DEXTER-CQA/TAT-QA-corpus huggingface dataset:
Other Redeemable Noncontrolling Interests—During the year ended December 31, 2019, the Company entered into an agreement with MTN to acquire MTN’s noncontrolling interests in each of the Company’s joint ventures in Ghana and Uganda for total consideration of approximately $523.0 million. The transaction is expected to close in the first quarter of 2020, subject to regulatory approval and other closing conditions. In addition, the Company, through a subsidiary of ATC Europe, entered into an agreement with its local partners in France to form Eure-et-Loir Réseaux Mobiles SAS (“Eure-et-Loir”), a telecommunications infrastructure company that owns and operates wireless communications towers in France. The Company’s controlling interest in Eure-et-Loir is 51% with local partners holding a 49% noncontrolling interest. The agreement provides the local partners with put options, which allow them to sell outstanding shares of Eure-et-Loir to the Company, and the Company with call options, which allow it to buy the noncontrolling shares of Eure-et-Loir. The put options, which are not under the Company’s control, cannot be separated from the noncontrolling interests. As a result, the combination of the noncontrolling interests and the redemption feature requires classification as redeemable noncontrolling interests in the consolidated balance sheet, separate from equity. The value of the Eure-et-Loir interests as of December 31, 2019 was $2.7 million.
||Balance as of January 1,|Additions to redeemable noncontrolling interests|Net income (loss) attributable to noncontrolling interests|Adjustment to noncontrolling interest redemption value|Adjustment to noncontrolling interest due to merger|Purchase of redeemable noncontrolling interest|Foreign currency translation adjustment attributable to noncontrolling interests|Balance as of December 31,
|2019|$1,004.8|525.7|35.8|(35.8)|—|(425.7)|(8.3)|$1,096.5
Year Ended December 31,|2018|$1,126.2|—|(87.9)|86.7|(28.1)|—|(92.1)|$1,004.8
|2017|$1,091.3|—|(33.4)|—|—|—|68.3|$1,126.2
|||Products|Services|Total
|GM$||$7,462|6,427|$13,889
|GM%||13%|56%|20%
2018|GM$|(Dollar amount in thousands)|$6,886|5,376|$12,262
|GM%||13%|55%|20%
Increase|GM$||$576|1,051|1,627
|GM%||-%|1|-%
|($ in millions)|Cost of sales|Service cost|Total cost of sales|Selling, general and administrative expenses|Service cost|Total selling, general and administrative expenses|Other expense|Pension earnings, interest and deferrals|Curtailment charge|Total other expense|Net pension expense
|2019||$10.0|10.0||1.5|1.5||0.1|—|0.1|$11.6
Years Ended June 30,|2018||$10.5|10.5||1.6|1.6||2.1|—|2.1|$14.2
|2017||$20.2|20.2||3.9|3.9||23.8|0.5|24.3|$48.4
||Deferred tax assets:|Tax carry forwards|Allowances and reserves|Equity-based compensation|Inventory valuation differences|Prepaid cost sharing|Outside basis differences of foreign subsidiaries|Other|Gross deferred tax assets|Valuation allowance|Net deferred tax assets|Deferred tax liabilities:|Intangible assets|Convertible debt|Capita assets|Amortization of goodwill|Outside basis differences of foreign subsidiaries|Other|Gross deferred tax liabilities|Net deferred tax assets
June 30, 2019|(in thousands)||$231,390|97,671|14,661|18,516|74,139|16,260|17,972|470,609|(226,928)|243,681||(9,883)|(46,993)|(83,298)|(11,299)|—|(8,752)|(160,225)|$83,456
June 24, 2018|||$206,073|118,559|16,189|14,021|65,644|—|16,514|437,000|(199,839)|237,161||(21,558)|(60,252)|(61,429)|(10,738)|(6,656)|(7,955)|(168,588)|$68,573
|||Reportable Segment|Zayo Networks|zColo|Allstream|Total
Year Ended June 30,|2020|(in millions)||621.4|21.7|110.3|$753.4
|2021|||295.9|11.0|26.7|$333.6
|2022|||117.4|6.2|11.8|$135.4
|2023|||36.7|3.5|1.6|$41.8
|2024|||14.1|2.5|0.3|$16.9
|Thereafter|||17.5|2.0|—|$19.5
|Total|||1,103.0|46.9|150.7|$1,300.6
We had gross unrecognized tax benefits of $20.6 million and $19.8 million as of December 31, 2019 and 2018, respectively. If the current gross unrecognized tax benefits were recognized, the result would be an increase in our income tax benefit of $20.7 million and $19.6 million, respectively. These amounts are net of accrued interest and penalties relating to unrecognized tax benefits of $0.4 million and $0.2 million, respectively.
