DEXTER-CQA/TAT-QA-corpus huggingface dataset:
|Grant date|Exercise price|Number of employees|Shares under scheme|Vesting period|Expected volatility|Risk free interest rate|Expected dividend yield|Fair value
2015 Grant|1st October|2,797.0p|1,038|34,449|3 years|21%|0.4%|2.5%|2,931.3p
2016 Grant|1st October|4,477.3p|1,040|22,173|3 years|21%|0.1%|2.5%|4,696.7p
2017 Grant|1st October|5,496.7p|1,229|22,411|3 years|21%|0.4%|2.3%|5,799.0p
2018 Grant|1st October|7,240.0p|1,294|16,687|3 years|19%|0.8%|2.0%|7,623.7p
2019 Grant|1st October|7,835.0p|1,318|16,820|3 years|21%|0.5%|1.8%|8,305.1p
||Net income|Other comprehensive income (loss):(1)|Translation adjustment, net of taxes(2)|Changes in unrealized losses on available-for-sale securities, net of taxes(3)|Defined benefit pension plans, net of taxes(4)|Other comprehensive income (loss), net of tax|Comprehensive income
|September 28,2019|$53,825||(32,609)|—|(6,560)|(39,169)|$14,656
Year Ended|September 29,2018|$247,358||(18,065)|(4)|996|(17,073)|$230,285
|September 30,2017|$207,122||24,923|(3,330)|3,613|25,206|$232,328
The GTS gross profit margin increased 0.3 points year to year to 34.8 percent, due to the benefits of workforce actions and the continued scale out of our public cloud. We continued to take structural actions to improve our cost competitiveness and are accelerating the use of AI and automation in delivery operations, including leveraging Red Hat’s Ansible platform. Pre-tax income of $1,645 million decreased 7.6 percent, driven primarily by the decline in revenue and gross profit, and a higher level of workforce rebalancing charges in the current year. Pre-tax margin of 5.8 percent was essentially flat year to year, with the 2019 pre-tax margin reflecting benefits from structural and workforce actions.
($ in millions)|For the year ended December 31:|Global Technology Services|External total gross profit|External total gross profit margin|Pre-tax income|Pre-tax margin
|2019||$9,515|34.8%|$1,645|5.8%
|2018*||$10,035|34.4%|$ 1,781|5.9%
|Yr.-to-Yr. Percent/ Margin Change||(5.2)%|0.3pts.|(7.6)%|(0.2)pts.
||Projected benefit obligation at the beginning of the year|Additions due to acquisition of Microsemi|Service cost|Interest cost|Actuarial losses|Benefits paid|Foreign currency exchange rate changes|Projected benefit obligation at the end of the year|Accumulated benefit obligation at the end of the year|Weighted average assumptions|Discount rate|Rate of compensation increase
Year Ended March 31,|2019|$61.0|9.8|1.5|1.1|6.0|(0.9)|(5.8)|$72.7|$66.7||1.41%|2.79%
|2018|$50.4|—|2.2|1.0|0.7|(0.8)|7.5|$61.0|$55.5||1.73%|2.91%
||Software Solutions|Data and Analytics|Corporate and Other(1)|Total
Year ended December 31|2018|$962.0|154.5|(2.5)|$1,114.0
|2017|$904.5|151.6|(4.5)|$1,051.6
Variance|$|$57.5|2.9|2.0|$62.4
|%|6%|2%|NM|6%
Revenues were $962.0 million in 2018 compared to $904.5 million in 2017, an increase of $57.5 million, or 6%. Our servicing software solutions revenues increased 7%, or $52.5 million, primarily driven by loan growth on MSP® from new and existing  clients. Our origination software solutions revenues increased 3%, or $5.0 million, primarily driven by growth in our loan origination system solutions and a software license fee in our Lending Solutions business, partially offset by the effect of lower volumes on our Exchange and eLending platforms primarily as a result of the 26% decline in refinancing originations as reported by the Mortgage Bankers Association.
