DEXTER-CQA/TAT-QA-corpus huggingface dataset:
Year Ended June 30,|Federal statutory rate|Effect of:|Foreign earnings taxed at lower rates|Impact of the enactment of the TCJA|Phone business losses|Impact of intangible property transfers|Foreign-derived intangible income deduction|Research and development credit|Excess tax benefits relating to stock-based compensation|Interest, net|Other reconciling items, net|Effective rate
2019|21.0%||(4.1)%|0.4%|0%|(5.9)%|(1.4)%|(1.1)%|(2.2)%|1.0%|2.5%|10.2%
2018|28.1%||(7.8)%|37.7%|0%|0%|0%|(1.3)%|(2.5)%|1.2%|(0.8)%|54.6%
2017|35.0%||(11.6)%|0%|(5.7)%|0%|0%|(0.9)%|(2.1)%|1.4%|(1.3)%|14.8%
||Balance as of January 1,|Current year increases|Write-offs, recoveries and other (1)|Balance as of December 31,
|2019|$282.4|104.3|(223.4)|$163.3
Year Ended December 31,|2018|$131.0|157.8|(6.4)|$282.4
|2017|$45.9|87.2|(2.1)|$131.0
||2019:|Operating revenues|Costs of operations (1)|Operating income|Net income|Net income attributable to American Tower Corporation stockholders|Net income attributable to American Tower Corporation common stockholders|Basic net income per share attributable to American Tower Corporation common stockholders|Diluted net income per share attributable to American Tower Corporation common stockholders
|March 31,||$1,813.4|543.4|614.9|407.6|397.4|397.4|0.90|0.89
Three Months Ended|June 30,||$1,889.6|563.3|683.9|434.3|429.1|429.1|0.97|0.96
|September 30,||$1,953.6|559.9|728.3|505.3|498.6|498.6|1.13|1.12
|December 31,||$1,923.7|550.2|661.3|569.4|562.7|562.7|1.27|1.26
|Year Ended, December 31,||$7,580.3|2,216.8|2,688.4|1,916.6|1,887.8|1,887.8|4.27|4.24
||Cost:|Transition adjustment at 1st January 2019|Reclassification from long-term prepayments|Additions|Acquisitions|Disposals|Exchange adjustments|At 31st December 2019|Depreciation:|Charged in the year|Disposals|Exchange adjustments|At 31st December 2019|Net book value:|At 31st December 2019
Leased land and buildings|£m||27.2|5.1|7.2|0.8|(0.2)|(1.5)|38.6||7.0|(0.1)|(0.2)|6.7||31.9
Leased plants and machinery|£m||7.0|–|4.2|0.3|(0.1)|(0.4)|11.0||3.7|–|(0.1)|3.6||7.4
Leased fixtures, fittings, tools and equipment|£m||1.9|–|0.3|–|–|(0.1)|2.1||0.6|–|–|0.6||1.5
Total right-of-use assets|£m||36.1|5.1|11.7|1.1|(0.3)|(2.0)|51.7||11.3|(0.1)|(0.3)|10.9||40.8
||Software Solutions|Data and Analytics|Corporate and Other|Total
Year ended December 31,|2019|$412.7|123.4|109.9|$646.0
|2018|$394.8|115.0|115.6|$625.4
Variance|$|$17.9|8.4|(5.7)|$20.6
|%|5%|7%|(5)%|3%
(In millions of dollars)||Depreciation|Amortization|Depreciation and amortization before depreciation of right-of-use assets|Depreciation of right-of-use assets 1|Total depreciation and amortization
Years ended December 31|2019|2,297|16|2,313|175|2,488
|2018|2,174|37|2,211|-|2,211
|%Chg|6|(57)|5|n/m|13
|Share Option Schemes|Performance Share Plan1|Bonus Share Scheme|Share Incentive Plan2|Save As You Earn Scheme|Joint Share Ownership Plan
Note|A|B|C|D|E|F
Outstanding 1 January 2019|7,938,601|7,008,260|1,827,366|243,127|219,136|4,345,305
Granted during the year|–|3,734,410|556,840|88,027|448,368|–
Exercised during the year|–|–|(996,503)1|(41,116)1|–|–
Expired/forfeited during the year|(801,528)|(2,228,278)|(16,632)|(80,736)|(121,172)|(1,382,972)
Outstanding 31 December 2019|7,137,073|8,514,392|1,371,071|209,302|546,332|2,962,333
Exercisable 31 December 2019|5,687,073|n/a|n/a|n/a|60,443|2,962,333
