DEXTER-CQA/TAT-QA-corpus huggingface dataset:
||Revenues|Expenses:|Operating expenses|Depreciation and amortization|Transition and integration costs|Total expenses|Operating income|Operating margin|Interest expense, net|Other expense, net|Earnings before income taxes and equity in losses of unconsolidated affiliates|Income tax expense (benefit)|Earnings before equity in losses of unconsolidated affiliates|Equity in losses of unconsolidated affiliates, net of tax|Net earnings|Earnings per share:|Net earnings per share attributable to Black Knight common shareholders:|Diluted|Weighted average shares of common stock outstanding:|Diluted
|2019|$1,177.2||646.0|236.2|5.4|887.6|289.6|24.6%|(63.5)|(1.4)|224.7|41.9|182.8|(74.0)|$108.8|||$0.73||148.6
Year ended December 31,|2018|$1,114.0||625.4|217.0|6.6|849.0|265.0|23.8%|(51.7)|(7.1)|206.2|37.7|168.5|—|$168.5|||$1.14||148.2
|2017|$1,051.6||569.5|206.5|13.1|789.1|262.5|25.0%|(57.5)|(12.6)|192.4|(61.8)|254.2|—|$254.2|||$1.47||152.4
Investing Activities: During the year ended December 31, 2019, cash used in investing activities of $3.8 million was related to purchases of marketable securities of $24.5 million, purchases of property and equipment of $0.4 million and purchase of additional investment in JVP of $0.7 million offset by redemptions of marketable securities of $18.3 million and $3.5 million from the sale of our interest in JVP.
Net cash provided by operating activities was $25.6 million for the year ended December 31, 2018 and is comprised of $20.7 million in net income, $1.6 million in stock-based compensation, $1.8 million in depreciation and amortization, $3.4 million change in warrant liability and a change in deferred income taxes of $2.5 million, offset by a $4.4 million change in net operating assets and liabilities.
|||Revenues|Cost of revenues|Gross profit|Gross margin|Operating expenses:|Selling, general and administrative|Research and development|Total operating expenses|Other income (expense)|Income before income taxes|Income tax provision (benefit)|Net income
|2018||$82.3|15.3|67.0|81%||32.2|2.1|34.3|(4.0)|28.7|8.0|$20.7
For the Year Ended December 31,|2017|(In millions, except percentages)|$50.5|6.0|44.5|88%||28.6|1.5|30.1|2.2|16.6|(6.2)|$22.8
|Change||$31.8|9.3|22.5|||3.6|0.6|4.2|(6.2)|12.1|14.2|$(2.1)
|% Change||63%|155%|51%|||13%|40%|14%|(282)%|73%|(229)%|(9)%
Cogeco provides executive, administrative, financial and strategic planning services and additional services to the Corporation under a Management Services Agreement (the "Agreement"). On May 1, 2019, the Corporation and Cogeco agreed to amend the Agreement in order to replace the methodology used to establish the management fees payable by the Corporation to Cogeco, which was based on a percentage of the consolidated revenue of the Corporation, with a new methodology based on the costs incurred by Cogeco plus a reasonable mark-up. This cost-plus methodology was adopted to avoid future variations of the management fee percentage due to the frequent changes of the Corporation's consolidated revenue pursuant to business acquisitions and divestitures. Prior to this change, management fees represented 0.75% of the consolidated revenue from continuing and discontinued operations of the Corporation (0.85% for the period prior to the MetroCast acquisition on January 4, 2018). Provision is made for future adjustment upon the request of either Cogeco or the Corporation from time to time during the term of the Agreement. For fiscal 2019 management fees paid to Cogeco amounted to $19.9 million, compared to $19.0 million for fiscal 2018.
