Question: How is basic net income per share calculated?

Basic net income per share is computed by dividing net income attributable to common stock by the weighted-average number of shares of common stock outstanding during the period.

A recent example of this was the September 2023 premier of the television series, Power Rangers Cosmic Fury season 30, released on the Netflix streaming platform.

Under Part I, Item 3 (Legal Proceedings) of the Annual Report on Form 10-K, the relevant information is found in Note 11—Commitments and Contingencies in the Consolidated Financial Statements.

As of December 31, 2022, the total gross unrealized losses for available-for-sale securities were $114,128 and the total fair value was $1,357,615.

Inventories, consisting of products available for sale, are primarily accounted for using the first-in first-out method.

At the end of fiscal 2022, a total of 315 of our stores, or 13.6% of our total store count, were located in Canada and Mexico.

Total current liabilities were listed as $81,814 million in the financial details provided.

Marina Bay Sands is an iconic, architecturally significant Integrated Resort with meaningful scale and visitation. Due to its distinctive design, multitude of amenities and customer experiences shared on social media, and a prominent position as part of the Singapore skyline, Marina Bay Sands is recognized throughout Asia and globally.


Question: Does the company believe it has sufficient funds to meet its working capital needs and repay its debts in the coming year?

The company believes that the funds available, including cash expected to be generated from operations, funds from a commercial paper program, or lines of credit, are adequate to meet its working capital needs for the year, including the repayment of a $500 million debt.

The Starbucks Experience is built on superior customer service, convenience, digital integration, and well-maintained stores that resonate with local communities, fostering high customer loyalty.

In 2006, AT&T acquired ILEC BellSouth Corporation.

The company recorded net earnings of $3,263 million and $1.1 billion of net income tax benefits related to discrete items in the provision for taxes for fiscal year 2023.

Cash, cash equivalents and marketable securities totaled $1,390.6 million as of January 28, 2023.

Intuit has fostered diversity, equity, and inclusion by appointing a Chief Diversity, Equity & Inclusion Officer since 2015, setting goals for increasing diversity in the workforce, establishing a Center of Excellence, hosting Employee Resource Groups, including DEI-related questions in surveys, and creating a Racial Equity Advancement Leadership team.

FedEx Corporation was incorporated in Delaware on October 2, 1997 to serve as the parent holding company and provide strategic direction to the FedEx portfolio of companies.


Question: What section of the Annual Report on Form 10-K discusses the company's material pending legal proceedings?

For a description of our material pending legal proceedings, see Legal Matters in Array 10 of the Notes to Consolidated Financial Statements included in Part II, Item 8 of this Annual Report on...

During 2023, AMC served as the theatrical distributor for two theatrical releases: TAYLOR SWIFT | THE ERAS TOUR and RENAISSANCE: A FILM BY BEYONCÉ.

Our effective tax rate in the future will depend upon the proportion between the following items and income before provision for income taxes: U.S. tax benefits from foreign-derived intangible income, tax effects from share-based compensation, research tax credit, tax effects from capital losses not expected to be utilized, restructurings, settlement of tax contingency items, tax effects of changes in our business, and the effects of changes in tax law.

In July 2022, Peloton announced a strategic change in its manufacturing process, moving from in-house production to exclusively using third-party manufacturing partners for 100% of its products.

Senior Floating Rate Notes due 2020 matured on April 17, 2020. The 4.00% Senior Notes due 2025 mature on May 15, 2025, and the 4.20% Senior Notes due 2028 mature on May 15, 2028, as per the offerings made on April 19, 2018.

Statutory federal income tax expense at 21% was $107 million for the year ended December 30, 2023, $252 million for the year ended December 31, 2022, and $772 million for the year ended December 25, 2021.

The company is not currently a party to any legal proceeding that management believes will have a material adverse effect on our consolidated financial position or our results of operations.

IBM's 2023 Annual Report to Stockholders includes their financial statements and supplementary data, which span from pages 44 to 121 and are incorporated by reference in the Form 10-K. Additionally, the financial statement schedule can be found on page S-1 of the same Form 10-K.


Question: What is the revenue recognition method for Marketplace Sales at Chipotle?

With respect to Marketplace Sales, we generally recognize revenue, excluding delivery fees collected by the delivery partner, when control of the food is transferred to the delivery partner.

In December 2022, the European Commission published new legislative proposals on clearing services amending EMIR and provisions in the framework. The European Commission aims to encourage clearing in the EU and reduce exposure to non-EU CCPs through adding an operational account requirement, which could require EU-based firms to clear a proportion of their derivatives business at an EU CCP.

In 2023, Comcast restructured the presentation of its operating results around two primary business segments: Connectivity & Platforms and Content & Experiences. Connectivity & Platforms comprises two sub-segments, Residential Connectivity & Platforms and Business Services Connectivity, and Content & Experiences includes Media, Studios, and Theme Parks.

Letairis (ambrisentan) is an oral formulation of an endothelin receptor antagonist for the treatment of pulmonary arterial hypertension (PAH) (WHO Group I) to improve exercise capacity and delay clinical worsening or in combination with tadalafil to reduce the risks of disease progression and hospitalization for worsening PAH, and to improve exercise ability.

'Item 15. Exhibits and Financial Statement Schedules' includes the Exhibits and Financial Statement Schedules as specified in the report.

Adjusted EBITDA excludes both interest expense, net and the provision (benefit) for income taxes. These expenses are associated with our capitalization and tax structures, which we do not consider when evaluating the operating profitability of our core operations. Adjusted EBITDA does not include depreciation and amortization expenses, in order to eliminate the impact of capital investments.

Item 8 is titled Financial Statements and Supplementary Data in the financial document.

The holding amounts of fixed-to-floating interest rate swaps, including the cumulative adjustments for fair value hedging, were specifically quantified as $1,060 million on October 1, 2023, with a hedging adjustment of $(40.0) million, and as $1,047.7 million on October 2, 2022, with a hedging adjustment of $(52.3) million.


Question: What is Chubb's exposure to molestation claims primarily arising from?

Chubb's exposure to molestation claims principally arises out of liabilities acquired when it purchased CIGNA's P&C business in 1999 and Chubb Corp in 2016.

Bermuda domiciled subsidiaries must prepare and file with the BMA, audited annual statutory financial statements and audited annual financial statements prepared in accordance with accounting principles generally accepted in the U.S. (U.S. GAAP), International Financial Reporting Standards (IFRS), or any such other generally accepted accounting principles as the BMA may recognize. The U.S. GAAP audited financial statements are made public by the BMA.

Insurance/Self-insurance Liabilities Claims for employee health-care benefits, workers’ compensation, general liability, property damage, directors’ and officers’ liability, vehicle liability, inventory loss, and other exposures are funded predominantly through self-insurance. Insurance coverage is maintained for certain risks to seek to limit exposures arising from very large losses. We use various risk management mechanisms, including a  wholly-owned captive insurance subsidiary, and participate in a reinsurance program.

Our impairment analysis encompasses an assessment of both qualitative and quantitative analyses of key factors including the investee's financial metrics, market acceptance of the product or technology, and the rate at which the investee is using its cash.

Our 2022 EPS-diluted also benefited from lower weighted-average shares outstanding as a result of share repurchases pursuant to our Board-approved repurchase programs.

The consolidated financial statements and accompanying notes listed in Part IV, Item 15(a)(1) of the Annual Report on Form 10-K are included immediately following Part IV and incorporated by reference.

Stored value cards and loyalty program at October 2, 2022 showed a balance of approximately $1.503 billion.

Total intrinsic value of options exercised in millions was $41 in 2021, $28 in 2022, and $25 in 2023.


Question: What was the total revenue for the year 2023?

The total revenue for 2023 was reported as $371,620 million.

Item 8 is designated for Financial Statements and Supplementary Data in financial documentation.

The company recorded net earnings of $3,263 million and $1.1 billion of net income tax benefits related to discrete items in the provision for taxes for fiscal year 2023.

Total company-operated stores | 711 | | 655

In Printing, our long-term strategic focus is on offering innovative printing solutions and contractual solutions to serve consumers, SMBs and large enterprises through our Instant Ink Services, HP+ and Managed Print Services solutions; providing digital printing solutions for industrial graphics segments and applications including commercial publishing, labels, packaging, and textiles; and expanding our footprint in 3D printing across digital manufacturing and strategic applications.

The Company uses a variety of techniques designed to help encourage appropriate utilization of medical services ("utilization") and maintain affordability of quality coverage. These techniques include creating risk sharing arrangements that align economic incentives with providers, the development and implementation of guidelines for the appropriate utilization and the provision of data to providers to enable them to improve health care quality.

The worldwide effective income tax rate from continuing operations was 11.5% in 2023.

As of January 28, 2024, we have invested a total of $44.8 million(1) towards this goal.


Question: What was the percentage decrease in rental costs for the U.S. markets from 2022 to 2023?

The rental costs for the U.S. markets decreased by 2.3% from 2022 to 2023, with values changing from $666.5 to $651.5.

As a large BHC, JPMorgan Chase is subject to supervisory stress testing under the Federal Reserve's annual Comprehensive Capital Analysis and Review (CCAR) framework, requiring the conduct of annual company-run stress tests, submission of an annual capital plan, and filing an annual CCAR submission on April 5, 2024.

The program allows paid members to earn points on purchases that can be redeemed for rewards including discounts or coupons. When loyalty program members purchase a product, the transaction price is allocated between the product and loyalty points earned based on relative stand-alone selling prices and expected point redemption. The portion allocated to loyalty points is recorded as deferred revenue and recognized as revenue upon redemption or expiration. Estimates such as the retail price per point and breakage are used to record the deferred revenue for loyalty points.

Professional services and other revenues increased by $496 million from fiscal year 2022 to 2023.

On October 30, 2022, the fair value measurement of cash equivalents at the reporting date using Level 1 was $19 million.

