate to the disposal of fixed assets as a result of relocating and consolidating business functions and locations from recent acquisitions.",
"We recorded a goodwill impairment charge of $13.5 million related to NantHealth during the year ended December 31, 2018. Refer to Note 7, “Goodwill and Intangible Assets” for further information regarding this impairment. We recognized non-cash impairment charges of $15.5 million in 2018 related to two of our cost-method equity investments and a related note receivable. These charges equaled the cost bases of the investments and the related note receivable prior to the impairment.",
"We recorded non-cash charges of $165.3 million during the year ended December 31, 2017, including impairment charges of $144.6 million associated with two of the Company’s long-term investments based on management’s assessment of the likelihood of near-term recovery of the investments’ value.",
"The majority of the impairment charges related to our investment in NantHealth common stock. We realized an additional $20.7 million loss upon the final disposition of the NantHealth common stock in connection with our acquisition of certain assets related to NantHealth’s provider/patient engagement solutions business. Refer to Note 4, “Business Combinations and Other Investments” and Note 14, “Accumulated Other Comprehensive Loss,” for further information regarding these impairments.",
"The following table summarizes the non-cash asset impairment charges recorded during the periods indicated and where they appear in the corresponding consolidated statements of operations:"
] |
[
"What was the non-cash impairment charge in 2019?",
"What caused the asset impairment charges in that year?",
"What was its change from 2018 to 2019?",
"What is the impairment charge in 2019?",
"Goodwill impairment charge.",
"What is its average amount for 2017-2019?",
"What is the change in the Impairment of long-term investments between 2017 and 2018?"
] |
[
[
"2.7 million"
],
[
"primarily the result of impairing the remaining NantHealth acquired customer relationship intangible balance of $8.1 million."
],
[
"-47329"
],
[
"What kind of impairment charge are you asking about?"
],
[
"$ 25,700"
],
[
"13055.33"
],
[
"-149803"
]
] |
[
[
"€ million",
"2017/2018",
"2018/2019"
],
[
"Gains from the disposal of fixed assets and gains from the reversal of impairment losses",
"145",
"360"
],
[
"Income from logistics services",
"285",
"257"
],
[
"Services",
"251",
"250"
],
[
"Rents incl. reimbursements of subsidiary rental costs",
"268",
"236"
],
[
"Services rendered to suppliers",
"111",
"103"
],
[
"Miscellaneous",
"211",
"198"
],
[
"",
"1,271",
"1,405"
]
] |
[
"2. Other operating income",
"Gains from the disposal of fixed assets and gains from the reversal of impairment losses includes €354 million of income from the disposal of real estates (2017/18: €137 million) and €5 million of income from reversal of impairment losses (2017/18: €4 million). Project developments and sale-and-leaseback transactions contributed to the real estate transactions.",
"The income from logistics services provided by METRO LOGISTICS to companies intended for disposal and non-group companies is offset by expenses from logistics services, which are reported under other operating expenses.",
"The other operating income includes cost allocations and cost shares as well as a great number of insignificant individual items.",
"Disclosures on companies intended for sale can be found under no. 43 – discontinued business sectors page 266 ."
] |
[
"What does the other operating income include?",
"What is offset by expenses from logistic services?",
"In which year was the amount of Services larger?",
"What are the components of Gains from the disposal of fixed assets and gains from the reversal of impairment losses?",
"What was the change in Miscellaneous in 2018/2019 from 2017/2018?",
"What was it in percentage?"
] |
[
[
"cost allocations and cost shares as well as a great number of insignificant individual items."
],
[
"The income from logistics services provided by METRO LOGISTICS to companies intended for disposal and non-group companies"
],
[
"2017/2018"
],
[
"income from the disposal of real estates",
"income from reversal of impairment losses"
],
[
"-13"
],
[
"-6.16"
]
] |
[
[
"($ in millions)",
"",
"",
""
],
[
"Reporting Segment",
"Fiscal 2018 Operating Profit",
"Fiscal 2017 Operating Profit",
"% Inc (Dec)"
],
[
"Grocery & Snacks",
"$724.8",
"$655.4",
"11%"
],
[
"Refrigerated & Frozen",
"479.4",
"445.8",
"8%"
],
[
"International",
"86.5",
"(168.9)",
"N/A"
],
[
"Foodservice",
"121.8",
"105.1",
"16%"
],
[
"Commercial",
"-",
"202.6",
"(100)%"
]
] |
[
"Segment Operating Profit (Earnings before general corporate expenses, pension and postretirement non-service income, interest expense, net, income taxes, and equity method investment earnings)",
"Grocery & Snacks operating profit for fiscal 2018 was $724.8 million, an increase of $69.4 million, or 11%, compared to fiscal 2017. Gross profits were $21.9 million lower in fiscal 2018 than in fiscal 2017. The lower gross profit was driven by investments with retailers (i.e., trade spending reflected as a reduction of net sales), as well as higher input costs and transportation expenses, partially offset by supply chain realized productivity. The Frontera acquisition, Thanasi acquisition, and the acquisition of Angie's Artisan Treats, LLC, which occurred in September 2016, April 2017, and October 2017, respectively, contributed $47.4 million to Grocery & Snacks gross profit during fiscal 2018 through the one-year anniversaries of the acquisitions (if reached). Advertising and promotion expenses for fiscal 2018 decreased by $19.5 million compared to fiscal 2017. Operating profit of the Grocery & Snacks segment was impacted by charges totaling $4.0 million in fiscal 2018 for the impairment of our HK Anderson® , Red Fork® , and Salpica® brand assets and $68.3 million in fiscal 2017 primarily for the impairment of our Chef Boyardee® brand asset. Grocery & Snacks also incurred $11.4 million of expenses in fiscal 2018 related to acquisitions and divestitures, charges of $31.4 million in fiscal 2017 related to the pending divestiture of the Wesson® oil business, and charges of $14.1 million and $23.6 million in connection with our restructuring plans in fiscal 2018 and 2017, respectively.",
"Refrigerated & Frozen operating profit for fiscal 2018 was $479.4 million, an increase of $33.6 million, or 8%, compared to fiscal 2017. Gross profits were $3.6 million lower in fiscal 2018 than in fiscal 2017, driven by continuing increases in input costs and transportation inflation as well as investments to drive distribution, enhanced shelf presence, and trial, partially offset by increased sales volumes and supply chain realized productivity. The acquisition of the Sandwich Bros. of Wisconsin® business contributed $4.6 million to gross profit in the segment during fiscal 2018. Advertising and promotion expenses for fiscal 2018 decreased by $23.4 million compared to fiscal 2017. Operating profit of the Refrigerated & Frozen segment was impacted by charges totaling approximately $7.7 million in fiscal 2017 related to a product recall, as well as charges of $0.1 million and $6.2 million in connection with our restructuring plans in fiscal 2018 and 2017, respectively.",
"International operating profit for fiscal 2018 was $86.5 million, compared to an operating loss of $168.9 million for fiscal 2017. The operating loss in fiscal 2017 includes charges totaling $235.9 million for the impairment of goodwill and an intangible brand asset in our Canadian and Mexican operations. Gross profits were $18.6 million higher in fiscal 2018 than in fiscal 2017, as a result of improved price/mix, the favorable impact of foreign exchange, and the planned discontinuations of certain 33 lower-performing products. Operating profit of the International segment was impacted by charges of $1.5 million and $0.9 million in connection with our restructuring plans, in fiscal 2018 and 2017, respectively",
"Foodservice operating profit for fiscal 2018 was $121.8 million, an increase of $16.7 million, or 16%, compared to fiscal 2017. Gross profits were $13.9 million higher in fiscal 2018 than in fiscal 2017, primarily reflecting the impact of inflation-driven increases in pricing and supply chain realized productivity, partially offset by lower sales volumes and increased input costs. Operating profit of the Foodservice segment was impacted by charges of $1.8 million in fiscal 2017 in connection with our restructuring plans.",
"Commercial operating profit was $202.6 million in fiscal 2017. The Company sold the Spicetec and JM Swank businesses in the first quarter of fiscal 2017, recognizing pre-tax gains totaling $197.4 million. The Spicetec and JM Swank businesses comprise the entire Commercial segment following the presentation of Lamb Weston as discontinued operations. There are no further operations in the Commercial segment."
] |
[
"How much expense was incurred in the company’s restructuring plans in fiscal 2017 and 2018, respectively?",
"Refrigerated & Frozen.",
"How about Grocery & Snacks related to acquisitions and divestitures in the fiscal year 2018?",
" What is the ratio of Grocery & Snacks’ operating profit to its expense in restructuring plans for that year?",
"What was the operating profit in 2017 and 2018, respectively?",
"in the Foodservice segment.",
"What is the total operating profit of all segments in 2018?",
"What is its percentage change compared to 2017?"
] |
[
[
"Which segment are you asking about?"
],
[
"$6.2 million",
"$0.1 million"
],
[
"$11.4 million"
],
[
"51.4"
],
[
"Which segment are you asking about?"
],
[
"105.1",
"121.8"
],
[
"1412.5"
],
[
"13.91"
]
] |
[
[
"",
"",
"September 30,"
],
[
"",
"2019",
"2018"
],
[
"Land and land improvements",
"$ 7,348",
"$ 13,132"
],
[
"Buildings and improvements",
"48,191",
"57,959"
],
[
"Machinery and other equipment",
"107,297",
"81,727"
],
[
"Software",
"108,526",
"84,631"
],
[
"Leasehold improvements",
"17,064",
"11,991"
],
[
"Construction and internal-use software development in progress",
"16,814",
"12,888"
],
[
"Accumulated depreciation and amortization",
"(160,271)",
"(144,782)"
],
[
"",
"$ 144,969",
"$ 117,546"
]
] |
[
"NOTE 9—PROPERTY, PLANT AND EQUIPMENT",
"Significant components of property, plant and equipment are as follows (in thousands):",
"In fiscal 2019, we entered into agreements related to the construction and leasing of two buildings on our existing corporate campus in San Diego, California. Under these agreements, a financial institution will own the buildings, and we will lease the property for a term of five years upon their completion.",
"In the third quarter of fiscal 2019 we sold the land and buildings comprising our separate CTS campus in San Diego. We have entered into a lease with the buyer of this campus and CTS employees will continue to occupy this separate campus until the new buildings on our corporate campus are ready for occupancy in fiscal 2021. In the third quarter of fiscal 2019 we also sold land and buildings in Orlando, Florida and we are entering a lease for new space in Orlando to accommodate our employees and operations in Orlando. In connection with the sale of these real estate campuses we received total net proceeds of $44.9 million and recognized net gains on the sales totaling $32.5 million.",
"As a part of our efforts to upgrade our current information systems, early in fiscal 2015 we purchased new enterprise resource planning (ERP) software and began the process of designing and configuring this software and other software applications to manage our operations.",
"Costs incurred in the development of internal-use software and software applications, including external direct costs of materials and services and applicable compensation costs of employees devoted to specific software development, are capitalized as computer software costs. Costs incurred outside of the application development stage, or that are types of costs that do not meet the capitalization requirements, are expensed as incurred. Amounts capitalized are included in property, plant and equipment and are amortized on a straight-line basis over the estimated useful life of the software, which ranges from three to seven years. No amortization expense is recorded until the software is ready for its intended use.",
"Through September 30, 2019 we have incurred costs of $138.9 million related to the purchase and development of our ERP system, including $3.1 million, $22.5 million, and $40.6 million of costs incurred during fiscal years 2019, 2018 and 2017, respectively. We have capitalized $1.6 million, $7.5 million, and $16.7 million of qualifying software development costs as internal-use software development in progress during fiscal years 2019, 2018, and 2017, respectively. We have recognized expense for $1.5 million, $15.0 million, and $23.9 million of these costs in fiscal years 2019, 2018, and 2017, respectively, for costs that did not qualify for capitalization. Amounts that were expensed in connection with the development of these systems are classified within selling, general and administrative expenses in the Consolidated Statements of Operations.",
"Various components of our ERP system became ready for their intended use and were placed into service at various times from fiscal 2016 through fiscal 2019. As each component became ready for its intended use, the component’s costs were transferred into completed software and we began amortizing these costs over their seven-year estimated useful life using the straight-line method. We continue to capitalize costs associated with the development of other ERP components that are not yet ready for their intended use.",
"Our provisions for depreciation of plant and equipment and amortization of leasehold improvements and software amounted to $22.6 million, $19.5 million and $17.8 million in 2019, 2018 and 2017, respectively. Generally, we use straight-line methods for depreciable real property over estimated useful lives ranging from 15 to 39 years or for leasehold improvements, the term of the underlying lease if shorter than the estimated useful lives. We typically use accelerated methods (declining balance) for machinery and equipment and software other than our ERP system over estimated useful lives ranging from 5 to 10 years."
] |
[
"What do the costs incurred in the development of internal-use software and software applications include?",
"What is the amount that was capitalized in 2017 for qualifying software development costs as internal-use software development in progress?",
"In which years were the incurred costs related to the purchase and development of the ERP system recorded?",
"In which year was the total amount of property, plant and equipment larger?",
"What is the change in improvements from 2018 to 2019?",
"Leasehold improvements.",
"What was it in percentage?"
] |
[
[
"external direct costs of materials and services and applicable compensation costs of employees devoted to specific software development"
],
[
"$16.7 million"
],
[
"2019",
"2018",
"2017"
],
[
"2019"
],
[
"What kind of improvments are you asking about?"
],
[
"5073"
],
[
"42.31"
]
] |
[
[
"",
"Year-ended 31 March 2019",
"Year-ended 31 March 2018 Restated See note 2"
],
[
"",
"$M",
"$M"
],
[
"Depreciation of property, plant and equipment",
"11.8",
"11.6"
],
[
"Amortisation of intangible assets",
"16.9",
"25.2"
],
[
"Research and development expenditure",
"(143.9)",
"(140.3)"
],
[
"Operating lease rentals:",
"",
""
],
[
"Property",
"14.0",
"12.5"
],
[
"Other",
"1.6",
"1.6"
],
[
"Pension scheme contributions",
"8.9",
"8.4"
],
[
"Impairment of trade receivables",
"0.6",
"0.6"
],
[
"Net foreign currency differences",
"(1.5)",
"6.9"
]
] |
[
"9 Profit / (loss) on Ordinary Activities",
"The profit (2018: loss) on ordinary activities before taxation is stated after charging:"
] |
[
"What is stated after charging the items in the table?",
"What was the amount of Depreciation of property, plant and equipment in 2019?",
"What are the components under Operating lease rentals in the table?",
"In which year was the amount of Property larger?",
"What was its change in 2019 from 2018?",
"What was it in percentage?"
] |
[
[
"The profit (2018: loss) on ordinary activities before taxation"
],
[
"11.8"
],
[
"Property",
"Other"
],
[
"2019"
],
[
"1.5"
],
[
"12"
]
] |
[
[
"",
"Year-ended 31 March 2019",
"Year-ended 31 March 2018 Restated See note 2"
],
[
"",
"$M",
"$M"
],
[
"Profit / (loss) for the year before taxation",
"53.6",
"(41.0)"
],
[
"Loss for the year before taxation multiplied by the standard rate of corporation tax in the UK of 19% (2018: 19%)",
"10.2",
"(7.7)"
],
[
"Effects of:",
"",
""
],
[
"Adjustments in respect of previous years",
"0.8",
"7.1"
],
[
"Change in tax rate during the year",
"1.4",
"3.6"
],
[
"Expenses not deductible for tax purposes",
"11.8",
"9.4"
],
[
"Losses not recognised",
"(0.9)",
"–"
],
[
"Higher tax rates on overseas earnings",
"7.7",
"3.8"
],
[
"Research and development and other tax credits",
"(1.9)",
"(0.6)"
],
[
"Impact of US tax reform on deferred tax",
"–",
"5.4"
],
[
"Other movements",
"(2.4)",
"(1.1)"
],
[
"Charge for taxation on profit / (loss) for the year",
"26.7",
"19.9"
]
] |
[
"The following table reconciles the theoretical corporation tax expense to the reported tax expense using the UK corporation tax rate. The reconciling items represent the impact of rate differentials in tax jurisdictions and the impact of non-taxable benefits and non-deductible expenses arising from differences between the local tax base and the reported Financial Statements.",
"The Group’s taxation strategy is published at www.sophos.com/en-us/medialibrary/PDFs/legal/sophos-group-tax-poli\nThe Group’s taxation strategy is published at www.sophos.com/en-us/medialibrary/PDFs/legal/sophos-group-tax-policyfy19. pdf and is aligned to its business strategy and operational needs. Oversight of taxation is within the remit of the Audit and Risk Committee. The Chief Financial Officer is responsible for tax strategy supported by a global team of tax professionals. Sophos strives for an open and transparent relationship with all revenue authorities and is vigilant in ensuring that the Group complies with current tax legislation. The Group proactively seeks to agree arm’s length pricing with tax authorities to mitigate tax risks of significant cross-border operations. The Group actively engages with policy makers, tax administrators, industry bodies and international institutions to provide informed input on proposed tax measures, so that it and they can understand how those proposals would affect the Group. However, a tax authority may seek adjustment to the filing position adopted by a Group company and it is accepted that interpretation of complex regulations may lead to additional tax being assessed. Uncertain tax positions are monitored regularly and a provision made in the accounts where appropriate."
] |
[
"What do the reconciling items in the table represent?",
"What is the Chief Financial Officer responsible for?",
"In which years was the Charge for taxation on profit for the year recorded?",
"In which year was its amount larger?",
"What was its change in 2019 from 2018?",
"What was its percentage change in 2019 from 2018?"
] |
[
[
"the impact of rate differentials in tax jurisdictions and the impact of non-taxable benefits and non-deductible expenses arising from differences between the local tax base and the reported Financial Statements."
],
[
"responsible for tax strategy supported by a global team of tax professionals. Sophos strives for an open and transparent relationship with all revenue authorities and is vigilant in ensuring that the Group complies with current tax legislation."
],
[
"2019",
"2018"
],
[
"2019"
],
[
"6.8"
],
[
"34.17"
]
] |
[
[
"",
"",
"Years Ended December 31,",
""
],
[
"Customer Type",
"2017",
"2018",
"2019"
],
[
"",
"%",
"%",
"%"
],
[
"Fabless design companies",
"91.0",
"92.4",
"91.3"
],
[
"Integrated device manufacturers",
"9.0",
"7.6",
"8.7"
],
[
"Total",
"100.0",
"100.0",
"100.0"
]
] |
[
"We believe our success in attracting these end customers is a direct result of our commitment to high quality service and our intense focus on customer needs and performance. As an independent semiconductor foundry, most of our operating revenue is generated by our sales of wafers. The following table presented the percentages of our wafer sales by types of customers for the years ended December 31, 2017, 2018 and 2019.",
"We focus on providing a high level of customer service in order to attract customers and maintain their ongoing loyalty. Our culture emphasizes responsiveness to customer needs with a focus on flexibility, speed and accuracy throughout our manufacturing and delivery processes. Our customer oriented approach is especially evident in two types of services: customer design development services and manufacturing services.",
"For example, in 2013, we expand our regional business by opening our UMC Korea office, in order to provide local support to our customers in Korea, and shorten time-to-market for our Korea-based customers designing and manufacturing on UMC process technologies. We believe that our large production capacity and advanced process technology enable us to provide better customer service than many other foundries through shorter turn-around time, greater manufacturing flexibility and higher manufacturing yields."
] |
[
"What does the company culture emphasize on?",
"What is the major portion of the operating revenue?",
"What is the approach taken by the company to grow its business?",
"What is the increase / (decrease) in the Fabless design companies from 2018 to 2019?",
"How about that in the Integrated device manufacturers from 2017 to 2018?",
"What is its average amount?",
"2017-2019"
] |
[
[
"Our culture emphasizes responsiveness to customer needs with a focus on flexibility, speed and accuracy throughout our manufacturing and delivery processes"
],
[
"wafers"
],
[
"Our customer oriented approach is especially evident in two types of services: customer design development services and manufacturing services."
],
[
"-1.1"
],
[
"-1.4"
],
[
"Which period are you asking about?"
],
[
"8.43"
]
] |
[
[
"",
"Year Ended December 31,",
"",
"",
"",
""
],
[
"(In thousands)",
"2019",
"2018",
"2017",
"2019 % Change from 2018",
"2018 % Change from 2017"
],
[
"Total cost of revenue",
"$ 1,058,097",
"$ 1,025,419",
"$ 864,909",
"3.2%",
"18.6%"
],
[
"Gross profit",
"$ 713,580",
"$ 724,543",
"$ 632,799",
"(1.5%)",
"14.5%"
],
[
"Gross margin %",
"40.3%",
"41.4%",
"42.3%",
"",
""
]
] |
[
"Gross Profit",
"Year Ended December 31, 2019 Compared with the Year Ended December 31, 2018",
"Gross profit and margin decreased during the year ended December 31, 2019 compared to prior year primarily due to an increase in hosting migration costs, higher amortization of software development, recognition of previously deferred costs and the sale of OneContent business on April 2, 2018, which carried a higher gross margin compared with our other businesses. These were partially offset with an increase in organic sales for Veradigm and our acute solutions in 2019.",
"Year Ended December 31, 2018 Compared with the Year Ended December 31, 2017",
"Gross profit increased during the year ended December 31, 2018 compared with the year ended December 31, 2017 primarily due to acquisitions. From a revenue mix perspective, gross profit associated with our recurring revenue streams, which include the delivery of recurring subscription-based software sales, support and maintenance, and recurring client services improved as we continued to expand our customer base for these services, particularly those related to outsourcing and revenue cycle management. Gross profit associated with our non-recurring software delivery, support and maintenance revenue stream decreased primarily due to fewer perpetual software license sales of our acute and population health management solutions. Gross profit associated with our non-recurring client services revenue stream, which includes non-recurring project-based client services, decreased primarily driven by higher internal personnel costs, including those related to incremental resources from recent acquisitions. Gross margin decreased primarily due to lower sales of higher margin perpetual software licenses and higher amortization of software development and acquisition-related assets driven by additional amortization expense associated with intangible assets acquired as part of recent acquisitions."
] |
[
"What caused the decrease in Gross profit and margin in 2019?",
"What is the average gross profit between 2017-2019?",
"What was the gross profit margin in 2019?",
"How about the total cost of revenue?",
"What is the change in it from 2018 to 2019?",
"How about that in the gross margin %?"
] |
[
[
"primarily due to an increase in hosting migration costs, higher amortization of software development, recognition of previously deferred costs and the sale of OneContent business on April 2, 2018, which carried a higher gross margin compared with our other businesses"
],
[
"690307.33"
],
[
"40.3%"
],
[
"$ 1,058,097"
],
[
"32678"
],
[
"-1.1"
]
] |
[
[
"",
"As of September 30, 2019",
"",
"As of September 30, 2018",
"",
"",
""
],
[
"",
"Carrying amount",
"Fair value",
"Carrying amount",
"Fair value",
"Fair Value Level",
"References"
],
[
"",
"",
"(Amounts in thousands)",
"",
"",
"",
""
],
[
"Assets:",
"",
"",
"",
"",
"",
""
],
[
"Cash and cash equivalents",
"$18,099",
"$18,099",
"$25,107",
"$25,107",
"1",
"Consolidated Balance SSheets"
],
[
"Accounts & long term receivable*",
"7,087",
"7,087",
"-",
"-",
"3",
"Note 3"
],
[
"Liabilities:",
"",
"",
"",
"",
"",
""
],
[
"Note payable",
"1,001",
"1,001",
"-",
"-",
"2",
"Note 11"
],
[
"*Original maturity over one year",
"",
"",
"",
"",
"",
""
]
] |
[
"Fair Value Disclosures",
"Under the fair value standards fair value is based on the exit price and defined as the price that would be received to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement should reflect all the assumptions that market participants would use in pricing an asset or liability. A fair value hierarchy is established in the authoritative guidance outlined in three levels ranking from Level 1 to level 3 with Level 1 being the highest priority.",
"Level 1: observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets",
"Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly",
"Level 3: unobservable inputs (e.g., a reporting entity’s or other entity’s own data)",
"The Company had no assets or liabilities measured at fair value on a recurring (except our pension plan assets, see Note 15) or\nnon-recurring basis as of September 30, 2019 or September 30, 2018.",
"To estimate fair value of the financial instruments below quoted market prices are used when available and classified within Level 1. If this data is not available, we use observable market based inputs to estimate fair value, which are classified within Level 2. If the preceding information is unavailable, we use internally generated data to estimate fair value which is classified within Level 3.",
"Cash and cash equivalents",
"Carrying amount approximated fair value",
"Accounts and long term receivable with original maturity over one year",
"Fair value was estimated by discounting future cash flows based on the current rate with similar terms.",
"Note payable",
"Fair value was estimated based on quoted market prices.",
"Fair value of accounts receivable with an original maturity of one year or less and accounts payable was not materially different from their carrying values at September 30, 2019, and 2018."
] |
[
"What does a Level 1 fair value hierarchy refer to?",
"How about Level 3?",
"What is the difference in fair value of cash and cash equivalents between 2018 and 2019?",
"What is it in percentage?",
"What is the difference in the carrying amount and fair value of the accounts & long term receivable in 2019? ",
"How is the fair value for note payable determined? "
] |
[
[
"observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets"
],
[
"unobservable inputs (e.g., a reporting entity’s or other entity’s own data)"
],
[
"-7008"
],
[
"-27.91"
],
[
"0"
],
[
"Inputs other than quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly"
]
] |
[
[
"",
"Total Number of Shares Purchased",
"Average Price Paid per Share (1)",
"Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs",
"Approximate Dollar Value of Shares that may be Purchased Under the Plans or Programs (2)"
],
[
"December 1 - December 31, 2018",
"75,000",
"$12.96",
"75,000",
"$19,028,173"
],
[
"January 1 - January 31, 2019",
"524,577",
"$14.00",
"524,577",
"$11,685,543"
],
[
"February 1 - February 28, 2019",
"116,042",
"$14.53",
"116,042",
"$10,000,013"
],
[
"Total",
"715,619",
"$13.97",
"715,619",
"$10,000,013"
]
] |
[
"Purchases of Equity Securities by the Issuer and Affiliated Purchasers",
"The following table contains information with respect to purchases made by or on behalf of CalAmp or any “affiliated purchaser” (as defined in Rule 10b-18(a)(3) under the Exchange Act), of our common stock during the following months of our fourth quarter ended February 28, 2019:",
"(1) Average price paid per share for shares purchased as part of our share repurchase program (includes brokerage commissions).",
"(2) On December 10, 2018, we announced that our Board of Directors authorized a new share repurchase program under which we may repurchase up to $20.0 million of our outstanding common stock over the next 12 months. As of February 28, 2019, $10.0 million of the $20.0 million had been utilized. Our share repurchase program does not obligate us to acquire any specific number of shares. Under the program, shares may be repurchased in privately negotiated and/or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act."
] |
[
"How many shares were purchased in 2019?",
"How about that in December 2018?",
"And that in February 2019?",
"What was the approximate dollar value of shares that may be purchased under the plans or program in December 2018?",
"What is the percentage increase in total number of shares purchased between December 2018 and January 2019?",
"How about that between January 2019 and February 2019?"
] |
[
[
"640619"
],
[
"75,000"
],
[
"116,042"
],
[
"$19,028,173"
],
[
"599.44"
],
[
"-77.88"
]
] |
[
[
"",
"",
"Years Ended December 31,",
""
],
[
"",
"2019",
"2018",
"2017"
],
[
"Product and service revenue recognized at point in time",
"$786,918",
"$715,055",
"$667,440"
],
[
"Extended warranty and service contracts recognized over time",
"2,030",
"3,837",
"3,572"
],
[
"Total",
"$788,948",
"$718,892",
"$671,012"
]
] |
[
"ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts) ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)",
"The following table presents our net sales by extended warranty and service contracts recognized over time and our product and service revenue recognized at a point in time:"
] |
[
"What does the table represent?",
"What was the Extended warranty and service contracts recognized over time?",
"2018",
"What was its change between 2017 and 2018?",
"What was the Product and service revenue recognized at point in time in 2019?",
"What was its change between 2018 and 2019?",
"What was the percentage change in total net sales in that period?"
] |
[
[
"net sales by extended warranty and service contracts recognized over time and our product and service revenue recognized at a point in time"
],
[
"Which year are you asking about?"
