aveni-ai/aveni-bench-tat-qa huggingface dataset:
There was no material bad debt expense in 2019, 2018 and 2017. In 2019, 2018 and 2017, the Company’s largest customer, Apple represented 17.6%, 13.1% and 10.5% of consolidated net revenues, respectively, reported in the ADG, AMS and MDG segments. In 2019, $75 million of trade accounts receivable were sold without recourse (nil in 2018).

December 31, 2019	December 31, 2018

Trade accounts receivable	1,396	1,292

Allowance for doubtful accounts	(16)	(15)

Total	1,380	1,277

Question: What is the increase/ (decrease) in Trade accounts receivable from 2018 to 2019?
Answer: 104
MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) Schedule of restricted cash: (2) During the fiscal year ended March 31, 2019, the Company adopted ASU 2016-18 - Statement of Cash Flows: Restricted Cash. The following table presents the balance of restricted cash which consists of cash denominated in a foreign currency and restricted in use due to a foreign taxing authority requirement (in millions):

Year ended March 31,

2019	2018	2017

Effect of foreign exchange rate changes on cash and cash equivalents	—	—	(1.0)

Net decrease in cash and cash equivalents	(472.7)	(7.4)	(1,184.0)

Cash and cash equivalents, and restricted cash at beginning of period (2)	901.3	908.7	2,092.7

Cash and cash equivalents, and restricted cash at end of period (2)	$428.6	$901.3	$908.7

Question: What was the Net decrease in cash and cash equivalents in 2019?
Answer: (472.7)
MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) Schedule of restricted cash: (2) During the fiscal year ended March 31, 2019, the Company adopted ASU 2016-18 - Statement of Cash Flows: Restricted Cash. The following table presents the balance of restricted cash which consists of cash denominated in a foreign currency and restricted in use due to a foreign taxing authority requirement (in millions):

Year ended March 31,

2019	2018	2017

Effect of foreign exchange rate changes on cash and cash equivalents	—	—	(1.0)

Net decrease in cash and cash equivalents	(472.7)	(7.4)	(1,184.0)

Cash and cash equivalents, and restricted cash at beginning of period (2)	901.3	908.7	2,092.7

Cash and cash equivalents, and restricted cash at end of period (2)	$428.6	$901.3	$908.7

Question: What was the Cash and cash equivalents, and restricted cash at beginning of period in 2018?
Answer: 908.7
MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) Schedule of restricted cash: (2) During the fiscal year ended March 31, 2019, the Company adopted ASU 2016-18 - Statement of Cash Flows: Restricted Cash. The following table presents the balance of restricted cash which consists of cash denominated in a foreign currency and restricted in use due to a foreign taxing authority requirement (in millions):

Year ended March 31,

2019	2018	2017

Effect of foreign exchange rate changes on cash and cash equivalents	—	—	(1.0)

Net decrease in cash and cash equivalents	(472.7)	(7.4)	(1,184.0)

Cash and cash equivalents, and restricted cash at beginning of period (2)	901.3	908.7	2,092.7

Cash and cash equivalents, and restricted cash at end of period (2)	$428.6	$901.3	$908.7

Question: Which years does the table provide information for Cash and cash equivalents, and restricted cash at end of period?
Answer: 2019; 2018; 2017
MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) Schedule of restricted cash: (2) During the fiscal year ended March 31, 2019, the Company adopted ASU 2016-18 - Statement of Cash Flows: Restricted Cash. The following table presents the balance of restricted cash which consists of cash denominated in a foreign currency and restricted in use due to a foreign taxing authority requirement (in millions):

Year ended March 31,

2019	2018	2017

Effect of foreign exchange rate changes on cash and cash equivalents	—	—	(1.0)

Net decrease in cash and cash equivalents	(472.7)	(7.4)	(1,184.0)

Cash and cash equivalents, and restricted cash at beginning of period (2)	901.3	908.7	2,092.7

