hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
performance graph the following graph compares the yearly change in the cumulative total stockholder return for our last five full fiscal years , based upon the market price of our common stock , with the cumulative total return on a nasdaq composite index ( u.s . companies ) and a peer group , the nasdaq medical equipment-sic code 3840-3849 index , which is comprised of medical equipment companies , for that period . the performance graph assumes the investment of $ 100 on march 31 , 2007 in our common stock , the nasdaq composite index ( u.s . companies ) and the peer group index , and the reinvestment of any and all dividends. .

Table:
 | 3/31/2007 | 3/31/2008 | 3/31/2009 | 3/31/2010 | 3/31/2011 | 3/31/2012
abiomed inc | 100 | 96.19 | 35.87 | 75.55 | 106.37 | 162.45
nasdaq composite index | 100 | 94.11 | 63.12 | 99.02 | 114.84 | 127.66
nasdaq medical equipment sic code 3840-3849 | 100 | 82.91 | 41.56 | 77.93 | 94.54 | 74.40
this graph is not 201csoliciting material 201d under regulation 14a or 14c of the rules promulgated under the securities exchange act of 1934 , is not deemed filed with the securities and exchange commission and is not to be incorporated by reference in any of our filings under the securities act of 1933 , as amended , or the exchange act whether made before or after the date hereof and irrespective of any general incorporation language in any such filing .
transfer agent american stock transfer & trust company , 59 maiden lane , new york , ny 10038 , is our stock transfer agent. .

Question: did abiomed outperform the nasdaq composite index?
Answer: yes
Calculation: greater(162.45, 127.66)
With the highest-performance networks and unmatched new services and content, Bell is building a better communications experience at home, in the workplace and on the go.
And customers are responding: In 2019, Bell welcomed the industry’s highest number of new subscribers across the growth services of retail Internet, IPTV and wireless and diligently managed the decline in traditional home phone and other legacy services.
The speed and quality of Canada’s Best National Mobile Network drove unparalleled gains in both postpaid and prepaid wireless, Internet growth accelerated with the fastest consumer home Internet service available, while Fibe TV and Alt TV are winning customers over with leading product and programing innovations.
(1) Excludes wholesale subscribers.
(2) Excludes business telephone services.
Table:
BCE retail subscribers |  |  | 
(millions) | 2019 | 2018 | Change
Wireless | 9.96 | 9.61 | +3.6%
High-speed Internet(1) | 3.56 | 3.41 | +4.3%
Television(1) | 2.77 | 2.77 | +0.2%
Total growth services, subscribers: retail Internet, IPTV and wireless | 16.29 | 15.79 | +3.2%
Local residential telephone services(1)(2) | 2.70 | 2.96 | (8.9%)
Total(2) | 18.98 | 18.75 | +1.3%


Question: What is the difference in the number of BCE retail subscribers between Wireless and High-speed Internet in 2018?
Answer: 6.2
Calculation: 9.61-3.41
The following table presents a reconciliation of revenue to constant currency revenue (in thousands, except for revenue growth):
Total revenue growth declined to 7% in 2019 from 12% in 2018. Our growth rate can depend on a variety of factors, such as new customers, the size, volume, and complexity of our agreements with our customers, foreign currency movements, our ability to work with our customers to implement and deliver our products, our ability to upsell and renew our existing customers, the success of our alliance and partnership arrangements, and the expansion of our business through emerging markets. The decline in the growth rate of total revenue was driven by our strategic plan to transition away from one-time professional services and recommit our efforts to grow recurring revenue and free cash flows.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Revenue | $576,523 | $537,891 | $481,985
Foreign exchange effect on current period revenue using prior year rates | 7,077 | (5,291) | 5,865
Constant currency revenue | $583,600 | $532,600 | $487,850
Revenue growth | 7.2% | 11.6% | 13.9%
Constant currency revenue growth | 8.5% | 10.5% | 15.3%


