aveni-ai/aveni-bench-tat-qa huggingface dataset:
Note 13. Investments Held in Rabbi Trust The mutual funds held in the rabbi trust were 66% equity-based and 34% debt-based as of December 31, 2019. Net investment income (losses), included in “Other income (expense), net” in the accompanying Consolidated Statements of Operations consisted of the following (in thousands):

Years Ended December 31,

2019	2018	2017

Net realized gains (losses) from sales of trading securities	$143	$10	$195

Dividend and interest income	419	635	422

Net unrealized holding gains (losses)	1,817	(1,512)	1,002

$2,379	$(867)	$1,619

Question: What was the change in Dividend and interest income in 2018 from 2017?
Answer: 213
Note 13. Investments Held in Rabbi Trust The mutual funds held in the rabbi trust were 66% equity-based and 34% debt-based as of December 31, 2019. Net investment income (losses), included in “Other income (expense), net” in the accompanying Consolidated Statements of Operations consisted of the following (in thousands):

Years Ended December 31,

2019	2018	2017

Net realized gains (losses) from sales of trading securities	$143	$10	$195

Dividend and interest income	419	635	422

Net unrealized holding gains (losses)	1,817	(1,512)	1,002

$2,379	$(867)	$1,619

Question: What was the percentage change in Dividend and interest income in 2018 from 2017?
Answer: 50.47
AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed) 2018 Transactions During the year ended December 31, 2019, the allocation of the final purchase price for the acquisition of Idea Cellular Infrastructure Services Limited was finalized with no material post-closing adjustments. During the year ended December 31, 2019, there were no material post-closing adjustments that impacted other 2018 acquisitions. Pro Forma Consolidated Results (Unaudited) The following table presents the unaudited pro forma financial results as if the 2019 acquisitions had occurred on January 1, 2018 and the 2018 acquisitions had occurred on January 1, 2017. The pro forma results do not include any anticipated cost synergies, costs or other integration impacts. Accordingly, such pro forma amounts are not necessarily indicative of the results that actually would have occurred had the transactions been completed on the dates indicated, nor are they indicative of the future operating results of the Company.

Year Ended December 31,

2019	2018

Pro forma revenues	$7,904.2	$7,936.0

Pro forma net income attributable to American Tower Corporation common stockholders	$1,844.9	$1,122.6

Pro forma net income per common share amounts:

Basic net income attributable to American Tower Corporation common stockholders	$4.17	$2.55

Diluted net income attributable to American Tower Corporation common stockholders	$4.14	$2.53

Question: What do the pro forma results exclude?
Answer: any anticipated cost synergies, costs or other integration impacts.
AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed) 2018 Transactions During the year ended December 31, 2019, the allocation of the final purchase price for the acquisition of Idea Cellular Infrastructure Services Limited was finalized with no material post-closing adjustments. During the year ended December 31, 2019, there were no material post-closing adjustments that impacted other 2018 acquisitions. Pro Forma Consolidated Results (Unaudited) The following table presents the unaudited pro forma financial results as if the 2019 acquisitions had occurred on January 1, 2018 and the 2018 acquisitions had occurred on January 1, 2017. The pro forma results do not include any anticipated cost synergies, costs or other integration impacts. Accordingly, such pro forma amounts are not necessarily indicative of the results that actually would have occurred had the transactions been completed on the dates indicated, nor are they indicative of the future operating results of the Company.

Year Ended December 31,

2019	2018

Pro forma revenues	$7,904.2	$7,936.0

Pro forma net income attributable to American Tower Corporation common stockholders	$1,844.9	$1,122.6

Pro forma net income per common share amounts:

Basic net income attributable to American Tower Corporation common stockholders	$4.17	$2.55

Diluted net income attributable to American Tower Corporation common stockholders	$4.14	$2.53

