hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
6 . principal transactions citi 2019s principal transactions revenue consists of realized and unrealized gains and losses from trading activities . trading activities include revenues from fixed income , equities , credit and commodities products and foreign exchange transactions that are managed on a portfolio basis characterized by primary risk . not included in the table below is the impact of net interest revenue related to trading activities , which is an integral part of trading activities 2019 profitability . for additional information regarding principal transactions revenue , see note a04 to the consolidated financial statements for information about net interest revenue related to trading activities . principal transactions include cva ( credit valuation adjustments on derivatives ) and fva ( funding valuation adjustments ) on over-the-counter derivatives . these adjustments are discussed further in note 24 to the consolidated financial statements . the following table presents principal transactions revenue: .

Table:
in millions of dollars | 2018 | 2017 | 2016
interest rate risks ( 1 ) | $ 5186 | $ 5301 | $ 4229
foreign exchange risks ( 2 ) | 1423 | 2435 | 1699
equity risks ( 3 ) | 1346 | 525 | 330
commodity and other risks ( 4 ) | 662 | 425 | 899
credit products and risks ( 5 ) | 445 | 789 | 700
total | $ 9062 | $ 9475 | $ 7857
( 1 ) includes revenues from government securities and corporate debt , municipal securities , mortgage securities and other debt instruments .
also includes spot and forward trading of currencies and exchange-traded and over-the-counter ( otc ) currency options , options on fixed income securities , interest rate swaps , currency swaps , swap options , caps and floors , financial futures , otc options and forward contracts on fixed income securities .
( 2 ) includes revenues from foreign exchange spot , forward , option and swap contracts , as well as foreign currency translation ( fx translation ) gains and losses .
( 3 ) includes revenues from common , preferred and convertible preferred stock , convertible corporate debt , equity-linked notes and exchange-traded and otc equity options and warrants .
( 4 ) primarily includes revenues from crude oil , refined oil products , natural gas and other commodities trades .
( 5 ) includes revenues from structured credit products. .

Question: what was the percent of the principal transactions revenue associated with foreign exchange risks in 2017
Answer: 25.7%
Calculation: divide(2435, 9475)
Annual Dividends Paid and Proposed
The following table sets forth in euro the annual dividends paid or proposed to be paid per ordinary share in respect of each of the years indicated. One SAP ADR currently represents one SAP SE ordinary share. Accordingly, the final dividend per ADR is equal to the dividend for one SAP SE ordinary share and is dependent on the euro/U.S. dollar exchange rate. The table does not reflect tax credits that may be available to German taxpayers who receive dividend payments. If you own our ordinary shares or ADRs and if you are a U.S. resident, refer to “Item 10. Additional Information — Taxation,” for further information.
(1) Translated for the convenience of the reader from euro into U.S. dollars at the Noon Buying Rate for converting euro into U.S. dollars on the dividend payment date. The Depositary is required to convert any dividend payments received from SAP as promptly as practicable upon receipt.
(2) Subject to approval at the Annual General Meeting of Shareholders of SAP SE currently scheduled to be held on May 15, 2020.
(3) Translated for the convenience of the reader from euro into U.S. dollars at the Noon Buying Rate for converting euro into U.S. dollars on February 7, 2020 of US$1.0950 per €1.00. The dividend paid may differ due to changes in the exchange rate.
The amount of dividends paid on the ordinary shares depends on the amount of profits to be distributed by SAP SE, which depends in part upon our financial performance. In addition, the amount of dividends received by holders of ADRs may be affected by fluctuations in exchange rates (see “Item 3. Key Information — Exchange Rates”). The timing, declaration, amount and payment of any future dividend will depend upon our future earnings, capital needs and other relevant factors, in each case as proposed by the Executive Board and the Supervisory Board of SAP SE and approved by the Annual General Meeting of Shareholders.
In light of SAP’s strong financial performance and healthy balance sheet, the Supervisory Board of SAP SE approved, on November 4, 2019, the Executive Board’s plan for enhanced capital return in 2020. Under this new program, the Company intends to repurchase shares and/or issue a special dividend with a combined volume of €1.5 billion by December 31, 2020.
Table:
 | Dividend Paid per Ordinary Share | 
Year Ended December 31, | € | US$
2015 | 1.15 | 1.30 (1)
2016 | 1.25 | 1.37 (1)
2017 | 1.40 | 1.65 (1)
2018 | 1.50 | 1.68 (1)
2019 (proposed) | 1.58 (2) | 1.73 (2), (3)


