DEXTER-CQA/TAT-QA-corpus huggingface dataset:
REVENUE Fiscal 2019 fourth-quarter revenue increased by 7.0% (6.0% in constant currency). In local currency, revenue amounted to US$199.5 million compared to US$188.1 million for the same period of fiscal 2018. The increase resulted mainly from: • rate increases; • activation of bulk properties in Florida during the fourth quarter of fiscal 2019; • continued growth in Internet service customers; and • the FiberLight acquisition completed in the first quarter of fiscal 2019; partly offset by • a decrease in video service customers.
||Product revenue:|Americas|Percentage of product revenue|EMEA|Percentage of product revenue|APJC|Percentage of product revenue|Total
|July 27, 2019||$22,754|58.3%|10,246|26.3%|6,005|15.4%|$39,005
Years Ended|July 28, 2018||$21,088|57.5%|9,671|26.3%|5,950|16.2%|$36,709
|July 29, 2017||$20,487|57.4%|9,369|26.2%|5,849|16.4%|$35,705
2019 vs. 2018|Variance in Dollars||$1,666||575||55||$2,296
|Variance in Percent||8%||6%||1%||6%
||(In thousands of Canadian dollars)|Purchase price|Consideration paid at closing|Balance due on business combinations||Net assets acquired|Trade and other receivables|Prepaid expenses and other|Property, plant and equipment|Intangible assets|Goodwill|Trade and other payables assumed|Contract liabilities and other liabilities assumed|
Final|August 31, 2019|$||38,876|5,005|43,881||1,308|335|28,785|3,978|11,093|(644)|(974)|43,881
Preliminary|November 30, 2018|$||38,876|5,005|43,881||1,743|335|45,769|—|—|(644)|(3,322)|43,881
|(In thousands, except per share amounts)|Basic net income (loss) per share:|Numerator:|Net income (loss) attributable to stockholders|Denominator:|Basic weighted-average common shares|Basic net income (loss) per share|Diluted net income (loss) per share 1|Numerator:|Net income (loss) attributable to stockholders|Net income (loss) available to common stockholders|Denominator:|Basic weighted-average common shares|Effect of dilutive securities:|Restricted stock units|Dilutive weighted-average common shares:|Dilutive net income (loss) per share
|December 29, 2019|||$22,159||144,796|$0.15|||$22,159|$22,159||144,796||2,729|147,525|$ 0.15
Fiscal Year Ended|December 30, 2018|||$(811,091)||140,825|$(5.76)|||$(811,091)|$(811,091)||140,825||-|140,825|$ (5.76)
|December 31, 2017|||$(929,121)||139,370|$(6.67)|||$(929,121)|$(929,121)||139,370||-|139,370|$ (6.67)
The Company’s liabilities for unpaid and incurred, but not reported claims, for workers’ compensation, general liability, and health insurance at September 2019 and September 2018 was $1.5 million and $1.6 million, respectively. These amounts are included in accrued expenses in the accompanying Consolidated Balance Sheets. While the ultimate amount of claims incurred is dependent on future developments, in the Company’s opinion, recorded reserves are adequate to cover the future payment of claims previously incurred. However, it is possible that recorded reserves may not be adequate to cover the future payment of claims.
||Balances at beginning of period|Warranty acquired in business combinations|Increases to accruals|Warranty expenditures|Effect of changes in exchange rates|Balances at end of period
|2019|$2,084|4,818|1,752|(2,249)|8|$6,413
Years Ended December 31,|2018|$2,312|305|1,606|(2,127)|(12)|$2,084
|2017|$2,329|118|2,029|(2,184)|20|$2,312
People costs, which comprise all staff costs including third-party contractor costs, increased by 3% in the year to £56.4m (2018: £54.8m). The increase in people costs was driven primarily by underlying salary costs which increased due to strong competition for digital talent, however this has been partially offset by a reduction in average full-time equivalent employees (‘FTEs’) (including contractors) to 804 (2018: 824). The number of FTEs was particularly impacted in the fourth quarter by the transfer of 15 staff to Dealer Auction, our joint venture with Cox Automotive UK. Share-based payments, including applicable national insurance costs of £5.9m (2018: £3.7m), have been included within people costs. The year-on-year increase in the share-based payment charge was due to leavers under the Performance Share Plan in 2018 for which a credit was recognised in the prior year, and a change in the way senior management are remunerated. The Group now settles a greater proportion of the senior management incentive scheme in shares which increases the share-based payment charge with an offset realised within cash bonuses.
