hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Operational Highlights
Altium achieved US$177.2 million in sales (a 23% increase) and US$171.8 million in product revenue (a 23% increase).
The Board and Systems business revenue grew to US$126.8 million with all regions reporting positive results. EMEA grew revenue to US$44.6 million, an increase of 15% and continued the transformation of its business model to direct transactional sales in key markets. The America’s achieved revenue of US$50.9 million which was a 14% growth rate. China results were outstanding with revenue at US$19.8 million, a growth rate of 37%. The Altium focus on our business in China led us to open a new sales office in Beijing and to expand our existing sales centres in Shenzhen and Shanghai. The expansion of our footprint in China will enable us to increase our penetration of the market.
Table:
Consolidated |  |  | 
 | 2019 | 2018 | Change
Product Sales | US$’000 | US$’000 | %
Altium Designer licenses | 65,157 | 53,088 | 23%
Altium Designer subscriptions | 58,959 | 53,701 | 10%
Octopart search advertising | 17,940 | 11,968 | 50%
TASKING licenses | 13,536 | 10,432 | 30%
TASKING maintenance | 8,324 | 4,706 | 67%
Altium Nexus | 6,277 | 3,769 | 67%
Service sales | 3,337 | 4,624 | (28%)
Other | 3,656 | 2,254 | 62%
Total Product Sales | 177,216 | 144,541 | 23%


Question: What is the percentage of "Other" in total product sales in 2019?
Answer: 2.06
Calculation: (3,656/177,216) * 100
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: Who was the largest customer in 2019, 2018 and 2017?
Answer: Nokia
B. Remuneration to other directors:
* Relinquished the position of Independent Director w.e.f. July 10, 2018.
** Relinquished the position of Independent Director w.e.f. September 28, 2018.
*** Appointed as Additional and Independent Director w.e.f. December 18, 2018.
**** Appointed as an Additional and Independent Director w.e.f. January 10, 2019.
@ As a policy, N Chandrasekaran, Chairman, has abstained from receiving commission from the Company.
@@ In line with the internal guidelines of the Company, no payment is made towards commission to the Non-Executive Directors of the Company, who are in full time employment with any other Tata company.
Table:
 |  |  |  | (` lakh)
Particulars of Remuneration | Sitting Fees for attending board/ committee meetings | Commission | Others, please specify | Total Amount
1. Independent Directors |  |  |  | 
Aman Mehta | 4.80 | 315.00 | - | 319.80
V Thyagarajan* | 3.00 | 100.00 | - | 103.00
Prof Clayton M Christensen** | 0.30 | 75.00 | - | 75.30
Dr Ron Sommer | 5.10 | 220.00 | - | 225.10
O P Bhatt | 7.50 | 215.00 | - | 222.50
Dr Pradeep Kumar Khosla | 2.10 | 150.00 | - | 152.10
Hanne Sorensen*** | 0.60 | 50.00 | - | 50.60
Keki Mistry*** | 0.60 | 50.00 | - | 50.60
Don Callahan**** | 0.30 | 35.00 | - | 35.30
Total (1) | 24.30 | 1,210.00 | - | 1,234.30
2. Other Non-Executive Directors |  |  |  | 
N Chandrasekaran@ | 3.60 | - | - | 3.60
Aarthi Subramanian@@ | 5.70 | - | - | 5.70
Total (2) | 9.30 | - | - | 9.30
Total (B)=(1+2) | 33.60 | 1,210.00 | - | 1,243.60
Total Managerial Remuneration |  |  |  | 
Ceiling as per the Act (@1% of profits calculated under Section 198 of the Companies Act, 2013) |  | 40,434.81 |  | 


Question: What is the amount of total commission as a percentage of the Ceiling as per Section 198 of the Companies Act?
Answer: 2.99
Calculation: (1,210.00/40,434.81 ) * 100
issuer purchases of equity securities during the three months ended december 31 , 2012 , we repurchased 619314 shares of our common stock for an aggregate of approximately $ 46.0 million , including commissions and fees , pursuant to our publicly announced stock repurchase program , as follows : period total number of shares purchased ( 1 ) average price paid per share ( 2 ) total number of shares purchased as part of publicly announced plans or programs approximate dollar value of shares that may yet be purchased under the plans or programs ( in millions ) .

