DEXTER-CQA/TAT-QA-corpus huggingface dataset:
Years Ended|Balance at beginning of fiscal year|Restricted stock, stock units, and other share-based awards granted|Share-based awards canceled/forfeited/expired|Shares withheld for taxes and not issued|Other|Balance at end of fiscal year
July 27, 2019|245|(67)|18|23|1|220
July 28, 2018|272|(70)|18|25|—|245
July 29, 2017|242|(76)|78|28|—|272
Construction: Net income from our Construction segment for the year ended December 31, 2019 decreased $3.0 million to $24.7 million from $27.7 million for the year ended December 31, 2018. Adjusted EBITDA from our Construction segment for the year ended December 31, 2019 increased $14.8 million to $75.7 million from $60.9 million for the year ended December 31, 2018. The increase in Adjusted EBITDA was driven by the acquisition of GrayWolf.
Marine Services: Net income (loss) from our Marine Services segment for the year ended December 31, 2019 decreased $2.9 million to a loss of $2.6 million from income of $0.3 million for the year ended December 31, 2018. Adjusted EBITDA from our Marine Services segment for the year ended December 31, 2019 decreased $2.0 million to $30.7 million from $32.7 million for the year ended December 31, 2018.
(in millions):||Construction|Marine Services|Energy|Telecommunications|Total Core Operating Subsidiaries|Life Sciences|Broadcasting|Other and Eliminations|Total Early Stage and Other|Non-Operating Corporate|Adjusted EBITDA
|2019|$ 75.7|30.7|17.0|3.4|126.8|(11.8)|(6.3)|—|(18.1)|(17.9)|$ 90.8
Year ended December 31,|2018|$ 60.9|32.7|5.5|5.3|104.4|(14.9)|(16.9)|(2.2)|(34.0)|(25.9)|$ 44.5
|Increase / (Decrease)|$  14.8|(2.0)|11.5|(1.9)|22.4|3.1|10.6|2.2|15.9|8.0|$ 46.3
For the year ended September 30, 2019, the Company granted 33,000 nonvested shares to certain key employees, 55,000 nonvested shares to certain officers including 35,000 shares granted to the Chief Executive Officer, and 20,000 nonvested shares
to its non-employee directors. For the year ended September 30, 2018, the Company granted 12,000 nonvested shares to certain key employees, 40,000 nonvested shares to certain officers including 30,000 to its Chief Executive Officer and 20,000 nonvested
shares to its non-employee directors.
The Company measures the fair value of nonvested stock awards based upon the market price of its common stock as of the date of grant. The Company used the Black-Scholes option-pricing model to value stock options. The Black-Scholes model requires the use of a number of assumptions including volatility of the Company’s stock price, the weighted average risk-free interest rate and the weighted average expected life of the options, at the time of grant. The expected dividend yield is equal to the divided per share declared, divided by the closing share price on the date the options were granted. All equity compensation awards granted for the years ended September 30, 2019 and September 30, 2018 were nonvested stock awards.
|(In millions of dollars, except ratios)|Long-term debt 1|Net debt derivative assets valued without any adjustment for credit risk 2|Short-term borrowings|Lease liabilities 3|Cash and cash equivalents|Adjusted net debt 4|Divided by: trailing 12-month adjusted EBITDA 4|Debt leverage ratio 4
As at December 31|2019|16,130|(1,414)|2,238|1,725|(494)|18,185|6,212|2.9
As at January 1|2019|14,404|(1,448)|2,255|1,545|(405)|16,351|6,157|2.7
As at December 31|2018|14,404|(1,448)|2,255|–|(405)|14,806|5,983|2.5
(In thousands)|Land|Building and land improvements|Building|Furniture and fixtures|Computer hardware and software|Engineering and other equipment|Total Property, Plant and Equipment|Less accumulated depreciation|Total Property, Plant and Equipment, net
2019|$4,575|34,797|68,157|19,959|74,399|130,430|332,317|(258,609)|$73,708
2018|$4,575|34,379|68,183|19,831|92,071|127,060|346,099|(265,464)|$80,635
2019|Fourth quarter|Third quarter|Second quarter|First quarter|2018|Fourth quarter|Third quarter|Second quarter|First quarter
High|$21.17|$17.02|$16.72|$15.55|High|$13.00|$12.98|$12.14|$10.30
Low|$13.92|$13.88|$14.72|$11.78|Low|$10.77|$11.30|$9.80|$9.08
At December 31, 2019, the total amount of gross unrecognized tax benefits was $67.0 million, of which $31.9 million would affect the Company’s effective tax rate if recognized. The Company does not have any tax positions as of December 31, 2019 for which it is reasonably possible the total amount of gross unrecognized tax benefits will increase or decrease within the following 12 months. The Company’s policy is to record interest and penalties related to unrecognized tax benefits as income tax expense. As of December 31, 2019 and 2018, respectively, the Company has accrued $5.2 million and $3.1 million related to interest and penalties, respectively.