Cash and cash equivalents, and restricted cash at end of period (2)	$428.6	$901.3	$908.7

Question: What was the change in Cash and cash equivalents, and restricted cash at beginning of period between 2017 and 2018?
Answer: -1184
MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) Schedule of restricted cash: (2) During the fiscal year ended March 31, 2019, the Company adopted ASU 2016-18 - Statement of Cash Flows: Restricted Cash. The following table presents the balance of restricted cash which consists of cash denominated in a foreign currency and restricted in use due to a foreign taxing authority requirement (in millions):

Year ended March 31,

2019	2018	2017

Effect of foreign exchange rate changes on cash and cash equivalents	—	—	(1.0)

Net decrease in cash and cash equivalents	(472.7)	(7.4)	(1,184.0)

Cash and cash equivalents, and restricted cash at beginning of period (2)	901.3	908.7	2,092.7

Cash and cash equivalents, and restricted cash at end of period (2)	$428.6	$901.3	$908.7

Question: How many years did Cash and cash equivalents, and restricted cash at beginning of period exceed $1,000 million?
Answer: 1
MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) Schedule of restricted cash: (2) During the fiscal year ended March 31, 2019, the Company adopted ASU 2016-18 - Statement of Cash Flows: Restricted Cash. The following table presents the balance of restricted cash which consists of cash denominated in a foreign currency and restricted in use due to a foreign taxing authority requirement (in millions):

Year ended March 31,

2019	2018	2017

Effect of foreign exchange rate changes on cash and cash equivalents	—	—	(1.0)

Net decrease in cash and cash equivalents	(472.7)	(7.4)	(1,184.0)

Cash and cash equivalents, and restricted cash at beginning of period (2)	901.3	908.7	2,092.7

Cash and cash equivalents, and restricted cash at end of period (2)	$428.6	$901.3	$908.7

Question: What was the percentage change in Cash and cash equivalents, and restricted cash at end of period between 2018 and 2019?
Answer: -52.45
Adjusted Gross Margin. Adjusted gross margin represents gross profit plus amortization of acquired intangibles and stock-based compensation. Adjusted gross margin is a measure used by management to understand and evaluate our core operating performance and trends and to generate future operating plans. The exclusion of stock-based compensation expense and amortization of acquired intangibles facilitates comparisons of our operating performance on a period-to-period basis. In the near term, we expect these expenses to continue to negatively impact our gross profit. Adjusted gross margin is not a measure calculated in accordance with GAAP. We believe that adjusted gross margin provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management and board of directors. Nevertheless, our use of adjusted gross margin has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of our financial results as reported under GAAP. You should consider adjusted gross margin alongside our other GAAP-based financial performance measures, gross profit and our other GAAP financial results. The following table presents a reconciliation of adjusted gross margin to gross profit, the most directly comparable GAAP measure, for each of the periods indicated (in thousands):

Year Ended December 31,

2019	2018	2017

Gross profit	$137,347	$100,284	$72,849

Amortization of acquired intangibles	2,114	1,268	1,614

Stock-based compensation	1,966	2,306	578

Adjusted gross margin	$141,427	$103,858	$75,041

Question: What does Adjusted gross margin represent?
Answer: gross profit plus amortization of acquired intangibles and stock-based compensation.
Adjusted Gross Margin. Adjusted gross margin represents gross profit plus amortization of acquired intangibles and stock-based compensation. Adjusted gross margin is a measure used by management to understand and evaluate our core operating performance and trends and to generate future operating plans. The exclusion of stock-based compensation expense and amortization of acquired intangibles facilitates comparisons of our operating performance on a period-to-period basis. In the near term, we expect these expenses to continue to negatively impact our gross profit. Adjusted gross margin is not a measure calculated in accordance with GAAP. We believe that adjusted gross margin provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management and board of directors. Nevertheless, our use of adjusted gross margin has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of our financial results as reported under GAAP. You should consider adjusted gross margin alongside our other GAAP-based financial performance measures, gross profit and our other GAAP financial results. The following table presents a reconciliation of adjusted gross margin to gross profit, the most directly comparable GAAP measure, for each of the periods indicated (in thousands):

