hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
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 years are compared in the table?
Answer: 2019 and 2018, 2018 and 2017
Cost of revenues. Cost of revenues increased by 20% to RMB59,659 million for the fourth quarter of 2019 on a year-on-year basis. The increase was mainly due to greater costs of FinTech services, channel costs and content costs. As a percentage of revenues, cost of revenues decreased to 56% for the fourth quarter of 2019 from 59% for the fourth quarter of 2018. The following table sets forth our cost of revenues by line of business for the fourth quarter of 2019 and the fourth quarter of 2018:
Cost of revenues for VAS increased by 28% to RMB26,120 million for the fourth quarter of 2019 on a year-on-year basis. The increase mainly reflected greater channel costs for smart phone games due to increased revenues, including the channel costs attributable to Supercell, as well as higher content costs for services and products such as live broadcast services, online games and music streaming.
Cost of revenues for FinTech and Business Services increased by 32% to RMB21,520 million for the fourth quarter of 2019 on a year-on-year basis. The increase was primarily driven by scale expansion of our payment-related services and cloud business.
Cost of revenues for Online Advertising decreased by 14% to RMB9,241 million for the fourth quarter of 2019 on a year-on-year basis. The decrease was mainly due to lower content costs for video advertising as a result of fewer major content releases, and to cost management.
Table:
 | Unaudited |  |  | 
 | Three months ended |  |  | 
 | 31 December 2019 |  | 31 December 2018 | 
 |  | % of |  | % of
 |  | segment |  | segment
 | Amount | revenues | Amount | revenues
 |  |  | (Restated) | (Restated)
 | (RMB in millions, unless specified) |  |  | 
VAS | 26,120 | 50% | 20,330 | 47%
FinTech and Business Services | 21,520 | 72% | 16,310 | 76%
Online Advertising | 9,241 | 46% | 10,800 | 63%
Others | 2,778 | 84% | 2,304 | 88%
Total cost of revenues | 59,659 |  | 49,744 | 


Question: What was the percentage change in cost of Online Advertising revenue between the fourth quarter of 2018 and 2019?
Answer: 14%
The following table represents the restricted stock units and SARS stock-based compensation information for the periods indicated (in thousands):
(1) Classified as income tax expense within the Consolidated Statements of Operations.
Table:
 |  | Fiscal Year Ended August 31, | 
 | 2019 | 2018 | 2017
Intrinsic value of SARS exercised | $335 | $909 | $5,053
Fair value of restricted stock units vested | $49,725 | $62,592 | $44,010
Tax benefit for stock compensation expense(1) | $611 | $1,122 | $560
Unrecognized stock-based compensation expense — restricted stock units | $41,778 |  | 
Remaining weighted-average period for restricted stock units expense | 1.3years |  | 


Question: What was the Intrinsic value of SARS exercised in 2017?
Answer: $5,053
Cash flow
Net cash flow from operating activities decreased by $4.8 million to $142.9 million from $147.7 million in the prior period. The small overall decrease was due to a $9.9 million reduction in the cashflow outflow on exceptional items, a $7.0 million improved use of working capital within the business, both being offset by an increase in overheads, primarily in relation to Sales and Marketing expenses.
Unlevered free cashflow decreased by $15.8 million to $123.8 million from $139.6 million in the prior-period representing the reduction in net cash flow from operating activities adjusted for the cashflow impact of exceptional items.
1 Restated for the adoption of IFRS 15 and change in accounting policy in respect of research and development expenditure tax credit scheme (“RDEC”) and provision for interest on uncertain tax positions, as explained in note 2 of the Financial Statements
2 Unlevered free cash flow is also represented by the sum of the marked rows and has been presented to enhance understanding of the Group’s cash generation capability
3 Excludes non-cash movements on exceptional items
Table:
 | FY19 | FY181
 | $M | $M
Cash EBITDA2 | 167.9 | 199.2
Net deferral of revenue | (49.7) | (129.6)
Net deferral of expenses | 0.9 | 8.4
Foreign exchange | 1.5 | (8.1)
Depreciation | (11.6) | (11.6)
Adjusted operating profit | 109.0 | 58.3
Net deferral of revenue | 49.7 | 129.6
Net deferral of expenses | (0.9) | (8.4)
Exceptional items 3 | (3.1) | (13.0)
Depreciation | 11.6 | 11.6
Foreign exchange | (1.5) | 8.1
Change in working capital 2 | (5.2) | (12.2)
Corporation tax paid 2 | (16.7) | (26.3)
Net cash flow from operating activities | 142.9 | 147.7
Exceptional items 3 | 3.1 | 13.0
Net capital expenditure 2 | (22.2) | (21.1)
Unlevered free cash flow | 123.8 | 139.6


