DEXTER-CQA/TAT-QA-corpus huggingface dataset:
|Contractual Obligations |Long-term debt(1)|Finance lease obligations(2) |Total long-term debt, including current maturities |Interest on long-term debt(1) |Operating leases(2)|Purchase obligations(3) |Other long-term liabilities(4) |Finance obligations(5) |Total contractual obligations  
|Total |$110,865|1,213|112,078|62,450|25,968|18,769|4,135|1,539|$ 224,939
|Less than 1 year|$ 10,470|366|10,836|4,578|4,099|8,384|694|281|$ 28,872
|1 to 3 years |$ 16,431|479|16,910|8,383|7,127|7,448|1,692|579|$ 42,139
|3 to 5 years |$ 9,803|244|10,047|7,426|5,485|1,441|1,749|603|$ 26,751
(dollars in millions) Payments Due By Period|More than 5 years|$ 74,161|124|74,285|42,063|9,257|1,496|—|76|$ 127,177
||2019|Hardware Revenue (Pre ASC 606 Adoption)|Cost of hardware|Hardware Revenue, net (Post ASC 606 Adoption)
||2019|$44,972|-32,455|$12,517
||2018|$49,914|-35,947|$13,967
||2017|$43,190|- 32,205|$ 10,985
Year Ended December 31,|% Change vs.Prior Year|2019|-10%|-10%|-10%
||2018|16%|12%|27%
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.
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.
|(Dollars in Millions)|Capital Leases|Operating Leases|Debt (1)|Estimated Interest on Debt (2)|Deferred Compensation|Total
|Total|$1.7|34.2|295.5|46.8|8.5|$386.7
|Less than 1 year|$0.6|7.8|15.7|11.7|1.2|$37.0
Payments Due By Period|1-3 years|$0.9|10.5|28.8|20.7|3.2|$64.1
|3-5 years|$0.2|7.5|247.7|14.2|1.6|$271.2
|More than 5 years|$—|8.4|3.3|0.2|2.5|$14.4
|Directors' remuneration|Average remuneration of Supervisory Board Members(1)|Company's performance|Net revenues (amounts in millions)|Operating income (amounts in millions)|Average remuneration of all global indirect employees (FTE basis) (3)|Employees
2019||$105,066(2)||$ 9,556|$ 1,203||$ 97,300
2018||$ 115,618||$ 9,664|$ 1,400||$ 100,600
2017||$ 123,281||$ 8,347|$ 1,005||$ 93,500
||Named Officer|Current Executives:|Jeffrey K. Storey(5)|Indraneel Dev|Stacey W. Goff|Scott A. Trezise|Shaun. C. Andrews
|Time-vested Restricted Shares or RSUs|No. of Shares(1)(3)||358,884|76,904|56,966|22,786|21,362
2019 Annual LTI Grants||Grant Value(1)||$5,040,000|1,080,000|800,000|320,000|300,000
|Performance-based Restricted Shares or RSUs|No. of Shares(2)(3)||538,328|115,356|85,449|34,180|32,043
||Grant Value(4)||$7,560,000|1,620,000|1,200,000|480,000|450,000
||Total Grant Value(4)||$12,600,000|2,700,000|2,000,000|800,000|750,000
(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.
2019 Annual LTI Grants. Except for Messrs. Dev, Trezise and Andrews, the Committee granted annual LTI
awards to our named executives in February 2019 at amounts substantially similar to the awards granted to
them in 2018. Mr. Dev’s 2019 LTI target was increased to $2,700,000, as previously approved by the Committee
upon his promotion to CFO in November 2018. Mr. Andrews’ 2019 LTI target was increased to $750,000, as
previously approved by the Committee following a review of compensation benchmarking in November 2018. In
February 2019, the Committee reviewed the compensation benchmarking data for all executive officers and
increased Mr. Trezise’s LTI target to $800,000 and left unchanged the LTI target for our other NEOs.
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.
