hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
5. PROPERTY AND EQUIPMENT, NET
Property and equipment, at cost, consisted of the following at December 31, 2019 and 2018 (in thousands):
Depreciation expense related to property and equipment was approximately $0.04 million and $0.13 million in 2019 and 2018, respectively. Depreciation expense includes depreciation related to finance leases of approximately $0.001 million and $0.002 million for the periods ended December 31, 2019 and 2018, respectively. Our finance leases have original terms of one to three years. The principal payments for these finance leases are reflected as cash outflows from financing activities in the accompanying consolidated statements of cash flows. Future minimum lease payments under our capital leases that have initial terms in excess of one year are included in “Leases” in Note 8.     Depreciation expense related to property and equipment was approximately $0.04 million and $0.13 million in 2019 and 2018, respectively. Depreciation expense includes depreciation related to finance leases of approximately $0.001 million and $0.002 million for the periods ended December 31, 2019 and 2018, respectively. Our finance leases have original terms of one to three years. The principal payments
In connection with the relocation of our corporate headquarters in July 2019, we disposed of a number of assets that were no longer in use. For each of the years ended December 31, 2019 and 2018, we recorded a loss on disposal of fixed assets of approximately $0.01 million.  In connection with the relocation of our corporate headquarters in July 2019, we disposed of a number of assets that were no longer in use. For each of the years ended December 31, 2019 and 2018, we recorded a loss on disposal of fixed assets of approximately $0.01 million.
In connection with the closure of our Lake Mary facility in 2018, we reclassified equipment with a net book value of approximately $0.07 million to assets held for sale. We contracted with a third party for the consignment sale of these assets and completed sales for several assets in 2018 and 2019. For the year ended December 31, 2019, we recognized a net loss of approximately $0.04 million on the sale and/or impairment of assets held for sale. For the year ended December 31, 2018, we recognized a gain of approximately $0.01 million on assets held for sale. The gains and losses on the sale or impairment of held for sale assets is included in selling, general and administrative expenses in the accompanying statements of comprehensive loss.
Table:
 | 2019 | 2018
Equipment and software, including equipment purchased under capital leases of $6 and $17 at December 31, 2019 and 2018, respectively | $260 | $1,555
Leasehold improvements | 33 | 786
Furniture and fixtures | 43 | 182
 | 336 | 2,523
Less accumulated depreciation, including accumulated depreciation for equipment purchased under capital leases of $3 and $13 at December 31, 2019 and 2018, respectively | (266) | (2,394)
 | $70 | $129


Question: What % of the total property and equipment does "Equipment and software" make up in 2019, before considering depreciation?
Answer: 77.38
Calculation: (260/336) * 100
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: without the loss of in volume/weather , what percent increase would net revenue have experienced between 2016 and 2017?
Answer: 2.25%
Calculation: add(703.1, 18.2)
Movements in ordinary share capital
Ordinary Shares
Ordinary shares entitle the holder to participate in dividends and the proceeds on the winding up of the company in proportion to the number of and amounts paid on the shares held. The fully paid ordinary shares have no par value and the company does not have a limited amount of authorised capital.
On a show of hands every member present at a meeting in person or by proxy shall have one vote and upon a poll each share shall have one vote.
Table:
 |  |  | Issue price | 
Details | Date | Shares | AU$US | $’000
Balance | 1 July 2017 | 130,215,813 |  | 125,177
Shares issued | 23 February 2018 | 69,129 | $8.52 | 458
Balance | 30 June 2018 | 130,284,942 |  | 125,635
Shares issued | 24 August 2018 | 69,129 | $8.46 | 423
Share issued | 24 August 2018 | 28,407 | $0.00 | -
Share issued | 21 December 2018 | 129,044 | $0.00 | -
Balance | 30 June 2019 | 130,511,522 |  | 126,058


Question: What is the number of Shares issued on feburary 2018? 
Answer: 69,129
3. MARKETABLE SECURITIES
As of December 31, 2019, the Company did not hold any marketable securities.
Table:
 |  | December 31, 2018 |  | 
(in thousands) | Amortized Cost | Unrealized Gains | Unrealized Losses | Fair Value
Municipal bonds | $44,802 | $13 | $(110) | $44,705
Corporate bonds | 48,499 | 23 | (226) | 48,296
 | $93,301 | $36 | $(336) | $93,001