Question: What was the Net cash flow from operating activities in 2019?
Answer: $142.9 million
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 percentage of total principal transactions revenue in 2018 was do to interest rate risks?
Answer: 57%
Calculation: divide(5186, 9062)
Medical Segment Results
Below is a table summarizing results for the fiscal years ended:
Net Sales. The Medical segment had minimal net sales in both periods from newly launched products.
Gross Profit. Medical segment gross profit was a loss of $3.5 million in fiscal 2018 compared to a loss of $3.1 million in fiscal 2017. The increased loss primarily relates to the vertical manufacturing integration of some key components and research efforts to expand the product offerings.
Loss from Operations. Medical segment loss from operations increased $2.9 million to $11.4 million in fiscal 2018 compared to $8.5 million in fiscal 2017. The increased loss relates to higher outside professional fees, research and development and marketing expenses in fiscal 2018. Financial Condition, Liquidity and Capital Resources
Table:
(Dollars in Millions) | April 28, 2018 | April 29, 2017 | Net Change ($) | Net Change (%)
Net Sales | $ 0.3 | $ 0.2 | $ 0.1 | 50.0 %
Gross Profit | $ (3.5) | $ (3.1) | $ (0.4) | (12.9)%
Loss from Operations | $ (11.4) | $ (8.5) | $ (2.9) | (34.1)%


Question: How much did Medical segment loss from operations increased in fiscal 2018 compared to fiscal 2017?
Answer: $2.9 million
Cash Flow
Cash flow provided by operating activities. Cash flows provided by operating activities were $7.2 million in fiscal 2019. The provision of cash was due primarily to our operating loss of $13.2 million adjusted for $22.4 million in non-cash expense including depreciation, amortization, and share based compensation and an increase of approximately $2 million in net operating assets and liabilities.
Cash flows provided by operating activities were $6.9 million in fiscal 2018. The provision of cash was due primarily to our operating loss of $12.1 million adjusted for $19.2 million in non-cash expense including depreciation, amortization, and share based compensation.
Cash flows provided by operating activities were $3.4 million in fiscal 2017. The provision of cash included $6.4 million in increased collections on accounts receivable.
Cash flow used in investing activities. Cash flows used in investing activities in fiscal 2019 were $5.5 million. This is primarily attributed to $2.2 million in development of proprietary software and $3.3 million for purchase of property and equipment, including internal use software.
Cash flows used in investing activities in fiscal 2018 were $15.1 million. This is primarily attributed to $8.9 million in development of proprietary software and $6.1 million for purchase of property and equipment, including internal use software.
Cash flows used in investing activities in fiscal 2017 were $13.9 million. This is primarily attributed to $11.9 million in development of proprietary software and $4.2 million for purchase of property and equipment, including internal use software offset by $2.2 million in proceeds from corporate owned life insurance policies.
Cash flow used in financing activities. Respectively, in fiscal 2019, 2018, and 2017, the $0.8 million, $1.3 million, and $0.8 million cash flows used in financing activities were primarily comprised of the repurchase of shares to satisfy employee tax withholding and to cover the exercise price of the options, and payments on capital lease obligations.
Table:
 |  | Year ended March 31, | 
(In thousands) | 2019 | 2018 | 2017
Net cash provided by (used in): |  |  | 
Operating activities | $7,241 | $6,874 | $3,433
Investing activities | (5,534) | (15,085) | (13,865)
Financing activities | (767) | (1,295) | (847)
Effect of exchange rate changes on cash | (112) | 194 | (74)
Cash flows provided by (used in) operations | $828 | $(9,312) | $(11,353)


Question: What was Net cash provided by (used in) operating activities in 2017?
Answer: $3,433
stock performance graph the graph depicted below shows a comparison of our cumulative total stockholder returns for our common stock , the nasdaq stock market index , and the nasdaq pharmaceutical index , from the date of our initial public offering on july 27 , 2000 through december 26 , 2003 . the graph assumes that $ 100 was invested on july 27 , 2000 , in our common stock and in each index , and that all dividends were reinvested . no cash dividends have been declared on our common stock . stockholder returns over the indicated period should not be considered indicative of future stockholder returns . comparison of total return among illumina , inc. , the nasdaq composite index and the nasdaq pharmaceutical index december 26 , 2003december 27 , 2002december 28 , 2001december 29 , 2000july 27 , 2000 illumina , inc . nasdaq composite index nasdaq pharmaceutical index july 27 , december 29 , december 28 , december 27 , december 26 , 2000 2000 2001 2002 2003 .

