hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
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 percentage of Direct sales to contract manufacturers and consignment warehouses in 2019, 2018 and 2017 respectively?
Answer: 41.3%, 34.9%, 39.0%
Significant Suppliers
We purchase a significant amount of our inventory from certain manufacturers or suppliers including components, assemblies and electronic manufacturing parts. The inventory is purchased under standard supply agreements that outline the terms of the product delivery. The title and risk of loss of the product generally pass to us upon shipment from the manufacturers’ plant or warehouse. Some of these manufacturers accounted for more than 10% of our purchases and accounts payable as follows:
We are currently reliant upon these suppliers for products. Although we believe that we can obtain products from other sources, the loss of a significant supplier could have a material impact on our financial condition and results of operations as the products that are being purchased may not be available on the same terms from another supplier.
Table:
 |  | Year Ended February 28, | 
 | 2019 | 2018 | 2017
Inventory purchases: |  |  | 
Supplier A | 31% | 33% | 34%
Supplier B | 20% | 16% | 14%
Supplier C | 6% | 9% | 11%
 |  | As of February 28, | 
2017 | 2019 | 2018 | 
Accounts Payable: |  |  | 
Supplier A | 30% | 40% | 33%
Supplier B | 18% | 16% | 18%


Question: How many percent of the total inventory purchases did Supplier C account for in the year 2019?
Answer: 6%
Expenditure on R&D
TCS Innovation Labs are located in India and other parts of the world. These R&D centers, as certified by Department of Scientific & Industrial Research (DSIR) function from Pune, Chennai, Bengaluru, Delhi- NCR, Hyderabad, Kolkata and Mumbai.
Expenditure incurred in the R&D centers and innovation centers during FY 2019 and FY 2018 are given below:
Table:
Expenditure on R&D and innovation | Unconsolidated |  | Consolidated | 
 | FY 2019 | FY 2018 | FY 2019 | FY 2018
a. Capital | 2 | - | 2 | -
b. Recurring | 303 | 295 | 306 | 298
c. Total R&D expenditure (a+b) | 305 | 295 | 308 | 298
d. Innovation center expenditure | 1,285 | 1,079 | 1,352 | 1,202
e. Total R&D and innovation expenditure (c+d) | 1,590 | 1,374 | 1,660 | 1,500
f. R&D and innovation expenditure as a percentage of total turnover | 1.3% | 1.4% | 1.1% | 1.2%


Question: What is the change in consolidated Capital Expenditure on R&D and innovation between FY 2018 and FY 2019?
Answer: 2
Calculation: 2 - 0
(b) Credit Quality of Financing Receivables
Gross receivables, excluding residual value, less unearned income categorized by our internal credit risk rating as of July 27, 2019 and July 28, 2018 are summarized as follows (in millions):
We determine the adequacy of our allowance for credit loss by assessing the risks and losses inherent in our financing receivables by portfolio segment. The portfolio segment is based on the types of financing offered by us to our customers, which consist of the following: lease receivables, loan receivables, and financed service contracts.
Our internal credit risk ratings of 1 through 4 correspond to investment-grade ratings, while credit risk ratings of 5 and 6 correspond to non-investment grade ratings. Credit risk ratings of 7 and higher correspond to substandard ratings.
Table:
 |  |  | INTERNAL CREDIT RISK RATING | 
July 27, 2019 | 1 to 4 | 5 to 6 | 7 and Higher | Total
Lease receivables | $1,204 | $991 | $35 | $2,230
Loan receivables | 3,367 | 1,920 | 151 | 5,438
Financed service contracts | 1,413 | 939 | 17 | 2,369
Total | $5,984 | $3,850 | $203 | $10,037


Question: What does the company's credit risk rating of 7 and higher refer to?
Answer: substandard ratings
share-based compensation cost is recorded net of estimated forfeitures on a straight-line basis for awards with service conditions only , and on a graded-vesting basis for awards with service , performance and market conditions . the company 2019s estimated forfeiture rate is based on an evaluation of historical , actual and trended forfeiture data . for fiscal 2014 , 2013 , and 2012 , the company recorded share-based compensation cost of $ 172 million , $ 179 million and $ 147 million , respectively , in personnel on its consolidated statements of operations . the amount of capitalized share-based compensation cost was immaterial during fiscal 2014 , 2013 and 2012 . options options issued under the eip expire 10 years from the date of grant and vest ratably over 3 years from the date of grant , subject to earlier vesting in full under certain conditions . during fiscal 2014 , 2013 and 2012 , the fair value of each stock option was estimated on the date of grant using a black-scholes option pricing model with the following weighted-average assumptions: .