|(In thousands)|Beginning balance as of January 1|Increases for tax positions related to the current year|Decreases for tax positions related to prior years|Increases for tax positions related to prior years|Decreases relating to settlements with taxing authorities|Increases acquired in business acquisitions|Foreign currency translation|Reductions due to lapsed statute of limitations|Ending balance as of December 31
|2019|$ 19,821|1,240|0|95|0|0|3|(555)|$ 20,604
Year Ended December 31,|2018|$ 10,939|8,977|0|367|0|540|(5)|(997)|$ 19,821
|2017|$ 10,616|640|(146)|153|0|0|10|(334)|$ 10,939
|Strategy|Metrics|Adjusted EBITDA|Free Cash Flow|Revenue|Customer Experience||Strategy|Metrics|Adjusted EBITDA Run Rate (2 year)|Cumulative Adjusted EBITDA (3 year)|Relative TSR Modifier (3 year)
Short-Term Incentive Plan|Integrate and Transform|2018 & 2019 Weighting|65%|25%|—|10%|Long-Term Incentive Plan|Integrate and Transform|2018 & 2019 Weighting|100%|—|—
|Operate|2020 Weighting|50%|25%|15%|10%||Operate|2020 Weighting|—|100%|+/-20%
||(Dollars in millions)|Transitional and other employee related costs|Stock-based compensation|Professional fees and other, net|Business combination adjustments, net|Total acquisition related and other expenses
||2019|$49|—|16|(21)|$44
||Actual|3%|-100%|373%|*|-15%
Year Ended May 31,|Percent Change|Constant|4%|-100%|426%|*|-13%
||2018|$48|1|3|—|$52
Acquisition Related and Other Expenses: Acquisition related and other expenses consist of personnel related costs and stock-based compensation for transitional and certain other employees, integration related professional services, and certain business combination adjustments including certain adjustments after the measurement period has ended and certain other operating items, net. Stock-based compensation expenses included in acquisition related and other expenses resulted from unvested restricted stock-based awards and stock options assumed from acquisitions whereby vesting was accelerated generally upon termination of the employees pursuant to the original terms of those restricted stock-based awards and stock options.
|Balance as of January 1,|Additions (1)|Reversals|Foreign currency translation|Balance as of December 31,
2019|$151.9|42.5|—|(0.2)|$194.2
2018|$142.0|15.7|—|(5.8)|$151.9
2017|$144.4|11.6|(9.1)|(4.9)|$142.0
At December 31, 2019 and 2018, the Company has provided a valuation allowance of $194.2 million and $151.9 million, respectively, which primarily relates to foreign items. The increase in the valuation allowance for the year ending December 31, 2019 is due to uncertainty as to the timing of, and the Company’s ability to recover, net deferred tax assets in certain foreign operations in the foreseeable future, offset by fluctuations in foreign currency exchange rates. The amount of deferred tax assets considered realizable, however, could be adjusted if objective evidence in the form of cumulative losses is no longer present and additional weight may be given to subjective evidence such as the Company’s projections for growth.
