hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
History and Development of the Company
Our legal and commercial name is United Microelectronics Corporation, commonly known as “UMC”. We were incorporated under the R.O.C. Company Law as a company limited by shares in May 1980 and our common shares were listed on the Taiwan Stock Exchange in 1985. Our principal executive office is located at No. 3 Li-Hsin Road II, Hsinchu Science Park, Hsinchu, Taiwan, Republic of China, and our telephone number is 886-3-578-2258.
Our Internet website address is www.umc.com. The information on our website does not form part of this annual report. Our ADSs have been listed on the NYSE under the symbol “UMC” since September 19, 2000. In 2019, we were ranked among the top 5% of companies for a fifth consecutive year in the Corporate Governance Evaluation conducted by the Taiwan Stock Exchange and Taipei Exchange. The assessment was conducted across over 1,400 public companies in Taiwan.
We are one of the world’s largest independent semiconductor foundries and a leader in semiconductor manufacturing process technologies. Our primary business is the manufacture, or “fabrication”, of semiconductors, sometimes called “chips” or “integrated circuits”, for others. Using our own proprietary processes and techniques, we make chips to the design specifications of our many customers. Our company maintains a diversified customer base across industries, including communication devices, consumer electronics, computer, and others, while continuing to focus on manufacturing for high growth, large volume applications, including networking, telecommunications, internet, multimedia, PCs and graphics.
We sell and market mainly wafers which in turn are used in a number of different applications by our customers. The following table presented the percentages of our wafer sales by application for the years ended December 31, 2017, 2018 and 2019.
Table:
 |  | Years Ended December 31, | 
Application | 2017 | 2018 | 2019
 | % | % | %
Communication | 48.6 | 45.2 | 52.2
Consumer | 29.4 | 28.6 | 26.4
Computer | 13.1 | 16.3 | 13.6
Others | 8.9 | 9.9 | 7.8
Total | 100.0 | 100.0 | 100.0


Question: What is the increase / (decrease) in the communication figures from 2018 to 2019?
Answer: 7
Calculation: (52.2% - 45.2%) * 100
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
NOTE 5. INCOME TAXES
The geographic distribution of pretax income from continuing operations is as follows:
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Domestic | $(20,597) | $22,325 | $29,088
Foreign | 87,791 | 150,051 | 169,103
Total | $67,194 | $172,376 | $198,191


Question: What does the table represent?
Answer: geographic distribution of pretax income from continuing operations
Available Liquidity
The following table sets forth our available liquidity for the periods indicated (in thousands):
The decrease in total liquidity is primarily attributable to $239.0 million of outstanding revolving credit facility borrowings and $48.0 million of payments to purchase property and equipment and software and distribution rights, partially offset by positive operating cash flows.
The Company and Official Payments Corporation, a wholly owned subsidiary, maintain a $140.0 million uncommitted overdraft facility with Bank of America, N.A. The overdraft facility acts as a secured loan under the terms of the Credit Agreement to provide an additional funding mechanism for timing differences that can occur in the bill payment settlement process. As of December 31, 2019, $138.5 million was available.
Cash and cash equivalents consist of highly liquid investments with original maturities of three months or less. As of December 31, 2019, we had $121.4 million in cash and cash equivalents, of which $49.2 million was held by our foreign subsidiaries. If these funds were needed for our operations in the U.S., we may potentially be required to pay foreign and U.S. state income taxes to repatriate these funds. As of December 31, 2019, only the earnings in our Indian foreign subsidiaries are indefinitely reinvested. The earnings of all other foreign entities are no longer indefinitely reinvested. We are also permanently reinvested for outside book/tax basis differences related to foreign subsidiaries. These outside basis differences could reverse through sales of the foreign subsidiaries, as well as various other events, none of which are considered probable as of December 31, 2019.
Table:
 | December 31, | 
 | 2019 | 2018
Cash and cash equivalents | $121,398 | $148,502
Availability under revolving credit facility | 261,000 | 500,000
Total liquidity | $382,398 | $648,502