|Income Statement|Net sales|Cost of sales|Gross profit|Income before income taxes|Income tax (benefit) provision|Net income from continuing operations
|As reported|$5,349.5|$2,418.2|$2,931.3|$204.5|$(151.4)|$355.9
For the year ended March 31, 2019|Balances without adoption of New Revenue Standard|$5,380.1|$2,434.0|$2,946.1|$219.3|$(149.0)|$368.3
|Effect of Change Higher / (Lower)|$(30.6)|$(15.8)|$(14.8)|$(14.8)|$(2.4)|$(12.4)
|||IPO India Plan|JSOP Plan|Option award scheme 2012|2014 Share Plan|2015 Share Plan(*)|Other share option awards(**)|Management scheme (staff share grant) (***)|
|2019||$1,198|—|—|47|3,059|5,346|11,911|$21,561
Year ended March 31|2018|(in thousands)|$1,572|615|197|(22)|100|7,283|8,173|$17,918
|2017||$2,140|3,622|699|1,427|328|4,405|10,850|$23,471
||Multi-Asset Fund|Diversified Growth Fund|Index-Linked Gilts|Corporate Bonds|Insurance Contracts|Cash|Total|||Multi-Asset Fund|Diversified Growth Fund|Index-Linked Gilts|Corporate Bonds|Insurance Contracts|Cash|Total
|Level 1|$ —|—|—|—|—|154|$154||Level 1|$ —|—|—|—|—|53|$53
December 31, 2019|Level 2|$4,825|4,855|1,934|2,090|—|—|$13,704|December 31, 2018|Level 2|$4,570|4,650|2,044|2,044|—|—|$13,308
|Level 3|$ —|—|—|—|1,045|—|$1,045||Level 3|$—|—|—|—|72|—|$72
|Total|$ 4,825|4,855|1,934|2,090|1,045|154|$14,903||Total|$4,570|4,650|2,044|2,044|72|53|$13,433
At December 31, 2019 our plan’s assets of $14.9 million were invested in five separate funds including a multiasset fund (32.4%), a diversified growth fund (32.6%), an index-linked gilt (13.0%), corporate bonds (14.0%), and insurance contracts (7%). The asset and growth funds aim to generate an ‘equity-like’ return over an economic cycle with significantly reduced volatility relative to equity markets and have scope to use a diverse range of asset classes, including equities, bonds, cash and alternatives, e.g. property, infrastructure, high yield bonds, floating rate debt, private, equity, hedge funds and currency. The bond fund and gilt fund are invested in index-linked gilts and corporate bonds. These investments are intended to provide a degree of protection against changes in the value of our plan’s liabilities related to changes in long-term expectations for interest rates and inflation expectations.
|(In thousands)|Operating leases, including imputed interest|Finance leases, including imputed interest (1)|Total contractual obligations
Payments Due by Year Ending December 31, 2020|Total|12,807|2,165|$ 14,972
|Year 1 (1)|3,519|1,423|$ 4,942
|Years 2 & 3|5,102|736|$ 5,838
|Years 4 & 5|4,186|6|$ 4,192
|Beyond 5 Years|—|—|$ —
|2019 vs 2018 2018 vs 2017||Automotive and Discrete Group (ADG)|Analog MEMS and Sensors Group (AMS)|Microcontrollers and Digital ICs Group (MDG)|Others|Total consolidated net revenues
Year Ended|2019|(In millions)|$3,606|3,299|2,638|13|$9,556
Year Ended|2018|(In millions)|$3,556|3,154|2,940|14|$9,664
Year Ended|2017|(In millions)|$3,059|2,630|2,646|12|$8,347
% Variation|2019 vs 2018||1.4%|4.6|(10.3)|—|(1.1)%
% Variation|2018 vs 2017||16.2%|19.9|11.1|—|15.8%
(1) Cash and cash equivalents included restricted cash of $1,136, $1,136, and $350 at December 31, 2019, 2018, and 2017 included in other assets, respectively. Restricted cash consists of funds that are contractually restricted as to usage or withdrawal related to the Company's security deposits in the form of standby letters of credit for leased facilities. No amounts have been drawn upon the letters of credit as of December 31, 2019.