Table:
 | 2014 | 2013 | 2012
expected term ( in years ) ( 1 ) | 4.80 | 6.08 | 6.02
risk-free rate of return ( 2 ) | 1.3% ( 1.3 % ) | 0.8% ( 0.8 % ) | 1.2% ( 1.2 % )
expected volatility ( 3 ) | 25.2% ( 25.2 % ) | 29.3% ( 29.3 % ) | 34.9% ( 34.9 % )
expected dividend yield ( 4 ) | 0.8% ( 0.8 % ) | 0.9% ( 0.9 % ) | 0.9% ( 0.9 % )
fair value per option granted | $ 44.11 | $ 39.03 | $ 29.65
( 1 ) beginning in fiscal 2014 , assumption is based on the company 2019s historical option exercises and those of a set of peer companies that management believes is generally comparable to visa .
the company 2019s data is weighted based on the number of years between the measurement date and visa 2019s initial public offering as a percentage of the options 2019 contractual term .
the relative weighting placed on visa 2019s data and peer data in fiscal 2014 was approximately 58% ( 58 % ) and 42% ( 42 % ) , respectively .
in fiscal 2013 and 2012 , assumption was fully based on peer companies 2019 data .
( 2 ) based upon the zero coupon u.s .
treasury bond rate over the expected term of the awards .
( 3 ) based on the company 2019s implied and historical volatility .
in fiscal 2013 and 2012 , historical volatility was a blend of visa 2019s historical volatility and those of comparable peer companies .
the relative weighting between visa historical volatility and the historical volatility of the peer companies was based on the percentage of years visa stock price information is available since its initial public offering compared to the expected term .
the expected volatilities ranged from 22% ( 22 % ) to 26% ( 26 % ) in fiscal ( 4 ) based on the company 2019s annual dividend rate on the date of grant. .

Question: what is the percentage increase in the fair value of option granted from 2013 to 2014?
Answer: 13.0%
Calculation: subtract(44.11, 39.03)
We utilized a comprehensive approach to evaluate and document the impact of the guidance on our current accounting policies and practices in order to identify material differences, if any, that would result from applying the new requirements to our revenue contracts. We did not identify any material differences resulting from applying the new requirements to our revenue contracts. In addition, we did not identify any significant changes to our business processes, systems, and controls to support recognition and disclosure requirements under the new guidance. We adopted the provisions of Topic 606 in fiscal 2019 utilizing the modified retrospective method. We recorded a $0.5 million cumulative effect adjustment, net of tax, to the opening balance of fiscal 2019 retained earnings, a decrease to receivables of $7.6 million, an increase to inventories of $2.8 million, an increase to prepaid expenses and other current assets of $6.9 million, an increase to other accrued liabilities of $1.4 million, and an increase to other noncurrent liabilities of $0.2 million. The adjustments primarily related to the timing of recognition of certain customer charges, trade promotional expenditures, and volume discounts.
The effect of the changes made to our Consolidated Balance Sheet as of May 26, 2019 for the adoption of Topic 606 was as follows:
Notes to Consolidated Financial Statements - (Continued) Fiscal Years Ended May 26, 2019, May 27, 2018, and May 28, 2017 (columnar dollars in millions except per share amounts)
Table:
Current assets | As Reported | Adjustments | Balances without Adoption of Topic 606
Receivables, less allowance for doubtful accounts | $831.7 | $8.7 | $840.4
Inventories . | 1,571.7 | (3.1) | 1,568.6
Prepaid expenses and other current assets | 93.8 | (16.6) | 77.2
Current liabilities |  |  | 
Other accrued liabilities | 691.6 | (1.1) | 690.5
Other noncurrent liabilities . | 1,951.8 | (2.5) | 1,949.3


Question: What method did the company use when Topic 606 in fiscal 2019 was adopted?
Answer: the modified retrospective method
other items on our consolidated financial statements have been appropriately adjusted from the amounts provided in the earnings release , including a reduction of our full year 2016 gross profit and income from operations by $ 2.9 million , and a reduction of net income by $ 1.7 million. .

Table:
( in thousands ) | at december 31 , 2016 | at december 31 , 2015 | at december 31 , 2014 | at december 31 , 2013 | at december 31 , 2012
cash and cash equivalents | $ 250470 | $ 129852 | $ 593175 | $ 347489 | $ 341841
working capital ( 1 ) | 1279337 | 1019953 | 1127772 | 702181 | 651370
inventories | 917491 | 783031 | 536714 | 469006 | 319286
total assets | 3644331 | 2865970 | 2092428 | 1576369 | 1155052
total debt including current maturities | 817388 | 666070 | 281546 | 151551 | 59858
total stockholders 2019 equity | $ 2030900 | $ 1668222 | $ 1350300 | $ 1053354 | $ 816922
( 1 ) working capital is defined as current assets minus current liabilities. .