],
[
"3,837"
],
[
"265"
],
[
"$786,918"
],
[
"71863"
],
[
"9.74"
]
] |
[
[
"",
"",
"YearEnded",
""
],
[
"",
"June 30, 2019",
"June 24, 2018",
"June 25, 2017"
],
[
"",
"",
"(in thousands)",
""
],
[
"United States",
"$(59,876)",
"$128,190",
"$7,553"
],
[
"Foreign",
"2,506,447",
"3,023,599",
"1,804,120"
],
[
"",
"$2,446,571",
"$3,151,789",
"$1,811,673"
]
] |
[
"Note 7: Income Taxes",
"On December 22, 2017, the “Tax Cuts & Jobs Act” was signed into law and was effective for the Company starting in the quarter ended December 24, 2017. U.S. tax reform reduced the U.S. federal statutory tax rate from 35% to 21%, assessed a one-time transition tax on earnings of certain foreign subsidiaries that were previously tax deferred, and created new taxes on certain foreign sourced earnings. The impact on income taxes due to a change in legislation is required under the authoritative guidance of Accounting Standards Codification (“ASC”) 740, Income Taxes, to be recognized in the period in which the law is enacted. In conjunction, the SEC issued Staff Accounting Bulletin (“SAB”) 118, which allowed for the recording of provisional amounts related to U.S. tax reform and subsequent adjustments related to U.S. tax reform during an up to one-year measurement period that is similar to the measurement period used when accounting for business combinations. The Company recorded what it believed to be reasonable estimates during the SAB 118 measurement period. During the December 2018 quarter, the Company finalized the accounting of the income tax effects of U.S. tax reform. Although the SAB 118 measurement period has ended, there may be some aspects of U.S. tax reform that remain subject to future regulations and/or notices which may further clarify certain provisions of U.S. tax reform. The Company may need to adjust its previously recorded amounts to reflect the recognition and measurement of its tax accounting positions in accordance with ASC 740; such adjustments could be material.",
"The computation of the one-time transition tax on accumulated unrepatriated foreign earnings was recorded on a provisional basis in the amount of $883.0 million in the fiscal year ended June 24, 2018, as permitted under SAB 118. The Company recorded a subsequent provisional adjustment of $36.6 million, as a result of incorporating new information into the estimate, in the Condensed Consolidated Financial Statements in the three months ended September 23, 2018. The Company finalized the computation of the transition tax liability during the December 2018 quarter. The final adjustment resulted in a tax benefit of $51.2 million, which was recorded in the Company’s Condensed Consolidated Financial Statements in the three months ended December 23, 2018. The final balance of total transition tax is $868.4 million. The one-time transition tax is based on the Company’s total post-1986 earnings and profits (“E&P”) that was previously deferred from U.S. income taxes. The Company had previously accrued deferred taxes on a portion of this E&P. The Company has completed the calculation of total post-1986 E&P and related income tax pools for its foreign subsidiaries. The Company elected to pay the one-time transition tax over a period of eight years.",
"Beginning in fiscal year 2019, the Company is subject to the impact of the GILTI provision of U.S. tax reform. The GILTI provision imposes taxes on foreign earnings in excess of a deemed return on tangible assets. The Company has calculated the impact of the GILTI provision on current year earnings and has included the impact in the effective tax rate. The Company made an accounting policy election in the September 2018 quarter to record deferred taxes in relation to the GILTI provision, and recorded a provisional tax benefit of $48.0 million in the Condensed Consolidated Financial Statements in the three months ended September 23, 2018, under SAB 118. The Company finalized the computation of the accounting policy election during the December 2018 quarter. The final adjustment resulted in a tax expense of $0.4 million, which was recorded in the Company’s Condensed Consolidated Financial Statements in the three months ended December 23, 2018. The final tax benefit of the election is $47.6 million.",
"The components of income (loss) before income taxes were as follows:"
] |
[
"What was the one-time transition tax on accumulated unrepatriated foreign earnings in the fiscal year ended June 24, 2018?",
"What was the period of time the Company chose to pay the one-time transition tax?",
"What was the income before income taxes from United States?",
"2018",
"What is its percentage change from 2017 to 2018?",
"In which year is the income before income taxes the highest?",
"The income before income taxes from Foreign countries.",
"What is the percentage change in its amount from 2018 to 2019?"
] |
[
[
"$883.0 million"
],
[
"over a period of eight years"
],
[
"Which year are you asking about?"
],
[
"$128,190"
],
[
"1597.21"
],
[
"What kind of income before income taxes are you asking about?"
],
[
"2018"
],
[
"-17.1"
]
] |
[
[
"",
"2018",
"2019",
"Ambition"
],
[
"Operating margin",
"4.4%",
"5.0%",
">12%"
],
[
"financial net, tax and other",
"-3.8%",
"-2.5%",
"-4%"
],
[
"+ depreciation and amortization",
"+3.9%",
"+2.9%",
"+3 to 4%"
],
[
"+ depreciation of leased assets",
"–",
"+1.1%",
"+1%"
],
[
"± change in working capital",
"+3.7%",
"+1.0%",
"±0"
],
[
"- capex",
"- 2.4%",
"-2.8%",
"-2%"
],
[
"- leasing payment",
"-",
"-1.3%",
"-1%"
],
[
"- restructuring costs1)",
"-3.8%",
"-0.4%",
"-1%"
],
[
"Free cash flow (before M&A)",
"2.0%",
"3.4%",
">8%"
],
[
"- M&A",
"-0.6%",
"-0.7%",
"~1 to -2%"
]
] |
[
"Free cash flow generation",
"Bridge from operating income to free cash flow (illustrative)",
"Focus on delivering a high conversion of operating income to free cash flow of operating income to free cash flow\nof operating income to free cash flow",
"Ongoing activities to reduce costs “below operating income”, including restructuring, financial net and tax",
"Striving to maintain working capital efficiency but fluctuations may impact cash flow",
"Planning assumption for capex is about 2% of net sales, while expected to remain above 2% in 2020 due to the new factory in the US",
"Ambition to over time maintain restructuring charges to around 1% of net sales",
"M&A will vary depending on strategic decisions but assumed to be around 1–2% of net sales",
"Operating margin excluding restructuring charges. All numbers are in relation to net sales.",
"1) Restructuring charges as reported in the income statement for each year."
] |
[
"What is the operating margin in 2018?",
"How about 2019?",
"What is the change between them?",
"How about that in capex?",
"What is the cash flow percentage in 2019?",
"The M&A cash flow.",
"Which year has a higher free cash flow (before M&A)?"
] |
[
[
"4.4%"
],
[
"5.0%"
],
[
"0.6"
],
[
"0.4"
],
[
"What kind of cash flow are you asking about?"
],
[
"-0.7%"
],
[
"2019"
]
] |
[
[
"(in thousands of $)",
"2019",
"2018"
],
[
"Statement of income",
"",
""
],
[
"Liquefaction services revenue",
"218,096",
"127,625"
],
[
"Realized and unrealized (losses)/gains on the oil derivative instrument",
"(26,001)",
"16,767"
],
[
"Statement of cash flows",
"",
""
],
[
"Net debt repayments",
"(243,513)",
"(30,300)"
],
[
"Net debt receipts",
"129,454",
"—"
]
] |
[
"Summarized financial information of Hilli LLC",
"The most significant impacts of Hilli LLC VIE's operations on our consolidated statements of income and consolidated statements of cash flows, as of December 31, 2019 and 2018, are as follows:"
] |
[
"In which years was the financial information recorded for?",
"What was the net debt receipts in 2019?",
"What was its change between 2018 and 2019?",
"What was the percentage change in liquefaction services revenue in that period?",
"What was the net debt repayments in 2018?",
"In which year was the realized and unrealized (losses)/gains on the oil derivative instrument higher?"
] |
[
[
"2019",
"2018"
],
[
"129,454"
],
[
"129454"
],
[
"70.89"
],
[
"(30,300)"
],
[
"2018"
]
] |
[
[
"",
"",
"",
"As of December 31,",
"",
""
],
[
"",
"2019",
"2018",
"2017",
"2016",
"2015"
],
[
"(In millions)",
"",
"",
"",
"",
""
],
[
"Balance Sheet Data:",
"",
"",
"",
"",
""
],
[
"Cash and cash equivalents (including restricted cash) (2)",
"$1,578.0",
"$1,304.9",
"$954.9",
"$936.5",
"$462.9"
],
[
"Property and equipment, net",
"12,084.4",
"11,247.1",
"11,101.0",
"10,517.3",
"9,866.4"
],
[
"Total assets (3)",
"42,801.6",
"33,010.4",
"33,214.3",
"30,879.2",
"26,904.3"
],
[
"Long-term obligations, including current portion",
"24,055.4",
"21,159.9",
"20,205.1",
"18,533.5",
"17,119.0"
],
[
"Redeemable noncontrolling interests",
"1,096.5",
"1,004.8",
"1,126.2",
"1,091.3",
"—"
],
[
"Total American Tower Corporation equity",
"5,055.4",
"5,336.1",
"6,241.5",
"6,763.9",
"6,651.7"
]
] |
[
"ITEM 6. SELECTED FINANCIAL DATA",
"The selected financial data should be read in conjunction with our “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and our audited consolidated financial statements and the related notes to those consolidated financial statements included in this Annual Report.",
"Year-over-year comparisons are significantly affected by our acquisitions, dispositions and construction of towers. Our transaction with Verizon Communications Inc. (“Verizon” and the transaction, the “Verizon Transaction”) and the acquisition of a controlling ownership interest in Viom Networks Limited (“Viom” and the acquisition, the “Viom Acquisition”), which closed in March 2015 and April 2016, respectively, significantly impact the comparability of reported results between periods. Our principal 2019 acquisitions are described in note 7 to our consolidated financial statements included in this Annual Report.",
"(2) As of December 31, 2019, 2018, 2017, 2016 and 2015, amounts include $76.8 million, $96.2 million, $152.8 million, $149.3 million, and $142.2 million, respectively, of restricted funds pledged as collateral to secure obligations and cash, the use of which is otherwise limited by contractual provisions.",
"(3) Total assets as of December 31, 2019 includes the Right-of-use asset recognized in connection with our adoption of the new lease accounting standard described in note 1 to our consolidated financial statements included in this Annual Report"
] |
[
"Why was Right-of-use asset included in total assets?",
"What was the amount of net property and equipment?",
"2015",
"What was the percentage change in Total American Tower Corporation equity?",
"Between 2015 and 2016.",
"What were the Redeemable noncontrolling interests in 2019?",
"What was the change in Long-term obligations, including current portion between 2018 and 2019?",
"How about that in total assets between 2017 and 2018?"
] |
[
[
"adoption of the new lease accounting standard described in note 1 to our consolidated financial statements included in this Annual Report"
],
[
"Which year are you asking about?"
],
[
"9,866.4"
],
[
"Which period are you asking about?"
],
[
"1.69"
],
[
"1,096.5"
],
[
"2895.5"
],
[
"-203.9"
]
] |
[
[
"",
"",
"Years Ended June 30,",
""
],
[
"($ in millions)",
"2019",
"2018",
"2017"
],
[
"Unrealized gains on company owned life insurance contracts and investments held in rabbi trusts",
"$0.8",
"$1.5",
"$1.7"
],
[
"Interest income",
"0.1",
"0.3",
"0.3"
],
[
"Foreign exchange",
"(0.4)",
"(0.7)",
"(0.4)"
],
[
"Pension earnings, interest and deferrals",
"(0.1)",
"(2.1)",
"(23.8)"
],
[
"Pension curtailment",
"—",
"—",
"(0.5)"
],
[
"Other",
"0.2",
"0.2",
"1.2"
],
[
"Total other income (expense), net",
"$0.6",
"$(0.8)",
"$(21.5)"
]
] |
[
"18. Other Income (Expense), Net",
"Other income (expense), net consists of the following:"
] |
[
"What was the amount of Interest income in 2019?",
"What was its change in 2019 from 2018?",
"What was this change in percentage?",
"What was the Total other income (expense), net?",
"2018",
"In which years is this amount calculated?",
"In which year was Other the largest?"
] |
[
[
"0.1"
],
[
"-0.2"
],
[
"-66.67"
],
[
"Which year are you asking about?"
],
[
"$(0.8)"
],
[
"2019",
"2018",
"2017"
],
[
"2017"
]
] |
[
[
"",
"",
"Year ended December 31,",
""
],
[
"",
"2019",
"2018",
"2017"
],
[
"Revenues",
"$1,177.2",
"$1,114.0",
"$1,051.6"
],
[
"Expenses:",
"",
"",
""
],
[
"Operating expenses",
"646.0",
"625.4",
"569.5"
],
[
"Depreciation and amortization",
"236.2",
"217.0",
"206.5"
],
[
"Transition and integration costs",
"5.4",
"6.6",
"13.1"
],
[
"Total expenses",
"887.6",
"849.0",
"789.1"
],
[
"Operating income",
"289.6",
"265.0",
"262.5"
],
[
"Operating margin",
"24.6%",
"23.8%",
"25.0%"
],
[
"Interest expense, net",
"(63.5)",
"(51.7)",
"(57.5)"
],
[
"Other expense, net",
"(1.4)",
"(7.1)",
"(12.6)"
],
[
"Earnings before income taxes and equity in losses of unconsolidated affiliates",
"224.7",
"206.2",
"192.4"
],
[
"Income tax expense (benefit)",
"41.9",
"37.7",
"(61.8)"
],
[
"Earnings before equity in losses of unconsolidated affiliates",
"182.8",
"168.5",
"254.2"
],
[
"Equity in losses of unconsolidated affiliates, net of tax",
"(74.0)",
"—",
"—"
],
[
"Net earnings",
"$108.8",
"$168.5",
"$254.2"
],
[
"Earnings per share:",
"",
"",
""
],
[
"Net earnings per share attributable to Black Knight common shareholders:",
"",
"",
""
],
[
"Diluted",
"$0.73",
"$1.14",
"$1.47"
],
[
"Weighted average shares of common stock outstanding:",
"",
"",
""
],
[
"Diluted",
"148.6",
"148.2",
"152.4"
]
] |
[
"Results of Operations",
"Consolidated Results of Operations",
"The following tables present certain financial data for the periods indicated (dollars in millions):"
] |
[
"What was the revenue in 2019?",
"What were the total expenses in 2018?",
"What was the net interest expense in 2017?",
"What was the change in operating income?",
"Between 2017 and 2018.",
"How many years did the operating margin exceed 20.0%?",
"What was the change in net earnings between 2018 and 2019?"
] |
[
[
"1,177.2"
],
[
"849.0"
],
[
"(57.5)"
],
[
"Which period are you asking about?"
],
[
"2.5"
],
[
"3"
],
[
"-35.43"
]
] |
[
[
"",
"2018",
"2019"
],
[
"",
"(Expressed in millions of U.S. Dollars)",
""
],
[
"Audit fees",
"$1.8",
"$1.7"
],
[
"Total fees",
"$1.8",
"$1.7"
]
] |
[
"ITEM 16.C. PRINCIPAL ACCOUNTANT FEES AND SERVICES",
"Deloitte LLP, an independent registered public accounting firm, has audited our annual financial statements acting as our independent auditor for the fiscal years ended December 31, 2018 and December 31, 2019.",
"The chart below sets forth the total amount billed and accrued for Deloitte LLP for services performed in 2018 and 2019, respectively, and breaks down these amounts by the category of service. The fees paid to our principal accountant were approved in accordance with the pre-approval policies and procedures described below.",
"Audit Fees",
"Audit fees represent compensation for professional services rendered for the audit of the consolidated financial statements of the Company and the audit of the financial statements for its individual subsidiary companies, fees for the review of the quarterly financial information, as well as in connection with the review of registration statements and related consents and comfort letters, and any other services required for SEC or other regulatory filings",
"Included in the audit fees for 2018 are fees of $0.2 million related to the Partnership’s public offerings completed in 2018. Included in the audit fees for 2019 are fees of $0.2 million related to equity and bond related transactions.",
"Tax Fees",
"No tax fees were billed by our principal accountant in 2018 and 2019.",
"Audit-Related Fees",
"No audit-related fees were billed by our principal accountant in 2018 and 2019.",
"All Other Fees",
"No other fees were billed by our principal accountant in 2018 and 2019."
] |
[
"What are the components of fees recorded?",
"How much are the fees related to equity and bond related transactions in 2019?",
"What does audit fees represent?",
"In which year was its amount lower?",
"What was its change from 2018 to 2019?",
"What was the percentage change in fees in that period?",
"Total fees."
] |
[
[
"Audit fees",
"Tax fees",
"Audit-related fees",
"All other fees"
],
[
"$0.2 million"
],
[
"Compensation for professional services rendered for the audit of the consolidated financial statements of the Company and the audit of the financial statements for its individual subsidiary companies, fees for the review of the quarterly financial information, as well as in connection with the review of registration statements and related consents and comfort letters, and any other services required for SEC or other regulatory filings"
],
[
"2019"
],
[
"-0.1"
],
[
"What kind of fees are you asking about?"
],
[
"-5.56"
]
] |
[
[
"",
"31 March 2019",
"31 March 2018"
],
[
"",
"$M",
"$M"
],
[
"Cash at bank and in hand",
"134.3",
"67.2"
],
[
"Short-term deposits",
"37.8",
"52.8"
],
[
"Total cash and cash equivalent",
"172.1",
"120.0"
]
] |
[
"21 Cash and Cash Equivalents",
"Cash at bank earns interest at floating rates based on daily bank deposit rates. Short-term deposits are made for varying periods of between one day and three months, depending on the immediate cash requirements of the Group, and earn interest at the respective short-term deposit rates."
] |
[
"How does cash at bank earn interest?",
"What are short-term deposits made for?",
"In which year was its amount larger?",
"What are the components making up the total cash and cash equivalents?",
"What was its change in 2019 from 2018?",
"What was this change in percentage?"
] |
[
[
"at floating rates based on daily bank deposit rates"
],
[
"for varying periods of between one day and three months, depending on the immediate cash requirements of the Group, and earn interest at the respective short-term deposit rates."
],
[
"2018"
],
[
"Cash at bank and in hand",
"Short-term deposits"
],
[
"52.1"
],
[
"43.42"
]
] |
[
[
"",
"",
"For the Years Ended December 31,",
""
],
[
"",
"2019",
"2018",
"2017"
],
[
"",
"",
"(in thousands)",
""
],
[
"Net cash provided by (used in) operating activities",
"$(9,885)",
"$25,601",
"$16,586"
],
[
"Net cash used in investing activities",
"$(3,822)",
"(13,203)",
"(1,873)"
],
[
"Net cash provided by (used in) financing activities",
"$—",
"(21,556)",
"12,778"
]
] |
[
"Cash flows for the year ended December 31, 2019, 2018 and 2017",
"Operating Activities: Net cash used in operating activities was $9.9 million for the year ended December 31, 2019 and is comprised of $16.5 million in net loss, $4.5 million change in deferred income taxes and $0.7 million loss from the sale of the investment in JVP offset by $1.0 million in stock based compensation, $2.0 million in depreciation and amortization and $7.1 million, primarily changes in net operating assets and liabilities.",
"Net cash provided by operating activities was $25.6 million for the year ended December 31, 2018 and is comprised of $20.7 million in net income, $1.6 million in stock-based compensation, $1.8 million in depreciation and amortization, $3.4 million change in warrant liability and a change in deferred income taxes of $2.5 million, offset by a $4.4 million change in net operating assets and liabilities.",
"Net cash provided by operating activities was $16.6 million for the year ended December 31, 2017 and is comprised of $22.8 million in net income, $0.8 million in stock-based compensation, $0.8 million in depreciation and amortization, $0.6 million change in net operating assets and liabilities, offset by $2.2 million change in the warrant liability and a change in deferred income taxes of $6.2 million.",
"Investing Activities: During the year ended December 31, 2019, cash used in investing activities of $3.8 million was related to purchases of marketable securities of $24.5 million, purchases of property and equipment of $0.4 million and purchase of additional investment in JVP of $0.7 million offset by redemptions of marketable securities of $18.3 million and $3.5 million from the sale of our interest in JVP.",
"During the year ended December 31, 2018, cash used in investing activities of $13.2 million was related to purchase of investments of $11.3 million, the purchase of assets under the May 2018 Patent Assignment Agreement of $1.0 million and a $0.9 million investment in the JVP fund.",
"During the year ended December 31, 2017, cash used in investing activities of $2.0 million was related to the purchase of assets under the first Patent Assignment Agreement, offset by $0.1 million in cash distribution received from our investment in the JVP fund.",
"Financing Activities: During the year ended December 31, 2019, we did not have any activity related to financing.",
"During the year ended December 31, 2018, net cash used in financing activities of $21.6 million was primarily from the redemption of Series A-1 Preferred Stock totaling $19.9 million, $2.0 million related to the share repurchase program, offset by $0.3 million of proceeds received from the exercise of stock options.",
"During the year ended December 31, 2017, net cash provided by financing activities of $12.8 million was primarily from the issuance of Series A-1 Preferred Stock totaling $14.4 million and a Common Share offering for $12.0 million, offset by redeeming and retiring Series A Preferred Stock Financing of $13.8 million."
] |
[
"What is the respective value of purchases relating to the purchase of investments and the purchase of assets under the May 2018 Patent Assignment Agreement?",
"How about that of purchases relating to the purchase of marketable securities and purchases of property and equipment, respectively?",
"What is the respective value of net cash provided by operating activities relating to net income and stock-based compensation?",
"2018",
"What is the percentage change in the net cash between 2017 and 2018?",
"The net cash provided by operating activities.",
"What is the average net cash provided by (used in) financing activities in that period?",
"What is the percentage change in net cash used in activities between 2018 and 2019?",
"Investing activities."
] |
[
[
"$11.3 million",
"$1.0 million"
],
[
"$24.5 million",
"$0.4 million"
],
[
"Which year are you asking about?"
],
[
"$20.7 million",
"$1.6 million"
],
[
"What kind of net cash are you asking about?"
],
[
"54.35"
],
[
"-4389"
],
[
"What kind of activities are you asking about?"
],
[
"-71.05"
]
] |
[
[
"",
"",
"For the Year Ended December 31,",
"",
""
],
[
"",
"2018",
"2017",
"Change",
"% Change"
],
[
"",
"",
"(In millions, except percentages)",
"",
""
],
[
"Revenues",
"$82.3",
"$50.5",
"$31.8",
"63%"
],
[
"Cost of revenues",
"15.3",
"6.0",
"9.3",
"155%"
],
[
"Gross profit",
"67.0",
"44.5",
"22.5",
"51%"
],
[
"Gross margin",
"81%",
"88%",
"",
""
],
[
"Operating expenses:",
"",
"",
"",
""
],
[
"Selling, general and administrative",
"32.2",
"28.6",
"3.6",
"13%"
],
[
"Research and development",
"2.1",
"1.5",
"0.6",
"40%"
],
[
"Total operating expenses",
"34.3",
"30.1",
"4.2",
"14%"
],
[
"Other income (expense)",
"(4.0)",
"2.2",
"(6.2)",
"(282)%"
],
[
"Income before income taxes",
"28.7",
"16.6",
"12.1",
"73%"
],
[
"Income tax provision (benefit)",
"8.0",
"(6.2)",
"14.2",
"(229)%"
],
[
"Net income",
"$20.7",
"$22.8",
"$(2.1)",
"(9)%"
]
] |
[
"Year ended December 31, 2018 compared with the year ended December 31, 2017:",
"Revenue in 2018 is derived from multiple license agreements that we entered into with third-parties following negotiations pursuant to our patent licensing and enforcement program. The revenue increase is primarily due to licensing revenues, as further described in \"Item 1. Business\" - \"Licensing and Enforcement - Current Activities, Post 2013\".",
"Cost of revenues includes contingent legal fees directly associated with our licensing and enforcement programs. Cost of revenues increased largely in proportion to increase in revenues.",
"Selling, general and administrative expenses (\"SG&A\") consisted primarily of legal fees incurred in operations and employee headcount related expenses. These comprise approximately 74% of total SG&A expense. Litigation expenses increased $4.2 million to $16.5 million in 2018 compared to 2017 and are primarily due to the timing of various outstanding litigation actions. See \"Item 3. Legal Proceedings\". Employee headcount related expenses increased $1.8 million to $7.2 million in 2018 compared to 2017, and is primarily due to incentive bonuses earned during the year. The balance of SG&A expenses include consulting, other professional services, facilities and other administrative fees and expenses.",
"Research and Development expenses (\"R&D\") are primarily from our Finjan Mobile security business and increased by $0.6 million to $2.1 million in 2018 compared to 2017, as we continue to position this business for future growth.",
"Other income (expense) is primarily due to changes in the fair value of the warrant liability of $3.4 million in 2018 versus a benefit of $2.2 million in 2017, and interest expense of $0.6 million in 2018, net.",
"We recognized an income tax expense of $8.1 million on pre-tax income of $28.7 million in 2018 as compared to a benefit from the reduction in the valuation allowance of $6.2 million in 2017."
] |
[
"What are the respective increase in R&D expenses between 2017 and 2018, as well as the R&D expenses in 2018?",
"What are the respective fair value of the warrant liability and interest expense in 2018?",
"How about income tax expense and pre-tax income in that year?",
"What is the value of pre-tax income as a percentage of revenues in that year?",
"What is the value of the warrant liability fair value as a percentage of the cost of revenues in that year?",
"How about that of R&D expenses?"
] |
[
[
"$0.6 million",
"$2.1 million"
],
[
"$3.4 million",
"$0.6 million"
],
[
"$8.1 million",
"$28.7 million"
],
[
"34.87"
],
[
"22.22"
],
[
"13.73"
]
] |
[
[
"Years ended August 31,",
"2019",
"2018"
],
[
"(In thousands of Canadian dollars)",
"$",
"$"
],
[
"Stock options",
"1,046",
"915"
],
[
"ISUs",
"61",
"1"
],
[
"PSUs",
"981",
"990"
],
[
"DSUs",
"631",
"—"
]
] |
[
"Cogeco Communications is a subsidiary of Cogeco, which holds 31.8% of the Corporation's equity shares, representing 82.3% of the Corporation's voting shares.",
"Cogeco provides executive, administrative, financial and strategic planning services and additional services to the Corporation under a Management Services Agreement (the \"Agreement\"). On May 1, 2019, the Corporation and Cogeco agreed to amend the Agreement in order to replace the methodology used to establish the management fees payable by the Corporation to Cogeco, which was based on a percentage of the consolidated revenue of the Corporation, with a new methodology based on the costs incurred by Cogeco plus a reasonable mark-up. This cost-plus methodology was adopted to avoid future variations of the management fee percentage due to the frequent changes of the Corporation's consolidated revenue pursuant to business acquisitions and divestitures. Prior to this change, management fees represented 0.75% of the consolidated revenue from continuing and discontinued operations of the Corporation (0.85% for the period prior to the MetroCast acquisition on January 4, 2018). Provision is made for future adjustment upon the request of either Cogeco or the Corporation from time to time during the term of the Agreement. For fiscal 2019 management fees paid to Cogeco amounted to $19.9 million, compared to $19.0 million for fiscal 2018.",
"Provision is made for future adjustment upon the request of either Cogeco or the Corporation from time to time during the term of the Agreement. For fiscal 2019 management fees paid to Cogeco amounted to $19.9 million, compared to $19.0 million for fiscal 2018.",
"The following table shows the amounts that the Corporation charged Cogeco with regards to the Corporation's stock options, ISUs and PSUs granted to these executive officers, as well as DSUs issued to Board directors of Cogeco:"
] |
[
"What is the ownership of Cogeco in Cogeco Communications in terms of voting shares?",
"What was the management fee prior to the methodology change?",
"What was the management fee paid to Cogeco in 2019?",
"What is the increase / (decrease) in the stock options from 2018 to 2019?",
"What was the average ISUs from 2018 to 2019?",
"How about DSUs?"
