[User] Why does the company maintain a valuation allowance against its California research and development credit deferred tax assets?

[Assistant] The company maintains a valuation allowance against its California research and development credit deferred tax assets due to the uncertainty regarding their realizability as they have not met the 'more likely than not' realization criteria. This is particularly because the company expects research and development tax credit generation to exceed its ability to use the credits in future years.


[User] What amount of valuation allowance was released by the company in 2023?

[Assistant] The company released $2.9 billion of its valuation allowance in 2023.


[User] What impact does a change in the final tax outcome have on the company's financial statements?

[Assistant] If the final tax outcome is different from the amounts recorded, it will impact the provision for or benefit from income taxes and the effective tax rate in the period such determination is made.


[User] What is the PCAOB ID number of the Independent Registered Public Accounting Firm that audited Airbnb, Inc.?

[Assistant] The PCAOB ID number of the Independent Registered Public Accounting Firm that audited Airbnb, Inc. is 238.


[User] How much were Airbnb, Inc.'s cash and cash equivalents as of December 31, 2023?

[Assistant] As of December 31, 2023, Airbnb, Inc.'s cash and cash equivalents amounted to $6,874 million.


[User] What was the total comprehensive income for Airbnb, Inc. in 2023?

[Assistant] The total comprehensive income for Airbnb, Inc. in 2023 was $4,775 million.


[User] How much did Airbnb, Inc.'s accumulated deficit reduce by from 2022 to 2023?

[Assistant] Airbnb, Inc.'s accumulated deficit was reduced by $2,213 million from 2022 to 2023.


[User] What is the total cash flow from operating activities for Airbnb, Inc. in 2023?

[Assistant] In 2023, the total cash flow from operating activities for Airbnb, Inc. was $3,884 million.


[User] What were the proceeds from the exercise of equity awards and the employee stock purchase plan for Airbnb, Inc. in 2023?

[Assistant] In 2023, the proceeds from the exercise of equity awards and the employee stock purchase plan for Airbnb, Inc. were $110 million.


[User] What factors affect fluctuations in advertising revenues for Google's Google Search & other properties and Google Network properties?

[Assistant] Factors affecting advertising revenue fluctuations include advertiser competition for keywords, changes in advertising quality, formats, delivery or policy, changes in device mix, seasonal fluctuations in internet usage and advertising expenditures, and traffic growth in emerging markets versus mature markets.


[User] What is the purpose of Alphabet Inc.'s annual review of methodologies used in monitoring advertising metrics?

[Assistant] Alphabet Inc. periodically reviews, refines, and updates its methodologies for tracking, gathering, and counting paid clicks and impressions and for identifying the revenues generated from these activities to ensure that monitoring of its advertising metrics remains accurate and reflective of actual performance.


[Assistant] The main components of Alphabet Inc.'s operating expenses include compensation expenses for R&D, sales, marketing, and administrative employees, depreciation, third-party services fees for consulting and outsourced services, and expenses related to advertising and promotional activities.


[User] What was the total revenue of Alphabet Inc. in 2023?

[Assistant] $307.4 billion


[User] What percentage increase in revenues did Alphabet Inc. report in 2023 compared to the previous year?

[Assistant] 9%


[User] What percentage did Google Cloud revenues increase by in 2023?

[Assistant] 26%


[User] What were the employee severance and related charges recorded by Alphabet Inc. in 2023?

[Assistant] $2.1 billion


[User] What was the constant currency revenue for the United States in 2023?

[Assistant] $146,286 million


[User] What was the percentage change in constant currency revenues for APAC from 2022 to 2023?

[Assistant] 13%


[User] How did the EMEA region's revenue change in 2023 due to foreign currency exchange rates?

[Assistant] EMEA revenue growth was favorably affected by changes in foreign currency exchange rates, primarily due to the U.S. dollar weakening relative to the Euro, partially offset by the U.S. dollar strengthening relative to the Turkish lira.


[User] What condition does Synthroid treat and what type of drug is it formulated as?

[Assistant] Synthroid is formulated as levothyroxine sodium tablets and is used in the treatment of hypothyroidism.


[User] What are the two main responsibilities involved in AbbVie's primary marketing efforts for its products?

[Assistant] AbbVie's primary marketing efforts involve securing the prescription or recommendation of its products by physicians, external experts, and other health care providers, and directing marketing efforts to consumers directly in some regions.


[User] Which companies accounted for the majority of AbbVie's pharmaceutical product sales in the United States in 2023?

[Assistant] In 2023, McKesson Corporation, Cardinal Health, Inc., and AmerisourceBergen Corporation accounted for substantially all of AbbVie's pharmaceutical product sales in the United States.


[User] What legal framework governs the approval process for biosimilars in the United States?

[Assistant] In the United States, the approval process for biosimilars is governed by the Public Health Service Act (PHSA) and the regulations implementing these statutes, specifically including provisions made under federal health care reform legislation enacted in March 2010.


[User] What exclusivity period does the FDA grant to pharmaceuticals designated as orphan drugs?

[Assistant] Seven years


[User] How long can GAIN exclusivity extend the exclusivity period of new antibiotics or antifungals?

[Assistant] Five additional years


[User] What is the maximum potential exclusivity period mentioned for pharmaceutical products under regulatory approval?

[Assistant] 14 years


[User] How long is the regulatory exclusivity period for innovator biologics under the Biologics Price Competition and Innovation Act?

[Assistant] 12 years


[User] When is the United States composition of matter patent for ibrutinib expected to expire?

[Assistant] 2027


[User] What is the purpose of the 340B drug discount program established by the Veterans Health Care Act of 1992?

[Assistant] The 340B drug discount program requires pharmaceutical manufacturers to offer products at reduced prices to various designated health care entities and facilities.


[User] What was the net change in cash from financing activities from 2022 to 2023?

[Assistant] Net cash from financing activities changed by $6.12 billion to $2.59 billion net cash provided by financing activities during the year ended December 31, 2023 from $3.53 billion net cash used in financing activities during the year ended December 31, 2022.


[User] What primarily caused the change in net cash from financing activities in 2023?

[Assistant] The change in net cash from financing activities in 2023 was primarily due to a $3.93 billion increase in proceeds from issuances of debt and a $2.01 billion decrease in repayments of debt.


[User] What are the primary currencies that pose a foreign currency risk to the company besides the U.S. dollar?

[Assistant] The primary currencies that pose a foreign currency risk to the company besides the U.S. dollar are the Chinese yuan and the euro.


[User] Does the company usually hedge against foreign currency risks?

[Assistant] No, the company does not typically hedge foreign currency risk.


[User] What financial outcomes result from currency exchange rate fluctuations according to the company's disclosure?

[Assistant] Fluctuations in currency exchange rates can result in changes to the company's net income through gains or losses on the settlement and re-measurement of monetary assets and liabilities.


[User] What was the potential impact on the company's net income before taxes if foreign exchange rates changed unfavorably by 10% at the end of 2023?

[Assistant] The potential impact on the company's net income before taxes could have been a gain or loss of $1.01 billion at December 31, 2023, if foreign exchange rates changed unfavorably by 10%.


[User] What was the potential financial impact at the end of 2022 if there had been a 10% adverse change in foreign exchange rates?

[Assistant] The potential financial impact at the end of 2022 could have been a gain or loss of $473 million if there had been a 10% adverse change in foreign exchange rates.


[User] How does the company handle foreign currency risks related to various aspects of its operations?

[Assistant] The company handles foreign currency risks by not typically hedging against them, which means that exchange rate fluctuations directly affect their operating results as expressed in U.S. dollars.


[User] What types of activities are lululemon's athletic apparels designed for?

[Assistant] Lululemon's athletic apparels are designed for activities such as yoga, running, training, and most other athletic activities.


[User] What is lululemon's vision?

[Assistant] Lululemon's vision is to create transformative products and experiences that build meaningful connections, unlocking greater possibility and wellbeing for all.


[User] What effect would a 100 basis-point change in the rate of return have on the annual after-tax benefit or expense for both pension and OPRB assets?

[Assistant] A 100 basis-point change in the rate of return for both pension and OPRB assets would impact the annual after-tax benefit or expense by approximately $135 million.


[User] What are the key variables required to estimate the net projected and accumulated benefit obligations for defined benefit pension and OPRB plans?

[Assistant] The key variables required include the discount rate, expected salary increases, employee-related factors such as turnover, retirement age, mortality, expected return on assets, and health care cost trend rates.


[User] How is the discount rate determined for the company's U.S. defined benefit pension and OPRB plans?

[Assistant] The discount rates are based on a yield curve constructed from a portfolio of high-quality bonds for which the timing and amount of cash outflows approximate the estimated payouts of the plan.


[User] How is the average discount rate for the company's OPRB plan determined, and what is its impact from a 100 basis-point change?

[Assistant] The average discount rate for the OPRB plan is determined by the higher interest rates generally applicable in the U.S. A 100 basis-point change in this rate would impact the annual after-tax OPRB expense by approximately $30 million.


[User] What are the impacts of a 25 basis-point change in the discount rate and a 50 basis-point decrease in the royalty rates on the estimated fair value of the Gillette indefinite-lived intangible asset?

[Assistant] A 25 basis-point increase in the discount rate results in a 6% decrease in the estimated fair value, and a 50 basis-point decrease in the royalty rates results in a 4% decrease in estimated fair value.


[User] What events could trigger an impairment of goodwill and indefinite-lived intangible assets according to the discussed financial statement?

[Assistant] Adverse changes such as a reduction in underlying cash flows due to foreign currency devaluation, increasing global inflation, economic recessions, or geopolitical events like the Russia-Ukraine war can trigger an impairment of goodwill and indefinite-lived intangible assets.


[User] What is the Royalty Rate for Gillette's indefinite-lived intangible asset as mentioned in the text?

[Assistant] The Royalty Rate for Gillette's indefinite-lived intangible asset is -6%.


[User] What is the primary method used by the company to manage interest rate exposure on financial instruments?

[Assistant] The primary method used by the company to manage interest rate exposure on financial instruments is interest rate swaps.


[User] How does the company manage currency rate exposure according to the text?

