DEXTER-CQA/TAT-QA-corpus huggingface dataset:
All of the Company's restructuring activities occurred in its semiconductor products segment. The Company incurred $115.2 million in costs since the start of fiscal 2016 in connection with employee separation activities, of which $65.3 million, $1.2 million and $39.1 million was incurred during the fiscal years ended March 31, 2019, 2018 and 2017, respectively. The Company could incur future expenses as additional synergies or operational efficiencies are identified. The Company is not able to estimate future expenses, if any, to be incurred in employee separation costs. The Company has incurred $40.8 million in costs in connection with contract exit activities since the start of fiscal 2016 which includes $4.7 million of income incurred for the year ended March 31, 2019 and $0.7 million and $44.1 million of costs incurred for the years ended March 31, 2018 and 2017, respectively. The amounts recognized during the fiscal year ended March 31, 2019 were primarily related to vacated lease liabilities. While the Company expects to incur further acquisition-related contract exit expenses, it is not able to estimate the amount at this time.
||Restructuring|Employee separation costs|Gain on sale of assets|Impairment charges|Contract exit costs|Other|Legal contingencies|Non-restructuring contract exit costs and other|Total
|2019||$65.3|—|3.6|(4.7)|(0.3)|(30.2)|—|$33.7
For The Years Ended March 31,|2018||$1.2|(4.4)|—|0.7|—|—|20.0|$17.5
|2017||$39.1|—|12.6|44.1|2.8|—|—|$98.6
At March 31, 2019, we had $199.1 million of a federal net operating loss carryforwards that expire, if unused, in fiscal years 2031 to 2038, and $11.5 million of federal net operating loss carryforwards that can be carried forward indefinitely. Our Hong Kong, Malaysia, and Singapore subsidiaries have $0.4 million, $0.1 million, and $0.2 million of net operating loss carryforwards respectively. The losses for Hong Kong, Malaysia and Singapore can be carried forward indefinitely.
At March 31, 2019 our India subsidiary had $0.4 million of minimum alternative tax credits reported as other noncurrent assets on our Consolidated Balance Sheet. Our India subsidiary operates in a “Special Economic Zone (“SEZ”)”. One of the benefits associated with the SEZ is that the India subsidiary is not subject to regular India income taxes during its first 5 years of operations. The aggregate value of the benefit of the SEZ during the current fiscal year is $0.5 million.
(In thousands)|Deferred tax assets:|Accrued liabilities|Allowance for doubtful accounts|Inventory valuation reserve|Federal losses and credit carryforwards|Foreign net operating losses|State losses and credit carryforwards|Deferred revenue|Goodwill and other intangible assets|Other||Less: valuation allowance|Total|Deferred tax liabilities:|Property and equipment & software amortization|Goodwill and other intangible assets|Total|Total deferred tax liabilities
2019||$3,944|120|41|45,227|730|9,886|488|—|65|60,501|(57,852)|2,649||(361)|(2,706)|(3,067)|$(418)
2018||$2,720|143|20|42,713|623|9,592|652|286|96|56,845|(54,260)|2,585||(412)|(2,277)|(2,689)|$(104)
||Service cost—benefits earning during the period|Interest cost on projected benefit obligation|Expected return on assets|Actuarial (gain) loss|Foreign currency gain (loss)|Net pension (benefit) cost
Years Ended December 31,|2019|$-|5.3|(6.7)|7.9|-|$ 6.5
|2018|$-|5.3|(7.5)|6.7|0.1|$ 4.6
|||Unquoted equity shares, at cost|Shareholders' advances|Deemed investment in a subsidiary||Less: Allowance for impairment losses|
|31 March 2019|S$ Mil|14,259.7|5,733.0|32.5|20,025.2|(16.0)|20,009.2
Company|31 March 2018|S$ Mil|13,676.4|5,733.0|32.5|19,441.9|(16.0)|19,425.9
|1 April 2017|S$ Mil|11,001.2|6,423.3|32.5|17,457.0|(16.0)|17,441.0
|||Accumulated other comprehensive loss:|Pension plans:|Net actuarial (loss) gain|Prior service benefit (cost)|Deferred income tax benefit (expense)(1)|Total pension plans|Post-retirement benefit plans:|Net actuarial (loss) gain|Prior service (cost) benefit|Deferred income tax benefit (expense)(2)|Total post-retirement benefit plans|Total accumulated other comprehensive loss
