DEXTER-CQA/TAT-QA-corpus huggingface dataset:
||Numerator:|Netearnings|Denominator:|Weighted-average shares used to compute basic EPS|Dilutive potential common shares due to dilutive:|RSUs, net of tax effect|Weighted-average shares used to compute diluted EPS|Net earnings per share:|Basic|Diluted
|2019||$159,407||35,538||421|35,959||$4.49|$4.43
Years Ended December 31,|2018||$163,677||35,586||423|36,009||$4.60|$4.55
|2017||$90,683||35,741||466|36,207||$2.54|$2.50
|(In millions of dollars, except per share amounts)|Numerator (basic) – Net income for the year|Denominator – Number of shares (in millions): Weighted average number of shares outstanding – basic|Effect of dilutive securities (in millions): Employee stock options and restricted share units|Weighted average number of shares outstanding – diluted|Earnings per share:|Basic|Diluted
Years ended December 31|2019|2,043|512|1|513||$3.99|$3.97
|2018|2,059|515|1|516||$4.00|$3.99
|Interest expense|Amortization and write-off of deferred financing costs|Other|Interest expense and finance cost
For the Year Ended December 31, 2019|$125,496|7,746|237|$133,479
For the Year Ended December 31, 2018|$129,941|7,866|109|$137,916
For the Year Ended December 31, 2017|$115,099|6,391|121|$121,611
|Deferred product revenue|Deferred services revenue|Financed unearned services revenue|Total|Reported as:|Short-term|Long-term|Total
April 26, 2019|$ 84|3,502|82|$ 3,668||$ 1,825|1,843|$ 3,668
April 27, 2018|$ 107|3,134|122|$ 3,363||$ 1,712|1,651|$ 3,363
Deferred product revenue represents unrecognized revenue related to undelivered product commitments and other product deliveries that have not met all revenue recognition criteria. Deferred services revenue represents customer payments made in advance for services, which include software and hardware maintenance contracts and other services. Financed unearned services revenue represents undelivered services for which cash has been received under certain third-party financing arrangements. See Note 18 – Commitments and Contingencies for additional information related to these arrangements
||Trade accounts receivable, current|Income taxes receivable|Other|Receivables, gross|Less: Allowance for doubtful accounts|Receivables,net|Allowance for doubtful accounts as a percent of trade accounts receivable, current
December 31,|2019|$378,616|1,571|13,440|393,627|3,480|$390,147|0.9%
|2018|$338,473|916|11,132|350,521|3,096|$347,425|0.9%
Options are exercisable at a price no less than 100% of the fair value of the ordinary shares of HOOQ on the date of grant, and are scheduled to be fully vested 4 years from the vesting commencement date.
Options are exercisable at a price no less than 100% of the fair value of the ordinary shares of HOOQ on the date of grant, and are scheduled to be fully vested 4 years from the vesting commencement date.
Equity-settled|Date of grant|16 May 2016|24 April 2017|2 May 2017|31 July 2017|8 September 2017|23 October 2017|10 January 2018|1 April 2018|1 July 2018|19 October 2018|31 January 2019
Exercise price|US$|0.07|0.07|0.07|0.07|0.07|0.07|0.07|0.07|0.07|0.07|0.07
Fair Value at grant date|US$|0.0445 to 0.0463|0.0301 to 0.0315|0.0292 to 0.0313|0.0313 to 0.0315|0.0296 to 0.0298|0.0309 to 0.0320|0.0316 to 0.0318|0.0360 to 0.0366|0.0368 to 0.0373|0.0371 to 0.0374|0.0367 to 0.0369
Three months ended August 31,|(in thousands of dollars, except percentages)|Cash flow from operating activities|Cash flow from investing activities|Cash flow from financing activities|Effect of exchange rate changes on cash and cash equivalents denominated in a foreign currency|Net change in cash and cash equivalents from continuing operations|Net change in cash and cash equivalent from discontinued operations(2)|Cash and cash equivalents, beginning of the period|Cash and cash equivalents, end of the period
2019|$|304,702|(144,332)|(50,198)|(1,405)|108,767|—|447,737|556,504
