table
listlengths 4
29
| paragraphs
listlengths 2
29
| questions
listlengths 6
10
| answers
listlengths 6
10
|
|---|---|---|---|
[
[
"",
"2019",
"2018"
],
[
"",
"£m",
"£m"
],
[
"Net debt",
"295.2",
"235.8"
],
[
"IFRS 16 lease liabilities",
"38.9",
"–"
],
[
"Net debt and IFRS 16 lease liabilities",
"334.1",
"235.8"
]
] |
[
"Net debt including IFRS 16 lease liabilities",
"A reconciliation between net debt and net debt including IFRS 16 lease liabilities is given below. A breakdown of the balances that are included within net debt is given within Note 24. Net debt excludes IFRS 16 lease liabilities to enable comparability with prior years."
] |
[
"What does net debt exclude?",
"Where is the breakdown of the balances that are included within net debt given?",
"What is the Net debt and IFRS 16 lease liabilities for 2018 and 2019 respectively?",
"What was its change in that period?",
"What was its percentage change?",
"In which year is the amount larger?",
"The amount of net debt."
] |
[
[
"IFRS 16 lease liabilities to enable comparability with prior years"
],
[
"within Note 24"
],
[
"235.8",
"334.1"
],
[
"98.3"
],
[
"41.69"
],
[
"What kind of amount are you asking for?"
],
[
"2019"
]
] |
[
[
"",
"2019",
"2018"
],
[
"",
"£m",
"£m"
],
[
"Wages and salaries",
"345.6",
"325.9"
],
[
"Social security costs",
"71.6",
"58.7"
],
[
"Pension costs",
"21.5",
"19.3"
],
[
"Total payroll costs",
"438.7",
"403.9"
]
] |
[
"5 Staff costs and numbers",
"The aggregate payroll costs of persons employed by the Group were as follows:"
] |
[
"What information does the table provide?",
"What was the total payroll costs in 2018?",
"What are the difference components that make up these costs? ",
"In which year was the amount larger?",
"The amount of wages and salaries.",
"What was the change in costs in 2019 from 2018?",
"Social security costs.",
"What was its percentage change?"
] |
[
[
"The aggregate payroll costs of persons employed by the Group"
],
[
"403.9"
],
[
"Wages and salaries",
"Social security costs",
"Pension costs"
],
[
"What kind of amount are you asking about?"
],
[
"2019"
],
[
"What kind of costs are you asking about?"
],
[
"12.9"
],
[
"21.98"
]
] |
[
[
"",
"Fiscal",
""
],
[
"",
"2019",
"2018"
],
[
"Net cash provided by operating activities",
"$181,401",
"$236,111"
],
[
"Purchases of property and equipment",
"(83,283)",
"(90,757)"
],
[
"Acquisition of businesses, net of cash acquired",
"(18,881)",
"(45,448)"
],
[
"Proceeds from sale of discontinued operation (the Hull Business)",
"—",
"25,000"
],
[
"Proceeds from sales of other entities",
"—",
"6,250"
],
[
"Borrowings, net of repayments",
"263",
"(173,252)"
],
[
"Issuance of shares under employee stock plans",
"11,811",
"10,574"
],
[
"Repurchase of common stock",
"(77,410)",
"(100,000)"
],
[
"Net settlement of restricted common stock",
"(15,179)",
"(36,320)"
]
] |
[
"Sources and Uses of Cash",
"Historically, our primary source of cash has been provided by operations. Other sources of cash in the past three fiscal years include proceeds from our Euro Term Loan used to finance our acquisition of Rofin, proceeds received from the sale of our stock through our employee stock purchase plan as well as borrowings under our revolving credit facility (‘‘Revolving Credit Facility’’). Our historical uses of cash have primarily been for acquisitions of businesses and technologies, the repurchase of our common stock, capital expenditures and debt issuance costs. Supplemental information pertaining to our historical sources and uses of cash is presented as follows and should be read in conjunction with our Consolidated Statements of Cash Flows and notes thereto (in thousands):",
"Net cash provided by operating activities decreased by $54.7 million in fiscal 2019 compared to fiscal 2018. The decrease in cash provided by operating activities in fiscal 2019 was primarily due to lower net income and lower cash flows from income taxes payable and deferred taxes, partially offset by higher cash flows from accounts receivable, inventories, deferred revenue and accrued payroll. We believe that our existing cash, cash equivalents and short term investments combined with cash to be provided by operating activities and amounts available under our Revolving Credit Facility will be adequate to cover our working capital needs and planned capital expenditures for at least the next 12 months to the extent such items are known or are reasonably determinable based on current business and market conditions. However, we may elect to finance certain of our capital expenditure requirements through other sources of capital. We continue to follow our strategy to further strengthen our financial position by using available cash flow to fund operations."
] |
[
"In which years are the uses of cash highlighted in the table?",
"What was the Net cash provided by operating activities?",
"2019",
"What was the Purchases of property and equipment in 2018?",
"What was the change in Issuance of shares under employee stock plans in 2019 from 2018?",
"What was its percentage change?",
"In which year was its amount larger?"
] |
[
[
"2019",
"2018"
],
[
"Which year are you asking about?"
],
[
"$181,401"
],
[
"(90,757)"
],
[
"1237"
],
[
"11.7"
],
[
"2019"
]
] |
[
[
"(in thousands)",
"As of November 30, 2018",
"Topic 606 Adoption Adjustments",
"As of December 1, 2018"
],
[
"Assets",
"",
"",
""
],
[
"Trade receivables, net of allowances for doubtful accounts",
"$1,315,578",
"$43,028",
"$1,358,606"
],
[
"Prepaid expenses and other current assets",
"312,499",
"186,220",
"498,719"
],
[
"Other assets",
"186,522",
"273,421",
"459,943"
],
[
"Liabilities and Stockholders’ Equity",
"",
"",
""
],
[
"Accrued expenses",
"1,163,185",
"30,358",
"1,193,543"
],
[
"Deferred revenue, current",
"2,915,974",
"(52,842)",
"2,863,132"
],
[
"Deferred income taxes",
"46,702",
"82,834",
"129,536"
],
[
"Retained earnings",
"$11,815,597",
"$442,319",
"$12,257,916"
]
] |
[
"Recently Adopted Accounting Guidance",
"On May 28, 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers, Topic 606, requiring an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. Topic 606 also includes Subtopic 340-40, Other Assets and Deferred Costs - Contracts with Customers, which requires the capitalization of incremental costs to obtain a contract with a customer. The new revenue standard replaces most existing revenue recognition guidance in GAAP and permits the use of either the full retrospective or modified retrospective transition method.",
"On December 1, 2018, the beginning of our fiscal year 2019, we adopted the requirements of the new revenue standard utilizing the modified retrospective method of transition. Prior period information has not been restated and continues to be reported under the accounting standard in effect for those periods. We applied the new revenue standard to contracts that were not completed as of the adoption date, consistent with the transition guidance. Further, adoption of the new revenue standard resulted in changes to our accounting policies for revenue recognition and sales commissions as detailed below.",
"We recognized the following cumulative effects of initially applying the new revenue standard as of December 1, 2018",
"Below is a summary of the adoption impacts of the new revenue standard:",
"We capitalized $413.2 million of contract acquisition costs comprised of sales and partner commission costs at adoption date (included in prepaid expenses and other current assets for the current portion and other assets for the long-term portion), with a corresponding adjustment to retained earnings. We are amortizing these costs over their respective expected period of benefit.",
"Revenue for certain contracts that were previously deferred would have been recognized in periods prior to adoption under the new standard. Upon adoption, we recorded the following adjustments to our beginning balances to reflect the amount of revenue that will no longer be recognized in future periods for such contracts: an increase in unbilled receivables (included in trade receivables, net) of $24.8 million, an increase in contract assets (included in prepaid expenses and other current assets for the current portion and other assets for the long-term portion) of $46.4 million and a decrease in deferred revenue of $52.8 million, with corresponding adjustments to retained earnings.",
"We recorded an increase to our opening deferred income tax liability of $82.8 million, with a corresponding adjustment to retained earnings, to record the tax effect of the above adjustments.",
"Further, we had other impacts to various accounts which resulted to an immaterial net reduction to our retained earnings."
] |
[
"What does topic 606 require a company to do?",
"When did the company adopt the new revenue standard requirements?",
"What is the value of capitalised contract acquisition costs?",
"How much was the Trade receivables, net of allowances for doubtful accounts changed by Topic 606?",
"What is the total assets?",
"As of November 30 2018.",
"After the Topic 606 adjustments, what is the percentage change in deferred revenue, current? "
] |
[
[
"requiring an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers.",
"requires the capitalization of incremental costs to obtain a contract with a customer."
],
[
"December 1, 2018"
],
[
"$413.2 million"
],
[
"3.27"
],
[
"As of which date are you asking about?"
],
[
"1814599"
],
[
"-1.85"
]
] |
[
[
"",
"",
"",
"Payments due by period",
"",
""
],
[
"",
"Total",
"2020",
"2021-2022",
"2023-2024",
"2025-beyond"
],
[
"Long-term debt, including interest",
"$111,586",
"$2,807",
"$5,876",
"$102,903",
"$—"
],
[
"Operating lease payments",
"37,610",
"4,467",
"8,764",
"7,813",
"16,566"
],
[
"Retirement obligations",
"6,447",
"757",
"1,429",
"1,328",
"2,933"
],
[
"Total",
"$155,643",
"$8,031",
"$16,069",
"$112,044",
"$19,499"
]
] |
[
"Contractual Obligations",
"Our contractual obligations as of December 31, 2019, were:",
"We have no off-balance sheet arrangements that have a material current effect or are reasonably likely to have a material future effect on our financial condition or changes in our financial condition.",
"Management believes that existing capital resources and funds generated from operations are sufficient to finance anticipated capital requirements."
] |
[
"What does the table show?",
"What were the Operating lease payments for payments due?",
"2020",
"What was the difference between total Operating lease payments and Retirement obligations payments ?",
"What were the total contractual obligations?",
"What was its percentage change due between 2020 and 2021-2022?",
"What was the difference between Long-term debt, including interest and Operating lease payments ?",
"Payments due in 2023-2024."
] |
[
[
"contractual obligations as of December 31, 2019"
],
[
"Which year are you asking about?"
],
[
"4,467"
],
[
"31163"
],
[
"155,643"
],
[
"100.09"
],
[
"Which payments due are you asking for?"
],
[
"95090"
]
] |
[
[
"",
"Secured loans excluding deposits",
"Unsecured loans",
"Deposits",
"Total Indebtedness"
],
[
"",
"Note 1",
"Note 2",
"Note 3",
""
],
[
"Indebtedness at the beginning of the financial year",
"",
"",
"",
""
],
[
"i) Principal Amount",
"44",
"181",
"3",
"228"
],
[
"ii) Interest due but not paid",
"-",
"-",
"-",
"-"
],
[
"iii) Interest accrued but not due",
"-",
"-",
"-",
"-"
],
[
"Total (i+ii+iii)",
"44",
"181",
"3",
"228"
],
[
"Change in Indebtedness during the financial year",
"",
"",
"",
""
],
[
"• Addition",
"-",
"-",
"1",
"1"
],
[
"• Reduction",
"(5)",
"(181)",
"-",
"(186)"
],
[
"Net change",
"(5)",
"(181)",
"1",
"(185)"
],
[
"Indebtedness at the end of the financial year",
"",
"",
"",
""
],
[
"i) Principal amount",
"39",
"-",
"4",
"43"
],
[
"ii) Interest due but not paid",
"-",
"-",
"-",
"-"
],
[
"iii) Interest accrued but not due",
"-",
"-",
"-",
"-"
],
[
"Total (i+ii+iii)",
"39",
"-",
"4",
"43"
]
] |
[
"V. INDEBTEDNESS",
"Indebtedness of the Company including interest outstanding/accrued but not due for payment",
"Notes:",
"1. Secured loans excluding deposits of `39 crore as at March 31, 2019, represents obligations under finance lease including current portion of obligations.",
"2. Opening balance as at April 1, 2018, of unsecured loans represent bank overdraft of `181 crore.",
"3. Deposits represent amounts received from lessee for the premises given on sub-lease and from vendors for contracts to be executed."
] |
[
"What was the value of deposits as at March 31, 2019?",
"What is the value of the bank overdraft as at April 1, 2018?",
"What are deposits?",
"What percentage of total indebtedness is made up of deposits?",
"At the begining of the financial year.",
"At the end of the financial year, what percentage of it is made up of secured loans excluding deposits?",
"What is the percentage change in indebtedness at the beginning and the end of the financial year?"
] |
[
[
"`39 crore"
],
[
"`181 crore"
],
[
"Deposits represent amounts received from lessee for the premises given on sub-lease and from vendors for contracts to be executed."
],
[
"Which period of the financial year are you asking for?"
],
[
"1.32"
],
[
"90.7"
],
[
"81.14"
]
] |
[
[
"Date Declared",
"Record Date",
"Dividend per Share",
"Total Amount",
"Payment Date"
],
[
"",
"",
"",
"(in millions)",
""
],
[
"November 21, 2019",
"12/2/2019",
"$0.250",
"$273",
"12/13/2019"
],
[
"August 22, 2019",
"9/2/2019",
"0.250",
"273",
"9/13/2019"
],
[
"May 23, 2019",
"6/3/2019",
"0.250",
"274",
"6/14/2019"
],
[
"March 1, 2019",
"3/12/2019",
"0.250",
"273",
"3/22/2019"
],
[
"November 14, 2018",
"11/26/2018",
"0.540",
"586",
"12/7/2018"
],
[
"August 21, 2018",
"8/31/2018",
"0.540",
"584",
"9/14/2018"
],
[
"May 23, 2018",
"6/4/2018",
"0.540",
"588",
"6/15/2018"
],
[
"February 21, 2018",
"3/5/2018",
"0.540",
"586",
"3/16/2018"
]
] |
[
"(23) Dividends",
"Our Board of Directors declared the following dividends payable in 2019 and 2018:",
"The declaration of dividends is solely at the discretion of our Board of Directors, which may change or terminate our dividend practice at any time for any reason without prior notice. On February 27, 2020, our Board of Directors declared a quarterly cash dividend of $0.25 per share."
] |
[
"What can the Board of Directors do regarding the declaration of dividends?",
"What was the per share value of dividends declared on February 27, 2020?",
"What were the dates where the Board of Directors declared the dividends payable in the table?",
"How many different declared dates in 2018 and 2019?",
"How many of them had a dividend per share of $0.250?",
"What is the average total amount of dividend value for 2018 and 2019?"
] |
[
[
"may change or terminate our dividend practice at any time for any reason without prior notice"
],
[
"quarterly cash dividend of $0.25 per share"
],
[
"November 21, 2019",
"August 22, 2019",
"May 23, 2019",
"March 1, 2019",
"November 14, 2018",
"August 21, 2018",
"May 23, 2018",
"February 21, 2018"
],
[
"8"
],
[
"4"
],
[
"429.62"
]
] |
[
[
"Name and address of Beneficial Owner",
"Amount of Beneficial Ownership",
"Percent of Beneficial Ownership"
],
[
"Garo H. Armen (1)",
"4,741,323 (2)",
"36%"
],
[
"Robert B. Stein (1)",
"502,500 (3)",
"4%"
],
[
"Khalil Barrage (1)",
"380,000 (4)",
"3%"
],
[
"Alexander K. Arrow (1)",
"671,799 (5)",
"6%"
],
[
"Larry N. Feinberg 808 North St., Greenwich, CT 06831",
"800,000 (6)",
"7%"
],
[
"Brian J. Corvese (1)",
"145,000 (7)",
"1%"
],
[
"David A. Lovejoy",
"668,037 (8)",
"6%"
],
[
"Josh Silverman (1)",
"140,000 (9)",
"1%"
],
[
"Strategic Bio Partners LLC (10) 777 Third Avenue 30th Floor New York, NY 10017",
"1,895,945 (11)",
"17%"
],
[
"All directors and executive officers as a group (6 persons)",
"6,580,622 (12)",
"44%"
]
] |
[
"Security Ownership of Certain Beneficial Owners and Management",
"The following table summarizes the beneficial owners of more than 5% of the Company’s voting securities and the securities of the Company beneficially owned by the Company’s directors and officers as of April 27, 2020."
] |
[
"What is the amount and percent of beneficial ownership? ",
"The beneficial ownership owned by Garo H. Armen.",
"How about that owned by Robert B. Stein?",
"And Khalil Barrage?",
"Who owns the largest percent of beneficial ownership?",
"How about the smallest percent?",
"What is the proportion of Josh Silverman's beneficial ownership as a percentage of Larry N. Feinberg's beneficial ownership?"
] |
[
[
"Whose beneficial ownership are you asking about?"
],
[
"4,741,323",
"36%"
],
[
"502,500",
"4%"
],
[
"380,000",
"3%"
],
[
"Garo H. Armen"
],
[
"Josh Silverman"
],
[
"17.5"
]
] |
[
[
"",
"December 31,",
""
],
[
"(In millions)",
"2019",
"2018"
],
[
"Short-term borrowings",
"$ 98.9",
"$ 232.8"
],
[
"Current portion of long-term debt",
"16.7",
"4.9"
],
[
"Total current debt",
"115.6",
"237.7"
],
[
"Total long-term debt, less current portion(1)",
"3,698.6",
"3,236.5"
],
[
"Total debt",
"3,814.2",
"3,474.2"
],
[
"Less: Cash and cash equivalents",
"(262.4)",
"(271.7)"
],
[
"Net debt",
"$ 3,551.8",
"$ 3,202.5"
]
] |
[
"Outstanding Indebtedness",
"At December 31, 2019 and 2018, our total debt outstanding consisted of the amounts set forth in the following table.",
"(1) Amounts are net of unamortized discounts and debt issuance costs of $25 million and $24 million as of December 31, 2019 and 2018, respectively. See Note 14, “Debt and Credit Facilities,” of the Notes to Consolidated Financial Statements for further details."
] |
[
"For Total long-term debt, less current portion in 2019, what is the net of unamortized discounts and debt issuance cost?",
"What unit is the table expressed by?",
"For what years of Outstanding Indebtedness are shown in the table? ",
"What is the percentage change of Net debt in these years?",
"What is the average annual debt for years 2018 and 2019?",
"Total debt.",
"What is the Total long-term debt without accounting for unamortized discounts and debt issuance costs?",
"2019"
] |
[
[
"$25 million"
],
[
"In millions"
],
[
"2018",
"2019"
],
[
"10.91"
],
[
"What kind of debt are you asking about?"
],
[
"3644.2"
],
[
"Which year are you asking about?"
],
[
"3673.6"
]
] |
[
[
"",
"2019 NUMBER",
"2018 NUMBER"
],
[
"Outstanding at the beginning of the period",
"768,806",
"3,384,696"
],
[
"Granted during the period",
"-",
"-"
],
[
"Forfeited during the period",
"(768,806)",
"(2,615,890)"
],
[
"Exercised during the period",
"-",
"-"
],
[
"Outstanding at the end of the period",
"-",
"768,806"
]
] |
[
"5.2 Employee share plans (continued)",
"FY2019, FY2018 & FY2017 offer under LTI Plan",
"Each LTI Plan share is offered subject to the achievement of the performance measure, which is tested once at the end of the performance period. The LTI Plans will be measured against one performance measure – relative Total Shareholder Return (TSR). LTI Plan shares that do not vest after testing of the relevant performance measure, lapse without retesting.",
"The shares will only vest if a certain Total Shareholder Return (TSR) relative to the designated comparator group, being the ASX Small Ordinaries Index excluding mining and energy companies, is achieved during the performance period. In relation to the offer, vesting starts where relative TSR reaches the 50th Percentile.",
"At the 50th Percentile, 50% of LTI Plan shares will vest. All LTI Plan shares will vest if relative TSR is above the 75th Percentile. Between these points, the percentage of vesting increases on a straight-line basis.",
"Summary of Shares issued under the FY2017 LTI Plan",
"The following table illustrates the number of, and movements in, shares issued during the year:"
] |
[
"At which percentile will LTI Plan shares vest?",
"50%",
"When will the shares vest?",
"Which performance measure will the LTI Plans be measured against?",
"What is the percentage change in the outstanding number of shares at the beginning of the period from 2018 to 2019?",
"How about the number of forfeited shares during that period?",
"In which year is the number of shares at the beginning of the period higher?",
"Outstanding shares."
] |
[
[
"What percentage of LTI Plan shares are you asking about?"
],
[
"50th Percentile"
],
[
"if a certain Total Shareholder Return (TSR) relative to the designated comparator group, being the ASX Small Ordinaries Index excluding mining and energy companies, is achieved during the performance period"
],
[
"relative Total Shareholder Return (TSR)"
],
[
"-77.29"
],
[
"-70.61"
],
[
"What kind of shares are you asking for?"
],
[
"2018"
]
] |
[
[
"",
"Years Ended December 31,",
""
],
[
"",
"2019",
"2018"
],
[
"Interest before impact of interest rate caps",
"$25,633",
"$30,709"
],
[
"Impact of interest rate caps",
"—",
"181"
],
[
"Interest expense",
"$25,633",
"$30,890"
]
] |
[
"INTEREST EXPENSE",
"The components of interest expense are as follows:",
"Interest expense, including administrative and other fees, was $25,633 for 2019 compared with $30,890 in 2018. The decrease in interest expense was primarily associated with the impact of the refinancing of our term loan at the end of 2018 and interest capitalized during 2019 due to vessels under construction."
] |
[
"How much was Interest expense, including administrative and other fees?",
"2019",
"How about 2018?",
"What led to the decrease in interest expense?",
"What is the change in Interest before impact of interest rate caps from Years Ended December 31, 2018 to 2019?",
"How about the Interest expense?",
"How about the Interest before impact of interest rate caps?"
] |
[
[
"Which year are you asking about?"
],
[
"$25,633"
],
[
"$30,890"
],
[
"primarily associated with the impact of the refinancing of our term loan at the end of 2018 and interest capitalized during 2019 due to vessels under construction."
],
[
"-5076"
],
[
"-5257"
],
[
"28171"
]
] |
[
[
"",
"",
"",
"Year Ended December 31,",
""
],
[
"",
"2019",
"",
"2018",
""
],
[
"",
"As Reported",
"Pro Forma",
"As Reported",
"Pro Forma"
],
[
"Total sales",
"$788,948",
"$1,202,790",
"$718,892",
"$1,350,037"
],
[
"Net income attributable to Advanced Energy Industries, Inc.",
"$64,941",
"$83,104",
"$147,025",
"$158,422"
],
[
"Earnings per share:",
"",
"",
"",
""
],
[
"Basic earnings per share",
"$1.70",
"$2.17",
"$3.76",
"$4.05"
],
[
"Diluted earnings per share",
"$ 1.69",
"$ 2.16",
"$ 3.74",
"$ 4.03"
]
] |
[
"ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)",
"The following table presents our unaudited pro forma results for the acquisitions of Artesyn and LumaSense:",
"The unaudited pro forma results for all periods presented include adjustments made to account for certain costs and transactions that would have been incurred had the acquisitions been completed at the beginning of the year prior to the year of acquisition. These include adjustments to amortization charges for acquired intangible assets, interest and financing expenses, transaction costs, amortization of purchased gross profit and the alignment of various accounting policies. These adjustments are net of any applicable tax impact and were included to arrive at the pro forma results above.",
"Artesyn’s operating results have been included in the Advanced Energy’s operating results for the periods subsequent to the completion of the acquisition on September 10, 2019. During the year ended December 31, 2019, Artesyn contributed total sales of $220.3 million and net income of $7.1 million, including interest and other expense associated with the financing of the transaction."
] |
[
"What does the table show?",
"What did the unaudited pro forma results for all periods presented include?",
"What was the change in Pro Forma total sales between 2018 and 2019?",
"What was the change in earnings per share as reported between 2018 and 2019?",
"Basic earning per share.",
"What was the total sales as reported?",
"2019",
"What was the percentage change in Net income attributable to Advanced Energy Industries, Inc. as reported between 2018 and 2019"
] |
[
[
"unaudited pro forma results for the acquisitions of Artesyn and LumaSense"
],
[
"adjustments made to account for certain costs and transactions that would have been incurred had the acquisitions been completed at the beginning of the year prior to the year of acquisition."
],
[
"-147247"
],
[
"What kind of earnings per share are you asking about?"
],
[
"-2.06"
],
[
"Which year are you asking about?"
],
[
"$788,948"
],
[
"-55.83"
]
] |
[
[
"FOR THE YEAR ENDED DECEMBER 31",
"NOTE",
"AROs",
"OTHER (1)",
"TOTAL"
],
[
"January 1, 2019",
"",
"199",
"172",
"371"
],
[
"Additions",
"",
"21",
"24",
"45"
],
[
"Usage",
"",
"(4)",
"(52)",
"(56)"
],
[
"Reversals",
"",
"(17)",
"(1)",
"(18)"
],
[
"Adoption of IFRS 16",
"",
"–",
"(11)",
"(11)"
],
[
"December 31, 2019",
"",
"199",
"132",
"331"
],
[
"Current",
"20",
"16",
"17",
"33"
],
[
"Non-current",
"25",
"183",
"115",
"298"
],
[
"December 31, 2019",
"",
"199",
"132",
"331"
]
] |
[
"Note 23 Provisions",
"(1) Other includes environmental, vacant space and legal provisions",
"AROs reflect management’s best estimates of expected future costs to restore current leased premises to their original condition prior to lease inception. Cash outflows associated with our ARO liabilities are generally expected to occur at the restoration dates of the assets to which they relate, which are long-term in nature. The timing and extent of restoration work that will be ultimately required for these sites is uncertain."
] |
[
"What do the AROs reflect?",
"What is the difference in the amount of provisions between AROs and Other?",
"Non-current provisions.",
"What is its ratio for AROs over that of Other?",
"What does 'Other' include?",
"What are the types of provisions within the table? ",
"How many components of provisions are accounted for?"
] |
[
[
"management’s best estimates of expected future costs to restore current leased premises to their original condition prior to lease inception"
],
[
"What kind of provisions are you asking about?"
],
[
"68"
],
[
"1.59"
],
[
"environmental, vacant space and legal provisions"
],
[
"AROs",
"Other"
],
[
"4"
]
] |
[
[
"",
"",
"For the Year Ended",
""
],
[
"",
"January 31, 2020",
"February 1, 2019",
"February 2, 2018"
],
[
"Net income attributable to VMware, Inc.",
"$6,412",
"$1,650",
"$437"
],
[
"Weighted-average shares, basic for Classes A and B",
"417,058",
"413,769",
"410,315"
],
[
"Effect of other dilutive securities",
"8,177",
"7,362",
"10,572"
],
[
"Weighted-average shares, diluted for Classes A and B",
"425,235",
"421,131",
"420,887"
],
[
"Net income per weighted-average share attributable to VMware, Inc. common stockholders, basic for Classes A and B",
"$15.37",
"$3.99",
"$1.07"
],
[
"Net income per weighted-average share attributable to VMware, Inc. common stockholders, diluted for Classes A and B",
"$15.08",
"$3.92",
"$1.04"
]
] |
[
"H. Net Income Per Share",
"Basic net income per share is computed by dividing net income by the weighted-average number of common stock outstanding during the period. Diluted net income per share is computed by dividing net income by the weighted-average number of common stock outstanding and potentially dilutive securities outstanding during the period, as calculated using the treasury stock method. Potentially dilutive securities primarily include unvested restricted stock units (“RSUs”), including PSU awards, and stock options, including purchase options under VMware’s employee stock purchase plan, which included Pivotal’s employee stock purchase plan through the date of acquisition. Securities are excluded from the computation of diluted net income per share if their effect would be anti-dilutive. VMware uses the two-class method to calculate net income per share as both classes share the same rights in dividends; therefore, basic and diluted earnings per share are the same for both classes.",
"The following table sets forth the computations of basic and diluted net income per share during the periods presented (table in millions, except per share amounts and shares in thousands):"
] |
[
"Which years does the table provide information for the computations of basic and diluted net income per share?",
"What was the Net income attributable to VMware, Inc. in 2018?",
"What was its percentage change between 2019 and 2020?",
"What was the Weighted-average shares in 2019?",
"Weighted-average shares, basic for Classes A and B.",
"How many years did its amount exceed $400,000 million?",
"What was the change in the Effect of other dilutive securities between 2018 and 2019?"
] |
[
[
"2020",
"2019",
"2018"
],
[
"437"
],
[
"288.61"
],
[
"What kind of weighted-average shares are you asking about?"
],
[
"413,769"
],
[
"3"
],
[
"-3210"
]
] |
[
[
"",
"",
"",
"Year Ended December 31,",
"",
""
],
[
"",
"2019",
"2018",
"2017",
"2016",
"2015"
],
[
"",
"",
"",
"(In thousands, except per share data)",
"",
""
],
[
"Revenues",
"$111,412",
"$111,322",
"$106,524",
"$114,263",
"$123,961"
],
[
"Income from operations",
"9,464",
"8,238",
"4,545",
"10,186",
"3,820"
],
[
"Income from continuing operations, net of taxes",
"4,155",
"4,661",
"1,592",
"6,007",
"8,523"
],
[
"Income from discontinued operations, net of taxes",
"—",
"—",
"1,938",
"624",
"2,341"
],
[
"Net income",
"$4,155",
"$4,661",
"$3,530",
"$6,631",
"$10,864"
],
[
"Income per share—basic:",
"",
"",
"",
"",
""
],
[
"Continuing operations",
"$0.35",
"$0.38",
"$0.12",
"$0.43",
"$0.58"
],
[
"Discontinued operations",
"—",
"—",
"0.15",
"0.04",
"0.16"
],
[
"Net income per share",
"$0.35",
"$0.38",
"$0.27",
"$0.47",
"$0.74"
],
[
"Income per share—diluted:",
"",
"",
"",
"",
""
],
[
"Continuing operations",
"$0.35",
"$0.37",
"$0.12",
"$0.43",
"$0.58"
],
[
"Discontinued operations",
"—",
"—",
"0.15",
"0.04",
"0.16"
],
[
"Net income per share",
"$0.35",
"$0.37",
"$0.27",
"$0.47",
"$0.74"
],
[
"Shares used in per share calculation from continuing operations —basic",
"11,809",
"12,323",
"12,882",
"13,997",
"14,722"
],
[
"Shares used in per share calculation from discontinued operations —basic",
"11,809",
"12,323",
"12,882",
"13,997",
"14,722"
],
[
"Shares used in per share calculation from continuing operations—diluted",
"12,035",
"12,510",
"12,894",
"13,997",
"14,722"
],
[
"Shares used in per share calculation from discontinuing operations—diluted",
"12,035",
"12,510",
"12,894",
"13,997",
"14,722"
]
] |
[
"Item 6. Selected Consolidated Financial Data",
"The following table presents selected consolidated financial data as of and for the five-year period ended December 31, 2019. Our past results of operations are not necessarily indicative of our future results of operations. The following selected consolidated financial data is qualified in its entirety by, and should be read in conjunction with, “Management's Discussion and Analysis of Financial Condition and Results of Operations” and the consolidated financial statements and the notes thereto included elsewhere herein.",
"Consolidated Statement of Operations Data:"
] |
[
"What does the table show?",
"What is the percentage change of income between 2018 to 2019?",
"Income from operation.",
"What is the difference in revenue amount between 2019 and 2018?",
"What are its values for years ended December 31, 2019 to 2015 repectively?",
"How about the values of income from operations?",
"What is the average net income per share for basic shares in this period?"
] |
[
[
"selected consolidated financial data as of and for the five-year period ended December 31, 2019"
],
[
"What kind of income are you asking about?"