|||||EBITDA (a)|Adjusted EBITDA (a)|Adjusted EBITDA margin (b)|Interest and related expenses|Net debt (c)|Capital expenditures (d)
Unaudited|Three months ended|31 December|2019|(RMB in millions, unless specified)|35,675|38,572|36%|2,348|(15,552)|16,869
||30 September|2019||35,378|38,123|39%|2,086|(7,173)|6,632
||31 December|2018||27,180|29,701|35%|1,345|(12,170)|4,564
|Year ended|31 December|2019||137,268|147,395|39%|7,690|(15,552)|32,369
||31 December|2018||110,404|118,273|38%|4,898|(12,170)|23,941
||Net income (loss)|Income tax expense|Total other expense, net|Depreciation and amortization expense|Share-based compensation expenses|Goodwill impairment|Adjusted EBITDA|Exclude: transaction related expenses|Exclude: integration and transformation costs(1)|Exclude: special items(1)|Adjusted EBITDA excluding integration and transformation costs and special items|Total revenue|Adjusted EBITDA Margin|Adjusted EBITDA Margin, excluding integration and transformation costs and special items
|2019|$(5,269)|503|2,040|4,829|162|6,506|8,771|0|234|65|$9,070|$22,401|39.2%|40.5%
|2018|(1,733)|170|2,133|5,120|186|2,726|8,602|0|378|60|9,040|23,443|36.7%|38.6%
Pro Forma (1)|2017|1,508|(770)|2,147|5,125|238|0|8,248|192|164|82|8,686|24,128|34.2%|36.0%
In November 2015, we raised net proceeds of $68.3 million in our initial public offering after deducting underwriting discounts and commissions and offering expenses paid by us. In the years ended March 31, 2019, 2018 and 2017, we incurred operating losses of $1.2 million, $7.0 million and $10.4 million, respectively. While we expect to generate an operating loss in the year ending March 31, 2020, we expect to continue to generate positive cash flows from operating activities.
Research and development expenses increased $24.2 million, or 31%, in 2019 as compared to 2018. The increase was principally due to the 2018 Reallocation of headcount from sales and marketing to research and development, as well as investments to maintain and improve the functionality of our products. As a result, we incurred increased employee-related costs of $16.3 million and increased overhead costs of $3.4 million.
||Balance at March 31, 2017|Charges|Payments|Non-cash - Other|Changes in foreign exchange rates|Balance at March 31, 2018|Additions due to Microsemi acquisition|Charges|Payments|Non-cash - Other|Changes in foreign exchange rates|Balance at March 31, 2019|Current|Non-current|Total
Restructuring|Employee Separation Costs|$5.4|1.2|(5.9)|(0.2)|0.3|0.8|10.4|48.9|(47.1)|—|(0.1)|$12.9|||
|Exit Costs|$34.8|0.7|(9.2)|1.0|—|27.3|9.0|(4.7)|(13.1)|0.7|—|$19.2|||
Non-Restructuring|Exit Costs|$—|20.0|(0.9)|—|—|19.1|—|—|(4.1)|0.7|—|$15.7|||
|Total|$40.2|21.9|(16.0)|0.8|0.3|47.2|19.4|44.2|(64.3)|1.4|(0.1)|$47.8|$26.9|20.9|$47.8
(in thousands, except per share amounts)|October 1, 2019 - October 31, 2019|November 1, 2019 - November 30, 2019|December 1, 2019 - December 31, 2019|Total
Total Number of Shares Purchased (1) (2)|24|108|144|276
Average Price Paid per Share (1) (2)|$71.89|$75.63|$76.64|$75.83
Total Number of Shares Purchased as Part of Publicly Announced Share Repurchase Program (2)|12|-|-|
Approximate Dollar Value of Shares That May Yet Be Purchased at Period End Under Publicly Announced Share Repurchased Programs (2)|$45,484|$45,484|$45,484|
Basic earnings per share is calculated on the basis of weighted average outstanding shares of common stock. Diluted earnings per share is computed on the basis of basic weighted average outstanding shares of common stock adjusted for the dilutive effect of stock options, restricted stock unit awards, and other dilutive securities. During the second quarter of fiscal 2019, we issued 77.5 million shares of our common stock out of treasury to the former shareholders of Pinnacle pursuant to the terms of the Merger Agreement. In addition, we issued 16.3 million shares of our common stock, par value $5.00 per share, in an underwritten public offering in connection with the financing of the Pinnacle acquisition, with net proceeds of $555.7 million (see Note 2).