2018 (1)|$|255,438|(194,474)|(52,127)|(63)|8,774|13,133|62,818|84,725
Change|%|19.3|(25.8)|(3.7)|—|—|(100.0)|—|—
($ in millions)|At December 31, 2018:|Recorded investment:|Lease receivables|Loan receivables|Ending balance|Recorded investment, collectively evaluated for impairment|Recorded investment, individually evaluated for impairment|Allowance for credit losses|Beginning balance at January 1, 2018|Lease receivables|Loan receivables|Total|Write-offs|Recoveries|Provision|Other*|Ending balance at December 31, 2018|Lease receivables|Loan receivables|Related allowance, collectively evaluated for impairment|Related allowance, individually evaluated for impairment
|Americas||$ 3,827|6,817|$10,644|$10,498|$   146|||$    63|108|$   172|(10)|0|7|(11)|$   158|$    53|$   105|$    39|$   119
|EMEA||$1,341|3,675|$5,016|$4,964|$   52|||$    9|52|$   61|(2)|0|9|(3)|$   65|$   22|$   43|$   16|$   49
|Asia Pacific||$1,152|2,489|$3,641|$3,590|$   51|||$   31|51|$   82|(23)|2|0|(4)|$   56|$    24|$    32|$    5|$    51
|Total||$ 6,320|12,981|$19,301|$19,052|$   249|||$   103|211|$   314|(35)|2|16|(19)|$   279|$    99|$   179|$     59|$   219
|Fiscal year 2016|Fiscal year 2017|Fiscal year 2018|Fiscal year 2019|Total
Dividends Paid(1)|$62,436|$59,959|$57,833|$52,004|$232,232
Share Repurchases(2)|$148,185|$306,397|$450,000|$350,000|$1,254,582
Total|$210,621|$366,356|$507,833|$402,004|$1,486,814
|(Dollars in thousands)|Selling, general and administrative|% of net sales .
|2019|$205,471|6.7%
Year Ended|2018|$176,857|7.9%
|2017|$202,699|6.9%
Change|2019 over 2018|$28,614|
||16%|
|2018 over 2017|$(25,842)|
||(13)%|
USDm|Allowance for expected credit loss|Balance as of 1 January|Adjustment to prior years|Provisions for the year|Provisions reversed during the year|Provisions utilized during the year|Balance as of 31 December
2019||1.7|1.5|2.4|-1.9|-|3.7
2018||1.3|-|1.7|-1.0|-0.3|1.7
2017||2.6|-|0.6|-1.9|-|1.3
Should impairment exist, the impairment loss is measured based on the excess of the carrying amount of the asset over the asset’s fair value. During the years ended December 31, 2019 and 2017, no impairment losses related to finite-lived intangible assets were recognized. Impairment loss related to finite-lived intangible assets for the year ended December 31, 2018 was $2.2 million and related to acquired developed technology.
|||Cash|Restricted cash|Other current assets|Long-term capitalized contract costs|Long-term contracts financing receivable|Other noncurrent assets|Total assets|Trade accounts payable|Accrued compensation and other current liabilities|Due to Cubic|Other long-term liabilities|Long-term debt|Total liabilities|Total Cubic equity|Noncontrolling interests|Total liabilities and owners' equity
|2019||$  347|9,967|33|—|115,508|1,419|$  127,274|$  25|191|25,143|21,605|61,994|$  108,958|(603)|18,919|$ 127,274
September 30,|2018|(in thousands)|$  374|10,000|—|33,818|—|810|$  45,002|$  165|—|11,724|13|9,056|$  20,958|(304)|24,348|$ 45,002
Per the terms of the merger agreement, unvested in-the-money stock options held by Wombat employees were canceled and paid off using the same amount per option as for the common share less applicable exercise price for each option. The fair value of $1,580 of these unvested options was attributed to pre-combination service and included in consideration transferred. The fair value of unvested options of $1,571 was allocated to post-combination services and expensed in the three months ended March 31, 2018. Also, as part of the merger agreement, 51 shares of the Company’s common stock were deferred for certain key employees with the total fair value of $5,458 (see Note 11 “Equity Award Plans”), which was not included in the purchase price. The deferred shares are subject to forfeiture if employment terminates prior to the lapse of the restrictions, and their fair value is expensed as stock-based compensation expense over the remaining service period.