Table:
period | total number of shares purchased ( 1 ) | average price paid per share ( 2 ) | total number of shares purchased as part of publicly announced plans orprograms | approximate dollar value of shares that may yet be purchased under the plans orprograms ( in millions )
october 2012 | 27524 | $ 72.62 | 27524 | $ 1300.1
november 2012 | 489390 | $ 74.22 | 489390 | $ 1263.7
december 2012 | 102400 | $ 74.83 | 102400 | $ 1256.1
total fourth quarter | 619314 | $ 74.25 | 619314 | $ 1256.1
( 1 ) repurchases made pursuant to the $ 1.5 billion stock repurchase program approved by our board of directors in march 2011 ( the 201c2011 buyback 201d ) .
under this program , our management is authorized to purchase shares from time to time through open market purchases or privately negotiated transactions at prevailing prices as permitted by securities laws and other legal requirements , and subject to market conditions and other factors .
to facilitate repurchases , we make purchases pursuant to trading plans under rule 10b5-1 of the exchange act , which allows us to repurchase shares during periods when we otherwise might be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods .
this program may be discontinued at any time .
( 2 ) average price per share is calculated using the aggregate price , excluding commissions and fees .
we continued to repurchase shares of our common stock pursuant to our 2011 buyback subsequent to december 31 , 2012 .
between january 1 , 2013 and january 21 , 2013 , we repurchased an additional 15790 shares of our common stock for an aggregate of $ 1.2 million , including commissions and fees , pursuant to the 2011 buyback .
as a result , as of january 21 , 2013 , we had repurchased a total of approximately 4.3 million shares of our common stock under the 2011 buyback for an aggregate of $ 245.2 million , including commissions and fees .
we expect to continue to manage the pacing of the remaining $ 1.3 billion under the 2011 buyback in response to general market conditions and other relevant factors. .

Question: what was the ratio of the purchase in december 2012 to the purchase in january 2013
Answer: 6.5
Calculation: divide(102400, 15790)
Disaggregation of Revenue
The Company allocates sales from external customers to geographic areas based on the location to which the product is transported. Sales outside the United States are principally to customers in countries in the Caribbean, Canada, Central and South America.
The following table presents our domestic and international sales for each of the last three fiscal years:
Long-lived assets: As of September 30, 2019 and 2018, the Company had property, plant and equipment with a net book value of $1,406,546 and $412,755, respectively, located in Mexico.
Table:
 |  | Year Ended September 30, | 
 | 2019 | 2018 | 2017
United States | $78,553,000 | $72,295,000 | $67,901,000
All Other Countries | 6,481,000 | 5,356,000 | 6,047,000
Total Net Sales | 85,034,000 | $77,651,000 | $73,948,000


Question: Which countries are sales outside United States principally to?
Answer: customers in countries in the Caribbean, Canada, Central and South America
32. Provisions for post-employment benefits plans and similar obligations
Provisions for post-employment benefits plans are recognised in accordance with IAS 19 (Employee Benefits).
Provisions for post-employment benefits plans consist of commitments primarily related to benefits defined by the provisions of company pension plans. These take the form of defined benefit plans directly from the employer (employer’s commitments) and defined benefit plans from external pension providers (benevolent funds in Germany and international pension funds). The external providers’ assets serve exclusively to finance the pension entitlements and qualify as plan assets. The benefits under the different plans are based on performance and length of service.
The most important performance-based pension plans are described in the following.
Table:
€ million | 30/9/2018 | 30/9/2019
Provisions for post-employment benefits plans (employer’s commitments) | 344 | 414
Provisions for indirect commitments | 12 | 17
Provisions for voluntary pension benefits | 0 | 0
Provisions for post-employment benefit plans | 71 | 78
 | 427 | 509
Provisions for obligations similar to pensions | 41 | 34
 | 468 | 543


