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1085392_18_item7_p48_s0
1085392_17_item7_p35_s0
PSE will initially offer this service to larger customers (aggregated annual loads greater than 10,000,000 kWh) and government customers.
PSE initially offered this service, Green Direct, to larger customers (aggregated annual loads greater than 10,000,000 kWh) and government customers.
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The settlement agreement took effect January 1, 2017 and will apply the following scale:
The settlement agreement took effect January 1, 2017 and will apply the following graduated scale:
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Removal of fixed production costs from the PCA mechanism and placing them in the decoupling mechanism, assuming the decoupling mechanism continues after its review in the 2017 GRC.
Removal of fixed production costs from the PCA mechanism and placing them in the decoupling mechanism.
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For additional information, see Business, "Regulation and Rates" included in Item 1 of this report and Note 3, "Regulation and Rates" to the consolidated financial statements included in Item 8 of this report.
For additional information, see Note 13, "Income Taxes" to the consolidated financial statements included in Item 8 of this report.
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For additional information, see Business, "Regulation and Rates" included in Item 1 of this report and Note 3, "Regulation and Rates" to the consolidated financial statements included in Item 8 of this report.
For additional information, see Note 13, "Income Taxes" to the consolidated financial statements included in Item 8 of this report.
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1085392_17_item7_p54_s0
For additional information, see Business, "Regulation and Rates" included in Item 1 of this report and Note 3, "Regulation and Rates" to the consolidated financial statements included in Item 8 of this report.
For additional information, see Note 8 , "Leases" to the consolidated financial statements included in Item 8 of this report.
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1085392_18_item7_p26_s1
1085392_17_item7_p54_s0
For additional information, see Business, "Regulation and Rates" included in Item 1 of this report and Note 3, "Regulation and Rates" to the consolidated financial statements included in Item 8 of this report.
For further details regarding the 2017 GRC filing, see Note 3, "Regulation and Rates" to the consolidated financial statements included in Item 8 of this report.
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1085392_18_item7_p49_s0
1085392_17_item7_p54_s0
For additional information, see Business, "Regulation and Rates" included in Item 1 of this report and Note 3, "Regulation and Rates" to the consolidated financial statements included in Item 8 of this report.
For additional information, see Business, "Regulation and Rates" included in Item 1 of this report.
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1085392_18_item7_p4_s1
1085392_17_item7_p5_s0
I, Macquarie Infrastructure Partners II, Macquarie Capital Group Limited, FSS Infrastructure Trust, the Canada Pension Plan Investment Board, the British Columbia Investment Management Corporation, and the Alberta Investment Management Corporation.
Puget Holdings is owned by a consortium of long-term infrastructure investors including Macquarie Infrastructure Partners, Macquarie Capital Group Limited, the Canada Pension Plan Investment Board, the British Columbia Investment Management Corporation, and the Alberta Investment Management Corporation.
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1087423_12_item7_p20_s1
1087423_11_item7_p10_s1
For further discussion, see NOTE 3 to the Consolidated Financial Statements.
For further discussion, see NOTE 3 Business Combinations to the Consolidated Financial Statements.
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1087423_12_item7_p20_s1
1087423_11_item7_p11_s2
For further discussion, see NOTE 3 to the Consolidated Financial Statements.
For further discussion, see NOTE 3 Business Combinations to the Consolidated Financial Statements.
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1087423_12_item7_p25_s0
1087423_11_item7_p26_s11
In applying ASC 718, we are required to make estimates and assumptions with regards to the number of share-based awards that we expect will ultimately vest and the amount of tax benefits we expect will ultimately be realized, among other things.
Share-based compensation We are required to make estimates and assumptions with regards to the number of share-based awards that we expect will ultimately vest and the amount of tax benefits we expect will ultimately be realized, among other things.
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1087423_12_item7_p20_s1
1087423_11_item7_p26_s13
For further discussion, see NOTE 2 and NOTE 13 to the Consolidated Financial Statements.
For further discussion, see NOTE 3 Business Combinations to the Consolidated Financial Statements.
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1087423_11_item7_p26_s9
For further discussion, see NOTE 2 to the Consolidated Financial Statements.
For further discussion, see NOTE 3 Business Combinations to the Consolidated Financial Statements.
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1087423_12_item7_p31_s0
1087423_11_item7_p27_s0
Deferred taxes and uncertain tax positions We account for income taxes using the liability method in which deferred tax assets or liabilities are recognized for the temporary differences between financial reporting and tax bases of our assets and liabilities and for tax carryforwards at enacted statutory tax rates in e...
Income taxes As described in NOTE 2 Summary of Significant Accounting Policies to the Consolidated Financial Statements, we account for income taxes using the liability method in which deferred tax assets or liabilities are recognized for the temporary differences between financial reporting and tax bases of our assets...
