FangyuLei/tatqa huggingface dataset:
($ in millions)
($ in millions)
($ in millions)
($ in millions)
For the year ended December 31:
2019
2018
Yr.-to-Yr Percent/ Margin Change
Systems
External Systems Hardware gross profit
$2,622
$2,590
1.2%
External Systems Hardware gross profit margin
44.3%
40.7%
3.6pts.
External Operating Systems Software gross profit
$1,412
$1,412
0.0%
External Operating Systems Software gross profit margin
83.8%
84.5%
(0.7)pts.
External total gross profit
$4,034
$4,002
0.8%
External total gross profit margin
53.1%
49.8%
3.2pts.
Pre-tax income
$701
$904
(22.4)%
Pre-tax margin
8.4%
10.2%
(1.8)pts.
the systems gross profit margin increased 3 .
2 points to 53 .
1 percent in 2019 compared to the prior year .
the increase was driven by actions taken in 2018 to better position the cost structure over the longer term a mix to ibm z hardware and operating systems and margin improvement in storage systems .
pre-tax income of $ 701 million declined 22 .
4 percent and pre-tax margin of 8 .
4 percent decreased 1 .
8 points year to year driven by the declines in power systems and storage systems revenue and the continued investment in innovation across the systems portfolio mitigated by the benefit from the new hardware launches in the second-half 2019 .

Question: What is the increase / (decrease) in the External Operating Systems Software gross profit from 2018 to 2019?
Answer: 0
Top Ten Shareholders*
Shareholding at the beginning of the year April 1, 2018
Shareholding at the beginning of the year April 1, 2018
Cumulative shareholding at end of the year March 31, 2019
Cumulative shareholding at end of the year March 31, 2019
No. of shares
% of total shares of the Company
No. of shares
% of total shares of the Company
1. Life Insurance Corporation of India
75,384,947
3.9
152,493,927
4.1
2. SBI Mutual Fund
7,056,720
0.4
21,680,561
0.6
3. First State Investments Icvc- Stewart Investors Asia Pacific Leaders Fund
15,054,489
0.8
19,248,438
0.5
4. Government of Singapore
6,497,754
0.3
18,028,475
0.5
5.Oppenheimer Developing Markets Fund
7,996,009
0.4
16,731,906
0.5
6.ICICI Prudential Life Insurance Company Ltd
3,886,141
0.2
16,139,316
0.4
7.Axis Mutual Fund Trustee Limited
4,055,256
0.2
15,244,614
0.4
8.Abu Dhabi Investment Authority
6,296,384
0.3
15,036,984
0.4
9. Vanguard Emerging Markets Stock Index Fund, A Series of Vanguard International Equity Index Funds
7,595,080
0.4
14,112,213
0.4
10. Vanguard Total International Stock Index Fund
6,179,273
0.3
13,978,944
0.4
iv shareholding pattern of top ten shareholders -other than directors promoters and holder of gdrs and adrs : .
* the shares of the company are traded on daily basis and hence the datewise increase / decrease in shareholding is not indicated .
shareholding is consolidated based on permanent account number -pan of the shareholder .

Question: Based on the percentage shareholding of Life Insurance Corporation of India, what is the total number of shares outstanding at the beginning of the year, April 1 2018?
Answer: 1932947358.97
2019
2018
2018-2019 Change
(in millions)
(in millions)
(in millions)
Semiconductor Test
$417.0
$397.6
$19.4
System Test
93.5
48.9
44.6
Wireless Test
35.6
29.1
6.5
Industrial Automation
(5.9)
7.7
(13.6)
Corporate and Other (1)
(14.4)
(15.4)
1.0
$525.8
$467.8
$58.0
income -loss before income taxes .
-1 included in corporate and other are the following : contingent consideration adjustments investment impairment pension and postretirement plans actuarial -gains and losses interest -income and expense net foreign exchange -gains and losses intercompany eliminations and acquisition related charges .
the increase in income before income taxes in semiconductor test from 2018 to 2019 was driven primarily by an increase in semiconductor tester sales for 5g infrastructure and image sensors partially offset by a decrease in sales in the automotive and analog test segments .
the increase in income before income taxes in system test from 2018 to 2019 was primarily due to higher sales in storage test of 3 .
5 ” hard disk drive testers higher sales in defense / aerospace test instrumentation and systems and higher sales in production board test from higher 5g demand .
the increase in income before income taxes in wireless test from 2018 to 2019 was primarily due to higher demand for millimeter wave and cellular test products driven by new wireless standards and 5g partially offset by lower sales in connectivity test products and services .
the decrease in income before income taxes in industrial automation from 2018 to 2019 was due primarily to higher sales and marketing and engineering spending .