Question: What are the respective values of the company's unrealized gains from its municipal and corporate bonds?
Answer: $13, 23
American Tower Corporation • 2019 Annual Report
Appendix 1 • Letter to Stakeholders
RECONCILIATION OF ADJUSTED EBITDA TO NET INCOME ($ in millions. Totals may not add due to rounding.)
Table:
 | 2015 | 2016 | 2017 | 20181 | 2019
Net Income | $672 | $970 | $1,225 | $1,265 | $1,917
Income tax provision (benefit) | 158 | 156 | 31 | (110) | (0)
Other expense (income) | 135 | 48 | (31) | (24) | (18)
Loss (gain) on retirement of long-term obligations | 80 | (1) | 70 | 3 | 22
Interest expense | 596 | 717 | 750 | 826 | 814
Interest income | (17) | (26) | (35) | (55) | (47)
Other operating expenses | 67 | 73 | 256 | 513 | 166
Depreciation, amortization and accretion | 1,285 | 1,526 | 1,716 | 2,111 | 1,778
Stock-based compensation expense | 91 | 90 | 109 | 138 | 111
ADJUSTED EBITDA | $3,067 | $3,553 | $4,090 | $4,667 | $4,745
Divided by total revenue | $4,772 | $5,786 | $6,664 | $7,440 | $7,580
ADJUSTED EBITDA MARGIN | 64% | 61% | 61% | 63% | 63%


Question: What was the net income in 2015?
Answer: $672
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 does the primary business of the company include?
Answer: manufacture, or “fabrication”, of semiconductors, sometimes called “chips” or “integrated circuits”, for others.
Cost of Revenues and Gross Margin
Cost of revenues in 2019 decreased by $4.3 million, or 16%, as compared to 2018. The decrease was primarily driven by a reduction in the number of global services and cloud infrastructure personnel, which led to a decrease of $2.2 million in compensation and benefits expense, including stock-based compensation expense, as compared to 2018. This reduction in headcount also contributed to a decrease in allocated facilities and information technology costs of $0.5 million in 2019. We also experienced a decrease of $0.9 million in hosting costs in 2019, due to a decline in the usage of our hosted platform as compared to 2018. Additionally, depreciation decreased $0.5 million in 2019, due to the nature and timing of capital expenditures and internal projects as compared to 2018.
Our gross margin decreased to 53% during 2019, as compared to 54% during 2018. This was primarily due to our revenues, net declining during the year at a slightly faster rate than the corresponding decrease in costs.
Table:
 | Years Ended December 31, |  | Change | 
 | 2019 | 2018 | $ | %
 |  | (dollars in thousands) |  | 
Cost of revenues | $22,843 | $27,154 | $(4,311) | (16)%
Gross profit | 26,193 | 31,477 | (6,284) | (17)
Gross margin | 53% | 54% |  | 


Question: What is the company's average cost of revenues in 2018 and 2019?
Answer: 24998.5
Calculation: (27,154 + 22,843)/2
4. PROPERTY AND EQUIPMENT, NET:
Property and equipment at September 2019 and September 2018 consisted of the following:
Table:
 | 2019 | 2018
Land | $773,068 | $773,068
Buildings and improvements | 12,574,893 | 12,206,908
Warehouse equipment | 15,011,605 | 13,424,236
Furniture, fixtures and leasehold improvements | 13,155,606 | 12,018,984
Vehicles | 3,687,901 | 3,229,551
Construction in progress | 617,881 | 743,278
 | 45,820,954 | 42,396,025
Less accumulated depreciation and amortization: | (28,165,539) | (26,627,541)
Owned property and equipment | $ 17,655,415 | $ 15,768,484


Question: What are the company's respective land value in 2018 and 2019?
Answer: $773,068, $773,068
Gross Profit
Gross profit in fiscal year 2019 increased to $444.8 million, or 18.7 percent of net sales from $382.3 million, or 17.7 percent of net sales for fiscal year 2018. Excluding the impact of the surcharge revenue, our gross margin in fiscal year 2019 was 22.9 percent compared to 21.3 percent in fiscal year 2018. The results reflect the impact of improved product mix coupled with capacity gains and operating cost reductions compared to the same period a year ago. Fiscal year 2019 also reflects an $11.4 million benefit related to an insurance recovery in our third fiscal quarter.
Our surcharge mechanism is structured to recover increases in raw material costs, although in certain cases with a lag effect as discussed above. While the surcharge generally protects the absolute gross profit dollars, it does have a dilutive effect on gross margin as a percent of sales. The following represents a summary of the dilutive impact of the surcharge on gross margin. We present and discuss these financial measures because management believes removing the impact of surcharge provides a more consistent and meaningful basis for comparing results of operations from period to period. See the section “Non-GAAP Financial Measures” below for further discussion of these financial measures.
Table:
 | Fiscal Year | 
($ in millions) | 2019 | 2018
Net sales | $2,380.2 | $2,157.7
Less: surcharge revenue | 438.1 | 365.4
Net sales excluding surcharge revenue | $1,942.1 | $1,792.3
Gross profit | $444.8 | $382.3
Gross margin | 18.7% | 17.7%
Gross margin excluding surcharge revenue | 22.9% | 21.3%