],
[
"14.88"
],
[
"90"
],
[
"$111,412",
"$111,322",
"$106,524",
"$114,263",
"$123,961"
],
[
"9,464",
"8,238",
"4,545",
"10,186",
"3,820"
],
[
"0.44"
]
] |
[
[
"",
"",
"",
"April 30, 2019",
""
],
[
"",
"Cost",
"Gross Unrealized Gains",
"Gross Unrealized Losses",
"Fair Market Value"
],
[
"Fixed income securities",
"$8,152",
"$71",
"$(24)",
"$8,199"
],
[
"",
"",
"",
"April 30, 2018",
""
],
[
"",
"Cost",
"Gross Unrealized Gains",
"Gross Unrealized Losses",
"Fair Market Value"
],
[
"Fixed income securities",
"$6,274",
"$10",
"$(135)",
"$6,149"
]
] |
[
"8. Marketable Securities",
"The cost, gross unrealized gains, gross unrealized losses and fair market value of available-for-sale securities at April 30, 2019 and 2018, respectively, were as follows (in thousands):"
] |
[
"What does the table show?",
"What is the cost of the fixed income securities in 2019 and 2018 respectively?",
"What is their difference?",
"How about their gross unrealized gains in 2019 and 2018 respectively?",
"What is the percentage change in the fair market value between 2018 and 2019?",
"What is their average?"
] |
[
[
"The cost, gross unrealized gains, gross unrealized losses and fair market value of available-for-sale securities at April 30, 2019 and 2018, respectively"
],
[
"$8,152",
"$6,274"
],
[
"1878"
],
[
"$71",
"$10"
],
[
"33.34"
],
[
"7174"
]
] |
[
[
"Fiscal Year 2019 Quarters Ended",
"",
"",
"",
""
],
[
"",
"Jun-30",
"Sep-30",
"Dec-31",
"Mar-31"
],
[
"Net sales",
"$327,616",
"$349,233",
"$350,175",
"$355,794"
],
[
"Gross margin",
"94,821",
"113,565",
"123,750",
"126,406"
],
[
"Operating income (1)",
"35,176",
"50,000",
"61,616",
"54,057"
],
[
"Net income",
"$35,220",
"$37,141",
"$40,806",
"$93,420"
],
[
"Net income per basic share",
"$0.61",
"$0.64",
"$0.70",
"$1.60"
],
[
"Net income per diluted share",
"$0.60",
"$0.63",
"$0.69",
"$1.58"
]
] |
[
"Note 16: Quarterly Results of Operations (Unaudited)",
"The following table sets forth certain quarterly information for fiscal years 2019 and 2018. This information, in the opinion of the Company’s management, reflects all adjustments (consisting only of normal recurring adjustments) necessary to present fairly this information when read in conjunction with the Consolidated Financial Statements and notes thereto included elsewhere herein (amounts in thousands except per share data):",
"(1) Operating income (loss) as a percentage of net sales fluctuates from quarter to quarter due to a number of factors, including net sales fluctuations, foreign currency exchange, restructuring charges, product mix, the timing and expense of moving product lines to lower-cost locations, the write-down of long lived assets, the net gain/loss on sales and disposals of assets and the relative mix of sales among distributors, original equipment manufacturers, and electronic manufacturing service providers."
] |
[
"What was the net sales?",
"The Jun-30 quarter.",
"What was its change between the Dec-31 and Mar-31 quarters?",
"What was the income for the Mar-31 quarter?",
"The operating income.",
"What was the gross margin for the Sep-30 quarter?",
"Which quarters ended did its amount exceed $120,000 thousand?",
"What was the percentage change in the net income between the Jun-30 and Sep-30 quarter?"
] |
[
[
"Which quarter are you asking about?"
],
[
"327,616"
],
[
"5619"
],
[
"What kind of income are you asking about?"
],
[
"54,057"
],
[
"113,565"
],
[
"Dec-31",
"Mar-31"
],
[
"5.45"
]
] |
[
[
"",
"Year ended December 31",
""
],
[
"",
"2018",
"2019"
],
[
"Supervisory Board:",
"",
""
],
[
"J.C. Lobbezoo",
"78.6",
"83.5"
],
[
"H.W. Kreutzer 1)",
"21.4",
"0.0"
],
[
"M.C.J. van Pernis",
"56.0",
"58.5"
],
[
"U.H.R. Schumacher",
"53.5",
"56.0"
],
[
"S. Kahle-Galonske",
"55.9",
"60.0"
],
[
"M.J.C. de Jong 2)",
"34.0",
"57.5"
],
[
"TOTAL",
"299.4",
"315.5"
]
] |
[
"SUPERVISORY BOARD",
"The following table sets forth information concerning all remuneration (base compensation, no bonuses or pensions were paid) from the Company (including its subsidiaries) for services in all capacities to all current and former members of the Supervisory Board of the Company:",
"1 Period January 1 to May 28, 2018",
"2 Period as of May 28, 2018",
"The remuneration of members of the Supervisory Board has been determined by the 2018 Annual General Meeting of Shareholders.",
"No stock options or performance shares have been granted to members of the Supervisory Board."
] |
[
"How were the remuneration figures determined?",
"What does the table show?",
"Who are the members of the Supervisory board?",
"who are the members that received more than 60.0 in remuneration?",
"2019",
"What is the percentage change in total remuneration from 2018 to 2019?",
"For 2018, what is the order of the members arranged by ascending order in terms of remuneration?"
] |
[
[
"by the 2018 Annual General Meeting of Shareholders"
],
[
"information concerning all remuneration (base compensation, no bonuses or pensions were paid) from the Company (including its subsidiaries) for services in all capacities to all current and former members of the Supervisory Board of the Company"
],
[
"J.C. Lobbezoo",
"H.W. Kreutzer",
"M.C.J. van Pernis",
"U.H.R. Schumacher",
"S. Kahle-Galonske",
"M.J.C. de Jong"
],
[
"Which year are you asking about?"
],
[
"J.C. Lobbezoo"
],
[
"5.38"
],
[
"H.W. Kreutzer",
"M.J.C. de Jong",
"U.H.R. Schumacher",
"S. Kahle-Galonske",
"M.C.J. van Pernis",
"J.C. Lobbezoo"
]
] |
[
[
"",
"2019",
"2018",
"2017"
],
[
"Net income",
"108,616",
"13,040",
"112,062"
],
[
"Basic weighted average common shares outstanding",
"30,271",
"33,003",
"33,612"
],
[
"Dilutive effect of share-based awards and options outstanding ",
"803",
"916",
"941"
],
[
"Diluted weighted average shares outstanding",
"31,074",
"33,919",
"34,553"
],
[
"Earnings per share:",
"",
"",
""
],
[
"Basic",
"3.59",
"0.40",
"3.33"
],
[
"Diluted",
"3.50",
"0.38",
"3.24"
]
] |
[
"7. Earnings Per Share",
"The following is a reconciliation of the amounts utilized in the computation of basic and diluted earnings per share for fiscal2 019, 2018 and 2017 (in thousands, except per share amounts):",
"In each of the fiscal years 2019, 2018 and 2017, share-based awards for approximately 0.1 million shares were not included in the computation of diluted earnings per share as they were antidilutive."
] |
[
"Which years does the table provide information for the amounts utilized in the computation of basic and diluted earnings per share?",
"What was the amount of earnings per share in 2019?",
"Basic",
"What was the change in the weighted average common shares outstanding between 2018 and 2019?",
"Basic weighted average common shares outstanding.",
"What was the percentage change in the diluted earnings per share?",
"Between 2017 and 2019.",
"What was the amount of net income in 2017?",
"How many years did its amount exceed $100,000 thousand?"
] |
[
[
"2019",
"2018",
"2017"
],
[
"What kind of earnings per share are you asking about?"
],
[
"3.59"
],
[
"What kind of weighted-average shares are you asking about?"
],
[
"-3341"
],
[
"Which period are you asking about?"
],
[
"8.02"
],
[
"112,062"
],
[
"2"
]
] |
[
[
"Year Ended",
"Balance at Beginning of Year",
"Income Tax Expense (Benefit)",
"Reversal for State NOL Expiration and Utilization",
"Balance at End of Year"
],
[
"September 30, 2019",
"$104,858",
"$10,448",
"$(68,292)",
"$47,014"
],
[
"September 30, 2018",
"159,154",
"79,377",
"(133,673)",
"104,858"
],
[
"September 30, 2017",
"322,404",
"(32,154)",
"(131,096)",
"159,154"
]
] |
[
"The valuation allowance activity for the years ended September 30, 2019, 2018, and 2017 is as follows:",
"The Company completed an Internal Revenue Code Section 382 analysis of the loss carry forwards in 2009 and determined then that all of the Company’s loss carry forwards are utilizable and not restricted under Section 382. The Company has not updated its Section 382 analysis subsequent to 2009 and does not believe there have been any events subsequent to 2009 that would impact the analysis.",
"The Company is required to recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. The Company applies the interpretation to all tax positions for which the statute of limitations remained open. The Company had no liability for unrecognized tax benefits and did not recognize any interest or penalties during the years ended September 30, 2019, 2018, or 2017.",
"The Company is subject to income taxes in the U.S. federal jurisdiction, and various state jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. With few exceptions, the Company is no longer subject to U.S. federal, state and local, income tax examinations by tax authorities for fiscal years ending prior to 2004. We are generally subject to U.S. federal and state tax examinations for all tax years since 2003 due to our net operating loss carryforwards and the utilization of the carryforwards in years still open under statute. During the year ended September 30, 2018, the Company was examined by the U.S. Internal Revenue Service for fiscal year 2016. This examination resulted in no adjustments. The Company changed its fiscal year end in 2007 from March 31 to September 30."
] |
[
"What is the balance in 2018 and 2017 respectively?",
"At the begining.",
"How about 2019 and 2018 respectively?",
"What is the income tax expense of these two fiscal years respectively?",
"What is its percentage change from 2018 to 2019? ",
"How about the end-of-year evaluation allowance?",
"What is its percentage change from 2017 to 2018?"
] |
[
[
"Which period are you asking about?"
],
[
"159,154",
"322,404"
],
[
"$104,858",
"159,154"
],
[
"$10,448",
"79,377"
],
[
"-86.84"
],
[
"-55.16"
],
[
"-34.12"
]
] |
[
[
"",
"As of December 31,",
""
],
[
"",
"2018",
"2019"
],
[
"",
"NT$",
"NT$"
],
[
"",
"(In Thousands)",
"(In Thousands)"
],
[
"Total liabilities",
"$158,199,746",
"$163,347,778"
],
[
"Less: Cash and cash equivalents",
"(83,661,739)",
"(95,492,477)"
],
[
"Net debt",
"74,538,007",
"67,855,301"
],
[
"Total equity",
"204,397,483",
"202,913,915"
],
[
"Total capital",
"$278,935,490",
"$270,769,216"
],
[
"Debt to capital ratios",
"26.72%",
"25.06%"
]
] |
[
"CAPITAL MANAGEMENT",
"The primary objective of the Company’s capital management is to ensure that it maintains a strong credit rating and healthy capital ratios to support its business and maximize the stockholders’ value. The Company also ensures its ability to operate continuously to provide returns to stockholders and the interests of other related parties, while maintaining the optimal capital structure to reduce costs of capital.",
"To maintain or adjust the capital structure, the Company may adjust the dividend payment to stockholders, return capital to stockholders, issue new shares or dispose assets to redeem liabilities.",
"Similar to its peers, the Company monitors its capital based on debt to capital ratio. The ratio is calculated as the Company’s net debt divided by its total capital. The net debt is derived by taking the total liabilities on the consolidated balance sheets minus cash and cash equivalents. The total capital consists of total equity (including capital, additional paid-in capital, retained earnings, other components of equity and non-controlling interests) plus net debt.",
"The Company’s strategy, which is unchanged for the reporting periods, is to maintain a reasonable ratio in order to raise capital with reasonable cost. The debt to capital ratios as of December 31, 2018 and 2019 were as follows:"
] |
[
"What is The primary objective of the Company’s capital management?",
"What steps does the company take To maintain or adjust the capital structure?",
"What is the company's strategy?",
"What is the increase / (decrease) in the Total liabilities from 2018 to 2019?",
"How about the Net debt?",
"What is the percentage increase / (decrease) of Total Capital from 2018 to 2019?"
] |
[
[
"The primary objective of the Company’s capital management is to ensure that it maintains a strong credit rating and healthy capital ratios to support its business and maximize the stockholders’ value. The Company also ensures its ability to operate continuously to provide returns to stockholders and the interests of other related parties, while maintaining the optimal capital structure to reduce costs of capital."
],
[
"the Company may adjust the dividend payment to stockholders, return capital to stockholders, issue new shares or dispose assets to redeem liabilities."
],
[
"the Company’s strategy, which is unchanged for the reporting periods, is to maintain a reasonable ratio in order to raise capital with reasonable cost."
],
[
"5148032"
],
[
"-6682706"
],
[
"-2.93"
]
] |
[
[
"REGION",
"NUMBER OF CENTRES",
"TOTAL NLA"
],
[
"Brisbane",
"5",
"25,000"
],
[
"Gold Coast",
"4",
"6,500"
],
[
"Sunshine Coast",
"1",
"6,500"
],
[
"Central Coast (NSW)",
"6",
"20,600"
],
[
"Wollongong",
"3",
"12,700"
],
[
"Melbourne",
"2",
"8,600"
],
[
"Adelaide",
"3",
"15,500"
],
[
"Perth",
"2",
"10,800"
],
[
"Auckland (NZ)",
"3",
"27,000"
],
[
"Hamilton (NZ)",
"4",
"21,600"
],
[
"Rotorua (NZ)",
"1",
"5,000"
],
[
"Tauranga (NZ)",
"1",
"3,200"
],
[
"Total Acquisitions",
"35",
"163,000"
]
] |
[
"ACQUISITIONS National Storage has successfully transacted 35 acquisitions and 4 development sites in FY19 and continues to pursue high-quality acquisitions across Australia and New Zealand. The ability to acquire and integrate strategic accretive acquisitions is one of National Storage’s major competitive advantages and a cornerstone of its growth strategy. This active growth strategy also strengthens and scales the National Storage operating platform which drives efficiencies across the business.",
"WINE ARK Wine Ark, Australia’s largest wine storage provider is part of the National Storage group and houses over two million bottles of fine wine across 15 centres for clients located in over 30 countries. There are few businesses in Australia with more experience when it comes to storing and managing premium wine. Throughout FY19 Wine Ark continued to strengthen its relationship and involvement in the greater wine trade supporting the Wine Communicators of Australia, Sommeliers Association of Australia, Wine Australia and Commanderie de Bordeaux (Australian Chapter)."
] |
[
"What was the total number of acquisitions in FY19?",
"What are the benefits of active growth strategy?",
"What was the total NLA?",
"Brisbane",
"What is the sum of centres in it and Gold Coast?",
"What is the difference in the NLA between Sunshine Cost and Brisbane?",
"How about its average of Sunshine Coast and Gold Coast?"
] |
[
[
"35 acquisitions"
],
[
"strengthens and scales the National Storage operating platform which drives efficiencies across the business."
],
[
"Which region are you asking about?"
],
[
"25,000"
],
[
"9"
],
[
"18500"
],
[
"6500"
]
] |
[
[
"Year Ended December 31",
"",
""
],
[
"",
"2019",
"2018"
],
[
"Assumed volatility",
"64% - 69%",
"75% - 81%"
],
[
"",
"(67% weighted average)",
"(78% weighted average)"
],
[
"Assumed risk free interest rate",
"1.8% - 2.7%",
"2.2% - 2.8%"
],
[
"",
"(2.4% weighted average)",
"(2.5% weighted average)"
],
[
"Average expected life of options (in years)",
"6.1 - 6.3",
"6.2"
],
[
"",
"(6.2 weighted average)",
"(6.2 weighted average)"
],
[
"Expected dividends",
"-",
"-"
]
] |
[
"As of December 31, 2019, exercisable options had an intrinsic value of less than $0.1 million. The intrinsic value of options exercised was $0.4 million in 2019 and $0.1 million in 2018. The following are the assumptions used in valuing the 2019 and 2018 stock option grants:",
"In January 2020, we issued options to employees for the purchase of up to 591,004 shares of common stock, at an exercise price of $1.23 per share which vest and become exercisable in four annual installments ending in January 2024. The options have a grant date fair value per share of $1.26."
] |
[
"As of December 31, 2019, what is the intrinsic value of the outstanding stock options?",
"What was the intrinsic value of options exercised?",
"2019 and 2018 respectively.",
"What are the respective assumed volatility in 2018 and 2019 respectively?",
"What is its average in 2018?",
"How about assumed risk free?",
"What is its average in 2019?"
] |
[
[
"$0.1 million"
],
[
"Which year are you asking about?"
],
[
"$0.4 million",
"$0.1 million"
],
[
"75% - 81%",
"64% - 69%"
],
[
"78"
],
[
"2.5"
],
[
"2.25"
]
] |
[
[
"",
"",
"Fiscal",
""
],
[
"",
"2019",
"2018",
"2017"
],
[
"Transportation Solutions",
"58 %",
"59 %",
"58 %"
],
[
"Industrial Solutions",
"30",
"28",
"29"
],
[
"Communications Solutions",
"12",
"13",
"13"
],
[
"Total",
"100 %",
"100 %",
"100 %"
]
] |
[
"Segments",
"We operate through three reportable segments: Transportation Solutions, Industrial Solutions, and Communications Solutions. We believe our segments serve a combined market of approximately $190 billion.",
"Our net sales by segment as a percentage of our total net sales were as follows:",
"Below is a description of our reportable segments and the primary products, markets, and competitors of each segment.",
"Transportation Solutions The Transportation Solutions segment is a leader in connectivity and sensor technologies. The primary products sold by the Transportation Solutions segment include terminals and connector systems and components, sensors, antennas, relays, application tooling, and wire and heat shrink tubing. The Transportation Solutions segment’s products, which must withstand harsh conditions, are used in the following end markets:",
"• Automotive (73% of segment’s net sales)—We are one of the leading providers of advanced automobile connectivity solutions. The automotive industry uses our products in automotive technologies for body and chassis systems, convenience applications, driver information, infotainment solutions, miniaturization solutions, motor and powertrain applications, and safety and security systems. Hybrid and electronic mobility solutions include in-vehicle technologies, battery technologies, and charging solutions.",
"• Commercial transportation (15% of segment’s net sales)—We deliver reliable connectivity products designed to withstand harsh environmental conditions for on- and off-highway vehicles and recreational transportation, including heavy trucks, construction, agriculture, buses, and other vehicles.",
"• Sensors (12% of segment’s net sales)—We offer a portfolio of intelligent, efficient, and high-performing sensor solutions that are used by customers across multiple industries, including automotive, industrial equipment, commercial transportation, medical solutions, aerospace and defense, and consumer applications.",
"The Transportation Solutions segment’s major competitors include Yazaki, Aptiv, Sumitomo, Sensata, Honeywell, Molex, and Amphenol.",
"Industrial Solutions The Industrial Solutions segment is a leading supplier of products that connect and distribute power, data, and signals. The primary products sold by the Industrial Solutions segment include terminals and connector systems and components, heat shrink tubing, relays, and wire and cable. The Industrial Solutions segment’s products are used in the following end markets:",
"• Industrial equipment (49% of segment’s net sales)—Our products are used in factory automation and process control systems such as industrial controls, robotics, human machine interface, industrial communication, and power distribution. Our intelligent building products are used to connect lighting, HVAC, elevators/escalators, and security. Our rail products are used in high-speed trains, metros, light rail vehicles, locomotives, and signaling switching equipment. Our products are also used by the solar industry. The medical industry uses our products in imaging, diagnostic, surgical, and minimally invasive interventional applications.",
"• Aerospace, defense, oil, and gas (33% of segment’s net sales)—We design, develop, and manufacture a comprehensive portfolio of critical electronic components and systems for the harsh operating conditions of the aerospace, defense, and marine industries. Our products and systems are designed and manufactured to operate effectively in harsh conditions ranging from the depths of the ocean to the far reaches of space.",
"• Energy (18% of segment’s net sales)—Our products are used by OEMs and utility companies in the electrical power industry and include a wide range of solutions for the electrical power generation, transmission, distribution, and industrial markets.",
"The Industrial Solutions segment competes primarily against Amphenol, Belden, Hubbell, Carlisle Companies, 3M, Integer Holdings, Esterline, Molex, and Phoenix Contact.",
"Communications Solutions The Communications Solutions segment is a leading supplier of electronic components for the data and devices and the appliances markets. The primary products sold by the Communications Solutions segment include terminals and connector systems and components, relays, heat shrink tubing, and antennas. The Communications Solutions segment’s products are used in the following end markets:",
"• Data and devices (59% of segment’s net sales)—We deliver products and solutions that are used in a variety of equipment architectures within the networking equipment, data center equipment, and wireless infrastructure industries. Additionally, we deliver a range of connectivity solutions for the Internet of Things, smartphones, tablet computers, notebooks, and virtual reality applications to help our customers meet their current challenges and future innovations.",
"• Appliances (41% of segment’s net sales)—We provide solutions to meet the daily demands of home appliances. Our products are used in many household appliances, including washers, dryers, refrigerators, air conditioners, dishwashers, cooking appliances, water heaters, air purifiers, floor care devices, and microwaves. Our expansive range of standard products is supplemented by an array of custom-designed solutions.",
"The Communications Solutions segment’s major competitors include Amphenol, Molex, JST, and Korea Electric Terminal (KET)."
] |
[
"What are the net sales by segment presented as a percentage of?",
"How much does the company believe the Transportation, Industrial and Communications Solutions segments serve a combined market of?",
"What are the three main segments that the company operates in?",
"In which year was the percentage the lowest in?",
"Industrial solutions.",
"What was its percentage change in 2019 from 2018?",
"How about Transportation Solutions?"
] |
[
[
"percentage of our total net sales"
],
[
"approximately $190 billion"
],
[
"Transportation Solutions",
"Industrial Solutions",
"Communications Solutions"
],
[
"Which segment are you asking about?"
],
[
"2018"
],
[
"2"
],
[
"-1"
]
] |
[
[
"",
"Year ended 31 December",
"",
"",
""
],
[
"",
"2019",
"",
"2018",
""
],
[
"",
"",
"% of",
"",
"% of"
],
[
"",
"",
"segment",
"",
"segment"
],
[
"",
"Amount",
"revenues",
"Amount",
"revenues"
],
[
"",
"",
"",
"(Restated)",
"(Restated)"
],
[
"",
"(RMB in millions, unless specified)",
"",
"",
""
],
[
"VAS",
"94,086",
"47%",
"73,961",
"42%"
],
[
"FinTech and Business Services",
"73,831",
"73%",
"54,598",
"75%"
],
[
"Online Advertising",
"34,860",
"51%",
"37,273",
"64%"
],
[
"Others",
"6,979",
"92%",
"4,742",
"98%"
],
[
"Total cost of revenues",
"209,756",
"",
"170,574",
""
]
] |
[
"Cost of revenues. Cost of revenues increased by 23% year-on-year to RMB209.8 billion. The increase primarily reflected greater content costs, costs of FinTech services and channel costs. As a percentage of revenues, cost of revenues increased to 56% for the year ended 31 December 2019 from 55% for the year ended 31 December 2018. The following table sets forth our cost of revenues by line of business for the years ended 31 December 2019 and 2018:",
"Cost of revenues for VAS increased by 27% year-on-year to RMB94,086 million. The increase was mainly due to greater content costs for services and products such as live broadcast services, online games and video streaming subscriptions, as well as channel costs for smart phone games.",
"Cost of revenues for FinTech and Business Services increased by 35% year-on-year to RMB73,831 million. The increase primarily reflected greater costs of payment-related and cloud services due to the enhanced scale of our payment and cloud activities.",
"Cost of revenues for Online Advertising decreased by 6% year-on-year to RMB34,860 million. The decrease was mainly driven by lower content costs for our advertising-funded long form video service resulting from fewer content releases and improved cost efficiency, partly offset by other cost items."
] |
[
"What was the year-on-year change in cost of revenues for VAS?",
"How about the cost of revenues for FinTech and Business Services?",
"How about the cost of revenues for Online Advertising?",
"How much is the combined cost of revenues for Online Advertising and Others?",
"2019",
"How about that of revenues for VAS and Fintech and Business Services?",
"How much did the total cost of revenues increase by from 2018 to 2019?"
] |
[
[
"27%"
],
[
"35%"
],
[
"6%"
],
[
"Which year are you asking about?"
],
[
"41839"
],
[
"167917"
],
[
"39182"
]
] |
[
[
"",
"Amortized Cost",
"Unrealized Gains",
"Unrealized Losses",
"Fair Value"
],
[
"Current assets:",
"",
"",
"",
""
],
[
"Cash",
"$67,818",
"$—",
"$—",
"$67,818"
],
[
"Cash equivalents:",
"",
"",
"",
""
],
[
"Money market funds",
"126,075",
"—",
"—",
"126,075"
],
[
"Corporate bonds",
"1,000",
"—",
"—",
"1,000"
],
[
"Agency bonds",
"6,485",
"1",
"—",
"6,486"
],
[
"Commercial paper",
"9,609",
"—",
"(1)",
"9,608"
],
[
"Certificates of deposit",
"171",
"—",
"—",
"171"
],
[
"US treasury securities",
"4,749",
"—",
"—",
"4,749"
],
[
"Total cash equivalents",
"148,089",
"1",
"(1)",
"148,089"
],
[
"Total cash and cash equivalents",
"215,907",
"1",
"(1)",
"215,907"
],
[
"Short-term investments:",
"",
"",
"",
""
],
[
"Corporate bonds",
"103,130",
"110",
"(7)",
"103,233"
],
[
"Agency bonds",
"3,966",
"2",
"—",
"3,968"
],
[
"US treasury securities",
"50,703",
"62",
"(1)",
"50,764"
],
[
"Commercial paper",
"23,827",
"1",
"—",
"23,828"
],
[
"Certificates of deposit",
"3,936",
"2",
"(1)",
"3,937"
],
[
"Asset-backed securities",
"15,837",
"12",
"—",
"15,849"
],
[
"Total short-term investments",
"201,399",
"189",
"(9)",
"201,579"
],
[
"Long-term investments:",
"",
"",
"",
""
],
[
"Corporate bonds",
"19,407",
"12",
"(4)",
"19,415"
],
[
"US treasury securities",
"19,300",
"25",
"—",
"19,325"
],
[
"Asset-backed securities",
"11,693",
"10",
"(1)",
"11,702"
],
[
"Strategic investments",
"9,750",
"—",
"—",
"9,750"
],
[
"Total long-term investments",
"$60,150",
"$47",
"$(5)",
"$60,192"
]
] |
[
"5. INVESTMENTS",
"Investments in Marketable Securities",
"The Company’s investments in available-for-sale marketable securities are made pursuant to its investment policy, which has established guidelines relative to the diversification of the Company’s investments and their maturities, with the principal objective of capital preservation and maintaining liquidity sufficient to meet cash flow requirements.",
"The following is a summary of investments, including those that meet the definition of a cash equivalent, as of December 31, 2019 (in thousands):"
] |
[
"What is the principal objective of the company's investments?",
"What was the amount of cash?",
"The fair value amount.",
"How about that of corporate bonds?",
"What percentage of fair value total cash equivalents consist of agency bonds?",
"What is the total amortized cost of agency bonds and corporate bonds?",
"What percentage of total unrealised gains for short-term investments consist of securities?",
"US treasury securities."
] |
[
[
"capital preservation and maintaining liquidity sufficient to meet cash flow requirements."
],
[
"What kind of amount are you asking about?"
],
[
"$67,818"
],
[
"1,000"
],
[
"4.38"
],
[
"16094"
],
[
"What kind of securities are you asking about?"
],
[
"32.8"
]
] |
[
[
"",
"Year Ended December 31,",
""
],
[
"(In thousands)",
"2019",
"2018"
],
[
"Opening balance",
"$ 13,783",
"$ 8,469"
],
[
"Additions",
"157,121",
"6,215"
],
[
"Acquisition adjustments",
"—",
"(901 )"
],
[
"Effect of currency translation adjustment",
"305",
"—"
],
[
"Goodwill",
"$ 171,209",
"$ 13,783"
]
] |
[
"1. Goodwill and Other Intangible Assets",
"The changes in the carrying amount of goodwill for the years ended December 31, 2019 and 2018, are as follows:",
"Our 2019 acquisitions of DeliverySlip (as defined herein) and AppRiver (as defined herein) resulted in the addition to our goodwill balance in 2019. Our 2018 acquisition of Erado (as defined herein) resulted in the addition to our goodwill balance in 2018. Our 2018 acquisition adjustments to goodwill reflect the appropriate reallocation of excess purchase price from goodwill to acquired assets and liabilities related to our 2017 Greenview and EMS (as defined herein) purchases. We evaluate goodwill for impairment annually in the fourth quarter, or when there is reason to believe that the value has been diminished or impaired. There were no impairment indicators to the goodwill recorded as of December 31, 2019."
] |
[
"What were the organisations the company purchased in 2017?",
"Which companies did zix acquire in 2019 and 2018 respectively?",
"How much was the Opening balance for goodwill and other intangible assets in these years respectively?",
"What is the percentage change in goodwill in that period?",
"In that period, how many years was the amount more than $5,000 thousand?",
"The Opening balance.",
"How much is the total additions and Acquisition adjustments over 2018 and 2019?"
] |
[
[
"Greenview",
"EMS"
],
[
"DeliverySlip (as defined herein) and AppRiver (as defined herein)",
"Erado"
],
[
"13,783",
"8,469"
],
[
"1142.18"
],
[
"What kind of amount are you asking about?"
],
[
"2"
],
[
"162435"
]
] |
[
[
"",
"Years Ended December 31,",
""
],
[
"",
"2019",
"2018"
],
[
"Net cash provided by (used in):",
"",
""
],
[
"Operating activities",
"$137,649",
"$183,932"
],
[
"Investing activities",
"-830,481",
"-45,360"
],
[
"Financing activities",
"667,223",
"-57,704"
]
] |
[
"Cash Flows",
"The following table sets forth summary cash flow data for the periods indicated (in thousands).",
"Cash Flow from Operating Activities",
"Net cash flows provided by operating activities for the year ended December 31, 2019, were $137.6 million as compared to $183.9 million during the same period in 2018. Net cash provided by operating activities primarily consists of net income adjusted to add back depreciation, amortization, and stock-based compensation. Cash flows provided by operating activities were $46.3 million lower for the year ended December 31, 2019, compared to the same period in 2018, due to the timing of working capital. Our current policy is to use our operating cash flow primarily for funding capital expenditures, lease payments, stock repurchases, and acquisitions.",
"Cash Flow from Investing Activities",
"During the year ended December 31, 2019, we paid $753.9 million, net of $0.1 million in cash acquired, to acquire Speedpay. We also used cash of $18.5 million to invest in a payment technology and services company in India and $7.0 million to acquire the technology assets of RevChip, LLC and TranSend Integrated Technologies Inc. In addition, we used cash of $48.0 million to purchase software, property and equipment, as compared to $43.9 million during the same period in 2018.",
"Cash Flow from Financing Activities",
"Net cash flows provided by financing activities for the year ended December 31, 2019, were $667.2 million, as compared to net cash flows used by financing activities of $57.7 million during the same period in 2018. During 2019, we received proceeds of $500.0 million from our Delayed Draw Term Loan and $280.0 million from our Revolving Credit Facility to fund our purchase of Speedpay and stock repurchases, and we repaid $28.9 million on the Initial Term Loan and $41.0 million on the Revolving Credit Facility. In addition, we received proceeds of $16.6 million from the exercise of stock options and the issuance of common stock under our 2017 Employee Stock Purchase Plan, as amended, and used $4.0 million for the repurchase of stock-based compensation awards for tax withholdings. During 2019, we also used $35.6 million to repurchase common stock. During 2018, we received proceeds of $400.0 million from the issuance of the 2026 Notes. We used $300.0 million of the proceeds to redeem, in full, our outstanding 6.375% Senior Notes due 2020 and repaid $109.3 million on the Initial Term Loan. In addition, during 2018, we received proceeds of $22.8 million from the exercise of stock options and the issuance of common stock under our 2017 Employee Stock Purchase Plan, as amended, and used $2.6 million for the repurchase of restricted share awards (\"RSAs\") for tax withholdings. During 2018, we also used $54.5 million to repurchase common stock."
] |
[
"What was the net cash from activities in 2018?",
"Operating activities.",
"How about that in 2019?",
"What was the change between them?",
"What was the net cash used in investing activities?",
"2019",
"What was its change between 2018 and 2019?",
"What was the percentage change in net cash from financing activities in that period?"
] |
[
[
"What kind of activities are you asking about?"
],
[
"$183,932"
],
[
"$137,649"
],
[
"46283"
],
[
"Which year are you asking about?"
