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d1b337970
Operating Revenues and Selected Operating Statistics (1) Service and other revenues included in our Business segment amounted to approximately $27.9 billion and $28.1 billion for the years ended December 31, 2019 and 2018, respectively. Wireless equipment revenues included in our Business segment amounted to approximat...
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Operational performance A Leasing activity We agreed 205 long-term leases in 2019, amounting to £26 million annual rent, at an average of 1 per cent above previous passing rent (like-for-like units) and in line with valuers’ assumptions. On a net effective basis (net of rent frees and incentives), rents were also 1 per...
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Asset position of METRO AG ASSETS As of the closing date, METRO had total assets of €18,221 million, which are predominantly comprised of financial assets in the amount of €9,005 million, receivables from affiliated companies at €8,214 million and the usufructuary rights to the METRO and MAKRO brands which were recogni...
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The following table presents the basic and diluted weighted-average number of shares of common stock (amounts in thousands, except per share data): (1) Fiscal years ending March 31, 2018 and 2017 adjusted due to the adoption of ASC 606. | | Fiscal Years Ended March ...
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Results of Operations (2) Operating expenses include stock-based compensation expense as follows (in thousands): | | Year Ended December 31, | -------------------------------------- | ------- | ----------------------- | ------ ...
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Cogeco Communications is a subsidiary of Cogeco, which holds 31.8% of the Corporation's equity shares, representing 82.3% of the Corporation's voting shares. Cogeco provides executive, administrative, financial and strategic planning services and additional services to the Corporation under a Management Services Agreem...
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Geographic Information (1) Amounts by geography have been reclassified from prior year disclosure to reflect adjustments to our regional operating model. As of January 1, 2019, our geographic regions are: North America, EMEA, South America and APAC. Our North American operations include Canada, the United States, Mexic...
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For 2019, we reported a net income of $1,032 million, compared to a net income of $1,287 million and $802 million for 2018 and 2017, respectively. The 2019 net income represented diluted earnings per share of $1.14 compared to $1.41 and $0.89 for 2018 and 2017, respectively. |...
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Unearned Revenue Unearned revenue as of the periods presented consisted of the following (table in millions): Unearned subscription and SaaS revenue is generally recognized over time as customers consume the services or ratably over the term of the subscription, commencing upon provisioning of the service. Previously, ...
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ALTERNATIVE PERFORMANCE MEASURES Gross profit: TORM defines Gross profit, a performance measure, as revenue less port expenses, bunkers and commissions, charter hire and operating expenses. The Company reports Gross profit because we believe it provides additional meaningful information to investors, as Gross profit me...
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12. RESTRICTED CASH AND SHORT-TERM DEPOSITS Our restricted cash and short-term deposits balances are as follows: (1) Restricted cash relating to the share repurchase forward swap refers to the collateral required by the bank with whom we entered into a total return equity swap. Collateral of 20% of the total purchase p...
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NOTE 4 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES Accounts payable and accrued expenses consist of the following at: On October 1 2019, the Company entered into an agreement with a consultant for toxicology studies. The consultant quoted a commitment of approximately $988,000 as an estimate for the study. 50% of the total...
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27 Financial risk management (continued) The table below summarises the Group’s exposure to foreign exchange risk as well as the foreign exchange rates applied: The approximate impact of a 10 per cent appreciation in foreign exchange rates would be a positive movement of £50.0 million (2018: £63.4 million) to equity at...
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NOTE 7. INVENTORIES The following table details the components of inventories (in thousands). | December 31 | -------------- | ----------- | ----- | 2019 | 2018 Finished goods | $698 | $853 Raw materials | 90 | 3 Packaging | 110 | 102 Inv...
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At May 31, 201 9 , we had federal net operating loss carryforwards of approximately $ 732 million, which are subject to limitation on their utilization. Approximately $ 690 million of these federal net operating losses expire in various years between fiscal 2020 and fiscal 2018 . Approximately $42 million of these fede...
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Subscription Revenue by Segment Our subscription revenue is comprised primarily of fees we charge for our subscription and hosted service offerings including Creative Cloud and certain of our Digital Experience and Document Cloud services. We recognize subscription revenue ratably over the term of agreements with our c...
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Net Income Per Share Basic net income per share is computed by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted net income per share is computed giving effect to all potentially dilutive common stock and common stock equivalents, including stock options, RSUs and c...
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Sales by Contract Type: Substantially all of our contracts are fixed-price type contracts. Sales included in Other contract types represent cost plus and time and material type contracts. On a fixed-price type contract, we agree to perform the contractual statement of work for a predetermined sales price. On a cost-plu...
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Commitments and Significant Contractual Obligations The following table summarizes our contractual obligations and commercial commitments at December 27, 2019: (1) Interest on our various outstanding debt instruments is included in the above table, except for our Term Loan and ABL, which have floating interest rates. A...