Forward-looking statements may appear throughout this report, including the following sections: “Business” (Part I, Item 1 of this Form 10-K), “Risk Factors” (Part I, Item 1A of this Form 10-K), and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” (Part II, Item 7 of this Form 10-K).

These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions.

Lending-related fees generally represent transactional fees earned from certain loan commitments, financial guarantees and SBLCs.


Question: What are the capital categories established under FDICIA for FDIC-insured banks?

FDICIA establishes five capital categories for FDIC-insured banks, such as GS Bank USA: well-capitalized, adequately capitalized, undercapitalized, significantly undercapitalized and critically undercapitalized.

The 'Glossary of Terms and Acronyms' is included on pages 315-321.

•an increase in costs related to our operating channels of $319.1 million, comprised of: –an increase in employee costs of $145.1 million primarily due to increased salaries and wages expense, incentive compensation, and benefit costs for retail employees, primarily from the growth in our business and increased wage rates; –an increase in other operating costs of $67.7 million primarily due to increased depreciation costs, technology costs, and repairs and maintenance costs;  –an increase in variable costs of $66.8 million primarily due to increased credit card fees, distribution costs, and packaging cost...

In 2023, a total of 898 theatres were operated. The average number of screens per theatre was calculated to be 11.1.

In international markets, Starbucks invests in technology and partnerships to boost digital adoption, providing more convenience and enhancing the customer experience.

Palantir Cloud subscriptions grant customers the right to access the software functionality in a hosted environment controlled by Palantir and are also sold together with stand-ready O&M services. Revenue associated with Palantir Cloud subscriptions is generally recognized over the contract term on a ratable basis, which is consistent with the transfer of control of the Palantir Cloud services to the customer.

At Hasbro Pulse our fans can find product offerings and experiences from our popular brands as well as access to views of behind-the-scenes material and insider details. In addition, Hasbro Pulse offers consumers access to product related livestreams such as fan oriented virtual conventions and product and merchandise reveals, as well as the opportunity to participate in HasLab, the Hasbro crowdfunding platform which brings limited-edition collectibles into the hands of fans.


Question: What were the key reasons for the decrease in apparel revenues in Greater China from fiscal 2022 to fiscal 2023?

Apparel revenues decreased 14% on a currency-neutral basis, primarily due to lower revenues in Men's and Women's. Unit sales of apparel decreased 8%.

Adjusted EBITDA excludes both interest expense, net and the provision (benefit) for income taxes. These expenses are associated with our capitalization and tax structures, which we do not consider when evaluating the operating profitability of our core operations. Adjusted EBITDA does not include depreciation and amortization expenses, in order to eliminate the impact of capital investments.

During 2023, Comcast's Theme Parks segment saw an increase in revenue, largely from gains at international and Hollywood parks, though partially offset by a decline at the Orlando park. The Adjusted EBITDA rose as well, despite higher operational costs driven by more guests.

Interest expense, net decreased $53.6 million in fiscal 2022 compared to the prior year, resulting from the refinancing of our debt in the fourth quarter of 2021, which resulted in prepayment penalties of $43.8 million and the acceleration of the expensing of $2.7 million of amortizable non-cash deferred financing costs. Higher interest income on investments more than offset interest expense on credit facility borrowings in the current year.

Adjusted EBITDA is defined as excluding capital expenditures, changes in or cash requirements for working capital needs, significant interest expenses, income tax payments, and any cash requirements for the assets being depreciated and amortized.

The pre-tax restructuring charge of approximately $0.5 billion in the fiscal year 2023, of which $449 million was recorded in Restructuring and $30 million was recorded in Cost of products sold on the Consolidated Statement of Earnings, included the termination of partnered and non-partnered program costs and asset impairments.

At Hasbro Pulse our fans can find product offerings and experiences from our popular brands as well as access to views of behind-the-scenes material and insider details. In addition, Hasbro Pulse offers consumers access to product related livestreams such as fan oriented virtual conventions and product and merchandise reveals, as well as the opportunity to participate in HasLab, the Hasbro crowdfunding platform which brings limited-edition collectibles into the hands of fans.

Intelligent Edge earnings from operations as a percentage of net revenue increased 12.4 percentage points primarily due to decreases in cost of products and services as a percentage of net revenue and operating expenses as a percentage of net revenue.


Question: What is Costco's policy on inventories?

We often sell inventory before we are required to pay for it, even while taking advantage of early payment discounts.

In 2023, Comcast restructured the presentation of its operating results around two primary business segments: Connectivity & Platforms and Content & Experiences. Connectivity & Platforms comprises two sub-segments, Residential Connectivity & Platforms and Business Services Connectivity, and Content & Experiences includes Media, Studios, and Theme Parks.

Forward-looking statements may appear throughout this report, including the following sections: “Business” (Part I, Item 1 of this Form 10-K), “Risk Factors” (Part I, Item 1A of this Form 10-K), and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” (Part II, Item 7 of this Form 10-K).

We also refer to a number of financial measures that are not defined under accounting principles generally accepted in the United States of America (U.S. GAAP), consisting of organic sales growth, core earnings per share (Core EPS), adjusted free cash flow and adjusted free cash flow productivity. Organic sales growth is net sales growth excluding the impacts of acquisitions and divestitures and foreign exchange from year-over-year comparisons. Core EPS is diluted EPS excluding certain items that are not judged by management to be part of the Company's sustainable results or trends. Adjusted free cash flow is operating cash flow less capital spending and excluding payments for the transitional tax resulting from the U.S. Tax Act. Adjusted free cash flow productivity is the ratio of adjusted free cash flow to net earnings excluding certain one-time items.

In international markets, Starbucks invests in technology and partnerships to boost digital adoption, providing more convenience and enhancing the customer experience.

Our primary marketplace, Etsy.com, and we own other marketplaces including Reverb and Depop. Reverb is a musical instrument marketplace, and Depop is a fashion resale marketplace.

Item 3—Legal Proceedings See discussion of Legal Proceedings in Note 10 to the consolidated financial statements included in Item 8 of this Report.

The risk-free interest rate used in the Black-Scholes model for SOSARs granted in 2023 was 4.1%.


Question: How does Intuit support entrepreneurs according to the document?

For entrepreneurs, Intuit focuses on customer acquisition, payment facilitation, and financial management, aiming to streamline these processes to foster business growth.

In October 2023, the FCC proposed to reclassify broadband internet access services as a "telecommunications service," which would authorize the FCC to subject our broadband services to traditional common carriage regulation under Title II of the Communications Act.

in 2022 compared to $7.11 in 2021, an increase of $0.85, or 12.0%.

If hotel owners do not participate in the company's insurance programs, they must purchase insurance programs that are consistent with the company's requirements.

Apparel revenues decreased 14% on a currency-neutral basis, primarily due to lower revenues in Men's and Women's. Unit sales of apparel decreased 8%.

We currently believe that any liability that may arise as a result of other pending legal actions will not have a material effect on our consolidated financial condition or results of operations.

For the year ended December 31, 2023, the net cash provided by operating activities was $13,426 million.

At December 31, 2023, we provided health insurance coverage under CMS contracts to approximately 5,408,900 individual Medicare Advantage members, including approximately 851,300 members in Florida. These Florida contracts accounted for premiums revenue of approximately $14.9 billion, which represented approximately 19% of our individual Medicare Advantage premiums revenue.


Question: What are some of the components of Bank of America's Financial Contingency and Recovery Plan?

These contingency plans include our Financial Contession and Recovery Plan, which provides monitoring, escalation, actions and routines designed to enable us to increase capital and/or liquidity, access funding sources and reduce risk through consideration of potential options that include asset sales, business sales, capital or debt issuances, and other risk reducing strategies at various levels of capital or liquidity depletion during a period of stress.

In 2022, there was a net increase in cash and cash equivalents of $2,300 million.

For a description of our material pending legal proceedings, see Legal Matters in Array 10 of the Notes to Consolidated Financial Statements included in Part II, Item 8 of this Annual Report on...

Insurance Medical Membership at December 31, 2020 for Florida includes Individual Medicare Advantage (851.3 thousand), Group Medicare Advantage (9.1 thousand), Medicare stand-alone PDP (131.9 thousand), Medicare Supplement (17.5 thousand), State-based contracts and Other (656.6 thousand), Fully-insured commercial Group (73.8 thousand), ASO (24.5 thousand), totaling 1,764.7 thousand members.

The PowerUp Rewards membership totals include 5.6 million paying pro members.

As of September 30, 2023, the Company had approximately 161,000 full-time equivalent employees.

one of the largest railroad systems in North America. BNSF Railway had approximately 37,000 employees at the end of 2023, of whom approximately 32,000 were members of a labor union.

Palantir Cloud subscriptions grant customers the right to access the software functionality in a hosted environment controlled by Palantir and are also sold together with stand-ready O&M services. Revenue associated with Palantir Cloud subscriptions is generally recognized over the contract term on a ratable basis, which is consistent with the transfer of control of the Palantir Cloud services to the customer.


Question: What percentage of the Pharmacy & Consumer Wellness segment's revenues did the pharmacy category constitute in 2023?

Pharmacy revenues, including LTC sales and sales in pharmacies within Target and other retail stores, constituted 78.9% of the Pharmacy & Consumer Wellness segment's revenues in 2023.

Statements regarding future economic performance and management’s plans and objectives in the report constitute forward-looking statements.

Net Sales Mix: North America | 61% | International | 23% | AWS | 16% | Consolidated | 100%

On May 5, 2022, the Court consolidated the Hialeah and Deulina Actions and appointed Robeco Capital Growth Funds SICAV – Robeco Global Consumer Trends as lead plaintiff. Lead plaintiff filed its amended complaint on June 25, 2022, purportedly on behalf of a class of individuals who purchased or otherwise acquired the Company’s common stock between February 5, 2021 and January 19, 2022 against the Company and certain of its current and former officers, alleging that the defendants made false and/or misleading statements about demand for the Company’s products and the reasons for the Company’s inventory growth, and engaged in improper trading in violation of Sections 10(b) and 20A of the Exchange Act.

