FangyuLei/tatqa huggingface dataset:
Year Ended December 31,
Year Ended December 31,
Year Ended December 31,
2019
2018
2017
(dollars in thousands)
(dollars in thousands)
(dollars in thousands)
Research and development
$101,151
$76,981
$61,975
Percent of revenue
17.5%
14.3%
12.9%
research and development .
research and development expenses increased $ 24 .
2 million or 31 % in 2019 as compared to 2018 .
the increase was principally due to the 2018 reallocation of headcount from sales and marketing to research and development as well as investments to maintain and improve the functionality of our products .
as a result we incurred increased employee-related costs of $ 16 .
3 million and increased overhead costs of $ 3 .
4 million .
research and development expenses increased $ 15 .
0 million or 24 % in 2018 as compared to 2017 .
the increase was principally due to the 2018 reallocation of headcount from sales and marketing to research and development as well as investments to maintain and improve the functionality of our products .
as a result we incurred increased employee-related costs of $ 12 .
1 million .

Question: What was the change in percentage of revenue of research and development between 2017 and 2018?
Answer: 1.4
2019
2018
2017
Depreciation:      
AMER 
$22,531
$21,224
$19,694
APAC 
16,905
15,954
15,588
EMEA 
6,105
6,054
5,467
Corporate 
5,344
4,863
4,581
50,885
48,095
45,330
Capital expenditures:
AMER
$42,459
$17,690
$18,111
APAC
33,454
33,018
13,816
EMEA
5,186
7,923
5,748
Corporate
9,501
4,149
863
$90,600
$62,780
$38,538
11 .
reportable segments geographic information and major customers .
reportable segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker or group in assessing performance and allocating resources .
the company uses an internal management reporting system which provides important financial data to evaluate performance and allocate the company ’ s resources on a regional basis .
net sales for the segments are attributed to the region in which the product is manufactured or the service is performed .
the services provided manufacturing processes used class of customers serviced and order fulfillment processes used are similar and generally interchangeable across the segments .
a segment ’ s performance is evaluated based upon its operating income -loss .
a segment ’ s operating income -loss includes its net sales less cost of sales and selling and administrative expenses but excludes corporate and other expenses .
corporate and other expenses fiscal 2019 and the $ 13 .
5 million one-time employee bonus paid to full-time non-executive employees during fiscal 2018 due to the company ' s ability to access overseas cash as a result of tax reform -the " one-time employee bonus " .
these costs are not allocated to the segments as management excludes such costs when assessing the performance of the segments .
inter-segment transactions are generally recorded at amounts that approximate arm ’ s length transactions .
the accounting policies for the segments are the same as for the company taken as a whole .
information about the company ’ s three reportable segments for fiscal 2019 2018 and 2017 is as follows -in thousands : .

Question: What was the percentage change in the total depreciation between 2017 and 2018?
Answer: 6.1
Adjusted earnings per share (£m)
2018/19
2017/18
Change
Trading profit
128.5
123.0
+4.5%
Less: Net regular interest
(40.5)
(44.4)
+8.9%
Adjusted profit before tax
88.0
78.6
+12.1%
Less: Notional tax (19%)
(16.7)
(14.9)
(12.1%)
Adjusted profit after tax6
71.3
63.7
+12.1%
Average shares in issue (millions)
841.5
836.8
+0.6%
Adjusted earnings per share (pence)
8.5
7.6
+11.5%
the group reported a loss before tax of £ -42 .
7m in the year compared to a profit before tax of £ 20 .
9m in 2017 / 18 .
a loss after tax was £ -33 .
8m compared to a £ 7 .
2m profit in the prior year .
adjusted profit before tax was £ 88 .
0m in the year an increase of £ 9 .
4m compared to the prior year due to growth both in trading profit and lower interest costs as described above .
adjusted profit after tax increased £ 7 .
6m to £ 71 .
3m in the year after deducting a notional 19 .
0 % tax charge of £ 16 .
7m .
based on average shares in issue of 841 .
5 million shares adjusted earnings per share in the year was 8 .
5 pence growth in the year of + 11 .
5 % .