2
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1087423_12_item7_p44_s8
1087423_11_item7_p35_s0
totaled $3.7 million for the year ended February 28, 2011 which was $9.0 million lower than the $12.7 million of gains realized from the sale of equity securities during the year ended February 28, 2010.
Gains realized from the sale of our investments in available-for-sale equity securities totaled $1.9 million for the year ended February 29, 2012, which was $1.8 million lower than the $3.7 million of gains realized from the sale of equity securities during the year ended February 28, 2011.
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1087423_12_item7_p48_s3
1087423_11_item7_p39_s3
Training revenue decreased 8.3% or $3.7 million as some enterprises reduced overall spending on discretionary items such as training and related travel in response to the challenging overall economic environment.
Training revenue increased 8.8% or $3.7 million as some enterprises began to increase overall spending on discretionary items such as training and related travel in response to a better overall economic environment.
2
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1087423_12_item7_p48_s7
1087423_11_item7_p39_s7
The increase was primarily the result of continued additions to our technical support staff to meet the demands of our growing subscriber base for support and maintenance.
The increase is partially the result of continued additions to our technical support staff to meet the demands of our growing subscriber base for support and maintenance, and includes additional compensation of $4.3 million.
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1087423_12_item7_p45_s0
1087423_11_item7_p44_s0
The provision for income tax for the year ended February 28, 2009 consisted of $41.2 million of U.S. income tax expense and $1.6 million of foreign income tax expense.
The provision for income tax for the year ended February 29, 2012 consists of $49.2 million of U.S. income tax expense and $12.2 million of foreign income tax expense.
2
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1087423_12_item7_p52_s0
1087423_11_item7_p44_s0
The provision for income tax for the year ended February 28, 2009 consisted of $41.2 million of U.S. income tax expense and $1.6 million of foreign income tax expense.
The provision for income tax for the year ended February 28, 2011 consists of $35.7 million of U.S. income tax expense and $10.7 million of foreign income tax expense.
2
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[ "2011", "consists", "35.7", "10.7" ]
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1087423_12_item7_p61_s1
1087423_11_item7_p46_s0
is primarily the result of cash provided by operations which generated $290.7 million.
The increase in cash and cash equivalents for the year ended February 28, 2011 is primarily the result of cash provided by operations which generated $290.7 million.
2
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1087423_12_item7_p56_s7
1087423_11_item7_p46_s7
Cash generated from deferred income taxes of $33.8 million was primarily due to share-based compensation deductions which were in excess of amounts originally recognized in our consolidated statements of operations.
Cash adjustments related to deferred income taxes of $45.7 million was primarily due to share-based compensation deductions which were in excess of amounts originally recognized in our consolidated statements of operations.
2
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1087423_12_item7_p62_s1
1087423_11_item7_p53_s1
Cash provided by changes in operating assets and liabilities for the year ended February 28, 2009 was primarily the result of an increase in our deferred revenue which generated operating cash flow of $97.9 million.
Cash provided by changes in operating assets and liabilities for the year ended February 28, 2011 was primarily the result of an increase in deferred revenue, which generated operating cash flow of $112.7 million.
2
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1087423_12_item7_p5_s0
1087423_11_item7_p5_s1
Subscription revenue increased 21.1% or $134.8 million, driven primarily by additional subscriptions related to our principal RHEL technologies, which continue to gain broader market acceptance in mission-critical areas of computing, and our expansion of sales channels and geographic footprint.
Linux technologies, which continue to gain broader market acceptance in mission-critical areas of computing, and our expansion of sales channels and our geographic footprint.
2
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1087423_13_item7_p21_s3
1087423_12_item7_p19_s6
See NOTE 3 Business Combinations to our Consolidated Financial Statements for further discussion related to our acquisition of Gluster.
For further discussion related to our acquisitions, See NOTE 3 Business Combinations to our Consolidated Financial Statements.
2
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1087423_13_item7_p25_s0
1087423_12_item7_p23_s0
Loss contingencies Revenue recognition Application of accounting principles related to the measurement and recognition of revenue requires judgment.
Revenue recognition Application of accounting principles related to the measurement and recognition of revenue requires judgment.
2
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1087423_13_item7_p28_s1
1087423_12_item7_p26_s0
considerations about management s expectations for attrition rates over the vesting periods.
Our estimated forfeiture rate is based on recent historical experience as well as qualitative considerations about management s expectations for attrition rates over the vesting periods.
2
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1087423_13_item7_p46_s1
1087423_12_item7_p33_s3
For further discussion regarding uncertain tax positions see NOTE 11 Income Taxes to the Consolidated Financial Statements.
For further discussion regarding our income taxes see NOTE 11 Income Taxes to our Consolidated Financial Statements.
2
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1087423_13_item7_p48_s0
1087423_12_item7_p36_s0
Revenue Subscription revenue Subscription revenue, which is primarily comprised of direct and indirect sales of Red Hat enterprise technologies, increased by 24.8%, or $192.2 million, to $965.6 million for the year ended February 29, 2012 from $773.4 million for the year ended February 28, 2011.
