DEXTER-CQA/TAT-QA-corpus huggingface dataset:
|(In thousands)|Payroll and payroll-related benefits|Contract labour and consulting|Share-based compensation|Travel and communication|Facilities|Other miscellaneous|Total change in general and administrative expenses
Change between Fiscal increase (decrease)|2019 and 2018|$4,089|(618)|768|794|(4,537)|2,186|$2,682
|2018 and 2017|$22,908|(1,054)|(1,709)|80|5,777|8,872|$34,874
The investing cash outflow was S$2.33 billion. During the year, Singtel received proceeds of S$118 million from the disposal of a property in Singapore. Payments of S$123 million were made for the acquisition of Videology assets in August 2018 and S$344 million for the acquisition of a 5.7% equity interest in Airtel Africa in October 2018. Capital expenditure totalled S$1.72 billion, comprising S$587 million for Singtel and S$1.13 billion (A$1.14 billion) for Optus. In Singtel, major capital investments in the year included S$215 million for fixed and data infrastructure, S$183 million for mobile networks and S$189 million for ICT and other investments.  The investing cash outflow was S$2.33 billion. During the year, Singtel received proceeds of S$118 million from the disposal of a property in Singapore. Payments of S$123 million were made for the acquisition of Videology assets in August 2018 and S$344 million for the acquisition of a 5.7% equity interest in Airtel Africa in October 2018. Capital expenditure totalled S$1.72 billion, comprising S$587 million for Singtel and S$1.13 billion (A$1.14 billion) for Optus. In Singtel, major capital investments in the year included S$215 million for fixed and data infrastructure, S$183 million for mobile networks and S$189 million for ICT and other investments.
|||Net cash inﬂow from operating activities|Net cash outﬂow for investing activities|Net cash outﬂow for ﬁnancing activities|Net change in cash balance|Exchange effects on cash balance|Cash balance at beginning of year|Cash balance at end of year|Singtel (1)|Optus|Associates (net dividends after withholding tax)|Group free cash ﬂow|Optus (in A$ million)|Cash capital expenditure as a percentage of operating revenue
Financial Year ended 31 March|2019|(S$ million)|5,368|(2,329)|(3,056)|(16)|4|525|513|1,242|1,006|1,402|3,650|1,028|10%
|2018|(S$ million)|5,955|(1,951)|(4,009)|(5)|(4)|534|525|1,126|989|1,492|3,606|947|14%
|Change|(%)|-9.9|19.4|-23.8|248.9|nm|-1.7|-2.3|10.3|1.8|-6.0|1.2|8.5|
|||Cost of sales|Gross profit|Gross margin (as percentage of net revenues)
Year Ended December 31,|2019|(In millions)|$(5,860)|$3,696|38.7%
Year Ended December 31,|2018|(In millions)|$(5,803)|$3,861|40.0%
Year Ended December 31,|2017|(In millions)|$(5,075)|$3,272|39.2%
Variation|2019 vs 2018||1.0%|(4.3)%|-130 bps
Variation|2018 vs 2017||(14.3)%|18.0%|+80 bps
In fiscal years 2019 and 2018, the Company continued to maintain a full valuation allowance on deferred tax assets. The valuation allowance increased by $1.7 million in fiscal year 2019. The Company recorded an income tax expense from continuing operations of $39,000 in fiscal year 2019. In fiscal year 2018, the Company recorded an income tax benefit from continuing operations of $597,000. The fiscal year 2018 income tax benefit was due primarily from the release of the tax valuation allowance associated with previously generated alternative minimum tax (AMT) credits due to the December 22, 2017 Tax Cuts and Jobs Act Tax Reform (the “Tax Act”).
