[User] Where can one find the company's periodic reports and other filed information?

[Assistant] The company's periodic reports and other information can be found on the SEC's website at www.sec.gov and on the company's investor relations website at ir.tesla.com.


[User] How does leadership visibility in the facilities contribute to company culture?

[Assistant] Leadership visibility in facilities helps drive culture and engagement, as Human Resource Partners are actively involved alongside business leaders.


[User] Where can one find a description of the material pending legal proceedings mentioned in the text?

[Assistant] A description of the material pending legal proceedings can be found in Note 15, Commitments and Contingencies, to the consolidated financial statements in the Annual Report on Form 10-K.


[User] What is Jamie S. Gorelick's current profession and where?

[Assistant] Partner at Wilmer Cutler Pickering Hale and Dorr LLP


[User] What position does Brad D. Smith currently hold?

[Assistant] President of Marshall University


[User] What former roles has Indra K. Nooyi held?

[Assistant] Chair and CEO of PepsiCo, Inc.


[User] In what capacity does Jonathan J. Rubinstein currently serve at Bridgewater Associates, LP?

[Assistant] Former co-CEO


[User] What method is primarily used by the company to account for inventories?

[Assistant] The company primarily uses the first-in first-out (FIFO) method to account for inventories.


[User] What factors contribute to the company's need to possibly record inventory write-downs?

[Assistant] The company might need to record inventory write-downs due to changes in estimates and assumptions about future disposition of inventory, which are inherently uncertain.


[User] How much additional cost of sales would a 1% increase in inventory valuation allowance result in as of December 31, 2023?

[Assistant] A 1% increase in inventory valuation allowance as of December 31, 2023, would result in an additional cost of sales of approximately $355 million.


[User] What financial statement item provides insight into the company's critical accounting estimates?

[Assistant] Item 8 of Part II, 'Financial Statements and Supplementary Data — Note 1 — Description of Business, Accounting Policies, and Supplemental Disclosures' provides insight into the company's critical accounting estimates.


[User] How are the company's inventories valued?

[Assistant] The company's inventories are valued at the lower of cost and net realizable value.


[User] What are the main sources of liquidity for the company as of December 31, 2023?

[Assistant] The main sources of liquidity for the company as of December 31, 2023, are cash flows generated from operations and the balances of cash, cash equivalents, and marketable securities.


[User] What was the year-over-year growth rate for AWS from 2022 to 2023?

[Assistant] The year-over-year growth rate for AWS increased by 13% from 2022 to 2023.


[User] What operating segment turned from a loss to a profit in 2023 and what were the contributing factors?

[Assistant] The North America operating segment turned from a loss in 2022 to a profit in 2023, primarily due to increased unit sales and advertising sales, which offset the increases in shipping and fulfillment costs as well as technology and infrastructure costs.


[User] What changes occurred in the cost of sales from 2022 to 2023 and what factors influenced these changes?

[Assistant] The cost of sales increased in absolute dollars from 2022 to 2023, primarily due to higher product and shipping costs resulting from increased sales, though partially offset by efficiencies in the fulfillment network and lower transportation rates.


[User] What was the primary reason for the increase in shipping costs in 2023 compared to the previous year?

[Assistant] The primary reason for the increase in shipping costs in 2023 compared to the previous year was due to increased sales which led to increased product and shipping costs.


[User] How did changes in foreign exchange rates affect the cost of sales in 2023?

[Assistant] Changes in foreign exchange rates reduced the cost of sales by $254 million in 2023.


[User] What are the included components in shipping costs that contribute to the cost of sales?

[Assistant] Shipping costs include the costs to receive products from suppliers, which are included in inventory and recognized as cost of sales upon the sale of products to customers.


[User] What strategies does the company use to mitigate increasing shipping costs?

[Assistant] The company seeks to mitigate increasing shipping costs through higher sales volumes, optimizing the fulfillment network, negotiating better terms with suppliers, and achieving better operating efficiencies.


[User] Why is offering low prices to customers considered fundamental to the company's success?

[Assistant] Offering low prices is considered fundamental to the company's success because it drives customer satisfaction and loyalty, helping to sustain and grow the business.


[User] What are the primary cost components of the AWS segment?

[Assistant] The primary cost components of the AWS segment are classified under 'Technology and infrastructure,' leveraging a shared infrastructure that supports both internal technology requirements and external sales.


[User] What factors can cause variations in fulfillment costs as a percentage of net sales?

[Assistant] Variations in fulfillment costs as a percentage of net sales can be caused by several factors including changes in volume, unit size and weight, the use of Fulfillment by Amazon services by third-party sellers, fulfillment network expansion timing, and the mix of products and services sold.


[User] How do privacy laws in the EU compare to those in the United States?

[Assistant] EU privacy laws, including the GDPR, are typically more stringent and expansive than those in the United States. This includes requirements for prompt notice of data breaches, restrictions on cross-border data transfers, and potentially significant fines for non-compliance.


[User] What are the main objectives of the economic sanctions imposed by the United States and other international bodies?

[Assistant] Economic sanctions are used to advance a range of foreign policy goals, including conflict resolution, counterterrorism, counternarcotics, and promoting democracy and human rights.


[User] What are the three principles set forth by federal banking regulators' guidance on incentive compensation practices?

[Assistant] The three principles set forth by the federal banking regulators' guidance on incentive compensation practices are: 1) Incentive schemes should balance risk and financial results without pushing employees toward imprudent risks. 2) They should align with effective internal controls and risk management. 3) They must be supported by strong corporate governance, including active board of directors oversight.


[User] What actions might be taken if a banking organization's incentive compensation arrangements are found to pose risks?

[Assistant] Enforcement actions may be taken against a banking organization if its incentive compensation arrangements or related risk-management control or governance processes are identified as posing a risk to the organization's safety and soundness, and the organization has not taken prompt and effective measures to address the deficiencies.


[User] What will happen if the proposed revisions on incentive-based payment arrangements are adopted?

[Assistant] If the proposed revisions on incentive-based payment arrangements are adopted, they will impose restrictions on how compensation can be structured for employees, which could negatively impact the ability to hire, retain, and motivate key personnel.


[User] What type of information is provided on the Investor Relations website of the mentioned company?

[Assistant] The Investor Relations website of the company includes annual, quarterly, and current reports, amendments to these reports, and other financial and material information. It also offers details on corporate sustainability initiatives, including Environmental, Social, and Governance reports.


[User] What should one refer to for details about the legal proceedings of a company?

[Assistant] One should refer to Note 12 to the Consolidated Financial Statements for details about a company's legal proceedings.


[User] For comprehensive information on a company's legal matters, which part of the financial statement should one consult?

[Assistant] One should consult Note 12 to the Consolidated Financial Statements for comprehensive information on a company's legal matters.


[User] What types of revenue does the payments company generate from its various products and services?

[Assistant] The company generates discount revenue, interest income, net card fees, service fees and other revenue, and processed revenue from its various products and services.


[User] What are some of the products and services offered by the globally integrated payments company?

[Assistant] The company offers credit and charge cards, banking, merchant acquisition and processing services, network services, fraud prevention, customer loyalty programs, expense management, and travel and lifestyle services.


[User] What was the change in general and administrative expenses for the year 2023 compared to the previous year?

[Assistant] General and administrative expenses decreased by $72.0 million, or 12%, for the year ended December 31, 2023 compared to 2022.


[User] What was the effect of foreign exchange on cash, cash equivalents, and restricted cash for the year ended December 31, 2023?

[Assistant] The effect of foreign exchange on cash, cash equivalents, and restricted cash was a positive $2,930 for the year ended December 31, 2023.


[User] What caused the increase in net cash provided by operating activities between 2022 and 2023?

[Assistant] The increase in net cash provided by operating activities from 2022 to 2023 was primarily driven by the timing of payments to vendors, the timing of the receipt of payments from customers, and an increase in interest income.


[User] How much net cash was used in investing activities for the years ended December 31, 2022, and 2023, and what were the primary reasons for the increase?

[Assistant] Net cash used in investing activities was $2.7 billion and $45.4 million for the years ended December 31, 2023 and 2022, respectively. The increase was primarily due to purchases of marketable securities, especially short-term U.S. treasury securities.


[User] What were the deferred revenue and customer deposit balances as of December 31, 2023, and how do they compare to the previous year?

[Assistant] As of December 31, 2023, deferred revenue totaled $246.9 million and customer deposits totaled $209.8 million. In comparison, December 31, 2022 totals for deferred revenue and customer deposits were $183.4 million and $142.0 million, respectively.


[User] How is revenue from Palantir Cloud subscriptions recognized over the term of the contract?

[Assistant] Revenue from Palantir Cloud subscriptions is generally recognized over the contract term on a ratable basis, consistent with the transfer of control of the Palantir Cloud services to the customer.


[User] What is the practical expedient elected by the company in accordance with ASC 606 regarding revenue recognition?

[Assistant] The company elected the practical expedient to not adjust contract consideration for the effects of a significant financing component when the period between delivering promised goods or services and receiving payment is expected to be one year or less.


[User] How did the company determine whether their contracts contain a significant financing component?

[Assistant] The company determined that their contracts do not generally contain a significant financing component, as the period between the delivery of goods or services and payment is expected to be one year or less.


[User] What does determining distinct performance obligations in the contracts involve?

[Assistant] Determining distinct performance obligations involves significant judgment to decide if promises are separate obligations that should be accounted for individually or together within the contract context.


[User] How are promises in the company's contracts for On-Premises Software typically accounted for?

[Assistant] Promises to provide software subscription and O&M services in the context of the contracts for On-Premises Software are not considered distinct and are accounted for as a single performance obligation.


[User] What advancement in charging standard did Tesla introduce in November 2022?

[Assistant] In November 2022, Tesla opened up their previously proprietary charging connector as the North American Charging Standard (NACS), allowing all electric vehicles and charging stations to interoperate.


