FangyuLei/tatqa huggingface dataset:
£m
Notes
2019
2018
Change
Net rental income
A
401.6
450.5
(48.9)
Administration expenses
B
(40.5)
(44.0)
3.5
Net finance costs
C
(224.6)
(220.4)
(4.2)
Tax on underlying profit
D
(17.6)
(0.7)
(16.9)
Other underlying amounts2
8.3
7.7
0.6
Underlying earnings1
127.2
193.1
(65.9)
Revaluation of investment and development property
E
(1,979.7)
(1,405.0)
(574.7)
Change in fair value of financial instruments
F
(75.3)
86.3
(161.6)
Other finance charges – exceptional
G
(37.7)
(28.4)
(9.3)
Other non-underlying amounts3
14.6
21.8
(7.2)
IFRS loss for the year attributable to owners of intu properties plc1
(1,950.9)
(1,132.2)
(818.7)
IFRS basic loss per share (pence)
(145.1)p
(84.3)p
(60.8)p
Underlying EPS (pence)
9.5p
14.4p
(4.9)p
financial review .
2019 was a challenging year for the retail property sector with the ongoing structural changes and low consumer confidence impacting some weaker retailers and leading to a higher level of cvas and administrations .
this impacted our revenue net rental income and property valuations with like-for-like net rental income down 9 .
1 per cent and the property revaluation deficit was £ 1979 .
7 million .
fixing the balance sheet is our top strategic priority and although the notes accompanying these financial statements indicate a material uncertainty in relation to intu ’ s ability to continue as a going concern we have options including alternative capital structures and further disposals to put us on a stronger financial footing .
1 a reconciliation from the ifrs consolidated income statement to the underlying earnings amounts presented above is provided in presentation of information on page 161 .
2 other underlying amounts includes net other income share of underlying profit in associates and any underlying amounts attributable to non-controlling interests .
3 other non-underlying amounts includes losses on disposal of subsidiaries gains on sale of investment and development property write-down on recognition of joint ventures and other assets classified as held for sale impairment of goodwill impairment of investment in associates impairment of loan to associate exceptional administration expenses exceptional tax and any non-underlying amounts attributable to non-controlling interests .
the ifrs loss for the year attributable to owners of intu properties plc increased by £ 818 .
7 million to £ 1950 .
9 million with the ifrs basic loss per share increasing by 60 .
8 pence .
underlying earnings decreased by £ 65 .
9 million to £ 127 .
2 million with a corresponding reduction in underlying eps of 4 .
9 pence .
the key drivers of these variances are discussed below .

Question: What is the net finance cost in 2019?
Answer: 224.6
Fiscal year
Fiscal year
Fiscal year
(in millions of €, earnings per share in €)
2019
2018
% Change
Digital Industries
2,880
2,898
(1) %
Smart Infrastructure
1,500
1,574
(5) %
Gas and Power
679
722
(6) %
Mobility
983
958
3 %
Siemens Healthineers
2,461
2,221
11 %
Siemens Gamesa Renewable Energy
482
483
0 %
Industrial Businesses
8,986
8,857
1 %
Adjusted EBITA margin Industrial Businesses
10.9 %
11.1 %
Financial Services
632
633
0 %
Portfolio Companies
(71)
(305)
77 %
Reconciliation to Consolidated Financial Statements
(2,028)
(1,135)
(79) %
Income from continuing operations before income taxes
7,518
8,050
(7) %
Income tax expenses
(1,872)
(2,054)
9 %
Income from continuing operations
5,646
5,996
(6) %
Income from discontinued operations, net of income taxes
3
124
(98) %
Net income
5,648
6,120
(8) %
Basic earnings per share
6.41
7.12
(10) %
ROCE
11.1 %
12.6 %
a .
4 .
2 income .
as a result of the development described for the segments income from continuing operations before income taxes declined 7 % .
severance charges for continuing operations were € 619 million of which € 492 million were in industrial businesses .
accordingly adjusted ebita margin industrial businesses excluding severance charges was 11 .
5 % in fiscal 2019 .
in fiscal 2018 severance charges for continuing operations were € 923 million of which € 669 million were in industrial businesses .
the tax rate of 25 % for fiscal 2019 was below the tax rate of 26 % for the prior year benefiting mainly from the reversal of income tax provisions outside germany .
as a result income from continuing operations declined 6 % .
income from discontinued operations net of income taxes in the prior year included positive effects from the release of a provision related to former communications activities .
the decline in basic earnings per share reflects the decrease of net income attributable to shareholders of siemens ag which was € 5174 million in fiscal 2019 compared to € 5807 million in fiscal 2018 partially offset by a lower number of weighted average shares outstanding .
basic earnings per share excluding severance charges was € 6 .
93 .
as expected roce at 11 .
1 % was below the target range set in our siemens financial framework reflecting in particular the effects from portfolio transactions in recent years including the acquisitions of mentor and mendix at digital industries and the merger of siemens ’ wind power business with gamesa corporaci ó n tecnol ó gica s .
a .
that created sgre .
the decline year-over-year was due both to lower income before interest after tax and to higher average capital employed .