Caterpillar Insurance Co. Ltd. is registered as a Class 2 (General Business) and Class B (Long-Term) insurer with the Bermuda Monetary Authority.

A stronger U.S. dollar negatively impacted net sales by $339 million in fiscal 2022.

Proceeds from issuance of long-term debt in 2023 amounted to $872.9 million.

SM&A expenses were $2,436.5 million in 2023, showing a 9% increase from $2,236.0 million in 2022, primarily driven by increased corporate expenses including a 12.2% rise in advertising expenses in North America.


Question: What rule did the EPA promulgate in 2021 regarding GHG standards for light and medium-duty passenger cars and trucks?

For light- and medium-duty passenger cars and light trucks, EPA promulgated a rule in 2021 establishing GHG standards applicable from model years 2023 through 2026. This rule reversed a rollback of GHG standards that EPA had previously promulgated in 2020.

The income tax provision was $74.2 million in the year ended December 31, 2023, as compared to $54.7 million in the same period in 2022.

We believe it is important to separately quantify the profit impact of five significant items in order for our results to be meaningful to our readers. These items consist of (i) restructuring costs related to the divestiture of the company's Longwall business, (ii) other restructuring costs, (iii) pension and OPEB mark-to-market gains/losses resulting from plan remeasurements, (iv) certain deferred tax valuation allowance adjustments and (v) goodwill impairment in 2022.

The Firmwide Capital Committee, co-chaired by the head of Credit Risk and a co-head of the Global Financing Group, provides approval and oversight of debt-related transactions, including principal commitments of our capital, aiming to ensure that business, reputational, and suitability standards for underwritings and capital commitments are maintained on a global basis.

Under the expected present value technique, increasing the profit element and risk premium input by 100 basis points would result in a $1.2 million increase to the liability. Decreasing the profit element and risk premium by 100 basis points would result in a $1.2 million reduction of the liability.

Effective July 1, 2023, the Life Insurance segment includes 100 percent of the results of Huatai Group's life and asset management business as required under consolidation accounting.

We continue to monitor external factors like supply chain disruptions and work to minimize these challenges to meet customer demand, while assessing the environment for any additional actions needed.

Specific details regarding a company's legal proceedings are mentioned in Note 12 to the Consolidated Financial Statements.


Question: What is the total net revenue by year and the components from revenue recognized at a point in time and over time for fiscal years 2021, 2022, and 2023?

Information about our total net revenue by timing of recognition for the fiscal years ended March 31, 2023, 2022 and 2021 is presented below (in millions):  | Year Ended March 31,  | 2023 | | 2022 | | 2021 \nNet revenue by timing of recognition | | | | |  \nRevenue recognized at a point in time | $ | 2,389 | | | $ | 2,326 | | $ | 2,006 \nRevenue recognized over time | 5,037 | | | 4,665 | | | 3,623 \nNet revenue | $ | 7,426 | | | $ | 6,991 | | $ | 5,629

In international markets, Starbucks invests in technology and partnerships to boost digital adoption, providing more convenience and enhancing the customer experience.

Our cybersecurity leaders hold memberships and/or positions within the Financial Services Information Sharing and Analysis Center, or FS-ISAC, and the cross-sector Analysis and Resiliency Center, or ARC, in the U.S., the Financial Sector Cyber Collaboration Centre, or FSCCC, in the U.K., and similar organizations across the Europe, Middle East and Africa, or EMEA, and Asia Pacific, or APAC, regions.

Apparel revenues decreased 14% on a currency-neutral basis, primarily due to lower revenues in Men's and Women's. Unit sales of apparel decreased 8%.

Amazon Prime, a membership program, offers fast, free shipping on tens of millions of items, access to award-winning movies and series, and other benefits.

In December 2021, the OECD issued Pillar Two model rules which would establish a global per-country minimum tax of 15%, and the European Union has approved a directive requiring member states to incorporate similar provisions into their respective domestic laws. The directive requires the rules to initially become effective for fiscal years starting on or after December 31, 2023.

The following table presents earnings per share for fiscal 2023: Class A common stock had basic earnings per share of $8.29.

The auditing of Broadcom Inc.'s internal control over financial reporting as of October 29, 2023, was based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).


Question: How are voluntary and involuntary cancellations different according to the provided information?

Voluntary cancellations generally become effective at the end of the prepaid membership period. Involuntary cancellations, as a result of a failed method of payment, become effective immediately.

FedEx Corporation was incorporated in Delaware on October 2, 1997 to serve as the parent holding company and provide strategic direction to the FedEx portfolio of companies.

Under Item 8 Financial Statements and Supplementary Data is discussed which includes a variety of financial reporting.

Critical assumptions that are used as part of a quantitative Family Dollar goodwill evaluation include: •The potential future revenue, EBITDA and cash flows of the reporting unit. The projections use management’s assumptions about economic and market conditions over the projected period.

Consumer segment operating income increased $224 million, or 9%, in fiscal 2023 compared with fiscal 2022, primarily due to the increase in revenue described above and lower marketing expenses.

Interest expense, net decreased $53.6 million in fiscal 2022 compared to the prior year, resulting from the refinancing of our debt in the fourth quarter of 2021, which resulted in prepayment penalties of $43.8 million and the acceleration of the expensing of $2.7 million of amortizable non-cash deferred financing costs. Higher interest income on investments more than offset interest expense on credit facility borrowings in the current year.

Long-term investments, other than investments made through the Company’s Impact Investment Fund, with original maturities of greater than twelve months but less than 37 months, are classified as available-for-sale and are reported at fair value using the specific identification method. Unrealized gains and losses are primarily excluded from earnings and reported as a component of other comprehensive income (loss), net of related tax (expense) benefit.

At December 31, 2023, we provided health insurance coverage under CMS contracts to approximately 5,408,900 individual Medicare Advantage members, including approximately 851,300 members in Florida. These Florida contracts accounted for premiums revenue of approximately $14.9 billion, which represented approximately 19% of our individual Medicare Advantage premiums revenue.


Question: What is the title of the section that includes a discussion on the management's analysis of financial condition and results of operations?

Item 7 covers Management’s Discussion and Analysis of Financial Condition and Results of Operations.

We own a trademark portfolio with protections in 170 countries in which we currently operate for our primary brands — AIRBNB and our Bélo logo. Additionally, we own trademark protections around the world for other brands or protectable brand elements important to our business, including but  not limited to Rausch, our primary corporate color, localizations, translations, and transliterations of our primary brands, and brands associated with businesses we have acquired. We have registered domain names that we use in or relate to our business, such as the airbnb.com domain name and country code top level domain name equivalents.

Total revenue decreased from $3,582.1 million in fiscal year 2022 to $2,800.2 million in fiscal year 2023, marking a 21.8% reduction.

The total payments volume growth rate for Visa Inc. changed by 9% between 2021 and 2022.

Exposures are aggregated, monitored, and actively managed by our Global Credit Committee, comprising senior executives, including our Chief Financial Officer, our Chief Risk ejectedf Officer, our Chief Investment Officer, and our Treasurer.

In assessing disability insurance claims, economic factors including GDP growth, employment trends, and disposable income figures are evaluated as part of the process to estimate liabilities for benefit claims.

In 2023, the constant currency revenue for the United States was reported as $146,286 million.

We expect organic service revenue growth in 2024 to benefit from our new and existing digital offerings and ALM, as well as our traditional services.


Question: What was the total operating cost for 2023?

The total operating cost reported for 2023 was $339,264 million.

Infrastructure software's operating income rose by $420 million from $5,219 million in fiscal year 2022 to $5,639 million in fiscal year 2023.

HPE has deployed an edge-to-cloud strategy that capitalizes on emergent megatrends and delivers a data-first modernization approach for customers. HPE has evolved to a platform-based model, fueled by a portfolio richer in software and services.

The company defines a 'Connected Fitness Subscription' as a person, household, or commercial property, such as a hotel or residential building, who has either paid for a subscription to a Connected Fitness Product (a Connected Fitness Subscription with a successful credit card billing or with prepaid  subscription credits or waivers) or has paused their subscription for up to three months.

Our high performance Ethernet transceivers are built upon a proprietary digital signal processing communication architecture optimized for high-speed network connections and support the latest standards and advanced features, such as energy efficient Ethernet, data encryption and time synchronization.

Revenue grew by 7.1% in 2023 compared to 2022.

The net realized and unrealized gains on level 3 derivatives of $2.66 billion for 2022 included gains of $2.65 billion reported in market making and $3 million reported in other principal transactions.

Caterpillar Insurance Co. Ltd. is registered as a Class 2 (General Business) and Class B (Long-Term) insurer with the Bermuda Monetary Authority.


Question: How is revenue from Palantir Cloud subscriptions recognized over the term of the contract?

Palantir Cloud subscriptions grant customers the right to access the software functionality in a hosted environment controlled by Palantir and are also sold together with stand-ready O&M services. Revenue associated with Palantir Cloud subscriptions is generally recognized over the contract term on a ratable basis, which is consistent with the transfer of control of the Palantir Cloud services to the customer.

Berkshire’s operating businesses are managed on an unusually decentralized basis. There are few centralized or integrated business functions. Berkshire’s senior management team participates in and is ultimately responsible for significant capital allocation decisions, investment activities and the selection of the Chief Executive to head each of the operating businesses.

The audit report on the Consolidated Financial Statements is dated February 16, 2024, and was conducted by PricewaterhouseCoopers LLP.

Mergers and acquisitions, joint ventures and strategic investments complement our internal development and enhance our partnerships to align with Visa’s priorities.