|Cost|As of January 1, 2018|Additions|Transfer from vessels under construction|Transfer under ‘‘Other non-current assets’’|Fully amortized fixed assets|As of December 31, 2018|Additions|Return of capital expenditures|Transfer from vessels under construction|Fully amortized fixed assets|As of December 31, 2019|Accumulated depreciation|As of January 1, 2018|Depreciation|Fully amortized fixed assets|As of December 31, 2018|Depreciation|Impairment loss on vessels|Fully amortized fixed assets|As of December 31, 2019|Net book value|As of December 31, 2018|As of December 31, 2019
Vessels||4,217,866|49,036|642,776|—|(10,000)|4,899,678|26,233|(11,224)|406,870|(7,209)|5,314,348||460,815|144,611|(10,000)|595,426|156,826|162,149|(7,209)|907,192||4,304,252|4,407,156
Office property and other tangible assets||19,224|4,678|—|—|(192)|23,710|1,454|—|—|—|25,164||3,709|863|(192)|4,380|875|—|—|5,255||19,330|19,909
Total tangible fixed assets||4,237,090|53,714|642,776|—|(10,192)|4,923,388|27,687|(11,224)|406,870|(7,209)|5,339,512||464,524|145,474|(10,192)|599,806|157,701|162,149|(7,209)|912,447||4,323,582|4,427,065
Vessels under construction||166,655|637,046|(642,776)|(1,650)|—|159,275|450,918|—|(406,870)|—|203,323||—|—|—|—|—|—|—|—||159,275|203,323
As of December 31, 2019, a number of increasingly strong negative indicators such as the difference between ship broker estimates of the fair market values and the carrying values of the Group’s Steam vessels, the lack of liquidity in the market for term employment for Steam vessels and reduced expectations for the estimated rates at which such term employment could be secured, together with the continued addition of modern, larger and more fuel efficient LNG carriers to the global fleet, prompted the Group to perform an impairment assessment of its vessels in accordance with the
Net revenue in Connected Home segment decreased for the year ended December 31, 2019 compared to the prior year. Net revenue from service provider customers fell $27.8 million compared with the prior year. In addition, the North American home WiFi market contracted in fiscal 2019 affecting net revenue from non-service provider customers. The lower revenue was primarily due to declined net revenue of our home wireless, mobile and broadband modem and gateway products. Within home wireless, we experienced declines in net revenue from AC router products, WiFi mesh systems and extenders, partially offset by net revenue generated from the introduction of WiFi 6 routers. On a geographic basis, we experience net revenue declines across all three regions.
2018 vs 2017 Connected Home segment net revenue increased for the year ended December 31, 2018 compared to the prior year. The increase in Connected Home net revenue was primarily due to home wireless and broadband modem and modem gateway products, partially offset by decreased net revenue from mobile products. The growth in home wireless was experienced across both service provider and non-service provider channels, while the increase in broadband and gateway related solely to non-service provider customers. In total, net revenue from service provider customers fell $33.5 million compared to the prior year period. Geographically, net revenue increased in Americas and EMEA, but decreased in APAC.
|||Net revenue|Percentage of net revenue|Contribution income|Contribution margin
|2019||$711,391|71.2%|$67,775|9.5%
|% Change||(7.7)%||(29.7)%|
Year Ended December 31,|2018|(in thousands, except percentage data)|$771,060|72.8%|$96,340|12.5%
|% Change||0.4%||14.9%|
|2017||$768,261|73.9%|$83,870|10.9%
Robert Andersen is executive vice president and chief financial officer of Xperi Corporation. He became executive vice president and chief financial officer of Xperi Corporation in January 2014. Prior to joining Xperi Corporation, he served as executive vice president and CFO of G2 Holdings Corp. d/b/a Components Direct. Mr. Andersen previously served as CFO at Phoenix Technologies Ltd. and held senior financial roles at Wind River Systems, Inc. and NextOffice, Inc. His finance career began at Hewlett-Packard Company, where he served in various controller, treasury and technology finance management roles. Mr. Andersen served on the board of directors of publicly traded Quantum Corporation through March 2017. He currently serves on the board of directors of the Alameda County Community Food Bank in the role of vice chair. Mr. Andersen holds a B.A. in economics from the University of California, Davis, and an M.B.A. from the Anderson School of Management at the University of California, Los Angeles.
Paul Davis is general counsel and corporate secretary of Xperi Corporation. He joined Xperi Corporation in August 2011, and became general counsel and corporate secretary in July 2013. Before joining Xperi Corporation, he was an attorney at Skadden, Arps, Slate, Meagher & Flom LLP, where his practice focused on mergers and acquisitions, corporate securities matters and corporate governance. Mr. Davis holds a Juris Doctor from the University of California, Hastings College of the Law and B.A. degrees in history and political science from the University of California, San Diego. While at Hastings, he was magna cum laude, an Order of the Coif member and a managing editor on the Hastings Law Journal.