Question: What was the average of digital industries in 2019 and 2018?
Answer: 2889
As of December 31,
As of December 31,
As of December 31,
As of December 31,
As of December 31,
2019
2018
2017
2016
2015
(Dollars in millions)
(Dollars in millions)
(Dollars in millions)
(Dollars in millions)
(Dollars in millions)
Net property, plant and equipment(1)
$26,079
26,408
26,852
17,039
18,069
Goodwill(1)(2)
21,534
28,031
30,475
19,650
20,742
Total assets(3)(4)
64,742
70,256
75,611
47,017
47,604
Total long-term debt(3)(5)
34,694
36,061
37,726
19,993
20,225
Total stockholders’ equity
13,470
19,828
23,491
13,399
14,060
selected financial information from our consolidated balance sheets is as follows : .
-1 during 2016 as a result of our then pending sale of a portion of our colocation business and data centers we reclassified $ 1 .
1 billion in net property plant and equipment and $ 1 .
1 billion of goodwill to assets held for sale which is included in other current assets on our consolidated balance sheet .
see note 3 — sale of data centers and colocation business to our consolidated financial statements in item 8 of part ii of this report for additional information .
-2 during 2019 and 2018 we recorded non-cash non-tax-deductible goodwill impairment charges of $ 6 .
5 billion and $ 2 .
7 billion respectively .
-3 in 2015 we adopted both asu 2015-03 “ simplifying the presentation of debt issuance costs ” and asu 2015-17 “ balance sheet classification of deferred taxes ” by retrospectively applying the requirements of the asus to our previously issued consolidated financial statements .
-4 in 2019 we adopted asu 2016-02 “ leases -asc 842 ” by using the non-comparative transition option pursuant to asu 2018-11 .
therefore we have not restated comparative period financial information for the effects of asc 842 .
-5 total long-term debt includes current maturities of long-term debt and finance lease obligations of $ 305 million for the year ended december 31 2016 associated with assets held for sale .
for additional information on our total long-term debt see note 7 — long-term debt and credit facilities to our consolidated financial statements in item 8 of part ii of this report .
for total contractual obligations see “ management ’ s discussion and analysis of financial condition and results of operations — future contractual obligations ” in item 7 of part ii of this report .