],
[
"-830,481"
],
[
"-785121"
],
[
"1256.29"
]
] |
[
[
"DIRECTOR COMPENSATION",
"",
"",
""
],
[
"Name (1)",
"Fees Earned or Paid in Cash ($)",
"Stock Awards ($) (2)",
"Total ($)"
],
[
"Keith Barnes",
"102,500",
"178,317",
"280,817"
],
[
"Richard E. Belluzzo",
"160,000",
"178,317",
"338,317"
],
[
"Laura Black",
"67,500",
"178,317",
"245,817"
],
[
"Tor Braham",
"67,500",
"178,317",
"245,817"
],
[
"Timothy Campos",
"77,500",
"178,317",
"255,817"
],
[
"Donald Colvin",
"97,500",
"178,317",
"275,817"
],
[
"Masood A. Jabbar",
"90,000",
"178,317",
"268,317"
]
] |
[
"The director compensation policies summarized above resulted in the following total compensation for our non-management directors in fiscal year 2019:",
"Director Compensation Table",
"(1) Oleg Khaykin, President and Chief Executive Officer, is not included in this table as he was an employee of the Company and as such received no compensation for his services as a director. His compensation is disclosed in the Summary Compensation Table.",
"(2) The amounts shown in this column represent the grant date fair values of RSUs issued pursuant to the Company’s 2003 Equity Incentive Plan, computed in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718 (“FASB ASC Topic 718”), excluding the effect of estimated forfeitures. There can be no assurance that these grant date fair values will ever be realized by the non-employee directors. For information regarding the number of unvested RSUs held by each non-employee director as of the end of fiscal year 2019, see the column “Unvested Restricted Stock Units Outstanding” in the table below"
] |
[
"Why was Oleg Khaykin not included in the table?",
"How much did Keith Barnes earn in cash?",
"How about Donald Colvin?",
"What is the difference between Richard E. Belluzzo's total compensation as compared to Laura Black?",
"What is the summed compensation for the top 3 most compensated directors?",
"What is the percentage difference of the total compensation between Timothy Campos and Tor Braham?"
] |
[
[
"he was an employee of the Company and as such received no compensation for his services as a director."
],
[
"102,500"
],
[
"97,500"
],
[
"92500"
],
[
"894951"
],
[
"4.07"
]
] |
[
[
"€ million",
"2017/2018",
"2018/2019"
],
[
"Actual taxes",
"173",
"215"
],
[
"thereof Germany",
"(14)",
"(9)"
],
[
"thereof international",
"(159)",
"(206)"
],
[
"thereof tax expenses/income of current period",
"(194)",
"(221)"
],
[
"thereof tax expenses/income of previous periods",
"(−21)",
"(−6)"
],
[
"Deferred taxes",
"43",
"83"
],
[
"thereof Germany",
"(39)",
"(104)"
],
[
"thereof international",
"(4)",
"(−21)"
],
[
"",
"216",
"298"
]
] |
[
"12. Income taxes",
"Income taxes include the taxes on income paid or owed in the individual countries as well as deferred taxes.",
"1 Adjustment of previous year according to explanation in notes.",
"The income tax rate of the German companies of METRO consists of a corporate income tax of 15.00% plus a 5.50% solidarity surcharge on corporate income tax as well as the trade tax of 14.70% given an average assessment rate of 420.00%. All in all, this results in an aggregate tax rate of 30.53%. The tax rates are unchanged from the previous year. The income tax rates applied to foreign companies are based on the respective laws and regulations of the individual countries and vary within a range of 0.00% (2017/18: 0.00%) and 34.94% (2017/18: 44.41%).",
"At €298 million (2017/18: €216 million), recognised income tax expenses are €81 million higher than in the previous year. In addition to an increase in pre-tax earnings, the change is due to higher expenses for impairments on deferred taxes, among other things."
] |
[
"What do income taxes include?",
"What are the components under deferred taxes?",
"What are the recognised income tax expenses in 2019?",
"In which year were these expenses larger?",
"What was its change in 2018/2019 from 2017/2018?",
"What was this in percentage?"
] |
[
[
"the taxes on income paid or owed in the individual countries as well as deferred taxes"
],
[
"thereof Germany",
"thereof international"
],
[
"€298 million"
],
[
"2018/2019"
],
[
"82"
],
[
"37.96"
]
] |
[
[
"FOR THE YEAR ENDED DECEMBER 31",
"2019",
"2018"
],
[
"Net earnings",
"3,253",
"2,973"
],
[
"Add back income taxes",
"1,133",
"995"
],
[
"Earnings before income taxes",
"4,386",
"3,968"
],
[
"Applicable statutory tax rate",
"27.0%",
"27.0%"
],
[
"Income taxes computed at applicable statutory rates",
"(1,184)",
"(1,071)"
],
[
"Non-taxable portion of gains (losses) on investments",
"4",
"(9)"
],
[
"Uncertain tax positions",
"15",
"68"
],
[
"Effect of change in provincial corporate tax rate",
"27",
"–"
],
[
"Change in estimate relating to prior periods",
"14",
"20"
],
[
"Non-taxable portion of equity losses",
"(20)",
"(10)"
],
[
"Previously unrecognized tax benefits",
"9",
"–"
],
[
"Other",
"2",
"7"
],
[
"Total income taxes",
"(1,133)",
"(995)"
],
[
"Average effective tax rate",
"25.8%",
"25.1%"
]
] |
[
"4.11 Income Taxes",
"The following table reconciles the amount of reported income taxes in the income statements with income taxes calculated at a statutory income tax rate of 27.0% for both 2019 and 2018.",
"Income taxes in 2019 increased by $138 million, compared to 2018, mainly due to higher taxable income and a lower value of uncertain tax positions favourably resolved in 2019 compared to 2018, partly offset by a favourable change in the corporate income tax rate in Alberta in Q2 2019."
] |
[
"What was the main factor that led to the increase in income taxes in 2019?",
"What was the statutory income tax rate used for both 2019 and 2018?",
"What is the change in the tax rate from 2018 to 2019?",
"Applicable statutory tax rate.",
"What is the percentage change in the earnings before income taxes in that period?",
"What is the total amount of uncertain tax positions in 2018 and 2019?",
"What are the net earnings?",
"2019"
] |
[
[
"higher taxable income and a lower value of uncertain tax positions favourably resolved in 2019 compared to 2018, partly offset by a favourable change in the corporate income tax rate in Alberta in Q2 2019"
],
[
"27.0%"
],
[
"Which type of tax rate are you asking about?"
],
[
"0"
],
[
"10.53"
],
[
"83"
],
[
"Which year are you asking about?"
],
[
"3,253"
]
] |
[
[
"",
"2019",
"2018"
],
[
"Unbilled",
"$ 12,403",
"$ 11,485"
],
[
"Billed:",
"",
""
],
[
"Current",
"815",
"641"
],
[
"Past due",
"262",
"209"
],
[
"Device payment plan agreement receivables, gross",
"$ 13,480",
"$ 12,335"
]
] |
[
"Subsequent to origination, the delinquency and write-off experience is monitored as key credit quality indicators for the portfolio of device payment plan agreement receivables and fixed-term service plans. The extent of collection efforts with respect to a particular customer are based on the results of proprietary custom empirically derived internal behavioral-scoring models that analyze the customer’s past performance to predict the likelihood of the customer falling further delinquent.",
"These customer-scoring models assess a number of variables, including origination characteristics, customer account history and payment patterns. Based on the score derived from these models, accounts are grouped by risk category to determine the collection strategy to be applied to such accounts.",
"Collection performance results and the credit quality of device payment plan agreement receivables are continuously monitored based on a variety of metrics, including aging. An account is considered to be delinquent and in default status if there are unpaid charges remaining on the account on the day after the bill’s due date.",
"At December 31, 2019 and 2018, the balance and aging of the device payment plan agreement receivables on a gross basis was as follows:"
] |
[
"What is the function of customer-scoring models?",
"When is an account considered to be delinquent?",
"What was the current billed?",
"2019",
"What is its average for 2018 and 2019?",
"What is the increase / (decrease) in the unbilled in that period?",
"How about that in the Device payment plan agreement receivables, gross?"
] |
[
[
"assess a number of variables, including origination characteristics, customer account history and payment patterns"
],
[
"if there are unpaid charges remaining on the account on the day after the bill’s due date."
],
[
"Which year are you asking about?"
],
[
"815"
],
[
"728"
],
[
"918"
],
[
"1145"
]
] |
[
[
"December 31,",
"",
""
],
[
"",
"2019",
"2018"
],
[
"Computer equipment and purchased software",
"$3,011",
"$3,167"
],
[
"Machinery and equipment",
"699",
"821"
],
[
"Furniture and fixtures",
"1,115",
"1,113"
],
[
"Leasehold improvements (1)",
"3,897",
"3,897"
],
[
"Total",
"8,722",
"8,998"
],
[
"Less accumulated depreciation and amortization (1)",
"(7,496)",
"(6,655)"
],
[
"Property and equipment, net",
"$1,226",
"$2,343"
]
] |
[
"Property and Equipment",
"Property and equipment are as follows (in thousands):",
"(1) In the fourth quarter 2019, the Company announced its decision to exit the San Jose California facility (“SJ Facility”) by March 31, 2020. The Company accelerated the amortization of its SJ Facility leasehold improvements over the remaining estimated life which is estimated to be through March 31, 2020. As of December 31, 2019, the net book value of the SJ Facility leasehold improvements was $0.9 million and will be fully amortized by March 31, 2020."
] |
[
"What was the net book value of SJ Facility leasehold improvements in 2019?",
"What is the value of Computer equipment and purchased software?",
"2019 and 2018 respectively.",
"How about that of Machinery and equipment?",
"In which year was its value less than 700 thousands?",
"What was the average Furniture and fixtures for 2018 and 2019?",
"What was the change in the Property and equipment, net in that period?"
] |
[
[
"$0.9 million"
],
[
"Which year are you asking about?"
],
[
"$3,011",
"$3,167"
],
[
"699",
"821"
],
[
"2019"
],
[
"1114"
],
[
"-1117"
]
] |
[
[
"",
"CONSOLIDATED",
""
],
[
"",
"2019 $’000",
"2018 $’000"
],
[
"Deferred taxes",
"",
""
],
[
"Deferred tax assets relate to the following:",
"",
""
],
[
"Trade and other payables",
"2,312",
"1,558"
],
[
"Provisions",
"4,759",
"2,230"
],
[
"Property, Plant and Equipment",
"-",
"1,680"
],
[
"ITAA 97 Section 40-880 business related costs",
"92",
"105"
],
[
"Unrealised foreign exchange differences",
"58",
"56"
],
[
"Unused tax losses",
"4,837",
"4,665"
],
[
"Other",
"13",
"114"
],
[
"Total deferred tax assets",
"12,071",
"10,408"
],
[
"",
"",
""
],
[
"Deferred tax liabilities relate to following:",
"",
""
],
[
"Trail commission asset",
"(34,168)",
"(31,253)"
],
[
"Property, Plant and Equipment",
"(581)",
"-"
],
[
"Development costs",
"(2,109)",
"(2,359)"
],
[
"Total deferred tax liabilities",
"(36,858)",
"(33,612)"
],
[
"Net deferred tax liabilities1",
"(24,787)",
"(23,204)"
]
] |
[
"2.6 Taxes (continued)",
"1 Net deferred tax liabilities include net deferred tax assets of $2,195,000 (2018: $1,937,000) from the iMoney Group.",
"Recognition and measurement",
"Our income tax expense is the sum of current and deferred income tax expenses. Current income tax expense is calculated on accounting profit after adjusting for non-taxable and non-deductible items based on rules set by the tax authorities. Deferred income tax expense is calculated at the tax rates that are expected to apply to the period in which the deferred tax asset is realised or the deferred tax liability is settled. Both our current and deferred income tax expenses are calculated using tax rates that have been enacted or substantively enacted at reporting date.",
"Our current and deferred taxes are recognised as an expense in profit or loss, except when they relate to items that are directly recognised in other comprehensive income or equity. In this case, our current and deferred tax expenses are also recognised directly in other comprehensive income or equity.",
"We generally recognise deferred tax liabilities for all taxable temporary differences, except to the extent that the deferred tax liability arises from:",
"• the initial recognition of goodwill; and",
"• the initial recognition of an asset or liability in a transaction that is not a business combination and affects neither our accounting profit nor our taxable income at the time of the transaction.",
"For our investments in controlled entities and associated entities, recognition of deferred tax liabilities is required unless we are able to control the timing of our temporary difference reversal and it is probable that the temporary difference will not reverse.",
"Deferred tax assets are recognised to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, and the carried forward unused tax losses and tax credits, can be utilised",
"Deferred tax assets and deferred tax liabilities are offset in the statement of financial position where they relate to income taxes levied by the same taxation authority and to the extent that we intend to settle our current tax assets and liabilities on a net basis."
] |
[
"When is the recognition of deferred tax liabilities not required?",
"What does the net deferred tax liabilities include?",
"What is the deferred tax assets in 2019?",
"Total deferred tax liabilities.",
"In which year is there a higher total deferred tax assets?",
"How about the net deferred tax liabilities?",
"What is its percentage change from 2018 to 2019?"
] |
[
[
"we are able to control the timing of our temporary difference reversal and it is probable that the temporary difference will not reverse"
],
[
"net deferred tax assets of $2,195,000 (2018: $1,937,000) from the iMoney Group"
],
[
"What kind of deferred tax liabilities are you asking about?"
],
[
"12,071"
],
[
"2019"
],
[
"2019"
],
[
"6.82"
]
] |
[
[
"",
"March 1,",
""
],
[
"Department",
"2020",
"2019"
],
[
"Sales and Marketing",
"41",
"38"
],
[
"Engineering",
"13",
"9"
],
[
"Professional Services",
"6",
"6"
],
[
"Customer Support",
"22",
"22"
],
[
"Management and Administration",
"18",
"17"
],
[
"Total",
"100",
"92"
]
] |
[
"Our number of employees is as follows:",
"On August 3, 2018, we implemented a plan to restructure our organization, which included a reduction in workforce of approximately 40 employees, representing approximately 30% of the Company’s total pre-restructuring workforce. We recorded a charge of $381,000 in the third quarter of 2018 relating to this reduction in force, consisting primarily of one-time severance payments and termination benefits. The Company’s goal in the restructuring is to better focus our workforce on retaining current clients, gaining incremental business from current clients, and winning new business in the market segments where we can leverage our expertise and long history as an EFT pioneer.",
"Employees"
] |
[
"Why did the company restructure their organisation?",
"Why was there a charge of $381,000 to the company in 2018?",
"What percentage of the company's pre-restructuring workers were retrenched?",
"What percentage change is the number of employees from 2019 to 2020?",
"In the Sales and Marketing department.",
"How about that in the Engineering department?",
"How much was the company charged approximately for each employee that was dismissed?"
] |
[
[
"The Company’s goal in the restructuring is to better focus our workforce on retaining current clients, gaining incremental business from current clients, and winning new business in the market segments where we can leverage our expertise and long history as an EFT pioneer."
],
[
"We recorded a charge of $381,000 in the third quarter of 2018 relating to this reduction in force, consisting primarily of one-time severance payments and termination benefits."
],
[
"approximately 30% of the Company’s total pre-restructuring workforce"
],
[
"In which department are you asking about?"
],
[
"7.89"
],
[
"44.44"
],
[
"9525"
]
] |
[
[
"",
"2018",
"2019"
],
[
"As per January 1:",
"",
""
],
[
"Issued shares",
"62,297,394",
"56,297,394"
],
[
"Treasury shares",
"6,157,241",
"6,978,496"
],
[
"Outstanding shares",
"56,140,153",
"49,318,898"
],
[
"Changes during the year:",
"",
""
],
[
"Cancellation of treasury shares",
"6,000,000",
"5,000,000"
],
[
"Share buybacks",
"7,242,734",
"950,902"
],
[
"Treasury shares used for share based performance programs",
"421,479",
"498,224"
],
[
"As per December 31:",
"",
""
],
[
"Issued shares",
"56,297,394",
"51,297,394"
],
[
"Treasury shares",
"6,978,496",
"2,431,174"
],
[
"Outstanding shares",
"49,318,898",
"48,866,220"
]
] |
[
"SHARE INFORMATION",
"On December 31, 2019, the total number of issued common shares of ASMI amounted to 51,297,394 compared to 56,297,394 at year-end 2018. The decrease was the result of the cancellation of 5 million treasury shares that was approved by the Annual General Meeting of Shareholders (AGM) on May 20, 2019, and became effective on July 23, 2019.",
"On December 31, 2019, we had 48,866,220 outstanding common shares excluding 2,431,174 treasury shares. This compared to 49,318,898 outstanding common shares and 6,978,496 treasury shares at year-end 2018. Besides the cancellation of 5 million treasury shares in July 2019, the change in the number of treasury shares in 2019 was the result of approximately 951,000 repurchased shares and approximately 498,000 treasury shares that were used as part of share based payments.",
"On December 31, 2019, 48,583,340 of the outstanding common shares were registered with our transfer agent in the Netherlands, ABN AMRO Bank NV; and 282,880 were registered with our transfer agent in the United States, Citibank, NA, New York.",
"On February 25, 2020, ASMI announced that it will propose to the AGM 2020 the cancellation of 1.5 million treasury shares, as the number of 2.4 million treasury shares held at that date was more than sufficient to cover our outstanding options and restricted/performance shares."
] |
[
"Why would it be proposed that treasury share are to be cancelled?",
"Where are the outstanding common shares registered with in 2019?",
"What are the shares as per january 1 2019?",
"The issued shares.",
"What is the average number of Outstanding shares as per january 1 2018 and 2019? ",
"What is its change as per December 31, 2019 as compared to January 1, 2018?",
"At which point of time was its amount the greatest?"
] |
[
[
"the number of 2.4 million treasury shares held at that date was more than sufficient to cover our outstanding options and restricted/performance shares"
],
[
"Netherlands, ABN AMRO Bank NV",
"United States, Citibank, NA, New York"
],
[
"What kind of shares are you asking about?"
],
[
"56,297,394"
],
[
"52729525.5"
],
[
"-7273933"
],
[
"January 1",
"2018"
]
] |
[
[
"",
"Year ended December 31",
""
],
[
"",
"2019",
"2 0 1 8"
],
[
"",
"U.S. $ in thousands",
""
],
[
"United States",
"(4,378)",
"(3,617)"
],
[
"Israel",
"(18,875)",
"(10,331)"
],
[
"",
"(23,253)",
"(13,948)"
]
] |
[
"NOTE 13 - TAXES ON INCOME (Cont.)",
"D. Loss from continuing operations, before taxes on income, consists of the following:",
"E. Due to the Company’s cumulative losses, the effect of ASC 740 as codified from ASC 740-10 is not material."
] |
[
"What is the loss in 2019 and 2018 respectively?",
"The United States.",
"How about that in Israel?",
"How about the total loss in 2019?",
"What is its change in U.S. from 2018 to 2019?",
"What is its percentage change in the total loss in that period?",
"What is the percentage of Israel's loss from continuing operations, before taxes on income, for the year ended 2019?"
] |
[
[
"Which region are you asking about?"
],
[
"4,378",
"3,617"
],
[
"18,875",
"10,331"
],
[
"23,253"
],
[
"761"
],
[
"66.71"
],
[
"81.17"
]
] |
[
[
"($ in million)",
"",
"",
""
],
[
"For the year ended December 31:",
"2019",
"2018",
"Yr.-to-Yr. Percent Change"
],
[
"Total consolidated research, development and engineering",
"$5,989",
"$5,379",
"11.3%"
],
[
"Non-operating adjustment",
"",
"",
""
],
[
"Acquisition-related charges",
"(53)",
"-",
"NM"
],
[
"Operating (non-GAAP) research, development and engineering",
"$5,936",
"$5,379",
"10.4%"
]
] |
[
"Research, Development and Engineering Expense",
"NM—Not meaningful",
"Research, development and engineering (RD&E) expense was 7.8 percent of revenue in 2019 and 6.8 percent of revenue in 2018.",
"RD&E expense increased 11.3 percent in 2019 versus 2018 primarily driven by: • Higher spending (11 points) including investment in the z15 and Red Hat spending in the second half of 2019 (8 points); and • Higher acquisition-related charges associated with the Red Hat transaction (1 point); partially offset by • The effects of currency (1 point).",
"Operating (non-GAAP) expense increased 10.4 percent year to year primarily driven by the same factors excluding the acquisition-related charges associated with the Red Hat transaction."
] |
[
"What percentage of total revenue was Research, development and engineering (RD&E) expenses?",
"What caused the increase in the RD&E expenses?",
"How about the increase in the Operating (non-GAAP) expense?",
"What was the increase / (decrease) in the Total consolidated research, development and engineering from 2018 to 2019?",
"What was the average Acquisition-related charges?",
"How about the Operating (non-GAAP) research, development and engineering?"
] |
[
[
"Research, development and engineering (RD&E) expense was 7.8 percent of revenue in 2019 and 6.8 percent of revenue in 2018."
],
[
"RD&E expense increased 11.3 percent in 2019 versus 2018 primarily driven by: • Higher spending (11 points) including investment in the z15 and Red Hat spending in the second half of 2019 (8 points); and • Higher acquisition-related charges associated with the Red Hat transaction (1 point); partially offset by • The effects of currency (1 point)."
],
[
"Operating (non-GAAP) expense increased 10.4 percent year to year primarily driven by the same factors excluding the acquisition-related charges associated with the Red Hat transaction."
],
[
"610"
],
[
"-26.5"
],
[
"5657.5"
]
] |
[
[
"",
"",
"(` lakh)"
],
[
"Name",
"Commission",
"Sitting Fees"
],
[
"N Chandrasekaran, Chairman@",
"-",
"3.60"
],
[
"Aman Mehta",
"315.00",
"4.80"
],
[
"V Thyagarajan*",
"100.00",
"3.00"
],
[
"Prof Clayton M Christensen**",
"75.00",
"0.30"
],
[
"Dr Ron Sommer",
"220.00",
"5.10"
],
[
"O P Bhatt",
"215.00",
"7.50"
],
[
"Aarthi Subramanian@@",
"-",
"5.70"
],
[
"Dr Pradeep Kumar Khosla",
"150.00",
"2.10"
],
[
"Hanne Sorensen***",
"50.00",
"0.60"
],
[
"Keki Mistry***",
"50.00",
"0.60"
],
[
"Don Callahan****",
"35.00",
"0.30"
],
[
"Total",
"1,210.00",
"33.60"
]
] |
[
"iv. Details of the Remuneration for the year ended March 31, 2019:",
"a. Non-Executive Directors:",
"@ As a policy, N Chandrasekaran, Chairman, has abstained from receiving commission from the\nCompany.",
"@@ In line with the internal guidelines of the Company, no payment is made towards commission to\nthe Non-Executive Directors of the Company, who are in full time employment with any other Tata\ncompany.",
"* Relinquished the position of Independent Director w.e.f. July 10, 2018.",
"** Relinquished the position of Independent Director w.e.f. September 28, 2018.",
"*** Appointed as an Additional and Independent Director w.e.f. December 18, 2018.",
"**** Appointed as an Additional and Independent Director w.e.f. January 10, 2019."
] |
[
"Who received the highest commission?",
"And the sitting fees?",
"What is the amount (in lakh) of the lowest sitting fee?",
"What is its difference between the maximum and minimum?",
"What is the average commision?",
"What is the ratio of total commission to total sitting fees?"
] |
[
[
"Aman Mehta"
],
[
"O P Bhatt"
],
[
"0.30"
],
[
"7.2"
],
[
"110"
],
[
"36.01"
]
] |
[
[
"",
"September 30,",
""
],
[
"",
"2019",
"2018"
],
[
"",
"(Amounts in thousands)",
""
],
[
"Current accrued benefit liability",
"$335",
"$340"
],
[
"Non-current accrued benefit liability",
"6,904",
"6,168"
],
[
"Total accrued benefit liability",
"$7,239",
"$6,508"
]
] |
[
"Plans with projected benefit obligations in excess of plan assets are attributable to unfunded domestic supplemental retirement plans, and our U.K. retirement plan.",
"Accrued benefit liability reported as:",
"As of September 30, 2019 and 2018, the amounts included in accumulated other comprehensive income, consisted of\ndeferred net losses totaling approximately $6.3 million and $5.3 million, respectively.",
"The amount of net deferred loss expected to be recognized as a component of net periodic benefit cost for the year ending September 30, 2019, is approximately $229 thousand."
] |
[
"What is the amount of net deferred loss expected to be recognized as a component of net periodic benefit cost for the year ending September 30, 2019?",
"What is the amount included in accumulated other comprehensive income?",
"As of September 30, 2019.",
"How about that as of September 30, 2018?",
"What is the percentage change in the accrued benefit liability between 2018 and 2019?",
"Current accrued benefit liability.",
"How about the change in non-current accrued benefit liability in that period?",
"How much is the current accrued benefit liability as a percentage of the total accrued benefit liability?",
"2019"
] |
[
[
"$229 thousand"
],
[
"As of which date are you asking about?"
],
[
"$6.3 million"
],
[
"$5.3 million"
],
[
"What kind of accrued benefit liability are you asking about?"
],
[
"-1.47"
],
[
"736"
],
[
"Which year are you asking about?"
],
[
"4.63"
]
] |
[
[
"",
"Year Ended December 31,",
"",
"",
"",
""
],
[
"",
"2019",
"% Change",
"2018",
"% Change",
"2017"
],
[
"(In thousands, except percentage data)",
"",
"",
"",
"",
""
],
[
"Provision (benefit) for income tax",
"$3,780",
"(85.4)%",
"$25,878",
"(54.9)%",
"$57,357"
],
[
"Effective tax rate",
"12.8%",
"",
"59.9%",
"",
"124.1%"
]
] |
[
"2019 vs 2018",
"The decrease in tax expense for the year ended December 31, 2019, compared to the year ended December 31, 2018, resulted primarily from a decline in pre-tax earnings coupled with favorable benefits from the settlement of international tax audits and changes in estimate in tax expense recorded upon finalizing U.S. tax returns. These benefits were partially offset by the impact of stock based compensation related to shortfalls that occurred during the year as well as the impact of limitations on current and future deductions for certain executive officers under IRC section 162(m).",
"During fiscal year 2019, the Company evaluated the impact of the Global Intangible Low-Taxed Income “GILTI”, Foreign Derived Intangible Income “FDII” and Base Erosion and Anti-abuse Tax “BEAT” provisions. These provisions resulted in a net addition to tax of $1.7 million. This amount is comprised of BEAT of $2.1 million offset by the impact of GILTI and FDII of $(0.4) million. For fiscal year 2018, the company estimated that these provisions would result on a net benefit of $(0.3) million. Included in the 2019 tax expense is a benefit of $(0.7) million related to the net impact of these provisions as reported on the final U.S. tax return for the year ended December 31, 2018.",
"2018 vs 2017",
"The decrease in the effective tax rate and the decrease in tax expense for the year ended December 31, 2018, compared to the year ended December 31, 2017, resulted primarily from the combination of a decline in pre-tax earnings and the decrease in the US federal tax rate from 35% to 21%, and the impact of other provisions of the tax Cuts and Jobs Act. Additionally, tax expense for the year ended December 31, 2017 included the effect of the implementation of certain aspects of the Tax Act including recording provisional expense for the transition tax of $21.7 million for US federal and state income tax purposes. Additionally, the Company recorded tax expense of $26.6 million resulting from the remeasurement of net deferred tax assets resulting from the reduction in US federal tax rate. These items resulted in higher tax expense during fiscal 2017. During fiscal year 2018, the Company completed the computation of the transition tax as part of the 2017 income tax returns filing and reduced the federal and state provisional amount by $6.7 million. The Company has also evaluated the impact of the Global Intangible Low-Taxed Income “GILTI”, Foreign Derived Intangible Income “FDII” and Base Erosion and Anti-abuse Tax “BEAT” provisions and as a result recorded a detriment of $0.4 million and a benefit of $(0.7) million in relation to GILTI and FDII respectively, resulting on a net benefit of $(0.3) million. During the year ended December 31, 2018, the Company recorded tax expense of $23.0 million in continuing operations related to the write-off of deferred tax assets for which the underlying assets and liabilities related to Arlo. The decrease in the effective tax rate and the decrease in tax expense for the year ended December 31, 2018, compared to the year ended December 31, 2017, resulted primarily from the combination of a decline in pre-tax earnings and the decrease in the US federal tax rate from 35% to 21%, and the impact of other provisions of the tax Cuts and Jobs Act. Additionally, tax expense for the year ended December 31, 2017 included the effect of the implementation of certain aspects of the Tax Act including recording provisional expense for the transition tax of $21.7 million for US federal and state income tax purposes. Additionally, the Company recorded tax expense of $26.6 million resulting from the remeasurement of net deferred tax assets resulting from the reduction in US federal tax rate. These items resulted in higher tax expense during fiscal 2017. During fiscal year 2018, the Company completed the computation of the transition tax as part of the 2017 income tax returns filing and reduced the federal and state provisional amount by $6.7 million. The Company has also evaluated the impact of the Global Intangible Low-Taxed Income “GILTI”, Foreign Derived Intangible Income “FDII” and Base Erosion and Anti-abuse Tax “BEAT” provisions and as a result recorded a detriment of $0.4 million and a benefit of $(0.7) million in relation to GILTI and FDII respectively, resulting on a net benefit of $(0.3) million. During the year ended December 31, 2018, the Company recorded tax expense of $23.0 million in continuing operations related to the write-off of deferred tax assets for which the underlying assets and liabilities related to Arlo.",
"We are subject to income taxes in the U.S. and numerous foreign jurisdictions. Our future foreign tax rate could be affected by changes in the composition in earnings in countries with tax rates differing from the U.S. federal rate. We are under examination in various U.S. and foreign jurisdictions."
] |
[
"What was the change in the US federal tax rate?",
"from 2017 to 2018.",
"What accounted for the decrease in tax expense in 2019?",
"What could affect the future foreign tax rate?",
"What resulted in a net addition to tax in 2019?",
"What was the change in effective tax rate from 2018 to 2019?",
"Which year has the highest provision (benefit) for income taxes?"
] |
[
[
"Which period are you asking about?"
],
[
"-14"
],
[
"A decline in pre-tax earnings coupled with favorable benefits from the settlement of international tax audits and changes in estimate in tax expense recorded upon finalizing U.S. tax returns."
],
[
"Changes in the composition in earnings in countries with tax rates differing from the U.S. federal rate."
],
[
"Global Intangible Low-Taxed Income “GILTI”, Foreign Derived Intangible Income “FDII” and Base Erosion and Anti-abuse Tax “BEAT” provisions"
],
[
"-47.1"
],
[
"2017"
]
] |
[
[
"",
"Number of Shares",
"Average Price (a)",
"Average Life (years) (b)",
"Aggregate Intrinsic Value"
],
[
"Outstanding at March 31, 2018",
"1,894",
"$12.90",
"-",
"-"
],
[
"Options granted",
"-",
"-",
"-",
"-"
],
[
"Options exercised",
"(326)",
"13.11",
"-",
"$1,944"
],
[
"Options cancelled/forfeited",
"(122)",
"13.22",
"-",
"295"
],
[
"Outstanding at March 31, 2019",
"1,446",
"$12.82",
"3.29",
"$6,528"
],
[
"Exercisable at March 31, 2019",
"1,347",
"$12.70",
"3.08",
"$6,253"
]
] |
[
"Activity under our stock option plans is summarized as follows:",
"(a) Weighted-average exercise price",
"(b) Weighted-average contractual life remaining",
"The total aggregate intrinsic value of options exercised is $2,149, $1,724, and $1,944 for fiscal years ended March 31, 2017, 2018, and 2019, respectively."
] |
[
"What is the total aggregate intrinsic value of options exercised?",
"For the fiscal years ended March 31, 2017 to 2019 respectively.",
"What is the total value of them?",
"What is the percentage of this value as a percentage of the aggregate intrinsic value exercisable at March 31, 2019?",
"What is the number of share options between March 31, 2018 and 2019 respectively?",
"Options granted.",
"How about the number of shares outstanding?",
"What is the percentage change in the average price in that period?"
] |
[
[
"Which year are you asking about?"