Question: What was the change in the amount of surcharge revenue from 2018 to 2019?
Answer: 72.7
Calculation: 438.1-365.4
Issuer Purchases of Equity Securities
(a) During the fourth quarter of 2015, Lifeway publicly announced a share repurchase program. On November 1, 2017, the our Board of Directors amended the 2015 stock repurchase program (the “2017 amendment”), by adding to (i.e., exclusive of the shares previously authorized under the 2015 stock program repurchase) the authorization the lesser of $5,185 or 625 shares. The program has no expiration date.
Table:
Period | Total number of shares purchased | Average price paid per share | Total number of shares purchased as part of a publicly announced program (a) | Approximate Dollar Value of Shares that may yet be Purchased under the Plans or Programs ($ in thousands)
1/1/2018 to 1/31/2018 | 106,441 | $ 8.22 | 106,441 | $ 5,007
2/1/2018 to 2/28/2018 | 24,486 | $ 7.21 | 24,486 | $ 4,830
4/1/2018 to 4/30/2018 | 15,433 | $ 6.09 | 15,433 | $ 4,736
6/1/2018 to 6/30/2018 | 4,143 | $ 5.46 | 4,143 | $ 4,714
8/1/2018 to 8/31/2018 | 1,332 | $ 3.96 | 1,332 | $ 4,709
9/1/2018 to 9/30/18 | 40,364 | $ 3.35 | 40,364 | $ 4,573
11/1/2018 to 11/30/18 | 17,228 | $ 2.99 | 17,228 | $ 4,522
12/1/2018 to 12/31/18 | 8,305 | $ 2.25 | 8,305 | $ 4,503
Fiscal Year 2018 | 217,732 | $ 6.33 | 217,732 | $ 4,503
1/1/2019 to 1/31/2019 | 46,743 | $ 2.54 | 46,743 | $ 4,384
2/1/2019 to 2/28/2019 | 9,100 | $ 2.75 | 9,100 | $ 4,358
3/1/2019 to 3/31/2019 | 26,932 | $ 2.24 | 26,932 | $ 4,298
4/1/2019 to 4/30/2019 | 4,300 | $ 2.24 | 4,300 | $ 4,288
5/1/2019 to 5/31/2019 | 57,817 | $ 2.49 | 57,817 | $ 4,145
6/1/2019 to 6/30/2019 | 11,146 | $ 2.32 | 11,146 | $ 4,119
8/1/2019 to 8/31/2019 | 37,567 | $ 2.69 | 37,567 | $ 4,018
9/1/2019 to 9/30/2019 | 17,531 | $ 2.98 | 17,531 | $ 3,965
Fiscal Year 2019 | 211,136 | $ 2.55 | 211,136 | $ 3,965


Question: What is the percentage change of the average price paid per share between fiscal year 2018 and 2019?
Answer: -59.72
Calculation: ((2.55-6.33)/6.33) * 100
American Tower Corporation • 2019 Annual Report
Appendix 1 • Letter to Stakeholders
RECONCILIATION OF ADJUSTED EBITDA TO NET INCOME ($ in millions. Totals may not add due to rounding.)
Table:
 | 2015 | 2016 | 2017 | 20181 | 2019
Net Income | $672 | $970 | $1,225 | $1,265 | $1,917
Income tax provision (benefit) | 158 | 156 | 31 | (110) | (0)
Other expense (income) | 135 | 48 | (31) | (24) | (18)
Loss (gain) on retirement of long-term obligations | 80 | (1) | 70 | 3 | 22
Interest expense | 596 | 717 | 750 | 826 | 814
Interest income | (17) | (26) | (35) | (55) | (47)
Other operating expenses | 67 | 73 | 256 | 513 | 166
Depreciation, amortization and accretion | 1,285 | 1,526 | 1,716 | 2,111 | 1,778
Stock-based compensation expense | 91 | 90 | 109 | 138 | 111
ADJUSTED EBITDA | $3,067 | $3,553 | $4,090 | $4,667 | $4,745
Divided by total revenue | $4,772 | $5,786 | $6,664 | $7,440 | $7,580
ADJUSTED EBITDA MARGIN | 64% | 61% | 61% | 63% | 63%