|Net income available to Conagra Brands, Inc. common stockholders:|Income from continuing operations attributable to Conagra Brands, Inc. common stockholders|Income (loss) from discontinued operations, net of tax, attributable to Conagra Brands, Inc. common stockholders|Net income attributable to Conagra Brands, Inc. common stockholders|Less: Increase in redemption value of noncontrolling interests in excess of earnings allocated|Net income available to Conagra Brands, Inc. common stockholders|Weighted average shares outstanding:|Basic weighted average shares outstanding|Add: Dilutive effect of stock options, restricted stock unit awards, and other dilutive securities|Diluted weighted average shares outstanding
2019||$680.2|(1.9)|$678.3|—|$678.3||444.0|1.6|445.6
2018||$794.1|14.3|$808.4|—|$808.4||403.9|3.5|407.4
2017||$544.1|95.2|$639.3|0.8|$638.5||431.9|4.1|436.0
||Net earnings attributable to common shareholders|Severance, acquisition and other costs|Net mark-to-market losses (gains) on derivatives used to economically hedge equity settled share-based compensation plans|Net (gains) losses on investments|Early debt redemption costs|Impairment charges|Adjusted net earnings
2019|TOTAL|3,040|83|(101)|44|13|74|3,153
|PER SHARE|3.37|0.10|(0.11)|0.05|0.01|0.08|3.50
2018|TOTAL|2,785|100|58|47|15|146|3,151
|PER SHARE|3.10|0.11|0.07|0.05|0.02|0.16|3.51
|Accounts and other receivable, net|Inventories|Property and equipment|Goodwill|Intangible assets|Deferred income tax assets|Other assets|Total assets acquired|Accounts payable|Deferred income tax liabilities|Other liabilities|Total liabilities assumed|Total fair value of net assets acquired
Preliminary: December 31, 2018|$  7,167|9,372|1,353|48,032|26,000|8,116|5,126|105,166|5,734|7,984|6,764|20,482|$  84,684
Measurement Period Adjustments|$ -|-|-|(11,774)|17,240|(1,785)|878|4,559|-|3,715|844|4,559|$  -
Adjusted: December 31, 2019|$  7,167|9,372|1,353|36,258|43,240|6,331|6,004|109,725|5,734|11,699|7,608|25,041|$  84,684
|Contractual obligations|Debt obligations (1)|Interest obligations (1)|Operating lease obligations|Pension and other post-retirement benefits (2)|Employee separation liability|Restructuring liability|Purchase commitments|Capital lease obligations|Anti-trust fines and settlements (3)|Total
|Total|$305,927|28,200|48,311|94,178|7,640|2,181|31,468|2,049|34,880|$554,834
|Year 1|$28,430|6,326|10,898|6,758|594|1,869|31,468|993|21,712|$109,048
Payment Due by Period|Years 2 - 3|$59,509|11,039|14,302|15,184|674|312|—|888|10,203|$112,111
|Years 4 - 5|$55,708|8,928|9,402|18,024|674|—|—|168|2,965|$95,869
|More than 5 years|$162,280|1,907|13,709|54,212|5,698|—|—|—|—|$237,806
£m|Repayable within one year|Repayable in more than one year but not more than two years|Repayable in more than two years but not more than five years|Repayable in more than five years|
2019|65.8|901.8|2,114.2|1,569.6|4,651.4
2018|46.7|30.5|2,722.0|2,155.9|4,955.1
On October 2, 2017, the Company acquired Fagerdala Singapore Pte Ltd., a manufacturer and fabricator of polyethylene foam based in Singapore, to join its Product Care division. We acquired 100% of Fagerdala shares for estimated consideration of S$144.7 million, or $106.2 million, net of cash acquired of $13.3 million, inclusive of purchase price adjustments which were finalized in the third quarter of 2018. We acquired Fagerdala to leverage its manufacturing footprint in Asia, experience in foam manufacturing and fabrication and commercial organization to expand our presence across multiple industries utilizing fulfillment to distribute goods.