Return on invested capital (ROIC) is a measure of the return generated on capital invested by the Group. The measure provides a guide rail for longterm value creation and encourages compounding reinvestment within the business and discipline around acquisitions with low returns and long payback. ROIC is calculated as underlying operating profit after tax divided by the annual average of: goodwill, intangible assets, property, plant and equipment, net assets held for sale, inventories, trade and other current receivables, and trade payables and other current liabilities.
||Underlying operating profit before tax(b)|Tax on underlying operating profit(c)|Operating profit after tax|Goodwill|Intangible assets|Property, plant and equipment|Net assets held for sale|Inventories|Trade and other current receivables|Trade payables and other current liabilities|Period-end invested capital|Average invested capital for the period|Return on average invested capital
€ million 2019||9,947|(2,536)|7,411|18,067|12,962|12,062|81|4,164|6,695|(14,768)|39,263|38,639|19.2%
€ million 2018|(Restated)(a)|9,463|(2,432)|7,031|17,341|12,152|12,088|108|4,301|6,482|(14,457)|38,015|38,749|18.1%
||Processing|Outsourcing & Cloud|Product Delivery & Services|In-House Support|Services & Support|Total Revenue
Year Ended June 30,|2019|$594,202|405,359|231,982|321,148|958,489|$1,552,691
|2018|$550,058|361,922|251,743|307,074|920,739|$1,470,797
|2017|$506,555|327,738|256,794|297,203|$881,735|$1,388,290
|||Total segment adjusted EBITDA|Depreciation and amortization|Goodwill impairment|Other operating expenses|Share-based compensation|Operating (loss) income|Total other expense, net|(Loss) income before income taxes|Income tax expense (benefit)|Net (loss) income
|2019||$15,987|(4,829)|(6,506)|(7,216)|(162)|(2,726)|(2,040)|(4,766)|503|$(5,269)
Years Ended December 31,|2018|(Dollars in millions)|16,647|(5,120)|(2,726)|(8,045)|(186)|570|(2,133)|(1,563)|170|(1,733)
|2017||12,560|(3,936)|—|(6,504)|(111)|2,009|(1,469)|540|(849)|1,389
September 30, 2019:|Completed technologies|Customer relationships|Trade names|Total intangible assets
Weighted Average Amortization Period|6.4 years|4.8 years|4.5 years|
Cost|$20,341|17,628|618|$38,587
Accumulated Amortization|$7,104|6,701|377|$14,182
Net|$13,237|10,927|241|$24,405
|(In millions)|Total segments:|Net revenues|Operating income|Enterprise Security:|Net revenues|Operating income|Consumer Cyber Safety:|Net revenues|Operating income
|March 29, 2019||$4,731|$1,414||$2,323|$269||$2,408|$1,145
Year Ended|March 30, 2018||$4,834|$1,584||$2,554|$473||$2,280|$1,111
|March 31, 2017||$4,019|$1,026||$2,355|$187||$1,664|$839
|||Included in non-current assets:|RMB term deposits|Included in current assets:|RMB term deposits|USD term deposits|Other currencies||
As at 31 December|2019|RMB’Million||19,000||28,598|16,325|1,988|46,911|65,911
|2018|RMB’Million||–||55,180|6,349|1,389|62,918|62,918
|||Interest income|Weighted average balance of cash and investments|Weighted average yield on cash and investments  |Interest expense|Average debt outstanding|Weighted average interest rate on debt
|December 28, 2019||$2,714|$179,526|2.05 %|$1,915|$56,776|4.09 %
Fiscal Year Ended|December 29, 2018|(Dollars in thousands)|$1,356|$138,467|1.51 %|$3,314|$90,086|3.98 %
|December 30, 2017||$548|$124,637|0.84 %|$4,491|$127,598|3.07 %
Sales: CMS sales increased 23% to $207.0 million in fiscal 2018 compared to $168.9 million in 2017. The increase in sales was primarily due to increased orders and shipments of expeditionary satellite communications products, tactical networking products, and Command and Control, Intelligence, Surveillance and Reconnaissance (C2ISR) products and services. Businesses acquired during fiscal years 2018 and 2017 whose operations are included in our CMS operating segment had sales of $5.6 million and $1.5 million for fiscal years 2018 and 2017, respectively.
