feyninc/tacha huggingface dataset:
## Table

|  | Rights and licenses | Internally generated software | Software under development | Total |
|---|---|---|---|---|
| Movements | $'000 | $'000 | $'000 | $'000 |
| At 30 June 2019 |  |  |  |  |
| Cost | 13 | 12,961 | 16,284 | 29,259 |
| Accumulated amortisation | - | (5,580) | - | (5,580) |
| Netbook amount | 13 | 7,381 | 16,284 | 23,678 |
| 30 June 2018 |  |  |  |  |
| Opening net book amount at 1 July 2017 | 43 | 442 | 8,053 | 8,538 |
| Additions – externally acquired | 13 | - | 5,253 | 5,266 |
| Additions – internally developed | - | - | 1,256 | 1,256 |
| Amortisation | (43) | (1,746) | - | (1,789) |
| Transfers | - | 7,563 | (7,563) | - |
| Transfer between classes | - | 744 | - | 744 |
| Disposals | - | (618) | (490) | (1,108) |
| Closing net book amount | 13 | 6,385 | 6,509 | 12,907 |
| At 30 June 2018 |  |  |  |  |
| Cost | 104 | 9,555 | 6,509 | 16,168 |
| Accumulated amortisation | (91) | (3,170) | - | (3,261) |
| Net book amount | 13 | 6,385 | 6,509 | 12,907 |



## Text

11 Intangible assets (continued)


(a) Intangible assets


RIGHTS AND LICENCES


Certain licences that NEXTDC possesses have an indefinite useful life and are carried at cost less impairment losses and are subject to impairment review at least annually and whenever there is an indication that it may be impaired.


Other licences that NEXTDC acquires are carried at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognised on a straight-line basis over the estimated useful life. The estimated useful life and amortisation method are reviewed at the end of each annual reporting period.


INTERNALLY GENERATED SOFTWARE


Internally developed software is capitalised at cost less accumulated amortisation. Amortisation is calculated using the straight-line basis over the asset’s useful economic life which is generally two to three years. Their useful lives and potential impairment are reviewed at the end of each financial year.


SOFTWARE UNDER DEVELOPMENT


Costs incurred in developing products or systems and costs incurred in acquiring software and licenses that will contribute to future period financial benefits through revenue generation and/or cost reduction are capitalised to software and systems. Costs capitalised include external direct costs of materials and services and employee costs.


Assets in the course of construction include only those costs directly attributable to the development phase and are only recognised following completion of technical feasibility and where the Group has an intention and ability to use the asset.
## Table

|  |  | Years Ended December 31, |  |
|---|---|---|---|
|  | 2017 | 2018 | 2019 |
|  | % | % | % |
| Operating revenues | 100.0 | 100.0 | 100.0 |
| Operating costs | (81.9) | (84.9) | (85.6) |
| Gross profit | 18.1 | 15.1 | 14.4 |
| Operating expenses |  |  |  |
| Sales and marketing | (2.8) | (2.6) | (2.6) |
| General and administrative | (2.8) | (3.2) | (3.6) |
| Research and development | (9.2) | (8.6) | (8.0) |
| Expected credit losses | — | (0.3) | (0.4) |
| Subtotal | (14.8) | (14.7) | (14.6) |
| Net other operating income and expenses | 1.1 | 3.4 | 3.5 |
| Operating income | 4.4 | 3.8 | 3.3 |
| Non-operating income and expenses | 0.7 | (2.4) | (0.1) |
| Income from continuing operations before income tax | 5.1 | 1.4 | 3.2 |
| Income tax benefit (expense) | (0.6) | 0.7 | (0.1) |
| Net income | 4.5 | 2.1 | 3.1 |
| Total other comprehensive income (loss), net of tax | (3.2) | 0.6 | 1.9 |
| Total comprehensive income | 1.3 | 2.7 | 5.0 |
| Net income attributable to: |  |  |  |
| Stockholders of the parent | 6.5 | 5.1 | 5.5 |
| Non-controlling interests | (2.0) | (3.0) | (2.4) |
| Total comprehensive income attributable to: |  |  |  |
| Stockholders of the parent | 3.3 | 5.7 | 7.4 |
| Non-controlling interests | (2.0) | (3.0) | (2.4) |



