DEXTER-CQA/TAT-QA-corpus huggingface dataset:
For the Assemble Systems, PlanGrid, and BuildingConnected acquisitions that were accounted for as business combinations, Autodesk recorded the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition. The fair values assigned to the identifiable intangible assets acquired were based on estimates and assumptions determined by management. Autodesk recorded the excess of consideration transferred over the aggregate fair values as goodwill. The goodwill recorded is primarily attributable to synergies expected to arise after the acquisition. There is no amount of goodwill that is deductible for U.S. income tax purposes.
For the three business combinations in fiscal 2019, the determination of estimated fair values of certain assets and liabilities is derived from estimated fair value assessments and assumptions by Autodesk. For PlanGrid and BuildingConnected, Autodesk's estimates and assumptions are subject to change within the measurement period (up to one year from the acquisition date). For the three business combinations in fiscal 2019, the tax impact of the acquisition is also subject to change within the measurement period. Different estimates and assumptions could result in different valuations assigned to the individual assets acquired and liabilities assumed, and the resulting amount of goodwill.
|Developed technologies|Customer relationships and other non-current intangible assets|Trade name|Goodwill|Deferred revenue (current and non-current)|Net tangible assets|Total
Assemble Systems (1)|$4.4|12.0|2.8|72.0|(1.7)|4.1|$93.6
PlanGrid|$78.0|98.0|20.0|588.7|(25.5)|18.4|$777.6
BuildingConnected|$12.5|26.9|6.8|206.3|(2.8)|3.5|$253.2
Total|$94.9|136.9|29.6|867.0|(30.0)|26.0|$1,124.4
Deferred revenue decreased primarily due to the adoption of ASC 606 in the beginning of our first quarter of fiscal 2019. Of the total deferred revenue decrease related to the adoption of ASC 606 of $2.8 billion, $2.6 billion relates to deferred product revenue and $0.2 billion relates to deferred service revenue. Of the adjustment to deferred product revenue, $1.3 billion related to our recurring software and subscription offers, $0.6 billion related to two-tier distribution, and the remainder related to nonrecurring software and other adjustments. The decrease related to the adoption of ASC 606 was partially offset by an increase in product deferred revenue during the fiscal year. The increase in deferred service revenue was driven by the impact of contract renewals, partially offset by amortization of deferred service revenue.
|Service|Product|Total|Reported as:|Current|Noncurrent|Total
July 27, 2019|$11,709|6,758|$18,467||$10,668|7,799|$18,467
July 28, 2018|$11,431|8,254|$19,685||$11,490|8,195|$19,685
Increase (Decrease)|$ 278|(1,496)|$(1,218)||$(822)|(396)|$(1,218)
|($ in millions)|Net sales|Less: surcharge revenue|Net sales excluding surcharge revenue|Operating income|Special items:|Acquisition-related costs|Adjusted operating income excluding special items|Operating margin|Adjusted operating margin excluding surcharge revenue and special items
Fiscal Year|2019|$2,380.2|438.1|$1,942.1|$241.4||1.2|$242.6|10.1%|12.5%
|2018|$2,157.7|365.4|$1,792.3|$189.3||—|$189.3|8.8%|10.6%
Our operating income in fiscal year 2019 increased to $241.4 million, or 10.1 percent of net sales as compared with $189.3 million, or 8.8 percent of net sales in fiscal year 2018. Excluding surcharge revenue and special items, adjusted operating margin was 12.5 percent for the fiscal year 2019 and 10.6 percent for the same period a year ago. The increase in the operating margin reflects steady demand and improved product mix coupled with operating cost improvements offset by higher selling, general and administrative expenses compared to the same period a year ago.