Cigna integration expenses of $69 million for 2023 principally comprised legal and professional fees and all other costs directly related to the integration activities of the Cigna acquisition.

Caterpillar Insurance Co. Ltd. is registered as a Class 2 (General Business) and Class B (Long-Term) insurer with the Bermuda Monetary Authority.

Item 3 of the Annual Report on Form 10-K guides the reader to Note 14 of the Notes to the Consolidated Financial Statements in Item 8 for information on legal proceedings.

Short-Term Investments Short-term investments generally consist of debt securities (U.S. Government and Agency Notes), with maturities at the date of purchase of three months to five years. Investments with maturities beyond five years may be classified, based on the Company’s determination, as short-term based on their highly liquid nature and because they represent the investment of cash that is available for current operations. Short-term investments classified as available-for-sale are recorded at fair value using the specific identification method with the unrealized gains and losses reflected in accumulated other comprehensive income (loss) until realized. Realized gains and losses from the sale of available-for-sale securities, if any, are determined on a specific identification basis and are recorded in interest income and other, net in the consolidated statements of income.


Question: What type of information does Item 15(a) contain in the Annual Report?

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA. The information required by this item is included in Item 15(a) of this Annual Report.

The year-over-year decrease of $19.9 billion in net income/(loss) in 2022 includes the effect of special items, including the mark-to-market net loss on our Rivian investment and the impairment on our Argo investment.

As discussed in the report, Comcast modified the presentation of its segment operating results in 2023 to reflect a new segment structure.

The audited components of Salesforce, Inc.'s financial statements as of January 31, 2023, and for the three years ending on that date, included the consolidated balance sheets, the related consolidated statements of operations, comprehensive income, stockholders' equity, and cash flows.

Berkshire’s operating businesses are managed on an unusually decentralized basis. There are few centralized or integrated business functions. Berkshire’s senior management team participates in and is ultimately responsible for significant capital allocation decisions, investment activities and the selection of the Chief Executive to head each of the operating businesses.

In fiscal year 2023, a 25 basis point change in the discount rate would affect HP's net periodic benefit cost by 5 million, in compensation levels by 1 million, and in expected long-term return on plan assets by 14 million.

Total company-operated stores | 711 | | 655


Question: How much did the cash equivalents and marketable securities total as of January 28, 2023?

Cash, cash equivalents and marketable securities totaled $1,390.6 million as of January 28, 2023.

We engaged third party experts to assist in the determination of the weighted-average cost of capital used to discount the cash flows for our Family Dollar reporting unit. The weighted-average cost of capital used to discount the cash flows for our evaluation was 9.5% for our fiscal 2022 analysis.

Item 8 of the financial document outlines Financial Statements and Supplementary Data.

For the years ended December 31, 2023 and 2022, the net unrealized gains (losses) for equity securities held at December 31, 2023 and 2022 were $(12) million and $(49) million, respectively.

Our committed revolving credit facility provides us with available borrowings in an amount up to $400.0 million.

In 2022 and 2023, U.S. dialysis experienced increases in clinical labor wage rates, which includes contract labor, of approximately 1.3% and 7.4%, respectively.

losses were primarily from the following events: •2023: Hurricane Idalia, and other severe weather-related events in the U.S.

As a large BHC, JPMorgan Chase is subject to supervisory stress testing under the Federal Reserve's annual Comprehensive Capital Analysis and Review (CCAR) framework, requiring the conduct of annual company-run stress tests, submission of an annual capital plan, and filing an annual CCAR submission on April 5, 2024.


Question: When did Shelley L. Reynolds begin serving as Vice President, Worldwide Controller and Principal Accounting Officer?

Ms. Reynolds has served as Vice President, Worldwide Controller, and Principal Accounting Officer since April 2007.

In 2023, admissions contributed $2,690.5 million to the total revenue.

Changes in circumstance that may trigger a goodwill impairment assessment for one of our business units can include, among others, changes in the legal environment, addressable market, business strategy, development or business plans, reimbursement structure or rates, operating performance, future prospects, relationships with partners, interest rates and/or market value indications for the subject business.

Voluntary cancellations generally become effective at the end of the prepaid membership period. Involuntary cancellations, as a result of a failed method of payment, become effective immediately.

Because the hours of operation are shorter than many other retailers, and due to other efficiencies inherent in a warehouse-type operation, labor costs are lower relative to the volume of sales. Merchandise is generally stored on racks above the sales floor and displayed on pallets containing large quantities, reducing labor required.

In contrast, contributions from COVID-19 vaccinations reached their highest quarterly volume during the fourth quarter of 2023. During the first quarter of 2022, the Company saw high volumes of administration of COVID-19 vaccinations, and during the fourth quarter, there was an increase in COVID-19 vaccine administration from the prior quarter related to the bivalent COVID-19 booster.

Information about our total net revenue by timing of recognition for the fiscal years ended March 31, 2023, 2022 and 2021 is presented below (in millions):  | Year Ended March 31,  | 2023 | | 2022 | | 2021 \nNet revenue by timing of recognition | | | | |  \nRevenue recognized at a point in time | $ | 2,389 | | | $ | 2,326 | | $ | 2,006 \nRevenue recognized over time | 5,037 | | | 4,665 | | | 3,623 \nNet revenue | $ | 7,426 | | | $ | 6,991 | | $ | 5,629

The SEC has defined a company’s critical accounting policies as the ones that are most important to the portrayal of a company’s financial condition and results of operations, and which require a company to make its most difficult and subjective judgments.


Question: How did the company's total assets change from 2022 to 2023?

At December 31, 2023, total assets were approximately $3.2 trillion, up $128.8 billion from December 31, 2022, primarily due to higher cash and cash equivalents.

On March 30, 2023, the CFPB adopted a final rule requiring covered financial institutions, such as us, to collect and report data to the CFPB regarding certain small business credit applications.

Our associates spend 7 years at our Company, which is a testament to our commitment to their growth, well-being, and our culture.

Definition and Limitations of Internal Control Over Financial Reporting: A company's internal control over financial reporting...includes those policies and procedures that: (1) pertain to the maintenance of records that...accurately and fairly reflect the transactions...; (2) provide reasonable assurance that transactions are recorded as necessary...; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets...

Principal repayments of finance leases in 2022 totaled $7,941 million.

Increasing reliance on and investment in information technology infrastructure, security measures, and privacy capabilities are essential for companies managing customer's financial information due to rising risks of fraud and data security.

We do not believe that such normal and routine litigation will have a material effect on our financial condition or results of operations.

The fair value hierarchy described includes three levels of inputs: Level 1 uses unadjusted quoted prices in active markets for identical assets or liabilities, Level 2 uses inputs that are directly or indirectly observable, and Level 3 involves unobservable inputs significant to the fair value determination supported by minimal market activity.


Question: How does Chubb respond to the risks associated with climate change?

Chubb mitigates exposure to climate change risk by ceding catastrophe risk in our insurance portfolio through both reinsurance and capital markets, and our investment portfolio through the diversification of risk, industry, location, type and duration of security.

GameStop generated $1.68 billion in aggregate gross proceeds from sales under the ATM Transactions during fiscal 2021.

Our quarterly cash dividend is currently $0.19 per share, subject to declaration by our Board of Directors or a designated Committee of the Board of Directors.

We believe AIP uniquely allows users to connect LLMs and other AI with their data and operations to facilitate decision-making within the legal, ethical, and security constraints that they require.

Cash provided by operating activities during 2023 mostly consisted of $39.10 billion net income adjusted for certain non-cash items, such as $14.03 billion of share-based compensation expense and $11.18 billion of depreciation and amortization expense, as well as $3.29 billion of favorable changes in working capital. The increase in cash flows from operating activities during 2023 compared to 2022 was mostly due to an increase in cash collection from our customers driven by the increase in revenue, and a decrease in payments to our vendors.

The revenue from Electronic Games' football franchise, which includes perennially successful offerings like FIFA Ultimate T 2023.

Excluding the items in the table below, adjusted profit per share for 2022 was $13.84 and for 2023 it was $21.21.

The decrease in gross margin for fiscal 2023 was primarily due to: Higher NIKE Brand product costs, on a wholesale equivalent basis, primarily due to higher input costs and elevated inbound freight and logistics costs as well as product mix; Lower margin in our NIKE Direct business, driven by higher promotional activity; Unfavorable changes in net foreign currency exchange rates; and Lower off-price margin.


Question: What page number does Item 8 start on in the document?

Item 8, titled 'Financial Statements and Supplementary Data', starts on page 39.

Total expenses increased, primarily driven by higher Card Member rewards expense and Card Member services expense.

25 basis decrease expected ROA leads to -$25 effect on 2024 Pension Expense.

In addition, Iron Mountain was named among Comparably's 2023 Best Companies for Women and Best Companies for Diversity.

For the years ended December 31, 2023 and 2022, the net unrealized gains (losses) for equity securities held at December 31, 2023 and 2022 were $(12) million and $(49) million, respectively.

In February 2023, we announced a 10% increase in our quarterly cash dividend to $2.09 per share.

The impairment charges for Depop and Elo7 were influenced by factors such as macroeconomic conditions including reopening and inflation, as well as management changes and revised projected cash flows affecting their fair values.

The description of legal proceedings in Item 3 of the report is not direct but instead provided by reference to the "Contingencies" section in Note 15 of the consolidated financial statements.


Question: How are IBM’s 2023 Annual Report to Stockholders' financial statements made a part of Form 10-K?

The Financial Statements and Supplementary Data from pages 44 through 121 of IBM’s 2023 Annual Report to Stockholders are incorporated by reference in the Form 10-K.

of approximately $1.0 billion in IBNR liabilities, producing a corresponding decrease in pre-tax earnings. We believe it is reasonably possible for these assumptions to increase at these rates.