Question: what was the percentage change in working capital from 2015 to 2016?
Answer: 25%
Calculation: subtract(1279337, 1019953), divide(#0, 1019953)
Significant components of Teradyne’s deferred tax assets (liabilities) as of December 31, 2019 and 2018 were as follows:
As of December 31, 2019 and 2018, Teradyne evaluated the likelihood that it would realize deferred income taxes to offset future taxable income and concluded that it is more likely than not that a substantial majority of its deferred tax assets will be realized through consideration of both the positive and negative evidence. At December 31, 2019 and 2018, Teradyne maintained a valuation allowance for certain deferred tax assets of $77.2 million and $69.9 million, respectively, primarily related to state net operating losses and state tax credit carryforwards, due to the uncertainty regarding their realization. Adjustments could be required in the future if Teradyne estimates that the amount of deferred tax assets to be realized is more or less than the net amount recorded.
Table:
 | 2019 | 2018
 | (in thousands) | 
Deferred tax assets |  | 
Tax credits | $79,480 | $69,091
Accruals | 25,424 | 23,449
Pension liabilities | 24,459 | 20,826
Inventory valuations | 18,572 | 18,514
Deferred revenue | 7,622 | 9,130
Equity compensation | 7,042 | 7,190
Vacation accrual | 4,768 | 4,772
Investment impairment | 3,292 | —
Net operating loss carryforwards | 2,705 | 3,658
Marketable securities | — | 962
Other | 1,472 | 685
Gross deferred tax assets | 174,836 | 158,277
Less: valuation allowance | (77,177) | (69,852)
Total deferred tax assets | $97,659 | $88,425
Deferred tax liabilities: |  | 
Depreciation | $(18,238) | $(14,028)
Intangible assets | (16,705) | (24,211)
Marketable securities | (1,601) | —
Total deferred tax liabilities | $(36,544) | $(38,239)
Net deferred assets | $61,115 | $50,186


Question: What was the percentage change in Other in 2019 from 2018?
Answer: 114.89
Calculation: ((1,472-685)/685) * 100
Inventories and Inventory Valuation
Inventories are stated at the lower of first-in, first-out (FIFO) cost or market value. Market value is based upon an estimated average selling price reduced by estimated costs of disposal. Should actual market conditions differ from the Company’s estimates, the Company’s future results of operations could be materially affected. Reductions in inventory valuation are included in Cost of revenue in the accompanying Consolidated Statements of Operations. The Company reviews inventory for excess quantities and obsolescence based on its best estimates of future demand, product lifecycle status and product development plans. The Company uses historical information along with these future estimates to reduce the inventory cost basis. Subsequent changes in facts and circumstances do not result in the restoration or increase in that newly established cost basis. Prices anticipated for future inventory demand are compared to current and committed inventory values.
The components of inventories are as follows:
Table:
March 31, |  | 
(in thousands) | 2019 | 2018
Raw materials | $3,445 | $2,969
Finished goods | 6,356 | 6,253
Total inventories | $9,801 | $9,222


Question: What is the proportion of the value of finished goods over total inventories in 2019?
Answer: 0.65
Calculation: 6,356/9,801
ITEM 6. SELECTED FINANCIAL DATA
In December 2016, we acquired the 67% remaining interest in Inotera and began consolidating Inotera's operating results. In the periods presented above through December 2016, Inotera sold DRAM products exclusively to us through supply agreements. The cash paid for the Inotera Acquisition was funded, in part, with a term loan of 80 billion New Taiwan dollars and $986 million from the sale of 58 million shares of our common stock. See "Item 8. Financial Statements and Supplementary Data – Notes to Consolidated Financial Statements – Acquisition of Inotera."
Table:
 | 2019 | 2018 | 2017 | 2016 | 2015
 |  |  | (in millions, except per share amounts) |  | 
Revenue | $23,406 | $30,391 | $20,322 | $12,399 | $16,192
Gross margin | 10,702 | 17,891 | 8,436 | 2,505 | 5,215
Operating income | 7,376 | 14,994 | 5,868 | 168 | 2,998
Net income (loss) | 6,358 | 14,138 | 5,090 | (275) | 2,899
Net income (loss) attributable to Micron | 6,313 | 14,135 | 5,089 | (276) | 2,899
Diluted earnings (loss) per share | 5.51 | 11.51 | 4.41 | (0.27) | 2.47
Cash and short-term investments | 7,955 | 6,802 | 5,428 | 4,398 | 3,521
Total current assets | 16,503 | 16,039 | 12,457 | 9,495 | 8,596
Property, plant, and equipment | 28,240 | 23,672 | 19,431 | 14,686 | 10,554
Total assets | 48,887 | 43,376 | 35,336 | 27,540 | 24,143
Total current liabilities | 6,390 | 5,754 | 5,334 | 4,835 | 3,905
Long-term debt | 4,541 | 3,777 | 9,872 | 9,154 | 6,252
Total Micron shareholders' equity | 35,881 | 32,294 | 18,621 | 12,080 | 12,302
Noncontrolling interests in subsidiaries | 889 | 870 | 849 | 848 | 937
Total equity | 36,770 | 33,164 | 19,470 | 12,928 | 13,239


Question: How much difference in revenue in 2018 compared to 2017?
Answer: 10069
Calculation: 30,391 - 20,322
jpmorgan chase & co./2009 annual report 173 trading assets and liabilities average balances average trading assets and liabilities were as follows for the periods indicated. .