|Income tax expense, as reported (GAAP)|Accumulated foreign earnings assertion |U.S. Tax Reform|Impact of other special tax items|Impact of valuation allowance release |Impact of one-time employee bonus|Income tax expense, as adjusted (non-GAAP) (1)
2019|$17.3|10.5|(7.0)|0.2|—|—|$21.0
2018|$94.6|—|(85.9)|(1.1)|3.6|0.3|$11.5
|(in thousands)|Cash equivalents|Marketable securities:|Municipal bonds|Corporate bonds|Total marketable securities|Investments in privately-held companies (1)
|Level 1|$10,155||$—|—|$—|$—
December 31, 2018|Level 2|$10,000||$44,705|$48,296|$93,001|—
|Level 3|-||—|—|—|$3,390
|Total|$20,155||$44,705|$48,296|$93,001|$3,390
||Net income per share:|Basic|Diluted|Weighted average common shares:|Basic|Diluted
|December 27, 2019 ||$0.82|$0.81||29,532,342|30,073,338
Fiscal Year Ended|December 28, 2018 ||$0.71|$0.70||28,703,265|29,678,919
|December 29, 2017||$0.55|$0.54||26,118,482|27,424,526
||Semiconductor Test|System Test|Wireless Test|Industrial Automation|Corporate and Other (1)|
2019||$417.0|93.5|35.6|(5.9)|(14.4)|$525.8
2018|(in millions)|$397.6|48.9|29.1|7.7|(15.4)|$467.8
2018-2019 Change||$19.4|44.6|6.5|(13.6)|1.0|$58.0
The increase in income before income taxes in Semiconductor Test from 2018 to 2019 was driven primarily by an increase in semiconductor tester sales for 5G infrastructure and image sensors, partially offset by a decrease in sales in the automotive and analog test segments. The increase in income before income taxes in System Test from 2018 to 2019 was primarily due to higher sales in Storage Test of 3.5” hard disk drive testers, higher sales in Defense/Aerospace test instrumentation and systems, and higher sales in Production Board Test from higher 5G demand. The increase in income before income taxes in Wireless Test from 2018 to 2019 was primarily due to higher demand for millimeter wave and cellular test products driven by new wireless standards and 5G partially offset by lower sales in connectivity test products and services. The decrease in income before income taxes in Industrial Automation from 2018 to 2019 was due primarily to higher sales and marketing, and engineering spending.
|||||Allowance for doubtful accounts:|Fiscal 2017|Fiscal 2018|Fiscal 2019|Warranty reserve:|Fiscal 2017 (1)|Fiscal 2018|Fiscal 2019|Deferred tax assets valuation allowance:|Fiscal 2017 (1)|Fiscal 2018 (2)|Fiscal 2019
||Balance at|beginning|of year||622|962|1,186||1,892|6,518|5,734||1,618|6,587|16,844
Charged|(credited)|to costs|and|expenses||541|685|1,230||1,305|1,331|1,126||1,391|-|799
||||Deductions||(201)|(461)|(660)||(2,562)|(2,115)|(5,462)||-|(4,835)|(6,714)
||||Other||-|-|||5,883|-|||3,578|15,092|-
||Balance at|end of|year||962|1,186|1,756||6,518|5,734|1,398||6,587|16,844|10,929
In order to protect our manufacturing partners from losses in relation to AirBar production, we agreed to secure the value of the inventory with a bank guarantee. Since the sale of AirBars has been lower than expected, a major part of the inventory at the partner remained unused when the due date of the bank guarantee neared and Neonode therefore agreed that the partner should keep inventory for the production of 20,000 AirBars and the rest be purchased by us. The inventory value of these purchases has been fully reserved.
|(In millions of dollars, except tax rates)|Statutory income tax rate|Income before income tax expense|Computed income tax expense|Increase (decrease) in income tax expense resulting from:|Non-deductible stock-based compensation|Non-deductible portion of equity losses|Income tax adjustment, legislative tax change|Non-taxable portion of capital gains|Other items|Total income tax expense|Effective income tax rate|Cash income taxes paid
Years ended December31|2019|26.7%|2,755|736||–|7|(23)|(2)|(6)|712|25.8%|400
|2018|26.7%|2,817|752||5|1|-|(9)|9|758|26.9%|370
(vii) Methane Princess lease security deposit movements - This represents net advances from Golar Partners since its IPO, which correspond with the net release of funds from the security deposits held relating to a lease for the Methane Princess. This is in connection with the Methane Princess tax lease indemnity provided to Golar Partners under the Omnibus Agreement. Accordingly, these amounts will be settled as part of the eventual termination of the Methane Princess lease.
