feyninc/tacha huggingface dataset:
## Table

|  |  |  | Year Ended December 31, |
|---|---|---|---|
| (In thousands, unaudited) | 2019 | 2018 | 2017 |
| Net income (loss) | $ (19,931) | $ (50,571) | $ 65,299 |
| Add (subtract): |  |  |  |
| Interest expense, net of interest income | 136,660 | 134,578 | 129,786 |
| Income tax benefit | (3,714) | (24,127) | (124,927) |
| Depreciation and amortization | 381,237 | 432,668 | 291,873 |
| EBITDA | 494,252 | 492,548 | 362,031 |
| Adjustments to EBITDA: |  |  |  |
| Other, net (1) | (8,847) | 549 | 19,314 |
| Investment distributions (2) | 35,809 | 39,078 | 29,993 |
| Gain on extinguishment of debt | (4,510) | — | — |
| Non-cash, stock-based compensation | 6,836 | 5,119 | 2,766 |
| Adjusted EBITDA | $ 523,540 | $ 537,294 | $ 414,104 |



## Text

Non-GAAP Measures


In addition to the results reported in accordance with US GAAP, we also use certain non-GAAP measures such as EBITDA and adjusted EBITDA to evaluate operating performance and to facilitate the comparison of our historical results and trends. These financial measures are not a measure of financial performance under US GAAP and should not be considered in isolation or as a substitute for net income as a measure of performance and net cash provided by operating activities as a measure of liquidity.


They are not, on their own, necessarily indicative of cash available to fund cash needs as determined in accordance with GAAP. The calculation of these non-GAAP measures may not be comparable to similarly titled measures used by other companies. Reconciliations of these non-GAAP measures to the most directly comparable financial measures presented in accordance with GAAP are provided below.


EBITDA is defined as net earnings before interest expense, income taxes, and depreciation and amortization. Adjusted EBITDA is comprised of EBITDA, adjusted for certain items as permitted or required under our credit facility as described in the reconciliations below. These measures are a common measure of operating performance in the telecommunications industry and are useful, with other data, as a means to evaluate our ability to fund our estimated uses of cash.


The following tables are a reconciliation of net income (loss) to adjusted EBITDA for the years ended December 31, 2019, 2018 and 2017:


(1) Other, net includes the equity earnings from our investments, dividend income, income attributable to noncontrolling interests in subsidiaries, acquisition and transaction related costs including integration and severance, non-cash pension and post-retirement benefits and certain other miscellaneous items. (2) Includes all cash dividends and other cash distributions received from our investments.
## Table

|  |  | Fiscal Year Ended |  |
|---|---|---|---|
| (In thousands, except per share amounts) | December 29, 2019 | December 30, 2018 | December 31, 2017 |
| Basic net income (loss) per share: |  |  |  |
| Numerator: |  |  |  |
| Net income (loss) attributable to stockholders | $22,159 | $(811,091) | $(929,121) |
| Denominator: |  |  |  |
| Basic weighted-average common shares | 144,796 | 140,825 | 139,370 |
| Basic net income (loss) per share | $0.15 | $(5.76) | $(6.67) |
| Diluted net income (loss) per share 1 |  |  |  |
| Numerator: |  |  |  |
| Net income (loss) attributable to stockholders | $22,159 | $(811,091) | $(929,121) |
| Net income (loss) available to common stockholders | $22,159 | $(811,091) | $(929,121) |
| Denominator: |  |  |  |
| Basic weighted-average common shares | 144,796 | 140,825 | 139,370 |
| Effect of dilutive securities: |  |  |  |
| Restricted stock units | 2,729 | - | - |
| Dilutive weighted-average common shares: | 147,525 | 140,825 | 139,370 |
| Dilutive net income (loss) per share | $ 0.15 | $ (5.76) | $ (6.67) |



## Text

Note 15. NET INCOME (LOSS) PER SHARE


We calculate basic net income (loss) per share by dividing earnings allocated to common stockholders by the basic weighted-average number of common shares outstanding for the period.


Diluted weighted-average shares is computed using basic weighted-average number of common shares outstanding plus any potentially dilutive securities outstanding during the period using the treasury-stock-type method and the if-converted method, except when their effect is anti-dilutive. Potentially dilutive securities include stock options, restricted stock units, and the outstanding senior convertible debentures.