## Text

Year Ended December 31, 2019 Compared to Year Ended December 31, 2018


Operating revenues. Operating revenues decreased by 2.0% from NT$151,253 million in 2018 to NT$148,202 million (US$4,955 million) in
2019, primarily due to decreased other operating revenues, decreased foundry wafer sale, and 2.5% depreciation of the NTD in 2019 from 2018. The decreased foundry wafer sale came from a decline of 2.9% in average selling price from 2018 to 2019, partially offset by a 1.1% increase in foundry wafer shipment from 7,108 thousand 8-inch equivalent wafers in 2018 to 7,189 thousand 8-inch equivalent wafers in 2019.


Operating costs. Operating costs decreased by 1.2% from NT$128,413 million in 2018 to NT$126,887 million (US$4,242 million) in 2019, primarily due to the decreased depreciation expense and other operating costs, which was partially offset by the increased direct material costs.


Gross profit and gross margin. Gross profit decreased from NT$22,840 million in 2018 to NT$21,315 million (US$713 million) in 2019. Our gross margin decreased from 15.1% in 2018 to 14.4% in 2019, primarily due to an annual decline of 2.9% in average selling price.
## Table

|  | 2019 €m | 2018 €m | 2017 €m |
|---|---|---|---|
| Continuing (loss)/profit before tax as shown in the consolidated income statement | (2,613) | 3,878 | 2,792 |
| Aggregated expected income tax (credit)/expense | (457) | 985 | 795 |
| Impairment losses with no tax effect | 807 | – | – |
| Disposal of Group investments | – | 55 | (271) |
| Effect of taxation of associates and joint ventures, reported within profit before tax | 262 | 90 | 23 |
| (Recognition)/derecognition of deferred tax assets for losses in Luxembourg and Spain1 | 1,186 | (1,583) | 1,603 |
| Deferred tax following revaluation of investments in Luxembourg1 | (488) | (330) | (329) |
| Previously unrecognised temporary differences we expect to use in the future | – | – | (15) |
| Previously unrecognised temporary differences utilised in the year | – | (29) | (11) |
| Current year temporary differences (including losses) that we currently do not expect to use | 78 | 20 | 139 |
| Adjustments in respect of prior year tax liabilities2 | (94) | (244) | (107) |
| Revaluation of assets for tax purposes | – | – | (39) |
| Impact of tax credits and irrecoverable taxes | 79 | 93 | 98 |
| Deferred tax on overseas earnings3 | (39) | 24 | 26 |
| Effect of current year changes in statutory tax rates on deferred tax balances | (2) | (44) | 2,755 |
| Financing costs not deductible for tax purposes | 67 | 23 | 25 |
| Expenses not deductible (income not taxable) for tax purposes | 97 | 61 | 72 |
| Income tax expense/(credit) | 1,496 | (879) | 4,764 |



## Text

Factors affecting the tax expense for the year


The table below explains the differences between the expected tax expense, being the aggregate of the Group’s geographical split of profits multiplied by the relevant local tax rates and the Group’s total tax expense for each year.


Notes: 1 See note below regarding deferred tax asset recognition in Luxembourg and Spain on pages 140 and 141


2 2018 includes the impact of closing tax audits across the Group during the year, including in Germany and Romania


3 Includes a €42 million credit (2018: €15 million charge, 2017 €95 million charge) relating to the combination of Vodafone India with Idea Cellular
## Table