||Balance at beginning of year|Reductions based on tax positions related to prior year|Additions based on tax positions related to prior year|Additions based on tax positions related to current year|Reductions due to tax authorities’ settlements|Reductions due to expiration of statutes of limitation|Balance at end of year
|2019|$41,198|(207)|9,562|16,517|—|(45)|$67,025
December 31,|2018|$29,938|(820)|263|11,860|(43)|—|$41,198
|2017|$35,584|(6,335)|108|9,289|(8,603)|(105)|$29,938
The initial fair value liability of the embedded cash conversion option was $82.8 million, which simultaneously reduced the carrying value of the 1.25% Notes (effectively an original issuance discount). The embedded cash conversion option is measured and reported at fair value on a recurring basis within Level 3 of the fair value hierarchy. For further discussion of the inputs used to determine the fair value of the embedded cash conversion option, refer to Note 1, “Basis of Presentation and Significant Accounting Policies.”
On April 18, 2018, we entered into a stock purchase agreement with Nova Global Supply & Services, LLC (Purchaser), an entity affiliated with GC Valiant, LP, under which we agreed to sell our CGD Services business to the Purchaser. We concluded that the sale of the CGD Services business met all of the required conditions for discontinued operations presentation in the second quarter of fiscal 2018. Consequently, in the second quarter of fiscal 2018, we recognized a $6.9 million loss within discontinued operations, which was calculated as the excess of the carrying value of the net assets of CGD Services less the estimated sales price in the stock purchase agreement less estimated selling costs.
||Net sales|Costs and expenses:|Cost of sales|Selling, general and administrative expenses|Amortization of purchased intangibles|Restructuring costs|Other income|Earnings from discontinued operations before income taxes|Net loss on sale|Income tax provision|Net income (loss) from discontinued operations
|2019|$  —||—|—|—|—|—|—|1,423|—|$  (1,423)
Years Ended September 30,|2018|$  262,228||235,279|11,365|1,373|7|(15)|14,219|6,131|3,845|$  4,243
|2017|$  378,152||342,819|17,487|2,752|208|(46)|14,932|—|401|$  14,531
The approximate impact of a 10 per cent appreciation in foreign exchange rates would be a positive movement of £50.0 million (2018: £63.4 million) to equity attributable to owners of the Group. The approximate impact of a 10 per cent depreciation in foreign exchange rates would be a negative movement of £40.9 million (2018: £51.9 million) to equity attributable to owners of the Group. There is no material income statement impact as these exchange differences are recognised in other comprehensive income.
As part of the strategy to mitigate the Group’s exposure to foreign exchange risk, the Group is able to borrow part of its RCF in euros, up to €100 million. The RCF borrowings denominated in euros have been designated as a hedging instrument (net investment hedge) against the Group’s net investment in Spain with the hedged risk being the changes in the euro/pounds sterling spot rate that will result in changes in the value of the Group’s net investments in Spain. At 31 December 2019, €100 million (2018: €100 million) was drawn in euros.