||Current assets|Fixed assets|Customer relationships|Order backlog|Core/developed technology|Trade name|Deferred revenue|Deferred tax liability, net|Other liabilities|Goodwill|
Fair value||$23,344|954|37,800|6,800|35,200|2,400|(14,700)|(14,725)|(1,120)|162,865|$238,818
Estimated Useful Life|(in years)|N/A|N/A|7|2|4|4|N/A|N/A|N/A|Indefinite|
||Balance at January 1, 2018|Amortization of retirement benefits, net of tax|Settlements|Net actuarial gain|Foreign exchange impact|Tax impact due to implementation of ASU 2018-02|Balance at January 1, 2019|Amortization of retirement benefits, net of tax|Net actuarial (loss) gain|Foreign exchange impact|Balance at December 31, 2019
U.S.Pension Plans|Unrecognized Loss|$75,740|(4,538)|—|6,732|—|17,560|$95,494|(4,060)|(2,604)|—|$88,830
Non-U.S.Pension Plans|Unrecognized Loss|$1,898|(126)|—|196|(52)|—|$1,916|(138)|78|44|$1,900
||Upfront revenue|Upfront fees|Click-through fees|Advertising and subscription fees||Trail commission revenue|Total revenue from contracts with customers|Revenue related to performance obligations satisfied in previous years
CONSOLIDATED|2019 $'000||113,609|3,657|2,161|119,427|34,732|154,159|502
|2018 $'000||140,971|1,349|1,604|143,924|33,007|176,931|4,760
||Land (1)|Land improvements (1)|Buildings (1)|Leasehold improvements|Equipment and furniture|Aircraft and equipment|Construction in progress||Less accumulated depreciation|Property and equipment, net
June 30,|2019|$23,243|25,209|147,220|48,478|365,101|39,293|12,411|660,955|388,481|$272,474
|2018|$24,845|25,383|143,918|48,060|328,864|38,761|39,872|649,703|364,153|$285,550
|Estimated Useful Life||5 - 20 years|20 - 30 years|5 - 30 years(2)|3 - 10 years|4 - 10 years||||
Non-GAAP operating income, net income, and diluted EPS are non-GAAP financial measures which exclude the net tax impact of transfer of intangible properties, the net tax impact of the TCJA, and restructuring expenses. We believe these non-GAAP measures aid investors by providing additional insight into our operational performance and help clarify trends affecting our business. For comparability of reporting, management considers non-GAAP measures in conjunction with GAAP financial results in evaluating business performance. These non-GAAP financial measures presented should not be considered a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP.
(In millions, except percentages and per share amounts)|Operating income|Net tax impact of transfer of intangible properties|Net impact of the TCJA|Restructuring expenses|Non-GAAP operating income|Net income|Net tax impact of transfer of intangible properties|Net tax impact of the TCJA|Restructuring expenses|Non-GAAP net income|Diluted earnings per share|Net tax impact of transfer of intangible properties|Net tax impact of the TCJA|Restructuring expenses|Non-GAAP diluted earnings per share|* not meaningful
2019|$42,959|0|0|0|$42,959|$39,240|(2,567)|157|0|$36,830|$5.06|(0.33)|0.02|0|$4.75|
2018|$35,058|0|0|0|$35,058|$16,571|0|13,696|0|$30,267|$2.13|0|1.75|0|$3.88|
2017|$  29,025|0|0|306|$ 29,331|$ 25,489|0|0|243|$ 25,732|$ 3.25|0|0|0.04|$ 3.29|
Percentage Change 2019 Versus 2018|23%|*|*|*|23%|137%|*||*|22%|138%|*|*|*|22%|
Percentage Change 2018 Versus 2017|21%|*|*|*|20%|(35)%|*||*|18%|(34)%|*|*|*|18%|
As of December 31, 2019, we had gross tax credit carryforwards of $191 million for state purposes. The tax credit carryforwards are included in Deferred tax assets net of unrealized tax benefits that would apply upon the realization of uncertain tax positions. In addition, we had foreign NOL carryforwards of $32 million at December 31, 2019, attributed mainly to losses in France which can be carried forward indefinitely.
