FangyuLei/tatqa huggingface dataset:
Fiscal Year Ended
Fiscal Year Ended
Fiscal Year Ended
(Dollars in Millions)
April 27, 2019
April 28, 2018
Revenues
$1,073.3
$1,095.0
Net Income
$106.4
$70.5
the following table presents unaudited supplemental pro forma results for fiscal 2019 and 2018 as if both the grakon acquisition had occurred as of the beginning of fiscal 2018 and the pacific insight acquisition had occurred as of the beginning of fiscal 2017 .
the unaudited pro forma information is presented for information purposes only and is not indicative of the results of operations that would have been achieved if the acquisitions had taken place at such times .
the unaudited pro forma results presented below primarily include amortization charges for acquired intangible assets depreciation adjustments for property plant and equipment that has been revalued interest expense adjustments due to an increased debt level adjustments for certain acquisition-related charges and related tax effects .

Question: Why is unaudited pro forma information presented?
Answer: information purposes only and is not indicative of the results of operations that would have been achieved if the acquisitions had taken place at such times.

Question: What was the revenues in 2019 and 2018 respectively?
Answer: $1,073.3 $1,095.0

Question: What was the net income in 2019 and 2018 respectively?
Answer: 106.4 70.5

Question: What was the change in the revenues from 2018 to 2019?
Answer: -21.7

Question: What is the average net income for 2018 and 2019?
Answer: 88.45

Question: In which year was net income less than 100.0 million?
Answer: 2018
2019
2018
Current: Federal
$1,139,927
$1,294,253
Current: State
428,501
423,209
1,568,428
1,717,462
Deferred: Federal
34,466
(470,166)
Deferred: State
6,106
(83,296)
40,572
(553,462)
Income tax expense
$1,609,000
$1,164,000
7 .
income taxes : .
the components of income tax expense from operations for fiscal 2019 and fiscal 2018 consisted of the following : .

Question: What are the respective values of the company's current federal tax in 2018 and 2019?
Answer: $1,294,253 $1,139,927

Question: What are the respective values of the company's current state tax in 2018 and 2019?
Answer: 423,209 428,501

Question: What are the respective values of the company's income tax expense in 2018 and 2019?
Answer: $1,164,000 $1,609,000

Question: What is the percentage change in the company's 2018 and 2019 income tax expense?
Answer: 38.23

Question: What is the percentage change in the company's 2018 and 2019 current federal tax expense?
Answer: -11.92

Question: What is the company's average current state tax expense between 2018 and 2019?
Answer: 425855
USDm
2019
2018
2017
Vessel values including newbuildings (broker values)
1,801.5
1,675.1
1,661.1
Total (value)
1,801.5
1,675.1
1,661.1
Borrowings
863.4
754.7
753.9
- Hereof debt regarding Land and buildings & Other plant and operating equipment
-8.7
-
-
Committed CAPEX on newbuildings
51.2
258.0
306.9
Loans receivables
-4.6
-
-
Cash and cash equivalents, including restricted cash
-72.5
-127.4
-134.2
Total (loan)
828.8
885.3
926.6
Loan-to-value (LTV) ratio
46.0%
52.9%
55.8%
loan-to-value -ltv : torm defines loan-to-value -ltv ratio as vessel values divided by net borrowings on the vessels .
ltv describes the net debt ratio on the vessel and is used by torm to describe the financial situation the liquidity risk as well as to express the future possibilities to raise new capital by new loan facilities .

Question: How does TORM define loan-to-value (LTV)?
Answer: TORM defines Loan-to-value (LTV) ratio as Vessel values divided by net borrowings on the vessels.

Question: What is the LTV used by TORM for?
Answer: to describe the financial situation, the liquidity risk as well as to express the future possibilities to raise new capital by new loan facilities.