The following table presents the calculation of basic and diluted net income (loss) per share attributable to stockholders:


1 As a result of our net loss attributable to stockholders for fiscal 2019, 2018, and 2017, the inclusion of all potentially dilutive stock options, restricted stock units, and common shares under noted warrants and convertible debt would be anti-dilutive. Therefore, those stock options, restricted stock units and shares were excluded from the computation of the weighted-average shares for diluted net loss per share for such periods.
## Table

| Selected Financial Data (in thousands, except per share data) |  |  |  |  |  |
|---|---|---|---|---|---|
|  |  |  | Year Ended September 30, |  |  |
|  | 2019 | 2018 | 2017 | 2016 | 2015 |
| Income Statement Data |  |  |  |  |  |
| Revenue | $84,590 | $63,559 | $45,390 | $34,701 | $25,367 |
| Operating income (loss) | $(4,590) | $(7,806) | $2,769 | $1,824 | $1,892 |
| Net income (loss) | $(724) | $(11,807) | $14,092 | $1,959 | $2,526 |
| Net income (loss) per share—basic | $(0.02) | $(0.33) | $0.43 | $0.06 | $0.08 |
| Net income (loss) per share—diluted | $(0.02) | $(0.33) | $0.40 | $0.06 | $0.08 |
| Balance Sheet Data |  |  |  |  |  |
| Working capital | $34,082 | $17,221 | $41,342 | $31,980 | $24,005 |
| Total assets | $135,897 | $127,150 | $71,719 | $48,385 | $38,746 |
| Other borrowings | $556 | $810 | $— | $— | $— |
| Stockholders’ equity | $107,333 | $95,394 | $61,408 | $39,485 | $30,433 |



## Text

ITEM 6. SELECTED FINANCIAL DATA.


The following selected financial data has been derived from our audited financial statements. This data should be read in conjunction with Item 7— “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our financial statements and related notes thereto included elsewhere in this Form 10-K. Our historical results are not necessarily indicative of operating results to be expected in the future.
## Table

|  | F19 | F18 |  | CHANGE |
|---|---|---|---|---|
| $ MILLION | 53 WEEKS | 52 WEEKS | CHANGE | NORMALISED |
| Sales | 3,797 | 3,566 | 6.5% | 4.2% |
| LBITDA before |  |  |  |  |
| significant items | (5) | (30) | (82.2)% | (88.7)% |
| Depreciation and amortisation | (80) | (80) | 0.7% | 0.7% |
| LBIT before significant items | (85) | (110) | (22.2)% | (24.0)% |
| Significant items | (371) | – | n.m. | n.m. |
| LBIT after significant items | (456) | (110) | 315.5% | 313.7% |
| Gross margin (%) | 31.1 | 31.7 | (59) bps | (49) bps |
| Cost of doing business (%) | 33.4 | 34.8 | (142) bps | (132) bps |
| LBIT 2 to sales (%) | (2.3) | (3.1) | 83 bps | 84 bps |
| Sales per square metre ($)$) | 3,629 | 3,369 | 7.7% | 5.4% |
| Funds employed | 204 | 502 | (59.4)% |  |
| ROFE (%) | (23.0) | (23.3) | 24 bps | 77 bps |



## Text

BIG W’s Store‐controllable VOC and VOC NPS improved on the prior year with higher customer scores translating into sales, with an increase in F19 of 4.2% on a normalised basis to $3.8 billion. Comparable sales increased by 5.3% in F19 and 7.2% in Q4 (Easter‐adjusted) with growth in all customer universes.


BIG W’s growth continues to be driven by an increase in customer transactions (F19: 4.0%) and customers increasingly putting more items in their baskets with comparable items per basket growth of 4.4%. Together this drove comparable item growth of 8.6%. Excluding reusable bags, comparable items increased by 5.2%.


With BIG W’s turnaround gaining momentum, and to build a sustainable network for the future, a store and DC network review was announced in April. BIG W intends to close approximately 30 stores over the next three years and two distribution centres at the end of their leases. The review of the store network is ongoing, with three stores recently announced to be closed in F20.


BIG W has remained price competitive, improved ranges and built a convenient online and in‐store experience in F19.


