instruction
stringlengths 46
592
| context
stringlengths 67
5.76k
| response
dict |
|---|---|---|
Which of JPM's business segments had the lowest net revenue in 2021 Q1? | Segment results managed basis
The following tables summarize the Firms results by segment for the periods indicated.
Three months ended March 31,
Consumer & Community Banking
Corporate & Investment Bank
Commercial Banking
(in millions, except ratios)
2021
2020
Change
2021
2020
Change
2021
2020
Change
Total net revenue
$ 12,517
$ 13,287
(6) %
$ 14,605
$ 10,003
46 %
$
2,393
$
2,165
11 %
Total noninterest expense
7,202
7,269
(1)
7,104
5,955
19
969
986
(2)
Pre-provision profit/(loss)
5,315
6,018
(12)
7,501
4,048
85
1,424
1,179
21
Provision for credit losses
(3,602)
5,772
NM
(331)
1,401
NM
(118)
1,010
NM
Net income/(loss)
6,728
197
NM
5,740
1,985
189
1,168
139
NM
Return on equity (ROE)
54 %
1 %
27 %
9 %
19 %
2 %
Three months ended March 31,
Asset & Wealth Management
Corporate
Total
(in millions, except ratios)
2021
2020
Change
2021
2020
Change
2021
2020
Change
Total net revenue
$
4,077
$
3,389
20 %
$
(473) $
166
NM
$ 33,119
$ 29,010
14 %
Total noninterest expense
2,574
2,435
6
876
146
500
18,725
16,791
12
Pre-provision profit/(loss)
1,503
954
58
(1,349)
20
NM
14,394
12,219
18
Provision for credit losses
(121)
94
NM
16
8
100
(4,156)
8,285
NM
Net income/(loss)
1,244
669
86
(580)
(125)
(364)
14,300
2,865
399
ROE
35 %
25 %
NM
NM
23 %
4 % | {
"answer": "Corporate. Its net revenue was -$473 million.",
"justification": "14,605 > 12,517 > 4,077 > 2,393 > -473"
} |
Which region had the worst topline performance for MGM during FY2022? | Las Vegas Strip Resorts
Net revenues of $8.4 billion in the current year compared to $4.7 billion in the prior year, an
increase of 77%; | {
"answer": "MGM China experienced the worst topline performance amongst the other regions presented. Its revenue declined 44% in FY2022 whereas the other regions presented increased their revenues.",
"justification": null
} |
What is Amazon's year-over-year change in revenue from FY2016 to FY2017 (in units of percents and round to one decimal place)? Calculate what was asked by utilizing the line items clearly shown in the statement of income. | Table of Contents
AMAZON.COM, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share data)
Year Ended December 31,
2015
2016
2017
Net product sales
$
79,268 $
94,665 $
118,573
Net service sales
27,738
41,322
59,293
Total net sales
107,006
135,987
177,866
Operating expenses:
Cost of sales
71,651
88,265
111,934
Fulfillment
13,410
17,619
25,249
Marketing
5,254
7,233
10,069
Technology and content
12,540
16,085
22,620
General and administrative
1,747
2,432
3,674
Other operating expense, net
171
167
214
Total operating expenses
104,773
131,801
173,760
Operating income
2,233
4,186
4,106
Interest income
50
100
202
Interest expense
(459)
(484)
(848)
Other income (expense), net
(256)
90
346
Total non-operating income (expense)
(665)
(294)
(300)
Income before income taxes
1,568
3,892
3,806
Provision for income taxes
(950)
(1,425)
(769)
Equity-method investment activity, net of tax
(22)
(96)
(4)
Net income
$
596 $
2,371 $
3,033
Basic earnings per share
$
1.28 $
5.01 $
6.32
Diluted earnings per share
$
1.25 $
4.90 $
6.15
Weighted-average shares used in computation of earnings per share:
Basic
467
474
480
Diluted
477
484
493
See accompanying notes to consolidated financial statements.
38 | {
"answer": "30.8%",
"justification": "The metric total revenue was directly extracted from the company 10K. The line item name, as seen in the 10K, was: Total net sales. The final step was to execute the desired percent change calculation on total revenue."
} |
As of May 26, 2023, what is the total amount Pepsico may borrow under its unsecured revolving credit agreements? | Item 8.01.
Other Events.
Effective May 26, 2023, PepsiCo, Inc. (PepsiCo) terminated the $3,800,000,000 364 day unsecured revolving credit agreement, dated as of
May 27, 2022, among PepsiCo, as borrower, the lenders party thereto, and Citibank, N.A., as administrative agent (the 2022 364 Day Credit
Agreement). There were no outstanding borrowings under the 2022 364 Day Credit Agreement at the time of its termination.
