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<s>[INST] REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Board of Directors and Stockholders BK Technologies Corporation West Melbourne, Florida Opinion on the Consolidated Financial Statements We have audited the accompanying consolidated balance sheets of BK Technologies Corporation (the “Company”) as of December 31, 2020 and 2019, and the related consolidated statements of operations, changes in stockholders’ equity, and cash flows for each of the years in the two-year period ended December 31, 2020, and the related notes (collectively referred to as the consolidated financial statements). [/INST] Positive sentiment. </s> |
<s>[INST] On February 22, 2018, the Company filed motions to dismiss the Hamilton and Ha plaintiffs’ amended complaints. [/INST] Positive sentiment. </s> |
<s>[INST] If the conversion value exceeds the principal amount, we will also deliver at our election, cash or common stock or a combination thereof having a value equal to such excess amount. [/INST] Positive sentiment. </s> |
<s>[INST] Ocean Transportation: Matson’s Ocean Transportation business is conducted through Matson Navigation Company, Inc. (“MatNav”), a wholly-owned subsidiary of Matson, Inc. [/INST] Positive sentiment. </s> |
<s>[INST] Further, the Company is required to maintain specific amounts of tangible net worth, a specified debt service coverage ratio, and a fixed charge coverage ratio, all as defined in the revolving loan agreement. [/INST] Negative sentiment. </s> |
<s>[INST] (B) Reflects the divestiture of Altenbach as of May 1, 1996. [/INST] Negative sentiment. </s> |
<s>[INST] Financial Information about Geographic Areas For 2009 and 2008, sales from continuing operations to customers outside the United States, including export sales, accounted for approximately 12% and 8% respectively, of consolidated net sales. [/INST] Positive sentiment. </s> |
<s>[INST] See discussion under “Fair Value Measurements” in Note 1 to the Consolidated Financial Statements. [/INST] Negative sentiment. </s> |
<s>[INST] As used in this Report, the term “Air Products” or “Company” includes subsidiaries and predecessors of the registrant or its subsidiaries, unless the context indicates otherwise. [/INST] Negative sentiment. </s> |
<s>[INST] The increase in interest expense, net for 2014, was primarily the result of higher average borrowings during 2014 under the Company’s bank revolving credit facility compared to 2013. [/INST] Positive sentiment. </s> |
<s>[INST] Competitive pressures could adversely impact the demand for our products, which could harm our revenue and gross margin. [/INST] Negative sentiment. </s> |
<s>[INST] The Company files federal income tax returns, as well as multiple state and local jurisdiction tax returns. [/INST] Negative sentiment. </s> |
<s>[INST] These schedules should be read in conjunction with the Consolidated Financial Statements of Abbott Laboratories: Abbott Laboratories Financial Statement Schedules Page No. [/INST] Negative sentiment. </s> |
<s>[INST] While there is a potential for an adverse verdict, the Company believes that any such loss other than $25,000 would be covered by insurance. [/INST] Positive sentiment. </s> |
<s>[INST] See “Part II, Item 7 - Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this report for further information. [/INST] Positive sentiment. </s> |
<s>[INST] Following three years from the date of the Investor Notes, if the closing price of the common stock of the Company is greater than $8.00 for five consecutive days, the Company can cause conversion of the Investor Notes. [/INST] Positive sentiment. </s> |
<s>[INST] Tullis 49 Director Dwight C. Wheeler II 54 Director not standing for reelection Henry C. Wheeler * 80 Director * Henry C. Wheeler is the father of Dwight C. Wheeler II. [/INST] Negative sentiment. </s> |
<s>[INST] Similar to other large multi-national companies, the size and complexity of the information technology systems on which Abbott relies for both its infrastructure and products makes them susceptible to a cyber attack, malicious intrusion, breakdown, destruction, loss of data privacy, or other significant disruption. [/INST] Negative sentiment. </s> |
<s>[INST] Pension Funding Pension funding includes both contributions to funded plans and benefit payments for unfunded plans, which are primarily non-qualified plans. [/INST] Positive sentiment. </s> |
