question
stringlengths 13
239
| context
stringlengths 16
14.1k
|
|---|---|
What is the average net revenue for fiscal 2018 and fiscal 2017? | Fiscal Year Variance in
(In millions, except for percentages) 2018 2017 Dollars Percent
Net revenues $2,554 $2,355 $199 8%
Percentage of total net revenues 53% 59%
Operating income $473 $187 $286 153%
Operating margin 19% 8% |
What is the average Operating income for fiscal 2018 and 2017? | Fiscal Year Variance in
(In millions, except for percentages) 2018 2017 Dollars Percent
Net revenues $2,554 $2,355 $199 8%
Percentage of total net revenues 53% 59%
Operating income $473 $187 $286 153%
Operating margin 19% 8% |
Why is the tax rate likely to stabilize over the medium-term? | Over the medium-term the tax rate is likely to stabilise as the integration of acquisitions in higher rate jurisdictions are completed. However, the tax rate may fluctuate if business changes are implemented in response to legislation arising from the OECD’s Base Erosion & Profit Shifting Project. Legislative change in key territories is being monitored and acted upon. |
In what situations can the tax rate fluctuate? | Over the medium-term the tax rate is likely to stabilise as the integration of acquisitions in higher rate jurisdictions are completed. However, the tax rate may fluctuate if business changes are implemented in response to legislation arising from the OECD’s Base Erosion & Profit Shifting Project. Legislative change in key territories is being monitored and acted upon. |
What are the components are related to the Deferred income tax liabilities? | 31 March 2019 31 March 2018 Restated See note 2
$M $M
Deferred income tax assets in relation to:
Deferred revenue 40.9 40.0
Tax value of carry forward losses of UK subsidiaries 37.0 24.2
Tax value of carry forward losses of overseas subsidiaries 6.2 6.4
Advanced capital allowances 7.5 7.7
Share-based payments 11.6 27.7
Other temporary differences 11.8 14.7
Total 115.0 120.7
Deferred income tax liabilities in relation to:
Intangible assets 6.1 5.9
Deferred selling cost 8.5 8.5
Other temporary differences - 0.1
Total 14.6 14.5
Deferred tax assets and liabilities are attributable to the following: |
In which year was the total deferred tax assets larger? | 31 March 2019 31 March 2018 Restated See note 2
$M $M
Deferred income tax assets in relation to:
Deferred revenue 40.9 40.0
Tax value of carry forward losses of UK subsidiaries 37.0 24.2
Tax value of carry forward losses of overseas subsidiaries 6.2 6.4
Advanced capital allowances 7.5 7.7
Share-based payments 11.6 27.7
Other temporary differences 11.8 14.7
Total 115.0 120.7
Deferred income tax liabilities in relation to:
Intangible assets 6.1 5.9
Deferred selling cost 8.5 8.5
Other temporary differences - 0.1
Total 14.6 14.5 |
What was the change in deferred value in 2019 from 2018? | 31 March 2019 31 March 2018 Restated See note 2
$M $M
Deferred income tax assets in relation to:
Deferred revenue 40.9 40.0
Tax value of carry forward losses of UK subsidiaries 37.0 24.2
Tax value of carry forward losses of overseas subsidiaries 6.2 6.4
Advanced capital allowances 7.5 7.7
Share-based payments 11.6 27.7
Other temporary differences 11.8 14.7
Total 115.0 120.7
Deferred income tax liabilities in relation to:
Intangible assets 6.1 5.9
Deferred selling cost 8.5 8.5
Other temporary differences - 0.1
Total 14.6 14.5 |
What was the percentage change in deferred value in 2019 from 2018? | 31 March 2019 31 March 2018 Restated See note 2
$M $M
Deferred income tax assets in relation to:
Deferred revenue 40.9 40.0
Tax value of carry forward losses of UK subsidiaries 37.0 24.2
Tax value of carry forward losses of overseas subsidiaries 6.2 6.4
Advanced capital allowances 7.5 7.7
Share-based payments 11.6 27.7
Other temporary differences 11.8 14.7
Total 115.0 120.7
Deferred income tax liabilities in relation to:
Intangible assets 6.1 5.9
Deferred selling cost 8.5 8.5
Other temporary differences - 0.1
Total 14.6 14.5 |
Which model is used for estimating the fair value of SSARs? | We use a Black-Scholes-Merton option pricing model to estimate the fair value of SSARs. The following table summarizes the principal assumptions utilized in valuing SSARs granted in fiscal 2019, 2018 and 2017: |
What was the risk free interest rate in 2019? | 2019 2018 2017
Risk-free interest rate 2.68% 1.74%-1.94% 0.94%-2.14%
Expected life (in years) 5 5 5
Expected volatility 32.42% 32.42% - 32.84% 35.25%-40.22%
Weighted average grant date fair value $4.72 $3.36 $3.69 |
What was the risk free interest rate in 2018? | 2019 2018 2017
Risk-free interest rate 2.68% 1.74%-1.94% 0.94%-2.14%
Expected life (in years) 5 5 5
Expected volatility 32.42% 32.42% - 32.84% 35.25%-40.22%
Weighted average grant date fair value $4.72 $3.36 $3.69 |
What is the average year-on-year change in Weighted average grant date fair value from 2017 to 2019? | 2019 2018 2017
Risk-free interest rate 2.68% 1.74%-1.94% 0.94%-2.14%
Expected life (in years) 5 5 5
Expected volatility 32.42% 32.42% - 32.84% 35.25%-40.22%
Weighted average grant date fair value $4.72 $3.36 $3.69 |
What was the percentage increase / (decrease) in Weighted average grant date fair value from 2018 to 2019? | 2019 2018 2017
Risk-free interest rate 2.68% 1.74%-1.94% 0.94%-2.14%
Expected life (in years) 5 5 5
Expected volatility 32.42% 32.42% - 32.84% 35.25%-40.22%
Weighted average grant date fair value $4.72 $3.36 $3.69 |
What was the increase / (decrease) in the Weighted average grant date fair value from 2018 to 2019? | 2019 2018 2017
Risk-free interest rate 2.68% 1.74%-1.94% 0.94%-2.14%
Expected life (in years) 5 5 5
Expected volatility 32.42% 32.42% - 32.84% 35.25%-40.22%
Weighted average grant date fair value $4.72 $3.36 $3.69 |
Which years does the table provide information for activity related to the purchase rights issued under the ESPP? | Year Ended
April 26, 2019 April 27, 2018 April 28, 2017
Shares issued under the ESPP 3 4 4
Proceeds from issuance of shares $ 96 $ 85 $ 80
Eligible employees are offered shares through a 24-month offering period, which consists of four consecutive 6-month purchase periods. Employees may purchase a limited number of shares of the Company’s stock at a discount of up to 15% of the lesser of the market value at the beginning of the offering period or the end of each 6-month purchase period. On September 13, 2018, the ESPP was amended to increase the shares reserved for issuance by 2 million shares of common stock. As of April 26, 2019, 7 million shares were available for issuance. The following table summarizes activity related to the purchase rights issued under the ESPP (in millions): |
What were the shares issued under the ESPP in 2019? | Year Ended
April 26, 2019 April 27, 2018 April 28, 2017
Shares issued under the ESPP 3 4 4
Proceeds from issuance of shares $ 96 $ 85 $ 80
Eligible employees are offered shares through a 24-month offering period, which consists of four consecutive 6-month purchase periods. Employees may purchase a limited number of shares of the Company’s stock at a discount of up to 15% of the lesser of the market value at the beginning of the offering period or the end of each 6-month purchase period. On September 13, 2018, the ESPP was amended to increase the shares reserved for issuance by 2 million shares of common stock. As of April 26, 2019, 7 million shares were available for issuance. The following table summarizes activity related to the purchase rights issued under the ESPP (in millions): |
What were the Proceeds from issuance of shares in 2017? | Year Ended
April 26, 2019 April 27, 2018 April 28, 2017
Shares issued under the ESPP 3 4 4
Proceeds from issuance of shares $ 96 $ 85 $ 80