Question: What was the percentage change in Interest expense between 2015 and 2016?
Answer: 20.3
Calculation: ((717-596)/596) * 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 change in Cash paid for interest between 2018 and 2019?
Answer: -39.5
Calculation: $750.2-$789.7
13. CONTRIBUTED EQUITY
Capital raise On 4 September 2018, the Group undertook a fully underwritten $175.4m equity raising. This resulted in the issue of 105,677,937 new stapled securities (2018: $59.5m equity raising resulting in the issue of 39,712,882 stapled securities).
On 25 June 2019, the Group announced a fully underwritten $170m equity raising. On 28 June 2019, the Group received proceeds for this raising. This has been recognised as a contract for future issue of equity under AASB 132 and has been recognised as contributed equity within the statement of financial position. This resulted in the issue of 99,415,205 new stapled securities on 1 July 2019. These securities are not reflected in the securities on issue above as they were issued subsequent to the year end.
On 25 June 2019, the Group also announced a non-underwritten security purchase plan. This completed on 30 July 2019, raising $13.5m and resulted in the issue of 7,917,735 new stapled securities.
Distribution reinvestment plan During the year, 9,143,772 (2018: 6,480,246) stapled securities were issued to securityholders participating in the Group’s Distribution Reinvestment Plan for consideration of $16.2m (2018: $9.6m). The stapled securities were issued at the volume weighted average market price of the Group's stapled securities over a period of ten trading days, less a 2% discount.
Table:
 | 2019 | 2018
 | $'000 | $'000
Issued and paid up capital | 83,692 | 66,128
Contract for future issue of equity | 16,451 | -
Total contributed equity | 100,143 | 66,128
Number of stapled securities on Issue | 2019 | 2018
Opening balance at 1 July | 559,107,042 | 512,913,914
Institutional and retail placement | 105,677,937 | 39,712,882
Distribution reinvestment plan | 9,143,772 | 6,480,246
Closing balance at 30 June | 673,928,751 | 559,107,042


Question: In which year was Total contributed equity less than 100,000 thousands?
Answer: 2018
Calculation: locate and analyze Total contributed equity in row 5
Quarterly Results (Unaudited)
The following table sets forth certain unaudited quarterly financial information for the 2019 and 2018 fiscal years. In the opinion of management, this information has been presented on the same basis as the audited consolidated financial statements appearing elsewhere, and all necessary adjustments (consisting primarily of normal recurring accruals) have been included in the amounts stated below to present fairly the unaudited quarterly results when read in conjunction with the audited consolidated financial statements and related notes thereto. The operating results for any quarter are not necessarily indicative of results for any future period.
(1) Includes acquisition and integration charges related to our strategic collaboration with JJMD of $17.6 million, $13.4 million, $12.8 million, $8.9 million and $8.1 million for the three months ended August 31, 2019, May 31, 2019, February 28, 2019, November 30, 2018 and August 31, 2018, respectively.
(2) Includes ($13.3 million), $111.4 million and $30.9 million of income tax (benefit) expense for the three months ended November 30, 2018, August 31, 2018 and February 28, 2018, respectively, related to the Tax Act.
(3) Includes a restructuring of securities loss of $29.6 million for the three months ended August 31, 2019.
(4) Includes a distressed customer charge of $6.2 million, $18.0 million and $14.7 million during the three months ended August 31, 2019, August 31, 2018 and February 28, 2018, respectively.
Table:
Fiscal Year 2019 |  |  |  | 
 |  |  | Three Months Ended | 
(in thousands, except for per share data) | August 31,2019 | May 31,2019 | February 28,2019 | November 30,2018
Net revenue | $6,573,453 | $6,135,602 | $6,066,990 | $6,506,275
Gross profit(4) | 495,078 | 443,799 | 454,874 | 519,650
Operating income(1)(4) | 189,745 | 140,918 | 153,983 | 216,710
Net income(2)(3)(4) | 53,761 | 44,032 | 67,607 | 124,074
Net income attributable to Jabil Inc.(2)(3)(4) | $52,675 | $43,482 | $67,354 | $123,600
Earnings per share attributable to the stockholders of Jabil Inc. |  |  |  | 
Basic | $0.34 | $0.28 | $0.44 | $0.77
Diluted | $0.34 | $0.28 | $0.43 | $0.76


Question: What was the net income in August 2019?
Answer: 53,761
stock performance graph the line graph that follows compares the cumulative total stockholder return on our common stock with the cumulative total return of the dow jones u.s . technology index* and the standard & poor 2019s s&p 500* index for the five years ended december 28 , 2013 . the graph and table assume that $ 100 was invested on december 26 , 2008 ( the last day of trading for the fiscal year ended december 27 , 2008 ) in each of our common stock , the dow jones u.s . technology index , and the s&p 500 index , and that all dividends were reinvested . cumulative total stockholder returns for our common stock , the dow jones u.s . technology index , and the s&p 500 index are based on our fiscal year . comparison of five-year cumulative return for intel , the dow jones u.s . technology index* , and the s&p 500* index .

Table:
 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013
intel corporation | $ 100 | $ 148 | $ 157 | $ 191 | $ 163 | $ 214
dow jones u.s . technology index | $ 100 | $ 170 | $ 191 | $ 191 | $ 209 | $ 270
s&p 500 index | $ 100 | $ 132 | $ 151 | $ 154 | $ 175 | $ 236
table of contents .

Question: what was the percent of the increase in the dow jones u.s . technology index from 2011 to 2012
Answer: 9.42%
Calculation: divide(209, 191), divide(#0, 191)