|(in thousands)|Deferred income tax assets: |Allowance for doubtful accounts|Foreign tax credit carryforward|Depreciation|Deferred revenue|Accrued compensation|Inventory reserves|Accrued warranty|Net operating loss carryforward|Accrued restructuring|Intangibles and goodwill|Other|Gross deferred tax assets|Valuation allowance|Net deferred income tax assets|Deferred income tax liabilities:   |Intangibles and goodwill|Net deferred income tax liabilities
March 31,|2019||$26|810|173|425|412|757|33|35,024|—|272|839|38,771|(38,771)|—||—|$—
|2018||$24|812|227|675|358|948|77|34,924|16|—|660|38,721|(37,103)|1,618||(1,618)|$—
|2019|Sterling|Euro|US dollar|Renminbi|Other|Group total
Total|£m|29.1|115.9|98.4|42.0|146.5|431.9
Fixed rate financial assets|£m|–|1.4|0.1|–|5.3|6.8
Floating rate financial assets|£m|0.2|16.6|16.7|11.9|10.5|55.9
Financial assets on which no interest is earned|£m|28.9|97.9|81.6|30.1|130.7|369.2
|2019:|Fourth Quarter|Third Quarter|Second Quarter|First Quarter|2018:|Fourth Quarter|Third Quarter|Second Quarter|First Quarter
High||$11.44|$14.96|$20.91|$18.19||$12.16|$20.60|$18.30|$7.35
Low||$9.47|$10.26|$12.61|$8.87||$7.43|$10.95|$6.70|$6.00
|Net sales:|United States |Malaysia |China |Mexico |Romania |United Kingdom |Germany |Elimination of inter-country sales |
2019||$1,197,665|1,138,380|418,825|231,643|195,837|99,825|14,271|(132,012)|3,164,434
2018||$1,000,680|1,118,032|379,977|218,264|177,111|91,426|12,953|(124,935)|2,873,508
2017||$984,773|940,045|339,216|181,573|114,363|70,163|8,303|(110,384)|2,528,052
Purchase obligations represent an estimate of open purchase orders and contractual obligations in the normal course of business for which we have not received the goods or services as of December 31, 2019. Although open purchase orders are considered enforceable and legally binding, except for our purchase orders with our inventory suppliers, the terms generally allow us the option to cancel, reschedule, and adjust our requirements based on our business needs prior to the delivery of goods or performance of services. Our purchase orders with our inventory suppliers are non-cancellable. In addition, we have other obligations for goods and services that we enter into in the normal course of business. These obligations, however, are either not enforceable or legally binding, or are subject to change based on our business decisions. The aggregate of these items represents our estimate of purchase obligations.
||Operating lease obligations|Financing obligations|Long-term debt|Purchase obligations|Total
|Up to 1 year|16,164|2,956|—|55,755|74,875
Payments due by period|1 to 3 years|19,812|5,912|—|16,220|41,944
|3 to 5 years|6,551|—|460,000|7,595|474,146
|More than 5 years|5,883|—|—|17,649|23,532
|Total|48,410|8,868|460,000|97,219|614,497
Revenue Recognition — Contracts with Customers. In May 2014, the FASB issued new authoritative guidance for revenue from contracts with customers. The standard’s core principle is that a company recognizes revenue when it transfers promised goods or services to customers in an amount that reflects the consideration that the company expects to receive in exchange for those goods or services. In addition, companies are required to capitalize certain contract acquisition costs, including commissions paid, when contracts are signed. The asset recognized from capitalized incremental and recoverable acquisition costs is amortized on a straight-line basis consistent with the timing of transfer of the products or services to which the asset relates.