<s>[INST] Two-way LMRs can be units that are hand-held (portable) or installed in vehicles (mobile). [/INST] Positive sentiment. </s> |
<s>[INST] At May 31, 2016, our remaining portfolio consisted of three aircraft owned through joint ventures. [/INST] Negative sentiment. </s> |
<s>[INST] Loss from discontinued operations was $20.4 million in fiscal 2020 compared to $76.6 million in the prior year. [/INST] Positive sentiment. </s> |
<s>[INST] As of May 31, 2011, our equity investment in the 23 aircraft owned with joint venture partners was approximately $39,994 and is included in investment in joint ventures on the Consolidated Balance Sheet. [/INST] Positive sentiment. </s> |
<s>[INST] Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. [/INST] Negative sentiment. </s> |
<s>[INST] The identified intangibles primarily relate to customer relationships and are being amortized over 23 years. [/INST] Positive sentiment. </s> |
<s>[INST] For assets to be disposed of other than by sale, impairment losses are measured as their carrying amount less salvage value, if any, at the time the assets cease to be used. [/INST] Negative sentiment. </s> |
<s>[INST] Through the acquisition of SeaMicro, AMD plans to accelerate its strategy to deliver disruptive server technology to its original equipment manufacturers (OEM) customers serving Cloud-centric data centers. [/INST] Negative sentiment. </s> |
<s>[INST] Depreciation and amortization amounted to $1.3 million in 2012 compared to $1.4 million in 2011. [/INST] Positive sentiment. </s> |
<s>[INST] The goodwill is primarily attributable to intangible assets that do not qualify for separate recognition. [/INST] Positive sentiment. </s> |
<s>[INST] ADAMS RESOURCES & ENERGY, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Note 1. [/INST] Negative sentiment. </s> |
<s>[INST] The weighted average interest rate for outstanding borrowings was 10.2% at December 31, 2000 (8.6% at December 31, 1999). [/INST] Negative sentiment. </s> |
<s>[INST] However, application of the critical accounting policies discussed below requires management’s significant judgments, often as the result of the need to make estimates of matters that are inherently uncertain. [/INST] Positive sentiment. </s> |
<s>[INST] As a result, we face significant challenges: • in maintaining adequate accounting, financial and business controls; • implementing new or updated information, accounting and financial systems, and procedures; and • in training, managing and appropriately sizing our work force and other components of our business on a timely and cost-effective basis. [/INST] Positive sentiment. </s> |
<s>[INST] Taxable income decreased in 2007 primarily as a result of lower sales and gross margins. [/INST] Negative sentiment. </s> |
<s>[INST] Chicago, Illinois February 22, 2019 Report of Independent Registered Public Accounting Firm To the Shareholders and Board of Directors of Abbott Laboratories Opinion on Internal Control over Financial Reporting We have audited Abbott Laboratories and subsidiaries' internal control over financial reporting as of December 31, 2018, based on criteria established in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) (the COSO criteria). [/INST] Positive sentiment. </s> |
<s>[INST] Use of Estimates We have made estimates and utilized certain assumptions relating to the reporting of assets and liabilities and the disclosures of contingent liabilities to prepare these consolidated financial statements in conformity with accounting principles generally accepted in the United States. [/INST] Negative sentiment. </s> |
<s>[INST] TAP also had outstanding option contracts at December 31, 2002 with a notional value of $213,628 and a fair value of $10,226. [/INST] Negative sentiment. </s> |
<s>[INST] The equity method of accounting is used for investments in other companies in which we have significant influence; generally this represents common stock ownership of at least 20% and not more than 50% (see Note 10 for a discussion of aircraft joint ventures). [/INST] Negative sentiment. </s> |
<s>[INST] This was due primarily to an increase in capital expenditures offset by certain of the Kirk & Blum assets acquired in 1999 that became fully depreciated. [/INST] Positive sentiment. </s> |
