hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Cash Flows
The following table sets forth selected consolidated cash flow information (in thousands):
Operating Activities Net cash provided by operating activities during the fiscal year ended August 31, 2019 was primarily due to increased accounts payable, accrued expenses and other liabilities, decreased inventories and non-cash expenses, partially offset by increased contract assets and accounts receivable. The increase in accounts payable, accrued expenses and other liabilities is primarily due to the timing of collections on accounts receivable sold under the securitization programs and the timing of purchases and cash payments. The decrease in inventories is primarily due to the adoption of ASU 2014-09 and the reclassification to contract assets for revenue recognized for over time customers, partially offset by an increase in inventories to support expected sales levels in the first quarter of fiscal year 2020. The increase in contract assets is due to the adoption of ASU 2014-09 and the timing of revenue recognition for over time customers. The increase in accounts receivable is primarily driven by the amended and new securitization programs and higher sales and timing of collections.
Investing Activities Net cash used in investing activities during the fiscal year ended August 31, 2019 consisted primarily of capital expenditures principally to support ongoing business in the DMS and EMS segments and expenditures for assets acquired in connection with the initial and second closings of the acquisition of certain assets of JJMD, partially offset by proceeds and advances from the sale of property, plant and equipment and cash receipts on sold receivables under the asset-backed securitization programs.
Financing Activities Net cash used in financing activities during the fiscal year ended August 31, 2019 was primarily due to: (i) payments for debt agreements, (ii) the repurchase of our common stock, (iii) dividend payments and (iv) treasury stock minimum tax withholding related to vesting of restricted stock. Net cash used in financing activities was partially offset by: (i) borrowings under debt agreements and (ii) net proceeds from the exercise of stock options and issuance of common stock under the employee stock purchase plan.
Table:
 |  | Fiscal Year Ended August 31, | 
 | 2019 | 2018 | 2017
Net cash provided by (used in) operating activities | $1,193,066 | $(1,105,448) | $(1,464,085)
Net cash (used in) provided by investing activities | (872,454) | 1,240,914 | 2,141,263
Net cash used in financing activities | (415,772) | (47,044) | (404,546)
Effect of exchange rate changes on cash and cash equivalents | 554 | (20,392) | 5,228
Net (decrease) increase in cash and cash equivalents | $(94,606) | $68,030 | $277,860


Question: What was the Net cash used in financing activities in 2019?
Answer: (415,772)
13. SHARE-BASED EMPLOYEE COMPENSATION
Stock incentive plans — We offer share-based compensation plans to attract, retain, and motivate key officers, employees, and non-employee directors to work toward the financial success of the Company.
Our stock incentive plans are administered by the Compensation Committee of the Board of Directors and have been approved by the stockholders of the Company. The terms and conditions of our share-based awards are determined by the Compensation Committee for each award date and may include provisions for the exercise price, expirations, vesting, restriction on sales, and forfeitures, as applicable. We issue new shares to satisfy stock issuances under our stock incentive plans.
Our Amended and Restated 2004 Stock Incentive Plan authorizes the issuance of up to11,600,000 common shares in connection with the granting of stock options, stock appreciation rights, restricted stock purchase rights, restricted stock bonuses, restricted stock units, or performance units to key employees, directors, and other designated employees. There were 1,677,983 shares of common stock available for future issuance under this plan as of September 29, 2019.
We also maintain a deferred compensation plan for non-management directors under which those who are eligible to receive fees or retainers may choose to defer receipt of their compensation. The deferred amounts are converted to stock equivalents. The plan requires settlement in shares of our common stock based on the number of stock equivalents and dividend equivalents at the time of a participant’s separation from the Board of Directors. This plan provides for the issuance of up to 350,000 shares of common stock in connection with the crediting of stock equivalents. There were143,122 shares of common stock available for future issuance under this plan as of September 29, 2019.
Compensation expense — The components of share-based compensation expense, included within “Selling, general, and administrative expenses” in our consolidated statement of earnings, in each fiscal year are as follows (in thousands):
Nonvested restricted stock units — Nonvested restricted stock units (“RSUs”) are generally issued to executives, non-management directors and certain other members of management and employees. Prior to fiscal 2011, RSUs were granted to certain Executive and Senior Vice Presidents pursuant to our share ownership guidelines. These awards vest upon retirement or termination based on years of service. There were 60,272 of such RSUs outstanding as of September 29, 2019.
Table:
 | 2019 | 2018 | 2017
Nonvested stock units | $5,458 | $5,737 | $5,873
Stock options | 936 | 1,790 | 1,826
Performance share awards | 1,417 | 1,236 | 2,580
Nonvested restricted stock awards | — | 33 | 88
Non-management directors’ deferred compensation | 263 | 350 | 270
Total share-based compensation expense | $8,074 | $9,146 | $10,637


