DEXTER-CQA/TAT-QA-corpus huggingface dataset:
In relation to the oil derivative instrument (see note 24), the fair value was determined using the estimated discounted cash flows of the additional payments due to us as a result of oil prices moving above a contractual oil price floor over the term of the liquefaction tolling agreement ("LTA"). Significant inputs used in the valuation of the oil derivative instrument include management’s estimate of an appropriate discount rate and the length of time to blend the long-term and the short-term oil prices obtained from quoted prices in active markets. The changes in fair value of our oil derivative instrument is recognized in each period in current earnings in "Realized and unrealized gain on oil derivative instrument" as part of the consolidated statement of income.
||Total assets|Deferred profit|Total liabilities|Stockholder’s equity
June 24, 2018 As Reported||$12,479,478|$720,086|$5,899,435|$6,501,851
Adjustments|(in thousands)|$12,955|$(160,695)|$(126,400)|$139,355
Jun e25, 2018 As Adjusted||$12,492,433|$559,391|$5,773,035|$6,641,206
|All figures in USD '000, except TCE rate per day |Voyage Revenue  |Less Voyage expenses  |Net Voyage Revenue  |Vessel Calendar Days (1)  |Less off-hire days  |Total TCE days  |TCE Rate per day (2) |Total Days for vessel operating expenses  
|2018|289,016|(165,012)|124,004|9,747|277|9,470|$13,095|9,747
Years Ended December 31,    |2017|297,141|(142,465)|154,676|10,892|867|10,025|$15,428|10,892
|Variance |(2.7%)|15.8%|(19.8%)|(10.5%)|(68.1%)|(5.5%)|(15.1%)|(10.5%)
Period|October 1 - October 31, 2019|November 1 - November 30, 2019|December 1 - December 31, 2019|Total
Total number of Shares Purchased|13,425|245,454|185,973|444,852
Average Price Paid per Share|$78.21|76.95|80.95|
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs|13,425|245,454|185,973|444,852
Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs|$48,950,059|30,062,919|15,008,242|
||Ordinary shares of 2020⁄21 US cents each allotted, issued and fully paid:1, 2|1 April|Allotted during the year3|31 March
|Number||28,814,803,308|454,870|28,815,258,178
2019|€m||4,796|–|4,796
|Number||28,814,142,848|660,460|28,814,803,308
2018|€m||4,796|–|4,796
||Stock-based compensation expense data:|Sales and marketing|General and administrative|Research and development|Total stock-based compensation expense
|2019||$2,075|6,474|12,054|$20,603
|2018||$1,196|4,901|7,332|$13,429
Year Ended December 31,|2017||$561|2,638|4,214|$7,413
|2016||$536|1,430|2,035|$4,001
|2015||$372|2,486|1,266|$4,124
Adjusted earnings per share (£m)|Trading profit|Depreciation|Other non-cash items|Interest|Taxation|Pension contributions|Capital expenditure|Working capital and other|Restructuring costs|Proceeds from share issue|Sale of property, plant and equipment|Hovis repayment of loan note|Financing fees|Free cash flow10|Statutory cash flow statement|Cash generated from operating activities|Cash used in investing activities|Cash (used in)/generated from financing activities|Net increase in cash and cash equivalents
2018/19|128.5|17.0|2.4|(30.1)|–|(41.9)|(17.7)|(7.7)|(18.1)|1.4|–|7.6|(12.2)|29.2||57.7|(17.7)|(35.8)|4.2
2017/18|123.0|16.6|2.8|(38.0)|1.0|(39.8)|(19.2)|(0.6)|(12.5)|1.2|1.3|–|(7.0)|28.8||52.4|(17.9)|7.2|41.7
Semiconductor and IP Licensing segment revenue for the year ended December 31, 2019 was $81.9 million as compared to $186.4 million for the year ended December 31, 2018, a decrease of $104.5 million. The decrease in revenue was due principally to revenue recorded in 2018 related to the Samsung settlement and license agreement executed in December 2018, partially offset by a one-time payment from a new license agreement signed in December 2019.