|||Balance at beginning of year|Accretion expense|Liabilities assumed in acquisition of Level 3(1)|Liabilities settled|Liabilities transferred to Cyxtera|Change in estimate|Balance at end of year
Years Ended December 31,|2019|(Dollars in millions)|$190|11|—|(14)|—|10|$197
|2018||115|10|58|(14)|—|21|190
|2017||95|6|45|(3)|(20)|(8)|115
Property and equipment is recorded at cost and consists of furniture, computers, other office equipment, and leasehold improvements. We depreciate the cost of furniture, computers, and other office equipment on a straight-line basis over their estimated useful lives (five years for office equipment, seven years for furniture and fixtures). Leasehold improvements are depreciated over the lesser of their useful lives or the term of the lease. Depreciation and amortization expense for 2019, 2018, and 2017 was approximately $8.0 million, $8.6 million, and $9.1 million, respectively, and was included in “Depreciation and amortization” in the Consolidated Statements of Income. Amortization expense on intangible assets in 2019, 2018 and 2017 was immaterial.
||Office equipment|Furniture and fixtures|Leasehold improvement|Property and equipment, gross|Less accumulated depreciation|Property and equipment, net
December 31|2019|$ 38,373|5,017|23,534|66,924|(44,199 )|$ 22,725
|2018|$ 39,633|4,610|19,430|63,673|(49,355 )|$ 14,318
€ thousands|Short-term employee benefits|Share-based payment1)|Subtotal1)|Post-employment benefits|Thereof defined-benefit|Thereof defined-contribution|Total1)
2019|17,378|32,393|49,771|2,825|2,056|769|52,596
2018|18,652|23,646|42,298|1,106|250|856|43,404
2017|16,634|25,723|42,357|1,312|423|889|43,669
|||Revenues|Cost of revenues|Gross profit|Interest income|Other gains, net|Selling and marketing expenses|General and administrative expenses|Operating profit|Finance costs, net|Share of (loss)/profit of associates and joint ventures|Profit before income tax|Income tax expense|Profit for the year|Attributable to:|Equity holders of the Company|Non-controlling interests||Non-IFRS profit attributable to equity holders of the Company
Year ended 31 December|2019|(RMB in millions)|377,289|(209,756)|167,533|6,314|19,689|(21,396)|(53,446)|118,694|(7,613)|(1,681)|109,400|(13,512)|95,888||93,310|2,578|95,888|94,351
|2018||312,694|(170,574)|142,120|4,569|16,714|(24,233)|(41,522)|97,648|(4,669)|1,487|94,466|(14,482)|79,984||78,719|1,265|79,984|77,469
Selling and marketing expenses. Selling and marketing expenses decreased by 12% to RMB21,396 million for the year ended 31 December 2019 on a year-on-year basis. The decrease was mainly due to the reduction of advertising and promotion expenses as a result of improved operational efficiencies. As a percentage of revenues, selling and marketing expenses decreased to 6% for the year ended 31 December 2019 from 8% for the year ended 31 December 2018.
General and administrative expenses. General and administrative expenses increased by 29% to RMB53,446 million for the year ended 31 December 2019 on a year-on-year basis. The increase was primarily driven by greater R&D expenses and staff costs. As a percentage of revenues, general and administrative expenses increased to 14% for the year ended 31 December 2019 from 13% for the year ended 31 December 2018.
We are exposed to concentrations of credit risk from residential and business customers. We generally do not require collateral to secure our receivable balances. We have agreements with other communications service providers whereby we agree to bill and collect on their behalf for services rendered by those providers to our customers within our local service area. We purchase accounts receivable from other communications service providers primarily on a recourse basis and include these amounts in our accounts receivable balance. We have not experienced any significant loss associated with these purchased receivables.
We believe these non-GAAP financial measures are helpful in understanding our past financial performance and our future results. Our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP.