Question: Which are the components in the table which are used to tabulate the Loan-to-value (LTV) ratio based on its definition?
Answer: Total (value) Total (loan)

Question: In which year was the LTV ratio the largest?
Answer: 2017

Question: What was the change in Total (loan) in 2019 from 2018?
Answer: -56.5

Question: What was the percentage change in Total (loan) in 2019 from 2018?
Answer: -6.38
Fiscal year end
Fiscal year end
Fiscal year end
June 1, 2019
June 2, 2018
June 3, 2017
Statutory federal income tax (benefit)
$14,694
$34,105
$(39,950)
State income tax (benefit)
2,164
3,200
(3,193)
Domestic manufacturers deduction
—
(2,545)
4,095
Enacted rate change
—
(42,973)
—
Tax exempt interest income
(197)
(101)
(206)
Other, net
(918)
(545)
(613)
Total
$15,743
$(8,859)
$(39,867)
the differences between income tax expense -benefit at the company ’ s effective income tax rate and income tax expense at the statutory federal income tax rate were as follows : .
in december 2017 the president of the united states signed into law the tax cuts and jobs act of 2017 -the “ act ” which among other matters reduced the united states corporate tax rate from 35 % to 21 % effective january 1 2018 .
in fiscal 2018 the company recorded a $ 43 million tax benefit primarily related to the remeasurement of certain deferred tax assets and liabilities .
federal and state income taxes of $ 36 .
5 million $ 2 .
1 million and $ 3 .
7 million were paid in fiscal years 2019 2018 and 2017 respectively .
federal and state income taxes of $ 418000 $ 47 .
2 million and $ 17 .
6 million were refunded in fiscal years 2019 2018 and 2017 respectively .
the company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position .
the company measures the tax benefits recognized based on the largest benefit that has a greater than 50 % likelihood of being realized upon ultimate resolution .
as of june 1 2019 there were no uncertain tax positions that resulted in any adjustment to the company ’ s provision for income taxes .
we are under audit by the irs for the fiscal years 2013 through 2015 .
we are subject to income tax in many jurisdictions within the u .
s .
and certain jurisdictions are under audit by state and local tax authorities .
the resolutions of these audits are not expected to be material to our consolidated financial statements .
tax periods for all years beginning with fiscal year 2013 remain open to examination by federal and state taxing jurisdictions to which we are subject .

Question: What was the Tax Cuts and Jobs Act of 2017 (the “Act”)?
Answer: reduced the United States corporate tax rate from 35% to 21% effective January 1, 2018

Question: What was the increase / (decrease) in the Statutory federal income tax (benefit) from 2018 to 2019?
Answer: -19411

Question: What was the federal state income tax in fiscal year 2019?
Answer: $36.5 million

Question: What was the average Tax exempt interest income?
Answer: -168

Question: What was the adjustment to the Company’s provision for income taxes in 2019?
Answer: As of June 1, 2019, there were no uncertain tax positions that resulted in any adjustment to the Company’s provision for income taxes.

Question: What was the percentage change in the Domestic manufacturers deduction from 2017 to 2018?
Answer: -162.15
Years Ended December 31
Years Ended December 31
Years Ended December 31
Years Ended December 31
Black-Scholes Assumptions
2019
2018
2017
Dividend yield
4.5%
4.6%
4.1%
Expected volatility
28.3%
28.7%
27.1%
Risk-free interest rate
2.5%
2.5%
2.0%
Expected life of the option term (in years)
4.3
4.4
4.5
8 .
stock option and award plan : -continued .
the accounting for equity-based compensation expense requires the company to make estimates and judgments that affect its financial statements .
these estimates for stock options include the following .
expected dividend yield — the company uses an expected dividend yield based upon expected annual dividends and the company ’ s stock price .
expected volatility — the company uses its historical volatility for a period commensurate with the expected term of the option .
risk-free interest rate — the company uses the zero coupon us treasury rate during the quarter having a term that most closely resembles the expected term of the option .
expected term of the option — the company estimates the expected life of the option term by analyzing historical stock option exercises .
forfeiture rates — the company estimates its forfeiture rate based on historical data with further consideration given to the class of employees to whom the options or shares were granted .
the weighted-average per share grant date fair value of options was $ 8 .
92 in 2019 $ 8 .
45 in 2018 and $ 7 .
06 in 2017 .
the following assumptions were used for determining the fair value of options granted in the three years ended december 31 2019 : .