Question: What is the US$ value for 2019 translated for?
Answer: the convenience of the reader from euro into U.S. dollars at the Noon Buying Rate for converting euro into U.S. dollars on February 7, 2020 of US$1.0950 per €1.00
Cost of Net Revenue and Gross Profit
Cost of net revenue decreased $26.7 million to $149.5 million for the year ended December 31, 2019, as compared to $176.2 million for the year ended December 31, 2018. The decrease was primarily driven by lower sales. The decrease in gross profit percentage for the year ended December 31, 2019, as compared to the year ended December 31, 2018, was due to lower revenue and product mix.
We currently expect that gross profit percentage will fluctuate in the future, from period-to-period, based on changes in product mix, average selling prices, and average manufacturing costs.
Table:
 | Year Ended December 31, |  | % Change
 | 2019 | 2018 | 2019
 |  | (dollars in thousands) | 
Cost of net revenue | $149,495 | $176,223 | (15)%
% of net revenue | 47% | 46% | 
Gross profit | 167,685 | 208,774 | (20)%
% of net revenue | 53% | 54% | 


Question: What was the respective cost of net revenue in 2019 and 2018?
Answer: $149,495, $176,223
Stock-based compensation expense is included in general and administrative expense for each period as follows:
As of December 31, 2019, there was $4,801 of unrecognized stock-based compensation expense related to unvested employee stock options and $1,882 of unrecognized stock-based compensation expense related to unvested RSUs. These costs are expected to be recognized over a weighted-average period of 2.13 and 2.33 years, respectively.
Table:
 | Year Ended | Year Ended
Stock-Based Compensation by Type of Award | December 31, 2019 | December 31, 2018
Stock options | $2,756 | $2,926
RSUs | 955 | 1,129
Total stock-based compensation expense | $3,711 | $4,055


Question: What is the total stock-based compensation expense and unrecognized stock-based compensation expense in 2019?
Answer: 10394
Calculation: 3,711 + 4,801 + 1,882
(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 was the total gross receivables for credit ratings 1 to 4 in 2019?
Answer: 5,984
the fair value measurements of the borrowings under our credit agreement and receivables facility are classified as level 2 within the fair value hierarchy since they are determined based upon significant inputs observable in the market , including interest rates on recent financing transactions with similar terms and maturities . we estimated the fair value by calculating the upfront cash payment a market participant would require at december 31 , 2016 to assume these obligations . the fair value of our notes is classified as level 1 within the fair value hierarchy since it is determined based upon observable market inputs including quoted market prices in an active market . the fair value of our euro notes is determined based upon observable market inputs including quoted market prices in a market that is not active , and therefore is classified as level 2 within the fair value hierarchy . note 12 . commitments and contingencies operating leases we are obligated under noncancelable operating leases for corporate office space , warehouse and distribution facilities , trucks and certain equipment . the future minimum lease commitments under these leases at december 31 , 2016 are as follows ( in thousands ) : years ending december 31: .

Table:
2017 | $ 200450
2018 | 168926
2019 | 136462
2020 | 110063
2021 | 82494
thereafter | 486199
future minimum lease payments | $ 1184594
rental expense for operating leases was approximately $ 211.5 million , $ 168.4 million and $ 148.5 million during the years ended december 31 , 2016 , 2015 and 2014 , respectively .
we guarantee the residual values of the majority of our truck and equipment operating leases .
the residual values decline over the lease terms to a defined percentage of original cost .
in the event the lessor does not realize the residual value when a piece of equipment is sold , we would be responsible for a portion of the shortfall .
similarly , if the lessor realizes more than the residual value when a piece of equipment is sold , we would be paid the amount realized over the residual value .
had we terminated all of our operating leases subject to these guarantees at december 31 , 2016 , our portion of the guaranteed residual value would have totaled approximately $ 59.0 million .
we have not recorded a liability for the guaranteed residual value of equipment under operating leases as the recovery on disposition of the equipment under the leases is expected to approximate the guaranteed residual value .
litigation and related contingencies we have certain contingencies resulting from litigation , claims and other commitments and are subject to a variety of environmental and pollution control laws and regulations incident to the ordinary course of business .
we currently expect that the resolution of such contingencies will not materially affect our financial position , results of operations or cash flows. .

