hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
13. Income Taxes
On December 22, 2017, the Tax Cuts and Jobs Act (“Tax Act”) was signed into U.S. Law. As of December 31, 2018, the Company had completed its accounting for the tax effects related to the enactment of the Tax Act.
The Tax Act reduced the U.S. federal corporate income tax rate from 35% to 21%, effective January 1, 2018. During the year ended December 31, 2017, the Company remeasured certain deferred tax assets and liabilities and recorded a $15.0 million provisional tax charge. During the year ended December 31, 2018, the Company reduced the initial provisional tax charge by recording a $4.9 million benefit related to accelerated tax deductions claimed on the 2018 U.S. Federal Income Tax Return.
The Tax Act required U.S. companies to pay a one-time transition tax on certain unremitted foreign earnings. During the year ended December 31, 2017, the Company recorded a $20.9 million provisional tax charge based on post-1986 earnings and profits of foreign subsidiaries that were previously deferred from U.S. income taxes. Upon further analysis, the Company reduced the initial provisional tax charge by recording an $8.1 million benefit during the year ended December 31, 2018.
During the year ended December 31, 2018, the Company recorded a $15.5 million valuation allowance on its deferred tax asset related to U.S. foreign tax credits based upon business conditions and tax laws in effect at that time.
During the year ended December 31, 2019, following the acquisition of Speedpay, the Company determined it will more likely than not be able to utilize foreign tax credits in future years due to additional income generated by Speedpay; therefore, the Company released the $15.5 million valuation allowance that had been established on this deferred tax asset.
The Tax Act subjects a U.S. shareholder to tax on global intangible low-taxed income ("GILTI") earned by certain foreign subsidiaries. The Company has elected to account for GILTI in the year the tax is incurred.
Prior to 2018, the Company considered all earnings in foreign subsidiaries to be indefinitely reinvested, and accordingly, recorded no deferred income taxes related to unremitted earnings. As of December 31, 2019 and 2018, the Company considered only the earnings in its Indian subsidiaries to be indefinitely reinvested. The earnings of all other foreign subsidiaries are no longer considered indefinitely reinvested. The Company is also permanently reinvested for outside book/tax basis differences related to foreign subsidiaries.
For financial reporting purposes, income before income taxes includes the following components (in thousands):
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
United States | -16,317 | $16,312 | -42,863
Foreign | 88,527 | 75,487 | 86,435
Total | $72,210 | $91,799 | $43,572


Question: What was the income from United States in 2019?
Answer: -16,317
GasLog Ltd. and its Subsidiaries
Notes to the consolidated financial statements (Continued)
For the years ended December 31, 2017, 2018 and 2019
(All amounts expressed in thousands of U.S. Dollars, except share and per share data)
19. Financial Income and Costs
An analysis of financial income and costs is as follows:
Table:
 |  | For the year ended December 31, | 
 | 2017 | 2018 | 2019
Financial Income |  |  | 
Interest income | 2,650 | 4,784 | 5,318
Total financial income | 2,650 | 4,784 | 5,318
Financial Costs |  |  | 
Amortization and write-off of deferred loan/bond issuance costs/premium | 12,398 | 12,593 | 14,154
Interest expense on loans and realized loss on cash flow hedges | 85,813 | 111,600 | 122,819
Interest expense on bonds and realized loss on CCSs | 27,085 | 30,029 | 34,607
Lease charge | 10,875 | 10,520 | 10,506
Loss arising on bond repurchases at a premium (Note 13)13) | 1,459 | — | 2,119
Other financial costs, including unrealized foreign exchange losses on cash and bonds | 1,551 | 1,885 | 6,276
Total financial costs | 139,181 | 166,627 | 190,481