On May 26, 2023, PepsiCo entered into a new $4,200,000,000 364 day unsecured revolving credit agreement (the 2023 364 Day Credit
Agreement) among PepsiCo, as borrower, the lenders party thereto, and Citibank, N.A., as administrative agent. The 2023 364 Day Credit Agreement
enables PepsiCo and its borrowing subsidiaries to borrow up to $4,200,000,000 in U.S. Dollars and/or Euros, subject to customary terms and conditions,
and expires on May 24, 2024. PepsiCo may also, upon the agreement of either the then existing lenders or of additional banks not currently party to the
2023 364 Day Credit Agreement, increase the commitments under the 2023 364 Day Credit Agreement to up to $4,950,000,000 in U.S. Dollars and/or
Euros. PepsiCo may request renewal of the 2023 364 Day Credit Agreement for an additional 364 day period or convert any amounts outstanding into a
term loan for a period of up to one year, which term loan would mature no later than the anniversary of the then effective termination date. Subject to
certain conditions stated in the 2023 364 Day Credit Agreement, PepsiCo and its borrowing subsidiaries may borrow, prepay and reborrow amounts under
the 2023 364 Day Credit Agreement at any time during the term of the 2023 364 Day Credit Agreement. Funds borrowed under the 2023 364 Day Credit
Agreement may be used for general corporate purposes of PepsiCo and its subsidiaries. The 2023 364 Day Credit Agreement contains customary
representations and warranties and events of default. In the ordinary course of their respective businesses, the lenders under the 2023 364 Day Credit
Agreement and their affiliates have engaged, and may in the future engage, in commercial banking and/or investment banking transactions with PepsiCo
and its affiliates.
Effective May 26, 2023, PepsiCo terminated the $3,800,000,000 five year unsecured revolving credit agreement, dated as of May 27, 2022, among
PepsiCo, as borrower, the lenders party thereto, and Citibank, N.A., as administrative agent (the 2022 Five Year Credit Agreement). There were no
outstanding borrowings under the 2022 Five Year Credit Agreement at the time of its termination.
On May 26, 2023, PepsiCo entered into a new $4,200,000,000 five year unsecured revolving credit agreement (the 2023 Five Year Credit
Agreement) among PepsiCo, as borrower, the lenders party thereto, and Citibank, N.A., as administrative agent. The 2023 Five Year Credit Agreement
enables PepsiCo and its borrowing subsidiaries to borrow up to $4,200,000,000 in U.S. Dollars and/or Euros, including a $750,000,000 swing line
subfacility for Euro-denominated borrowings permitted to be borrowed on a same day basis, subject to customary terms and conditions, and expires on
May 26, 2028. PepsiCo may also, upon the agreement of either the then existing lenders or of additional banks not currently party to the 2023 Five Year
Credit Agreement, increase the commitments under the 2023 Five Year Credit Agreement to up to $4,950,000,000 in U.S. Dollars and/or Euros. PepsiCo
may, once a year, request renewal of the 2023 Five Year Credit Agreement for an additional one year period. Subject to certain conditions stated in the 2023
Five Year Credit Agreement, PepsiCo and its borrowing subsidiaries may borrow, prepay and reborrow amounts under the 2023 Five Year Credit
Agreement at any time during the term of the 2023 Five Year Credit Agreement. Funds borrowed under the 2023 Five Year Credit Agreement may be used
for general corporate purposes of PepsiCo and its subsidiaries. The 2023 Five Year Credit Agreement contains customary representations and warranties
and events of default. In the ordinary course of their respective businesses, the lenders under the 2023 Five Year Credit Agreement and their affiliates have
engaged, and may in the future engage, in commercial banking and/or investment banking transactions with PepsiCo and its affiliates. | {
"answer": "Total amount Pepsico may borrow under unsecured revolving credit agreements = $8,400,000,000.",
"justification": "Total amount that may be borrowed under unsecured revolving credit agreements = 2023, 364 day unsecured revolving credit agreement amount of $4,200,000,000 + 2023, five year unsecured revolving credit agreement amount of $4,200,000,000 = $8,400,000,000."