|(In millions)|Accounts receivable, net|Other current assets (1)|Other long-term assets (2)|Total assets|Short-term contract liabilities|Other current liabilities|Long-term contract liabilities|Deferred income tax liabilities|Total liabilities|Accumulated other comprehensive loss|Retained earnings|Total stockholders’ equity
|As Reported|$708|$435|$1,262|$15,938|$2,320|$533|$736|$577|$10,200|$(7)|$933|$5,738
As of March 29, 2019|Balances Without Adoption of New Standard|$657|$421|$1,213|$15,824|$2,437|$494|$837|$526|$10,328|$(2)|$686|$5,496
|Effect of Change|$51|$14|$49|$114|$(117)|$39|$(101)|$51|$(128)|$(5)|$247|$242
(Dollars in thousands)|Software license|Maintenance|Cloud|Consulting|
2019|$275,792|254,924|67,918|2,727|$601,361
|99%|91%|51%|1%|66%
2018|$282,950|239,310|45,218|22,338|$589,816
|98%|91%|55%|9%|66%
Change|$(7,158)|15,614|22,700|(19,611)|$11,545
|(3)%|7%|50%|(88)%|2%
|(in millions of €)|Orders|Revenue|therein: service business|Adjusted EBITA|Adjusted EBITA margin
|2019|19,975|17,663|8,025|679|3.8%
Fiscal year|2018|18,451|18,125|7,756|722|4.0%
|Actual|8 %|(3) %|3%|(6)%|
% Change|Comp.|7 %|(4) %|2%||
Gas and
Power ’s revenue decreased moderately year-over-year in a continuing
difficult market environment as the new-unit businesses recorded lower revenue compared to fiscal 2018 following weak order entry in prior years. On a geographic basis, revenue decreased in the regions Europe, C. I. S., Africa, Middle East and Asia, Australia, partly offset by growth in the Americas. Despite a continuing strong contribution from the service business and positive effects from project execution and completion, Adjusted EBITA was down year-over-year on lower revenue, price declines and reduced capacity utilization. In addition, Adjusted EBITA in fiscal 2018 benefited from gains totaling € 166 million from two divestments. Severance charges were € 242 million in fiscal 2019 compared to € 374 million in fiscal 2018. Gas and Power ’s order backlog was € 51 billion at the end of the fiscal year, of which € 13 billion are expected to be converted into revenue in fiscal 2020.
These results reflected a highly competitive market environment. We expect the power generation market overall to remain challenging with market volume stabilizing at the current level. After years of continuous decline, the volume of the gas turbine market in fiscal 2019 remained on the prior-year level, again being impacted by customer delays of large projects in Asia, Australia, particularly in China, and strong price pressure resulting from intense competition. Customers also showed restraint due to ongoing weak growth in demand for power, combined with uncertainty regarding regulatory developments.
|||Other income (expense):|Interest income|Interest expense|Foreign exchange expense and other, net|Total other income (expense), net
Year ended March 31,|2019|||$ 2,515|(5,940)|(356)|$ (3,781)
|2018|(dollars in thousands)||$ 1,310|(598)|(3,439)|$ (2,727)
Period-to-period change|Amount|||$ 1,205|(5,342)|3,083|$ (1,054)
|% Change|||92 %|nm|nm|nm
Net financing costs|||Investment income|Financing costs|Net financing costs|Analysed as:|Net financing costs before interest on settlement of tax issues|Interest income arising on settlement of outstanding tax issues||Mark to market (losses)/gains|Foreign exchange (losses)/gains1|Net financing costs
|2019|€m|433|(2,088)|(1,655)||(1,043)|1|(1,042)|(423)|(190)|(1,655)
|2018|€m|685|(1,074)|(389)||(749)|11|(738)|27|322|(389)
Net financing costs increased by €1.3 billion, primarily driven by mark-to-market losses (including hedges of the mandatory convertible bond) and adverse foreign exchange rate movements. Net financing costs before interest on settlement of tax issues includes increased interest costs as part of the financing for the Liberty Global transaction as well as adverse interest rate movements on borrowings in foreign operations. Excluding these, underlying financing costs remained stable, reflecting consistent average net debt balances and weighted average borrowing costs for both periods.
(1) Includes the cost of services rendered in connection with (i) auditing our annual consolidated financial statements, (ii) auditing our internal control over financial reporting in accordance with Section 404 of the Sarbanes-Oxley Act of 2002, (iii) reviewing our quarterly financial statements, (iv) auditing the financial statements of several of our subsidiaries, (v) reviewing our registration statements and issuing related comfort letters, (vi) statutory audits for certain of our foreign subsidiaries, and (vii) consultations regarding accounting standards. In addition, the amount listed for 2018 includes a final billing of $785,000 that was received after we finalized our 2019 proxy statement and consequently was not reflected in the auditor fee table included in our 2019 proxy statement.
Infrastructure Platforms consist of our core networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities and transport and/or store data. These technologies consist of both hardware and software offerings, including software licenses and software-as-a-service (SaaS), that help our customers build networks, automate, orchestrate, integrate, and digitize data. We are shifting and expanding more of our business to software and subscriptions across our core networking portfolio. Our hardware and perpetual software in this category are distinct performance obligations where revenue is recognized upfront upon transfer of control. Term software licenses are multiple performance obligations where the term license is recognized upfront upon transfer of control with the associated software maintenance revenue recognized ratably over the contract term. SaaS arrangements in this category have one distinct performance obligation which is satisfied over time with revenue recognized ratably over the contract term.