Question: What was the average trading profit for 2017/18 and 2018/19?
Answer: 125.75
€ million
2017/2018
2018/2019
Change in plan assets
Fair value of plan assets as of beginning of period
905
940
Recognised under
21
23
Interest income
21
23
Recognised outside of profit or loss under ‘remeasurement of defined benefit pension plans’ in other comprehensive income
24
102
Gains/losses from plan assets excl. interest income (+/−)
24
102
Other effects
−10
0
Benefit payments (incl. tax payments)
−34
−27
Settlement payments
−6
0
Employer contributions
35
18
Contributions from plan participants
11
9
Change in consolidation group / transfers
0
0
Reclassification in accordance with IFRS5
−16
0
Currency effects
0
1
Fair value of plan assets as of end of period
940
1,066
the actual return on plan assets amounted to € 125 million in the reporting period -2017 / 18 : € 45 million .
for financial year 2019 / 20 the company expects employer payments to external pension providers totalling approximately € 18 million and employee contributions of € 9 million in plan assets with contributions in the netherlands belgium and germany accounting for the major share of this total .
expected contributions from payment contribution commitments in germany are not included in expected payments .
the fair value of plan assets developed as follows : .
at one dutch company plan assets exceeded the value of commitments as of the closing date .
since the company cannot draw any economic benefits from this overfunding the balance sheet amount was reduced to € 0 in line with ias 19 .
64 -b .

Question: How much did the actual return on plan assets amount to in FY2019?
Answer: €125 million
Years ended December 31
Years ended December 31
Years ended December 31
(In millions of dollars)
Note
2019
2018
Interest on borrowings 1
746
709
Interest on post-employment benefits liability
23
11
14
Loss on repayment of long-term debt
21
19
28
(Gain) loss on foreign exchange
(79)
136
Change in fair value of derivative instruments
80
(95)
Capitalized interest
(19)
(20)
Other
21
21
Finance costs before interest on lease liabilities
779
793
Interest expense on lease liabilities
8
61
-
Total finance costs
840
793
1 interest on borrowings includes interest on short-term borrowings and on long-term debt .
foreign exchange and change in fair value of derivative instruments we recognized $ 79 million in net foreign exchange gains in 2019 -2018 – $ 136 million in net losses .
these gains and losses were primarily attributed to our us dollar-denominated commercial paper -us cp program borrowings -see note 17 .
these foreign exchange gains -2018 – losses were partially offset by the $ 80 million loss related to the change in fair value of derivatives -2018 – $ 95 million gain that was primarily attributed to the debt derivatives which were not designated as hedges for accounting purposes we used to substantially offset the foreign exchange risk related to these us dollar-denominated borrowings .
during the year ended december 31 2018 after determining we would not be able to exercise our outstanding bond forward derivatives -bond forwards within the designated time frame we discontinued hedge accounting and reclassified a $ 21 million loss from the hedging reserve within shareholders ’ equity to “ change in fair value of derivative instruments ” within finance costs .
we subsequently extended the bond forwards and redesignated them as effective hedges .
during the year ended december 31 2019 we exercised these bond forwards .
see note 17 for more information on our bond forwards .
note 11 : finance costs .

Question: What is the increase/ (decrease) in Loss on repayment of long-term debt from 2018 to 2019?
Answer: -9
Years Ended June 30,
Years Ended June 30,
Years Ended June 30,
($ in millions)
2019
2018
2017
Cost of sales
Service cost
$10.0
$10.5
$20.2
Total cost of sales
10.0
10.5
20.2
Selling, general and administrative expenses
Service cost
1.5
1.6
3.9
Total selling, general and administrative expenses
1.5
1.6
3.9
Other expense
Pension earnings, interest and deferrals
0.1
2.1
23.8
Curtailment charge
—
—
0.5
Total other expense
0.1
2.1
24.3
Net pension expense
$11.6
$14.2
$48.4
the service cost component of net pension expense represents the estimated cost of future pension liabilities earned associated with active employees .
the pension earnings interest and deferrals - “ pension eid ” is comprised of the expected return on plan assets interest costs on the projected benefit obligations of the plans and amortization of actuarial gains and losses and prior service costs .
net pension expense is recorded in accounts that are included in both the cost of sales and selling general and administrative expenses based on the function of the associated employees and in other income -expense net .
the following is a summary of the classification of net pension expense for the years ended june 30 2019 2018 and 2017 : .
as of june 30 2019 and 2018 amounts capitalized in gross inventory were $ 1 .
7 million and $ 1 .
7 million respectively .

