question
stringlengths 13
239
| context
stringlengths 16
14.1k
|
|---|---|
In which years was the financial information recorded for? | (in thousands of $) 2019 2018
Statement of income
Liquefaction services revenue 218,096 127,625
Realized and unrealized (losses)/gains on the oil derivative instrument (26,001) 16,767
Statement of cash flows
Net debt repayments (243,513) (30,300)
Net debt receipts 129,454 —
The most significant impacts of Hilli LLC VIE's operations on our consolidated statements of income and consolidated statements of cash flows, as of December 31, 2019 and 2018, are as follows: |
What was the net debt receipts in 2019? | (in thousands of $) 2019 2018
Statement of income
Liquefaction services revenue 218,096 127,625
Realized and unrealized (losses)/gains on the oil derivative instrument (26,001) 16,767
Statement of cash flows
Net debt repayments (243,513) (30,300)
Net debt receipts 129,454 — |
What was the net debt repayments in 2018? | (in thousands of $) 2019 2018
Statement of income
Liquefaction services revenue 218,096 127,625
Realized and unrealized (losses)/gains on the oil derivative instrument (26,001) 16,767
Statement of cash flows
Net debt repayments (243,513) (30,300)
Net debt receipts 129,454 — |
In which year was the realized and unrealized (losses)/gains on the oil derivative instrument higher? | (in thousands of $) 2019 2018
Statement of income
Liquefaction services revenue 218,096 127,625
Realized and unrealized (losses)/gains on the oil derivative instrument (26,001) 16,767
Statement of cash flows
Net debt repayments (243,513) (30,300)
Net debt receipts 129,454 — |
What was the change in net debt receipts between 2018 and 2019? | (in thousands of $) 2019 2018
Statement of income
Liquefaction services revenue 218,096 127,625
Realized and unrealized (losses)/gains on the oil derivative instrument (26,001) 16,767
Statement of cash flows
Net debt repayments (243,513) (30,300)
Net debt receipts 129,454 — |
What was the percentage change in liquefaction services revenue between 2018 and 2019? | (in thousands of $) 2019 2018
Statement of income
Liquefaction services revenue 218,096 127,625
Realized and unrealized (losses)/gains on the oil derivative instrument (26,001) 16,767
Statement of cash flows
Net debt repayments (243,513) (30,300)
Net debt receipts 129,454 — |
In 2018, net income includes what additional charges? | ** Includes charges of $2.0 billion in 2018 associated with U.S. tax reform. |
In 2019, results were impacted by which activity? | * 2019 results were impacted by Red Hat purchase accounting and acquisition-related activity. |
What was the U.S. tax reform charge in 2019? | ($ in millions except per share amounts)
For the year ended December 31:* 2019 2018 Yr.-to-Yr. Percent Change
Net income as reported $ 9,431 8,728* 8.1%
Income/(loss) from discontinued operations, net of tax (4) 5 NM
Income from continuing operations $ 9,435 8,723* 8.2%
Non-operating adjustments (net of tax)
Acquisition-related charges 1,343 649 107.0
Non-operating retirement-related costs/(income) 512 1,248 (58.9)
U.S. tax reform charge 146 2,037 (92.8)
Operating (non-GAAP) earnings $11,436 $12,657 (9.6)%
Diluted operating (non-GAAP) earnings per share $ 12.81 $ 13.81 (7.2)% |
What was the increase / (decrease) in Net income from 2018 to 2019? | ($ in millions except per share amounts)
For the year ended December 31:* 2019 2018 Yr.-to-Yr. Percent Change
Net income as reported $ 9,431 8,728* 8.1%
Income/(loss) from discontinued operations, net of tax (4) 5 NM
Income from continuing operations $ 9,435 8,723* 8.2%
Non-operating adjustments (net of tax)
Acquisition-related charges 1,343 649 107.0
Non-operating retirement-related costs/(income) 512 1,248 (58.9)
U.S. tax reform charge 146 2,037 (92.8)
Operating (non-GAAP) earnings $11,436 $12,657 (9.6)%
Diluted operating (non-GAAP) earnings per share $ 12.81 $ 13.81 (7.2)% |
What was the increase / (decrease) in Income from continuing operations from 2018 to 2019? | ($ in millions except per share amounts)
For the year ended December 31:* 2019 2018 Yr.-to-Yr. Percent Change
Net income as reported $ 9,431 8,728* 8.1%
Income/(loss) from discontinued operations, net of tax (4) 5 NM
Income from continuing operations $ 9,435 8,723* 8.2%
Non-operating adjustments (net of tax)
Acquisition-related charges 1,343 649 107.0
Non-operating retirement-related costs/(income) 512 1,248 (58.9)
U.S. tax reform charge 146 2,037 (92.8)
Operating (non-GAAP) earnings $11,436 $12,657 (9.6)%
Diluted operating (non-GAAP) earnings per share $ 12.81 $ 13.81 (7.2)% |
What was the increase / (decrease) in Operating (non-GAAP) earnings from continuing operations from 2018 to 2019? | ($ in millions except per share amounts)
For the year ended December 31:* 2019 2018 Yr.-to-Yr. Percent Change
Net income as reported $ 9,431 8,728* 8.1%
Income/(loss) from discontinued operations, net of tax (4) 5 NM
Income from continuing operations $ 9,435 8,723* 8.2%
Non-operating adjustments (net of tax)
Acquisition-related charges 1,343 649 107.0
Non-operating retirement-related costs/(income) 512 1,248 (58.9)
U.S. tax reform charge 146 2,037 (92.8)
Operating (non-GAAP) earnings $11,436 $12,657 (9.6)%
Diluted operating (non-GAAP) earnings per share $ 12.81 $ 13.81 (7.2)% |
How were the capital additions in 2019 split? | Capital additions include property, plant and equipment of £59.0m (2018: £33.5m), of which £8.1m (2018: £0.2m) was from acquisitions in the period, and other intangible assets of £72.0m (2018: £19.0m) of which £60.2m (2018: £9.1m) relates to acquired intangibles from acquisitions in the period. Right-of-use asset additions of £48.9m occurred during the 12 month period to 31st December 2019, of which £36.1m relates to additions on 1st January 2019 as a result of transition to IFRS 16, £11.7m relates to new leases entered into in 2019 and £1.1m from acquisitions. Capital additions split between the UK and rest of the world are UK £36.8m (2018: £20.1m) and rest of the world £143.1m (2018: £32.4m). |
What does capital additions include? | Capital additions include property, plant and equipment of £59.0m (2018: £33.5m), of which £8.1m (2018: £0.2m) was from acquisitions in the period, and other intangible assets of £72.0m (2018: £19.0m) of which £60.2m (2018: £9.1m) relates to acquired intangibles from acquisitions in the period. Right-of-use asset additions of £48.9m occurred during the 12 month period to 31st December 2019, of which £36.1m relates to additions on 1st January 2019 as a result of transition to IFRS 16, £11.7m relates to new leases entered into in 2019 and £1.1m from acquisitions. Capital additions split between the UK and rest of the world are UK £36.8m (2018: £20.1m) and rest of the world £143.1m (2018: £32.4m). |
What are the businesses considered in the table? | 2019 2019 2018 2018
Capital additions Depreciation, amortisation and impairment Capital additions Depreciation and amortisation
£m £m £m £m
Steam Specialties 57.7 35.8 27.9 30.1
Electric Thermal Solutions 81.6 18.4 6.0 13.6