Revenue Subscription revenue Subscription revenue increased by 24.8%, or $192.2 million, to $965.6 million for the year ended February 29, 2012 from $773.4 million for the year ended February 28, 2011.
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1087423_13_item7_p48_s13
1087423_12_item7_p40_s0
our services revenue increased by 24.5% or $15.9 million to $80.9 million for the year ended February 29, 2012.
Costs to deliver our services revenue increased by 24.5% or $15.9 million to $80.9 million for the year ended February 29, 2012.
2
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1087423_13_item7_p49_s12
1087423_12_item7_p44_s0
February 29, 2012 from $114.7 million for the year ended February 28, 2011.
General and administrative General and administrative expense increased by 10.2% or $11.7 million to $126.3 million for the year ended February 29, 2012 from $114.7 million for the year ended February 28, 2011.
2
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1087423_13_item7_p44_s2
1087423_12_item7_p44_s1
The increase in general and administrative expenses results primarily from employee related expenses which increased $16.9 million, of which the majority was due to additional headcount.
The increase in general and administrative expenses results primarily from employee related expenses which increased $6.4 million, of which the majority was due to additional headcount, and outside professional fees primarily related to data processing systems upgrades, which increased $6.1 million.
2
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1087423_13_item7_p49_s5
1087423_12_item7_p49_s3
The increase in marketing costs includes $6.0 million related to increased headcount to support our expanding marketing efforts.
The increase in marketing costs includes $13.0 million of employee related expenses, of which approximately $8.2 million related to increased headcount to support our expanding marketing efforts.
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1087423_13_item7_p55_s0
1087423_12_item7_p56_s0
is primarily the result of cash used in investing activities, including net purchases of available-for-sale debt securities of $171.4 million and cash used to acquire all of the issued and outstanding shares of Gluster, which totaled $135.2 million, net of cash acquired.
is primarily the result of cash used in investing activities, including net purchases of available-for-sale debt securities of $134.1 million and cash used to acquire FuseSource, Polymita and ManageIQ, which totaled $135.5 million, net of $0.2 million cash acquired.
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1087423_13_item7_p58_s1
1087423_12_item7_p56_s0
is primarily the result of cash used in investing activities, including net purchases of available-for-sale debt securities of $171.4 million and cash used to acquire all of the issued and outstanding shares of Gluster, which totaled $135.2 million, net of cash acquired.
The decrease in cash and cash equivalents for the year ended February 29, 2012 was primarily the result of cash used in investing activities, including net purchases of available-for-sale debt securities of $171.4 million and cash used to acquire all of the issued and outstanding shares of Gluster, which totaled $135.2...
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1087423_13_item7_p56_s2
1087423_12_item7_p59_s1
For further discussion regarding our purchase of Gluster, see NOTE 3 Business Combinations to the Consolidated Financial Statements.
For further discussion regarding our business acquisitions, see NOTE 3 Business Combinations to our Consolidated Financial Statements.
2
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1087423_13_item7_p6_s0
1087423_12_item7_p5_s0
Linux technologies, which continue to gain broader market acceptance in mission-critical areas of computing, and our expansion of sales channels and our geographic footprint.
million, driven primarily by additional subscriptions related to our principal Red Hat Enterprise Linux technologies, which continue to gain broader market acceptance in mission-critical areas of computing, and our expansion of sales channels and our geographic footprint.
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1087423_13_item7_p22_s5
1087423_12_item7_p67_s3
However, to the extent we are unable to sublease or otherwise dispose of such space and recover the full amount of our existing contractual obligation, we would be required to recognize a loss.
However, to the extent we are unable to sublease or otherwise dispose of such space and recover the full amount of our remaining obligation, we will be required to recognize a loss at the date we cease using this facility, currently estimated to be May 2013.
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1087423_13_item7_p72_s1
1087423_12_item7_p69_s1
ASU 2011-08 allows entities to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount.
ASU 2012-02 gives entities the option to first assess qualitative factors to determine whether it is more likely than not that the fair value of an intangible asset is less than its carrying amount.
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1087423_13_item7_p72_s2
1087423_12_item7_p69_s2
If a greater than 50 percent likelihood exists that the fair value is less than the carrying amount then a two-step goodwill impairment test as described in Topic 350 must be performed.
If a greater than 50 percent likelihood exists that the fair value is less than the carrying amount then a quantitative impairment test as described in Subtopic 350-30 must be performed.
2
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1087423_13_item7_p10_s5
1087423_12_item7_p7_s5
In the year ended February 29, 2012, approximately $510.5 million or 45.1% of our revenue was generated outside the United States compared to approximately $397.0 million or 43.7% for the year ended February 28, 2011.
Revenue by geography In the year ended February 28, 2013, approximately $574.9 million or 43.3% of our revenue was generated outside the United States compared to approximately $510.5 million or 45.1% for the year ended February 29, 2012.