|||Revenue:|Royalty and license fees|Total revenue|Operating expenses:|Research, development and other related costs|Litigation|Amortization|Total operating expenses (1)|Total operating income
|2019|||$81,943|81,943||28,732|3,471|11,871|44,074|$37,869
Years Ended December 31,|2018|(in thousands)||$186,425|186,425||27,514|26,099|19,906|73,519|$112,906
|2017|||$205,809|205,809||30,039|36,209|21,590|87,838|$117,971
||Telecom|Data Center|Industrial & Defense|Total|Telecom|Data Center|Industrial & Defense| Total
Fiscal Years|2019|$180,938|114,132|204,638|$499,708|36.2%|22.8%|41.0%|100.0%
|2018|$ 222,940|162,098|185,360|$ 570,398|39.1%|28.4%|32.5%|100.0%
|% Change|(18.8)%|(29.6)%|10.4 %|(12.4)%||||
||($ in millions) (a)|Details about AOCI Components|Cash flow hedging items|Commodity contracts|Foreign exchange contracts|Forward interest rate swaps||||Amortization of pension and other postretirement benefit plan items|Net actuarial loss|Prior service cost|||
||Location of gain (loss)|||Cost of sales|Net sales|Interest expense|Total before tax|Tax expense|Net of tax||(b)|(b)|Total before tax|Tax benefit|Net of tax
Amount Reclassified from AOCI|Years Ended June 30,|2019|||$5.1|1.0|0.4|6.5|(1.6)|$4.9||$(12.0)|3.1|(8.9)|2.1|$(6.8)
||2018|||$1.8|(1.0)|0.4|1.2|(0.4)|$0.8||$(16.4)|3.1|(13.3)|4.4|$(8.9)
In the emerging markets, the regional associates continued to invest in network, spectrum and content to drive data usage. Pre-tax contributions from the associates declined a steep 38% mainly due to Airtel and Telkomsel, the Group’s two largest regional associates. Airtel recorded operating losses on sustained pricing pressures in the Indian mobile market. Telkomsel’s earnings fell on lower revenue due to fierce competition in Indonesia in the earlier part of the financial year when the mandatory SIM card registration exercise took effect. Including associates’ contributions, the Group’s EBIT was S$4.01 billion, down 24% from last year.
|||Operating revenue|EBITDA|EBITDA margin|Share of associates’ pre-tax proﬁts|EBIT|(exclude share of associates’ pre-tax proﬁts)|Net ﬁnance expense|Taxation|Underlying net proﬁt (2)|Underlying earnings per share (S cents) (2)|Exceptional items (post-tax)|Net proﬁt|Basic earnings per share (S cents)|Share of associates’ post-tax proﬁts
Financial Year ended 31 March|2019|(S$ million)|17,372|4,692|27.0%|1,536|4,006|2,470|(355)|(850)|2,825|17.3|270|3,095|19.0|1,383
|2018|(S$ million)|17,268|5,051|29.2%|2,461|5,261|2,801|(345)|(1,344)|3,593|22.0|1,880|5,473|33.5|1,823
|Change|(%)|0.6|-7.1||-37.6|-23.9|-11.8|2.9|-36.8|-21.4|-21.4|-85.7|-43.5|-43.5|-24.1
|Change in constant currency (1)|(%)|3.7|-3.9||-36.2|-21.8|-9.2|6.2|-35.8|-19.1|-19.1|-85.2|-41.8|-41.8|-21.8
The Company performed the annual impairment assessment of goodwill for our single reporting unit as of December 31, 2019, noting no impairment loss. The fair value exceeded the carrying value by 2.4%. Considerable management judgment is necessary to evaluate goodwill for impairment. We estimate fair value using widely accepted valuation techniques including discounted cash flows and market multiples analysis with respect to our single reporting unit. These valuation approaches are dependent upon a number of factors, including estimates of future growth rates, our cost of capital, capital expenditures, income tax rates, and other variables. Assumptions used in our valuations were consistent with our internal projections and operating plans. Our discounted cash flows forecast could be negatively impacted by a change in the competitive landscape, any internal decisions to pursue new or different strategies, a loss of a significant customer, or a significant change in the market place including changes in the prices paid for our products or changes in the size of the market for our products. Additionally, under the market approach analysis, we used significant other observable inputs including various guideline company comparisons. We base our fair value estimates on assumptions we believe to be reasonable, but which are unpredictable and inherently uncertain. Changes in these estimates or assumptions could materially affect the determination of fair value and the conclusions of the quantitative goodwill test for our one reporting unit.