Question: In which year was the total cost of sales the largest?
Answer: 2017
December 31,
December 31,
2019
2018
Term loans
$756,060
$284,959
Revolving credit facility
239,000
—
5.750% Senior Notes, due August 2026
400,000
400,000
Debt issuance costs
(21,905 )
(13,203 )
Total debt
1,373,155
671,756
Less current portion of term credit facility
38,950
23,747
Less current portion of debt issuance costs
(4,802 )
(2,980 )
Total long-term debt
$1,339,007
$650,989
the credit agreement and 2026 notes contain certain customary affirmative covenants and negative covenants that limit or restrict subject to certain exceptions the incurrence of liens indebtedness of subsidiaries mergers advances investments acquisitions transactions with affiliates change in nature of business and the sale of the assets .
in addition the credit agreement and 2026 notes contain certain customary mandatory prepayment provisions .
the company is also required to maintain a consolidated leverage ratio at or below a specified amount and an interest coverage ratio at or above a specified amount .
as specified in the credit agreement and 2026 notes agreement if certain events occur and continue the company may be required to repay all amounts outstanding under the credit facility and 2026 notes .
as of december 31 2019 and at all times during the period the company was in compliance with its financial debt covenants .
total debt is comprised of the following -in thousands : .

Question: What was the Revolving credit facility in 2019?
Answer: 239,000
2019
2018
2017
Year ended 31 March
£m
£m
£m
Revenue
23,428
23,723
24,062
Operating costs a
(16,461)
(16,828)
(17,323)
Depreciation and amortisation
(3,546)
(3,514)
(3,572)
Operating profit
3,421
3,381
3,167
Net finance expense
(756)
(764)
(804)
Associates and joint ventures
1
(1)
(9)
Profit before tax
2,666
2,616
2,354
Tax
(507)
(584)
(446)
Profit for the period
2,159
2,032
1,908
revenue .
both reported and adjusted revenue fell by 1 % as growth in our consumer business was more than offset by regulated price reductions in openreach and declines in our enterprise businesses in particular in fixed voice and also reflecting our strategy to reduce low margin activity such as equipment sales .
excluding the negative impact of £ 35m from foreign exchange movements underlying revenue fell 0 .
9 % -2017 / 18 : fell 1 % which exceeds our expectation of down around 2 % .
you can find details of revenue by customer-facing unit on pages 40 to 41 .
note 6 to the consolidated financial statements shows a full breakdown of reported revenue by all our major product and service categories .
operating costs .
reported operating costs were down 2 % and adjustedb operating costs before depreciation and amortisation were down 1 % .
this was mainly driven by restructuring related cost savings and lower payments to telecommunications operators driven by global services strategy to de-emphasise low margin business partly offset by higher costs of recruiting and training engineers to support openreach ’ s ‘ fibre first ’ programme and help deliver improved customer service .
our cost transformation programme remains on track .
c4000 roles were removed in the year with the largest elements being in global services and our corporate units .
overall savings from the programme are currently an annualised benefit of £ 875m with an associated cost of £ 386m .
note 7 to the consolidated financial statements shows a detailed breakdown of our operating costs .
note 7 to the consolidated financial statements shows a detailed breakdown of our operating costs .
a excluding depreciation and amortisation .

Question: What was the change in the reported and adjusted revenue of Consumer business?
Answer: fell by 1%
2019
2018
Income tax expense, as reported (GAAP)
$17.3
$94.6
Accumulated foreign earnings assertion 
10.5
—
U.S. Tax Reform
(7.0)
(85.9)
Impact of other special tax items
0.2
(1.1)
Impact of valuation allowance release 
—
3.6
Impact of one-time employee bonus
—
0.3
Income tax expense, as adjusted (non-GAAP) (1)
$21.0
$11.5
income taxes .
income tax expense and effective annual income tax rates for fiscal 2019 and 2018 as well as information as to the effects of the u .
s .
tax reform in fiscal 2018 were as follows -dollars in millions : .
-1 we believe the non-gaap presentation of income tax expense and the effective annual tax rate excluding special tax items the one-time employee bonus and restructuring charges provides additional insight over the change from the comparative reporting periods by isolating the impact of these significant special items .
in addition the company believes that its income tax expense as adjusted and effective tax rate as adjusted enhance the ability of investors to analyze the company ’ s operating performance and supplement but do not replace its income tax expense and effective tax rate calculated in accordance with u .
s .
gaap .
income tax expense for fiscal 2019 was $ 17 .
3 million compared to $ 94 .
6 million for fiscal 2018 .
the decrease is primarily due to the $ 85 .
9 million impact of tax reform that was recorded in fiscal 2018 which was partially offset by an increase in tax expense due to the global intangible low-taxed income provisions - " gilti " of tax reform in fiscal 2019 .
income tax expense also decreased by $ 10 .
5 million in fiscal 2019 as the company reasserted that certain historical undistributed earnings of two foreign subsidiaries will be permanently reinvested based on the expected working capital requirements of these two foreign subsidiaries .
the $ 94 .
6 million of income tax expense recorded during fiscal 2018 included $ 85 .
9 million related to the enactment of tax reform .
included in the fiscal 2018 income tax expense was a $ 3 .
6 million benefit for the valuation allowance released against the net deferred tax assets in the u .
s .
as the company is subject to gilti .