Question: What was constant currency revenue in 2019?
Answer: $583,600
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 is the tax rate that all dividends are franked at?
Answer: All dividends are fully franked at a 30% tax rate.
Property and equipment, net by geographic location consists of the following:
(1) Includes amounts capitalized related to the Company’s U.S. build-to-suit facility of $41.8 million and $39.4 million as of March 31, 2019 and 2018, respectively.
(2) Includes amounts capitalized related to the Company’s U.K. build-to-suit facility of $31.2 million as of March 31, 2018. In March 2019, the Company derecognized the U.K. build-to-suit facility upon substantial completion of construction. See Note 12 for further details.
Table:
 | As of March 31, | 
 | 2019 | 2018
United States (1)  | $62,455 | $62,064
United Kingdom (2)   | 17,402 | 46,664
South Africa   | 6,170 | 6,512
Australia   | 3,481 | 3,953
Other   | 4,694 | 4,629
Total  | $94,202 | $123,822


Question: What is the change in Property and equipment, net in United States from Year Ending March 31, 2018 to 2019?
Answer: 391
Calculation: 62,455-62,064
Unrecognized Tax Benefits
We are providing the following disclosures related to our unrecognized tax benefits and the effect on our effective income tax rate if recognized:
In 2019, our unrecognized tax benefit increased by $33.9 million, primarily related to increases in North America. In 2018, we increased our unrecognized tax benefit by $142.1 million, also primarily related to North America.
If the unrecognized tax benefits at December 31, 2019 were recognized, our income tax provision would decrease by $343.5 million, resulting in a substantially lower effective tax rate. Based on the potential outcome of the Company’s global tax examinations and the expiration of the statute of limitations for specific jurisdictions, it is possible that the unrecognized tax benefits could change significantly within the next 12 months. Absent resolution of significant tax controversy, the associated impact on the reserve balance is estimated to be a decrease in the range of $4.6 to $6.6 million during 2020.
We recognize interest and penalties associated with unrecognized tax benefits in our income tax provision in the Consolidated Statements of Operations. Interest and penalties recorded were $13.1 million, negligible and $4.0 million, respectively in 2019, 2018 and 2017. We had gross liabilities, for interest and penalties, of $56.2 million at December 31, 2019, $18.2 million at December 31, 2018 and $14.8 million at December 31, 2017. The increase in the gross liability related to interest and penalties from 2018 to 2019 was primarily due to a reclass within other non-current liabilities from unrecognized tax benefits to interest and penalties which had no impact on the overall Consolidated Balance Sheets or Consolidated Statement of Operations.
The majority of the unrecognized tax benefit amount of $390.3 million relates to North America.
Table:
 |  | Year Ended December 31, | 
(in millions) | 2019 | 2018 | 2017
Beginning balance of unrecognized tax benefits | $ 356.4 | $ 214.3 | $ 162.6
Additions for tax positions of current year | 3.4 | 106.0 | 7.3
Additions for tax positions of prior years | 47.9 | 59.5 | 49.3
Reductions for tax positions of prior years | (16.0) | (7.0) | (4.3)
Reductions for lapses of statutes of limitation and settlements | (1.4) | (16.4) | (0.6)
Ending balance of unrecognized tax benefits | $ 390.3 | $ 356.4 | $ 214.3


Question: Where does the majority of the unrecognized tax benefit relate to?
Answer: North America
Prepayments
Prepayments consist of the following and are included in prepayments and other current assets on the balance sheet:
Table:
 | 2019 | 2018
 | (in thousands) | 
Contract manufacturer and supplier prepayments | $143,392 | $131,642
Prepaid taxes | 8,046 | 9,646
Prepaid maintenance and other services | 8,503 | 8,487
Other prepayments | 16,753 | 12,744
Total prepayments | $176,694 | $162,519