Table:
year ended december 31 ( in millions ) | 2009 | 2008 | 2007
trading assets 2013 debt and equity instruments | $ 318063 | $ 384102 | $ 381415
trading assets 2013 derivative receivables | 110457 | 121417 | 65439
trading liabilities 2013 debt and equityinstruments ( a ) | $ 60224 | $ 78841 | $ 94737
trading liabilities 2013 derivative payables | 77901 | 93200 | 65198
( a ) primarily represent securities sold , not yet purchased .
note 4 2013 fair value option the fair value option provides an option to elect fair value as an alternative measurement for selected financial assets , financial liabilities , unrecognized firm commitments , and written loan com- mitments not previously carried at fair value .
elections elections were made by the firm to : 2022 mitigate income statement volatility caused by the differences in the measurement basis of elected instruments ( for example , cer- tain instruments elected were previously accounted for on an accrual basis ) while the associated risk management arrange- ments are accounted for on a fair value basis ; 2022 eliminate the complexities of applying certain accounting models ( e.g. , hedge accounting or bifurcation accounting for hybrid in- struments ) ; and 2022 better reflect those instruments that are managed on a fair value basis .
elections include : 2022 securities financing arrangements with an embedded derivative and/or a maturity of greater than one year .
2022 loans purchased or originated as part of securitization ware- housing activity , subject to bifurcation accounting , or managed on a fair value basis .
2022 structured notes issued as part of ib 2019s client-driven activities .
( structured notes are financial instruments that contain embed- ded derivatives. ) 2022 certain tax credits and other equity investments acquired as part of the washington mutual transaction .
the cumulative effect on retained earnings of the adoption of the fair value option on january 1 , 2007 , was $ 199 million. .

Question: what is the total equity in 2009 , in millions of dollars?
Answer: 290395
Calculation: add(318063, 110457), add(60224, 77901), subtract(#0, #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 risk-free interest rate?
Answer: Risk-free interest rate of a U.S. Treasury Note with a similar expected term on the date of measurement
Research and development expenses consist primarily of payroll and payroll-related benefits expenses, contracted research and development expenses, and facility costs. Research and development assists with organic growth and improves product stability and functionality, and accordingly, we dedicate extensive efforts to update and upgrade our product offerings. The primary driver is typically budgeted software upgrades and software development.
Research and development expenses decreased by $1.1 million during the year ended June 30, 2019 as compared to the prior fiscal year. This was primarily due to a reduction in contract labour and consulting of $6.8 million and a reduction in the use of facility and related expenses of $4.8 million, partially offset by an increase in payroll and payroll-related benefits of $12.6 million. The increase in payroll and payroll-related benefits was driven primarily by increased headcount from recent acquisitions. Overall, our research and development expenses, as a percentage of total revenues, remained stable at approximately 11% compared to prior fiscal year.
Our research and development labour resources increased by 336 employees, from 3,331 employees at June 30, 2018 to 3,667 employees at June 30, 2019.
Table:
 | Change between Fiscal increase (decrease) | 
(In thousands) | 2019 and 2018 | 2018 and 2017
Payroll and payroll-related benefits | $12,629 | $39,119
Contract labour and consulting | (6,791) | (3,899)
Share-based compensation | (385) | (1,490)
Travel and communication | (588) | (343)
Facilities | (4,775) | 7,834
Other miscellaneous | (1,163) | 473
Total change in research and development expenses | $(1,073) | $41,694


Question: What is the change of expenses for facilities from fiscal year 2017 to 2019? 
Answer: 3059
Calculation: 7,834-4,775
Note 3 – Revenue
The following table disaggregates our revenue by major source for the year ended December 31, 2019:
(1) Subscriber Solutions & Experience was formerly reported as Customer Devices. With the increasing focus on enhancing the customer experience for both our business and consumer broadband customers and the addition of SmartRG during the fourth quarter of 2018, Subscriber Solutions & Experience more accurately represents this revenue category.
Table:
(In thousands) | Network Solutions | Services & Support | Total
Access & Aggregation | $289,980 | $58,894 | $348,874
Subscriber Solutions & Experience (1) | 144,651 | 8,269 | 152,920
Traditional & Other Products | 20,595 | 7,672 | 28,267
Total | $455,226 | $74,835 | $530,061


Question: What was the revenue from Access & Aggregation for Network Solutions?
Answer: $289,980