Question: What was the change in total liquidity between 2018 and 2019?
Answer: 266104
Calculation: $648,502-$382,398
(1) Mr. Clark did not receive a FY19 EAIP payout.
(2) Pursuant to the terms of Mr. Noviello’s Transition Services Agreement dated January 31, 2019 (the ‘‘Transition Services Agreement’’), Mr. Noviello received 75% of his target FY19 EAIP amount under the Company’s Executive Severance Plan because it was greater than the amount that he would have earned under the FY19 EAIP irrespective of individual performance.
(3) Ms. Cappellanti-Wolf and Messrs. Kapuria and Taylor each earned an individual performance factor of 100%. In determining the appropriate individual performance factor for each of these executives, the Compensation Committee, with recommendation of the CEO, considered leadership, contributions to NortonLifeLock’s achievement of its goals, and strategic planning among other factors.
(4) The Compensation Committee did not exercise its discretion to reduce any payouts.
Table:
 | FY19 EAIP NEO Payout Amounts |  |  |  | 
NEO | Base Salary | Annual Incentive Target (%) | Company Performance Funding (%) | Individual Performance Factor (%) | Individual Payout Amount ($)(4)
Gregory S. Clark(1) | 1,000,000 | 150 | n/a | n/a | 0
Nicholas R. Noviello(2) | 650,000 | 100 | n/a | n/a | 487,500
Amy L. Cappellanti-Wolf(3) | 440,000 | 70 | 35.6 | 100 | 109,648
Samir Kapuria(3) | 450,000 | 100 | 35.6 | 100 | 152,172
Scott C. Taylor(3) | 600,000 | 100 | 35.6 | 100 | 213,600


Question: What is the NEOs' total salary?
Answer: 3140000
Calculation: 1,000,000+650,000+440,000+450,000+600,000
Note 8: Net Income per Share
Basic net income per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted net income per share is computed using the treasury stock method, for dilutive stock options, restricted stock units, and convertible notes.
The following table reconciles the numerators and denominators of the basic and diluted computations for net income per share.
(1) Diluted shares outstanding do not include any effect resulting from note hedges associated with the Company’s 2018 Notes as their impact would have been anti-dilutive.
Table:
 |  | YearEnded | 
 | June 30, 2019 | June 24, 2018 | June 25, 2017
 |  | (in thousands, except per share data) | 
Numerator: |  |  | 
Net income | $2,191,430 | $2,380,681 | $1,697,763
Denominator: |  |  | 
Basic average shares outstanding | 152,478 | 161,643 | 162,222
Effect of potential dilutive securities: |  |  | 
Employee stock plans | 1,323 | 2,312 | 2,058
Convertible notes | 5,610 | 12,258 | 16,861
Warrants | 504 | 4,569 | 2,629
Diluted average shares outstanding | 159,915 | 180,782 | 183,770
Net income per share-basic | $14.37 | $14.73 | $10.47
Net income per share-diluted | $13.70 | $13.17 | $9.24


Question: How is the basic net income per share computed?
Answer: by dividing net income by the weighted-average number of common shares outstanding during the period
entergy mississippi , inc . management 2019s financial discussion and analysis results of operations net income 2017 compared to 2016 net income increased $ 0.8 million primarily due to higher other income , lower other operation and maintenance expenses , and lower interest expense , substantially offset by higher depreciation and amortization expenses and a higher effective income tax rate . 2016 compared to 2015 net income increased $ 16.5 million primarily due to lower other operation and maintenance expenses , higher net revenues , and a lower effective income tax rate , partially offset by higher depreciation and amortization expenses . net revenue 2017 compared to 2016 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory credits . following is an analysis of the change in net revenue comparing 2017 to 2016 . amount ( in millions ) .

Table:
 | amount ( in millions )
2016 net revenue | $ 705.4
volume/weather | -18.2 ( 18.2 )
retail electric price | 13.5
other | 2.4
2017 net revenue | $ 703.1
the volume/weather variance is primarily due to the effect of less favorable weather on residential and commercial sales .
the retail electric price variance is primarily due to a $ 19.4 million net annual increase in rates , effective with the first billing cycle of july 2016 , and an increase in the energy efficiency rider , effective with the first billing cycle of february 2017 , each as approved by the mpsc .
the increase was partially offset by decreased storm damage rider revenues due to resetting the storm damage provision to zero beginning with the november 2016 billing cycle .
entergy mississippi resumed billing the storm damage rider effective with the september 2017 billing cycle .
see note 2 to the financial statements for more discussion of the formula rate plan and the storm damage rider. .