Normalised Online sales increased by 128% in F19 with Pick up consistently delivering strong sales growth. Apparel, which has been more challenging, improved steadily through H2 due to a focus on range, stock flow and in‐store execution.


Normalised gross profit declined 49 bps for F19 reflecting continued challenges in stockloss as well as slow sell‐through of seasonal apparel in H1. Category mix improved in H2 with improved apparel sell‐through.


Normalised CODB declined 132 bps resulting from store efficiencies and sales growth fractionalising fixed costs.


The LBIT of $85 million before significant items excludes a $371 million charge identified as part of the network review.


Funds employed declined primarily due to significant items provisions. Inventory quality has improved as a result of solid sales and improved apparel sell‐through in H2.


In F20, BIG W will focus on creating a sustainable business that is simpler to operate, and continue providing customers with low prices and more convenient, connected solutions in‐store and online.
## Table

|  | 2019 | 2018 | 2017 |
|---|---|---|---|
| Gross amount at beginning | $15,960.1 | $15,349.0 | $14,277.0 |
| Additions during period: |  |  |  |
| Acquisitions | 887.0 | 721.4 | 499.7 |
| Discretionary capital projects (1) | 258.1 | 173.5 | 120.7 |
| Discretionary ground lease purchases (2) | 189.8 | 180.4 | 150.4 |
| Redevelopment capital expenditures (3) | 213.6 | 177.3 | 138.8 |
| Capital improvements (4) | 161.2 | 94.0 | 65.6 |
| Start-up capital expenditures (5) | 71.3 | 113.1 | 158.1 |
| Other (6) | 45.2 | (3.0) | 106.4 |
| Total additions | 1,826.2 | 1,456.7 | 1,239.7 |
| Deductions during period: |  |  |  |
| Cost of real estate sold or disposed | (304.6) | (395.7) | (246.5) |
| Other (7) | (52.4) | (449.9) | 78.8 |
| Total deductions: | (357.0) | (845.6) | (167.7) |
| Balance at end | $17,429.3 | $15,960.1 | $15,349.0 |



## Text

AMERICAN TOWER CORPORATION AND SUBSIDIARIES SCHEDULE III—SCHEDULE OF REAL ESTATE AND ACCUMULATED DEPRECIATION (dollars in millions)


(1) Includes amounts incurred primarily for the construction of new sites.


(2) Includes amounts incurred to purchase or otherwise secure the land under communications sites.


(3) Includes amounts incurred to increase the capacity of existing sites, which results in new incremental tenant revenue.


(4) Includes amounts incurred to enhance existing sites by adding additional functionality, capacity or general asset improvements.


(5) Includes amounts incurred in connection with acquisitions or new market launches. Start-up capital expenditures includes non-recurring expenditures contemplated in acquisitions, new market launch business cases or initial deployment of new technologies or innovation solutions that lead to an increase in sitelevel cash flow generation.


(6) Primarily includes regional improvements and other additions.


(7) Primarily includes foreign currency exchange rate fluctuations and other deductions.
## Table

|  | Years ended December 31 | Years ended December 31 | Years ended December 31 |
|---|---|---|---|
| (In millions of dollars) | Note | 2019 | 2018 |
| Interest on borrowings 1 |  | 746 | 709 |
| Interest on post-employment benefits liability | 23 | 11 | 14 |
| Loss on repayment of long-term debt | 21 | 19 | 28 |
| (Gain) loss on foreign exchange |  | (79) | 136 |
| Change in fair value of derivative instruments |  | 80 | (95) |
| Capitalized interest |  | (19) | (20) |
| Other |  | 21 | 21 |
| Finance costs before interest on lease liabilities |  | 779 | 793 |
| Interest expense on lease liabilities | 8 | 61 | - |
| Total finance costs |  | 840 | 793 |



## Text

1 Interest on borrowings includes interest on short-term borrowings and on long-term debt.


FOREIGN EXCHANGE AND CHANGE IN FAIR VALUE OF DERIVATIVE INSTRUMENTS We recognized $79 million in net foreign exchange gains in 2019 (2018 – $136 million in net losses). These gains and losses were primarily attributed to our US dollar-denominated commercial paper (US CP) program borrowings (see note 17).