Question: What are the respective dividend yield in 2017 and 2018?
Answer: 4.1% 4.6%

Question: What are the respective dividend yield in 2018 and 2019?
Answer: 4.6% 4.5%

Question: What are the respective expected volatility in 2017 and 2018?
Answer: 27.1% 28.7%

Question: What is the average dividend yield in 2017 and 2018?
Answer: 4.35

Question: What is the average dividend yield in 2018 and 2019?
Answer: 4.55

Question: What is the average expected volatility in 2017 and 2018?
Answer: 27.9
2019
2018
£m
£m
Adjusted operating profit
282.7
264.9
Depreciation and amortisation of property, plant and equipment, software and development
34.3
32.9
Earnings before interest, tax, depreciation and amortisation
317.0
297.8
Net debt
295.2
235.8
Net debt to EBITDA
0.9
0.8
2 alternative performance measures continued .
net debt to earnings before interest tax depreciation and amortisation -ebitda .
to assess the size of the net debt balance relative to the size of the earnings for the group we analyse net debt as a proportion of ebitda .
ebitda is calculated by adding back depreciation and amortisation of owned property plant and equipment software and development to adjusted operating profit .
net debt excludes ifrs 16 lease liabilities .
the net debt to ebitda ratio is calculated as follows : .
the components of net debt are disclosed in note 24 .

Question: Why is net debt analysed as a proportion of EBITDA?
Answer: To assess the size of the net debt balance relative to the size of the earnings for the Group

Question: How is EBITDA calculated?
Answer: by adding back depreciation and amortisation of owned property, plant and equipment, software and development to adjusted operating profit

Question: What are the components considered when calculating the Net debt to EBITDA ratio?
Answer: Earnings before interest, tax, depreciation and amortisation Net debt

Question: In which year was the net debt to EBITDA ratio larger?
Answer: 2019

Question: What was the change in net debt from 2018 to 2019?
Answer: 59.4

Question: What was the percentage change in net debt from 2018 to 2019?
Answer: 25.19
Years Ended December 31,
Years Ended December 31,
Years Ended December 31,
2019
2018
2017
Americas:
United States
$614,493
$668,580
$644,870
The Philippines
250,888
231,966
241,211
Costa Rica
127,078
127,963
132,542
Canada
99,037
102,353
112,367
El Salvador
81,195
81,156
75,800
Other
123,969
118,620
118,853
Total Americas
1,296,660
1,330,638
1,325,643
EMEA:
Germany
94,166
91,703
81,634
Other
223,847
203,251
178,649
Total EMEA
318,013
294,954
260,283
Total Other
89
95
82
$1,614,762
$1,625,687
$1,586,008
the company ’ s top ten clients accounted for 42 .
2 % 44 .
2 % and 46 .
9 % of its consolidated revenues during the years ended december 31 2019 2018 and 2017 respectively .
the following table represents a disaggregation of revenue from contracts with customers by delivery location -in thousands : .

Question: What was the  Total Americas  amount in 2019?
Answer: 1,296,660

Question: What was the Total EMEA amount in 2018?
Answer: 294,954

Question: In which years is the disaggregation of revenue from contracts with customers by delivery location provided?
Answer: 2019 2018 2017

Question: In which year was Total Other largest?
Answer: 2018

Question: What was the change in Total Other in 2018 from 2017?
Answer: 13

Question: What was the percentage change in Total Other in 2018 from 2017?
Answer: 15.85
($ in millions)
($ in millions)
($ in millions)
At December 31:
2019
2018
Recorded investment (1)
$22,446
$31,182
Specific allowance for credit losses
177
220
Unallocated allowance for credit losses
45
72
Total allowance for credit losses
221
292
Net financing receivables
$22,224
$30,890
global financing receivables and allowances .
the following table presents external global financing receivables excluding residual values the allowance for credit losses and immaterial miscellaneous receivables : .
-1 includes deferred initial direct costs which are eliminated in ibm ’ s consolidated results .
the percentage of global financing receivables reserved was 1 .
0 percent at december 31 2019 compared to 0 .
9 percent at december 31 2018 .
the decline in the allowance for credit losses was driven by write-offs of $ 64 million primarily of receivables previously reserved and net releases of $ 7 million as a result of lower average asset balances in client and commercial financing .
see note k “ financing receivables ” for additional information .

Question: What does the recorded investment include?
Answer: Includes deferred initial direct costs which are eliminated in IBM’s consolidated results.

Question: What was the decline in the global financing receivables?
Answer: driven by write-offs of $64 million, primarily of receivables previously reserved, and net releases of $7 million as a result of lower average asset balances in client and commercial financing. See note K, “Financing Receivables,” for additional information.