[User] What types of guarantees does Tesla provide to its solar and energy storage customers?

[Assistant] Tesla provides customers with performance guarantees that commit that the underlying system will meet or exceed the minimum energy generation or performance requirements specified in the contract.


[User] How has Tesla sought to increase the affordability of their vehicles in international markets?

[Assistant] Tesla has manufacturing facilities in China and Germany, which helps to increase vehicle affordability in local markets by reducing transportation and manufacturing costs and eliminating the impact of unfavorable tariffs.


[User] What is the Inflation Reduction Act of 2022 and how does it benefit Tesla customers?

[Assistant] The Inflation Reduction Act of 2022, enacted into law on August 16, 2022, includes multiple incentives promoting clean energy and electric vehicles, offering up to $7,500 in federal tax credits for the purchase of qualified electric vehicles in the U.S. through 2032.


[User] What are the benefits of Tesla's Supercharger network to electric vehicle owners?

[Assistant] Tesla's Supercharger network provides quick, reliable charging along well-traveled routes and dense city centers, offering convenient stops for vehicle owners.


[User] How does Tesla handle vehicle servicing to improve problem-solving?

[Assistant] Tesla services their electric vehicles through company-owned locations and employs mobile service technicians to perform work remotely, enabling faster problem identification and solution implementation compared to traditional automotive manufacturers.


[User] What federal agency has taken steps to facilitate energy storage participation in wholesale energy markets?

[Assistant] The Federal Energy Regulatory Commission (FERC)


[User] What program in California provides funding for behind-the-meter energy storage systems?

[Assistant] California Self Generation Incentive Program


[User] Under what sections of the Internal Revenue Code can standalone energy storage technology receive a tax credit?

[Assistant] Sections 48, 48E, and 25D


[User] What type of regulations do U.S. automobiles need to comply with under the National Highway Traffic Safety Administration?

[Assistant] Federal Motor Vehicle Safety Standards (FMVSS) and the NHTSA bumper standard


[User] How might future market volatility affect the company's costs associated with issuing commercial paper?

[Assistant] Future volatility may increase the costs associated with issuing commercial paper or other debt instruments.


[User] What are the expected sources of funding for the company's capital needs in the foreseeable future?

[Assistant] The company expects that existing cash and equivalents, short-term investments, cash generated by operations, together with access to external sources of funds will be sufficient to meet its capital needs in the foreseeable future.


[User] How does the company manage its exposure to credit and interest rate risks?

[Assistant] The company manages its exposure to credit and interest rate risks through investments that are primarily made up of investment grade fixed-income securities, and all investments are maintained at investment grade to minimize credit risk.


[User] What triggers the reclassification of the cumulative change in fair value from Accumulated other comprehensive income to Other (income) expense, net?

[Assistant] The reclassification of the cumulative change in fair value from Accumulated other comprehensive income to Other (income) expense, net is triggered during the quarter in which the decrease occurs.


[User] Under what circumstances might the period related to the fair value of a hedge contract exceed two months?

[Assistant] The period might exceed two months in rare circumstances due to extenuating circumstances related to the nature of the forecasted transaction that are outside the control or influence of the entity.


[User] How is the provision for income taxes determined for the entity?

[Assistant] The provision for income taxes is determined through significant judgment, the use of estimates, and the interpretation and application of complex tax laws.


[User] What is the process used to estimate the company's effective tax rate on an interim basis?

[Assistant] On an interim basis, the company estimates its effective tax rate for the full fiscal year and applies this to the year-to-date Income before income taxes, excluding unusual items, to determine the year-to-date Income tax expense. The income tax effects of infrequent or unusual items are recognized when they occur.


[User] How are changes in uncertain tax positions evaluated and recognized?

[Assistant] Changes in uncertain tax positions are evaluated and recognized based on factors such as changes in facts or circumstances, changes in tax law, settled audit issues, and new audit activity. These assessments may result in the recognition of a tax benefit or an additional charge to the tax provision.


[User] How does the company handle the recording and disclosure of contingent liabilities?

[Assistant] The company records contingent liabilities when a loss is assessed as probable and the amount of the loss can be reasonably estimated. They also disclose contingent liabilities when there is a reasonable possibility that the ultimate loss will materially exceed the recorded liability.


[User] What are the responsibilities of the management of NIKE, Inc. as outlined in its annual report?

[Assistant] The management of NIKE, Inc. is responsible for the integrity of information and representations in the annual report, establishing and maintaining adequate internal control over financial reporting, and for the preparation of financial statements in accordance with U.S. GAAP. Additionally, they are tasked with the appointment of the independent registered public accounting firm and overseeing the annual audit process.


[User] How long do Enterprise Agreements last and who are they designed for?

[Assistant] Enterprise Agreements are designed for medium or large organizations to license cloud services and on-premises software organization-wide and last for a three-year period.


[User] Who can utilize the Microsoft Online Subscription Agreement and what does it allow?

[Assistant] The Microsoft Online Subscription Agreement is for small and medium organizations that want to subscribe, activate, provision, and maintain cloud services directly via the web. It allows customers to acquire monthly or annual subscriptions for cloud services.


[User] What type of organizations is the Open Value agreements designed for and what licenses does it include?

[Assistant] Open Value agreements are designed for small and medium organizations to license cloud services and on-premises software over a three-year period and include perpetual licenses or subscription licenses with Software Assurance included.


[User] What type of flexibility does the Select Plus agreement offer for government and academic organizations?

[Assistant] The Select Plus agreement allows government and academic organizations to acquire on-premises licenses at any affiliate or department level, providing flexibility within the organization.


[User] What benefits does the Microsoft Cloud Solution Provider Program offer to partners?

[Assistant] The Microsoft Cloud Solution Provider Program allows partners to license the cloud services needed by their customers, and package their own products and services to provision, manage, and support customer subscriptions.


[User] What does Note 15 in the financial statements relate to?

[Assistant] Note 15 in the financial statements relates to contingencies.


[User] What is the purpose of the Management's Discussion and Analysis section in Microsoft's financial document?

[Assistant] The Management's Discussion and Analysis (MD&A) section is intended to help the reader understand the results of operations and financial condition of Microsoft Corporation.


[User] What are the key areas of revenue generation for Microsoft as described in their financial overview?

[Assistant] Microsoft generates revenue by offering cloud-based solutions, licensing and supporting software products, delivering online advertising, and designing and selling devices.


[User] What significant expense factors does Microsoft face according to the highlighted text?

[Assistant] Microsoft's significant expenses are related to compensating employees, supporting and investing in cloud services, designing, manufacturing, marketing, and selling products and services, and income taxes.


[User] By what percentage did LinkedIn's revenue increase in fiscal year 2023?

[Assistant] LinkedIn's revenue increased by 10% in fiscal year 2023.


[User] How are revenues and expenses of the company's consolidated foreign operations calculated?

[Assistant] Revenues and expenses of the company's consolidated foreign operations are translated at average exchange rates prevailing during the year.


[User] What are the unrealized gains or losses on unsettled forward foreign-exchange contracts reported as in 2023, 2022, and 2021?

[Assistant] The unrealized gains or losses on unsettled forward foreign-exchange contracts were immaterial in 2023, 2022, and 2021.


[User] What determines the recording of the benefits of uncertain tax positions in the Company's financial statements?

[Assistant] The benefits of uncertain tax positions are recorded in the Company's consolidated financial statements only after determining that there is a more-likely-than-not probability that the uncertain tax positions will withstand challenges from tax authorities.


[User] How are the government and agency securities classified in the Company's investments for 2023?

[Assistant] In 2023, the government and agency securities are classified as available-for-sale.


[User] What did the Company do with the repurchased shares of common stock?

[Assistant] Repurchased shares of common stock are retired in accordance with the Washington Business Corporation Act.


[User] What was the average remaining lease term for operating leases as reported?

[Assistant] The average remaining lease term for operating leases is 20 years.


[User] What are the net deferred tax liabilities for the company at the end of 2023?

[Assistant] The net deferred tax liabilities for the company at the end of 2023 is $304.


[User] What specific actions were initiated by employees against Costco in the Nevarez v. Costco Wholesale Corp. case?

[Assistant] Employees filed claims for failure to pay overtime, to provide meal and rest periods and itemized wage statements, to timely pay wages due to terminating employees, to pay minimum wages, and for engaging in unfair business practices.


[User] When and why was the Nevarez v. Costco Wholesale Corp. class action case remanded to state court?

[Assistant] The case was remanded to state court in January 2020 after the plaintiffs dismissed their Labor Code claims without prejudice.


[User] What are the main types of operations the Company is engaged in?

[Assistant] The Company is primarily engaged in operating membership warehouses.


[User] What were the primary causes of fluctuations in Microsoft's quarterly revenue as stated in the document?

[Assistant] Microsoft's quarterly revenue fluctuations are generally higher in the second and fourth quarters due to corporate year-end spending trends and holiday season spending by consumers.


[User] How much did the Office Consumer products and cloud services revenue increase by?

[Assistant] The Office Consumer products and cloud services revenue increased by $140 million.


[User] What percentage growth did LinkedIn revenue experience?

[Assistant] LinkedIn revenue grew by 10%.


[User] By what percentage did Dynamics 365 grow?

[Assistant] Dynamics 365 grew by 24%.


[User] What was the primary driver for the increase in server products and cloud services revenue in the Intelligent Cloud segment?

[Assistant] The increase in server products and cloud services revenue was primarily driven by Azure and other cloud services.


[User] What were the unresolved issues related to the IRS audits as of June 30, 2023?

[Assistant] As of June 30, 2023, the unresolved issues related to the IRS audits were primarily about transfer pricing.


[User] What is the expected financial impact of transfer pricing issues on the consolidated financial statements?

[Assistant] The transfer pricing issues could have a material impact on the consolidated financial statements once resolved.


[User] What does the non-GAAP financial measure exclude in the current year?