(iii) Interest income on short-term loan, balances due(to)/from Golar Partners and its subsidiaries - Receivables and payables with Golar Partners and its subsidiaries comprise primarily of unpaid management fees and expenses for management, advisory and administrative services, dividends in respect of the Hilli Common Units and other related party arrangements including the Hilli Disposal. In addition, certain receivables and payables arise when we pay an invoice on behalf of a related party and vice versa. Receivables and payables are generally settled quarterly in arrears. Balances owing to or due from Golar Partners and its subsidiaries are unsecured, interest-free and intended to be settled in the ordinary course of business. In November 2019, we loaned $15.0 million to Golar Partners, with interest of LIBOR plus 5.0%. The loan was fully repaid, including interest of $0.1 million, in December 2019.
|(IN MILLIONS)|Finance lease obligations(a)|Operating leases(b)|Other contractual obligations(c)|Long-term debt, including current portion(a)|Interest(d)|Pension fund obligations(e)|Total
Payments due by period|Total|$162|574|1,639|8,164|1,038|28|$11,605
|2020|$61|136|627|854|354|28|$2,060
|2021|$42|99|295|702|315|—|$1,453
|2022|$29|75|203|2,399|216|—|$2,922
|2023|$15|53|190|3,710|115|—|$4,083
|2024|$7|40|185|—|25|—|$257
|Thereafter|$8|171|139|499|13|—|$830
|Current assets:|Cash|Cash equivalents:|Money market funds|Total cash equivalents|Total cash and cash equivalents|Short-term investments:|Corporate bonds|US treasury securities|Commercial paper|Total short-term investments|Long-term investments:|Strategic investments|Total long-term investments
Amortized Cost||$54,275||129,321|129,321|183,596||58,115|138,826|7,973|204,914||1,250|$1,250
Unrealized Gains||$—||—|—|—||—|—|—|—||—|$—
Unrealized Losses||$—||—|—|—||(82)|(100)|—|(182)||—|$—
Fair Value||$54,275||129,321|129,321|183,596||58,033|138,726|7,973|204,732||1,250|$1,250
||Weighted–average fair value of options granted|Weighted-average assumptions used:|Expected volatility|Risk–free interest rate|Expected dividend yield|Expected life (in years)|Forfeiture rate (based on historical rates)|Average exercise share price|Derived service period (in years)*
|2019|$8.39||25.72%|2.57%|1.54%|4.44|6%|$38.81|N/A
Year Ended June 30,|2018|$7.58||26.95%|2.18%|1.50%|4.38|6%|$34.60|N/A
|2017|$7.06||28.32%|1.46%|1.43%|4.51|5%|$31.75|1.79
Category|Promoters|Other Entities of the Promoter Group|Mutual Funds & UTI|Banks, Financial Institutions, States and Central Government|Insurance Companies|Foreign Institutional Investors and Foreign Portfolio Investors - Corporate|NRI's / OCB's / Foreign Nationals|Corporate Bodies / Trust|Indian Public & Others|Alternate Investment Fund|IEPF account|GRAND TOTAL||Name of the shareholder*|1. Tata Sons Private Limited|2. Life Insurance Corporation of India|3. SBI Mutual Fund|4. First State Investments Icvc- Stewart Investors Asia Pacific Leaders Fund|5. Government of Singapore|6. Oppenheimer Developing Markets Fund|7. ICICI Prudential Life Insurance Company Ltd|8. Axis Mutual Fund Trustee Limited|9. Abu Dhabi Investment Authority|10. Vanguard Emerging Markets Stock Index Fund, A Series of Vanguard International Equity Index Funds
