FangyuLei/tatqa huggingface dataset:
FOR THE YEAR ENDED DECEMBER 31
2019
2018
Net earnings
3,253
2,973
Add back income taxes
1,133
995
Earnings before income taxes
4,386
3,968
Applicable statutory tax rate
27.0%
27.0%
Income taxes computed at applicable statutory rates
(1,184)
(1,071)
Non-taxable portion of gains (losses) on investments
4
(9)
Uncertain tax positions
15
68
Effect of change in provincial corporate tax rate
27
–
Change in estimate relating to prior periods
14
20
Non-taxable portion of equity losses
(20)
(10)
Previously unrecognized tax benefits
9
–
Other
2
7
Total income taxes
(1,133)
(995)
Average effective tax rate
25.8%
25.1%
4 .
11 income taxes .
the following table reconciles the amount of reported income taxes in the income statements with income taxes calculated at a statutory income tax rate of 27 .
0 % for both 2019 and 2018 .
income taxes in 2019 increased by $ 138 million compared to 2018 mainly due to higher taxable income and a lower value of uncertain tax positions favourably resolved in 2019 compared to 2018 partly offset by a favourable change in the corporate income tax rate in alberta in q2 2019 .

Question: What was the statutory income tax rate used for both 2019 and 2018?
Answer: 27.0%
Fiscal Year Ended
Fiscal Year Ended
Fiscal Year Ended
December 27, 2019 
December 28, 2018 
December 29, 2017
Numerator:
Net income
$24,193
$20,402
$14,366
Add effect of dilutive securities
Interest on convertible notes, net of tax
207
362
536
Adjusted net income
$24,400
$20,764
$14,902
Denominator:
Weighted average basic common shares outstanding
29,532,342
28,703,265
26,118,482
Dilutive effect of stock options and unvested common shares
211,050
270,520
68,670
Dilutive effect of convertible notes
329,946
705,134
1,237,374
Weighted average diluted common shares outstanding
30,073,338
29,678,919
27,424,526
note 3 – net income per share .
reconciliation of net income per common share : .

Question: What is the change in the adjusted net income between 2018 and 2019?
Answer: 3636
2019
2018
Net sales 
$3,164.4
$2,873.5
Cost of sales 
2,872.6
2,615.9
Gross profit 
291.8
257.6
Gross margin 
9.2%
9.0%
Operating income 
142.1
118.3
Operating margin 
4.5%
4.1%
Other expense 
16.1
10.7
Income tax expense
17.3
94.6
Net income 
108.6
13.0
Diluted earnings per share 
$3.50
$0.38
Return on invested capital* 
13.1%
16.1%
Economic return*
4.1%
6.6%
item 7 .
management ’ s discussion and analysis of financial condition and results of operations .
results of operations .
consolidated performance summary .
the following table presents selected consolidated financial data for the indicated fiscal years -dollars in millions except per share data : .
* non-gaap metric ; refer to " return on invested capital - " roic " and economic return " below for more information and exhibit 99 .
1 for a reconciliation .
net sales .
fiscal 2019 net sales increased $ 290 .
9 million or 10 .
1 % as compared to fiscal 2018 .
net sales are analyzed by management by geographic segment which reflects the company ' s reportable segments and by market sector .
management measures operational performance and allocates resources on a geographic segment basis .
the company ’ s global business development strategy is based on our targeted market sectors .