[Assistant] The company manages currency rate exposure primarily using forward contracts and currency swaps.


[User] What was the Adjusted Free Cash Flow for the fiscal year ending June 30, 2023, according to the text?

[Assistant] The Adjusted Free Cash Flow for the fiscal year ending June 30, 2023 was $14,011 million.


[User] What total amount was spent on capital expenditures in 2023, and what is the planned expenditure for 2024?

[Assistant] In 2023, $4,323 was spent on capital expenditures, and the planned expenditure for 2024 is between $4,400 to $4,600.


[User] What were the critical accounting estimates based on?

[Assistant] The critical accounting estimates were based on historical experience and on assumptions deemed to be reasonable.


[User] What strategy is used for managing risks related to insurance claims?

[Assistant] The company uses self-insurance for certain risks and has a wholly-owned captive insurance subsidiary and participates in a reinsurance program to manage risks related to insurance claims.


[User] How many shares were repurchased in 2023 and at what average price?

[Assistant] 1,341,000 shares were repurchased in 2023 at an average price of $504.68.


[User] What was the opinion of the independent registered public accounting firm on Costco Wholesale Corporation's consolidated financial statements for the year ended September 3, 2023?

[Assistant] The independent registered public accounting firm, KPMG LLP, expressed an unqualified opinion on the consolidated financial statements, indicating that they present fairly, in all material respects, the financial position and results of operations in conformity with U.S. generally accepted accounting principles.


[User] How long has KPMG LLP served as the auditor for Costco Wholesale Corporation by October 10, 2023?

[Assistant] KPMG LLP has served as the auditor for Costco Wholesale Corporation since 2002.


[User] What was the total net sales reported by Costco Wholesale Corporation for the 53-week period ended September 3, 2023?

[Assistant] Costco Wholesale Corporation reported total net sales of $237,710 million for the 53-week period ended September 3, 2023.


[User] What was the total revenue reported by Costco Wholesale Corporation for the fiscal year ending September 3, 2023?

[Assistant] The total revenue reported by Costco Wholesale Corporation for the fiscal year ending September 3, 2023 was $242,290 million.


[User] How much was Costco's interest expense for the 53 weeks ended September 3, 2023?

[Assistant] Costco's interest expense for the 53 weeks ended September 3, 2023 was $160 million.


[User] What was the net income per diluted common share for Costco for the fiscal year ending August 29, 2021?

[Assistant] The net income per diluted common share for Costco for the fiscal year ending August 29, 2021 was $11.27.


[User] What was the total revenue for Duodopa internationally in 2021?

[Assistant] $409 million


[User] By what percentage did the sales of Ubrelvy in the United States increase from 2021 to 2023?

[Assistant] 18.2%


[User] What was the percentage decrease in sales for Alphagan/Combigan in the United States from 2021 to 2023?

[Assistant] 40.1%


[User] What was the percentage decrease in total net revenues for AbbVie in 2023 compared to the previous year?

[Assistant] 6.4%


[User] How much did AbbVie's gross margin percentage decrease in 2023 compared to 2022?

[Assistant] 8%


[User] By what percentage did AbbVie's Skyrizi net revenues increase in 2023?

[Assistant] 51%


[User] What was the percentage increase in net revenues for Vraylar at AbbVie in 2023?

[Assistant] 35%


[User] How much did Botox Cosmetic net revenues increase internationally in 2023?

[Assistant] 10%


[User] What was the total value of AbbVie's acquisition of Cerevel Therapeutics announced in 2023?

[Assistant] Approximately $8.7 billion


[User] What was the increase percentage of AbbVie's quarterly cash dividend announced on October 26, 2023?

[Assistant] Approximately 4.7%


[User] How has FOL responded to supply chain disruptions affecting its raw materials supply?

[Assistant] Following the supply chain disruptions in 2021 and 2022, FOL utilized alternative sources for its raw materials and services, and engaged an additional supplier for a portion of its yarn spinning/raw material conversion services.


[User] What are the trademarks under which Garan sells its apparel products?

[Assistant] Garan sells its apparel products under its own trademarks Garanimals®, 365 Kids from Garanimals®, and easy-peasy®, as well as customer-private label brands.


[User] What are the different types of programs offered by NetJets?

[Assistant] NetJets offers several programs including NetJets Shares, NetJets Leases, and the NetJets Card Program.


[User] What types of transportation equipment does XTRA Corporation manage in its fleet?

[Assistant] XTRA Corporation manages a diverse fleet that includes over-the-road and storage trailers, chassis, temperature-controlled vans, and flatbed trailers.


[User] What types of industries does TTI service?

[Assistant] TTI services a variety of industries, including telecommunications, medical devices, computers and office equipment, military/aerospace, automotive, and industrial electronics.


[User] What types of stores does Helzberg Diamonds operate, and in what types of locations are they found?

[Assistant] Helzberg Diamonds operates a chain of retail jewelry stores located in malls, lifestyle centers, power strip centers, and outlet malls.


[User] What is the primary focus of the products offered by Oriental Trading Company?

[Assistant] Oriental Trading Company offers a diverse range of products including party supplies, seasonal products, arts and crafts, toys and novelties, school supplies, and educational games, emphasizing their proprietary designs.


[User] What is the specialty of See's Candy Shops, and how seasonal is their revenue pattern?

[Assistant] See's Candy Shops specializes in producing and selling boxed chocolates and confections, emphasizing quality and distinctiveness. Their revenue is highly seasonal with about half of the annual revenue earned in the fourth quarter.


[User] What types of legal actions do Berkshire and its subsidiaries typically face?

[Assistant] Berkshire and its subsidiaries typically face legal actions that arise from the normal course of business, including those seeking to establish liability through insurance or reinsurance contracts.


[User] What effect do the normal routine litigation have on Berkshire's financial condition or results of operations?

[Assistant] The normal and routine litigation are not believed to have a material effect on Berkshire's financial condition or results of operations.


[User] What total value of payments and cash volume did Visa process in fiscal year 2023?

[Assistant] $15 trillion


[User] What kinds of payment credentials does Visa offer?

[Assistant] Visa offers credit, debit, prepaid and cash access programs for individual, business and government account holders.


[User] What partnerships does Visa seek to foster?

[Assistant] Visa partners with both traditional and emerging players in the payments ecosystem to innovate and expand, allowing them to use the resources of Visa's platform to scale and grow their businesses.


[User] What model helps unify a complex payments ecosystem according to Visa?

[Assistant] The network of networks model


[User] What are the primary use cases for prepaid cards as described by Visa?

[Assistant] Prepaid cards cater to a range of needs including general purpose reloadable, payroll, government and corporate disbursements, healthcare, gift, and travel.


[User] How does Visa facilitate financial inclusion with their prepaid cards?

[Assistant] Visa-branded prepaid cards promote financial inclusion by providing payment solutions to individuals with limited or no access to traditional banking products.


[User] What percentage of global face-to-face transactions were contactless in fiscal year 2023, excluding the United States?

[Assistant] 76 percent


[User] What technological feature helps protect digital transactions in the Visa Token Service?

[Assistant] The Visa Token Service enhances digital transaction security by replacing 16-digit Visa account numbers with a token that includes a surrogate account number and cryptographic information.


[User] How many network tokens did Visa provision by the end of fiscal year 2023?

[Assistant] More than 7.5 billion network tokens


[User] What is the purpose of Visa Direct?

[Assistant] Visa Direct facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets, supporting multiple use cases including P2P payments, business and government payouts, merchant settlements, and refunds.


[User] What is the objective of the Be Human pillar in the company's Impact Agenda?

[Assistant] The Be Human pillar focuses on inclusion, diversity, equity, and action, employee empowerment, and fair labor practices, aiming to improve human capital within the company.


[User] What item number discusses legal proceedings in the report?

[Assistant] Item 3 discusses legal proceedings in the report.


[User] What does Note 21 pertain to in this report?

[Assistant] Note 21 pertains to Commitments and Contingencies in the report.


[User] In what part and item of the report is Note 21 located?

[Assistant] Note 21 is located in Item 8 of Part II of the report.


[User] What does ITEM 6 in the text refer to?

[Assistant] ITEM 6 refers to Selected Consolidated Financial Data.


[User] Is there any consolidated financial data provided in ITEM 6?

[Assistant] No, there is no consolidated financial data provided in ITEM 6 as it states 'Not applicable'.


[User] What are the components included in the management discussion and analysis of financial condition and results of operations?

[Assistant] The components include Overview, Financial Highlights and Market Conditions and Trends, Results of Operations, Comparison of 2023 to 2022, Comparison of 2022 to 2021, Comparable Sales and Sales Per Square Foot, Non-GAAP Financial Measures, Liquidity and Capital Resources, Liquidity Outlook, Contractual Obligations and Commitments, and Critical Accounting Policies and Estimates.


[User] How long is a typical fiscal year for the company described, and what variation can occur?

[Assistant] A typical fiscal year for the company ends on the Sunday closest to January 31 of the following year, usually resulting in a 52-week year. Occasionally, an additional week may be added, resulting in a 53-week year.


[User] What metric does the company use to evaluate the performance of their business?

[Assistant] The company uses comparable sales as a metric to evaluate the performance of their business.


[User] What non-GAAP financial measures does the company provide, and why?

[Assistant] The company provides constant dollar changes and adjusted financial results as non-GAAP financial measures. They supply this information to enable the evaluation of the underlying trend in operating performance and facilitate comparisons to historical financial information.


[User] What was the percentage increase in worldwide Daily Active People (DAP) from December 2022 to December 2023?

[Assistant] Worldwide Daily Active People increased by 8% from December 2022 to December 2023.


[User] How do the techniques and models for calculating Monthly Active People (MAP) operate?

[Assistant] The techniques and models for calculating Monthly Active People (MAP) rely on complex techniques, algorithms, and machine learning models that estimate the number of unique people using the products by matching user accounts within and across multiple products when they are attributable to a single person, and then counting such a group of accounts as one person.


[User] What was the global increase in Monthly Active People (MAP) as of the end of 2023 compared to the end of 2022?