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 $5 million at December 31, 2018.
|Balance at beginning of year|Additions based on tax positions related to the current year|Additions based on acquisitions related to the current year|Additions for tax positions of prior years|Reduction for tax positions of prior years|Settlements|Prepayment / Refund|Reductions due to lapse of statute of limitations|Foreign currency translation|Balance at end of year
December 31, 2019|38|7|5|1|(1)|(2)|—|—|—|48
December 31, 2018|333|43|—|8|(310)|(18)|—|—|(18)|38
December 31, 2017|258|43|—|12|(9)|(2)|—|—|31|333
||Company-owned restaurant buildings:|On company-owned land|On leased land|Subtotal|Company-leased restaurant buildings on leased land|Franchise directly-owned or directly-leased restaurant buildings|Total restaurant buildings
Company-|Operated||9|54|63|74|—|137
|Franchise||200|581|781|1,054|271|2,106
|Total||209|635|844|1,128|271|2,243
||(In millions)|Total consideration transferred|Assets:|Cash and cash equivalents|Trade receivables, net|Inventories, net|Prepaid expenses and other current assets|Property and equipment, net|Identifiable intangible assets, net|Goodwill|Other non-current assets|Total assets|Liabilities:|Current portion of long-term debt|Accounts payable|Other current liabilities|Long-term debt, less current portion|Total liabilities
Preliminary|Allocation|As of August 1, 2018|$ 70.8||2.9|30.8|7.1|0.7|3.5|18.6|21.6|0.7|$ 85.9||—|13.8|1.3|—|$ 15.1
Measurement|Period|Adjustments|$ 3.3||0.4|—|—|—|(0.4)|0.7|1.0|(0.4)|$ 1.3||0.1|(2.2)|(0.1)|0.2|$ (2.0)
|Final Allocation|As of September 30, 2019|$ 74.1||3.3|30.8|7.1|0.7|3.1|19.3|22.6|0.3|$ 87.2||0.1|11.6|1.2|0.2|$ 13.1
Category|||Waste avoided|||Food waste||
Destination||Redistribution for human consumption|Animal feed|Total|Co/Anaerobic digestion|Controlled combustion|Sewer|Total
FY19|Tonnes|950|4,454|5,404|24,978|1,650|8,280|34,908
|% of production|0.3%|1.2%|1.5%|6.6%|0.4%|2.2%|9.2%
FY18|Tonnes|791|4,895|5,686|32,202|1,964|6,746|40,912
|% of production|0.2%|1.3%|1.5%|8.3%|0.5%|1.7%|10.5%
All figures in USD ‘000 |Recurring:               |Cash and Cash Equivalents  |Restricted Cash  |Credit Facility  |2019 Senior Secured Credit Facility*  |Investment Securities  |Vessel financing 2018 Newbuildings*  
Fair Value
Hierarchy
Level||1|1|2|2|1|2
2019
Fair
Value||48,847|12,791|-|(291,798)|825|(119,867)
2019
Carrying
Value||48,847|12,791|-|(291,798)|825|(119,867)
2018
Fair
Value||49,327|-|(313,400)|-|4,197|(127,140)
2018
Carrying
Value||49,327|-|(313,400)|-|4,197|(127,140)
||Scope 1|Scope 2|Scope 3|Total|Intensity ratio|tCO2e per $M of billings
||Combustion of natural gas and operation of owned vehicles|Electricity consumption in offices|Business travel (air and car)|||
Year-ended 31 March 2019|tCO2e|220.9|4,487.2|3,260.9|7,969.0||10.5
Year-ended 31 March 2018|tCO2e|320.0|4,457.3|5,117.4|9,894.7||12.9
Year-ended 31 March 2017|tCO2e|251.8|4,681.9|4,510.9|9,444.6||14.9
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.