],
[
"$2,149",
"$1,724",
"$1,944"
],
[
"5817"
],
[
"31.09"
],
[
"What kind of options are you asking about?"
],
[
"0",
"326"
],
[
"1,894",
"1,446"
],
[
"-1.55"
]
] |
[
[
"",
"",
"For the Year Ended",
""
],
[
"",
"January 31, 2020",
"February 1, 2019",
"February 2, 2018"
],
[
"Purchases and leases of products and purchases of services(1)",
"$242",
"$200",
"$142"
],
[
"Dell subsidiary support and administrative costs",
"119",
"145",
"212"
]
] |
[
"Information about VMware’s payments for such arrangements during the periods presented consisted of the following (table in millions):",
"1) Amount includes indirect taxes that were remitted to Dell during the periods presented.",
"VMware also purchases Dell products through Dell’s channel partners. Purchases of Dell products through Dell’s channel partners were not significant during the periods presented.",
"From time to time, VMware and Dell also enter into joint marketing, sales, branding and product development arrangements, for which both parties may incur costs.",
"During the fourth quarter of fiscal 2020, VMware entered into an arrangement with Dell to transfer approximately 250 professional services employees from Dell to VMware. These employees are experienced in providing professional services delivering VMware technology and this transfer centralizes these resources within the Company in order to serve its customers more efficiently and effectively. The transfer was substantially completed during the fourth quarter of fiscal 2020 and did not have a material impact to the consolidated financial statements. VMware also expects that Dell will resell VMware consulting solutions.",
"During the third quarter of fiscal 2019, VMware acquired technology and employees related to the Dell EMC Service Assurance Suite, which provides root cause analysis management software for communications service providers, from Dell. The purchase of the Dell EMC Service Assurance Suite was accounted for as a transaction by entities under common control. The amount of the purchase price in excess of the historical cost of the acquired assets was recognized as a reduction to retained earnings on the consolidated balance sheets. Transition services were provided by Dell over a period of 18 months, starting from the date of the acquisition, which were not significant.",
"During the second quarter of fiscal 2018, VMware acquired Wavefront, Inc. (“Wavefront”). Upon closing of the acquisition, Dell was paid $20 million in cash for its non-controlling ownership interest in Wavefront."
] |
[
"What did Purchases and leases of products and purchases of services include?",
"What was its change between 2018 and 2019?",
"Which years does the table provide information for VMware’s payments for such arrangements?",
"What were the Dell subsidiary support and administrative costs?",
"2020",
"How many years did its amount exceed $150 million?",
"What was the percentage change in this amount between 2019 and 2020?"
] |
[
[
"indirect taxes that were remitted to Dell during the periods presented."
],
[
"58"
],
[
"2020",
"2019",
"2018"
],
[
"Which year are you asking about?"
],
[
"119"
],
[
"1"
],
[
"-17.93"
]
] |
[
[
"",
"Year Ended December 31",
"Percent Change",
""
],
[
"",
"2019",
"2018",
"Change"
],
[
"",
"(in thousands)",
"",
""
],
[
"Service revenue",
"$546,159",
"$520,193",
"5.0%"
],
[
"On-net revenues",
"396,753",
"374,555",
"5.9%"
],
[
"Off-net revenues",
"148,931",
"145,004",
"2.7%"
],
[
"Network operations expenses(1)",
"219,801",
"219,526",
"0.1%"
],
[
"Selling, general, and administrative expenses(2)",
"146,913",
"133,858",
"9.8%"
],
[
"Depreciation and amortization expenses",
"80,247",
"81,233",
"(1.2)%"
],
[
"Gains on equipment transactions",
"1,059",
"982",
"7.8%"
],
[
"Interest expense",
"57,453",
"51,056",
"12.5%"
],
[
"Income tax expense",
"15,154",
"12,715",
"19.2%"
]
] |
[
"Results of Operations",
"Year Ended December 31, 2019 Compared to the Year Ended December 31, 2018",
"Our management reviews and analyzes several key financial measures in order to manage our business and assess the quality of and variability of our service revenue, operating results and cash flows. The following summary tables present a comparison of our results of operations with respect to certain key financial measures. The comparisons illustrated in the tables are discussed in greater detail below.",
"(1) Includes non-cash equity-based compensation expense of $994 and $895 for 2019 and 2018, respectively.",
"(2) Includes non-cash equity-based compensation expense of $17,466 and $16,813 for 2019 and 2018, respectively.",
"Service Revenue. Our service revenue increased 5.0% from 2018 to 2019. Exchange rates negatively impacted our increase in service revenue by approximately $5.3 million. All foreign currency comparisons herein reflect results for 2019 translated at the average foreign currency exchange rates for 2018. We increased our total service revenue by increasing the number of sales representatives selling our services, by expanding our network, by adding additional buildings to our network, by increasing our penetration into the buildings connected to our network and by gaining market share by offering our services at lower prices than our competitors.",
"Revenue recognition standards include guidance relating to any tax assessed by a governmental authority that is directly imposed on a revenue-producing transaction between a seller and a customer and may include, but is not limited to, gross receipts taxes, Universal Service Fund fees and certain state regulatory fees. We record these taxes billed to our customers on a gross basis (as service revenue and network operations expense) in our consolidated statements of operations. The impact of these taxes including the Universal Service Fund resulted in an increase to our revenues from 2018 to 2019 of approximately $2.4 million.",
"Our net-centric customers tend to purchase their service on a price per megabit basis. Our corporate customers tend to utilize a small portion of their allocated bandwidth on their connections and tend to purchase their service on a per connection basis. Revenues from our corporate and net-centric customers represented 68.4% and 31.6% of total service revenue, respectively, for 2019 and represented 64.9% and 35.1% of total service revenue, respectively, for 2018. Revenues from corporate customers increased 10.6% to $373.7 million for 2019 from $337.8 million for 2018 primarily due to an increase in our number of our corporate customers. Revenues from our net-centric customers decreased by 5.4% to $172.5 million for 2019 from $182.3 million for 2018 primarily due to an increase in our number of net-centric customers being offset by a decline in our average price per megabit. Our revenue from our net-centric customers has declined as a percentage of our total revenue and grew at a slower rate than our corporate customer revenue because net-centric customers purchase our services based upon a price per megabit basis and our average price per megabit declined by 23.9% from 2018 to 2019. Additionally, the net-centric market experiences a greater level of pricing pressure than the corporate market and net-centric customers who renew their service with us expect their renewed service to be at a lower price than their current price. We expect that our average price per megabit will continue to decline at similar rates which would result in our corporate revenues continuing to represent a greater portion of our total revenues and our net-centric revenues continuing to grow at a lower rate than our corporate revenues. Additionally, the impact of foreign exchange rates has a more significant impact on our net-centric revenues.",
"Our on-net revenues increased 5.9% from 2018 to 2019. We increased the number of our on-net customer connections by 8.4% at December 31, 2019 from December 31, 2018. On-net customer connections increased at a greater rate than on-net revenues primarily due to the 3.8% decline in our on-net ARPU, primarily from a decline in ARPU for our net-centric customers. ARPU is determined by dividing revenue for the period by the average customer connections for that period. Our average price per megabit for our installed base of customers is determined by dividing the aggregate monthly recurring fixed charges for those customers by the aggregate committed data rate for the same customers. The decline in on-net ARPU is partly attributed to volume and term based pricing discounts. Additionally, on-net customers who cancel their service from our installed base of customers, in general, have an ARPU that is greater than the ARPU for our new customers due to declining prices primarily for our on-net services sold to our net-centric customers. These trends resulted in the reduction to our on-net ARPU and a 23.9% decline in our average price per megabit for our installed base of customers.",
"Our off-net revenues increased 2.7% from 2018 to 2019. Our off-net revenues increased as we increased the number of our off-net customer connections by 6.3% at December 31, 2019 from December 31, 2018. Our off-net customer connections increased at a greater rate than our off-net revenue primarily due to the 5.0% decrease in our off-net ARPU.",
"Network Operations Expenses. Network operations expenses include the costs of personnel associated with service delivery, network management, and customer support, network facilities costs, fiber and equipment maintenance fees, leased circuit costs, access and facilities fees paid to building owners and excise taxes billed to our customers and recorded on a gross basis. Non-cash equity-based compensation expense is included in network operations expenses consistent with the classification of the employee's salary and other compensation. Our network operations expenses, including non-cash equity-based compensation expense, increased 0.1% from 2018 to 2019 as we were connected to 8.0% more customer connections and we were connected to 125 more on-net buildings as of December 31, 2019 compared to December 31, 2018. The increase in network operations expense is primarily attributable to an increase in costs related to our network and facilities expansion activities, the increase in our off-net revenues and the increase in taxes recorded on a gross basis partly offset by price reductions obtained in certain of our circuit costs and fewer fiber operating leases. When we provide off-net services we also assume the cost of the associated tail circuits.",
"Selling, General, and Administrative Expenses (“SG&A”). Our SG&A expenses, including non-cash equity- based compensation expense, increased 9.8% from 2018 to 2019. Non-cash equity-based compensation expense is included in SG&A expenses consistent with the classification of the employee's salary and other compensation and was $17.5 million for 2019 and $16.8 million for 2018. SG&A expenses increased primarily from an increase in salaries and related costs required to support our expansion and increases in our sales efforts and an increase in our headcount. Our sales force headcount increased by 10.8% from 619 at December 31, 2018 to 686 at December 31, 2019 and our total headcount increased by 8.3% from 974 at December 31, 2018 to 1,055 at December 31, 2019.",
"Depreciation and Amortization Expenses. Our depreciation and amortization expenses decreased 1.2% from 2018 to 2019. The decrease is primarily due to the depreciation expense associated with the increase related to newly deployed fixed assets being offset by the decline in depreciation expense from fully depreciated fixed assets.",
"Gains on Equipment Transactions. We exchanged certain used network equipment and cash consideration for new network equipment resulting in gains of $1.1 million for 2019 and $1.0 million for 2018. The gains are based upon the excess of the estimated fair value of the new network equipment over the carrying amount of the returned used network equipment and the cash paid. The increase in gains from 2018 to 2019 was due to purchasing more equipment under the exchange program in 2019 than we purchased in 2018.",
"Interest Expense. Interest expense results from interest incurred on our $445.0 million of senior secured notes, interest incurred on our $189.2 million of senior unsecured notes, interest on our installment payment agreement, interest on our finance lease obligations and interest incurred on our €135.0 million of 2024 Notes that we issued on June 25, 2019. Our interest expense increased by 12.5% for 2019 from 2018 primarily due to the issuance of $70.0 million of senior secured notes we issued in August 2018, the issuance of €135.0 million of senior unsecured notes we issued in June 2019 and an increase in our finance lease obligations. The 2024 Notes were issued at par for €135.0 million ($153.7 million) on June 25, 2019. The 2024 Notes were issued in Euros and are reported in our reporting currency — US Dollars. As of December 31, 2019 the 2024 Notes were valued at $151.4 million resulting in an unrealized gain on foreign exchange of $2.3 million in 2019.",
"Income Tax Expense. Our income tax expense was $15.1 million for 2019 and $12.7 million for 2018. The increase in our income tax expense was primarily related to an increase in our income before income taxes.",
"Buildings On-net. As of December 31, 2019 and 2018 we had a total of 2,801 and 2,676 on-net buildings connected to our network, respectively."
] |
[
"What are the respective amounts of non-cash equity-based compensation expense included in 2018 and 2019 respectively?",
"Network operations expenses.",
"How about that included in the selling, general, and administrative expenses?",
"What are the respective revenue in 2018 and 2019?",
"Service revenue.",
"What is the average of them?",
"How about the average on-net revenue in those years?",
"How about the off-net revenue?"
] |
[
[
"Which kind of expenses are you asking about?"
],
[
"$895",
"$994"
],
[
"$16,813",
"$17,466"
],
[
"What kind of revenues are you asking about?"
],
[
"$520,193",
"$546,159"
],
[
"533176"
],
[
"385654"
],
[
"146967.5"
]
] |
[
[
"",
"Year Ended December 31",
""
],
[
"",
"2019",
"2018"
],
[
"Revenues (in thousands)",
"$ 224,913",
"$ 17,542"
],
[
"Loss from continuing operations (in thousands)",
"$ (13,432)",
"$ ( 7,792)"
],
[
"Loss per share - continuing operations",
"$ (0.42)",
"$ ( 0.35)"
],
[
"Weighted average number of common shares outstanding - basic and diluted",
"32,359,316",
"22,099,149"
]
] |
[
"Our revenues for 2019 include $1.9 million related to the acquired MGI business. Our net loss for 2019 includes $0.3 million of net loss from the acquired MGI business. The following table provides unaudited pro forma information for the periods presented as if the MGI acquisition had occurred January 1, 2018.",
"No adjustments have been made in the pro forma information for synergies that are resulting or planned from the MGI acquisition. The unaudited proforma information is not indicative of the results that may have been achieved had the companies been combined as of January 1, 2018, or of our future operating results."
] |
[
"What are the revenue and net loss for 2019?",
"What are the respective revenues in 2018 and 2019?",
"What are the respective loss from continuing operations in these two years?",
"What is the change in loss between 2018 and 2019?",
"Loss per share.",
"What is its average in these two years?",
"Which year has the highest Weighted average number of common shares outstanding - basic and diluted?"
] |
[
[
"$1.9 million",
"$0.3 million"
],
[
"$ 17,542",
"$ 224,913"
],
[
"7,792",
"13,432"
],
[
"What kind of loss are you asking about?"
],
[
"-0.07"
],
[
"0.39"
],
[
"2019"
]
] |
[
[
"",
"As of December 31,",
""
],
[
"",
"2018",
"2019"
],
[
"Trade receivables",
"808",
"9,463"
],
[
"VAT receivable",
"1,094",
"637"
],
[
"Accrued income",
"9,473",
"8,274"
],
[
"Insurance claims",
"1,282",
"1,400"
],
[
"Other receivables",
"7,587",
"5,126"
],
[
"Total",
"20,244",
"24,900"
]
] |
[
"GasLog Ltd. and its Subsidiaries\nNotes to the consolidated financial statements (Continued)\nFor the years ended December 31, 2017, 2018 and 2019\n(All amounts expressed in thousands of U.S. Dollars, except share and per share data)",
"9. Trade and Other Receivables",
"Trade and other receivables consist of the following:",
"Trade and other receivables are amounts due from third parties for services performed in the ordinary course of business. They are generally due for settlement immediately and therefore are all classified as current. Trade and other receivables are recognized initially at the amount of consideration that is unconditional unless they contain certain significant financing components, at which point they are recognized at fair value. The Group holds the trade receivables with the objective to collect the contractual cash flows and therefore measures them subsequently at amortized cost using the effective interest rate method.",
"Accrued income represents net revenues receivable from charterers, which have not yet been invoiced; all other amounts not yet invoiced are included under Other receivables.",
"As of December 31, 2018 and 2019 no allowance for expected credit losses was recorded."
] |
[
"What does accrued income represent?",
"Why does the Group hold the trade receivables?",
"What was its change from 2018 to 2019?",
"What was the percentage change in total receivables in that period?",
"What are the components of trade and other receivables?",
"In which year was the amount higher?",
"Insurance claims."
] |
[
[
"Accrued income represents net revenues receivable from charterers, which have not yet been invoiced"
],
[
"The Group holds the trade receivables with the objective to collect the contractual cash flows"
],
[
"8655"
],
[
"23"
],
[
"Trade receivables",
"VAT receivable",
"Accrued income",
"Insurance claims",
"Other receivables"
],
[
"The amount of which component are you asking about?"
],
[
"2019"
]
] |
[
[
"",
"",
"",
"",
"(dollars in millions, except per share amounts)",
""
],
[
"",
"2019",
"2018",
"2017",
"2016",
"2015"
],
[
"Results of Operations",
"",
"",
"",
"",
""
],
[
"Operating revenues",
"$131,868",
"$130,863",
"$ 126,034",
"$ 125,980",
"$ 131,620"
],
[
"Operating income",
"30,378",
"22,278",
"27,425",
"29,249",
"30,615"
],
[
"Net income attributable to Verizon",
"19,265",
"15,528",
"30,101",
"13,127",
"17,879"
],
[
"Per common share – basic",
"4.66",
"3.76",
"7.37",
"3.22",
"4.38"
],
[
"Per common share – diluted",
"4.65",
"3.76",
"7.36",
"3.21",
"4.37"
],
[
"Cash dividends declared per common share",
"2.435",
"2.385",
"2.335",
"2.285",
"2.230"
],
[
"Net income attributable to noncontrolling interests",
"523",
"511",
"449",
"481",
"496"
],
[
"Financial Position",
"",
"",
"",
"",
""
],
[
"Total assets",
"$ 291,727",
"$ 264,829",
"$ 257,143",
"$ 244,180",
"$ 244,175"
],
[
"Debt maturing within one year",
"10,777",
"7,190",
"3,453",
"2,645",
"6,489"
],
[
"Long-term debt",
"100,712",
"105,873",
"113,642",
"105,433",
"103,240"
],
[
"Employee benefit obligations",
"17,952",
"18,599",
"22,112",
"26,166",
"29,957"
],
[
"Noncontrolling interests",
"1,440",
"1,565",
"1,591",
"1,508",
"1,414"
],
[
"Equity attributable to Verizon",
"61,395",
"53,145",
"43,096",
"22,524",
"16,428"
]
] |
[
"Selected Financial Data",
"• Significant events affecting our historical earnings trends in 2018 through 2019 are described in “Special Items” in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section.",
"• 2017 data includes severance, pension and benefit charges, gain on spectrum license transactions, acquisition and integration related charges, product realignment charges, net gain on sale of divested businesses and early debt redemption costs. 2016 data includes severance, pension and benefit charges, gain on spectrum license transactions, net gain on sale of divested businesses and early debt redemption costs. 2015 data includes severance, pension and benefit credits and gain on spectrum license transactions.",
"• On January 1, 2019, we adopted several Accounting Standards Updates (ASUs) that were issued by the Financial Accounting Standards Board (FASB) using the modified retrospective basis. On January 1, 2018, we adopted several ASUs that were issued by the FASB. These standards were adopted on different bases, including: (1) prospective; (2) full retrospective; and (3) modified retrospective.",
"Based on the method of adoption, certain figures are not comparable, with full retrospective reflected in all periods. See Note 1 to the consolidated financial statements for additional information."
] |
[
"What was the operating revenue?",
"2019",
"How about the Per common share - basic?",
"What was its change from 2018 to 2019?",
"What was the Total assets in 2019?",
"What was the average operating income?",
"2015-2019",
"What was the change in operating revenues from 2017 to 2018?"
] |
[
[
"Which year are you asking about?"
],
[
"$131,868"
],
[
"4.66"
],
[
"0.9"
],
[
"$ 291,727"
],
[
"Which period are you asking about?"
],
[
"27989"
],
[
"4829"
]
] |
[
[
"",
"",
"Years Ended December 31,",
""
],
[
"",
"2019",
"2018",
"2017"
],
[
"Reconciliation to consolidated net revenues:",
"",
"",
""
],
[
"Segment net revenues",
"$5,969",
"$6,835",
"$6,765"
],
[
"Revenues from non-reportable segments (1)",
"462",
"480",
"410"
],
[
"Net effect from recognition (deferral) of deferred net revenues (2)",
"101",
"238",
"(139)"
],
[
"Elimination of intersegment revenues (3)",
"(43)",
"(53)",
"(19)"
],
[
"Consolidated net revenues",
"$6,489",
"$7,500",
"$7,017"
],
[
"Reconciliation to consolidated income before income tax expense:",
"",
"",
""
],
[
"Segment operating income",
"$2,054",
"$2,446",
"$2,417"
],
[
"Operating income (loss) from non-reportable segments (1)",
"24",
"31",
"(19)"
],
[
"Net effect from recognition (deferral) of deferred net revenues and related cost of revenues (2)",
"52",
"100",
"(71)"
],
[
"Share-based compensation expense",
"(166)",
"(209)",
"(178)"
],
[
"Amortization of intangible assets",
"(203)",
"(370)",
"(757)"
],
[
"Fees and other expenses related to the acquisition of King (4)",
"—",
"—",
"(15)"
],
[
"Restructuring costs (5)",
"(137)",
"(10)",
"(15)"
],
[
"Other non-cash charges (6)",
"—",
"—",
"(14)"
],
[
"Discrete tax-related items (7)",
"(17)",
"—",
"(39)"
],
[
"Consolidated operating income",
"1,607",
"1,988",
"1,309"
],
[
"Interest and other expense (income), net",
"(26)",
"71",
"146"
],
[
"Loss on extinguishment of debt",
"—",
"40",
"12"
],
[
"Consolidated income before income tax expense",
"$1,633",
"$1,877",
"$1,151"
]
] |
[
"Notes to Consolidated Financial Statements (continued)",
"Reconciliations of total segment net revenues and total segment operating income to consolidated net revenues and consolidated income before income tax expense are presented in the table below (amounts in millions):",
"(1) Includes other income and expenses from operating segments managed outside the reportable segments, including our Distribution business. Also includes unallocated corporate income and expenses.",
"(2) Reflects the net effect from recognition (deferral) of deferred net revenues, along with related cost of revenues, on certain of our online-enabled products.",
"(3) Intersegment revenues reflect licensing and service fees charged between segments.",
"(4) Reflects fees and other expenses, such as legal, banking, and professional services fees, related to the acquisition of King and associated integration activities, including related debt financings.",
"(5) Reflects restructuring initiatives, which include severance and other restructuring-related costs.",
"(6) Reflects a non-cash accounting charge to reclassify certain cumulative translation gains (losses) into earnings due to the substantial liquidation of certain of our foreign entities.",
"(7) Reflects the impact of other unusual or unique tax-related items and activities."
] |
[
"What do intersegment revenues reflect?",
"What was the segment net revenue?",
"2019",
"What was its percentage change between 2018 and 2019?",
"What was the change in net revenues between 2018 and 2019?",
"Consolidated net revenues",
"What was the percentage change in segment operating income before income tax expense?",
"Between 2017 and 2018.",
"What was the revenues from non-reportable segments in 2017?"
] |
[
[
"licensing and service fees charged between segments."
],
[
"Which year are you asking about?"
],
[
"$5,969"
],
[
"-12.67"
],
[
"What kind of Net revenues are you asking about?"
],
[
"-1011"
],
[
"Which period are you asking about?"
],
[
"1.2"
],
[
"410"
]
] |
[
[
"",
"2019",
"2018",
"2017"
],
[
"Gross unrecognized tax benefits at the beginning of the year",
"$1,321",
"$1,181",
"$—"
],
[
"Additions from tax positions taken in the current year",
"213",
"140",
"140"
],
[
"Additions from tax positions taken in prior years",
"73",
"—",
"1,041"
],
[
"Reductions from tax positions taken in prior years",
"—",
"—",
"—"
],
[
"Tax settlements",
"—",
"—",
"—"
],
[
"Gross unrecognized tax benefits at end of the year",
"$1,607",
"$1,321",
"$1,181"
]
] |
[
"Uncertain Tax Positions",
"In accordance with authoritative guidance, the impact of an uncertain income tax position on the income tax return must be recognized at the largest amount that is more-likely-than-not to be sustained upon audit by the relevant taxing authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained.",
"The following table reconciles the beginning and ending amount of unrecognized tax benefits for the fiscal years ended September 30, 2019, 2018,and 2017 (amounts shown in thousands):",
"Of the total unrecognized tax benefits at September 30, 2019, $1.6 million will impact the Company’s effective tax rate. The Company does not anticipate that there will be a substantial change in unrecognized tax benefits within the next twelve months.",
"The Company's practice is to recognize interest and/or penalties related to income tax matters in income tax expense. As of September 30, 2019, no accrued interest or penalties related to uncertain tax positions are recorded in the consolidated financial statements.",
"The Company is subject to income taxation in the U.S. at the federal and state levels. All tax years are subject to examination by U.S., California, and other state tax authorities due to the carryforward of unutilized net operating losses and tax credits. The Company is also subject to foreign income taxes in the countries in which it operates. The Company’s U.S. federal tax return for the year ended September 30, 2017 is currently under examination. To our knowledge, the Company is not currently under examination by any other taxing authorities."
] |
[
"What is the condition when an uncertain income tax position will not be recognized?",
"How much of total unrecognized tax benefits will impact the Company’s effective tax rate on September 30, 2019?",
"What is the gross unrecognized tax benefit at the end of the year 2018?",
"What is its average at the end of the year from 2017 to 2019?",
"What is its percentage change at the beginning of the year from 2018 to 2019?",
"What is the proportion of addition from tax positions taken in the current year and prior years over gross unrecognized tax benefit?",
"At the end of the year 2019."
] |
[
[
"if it has less than a 50% likelihood of being sustained"
],
[
"$1.6 million"
],
[
"$1,321"
],
[
"1369.67"
],
[
"11.85"
],
[
"Which year are you asking about?"
],
[
"0.18"
]
] |
[
[
"",
"",
"",
"",
"",
"2019"
],
[
"£m",
"Within 1 year",
"1–2 years",
"2–5 years",
"Over 5 years",
"Total"
],
[
"Borrowings (including interest)",
"(249.5)",
"(1,091.3)",
"(2,600.9)",
"(1,716.1)",
"(5,657.8)"
],
[
"Finance lease obligations",
"(5.3)",
"(5.3)",
"(14.3)",
"(104.8)",
"(129.7)"
],
[
"Other financial liabilities",
"(15.4)",
"–",
"–",
"(1.2)",
"(16.6)"
],
[
"Net derivative payments",
"(34.3)",
"(28.8)",
"(78.4)",
"(222.9)",
"(364.4)"
],
[
"",
"(304.5)",
"(1,125.4)",
"(2,693.6)",
"(2,045.0)",
"(6,168.5)"
],
[
"",
"",
"",
"",
"",
""
],
[
"",
"",
"",
"",
"",
"2018"
],
[
"£m",
"Within 1 year",
"1–2 years",
"2–5 years",
"Over 5 years",
"Total"
],
[
"Borrowings (including interest)",
"(237.8)",
"(245.2)",
"(3,259.1)",
"(2,408.0)",
"(6,150.1)"
],
[
"Finance lease obligations",
"(4.4)",
"(4.4)",
"(13.4)",
"(104.8)",
"(127.0)"
],
[
"Other financial liabilities",
"(6.1)",
"(1.2)",
"–",
"–",
"(7.3)"
],
[
"Net derivative payments",
"(37.2)",
"(33.5)",
"(74.0)",
"(248.2)",
"(392.9)"
],
[
"",
"(285.5)",
"(284.3)",
"(3,346.5)",
"(2,761.0)",
"(6,677.3)"
],
[
"",
"",
"",
"",
"",
""
]
] |
[
"Liquidity risk",
"Liquidity risk is managed to enable the Group to meet future payment obligations when financial liabilities fall due. Liquidity analysis is conducted to determine that sufficient headroom is available to meet the Group’s operational requirements and committed investments. The Group treasury policy aims to meet this objective by maintaining adequate cash, marketable securities and committed facilities. Undrawn borrowing facilities are detailed in note 23. The Group’s policy is to seek to optimise its exposure to liquidity risk by balancing its exposure to interest rate risk and to refinancing risk. In effect the Group seeks to borrow for as long as possible at the lowest acceptable cost.",
"Group policy is to maintain a weighted average debt maturity of over five years. At 31 December 2019, the maturity profile of Group debt showed an average maturity of five years (2018: six years). The Group regularly reviews the maturity profile of its borrowings and seeks to avoid concentration of maturities through the regular replacement of facilities and by arranging a selection of maturity dates. Refinancing risk may be reduced by doing so prior to the contracted maturity date. The change in valuation of an asset used as security for a debt facility may impact the Group’s ability to refinance that debt facility at the same quantum as currently outstanding.",
"The Group does not use supplier financing arrangements to manage liquidity risk.",
"The tables below set out the maturity analysis of the Group’s financial liabilities based on the undiscounted contractual obligations to make payments of interest and to repay principal. Where interest payment obligations are based on a floating rate, the rates used are those implied by the par yield curve for the relevant currency. Where payment obligations are in foreign currencies, the spot exchange rate at the balance sheet date is used."
] |
[
"Why is liquidity analysis conducted?",
"What is the average maturity of the Group debt in 2019?",
"How about that in 2018?",
"What is the percentage change in the borrowings (including interest) from 2018 to 2019?",
"Within 1 year.",
"What is its percentage that matures over 5 years in the total amount in 2019?",
"What is the percentage change in the finance lease obligations from 2018 to 2019?",
"The total amount."
] |
[
[
"to determine that sufficient headroom is available to meet the Group’s operational requirements and committed investments."
],
[
"five years"
],
[
"six years"
],
[
"What kind of maturity are you asking about?"
],
[
"4.92"
],
[
"30.33"
],
[
"What kind of maturity are you asking about?"
],
[
"2.13"
]
] |
[
[
"",
"",
"",
"Payments Due by Period",
"",
""
],
[
"",
"Total",
"Less Than 1 Year",
"2-3 Years",
"4-5 Years",
"More Than 5 Years"
],
[
"Operating lease obligations",
"$23,673",
"$9,008",
"$10,907",
"$2,827",
"$931"
],
[
"Purchase obligations",
"20,520",
"16,748",
"3,669",
"103",
"—"
],
[
"Total",
"$44,193",
"$25,756",
"$14,576",
"$2,930",
"$931"
]
] |
[
"Summary Disclosures about Contractual Obligations and Commercial Commitments",
"Our material capital commitments consist of obligations under facilities and operating leases. Some of these leases have free or escalating rent payment provisions. We recognize rent expense under leases on a straight-line basis. We anticipate that we will experience an increase in our capital expenditures and lease commitments as a result of our anticipated growth in operations, infrastructure, personnel and resources devoted to building our brand name.",
"The following table summarizes our obligations as of March 31, 2019 (dollars in thousands):",
"We generally do not enter into binding purchase obligations. The purchase obligations above relate primarily to marketing and IT services. The contractual obligations table above excludes unrecognized tax benefits, plus related interest and penalties totaling $1.1 million because we cannot reasonably estimate in which future periods these amounts will ultimately be settled.",
"We have certain software royalty commitments associated with the shipment and licensing of certain products. Royalty expense is generally based on a fixed cost per unit shipped or a fixed fee for unlimited units shipped over a designated period. Royalty expense, included in cost of software and products revenues was $12.3 million in fiscal 2019 and $4.5 million million in fiscal 2018.",
"We offer a 90-day limited product warranty for our software. To date, costs relating to this product warranty have not been material."
] |
[
"How much was the royalty expense?",
"In fiscal 2019 and fiscal 2018 respectively.",
"How long is the product warranty period for the company's software?",
"What kinds of purchase obligations does the data refer to?",
"What is its amount in the next 3 years?",
"How much less operating lease obligations than purchase obligations does the company have due?",
"Less than 1 year.",
"What percentage of obligations are due in more than 4 years?",
"Operating lease obligations."
] |
[
[
"Which year are you asking about?"
],
[
"$12.3 million",
"$4.5 million"
],
[
"90-day"
],
[
"primarily to marketing and IT services"
],
[
"20417"
],
[
"Which period are you asking about?"
],
[
"7740"
],
[
"What kind of obligations are you asking about?"