] |
[
[
"82.3%"
],
[
"0.75% of the consolidated revenue from continuing and discontinued operations of the Corporation (0.85% for the period prior to the MetroCast acquisition on January 4, 2018)"
],
[
"$19.9 million"
],
[
"131"
],
[
"31"
],
[
"315.5"
]
] |
[
[
"",
"2019",
"2018"
],
[
"Income tax expense, as reported (GAAP)",
"$17.3",
"$94.6"
],
[
"Accumulated foreign earnings assertion ",
"10.5",
"—"
],
[
"U.S. Tax Reform",
"(7.0)",
"(85.9)"
],
[
"Impact of other special tax items",
"0.2",
"(1.1)"
],
[
"Impact of valuation allowance release ",
"—",
"3.6"
],
[
"Impact of one-time employee bonus",
"—",
"0.3"
],
[
"Income tax expense, as adjusted (non-GAAP) (1)",
"$21.0",
"$11.5"
]
] |
[
"Income taxes. Income tax expense and effective annual income tax rates for fiscal 2019 and 2018, as well as information as to the effects of the U.S. Tax Reform in fiscal 2018, were as follows (dollars in millions):",
"(1) We believe the non-GAAP presentation of income tax expense and the effective annual tax rate excluding special tax items, the one-time employee bonus and restructuring charges provides additional insight over the change from the comparative reporting periods by isolating the impact of these significant, special items. In addition, the Company believes that its income tax expense, as adjusted, and effective tax rate, as adjusted, enhance the ability of investors to analyze the Company’s operating performance and supplement, but do not replace, its income tax expense and effective tax rate calculated in accordance with U.S. GAAP.",
"Income tax expense for fiscal 2019 was $17.3 million compared to $94.6 million for fiscal 2018. The decrease is primarily due to the $85.9 million impact of Tax\nReform that was recorded in fiscal 2018, which was partially offset by an increase in tax expense due to the global intangible low-taxed income provisions\n(\"GILTI\") of Tax Reform in fiscal 2019. Income tax expense also decreased by $10.5 million in fiscal 2019 as the Company reasserted that certain historical\nundistributed earnings of two foreign subsidiaries will be permanently reinvested based on the expected working capital requirements of these two foreign\nsubsidiaries.",
"The $94.6 million of income tax expense recorded during fiscal 2018 included $85.9 million related to the enactment of Tax Reform. Included in the fiscal 2018 income tax expense was a $3.6 million benefit for the valuation allowance released against the net deferred tax assets in the U.S. as the Company is subject to GILTI."
] |
[
"Which years does the table provide information for Income tax expense?",
"What was the amount of U.S. Tax Reform in 2018?",
"How about the Impact of one-time employee bonus?",
"How many years did Income tax expense exceed $50 million?",
"Income tax expense, as reported (GAAP).",
"What was the percentage change in the Income tax expense, as adjusted (non-GAAP) between 2018 and 2019?",
"What was the change in the Impact of other special tax items in that period?"
] |
[
[
"2019",
"2018"
],
[
"(85.9)"
],
[
"0.3"
],
[
"What kind of Income tax expense are you asking about?"
],
[
"1"
],
[
"82.61"
],
[
"1.3"
]
] |
[
[
"",
"Fair Value",
"Useful Life"
],
[
"",
"(U.S. $ in thousands)",
"(years)"
],
[
"Developed technology",
"$50,600",
"3"
],
[
"Customer relationships",
"56,900",
"2"
],
[
"Trade names",
"19,900",
"3"
],
[
"Total intangible assets subject to amortization",
"$127,400",
""
]
] |
[
"The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition.",
"The amount recorded for developed technology represents the estimated fair value of Trello’s project management and organization technology. The amount recorded for customer relationships represents the fair values of the underlying relationship with Trello customers."
] |
[
"What does the amount recorded for customer relationships represent?",
"How about that for developed technology?",
"What is the useful life (in years) of it?",
"What is the difference in fair value between developed technology and customer relationships?",
"What are the intangible assets that have a fair value of above $20,000 thousands?",
"What is the percentage constitution of trade names among the total intangible assets subject to amortization?"
] |
[
[
"The fair values of the underlying relationship with Trello customers"
],
[
"The estimated fair value of Trello’s project management and organization technology"
],
[
"3"
],
[
"6300"
],
[
"Developed technology",
"Customer relationships"
],
[
"15.62"
]
] |
[
[
"",
"",
"December 31,",
""
],
[
"",
"2019",
"2018",
"2017"
],
[
"Cash and cash equivalents",
"$195,760",
"$303,390",
"$224,614"
],
[
"Restricted cash",
"250,081",
"155,109",
"129,224"
],
[
"Cash and cash equivalents and restricted cash in Consolidated Statements of Cash Flows",
"$445,841",
"$458,499",
"$353,838"
]
] |
[
"GreenSky, Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) (United States Dollars in thousands, except per share data, unless otherwise stated)",
"Cash and Cash Equivalents",
"Cash includes non-interest and interest-bearing demand deposit accounts with various financial institutions. Cash equivalents include money market mutual fund accounts, which are invested in government securities. We consider all highly liquid investments that mature three months or less from the date of purchase to be cash equivalents. The carrying amounts of our cash equivalents approximate their fair values due to their short maturities and highly liquid nature. Refer to Note 3 for additional information.",
"At times, our cash balances may exceed federally insured amounts and potentially subject the Company to a concentration of credit risk. The Company believes that no significant concentration of credit risk exists with respect to these balances based on its assessment of the creditworthiness and financial viability of these financial institutions. Further, our cash equivalents may expose us to credit risk; however, we believe this risk is limited, as the investments are backed by the full faith and credit of the United States government.",
"Restricted Cash",
"Restricted cash primarily consists of interest-bearing escrow accounts that are required under the terms of the contracts with our Bank Partners. Restricted cash is typically comprised of three components: (i) amounts we have escrowed with Bank Partners as limited protection to the Bank Partners in the event of excess Bank Partner portfolio credit losses; (ii) additional amounts we maintain for certain Bank Partners based on a contractual percentage of the total interest billed on outstanding deferred interest loans that are within the promotional period less previous finance charge reversal (\"FCR\") settlements on such outstanding loans; and (iii) certain custodial intransit loan funding and consumer borrower payments that we are restricted from using for our operations. These custodial balances are not considered in our evaluation of restricted cash usage. As it relates to our restricted cash escrowed with Bank Partners, we record a liability for the amount of restricted cash we expect to be payable to our Bank Partners, which is accounted for as a financial guarantee. Refer to Note 14 for additional information.",
"The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the Consolidated Balance Sheets to the total included within the Consolidated Statements of Cash Flows as of the dates indicated."
] |
[
"Which years does the table provide?",
"What does Cash include?",
"What was the amount of restricted cash?",
"2017",
"What was its percentage change between 2017 and 2018?",
"How many years did Cash and cash equivalents and restricted cash in Consolidated Statements of Cash Flows exceed $400,000 thousand?",
"What was the change in Cash and cash equivalents between 2018 and 2019?"
] |
[
[
"2019",
"2018",
"2017"
],
[
"non-interest and interest-bearing demand deposit accounts with various financial institutions."
],
[
"Which year are you asking about?"
],
[
"129,224"
],
[
"20.03"
],
[
"2"
],
[
"-107630"
]
] |
[
[
"",
"",
"December 31, 2018",
"",
""
],
[
"(in thousands)",
"Level 1",
"Level 2",
"Level 3",
"Total"
],
[
"Cash equivalents",
"$10,155",
"$10,000",
"-",
"$20,155"
],
[
"Marketable securities:",
"",
"",
"",
""
],
[
"Municipal bonds",
"$—",
"$44,705",
"—",
"$44,705"
],
[
"Corporate bonds",
"—",
"$48,296",
"—",
"$48,296"
],
[
"Total marketable securities",
"$—",
"$93,001",
"—",
"$93,001"
],
[
"Investments in privately-held companies (1)",
"$—",
"—",
"$3,390",
"$3,390"
]
] |
[
"(1) Included in other long-term assets.",
"For certain other financial instruments, including accounts receivable, unbilled receivables, and accounts payable, the carrying value approximates fair value due to the relatively short maturity of these items."
] |
[
"Where are investments in privately-held companies classified under?",
"What are the respective Level 1 and Level 2 cash equivalents as at December 31, 2018?",
"What are the Level 2 bonds as at December 31, 2018?",
"The municipal and corporate bonds, respectively.",
"What is the value of Level 2 municipal bonds as a percentage of the total municipal bonds?",
"What is the value of municipal bonds as a percentage of the total marketable securities?",
"What is the value of Level 1 cash equivalents as a percentage of the total cash equivalents?"
] |
[
[
"Included in other long-term assets"
],
[
"$10,155",
"$10,000"
],
[
"What kind of bonds are you asking about?"
],
[
"$44,705",
"$48,296"
],
[
"100"
],
[
"48.07"
],
[
"50.38"
]
] |
[
[
"",
"",
"Fiscal Year Ended",
""
],
[
"",
"December 27, 2019 ",
"December 28, 2018 ",
"December 29, 2017"
],
[
"Net income per share:",
"",
"",
""
],
[
"Basic",
"$0.82",
"$0.71",
"$0.55"
],
[
"Diluted",
"$0.81",
"$0.70",
"$0.54"
],
[
"Weighted average common shares:",
"",
"",
""
],
[
"Basic",
"29,532,342",
"28,703,265",
"26,118,482"
],
[
"Diluted",
"30,073,338",
"29,678,919",
"27,424,526"
]
] |
[
"Note 3 – Net Income per Share",
"The following table sets forth the computation of basic and diluted earnings per share:"
] |
[
"What information does the table set forth?",
"Which year has the highest net income per share?",
"Basic",
"What is the average of its value from 2017-2019?",
"What is its value for fiscal years 2019, 2018 and 2017 respectively?",
"How about that of the net income per diluted share?",
"What is its change between 2018 and 2019?"
] |
[
[
"the computation of basic and diluted earnings per share"
],
[
"What kind of share are you asking about?"
],
[
"2019"
],
[
"0.69"
],
[
"$0.82",
"$0.71",
"$0.55"
],
[
"$0.81",
"$0.70",
"$0.54"
],
[
"0.11"
]
] |
[
[
"",
"2019",
"2018",
"2018-2019 Change"
],
[
"",
"",
"(in millions)",
""
],
[
"Semiconductor Test",
"$417.0",
"$397.6",
"$19.4"
],
[
"System Test",
"93.5",
"48.9",
"44.6"
],
[
"Wireless Test",
"35.6",
"29.1",
"6.5"
],
[
"Industrial Automation",
"(5.9)",
"7.7",
"(13.6)"
],
[
"Corporate and Other (1)",
"(14.4)",
"(15.4)",
"1.0"
],
[
"",
"$525.8",
"$467.8",
"$58.0"
]
] |
[
"Income (Loss) Before Income Taxes",
"(1) Included in Corporate and Other are the following: contingent consideration adjustments, investment impairment, pension and postretirement plans actuarial (gains) and losses, interest (income) and expense, net foreign exchange (gains) and losses, intercompany eliminations and acquisition related charges.",
"The increase in income before income taxes in Semiconductor Test from 2018 to 2019 was driven primarily by an increase in semiconductor tester sales for 5G infrastructure and image sensors, partially offset by a decrease in sales in the automotive and analog test segments. The increase in income before income taxes in System Test from 2018 to 2019 was primarily due to higher sales in Storage Test of 3.5” hard disk drive testers, higher sales in Defense/Aerospace test instrumentation and systems, and higher sales in Production Board Test from higher 5G demand. The increase in income before income taxes in Wireless Test from 2018 to 2019 was primarily due to higher demand for millimeter wave and cellular test products driven by new wireless standards and 5G partially offset by lower sales in connectivity test products and services. The decrease in income before income taxes in Industrial Automation from 2018 to 2019 was due primarily to higher sales and marketing, and engineering spending."
] |
[
"What is included in Corporate and Other?",
"What are the segments considered under income (loss) before income taxes in the table?",
"What was the increase in income before income taxes driven by?",
"Semiconductor Test.",
"In which year was the amount for Wireless Test the largest?",
"What was the percentage change in that segment in 2019 from 2018?",
"How about that in System Test?"
] |
[
[
"contingent consideration adjustments, investment impairment, pension and postretirement plans actuarial (gains) and losses, interest (income) and expense, net foreign exchange (gains) and losses, intercompany eliminations and acquisition related charges."
],
[
"Semiconductor Test",
"System Test",
"Wireless Test",
"Industrial Automation",
"Corporate and Other"
],
[
"Which segment are you asking about?"
],
[
"by an increase in semiconductor tester sales for 5G infrastructure and image sensors, partially offset by a decrease in sales in the automotive and analog test segments."
],
[
"2019"
],
[
"22.34"
],
[
"91.21"
]
] |
[
[
"",
"",
"Charged",
"",
"",
""
],
[
"",
"",
"(credited)",
"",
"",
""
],
[
"",
"Balance at",
"to costs",
"",
"",
"Balance at"
],
[
"",
"beginning",
"and",
"",
"",
"end of"
],
[
"",
"of year",
"expenses",
"Deductions",
"Other",
"year"
],
[
"Allowance for doubtful accounts:",
"",
"",
"",
"",
""
],
[
"Fiscal 2017",
"622",
"541",
"(201)",
"-",
"962"
],
[
"Fiscal 2018",
"962",
"685",
"(461)",
"-",
"1,186"
],
[
"Fiscal 2019",
"1,186",
"1,230",
"(660)",
"",
"1,756"
],
[
"Warranty reserve:",
"",
"",
"",
"",
""
],
[
"Fiscal 2017 (1)",
"1,892",
"1,305",
"(2,562)",
"5,883",
"6,518"
],
[
"Fiscal 2018",
"6,518",
"1,331",
"(2,115)",
"-",
"5,734"
],
[
"Fiscal 2019",
"5,734",
"1,126",
"(5,462)",
"",
"1,398"
],
[
"Deferred tax assets valuation allowance:",
"",
"",
"",
"",
""
],
[
"Fiscal 2017 (1)",
"1,618",
"1,391",
"-",
"3,578",
"6,587"
],
[
"Fiscal 2018 (2)",
"6,587",
"-",
"(4,835)",
"15,092",
"16,844"
],
[
"Fiscal 2019",
"16,844",
"799",
"(6,714)",
"-",
"10,929"
]
] |
[
"Valuation and Qualifying Accounts",
"Following is our schedule of valuation and qualifying accounts for the last three years (in thousands):",
"(1) Amounts under “Other” represent the reserves and valuation allowance assumed in acquisition of LoJack.\nThe warranty reserve is included in the Other Current Liabilities in the consolidated balance sheets.",
"(2) Amount under “Other” represents the valuation allowance previously netted against deferred tax assets of foreign net deferred tax assets not recorded on the balance sheet, which were disclosed narratively in the fiscal 2018 Form 10-K (see Note 12). Deferred tax assets and valuation allowances were grossed up by $15.1 million."
] |
[
"What do the amounts under \"Other\" represnet?",
"What was the allowance for doubtful accounts balance of fiscal year 2019?",
"Balance at the beginning of the year.",
"What was its change between fiscal year 2018 and 2019?",
"What was the warranty reserve balance at the beginning of fiscal year 2018?",
"What was its difference in the balance at the end of the year compared to the start of the year in fiscal year 2017?",
"What was the change in Other from Deferred tax assets valuation allowance?",
"Between Fiscal 2017 and 2018."
] |
[
[
"the reserves and valuation allowance assumed in acquisition of LoJack."
],
[
"What kind of balance are you asking about?"
],
[
"1,186"
],
[
"224"
],
[
"6,518"
],
[
"4626"
],
[
"Which period are you asking about?"
],
[
"11514"
]
] |
[
[
"€ million",
"30/9/2018",
"30/9/2019"
],
[
"Germany",
"71",
"81"
],
[
"Netherlands",
"584",
"671"
],
[
"United Kingdom",
"209",
"237"
],
[
"Belgium",
"50",
"52"
],
[
"Other countries",
"26",
"25"
],
[
"",
"940",
"1,066"
]
] |
[
"The plan assets of METRO are distributed between the following countries:",
"The above commitments are valued on the basis of actuarial calculations in accordance with relevant provisions of IAS 19. The basis for the measurement is the legal and economic circumstances prevailing in each country."
] |
[
"What is the basis for the measurements?",
"What is the valuation of the commitments in the table based on?",
"What are the countries in the table of which the plan assets of METRO are distributed in?",
"In which year was the amount larger?",
"Belgium",
"What was the change in the amount for Germany in FY2019 from FY2018?",
"What was this change in percentage?"
] |
[
[
"the legal and economic circumstances prevailing in each country"
],
[
"valued on the basis of actuarial calculations in accordance with relevant provisions of IAS 19"
],
[
"Germany",
"Netherlands",
"United Kingdom",
"Belgium",
"Other countries"
],
[
"Which country are you asking about?"
],
[
"2019"
],
[
"10"
],
[
"14.08"
]
] |
[
[
"",
"December 31,",
""
],
[
"",
"2019",
"2018"
],
[
"Cash and cash equivalents",
"$172,960",
"$172,704"
],
[
"Restricted cash included in other long-term assets",
"116",
"114"
],
[
"Total cash, cash equivalents and restricted cash reported on the Consolidated Statements of Cash Flows",
"$173,076",
"$172,818"
]
] |
[
"Restricted Cash",
"The following table provides a reconciliation of cash, cash equivalents and restricted cash reported on the Consolidated Balance Sheets to the amounts reported on the Consolidated Statements of Cash Flows (in thousands):",
"As of December 31, 2019 and 2018, restricted cash included a security deposit that is set aside in a bank account and cannot be withdrawn by the Company under the terms of a lease agreement. The restriction will end upon the expiration of the lease."
] |
[
"What does the table provide?",
"What does restricted cash include?",
"What is the amount spent on cash and cash equivalents in 2019 and 2018 respectively?",
"What was the percentage change in its amount from 2018 to 2019?",
"What was the change in Restricted cash included in other long-term assets in that period?",
"For how many years was the amount of total cash, cash equivalents and restricted cash reported on the Consolidated Statements of Cash Flows more than 150,000 thousand?"
] |
[
[
"a reconciliation of cash, cash equivalents and restricted cash reported on the Consolidated Balance Sheets to the amounts reported on the Consolidated Statements of Cash Flows"
],
[
"included a security deposit that is set aside in a bank account and cannot be withdrawn by the Company under the terms of a lease agreement"
],
[
"172,960",
"172,704"
],
[
"0.15"
],
[
"2"
],
[
"2"
]
] |
[
[
"",
"December 31,",
"December 31,"
],
[
"",
"2019",
"2018"
],
[
"Raw materials",
"$396",
"$246"
],
[
"Work-in-process",
"186",
"220"
],
[
"Finished goods",
"448",
"753"
],
[
"Ending inventory",
"$1,030",
"$1,219"
]
] |
[
"Inventory",
"Inventory is stated at the lower of cost and net realizable value, using the first-in, first-out (“FIFO”) valuation method. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Any adjustments to reduce the cost of inventories to their net realizable value are recognized in earnings in the current period.",
"Due to the low sell-through of our AirBar products, management has decided to fully reserve work-in-process for AirBar components, as well as AirBar related raw materials. Management has further decided to reserve for a portion of AirBar finished goods, depending on type of AirBar and in which location it is stored. The AirBar inventory reserve was $0.8 million and $1.0 million for the years ended December 31, 2019 and 2018, respectively.",
"In order to protect our manufacturing partners from losses in relation to AirBar production, we agreed to secure the value of the inventory with a bank guarantee. Since the sale of AirBars has been lower than expected, a major part of the inventory at the partner remained unused when the due date of the bank guarantee neared and Neonode therefore agreed that the partner should keep inventory for the production of 20,000 AirBars and the rest be purchased by us. The inventory value of these purchases has been fully reserved.",
"As of December 31, 2019, the Company’s inventory consists primarily of components that will be used in the manufacturing of our sensor modules. We segregate inventory for reporting purposes by raw materials, work-in-process, and finished goods.",
"Raw materials, work-in-process, and finished goods are as follows (in thousands):"
] |
[
"What kind of method is used to measure the inventory?",
"What is the net realizable value?",
"What did the company do to protect its manufacturing partners from losses concerning AirBar production?",
"What is the percentage change in the value of raw materials from 2018 to 2019?",
"What is the difference in ending inventory in that period?",
"What is the proportion of work-in-process and finished goods over ending inventory in 2018?"
] |
[
[
"the first-in, first-out (“FIFO”) valuation method"
],
[
"the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation"
],
[
"agreed to secure the value of the inventory with a bank guarantee"
],
[
"60.98"
],
[
"189"
],
[
"0.8"
]
] |
[
[
"",
"Years ended December31",
""
],
[
"(In millions of dollars, except tax rates)",
"2019",
"2018"
],
[
"Statutory income tax rate",
"26.7%",
"26.7%"
],
[
"Income before income tax expense",
"2,755",
"2,817"
],
[
"Computed income tax expense",
"736",
"752"
],
[
"Increase (decrease) in income tax expense resulting from:",
"",
""
],
[
"Non-deductible stock-based compensation",
"–",
"5"
],
[
"Non-deductible portion of equity losses",
"7",
"1"
],
[
"Income tax adjustment, legislative tax change",
"(23)",
"-"
],
[
"Non-taxable portion of capital gains",
"(2)",
"(9)"
],
[
"Other items",
"(6)",
"9"
],
[
"Total income tax expense",
"712",
"758"
],
[
"Effective income tax rate",
"25.8%",
"26.9%"
],
[
"Cash income taxes paid",
"400",
"370"
]
] |
[
"INCOME TAX EXPENSE",
"Below is a summary of the difference between income tax expense computed by applying the statutory income tax rate to income before income tax expense and the actual income tax expense for the year.",
"Our effective income tax rate this year was 25.8% compared to 26.9% for 2018. The effective income tax rate for 2019 was lower than the statutory tax rate primarily as a result of a reduction to the Alberta corporate income tax rate over a four-year period.",
"Cash income taxes paid increased this year primarily as a result of the timing of installment payments."
] |
[
"What was the tax rate in 2019?",
"Effective tax rate.",
"How about that in 2018?",
"What was the reason was decrease in this rate from 2019 to 2018?",
"What was the increase / (decrease) in Income before income tax expense in that period?",
"What was the average income tax expense?",
"Computed income tax expense.",
"What was the percentage increase / (decrease) in Total income tax expense from 2018 to 2019?"
] |
[
[
"What kind of tax rate are you asking about?"
],
[
"25.8%"
],
[
"26.9%"
],
[
"result of a reduction to the Alberta corporate income tax rate over a four-year period"
],
[
"-62"
],
[
"What kind of income tax expense are you asking about?"
],
[
"744"
],
[
"-6.07"
]
] |
[
[
"(in thousands of $)",
"2019",
"2018"
],
[
"Balances due (to)/from Golar Partners and its subsidiaries (iii)",
"(2,708)",
"4,091"
],
[
"Methane Princess lease security deposit movements (vii)",
"(2,253)",
"(2,835)"
],
[
"Total",
"(4,961)",
"1,256"
]
] |
[
"Receivables (payables): The balances with Golar Partners and subsidiaries as of December 31, 2019 and 2018 consisted of the following:",
"(iii) Interest income on short-term loan, balances due(to)/from Golar Partners and its subsidiaries - Receivables and payables with Golar Partners and its subsidiaries comprise primarily of unpaid management fees and expenses for management, advisory and administrative services, dividends in respect of the Hilli Common Units and other related party arrangements including the Hilli Disposal. In addition, certain receivables and payables arise when we pay an invoice on behalf of a related party and vice versa. Receivables and payables are generally settled quarterly in arrears. Balances owing to or due from Golar Partners and its subsidiaries are unsecured, interest-free and intended to be settled in the ordinary course of business. In November 2019, we loaned $15.0 million to Golar Partners, with interest of LIBOR plus 5.0%. The loan was fully repaid, including interest of $0.1 million, in December 2019.",
"(vii) Methane Princess lease security deposit movements - This represents net advances from Golar Partners since its IPO, which correspond with the net release of funds from the security deposits held relating to a lease for the Methane Princess. This is in connection with the Methane Princess tax lease indemnity provided to Golar Partners under the Omnibus Agreement. Accordingly, these amounts will be settled as part of the eventual termination of the Methane Princess lease."
] |
[
"What does Methane Princess lease security deposit movement represent?",
"How often are receivables and payables generally settled?",
"In which years was it recorded for?",
"Which year was the balances due (to)/from Golar Partners and its subsidiaries higher?",
"What was the change in Methane Princess lease security deposit movements between 2018 and 2019?",
"What was the percentage change in total in that period?"
] |
[
[
"Net advances from Golar Partners since its IPO, which correspond with the net release of funds from the security deposits held relating to a lease for the Methane Princess"
],
[
"Quarterly in arrears"
],
[
"2019",
"2018"
],
[
"2018"
],
[
"582"
],
[
"-494.98"
]
] |
[
[
"",
"Payments due by period",
"",
"",
"",
"",
"",
""
],
[
"(IN MILLIONS)",
"Total",
"2020",
"2021",
"2022",
"2023",
"2024",
"Thereafter"
],
[
"Finance lease obligations(a)",
"$162",
"$61",
"$42",
"$29",
"$15",
"$7",
"$8"
],
[
"Operating leases(b)",
"574",
"136",
"99",
"75",
"53",
"40",
"171"
],
[
"Other contractual obligations(c)",
"1,639",
"627",
"295",
"203",
"190",
"185",
"139"
],
[
"Long-term debt, including current portion(a)",
"8,164",
"854",
"702",
"2,399",
"3,710",
"—",
"499"
],
[
"Interest(d)",
"1,038",
"354",
"315",
"216",
"115",
"25",
"13"
],
[
"Pension fund obligations(e)",
"28",
"28",
"—",
"—",
"—",
"—",
"—"
],
[
"Total",
"$11,605",
"$2,060",
"$1,453",
"$2,922",
"$4,083",
"$257",
"$830"
]
] |
[
"Other Contractual Obligations",
"Our other contractual obligations include finance lease obligations (including interest portion), facility leases, leases of certain computer and other equipment, agreements to purchase data and telecommunication services, the payment of principal and interest on debt and pension fund obligations.",
"At December 31, 2019, the minimum annual payments under these agreements and other contracts that had initial or remaining non-cancelable terms in excess of one year are as listed in the following table. Due to the uncertainty with respect to the timing of future cash flows associated with our unrecognized tax positions at December 31, 2019, we are unable to make reasonably reliable estimates of the timing of any potential cash settlements with the respective taxing authorities. Therefore, $189 million in uncertain tax positions (which includes interest and penalties of $25 million) have been excluded from the contractual obligations table below. See Note 15 – “Income Taxes” – to the consolidated financial statements for a discussion on income taxes.",
"(a) Our short-term and long-term debt obligations are described in Note 12 – “Long-Term Debt and Other Financing Arrangements” and our short-term and long-term finance lease obligations are described in Note 5 “Leases”,– to our consolidated financial statements.",
"(b) Our operating lease obligations are described in Note 17 – “Commitments and Contingencies” – to our consolidated financial statements."
] |
[
"What do the other contractual obligations include?",
"What is the total amount of lease obligations?",
"Finance lease obligations.",
"What is the total amount of payments due?",
"What is the percentage of total pension fund obligations in that total amount?",
"What is the percentage constitution of amount of finance lease obligations due in 2024 among the total amount?",
"What is the difference between the total payment for operating leases and finance lease obligations?"
] |
[
[
"finance lease obligations (including interest portion), facility leases, leases of certain computer and other equipment, agreements to purchase data and telecommunication services, the payment of principal and interest on debt and pension fund obligations"
],
[
"What kind of lease obligations are you asking about?"
],
[
"$162"
],
[
"11,605"
],
[
"0.24"
],
[
"4.32"
],
[
"412"
]
] |
[
[
"",
"Amortized Cost",
"Unrealized Gains",
"Unrealized Losses",
"Fair Value"
],
[
"Current assets:",
"",
"",
"",
""
],
[
"Cash",
"$54,275",
"$—",
"$—",
"$54,275"
],
[
"Cash equivalents:",
"",
"",
"",
""
],
[
"Money market funds",
"129,321",
"—",
"—",
"129,321"
],
[
"Total cash equivalents",
"129,321",
"—",
"—",
"129,321"
],
[
"Total cash and cash equivalents",
"183,596",
"—",
"—",
"183,596"
],
[
"Short-term investments:",
"",
"",
"",
""
],
[
"Corporate bonds",
"58,115",
"—",
"(82)",
"58,033"
],
[
"US treasury securities",
"138,826",
"—",
"(100)",
"138,726"
],
[
"Commercial paper",
"7,973",
"—",
"—",
"7,973"
],
[
"Total short-term investments",
"204,914",
"—",
"(182)",
"204,732"
],
[
"Long-term investments:",
"",
"",
"",
""
],
[
"Strategic investments",
"1,250",
"—",
"—",
"1,250"
],
[
"Total long-term investments",
"$1,250",
"$—",
"$—",
"$1,250"
]
] |
[
"The following is a summary of investments, including those that meet the definition of a cash equivalent, as of December 31, 2018 (in thousands):",
"As of December 31, 2019, the Company’s investment in corporate bonds and US treasury securities had a weighted-average maturity date of approximately five months. Unrealized gains and losses on investments were not significant individually or in aggregate, and the Company does not believe the unrealized losses represent other-than-temporary impairments as of December 31, 2019."