[Assistant] As of the end of 2023, there was a 6% increase in Monthly Active People (MAP), rising from 3.74 billion as of December 31, 2022, to 3.98 billion as of December 31, 2023.


[User] How is Average Revenue Per Person (ARPP) calculated?

[Assistant] Average Revenue Per Person (ARPP) is calculated by dividing the total revenue during a given quarter by the average number of Monthly Active People (MAP) at the beginning and end of that quarter.


[User] How much did the worldwide ARPU increase in 2023 compared to 2022?

[Assistant] The worldwide ARPU increased by 13% in 2023 compared to 2022.


[User] What regions are expected to primarily concentrate future user growth, according to the report?

[Assistant] Future user growth is expected to be primarily concentrated in regions with relatively lower ARPU, specifically Asia-Pacific and Rest of World.


[User] What type of revenue does 'Non-advertising revenue' include?

[Assistant] Non-advertising revenue includes RL revenue from consumer hardware products and FoA Other revenue, including revenue from WhatsApp Business Platform, net fees from developers using Payment infrastructure, and other sources.


[User] What critical accounting estimates were identified as having the greatest potential impact on the financial statements?

[Assistant] The estimates associated with loss contingencies, income taxes, and valuation of assets were identified as having the greatest potential impact on the financial statements.


[User] What triggers impairment testing for long-lived assets?

[Assistant] Impairment testing for long-lived assets is triggered whenever events or circumstances indicate that the carrying amount of such assets may not be recoverable.


[User] What adjustments may be required when determining the similarity of non-marketable equity securities issued by the same issuer?

[Assistant] Determining the similarity may require adjustments such as assessment of differences in rights like voting and distribution rights, preferences, conversion features, and observable price adjustments for differences in rights, control premium, liquidity, or principal markets.


[User] What role did Ellen Copaken hold at AMC before becoming the Senior Vice President, Marketing in August 2023?

[Assistant] Vice President, Growth Strategy


[User] What was Ellen Copaken's professional role prior to joining AMC?

[Assistant] Partner at Sterling Rice Group


[User] What degree does Kevin M. Connor hold from the University of Missouri-Kansas City?

[Assistant] LLM in Taxation


[User] What position did Chris A. Cox hold at the Dial Corporation before joining AMC?

[Assistant] Director of Corporate Accounting


[User] When did Carla C. Chavarria start serving as Senior Vice President, Chief Human Resources Officer at AMC?

[Assistant] January 2019


[User] What were the two theatrical releases AMC distributed in 2023?

[Assistant] Taylor Swift | The Eras Tour and Renaissance: A Film by Beyoncé.


[User] How much did the Company receive from the sale of their investment in Saudi Cinema Company?

[Assistant] $30.0 million


[User] How much gross proceeds did AMC raise from its at-the-market offerings during 2023?

[Assistant] $790.0 million


[User] What was the financial benefit received by AMC due to the modification of the 2022 PSU awards?

[Assistant] $20.2 million in additional stock compensation expense


[User] What was agreed upon in the binding settlement term sheet signed on April 2, 2023, to resolve the stockholder class actions in Delaware?

[Assistant] The binding settlement term sheet agreed upon on April 2, 2023, allowed for the implementation of the Charter Amendments.


[User] What method does the Company use to organize its reportable segments?

[Assistant] The Company organizes its reportable segments based on management’s organization of the operating segments for operational decisions and assessments of financial performance, which considers geographic locations.


[User] When was the Airbnb community founded?

[Assistant] The Airbnb community was founded in 2007.


[User] How many Hosts does Airbnb have worldwide as mentioned in the text?

[Assistant] Airbnb has over 5 million Hosts worldwide.


[User] What is Airbnb's long-term corporate strategy regarding hosting?

[Assistant] Airbnb's long-term corporate strategy is to make hosting mainstream and focus on attracting more Hosts globally by expanding use cases and supporting all different types of Hosts.


[User] What new feature did Airbnb launch in 2023 to aid Hosts?

[Assistant] In 2023, Airbnb launched new pricing tools to help Hosts set competitive prices, easily add weekly and monthly discounts, and compare their listing to similar ones in their area.


[User] What does Airbnb's AirCover for Hosts include?

[Assistant] AirCover for Hosts includes guest property damage protection up to $3 million per stay, liability coverage up to $1 million per occurrence, deep cleaning protection, and pet damage protection.


[User] How does Airbnb's technology platform support global community needs?

[Assistant] Airbnb's technology platform supports global payment capabilities, multilingual real-time community safety, city-specific regulatory support, and deep business intelligence insights.


[User] What benefits does Airbnb's AirCover for guests offer?

[Assistant] AirCover for guests offers support for serious issues like Host cancellations, inability to check-in, inaccurate listings, and includes a 24-hour safety support line.


[User] How many Airbnb employees globally identify in the gender binary as women as of December 31, 2023?

[Assistant] As of December 31, 2023, 49% of Airbnb's global employees identify in the gender binary as women.


[User] What percentage of Airbnb's U.S.-based employees identify as under-represented minorities as of the end of 2023?

[Assistant] 16% of Airbnb's U.S.-based employees identify as under-represented minorities as of December 31, 2023.


[User] What were the principal sources of liquidity for the company as of January 28, 2023?

[Assistant] cash from operations, cash on hand, and borrowings from the capital markets


[User] By what amount did cash and cash equivalents change from January 29, 2022, to January 28, 2023?

[Assistant] decreased by $132.4 million


[User] What were the main factors contributing to the change in net sales for fiscal 2022?

[Assistant] stronger U.S. dollar, decline in sales from new software releases, and a decline in sales of video game accessories, offset by an increase in sales of new gaming hardware and toys and collectibles


[User] What was the impact of the translation of a stronger U.S. dollar on gross profit in fiscal 2022?

[Assistant] Translation impact of a stronger U.S. dollar partially offset the increase in gross profit


[User] What was the amount of asset impairment recognized during fiscal 2022 related to store-level assets?

[Assistant] $2.7 million


[User] How have certain vendors been impacted in the supply chain financing market?

[Assistant] Certain vendors have been impacted by volatility.


[User] What have some vendors requested due to their impacts in the supply chain financing market?

[Assistant] Some vendors have requested credit support collateral for inventory purchase obligations.


[User] On what factors does the level of credit support collateral depend?

[Assistant] The level of credit support collateral depends on factors such as inventory purchase levels, available payment terms, borrowing capacity under credit facilities, favorable credit terms, and costs of providing collateral.


[User] What was the net decrease in cash and cash equivalents in fiscal 2022?

[Assistant] The net decrease in cash, cash equivalents, and restricted cash was $123.9 million in fiscal 2022.


[User] What primary activities affected cash flow from operating activities in fiscal 2022?

[Assistant] The primary activities affecting cash flow from operating activities in fiscal 2022 included a reduction in merchandise inventory levels and the collection of tax refunds, partially offset by the impact of a net loss.


[User] What was the operating income for fiscal year 2023?

[Assistant] $5,870.8 million


[User] What was the percentage of operating expenses as a percentage of total net revenues in fiscal 2023 for North America?

[Assistant] Operating expenses were 79.3% of total net revenues in North America for fiscal 2023.


[User] What was the percentage increase in the general and administrative expenses from the fiscal year ending on October 2, 2022, to the fiscal year ending on October 1, 2023?

[Assistant] The general and administrative expenses increased by 2.8% from fiscal year ending October 2, 2022, to fiscal year ending October 1, 2023.


[User] By how much did the product and distribution costs as a percentage of Channel Development Total Net Revenues change from fiscal year ending October 2, 2022, to October 1, 2023?

[Assistant] The product and distribution costs as a percentage of Channel Development Total Net Revenues increased by 1.2 percentage points, from 64.8% in fiscal year ending October 2, 2022, to 66.0% in the fiscal year ending on October 1, 2023.


[User] What factors contributed to the increase in the International Operating Margin in fiscal 2023?

[Assistant] The increase in the International Operating Margin in fiscal 2023 was primarily due to sales leverage and lapping amortization expenses of acquisition-related intangible assets that are now fully amortized.


[User] How much did the gain from the sale of assets contribute to the Channel Development operating margin increase in fiscal 2023?

[Assistant] The gain from the sale of assets contributed approximately 480 basis points to the increase in the Channel Development operating margin in fiscal 2023.


[User] What led to the 74.3% decrease in total net revenues for the Corporate and Other segment in fiscal 2023 compared to fiscal 2022?

[Assistant] The 74.3% decrease in total net revenues for the Corporate and Other segment in fiscal 2023 compared to fiscal 2022 was primarily due to the sale of Evolution Fresh in the fourth quarter of fiscal 2022.


[User] What are the purposes of borrowings under the 2021 credit facility?

[Assistant] Borrowings under the 2021 credit facility can be used for working capital, capital expenditures, and other corporate purposes including acquisitions and share repurchases.


[User] How much did Starbucks' cash and investments increase from the end of fiscal 2022 to the end of fiscal 2023?

[Assistant] Starbucks' cash and investments increased by $700 million, from $3.5 billion as of October 2, 2022, to $4.2 billion as of October 1, 2023.


[User] What was the total amount of borrowings outstanding as of October 2, 2022?

[Assistant] As of October 2, 2022, there were $175.0 million in borrowings outstanding under the program.


[User] What was GameStop's cash balance at the end of the period as reported?

[Assistant] GameStop's cash balance at the end of the period was $1,196.0 million.


[User] What was the total cash, cash equivalents, and restricted cash reported by GameStop in 2022?

[Assistant] $1,196.0 million


[User] How does GameStop classify investments with original maturities between 90 days and one year on their Consolidated Balance Sheets?

[Assistant] As marketable securities


[User] What accounting guidance did the company adopt in fiscal 2022 and what was its impact on the consolidated financial statements?

[Assistant] The company adopted SAB 121 during fiscal 2022, which had no impact on the consolidated financial statements.


[User] When did the FASB issue ASU 2019-12 and what does this standard aim to simplify?

[Assistant] The FASB issued ASU 2019-12 in December 2019, aiming to simplify the accounting and disclosure requirements for income taxes by eliminating various exceptions in accounting for income taxes as well as clarifying and amending existing guidance to improve consistency in the application of ASC 740.