Question: How are Provisions for post-employment benefits plans recognised?
Answer: in accordance with IAS 19 (Employee Benefits)
NOTE 2. FAIR VALUE OF FINANCIAL INSTRUMENTS
For cash equivalents, amounts receivable or payable and short-term borrowings, fair values approximate carrying value, based on the short-term nature of the assets and liabilities.
The Company’s estimates of the fair value for financial assets and financial liabilities are based on the framework established in the fair value accounting guidance. The framework is based on the inputs used in valuation, gives the highest priority to quoted prices in active markets, and requires that observable inputs be used in the valuations when available. The three levels of the hierarchy are as follows: Level 1: inputs to the valuation are quoted prices in an active market for identical assets Level 2: inputs to the valuation include quoted prices for similar assets in active markets that are observable either directly or indirectly Level 3: valuation is based on significant inputs that are unobservable in the market and the Company’s own estimates of assumptions that it believes market participants would use in pricing the asset
Fair value of financial assets, included in cash and cash equivalents, and financial liabilities is as follows:
(a) In accordance with ASC Subtopic 360-10, long-lived assets held for sale with a carrying value of $4,575 were written down to their fair value of $1,300, resulting in an impairment totaling $3,275, which was included in earnings for the fiscal year ended June 30, 2017. The Company has entered into an agreement to sell these assets. That sale is expected to be completed during the second quarter of fiscal 2020.
Table:
 |  | Estimated Fair Value Measurements |  | 
Recurring Fair Value Measurements | Level 1 | Level 2 | Level 3 | Total Fair Value
June 30, 2019 |  |  |  | 
Financial Assets: |  |  |  | 
Money market funds | $81,945 | $— | $— | $81,945
June 30, 2018 |  |  |  | 
Financial Assets: |  |  |  | 
Money market funds | $14,918 | $— | $— | $14,918
Non-Recurring Fair Value Measurements |  |  |  | 
June 30, 2019 |  |  |  | 
Long-lived assets held for sale | $— | $1,300 | $— | $1,300
June 30, 2018 |  |  |  | 
Long-lived assets held for sale (a) | $— | $1,300 | $— | $1,300


Question: What is the total fair value of money market funds as at June 30, 2019
Answer: $81,945
Non-Recurring Fair Value
Certain assets, under certain conditions, are measured at fair value on a nonrecurring basis utilizing Level 3 inputs, as described in Note 1, Overview and Summary of Significant Accounting Policies, like those associated with acquired businesses, including goodwill, other intangible assets, other long-lived assets and equity method investments. For these assets, measurement at fair value in periods subsequent to their initial recognition would be applicable if these assets were determined to be impaired.
The adjusted carrying values for assets measured at fair value on a nonrecurring basis (no liabilities) subject to the requirements of ASC 820 were not material at December 31, 2019 and 2018. The following table summarizes the total impairment losses in the accompanying Consolidated Statements of Operations related to nonrecurring fair value measurements of certain assets (no liabilities):
In connection with the closure of certain under-utilized customer engagement centers and the consolidation of leased space in the U.S. and Canada, the Company recorded impairment charges of $1.7 million, $9.4 million and $5.2 million during the years ended December 2019, 2018 and 2017, respectively, related to the exit of leased facilities as well as leasehold improvements, equipment, furniture and fixtures which were not recoverable. See Note 5, Costs Associated with Exit or Disposal Activities, for further information.
Also, the Company recorded an impairment charge of $0.2 million related to the write-down of a vacant and unused parcel of land in the U.S. to its estimated fair value during the year ended December 31, 2017.
Table:
 |  | Years Ended December31, | 
 | 2019 | 2018 | 2017
Americas: |  |  | 
Property and equipment, net | $(343) | $(9,401) | $(5,410)
Operating lease right-of-use assets | (1,368) | — | —
 | $(1,711) | $(9,401) | $(5,410)


Question: How are certain assets measured under certain conditions?
Answer: measured at fair value on a nonrecurring basis utilizing Level 3 inputs, as described in Note 1, Overview and Summary of Significant Accounting Policies, like those associated with acquired businesses, including goodwill, other intangible assets, other long-lived assets and equity method investments. For these assets, measurement at fair value in periods subsequent to their initial recognition would be applicable if these assets were determined to be impaired.
future minimum lease payments for all non-cancelable operating leases at may 31 , 2013 were as follows : fiscal years ending may 31: .