Question: What are the segments considered under income (loss) before income taxes in the table?
Answer: Semiconductor Test System Test Wireless Test Industrial Automation Corporate and Other
Fiscal
Fiscal
Fiscal
2019
2018
2017
Beginning balance
$40,220
$36,149
$15,949
Additions related to current period sales
52,271
58,865
41,365
Warranty costs incurred in the current period
(54,538)
(51,935)
(31,825)
Accruals resulting from acquisitions
21
179
14,314
Adjustments to accruals related to foreign exchange and other
(1,514)
(3,038)
(3,654)
Ending balance
$36,460
$40,220
$36,149
warranty reserves .
we provide warranties on the majority of our product sales and reserves for estimated warranty costs are recorded during the period of sale .
the determination of such reserves requires us to make estimates of product return rates and expected costs to repair or replace the products under warranty .
we currently establish warranty reserves based on historical warranty costs for each product line .
the weighted average warranty period covered is approximately 15 to 18 months .
if actual return rates and / or repair and replacement costs differ significantly from our estimates adjustments to cost of sales may be required in future periods .
components of the reserve for warranty costs during fiscal 2019 2018 and 2017 were as follows -in thousands : .

Question: In which year was the Ending balance the largest?
Answer: 2018
2019
Restated 2018
Restated 2018
£m
£m
% change
Employee costs (see note 7 to the consolidated financial statements)
56.0
54.5
3%
Average number of employees (see note 6 to the consolidated financial statements)
802
822
3%
Revenue (see Consolidated income statement)
355.1
330.1
8%
Operating profit
243.7
221.3
10%
Dividends paid and proposed and share buybacks (see notes 26 and 27 to the consolidated financial statements)
156.4
152.8¹
2%
relative importance of the spend on pay .
the following table shows the group ’ s actual spend on pay for all employees compared to distributions to shareholders .
the average number of employees has also been included for context .
revenue and operating profit have also been disclosed as these are two key measures of group performance .
1 2018 comparatives have been restated to reflect the adoption of ifrs 9 ifrs 15 and ifrs 16 and to include share buybacks .

Question: What does the table in the context show?
Answer: the Group’s actual spend on pay for all employees compared to distributions to shareholders
For the Years Ended December 31,
For the Years Ended December 31,
For the Years Ended December 31,
2019
2018
2017
(in thousands)
(in thousands)
(in thousands)
Domestic
$(22,708)
$29,110
$17,120
Foreign
—
(320)
(469)
$(22,708)
$28,790
$16,651
note 13 – income tax .
the domestic and foreign components of loss before income taxes from operations for the years ended december 31 2019 2018 and 2017 are as follows : .