Question: Regarding the total assets, what was adopted in 2019?
Answer: ASU 2016-02 “Leases (ASC 842)” by using the non-comparative transition option pursuant to ASU 2018-11
2019
2018
Weighted-average fair value of options granted per share
$8.78
$6.63
Historical volatility
60%
46%
Risk-free interest rate
2.10%
2.84%
Dividend yield
—
—
Expected life in years
3.6
5.7
the company utilized the black-scholes option pricing model to value the stock options .
the company used an expected life as defined under the simplified method which is using an average of the contractual term and vesting period of the stock options .
the risk-free interest rate used for the award is based on the u .
s .
treasury yield curve in effect at the time of grant .
the company accounted for forfeitures as they occur .
the historical volatility was calculated based upon implied volatility of the company ' s historical stock prices .
the fair value of 2019 and 2018 stock options was estimated using the black-scholes option pricing model with the following weighted-average assumptions : .
as of december 31 2019 there was approximately $ 419000 of unrecognized stock-based compensation expense related to outstanding 2019 stock options expected to be recognized over 3 .
4 and approximately $ 418000 of unrecognized stock-based compensation expense related to outstanding 2018 stock options expected to be recognized over 2 .
4 years .
there was no unrecognized stock-based compensation expense relating stock options granted prior to 2018 .

Question: Which model did the company use to value the stock options?
Answer: Black-Scholes option pricing model
2019
2018
2017
Beginning balance, January 1
$2,429
$7,478
$3,532
Additions and adjustments
1,074
1,691
7,680
Write-offs
(2,128)
(6,740)
(3,734)
Ending balance, December 31
$1,375
$2,429
$7,478
allowance for doubtful accounts .
the company bases its allowance for doubtful accounts on its historical collection experience and a review in each period of the status of the then outstanding accounts receivable .
a reconciliation of the beginning and ending amount of allowance for doubtful accounts is as follows -in thousands : .
the company recognized bad debt expense of $ 0 .
5 million $ 0 .
8 million and $ 1 .
4 million for the years ended december 31 2019 2018 and 2017 respectively .

Question: What is the change in additions and adjustments between 2017 and 2018?
Answer: -5989
Year Ended December 31,
Year Ended December 31,
Year Ended December 31,
2019
2018
2017
(dollars in thousands)
(dollars in thousands)
(dollars in thousands)
Sales and marketing
$227,733
$224,635
$240,271
Percent of revenue
39.5%
41.8%
49.9%
sales and marketing .
sales and marketing expenses increased $ 3 .
1 million or 1 % in 2019 as compared to 2018 .
as a percentage of revenue sales and marketing expense decreased by approximately two percentage points resulting from the 2018 reallocation increased cost efficiency and leverage realized from changes to our sales commission plans as we continued our efforts to strategically scale our sales teams and improve their productivity .
sales and marketing expenses decreased $ 15 .
6 million or 7 % in 2018 as compared to 2017 .
as a percentage of revenue sales and marketing expense decreased by approximately eight percentage points primarily resulting from a combination of increased cost efficiency reduction in headcount as part of our restructuring activities and leverage realized from changes to our sales commission plans as we continued our efforts to strategically scale our sales teams and improve their productivity .

Question: Why did sales and marketing expenses increase between 2018 and 2019?
Answer: the 2018 Reallocation, increased cost efficiency, and leverage realized from changes to our sales commission plans as we continued our efforts to strategically scale our sales teams and improve their productivity
Stock Vested During 2019
Name
Number of Shares Acquired on Vesting(1)
Value Realized on Vesting(2)
Mr. Storey
1,063,929
$13,479,617
Mr. Dev
55,490
749,737
Mr. Goff
114,167
1,338,934
Mr. Trezise
71,576
812,600
Mr. Andrews
16,678
221,859
vesting of equity awards during 2019 .
the following table provides details regarding the equity awards held by our named executives that vested during 2019 .
restricted stock and restricted stock units were the only equity awards held by our named executives during 2019 .
-1 represents both time-vested and performance-based equity awards that vested during 2019 .
for details on the payout of our performance-based equity awards please see “ compensation discussion and analysis — our 2019 compensation program and components of pay — grants of long term incentive compensation — long term incentive performance updates ” and “ — our compensation philosophy objectives and linkage to corporate strategy — overview of pay elements and linkage to compensation philosophy and corporate strategy .
” .
-2 based on the closing trading price of the common shares on the applicable vesting date .