Question: What was the interest expense on bonds and realized loss on CCSs in 2019?
Answer: 34,607
Cash flow
Net cash flow from operating activities decreased by $4.8 million to $142.9 million from $147.7 million in the prior period. The small overall decrease was due to a $9.9 million reduction in the cashflow outflow on exceptional items, a $7.0 million improved use of working capital within the business, both being offset by an increase in overheads, primarily in relation to Sales and Marketing expenses.
Unlevered free cashflow decreased by $15.8 million to $123.8 million from $139.6 million in the prior-period representing the reduction in net cash flow from operating activities adjusted for the cashflow impact of exceptional items.
1 Restated for the adoption of IFRS 15 and change in accounting policy in respect of research and development expenditure tax credit scheme (“RDEC”) and provision for interest on uncertain tax positions, as explained in note 2 of the Financial Statements
2 Unlevered free cash flow is also represented by the sum of the marked rows and has been presented to enhance understanding of the Group’s cash generation capability
3 Excludes non-cash movements on exceptional items
Table:
 | FY19 | FY181
 | $M | $M
Cash EBITDA2 | 167.9 | 199.2
Net deferral of revenue | (49.7) | (129.6)
Net deferral of expenses | 0.9 | 8.4
Foreign exchange | 1.5 | (8.1)
Depreciation | (11.6) | (11.6)
Adjusted operating profit | 109.0 | 58.3
Net deferral of revenue | 49.7 | 129.6
Net deferral of expenses | (0.9) | (8.4)
Exceptional items 3 | (3.1) | (13.0)
Depreciation | 11.6 | 11.6
Foreign exchange | (1.5) | 8.1
Change in working capital 2 | (5.2) | (12.2)
Corporation tax paid 2 | (16.7) | (26.3)
Net cash flow from operating activities | 142.9 | 147.7
Exceptional items 3 | 3.1 | 13.0
Net capital expenditure 2 | (22.2) | (21.1)
Unlevered free cash flow | 123.8 | 139.6


Question: What was the change in adjusted operating profit in 2019 from 2018?
Answer: 50.7
Calculation: 109.0-58.3
Dividends are distributions of the Group’s profit after tax before significant items to its shareholders and represent one of the ways the Group distributes returns to its shareholders.
All dividends are fully franked at a 30% tax rate.
On 29 August 2019, the Board of Directors declared a final dividend in respect of the 2019 period of 57 cents per share, fully franked at a 30% tax rate. The amount will be paid on or around 30 September 2019 and is expected to be $717 million. As the dividend was declared subsequent to 30 June 2019, no provision had been made as at 30 June 2019.
The DRP remains active. Eligible shareholders may participate in the DRP in respect of all or part of their shareholding. There is currently no DRP discount applied and no limit on the number of shares that can participate in the DRP.
Shares will be allocated to shareholders under the DRP for the 2019 final dividend at an amount equal to the average of the daily volume weighted average market price of ordinary shares of the Company traded on the ASX over the period of 10 trading days commencing on 6 September 2019. The last date for receipt of election notices for the DRP is 5 September 2019. The Company may acquire shares on-market during this period to satisfy its obligations under the DRP.
During the period, 13.4% (2018: 39.9%) of the dividends paid were reinvested in shares of the Company. The change in the reinvestment participation rate reflects the removal of the discount with effect from the 2018 final dividend paid on 12 October 2018. The DRP in respect of the 2019 interim dividend was satisfied in full through the on-market purchase and transfer of $73 million of shares to participating shareholders.
Table:
 | 2019 |  |  |  | 2018 | 
 | CENTS PER | TOTAL | DATE OF | CENTS PER | TOTAL | DATE OF
 | SHARE | AMOUNT | PAYMENT | SHARE | AMOUNT | PAYMENT
 |  | $M |  |  | $M | 
Current year interim | 45 | 593 | 5 April 2019 | 43 | 561 | 6 April 2018
Prior year final | 50 | 657 | 12 October 2018 | 50 | 647 | 6 October 2017
Prior year special | 10 | 131 | 12 October 2018 | - | – | 
Dividends paid during the period | 105 | 1,381 |  | 93 | 1,208 | 
Issues of shares to satisfy the dividend |  |  |  |  |  | 
reinvestment plan |  | (114) |  |  | (482) | 
Dividends received - shares held in trust |  | - |  |  | (2) | 
Dividends paid in cash |  | 1,267 |  |  | 724 | 