Geir Skaaden has served as our chief products and services officer since December 2016 and leads global sales, business development and product management for our portfolio of imaging and audio solutions. He served as DTS’s Executive Vice President, Products, Platforms and Solutions from October 2015 until its acquisition by the Company in December 2016, having previously served as DTS’s Senior Vice President, Corporate Business Development, Digital Content and Media Solutions since December 2013. Prior to that, Mr. Skaaden served as DTS’s Senior Vice President, Products & Platforms from April 2012 to December 2013. From 2008 to 2012, Mr. Skaaden served in a number of positions overseeing numerous aspects including strategic sales, licensing operations, and business development. Prior to joining DTS in 2008, Mr. Skaaden served as the Chief Executive Officer at Neural Audio Corporation from 2004 to 2008, where he previously served as Vice President, Corporate Development from 2002 to 2004. Mr. Skaaden holds a B.A. in Finance from the University of Oregon, a Business degree from the Norwegian School of Management and an M.B.A. from the University of Washington.
||||Communications, Media & Technology|Financial Services|Health & Public Service|Products|Resources|TOTAL
|2019|Operating Income||$1,555|1,238|739|1,720|1,053|$6,305
Fiscal||Operating Margin||18%|15|10|14|16|14.6%
|2018 (1)|Operating Income|(in millions of U.S. dollars)|$1,380|1,365|766|1,664|724|$5,899
||Operating Margin||17%|16|11|15|12|14.4%
||Increase (Decrease)||$175|(128)|(27)|56|330|$406
Year|Total reported cases|Ethics-related cases|Cases investigated and verified as ethics violations|Sexual Harassment Investigation Committees Formed|Cases investigated and verified as violations
FY 2016|116|16|2|5|5
FY 2017|113|20|4|7|3
FY 2018|150|14|1|3|3
FY 2019|205 (Note 1)|26|2 (Note 2)|4|4 (Note 3)
|||Research and development funding|Phase-out and start-up costs|Exchange gain (loss), net|Patent costs|Gain on sale of non-current assets|Other, net|Other income and expenses, net|As percentage of net revenues
|December 31, 2019||$68|(16)|1|(1)|1|1|$54|2.0%
Three Months Ended|September 29,2019|(Unaudited, in millions)|$14|(15)|(1)|(1)|—|1|$(2)|(0.1)%
|December 31, 2018||$19|(1)|—|(1)|1|(2)|$16|0.6%
||||Cash and cash equivalents|Term deposits and others||Borrowings|Notes payable|Net debt|Fair value of our stakes in listed investee companies (excluding subsidiaries)
Audited|31 December|2019|(RMB in millions)|132,991|72,270|205,261|(126,952)|(93,861)|(15,552)|419,818
Unaudited|30 September|2019||145,607|54,499|200,106|(112,148)|(95,131)|(7,173)|352,656
|||Total financial liabilities|Current financial liabilities|Non-current financial liabilities|Cash and cash equivalents as per balance sheet|Cash and cash equivalents as per cash flow statement|Add bank overdrafts deducted therein|Other current financial assets|Non-current financial assets derivatives that relate to financial liabilities|Net debt
€ million|2019||(28,257)|(4,691)|(23,566)|4,185|4,116|69|907|114|(23,051)
€ million|2018|(Restated)(a)|(26,738)|(3,613)|(23,125)|3,230|3,090|140|874|–|(22,634)
||2019|Current, unsecured|Short-term money market loans|Bank loans|Securities|Total current borrowings|Non‑current, unsecured|Bank loans|Securities|Unamortised borrowing costs|Finance leases|Total non‑current borrowings|Total
OPENING|BALANCE|$M||16|88|500|604||540|1,668|(9)|–|2,199|2,803
NON‑CASH|MOVEMENTS|$M||2|5|–|7||36|110|5|6|157|164
NET CASH|MOVEMENTS|$M||21|142|(500)|(337)||102|400|–|(3)|499|162
CLOSING|BALANCE|$M||39|235|–|274||678|2,178|(4)|3|2,855|3,129
|Unvested restricted stock units outstanding - December 31, 2017|Granted|Vested|Forfeited|Unvested restricted stock units outstanding - December 31, 2018|Granted|Vested|Forfeited|Unvested restricted stock units outstanding - December 31, 2019