|||Debt(1)|Finance lease obligations(2)|Operating leases, colocation and data center obligations(3)|Unconditional purchase obligations(4)|Total contractual cash obligations
|Total||903,696|340,188|205,087|27,885|$1,476,856
|Less than 1 year||50,601|25,459|36,119|12,154|$124,333
Payments due by period|1 - 3 years|(in thousands)|691,748|48,693|42,344|1,346|$784,131
|3 - 5 years||161,347|45,311|26,138|1,307|$234,103
|After 5 years||—|220,725|100,486|13,078|$334,289
(1) These amounts include interest and principal payment obligations on our €135.0 million of 2024 Notes through the maturity date of June 30, 2024, interest and principal payments on our $445.0 million of 2022 Notes through the maturity date of March 1, 2022, interest and principal payments on our $189.2 million of 2021 Notes through the maturity date of April 15, 2021 and $12.5 million due under an installment payment agreement with a vendor.
|(in millions)|Gross unrecognized tax benefits as of June 1|Increases related to tax positions from prior fiscal years|Decreases related to tax positions from prior fiscal years|Increases related to tax positions taken during current fiscal year|Settlements with tax authorities|Lapses of statutes of limitation|Cumulative translation adjustments and other, net|Total gross unrecognized tax benefits as of May 31
|2019|$5,592|772|(135)|540|(153)|(202)|(66)|$6,348
Year Ended May 31,|2018|$4,919|200|(65)|840|(42)|(273)|13|$5,592
|2017|$4,561|128|(218)|595|(85)|(47)|(15)|$4,919
As of May 31, 2019, 2018 and 2017, $4.2 billion, $4.2 billion and $3.4 billion, respectively, of unrecognized tax benefits would affect our effective tax rate if recognized. We recognized interest and penalties related to uncertain tax positions in our provision for income taxes line of our consolidated statements of operations of $312 million, $127 million and $125 million during fiscal 2019, 2018 and 2017, respectively. Interest and penalties accrued as of May 31, 2019 and 2018 were $1.3 billion and $992 million, respectively.
Internationally, tax authorities for numerous non-U.S. jurisdictions are also examining returns affecting our unrecognized tax benefits. We believe that it was reasonably possible that, as of May 31, 2019, the gross unrecognized tax benefits could decrease (whether by payment, release, or a combination of both) by as much as $186 million ($87 million net of offsetting tax benefits) in the next 12 months related primarily to transfer pricing.
Domestically, U.S. federal and state taxing authorities are currently examining income tax returns of Oracle and various acquired entities for years through fiscal 2017. Many issues are at an advanced stage in the examination process, the most significant of which include the deductibility of certain royalty payments, transfer pricing, extraterritorial income exemptions, domestic production activity, foreign tax credits, and research and development credits taken. With all of these domestic audit issues considered in the aggregate, we believe that it was reasonably possible that, as of May 31, 2019, the gross unrecognized tax benefits related to these audits could decrease (whether by payment, release, or a combination of both) in the next 12 months by as much as $516 million ($357 million net of offsetting tax benefits). Our U.S. federal income tax returns have been examined for all years prior to fiscal 2010 and we are no longer subject to audit for those periods. Our U.S. state income tax returns, with some exceptions, have been examined for all years prior to fiscal 2007 and we are no longer subject to audit for those periods.
Stock-based compensation is measured at the grant date based on the fair value of the award and is recognized as expense over the requisite service period, which is generally the vesting period of the respective award. The Company accounts for forfeitures as they occur. The fair value of RSUs without market conditions is the fair value of the Company’s Class A common stock on the grant date. The fair value of RSUs with market conditions is estimated using a Monte Carlo simulation model. In determining the fair value of the stock options, warrants and the equity awards issued under the 2015 ESPP, the Company used the Black-Scholes option-pricing model and assumptions discussed below. Each of these inputs is subjective and generally requires significant judgment.