Eligible employees are offered shares through a 24-month offering period, which consists of four consecutive 6-month purchase periods. Employees may purchase a limited number of shares of the Company’s stock at a discount of up to 15% of the lesser of the market value at the beginning of the offering period or the end of each 6-month purchase period. On September 13, 2018, the ESPP was amended to increase the shares reserved for issuance by 2 million shares of common stock. As of April 26, 2019, 7 million shares were available for issuance. The following table summarizes activity related to the purchase rights issued under the ESPP (in millions): |
What was the change in the Proceeds from issuance of shares between 2017 and 2018? | Year Ended
April 26, 2019 April 27, 2018 April 28, 2017
Shares issued under the ESPP 3 4 4
Proceeds from issuance of shares $ 96 $ 85 $ 80
Eligible employees are offered shares through a 24-month offering period, which consists of four consecutive 6-month purchase periods. Employees may purchase a limited number of shares of the Company’s stock at a discount of up to 15% of the lesser of the market value at the beginning of the offering period or the end of each 6-month purchase period. On September 13, 2018, the ESPP was amended to increase the shares reserved for issuance by 2 million shares of common stock. As of April 26, 2019, 7 million shares were available for issuance. The following table summarizes activity related to the purchase rights issued under the ESPP (in millions): |
How many years did Shares issued under the ESPP exceed $2 million? | Year Ended
April 26, 2019 April 27, 2018 April 28, 2017
Shares issued under the ESPP 3 4 4
Proceeds from issuance of shares $ 96 $ 85 $ 80
Eligible employees are offered shares through a 24-month offering period, which consists of four consecutive 6-month purchase periods. Employees may purchase a limited number of shares of the Company’s stock at a discount of up to 15% of the lesser of the market value at the beginning of the offering period or the end of each 6-month purchase period. On September 13, 2018, the ESPP was amended to increase the shares reserved for issuance by 2 million shares of common stock. As of April 26, 2019, 7 million shares were available for issuance. The following table summarizes activity related to the purchase rights issued under the ESPP (in millions): |
What was the percentage change in the Proceeds from issuance of shares between 2018 and 2019? | Year Ended
April 26, 2019 April 27, 2018 April 28, 2017
Shares issued under the ESPP 3 4 4
Proceeds from issuance of shares $ 96 $ 85 $ 80
Eligible employees are offered shares through a 24-month offering period, which consists of four consecutive 6-month purchase periods. Employees may purchase a limited number of shares of the Company’s stock at a discount of up to 15% of the lesser of the market value at the beginning of the offering period or the end of each 6-month purchase period. On September 13, 2018, the ESPP was amended to increase the shares reserved for issuance by 2 million shares of common stock. As of April 26, 2019, 7 million shares were available for issuance. The following table summarizes activity related to the purchase rights issued under the ESPP (in millions): |
Where was the selected financial data for each of the five years ended December 31, 2019 derived from? | The selected financial data presented for each of the five years ended December 31, 2019 is derived from our audited consolidated financial statements. The selected financial data presented should be read in conjunction with our consolidated financial statements, the notes to our consolidated financial statements and Item 7 “Management's Discussion and Analysis of Financial Condition and Results of Operations.” |
How should the selected financial data be read in conjunction with? | The selected financial data presented for each of the five years ended December 31, 2019 is derived from our audited consolidated financial statements. The selected financial data presented should be read in conjunction with our consolidated financial statements, the notes to our consolidated financial statements and Item 7 “Management's Discussion and Analysis of Financial Condition and Results of Operations.” |
What was the revenue in the Year Ended December 31, 2019? | Year Ended December 31,
2019 (1) 2018 (2) 2017 (3) 2016 2015
(in thousands, except per share amounts)
Statement of Income Data:
Revenues $2,222,559 $1,958,557 $1,717,018 $1,601,596 $1,550,117
Operating income $138,325 $112,742 $98,194 $90,963 $84,886
Net income $113,890 $82,097 $114,141 $56,391 $51,127
Basic earnings per share (Class A and B) $2.85 $2.08 $2.94 $1.48 $1.36
Diluted earnings per share (Class A and B) $2.83 $2.06 $2.91 $1.47 $1.36
Dividend per share $1.08 $1.00 $0.84 $0.84 $0.84
Balance Sheet Data:
Working capital $154,753 $196,652 $138,879 $229,659 $189,276
Goodwill (4) $1,191,259 $1,085,806 $1,084,560 $955,874 $919,591
Total assets $2,107,914 $1,803,871 $1,744,475 $1,598,464 $1,506,424
Long-term debt $36,500 $7,500 $31,000 $— $— |
What is the percentage change in revenues from 2018 to 2019? | Year Ended December 31,
2019 (1) 2018 (2) 2017 (3) 2016 2015
(in thousands, except per share amounts)
Statement of Income Data:
Revenues $2,222,559 $1,958,557 $1,717,018 $1,601,596 $1,550,117
Operating income $138,325 $112,742 $98,194 $90,963 $84,886
Net income $113,890 $82,097 $114,141 $56,391 $51,127
Basic earnings per share (Class A and B) $2.85 $2.08 $2.94 $1.48 $1.36
Diluted earnings per share (Class A and B) $2.83 $2.06 $2.91 $1.47 $1.36
Dividend per share $1.08 $1.00 $0.84 $0.84 $0.84
Balance Sheet Data:
Working capital $154,753 $196,652 $138,879 $229,659 $189,276
Goodwill (4) $1,191,259 $1,085,806 $1,084,560 $955,874 $919,591
Total assets $2,107,914 $1,803,871 $1,744,475 $1,598,464 $1,506,424
Long-term debt $36,500 $7,500 $31,000 $— $— |
What is the company’s return on assets in 2017? | Year Ended December 31,
2019 (1) 2018 (2) 2017 (3) 2016 2015
(in thousands, except per share amounts)
Statement of Income Data:
Revenues $2,222,559 $1,958,557 $1,717,018 $1,601,596 $1,550,117
Operating income $138,325 $112,742 $98,194 $90,963 $84,886
Net income $113,890 $82,097 $114,141 $56,391 $51,127
Basic earnings per share (Class A and B) $2.85 $2.08 $2.94 $1.48 $1.36
Diluted earnings per share (Class A and B) $2.83 $2.06 $2.91 $1.47 $1.36
Dividend per share $1.08 $1.00 $0.84 $0.84 $0.84
Balance Sheet Data:
Working capital $154,753 $196,652 $138,879 $229,659 $189,276
Goodwill (4) $1,191,259 $1,085,806 $1,084,560 $955,874 $919,591
Total assets $2,107,914 $1,803,871 $1,744,475 $1,598,464 $1,506,424
Long-term debt $36,500 $7,500 $31,000 $— $— |
What is the difference in the operating income between 2015 and 2016? | Year Ended December 31,
2019 (1) 2018 (2) 2017 (3) 2016 2015
(in thousands, except per share amounts)
Statement of Income Data:
Revenues $2,222,559 $1,958,557 $1,717,018 $1,601,596 $1,550,117
Operating income $138,325 $112,742 $98,194 $90,963 $84,886
Net income $113,890 $82,097 $114,141 $56,391 $51,127
Basic earnings per share (Class A and B) $2.85 $2.08 $2.94 $1.48 $1.36
Diluted earnings per share (Class A and B) $2.83 $2.06 $2.91 $1.47 $1.36
Dividend per share $1.08 $1.00 $0.84 $0.84 $0.84
Balance Sheet Data:
Working capital $154,753 $196,652 $138,879 $229,659 $189,276
Goodwill (4) $1,191,259 $1,085,806 $1,084,560 $955,874 $919,591
Total assets $2,107,914 $1,803,871 $1,744,475 $1,598,464 $1,506,424
Long-term debt $36,500 $7,500 $31,000 $— $— |