Question: what was the percentage change in rental expense for operating leases from 2015 to 2016?
Answer: 26%
Calculation: subtract(211.5, 168.4), divide(#0, 168.4)
19. Related Party Transactions
Key management personnel compensation
All directors and executive management have authority and responsibility for planning, directing and controlling the activities of the Group, and are considered to be key management personnel.
Compensation for the Group’s key management personnel is as follows:
Table:
 |  | Fiscal Year Ended June 30, | 
 | 2019 | 2018 | 2017
 |  | (U.S. $ in thousands) | 
Executive management |  |  | 
Short-term compensation and benefits | $3,835 | $2,991 | $2,860
Post-employment benefits | 109 | 99 | 100
Share-based payments | 17,144 | 9,335 | 26,030
 | $21,088 | $12,425 | $28,990
Board of directors |  |  | 
Cash remuneration | $430 | $362 | $388
Share-based payments | 1,772 | 1,577 | 1,825
 | $2,202 | $1,939 | $2,213


Question: What is the average annual total compensation for the Board of directors in fiscal years ended June 30, 2017, 2018 and 2019?
Answer: 2118
Calculation: (2,202+1,939+2,213)/3
Information on the reportable segment net revenues and segment operating income are presented below (amounts in millions):
(1) Intersegment revenues reflect licensing and service fees charged between segments.
Table:
 |  | Year Ended December 31, 2019 |  | 
 | Activision | Blizzard | King | Total
Segment Revenues |  |  |  | 
Net revenues from external customers | $2,219 | $1,676 | $2,031 | $5,926
Intersegment net revenues (1) | — | 43 | — | 43
Segment net revenues | $2,219 | $1,719 | $2,031 | $5,969
Segment operating income | $850 | $464 | $740 | $2,054
 |  | Year Ended December 31, 2018 |  | 
 | Activision | Blizzard | King | Total
Segment Revenues |  |  |  | 
Net revenues from external customers | $2,458 | $2,238 | $2,086 | $6,782
Intersegment net revenues (1) | — | 53 | — | 53
Segment net revenues | $2,458 | $2,291 | $2,086 | $6,835
Segment operating income | $1,011 | $685 | $750 | $2,446
 |  | Year Ended December 31, 2017 |  | 
 | Activision | Blizzard | King | Total
Segment Revenues |  |  |  | 
Net revenues from external customers | $2,628 | $2,120 | $1,998 | $6,746
Intersegment net revenues (1) | — | 19 | — | 19
Segment net revenues | $2,628 | $2,139 | $1,998 | $6,765
Segment operating income | $1,005 | $712 | $700 | $2,417


Question: What is the percentage change in total segment net revenues between 2018 and 2019?
Answer: -12.67
Calculation: (($5,969-$6,835)/$6,835) * 100
item 1b . unresolved staff comments not applicable . item 2 . properties as of december 26 , 2015 , our major facilities consisted of : ( square feet in millions ) united states countries total owned facilities1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30.7 17.2 47.9 leased facilities2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.1 6.0 8.1 .