The weighted-average grant date fair value of stock options granted during 2017 was $2.00 per share. There were no stock options granted in 2019 or 2018. The total grant date fair value of stock options that vested during 2019, 2018, and 2017 was $2.8 million, $10.1 million and $20.2 million, respectively. As of December 31, 2019, the total unrecognized compensation expense related to unvested stock options was $0.3 million, which the Company expects to recognize over an estimated weighted average period of 0.2 years. As of December 31, 2019, the total unrecognized compensation expense related to unvested RSUs was $94.2 million, which the Company expects to recognize over an estimated weighted average period of 1.9 years. As of December 31, 2019, there was zero unrecognized compensation expense related to unvested warrants.
||Cost of revenue|Research and development|Sales and marketing|General and administrative|Total stock-based compensation expense
|2019|$6,403|44,855|11,585|14,896|$77,739
Year Ended December 31,|2018|$7,312|57,188|14,726|17,783|$97,009
|2017|$5,312|54,123|14,959|17,187|$91,581
Product Category |Fresh, vacuum-sealed chicken|Fresh, chill-packed chicken|Fresh, ice-packed chicken |Prepared chicken |Frozen chicken |Other |Total net sales 
Fiscal Year 2019|$1,310.2|1,137.7|511.5|240.8|213.0|27.1|$3,440.3
Fiscal Year 2018 |$1,139.3|1,158.3|503.6|207.6|211.5|15.7|$3,236.0
Fiscal Year 2017|$1,339.1|1,044.7|547.1|170.8|223.9|16.6|$3,342.2
Selected Financial Data (in thousands, except per share data)|||Income Statement Data|Revenue|Operating income (loss)|Net income (loss)|Net income (loss) per share—basic|Net income (loss) per share—diluted|Balance Sheet Data|Working capital|Total assets|Other borrowings|Stockholders’ equity
||2019||$84,590|$(4,590)|$(724)|$(0.02)|$(0.02)||$34,082|$135,897|$556|$107,333
||2018||$63,559|$(7,806)|$(11,807)|$(0.33)|$(0.33)||$17,221|$127,150|$810|$95,394
|Year Ended September 30,|2017||$45,390|$2,769|$14,092|$0.43|$0.40||$41,342|$71,719|$—|$61,408
||2016||$34,701|$1,824|$1,959|$0.06|$0.06||$31,980|$48,385|$—|$39,485
||2015||$25,367|$1,892|$2,526|$0.08|$0.08||$24,005|$38,746|$—|$30,433
In connection with our acquisitions, we have estimated the fair values of the cloud services and license support performance obligations assumed from our acquired companies. We generally have estimated the fair values of these obligations assumed using a cost build-up approach. The cost build-up approach determines fair value by estimating the costs related to fulfilling the obligations plus a normal profit margin. The sum of the costs and operating profit approximates, in theory, the amount that we would be required to pay a third party to assume these acquired obligations. These aforementioned fair value adjustments recorded for obligations assumed from our acquisitions reduced the cloud services and license support deferred revenues balances that we recorded as liabilities from these acquisitions and also reduced the resulting revenues that we recognized or will recognize over the terms of the acquired obligations during the post-combination periods.
Deferred cloud services and license support revenues and deferred hardware revenues substantially represent customer payments made in advance for cloud or support contracts that are typically billed in advance with corresponding revenues generally being recognized ratably over the contractual periods. Deferred services revenues include prepayments for our services business and revenues for these services are generally recognized as the services are performed. Deferred cloud license and on-premise license revenues typically resulted from customer payments that related to undelivered products and services or specified enhancements.