Years Ended|Revenue:|Infrastructure Platforms|Applications|Security|Other Products|Total Product|Services|Total (1)
July 27, 2019||$30,191|5,803|2,730|281|39,005|12,899|$51,904
July 28, 2018||$28,322|5,036|2,352|999|36,709|12,621|$49,330
July 29, 2017||$27,817|4,568|2,152|1,168|35,705|12,300|$48,005
||Net sales|Cost of goods sold|Depreciation expense|Total cost of goods sold|Gross profit|Gross Profit % to net sales|Selling expenses|Selling expenses % to net sales|General & administrative expenses|General & administrative % to net sales|Goodwill and intangible asset impairment|Amortization expense|Total operating expenses|Total operating expense % to net sales|Loss from operations|Loss from operations % to net sales
|2019|$ 93,662|$ 68,367|3,146|$ 71,513|$ 22,149|23.6%|$ 11,062|11.8%|$ 12,828|13.7%|–|$ 192|$ 24,082|25.7%|$ (1,933)|(2.1% )
December 31,|2018|$ 103,350|$ 74,646|2,846|$ 77,492|$ 25,858|25.0%|$ 13,477|13.0%|$ 13,616|13.2%|1,244|$ 631|$ 28,968|28.0%|(3,110 )|(3.0%)
|$|$ (9,688)|$ 6,279|(300)|$ 5,979|(3,709 )||$ 2,415||$ 788||1,244|$ 439|$ 4,886||$ 1,177|
Change|%|(9.4%)|–||7.7%|(14.3%)||17.9%||5.8%||100.0%|69.6%|16.9%||(37.8%)|
||APAC|EMEA|Americas|JPKO|Total
Fiscal Year 2019|Net Sales|$533,340|315,535|337,842|196,101|$1,382,818
|% of Total|38.6%|22.8%|24.4%|14.2%|
Fiscal Year 2018|Net Sales|$479,987|277,898|259,105|183,191|$1,200,181
|% of Total|40.0%|23.1%|21.6%|15.3%|
|As at 31 December 2019|Monetary assets, current|Monetary assets, non-current|Monetary liabilities, current|Monetary liabilities, non-current||As at 31 December 2018|Monetary assets, current|Monetary assets, non-current|Monetary liabilities, current|Monetary liabilities, non-current|
USD denominated RMB’Million||27,728|373|(4,273)|(91)|23,737||18,041|2,642|(3,434)|(3,733)|13,516
Non-USD denominated RMB’Million||2,899|–|(14,732)|(5,739)|(17,572)||1,994|–|(4,587)|(9,430)|(12,023)
||Derivative liabilities carried at fair value through profit or loss (FVTPL)|Interest rate swaps|Forward foreign exchange contracts|Derivative liabilities designated and effective as hedging instruments carried at fair value|Cross currency swaps|Total|Derivative financial instruments, current liability|Derivative financial instruments, non-current liability|Total
As of December 31,|2018||9,196|1,467||1,429|12,092|2,091|10,001|12,092
|2019||49,891|41||—|49,932|8,095|41,837|49,932
||Numerator:|Net income|Denominator:|Shares used in basic computation|Dilutive impact of employee equity award plans|Shares used in diluted computation|Net Income per Share:|Basic|Diluted
|April 26, 2019||$ 1,169||254|5|259||$ 4.60|$ 4.51
Year Ended|April 27, 2018||$ 116||268|8|276||$ 0.43|$ 0.42
|April 28, 2017||$ 481||275|6|281||$ 1.75|$ 1.71
|(dollars in millions)|Land and rights-of-way|Buildings and leasehold improvements|Network equipment|Office software, furniture, fixtures and vehicles|Construction in process|Gross value|Accumulated depreciation|Property, plant and equipment, net
|2019|$117.2|315.4|4,044.6|229.3|38.9|4,745.4|(2,964.6)|$1,780.8