Question: What is the total allowance for credit losses in 2019?
Answer: 221

Question: What is the increase / (decrease) in the recorded investment from 2018 to 2019?
Answer: -8736

Question: What is the average Specific allowance for credit losses?
Answer: 198.5

Question: What is the percentage increase / (decrease) in the Net financing receivables from 2018 to 2019?
Answer: -28.05
Number of Shares
Weighted-Average Exercise Price Per Share
Weighted-Average Remaining Contractual Term (in Years)
Outstanding at September 30, 2016
3,015,374
$3.95
6.4
Granted
147,800
$7.06
Exercised
(235,514)
$2.92
Canceled
(81,794)
$3.59
Outstanding at September 30, 2017
2,845,866
$4.21
5.4
Granted
299,397
$8.60
Exercised
(250,823)
$2.96
Canceled
(88,076)
$5.23
Outstanding at September 30, 2018
2,806,364
$4.75
4.6
Granted
409,368
$9.59
Exercised
(1,384,647)
$3.25
Canceled
(144,183)
$6.62
Outstanding at September 30, 2019
1,686,902
7.00
5.4
stock options .
the following table summarizes stock option activity under the company ’ s stock option plans during the fiscal years ended september 30 2019 2018 and 2017 : .
the company recognized $ 0 .
7 million $ 1 .
4 million and $ 1 .
0 million in stock-based compensation expense related to outstanding stock options in the fiscal years ended september 30 2019 2018 and 2017 respectively .
as of september 30 2019 the company had $ 2 .
0 million of unrecognized compensation expense related to outstanding stock options expected to be recognized over a weighted-average period of approximately three years .
aggregate intrinsic value represents the value of the company ’ s closing stock price on the last trading day of the fiscal period in excess of the weighted-average exercise price multiplied by the number of options outstanding and exercisable .
the total intrinsic value of options exercised during the fiscal years ended september 30 2019 2018 and 2017 was $ 11 .
1 million $ 1 .
4 million and $ 1 .
4 million respectively .
the per-share weighted-average fair value of options granted during the fiscal years ended september 30 2019 2018 and 2017 was $ 5 .
07 $ 4 .
56 and $ 4 .
28 respectively .
the aggregate intrinsic value of options outstanding as of september 30 2019 and 2018 was $ 4 .
9 million and $ 8 .
7 million respectively .

Question: How much was the unrecognized compensation expense related to outstanding stock options in 2019?
Answer: $2.0 million

Question: What is aggregate intrinsic value?
Answer: the value of the Company’s closing stock price on the last trading day of the fiscal period in excess of the weighted-average exercise price, multiplied by the number of options outstanding and exercisable

Question: What is the number of shares outstanding as of September 30, 2018?
Answer: 2,806,364

Question: What is the total price of shares that were exercised or canceled between 2016 and 2017?
Answer: 981341.34

Question: What is the proportion of granted shares between 2017 and 2018 over outstanding shares at September 30, 2017?
Answer: 0.11

Question: What is the price of outstanding shares on September 30, 2019?
Answer: 11808314
Combined Pension Plan
Years Ended December 31,
Years Ended December 31,
Years Ended December 31,
2019
2018
2017
(Dollars in millions)
(Dollars in millions)
(Dollars in millions)
Change in benefit obligation
Benefit obligation at beginning of year
$11,594
13,064
13,244
Service cost
56
66
63
Interest cost
436
392
409
Plan amendments
(9)
—
—
Special termination benefits charge
6
15
—
Actuarial (gain) loss
1,249
(765)
586
Benefits paid from plan assets
(1,115)
(1,178)
(1,238)
Benefit obligation at end of year
$12,217
11,594
13,064
in 2019 2018 and 2017 we adopted the revised mortality tables and projection scales released by the society of actuaries which decreased the projected benefit obligation of our benefit plans by $ 4 million $ 38 million and $ 113 million respectively .
the change in the projected benefit obligation of our benefit plans was recognized as part of the net actuarial -gain loss and is included in accumulated other comprehensive loss a portion of which is subject to amortization over the remaining estimated life of plan participants which was approximately 16 years as of december 31 2019 .
the following tables summarize the change in the benefit obligations for the combined pension plan and post-retirement benefit plans : .