} |
We want to calculate a financial metric. Please help us compute it by basing your answers off of the cash flow statement and the income statement. Here's the question: what is the FY2022 retention ratio (using total cash dividends paid and net income attributable to shareholders) for General Mills? Round answer to two decimal places. | 45
Consolidated Statements of Earnings
GENERAL MILLS, INC. AND SUBSIDIARIES
(In Millions, Except per Share Data)
Fiscal Year
2022
2021
2020
Net sales
$
18,992.8
$
18,127.0
$
17,626.6
Cost of sales
12,590.6
11,678.7
11,496.7
Selling, general, and administrative expenses
3,147.0
3,079.6
3,151.6
Divestitures (gain) loss
(194.1)
53.5
-
Restructuring, impairment, and other exit (recoveries) costs
(26.5)
170.4
24.4
Operating profit
3,475.8
3,144.8
2,953.9
Benefit plan non-service income
(113.4)
(132.9)
(112.8)
Interest, net
379.6
420.3
466.5
Earnings before income taxes and after-tax earnings from joint ventures
3,209.6
2,857.4
2,600.2
Income taxes
586.3
629.1
480.5
After-tax earnings from joint ventures
111.7
117.7
91.1
Net earnings, including earnings attributable to redeemable and
noncontrolling interests
2,735.0
2,346.0
2,210.8
Net earnings attributable to redeemable and noncontrolling interests
27.7
6.2
29.6
Net earnings attributable to General Mills
$
2,707.3
$
2,339.8
$
2,181.2
Earnings per share basic
$
4.46
$
3.81
$
3.59
Earnings per share diluted
$
4.42
$
3.78
$
3.56
Dividends per share
$
2.04
$
2.02
$
1.96
See accompanying notes to consolidated financial statements. | {
"answer": "0.54",
"justification": "The metric in question was calculated using other simpler metrics. The various simpler metrics (from the current and, if relevant, previous fiscal year(s)) used were:\n\nMetric 1: Total cash dividends paid out. This metric was located in the 10K as a single line item named: Dividends paid.\n\nMetric 2: Net income. This metric was located in the 10K as a single line item named: Net earnings attributable to General Mills."
} |
Did AMD report customer concentration in FY22? | One customer accounted for 16% of our consolidated net revenue for the year ended December 31, 2022. Sales to this customer consisted of sales of products
from our Gaming segment. A loss of this customer would have a material adverse effect on our business. | {
"answer": "Yes, one customer accounted for 16% of consolidated net revenue",
"justification": "One customer ccounting for 16% of net evenue is a high customer concenration"
} |
Does Verizon have a reasonably healthy liquidity profile based on its quick ratio for FY 2022? If the quick ratio is not relevant to measure liquidity, please state that and explain why. | Consolidated Balance Sheets
Verizon Communications Inc. and Subsidiaries
(dollars in millions, except per share amounts)
At December 31,
2022
2021
Assets
Current assets
Cash and cash equivalents
$
2,605
$
2,921
Accounts receivable
25,332
24,742
Less Allowance for credit losses
826
896
Accounts receivable, net
24,506
23,846
Inventories
2,388
3,055
Prepaid expenses and other
8,358
6,906
Total current assets
37,857
36,728
Property, plant and equipment
307,689
289,897
Less Accumulated depreciation
200,255
190,201
Property, plant and equipment, net
107,434
99,696
Investments in unconsolidated businesses
1,071
1,061
Wireless licenses
149,796
147,619
Goodwill
28,671
28,603
Other intangible assets, net
11,461
11,677
Operating lease right-of-use assets
26,130
27,883
Other assets
17,260
13,329
Total assets
$
379,680
$
366,596
Liabilities and Equity
Current liabilities
Debt maturing within one year
$
9,963
$
7,443
Accounts payable and accrued liabilities
23,977
24,833
Current operating lease liabilities
4,134
3,859
Other current liabilities
12,097
11,025
Total current liabilities
50,171
47,160 | {
"answer": "No. The quick ratio was approximately 0.54 for Verizon. It indicated that Verizon does not have a healthy liquidity profile.",
"justification": "Quick ratio = (current assets - inventories - prepaid expenses) / current liabilities = (37857 - 2388 - 8358) / 50171 = 0.5403719"
} |
What production rate changes is Boeing forecasting for FY2023? | We must minimize disruption caused by production changes, achieve operational stability and implement productivity improvements in order to
meet customer demand and maintain our profitability. We have previously announced plans to adjust production rates on several of our
commercial aircraft programs. The 787 program is currently producing at low rates and we expect to gradually increase to 5 per month in 2023.