Year Ended December 31,

2019	2018	2017

Gross profit	$137,347	$100,284	$72,849

Amortization of acquired intangibles	2,114	1,268	1,614

Stock-based compensation	1,966	2,306	578

Adjusted gross margin	$141,427	$103,858	$75,041

Question: What was the Gross Profit in 2019, 2018 and 2017 respectively?
Answer: 137,347; 100,284; 72,849
Adjusted Gross Margin. Adjusted gross margin represents gross profit plus amortization of acquired intangibles and stock-based compensation. Adjusted gross margin is a measure used by management to understand and evaluate our core operating performance and trends and to generate future operating plans. The exclusion of stock-based compensation expense and amortization of acquired intangibles facilitates comparisons of our operating performance on a period-to-period basis. In the near term, we expect these expenses to continue to negatively impact our gross profit. Adjusted gross margin is not a measure calculated in accordance with GAAP. We believe that adjusted gross margin provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management and board of directors. Nevertheless, our use of adjusted gross margin has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of our financial results as reported under GAAP. You should consider adjusted gross margin alongside our other GAAP-based financial performance measures, gross profit and our other GAAP financial results. The following table presents a reconciliation of adjusted gross margin to gross profit, the most directly comparable GAAP measure, for each of the periods indicated (in thousands):

Year Ended December 31,

2019	2018	2017

Gross profit	$137,347	$100,284	$72,849

Amortization of acquired intangibles	2,114	1,268	1,614

Stock-based compensation	1,966	2,306	578

Adjusted gross margin	$141,427	$103,858	$75,041

Question: What is the near term forecast for expenses by the company?
Answer: expenses to continue to negatively impact our gross profit.
Adjusted Gross Margin. Adjusted gross margin represents gross profit plus amortization of acquired intangibles and stock-based compensation. Adjusted gross margin is a measure used by management to understand and evaluate our core operating performance and trends and to generate future operating plans. The exclusion of stock-based compensation expense and amortization of acquired intangibles facilitates comparisons of our operating performance on a period-to-period basis. In the near term, we expect these expenses to continue to negatively impact our gross profit. Adjusted gross margin is not a measure calculated in accordance with GAAP. We believe that adjusted gross margin provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management and board of directors. Nevertheless, our use of adjusted gross margin has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of our financial results as reported under GAAP. You should consider adjusted gross margin alongside our other GAAP-based financial performance measures, gross profit and our other GAAP financial results. The following table presents a reconciliation of adjusted gross margin to gross profit, the most directly comparable GAAP measure, for each of the periods indicated (in thousands):

Year Ended December 31,

2019	2018	2017

Gross profit	$137,347	$100,284	$72,849

Amortization of acquired intangibles	2,114	1,268	1,614

Stock-based compensation	1,966	2,306	578

Adjusted gross margin	$141,427	$103,858	$75,041

Question: What is the average Gross Profit for 2017-2019?
Answer: 103493.33
Adjusted Gross Margin. Adjusted gross margin represents gross profit plus amortization of acquired intangibles and stock-based compensation. Adjusted gross margin is a measure used by management to understand and evaluate our core operating performance and trends and to generate future operating plans. The exclusion of stock-based compensation expense and amortization of acquired intangibles facilitates comparisons of our operating performance on a period-to-period basis. In the near term, we expect these expenses to continue to negatively impact our gross profit. Adjusted gross margin is not a measure calculated in accordance with GAAP. We believe that adjusted gross margin provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management and board of directors. Nevertheless, our use of adjusted gross margin has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of our financial results as reported under GAAP. You should consider adjusted gross margin alongside our other GAAP-based financial performance measures, gross profit and our other GAAP financial results. The following table presents a reconciliation of adjusted gross margin to gross profit, the most directly comparable GAAP measure, for each of the periods indicated (in thousands):