||Net cash provided by operating activities|Net cash used in investing activities|Net cash used in financing activities|Net increase (decrease) in cash and cash equivalents and restricted cash|Cash and cash equivalents and restricted cash at beginning of period|Cash and cash equivalents and restricted cash at end of period
Year Ended December 31,|2019|$153,327|(15,381)|(159,608)|(21,662)|449,473|$427,811
|2018|$256,426|(6,581)|(154,210)|95,635|353,838|$449,473
||Total Bookings:|Total revenue|Change in deferred revenue(1)|Net refunds|Other|Total bookings
Year Ended December 31,|2019|(unaudited; in millions)|$2,988.1|180.5|233.4|(0.8)|$3,401.2
|2018||$2,660.1|163.2|192.6|(4.4)|$3,011.5
|2017||$2,231.9|214.4|170.0|1.9|$2,618.2
|2016||$1,847.9|163.5|141.9|2.2|$2,155.5
|2015||$1,607.3|165.9|137.8|3.2|$1,914.2
In May 2019, the Company completed a cash tender offer and purchased $460.9 million in aggregate principal amount of the 2020 Notes and issued $250.0 million in aggregate principal amount of 9.25% senior secured notes at par due November 2022. The Company recognized a loss of $10.6 million on the purchase of the 2020 Notes for the year ended December 31, 2019 (see Note 9).
||||Loss on bond repurchases (1)|Loss on lease extinguishment (2)|Tax indemnification guarantee liability (3)|Contingent liability (4)|Gain on sale / (write-down) of cost-accounted investment|Miscellaneous (loss) income|Other loss
Year Ended|December 31,|2019|$|(10,601)|(1,417)|—|—|—|(2,457)|(14,475)
Year Ended|December 31,|2018|$|(1,772)|—|(600)|—|—|359|(2,013)
Year Ended|December 31,|2017|$|—|—|(50,000)|(4,500)|1,250|(731)|(53,981)
The foreign tax rate differential benefit primarily relates to the Company's operations in Thailand, Malta and Ireland. The Company's Thailand manufacturing operations are currently subject to numerous tax holidays granted to the Company based on its investment in property, plant and equipment in Thailand. The Company's tax holiday periods in Thailand expire between fiscal 2022 and 2026, however, the Company actively seeks to obtain new tax holidays. The Company does not expect the future expiration of any of its tax holiday periods in Thailand to have a material impact on its effective tax rate. The Company’s Microsemi operations in Malaysia are subject to a tax holiday that effectively reduces the income tax rate in that jurisdiction. Microsemi’s tax holiday in Malaysia was granted in 2009 and is effective through December 2019, subject to continued compliance with the tax holiday’s requirements. The aggregate dollar expense derived from these tax holidays approximated $0.1 million in fiscal 2019. The aggregate dollar benefit derived from these tax holidays approximated $6.2 million and $13.2 million in fiscal 2018 and 2017, respectively. The impact of the tax holidays during fiscal 2019 did not impact basic and diluted net income per common share. The impact of the tax holidays during fiscal 2018 increased the basic and diluted net income per common share by $0.03 and $0.02, respectively. The impact of the tax holidays during fiscal 2017 increased the basic and diluted net income per common share by $0.06.