|(In millions)|Total consideration transferred|Assets:|Cash and cash equivalents|Trade receivables, net|Inventories, net|Prepaid expenses and other current assets|Property and equipment, net|Identifiable intangible assets, net|Goodwill|Total assets|Liabilities:|Short-term borrowings|Accounts payable|Other current liabilities|Long-term debt, less current portion|Non-current deferred taxes|Total liabilities
Preliminary Allocation|As of October 2, 2017|$ 106.6||13.3|22.4|10.0|8.4|23.3|41.4|39.3|$ 158.1||14.0|6.9|15.1|3.8|11.7|$ 51.5
Measurement Period|Adjustments|$ (0.4)||—|—|0.1|—|—|0.7|(1.5)|$ (0.7)||—|—|(0.1)|—|(0.2)|$ (0.3)
Final Allocation|As of December 31, 2018|$ 106.2||13.3|22.4|10.1|8.4|23.3|42.1|37.8|$ 157.4||14.0|6.9|15.0|3.8|11.5|$ 51.2
||BOARD AND COMMITTEE FEES ($)|Board|Audit, Risk Management and Compliance Committee|People Performance Committee|Sustainability Committee|Nomination Committee
CHAIR|F19 FEE|INCL. SUPER|$790,531|$65,000|$54,525|$45,000|Nil
|F20 FEE|INCL. SUPER|$790,531|$65,000|$65,000|$65,000|Nil
MEMBER|F19 FEE|INCL. SUPER|$254,990|$32,500|$27,265|$22,500|Nil
|F20 FEE|INCL. SUPER|$254,990|$32,500|$32,500|$32,500|Nil
€ million|Services provided|Associates|Joint ventures|Miscellaneous related parties|Services received|Associates|Joint ventures|Miscellaneous related parties|Receivables from services provided, as of 30/9|Associates|Joint ventures|Miscellaneous related parties|Liabilities from goods/services received as of 30/9|Associates|Joint ventures|Miscellaneous related parties
2017/2018|8|5|3|0|96|78|8|10|0|0|0|0|1|0|0|1
2018/2019|8|5|3|0|93|76|7|10|0|0|0|0|1|0|0|1
Contractual Obligations|Long-term debt(1)|Operating Lease Obligations (Time Charters) for vessels in operation(2)(4)|Operating Lease Obligations (Time Charters) for vessels to be delivered(4)|Acquisition of six liquid barges (5)|Rent Obligations(3)|Land lease agreements (3)|Total
Total|$1,581.8|367.4|63.4|12.4|1.3|25.8|$2,052.1
Less than 1 year|$51.7|109.6|5.5|0.5|0.8|0.6|$168.7
1-3 years|$1,461.0|142.7|13.6|4.4|0.4|1.1|$1,623.2
3-5 years|$69.1|81.6|12.9|5.3|0.1|1.1|$170.1
More than 5 years|$—|33.5|31.4|2.2|—|23.0|$90.1
||Senior secured term loan|Total Convertible debt|Borrowings outstanding on asset-based loan facility|Finance leases and other financing obligations
|December 27, 2019|$238,129|$154,000|$—|$3,905
Fiscal Year Ended|December 28, 2018|$239,745|$—|$44,185|$193
|December 29, 2017|$238,435|$36,750|$—|$664
In 2019, we initiated projects to restructure and modify our supply chain strategy, functional responsibilities, methods, capabilities, processes and rationalize suppliers with the goal of reducing ongoing costs and increasing the efficiencies of our worldwide procurement organization. The majority of the costs associated with these restructuring activities are related to consultants that we have engaged in connection with these efforts, and such costs have been recognized by our corporate entity. The total costs of this restructuring project are expected to exceed amounts incurred to date by $0.9 million and these efforts are expected to be completed early in fiscal 2020. Also, in fiscal 2019 our CTS and CGD segments incurred restructuring charges, consisting primarily of employee severance costs related to headcount reductions initiated to optimize our cost positions. The total costs of each of these restructuring plans initiated thus far are not expected to be significantly greater than the charges incurred to date.