Question: How was net sales analyzed?
Answer: by management by geographic segment, which reflects the Company's reportable segments, and by market sector.
Years Ended October 31,
Years Ended October 31,
Years Ended October 31,
2019
2018
2017
(In thousands) 
(In thousands) 
(In thousands) 
Income taxes at statutory rate
$13,408
$ 7,132
$148,585
Discrete benefit resulting from TCJA 
—
(37,505)
—
State income taxes
1,189
1,014
9,038
State income tax credits 
(2,139)
(804)
(606)
Expiration of state income tax credits 
4,121
4,117
642
Federal income tax credits 
(474)
(460)
(390)
Federal manufacturers deduction 
—
—
(11,527)
Excess tax benefits 
(1,388)
(1,638)
(3,345)
Nondeductible expenses
1,786
1,890
3,506
Change in valuation allowance 
(5,380)
(5,297)
(1,106)
Other 
(570)
677
(12)
Income tax expense (benefit) 
$10,553
$(30,874)
$144,785
at the end of each reporting period the company evaluates all available information at that time to determine if it is more likely than not that some or all of these credits will be utilized .
as of october 31 2019 2018 and 2017 the company determined that a total of $ 1 .
8 million $ 0 .
7 million and $ 0 .
6 million respectively would be recovered .
accordingly those amounts were released from the valuation allowance and benefited deferred tax expense in the respective periods .
the differences between the consolidated effective income tax rate and the federal statutory rate effective during the applicable year presented are as follows : .

Question: What is the Income taxes at statutory rate for fiscal years 2019 and 2018 respectively?
Answer: $13,408 $ 7,132
August 31,
August 31,
August 31,
August 31,
August 31,
2019
2018
2017
2016
2015
(in thousands)
(in thousands)
(in thousands)
(in thousands)
(in thousands)
Consolidated Balance Sheets Data:
Working capital(2)
$(187,020)
$319,050
$(243,910)
$280,325
$191,168
Total assets
$12,970,475
$12,045,641
$11,095,995
$10,322,677
$9,591,600
Current installments of notes payable and long-term debt
$375,181
$25,197
$444,255
$44,689
$321,964
Notes payable and long-term debt, less current installments
$2,121,284
$2,493,502
$1,606,017
$2,046,655
$1,308,663
Total Jabil Inc. stockholders’ equity
$1,887,443
$1,950,257
$2,353,514
$2,438,171
$2,314,856
Common stock shares outstanding
153,520
164,588
177,728
186,998
192,068
item 6 .
selected financial data .
the following selected data is derived from our consolidated financial statements .
this data should be read in conjunction with the consolidated financial statements and notes thereto incorporated into item 8 “ financial statements and supplementary data ” and with item 7 “ management ’ s discussion and analysis of financial condition and results of operations .
” .
-2 working capital is defined as current assets minus current liabilities .

Question: What were the total assets in 2019?
Answer: $12,970,475
December 31, 2019
Gross Cost
Accumulated Amortization
Net Cost
Technologies & licenses
699
(578)
121
Purchased & internally developed software
486
(427)
59
Technologies in progress
119
—
119
Other intangible assets
70
(70)
—
Total
1,374
(1,075)
299
December 31, 2018
Gross Cost
Accumulated Amortization
Net Cost
Technologies & licenses
705
(592)
113
Purchased & internally developed software
459
(404)
55
Technologies in progress
44
—
44
Other intangible assets
69
(69)
—
Total
1,277
(1,065)
212
as described in note 7 the acquisition of norstel resulted in the recognition of technology in process for $ 86 million in the line “ technologies in progress ” .
the line “ technologies in progress ” in the table above also includes internally developed software under construction and software not ready for use .
the amortization expense in 2019 2018 and 2017 was $ 69 million $ 64 million and $ 58 million respectively .

Question: How much was the amortization expense in 2018?
Answer: $64 million
ASSUMPTIONS USED
GROUPS OF CGUs
PERPETUITY GROWTH RATE
DISCOUNT RATE
Bell Wireless
0.8%
9.1%
Bell Wireline
1.0%
6.0%
Bell Media
1.0%
8.0%
impairment testing .
as described in note 2 significant accounting policies goodwill is tested annually for impairment by comparing the carrying value of a cgu or group of cgus to the recoverable amount where the recoverable amount is the higher of fair value less costs of disposal or value in use .
value in use .
the value in use for a cgu or group of cgus is determined by discounting five-year cash flow projections derived from business plans reviewed by senior management .
the projections reflect management ’ s expectations of revenue segment profit capital expenditures working capital and operating cash flows based on past experience and future expectations of operating performance .
cash flows beyond the five-year period are extrapolated using perpetuity growth rates .
none of the perpetuity growth rates exceed the long-term historical growth rates for the markets in which we operate .
the discount rates are applied to the cash flow projections and are derived from the weighted average cost of capital for each cgu or group of cgus .
the following table shows the key assumptions used to estimate the recoverable amounts of the groups of cgus .
the recoverable amounts determined in a prior year for the bell wireless and bell wireline groups of cgus exceed their corresponding current carrying values by a substantial margin and have been carried forward and used in the impairment test for the current year .
we believe that any reasonable possible change in the key assumptions on which the estimate of recoverable amounts of the bell wireless or bell wireline groups of cgus is based would not cause their carrying amounts to exceed their recoverable amounts .
for the bell media group of cgus a decrease of -1 .
1 % in the perpetuity growth rate or an increase of 0 .
8 % in the discount rate would have resulted in its recoverable amount being equal to its carrying value .