2
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1087423_14_item7_p12_s3
1087423_13_item7_p10_s4
Subscription revenue increased sequentially for each quarter of fiscal 2013, 2012 and 2011 and is being driven primarily by the increased market acceptance and use of open source software by enterprises and our expansion of sales channels and geographic footprint during these periods.
Subscription revenue increased sequentially for each quarter of fiscal 2014, fiscal 2013 and fiscal 2012 and is being driven primarily by the increased use of our offerings by the enterprise and our expansion of sales channels and geographic footprint during these periods.
2
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[ "offerings", "enterprise" ]
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1087423_14_item7_p15_s0
1087423_13_item7_p12_s0
Regional year-over-year variations in gross profit margins are primarily due to slight product mix shifts between subscriptions and services.
Gross profit margin by geography Gross profit margins by geographic region for fiscal 2014, fiscal 2013 and fiscal 2012 were as follows: Regional year-over-year variations in gross profit margins are primarily due to slight product mix shifts between subscriptions and services.
2
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1087423_14_item7_p23_s1
1087423_13_item7_p22_s1
In connection with the transition to our new headquarters, we have endeavored to assign, sublease or otherwise dispose of our existing leases related to the two facilities that previously constituted our headquarters in Raleigh, North Carolina.
In connection with the transition to our new headquarters, we have subleased or entered into agreements to assign our existing leases related to the two facilities that previously constituted our headquarters in Raleigh, North Carolina.
2
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1087423_14_item7_p31_s3
1087423_13_item7_p30_s3
Such shortfalls could have a material adverse effect on our cash flows and to the extent such shortfalls accumulate in excess of approximately $159.0 million (our APIC credit pool ) could materially, adversely impact our results of operations.
Such shortfalls could have a material adverse effect on our cash flows and to the extent such shortfalls accumulate in excess of approximately $170.0 million (the amount of our accumulated pool of windfall tax benefits available to offset future shortfalls) could materially adversely impact our results of operations.
2
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1087423_14_item7_p33_s1
1087423_13_item7_p32_s0
$133.1 million, of which $0.7 million was offset by a valuation allowance.
As of February 28, 2014, deferred tax assets totaled $137.9 million, of which $0.7 million was offset by a valuation allowance.
2
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1087423_14_item7_p47_s0
1087423_13_item7_p37_s0
Revenue Subscription revenue Subscription revenue, which is primarily comprised of direct and indirect sales of Red Hat enterprise technologies, increased by 18.9%, or $182.8 million, to $1.15 billion for the year ended February 28, 2013 from $965.6 million for the year ended February 29, 2012.
Revenue Subscription revenue Subscription revenue increased by 18.9%, or $182.8 million, to $1.15 billion for the year ended February 28, 2013 from $965.6 million for the year ended February 29, 2012.
2
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1087423_14_item7_p48_s0
1087423_13_item7_p41_s0
percentage of training revenue to 53.9% for the year ended February 28, 2013 from 61.6% for the year ended February 29, 2012 due to better utilization of both instructors and classroom space as we transitioned from an on-site, employee-based, fixed-cost delivery model to a variable-cost delivery model with a global tra...
2012 due to better utilization of both instructors and classroom space as we transitioned from an on-site, employee-based, fixed-cost delivery model to a variable-cost delivery model with a global training partner that provides training services on our behalf.
2
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1087423_14_item7_p41_s5
1087423_13_item7_p42_s5
The remaining increase in sales and marketing costs primarily relates to incremental advertising costs of $12.7 million and facility and technology infrastructure enhancements which increased $10.5 million for the year ended February 28, 2013 as compared to the year ended February 29, 2012.
The remaining increase in sales and marketing costs primarily relates to facility and technology infrastructure enhancements, which increased $4.6 million for the year ended February 28, 2014 as compared to the year ended February 28, 2013.
2
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1087423_14_item7_p3_s2
1087423_13_item7_p4_s2
The arrangements with our customers that produce this revenue and cash are explained in further detail in NOTE 2 Summary of Significant Accounting Policies to our Consolidated Financial Statements.
The arrangements with our customers that produce this revenue and cash are explained in further detail in Part II, Item 7 under Critical Accounting Estimates and in NOTE 2 Summary of Significant Accounting Policies to our Consolidated Financial Statements.
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1087423_14_item7_p44_s0
1087423_13_item7_p52_s0
The provision for income tax for the year ended February 28, 2011 consisted of $35.7 million of U.S. income tax expense and $10.7 million of foreign income tax expense.
The provision for income tax for the year ended February 28, 2014 consists of $39.0 million of U.S. income tax expense and $22.3 million of foreign income tax expense.
2
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[ "2014", "consists", "39.0", "22.3" ]
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1087423_14_item7_p52_s1
1087423_13_item7_p53_s0
We have historically derived a significant portion of our liquidity and operating capital from cash flows from operations as well as the sale of equity securities, including private sales of preferred stock and the sale of common stock in our initial and follow-on public offerings, and the issuance of convertible deben...