Table:
( square feet in millions ) | unitedstates | othercountries | total
owned facilities1 | 30.7 | 17.2 | 47.9
leased facilities2 | 2.1 | 6.0 | 8.1
total facilities | 32.8 | 23.2 | 56.0
1 leases on portions of the land used for these facilities expire on varying dates through 2062 .
2 leases expire on varying dates through 2030 and generally include renewals at our option .
our principal executive offices are located in the u.s .
and a majority of our wafer fabrication activities are also located in the u.s .
we completed construction of development fabrication facilities in oregon during 2014 that we expect will enable us to maintain our process technology lead .
we also completed construction of a large-scale fabrication building in arizona in 2013 .
a portion of the new oregon and arizona facilities are currently not in use and we are reserving the new buildings for additional capacity and future technologies .
incremental construction and equipment installation are required to ready the facilities for their intended use .
our massachusetts fabrication facility was our last manufacturing facility on 200mm wafers and ceased production in q1 2015 .
outside the u.s. , we have wafer fabrication facilities in ireland , israel , and china .
our fabrication facility in ireland has transitioned to our 14nm process technology , with manufacturing continuing to ramp in 2016 .
additionally , in the second half of 2016 , we will start using our facility in dalian , china to help expand our manufacturing capacity in next-generation memory .
our assembly and test facilities are located in malaysia , china , and vietnam .
in addition , we have sales and marketing offices worldwide that are generally located near major concentrations of customers .
we believe that the facilities described above are suitable and adequate for our present purposes and that the productive capacity in our facilities is substantially being utilized or we have plans to utilize it .
we do not identify or allocate assets by operating segment .
for information on net property , plant and equipment by country , see 201cnote 26 : operating segments and geographic information 201d in part ii , item 8 of this form 10-k .
item 3 .
legal proceedings for a discussion of legal proceedings , see 201cnote 25 : contingencies 201d in part ii , item 8 of this form 10-k .
item 4 .
mine safety disclosures not applicable. .

Question: what is the percent of the square foot in millions of owned facilities in the other countries to the of the total owned facilities
Answer: 35.9%
Calculation: divide(17.2, 47.9)
Consolidated income statement
For the year ended 31 March 2019
1 The Group has adopted IFRS 9 ‘Financial Instruments’, IFRS 15 ‘Revenue from Contracts with Customers’, and IFRS 16 ‘Leases’ from 1 April 2018. The year ended 31 March 2018 has been restated for IFRS 16 which was implemented using the fully retrospective method. For further information on the impact of the change in accounting policies, see note 2 of these consolidated financial statements.
Table:
 | Note | 2019 | (Restated)1 2018
 |  | £m | £m
Revenue | 5 | 355.1 | 330.1
Administrative expenses |  | (112.3) | (108.8)
Share of profit from joint ventures | 16 | 0.9 | –
Operating profit | 6 | 243.7 | 221.3
Finance costs | 9 | (10.2) | (10.6)
Profit on the sale of subsidiary | 10 | 8.7 | –
Profit before taxation |  | 242.2 | 210.7
Taxation | 11 | (44.5) | (39.6)
Profit for the year attributable to equity holders of the parent |  | 197.7 | 171.1
Basic earnings per share | 12 |  | 
From profit for the year (pence per share) |  | 21.00 | 17.74
Diluted earnings per share | 12 |  | 
From profit for the year (pence per share) |  | 20.94 | 17.68


Question: What was the change in profit before taxation in 2019 from 2018?
Answer: 31.5
Calculation: 242.2-210.7
Operating Expense
Sales and Marketing
Sales and marketing expenses increased $122.8 million, or 35.1%, for the year ended December 31, 2019 compared to the same period in 2018, due to an increase of $70.4 million in expenditures on marketing programs to support the growth of our business, such as advertisements on search engines and social media, brand campaigns, event sponsorships and payments to partners. Employee-related costs increased $48.7 million ($14.1 million of which related to stock-based compensation and related payroll taxes) to support the growth of the business including in Shopify Plus and International operations. Computer hardware and software costs increased by $3.7 million, largely due to the growth in sales and marketing headcount
Sales and marketing expenses increased $124.4 million, or 55.1%, for the year ended December 31, 2018 compared to the same period in 2017, primarily due to an increase of $80.7 million in employee-related costs. In addition to employee-related costs, marketing costs increased by $39.7 million and computer hardware and software costs increased by $4.0 million.
Table:
 | Years ended December 31, |  |  | 2019 vs 2018 | 2018 vs 2017
 | 2019 | 2018 | 2017 | % Change | % Change
 | (in thousands, except percentages) |  |  |  | 
Sales and marketing | $ 472,841 | $ 350,069 | $ 225,694 | 35.1 % | 55.1 %
Percentage of total revenues | 30.0 % | 32.6 % | 33.5 % |  | 