Question: What is the average income before tax in 2017 and 2018?
Answer: 22720.5
Number of Shares
Weighted Average Grant Date Fair Value
Nonvested at December 31, 2018
213,337
$20.21
Vested
-106,610
20.17
Forfeited
-13,885
20.64
Nonvested at December 31, 2019
92,842
$20.13
restricted share awards .
during the years ended december 31 2017 pursuant to the company ’ s 2016 incentive plan and 2005 incentive plan the company granted rsas .
the awards have requisite service periods of three years and vest in increments of 33 % on the anniversary of the grant dates .
under each arrangement shares are issued without direct cost to the employee .
rsas granted to our board vest one year from grant or as of the next annual shareholders meeting whichever is earlier .
the company estimates the fair value of the rsas based upon the market price of the company ’ s stock at the date of grant .
the rsa grants provide for the payment of dividends on the company ’ s common stock if any to the participant during the requisite service period and the participant has voting rights for each share of common stock .
the company recognizes compensation expense for rsas on a straight-line basis over the requisite service period .
a summary of nonvested rsas is as follows : .
during the year ended december 31 2019 a total of 106610 rsas vested .
the company withheld 32371 of those shares to pay the employees ’ portion of the minimum payroll withholding taxes .

Question: What was the difference in Weighted Average Grant Date Fair Value between Vested and Forfeited shares?
Answer: 0.47
(In thousands)
U.S. Dollar Equivalent at June 30, 2019
U.S. Dollar Equivalent at June 30, 2018
Euro
$120,417
$120,346
British Pound
33,703
31,211
Canadian Dollar
12,635
24,590
Swiss Franc
56,776
52,652
Other foreign currencies
105,273
117,459
Total cash and cash equivalents denominated in foreign currencies
328,804
346,258
U.S. dollar
612,205
336,684
Total cash and cash equivalents
$941,009
$682,942
foreign currency translation risk .
our reporting currency is the u .
s .
dollar .
fluctuations in foreign currencies impact the amount of total assets and liabilities that we report for our foreign subsidiaries upon the translation of these amounts into u .
s .
dollars .
in particular the amount of cash and cash equivalents that we report in u .
s .
dollars for a significant portion of the cash held by these subsidiaries is subject to translation variance caused by changes in foreign currency exchange rates as of the end of each respective reporting period -the offset to which is recorded to accumulated other comprehensive income on our consolidated balance sheets .
the following table shows our cash and cash equivalents denominated in certain major foreign currencies as of june 30 2019 -equivalent in u .
s .
dollar : .
if overall foreign currency exchange rates in comparison to the u .
s .
dollar uniformly weakened by 10 % the amount of cash and cash equivalents we would report in equivalent u .
s .
dollars would decrease by approximately $ 32 .
9 million -june 30 2018 — $ 34 .
6 million assuming we have not entered into any derivatives discussed above under " foreign currency transaction risk " .

Question: What is the average annual fiscal year Total cash and cash equivalents?
Answer: 811975.5
` crore
FY 2019
% of Revenue
% Growth
FY 2018
% of Revenue
Revenue
146,463
100.0
19.0
123,104
100.0
Earnings before interest, tax, depreciation and amortization (before other income)
39,506
27.0
21.5
32,516
26.4
Profit Before Tax (PBT)
41,563
28.4
21.9
34,092
27.7
Profit after tax attributable to shareholders of the Company
31,472
21.5
21.9
25,826
21.0
Earnings per share (in `)
83.05
-
23.8
67.10
-
5 .
0 fy 2019 financial performance and analysis .
the discussions in this section relate to the consolidated rupee-denominated financial results pertaining to the year that ended march 31 2019 .
the financial statements of tata consultancy services limited and its subsidiaries -collectively referred to as ‘ tcs ’ or ‘ the company ’ are prepared in accordance with the indian accounting standards -referred to as ‘ ind as ’ prescribed under section 133 of the companies act 2013 read with the companies -indian accounting standards rules as amended from time to time .
significant accounting policies used in the preparation of the financial statements are disclosed in the notes to the consolidated financial statements .
the following table gives an overview of the consolidated financial results of the company : .
* eps is adjusted for bonus issue .