|2017||||$(2,892)|54|1,107|(1,731)||(250)|(107)|122|(235)|$(1,966)
|Recognition of Net Periodic Benefits Expense||||179|(8)|(418)|(247)||—|20|(37)|(17)|(264)
As of and for the Years Ended December 31,|Deferrals|(Dollars in millions)|||(260)|—|65|(195)||257|—|(63)|194|(1)
|Net Change in AOCL||||(81)|(8)|(353)|(442)||257|20|(100)|177|(265)
|2018||||(2,973)|46|754|(2,173)||7|(87)|22|(58)|(2,231)
The following table presents cumulative items not recognized as a component of net periodic benefits expense as of December 31, 2017, items recognized as a component of net periodic benefits expense in 2018, additional items deferred during 2018 and cumulative items not recognized as a component of net periodic benefits expense as of December 31, 2017. The items not recognized as a component of net periodic benefits expense have been recorded on our consolidated balance sheets in accumulated other comprehensive loss:
||Balance as of June 30, 2017|Purchases|Gains (losses)|Recognized in other non-operating (expense) income, net|Balance as of June 30, 2018|Change in unrealized gains (losses) relating to assets and liabilities held as of June 30, 2018|Recognized in other non-operating income (expense), net|Balance as of June 30, 2018|Purchases|Transfer out|Gains (losses)|Recognized in finance income|Recognized in other non-operating (expense) income, net|Recognized in other comprehensive income|Balance as of June 30, 2019|Change in unrealized gains (losses) relating to assets and liabilities held as of June 30, 2019|Recognized in other non-operating income (expense), net
Capped Call||$—|87,700||12,232|99,932||12,232|$99,932|—|—||—|114,665|—|$214,597||114,665
Embedded exchange feature of Notes|(U.S. $ in thousands)|$—|(177,907)||(24,646)|(202,553)||(24,646)|$(202,553)|—|—||—|(648,573)|—|$(851,126)||(648,573)
Non-marketable investments||$—|—|||—||—|$—|23,000|(20,942)||270|—|672|$3,000||—
||Bank finance facilities (AUD)|Drawn amount|Facility limit|Bank finance facilities (NZD)|Drawn amount|Facility limit|AUD equivalent of NZD facilities|Drawn amount|Facility limit
2019|$'000||663,800|680,000||192,250|196,750||184,038|188,346
2018|$'000||520,300|605,000||87,500|121,000||80,048|110,696
On December 31, 2019, we had 48,866,220 outstanding common shares excluding 2,431,174 treasury shares. This compared to 49,318,898 outstanding common shares and 6,978,496 treasury shares at year-end 2018. Besides the cancellation of 5 million treasury shares in July 2019, the change in the number of treasury shares in 2019 was the result of approximately 950,000 repurchased shares and approximately 498,000 treasury shares that were used as part of share based payments.
(1) Based on mid-range guidelines. (2) Excludes amortization of deferred transaction costs and commitment fees but includes the impact of interest rate swaps. Potential variations in the US LIBOR rates in fiscal 2020 have not been considered. (3) Taking into consideration the interest rate swaps in effect at the end of each fiscal year. (4) Net indebtedness is defined as the aggregate of bank indebtedness, balance due on business combinations and principal on long-term debt, less cash and cash equivalents. (5) Adjusted EBITDA and financial expense for fiscal year 2018 include only eight months of MetroCast operations. (6) Specific guidance on interest coverage cannot be provided given that financial expense guidance is not provided.
In fiscal 2019, the financial leverage ratio relating to net indebtedness over adjusted EBITDA has declined as a result of the sale of Cogeco Peer 1 on April 30, 2019 for a net cash consideration of $720 million and to a lesser extent growing adjusted EBITDA and a reduction in net indebtedness from generated free cash flow. In fiscal 2020, prior to the adoption of IFRS 16 Leases, the financial leverage ratio relating to net indebtedness over adjusted EBITDA should continue to decline as a result of growing adjusted EBITDA and a projected reduction in net indebtedness from generated free cash flow.