] |
[
"As of December 31, 2019, how long was the weighted-average maturity date of the Company's investment in corporate bonds and US treasury securities?",
"What was the sum of amortized cost of these two investments?",
"What was the total amortized cost of corporate bonds?",
"How about that of money market funds?",
"What percentage of total fair value of cash and cash equivalents consists of cash?",
"What percentage of total unrealized losses for short-term investments consist of corporate bonds?"
] |
[
[
"approximately five months."
],
[
"196941"
],
[
"58,115"
],
[
"129,321"
],
[
"29.56"
],
[
"45.05"
]
] |
[
[
"",
"",
"Year Ended June 30,",
""
],
[
"",
"2019",
"2018",
"2017"
],
[
"Weighted–average fair value of options granted",
"$8.39",
"$7.58",
"$7.06"
],
[
"Weighted-average assumptions used:",
"",
"",
""
],
[
"Expected volatility",
"25.72%",
"26.95%",
"28.32%"
],
[
"Risk–free interest rate",
"2.57%",
"2.18%",
"1.46%"
],
[
"Expected dividend yield",
"1.54%",
"1.50%",
"1.43%"
],
[
"Expected life (in years)",
"4.44",
"4.38",
"4.51"
],
[
"Forfeiture rate (based on historical rates)",
"6%",
"6%",
"5%"
],
[
"Average exercise share price",
"$38.81",
"$34.60",
"$31.75"
],
[
"Derived service period (in years)*",
"N/A",
"N/A",
"1.79"
]
] |
[
"For the periods indicated, the weighted-average fair value of options and weighted-average assumptions were as follows:",
"*Options valued using Monte Carlo Valuation Method",
"As of June 30, 2019, the total compensation cost related to the unvested stock option awards not yet recognized was approximately $24.1 million, which will be recognized over a weighted-average period of approximately 3.0 years.",
"No cash was used by us to settle equity instruments granted under share-based compensation arrangements in any of the periods presented.",
"We have not capitalized any share-based compensation costs as part of the cost of an asset in any of the periods presented.",
"For the year ended June 30, 2019, cash in the amount of $35.6 million was received as the result of the exercise of options granted under share-based payment arrangements. The tax benefit realized by us during the year ended June 30, 2019 from the exercise of options eligible for a tax deduction was $2.9 million.",
"For the year ended June 30, 2018, cash in the amount of $54.4 million was received as the result of the exercise of options granted under share-based payment arrangements. The tax benefit realized by us during the year ended June 30, 2018 from the exercise of options eligible for a tax deduction was $1.5 million.",
"For the year ended June 30, 2017, cash in the amount of $20.8 million was received as the result of the exercise of options granted under share-based payment arrangements. The tax benefit realized by us during the year ended June 30, 2017 from the exercise of options eligible for a tax deduction was $2.2 million."
] |
[
"What does the table show?",
"How much was the tax benefit realised by the company?",
"During the year ended June 30, 2018.",
"What is its total amount for fiscal years 2017-2019?",
"How was the derived service period calculated?",
"What are the Fiscal years, sorted in ascending order of Risk–free interest rate?",
"What is the average annual expected dividend yield?"
] |
[
[
"weighted-average fair value of options and weighted-average assumptions"
],
[
"Which year are you asking about?"
],
[
"$1.5 million"
],
[
"6.6"
],
[
"using Monte Carlo Valuation Method"
],
[
"2017",
"2018",
"2019"
],
[
"1.49"
]
] |
[
[
"Category",
"Number of equity shares held",
"Percentage of holding"
],
[
"Promoters",
"2,702,450,947",
"72.0"
],
[
"Other Entities of the Promoter Group",
"1,091,053",
"-"
],
[
"Mutual Funds & UTI",
"93,357,668",
"2.5"
],
[
"Banks, Financial Institutions, States and Central Government",
"2,750,113",
"0.1"
],
[
"Insurance Companies",
"196,172,807",
"5.2"
],
[
"Foreign Institutional Investors and Foreign Portfolio Investors - Corporate",
"592,842,601",
"15.8"
],
[
"NRI's / OCB's / Foreign Nationals",
"4,854,682",
"0.1"
],
[
"Corporate Bodies / Trust",
"26,208,151",
"0.7"
],
[
"Indian Public & Others",
"130,744,399",
"3.6"
],
[
"Alternate Investment Fund",
"1,663,495",
"-"
],
[
"IEPF account",
"248,790",
"-"
],
[
"GRAND TOTAL",
"3,752,384,706",
"100.0"
],
[
"",
"",
""
],
[
"Name of the shareholder*",
"Number of equity shares held",
"Percentage of holding"
],
[
"1. Tata Sons Private Limited",
"2,702,450,947",
"72.0"
],
[
"2. Life Insurance Corporation of India",
"152,493,927",
"4.1"
],
[
"3. SBI Mutual Fund",
"21,680,561",
"0.6"
],
[
"4. First State Investments Icvc- Stewart Investors Asia Pacific Leaders Fund",
"19,248,438",
"0.5"
],
[
"5. Government of Singapore",
"18,028,475",
"0.5"
],
[
"6. Oppenheimer Developing Markets Fund",
"16,731,906",
"0.5"
],
[
"7. ICICI Prudential Life Insurance Company Ltd",
"16,139,316",
"0.4"
],
[
"8. Axis Mutual Fund Trustee Limited",
"15,244,614",
"0.4"
],
[
"9. Abu Dhabi Investment Authority",
"15,036,984",
"0.4"
],
[
"10. Vanguard Emerging Markets Stock Index Fund, A Series of Vanguard International Equity Index Funds",
"14,112,213",
"0.4"
]
] |
[
"b. Categories of equity shareholding as on March 31, 2019:",
"c. Top ten equity shareholders of the Company as on March 31, 2019:",
"* Shareholding is consolidated based on Permanent Account Number (PAN) of the shareholder."
] |
[
"Who is the majority shareholder? ",
"What percentage shareholding does it have?",
"How many equity shares does the Government of Singapore hold in the company?",
"What is the difference in percentage shareholding between Tata Sons Private Limited and Life Insurance Corporation of India?",
"What is the difference in number of equity shares held between ICICI Prudential Life Insurance and Axis Mutual Fund Trustee?",
"How about that between Promoters and Insurance Companies?"
] |
[
[
"Tata Sons Private Limited"
],
[
"72"
],
[
"18,028,475"
],
[
"67.9"
],
[
"894702"
],
[
"2506278140"
]
] |
[
[
"",
"March 31, 2019",
""
],
[
"",
"Number of shares",
"Weighted-Average Grant Date Fair Value per Share"
],
[
"Non-vested at March 31, 2018",
"358",
"$16.27"
],
[
"Granted",
"315",
"15.28"
],
[
"Vested",
"(172)",
"16.27"
],
[
"Cancelled and forfeited",
"(68)",
"16.27"
],
[
"Non-vested at March 31, 2019",
"433",
"$15.55"
]
] |
[
"13. Stock-Based Compensation:",
"Under the 2014 RSU Plan, we may grant restricted stock units of up to an aggregate of 3,000 units. Each unit converts to one share of the Company’s stock at the\ntime of vesting. The fair value of RSU awards is determined at the closing market price of the Company’s common stock at the date of grant. For the years ended March\n31, 2018 and 2019, there were 292 and 315 awards, respectively, granted from this plan. Restricted stock activity during the year ended 2019 is as follows:",
"Performance-based awards vest one year after the grant date. Service-based awards vest as to one-third annually with the requisite service periods beginning on\nthe grant date. Awards are amortized over their respective grade-vesting periods. The total unrecognized compensation costs related to unvested stock awards expected\nto be recognized over the vesting period, approximately three years, was $1,476 at March 31, 2019.",
"We have four fixed stock option plans. Under the 2004 Stock Option Plan, as amended, we may grant options to employees for the purchase of up to an aggregate\nof 10,000 shares of common stock. Under the 2004 Non-Employee Directors’ Stock Option Plan, as amended, we may grant options for the purchase of up to an\naggregate of 1,000 shares of common stock. No awards were made under these two plans after August 1, 2013. Under the 2014 Stock Option Plan, we can grant options\nto employees for the purchase of up to an aggregate of 10,000 shares of common stock. Under the 2014 Non-Employee Directors’ Stock Option Plan, as amended, we can\ngrant options to our directors for the purchase of up to an aggregate of 1,000 shares of common stock. Under all plans, the exercise price of each option shall not be less\nthan the market price of our stock on the date of grant and an option’s maximum term is 10 years. Options granted under the 2004 Stock Option Plan and the 2014 Stock\nOption Plan vest as to 25% annually and options granted under the 2004 Non-Employee Directors’ Stock Option Plan and the 2014 Non-Employee Director’s Stock\nOption Plan vest as to one-third annually. Requisite service periods related to all plans begin on the grant date. As of March 31, 2019, there were 12,447 shares of\ncommon stock available for future issuance under all of the plans, consisting of options available to be granted and options currently outstanding."
] |
[
"What is the number of nonvested shares at March 31, 2018 and 2019 respectively?",
"What is the percentage change between them?",
"What is the total unrecognised compensation costs related to unvested stock awards as a percentage of the value of nonvested shares at March 31, 2019? ",
"What is the number of options granted and vested respectively?",
"What is the weighted average grant date fair value per share at March 31, 2018 and 2019 respectively?",
"What is the percentage change between them?"
] |
[
[
"358",
"433"
],
[
"20.95"
],
[
"21.92"
],
[
"315",
"(172)"
],
[
"$16.27",
"$15.55"
],
[
"-4.43"
]
] |
[
[
"",
"",
"Years Ended December 31,",
""
],
[
"",
"2019",
"2018",
"2017"
],
[
"Balance at beginning of period",
"$11,274",
"$17,067",
"$18,176"
],
[
"Remediation expense",
"2,602",
"1,182",
"307"
],
[
"Remediation payments",
"(2,455)",
"(6,967)",
"(1,416)"
],
[
"Other activity (1)",
"23",
"(8)",
"—"
],
[
"Balance at end of the period",
"$11,444",
"$11,274",
"$17,067"
]
] |
[
"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)",
"NOTE 10 — Contingencies",
"Certain processes in the manufacture of our current and past products create by-products classified as hazardous waste. We have been notified by the U.S. Environmental Protection Agency, state environmental agencies, and in some cases, groups of potentially responsible parties, that we may be potentially liable for environmental contamination at several sites currently and formerly owned or operated by us. Two of those sites, Asheville, North Carolina and Mountain View, California, are designated National Priorities List sites under the U.S. Environmental Protection Agency’s Superfund program. We accrue a liability for probable remediation activities, claims and proceedings against us with respect to environmental matters if the amount can be reasonably estimated, and provide disclosures including the nature of a loss whenever it is probable or reasonably possible that a potentially material loss may have occurred but cannot be estimated. We record contingent loss accruals on an undiscounted basis.",
"A roll-forward of remediation reserves included in accrued expenses and other liabilities in the Consolidated Balance Sheets is comprised of the following:",
"(1) Other activity includes currency translation adjustments not recorded through remediation expense",
"Unrelated to the environmental claims described above, certain other legal claims are pending against us with respect to matters arising out of the ordinary conduct of our business.",
"We provide product warranties when we sell our products and accrue for estimated liabilities at the time of sale. Warranty estimates are forecasts based on the best available information and historical claims experience. We accrue for specific warranty claims if we believe that the facts of a specific claim make it probable that a liability in excess of our historical experience has been incurred, and provide disclosures for specific claims whenever it is reasonably possible that a material loss may be incurred which cannot be estimated. We have an outstanding warranty claim for which we have not yet determined the root cause of a product performance issue. Testing is ongoing. We are not able to quantify the potential impact on our operations, if any, because we have not yet determined the root cause.",
"We cannot provide assurance that the ultimate disposition of environmental, legal, and product warranty claims will not materially exceed the amount of our accrued losses and adversely impact our consolidated financial position, results of operations, or cash flows. Our accrued liabilities and disclosures will be adjusted accordingly if additional information becomes available in the future."
] |
[
"What did Other activity include?",
"Which years does the table provide information for A roll-forward of remediation reserves included in accrued expenses and other liabilities in the Consolidated Balance Sheets?",
"What were the Remediation payments?",
"2017",
"How many years did its amount exceed $1,000 thousand?",
"What was the change in Other activity between 2018 and 2019?",
"What was the percentage change in the Balance between 2018 and 2019?",
"The Balance at end of the period."
] |
[
[
"currency translation adjustments not recorded through remediation expense"
],
[
"2019",
"2018",
"2017"
],
[
"Which year are you asking about?"
],
[
"(1,416)"
],
[
"2"
],
[
"31"
],
[
"What kind of balance are you asking about?"
],
[
"1.51"
]
] |
[
[
"",
"",
"",
"Payments Due by Period",
"",
""
],
[
"",
"Total",
"Less than 1 Year",
"1-3 Years",
"4-5 Years",
"After 5 Years"
],
[
"",
"",
"",
"(in NT$ millions)$ millions)",
"",
""
],
[
"Long-term debt(1)",
"",
"",
"",
"",
""
],
[
"Unsecured bonds",
"39,940",
"20,660",
"10,590",
"8,690",
"—"
],
[
"Loans",
"51,058",
"18,316",
"19,632",
"13,098",
"12"
],
[
"Lease obligations(2)",
"7,128",
"741",
"1,414",
"1,181",
"3,792"
],
[
"Purchase obligations(3)",
"38,878",
"29,832",
"2,845",
"1,810",
"4,391"
],
[
"Other long-term obligations(4)",
"21,411",
"101",
"12,765",
"8,446",
"99"
],
[
"Total contractual cash obligations",
"158,415",
"69,650",
"47,246",
"33,225",
"8,294"
]
] |
[
"F. Tabular Disclosure of Contractual Obligations",
"The following table sets forth our contractual obligations and commitments with definitive payment terms on a consolidated basis which will require significant cash outlays in the future as of December 31, 2019.",
"(1) Assuming the domestic bonds are paid off upon maturity.",
"(2) Represents our obligations to make lease payments mainly to use machineries, equipment, office and land on which our fabs are located, primarily in the Hsinchu Science Park and the Tainan Science Park in Taiwan, Pasir Ris Wafer Fab Park in Singapore.",
"(3) Represents commitments for purchase of raw materials and construction contracts, intellectual properties and royalties payable under our technology license agreements. These commitments include the amounts which are not recorded on our balance sheet as of December 31, 2019.",
"(4) Represents the guarantee deposits and financial liability for the repurchase of other investors’ investment. The amounts of payments due under these agreements are determined based on fixed contract amounts."
] |
[
"What are the obligations to make lease payments?",
"What does Purchase obligations incorporate?",
"How about other long-term obligation?",
"What is average of loans?",
"For all period.",
"How about that of total contractual cash obligations?",
"What is the average obligation for the period Less than 1 Year and 1-3 Years?",
"Lease obligation."
] |
[
[
"obligations to make lease payments mainly to use machineries, equipment, office and land on which our fabs are located"
],
[
"Represents commitments for purchase of raw materials and construction contracts, intellectual properties and royalties payable under our technology license agreements."
],
[
"Represents the guarantee deposits and financial liability for the repurchase of other investors’ investment"
],
[
"Which period are you asking about?"
],
[
"12764.5"
],
[
"39603.75"
],
[
"What kind of obligation are you asking about?"
],
[
"1077.5"
]
] |
[
[
"",
"",
"Year Ended December 31,",
""
],
[
"",
"2019",
"2018",
"2017"
],
[
"Merchant fees",
"$361,755",
"$297,776",
"$234,548"
],
[
"Interchange fees",
"44,150",
"51,128",
"44,410"
],
[
"Transaction fees",
"405,905",
"348,904",
"278,958"
],
[
"Servicing fees(1)",
"123,697",
"65,597",
"46,575"
],
[
"Other(2)",
"44",
"172",
"354"
],
[
"Servicing and other",
"123,741",
"65,769",
"46,929"
],
[
"Total revenue",
"$529,646",
"$414,673",
"$325,887"
]
] |
[
"GreenSky, Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) (United States Dollars in thousands, except per share data, unless otherwise stated)",
"Disaggregated revenue",
"Revenue disaggregated by type of service was as follows for the periods presented:",
"(1) For the year ended December 31, 2019, includes a $30,459 change in fair value of our servicing asset primarily associated with increases to the contractually specified fixed servicing fees for certain Bank Partners. Refer to Note 3 for additional information.",
"(2) Other revenue includes miscellaneous revenue items that are individually immaterial. Other revenue is presented separately herein in order to clearly present merchant, interchange and servicing fees, which are more integral to our primary operations and better enable financial statement users to calculate metrics such as servicing and merchant fee yields.",
"No assets were recognized from the costs to obtain or fulfill a contract with a customer as of December 31,\n2019 and 2018. We recognized bad debt expense arising from our contracts with customers of $950, $1,294 and\n$817 during the years ended December 31, 2019, 2018 and 2017, respectively, which is recorded within general and\nadministrative expense in our Consolidated Statements of Operations."
] |
[
"What does other revenue include?",
"How much was the included change in fair value of the company's servicing asset included in its servicing fees?",
"Which years does the table provide information for Revenue disaggregated by type of service?",
"How many years did fees exceed $50,000 thousand?",
"Interchange fees.",
"What was the change in the transaction fees between 2017 and 2019?",
"What was the percentage change in the total revenue between 2018 and 2019?"
] |
[
[
"miscellaneous revenue items that are individually immaterial. Other revenue is presented separately herein in order to clearly present merchant, interchange and servicing fees"
],
[
"30,459"
],
[
"2019",
"2018",
"2017"
],
[
"What kind of fees are you asking about?"
],
[
"1"
],
[
"126947"
],
[
"27.73"
]
] |
[
[
"",
"Future Lease Commitments(1)",
"Purchase Obligations",
"Asset Retirement Obligations",
"Total"
],
[
"2021",
"$144",
"$168",
"$1",
"$313"
],
[
"2022",
"141",
"74",
"3",
"218"
],
[
"2023",
"127",
"13",
"2",
"142"
],
[
"2024",
"101",
"—",
"—",
"101"
],
[
"2025",
"77",
"—",
"2",
"79"
],
[
"Thereafter",
"612",
"—",
"5",
"617"
],
[
"Total",
"$1,202",
"$255",
"$13",
"$1,470"
]
] |
[
"Operating Leases and Other Contractual Commitments",
"VMware leases office facilities and equipment under various operating arrangements. VMware’s minimum future lease commitments and other contractual commitments at January 31, 2020 were as follows (table in millions):",
"(1) Amounts in the table above exclude legally binding minimum lease payments for leases signed but not yet commenced of $361 million, as well as expected sublease income.",
"The amount of the future lease commitments after fiscal 2025 is primarily for the ground leases on VMware’s Palo Alto, California headquarter facilities, which expire in fiscal 2047. As several of VMware’s operating leases are payable in foreign currencies, the operating lease payments may fluctuate in response to changes in the exchange rate between the U.S. dollar and the foreign currencies in which the commitments are payable."
] |
[
"What does the amount for future lease commitments exclude?",
"What was its change between 2021 and 2022?",
"What were the obligations in 2022?",
"Purchase Obligations.",
"What was its percentage change between 2022 and 2023?",
"What was the change in total contractual obligations between 2023 and 2022?",
"What were the Asset Retirement Obligations?",
"2023"
] |
[
[
"legally binding minimum lease payments for leases signed but not yet commenced of $361 million, as well as expected sublease income."
],
[
"-3"
],
[
"What kind of obligations are you asking about?"
],
[
"74"
],
[
"-82.43"
],
[
"-76"
],
[
"Which year are you asking about?"
],
[
"2"
]
] |
[
[
"Years ended August 31,",
"2019 (1)",
"2018 (2)",
"Change",
"Change in constant currency (3)",
"Foreign exchange impact (3)"
],
[
"(in thousands of dollars, except percentages)",
"$",
"$",
"%",
"%",
"$"
],
[
"Revenue",
"2,331,820",
"2,147,404",
"8.6",
"6.8",
"37,433"
],
[
"Operating Expenses",
"1,203,980",
"1,121,625",
"7.3",
"5.4",
"21,636"
],
[
"Management fees – Cogeco Inc.",
"19,900",
"18,961",
"5.0",
"5.0",
"-"
],
[
"Adjusted EBITDA",
"1,107,940",
"1,006,818",
"10.0",
"8.5",
"15,797"
],
[
"Adjusted EBITDA margin",
"47.5%",
"46.9%",
"",
"",
""
]
] |
[
"3.1 OPERATING RESULTS",
"(1) Fiscal 2019 average foreign exchange rate used for translation was 1.3255 USD/CDN.",
"(2) Fiscal 2018 was restated to comply with IFRS 15 and to reflect a change in accounting policy as well as to reclassify results from Cogeco Peer 1 as discontinued\noperations. For further details, please consult the \"Accounting policies\" and \"Discontinued operations\" sections.",
"(3) Fiscal 2019 actuals are translated at the average foreign exchange rate of fiscal 2018 which was 1.2773 USD/CDN."
] |
[
"What was the exchange rate in 2018?",
"How about 2019?",
"What was the adjusted EBITDA margin in that year?",
"What was the increase / (decrease) in the Adjusted EBITDA from 2018 to 2019?",
"How about that in revenue?",
"What was the average operating expenses in that period?"
] |
[
[
"1.2773 USD/CDN."
],
[
"1.3255 USD/CDN."
],
[
"47.5%"
],
[
"101122"
],
[
"184416"
],
[
"1162802.5"
]
] |
[
[
"",
"As of December 31, 2019",
"As of December 31, 2018"
],
[
"Unbilled receivables",
"$142.3",
"$126.1"
],
[
"Prepaid income tax",
"185.8",
"125.1"
],
[
"Value added tax and other consumption tax receivables",
"71.3",
"86.3"
],
[
"Prepaid assets",
"56.8",
"40.5"
],
[
"Prepaid operating ground leases",
"—",
"165.0"
],
[
"Other miscellaneous current assets",
"57.4",
"78.2"
],
[
"Prepaid and other current assets",
"$513.6",
"$621.2"
]
] |
[
"AMERICAN TOWER CORPORATION AND SUBSIDIARIES\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\n(Tabular amounts in millions, unless otherwise disclosed)",
"2. PREPAID AND OTHER CURRENT ASSETS",
"Prepaid and other current assets consisted of the following:",
"The reduction in Prepaid operating ground leases is a result of the reclassification of assets to the Right-of-use asset in connection with the Company’s adoption of the new lease accounting standard."
] |
[
"Why was there a reduction in prepaid operating ground leases?",
"What were the unbilled receivables in 2019?",
"What was its change between 2018 and 2019?",
"What was the Prepaid income tax in 2018?",
"What was the change in assets between 2018 and 2019?",
"Prepaid assets.",
"What was the percentage change in Prepaid and other current assets in that period?"
] |
[
[
"reclassification of assets to the Right-of-use asset in connection with the Company’s adoption of the new lease accounting standard."
],
[
"$142.3"
],
[
"16.2"
],
[
"125.1"
],
[
"What kind of assets are you asking about?"
],
[
"16.3"
],
[
"-17.32"
]
] |
[
[
"",
"As of June 30",
""
],
[
"",
"2019",
"2018"
],
[
"Fixed income",
"40%",
"40%"
],
[
"Equities",
"55%",
"55%"
],
[
"Other",
"5%",
"5%"
],
[
"Total",
"100%",
"100%"
]
] |
[
"The defined benefit pension plan utilizes various investment securities. Generally, investment securities are exposed to various risks, such as interest rate risks, credit risk, and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur and that such changes could materially affect the amounts reported.",
"The following table presents the Company’s target for the allocation of invested defined benefit pension plan assets at June 30, 2019 and June 30, 2018:"
] |
[
"What types of risks are investment securities exposed to?",
"Why is it possible that changes in the values of investment securities will occur?",
"What was the company's target for the allocation of fixed income at June 30, 2019?",
"Which pension plan assets had the highest allocation at that time?",
"What is the change in the allocation of equities from 2018 to 2019?",
"What was the proportion of equities to fixed income for 2018?"
] |
[
[
"Generally, investment securities are exposed to various risks, such as interest rate risks, credit risk, and overall market volatility."
],
[
"Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur"
],
[
"40%"
],
[
"Equities"
],
[
"0"
],
[
"137.5"
]
] |
[
[
"",
"Year Ended December 31,",
"",
"Change",
""
],
[
"",
"2019",
"2018",
"$",
"%"
],
[
"",
"",
"(dollars in thousands)",
"",
""
],
[
"Sales and marketing",
"$ 87,731",
"$ 69,608",
"$ 18,123",
"26.0%"
],
[
"% of revenue",
"44%",
"47%",
"",
""
]
] |
[
"Sales and Marketing Expense",
"Sales and marketing expense increased by $18.1 million in 2019 compared to 2018. The increase was primarily due to a $15.5 million increase in employee-related costs, which includes stock-based compensation, associated with our increased headcount from 286 employees as of December 31, 2018 to 345 employees as of December 31, 2019. The remaining increase was principally the result of a $1.2 million increase in trade show and advertising costs and a $1.0 million increase attributed to office related expenses to support the sales team."
] |
[
"What was increase in the cost in 2019?",
"The trade show and advertising cost.",
"How about the Sales and marketing expense?",
"What was its average amount for 2018 and 2019?",
"In which year was its amount less than 90,000 thousands?",
"What was the % of revenue in 2019 and 2018?",
"What is the change between them?"
] |
[
[
"What kind of cost are you asking about?"
],
[
"$1.2 million"
],
[
"$18.1 million"
],
[
"78669.5"
],
[
"2019",
"2018"
],
[
"44",
"47"
],
[
"-3"
]
] |
[
[
"Fees Billed to NortonLifeLock",
"FY19",
"FY18"
],
[
"Audit fees(1)",
"$12,464,329",
"$11,370,525"
],
[
"Audit related fees(2)",
"1,142,383",
"753,689"
],
[
"Tax fees(3)",
"161,685",
"469,449"
],
[
"All other fees(4)",
"0",
"311,000"
],
[
"Total fees",
"$13,768,398",
"$12,904,663"
]
] |
[
"Principal Accountant Fees and Services",
"We regularly review the services and fees from our independent registered public accounting firm, KPMG. These services and fees are also reviewed with the Audit Committee annually. In accordance with standard policy, KPMG periodically rotates the individuals who are responsible for our audit. Our Audit Committee has determined that the providing of certain non-audit services, as described below, is compatible with maintaining the independence of KPMG.",
"In addition to performing the audit of our consolidated financial statements, KPMG provided various other services during fiscal years 2019 and 2018. Our Audit Committee has determined that KPMG’s provisioning of these services, which are described below, does not impair KPMG’s independence from NortonLifeLock. The aggregate fees billed for fiscal years 2019 and 2018 for each of the following categories of services are as follows:",
"The categories in the above table have the definitions assigned under Item 9 of Schedule 14A promulgated under the Exchange Act, and these categories include in particular the following components:",
"(1) ‘‘Audit fees’’ include fees for audit services principally related to the year-end examination and the quarterly reviews of our consolidated financial statements, consultation on matters that arise during a review or audit, review of SEC filings, audit services performed in connection with our acquisitions and divestitures and statutory audit fees.",
"(2) ‘‘Audit related fees’’ include fees which are for assurance and related services other than those included in Audit fees.",
"(3) ‘‘Tax fees’’ include fees for tax compliance and advice.",
"(4) ‘‘All other fees’’ include fees for all other non-audit services, principally for services in relation to certain information technology audits.",
"An accounting firm other than KPMG performs supplemental internal audit services for NortonLifeLock. Another accounting firm provides the majority of NortonLifeLock’s outside tax services.."
] |
[
"What is the public accounting firm that the company engages?",
"What does fees include?",
"Tax fees.",
"What fiscal years are in the table?",
"What is the average total fees for FY18 and FY19?",
"What is the difference in its amount in these two years?",
"What is the percentage increase in Audit related fees in that period?"
] |
[
[
"KPMG"
],
[
"What kind of fees are you asking about?"