When did Lifeway publicly announce their share repurchase program? | (a) During the fourth quarter of 2015, Lifeway publicly announced a share repurchase program. On November 1, 2017, the our Board of Directors amended the 2015 stock repurchase program (the “2017 amendment”), by adding to (i.e., exclusive of the shares previously authorized under the 2015 stock program repurchase) the authorization the lesser of $5,185 or 625 shares. The program has no expiration date. |
What is the total number of shares purchased in fiscal year 2018 and 2019 respectively? | Period Total number of shares purchased Average price paid per share Total number of shares purchased as part of a publicly announced program (a) Approximate Dollar Value of Shares that may yet be Purchased under the Plans or Programs ($ in thousands)
1/1/2018 to 1/31/2018 106,441 $ 8.22 106,441 $ 5,007
2/1/2018 to 2/28/2018 24,486 $ 7.21 24,486 $ 4,830
4/1/2018 to 4/30/2018 15,433 $ 6.09 15,433 $ 4,736
6/1/2018 to 6/30/2018 4,143 $ 5.46 4,143 $ 4,714
8/1/2018 to 8/31/2018 1,332 $ 3.96 1,332 $ 4,709
9/1/2018 to 9/30/18 40,364 $ 3.35 40,364 $ 4,573
11/1/2018 to 11/30/18 17,228 $ 2.99 17,228 $ 4,522
12/1/2018 to 12/31/18 8,305 $ 2.25 8,305 $ 4,503
Fiscal Year 2018 217,732 $ 6.33 217,732 $ 4,503
1/1/2019 to 1/31/2019 46,743 $ 2.54 46,743 $ 4,384
2/1/2019 to 2/28/2019 9,100 $ 2.75 9,100 $ 4,358
3/1/2019 to 3/31/2019 26,932 $ 2.24 26,932 $ 4,298
4/1/2019 to 4/30/2019 4,300 $ 2.24 4,300 $ 4,288
5/1/2019 to 5/31/2019 57,817 $ 2.49 57,817 $ 4,145
6/1/2019 to 6/30/2019 11,146 $ 2.32 11,146 $ 4,119
8/1/2019 to 8/31/2019 37,567 $ 2.69 37,567 $ 4,018
9/1/2019 to 9/30/2019 17,531 $ 2.98 17,531 $ 3,965
Fiscal Year 2019 211,136 $ 2.55 211,136 $ 3,965 |
What is the expiration date of Lifeway's share repurchase program? | (a) During the fourth quarter of 2015, Lifeway publicly announced a share repurchase program. On November 1, 2017, the our Board of Directors amended the 2015 stock repurchase program (the “2017 amendment”), by adding to (i.e., exclusive of the shares previously authorized under the 2015 stock program repurchase) the authorization the lesser of $5,185 or 625 shares. The program has no expiration date. |
What is the change in the total number of shares purchased between fiscal years 2018 and 2019? | Period Total number of shares purchased Average price paid per share Total number of shares purchased as part of a publicly announced program (a) Approximate Dollar Value of Shares that may yet be Purchased under the Plans or Programs ($ in thousands)
1/1/2018 to 1/31/2018 106,441 $ 8.22 106,441 $ 5,007
2/1/2018 to 2/28/2018 24,486 $ 7.21 24,486 $ 4,830
4/1/2018 to 4/30/2018 15,433 $ 6.09 15,433 $ 4,736
6/1/2018 to 6/30/2018 4,143 $ 5.46 4,143 $ 4,714
8/1/2018 to 8/31/2018 1,332 $ 3.96 1,332 $ 4,709
9/1/2018 to 9/30/18 40,364 $ 3.35 40,364 $ 4,573
11/1/2018 to 11/30/18 17,228 $ 2.99 17,228 $ 4,522
12/1/2018 to 12/31/18 8,305 $ 2.25 8,305 $ 4,503
Fiscal Year 2018 217,732 $ 6.33 217,732 $ 4,503
1/1/2019 to 1/31/2019 46,743 $ 2.54 46,743 $ 4,384
2/1/2019 to 2/28/2019 9,100 $ 2.75 9,100 $ 4,358
3/1/2019 to 3/31/2019 26,932 $ 2.24 26,932 $ 4,298
4/1/2019 to 4/30/2019 4,300 $ 2.24 4,300 $ 4,288
5/1/2019 to 5/31/2019 57,817 $ 2.49 57,817 $ 4,145
6/1/2019 to 6/30/2019 11,146 $ 2.32 11,146 $ 4,119
8/1/2019 to 8/31/2019 37,567 $ 2.69 37,567 $ 4,018
9/1/2019 to 9/30/2019 17,531 $ 2.98 17,531 $ 3,965
Fiscal Year 2019 211,136 $ 2.55 211,136 $ 3,965 |
What is the percentage change of the average price paid per share between fiscal year 2018 and 2019? | Period Total number of shares purchased Average price paid per share Total number of shares purchased as part of a publicly announced program (a) Approximate Dollar Value of Shares that may yet be Purchased under the Plans or Programs ($ in thousands)
1/1/2018 to 1/31/2018 106,441 $ 8.22 106,441 $ 5,007
2/1/2018 to 2/28/2018 24,486 $ 7.21 24,486 $ 4,830
4/1/2018 to 4/30/2018 15,433 $ 6.09 15,433 $ 4,736
6/1/2018 to 6/30/2018 4,143 $ 5.46 4,143 $ 4,714
8/1/2018 to 8/31/2018 1,332 $ 3.96 1,332 $ 4,709
9/1/2018 to 9/30/18 40,364 $ 3.35 40,364 $ 4,573
11/1/2018 to 11/30/18 17,228 $ 2.99 17,228 $ 4,522
12/1/2018 to 12/31/18 8,305 $ 2.25 8,305 $ 4,503
Fiscal Year 2018 217,732 $ 6.33 217,732 $ 4,503
1/1/2019 to 1/31/2019 46,743 $ 2.54 46,743 $ 4,384
2/1/2019 to 2/28/2019 9,100 $ 2.75 9,100 $ 4,358
3/1/2019 to 3/31/2019 26,932 $ 2.24 26,932 $ 4,298
4/1/2019 to 4/30/2019 4,300 $ 2.24 4,300 $ 4,288
5/1/2019 to 5/31/2019 57,817 $ 2.49 57,817 $ 4,145
6/1/2019 to 6/30/2019 11,146 $ 2.32 11,146 $ 4,119
8/1/2019 to 8/31/2019 37,567 $ 2.69 37,567 $ 4,018
9/1/2019 to 9/30/2019 17,531 $ 2.98 17,531 $ 3,965
Fiscal Year 2019 211,136 $ 2.55 211,136 $ 3,965 |
Which fiscal year has the highest total number of shares purchased? | Period Total number of shares purchased Average price paid per share Total number of shares purchased as part of a publicly announced program (a) Approximate Dollar Value of Shares that may yet be Purchased under the Plans or Programs ($ in thousands)
1/1/2018 to 1/31/2018 106,441 $ 8.22 106,441 $ 5,007
2/1/2018 to 2/28/2018 24,486 $ 7.21 24,486 $ 4,830
4/1/2018 to 4/30/2018 15,433 $ 6.09 15,433 $ 4,736
6/1/2018 to 6/30/2018 4,143 $ 5.46 4,143 $ 4,714
8/1/2018 to 8/31/2018 1,332 $ 3.96 1,332 $ 4,709
9/1/2018 to 9/30/18 40,364 $ 3.35 40,364 $ 4,573
11/1/2018 to 11/30/18 17,228 $ 2.99 17,228 $ 4,522
12/1/2018 to 12/31/18 8,305 $ 2.25 8,305 $ 4,503
Fiscal Year 2018 217,732 $ 6.33 217,732 $ 4,503
1/1/2019 to 1/31/2019 46,743 $ 2.54 46,743 $ 4,384
2/1/2019 to 2/28/2019 9,100 $ 2.75 9,100 $ 4,358
3/1/2019 to 3/31/2019 26,932 $ 2.24 26,932 $ 4,298
4/1/2019 to 4/30/2019 4,300 $ 2.24 4,300 $ 4,288
5/1/2019 to 5/31/2019 57,817 $ 2.49 57,817 $ 4,145
6/1/2019 to 6/30/2019 11,146 $ 2.32 11,146 $ 4,119
8/1/2019 to 8/31/2019 37,567 $ 2.69 37,567 $ 4,018
9/1/2019 to 9/30/2019 17,531 $ 2.98 17,531 $ 3,965
Fiscal Year 2019 211,136 $ 2.55 211,136 $ 3,965 |
What caused the decrease of total revenue for 2018 to 2019? | Total revenue for 2019 decreased 23% as compared to 2018 primarily due to pricing declines resulting from the challenging memory market environment in 2019. Sales of DRAM products for 2019 decreased 28% as compared to 2018 primarily due to declines in average selling prices of approximately 30% resulting from supply and demand imbalances, customer inventory corrections, and CPU shortages. Sales of NAND products for 2019 decreased 12% as compared to 2018 primarily due to declines in average selling prices in the mid-40% range resulting from supply and demand imbalances, which were partially offset by significant increases in sales volumes. In addition, demand for our NAND products was adversely affected by the transition from SATA SSDs to NVMe SSDs. The higher NAND sales volumes in 2019 were driven by increases in sales of high-value mobile managed NAND products as well as discrete NAND products enabled by our execution in ramping 64- and 96-layer TLC 3D NAND. |
What was the total revenue in 2019? | For the year ended 2019 2019 2018 2018 2017 2017
Revenue $23,406 100% $30,391 100% $20,322 100%
Cost of goods sold 12,704 54% 12,500 41% 11,886 58%
Gross margin 10,702 46% 17,891 59% 8,436 42%
Selling, general, and administrative 836 4% 813 3% 743 4%
Research and development 2,441 10% 2,141 7% 1,824 9%
Other operating (income) expense, net 49 —% (57) —% 1 —%
Operating income 7,376 32% 14,994 49% 5,868 29%
Interest income (expense), net 77 —% (222) (1)% (560) (3)%
Other non-operating income (expense), net (405) (2)% (465) (2)% (112) (1)%
Income tax (provision) benefit (693) (3)% (168) (1)% (114) (1)%
Equity in net income (loss) of equity method investees 3 —% (1) —% 8 —%
Net income attributable to noncontrolling interests (45) —% (3) —% (1) —%
Net income attributable to Micron $6,313 27% $14,135 47% $5,089 25% |