Question: What is the percentage for Bell Wireless when discount rate assumption is used?
Answer: 9.1%
December 31,
December 31,
December 31,
(In millions)
2019
2018
Short-term borrowings
$ 98.9
$ 232.8
Current portion of long-term debt
16.7
4.9
Total current debt
115.6
237.7
Total long-term debt, less current portion(1)
3,698.6
3,236.5
Total debt
3,814.2
3,474.2
Less: Cash and cash equivalents
(262.4)
(271.7)
Net debt
$ 3,551.8
$ 3,202.5
outstanding indebtedness .
at december 31 2019 and 2018 our total debt outstanding consisted of the amounts set forth in the following table .
-1 amounts are net of unamortized discounts and debt issuance costs of $ 25 million and $ 24 million as of december 31 2019 and 2018 respectively .
see note 14 “ debt and credit facilities ” of the notes to consolidated financial statements for further details .

Question: What is the Total long-term debt, less current portion for 2019, without accounting for unamortized discounts and debt issuance costs?
Answer: 3673.6
FY19
FY18
Change
$M
$M
%
Statutory measures
Revenue
710.6
639.0
11.2
Profit / (Loss) before taxation
53.6
(41.0)
nm
Net cash flow from operating activities
142.9
147.7
(3.2)
Alternative performance measures2
Billings
760.3
768.6
(1.1)
Cash EBITDA
167.9
199.2
(15.7)
Adjusted operating profit
109.0
58.3
87.0
Unlevered free cash flow
123.8
139.6
(11.3)
the group made an operating profit of $ 60 .
9 million in the year and adjusted operating profit increased by $ 50 .
7 million to $ 109 .
0 million primarily as a result of strong revenue growth .
this year ' s result benefited from a foreign exchange gain of $ 1 .
5 million compared to a foreign exchange loss of $ 6 .
9 million in the prior-year .
the group ’ s profit before taxation increased by $ 94 .
6 million to $ 53 .
6 million from a loss of $ 41 .
0 million in the prior-year primarily as a consequence of the $ 80 .
6 million improvement in operating profit supported by a $ 13 .
4 million reduction in finance expenses .
finance expenses benefited from foreign exchange gains in the current year resulting from the strengthening of both sterling and the euro against the us dollar compared to foreign exchange losses in the prior-year .
the group ’ s profit for the year increased by $ 87 .
8 million to $ 26 .
9 million in the year-ended 31 march 2019 which given only a small increase in the year-on-year income tax charge was primarily attributable to the improvement in the profit before taxation .
cash flow from operating activities remained strong at $ 142 .
9 million reduced by $ 4 .
8 million from $ 147 .
7 million in the prior-year .
the small overall decrease was due to an increase in overheads partially offset by a reduction in the cashflow outflow on exceptional items and an improved use of working capital .
unlevered free cashflow decreased by $ 15 .
8 million to $ 123 .
8 million representing the reduction in net cash flow from operating activities adjusted for the cashflow impact of exceptional items .
the table below presents the group ’ s financial highlights on a reported basis : .
1 restated for the adoption of ifrs 15 and change in accounting policy in respect of research and development expenditure tax credit scheme and provision for interest on uncertain tax positions as explained in note 2 of the financial statements .
2 definitions and reconciliations of non-gaap measures are included in note 5 of the financial statements .