Number of equity shares held|2,702,450,947|1,091,053|93,357,668|2,750,113|196,172,807|592,842,601|4,854,682|26,208,151|130,744,399|1,663,495|248,790|3,752,384,706||Number of equity shares held|2,702,450,947|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
Percentage of holding|72.0|-|2.5|0.1|5.2|15.8|0.1|0.7|3.6|-|-|100.0||Percentage of holding|72.0|4.1|0.6|0.5|0.5|0.5|0.4|0.4|0.4|0.4
||Balance at beginning of period|Remediation expense|Remediation payments|Other activity (1)|Balance at end of the period
|2019|$11,274|2,602|(2,455)|23|$11,444
Years Ended December 31,|2018|$17,067|1,182|(6,967)|(8)|$11,274
|2017|$18,176|307|(1,416)|—|$17,067
|||Long-term debt(1)|Unsecured bonds|Loans|Lease obligations(2)|Purchase obligations(3)|Other long-term obligations(4)|Total contractual cash obligations
|Total|||39,940|51,058|7,128|38,878|21,411|158,415
|Less than 1 Year|||20,660|18,316|741|29,832|101|69,650
Payments Due by Period|1-3 Years|(in NT$ millions)$ millions)||10,590|19,632|1,414|2,845|12,765|47,246
|4-5 Years|||8,690|13,098|1,181|1,810|8,446|33,225
|After 5 Years|||—|12|3,792|4,391|99|8,294
||Merchant fees|Interchange fees|Transaction fees|Servicing fees(1)|Other(2)|Servicing and other|Total revenue
|2019|$361,755|44,150|405,905|123,697|44|123,741|$529,646
Year Ended December 31,|2018|$297,776|51,128|348,904|65,597|172|65,769|$414,673
|2017|$234,548|44,410|278,958|46,575|354|46,929|$325,887
|2021|2022|2023|2024|2025|Thereafter|Total
Future Lease Commitments(1)|$144|141|127|101|77|612|$1,202
Purchase Obligations|$168|74|13|—|—|—|$255
Asset Retirement Obligations|$1|3|2|—|2|5|$13
Total|$313|218|142|101|79|617|$1,470
Years ended August 31,|(in thousands of dollars, except percentages)|Revenue|Operating Expenses|Management fees – Cogeco Inc.|Adjusted EBITDA|Adjusted EBITDA margin
2019 (1)|$|2,331,820|1,203,980|19,900|1,107,940|47.5%
2018 (2)|$|2,147,404|1,121,625|18,961|1,006,818|46.9%
Change|%|8.6|7.3|5.0|10.0|
Change in constant currency (3)|%|6.8|5.4|5.0|8.5|
Foreign exchange impact (3)|$|37,433|21,636|-|15,797|
|Unbilled receivables|Prepaid income tax|Value added tax and other consumption tax receivables|Prepaid assets|Prepaid operating ground leases|Other miscellaneous current assets|Prepaid and other current assets
As of December 31, 2019|$142.3|185.8|71.3|56.8|—|57.4|$513.6
As of December 31, 2018|$126.1|125.1|86.3|40.5|165.0|78.2|$621.2
Sales and marketing expense increased by $18.1 million in 2019 compared to 2018. The increase was primarily due to a $15.5 million increase in employee-related costs, which includes stock-based compensation, associated with our increased headcount from 286 employees as of December 31, 2018 to 345 employees as of December 31, 2019. The remaining increase was principally the result of a $1.2 million increase in trade show and advertising costs and a $1.0 million increase attributed to office related expenses to support the sales team.