],
[
"0.16"
]
] |
[
[
"",
"",
"Year Ended March 31,",
""
],
[
"",
"2019",
"2018",
"2017"
],
[
"Debt issuance amortization",
"$12.9",
"$3.1",
"$2.4"
],
[
"Debt discount amortization",
"2.2",
"—",
"—"
],
[
"Interest expense",
"291.8",
"6.6",
"40.4"
],
[
"Total interest expense on Senior Secured Indebtedness",
"306.9",
"9.7",
"42.8"
],
[
"Debt issuance amortization",
"3.6",
"3.5",
"2.1"
],
[
"Debt discount amortization",
"112.4",
"106.1",
"56.1"
],
[
"Coupon interest expense",
"77.1",
"77.3",
"44.5"
],
[
"Total interest expense on Convertible Debt",
"193.1",
"186.9",
"102.7"
],
[
"Other interest expense",
"2.9",
"2.4",
"0.8"
],
[
"Total interest expense",
"$502.9",
"$199.0",
"$146.3"
]
] |
[
"Interest expense includes the following (in millions):",
"The remaining period over which the unamortized debt discount will be recognized as non-cash interest expense is 7.88 years, 5.88 years, and 17.88 years for the 2017 Senior Convertible Debt, 2015 Senior Convertible Debt and 2017 Junior Convertible Debt, respectively.",
"In November 2017, the Company called for redemption $14.6 million in principal value of the remaining outstanding 2007 Junior Subordinated Convertible Debt (2007 Junior Convertible Debt) with an effective redemption date of December 15, 2017 for which substantially all holders submitted requests to convert. Prior to the call, conversion requests were received in both the second and third quarters of fiscal 2018. Total conversions for fiscal 2018 were for a principal amount of $32.5 million for which the Company settled the principal amount in cash and issued 0.5 million shares of its common stock in respect of the conversion value in excess of the principal amount for the conversions occurring prior to the redemption notice and $41.0 of redemption. A loss on total conversions was recorded for $2.2 million.",
"In June 2017, the Company exchanged, in privately negotiated transactions, $111.3 million aggregate principal amount of its 2007 Junior Convertible Debt for (i) $111.3 million principal amount of 2017 Junior Convertible Debt with a market value of $119.3 million plus (ii) the issuance of 3.2 million shares of the Company's common stock with a value of $254.6 million, of which $56.3 million was allocated to the fair value of the liability and $321.1 million was allocated to the reacquisition of the equity component for total consideration of $374.0 million. The transaction resulted in a loss on settlement of the 2007 Junior Convertible Debt of approximately $13.8 million, which represented the difference between the fair value of the liability component at time of repurchase and the sum of the carrying values of the debt component and any unamortized debt issuance costs. The debt discount on the new 2017 Junior Convertible Debt was the difference between the par value and the fair value of the debt resulting in a debt discount of $55.1 million which will be amortized to interest expense using the effective interest method over the term of the debt.",
"In February 2017, the Company issued the 2017 Senior Convertible Debt and 2017 Junior Convertible Debt for net proceeds of $2.04 billion and $567.7 million, respectively. In connection with the issuance of these instruments, the Company incurred issuance costs of $33.7 million, of which $17.8 million and $3.4 million was recorded as convertible debt issuance costs related to the 2017 Senior Convertible Debt and 2017 Junior Convertible Debt, respectively, and will be amortized using the effective interest method over the term of the debt. The balance of $12.5 million in fees was recorded to equity. Interest on both instruments is payable semi-annually on February 15 and August 15 of each year.",
"In February 2015, the Company issued the 2015 Senior Convertible Debt for net proceeds of approximately $1.69 billion. In connection with the issuance, the Company incurred issuance costs of $30.3 million, of which $20.4 million was recorded as debt issuance costs and will be amortized using the effective interest method over the term of the debt. The balance of $9.9 million was recorded to equity.",
"The Company utilized the proceeds from the issuances of the 2017 Senior Convertible Debt, 2017 Junior Convertible Debt, and 2015 Senior Convertible Debt to reduce amounts borrowed under its Credit Facility and to settle a portion of the 2007 Junior Convertible Debt in privately negotiated transactions. In February 2017 and February 2015, the Company settled $431.3 million and $575.0 million, respectively, in aggregate principal of its 2007 Junior Convertible Debt. The February 2015 repurchase consisted solely of cash. In February 2017, the Company used cash of $431.3 million and an aggregate of 12.0 million in shares of the Company's common stock valued at $862.7 million for total consideration of $1.29 billion to repurchase $431.3 million of the 2007 Junior Convertible Debt, of which $188.0 million was allocated to the liability component and $1.11 billion was allocated to the equity component. In addition, in February 2017, there was an inducement fee of $5.0 million which was recorded in the consolidated statements of income in loss on settlement of debt. The consideration transferred in February 2015 was $1.13 billion, of which $238.3 million was allocated to the liability component and $896.3 million was allocated to the equity component. In the case of both settlements of the 2007 Junior Convertible Debt, the consideration was allocated to the liability and equity components using the equivalent rate that reflected the borrowing rate for a similar nonconvertible debt prior to the retirement. The transactions resulted in a loss on settlement of debt of approximately $43.9 million and $50.6 million in fiscal 2017 and fiscal 2015, respectively, which represented, in each case, the difference between the fair value of the liability component at time of repurchase and the sum of the carrying values of the debt component and any unamortized debt issuance costs."
] |
[
"What was the remaining period over which the unamortized debt discount will be recognized as non-cash interest expense for the 2017 Senior Convertible Debt?",
"Which years does the table provide information for the company's interest expense?",
"What was the Debt issuance amortization in 2018?",
"The Debt issuance amortization on Senior Secured Indebtedness",
"What was the change in Other interest expense?",
"Between 2017 and 2018.",
"What was the percentage change in total interest expense between 2018 and 2019?",
"How many years did Debt discount amortization on Convertible Debt exceed $100 million?"
] |
[
[
"7.88 years"
],
[
"2019",
"2018",
"2017"
],
[
"What kind of Debt issuance amortization are you asking about?"
],
[
"3.1"
],
[
"Which period are you asking about?"
],
[
"1.6"
],
[
"152.71"
],
[
"2"
]
] |
[
[
"Three months ended August 31,",
"2019",
"2018(2)",
"Change"
],
[
"(in thousands of dollars, except percentages and earnings per share)",
"$",
"$",
"%"
],
[
"Profit for the period from continuing operations",
"92,403",
"75,870",
"21.8"
],
[
"Profit for the period",
"94,323",
"74,818",
"26.1"
],
[
"Profit for the period from continuing operations attributable to owners of the Corporation",
"87,850",
"72,753",
"20.8"
],
[
"Profit for the period attributable to owners of the Corporation",
"89,770",
"71,701",
"25.2"
],
[
"Profit for the period from continuing operations attributable to non-controlling interest(2)",
"4,553",
"3,117",
"46.1"
],
[
"Basic earnings per share from continuing operations",
"1.78",
"1.48",
"20.3"
],
[
"Basic earnings per share",
"1.82",
"1.45",
"25.5"
]
] |
[
"(1) 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 operations. For further details, please consult the \"Accounting policies\" and \"Discontinued operations\" sections.",
"(2) The non-controlling interest represents a participation of 21% in Atlantic Broadband's results by Caisse de dépot et placement du Québec (\"CDPQ\"), effective since the MetroCast acquisition on January 4, 2018.",
"Fiscal 2019 fourth-quarter profit for the period from continuing operations and profit for the period from continuing operations attributable to owners of the Corporation increased by 21.8% and 20.8%, respectively, as a result of: • higher adjusted EBITDA; and • the decrease in financial expense.",
"Fiscal 2019 fourth-quarter profit for the period and profit for the period attributable to owners of the Corporation increased by 26.1% and 25.2%, respectively, mainly due to a profit for the period from discontinued operations of $1.9 million due to working capital adjustments during the fourth quarter related to the sale of Cogeco Peer 1 compared to a loss for the period from discontinued operations of $1.1 million for the comparable period of the prior year in addition to the elements mentioned above."
] |
[
"How much was the Fiscal 2019 fourth-quarter profit for the period increase from continuing operations?",
"How about the profit for the period from continuing operations attributable to owners of the Corporation?",
"What led to these increase?",
"What is the increase/ (decrease) in Profit from 2018 to 2019?",
"The period attributable to owners of the Corporation.",
"How about that for the period from continuing operations?",
"And that for the period from continuing operations attributable to owners of the Corporation?"
] |
[
[
"21.8%"
],
[
"20.8%"
],
[
"mainly due to a profit for the period from discontinued operations of $1.9 million due to working capital adjustments during the fourth quarter related to the sale of Cogeco Peer 1 compared to a loss for the period from discontinued operations of $1.1 million for the comparable period of the prior year in addition to the elements mentioned above."
],
[
"Which period are you asking about?"
],
[
"18069"
],
[
"16533"
],
[
"15097"
]
] |
[
[
"",
"",
"December 31,",
""
],
[
"",
"2019",
"2018",
"2017"
],
[
"Gross unrecognized tax benefits at beginning of year",
"$490",
"$220",
"$293"
],
[
"Increases in tax positions for prior years",
"7,718",
"36",
"—"
],
[
"Increases in tax positions for current year",
"1,839",
"320",
"32"
],
[
"Decreases in tax positions for prior years",
"(412)",
"—",
"—"
],
[
"Lapse in statute of limitations",
"—",
"(86)",
"(105)"
],
[
"Gross unrecognized tax benefits at end of year",
"$9,635",
"$490",
"$220"
]
] |
[
"A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows (in thousands):",
"The total liability for gross unrecognized tax benefits as of December 31, 2019, 2018 and 2017 includes $9.6 million, $0.4 million and $0.2 million, respectively, of unrecognized net tax benefits which, if ultimately recognized, would reduce our annual effective tax rate in a future period. These liabilities, along with liabilities for interest and penalties, are included in accounts payable and accrued expenses and Other long-term liabilities in our consolidated balance sheet. Interest, which is included in Interest expense in our consolidated statement of income, was not material for all years presented.",
"During the year ended December 31, 2019, we recognized an increase in unrecognized tax benefits of approximately $7.7 million related to an increase in research and development tax credits available to us for tax years 2016-2018 and $1.8 million for the 2019 tax year.",
"We are subject to income taxes in the U.S., various state and foreign jurisdictions. Tax statutes and regulations within each jurisdiction are subject to interpretation and require significant judgment to apply. We are no longer subject to U.S. federal or non-U.S. income tax examinations by tax authorities for the years before 2015. We are no longer subject to U.S. state tax examinations by tax authorities for the years before 2014. We believe it is reasonably possible that within the next year our unrecognized tax benefits may decrease by $1.9 million due to the acceptance of a portion of our amended research and development credits."
] |
[
"What does the table show us?",
"The company believes that it is possible that within the next year, unrecognized tax benefits may decrease by $1.9 million. What causes that decrease?",
"What did the increase of approximately $7.7 million in unrecognized tax benefits relate to, during the year ended December 21, 2019?",
"What is the proportion of the total increase in tax positions for the prior and current years over gross unrecognized tax benefits at that time?",
"What is the total lapse in the statute of limitations?",
"From 2017 to 2019.",
"What is the percentage change of gross unrecognized tax benefits from the end of the year 2017 to 2018?"
] |
[
[
"A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits"
],
[
"the acceptance of a portion of our amended research and development credits"
],
[
"an increase in research and development tax credits available to us for tax years 2016-2018 and $1.8 million for the 2019 tax year."
],
[
"0.99"
],
[
"Which period are you asking about?"
],
[
"-191"
],
[
"122.73"
]
] |
[
[
"",
"",
"Year Ended December 31,",
""
],
[
"",
"2019",
"2018",
"2017"
],
[
"Stock-based compensation expense data:",
"",
"",
""
],
[
"Sales and marketing",
"$2,075",
"$1,196",
"$561"
],
[
"General and administrative",
"6,474",
"4,901",
"2,638"
],
[
"Research and development",
"12,054",
"7,332",
"4,214"
],
[
"Total stock-based compensation expense",
"$20,603",
"$13,429",
"$7,413"
]
] |
[
"Results of Operations",
"(2) Operating expenses include stock-based compensation expense as follows (in thousands):"
] |
[
"What years does the table provide information for total stock-based compensation expense?",
"What was the amount of research and development?",
"2017",
"What was its percentage change between 2018 and 2019?",
"What was the amount of sales and marketing in 2018?",
"What was its change between 2017 and 2018?",
"How many years did its amount exceed $1,000 thousand?"
] |
[
[
"2019",
"2018",
"2017"
],
[
"Which year are you asking about?"
],
[
"4,214"
],
[
"64.4"
],
[
"1,196"
],
[
"635"
],
[
"2"
]
] |
[
[
"($ in millions)",
"",
"",
""
],
[
"For the year ended December 31:",
"2019",
"2018*",
"Yr.-to-Yr. Percent/ Margin Change"
],
[
"Global Business Services",
"",
"",
""
],
[
"External gross profit",
"$4,606",
"$4,448",
"3.5%"
],
[
"External gross profit margin",
"27.7%",
"26.8%",
"0.9 pts."
],
[
"Pre-tax income",
"$1,666",
"$1,629",
"2.2%"
],
[
"Pre-tax margin",
"9.9%",
"9.6%",
"0.2 pts."
]
] |
[
"The GBS profit margin increased 0.9 points to 27.7 percent and pre-tax income of $1,666 million increased 2.2 percent year to year. The pre-tax margin of 9.9 percent increased slightly year to year. The year-to-year improvements in margins and pre-tax income were driven by the continued mix shift to higher-value offerings, the yield from delivery productivity improvements and a currency benefit from leveraging the global delivery resource model. We continued to invest in our services offerings and skills necessary to assist our clients on their cloud journey.",
"* Recast to reflect segment changes."
] |
[
"What caused the decrease in the pre-tax income in 2019?",
"What was its increase / (decrease) from 2018 to 2019?",
"What was the pre-tax margin of 2019?",
"What was its increase / (decrease) from 2018 to 2019?",
"What was the margin in 2019?",
"External gross profit margin.",
"What were the average External total gross profit?"
] |
[
[
"The year-to-year improvements in margins and pre-tax income were driven by the continued mix shift to higher-value offerings, the yield from delivery productivity improvements and a currency benefit from leveraging the global delivery resource model."
],
[
"37"
],
[
"9.9%"
],
[
"0.3"
],
[
"What kind of margin are you asking about?"
],
[
"27.7%"
],
[
"4527"
]
] |
[
[
"Fiscal Year ended March 31,",
"US Plans",
"International Plans"
],
[
"2020",
"$2,295",
"$7,055"
],
[
"2021",
"2,333",
"7,197"
],
[
"2022",
"2,353",
"7,337"
],
[
"2023",
"2,371",
"7,624"
],
[
"2024",
"2,388",
"7,624"
],
[
"2025-2029",
"11,880",
"40,364"
]
] |
[
"We make contributions to our defined benefit plans as required under various pension funding regulations. We expect to make contributions of approximately\n$1,420 to the international plans in fiscal 2020 based on current actuarial computations",
"Estimated future benefit payments are as follows:",
"Savings plans:",
"We sponsor retirement savings plans, which allow eligible employees to defer part of their annual compensation. Certain contributions by us are discretionary and\nare determined by our Board of Directors each year. Our contributions to the savings plans in the United States for the fiscal years ended March 31, 2017, 2018 and 2019\nwere approximately $4,367, $4,421, and $4,913, respectively.",
"We also sponsor a nonqualified deferred compensation program, which permits certain employees to annually elect to defer a portion of their compensation until\nretirement. A portion of the deferral is subject to a matching contribution by us. The employees select among various investment alternatives, which are the same as are\navailable under the retirement savings plans, with the investments held in a separate trust. The value of the participants’ balances fluctuate based on the performance of\nthe investments. The market value of the trust at March 31, 2018 and 2019 of $6,649 and $4,693, respectively, is included as an asset and a liability in our accompanying\nbalance sheet because the trust’s assets are both assets of the Company and a liability as they are available to general creditors in certain circumstances"
] |
[
"What are the future benefit payments of Plans for the fiscal years ended March 31, 2020 to 2022?",
"U.S. Plans.",
"How about that for 2022 to 2024?",
"How about International Plans for 2020 to 2022?",
"What is the difference between these two plans?",
"2020",
"What is the percentage change in the estimated future benefit payments between 2020 and 2021 for the international plans?",
"What is the total and estimated future benefits payments for the U.S.?",
"2017 to 2022."
] |
[
[
"What kind of Plans are you asking about?"
],
[
"2,295",
"2,333",
"2,353"
],
[
"2,353",
"2,371",
"2,388"
],
[
"7,055",
"7,197",
"7,337"
],
[
"Which year are you asking about?"
],
[
"4760"
],
[
"2.01"
],
[
"Which period are you asking about?"
],
[
"15996"
]
] |
[
[
"",
"2019",
"2018"
],
[
"",
"$ million",
"$ million"
],
[
"Raw materials",
"4.8",
"6.6"
],
[
"Work in progress",
"1.2",
"1.2"
],
[
"Finished goods¹",
"14.6",
"19.7"
],
[
"",
"20.6",
"27.5"
]
] |
[
"19. Inventories",
"Note",
"1. Finished goods in 2018 includes $1.8 million relating to deferred costs which has been reclassified from trade and other receivables; see note 2 for further details.",
"An expense of $1.6 million (2018 $0.1 million) has been charged to the income statement in the year for inventory write-downs. There were no reversals of prior period inventory write-downs (2018 nil).",
"No inventories are carried at fair value less costs to sell (2018 nil)."
] |
[
"What was charged to the income statement in the year for inventory write-downs?",
"What does Finished goods in 2018 include?",
"What are the types of inventories in the table?",
"In which year was the amount larger?",
"Raw materials.",
"What was the change in total inventories?",
"What was it in percentage?"
] |
[
[
"An expense of $1.6 million (2018 $0.1 million)"
],
[
"$1.8 million relating to deferred costs which has been reclassified from trade and other receivables"
],
[
"Raw materials",
"Work in progress",
"Finished goods"
],
[
"What type of inventories are you asking about?"
],
[
"2018"
],
[
"-6.9"
],
[
"-25.09"
]
] |
[
[
"Year Ending March 31,",
"Capital Leases",
"Facility Leases",
"Data Centers"
],
[
"2020",
"$ 918",
"$ 10,649",
"$ 21,216"
],
[
"2021",
"1,102",
"15,186",
"17,427"
],
[
"2022",
"326",
"14,111",
"13,010"
],
[
"2023",
"—",
"13,825",
"2,774"
],
[
"2024",
"—",
"13,686",
"356"
],
[
"Thereafter ",
"—",
"59,502",
"—"
],
[
"Total minimum lease payments ",
"$ 2,346",
"$ 126,959",
"$ 54,783"
],
[
"Less: Amount representing interest ",
"(121)",
"",
""
],
[
"Present value of capital lease obligations ",
"2,225",
"",
""
],
[
"Less: Current portion ",
"(844)",
"",
""
],
[
"Long-term portion of capital lease obligations ",
"$1,381",
"",
""
]
] |
[
"12. Commitments and Contingencies",
"The Company leases its facilities under non-cancelable operating leases and build-to-suit leases with various expiration dates through March 2029. Rent expense related to the Company’s office facilities was $5.3 million, $4.8 million and $3.2 million for the years ended March 31, 2019, 2018 and 2017, respectively. The Company has also entered into various capital lease agreements for computer equipment with non-cancelable terms through January 2022 and has non-cancelable commitments related to its data centers.",
"Future minimum payments for our capital leases, facility operating leases (including Lexington MA – U.S. build-to-suit lease) and data center operating leases as of March 31, 2019 are as follows:",
"Certain amounts included in the table above relating to data center operating leases for the Company’s servers include usage-based charges in addition to base rent.",
"Future lease payments in the table above do not include amounts due to the Company for future minimum sublease rental income of $0.6 million under non-cancelable subleases through 2020.",
"The Company has outstanding letters of credit of $3.9 million and $3.8 million related to certain operating leases as of March 31, 2019 and 2018, respectively."
] |
[
"How much was the outstanding letters of credit related to certain operating leases as of March 31?",
"2019",
"How about 2018?",
"How much was the Rent expense related to the Company’s office facilities for the years ended March 31, 2019, 2018 and 2017 respectively?",
"What is the change in Leases from Year Ending March 31, 2021 to 2022?",
"Facility Leases.",
"How about that from 2022 to 2023?",
"And 2023 to 2024?"
] |
[
[
"Which year are you asking about?"
],
[
"$3.9 million"
],
[
"$3.8 million"
],
[
"$5.3 million",
"$4.8 million",
"$3.2 million"
],
[
"What kind of Leases are you asking about?"
],
[
"-1075"
],
[
"-286"
],
[
"-139"
]
] |
[
[
"$ million",
"2019",
"2018"
],
[
"Product development",
"96.5",
"96.9"
],
[
"Selling and marketing",
"129.2",
"123.9"
],
[
"Administration1",
"50.0",
"46.6"
],
[
"Adjusted operating costs1",
"275.7",
"267.4"
],
[
"Networks & Security",
"158.4",
"148.9"
],
[
"Lifecycle Service Assurance",
"70.5",
"70.5"
],
[
"Connected Devices",
"38.2",
"40.8"
],
[
"Corporate",
"8.6",
"7.2"
],
[
"Adjusted operating costs1",
"275.7",
"267.4"
]
] |
[
"Operating costs",
"Total Group adjusted operating costs were up $8.3 million or 3.1 per cent in 2019 compared to last year, broadly in line with inflation. The emphasis remained on effective resource allocation and careful cost management. The overall investment in product development was maintained, with continuing focus on high-growth, high-margin areas. Investment in the sales and marketing organisation was targeted on expanding our key account management programme to drive incremental business with our most valuable customers and developing routes to market for our new technologies to a broadening customer base. Administration costs in 2019 reflected an inflationary increase and higher corporate costs, primarily due to CEO transition.",
"Segmentally, investment continued in Networks & Security, where we see the most near-term opportunities for growth, particularly in relation to 400G high-speed Ethernet and our Positioning business. A new General Manager joined Lifecycle Service Assurance in October and a review is in progress to evolve the business and optimise the organisational structure to expand the customer base and deliver on our growth agenda. Proactive cost management has once again been demonstrated within Connected Devices, where we have seen a decrease in legacy product revenue year-on-year. As stated above, corporate costs in 2019 included costs associated with CEO transition.",
"Note",
"1. Before exceptional items, acquisition related costs, acquired intangible asset amortisation and share-based payment amounting to $4.3 million in total (2018 $19.6 million)."
] |
[
"For adjusted operating costs, what was the amount of Before exceptional items, acquisition related costs, acquired intangible asset amortisation and share-based payment in 2019?",
"What is the change in the total group adjusted operating costs?",
"What are the different business segments considered in the operating costs?",
"In which year was the amount of operating costs larger?",
"Networks & Security.",
"What was the change in costs under Corporate?",
"What is it in percentage?"
] |
[
[
"$4.3 million in total"
],
[
"up $8.3 million"
],
[
"Networks & Security",
"Lifecycle Service Assurance",
"Connected Devices",
"Corporate",
"Product Development",
"Selling and Marketing",
"Administration"
],
[
"Which business segment are you asking about?"
],
[
"2019"
],
[
"1.4"
],
[
"19.44"
]
] |
[
[
"",
"December 31,",
""
],
[
"",
"(in thousands)",
""
],
[
"",
"2019",
"2018"
],
[
"Finished Goods",
"$8,320",
"$12,472"
],
[
"Work in process",
"—",
"67"
],
[
"Component parts",
"6,768",
"4,716"
],
[
"Service parts",
"4,238",
"5,482"
],
[
"",
"$19,326",
"$22,737"
]
] |
[
"Note 7 — Inventories, net",
"Inventories are used in the manufacture and service of Restaurant/Retail products. The components of inventory, net consist of the following:",
"At December 31, 2019 and 2018, the Company had recorded inventory write-downs of $9.6 million and $9.8 million , respectively, against Restaurant/Retail inventories, which relate primarily to service parts."
] |
[
"Where are Inventories used?",
"How much was the inventory write-downs at December 31?",
"2019 and 2018 respectively.",
"What is the value of Finished Goods in these two years respectively?",
"What is the average of them?",
"What is its change in that period?",
"How about the change in Component parts?"
] |
[
[
"in the manufacture and service of Restaurant/Retail products."
],
[
"Which year are you asking about?"
],
[
"$9.6 million",
"$9.8 million"
],
[
"$8,320",
"$12,472"
],
[
"10396"
],
[
"-4152"
],
[
"2052"
]
] |
[
[
"",
"",
"",
"",
"",
"(dollars in millions) Payments Due By Period"
],
[
"Contractual Obligations ",
"Total ",
"Less than 1 year",
"1 to 3 years ",
"3 to 5 years ",
"More than 5 years"
],
[
"Long-term debt(1)",
"$110,865",
"$ 10,470",
"$ 16,431",
"$ 9,803",
"$ 74,161"
],
[
"Finance lease obligations(2) ",
"1,213",
"366",
"479",
"244",
"124"
],
[
"Total long-term debt, including current maturities ",
"112,078",
"10,836",
"16,910",
"10,047",
"74,285"
],
[
"Interest on long-term debt(1) ",
"62,450",
"4,578",
"8,383",
"7,426",
"42,063"
],
[
"Operating leases(2)",
"25,968",
"4,099",
"7,127",
"5,485",
"9,257"
],
[
"Purchase obligations(3) ",
"18,769",
"8,384",
"7,448",
"1,441",
"1,496"
],
[
"Other long-term liabilities(4) ",
"4,135",
"694",
"1,692",
"1,749",
"—"
],
[
"Finance obligations(5) ",
"1,539",
"281",
"579",
"603",
"76"
],
[
"Total contractual obligations ",
"$ 224,939",
"$ 28,872",
"$ 42,139",
"$ 26,751",
"$ 127,177"
]
] |
[
"Contractual Obligations",
"The following table provides a summary of our contractual obligations and commercial commitments at December 31, 2019. Additional detail about these items is included in the notes to the consolidated financial statements.",
"(1) Items included in long-term debt with variable coupon rates exclude unamortized debt issuance costs, and are described in Note 7 to the consolidated financial statements. (2) See Note 6 to the consolidated financial statements for additional information.",
"(3) Items included in purchase obligations are primarily commitments to purchase content and network services, equipment, software and marketing services, which will be used or sold in the ordinary course of business. These amounts do not represent our entire anticipated purchases in the future, but represent only those items that are the subject of contractual obligations. We also purchase products and services as needed with no firm commitment.",
"For this reason, the amounts presented in this table alone do not provide a reliable indicator of our expected future cash outflows or changes in our expected cash position. See Note 16 to the consolidated financial statements for additional information.",
"(4) Other long-term liabilities represent estimated postretirement benefit and qualified pension plan contributions. Estimated qualified pension plan contributions include expected minimum funding contributions, which commence in 2026 based on the plan’s current funded status. Estimated postretirement benefit payments include expected future postretirement benefit payments.",
"These estimated amounts: (1) are subject to change based on changes to assumptions and future plan performance, which could impact the timing or amounts of these payments; and (2) exclude expectations beyond 5 years due to uncertainty of the timing and amounts. See Note 11 to the consolidated financial statements for additional information.",
"(5) Represents future minimum payments under the sublease arrangement for our tower transaction. See Note 6 to the consolidated financial statements for additional information.",
"We are not able to make a reasonable estimate of when the unrecognized tax benefits balance of $2.9 billion and related interest and penalties will be settled with the respective taxing authorities until issues or examinations are further developed. See Note 12 to the consolidated financial statements for additional information."
] |
[
"What was the total long-term debt?",
"What was it less than 1 year?",
"What is its difference between due less than 1 year and 1 to 3 years?",
"What is its average for each payment period?",
"What was the total obligation?",
"Total finance lease obligation.",
"What is its average for each payment period?"
] |
[
[
"$110,865"
],
[
"$ 10,470"
],
[
"5961"
],
[
"27716.25"
],
[
"What kind of total obligation are you asking about?"
],
[
"1,213"
],
[
"303.25"
]
] |
[
[
"",
"Twelve Months Ended December 31,",
""
],
[
"",
"2019",
"2018"
],
[
"Transportation",
"$299,005",
"$300,124"
],
[
"Industrial",
"78,369",
"86,968"
],
[
"Medical",
"41,901",
"40,663"
],
[
"Aerospace & Defense",
"32,569",
"23,323"
],
[
"Telecom & IT",
"17,155",
"19,405"
],
[
"Total",
"$468,999",
"$470,483"
]
] |
[
"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)",
"Disaggregated Revenue",
"The following table presents revenues disaggregated by the major markets we serve:"
] |
[
"Which years does the table provide information for revenues disaggregated by the major markets the company ser ves?",
"What was the revenue in 2019?",
"The revenue from Industrial.",
"How about that from Telecom & IT in 2018?",
"Which major markets had revenues that exceeded $100,000 thousand in 2019?",
"What was the change in the revenues from Aerospace & Defense between 2018 and 2019?",
"What was the percentage change in total revenue in that period?"
] |
[
[
"2019",
"2018"
],
[
"What kind of revenue are you asking about?"
],
[
"78,369"
],
[
"19,405"
],
[
"Transportation"
],
[
"9246"
],
[
"-0.32"
]
] |
[
[
"",
"",
"",
"",
"Year Ended December 31,",
""
],
[
"",
"",
"",
"",
"% Change vs.Prior Year",
""
],
[
"2019",
"2019",
"2018",
"2017",
"2019",
"2018"
],
[
"Hardware Revenue (Pre ASC 606 Adoption)",
"$44,972",
"$49,914",
"$43,190",
"-10%",
"16%"
],
[
"Cost of hardware",
"-32,455",
"-35,947",
"- 32,205",
"-10%",
"12%"
],
[
"Hardware Revenue, net (Post ASC 606 Adoption)",
"$12,517",
"$13,967",
"$ 10,985",
"-10%",
"27%"
]
] |
[
"Hardware",
"Hardware sales, net decreased $1.5 million, or -10% in 2019 compared to 2018. We adopted the new ASC 606 standard as of January 1, 2018 and elected to use the modified retrospective method. Historical hardware sales prior to the adoption of ASC 606 were recorded on a gross basis, as we were the principal in the transaction in accordance with the previous standard, ASC 605-45. Under the new standard, we are an agent in the transaction as we do not physically control the hardware which we sell. Accordingly, starting January 1, 2018, we recognize our hardware revenue net of related cost which reduces both hardware revenue and cost of sales as compared to our accounting prior to 2018. For comparison purposes only, had we implemented ASC 606 using the full retrospective method, we would have also presented hardware revenue net of cost for prior periods as shown below.",
"The majority of hardware sales are derived from our Americas segment. Sales of hardware are largely dependent upon customer- specific desires, which fluctuate."
] |
[
"When is ASC 606 being adopted by the company?",
"What is the revenue from hardware, net (Post ASC 606 Adoption)",
"2019",
"What is the percentage change in cost of hardware?",
"Between 2019 and 2018.",
"What is the sum of their amount?",
"What is the change in hardware revenue (Pre ASC 606 Adoption) in 2019 and 2018?",
"How about that in hardware revenue, net (Post ASC 606 Adoption) between 2019 and 2017?"
] |
[
[
"January 1, 2018"
],
[
"Which year are you asking about?"
],
[
"$12,517"
],
[
"Which period are you asking about?"
],
[
"-10%"
],
[
"68402"
],
[
"-4942"
],
[
"1532"
]
] |
[
[
"",
"2019",
"(Restated) 2018"
],
[
"",
"£m",
"£m"
],
[
"Total net debt",
"321.0",
"355.2"
],
[
"Total equity",
"59.0",
"5.6"
],
[
"Total capital",
"380.0",
"360.8"
]
] |
[
"Capital management",
"The Group considers capital to be net debt plus total equity. Net debt is calculated as total bank debt and lease financing, less unamortised debt fees and cash and cash equivalents as shown in note 32. Total equity is as shown in the Consolidated balance sheet.",
"The calculation of total capital is shown in the table below:",
"Following the application of IFRS 16, total capital for the year ended 31 March 2018 has been restated (note 2).",
"The objectives for managing capital are to safeguard the Group’s ability to continue as a going concern, in order to provide returns for shareholders and benefits for other stakeholders and to maintain an efficient capital structure to optimise the cost of capital. In order to maintain or adjust the capital structure, the Group may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares or take other steps to increase share capital and reduce or increase debt facilities.",
"As at 31 March 2019, the Group had borrowings of £313.0m (2018: £343.0m) through its Syndicated revolving credit facility (2018: Syndicated Term Loan). Interest is payable on this facility at a rate of LIBOR plus a margin of between 1.2% and 2.1% depending on the consolidated leverage ratio of Auto Trader Group plc and its subsidiaries, which is calculated and reviewed on a biannual basis. The Group remains in compliance with its banking covenants."
] |
[
"How is net debt calculated?",
"What was the amount of borrowings the Group had as at 31 March 2019?",
"What are the components in the table used for the calculation of total capital?",
"In which year was total capital larger?",
"What was its change in 2019 from 2018?",
"What is it in percentage?"