Historically, we also received cash from the sale of equity securities, including private sales of preferred stock and the sale of common stock in our initial and follow-on public offerings, and the issuance of convertible debentures.
2
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1087423_14_item7_p56_s1
1087423_13_item7_p55_s0
is primarily the result of cash used in investing activities, including net purchases of available-for-sale debt securities of $134.1 million and cash used to acquire FuseSource, Polymita and ManageIQ, which totaled $135.5 million, net of $0.2 million cash acquired.
The decrease in cash and cash equivalents for the year ended February 28, 2013 is primarily the result of cash used in investing activities, including net purchases of available-for-sale debt securities of $134.1 million and cash used to acquire FuseSource, Polymita and ManageIQ, which totaled $135.5 million, net of $0...
2
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1087423_14_item7_p56_s1
1087423_13_item7_p58_s1
The decrease in cash and cash equivalents for the year ended February 29, 2012 was primarily the result of cash used in investing activities, including net purchases of available-for-sale debt securities of $171.4 million and cash used to acquire all of the issued and outstanding shares of Gluster, which totaled $135.2...
The decrease in cash and cash equivalents for the year ended February 28, 2013 is primarily the result of cash used in investing activities, including net purchases of available-for-sale debt securities of $134.1 million and cash used to acquire FuseSource, Polymita and ManageIQ, which totaled $135.5 million, net of $0...
2
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[]
[ "2013", "134.1", "FuseSource", "Polymita", "ManageIQ", "135.5", "0.2" ]
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1087423_14_item7_p54_s9
1087423_13_item7_p59_s6
Excess tax benefits from share-based compensation, which totaled $29.9 million, was considered a financing source of cash.
Excess tax benefits from share-based compensation are considered a financing source of cash.
2
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1087423_14_item7_p22_s6
1087423_13_item7_p61_s1
For further discussion regarding our purchase of Gluster, see NOTE 3 Business Combinations to our Consolidated Financial Statements.
For further discussion related to our acquisitions, see NOTE 3 Business Combinations to our Consolidated Financial Statements.
2
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1087423_14_item7_p6_s0
1087423_13_item7_p6_s0
million, driven primarily by additional subscriptions related to our principal Red Hat Enterprise Linux technologies, which continue to gain broader market acceptance in mission-critical areas of computing, and our expansion of sales channels and our geographic footprint.
million, driven primarily by additional subscriptions related to our principal Red Hat Enterprise Linux and Red Hat JBoss Middleware offerings, which continue to gain broader market acceptance in mission-critical areas of computing, and our expansion of sales channels and our geographic footprint.
2
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[ "JBoss", "Middleware", "offerings" ]
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1087423_14_item7_p6_s3
1087423_13_item7_p6_s3
The increase is driven primarily by customer interest in new products and technologies.
The increase is driven primarily by customer interest in new products and increased demand for our open source solutions.
2
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[ "increased", "demand", "open", "source", "solutions" ]
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1087423_14_item7_p69_s1
1087423_13_item7_p73_s0
ASU 2012-02 is effective for us in the first quarter of our fiscal year ending February 28, 2014.
ASU 2013-05 is effective prospectively for us in the first quarter of our fiscal year ending February 28, 2015.
2
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[ "prospectively" ]
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1087423_14_item7_p69_s1
1087423_13_item7_p74_s1
ASU 2011-11 is effective for us in the first quarter of our fiscal year ending February 28, 2014.
ASU 2013-05 is effective prospectively for us in the first quarter of our fiscal year ending February 28, 2015.
2
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1087423_14_item7_p7_s4
1087423_13_item7_p7_s3
For example, current deferred revenue provides a baseline for revenue to be recognized over the next twelve months.
Similarly, long-term deferred revenue provides a baseline for revenue to be recognized beyond twelve months.
2
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1087423_14_item7_p7_s3
1087423_13_item7_p7_s4
Similarly, long-term deferred revenue provides a baseline for revenue to be recognized beyond twelve months.
For example, current deferred revenue provides a baseline for revenue to be recognized over the next twelve months.
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[]
[ "example", "current", "next" ]
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1087423_15_item7_p8_s4
1087423_14_item7_p10_s0
Below is a summary of our billings (approximated as described above by adding revenue for the period with the change in deferred revenue as reported on our Consolidated Statements of Cash Flows for the same period) by quarter for fiscal 2014, fiscal 2013, fiscal 2012, fiscal 2011 and fiscal 2010 (in thousands): We also...