Question: Between year ended 2017 and 2018, which year had a higher sales and marketing expense?
Answer: 2018
Calculation: 350,069>225,694
five-year stock performance graph the graph below illustrates the cumulative total shareholder return on snap-on common stock since december 31 , 2008 , assuming that dividends were reinvested . the graph compares snap-on 2019s performance to that of the standard & poor 2019s 500 stock index ( 201cs&p 500 201d ) and a peer group . snap-on incorporated total shareholder return ( 1 ) fiscal year ended ( 2 ) snap-on incorporated peer group ( 3 ) s&p 500 .

Table:
fiscal year ended ( 2 ) | snap-onincorporated | peer group ( 3 ) | s&p 500
december 31 2008 | $ 100.00 | $ 100.00 | $ 100.00
december 31 2009 | 111.40 | 127.17 | 126.46
december 31 2010 | 153.24 | 169.36 | 145.51
december 31 2011 | 140.40 | 165.85 | 148.59
december 31 2012 | 223.82 | 195.02 | 172.37
december 31 2013 | 315.72 | 265.68 | 228.19
( 1 ) assumes $ 100 was invested on december 31 , 2008 , and that dividends were reinvested quarterly .
( 2 ) the company's fiscal year ends on the saturday that is on or nearest to december 31 of each year ; for ease of calculation , the fiscal year end is assumed to be december 31 .
( 3 ) the peer group consists of : stanley black & decker , inc. , danaher corporation , emerson electric co. , genuine parts company , newell rubbermaid inc. , pentair ltd. , spx corporation and w.w .
grainger , inc .
24 snap-on incorporated 2009 2010 2011 2012 2013 snap-on incorporated peer group s&p 500 .

Question: in the five-year stock performance graph what was the ratio of the of the snap-on incorporated to the peer group performance in december 31 2012
Answer: 1.15
Calculation: divide(223.82, 195.02)
Note 6 Interest expense
Included in interest expense on long-term debt is interest on lease liabilities of $220 million for 2019 and interest on finance leases of $142 million for 2018.
Capitalized interest was calculated using an average rate of 3.96% and 3.88% for 2019 and 2018, respectively, which represents the weighted average interest rate on our outstanding long-term debt.
Table:
FOR THE YEAR ENDED DECEMBER 31 | 2019 | 2018
Interest expense on long-term debt | (1,024) | (918)
Interest expense on other debt | (153) | (133)
Capitalized interest | 45 | 51
Total interest expense | (1,132) | (1,000)


Question: What does the average rate used to calculate capitalized interest represent?
Answer: the weighted average interest rate on our outstanding long-term debt
Note 8 Property and Equipment, net
The following table details our property and equipment, net.
(1) Upon adoption of ASU 2016-02, $28.3 million of assets that were included in property and equipment, net as of December 31, 2018 are now included in other non-current assets on our Consolidated Balance Sheets as of December 31, 2019. These assets were related to capital leases, primarily for warehouse, office and small manufacturing facilities, IT equipment and automobiles, which are now ROU assets. Refer to Note 4, “Leases,” of the Notes to Consolidated Financial Statements for additional information on our ROU assets.
Table:
December 31, |  | 
(In millions) | 2019 | 2018(1)
Land and improvements | $ 50.7 | $ 41.2
Buildings | 747.0 | 728.6
Machinery and equipment | 2,453.2 | 2,325.7
Other property and equipment | 141.3 | 135.6
Construction-in-progress | 127.9 | 155.1
Property and equipment, gross | 3,520.1 | 3,386.2
Accumulated depreciation and amortization | (2,378.2) | (2,350.0)
Property and equipment, net | $ 1,141.9 | $ 1,036.2


Question: What is the percentage difference from 2018 to 2019 for Property and equipment, net values expressed as a percentage to Accumulated depreciation and amortization?
Answer: 3.92
Calculation: ((1,141.9/2,378.2)-(1,036.2/2,350.0)) * 100