Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
New words:
absence, accrual, accuracy, advice, advisor, affiliate, AGL, agreed, aid, aim, alter, alternative, Amherst, announced, Antitrust, appointed, appointment, armed, Army, assume, assumed, assuming, attend, attendance, attended, attending, automatic, automatically, automobile, Bachelor, background, BEAT, Benjamin, Berkowitz, Bossard, Boulevard, Branch, California, candidate, Capgemini, career, Carrett, cease, ceased, CEG, chairmen, charter, civilian, Coaching, College, column, Comin, Command, composition, Comptroller, Concurrently, confirmation, consent, converted, Counsel, CPA, CRH, death, declare, defense, demonstrated, dental, departure, depend, Depending, DeRoche, digital, distinguished, distracted, divert, domestic, domiciled, duly, EarthSource, effectuated, Elisabeth, Endy, engineer, engineering, entice, equivalent, Eric, erosion, ethical, exceed, exceptionally, exempt, exhaustive, expedient, expert, explanatory, expose, extent, extinguished, fee, fifteen, food, founder, Fricke, fullest, fully, Gemini, Godo, graduate, great, Greensboro, Greg, group, Harvard, head, heading, Henry, holder, implicit, imposed, inadvertently, inappropriate, incentive, indefinite, interlocking, internet, issuable, iv, John, Kaisha, Kelly, knowledge, lag, leadership, left, letter, Levine, LFR, lieu, light, Luxembourg, Martin, Master, medical, member, Michigan, Middle, military, Mill, mining, Molycorp, monitored, month, NC, negotiation, Netswitch, ninety, nominated, Nominating, nomination, nominee, nonqualified, notice, notified, occurrence, official, ordinary, owner, par, Parkville, payroll, person, personally, physical, point, poor, post, power, preclude, Princeton, private, professional, prohibited, prohibiting, promptly, Prudential, Quantification, ratified, ready, receipt, recipient, reimburse, reimbursed, reimbursement, relationship, relieved, renew, renewed, representation, requisite, resigned, revaluation, Revolution, Rica, Rico, Robert, role, Royal, salaried, salary, School, Secretary, senior, shipment, shop, Similarly, slate, solicit, solicitation, sooner, spouse, St, standalone, standing, Stanford, structuring, superior, Supervisory, survive, surviving, team, Tennessee, TheAudit, TheCompensation, TheCompliance, thede, TheNominating, thereof, TheSpecial, transformation, Treasurer, unanimously, undergraduate, University, unsatisfied, unvested, vast, vendor, vi, virtue, VN, waiver, warrant, Washington, Wilson, window, wiring, Woodrow, workmanship
Removed:
assured, buyer, collected, deliver, determinable, EGT, enter, excise, functionality, installation, invoicing, marketable, merit, occasionally, passed, pataca, paying, persuasive, peso, reference, released, repayment, residual, satisfied, seller, Shipping, stronger, subjected, training, unrealized
Financial report summary
?Management Discussion
- Income Taxes. The Tax Cuts and Jobs Act (Tax Act) was enacted on December 22, 2017 and reduced the U.S. statutory federal corporate tax rate from 34% to 21%. The effective date of the tax rate change was January 1, 2018. During the year ended December 31, 2018, our effective tax rate was 19.3%, compared to an effective tax rate of 33.4% for the year ended December 31, 2017. Our effective tax rate for the year ended December 31, 2018 was favorably affected by the impact of the Tax Act on our 2017 tax return true-ups, and the benefit from research and low wage tax credits from GPI SAS and GPI USA; partially offset by our Subpart F income adjustment and tax liability from the Internal Revenue Service (IRS) audit of the 2015 tax year. Our effective tax rate for the year ended December 31, 2017 was favorably affected by the foreign rate differential on the income from our Macau subsidiary, GPI Asia, and the benefit from research and low wage tax credits primarily from our French subsidiary, GPI SAS; partially offset by our Subpart F income adjustment and by the impact of the 2017 Tax Cuts and Jobs Act on deferred income taxes.