[Assistant] The current year non-GAAP financial measures exclude impacts from the Q2 charge related to employee severance expenses, impairment charges from changes to the hardware portfolio, and lease consolidation costs.


[User] How are non-GAAP financial measures justified for aiding investors according to the document?

[Assistant] Non-GAAP financial measures are justified as they provide additional insight into operational performance and help clarify trends affecting the business, aiding investors.


[User] What primarily comprises unearned revenue according to the discussed financial statements?

[Assistant] Unearned revenue primarily comprises unearned revenue related to volume licensing programs, which may include Software Assurance and cloud services.


[User] How did the Company handle the disposition of its gold bars in 2023?

[Assistant] In 2023, the Company sold all of its gold bars for total proceeds of $51.1 million and recorded an immaterial realized gain.


[User] What was the total net property and equipment as of December 31, 2023?

[Assistant] The total net property and equipment as of December 31, 2023 was $47,758 thousand.


[User] How much was the depreciation and amortization expense for property and equipment in 2023?

[Assistant] The depreciation and amortization expense for property and equipment in 2023 was $23.7 million.


[User] How much undrawn revolving commitment was available under the 2014 Credit Facility as of December 31, 2023?

[Assistant] There was $500.0 million of undrawn revolving commitment available under the 2014 Credit Facility as of December 31, 2023.


[User] What are the allegations made in the lawsuits mentioned?

[Assistant] The lawsuits allege false and misleading statements about the business and prospects, along with claims under the Securities Exchange Act of 1934, the Securities Act of 1933, seeking unspecified damages and remedies under specific sections of these Acts.


[User] What was the result of the consolidation of the legal actions against Palantir Technologies Inc.?

[Assistant] The three legal actions were consolidated under the case name Cupat v. Palantir Technologies Inc., with a lead civil action number of 1:22-cv-02834-CNS-SKC.


[User] What happened to the Parmenter v. Karp case in November 2023?

[Assistant] The plaintiff in the Parmenter v. Karp case filed a Notice of Voluntary Dismissal on November 20, 2023, and the court terminated the action on November 28, 2023.


[User] What is the maximum number of shares that can be added annually to the 2020 Equity Incentive Plan of Palantir Technologies Inc. starting January 1, 2022?

[Assistant] The maximum number of shares that can be added annually to the 2020 Equity Incentive Plan of Palantir Technologies Inc., starting January 1, 2022, is 250,000,000 shares of the Company's Class A common stock.


[User] How is the exercise price for incentive stock options determined under Palantir Technologies Inc.’s 2020 Equity Incentive Plan?

[Assistant] Under the 2020 Equity Incentive Plan, the exercise price of options granted is generally at least equal to the fair market value of the Company’s Class A common stock on the date of grant.


[User] What was the aggregate intrinsic value of options exercised by Palantir Technologies Inc. in the year 2023?

[Assistant] The aggregate intrinsic value of options exercised by Palantir Technologies Inc. in the year 2023 was $476.8 million.


[User] What was the opinion of the independent auditor on Peloton Interactive, Inc.'s consolidated financial statements for the fiscal year ended June 30, 2023?

[Assistant] The independent auditor expressed the opinion that the consolidated financial statements of Peloton Interactive, Inc. fairly presented the financial position of the company as of June 30, 2023 and 2022, and the results of its operations and its cash flows for each of the three years in the period ended June 30, 2023, in conformity with U.S. generally accepted accounting principles.


[User] What benefits does Starbucks provide to its full-time baristas and shift supervisors in China?

[Assistant] Starbucks provides an additional month's salary as a bonus on top of the 13th month pay, a monthly housing subsidy, and comprehensive health insurance coverage for parents of partners to its full-time baristas and shift supervisors in China.


[User] How does Starbucks support continuous training and development for its partners?

[Assistant] Starbucks emphasizes continuous training and development opportunities for its partners, including safety and security protocols, updates on new products and services, and technologies deployment. Training sessions, known as Pour Over sessions, feature inspiring talks with thought leaders covering topics like goal setting, feedback, and customer engagement.


[User] What courses does Starbucks encourage its U.S.-based partners to enroll in to promote an inclusive culture?

[Assistant] Starbucks encourages its U.S.-based partners to enroll in the 'To Be Welcoming' courses, created in partnership with Arizona State University, to address different forms of bias and discrimination.


[User] What is Starbucks' achievement regarding pay equity in the U.S.?

[Assistant] Starbucks has achieved and maintains 100 percent pay equity in the U.S. for women, men, and people of all races doing similar work.


[User] What is Starbucks' commitment regarding gender pay equity?

[Assistant] Starbucks has made a commitment to achieve gender pay equity in all company-operated markets.


[User] What principles does Starbucks formulate to support global pay equity?

[Assistant] Starbucks has formulated pay-equity principles that provide equal footing, transparency, and accountability, focusing on addressing known, systemic barriers to global pay equity.


[User] What was the total number of Starbucks employees worldwide as of October 1, 2023?

[Assistant] As of October 1, 2023, Starbucks employed approximately 381,000 people worldwide.


[User] What proportion of Starbucks' partners in U.S. company-operated stores are represented by unions?

[Assistant] Approximately 3.6% of Starbucks partners in U.S. company-operated stores are represented by unions.


[User] Who is the chief executive officer of Starbucks as of March 2023 and what was his previous position?

[Assistant] Laxman Narasimhan, who joined Starbucks as chief executive officer-elect in 2022, has served as CEO since March 2023. Prior to this, he was CEO of Reckitt Benckiser Group Plc.


[User] What does the Google app 'Google Assistant' do?

[Assistant] Google Assistant helps users get things done seamlessly across different devices by providing intelligent help throughout a person's day.


[User] What role does Google envision for AI in society?

[Assistant] Google believes AI can solve some of the hardest societal, scientific, and engineering challenges of our time.


[User] What does Google's new model 'Gemini' aim to achieve?

[Assistant] Gemini aims to generalize and seamlessly understand, operate across, and combine different types of information, including text, code, audio, images, and video.


[User] How does YouTube contribute to users' experience according to the company's statement?

[Assistant] YouTube provides entertainment, information, and opportunities for people to learn something new.


[User] How does Google prioritize privacy and security in its operations?

[Assistant] Google prioritizes privacy and security by investing continuously in secure products, upholding responsible data practices, and providing user-friendly settings that enable control over privacy.


[User] What core products and platforms does Google Services include?

[Assistant] Google Services includes ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube as its core products and platforms.


[User] How has Google Search evolved since its inception?

[Assistant] Google Search has evolved from a basic web page search tool into a dynamic, multimodal experience, expanding into mobile web search, introducing Universal Search, and new search modalities like voice and visual search.


[User] What technological advancements has Google introduced to improve search functionality?

[Assistant] Google has introduced advancements such as multisearch, large language models like BERT and MUMs, and various types of unified and intuitive search modalities that enhance user experience.


[User] What strategies does Google employ to support its advertising business?

[Assistant] Google supports its advertising business by continuously investing in performance and brand advertising, improving measurability of advertising effectiveness, stopping bad advertising practices, and protecting users.


[User] What additional revenue sources does Google Services have beyond advertising?

[Assistant] Beyond advertising, Google Services generates revenue from consumer subscriptions, platforms, and device sales; specifically from YouTube services, Google Play, and the Pixel family of devices.


[User] What critical audit matter was highlighted in the audit of Amazon.com, Inc.'s financial statements?

[Assistant] The critical audit matter highlighted in the audit of Amazon.com, Inc.'s financial statements was the uncertain tax positions. This involved significant auditor judgment regarding the sustainability and measurement of the tax positions.


[User] What was Amazon's total non-operating income (expense) in 2023?

[Assistant] Amazon's total non-operating income (expense) for 2023 was $705 million.


[User] What was the total stockholders' equity at Amazon.com, Inc. as of December 31, 2021?

[Assistant] The total stockholders' equity at Amazon.com, Inc. as of December 31, 2021, was $138,245.


[User] How did the accumulated other comprehensive income (loss) change from January 1, 2021, to December 31, 2021, for Amazon.com, Inc.?

[Assistant] The accumulated other comprehensive income (loss) changed from $(1,837) as of January 1, 2021, to $(1,376) as of December 31, 2021, indicating an improvement.


[User] How is basic earnings per share calculated?

[Assistant] Basic earnings per share is calculated using the weighted-average outstanding common shares.


[User] What is the method used to calculate diluted earnings per share?

[Assistant] Diluted earnings per share is calculated using the weighted-average outstanding common shares including the dilutive effect of stock awards as determined under the treasury stock method.


[User] What were the financial outcomes of the marketable equity securities valuation for a company from 2021 to 2023?

[Assistant] The marketable equity securities valuation gains (losses) for the company were $11,526 million in 2021, $(13,870) million in 2022, and $984 million in 2023.


[User] What is the purpose of the seller receivables as mentioned in the financial summary?

[Assistant] Seller receivables are amounts due from sellers related to a lending program designed to provide funding for sellers primarily to procure inventory.


[User] What are the classification and reporting criteria for marketable debt securities?

[Assistant] Marketable debt securities are classified as available-for-sale and are reported at fair value. The unrealized gains and losses from these securities are included in 'Accumulated other comprehensive income (loss).


[User] What were the present values of lease liabilities for operating and finance leases as of December 31, 2023?

[Assistant] As of December 31, 2023, the present value of operating lease liabilities was $75,639 million, and the present value of finance lease liabilities was $12,109 million.


[User] What led to the increase in fulfillment costs in 2023?

[Assistant] The increase in fulfillment costs in 2023 was primarily due to increased sales and investments in the fulfillment network, partially offset by efficiencies within the fulfillment network.


[User] What are the main components of technology and infrastructure costs?

[Assistant] The main components of technology and infrastructure costs include payroll and related expenses for employees involved in R&D, design and maintenance of stores, curation of products, and infrastructure costs like servers and data centers.