||Cost of sales (1)|Research and development|Selling, general and administrative|Special (income) charges and other, net|Pre-tax effect of share-based compensation|Income tax benefit|Net income effect of share-based compensation
|2019|$14.9|72.0|62.3|17.2|166.4|35.5|$130.9
Year Ended March 31,|2018|$13.8|42.5|36.9|—|93.2|28.3|$64.9
|2017|$18.7|46.8|62.6|—|128.1|44.2|$83.9
Our share of earnings (losses) from equity investments accounted for under the equity method is reflected as ‘‘Equity in earnings (losses) of unconsolidated investees’’ in our consolidated statements of operations. Mark-to-market gains and losses on equity investments with readily determinable fair value are reflected as ‘‘other, net’’ under other income (expense), net in our consolidated statements of operations. The carrying value of our equity investments, classified as ‘‘other long-term assets’’ on our consolidated balance sheets, are as follows:
|(In thousands)|Equity investments with readily determinable fair value:|Enphase Energy, Inc|Total equity investments with readily determinable fair value|Equity investments without readily determinable fair value:|Project entities|Other equity investments without readily determinable fair value|Total equity investments without readily determinable fair value|Equity investments with fair value option:|SunStrong Capital Holdings, LLC|SunStrong Partners, LLC|8point3 Solar Investco 3 Holdings, LLC|Total equity investment with fair value option|Equity method investments|Huansheng Corporation|Project entities|Total equity method investments|Total equity investments
As of|December 29, 2019||$173,908|173,908||2,677|5,859|8,536||8,000|9,500|—|17,500||26,533|125|26,658|$226,602
|December 30, 2018||$36,225|36,225||2,951|5,859|8,810||8,831|—|—|8,831||32,784|2,044|34,828|$88,694
Depending on the terms of the specific derivative instruments and market conditions, some of our derivative instruments may be assets and others liabilities at any particular balance sheet date. We report all of our derivative instruments at fair value and account for changes in the fair value of derivative instruments within “Accumulated other comprehensive loss” if the derivative instruments qualify for hedge accounting. For those derivative instruments that do not qualify for hedge accounting (i.e., “economic hedges”), we record the changes in fair value directly to earnings. See Note 11. “Fair Value Measurements” to our consolidated financial statements for information about the techniques we use to measure the fair value of our derivative instruments.
||Derivatives designated as hedging instruments:   |Foreign exchange forward contracts|Total derivatives designated as hedging instruments|Derivatives not designated as hedging instruments:|Foreign exchange forward contracts|Interest rate swap contracts .|Total derivatives not designated as hedging instruments .|Total derivative instruments .
|Prepaid Expenses and Other Current Assets||$226|$226||$973|—|$973|$1,199
December 31, 2019|Other Assets||$139|$139||$—|—|$—|$139
|Other Current Liabilities||$369|$369||$1,807|406|$2,213|$2,582
|Other Liabilities||$230|$230||$—|7,209|$7,209|$7,439
Col. A Description|At December 31, 2019|Allowances for sales returns and price protection and other allowances|Valuation allowance for deferred tax assets|At December 31, 2018|Allowances for sales returns and price protection and other allowances|Valuation allowance for deferred tax assets|At December 31, 2017|Allowances for sales returns and price protection and other allowances
Col B. Balance at Beginning of Period||$186|$61||$274|$—||$257
Col. C Additions(A)||$11|$127||$24|$61||$83
Col. D Deductions(B)||$(79)|$(7)||$(112)|$—||$(66)
Col. E Balance at End of Period||$118|$181||$186|$61||$274
||Asia Pacific|Travel|Local|Total Asia Pacific revenues|Europe|Travel|Local|Total Europe revenues|North America|Travel|Local|Total North America revenues|Consolidated|Travel|Local|Total revenues
Year Ended December 31,|2019||$6,274|216|6,490||32,081|4,817|36,898||57,863|10,161|68,024||96,218|15,194|$111,412
|2018||$7,351|508|7,859||30,856|5,293|36,149||56,145|11,169|67,314||94,352|16,970|$111,322
A contract asset represents our expectation of receiving consideration in exchange for products or services that we have transferred to our client. Contract assets and liabilities, or deferred revenues, are determined and presented on a net basis at the contract level since the rights and obligations in a contract with a client are interdependent. In contrast, a receivable is our right to consideration that is unconditional except for the passage of time required before payment of that consideration is due. The difference in timing of revenue recognition, billings and cash collections results in billed accounts receivable, unbilled receivables, contract assets and deferred revenues from client advances and deposits. We account for receivables in accordance with ASC Topic 310, Receivables (“ASC 310”), and assess both contract assets and receivables for impairment in accordance with ASC 310. There were no impairment charges related to contract assets for the years ended December 31, 2019 and 2018.