Production of the 777X is currently paused and is expected to resume in 2023. The 737 program has experienced operational and supply chain
challenges stabilizing production at 31 per month. We plan to gradually increase 737 production rates based on market demand and supply
chain capacity. | {
"answer": "Boeing forecasts an increase in the production rates for the 737, 777X and 787 aircrafts in 2023.",
"justification": "Boeing plans to gradually increase production rates for the 737 and 787 and to resume production of 777X."
} |
You are an investment banker and your only resource(s) to answer the following question is (are): the statement of financial position and the cash flow statement. Here's the question: what is the FY2015 operating cash flow ratio for Adobe? Operating cash flow ratio is defined as: cash from operations / total current liabilities. Round your answer to two decimal places. | 59
ADOBE SYSTEMS INCORPORATED
CONSOLIDATED BALANCE SHEETS
(In thousands, except par value)
November 27,
2015
November 28,
2014
ASSETS
Current assets:
Cash and cash equivalents.................................................................................................................... $
876,560
$
1,117,400
Short-term investments ........................................................................................................................
3,111,524
2,622,091
Trade receivables, net of allowances for doubtful accounts of $7,293 and $7,867, respectively........
672,006
591,800
Deferred income taxes..........................................................................................................................
95,279
Prepaid expenses and other current assets ...........................................................................................
161,802
175,758
Total current assets..........................................................................................................................
4,821,892
4,602,328
Property and equipment, net...................................................................................................................
787,421
785,123
Goodwill .................................................................................................................................................
5,366,881
4,721,962
Purchased and other intangibles, net.......................................................................................................
510,007
469,662
Investment in lease receivable................................................................................................................
80,439
80,439
Other assets.............................................................................................................................................
159,832
126,315
Total assets...................................................................................................................................... $
11,726,472
$
10,785,829
LIABILITIES AND STOCKHOLDERS EQUITY
Current liabilities:
Trade payables...................................................................................................................................... $
93,307
$
68,377
Accrued expenses.................................................................................................................................
678,364
683,866
Debt and capital lease obligations........................................................................................................
603,229
Accrued restructuring...........................................................................................................................
1,520
17,120
Income taxes payable...........................................................................................................................
6,165
23,920
Deferred revenue..................................................................................................................................
1,434,200
1,097,923
Total current liabilities....................................................................................................................
2,213,556
2,494,435
Long-term liabilities:
Debt and capital lease obligations........................................................................................................
1,907,231
911,086
Deferred revenue..................................................................................................................................
51,094
57,401
Accrued restructuring...........................................................................................................................
3,214
5,194
Income taxes payable...........................................................................................................................
256,129
125,746
Deferred income taxes..........................................................................................................................
208,209
342,315
Other liabilities.....................................................................................................................................
85,459
73,747
Total liabilities................................................................................................................................
4,724,892
4,009,924
Commitments and contingencies
Stockholders equity:
Preferred stock, $0.0001 par value; 2,000 shares authorized; none issued..........................................
Common stock, $0.0001 par value; 900,000 shares authorized; 600,834 shares issued;
497,809 and 497,484 shares outstanding, respectively......................................................................
61
61
Additional paid-in-capital ....................................................................................................................
4,184,883
3,778,495
Retained earnings.................................................................................................................................
7,253,431
6,924,294
Accumulated other comprehensive income (loss) ...............................................................................
(169,080)
(8,094)
Treasury stock, at cost (103,025 and 103,350 shares, respectively), net of reissuances......................
(4,267,715)
(3,918,851)
Total stockholders equity...............................................................................................................
7,001,580
6,775,905
Total liabilities and stockholders equity........................................................................................ $
11,726,472
$
10,785,829
See accompanying Notes to Consolidated Financial Statements. | {
"answer": "0.66",
"justification": "The metric in question was calculated using other simpler metrics. The various simpler metrics (from the current and, if relevant, previous fiscal year(s)) used were:\n\nMetric 1: Cash from operations. This metric was located in the 10K as a single line item named: Net cash provided by operating activities.\n\nMetric 2: Total current liabilities. This metric was located in the 10K as a single line item named: Total current liabilities."