What drove the increase in revenue for both DRAM and NAND from 2017 to 2018? | Total revenue for 2018 increased 50% as compared to 2017. Higher revenue in 2018 for both DRAM and NAND as compared to 2017 were driven by strong execution in delivering high-value products featuring our 1Xnm DRAM and 64-layer 3D NAND technologies combined with strong demand for products across our primary markets. Sales of DRAM products for 2018 increased 64% from 2017 primarily due to an increase in average selling prices of approximately 35% and an increase in sales volumes of approximately 20% as a result of strong market conditions, particularly for cloud, enterprise, mobile, and graphics markets, combined with increased sales into high-value markets. Sales of NAND products for 2018 increased 20% from 2017 despite declines in average selling prices primarily due to an increase in sales volumes of approximately 30% driven by increases in sales of high-value SSD and mobile managed NAND products enabled by strong demand and our execution in delivering 3D NAND products. |
What is the proportion of net income over gross margin of the company in 2017? | For the year ended 2019 2019 2018 2018 2017 2017
Revenue $23,406 100% $30,391 100% $20,322 100%
Cost of goods sold 12,704 54% 12,500 41% 11,886 58%
Gross margin 10,702 46% 17,891 59% 8,436 42%
Selling, general, and administrative 836 4% 813 3% 743 4%
Research and development 2,441 10% 2,141 7% 1,824 9%
Other operating (income) expense, net 49 —% (57) —% 1 —%
Operating income 7,376 32% 14,994 49% 5,868 29%
Interest income (expense), net 77 —% (222) (1)% (560) (3)%
Other non-operating income (expense), net (405) (2)% (465) (2)% (112) (1)%
Income tax (provision) benefit (693) (3)% (168) (1)% (114) (1)%
Equity in net income (loss) of equity method investees 3 —% (1) —% 8 —%
Net income attributable to noncontrolling interests (45) —% (3) —% (1) —%
Net income attributable to Micron $6,313 27% $14,135 47% $5,089 25% |
How does the percentage change of gross margin from 2018 to 2019? | For the year ended 2019 2019 2018 2018 2017 2017
Revenue $23,406 100% $30,391 100% $20,322 100%
Cost of goods sold 12,704 54% 12,500 41% 11,886 58%
Gross margin 10,702 46% 17,891 59% 8,436 42%
Selling, general, and administrative 836 4% 813 3% 743 4%
Research and development 2,441 10% 2,141 7% 1,824 9%
Other operating (income) expense, net 49 —% (57) —% 1 —%
Operating income 7,376 32% 14,994 49% 5,868 29%
Interest income (expense), net 77 —% (222) (1)% (560) (3)%
Other non-operating income (expense), net (405) (2)% (465) (2)% (112) (1)%
Income tax (provision) benefit (693) (3)% (168) (1)% (114) (1)%
Equity in net income (loss) of equity method investees 3 —% (1) —% 8 —%
Net income attributable to noncontrolling interests (45) —% (3) —% (1) —%
Net income attributable to Micron $6,313 27% $14,135 47% $5,089 25% |
What is the company's total operating expenses in 2019? | For the year ended 2019 2019 2018 2018 2017 2017
Revenue $23,406 100% $30,391 100% $20,322 100%
Cost of goods sold 12,704 54% 12,500 41% 11,886 58%
Gross margin 10,702 46% 17,891 59% 8,436 42%
Selling, general, and administrative 836 4% 813 3% 743 4%
Research and development 2,441 10% 2,141 7% 1,824 9%
Other operating (income) expense, net 49 —% (57) —% 1 —%
Operating income 7,376 32% 14,994 49% 5,868 29%
Interest income (expense), net 77 —% (222) (1)% (560) (3)%
Other non-operating income (expense), net (405) (2)% (465) (2)% (112) (1)%
Income tax (provision) benefit (693) (3)% (168) (1)% (114) (1)%
Equity in net income (loss) of equity method investees 3 —% (1) —% 8 —%
Net income attributable to noncontrolling interests (45) —% (3) —% (1) —%
Net income attributable to Micron $6,313 27% $14,135 47% $5,089 25% |
What does the table show? | Movements in Class A ordinary share capital |
What is the total number of shares as of June 30, 2018 and 2019 respectively? | Number of Shares Amount
(U.S. $ in thousands)
Details
Balance as of June 30, 2017 91,979,704 $9,198
Conversion of Class B ordinary shares 5,861,707 587
Exercise of share options 1,902,084 190
Issuance for settlement of RSUs 5,253,809 525
Vesting of share options that were early exercised 374,496 37
Balance as of June 30, 2018 105,371,800 10,537
Conversion of Class B ordinary shares 5,219,947 522
Exercise of share options 1,496,875 150
Issuance for settlement of RSUs 4,674,873 467
Vesting of share options that were early exercised 510,071 51
Balance as of June 30, 2019 117,273,566 $11,727 |
What is the amount for Balance as of June 30, 2017? | Number of Shares Amount
(U.S. $ in thousands)
Details
Balance as of June 30, 2017 91,979,704 $9,198
Conversion of Class B ordinary shares 5,861,707 587
Exercise of share options 1,902,084 190
Issuance for settlement of RSUs 5,253,809 525
Vesting of share options that were early exercised 374,496 37
Balance as of June 30, 2018 105,371,800 10,537
Conversion of Class B ordinary shares 5,219,947 522
Exercise of share options 1,496,875 150
Issuance for settlement of RSUs 4,674,873 467
Vesting of share options that were early exercised 510,071 51
Balance as of June 30, 2019 117,273,566 $11,727 |
What is the difference in the number of shares between June 30, 2018 and 2019? | Number of Shares Amount
(U.S. $ in thousands)
Details
Balance as of June 30, 2017 91,979,704 $9,198
Conversion of Class B ordinary shares 5,861,707 587
Exercise of share options 1,902,084 190
Issuance for settlement of RSUs 5,253,809 525
Vesting of share options that were early exercised 374,496 37
Balance as of June 30, 2018 105,371,800 10,537
Conversion of Class B ordinary shares 5,219,947 522
Exercise of share options 1,496,875 150
Issuance for settlement of RSUs 4,674,873 467
Vesting of share options that were early exercised 510,071 51
Balance as of June 30, 2019 117,273,566 $11,727 |
What is the average annual number of shares of restricted stock outstanding for both years ended June 30, 2018 and 2019? | Class A shares as of June 30, 2019 and June 30, 2018 does not include 911,367 and 827,871 shares of restricted stock outstanding, respectively, that are subject to forfeiture or repurchase. |
What is the percentage change of the total number shares between June 30, 2018 and 2019? | Number of Shares Amount
(U.S. $ in thousands)
Details
Balance as of June 30, 2017 91,979,704 $9,198
Conversion of Class B ordinary shares 5,861,707 587
Exercise of share options 1,902,084 190
Issuance for settlement of RSUs 5,253,809 525
Vesting of share options that were early exercised 374,496 37
Balance as of June 30, 2018 105,371,800 10,537
Conversion of Class B ordinary shares 5,219,947 522
Exercise of share options 1,496,875 150
Issuance for settlement of RSUs 4,674,873 467
Vesting of share options that were early exercised 510,071 51
Balance as of June 30, 2019 117,273,566 $11,727 |
What is the value of the company's marketable securities as of December 31, 2019? | As of December 31, 2019, the Company did not hold any marketable securities. |
What are the respective values of the company's fair value municipal and corporate bonds? | December 31, 2018
(in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value
Municipal bonds $44,802 $13 $(110) $44,705
Corporate bonds 48,499 23 (226) 48,296
$93,301 $36 $(336) $93,001 |
What are the respective values of the company's unrealized gains from its municipal and corporate bonds? | December 31, 2018
(in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value
Municipal bonds $44,802 $13 $(110) $44,705
Corporate bonds 48,499 23 (226) 48,296
$93,301 $36 $(336) $93,001 |
What is the net value of the unrealized gains and losses of the company's municipal bonds? | December 31, 2018
(in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value