Number of Units|3,106,024|853,736|(1,583,399)|(563,400)|1,812,961|60,000|(904,096)|(263,450)|705,415
Weighted-Average Grant-Date Fair Value|$3.43|1.46|3.18|3.39|$2.74|$0.98|$2.67|$2.71|$2.68
The Company’s management believes that, based on a number of factors, it is more likely than not, that all or some portion of the deferred tax assets will not be realized; and accordingly, for the year ended December 31, 2019, the Company has provided a valuation allowance against the Company’s U.S. net deferred tax assets. The net change in the valuation allowance for the years ended December 31, 2019 and 2018 was an increase of $86.0 million, $18.2 million, respectively
||Deferred tax assets|Net operating loss and credit carry-forwards|Research and development credits|Sales tax liability|Share-based compensation|Accrued liabilities|Gross deferred tax assets|Valuation allowance|Total deferred tax assets|Deferred tax liabilities|Convertible debt discount|Deferred sales commissions|Acquired intangibles|Property and equipment|Net deferred tax (liabilities) assets
|2019||$196,930|24,452|157|5,937|6,612|234,088|(180,090)|53,998||(16,701)|(28,601)|(3,857)|(6,731)|$(1,892)
Year ended December 31,|2018||$109,812|16,380|258|5,435|5,135|137,020|(94,118)|42,902||(21,035)|(18,253)|(2,670)|(3,573)|(2,629)
As of April 26, 2019, we had $296 million of gross unrecognized tax benefits, of which $252 million has been recorded in other long-term liabilities. Unrecognized tax benefits of $246 million, including penalties, interest and indirect benefits, would affect our provision for income taxes if recognized. As a result of U.S. tax reform, we recorded provisional gross unrecognized tax benefits of $114 million during fiscal 2018.
||Balance at beginning of period|Additions based on tax positions related to the current year|Additions for tax positions of prior years|Decreases for tax positions of prior years|Settlements|Balance at end of period
|April 26, 2019|$ 348|11|26|(35 )|(54 )|$ 296
Year Ended|April 27, 2018|$ 218|131|—|(1 )|—|$ 348
|April 28, 2017|$ 216|7|7|—|(12 )|$ 218
The following table presents cumulative items not recognized as a component of net periodic benefits expense as of December 31, 2018, items recognized as a component of net periodic benefits expense in 2019, additional items deferred during 2019 and cumulative items not recognized as a component of net periodic benefits expense as of December 31, 2019. 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:
|||Accumulated other comprehensive loss:|Pension plans:|Net actuarial (loss) gain|Prior service benefit (cost)|Deferred income tax benefit (expense)|Total pension plans|Post-retirement benefit plans:|Net actuarial (loss) gain|Prior service (cost) benefit|Deferred income tax benefit (expense)|Total post-retirement benefit plans|Total accumulated other comprehensive loss
|2018||||$(2,973)|46|754|(2,173)||7|(87)|22|(58)|$(2,231)
|Recognition of Net Periodic Benefits Expense||||224|(8)|(53)|163||—|16|(4)|12|175
As of and for the Years Ended December 31,|Deferrals|(Dollars in millions)|||(297)|9|69|(219)||(182)|—|44|(138)|(357)
|Net Change in AOCL||||(73)|1|16|(56)||(182)|16|40|(126)|(182)
|2019||||(3,046)|47|770|(2,229)||(175)|(71)|62|(184)|(2,413)
We are exposed to credit risk if counterparties to our trade receivables and derivative instruments are unable to meet their obligations. The concentration of credit risk from our customers is minimized because we have a large and diverse customer base. There was minimal credit risk relating to derivative instruments at December 31, 2019 and 2018. We deal with institutions that have investment-grade credit ratings, and as such we expect that they will be able to meet their obligations. We regularly monitor our credit risk and credit exposure.