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Operating Expenses Operating expenses increased to approximately $19.1 million for the year ended December 31, 2019, from approximately $12.0 million for the year ended December 31, 2018, an increase of approximately 60%. The detail by major category is reflected in the table below. The main drivers for the overall inc...
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Contractual obligations As of December 31, 2019, our contractual obligations were: (1) See "9. Leases" in Item 8 of this Annual Report for additional information. (2) Represents the fixed or minimum amounts due under purchase obligations for hosting services and sales and marketing programs (3) We are unable to reasona...
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data) Our pension plan asset allocation at December 31, 2019, and 2018, and target allocation for 2020 by asset category are as follows: We employ a liability-driven investment strategy whereby a mix of equity and fixed-income inve...
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V. INDEBTEDNESS Indebtedness of the Company including interest outstanding/accrued but not due for payment Notes: 1. Secured loans excluding deposits of `39 crore as at March 31, 2019, represents obligations under finance lease including current portion of obligations. 2. Opening balance as at April 1, 2018, of unsecur...
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5. Goodwill and Purchased Intangible Assets (a) Goodwill The following tables present the goodwill allocated to our reportable segments as of July 27, 2019 and July 28, 2018, as well as the changes to goodwill during fiscal 2019 and 2018 (in millions): “Other” in the tables above primarily consists of foreign currency ...
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Assets in the combined schemes increased by £177.1m to £5,040.7m in the period. RHM scheme assets increased by £149.1m to £4,333.6m while the Premier Foods’ schemes assets increased by £28.0m to £707.1m. The most significant movement by asset class is that of government bonds which increased by £444.0m in the year, pre...
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The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition. The amount recorded for developed technology represents the estimated fair value of OpsGenie’s incident management and alerting technology. The amount recorded for cus...
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Interest Expense Interest expense includes interest on total long-term debt. The following table presents the amount of gross interest expense, net of capitalized interest: | | Years Ended December 31, | ---------------------- | ------ | ------------------------ | ----- ...
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Quarterly Financial Data (Unaudited) Quarterly results for the years ended June 30, 2019 and 2018 are as follow (in thousands, except per share amounts). | June 30, 2019 | March 31, 2019 | December 31, 2018 | September 30, 2018 -------------------------------------- | -----------...
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data) NOTE 18 — Income Taxes Significant components of income tax provision/(benefit) are as follows: | | Years Ended December 31, | -------------------------------- | ------- | ---...
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The following table years ended December 31, 2019, 2018 and 2017 related to the Company’s PSU awards, SLO awards and restricted stock awards. (1) On May 18, 2017, The Organization and Compensation Committee of our Board of Directors (“O&C Committee”) approved a change in the vesting policy regarding the existing 2017 T...
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14. INCOME TAXES Our effective tax rates for each of the periods presented are the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. The more significant provisions of the Tax Act as applicable to us are described in Note 1 above under “Impacts of the U.S. Tax...
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ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts) Deferred tax assets and liabilities are recognized for the future tax consequences of differences between the carrying amounts of assets and liabilities and their respective tax bases using...
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The line “Construction in progress” in the table above includes property, plant and equipment under construction and equipment under qualification before operating. On January 1, 2019, the Company adopted the new guidance on lease accounting and lease right-of-use assets are included in plant, property and equipment. T...
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data) The components of the prepaid (accrued) cost of the domestic and foreign pension plans are classified in the following lines in the Consolidated Balance Sheets at December 31: | U.S.Pen...
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REPURCHASE OF COMPANY SHARES The Company repurchased a total of 75,113 and 74,880 shares of its common stock during fiscal 2019 and fiscal 2018, respectively, for cash totaling approximately $7.5 million and $7.7 million, respectively. All repurchased shares were recorded in treasury stock at cost. At September 2019, 3...
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Dividends Cal-Maine pays a dividend to shareholders of its Common Stock and Class A Common Stock on a quarterly basis for each quarter for which the Company reports net income computed in accordance with generally accepted accounting principles in an amount equal to one-third (1/3) of such quarterly income. Dividends a...
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3.4 FINANCIAL EXPENSE (1) Fiscal 2018 was restated to reclassify results from Cogeco Peer 1 as discontinued operations. For further details, please consult the "Discontinued operations" section. Fiscal 2019 financial expense decreased by 5.4% mainly due to: • the reimbursement at maturity of the Senior Secured Notes Se...
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Deferred Income Tax Assets and Liabilities Significant components of the Company’s net deferred tax assets and liabilities as of September 30, 2019 and 2018 are as follows(amounts shown in thousands): The net change in the total valuation allowance for the fiscal years ended September 30, 2019 and 2018 was an increase ...
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Selling, general and administrative Selling, general and administrative expense consists primarily of salaries and other personnel-related costs, professional fees, insurance costs, and other business development and selling expenses. The following table shows selling, general and administrative expense for the years e...