} |
At the Pepsico AGM held on May 3, 2023, what was the outcome of the shareholder vote on the shareholder proposal for a congruency report by Pepsico on net-zero emissions policies? | (8) The shareholder proposal regarding a congruency report on net-zero emissions policies was defeated:
For
19,718,780
Against
977,228,788 | {
"answer": "The shareholder proposal for a congruency report by Pepsico on net-zero emissions policies was defeated.",
"justification": null
} |
What was the key agenda of the AMCOR's 8k filing dated 1st July 2022? | On June 30, 2022, Amcor Finance (USA), Inc. (the Former Issuer) and Amcor Flexibles North America, Inc. (the Substitute Issuer),
each a wholly-owned subsidiary of Amcor plc (the Company), entered into a (i) Second Supplemental Indenture (the Second Supplemental
Indenture) with the Trustee (as defined below) with respect to the Indenture, dated as of April 28, 2016 (as amended and/or supplemented to
date, the 2016 Indenture and, together with the Second Supplemental Indenture, the 2016 Indenture), among the Former Issuer, the
guarantors party thereto and Deutsche Bank Trust Company Americas, as trustee (the Trustee), governing the Former Issuers (a) 3.625%
Guaranteed Senior Notes due 2026 (the 2026 Notes) and (b) 4.500% Guaranteed Senior Notes due 2028 (the 2028 Notes and, together with
the 2026 Notes, the Existing Notes) and (ii) First Supplemental Indenture (the First Supplemental Indenture and, together with the Second
Supplemental Indenture, the Supplemental Indentures) with the Trustee with respect to the Indenture, dated as of June 13, 2019 (as amended
and/or supplemented to date, the 2019 Indenture and, together with the First Supplemental Indenture, the 2019 Indenture and, together with
the 2016 Indenture, the Indentures), among the Former Issuer, the guarantors party thereto and the Trustee, governing the Former Issuers
(a) 3.625% Guaranteed Senior Notes due 2026 (the New 2026 Notes) and (b) 4.500% Guaranteed Senior Notes due 2028 (the New 2028
Notes and, together with the New 2026 Notes, the New Notes), in each case, relating to the substitution of the Substitute Issuer for the Former
Issuer and the assumption by the Substitute Issuer of the covenants of the Former Issuer under the Indentures. As disclosed in the Companys
Current Report on Form 8-K, filed with the Securities and Exchange Commission (the SEC) on June 17, 2019, the New Notes were issued in
June 2019 following the completion of the Former Issuers exchange offer to certain eligible holders of the Existing Notes. | {
"answer": "Amcor Finance (USA), Inc. and Amcor Flexibles North America, Inc., entered into supplemental indentures relating to Guaranteed Senior Notes due 2026 and 2028. This involved the substitution of the Substitute Issuer (Amcor Flexibles North America) for the Former Issuer (Amcor Finance) and the assumption of covenants under the indentures. (In essence a novation agreement)",
"justification": null
} |
What is Amazon's FY2017 days payable outstanding (DPO)? DPO is defined as: 365 * (average accounts payable between FY2016 and FY2017) / (FY2017 COGS + change in inventory between FY2016 and FY2017). Round your answer to two decimal places. Address the question by using the line items and information shown within the balance sheet and the P&L statement. | Table of Contents
AMAZON.COM, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share data)
Year Ended December 31,
2015
2016
2017
Net product sales
$
79,268 $
94,665 $
118,573
Net service sales
27,738
41,322
59,293
Total net sales
107,006
135,987
177,866
Operating expenses:
Cost of sales
71,651
88,265
111,934
Fulfillment
13,410
17,619
25,249
Marketing
5,254
7,233
10,069
Technology and content
12,540
16,085
22,620
General and administrative
1,747
2,432
3,674
Other operating expense, net
171
167
214
Total operating expenses
104,773
131,801
173,760
Operating income
2,233
4,186
4,106
Interest income
50
100
202
Interest expense
(459)
(484)
(848)
Other income (expense), net
(256)
90
346
Total non-operating income (expense)
(665)
(294)
(300)
Income before income taxes
1,568
3,892
3,806
Provision for income taxes
(950)
(1,425)
(769)
Equity-method investment activity, net of tax
(22)
(96)
(4)
Net income
$
596 $
2,371 $
3,033
Basic earnings per share
$
1.28 $
5.01 $
6.32
Diluted earnings per share
$
1.25 $
4.90 $
6.15
Weighted-average shares used in computation of earnings per share:
Basic
467
474
480
Diluted
477
484
493
See accompanying notes to consolidated financial statements.
38 | {
"answer": "93.86",
"justification": "The metric in question was calculated using other simpler metrics. The various simpler metrics (from the current and, if relevant, previous fiscal year(s)) used were:\n\nMetric 1: Accounts payable. This metric was located in the 10K as a single line item named: Accounts payable.\n\nMetric 2: Inventories. This metric was located in the 10K as a single line item named: Inventories.\n\nMetric 3: Cost of goods sold. This metric was located in the 10K as a single line item named: Cost of sales."