Question: What are dividends?
Answer: Dividends are distributions of the Group’s profit after tax before significant items to its shareholders and represent one of the ways the Group distributes returns to its shareholders.
The Company incurred approximately $106,000 in legal, professional, and other costs related to this acquisition accounted for as selling and administrative expenses when incurred. The remaining weighted-average useful life of intangible assets acquired was 12.5 years as of the acquisition date.
As the active cabinet business was not operated as a separate subsidiary, division or entity, Calix did not maintain separate financial statements for the active cabinet business. As a result, we are unable to accurately determine earnings/loss for the active cabinet business on a standalone basis since the date of acquisition.
The following table below reflects our unaudited pro forma combined results of operations as if the acquisition had taken place as of October 1, 2016 and shows the net sales and net income as if the active cabinet business were combined with the Clearfield business for the years ended September 30, 2018 and 2017.
The pro forma includes estimated expenses relating to the amortization of intangibles purchased, the amortization of the inventory fair value adjustment, and estimated personnel costs:
The pro forma unaudited results do not purport to be indicative of the results which would have been obtained had the acquisition been completed as of the beginning of the earliest period presented or of results that may be obtained in the future. In addition, they do not include any benefits that may result from the acquisition due to synergies that may be derived from the elimination of any duplicative costs.
Table:
 | Pro Forma Year Ended September 30, 2018 (unaudited) | Pro Forma Year Ended September 30, 2017 (unaudited)
Net sales | $80,958,789 | $89,672,074
Income from operations | $5,554,766 | $8,174,841
Net income | 4,794,757 | $5,809,018
Net income per share: |  | 
Basic | 0.36 | $0.43
Diluted | 0.36 | $0.43


Question: What is the approximate legal, professional, and other costs incurred?
Answer: $106,000
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)
The projected benefit obligation, accumulated benefit obligation and fair value of plan assets for those Pension Plans with accumulated benefit obligation in excess of fair value of plan assets is shown below:
Table:
 | As of December 31, | 
 | 2019 | 2018
Projected benefit obligation | $3,778 | $3,848
Accumulated benefit obligation | $2,999 | $3,028
Fair value of plan assets | $1,418 | $1,426


Question: Which years does the table provide information for the projected benefit obligation, accumulated benefit obligation and fair value of plan assets for the company's Pension Plans?
Answer: 2019, 2018
Note 3 – Revenue
The following table disaggregates our revenue by major source for the year ended December 31, 2019:
(1) Subscriber Solutions & Experience was formerly reported as Customer Devices. With the increasing focus on enhancing the customer experience for both our business and consumer broadband customers and the addition of SmartRG during the fourth quarter of 2018, Subscriber Solutions & Experience more accurately represents this revenue category.
Table:
(In thousands) | Network Solutions | Services & Support | Total
Access & Aggregation | $289,980 | $58,894 | $348,874
Subscriber Solutions & Experience (1) | 144,651 | 8,269 | 152,920
Traditional & Other Products | 20,595 | 7,672 | 28,267
Total | $455,226 | $74,835 | $530,061


Question: What is the difference in total revenue between Subscriber Solutions & Experience and Traditional & Other Products?
Answer: 124653
Calculation: 152,920-28,267
Customers and Markets
Our primary customers, in terms of our sales revenues, include premier integrated device manufacturers, such as Texas Instruments and Intel Mobile, plus leading fabless design companies, such as Broadcom, MediaTek, Realtek, Qualcomm and Novatek. Although we are not dependent on any single customer, a significant portion of our operating revenues has been generated from sales to a few customers. Our top ten customers accounted for approximately 51.3% of our operating revenues in 2019. Set forth below is a geographic breakdown of our operating revenues in 2017, 2018 and 2019 by the location of our customers.
Table:
 |  | Years Ended December 31, | 
Region | 2017 | 2018 | 2019
 | % | % | %
Taiwan | 32.8 | 36.4 | 36.4
Singapore | 20.6 | 16.4 | 16.2
China (including Hong Kong) | 12.7 | 12.2 | 12.9
Japan | 3.2 | 3.9 | 6.6
USA | 12.2 | 15.6 | 13.5
Europe | 9.6 | 8.3 | 4.7
Others | 8.9 | 7.2 | 9.7
Total | 100.0 | 100.0 | 100.0