Question: What is the change in the projected benefit obligation of the benefit plans recognized as?
Answer: part of the net actuarial (gain) loss and is included in accumulated other comprehensive loss, a portion of which is subject to amortization over the remaining estimated life of plan participants

Question: What is the remaining estimated life of plan participants?
Answer: approximately 16 years as of December 31, 2019

Question: In which years was the revised mortality tables and projection scales released by the Society of Actuaries adopted?
Answer: 2019 2018 2017

Question: What is the total special termination benefits charge in 2018 and 2019?
Answer: 21

Question: Which year has the lowest service cost?
Answer: 2019

Question: What is the percentage change in interest cost in 2019 from 2018?
Answer: 11.22
Fiscal year-end
Fiscal year-end
2019
2018
Assets related to deferred compensation arrangements (see Note 13)
$35,842
$37,370
Deferred tax assets (see Note 16)
87,011
64,858
Other assets(1)
18,111
9,521
Total other assets
$140,964
$111,749
other assets consist of the following -in thousands : .
-1 in the first quarter of fiscal 2019 we invested 3 .
0 million euro - $ 3 .
4 million in 3d-micromac ag a private company in germany .
the investment is included in other assets and is being carried on a cost basis and will be adjusted for impairment if we determine that indicators of impairment exist at any point in time .

Question: What was the Total other assets in 2019?
Answer: $140,964

Question: What was the Deferred tax assets in 2018?
Answer: 64,858

Question: In which years was Other assets provided?
Answer: 2019 2018

Question: In which year was Other assets larger?
Answer: 2019

Question: What was the change in Other assets in 2019 from 2018?
Answer: 8590

Question: What was the percentage change in Other assets in 2019 from 2018?
Answer: 90.22
As of December 31,
As of December 31,
2019
2018
Non-current deferred tax assets
$19,795
$22,201
Non-current deferred tax liabilities
$(5,637)
$(3,990)
Total net deferred tax assets
$14,158
$18,211
notes to consolidated financial statements -in thousands except for share and per share data .
note 18 — income taxes .
the long-term deferred tax assets and long-term deferred tax liabilities are as follows below : .
at each reporting date we weigh all available positive and negative evidence to assess whether it is more-likely-than-not that the company ' s deferred tax assets including deferred tax assets associated with accumulated loss carryforwards and tax credits in the various jurisdictions in which it operates will be realized .
as of december 31 2019 and 2018 we recorded deferred tax assets related to certain u .
s .
state and non-u .
s .
income tax loss carryforwards of $ 4724 and $ 4647 respectively and u .
s .
and non- u .
s .
tax credits of $ 15964 and $ 16909 respectively .
the deferred tax assets expire in various years primarily between 2021 and 2039 .
generally we assess if it is more-likely-than-not that our net deferred tax assets will be realized during the available carry-forward periods .
as a result we have determined that valuation allowances of $ 8011 and $ 8274 should be provided for certain deferred tax assets at december 31 2019 and 2018 respectively .
as of december 31 2019 the valuation allowances relate to certain u .
s .
state and non-u .
s .
loss carry-forwards and certain u .
s .
state tax credits that management does not anticipate will be utilized .
no valuation allowance was recorded in 2019 against the u .
s .
federal foreign tax credit carryforwards of $ 5785 which expire in varying amounts between 2023 and 2029 as well as the research and development tax credits of $ 7495 which expire in varying amounts between 2021 and 2039 .
we assessed the anticipated realization of those tax credits utilizing future taxable income projections .
based on those projections management believes it is more-likely-than-not that we will realize the benefits of these credit carryforwards .

Question: Which years does the table provide information for the long-term deferred tax assets and long-term deferred tax liabilities for the company?
Answer: 2019 2018

Question: What was the amount of Non-current deferred tax assets in 2018?
Answer: 22,201

Question: What was the Total net deferred tax assets in 2019?
Answer: 14,158

Question: Which years did Non-current deferred tax assets exceed $20,000 thousand?
Answer: 2018

Question: What was the change in the Non-current deferred tax liabilities between 2018 and 2019?
Answer: -1647

Question: What was the percentage change in the Total net deferred tax assets between 2018 and 2019?
Answer: -22.26