|($ in millions)|Net sales|Less: surcharge revenue|Net sales excluding surcharge revenue|Operating income|Special items:|Loss on divestiture of business|Adjusted operating income excluding special items|Operating margin|Adjusted operating margin excluding surcharge revenue and special items
Fiscal Year|2018|$2,157.7|365.4|$1,792.3|$189.3||—|$189.3|8.8%|10.6%
|2017|$1,797.6|239.2|$1,558.4|$121.5||3.2|$124.7|6.8%|8.0%
Our operating income in fiscal year 2018 increased to $189.3 million, or 8.8 percent of net sales as compared with $121.5 million, or 6.8 percent in net sales in fiscal year 2017. Excluding surcharge revenue and special items, adjusted operating margin was 10.6 percent for the fiscal year 2018 and 8.0 percent for fiscal year 2017. The increase in the operating margin reflects the stronger demand and improved product mix coupled with operating cost improvements partially offset by higher variable compensation expense compared to fiscal year 2017.
Weighted Average Company Performance Funding|Company Performance Metric|Non-GAAP Operating Income|Non-GAAP Revenue|FY19 Funding
|Target ($) (millions)|1,630|4,943|.
|Threshold ($)(millions)|1,428|4,760|.
|Actual ($) (millions)|1,427(1)|4,804(2)|.
|Threshold Funding (%)|40|40|.
|Funding (%)|0.0|71.2|35.6
In accordance with stockholder-approved equity incentive plans, we grant awards of restricted stock units and cash-settled restricted stock units ("share units") to employees and directors. These awards generally have requisite service periods of three years. Under each such award, stock or cash (as applicable) is issued without direct cost to the employee. We estimate the fair value of the share units based upon the market price of our stock at the date of grant. Certain share unit grants do not provide for the payment of dividend equivalents to the participant during the requisite service period (the "vesting period"). For those grants, the value of the grants is reduced by the net present value of the foregone dividend equivalent payments.
We recognize compensation expense for share unit awards on a straight-line basis over the requisite service period, accounting for forfeitures as they occur. All cash-settled restricted stock units are marked-to-market and presented within other current and noncurrent liabilities in our Consolidated Balance Sheets. The compensation expense for our stock-settled share unit awards totaled $23.9 million, $21.8 million, and $18.2 million for fiscal 2019, 2018, and 2017, respectively, including discontinued operations of $1.4 million for fiscal 2017. The tax benefit related to the stock-settled share unit award compensation expense for fiscal 2019, 2018, and 2017 was $6.0 million, $7.2 million, and $7.0 million, respectively. The compensation expense for our cash-settled share unit awards totaled $17.5 million, $5.8 million, and $20.9 million for fiscal 2019, 2018, and 2017, respectively, including discontinued operations of $2.6 million for fiscal 2017. The tax benefit related to the cash-settled share unit award compensation expense for fiscal 2019, 2018, and 2017 was $4.4 million, $1.9 million, and $8.0 million, respectively.
The total intrinsic value of stock-settled share units vested was $24.6 million, $18.5 million, and $27.0 million during fiscal 2019, 2018, and 2017, respectively. The total intrinsic value of cash-settled share units vested was $50.5 million, $14.2 million, and $24.0 million during fiscal 2019, 2018, and 2017, respectively.