Question: What was the pro forma revenue in 2019?
Answer: $7,904.2
AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed) 2018 Transactions During the year ended December 31, 2019, the allocation of the final purchase price for the acquisition of Idea Cellular Infrastructure Services Limited was finalized with no material post-closing adjustments. During the year ended December 31, 2019, there were no material post-closing adjustments that impacted other 2018 acquisitions. Pro Forma Consolidated Results (Unaudited) The following table presents the unaudited pro forma financial results as if the 2019 acquisitions had occurred on January 1, 2018 and the 2018 acquisitions had occurred on January 1, 2017. The pro forma results do not include any anticipated cost synergies, costs or other integration impacts. Accordingly, such pro forma amounts are not necessarily indicative of the results that actually would have occurred had the transactions been completed on the dates indicated, nor are they indicative of the future operating results of the Company.

Year Ended December 31,

2019	2018

Pro forma revenues	$7,904.2	$7,936.0

Pro forma net income attributable to American Tower Corporation common stockholders	$1,844.9	$1,122.6

Pro forma net income per common share amounts:

Basic net income attributable to American Tower Corporation common stockholders	$4.17	$2.55

Diluted net income attributable to American Tower Corporation common stockholders	$4.14	$2.53

Question: What was the Basic net income attributable to American Tower Corporation common stockholders in 2018?
Answer: $2.55
AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed) 2018 Transactions During the year ended December 31, 2019, the allocation of the final purchase price for the acquisition of Idea Cellular Infrastructure Services Limited was finalized with no material post-closing adjustments. During the year ended December 31, 2019, there were no material post-closing adjustments that impacted other 2018 acquisitions. Pro Forma Consolidated Results (Unaudited) The following table presents the unaudited pro forma financial results as if the 2019 acquisitions had occurred on January 1, 2018 and the 2018 acquisitions had occurred on January 1, 2017. The pro forma results do not include any anticipated cost synergies, costs or other integration impacts. Accordingly, such pro forma amounts are not necessarily indicative of the results that actually would have occurred had the transactions been completed on the dates indicated, nor are they indicative of the future operating results of the Company.

Year Ended December 31,

2019	2018

Pro forma revenues	$7,904.2	$7,936.0

Pro forma net income attributable to American Tower Corporation common stockholders	$1,844.9	$1,122.6

Pro forma net income per common share amounts:

Basic net income attributable to American Tower Corporation common stockholders	$4.17	$2.55

Diluted net income attributable to American Tower Corporation common stockholders	$4.14	$2.53

Question: What was the change in the Diluted net income attributable to American Tower Corporation common stockholders between 2018 and 2019?
Answer: 1.61
AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed) 2018 Transactions During the year ended December 31, 2019, the allocation of the final purchase price for the acquisition of Idea Cellular Infrastructure Services Limited was finalized with no material post-closing adjustments. During the year ended December 31, 2019, there were no material post-closing adjustments that impacted other 2018 acquisitions. Pro Forma Consolidated Results (Unaudited) The following table presents the unaudited pro forma financial results as if the 2019 acquisitions had occurred on January 1, 2018 and the 2018 acquisitions had occurred on January 1, 2017. The pro forma results do not include any anticipated cost synergies, costs or other integration impacts. Accordingly, such pro forma amounts are not necessarily indicative of the results that actually would have occurred had the transactions been completed on the dates indicated, nor are they indicative of the future operating results of the Company.

Year Ended December 31,

2019	2018

Pro forma revenues	$7,904.2	$7,936.0

Pro forma net income attributable to American Tower Corporation common stockholders	$1,844.9	$1,122.6

Pro forma net income per common share amounts:

Basic net income attributable to American Tower Corporation common stockholders	$4.17	$2.55

Diluted net income attributable to American Tower Corporation common stockholders	$4.14	$2.53

Question: What was the change in Pro forma net income attributable to American Tower Corporation common stockholders between 2018 and 2019?
Answer: 722.3
AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed) 2018 Transactions During the year ended December 31, 2019, the allocation of the final purchase price for the acquisition of Idea Cellular Infrastructure Services Limited was finalized with no material post-closing adjustments. During the year ended December 31, 2019, there were no material post-closing adjustments that impacted other 2018 acquisitions. Pro Forma Consolidated Results (Unaudited) The following table presents the unaudited pro forma financial results as if the 2019 acquisitions had occurred on January 1, 2018 and the 2018 acquisitions had occurred on January 1, 2017. The pro forma results do not include any anticipated cost synergies, costs or other integration impacts. Accordingly, such pro forma amounts are not necessarily indicative of the results that actually would have occurred had the transactions been completed on the dates indicated, nor are they indicative of the future operating results of the Company.