Watson-Marlow 40.6 22.4 18.6 14.4
Group total 179.9 76.6 52.5 58.1 |
In which year was the amount of capital additions for Steam Specialties larger? | 2019 2019 2018 2018
Capital additions Depreciation, amortisation and impairment Capital additions Depreciation and amortisation
£m £m £m £m
Steam Specialties 57.7 35.8 27.9 30.1
Electric Thermal Solutions 81.6 18.4 6.0 13.6
Watson-Marlow 40.6 22.4 18.6 14.4
Group total 179.9 76.6 52.5 58.1 |
What was the amount of capital additions for the UK as a percentage of the group total in 2019? | 2019 2019 2018 2018
Capital additions Depreciation, amortisation and impairment Capital additions Depreciation and amortisation
£m £m £m £m
Steam Specialties 57.7 35.8 27.9 30.1
Electric Thermal Solutions 81.6 18.4 6.0 13.6
Watson-Marlow 40.6 22.4 18.6 14.4
Group total 179.9 76.6 52.5 58.1
Capital additions include property, plant and equipment of £59.0m (2018: £33.5m), of which £8.1m (2018: £0.2m) was from acquisitions in the period, and other intangible assets of £72.0m (2018: £19.0m) of which £60.2m (2018: £9.1m) relates to acquired intangibles from acquisitions in the period. Right-of-use asset additions of £48.9m occurred during the 12 month period to 31st December 2019, of which £36.1m relates to additions on 1st January 2019 as a result of transition to IFRS 16, £11.7m relates to new leases entered into in 2019 and £1.1m from acquisitions. Capital additions split between the UK and rest of the world are UK £36.8m (2018: £20.1m) and rest of the world £143.1m (2018: £32.4m). |
What was the percentage change in capital additions in 2019 from 2018 for Steam Specialties? | 2019 2019 2018 2018
Capital additions Depreciation, amortisation and impairment Capital additions Depreciation and amortisation
£m £m £m £m
Steam Specialties 57.7 35.8 27.9 30.1
Electric Thermal Solutions 81.6 18.4 6.0 13.6
Watson-Marlow 40.6 22.4 18.6 14.4
Group total 179.9 76.6 52.5 58.1 |
Why does Oracle not provide for taxes on other outside basis temporary differences of foreign subsidiaries? | We provide for taxes on the undistributed earnings of foreign subsidiaries. We do not provide for taxes on other outside basis temporary differences of foreign subsidiaries as they are considered indefinitely reinvested outside the U.S. At May 31, 2019, the amount of temporary differences related to other outside basis temporary differences of investments in foreign subsidiaries upon which U.S. income taxes have not been provided was approximately $7.9 billion. If the other outside basis differences were recognized in a taxable transaction, they would generate foreign tax credits that would reduce the federal tax liability associated with the foreign dividend or the otherwise taxable transaction. At May 31, 2019, assuming a full utilization of the foreign tax credits, the potential net deferred tax liability associated with these other outside basis temporary differences would be approximately $1.5 billion. |
What were the valuation allowances for 2019 related to? | The valuation allowance was $1.3 billion at each of May 31, 2019 and 2018. Substantially all of the valuation allowances as of May 31, 2019 and 2018 related to tax assets established in purchase accounting and other tax credits. Any subsequent reduction of that portion of the valuation allowance and the recognition of the associated tax benefits associated with our acquisitions will be recorded to our provision for income taxes subsequent to our final determination of the valuation allowance or the conclusion of the measurement period (as defined above), whichever comes first. |
What are the accruals and allowances for 2019? | May 31,
(in millions) 2019 2018
Deferred tax assets:
Accruals and allowances $541 $567
Employee compensation and benefits 646 664
Differences in timing of revenue recognition 322 338
Basis of property, plant and equipment and intangible assets 1,238 —
Tax credit and net operating loss carryforwards 3,717 2,614
Total deferred tax assets 6,464 4,183
Valuation allowance (1,266) (1,308)
Total deferred tax assets, net 5,198 2,875
Deferred tax liabilities:
Unrealized gain on stock (78) (78)
Acquired intangible assets (973) (1,254)
GILTI deferred (1,515) —
Basis of property, plant and equipment and intangible assets — (158)
Other (200) (48)
Total deferred tax liabilities (2,766) (1,538)
Net deferred tax assets $2,432 $1,337
recorded as:
Non-current deferred tax assets $2,696 $1,395
Non-current deferred tax liabilities (in other non-current liabilities) (264) (58)
Net deferred tax assets $2,432 $1,337 |
What is the total accruals and allowances for 2019 and 2018? | May 31,
(in millions) 2019 2018
Deferred tax assets:
Accruals and allowances $541 $567
Employee compensation and benefits 646 664
Differences in timing of revenue recognition 322 338
Basis of property, plant and equipment and intangible assets 1,238 —
Tax credit and net operating loss carryforwards 3,717 2,614
Total deferred tax assets 6,464 4,183
Valuation allowance (1,266) (1,308)
Total deferred tax assets, net 5,198 2,875
Deferred tax liabilities:
Unrealized gain on stock (78) (78)
Acquired intangible assets (973) (1,254)
GILTI deferred (1,515) —
Basis of property, plant and equipment and intangible assets — (158)
Other (200) (48)
Total deferred tax liabilities (2,766) (1,538)
Net deferred tax assets $2,432 $1,337
recorded as:
Non-current deferred tax assets $2,696 $1,395
Non-current deferred tax liabilities (in other non-current liabilities) (264) (58)
Net deferred tax assets $2,432 $1,337 |
What is the total employee compensation and benefits for 2019 and 2018? | May 31,
(in millions) 2019 2018
Deferred tax assets:
Accruals and allowances $541 $567
Employee compensation and benefits 646 664
Differences in timing of revenue recognition 322 338
Basis of property, plant and equipment and intangible assets 1,238 —
Tax credit and net operating loss carryforwards 3,717 2,614
Total deferred tax assets 6,464 4,183
Valuation allowance (1,266) (1,308)
Total deferred tax assets, net 5,198 2,875
Deferred tax liabilities:
Unrealized gain on stock (78) (78)
Acquired intangible assets (973) (1,254)
GILTI deferred (1,515) —
Basis of property, plant and equipment and intangible assets — (158)
Other (200) (48)
Total deferred tax liabilities (2,766) (1,538)
Net deferred tax assets $2,432 $1,337
recorded as:
Non-current deferred tax assets $2,696 $1,395
Non-current deferred tax liabilities (in other non-current liabilities) (264) (58)
Net deferred tax assets $2,432 $1,337 |
What was the % change in the net deferred tax assets from 2018 to 2019? | May 31,
(in millions) 2019 2018
Deferred tax assets:
Accruals and allowances $541 $567
Employee compensation and benefits 646 664
Differences in timing of revenue recognition 322 338
Basis of property, plant and equipment and intangible assets 1,238 —
Tax credit and net operating loss carryforwards 3,717 2,614
Total deferred tax assets 6,464 4,183
Valuation allowance (1,266) (1,308)
Total deferred tax assets, net 5,198 2,875
Deferred tax liabilities:
Unrealized gain on stock (78) (78)
Acquired intangible assets (973) (1,254)
GILTI deferred (1,515) —
Basis of property, plant and equipment and intangible assets — (158)
Other (200) (48)
Total deferred tax liabilities (2,766) (1,538)
Net deferred tax assets $2,432 $1,337
recorded as:
Non-current deferred tax assets $2,696 $1,395
Non-current deferred tax liabilities (in other non-current liabilities) (264) (58)
Net deferred tax assets $2,432 $1,337 |
How does the company account for interest and penalties related to uncertain tax positions? | The unrecognized tax benefits relate primarily to federal and state research and development credits and intercompany profit on the transfer of certain IP rights to one of the Company’s foreign subsidiaries as part of the Company’s tax reorganization completed in 2015. The Company’s policy is to account for interest and penalties related to uncertain tax positions as a component of income tax expense. As of December 31, 2019, the Company accrued interest or penalties related to uncertain tax positions in the amount of $25,000. As of December 31, 2019, the total amount of unrecognized tax benefits that would affect the Company’s effective tax rate, if recognized, is $97,000. |
What was the total amount of unrecognized tax benefits that would affect the Company’s effective tax rate as of December 31, 2019? | The unrecognized tax benefits relate primarily to federal and state research and development credits and intercompany profit on the transfer of certain IP rights to one of the Company’s foreign subsidiaries as part of the Company’s tax reorganization completed in 2015. The Company’s policy is to account for interest and penalties related to uncertain tax positions as a component of income tax expense. As of December 31, 2019, the Company accrued interest or penalties related to uncertain tax positions in the amount of $25,000. As of December 31, 2019, the total amount of unrecognized tax benefits that would affect the Company’s effective tax rate, if recognized, is $97,000. |
What was the Gross increases for tax positions of prior years in 2019, 2018 and 2017? | Years Ended December 31,
2019 2018 2017
Balance at beginning of year $4,611 $4,672 $6,232
Gross increases for tax positions of prior years 394 — —
Gross decreases for federal tax rate change for tax positions of prior years — — (1,670)
Gross increases for tax positions of current year 34 45 110
Lapse of statute of limitations (213) (106) —
Balance at end of year $4,826 4,611 4,672
The Company maintains liabilities for uncertain tax positions. These liabilities involve considerable judgment and estimation and are continuously monitored by management based on the best information available, including changes in tax regulations, the outcome of relevant court cases, and other information. A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows (in thousands): |
In which year was the Balance at beginning of year less than 5,000 thousands? | Years Ended December 31,
2019 2018 2017
Balance at beginning of year $4,611 $4,672 $6,232
Gross increases for tax positions of prior years 394 — —
Gross decreases for federal tax rate change for tax positions of prior years — — (1,670)
Gross increases for tax positions of current year 34 45 110
Lapse of statute of limitations (213) (106) —
Balance at end of year $4,826 4,611 4,672
The Company maintains liabilities for uncertain tax positions. These liabilities involve considerable judgment and estimation and are continuously monitored by management based on the best information available, including changes in tax regulations, the outcome of relevant court cases, and other information. A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows (in thousands): |
What was the change in the Gross increases for tax positions of prior years from 2018 to 2019? | Years Ended December 31,
2019 2018 2017
Balance at beginning of year $4,611 $4,672 $6,232
Gross increases for tax positions of prior years 394 — —
Gross decreases for federal tax rate change for tax positions of prior years — — (1,670)
Gross increases for tax positions of current year 34 45 110
Lapse of statute of limitations (213) (106) —
Balance at end of year $4,826 4,611 4,672
The Company maintains liabilities for uncertain tax positions. These liabilities involve considerable judgment and estimation and are continuously monitored by management based on the best information available, including changes in tax regulations, the outcome of relevant court cases, and other information. A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows (in thousands): |
What was the average Gross increases for tax positions of current year for 2017-2019? | Years Ended December 31,
2019 2018 2017
Balance at beginning of year $4,611 $4,672 $6,232
Gross increases for tax positions of prior years 394 — —
Gross decreases for federal tax rate change for tax positions of prior years — — (1,670)
Gross increases for tax positions of current year 34 45 110
Lapse of statute of limitations (213) (106) —
Balance at end of year $4,826 4,611 4,672
The Company maintains liabilities for uncertain tax positions. These liabilities involve considerable judgment and estimation and are continuously monitored by management based on the best information available, including changes in tax regulations, the outcome of relevant court cases, and other information. A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows (in thousands): |
What was the interest expense in 2018? | Interest income is related to the cash and cash equivalents held by the Company. Interest expense recorded in 2019, 2018 and 2017 included respectively a charge of $39 million, $38 million and $37 million on the senior unsecured convertible bonds issued in July 2017 and July 2014, of which respectively $37 million, $36 million and $33 million was a non-cash interest expense resulting from the accretion of the discount on the liability component. Net interest includes also charges related to the banking fees and the sale of trade and other receivables. |
What was the interest income in 2019? | No borrowing cost was capitalized in 2019, 2018 and 2017. Interest income on government bonds and floating rate notes classified as available-for-sale marketable securities amounted to $6 million for the year ended December 31, 2019, $6 million for the year ended December 31, 2018 and $6 million for the year ended December 31, 2017. |
What charges are included in Net interest? | Interest income is related to the cash and cash equivalents held by the Company. Interest expense recorded in 2019, 2018 and 2017 included respectively a charge of $39 million, $38 million and $37 million on the senior unsecured convertible bonds issued in July 2017 and July 2014, of which respectively $37 million, $36 million and $33 million was a non-cash interest expense resulting from the accretion of the discount on the liability component. Net interest includes also charges related to the banking fees and the sale of trade and other receivables. |