<s>[INST] These products would compete with our AMD Athlon 64 microprocessors. [/INST] Negative sentiment. </s> |
<s>[INST] Included in United States revenues are export sales to third-party customers of $378.7 in 2014, $410.3 in 2013, and $521.1 in 2012. [/INST] Positive sentiment. </s> |
<s>[INST] The difference between the $167 million gain recognized in the transaction described above and the $193 million gain shown in the consolidated statement of operations for 2008 represents gains recognized on sales of 200 millimeter equipment to other third parties. [/INST] Negative sentiment. </s> |
<s>[INST] (See Note 9 for further details of the term loan). [/INST] Negative sentiment. </s> |
<s>[INST] Generally, in light of current industry practice and experience and the fact that substantially our entire order backlog is cancelable, we do not believe that such agreements provide meaningful backlog figures or are necessarily indicative of actual sales for any succeeding period. [/INST] Negative sentiment. </s> |
<s>[INST] Adult Nutritionals sales in 2005 and 2004 were favorably impacted by the acquisition of EAS in the fourth quarter of 2004. [/INST] Positive sentiment. </s> |
<s>[INST] Foreign currency translation adjustments decreased intangible assets by approximately $71 million in 2019 and $281 million in 2018. [/INST] Negative sentiment. </s> |
<s>[INST] Producing oil and gas leases, equipment and intangible drilling costs are depleted or amortized over the estimated recoverable reserves using the units-of-production method. [/INST] Negative sentiment. </s> |
<s>[INST] Our responsibility is to express an opinion on the Company’s internal control over financial reporting based on our audit. [/INST] Positive sentiment. </s> |
<s>[INST] Michael J. Pederson, 57 to present - Senior Vice President, CRM and AF/EP. [/INST] Positive sentiment. </s> |
<s>[INST] This loss represents the difference between Spansion’s book value per share before and after the IPO multiplied by the number of shares of Spansion’s common stock owned by us. [/INST] Negative sentiment. </s> |
<s>[INST] Our estimates are impacted by factors such as the potential for incentives or penalties on performance, schedule and technical issues, labor productivity, the complexity of work performed, the cost and availability of materials, and performance of subcontractors. [/INST] Negative sentiment. </s> |
<s>[INST] Submission of Matters to a Vote of Security Holders There was no matter submitted to the vote of the shareholders during the fourth quarter of 2008. [/INST] Positive sentiment. </s> |
<s>[INST] Our industrial ventilation system designs enable reduced construction, operating, and maintenance costs by optimizing airflow. [/INST] Positive sentiment. </s> |
<s>[INST] No estimate can be made of a range of amounts of loss that are reasonably possible should that program not be successful. [/INST] Negative sentiment. </s> |
<s>[INST] The sales increase in 2017 was primarily driven by the acquisition of St. Jude Medical which was completed on January 4, 2017. [/INST] Negative sentiment. </s> |
<s>[INST] The impact of the acquired operations on Abbott's operating results was not significant for 2014. [/INST] Negative sentiment. </s> |
<s>[INST] As such, our information systems will continually evolve and adapt in order to meet our business needs. [/INST] Positive sentiment. </s> |
<s>[INST] The Company’s success depends in part on its ability to obtain patents and licenses and to preserve other intellectual property rights covering its products and processes. [/INST] Positive sentiment. </s> |
<s>[INST] Business Segments Business segment information is shown below: (A) Information about how this charge related to the businesses at the segment level is discussed in Note 5, Global Cost Reduction Plan. [/INST] Positive sentiment. </s> |
<s>[INST] In addition, internal processing time is a factor in estimating the accrual. [/INST] Negative sentiment. </s> |
<s>[INST] A copy of the Code of Ethics is attached to this Form 10-K as Exhibit 14. [/INST] Positive sentiment. </s> |
<s>[INST] In designing and evaluating our disclosure controls and procedures, our management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and our management is required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures. [/INST] Negative sentiment. </s> |