Question: What is the difference in the total share-based compensation expense between 2018 and 2019?
Answer: 1072
Calculation: 9,146-8,074
ALTERNATIVE PERFORMANCE MEASURES
Net profit/(loss) for the year excluding impairment:
Net profit excluding impairment is net profit less impairment and reversals of impairment generated from impairment testing during the year (Please refer to Note 8). The Company reports Net profit excluding impairment because we believe it provides additional meaningful information to investors regarding the operational performance excluding fluctuations in the valuation of fixed assets.
Table:
USDm | 2019 | 2018 | 2017
Reconciliation to net profit/(loss) for the year |  |  | 
Net profit/(loss) for the year | 166.0 | -34.8 | 2.4
Reversal of impairment losses on tangible assets | -120.0 | - | -
Net profit/(loss) for the year excluding impairment | 46.0 | -34.8 | 2.4


Question: What was the percentage change in Net profit/(loss) for the year excluding impairment in 2019 from 2018?
Answer: -232.18
Calculation: ((46.0-(-34.8))/-34.8) * 100
Note 13. Investments Held in Rabbi Trust
The mutual funds held in the rabbi trust were 66% equity-based and 34% debt-based as of December 31, 2019. Net investment income (losses), included in “Other income (expense), net” in the accompanying Consolidated Statements of Operations consisted of the following (in thousands):
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Net realized gains (losses) from sales of trading securities | $143 | $10 | $195
Dividend and interest income | 419 | 635 | 422
Net unrealized holding gains (losses) | 1,817 | (1,512) | 1,002
 | $2,379 | $(867) | $1,619


Question: What was the change in Dividend and interest income in 2018 from 2017?
Answer: 213
Calculation: 635-422
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 was the percentage change in total pretax income between 2018 and 2019?
Answer: -61.02
Calculation: (($67,194-$172,376)/$172,376) * 100
The accumulated benefit obligation for the United States defined benefit pension plans was $198.2 million and $172.8 million at December 31, 2019 and 2018, respectively. The accumulated benefit obligation for foreign defined benefit pension plans was $39.9 million and $35.6 million at December 31, 2019 and 2018, respectively.
Information for pension plans with an accumulated benefit obligation in excess of plan assets as of December 31:
Table:
 | 2019 |  | 2018 | 
 | United States | Foreign | United States | Foreign
 |  | (in millions) |  | 
Projected benefit obligation | $55.3 | $44.0 | $50.8 | $39.1
Accumulated benefit obligation | 53.2 | 39.9 | 48.6 | 35.6
Fair value of plan assets | — | 1.6 | — | 1.4