Question: What are the components making up total prepayments in the table?
Answer: Contract manufacturer and supplier prepayments, Prepaid taxes, Prepaid maintenance and other services, Other prepayments
7. LOANS PAYABLE
Plan B, a subsidiary of the Company, entered into a business loan agreement, prior to being acquired by the Company, with Tri Counties Bank dated March 14, 2014, in the original amount of $131 bearing interest at 4.95%. The loan agreement called for monthly payments of $2 and was scheduled to mature on March 14, 2019. Proceeds from the loan were used to purchase a pile driver and related equipment and is secured by the equipment. The loan was fully paid off during the year ended December 31, 2019.
Plan B entered into a business loan agreement prior to being acquired by the Company, with Tri Counties Bank dated April 9, 2014, in the original amount of $250 bearing interest at 4.95%. The loan agreement calls for monthly payments of $5 and was scheduled to mature on April 9, 2019. Proceeds from the loan were used to purchase racking inventory and related equipment. The loan was secured by the inventory and equipment. The loan was fully paid off during the year ended December 31, 2019.
On January 5, 2016, the Company entered into a loan agreement for the acquisition of a pile driver in the principal amount of $182 bearing interest at 5.5%. The loan agreement calls for monthly payments of $4 and is scheduled to mature on January 15, 2020. The loan is secured by the equipment. The outstanding balance at December 31, 2019, is $4.
On September 8, 2016, the Company entered into a loan agreement for the acquisition of a pile driver in the principal amount of $174 bearing interest at 5.5%. The loan agreement calls for monthly payments of $4 and is scheduled to mature on September 15, 2020. The loan is secured by the equipment. The outstanding balance at December 31, 2019, is $36.
On November 14, 2016, the Company entered into a 0% interest loan agreement for the acquisition of an excavator in the principal amount of $59. The loan agreement calls for monthly payments of $1 and is scheduled to mature on November 13, 2020. The loan is secured by the equipment. The outstanding balance at December 31, 2019, is $13.
On December 23, 2016, the Company entered into a loan agreement for the acquisition of modular office systems and related furniture in the principal amount of $172 bearing interest at 4.99%. The loan agreement calls for 16 quarterly payments of $12 and is scheduled to mature in September 2020. The loan is secured by the equipment. The outstanding balance at December 31, 2019, is $35.
As of December 31, 2019 and 2018, loans payable are summarized as follows:
Table:
 | 2019 | 2018
Business loan agreement dated March 14, 2014 | - | 7
Business loan agreement dated April 9, 2014 | - | 19
Equipment notes payable | 88 | 241
Subtotal | 88 | 267
Less: Current position | (88) | (179)
Long-term position | - | $88


Question: What is the percentage change in the subtotal loans payable from 2018 to 2019?
Answer: -67.04
Calculation: ((88-267)/267) * 100
Equity in net earnings of affiliates:
The decrease in the share of net earnings in Golar Partners is as a result of a decrease in the underlying performance of Golar Partners in 2018. As a result, during the year ended December 31, 2018, we recognized an impairment charge of $149.4 million. The year ended December 31, 2017 included a deemed loss on disposal of $17.0 million as a result of a dilution in our holding in Golar Partners due to further issuances of common units by Golar Partners in February 2017. As of December 31, 2018, we held a 32.0% (2017: 31.8%) ownership interest in Golar Partners (including our 2% general partner interest) and 100% of IDRs.
The share of net earnings in other affiliates represents our share of equity in Egyptian Company for Gas Services S.A.E ("ECGS") and Avenir LNG Limited ("Avenir"). During the year ended December 31, 2018 we recognized negative goodwill of $3.8 million in equity in net earnings of affiliates to reflect our bargain purchase of Avenir. Refer to note 14 "Investment in Affiliates" of our consolidated financial statements included herein for further details.
Table:
 |  | December 31, |  | 
(in thousands of $) | 2018 | 2017 | Change | % Change
Share of net earnings in Golar Partners | 7,001 | 17,702 | (10,701) | (60)%
Impairment of investment in Golar Partners | (149,389) | — | (149,389) | 100%
Net loss on deemed disposal of investments in Golar Partners | — | (16,992) | 16,992 | 100%
Share of net earnings in other affiliates | 3,711 | 793 | 2,918 | 368%
 | (138,677) | 1,503 | (140,180) | (9,327)%