[User] What factors are contributing to the increase in technology and infrastructure costs in 2023?

[Assistant] The increase in technology and infrastructure costs in 2023 is mainly due to increased spending on infrastructure and increased payroll and related costs for technical teams expanding existing products and services.


[User] How does the company view its free shipping offers in terms of marketing strategy?

[Assistant] The company views its free shipping offers as effective worldwide marketing tools, which are intended to continue being offered indefinitely to attract and retain customers.


[User] What was the free cash flow reported for the year ended December 31, 2022?

[Assistant] The free cash flow for the year ended December 31, 2022 was -$11,569 million.


[User] What was the total principal repayments of financing obligations for 2023?

[Assistant] The total principal repayments of financing obligations for 2023 was $271 million.


[User] What are the principal repayments of finance leases for the year 2022?

[Assistant] The principal repayments of finance leases for 2022 were $7,941 million.


[User] What were the purchases of property and equipment, net of proceeds from sales and incentives, for the year ended December 31, 2023?

[Assistant] The purchases of property and equipment, net of proceeds from sales and incentives, for the year ended December 31, 2023, were -$48,133 million.


[User] What was the total amount of equipment acquired under finance leases in 2023?

[Assistant] In 2023, the total amount of equipment acquired under finance leases was $310 million.


[User] What are the components of Amazon.com, Inc.'s consolidated financial statements for the years ending on December 31, 2023?

[Assistant] The components of Amazon.com, Inc.'s consolidated financial statements for the years ending on December 31, 2023, include consolidated balance sheets, consolidated statements of operations, consolidated statements of comprehensive income (loss), consolidated statements of stockholders' equity, and consolidated statements of cash flows.


[User] How much did the company invest in the Reality Labs segment in 2023?

[Assistant] The company invested $18.02 billion in the Reality Labs segment in 2023.


[User] What is the focal area of investment for the technical infrastructure mentioned?

[Assistant] The focal area of investment for the technical infrastructure includes making significant investments in technology to improve existing products and services, develop new ones, and protect the security, privacy, and integrity of the platform.


[User] What AI initiatives is the company investing in?

[Assistant] The company is investing in AI initiatives that include generative AI to recommend relevant content across products through an AI-powered discovery engine, enhance advertising tools, and improve ad delivery, targeting, and measurement capabilities.


[User] How do the majority of marketers use the company's advertising platform?

[Assistant] The majority of the company's marketers use a self-service ad platform to launch and manage their advertising campaigns.


[User] What factors contribute to the uncertainty of laws and regulations affecting the company's business?

[Assistant] The uncertainty of laws and regulations affecting the company's business is due to their constant evolution, potential for significant change, and inconsistency in application, interpretation, and enforcement across different jurisdictions.


[User] What does GDPR require in case of a personal data breach, and what penalties does it impose for non-compliance?

[Assistant] GDPR requires submission of personal data breach notifications to the lead European Union privacy regulator and includes significant penalties for non-compliance with the notification requirement and other aspects of the regulation.


[User] What significant legal decision affected Meta Platforms Ireland's data transfer practices?

[Assistant] The Irish Data Protection Committee (IDPC) issued a Final Decision concluding that Meta Platforms Ireland's reliance on Standard Contractual Clauses (SCCs) for certain transfers of European Economic Area (EEA) Facebook user data was not in compliance with the European General Data Protection Regulation (GDPR).


[User] What mechanism is used in the GDPR to review draft decisions of investigations by the IDPC?

[Assistant] The GDPR uses a consistency mechanism to review draft decisions in investigations by the IDPC.


[User] What kind of impact could the evolving interpretation and enforcement of GDPR have on business operations?

[Assistant] The evolving interpretation and enforcement of GDPR could negatively impact the business and operations.


[User] What legal basis for behavioral advertising on Facebook and Instagram in the EU, EEA, and Switzerland was announced to be changed and what was it changed to?

[Assistant] The legal basis for behavioral advertising on Facebook and Instagram in the EU, EEA, and Switzerland was announced to be changed from 'legitimate interests' to 'consent'.


[User] How much was Nike's net income at the end of May 2023?

[Assistant] Nike's net income at the end of May 2023 was $5,070 million.


[User] How does the company account for shipping and handling costs associated with outbound freight after control over a product has transferred to a customer?

[Assistant] The company accounts for shipping and handling costs associated with outbound freight after control over a product has transferred to a customer as fulfillment costs, and these costs are included in the Cost of Sales when the related revenues are recognized.


[User] What are the criteria for capitalizing software development costs according to the company's policy?

[Assistant] The company's policy allows for the capitalization of external direct costs associated with developing or obtaining internal use computer software, as well as certain payroll and payroll-related costs for employees who are directly associated with internal use computer software projects, limited to the time they spend on these projects.


[User] How does the company recognize stock-based compensation in its financial statements?

[Assistant] The company recognizes stock-based compensation by estimating the fair value, net of estimated forfeitures, of equity awards and recording the related expense as Cost of sales or Operating overhead expense in the Consolidated Statements of Income. This expense is recognized on a straight-line basis over the vesting period of the awards.


[User] What factors influence the recording of the Company's credit-related contingent features in financial statements?

[Assistant] The Company records amounts associated with credit-related contingent features in various ways depending on the nature of the collateral involved. Cash collateral posted is recorded under 'Prepaid expenses and other current assets' and offsets against the company’s derivative liability balance. Conversely, cash collateral received is presented in the 'Cash provided by operations' component of the Consolidated Statements of Cash Flows. Non-cash collateral received, such as securities, is not recognized on the Consolidated Balance Sheets.


[User] What is the cumulative dividend payable annually on the redeemable preferred stock of the Company?

[Assistant] The cumulative dividend payable annually on the redeemable preferred stock is $0.10 per share.


[User] What was the aggregate intrinsic value for options that were both outstanding and exercisable as of May 31, 2023?

[Assistant] The aggregate intrinsic value for options both outstanding and exercisable as of May 31, 2023, was $1,380 million and $1,307 million respectively.


[User] What is the total fair value of derivative assets listed in the financial statement for May 31, 2023?

[Assistant] $557 million


[User] What was the total notional amount of the Company's undesignated derivative instruments as of May 31, 2023?

[Assistant] The total notional amount of the Company's undesignated derivative instruments was $4.7 billion as of May 31, 2023.


[User] What were the total Nike, Inc. revenues for the fiscal year ended May 31, 2023?

[Assistant] The total Nike, Inc. revenues for the fiscal year ended May 31, 2023, were $51,217 million.


[User] What interest rates are applicable to the notes issued in April 2022?

[Assistant] The notes issued in April 2022 have interest rates ranging from 2.73% to 4.10%.


[User] What is the weighted-average remaining term of the financing obligations as of December 31, 2023?

[Assistant] The weighted-average remaining term of the financing obligations was 17.0 years as of December 31, 2023.


[User] What allegations were made against Amazon.com, Inc. in the complaint filed by Broadband iTV, Inc. in October 2020?

[Assistant] The complaint filed by Broadband iTV, Inc. against Amazon.com, Inc. in October 2020 alleges that certain Amazon Prime Video features and services infringe U.S. Patent Nos. 9,648,388, 10,546,750, and 10,536,751, each entitled 'Video-On-Demand Content Delivery System for Providing Video-On-Demand Services to TV Services Subscribers'; 10,028,026, entitled 'System for Addressing On-Demand TV Program Content on TV Services Platform of a Digital TV Services Provider'; and 9,973,825, entitled 'Dynamic Adjustment of Electronic Program Guide Displays Based on Viewer Preferences for Minimizing Navigation in VOD Program Selection.'


[User] What was the significant tax benefit recorded in 2023 for federal research and development credits?

[Assistant] In 2023, there was a tax benefit of approximately $600 million recorded for federal research and development credits associated with the 2022 fiscal year.


[User] How are the technology infrastructure costs allocated among the segments in the company?

[Assistant] The majority of technology infrastructure costs recorded under 'Technology and infrastructure' are included in the North America and AWS segments based on usage, typically reflecting the segment where the costs are incurred.


[User] What was the total net addition to property and equipment for AWS in the year 2023?

[Assistant] $24,843 million


[User] What is a paid membership as defined in the provided context?

[Assistant] A paid membership is defined as a membership that has provided a payment method, is not in a free trial or certain promotions, and has the right to receive service from the company.


[User] How are voluntary and involuntary cancellations different according to the provided information?

[Assistant] Voluntary cancellations generally become effective at the end of the prepaid membership period, while involuntary cancellations, such as those resulting from a failed payment method, become effective immediately.


[User] What is the purpose of using constant currency to measure financial performance?

[Assistant] The constant currency measure is used to analyze trends in average monthly revenue per membership by excluding the effects of foreign currency fluctuations.


[User] What constituted the majority of the cost of revenues in the discussed financial year?

[Assistant] Amortization of content assets made up the majority of the cost of revenues.


[User] What entities are identified as significant sources of competition for the company?

[Assistant] Significant sources of competition include companies that provide or intend to provide GPUs, CPUs, DPUs, embedded SoCs, and other accelerated, AI computing processor products, and providers of semiconductor-based high-performance interconnect products such as InfiniBand, Ethernet, Fibre Channel, and proprietary technologies.


[User] What measures does the company rely on to protect its intellectual property (IP)?

[Assistant] The company relies on a combination of patents, trademarks, trade secrets, employee and third-party nondisclosure agreements, and licensing arrangements to protect its IP.


[User] What recent regulatory changes have impacted the company's operations?

[Assistant] During the third quarter of fiscal year 2023, the U.S. government announced new license requirements that impact certain exports to China, including Hong Kong and Macau, and Russia of some of the company's data center products.


[User] What was the main reason for the termination of the Share Purchase Agreement for the acquisition of Arm in February 2022?

