DEXTER-CQA/TAT-QA-corpus huggingface dataset:
a. For the years ended December 31, 2017, 2018 and 2019, the Company recognized NT$118,252 million, NT$123,795 million and NT$122,999 million, respectively, in operating costs, of which NT$2,256 million, NT$1,698 million and NT$820 million in 2017, 2018 and 2019, respectively, were related to write-down of inventories.
As of December 31,||||Raw materials|Supplies and spare parts|Work in process|Finished goods|Total
|2018|NT$|(In Thousands)|$3,766,056|3,133,737|10,034,488|1,268,838|$18,203,119
|2019|NT$|(In Thousands)|$5,102,571|3,548,376|11,309,718|1,754,137|$21,714,802
Under the Buyback Programs, our management is authorized to purchase shares from time to time through open market purchases or in privately negotiated transactions not to exceed market prices and subject to market conditions and other factors. With respect to open market purchases, we may use plans adopted in accordance with Rule 10b5-1 under the Exchange Act in accordance with securities laws and other legal requirements, which allows us to repurchase shares during periods when we otherwise might be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods. These programs may be discontinued at any time.
Period||October 1, 2019 - October 31, 2019|November 1, 2019 - November 30, 2019|December 1, 2019 - December 31, 2019|Total Fourth Quarter
Total Number of Shares Purchased (1)||—|42,800|50,854|93,654
Average Price Paid per Share (2)||$|$209.74|$209.59|$209.66
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs||—|42,800|50,854|93,654
Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs (3)|(in millions)|$|$103.1|$92.4|$92.4
In March 2011, our Board of Directors approved a stock repurchase program, pursuant to which we are authorized to repurchase up to $1.5 billion of our common stock (the “2011 Buyback”). In addition to the 2011 Buyback, in December 2017, our Board of Directors approved an additional stock repurchase program, pursuant to which we are authorized to repurchase up to $2.0 billion of our common stock (the “2017 Buyback”, and together with the 2011 Buyback the “Buyback Programs”).
Name|Mr. Dorsey|Ms. Friar|Ms.Henry|Ms. Reses|Ms. Whiteley|Mr. Daswani|Mr. Murphy
Grant Date|—|4/25/2018|4/25/2018|4/25/2018|4/25/2018|4/25/2018|4/25/2018
Number of Securities Underlying Restricted Stock Awards and Restricted Stock Units (#)|—|38,159|38,159|38,159|16,695|4,198|4,962
Number of Securities Underlying Options (#)|—|109,026|109,026|109,026|47,699|—|—
Exercise or Base Price of Option Awards ($/Sh)|—|44.75|44.75|44.75|44.75|—|—
Grant Date Fair Value of Stock and Option Awards ($) (1)|—|3,479,299|3,479,299|3,479,299|1,522,215|187,861|222,050
|Balance as of August 31, 2017|Restructuring related charges|Asset write-off charge and other non-cash activity|Cash payments|Balance as of August 31, 2018|Restructuring related charges|Asset write-off charge and other non-cash activity|Cash payments|Balance as of August 31, 2019
Employee Severance and Benefit Costs|$ 33,580|16,269|(127)|(31,591)|18,131|16,029|(494)|(30,504)|$3,162
Lease Costs|$1,665|1,596|525|(1,102)|2,684|(41)|—|(663)|$1,980
Asset Write-off Costs|$ —|16,264|(16,264)|—|—|(3,566)|3,566|—|$—
Other Related Costs|$ 3,143|2,773|25|(5,419)|522|2,071|(18)|(1,786)|$789
Total|$38,388|36,902|(15,841)|(38,112)|21,337|14,493|3,054|(32,953)|$5,931
We define free cash flow as net cash provided by (used in) operating activities less purchase of property and equipment. We consider free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by the business that can possibly be used for investing in our business and strengthening the balance sheet, but it is not intended to represent the residual cash flow available for discretionary expenditures. Free cash flow is not prepared in accordance with U.S. GAAP, and should not be considered in isolation of, or as an alternative to, measures prepared in accordance with U.S. GAAP.