} |
What is the FY2018 - FY2020 3 year average of capex as a % of revenue for MGM Resorts? Answer in units of percents and round to one decimal place. Please utilize information provided primarily within the statement of cash flows and the statement of income. | MGM RESORTS INTERNATIONAL AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
Year Ended December 31,
2020
2019
2018
Revenues
Casino
$
2,871,720
$
6,517,759
$
5,753,150
Rooms
830,382
2,322,579
2,212,573
Foodandbeverage
696,040
2,145,247
1,959,021
Entertainment,retailandother
518,991
1,477,200
1,412,860
Reimbursedcosts
244,949
436,887
425,492
5,162,082
12,899,672
11,763,096
Expenses
Casino
1,701,783
3,623,899
3,199,775
Rooms
419,156
829,677
791,761
Foodandbeverage
674,118
1,661,626
1,501,868
Entertainment,retailandother
412,705
1,051,400
999,979
Reimbursedcosts
244,949
436,887
425,492
Generalandadministrative
2,122,333
2,101,217
1,764,638
Corporateexpense
460,148
464,642
419,204
Preopeningandstart-upexpenses
84
7,175
151,392
Propertytransactions,net
93,567
275,802
9,147
GainonREITtransactions,net
(1,491,945)
(2,677,996)
Depreciationandamortization
1,210,556
1,304,649
1,178,044
5,847,454
9,078,978
10,441,300
Income from unconsolidated affiliates
42,938
119,521
147,690
Operating income (loss)
(642,434)
3,940,215
1,469,486
Non-operating income (expense)
Interestexpense,netofamountscapitalized
(676,380)
(847,932)
(769,513)
Non-operatingitemsfromunconsolidatedaffiliates
(103,304)
(62,296)
(47,827)
Other,net
(89,361)
(183,262)
(18,140)
(869,045)
(1,093,490)
(835,480)
Income (loss) before income taxes
(1,511,479)
2,846,725
634,006
Benefit(provision)forincometaxes
191,572
(632,345)
(50,112)
Net income (loss)
(1,319,907)
2,214,380
583,894
Less:Net(income)lossattributabletononcontrollinginterests
287,183
(165,234)
(117,122)
Net income (loss) attributable to MGM Resorts International
$
(1,032,724)
$
2,049,146
$
466,772
Earnings (loss) per share
Basic
$
(2.02)
$
3.90
$
0.82
Diluted
$
(2.02)
$
3.88
$
0.81
Weighted average common shares outstanding
Basic
494,152
524,173
544,253
Diluted
494,152
527,645
549,536
The accompanying notes are an integral part of these consolidated financial statements.
63 | {
"answer": "7.9%",
"justification": "The metric in question was calculated using other simpler metrics. The various simpler metrics (from the current and, if relevant, previous fiscal year(s)) used were:\n\nMetric 1: Capital expenditures. This metric was located in the 10K as a single line item named: Capital expenditures, net of construction payable.\n\nMetric 2: Total revenue. This metric was located in the 10K as a single line item named: [blank line item referring to total revenue]."
} |
Taking into account the information outlined in the income statement, what is the FY2019 - FY2021 3 year average unadjusted operating income % margin for Corning? Answer in units of percents and round to one decimal place. | TableofContents
Consolidated Statements of Income
Corning Incorporated and Subsidiary Companies
YearendedDecember31,
(Inmillions,exceptpershareamounts)
2021
2020
2019
Netsales
$
14,082 $
11,303 $
11,503
Costofsales
9,019
7,772
7,468
Grossmargin
5,063
3,531
4,035
Operatingexpenses:
Selling,generalandadministrativeexpenses
1,827
1,747
1,585
Research,developmentandengineeringexpenses
995
1,154
1,031
Amortizationofpurchasedintangibles
129
121
113
Operatingincome
2,112
509
1,306
Equityinearnings(losses)ofaffiliatedcompanies(Note3)
35
(25)
17
Interestincome
11
15
21
Interestexpense
(300)
(276)
(221)
Translatedearningscontractgain(loss),net(Note15)
354
(38)
248
Transaction-relatedgain,net(Note4)
498
Otherincome(expense),net
185
(60)
(155)
Incomebeforeincometaxes
2,397
623
1,216
Provisionforincometaxes(Note8)
(491)
(111)
(256)
NetincomeattributabletoCorningIncorporated
$
1,906 $
512 $
960
EarningspercommonshareattributabletoCorningIncorporated:
Basic(Note18)
$
1.30 $
0.54 $
1.11
Diluted(Note18)
$
1.28 $
0.54 $
1.07
ReconciliationofnetincomeattributabletoCorningIncorporatedversusnetincomeavailabletocommon
shareholders:
NetincomeattributabletoCorningIncorporated
$
1,906 $
512 $
960
SeriesAconvertiblepreferredstockdividend
(24)
(98)
(98)
Excessconsiderationpaidforredemptionofpreferredstock(1)
(803)
Netincomeavailabletocommonshareholders
$
1,079 $
414 $
862
(1)
RefertoNote17(Shareholders'Equity)andNote18(EarningsperCommonShare)totheconsolidatedfinancialstatementsforadditionalinformation.