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20. Computation of Basic/Diluted Earnings Per Common Share The following table sets forth the computation of basic and diluted earnings per common share (amounts in millions, except per share data): The vesting of certain of our employee-related restricted stock units and options is contingent upon the satisfaction of ...
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Operating Results – Teekay LNG The following table compares Teekay LNG’s operating results, equity income and number of calendar-ship-days for its vessels for 2019 and 2018: 1) Includes direct general and administrative expenses and indirect general and administrative expenses allocated to the liquefied gas carriers an...
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Note 8. Other Financial Statement Details Accounts Receivable Accounts receivable consists of the following (in millions): | March 31, | ------------------------------------ | --------- | ------ | 2019 | 2018 Trade accounts receiva...
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The fair value of the option component of the ESPP shares was estimated at the grant date using the Black-Scholes option pricing model with the following weighted average assumptions: The Company issued 266 shares, 231 shares and 183 shares under the ESPP in the years ended December 31, 2019, 2018 and 2017, respectivel...
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We engaged with Dell in the following ongoing related party transactions, which resulted in costs to us: • We purchase and lease products and purchase services from Dell. • From time to time, we and Dell enter into agreements to collaborate on technology projects, and we pay Dell for services provided to us by Dell rel...
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Base Salary. The base salary for each NEO is determined on the basis of the following factors: scope of responsibilities, experience, skills, performance, expected future contribution, base salary levels in effect for comparable positions at the companies in the Peer Group (as described on page 42 below under “Use of P...
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Other Income/Expense The following table details our other income/expenses for the years ended September 30, 2019 and 2018: The decrease to other income (expenses) for the fiscal year ended September 30, 2019 as compared to the fiscal year ended September 30, 2018 was primarily driven by a decrease in Other income, net...
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SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES Payroll and overhead increased $1.2 million, or 3.1%, compared to the same period of last year primarily due to annual salary increases. As a percentage of net sales, payroll and overhead is 2.8% and 2.5% for fiscal 2019 and 2018, respectively. As a percentage of net sales,...
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The following table provides a reconciliation of EBITDA and Adjusted EBITDA to net loss, the most directly comparable financial measure presented in accordance with U.S. GAAP: (a) Represents new store marketing allowance of $1,000 for each store added to our distribution network, as well as the non-capitalized freight ...
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Global Financing Financial Position Key Metrics (1) Includes deferred initial direct costs which are eliminated in IBM’s consolidated results. (2) Includes intercompany mark-up, priced on an arm’s-length basis, on products purchased from the company’s product divisions which is eliminated in IBM’s consolidated results....
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The following table sets forth a summary of our cash flows for the periods indicated (in thousands): Our cash flows from operating activities are significantly influenced by our growth, ability to maintain our contractual billing and collection terms, and our investments in headcount and infrastructure to support antic...
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ISU plan The Corporation offers to its executive officers and designated employees an Incentive Share Unit ("ISU") Plan. According to this plan, executive officers and designated employees periodically receive a given number of ISUs which entitle the participants to receive subordinate voting shares of the Corporation ...
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Note 15. Employee Benefit Plans Defined Benefit Plans The Company has defined benefit pension plans that cover certain French and German employees. Most of these defined pension plans, which were acquired in the Atmel and Microsemi acquisitions, are unfunded. Plan benefits are provided in accordance with local statutor...
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Cubic Transportation Systems Sales: CTS sales increased 16% to $670.7 million in 2018 compared to $578.6 million in 2017 and were higher in North America and the U.K., but were slightly lower in Australia. Sales in 2018 were higher in the U.S. primarily due to system development on the New York New Fare Payment System ...
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SIGNIFICANT ASSUMPTIONS We used the following key assumptions to measure the post-employment benefit obligations and the net benefit plans cost for the DB pension plans and OPEB plans. These assumptions are long-term, which is consistent with the nature of post-employment benefit plans. (1) Cost of living indexation ra...
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Property and equipment consist of the following (in thousands): Depreciation expense was $1.2 million and $1.6 million for the years ended December 31, 2019 and 2018, respectively. Amortization of capitalized internal-use software and website development costs was $157,000 and $247,000 for the years ended December 31, ...
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The Company recognizes these compensation costs on a straight-line basis over the requisite service period of the award, which is generally the award vesting term of four years. Forfeitures are accounted for as they occur. Total stock-based compensation cost capitalized in inventory was less than $0.8 million in the ye...
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Note 11. Non-current assets - deferred tax assets Critical accounting judgements, estimates and assumptions Deferred tax assets are recognised for deductible temporary differences only if the Group considers it is probable that future taxable amounts will be available to utilise those temporary differences and losses. ...