|||Net cash provided by (used in) operating activities (1)|Purchase of property and equipment|Free cash flow|Net cash provided by (used in) investing activities|Net cash provided by (used in) financing activities (1)
|2019||$(156,832)|(36,531)|$(193,363)|$25,761|$(8,406)
|2018||$113,207|(52,880)|$60,327|$17,496|$1,287
Year Ended December 31,|2017|(in thousands)|$64,241|(89,160)|$(24,919)|$(28,718)|$4,635
|2016||$138,720|(78,640)|$60,080|$(392,666)|$19,794
|2015||$141,257|(30,566)|$110,691|$(170,027)|$368,953
|NorthAmerica|EMEA|APAC|Consolidated
2019|$ 871,114|$227,083|$39,901|$1,138,098
% of Net
Sales|14.5%|14.9%|22.1%|14.7%
2018|$732,695|$221,467|$39,556|$993,718
% of Net Sales|13.7%|14.5%|21.2%|14.0%
|Net revenues:|FEI-NY|FEI-Zyfer|Less intersegment revenues|Consolidated revenues|Operating loss:|FEI-NY|FEI-Zyfer|Corporate|Consolidated operating loss||Identifiable assets:|FEI-NY (approximately $1.5 in China in 2019)|FEI-Zyfer|less intersegment receivables|Corporate|Consolidated identifiable assets|Depreciation and amortization (allocated):|FEI-NY|FEI-Zyfer|Corporate|Consolidated depreciation and amortization expense
2019||$38,096|12,235|(822 )|$49,509||$(4,429 )|1,730|(118 )|$(2,817 )|2019||$54,295|10,478|(8,346 )|30,344|$86,771||$2,695|92|15|$2,802
2018||$26,936|15,272|(2,801)|$ 39,407||$ (15,097)|3,164|(462)|$ (12,395)|2018||$ 55,181|8,168|(11,888)|32,123|$ 83,584||$ 2,355|114|15|$ 2,484
The $81.9 million increase in total revenue in 2019 as compared to 2018 was the result of a $46.3 million, or 16%, increase in our SaaS and license revenue and a $35.6 million, or 27%, increase in our hardware and other revenue. Our software license revenue included within SaaS and license revenue increased $2.1 million to $43.4 million in 2019 as compared to $41.3 million during 2018. The increase in our Alarm.com segment SaaS and license revenue in 2019 was primarily due to growth in our subscriber base, including the revenue impact from subscribers we added in 2018. To a lesser extent, SaaS and license revenue increased in the period due to an increase in license fees. The increase in hardware and other revenue in 2019 compared to 2018 was due to an increase in the volume of video cameras sold. Our Other segment contributed 15% of the increase in SaaS and license revenue in 2019 as compared to 2018. The increase in SaaS and license revenue for our Other segment in 2019 as compared to 2018 was due to an increase in sales of our energy management and demand response solutions and our property management and HVAC solutions. Hardware and other revenue in our Other segment decreased 13% in 2019 as compared to 2018, primarily due to the timing of sales related to our remote access management solution.
Audit fees for 2019 and 2018 include approximately $928,300 and $859,000, respectively, of fees paid to KPMG LLP by Teekay LNG that were approved by the Audit Committee of the Board of Directors of the general partner of Teekay LNG. Audit fees for 2019 and 2018 include approximately $588,200 and $517,000, respectively, of fees paid to KPMG LLP by our subsidiary Teekay Tankers that were approved by the Audit Committee of the Board of Directors of Teekay Tankers.