||Computed expected income tax provision|State income taxes, net of federal benefit|Foreign income taxed at lower than the federal rate|Impact of the Act - one-time transition tax, net of foreign tax credits|Impact of the Act - deferred tax effects, net of valuation allowance|Global intangible low-taxed income|Business realignment|Increases related to current year tax positions|Decreases related to prior year tax positions (1)|Share-based compensation|Research and development tax credits|Intercompany prepaid tax asset amortization|Foreign exchange|Other|Change in valuation allowance|Total income tax provision (benefit)
|2019|$43.0|(8.7)|(94.0)|13.1|—|95.4|(90.6)|9.0|(75.1)|(13.3)|(27.5)|5.2|4.6|(2.6)|(9.9)|$(151.4)
Year Ended March 31,|2018|$232.6|(1.3)|(208.8)|653.7|(136.7)|—|—|32.0|(11.3)|(27.2)|(17.0)|7.4|(20.5)|(0.5)|(20.5)|$481.9
|2017|$31.4|(4.6)|(105.0)|—|—|—|—|53.7|(36.3)|(25.0)|(12.8)|7.9|(1.7)|9.8|1.8|$(80.8)
In some cases, we may offer customers the option to purchase extended warranties to ensure protection beyond the standard warranty period. In those circumstances, the warranty is considered a distinct service and we account for the extended warranty as a performance obligation and allocate a portion of the transaction price to that performance obligation. More frequently, customers do not purchase a warranty separately. In those situations, we account for the warranty as an assurance-type warranty, which provides customers with assurance that the product complies with agreed-upon specifications, and this does not represent a separate performance obligation. Such warranties are recorded separately as liabilities and presented within ‘‘accrued liabilities’’ and ‘‘other long-term liabilities’’ on our consolidated balance sheets (see Note 5. Balance Sheet Components).
|(In thousands)|Balance at the beginning of the period|Accruals for warranties issued during the period|Settlements and adjustments during the period|Balance at the end of the period
|December 29, 2019|$172,266|27,717|(61,538)|$138,445
Fiscal Year Ended|December 30, 2018|$181,303|31,628|(40,665)|$172,266
|December 31, 2017|$161,209|29,689|(9,595)|$181,303
In addition to receiving pension benefits, U.S. Teradyne employees who meet early retirement eligibility requirements as of their termination dates may participate in Teradyne’s Welfare Plan, which includes medical and dental benefits up to age 65. Death benefits provide a fixed sum to retirees’ survivors and are available to all retirees. Substantially all of Teradyne’s current U.S. employees could become eligible for these benefits, and the existing benefit obligation relates primarily to those employees.
||Assets and Obligations|Change in benefit obligation:|Projected benefit obligation:|Beginning of year|Service cost|Interest cost|Actuarial loss|Benefits paid|Special termination benefits|End of year|Change in plan assets:|Fair value of plan assets:|Beginning of year|Company contributions|Benefits paid|End of year|Funded status
2019|(in thousands)||||$9,256|41|347|717|(1,358)|—|9,003|||—|1,358|(1,358)|—|$(9,003)
2018|||||$6,177|39|196|25|(889)|3,708|9,256|||—|889|(889)|—|$(9,256)
||Total equity|Net debt|Total invested capital|Average invested capital|Average invested capital (excluding IFRS 16)|Operating profit as reported under IFRS|Adjustments (see adjusted operating profit)|Adjusted operating profit|Taxation|Adjusted operating profit after tax|Adjusted operating profit after tax (excluding IFRS 16)|Return in invested capital|Return in invested capital (excluding IFRS 16)
2019|£m|826.3|334.1|1,160.4|1,081.6|1,061.2|245.0|37.7|282.7|(80.6)|202.1|201.2|18.7%|19.0%
2018|£m|766.9|235.8|1,002.7|992.9|992.9|299.1|(34.2)|264.9|(73.1)|191.8|191.8|19.3%|19.3%
The following unaudited pro forma financial information presents combined results of operations for each of the periods presented as if the acquisitions of MOI and GP had been completed on January 1, 2018. The pro forma information includes adjustments to depreciation expense for property and equipment acquired and amortization expense for the intangible assets acquired and the elimination of transaction expenses recognized in each period. Transaction-related expenses associated with the acquisition and excluded from pro forma income from continuing operations were $1.0 million for the year ended December 31, 2019. There were no transaction-related expenses associated with the acquisition for the year ended December 31, 2018. The pro forma data are for informational purposes only and are not necessarily indicative of the consolidated results of operations or the combined business had the acquisitions of MOI and GP occurred on January 1, 2018, or the results of future operations of the combined business. For instance, planned or expected operational synergies following the acquisition are not reflected in the pro forma information. Consequently, actual results will differ from the unaudited pro forma information presented below.