<s>[INST] The “EIN/Pension Plan Number” column provides the Employer Identification Number and the three-digit plan number, if applicable. [/INST] Positive sentiment. </s> |
<s>[INST] If recovery is not likely, we must increase our charge to income tax expense, in the form of a valuation allowance, for the deferred tax assets that we estimate will not ultimately be recoverable. [/INST] Positive sentiment. </s> |
<s>[INST] Pursuant to the terms of the partnership agreements, AMD, through AMD Fab 36 Holding and AMD Fab 36 Admin, agreed to provide an aggregate of $694 million, Leipziger Messe agreed to provide an aggregate of $237 million and Fab 36 Beteiligungs agreed to provide an aggregate of $143 million. [/INST] Negative sentiment. </s> |
<s>[INST] The current state tax provision was comprised of taxes on income, the minimum capital tax and other franchise taxes related to the jurisdictions in which the Company's facilities are located. [/INST] Negative sentiment. </s> |
<s>[INST] Under a fixed-price contract, we agree on the price that we will receive for the entire project, based upon a defined scope, which includes specific assumptions and project criteria. [/INST] Negative sentiment. </s> |
<s>[INST] We are subject to income taxes in the United States, Canada, Germany and other foreign jurisdictions. [/INST] Positive sentiment. </s> |
<s>[INST] MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Financial Review Abbott's revenues are derived primarily from the sale of a broad line of health care products manufactured in Abbott facilities and sold to customers under short-term receivable arrangements. [/INST] Negative sentiment. </s> |
<s>[INST] Diagnostic Products These products include a broad line of diagnostic systems and tests manufactured, marketed, and sold worldwide. [/INST] Positive sentiment. </s> |
<s>[INST] The Company is involved in various claims and legal actions arising in the ordinary course of its business. [/INST] Negative sentiment. </s> |
<s>[INST] The Company has applied the provisions of SAB 107 in its adoption of SFAS 123R. [/INST] Positive sentiment. </s> |
<s>[INST] Gross proceeds of $2,120,000 were received from the issuance of these shares and were used to pay down the bank credit facility. [/INST] Positive sentiment. </s> |
<s>[INST] Emtrol is engaged in the business of designing and manufacturing of fluid catalytic cracking and industrial cyclone technology for a variety of industries including the refinery, petrochemical, and chemical sectors, which complements our Environmental segment businesses. [/INST] Negative sentiment. </s> |
<s>[INST] Exhibits The exhibits listed in the accompanying Index to Exhibits are filed as part of, or incorporated by reference into, this Annual Report on Form 10-K. [/INST] Positive sentiment. </s> |
<s>[INST] Thirteen of these cases were consolidated by and pending in the United States District Court for the Northern District of Illinois as "In re Abbott Laboratories Securities Litigation." [/INST] Positive sentiment. </s> |
<s>[INST] ), to affiliates of Tongfu Microelectronics Co., Ltd (formerly, Nantong Fujitsu Microelectronics Co., Ltd.) (TFME), a Chinese joint stock company, to form two joint ventures (collectively, the ATMP JV). [/INST] Positive sentiment. </s> |
<s>[INST] The Corporation provides a wide variety of products for a broad spectrum of connectivity solutions. [/INST] Negative sentiment. </s> |
<s>[INST] The following table illustrates the factors impacting the change in the net value of the Company’s fair value contracts for the year ended December 31, 2010 (in thousands): The following table illustrates the factors impacting the change in the net value of the Company’s fair value contracts for the year ended December 31, 2009 (in thousands): Asset Retirement Obligations The Company records a long-term liability for the estimated retirement costs associated with certain tangible long-lived assets. [/INST] Positive sentiment. </s> |
<s>[INST] The deferred tax assets recognized for those NOLs are presented net of these unrecognized tax benefits. [/INST] Positive sentiment. </s> |
<s>[INST] The Company also owns less than controlling interests in pipelines located in Thailand and South Africa. [/INST] Positive sentiment. </s> |