Below is a summary of our billings (approximated as described above by adding revenue for the period with the change in deferred revenue as reported on our Consolidated Statements of Cash Flows for the same period) by quarter for fiscal 2015, fiscal 2014, fiscal 2013, fiscal 2012 and fiscal 2011 (in thousands):
2
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[]
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1087423_15_item7_p12_s4
1087423_14_item7_p13_s1
Revenue generated by the Americas, EMEA and Asia Pacific for fiscal 2014, fiscal 2013 and fiscal 2012 was as follows (in thousands): Year-over-year revenue growth rates in U.S. dollars for our three geographical regions were as follows for fiscal 2014, fiscal 2013 and fiscal 2012:
Revenue generated by the Americas, EMEA and Asia Pacific for the years ended February 28, 2015, February 28, 2014 and February 28, 2013 was as follows (in thousands): Year-over-year revenue growth rates in U.S. dollars for our three geographical regions were as follows for the years ended February 28, 2015, February 28...
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1087423_15_item7_p15_s0
1087423_14_item7_p15_s0
Gross profit margin by geography Gross profit margins by geographic region for fiscal 2014, fiscal 2013 and fiscal 2012 were as follows: Regional year-over-year variations in gross profit margins are primarily due to slight product mix shifts between subscriptions and services.
Regional year-over-year variations in gross profit margins are primarily due to slight product mix shifts between subscriptions and services.
2
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1087423_15_item7_p31_s0
1087423_14_item7_p29_s1
Our estimated forfeiture rate is based on recent historical experience as well as qualitative considerations about management s expectations for attrition rates over the vesting periods.
considerations about management s expectations for attrition rates over the vesting periods.
2
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1087423_15_item7_p48_s0
1087423_14_item7_p37_s0
Revenue Subscription revenue Subscription revenue, which is primarily comprised of direct and indirect sales of Red Hat enterprise offerings, increased by 16.4%, or $188.4 million, to $1.34 billion for the year ended February 28, 2014 from $1.15 billion for the year ended February 28, 2013.
Revenue Subscription revenue Subscription revenue increased by 16.4%, or $188.4 million, to $1.34 billion for the year ended February 28, 2014 from $1.15 billion for the year ended February 28, 2013.
2
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1087423_15_item7_p49_s0
1087423_14_item7_p40_s4
The increase in both contractor fees and employee compensation expense is due to the necessary expansion of our professional consulting teams needed to provide services related to our emerging technology offerings.
due to the necessary expansion of our professional consulting teams needed to provide services related to our emerging technology offerings.
2
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1087423_15_item7_p44_s10
1087423_14_item7_p50_s1
During the year ended February 29, 2012, we recorded $61.4 million of income tax expense, which resulted in an annual effective tax rate of 29.5%.
Income taxes During the year ended February 28, 2015, we recorded $75.3 million of income tax expense, which resulted in an effective tax rate of 29.5%.
2
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1087423_15_item7_p45_s0
1087423_14_item7_p51_s0
The provision for income tax for the year ended February 29, 2012 consisted of $49.2 million of U.S. income tax expense and $12.2 million of foreign income tax expense.
The provision for income tax for the year ended February 28, 2015 consists of $57.2 million of U.S. income tax expense and $18.1 million of foreign income tax expense.
2
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[ "2015", "consists", "57.2", "18.1" ]
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1087423_15_item7_p53_s1
1087423_14_item7_p52_s1
Historically, we also received cash from the sale of equity securities, including private sales of preferred stock and the sale of common stock in our initial and follow-on public offerings, and the issuance of convertible debentures.
Historically, we also received cash from the sale of equity securities, including private sales of preferred stock and the sale of common stock in our initial and follow-on public offerings, and the issuance of convertible notes, including our recent issuance of convertible notes with par value totaling $805.0 million ...
2
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1087423_15_item7_p63_s2
1087423_14_item7_p52_s4
With $646.7 million in cash and cash equivalents on hand, we believe our cash and cash equivalent balances, together with our ability to generate additional cash from operations, should be sufficient to satisfy our cash requirements for the next twelve months and for the foreseeable future.
Given our historically strong operating cash flow and the $1.81 billion of cash and investments held at February 28, 2015, we believe our cash and cash equivalent balances, together with our ability to generate additional cash from operations, should be sufficient to satisfy our cash requirements for the next twelve mo...
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1087423_15_item7_p58_s0
1087423_14_item7_p54_s3
Partially offsetting cash provided by operating activities was $108.3 million of cash used in investing activities, which included capital expenditures for property and equipment and intangible assets of $97.6 million, and cash used in financing activities, which totaled $263.1 million and included the repurchase of 5,...
investing activities, which included capital expenditures for property and equipment and intangible assets of $97.6 million, and cash used in financing activities, which totaled $263.1 million and included the repurchase of 5,006,579 shares of our common stock for $239.4 million.
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1087423_15_item7_p56_s0
1087423_14_item7_p55_s0
Cash flows from investing Cash used in investing activities of $108.3 million for the year ended February 28, 2014 includes net purchases of available-for-sale debt securities of $8.6 million, investments in property and equipment of $79.6 million, primarily related to facilities and information technology infrastructu...