Question: How many years did Income tax expense, as reported (GAAP) exceed $50 million?
Answer: 1
($ in millions except per share amounts)
($ in millions except per share amounts)
($ in millions except per share amounts)
For the year ended December 31:
2019
2018
Revenue
$ 77,147
$ 79,591
Net Income
9,431
8,728
Income from continuing operations
9,435
8,723
Operating (non-GAAP) earnings**
$ 11,436
$ 12,657
Earnings per share of common stock—continuing operations
Assuming dilution
10.57
9.51
Basic
10.63
9.56
Diluted operating (non-GAAP)**
$  12.81
$  13.81
Net cash provided by operating activities
$ 14,770
$ 15,247
Capital expenditures, net
$  2,370
$  3,716
Share repurchases
$  1,361
$  4,443
Cash dividends paid on common stock
$  5,707
$  5,666
Per share of common stock
$   6.43
$   6.21
At December 31:
2019
2018
Cash, cash equivalents, restricted cash and marketable securities
$  9,009
$ 12,222
Total assets
$152,186
$123,382
Working capital
$    718
$ 10,918
Total debt
$ 62,899
$ 45,812
Total equity
$ 20,985
$ 16,929
Common shares outstanding (in millions)
887
892
Stock price per common share
$ 134.04
$ 113.67
financial highlights international business machines corporation and subsidiary companies .
* includes charges of $ 0 .
1 billion in 2019 and $ 2 .
0 billion in 2018 associated with u .
s .
tax reform .
* * see page 46 for a reconciliation of net income to operating earnings .

Question: What was the Operating (non-GAAP) earnings in 2019?
Answer: 11,436
For the year ended
2019
2019
2018
2018
2017
2017
CNBU
$4,645
47%
$9,773
64%
$3,755
44%
MBU
2,606
41%
3,033
46%
927
21%
SBU
(386)
(10)%
964
19%
552
12%
EBU
923
29%
1,473
42%
975
36%
All Other
13
18%
—
—%
23
35%
$7,801
$15,243
$6,232
operating income -loss by business unit .
percentages reflect operating income -loss as a percentage of revenue for each business unit .
cnbu operating income for 2019 decreased from 2018 primarily due to declines in pricing and higher r & d costs partially offset by cost reductions .
mbu operating income for 2019 decreased from 2018 primarily due to declines in pricing partially offset by increases in sales of high-value managed nand products and manufacturing cost reductions .
sbu operating margin for 2019 declined from 2018 primarily due to declines in pricing which were partially offset by manufacturing cost reductions and increases in sales volumes .
sbu operating results for 2019 and 2018 were adversely impacted by the underutilization charges at imft .
ebu operating income for 2019 decreased from 2018 as a result of declines in pricing and higher r & d costs partially offset by manufacturing cost reductions and increases in sales volumes .
cnbu operating income for 2018 improved from 2017 primarily due to improved pricing and higher sales volumes resulting from strong demand for our products combined with manufacturing cost reductions .
mbu operating income for 2018 improved from 2017 primarily due to increases in pricing and sales volumes for lpdram products higher sales of high-value managed nand products and manufacturing cost reductions .
sbu operating income for 2018 improved from 2017 primarily due to manufacturing cost reductions enabled by our execution in transitioning to 64-layer tlc 3d nand products and improvements in product mix .
sbu operating income for 2018 was adversely impacted by higher costs associated with imft ' s production of 3d xpoint memory products at less than full capacity .
ebu operating income for 2018 increased as compared to 2017 as a result of increases in average selling prices manufacturing cost reductions and increases in sales volumes partially offset by higher r & d costs .