],
[
"fees for tax compliance and advice"
],
[
"FY19",
"FY18"
],
[
"13336530.5"
],
[
"863735"
],
[
"51.57"
]
] |
[
[
"",
"Fiscal Year",
""
],
[
"($ in millions)",
"2018",
"2017"
],
[
"Net sales",
"$2,157.7",
"$1,797.6"
],
[
"Less: surcharge revenue",
"365.4",
"239.2"
],
[
"Net sales excluding surcharge revenue",
"$1,792.3",
"$1,558.4"
],
[
"Operating income",
"$189.3",
"$121.5"
],
[
"Special items:",
"",
""
],
[
"Loss on divestiture of business",
"—",
"3.2"
],
[
"Adjusted operating income excluding special items",
"$189.3",
"$124.7"
],
[
"Operating margin",
"8.8%",
"6.8%"
],
[
"Adjusted operating margin excluding surcharge revenue and special items",
"10.6%",
"8.0%"
]
] |
[
"Operating Income",
"Our operating income in fiscal year 2018 increased to $189.3 million, or 8.8 percent of net sales as compared with $121.5 million, or 6.8 percent in net sales in fiscal year 2017. Excluding surcharge revenue and special items, adjusted operating margin was 10.6 percent for the fiscal year 2018 and 8.0 percent for fiscal year 2017. The increase in the operating margin reflects the stronger demand and improved product mix coupled with operating cost improvements partially offset by higher variable compensation expense compared to fiscal year 2017.",
"Operating income has been impacted by special items. The following presents our operating income and operating margin, in each case excluding the impact of surcharge on net sales and the loss on divestiture of business. We present and discuss these financial measures because management believes removing the impact of these items provides a more consistent and meaningful basis for comparing results of operations from period to period. See the section “Non-GAAP Financial Measures” below for further discussion of these financial measures."
] |
[
"What was operating income in 2018?",
"In which years was it calculated?",
"What was its change in 2018 from 2017?",
"What was this change in percentage?",
"What was its amount in 2017 as a percentage of net sales?",
"In which year was the operating margin larger?"
] |
[
[
"$189.3 million"
],
[
"2018",
"2017"
],
[
"67.8"
],
[
"55.8"
],
[
"6.8 percent"
],
[
"2018"
]
] |
[
[
"Weighted Average Company Performance Funding",
"",
"",
"",
"",
""
],
[
"Company Performance Metric",
"Target ($) (millions)",
"Threshold ($)(millions)",
"Actual ($) (millions)",
"Threshold Funding (%)",
"Funding (%)"
],
[
"Non-GAAP Operating Income",
"1,630",
"1,428",
"1,427(1)",
"40",
"0.0"
],
[
"Non-GAAP Revenue",
"4,943",
"4,760",
"4,804(2)",
"40",
"71.2"
],
[
"FY19 Funding",
".",
".",
".",
".",
"35.6"
]
] |
[
"FY19 EAIP Payout Results:",
"(1) Calculated in FY19 plan exchange rates and excludes stock-based compensation expense, charges related to the amortization of intangible assets, restructuring, separation, transition and other related expenses, contract liabilities fair value adjustment, acquisition-related costs and certain litigation settlement gains.",
"(2) Calculated in FY19 plan exchange rates and excludes contract liabilities fair value adjustment."
] |
[
"What is the FY19 Funding?",
"What are the units used for money in this table?",
"What is the Non-GAAP Revenue?",
"Target",
"What is the difference between this amount and Actual Non-GAAP Revenue?",
"How much is this difference in percentage?",
"What is the difference between Actual and Target for Non-GAAP Operating Income?"
] |
[
[
"35.6"
],
[
"millions"
],
[
"What kind of Non-GAAP Revenue are you asking about?"
],
[
"4,943"
],
[
"139"
],
[
"2.89"
],
[
"203"
]
] |
[
[
"All figures in USD ‘000 ",
"2019",
"2018"
],
[
"Fixture, Furniture and Equipment",
"65",
"128"
],
[
"Right of Use Asset*",
"1,412",
"-"
],
[
"Other ",
"57",
"83"
],
[
"Total as of December 31, ",
"1,534",
"211"
]
] |
[
"8. OTHER NON-CURRENT ASSETS",
"* relates to certain office lease contracts. Optional periods are not included in the calculation."
] |
[
"What does the Right of Use Asset refer to?",
"What are the respective values of the company's fixture, furniture and equipment in 2018 and 2019?",
"What is the change between them?",
"What are the respective values of the company's other non-current assets in 2018 and 2019?",
"What is the average of them?",
"What is the value of the other non-current assets as at December 31, 2018 as a percentage of the value of other non-current assets in 2019?"
] |
[
[
"relates to certain office lease contracts"
],
[
"128",
"65"
],
[
"63"
],
[
"83",
"57"
],
[
"70"
],
[
"145.61"
]
] |
[
[
"",
"Stock-Settled",
"",
"Cash-Settled",
""
],
[
"Share Units",
"Share Units (in Millions)",
"Weighted Average Grant-Date Fair Value",
"Share Units (in Millions)",
"Weighted Average Grant-Date Fair Value"
],
[
"Nonvested share units at May 27, 2018",
"1.78",
"$34.20",
"0.71",
"$34.58"
],
[
"Granted",
"0.89",
"$35.43",
"1.95",
"$36.37"
],
[
"Vested/Issued",
"(0.72)",
"$33.29",
"(1.64)",
"$35.55"
],
[
"Forfeited",
"(0.14)",
"$35.08",
"(0.05)",
"$36.07"
],
[
"Nonvested share units at May 26, 2019",
"1.81",
"$34.89",
"0.97",
"$36.20"
]
] |
[
"Share Unit Awards",
"In accordance with stockholder-approved equity incentive plans, we grant awards of restricted stock units and cash-settled restricted stock units (\"share units\") to employees and directors. These awards generally have requisite service periods of three years. Under each such award, stock or cash (as applicable) is issued without direct cost to the employee. We estimate the fair value of the share units based upon the market price of our stock at the date of grant. Certain share unit grants do not provide for the payment of dividend equivalents to the participant during the requisite service period (the \"vesting period\"). For those grants, the value of the grants is reduced by the net present value of the foregone dividend equivalent payments.",
"We recognize compensation expense for share unit awards on a straight-line basis over the requisite service period, accounting for forfeitures as they occur. All cash-settled restricted stock units are marked-to-market and presented within other current and noncurrent liabilities in our Consolidated Balance Sheets. The compensation expense for our stock-settled share unit awards totaled $23.9 million, $21.8 million, and $18.2 million for fiscal 2019, 2018, and 2017, respectively, including discontinued operations of $1.4 million for fiscal 2017. The tax benefit related to the stock-settled share unit award compensation expense for fiscal 2019, 2018, and 2017 was $6.0 million, $7.2 million, and $7.0 million, respectively. The compensation expense for our cash-settled share unit awards totaled $17.5 million, $5.8 million, and $20.9 million for fiscal 2019, 2018, and 2017, respectively, including discontinued operations of $2.6 million for fiscal 2017. The tax benefit related to the cash-settled share unit award compensation expense for fiscal 2019, 2018, and 2017 was $4.4 million, $1.9 million, and $8.0 million, respectively.",
"During the second quarter of fiscal 2019, in connection with the completion of the Pinnacle acquisition, we granted 2.0 million cash-settled share unit awards at a grant date fair value of $36.37 per share unit to Pinnacle employees in replacement of their unvested restricted share unit awards that were outstanding as of the closing date. Included in the compensation expense described above for fiscal 2019 is expense of $18.9 million for accelerated vesting of awards related to Pinnacle integration restructuring activities, net of the impact of marking-to-market these awards based on a lower market price of shares of Conagra Brands common stock. Approximately $36.3 million of the fair value of the replacement share unit awards granted to Pinnacle employees was attributable to pre-combination service and was included in the purchase price and established as a liability. Included in the expense for cash-settled share unit awards above is income of $6.7 million related to the mark-to-market of this liability. As of May 26, 2019, our liability for the replacement awards was $15.9 million, which includes post-combination service expense, the mark-to-market of the liability, and the impact of payouts since completing the Pinnacle acquisition. Post-combination expense of approximately $3.9 million, based on the market price of shares of Conagra Brands common stock as of May 26, 2019, is expected to be recognized related to the replacement awards over the remaining post-combination service period of approximately two years.",
"The following table summarizes the nonvested share units as of May 26, 2019 and changes during the fiscal year then ended:",
"During fiscal 2019, 2018, and 2017, we granted 0.9 million, 0.9 million, and 0.6 million stock-settled share units, respectively, with a weighted average grant date fair value of $35.43, $34.16, and $46.79 per share unit, respectively. During fiscal 2017, we granted 0.4 million cash-settled share units with a weighted average grant date fair value of $48.07 per share unit. No cash-settled share unit awards were granted in fiscal 2018.",
"The total intrinsic value of stock-settled share units vested was $24.6 million, $18.5 million, and $27.0 million during fiscal 2019, 2018, and 2017, respectively. The total intrinsic value of cash-settled share units vested was $50.5 million, $14.2 million, and $24.0 million during fiscal 2019, 2018, and 2017, respectively.",
"At May 26, 2019, we had $25.2 million and $4.2 million of total unrecognized compensation expense that will be recognized over a weighted average period of 1.9 years and 1.5 years, related to stock-settled share unit awards and cash-settled share unit awards, respectively",
"Notes to Consolidated Financial Statements - (Continued) Fiscal Years Ended May 26, 2019, May 27, 2018, and May 28, 2017 (columnar dollars in millions except per share amounts)"
] |
[
"Who receives the grant awards of restricted stock units and cash-settled restricted stock units (\"share units\") according to stockholder-approved equity incentive plans?",
"How much were the compensation expenses for the company’s stock-settled share unit awards?",
"For fiscal 2017, 2018, and 2019, respectively.",
"How about the total intrinsic values of stock-settled share units during fiscal 2017 and 2018, respectively?",
"What is the ratio of the total price of stock-settled nonvested share units to the total intrinsic value of stock-settled share units vested during 2019?",
"What is the average total price of share units for either stock-settled or cash-settled, during that year ?",
"Granted share units/",
"What is the total price of nonvested share units?",
"2019"
] |
[
[
"employees and directors"
],
[
"Which year are you asking about?"
],
[
"$18.2 million",
"$21.8 million",
"$23.9 million"
],
[
"$27.0 million",
"$18.5 million"
],
[
"2.57"
],
[
"What kind of share units are you asking about?"
],
[
"51.23"
],
[
"Which year are you asking about?"
],
[
"98.26"
]
] |
[
[
"",
"",
"",
"(In Thousands, Except Per Share Data)",
"",
""
],
[
"",
"",
"",
"YEAR ENDED JUNE 30,",
"",
""
],
[
"Income Statement Data",
"2019",
"2018",
"2017",
"2016",
"2015"
],
[
"",
"",
"",
"",
"*Unadjusted",
"*Unadjusted"
],
[
"Revenue (1)",
"$1,552,691",
"$1,470,797",
"$1,388,290",
"$1,354,646",
"$1,256,190"
],
[
"Net Income",
"$271,885",
"$365,034",
"$229,561",
"$248,867",
"$211,221"
],
[
"Basic earnings per share",
"$3.52",
"$4.73",
"$2.95",
"$3.13",
"$2.60"
],
[
"Diluted earnings per share",
"$3.52",
"$4.70",
"$2.93",
"$3.12",
"$2.59"
],
[
"Dividends declared per share",
"$1.54",
"$1.36",
"$1.18",
"$1.06",
"$0.94"
],
[
"Balance Sheet Data",
"",
"",
"",
"",
""
],
[
"Total deferred revenue",
"$394,306",
"$369,915",
"$368,151",
"$521,054",
"$531,987"
],
[
"Total assets",
"$2,184,829",
"$2,033,058",
"$1,868,199",
"$1,815,512",
"$1,836,835"
],
[
"Long-term debt",
"$—",
"$—",
"$50,000",
"$—",
"$50,102"
],
[
"Stockholders’ equity",
"$1,429,013",
"$1,322,844",
"$1,099,693",
"$996,210",
"$991,534"
]
] |
[
"SELECTED FINANCIAL DATA",
"The following data should be read in conjunction with the consolidated financial statements and accompanying notes included elsewhere in the Annual Report on Form 10-K. Fiscal 2018 and 2017 have been recast to reflect the Company’s retrospective adoption of Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers, and related amendments, collectively referred to as Accounting Standards Codification (“ASC”) 606. Fiscal 2016 and 2015 were not recast. Net income for fiscal 2018 and 2019 has been impacted by the reduced U.S. corporate tax rate enacted by the Tax Cuts and Jobs Act (“TCJA”) of 2017, and fiscal 2018 net income contains the related adjustment for the re-measurement of deferred taxes. Acquisitions have affected revenue and net income in fiscal 2019 as well as the historical periods presented.",
"(1) Revenue includes license sales, support and service revenues, and hardware sales, less returns and allowances."
] |
[
"Which financial years' information is shown in the table?",
"What is the net income for these years in chronological order?",
"How about the revenue?",
"What is its average amount for 2017 and 2018?",
"How about that for 2018 and 2019?",
"What is the change between these two average amount?"
] |
[
[
"2015",
"2016",
"2017",
"2018",
"2019"
],
[
"$211,221",
"$248,867",
"$229,561",
"$365,034",
"$271,885"
],
[
"$1,256,190",
"$1,354,646",
"$1,388,290",
"$1,470,797",
"$1,552,691"
],
[
"1429543.5"
],
[
"1511744"
],
[
"82200.5"
]
] |
[
[
"(In thousands)",
"Classification",
"December 31, 2019",
"January 1, 2019 (1)"
],
[
"Assets",
"",
"",
""
],
[
"Right of use lease assets",
"Other Assets",
"$8,452",
"$10,322"
],
[
"Total lease asset",
"",
"$8,452",
"$10,322"
],
[
"Liabilities",
"",
"",
""
],
[
"Current lease liability",
"Accrued expenses",
"$2,676",
"$2,948"
],
[
"Non-current lease liability",
"Other non-current liabilities",
"5,818",
"7,374"
],
[
"Total lease liability",
"",
"$8,494",
"$10,322"
]
] |
[
"Note 9 – Leases",
"We have operating leases for office space, automobiles and various other equipment in the U.S. and in certain international locations. We also reviewed other contracts, such as manufacturing agreements and service agreements, for potential embedded leases. We specifically reviewed these other contracts to determine whether we have the right to substantially all of the economic benefit from the use of any specified assets or the right to direct the use of any specified assets, either of which would indicate the existence of a lease.",
"As of December 31, 2019, our operating leases had remaining lease terms of one month to six years, some of which included options to extend the leases for up to nine years, and some of which included options to terminate the leases within three months. For those leases that are reasonably assured to be renewed, we have included the option to extend as part of our right of use asset and lease liability. Leases with an initial term of 12 months or less were not recorded on the balance sheet and lease expense for these leases is recognized on a straight-line basis over the lease term. Lease expense related to these short-term leases was $0.4 million for the twelve months ended December 31, 2019, and is included in cost of sales, selling, general and administrative expenses and research and development expenses in the Consolidated Statements of Income. Lease expense related to variable lease payments that do not depend on an index or rate, such as real estate taxes and insurance reimbursements, was $0.9 million for the twelve months ended December 31, 2019. For lease agreements entered into or reassessed after the adoption of Topic 842, we elected to not separate lease and nonlease components. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.",
"Supplemental balance sheet information related to operating leases is as follows:",
"(1) Reflects the adoption of the new lease accounting standard on January 1, 2019."
] |
[
"What types of operating leases does the company have in the U.S. and in certain international locations?",
"What was the right of use lease assets in December 2019?",
"How about the current lease liability?",
"What was its change between January and December?",
"How about that in total lease asset?",
"What was the percentage change in lease liability between January and December?",
"Total lease liability."
] |
[
[
"office space, automobiles and various other equipment"
],
[
"$8,452"
],
[
"$2,676"
],
[
"-272"
],
[
"-1870"
],
[
"What kind of lease liability are you asking about?"
],
[
"-17.71"
]
] |
[
[
"",
"2019 €m",
"2018 €m"
],
[
"Cash at bank and in hand",
"2,434",
"2,197"
],
[
"Repurchase agreements and bank deposits",
"2,196",
"–"
],
[
"Money market funds",
"9,007",
"2,477"
],
[
"Managed investment funds",
"6,405",
"3,891"
],
[
"Government securities",
"3,011",
"1,974"
],
[
"Other investments",
"4,418",
"6,087"
],
[
"Derivative financial instruments",
"3,634",
"2,629"
],
[
"Trade receivables",
"5,077",
"5,402"
],
[
"Contract assets and other receivables",
"5,155",
"3,410"
],
[
"",
"41,337",
"28,067"
]
] |
[
"Financial risk management",
"The Group’s treasury function centrally manages the Group’s funding requirement, net foreign exchange exposure, interest rate management exposures and counterparty risk arising from investments and derivatives.",
"Treasury operations are conducted within a framework of policies and guidelines authorised and reviewed by the Board, most recently in July 2018",
"A treasury risk committee comprising of the Group’s Chief Financial Officer, Group General Counsel and Company Secretary, Group Financial Controller, Group Treasury Director and Group Director of Financial Controlling and Operations meets three times a year to review treasury activities and its members receive management information relating to treasury activities on a quarterly basis. The Group’s accounting function, which does not report to the Group Treasury Director, provides regular update reports of treasury activity to the Board. The Group’s internal auditor reviews the internal control environment regularly.",
"The Group uses a number of derivative instruments for currency and interest rate risk management purposes only that are transacted by specialist treasury personnel. The Group mitigates banking sector credit risk by the use of collateral support agreements.",
"Credit risk",
"Credit risk is the risk that a counterparty will not meet its obligations under a financial asset leading to a financial loss for the Group. The Group is exposed to credit risk from its operating activities and from its financing activities, the Group considers its maximum exposure to credit risk at 31 March to be:",
"Expected credit loss",
"The Group has financial assets classified and measured at amortised cost and fair value through other comprehensive income that are subject to the expected credit loss model requirements of IFRS 9. Cash at bank and in hand and certain other investments are both classified and measured at amortised cost and subject to these impairment requirements. However, the identified expected credit loss is considered to be immaterial.",
"Information about expected credit losses for trade receivables and contract assets can be found under “operating activities” on page 164."
] |
[
"Which financial years' information is shown in the table?",
"How much is 2019 cash at bank and in hand ?",
"How about 2018?",
"Between 2018 and 2019, which year had a greater amount of funds?",
"Money market funds.",
"How about managed investment funds?",
"How about government securities?"
] |
[
[
"2018",
"2019"
],
[
"2,434"
],
[
"2,197"
],
[
"What kind of funds are you asking about?"
],
[
"2019"
],
[
"2019"
],
[
"2019"
]
] |
[
[
"",
"Depreciable Lives",
"As of December 31",
""
],
[
"",
"",
"2019",
"2018"
],
[
"",
"",
"(Dollars in millions)",
""
],
[
"Land",
"N/A",
"$867",
"871"
],
[
"Fiber, conduit and other outside plant(1)",
"15-45 years",
"24,666",
"23,936"
],
[
"Central office and other network electronics(2)",
"3-10 years",
"19,608",
"18,736"
],
[
"Support assets(3)",
"3-30 years",
"7,984",
"8,020"
],
[
"Construction in progress(4)",
"N/A",
"2,300",
"1,704"
],
[
"Gross property, plant and equipment",
"",
"55,425",
"53,267"
],
[
"Accumulated depreciation",
"",
"(29,346)",
"(26,859)"
],
[
"Net property, plant and equipment",
"",
"$26,079",
"26,408"
]
] |
[
"(9) Property, Plant and Equipment",
"Net property, plant and equipment is composed of the following:",
"(1) Fiber, conduit and other outside plant consists of fiber and metallic cable, conduit, poles and other supporting structures.",
"2) Central office and other network electronics consists of circuit and packet switches, routers, transmission electronics and electronics providing service to customers.",
"(3) Support assets consist of buildings, cable landing stations, data centers, computers and other administrative and support equipment.",
"(4) Construction in progress includes inventory held for construction and property of the aforementioned categories that has not been placed in service as it is still under construction.",
"We recorded depreciation expense of $3.1 billion, $3.3 billion and $2.7 billion for the years ended December 31, 2019, 2018 and 2017, respectively."
] |
[
"In which years was the depreciation expense recorded?",
"In which year was its amount the largest?",
"What does 'Fiber, conduit and other outside plant' consist of?",
"How about 'Support assets'?",
"What is the change in the construction in progress in 2019?",
"What is the average property, plant and equipment?",
"Net property, plant and equipment."
] |
[
[
"2019",
"2018",
"2017"
],
[
"2018"
],
[
"fiber and metallic cable, conduit, poles and other supporting structures"
],
[
"buildings, cable landing stations, data centers, computers and other administrative and support equipment."
],
[
"596"
],
[
"What kind of property, plant and equipment are you asking about?"
],
[
"26243.5"
]
] |
[
[
"",
"",
"Fiscal years ending June 30,",
""
],
[
"",
"CDT",
"GXS GER",
"GXS PHP"
],
[
"2020",
"$675",
"$1,012",
"$161"
],
[
"2021",
"758",
"1,011",
"153"
],
[
"2022",
"832",
"1,044",
"352"
],
[
"2023",
"933",
"1,043",
"208"
],
[
"2024",
"1,041",
"1,050",
"272"
],
[
"2025 to 2028",
"6,009",
"5,308",
"2,389"
],
[
"Total",
"$10,248",
"$10,468",
"$3,535"
]
] |
[
"Pensions",
"As of June 30, 2019, our total unfunded pension plan obligations were $77.5 million, of which $2.3 million is payable within the next twelve months. We expect to be able to make the long-term and short-term payments related to these obligations in the normal course of operations.",
"Our anticipated payments under our most significant plans for the fiscal years indicated below are as follows:",
"For a detailed discussion on pensions, see note 11 \"Pension Plans and Other Post Retirement Benefits\" to our Consolidated Financial Statements."
] |
[
"What does the table show?",
"Where is a detailed discussion on pensions found?",
"What is the Total CDT for all years?",
"What is the CDT of Fiscal year 2020 expressed as a percentage of it?",
"What is the total anticipated payments for all plans till fiscal year 2028?",
"What is the average annual payment for GXS PHP?",
"For fiscal year 2020 to 2024."
] |
[
[
"anticipated payments under our most significant plans for the fiscal years"
],
[
"note 11 \"Pension Plans and Other Post Retirement Benefits\" to our Consolidated Financial Statements"
],
[
"10,248"
],
[
"6.59"
],
[
"24251"
],
[
"Which period are you asking about?"
],
[
"229.2"
]
] |
[
[
"",
"2019",
"2018"
],
[
"",
"$M",
"$M"
],
[
"Current",
"",
""
],
[
"Derivatives",
"45",
"53"
],
[
"Total current other financial assets",
"45",
"53"
],
[
"Non‑current",
"",
""
],
[
"Derivatives",
"501",
"366"
],
[
"Listed equity securities",
"91",
"96"
],
[
"Investments in associates",
"59",
"57"
],
[
"Loans provided to related parties",
"41",
"3"
],
[
"Total non‑current other financial assets",
"692",
"522"
],
[
"Total other financial assets",
"737",
"575"
],
[
"Current",
"",
""
],
[
"Derivatives",
"58",
"50"
],
[
"Total current other financial liabilities",
"58",
"50"
],
[
"Non‑current",
"",
""
],
[
"Derivatives",
"24",
"61"
],
[
"Total non‑current other financial liabilities",
"24",
"61"
],
[
"Total other financial liabilities",
"82",
"111"
]
] |
[
"Other financial assets and liabilities consists of derivatives, the Group’s holdings in listed and unlisted investments, and loans provided to related parties.",
"The Group’s investments in listed equity securities are designated as financial assets at fair value through other comprehensive income. Investments are initially measured at fair value net of transaction costs and, in subsequent periods, are measured at fair value with any change recognised in other comprehensive income. Upon disposal, the cumulative gain or loss recognised in other comprehensive income is transferred to retained earnings.",
"Associates are those entities in which the Group has significant influence but not control or joint control over the financial and operating policies. Investments in associates are initially recognised at cost including transaction costs and are accounted for using the equity method by including the Group’s share of profit or loss and other comprehensive income of associates in the carrying amount of the investment until the date on which significant influence ceases. Dividends received reduce the carrying amount of the investment in associates."
] |
[
"What is the unit used in the table?",
"What are associates?",
"What is the total other financial assets in 2019?",
"What is the increase in it from 2018 to 2019?",
"What is the average of the total other financial liabilities for that period?",
"What is the percentage constitution of derivatives in the total other financial liabilities in 2019?",
"Current derivatives."
] |
[
[
"$M"
],
[
"Associates are those entities in which the Group has significant influence but not control or joint control over the financial and operating policies."
],
[
"737"
],
[
"162"
],
[
"96.5"
],
[
"What kind of derivatives are you asking about?"
],
[
"70.73"
]
] |
[
[
"Fiscal 2019",
"First Quarter",
"Second Quarter",
"Third Quarter",
"Fourth Quarter",
"Total"
],
[
"Net sales",
"$1,212.5",
"$1,432.5",
"$1,374.7",
"$1,329.8",
"$5,349.5"
],
[
"Gross profit",
"$642.0",
"$689.3",
"$779.6",
"$820.5",
"$2,931.3"
],
[
"Operating income",
"$132.3",
"$102.7",
"$194.7",
"$284.6",
"$714.3"
],
[
"Net income from continuing operations",
"$35.7",
"$96.3",
"$49.2",
"$174.7",
"$355.9"
],
[
"Diluted net income per common share",
"$0.14",
"$0.38",
"$0.20",
"$0.70",
"$1.42"
]
] |
[
"Note 21. Quarterly Results (Unaudited)",
"The following table presents the Company's selected unaudited quarterly operating results for the eight quarters ended March 31, 2019. The Company believes that all adjustments of a normal recurring nature have been made to present fairly the related quarterly results (in millions, except per share amounts). Amounts may not add to the total due to rounding:",
"Refer to Note 11, Income Taxes, for an explanation of the one-time transition tax recognized in the third quarter of fiscal 2018. Refer to Note 4, Special Charges and Other, Net, for an explanation of the special charges included in operating income in fiscal 2019 and fiscal 2018. Refer to Note 12, Debt and Credit Facility, for an explanation of the loss on settlement of debt included in other (loss) income, net of $4.1 million during the second quarter, $0.2 million during the third quarter, and $8.3 million during the fourth quarter of fiscal 2019 and $13.8 million and $2.1 million for the first quarter and third quarter of fiscal 2018, respectively. Refer to Note 5, Investments, for an explanation of the impairment recognized on available-for-sale securities in the fourth quarter of fiscal 2018."
] |
[
"Why might amounts may not add to the total?",
"What was the total gross profit?",
"What was the difference between the total net sales and it?",
"What was the change in the gross profit?",
"Between the first and second quarter.",
"What was the operating income in the first quarter?",
"What was its percentage change between the third and fourth quarter?"
] |
[
[
"due to rounding"
],
[
"2,931.3"
],
[
"2418.2"
],
[
"Which period are you asking about?"
],
[
"47.3"
],
[
"132.3"
],
[
"46.17"
]
] |
[
[
"",
"December 31,",
""
],
[
"",
"2019",
"2018"
],
[
"Furniture",
"$2,907",
"$2,813"
],
[
"Leasehold improvements",
"4,902",
"4,171"
],
[
"Computer hardware",
"2,494",
"2,923"
],
[
"Software",
"20,126",
"8,344"
],
[
"Total property, equipment and software, at cost",
"30,429",
"18,251"
],
[
"Less: accumulated depreciation",
"(5,701)",
"(5,462)"
],
[
"Less: accumulated amortization",
"(6,419)",
"(2,557)"
],
[
"Total property, equipment and software, net",
"$18,309",
"$10,232"
]
] |
[
"GreenSky, Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) (United States Dollars in thousands, except per share data, unless otherwise stated)",
"Note 6. Property, Equipment and Software",
"Property, equipment and software were as follows as of the dates indicated."
] |
[
"Which years does the table show?",
"What was the amount of Furniture in 2018?",
"How about that of Computer hardware in 2019?",
"How many years did Leasehold improvements exceed $4,000 thousand?",
"What was the change in the amount of Software between 2018 and 2019?",
"What was the percentage change in the Total property, equipment and software in that period?",
"The net Total property, equipment and software."
] |
[
[
"2019",
"2018"
],
[
"2,813"
],
[
"2,494"
],
[
"2"
],
[
"11782"
],
[
"What kind of Total property, equipment and software are you asking about?"