Theaccompanyingnotesareanintegralpartoftheseconsolidatedfinancialstatements.
65 | {
"answer": "10.3%",
"justification": "The metric in question was calculated using other simpler metrics. The various simpler metrics (from the current and, if relevant, previous fiscal year(s)) used were:\n\nMetric 1: Unadjusted operating income. This metric was located in the 10K as a single line item named: Operating income.\n\nMetric 2: Total revenue. This metric was located in the 10K as a single line item named: Net sales."
} |
Does American Water Works have positive working capital based on FY2022 data? If working capital is not a useful or relevant metric for this company, then please state that and explain why. | American Water Works Company, Inc. and Subsidiary Companies
Consolidated Balance Sheets
(In millions, except share and per share data)
December 31, 2022
December 31, 2021
ASSETS
Property, plant and equipment
$
29,736
$
27,413
Accumulated depreciation
(6,513)
(6,329)
Property, plant and equipment, net
23,223
21,084
Current assets:
Cash and cash equivalents
85
116
Restricted funds
32
20
Accounts receivable, net of allowance for uncollectible accounts of $60 and $75, respectively
334
271
Income tax receivable
114
4
Unbilled revenues
275
248
Materials and supplies
98
57
Assets held for sale
683
Other
312
155
Total current assets
1,250
1,554 | {
"answer": "No, American Water Works had negative working capital of -$1561M in FY 2022.",
"justification": "Accounts receivable+Income tax receivable+Unbilled revenues+Materials and supplies+other-Accounts payable-Accrued liabilities-Accrued taxes\n334+114+275+98+312-254-706-49"
} |
Has Pepsico reported any materially important ongoing legal battles from FY2022 and FY2021? | Item 3. Legal Proceedings.
We and our subsidiaries are party to a variety of litigation, claims, legal or regulatory proceedings, inquiries and investigations.
While the results of such litigation, claims, legal or regulatory proceedings, inquiries and investigations cannot be predicted with
certainty, management believes that the final outcome of the foregoing will not have a material adverse effect on our financial
condition, results of operations or cash flows. See also Item 1. Business Regulatory Matters and Item 1A. Risk Factors. | {
"answer": "No, Pepsico is not involved in material legal battles.",
"justification": "Management believes the final outcome of legal proceedings will not have a material adverse outcome."
} |
What are the major products and services that AMD sells as of FY22? | Overview
We are a global semiconductor company primarily offering:
server microprocessors (CPUs) and graphics processing units (GPUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), and
Adaptive System-on-Chip (SoC) products for data centers;
CPUs, accelerated processing units (APUs) that integrate CPUs and GPUs, and chipsets for desktop and notebook personal computers;
discrete GPUs, and semi-custom SoC products and development services; and
embedded CPUs, GPUs, APUs, FPGAs, and Adaptive SoC products.