Years ended August 31,|Average cost of indebtedness(2)|Fixed rate indebtedness(3)|Average term: long-term debt (in years)|Net indebtedness(4) / adjusted EBITDA(5)|Adjusted EBITDA / financial expense(5)
2020 Guidelines(1)|4.4%|78%|3.9|2.3|N/A (6)
2019|4.4%|78%|4.9|2.6|6.3
2018|4.4%|72%|5.7|3.8|5.4
($ in millions)|For the year ended December 31:|Systems|External Systems Hardware gross profit|External Systems Hardware gross profit margin|External Operating Systems Software gross profit|External Operating Systems Software gross profit margin|External total gross profit|External total gross profit margin|Pre-tax income|Pre-tax margin
|2018||$2,590|40.7%|$1,412|84.5%|$4,002|49.8%|$ 904|10.2%
|2017||$2,893|44.6%|$1,469|86.4%|$4,362|53.2%|$1,128|12.6%
|Yr.-to-Yr. Percent/ Margin Change||(10.5)%|(3.8)pts|(3.9)%|(1.9)pts.|(8.2)%|(3.4)pts.|(19.9)%|(2.4)pts.
||Statutory federal income tax rate|Effect of:                       |State income tax, net of federal benefit     |State credit carryforwards     |U.S. federal R&D tax credit     |Tax Reform     |Excess benefit of equity compensation     |Foreign-derived intangible income (FDII) |deduction     |Foreign operations     |Tax contingencies     |Other permanent differences     |Change in valuation allowance     |Income Tax
|2019|21.0 %     ||3.5|1.3|(1.9 )     |-|(0.1 )     ||(3.1 )     |1.1|3.7|1.5|(0.9 )     |26.1%
Year Ended December 31,|2018|21.0 %||3.4|0.3|(1.7 )     |(0.1 )     |(0.6 )     ||(1.6 )     |1.2|0.5|1.0|(0.2 )     |23.2%
|2017|35.0 %||2.3|(0.1 ) |(0.8 ) |1.5|(1.0 ) ||-|(0.1 ) |-|0.3|(0.1 ) |37.0%
The Act provides for the global intangible low-taxed income (“GILTI”) provision which requires us in our U.S. income tax return, to include foreign subsidiary earnings in excess of an allowable return on the foreign subsidiary’s tangible assets. The FASB staff provided additional guidance to address the accounting for the effects of the provisions related to the taxation of GILTI, noting that companies should make an accounting policy election to recognize deferred taxes for temporary basis differences expected to reverse as GILTI in future years or to include the tax expense in the year it is incurred. We have elected to include the tax expense in the year that we incur it.
Basic earnings per share (“EPS”) is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding during the period. The computation of diluted EPS is similar to the computation of basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding (using the if-converted and treasury stock methods), if our outstanding stock options and restricted stock units had been converted to common shares, and if such assumed conversion is dilutive.
||Income from continuing operations|Income from continuing operations attributable to noncontrolling interest|Income from continuing operations attributable to Advanced Energy Industries, Inc.|Basic weighted-average common shares outstanding|Assumed exercise of dilutive stock options and restricted stock units|Diluted weighted-average common shares outstanding|Continuing operations:|Basic earnings per share|Diluted earnings per share
|2019|$56,495|34|$56,461|38,281|214|38,495||$ 1.47|$ 1.47
Years Ended December 31,|2018|$147,149|86|$147,063|39,081|271|39,352||$ 3.76|$ 3.74
|2017|$136,101|—|$136,101|39,754|422|40,176||$  3.42|$  3.39
|Gross Balance, prior to December 31, 2018|Total impairment prior to December 31, 2018|Balance, December 31, 2018|Goodwill from acquisitions (1)|Balance, December 31, 2019
ACI On Demand|$ 183,783|—|183,783|370,834|$554,617
ACI On Premise|$ 773,340|(47,432)|725,908|—|$725,908
Total|$ 957,123|(47,432 )|909,691|370,834|$1,280,525
||Outstanding, February 3, 2017|Granted|Forfeited|Expired|Exercised|Outstanding, February 2, 2018|Granted|Special Dividend adjustment|Forfeited|Expired|Exercised|Outstanding, February 1, 2019(1)|Granted(2)|Forfeited(3)|Expired|Exercised(4)|Outstanding, January 31, 2020
|Number of Shares|1,991|745|(36)|(3)|(1,050)|1,647|574|348|(31)|—|(569)|1,969|1,571|(149)|—|(776)|2,615
VMware Stock Options|Weighted-Average Exercise Price (per share)|$69.38|13.79|55.44|93.87|53.50|54.63|16.07|n/a|24.44|—|46.73|36.50|73.19|52.83|—|39.94|56.58
|Number of Shares|39,361|20,323|(2,380)|(1,290)|(1,626)|54,388|2,832|n/a|(2,028)|(273)|(9,018)|45,901|—|(10,822)|(128)|(34,951)|—
Pivotal Stock Options|Weighted-Average Exercise Price (per share)|$6.72|9.73|8.13|6.24|5.99|7.82|14.03|n/a|9.35|7.02|6.89|8.31|—|10.65|10.10|7.59|—
In September 2016, we announced changes to retirement plans we offer to certain employees. Benefits accrued to eligible participants of our largest qualified defined benefit pension plan and certain non-qualified pension plans were frozen effective December 31, 2016. Approximately 1,900 affected employees were transitioned to the Company’s 401(k) plan that has been in effect for eligible employees since 2012, when the pension plan was closed to new entrants. We recognized the plan freeze during fiscal year 2017 as a curtailment, since it eliminated the accrual for a significant number of participants for all of their future services. We also made a voluntary pension contribution of $100.0 million to the affected plan in October 2016.