],
[
"78.94"
]
] |
[
[
"",
"",
"Year Ended December 31,",
""
],
[
"",
"2019",
"2018",
"2017"
],
[
"Net income",
"$95,973",
"$127,980",
"$138,668"
],
[
"Change in financial guarantee liability(1)",
"16,215",
"—",
"—"
],
[
"Transaction expenses(2)",
"11,345",
"2,393",
"2,612"
],
[
"Non-recurring expenses(3)",
"2,804",
"—",
"—"
],
[
"Incremental pro forma tax expense(4)",
"(24,768)",
"(21,248)",
"(54,266)"
],
[
"Adjusted Pro Forma Net Income",
"$101,569",
"$109,125",
"$87,014"
]
] |
[
"ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (United States Dollars in thousands, except per share data and unless otherwise indicated)",
"In light of the anticipated material non-cash charges to be recorded in connection with our financial guarantee arrangements as required subsequent to the adoption and implementation of ASU 2016-13 (as discussed in Note 1 to the Notes to Consolidated Financial Statements in Item 8 within \"Accounting Standards Issued, But Not Yet Adopted – Measurement of credit losses on financial instruments\"), management is evaluating both the disclosure of additional non-GAAP financial measures and the modification of its historical computation of adjusted EBITDA commencing in 2020 to enhance the disclosure of indicators of our business performance over the long term and to provide additional useful information to users of our financial statements.",
"Further, we utilize Adjusted Pro Forma Net Income, which we define as consolidated net income, adjusted for (i) transaction and non-recurring expenses; (ii) for 2019, losses associated with the financial guarantee arrangement for a Bank Partner that did not renew its loan origination agreement; and (iii) incremental pro forma tax expense assuming all of our noncontrolling interests were subject to income taxation. Adjusted Pro Forma Net Income is a useful measure because it makes our results more directly comparable to public companies that have the vast majority of their earnings subject to corporate income taxation. Adjusted Pro Forma Net Income has limitations as an analytical tool and should not be considered in isolation from, or as a substitute for, the analysis of other GAAP financial measures, such as net income. Some of the limitations of Adjusted Pro Forma Net Income include:",
"• It makes assumptions about tax expense, which may differ from actual results; and • It is not a universally consistent calculation, which limits its usefulness as a comparative measure.",
"Management compensates for the inherent limitations associated with using the measure of Adjusted Pro Forma Net Income through disclosure of such limitations, presentation of our financial statements in accordance with GAAP and reconciliation of Adjusted Pro Forma Net Income to the most directly comparable GAAP measure, net income, as presented below.",
"(1) Includes losses recorded in the fourth quarter of 2019 associated with the financial guarantee arrangement for a Bank Partner that did not renew its loan origination agreement when it expired in November 2019. See Note 14 to the Notes to Consolidated Financial Statements included in Item 8 for additional discussion of our financial guarantee arrangements.",
"(2) For the year ended December 31, 2019, includes loss on remeasurement of our tax receivable agreement liability of $9.8 million and professional fees associated with our strategic alternatives review process of $1.5 million. For the year ended December 31, 2018, includes certain costs associated with our IPO, which were not deferrable against the proceeds of the IPO. Further, includes certain costs, such as legal and debt arrangement costs, related to our March 2018 term loan upsizing. For the year ended December 31, 2017, includes one-time fees paid to an affiliate of one of the members of the board of managers in conjunction with the August 2017 term loan transaction.",
"(3) For the year ended December 31, 2019, includes (i) legal fees associated with IPO related litigation of $2.0 million, (ii) one-time tax compliance fees related to filing the final tax return for the Former Corporate Investors associated with the Reorganization Transactions of $0.2 million, and (iii) lien filing expenses related to certain Bank Partner solar loans of $0.6 million.",
"(4) Represents the incremental tax effect on net income, adjusted for the items noted above, assuming that all consolidated net income was subject to corporate taxation for the periods presented. For the years ended December 31, 2019, 2018 and 2017, we assumed effective tax rates of 14.8%, 19.7% and 38.4%, respectively."
] |
[
"What does Incremental pro forma tax expense represent?",
"Which years does the table provide?",
"What was the Change in financial guarantee liability?",
"2019",
"What was the change in net income between 2017 and 2018?",
"What was the percentage change in expenses between 2018 and 2019?",
"Transaction expenses.",
"How many years did Adjusted Pro Forma Net Income exceed $100,000 thousand?"
] |
[
[
"the incremental tax effect on net income, adjusted for the items noted above, assuming that all consolidated net income was subject to corporate taxation for the periods presented."
],
[
"2019",
"2018",
"2017"
],
[
"Which year are you asking about?"
],
[
"16,215"
],
[
"-10688"
],
[
"Which expenses are you asking about?"
],
[
"374.09"
],
[
"2"
]
] |
[
[
"",
"2019",
"2018"
],
[
"Profit attributable to equity shareholders (£m)",
"166.6",
"223.1"
],
[
"Weighted average shares (million)",
"73.7",
"73.6"
],
[
"Dilution (million)",
"0.2",
"0.2"
],
[
"Diluted weighted average shares (million)",
"73.9",
"73.8"
],
[
"Basic earnings per share",
"226.2p",
"303.1p"
],
[
"Diluted earnings per share",
"225.5p",
"302.0p"
]
] |
[
"10 Earnings per share",
"Basic and diluted earnings per share calculated on an adjusted profit basis are included in Note 2.",
"The dilution is in respect of unexercised share options and the Performance Share Plan."
] |
[
"What are the types of earnings per share?",
"On what basis are they calculated on?",
"What is the dilution of earnings per share in respect of?",
"In which year was the weighted average shares larger?",
"What was the change in the profit attributable to equity shareholders from 2018 to 2019?",
"What was this change in percentage?"
] |
[
[
"Basic",
"Diluted"
],
[
"an adjusted profit basis"
],
[
"unexercised share options and the Performance Share Plan."
],
[
"2019"
],
[
"-56.5"
],
[
"-25.32"
]
] |
[
[
"",
"2019",
"2018"
],
[
"Cash flows provided by operating activities",
"$115.3",
"$66.8"
],
[
"Payments for property, plant and equipment",
"(90.6)",
"(62.8)"
],
[
"Free cash flow",
"24.7",
"4.0"
]
] |
[
"Free Cash Flow. We define free cash flow (\"FCF\"), a non-GAAP financial measure, as cash flow provided by operations less capital expenditures. FCF was$ 24.7 million for fiscal 2019 compared to $4.0 million for fiscal 2018, an increase of $20.7 million.",
"Non-GAAP financial measures, including FCF, are used for internal management assessments because such measures provide additional insight to investors into ongoing financial performance. In particular, we provide FCF because we believe it offers insight into the metrics that are driving management decisions. We view FCF as an important financial metric as it demonstrates our ability to generate cash and can allow us to pursue opportunities that enhance shareholder value. FCF is a non-GAAP financial measure that should be considered in addition to, not as a substitute for, measures of our financial performance prepared in accordance with GAAP.",
"A reconciliation of FCF to our financial statements that were prepared using GAAP follows (in millions):"
] |
[
"How was Free Cash Flow defined by the company?",
"Which years does the table provide information for it?",
"What was its amount in 2018?",
"What was its percentage change between 2018 and 2019?",
"What was the change in Payments for property, plant and equipment in that period?",
"How many years did cash flows provided by operating activities exceed $100 million?"
] |
[
[
"as cash flow provided by operations less capital expenditures"
],
[
"2019",
"2018"
],
[
"4.0"
],
[
"517.5"
],
[
"-27.8"
],
[
"1"
]
] |
[
[
"",
"FY19",
"FY18",
"Growth %",
"Growth %"
],
[
"",
"$m (Reported)",
"$m (Reported)",
"(Reported)",
"(CC)"
],
[
"Billings by Region:",
"",
"",
"",
""
],
[
"- Americas",
"267.8",
"270.0",
"(0.8)",
"(0.7)"
],
[
"- EMEA",
"395.3",
"395.1",
"0.1",
"0.9"
],
[
"- APJ",
"97.2",
"103.5",
"(6.1)",
"(2.8)"
],
[
"",
"760.3",
"768.6",
"(1.1)",
"(0.1)"
],
[
"Billings by Product:",
"",
"",
"",
""
],
[
"– Network",
"345.9",
"353.4",
"(2.1)",
"(1.1)"
],
[
"– Enduser",
"377.1",
"383.2",
"(1.6)",
"(0.7)"
],
[
"– Other",
"37.3",
"32.0",
"16.6",
"17.1"
],
[
"",
"760.3",
"768.6",
"(1.1)",
"(0.1)"
],
[
"Billings by Type:",
"",
"",
"",
""
],
[
"– Subscription",
"644.6",
"644.2",
"0.1",
"1.0"
],
[
"– Hardware",
"105.7",
"113.7",
"(7.0)",
"(6.1)"
],
[
"– Other",
"10.0",
"10.7",
"(6.5)",
"(4.6)"
],
[
"",
"760.3",
"768.6",
"(1.1)",
"(0.1)"
]
] |
[
"Billings",
"Group reported billings decreased by $8.3 million or 1.1 per cent to $760.3 million in the year-ended 31 March 2019. This represented a 0.1 per cent decrease on a constant currency (“CC”) basis.",
"Billings by region",
"Americas Billings attributable to the Americas decreased by $2.2 million to $267.8 million in the period, representing a 0.8 per cent reduction on a reported basis and 0.7 per cent on a constant currency basis; this decrease largely driven by a decline in Enduser products due to the stronger performance in the prior-year compare as a consequence of the impact of the WannaCry ransomware outbreak and the launch of Intercept X, the Group’s next-gen endpoint product, partially offset by an improved performance in UTM sales.",
"EMEA Billings attributable to EMEA increased by $0.2 million to $395.3 million in the period, representing 0.1 per cent growth on a reported basis and 0.9 per cent growth on a constant currency basis. An increase in sales of Server products being partially offset by a reduction in endpoint and email products.",
"APJ Billings attributable to APJ decreased by $6.3 million to $97.2 million in the period, representing 6.1 per cent on a reported basis and 2.8 per cent on a constant currency basis. As in the Americas, growth was negatively impacted by the stronger performance in the prior-year compare compounded by a legacy Network product transition in the first-half of the year partially offset by an improvement in sales of Server products."
] |
[
"What was the amount of Group reported billings in 2019?",
"What was its percentage change in 2019 from 2018?",
"How is the analysis of Billings broken down in the table?",
"What was the change in Other in 2019 from 2018 under Billings?",
"Billings by Product.",
"In which year was the amount of Billings larger?",
"What was its average amount in 2018 and 2019?"
] |
[
[
"$760.3 million"
],
[
"1.1 per cent"
],
[
"Billings by Region",
"Billings by Product",
"Billings by Type"
],
[
"What kind of Billings are you asking about?"
],
[
"5.3"
],
[
"FY18"
],
[
"764.45"
]
] |
[
[
"(In Millions)",
"Dec 28, 2019",
"Dec 29, 2018"
],
[
"Changes in projected benefit obligation:",
"",
""
],
[
"Beginning projected benefit obligation",
"$3,433",
"$3,842"
],
[
"Service cost",
"54",
"65"
],
[
"Interest cost",
"113",
"113"
],
[
"Actuarial (gain) loss",
"829",
"(204)"
],
[
"Currency exchange rate changes",
"(2)",
"(121)"
],
[
"Plan curtailments",
"—",
"(150)"
],
[
"Plan settlements",
"(57)",
"(74)"
],
[
"Other",
"(86)",
"(38)"
],
[
"Ending projected benefit obligation 1",
"4,284",
"3,433"
],
[
"Changes in fair value of plan assets:",
"",
""
],
[
"Beginning fair value of plan assets",
"2,551",
"2,287"
],
[
"Actual return on plan assets",
"193",
"(38)"
],
[
"Employer contributions",
"30",
"480"
],
[
"Currency exchange rate changes",
"3",
"(62)"
],
[
"Plan settlements",
"(57)",
"(74)"
],
[
"Other",
"(66)",
"(42)"
],
[
"Ending fair value of plan assets 2",
"2,654",
"2,551"
],
[
"Net funded status",
"$1,630",
"$882"
],
[
"Amounts recognized in the Consolidated Balance Sheets",
"",
""
],
[
"Other long-term assets",
"$—",
"$244"
],
[
"Other long-term liabilities",
"$1,630",
"$1,126"
],
[
"Accumulated other comprehensive loss (income), before tax 3",
"$1,730",
"$1,038"
]
] |
[
"BENEFIT OBLIGATION AND PLAN ASSETS FOR PENSION BENEFIT PLANS",
"The vested benefit obligation for a defined-benefit pension plan is the actuarial present value of the vested benefits to which the employee is currently entitled based on the employee’s expected date of separation or retirement.",
"1 The projected benefit obligation was approximately 35% in the U.S. and 65% outside of the U.S. as of December 28, 2019 and December 29, 2018.",
"2 The fair value of plan assets was approximately 55% in the U.S. and 45% outside of the U.S. as of December 28, 2019 and December 29, 2018.",
"3 The accumulated other comprehensive loss (income), before tax, was approximately 35% in the U.S. and 65% outside of the U.S. as of December 28, 2019 and December 29, 2018.",
"Changes in actuarial gains and losses in the projected benefit obligation are generally driven by discount rate movement. We use the corridor approach to amortize actuarial gains and losses. Under this approach, net actuarial gains or losses in excess of 10% of the larger of the projected benefit obligation or the fair value of plan assets are amortized on a straight-line basis."
] |
[
"What is the main driver of changes in actuarial gains and losses in the projected benefit obligation?",
"What approach was used to amortize actuarial gains and loses?",
"What is the projected benefit obligation for Dec 28, 2019?",
"Beginning projected benefit obligation.",
"How much is the ending projected benefit obligation outside of the US in 2018?",
"How much is the fair value of plan assets in the US in 2019?",
"Ending fair value.",
"How much is the percentage change of the Net funded status from 2018 to 2019?"
] |
[
[
"Discount rate movement"
],
[
"The corridor approach"
],
[
"What kind of projected benefit obligation are you asking about?"
],
[
"$3,433"
],
[
"2231.45"
],
[
"What kind of fair value are you asking about?"
],
[
"1459.7"
],
[
"84.81"
]
] |
[
[
"",
"2019",
"2018",
"$ CHANGE",
"% CHANGE"
],
[
"Debt due within one year",
"3,881",
"4,645",
"(764)",
"(16.4%)"
],
[
"Long-term debt",
"22,415",
"19,760",
"2,655",
"13.4%"
],
[
"Preferred shares (1)",
"2,002",
"2,002",
"–",
"–"
],
[
"Cash and cash equivalents",
"(145)",
"(425)",
"280",
"65.9%"
],
[
"Net debt",
"28,153",
"25,982",
"2,171",
"8.4%"
]
] |
[
"6.1 Net debt",
"(1) 50% of outstanding preferred shares of $4,004 million in 2019 and 2018 are classified as debt consistent with the treatment by some credit rating agencies.",
"The increase of $1,891 million in total debt, comprised of debt due within one year and long-term debt, was due to: • an increase in our lease liabilities of $2,304 million as a result of the adoption of IFRS 16 on January 1, 2019 • the issuance by Bell Canada of Series M-49 and Series M-50 MTN debentures with total principal amounts of $600 million and $550 million in Canadian dollars, respectively, and Series US-2 Notes with a total principal amount of $600 million in U.S. dollars ($808 million in Canadian dollars) • an increase in our securitized trade receivables of $131 million",
"Partly offset by: • the early redemption of Series M-27 MTN debentures and Series M-37 debentures with total principal amounts of $1 billion and $400 million, respectively • a decrease in our notes payable (net of issuances) of $1,073 million • a net decrease of $29 million in our lease liabilities and other debt",
"The decrease in cash and cash equivalents of $280 million was due mainly to: • $2,819 million of dividends paid on BCE common shares • $1,216 million of debt repayments (net of issuances) • $142 million paid for the purchase on the open market of BCE common shares for the settlement of share-based payments • $60 million acquisition and other costs paid",
"Partly offset by: • $3,818 million of free cash flow • $240 million issuance of common shares from the exercise of stock options"
] |
[
"What is the total debt comprised of?",
"What is the $ change in cash and cash equivalents?",
"How about that in debt?",
"Net debt.",
"What is its change in 2019?",
"What is the percentage of long-term debt over net debt in that year?",
"What is the Debt due within one year expressed as a ratio of Long-term debt for that year?"
] |
[
[
"debt due within one year and long-term debt"
],
[
"$280 million"
],
[
"What kind of debt are you asking about?"
],
[
"2,171"
],
[
"2171"
],
[
"79.62"
],
[
"0.17"
]
] |
[
[
"",
"Combined Pension Plan",
"Post-Retirement Benefit Plans",
"Medicare Part D Subsidy Receipts"
],
[
"",
"",
"(Dollars in millions)",
""
],
[
"Estimated future benefit payments:",
"",
"",
""
],
[
"2020",
"$971",
"242",
"(6)"
],
[
"2021",
"921",
"238",
"(6)"
],
[
"2022",
"893",
"232",
"(6)"
],
[
"2023",
"868",
"226",
"(5)"
],
[
"2024",
"842",
"219",
"(5)"
],
[
"2025-2029",
"3,813",
"986",
"(20)"
]
] |
[
"Expected Cash Flows",
"The Combined Pension Plan payments, post-retirement health care benefit payments and premiums, and life insurance premium payments are either distributed from plan assets or paid by us. The estimated benefit payments provided below are based on actuarial assumptions using the demographics of the employee and retiree populations and have been reduced by estimated participant contributions."
] |
[
"What assumptions are the estimated benefit payments based on?",
"Which payments are either distributed from plan assets or paid by the company?",
"What are the different periods highlighted in the table?",
"How many are they?",
"What is the change in plan in 2021 from 2020?",
"combined pension plan.",
"What is this change in percentage?"
] |
[
[
"actuarial assumptions using the demographics of the employee and retiree populations and have been reduced by estimated participant contributions"
],
[
"The Combined Pension Plan payments, post-retirement health care benefit payments and premiums, and life insurance premium payments"
],
[
"2020",
"2021",
"2022",
"2023",
"2024",
"2025-2029"
],
[
"6"
],
[
"What kind of plan are you asking about?"
],
[
"-50"
],
[
"-5.15"
]
] |
[
[
"",
"2019",
"2018"
],
[
"",
"€m",
"€m"
],
[
"Cost:",
"",
""
],
[
"1 April",
"91,905",
"91,902"
],
[
"Capital contributions arising from share-based payments",
"137",
"130"
],
[
"Contributions received in relation to share-based payments",
"(92)",
"(127)"
],
[
"31 March",
"91,950",
"91,905"
],
[
"Amounts provided for:",
"",
""
],
[
"1 April",
"8,177",
"7,911"
],
[
"Impairment losses",
"–",
"266"
],
[
"31 March",
"8,177",
"8,177"
],
[
"Net book value:",
"",
""
],
[
"31 March",
"83,773",
"83,728"
]
] |
[
"2. Fixed assets",
"Accounting policies",
"Shares in Group undertakings are stated at cost less any provision for impairment and capital related to share-based payments. Contributions in respect of share-based payments are recognised in line with the policy set out in note 7 “Share-based payments”.",
"The Company assesses investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable. If any such indication of impairment exists, the Company makes an estimate of the recoverable amount. If the recoverable amount of the cash-generating unit is less than the value of the investment, the investment is considered to be impaired and is written down to its recoverable amount. An impairment loss is recognised immediately in the income statement.",
"Shares in Group undertakings"
] |
[
"Which financial years' information is shown in the table?",
"Which financial items does the cost as at 31 March 2019 comprise of?",
"What is the net book value as of that time?",
"What is the average amount of it as of that time?",
"How about that of shares in Group undertakings?",
"What is the difference between these two average amount?"
] |
[
[
"2018",
"2019"
],
[
"1 April",
"Capital contributions arising from share-based payments",
"Contributions received in relation to share-based payments"
],
[
"83,773"
],
[
"83750.5"
],
[
"91927.5"
],
[
"8177"
]
] |
[
[
"$ million",
"2019",
"%",
"2018",
"%"
],
[
"Networks & Security",
"232.3",
"72.6",
"205.3",
"72.0"
],
[
"Lifecycle Service Assurance",
"88.6",
"79.7",
"87.9",
"77.9"
],
[
"Connected Devices",
"47.7",
"65.8",
"51.3",
"64.9"
],
[
"",
"368.6",
"73.2",
"344.5",
"72.2"
]
] |
[
"Gross margin",
"The Group achieved further gross margin expansion in 2019 with an increase of 1.0 percentage points, to 73.2 per cent from 72.2 per cent in 2018. This followed an increase of 0.7 percentage points last year. Once again, all the operating segments achieved an improvement in gross margin, benefiting from new product launches and a higher proportion of software sales."
] |
[
"Which operating segments in the table achieved an improvement in gross margin?",
"What was the gross margin in 2019?",
"How about 2018?",
"What was the change between them?",
"What was this change in percentage?",
"In which year was the amount of gross profit for Connected Devices larger?"
] |
[
[
"Networks & Security",
"Lifecycle Service Assurance",
"Connected Devices"
],
[
"368.6"
],
[
"344.5"
],
[
"24.1"
],
[
"7"
],
[
"2018"
]
] |
[
[
"",
"",
"May 31,"
],
[
"(in millions)",
"2019",
"2018"
],
[
"Deferred tax assets:",
"",
""
],
[
"Accruals and allowances",
"$541",
"$567"
],
[
"Employee compensation and benefits",
"646",
"664"
],
[
"Differences in timing of revenue recognition",
"322",
"338"
],
[
"Basis of property, plant and equipment and intangible assets",
"1,238",
"—"
],
[
"Tax credit and net operating loss carryforwards",
"3,717",
"2,614"
],
[
"Total deferred tax assets",
"6,464",
"4,183"
],
[
"Valuation allowance",
"(1,266)",
"(1,308)"
],
[
"Total deferred tax assets, net",
"5,198",
"2,875"
],
[
"Deferred tax liabilities:",
"",
""
],
[
"Unrealized gain on stock",
"(78)",
"(78)"
],
[
"Acquired intangible assets",
"(973)",
"(1,254)"
],
[
"GILTI deferred",
"(1,515)",
"—"
],
[
"Basis of property, plant and equipment and intangible assets",
"—",
"(158)"
],
[
"Other",
"(200)",
"(48)"
],
[
"Total deferred tax liabilities",
"(2,766)",
"(1,538)"
],
[
"Net deferred tax assets",
"$2,432",
"$1,337"
],
[
"recorded as:",
"",
""
],
[
"Non-current deferred tax assets",
"$2,696",
"$1,395"
],
[
"Non-current deferred tax liabilities (in other non-current liabilities)",
"(264)",
"(58)"
],
[
"Net deferred tax assets",
"$2,432",
"$1,337"
]
] |
[
"The components of our deferred tax assets and liabilities were as follows:",
"We provide for taxes on the undistributed earnings of foreign subsidiaries. We do not provide for taxes on other outside basis temporary differences of foreign subsidiaries as they are considered indefinitely reinvested outside the U.S. At May 31, 2019, the amount of temporary differences related to other outside basis temporary differences of investments in foreign subsidiaries upon which U.S. income taxes have not been provided was approximately $7.9 billion. If the other outside basis differences were recognized in a taxable transaction, they would generate foreign tax credits that would reduce the federal tax liability associated with the foreign dividend or the otherwise taxable transaction. At May 31, 2019, assuming a full utilization of the foreign tax credits, the potential net deferred tax liability associated with these other outside basis temporary differences would be approximately $1.5 billion.",
"Our net deferred tax assets were $2.4 billion and $1.3 billion as of May 31, 2019 and 2018, respectively. We believe that it is more likely than not that the net deferred tax assets will be realized in the foreseeable future. realization of our net deferred tax assets is dependent upon our generation of sufficient taxable income in future years in appropriate tax jurisdictions to obtain benefit from the reversal of temporary differences, net operating loss carryforwards and tax credit carryforwards. The amount of net deferred tax assets considered realizable is subject to adjustment in future periods if estimates of future taxable income change.",
"The valuation allowance was $1.3 billion at each of May 31, 2019 and 2018. Substantially all of the valuation allowances as of May 31, 2019 and 2018 related to tax assets established in purchase accounting and other tax credits. Any subsequent reduction of that portion of the valuation allowance and the recognition of the associated tax benefits associated with our acquisitions will be recorded to our provision for income taxes subsequent to our final determination of the valuation allowance or the conclusion of the measurement period (as defined above), whichever comes first."
] |
[
"Why does Oracle not provide for taxes on other outside basis temporary differences of foreign subsidiaries?",
"What were the valuation allowances for 2019 related to?",
"What are the accruals and allowances for 2019?",
"What is its total amount for 2019 and 2018?",
"How about that of the employee compensation?",
"What was the % change in the deferred tax assets from 2018 to 2019?",
"Net deferred tax assets"
] |
[
[
"We do not provide for taxes on other outside basis temporary differences of foreign subsidiaries as they are considered indefinitely reinvested outside the U.S."
],
[
"Substantially all of the valuation allowances as of May 31, 2019 and 2018 related to tax assets established in purchase accounting and other tax credits."
],
[
"$541"
],
[
"1108"
],
[
"1310"
],
[
"What kind of deferred tax assets are you asking about?"
],
[
"81.9"
]
] |
[
[
"Fee Category",
"2019 ($)",
"2018 ($)"
],
[
"Audit fees (1)",
"1,196,000",
"1,257,000"
],
[
"Audit-related fees (2)",
"0",
"15,000"
],
[
"Tax fees (3)",
"0",
"0"
],
[
"All other fees (4)",
"2,000",
"2,000"
],
[
"Total",
"1,198,000",
"1,274,000"
]
] |
[
"Fees Paid to our Independent Auditor",
"The following table sets forth the fees billed to us by Ernst & Young LLP for services in fiscal 2019 and 2018, all of which\nwere pre-approved by the Audit Committee.",
"(1) In accordance with the SEC’s definitions and rules, “audit fees” are fees that were billed to Systemax by Ernst & Young LLP for\nthe audit of our annual financial statements, to be included in the Form 10-K, and review of financial statements included in the\nForm 10-Qs; for the audit of our internal control over financial reporting with the objective of obtaining reasonable assurance about\nwhether effective internal control over financial reporting was maintained in all material respects; for the attestation of management’s\nreport on the effectiveness of internal control over financial reporting; and for services that are normally provided by the auditor\nin connection with statutory and regulatory filings or engagements.",
"(2) “Audit-related fees” are fees for assurance and related services that are reasonably related to the performance of the audit or\nreview of our financial statements and internal control over financial reporting, including services in connection with assisting\nSystemax in our compliance with our obligations under Section 404 of the Sarbanes-Oxley Act and related regulations.",
"(3) Ernst & Young LLP did not provide any professional services for tax compliance, planning or advice in 2019 or 2018.",
"(4) Consists of fees billed for other professional services rendered to Systemax."
] |
[
"What does \"all other fee\" refer to?",
"What are the fees incurred by the company in 2018 and 2019?",
"Audit fees.",
"What is the change between them?",
"What are the all other fees incurred by the company in 2018 and 2019?",
"What is the percentage change between them?",
"What is the value of the audit-related fees as a percentage of the total fees paid to the auditor in 2018?"
] |
[
[
"fees billed for other professional services rendered to Systemax."
],
[
"What kind of fees are you asking about?"
],
[
"1,257,000",
"1,196,000"
],
[
"61000"
],
[
"2,000",
"2,000"
],
[
"0"
],
[
"1.18"
]
] |
[
[
"",
"",
"Fiscal years ended July 31,",
""
],
[
"",
"2019",
"2018",
"2017"
],
[
"Unrecognized tax benefit - beginning of period",
"$10,321",
"$9,346",
"$7,687"
],
[
"Gross increases - prior period tax positions",
"98",
"729",
"712"
],
[
"Gross decreases - prior period tax positions",
"(88)",
"(878)",
"(691)"
],
[
"Gross increases - current period tax positions",
"1,302",
"1,124",
"1,638"
],
[
"Unrecognized tax benefit - end of period",
"$11,633",
"$10,321",
"$9,346"
]
] |
[
"Unrecognized Tax Benefits",
"Activity related to unrecognized tax benefits is as follows (in thousands):",
"During the year ended July 31, 2019, the Company’s unrecognized tax benefits increased by $1.3 million, primarily associated with the Company’s U.S. Federal and California R&D credits. As of July 31, 2019, the Company had unrecognized tax benefits of $6.2 million that, if recognized, would affect the Company’s effective tax rate. An estimate of the range of possible change within the next 12 months cannot be made at this time.",
"The Company, or one of its subsidiaries, files income taxes in the U.S. Federal jurisdiction and various state and foreign jurisdictions. If the Company utilizes net operating losses or tax credits in future years, the U.S. Federal, state and local, and non-U.S. tax authorities may examine the tax returns covering the period in which the net operating losses and tax credits arose. As a result, the Company’s tax returns in the U.S. and California remain open to examination from fiscal years 2002 through 2019. As of July 31, 2019, the Company has no income tax audits in progress in the U.S. or foreign jurisdictions."