Year Ended December 31,

2019	2018

Pro forma revenues	$7,904.2	$7,936.0

Pro forma net income attributable to American Tower Corporation common stockholders	$1,844.9	$1,122.6

Pro forma net income per common share amounts:

Basic net income attributable to American Tower Corporation common stockholders	$4.17	$2.55

Diluted net income attributable to American Tower Corporation common stockholders	$4.14	$2.53

Question: What was the percentage change in Pro forma revenues between 2018 and 2019?
Answer: -0.4
The Monte Carlo simulation assumptions used for the periods presented were as follows: As of January 3, 2020, there was $12 million of unrecognized compensation cost, net of estimated forfeitures, which is expected to be recognized over a weighted average period of 1.7 years. The fair value of performance-based stock awards that vested in fiscal 2019, 2018 and 2017 was $9 million, $13 million, and $4 million, respectively.

Year Ended

January 3, 2020	December 28, 2018	December 29, 2017

Expected volatility	22.02%	25.37%	27.19%

Risk free rate of return	2.39%	2.35%	1.53%

Weighted average grant date stock price	$62.66	$65.00	$53.73

Question: What was the unrecognized compensation cost in 2020?
Answer: $12 million
The Monte Carlo simulation assumptions used for the periods presented were as follows: As of January 3, 2020, there was $12 million of unrecognized compensation cost, net of estimated forfeitures, which is expected to be recognized over a weighted average period of 1.7 years. The fair value of performance-based stock awards that vested in fiscal 2019, 2018 and 2017 was $9 million, $13 million, and $4 million, respectively.

Year Ended

January 3, 2020	December 28, 2018	December 29, 2017

Expected volatility	22.02%	25.37%	27.19%

Risk free rate of return	2.39%	2.35%	1.53%

Weighted average grant date stock price	$62.66	$65.00	$53.73

Question: What was The fair value of performance-based stock awards that vested in fiscal 2019, 2018 and 2017 respectively?
Answer: $9 million; $13 million; $4 million
The Monte Carlo simulation assumptions used for the periods presented were as follows: As of January 3, 2020, there was $12 million of unrecognized compensation cost, net of estimated forfeitures, which is expected to be recognized over a weighted average period of 1.7 years. The fair value of performance-based stock awards that vested in fiscal 2019, 2018 and 2017 was $9 million, $13 million, and $4 million, respectively.

Year Ended

January 3, 2020	December 28, 2018	December 29, 2017

Expected volatility	22.02%	25.37%	27.19%

Risk free rate of return	2.39%	2.35%	1.53%

Weighted average grant date stock price	$62.66	$65.00	$53.73

Question: What was the Expected volatility in 2018 and 2017 respectively?
Answer: 25.37%; 27.19%
The Monte Carlo simulation assumptions used for the periods presented were as follows: As of January 3, 2020, there was $12 million of unrecognized compensation cost, net of estimated forfeitures, which is expected to be recognized over a weighted average period of 1.7 years. The fair value of performance-based stock awards that vested in fiscal 2019, 2018 and 2017 was $9 million, $13 million, and $4 million, respectively.

Year Ended

January 3, 2020	December 28, 2018	December 29, 2017

Expected volatility	22.02%	25.37%	27.19%

Risk free rate of return	2.39%	2.35%	1.53%

Weighted average grant date stock price	$62.66	$65.00	$53.73

Question: In which year was Risk free rate of return more than 2.0%?
Answer: 2020; 2018
The Monte Carlo simulation assumptions used for the periods presented were as follows: As of January 3, 2020, there was $12 million of unrecognized compensation cost, net of estimated forfeitures, which is expected to be recognized over a weighted average period of 1.7 years. The fair value of performance-based stock awards that vested in fiscal 2019, 2018 and 2017 was $9 million, $13 million, and $4 million, respectively.