Table:
2014 | $ 11057
2015 | 8985
2016 | 7378
2017 | 6700
2018 | 6164
thereafter | 16812
total future minimum lease payments | $ 57096
we are party to a number of claims and lawsuits incidental to our business .
in our opinion , the liabilities , if any , which may ultimately result from the outcome of such matters , individually or in the aggregate , are not expected to have a material adverse impact on our financial position , liquidity or results of operations .
operating taxes we define operating taxes as taxes that are unrelated to income taxes , such as sales , property , value-add and other business taxes .
during the course of operations , we must interpret the meaning of various operating tax matters in the united states and in the foreign jurisdictions in which we do business .
taxing authorities in those various jurisdictions may arrive at different interpretations of applicable tax laws and regulations as they relate to such operating tax matters , which could result in the payment of additional taxes in those jurisdictions .
as of may 31 , 2013 and 2012 , we did not have liabilities for contingencies related to operating tax items based on management 2019s best estimate given our history with similar matters and interpretations of current laws and regulations .
bin/ica agreements we have entered into sponsorship or depository and processing agreements with certain banks .
these agreements allow us to use the banks 2019 identification numbers , referred to as bank identification number ( 201cbin 201d ) for visa transactions and interbank card association ( 201cica 201d ) number for mastercard transactions , to clear credit card transactions through visa and mastercard .
certain of such agreements contain financial covenants , and we were in compliance with all such covenants as of may 31 , 2013 .
our canadian visa sponsorship , which was originally obtained through a canadian financial institution , expired in march 2011 .
we have filed an application with the office of the superintendent of financial institutions canada ( 201cosfi 201d ) for the formation of a wholly owned loan company in canada which would serve as our financial institution sponsor .
on december 12 , 2012 , the loan company received a restricted order to commence and carry on business from osfi which will enable the loan company to become a direct visa member at such time that global payments concludes the appropriate bin transfer process with visa .
in march 2011 , we obtained temporary direct participation in the visa canada system , while the loan company application was pending .
we anticipate that the bin transfer process with visa will be completed by september 30 , 2013. .

Question: what portion of the future minimum lease payments are due in the next 12 months?
Answer: 19.4%
Calculation: divide(11057, 57096)
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 nominal difference of the total dividends paid in cash between 2018 and 2019?
Answer: 543
Calculation: 1,267 - 724
Amortization of Intangibles and Acquisition-Related Costs
Amortization of intangibles included in operating expense and acquisition-related costs during fiscal years 2019 , 2018 and 2017 were as follows (in thousands):
Amortization of intangible assets consists of amortization of acquired intangible assets, including customer relationships and trademarks and trade names. Acquisition-related costs include legal expense, due diligence costs, and other professional costs incurred for business acquisitions.
The increase in amortization of intangible assets from fiscal year 2018 to 2019 was primarily due to the Blue Microphones Acquisition and the ASTRO Acquisition. The increase in amortization of intangible assets from fiscal year 2018 to 2017 was primarily driven by the ASTRO Acquisition.
Table:
 |  | Years Ended March 31, | 
 | 2019 | 2018 | 2017
Amortization of intangible assets | $12,594 | $7,518 | $4,352
Acquisition-related costs | 1,696 | 1,412 | 1,462
Total | $14,290 | $8,930 | $5,814


Question: What caused the increase in amortization of intangible assets in 2019?
Answer: primarily due to the Blue Microphones Acquisition and the ASTRO Acquisition
S. Selected Quarterly Financial Data (unaudited)
Quarterly financial data for fiscal 2020 and 2019 were as follows (tables in millions, except per share amounts):
(1) Adjusted to reflect the recast of prior period information due to the Pivotal acquisition, which was accounted for as a transaction between entities under common control (refer to Note B).
Table:
Fiscal 2020 | Q1 2020 (1) | Q2 2020 (1) | Q3 2020 (1) | Q4 2020
Total revenue | $2,450 | $2,632 | $2,656 | $3,073
Net income attributable to VMware, Inc. | 380 | 5,303 | 407 | 321
common stockholders, basic for Classes A and B Net income per weighted-average share attributable to VMware, Inc. common stockholders, basic for Classes A and B | $0.91 | $12.72 | $0.98 | $0.77
Net income per weighted-average share attributable to VMware, Inc. common stockholders, diluted for Classes A and B | $0.89 | $12.47 | $0.96 | $0.76


Question: What was the change in the total revenue between Q3 and Q4  2020?
Answer: 15.7
Calculation: ((3,073-2,656)/2,656) * 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: How many years did net income exceed $1,000 million?
Answer: 3
Calculation: 2017##2018##2019