] |
[
"What was the increase in unrecognized tax benefits in 2019?",
"What was the average Unrecognized tax benefit for 2017-2019?",
"Unrecognized tax benefit - beginning of period",
"In which year was Unrecognized tax benefit - end of period less than 10,000 thousands?",
"What was the Gross increases in 2019, 2018 and 2017 respectively?",
"The Gross increases - prior period tax positions.",
"What was its change from 2018 to 2019?",
"What was the Gross decreases - prior period tax positions in 2019?"
] |
[
[
"$1.3 million"
],
[
"What kind of Unrecognized tax benefit are you asking about?"
],
[
"10433.33"
],
[
"2017"
],
[
"What kind of Gross increases are you asking about?"
],
[
"98",
"729",
"712"
],
[
"-631"
],
[
"(88)"
]
] |
[
[
"",
"",
"Fiscal Year",
""
],
[
"",
"2019",
"2018",
"2017"
],
[
"Balance - beginning of year",
"$6,795",
"$9,410",
"$3,279"
],
[
"Provision, net",
"11,989",
"15,465",
"29,512"
],
[
"Charge-offs",
"(13,737)",
"(18,080)",
"(23,381)"
],
[
"Balance - end of year",
"$5,047",
"6,795",
"9,410"
]
] |
[
"7. ACCOUNTS RECEIVABLES ALLOWANCES",
"Summarized below is the activity in our accounts receivable allowances including compensation credits and doubtful accounts as follows (in thousands):",
"The balances at the end of fiscal years 2019, 2018 and 2017 are comprised primarily of compensation credits of $4.5 million, $6.3 million and $8.9 million, respectively."
] |
[
"What were the respective compensation credits in balances at the end of 2019, 2018 and 2017?",
"How about the respective value of Provision, net in 2019 and 2018?",
"What was its average value for 2017-2019?",
"What was the change in the Balance from 2018 to 2019?",
"The Balance - beginning of year.",
"What was the charge-offs in 2019?",
"In which year was Balance - end of year less than 7,000 thousands?"
] |
[
[
"$4.5 million",
"$6.3 million",
"$8.9 million"
],
[
"11,989",
"15,465"
],
[
"18988.67"
],
[
"What kind of balance are you asking about?"
],
[
"-2615"
],
[
"(13,737)"
],
[
"2019",
"2018"
]
] |
[
[
"",
"For the Year Ended",
""
],
[
"",
"December 31, 2019",
"December 31, 2018"
],
[
"",
"(in thousands, except per share amounts)",
""
],
[
"Revenues",
"$2,303,737",
"$2,111,373"
],
[
"Net income",
"$464,602",
"$442,082"
],
[
"Net income per common share:",
"",
""
],
[
"Basic",
"$2.73",
"$2.36"
],
[
"Diluted",
"$2.59",
"$2.30"
]
] |
[
"Pro Forma Information",
"The following unaudited pro forma information gives effect to the acquisition of AutoGuide as if the acquisition occurred on January 1, 2018 and the acquisition of MiR as if the acquisition occurred on January 1, 2017. The unaudited pro forma results are not necessarily indicative of what actually would have occurred had the acquisition been in effect for the periods presented:",
"Pro forma results for the year ended December 31, 2019 were adjusted to exclude $1.2 million of AutoGuide acquisition related costs and $0.1 million of AutoGuide non-recurring expense related to fair value adjustment to acquisition-date inventory.",
"Pro forma results for the year ended December 31, 2018 were adjusted to include $1.2 million of AutoGuide acquisition related costs and $0.4 million of AutoGuide non-recurring expense related to fair value adjustment to acquisition-date inventory.",
"Pro forma results for the year ended December 31, 2018 were adjusted to exclude $2.9 million of MiR acquisition related costs and $0.4 million of MiR non-recurring expense related to fair value adjustment to acquisition-date inventory."
] |
[
"What were the Pro forma results for the year ended December 31, 2019 adjusted for?",
"What was the net income in 2019?",
"What are the types of net income per common share in the table?",
"In which year was net income per common share larger?",
"Diluted",
"What was its change from 2018 to 2019?",
"What was this change in percentage?"
] |
[
[
"adjusted to exclude $1.2 million of AutoGuide acquisition related costs and $0.1 million of AutoGuide non-recurring expense related to fair value adjustment to acquisition-date inventory."
],
[
"$464,602"
],
[
"Basic",
"Diluted"
],
[
"Which type of net income per common share are you asking about?"
],
[
"2019"
],
[
"0.29"
],
[
"12.61"
]
] |
[
[
"NSPT Group",
"",
""
],
[
"",
"2019",
"2018"
],
[
"",
"$'000",
"$'000"
],
[
"Foreign currency translation reserve",
"",
""
],
[
"Opening balance at 1 July",
"(115)",
"232"
],
[
"Net investment hedge",
"(1,591)",
"1,007"
],
[
"Foreign exchange translation differences",
"2,464",
"(1,354)"
],
[
"Closing balance at 30 June",
"758",
"(115)"
],
[
"Cash flow hedge reserve",
"",
""
],
[
"Opening balance at 1 July",
"(2,073)",
"(45)"
],
[
"Revaluation of derivatives",
"(22,098)",
"(2,112)"
],
[
"Taxation impact on revaluation",
"290",
"84"
],
[
"Closing balance at 30 June",
"(23,881)",
"(2,073)"
],
[
"Other reserves",
"(23,123)",
"(2,188)"
]
] |
[
"The movements below in foreign currency translation reserve and cashflow hedge reserve relating to the NSPT Group are presented within non-controlling interest in the Group’s consolidated statement of changes in equity.",
"Taxation impact on revaluation applies only to cash flow hedges held in NSNZPT, a sub-trust of NSPT, which is subject to New Zealand tax legislation. Deferred tax does not apply to any other cash flow hedges held in the NSPT Group under current Australian tax legislation.",
"The hedging reserve is used to record gains or losses on derivatives that are designated as cash flow hedges and recognised in other comprehensive income, as described in note 2(m). Amounts are reclassified to profit or loss in the period when the associated hedged transaction takes place.",
"On 24 June 2019, the Group reset the interest rates associated with AUD denominated interest rate swaps designated as cash flow hedges. This resulted in a cash outflow of $22.9m which reduced the Group’s financial liability as presented in note 9.8. In accordance with AASB 9 Financial instruments, as the nature of the underlying hedged instrument is unchanged the fair value of this outflow remains in the cash flow hedge reserve and will be amortised to the statement of profit or loss in future periods.",
"The cash flow hedge is included in non-controlling interest in the Consolidated Group and is not classified within other reserves."
] |
[
"Where is the hedging reserve used?",
"What was the cash outflow which reduced the Group's financial liability?",
"What was the Net investment hedge in 2019 and 2018 respectively?",
"In which year is its amount negative?",
"What was the average Foreign exchange translation differences for 2018 and 2019?",
"What is the change in the Taxation impact on revaluation in that period?"
] |
[
[
"record gains or losses on derivatives that are designated as cash flow hedges and recognised in other comprehensive income, as described in note 2(m)."
],
[
"$22.9m"
],
[
"(1,591)",
"1,007"
],
[
"2019"
],
[
"555"
],
[
"206"
]
] |
[
[
"",
"January 31, 2020",
"February 1, 2019"
],
[
"Equipment and software",
"$1,404",
"$1,448"
],
[
"Buildings and improvements",
"1,088",
"991"
],
[
"Furniture and fixtures",
"120",
"116"
],
[
"Construction in progress",
"106",
"56"
],
[
"Total property and equipment",
"2,718",
"2,611"
],
[
"Accumulated depreciation",
"(1,438)",
"(1,449)"
],
[
"Total property and equipment, net",
"$1,280",
"$1,162"
]
] |
[
"M. Property and Equipment, Net",
"Property and equipment, net, as of the periods presented consisted of the following (table in millions):",
"As of January 31, 2020, construction in progress primarily represented various buildings and site improvements that had not yet been placed into service.",
"Depreciation expense was $234 million, $211 million and $206 million during the years ended January 31, 2020, February 1, 2019 and February 2, 2018, respectively."
] |
[
"What was the depreciation expense?",
"2020",
"What did construction in progress primarily represented as of 2020?",
"Wjat was its amount in that year?",
"Which years did its amount exceed $100 million?",
"What was the change in Total property and equipment between 2019 and 2020?",
"What was the percentage change in the net total property and equipment in that period?"
] |
[
[
"Which year are you asking about?"
],
[
"$234 million"
],
[
"various buildings and site improvements that had not yet been placed into service."
],
[
"106"
],
[
"1"
],
[
"107"
],
[
"10.15"
]
] |
[
[
"(In millions)",
"Food Care",
"Product Care",
"Total"
],
[
"Gross Carrying Value at December 31, 2017",
"$ 576.5",
"$ 1,554.1",
"$ 2,130.6"
],
[
"Accumulated impairment",
"(49.6 )",
"(141.2)",
"(190.8)"
],
[
"Carrying Value at December 31, 2017",
"$ 526.9",
"$ 1,412.9",
"$ 1,939.8"
],
[
"Acquisition, purchase price and other adjustments",
"(0.6 )",
"18.2",
"17.6"
],
[
"Currency translation",
"(6.6 )",
"(3.2)",
"(9.8)"
],
[
"Gross Carrying Value at December 31, 2018",
"$ 568.9",
"$ 1,568.9",
"$ 2,137.8"
],
[
"Accumulated impairment",
"(49.2 )",
"(141.0)",
"(190.2)"
],
[
"Carrying Value at December 31, 2018",
"$ 519.7",
"$ 1,427.9",
"$ 1,947.6"
],
[
"Acquisition, purchase price and other adjustments",
"6.3",
"257.0",
"263.3"
],
[
"Currency translation",
"2.0",
"4.1",
"6.1"
],
[
"Gross Carrying Value at December 31, 2019",
"$ 577.2",
"$ 1,830.0",
"$ 2,407.2"
],
[
"Accumulated impairment",
"(49.3 )",
"(141.0)",
"(190.3)"
],
[
"Carrying Value at December 31, 2019",
"$ 527.9",
"$ 1,689.0",
"$ 2,216.9"
]
] |
[
"Allocation of Goodwill to Reporting Segment",
"The following table shows our goodwill balances by reportable segment:",
"As noted above, it was determined under a quantitative assessment that there was no impairment of goodwill. However, if we become aware of indicators of impairment in future periods, we may be required to perform an interim assessment for some or all of our reporting units before the next annual assessment. Examples of such indicators may include a decrease in expected net earnings, adverse equity market conditions, a decline in current market multiples, a decline in our common stock price, a significant adverse change in legal factors or business climates, an adverse action or assessment by a regulator, unanticipated competition, strategic decisions made in response to economic or competitive conditions, or a more likely than not expectation that a reporting unit or a significant portion of a reporting unit will be sold or disposed of. In the event of significant adverse changes of the nature described above, we may have to recognize a non-cash impairment of goodwill, which could have a material adverse effect on our consolidated financial condition and results of operations."
] |
[
"What does the table show?",
"What are examples of indicator of impairment of goodwill?",
"What is the impact of a significant adverse impairment of goodwill?",
"What is the average annual growth rate of Carrying value for Care for years 2017-2019?",
"Food Care.",
"What is the Average total Carrying Value for that period?",
"What is Total Accumulated impairment expressed as a percentage of Gross Carrying Value for 2019?"
] |
[
[
"shows our goodwill balances by reportable segment"
],
[
"Examples of such indicators may include a decrease in expected net earnings, adverse equity market conditions, a decline in current market multiples, a decline in our common stock price, a significant adverse change in legal factors or business climates, an adverse action or assessment by a regulator, unanticipated competition, strategic decisions made in response to economic or competitive conditions, or a more likely than not expectation that a reporting unit or a significant portion of a reporting unit will be sold or disposed of."
],
[
"we may have to recognize a non-cash impairment of goodwill, which could have a material adverse effect on our consolidated financial condition and results of operations."
],
[
"What kind of care are you asking about?"
],
[
"0.11"
],
[
"2034.77"
],
[
"7.91"
]
] |
[
[
"USDm",
"2019",
"2018",
"2017"
],
[
"Tangible and intangible fixed assets",
"1,782.2",
"1,445.0",
"1,384.8"
],
[
"Investments in joint ventures",
"1.2",
"0.1",
"0.3"
],
[
"Bunkers",
"34.8",
"39.4",
"33.2"
],
[
"Accounts receivables ¹⁾",
"99.5",
"96.3",
"87.5"
],
[
"Assets held-for-sale",
"9.1",
"6.2",
"6.6"
],
[
"Deferred tax liability",
"-44.9",
"-44.9",
"-44.9"
],
[
"Trade payables ²⁾",
"-94.4",
"-71.6",
"-60.0"
],
[
"Current tax liabilities",
"-1.5",
"-1.0",
"-1.4"
],
[
"Deferred income",
"-",
"-0.1",
"-0.1"
],
[
"Invested capital",
"1,786.0",
"1,469.4",
"1,406.0"
]
] |
[
"Invested capital:",
"TORM defines invested capital as the sum of intangible assets, tangible fixed assets, investments in joint ventures, bunkers, accounts receivables, assets held-for-sale (when applicable), deferred tax liability, trade payables, current tax liabilities and deferred income. Invested capital measures the net investment used to achieve the Company’s operating profit. The Company believes that invested capital is a relevant measure that Management uses to measure the overall development of the assets and liabilities generating the net profit. Such measure may not be comparable to similarly titled measures of other companies. Invested capital is calculated as follows:",
"¹⁾ Accounts receivables includes Freight receivables, Other receivables and Prepayments.",
"²⁾ Trade payables includes Trade payables and Other liabilities."
] |
[
"What does accounts receivables in the table include?",
"How about trade payables?",
"For which years was Invested capital calculated in?",
"What was its change?",
"From 2018 to 2019.",
"What was this change in percentage?",
"In which year was the amount of assets held-for-sale the largest?"
] |
[
[
"Freight receivables, Other receivables and Prepayments"
],
[
"Trade payables and Other liabilities"
],
[
"2019",
"2018",
"2017"
],
[
"Which period are you asking about?"
],
[
"316.6"
],
[
"21.55"
],
[
"2019"
]
] |
[
[
"",
"December 31, 2019",
"December 31, 2018 (1)"
],
[
"Accounts receivable",
"$80.5",
"$92.6"
],
[
"Prepaids and other current assets",
"8.3",
"7.7"
],
[
"Notes receivable and other non-current assets",
"21.3",
"22.2"
],
[
"Unearned revenue (2)",
"35.0",
"35.0"
],
[
"Other non-current liabilities (3)",
"79.0",
"54.1"
]
] |
[
"AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed)",
"Information about receivables, contract assets and contract liabilities from contracts with tenants is as follows:",
"(1) Prior-period amounts adjusted with the adoption of the new lease accounting guidance, as applicable.",
"(2) Excludes $56.7 million and $55.0 million of capital contributions related to DAS networks as of December 31, 2019 and 2018, respectively.",
"(3) Excludes $300.2 million and $313.6 million of capital contributions related to DAS networks as of December 31, 2019 and 2018, respectively.",
"The Company records unearned revenue when payments are received from tenants in advance of the completion of the Company’s performance obligations. Long-term unearned revenue is included in Other non-current liabilities. During the year ended December 31, 2019, the Company recognized $62.2 million of revenue that was included in the Unearned revenue balance as of December 31, 2018. During the year ended December 31, 2018, the Company recognized $44.4 million of revenue that was included in the Unearned revenue balance as of January 1, 2018. The Company also recognized revenues of $59.2 million and $55.4 million during the years ended December 31, 2019 and December 31, 2018, respectively, for capital contributions related to DAS networks. There was $0.4 million of revenue recognized from Other non-current liabilities during each of the years ended December 31, 2019 and 2018. $59.2 million and $55.4 million during the years ended December 31, 2019 and December 31, 2018, respectively, for capital contributions related to DAS networks. There was $0.4 million of revenue recognized from Other non-current liabilities during each of the years ended December 31, 2019 and 2018.\n$59.2 million and $55.4 million during the years ended December 31, 2019 and December 31, 2018, respectively, for capital\ncontributions related to DAS networks. There was $0.4 million of revenue recognized from Other non-current liabilities during\neach of the years ended December 31, 2019 and 2018."
] |
[
"What does unearned revenue exclude?",
"How about Other non-current liabilities?",
"What was assets in 2019?",
"Prepaids and other current assets.",
"What was its change between 2018 and 2019?",
"How about that in Other non-current liabilities?",
"What was the percentage change in Accounts receivable in that period?"
] |
[
[
"$56.7 million and $55.0 million of capital contributions related to DAS networks as of December 31, 2019 and 2018, respectively."
],
[
"Excludes $300.2 million and $313.6 million of capital contributions related to DAS networks as of December 31, 2019 and 2018, respectively."
],
[
"What kind of assets are you asking about?"
],
[
"8.3"
],
[
"0.6"
],
[
"24.9"
],
[
"-13.07"
]
] |
[
[
"",
"2019 STI Bonus Amounts",
"",
"",
"",
"",
"",
""
],
[
"Named Officer",
"Target Bonus Opportunity (1)",
"X",
"Company Performance % (2)",
"X",
"Discretionary Adjustment for Individual Performance(3)",
"=",
"STI Bonus Amount"
],
[
"Current Executives:",
"",
"",
"",
"",
"",
"",
""
],
[
"Jeffrey K. Storey",
"$3,600,022",
"",
"97%",
"",
"100%",
"",
"$3,492,021"
],
[
"Indraneel Dev",
"780,000",
"",
"97%",
"",
"110%",
"",
"832,260"
],
[
"Stacey W. Goff",
"720,021",
"",
"97%",
"",
"100%",
"",
"698,420"
],
[
"Scott A. Trezise",
"439,654",
"",
"97%",
"",
"110%",
"",
"469,111"
],
[
"Shaun C. Andrews",
"461,442",
"",
"97%",
"",
"110%",
"",
"492,359"
]
] |
[
"Actual STI Bonus Amounts Authorized. The actual amounts of the NEOs’ 2019 bonuses were calculated as\nfollows:",
"(1) Determined based on earned salary and applicable STI target bonus percentage during 2019 and includes pro-rations for any changes to salary and/or STI target bonus percentage described below.",
"a) Target Bonus Opportunity for Mr. Storey reflects his salary earned during 2019 of $1,800,011 and a STI target bonus percentage of 200%.",
"b) Target Bonus Opportunity for Mr. Dev reflects his salary earned during 2019 of $650,000 and a STI target bonus percentage of 120%.",
"c) Target Bonus Opportunity for Mr. Goff reflects his salary earned during 2019 of $600,018 and a STI target bonus percentage of 120%.",
"d) Target Bonus Opportunity for Mr. Trezise reflects his salary earned during 2019 with a salary increase, from $475,010 to $500,011, effective on February 23, 2019, and an increase of STI target bonus percentage from 80% to 90%, also effective on February 23, 2019.",
"e) Target Bonus Opportunity for Mr. Andrews reflects his salary earned during 2019 with a salary increase, from $425,006 to $525,000, effective on August 21, 2019, and a STI target bonus percentage of 100%.",
"(2) Calculated or determined as discussed above under “—2019 Performance Results.”",
"(3) Determined based on achievement of individual performance objectives as described further above in this Subsection.",
"Committee Discretion to Pay in Cash or Shares. The Committee may authorize the payment of annual bonuses in cash or shares of common stock. Since 2000, the Committee has paid these bonuses entirely in cash, principally to diversify our compensation mix and to conserve shares in our equity plans.",
"Recent Actions (February 2020). In connection with establishing targets for the 2020 STI program, the Committee increased Mr. Dev’s STI Target Bonus Percentage to 125%, in light of his position to market and performance as CFO, and made no changes to the target bonus percentage for any of our other NEOs."
] |
[
"What is Jeffrey K. Storey's salary earned during 2019?",
"What is the percentage change of Scott A. Trezise's salary increase?",
"How is the discretionary adjustment for individual performance determined?",
"Which current executives have a STI target bonus percentage of 120%?",
"How many current executives have a STI bonus amount greater than $500,000?",
"What is Indraneel Dev's salary earned during 2019 expressed as a ratio of his/her STI bonus amount?"
] |
[
[
"$1,800,011"
],
[
"5.26"
],
[
"based on achievement of individual performance objectives"
],
[
"Indraneel Dev",
"Stacey W. Goff"
],
[
"3"
],
[
"78.1"
]
] |
[
[
"",
"",
"Fiscal Year Ended",
""
],
[
"",
"April 27,",
"April 28,",
"April 29,"
],
[
"(Dollars in Millions)",
"2019",
"2018",
"2017"
],
[
"Operating activities:",
"",
"",
""
],
[
"Net Income",
"$91.6",
"$57.2",
"$92.9"
],
[
"Non-cash Items",
"52.6",
"17.0",
"32.1"
],
[
"Changes in Operating Assets and Liabilities",
"(42.2)",
"43.6",
"20.2"
],
[
"Net Cash Provided by Operating Activities",
"102.0",
"117.8",
"145.2"
],
[
"Net Cash Used in Investing Activities",
"(470.8)",
"(179.0)",
"(21.7)"
],
[
"Net Cash Provided by (Used In) Financing Activities",
"217.4",
"(12.7)",
"(47.0)"
],
[
"Effect of Exchange Rate Changes on Cash and Cash Equivalents",
"(11.5)",
"26.0",
"(10.3)"
],
[
"Net Increase (Decrease) in Cash and Cash Equivalents",
"(162.9)",
"(47.9)",
"66.2"
],
[
"Cash and Cash Equivalents at Beginning of the Year",
"246.1",
"294.0",
"227.8"
],
[
"Cash and Cash Equivalents at End of the Year",
"$83.2",
"$246.1",
"$294.0"
]
] |
[
"Financial Condition, Liquidity and Capital Resources",
"We believe our current world-wide cash balances together with expected future cash flows to be generated from operations and our committed credit facility will be sufficient to support current operations. A significant amount of cash and expected future cash flows are located outside of the U.S. Of the $83.2 million of cash and cash equivalents as of April 27, 2019, $69.9 million was held in subsidiaries outside the U.S. and can be repatriated, primarily through the repayment of intercompany loans and the payment of dividends, without creating material additional income tax expense.",
"Cash flow is summarized below:",
"Operating Activities — Fiscal 2019 Compared to Fiscal 2018",
"Net cash provided by operating activities decreased $15.8 million to $102.0 million for fiscal 2019, compared to $117.8 million for fiscal 2018. The decrease was due to lower cash generated from changes in operating assets and liabilities, partially offset by higher net income adjusted for non-cash items. The $42.2 million of cash outflows for operating assets and liabilities was primarily due to higher prepaid expenses and other assets and lower accounts payable and accrued expenses.",
"Operating Activities — Fiscal 2018 Compared to Fiscal 2017",
"Net cash provided by operating activities decreased $27.4 million to $117.8 million in fiscal 2018, compared to $145.2 million in fiscal 2017. The decrease was primarily due to lower net income adjusted for non-cash items, partially offset by cash generated from changes in operating assets and liabilities. The $43.6 million of cash inflows for operating assets and liabilities was due to higher accounts payable and accrued expenses and lower prepaid expenses and other assets, offset by higher inventory levels.",
"Investing Activities — Fiscal 2019 Compared to Fiscal 2018",
"Net cash used in investing activities increased by $291.8 million to $470.8 million in fiscal 2019, compared to $179.0 million in fiscal 2018, primarily due to acquisitions. In fiscal 2019, we paid $422.1 million for the acquisition of Grakon. In fiscal 2018, we paid $130.9 million for the acquisitions of Pacific Insight and Procoplast.",
"Investing Activities — Fiscal 2018 Compared to Fiscal 2017",
"Net cash used in investing activities increased by $157.3 million to $179.0 million in fiscal 2018, compared to $21.7 million in fiscal 2017. The increase was primarily due to $130.9 million paid for the acquisitions of Pacific Insight and Procoplast. In addition, purchases of property, plant and equipment for our operations were higher in fiscal 2018 compared to fiscal 2017.",
"Financing Activities — Fiscal 2019 Compared to Fiscal 2018",
"Net cash provided by financing activities was $217.4 million in fiscal 2019, compared to net cash used in financing activities of $12.7 million in fiscal 2018. During fiscal 2019, we had net borrowings of $238.5 million which was partially used to fund the acquisition of Grakon. We paid dividends of $16.3 million in fiscal 2019, compared to $14.7 million in fiscal 2018.",
"Financing Activities — Fiscal 2018 Compared to Fiscal 2017",
"Net cash used in financing activities decreased $34.3 million to $12.7 million in fiscal 2018, compared to $47.0 million in fiscal 2017. During fiscal 2018, we had net borrowings of $2.0 million, compared to repayments on borrowings of $30.0 million in fiscal 2017. We paid dividends of $14.7 million and $13.7 million in fiscal 2018 and fiscal 2017, respectively. We did not repurchase any common stock in fiscal 2018. In fiscal 2017, we paid $9.8 million for the repurchase of common stock."
] |
[
"What led to decrease in Net cash provided by operating activities?",
"2019",
"How much did its amount decreased from fiscal 2018 to 2017?",
"How about that from fiscal 2019 to 2018?",
"What is the change in its amount from Fiscal Year Ended April 28, 2018 to Fiscal Year Ended April 27, 2019?",
"How about that in Net Cash Used in Investing Activities?",
"And that in Effect of Exchange Rate Changes on Cash and Cash Equivalents?"
] |
[
[
"Which year are you asking about?"
],
[
"due to lower cash generated from changes in operating assets and liabilities, partially offset by higher net income adjusted for non-cash items."
],
[
"$27.4 million"
],
[
"$15.8 million"
],
[
"-15.8"
],
[
"-291.8"
],
[
"-37.5"
]
] |
[
[
"",
"",
"Fiscal",
""
],
[
"",
"2019",
"2018",
"2017"
],
[
"",
"",
"(in millions)",
""
],
[
"Net sales",
"$ 41",
"$ 702",
"$ 928"
],
[
"Cost of sales",
"50",
"602",
"653"
],
[
"Gross margin",
"(9)",
"100",
"275"
],
[
"Selling, general, and administrative expenses",
"11",
"48",
"50"
],
[
"Research, development, and engineering expenses",
"3",
"39",
"40"
],
[
"Restructuring and other charges (credits), net",
"3",
"30 (1)",
"(3)"
],
[
"Operating income (loss)",
"(26)",
"(17)",
"188"
],
[
"Non-operating income, net",
"—",
"—",
"22 (2)"
],
[
"Pre-tax income (loss) from discontinued operations",
"(26)",
"(17)",
"210"
],
[
"Pre-tax gain (loss) on sale of discontinued operations",
"(86)",
"(2)",
"3"
],
[
"Income tax (expense) benefit",
"10",
"—",
"(70)"
],
[
"Income (loss) from discontinued operations, net of income taxes",
"$ (102)",
"$ (19)",
"$ 143"
]
] |
[
"4. Discontinued Operations",
"In fiscal 2019, we sold our Subsea Communications (“SubCom”) business for net cash proceeds of $297 million and incurred a pre-tax loss on sale of $86 million, related primarily to the recognition of cumulative translation adjustment losses of $67 million and the guarantee liabilities discussed below. The definitive agreement provided that, if the purchaser sells the business within two years of the closing date, we will be entitled to 20% of the net proceeds of that future sale, as defined in the agreement, in excess of $325 million. The sale of the SubCom business, which was previously included in our Communications Solutions segment, represents our exit from the telecommunications market and was significant to our sales and profitability, both to the Communications Solutions segment and to the consolidated company. We concluded that the divestiture was a strategic shift that had a major effect on our operations and financial results. As a result, the SubCom business met the held for sale and discontinued operations criteria and has been reported as such in all periods presented on our Consolidated Financial Statements.",
"Upon entering into the definitive agreement, which we consider a level 2 observable input in the fair value hierarchy, we assessed the carrying value of the SubCom business and determined that it was in excess of its fair value. In fiscal 2018, we recorded a pre-tax impairment charge of $19 million, which was included in income (loss) from discontinued operations on the Consolidated Statement of Operations, to write the carrying value of the business down to its estimated fair value less costs to sell.",
"In connection with the sale, we contractually agreed to continue to honor performance guarantees and letters of credit related to the SubCom business’ projects that existed as of the date of sale. These guarantees had a combined value of approximately $1.55 billion as of fiscal year end 2019 and are expected to expire at various dates through fiscal 2025; however, the majority are expected to expire by fiscal year end 2020. At the time of sale, we determined that the fair value of these guarantees was $12 million, which we recognized by a charge to pre-tax loss on sale. Also, under the terms of the definitive agreement, we are required to issue up to $300 million of new performance guarantees, subject to certain limitations, for projects entered into by the SubCom business following the sale for a period of up to three years. At fiscal year end 2019, there were no such new performance guarantees outstanding. We have contractual recourse against the SubCom business if we are required to perform on any SubCom guarantees; however, based on historical experience, we do not anticipate having to perform.",
"The following table presents the summarized components of income (loss) from discontinued operations, net of income taxes, for the SubCom business and prior divestitures:",
"(1) Included a $19 million impairment charge recorded in connection with the sale of our SubCom business.",
"(2) Included a $19 million credit related to the SubCom business’ curtailment of a postretirement benefit plan."