Year Ended

January 3, 2020	December 28, 2018	December 29, 2017

Expected volatility	22.02%	25.37%	27.19%

Risk free rate of return	2.39%	2.35%	1.53%

Weighted average grant date stock price	$62.66	$65.00	$53.73

Question: What was the change in the Expected volatility from 2017 to 2018?
Answer: -1.82
The Monte Carlo simulation assumptions used for the periods presented were as follows: As of January 3, 2020, there was $12 million of unrecognized compensation cost, net of estimated forfeitures, which is expected to be recognized over a weighted average period of 1.7 years. The fair value of performance-based stock awards that vested in fiscal 2019, 2018 and 2017 was $9 million, $13 million, and $4 million, respectively.

Year Ended

January 3, 2020	December 28, 2018	December 29, 2017

Expected volatility	22.02%	25.37%	27.19%

Risk free rate of return	2.39%	2.35%	1.53%

Weighted average grant date stock price	$62.66	$65.00	$53.73

Question: What was the change in Weighted average grant date stock price from 2017 to 2018?
Answer: 11.27
Selling and Administrative Expenses. Selling and administrative expenses increased $124.2 million in 2019 compared to 2018. Our selling and administrative expenses by major expense type for 2019 and 2018 were as follows (dollars in thousands): Selling and administrative expenses increased approximately 70 basis points as a percentage of net sales in 2019 compared to 2018. The increase in expenses reflects the addition of PCM to our North America and EMEA segments, effective August 30, 2019. The addition of PCM and increased variable compensation resulting from increased sales and gross profit in 2019 compared to 2018 were the primary drivers for the $90.9 million increase in personnel costs. PCM was also the primary driver for year over year increases in facilities, travel and entertainment, and marketing expenses. Depreciation and amortization expense increased approximately $8.8 million year over year, primarily due to additional amortization expense on newly acquired intangible assets.

2019	2018	Change

Personnel costs, including teammate benefits	$684,837	$593,955	$90,882

Depreciation and amortization	46,209	37,458	8,751

Facility expenses	30,945	26,396	4,549

Travel and entertainment	28,402	25,656	2,746

Legal and professional fees	16,839	16,103	736

Marketing	11,597	10,345	1,252

Other	61,908	46,616	15,292

Total	$880,737	$756,529	$124,208

Question: How much did Selling and administrative expenses increased in 2019 compared to 2018?
Answer: $124.2 million
Selling and Administrative Expenses. Selling and administrative expenses increased $124.2 million in 2019 compared to 2018. Our selling and administrative expenses by major expense type for 2019 and 2018 were as follows (dollars in thousands): Selling and administrative expenses increased approximately 70 basis points as a percentage of net sales in 2019 compared to 2018. The increase in expenses reflects the addition of PCM to our North America and EMEA segments, effective August 30, 2019. The addition of PCM and increased variable compensation resulting from increased sales and gross profit in 2019 compared to 2018 were the primary drivers for the $90.9 million increase in personnel costs. PCM was also the primary driver for year over year increases in facilities, travel and entertainment, and marketing expenses. Depreciation and amortization expense increased approximately $8.8 million year over year, primarily due to additional amortization expense on newly acquired intangible assets.