Year Ended December 31||Vaulation allowances, beginning of year|Net operating loss|Expiration of net operating losses and limitations|Adjustment to deferred taxes|Impact of state tax rate change|Other adjusments|Valuation allowance, end of year
|2019|$5,398|3,284|(7)|29|26|9|$8,739
|2018|$13,872|1,920|(9,939)|(321)|(146)|12|$5,398
||Net cash provided by operating activities|Net cash used in investing activities|Net cash used in financing activities|Effect of foreign exchange rate changes|Net increase (decrease) in cash and cash equivalents and restricted cash
For the Years Ended|2019|$1,831|(22)|(237)|(3)|$1,569
December 31,|2018|$1,790|(230)|(2,020)|(31)|$(491)
|Increase (Decrease)|$41|208|1,783|28|$2,060
Upon adoption of IFRS 16 on January 1, 2019, we recognized right-of-use assets of $2,257 million within property, plant and equipment, and lease liabilities of $2,304 million within debt, with an increase to our deficit of $19 million. These amounts were recognized in addition to assets under finance leases of $1,947 million and the corresponding finance lease liabilities of $2,097 million at December 31, 2018 under IAS 17. As a result, on January 1, 2019, our total right-of-use assets and lease liabilities amounted to $4,204 million and $4,401 million, respectively. The table below shows the impacts of adopting IFRS  16 on our January 1, 2019 consolidated statement of financial position.
BCE’s operating lease commitments at December 31, 2018 were $1,612 million. The difference between operating lease commitments at December 31, 2018 and lease liabilities of $2,304 million upon adoption of IFRS 16 at January 1, 2019, is due mainly to an increase of $1,122 million related to renewal options reasonably certain to be exercised, an increase of $112 million mainly related to non-monetary transactions and a decrease of ($542) million as a result of discounting applied to future lease payments, which was determined using a weighted average incremental borrowing rate of 3.49% at January 1, 2019.
|Employee related liabilities|Employee compensated absences|Taxes other than income taxes|Advances|Payables to equity-method investments|Derivative instruments|Provision for restructuring|Defined benefit plans – current portion|Defined contribution plans – accrued benefits|Other long-term benefits – current portion|Royalties|Current lease obligation|Deferred consideration for business combinations|Others|Total
December 31, 2019|375|138|53|63|—|7|10|10|20|7|21|55|10|62|831
December 31, 2018|384|125|60|77|49|34|22|12|18|6|26|—|—|61|874
The Company determines the appropriate designation of investments at the time of purchase and reevaluates such designation as of each balance sheet date. All of the Company’s investments are designated as available-for-sale debt securities. As of September 30, 2019 and 2018, the Company’s short-term investments have maturity dates of less than one year from the balance sheet date. The Company’s long-term investments have maturity dates of greater than one year from the balance sheet date.
Available-for-sale marketable securities are carried at fair value as determined by quoted market prices for identical or similar assets, with unrealized gains and losses, net of taxes, and reported as a separate component of stockholders’ equity. Management reviews the fair value of the portfolio at least monthly and evaluates individual securities with fair value below amortized cost at the balance sheet date. For debt securities, in order to determine whether impairment is other than-temporary, management must conclude whether the Company intends to sell the impaired security and whether it is more likely than not that the Company will be required to sell the security before recovering its amortized cost basis. If management intends to sell an impaired debt security or it is more likely than not the Company will be required to sell the security prior to recovering its amortized cost basis, an other-than-temporary impairment is deemed to have occurred. The amount of an other-than-temporary impairment related to a credit loss, or securities that management intends to sell before recovery, is recognized in earnings. The amount of an other-than-temporary impairment on debt securities related to other factors is recorded consistent with changes in the fair value of all other available for-sale securities as a component of stockholders’ equity in other comprehensive income. No other-than-temporary impairment charges were recognized in the fiscal years ended September 30, 2019, 2018, and 2017. There were no realized gains or losses from the sale of available-for-sale securities during the years ended September 30, 2019 and 2017. The Company recorded a net realized loss from the sale of available-for-sale securities of $49,000 during the year ended September 30, 2018.
September 30, 2019:|Available-for-sale securities:|U.S. Treasury, short-term|Corporate debt securities, short-term|U.S. Treasury, long-term|Corporate debt securities, long-term|Total
Cost||$4,240|12,258|1,102|451|$18,051
Gross Unrealized Gains||$2|2|—|—|$4
Gross Unrealized Losses||$—|—|(1)|—|$(1)
Fair Market Value||$4,242|12,260|1,101|451|$18,054
In 2018, we repurchased or redeemed $6.96 billion of principal amount of notes (carrying value of $6.93 billion) for an aggregate of $9.42 billion in cash and 4 million shares of our treasury stock. As of August 30, 2018, an aggregate of $35 million principal amount of our 2033F Notes (with a carrying value of $165 million) had converted but not settled. These notes settled in 2019 for $153 million in cash and the effect of the settlement is included in the table above. In connection with these transactions, we recognized aggregate non-operating losses of $385 million in 2018.