|(in millions)|Cloud services and license support|Hardware|Services|Cloud license and on-premise license|Deferred revenues, current|Deferred revenues, non-current (in other non-current liabilities)|Total deferred revenues
|2019|$7,340|635|360|39|8,374|669|$9,043
May 31,|2018|$7,265|645|404|27|8,341|625|$8,966
Nonvested Options|Nonvested at December, 2017|Granted|Vested|Forfeited|Nonvested at December, 2018|Granted|Vested|Forfeited|Nonvested at December, 2019
Option|1,492,861|280,000|(972,651)||800,210|126,567|(584,895)|(137,500)|204,382
Weighted-Average Exercise Price|$1.54|$1.75|$1.29||$1.63|$1.15|$1.46|$1.75|$1.74
|(In thousands)|Revenue:|Recurring revenue|Non-recurring revenue|Total revenue
|2019||$1,395,869|375,808|$1,771,677
|2018||$1,411,742|338,220|$1,749,962
Year Ended December 31,|2017||$1,176,720|320,988|$1,497,708
|2019 % Change from 2018||(1.1%)|11.1%|1.2%
|2018 % Change from 2017||20.0%|5.4%|16.8%
||Weighted-average assumptions used to determine benefit obligation at September 30:|Discount rate|Rate of compensation increase|Weighted-average assumptions used to determine net periodic benefit cost for the years ended September 30:|Discount rate|Expected return on plan assets|Rate of compensation increase
|2019||2.5%|3.1%||3.6%|5.7%|3.3%
Years Ended September 30,|2018||3.6%|3.3%||3.3%|6.8%|3.2%
|2017||3.3%|3.2%||3.0%|6.8%|3.1%
||Net actuarial gain (loss)|Amendments|Amortization of prior service cost (benefit) .|Settlement and curtailment loss (gain) .|Recognized net actuarial loss (gain)|Net amount recognized .
Pension Benefits|2019|$(72.1)|(1.4)|3.1|—|5.1|$(65.3)
|2018|$120.0|(0.6)|2.9|2.0|3.4|$127.7
Other Benefits|2019|$25.1|0.8|(2.2)|(1.6)|(1.4)|$20.7
|2018|$16.8|17.2|(3.4)|—|—|$30.6
||Beginning balance|Additions for tax positions of prior years|Reductions for tax positions of prior years(1)|Additions for tax positions related to current year(2)|Cash settlements|Reductions from lapses in statutes of limitations|Reductions from settlements with taxing authorities(3)|Foreign exchange rate adjustment|Ending balance|Unrecognized tax benefits that would affect the effective tax rate (if recognized)
|2019|$256,705|20,158|(106,252)|35,769|—|(2,570)|(35,582)|(3,845)|$164,383|$93,237
Fiscal Year Ended August 31,|2018|$201,355|14,465|(21,045)|81,866|(1,659)|(7,496)|(5,928)|(4,853)|$256,705|$117,455
|2017|$149,898|2,155|(12,233)|77,807|(2,298)|(10,446)|(6,061)|2,533|$201,355|$75,223
|$ MILLION|Sales|LBITDA before|significant items|Depreciation and amortisation|LBIT before significant items|Significant items|LBIT after significant items|Gross margin (%)|Cost of doing business (%)|LBIT 2 to sales (%)|Sales per square metre ($)$)|Funds employed|ROFE (%)
F19|53 WEEKS|3,797||(5)|(80)|(85)|(371)|(456)|31.1|33.4|(2.3)|3,629|204|(23.0)
F18|52 WEEKS|3,566||(30)|(80)|(110)|–|(110)|31.7|34.8|(3.1)|3,369|502|(23.3)
|CHANGE|6.5%||(82.2)%|0.7%|(22.2)%|n.m.|315.5%|(59) bps|(142) bps|83 bps|7.7%|(59.4)%|24 bps
CHANGE|NORMALISED|4.2%||(88.7)%|0.7%|(24.0)%|n.m.|313.7%|(49) bps|(132) bps|84 bps|5.4%||77 bps
|||Mobile service (1)|Sale of equipment|Handset operating lease income|Mobile|Data and Internet|Business solutions|Cyber security|Other managed services|Infocomm Technology (“ICT”) (2)|Digital businesses (3)|Fixed voice|Pay television|Others (4)|Operating revenue|Operating revenue|Other income|Interest and investment income (see Note 10)|Total
Group|2019|S$ Mil|5,395.7|2,876.7|140.5|8,412.9|3,340.9|604.1|548.7|1,880.8|3,033.6|1,245.3|899.0|372.7|67.3|17,371.7|17,371.7|224.7|38.1|17,634.5
|2018|S$ Mil|5,737.3|2,414.5|25.2|8,177.0|3,435.7|560.7|527.1|1,920.0|3,007.8|1,113.1|1,084.3|369.4|80.7|17,268.0|17,268.0|258.8|45.5|17,572.3
As at 31 March 2019, the transaction price attributable to unsatisfied performance obligations for ICT services rendered by NCS Pte. Ltd. is approximately S$3 billion which will be recognised as operating revenue mostly over the next 5 years.