Year Ended December 31,

2019	2018	2017

Gross profit	$137,347	$100,284	$72,849

Amortization of acquired intangibles	2,114	1,268	1,614

Stock-based compensation	1,966	2,306	578

Adjusted gross margin	$141,427	$103,858	$75,041

Question: In which year was Amortization of acquired intangibles lower than 2,000 thousands?
Answer: 2018; 2017
Adjusted Gross Margin. Adjusted gross margin represents gross profit plus amortization of acquired intangibles and stock-based compensation. Adjusted gross margin is a measure used by management to understand and evaluate our core operating performance and trends and to generate future operating plans. The exclusion of stock-based compensation expense and amortization of acquired intangibles facilitates comparisons of our operating performance on a period-to-period basis. In the near term, we expect these expenses to continue to negatively impact our gross profit. Adjusted gross margin is not a measure calculated in accordance with GAAP. We believe that adjusted gross margin provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management and board of directors. Nevertheless, our use of adjusted gross margin has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of our financial results as reported under GAAP. You should consider adjusted gross margin alongside our other GAAP-based financial performance measures, gross profit and our other GAAP financial results. The following table presents a reconciliation of adjusted gross margin to gross profit, the most directly comparable GAAP measure, for each of the periods indicated (in thousands):

Year Ended December 31,

2019	2018	2017

Gross profit	$137,347	$100,284	$72,849

Amortization of acquired intangibles	2,114	1,268	1,614

Stock-based compensation	1,966	2,306	578

Adjusted gross margin	$141,427	$103,858	$75,041

Question: What is the change in the Stock-based compensation from 2018 to 2019?
Answer: -340
The tax effects of temporary differences that gave rise to significant portions of deferred tax assets and liabilities are as follows (in thousands): The Company considered both positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies, historic book profit/loss, prior taxable income/loss, and results of future operations, and determined that a valuation allowance was not required for a significant portion of its deferred tax assets. A valuation allowance of $31.4 million and $28.5 million remained as of July 31, 2019 and 2018, respectively. The increase of $2.9 million in the valuation allowance in the current fiscal year relates primarily to net operating losses and income tax credits incurred in certain tax jurisdictions for which no tax benefit was recognized.

As of July 31,

2019	2018

Accruals and reserves	$7,870	$12,129

Stock-based compensation	6,353	7,658

Deferred revenue	2,316	4,023

Property and equipment	—	1,268

Net operating loss carryforwards	55,881	56,668

Tax credits	74,819	60,450

Total deferred tax assets	147,239	142,196

Less valuation allowance	31,421	28,541

Net deferred tax assets	115,818	113,655

Less deferred tax liabilities:

Intangible assets	7,413	11,461

Convertible debt	10,274	11,567

Property and equipment	1,435	—

Unremitted foreign earnings	302	258

Capitalized commissions	6,086	—

Total deferred tax liabilities	25,510	23,286

Deferred tax assets, net	90,308	90,369

Less foreign deferred revenue	—	69

Less foreign capitalized commissions	906	—

Total net deferred tax assets	89,402	90,300

Question: What was the valuation allowance in 2019 and 2018 respectively?
Answer: $31.4 million; $28.5 million
The tax effects of temporary differences that gave rise to significant portions of deferred tax assets and liabilities are as follows (in thousands): The Company considered both positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies, historic book profit/loss, prior taxable income/loss, and results of future operations, and determined that a valuation allowance was not required for a significant portion of its deferred tax assets. A valuation allowance of $31.4 million and $28.5 million remained as of July 31, 2019 and 2018, respectively. The increase of $2.9 million in the valuation allowance in the current fiscal year relates primarily to net operating losses and income tax credits incurred in certain tax jurisdictions for which no tax benefit was recognized.