See Note 14 to the consolidated financial statements in Item 8 of this Annual Report for a description of legal proceedings.

FCF is a non-GAAP measure that is defined as cash flow from operations, excluding the impact of proceeds received in the fourth quarter of fiscal 2021 from a one-time Itanium litigation judgment, less net capital expenditures (investments in PP&E less proceeds from the sale of PP&E), and adjusted for the effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash.

We consider operational risk to be the risk of loss due to, among other things, inadequate or failed processes, people or information systems, or impacts from the external environment, including failures to comply with laws and regulations as well as impacts from relationships with third parties.

In 2023, Bank of America delivered approximately 6.7 million hours of training and development to its teammates through Bank of America Academy.

Mr. Olsavsky has served as Senior Vice President and Chief Financial Officer since June 2015.

Our strategic intent is to have a portfolio of efficient, timely and reliable sources and methods of delivery to choose from, optimizing order fulfillment and delivery based on customer needs, inventory locations and available transportation options.


Question: What do FX and FX-Neutral mean in financial terms?

FX-Neutral is defined as GMV minus the exchange rate effect, providing a measure excluding the influences of foreign currency movements. This is a non-GAAP financial measure used to assess performance without the volatility of FX rates.

Seasonality in the hospitality industry is affected by variations in demand at properties, which depend principally on their location, type of property, and the competitive mix within the specific location.

Furthermore, the outcome of these matters could materially adversely affect our business, results of operations, and financial condition.

In November 2023, the FDIC approved a final special assessment to recover losses incurred by the DIF to protect uninsured depositors due to the March 2023 closures of two banks. The pre-tax impact of the final rule was $172 million.

These contingency plans include our Financial Contession and Recovery Plan, which provides monitoring, escalation, actions and routines designed to enable us to increase capital and/or liquidity, access funding sources and reduce risk through consideration of potential options that include asset sales, business sales, capital or debt issuances, and other risk reducing strategies at various levels of capital or liquidity depletion during a period of stress.

Total company-operated stores | 711 | | 655

Total current liabilities were listed as $81,814 million in the financial details provided.

Servicing software revenues include integrated mortgage servicing solutions, which help automate all areas of the servicing process, from loan boarding to final payment or default. Our servicing solutions support first lien mortgages, home equity loans and lines of credit on a single platform to manage all servicing processes.


Question: What section of IBM's 2023 Annual Report to Stockholders contains the Financial Statements and Supplementary Data?

The Financial Statements and Supplementary Data are located on pages 44 through 121 of IBM’s 2023 Annual Report to Stockholders.

Interest income increased $769 million, or 259%, in the year ended December 31, 2023 as compared to the year ended December 31, 2022. This increase was primarily due to higher interest earned on our cash and cash equivalents and short-term investments in the year ended December 31, 2023 as compared to the prior year due to rising interest rates and our increasing portfolio balance.

Garmin has implemented multiple environmental management systems and achieved certification to the ISO 14001 standard for Environmental Management at facilities in the U.S., U.K., Taiwan, Poland, and China.

The description of legal proceedings in Item 3 of the report is not direct but instead provided by reference to the "Contingencies" section in Note 15 of the consolidated financial statements.

PricewaterhouseCoopers LLP, the firm's independent registered public accounting firm is mentioned with PCAOB ID 238.

The company is not currently a party to any legal proceeding that management believes will have a material adverse effect on our consolidated financial position or our results of operations.

During the year ended December 31, 2023, warrant holders exercised warrants to purchase 7.1 million shares of Class A common stock. The warrants were exercised on a cashless basis resulting in the issuance of 5.6 million shares of Class A common stock.

In Item 3 of a Form 10-K, information regarding legal proceedings is derived by reference from Note 16 in the Notes to the Consolidated Financial Statements.


Question: What are some of the critical accounting policies that affect financial statements?

Critical accounting policies and estimates that impact financial statements include Revenue Recognition, Business Combinations, Goodwill, and Accounting for Income Taxes, requiring judgments and estimates in financial reporting.

We are subject to various U.S. federal and state laws pertaining to health care 'fraud and abuse,' including anti-kickback laws and false claim laws.

The company uses a variety of ingredients in their products, including high fructose corn syrup, sucrose, aspartame, and other sweeteners, as well as ascorbic acid, citric acid, phosphoric acid, caffeine, and caramel color; they also use orange and other fruit juice concentrates, and water is a main ingredient in substantially all products.

Under the contractual arrangements, approximately 70% of our jet fuel is purchased based on the index price for the preceding week, with the remainder of our purchases tied primarily to the index price for the preceding month and preceding day, rather than based on daily spot rates.

Privately held debt and equity securities are valued using significant unobservable inputs or data in an inactive market and the valuation requires our judgment due to the absence of market prices and inherent lack of liquidity. In determining the estimated fair value for these investments, we utilize the most recent data available and apply valuation methods, including the market approach and option pricing models (OPM), adjusted to reflect the specific rights and preferences of the classes of securities we hold.

Apparel revenues decreased 14% on a currency-neutral basis, primarily due to lower revenues in Men's and Women's. Unit sales of apparel decreased 8%.

The total intrinsic value of options exercised was $35,474, $40,882 and $38,645 in 2023, 2022 and 2021, respectively.

The lawsuit alleges that CS&Co violated their duty to seek best execution in their routing of orders to UBS Securities LLC from July 13, 2011, to December 31, 2014.


Question: What were Intuit's interest payments on the term loan during the fiscal years ending July 31, 2023 and July 31, 2022, respectively?

We paid $230 million and $42 million of interest on the term loan during the twelve months ended July 31, 2023 and July 31, 2022, respectively.

Amazon Prime, a membership program, offers fast, free shipping on tens of millions of items, access to award-winning movies and series, and other benefits.

The 'Glossary of Terms and Acronyms' is included on pages 315-321.

In 2023, Comcast restructured the presentation of its operating results around two primary business segments: Connectivity & Platforms and Content & Experiences. Connectivity & Platforms comprises two sub-segments, Residential Connectivity & Platforms and Business Services Connectivity, and Content & Experiences includes Media, Studios, and Theme Parks.

Fiscal year 2020 consisted of the 52 weeks ended on January 30, 2021 ('fiscal 2020'). Fiscal year 2021 consisted of the 52 weeks ended on January 29, 2022 ('fiscal 2021') and fiscal year 2022 consisted of the 52 weeks ended on January 28, 2023 ('fiscal 2022').

Several methods are used to promote our products, including the use of dealer, retail and fleet incentives, such as customer rebates and finance rate support.

The income tax provision was $74.2 million in the year ended December 31, 2023, as compared to $54.7 million in the same period in 2022.

The objective of the Management's Discussion and Analysis of Financial Condition and Results of Operations is to provide an analysis of the company’s Financial Condition, Cash Flows and Results of Operations from management's perspective.


Question: What was the total cash consideration for Comcast's acquisition of Masergy in October 2021?

In October 2021, Comcast acquired Masergy, a provider of software-defined networking and cloud platforms for global enterprises, for a total cash consideration of $1.2 billion.

We disclose material non-public information through one or more of the following channels: our investor relations website (http://corporate.lululemon.com/investors), the social media channels identified on our investor relations website, press releases, SEC filings, public conference calls, and webcasts.

Comcast's operating income saw a significant increase, rising by 66.0% from 2022 to 2023.

In Printing, our long-term strategic focus is on offering innovative printing solutions and contractual solutions to serve consumers, SMBs and large enterprises through our Instant Ink Services, HP+ and Managed Print Services solutions; providing digital printing solutions for industrial graphics segments and applications including commercial publishing, labels, packaging, and textiles; and expanding our footprint in 3D printing across digital manufacturing and strategic applications.

Food and beverage costs for the company rose by 41.7% from $165.1 in 2022 to $233.9 in 2023.

Veklury product sales decreased by 44% to $2.2 billion in 2023, compared to 2022.

Net earnings to common totaled $952 million for the year ended December 2023 in Goldman Sachs' Asset & Wealth Management.

We engaged third party experts to assist in the determination of the weighted-average cost of capital used to discount the cash flows for our Family Dollar reporting unit. The weighted-average cost of capital used to discount the cash flows for our evaluation was 9.5% for our fiscal 2022 analysis.


Question: How much would the liability increase or decrease if the profit element and risk premium for warranty obligations are adjusted by 100 basis points according to the sensitivity analysis as of December 31, 2023?

Under the expected present value technique, increasing the profit element and risk premium input by 100 basis points would result in a $1.2 million increase to the liability. Decreasing the profit element and risk premium by 100 basis points would result in a $1.2 million reduction of the liability.

Starbucks' retail objective is to be the leader in coffee and tea in target markets, selling the finest quality products and providing a unique Starbucks Experience.

In 2022, we recorded a goodwill impairment charge for Vitacost.com totaling $160 million. The talent and capabilities gained through the merger with Vitacost in 2014 have been key to advancing Kroger’s digital platform and growing our digital business to more than $10 billion in annual sales. As our digital strategy has evolved, our primary focus looking forward will be to effectively utilize our Pickup and Delivery capabilities. This reprioritization resulted in reduced long-term profitability expectations and a decline in the market value for one underlying channel of business and led to the impairment charge. Vitacost.com will continue to operate as an online platform providing great value natural, organic, and eco-friendly products for customers.

Additionally, we are not involved in any environmental proceeding in which a governmental authority is a party, and such proceeding involves potential monetary sanctions that we reasonably believe will exceed an applied threshold of $1 million.

Adjusted EBITDA excludes both interest expense, net and the provision (benefit) for income taxes. These expenses are associated with our capitalization and tax structures, which we do not consider when evaluating the operating profitability of our core operations. Adjusted EBITDA does not include depreciation and amortization expenses, in order to eliminate the impact of capital investments.

Our effective tax rates could be affected by numerous factors, including changes in foreign exchange rates.