Question: What is the percentage growth in revenue from FY 2018 to FY 2019?
Answer: 19.0
2019
2018
$000
$000
Short-term employee benefits
3,540.9
3,842.1
Share-based payment
1,982.7
664.6
5,523.6
4,506.7
remuneration of key management personnel .
the remuneration of the directors who are the key management personnel of the group is set out below in aggregate for each of the categories specified in ias 24 ‘ related party disclosures ’ : .
no director received compensation for loss of office -2018 nil .
there were gains of $ 2010731 -2018 $ 852742 on the exercise of options by key management personnel in 2019 .
for further details refer to the report on directors ’ remuneration on pages 77 to 101 .

Question: What is the share-based payment for 2019?
Answer: 1,982.7
Fiscal
Fiscal
Fiscal
2019
2019
2018 (1)
Operating Income
Operating Margin
Operating Income
Operating Margin
Increase (Decrease)
(in millions of U.S. dollars)
Communications, Media & Technology
$1,555
18%
$1,380
17%
$175
Financial Services
1,238
15
1,365
16
(128)
Health & Public Service
739
10
766
11
(27)
Products
1,720
14
1,664
15
56
Resources
1,053
16
724
12
330
TOTAL
$6,305
14.6%
$5,899
14.4%
$406
operating income and operating margin .
operating income for fiscal 2019 increased $ 406 million or 7 % over fiscal 2018 .
operating income and operating margin for each of the operating groups were as follows : .
amounts in table may not total due to rounding .
-1 effective september 1 2018 we adopted fasb asu no .
2017-07 compensation-retirement benefits -topic 715 : improving the presentation of net periodic pension cost and net periodic postretirement benefit cost .
certain components of pension service costs were reclassified from operating expenses to non-operating expenses .
prior period amounts have been revised to conform with the current period presentation .

Question: What is the total operating margin from financial services and products in 2019?
Answer: 29
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: What was the change in the gross profit between 2018 and 2019?
Answer: 34.2
Fiscal
Fiscal
2019
2018
Cash and cash equivalents
$305,833
$310,495
Short-term investments
120
120
Working capital
854,507
865,664
additional sources of cash available to us were international currency lines of credit and bank credit facilities totaling $ 26 .
0 million as of september 28 2019 of which $ 20 .
8 million was unused and available .
these unsecured international credit facilities were used in europe and japan during fiscal 2018 .
as of september 28 2019 we had utilized $ 5 .
2 million of the international credit facilities as guarantees in europe .
our ratio of current assets to current liabilities increased to 4 .
6 : 1 at september 28 2019 compared to 3 .
3 : 1 at september 29 2018 .
the increase in our ratio was primarily due to lower income taxes payable partially offset by decreases in our ratio due to lower accounts receivable and inventories .
our cash and cash equivalents short-term investments and working capital are as follows -in thousands : .

Question: In which year was Cash and cash equivalents larger?
Answer: 2018
CONSOLIDATED
JUN 2019 $’000
JUN 2018 $’000
Revenue
426
1,208
Expenses
(1,035)
(989)
Operating income
(609)
219
Interest revenue
5
9
Impairment of other intangible assets
(603)
(16,902)
Profit/(loss) before tax from discontinued operations
(1,207)
(16,674)
Tax benefit/(expense) related to current pre-tax loss
(1,150)
(55)
Post-tax profit/(loss) of  discontinued operations
(2,357)
(16,729)
6 .
3 changes in group structure .
discontinued operations .
on 21 december 2018 the group executed a share sale agreement to sell infochoice pty ltd a wholly owned subsidiary .
at 30 june 2019 infochoice pty ltd was classified as a discontinued operation .
the business of infochoice pty ltd represented the group ’ s financial services and products comparison operating segment .
with infochoice pty ltd being classified as a discontinued operation its operating results are no longer presented in the segment note .
the sale of infochoice pty ltd was completed on 18 february 2019 .
the results of infochoice pty ltd for the period are presented below : .