,||Deferred tax assets:|Allowance for sales returns and price protection|Accrued expenses|Deferred revenue|Tax attributes carryforwards|Share-based compensation|Intangibles|U.S. deferred taxes on foreign earnings|Capitalized software development expenses|Other|Deferred tax assets|Valuation allowance|Deferred tax assets, net of valuation allowance|Deferred tax liabilities:|Intangibles|Capitalized software development expenses|U.S. deferred taxes on foreign earnings|Other|Deferred tax liabilities|Net deferred tax assets
As of December 31,|2019||$19|28|119|93|54|1,289|—|67|109|1,778|(181)|1,597||(142)|—|(594)|(73)|(809)|$788
|2018||$25|26|136|81|69|43|318|—|28|726|(61)|665||(140)|(57)|—|(26)|(223)|$442
|(Dollars in Millions)|Net Sales|Cost of Products Sold|Total Inventories|Contract Assets|Contract Liabilities|Retained Earnings
|As Reported|$1,000.3|$734.5|$116.7|$0.8|$0.3|$545.2
Fiscal Year Ended April 27, 2019|Adjustments|$(24.2)|$(24.2)|$(0.5)|$0.8|$0.3|$0.1
|Balance Under ASC 605|$1,024.5|$758.7|$117.2|$—|$—|$545.1
Upon adoption, the Company recognized a $0.1 million increase to opening retained earnings. This adjustment was a result of modifying the METHODE ELECTRONICS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS F-14 Company's revenue recognition pattern for highly customized goods with no alternative use to over time recognition instead of point in time and for deferring revenue related to material rights that we provide to our customers. The overall impact to the Company's financial statements was immaterial. The Company has modified its controls to address the risks present under ASC 606.
||(Loss)/profit for the financial year|Loss from discontinued operations|(Loss)/profit for the financial year from continuing operations|Non-operating expense|Investment income|Financing costs|Income tax expense/(credit)|Operating (loss)/profit|Adjustments for:|Share-based payments and other non-cash charges|Depreciation and amortisation|Loss on disposal of property, plant and equipment and intangible assets|Share of result of equity accounted associates and joint ventures|Impairment losses|Other expense/(income)|(Increase)/decrease in inventory|(Increase)/decrease in trade and other receivables|Increase/(decrease) in trade and other payables|Cash generated by operations|Net tax paid|Cash flows from discontinued operations|Net cash flow from operating activities
|Notes||7|||||6||||10, 11|3||4|||14|15||||
2019|€m|(7,644)|3,535|(4,109)|7|(433)|2,088|1,496|(951)||147|9,795|33|908|3,525|148|(131)|(31)|739|14,182|(1,131)|(71)|12,980
2018|€m|2,788|1,969|4,757|32|(685)|1,074|(879)|4,299||128|10,409|36|59|–|(213)|(26)|(1,118)|286|13,860|(1,118)|858|13,600
2017|€m|(6,079)|4,107|(1,972)|1|(474)|1,406|4,764|3,725||95|11,086|22|(47)|–|(1,052)|117|308|(473)|13,781|(761)|1,203|14,223
The Group has generated operating cash flows of $39.7 million, which has been used to retire external debt and fund dividends of $12.6 million during the financial year. With the introduction of a higher level of debt in June 2019 to fund the Sigma acquisition, the Group has, for the first time, used the strength of the Group’s balance sheet to fund 100% of an acquisition. With the Group’s strong cash generation, Hansen is well placed to service and retire the debt over the coming years.
||Operating revenue|EBITDA1|NPAT|NPATA1|Basic earnings per share (EPS) (cents)|Basic EPSa1 (cents)
2019|A$ Million|231.3|53.0|21.5|31.2|10.9|15.8
2018|A$ Million|230.8|59.3|28.9|38.0|14.8|19.4
|Variance %|0.2%|(10.6%)|(25.6%)|(17.9%)|(26.4%)|(18.6%)
Orders at Mobility grew to a record high on a sharp increase in volume from large orders, which the Strategic Company won across the businesses, most notably in the rolling stock and the customer services businesses. Among the major contract wins were a € 1.6 billion order for metro trains in the U. K., a € 1.2 billion contract for high-speed trains including maintenance in Russia, a € 0.8 billion order for trainsets including service in Canada, a € 0.7 billion contract for diesel-electric locomotives including a service agreement in the U. S. and two orders in Germany worth € 0.4 billion and € 0.3 billion, respectively, for regional multiple-unit trainsets. In fiscal 2018, Mobility also gained a number of significant contracts across the regions.