|Share Units|Nonvested share units at May 27, 2018|Granted|Vested/Issued|Forfeited|Nonvested share units at May 26, 2019
Stock-Settled|Share Units (in Millions)|1.78|0.89|(0.72)|(0.14)|1.81
|Weighted Average Grant-Date Fair Value|$34.20|$35.43|$33.29|$35.08|$34.89
Cash-Settled|Share Units (in Millions)|0.71|1.95|(1.64)|(0.05)|0.97
|Weighted Average Grant-Date Fair Value|$34.58|$36.37|$35.55|$36.07|$36.20
||Income Statement Data||Revenue (1)|Net Income|Basic earnings per share|Diluted earnings per share|Dividends declared per share|Balance Sheet Data|Total deferred revenue|Total assets|Long-term debt|Stockholders’ equity
||2019||$1,552,691|$271,885|$3.52|$3.52|$1.54||$394,306|$2,184,829|$—|$1,429,013
||2018||$1,470,797|$365,034|$4.73|$4.70|$1.36||$369,915|$2,033,058|$—|$1,322,844
(In Thousands, Except Per Share Data)|YEAR ENDED JUNE 30,|2017||$1,388,290|$229,561|$2.95|$2.93|$1.18||$368,151|$1,868,199|$50,000|$1,099,693
||2016|*Unadjusted|$1,354,646|$248,867|$3.13|$3.12|$1.06||$521,054|$1,815,512|$—|$996,210
||2015|*Unadjusted|$1,256,190|$211,221|$2.60|$2.59|$0.94||$531,987|$1,836,835|$50,102|$991,534
(In thousands)|Assets|Right of use lease assets|Total lease asset|Liabilities|Current lease liability|Non-current lease liability|Total lease liability
Classification||Other Assets|||Accrued expenses|Other non-current liabilities|
December 31, 2019||$8,452|$8,452||$2,676|5,818|$8,494
January 1, 2019 (1)||$10,322|$10,322||$2,948|7,374|$10,322
|Cash at bank and in hand|Repurchase agreements and bank deposits|Money market funds|Managed investment funds|Government securities|Other investments|Derivative financial instruments|Trade receivables|Contract assets and other receivables|
2019 €m|2,434|2,196|9,007|6,405|3,011|4,418|3,634|5,077|5,155|41,337
2018 €m|2,197|–|2,477|3,891|1,974|6,087|2,629|5,402|3,410|28,067
|||Land|Fiber, conduit and other outside plant(1)|Central office and other network electronics(2)|Support assets(3)|Construction in progress(4)|Gross property, plant and equipment|Accumulated depreciation|Net property, plant and equipment
Depreciable Lives|||N/A|15-45 years|3-10 years|3-30 years|N/A|||
As of December 31|2019|(Dollars in millions)|$867|24,666|19,608|7,984|2,300|55,425|(29,346)|$26,079
|2018||871|23,936|18,736|8,020|1,704|53,267|(26,859)|26,408
||2020|2021|2022|2023|2024|2025 to 2028|Total
|CDT|$675|758|832|933|1,041|6,009|$10,248
Fiscal years ending June 30,|GXS GER|$1,012|1,011|1,044|1,043|1,050|5,308|$10,468
|GXS PHP|$161|153|352|208|272|2,389|$3,535
||Current|Derivatives|Total current other financial assets|Non‑current|Derivatives|Listed equity securities|Investments in associates|Loans provided to related parties|Total non‑current other financial assets|Total other financial assets|Current|Derivatives|Total current other financial liabilities|Non‑current|Derivatives|Total non‑current other financial liabilities|Total other financial liabilities
2019|$M||45|45||501|91|59|41|692|737||58|58||24|24|82
2018|$M||53|53||366|96|57|3|522|575||50|50||61|61|111
Fiscal 2019|Net sales|Gross profit|Operating income|Net income from continuing operations|Diluted net income per common share
First Quarter|$1,212.5|$642.0|$132.3|$35.7|$0.14
Second Quarter|$1,432.5|$689.3|$102.7|$96.3|$0.38
Third Quarter|$1,374.7|$779.6|$194.7|$49.2|$0.20
Fourth Quarter|$1,329.8|$820.5|$284.6|$174.7|$0.70
Total|$5,349.5|$2,931.3|$714.3|$355.9|$1.42