[User] How much did the company contribute to the Savings Plan in fiscal year 2020?

[Assistant] $5.6 million.


[User] What was the rent credit received by the company upon delivering a $2.8 million letter of credit in 2020?

[Assistant] $2.8 million


[User] What was the net carrying amount of leasehold rights assets as of January 28, 2023 following amortization?

[Assistant] $2.4 million


[User] How are the leasehold rights obtained from the Micromania acquisition amortized?

[Assistant] Leasehold rights obtained from the Micromania acquisition are amortized on a straight-line basis over the expected lease term, with a maximum duration of 20 years and no residual value.


[User] What was the carrying value of the French Term Loans as of January 28, 2023?

[Assistant] $39.5 million


[User] How are contingent consideration liabilities valued?

[Assistant] Contingent consideration liabilities are valued based on significant unobservable inputs such as discount rate and estimated probabilities and timing of achieving specified development, regulatory and commercial milestones. They are revalued to fair value at each reporting date until the related contingency is resolved.


[User] How could changes in input estimates impact the financial position of the company?

[Assistant] Changes in inputs such as discount rates, milestone achievement probabilities, and the timing to reach milestones can materially impact the company's financial position and operational results.


[User] What are the components of AbbVie Inc.'s comprehensive income for the year 2023?

[Assistant] AbbVie Inc.'s comprehensive income for the year 2023 includes net earnings of $4,873 million, foreign currency translation adjustments net of tax expense amounting to $407 million, net investment hedging activities net of tax expense totaling $(399) million, pension and post-employment benefits net of tax expense of $(30) million, and cash flow hedging activities net of tax expense which resulted in $(84) million. The total comprehensive income for 2023 was $4,767 million.


[User] What was the total amount of dividends declared by AbbVie Inc. in the year 2023?

[Assistant] $10,647 million


[User] What method does AbbVie primarily use to record investments in equity securities with readily determinable fair values?

[Assistant] AbbVie records investments in equity securities with readily determinable fair values at fair value.


[User] What financial reporting standard changes are taking effect for AbbVie starting from annual periods in 2025?

[Assistant] The standard requires disaggregation of the effective rate reconciliation into standard categories, enhances disclosure of income taxes paid, and modifies other income tax-related disclosures.


[User] What is the primary medical application of DJS-002 being developed by DJS Antibodies Ltd?

[Assistant] It is being developed for the treatment of Idiopathic Pulmonary Fibrosis and other fibrotic diseases.


[User] What is the profit-sharing ratio between AbbVie and Janssen for the commercialization of products in the United States?

[Assistant] Profits and losses are shared equally between AbbVie and Janssen for the commercialization of products in the United States.


[User] What was the pre-tax impairment charge for definite-lived intangible assets in the consolidated statement of earnings for the third quarter of 2022?

[Assistant] $770 million


[User] What was the increase in total lease payments from the base amount to the final amount including interest in 2023?

[Assistant] $43 million


[User] How many additional countries has the cyber skills initiative been expanded to and what is their characteristic risk profile?

[Assistant] The cyber skills initiative has been expanded to an additional 27 countries that demonstrate elevated cyberthreat risks and significant gaps in their cybersecurity workforces.


[User] What new initiative did Microsoft launch in June 2023?

[Assistant] In June 2023, Microsoft launched a new AI Skills Initiative aimed at teaching people how to utilize the power of AI.


[User] What is the purpose of Microsoft's newly launched AI Skills Initiative?

[Assistant] The AI Skills Initiative is designed to help people learn how to effectively utilize artificial intelligence.


[User] How many full-time employees did Microsoft report as of June 30, 2023?

[Assistant] As of June 30, 2023, Microsoft reported having approximately 221,000 full-time employees.


[User] What percentage of Microsoft's global workforce does the expanded pay equity data cover in the most recent report?

[Assistant] The expanded pay equity data in the most recent report covers 99.8% of Microsoft's global workforce.


[User] What type of training is required for Microsoft's people managers?

[Assistant] Microsoft's people managers are required to complete between 20-33 hours of compulsory training on leadership and management, along with additional targeted training on people management, compliance, and culture.


[User] What is the main focus of the Productivity and Business Processes segment at Microsoft?

[Assistant] The Productivity and Business Processes segment at Microsoft focuses on productivity, communication, and information services across various devices and platforms.


[User] What does LinkedIn's Talent Solutions include?

[Assistant] LinkedIn's Talent Solutions includes insights for workforce planning and tools for hiring, nurturing, and developing talent. Additionally, it encompasses Learning Solutions which assist businesses in closing critical skills gaps, especially during times when companies have to maximize their existing workforce.


[User] How is Dynamics' revenue mainly driven?

[Assistant] Dynamics' revenue is primarily driven by the number of users licensed, the consumption of applications, an expansion in the average revenue per user, and the ongoing shift to Dynamics 365, which includes cloud-based business applications like Power Apps and Power Automate.


[User] What are the market solutions offered by LinkedIn?

[Assistant] LinkedIn offers Market Solutions that aid companies in reaching, engaging, and converting their audiences at a large scale.


[User] What percentage of Salesforce employees indicated willingness to give extra effort based on the latest survey?

[Assistant] Based on the most recent Employee Opinion Survey, 93 percent of responding employees indicated they were willing to give extra effort to get the job done.


[User] What fraction of Salesforce employees feel a sense of pride in their work?

[Assistant] Based on the most recent survey, 90 percent of responding employees at Salesforce indicated that they feel a sense of pride working at the company.


[User] How can one access Salesforce's financial reports such as the 10-K and 10-Q?

[Assistant] Salesforce's financial reports such as the Annual Report on Form 10-K and Quarterly Reports on Form 10-Q can be obtained free of charge from Salesforce's investor website or by contacting the Investor Relations department following the filing of these reports with the SEC.


[User] Where are Salesforce's principal executive offices located?

[Assistant] Salesforce's principal executive offices are located at Salesforce Tower, 415 Mission St, 3rd Floor, in San Francisco, California.


[User] What is Salesforce's primary website address?

[Assistant] Salesforce's primary website address is www.salesforce.com.


[User] What was the attrition rate excluding MuleSoft, Tableau, and Slack as of January 31, 2023?

[Assistant] Below 7.5 percent


[User] How is the company's attrition rate calculated?

[Assistant] The attrition rate is calculated on a trailing twelve-month basis as of the end of each month.


[User] What is the predominant payment term provided to customers for subscription services?

[Assistant] Customers are typically required to pay within 30 days of receiving the invoice.


[User] What percentage of billings is for subscription and support services?

[Assistant] Over 90 percent


[User] How does seasonality affect the company's fourth-quarter billing?

[Assistant] There is a disproportionate weighting toward annual billings in the fourth quarter due to large enterprise account buying patterns.


[User] What is the effect of changes in inventory estimates on the company's financial statements?

[Assistant] Changes in inventory estimates may cause the company to realize material write-downs, impacting the financial statements.


[User] What impact do tax laws and economic conditions have on the company's effective tax rates?

[Assistant] Tax laws, regulations, administrative practices, and economic conditions significantly impact the company's effective tax rates.


[User] How have foreign exchange rates affected the company's tax position?

[Assistant] Changes in foreign exchange rates have affected the company's tax position.


[User] What contractual commitments does the company have in relation to its financial activities?

[Assistant] The company has principal contractual commitments that include purchase obligations and open purchase orders for inventory and capital expenditures, which are key for supporting normal operations and primarily due within the next twelve months. Moreover, these obligations and orders are generally cancellable either fully or partially through contractual provisions.


[User] What are the company's strategic financial options as stated in their plans?

[Assistant] The company continually evaluates opportunities to sell additional equity or debt securities, obtain credit facilities, finance and operating lease arrangements, and enter into financing obligations. Additionally, there are plans to repurchase common stock, pay dividends, and repurchase, refinance, or restructure debt for strategic reasons or to strengthen the financial position.


[User] What uncertainties exist regarding projections of future cash needs and cash flows?

[Assistant] The company acknowledges substantial uncertainty regarding projections of future cash needs and cash flows.


[User] How does the company plan to manage its liquidity and finance requirements over the next twelve months?

[Assistant] The company plans to manage its liquidity needs and finance requirements through generated cash flows from operations, existing cash, cash equivalents, marketable securities balances, and borrowing arrangements which are believed to be sufficient for meeting anticipated operating cash needs for at least twelve months.


[User] What factors are difficult to isolate and quantify regarding their impacts on the results of the company's operations?

[Assistant] Macroeconomic factors like inflation, interest rates changes, significant capital market and supply chain volatility, as well as global economic and geopolitical developments, are difficult to isolate and quantify in terms of their impact on the company's operations.


[User] What are the expected influences on AWS revenue growth rates given the current macroeconomic environment?

[Assistant] The current macroeconomic environment and enterprise customer cost optimization efforts are expected to impact AWS revenue growth rates.


[User] How did changes in foreign exchange rates affect the company's net sales in 2023?

[Assistant] In 2023, North America accounted for 61% of the net sales, International accounted for 23%, AWS represented 16%, making a consolidated total of 100%.


[User] What factors particularly influence sales comparisons and comparable sales growth according to the annual report?

[Assistant] Sales comparisons and comparable sales growth are particularly influenced by fluctuations in currency exchange rates, inflation or deflation, changes in the cost of gasoline, and associated competitive conditions.


[User] How are merchandise costs and gross margins impacted according to the 2023 annual report?

[Assistant] Merchandise costs in 2023 were impacted by inflation, however at a lower rate than in 2022. The impact to net sales and gross margin is influenced partly by the company's merchandising and pricing strategies in response to these cost increases.


[User] What is the significance of the gasoline business to the company's warehouse traffic and profitability?

[Assistant] The gasoline business enhances traffic in the company's warehouses but generally has a lower gross margin percentage and lower SG&A expense, relative to non-gasoline businesses. A higher penetration of gasoline sales generally lowers the gross margin percentage.


[User] How does the company's membership format affect its profitability?

[Assistant] The membership format significantly affects the company's profitability by reinforcing member loyalty and providing continuing fee revenue. The growth in the membership base, increased penetration of Executive members, and high renewal rates are key drivers of profitability.