[Assistant] The main reason for the termination of the Share Purchase Agreement for the acquisition of Arm was significant regulatory challenges preventing the completion of the transaction.


[User] What was the financial cost associated with the termination of the acquisition of Arm?

[Assistant] The financial cost associated with the termination of the acquisition of Arm was $1.35 billion.


[User] What percentage of global electricity usage does NVIDIA aim to match with renewable energy by the end of fiscal year 2025?

[Assistant] By the end of fiscal year 2025, NVIDIA aims to match 100% of its global electricity usage with renewable energy.


[User] How many employees did the company have at the end of fiscal year 2023, and in how many countries were they located?

[Assistant] At the end of fiscal year 2023, the company had 26,196 employees located in 35 countries.


[User] What percentage of the company's workforce holds advanced degrees?

[Assistant] About 50% of the company's workforce hold advanced degrees.


[User] What was the overall turnover rate at the company in fiscal year 2023?

[Assistant] The overall turnover rate at the company in fiscal year 2023 was 5.3%.


[User] What types of learning opportunities does the company provide to support employee development?

[Assistant] The company provides on-the-job training programs, one on one coaching, ongoing feedback, live and on-demand learning experiences including workshops, panel discussions, and speaker forums, as well as curated learning paths focused on common development needs.


[User] What types of businesses and services does Amazon compete against?

[Assistant] Amazon competes against physical, e-commerce, and omnichannel retailers, publishers, vendors, distributors, manufacturers, and producers of various products, as well as companies providing e-commerce services, fulfillment and logistics, information technology services, and advertising services.


[User] What is Amazon's approach to intellectual property?

[Assistant] Amazon regards its intellectual property, including trademarks, service marks, copyrights, patents, domain names, trade dress, trade secrets, and proprietary technologies, as critical to its success and relies on legal protections and agreements to secure its proprietary rights.


[User] How many employees does Amazon have as of December 31, 2023?

[Assistant] As of December 31, 2023, Amazon employed approximately 1,525,000 full-time and part-time employees.


[User] What type of customer segments does Amazon serve?

[Assistant] Amazon serves a diverse set of customer segments, including consumers, sellers, developers, enterprises, content creators, advertisers, and employees.


[User] How is Amazon's business organized operationally?

[Assistant] Amazon's business is organized into three operational segments: North America, International, and Amazon Web Services (AWS).


[User] What subscription services does Amazon offer as part of Amazon Prime?

[Assistant] Amazon Prime includes fast, free shipping on tens of millions of items, access to award-winning movies and series, and other benefits.


[User] What are the primary offerings to consumers through Amazon's online and physical stores?

[Assistant] Amazon offers a vast selection of products, competitive pricing, and focuses on convenience in its online and physical stores.


[User] How does Amazon fulfill customer orders?

[Assistant] Amazon fulfills customer orders through a combination of North America and International fulfillment networks operated by the company, co-sourced and outsourced arrangements in some countries, digital delivery, and through its physical stores.


[User] What programs does Amazon offer to sellers to help grow their businesses?

[Assistant] Amazon offers programs that allow sellers to grow their businesses, sell their products in Amazon's stores, and use Amazon's fulfillment services, through various fee models.


[User] What services does Amazon Web Services (AWS) offer to its clients?

[Assistant] AWS provides a broad set of on-demand technology services including compute, storage, database, analytics, machine learning, and more to various client types such as start-ups, government agencies, and academic institutions.


[User] What was the total finance lease liabilities as of June 30, 2023?

[Assistant] As of June 30, 2023, the total finance lease liabilities amounted to $17,067 million.


[User] What are the primary types of businesses that Berkshire Hathaway Inc. owns?

[Assistant] Berkshire Hathaway Inc. primarily owns insurance businesses, a freight rail transportation business, and a group of utility and energy generation and distribution businesses.


[User] How is Berkshire Hathaway's management structured?

[Assistant] Berkshire Hathaway's management is highly decentralized, with few centralized or integrated business functions, and senior management is responsible for significant capital allocation decisions, investment activities, and the selection of chief executives for its operating businesses.


[User] What are the responsibilities of Berkshire Hathaway's Board of Directors concerning leadership succession?

[Assistant] Berkshire Hathaway's Board of Directors is responsible for assuring an appropriate successor to the Chief Executive Officer.


[User] How large is Berkshire Hathaway’s workforce, and what percentage of it is based in the United States?

[Assistant] Berkshire Hathaway and its subsidiaries employed approximately 396,500 people worldwide at the end of 2023, with approximately 80% of them based in the United States.


[User] What is the deductible under Berkshire's insurance group program for 2024?

[Assistant] The deductible under Berkshire's insurance group program for 2024 is expected to be approximately $2.5 billion.


[User] What are the limits on the federal reinsurance coverage under the Program for each TRIA year?

[Assistant] The federal reinsurance coverage under the Program has an aggregate limit of $100 billion for each TRIA year.


[User] How did Berkshire respond to the U.K. leaving the EU in relation to its insurance operations?

[Assistant] In response to the U.K. leaving the EU, Berkshire Hathaway European Insurance DAC in Ireland was established to allow property and casualty insurance and reinsurance businesses to continue operating in the EU, and Berkshire maintained a substantial presence in London.


[User] What types of insurance products does BH Direct offer to small business customers?

[Assistant] BH Direct offers workers’ compensation, property, auto, general, and professional liability insurance products to small business customers.


[User] Where is MLMIC Insurance Company based and what type of insurance does it provide?

[Assistant] MLMIC Insurance Company is based in Albany, New York, and it provides medical professional liability insurance policies to medical and dental professionals, health care providers, and hospitals in New York State.


[User] In which markets does NIKE operate its Converse brand, and what products are included?

[Assistant] In the markets where it operates, the Converse brand by NIKE designs, distributes, and licenses casual sneakers, apparel, and accessories under several trademarks including Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell.


[User] What is the significance of fiscal years referenced in NIKE, Inc.'s reports, and how are they structured?

[Assistant] In NIKE, Inc.'s reports, fiscal years, such as 2023, 2022, 2021, and 2020, end on May 31 of each respective year.


[User] How does Nike incorporate new technologies in its product design?

[Assistant] Nike uses market intelligence and research to enable its design teams to identify opportunities to leverage new technologies in existing product categories, responding to consumer preferences.


[User] What is the proportion of Nike Brand footwear manufactured in Vietnam, Indonesia, and China for fiscal 2023?

[Assistant] For fiscal 2023, approximately 50% of Nike Brand footwear was manufactured in Vietnam, 27% in Indonesia, and 18% in China.


[User] How many contract manufacturers did Nike have for apparel production in fiscal 2023, and what was the percentage of production from the largest factory?

[Assistant] In fiscal 2023, Nike had 55 contract manufacturers for apparel production, and the largest single finished goods apparel factory accounted for approximately 8% of total Nike Brand apparel production.


[User] What are the primary materials used in the manufacturing of Nike's footwear and apparel?

[Assistant] The principal materials used in Nike's footwear include natural and synthetic rubber, plastic compounds, foam cushioning materials, natural and synthetic leather, nylon, polyester and natural fiber textiles, and polyurethane films for cushioning components. For apparel, the materials include natural and synthetic fabrics, yarns and threads, specialized performance fabrics, and plastic and metal hardware.


[User] What percentage of Nike Brand apparel production was accounted for by the factories in Vietnam, China, and Cambodia during fiscal 2023?

[Assistant] During fiscal 2023, the factories in Vietnam accounted for approximately 29% of total Nike Brand apparel production, China for 18%, and Cambodia for 16%.


[User] What challenges related to trade protectionism has Nike faced, and what measures has the company taken in response?

[Assistant] Nike has faced challenges due to trade protectionism which led to increased costs of products. In response, Nike monitors protectionist trends, engages in administrative and judicial processes to mitigate trade restrictions, and advocates for trade liberalization in various international forums.


[User] What are Nike's strategies for maintaining competitiveness in the athletic footwear, apparel, and equipment industry?

[Assistant] Nike maintains competitiveness through emphasizing product attributes like quality and innovation, engaging with consumers via marketing, social media, and endorsements, and ensuring effective product sourcing and distribution.


[User] What role does intellectual property play in Nike's competitive position?

[Assistant] Intellectual property rights are crucial to Nike's brand, success, and competitive position as they actively pursue protections and defend against third-party theft and infringement.


[User] What is the purpose of Peloton's research and development expenses?

[Assistant] Peloton's research and development expenses primarily focus on personnel and facilities-related expenses, consulting and contractor expenses, tooling and prototype materials, software platform expenses, and depreciation of property and equipment. They facilitate the development of internal-use software and other innovative features.


[User] How is goodwill impairment assessed at Peloton?

[Assistant] Goodwill impairment at Peloton is assessed annually on April 1, and more frequently if events or changes indicate potential impairment. The assessment begins with qualitative factors to determine if it's likely that the fair value of a reporting unit is less than its carrying amount, followed by a quantitative assessment if necessary.


[User] What happens when the carrying amount of an asset group exceeds its estimated undiscounted net future cash flows at Peloton?

[Assistant] At Peloton, if the carrying amount of an asset group exceeds its estimated undiscounter net future cash flows, an impairment charge is recognized for the amount by which the carrying amount exceeds its fair value.


[User] How much did subscription revenue change for the fiscal year ended June 30, 2023 compared to the previous fiscal year?

[Assistant] Subscription revenue increased by $275.4 million for the fiscal year ended June 30, 2023 compared to the fiscal year ended June 30, 2022.


[User] What actions did the Compensation Committee take on July 1, 2022 regarding stock options and restricted stock units?

[Assistant] On July 1, 2022, the Compensation Committee approved accelerating the vesting requirement for certain unvested restricted stock units by one year and also approved a one-time repricing of certain stock option awards under the 2019 Equity Incentive Plan.


[User] What was the effect of vesting acceleration and stock option repricing on stock-based compensation expense?