|Year Ended June 30,|Server products and cloud services|Office products and cloud services|Windows|Gaming|Search advertising|LinkedIn|Enterprise Services|Devices|Other|Total
|2019|$ 32,622|31,769|20,395|11,386|7,628|6,754|6,124|6,095|3,070|$  125,843
(In millions)|2018|$ 26,129|28,316|19,518|10,353|7,012|5,259|5,846|5,134|2,793|$  110,360
|2017|$ 21,649|25,573|18,593|9,051|6,219|2,271|5,542|5,062|2,611|$   96,571
||Assets:|Cash equivalents:|Money market funds .|Marketable securities:|Foreign debt|Foreign government obligations|U.S. debt .|Time deposits .|Restricted investments .|Derivative assets .|Total assets .|Liabilities:|Derivative liabilities
|December 31, 2019|||$7,322||387,820|22,011|66,134|335,541|223,785|1,338|$ 1,043,951||$ 10,021
|Quoted Prices in Active Markets for Identical Assets (Level 1)|||$7,322||—|—|—|335,541|—|—|$ 342,863||$ —
Fair Value Measurements at Reporting Date Using|Significant Other Observable Inputs (Level 2)|||$ —||387,820|22,011|66,134|—|223,785|1,338|$ 701,088||$ 10,021
|Significant Unobservable Inputs (Level 3)|||$ —||—|—|—|—|—|—|$ —||$ —
Top Ten Shareholders*||1. Life Insurance Corporation of India|2. SBI Mutual Fund|3. First State Investments Icvc- Stewart Investors Asia Pacific Leaders Fund|4. Government of Singapore|5.Oppenheimer Developing Markets Fund|6.ICICI Prudential Life Insurance Company Ltd|7.Axis Mutual Fund Trustee Limited|8.Abu Dhabi Investment Authority|9. Vanguard Emerging Markets Stock Index Fund, A Series of Vanguard International Equity Index Funds|10. Vanguard Total International Stock Index Fund
Shareholding at the beginning of the year April 1, 2018|No. of shares|75,384,947|7,056,720|15,054,489|6,497,754|7,996,009|3,886,141|4,055,256|6,296,384|7,595,080|6,179,273
|% of total shares of the Company|3.9|0.4|0.8|0.3|0.4|0.2|0.2|0.3|0.4|0.3
Cumulative shareholding at end of the year March 31, 2019|No. of shares|152,493,927|21,680,561|19,248,438|18,028,475|16,731,906|16,139,316|15,244,614|15,036,984|14,112,213|13,978,944
|% of total shares of the Company|4.1|0.6|0.5|0.5|0.5|0.4|0.4|0.4|0.4|0.4
|Profit for the period attributable to equity holders as reported under IFRS (£m)|Items excluded from adjusted operating profit disclosed above (£m)|Tax effects on adjusted items (£m)|Adjusted profit for the period attributable to equity holders (£m)|Weighted average shares (million)|Basic adjusted earnings per share|Diluted weighted average shares (million)|Diluted adjusted earnings per share
2019|166.6|37.7|(8.5)|195.8|73.7|265.7p|73.9|264.9p
2018|223.1|(34.2)|(5.0)|183.9|73.6|250.0p|73.8|249.1p