Question: In which regions is information of the accumulated benefit obligation provided?
Answer: United States, Foreign
Historically, a small number of OEM customers have accounted for a substantial portion of our net revenues, and we expect that significant customer concentration will continue for the foreseeable future. Many of our OEMs use contract manufacturers to manufacture their equipment. Accordingly, a significant percentage of our net revenues is derived from sales to these contract manufacturers and to consignment warehouses.
In addition, a significant portion of our sales are made to foreign and domestic distributors who resell our products to OEMs, as well as their contract manufacturers. Direct sales to contract manufacturers and consignment warehouses accounted for 41.3%, 34.9% and 39.0% of our net revenues for fiscal 2019, 2018 and 2017, respectively.
Sales to foreign and domestic distributors accounted for 56.0%, 62.5% and 57.5% of our net revenues for fiscal 2019, 2018 and 2017, respectively. The following direct customers accounted for 10% or more of our net revenues in one or more of the following periods:
Nokia was our largest customer in fiscal 2019, 2018 and 2017. Nokia purchases products directly from us and through contract manufacturers and distributors. Based on information provided to us by its contract manufacturers and our distributors, purchases by Nokia represented approximately 45%, 36% and 41% of our net revenues in fiscal 2019, 2018 and 2017, respectively.
Our revenues have been substantially impacted by significant fluctuations in sales to Nokia, and we expect that future direct and indirect sales to Nokia will continue to fluctuate substantially on a quarterly basis and that such fluctuations may significantly affect our operating results in future periods. To our knowledge, none of our other OEM customers accounted for more than 10% of our net revenues in fiscal 2019, 2018 or 2017.
Table:
 |  | Fiscal Year Ended | 
 |  | March 31, | 
 | 2019 | 2018 | 2017
Contract manufacturers and consignment warehouses:        |  |  | 
Flextronics Technology | 21.8% | 14.0% | 10.4%
Sanmina | 17.7 | 16.0 | 20.4
Distributors:        |  |  | 
Avnet Logistics | 31.3 | 35.3 | 25.5
Nexcomm  | 14.8 | 16.1 | 19.7


Question: What was the Sales to foreign and domestic distributors in 2019?
Answer: 56.0%
Contractual Obligations
The following table sets forth our future payments due under contractual obligations as of December 31, 2019 (in thousands):
(1) Our debt obligations consist of principal and interest repayments due on our Credit Facility based on current interest rates.
(2) Amounts represent the minimum contractual cash commitments, including the effects of fixed rental escalation clauses and deferred rent, exclusive of certain contingent rents that are not determinable for future periods.
(3) Our purchase obligations consist of purchase commitments with various manufacturing suppliers to ensure the availability of components.
(4) Income tax obligations are a result of the Tax Act and include a transition tax on unremitted foreign earnings and profits, of which we have elected to pay the estimated amount over an eight-year period.
(5) Our pension funding commitments represent the amounts that we are required to pay to fund our pension plans.
Table:
 | Total | 1 year | Less than 1-3 years | 3-5 years | More than 5 years
Debt obligations(1) | $341,250 | $17,500 | 35,000 | 288,750 | —
Interest payments associated with debt obligations(1) | 36,555 | 8,532 | 15,726 | 12,297 | —
Operating lease obligations(2) | 152,778 | 22,727 | 33,275 | 20,387 | 76,389
Purchase obligations(3) | 192,981 | 192,803 | 178 | — | —
Income tax obligations(4) | 11,724 | 1,117 | 2,234 | 4,884 | 3,489
Pension funding commitment(5) | 173,830 | 6,113 | 12,712 | 20,203 | 134,802
Total | $909,118 | $ 248,792 | $ 99,125 | $ 346,521 | $ 214,680


Question: What was the total debt obligations?
Answer: $341,250
intangible asset amortization expense amounted to $ 12 million , $ 4 million and $ 4 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . estimated amortization expense for the next five years subsequent to december 31 , 2018 is as follows: .

Table:
 | amount
2019 | $ 15
2020 | 13
2021 | 11
2022 | 10
2023 | 7
note 9 : shareholders 2019 equity common stock under the dividend reinvestment and direct stock purchase plan ( the 201cdrip 201d ) , shareholders may reinvest cash dividends and purchase additional company common stock , up to certain limits , through the plan administrator without commission fees .
shares purchased by participants through the drip may be newly issued shares , treasury shares , or at the company 2019s election , shares purchased by the plan administrator in the open market or in privately negotiated transactions .
purchases generally will be made and credited to drip accounts once each week .
as of december 31 , 2018 , there were approximately 4.2 million shares available for future issuance under the drip .
anti-dilutive stock repurchase program in february 2015 , the company 2019s board of directors authorized an anti-dilutive stock repurchase program , which allowed the company to purchase up to 10 million shares of its outstanding common stock over an unrestricted period of time .
the company repurchased 0.6 million shares and 0.7 million shares of common stock in the open market at an aggregate cost of $ 45 million and $ 54 million under this program for the years ended december 31 , 2018 and 2017 , respectively .
as of december 31 , 2018 , there were 5.5 million shares of common stock available for purchase under the program. .