Question: What is the difference between EBU operating income in 2017 and 2018?
Answer: 498
£m
2018/19
2017/18
Change
Overseas current tax
Current year
1.1
0.8
0.3
Deferred tax
Current period
6.1
(4.1)
10.2
Prior periods
1.7
(8.1)
9.8
– Adjustment to restate opening deferred tax at 17.0%
–
(2.3)
2.3
Income tax credit/ (charge)
8.9
(13.7)
22.6
a tax credit of £ 8 .
9m in the year compared to a £ 13 .
7m charge in the prior year .
this included a deferred tax credit in the current year of £ 6 .
1m largely reflecting the loss before tax reported of £ 42 .
7m and a credit of £ 1 .
7m relating to the adjustment of prior period losses and capital allowances .
a current year tax credit of £ 1 .
1m was in respect of overseas tax .
a deferred tax liability at 30 march 2019 of £ 13 .
5m compared to a liability of £ 12 .
1m at 31 march 2018 .
this movement is primarily due to a slightly higher pensions surplus reported at 30 march 2019 compared to 31 march 2018 reflecting the allowability for tax on pensions contribution payments .
recognised and unrecognised deferred tax assets relating to brought forward losses were approximately £ 44m at 30 march 2019 and equate to around £ 250m of future taxable profits .
the corporation tax rate and deferred tax rate applied in calculations are 19 .
0 % and 17 .
0 % respectively .

Question: What was the corporation tax rate?
Answer: 19.0%
Fiscal Year Ended August 31,
Fiscal Year Ended August 31,
Fiscal Year Ended August 31,
2019
2018
2017
Expected dividend yield
0.6%
0.6%
0.8%
Risk-free interest rate
2.3%
1.4%
0.5%
Expected volatility(1)
28.6%
23.0%
33.0%
Expected life
0.5 years
0.5 years
0.5 years
employee stock purchase plan .
the maximum aggregate number of shares that are available for issuance under the 2011 employee stock purchase plan -the “ espp ” is 12000000 .
employees are eligible to participate in the espp after 90 days of employment with the company .
the espp permits eligible employees to purchase common stock through payroll deductions which may not exceed 10 % of an employee ’ s compensation as defined in the espp at a price equal to 85 % of the fair value of the common stock at the beginning or end of the offering period whichever is lower .
the espp is intended to qualify under section 423 of the internal revenue code .
as of august 31 2019 3397019 shares remained available for issue under the 2011 espp .
the fair value of shares issued under the espp was estimated on the commencement date of each offering period using the black-scholes option pricing model .
the following weighted-average assumptions were used in the model for each respective period : .
-1 the expected volatility was estimated using the historical volatility derived from the company ’ s common stock .

Question: What was the percentage change in Expected dividend yield between 2017 and 2018?
Answer: -0.2
2019
2018
Income tax expense, as reported (GAAP)
$17.3
$94.6
Accumulated foreign earnings assertion 
10.5
—
U.S. Tax Reform
(7.0)
(85.9)
Impact of other special tax items
0.2
(1.1)
Impact of valuation allowance release 
—
3.6
Impact of one-time employee bonus
—
0.3
Income tax expense, as adjusted (non-GAAP) (1)
$21.0
$11.5
income taxes .
income tax expense and effective annual income tax rates for fiscal 2019 and 2018 as well as information as to the effects of the u .
s .
tax reform in fiscal 2018 were as follows -dollars in millions : .
-1 we believe the non-gaap presentation of income tax expense and the effective annual tax rate excluding special tax items the one-time employee bonus and restructuring charges provides additional insight over the change from the comparative reporting periods by isolating the impact of these significant special items .
in addition the company believes that its income tax expense as adjusted and effective tax rate as adjusted enhance the ability of investors to analyze the company ’ s operating performance and supplement but do not replace its income tax expense and effective tax rate calculated in accordance with u .
s .
gaap .
income tax expense for fiscal 2019 was $ 17 .
3 million compared to $ 94 .
6 million for fiscal 2018 .
the decrease is primarily due to the $ 85 .
9 million impact of tax reform that was recorded in fiscal 2018 which was partially offset by an increase in tax expense due to the global intangible low-taxed income provisions - " gilti " of tax reform in fiscal 2019 .
income tax expense also decreased by $ 10 .
5 million in fiscal 2019 as the company reasserted that certain historical undistributed earnings of two foreign subsidiaries will be permanently reinvested based on the expected working capital requirements of these two foreign subsidiaries .
the $ 94 .
6 million of income tax expense recorded during fiscal 2018 included $ 85 .
9 million related to the enactment of tax reform .
included in the fiscal 2018 income tax expense was a $ 3 .
6 million benefit for the valuation allowance released against the net deferred tax assets in the u .
s .
as the company is subject to gilti .

Question: What was the change in the Impact of other special tax items between 2018 and 2019?
Answer: 1.3