|||Store staffing|Other store costs|Distribution & warehousing|Marketing|Central costs|Total
52 weeks ended|30 Mar 2019|£m|1,044.7|950.4|564.6|155.1|694.8|3,409.6
|31 Mar 2018|£m|1,070.6|992.1|538.0|151.6|698.0|3,450.3
|Change|%|-2.4|-4.2|4.9|2.3|-0.5|-1.2
USDm|Audit fees|Fees payable to the Company's auditor for the audit of the Company's annual accounts|Audit of the Company's subsidiaries pursuant to legislation|Total audit fees|Non-audit fees|Audit-related services|Tax services|Total non-audit fees|Total
2019||0.4|0.2|0.6||0.1|0.0|0.1|0.7
2018||0.4|0.2|0.6||0.2|-|0.2|0.8
2017||0.4|0.2|0.6||0.4|-|0.4|1.0
Under SEC regulations, the remuneration of the auditor of USD 0.7m (2018: USD 0.8m, 2017: USD 1.0m) is required to be presented as follows: Audit USD 0.6m (2018: USD 0.6m, 2017: USD 0.6m) and other audit-related services USD 0.1m (2018: USD 0.2m, 2017: USD 0.4m).
|Cash flow|Adjusted operating profit|Depreciation and amortisation (excluding IFRS 16)|Depreciation of leased assets|Cash payments to pension schemes more than the charge to adjusted operating profit|Equity settled share plans|Working capital changes|Repayments of principal under lease liabilities|Capital additions (including software and development)|Capital disposals|Adjusted cash from operations|Net interest|Income taxes paid|Free cash flow|Net dividends paid|Purchase of employee benefit trust shares/Proceeds from issue of shares|(Acquisitions)/Disposals of subsidiaries (including costs)|Cash flow for the year|Exchange movements|Opening net debt|Net debt at 31st December (excluding IFRS 16)|IFRS 16 lease liability|Net debt and lease liability at 31st December
2019|£m|282.7|34.3|11.3|(5.2)|6.2|(21.4)|(11.2)|(62.4)|3.8|238.1|(5.4)|(78.4)|154.3|(76.3)|(12.5)|(138.5)|(73.0)|13.6|(235.8)|(295.2)|(38.9)|(334.1)
2018|£m|264.9|32.9|–|(4.6)|5.7|(22.5)|–|(43.4)|9.9|242.9|(6.7)|(61.6)|174.6|(67.3)|(5.0)|48.8|151.1|(13.3)|(373.6)|(235.8)|–|(235.8)
Due to the acquisition of Thermocoax, net debt increased from £235.8 million to £295.2 million at 31st December 2019, an expansion of £59.4 million. This equates to a net debt to EBITDA ratio of 0.9 times (2018: 0.8 times) excluding IFRS 16. EBITDA is defined in Note 2 and the components of net debt are disclosed in Note 24.
|Trade name|Port terminal operating rights|Customer relationships|Favorable lease terms(**)|Total Intangible assets
Acquisition Cost|$100,420|53,152|35,490|32,492|$221,554
Accumulated Amortization|$(47,966)|(11,838)|(19,520)|(2,143)|$(81,467)
Transfer/ Write off|$—|—|—|(1,150)|$(1,150)
Net Book Value December 31, 2018|$52,454|41,314|15,970|29,199|$138,937
− Nissin Foods Holdings Co., Ltd. (“Nissin”) is considered to be a related party to the Group by virtue of its 19.47% (2017/18: 19.57%) equity shareholding in Premier Foods plc and of its power to appoint a member to the Board of directors.− Oasis Management Company Ltd (“Oasis”) is considered to be a related party to the Group by virtue of its 11.99% (2017/18: 9.01%) equity shareholding in Premier Foods plc and of its power to appoint a member to the Board of directors.