As at 31 March 2019, the transaction price attributable to unsatisfied performance obligations for ICT services rendered by NCS Pte. Ltd. is approximately S$3 billion which will be recognised as operating revenue mostly over the next 5 years.
|Gross amount at beginning|Additions during period:|Acquisitions|Discretionary capital projects (1)|Discretionary ground lease purchases (2)|Redevelopment capital expenditures (3)|Capital improvements (4)|Start-up capital expenditures (5)|Other (6)|Total additions|Deductions during period:|Cost of real estate sold or disposed|Other (7)|Total deductions:|Balance at end
2019|$15,960.1||887.0|258.1|189.8|213.6|161.2|71.3|45.2|1,826.2||(304.6)|(52.4)|(357.0)|$17,429.3
2018|$15,349.0||721.4|173.5|180.4|177.3|94.0|113.1|(3.0)|1,456.7||(395.7)|(449.9)|(845.6)|$15,960.1
2017|$14,277.0||499.7|120.7|150.4|138.8|65.6|158.1|106.4|1,239.7||(246.5)|78.8|(167.7)|$15,349.0
|(Amounts in thousands)|Specialty egg|Delivery expense|Payroll and overhead|Stock compensation|Other expenses|Total
Fiscal Years Ended|June 1, 2019|$53,263|53,595|38,343|3,619|25,975|$174,795
|June 2, 2018|$54,300|53,177|37,191|3,467|31,181|$179,316
|Change|$(1,037)|418|1,152|152|(5,206)|$(4,521)
|Percent Change|(1.9)%|0.8%|3.1%|4.4%|(16.7)%|(2.5)%
Payroll and overhead increased $1.2 million, or 3.1%, compared to the same period of last year primarily due to annual salary increases. As a percentage of net sales, payroll and overhead is 2.8% and 2.5% for fiscal 2019 and 2018, respectively. As a percentage of net sales, delivery expense is 3.9% and 3.5% for fiscal 2019 and 2018, respectively. Other expenses decreased $5.2 million, or 16.7%, primarily due to reduced legal expense as a result of the Company's settlement of several antitrust claims in the prior year. The fiscal 2018 amount also included costs associated with preparation for the Company's special shareholders meeting held in July 2018. Insurance expense, which is also a part of other expenses, was flat year over year due to decreases in the Company's liability for incurred but not reported claims being offset by overall increases in premiums for fiscal 2019 compared with fiscal 2018. Selling, general and administrative expenses ("SG&A"), which include costs of marketing, distribution, accounting and corporate overhead, were $174.8 million in fiscal 2019, a decrease of $4.5 million, or 2.5%, compared to fiscal 2018. As a percent of net sales, selling, general and administrative expense increased from 11.9% in fiscal 2018 to 12.8% in fiscal 2019, due to the decrease in net sales in fiscal 2019. Selling, general and administrative expenses ("SG&A"), which include costs of marketing, distribution, accounting and corporate overhead, were $174.8 million in fiscal 2019, a decrease of $4.5 million, or 2.5%, compared to fiscal 2018. As a percent of net sales, selling, general and administrative expense increased from 11.9% in fiscal 2018 to 12.8% in fiscal 2019, due to the decrease in net sales in fiscal 2019.