Cash flows used in investing Cash used in investing activities of $325.0 million for the year ended February 28, 2015 includes net cash of $296.1 million used to acquire Inktank, eNovance and FeedHenry, investments in property and equipment of $45.6 million, primarily related to facilities and information technology in...
2
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[ "325.0", "cash", "296.1", "acquire", "Inktank", "eNovance", "FeedHenry", "45.6", "6.1" ]
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1087423_15_item7_p56_s5
1087423_14_item7_p58_s3
Payments on other borrowings totaled $1.0 million for the year ended February 28, 2013.
Payments on other borrowings totaled $2.8 million for the year ended February 28, 2015.
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[ "Payments", "on", "other", "borrowings", "totaled", "$", "1.0", "million", "for", "the", "year", "ended", "February", "28", ",", "2013", "." ]
[ "Payments", "on", "other", "borrowings", "totaled", "$", "2.8", "million", "for", "the", "year", "ended", "February", "28", ",", "2015", "." ]
[]
[ "2.8" ]
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1087423_15_item7_p23_s5
1087423_14_item7_p65_s5
For further discussion, see NOTE 11 Income Taxes to our Consolidated Financial Statements.
For further discussion, see NOTE 3 Business Combinations to our Consolidated Financial Statements.
2
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1087423_15_item7_p69_s4
1087423_14_item7_p68_s2
We do not believe that this updated standard will have a material impact on our consolidated financial statements.
We have not issued such share-based awards and do not believe that this updated standard will have a material impact on our consolidated financial statements.
2
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1087423_15_item7_p69_s4
1087423_14_item7_p69_s2
We do not believe that this updated standard will have a material impact on our consolidated financial statements.
We have not issued such share-based awards and do not believe that this updated standard will have a material impact on our consolidated financial statements.
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1087423_15_item7_p7_s5
1087423_14_item7_p7_s3
For example, current deferred revenue provides a baseline for revenue to be recognized over the next twelve months.
Similarly, long-term deferred revenue provides a baseline for revenue to be recognized beyond twelve months.
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1087423_15_item7_p7_s4
1087423_14_item7_p7_s4
Similarly, long-term deferred revenue provides a baseline for revenue to be recognized beyond twelve months.
For example, current deferred revenue provides a baseline for revenue to be recognized over the next twelve months.
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[ "example", "current", "next" ]
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1087423_15_item7_p8_s2
1087423_14_item7_p9_s0
weighted toward the end of the quarter, with an increased volume of sales completed in the last few weeks of each quarter.
Furthermore, our quarterly sales cycles are frequently weighted toward the end of the quarter, with an increased volume of sales completed in the last few weeks of each quarter.
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1087423_16_item7_p65_s3
1087423_15_item7_p14_s1
For additional information, see NOTE 20 Segment Reporting to our Consolidated Financial Statements.
For further discussion related to geographic segments, see NOTE 20 Segment Reporting to our Consolidated Financial Statements.
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1087423_16_item7_p1_s6
1087423_15_item7_p1_s6
Our technologies are also offered by cloud service providers as a service available on demand, and this revenue is reported to and recognized by us following delivery.
Our technologies are also offered by certified cloud and service providers ( CCSPs ) as a service available on demand, and this revenue is recognized by us upon delivery.
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[ "certified", "CCSPs", "upon" ]
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1087423_16_item7_p32_s2
1087423_15_item7_p31_s0
considerations about management s expectations for attrition rates over the vesting periods.
Our estimated forfeiture rate is based on recent historical experience as well as qualitative considerations about management s expectations for attrition rates over the vesting periods.
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1087423_16_item7_p47_s1
1087423_15_item7_p34_s4
For further discussion regarding deferred income taxes see NOTE 2 Summary of Significant Accounting Policies and NOTE 11 Income Taxes to our Consolidated Financial Statements.
For further discussion regarding our income taxes see NOTE 11 Income Taxes to our Consolidated Financial Statements.
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1087423_16_item7_p49_s0
1087423_15_item7_p38_s0
Revenue Subscription revenue Subscription revenue, which is primarily comprised of direct and indirect sales of Red Hat offerings, increased by 16.8%, or $224.5 million, to $1.56 billion for the year ended February 28, 2015 from $1.34 billion for the year ended February 28, 2014.
Revenue Subscription revenue Subscription revenue increased by 16.8%, or $224.5 million, to $1.56 billion for the year ended February 28, 2015 from $1.34 billion for the year ended February 28, 2014.
2
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1087423_16_item7_p50_s0
1087423_15_item7_p41_s5
As a result of such investment in staffing, profit margin from professional services decreased to 24.0% for the year ended February 28, 2015 from 26.1% for the year ended February 28, 2014.
services decreased to 24.0% for the year ended February 28, 2015 from 26.1% for the year ended February 28, 2014.
2
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1087423_16_item7_p45_s8
1087423_15_item7_p44_s8
Other income (expense), net Other income (expense), net increased $5.8 million for the year ended February 28, 2015 as compared to the year ended February 28, 2014.