[User] What was the gross margin percentage in 2023?

[Assistant] The gross margin percentage in 2023 was 10.57%.


[User] What amount did the Board of Directors authorize for the new share repurchase program in January 2023?

[Assistant] The Board of Directors authorized a new share repurchase program in the amount of $4,000 in January 2023.


[User] How much did net sales increase by in 2023?

[Assistant] Net sales increased by $14,980 in 2023.


[User] What change occurred in the quarterly cash dividend in April 2023?

[Assistant] The quarterly cash dividend increased by 13% in April 2023.


[User] By how much did membership fees increase in 2023?

[Assistant] Membership fees increased by 8% in 2023.


[User] What changes impacted gross margin percentage in 2023?

[Assistant] In 2023, gross margin percentage was positively impacted by a smaller LIFO charge and increases in core merchandise categories, but negatively impacted by downsizing and discontinuation of charter shipping activities, increased 2% rewards, and changes in warehouse ancillary and other businesses.


[User] How would a 10% depreciation in the U.S. dollar against the hedged currencies impact the fair value of the company's outstanding derivatives?

[Assistant] A 10% depreciation in the U.S. dollar against the hedged currencies would depreciate the net fair value of the company's outstanding derivatives by $29.8 million.


[User] What amount was available for borrowing under the company's revolving credit facility as of January 28, 2024?

[Assistant] As of January 28, 2024, the available borrowing amount under the company's revolving credit facility was up to $400.0 million.


[User] What effects did inflation have on the company's operating results during 2022 and 2023?

[Assistant] Inflationary factors such as increases in wage rates and air freight costs impacted the company's operating and gross margins during 2022 and 2023.


[User] What are the company's goals for gender representation?

[Assistant] The company aspires to achieve equal gender representation globally and at key management and leadership levels.


[User] What percentage of multicultural representation does the company aim to achieve within the U.S. workforce?

[Assistant] The company aims to achieve 40% multicultural representation within the U.S. workforce, both overall and at management and leadership levels.


[User] What principles are the company's total rewards programs based on?

[Assistant] The company's total rewards programs are based on the principles of paying for performance, paying competitively versus peer companies, and focusing on long-term success through a combination of short-term and long-term incentive programs.


[User] What types of competitive benefits does the company offer to its employees?

[Assistant] The company offers competitive benefit programs including retirement plans and health insurance, which are in line with local country practices and provide flexibility to accommodate a diverse workforce.


[User] What is the company's long-term sustainability objective regarding emissions?

[Assistant] The company has a long-term objective of achieving net zero emissions for scopes 1 and 2, as well as elements of scope 3.


[User] What are the company's environmental sustainability strategies?

[Assistant] The company's strategies include using renewable electricity, reducing virgin petroleum-based plastic in packaging, increasing the recyclability or reusability of packaging, responsible sourcing of key forest-based commodities, improving water usage efficiency in operations, and driving a global portfolio of water restoration projects to address water scarcity.


[User] Which standards and guidelines does the company use for informing its sustainability disclosures?

[Assistant] The company uses the standards and guidelines of the Global Reporting Initiative, Sustainability Accounting Standards Board industry-specific standards, and the Task Force on Climate-related Financial Disclosures to inform its sustainability and related disclosures.


[User] What adjustments to the estimated useful lives of servers and network equipment did Alphabet Inc. make in 2023?

[Assistant] The estimated useful life of servers was adjusted from four years to six years, and the estimated useful life of certain network equipment was adjusted from five years to six years.


[User] What types of financial instruments does the company consider as current assets even if their maturities are beyond 12 months?

[Assistant] Highly liquid securities with maturities beyond 12 months are considered as current assets.


[User] What items are included in lease assets according to a company's accounting practices?

[Assistant] Lease assets include any prepaid lease payments and lease incentives.


[User] How is impairment evaluated for long-lived assets such as leases, property, and equipment?

[Assistant] Impairment is evaluated by comparing the carrying amounts of the assets to the future undiscounted cash flows expected to be generated by them.


[User] What was the total carrying value of Alphabet Inc.'s non-marketable equity securities as of December 31, 2023?

[Assistant] $28.8 billion


[User] What was the total unrealized loss on government bonds as of December 31, 2023?

[Assistant] $679 million


[User] What were the total gains or losses on debt securities recognized in other income (expense), net for the year ended December 31, 2023?

[Assistant] A total loss of $1,215 million


[User] What are the main types of financial risks that derivatives not designated as hedging instruments are used to manage?

[Assistant] Derivatives not designated as hedging instruments are used to manage risks relating to interest rates, commodity prices, credit exposures, and to enhance investment returns.


[User] What financial derivatives did Alphabet Inc. use as cash flow hedges, and what was the gross notional amount of these in 2023?

[Assistant] Alphabet Inc. used foreign exchange contracts as cash flow hedges, with a gross notional amount of $18,039 million in 2023.


[User] What was the value of the provisions for gains and losses from unrealized gains (losses) on available-for-sale investments net of income tax for the year ended December 31, 2023?

[Assistant] -1,168 million USD


[User] What is the primary method by which the company manages its cash, cash equivalents, and marketable securities?

[Assistant] The company concentrates its cash deposits with large financial institutions and maintains its investment holdings in diversified highly rated securities, as part of its cash management strategy.


[User] What is the aggregate principal amount of the issued notes?

[Assistant] The aggregate principal amount of the issued notes is $18.50 billion.


[User] What are the maturity dates of the issued notes?

[Assistant] The issued notes mature from 2027 through 2063.


[User] What is the purpose of the net proceeds from the offerings?

[Assistant] The net proceeds from the offerings are used for general corporate purposes such as capital expenditures, share repurchases, dividend payments, acquisitions, or investments.


[User] How many shares of Class A common stock were repurchased and retired in 2023, and what was the total cost including excise tax accruals?

[Assistant] In 2023, 92 million shares of Class A common stock were repurchased and retired for a total cost of $20.03 billion, which includes excise tax accruals.


[User] What new financial program was announced on February 1, 2024, and what are its specifics?

[Assistant] On February 1, 2024, the initiation of the first ever cash dividend program was announced, with a quarterly dividend of $0.50 per share, equivalent to $2.00 per share annually.


[User] What is the primary purpose of a company's internal control over financial reporting?

[Assistant] The primary purpose of a company's internal control over financial reporting is to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.


[User] What is the net income reported by Meta Platforms, Inc. for the fiscal year ended December 31, 2023?

[Assistant] Meta Platforms, Inc. reported a net income of $39,098 million for the fiscal year ended December 31, 2023.


[User] What affects the reported amounts in the consolidated financial statements according to GAAP requirements?

[Assistant] The use of estimates and judgments affect the reported amounts in the consolidated financial statements according to GAAP requirements.


[User] What method does the company use to determine realized gains or losses on the sale of marketable securities?

[Assistant] The company uses a specific identification method to determine realized gains or losses on the sale of marketable securities.


[User] What are the primary sources of revenue for the company mentioned in the text?

[Assistant] The primary sources of revenue for the company are advertising on Facebook and Instagram.


[User] How has the regulatory environment impacted the company's advertising revenue?

[Assistant] The company's advertising revenue has been adversely affected by reduced marketer spending due to limitations on ad targeting and measurement tools arising from changes in the regulatory environment and third-party mobile operating systems and browsers.


[User] Which regulations have influenced the company's use of data in advertising?

[Assistant] Regulations such as the General Data Protection Regulation, ePrivacy Directive, the European Digital Services Act, and U.S. state privacy laws including the California Consumer Privacy Act have influenced the company's use of data in advertising.


[User] What changes has the company implemented in response to regulatory developments in Europe?

[Assistant] The company announced plans to switch the legal basis for behavioral advertising from 'legitimate interests' to 'consent' in Europe, offered a 'subscription for no ads' alternative, and is engaging with regulators on the new consent model.


[User] How have changes by Apple and Google affected the company's advertising capabilities?

[Assistant] Changes by Apple and Google, such as product updates and data use policies, have reduced the ability to collect and use data for targeting and measuring advertising, negatively impacting advertising revenue as marketers reduce their spending.


[User] What technological solutions is the company developing to improve ad delivery?

[Assistant] The company is developing privacy enhancing technologies, tools to enable marketers to share data, ad products generating valuable signals, AI-driven targeting and measurement, and business messaging ad features to drive onsite conversions.


[User] What long-term effects do legislative, regulatory, and platform changes have on advertising revenue?

[Assistant] The company expects that legislative, regulatory, and platform changes will continue to adversely impact advertising revenue indefinitely.


[User] What is the margin of error generally estimated for worldwide Monthly Active People (MAP)?

[Assistant] The margin of error for worldwide Monthly Active People is generally estimated to be approximately 3%.


[User] How much did the worldwide Daily Active People (DAP) increase in September 2022 due to the updated Family metrics calculations?

[Assistant] The worldwide Daily Active People (DAP) increased by approximately 30 million in September 2022 due to the updated Family metrics calculations.


[User] What change occurred in the calculation of Family metrics beginning in the fourth quarter of 2023?

[Assistant] Beginning in the fourth quarter of 2023, Family metrics no longer include Messenger Kids users.


[User] What was the total amount of the commitments under the 2022 Credit Facility?

[Assistant] $1.0 billion


[User] How much was available for letter of credit issuances under the 2022 Credit Facility?

[Assistant] $200 million


[User] As of December 31, 2023, what was the total amount of outstanding letters of credit under the 2022 Credit Facility?

[Assistant] $29 million


[User] What was the aggregate principal amount of outstanding indebtedness of the 0% convertible senior notes due in 2026 as of December 31, 2023?

[Assistant] $2.0 billion


[User] What was the cost of the capped call transactions entered into in 2021?

[Assistant] approximately $100 million


[User] What was the cap price per share for the Capped Calls related to the 2026 Notes?

[Assistant] $360.80


[User] How much in total did the company spend on repurchasing shares of Class A common stock in 2023?

[Assistant] $2.3 billion


[User] What factors could affect the company's obligation for collecting and remitting lodging taxes?