These foreign exchange gains (2018 – losses) were partially offset by the $80 million loss related to the change in fair value of derivatives (2018 – $95 million gain) that was primarily attributed to the debt derivatives, which were not designated as hedges for accounting purposes, we used to substantially offset the foreign exchange risk related to these US dollar-denominated borrowings.


During the year ended December 31, 2018, after determining we would not be able to exercise our outstanding bond forward derivatives (bond forwards) within the designated time frame, we discontinued hedge accounting and reclassified a $21 million loss from the hedging reserve within shareholders’ equity to “change in fair value of derivative instruments” within finance costs.


We subsequently extended the bond forwards and redesignated them as effective hedges. During the year ended December 31, 2019, we exercised these bond forwards. See note 17 for more information on our bond forwards.


NOTE 11: FINANCE COSTS
## Table

|  | Cost | Accum. amort. | Net book value |
|---|---|---|---|
| Assets subject to amortization: |  |  |  |
| Customer related intangibles | $3,926.8 | $(1,083.6) | $  2,843.2 |
| Unpatented technology | 504.0 | (199.5) | 304.5 |
| Software | 172.0 | (93.2) | 78.8 |
| Patents and other protective rights | 9.7 | (7.5) | 2.2 |
| Trade names | 7.3 | (2.8) | 4.5 |
| Assets not subject to amortization: |  |  |  |
| Trade names | 608.9 | — | 608.9 |
| Balances at December 31, 2018 | $  5,228.7 | $(1,386.6) | $  3,842.1 |
| Assets subject to amortization: |  |  |  |
| Customer related intangibles | $  4,955.4 | $(1,349.4) | $  3,606.0 |
| Unpatented technology | 613.0 | (279.6) | 333.4 |
| Software | 172.2 | (111.5) | 60.7 |
| Patents and other protective rights | 12.0 | (8.0) | 4.0 |
| Trade names | 7.9 | (4.1) | 3.8 |
| Assets not subject to amortization: |  |  |  |
| Trade names | 659.8 | — | 659.8 |
| Balances at December 31, 2019 | $ 6,420.3 | $(1,752.6) | $ 4,667.7 |



## Text

Other intangible assets were comprised of:


Amortization expense of other intangible assets was $364.7, $316.5, and $294.3 during the years ended December 31, 2019, 2018 and 2017, respectively. Amortization expense is expected to be $400 in 2020, $383 in 2021, $379 in 2022, $347 in 2023 and $321 in 2024.
## Table

|  |  |  |  | Payments Due by Period |  |
|---|---|---|---|---|---|
|  | Total | Less than 1 year | 1-3 Years | 4-5 Years | More than 5 Years |
| Contractual cash obligations: |  |  |  |  |  |
| Operating leases | $2,040 | $611 | $902 | $527 | $— |
| Finance software lease obligations | 514 | 214 | 300 | — | — |
| Wafer purchases (1) | 57 | 57 | — | — | — |
| Other purchase commitments | 413 | 386 | 27 | — | — |
| Total contractual cash obligations | 3,024 | 1,268 | 1,229 | 527 | — |
| Other commercial commitments (2): |  |  |  |  |  |
| Revolving line of credit | 15,000 | 15,000 | — | — | — |
| Total commercial commitments | 15,000 | 15,000 | — | — | — |
| Total contractual obligations and commercial commitments (3) | $18,024 | $16,268 | $1,229 | $527 | — |



## Text

Contractual Obligations and Commercial Commitments


The following table summarizes our non-cancelable contractual obligations and commercial commitments as of the end of 2019 and the effect such obligations and commitments are expected to have on our liquidity and cash flows in future fiscal periods (in thousands):


(1) Certain of our wafer manufacturers require us to forecast wafer starts several months in advance. We are committed to take delivery of and pay for a portion of forecasted wafer volume.


(2) Other commercial commitments are included as liabilities on our consolidated balance sheets as of the end of 2019.