Municipal bonds $44,802 $13 $(110) $44,705
Corporate bonds 48,499 23 (226) 48,296
$93,301 $36 $(336) $93,001 |
What is the value of the amortized costs of the municipal bonds as a percentage of the total amortized cost? | December 31, 2018
(in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value
Municipal bonds $44,802 $13 $(110) $44,705
Corporate bonds 48,499 23 (226) 48,296
$93,301 $36 $(336) $93,001 |
What is the value of the amortized costs of the corporate bonds as a percentage of the total amortized cost? | December 31, 2018
(in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value
Municipal bonds $44,802 $13 $(110) $44,705
Corporate bonds 48,499 23 (226) 48,296
$93,301 $36 $(336) $93,001 |
What is the net liabilities in 2019? | £m 2019 2018
Summarised income statement
Revenue 64.0 68.3
Loss for the year (177.2) (103.7)
Summarised balance sheet
Investment and development property 676.8 841.8
Borrowings – 4.125% bonds 2023 (480.5) (479.5)
Borrowings – compound financial instrument (488.5) (473.8)
Other net liabilities (27.7) (31.2)
Net liabilities (319.9) (142.7) |
What is the net liabilities in 2018? | £m 2019 2018
Summarised income statement
Revenue 64.0 68.3
Loss for the year (177.2) (103.7)
Summarised balance sheet
Investment and development property 676.8 841.8
Borrowings – 4.125% bonds 2023 (480.5) (479.5)
Borrowings – compound financial instrument (488.5) (473.8)
Other net liabilities (27.7) (31.2)
Net liabilities (319.9) (142.7) |
What is the revenue in 2019? | £m 2019 2018
Summarised income statement
Revenue 64.0 68.3
Loss for the year (177.2) (103.7)
Summarised balance sheet
Investment and development property 676.8 841.8
Borrowings – 4.125% bonds 2023 (480.5) (479.5)
Borrowings – compound financial instrument (488.5) (473.8)
Other net liabilities (27.7) (31.2)
Net liabilities (319.9) (142.7) |
What is the change in revenue between 2018 and 2019? | £m 2019 2018
Summarised income statement
Revenue 64.0 68.3
Loss for the year (177.2) (103.7)
Summarised balance sheet
Investment and development property 676.8 841.8
Borrowings – 4.125% bonds 2023 (480.5) (479.5)
Borrowings – compound financial instrument (488.5) (473.8)
Other net liabilities (27.7) (31.2)
Net liabilities (319.9) (142.7) |
What is the percentage change in the non controlling interest share of loss from 2018 to 2019? | By virtue of their 40 per cent interest in The Metrocentre Partnership, GIC Real Estate is entitled to appoint 40 per cent of the directors of Metrocentre (GP) Limited. GIC Real Estate through an intermediate entity also owns a 40 per cent interest in the capital of Metrocentre Lancaster LLP. £58.2 million of the non-controlling interest losses shown in the balance sheet at 31 December 2019 (2018: £12.7 million earnings) and £70.9 million of the non-controlling interest share of loss shown in the income statement for the year ended 31 December 2019 (2018: share of loss £41.5 million) relates to GIC Real Estate’s interest in these entities. Set out below is the summarised financial information of The Metrocentre Partnership and Metrocentre LLP at 100 per cent, as consolidated: |
In which year is there a greater loss for the year? | £m 2019 2018
Summarised income statement
Revenue 64.0 68.3
Loss for the year (177.2) (103.7)
Summarised balance sheet
Investment and development property 676.8 841.8
Borrowings – 4.125% bonds 2023 (480.5) (479.5)
Borrowings – compound financial instrument (488.5) (473.8)
Other net liabilities (27.7) (31.2)
Net liabilities (319.9) (142.7) |
What was the fair value of the company's equity interest in LNTL? | During fiscal 2019, we formed a joint venture with Lenovo (Beijing) Information Technology Ltd. (“Lenovo”) in China and, in February 2019, contributed assets to the newly formed entity, Lenovo NetApp Technology Limited (“LNTL”), in exchange for a non-controlling 49% equity interest. The group of assets we contributed and derecognized met the definition of a business and included cash, fixed assets, customer relationships and an allocation of goodwill, with an aggregate book value of $7 million. The fair value of our equity interest in LNTL was determined using discounted cash flow techniques to be $80 million, resulting in a non-cash gain of $73 million. We accounted for our ownership interest as an equity method investment and have presented it in Other non-current assets on our consolidated balance sheet as of April 26, 2019. LNTL will be integral to our sales channels strategy in China, acting as a distributor of our offerings to customers headquartered there, and involved in certain OEM sales to Lenovo. It will also endeavor to localize our products and services, and to develop new joint offerings for the China market by leveraging NetApp and Lenovo technologies. |
What were the deferred tax assets in 2019? | April 26, 2019 April 26, 2018
Deferred tax assets $201 $229
Other assets 389 221
Other non-current assets $ 590 $ 450
Other non-current assets (in millions): |
What was the amount of Other assets in 2018? | April 26, 2019 April 26, 2018
Deferred tax assets $201 $229
Other assets 389 221
Other non-current assets $ 590 $ 450
Other non-current assets (in millions): |
What was the change in deferred tax assets between 2018 and 2019? | April 26, 2019 April 26, 2018
Deferred tax assets $201 $229
Other assets 389 221
Other non-current assets $ 590 $ 450
Other non-current assets (in millions): |
What was the change in the amount of Other assets between 2018 and 2019? | April 26, 2019 April 26, 2018
Deferred tax assets $201 $229
Other assets 389 221
Other non-current assets $ 590 $ 450
Other non-current assets (in millions): |
What was the percentage change in Other non-current assets between 2018 and 2019? | April 26, 2019 April 26, 2018
Deferred tax assets $201 $229
Other assets 389 221
Other non-current assets $ 590 $ 450
Other non-current assets (in millions): |
What does the table show? | The following table presents the net derivative gains (losses) from economic hedges of forecasted commodity consumption and the foreign currency risk of certain forecasted transactions associated with continuing operations, under this methodology: |
What is the cumulative amount of net derivative gains from economic hedges that had been recognized in general corporate expenses but not yet allocated to reporting segments? | As of May 26, 2019, the cumulative amount of net derivative gains from economic hedges that had been recognized in general corporate expenses and not yet allocated to reporting segments was $1.4 million. This amount reflected net gains of $1.0 million incurred during the fiscal year ended May 26, 2019, as well as net gains of $0.4 million incurred prior to fiscal 2019. Based on our forecasts of the timing of recognition of the underlying hedged items, we expect to reclassify to segment operating results gains of $0.9 million in fiscal 2020 and $0.5 million in fiscal 2021 and thereafter. |
What are the expected operating fiscal gains in fiscal 2020 and 2021 and thereafter, respectively, based on the company’s forecasts of the timing of recognition of the underlying hedged items? | As of May 26, 2019, the cumulative amount of net derivative gains from economic hedges that had been recognized in general corporate expenses and not yet allocated to reporting segments was $1.4 million. This amount reflected net gains of $1.0 million incurred during the fiscal year ended May 26, 2019, as well as net gains of $0.4 million incurred prior to fiscal 2019. Based on our forecasts of the timing of recognition of the underlying hedged items, we expect to reclassify to segment operating results gains of $0.9 million in fiscal 2020 and $0.5 million in fiscal 2021 and thereafter. |