Question: What is the average customers from Singapore?
Answer: 17.73
Calculation: ((20.6% + 16.4% + 16.2%) / 3) * 100
AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
20. SUPPLEMENTAL CASH FLOW INFORMATION
Supplemental cash flow information and non-cash investing and financing activities are as follows for the years ended December 31,:
(1) Related to the note extinguishment with TV Azteca, S.A. de C.V. in 2018.
Table:
 | 2019 | 2018 | 2017
Supplemental cash flow information: |  |  | 
Cash paid for interest | $750.2 | $789.7 | $712.1
Cash paid for income taxes (net of refunds of $11.2, $25.0 and $20.7, respectively) | 147.5 | 163.9 | 136.5
Non-cash investing and financing activities: |  |  | 
(Decrease) increase in accounts payable and accrued expenses for purchases of property and equipment and construction activities | (21.0) | 8.3 | 34.0
Purchases of property and equipment under finance leases, perpetual easements and capital leases | 81.3 | 57.8 | 54.8
Fair value of debt assumed through acquisitions | 329.8 | — | —
Acquisition of Commercialization Rights (1) | — | 24.8 | —
Conversion of third-party debt to equity | — | — | 48.2
Debt financed acquisition of communication sites | — | 54.2 | —


Question: What was the Cash paid for interest in 2017?
Answer: $712.1
The primary components of the deferred tax assets and liabilities are as follows, for the periods indicated below:
We believe that sufficient uncertainty exists regarding the realization of certain deferred tax assets that a valuation allowance is required. We continue to evaluate our taxable position quarterly and consider factors by taxing jurisdiction, including but not limited to factors such as estimated taxable income, any historical experience of losses for tax purposes and the future growth of OpenText.
Table:
 | June 30, | 
 | 2019 | 2018
Deferred tax assets |  | 
Non-capital loss carryforwards | $161,119 | $129,436
Capital loss carryforwards | 155 | 417
Undeducted scientific research and development expenses | 137,253 | 123,114
Depreciation and amortization | 683,777 | 829,369
Restructuring costs and other reserves | 17,845 | 17,202
Deferred revenue | 53,254 | 62,726
Other | 59,584 | 57,461
Total deferred tax asset | $1,112,987 | $1,219,725
Valuation Allowance | $(77,328) | $(80,924)
Deferred tax liabilities |  | 
Scientific research and development tax credits | $(14,482) | $(13,342)
Other | (72,599) | (82,668)
Deferred tax liabilities | $(87,081) | $(96,010)
Net deferred tax asset | $948,578 | $1,042,791
Comprised of: |  | 
Long-term assets | 1,004,450 | 1,122,729
Long-term liabilities | (55,872) | (79,938)
 | $948,578 | $1,042,791


Question: What is the average annual total assets for both Fiscal years?
Answer: 995684.5
Calculation: (948,578+1,042,791)/2
Restructuring Expenses: restructuring expenses resulted from the execution of management approved restructuring plans that were generally developed to improve our cost structure and/or operations, often in conjunction with our acquisition integration strategies. restructuring expenses consist of employee severance costs and may also include charges for duplicate facilities and other contract termination costs to improve our cost structure prospectively. For additional information regarding our restructuring plans, see Note 8 of Notes to Consolidated Financial Statements included elsewhere in this Annual report.
Restructuring expenses in fiscal 2019 primarily related to our 2019 restructuring Plan. restructuring expenses in fiscal 2018 primarily related to our 2017 restructuring Plan, which is substantially complete. Our management approved, committed to and initiated these plans in order to restructure and further improve efficiencies in our operations. In the fourth quarter of fiscal 2019, our management supplemented the 2019 restructuring Plan to reflect additional actions that we expect to take. The total estimated restructuring costs associated with the 2019 restructuring Plan are up to $584 million, of which approximately $108 million remained as of May 31, 2019, and will be recorded to the restructuring expense line item within our consolidated statements of operations as the costs are incurred through an expected end date during fiscal 2020. Our estimated costs are subject to change in future periods. We may incur additional restructuring expenses in future periods due to the initiation of new restructuring plans or from changes in estimated costs associated with existing restructuring plans .
Table:
 |  |  | Year Ended May 31, | 
 |  |  | Percent Change | 
(Dollars in millions) | 2019 | Actual | Constant | 2018
restructuring expenses | $443 | -25% | -22% | $588