] |
[
"What did the amount of Restructuring and other charges (credits), net in 2018 include?",
"How about Non-operating income, net in 2017?",
"For which years were the components of income (loss) from discontinued operations, net of income taxes, for the SubCom business and prior divestitures provided?",
"In which year was the amount of Cost of sales largest?",
"What was the change in expenses in 2019 from 2018?",
"Selling, general, and administrative expenses.",
"What was this change in percentage?"
] |
[
[
"$19 million impairment charge recorded in connection with the sale of our SubCom business"
],
[
"$19 million credit related to the SubCom business’ curtailment of a postretirement benefit plan."
],
[
"2019",
"2018",
"2017"
],
[
"2017"
],
[
"What kind of expenses are you asking about?"
],
[
"-37"
],
[
"-77.08"
]
] |
[
[
"",
"Number of Shares (thousands)",
"Weighted-Average Exercise Price",
"Weighted-Average Remaining Contractual Term (years)",
"Aggregate Intrinsic Value(1) (thousands)"
],
[
"Outstanding as of December 31, 2018",
"4,674",
"$5.19",
"",
""
],
[
"Granted",
"—",
"$ —",
"",
""
],
[
"Exercised",
"(842)",
"$2.84",
"",
""
],
[
"Canceled",
"(130)",
"$9.41",
"",
""
],
[
"Outstanding as of December 31, 2019",
"3,702",
"$5.57",
"3.52",
"$6,395"
],
[
"Vested and exercisable as of December 31, 2019",
"3,427",
"$5.49",
"3.56",
"$6,210"
]
] |
[
"Stock options",
"The following tables summarize our stock option activities and related information:",
"(1) The aggregate intrinsic value represents the excess of the closing price of our common stock of $6.87 as of December 31, 2019 over theexercise price of the outstanding in-the-money options."
] |
[
"What is the number of outstanding shares granted as of December 31, 2018? ",
"What is the number of shares as of December 31, 2018? ",
"Exercised",
"How about that of shares canceled?",
"What is the total amount spent on this kind of shares?",
"What is difference on the aggregate intrinsic value between Outstanding and Vested and exercisable as of December 31, 2019?",
"How about that in outstanding shares as of December 31, 2018 and 2019?"
] |
[
[
"4,674"
],
[
"What kind of shares are you asking about?"
],
[
"(842)"
],
[
"(130)"
],
[
"-1223.3"
],
[
"185"
],
[
"972"
]
] |
[
[
"",
"",
"At December 31, 2019",
""
],
[
"",
"Gross Carrying Amount",
"Unamortized Discount and Deferred Financing Costs",
"Net Carrying Amount"
],
[
"2021 Notes",
"$650",
"$(2)",
"$648"
],
[
"2022 Notes",
"400",
"(2)",
"398"
],
[
"2026 Notes",
"850",
"(7)",
"843"
],
[
"2027 Notes",
"400",
"(5)",
"395"
],
[
"2047 Notes",
"400",
"(9)",
"391"
],
[
"Total long-term debt",
"$2,700",
"$(25)",
"$2,675"
],
[
"",
"",
"At December 31, 2018",
""
],
[
"",
"Gross Carrying Amount",
"Unamortized Discount and Deferred Financing Costs",
"Net Carrying Amount"
],
[
"2021 Notes",
"650",
"(3)",
"647"
],
[
"2022 Notes",
"400",
"(3)",
"397"
],
[
"2026 Notes",
"850",
"(8)",
"842"
],
[
"2027 Notes",
"400",
"(5)",
"395"
],
[
"2047 Notes",
"400",
"(10)",
"390"
],
[
"Total long-term debt",
"$2,700",
"$(29)",
"$2,671"
]
] |
[
"Interest expense and financing costs",
"Fees and discounts associated with the issuance of our debt instruments are recorded as debt discount, which reduces their respective carrying values, and are amortized over their respective terms. Amortization expense is recorded within “Interest and other expense (income), net” in our consolidated statement of operations.",
"For the years ended December 31, 2019, 2018, and 2017: interest expense was $86 million, $134 million, and $150 million, respectively; amortization of the debt discount and deferred financing costs was $4 million, $6 million, and $12 million, respectively.",
"A summary of our outstanding debt is as follows (amounts in millions):",
"With the exception of the 2026 and the 2047 Notes, using Level 2 inputs (i.e., observable market prices in less-than-active markets) at December 31, 2019, the carrying values of the Notes approximated their fair values, as the interest rates were similar to the current rates at which we could borrow funds over the selected interest periods. At December 31, 2019, based on Level 2 inputs, the fair value of the 2026 and the 2047 Notes were $893 million and $456 million, respectively.",
"Using Level 2 inputs at December 31, 2018, the carrying values of the 2021 Notes and the 2022 Notes approximated their fair values, as the interest rates were similar to the current rates at which we could borrow funds over the selected interest periods. At December 31, 2019, based on Level 2 inputs, the fair values of the 2026 Notes, the 2027 Notes, and the 2047 Notes were $800 million, $376 million, and $360 million, respectively."
] |
[
"What were fees and discounts associated with the issuance of the company's debt instruments recorded as?",
"What was the interest expense?",
"2019",
"How about 2018?",
"What was the change in the carrying amount between the 2021 and 2022 Notes in 2019?",
"Gross carrying amount.",
"What was the change in the net carrying amount between the 2026 and 2027 Notes in 2018?",
"What was the percentage change in the net carrying amount of total long-term debt between 2018 and 2019?"
] |
[
[
"debt discount, which reduces their respective carrying values, and are amortized over their respective terms."
],
[
"Which year are you asking about?"
],
[
"$86 million"
],
[
"$134 million"
],
[
"What kind of carrying amount are you asking about?"
],
[
"-250"
],
[
"-447"
],
[
"0.15"
]
] |
[
[
"Capital stock",
"",
""
],
[
"Parent Company",
"Number of shares",
"Capital stock (SEK million)"
],
[
"Class A shares",
"261,755,983",
"1,309"
],
[
"Class B shares",
"3,072,395,752",
"15,363"
],
[
"Total",
"3,334,151,735",
"16,672"
]
] |
[
"Capital stock 2019",
"Capital stock at December 31, 2019, consisted of the following:",
"The capital stock of the Parent Company is divided into two classes: Class A shares (quota value SEK 5.00) and Class B shares (quota value SEK 5.00). Both classes have the same rights of participation in the net assets and earnings.Class A shares, however, are entitled to one vote per share while Class B shares are entitled to one tenth of one vote per share.",
"At December 31, 2019, the total number of treasury shares was 19,853,247 (37,057,039 in 2018 and 50,265,499 in 2017) Class B shares."
] |
[
"What is the total number of treasury shares in 2019?",
"How many votes are class A shares entitled?",
"How are the capital stock of the parent company divided?",
"What is the difference between capital stock value in class A and B shares?",
"How about that in the number of shares between them?",
"What is the price of each class A share? "
] |
[
[
"19,853,247"
],
[
"one vote per share"
],
[
"Class A shares (quota value SEK 5.00) and Class B shares (quota value SEK 5.00)"
],
[
"14054"
],
[
"2810639769"
],
[
"5"
]
] |
[
[
"",
"2019",
"2018",
"$ CHANGE",
"% CHANGE"
],
[
"Bell Wireless",
"3,842",
"3,521",
"321",
"9.1%"
],
[
"Bell Wireline",
"5,414",
"5,321",
"93",
"1.7%"
],
[
"Bell Media",
"850",
"693",
"157",
"22.7%"
],
[
"Total BCE adjusted EBITDA",
"10,106",
"9,535",
"571",
"6.0%"
]
] |
[
"4.6 Adjusted EBITDA",
"BCE",
"BCE’s adjusted EBITDA grew by 6.0% in 2019, compared to 2018, attributable to growth from all three of our segments. Higher revenues coupled with reduced operating expenses drove the year-over-year growth in adjusted EBITDA. This corresponded to an adjusted EBITDA margin of 42.2% in 2019, up 1.6 pts over last year, mainly driven by the favourable impact from the adoption of IFRS 16 in 2019, and greater service revenue flow-through, moderated by greater low-margin product sales in our total revenue base."
] |
[
"What is the adjusted EBITDA margin in 2019?",
"How much did BCE's adjusted EBITDA grow by in 2019?",
"What is the total Adjusted EBITDA for Bell Wireless in 2018 and 2019?",
"What is the difference in the Adjusted EBITDA for Bell Wireless and Bell Wireline in 2018?",
"What is the percentage of Bell Wireline of the total BCE adjusted EBITDA in 2019?",
"What was the CHANGE in Bell Media?",
"The $ change."
] |
[
[
"42.2%"
],
[
"6.0%"
],
[
"7363"
],
[
"1800"
],
[
"53.57"
],
[
"What kind of change are you asking about?"
],
[
"157"
]
] |
[
[
"",
"September 2019",
"September 2018"
],
[
"Trademarks and tradenames (Retail Segment)",
"$500,000",
"$3,373,269"
],
[
"ustomer relationships (Wholesale Segment) (less accumulated amortization of approximately $2.1 million at both September 2019 and September 2018)",
"—",
"41,667"
],
[
"",
"$ 500,000",
"$3,414,936"
]
] |
[
"Other intangible assets at fiscal year ends 2019 and 2018 consisted of the following:",
"Goodwill, trademarks and tradenames are considered to have indefinite useful lives and therefore no amortization has been taken on these assets. The Company’s retail reporting unit recorded intangible asset (trademarks and tradenames) impairment charges of approximately $2.9 million during fiscal 2019 and goodwill impairment charges of approximately $1.9 million during fiscal 2018 when it was determined that the carrying values of these assets exceeded their fair values. These impairment charges arose from a range of considerations including, but not limited to, heightened competition in the industry, retail sector market conditions, and earning shortfalls which impacted the Company’s projections of future cash flows to be generated. These impairment charges were recorded in the Company’s consolidated statement of operations as a component of operating income.",
"Goodwill recorded on the Company’s consolidated balance sheet represents amounts allocated to its wholesale reporting unit which totaled $4.4 million at both September 2019 and September 2018. The Company determined that the estimated fair value of its wholesale reporting unit exceeded its carrying value at both September 2019 and September 2018."
] |
[
"What does goodwill recorded on the Company’s consolidated balance sheet represent?",
"What are the respective intangible asset impairment charges during fiscal 2018 and 2019?",
"How about trademarks and tradenames?",
"What is the percentage change in its value between 2018 and 2019?",
"How about that in the value of company's customer relationships?",
"What is the value of the company's trademarks and tradenames as a percentage of its total intangible assets in 2018?"
] |
[
[
"represents amounts allocated to its wholesale reporting unit"
],
[
"$1.9 million",
"$2.9 million"
],
[
"$3,373,269",
"$500,000"
],
[
"-85.18"
],
[
"-100"
],
[
"98.78"
]
] |
[
[
"",
"",
"Fiscal Years Ended March 31,",
""
],
[
"",
"2019",
"2018",
"2017"
],
[
"Net sales (1)",
"$1,382,818",
"$1,200,181",
"$757,338"
],
[
"Cost of sales (1)",
"924,276",
"860,744",
"571,944"
],
[
"Gross Margin (GAAP) (1)",
"458,542",
"339,437",
"185,394"
],
[
"Gross margin as a % of net sales",
"33.2%",
"28.3%",
"24.5%"
],
[
"Non-GAAP adjustments:",
"",
"",
""
],
[
"Plant start-up costs (2)",
"(927)",
"929",
"427"
],
[
"Stock-based compensation expense",
"2,756",
"1,519",
"1,384"
],
[
"Adjusted gross margin (non-GAAP) (1)",
"$460,371",
"$341,885",
"$187,205"
],
[
"Adjusted gross margin as a % of net sales",
"33.3%",
"28.5%",
"24.7%"
]
] |
[
"Non-GAAP Financial Measures",
"To complement our Consolidated Statements of Operations and Cash Flows, we use non-GAAP financial measures of Adjusted gross margin, Adjusted operating income, Adjusted net income, and Adjusted EBITDA. We believe that Adjusted gross margin, Adjusted operating income, Adjusted net income, and Adjusted EBITDA are complements to U.S. GAAP amounts and such measures are useful to investors. The presentation of these non-GAAP measures is not meant to be considered in isolation or as an alternative to net income as an indicator of our performance, or as an alternative to cash flows from operating activities as a measure of liquidity.",
"The following table provides a reconciliation from U.S. GAAP Gross margin to non-GAAP Adjusted gross margin (amounts in thousands):",
"(1) Fiscal years ending March 31, 2018 and 2017 adjusted due to the adoption of ASC 606.",
"(2) $0.9 million in costs incurred during fiscal year 2018 related to the relocation of the Company's tantalum powder facility equipment from Carson City, Nevada to its existing Matamoros, Mexico plant were reclassified from “Plant start-up costs” to “Restructuring charges” during fiscal year 2019."
] |
[
"Which years does the table provide information for the reconciliation from U.S. GAAP Gross margin to non-GAAP Adjusted gross margin?",
"What was the gross margin (GAAP)?",
"2017",
"How about the net sales in 2018?",
"What was its change between 2017 and 2019?",
"What was the percentage change in Stock-based compensation expense?",
"Between 2018 and 2019.",
"How many years did cost of sales exceed $800,000 thousand?"
] |
[
[
"2019",
"2018",
"2017"
],
[
"Which year are you asking about?"
],
[
"185,394"
],
[
"1,200,181"
],
[
"625480"
],
[
"Which period are you asking about?"
],
[
"81.44"
],
[
"2"
]
] |
[
[
"",
"As at 30 Mar 2019",
"",
"As at 31 Mar 2018",
""
],
[
"",
"Property",
"Plant and Equipment",
"Property",
"Plant and Equipment"
],
[
"",
"£m",
"£m",
"£m",
"£m"
],
[
"Within one year",
"1.8",
"1.3",
"2.5",
"1.8"
],
[
"Between 2 and 5 years",
"6.3",
"2.4",
"5.3",
"1.9"
],
[
"After 5 years",
"6.0",
"0.5",
"9.4",
"–"
],
[
"Total",
"14.1",
"4.2",
"17.2",
"3.7"
]
] |
[
"24. Operating lease commitments",
"The Group has lease agreements in respect of property, plant and equipment, for which future minimum payments extend over a number of years.",
"Leases primarily relate to the Group’s properties, which principally comprise offices and factories. Lease payments are typically subject to market review every five years to reflect market rentals, but because of the uncertainty over the amount of any future changes, such changes have not been reflected in the table below. Within our leasing arrangements there are no significant contingent rental, renewal, purchase or escalation clauses.",
"The future aggregate minimum lease payments under non-cancellable operating leases for continuing operations are as follows:",
"The Group has made provision for the aggregate minimum lease payments under non-cancellable operating leases. The Group sub-lets various properties under non-cancellable lease arrangements. Sub-lease receipts of £0.2m (2017/18: £0.2m) were recognised in the statement of profit or loss during the period. The total future minimum sub-lease payments at the period end is £0.2m (2017/18: £0.2m)."
] |
[
"What was the payment within between 2 and 5 years in 2019?",
"Property",
"How about that within one year?",
"What was the change in this amount from 2018 to 2019?",
"What was the total property payment in 2019?",
"What is its change from 2018 to 2019?",
"What is the average plant and equipment payment due between 2 and 5 years in these two years?"
] |
[
[
"What kind of payment are you asking about?"
],
[
"6.3"
],
[
"1.8"
],
[
"-0.7"
],
[
"14.1"
],
[
"-3.1"
],
[
"2.15"
]
] |
[
[
"",
"March 31,",
""
],
[
"",
"2019",
"2018"
],
[
"Total assets:",
"",
""
],
[
"Solid Capacitors",
"$794,402",
"$704,851"
],
[
"Film and Electrolytic (1)",
"219,711",
"240,968"
],
[
"MSA",
"234,419",
"254,193"
],
[
"Corporate",
"69,563",
"22,911"
],
[
"",
"$1,318,095",
"$1,222,923"
]
] |
[
"The following tables summarize information for operating income (loss), depreciation and amortization, restructuring charges, gain (loss) on write down and disposal of long-lived assets, and capital expenditures by reportable segment for the fiscal years ended 2019, 2018 and 2017 and total assets by reportable segment for the fiscal years ended 2019 and 2018 (amounts in thousands): The following tables summarize information for operating income (loss), depreciation and amortization, restructuring charges, gain (loss) on write down and disposal of long-lived assets, and capital expenditures by reportable segment for the fiscal years ended 2019, 2018 and 2017 and total assets by reportable segment for the fiscal years ended 2019 and 2018 (amounts in thousands):",
"(1) March 31, 2018 adjusted due to the adoption of ASC 606."
] |
[
"Which years does the table provide information for total assets by reportable segment?",
"What were the assets in 2018?",
"The total Corporate assets.",
"How about that in MSA in 2019?",
"What was the change in this amount between 2018 and 2019?",
"How about that in total assets in Solid Capacitors?",
"What was the percentage change total amount of assets across all segments between 2018 and 2019?"
] |
[
[
"2019",
"2018"
],
[
"What kind of assets are you asking about?"
],
[
"22,911"
],
[
"234,419"
],
[
"-19774"
],
[
"89551"
],
[
"7.78"
]
] |
[
[
"",
"",
"Fiscal",
""
],
[
"",
"2019",
"2018",
"2017"
],
[
"",
"",
"(in millions)",
""
],
[
"Number of common shares repurchased",
"12",
"10",
"8"
],
[
"Repurchase value",
"$ 1,014",
"$ 966",
"$ 621"
]
] |
[
"Share Repurchase Program",
"In both fiscal 2019 and 2018, our board of directors authorized increases of $1.5 billion in our share repurchase program. Common shares repurchased under the share repurchase program were as follows:",
"At fiscal year end 2019, we had $1.5 billion of availability remaining under our share repurchase authorization."
] |
[
"What was authorized by the board of directors in 2018 and 2019?",
"What was the availability remaining under the share repurchase authorization in 2019?",
"Which years was the Repurchase value calculated in?",
"Which year was the Number of common shares repurchased the largest?",
"What was its change?",
"From 2018 to 2019.",
"What was this change in percentage?"
] |
[
[
"increases of $1.5 billion in our share repurchase program"
],
[
"$1.5 billion"
],
[
"2019",
"2018",
"2017"
],
[
"2019"
],
[
"Which period are you asking about?"
],
[
"2"
],
[
"20"
]
] |
[
[
"(In thousands)",
"2019",
"2018",
"2017"
],
[
"Total revenues",
"$ 349,640",
"$ 346,251",
"$ 350,611"
],
[
"Income from operations",
"100,182",
"100,571",
"104,973"
],
[
"Net income before taxes",
"99,146",
"99,408",
"103,497"
],
[
"Net income",
"99,146",
"99,408",
"103,497"
],
[
"Current assets",
"$ 80,655",
"$ 75,040",
"$ 78,782"
],
[
"Non-current assets",
"156,672",
"103,996",
"95,959"
],
[
"Current liabilities",
"33,292",
"24,719",
"22,472"
],
[
"Non-current liabilities",
"92,477",
"51,840",
"51,463"
],
[
"Partnership equity",
"111,558",
"102,478",
"100,806"
]
] |
[
"Equity Method We own 20.51%of GTE Mobilnet of Texas RSA #17 Limited Partnership (“RSA #17”), 16.67% of Pennsylvania RSA 6(I) Limited Partnership (“RSA 6(I)”) and 23.67% of Pennsylvania RSA 6(II) Limited Partnership (“RSA 6(II)”). RSA #17 provides cellular service to a limited rural area in Texas.",
"RSA 6(I) and RSA 6(II) provide cellular service in and around our Pennsylvania service territory. Because we have significant influence over the operating and financial policies of these three entities, we account for the investments using the equity method. In connection with the adoption of ASC 606 by our equity method partnerships, the value of our combined partnership interests increased $1.8 million, which is reflected in the cumulative effect adjustment to retained earnings during the year ended December 31, 2018.",
"In 2019, 2018 and 2017, we received cash distributions from these partnerships totaling $19.0 million, $21.8 million and $17.2 million, respectively. The carrying value of the investments exceeds the underlying equity in net assets of the partnerships by $32.8 million as of December 31, 2019 and 2018.",
"The combined results of operations and financial position of our three equity investments in the cellular limited partnerships are summarized below:"
] |
[
"What is the company's ownership of GTE Mobilnet of Texas RSA#17?",
"What was the cash distribution received from partnerships?",
"2019",
"What is the total revenues for that year?",
"What was its increase / (decrease) from 2018 to 2019?",
"What was the percentage increase / (decrease) in the net income in that period?",
"What was the average income from operations?",
"2017-2019"
] |
[
[
"20.51%"
],
[
"Which year are you asking about?"
],
[
"$19.0 million"
],
[
"$ 349,640"
],
[
"3389"
],
[
"-0.26"
],
[
"Which period are you asking about?"
],
[
"101908.67"
]
] |
[
[
"",
"",
"",
"As of December 31,",
"",
""
],
[
"",
"2019",
"2018",
"2017",
"2016",
"2015"
],
[
"Balance sheet and other data:",
"",
"",
"",
"",
""
],
[
"Cash and cash equivalents",
"$119,629",
"$146,061",
"$96,329",
"$140,634",
"$128,358"
],
[
"Working capital",
"167,879",
"152,793",
"119,433",
"150,485",
"131,971"
],
[
"Total assets",
"557,799",
"440,985",
"371,641",
"261,245",
"226,095"
],
[
"Total long-term obligations",
"115,143",
"88,126",
"94,311",
"30,297",
"26,885"
],
[
"Total stockholders' equity",
"355,651",
"277,589",
"232,827",
"191,249",
"170,131"
]
] |
[
"ITEM 6. SELECTED FINANCIAL DATA",
"The selected consolidated statements of operations data for the years ended December 31, 2019, 2018 and 2017 and the selected consolidated balance sheet data as of December 31, 2019 and 2018 are derived from our audited consolidated financial statements included elsewhere in this Annual Report. The selected consolidated statements of operations data for the years ended December 31, 2016 and 2015 and the selected consolidated balance sheet data as of December 31, 2017, 2016 and 2015 are derived from our audited consolidated financial statements not included in this Annual Report. Our historical results are not necessarily indicative of the results to be expected in the future. The selected financial data should be read together with Item 7. \"Management’s Discussion and Analysis of Financial Condition and Results of Operations\" and in conjunction with our consolidated financial statements, related notes, and other financial information included elsewhere in this Annual Report. The following tables set forth our selected consolidated financial and other data for the years ended and as of December 31, 2019, 2018, 2017, 2016 and 2015 (in thousands, except share and per share data).",
"Information about prior period acquisitions that may affect the comparability of the selected financial information presented below is included in Item 1. Business. Information about the $28.0 million expense recorded in general and administrative expense in 2018, which relates to the agreement reached to settle the legal matter alleging violations of the Telephone Consumer Protection Act, or TCPA, and may affect the comparability of the selected financial information presented below, is disclosed in Item 3. “Legal Proceedings.” Information about the $1.7 million of interest recorded within interest income and the $6.9 million of gain recorded within other income, net, in 2019, which relates to promissory note proceeds received from one of our hardware suppliers and proceeds from an acquired promissory note, and may affect the comparability of the selected financial information presented below, is disclosed in Item 7. \"Management’s Discussion and Analysis of Financial Condition and Results of Operations.\"",
"Certain previously reported amounts in the consolidated statements of operations for the years ended December 31, 2018, 2017, 2016 and 2015 have been reclassified to conform to our current presentation to reflect interest income as a separate line item, which was previously included in other income, net."
] |
[
"Which years does the table provide data for total assets?",
"What were the cash and cash equivalents in 2019?",
"How about the working capital in 2018?",
"What was its change between 2015 and 2016?",
"What was the change in total stockholders' equity?",
"Between 2016 and 2017.",
"What was the percentage change in the total assets between 2018 and 2019?"
] |
[
[
"2019",
"2018",
"2017",
"2016",
"2015"
],
[
"$119,629"
],
[
"152,793"
],
[
"18514"
],
[
"Which period are you asking about?"
],
[
"41578"
],
[
"26.49"
]
] |
[
[
"",
"",
"Year ended March 31, ",
""
],
[
"",
"2019",
"2018",
"2017"
],
[
"Tax at statutory rate",
"19.0%",
"19.0%",
"20.0%"
],
[
"U.S. state taxes, net of federal",
"31.1",
"14.1",
"(1.0)"
],
[
"Foreign rate differential ",
"26.3",
"36.8",
"(39.3)"
],
[
"Meals and entertainment ",
"(11.4)",
"(3.1)",
"(7.4)"
],
[
"Branch income / loss ",
"(0.6)",
"0.4",
"0.9"
],
[
"Share-based compensation",
"172.3",
"105.3",
"(4.0)"
],
[
"Foreign exchange ",
"—",
"—",
"(24.8)"
],
[
"Non-deductible interest expense ",
"—",
"—",
"(3.3)"
],
[
"Tax credits",
"7.7",
"8.1",
"15.6"
],
[
"Unremitted earnings ",
"(3.8)",
"(1.2)",
"—"
],
[
"Change in valuation allowance ",
"(249.9)",
"(110.7)",
"124.7"
],
[
"Deferred tax true-ups ",
"(3.5)",
"8.4",
"(12.4)"
],
[
"Tax reserves ",
"(4.9)",
"(21.5)",
"(117.7)"
],
[
"Provision to return ",
"(0.1)",
"0.4",
"(0.7)"
],
[
"Withholding taxes ",
"(2.6)",
"(3.5)",
"—"
],
[
"Other foreign taxes ",
"—",
"—",
"(6.7)"
],
[
"Non-deductible expenses ",
"(5.2)",
"(2.4)",
"(10.6)"
],
[
"Deferred tax rate change ",
"(6.3)",
"(77.8)",
"(1.3)"
],
[
"Acquisition related costs ",
"(7.6)",
"—",
"—"
],
[
"Other ",
"(0.5)",
"(0.2)",
"—"
],
[
"Effective Tax Rate ",
"(40.0)%",
"(27.9)%",
"(68.0)%"
]
] |
[
"The reconciliation of the United Kingdom statutory tax rate to the Company’s effective tax rate included in the accompanying consolidated statements of operations is as follows:",
"Although the Company’s parent entity is organized under Jersey law, our affairs are, and are intended to be, managed and controlled ongoing in the United Kingdom. Therefore, the Company is resident in the United Kingdom for tax purposes. The Company’s parent entity is domiciled in the United Kingdom and its earnings are subject to 19%, 19% and 20% statutory tax rate for the years ended March 31, 2019, 2018 and 2017, respectively.",
"The Company’s effective tax rate differs from the statutory rate each year primarily due to windfall tax benefits on equity award exercises, the valuation allowance maintained against the Company’s net deferred tax assets, the jurisdictional earnings mix, tax credits, withholding taxes, and other permanent differences primarily related to non-deductible expenses."
] |
[
"Which country controls the company's affairs?",
"What is the reason for the company's effective tax to differ from the statutory rate?",
"What was the Tax at statutory rate?",
"In 2019, 2018 and 2017 respectively.",
"What was the change in the U.S. state taxes, net of federal?",
"From 2018 to 2019.",
"What was the average Share-based compensation between 2017-2019?",
"In which year was Tax credits less than 10.0?"
] |
[
[
"United Kingdom"
],
[
"primarily due to windfall tax benefits on equity award exercises, the valuation allowance maintained against the Company’s net deferred tax assets, the jurisdictional earnings mix, tax credits, withholding taxes, and other permanent differences primarily related to non-deductible expenses."
],
[
"Which year are you asking about?"
],
[
"19.0%",
"19.0%",
"20.0%"
],
[
"Which period are you asking about?"
],
[
"17"
],
[
"91.2"
],
[
"2019",
"2018"
]
] |
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