|||Sale of goods:|– Hovis|Sale of services:|– Hovis|– Nissin|Total sales|Purchase of goods:|– Hovis|– Nissin|Total purchases
52 weeks ended|30 Mar 2019|£m||0.3||0.7|0.2|1.2||6.3|10.3|16.6
52 weeks ended|31 Mar 2018|£m||0.3||0.7|0.1|1.1||11.9|7.1|19.0
Contribution income decreased for the year ended December 31, 2019 compared to the prior year, primarily as a result of lower gross margin attainment, partially offset by lower operating expenses as a proportion of net revenue. Contribution margin decreased for the year ended December 31, 2019 compared to the prior year, primarily lower gross margin attainment mainly resulting from foreign exchange headwinds due to the strengthening of the U.S. dollar as well as higher provisions for sales returns.
|||Net revenue|Percentage of net revenue|Contribution income|Contribution margin
|2019||$287,372|28.8%|$67,282|23.4%
|% Change||(0.1)%||(4.1)%|
Year Ended December 31,|2018|(in thousands, except percentage data)|$287,756|27.2%|$70,142|24.4%
|% Change||6.2%||9.8%|
|2017||$270,908|26.1%|$63,865|23.6%
FOR THE YEAR ENDED DECEMBER 31, 2019|COST|January 1, 2019|Additions|Transfers|Acquired through business combinations|Lease terminations|Impairment losses recognized in earnings|December 31, 2019|ACCUMULATED DEPRECIATION|January 1, 2019|Depreciation|Transfers|Lease terminations|December 31, 2019|NET CARRYING AMOUNT|January 1, 2019|December 31, 2019
NETWORK INFRASTRUCTURE AND EQUIPMENT||3,329|527|(233)|–|(12)|(2)|3,609||1,042|373|(111)|(3)|1,301||2,287|2,308
LAND AND BUILDINGS||2,453|513|–|8|(38)|(3)|2,933||536|303|–|(22)|817||1,917|2,116
TOTAL||5,782|1,040|(233)|8|(50)|(5)|6,542||1,578|676|(111)|(25)|2,118||4,204|4,424
Our contract assets consist of unbilled amounts for technology development contracts as well as custom product contracts. Also included in contract assets are royalty revenue and carrying amounts of right of returned inventory. Long-term contract assets include the fee withholding on cost reimbursable contracts that will not be billed within a year. Contract liabilities include excess billings, subcontractor accruals, warranty expense, extended warranty revenue, right of return refund, and customer deposits. The net contract (liabilities)/assets changed by $1.0 million, due primarily to increased contract liabilities in addition to a slight increase in contract assets. The increase in contract liabilities is a result of the increased number of government research programs in addition to an increase in the number of our fixed-price contracts that have reached milestones as designated in their respective contracts, but revenue has not yet been recognized. The increase in contract assets is primarily driven by the unbilled fee required by our cost-reimbursable government contracts, which cannot be fully billed until after the specific contract is complete.
|Consolidated financial data||Net sales|Gross profit|Net income from continuing operations|Net income per share from continuing operations|Basic|Diluted|Shares used in computation:|Basic|Diluted|Total assets*|Long-term obligations|Other long-term liabilities*|Stockholders’ equity
Fiscal|2019(1)||$1,430,640|$486,465|$53,825||$2.23|$2.22||24,118|24,279|$2,083,169|$392,238|$165,881|$1,284,736
Fiscal|2018(2)||$1,902,573|$830,691|$247,360||$10.07|$9.95||24,572|24,851|$2,259,969|$420,711|$151,956|$1,314,464
Fiscal|2017(3)|(in thousands, except per share data)|$1,723,311|$750,269|$208,644||$8.52|$8.42||24,487|24,777|$2,337,800|$589,001|$166,390|$1,163,264
Fiscal|2016(4)||$857,385|$381,392|$87,502||$3.62|$3.58||24,142|24,415|$1,161,148|$—|$48,826|$910,828
Fiscal|2015(5)||$802,460|$335,399|$76,409||$3.09|$3.06||24,754|24,992|$968,947|$—|$49,939|$796,418
(2) Includes $2.9 million of after-tax restructuring charges, $0.8 million impairment and other charges, $0.7 million of after-tax acquisition costs, $0.6 million of after-tax amortization of purchase accounting step-up, $26.7 million of tax charges due to the U.S. Tax Cuts and Jobs Act transition tax and deferred tax remeasurement, $3.3 million tax charge due to an increase in valuation allowances against deferred tax assets and $12.8 million of tax benefit from the adoption of new rules for accounting for excess tax benefits and tax deficiencies for employee stock-based compensation.