As part of the indirect channel model, Autodesk has a partner incentive program that uses quarterly attainment of monetary rewards to motivate distributors and resellers to achieve mutually agreed upon business goals in a specified time period. A portion of these incentives reduce maintenance and other revenue in the current period. The remainder, which relates to incentives on our Subscription Program, is recorded as a reduction to deferred revenue in the period the subscription transaction is billed and subsequently recognized as a reduction to subscription revenue over the contract period. These incentive balances do not require significant assumptions or judgments. Depending on how the payments are made, the reserves associated with the partner incentive program are treated on the balance sheet as either contra accounts receivable or accounts payable
($ in millions except per share amounts)|For the year ended December 31:*|Net income as reported|Income/(loss) from discontinued operations, net of tax|Income from continuing operations|Non-operating adjustments (net of tax)|Acquisition-related charges|Non-operating retirement-related costs/(income)|U.S. tax reform charge|Operating (non-GAAP) earnings|Diluted operating (non-GAAP) earnings per share
|2019|$ 9,431|(4)|$ 9,435||1,343|512|146|$11,436|$ 12.81
|2018|8,728*|5|8,723*||649|1,248|2,037|$12,657|$ 13.81
|Yr.-to-Yr. Percent Change|8.1%|NM|8.2%||107.0|(58.9)|(92.8)|(9.6)%|(7.2)%
€ thousands|Christian Klein (Co-CEO from 10/10/2019)|Jennifer Morgan (Co-CEO from 10/10/2019)|Robert Enslin (until 4/5/2019)|Adaire Fox-Martin|Michael Kleinemeier|Bernd Leukert (until 3/31/2019)|Bill McDermott (CEO until 10/10/2019, Executive Board member until 11/15/2019)|Luka Mucic|Jürgen Müller (from 1/1/2019)|Stefan Ries|Thomas Saueressig (from 11/1/2019)|Total
2019|1,925|2,894|3,480|2,667|3,253|8,606|14,689|3,391|768|2,646|128|44,446.5
2018|442.2|796.1|727.0|796.1|914.2|775.2|2,155.8|675.8|-|772.0|-|8,054.4
||Included within non-current assets:|Trade receivables|Trade receivables held at fair value through other comprehensive income|Contract assets1|Contract-related costs|Amounts owed by associates and joint ventures|Other receivables|Prepayments|Derivative financial instruments2||Included within current assets:|Trade receivables|Trade receivables held at fair value through other comprehensive income|Contract assets1|Contract-related costs|Amounts owed by associates and joint ventures|Other receivables|Prepayments|Derivative financial instruments2|
2019|€m||197|179|531|375|1|77|371|3,439|5,170||4,088|613|3,671|1,132|388|876|1,227|195|12,190
2018|€m||435|–|350|–|1|194|597|2,449|4,026||4,967|–|2,257|–|524|895|1,152|180|9,975
The internal group restructure performed in the 2007 financial year, which interposed the holding company, iSelect Limited, into the consolidated group was exempted by AASB 3 Business Combinations as it precludes entities or businesses under common control. The carry-over basis method of accounting was used for the restructuring of the iSelect Group. As such, the assets and liabilities were reflected at their carrying amounts. No adjustments were made to reflect fair values, or recognise any new assets or liabilities. No goodwill was recognised as a result of the combination and any difference between the consideration paid and the ‘equity’ acquired was reflected within equity as an equity reserve titled “Business Combination Reserve”.