] |
[
[
"Net debt is calculated as total bank debt and lease financing, less unamortised debt fees and cash and cash equivalents as shown in note 32"
],
[
"borrowings of £313.0m (2018: £343.0m) through its Syndicated revolving credit facility (2018: Syndicated Term Loan)."
],
[
"Total net debt",
"Total equity"
],
[
"2019"
],
[
"19.2"
],
[
"5.32"
]
] |
[
[
"",
"",
"",
"Payments Due By Period",
"",
""
],
[
"(Dollars in Millions)",
"Total",
"Less than 1 year",
"1-3 years",
"3-5 years",
"More than 5 years"
],
[
"Capital Leases",
"$1.7",
"$0.6",
"$0.9",
"$0.2",
"$—"
],
[
"Operating Leases",
"34.2",
"7.8",
"10.5",
"7.5",
"8.4"
],
[
"Debt (1)",
"295.5",
"15.7",
"28.8",
"247.7",
"3.3"
],
[
"Estimated Interest on Debt (2)",
"46.8",
"11.7",
"20.7",
"14.2",
"0.2"
],
[
"Deferred Compensation",
"8.5",
"1.2",
"3.2",
"1.6",
"2.5"
],
[
"Total",
"$386.7",
"$37.0",
"$64.1",
"$271.2",
"$14.4"
]
] |
[
"Contractual Obligations",
"The following table summarizes contractual obligations and commitments, as of April 27, 2019:",
"(1) Assumes the outstanding borrowings under the revolving credit facility will be repaid upon maturity of the credit agreement in September 2023.",
"(2) Amounts represent estimated contractual interest payments on outstanding debt. Interest rates in effect as of April 27, 2019 are used for floating-rate debt.",
"We enter into agreements with suppliers to assist us in meeting our customers' production needs. These agreements vary as to duration and quantity commitments. Historically, most have been short-term agreements, which do not provide for minimum purchases, or are requirements-based contracts."
] |
[
"Why does the company enter into agreements with suppliers?",
"What was the leases due in 1 year and 1-3 years respectively?",
"Capital leases.",
"What was the difference between them?",
"In which period was operating leases due less than 10 million?",
"What was the total operating leases?",
"What percentage of the total was made of debt?"
] |
[
[
"to assist us in meeting our customers' production needs."
],
[
"What kind of leases are you asking about?"
],
[
"$0.6",
"$0.9"
],
[
"0.3"
],
[
"Less than 1 year",
"3-5 years",
"More than 5 years"
],
[
"34.2"
],
[
"76.42"
]
] |
[
[
"",
"2019",
"2018",
"2017"
],
[
"Directors' remuneration",
"",
"",
""
],
[
"Average remuneration of Supervisory Board Members(1)",
"$105,066(2)",
"$ 115,618",
"$ 123,281"
],
[
"Company's performance",
"",
"",
""
],
[
"Net revenues (amounts in millions)",
"$ 9,556",
"$ 9,664",
"$ 8,347"
],
[
"Operating income (amounts in millions)",
"$ 1,203",
"$ 1,400",
"$ 1,005"
],
[
"Average remuneration of all global indirect employees (FTE basis) (3)",
"",
"",
""
],
[
"Employees",
"$ 97,300",
"$ 100,600",
"$ 93,500"
]
] |
[
"(1) Using the euro per US dollar exchange rate on December 31, 2019 of €1 = $1.1213.",
"(2) Since May 23, 2019 Mr. Manzi has not been a member of the Supervisory Board.",
"(3) Global indirect employees are all employees other than those directly manufacturing our products.",
"We do not have any service agreements with members of our Supervisory Board. We did not extend any loans or overdrafts to any of our Supervisory Board members. Furthermore, we have not guaranteed any debts or concluded any leases with any of our Supervisory Board members or their families."
] |
[
"Since when has Mr. Manzi not been a part of the supervisory board?",
"What is the comment on the status of Global indirect employees?",
"What was the exchange rate used for EUR to USD on 31 December 2019?",
"What was the increase / (decrease) in the Average remuneration from 2018 to 2019?",
"The Average remuneration of Supervisory Board Members",
"What is the percentage increase / (decrease) in Operating income in that period?",
"What was the average Net Revenues?",
"2017-2019"
] |
[
[
"May 23, 2019"
],
[
"Global indirect employees are all employees other than those directly manufacturing our products."
],
[
"€1 = $1.1213"
],
[
"What kind of average renumeration are you asking about?"
],
[
"-10552"
],
[
"-14.07"
],
[
"Which period are you asking about?"
],
[
"9189"
]
] |
[
[
"",
"",
"2019 Annual LTI Grants",
"",
"",
""
],
[
"",
"Time-vested Restricted Shares or RSUs",
"",
"Performance-based Restricted Shares or RSUs",
"",
""
],
[
"Named Officer",
"No. of Shares(1)(3)",
"Grant Value(1)",
"No. of Shares(2)(3)",
"Grant Value(4)",
"Total Grant Value(4)"
],
[
"Current Executives:",
"",
"",
"",
"",
""
],
[
"Jeffrey K. Storey(5)",
"358,884",
"$5,040,000",
"538,328",
"$7,560,000",
"$12,600,000"
],
[
"Indraneel Dev",
"76,904",
"1,080,000",
"115,356",
"1,620,000",
"2,700,000"
],
[
"Stacey W. Goff",
"56,966",
"800,000",
"85,449",
"1,200,000",
"2,000,000"
],
[
"Scott A. Trezise",
"22,786",
"320,000",
"34,180",
"480,000",
"800,000"
],
[
"Shaun. C. Andrews",
"21,362",
"300,000",
"32,043",
"450,000",
"750,000"
]
] |
[
"2019 Annual LTI Grants. Except for Messrs. Dev, Trezise and Andrews, the Committee granted annual LTI\nawards to our named executives in February 2019 at amounts substantially similar to the awards granted to\nthem in 2018. Mr. Dev’s 2019 LTI target was increased to $2,700,000, as previously approved by the Committee\nupon his promotion to CFO in November 2018. Mr. Andrews’ 2019 LTI target was increased to $750,000, as\npreviously approved by the Committee following a review of compensation benchmarking in November 2018. In\nFebruary 2019, the Committee reviewed the compensation benchmarking data for all executive officers and\nincreased Mr. Trezise’s LTI target to $800,000 and left unchanged the LTI target for our other NEOs.",
"On February 28, 2019, the Committee granted our named executives the following number of (i) restricted shares or RSUs that will vest over a three-year period principally in exchange for continued service (“time-vested restricted shares or RSUs”), (ii) performance-based restricted shares or RSUs that will vest in two equal installments on March 1 of each of 2021 and 2022 based on attainment during the 2019 Performance Period, as defined above, of an Adjusted EBITDA Run Rate target of 0.0% (the “Performance-Vested Shares or RSUs”), as described further above:",
"(1) Represents the number of restricted shares or RSUs granted in 2019.",
"(2) As discussed further above, the actual number of shares that vest in the future may be lower or higher, depending on the level of performance achieved.",
"(3) Dividends on the shares of restricted stock (or, with respect to RSUs, dividend equivalents) will not be paid while unvested, but will accrue and paid or be forfeited in tandem with the vesting of the related shares or RSUs.",
"(4) For purposes of these grants, we determined both the number of time-vested and performance-based restricted shares or RSUs by dividing the total grant value granted to the executive by the volume-weighted average closing price of a share of our common stock over the 15-trading-day period ending five trading days prior to the grant date (“VWAP”), rounding to the nearest whole share. However, as noted previously, for purposes of reporting these awards in the Summary Compensation Table, our shares of time-vested restricted stock or RSUs are valued based on the closing price of our common stock on the date of grant and our shares of performance-based restricted stock or RSUs are valued as of the grant date based on probable outcomes, as required by applicable accounting and SEC disclosure rules. See footnote 2 to the Summary Compensation Table for more information.",
"(5) Mr. Storey’s annual grant was in the form of RSUs."
] |
[
"How was the number of time-vested and performance-based restricted shares or RSUs determined?",
"What form was Jeffrey K. Storey's annual grant?",
"Which current executives had their LTI targets increased?",
"How many current executives have a total grant value above $2,000,000?",
"What is its difference between Indraneel Dev and Stacey W. Goff?",
"What is the average total grant value for current executives?"
] |
[
[
"by dividing the total grant value granted to the executive by the volume-weighted average closing price of a share of our common stock over the 15-trading-day period ending five trading days prior to the grant date (“VWAP”), rounding to the nearest whole share"
],
[
"in the form of RSUs"
],
[
"Indraneel Dev",
"Shaun. C. Andrews",
"Scott A. Trezise"
],
[
"2"
],
[
"700000"
],
[
"3770000"
]
] |
[
[
"",
"Post-Retirement Plans",
"",
""
],
[
"",
"Years Ended December 31,",
"",
""
],
[
"",
"2019",
"2018",
"2017"
],
[
"",
"(Dollars in milions)",
"",
""
],
[
"Service cost",
"$15",
"18",
"18"
],
[
"Interest cost",
"110",
"97",
"100"
],
[
"Expected return on plan assets",
"(1)",
"(1)",
"(2)"
],
[
"Recognition of prior service cost",
"16",
"20",
"20"
],
[
"Net periodic post-retirement benefit expense",
"$140",
"134",
"136"
]
] |
[
"Net periodic benefit expense for our post-retirement benefit plans includes the following components:",
"We report service costs for our Combined Pension Plan and post-retirement benefit plans in cost of services and products and selling, general and administrative expenses in our consolidated statements of operations for the years ended December 31, 2019, 2018 and 2017. Additionally, a portion of the service cost is also allocated to certain assets under construction, which are capitalized and reflected as part of property, plant and equipment in our consolidated balance sheets. The remaining components of net periodic benefit expense (income) are reported in other income, net in our consolidated statements of operations. As a result of ongoing efforts to reduce our workforce, we recognized a one-time charge in 2019 of $6 million and in 2018 of $15 million for special termination benefit enhancements paid to certain eligible employees upon voluntary retirement."
] |
[
"What was recognized as a result of ongoing efforts to reduce the company's workforce?",
"Where are the remaining components of net periodic benefit expense (income) reported?",
"Which are the components included in the net periodic benefit expense for the post-retirement benefit plans?",
"How many components are included in the net periodic benefit expense reported for the post-retirement benefit plans?",
"What is the sum of costs in 2017, 2018 and 2019?",
"Service costs.",
"What is their average amount?"
] |
[
[
"a one-time charge in 2019 of $6 million and in 2018 of $15 million for special termination benefit enhancements paid to certain eligible employees upon voluntary retirement"
],
[
"in other income, net in our consolidated statements of operations"
],
[
"service cost",
"interest cost",
"expected return on plan assets",
"recognition of prior service cost",
"net periodic post-retirement benefit expense"
],
[
"5"
],
[
"What kind of costs are you asking about?"
],
[
"51"
],
[
"17"
]
] |
[
[
"At August 31,",
"2019",
"2018"
],
[
"(In thousands of Canadian dollars)",
"$",
"$"
],
[
"Trade accounts receivable",
"74,021",
"95,541"
],
[
"Allowance for doubtful accounts",
"(6,759)",
"(6,497)"
],
[
"",
"67,262",
"89,044"
],
[
"Other accounts receivable",
"8,390",
"8,250"
],
[
"",
"75,652",
"97,294"
]
] |
[
"The Corporation is also exposed to credit risk in relation to its trade accounts receivable. To mitigate such risk, the Corporation continuously monitors the financial condition of its customers and reviews the credit history or worthiness of each new large customer. The Corporation establishes an allowance for lifetime expected credit losses related to doubtful accounts. The doubtful accounts allowance is calculated on a specific-identification basis for larger customer accounts receivable and on a statistically derived basis for the remainder.",
"Factors such as the current economic conditions, forward-looking macroeconomic data and historical information (number of overdue days of the customer’s balance outstanding as well as the customer’s collection history) are examined. The Corporation believes that its allowance for doubtful accounts is sufficient to cover the related credit risk.",
"The Corporation has credit policies in place and has established various credit controls, including credit checks, deposits on accounts and advance billing, and has also established procedures to suspend the availability of services when customers have fully utilized approved credit limits or have violated existing payment terms. Since the Corporation has a large and diversified clientele dispersed throughout its market areas in Canada and the United States, there is no significant concentration of credit risk.",
"The following table provides further details on trade and other receivables, net of allowance for doubtful accounts:"
] |
[
"What is the basis for the doubtful accounts receivable calculation?",
"What was the accounts receivable in 2019?",
"The other accounts receivable.",
"What is its average amount from 2018 to 2019?",
"Hwo about that of allowance for doubtful accounts?",
"What is the trade accounts receivable in 2019?",
"What is its increase / (decrease) from 2018 to 2019?"
] |
[
[
"The doubtful accounts allowance is calculated on a specific-identification basis for larger customer accounts receivable and on a statistically derived basis for the remainder."
],
[
"What kind of accounts receivable are you asking about?"
],
[
"8,390"
],
[
"8320"
],
[
"-6628"
],
[
"74,021"
],
[
"-21520"
]
] |
[
[
"",
"December 31, 2019",
"December 31, 2018",
"December 31, 2017"
],
[
"Balance at beginning of year",
"38",
"333",
"258"
],
[
"Additions based on tax positions related to the current year",
"7",
"43",
"43"
],
[
"Additions based on acquisitions related to the current year",
"5",
"—",
"—"
],
[
"Additions for tax positions of prior years",
"1",
"8",
"12"
],
[
"Reduction for tax positions of prior years",
"(1)",
"(310)",
"(9)"
],
[
"Settlements",
"(2)",
"(18)",
"(2)"
],
[
"Prepayment / Refund",
"—",
"—",
"—"
],
[
"Reductions due to lapse of statute of limitations",
"—",
"—",
"—"
],
[
"Foreign currency translation",
"—",
"(18)",
"31"
],
[
"Balance at end of year",
"48",
"38",
"333"
]
] |
[
"At December 31, 2019 and 2018, $21 million and $20 million, respectively, of unrecognized tax benefits were classified as a reduction of deferred tax assets. The finalisation in the fourth quarter of 2018 of pending tax litigations triggered the reversal of uncertain tax positions in major tax jurisdictions for a total amount of $310 million.",
"It is reasonably possible that certain of the uncertain tax positions disclosed in the table above could increase within the next 12 months due to ongoing tax audits. The Company is not able to make an estimate of the range of the reasonably possible change.",
"Additionally, the Company elected to classify accrued interest and penalties related to uncertain tax positions as components of income tax expense in the consolidated statements of income, they were less than $1 million in 2019, $1 million in 2018, less than $1 million in 2017, $1 million in 2016, $1 million in 2015, $27 million in 2014 and not material in the previous years. Accrued interest and penalties amounted to $6 million at December 31, 2019 and $5 million at December 31, 2018.",
"The tax years that remain open for review in the Company’s major tax jurisdictions, including France, Italy, United States and India, are from 1997 to 2019."
] |
[
"How much was the Accrued interest and penalties as of December 31?",
"2019",
"How about 2018?",
"How much unrecognized tax benefits were classified as a reduction of deferred tax assets as of December 31 in these two years?",
"What is the increase/ (decrease) in Balance from December 31, 2018 to 2019?",
"Balance at beginning of year.",
"How about that at end of year?",
"What is the increase/ (decrease) in Settlements in that period?"
] |
[
[
"Which year are you asking about?"
],
[
"$6 million"
],
[
"$5 million"
],
[
"$21 million",
"$20 million"
],
[
"What kind of balance are you asking about?"
],
[
"-295"
],
[
"10"
],
[
"-16"
]
] |
[
[
"",
"Company-",
"",
""
],
[
"",
"Operated",
"Franchise",
"Total"
],
[
"Company-owned restaurant buildings:",
"",
"",
""
],
[
"On company-owned land",
"9",
"200",
"209"
],
[
"On leased land",
"54",
"581",
"635"
],
[
"Subtotal",
"63",
"781",
"844"
],
[
"Company-leased restaurant buildings on leased land",
"74",
"1,054",
"1,128"
],
[
"Franchise directly-owned or directly-leased restaurant buildings",
"—",
"271",
"271"
],
[
"Total restaurant buildings",
"137",
"2,106",
"2,243"
]
] |
[
"Legislation and regulations regarding our products and ingredients, including the nutritional content of our products, could impact customer preferences and negatively impact our financial results.",
"Changes in government regulation and consumer eating habits may impact the ingredients and nutritional content of our menu offerings, or require us to disclose the nutritional content of our menu offerings. For example, a number of states, counties, and cities have enacted menu labeling laws requiring multi-unit restaurant operators to disclose certain nutritional information to customers, or have enacted legislation restricting the use of certain types of ingredients in restaurants. Furthermore, the Affordable Care Act requires chain restaurants to publish calorie information on their menus and menu boards. These and other requirements may increase our expenses, slow customers’ ordering process, or negatively influence the demand for our offerings; all of which can impact sales and profitability.",
"Compliance with current and future laws and regulations in a number of areas, including with respect to ingredients, nutritional content of our products, and packaging and serviceware may be costly and time-consuming. Additionally, if consumer health regulations change significantly, we may be required to modify our menu offerings or packaging, and as a result, may experience higher costs or reduced demand associated with such changes. Some government authorities are increasing regulations regarding trans-fats and sodium. While we have removed all artificial or “added during manufacturing” trans fats from our ingredients, some ingredients have naturally occurring trans-fats. Future requirements limiting trans-fats or sodium content may require us to change our menu offerings or switch to higher cost ingredients. These actions may hinder our ability to operate in some markets or to offer our full menu in these markets, which could have a material adverse effect on our business. If we fail to comply with such laws and regulations, our business could also experience a material adverse effect.",
"Failure to obtain and maintain required licenses and permits or to comply with food control regulations could lead to the loss of our food service licenses and, thereby, harm our business.",
"We are required, as a restaurant business, under state and local government regulations to obtain and maintain licenses, permits, and approvals to operate our businesses. Such regulations are subject to change from time to time. Any failure by us or our franchisees to obtain and maintain these licenses, permits, and approvals could adversely affect our financial results.",
"The following table sets forth information regarding our operating restaurant properties as of September 29, 2019:"
] |
[
"What are the consequences if legislations and regulations target our products, ingredients and the nutritional content of our products?",
"How about the company fails to obtain and maintain required licenses and permits or fails to comply with food regulations?",
"What is the grand total of both company-operated and franchise restaurants together?",
"What is the difference between the number of them?",
"What is the percentage constitution of restaurants among the total restaurants?",
"Company-operated restaurants.",
"What is the percentage constitution of franchise restaurant in the total number of franchise buildings? ",
"Franchise restaurant on leased land."
] |
[
[
"Impact customer preferences and negatively impact our financial results"
],
[
"Loss of our food service licenses and, thereby, harm our business."
],
[
"2,243"
],
[
"1969"
],
[
"What kind of restaurants are you asking about?"
],
[
"6.11"
],
[
"What kind of franchise restaurant are you asking about?"
],
[
"27.59"
]
] |
[
[
"",
"Preliminary",
"Measurement",
""
],
[
"",
"Allocation",
"Period",
"Final Allocation"
],
[
"(In millions)",
"As of August 1, 2018",
"Adjustments",
"As of September 30, 2019"
],
[
"Total consideration transferred",
"$ 70.8",
"$ 3.3",
"$ 74.1"
],
[
"Assets:",
"",
"",
""
],
[
"Cash and cash equivalents",
"2.9",
"0.4",
"3.3"
],
[
"Trade receivables, net",
"30.8",
"—",
"30.8"
],
[
"Inventories, net",
"7.1",
"—",
"7.1"
],
[
"Prepaid expenses and other current assets",
"0.7",
"—",
"0.7"
],
[
"Property and equipment, net",
"3.5",
"(0.4)",
"3.1"
],
[
"Identifiable intangible assets, net",
"18.6",
"0.7",
"19.3"
],
[
"Goodwill",
"21.6",
"1.0",
"22.6"
],
[
"Other non-current assets",
"0.7",
"(0.4)",
"0.3"
],
[
"Total assets",
"$ 85.9",
"$ 1.3",
"$ 87.2"
],
[
"Liabilities:",
"",
"",
""
],
[
"Current portion of long-term debt",
"—",
"0.1",
"0.1"
],
[
"Accounts payable",
"13.8",
"(2.2)",
"11.6"
],
[
"Other current liabilities",
"1.3",
"(0.1)",
"1.2"
],
[
"Long-term debt, less current portion",
"—",
"0.2",
"0.2"
],
[
"Total liabilities",
"$ 15.1",
"$ (2.0)",
"$ 13.1"
]
] |
[
"Acquisition of AFP",
"On August 1, 2018, the Company acquired AFP, Inc., a privately held fabricator of foam, corrugated, molded pulp and wood packaging solutions, to join its Product Care division. This acquisition expands our protective packaging offerings in the electronic, transportation and industrial markets with custom engineered applications. We acquired 100% of AFP shares for an estimated consideration of $74.1 million, excluding $3.3 million of cash acquired.",
"The following table summarizes the consideration transferred to acquire AFP and the final allocation of the purchase price among the assets acquired and liabilities assumed."
] |
[
"What company was acquired in 2018?",
"What does this table show?",
"What is the adjustment in assets between August 1, 2018 and September 30, 2019?",
"What is the liability to asset ratio?",
"As of August 1, 2018.",
"What is the difference of this ratio from As of August 1, 2018 to As of September 30, 2019?",
"What is the adjustment of total liabilities expressed as a percentage of total liabilities as of August 1, 2018?"
] |
[
[
"AFP, Inc."
],
[
"The following table summarizes the consideration transferred to acquire AFP and the final allocation of the purchase price among the assets acquired and liabilities assumed."
],
[
"$ 3.3"
],
[
"As of which date are you asking about?"
],
[
"17.58"
],
[
"2.56"
],
[
"-13.25"
]
] |
[
[
"Category",
"Destination",
"FY19",
"",
"FY18",
""
],
[
"",
"",
"Tonnes",
"% of production",
"Tonnes",
"% of production"
],
[
"",
"Redistribution for human consumption",
"950",
"0.3%",
"791",
"0.2%"
],
[
"Waste avoided",
"Animal feed",
"4,454",
"1.2%",
"4,895",
"1.3%"
],
[
"",
"Total",
"5,404",
"1.5%",
"5,686",
"1.5%"
],
[
"",
"Co/Anaerobic digestion",
"24,978",
"6.6%",
"32,202",
"8.3%"
],
[
"Food waste",
"Controlled combustion",
"1,650",
"0.4%",
"1,964",
"0.5%"
],
[
"",
"Sewer",
"8,280",
"2.2%",
"6,746",
"1.7%"
],
[
"",
"Total",
"34,908",
"9.2%",
"40,912",
"10.5%"
]
] |
[
"Minimising our environmental impact",
"During FY19 we have undertaken energy audits across all our UK manufacturing sites as part of our Energy Savings Opportunity Scheme (‘ESOS’) compliance programme, which is a mandatory energy assessment scheme for UK organisations. Our progress on energy efficiency improvements remains good, and we have delivered a further 4.9% improvement in our primary energy per tonne of product against last year, and 26.5% over the last six years."
] |
[
"What is the total food waste?",
"FY18",
"How about that for FY19?",
"What was the animal feed waste avoided in that year?",
"What was its change from FY18 to FY19?",
"What is the average redistribution for human consumption for these two years?",
"How about that of controlled combustion food waste?"
] |
[
[
"Which year are you asking about?"
],
[
"40,912"
],
[
"34,908"
],
[
"4,454"
],
[
"-441"
],
[
"870.5"
],
[
"1807"
]
] |
[
[
"All figures in USD ‘000 ",
"Fair Value\nHierarchy\nLevel",
"2019\nFair\nValue",
"2019\nCarrying\nValue",
"2018\nFair\nValue",
"2018\nCarrying\nValue"
],
[
"Recurring: ",
"",
"",
"",
"",
""
],
[
"Cash and Cash Equivalents ",
"1",
"48,847",
"48,847",
"49,327",
"49,327"
],
[
"Restricted Cash ",
"1",
"12,791",
"12,791",
"-",
"-"
],
[
"Credit Facility ",
"2",
"-",
"-",
"(313,400)",
"(313,400)"
],
[
"2019 Senior Secured Credit Facility* ",
"2",
"(291,798)",
"(291,798)",
"-",
"-"
],
[
"Investment Securities ",
"1",
"825",
"825",
"4,197",
"4,197"
],
[
"Vessel financing 2018 Newbuildings* ",
"2",
"(119,867)",
"(119,867)",
"(127,140)",
"(127,140)"
]
] |
[
"16. FINANCIAL INSTRUMENTS AND OTHER FAIR VALUE DISCLOSURES",
"The majority of NAT and its subsidiaries’ transactions, assets and liabilities are denominated in United States dollars, the functional currency of the Company. There is no significant risk that currency fluctuations will have a negative effect on the value of the Company’s cash flows.",
"The Company categorizes its fair value estimates using a fair value hierarchy based on the inputs used to measure fair value for those assets that are recorded on the Balance Sheet at fair value. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value as follows:",
"Level 1. Quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity can access at the measurement date.",
"Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and",
"Level 3. Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.",
"The following methods and assumptions were used to estimate the fair value of each class of financial instruments and other financial assets.",
"- The carrying value of cash and cash equivalents and marketable securities, is a reasonable estimate of fair value.",
"- The estimated fair value for the long-term debt is considered to be equal to the carrying values since it bears spreads and variable interest rates which approximate market rates.",
"The carrying value and estimated fair value of the Company`s financial instruments at December 31, 2019 and 2018, are as follows:",
"* The 2019 Senior Secured Credit Facility and Vessel financing 2018 Newbuildings carry a floating LIBOR interest rate, plus a margin and the fair value is assumed to equal the carrying value."
] |
[
"What are the respective 2018 and 2019 value of the company's cash and cash equivalents?",
"Fair value.",
"How about that of the company's investment securities?",
"And that of the company's vessel financing 2018 newbuildings?",
"What is the average value of the 2018 and 2019 fair value of the company's cash and cash equivalents?",
"How about that of the company's investment securities?",
"And that of the company's vessel financing 2018 newbuildings?"
] |
[
[
"What kind of value are you asking about?"
],
[
"49,327",
"48,847"
],
[
"4,197",
"825"
],
[
"(127,140)",
"(119,867)"
],
[
"49087"
],
[
"2511"
],
[
"123503.5"
]
] |
[
[
"",
"",
"Year-ended 31 March 2019",
"Year-ended 31 March 2018",
"Year-ended 31 March 2017"
],
[
"",
"",
"tCO2e",
"tCO2e",
"tCO2e"
],
[
"Scope 1",
"Combustion of natural gas and operation of owned vehicles",
"220.9",
"320.0",
"251.8"
],
[
"Scope 2",
"Electricity consumption in offices",
"4,487.2",
"4,457.3",
"4,681.9"
],
[
"Scope 3",
"Business travel (air and car)",
"3,260.9",
"5,117.4",
"4,510.9"
],
[
"Total",
"",
"7,969.0",
"9,894.7",
"9,444.6"
],
[
"Intensity ratio",
"",
"",
"",
""
],
[
"tCO2e per $M of billings",
"",
"10.5",
"12.9",
"14.9"
]
] |
[
"Greenhouse gas emissions",
"In line with the Companies Act 2006, Sophos is required to measure and report on its Greenhouse Gas (“GHG”) emissions disclosures. These have been calculated for the year-ending 31 March 2019, in line with the Group’s financial year. The calculation of the disclosures has been performed in accordance with Greenhouse Gas Protocol Corporate Standard and using the UK government’s conversion factor guidance for the year reported.",
"The Group’s operations that primarily release GHG includes usage of electricity and gas of owned and leased offices, business travel and usage of vehicles. The Group keeps its data capture process under review, seeking to extend the availability of direct information wherever possible. Where direct information for certain sites is not available, estimates have been developed that enable reporting for them. These estimates are revised if new or improved data is obtained.",
"The Group will continue to build its GHG reporting capabilities. The Group’s chosen intensity ratio is ‘tonnes of CO2 equivalent per million US dollars of billings’ as it aligns with Sophos’ strategic growth ambitions.",
"Creating an environmentally friendly HQ",
"The Group commissioned a greening study of its global headquarters in Abingdon, Oxfordshire. The purpose of the study was to benchmark the current environmental, health and wellbeing performance of the building against current best practice and against direct and indirect competitors.",
"The findings of the study showed that the building performance was consistent with intermediate good practice and the building management was consistent with standard good practice. The study highlighted areas of future improvement. The findings and recommendations of this report will be a key driver for developing best practice in environmental sustainability to match the growth aspirations and objectives of the Company.",
"The Group is endeavouring to achieve the standards in environmental performance, health and wellbeing that is expected of a global technology organisation at the Group’s headquarters."
] |
[
"What does the Companies Act 2006 require Sophos to do?",
"What does the Group's operations that primarily release GHG include?",
"What are the scopes considered in the table when calculating the total greenhouse gas emissions?",
"In which year was the total Greenhouse gas emissions the largest?",
"What was the change in the intensity ratio?",
"From 2018 to 2019.",
"What is it in percentage?"
] |
[
[
"Sophos is required to measure and report on its Greenhouse Gas (“GHG”) emissions disclosures."
],
[
"usage of electricity and gas of owned and leased offices, business travel and usage of vehicles."
],
[
"Combustion of natural gas and operation of owned vehicles",
"Electricity consumption in offices",
"Business travel (air and car)"
],
[
"2018"
],
[
"Which period are you asking about?"
],
[
"-2.4"
],
[
"-18.6"
]
] |
[
[
"",
"July 27, 2019",
"July 28, 2018",
"Increase (Decrease)"
],
[
"Cash and cash equivalents .",
"$11,750",
"$8,934",
"$2,816"
],
[
"Available-for-sale debt investments",
"21,660",
"37,009",
"(15,349)"
],
[
"Marketable equity securities",
"3",
"605",
"(602)"
],
[
"Total",
"$33,413",
"$46,548",
"$(13,135)"
]
] |
[
"Balance Sheet and Cash Flows",
"Cash and Cash Equivalents and Investments The following table summarizes our cash and cash equivalents and investments (in millions):",
"The net decrease in cash and cash equivalents and investments from fiscal 2018 to fiscal 2019 was primarily driven by cash returned to shareholders in the form of repurchases of common stock of $20.7 billion under the stock repurchase program and cash dividends of $6.0 billion, net cash paid for acquisitions and divestitures of $2.2 billion, a net decrease in debt of $1.1 billion, and capital expenditures of $0.9 billion. These uses of cash were partially offset by cash provided by operating activities of $15.8 billion and the timing of settlements of investments and other of $2.0 billion.",
"In addition to cash requirements in the normal course of business, on July 9, 2019 we announced our intent to acquire Acacia Communications, Inc. (“Acacia”) for a purchase consideration of approximately $2.6 billion in cash. Additionally, $0.7 billion of the U.S. transition tax on accumulated earnings for foreign subsidiaries, $6.0 billion of long-term debt and $4.2 billion of commercial paper notes outstanding at July 27, 2019, are payable within the next 12 months from the balance sheet date. See further discussion of liquidity and future payments under “Contractual Obligations” and “Liquidity and Capital Resource Requirements” below.",
"We maintain an investment portfolio of various holdings, types, and maturities. We classify our investments as short-term investments based on their nature and their availability for use in current operations. We believe the overall credit quality of our portfolio is strong, with our cash equivalents and our available-for-sale debt investment portfolio consisting primarily of high quality investment-grade securities. We believe that our strong cash and cash equivalents and investments position allows us to use our cash resources for strategic investments to gain access to new technologies, for acquisitions, for customer financing activities, for working capital needs, and for the repurchase of shares of common stock and payment of dividends as discussed below."
] |
[
"How are the company's investments classified as short-term?",
"Which years does the table provide information for cash and cash equivalents and investments?",
"What was the increase (decrease) in available-for-sale debt investments?",
"What was the difference between the above two investments in 2019?",
"How many years did Marketable equity securities exceed $500 million? ",
"What was the percentage change in the total between 2018 and 2019?"
] |
[
[
"based on their nature and their availability for use in current operations."