What is the percentage change of net derivative gains (losses) allocated to Grocery & Snacks from the fiscal year 2017 to 2018? | Fiscal Years Ended
($ in millions) May 26, 2019 May 27, 2018 May 28, 2017
Net derivative gains (losses) incurred $(3.6) $(0.9) $0.6
Less: Net derivative gains (losses) allocated to reporting segments (1.8) (7.1) 5.7
Net derivative gains (losses) recognized in general corporate expenses $(1.8) $6.2 $(5.1)
Net derivative gains (losses) allocated to Grocery & Snacks $(2.1) $0.2 $3.4
Net derivative gains (losses) allocated to Refrigerated & Frozen (1.1) (0.3) 0.8
Net derivative gains (losses) allocated to International Foods . 2.8 (6.9) 1.6
Net derivative losses allocated to Foodservice . (0.6) (0.1) —
Net derivative losses allocated to Pinnacle Foods (0.8) — —
Net derivative losses allocated to Commercial . — — (0.1)
Net derivative gains (losses) included in segment operating profit . $(1.8) $(7.1) $5.7 |
What are the total net derivative losses allocated to Foodservice in the fiscal year 2018 and 2019? | Fiscal Years Ended
($ in millions) May 26, 2019 May 27, 2018 May 28, 2017
Net derivative gains (losses) incurred $(3.6) $(0.9) $0.6
Less: Net derivative gains (losses) allocated to reporting segments (1.8) (7.1) 5.7
Net derivative gains (losses) recognized in general corporate expenses $(1.8) $6.2 $(5.1)
Net derivative gains (losses) allocated to Grocery & Snacks $(2.1) $0.2 $3.4
Net derivative gains (losses) allocated to Refrigerated & Frozen (1.1) (0.3) 0.8
Net derivative gains (losses) allocated to International Foods . 2.8 (6.9) 1.6
Net derivative losses allocated to Foodservice . (0.6) (0.1) —
Net derivative losses allocated to Pinnacle Foods (0.8) — —
Net derivative losses allocated to Commercial . — — (0.1)
Net derivative gains (losses) included in segment operating profit . $(1.8) $(7.1) $5.7 |
What is the ratio of net derivative gains in segment operating profit in the fiscal year 2017 to expected operating result gains in the fiscal year 2020? | Fiscal Years Ended
($ in millions) May 26, 2019 May 27, 2018 May 28, 2017
Net derivative gains (losses) incurred $(3.6) $(0.9) $0.6
Less: Net derivative gains (losses) allocated to reporting segments (1.8) (7.1) 5.7
Net derivative gains (losses) recognized in general corporate expenses $(1.8) $6.2 $(5.1)
Net derivative gains (losses) allocated to Grocery & Snacks $(2.1) $0.2 $3.4
Net derivative gains (losses) allocated to Refrigerated & Frozen (1.1) (0.3) 0.8
Net derivative gains (losses) allocated to International Foods . 2.8 (6.9) 1.6
Net derivative losses allocated to Foodservice . (0.6) (0.1) —
Net derivative losses allocated to Pinnacle Foods (0.8) — —
Net derivative losses allocated to Commercial . — — (0.1)
Net derivative gains (losses) included in segment operating profit . $(1.8) $(7.1) $5.7
As of May 26, 2019, the cumulative amount of net derivative gains from economic hedges that had been recognized in general corporate expenses and not yet allocated to reporting segments was $1.4 million. This amount reflected net gains of $1.0 million incurred during the fiscal year ended May 26, 2019, as well as net gains of $0.4 million incurred prior to fiscal 2019. Based on our forecasts of the timing of recognition of the underlying hedged items, we expect to reclassify to segment operating results gains of $0.9 million in fiscal 2020 and $0.5 million in fiscal 2021 and thereafter. |
What was the pension and benefit charges in 2019? | The change in Other income (expense), net during the year ended December 31, 2019, compared to the similar period in 2018, was primarily driven by early debt redemption costs of $3.6 billion recorded during 2019, compared to $725 million recorded during 2018 (see “Special Items”) as well as pension and benefit charges of $126 million recorded in 2019, compared with pension and benefit credits of $2.1 billion recorded in 2018 (see “Special Items”). |
What was the pension and benefit credits in 2018? | The change in Other income (expense), net during the year ended December 31, 2019, compared to the similar period in 2018, was primarily driven by early debt redemption costs of $3.6 billion recorded during 2019, compared to $725 million recorded during 2018 (see “Special Items”) as well as pension and benefit charges of $126 million recorded in 2019, compared with pension and benefit credits of $2.1 billion recorded in 2018 (see “Special Items”). |
What was the early debt redemption costs during 2019? | The change in Other income (expense), net during the year ended December 31, 2019, compared to the similar period in 2018, was primarily driven by early debt redemption costs of $3.6 billion recorded during 2019, compared to $725 million recorded during 2018 (see “Special Items”) as well as pension and benefit charges of $126 million recorded in 2019, compared with pension and benefit credits of $2.1 billion recorded in 2018 (see “Special Items”). |
What is the change in Interest income from 2018 to 2019? | (dollars in millions) Increase/ (Decrease) Increase/ (Decrease)
Years Ended December 31, 2019 2018 (dollars in millions) 2019 vs. 2018
Interest income $ 121 $ 94 $ 27 28.7%
Other components of net periodic benefit cost 627 3,068 (2,441) (79.6)
Early debt extinguishment costs (3,604) (725) (2,879) nm
Other, net (44) (73) 29 39.7
Total $ (2,900) $2,364 $ (5,264) nm |
What is the change in Other components of net periodic benefit cost from 2018 to 2019? | (dollars in millions) Increase/ (Decrease) Increase/ (Decrease)
Years Ended December 31, 2019 2018 (dollars in millions) 2019 vs. 2018
Interest income $ 121 $ 94 $ 27 28.7%
Other components of net periodic benefit cost 627 3,068 (2,441) (79.6)
Early debt extinguishment costs (3,604) (725) (2,879) nm
Other, net (44) (73) 29 39.7
Total $ (2,900) $2,364 $ (5,264) nm |
What is the change in Early debt extinguishment costs from 2018 to 2019? | (dollars in millions) Increase/ (Decrease) Increase/ (Decrease)
Years Ended December 31, 2019 2018 (dollars in millions) 2019 vs. 2018
Interest income $ 121 $ 94 $ 27 28.7%
Other components of net periodic benefit cost 627 3,068 (2,441) (79.6)
Early debt extinguishment costs (3,604) (725) (2,879) nm
Other, net (44) (73) 29 39.7
Total $ (2,900) $2,364 $ (5,264) nm |
What is the result of the Group serving a large number of customers? | Due to the large number of customers the Group serves, there are no individual customers whose revenue is greater than 10% of the Group’s total revenue in all periods presented in these financial statements. |
How is external revenue detailed? | The Group is domiciled in the UK and the following tables detail external revenue by location of customers, trade receivables and non-current assets (excluding deferred tax) by geographic area: |
What are the geographic areas in the table making up the total revenue? | 2019 2018
Revenue £m £m
UK 349.9 324.9
Ireland 5.2 5.2
Total revenue 355.1 330.1
The Group is domiciled in the UK and the following tables detail external revenue by location of customers, trade receivables and non-current assets (excluding deferred tax) by geographic area: |
In which year was revenue in the UK larger? | 2019 2018
Revenue £m £m
UK 349.9 324.9
Ireland 5.2 5.2
Total revenue 355.1 330.1 |
What was the change in revenue in Ireland in 2019 from 2018? | 2019 2018
Revenue £m £m
UK 349.9 324.9
Ireland 5.2 5.2
Total revenue 355.1 330.1 |
What was the percentage change in revenue in Ireland in 2019 from 2018? | 2019 2018
Revenue £m £m
UK 349.9 324.9
Ireland 5.2 5.2
Total revenue 355.1 330.1 |
What is the status of the group's financial position? | The Group’s financial position remains healthy.
