The Audit Committee has appointed E&Y as the company's independent accountants to audit
the consolidated financial statements of the company for fiscal 2014.
The Audit Committee has appointed EY as the company's independent accountants to audit
the consolidated financial statements of the company for fiscal 2016.
Not exact matches
Balance sheet, income
statement, cash flow
statement,
statement of changes in shareholders» equity and information by business division included in this press release are extracted from the condensed
consolidated financial statements at 31 March 2018 reviewed by the Board
of Directors
of Arkema SA on 2 May 2018.
This note presents a reconciliation
of these indicators and the aggregates from the
consolidated financial statements under IFRS.
BriefCam, Ltd., in which the Company has a $ 3.1 million investment reported in the Company's
consolidated financial statements at cost basis, recently announced 100 % revenue growth in 2017, the release
of its next generation video content analytics platform and receipt
of Security Today's 2018 Platinum Govie Award for video analytics.
To supplement the Company's
consolidated financial statements presented in accordance with generally accepted accounting principles, or GAAP, Cree uses non-GAAP measures
of certain components
of financial performance.
The GAAP
financial measure most directly comparable to each non-GAAP adjusted
financial measure used or discussed, and a reconciliation
of the differences between each non-GAAP adjusted
financial measure and the comparable GAAP
financial measure, is included in this press release after the condensed
consolidated financial statements.
We announced our proposed E-commerce joint venture in December 2017; upon closing
of that transaction, which we expect will occur in Q2 2018, we will stop including the full results
of that business in our
consolidated financial statements.
Yandex.Taxi Chief Executive Tigran Khudaverdyan will become the CEO
of the combined business and Yandex will
consolidate the new company's results in its
financial statements.
We discussed with PricewaterhouseCoopers matters that independent registered public accounting firms must discuss with audit committees under generally accepted auditing standards and standards
of the Public Company Accounting Oversight Board («PCAOB»), including, among other things, matters related to the conduct
of the audit
of the Company's
consolidated financial statements and the matters required to be discussed by PCAOB AU 380 (Communications with Audit Committees).
This review included a discussion with management and the independent auditor
of the quality (not merely the acceptability)
of the Company's accounting principles, the reasonableness
of significant estimates and judgments, and the disclosures in the Company's
consolidated financial statements, including the disclosures related to critical accounting policies.
Although the Company was organized and intends to conduct its business in a manner so that it is not required to register as an investment company under the Investment Company Act
of 1940, as amended, the
consolidated financial statements are prepared using the specialized accounting principles of the Financial Accounting Standards Board Accounting Standards Codification («ASC») Topic 946, Financial Services — Investment C
financial statements are prepared using the specialized accounting principles
of the
Financial Accounting Standards Board Accounting Standards Codification («ASC») Topic 946, Financial Services — Investment C
Financial Accounting Standards Board Accounting Standards Codification («ASC») Topic 946,
Financial Services — Investment C
Financial Services — Investment Companies.
You should carefully consider the risks and uncertainties described below, together with all
of the other information in this prospectus, including our
consolidated financial statements and related notes, before deciding whether to purchase shares
of our Class A common stock.
The independent auditors are responsible for performing independent audits
of the Company's
consolidated financial statements and the Company's internal control over
financial reporting in accordance with the standards
of the Public Company Accounting Oversight Board (United States).
The assumptions used in the valuation
of these awards are set forth in the notes to our
consolidated financial statements, which are included in our Annual Report on Form 10 - K for the year ended December 31, 2017, filed with the SEC on February 23, 2018.
Forward - looking
statements may include, among others,
statements concerning our projected adjusted income (loss) from operations outlook for 2018, on both a
consolidated and segment basis; projected total revenue growth and global medical customer growth, each over year end 2017; projected growth beyond 2018; projected medical care and operating expense ratios and medical cost trends; our projected
consolidated adjusted tax rate; future
financial or operating performance, including our ability to deliver personalized and innovative solutions for our customers and clients; future growth, business strategy, strategic or operational initiatives; economic, regulatory or competitive environments, particularly with respect to the pace and extent
of change in these areas; financing or capital deployment plans and amounts available for future deployment; our prospects for growth in the coming years; the proposed merger (the «Merger») with Express Scripts Holding Company («Express Scripts») and other
statements regarding Cigna's future beliefs, expectations, plans, intentions,
financial condition or performance.
The Carlyle Group L.P. will
consolidate the
financial results
of Carlyle Holdings and its
consolidated subsidiaries, and the ownership interest
of the limited partners
of Carlyle Holdings will be reflected as a non-controlling interest in The Carlyle Group L.P.'s
consolidated financial statements.