||Restructuring costs:|Cubic Transportation Systems|Cubic Mission Solutions|Cubic Global Defense|Unallocated corporate expenses|Total restructuring costs
|2019||$  3.2|—|3.3|8.9|$  15.4
Years Ended September 30,|2018||$  0.4|0.2|1.3|3.1|$  5.0
|2017||$  0.4|—|0.9|1.0|$  2.3
|Balances, January 31, 2017|Other comprehensive (loss) income before reclassifications|Pre-tax losses (gains) reclassified from accumulated other comprehensive income|Tax effects|Net current period other comprehensive (loss) income|Balances, January 31, 2018|Other comprehensive income (loss) before reclassifications|Pre-tax gains reclassified from accumulated other comprehensive income|Tax effects|Net current period other comprehensive income (loss)|Balances, January 31, 2019
Net Unrealized Gains (Losses) on Derivative Instruments|$14.6|(24.5)|(9.9)|3.2|(31.2)|(16.6)|20.6|12.1|(1.1)|31.6|$15.0
Net Unrealized Gains (Losses) on Available for Sale Securities|$1.5|(0.6)|0.3|0.1|(0.2)|1.3|0.7|1.3|—|2.0|$3.3
Defined Benefit Pension Components|$(33.8)|4.3|0.9|(0.7)|4.5|(29.3)|14.7|0.3|(2.0)|13.0|$(16.3)
Foreign Currency Translation Adjustments|$(160.8)|86.3|0.1|(4.8)|81.6|(79.2)|(58.3)|—|0.5|(57.8)|$(137.0)
Total|$(178.5)|65.5|(8.6)|(2.2)|54.7|(123.8)|(22.3)|13.7|(2.6)|(11.2)|$(135.0)
(in thousands)|Contract assets (1)|Long-term contract assets (2)||Deferred revenue|Long-term deferred revenue (3)|
December 31, 2019|$5,558|5,420|$10,978|$190,080|5,407|$195,487
December 31, 2018|$3,711|2,543|$6,254|$185,145|5,344|$190,489
The United States Tax Cuts and Jobs Act (the “Tax Act”) was enacted on December 22, 2017 and introduced significant changes to the income tax law in the United States. Effective in 2018, the Tax Act reduced the United States statutory tax rate from 35% to 21% and created new taxes on certain foreign-sourced earnings and certain related-party payments, which are referred to as the global intangible low-taxed income tax and the base erosion tax, respectively.
|(In thousands)|Deferred tax assets|Accruals and reserves, net|Allowance for doubtful accounts|Stock-based compensation, net|Deferred revenue|Operating and finance lease liabilities|Net operating loss carryforwards|Research and development tax credit|Other|Less:  Valuation Allowance|Total deferred tax assets|Deferred tax liabilities|Prepaid expense|Property and equipment, net|Acquired intangibles, net|Operating and finance right-to-use assets|Other|Total deferred tax liabilities|Net deferred tax liabilities
December 31,|2019||$29,627|11,507|10,382|21,786|22,085|37,717|899|7,488|(19,219)|122,272||(5,372)|(3,695)|(111,284)|(17,255)|0|(137,606)|$(15,334)
|2018||$31,565|11,378|10,595|8,160|0|36,649|899|10,784|(18,734)|91,296||(6,733)|(7,442)|(129,879)|0|(676)|(144,730)|$(53,434)
We had federal net operating loss (“NOL”) carryforwards of $174 million and $164 million as of December 31, 2019, and 2018, respectively. The federal NOL carryforward includes US NOL carryovers of $8 million and Israeli NOL carryovers of $56 million that do not expire. As of December 31, 2019 and 2018, we had state NOL carryforwards of $1 million and $2 million, respectively.