],
[
"2019",
"2018"
],
[
"(15,349)"
],
[
"9910"
],
[
"1"
],
[
"-28.22"
]
] |
[
[
"",
"December 31",
""
],
[
"",
"2019",
"2018"
],
[
"",
"(in thousands)",
""
],
[
"Government",
"$1,012",
"$—"
],
[
"Asset Backed",
"4,854",
"1,786"
],
[
"Industrial",
"5,034",
"2,381"
],
[
"Financial",
"6,879",
"7,136"
],
[
"",
"$17,779",
"$11,303"
]
] |
[
"NOTE 3 - SHORT TERM INVESTMENTS",
"The Company's short term investments are classified as below with maturities of twelve months or less, unrealized gains and losses were immaterial for the periods presented:"
] |
[
"What are the respective values of the company's short term investments in 2018 and 2019 respectively?",
"Asset Backed",
"How about the industrial short term investments?",
"What is its percentage change in that period? ",
"What are the respective values of the company's financial short term investments in 2018 and 2019 respectively?",
"What is the percentage change between them?",
"How about that in the company's asset-backed short term investments?"
] |
[
[
"What kind of short term investments are you asking about?"
],
[
"1,786",
"4,854"
],
[
"2,381",
"5,034"
],
[
"111.42"
],
[
"7,136",
"6,879"
],
[
"-3.6"
],
[
"171.78"
]
] |
[
[
"",
"2019",
"2019",
"2018",
"2018"
],
[
"",
"Capital additions",
"Depreciation, amortisation and impairment",
"Capital additions",
"Depreciation and amortisation"
],
[
"",
"£m",
"£m",
"£m",
"£m"
],
[
"Steam Specialties",
"57.7",
"35.8",
"27.9",
"30.1"
],
[
"Electric Thermal Solutions",
"81.6",
"18.4",
"6.0",
"13.6"
],
[
"Watson-Marlow",
"40.6",
"22.4",
"18.6",
"14.4"
],
[
"Group total",
"179.9",
"76.6",
"52.5",
"58.1"
]
] |
[
"3 Segmental reporting continued",
"Capital additions, depreciation, amortisation and impairment",
"Capital additions include property, plant and equipment of £59.0m (2018: £33.5m), of which £8.1m (2018: £0.2m) was from acquisitions in the period, and other intangible assets of £72.0m (2018: £19.0m) of which £60.2m (2018: £9.1m) relates to acquired intangibles from acquisitions in the period. Right-of-use asset additions of £48.9m occurred during the 12 month period to 31st December 2019, of which £36.1m relates to additions on 1st January 2019 as a result of transition to IFRS 16, £11.7m relates to new leases entered into in 2019 and £1.1m from acquisitions. Capital additions split between the UK and rest of the world are UK £36.8m (2018: £20.1m) and rest of the world £143.1m (2018: £32.4m)."
] |
[
"How were the capital additions in 2019 split?",
"What does capital additions include?",
"What are the businesses considered in the table?",
"In which year was the amount of capital additions larger?",
"Steam Specialties",
"What was its percentage change in 2019 from 2018?",
"What was the amount of capital additions for the UK as a percentage of the group total in 2019?"
] |
[
[
"Capital additions split between the UK and rest of the world are UK £36.8m (2018: £20.1m) and rest of the world £143.1m"
],
[
"property, plant and equipment of £59.0m (2018: £33.5m), of which £8.1m (2018: £0.2m) was from acquisitions in the period, and other intangible assets of £72.0m (2018: £19.0m) of which £60.2m (2018: £9.1m) relates to acquired intangibles from acquisitions in the period"
],
[
"Steam Specialties",
"Electric Thermal Solutions",
"Watson-Marlow"
],
[
"Which business are you asking about?"
],
[
"2019"
],
[
"106.81"
],
[
"20.46"
]
] |
[
[
"",
"",
"",
"",
"",
"` crore"
],
[
"",
"FY 2019",
"% of Revenue",
"% Growth",
"FY 2018",
"% of Revenue"
],
[
"Revenue",
"146,463",
"100.0",
"19.0",
"123,104",
"100.0"
],
[
"Earnings before interest, tax, depreciation and amortization (before other income)",
"39,506",
"27.0",
"21.5",
"32,516",
"26.4"
],
[
"Profit Before Tax (PBT)",
"41,563",
"28.4",
"21.9",
"34,092",
"27.7"
],
[
"Profit after tax attributable to shareholders of the Company",
"31,472",
"21.5",
"21.9",
"25,826",
"21.0"
],
[
"Earnings per share (in `)",
"83.05",
"-",
"23.8",
"67.10*",
"-"
]
] |
[
"5.0 FY 2019 Financial Performance and Analysis",
"The discussions in this section relate to the consolidated, Rupee-denominated financial results pertaining to the year that ended March 31, 2019. The financial statements of Tata Consultancy Services Limited and its subsidiaries (collectively referred to as ‘TCS’ or ‘the Company’) are prepared in accordance with the Indian Accounting Standards (referred to as ‘Ind AS’) prescribed under section 133 of the Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules, as amended from time to time. Significant accounting policies used in the preparation of the financial statements are disclosed in the notes to the consolidated financial statements.",
"The following table gives an overview of the consolidated financial results of the Company:",
"* EPS is adjusted for bonus issue"
] |
[
"Which accounting standards are the company's financial statements based on?",
"What is the percentage growth in revenue from FY 2018 to FY 2019?",
"What is the EPS in FY 2019?",
"By what amount did it increase from FY 2018 to FY 2019?",
"What is the amount of expenses incurred for FY 2019?",
"How about tax expense?"
] |
[
[
"Indian Accounting Standards"
],
[
"19"
],
[
"83.05"
],
[
"15.95"
],
[
"106957"
],
[
"10091"
]
] |
[
[
"",
"",
"Sep 30,",
""
],
[
"(in millions of €)",
"2019",
"2018",
"% Change"
],
[
"Cash and cash equivalents",
"12,391",
"11,066",
"12 %"
],
[
"Trade and other receivables",
"18,894",
"18,455",
"2 %"
],
[
"Other current financial assets",
"10,669",
"9,427",
"13 %"
],
[
"Contract assets",
"10,309",
"8,912",
"16 %"
],
[
"Inventories",
"14,806",
"13,885",
"7 %"
],
[
"Current income tax assets",
"1,103",
"1,010",
"9 %"
],
[
"Other current assets",
"1,960",
"1,707",
"15 %"
],
[
"Assets classified as held for disposal",
"238",
"94",
"154 %"
],
[
"Total current assets",
"70,370",
"64,556",
"9 %"
],
[
"Goodwill",
"30,160",
"28,344",
"6 %"
],
[
"Other intangible assets",
"9,800",
"10,131",
"(3) %"
],
[
"Property, plant and equipment",
"12,183",
"11,381",
"7 %"
],
[
"Investments accounted for using the equity method",
"2,244",
"2,579",
"(13) %"
],
[
"Other financial assets",
"19,843",
"17,774",
"12 %"
],
[
"Deferred tax assets",
"3,174",
"2,341",
"36 %"
],
[
"Other assets",
"2,475",
"1,810",
"37 %"
],
[
"Total non-current assets",
"79,878",
"74,359",
"7 %"
],
[
"Total assets",
"150,248",
"138,915",
"8 %"
]
] |
[
"A.5 Net assets position",
"Our total assets at the end of fiscal 2019 were influenced by positive currency translation effects of € 4.0 billion (mainly goodwill), primarily involving the U. S. dollar.",
"The increase in other current financial assets was driven by higher loans receivable at SFS, which were mainly due to new business and reclassification of non-current loans receivable from other financial assets. While higher loans receivable and receivables from finance leases from new business at SFS contributed also to growth in other financial assets, a large extent of the overall increase resulted from increased fair values of derivative financial instruments.",
"Inventories increased in several industrial businesses, with the build-up most evident at SGRE, Mobility and Siemens Healthineers.",
"Assets classified as held for disposal increased mainly due to reclassification of two investments from investments accounted for using the equity method.",
"The increase in goodwill included the acquisition of Mendix.",
"Deferred tax assets increased mainly due to income tax effects related to remeasurement of defined benefits plans.",
"The increase in other assets was driven mainly by higher net defined benefit assets from actuarial gains."
] |
[
"What caused the increase in the other financial assets?",
"How about the deferred tax assets?",
"And the inventories?",
"What was its average in 2019 and 2018?",
"What is the increase / (decrease) in assets from 2018 to 2019?",
"Other current assets.",
"How about that in total assets?"
] |
[
[
"The increase in other current financial assets was driven by higher loans receivable at SFS, which were mainly due to new business and reclassification of non-current loans receivable from other financial assets."
],
[
"Deferred tax assets increased mainly due to income tax effects related to remeasurement of defined benefits plans."
],
[
"Inventories increased in several industrial businesses, with the build-up most evident at SGRE, Mobility and Siemens Healthineers."
],
[
"14345.5"
],
[
"What kind of assets are you asking about?"
],
[
"253"
],
[
"11333"
]
] |
[
[
"",
"For the year ended",
"",
""
],
[
"",
"September 30, 2019",
"September 30, 2018",
"Increase (Decrease)"
],
[
"",
"(Amounts in thousands)",
"",
""
],
[
"Interest expense",
"$(99)",
"$(85)",
"$(14)"
],
[
"Interest income",
"323",
"20",
"303"
],
[
"Foreign exchange gain (loss)",
"157",
"263",
"(106)"
],
[
"Other income, net",
"3",
"297",
"(294)"
],
[
"Total other income (expense), net",
"$384",
"$495",
"$(111)"
]
] |
[
"Other Income/Expense",
"The following table details our other income/expenses for the years ended September 30, 2019 and 2018:",
"The decrease to other income (expenses) for the fiscal year ended September 30, 2019 as compared to the fiscal year ended September 30, 2018 was primarily driven by a decrease in Other income, net of $0.3 mil."
] |
[
"When does the company's fiscal year end?",
"What caused the decrease in income between 2018 and 2019?",
"What is the company's total net income in 2019?",
"What is its percentage between 2018 and 2019?",
"What is the company's net interest expense in 2018?",
"What percentage of the company's 2019 total other income is the foreign exchange gain?"
] |
[
[
"September 30"
],
[
"A decrease in Other income"
],
[
"$384"
],
[
"-22.42"
],
[
"-65"
],
[
"40.89"
]
] |
[
[
"",
"Fiscal Year",
""
],
[
"",
"2019",
"2018"
],
[
"Net revenues",
"100%",
"100%"
],
[
"Cost of revenues",
"22",
"21"
],
[
"Gross profit",
"78",
"79"
],
[
"Operating expenses:",
"",
""
],
[
"Sales and marketing",
"32",
"33"
],
[
"Research and development",
"19",
"20"
],
[
"General and administrative",
"9",
"12"
],
[
"Amortization of intangible assets",
"4",
"5"
],
[
"Restructuring, transition and other costs",
"5",
"8"
],
[
"Total operating expenses",
"70",
"78"
],
[
"Operating income",
"8",
"1"
],
[
"Interest expense",
"(4)",
"(5)"
],
[
"Gain on divestiture",
"—",
"14"
],
[
"Other expense, net",
"(1)",
"—"
],
[
"Income from continuing operations before income taxes",
"2",
"9"
],
[
"Income tax expense (benefit)",
"2",
"(14)"
],
[
"Income from continuing operations",
"—",
"23"
],
[
"Income from discontinued operations, net of income taxes",
"—",
"—"
],
[
"Net income",
"1%",
"24%"
]
] |
[
"Fiscal 2019 compared to fiscal 2018",
"The following table sets forth our Consolidated Statements of Operations data as a percentage of net revenues for the periods indicated:",
"Note: The percentages may not add due to rounding."
] |
[
"What does the table show?",
"What are the fiscal year periods indicated in the table?",
"What is the cost of revenue percentage for fiscal year 2019?",
"What is its change relative to Net revenue from fiscal year 2018 to fiscal year 2019?",
"What is the change in expenses from fiscal year 2018 to fiscal year 2019?",
"Total operating expenses.",
"What is the costs expressed as a percentage of Total operating expenses in 2019?",
"The Sales and marketing costs."
] |
[
[
"Consolidated Statements of Operations data as a percentage of net revenues for the periods indicated"
],
[
"Fiscal 2019",
"Fiscal 2018"
],
[
"22"
],
[
"1"
],
[
"What kind of expenses are you asking about?"
],
[
"-8"
],
[
"What kind of costs are you asking about?"
],
[
"45.71"
]
] |
[
[
"",
"Year ended December 31,",
""
],
[
"",
"2018",
"2019"
],
[
"(EUR thousand)",
"Revenue",
"Revenue"
],
[
"United States",
"175,855",
"339,463"
],
[
"Europe",
"165,602",
"126,203"
],
[
"Asia",
"476,624",
"818,194"
],
[
"Total",
"818,081",
"1,283,860"
]
] |
[
"NOTE 21. REVENUE",
"Geographical information is summarized as follows:",
"For geographical reporting, the revenue is attributed to the geographical location in which the customer’s facilities are located."
] |
[
"How is revenue attributed in geographical reporting?",
"What years does the table provide Geographical information for?",
"What are the regions presented in the table?",
"What was the percentage change in revenue from 2018 to 2019?",
"Total",
"Which region had the largest percentage change in revenue in that period?",
"What are the regions ranked in descending order in terms of revenue for 2019?"
] |
[
[
"attributed to the geographical location in which the customer’s facilities are located"
],
[
"2018",
"2019"
],
[
"United States",
"Europe",
"Asia"
],
[
"Which region are you asking about?"
],
[
"56.94"
],
[
"United States"
],
[
"Asia",
"United States",
"Europe"
]
] |
[
[
"",
"",
"Year Ended December 31, ",
""
],
[
"",
"2019",
"2018",
"2017"
],
[
"Current: ",
"",
"",
""
],
[
"Federal ",
"$ 18,682",
"$ 22,606",
"$ 53,998"
],
[
"State ",
"5,711",
"6,182",
"6,595"
],
[
"Foreign ",
"7,323",
"7,018",
"6,185"
],
[
"",
"31,716",
"35,806",
"66,778"
],
[
"Deferred: ",
"",
"",
""
],
[
"Federal ",
"(863 ) ",
"(3,127 ) ",
"1,590"
],
[
"State ",
"(326 ) ",
"(674 ) ",
"35"
],
[
"Foreign ",
"(212 ) ",
"(464 ) ",
"(51 ) "
],
[
"",
"(1,401 ) ",
"(4,265 ) ",
"1,574"
],
[
"Total ",
"$ 30,315",
"$ 31,541",
"$ 68,352"
]
] |
[
"The components of our income tax provision for the years ended December 31, 2019, 2018 and 2017 are as follows (in thousands):",
"As a result of a loss in a foreign location, we have a net operating loss carry-forward (“NOL”) of approximately $0.3 million\navailable to offset future income. All $0.3 million of the NOL expires in 2025. We have established a valuation allowance for this\nNOL because the ability to utilize it is not more likely than not.",
"We have tax credit carry-forwards of approximately $5.1 million available to offset future state tax. These tax credit carry-forwards\nexpire in 2020 to 2029. These credits represent a deferred tax asset of $4.0 million after consideration of the federal benefit of state tax\ndeductions. A valuation allowance of $1.8 million has been established for these credits because the ability to use them is not more\nlikely than not.",
"At December 31, 2019 we had approximately $58.2 million of undistributed earnings and profits. The undistributed earnings and\nprofits are considered previously taxed income and would not be subject to U.S. income taxes upon repatriation of those earnings, in\nthe form of dividends. The undistributed earnings and profits are considered to be permanently reinvested, accordingly no provision\nfor local withholdings taxes have been provided, however, upon repatriation of those earnings, in the form of dividends, we could be\nsubject to additional local withholding taxes."
] |
[
"What is the amount of undistributed earnings and profits in 2019?",
"What is the current tax in 2019?",
"Foreign",
"How about the current federal tax?",
"What is its change between 2018 and 2019?",
"What is the change in tax payable between 2017 and 2018?",
"Which year had the highest current federal tax?"
] |
[
[
"$58.2 million"
],
[
"What kind of tax are you asking about?"
],
[
"7,323"
],
[
"18,682"
],
[
"-3924"
],
[
"36811"
],
[
"2017"
]
] |
[
[
"For the quarters and years ended December 31",
"Quarters ended",
"",
"Yeas ended",
""
],
[
"($ millions)",
"2019",
"2018",
"2019",
"2018"
],
[
"Weston Foods adjusted EBITDA(1)",
"56",
"59",
"223",
"233"
],
[
"Weston Foods capital expenditures",
"(70)",
"(91)",
"(194)",
"(212)"
],
[
"Distributions from Choice Properties",
"82",
"43",
"325",
"43"
],
[
"Dividends from Loblaw",
"–",
"–",
"233",
"212"
],
[
"Weston Foods income taxes paid",
"–",
"(2)",
"(7)",
"(32)"
],
[
"Other",
"64",
"21",
"(41)",
"(23)"
],
[
"GWL Corporate cash flow from operating businesses (1)",
"132",
"30",
"539",
"221"
],
[
"GWL Corporate and financing costs (i)",
"(24)",
"(33)",
"(109)",
"(108)"
],
[
"Income taxes paid",
"(4)",
"(2)",
"(19)",
"(14)"
],
[
"GWL Corporate free cash flow (1)",
"104",
"(5)",
"411",
"99"
]
] |
[
"GWL Corporate Free Cash Flow(1)",
"Following the reorganization of Choice Properties to GWL, management evaluates the cash generating capabilities of GWL Corporate(2) based on the various cash flow streams it receives from its operating subsidiaries. As a result, the GWL Corporate free cash flow(1) is based on the dividends received from Loblaw, distributions received from Choice Properties and net cash flow contributions received from Weston Foods less corporate expenses, interest and income taxes paid. Lease payments are excluded from the calculation of GWL Corporate free cash flow(1) to normalize for the impact of the implementation of IFRS 16.",
"(i) Included in Other and Intersegment, GWL Corporate includes all other company level activities that are not allocated to the reportable operating segments, such as net interest expense, corporate activities and administrative costs. Also included are preferred share dividends paid."
] |
[
"What is the basis for evaluation of cash generating capabilities of GWL?",
"How about the GWL Corporate free cash flow?",
"What additional items are included in Other and Intersegment of GWL Corporate?",
"What is the increase / (decrease) in the Weston Foods adjusted EBITDA from 2018 to 2019?",
"For quarters ended.",
"What is the average Distributions from Choice Properties for quarters ended in that period?",
"What is the percentage increase in the GWL Corporate cash flow from operating businesses for quarters ended 2018 to 2019?"
] |
[
[
"based on the various cash flow streams it receives from its operating subsidiaries."
],
[
"based on the dividends received from Loblaw, distributions received from Choice Properties and net cash flow contributions received from Weston Foods less corporate expenses, interest and income taxes paid"
],
[
"includes all other company level activities that are not allocated to the reportable operating segments, such as net interest expense, corporate activities and administrative costs. Also included are preferred share dividends paid."
],
[
"What kind of the Weston Foods adjusted EBITDA are you asking about?"
],
[
"-3"
],
[
"62.5"
],
[
"340"
]
] |
[
[
"",
"",
"Group"
],
[
"",
"2019",
"2018"
],
[
"",
"S$ Mil",
"S$ Mil"
],
[
"Key management personnel compensation (1)",
"",
""
],
[
"Executive director (2)",
"3.5",
"6.1"
],
[
"Other key management personnel (3)",
"15.9",
"22.4"
],
[
"",
"19.4",
"28.5"
],
[
"Directors' remuneration (4)",
"2.7",
"2.5"
],
[
"",
"22.1",
"31.0"
]
] |
[
"5.2 Key Management Personnel Compensation",
"Notes: (1) Comprise base salary, bonus, contributions to defined contribution plans and other benefits, but exclude performance share and share option expenses disclosed below.",
"(2) The Group Chief Executive Officer, an executive director of Singtel, was awarded up to 1,030,168 (2018: 1,712,538) ordinary shares of Singtel pursuant to Singtel performance share plans, subject to certain performance criteria including other terms and conditions being met. The performance share award in the previous financial year included a one-off Special Share Award (“SSA”). The performance share expense computed in accordance with SFRS(I) 2, Share-based Payment, was S$1.5 million (2018: S$3.3 million).",
"(3) The other key management personnel of the Group comprise the Chief Executive Officers of Consumer Singapore, Consumer Australia, Group Enterprise, Group Digital Life and International Group, as well as the Group Chief Corporate Officer, Group Chief Financial Officer, Group Chief Human Resources Officer, Group Chief Information Officer and Group Chief Technology Officer. The other key management personnel were awarded up to 3,537,119 (2018: 4,391,498) ordinary shares of Singtel pursuant to Singtel performance share plans, subject to certain performance criteria including other terms and conditions being met. The performance share award in the previous financial year included a one-off SSA. The performance share expense computed in accordance with SFRS(I) 2 was S$6.1 million (2018: S$8.5 million).",
"(4) Directors’ remuneration comprises the following: (i) Directors’ fees of S$2.7 million (2018: S$2.5 million), including fees paid to certain directors in their capacities as members of the Optus Advisory Committee and the Technology Advisory Panel, and as director of Singtel Innov8 Pte. Ltd. (ii) Car-related benefits of the Chairman of S$24,557 (2018: S$20,446). In addition to the Directors’ remuneration, Venkataraman Vishnampet Ganesan, a non-executive director of Singtel, was awarded 831,087 (2018: Nil) of share options pursuant to the Amobee Long-Term Incentive Plan during the financial year, subject to certain terms and conditions being met. The share option expense computed in accordance with SFRS(I) 2 was S$104,278 (2018: S$21,607)."
] |
[
"What does directors' remuneration comprise of?",
"Under other key management personnel of the group, how many executive directors are included?",
"How many ordinary shares of Singtel was the Group Chief Executive Officer awarded in 2019?",
"What does key management personnel compensation comprise?",
"How many subcategories are there that make it up?",
"What is its % change from 2018 to 2019, excluding directors' remuneration?"
] |
[
[
"Directors’ fees",
"Car-related benefits of the Chairman"
],
[
"10"
],
[
"up to 1,030,168"
],
[
"Comprise base salary, bonus, contributions to defined contribution plans and other benefits, but exclude performance share and share option expenses disclosed below."
],
[
"3"
],
[
"-31.93"
]
] |
[
[
"",
"July 27, 2019",
"July 28, 2018"
],
[
"ASSETS",
"",
""
],
[
"Allowance for doubtful accounts and returns .",
"$ 127",
"$ 285"
],
[
"Sales-type and direct-financing leases",
"176",
"171"
],
[
"Inventory write-downs and capitalization",
"409",
"289"
],
[
"Investment provisions .",
"—",
"54"
],
[
"IPR&D, goodwill, and purchased intangible assets",
"1,427",
"63"
],
[
"Deferred revenue .",
"1,150",
"1,584"
],
[
"Credits and net operating loss carryforwards .",
"1,241",
"1,087"
],
[
"Share-based compensation expense",
"164",
"190"
],
[
"Accrued compensation",
"342",
"370"
],
[
"Other",
"419",
"408"
],
[
"Gross deferred tax assets",
"5,455",
"4,501"
],
[
"Valuation allowance",
"(457)",
"(374)"
],
[
"Total deferred tax assets .",
"4,998",
"4,127"
],
[
"LIABILITIES",
"",
""
],
[
"Purchased intangible assets .",
"(705)",
"(753)"
],
[
"Depreciation .",
"(141)",
"(118)"
],
[
"Unrealized gains on investments .",
"(70)",
"(33)"
],
[
"Other",
"(112)",
"(145)"
],
[
"Total deferred tax liabilities",
"(1,028)",
"(1,049)"
],
[
"Total net deferred tax assets",
"$3,970",
"$3,078"
]
] |
[
"The following table presents the components of the deferred tax assets and liabilities (in millions):",
"As of July 27, 2019, our federal, state, and foreign net operating loss carryforwards for income tax purposes were $676 million, $1 billion, and $756 million, respectively. A significant amount of the net operating loss carryforwards relates to acquisitions and, as a result, is limited in the amount that can be recognized in any one year. If not utilized, the federal, state and foreign net operating loss carryforwards will begin to expire in fiscal 2020. We have provided a valuation allowance of $111 million for deferred tax assets related to foreign net operating losses that are not expected to be realized.",
"As of July 27, 2019, our federal, state, and foreign tax credit carryforwards for income tax purposes were approximately $25 million, $1.1 billion, and $5 million, respectively. The federal tax credit carryforwards will begin to expire in fiscal 2020. The majority of state and foreign tax credits can be carried forward indefinitely. We have provided a valuation allowance of $346 million for deferred tax assets related to state and foreign tax credits that are not expected to be realized."
] |
[
"What was the company's net operating loss carryforwards for income tax purposes in 2019?",
"Federal",
"What was the Sales-type and direct-financing leases in 2019?",
"What was the depreciation in 2018?",
"What was the change in Share-based compensation expense between 2018 and 2019?",
"How about Accrued compensation?",
"What was the percentage change in total deferred tax assets in that period?"
] |
[
[
"What kind of net operating loss carryforwards are you asking about?"
],
[
"$676 million"
],
[
"176"
],
[
"(118)"
],
[
"-26"
],
[
"-28"
],
[
"21.1"
]
] |
[
[
"",
"Years Ended December 31,",
""
],
[
"",
"2019",
"2018"
],
[
"Sales",
"$ —",
"$ —"
],
[
"Cost of sales",
"(901)",
"(88)"
],
[
"Total operating expense",
"1,022",
"96"
],
[
"Operating income (loss) from discontinued operations",
"(121)",
"(8)"
],
[
"Other income (expense)",
"10,895",
"(24)"
],
[
"Income (loss) from discontinued operations before income taxes",
"10,774",
"(32)"
],
[
"Provision (benefit) for income taxes",
"2,294",
"6"
],
[
"Income (loss) from discontinued operations, net of income taxes",
"$ 8,480",
"$ (38)"
]
] |
[
"Discontinued Operations",
"In December 2015, we completed the wind down of engineering, manufacturing and sales of our solar inverter product line (the \"inverter business\"). Accordingly, the results of our inverter business have been reflected as “Income (loss) from discontinued operations, net of income taxes” on our Consolidated Statements of Operations for all periods presented herein.",
"The effect of our sales of the remaining extended inverter warranties to our customers continues to be reflected in deferred revenue in our Consolidated Balance Sheets. Deferred revenue for extended inverter warranties and the associated costs of warranty service will be reflected in Sales and Cost of goods sold, respectively, from continuing operations in future periods in our Consolidated Statement of Operations, as the deferred revenue is earned and the associated services are rendered. Extended warranties related to the inverter product line are no longer offered.",
"In May 2019, we divested our grid-tied central solar inverter repair and service operation. In conjunction with the divesture, the initial product warranty for the previously sold grid-tied central solar inverters was transferred to the buyer. Accordingly, a gain of $8.6 million net of tax expense of $2.4 million was recognized in Other income (expense) and Provision (benefit) for income taxes, respectively, in our discontinued operations for the year December 31, 2019. Operating income from discontinued operations for the year ended December 31, 2019 and 2018, also includes the impacts of changes in our estimated product warranty liability, the recovery of accounts receivable and foreign exchange gain or (losses).",
"Income (loss) from discontinued operations, net of income taxes (in thousands):"
] |
[
"What will the results of the company's inverter business reflect as in their Consolidated Statements of Operations?",
"What was the total Income (loss) from discontinued operations in 2019?",
"The Income (loss) from discontinued operations, net of income taxes.",
"What was the total operating expense in 2018?",
"What was its change between 2018 and 2019?",
"What was it in percentage?",
"What was the change in Provision (benefit) for income taxes in that period?"
] |
[
[
"Income (loss) from discontinued operations, net of income taxes"
],
[
"What kind of Income (loss) from discontinued operations are you asking about?"
],
[
"8,480"
],
[
"96"
],
[
"926"
],
[
"964.58"
],
[
"2288"
]
] |
[
[
"($ in millions)",
"",
"",
""
],
[
"",
"2019",
"2018",
"2017"
],
[
"Balance at January 1",
"$6,759",
"$ 7,031",
"$3,740"
],
[
"Additions based on tax positions related to the current year",
"816",
"394",
"3,029"
],
[
"Additions for tax positions of prior years",
"779",
"1,201",
"803"
],
[
"Reductions for tax positions of prior years (including impacts due to a lapse of statute)",
"(922)",
"(1,686)",
"(367)"
],
[
"Settlements",
"(286)",
"(181)",
"(174)"
],
[
"Balance at December 31",
"$7,146",
"$ 6,759",
"$7,031"
]
] |
[
"The amount of unrecognized tax benefits at December 31, 2019 increased by $387 million in 2019 to $7,146 million. A reconciliation of the beginning and ending amount of unrecognized tax benefits was as follows:",
"The additions to unrecognized tax benefits related to the current and prior years were primarily attributable to U.S. federal and state tax matters, as well as non-U.S. tax matters, including transfer pricing, credits and incentives. The settlements and reductions to unrecognized tax benefits for tax positions of prior years were primarily attributable to U.S. federal and state tax matters, non-U.S. audits and impacts due to lapse of statute of limitations.",
"The unrecognized tax benefits at December 31, 2019 of $7,146 million can be reduced by $584 million associated with timing adjustments, U.S. tax credits, potential transfer pricing adjustments and state income taxes. The net amount of $6,562 million, if recognized, would favorably affect the company’s effective tax rate. The net amounts at December 31, 2018 and 2017 were $6,041 million and $6,064 million, respectively."
] |
[
"How much amount did the unrecognized tax benefits increased in 2019?",
"In December 2019, how much reduction was associated to timing adjustments, U.S. tax credits, potential transfer pricing adjustments and state income taxes.",
"What attributed to settlements and reductions to unrecognized tax benefits?",
"What is the average of Settlements?",
"For the period 2018-19.",
"What is the average of Balance?",
"Balance at January 1.",
"How about that at December 31?"
] |
[
[
"$387 million"
],
[
"$584 million"
],
[
"The settlements and reductions to unrecognized tax benefits for tax positions of prior years were primarily attributable to U.S. federal and state tax matters, non-U.S. audits and impacts due to lapse of statute of limitations."
],
[
"Which period are you asking about?"
],
[
"-233.5"
],
[
"What kind of balance are you asking about?"
],
[
"5843.33"
],
[
"6978.67"
]
] |
[
[
"Financial Assets",
"As of December 31,",
""
],
[
"",
"2018",
"2019"
],
[
"",
"NT$",
"NT$"
],
[
"",
"(In Thousands)",
"(In Thousands)"
],
[
"Financial assets at fair value through profit or loss",
"$12,084,297",
"$14,021,473"
],
[
"Financial assets at fair value through other comprehensive income",
"11,585,477",
"14,723,232"
],
[
"Financial assets measured at amortized cost",
"",
""
],
[
"Cash and cash equivalents (excludes cash on hand)",
"83,655,648",
"95,486,403"
],
[
"Receivables",
"24,583,451",
"26,459,392"
],
[
"Refundable deposits",
"2,757,399",
"2,600,733"
],
[
"Other financial assets",
"2,320,037",
"2,353,066"
],
[
"Total",
"$136,986,309",
"$155,644,299"
],
[
"Financial Liabilities",
"As of December 31,",
""
],
[
"",
"2018",
"2019"
],
[
"",
"NT$",
"NT$"
],
[
"",
"(In Thousands)",
"(In Thousands)"
],
[
"Financial liabilities measured at amortized cost",
"",
""
],
[
"Short-term loans",
"$13,103,808",
"$12,015,206"
],
[
"Payables",
"23,559,548",
"27,433,065"
],
[
"Guarantee deposits (current portion included)",
"665,793",
"296,694"
],
[
"Bonds payable (current portion included)",
"41,378,182",
"38,781,416"
],
[
"Long-term loans (current portion included)",
"30,826,215",
"33,902,074"
],
[
"Lease liabilities (Note)",
"—",
"6,031,025"
],
[
"Other financial liabilities",
"20,523,099",
"20,093,441"
],
[
"Total",
"$130,056,645",
"$138,552,921"
]
] |
[
"Note: The Company adopted IFRS 16 on January 1, 2019. The Company elected not to restate prior periods in accordance with the transition provision in IFRS 16.",
"Financial risk management objectives and policies",
"The Company’s risk management objectives are to manage the market risk, credit risk and liquidity risk related to its operating activities. The Company identifies, measures and manages the aforementioned risks based on policy and risk preference.",
"The Company has established appropriate policies, procedures and internal controls for financial risk management. Before entering into significant financial activities, approval process by the Board of Directors and Audit Committee must be carried out based on related protocols and internal control procedures. The Company complies with its financial risk management policies at all times."