[Assistant] The acceleration of vesting for certain restricted stock units resulted in an additional $35.6 million of stock-based compensation expense, and the repricing of stock options led to an incremental expense of $21.9 million.


[User] What was the total depreciation and amortization expense for the fiscal year ended June 30, 2023?

[Assistant] The total depreciation and amortization expense for the fiscal year ended June 30, 2023 was $124.3 million.


[User] What was the percentage decrease in research and development expenses for the fiscal year ended June 30, 2023 compared to the prior year?

[Assistant] The research and development expenses decreased by 11.4% in the fiscal year ended June 30, 2023 compared to the previous year.


[User] What factors contributed to the decrease in research and development expenses in the fiscal year ended June 30, 2023?

[Assistant] The decrease in research and development expenses was primarily due to reductions in personnel-related expenses, product development and research costs, costs associated with software and web platform costs, and depreciation and amortization expenses.


[User] What led to the significant decrease in supplier settlements in the fiscal year ended June 30, 2023?

[Assistant] The significant decrease in supplier settlements was due to settlement and related costs paid to third-party suppliers to terminate certain future inventory purchase commitments, a majority of which were accrued in the previous fiscal year.


[User] What does the technology and development expenses include?

[Assistant] Technology and development expenses primarily include payroll, stock-based compensation, facilities, and other expenses related to technology personnel, as well as costs for hardware and software.


[User] What drove the increase in general and administrative expenses for the year ended December 31, 2025?

[Assistant] The increase was primarily due to a $82 million rise in third-party expenses and a $78 million increase in personnel-related costs.


[User] What were the main components of the change in interest and other income (expense) for the year ended December 31, 2025?

[Assistant] The change was primarily due to a significant decrease in foreign exchange gains, partially offset by an increase in interest income.


[User] How is a membership's territory determined according to the description?

[Assistant] A membership's territory is determined based on the geographic location used at the time of sign-up, as determined by the company's internal systems using geo-location technology.


[User] What primarily constituted marketing expenses for the year ended December 31, 2025?

[Assistant] Marketing expenses primarily consisted of advertising expenses and payments made to marketing and advertising sales partners.


[User] How did constant currency affect the average monthly revenue per paying membership in 2025 compared to 2022?

[Assistant] If constant currency conditions were applied, revenues would have been $597 million higher in 2025 compared to 2022.


[User] What are the primary components of free cash flow considered in the assessment of liquidity in a financial evaluation?

[Assistant] The primary components of free cash flow considered in the assessment of liquidity include the timing impact between content payments and amortization, non-cash stock-based compensation expense, non-cash remeasurement gain or loss on euro-denominated debt, excess property and equipment purchases over depreciation, and other working capital differences.


[User] How does working capital affect liquidity in financial statements?

[Assistant] Working capital affects liquidity in financial statements through components like deferred revenue, taxes, and semi-annual interest payments on outstanding debt, with receivables from members generally settling quickly.


[User] What were the primary factors driving the $5,248 million increase in net cash provided by operating activities from 2022 to 2023?

[Assistant] The $5,248 million increase in net cash provided by operating activities from 2023 was primarily due to a decrease in payments for content assets and a $916 million or 20% increase in net income accompanied by favorable changes in working capital.


[User] What does it mean that something is 'incorporated by reference' in a Form 10-K?

[Assistant] It means that the item, though separately listed, is included within the document to form part of the main content, referencing back to another part of the same document for detailed information.


[User] What is the maturity date of the ¥5 billion Japanese yen-denominated credit facility?

[Assistant] The ¥5 billion Japanese yen-denominated credit facility is set to mature on January 4, 2024.


[User] How much was borrowed under the Japanese yen-denominated credit facilities as of October 1, 2023?

[Assistant] As of October 1, 2023, ¥5 billion, or $33.5 million, of borrowings were outstanding under the Japanese yen-denominated credit facilities.


[User] What are the future dividends declared per share for the fourth quarter of fiscal 2023?

[Assistant] For the fourth quarter of fiscal 2023, a cash dividend of $0.57 per share was declared.


[User] What was the total amount of dividends paid in fiscal year 2023?

[Assistant] In fiscal year 2023, dividends paid totaled $2.4 billion.


[User] What is the main purpose of the market price risk management policy described?

[Assistant] The primary purpose of the market price risk management policy is to quantify, evaluate, and mitigate market-based risks through strategies like hedging transactions.


[User] What types of financial instruments does the entity use to hedge against interest rate changes?

[Assistant] The entity uses interest rate swap agreements and treasury locks to hedge against changes in benchmark interest rates related to anticipated debt issuances.


[User] What financial instruments are employed to manage foreign currency risks?

[Assistant] Cross-currency swaps and foreign exchange debt instruments are used to hedge against changes in the fair value of the entity's net investments in foreign operations.


[User] What measures are taken to manage commodity price risk?

[Assistant] The entity uses a combination of fixed-price contracts, price-to-be-fixed contracts, and financial derivatives to manage the risk of price fluctuations in commodities.


[User] How does the entity manage the volatility in cash flows due to foreign currency fluctuations?

[Assistant] The entity utilizes derivative instruments to hedge portions of cash flows from anticipated intercompany payments, purchases, and certain other transactions across different currencies.


[User] What impact does a 10% increase in underlying commodity prices have on the entity's net earnings?

[Assistant] A 10% increase in underlying commodity prices could increase the entity's net earnings by $1.2 million.


[User] How does Microsoft intend to use AI to support small and large businesses according to the text?

[Assistant] Microsoft is creating platforms and tools powered by artificial intelligence (AI) that deliver better, faster, and more effective solutions to support small and large business competitiveness.


[User] What are the core principles guiding Microsoft's AI endeavors as mentioned in the text?

[Assistant] Microsoft's AI endeavors are guided by principles of fairness, reliability and safety, privacy and security, inclusiveness, transparency, and accountability.


[User] What comprehensive platform does Microsoft offer for workplace collaboration, according to the document?

[Assistant] Microsoft offers Microsoft Teams, a comprehensive platform for work that includes meetings, calls, chat, collaboration, and business process automation.


[User] What is the purpose of GitHub Copilot according to the text?

[Assistant] GitHub Copilot is designed to assist developers in writing code more easily and quickly, allowing them to focus on more creative problem-solving.


[User] What can users do with Windows 365?

[Assistant] Users can run Windows 365 from another internet-connected device, functioning like a virtual machine.


[User] What is Azure Orbital?

[Assistant] Azure Orbital is a fully managed ground station as a service for fast downlinking of data.


[User] What new features does Windows 11 offer?

[Assistant] Windows 11 offers innovations such as Windows Copilot with centralized AI assistance and Dev Home, aimed at enhancing productivity.


[User] What was the main reason behind Microsoft's acquisition of Activision Blizzard, Inc.?

[Assistant] Microsoft planned to acquire Activision Blizzard, Inc. as they are a leading game development and interactive entertainment content publisher.


[User] How has Microsoft addressed racial injustice and inequity for Black and African American communities?

[Assistant] Microsoft has addressed racial injustice and inequity through their Racial Equity Initiative, focusing on improving lives using data, technology, partnerships, strengthening community, increasing representation, and engaging their ecosystem by investing significantly and working with diverse suppliers and partners.


[User] What are the main features included in the Skills for Jobs initiative launched by Microsoft?

[Assistant] The Skills for Jobs initiative includes learning resources, certification opportunities, and job-seeker tools from LinkedIn, GitHub, and Microsoft Learn, based on data insights from LinkedIn's Economic Graph.


[User] What factors primarily drove the increase in Free Cash Flow for the year ended December 31, 2023?

[Assistant] The increase in Free Cash Flow for 2023 was primarily driven by increased income from operations and interest income, which was due to higher interest rates on increased cash balances.


[User] Why does the company present revenue growth rates on a constant currency basis?

[Assistant] The company presents revenue growth rates on a constant currency basis to assess how underlying revenue performed without the impact of changes in exchange rates, aiding in period-to-period comparisons and decision making.


[User] What was the increase in Gross Booking Value (GBV) from 2022 to 2023?

[Assistant] The Gross Booking Value increased from $63,212 million in 2022 to $73,252 million in 2023.


[User] How did the geographic mix and changes in traveler behaviors affect the average nights per booking in 2023?

[Assistant] In 2023, the average nights per booking decreased by 4% primarily due to changes in the geographic mix and traveler behaviors.


[User] What are some factors that affect the percentage of service fees charged to customers?

[Assistant] The percentage of service fees charged to customers can vary based on factors like the value, duration, and geography of the booking, as well as the type of Host.


[User] What was the percentage increase in Operations and Support expenses in 2023 compared to the previous year?

[Assistant] Operations and Support expenses increased by 14% in 2023 compared to 2022.


[User] How much did the Product Development expenses increase by in 2023?

[Assistant] Product Development expenses increased by $220 million in 2023.


[User] What was the major reason for the increase in Sales and Marketing expenses in 2023?

[Assistant] The major reason for the increase in Sales and Marketing expenses in 2023 was a $177 million increase in marketing activities.


[User] What was the primary reason for the significant increase in Interest Expense in 2023?

[Assistant] The primary reason for the significant increase in Interest Expense in 2023 was non-recurring interest paid relating to withholding tax payments on behalf of Hosts.


[User] What was the impact of restructuring charges in 2022 on the company and what changes occurred in 2023?

[Assistant] In 2022, the company recorded restructuring charges of $89 million due to a shift to a remote work model; however, there were no restructuring charges in 2023.


[User] What is the company's 2040 sustainability ambition?

[Assistant] The company has announced a 2040 net zero ambition.


[User] What types of matters do the legal proceedings that the company may be involved in cover?

[Assistant] The legal proceedings that the company may be involved in cover antitrust and trade regulation, product liability, advertising, contracts, environmental issues, patent and trademark matters, labor and employment matters, and tax.