|  |  |  | Year ended December 31, 2018 |  |  |
|---|---|---|---|---|---|
|  | Software Solutions | Data and Analytics | Corporate and Other |  | Total |
| Revenues | $962.0 | $154.5 | $(2.5) | (1) | $1,114.0 |
| Expenses: |  |  |  |  |  |
| Operating expenses | 394.8 | 115.0 | 115.6 | (2) | 625.4 |
| Transition and integration costs | — | — | 6.6 | (5) | 6.6 |
| EBITDA | 567.2 | 39.5 | (124.7) |  | 482.0 |
| Depreciation and amortization | 112.9 | 14.1 | 90.0 | (4) | 217.0 |
| Operating income (loss) | 454.3 | 25.4 | (214.7) |  | 265.0 |
| Interest expense, net |  |  |  |  | (51.7) |
| Other expense, net |  |  |  |  | (7.1) |
| Earnings before income taxes |  |  |  |  | 206.2 |
| Income tax expense |  |  |  |  | 37.7 |
| Net earnings |  |  |  |  | $168.5 |
| Balance sheet data: |  |  |  |  |  |
| Total assets | $3,227.8 | $310.2 | $115.4 | (6) | $3,653.4 |
| Goodwill | $2,157.6 | $172.1 | $— |  | $2,329.7 |



## Text

Summarized financial information concerning our segments is shown in the tables below (in millions):


(1) Revenues for Corporate and Other represent deferred revenue purchase accounting adjustments recorded in accordance with GAAP.


(2) Operating expenses for Corporate and Other includes equity-based compensation, including certain related payroll taxes, of $51.7 million, $51.4 million and $19.2 million for the years ended December 31, 2019, 2018 and 2017, respectively.


(4) Depreciation and amortization for Corporate and Other primarily represents net incremental depreciation and amortization adjustments associated with the application of purchase accounting recorded in accordance with GAAP.


(5) Transition and integration costs primarily consists of costs associated with executive transition, transition-related costs as we transferred certain corporate functions from FNF and acquisitions.


(6) Receivables from related parties are included in Corporate and Other.
## Table

|  |  | Year Ended |  |
|---|---|---|---|
|  | June 30, 2019 | June 24, 2018 | June 25, 2017 |
|  |  | (in thousands) |  |
| Income tax expense computed at federal statutory rate | $513,780 | $891,011 | $634,086 |
| State income taxes, net of federal tax benefit | (17,565) | (50,585) | (11,973) |
| Foreign income taxed at different rates | (260,344) | (939,808) | (352,860) |
| Settlements and reductions in uncertain tax positions | (31,291) | (33,367) | (144,519) |
| Tax credits | (71,779) | (69,301) | (37,713) |
| State valuation allowance, net of federal tax benefit | 26,742 | 57,302 | 12,070 |
| Equity-based compensation | (7,566) | (35,875) | 13,187 |
| Other permanent differences and miscellaneous items | 39,251 | 43,214 | 1,632 |
| U.S. tax reform impacts | 63,913 | 908,517 | — |
|  | $255,141 | $771,108 | $113,910 |



## Text

A reconciliation of income tax expense provided at the federal statutory rate (21% in fiscal year 2019, 28.27% in fiscal year 2018, and 35% in fiscal year 2017) to actual income tax expense is as follows:


In July 2015, the U.S. Tax Court issued an opinion favorable to Altera with respect to Altera’s litigation with the IRS. The litigation related to the treatment of stock-based compensation expense in an intercompany cost-sharing arrangement with Altera’s foreign subsidiary. In its opinion, the U.S. Tax Court accepted Altera’s position of excluding stock-based compensation from its intercompany cost-sharing arrangement. In June 2019, the Ninth Circuit, through a three-judge panel, reversed the 2015 decision of the U.S. Tax Court. Altera has petitioned the Ninth Circuit for an en banc rehearing of a larger panel of eleven Ninth Circuit judges. The Company will continue to monitor and evaluate the potential impact of this litigation on its fiscal year 2020 Consolidated Financial Statements. The estimated potential impact is in the range of $75 million, which may result in a decrease in deferred tax assets and an increase in tax expense.


Effective from fiscal year 2014 through 2017, the Company had a tax ruling in Switzerland for one of its foreign subsidiaries. The impact of the tax ruling decreased taxes by approximately $6.3 million for fiscal year 2017. The benefit of the tax ruling on diluted earnings per share was approximately $0.03 in fiscal year 2017. Effective fiscal year 2018, the Company has withdrawn its reduced tax rate ruling in Switzerland for this subsidiary due to the ruling being no longer necessary as the subsidiary meets the requirements to achieve the reduced tax rate under Swiss tax law.