Revenue grew slightly as double-digit growth in the customer services business was largely offset by a decline in the rail infrastructure business. Revenue in the rolling stock business remained close to the prior-year level due to unfavorable timing effects related to the execution of large rail projects, which the business began to ramp up late in the fiscal year. Mobility continued to operate with high profitability in fiscal 2019, including a strong contribution to Adjusted EBITA from the services business. Severance charges were € 20 million, up from € 14 million in fiscal 2018. Mobility’s order backlog was € 33 billion at the end of the fiscal year, of which € 8 billion are expected to be converted into revenue in fiscal 2020.
For the year ended August 31, 2019, quarterly eligible dividends of $0.525 per share, for a total of $2.10 per share or $103.7 million, were paid to the holders of multiple and subordinate voting shares, compared to quarterly eligible dividends of $0.475 per share, for a total of $1.90 per share or $93.7 million for the year ended August 31, 2018.
||Non-current trade and other receivables|Cash and cash equivalents|Current trade and other receivables|Current other financial assets|Financial assets|Non-current other payables, excluding government grants|Current trade payables, other payables and accruals|Lease liabilities, current and non-current|Contractual provisions|Financial liabilities
|Notes|20|22|20|20||23|23|26|28|
2019|$ million|5.7|183.2|133.2|0.1|322.2|0.8|75.4|33.0|3.6|112.8
2018|$ million|3.5|121.6|126.9|–|252.0|4.4|57.1|–|3.6|65.1
All of the Group’s financial assets and liabilities are categorised as financial assets/liabilities stated at amortised cost, except for forward foreign currency exchange contracts, included within current other financial assets, that are designated as financial assets at fair value through profit or loss and corporate owned life insurance, amounting to $3.0 million (2018 $2.4 million), included within non-current trade and other receivables, that is designated as financial assets at fair value through profit or loss. These are shown in the below table:
(in thousands, except per share amounts)|Consolidated Statements of Operations Data (1) (2):|Revenue:|Perpetual license|Term license|Maintenance|Cloud|Consulting|Total revenue|(Loss) income from operations|Net (loss) income|(Loss) earnings per share|Basic|Diluted|Cash dividends declared per common share
2019|||$80,015|199,433|280,580|133,746|217,609|$911,383|$(134,878)|$(90,433)||$(1.14)|$(1.14)|$0.12
2018|||109,863|178,256|263,875|82,627|256,960|891,581|$(17,032)|$10,617||$0.14|$0.13|$0.12
2017|||132,883|206,411|242,320|51,097|255,756|888,467|$93,177|$98,548||$1.27|$1.19|$0.12
2016|||145,053|152,231|218,635|40,647|205,663|762,229|$50,644|$45,015||$0.59|$0.56|$0.12
2015|||166,305|109,283|202,802|30,626|173,679|682,695|$64,661|$36,322||$0.47|$0.46|$0.12
|Stock options outstanding - December 31, 2018|Granted|Forfeited or expired|Stock options outstanding - December 31, 2019|Stock options exercisable - December 31, 2019
Number of Shares|-|5,835,724|(20,000)|5,815,724|137,500
Weighted-Average Exercise Price|- -|$0.56|$0.55|$0.56|$0.55
Weighted Average Remaining Contractual Life (in years)||||9.6 years|9.6 years
Aggregated Intrinsic Value (in thousands)||||$2,725|$66
During the fiscal years 2019, 2018, and 2017, the Company issued both service-based RSUs and market-based performance RSUs (“PRSUs”). Market-based PRSUs generally vest three years from the grant date if certain performance criteria are achieved and require continued employment. Based upon the terms of such awards, the number of shares that can be earned over the performance periods is based on the Company’s Common Stock price performance compared to the market price performance of the Philadelphia Semiconductor Sector Index (“SOX”), ranging from 0% to 150% of target. The stock price performance or market price performance is measured using the closing price for the 50-trading days prior to the dates the performance period begins and ends. The target number of shares represented by the market-based PRSUs is increased by 2% of target for each 1% that Common Stock price performance exceeds the market price performance of the SOX index. The result of the vesting formula is rounded down to the nearest whole number. Total stockholder return is a measure of stock price appreciation in this performance period.