Question: In which year was Billings larger?
Answer: FY18
Years Ended
Years Ended
Years Ended
2019 vs. 2018
2019 vs. 2018
July 27, 2019
July 28, 2018
July 29, 2017
Variance in Dollars
Variance in Percent
Product revenue:
Americas
$22,754
$21,088
$20,487
$1,666
8%
Percentage of product revenue
58.3%
57.5%
57.4%
EMEA
10,246
9,671
9,369
575
6%
Percentage of product revenue
26.3%
26.3%
26.2%
APJC
6,005
5,950
5,849
55
1%
Percentage of product revenue
15.4%
16.2%
16.4%
Total
$39,005
$36,709
$35,705
$2,296
6%
product revenue by segment .
the following table presents the breakdown of product revenue by segment -in millions except percentages : .
amounts may not sum and percentages may not recalculate due to rounding .
americas product revenue in the americas segment increased by 8 % driven by growth in the enterprise public sector and commercial markets .
these increases were partially offset by a product revenue decline in the service provider market .
from a country perspective product revenue increased by 9 % in the united states 26 % in mexico and 6 % in canada partially offset by a product revenue decrease of 1 % in brazil .
emea the increase in product revenue in the emea segment of 6 % was driven by growth in the public sector and enterprise markets partially offset by a decline in the service provider market .
product revenue in the commercial market was flat .
product revenue from emerging countries within emea increased by 9 % and product revenue for the remainder of the emea segment increased by 5 % .
apjc product revenue in the apjc segment increased by 1 % driven by growth in the public sector and enterprise markets partially offset by declines in the service provider and commercial markets .
from a country perspective product revenue increased by 9 % in japan and 5 % in india partially offset by a product revenue decrease of 16 % in china .

Question: What was the change in the product revenue from Americas between 2017 and 2018?
Answer: 601
January 31, 2019
January 31, 2019
January 31, 2018
(in millions)
ASC 606
ASC 605
ASC 605
Deferred revenue
$2,091.4
$2,269.2
$1,955.1
Unbilled deferred revenue
591.0
491.6
326.4
Total deferred revenue
$2,682.4
$2,760.8
$2,281.5
total deferred revenue .
the adoption of asc topic 606 required a change to the definition of unbilled deferred revenue and new qualitative and quantitative disclosures around our performance obligations .
unbilled deferred revenue represents contractually stated or committed orders under early renewal and multi-year billing plans primarily for subscription services and maintenance for which the associated deferred revenue has not been recognized .
under asc topic 606 unbilled deferred revenue is not included as a receivable or deferred revenue on our consolidated balance sheet .
see part ii item 8 note 2 “ revenue recognition ” for more details on autodesk ' s performance obligations .
we expect that the amount of billed and unbilled deferred revenue will change from quarter to quarter for several reasons including the specific timing duration and size of customer subscription and support agreements varying billing cycles of such agreements the specific timing of customer renewals and foreign currency fluctuations .

Question: What is the average deferred revenue from 2018 to 2019 under ASC 605?
Answer: 2112.15
Strategic objective
Strategic objective weighting
Key performance indicator
Key performance indicator weighting
Score = 50%
Score = 100%
Score = 200%
Growth*,**
60%
Sales volume growth
10%
40,0%
100,0%
140,0%
Absolute gross margin
10%
96,8%
100,0%
103,6%
PBIT
40%
98,6%
100,0%
103,6%
Efficiency*,**
10%
Cost savings initiatives
5%
98,6%
100,0%
123,4%
Net working capital
5%
101,2%
100,0%
97,7%
Reduction in execution-related marketplace incidents year-on-year by
People and sustainability*
30%
Quality
10%
10%
15%
20%
Safety (LTIFR)
10%
120,0%
100,0%
80,0%
BBBEE score
10%
Level 7 (60 to 61)
Level 7 (61.1 to 65)
Level 6
group and business unit performance factors .
the underlying values and weightings for each kpi are set and approved by the remuneration committee in advance of each year to determine parameters for the sti in the form of a balanced scorecard .
below is the group sti scorecard for fy19 that applied to the ceo cfo executive directors prescribed officers and other participants : .
* the actual targets have not been provided as they are linked to budget and considered commercially sensitive information .
* * for the key performance indicators within the growth and efficiency strategic objectives the targeted percentages for “ threshold ” “ on-target ” and “ stretch ” as set out above per key performance indicator represent the targeted percentage achievement of the underlying budgeted amounts .