[Assistant] The company's obligation for collecting and remitting lodging taxes could be affected by factors such as determining or being asserted by a tax authority that they have a responsibility to collect lodging and related taxes on transactions, new ordinances and taxes subjecting their operations to such taxes, or the resolution of historic claims through negotiation.


[User] What method does the company use to account for income taxes?

[Assistant] The company accounts for income taxes using the asset and liability method.


[User] How does the company evaluate its uncertain tax positions?

[Assistant] The company evaluates its uncertain tax positions by recognizing a tax benefit from uncertain tax positions when it is more likely than not that the position will be sustained upon examination.


[User] How many consumer vehicles were produced and delivered by the company in 2023?

[Assistant] In 2023, the company produced 1,845,985 consumer vehicles and delivered 1,808,581 consumer vehicles.


[User] What total revenues did the company recognize in 2023, and how did this compare to the previous year?

[Assistant] In 2023, the company recognized total revenues of $96.77 billion, which represented an increase of $15.31 billion compared to the previous year.


[User] What advancements in technology and products is the company focusing on, according to the management's discussion in the 2023 Annual Report?

[Assistant] The company is focusing on advancements in products and services based on artificial intelligence, robotics, and automation. It is also working on improving and further deploying its FSD capabilities and developing its battery technologies.


[User] What new production locations and vehicle models were active in 2023?

[Assistant] In 2023, the active production locations included Fremont Factory, Gigafactory Shanghai, Gigafactory Berlin-Brandenburg, Gigafactory Texas, and Gigafactory Nevada. The vehicle models in production were Model S, Model X, Model 3, Model Y, Cybertruck, and Tesla Semi.


[User] How does the company manage working capital to facilitate sales growth?

[Assistant] The company manages working capital by achieving shorter days sales outstanding than days payable outstanding, which helps facilitate positive cash generation that supports sales growth.


[User] What factors could cause fluctuations in the company's capital expenditures?

[Assistant] Fluctuations in the company's capital expenditures could be caused by the specific pace of capital-intensive projects and variables such as rising material prices, increases in supply chain costs, and labor expenses due to changes in global trade conditions and labor availability.


[User] What methodology does the company use to recognize automotive sales revenue?

[Assistant] The company recognizes automotive sales revenue upon delivery to the customer, which is the point when control of a vehicle transfers.


[User] How does the company account for warranties in its financial statements?

[Assistant] The company accrues a warranty reserve for projected costs to repair or replace items under warranties and recalls, based on actual claims and an estimate of future claims. This warranty expense is recorded as a component of Cost of revenues.


[User] What is the estimated timeline for stock options and RSUs to vest as stated by the company?

[Assistant] The vesting period for stock options and RSUs is generally four years.


[User] What financial model does the company use to estimate the fair value of stock-based compensation awards?

[Assistant] The company uses the Black-Scholes option-pricing model to estimate the fair value of stock-based compensation awards.


[User] What percentage of the global workforce was female at the end of fiscal year 2023?

[Assistant] 19%


[User] What degree does Jen-Hsun Huang hold from Stanford University?

[Assistant] M.S.E.E. degree


[User] What is the percentage of Black or African American and Hispanic or Latino employees in the workforce in the United States?

[Assistant] 6%


[User] What position did Colette M. Kress hold before joining NVIDIA in 2013?

[Assistant] Senior Vice President and Chief Financial Officer of the Business Technology and Operations Finance organization at Cisco Systems, Inc.


[User] What role did Debora Shoquist hold at JDS Uniphase Corp. from 2004 to 2007?

[Assistant] Debora Shoquist served as the Executive Vice President of Operations at JDS Uniphase Corp. from 2004 to 2007.


[User] What degrees does Timothy S. Teter hold and from which institutions?

[Assistant] Timothy S. Teter holds a B.S. degree in Mechanical Engineering from the University of California at Davis and a J.D. degree from Stanford Law School.


[User] Where can NVIDIA's financial reports be accessed?

[Assistant] NVIDIA's financial reports can be accessed for free on their website or through links provided on the website as soon as they are electronically filed or furnished to the SEC.


[User] What position did Timothy S. Teter acquire at NVIDIA in 2018?

[Assistant] In February 2018, Timothy S. Teter became the Executive Vice President, General Counsel, and Secretary at NVIDIA.


[User] What are the two operating segments of NVIDIA as mentioned in the text?

[Assistant] The two operating segments of NVIDIA are "Compute & Networking" and "Graphics."


[User] What year was NVIDIA reincorporated in Delaware?

[Assistant] NVIDIA was reincorporated in Delaware in April 1998.


[User] What factors drove the increase in restructuring expense in the fiscal year ended June 30, 2023?

[Assistant] The increase in restructuring expense was primarily due to an increase in stock-based compensation expense and professional fees, which were partially offset by a decrease in cash severance and other personnel costs.


[User] What components of non-GAAP financial measures are commonly excluded from the calculation of Adjusted EBITDA?

[Assistant] Components commonly excluded from Adjusted EBITDA include depreciation and amortization expense, stock-based compensation expense, goodwill impairment, impairment expense, and income tax expense, among others.


[User] Why is stock-based compensation excluded from Adjusted EBITDA calculations?

[Assistant] Stock-based compensation is excluded because it is a significant recurring expense and a crucial part of the company's compensation strategy.


[User] How does Adjusted EBITDA treat expenses related to litigation?

[Assistant] Adjusted EBITDA does not include certain litigation expenses, specifically legal settlements and related fees that arise outside the ordinary course of business.


[User] What types of costs related to acquisitions are not reflected in Adjusted EBITDA?

[Assistant] Adjusted EBITDA does not reflect transaction and integration costs related to acquisitions.


[User] How does Adjusted EBITDA treat impairment charges and gains or losses on asset disposals?

[Assistant] Adjusted EBITDA does not account for impairment charges for goodwill and fixed assets, nor does it reflect gains or losses on disposals of fixed assets.


[User] What specific costs associated with product recalls are excluded from Adjusted EBITDA?

[Assistant] Costs excluded include adjustments to return reserves, inventory write-downs, logistics costs, the cost to move recalled products, subscription waiver costs of service, and recall-related hardware development and repair costs.


[User] What was the maximum credit amount available under the Amended and Restated Credit Agreement initially?

[Assistant] $500 million


[User] How much was the Company allowed to draw for issuing letters of credit under the initial terms of the Amended and Restated Credit Agreement?

[Assistant] Up to the lesser of $250 million or the aggregate unused amount of the facility.


[User] What significant change occurred to the credit agreement terms on May 25, 2022?

[Assistant] The Company entered into the Second Amended and Restated Credit Agreement, which amended and restated the Amended and Restated Credit Agreement to provide a $750 million term loan facility and a $500 million revolving credit facility.


[User] What different methods does Amazon use to engage and retain employees?

[Assistant] Amazon engages and retains employees through investment and innovation in inclusion and diversity, safety, competitive pay and benefits, flexible work arrangements, and skills training programs such as Amazon Career Choice and Amazon Technical Academy.


[User] When did Jeffrey P. Bezos serve as Chief Executive Officer?

[Assistant] From May 1996 until July 2021


[User] What roles did Andrew R. Jassy hold at Amazon Web Services before becoming its CEO in July 2021?

[Assistant] CEO from April 2016 until July 2021 and Senior Vice President from April 2006 until April 2016


[User] When was Douglas J. Herrington the Senior Vice President for North America Consumer at Amazon?

[Assistant] From January 2015 to July 2022


[User] What position has Brian T. Olsavsky held at Amazon since June 2015?

[Assistant] Senior Vice President and Chief Financial Officer


[User] When did Shelley L. Reynolds begin serving as Vice President, Worldwide Controller and Principal Accounting Officer?

[Assistant] April 2007


[User] What positions did Adam N. Selipsky hold at Amazon Web Services prior to becoming its CEO in July 2021?

[Assistant] Senior Vice President from May 2021 until July 2021 and Vice President, Marketing, Sales and Support from May 2005 to September 2016


[User] What roles did David A. Zapolsky occupy at the company before being appointed Senior Vice President, Global Public Policy and General Counsel in May 2023?

[Assistant] Vice President and Associate General Counsel for Litigation and Regulatory matters from April 2002 until September 2012 and various General Counsel roles until May 2023


[User] For how long did Jeffrey P. Bezos serve as President at Amazon?

[Assistant] From 1994 until June 1999 and again from October 2000 to July 2021


[User] What position does Edith W. Cooper formerly hold at Goldman Sachs Group, Inc.?

[Assistant] Executive Vice President


[User] What criteria does Airbnb, Inc. use to assess if an available-for-sale security should be recorded as impaired on their financial statements?

[Assistant] Airbnb, Inc. assesses an available-for-sale security for impairment based on several factors: the severity and duration of the decline in the security's value, adverse changes in the market or industry of the investee, the company's intent to sell the security, and the likelihood of needing to sell the security before the recovery of its amortized cost basis.


[User] How does Airbnb, Inc. account for non-marketable equity investments?

[Assistant] Airbnb, Inc. accounts for non-marketable equity investments using either the equity method of accounting or by using the measurement alternative for investments without readily determinable fair values. If the company has significant influence over the investee but not control, it uses the equity method. If fair value is not readily determinable and significant influence is absent, it uses the measurement alternative and carries the investments at cost, less any impairments.


[User] How does the company classify cash flows related to derivative instruments in its financial statements?

[Assistant] The company classifies cash flows related to derivative instruments as operating activities in the consolidated statement of cash flows.


[User] How is goodwill represented on the company's balance sheets and how is it tested for impairment?

[Assistant] Goodwill represents the excess of the purchase price over the fair value of net assets acquired in a business combination and it is tested for impairment at least annually in the fourth quarter or when events or changes in circumstances suggest that goodwill might be impaired. This involves a two-step process starting with a qualitative assessment (Step 0) followed by a quantitative step (Step 1) if needed.


[User] What accounting treatment does the Company apply to refunds issued to customers?

[Assistant] The Company accounts for refunds as variable consideration, which results in a reduction to revenue. They reduce the transaction price by the estimated amount of the payments using the most likely outcome method based on known facts and circumstances and historical experience.