Under Autodesk’s ESPP, which was approved by stockholders in 1998, eligible employees may purchase shares of Autodesk’s common stock at their discretion using up to 15% of their eligible compensation, subject to certain limitations, at 85% of the lower of Autodesk's closing price (fair market value) on the offering date or the exercise date. The offering period for ESPP awards consists of four, six-month exercise periods within a 24-month offering period.
Warrants|Outstanding December 31, 2017|Granted|Outstanding December 31, 2018|Granted|Outstanding December 31, 2019
Number|3,826,658|-|3,826,658|-|3,826,658
Weighted Average Exercise Price|$1.05|-|$1.05|-|$1.05
Weighted Average Remaining Life|4.69|-|3.69|-|2.69
||Fees payable to the Company’s auditor and its associates for:|The audit of the Company’s annual financial statements|The audit of the Company’s subsidiaries|Fees related to the audit of the Company and its subsidiaries|Audit-related assurance services1|Total fees for audit and audit-related services|Other non-audit assurance services2|Total fees
2019|£000||559|533|1,092|64|1,156|534|1,690
2018|£000||382|441|823|51|874|230|1,104
||Beginning balance|Additions|Proceeds from sales and borrower payments(1)|Loss on sale|Increase in valuation allowance|Transfers(2)|Write offs and other(3)|Ending balance
|2019|$2,876|157,928|(104,858)|—|(1,289)|251|(2,982)|$51,926
Year Ended December 31,|2018|$73,606|93,240|(161,009)|—|(92)|22|(2,891)|$2,876
|2017|$41,268|134,659|(93,044)|(500)|(584)|(5,017)|(3,176)|$73,606
|(in thousands of $)|Total other non-operating expense|Interest income|Interest expense|(Losses)/gains on derivative instruments|Other financial items, net|Income taxes|Net income attributable to non-controlling interests
|2018|—|10,133|(101,908)|(30,541)|(1,481)|(1,267)|(63,214)
December 31,|2017|(81)|5,890|(59,305)|20,696|(69)|(1,505)|(34,424)
|Change|81|4,243|(42,603)|(51,237)|(1,412)|238|(28,790)
|% Change|(100)%|72%|72%|(248)%|2,046%|(16)%|84%
Net income attributable to non-controlling interests: The net income attributable to non-controlling interests comprises of (i) $19.7 million and $1.5 million in relation to the non-controlling shareholders who hold interests in Hilli LLC and Hilli Corp (prior to the incorporation of Hilli LLC) for the year ended December 31, 2018 and 2017, respectively, and (ii) $43.5 million and $32.9 million in relation to the equity interests in our lessor VIEs for the year ended December 31, 2018 and 2017, respectively.
Net unrealized and realized gains on interest rate swap agreements: As of December 31, 2018, we have an interest rate swap portfolio with a notional amount of $950 million, none of which are designated as hedges for accounting purposes. Net unrealized gains on the interest rate swaps decreased to a gain of $0.6 million for the year ended December 31, 2018 compared to a gain of $6.6 million for the same period in 2017, due to an improvement in the long-term swap rates, offset by the decreased notional value of the swap portfolio over the period. Realized gains on our interest rate swaps increased to a gain of $8.1 million for the year ended December 31, 2018, compared to a loss of $3.8 million for the same period in 2017. The increase was primarily due to higher LIBOR rates for the year ended December 31, 2018.
||Cost of revenue |Research and development  |Sales and marketing  |General and administrative  |Total share-based compensation expense
|2019|$1,684|6,199|7,856|10,215|$25,954
Year ended March 31,|2018|$1,053|2,555|4,477|3,649|$11,734
|2017|$1,353|1,873|4,719|2,349|$10,294
In certain situations, the board of directors has approved modifications to employee share option agreements, including acceleration of vesting or the removal of exercise restrictions for share options for which the service-based vesting has been satisfied, which resulted in additional share-based compensation expense. The total modification expense in the years ended March 31, 2019, 2018 and 2017 was $3.2 million, $0.5 million and $3.0 million, respectively.