From time to time, we may also sell or license portions of our intellectual property (IP) portfolio. | {
"answer": "AMD sells server microprocessors (CPUs) and graphics processing units (GPUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), and Adaptive System-on-Chip (SoC) products for data centers; CPUs, accelerated processing units (APUs) that integrate CPUs and GPUs, and chipsets for desktop and notebook personal computers; discrete GPUs, and semi-custom SoC products and development services; and embedded CPUs, GPUs, APUs, FPGAs, and Adaptive SoC products.",
"justification": null
} |
What is the FY2017 - FY2019 3 year average of capex as a % of revenue for Activision Blizzard? Answer in units of percents and round to one decimal place. Calculate (or extract) the answer from the statement of income and the cash flow statement. | Table of Contents
ACTIVISION BLIZZARD, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in millions, except per share data)
For the Years Ended December 31,
2019
2018
2017
Net revenues
Product sales
$
1,975
$
2,255 $
2,110
Subscription, licensing, and other revenues
4,514
5,245
4,907
Total net revenues
6,489
7,500
7,017
Costs and expenses
Cost of revenuesproduct sales:
Product costs
656
719
733
Software royalties, amortization, and intellectual property licenses
240
371
300
Cost of revenuessubscription, licensing, and other revenues:
Game operations and distribution costs
965
1,028
984
Software royalties, amortization, and intellectual property licenses
233
399
484
Product development
998
1,101
1,069
Sales and marketing
926
1,062
1,378
General and administrative
732
822
745
Restructuring and related costs
132
10
15
Total costs and expenses
4,882
5,512
5,708
Operating income
1,607
1,988
1,309
Interest and other expense (income), net (Note 18)
(26)
71
146
Loss on extinguishment of debt
40
12
Income before income tax expense
1,633
1,877
1,151
Income tax expense
130
29
878
Net income
$
1,503
$
1,848 $
273
Earnings per common share
Basic
$
1.96
$
2.43 $
0.36
Diluted
$
1.95
$
2.40 $
0.36
Weighted-average number of shares outstanding
Basic
767
762
754
Diluted
771
771
766
The accompanying notes are an integral part of these Consolidated Financial Statements.
F-5 | {
"answer": "1.9%",
"justification": "The metric in question was calculated using other simpler metrics. The various simpler metrics (from the current and, if relevant, previous fiscal year(s)) used were:\n\nMetric 1: Capital expenditures. This metric was located in the 10K as a single line item named: Capital expenditures.\n\nMetric 2: Total revenue. This metric was located in the 10K as a single line item named: Total net revenues."
} |
In 2022 Q2, which of JPM's business segments had the highest net income? | Segment results managed basis
The following tables summarize the Firms results by segment for the periods indicated.
Three months ended June 30,
Consumer & Community Banking
Corporate & Investment Bank
Commercial Banking
(in millions, except ratios)
2022
2021
Change
2022
2021
Change
2022
2021
Change
Total net revenue
$
12,614 $
12,760
(1) %
$ 11,947
$
13,214
(10) %
$
2,683
$
2,483
8 %
Total noninterest expense
7,723
7,062
9
6,745
6,523
3
1,156
981
18
Pre-provision profit/(loss)
4,891
5,698
(14)
5,202
6,691
(22)
1,527
1,502
2
Provision for credit losses
761
(1,868)
NM
59
(79)
NM
209
(377)
NM
Net income/(loss)
3,100
5,645
(a)
(45)
3,725
5,020
(a)
(26)
994
1,422
(a)
(30)
Return on equity (ROE)
24 %
44 %
14 %
23 %
15 %
23 %
Three months ended June 30,
Asset & Wealth Management
Corporate
Total
(in millions, except ratios)
2022
2021
Change
2022
2021
Change
2022
2021
Change
Total net revenue
$
4,306
$
4,107
5 %
$
80 $ (1,169)
NM
$ 31,630
$
31,395
1 %
Total noninterest expense
2,919
2,586
13
206
515
(60)
18,749
17,667
6
Pre-provision profit/(loss)
1,387
1,521
(9)
(126)
(1,684)
93
12,881
13,728
(6)
Provision for credit losses
44
(10)
NM
28
49
(43)
1,101
(2,285)
NM
Net income/(loss)
1,004
1,156
(a)
(13)
(174)
(1,295)
(a)
87
8,649
11,948
(28)
ROE
23 %
32 %
NM
NM
13 %
18 % | {
"answer": "Corporate & Investment Bank. Its net income was $3725 million.",
"justification": "3725 > 3100 > 1004 > 994 > -174"
} |
Which debt securities are registered to trade on a national securities exchange under Ulta Beauty's name as of FY2023? | UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-K
Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
For the fiscal year ended January 28, 2023
or
Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
For the transition period from _____________ to _____________
Commission File Number: 001-33764
ULTA BEAUTY, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of
incorporation or organization)
38-4022268
(I.R.S. Employer
Identification No.)
1000 Remington Blvd., Suite 120
Bolingbrook, Illinois
(Address of principal executive offices)
60440
(Zip code)
Registrants telephone number, including area code: (630) 410-4800
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading symbol
Name of each exchange on which registered
Common stock, par value $0.01 per share
ULTA
The NASDAQ Global Select Market
Securities registered pursuant to Section 12(g) of the Act: None | {
"answer": "There are none",
"justification": "No debt securities listed under securities registered pursuant to Section 12(b) of the Act."
} |