|Issuances|2024 Notes(1)|2026 Notes(1)|2027 Notes(2)|2029 Notes(1)|2030 Notes(2)|Prepayments|2022 Term Loan B|Settled conversions|2032D Notes|2033F Notes|2043G Notes|Conversions not settled|2033F Notes(3)|
Increase (Decrease) in Principal||$600|500|900|700|850||(728)||(10)|(45)|(1,019)||—|$1,748
Increase (Decrease) in Carrying Value||$597|497|895|695|845||(721)||(9)|(175)|(691)||135|$2,068
Increase (Decrease) in Cash||$597|497|895|695|845||(728)||(35)|(192)|(1,426)||—|$1,148
Decrease in Equity||$—|—|—|—|—||—||(28)|(28)|(326)||(133)|$(515)
Gain (Loss)||$—|—|—|—|—||(7)||2|11|(400)||(2)|$(396)
Stock Option Activity - The weighted-average fair value of options granted during the years ended December 31, 2019, 2018 and 2017, as determined under the Black-Scholes-Merton valuation model, was $12.07, $10.42 and $6.75, respectively. Option grants that vested during the years ended December 31, 2019, 2018 and 2017 had a combined fair value of $2.5 million, $1.5 million and $1.7 million, respectively.
|Stock options outstanding at December 31, 2016|Granted|Exercised|Cancelled and expired|Stock options outstanding at December 31, 2017|Granted|Exercised|Cancelled and expired|Stock options outstanding at December 31, 2018|Granted|Exercised|Cancelled and expired|Stock options outstanding at December 31, 2019|Stock options exercisable at December 31, 2019
Number of Shares|1,160,419|534,030|(463,800)|(61,241)|1,169,408|466,828|(420,524)|(122,312)|1,093,400|489,947|(338,748)|(108,504)|1,136,095|290,540
Weighted Average Exercise Price|$29.93|$42.90|$29.34|$33.80|$35.88|$54.87|$30.05|$43.85|$45.34|$63.87|$37.94|$51.21|$54.98|$44.90
Aggregate Intrinsic Value (in thousands)|$14,299||$7,203||$16,731||$12,411||$8,776||$9,641||$28,291|$10,163
Weighted Average Remaining Contractual Life|||||||||||||4 years|3 years
||Contractual interest expense|Capitalized interest|Amortization of debt issuance costs|Amortization of debt (premium) discount|Imputed interest on acquisition related obligations|Interest expense on capital leases|Total interest expense
|2019|$19,471|(232)|334|1,481|57|128|$21,239
Fiscal Years Ended March 31,|2018|$30,323|(141)|511|1,843|113|233|$32,882
|2017|$38,825|(154)|1,390|(788)|159|323|$39,755
Name|John Sarvis|Jeffrey Schmersal|Michael Hufnagel|John Lawing|S. Willing King|Eric Pratt|Evan Slavitt|Steven Sturgeon|Alexander Schenkel
Age|69|50|65|68|56|59|61|50|44
Position|Chief Executive Officer and President|Chief Operating Officer|Senior Vice President and Chief Financial Officer|Senior Vice President and Chief Technology Officer|Senior Vice President of Tantalum Products|Senior Vice President of Marketing|Senior Vice President, General Counsel, and Corporate Secretary|Senior Vice President of Connector Products|Senior Vice President of Sales
|Name|Mr. Storey|Mr. Dev|Mr. Goff|Mr. Trezise|Mr. Andrews
Stock Vested During 2019|Number of Shares Acquired on Vesting(1)|1,063,929|55,490|114,167|71,576|16,678
|Value Realized on Vesting(2)|$13,479,617|749,737|1,338,934|812,600|221,859
(1) Represents both time-vested and performance-based equity awards that vested during 2019. For details on the payout of our performance-based equity awards, please see “Compensation Discussion and Analysis—Our 2019 Compensation Program and Components of Pay—Grants of Long Term Incentive Compensation—Long Term Incentive Performance Updates” and “—Our Compensation Philosophy Objectives and Linkage to Corporate Strategy—Overview of Pay Elements and Linkage to Compensation Philosophy and Corporate Strategy.”