During the fourth quarter of 2023, the Company voluntarily changed its goodwill and indefinite-lived intangible asset annual impairment test date from September 30 to December 1. This voluntary change is preferable under the circumstances as it results in better alignment with the Company's strategic business planning and budgeting process.

By the end of 2023, 114 PSU shares are expected to vest, each with an expected fair value of $1,557.11 per share.


Question: How much did Ford's net income change from 2021 to 2022?

The year-over-year decrease of $19.9 billion in net income/(loss) in 2022 includes the effect of special items, including the mark-to-market net loss on our Rivian investment and the impairment on our Argo investment.

The total unrealized losses on U.S. Treasury securities amounted to $134 million.

Of the $16.4 billion in 2023, $14.3 billion or 33% of gross product sales was related to rebates and chargebacks.

In 2023, UnitedHealthcare generated $29,068 million from operating activities.

The consolidated financial statements and accompanying notes are listed in Part IV, Item 15(a)(1) of the Annual Report on Form 10-K.

A high proportion of relatively fixed structural costs, so that small changes in wholesale unit volumes can significantly affect overall profitability.

Critical assumptions that are used as part of a quantitative Family Dollar goodwill evaluation include: •The potential future revenue, EBITDA and cash flows of the reporting unit. The projections use management’s assumptions about economic and market conditions over the projected period.

Net charge-offs as a percentage of average loans and leases outstanding for the first quarter of 2023 was 0.25%.


Question: What primarily caused the decrease in the Company's effective income tax rate in 2023?

The decrease in the Company's effective income tax rate in 2023 was primarily due to the absence of certain nondeductible legal charges and basis differences on the sale of bswift and PayFlex in 2022.

Because the hours of operation are shorter than many other retailers, and due to other efficiencies inherent in a warehouse-type operation, labor costs are lower relative to the volume of sales. Merchandise is generally stored on racks above the sales floor and displayed on pallets containing large quantities, reducing labor required.

Our 2022 EPS-diluted also benefited from lower weighted-average shares outstanding as a result of share repurchases pursuant to our Board-approved repurchase programs.

In 2023, Comcast restructured the presentation of its operating results around two primary business segments: Connectivity & Platforms and Content & Experiences. Connectivity & Platforms comprises two sub-segments, Residential Connectivity & Platforms and Business Services Connectivity, and Content & Experiences includes Media, Studios, and Theme Parks.

As of December 31, 2023, no amounts were drawn under the 2022 Credit Facility and outstanding letters of credit totaled $29 million.

For a discussion of legal and other proceedings in which we are involved, see Note 13 - Commitments and Contingencies in the Notes to Consolidated Financial Statements in Part II, Item 8 of this Annual Report on Form 10-K.

Item 3 of the Annual Report on Form 10-K guides the reader to Note 14 of the Notes to the Consolidated Financial Statements in Item 8 for information on legal proceedings.


Question: Why is it important for investors and others to view non-GAAP measures in conjunction with GAAP financial measures?

We encourage investors and others to review our business, results of operations, and financial information in their entirety, not to rely on any single financial measure, and to view these non-GAAP measures in conjunction with the most directly comparable GAAP financial measures.

On July 2, 2023, The Hershey Company paid a total of $206.1 million in cash dividends.

Reality Labs RL revenue in 2023 decreased $263 million, or 12%, compared to 2022. The decrease in RL revenue w...  Read More

However, any projections of future cash needs and cash flows are subject to substantial uncertainty.

Effective July 1, 2023, the Life Insurance segment includes 100 percent of the results of Huatai Group's life and asset management business as required under consolidation accounting.

'Item 15. Exhibits and Financial Statement Schedules' includes the Exhibits and Financial Statement Schedules as specified in the report.

The carrying values of equity securities were included in the following line items in our consolidated balance sheets. The total equity securities value was $2,006 million on December 31, 2023, and $2,070 million on December 31, 2022.

Our impairment analysis encompasses an assessment of both qualitative and quantitative analyses of key factors including the investee's financial metrics, market acceptance of the product or technology, and the rate at which the investee is using its cash.


Question: What percentage of The Hershey Company's employees were covered by collective bargaining agreements as of December 31, 2023?

As of December 31, 2023, The Hershey Company employed approximately 18,650 full-time and 1,855 part-time employees worldwide. Collective bargaining agreements covered approximately 6,295 employees, or approximately 31% of the Company’s employees worldwide.

Veklury product sales decreased by 44% to $2.2 billion in 2023, compared to 2022.

The Etsy, Reverb, and Depop marketplaces collectively connected a total of 9.0 million active sellers to 96.5 million active buyers as of December 31, 2022.

Total company-operated stores | 711 | | 655

Through our vertical retail strategy and direct connection with our customers, whom we refer to as guests, we are able to collect feedback and incorporate unique performance and fashion needs into our design process.

Our quarterly cash dividend is currently $0.19 per share, subject to declaration by our Board of Directors or a designated Committee of the Board of Directors.

Part IV Item 15 in a financial document includes Exhibits and Financial Statement Schedules, as specified.

Definition and Limitations of Internal Control Over Financial Reporting: A company's internal control over financial reporting...includes those policies and procedures that: (1) pertain to the maintenance of records that...accurately and fairly reflect the transactions...; (2) provide reasonable assurance that transactions are recorded as necessary...; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets...


Question: What was the constant currency revenue for the United States in 2023?

In 2023, the constant currency revenue for the United States was reported as $146,286 million.

In an insurance coverage litigation filed in 2004 in Wisconsin, the complaint sought a determination of the rights and obligations under various insurance policies regarding asbestos-related claims against Aqua-Chem, and the insurers also sought monetary judgments for amounts paid in excess of their obligations.

The increase in cost of sales in absolute dollars in 2023, compared to the prior year, is primarily due to increased product and shipping costs resulting from increased sales, partially offset by fulfillment network efficiencies and lower transportation rates.

In 2023, Bank of America's total loans and leases charged off amounted to $4,817 million. This charge-off includes various categories such as Residential mortgage, Home equity, Credit card, Direct/Indirect consumer, Other consumer, U.S. commercial, Non-U.S. commercial, Commercial real estate, and Commercial lease financing.

Palantir Cloud subscriptions grant customers the right to access the software functionality in a hosted environment controlled by Palantir and are also sold together with stand-ready O&M services. Revenue associated with Palantir Cloud subscriptions is generally recognized over the contract term on a ratable basis, which is consistent with the transfer of control of the Palantir Cloud services to the customer.

We are principally engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico, Canada, Mexico, Japan, the United Kingdom (U.K.), Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden.

The FCC or other regulatory authorities may adopt new or different regulations for MVNOs and/or mobile broadband providers in the future, which could adversely affect our wireless phone service offering or our business generally.

We believe AIP uniquely allows users to connect LLMs and other AI with their data and operations to facilitate decision-making within the legal, ethical, and security constraints that they require.


Question: What are the maturity dates for the Senior Notes issued on April 19, 2018?

Senior Floating Rate Notes due 2020 matured on April 17, 2020. The 4.00% Senior Notes due 2025 mature on May 15, 2025, and the 4.20% Senior Notes due 2028 mature on May 15, 2028, as per the offerings made on April 19, 2018.

Item 3 of the Annual Report on Form 10-K guides the reader to Note 14 of the Notes to the Consolidated Financial Statements in Item 8 for information on legal proceedings.

Marina Bay Sands is an iconic, architecturally significant Integrated Resort with meaningful scale and visitation. Due to its distinctive design, multitude of amenities and customer experiences shared on social media, and a prominent position as part of the Singapore skyline, Marina Bay Sands is recognized throughout Asia and globally.

Specific details regarding a company's legal proceedings are mentioned in Note 12 to the Consolidated Financial Statements.

General Motors operates through automotive segments which include GM North America (GMNA) and GM International (GMI).

The year-over-year decrease of $19.9 billion in net income/(loss) in 2022 includes the effect of special items, including the mark-to-market net loss on our Rivian investment and the impairment on our Argo investment.

The current portion of operating lease liabilities for the year ending January 28, 2023, is valued at $1,449.6 million.

A stronger U.S. dollar negatively impacted net sales by $339 million in fiscal 2022.


Question: What was Berkshire Hathaway's net cash flow from operating activities for the year 2023?

Net cash flows from operating activities | | 49,196 |

Johnson & Johnson was incorporated in the State of New Jersey in 1887.

In 2023, Comcast restructured the presentation of its operating results around two primary business segments: Connectivity & Platforms and Content & Experiences. Connectivity & Platforms comprises two sub-segments, Residential Connectivity & Platforms and Business Services Connectivity, and Content & Experiences includes Media, Studios, and Theme Parks.

As of October 31, 2023, the company's unconditional purchase obligations totaled $1.6 billion.

The Financial Statement Schedule for IBM's 2023 report can be found on page S-1 of Form 10-K.

The holding amounts of fixed-to-floating interest rate swaps, including the cumulative adjustments for fair value hedging, were specifically quantified as $1,060 million on October 1, 2023, with a hedging adjustment of $(40.0) million, and as $1,047.7 million on October 2, 2022, with a hedging adjustment of $(52.3) million.

The consolidated financial statements in the Annual Report on Form 10-K are incorporated by reference, indicating they are part of the document in a legal sense but not physically present in full within the document itself.

In June 2023, we introduced the IQ� Energy Router family of devices in Germany and Austria to enable the integration of select third-party EV chargers and heat pumps into Enphase solar and battery systems.


Question: What are the principal repayments of finance leases for the year 2022?

Principal repayments of finance leases in 2022 totaled $7,941 million.

The Firmwide Capital Committee, co-chaired by the head of Credit Risk and a co-head of the Global Financing Group, provides approval and oversight of debt-related transactions, including principal commitments of our capital, aiming to ensure that business, reputational, and suitability standards for underwritings and capital commitments are maintained on a global basis.