] |
[
"When did the company adopt IFRS 16?",
"What are the company's risk management objectives?",
"What were the Financial assets in 2018?",
"The Financial assets at fair value through profit or loss.",
"What is its increase / (decrease) from 2018 to 2019?",
"How about the Short-term loans?",
"What is the percentage change of Other financial assets in that period?"
] |
[
[
"January 1, 2019"
],
[
"to manage the market risk, credit risk and liquidity risk related to its operating activities"
],
[
"What kind of Financial assets are you asking about?"
],
[
"$12,084,297"
],
[
"1937176"
],
[
"-1088602"
],
[
"1.42"
]
] |
[
[
"",
"June 30,",
""
],
[
"",
"2019",
"2018"
],
[
"",
"in millions)",
""
],
[
"Balance at beginning of year",
"$3.0",
"$0.2"
],
[
"Additions for current year tax positions",
"1.5",
"1.2"
],
[
"Additions for prior year tax positions",
"11.5",
"1.7"
],
[
"Reductions as a result of settlement with tax authority",
"(0.3)",
"(0.1)"
],
[
"Balance at end of year",
"$15.7",
"$3.0"
],
[
"Interest and penalties included in balance",
"$2.2",
"$0.1"
],
[
"Amount, if recognized, would impact the effective income tax rate",
"10.0",
"1.8"
],
[
"Amount that could be settled within the next year",
"10.0",
"1.9"
]
] |
[
"The Company had gross unrecognized tax benefits of $15.7 million and $3.0 million, as of June 30, 2019 and June 30, 2018, respectively. The Company recognizes interest and penalties related to uncertain tax positions in income tax expense.",
"The Company files income tax returns in various federal, state, and local jurisdictions including the United States, Canada, United Kingdom and France. In the normal course of business, the Company is subject to examination by taxing authorities throughout the world. With few exceptions, the Company is no longer subject to income tax examinations by tax authorities in major tax jurisdictions for years before 2014."
] |
[
"Where does the company file income tax returns?",
"Which years is the company no longer subject to income tax examinations by tax authorities in major tax jurisdictions?",
"How much gross unrecognized tax benefits did the company have as of June 30, 2019?",
"What is the % change in the balance from 2018 to 2019?",
"The balance at end of year.",
"What is the average beginning balance in that period?",
"Which years had additions of more than 1.1 million?",
"Additions for current year tax positions."
] |
[
[
"in various federal, state, and local jurisdictions including the United States, Canada, United Kingdom and France."
],
[
"for years before 2014"
],
[
"$15.7 million"
],
[
"What kind of balance are you asking about?"
],
[
"423.33"
],
[
"1.6"
],
[
"What kind of additions are you asking about?"
],
[
"2018",
"2019"
]
] |
[
[
"",
"",
"",
"Year Ended May 31,",
""
],
[
"",
"",
"",
"Percent Change",
""
],
[
"(Dollars in millions)",
"2019",
"Actual",
"Constant",
"2018"
],
[
"Provision for income taxes",
"$1,185",
"-87%",
"-86%",
"$8,837"
],
[
"Effective tax rate",
"9.7%",
"",
"",
"71.1%"
]
] |
[
"Provision for Income Taxes: Our effective income tax rates for each of the periods presented were the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. In fiscal 2018, the Tax Act was signed into law. The more significant provisions of the Tax Act as applicable to us are described above under “Impacts of the U.S. Tax Cuts and Jobs Act of 2017”. refer to Note 14 of Notes to Consolidated Financial Statements included elsewhere in this Annual report for a discussion regarding the differences between the effective income tax rates as presented for the periods below and the U.S. federal statutory income tax rates that were in effect during these periods. Future effective income tax rates could be adversely affected by an unfavorable shift of earnings weighted to jurisdictions with higher tax rates, by unfavorable changes in tax laws and regulations, by adverse rulings in tax related litigation, or by shortfalls in stock-based compensation realized by employees relative to stock-based compensation that was recorded for book purposes, among others.",
"Provision for income taxes decreased in fiscal 2019 relative to fiscal 2018 primarily due to the absence of the initial accounting charges related to the Tax Act that were recorded in fiscal 2018. To a lesser extent, provision for income taxes also decreased in fiscal 2019 due to the net favorable impacts of our final accounting for the Tax Act in fiscal 2019; the net favorable impacts of the Tax Act on our tax profile during fiscal 2019; the favorable impact of a tax benefit arising from an increase in a deferred tax asset associated with a partial realignment of our legal structure in fiscal 2019; and lower income before provision for income taxes in fiscal 2019. These decreases to our provision for income taxes in fiscal 2019 relative to fiscal 2018 were partially offset both by lower excess tax benefits related to stock-based compensation expense in fiscal 2019, and by less favorable changes in net unrecognized tax benefits due to settlements with tax authorities and other events in fiscal 2019 relative to fiscal 2018."
] |
[
"Which section of the Tax Act is most significant to Oracle?",
"What are some reasons provided for possible adverse impact on effective income tax rates?",
"Why did the company's provision for income taxes not decrease as much in fiscal 2019 as expected?",
"By how much less was its amount in 2019 compared to 2018?",
"How much was its total amount across 2018 and 2019?",
"How much was the average effective tax rate in that period?"
] |
[
[
"Impacts of the U.S. Tax Cuts and Jobs Act of 2017"
],
[
"Future effective income tax rates could be adversely affected by an unfavorable shift of earnings weighted to jurisdictions with higher tax rates, by unfavorable changes in tax laws and regulations, by adverse rulings in tax related litigation, or by shortfalls in stock-based compensation realized by employees relative to stock-based compensation that was recorded for book purposes, among others."
],
[
"These decreases to our provision for income taxes in fiscal 2019 relative to fiscal 2018 were partially offset both by lower excess tax benefits related to stock-based compensation expense in fiscal 2019, and by less favorable changes in net unrecognized tax benefits due to settlements with tax authorities and other events in fiscal 2019 relative to fiscal 2018."
],
[
"7652"
],
[
"10022"
],
[
"40.4"
]
] |
[
[
"($ in millions)",
"",
"",
""
],
[
"Reporting Segment",
"Fiscal 2019 Operating Profit",
"Fiscal 2018 Operating Profit",
"% Inc (Dec)"
],
[
"Grocery & Snacks",
"$689.2",
"$724.8",
"(5)%"
],
[
"Refrigerated & Frozen",
"502.2",
"479.4",
"5%"
],
[
"International",
"94.5",
"86.5",
"9%"
],
[
"Foodservice",
"117.7",
"121.8",
"(3)%"
],
[
"Pinnacle Foods",
"238.2",
"—",
"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 2019 was $689.2 million, a decrease of $35.6 million, or 5%, compared to fiscal 2018. Gross profits were $55.8 million lower in fiscal 2019 than in fiscal 2018. The lower gross profit was driven by higher input costs, transportation inflation, and a reduction in profit associated with the divestiture of the Wesson ® oil business, partially offset by profit contribution of acquisitions and supply chain realized productivity. The acquisition of Angie's Artisan Treats, LLC contributed $12.6 million to Grocery & Snacks gross profit in fiscal 2019, through the one-year anniversary of the acquisition. Advertising and promotion expenses for fiscal 2019 decreased by $31.3 million compared to fiscal 2018. Operating profit of the Grocery & Snacks segment was impacted by charges totaling $76.5 million in fiscal 2019 for the impairment of our Chef Boyardee® and Red Fork® brand assets and $4.0 million in fiscal 2018 for the impairment of our HK Anderson® , Red Fork® , and Salpica® brand assets. Grocery & Snacks also recognized a $33.1 million gain on the sale of our Wesson ® oil business in fiscal 2019. Operating profit of the Grocery & Snacks segment included $1.0 million and $11.4 million of expenses in fiscal 2019 and 2018, respectively, related to acquisitions and divestitures and charges of $4.6 million and $14.1 million in connection with our restructuring plans in fiscal 2019 and 2018, respectively. Grocery & Snacks operating profit for fiscal 2019 was $689.2 million, a decrease of $35.6 million, or 5%, compared to fiscal 2018. Gross profits were $55.8 million lower in fiscal 2019 than in fiscal 2018. The lower gross profit was driven by higher input costs, transportation inflation, and a reduction in profit associated with the divestiture of the Wesson ® oil business, partially offset by profit contribution of acquisitions and supply chain realized productivity. The acquisition of Angie's Artisan Treats, LLC contributed $12.6 million to Grocery & Snacks gross profit in fiscal 2019, through the one-year anniversary of the acquisition. Advertising and promotion expenses for fiscal 2019 decreased by $31.3 million compared to fiscal 2018. Operating profit of the Grocery & Snacks segment was impacted by charges totaling $76.5 million in fiscal 2019 for the impairment of our Chef Boyardee® and Red Fork® brand assets and $4.0 million in fiscal 2018 for the impairment of our HK Anderson® , Red Fork® , and Salpica® brand assets. Grocery & Snacks also recognized a $33.1 million gain on the sale of our Wesson ® oil business in fiscal 2019. Operating profit of the Grocery & Snacks segment included $1.0 million and $11.4 million of expenses in fiscal 2019 and 2018, respectively, related to acquisitions and divestitures and charges of $4.6 million and $14.1 million in connection with our restructuring plans in fiscal 2019 and 2018, respectively.",
"Refrigerated & Frozen operating profit for fiscal 2019 was $502.2 million, an increase of $22.8 million, or 5%, compared to fiscal 2018. Gross profits were $19.6 million lower in fiscal 2019 than in fiscal 2018, driven by increased input costs and transportation inflation, partially offset by supply chain realized productivity. Advertising and promotion expenses for fiscal 2019 decreased by $24.6 million compared to fiscal 2018. Operating profit of the Refrigerated & Frozen segment included a gain of $23.1 million in fiscal 2019 related to the sale of our Italian-based frozen pasta business, Gelit.",
"International operating profit for fiscal 2019 was $94.5 million, an increase of $8.0 million, or 9%, compared to fiscal 2018. Gross profits were flat in fiscal 2019 compared to fiscal 2018. Included in the International segment fiscal 2019 operating profit was a gain of $13.2 million related to the sale of our Del Monte® processed fruit and vegetable business in Canada, charges of $13.1 million for the impairment of our Aylmer® and Sundrop ® brand assets, and charges of $2.9 million related to divestitures. In addition, operating profit was impacted by charges of $1.9 million and $1.5 million in connection with our restructuring plans, in fiscal 2019 and 2018, respectively.",
"Foodservice operating profit for fiscal 2019 was $117.7 million, a decrease of $4.1 million, or 3%, compared to fiscal 2018. Gross profits were $8.5 million lower in fiscal 2019 than in fiscal 2018, due to lower volume (including the sale of our Trenton, Missouri production facility) and higher input costs, partially offset by supply chain realized productivity",
"Pinnacle Foods operating profit for fiscal 2019 (reflecting 213 days of Conagra Brands ownership) was $238.2 million. Operating profit for Pinnacle Foods during fiscal 2019 included incremental cost of goods sold of $53.0 million due to the impact of writing inventory to fair value as part of our acquisition accounting and the subsequent sale of that inventory, as well as charges of $5.9 million related to restructuring activities."
] |
[
"What drove the lower gross profit for Grocery & Snacks in the fiscal year 2019 compared to in the fiscal year 2018?",
"How much was the sale of the Italian-based frozen pasta business, Gelit, related to the operating profit of the Refrigerated & Frozen segment in the fiscal year 2019?",
"What was the operating profit in the fiscal year 2018 and 2019 respectively?",
"Foodservice",
"What is the proportion of the sale of Del Monte in International’s operating profit in the fiscal year 2019?",
"What is the proportion of the operating profit in International and Pinnacle Foods over total operating profit in all segments in the fiscal year 2019?",
"What is the percentage change in total operating profit of these two segments from the fiscal year 2018 to 2019?"
] |
[
[
"higher input costs, transportation inflation, and a reduction in profit associated with the divestiture of the Wesson ® oil business, partially offset by profit contribution of acquisitions and supply chain realized productivity"
],
[
"$23.1 million"
],
[
"Which segment are you asking about?"
],
[
"121.8",
"117.7"
],
[
"0.14"
],
[
"0.2"
],
[
"1.87"
]
] |
[
[
"",
"2019",
"2018"
],
[
"",
"€m",
"€m"
],
[
"Cash consideration paid",
"",
""
],
[
"Acquisitions during the year",
"61",
"9"
],
[
"Net cash acquired and acquisition related costs",
"26",
"–"
],
[
"",
"87",
"9"
]
] |
[
"26. Acquisitions and disposals",
"We completed a number of acquisitions and disposals during the year. The note below provides details of these transactions as well as those in the prior year. For further details see “Critical accounting judgements and key sources of estimation uncertainty” in note 1 “Basis of preparation” to the consolidated financial statements.",
"Accounting policies",
"Business combinations",
"Acquisitions of subsidiaries are accounted for using the acquisition method. The cost of the acquisition is measured at the aggregate of the fair values at the date of exchange of assets given, liabilities incurred or assumed and equity instruments issued by the Group. Acquisition-related costs are recognised in the income statement as incurred. The acquiree’s identifiable assets and liabilities are recognised at their fair values at the acquisition date. Goodwill is measured as the excess of the sum of the consideration transferred, the amount of any non-controlling interests in the acquiree and the fair value of the Group’s previously held equity interest in the acquiree, if any, over the net amounts of identifiable assets acquired and liabilities assumed at the acquisition date. The interest of the non-controlling shareholders in the acquiree may initially be measured either at fair value or at the non-controlling shareholders’ proportion of the net fair value of the identifiable assets acquired, liabilities and contingent liabilities assumed. The choice of measurement basis is made on an acquisition-by-acquisition basis. Acquisitions of subsidiaries are accounted for using the acquisition method. The cost of the acquisition is measured at the aggregate of the fair values at the date of exchange of assets given, liabilities incurred or assumed and equity instruments issued by the Group. Acquisition-related costs are recognised in the income statement as incurred. The acquiree’s identifiable assets and liabilities are recognised at their fair values at the acquisition date. Goodwill is measured as the excess of the sum of the consideration transferred, the amount of any non-controlling interests in the acquiree and the fair value of the Group’s previously held equity interest in the acquiree, if any, over the net amounts of identifiable assets acquired and liabilities assumed at the acquisition date. The interest of the non-controlling shareholders in the acquiree may initially be measured either at fair value or at the non-controlling shareholders’ proportion of the net fair value of the identifiable assets acquired, liabilities and contingent liabilities assumed. The choice of measurement basis is made on an acquisition-by-acquisition basis.",
"Acquisition of interests from non-controlling shareholders",
"In transactions with non-controlling parties that do not result in a change in control, the difference between the fair value of the consideration paid or received and the amount by which the non-controlling interest is adjusted is recognised in equity",
"The aggregate cash consideration in respect of purchases in subsidiaries, net of cash acquired, is as follows:",
"During the year ended 31 March 2019 the Group completed certain acquisitions for an aggregate net cash consideration of €87 million. The aggregate fair values of goodwill, identifiable assets, and liabilities of the acquired operations were €77 million, €123 million and €139 million respectively."
] |
[
"Which financial years' information is shown in the table?",
"What does cash consideration paid comprise of?",
"Between 2018 and 2019, which year had a greater amount of it?",
"How about acquisitions during the year?",
"How much is its amount in 2019?",
"What percentage of average cash consideration paid is the average acquisitions during the year?"
] |
[
[
"2018",
"2019"
],
[
"Acquisitions during the year",
"Net cash acquired and acquisition related costs"
],
[
"2019"
],
[
"2019"
],
[
"61"
],
[
"72.92"
]
] |
[
[
"",
"Level 1",
"Level 2",
"Level 3",
"Total"
],
[
"Cash and cash equivalents",
"$0.7",
"$77.7",
"$—",
"$78.4"
],
[
"Equity securities:",
"",
"",
"",
""
],
[
"U.S. equity securities",
"56.3",
"91.8",
"—",
"148.1"
],
[
"International equity securities",
"87.8",
"0.4",
"—",
"88.2"
],
[
"Fixed income securities:",
"",
"",
"",
""
],
[
"Government bonds",
"—",
"748.3",
"—",
"748.3"
],
[
"Corporate bonds",
"—",
"2,255.5",
"—",
"2,255.5"
],
[
"Mortgage-backed bonds",
"—",
"31.1",
"—",
"31.1"
],
[
"Real estate funds",
"0.4",
"—",
"—",
"0.4"
],
[
"Net receivables for unsettled transactions",
"5.6",
"—",
"—",
"5.6"
],
[
"Fair value measurement of pension plan assets in the fair value hierarchy",
"$150.8",
"$3,204.8",
"$—",
"$3,355.6"
],
[
"Investments measured at net asset value",
"",
"",
"",
"245.9"
],
[
"Total pension plan assets",
"",
"",
"",
"$3,601.5"
]
] |
[
"Plan Assets The fair value of plan assets, summarized by level within the fair value hierarchy described in Note 20, as of May 26, 2019, was as follows:",
"Level 1 assets are valued based on quoted prices in active markets for identical securities. The majority of the Level 1 assets listed above include the common stock of both U.S. and international companies, mutual funds, master limited partnership units, and real estate investment trusts, all of which are actively traded and priced in the market.",
"Level 2 assets are valued based on other significant observable inputs including quoted prices for similar securities, yield curves, indices, etc. Level 2 assets consist primarily of individual fixed income securities where values are based on quoted prices of similar securities and observable market data.",
"Level 3 assets consist of investments where active market pricing is not readily available and, as such, fair value is estimated using significant unobservable inputs.",
"Certain assets that are measured at fair value using the NAV (net asset value) per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. Such investments are generally considered long-term in nature with varying redemption availability. For certain of these investments, with a fair value of approximately $51.0 million as of May 26, 2019, the asset managers have the ability to impose customary redemption gates which may further restrict or limit the redemption of invested funds therein. As of May 26, 2019, funds with a fair value of $4.2 million have imposed such gates.",
"As of May 26, 2019, we have unfunded commitments for additional investments of $48.3 million in private equity funds and $17.0 million in natural resources funds. We expect unfunded commitments to be funded from plan assets rather than the general assets of the Company.",
"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)"
] |
[
"What are assets valued based on?",
"Level 1",
"How much were the fair values of Level 1 and 2 cash and cash equivalents assets, respectively?",
"What is the ratio of Level 1 assets to Level 2 assets?",
"How much was the total pension plan assets (in millions) as of May 26, 2019?",
"What is the proportion of total fixed income securities over this amount?",
"How about that of the fair value of the customary redemption gates?"
] |
[
[
"Which level of assets are you asking about?"
],
[
"quoted prices in active markets for identical securities"
],
[
"$0.7",
"$77.7"
],
[
"0.05"
],
[
"$3,601.5"
],
[
"0.84"
],
[
"0.12"
]
] |
[
[
"",
"",
"Level 1",
"Level 2",
"Level 3",
"Total"
],
[
"",
"Notes",
"$'000",
"$'000",
"$'000",
"$'000"
],
[
"At 30 June 2019",
"",
"",
"",
"",
""
],
[
"Assets held for sale",
"10.2",
"-",
"1,107",
"-",
"1,107"
],
[
"Leasehold investment properties",
"10.4",
"-",
"-",
"215,279",
"215,279"
],
[
"Freehold investment properties",
"10.4",
"-",
"-",
"1,874,698",
"1,874,698"
],
[
"",
"",
"-",
"1,107",
"2,089,977",
"2,091,084"
],
[
"At 30 June 2018",
"",
"",
"",
"",
""
],
[
"Assets held for sale",
"10.2",
"-",
"5,713",
"-",
"5,713"
],
[
"Leasehold investment properties",
"10.4",
"-",
"-",
"207,664",
"207,664"
],
[
"Freehold investment properties",
"10.4",
"-",
"",
"1,377,924",
"1,377,924"
]
] |
[
"10.8. Non-financial assets fair value measurement",
"The Group has classified its non-financial assets held at fair value into the three levels prescribed in note 9.8 to provide an indication about the reliability of inputs used to determine fair value.",
"Recognised fair value measurements",
"The Group’s policy is to recognise transfers into and out of fair value hierarchy levels at the end of the reporting period. There were no transfers between levels 1 and 2 for recurring fair value measurements during the year. During the year ended 30 June 2019 the Group transferred $2.1m from level 3 to level 2 following the reclassification of assets from freehold investment properties to assets held for sale, and $5.7m from level 2 to level 3 following the reclassification of assets from assets held for sale to freehold investment properties, as detailed in note 10.2.",
"In the prior year ended 30 June 2018 the Group transferred $4.4m from level 3 to level 2 following the reclassification of an asset from freehold investment properties to assets held for sale.",
"Fair value measurements using significant observable inputs (level 2)",
"The fair value of assets held for sale is determined using valuation techniques which maximise the use of observable market data. For the years ended 30 June 2019 and 30 June 2018, the Group has valued assets classified as held for sale at the contractually agreed sales price less estimated cost of sale or other observable evidence of market value.",
"Fair value measurements using significant unobservable inputs (level 3)",
"Valuation techniques used to determine level 3 fair values and valuation process Investment properties, principally storage buildings, are held for rental to customers requiring selfstorage facilities and are carried at fair value. Changes in fair values are presented in profit or loss as fair value adjustments.",
"Fair values are determined by a combination of independent valuations and Director valuations. The independent valuations are performed by an accredited independent valuer. Investment properties are independently valued on a rotational basis every three years unless the underlying financing requires a more frequent valuation cycle. For properties subject to an independent valuation report the Directors verify all major inputs to the valuation and review the results with the independent valuer. The Director valuations are completed by the NSH Group Board. The valuations are determined using the same techniques and similar estimates to those applied by the independent valuer.",
"The Group obtains the majority of its external independent valuations at each financial year end. The Group’s policy is to maintain the valuation of the investment property valued in the preceding year at external valuation, unless there is an indication of a significant change to the property’s valuation inputs."
] |
[
"How has the group valued the assets classified as held for sale in 2018 and 2019?",
"What was the amount of transfer that the Group did from level 3 to level 2?",
"What was the assets held for sale in 2018?",
"Level 1, Level 2 and Level 3.",
"What was its change under Level 2 from 2018 to 2019?",
"In which year was its amount less than 2,000 thousands?",
"What is the average investment properties for 2018 and 2019?",
"Leasehold investment properties."
] |
[
[
"classified as held for sale at the contractually agreed sales price less estimated cost of sale or other observable evidence of market value."
],
[
"$2.1m"
],
[
"Which level are you asking about?"
],
[
"-",
"5,713",
"-"
],
[
"-4606"
],
[
"2019"
],
[
"What kind of investment properties are you asking about?"
],
[
"211471.5"
]
] |
[
[
"",
"2019",
"2018"
],
[
"Net taxable (loss) at effective tax rates",
"$(2,508)",
"$(1,567)"
],
[
"Stock compensation expense",
"119",
"358"
],
[
"Amortization of debt discount",
"94",
"10"
],
[
"Impairment of goodwill",
"-",
"519"
],
[
"Other",
"(223)",
"(153)"
],
[
"Valuation allowance",
"2,518",
"833"
],
[
"Income tax expense",
"$-",
"$-"
]
] |
[
"13. INCOME TAXES",
"The Company files income tax returns in the U.S. federal jurisdiction and the state of California. With few exceptions, the Company is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2015.",
"Deferred income taxes have been provided by temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for tax purposes. To the extent allowed by GAAP, the Company provides valuation allowances against the deferred tax assets for amounts when the realization is uncertain. Included in the balances at December 31, 2019 and 2018, are no tax positions for which the ultimate deductibility is highly certain, but for which there is uncertainty about the timing of such deductibility. Because of the impact of deferred tax accounting, other than interest and penalties, the disallowance of the shorter deductibility period would not affect the annual effective tax rate but would accelerate the payment of cash to the taxing authority to an earlier period.",
"The Company’s policy is to recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. During the periods ended December 31, 2019 and 2018, the Company did not recognize interest and penalties.",
"The income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income from continuing operations for the year ended December 31, 2019 and 2018 due to the following:"
] |
[
"Where does the company file income tax returns?",
"What is the valuation allowance in 2019?",
"What is the percentage change in it from 2018 to 2019?",
"How about that in the net loss at effective tax rates?",
"And that in the stock compensation expense?",
"What is the net loss at effective tax rates in 2019?"
] |
[
[
"in the U.S. federal jurisdiction and the state of California"
],
[
"2,518"
],
[
"202.28"
],
[
"60.05"
],
[
"-66.76"
],
[
"2,508"
]
] |
[
[
"",
"2019",
"2018"
],
[
"Total cash provided by (used in) continuing operations:",
"",
""
],
[
"Operating activities",
"$168,405",
"$104,055"
],
[
"Investing activities",
"(13,819)",
"65,661"
],
[
"Financing activities",
"(5,730)",
"(445,529)"
],
[
"Net increase (decrease) in cash from continuing operations",
"$148,856",
"$(275,813)"
]
] |
[
"The table below summarizes our cash flows from continuing operations activities for each of the last two fiscal years (in thousands):",
"Operating Activities. Operating cash flows increased $64.4 million in 2019 compared with 2018 primarily due to favorable changes in working capital of $37.0 million, primarily due to lower income tax payments of$41.3 million, and higher net income adjusted for non-cash items of $27.3 million",
"Pension and Postretirement Contributions — Our policy is to fund our pension plans at or above the minimum required by law. As of January 1, 2019, the date of our last actuarial funding valuation for our qualified pension plan, there was no minimum contribution funding requirement. In 2019 and 2018, we contributed $6.2 million and $5.5 million, respectively, to our pension and postretirement plans. We do not anticipate making any contributions to our qualified defined benefit pension plan in fiscal 2020. For additional information, refer to Note 12, Retirement Plans, of the notes to the consolidated financial statements."
] |
[
"How much money was contributed to the pension and postretirement plan in 2019?",
"How about 2018?",
"How much did operating cash flows increased by from 2018 to 2019?",
"What is the average of the cash flows for activities for 2018 and 2019?",
"Operating activities.",
"What is the percentage change between them?",
"What is the difference in cash flows for investing activities in that period?"
] |
[
[
"$6.2 million"
],
[
"$5.5 million"
],
[
"$64.4 million"
],
[
"What kind of activities are you asking about?"
],
[
"136230"
],
[
"61.84"
],
[
"79480"
]
] |
[
[
"",
"January 31,",
""
],
[
"",
"2019",
"2018"
],
[
"Stock-based compensation",
"$25.9",
"$26.7"
],
[
"Research and development tax credit carryforwards",
"238.7",
"170.3"
],
[
"Foreign tax credit carryforwards",
"198.6",
"162.2"
],
[
"Accrued compensation and benefits",
"6.5",
"25.9"
],
[
"Other accruals not currently deductible for tax",
"19.0",
"22.9"
],
[
"Purchased technology and capitalized software",
"32.6",
"43.4"
],
[
"Fixed assets",
"15.0",
"16.5"
],
[
"Tax loss carryforwards",
"237.2",
"85.7"
],
[
"Deferred revenue",
"49.0",
"120.3"
],
[
"Other",
"28.4",
"32.4"
],
[
"Total deferred tax assets",
"850.9",
"706.3"
],
[
"Less: valuation allowance",
"(797.8)",
"(634.2)"
],
[
"Net deferred tax assets",
"53.1",
"72.1"
],
[
"Indefinite lived intangibles",
"(67.6)",
"(57.0)"
],
[
"Total deferred tax liabilities",
"(67.6)",
"(57.0)"
],
[
"Net deferred tax assets (liabilities)",
"$(14.5)",
"$15.1"
]
] |
[
"Significant components of Autodesk’s deferred tax assets and liabilities are as follows",
"Autodesk’s tax expense is primarily driven by tax expense in foreign locations, withholding taxes on payments made to the U.S. from foreign sources, and tax amortization on indefinite-lived intangibles offset by a tax benefit resulting from release of uncertain tax positions upon finalization of IRS examination and release of valuation allowance from acquired deferred tax liabilities.",
"Autodesk regularly assesses the need for a valuation allowance against its deferred tax assets. In making that assessment, Autodesk considers both positive and negative evidence, whether it is more likely than not that some or all of the deferred tax assets will not be realized. In evaluating the need for a valuation allowance, Autodesk considered cumulative losses arising from the Company's business model transition as a significant piece of negative evidence. Consequently, Autodesk determined that a valuation allowance was required on the accumulated U.S., Canada and Singapore tax attributes. In the current year, the U.S. created incremental deferred tax assets, primarily operating losses, foreign tax and R&D credits, Singapore generated operating losses and Canada generated R&D credits. These U.S. and Singapore deferred tax attributes have been offset by a full valuation allowance. The valuation allowance increased by $163.6 million in fiscal 2019 primarily due to the generation of deferred tax attributes. The valuation allowance decreased by $113.8 million, and increased $352.4 million in fiscal 2018, and 2017, respectively, primarily related to U.S. Tax Act reduction in rate in fiscal 2018 and U.S. and Canadian deferred tax attributes generated in fiscal 2017. As Autodesk continually strives to optimize the overall business model, tax planning strategies may become feasible and prudent allowing the Company to realize many of the deferred tax assets that are offset by a valuation allowance; therefore, Autodesk will continue to evaluate the ability to utilize the net deferred tax assets each quarter, both in the U.S. and in foreign jurisdictions, based on all available evidence, both positive and negative.",
"The Tax Act was signed into law on December 22, 2017 and provided broad and significant changes to the U.S. corporate income tax regime. In light of our fiscal year-end, the Tax Act reduced the statutory federal corporate rate from 35% to 33.81% for fiscal 2018 and to 21% for fiscal 2019 and forward. The Tax Act also, among many other provisions, imposed a one-time mandatory tax on accumulated earnings of foreign subsidiaries (commonly referred to as the \"transition tax\"), subjected the deemed intangible income of our foreign subsidiaries to current U.S. taxation (commonly referred to as \"GILTI\"), provided for a full dividends received deduction upon repatriation of untaxed earnings of our foreign subsidiaries, imposed a minimum taxation (without most tax credits) on modified taxable income, which is generally taxable income without deductions for payments to related foreign companies (commonly referred to as “BEAT”), modified the accelerated depreciation deduction rules, and made updates to the deductibility of certain expenses. We have completed our determination of the accounting implications of the Tax Act on our tax accruals.",
"We recorded a tax benefit of the Tax Act in our financial statements as of January 31, 2018 of approximately $32.3 million mainly driven by the corporate rate remeasurement of the indefinite-lived intangible deferred tax liability.",
"As of January 31, 2018, we estimated taxable income associated with offshore earnings of $831.5 million, and as of January 31, 2019, we adjusted the taxable income to $819.6 million to reflect the impact of Treasury Regulations issued in the fourth quarter of fiscal 2019. Transition tax related to adjustments in the offshore earnings resulted in no impact to the effective tax rate as it is primarily offset by net operating losses that are subject to a full valuation allowance. As a result of the transition tax, we recorded a deferred tax asset of approximately $45.1 million for foreign tax credits, which are also subject to a full valuation allowance."
] |
[
"What is Autodesk's tax expense primarily driven by?",
"What was the deferred revenue for as of January 31, 2019?",
"What is the change in the deferred tax assets from 2018 to 2019?",
"Total deferred tax assets.",
"How about stock-based compensation?",
"What is its average for the three year period from 2018 to 2019?",
"What were the fixed assets in 2018?"
] |
[
[
"Autodesk’s tax expense is primarily driven by tax expense in foreign locations, withholding taxes on payments made to the U.S. from foreign sources, and tax amortization on indefinite-lived intangibles offset by a tax benefit resulting from release of uncertain tax positions upon finalization of IRS examination and release of valuation allowance from acquired deferred tax liabilities."
],
[
"49.0"
],
[
"What kind of deferred tax assets are you asking about?"
],
[
"144.6"
],
[
"0.8"
],
[
"26.3"
],
[
"16.5"
]
] |
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