Our management regularly uses our supplemental non-GAAP financial measures internally to understand, manage and evaluate our business, and make operating decisions. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Compensation of our executives is based in part on the performance of our business based on certain of these non-GAAP measures.
|(in thousands, except percentages and per share data)|Non-GAAP gross profit|Non-GAAP gross margin|Non-GAAP operating loss|Non-GAAP operating margin|Non-GAAP net loss|Non-GAAP net loss per share|Free cash flow
For the year ended December 31,|2019|$168,242|82.0%|$(8,689)|(4.2)%|$(9,460)|$(0.09)|$(3,924)
|2018|$163,376|84.6%|$(4,325)|(2.2)%|$(4,548)|$(0.04)|$12,201
|2017|$153,849|85.6%|$(16,440)|(9.1)%|$(16,594)|$(0.18)|$(3,418)
On May 22, 2019, we declared a cash dividend of $0.48 per share of common stock, payable on July 24, 2019 to shareholders of record as of the close of business on July 5, 2019. The timing and amount of future dividends will depend on market conditions, corporate business and financial considerations and regulatory requirements. All dividends declared have been determined by the Company to be legally authorized under the laws of the state in which we are incorporated.
||Dividends per share declared|Dividend payments allocated to additional paid-in capital|Dividend payments allocated to retained earnings (accumulated deficit)
|April 26, 2019|$ 1.60|$ 403|$ —
Year Ended|April 27, 2018|$ 0.80|$ 106|$ 108
|April 28, 2017|$ 0.76|$ 88|$ 120
||Goodwill at December 29, 2017(1)|Foreign currency translation adjustments|Transfers to assets held for sale|Adjustment to goodwill|Goodwill at December 28, 2018(1)|Goodwill re-allocation|Acquisition of IMX|Divestiture of health staff augmentation business|Foreign currency translation adjustments|Adjustment to goodwill|Goodwill at January 3, 2020(1)
Defense Solutions||$2,055|(40)|—|—|2,015|25|—|—|(4)|3|$2,039
Civil|(in millions)|$1,998|(11)|(57)|(6)|1,924|(25)|—|—|8|—|$1,907
Health||$921|—|—|—|921|—|50|(5)|—|—|$966
Total||$4,974|(51)|(57)|(6)|4,860|—|50|(5)|4|3|$4,912
||% of revenue, 2019|% of revenue, 2018|% of accounts receivable, as of December 31, 2019|% of accounts receivable, as of December 31, 2018
|A|11%|17%|10%|13%
|B|9%|14%|8%|-%
Customer|C|16%|1%|31%|16%
|D|3%|4%|-%|14%
|E|2%|-%|10%|-%
||Property records database|Contract assets|Right-of-use assets|Deferred compensation plan related assets|Unbilled receivables|Prepaid expenses|Unrealized gains on interest rate swaps|Other|Other non-current assets
December 31,|2019|$60.1|37.8|26.4|15.2|3.5|8.1|—|7.7|$158.8
|2018|$59.9|17.0|—|11.1|5.0|18.3|6.2|4.3|$121.8
|(in thousands)|Consolidated Balance Sheet Data (2) (3):|Total cash, cash equivalents, and marketable securities|Goodwill|Total assets|Total stockholders’ equity
|2019||$68,363|$79,039|$984,812|$539,010
December 31.|2018||$207,423|$72,858|$982,553|$621,531
|2017||$223,748|$72,952|$1,012,753|$655,870
|2016||$133,761|$73,164|$867,135|$548,940
|2015||$219,078|$46,776|$627,758|$322,859
||Land|Buildings and improvements|Machinery and equipment|Vehicles|Office equipment|Construction in process||Less accumulated depreciation|Total property, plant and equipment, net
|2019|$ 1,565|17,332|30,670|778|851|362|51,558|(29,284 )|$ 22,274
December 31,|2018|$ 1,747|17,520|29,692|937|838|546|51,280|(26,707 )|$ 24,573
|||Revenue|Gross profit|Net income (loss)|Net loss per share-basic|Net loss per share-diluted||||Revenue|Gross profit|Net loss|Net loss per share-basic|Net loss per share-diluted