||Assets:|Cash and cash equivalents(1)|Loan receivables held for sale, net(2)|Servicing assets(3)|Liabilities:|Finance charge reversal liability(3)|Term loan(1)|Interest rate swap(3)|Servicing liabilities(3)
|Level||1|2|3||3|2|2|3
December 31, 2019|Carrying Value||$195,760|51,926|30,459||$206,035|384,497|2,763|3,796
|Fair Value||$195,760|55,958|30,459||$206,035|392,201|2,763|3,796
December 31, 2018|Carrying Value||$303,390|2,876|—||$138,589|386,822|—|3,016
|Fair Value||$303,390|3,552|—||$138,589|386,234|—|3,016
||ASSETS|Accounts receivable, net|Inventories|Other current assets|Long-term deferred tax assets|Other assets|LIABILITIES|Accrued liabilities|Deferred income on shipments to distributors|Long-term deferred tax liability|Other long-term liabilities|STOCKHOLDERS' EQUITY|Accumulated other comprehensive loss|Retained earnings
Balance as of|March 31, 2018||$563.7|$476.2|$119.8|$100.2|$71.8||$229.6|$333.8|$205.8|$240.9||$(17.6)|$1,397.3
|ASC 606||$340.1|$(5.1)|$17.2|$(23.1)|$—||$404.2|$(333.8)|$16.8|$—||$—|$241.9
Adjustments from|ASU 2016-01||$—|$—|$—|$—|$—||$—|$—|$—|$—||$(1.7)|$1.7
|ASU 2016-16||$—|$—|$—|$1,579.4|$(24.1)||$—|$—|$(1.1)|$(1.7)||$—|$1,558.1
Balance as of|April 1, 2018||$903.8|$471.1|$137.0|$1,656.5|$47.7||$633.8|$—|$221.5|$239.2||$(19.3)|$3,199.0
||United States, Canada and Latin America (Americas)|Europe, Middle East and Africa (EMEA)|Asia Pacific (APAC)|Net revenues
|April 26, 2019|$ 3,425|1,847|874|$ 6,146
Year Ended|April 27, 2018|$ 3,207|1,873|839|$ 5,919
|April 28, 2017|$ 3,021|1,741|729|$ 5,491
We operate in one industry segment: the design, manufacturing, marketing, and technical support of high-performance storage and data management solutions. We conduct business globally, and our sales and support activities are managed on a geographic basis. Our management reviews financial information presented on a consolidated basis, accompanied by disaggregated information it receives from our internal management system about revenues by geographic region, based on the location from which the customer relationship is managed, for purposes of allocating resources and evaluating financial performance. We do not allocate costs of revenues, research and development, sales and marketing, or general and administrative expenses to our geographic regions in this internal management reporting because management does not review operations or operating results, or make planning decisions, below the consolidated entity level.
||United States|Japan|Thailand|Mexico|Italy|China|Portugal|Macedonia|Bulgaria|Sweden|Other (1)|Total Non-United States|
March 31,|2019|$57,095|89,602|82,389|121,147|35,197|45,815|31,872|12,906|5,480|4,800|8,977|438,185|$495,280
|2018|$49,530|79,855|74,100|62,503|39,398|36,396|29,073|13,723|5,597|6,005|9,136|355,786|$405,316
(1) Amounts by geography have been reclassified from prior year disclosure to reflect adjustments to our regional operating model. As of January 1, 2019, our geographic regions are: North America, EMEA, South America and APAC. Our North American operations include Canada, the United States, Mexico and Central America. Mexico and Central America were previously included in Latin America. Refer to Note 2, "Summary of Significant Accounting Policies and Recently Issued Accounting Standards," of the Notes to Consolidated Financial Statements.