Earnings of the Company’s foreign subsidiaries included in consolidated retained earnings that are indefinitely reinvested in foreign operations aggregated to approximately $458.4 million at June 30, 2019. If these earnings were remitted to the United States, they would be subject to foreign withholding taxes of approximately $73.1 million at current statutory rates.
## Table

| (In millions, except per share amounts) |  |  |  |  |  |
|---|---|---|---|---|---|
| Quarter Ended | September 30 | December 31 | March 31 | June 30 | Total |
| Fiscal Year 2019 |  |  |  |  |  |
| Revenue | $  29,084 | $  32,471 | $  30,571 | $  33,717 | $  125,843 |
| Gross margin | 19,179 | 20,048 | 20,401 | 23,305 | 82,933 |
| Operating income | 9,955 | 10,258 | 10,341 | 12,405 | 42,959 |
| Net income (a) | 8,824 | 8,420 | 8,809 | 13,187 | 39,240 |
| Basic earnings per share | 1.15 | 1.09 | 1.15 | 1.72 | 5.11 |
| Diluted earnings per share (b) | 1.14 | 1.08 | 1.14 | 1.71 | 5.06 |
| Fiscal Year 2018 |  |  |  |  |  |
| Revenue | $  24,538 | $ 28,918 | $ 26,819 | $ 30,085 | $ 110,360 |
| Gross margin | 16,260 | 17,854 | 17,550 | 20,343 | 72,007 |
| Operating income | 7,708 | 8,679 | 8,292 | 10,379 | 35,058 |
| Net income (loss) (c) | 6,576 | (6,302) | 7,424 | 8,873 | 16,571 |
| Basic earnings (loss) per share | 0.85 | (0.82) | 0.96 | 1.15 | 2.15 |
| Diluted earnings (loss) per share (d) | 0.84 | (0.82) | 0.95 | 1.14 | 2.13 |



## Text

NOTE 21 — QUARTERLY INFORMATION (UNAUDITED)


(a) Reflects the $157 million net charge related to the enactment of the TCJA for the second quarter and the $2.6 billion net income tax benefit related to the intangible property transfers for the fourth quarter, which together increased net income by $2.4 billion for fiscal year 2019. See Note 12 – Income Taxes for further information.


(b) Reflects the net charge related to the enactment of the TCJA and the net income tax benefit related to the intangible property transfers, which decreased (increased) diluted EPS $0.02 for the second quarter, $(0.34) for the fourth quarter, and $(0.31) for fiscal year 2019.


(c) Reflects the net charge (benefit) related to the enactment of the TCJA of $13.8 billion for the second quarter, $(104) million for the fourth quarter, and $13.7 billion for fiscal year 2018.


(d) Reflects the net charge (benefit) related to the enactment of the TCJA, which decreased (increased) diluted EPS $1.78 for the second quarter, $(0.01) for the fourth quarter, and $1.75 for fiscal year 2018.
## Table

|  | Years Ended December 31 |  | Change |
|---|---|---|---|
|  | 2019 | 2018 | % |
|  | (in thousands) |  |  |
| Revenues | $23,713 | $14,762 | 60.6 |
| Cost of goods sold | 24,574 | 11,780 | (108.6) |
| Gross profit (loss) | (861) | 2,982 |  |
| Gross profit % | -3.6% | 20.2% |  |
| Selling, general and administrative expenses | 13,696 | 11,194 | (22.4) |
| Loss from operations | (14,557) | (8,212) | (77.3) |
| Other income (expense): | (96) | (12) |  |
| Interest expense | 50 | - |  |
| Other, net | 868 | 168 |  |
| Total other (expense) income | 822 | 156 |  |
| Loss before income taxes | $(13,735) | $(8,056) |  |



## Text

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS


See Note 3 of our Notes to Consolidated Financial Statements for a discussion of 2019 and 2018 acquisitions.