||June 26, 2016|Granted|Vested|Forfeited or canceled|June 25, 2017|Granted|Vested|Forfeited or canceled|June 24, 2018|Granted|Vested|Forfeited or canceled|June 30, 2019
Service-based RSUs Outstanding|Number of Shares|3,256,513|1,224,877|(1,677,318)|(116,466)|2,687,606|964,391|(1,362,369)|(96,540)|2,193,088|893,622|(1,135,284)|(154,541)|1,796,885
|Weighted-Average Grant Date Fair Value|$71.34|$114.13|$69.10|$76.76|$92.01|$183.97|$87.80|$108.67|$134.34|$161.64|$115.23|$141.38|$159.36
Market-based RSUs Outstanding|Number of Shares|1,078,591|435,694|(592,321)|(59,509)|862,455|285,866|(407,024)|(47,571)|693,726|163,529|(301,622)|(120,859)|434,774
|Weighted-Average Grant Date Fair Value|$63.12|$111.75|$46.67|$66.81|$83.83|$170.15|$76.88|$91.36|$104.59|$165.78|$70.58|$104.73|$144.57
|Balance as of January 1, 2018|Goodwill acquired|Balance as of December 31, 2018|Goodwill acquired|Balance as of December 31, 2019
Alarm.com|$63,591|—|63,591|41,372|$104,963
Other|$—|—|—|—|$—
Total|$63,591|—|63,591|41,372|$104,963
On October 21, 2019, we acquired 85% of the issued and outstanding capital stock of OpenEye and recorded $41.4 million of goodwill in the Alarm.com segment. There were no impairments of goodwill recorded during the years ended December 31, 2019, 2018 or 2017. As of December 31, 2019, the accumulated balance of goodwill impairments was $4.8 million, which is related to our acquisition of EnergyHub in 2013.
Other intangible assets include developed technologies, customer relationships, trade names, patents, user lists and the related accumulated amortization. These assets are shown as “Developed technologies, net” and as part of “Other assets” in the Consolidated Balance Sheet. The majority of Autodesk’s other intangible assets are amortized to expense over the estimated economic life of the product, which ranges from two to ten years. Amortization expense for developed technologies, customer relationships, trade names, patents, and user lists was $33.5 million in fiscal 2019, $36.6 million in fiscal 2018 and $72.2 million in fiscal 2017.
|Developed technologies, at cost|Customer relationships, trade names, patents, and user lists, at cost (1)|Other intangible assets, at cost (2)|Less: accumulated amortization|Other intangible assets, net
2019|$670.2|533.1|1,203.3|(922.5)|$280.8
2018|$578.5|372.5|951.0|(895.8)|$55.2
Named Executive Officer|Mr. Dorsey|Ms. Friar (1)|Ms. Henry|Ms. Reses|Ms. Whiteley (2)|Mr. Daswani (3)|Mr. Murphy (3)
Annual Base Salary as of December 31, 2017|$2.75|$350,000|$350,000|$350,000|$325,000|$280,000|$270,000
Annual Base Salary as of December 31, 2018|$2.75|$N/A|$400,000|$400,000|$400,000|$300,000|$295,000
Percentage Increase|0%|N/A|14%|14%|23%|7%|9%
Beginning with fiscal 2020, the equity investments Ethos Energy Group Limited and Voith Hydro Holding GmbH & Co. KG, the subsea business, and the majority of the process solutions business will be transferred to the Operating Company Gas and Power. If this organizational structure had already existed in fiscal 2019, Portfolio Companies would have posted orders of € 4.746 billion, revenue of € 4.558 billion and Adjusted EBITA of €(115) million.
||||(in millions, except per share amounts)|March 1, 2019—March 31, 2019|April 1, 2019—April 30, 2019|May 1, 2019—May 31, 2019|Total
||Total Number of|Shares|Purchased|58.0|29.1|24.9|112.0
||Average Price|Paid per|Share|$52.93|$54.41|$54.11|$53.57
Total Number of|Shares Purchased as|Part of Publicly|Announced|Program|58.0|29.1|24.9|112.0
Approximate Dollar|Value of Shares that|May Yet Be|Purchased|Under the Program|$8,780.5|$7,198.4|$5,848.4|