Refer to Note 6 in the notes to our
consolidated financial statements for further discussion regarding the nature
of the legal settlement.
E&Y served as the company's independent accountants for fiscal 2013 and reported on the company's
consolidated financial statements for that year, as well as the effectiveness
of the company's internal control over
financial reporting.
Walmart's independent accountants are responsible for auditing Walmart's annual
consolidated financial statements in accordance with the standards
of the Public Company Accounting Oversight Board, and for auditing the effectiveness
of Walmart's internal control over
financial reporting.
Walmart's management is responsible for Walmart's internal control over
financial reporting and the preparation
of Walmart's
consolidated financial statements.
The EI program will continue to be fully
consolidated as part
of the Government
of Canada's annual
financial statements.
The historical
consolidated financial statements have been adjusted in the accompanying pro forma
financial information to give effect to unaudited pro forma events that are (1) directly attributable to the 2015 Merger, (2) factually supportable and (3) expected to have a continuing impact on the results
of operations
of the combined company.
on a pro forma basis, giving effect to (i) the automatic conversion
of all
of our outstanding shares
of convertible preferred stock other than Series FP preferred stock into shares
of Class B common stock and the conversion
of Series FP preferred stock into shares
of Class C common stock in connection with our initial public offering, (ii) stock - based compensation expense
of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as
of December 31, 2016 and which we will recognize on the effectiveness
of our registration
statement in connection with a qualifying initial public offering, as further described in Note 1 to our
consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and other current liabilities and an equivalent decrease in additional paid - in capital
of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per share, which is the fair value
of our common stock as
of December 31, 2016, as we intend to issue shares
of Class A common stock and Class B common stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net issuance
of 7.6 million shares
of Class A common stock and 5.5 million shares
of Class B common stock that will vest and be issued from the settlement
of such RSUs, (v) the issuance
of the CEO award, as described below, and (vi) the filing and effectiveness
of our amended and restated certificate
of incorporation which will be in effect on the completion
of this offering.
You should read the following summary together with the more detailed information appearing in this prospectus, including «Selected
Consolidated Financial Data,» «Management's Discussion and Analysis of Financial Condition and Results of Operations,» «Risk Factors,» «Business» and our consolidated financial statements and related notes before deciding whether to purchase shares of our capit
Financial Data,» «Management's Discussion and Analysis
of Financial Condition and Results of Operations,» «Risk Factors,» «Business» and our consolidated financial statements and related notes before deciding whether to purchase shares of our capit
Financial Condition and Results
of Operations,» «Risk Factors,» «Business» and our
consolidated financial statements and related notes before deciding whether to purchase shares of our capit
financial statements and related notes before deciding whether to purchase shares
of our capital stock.
The Company prepares its
consolidated financial statements in conformity with generally accepted accounting principles in the United States
of America («GAAP»), which requires it to make estimates and assumptions that affect the reported amounts
of assets and liabilities and disclosure
of contingent assets and liabilities at the date
of the
financial statements, and the reported amounts
of sales and expenses during the reporting period.
The pro forma
consolidated balance sheet data gives effect to (i) the automatic conversion
of all
of our outstanding shares
of convertible preferred stock other than Series FP preferred stock into shares
of Class B common stock and the conversion
of Series FP preferred stock into shares
of Class C common stock in connection with our initial public offering, (ii) stock - based compensation expense
of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as
of December 31, 2016 and which we will recognize on the effectiveness
of our registration
statement in connection with this offering, as further described in Note 1 to our
consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and other current liabilities and an equivalent decrease in additional paid - in capital
of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per share, which is the fair value
of our common stock as
of December 31, 2016, as we intend to issue shares
of Class A common stock and Class B common stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net issuance
of 7.6 million shares
of Class A common stock and 5.5 million shares
of Class B common stock that will vest and be issued from the settlement
of such RSUs, (v) the issuance
of the CEO award, as described below, and (vi) the filing and effectiveness
of our amended and restated certificate
of incorporation which will be in effect on the completion
of this offering.
Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the
consolidated financial statements are free
of material misstatement.
You should carefully consider the risks and uncertainties described below, together with all
of the other information in this prospectus, including the section titled «Management's Discussion and Analysis
of Financial Condition and Results of Operations» and our consolidated financial statements and related notes, before making a decision to invest in our Class A comm
Financial Condition and Results
of Operations» and our
consolidated financial statements and related notes, before making a decision to invest in our Class A comm
financial statements and related notes, before making a decision to invest in our Class A common stock.