|March 31,|2019|$50,290|$38,040|$(12,272)|$(0.16)|$(0.16)||March 31,|2018|$49,183|$37,299|$(19,670)|$(0.27)|$(0.27)
Quarter Ended|June 30,|2019|$49,189|$37,918|$(5,771)|$(0.08)|$(0.08)|Quarter|June 30,|2018|$60,713|$47,526|$(4,532)|$(0.06)|$(0.06)
|September 30,|2019|$52,833|$40,913|$173|$—|$—|Ended|September 30,|2018|$60,502|$47,488|$(1,807)|$(0.02)|$(0.02)
|December 31,|2019|$60,316|$46,876|$51|$—|$—||December 31,|2018|$61,825|$48,014|$(1,608)|$(0.02)|$(0.02)
||Numerator:|Net income|Add effect of dilutive securities|Interest on convertible notes, net of tax|Adjusted net income|Denominator:|Weighted average basic common shares outstanding|Dilutive effect of stock options and unvested common shares|Dilutive effect of convertible notes|Weighted average diluted common shares outstanding
|December 27, 2019 ||$24,193||207|$24,400||29,532,342|211,050|329,946|30,073,338
Fiscal Year Ended|December 28, 2018 ||$20,402||362|$20,764||28,703,265|270,520|705,134|29,678,919
|December 29, 2017||$14,366||536|$14,902||26,118,482|68,670|1,237,374|27,424,526
December 31,||Goodwill and other intangibles|Lease arrangements|Property and equipment|Unbilled receivables - IRC Section 481(a)|Gross deferred tax liabilities|Lease obligations|Retirement and other liabilities|Allowance for potential contract losses and other contract reserves|Foreign and state operating loss carryforwards|Less: Valuation allowance|Gross deferred tax assets|Net deferred tax liabilities
|2019|$136,882|31,128|13,270|5,878|187,158|(34,146)|(18,614)|(2,205)|(2,239)|1,828|(55,376)|$131,782
|2018|$114,532|—|8,168|8,816|131,516|—|(20,707)|(1,681)|(1,709)|1,537|(22,560)|$108,956
Grant Date|2 Jul 2013|2 Jul 2014|2 Jul 2015|22 Dec 2016|Total|Weighted average exercise price
Vesting Date|2 Jul 2016|2 Jul 2017|2 Jul 2018|31 Aug 2019 2||
Expiry Date|30 Sept 2018 1|2 Jul 2019|2 Jul 2020|22 Dec 2021||
Exercise Price $|0.92|1.30|2.67|3.59||
No. of Options at Beg. of Year|75,000|470,000|1,000,000|1,323,730|2,868,730|
Options Exercised or Lapsed|(75,000)|(205,000)|(75,000)|-|(355,000)|$1.51
No. of Options at End of Year|-|265,000|925,000|1,323,730|2,513,730|$3.01
|||United States|Singapore|Rest of world|Total
As of December 31,|2019|Amount|$385,302|63,556|5,034|$453,892
||% of total|85%|14%|1%|100%
|2018(1)|Amount|$426,321|71,945|3,368|$501,634
||% of total|85%|14%|1%|100%
||Allowance for credit loss as of July 28, 2018|Provisions (benefits)|Recoveries (write-offs), net|Foreign exchange and other|Allowance for credit loss as of July 27, 2019
|Lease Receivables|$135|(54)|(14)|(21)|$46
|Loan Receivables|$60|11|—|—|$71
CREDIT LOSS ALLOWANCES|Financed Service Contracts|$10|27|(28)|—|$9
|Total|$205|(16)|(42)|(21)|$126
As part of an intercompany restructuring during the year ended December 31, 2018, we transferred certain intellectual property assets between wholly- owned legal entities in non-U.S. tax jurisdictions. As the impact of the transfer was the result of an intra-entity transaction, the resulting gain on the transfer was eliminated for purposes of the consolidated financial statements. The transferring entity recognized a gain on the transfer of assets that was not subject to income tax in its local jurisdiction. In accordance with ASU 2016-16, which the Company adopted in the first quarter of 2018, and as further described in Note 1. “Significant Accounting Policies”, Nielsen recorded an income tax benefit of approximately $193 million.