Question: what was the average net revenue between 2016 and 2017 in millions
Answer: 704.25
Calculation: add(703.1, 705.4), add(#0, const_2), divide(#1, const_2)
Film and Electrolytic
The table below sets forth net sales, operating income (loss) and operating income (loss) as a percentage of net sales for our Film and Electrolytic reportable segment for the fiscal years 2018 and 2017 (amounts in thousands, except percentages):
(1) Fiscal years ending March 31, 2018 and 2017 adjusted due to the adoption of ASC 606
Net Sales
Film and Electrolytic net sales of $202.0 million in fiscal year 2018 increased $19.7 million or 10.8% from $182.2 million in fiscal year 2017. The increase in net sales was primarily driven by an increase in net sales in the distributor channel across all the APAC and EMEA regions of $13.7 million, a $3.3 million increase in net sales in the OEM channel of the EMEA region and a $4.2 million increase in the EMS channel across the Americas, EMEA, and APAC regions. These increases were partially offset by a decrease in net sales of $1.2 million in the OEM channel across the Americas, APAC, and JPKO regions. In addition, there was a favorable impact of $7.6 million from foreign currency exchange primarily due to the change in the value of the Euro compared to the U.S. dollar.
Reportable Segment Operating Income (Loss)
Segment operating income of $3.6 million in fiscal year 2018 improved $12.7 million from $9.0 million of operating loss in fiscal year 2017. The improvement was primarily attributable to a $4.3 million increase in gross margin driven by higher net sales, as well as the benefit of completed restructuring activities. The increase was also attributed to an $11.7 million improvement in (gain) loss on the write down and disposal of long-lived assets. These improvements were partially offset by a $2.1 million increase in restructuring charges, a $0.7 million increase in SG&A expenses, and a $0.6 million increase in R&D expenses.
Table:
 | For the Fiscal Years Ended |  |  | 
 | March 31, 2018 |  | March 31, 2017 | 
 | Amount | % to Net Sales | Amount | % to Net Sales
Net sales (1) | $201,977 |  | $182,228 | 
Segment operating income (loss) (1) | 3,622 | 1.8% | (9,028) | (5.0)%


Question: What was the percentage change in the segment operating income (loss) between 2017 and 2018?
Answer: -140.12
Calculation: ((3,622-(-9,028))/-9,028) * 100
Contractual obligations
As of December 31, 2019, our contractual obligations were:
(1) See "9. Leases" in Item 8 of this Annual Report for additional information.
(2) Represents the fixed or minimum amounts due under purchase obligations for hosting services and sales and marketing programs
(3) We are unable to reasonably estimate the timing of the cash outflow due to uncertainties in the timing of the effective settlement of tax positions.
(4) Represents the maximum funding that would be expected under existing investment agreements with privately-held companies. Our investment agreements generally allow us to withhold unpaid committed funds at our discretion.
A detailed discussion and analysis of the fiscal year 2017 year-over-year changes can be found in Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations of our Annual Report on Form 10-K for the year ended December 31, 2018.
Table:
 |  |  | Payments due by period |  |  | 
(in thousands) | 2020 | 2021 - 2022 | 2023 - 2024 | 2025 and thereafter | Other | Total
Operating lease obligations (1) | 19,373 | 36,373 | 19,683 | 1,666 | - | $77,095
Purchase obligations (2) | $24,800 | $8,129 | $438 | $ - | $ - | $33,367
Liability for uncertain tax positions (3) | - | - | - | - | 5,386 | $5,386
Investment commitments (4) | 1,754 | 205 | - | - | - | $1,959
Total | $45,927 | $44,707 | $20,121 | $1,666 | $5,386 | $117,807


Question: What does the company's liability for uncertain tax positions refer to?
Answer: unable to reasonably estimate the timing of the cash outflow due to uncertainties in the timing of the effective settlement of tax positions.
Contract Balances
Timing of revenue recognition may differ from the timing of invoicing to customers. We record a receivable when revenue is recognized prior to invoicing, or unearned revenue when revenue is recognized subsequent to invoicing. For multi-year agreements, we generally invoice customers annually at the beginning of each annual coverage period. We record a receivable related to revenue recognized for multi-year on-premises licenses as we have an unconditional right to invoice and receive payment in the future related to those licenses.
As of June 30, 2019 and 2018, long-term accounts receivable, net of allowance for doubtful accounts, was $2.2 billion and $1.8 billion, respectively, and is included in other long-term assets in our consolidated balance sheets.
The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance. We determine the allowance based on known troubled accounts, historical experience, and other currently available evidence.
Activity in the allowance for doubtful accounts was as follows:
Table:
(In millions) |  |  | 
Year Ended June 30, | 2019 | 2018 | 2017
Balance, beginning of period | $   397 | $  361 | $  409
Charged to costs and other | 153 | 134 | 58
Write-offs | (116) | (98) | (106)
Balance, end of period | $ 434 | $  397 | $  361