Question: Does the company expect to incur additional restructuring expenses in future periods?
Answer: We may incur additional restructuring expenses in future periods due to the initiation of new restructuring plans or from changes in estimated costs associated with existing restructuring plans
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.
Table:
 | 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
Calculation: (($7,904.2-$7,936.0)/$7,936.0) * 100
GreenSky, Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) (United States Dollars in thousands, except per share data, unless otherwise stated)
Note 9. Other Liabilities
The following table details the components of other liabilities in the Consolidated Balance Sheets as of the dates indicated.
(1) We elected the fair value method to account for our servicing liabilities. Refer to Note 3 for additional information.
(2) Related party distributions payable are not included in this balance, but rather are included within related party liabilities.
(3) Refer to Note 3 and Note 8 for additional information on our interest rate swap, which was in a liability position as of December 31, 2019.
(4) Tax related liabilities primarily include certain taxes payable related to the Reorganization Transactions.
(5) Deferred lease liabilities were calculated in accordance with legacy lease guidance in ASC 840, Leases, for the amount presented as of December 31, 2018. Under the new lease guidance codified in ASC 842, Leases, which we adopted on January 1, 2019, we presented operating lease liabilities separately on the Consolidated Balance Sheets as of December 31, 2019. See Note 1 and Note 14 for additional information on our lease accounting.
(6) Accruals and other liabilities as of December 31, 2018 was adjusted to exclude the financial guarantee liability to conform to the current period presentation in the Consolidated Balance Sheets. Refer to Note 1 for additional discussion of our basis of presentation.
Table:
 | December 31, | 
 | 2019 | 2018
Transaction processing liabilities | $24,465 | $4,958
Servicing liabilities(1) | 3,796 | 3,016
Distributions payable(2) | 5,978 | 10,066
Interest rate swap(3) | 2,763 | —
Tax related liabilities(4) | 873 | 4,412
Deferred lease liabilities(5) | — | 2,489
Accruals and other liabilities(6) | 9,442 | 10,110
Other liabilities | $47,317 | $35,051


Question: How many years did servicing liabilities exceed $3,000 thousand?
Answer: 2
Calculation: 2019##2018
We utilized a comprehensive approach to evaluate and document the impact of the guidance on our current accounting policies and practices in order to identify material differences, if any, that would result from applying the new requirements to our revenue contracts. We did not identify any material differences resulting from applying the new requirements to our revenue contracts. In addition, we did not identify any significant changes to our business processes, systems, and controls to support recognition and disclosure requirements under the new guidance. We adopted the provisions of Topic 606 in fiscal 2019 utilizing the modified retrospective method. We recorded a $0.5 million cumulative effect adjustment, net of tax, to the opening balance of fiscal 2019 retained earnings, a decrease to receivables of $7.6 million, an increase to inventories of $2.8 million, an increase to prepaid expenses and other current assets of $6.9 million, an increase to other accrued liabilities of $1.4 million, and an increase to other noncurrent liabilities of $0.2 million. The adjustments primarily related to the timing of recognition of certain customer charges, trade promotional expenditures, and volume discounts.
The effect of the changes made to our Consolidated Balance Sheet as of May 26, 2019 for the adoption of Topic 606 was as follows:
Notes to Consolidated Financial Statements - (Continued) Fiscal Years Ended May 26, 2019, May 27, 2018, and May 28, 2017 (columnar dollars in millions except per share amounts)
Table:
Current assets | As Reported | Adjustments | Balances without Adoption of Topic 606
Receivables, less allowance for doubtful accounts | $831.7 | $8.7 | $840.4
Inventories . | 1,571.7 | (3.1) | 1,568.6
Prepaid expenses and other current assets | 93.8 | (16.6) | 77.2
Current liabilities |  |  | 
Other accrued liabilities | 691.6 | (1.1) | 690.5
Other noncurrent liabilities . | 1,951.8 | (2.5) | 1,949.3


Question: What is the ratio of total current assets balance, as reported, to total current liabilities balance, as reported?
Answer: 3.61
Calculation: (831.7+1,571.7+93.8)/691.6