Year Ended December 31||NUMERATOR: Basic and diluted - loss from continuing operations (in thousands)|DENOMINATOR: Basic and diluted - weighted average number of common shares outstanding (in thousands)|Number of shares of common stock which could be purchased with weighted average outstanding securities not included in diluted EPS because effect would be antidilutive:|Stock options|Warrants|Convertible preferred stock|Restricted stock units|Weighted average number of nonvested shares of common stock not included in diluted EPS because effect would be antidilutive
|2019|$ (13,735)|32,359,316||1,024,811|8,443,547|224,848|1,235,287|659,581
|2018|$ (8,101)|22,099,149||911,264|16,383,944|581,680|623,603|1,169,986
Selling, general and administrative expenses presented in the table above include corporate costs directly in support of Qdoba operations. All other corporate costs were classified in results of continuing operations. Our credit facility required us to make a mandatory prepayment (“Qdoba Prepayment”) on our term loan upon the closing of the Qdoba Sale, which was $260.0 million. Interest expense associated with our credit facility was allocated to discontinued operations based on our estimate of the mandatory prepayment that was made upon closing of the Qdoba Sale.
|Company restaurant sales|Franchise revenues|Company restaurant costs (excluding depreciation and amortization)|Franchise costs (excluding depreciation and amortization)|Selling, general and administrative expenses|Depreciation and amortization|Impairment and other charges, net|Interest expense, net|Operating (loss) earnings from discontinued operations before income taxes|(Loss) gain on Qdoba Sale|(Loss) earnings from discontinued operations before income taxes|Income tax benefit (expense)|Earnings from discontinued operations, net of income taxes|Net earnings per share from discontinued operations:|Basic|Diluted
2019|$—|—|—|—|174|—|(262)|—|(88)|(85)|(173)|2,863|$2,690||$0.10|$0.10
2018|$192,620|9,337|(166,122)|(2,338)|(19,286)|(5,012)|(2,305)|(4,787)|2,107|30,717|32,824|(15,726)|$17,098||$0.60|$0.59
2017|$436,558|20,065|(357,370)|(4,993)|(36,706)|(21,500)|(15,061)|(9,025)|11,968|—|11,968|(4,518)|$7,450||$0.24|$0.24
Our operating profit in 2019 was EUR 485 million, a change of EUR 544 million, compared to an operating loss of EUR 59 million in 2018. The change in operating result was primarily due to lower selling, general and administrative expenses, research and development expenses and a net positive fluctuation in other operating income and expenses, partially offset by lower gross profit. Our operating margin in 2019 was 2.1%, compared to approximately breakeven in 2018.
EURm|Total segment operating profit(1)|Amortization and depreciation of acquired intangible assets and property, plant and equipment|Restructuring and associated charges|Gain on defined benefit plan amendment|Product portfolio strategy costs|Transaction and related costs, including integration costs relating to the acquisition of Alcatel Lucent|Impairment of assets, net of impairment reversals|Operating model integration|Release of acquisition-related fair value adjustments to deferred revenue and inventory|Divestment of businesses|Fair value changes of legacy IPR fund|Other|Total operating profit/(loss)
2019|2,003|(924)|(502)|168|(163)|(48)|(29)|(12)|(6)|(2)|-|-|485
2018|2,180|(940)|(321)|-|(583)|(220)|(48)|-|(16)|(39)|(57)|(15)|(59)
Interest and other income (expense), net changed by $3.3 million from a net expense of $13.8 million in the year ended December 31, 2018 to a net expense of $10.4 million for the year ended December 31, 2019. The change in interest and other income (expense), net was primarily due to a decrease in interest expense pertaining to a lower average balance of debt outstanding under our term loan facility during the year.