Question: What does the number of shares acquired on vesting represent?
Answer: both time-vested and performance-based equity awards that vested during 2019.
$ million
2019
%
2018
%
Networks & Security
232.3
72.6
205.3
72.0
Lifecycle Service Assurance
88.6
79.7
87.9
77.9
Connected Devices
47.7
65.8
51.3
64.9
368.6
73.2
344.5
72.2
gross margin .
the group achieved further gross margin expansion in 2019 with an increase of 1 .
0 percentage points to 73 .
2 per cent from 72 .
2 per cent in 2018 .
this followed an increase of 0 .
7 percentage points last year .
once again all the operating segments achieved an improvement in gross margin benefiting from new product launches and a higher proportion of software sales .

Question: Which operating segments in the table achieved an improvement in gross margin?
Answer: Networks & Security Lifecycle Service Assurance Connected Devices
Reported change
Other activity (including M&A)
Foreign exchange
Organic* change
%
pps
pps
%
Revenue – Europe
(1.9)
4.1
0.8
3.0
Service revenue
Germany
2.6
–
–
2.6
Italy
1.0
0.2
–
1.2
UK
(8.1)
0.1
4.5
(3.5)
Spain
1.8
0.3
–
2.1
Other Europe
(19.6)
22.9
(0.4)
2.9
Europe
(3.9)
4.0
0.8
0.9
Adjusted EBITDA
Germany
10.9
(0.1)
(0.1)
10.7
Italy
4.5
0.1
–
4.6
UK
45.4
(1.2)
7.6
51.8
Spain
4.4
0.6
–
5.0
Other Europe
(18.8)
26.8
(0.3)
7.7
Europe
7.3
5.1
0.6
13.0
Europe adjusted operating profit
53.2
34.8
(1.7)
86.3
european revenue decreased by 1 .
9 % .
foreign exchange movements contributed a 0 .
8 percentage point negative impact and the deconsolidation of vodafone netherlands contributed a 4 .
1 percentage point negative impact offset by 3 .
0 % organic growth .
service revenue increased by 0 .
9 % * or 0 .
6 % * excluding a legal settlement in germany in q4 driven by strong fixed customer growth and the benefit of the group ’ s “ more-for-more ” mobile propositions in several markets which offset increased regulatory headwinds following the implementation of the eu ’ s “ roam like at home ” policy in june and the impact of the introduction of handset financing in the uk .
excluding regulation and uk handset financing as well as a legal settlement in germany in q4 service revenue growth was 2 .
0 % * -q3 : 1 .
9 % * q4 : 1 .
7 % * .
adjusted ebitda increased 7 .
3 % including a 5 .
1 percentage point negative impact from the deconsolidation of vodafone netherlands and a 0 .
6 percentage point negative impact from foreign exchange movements .
on an organic basis adjusted ebitda increased 13 .
0 % * supported by the benefit of the introduction of handset financing in the uk regulatory settlements in the uk and a legal settlement in germany .
excluding these items as well as the net impact of roaming adjusted ebitda grew by 7 .
9 * reflecting operating leverage and tight cost control through our “ fit for growth ” programme .
adjusted ebit increased by 86 .
3 % * reflecting strong adjusted ebitda growth and stable depreciation and amortisation expenses .