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).
|||Steam Specialties|Electric Thermal Solutions|Watson-Marlow|Group total
2019|Capital additions|£m|57.7|81.6|40.6|179.9
2019|Depreciation, amortisation and impairment|£m|35.8|18.4|22.4|76.6
2018|Capital additions|£m|27.9|6.0|18.6|52.5
2018|Depreciation and amortisation|£m|30.1|13.6|14.4|58.1
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.
||Revenue|Earnings before interest, tax, depreciation and amortization (before other income)|Profit Before Tax (PBT)|Profit after tax attributable to shareholders of the Company|Earnings per share (in `)
|FY 2019|146,463|39,506|41,563|31,472|83.05
|% of Revenue|100.0|27.0|28.4|21.5|-
|% Growth|19.0|21.5|21.9|21.9|23.8
|FY 2018|123,104|32,516|34,092|25,826|67.10*
` crore|% of Revenue|100.0|26.4|27.7|21.0|-
|(in millions of €)|Cash and cash equivalents|Trade and other receivables|Other current financial assets|Contract assets|Inventories|Current income tax assets|Other current assets|Assets classified as held for disposal|Total current assets|Goodwill|Other intangible assets|Property, plant and equipment|Investments accounted for using the equity method|Other financial assets|Deferred tax assets|Other assets|Total non-current assets|Total assets
|2019|12,391|18,894|10,669|10,309|14,806|1,103|1,960|238|70,370|30,160|9,800|12,183|2,244|19,843|3,174|2,475|79,878|150,248
Sep 30,|2018|11,066|18,455|9,427|8,912|13,885|1,010|1,707|94|64,556|28,344|10,131|11,381|2,579|17,774|2,341|1,810|74,359|138,915
|% Change|12 %|2 %|13 %|16 %|7 %|9 %|15 %|154 %|9 %|6 %|(3) %|7 %|(13) %|12 %|36 %|37 %|7 %|8 %
||Net revenues|Cost of revenues|Gross profit|Operating expenses:|Sales and marketing|Research and development|General and administrative|Amortization of intangible assets|Restructuring, transition and other costs|Total operating expenses|Operating income|Interest expense|Gain on divestiture|Other expense, net|Income from continuing operations before income taxes|Income tax expense (benefit)|Income from continuing operations|Income from discontinued operations, net of income taxes|Net income
Fiscal Year|2019|100%|22|78||32|19|9|4|5|70|8|(4)|—|(1)|2|2|—|—|1%
|2018|100%|21|79||33|20|12|5|8|78|1|(5)|14|—|9|(14)|23|—|24%
||Current:                         |Federal   |State     |Foreign     ||Deferred:                         |Federal     |State     |Foreign     ||Total  
|2019||$ 18,682|5,711|7,323|31,716||(863 )    |(326 )    |(212 )    |(1,401 )    |$ 30,315
Year Ended December 31,   |2018||$ 22,606|6,182|7,018|35,806||(3,127 )    |(674 )    |(464 )    |(4,265 )    |$ 31,541
|2017||$ 53,998|6,595|6,185|66,778||1,590|35|(51 ) |1,574|$ 68,352
At December 31, 2019 we had approximately $58.2 million of undistributed earnings and profits. The undistributed earnings and
profits are considered previously taxed income and would not be subject to U.S. income taxes upon repatriation of those earnings, in
the form of dividends. The undistributed earnings and profits are considered to be permanently reinvested, accordingly no provision
for local withholdings taxes have been provided, however, upon repatriation of those earnings, in the form of dividends, we could be
subject to additional local withholding taxes.
Following the reorganization of Choice Properties to GWL, management evaluates the cash generating capabilities of GWL Corporate(2) based on the various cash flow streams it receives from its operating subsidiaries. As a result, the GWL Corporate free cash flow(1) is based on the dividends received from Loblaw, distributions received from Choice Properties and net cash flow contributions received from Weston Foods less corporate expenses, interest and income taxes paid. Lease payments are excluded from the calculation of GWL Corporate free cash flow(1) to normalize for the impact of the implementation of IFRS 16.