Operating Income: CMS had an operating loss of $0.1 million in 2018 compared to $9.3 million in 2017. CMS realized increased profits from expeditionary satellite communications products, tactical networking products, and C2ISR products and services. As mentioned above, amortization of purchased intangibles decreased to $20.8 million in 2018 compared to $23.6 million in 2017. CMS increased R&D expenditures between 2017 and 2018 by $10.8 million, primarily driven by development of new antenna technologies. Businesses acquired by CMS in fiscal years 2018 and 2017 incurred operating losses of $4.7 million in fiscal 2018 compared to $2.9 million in fiscal 2017. Included in the operating loss incurred by acquired businesses are acquisition transaction costs of $1.6 million and $1.8 million incurred in fiscal years 2018 and 2017, respectively.
FOR THE YEAR ENDED DECEMBER 31|Net earnings attributable to common shareholders – basic|Dividends declared per common share (in dollars)|Weighted average number of common shares outstanding (in millions)|Weighted average number of common shares outstanding – basic|Assumed exercise of stock options (1)|Weighted average number of common shares outstanding – diluted (in millions)
2019|3,040|3.17||900.8|0.6|901.4
2018|2,785|3.02||898.6|0.3|898.9
As at December 31, 2018|Cash and cash equivalents|Trade and other receivables|Other current financial assets (1)|Other long-term financial assets (1)|Trade and other payables|Other current financial liabilities|Other long-term financial liabilities|Indebtedness (2)|
FVTPL|$ -|-|18,632|33,796|-|(6)|(5,627)|-|$46,795
Amortised cost|$768,433|45,631|147|21,959|(30,659)|(26,380)|(48,894)|(3,853,883)|$(3,123,646)
Total|$768,433|45,631|18,779|55,755|(30,659)|(26,386)|(54,521)|(3,853,883)|$(3,076,851)
Fair Value|$768,433|45,631|18,779|55,755|(30,659)|(29,131)|(54,733)|(3,709,695)|$(2,935,620)
Fair Value hierarchy|Level 1|(3)|Level 1, Level 2|Level 1, Level 2|(3)|Level 2|Level 2|Level 2|
The following table sets forth our 60-month backlog estimate, by reportable segment, as of December 31, 2019; September 30, 2019; June 30, 2019; March 31, 2019; and December 31, 2018 (in millions). The 60-month backlog estimate includes approximately $1.5 billion as a result of the acquisition of Speedpay, which occurred on May 9, 2019. Dollar amounts reflect foreign currency exchange rates as of each period end. This is a non-GAAP financial measure being presented to provide comparability across accounting periods. We believe this measure provides useful information to investors and others in understanding and evaluating our financial performance.
|ACI On Premise|ACI On Demand|Total||Committed|Renewal|Total
December 31, 2019|$1,977|3,855|$5,832|December 31, 2019|$2,168|3,664|$5,832
September 30, 2019|$1,925|3,756|$5,681|September 30, 2019|$2,003|3,678|$5,681
June 30, 2019|$1,880|3,813|$5,693|June 30, 2019|$2,105|3,588|$5,693
March 31, 2019|$1,861|2,290|$4,151|March 31, 2019|$1,734|2,417|$4,151
December 31, 2018|$1,875|2,299|$4,174|December 31, 2018|$1,832|2,342|$4,174
|% Change ||Operating expenses:                |Research and development|Sales and marketing|General and administrative|Impairment of long-lived assets  |Restructuring  |Total operating expenses 
Year ended March 31,|2018|||$38,373|121,246|36,989|1,712|832|$199,152
|2017|(dollars in thousands)||$22,593|96,154|27,875|—|—|$146,622
Period-to-period change|Amount|||$15,780|25,092|9,114|1,712|832|$52,530
|% Change|||70%|26%|33%|nm |nm |36%
Research and development expenses increased $15.8 million in the year ended March 31, 2018 compared to the year ended March 31, 2017, which was primarily attributable to increases in personnel-related costs of $10.1 million, information technology and facility costs of $2.3 million, professional services costs of $0.9 million, share-based compensation expense of $0.7 million, travel and other costs of $0.5 million and data center costs of $0.5 million.