Question: at what price per share did awk repurchase its shares of common stock in 2018?
Answer: 75.00
Calculation: divide(45, 0.6)
Restricted Stock Units
A summary of the RSU transactions for the year ended December 31, 2019 are as follows (number of shares in millions):
During 2019, the Company awarded 2.6 million RSUs to certain officers and employees of the Company that vest upon the achievement of certain performance criteria and market conditions. The number of units expected to vest is evaluated each reporting period and compensation expense is recognized for those units for which achievement of the performance criteria is considered probable. Compensation expense for RSUs with market conditions are recognized based on the grant date fair value irrespective of the achievement of the condition.
As of December 31, 2019, unrecognized compensation expense, net of estimated forfeitures related to non-vested RSUs granted under the Amended and Restated SIP with service, performance and market conditions, was $60.9 million, $10.1 million and $3.9 million, respectively.
For RSUs with time-based service conditions, expense is being recognized over the vesting period; for RSUs with performance criteria, expense is recognized over the period during which the performance criteria is expected to be achieved; for RSUs with market conditions expense is recognized over the period in which the condition is assessed irrespective of whether it would be achieved or not.
Unrecognized compensation cost related to awards with certain performance criteria that are not expected to be achieved is not included here. Total compensation expense related to performance-based, service-based, and market-based RSUs was $69.8 million for the year ended December 31, 2019, which included $48.4 million for RSUs with time-based service conditions that were granted in 2019 and prior that are expected to vest.
Table:
 | Number of Shares | Weighted-Average Grant
Date Fair Value
Nonvested shares of RSUs at December 31, 2018 | 8.6 | $16.59
Granted | 5.4 | 21.64
Achieved | 0.2 | 24.46
Released | (4.8) | 14.41
Canceled | (0.5) | 19.74
Nonvested shares of RSUs at December 31, 2019 | 8.9 | 20.84


Question: How are the expenses recognized for RSUs with performance criteria?
Answer: recognized over the period during which the performance criteria is expected to be achieved
Research and Development Expense
Research and development expense increased by $19.1 million in 2018 compared to 2017. The increase was primarily due to a $18.1 million increase in employee-related costs, which includes stock-based compensation, associated with our increased headcount from 159 employees as of December 31, 2017 to 229 employees as of December 31, 2018. The remaining increase was principally the result of a $2.9 million increase in hosting and software related cost to support research and development activities and an increase of $0.3 million in software subscription cost which was offset by a $1.0 million decrease in office related expenses to support research and development activities. A total of $7.8 million of internally-developed software costs during 2018 and $6.3 million of internally-developed software costs during 2017 were capitalized, resulting in a decrease of the expense by $1.4 million compared to 2017.
Table:
 | Year Ended December 31, |  | Change | 
 | 2018 | 2017 | $ | %
 |  | (dollars in thousands) |  | 
Research and development | $ 41,305 | $ 22,241 | $ 19,064 | 85.7%
% of revenue | 28% | 21% |  | 


Question: What caused the increase in research and development expense?
Answer: due to a $18.1 million increase in employee-related costs, which includes stock-based compensation, associated with our increased headcount from 159 employees as of December 31, 2017 to 229 employees as of December 31, 2018.
entergy corporation and subsidiaries management's financial discussion and analysis net revenue utility following is an analysis of the change in net revenue comparing 2011 to 2010 . amount ( in millions ) .