The Group’s financial position remains healthy. |
Why did currency translation losses increase? | Currency translation losses increased mainly due to the weaker Australian Dollar and Indian Rupee against the Singapore Dollar from a year ago when translating the Group’s investments in Optus and Airtel. |
What is currency translation reserve made up of? | Note: (1) ‘Currency translation reserve’ relates mainly to the translation of the net assets of foreign subsidiaries, associates and joint ventures of the Group denominated mainly in Australian Dollar, Indian Rupee, Indonesian Rupiah, Philippine Peso, Thai Baht and United States Dollar. |
What is the % change in total equity from 2018 to 2019? | As at 31 March
2019 2018
(S$ million) (S$ million)
Current assets 7,078 6,759
Non-current assets 41,837 41,737
Total assets 48,915 48,496
Current liabilities 8,794 8,429
Non-current liabilities 10,311 10,355
Total liabilities 19,105 18,784
Net assets 29,810 29,712
Share capital 4,127 4,127
Retained earnings 27,513 27,269
Currency translation reserve (1) (1,768) (1,284)
Other reserves (35) (376)
Equity attributable to shareholders 29,838 29,737
Non-controlling interests and other reserve (28) (26)
Total equity 29,810 29,712 |
What is the average share capital across the 2 years? | As at 31 March
2019 2018
(S$ million) (S$ million)
Current assets 7,078 6,759
Non-current assets 41,837 41,737
Total assets 48,915 48,496
Current liabilities 8,794 8,429
Non-current liabilities 10,311 10,355
Total liabilities 19,105 18,784
Net assets 29,810 29,712
Share capital 4,127 4,127
Retained earnings 27,513 27,269
Currency translation reserve (1) (1,768) (1,284)
Other reserves (35) (376)
Equity attributable to shareholders 29,838 29,737
Non-controlling interests and other reserve (28) (26)
Total equity 29,810 29,712 |
What is the value of total assets, if you were only given the values of total liabilities and total equity in 2019. | As at 31 March
2019 2018
(S$ million) (S$ million)
Current assets 7,078 6,759
Non-current assets 41,837 41,737
Total assets 48,915 48,496
Current liabilities 8,794 8,429
Non-current liabilities 10,311 10,355
Total liabilities 19,105 18,784
Net assets 29,810 29,712
Share capital 4,127 4,127
Retained earnings 27,513 27,269
Currency translation reserve (1) (1,768) (1,284)
Other reserves (35) (376)
Equity attributable to shareholders 29,838 29,737
Non-controlling interests and other reserve (28) (26)
Total equity 29,810 29,712 |
Where is the common stock traded under the symbol "MEI."? | Our common stock is traded on the New York Stock Exchange under the symbol "MEI." The following is a tabulation of high and low sales prices for the periods presented and cash dividends declared per share. |
What is the change in First Quarter: High price from Fiscal Year Ended April 28, 2018 to Fiscal Year Ended April 27, 2019? | High Low Dividends
Declared Per
Share
Fiscal Year Ended April 27, 2019
First Quarter $45.45 $37.70 $0.11
Second Quarter 41.30 27.65 0.11
Third Quarter 33.98 20.99 0.11
Fourth Quarter 32.22 25.11 0.11
Fiscal Year Ended April 28, 2018
First Quarter $44.95 $36.05 $0.09
Second Quarter 46.75 36.75 0.09
Third Quarter 48.44 39.00 0.11
Fourth Quarter 42.10 36.95 0.11
Our common stock is traded on the New York Stock Exchange under the symbol "MEI." The following is a tabulation of high and low sales prices for the periods presented and cash dividends declared per share. |
What is the change in Second Quarter: High price from Fiscal Year Ended April 28, 2018 to Fiscal Year Ended April 27, 2019? | High Low Dividends
Declared Per
Share
Fiscal Year Ended April 27, 2019
First Quarter $45.45 $37.70 $0.11
Second Quarter 41.30 27.65 0.11
Third Quarter 33.98 20.99 0.11
Fourth Quarter 32.22 25.11 0.11
Fiscal Year Ended April 28, 2018
First Quarter $44.95 $36.05 $0.09
Second Quarter 46.75 36.75 0.09
Third Quarter 48.44 39.00 0.11
Fourth Quarter 42.10 36.95 0.11
Our common stock is traded on the New York Stock Exchange under the symbol "MEI." The following is a tabulation of high and low sales prices for the periods presented and cash dividends declared per share. |
In which quarter of 2019 was the high price greater than $40.00? | High Low Dividends
Declared Per
Share
Fiscal Year Ended April 27, 2019
First Quarter $45.45 $37.70 $0.11
Second Quarter 41.30 27.65 0.11
Third Quarter 33.98 20.99 0.11
Fourth Quarter 32.22 25.11 0.11
Fiscal Year Ended April 28, 2018
First Quarter $44.95 $36.05 $0.09
Second Quarter 46.75 36.75 0.09
Third Quarter 48.44 39.00 0.11
Fourth Quarter 42.10 36.95 0.11
Our common stock is traded on the New York Stock Exchange under the symbol "MEI." The following is a tabulation of high and low sales prices for the periods presented and cash dividends declared per share. |
What was the high price in 2019 first and second quarter respectively? | High Low Dividends
Declared Per
Share
Fiscal Year Ended April 27, 2019
First Quarter $45.45 $37.70 $0.11
Second Quarter 41.30 27.65 0.11
Third Quarter 33.98 20.99 0.11
Fourth Quarter 32.22 25.11 0.11
Fiscal Year Ended April 28, 2018
First Quarter $44.95 $36.05 $0.09
Second Quarter 46.75 36.75 0.09
Third Quarter 48.44 39.00 0.11
Fourth Quarter 42.10 36.95 0.11
Our common stock is traded on the New York Stock Exchange under the symbol "MEI." The following is a tabulation of high and low sales prices for the periods presented and cash dividends declared per share. |
When was the dividend declared in 2019? | On June 13, 2019, the Board of Directors declared a dividend of $0.11 per share of common stock, payable on July 26, 2019, to holders of record on July 12, 2019. As of June 18, 2019, the number of record holders of our common stock was 397. |
Which financial years' information is shown in the table? | Years ended December 31,
2019 2018 2017
(in thousands, except share and per share data)
Revenues:
Subscription solutions $642,241 $464,996 $310,031
Merchant solutions 935,932 608,233 363,273
1,578,173 1,073,229 673,304
Cost of revenues(1)(2):
Subscription solutions 128,155 100,990 61,267
Merchant solutions 584,375 375,972 231,784
712,530 476,962 293,051
Gross profit 865,643 596,267 380,253
Operating expenses:
Sales and marketing(1)(2) 472,841 350,069 225,694
Research and development(1)(2) 355,015 230,674 135,997
General and administrative(1) 178,934 107,444 67,719
Total operating expenses 1,006,790 688,187 429,410
Loss from operations (141,147) (91,920) (49,157)
Other income 45,332 27,367 9,162
Loss before income taxes (95,815) (64,553) (39,995)
Provision for income taxes 29,027 — —
Net loss $(124,842) $(64,553) $(39,995)
Basic and diluted net loss per share attributable to shareholders $(1.10) $(0.61) $(0.42)