|(in thousands)|January 1,|Authorizations (1)|Repurchases|December 31,
2019|Shares|||(333)|
|Amount|$6,620|$60,000|$(21,136)|$45,484
2018|Shares|||(1,001)|
|Amount|$34,892|$27,003|$(55,275)|$6,620
2017|Shares|||(99)|
|Amount|$39,385|$ -|$(4,493)|$34,892
Year Ended May 31,|(in millions)|Total revenues for operating segments|Cloud and license revenues (1)|Total revenues|Total margin for operating segments|Cloud and license revenues (1)|research and development|General and administrative|Amortization of intangible assets|Acquisition related and other|restructuring|Stock-based compensation for operating segments|Expense allocations and other, net|Interest expense|Non-operating income, net|Income before provision for income taxes
|2019|$39,526|(20)|$39,506|$23,981|(20)|(6,026)|(1,265)|(1,689)|(44)|(443)|(518)|(441)|(2,082)|815|$12,268
|2018|$39,430|(47)|$39,383|$23,857|(47)|(6,084)|(1,282)|(1,620)|(52)|(588)|(505)|(415)|(2,025)|1,185|$12,424
|2017|$37,963|(171)|$37,792|$23,208|(171)|(6,153)|(1,172)|(1,451)|(103)|(463)|(415)|(367)|(1,798)|565|$11,680
||Net sales|Cost of sales|       Gross profit|       Operating income|       Income before income taxes|Income tax expense|           Net income
|September 28, 2019
As Reported|$3,164,434|2,872,596|291,838|142,055|125,955|17,339|$108,616
Fiscal Year Ended|Adjustments due to Topic 606|$14,880|12,934|1,946|1,946|1,946|440|$1,506
|September 28, 2019
As Adjusted - Without
Adoption of Topic 606|$3,149,554|2,859,662|289,892|140,109|124,009|16,899|$107,110
(2) A person is deemed to be the beneficial owner of shares of common stock that can be acquired by such person within 60 days from March 1, 2020 upon the exercise of options or restricted stock units that vest within such 60 day period. Each beneficial owner's percentage ownership is determined by assuming that all stock options and restricted stock units held by such person (but not those held by any other person) and which are exercisable or vested within 60 days from March 1, 2020 have been exercised and vested. Assumes a base of 24,032,941 shares of our common stock outstanding as of March 1, 2020.
NAME AND ADDRESS OF BENEFICIAL OWNER|Executive Officers and Directors:|Corey M. Horowitz(3)|CMH Capital Management Corp(4)|Niv Harizman(5)|Emanuel Pearlman (6)|David C. Kahn(7)|Allison Hoffman(8)|Jonathan E. Greene(9)|All officers and directors as a group  (6 Persons)|5% Stockholders:|Steven D. Heinemann(10)|Goose Hill Capital LLC(11)|John Herzog(12)
AMOUNT AND NATURE OF BENEFICIAL OWNERSHIP(1)(2)||6,862,752|2,291,372|245,985|112,059|94,160|75,811|67,499|7,458,266||2,827,815|2,242,582|1,200,130
PERCENTAGE OF COMMON STOCK BENEFICIALLY OWNED(2)||28.0%|9.5%|1.0%|*|*|*|*|30.4%||11.8%|9.3%|5.0%
(4) Includes 2,157,097 shares of common stock owned by CMH Capital Management Corp. and 134,275 shares of common stock owned by CMH Capital Management Corp. Profit Sharing Plan. Corey M. Horowitz, by virtue of being the sole officer, director and shareholder of CMH Capital Management Corp. and the trustee of the CMH Capital Management Corp. Profit Sharing Plan, has the sole power to vote and dispose of the shares of common stock owned by CMH Capital Management Corp. and the CMH Capital Management Corp. Profit Sharing Plan.
(10) Includes 585,233 shares of common stock owned by Mr. Heinemann and 2,242,582 shares of common stock owned by Goose Hill Capital LLC. Goose Hill Capital LLC is an entity in which Mr. Heinemann is the sole member. Mr. Heinemann, by virtue of being the sole member of Goose Hill Capital LLC, has the sole power to vote and dispose of the shares of common stock owned by Goose Hill Capital LLC. The aforementioned beneficial ownership is based upon Amendment No. 7 to Schedule 13G filed by Mr. Heinemann with the SEC on February 11, 2019. The address for Mr. Heinemann is c/o Goose Hill Capital, LLC, 12378 Indian Road, North Palm Beach, Florida 33408.
|Americas|EMEA|APJC|Total
Balance at July 28, 2018|$19,998|7,529|4,179|$31,706
Acquisitions & Divestitures|$1,240|486|274|$2,000
Other|$(118)|(38)|(21)|$(177)
Balance at July 27, 2019|$21,120|7,977|4,432|$33,529
As of December 31, 2019, we had total current assets of approximately $27.1 million, compared with current liabilities of approximately $6.1 million, resulting in working capital of approximately $21.0 million and a current ratio of approximately 4.4 to 1. This compares with the working capital balance of approximately $11.5 million and the current ratio of 3.7 to 1 at December 31, 2018. This increase in working capital, as discussed in more detail below, is primarily the result of the capital we raised in 2019.