Question: In which years was the equity in net earnings of affiliates recorded for?
Answer: 2018, 2017
25. Deferred income
The Group’s deferred income balances relate solely to revenue from contracts with customers.
Table:
 | 2019 | 2018
 | $ million | $ million
Current | 53.2 | 55.2
Non-current | 13.6 | 14.4
 | 66.8 | 69.6


Question: In which year was the deferred income larger?
Answer: 2018
Calculation: 69.6>66.8
Property, Plant and Equipment
Property, plant and equipment consists of the following (in millions):
Depreciation expense attributed to property, plant and equipment was $180.6 million, $123.7 million and $122.9 million for the fiscal years ending March 31, 2019, 2018 and 2017, respectively.
Table:
 | March 31, | 
 | 2019 | 2018
Land | $83.4 | $73.4
Building and building improvements | 647.6 | 508.5
Machinery and equipment | 2,095.5 | 1,943.9
Projects in process | 119.2 | 118.3
Total property, plant and equipment, gross | 2,945.7 | 2,644.1
Less accumulated depreciation and amortization | 1,949.0 | 1,876.2
Total property, plant and equipment, net | $996.7 | $767.9


Question: What was the Building and building improvements in 2018?
Answer: 508.5
5. Balance Sheet Components
Deferred Revenue
Deferred revenue relates to performance obligations for which payments have been received by the customer prior to revenue recognition. Deferred revenue primarily consists of deferred software, or amounts allocated to mobile dashboard and on-line apps and unspecified upgrade rights. Deferred revenue also includes deferred subscription-based services. The deferred software and deferred subscription-based service performance obligations are anticipated to be recognized over the useful life or service periods of one to eighteen months.
Changes in the total short-term and long-term deferred revenue balance were as follows (in thousands):
Table:
 |  | December 31, | 
 | 2019 | 2018 | 2017
Beginning balances | $36,836 | $42,432 | $49,904
Deferral of revenue | 45,040 | 40,003 | 46,193
Recognition of deferred revenue | (41,034) | (45,599) | (53,665)
Ending balances | $40,842 | $36,836 | $42,432


Question: What is the definition of deferred revenues?
Answer: Performance obligations for which payments have been received by the customer prior to revenue recognition.
performance graph the following graph and table compares the cumulative five-year total return provided to shareholders on our class a common stock relative to the cumulative total returns of the s&p 500 index and our customized peer group . the peer group includes cboe holdings , inc. , intercontinentalexchange group , inc . and nasdaq , inc . an investment of $ 100 ( with reinvestment of all dividends ) is assumed to have been made in our class a common stock , in the peer group and the s&p 500 index on december 31 , 2012 , and its relative performance is tracked through december 31 , 2017 . comparison of 5 year cumulative total return* among cme group inc. , the s&p 500 index , and a peer group 12/12 12/13 12/14 12/15 12/16 cme group inc . s&p 500 peer group * $ 100 invested on 12/31/12 in stock or index , including reinvestment of dividends . fiscal year ending december 31 . copyright a9 2018 standard & poor 2019s , a division of s&p global . all rights reserved . the stock price performance included in this graph is not necessarily indicative of future stock price performance. .

Table:
 | 2013 | 2014 | 2015 | 2016 | 2017
cme group inc . | $ 164.01 | $ 194.06 | $ 208.95 | $ 279.85 | $ 370.32
s&p 500 | 132.39 | 150.51 | 152.59 | 170.84 | 208.14
peer group | 176.61 | 187.48 | 219.99 | 249.31 | 323.23
unregistered sales of equity securities during the past three years there have not been any unregistered sales by the company of equity securities. .