Weighted average shares used to compute net loss per share attributable to shareholders 113,026,424 105,671,839 95,774,897
The following table sets forth our consolidated statement of operations for the years ended December 31, 2019, 2018, and 2017. |
What financial items does revenue consist of? | Years ended December 31,
2019 2018 2017
(in thousands, except share and per share data)
Revenues:
Subscription solutions $642,241 $464,996 $310,031
Merchant solutions 935,932 608,233 363,273
1,578,173 1,073,229 673,304
Cost of revenues(1)(2):
Subscription solutions 128,155 100,990 61,267
Merchant solutions 584,375 375,972 231,784
712,530 476,962 293,051
Gross profit 865,643 596,267 380,253
Operating expenses:
Sales and marketing(1)(2) 472,841 350,069 225,694
Research and development(1)(2) 355,015 230,674 135,997
General and administrative(1) 178,934 107,444 67,719
Total operating expenses 1,006,790 688,187 429,410
Loss from operations (141,147) (91,920) (49,157)
Other income 45,332 27,367 9,162
Loss before income taxes (95,815) (64,553) (39,995)
Provision for income taxes 29,027 — —
Net loss $(124,842) $(64,553) $(39,995)
Basic and diluted net loss per share attributable to shareholders $(1.10) $(0.61) $(0.42)
Weighted average shares used to compute net loss per share attributable to shareholders 113,026,424 105,671,839 95,774,897 |
What financial items does operating expenses consist of? | Years ended December 31,
2019 2018 2017
(in thousands, except share and per share data)
Revenues:
Subscription solutions $642,241 $464,996 $310,031
Merchant solutions 935,932 608,233 363,273
1,578,173 1,073,229 673,304
Cost of revenues(1)(2):
Subscription solutions 128,155 100,990 61,267
Merchant solutions 584,375 375,972 231,784
712,530 476,962 293,051
Gross profit 865,643 596,267 380,253
Operating expenses:
Sales and marketing(1)(2) 472,841 350,069 225,694
Research and development(1)(2) 355,015 230,674 135,997
General and administrative(1) 178,934 107,444 67,719
Total operating expenses 1,006,790 688,187 429,410
Loss from operations (141,147) (91,920) (49,157)
Other income 45,332 27,367 9,162
Loss before income taxes (95,815) (64,553) (39,995)
Provision for income taxes 29,027 — —
Net loss $(124,842) $(64,553) $(39,995)
Basic and diluted net loss per share attributable to shareholders $(1.10) $(0.61) $(0.42)
Weighted average shares used to compute net loss per share attributable to shareholders 113,026,424 105,671,839 95,774,897 |
What is the average total operating expenses for 2018 and 2019? | Years ended December 31,
2019 2018 2017
(in thousands, except share and per share data)
Revenues:
Subscription solutions $642,241 $464,996 $310,031
Merchant solutions 935,932 608,233 363,273
1,578,173 1,073,229 673,304
Cost of revenues(1)(2):
Subscription solutions 128,155 100,990 61,267
Merchant solutions 584,375 375,972 231,784
712,530 476,962 293,051
Gross profit 865,643 596,267 380,253
Operating expenses:
Sales and marketing(1)(2) 472,841 350,069 225,694
Research and development(1)(2) 355,015 230,674 135,997
General and administrative(1) 178,934 107,444 67,719
Total operating expenses 1,006,790 688,187 429,410
Loss from operations (141,147) (91,920) (49,157)
Other income 45,332 27,367 9,162
Loss before income taxes (95,815) (64,553) (39,995)
Provision for income taxes 29,027 — —
Net loss $(124,842) $(64,553) $(39,995)
Basic and diluted net loss per share attributable to shareholders $(1.10) $(0.61) $(0.42)
Weighted average shares used to compute net loss per share attributable to shareholders 113,026,424 105,671,839 95,774,897 |
What is the average total operating expenses for 2017 and 2018? | Years ended December 31,
2019 2018 2017
(in thousands, except share and per share data)
Revenues:
Subscription solutions $642,241 $464,996 $310,031
Merchant solutions 935,932 608,233 363,273
1,578,173 1,073,229 673,304
Cost of revenues(1)(2):
Subscription solutions 128,155 100,990 61,267
Merchant solutions 584,375 375,972 231,784
712,530 476,962 293,051
Gross profit 865,643 596,267 380,253
Operating expenses:
Sales and marketing(1)(2) 472,841 350,069 225,694
Research and development(1)(2) 355,015 230,674 135,997
General and administrative(1) 178,934 107,444 67,719
Total operating expenses 1,006,790 688,187 429,410
Loss from operations (141,147) (91,920) (49,157)
Other income 45,332 27,367 9,162
Loss before income taxes (95,815) (64,553) (39,995)
Provision for income taxes 29,027 — —
Net loss $(124,842) $(64,553) $(39,995)
Basic and diluted net loss per share attributable to shareholders $(1.10) $(0.61) $(0.42)
Weighted average shares used to compute net loss per share attributable to shareholders 113,026,424 105,671,839 95,774,897 |
What is the change in the average total operating expenses between 2017-2018 and 2018-2019? | Years ended December 31,
2019 2018 2017
(in thousands, except share and per share data)
Revenues:
Subscription solutions $642,241 $464,996 $310,031
Merchant solutions 935,932 608,233 363,273
1,578,173 1,073,229 673,304
Cost of revenues(1)(2):
Subscription solutions 128,155 100,990 61,267
Merchant solutions 584,375 375,972 231,784
712,530 476,962 293,051
Gross profit 865,643 596,267 380,253
Operating expenses:
Sales and marketing(1)(2) 472,841 350,069 225,694
Research and development(1)(2) 355,015 230,674 135,997
General and administrative(1) 178,934 107,444 67,719
Total operating expenses 1,006,790 688,187 429,410
Loss from operations (141,147) (91,920) (49,157)
Other income 45,332 27,367 9,162
Loss before income taxes (95,815) (64,553) (39,995)
Provision for income taxes 29,027 — —
Net loss $(124,842) $(64,553) $(39,995)
Basic and diluted net loss per share attributable to shareholders $(1.10) $(0.61) $(0.42)
Weighted average shares used to compute net loss per share attributable to shareholders 113,026,424 105,671,839 95,774,897 |
What was the percentage of Direct sales to contract manufacturers and consignment warehouses in 2019, 2018 and 2017 respectively? | In addition, a significant portion of our sales are made to foreign and domestic distributors who resell our products to OEMs, as well as their contract manufacturers. Direct sales to contract manufacturers and consignment warehouses accounted for 41.3%, 34.9% and 39.0% of our net revenues for fiscal 2019, 2018 and 2017, respectively. |
What was the Sales to foreign and domestic distributors in 2019? | Sales to foreign and domestic distributors accounted for 56.0%, 62.5% and 57.5% of our net revenues for fiscal 2019, 2018 and 2017, respectively. The following direct customers accounted for 10% or more of our net revenues in one or more of the following periods: |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.