What is the average Income? | Year ended December 31, 2019 Year ended December 31, 2018 Year ended December 31, 2017
Income 55 47 30
Expense (54) (54) (52)
Total 1 (7) (22) |
What is the average Expense? | Year ended December 31, 2019 Year ended December 31, 2018 Year ended December 31, 2017
Income 55 47 30
Expense (54) (54) (52)
Total 1 (7) (22) |
What is the increase/ (decrease) in income from December 31, 2018 to 2019? | Year ended December 31, 2019 Year ended December 31, 2018 Year ended December 31, 2017
Income 55 47 30
Expense (54) (54) (52)
Total 1 (7) (22) |
What does the table show? | The following table summarizes our cash flow activities in fiscal 2019 compared to fiscal 2018. |
What is date of the end of fiscal 2018? | Our cash flow activities in fiscal 2018 compared to fiscal 2017 were discussed under Liquidity, Capital Resources and Cash Requirement in Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations included in our Annual Report on Form 10-K for the fiscal year ended March 30, 2018. |
What is the Net cash provided by operating activities in fiscal 2019? | Fiscal Year
(In millions) 2019 2018
Net cash provided by (used in):
Operating activities $1,495 $957
Investing activities $(241) $(21)
Financing activities $(1,209) $(3,475)
Increase (decrease) in cash and cash equivalents $17 $(2,473) |
What is the total Net cash provided by Operating activities for fiscal 2019 and 2018? | Fiscal Year
(In millions) 2019 2018
Net cash provided by (used in):
Operating activities $1,495 $957
Investing activities $(241) $(21)
Financing activities $(1,209) $(3,475)
Increase (decrease) in cash and cash equivalents $17 $(2,473) |
What is the average Net cash provided by for operating activities for fiscal 2019 and 2018? | Fiscal Year
(In millions) 2019 2018
Net cash provided by (used in):
Operating activities $1,495 $957
Investing activities $(241) $(21)
Financing activities $(1,209) $(3,475)
Increase (decrease) in cash and cash equivalents $17 $(2,473) |
What is the average Net cash used in for Financing activities for fiscal 2019 and 2018? | Fiscal Year
(In millions) 2019 2018
Net cash provided by (used in):
Operating activities $1,495 $957
Investing activities $(241) $(21)
Financing activities $(1,209) $(3,475)
Increase (decrease) in cash and cash equivalents $17 $(2,473) |
What were Short-term borrowings of $98.9 million at December 31, 2019 comprised of? | (1) Short-term borrowings of $98.9 million at December 31, 2019 were comprised of $89.0 million under our revolving credit facility and $9.9 million of short-term borrowings from various lines of credit. Short-term borrowings of $232.8 million at December 31, 2018 were comprised of $140.0 million under our revolving credit facility, $83.9 million under our European securitization program and $8.9 million of short-term borrowings from various lines of credit. |
What years are included for total debt outstanding? | December 31,
(In millions) 2019 2018
Short-term borrowings (1) $ 98.9 $ 232.8
Current portion of long-term debt(2) 16.7 4.9
Total current debt 115.6 237.7
Term Loan A due July 2022 474.6 —
Term Loan A due July 2023 218.2 222.2
6.50% Senior Notes due December 2020 — 424.0
4.875% Senior Notes due December 2022 421.9 421.1
5.25% Senior Notes due April 2023 422.0 421.2
4.50% Senior Notes due September 2023 445.6 454.9
5.125% Senior Notes due December 2024 421.9 421.3
5.50% Senior Notes due September 2025 397.4 397.1
4.00% Senior Notes due December 2027 420.4 —
6.875% Senior Notes due July 2033 445.7 445.5
Other(2) 30.9 29.2
Total long-term debt, less current portion(3) 3,698.6 3,236.5
Total debt(4) $ 3,814.2 $ 3,474.2
Our total debt outstanding consisted of the amounts set forth on the following table: |
What unit is used in the table? | December 31,
(In millions) 2019 2018
Short-term borrowings (1) $ 98.9 $ 232.8
Current portion of long-term debt(2) 16.7 4.9
Total current debt 115.6 237.7
Term Loan A due July 2022 474.6 —
Term Loan A due July 2023 218.2 222.2
6.50% Senior Notes due December 2020 — 424.0
4.875% Senior Notes due December 2022 421.9 421.1
5.25% Senior Notes due April 2023 422.0 421.2
4.50% Senior Notes due September 2023 445.6 454.9
5.125% Senior Notes due December 2024 421.9 421.3
5.50% Senior Notes due September 2025 397.4 397.1
4.00% Senior Notes due December 2027 420.4 —
6.875% Senior Notes due July 2033 445.7 445.5
Other(2) 30.9 29.2
Total long-term debt, less current portion(3) 3,698.6 3,236.5
Total debt(4) $ 3,814.2 $ 3,474.2 |
What is the total Term Loan A due as of December 31, 2019? | December 31,
(In millions) 2019 2018
Short-term borrowings (1) $ 98.9 $ 232.8
Current portion of long-term debt(2) 16.7 4.9
Total current debt 115.6 237.7
Term Loan A due July 2022 474.6 —
Term Loan A due July 2023 218.2 222.2
6.50% Senior Notes due December 2020 — 424.0
4.875% Senior Notes due December 2022 421.9 421.1
5.25% Senior Notes due April 2023 422.0 421.2
4.50% Senior Notes due September 2023 445.6 454.9
5.125% Senior Notes due December 2024 421.9 421.3
5.50% Senior Notes due September 2025 397.4 397.1
4.00% Senior Notes due December 2027 420.4 —
6.875% Senior Notes due July 2033 445.7 445.5
Other(2) 30.9 29.2
Total long-term debt, less current portion(3) 3,698.6 3,236.5
Total debt(4) $ 3,814.2 $ 3,474.2 |
What is the percentage of Total long-term debt, less current portion to Total debt as of December 31, 2019? | December 31,
(In millions) 2019 2018
Short-term borrowings (1) $ 98.9 $ 232.8
Current portion of long-term debt(2) 16.7 4.9
Total current debt 115.6 237.7
Term Loan A due July 2022 474.6 —
Term Loan A due July 2023 218.2 222.2
6.50% Senior Notes due December 2020 — 424.0
4.875% Senior Notes due December 2022 421.9 421.1
5.25% Senior Notes due April 2023 422.0 421.2
4.50% Senior Notes due September 2023 445.6 454.9
5.125% Senior Notes due December 2024 421.9 421.3
5.50% Senior Notes due September 2025 397.4 397.1
4.00% Senior Notes due December 2027 420.4 —
6.875% Senior Notes due July 2033 445.7 445.5
Other(2) 30.9 29.2
Total long-term debt, less current portion(3) 3,698.6 3,236.5
Total debt(4) $ 3,814.2 $ 3,474.2 |
What is the percentage increase between the Total Debt as of 31 December, 2018 to as of 31 December, 2019? | December 31,
(In millions) 2019 2018
Short-term borrowings (1) $ 98.9 $ 232.8
Current portion of long-term debt(2) 16.7 4.9
Total current debt 115.6 237.7
Term Loan A due July 2022 474.6 —
Term Loan A due July 2023 218.2 222.2
6.50% Senior Notes due December 2020 — 424.0
4.875% Senior Notes due December 2022 421.9 421.1
5.25% Senior Notes due April 2023 422.0 421.2
4.50% Senior Notes due September 2023 445.6 454.9
5.125% Senior Notes due December 2024 421.9 421.3
5.50% Senior Notes due September 2025 397.4 397.1
4.00% Senior Notes due December 2027 420.4 —
6.875% Senior Notes due July 2033 445.7 445.5
Other(2) 30.9 29.2
Total long-term debt, less current portion(3) 3,698.6 3,236.5
Total debt(4) $ 3,814.2 $ 3,474.2 |
What is the amount of employee stock purchase rights including accelerated stock-based compensation expense at the end of 2019? | Years Ended December 31,