Question: Some strategy has a '*', what does this strategy relate to?
Answer: budget
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: How many years did depreciation from APAC exceed $15,000 thousand instead?
Answer: 3
Year ended December 31,
Year ended December 31,
2018
2019
Research and development expenses
125,280
150,745
Capitalization of development expenses
(49,688)
(60,202)
Amortization of capitalized development expenses
12,039
15,597
Research and development grants and credits
(321)
(49)
Total research and development expenses
87,310
106,091
Impairment of research and development related assets
1,278
4,755
Total
88,588
110,846
note 23 .
expenses by nature .
research and development consists of the following : .
the impairment expenses in 2018 and 2019 are related to customer specific projects .
the company ’ s operations in the netherlands belgium and the united states receive research and development grants and credits from various sources .

Question: What is the  Research and development expenses for 2018?
Answer: 125,280
(dollars in millions)
(dollars in millions)
At December 31,
2019
2018
Projected benefit obligation
$ 21,190
$ 19,510
Accumulated benefit obligation
21,134
19,461
Fair value of plan assets
19,388
17,757
2016 collective bargaining negotiations .
during 2016 we adopted changes to our defined benefit pension plans and other postretirement benefit plans to reflect the agreed upon terms and conditions of the collective bargaining agreements ratified in june 2016 .
the impact includes a net increase to accumulated other comprehensive income of $ 2 .
9 billion -net of taxes of $ 1 .
8 billion .
the amount recorded in accumulated other comprehensive income will be reclassified to net periodic benefit cost on a straight-line basis over the average remaining service period of the respective plans ’ participants which on a weighted-average basis is 12 .
2 years for defined benefit pension plans and 7 .
8 years for other postretirement benefit plans .
the above-noted reclassification resulted in a decrease to net periodic benefit cost and increase to pre-tax income of approximately $ 658 million during 2019 2018 and 2017 respectively .
information for pension plans with an accumulated benefit obligation in excess of plan assets follows : .
information for pension plans with an accumulated benefit obligation in excess of plan assets follows : .

Question: What was the projected benefit obligation in 2019?
Answer: $ 21,190
September 30, 2019
October 1, 2018
Contract assets, current
$2,350
$169
Contract assets, non-current
581
507
Contract liabilities, current
5,612
4,281
Contract liabilities, non-current
736
485
contract balances .
the following table provides information about contract assets and contract liabilities from contracts with customers -amounts in thousands : .
contract assets reported within current assets and other long-term assets in the consolidated balance sheets primarily result from revenue being recognized when a license is delivered and payments are made over time .
contract liabilities primarily relate to advance consideration received from customers deferred revenue for which transfer of control occurs and therefore revenue is recognized as services are provided .
contract balances are reported in a net contract asset or liability position on a contract-by-contract basis at the end of each reporting period .
the company recognized $ 4 .
4 million of revenue during the year ended september 30 2019 that was included in the contract liability balance at the beginning of the period .

Question: What is the total balance of contract assets and liabilities in 2019?
Answer: 9279
2019
2018
2017
Outstanding
4.2
3.6
4.1
Vested and expected to vest
5.0
3.6
4.1
Exercisable
2.1
2.4
2.8
stock options weighted average remaining contractual terms -in years information at december 31 for the years 2019 2018 and 2017 is as follows : .
as of december 31 2019 total unrecognized expense related to non-vested restricted stock unit awards and stock options was $ 45 million and is expected to be recognized over a weighted average period of 1 .
8 years .

Question: In which year was the Exercisable amount the largest?
Answer: 2017