[User] Under what circumstances does SEC regulations require the company to disclose certain environmental proceedings?

[Assistant] SEC regulations require the company to disclose certain environmental proceedings when a governmental authority is a party and the proceeding involves potential monetary sanctions that the company believes will exceed $1 million or more.


[User] Are there any legal matters under Item 3 that need to be disclosed for this period?

[Assistant] No, there are no relevant legal matters to disclose under Item 3 for this period.


[User] What additional information should be read in conjunction with this item for a better understanding of the company's risks?

[Assistant] The Company's Risk Factors in Part I, Item 1A should be read in conjunction with this item for additional information on the company's risks.


[User] What overall context does Item 3. Legal Proceedings offer regarding the company?

[Assistant] Item 3 provides context that the company is occasionally subject to various legal proceedings and claims related to its business operations, covering a wide range of matters, and there are specific disclosure requirements for environmental proceedings mandated by the SEC.


[User] How does the document clarify the company's approach to disclosing environmental legal proceedings?

[Assistant] The document clarifies that the company is required to disclose environmental legal proceedings when they involve a governmental authority and potential monetary sanctions are expected to exceed $1 million.


[User] What section was intentionally omitted in the document?

[Assistant] Item 6 was intentionally omitted.


[User] What legislative act defines the term 'forward-looking statements' as used in the provided report?

[Assistant] The term 'forward-looking statements' as used in the report is defined by the Private Securities Litigation Reform Act of 1995.


[User] Which sections of the report might contain forward-looking statements according to the text?

[Assistant] Forward-looking statements may appear in sections such as “Management's Discussion and Analysis,” “Risk Factors” and "Notes 4, 8 and 13 to the Consolidated Financial Statements" as mentioned in the text.


[User] How does Nike utilize trademarks in its business operations?

[Assistant] Nike uses trademarks on nearly all of its products and packaging, as well as in marketing materials, to create a distinctive identity that is easily recognizable by consumers, thereby helping to distinguish its products from those of competitors.


[User] Why are the NIKE and Swoosh Design trademarks valuable to the company?

[Assistant] The NIKE and Swoosh Design trademarks are considered among Nike's most valuable assets due to their role in brand recognition and their registration in over 190 jurisdictions worldwide, enhancing the company's global presence and protection.


[User] What types of intellectual property rights does Nike maintain?

[Assistant] Nike holds a variety of intellectual property rights including trademarks, copyrights, utility and design patents, and trade secrets that protect aspects such as product designs, technologies, manufacturing processes, and marketing.


[User] How does Nike protect its intellectual property rights against infringement?

[Assistant] Nike follows a policy of actively applying for and registering intellectual information in selected jurisdictions, and continues to vigorously defend these rights against third-party infringement and misappropriation.


[User] What is the goal of Nike's Engagement Survey program?

[Assistant] The goal of Nike's Engagement Survey program is to gather confidential feedback from employees globally on key factors like managerial satisfaction and workplace environment, helping to assess and enhance employee engagement and company culture.


[User] How does Nike describe the importance of its workforce in relation to its success?

[Assistant] Nike considers the strength and effective management of its workforce essential to its ongoing success, emphasizing the importance of attracting, developing, and retaining a diverse and engaged workforce.


[User] What are the primary responsibilities of Heidi O'Neill at NIKE, Inc.?

[Assistant] Heidi O'Neill is responsible for leading the integration of global Men's, Women's & Kids' consumer teams, the entire global product engine, global brand marketing, and sports marketing to build deep storytelling, relationships, and engagement with the brand.


[User] What services does NIKE, Inc. provide for all U.S. employees regarding financial management?

[Assistant] NIKE, Inc. provides all U.S. employees with unlimited free financial coaching through a third-party provider.


[User] What position did Mark G. Parker hold at NIKE Inc.?

[Assistant] Mark G. Parker served as the Executive Chairman of the Board of Directors and was President and Chief Executive Officer from 2006 to January 2020.


[User] Where can shareholders of NIKE, Inc. find copies of the company's financial filings?

[Assistant] Shareholders can find copies of NIKE, Inc.'s financial filings on the SEC's website, www.sec.gov, or by submitting a request in writing to NIKE Investor Relations in Beaverton, Oregon.


[User] How does lululemon gather feedback for their product design?

[Assistant] Lululemon gathers feedback directly from their customers, whom they refer to as guests, to incorporate into their product design process.


[User] What was the percentage of net revenue from lululemon's women's and men's ranges in 2023?

[Assistant] In 2023, lululemon's women's range accounted for 64% of net revenue, and their men's range represented 23% of net revenue.


[User] What percentage of total net revenue did the Americas region contribute in 2023?

[Assistant] In 2023, the net revenue generated in the Americas region represented 79% of lululemon's total net revenue.


[User] What growth strategy does lululemon plan to employ for their operations in China Mainland?

[Assistant] Lululemon plans to continue expanding its operations and building brand awareness in China Mainland, anticipating that this will drive an increase in international net revenue.


[User] By what percentage did lululemon's net revenue grow in China Mainland between 2022 and 2023?

[Assistant] Lululemon's net revenue in China Mainland grew by 67.2% between 2022 and 2023.


[User] What new capabilities is lululemon integrating in their retail locations to enhance omni-channel experience?

[Assistant] Lululemon is integrating capabilities such as buying online and picking up in-store, shipping products from store, and shared inventory pools across distribution centers and retail locations.


[User] What is the total number of company-operated stores as of January 28, 2024?

[Assistant] As of January 28, 2024, there are a total of 711 company-operated stores.


[User] How many company-operated stores are there in China Mainland as of January 28, 2024?

[Assistant] As of January 28, 2024, there are 127 company-operated stores in China Mainland.


[User] What percentage of lululemon's products were manufactured by their five largest manufacturers in 2023?

[Assistant] In 2023, 55% of lululemon's products were manufactured by their five largest manufacturers.


[User] Which country produced the highest percentage of lululemon's fabrics in 2023?

[Assistant] In 2023, the highest percentage of lululemon's fabrics, 40%, originated from Taiwan.


[User] What was the total provision for income taxes recorded by the Company for the year ended December 31, 2023?

[Assistant] The total provision for income taxes recorded by the Company for the year ended December 31, 2023, was $19.7 million.


[User] What factors contributed to the change in the Company's provision for income taxes between 2021 and 2023?

[Assistant] The change in the Company's provision for income taxes between 2021 and 2023 was primarily due to increases in foreign income taxes resulting from higher foreign taxable income and higher foreign withholding taxes.


[User] How are the net deferred tax assets and liabilities treated for financial reporting purposes by the Company as of December 31, 2023?

[Assistant] The net deferred tax assets and liabilities are recognized for the future tax consequences of differences between the carrying amounts of assets and liabilities and their respective tax basis using enacted tax rates in effect for the year in which the differences are expected to reverse.


[User] What was the gross unrecognized tax benefit at the beginning of the year 2021?

[Assistant] $75,557


[User] How much did the unrecognized tax benefits increase in the year 2023 due to current year tax positions?

[Assistant] $14,346


[User] What is the basis for the auditor's opinion on Palantir Technologies Inc.'s financial statements for the year ended December 31, 2023?

[Assistant] The auditor based their opinion on the audits conducted in accordance with the standards of the Public Company Accounting Oversight Board (PCAOB). These audits included assessing the risks of material misstatement due to error or fraud, examining evidence supporting the financial statements, and evaluating the accounting principles and estimates used by management. The auditor concluded that the financial statements present fairly, in all material respects, the financial position of Palantir Technologies Inc. and its operations in conformity with U.S. generally accepted accounting principles.


[User] What factors does Palantir Technologies Inc. consider when evaluating the allowance for credit losses on its accounts receivable?

[Assistant] Palantir Technologies Inc. considers factors such as the customer type, historical experience, the financial position of the customer, the age of the accounts receivable, current economic conditions, and reasonable and supportable forward-looking factors about its portfolio and future economic conditions when evaluating the allowance for credit losses on its accounts receivable.


[User] How is goodwill recorded in the balance sheets and tested for impairment according to the principles described?

[Assistant] Goodwill is recorded in other assets on the consolidated balance sheets and is not amortized. Instead, it is subject to an annual impairment test. This impairment test is performed on the first day of the fourth quarter each year, or more frequently if circumstances indicate that the fair value of the reporting unit may have fallen below its carrying amount.


[User] What are the primary competitive factors in Amazon’s retail businesses?

[Assistant] The primary competitive factors in Amazon's retail businesses are selection, price, and convenience, including fast and reliable fulfillment.


[User] How does Amazon perceive the worldwide marketplace in which it competes?

[Assistant] Amazon perceives the worldwide marketplace as rapidly evolving and intensely competitive.


[User] What reasons do some competitors have for potentially providing products at little or no profit?

[Assistant] Certain competitors have the resources, experience, or cost structures to provide products at little or no profit, or even at a loss.


[User] What actions does Apple regularly undertake to protect innovations arising from its research, development, design, and marketing?

[Assistant] Apple regularly files patent, design, copyright, and trademark applications to protect innovations arising from its research, development, design, and marketing.


[User] How does Apple expand the range of its offerings?

[Assistant] Apple expands the range of its offerings through research and development, licensing of intellectual property, and acquisition of third-party businesses and technology.


[User] What has historically caused Apple to experience higher net sales in its first quarter compared to other quarters?

[Assistant] Seasonal holiday demand has historically caused Apple to experience higher net sales in its first quarter compared to other quarters.


[User] How does the timing of new product introductions impact Apple's net sales and operating expenses?

[Assistant] The timing of new product introductions can significantly impact Apple's net sales, cost of sales, and operating expenses.


[User] What is Apple's approach to licenses for intellectual property owned by third parties used in its products and services?

[Assistant] Apple may need to seek or renew licenses relating to various aspects of its products, processes, and services, though there is no guarantee these licenses can be obtained on reasonable terms in the future.