2019 2018 2017
Stock-based compensation by type of award:
Stock options $648 $1,353 $2,705
Stock awards 14,882 10,445 11,421
Employee stock purchase rights(1) 999 5,240 3,077
Total $16,529 $17,038 $17,203
Stock-based compensation by category of expense:
Cost of revenue $1,500 $1,602 $1,362
Sales and marketing 5,765 5,667 6,075
Research and development 6,039 6,631 6,343
General and administrative 3,225 3,138 3,423
Total $16,529 $17,038 $17,203
A summary of our stock-based compensation expense is as follows (in thousands): |
What is the amount of employee stock purchase rights including accelerated stock-based compensation expense at the end of 2018? | Years Ended December 31,
2019 2018 2017
Stock-based compensation by type of award:
Stock options $648 $1,353 $2,705
Stock awards 14,882 10,445 11,421
Employee stock purchase rights(1) 999 5,240 3,077
Total $16,529 $17,038 $17,203
Stock-based compensation by category of expense:
Cost of revenue $1,500 $1,602 $1,362
Sales and marketing 5,765 5,667 6,075
Research and development 6,039 6,631 6,343
General and administrative 3,225 3,138 3,423
Total $16,529 $17,038 $17,203
(1) Amount for the year ended December 31, 2018 includes $4.1 million of accelerated stock-based compensation expense. In March 2018, as
a result of a suspension of the 2014 Purchase Plan due to our non-timely filing status, all unrecognized stock-based compensation expense
related to ESPP under the 2014 Purchase Plan was accelerated and recognized within the consolidated statement of operations. |
What is the amount of employee stock purchase rights including accelerated stock-based compensation expense at the end of 2017? | Years Ended December 31,
2019 2018 2017
Stock-based compensation by type of award:
Stock options $648 $1,353 $2,705
Stock awards 14,882 10,445 11,421
Employee stock purchase rights(1) 999 5,240 3,077
Total $16,529 $17,038 $17,203
Stock-based compensation by category of expense:
Cost of revenue $1,500 $1,602 $1,362
Sales and marketing 5,765 5,667 6,075
Research and development 6,039 6,631 6,343
General and administrative 3,225 3,138 3,423
Total $16,529 $17,038 $17,203
A summary of our stock-based compensation expense is as follows (in thousands): |
What is the percentage change in total stock base compensation by type of award between 2018 and 2019? | Years Ended December 31,
2019 2018 2017
Stock-based compensation by type of award:
Stock options $648 $1,353 $2,705
Stock awards 14,882 10,445 11,421
Employee stock purchase rights(1) 999 5,240 3,077
Total $16,529 $17,038 $17,203
Stock-based compensation by category of expense:
Cost of revenue $1,500 $1,602 $1,362
Sales and marketing 5,765 5,667 6,075
Research and development 6,039 6,631 6,343
General and administrative 3,225 3,138 3,423
Total $16,529 $17,038 $17,203 |
What is the total stock based compensation amount between 2017 to 2019? | Years Ended December 31,
2019 2018 2017
Stock-based compensation by type of award:
Stock options $648 $1,353 $2,705
Stock awards 14,882 10,445 11,421
Employee stock purchase rights(1) 999 5,240 3,077
Total $16,529 $17,038 $17,203
Stock-based compensation by category of expense:
Cost of revenue $1,500 $1,602 $1,362
Sales and marketing 5,765 5,667 6,075
Research and development 6,039 6,631 6,343
General and administrative 3,225 3,138 3,423
Total $16,529 $17,038 $17,203 |
What is the percentage change in stock based compensation on sales and marketing between 2018 and 2019? | Years Ended December 31,
2019 2018 2017
Stock-based compensation by type of award:
Stock options $648 $1,353 $2,705
Stock awards 14,882 10,445 11,421
Employee stock purchase rights(1) 999 5,240 3,077
Total $16,529 $17,038 $17,203
Stock-based compensation by category of expense:
Cost of revenue $1,500 $1,602 $1,362
Sales and marketing 5,765 5,667 6,075
Research and development 6,039 6,631 6,343
General and administrative 3,225 3,138 3,423
Total $16,529 $17,038 $17,203 |
What is the total revenues from Asia Pacific in 2019 and 2018 respectively? | Year Ended December 31,
2019 2018
Asia Pacific
Travel $6,274 $7,351
Local 216 508
Total Asia Pacific revenues 6,490 7,859
Europe
Travel 32,081 30,856
Local 4,817 5,293
Total Europe revenues 36,898 36,149
North America
Travel 57,863 56,145
Local 10,161 11,169
Total North America revenues 68,024 67,314
Consolidated
Travel 96,218 94,352
Local 15,194 16,970
Total revenues $111,412 $111,322
The following table sets forth the breakdown of revenues (in thousands) by category and segment. Travel revenue includes travel publications (Top 20, Website, Newsflash, Travelzoo Network), Getaways vouchers, and hotel platform and vacation packages. Local revenue includes Local Deals vouchers and entertainment offers (vouchers and direct bookings). |
What is the total revenues from Europe in 2019 and 2018 respectively? | Year Ended December 31,
2019 2018
Asia Pacific
Travel $6,274 $7,351
Local 216 508
Total Asia Pacific revenues 6,490 7,859
Europe
Travel 32,081 30,856
Local 4,817 5,293
Total Europe revenues 36,898 36,149
North America
Travel 57,863 56,145
Local 10,161 11,169
Total North America revenues 68,024 67,314
Consolidated
Travel 96,218 94,352
Local 15,194 16,970
Total revenues $111,412 $111,322
The following table sets forth the breakdown of revenues (in thousands) by category and segment. Travel revenue includes travel publications (Top 20, Website, Newsflash, Travelzoo Network), Getaways vouchers, and hotel platform and vacation packages. Local revenue includes Local Deals vouchers and entertainment offers (vouchers and direct bookings). |
What is the total revenues from North America in 2019 and 2018 respectively? | Year Ended December 31,
2019 2018
Asia Pacific
Travel $6,274 $7,351
Local 216 508
Total Asia Pacific revenues 6,490 7,859
Europe
Travel 32,081 30,856
Local 4,817 5,293
Total Europe revenues 36,898 36,149
North America
Travel 57,863 56,145
Local 10,161 11,169
Total North America revenues 68,024 67,314
Consolidated
Travel 96,218 94,352
Local 15,194 16,970
Total revenues $111,412 $111,322
The following table sets forth the breakdown of revenues (in thousands) by category and segment. Travel revenue includes travel publications (Top 20, Website, Newsflash, Travelzoo Network), Getaways vouchers, and hotel platform and vacation packages. Local revenue includes Local Deals vouchers and entertainment offers (vouchers and direct bookings). |
In 2019, how many geographic regions have total revenues of more than $5,000 thousand? | Year Ended December 31,
2019 2018
Asia Pacific
Travel $6,274 $7,351
Local 216 508
Total Asia Pacific revenues 6,490 7,859
Europe
Travel 32,081 30,856
Local 4,817 5,293
Total Europe revenues 36,898 36,149
North America
Travel 57,863 56,145
Local 10,161 11,169
Total North America revenues 68,024 67,314
Consolidated
Travel 96,218 94,352
Local 15,194 16,970
Total revenues $111,412 $111,322