(3) Does not include unrecognized tax benefits of $2.1 million as of the end of 2019. See Note 10 of the Consolidated Financial Statements.
## Table

|  | 2019 | 2018 | 2017 |
|---|---|---|---|
|  |  | (in thousands) |  |
| Restricted Stock Units: |  |  |  |
| Non-vested at January 1 | 2,454 | 3,174 | 3,778 |
| Awarded | 1,139 | 790 | 939 |
| Vested | (1,237) | (1,382) | (1,434) |
| Forfeited | (87) | (128) | (109) |
| Non-vested at December31 | 2,269 | 2,454 | 3,174 |
| Stock Options: |  |  |  |
| Outstanding at January 1 | 506 | 531 | 926 |
| Granted | 102 | 69 | 111 |
| Exercised | (280) | (94) | (501) |
| Forfeited | (7) | — | — |
| Expired | (2) | — | (5) |
| Outstanding at December 31 | 319 | 506 | 531 |
| Vested and expected to vest at December 31 | 319 | 506 | 531 |
| Exercisable at December 31 | 85 | 256 | 233 |



## Text

Teradyne determined the stock options’ expected life based upon historical exercise data for executive officers, the age of the executive officers and the terms of the stock option grant. Volatility was determined using historical volatility for a period equal to the expected life. The risk-free interest rate was determined using the U.S. Treasury yield curve in effect at the time of grant. Dividend yield was based upon an estimated annual dividend amount of $0.36 per share divided by Teradyne’s stock price on the grant date of $37.95 for the 2019 grants, $47.70 for the 2018 grants and $28.56 for the 2017 grants.


Stock compensation plan activity for the years 2019, 2018, and 2017, is as follows:
## Table

|  |  | Years Ended June 30, |  |
|---|---|---|---|
| (in millions, except per share data) | 2019 | 2018 | 2017 |
| Net income | $167.0 | $188.5 | $47.0 |
| Less: earnings and dividends allocated to participating securities | (1.9) | (1.7) | (0.3) |
| Earnings available for common shareholders used in calculation of basic earnings per share | $165.1 | $186.8 | $46.7 |
| Weighted average number of common shares outstanding, basic | 47.7 | 47.2 | 47.0 |
| Basic earnings per common share | $3.46 | $3.96 | $0.99 |
| Net income | $167.0 | $188.5 | $47.0 |
| Less: earnings and dividends allocated to participating securities | (1.9) | (1.7) | (0.3) |
| Earnings available for common shareholders used in calculation of diluted earnings per share | $165.1 | $186.8 | $46.7 |
| Weighted average number of common shares outstanding, basic | 47.7 | 47.2 | 47.0 |
| Effect of shares issuable under share-based compensation plans | 0.4 | 0.4 | 0.1 |
| Weighted average number of common shares outstanding, diluted | 48.1 | 47.6 | 47.1 |
| Diluted earnings per common share | $3.43 | $3.92 | $0.99 |



## Text

5. Earnings per Common Share


The calculations of basic and diluted earnings per common share for the years ended June 30, 2019, 2018 and 2017 were as follows:
## Table

|  | Reported change | Other activity (including M&A) | Foreign exchange | Organic* change |
|---|---|---|---|---|
|  | % | pps | pps | % |
| Revenue – Europe | (1.9) | 4.1 | 0.8 | 3.0 |
| Service revenue |  |  |  |  |
| Germany | 2.6 | – | – | 2.6 |
| Italy | 1.0 | 0.2 | – | 1.2 |
| UK | (8.1) | 0.1 | 4.5 | (3.5) |
| Spain | 1.8 | 0.3 | – | 2.1 |
| Other Europe | (19.6) | 22.9 | (0.4) | 2.9 |
| Europe | (3.9) | 4.0 | 0.8 | 0.9 |
| Adjusted EBITDA |  |  |  |  |
| Germany | 10.9 | (0.1) | (0.1) | 10.7 |
| Italy | 4.5 | 0.1 | – | 4.6 |
| UK | 45.4 | (1.2) | 7. 6 | 51.8 |
| Spain | 4.4 | 0.6 | – | 5.0 |
| Other Europe | (18.8) | 26.8 | (0.3) | 7.7 |
| Europe | 7.3 | 5.1 | 0.6 | 13.0 |
| Europe adjusted operating profit | 53.2 | 34.8 | (1.7) | 86.3 |



## Text

European revenue decreased by 1.9%. Foreign exchange movements contributed a 0.8 percentage point negative impact and the deconsolidation of Vodafone Netherlands contributed a 4.1 percentage point negative impact, offset by 3.0% organic growth. Service revenue increased by 0.9%* or 0.6%* excluding a legal settlement in Germany in Q4, driven by strong fixed customer growth and the benefit of the Group’s “more-for-more” mobile propositions in several markets, which offset increased regulatory headwinds following the implementation of the EU’s “Roam Like At Home” policy in June and the impact of the introduction of handset financing in the UK. Excluding regulation and UK handset financing, as well as a legal settlement in Germany in Q4, service revenue growth was 2.0%* (Q3: 1.9%*, Q4: 1.7%*).