||Furniture|Leasehold improvements|Computer hardware|Software|Total property, equipment and software, at cost|Less: accumulated depreciation|Less: accumulated amortization|Total property, equipment and software, net
December 31,|2019|$2,907|4,902|2,494|20,126|30,429|(5,701)|(6,419)|$18,309
|2018|$2,813|4,171|2,923|8,344|18,251|(5,462)|(2,557)|$10,232
||Net income|Change in financial guarantee liability(1)|Transaction expenses(2)|Non-recurring expenses(3)|Incremental pro forma tax expense(4)|Adjusted Pro Forma Net Income
|2019|$95,973|16,215|11,345|2,804|(24,768)|$101,569
Year Ended December 31,|2018|$127,980|—|2,393|—|(21,248)|$109,125
|2017|$138,668|—|2,612|—|(54,266)|$87,014
|Profit attributable to equity shareholders (£m)|Weighted average shares (million)|Dilution (million)|Diluted weighted average shares (million)|Basic earnings per share|Diluted earnings per share
2019|166.6|73.7|0.2|73.9|226.2p|225.5p
2018|223.1|73.6|0.2|73.8|303.1p|302.0p
||Billings by Region:|- Americas|- EMEA|- APJ||Billings by Product:|– Network|– Enduser|– Other||Billings by Type:|– Subscription|– Hardware|– Other|
FY19|$m (Reported)||267.8|395.3|97.2|760.3||345.9|377.1|37.3|760.3||644.6|105.7|10.0|760.3
FY18|$m (Reported)||270.0|395.1|103.5|768.6||353.4|383.2|32.0|768.6||644.2|113.7|10.7|768.6
Growth %|(Reported)||(0.8)|0.1|(6.1)|(1.1)||(2.1)|(1.6)|16.6|(1.1)||0.1|(7.0)|(6.5)|(1.1)
Growth %|(CC)||(0.7)|0.9|(2.8)|(0.1)||(1.1)|(0.7)|17.1|(0.1)||1.0|(6.1)|(4.6)|(0.1)
(In Millions)|Changes in projected benefit obligation:|Beginning projected benefit obligation|Service cost|Interest cost|Actuarial (gain) loss|Currency exchange rate changes|Plan curtailments|Plan settlements|Other|Ending projected benefit obligation 1|Changes in fair value of plan assets:|Beginning fair value of plan assets|Actual return on plan assets|Employer contributions|Currency exchange rate changes|Plan settlements|Other|Ending fair value of plan assets 2|Net funded status|Amounts recognized in the Consolidated Balance Sheets|Other long-term assets|Other long-term liabilities|Accumulated other comprehensive loss (income), before tax 3
Dec 28, 2019||$3,433|54|113|829|(2)|—|(57)|(86)|4,284||2,551|193|30|3|(57)|(66)|2,654|$1,630||$—|$1,630|$1,730
Dec 29, 2018||$3,842|65|113|(204)|(121)|(150)|(74)|(38)|3,433||2,287|(38)|480|(62)|(74)|(42)|2,551|$882||$244|$1,126|$1,038
The increase of $1,891 million in total debt, comprised of debt due within one year and long-term debt, was due to: • an increase in our lease liabilities of $2,304 million as a result of the adoption of IFRS 16 on January 1, 2019 • the issuance by Bell Canada of Series M-49 and Series M-50 MTN debentures with total principal amounts of $600  million and $550 million in Canadian dollars, respectively, and Series US-2 Notes with a total principal amount of $600 million in U.S. dollars ($808 million in Canadian dollars) • an increase in our securitized trade receivables of $131 million
|Debt due within one year|Long-term debt|Preferred shares (1)|Cash and cash equivalents|Net debt
2019|3,881|22,415|2,002|(145)|28,153
2018|4,645|19,760|2,002|(425)|25,982
$ CHANGE|(764)|2,655|–|280|2,171
% CHANGE|(16.4%)|13.4%|–|65.9%|8.4%
||Estimated future benefit payments:|2020|2021|2022|2023|2024|2025-2029
Combined Pension Plan|||$971|921|893|868|842|3,813
Post-Retirement Benefit Plans|(Dollars in millions)||242|238|232|226|219|986
Medicare Part D Subsidy Receipts|||(6)|(6)|(6)|(5)|(5)|(20)