The following table sets forth the breakdown of revenues (in thousands) by category and segment. Travel revenue includes travel publications (Top 20, Website, Newsflash, Travelzoo Network), Getaways vouchers, and hotel platform and vacation packages. Local revenue includes Local Deals vouchers and entertainment offers (vouchers and direct bookings). |
What is the change in the total North America revenue between 2018 and 2019? | Year Ended December 31,
2019 2018
Asia Pacific
Travel $6,274 $7,351
Local 216 508
Total Asia Pacific revenues 6,490 7,859
Europe
Travel 32,081 30,856
Local 4,817 5,293
Total Europe revenues 36,898 36,149
North America
Travel 57,863 56,145
Local 10,161 11,169
Total North America revenues 68,024 67,314
Consolidated
Travel 96,218 94,352
Local 15,194 16,970
Total revenues $111,412 $111,322
The following table sets forth the breakdown of revenues (in thousands) by category and segment. Travel revenue includes travel publications (Top 20, Website, Newsflash, Travelzoo Network), Getaways vouchers, and hotel platform and vacation packages. Local revenue includes Local Deals vouchers and entertainment offers (vouchers and direct bookings). |
In 2018, which geographic region has the highest total revenue? | Year Ended December 31,
2019 2018
Asia Pacific
Travel $6,274 $7,351
Local 216 508
Total Asia Pacific revenues 6,490 7,859
Europe
Travel 32,081 30,856
Local 4,817 5,293
Total Europe revenues 36,898 36,149
North America
Travel 57,863 56,145
Local 10,161 11,169
Total North America revenues 68,024 67,314
Consolidated
Travel 96,218 94,352
Local 15,194 16,970
Total revenues $111,412 $111,322
The following table sets forth the breakdown of revenues (in thousands) by category and segment. Travel revenue includes travel publications (Top 20, Website, Newsflash, Travelzoo Network), Getaways vouchers, and hotel platform and vacation packages. Local revenue includes Local Deals vouchers and entertainment offers (vouchers and direct bookings). |
What was the adjusted EBITDA in 2019? | Year Ended December 31,
2019 2018 2017 2016 2015
Other Financial and Operating Data:
SaaS and license revenue renewal rate(3) 94% 93% 93% 94% 93%
Adjusted EBITDA(4) $108,307 $93,081 $71,628 $49,034 $34,370
The selected consolidated statements of operations data for the years ended December 31, 2019, 2018 and 2017 and the selected consolidated balance sheet data as of December 31, 2019 and 2018 are derived from our audited consolidated financial statements included elsewhere in this Annual Report. The selected consolidated statements of operations data for the years ended December 31, 2016 and 2015 and the selected consolidated balance sheet data as of December 31, 2017, 2016 and 2015 are derived from our audited consolidated financial statements not included in this Annual Report. Our historical results are not necessarily indicative of the results to be expected in the future. The selected financial data should be read together with Item 7. "Management’s Discussion and Analysis of Financial Condition and Results of Operations" and in conjunction with our consolidated financial statements, related notes, and other financial information included elsewhere in this Annual Report. The following tables set forth our selected consolidated financial and other data for the years ended and as of December 31, 2019, 2018, 2017, 2016 and 2015 (in thousands, except share and per share data). |
What was the SaaS and license revenue renewal rate in 2018? | Year Ended December 31,
2019 2018 2017 2016 2015
Other Financial and Operating Data:
SaaS and license revenue renewal rate(3) 94% 93% 93% 94% 93%
Adjusted EBITDA(4) $108,307 $93,081 $71,628 $49,034 $34,370 |
Which years does the table provide data for adjusted EBITDA for? | Year Ended December 31,
2019 2018 2017 2016 2015
Other Financial and Operating Data:
SaaS and license revenue renewal rate(3) 94% 93% 93% 94% 93%
Adjusted EBITDA(4) $108,307 $93,081 $71,628 $49,034 $34,370
The selected consolidated statements of operations data for the years ended December 31, 2019, 2018 and 2017 and the selected consolidated balance sheet data as of December 31, 2019 and 2018 are derived from our audited consolidated financial statements included elsewhere in this Annual Report. The selected consolidated statements of operations data for the years ended December 31, 2016 and 2015 and the selected consolidated balance sheet data as of December 31, 2017, 2016 and 2015 are derived from our audited consolidated financial statements not included in this Annual Report. Our historical results are not necessarily indicative of the results to be expected in the future. The selected financial data should be read together with Item 7. "Management’s Discussion and Analysis of Financial Condition and Results of Operations" and in conjunction with our consolidated financial statements, related notes, and other financial information included elsewhere in this Annual Report. The following tables set forth our selected consolidated financial and other data for the years ended and as of December 31, 2019, 2018, 2017, 2016 and 2015 (in thousands, except share and per share data). |
How many years did the adjusted EBITDA exceed $50,000 thousand? | Year Ended December 31,
2019 2018 2017 2016 2015
Other Financial and Operating Data:
SaaS and license revenue renewal rate(3) 94% 93% 93% 94% 93%
Adjusted EBITDA(4) $108,307 $93,081 $71,628 $49,034 $34,370
The selected consolidated statements of operations data for the years ended December 31, 2019, 2018 and 2017 and the selected consolidated balance sheet data as of December 31, 2019 and 2018 are derived from our audited consolidated financial statements included elsewhere in this Annual Report. The selected consolidated statements of operations data for the years ended December 31, 2016 and 2015 and the selected consolidated balance sheet data as of December 31, 2017, 2016 and 2015 are derived from our audited consolidated financial statements not included in this Annual Report. Our historical results are not necessarily indicative of the results to be expected in the future. The selected financial data should be read together with Item 7. "Management’s Discussion and Analysis of Financial Condition and Results of Operations" and in conjunction with our consolidated financial statements, related notes, and other financial information included elsewhere in this Annual Report. The following tables set forth our selected consolidated financial and other data for the years ended and as of December 31, 2019, 2018, 2017, 2016 and 2015 (in thousands, except share and per share data). |
What was the change in the SaaS and license revenue renewal rate between 2018 and 2019? | Year Ended December 31,
2019 2018 2017 2016 2015
Other Financial and Operating Data:
SaaS and license revenue renewal rate(3) 94% 93% 93% 94% 93%
Adjusted EBITDA(4) $108,307 $93,081 $71,628 $49,034 $34,370 |
What was the percentage change in adjusted EBITDA between 2018 and 2019? | Year Ended December 31,
2019 2018 2017 2016 2015
Other Financial and Operating Data:
SaaS and license revenue renewal rate(3) 94% 93% 93% 94% 93%
Adjusted EBITDA(4) $108,307 $93,081 $71,628 $49,034 $34,370 |