Adjusted EBITDA increased 7.3%, including a 5.1 percentage point negative impact from the deconsolidation of Vodafone Netherlands and a 0.6 percentage point negative impact from foreign exchange movements. On an organic basis, adjusted EBITDA increased 13.0%*, supported by the benefit of the introduction of handset financing in the UK, regulatory settlements in the UK and a legal settlement in Germany. Excluding these items, as well as the net impact of roaming, adjusted EBITDA grew by 7.9*, reflecting operating leverage and tight cost control through our “Fit for Growth” programme.


Adjusted EBIT increased by 86.3%*, reflecting strong adjusted EBITDA growth and stable depreciation and amortisation expenses.
## Table

| Year ended December 31, |  |  |  |
|---|---|---|---|
| (dollars in millions) | 2019 | 2018 | 2017 |
| Entertainment and Communications |  |  |  |
| Products and services transferred at a point in time | $31.7 | $25.3 | $20.6 |
| Products and services transferred over time | 942.4 | 805.8 | 664.3 |
| Intersegment revenue | 21.6 | 22.3 | 21.2 |
| Total Entertainment and Communications | 995.7 | 853.4 | 706.1 |
| IT Services and Hardware |  |  |  |
| Products and services transferred at a point in time | 138.7 | 142.9 | 80.8 |
| Products and services transferred over time | 423.9 | 404.2 | 300.0 |
| Intersegment revenue | 4.8 | 3.8 | 4.3 |
| Total IT Services and Hardware | 567.4 | 550.9 | 385.1 |
| Total Revenue |  |  |  |
| Total products and services transferred at a point in time | 170.4 | 168.2 | 101.4 |
| Total products and services transferred over time | 1,366.3 | 1210.0 | 964.3 |
| Total revenue | $1,536.7 | $1,378.2 | $1,065.7 |



## Text

In the first quarter of 2019, the Company determined that certain revenue in the IT Services and Hardware segment associated with nonrecurring projects is better aligned with Infrastructure Solutions, rather than Consulting, where it was previously reported.  As a result, the Company reclassed revenue of $26.6 million and $12.3 million from Consulting to Infrastructure Solutions for the twelve months ended December 31, 2018 and 2017, respectively.  This reclassification of revenue had no impact on the Consolidated Statements of Operations


The following table presents revenues disaggregated by contract type
## Table

| USDm | 2019 | 2018 | 2017 |
|---|---|---|---|
| Total staff costs |  |  |  |
| Staff costs included in operating expenses | 8.1 | 9.3 | 9.2 |
| Staff costs included in administrative expenses | 37.7 | 36.9 | 34.6 |
| Total | 45.8 | 46.2 | 43.8 |
| Staff costs comprise the following |  |  |  |
| Wages and salaries | 37.2 | 38.1 | 36.4 |
| Share-based compensation | 1.9 | 2.1 | 1.9 |
| Pension costs | 3.5 | 3.3 | 3.1 |
| Other social security costs | 0.9 | 0.6 | 0.3 |
| Other staff costs | 2.3 | 2.1 | 2.1 |
| Total | 45.8 | 46.2 | 43.8 |
| Average number of permanent employees |  |  |  |
| Seafarers | 107.6 | 111.7 | 130.6 |
| Land-based | 313.5 | 302.2 | 286.6 |
| Total | 421.1 | 413.9 | 417.2 |



## Text

NOTE 3 – STAFF COSTS


Employee information


The majority of the staff on vessels are not employed by TORM. Staff costs included in operating expenses relate to the 108 seafarers (2018: 112, 2017: 131).


The average number of employees is calculated as a full-time equivalent (FTE).


The Executive Director is, in the event of termination by the Company, entitled to a severance payment of up to 12 months' salary.