Question: Between Germany and Italy, which one has a higher organic change?
Answer: Germany
Years Ended December 31,
Years Ended December 31,
Years Ended December 31,
2019
2018
2017
(Dollars in millions)
(Dollars in millions)
(Dollars in millions)
Balance at beginning of year
$190
115
95
Accretion expense
11
10
6
Liabilities assumed in acquisition of Level 3(1)
—
58
45
Liabilities settled
(14)
(14)
(3)
Liabilities transferred to Cyxtera
—
—
(20)
Change in estimate
10
21
(8)
Balance at end of year
$197
190
115
asset retirement obligations .
at december 31 2019 our asset retirement obligations balance was primarily related to estimated future costs of removing equipment from leased properties and estimated future costs of properly disposing of asbestos and other hazardous materials upon remodeling or demolishing buildings .
asset retirement obligations are included in other long-term liabilities on our consolidated balance sheets .
as of the level 3 acquisition date we recorded liabilities to reflect our fair values of level 3 ’ s asset retirement obligations .
our fair value estimates were determined using the discounted cash flow method .
the following table provides asset retirement obligation activity : .
-1 the liabilities assumed during 2018 relate to purchase price adjustments during the year .
the 2019 2018 and 2017 change in estimates are offset against gross property plant and equipment .

Question: What do the liabilities assumed in acquisition of Level 3 during 2018 relate to?
Answer: purchase price adjustments during the year
Quarter Ended
December 31, 2019
September 30, 2019
June 30, 2019
March 31, 2019
Sales, net
$  338,268
$  175,127
$ 134,810
$ 140,743
Gross Profit
$112,295
$73,491
$64,126
$65,740
Restructuring Expense
$1,418
$152
$1,795
$1,673
Operating income
$22,202
$9,390
$11,005
$11,791
Income from continuing operations, net of income taxes
$  10,479
$  7,256
$ 23,373
$ 15,387
Loss (income) from discontinued operations, net of income taxes
$  (210)
$  375
$ 8,324
$ (9)
Net Income
$  10,269
$  7,631
$ 31,697
$ 15,378
Income from continuing operations attributable to noncontrolling interest
$  5
$  10
$ 11
$ 8
Net income attributable to Advanced Energy Industries, Inc.
$  10,264
$  7,621
$ 31,686
$ 15,370
Earnings (Loss) Per Share:
Continuing Operations:
Basic earnings per share
$  0.27
$  0.19
$ 0.61
$ 0.40
Diluted earnings per share
$  0.27
$  0.19
$ 0.61
$ 0.40
Discontinued Operations:
Basic loss per share
$  (0.01)
$  0.01
$ 0.22
$ —
Diluted loss per share
$  (0.01)
$  0.01
$ 0.22
$ —
Net Income:
Basic earnings per share
$  0.27
$  0.20
$ 0.83
$ 0.40
Diluted earnings per share
$  0.27
$  0.20
$ 0.82
$ 0.40
advanced energy industries inc .
notes to consolidated financial statements – -continued -in thousands except per share amounts .
note 23 .
supplemental quarterly financial data -unaudited .
the following tables present unaudited quarterly results for each of the eight quarters in the periods ended december 31 2019 and 2018 in thousands .
we believe that all necessary adjustments have been included in the amounts stated below to present fairly such quarterly information .
due to the volatility of the industries in which our customers operate the operating results for any quarter are not necessarily indicative of results for any subsequent period .

Question: Why are the operating results for any quarter not necessarily indicative of results for any subsequent period?
Answer: volatility of the industries in which our customers operate
€ million
€ million
2019
2018
(Restated)(a)
Underlying profit attributable to shareholders’ equity(b)
6,688
6,345
Impact of translation from current to constant exchange rates and translational hedges
13
46
Impact of price growth in excess of 26% per year in hyperinflationary economies(c)
(108)
(10)
Constant underlying earnings attributable to shareholders’ equity
6,593
6,381
Diluted combined average number of share units (millions of units)
2,626.7
2,694.8
Constant underlying EPS (€)
2.51
2.37
constant underlying earnings per share .
constant underlying earnings per share -constant underlying eps is calculated as underlying profit attributable to shareholders ’ equity at constant exchange rates and excluding the impact of both translational hedges and price growth in excess of 26 % per year in hyperinflationary economies divided by the diluted average number of ordinary share units .
this measure reflects the underlying earnings for each ordinary share unit of the group in constant exchange rates .
the reconciliation of underlying profit attributable to shareholders ’ equity to constant underlying earnings attributable to shareholders ’ equity and the calculation of constant underlying eps is as follows : .
-a restated following adoption of ifrs 16 .
see note 1 and note 24 for further details .
-b see note 7 .
-c see pages 28 and 29 for further details .