Which years does the table provide information for the changes in the carrying amount of goodwill? | January 31, 2020 February 1, 2019
Balance, beginning of the year $7,418 $6,660
Increase in goodwill related to business combinations 1,911 784
Other adjustment — (26)
Balance, end of the year $9,329 $7,418
The following table summarizes the changes in the carrying amount of goodwill during the periods presented (table in millions): |
What was the increase in goodwill related to business combinations in 2019? | January 31, 2020 February 1, 2019
Balance, beginning of the year $7,418 $6,660
Increase in goodwill related to business combinations 1,911 784
Other adjustment — (26)
Balance, end of the year $9,329 $7,418
The following table summarizes the changes in the carrying amount of goodwill during the periods presented (table in millions): |
What was the balance at the end of the year in 2020? | January 31, 2020 February 1, 2019
Balance, beginning of the year $7,418 $6,660
Increase in goodwill related to business combinations 1,911 784
Other adjustment — (26)
Balance, end of the year $9,329 $7,418
The following table summarizes the changes in the carrying amount of goodwill during the periods presented (table in millions): |
What was the change in the Increase in goodwill related to business combinations between 2019 and 2020? | January 31, 2020 February 1, 2019
Balance, beginning of the year $7,418 $6,660
Increase in goodwill related to business combinations 1,911 784
Other adjustment — (26)
Balance, end of the year $9,329 $7,418
The following table summarizes the changes in the carrying amount of goodwill during the periods presented (table in millions): |
What was the change in balance at the beginning of the year between 2019 and 2020? | January 31, 2020 February 1, 2019
Balance, beginning of the year $7,418 $6,660
Increase in goodwill related to business combinations 1,911 784
Other adjustment — (26)
Balance, end of the year $9,329 $7,418
The following table summarizes the changes in the carrying amount of goodwill during the periods presented (table in millions): |
What was the percentage change in the balance at the end of the year between 2019 and 2020? | January 31, 2020 February 1, 2019
Balance, beginning of the year $7,418 $6,660
Increase in goodwill related to business combinations 1,911 784
Other adjustment — (26)
Balance, end of the year $9,329 $7,418
The following table summarizes the changes in the carrying amount of goodwill during the periods presented (table in millions): |
How did the company obtain the high and low bid prices for each quarter? | (1) The high and low bid prices for this quarter were reported by the OTCQB marketplace. There was negligible trading volume during this period. |
What is the company's common stock traded as on the OTCQB? | Our common stock is currently available for trading in the over-the-counter market and is quoted on the OTCQB under the symbol “PTIX.” There has been very limited market for our common stock and trading volume has been negligible. There is no guarantee that an active trading market will develop in our common stock |
What was symbol of the company's common stock quoted on the OTC Pink quoted as prior to July 27, 2016? | Our common stock was quoted on the OTC Pink under the symbol “ATRN” prior to July 27, 2016 and then under the symbol “PTIX” between July 27, 2016 and
October 16, 2016. Commencing on October 17, 2016, our common stock is quoted in the OTCQB under the symbol “PTIX”. The following table sets forth, for the periods
indicated and as reported on the OTC Markets, the high and low bid prices for our common stock. Such quotations reflect inter-dealer prices, without retail mark-up, markdown
or commission and may not necessarily represent actual transactions. |
What is the difference between the highest and lowest bid price in 2018? | High Low
2018(1)
First Quarter (1) $2.20 $1.76
Second Quarter (1) $1.76 $1.76
Third Quarter (1) $2.50 $1.25
Fourth Quarter (1) $2.00 $1.99
2019(1)
First Quarter (1) $2.30 $2.00
Second Quarter (1) $2.00 $1.50
Third Quarter (1) $1.50 $1.40
Fourth Quarter (1) $3.80 $1.40 |
What is the difference between the highest and lowest bid price in 2019? | High Low
2018(1)
First Quarter (1) $2.20 $1.76
Second Quarter (1) $1.76 $1.76
Third Quarter (1) $2.50 $1.25
Fourth Quarter (1) $2.00 $1.99
2019(1)
First Quarter (1) $2.30 $2.00
Second Quarter (1) $2.00 $1.50
Third Quarter (1) $1.50 $1.40
Fourth Quarter (1) $3.80 $1.40 |
What is the low bid price in the second quarter of 2019 as a percentage of the high bid price in the same period? | High Low
2018(1)
First Quarter (1) $2.20 $1.76
Second Quarter (1) $1.76 $1.76
Third Quarter (1) $2.50 $1.25
Fourth Quarter (1) $2.00 $1.99
2019(1)
First Quarter (1) $2.30 $2.00
Second Quarter (1) $2.00 $1.50
Third Quarter (1) $1.50 $1.40
Fourth Quarter (1) $3.80 $1.40 |
When did Atlantic Broadband, completed the acquisition of the south Florida fibre network? | On October 3, 2018, the Corporation's subsidiary, Atlantic Broadband, completed the acquisition of the south Florida fibre network previously owned by FiberLight, LLC. The transaction, combined with the dark fibers acquired from FiberLight in the second quarter of fiscal 2018, added 350 route miles to Atlantic Broadband’s existing south Florida footprint. |
Which company previously owned South Florida fibre network? | On October 3, 2018, the Corporation's subsidiary, Atlantic Broadband, completed the acquisition of the south Florida fibre network previously owned by FiberLight, LLC. The transaction, combined with the dark fibers acquired from FiberLight in the second quarter of fiscal 2018, added 350 route miles to Atlantic Broadband’s existing south Florida footprint. |
Which company was acquired by Atlantic Broadband in 2018? | On October 3, 2018, the Corporation's subsidiary, Atlantic Broadband, completed the acquisition of the south Florida fibre network previously owned by FiberLight, LLC. The transaction, combined with the dark fibers acquired from FiberLight in the second quarter of fiscal 2018, added 350 route miles to Atlantic Broadband’s existing south Florida footprint. |
What is the increase/ (decrease) in Trade and other receivables from Preliminary, November 30, 2018 to Final August 31, 2019? | Final Preliminary
August 31, 2019 November 30, 2018
(In thousands of Canadian dollars) $ $
Purchase price
Consideration paid at closing 38,876 38,876
Balance due on business combinations 5,005 5,005
43,881 43,881
Net assets acquired
Trade and other receivables 1,308 1,743
Prepaid expenses and other 335 335
Property, plant and equipment 28,785 45,769
Intangible assets 3,978 —
Goodwill 11,093 —
Trade and other payables assumed (644) (644)
Contract liabilities and other liabilities assumed (974) (3,322)
43,881 43,881 |
What is the increase/ (decrease) in Property, plant and equipment from Preliminary, November 30, 2018 to Final August 31, 2019? | Final Preliminary
August 31, 2019 November 30, 2018
(In thousands of Canadian dollars) $ $
Purchase price