Question: What is the percentage change in the revenue from 2018 to 2019?
Answer: -64.74
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 average adjusted net income from 2017-2019?
Answer: 20022
Payments due by period
Payments due by period
Payments due by period
Payments due by period
Total
2020
2021-2022
2023-2024
2025-beyond
Long-term debt, including interest
$111,586
$2,807
$5,876
$102,903
$—
Operating lease payments
37,610
4,467
8,764
7,813
16,566
Retirement obligations
6,447
757
1,429
1,328
2,933
Total
$155,643
$8,031
$16,069
$112,044
$19,499
contractual obligations .
our contractual obligations as of december 31 2019 were : .
we have no off-balance sheet arrangements that have a material current effect or are reasonably likely to have a material future effect on our financial condition or changes in our financial condition .
management believes that existing capital resources and funds generated from operations are sufficient to finance anticipated capital requirements .

Question: What were the total contractual obligations?
Answer: 155,643
(in millions)
Payment Due by Period
Payment Due by Period
Payment Due by Period
Payment Due by Period
Total
Less than 1 year
1-3 years
3-5 years
More than 5 years
Term Loan and Notes, including interest
$4,373.3
$3,227.0
$65.0
$65.0
$1,016.3
Operating lease obligations, net
711.5
88.7
158.0
126.9
337.9
Purchase obligations
2,036.5
545.0
935.8
555.7
—
Total
$7,121.3
$3,860.7
$1,158.8
$747.6
$1,354.2
contractual obligations .
the following table summarizes our contractual obligations as of november 29 2019 : .
as of november 29 2019 our term loan ’ s carrying value was $ 2 .
25 billion .
at our election the term loan will bear interest at either -i the london interbank offered rate - “ libor ” plus a margin based on our debt ratings ranging from 0 .
500 % to 1 .
000 % or -ii a base rate plus a margin based on our debt ratings ranging from 0 .
040 % to 0 .
110 % .
interest is payable periodically in arrears at the end of each interest period we elect .
based on the libor rate at november 29 2019 our estimated maximum commitment for interest payments was $ 23 .
2 million for the remaining duration of the term loan .
as of november 29 2019 the carrying value of our notes payable was $ 1 .
89 billion .
interest on our notes is payable semi-annually in arrears on february 1 and august 1 .
at november 29 2019 our maximum commitment for interest payments was $ 200 .
1 million for the remaining duration of our notes .
our term loan and revolving credit agreement contain similar financial covenants requiring us not to exceed a maximum leverage ratio .
as of november 29 2019 we were in compliance with this covenant .
we believe this covenant will not impact our credit or cash in the coming fiscal year or restrict our ability to execute our business plan .
our senior notes do not contain any financial covenants .
under the terms of our term loan and revolving credit agreement we are not prohibited from paying cash dividends unless payment would trigger an event of default or if one currently exists .
we do not anticipate paying any cash dividends in the foreseeable future .

Question: What portion of term loan and notes, including interest have payment due more than 5 years?
Answer: 23.24
Year Ended December 31,
Year Ended December 31,
Change
Change
2019
2018
$
%
(dollars in thousands)
(dollars in thousands)
(dollars in thousands)
(dollars in thousands)
General and administrative
$ 46,820
$ 31,462
$ 15,358
48.8%
% of revenue
23%
21%
general and administrative expense .
general and administrative expense increased by $ 15 .
4 million in 2019 compared to 2018 .
the increase was primarily due to a $ 9 .
8 million increase in employee-related costs which includes stock-based compensation associated with our increased headcount from 89 employees as of december 31 2018 to 113 employees as of december 31 2019 .
there was an additional increase of $ 3 .
7 million in depreciation and amortization $ 0 .
8 million to support compliance as a public company a $ 0 .
6 million increase in office related expenses to support the administrative team and an increase of $ 0 .
2 million in software subscription costs .

Question: What was the increase in the cost of depreciation and amortization from 2018 to 2019?
Answer: $3.7 million
($ 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 does Net Income include?
Answer: Includes charges of $0.1 billion in 2019 and $2.0 billion in 2018 associated with U.S. tax reform.