December 28, 2019|U.S. Treasuries|Commercial paper|Corporate bond|Certificate of deposit|Agency securities||December 29, 2018|U.S. Treasuries|Commercial paper|Corporate bond|Certificate of deposit|Agency securities|
Amortized Cost  |$10,458|3,914|33,867|3,584|24,408|$76,231|Amortized Cost|$7,997|2,296|30,833|960|8,667|$50,753
Gains  |$11|1|68|5|38|$123|Gains|$1|—|1|—|—|$2
Losses  |$—|(4)|(7)|—|(16)|$(27)|Losses|$(1)|(1)|(160)|(3)|(59)|$(224)
Fair Value  |$10,469|3,911|33,928|3,589|24,430|$76,327|Fair Value|$7,997|2,295|30,674|957|8,608|$50,531
|||Notional U.S. federal income tax expense at the statutory rate (1)|Adjustments to reconcile to the income tax expense (benefit):|U.S. state income tax benefit, net|Tax law changes|Tax credits|Non-U.S. net earnings(2)|Change in accrued income tax liabilities|Valuation allowance|Legal entity restructuring and intercompany transactions|Excess tax benefits from share-based payments|Other|Income tax expense (benefit)
|2019||$ 406||(5)|15|(22)|(166)|(61)|(163)|3|(8)|(14)|$ (15)
Fiscal|2018|(in millions)|$ 551||(7)|638|(8)|(213)|13|33|(1,329)|(24)|2|$ (344)
|2017||$ 602||(4)|7|(8)|(355)|24|(1)|(40)|(40)|(5)|$ 180
The income tax benefit for fiscal 2019 included a $216 million income tax benefit related to the tax impacts of certain measures of the Switzerland Federal Act on Tax Reform and AHV Financing (“Swiss Tax Reform”), a $90 million income tax benefit related to the effective settlement of a tax audit in a non-U.S. jurisdiction, and $15 million of income tax expense associated with the tax impacts of certain legal entity restructurings and intercompany transactions. See “Swiss Tax Reform” below for additional information regarding Swiss Tax Reform.
The income tax benefit for fiscal 2018 included a $1,222 million net income tax benefit associated with the tax impacts of certain legal entity restructurings and intercompany transactions that occurred in the quarter ended September 28, 2018. The net income tax benefit of $1,222 million related primarily to the recognition of certain non-U.S. loss carryforwards and basis differences in subsidiaries expected to be utilized against future taxable income, partially offset by a $46 million increase in the valuation allowance for certain U.S. federal tax credit carryforwards. The income tax benefit for fiscal 2018 also included $567 million of income tax expense related to the tax impacts of the Tax Cuts and Jobs Act (the “Act”) and a $61 million net income tax benefit related to the tax impacts of certain legal entity restructurings that occurred in the quarter ended December 29, 2017. See “Tax Cuts and Jobs Act” below for additional information regarding the Act.
In September 2017, we entered into an agreement to sell certain land and buildings located in Sunnyvale, California, with a book value of $118 million, for a total of $306 million, through two separate and independent closings. Upon the completion of the first closing in fiscal 2018, we consummated the sale of properties with a net book value of $66 million for cash proceeds of $210 million, resulting in a gain, net of direct selling costs, of $142 million. The remaining properties, consisting of land with a net book value of $52 million, were classified as assets held-for-sale, and included as other current assets in our consolidated balance sheets as of April 26, 2019 and April 27, 2018. We will consummate the sale of these properties, and receive cash proceeds of $96 million, upon the completion of the second closing, which is expected to occur within the next 12 months. That closing is subject to due diligence, certain termination rights and customary closing conditions, including local governmental approval of the subdivision of a land parcel.
|Land|Buildings and improvements|Leasehold improvements|Computer, production, engineering and other equipment|Computer software|Furniture and fixtures|Construction-in-progress||Accumulated depreciation and amortization|Property and equipment, net
April 26, 2019|$ 106|605|86|817|357|105|10|2,086|(1,327 )|$ 759
April 27, 2018|$ 106|594|88|733|357|99|27|2,004|(1,248 )|$ 756
(In millions)|June 30,|Land|Buildings and improvements|Leasehold improvements|Computer equipment and software|Furniture and equipment|Total, at cost|Accumulated depreciation|Total, net
|2019|$ 1,540|26,288|5,316|33,823|4,840|71,807|(35,330)|$  36,477
|2018|$ 1,254|20,604|4,735|27,633|4,457|58,683|(29,223)|$  29,460