Other income (expense), net Other income (expense), net decreased $8.3 million for the year ended February 29, 2016 as compared to the year ended February 28, 2015.
2
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1087423_16_item7_p46_s0
1087423_15_item7_p45_s0
The provision for income tax for the year ended February 28, 2015 consists of $57.2 million of U.S. income tax expense and $18.1 million of foreign income tax expense.
The provision for income tax for the year ended February 29, 2016 consists of $41.5 million of U.S. income tax expense and $34.0 million of foreign income tax expense.
2
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1087423_16_item7_p49_s18
1087423_15_item7_p49_s0
due to the necessary expansion of our professional consulting teams needed to provide services related to our emerging technology offerings.
The increase in both employee compensation expense and contractor fees is due to the expansion of our professional consulting teams needed to provide services related to our emerging technology offerings.
2
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1087423_16_item7_p64_s2
1087423_15_item7_p53_s4
With $1.05 billion in cash and cash equivalents on hand, we believe our cash and cash equivalent balances, together with our ability to generate additional cash from operations, should be sufficient to satisfy our cash requirements for the next twelve months and for the foreseeable future.
Given our historically strong operating cash flow and the $2.0 billion of cash and investments held at February 29, 2016, we believe our cash and cash equivalent balances, together with our ability to generate additional cash from operations, should be sufficient to satisfy our cash requirements for the next twelve mon...
2
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1087423_16_item7_p2_s4
1087423_15_item7_p5_s0
In our fiscal year ended February 28, 2015, we focused on and expect in our fiscal year ending February 29, 2016 to continue to focus on, among other things, (i) promoting the widespread adoption of Red Hat offerings by customers globally, (ii) expanding our portfolio of virtualization, management and other technology ...
In fiscal 2016 we focused on and in fiscal 2017 we expect to focus on, among other things: (i) driving the widespread adoption of our offerings, (ii) expanding our portfolio of technology offerings that enable cloud computing, (iii) investing in the development of open source technologies and promoting the use of our t...
2
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1087423_16_item7_p54_s4
1087423_15_item7_p63_s2
Given our historically strong operating cash flow and the $1.81 billion of cash and investments held at February 28, 2015, we believe our cash and cash equivalent balances, together with our ability to generate additional cash from operations, should be sufficient to satisfy our cash requirements for the next twelve mo...
With $927.8 million in cash and cash equivalents on hand, we believe our cash and cash equivalent balances, together with our ability to generate additional cash from operations, should be sufficient to satisfy our cash requirements for the next twelve months and for the foreseeable future.
2
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1087423_16_item7_p64_s4
1087423_15_item7_p63_s4
We believe that cash flow from operations will continue to improve; however, there can be no assurances that we will improve our cash flow from operations from the current rate or that such cash flows will be adequate to fund other investments or acquisitions that we may choose to make or be located in the appropriate ...
We believe that our ability to generate additional cash from operations will continue; however, there can be no assurances that we will be able to generate cash from operations at a level equal to the current rate or that such cash flows will be adequate to fund other investments or acquisitions that we may choose to m...
2
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1087423_16_item7_p65_s2
1087423_15_item7_p65_s2
From time to time, however, we may remit a portion of these earnings to the extent we incur no additional U.S. tax and it is otherwise feasible.
From time to time, however, we may remit a portion of these earnings to the extent it is economically prudent.
2
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[ "economically", "prudent" ]
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1087423_16_item7_p7_s7
1087423_15_item7_p7_s4
For example, current deferred revenue provides a baseline for revenue to be recognized over the next twelve months.
Similarly, long-term deferred revenue provides a baseline for revenue to be recognized beyond twelve months.
2
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1087423_16_item7_p7_s6
1087423_15_item7_p7_s5
Similarly, long-term deferred revenue provides a baseline for revenue to be recognized beyond twelve months.
For example, current deferred revenue provides a baseline for revenue to be recognized over the next twelve months.
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[ "example", "current", "next" ]
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1087423_16_item7_p7_s8
1087423_15_item7_p7_s6
Revenue derived from cloud service providers for the delivery of our technologies as a service available on demand is recognized by us following delivery and not billed in advance.
Revenue derived from CCSPs for the delivery of our technologies as a service available on demand is recognized by us in the period earned and billed in arrears.
2
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1087423_16_item7_p7_s9
1087423_15_item7_p7_s7
As a result, revenue derived from cloud service providers has no associated deferred revenue.
As a result, revenue derived from CCSPs has no associated deferred revenue.
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1087423_17_item7_p21_s3
1087423_16_item7_p15_s6
Income from operations by geography Operating income as a percentage of revenue generated by our geographic regions for the years ended February 29, 2016, February 28, 2015 and February 28, 2014 was as follows:
Income from operations by geography Operating income as a percentage of revenue generated by our geographic regions was as follows:
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