[User] What is the headcount of Apple's full-time equivalent employees as of September 30, 2023?

[Assistant] As of September 30, 2023, Apple had approximately 161,000 full-time equivalent employees.


[User] What is Apple's commitment to workplace practices and policies concerning harassment or discrimination?

[Assistant] Apple is committed to providing a workplace free of harassment or discrimination and is an equal opportunity employer.


[User] What does Apple believe contributes significantly to employee thriving in professional and personal lives?

[Assistant] Apple believes that providing competitive and equitable compensation, as well as a wide variety of benefits and support, contributes significantly to employees thriving in their professional and personal lives.


[User] What is Apple's vision regarding inclusion and diversity within its workforce?

[Assistant] Apple's vision is to build and sustain a more inclusive workforce that is representative of the communities it serves and to increase diverse representation at every level.


[User] What percentage of total net sales did Costco's e-commerce operations represent in 2023?

[Assistant] Costco's e-commerce operations represented approximately 6% of total net sales in 2023.


[User] What percentage of worldwide net sales were represented by executive members in 2023?

[Assistant] Executive members represented approximately 72.8% of worldwide net sales in 2023.


[User] What is the fundamental obligation mentioned in the company's Code of Ethics regarding employees?

[Assistant] The company's Code of Ethics requires that they "Take Care of Our Employees," which is fundamental to the obligation to "Take Care of Our Members."


[User] After the cost of merchandise, what is the largest expense for the company?

[Assistant] Compensation and benefits for employees is the largest expense after the cost of merchandise for the company.


[User] How many employees did the company have at the end of 2023, and what percentages worked in membership warehouses, distribution channels, and were represented by unions?

[Assistant] At the end of 2023, the company employed 316,000 employees worldwide. Approximately 95% are employed in membership warehouses and distribution channels, while approximately 5% are represented by unions.


[User] How many hourly employees completed the supervisor in training programs in 2023?

[Assistant] In 2023, over 7,800 hourly employees completed the 6-week supervisor in training programs.


[User] What was the starting wage for all entry-level positions in the U.S. as of September 2023?

[Assistant] In September of 2023, the starting wage for all entry-level positions in the U.S. was increased to at least $18.50.


[User] What are the primary competitive factors for the company in its industry?

[Assistant] The primary competitive factors for the company in its industry include price, merchandise quality and selection, location, convenience, distribution strategy, and customer service.


[User] What does the company believe adds significant value to its business regarding intellectual property?

[Assistant] The company believes that trademarks, trade names, copyrights, proprietary processes, trade secrets, trade dress, domain names, and similar intellectual property add significant value to its business.


[User] Where can an individual obtain copies of the code of ethics for senior financial officers?

[Assistant] Copies of the code of ethics for senior financial officers can be obtained free of charge by writing to Secretary, Costco Wholesale Corporation, 999 Lake Drive, Issaquah, WA 98027.


[User] What is the H100 GPU designed to accelerate?

[Assistant] The H100 GPU is designed to accelerate applications such as large language models, deep recommender systems, genomics, and complex digital twins.


[User] What services does NVIDIA offer to enterprise customers?

[Assistant] NVIDIA offers enterprise customers NVIDIA AI cloud services directly and through a network of partners, which include NVIDIA DGX Cloud for training AI models and customizable pretrained AI models.


[User] What does the Bluefield DPU support?

[Assistant] The Bluefield DPU is supported by foundational data-center-infrastructure-on-a-chip software, or DOCA, which enables developers to build software-defined, hardware-accelerated networking, security, storage, and management applications.


[User] What does the NVIDIA GPU Cloud registry offer?

[Assistant] The NVIDIA GPU Cloud registry offers a comprehensive catalog of easy-to-use, optimized software stacks across various domains including scientific computing, deep learning, and machine learning, enabling AI developers, researchers, and data scientists to get started with the development of AI and HPC applications and deploy them on various systems.


[User] What are the technological features of the GeForce RTX 40 Series GPUs?

[Assistant] The GeForce RTX 40 Series GPUs feature third generation RTX technology, third generation NVIDIA DLSS, and fourth generation Tensor Cores, providing up to 4X the performance of the previous generation.


[User] What capabilities are introduced by NVIDIA's GPU computing platform for the Professional Visualization market?

[Assistant] NVIDIA's GPU computing platform enhances productivity and introduces new capabilities for critical workflows in fields such as design and manufacturing, and digital content creation.


[User] What kind of applications now support RTX technology?

[Assistant] Many leading 3D design and content creation applications now support RTX technology.


[User] What are some current enterprise applications of VR and AR technologies?

[Assistant] Current enterprise applications of VR and AR technologies include virtual car showrooms, surgical training, architectural walkthroughs, and bringing historical scenes to life.


[User] What features does the DRIVE Software platform include?

[Assistant] The DRIVE Software platform includes DRIVE Chauffeur for autonomous driving, mapping and parking services, Drive Concierge for intelligent in-vehicle experiences, and real time conversational AI capability based on NVIDIA Omniverse Avatar software.


[User] How does the company support multi-billion-dollar end markets with their technology?

[Assistant] The company supports multi-billion-dollar end markets by using a variety of software stacks developed either internally or by third-party developers and partners, utilizing a shared underlying technology across all these markets.


[User] What is the trading symbol for Costco's common stock on the NASDAQ Global Select Market?

[Assistant] The trading symbol for Costco's common stock on the NASDAQ Global Select Market is 'COST'.


[User] How is Costco's fiscal year structured?

[Assistant] Costco's fiscal year consists of a 52/53-week period, ending on the Sunday nearest the end of August, and includes thirteen four-week periods.


[User] What is Costco's policy on inventories?

[Assistant] Costco often sells inventory before it is required to pay for it, and takes advantage of early payment discounts.


[User] How does Costco handle freight and shipments from suppliers?

[Assistant] Costco receives large shipments from suppliers at depots and quickly ships them to warehouses, creating freight volume and handling efficiencies.


[User] What is the average size of a Costco warehouse?

[Assistant] The average size of a Costco warehouse is approximately 147,000 square feet.


[User] How does Costco manage labor costs in its warehouse operations?

[Assistant] Costco manages labor costs by operating on a shorter hourly week compared to many retailers and reducing labor through the display of merchandise.


[User] What types of payments does Costco accept at its warehouses?

[Assistant] Costco accepts credit cards, debit cards, cash, checks, Executive member 2% reward certificates, co-brand cardholder rebates, and its proprietary stored-value card at its warehouses.


[User] What was the renewal rate for Costco memberships in the U.S. and Canada at the end of 2023?

[Assistant] The renewal rate for Costco memberships in the U.S. and Canada at the end of 2023 was 92.7%.


[User] How many total paid cardholders did Costco have in 2023?

[Assistant] In 2023, Costco had 127,900 total cardholders.


[User] How many gas stations did Costco operate at the end of 2023?

[Assistant] Costco operated 692 gas stations at the end of 2023.


[User] How is Humira administered, and what are some of the autoimmune diseases it treats?

[Assistant] Humira is administered as a subcutaneous injection and treats autoimmune diseases such as rheumatoid arthritis, psoriatic arthritis, Crohn's disease, and ulcerative colitis among others.


[User] What unique features does Rinvoq offer for treating inflammatory diseases, and in which regions is it approved?

[Assistant] Rinvoq is an oral, once-daily selective and reversible JAK inhibitor, approved for treating inflammatory diseases such as rheumatoid arthritis and psoriatic arthritis in regions including North America, the European Union, and Japan.


[User] What is Epkinly used for and how is it administered?

[Assistant] Epkinly is used to treat adults with certain types of diffuse large B-cell lymphoma and high-grade B-cell lymphoma that has recurred or does not respond to previous treatments after receiving two or more treatments. It is administered as a subcutaneous injection.


[User] What condition is Ozurdex indicated to treat?

[Assistant] Ozurdex is indicated for the treatment of visual impairment due to diabetic macular oedema, macular oedema following either branch retinal vein occlusion or central retinal vein occlusion, and non-infectious uveitis.


[User] What is the FDA approval history and purpose of Elahere?

[Assistant] Elahere received FDA accelerated approval on November 14, 2022, for the treatment of adult patients with FRα positive, platinum-resistant epithelial ovarian, fallopian tube, or primary peritoneal cancer, who have received one to three prior systemic treatment regimens.


[User] What regulatory approvals does Botox Cosmetic have and what are its uses?

[Assistant] Botox Cosmetic has received FDA approval and is now approved for use in all major markets around the world. It is used for the temporary improvement in the appearance of moderate to severe glabellar lines, crow's feet, and forehead lines in adults.


[User] What are the indications for Qulipta and where is it commercialized?

[Assistant] Qulipta is indicated for the preventive treatment of episodic and chronic migraine in adults. It is commercialized in the United States, Canada, and approved in the European Union under the brand name Aquipta.


[User] What products are included in AbbVie’s aesthetics portfolio and where do they hold market-leading positions?

[Assistant] AbbVie’s aesthetics portfolio includes facial injectables, plastics and regenerative medicine, body contouring, and skincare products. They hold market-leading positions in the U.S. and in key markets around the world.


[User] What is the primary therapeutic use of Linzess (linaclotide)?

[Assistant] Linzess (linaclotide) is used to treat irritable bowel syndrome with constipation (IBS-C) and chronic idiopathic constipation in adults.


[User] In which country is Linzess marketed as Constella for the treatment of IBS-C?

[Assistant] Linzess is marketed as Constella outside of the United States.


[User] What was the status of the company's U.S. federal and state deferred tax assets as of December 31, 2023?

[Assistant] As of December 31, 2023, the company concluded that its U.S. federal and state deferred tax assets are more likely than not to be realizable, with the exception of California research and development credits, capital loss carryovers, and certain losses subject to dual consolidated loss rules.