[User] How does Airbnb, Inc. handle the accounting of unrecognized tax benefits?

[Assistant] Airbnb, Inc. uses a two-step approach to account for unrecognized tax benefits. First, recognition occurs if a tax position is more-likely-than-not to be sustained based on its technical merits. Second, measurement is determined by the largest amount of benefit that is more than 50% likely to be realized upon ultimate settlement with a taxing authority fully aware of all relevant information.


[User] What is the effective date for the new accounting standard on equity securities for public entities?

[Assistant] The new accounting standard on equity securities is effective for public entities in fiscal years beginning after December 15, 2023.


[User] How much was the cumulative impairment and downward adjustments for observable price changes for the equity investments without readily determinable fair values as of December 31, 2023?

[Assistant] As of December 31, 2023, the cumulative impairment and downward adjustments for observable price changes were $56 million.


[User] What was the fair value of derivatives not designated as hedging instruments categorized as current foreign exchange contracts in prepaids and other current assets as of December 31, 2023?

[Assistant] The fair value was $23 million.


[User] What was the total effective interest rate for the Company's 0% convertible senior notes as of December 31, 2023?

[Assistant] The total effective interest rate for the Company's 0% convertible senior notes as of December 31, 2023 was 0.2%.


[User] What was the revenue for COVID-19 antibodies in 2023?

[Assistant] No revenue


[User] How much cash did the company receive from the sale of product rights in 2023?

[Assistant] In 2023, the company received cash proceeds of $1.60 billion from the sale of product rights.


[User] What was the dividend per share paid in 2023 and how did it change from the previous year?

[Assistant] Dividends of $4.52 per share were paid in 2023, up from $3.92 per share in 2022.


[User] How much money was used in asset acquisitions in 2023?

[Assistant] In 2023, $3.94 billion was paid for acquired IPR&D primarily related to asset acquisitions.


[User] What are the potential financial impacts on the company if multiple products covered by certain arrangements reach their milestones in the same reporting period?

[Assistant] The aggregate expense or aggregate milestone payments could be material to the company's results of operations or cash flows in that reporting period.


[User] Under what conditions might the company make royalty payments?

[Assistant] The company may make royalty payments based on a percentage of sales if the product obtains regulatory approval for marketing.


[User] What discretion does the company have regarding the development of products under certain arrangements?

[Assistant] The company has the discretion to unilaterally terminate development of the product, which would allow it to avoid making contingent payments.


[User] Why does the company view milestone payments as positive?

[Assistant] The company views these payments as positive because they signify that the product is successfully moving through development and is more likely to generate cash flows from sales.


[User] What financial obligations does the company have under executed agreements related to manufacturing capacity?

[Assistant] The company could be required to pay up to approximately $10 billion if it does not purchase specified amounts of goods or services over the durations of the agreements.


[User] Why are critical accounting estimates essential for preparing financial statements in accordance with U.S. GAAP?

[Assistant] Critical accounting estimates are essential because they involve estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses, and related disclosures.


[User] What decision did the Ninth Circuit make regarding Slack's case on September 20, 2021?

[Assistant] The Ninth Circuit affirmed the district court’s ruling.


[User] When did Slack file a petition for a writ of certiorari with the U.S. Supreme around, and what was the outcome?

[Assistant] Slack filed a petition for a writ of certiorari with the U.S. Supreme Court on August 31, 2022, and it was granted on December 13, 2022.


[User] What actions did Slack and the other defendants take in the State Court Action in February 2020?

[Assistant] Slack and the other defendants filed demurrers to the complaint in the State Court Action.


[User] What were the key components audited in Salesforce, Inc.'s financial statements for the years ending January 31, 2023?

[Assistant] The key components audited in Salesforce, Inc.'s financial statements for the years ending January 31, 2023, included the consolidated balance sheets, statements of operations, comprehensive income, stockholders' equity, and cash flows.


[User] What significant estimates and assumptions does Salesforce management make in their financial statements?

[Assistant] Salesforce management makes significant estimates and assumptions including the fair value of assets acquired and liabilities assumed for business combinations, the standalone selling price of performance obligations for revenue contracts with multiple performance obligations, the valuation of privately-held strategic investments, including impairments, the recognition, measurement and valuation of current and deferred income taxes and uncertain tax positions, the average period of benefit associated with costs capitalized to obtain revenue contracts, the useful lives of intangible assets, and the fair value of certain stock awards issued.


[User] What year was Eli Lilly and Company incorporated, and in which state did this occur?

[Assistant] Eli Lilly and Company was incorporated in 1901 in the state of Indiana.


[User] What is the main business focus of Eli Lilly and Company?

[Assistant] The main business focus of Eli Lilly and Company is human pharmaceutical products.


[User] What is the purpose of Eli Lilly and Company?

[Assistant] The purpose of Eli Lilly and Company is to unite caring with discovery to create medicines that make life better for people around the world.


[User] How does Eli Lilly and Company contribute to its long-term success?

[Assistant] Eli Lilly and Company's long-term success depends on its ability to continually discover or acquire, develop, and commercialize innovative medicines.


[User] Where does Eli Lilly and Company manufacture and distribute its products?

[Assistant] Eli Lilly and Company manufactures and distributes its products through facilities in the United States, including Puerto Rico, and in Europe and Asia.


[User] What was the result of the Delaware Supreme Court's decision on August 21, 2023, concerning the litigation related to the AMC Preferred Equity Units?

[Assistant] The Delaware Supreme Court confirmed the Chancery Court's ruling, allowing the previously blocked Charter Amendments to proceed.


[User] How many shares of Common Stock were issued by the Company on August 28, 2023, as part of a litigation settlement?

[Assistant] The Company issued 6,897,018 shares of Common Stock on August 28, 2023, as part of a litigation settlement.


[User] What actions were taken by the Company following the Delaware Chancery Court's approval of a litigation settlement on August 11, 2023?

[Assistant] Following the Delaware Chancery Court's approval, the Company prepared to make a Settlement Payment and issued additional shares as part of the settlement on August 28, 2023.


[User] How much did admissions contribute to the total revenue in 2023?

[Assistant] $2,690.5 million


[User] What was the operating income for the year 2023?

[Assistant] -$74.3 million


[User] How much were the food and beverage costs in 2023?

[Assistant] $315.3 million


[User] What amount did AMC Entertainment Holdings, Inc. list in long-lived assets impairment charges for U.S. theatres in the year 2023?

[Assistant] $49.2 million


[User] What was the net capital expenditure by AMC Entertainment Holdings, Inc. in the most recent year reported?

[Assistant] -$518.1 million


[User] How many new screens did AMC Entertainment Holdings, Inc. add in 2023?

[Assistant] 85


[User] What total number of theatre screens did AMC Entertainment Holdings, Inc. operate at the end of the most recent year?

[Assistant] 11,041


[User] What are the total future non-cancelable minimum payments under leases as of January 31, 2023?

[Assistant] $4.7 billion


[User] Who are the stakeholders involved in the assessment of topics impacting enterprise value and broader societal and environmental issues?

[Assistant] The stakeholders involved include investors, customers, suppliers, employees, executives, non-governmental organizations, and sector organizations.


[User] By which auditing standards were the consolidated financial statements of Salesforce, Inc. audited?

[Assistant] Standards of the Public Company Accounting Oversight Board (United States) (PCAOB)


[User] What are the primary sources of revenue for Salesforce, Inc. as described in their consolidated financial statements?

[Assistant] Subscription and support services and professional services contracts


[User] What risks are associated with projecting the effectiveness of internal controls into future periods as mentioned?

[Assistant] The risks include that controls may become inadequate due to changing conditions or that the degree of compliance with policies and procedures may deteriorate.


[User] What was the total amount of comprehensive loss reported on January 31, 2021, and January 31, 2023?

[Assistant] The total amount of comprehensive loss reported on January 31, 2021 was $42, and on January 31, 2023, it was $274.


[User] How much did the total stockholders' equity increase from January 31, 2021, to January 31, 2023?

[Assistant] The total stockholders' equity increased from $41,493 million on January 31, 2021, to $58,359 million on January 31, 2023.


[User] How many shares were issued related to business combinations in the year ending January 31, 2022, and what was the total amount involved?

[Assistant] In the fiscal year ending January 31, 2022, 46 million shares were issued related to business combinations, involving a total of $11,269 million.


[User] What was the reason for Salesforce changing its corporate name in March 2022?

[Assistant] Salesforce changed its corporate name from salesforce.com, inc. to Salesforce, Inc. in March 2022.


[User] How does Salesforce's revenue recognition policy handle overage fees and contingent fees?

[Assistant] Salesforce includes an estimate of overage fees and contingent fees in the transaction price if it is probable that a significant reversal of cumulative revenue recognized will not occur.


[User] How does the federal diagnosis-related group (DRG) payment system affect the financial incentives of health care facilities in the U.S.?

[Assistant] The federal DRAG payment system provides fixed reimbursements to health care facilities based on diagnoses and/or procedures, incentivizing them to control or limit expenditures.


[User] What obligations do drug and biologics manufacturers have under the Physician Payments Sunshine Act?

[Assistant] Manufacturers are required to record and report any transfers of value to physicians and teaching hospitals to the Centers for Medicare and Medicaid Services for public disclosure.


[User] How will the Inflation Reduction Act of 2022 impact Medicare Part D and Part B drug pricing?

[Assistant] The Inflation Reduction Act requires government-set prices for select drugs more than nine years from FDA approval and mandates rebates when drug prices increase faster than inflation.


[User] What measures have the European Union adopted to regulate pharmaceutical pricing and trade?

[Assistant] The European Union mandates pricing controls, permits parallel trade, and promotes generic substitution through directives and legislation.


[User] What is required to support a PMA application in the medical device industry?

[Assistant] A clinical trial is almost always required to support a PMA application.


[User] What must clinical trials generally submit to begin testing a device in humans?

[Assistant] Clinical trials generally require the submission of an application for an investigational device exemption (IDE).


[User] What two approvals are necessary from the FDA before a clinical trial can begin?