(In millions, except earnings per share)|Year Ended June 30,|Net income available for common shareholders (A)|Weighted average outstanding shares of common stock (B)|Dilutive effect of stock-based awards|Common stock and common stock equivalents (C)|Earnings Per Share|Basic (A/B)|Diluted (A/C)
|2019|$  39,240|7,673|80|7,753||$ 5.11|$ 5.06
|2018|$  16,571|7,700|94|7,794||$ 2.15|$ 2.13
|2017|$  25,489|7,746|86|7,832||$ 3.29|$ 3.25
Interest income in the year ended June 30, 2019, increased compared to the years ended June 24, 2018, and June 25, 2017, primarily as a result of higher yield. Interest expense in the year ended June 30, 2019, increased compared to the year ended June 24, 2018, primarily due to issuance of the $2.5 billion of senior notes. Interest expense in the year ended June 24, 2018, decreased compared to the year ended June 25, 2017, primarily due to the conversions of 2018 and 2041 Convertible Notes as well as the retirement of the 2018 Convertible Notes in May 2018.
||Interest income|Interest expense|Gains on deferred compensation plan related assets, net|Loss on impairment of investments|Gains (losses) on extinguishment of debt, net|Foreign exchange gains (losses), net|Other, net|
June 30, 2019||$98,771|(117,263)|10,464|—|118|826|(11,077)|$(18,161)
June 24, 2018|(in thousands)|$85,813|(97,387)|14,692|(42,456)|542|(3,382)|(19,332)|$(61,510)
June 25, 2017||$57,858|(117,734)|17,880|—|(36,252)|(569)|(11,642)|$(90,459)
|(In millions)|Interest expense on our various debt instruments:|Term Loan A due July 2017(1)|Term Loan A due July 2022(2)|Term Loan A due July 2023(3)|Revolving credit facility due July 2023(3)|6.50% Senior Notes due December 2020(4)|4.875% Senior Notes due December 2022|5.25% Senior Notes due April 2023|4.50% Senior Notes due September 2023|5.125% Senior Notes due December 2024|5.50% Senior Notes due September 2025|4.00% Senior Notes due December 2027(4)|6.875% Senior Notes due July 2033|Other interest expense|Less: capitalized interest|Less: interest income|Total
|2019||$ —|6.8|8.5|1.4|25.4|21.5|23.1|20.7|22.4|22.4|1.7|31.1|19.4|(8.4)|(11.9)|$ 184.1
Year Ended December 31,|2018||$ —|—|8.9|1.9|28.1|21.5|23.1|21.8|22.4|22.4|—|31.0|18.2|(6.3)|(15.1)|$ 177.9
|2017||$ 3.6|—|18.6|2.4|28.1|21.5|23.0|21.0|22.3|22.3|—|31.0|18.3|(10.3)|(17.6)|$ 184.2
2019 vs. 2018|Change||$ —|6.8|(0.4)|(0.5)|(2.7)|—|—|(1.1)|—|—|1.7|0.1|1.2|(2.1)|3.2|$ 6.2
2018 vs. 2017|Change||$ (3.6)|—|(9.7)|(0.5)|—|—|0.1|0.8|0.1|0.1|—|—|(0.1)|4.0|2.5|$ (6.3)
||Trade receivables|Allowance for credit losses|Contract assets||The ageing analysis of trade rec The ageing analysis of trade receivables is as follows:|Current|Past due 1 – 30 days|Past due 31 – 90 days|Past due 90+ days|
CONSOLIDATED CONSOLIDATED|2019 $’000|6,165|-|16,824|22,989||4,967|1,024|130|44|6,165
|2018 $’000|4,952|(15)|23,773|28,710||4,408|291|108|130|4,937
||Adjusted operating profit|Depreciation and amortisation (excluding IFRS16 depreciation)|Cash payments to pension schemes in excess of charge to P&L|Equity settled share plans|Working capital changes|Cash generation
2019|£m|282.7|34.3|(5.2)|6.2|(21.4)|296.6
2018|£m|264.9|32.9|(4.6)|5.7|(22.5)|276.4