||Revenues|Subscriptions|Other|Total revenues|Cost of revenues|Subscriptions|Other|Total cost of revenues|Gross profit|Operating expenses|Research and development|Sales and marketing|General and administrative|Total operating expenses|Loss from operations|Other income (expense), net|Interest expense|Other income, net|Other income (expense), net|Loss before income taxes|Provision for (benefit from) income taxes|Net loss
|2019||$817,811|85,047|902,858||160,320|70,723|231,043|671,815||136,363|439,100|142,027|717,490|(45,675)||(20,512)|9,247|(11,265)|(56,940)|(3,333)|$(53,607)
Year ended December 31,|2018||$612,888|60,736|673,624||109,454|47,675|157,129|516,495||101,042|329,116|102,773|532,931|(16,436)||(16,102)|6,475|(9,627)|(26,063)|140|$(26,203)
|2017||$465,254|38,363|503,617||89,193|32,078|121,271|382,346||75,148|240,223|72,313|387,684|(5,338)||(99)|1,491|1,392|(3,946)|258|$(4,204)
Free Cash Flow was £54.9m in FY19 compared to £92.4m in FY18, the decrease primarily reflecting the impact of US cash flows. This represents a conversion rate of 36% of Adjusted EBITDA (FY18: 45%). Excluding the US cash flows, Free Cash Flow Conversion increased to 47% from 33% in FY18, driven by improved EBITDA, lower working capital outflows, lower interest costs and lower exceptional cashflows.
Net Debt decreased to £288.5m from £501.1m at the end of FY18. The Group’s Net Debt:EBITDA leverage as measured under financing agreements was 1.8x at year end. This compared to 1.9x at the end of March 2019 and 2.3x at the end of September 2018. This outturn includes the increased debt associated with the Freshtime acquisition completed in early September 2019. As at 27 September 2019, the Group had committed facilities of £506m with a weighted average maturity of 4.0 years.
|Comprehensive Income Components|Foreign currency translation adjustment|Realized losses (gains) on derivative instruments:(3)|Foreign exchange contracts|Interest rate contracts|Actuarial loss|Prior service credit|Available for sale securities|Total amounts reclassified from AOCI(4)
|Financial Statement Line Item|Operating income||Cost of revenue|Interest expense|(1)|(1)|(2)|
|2019|$—||21,982|(1,723)|741|(44)|33,333|$54,289
Fiscal Year Ended August 31,|2018|$—||(9,379)|(13,697)|1,127|(88)|—|$(22,037)
|2017|$5,947||4,799|3,950|1,929|(138)|10,139|$26,626
The Company contributes an amount equivalent to 2% of the employees’ total salaries and wages on a monthly basis to the pension fund deposited with the Bank of Taiwan under the name of a pension fund supervisory committee. The pension fund is managed by the government’s designated authorities and therefore is not included in the Company’s consolidated financial statements. For the years ended December 31, 2017, 2018 and 2019, total pension expenses of NT$80 million, NT$69 million and NT$59 million, respectively, were recognized by the Company.
|||Defined benefit obligation at beginning of year|Items recognized as profit or loss:|Service cost|Interest cost|Subtotal|Remeasurements recognized in other comprehensive income (loss):|Arising from changes in financial assumptions|Experience adjustments|Subtotal|Benefits paid
For the years ended December 31,|2018|$NT (In Thousands)|$(5,671,058)||(24,477)|(61,247)|(85,724)||(91,350)|(5,907)|(97,257)|233,530
|2019|$NT (In Thousands)|$(5,620,509)||(21,043)|(51,146)|(72,189)||(114,976)|180,095|65,119|216,510
On December 22, 2017, the U.S. government enacted the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act includes significant changes to the U.S. corporate income tax system including: a federal corporate rate reduction from 35% to 21%; limitations on the deductibility of interest expense and executive compensation; creation of the base erosion anti-abuse tax (“BEAT”), a new minimum tax; and the transition of U.S. international taxation from a worldwide tax system to a modified territorial tax system. The change to a modified territorial tax system resulted in a one-time U.S. tax liability on those earnings which have not previously been repatriated to the U.S. (the “Transition Tax”), with future distributions not subject to U.S. federal income tax when repatriated. A majority of the provisions in the Tax Act are effective January 1, 2018.