Net cash used in operating activities of $156.8 million in 2019 was primarily due to a net loss of $320.7 million, as well as an increase in net operating assets and liabilities of $3.3 million, partially offset by total non-cash adjustments of $167.2 million. The increase in net operating assets and liabilities included a $21.3 million increase in accounts receivable primarily due to an increase in days sales outstanding, an $18.5 million increase in inventories primarily due to Fitbit Versa Lite Edition, Fitbit Inspire, Fitbit Inspire HR and Fitbit Versa 2, and a $22.9 million decrease in lease liabilities, partially offset by a $40.7 million net increase in accounts payable and accrued liabilities and other liabilities primarily related to higher rebates and promotional activities in the fourth quarter of 2019, a $15.1 million decrease in prepaid expenses and other assets, and a $4.0 million increase in deferred revenue. Our days sales outstanding in accounts receivable, calculated as the number of days represented by the accounts receivable balance as of period end, increased from 70 days as of December 31, 2018 to 74 days as of December 31, 2019, due to lower collections during the fourth quarter of 2019 compared to the fourth quarter of 2018. The $167.2 million total non-cash adjustments for 2019 included stock-based compensation expense of $77.7 million, depreciation and amortization expense of $62.8 million, and non-cash lease expense of $19.2 million.
|||Net cash provided by (used in):|Operating activities|Investing activities|Financing activities|Net change in cash and cash equivalents
|2019|||$(156,832)|25,761|(8,406)|$(139,477)
Year Ended December 31,|2018|(in thousands)||$113,207|17,496|1,287|$131,990
|2017|||$64,241|(28,718)|4,635|$40,158
Net cash used in financing activities for 2019 of $8.4 million was primarily due to $18.2 million in net cash used for payment of taxes on common stock issued under our employee equity incentive plans and $2.7 million used for financing lease payments, offset in part by $13.0 million in proceeds from the exercise of stock options and from stock purchases made through our 2015 Employee Stock Purchase Plan, or 2015 ESPP.
Period|October 1, 2019 through October 31, 2019|November 1, 2019 through November 30, 2019|December 1, 2019 through December 31, 2019|Total shares repurchased
Total Number of Shares Repurchased|-|274,681|374,490|649,171
Average Price Paid per Share|-|$4.82|$4.70|$4.75
Total Number of Shares Purchased as part of a Publicly Announced Program|- -|191,354|374,490|565,844
Maximum Dollar Value of shares that may yet be purchased under the Repurchase Program|$12,544,543|$11,620,641|$9,859,153|$9,859,153
|Outstanding, December 31, 2018|Exercised|Forfeited|Outstanding, December 31, 2019|Exercisable, December 31, 2019
Number of Shares|4,864,836|-854,524|-3,496|4,006,816|3,462,664
Weighted Average Exercise Price ($)|$17.76|15.78|17.89|$18.18|$17.86
Weighted Average Remaining Contractual Term (Years)||||3.71|3.70
Aggregate Intrinsic Value of In-the- Money Options ($)||||$78,949,941|$69,349,255
The weighted average grant date fair value of stock options granted during the years ended December 31, 2018 and 2017, was $7.03 and $6.24, respectively. The Company did not grant stock options during the year ended December 31, 2019. The total intrinsic value of stock options exercised during the years ended December 31, 2019, 2018, and 2017, was $16.0 million, $15.8 million, and $13.4 million, respectively.
In 2018, we granted new equity awards to our named executive officers described in the table below. In determining the size and terms of these equity awards for Mses. Friar, Henry, Reses and Whiteley, our compensation committee, with input from our CEO, our then-current People Lead and Compensia, considered the past and expected future key contributions of each of these named executive officers, the extent to which their existing equity awards were vested and the competitive market data for similarly situated executives. Our compensation committee believed it was appropriate to grant each of them new equity awards to help achieve our retention goals and further align their compensation with the competitive market.