Question: When are multi-year agreement customers invoiced?
Answer: For multi-year agreements, we generally invoice customers annually at the beginning of each annual coverage period.
We have included Adjusted EBITDA in this report because it is a key measure that our management uses to understand and evaluate our core operating performance and trends, to generate future operating plans, to make strategic decisions regarding the allocation of capital and to make investments in initiatives that are focused on cultivating new markets for our solutions. We also use certain non-GAAP financial measures, including Adjusted EBITDA, as performance measures under our executive bonus plan. Further, we believe the exclusion of certain expenses in calculating Adjusted EBITDA facilitates comparisons of our operating performance on a period-to-period basis and, in the case of exclusion of acquisition-related expense and certain historical legal expenses, excludes items that we do not consider to be indicative of our core operating performance. Accordingly, we believe that Adjusted EBITDA 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.
Our use of Adjusted EBITDA 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. Some of these limitations are: (a) although depreciation and amortization are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements; (b) Adjusted EBITDA does not reflect changes in, or cash requirements for, our working capital needs; (c) Adjusted EBITDA does  may represent a reduction in cash available to us; and (e) other companies, including companies in our industry, may calculate Adjusted EBITDA or similarly titled measures differently, which reduces its usefulness as a comparative measure.
Because of these and other limitations, you should consider Adjusted EBITDA alongside our other GAAP-based financial performance measures, our net income and our other GAAP financial results. The following table presents a reconciliation of Adjusted EBITDA to net income, the most directly comparable GAAP measure, for each of the periods indicated (in thousands).
Table:
 |  |  | Year Ended December 31, |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
Adjusted EBITDA: |  |  |  |  | 
Net income | $53,330 | $21,524 | $29,251 | $10,154 | $11,768
Adjustments: |  |  |  |  | 
Interest expense, interest income and other income, net | (8,483) | 503 | 1,133 | (323) | 526
Provision for / (benefit from) income taxes | 5,566 | (9,825) | 2,990 | 4,227 | 5,697
Amortization and depreciation expense | 22,134 | 21,721 | 17,734 | 6,490 | 5,808
Stock-based compensation expense | 20,603 | 13,429 | 7,413 | 4,001 | 4,124
Acquisition-related expense | 2,403 | — | 5,895 | 11,098 | 100
Litigation expense | 12,754 | 45,729 | 7,212 | 13,387 | 6,347
Total adjustments | 54,977 | 71,557 | 42,377 | 38,880 | 22,602
Adjusted EBITDA | $108,307 | $93,081 | $71,628 | $49,034 | $34,370


Question: What was the net income in 2019?
Answer: $53,330
Contractual Obligations
Obligations under long-term debt; non-cancelable operating leases; purchase obligations relating to feed grains, other feed ingredients and packaging supplies; construction contracts and claims payable relating to the Company’s workers’ compensation insurance policy at October 31, 2019, were as follows:
Table:
 |  |  | Payments Due By Period (in thousands)  |  | 
Contractual Obligations | Total | Less than 1 Year | 1-3 Years | 3-5  Years | 5 Years
Operating leases  | 47,774 | $15,363 | $22,919 | $ 9,382 | $110
Long-term debt  | 55,000 | — | — | 55,000 | —
Purchase obligations:    |  |  |  |  | 
Feed grains, feed ingredients and packaging supplies | 199,097 | 199,097 | — |  | 
Construction contracts and other  | 8,996 | 8,996 | — | — | —
Claims payable  | 20,587 | 9,687 | 10,900 | — | —
Total  | 331,454 | $233,143 | $33,819 | $ 64,382 | $110


Question: What is the total purchasing obligations due?
Answer: 208093
Calculation: 199,097+ 8,996
11. Reportable Segments, Geographic Information and Major Customers
Reportable segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or group, in assessing performance and allocating resources. The Company uses an internal management reporting system, which provides important financial data to evaluate performance and allocate the Company’s resources on a regional basis. Net sales for the segments are attributed to the region in which the product is manufactured or the service is performed. The services provided, manufacturing processes used, class of customers serviced and order fulfillment processes used are similar and generally interchangeable across the segments. A segment’s performance is evaluated based upon its operating income (loss). A segment’s operating income (loss) includes its net sales less cost of sales and selling and administrative expenses, but excludes corporate and other expenses. Corporate and other expenses  fiscal 2019 and the $13.5 million one-time employee bonus paid to full-time, non-executive employees during fiscal 2018 due to the Company's ability to access overseas cash as a result of Tax Reform (the "one-time employee bonus"). These costs are not allocated to the segments, as management excludes such costs when assessing the performance of the segments. Inter-segment transactions are generally recorded at amounts that approximate arm’s length transactions. The accounting policies for the segments are the same as for the Company taken as a whole.
Information about the Company’s three reportable segments for fiscal 2019, 2018 and 2017 is as follows (in thousands):
Table:
 | September 28,
2019 | September 29,
2018
Total assets: |  | 
AMER  | $751,990 | $645,791
APAC  | 958,744 | 937,510
EMEA  | 209,541 | 193,797
Corporate and eliminations | 80,608 | 155,544
 | $2,000,883 | $1,932,642


Question: What was the total assets in 2018?
Answer: 1,932,642