Consideration paid at closing 38,876 38,876
Balance due on business combinations 5,005 5,005
43,881 43,881
Net assets acquired
Trade and other receivables 1,308 1,743
Prepaid expenses and other 335 335
Property, plant and equipment 28,785 45,769
Intangible assets 3,978 —
Goodwill 11,093 —
Trade and other payables assumed (644) (644)
Contract liabilities and other liabilities assumed (974) (3,322)
43,881 43,881 |
What is the increase/ (decrease) in Contract liabilities and other liabilities assumed from Preliminary, November 30, 2018 to Final August 31, 2019? | Final Preliminary
August 31, 2019 November 30, 2018
(In thousands of Canadian dollars) $ $
Purchase price
Consideration paid at closing 38,876 38,876
Balance due on business combinations 5,005 5,005
43,881 43,881
Net assets acquired
Trade and other receivables 1,308 1,743
Prepaid expenses and other 335 335
Property, plant and equipment 28,785 45,769
Intangible assets 3,978 —
Goodwill 11,093 —
Trade and other payables assumed (644) (644)
Contract liabilities and other liabilities assumed (974) (3,322)
43,881 43,881 |
What does the company's contract assets consist of? | Our contract assets consist of capitalized commission costs and upfront payments made to customers. The current portion of capitalized commission costs and upfront payments made to customers are included in other current assets within our consolidated balance sheets. The non-current portion of capitalized commission costs and upfront payments made to customers are reflected in other assets within our consolidated balance sheets. Our amortization of contract assets during the years ended December 31, 2019 and 2018 were $2.4 million and $2.0 million, respectively. There were no amortized commission costs during the year ended December 31, 2017. |
Where does the company include the non-current portion of capitalized commission costs and upfront payments made to customers in their consolidated balance sheets? | Our contract assets consist of capitalized commission costs and upfront payments made to customers. The current portion of capitalized commission costs and upfront payments made to customers are included in other current assets within our consolidated balance sheets. The non-current portion of capitalized commission costs and upfront payments made to customers are reflected in other assets within our consolidated balance sheets. Our amortization of contract assets during the years ended December 31, 2019 and 2018 were $2.4 million and $2.0 million, respectively. There were no amortized commission costs during the year ended December 31, 2017. |
What was the Commission costs and upfront payments to a customer capitalized in period in 2019? | Year Ended December 31,
2019 2018
Beginning of period balance $2,881 $—
Commission costs and upfront payments to a customer capitalized in period 4,141 4,864
Amortization of contract assets (2,444) (1,983)
End of period balance $4,578 $2,881
The changes in our contract assets are as follows (in thousands): |
What was the change between the beginning of period balance and end of period balance in 2019? | Year Ended December 31,
2019 2018
Beginning of period balance $2,881 $—
Commission costs and upfront payments to a customer capitalized in period 4,141 4,864
Amortization of contract assets (2,444) (1,983)
End of period balance $4,578 $2,881
The changes in our contract assets are as follows (in thousands): |
How many years did Commission costs and upfront payments to a customer capitalized in period exceed $4,500 thousand? | Year Ended December 31,
2019 2018
Beginning of period balance $2,881 $—
Commission costs and upfront payments to a customer capitalized in period 4,141 4,864
Amortization of contract assets (2,444) (1,983)
End of period balance $4,578 $2,881
The changes in our contract assets are as follows (in thousands): |
What was the percentage change in the Amortization of contract assets between 2018 and 2019? | Year Ended December 31,
2019 2018
Beginning of period balance $2,881 $—
Commission costs and upfront payments to a customer capitalized in period 4,141 4,864
Amortization of contract assets (2,444) (1,983)
End of period balance $4,578 $2,881 |
What were the company's unsecured bank loans in 2019? | As of December 31,
2018 2019
NT$(In Thousands) NT$(In Thousands)
Unsecured bank loans $7,780,552 $8,080,200
Unsecured other loans 5,323,256 3,935,006
Total $13,103,808 $12,015,206 |
How much was Company’s unused short-term lines of credit as of December 31, 2018? | 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. |
How much was Company’s unused short-term lines of credit as of December 31, 2019? | The Company’s unused short-term lines of credit amounted to NT$77,658 million and NT$64,169 million as of December 31, 2018 and 2019, respectively. |
What is the total Unsecured bank loans? | As of December 31,
2018 2019
NT$(In Thousands) NT$(In Thousands)
Unsecured bank loans $7,780,552 $8,080,200
Unsecured other loans 5,323,256 3,935,006
Total $13,103,808 $12,015,206 |
What is the total Unsecured other loans? | As of December 31,
2018 2019
NT$(In Thousands) NT$(In Thousands)
Unsecured bank loans $7,780,552 $8,080,200
Unsecured other loans 5,323,256 3,935,006
Total $13,103,808 $12,015,206 |
What is the average Unsecured other loans? | As of December 31,
2018 2019
NT$(In Thousands) NT$(In Thousands)
Unsecured bank loans $7,780,552 $8,080,200
Unsecured other loans 5,323,256 3,935,006
Total $13,103,808 $12,015,206 |
How much was the payables to equity-method investments as of December 31, 2018? | As of December 31, 2019, payables to equity-method investments was nil compared to $49 million as of December 31, 2018, as a result of the wind-down of the joint venture with Ericsson. |
What was the new guideline adopted by the company on January 1, 2019? | On January 1, 2019, the Company adopted the new guidance on lease accounting and the current portion of the lease obligation is now included in other payables and accrued liabilities. The impact of the adoption of this new guidance is further described in Note 11. |
How much was the payables to equity-method investments as of December 31, 2019? | As of December 31, 2019, payables to equity-method investments was nil compared to $49 million as of December 31, 2018, as a result of the wind-down of the joint venture with Ericsson. |
What is the average Employee related liabilities? | December 31, 2019 December 31, 2018
Employee related liabilities 375 384
Employee compensated absences 138 125
Taxes other than income taxes 53 60
Advances 63 77
Payables to equity-method investments — 49
Derivative instruments 7 34
Provision for restructuring 10 22
Defined benefit plans – current portion 10 12
Defined contribution plans – accrued benefits 20 18
Other long-term benefits – current portion 7 6
Royalties 21 26
Current lease obligation 55 —
Deferred consideration for business combinations 10 —
Others 62 61
Total 831 874 |
End of preview. Expand
in Dataset Viewer.
README.md exists but content is empty.
- Downloads last month
- 0