Results of Operations


Revenues increased $9.0 million, or 61%, in 2019 compared to the prior year, with overall growth supported by the acquisition of Golden Ridge in November 2018, and MGI Grain in April 2019. Food product revenues increased 97% year over year, primarily due to the addition of new products for human consumption from Golden Ridge and MGI Grain. Animal feed product revenues increased 10%. Animal feed product growth was primarily due to increased buying from our existing SRB customer base.


Gross profit percentage decreased 23.8 percentage points to negative 3.6% in 2019 from 20.2% in the prior year. The decrease in gross profit was primarily attributable to operating losses at Golden Ridge due to an unfavorable contract to sell medium grain rice entered into by the seller of the mill and low levels of plant utilization in the latter half of the year while the mill was going through a planned upgrade cycle. With this project completed in early January 2020, we expect to see improved productivity and a positive contribution margin from Golden Ridge in 2020.


Selling, general and administrative (SG&A) expenses were $13.7 million in 2019, compared to $11.2 million in 2018, an increase of $2.5 million, or 22.4%. Outside services increased $1.1 million in 2019, compared to the prior year, primarily as a result of higher outside accounting, legal and professional fees associated with the acquisition of Golden Ridge and MGI Grain. Salary, wages and benefit related expenses increased $1.1 million in 2019, compared to the prior year, driven substantially by equity grants and outside labor costs. Bad debt expense increased $0.2 million and rent expense increased $0.1 million in 2019, compared to the prior year.


Other, net was $0.9 million for 2019 compared to $0.2 million in 2018. This increase was primarily related to the settlement of a net working capital dispute and other issues with the seller of Golden Ridge.
## Table

| ($ in millions) |  |  |  |  |
|---|---|---|---|---|
| At December 31, 2019: | Americas | EMEA | Asia Pacific | Total |
| Recorded investment: |  |  |  |  |
| Lease receivables | $ 3,419 | $1,186 | $  963 | $ 5,567 |
| Loan receivables | 6,726 | 3,901 | 2,395 | 13,022 |
| Ending balance | $10,144 | $5,087 | $3,359 | $18,590 |
| Recorded investment, collectively evaluated for impairment | $10,032 | $5,040 | $3,326 | $18,399 |
| Recorded investment, individually evaluated for impairment | $   112 | $   47 | $   32 | $   191 |
| Allowance for credit losses |  |  |  |  |
| Beginning balance at January 1, 2019 |  |  |  |  |
| Lease receivables | $    53 | $   22 | $   24 | $     99 |
| Loan receivables | 105 | 43 | 32 | 179 |
| Total | $   158 | $   65 | $   56 | $   279 |
| Write-offs | (42) | (3) | (18) | (63) |
| Recoveries | 1 | 0 | 1 | 2 |
| Provision | 5 | (7) | (3) | (5) |
| Other* | (1) | 0 | (1) | (2) |
| Ending balance at December 31, 2019 | $   120 | $   54 | $   36 | $   210 |
| Lease receivables | $    33 | $   23 | $   16 | $    72 |
| Loan receivables | $    88 | $   31 | $   20 | $   138 |
| Related allowance, collectively evaluated for impairment | $    25 | $   11 | $    4 | $    39 |
| Related allowance, individually evaluated for impairment | $    96 | $   43 | $   32 | $   171 |



## Text

The following tables present the recorded investment by portfolio segment and by class, excluding commercial financing receivables and other miscellaneous financing receivables at December 31, 2019 and 2018. Commercial financing receivables are excluded from the presentation of financing receivables by portfolio segment, as they are short term in nature and the current estimated risk of loss and resulting impact to the company’s financing results are not material.


Write-offs of lease receivables and loan receivables were $16 million and $47 million, respectively, for the year ended December 31, 2019. Provisions for credit losses recorded for lease receivables and loan receivables were a release of $6 million and an addition of $2 million, respectively, for the year ended December 31, 2019.