December 31,|2018|$117.2|305.2|3,913.3|216.3|47.1|4,599.1|(2,755.1)|$1,844.0
Depreciable|Lives (Years)|20 - Indefinite|5 - 40|2 - 50|2-14|n/a|||
Depreciation expense on property, plant and equipment, including assets accounted for as finance leases, totaled $290.2 million in 2019, $239.6 million in 2018 and $190.4 million in 2017. The portion of depreciation expense associated with cost of providing services was 87%, 85% and 84% in 2019, 2018 and 2017, respectively. There are numerous assets included within network equipment resulting in a range of depreciable lives between 2 and 50 years, the majority of which fall within the range of 7 to 25 years
|||Opening balance – IAS 39|Adjustment on adoption of IFRS 9|Opening balance – IFRS 9|Additions|Business combination|Disposals/Settlements|Transfers|Changes in fair value recognised in other comprehensive income|Changes in fair value recognised in profit or loss*|Currency translation differences|Closing balance|* Includes unrealised gains or (losses) recognised in profit or loss attributable to balances held at the end of the reporting period
Financial assets|2019|RMB’Million|||83,934|39,116|–|(6,714)|(4,552)|328|9,241|1,740|123,093|3,265
|2018|RMB’Million|77,131|22,976|100,107|51,185|–|(9,899)|(93,151)|261|30,485|4,946|83,934|6,861
Financial liabilities|2019|RMB’Million|||4,466|75|(977)|(1,193)|–|–|(463)|(35)|1,873|(463)
|2018|RMB’Million|2,154|–|2,154|3,301|–|–|–|–|(1,063)|74|4,466|(1,063)
||2020|2021|2022|2023|2024|Thereafter|Total lease payments|Less: interest|Total|Less: current portion|Long-term portion
Operating Leases|(Dollars in millions)|$460|361|308|265|194|686|2,274|(516)|$1,758|(416)|$1,342
Finance Leases||47|28|22|22|21|170|310|(90)|220|(35)|185
||Interest rate swaps|Carrying amount (non-current (liabilities)/assets)|Notional amount|Maturity date||Hedge ratio|Change in fair value of outstanding hedging instruments since 1 January|Change in value of hedged item used to determine hedgeeffectiveness|Weighted average hedged rate for the year
2019|RMB’Million||(494)|29,423|30/7/2021~|11/4/2024|1:1|(2,139)|(2,139)|2.10%
2018|RMB’Million||1,663|77,630|28/6/2019~|8/12/2023|1:1|181|181|1.60%
We ship our products to locations specified by our customers and, as a result, customers may have headquarters in one location with global supply chain and operations in other locations. Our customers may request we deliver products to countries where they own or operate production facilities or to countries where they utilize third-party subcontractors or warehouses. Based on the ship-to locations specified by our customers, revenue from sales into China (including Hong Kong) accounted for 53%, 57%, and 51% of total revenue in 2019, 2018, and 2017, respectively; revenue from sales into Taiwan accounted for 13%, 9%, and 13% of total revenue in 2019, 2018, and 2017, respectively; and revenue from sales into the United States accounted for 11%, 12%, and 14% of total revenue in 2019, 2018, and 2017, respectively.