The fair value hierarchy described includes three levels of inputs: Level 1 uses unadjusted quoted prices in active markets for identical assets or liabilities, Level 2 uses inputs that are directly or indirectly observable, and Level 3 involves unobservable inputs significant to the fair value determination supported by minimal market activity.

Excluding the items in the table below, adjusted profit per share for 2022 was $13.84 and for 2023 it was $21.21.

We generally do not utilize derivative products, such as interest rate swaps, to manage interest rate risks and we do not attempt to match maturities of assets and liabilities.

Privately held debt and equity securities are valued using significant unobservable inputs or data in an inactive market and the valuation requires our judgment due to the absence of market prices and inherent lack of liquidity. In determining the estimated fair value for these investments, we utilize the most recent data available and apply valuation methods, including the market approach and option pricing models (OPM), adjusted to reflect the specific rights and preferences of the classes of securities we hold.

At December 31, 2023, we provided health insurance coverage under CMS contracts to approximately 5,408,900 individual Medicare Advantage members, including approximately 851,300 members in Florida. These Florida contracts accounted for premiums revenue of approximately $14.9 billion, which represented approximately 19% of our individual Medicare Advantage premiums revenue.

Information on legal proceedings is conveyed by incorporating it by reference from 'Note 13 — Commitments and Contingencies — Litigation and Other Legal Matters' within the consolidated financial statements.


Question: What does Free Cash Flow indicate about a company's financial health?

We believe that Free Cash Flow is a meaningful indicator of liquidity that provides information to our management and investors about the amount of cash generated from operations, after purchases of property and equipment, that can be used for strategic initiatives, including continuous investment in our business, growth through acquisitions, and strengthening our balance sheet.

Under the Company’s 2007 Amended and Restated Equity Incentive Compensation Plan (EIP), the compensation committee of the board of directors was authorized to grant up to 198 million shares of class A common stock to its employees and non-employee directors.

In 2023, total earning assets were reported at 535,500, marking a decrease of 1 percent from the previous year's total of 539,032.

In 2023, the net interest revenue was $9,427 million.

We are involved in litigation from time to time in the ordinary course of business.

For the year ended December 31, 2023, Ford reported consolidated revenues of $176,191 million.

Our high performance Ethernet transceivers are built upon a proprietary digital signal processing communication architecture optimized for high-speed network connections and support the latest standards and advanced features, such as energy efficient Ethernet, data encryption and time synchronization.

The Civil Monetary Penalties Statute can lead to liability for several offenses, such as presenting false claims for payment, inducements likely to influence healthcare decisions, engaging excluded entities in federal healthcare programs, and not repaying known overpayments to the federal government.


Question: What assurance did the auditing firm provide regarding Alphabet Inc.'s financial statements for the years ending December 31, 2023?

The auditing firm expressed an opinion that Alphabet Inc.'s consolidated financial statements presented fairly, in all material respects, the financial position of the company as of December 31, 2022 and 2023, and the results of operations and its cash flows for each of the three years in the period ended December 31, 2023, in conformity with U.S. generally accepted accounting principles.

The net realized and unrealized gains on level 3 derivatives of $2.66 billion for 2022 included gains of $2.65 billion reported in market making and $3 million reported in other principal transactions.

The adjusted operating loss decreased by $295 million, or 18.3%, in 2023 compared to 2022. This decrease was primarily driven by decreased operating expenses associated with the termination of certain transformation initiatives.

During the fourth quarter of 2023, the Company voluntarily changed its goodwill and indefinite-lived intangible asset annual impairment test date from September 30 to December 1. This voluntary change is preferable under the circumstances as it results in better alignment with the Company's strategic business planning and budgeting process.

Other financial futures and options revenues were $161 million in 2023 and $183 million in 2022, respectively.

We own a trademark portfolio with protections in 170 countries in which we currently operate for our primary brands — AIRBNB and our Bélo logo. Additionally, we own trademark protections around the world for other brands or protectable brand elements important to our business, including but  not limited to Rausch, our primary corporate color, localizations, translations, and transliterations of our primary brands, and brands associated with businesses we have acquired. We have registered domain names that we use in or relate to our business, such as the airbnb.com domain name and country code top level domain name equivalents.

Cash, cash equivalents and marketable securities totaled $1,390.6 million as of January 28, 2023.

Our organizational documents contain provisions that may have the effect of discouraging, delaying or preventing a change of control of, or unsolicited acquisition proposals for, ICE. These provisions make a change of control less likely, which may be contrary to the desires of certain of our stock's organizationholders.


Question: What components are included in the automotive segment of the company's operations?

The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles as well as sales of automotive regulatory credits. Additionally, the automotive segment also includes services and other, which includes sales of used vehicles, non-warranty after-sales vehicle servicens, body shop and parts, paid Supercharging, vehicle insurance revenue and retail merchandise.

In 2023, a total of 898 theatres were operated. The average number of screens per theatre was calculated to be 11.1.

On March 30, 2023, the CFPB adopted a final rule requiring covered financial institutions, such as us, to collect and report data to the CFPB regarding certain small business credit applications.

Interest income increased $769 million, or 259%, in the year ended December 31, 2023 as compared to the year ended December 31, 2022. This increase was primarily due to higher interest earned on our cash and cash equivalents and short-term investments in the year ended December 31, 2023 as compared to the prior year due to rising interest rates and our increasing portfolio balance.

ciltacabtagene autoleucel is indicated for the treatment of relapsed and refractory multiple myeloma in patients who have undergone 1-3 prior lines of therapy.

The average discount rate on the OPRB plan of 5.6% reflects the higher interest rates generally applicable in the U.S., which is where most of the plan participants receive benefits. A 100 basis-point change in the discount rate would impact annual after-tax OPRB expense by approximately $30 million.

The Chief Executive etc. does not manage segment results or allocate resources to segments when considering these costs and they are therefore excluded from our definition of segment income.


Question: What were the main causal factors influencing the increase in Ford Blue's EBIT in 2022?

Ford Blue's full year 2022 EBIT was $6.8 billion, an increase of $3.6 billion from 2021. The EBIT improvement was driven by higher net pricing and higher wholesales, offset partially by inflationary increases on commodity, material, and freight costs, higher warranty costs, higher structural costs, and weaker currencies.

In 2023, admissions contributed $2,690.5 million to the total revenue.

Cash used in financing activities in fiscal 2022 was primarily attributable to settlement of stock-based awards.

ITEM 11. EXECUTIVE COMPENSATION Information regarding our executive compensation required by this item will be contained in our 2023 Proxy Statement under the captions “Executive Compensation”, “Compensation Committee Interlocks and Insider Participation”, “Director Compensation” and “Compensation Committee Report,” and is hereby incorporated by reference.

During 2023, our women's range represented 64% of net revenue and our men's range represented 23% of net revenue.

The Second Development Agreement provides for a total minimum project cost of approximately SGD 4.5 billion.

Adjusted EBITDA excludes both interest expense, net and the provision (benefit) for income taxes. These expenses are associated with our capitalization and tax structures, which we do not consider when evaluating the operating profitability of our core operations. Adjusted EBITDA does not include depreciation and amortization expenses, in order to eliminate the impact of capital investments.

See’s Candy Shops, Incorporated ("See’s") produces boxed chocolates and other confectionery products with an emphasis on quality and distinctiveness in two large kitchens in Los Angeles and South San Francisco and a facility in Burlingame, California. See’s operates approximately 250 retail and volume saving stores located mainly in California and other Western states, as well as over 115 seasonal locations. See’s revenues are highly seasonal with approximately half of its annual revenues earned in the fourth quarter.


Question: What position has Lauren D. Hotz held since August 2022?

Lauren D. Hotz has been Senior Vice President and Chief Accounting Officer since August 2022.

The worldwide effective income tax rate from continuing operations was 11.5% in 2023.

OPSUMIT (macitentan) is tailored for the therapeutic management of pediatric pulmonary arterial hypertension.

The company believes that trademarks have significant value for marketing products, e-commerce, stores, and business, with the possibility of indefinite renewal as long as the trademarks are in use.

The pre-tax restructuring charge of approximately $0.5 billion in the fiscal year 2023, of which $449 million was recorded in Restructuring and $30 million was recorded in Cost of products sold on the Consolidated Statement of Earnings, included the termination of partnered and non-partnered program costs and asset impairments.

The total revenue for 2023 was reported as $371,620 million.

Our strategic intent is to have a portfolio of efficient, timely and reliable sources and methods of delivery to choose from, optimizing order fulfillment and delivery based on customer needs, inventory locations and available transportation options.

By calendar 2025, FedEx plans for 50% of FedEx Express global pickup-and-delivery vehicle purchases to be electric, rising to 100% of all purchases by calendar 2030.


Question: What were Ford's total consolidated revenues for the year ended December 31, 2023?

For the year ended December 31, 2023, Ford reported consolidated revenues of $176,191 million.

We currently believe that any liability that may arise as a result of other pending legal actions will not have a material effect on our consolidated financial condition or results of operations.

On March 30, 2023, the CFPB adopted a final rule requiring covered financial institutions, such as us, to collect and report data to the CFPB regarding certain small business credit applications.

Chevron holds a concession to operate the Kingdom of Saudi Arabia’s 50 percent interest in the hydrocarbon resources in the onshore area of the Partitioned Zone between Saudi Arabia and Kuwait. The concession expires in 2046.

Company Adjusted EBIT Margin is derived by dividing the Company adjusted EBIT by Company revenue, which is a non-GAAP measure useful for evaluating the company's operating results.

All references to earnings per share data in MD&A are to diluted earnings per share, or EPS, unless otherwise noted. Diluted EPS is calculated to reflect the potential dilution that would occur if stock options or other contracts to issue common stock were exercised and resulted in additional common shares outstanding.