As of July 31,

2019	2018

Accruals and reserves	$7,870	$12,129

Stock-based compensation	6,353	7,658

Deferred revenue	2,316	4,023

Property and equipment	—	1,268

Net operating loss carryforwards	55,881	56,668

Tax credits	74,819	60,450

Total deferred tax assets	147,239	142,196

Less valuation allowance	31,421	28,541

Net deferred tax assets	115,818	113,655

Less deferred tax liabilities:

Intangible assets	7,413	11,461

Convertible debt	10,274	11,567

Property and equipment	1,435	—

Unremitted foreign earnings	302	258

Capitalized commissions	6,086	—

Total deferred tax liabilities	25,510	23,286

Deferred tax assets, net	90,308	90,369

Less foreign deferred revenue	—	69

Less foreign capitalized commissions	906	—

Total net deferred tax assets	89,402	90,300

Question: What was the increase in valuation allowance in current fiscal year?
Answer: $2.9 million
The tax effects of temporary differences that gave rise to significant portions of deferred tax assets and liabilities are as follows (in thousands): The Company considered both positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies, historic book profit/loss, prior taxable income/loss, and results of future operations, and determined that a valuation allowance was not required for a significant portion of its deferred tax assets. A valuation allowance of $31.4 million and $28.5 million remained as of July 31, 2019 and 2018, respectively. The increase of $2.9 million in the valuation allowance in the current fiscal year relates primarily to net operating losses and income tax credits incurred in certain tax jurisdictions for which no tax benefit was recognized.

As of July 31,

2019	2018

Accruals and reserves	$7,870	$12,129

Stock-based compensation	6,353	7,658

Deferred revenue	2,316	4,023

Property and equipment	—	1,268

Net operating loss carryforwards	55,881	56,668

Tax credits	74,819	60,450

Total deferred tax assets	147,239	142,196

Less valuation allowance	31,421	28,541

Net deferred tax assets	115,818	113,655

Less deferred tax liabilities:

Intangible assets	7,413	11,461

Convertible debt	10,274	11,567

Property and equipment	1,435	—

Unremitted foreign earnings	302	258

Capitalized commissions	6,086	—

Total deferred tax liabilities	25,510	23,286

Deferred tax assets, net	90,308	90,369

Less foreign deferred revenue	—	69

Less foreign capitalized commissions	906	—

Total net deferred tax assets	89,402	90,300

Question: What was the Accruals and reserves in 2019 and 2018 respectively?
Answer: $7,870; $12,129
The tax effects of temporary differences that gave rise to significant portions of deferred tax assets and liabilities are as follows (in thousands): The Company considered both positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies, historic book profit/loss, prior taxable income/loss, and results of future operations, and determined that a valuation allowance was not required for a significant portion of its deferred tax assets. A valuation allowance of $31.4 million and $28.5 million remained as of July 31, 2019 and 2018, respectively. The increase of $2.9 million in the valuation allowance in the current fiscal year relates primarily to net operating losses and income tax credits incurred in certain tax jurisdictions for which no tax benefit was recognized.

As of July 31,

2019	2018

Accruals and reserves	$7,870	$12,129

Stock-based compensation	6,353	7,658

Deferred revenue	2,316	4,023

Property and equipment	—	1,268

Net operating loss carryforwards	55,881	56,668

Tax credits	74,819	60,450

Total deferred tax assets	147,239	142,196

Less valuation allowance	31,421	28,541

Net deferred tax assets	115,818	113,655

Less deferred tax liabilities:

Intangible assets	7,413	11,461

Convertible debt	10,274	11,567

Property and equipment	1,435	—

Unremitted foreign earnings	302	258

Capitalized commissions	6,086	—

Total deferred tax liabilities	25,510	23,286

Deferred tax assets, net	90,308	90,369

Less foreign deferred revenue	—	69

Less foreign capitalized commissions	906	—

Total net deferred tax assets	89,402	90,300

Question: In which year was Accruals and reserves less than 10,000 thousand?
Answer: 2019