For the year ended|United States|Mainland China (excluding Hong Kong)|Taiwan|Hong Kong|Other Asia Pacific|Japan|Other|
2019|$12,451|3,595|2,703|1,614|1,032|958|1,053|$23,406
2018|$17,116|3,607|3,918|1,761|1,458|1,265|1,266|$30,391
2017|$11,359|1,539|2,892|1,429|1,078|1,042|983|$20,322
||Net income|Weighted average common shares|Dilutive potential common shares|Weighted average dilutive common shares outstanding|Earnings per share:|Basic|Diluted
Year ended September 30,|2019|$4,566,156|13,442,871|8,343|13,451,214||$0.34|$0.34
|2018|$4,274,547|13,429,232|23,628|13,452,860||$0.32|$0.32
|2017|$3,847,839|13,532,375|128,431|13,660,806||$0.28|$0.28
|Balances at December 31, 2017|Goodwill acquired|Goodwill related to assets held for sale|Currency translation adjustments|Reclassifications and other|Balances at December 31, 2018|Goodwill acquired|Currency translation adjustments|Reclassifications and other|Balances at December 31, 2019
Application Software|$ 4,565.4|684.4|—|(17.0)|3.3|$ 5,236.1|143.4|8.3|1.6|$ 5,389.4
Network Software & Systems|$ 2,591.3|33.1|—|(2.3)|1.6|$ 2,623.7|1,303.6|8.8|(2.6)|$ 3,933.5
Measurement & Analytical Solutions|$ 1,345.4|—|(156.2)|(14.5)|—|$ 1,174.7|—|3.3|—|$ 1,178.0
Process Technologies|$ 318.2|—|—|(5.9)|—|$312.3|—|2.2|—|$ 314.5
Total|$    8,820.3|717.5|(156.2)|(39.7)|4.9|$  9,346.8|1,447.0|22.6|(1.0)|$ 10,815.4
|(In thousands)|Professional Service and Other Revenues:|Americas|EMEA|Asia Pacific|Total Professional Service and Other Revenues|Cost of Professional Service and Other Revenues|GAAP-based Professional Service and Other Gross Profit|GAAP-based Professional Service and Other Gross Margin %|% Professional Service and Other Revenues by|Geography:|Americas|EMEA|Asia Pacific
|2019||$132,426|122,861|29,649|284,936|224,635|$60,301|21.2%|||46.5%|43.1%|10.4%
|Change increase (decrease)||$(19,045)|(8,982)|(3,294)|(31,321)|(28,754)|$(2,567)||||||
Year Ended June 30,|2018||$151,471|131,843|32,943|316,257|253,389|$62,868|19.9%|||47.9%|41.7%|10.4%
|Change increase (decrease)||$39,872|29,601|11,468|80,941|58,435|$22,506||||||
|2017||$111,599|102,242|21,475|235,316|194,954|$40,362|17.2%|||47.4%|43.4%|9.2%
As of May 26, 2019, we had aggregate unfunded pension and postretirement benefit obligations totaling $131.7 million and $87.8 million, respectively. These amounts are not included in the table above as the unfunded obligations are remeasured each fiscal year, thereby resulting in our inability to accurately predict the ultimate amount and timing of any future required contributions to such plans. Based on current statutory requirements, we are not obligated to fund any amount to our qualified pension plans during the next twelve months. We estimate that we will make payments of approximately $14.2 million and $10.8 million over the next twelve months to fund our pension and postretirement plans, respectively. See Note 19 "Pension and Postretirement Benefits" to the consolidated financial statements and "Critical Accounting Estimates - Employment Related Benefits" contained in this report for further discussion of our pension obligations and factors that could affect estimates of this liability.
Lamb Weston is a party to an agricultural sublease agreement with a third party for certain farmland through 2020 (subject, at Lamb Weston's option, to extension for two additional five-year periods). Under the terms of the sublease agreement, Lamb 39 Weston is required to make certain rental payments to the sublessor. We have guaranteed Lamb Weston's performance and the payment of all amounts (including indemnification obligations) owed by Lamb Weston under the sublease agreement, up to a maximum of $75.0 million. We believe the farmland associated with this sublease agreement is readily marketable for lease to other area farming operators. As such, we believe that any financial exposure to the company, in the event that we were required to perform under the guaranty, would be largely mitigated.
|Contractual Obligations|Long-term debt .|Capital lease obligations|Operating lease obligations|Purchase obligations and other contracts|Notes payable|Total
|Total|$10,556.6|165.4|312.6|1,483.5|1.0|$12,519.1
|Less than 1 Year|$—|20.6|52.1|1,195.3|1.0|$1,269.0
Payments Due by Period (in millions)|1-3 Years|$2,747.6|41.0|86.4|223.4|—|$3,098.4
|3-5 Years|$2,287.0|29.4|59.7|53.2|—|$2,429.3
|After 5 Years|$5,522.0|74.4|114.4|11.6|—|$5,722.4
In 2019, FCC licenses increased $15.6 million, $18.2 million of which was through acquisitions, offset by $2.3 million of impairments and $0.3 million loss on the sale of licenses. Our Broadcasting segment recorded the impairment as a result of its decision to forfeit FCC licenses in certain lower-ranked markets, and does not expect any significant changes to future cash flows as a result of these forfeitures. The Company reports intangible impairment charges within the Asset impairment expense line of our Consolidated Statements of Operations.