|Equipment|Software|Furniture and fixtures|Leasehold improvements|Construction in progress|Property and equipment, gross|Less: accumulated depreciation|Property and equipment, net
Useful life (in years)|1-3|1-3|1-3|2-8||||
December 31, 2019|$22,702|726|459|5,440|--|29,327|(21,671)|$7,656
December 31, 2018|$49,804|4,088|967|3,832|160|58,581|(51,589)|$7,262
||Customer relationships|Developed technology|Trade name|Other|Total intangible assets
|Gross Carrying Amount|$123,731|30,542|3,304|234|$157,811
December 31, 2019|Accumulated Amortization|$(39,335)|(13,722)|(1,082)|(234)|$(54,373)
|Net Carrying Value|$84,396|16,820|2,222|—|$103,438
|Weighted- Average Remaining Life|9.8|8.7|4.8|—|
||Employee costs (see note 7 to the consolidated financial statements)|Average number of employees (see note 6 to the consolidated financial statements)|Revenue (see Consolidated income statement)|Operating profit|Dividends paid and proposed and share buybacks (see notes 26 and 27 to the consolidated financial statements)
2019|£m|56.0|802|355.1|243.7|156.4
Restated 2018|£m|54.5|822|330.1|221.3|152.8¹
|% change|3%|3%|8%|10%|2%
Total resources expended for R&D serves to illustrate our total corporate efforts to improve our existing products and to develop new products regardless of whether or not our expenditures for those efforts were expensed or capitalized. Total resources expended for R&D is not a measure of financial performance under GAAP and should not be considered a substitute for R&D expense and capitalized software development costs individually. While we believe the non-GAAP total resources expended for R&D amount provides useful supplemental information regarding our overall corporate product improvement and new product creation activities, there are limitations associated with the use of this non-GAAP measurement. Total resources expended for R&D is a non-GAAP measure not prepared in accordance with GAAP and may not be comparable to similarly titled measures of other companies since there is no standard for preparing this non-GAAP measure. As a result, this non-GAAP measure of total resources expended for R&D has limitations and should not be considered in isolation from, or as a substitute for, R&D expense and capitalized software development costs individually.
The cost of RSUs is determined using the fair value of the Company’s Common Stock on the award date, and the compensation expense is recognized ratably over the vesting period. The Company recognized $6.8 million, $5.9 million, and $4.0 million in stock-based compensation expense related to outstanding RSUs in the fiscal years ended September 30, 2019, 2018, and 2017, respectively. As of September 30, 2019, the Company had approximately $12.2 million of unrecognized compensation expense related to outstanding RSUs expected to be recognized over a weighted-average period of approximately 2.3 years.
|Outstanding at September 30, 2016|Granted|Settled|Canceled|Outstanding at September 30, 2017|Granted|Settled|Canceled|Outstanding at September 30, 2018|Granted|Settled|Canceled|Outstanding at September 30, 2019
Number of Shares|2,046,169|1,249,224|(707,174)|(231,198)|2,357,021|1,184,906|(745,197)|(216,554)|2,580,176|1,147,976|(881,420)|(494,245)|2,352,487
Fair Value Per Share|$4.90|$6.61|$4.81|$4.93|$5.65|$8.54|$5.26|$7.39|$6.92|$9.67|$6.53|$7.70|8.26
||Product revenue:|Infrastructure Platforms|Applications|Security  .|Other Products|Total  .
|July 27, 2019||$30,191|5,803|2,730|281|$39,005
Years Ended|July 28, 2018||$28,322|5,036|2,352|999|$36,709
|July 29, 2017||$27,817|4,568|2,152|1,168|$35,705
2019 vs. 2018|Variance in Dollars||$1,869|767|378|(718)|$2,296
|Variance in Percent||7%|15%|16%|(72)%|6%
USDm|Fair value of derivatives:|Derivative financial instruments regarding freight and bunkers:|Forward freight agreements|Bunker swaps|Derivative financial instruments regarding interest and currency exchange rate:|Forward exchange contracts|Interest rate swaps|Fair value of derivatives as of 31 December
2019|||-0.3|-||-0.4|-11.1|-11.8
2018|||0.5|-1.2||-1.8|2.8|0.3