2019	2018	Change

Personnel costs, including teammate benefits	$684,837	$593,955	$90,882

Depreciation and amortization	46,209	37,458	8,751

Facility expenses	30,945	26,396	4,549

Travel and entertainment	28,402	25,656	2,746

Legal and professional fees	16,839	16,103	736

Marketing	11,597	10,345	1,252

Other	61,908	46,616	15,292

Total	$880,737	$756,529	$124,208

Question: How much basis points as a percentage of net sale did Selling and administrative expenses increased in 2019 compared to 2018?
Answer: approximately 70 basis points
Selling and Administrative Expenses. Selling and administrative expenses increased $124.2 million in 2019 compared to 2018. Our selling and administrative expenses by major expense type for 2019 and 2018 were as follows (dollars in thousands): Selling and administrative expenses increased approximately 70 basis points as a percentage of net sales in 2019 compared to 2018. The increase in expenses reflects the addition of PCM to our North America and EMEA segments, effective August 30, 2019. The addition of PCM and increased variable compensation resulting from increased sales and gross profit in 2019 compared to 2018 were the primary drivers for the $90.9 million increase in personnel costs. PCM was also the primary driver for year over year increases in facilities, travel and entertainment, and marketing expenses. Depreciation and amortization expense increased approximately $8.8 million year over year, primarily due to additional amortization expense on newly acquired intangible assets.

2019	2018	Change

Personnel costs, including teammate benefits	$684,837	$593,955	$90,882

Depreciation and amortization	46,209	37,458	8,751

Facility expenses	30,945	26,396	4,549

Travel and entertainment	28,402	25,656	2,746

Legal and professional fees	16,839	16,103	736

Marketing	11,597	10,345	1,252

Other	61,908	46,616	15,292

Total	$880,737	$756,529	$124,208

Question: What led to the increase in Depreciation and amortization expense?
Answer: additional amortization expense on newly acquired intangible assets.
Selling and Administrative Expenses. Selling and administrative expenses increased $124.2 million in 2019 compared to 2018. Our selling and administrative expenses by major expense type for 2019 and 2018 were as follows (dollars in thousands): Selling and administrative expenses increased approximately 70 basis points as a percentage of net sales in 2019 compared to 2018. The increase in expenses reflects the addition of PCM to our North America and EMEA segments, effective August 30, 2019. The addition of PCM and increased variable compensation resulting from increased sales and gross profit in 2019 compared to 2018 were the primary drivers for the $90.9 million increase in personnel costs. PCM was also the primary driver for year over year increases in facilities, travel and entertainment, and marketing expenses. Depreciation and amortization expense increased approximately $8.8 million year over year, primarily due to additional amortization expense on newly acquired intangible assets.

2019	2018	Change

Personnel costs, including teammate benefits	$684,837	$593,955	$90,882

Depreciation and amortization	46,209	37,458	8,751

Facility expenses	30,945	26,396	4,549

Travel and entertainment	28,402	25,656	2,746

Legal and professional fees	16,839	16,103	736

Marketing	11,597	10,345	1,252

Other	61,908	46,616	15,292

Total	$880,737	$756,529	$124,208

Question: What is the change in Personnel costs, including teammate benefits between 2018 and 2019?
Answer: 90882
Selling and Administrative Expenses. Selling and administrative expenses increased $124.2 million in 2019 compared to 2018. Our selling and administrative expenses by major expense type for 2019 and 2018 were as follows (dollars in thousands): Selling and administrative expenses increased approximately 70 basis points as a percentage of net sales in 2019 compared to 2018. The increase in expenses reflects the addition of PCM to our North America and EMEA segments, effective August 30, 2019. The addition of PCM and increased variable compensation resulting from increased sales and gross profit in 2019 compared to 2018 were the primary drivers for the $90.9 million increase in personnel costs. PCM was also the primary driver for year over year increases in facilities, travel and entertainment, and marketing expenses. Depreciation and amortization expense increased approximately $8.8 million year over year, primarily due to additional amortization expense on newly acquired intangible assets.

2019	2018	Change

Personnel costs, including teammate benefits	$684,837	$593,955	$90,882

Depreciation and amortization	46,209	37,458	8,751

Facility expenses	30,945	26,396	4,549

Travel and entertainment	28,402	25,656	2,746

Legal and professional fees	16,839	16,103	736

Marketing	11,597	10,345	1,252

Other	61,908	46,616	15,292

Total	$880,737	$756,529	$124,208

Question: What is the change in Depreciation and amortization between 2018 and 2019?
Answer: 8751