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1. Description of the business and summary of significant accounting policies: (Continued) Shares of restricted stock are included in the computation of basic EPS as they vest and are included in diluted EPS, to the extent they are dilutive, determined using the treasury stock method. The following details the determin...
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AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed) 23. SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) Selected quarterly financial data for the years ended December 31, 2019 and 2018 is as follows (in millions, except per share...
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16. Transactions With Affiliate: Our business includes certain transactions with our majority shareholder, Kyocera, that are governed by agreements between the parties that define the sales terms, including pricing for the products. The nature and amounts of transactions with Kyocera are included in the table below. Ky...
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The Company’s unused short-term lines of credit amounted to NT$77,658 million and NT$64,169 million as of December 31, 2018 and 2019, respectively. (10) Short-Term Loans | As of December 31, | --------------------- | ------------------ | ----------------- |...
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Assumptions Weighted-average actuarial assumptions used to determine net periodic benefit cost and projected benefit obligation for the plans for the fiscal years 2019, 2018 and 2017 were as follows: (1) The expected return on plan assets assumption used in calculating net periodic benefit cost is based on historical r...
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LIQUIDITY AND CAPITAL RESOURCES Our primary source of cash is from the sale of our software and related services. Our primary use of cash is payment of our operating costs, which consist primarily of employee-related expenses, such as compensation and benefits, as well as general operating expenses for marketing, facil...
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AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed) At December 31, 2019, the Company had net federal, state and foreign operating loss carryforwards available to reduce future taxable income. If not utilized, the Company’s NOL...
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Financial review 2019 was a challenging year for the retail property sector with the ongoing structural changes and low consumer confidence impacting some weaker retailers and leading to a higher level of CVAs and administrations. This impacted our revenue, net rental income and property valuations, with like-for-like ...
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A.3.10 Reconciliation to Consolidated Financial Statements The negative swing in Corporate items was mainly due to large positive effects in fiscal 2018 – the gain of € 900 million resulting from the transfer of Siemens’ shares in Atos SE to Siemens Pension- Trust e. V. and the gain of € 655 million from the sale of OS...
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Other non-current assets Other non-current assets consisted of the following (in thousands): | December 31, 2019 | December 31, 2018 ----------------------------------- | ----------------- | ----------------- Right of use assets | $33,014 | $— ...
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The components of the provision for income taxes attributable to continuing operations are as follows (in thousands): On a consolidated basis, the Company has incurred operating losses and has recorded a full valuation allowance against its US, UK, New Zealand, Hong Kong, and Brazil deferred tax assets for all periods ...
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Income from Equity Investees Marine Services: Income from equity investees within our Marine Services segment for the year ended December 31, 2019 decreased $14.1 million to $5.6 million from $19.7 million for the year ended year ended December 31, 2018. The decrease was driven by HMN, due to lower revenues on large tu...
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The fair value of the Company’s service-based RSUs was calculated based on fair market value of the Company’s stock at the date of grant, discounted for dividends. The fair value of the Company’s market-based PRSUs granted during fiscal years 2019, 2018, and 2017 was calculated using a Monte Carlo simulation model at t...
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Segment Data Operating segments are defined as components of an enterprise that engage in business activities from which they may earn revenues and incur expenses; for which separate financial information is available; and whose operating results are regularly reviewed by the chief operating decision maker to assess th...
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Discontinued Operations In December 2015, we completed the wind down of engineering, manufacturing and sales of our solar inverter product line (the "inverter business"). Accordingly, the results of our inverter business have been reflected as “Income (loss) from discontinued operations, net of income taxes” on our Con...
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10. Segment Information The Company reports financial performance based on its segments, ACI On Premise and ACI On Demand, and analyzes Segment Adjusted EBITDA as a measure of segment profitability. The Company’s interim Chief Executive Officer is also the chief operating decision maker ("CODM"). The CODM, together wit...
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Cubic Mission Solutions Sales: CMS sales increased 23% to $207.0 million in fiscal 2018 compared to $168.9 million in 2017. The increase in sales was primarily due to increased orders and shipments of expeditionary satellite communications products, tactical networking products, and Command and Control, Intelligence, S...
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A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows (in thousands): The total liability for gross unrecognized tax benefits as of December 31, 2019, 2018 and 2017 includes $9.6 million, $0.4 million and $0.2 million, respectively, of unrecognized n...
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NOTE 11 – OTHER RECEIVABLES No significant other receivables are past due or credit impaired. The carrying amount is a reasonable approximation of fair value due to the short-term nature of the receivables. Please refer to note 21 for further information on fair value hierarchies. USDm |...
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Substantial shareholdings The voting rights in the table below have been determined in accordance with the requirements of the UK Listing Authority’s Disclosure and Transparency Rules DTR 5, and represent 3% or more of the voting rights attached to issued shares in the Company as at 28th February 2020 and 31st December...