Question: what is the anualized return for s&p 500 from 2012 to 2017?
Answer: 2%
Calculation: subtract(208.14, 100), divide(#0, 100), divide(const_1, const_5), exp(#1, #2), subtract(#3, const_1)
The fair value of the derivative feature of the 127,346 and 295,945 warrants issued to the placement agent of the Company’s 2016 private offering and to a holder of its debt for debt cancellation in connection with the Merger, respectively on the issuance dates and at the balance sheet date were calculated using a Black-Scholes option model valued with the following assumptions:
Risk-free interest rate: The Company uses the risk-free interest rate of a U.S. Treasury Note with a similar expected term on the date of measurement.
Dividend yield: The Company uses a 0% expected dividend yield as the Company has not paid dividends to date and does not anticipate declaring dividends in the near future.
Volatility: The Company calculates the expected volatility of the stock price based on the corresponding volatility of the Company’s peer group stock price for a period consistent with the warrants’ expected term.
Expected term: The Company’s expected term is based on the remaining contractual maturity of the warrants.
During the year ended December 31, 2019 and 2018, the Company marked the derivative feature of the warrants to fair value and recorded a loss of $343,857 and a gain
of $250,241 relating to the change in fair value, respectively.
Table:
 | December 31, 2018 | December 31, 2019
Exercise price | 1.25 | 1.25
Risk-free interest rate | 2.46% | 1.59%
Dividend yield | 0.00% | 0.00%
Expected volatility | 152% | 133%
Contractual term | 2.15 years | 1.15 years


Question: How does the company derive the dividend yield?
Answer: 0% expected dividend yield as the Company has not paid dividends to date and does not anticipate declaring dividends in the near future
The following table presents a reconciliation of revenue to constant currency revenue (in thousands, except for revenue growth):
Total revenue growth declined to 7% in 2019 from 12% in 2018. Our growth rate can depend on a variety of factors, such as new customers, the size, volume, and complexity of our agreements with our customers, foreign currency movements, our ability to work with our customers to implement and deliver our products, our ability to upsell and renew our existing customers, the success of our alliance and partnership arrangements, and the expansion of our business through emerging markets. The decline in the growth rate of total revenue was driven by our strategic plan to transition away from one-time professional services and recommit our efforts to grow recurring revenue and free cash flows.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Revenue | $576,523 | $537,891 | $481,985
Foreign exchange effect on current period revenue using prior year rates | 7,077 | (5,291) | 5,865
Constant currency revenue | $583,600 | $532,600 | $487,850
Revenue growth | 7.2% | 11.6% | 13.9%
Constant currency revenue growth | 8.5% | 10.5% | 15.3%


Question: What was revenue growth rate in 2019?
Answer: 7.2%
10.2. Assets held for sale
On 21 December 2018, the Group entered into an agreement for the divestment of a component of freehold investment property in Melbourne, Victoria for $1m. This has been included within fair value adjustments in the statement of profit or loss. This transaction settled on 15 January 2019.
On 28 June 2019, the Group entered into an agreement for the sale of commercial investment property in Dunedin, New Zealand for NZD $1.3m less cost of sale of NZD $0.1m (AUD $1.2m less cost of sale of $0.1m). This has resulted in an unrealised gain of NZD $1.2m (AUD $1.1m) on the asset’s carrying value. This has been included within fair value adjustments in the statement of profit or loss.
As at 1 July 2018, the Group held a contractual agreement for the sale of the land and buildings of the Croydon self-storage centre for $5.8m, less cost of sale of $0.1m. This resulted in this asset being classified as held for sale. Due to unforeseen circumstances outside of the Group’s control this transaction did not proceed. At 30 June 2019 the asset has been classified as freehold investment property and is no longer held for sale.
Table:
 |  | 2019 | 2018
 | Notes | $'000 | $'000
Current assets |  |  | 
Opening balance at 1 July |  | 5,713 | 5,713
Item reclassified from freehold investment property | 10.4 | 2,068 | 4,400
Item reclassified to freehold investment property | 10.4 | (5,713) | 
Disposals during the year |  | (961) | (4,400)
Total assets held for sale |  | 1,107 | 5,713


Question: Which agreement was entered by the group on 21 December 2018?
Answer: agreement for the divestment of a component of freehold investment property in Melbourne, Victoria for $1m.