[Assistant] A study sponsor must obtain approval for its IDE from the FDA, and must also obtain approval of its study from the Institutional Review Board overseeing the trial.


[User] What are the projected environmental protection expenditures for AbbVie in 2024?

[Assistant] In 2024, capital expenditures for pollution control are estimated to be approximately $22 million and operating expenditures are estimated to be approximately $45 million.


[User] How does AbbVie support employee growth and development?

[Assistant] AbbVie invests in its employees through competitive compensation, benefits, employee support programs, and by offering development and leadership opportunities across functional and leadership training, supplemented by its Learn, Develop, Perform program.


[User] What role do AbbVie's Employee Resource Groups play in the organization?

[Assistant] AbbVie's Employee Resource Groups help nurture an inclusive culture by building community and creating connections.


[User] What are the benefits included in the AMC Stubs A-List membership?

[Assistant] The AMC Stubs A-List membership includes admission to movies up to three times per week, premium offerings like IMAX, Dolby Cinema at AMC, and other PLF brands, and the ability to book tickets online in advance with reserved seating at no additional cost.


[User] What percentage of AMC's total revenue from ticket sales was generated online in the U.S. in 2023?

[Assistant] Approximately 69% of AMC's ticket sales in the U.S. were made online in 2023.


[User] What are the key features of AMC's proprietary PLF auditoriums?

[Assistant] AMC's proprietary PLF auditoriums feature superior sight and sound technology, enhanced seating, and offer an enhanced theatrical experience at a lower price premium compared to IMAX or Dolby Cinema.


[User] How many proprietary PLF screens did AMC operate in the U.S. and internationally as of December 31, 2023?

[Assistant] As of December 31, 2023, AMC operated 57 proprietary PLF screens in the U.S. markets and 79 screens in the International markets.


[User] What were the total number of IMAX and Dolby Cinema screens operated by AMC as of December 31, 2023?

[Assistant] As of December 31, 2023, AMC operated 217 IMAX screens and 169 Dolby Cinema screens.


[User] What is the purpose of the AMC Entertainment Visa Card launched in 2023?

[Assistant] The AMC Entertainment Visa Card allows cardholders to earn Stubs rewards points with every purchase, and extra points when making purchases at an AMC theatre, aiming to enhance customer loyalty and spending.


[User] What are the new popcorn products offered by AMC Theatres as of 2023?

[Assistant] As of 2023, AMC Theatres offered ready-to-eat and microwaveable Perfectly Popcorn products, and also provides freshly popped popcorn through food delivery-to-home services and 'To Go' packages at their theatres.


[User] What strategies are being adopted to enhance revenue through acquisition according to the business plans described?

[Assistant] The business plans include pursuing value-enhancing initiatives such as making attractive and opportunistic acquisitions inside and outside the theatrical exhibition industry. These acquisitions aim to leverage the company's footprint and capabilities as well as the core competencies and experiences of the management team.


[User] How many households and individuals are represented in the Stubs loyalty programs?

[Assistant] The Stubs loyalty programs have developed a consumer database representing approximately 32 million households and 64 million individuals.


[User] What is the combined market share held by the company in its three largest metropolitan markets in the United States as of December 31, 2023?

[Assistant] As of December 31, 2023, the company held a 44% combined market share in its three biggest metropolitan markets in the United States—New York, Los Angeles, and Chicago.


[User] When might fair value adjustments for observable transactions occur for non-marketable equity securities?

[Assistant] Fair value adjustments for observable transactions might occur in a period subsequent to when the transaction actually occurred, due to delays in reporting from investee companies.


[User] How does the company generate the majority of its revenue?

[Assistant] The company generates substantially all of its revenue from advertising, mainly by displaying ad products on platforms like Facebook, Instagram, Messenger, and third-party mobile applications.


[User] How is revenue recognized from impression-based and action-based ads?

[Assistant] Revenue from impression-based ads is recognized in the contracted period when the ads are delivered, and from action-based ads when the user takes the action contracted by the marketer.


[User] How is the average price per ad calculated, and what impact did the year-over-year changes have on advertising revenue in 2023?

[Assistant] The average price per ad is calculated by dividing total advertising revenue by the number of ads delivered. In 2023, the number of ads delivered increased, but the average price per ad decreased by 9% due to higher ad delivery volumes and monetization rates of certain products like Reels.


[User] How much did WhatsApp Business Platform revenue contribute to the increase in other revenue in 2023?

[Assistant] The increase in other revenue in 2023 of $250 million was mainly driven by WhatsApp Business Platform revenue.


[User] What was the primary factor for the decrease in Reality Labs revenue in 2023?

[Assistant] The decrease in Reality Labs revenue in 2023 was mostly driven by a net decrease in the volume of Meta Quest sales.


[User] What was the impact of seasonal holiday demand on revenue patterns?

[Assistant] Seasonal holiday demand contributes to traditional seasonal strength in revenue during the fourth quarter of each year.


[User] How much would total revenue and advertising revenue have been lower in 2023 using constant foreign exchange rates compared to actual figures?

[Assistant] Using constant foreign exchange rates, total revenue and advertising revenue would have been $374 million and $379 million lower, respectively, than the actual figures in 2023.


[User] What was the total net uncertain tax positions as of December 31, 2023?

[Assistant] As of December 31, 2023, the company had net uncertain tax positions totaling $6.95 billion.


[User] What specific measures contributed to the increase in cash flow from operating activities in 2023?

[Assistant] The increase in cash flow from operating activities in 2023 was primarily due to a higher net income, an increase in cash collection from customers, and a decrease in payments to vendors.


[User] What does Note 16 in a 10-K filing pertain to?

[Assistant] Note 16 pertains to Commitments and Contingencies and includes information about certain legal proceedings.


[User] What do the Commitments and Contingencies in Note 16 of a 10-K involve?

[Assistant] They involve detailed information about certain legal proceedings of the company.


[User] Where does the 10-K filing direct readers for specifics on legal proceedings involving the company?

[Assistant] The filing directs readers to Item 3, where Note 16 leads to further details in Item 8 of Part II.


[User] How many weeks did the fiscal years 2023 and 2022 include?

[Assistant] Fiscal years 2023 and 2022 each included 52 weeks.


[User] What revenue growth did the company's U.S. business and International segment experience in fiscal 2023?

[Assistant] In fiscal 2023, the company's U.S. business and International segment revenue growth primarily drove the consolidated revenue increase of 12%, from $32.3 billion in fiscal 2022 to $36.0 billion.


[User] What was the comparative increase in comparable store sales for the North America segment and U.S. market in fiscal 2023?

[Assistant] Comparable store sales for the North America segment and the U.S. market increased by 9% in fiscal 2023.


[User] What major plan did the company announce in the U.S. market in fiscal 2023?

[Assistant] In fiscal 2023, the company announced the Reinvention Plan in the U.S. market to increase efficiency while enhancing the partner and customer experience.


[User] How did the International segment's revenue performance in fiscal 2023 compare to fiscal 2022, despite COVID-19 impacts?

[Assistant] The International segment's revenue grew by 8% in fiscal 2023 compared to fiscal 2022, despite COVID-19 related challenges in China during the first half of the year.


[User] What were the effects of the Seattle's Best Coffee brand transaction in fiscal 2023?

[Assistant] In fiscal 2023, the sale of the Seattle's Best Coffee brand assets resulted in a pre-tax gain of $91.3 million.


[User] How did fiscal 2023's operating margin compare to that of the previous fiscal year?

[Assistant] The operating margin in fiscal 2023 was 16.3%, compared to 14.3% in fiscal 2022.


[User] Through which channels does the company disclose material non-public information?

[Assistant] The company discloses material non-public information through their investor relations website, identified social media channels, press releases, SEC filings, public conference calls, and webcasts.


[User] How did the company's organizational structure change in terms of segment reporting in the fourth quarter of 2023?

[Assistant] In the fourth quarter of 2023, the company revised its segment reporting structure to focus on regional markets instead of selling channels. They organized operations into four regional markets: Americas, China Mainland, APAC, and EMEA, and they report three segments: Americas, China Mainland, and Rest of World.


[User] How did lululemon's net revenue and comparable sales change from 2022 to 2023?

[Assistant] From 2022 to 2023, lululemon's net revenue increased by 19% to $9.6 billion, and comparable sales increased by 13% overall.


[User] What new products and partnerships did lululemon introduce in 2023?

[Assistant] In 2023, lululemon launched new products including Wundermost, Steady State, and Soft Jersey collections. They also updated Blissfeel and Chargefeel footwear styles and introduced their first footwear styles for men. Additionally, they announced a textile-to-textile recycling partnership and a new partnership with Peloton, making them the exclusive provider of content for lululemon Studio members and their primary apparel provider.


[User] What were the main reasons for the increased net revenue in 2023 compared to 2022?

[Assistant] The increase in net revenue in 2023 compared to 2022 was primarily due to increased Americas net revenue, and also increases in China Mainland and Rest of World net revenues.


[User] How did the company's supply chain disruption impact its transport costs?

[Assistant] The supply chain disruption led the company to use higher cost modes of transport, specifically increasing the use of air freight.


[User] What was the impact of COVID-19 on the company's operations in China Mainland during 2021 and the first quarter of 2022?

[Assistant] The effect of COVID-19, including store closures, impacted the company's revenue and operating margins during 2021 and the first quarter of 2022 in China Mainland.


[User] What changes occurred in the company's network of retail locations during 2023?

[Assistant] Most of the company's retail locations remained open throughout 2023, although some were temporarily closed due to COVID-19 resurgences during earlier periods.


[User] How did the company manage increased wage rates in 2023 compared to 2022?

[Assistant] The company experienced higher wage rates in 2023 compared to 2022, which led to an increase in employee costs.


[User] What factors influenced consumer purchasing behaviors and spending in the company's sector during the period discussed?

[Assistant] Consumer purchasing behaviors and spending were influenced by uncertain economic conditions such as inflation, higher interest rates, and other factors.


[User] What was the balance of the accrual for U.S. covered litigation at the beginning and end of the period in 2023?

[Assistant] The balance of the accrual for U.S. covered litigation was $1,441 million at the beginning and $1,621 million at the end of the period in 2023.