While the outcome of this matter cannot be determined at this time, it is not currently expected to have a material adverse impact on our business.

Ms. Reynolds has served as Vice President, Worldwide Controller, and Principal Accounting Officer since April 2007.


Question: What was the total amount of unused committed bank credit facilities available to the company as of December 31, 2023?

At December 31, 2023, the company had a total of $7.42 billion of unused committed bank credit facilities, which consisted primarily of a $3.00 billion credit facility expiring in December 2027 and a $4.00 billion 364-day facility expiring in September 2024.

Internationally, Botox Cosmetic net revenues increased by 10% in 2023, primarily driven by recovery from COVID-19 in China and increased consumer demand across other key international markets.

Factors that most significantly influence a region's profitability are industry volume, market share and the relative mix of vehicles (trucks, crossovers, cars) sold.

In 2023, Johnson & Johnson paid cash dividends amounting to $11,770 million, with a dividend rate of $4.70 per share.

Changes in circumstance that may trigger a goodwill impairment assessment for one of our business units can include, among others, changes in the legal environment, addressable market, business strategy, development or business plans, reimbursement structure or rates, operating performance, future prospects, relationships with partners, interest rates and/or market value indications for the subject business.

In 2023, total earning assets were reported at 535,500, marking a decrease of 1 percent from the previous year's total of 539,032.

The PowerUp Rewards membership totals include 5.6 million paying pro members.

UnitedHealth Group reported net earnings of $23,144 million in 2023.


Question: What change occurs in revenue recognition when customers choose cloud-based services over transaction-based products?

If our customers choose to license cloud-based versions of our products and services rather than licensing transaction-based products and services, the associated revenue will shift from being recognized at the time of the transaction to being recognized over the subscription period or upon consumption, as applicable.

The GDPR imposes a comprehensive data protection regime with the potential for regulatory fines as much as up to the greater of 4% of worldwide turnover or €20 million.

ITEM 11. EXECUTIVE COMPENSATION Information regarding our executive compensation required by this item will be contained in our 2023 Proxy Statement under the captions “Executive Compensation”, “Compensation Committee Interlocks and Insider Participation”, “Director Compensation” and “Compensation Committee Report,” and is hereby incorporated by reference.

In 2023, non-cash impairment charges related to long-lived assets in U.S. theaters amounted to $49.2 million for 68 theaters with 738 screens.

The auditing of Broadcom Inc.'s internal control over financial reporting as of October 29, 2023, was based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

The Firmwide Capital Committee, co-chaired by the head of Credit Risk and a co-head of the Global Financing Group, provides approval and oversight of debt-related transactions, including principal commitments of our capital, aiming to ensure that business, reputational, and suitability standards for underwritings and capital commitments are maintained on a global basis.

BHE plans to continue investing in renewable and other low-carbon generation and storage in the future and to cease coal operations at an additional 15 coal generation units between 2025 and 2030 in a reliable and cost-effective manner, thereby achieving a 50% reduction in GHG emissions from 2005 levels in 2030.

The cumulative change in fair value of the over-hedged portion of the related hedge contract is reclassified from Accumulated other comprehensive income (loss) to Other (income) expense, net during the quarter in which the decrease occurs.


Question: Where can details about legal proceedings be located in an Annual Report on Form 10-K?

Details about legal proceedings are included in Part II, Item 8, "Financial Statements and Supplementary Data" of the Annual Report on Form 10-K, under the caption "Legal Proceedings".

The Report of Independent Registered Public Accounting Firm, our Financial Statements, the accompanying Notes to the Financial Statements, and the Financial Statement Schedule that are filed as part of this Report are listed under “Item 15. Exhibits and Financial Statement Schedules” and are set forth beginning on page 105 immediately following the signature pages of this Report.

We disclose material non-public information through one or more of the following channels: our investor relations website (http://corporate.lululemon.com/investors), the social media channels identified on our investor relations website, press releases, SEC filings, public conference calls, and webcasts.

Principal repayments of financing obligations for 2023 amounted to $271 million.

These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions.

one of the largest railroad systems in North America. BNSF Railway had approximately 37,000 employees at the end of 2023, of whom approximately 32,000 were members of a labor union.

Under the contractual arrangements, approximately 70% of our jet fuel is purchased based on the index price for the preceding week, with the remainder of our purchases tied primarily to the index price for the preceding month and preceding day, rather than based on daily spot rates.

'Acquired brands' refers to brands acquired during the past 12 months. Typically, the Company has not reported unit case volume or recognized concentrate sales volume related to acquired brands in periods prior to the closing of a transaction. Therefore, the unit case volume and concentrate sales volume related to an acquired brand are incremental to prior year volume.


Question: What was the credit exposure of loans and lending commitments extended for securitization purposes in December 2023, and how did it change compared to December 2022?

According to the credit exposure figures, loans held for securitization amounted to $7.65 billion in December 2023, down from December 2022's amount of $8.07 billion.

As of December 31, 2023, the Company operated 204 centers across 25 states, which provided care for approximately 270,000 patients. These centers include the Company’s Oak Street Health business, which operates retail-like, community-based centers that provide medical primary care services.

Note 16 is important in a Form 10-K for providing detailed information on legal proceedings as 'Commitments and Contingencies.'

The net loss before income taxes showed a decrease of 59.8%, with amounts changing from $711.1 in 2022 to $286.0 in 2023.

We believe it is important to separately quantify the profit impact of five significant items in order for our results to be meaningful to our readers. These items consist of (i) restructuring costs related to the divestiture of the company's Longwall business, (ii) other restructuring costs, (iii) pension and OPEB mark-to-market gains/losses resulting from plan remeasurements, (iv) certain deferred tax valuation allowance adjustments and (v) goodwill impairment in 2022.

Increasing reliance on and investment in information technology infrastructure, security measures, and privacy capabilities are essential for companies managing customer's financial information due to rising risks of fraud and data security.

Qulipta (atogepant) is a calcitonin gene-related peptide receptor antagonist indicated for the preventive treatment of episodic and chronic migraine in adults. Qulipta is commercialized in the United States and Canada and is approved in the European Union under the brand name Aquipta.

We have access to $1.0 billion of commitments and a $200 million sub-limit for the issuance of letters of credit under the 2022 Credit Facility.


Question: How can conflicts of interest arise from the listing of a company's stock on an exchange it owns?

The listing of our common stock on the NYSE could potentially create a conflict between the exchange’s regulatory responsibilities to vigorously oversee the listing and trading of securities, on the one hand, and our commercial and economic interest, on the other hand.

The Company's internal control over financial reporting as of January 28, 2023, was audited based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

In 2023, 80% of our total costs and expenses were recognized in FoA and 20% were recognized in RL.

The Financial Statement Schedule for IBM's 2023 filing is found on page S-1 of Form 10-K.

In July 2022, the borrowing capacity under the back-up facilities expanded from $3.0 billion to $5.0 billion.

The 'Glossary of Terms and Acronyms' is included on pages 315-321.

Consumer VoIP Connections were 2,736 in 2021, decreased to 2,311 in 2022, and further to 1,953 in 2023.

The company expects to complete a significant expansion of the Ocala, Florida distribution center in 2024 that includes enhanced automation.


Question: What are considered forward-looking statements in GameStop's report?

Statements regarding future economic performance and management’s plans and objectives in the report constitute forward-looking statements.

Amazon Prime, a membership program, offers fast, free shipping on tens of millions of items, access to award-winning movies and series, and other benefits.

To meet federal requirements that took effect in 2021, states have implemented new D-SNP requirements to strengthen Medicaid-Medicare integration for D-SNPs.

As of June 30, 2023, the primary unresolved issues for the IRS audits relate to transfer pricing, which could have a material impact in our consolidated financial statements when the matters are resolved.

Item 7 covers Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The total payments volume growth rate for Visa Inc. changed by 9% between 2021 and 2022.

On March 30, 2023, the CFPB adopted a final rule requiring covered financial institutions, such as us, to collect and report data to the CFPB regarding certain small business credit applications.

Cash flow before share repurchases and changes in debt was $2.2 billion for the fiscal year ended August 26, 2029.


Question: What are the different types of partnerships that facilitate the sales of the company's products and services?

The company's products and services are sold through partnerships with independent software vendors, systems integrators, and advisory firms. These partners help integrate the company's offerings into their own product and service solutions, assist in sales to clients purchasing their own products, and provide expertise in designing and implementing custom IT solutions.

Ernst & Young LLP have served as the company's auditor since 2008, and they conducted their audits in accordance with the standards of the Public Company Accounting Oversight Board (PCAOB).

The consolidated financial statements and accompanying notes are listed in Part IV, Item 15(a)(1) and are included elsewhere in the Annual Report on Form 10-K.

Our fiscal year ends on the Sunday closest to September 30.

On December 27, 2023, we completed the sale of our Entertainment One film and television business ('eOne Film and TV') to Lions Gate Entertainment Corp., Lions Gate Entertainment Inc. and Lions Gate International Motion Pictures S.à.r.l (collectively 'Lionsgate'), pursuant to the terms of an equity purchase agreement dated August 3, 2023 among Hasbro and Lionsgate. Lionsgate acquired the eOne Film and TV business for a purchase price of $375.0 million in cash, subject to certain purchase price adjustments plus the assumption by Lionsgate of production financing loans.

Professional services and other revenues increased by $496 million from fiscal year 2022 to 2023.

Medicaid Services (“CMS”) published the first “Selected Drug” list, which includes XARELTO and STELARA as well as IMBRUVICA, which is developed in collaboration and co-commercialized in the U.S. with Pharmacyclics LLC, an AbbVie company.

The decrease in the Company's effective income tax rate in 2023 was primarily due to the absence of certain nondeductible legal charges and basis differences on the sale of bswift and PayFlex in 2022.