The average recorded investment of impaired leases and loans for Americas, EMEA and Asia Pacific was $138 million, $49 million and $45 million, respectively, for the year ended December 31, 2019. Both interest income recognized, and interest income recognized on a cash basis on impaired leases and loans were immaterial for the year ended December 31, 2019.
## Table

| Selling, General and Administrative Costs (in thousands) |  |  |  |
|---|---|---|---|
| Description | Twelve months ended October 31, 2018 | Twelve months ended October 31, 2017 | Increase/(Decrease)  |
| Start-up expense (Tyler, Texas complex)  | $13,394 | $403 | $ 12,991 |
| Legal services expense  | 17,573 | 7,879 | 9,694 |
| All other SG&A  | 68,863 | 61,847 | 7,016 |
| Administrative salary expense | 42,288 | 36,193 | 6,095 |
| Trainee expense  | 21,553 | 16,182 | 5,371 |
| Charter aircraft expense | 2,167 | 900 | 1,267 |
| Depreciation expense - machinery and equipment  | 5,801 | 4,555 | 1,246 |
| Stock compensation expense  | 15,702 | 16,952 | (1,250) |
| Marketing expense | 32,624 | 34,272 | (1,648) |
| Start-up expense (St. Pauls, North Carolina complex)  | — | 4,022 | (4,022) |
| Bonus award program expense  | — | 15,098 | (15,098) |
| Employee Stock Ownership Plan ("ESOP") expense | 2,000 | 18,000 | (16,000) |
| Total SG&A  | $221,965 | $216,303 | $ 5,662 |



## Text

SG&A costs during fiscal 2018 were $222.0 million, an increase of $5.7 million compared to the $216.3 million of SG&A during fiscal 2017. The following table shows the components of SG&A costs for the twelve months ended October 31, 2018 and 2017.


Regarding the table above, the change in start-up expense in any particular period relates to the stage of the start-up process in which a facility under construction is in during the period. Non-construction related expenses, such as labor, training and office-related expenses for a facility under construction are recorded as start-up expense until the facility begins operations. As a facility moves closer to actual start-up, the expenses incurred for labor, training, etc. increase. As a result, amounts classified as start-up expenses will increase period over period until the facility begins production. Once production begins, the expenses from that point forward are recorded as costs of goods sold. The increase in legal expenses was primarily attributable to our ongoing defense of the litigation described in “Part II, Item 3. Legal Proceedings” of this Form 10-K. The increases in trainee expense and administrative salaries were primarily attributable to increases in personnel that coincide with the Company's growth plans. The decrease in bonus expense, payouts of which are based on profitability, was the result of profitability not reaching the required levels for payout of that incentive. The decrease in ESOP expense, payouts of which are based on profitability, was attributable to the difference in the level of profitability between fiscal 2018 and 2017. The increase in all other SG&A expenses was the result of a net increase in various other categories of SG&A costs.
## Table

|  |  | Years Ended December 31, |  |
|---|---|---|---|
|  | 2019 | 2018 | 2017 |
| Stock-based compensation by type of award: |  |  |  |
| Stock options | $648 | $1,353 | $2,705 |
| Stock awards | 14,882 | 10,445 | 11,421 |
| Employee stock purchase rights(1) | 999 | 5,240 | 3,077 |
| Total | $16,529 | $17,038 | $17,203 |
| Stock-based compensation by category of expense: |  |  |  |
| Cost of revenue | $1,500 | $1,602 | $1,362 |
| Sales and marketing | 5,765 | 5,667 | 6,075 |
| Research and development | 6,039 | 6,631 | 6,343 |
| General and administrative | 3,225 | 3,138 | 3,423 |
| Total | $16,529 | $17,038 | $17,203 |



## Text

Stock-Based Compensation


A summary of our stock-based compensation expense is as follows (in thousands):


(1) Amount for the year ended December 31, 2018 includes $4.1 million of accelerated stock-based compensation expense. In March 2018, as
a result of a suspension of the 2014 Purchase Plan due to our non-timely filing status, all unrecognized stock-based compensation expense
related to ESPP under the 2014 Purchase Plan was accelerated and recognized within the consolidated statement of operations.


As of December 31, 2019, we had $29.5 million of unrecognized stock-based compensation expense related to
unvested stock-based awards, including ESPP under our Amended 2014 Purchase Plan, which will be recognized
over a weighted-average period of 2.6 years.