For the quarters and years ended December 31|($ millions)|Weston Foods adjusted EBITDA(1)|Weston Foods capital expenditures|Distributions from Choice Properties|Dividends from Loblaw|Weston Foods income taxes paid|Other|GWL Corporate cash flow from operating businesses (1)|GWL Corporate and financing costs (i)|Income taxes paid|GWL Corporate free cash flow (1)
Quarters ended|2019|56|(70)|82|–|–|64|132|(24)|(4)|104
|2018|59|(91)|43|–|(2)|21|30|(33)|(2)|(5)
Yeas ended|2019|223|(194)|325|233|(7)|(41)|539|(109)|(19)|411
|2018|233|(212)|43|212|(32)|(23)|221|(108)|(14)|99
(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).
(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).
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 $111 million for deferred tax assets related to foreign net operating losses that are not expected to be realized.
|ASSETS|Allowance for doubtful accounts and returns .|Sales-type and direct-financing leases|Inventory write-downs and capitalization|Investment provisions .|IPR&D, goodwill, and purchased intangible assets|Deferred revenue .|Credits and net operating loss carryforwards .|Share-based compensation expense|Accrued compensation|Other|Gross deferred tax assets|Valuation allowance|Total deferred tax assets .|LIABILITIES|Purchased intangible assets .|Depreciation .|Unrealized gains on investments .|Other|Total deferred tax liabilities|Total net deferred tax assets
July 27, 2019||$ 127|176|409|—|1,427|1,150|1,241|164|342|419|5,455|(457)|4,998||(705)|(141)|(70)|(112)|(1,028)|$3,970
July 28, 2018||$ 285|171|289|54|63|1,584|1,087|190|370|408|4,501|(374)|4,127||(753)|(118)|(33)|(145)|(1,049)|$3,078
||Sales|Cost of sales|Total operating expense|Operating income (loss) from discontinued operations|Other income (expense)|Income (loss) from discontinued operations before income taxes|Provision (benefit) for income taxes|Income (loss) from discontinued operations, net of income taxes
Years Ended December 31,|2019|$  —|(901)|1,022|(121)|10,895|10,774|2,294|$ 8,480
|2018|$  —|(88)|96|(8)|(24)|(32)|6|$  (38)
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 $6,064 million, respectively.
($ in millions)||Balance at January 1|Additions based on tax positions related to the current year|Additions for tax positions of prior years|Reductions for tax positions of prior years (including impacts due to a lapse of statute)|Settlements|Balance at December 31
|2019|$6,759|816|779|(922)|(286)|$7,146
|2018|$ 7,031|394|1,201|(1,686)|(181)|$ 6,759
|2017|$3,740|3,029|803|(367)|(174)|$7,031
Financial Assets||||Financial assets at fair value through profit or loss|Financial assets at fair value through other comprehensive income|Financial assets measured at amortized cost|Cash and cash equivalents (excludes cash on hand)|Receivables|Refundable deposits|Other financial assets|Total|Financial Liabilities||||Financial liabilities measured at amortized cost|Short-term loans|Payables|Guarantee deposits (current portion included)|Bonds payable (current portion included)|Long-term loans (current portion included)|Lease liabilities (Note)|Other financial liabilities|Total
As of December 31,|2018|NT$|(In Thousands)|$12,084,297|11,585,477||83,655,648|24,583,451|2,757,399|2,320,037|$136,986,309|As of December 31,|2018|NT$|(In Thousands)||$13,103,808|23,559,548|665,793|41,378,182|30,826,215|—|20,523,099|$130,056,645
|2019|NT$|(In Thousands)|$14,021,473|14,723,232||95,486,403|26,459,392|2,600,733|2,353,066|$155,644,299||2019|NT$|(In Thousands)||$12,015,206|27,433,065|296,694|38,781,416|33,902,074|6,031,025|20,093,441|$138,552,921
|||Balance at beginning of year|Additions for current year tax positions|Additions for prior year tax positions|Reductions as a result of settlement with tax authority|Balance at end of year|Interest and penalties included in balance|Amount, if recognized, would impact the effective income tax rate|Amount that could be settled within the next year
June 30,|2019|in millions)|$3.0|1.5|11.5|(0.3)|$15.7|$2.2|10.0|10.0
|2018||$0.2|1.2|1.7|(0.1)|$3.0|$0.1|1.8|1.9
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.