|(In millions of dollars)|Interest on borrowings 1|Interest on post-employment benefits liability|Loss on repayment of long-term debt|(Gain) loss on foreign exchange|Change in fair value of derivative instruments|Capitalized interest|Other|Finance costs before interest on lease liabilities|Interest expense on lease liabilities|Total finance costs
Years ended December 31|Note||23|21||||||8|
Years ended December 31|2019|746|11|19|(79)|80|(19)|21|779|61|840
Years ended December 31|2018|709|14|28|136|(95)|(20)|21|793|-|793
RELATIVE IMPORTANCE OF SPEND ON PAY|Expenditure USDm|Dividends paid|Purchase of outstanding treasury shares in TORM A/S|Purchase/disposals of treasury shares|Total|Staff costs|Retained earnings
|2019|-|-|-|-|45.8|920.0
|2018|-|-|-|-|46.2|752.0
|2017|1.2|-|-|1.2|43.8|786.0
|||Reseller revenue|Internal-use revenue|Collaborative technology project receipts
||January 31, 2020|$3,288|82|10
Revenue and Receipts|For the Year Ended As of|February 1, 2019|$2,355|41|4
||February 2, 2018|$1,464|46|—
Unearned Revenue|As of|January 31, 2020|$3,787|57|n/a
||February 1, 2019|$2,554|29|n/a
||Reconciliation of free cash flow:|Net cash provided by operating activities|Capital expenditures|Capitalized software costs|Free cash flow|Free cash flow margin
|2019||$115,549|(18,034)|(24,668)|$72,847|12.6%
Year Ended December 31,|2018||$90,253|(14,895)|(25,515)|$49,843|9.3%
|2017||$67,510|(7,100)|(20,571)|$39,839|8.3%
Global Financing total revenue decreased 17.8 percent compared to the prior year. This was due to a decrease in internal revenue of 23.5 percent, driven by decreases in internal used equipment sales (down 27.4 percent to $862 million) and internal financing (down 12.6 percent to $370 million). External revenue declined 11.9 percent due to decreases in external financing (down 8.5 percent to $1,120 million) and external used equipment sales (down 23.4 percent to $281 million).
Sales of used equipment represented 43.4 percent and 48.5 percent of Global Financing’s revenue for the years ended December 31, 2019 and 2018, respectively. The decrease in 2019 was due to a lower volume of internal used equipment sales. The gross profit margin on used sales was 52.2 percent and 54.2 percent for the years ended December 31, 2019 and 2018, respectively. The decrease in the gross profit margin was driven by lower margins on internal used equipment sales.
($ in millions)|For the year ended December 31:|External revenue|Internal revenue|Total revenue|Pre-tax income
|2019|$1,400|1,232|$2,632|$1,055
|2018|$1,590|1,610|$3,200|$1,361
|Yr.-to-Yr. Percent Change|(11.9) %|(23.5)|(17.8) %|(22.5) %
Amortization expense of other intangible assets was $364.7, $316.5, and $294.3 during the years ended December 31, 2019, 2018 and 2017, respectively. Amortization expense is expected to be $400 in 2020, $383 in 2021, $379 in 2022, $347 in 2023 and $321 in 2024.
|Assets subject to amortization:|Customer related intangibles|Unpatented technology|Software|Patents and other protective rights|Trade names|Assets not subject to amortization:|Trade names|Balances at December 31, 2018|Assets subject to amortization:|Customer related intangibles|Unpatented technology|Software|Patents and other protective rights|Trade names|Assets not subject to amortization:|Trade names|Balances at December 31, 2019
Cost||$3,926.8|504.0|172.0|9.7|7.3||608.9|$  5,228.7||$  4,955.4|613.0|172.2|12.0|7.9||659.8|$ 6,420.3
Accum. amort.||$(1,083.6)|(199.5)|(93.2)|(7.5)|(2.8)||—|$(1,386.6)||$(1,349.4)|(279.6)|(111.5)|(8.0)|(4.1)||—|$(1,752.6)
Net book value||$  2,843.2|304.5|78.8|2.2|4.5||608.9|$  3,842.1||$  3,606.0|333.4|60.7|4.0|3.8||659.8|$ 4,667.7