Question: What is the percentage increase Underlying profit attributable to shareholders’ equity from 2018 to 2019?
Answer: 5.41
Fiscal
Fiscal
Fiscal
Fiscal
2019
2019
2018
2018
($ in millions)
($ in millions)
($ in millions)
($ in millions)
Transportation Solutions
$  7,821
58 %
$ 8,290
59 %
Industrial Solutions
3,954
30
3,856
28
Communications Solutions
1,673
12
1,842
13
Total
$ 13,448
100 %
$ 13,988
100 %
net sales .
the following table presents our net sales and the percentage of total net sales by segment : .

Question: What was the total net sales in 2019?
Answer: $ 13,448
July 31, 2019 
July 31, 2018
Prepaid expenses
$2,640
$2,476
Contract costs
23,375
—
Deferred costs
8,867
9,377
Strategic investments
10,672
10,672
Other assets
$45,554
22,525
other assets .
other assets consist of the following -in thousands : .
the company ’ s other assets includes a strategic equity investment in a privately-held company .
the strategic investment is a non-marketable equity security in which the company does not have a controlling interest or the ability to exert significant influence .
this investment does not have a readily determinable market value .
the company records this strategic investment at cost less impairment and adjusts cost for subsequent observable price changes .
during the years ended july 31 2019 and 2018 there were no changes in the investment ’ s carrying value of $ 10 .
7 million .

Question: What was the investment's carrying value in 2019?
Answer: $10.7 million
2019
2018
Cash flows provided by operating activities
$115.3
$66.8
Payments for property, plant and equipment
(90.6)
(62.8)
Free cash flow
24.7
4.0
free cash flow .
we define free cash flow - " fcf " a non-gaap financial measure as cash flow provided by operations less capital expenditures .
fcf was $ 24 .
7 million for fiscal 2019 compared to $ 4 .
0 million for fiscal 2018 an increase of $ 20 .
7 million .
non-gaap financial measures including fcf are used for internal management assessments because such measures provide additional insight to investors into ongoing financial performance .
in particular we provide fcf because we believe it offers insight into the metrics that are driving management decisions .
we view fcf as an important financial metric as it demonstrates our ability to generate cash and can allow us to pursue opportunities that enhance shareholder value .
fcf is a non-gaap financial measure that should be considered in addition to not as a substitute for measures of our financial performance prepared in accordance with gaap .
a reconciliation of fcf to our financial statements that were prepared using gaap follows -in millions : .

Question: What was the change in Payments for property, plant and equipment between 2018 and 2019?
Answer: -27.8
2019
2018
2017
(in thousands)
(in thousands)
(in thousands)
Components of Net Periodic Postretirement Benefit
Cost (income):
Service cost
$41
$39
$34
Interest cost
347
196
201
Amortization of prior service credit
(191)
(373)
(496)
Net actuarial loss
717
25
398
Special termination benefits
—
3,708
591
Total net periodic postretirement benefit cost
914
3,595
728
Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income:
Prior service cost
—
—
—
Reversal of amortization items:
Prior service credit
191
373
496
Total recognized in other comprehensive income
191
373
496
Total recognized in net periodic postretirement cost and other comprehensive income
$1,105
$3,968
$1,224
expense .
for the years ended december 31 2019 2018 and 2017 teradyne ’ s net periodic postretirement benefit cost -income was comprised of the following : .

Question: What was the percentage change in service cost in 2018 from 2017?
Answer: 14.71