Twitter's independent registered public accounting firm, PricewaterhouseCoopers LLP («PwC»), is responsible for performing an independent audit
of Twitter's
consolidated financial statements and
of Twitter's internal control over
financial reporting in accordance with the auditing standards
of the Public Company Accounting Oversight Board (United States) and to issue a report thereon.
FedEx's independent registered public accounting firm is responsible for performing an audit
of FedEx's
consolidated financial statements and expressing an opinion on the fair presentation
of those
financial statements in conformity with United States generally accepted accounting principles.
The Audit Committee reviewed and discussed with the independent registered public accounting firm the audited
consolidated financial statements for the fiscal year ended May 31, 2014, the firm's judgments as to the acceptability and quality
of FedEx's accounting principles and such other matters as are required to be discussed with the Audit Committee under the standards
of the Public Company Accounting Oversight Board (United States)(the «PCAOB»), including those matters required to be discussed by Auditing Standard No. 16, Communications with Audit Committees.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking
statements include, but are not limited to, operating in a highly competitive industry; changes in the retail landscape or the loss
of key retail customers; the Company's ability to maintain, extend and expand its reputation and brand image; the impacts
of the Company's international operations; the Company's ability to leverage its brand value; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share, or add products; an impairment
of the carrying value
of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's ability to realize the anticipated benefits from its cost savings initiatives; changes in relationships with significant customers and suppliers; the execution
of the Company's international expansion strategy; tax law changes or interpretations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the United States and in various other nations in which we operate; the volatility
of capital markets; increased pension, labor and people - related expenses; volatility in the market value
of all or a portion
of the derivatives we use; exchange rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation
of data or breaches
of security; the Company's ability to protect intellectual property rights; impacts
of natural events in the locations in which we or the Company's customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's ownership structure; the impact
of future sales
of its common stock in the public markets; the Company's ability to continue to pay a regular dividend; changes in laws and regulations; restatements
of the Company's
consolidated financial statements; and other factors.
You should read the following summary together with the more detailed information appearing in this prospectus, including «Risk Factors,» «Selected
Consolidated Financial Data,» «Management's Discussion and Analysis of Financial Condition and Results of Operations,» «Business» and our consolidated financial statements and related notes before deciding whether to purchase shares of our Class A comm
Financial Data,» «Management's Discussion and Analysis
of Financial Condition and Results of Operations,» «Business» and our consolidated financial statements and related notes before deciding whether to purchase shares of our Class A comm
Financial Condition and Results
of Operations,» «Business» and our
consolidated financial statements and related notes before deciding whether to purchase shares of our Class A comm
financial statements and related notes before deciding whether to purchase shares
of our Class A common stock.
Many factors could cause BlackBerry's actual results, performance or achievements to differ materially from those expressed or implied by the forward - looking
statements, including, without limitation: BlackBerry's ability to enhance its current products and services, or develop new products and services in a timely manner or at competitive prices, including risks related to new product introductions; risks related to BlackBerry's ability to mitigate the impact
of the anticipated decline in BlackBerry's infrastructure access fees on its
consolidated revenue by developing an integrated services and software offering; intense competition, rapid change and significant strategic alliances within BlackBerry's industry; BlackBerry's reliance on carrier partners and distributors; risks associated with BlackBerry's foreign operations, including risks related to recent political and economic developments in Venezuela and the impact
of foreign currency restrictions; risks relating to network disruptions and other business interruptions, including costs, potential liabilities, lost revenues and reputational damage associated with service interruptions; risks related to BlackBerry's ability to implement and to realize the anticipated benefits
of its CORE program; BlackBerry's ability to maintain or increase its cash balance; security risks; BlackBerry's ability to attract and retain key personnel; risks related to intellectual property rights; BlackBerry's ability to expand and manage BlackBerry ® World ™; risks related to the collection, storage, transmission, use and disclosure
of confidential and personal information; BlackBerry's ability to manage inventory and asset risk; BlackBerry's reliance on suppliers
of functional components for its products and risks relating to its supply chain; BlackBerry's ability to obtain rights to use software or components supplied by third parties; BlackBerry's ability to successfully maintain and enhance its brand; risks related to government regulations, including regulations relating to encryption technology; BlackBerry's ability to continue to adapt to recent board and management changes and headcount reductions; reliance on strategic alliances with third - party network infrastructure developers, software platform vendors and service platform vendors; BlackBerry's reliance on third - party manufacturers; potential defects and vulnerabilities in BlackBerry's products; risks related to litigation, including litigation claims arising from BlackBerry's practice
of providing forward - looking guidance; potential charges relating to the impairment
of intangible assets recorded on BlackBerry's balance sheet; risks as a result
of actions
of activist shareholders; government regulation
of wireless spectrum and radio frequencies; risks related to economic and geopolitical conditions; risks associated with acquisitions; foreign exchange risks; and difficulties in forecasting BlackBerry's
financial results given the rapid technological changes, evolving industry standards, intense competition and short product life cycles that characterize the wireless communications industry.