Table:
 | amount ( in millions )
2010 net revenue | $ 5051
mark-to-market tax settlement sharing | -196 ( 196 )
purchased power capacity | -21 ( 21 )
net wholesale revenue | -14 ( 14 )
volume/weather | 13
ano decommissioning trust | 24
retail electric price | 49
other | -2 ( 2 )
2011 net revenue | $ 4904
the mark-to-market tax settlement sharing variance results from a regulatory charge because a portion of the benefits of a settlement with the irs related to the mark-to-market income tax treatment of power purchase contracts will be shared with customers , slightly offset by the amortization of a portion of that charge beginning in october 2011 .
see notes 3 and 8 to the financial statements for additional discussion of the settlement and benefit sharing .
the purchased power capacity variance is primarily due to price increases for ongoing purchased power capacity and additional capacity purchases .
the net wholesale revenue variance is primarily due to lower margins on co-owner contracts and higher wholesale energy costs .
the volume/weather variance is primarily due to an increase of 2061 gwh in weather-adjusted usage across all sectors .
weather-adjusted residential retail sales growth reflected an increase in the number of customers .
industrial sales growth has continued since the beginning of 2010 .
entergy 2019s service territory has benefited from the national manufacturing economy and exports , as well as industrial facility expansions .
increases have been offset to some extent by declines in the paper , wood products , and pipeline segments .
the increase was also partially offset by the effect of less favorable weather on residential sales .
the ano decommissioning trust variance is primarily related to the deferral of investment gains from the ano 1 and 2 decommissioning trust in 2010 in accordance with regulatory treatment .
the gains resulted in an increase in interest and investment income in 2010 and a corresponding increase in regulatory charges with no effect on net income .
the retail electric price variance is primarily due to : rate actions at entergy texas , including a base rate increase effective august 2010 and an additional increase beginning may 2011 ; a formula rate plan increase at entergy louisiana effective may 2011 ; and a base rate increase at entergy arkansas effective july 2010 .
these were partially offset by formula rate plan decreases at entergy new orleans effective october 2010 and october 2011 .
see note 2 to the financial statements for further discussion of these proceedings. .

Question: what is the percentage change in net revenue from 2010 to 2011?
Answer: -2.9%
Calculation: subtract(4904, 5051), divide(#0, 5051)
Operating income in the fourth quarter grew on a sequential and year-over-year basis to $460 million compared to $336 million and $443 million in the prior and year-ago quarters, respectively.
Operating income
Table:
 |  | Three Months Ended | 
 | December 31, 2019 | September 29, 2019 | December 31, 2018
 |  | (Unaudited, in millions) | 
Operating income | $460 | $336 | $443
As percentage of net revenues | 16.7% | 13.1% | 16.8%


Question: What is the average Operating income for the period December 31, 2019 and 2018?
Answer: 451.5
Calculation: (460+443) / 2
19. INCOME TAXES
Deferred income taxes reflect the net effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and amounts used for income tax purposes. The components of our deferred tax assets and liabilities are as follows (in thousands):
As of September 27, 2019, we had $923.4 million of gross federal net operating loss ("NOL") carryforwards consisting of $479.2 million relating to the AppliedMicro Acquisition, $158.9 million relating to our acquisition of Mindspeed Technologies, Inc. in 2013, $26.2 million relating to our acquisition of BinOptics Corporation in 2014 and $259.1 million relating to losses generated by MACOM.
The federal NOL carryforwards will expire at various dates through 2037 for losses generated prior to the tax period ended September 28, 2018. For losses generated during the tax period ended September 28, 2018 and future years, the NOL carryforward period is infinite. The reported net operating loss carryforward includes any limitation under Sections 382 and 383 of the Internal Revenue Code of 1986, as amended, which applies to an ownership change as defined under Section 382.
Table:
 | September 27, 2019 | September 28, 2018
Deferred tax assets (liabilities):    |  | 
Federal and foreign net operating losses and credits | $263,199 | $321,982
  Intangible assets | 9,887 | (94,929)
  Property and equipment | (1,473) | (6,293)
Other non-current deferred tax assets | 16,933 | 13,850
Deferred compensation | — | 3,810
Deferred gain | — | 6,575
Interest | 7,170 | —
  Valuation allowance | (252,536) | (243,112)
Total deferred tax asset | $43,180 | $1,883


Question: In which year was intangible assets negative?
Answer: 2018
Calculation: locate and analyze Federal and foreign net operating losses and credits in row 4