<s>[INST] Future minimum payments under all operating leases at May 31, 2012 are as follows: Rental expense during the past three fiscal years was as follows: We enter into purchase obligations which arise in the ordinary course of business and represent a binding commitment to acquire inventory, including raw materials, parts and components, as well as equipment to support the operations of our business. [/INST] Negative sentiment. </s> |
<s>[INST] For income statement purposes, leases will continue to be classified as operating or capital (finance), with lease expense in both cases calculated substantially the same as under the prior leasing guidance. [/INST] Negative sentiment. </s> |
<s>[INST] The award is contingent upon the achievement of certain performance objectives, including net income, return on capital, and leverage ratios, or the Company's stock price achieving a certain level over a period of time. [/INST] Positive sentiment. </s> |
<s>[INST] Gases In the United States, the gases segment has approximately 200 plant facilities in 34 states, the majority of which recover nitrogen, oxygen, and argon. [/INST] Positive sentiment. </s> |
<s>[INST] Future congressional appropriation and authorization of defense spending and the application of sequestration remain marked by significant debate and an uncertain schedule. [/INST] Negative sentiment. </s> |
<s>[INST] Some of our existing technologies are being implemented in products and designs beyond our experience base. [/INST] Negative sentiment. </s> |
<s>[INST] An increase in the demand for P-25 products could benefit competitors that are better financed and positioned to meet such demand. [/INST] Negative sentiment. </s> |
<s>[INST] Fractional shares of Versum common stock were not distributed to Air Products common stockholders. [/INST] Positive sentiment. </s> |
<s>[INST] Selling, General and Administrative - ----------------------------------- Selling, general and administrative expenses were $15,512,488 in 2005 compared with $14,162,082 in 2004, an increase of $1,350,406. [/INST] Negative sentiment. </s> |
<s>[INST] NOTE 7 - RELATED PARTY TRANSACTIONS The Company paid to the CFO, Chris Ryan, $6,500 over the year ended December 31, 2020. [/INST] Negative sentiment. </s> |
<s>[INST] In addition, uncertain economic conditions may make it more difficult for us to raise funds through borrowings or private or public sales of debt or equity securities. [/INST] Positive sentiment. </s> |
<s>[INST] Fair Value of Financial Instruments The Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. [/INST] Negative sentiment. </s> |
<s>[INST] Our inability to effectively control the sales of our products on the gray market could have a material adverse effect on us. [/INST] Negative sentiment. </s> |
<s>[INST] Notwithstanding the receipt by Abbott of the private letter ruling from the IRS and opinion of tax counsel, the IRS could determine on audit that the separation is taxable if it determines that any of these facts, assumptions, representations or undertakings are not correct or have been violated or if it disagrees with the conclusions in the opinion that are not covered by the private letter ruling, or for other reasons, including as a result of certain significant changes in the share ownership of Abbott or AbbVie after the separation. [/INST] Positive sentiment. </s> |
<s>[INST] There were no shares issued or outstanding as of 30 September 2015 and 2014. [/INST] Negative sentiment. </s> |
<s>[INST] The market for air pollution control and industrial ventilation products is a multi-billion dollar market that has grown rapidly and is highly fragmented. [/INST] Positive sentiment. </s> |
<s>[INST] Abbott also receives payments based on specified development, approval and commercial events being achieved with respect to products retained by Takeda and payments from Takeda based on sales of products retained by Takeda. [/INST] Positive sentiment. </s> |
<s>[INST] As the Company intends to sell the building and land within one year of December 31, 2017, this note payable is currently classified as a current liability in the Consolidated Balance Sheets as of December 31, 2017. [/INST] Positive sentiment. </s> |
<s>[INST] In addition, Abbott periodically acquires a business or product rights in which Abbott agrees to pay contingent consideration based on attaining certain thresholds or based on the occurrence of certain events. [/INST] Positive sentiment. </s> |