In our opinion, the accompanying
consolidated balance sheets and the related
consolidated statements of operations, redeemable non-controlling interest, redeemable convertible preferred stock and stockholder's deficit and cash flows present fairly, in all material respects, the
financial position
of Zipcar, Inc. and its subsidiaries (the «Company») at December 31, 2008 and 2009, and the results
of their operations and their cash flows for each
of the three years in the period ended December 31, 2009 in conformity with accounting principles generally accepted in the United States
of America.
In re HP Securities Litigation consists
of two
consolidated putative class actions filed on November 26 and 30, 2012 in the United States District Court for the Northern District
of California alleging, among other things, that from August 19, 2011 to November 20, 2012, the defendants violated Sections 10 (b) and 20 (a)
of the Exchange Act by concealing material information and making false
statements related to Parent's acquisition
of Autonomy and the
financial performance
of Parent's enterprise services business.
In our opinion, the accompanying
consolidated balance sheets and the related
consolidated statements of operations, comprehensive loss, redeemable convertible preferred stock, convertible preferred stock and stockholders» deficit, and cash flows present fairly, in all material respects, the
financial position
of Twitter, Inc. and its subsidiaries (the «Company») at December 31, 2012 and 2011, and the results
of their operations and their cash flows for each
of the three years in the period ended December 31, 2012 in conformity with accounting principles generally accepted in the United States
of America.
After the completion
of this offering, we will operate and control the business affairs
of Desert Newco as its sole managing member, conduct our business through Desert Newco and its subsidiaries and include Desert Newco in our
consolidated financial statements.
You should read the following summary together with the more detailed information appearing in this prospectus, especially the «Risk Factors» section beginning on page 9 and our
consolidated financial statements and related notes, before deciding whether to purchase shares
of our common stock.
Ernst & Young LLP («Ernst & Young»), the independent auditor, is responsible for performing an independent audit
of the Company's
consolidated financial statements and an independent audit
of the Company's internal controls over
financial reporting, both in accordance with the standards
of the Public Company Accounting Oversight Board (United States)(«PCAOB»).
When working to adjust,
consolidate or reduce consumer debts, utilize the provision
of the Federal Fair Credit Reporting Act to submit to each
of the consumer credit reporting agencies an up to 200 - word
statement as to what has caused the
financial distress and the need to adjust.
On June 26, 2007, the Company amended an Agreement and Plan
of Merger between affiliates
of the Company and Fiberxon, Inc. that was initially entered into on January 26, 2007 (the «Merger Agreement») to, among other things, remove as a condition precedent for the consummation
of the merger that Fiberxon, Inc. deliver to MRVC its audited
consolidated financial statements prior to the closing
of the transaction.
Essential for understanding the dynamics
of many companies are not only
consolidated financial statements but, also, how
financial statements are
consolidated.
In
consolidated financial statements (i) the item in the balance sheet
of the parent company representing that portion
of the assets
of a
consolidated subsidiary considered as accruing to the shares
of the subsidiary not owned by the parent; and (ii) the item deducted in the earnings
statement of the parent and representing that portion
of the subsidiary's earnings considered as accruing to the subsidiary's shares not owned by the parent.
Its most recent
financial statements reflect
consolidated assets
of approximately $ 16.16 billion and common shareholders» equity
of $ 3.77 billion, or $ 14.74 per share.
However, in the opinion
of management, the accompanying condensed
consolidated financial statements reflect all adjustments, consisting
of only normal recurring adjustments, necessary for fair presentation for the interim period.
NENG's most recent 10K specifically sets out that it is not party to any special - purpose or off balance sheet entities created for the purpose
of raising capital, incurring debt or operating parts
of its business that are not
consolidated into its
financial statements.
Please see the notes to the condensed
consolidated financial statements included with this report for a more detailed description
of these license agreements.
These risks and uncertainties include the matters relating to the Special Committee's investigation
of the Company's stock option grants and the restatement
of our
consolidated financial statements.