|||Service revenue|Network operations, including equity-based compensation expense|Gains on equipment transactions|Operating income|Net income|Net income per common share—basic and diluted|Weighted-average number of common shares—basic|Weighted-average number of common shares—diluted
|March 31, 2018||$128,706|54,875|117|20,637|6,784|0.15|44,923,973|45,294,697
Three months ended|June 30, 2018|(in thousands, except share and per share amounts)|$129,296|54,379|357|21,354|6,552|0.15|45,016,767|45,536,473
|September 30, 2018||$130,139|54,615|416|22,255|8,231|0.18|45,105,830|45,699,635
|December 31, 2018||$132,049|55,660|92|22,311|7,100|0.16|45,284,481|45,803,418
€ millions|Cost of cloud and software|Cost of services|Research and development|Sales and marketing|General and administration|Share-based payment expenses|Thereof cash-settled share-based payments|Thereof equity-settled share-based payments
2019|138|246|429|562|461|1,835|1,664|171
2018|78|142|210|312|88|830|674|156
2017|115|158|269|442|135|1,120|963|157
As of January 31, 2019, the aggregate accumulated benefit obligation was $85.1 million for the defined benefit pension plans compared to $139.5 million as of January 31, 2018. Included in the aggregate data in the following tables are the amounts applicable to the Company's defined benefit pension plans, with accumulated benefit obligations in excess of plan assets, as well as plans with projected benefit obligations in excess of plan assets. Amounts related to such plans at the end of each period were as follows: because their exercise prices are higher than the average market value of Autodesk’s stock during the fiscal year.
|Land and improvements|Buildings and improvements|Machinery and equipment|Construction-in-progress||Less: accumulated depreciation|
June 1, 2019|$93,046|370,451|496,166|52,551|1,012,214|555,920|$456,294
June 2, 2018|$90,757|360,030|478,997|9,307|939,091|513,707|$425,384
The Company maintains insurance for both property damage and business interruption relating to catastrophic events, such as fires. Insurance recoveries received for property damage and business interruption in excess of the net book value of damaged assets, clean-up and demolition costs, and post-event costs are recognized as income in the period received or committed when all contingencies associated with the recoveries are resolved. Gains on insurance recoveries related to business interruption are recorded within “Cost of sales” and any gains or losses related to property damage are recorded within “Other income (expense).” Insurance recoveries related to business interruption are classified as operating cash flows and recoveries related to property damage are classified as investing cash flows in the statement of cash flows. Insurance claims incurred or finalized during the fiscal years ended 2019, 2018, and 2017 did not have a material affect on the Company's consolidated financial statements.
(In millions)|Long-term debt: (a)|Principal payments|Interest payments|Construction commitments (b)|Operating leases, including imputed interest (c)|Finance leases, including imputed interest (c)|Transition tax (d)|Purchase commitments (e)|Other long-term liabilities (f)|Total
2020||$ 5,518|2,299|3,443|1,790|797|1,180|17,478|0|$  32,505
2021-2022||$ 11,744|4,309|515|3,144|2,008|2,900|1,185|72|$  25,877
2023-2024||$ 8,000|3,818|0|2,413|2,165|4,168|159|29|$  20,752
Thereafter||$ 47,519|29,383|0|3,645|9,872|8,155|339|324|$  99,237
Total||$ 72,781|39,809|3,958|10,992|14,842|16,403|19,161|425|$  178,371
|Outstanding as of August 30, 2018|Granted|Exercised|Canceled or expired|Outstanding as of August 29, 2019|Exercisable as of August 29, 2019|Unvested as of August 29, 2019
Number of Shares|18|—|(5)|(1)|12|7|5
Weighted-Average Exercise Price Per Share|$23.38|44.30|17.50|22.60|25.94|$25.37|26.94
Weighted-Average Remaining Contractual Life (In Years)|||||4.3|3.7|5.5
Aggregate Intrinsic Value|||||$220|$143|77