Named Executive Officer|Ms. Friar (1)|Ms. Henry|Ms. Reses|Ms. Whiteley|Mr. Daswani (5)|Mr. Murphy (5)
Number of Securities Underlying Options(#)|109,026 (2)|109,026 (2)|109,026 (2)|47,699 (2)|-|-
RSUs or RSAs (#)|38,159 (3)|38,159 (3)|38,159 (3)|28,479 (4)|4,198 (6)|4,962 (7)
Fair Value ($)|3,479,299|3,479,299|3,479,299|2,339,553|187,861|222,050
|Contractual Cash Obligations (1)||Long-term debt|Operating leases|Retirement obligations (2)|Purchase obligations and other commitments (3)|Total
|Total||$23|3,840|95|286|$4,244
|Less than 1 year||$6|688|10|206|$910
Payments due by period|1-3 years|(in millions of U.S. dollars)|$11|1,114|20|61|$1,206
|3-5 years||$6|792|20|12|$830
|More than 5 years|||1,246|44|6|$1,296
The United States represented 56%, 58% and 58% of revenue for 2019, 2018 and 2017, respectively. Revenue in the United Kingdom was $159.9 million in 2019 and $196.0 million in 2017, representing 11% of revenue in 2019 and 12% of revenue for 2017. Revenue in the United Kingdom was less than 10% of revenue in 2018. No other single country represented more than 10% of revenue during these periods. As of December 31, 2019 and 2018, long-lived assets, which represent property and equipment, located outside the United States were $27.9 million and $36.9 million, respectively.
||United States|Americas excluding United States|Europe, Middle East, and Africa|Asia Pacific|Total
|2019|$799,016|94,961|410,485|130,326|$1,434,788
December 31,|2018|$880,534|101,282|384,196|145,971|$1,511,983
|2017|$944,052|116,330|440,135|115,002|$1,615,519
|Balance of unrecognized tax benefits at beginning of year|Increases for tax positions of prior years|Decreases for tax positions of prior years|Increases for tax positions established for the current period|Decreases for settlements with taxing authorities|Reductions resulting from lapse of applicable statute of limitation|Adjustment resulting from foreign currency translation|Balance of unrecognized tax benefits at end of year
2019|$28,406|2,784|(96 )|2,542|(220 )|(4,462 )|46|$29,000
2018|$27,237|315|(61)|1,185|—|(115)|(155)|$28,406
2017|$24,278|2,478|(114 )|1,677|(154 )|(1,155 )|227|$27,237
||Net earnings|Other comprehensive earnings (loss):|Changes in fair market value of derivatives, net of tax|Changes in unrealized pension cost, net of tax|Cumulative translation adjustment, net of tax|Other comprehensive earnings (loss)|Comprehensive earnings
|2019|$36,146||(509)|6,439|83|$6,013|$42,159
Years Ended December 31,|2018|$46,532||795|(1,830)|(311)|$(1,346)|$45,186
|2017|$14,448||110|13,687|437|$14,234|$28,682
The decrease in the effective income tax rate and the provision for income taxes was primarily due to the recognition of approximately $2.2 billion of a non-recurring tax benefit in connection with the disposition of preferred stock, representing a minority interest in a foreign affiliate in 2019 compared to the non-recurring deferred tax benefit of approximately $2.1 billion as a result of an internal reorganization of legal entities within the historical Wireless business, which was offset by a goodwill charge that is not deductible for tax purposes in 2018.
|Substantial shareholdings|The Capital Group Companies, Inc.|Sun Life Financial, Inc.|BlackRock, Inc.|Fiera Capital Corporation|APG Groep N.V.|The Vanguard Group, Inc.
As at 31.12.19|Number of Ordinary shares|6,584,006|5,566,823|4,624,204|4,764,251|4,068,000|2,569,081
|% of issued share capital|8.9%|7.5%|6.3%|6.5%|5.5%|3.5%
As at 28.02.20|Number of Ordinary shares|6,598,428|5,481,561|4,913,790|4,768,688|4,068,000|2,637,287
|% of issued share capital|8.9%|7.4%|6.7%|6.5%|5.5%|3.6%