Table:
 | july 27 2000 | december 29 2000 | december 28 2001 | december 27 2002 | december 26 2003
illumina inc . | 100.00 | 100.39 | 71.44 | 19.50 | 43.81
nasdaq composite index | 100.00 | 63.84 | 51.60 | 35.34 | 51.73
nasdaq pharmaceutical index | 100.00 | 93.20 | 82.08 | 51.96 | 74.57
.

Question: what was the cumulative total stockholder return percentage for illumina inc . common stock for the four years end 2003?
Answer: -56.19%
Calculation: subtract(43.81, const_100), divide(#0, const_100)
We use a wide variety of raw materials in the manufacture of our products. Cost of sales and gross margin are subject to variability in raw material prices which continue to fluctuate for many of the raw materials we use, including copper, gold, and silver. In fiscal 2019, we purchased approximately 172 million pounds of copper, 122,000 troy ounces of gold, and 2.6 million troy ounces of silver. The following table presents the average prices incurred related to copper, gold, and silver:
In fiscal 2020, we expect to purchase approximately 170 million pounds of copper, 120,000 troy ounces of gold, and 2.4 million troy ounces of silver.
Table:
 |  |  | Fiscal
 | Measure | 2019 | 2018
Copper | Lb. | $ 2.93 | $  2.86
Gold | Troy oz. | 1,309 | 1,281
Silver | Troy oz. | 16.42 | 17.15


Question: What was the change in the average prices for Gold in 2019 from 2018?
Answer: 28
Calculation: 1,309-1,281
Employee Stock Purchase Plan
Eligible employees are offered shares through a 24-month offering period, which consists of four consecutive 6-month purchase periods. Employees may purchase a limited number of shares of the Company’s stock at a discount of up to 15% of the lesser of the market value at the beginning of the offering period or the end of each 6-month purchase period. On September 13, 2018, the ESPP was amended to increase the shares reserved for issuance by 2 million shares of common stock. As of April 26, 2019, 7 million shares were available for issuance. The following table summarizes activity related to the purchase rights issued under the ESPP (in millions):
Table:
 |  | Year Ended | 
 | April 26, 2019 | April 27, 2018 | April 28, 2017
Shares issued under the ESPP | 3 | 4 | 4
Proceeds from issuance of shares | $ 96 | $ 85 | $ 80


Question: What was the change in the Proceeds from issuance of shares between 2017 and 2018?
Answer: 5
Calculation: 85-80
2011 2012 2013 2014 2015 2016 comparison of five-year cumulative total shareholder return altria group , inc . altria peer group s&p 500 part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities . performance graph the graph below compares the cumulative total shareholder return of altria group , inc . 2019s common stock for the last ive years with the cumulative total return for the same period of the s&p 500 index and the altria group , inc . peer group ( 1 ) . the graph assumes the investment of $ 100 in common stock and each of the indices as of the market close on december 31 , 2011 and the reinvestment of all dividends on a quarterly basis . source : bloomberg - 201ctotal return analysis 201d calculated on a daily basis and assumes reinvestment of dividends as of the ex-dividend date . ( 1 ) in 2016 , the altria group , inc . peer group consisted of u.s.-headquartered consumer product companies that are competitors to altria group , inc . 2019s tobacco operating companies subsidiaries or that have been selected on the basis of revenue or market capitalization : campbell soup company , the coca-cola company , colgate-palmolive company , conagra brands , inc. , general mills , inc. , the hershey company , kellogg company , kimberly-clark corporation , the kraft heinz company , mondel 0113z international , inc. , pepsico , inc . and reynolds american inc . note - on october 1 , 2012 , kraft foods inc . ( kft ) spun off kraft foods group , inc . ( krft ) to its shareholders and then changed its name from kraft foods inc . to mondel 0113z international , inc . ( mdlz ) . on july 2 , 2015 , kraft foods group , inc . merged with and into a wholly owned subsidiary of h.j . heinz holding corporation , which was renamed the kraft heinz company ( khc ) . on june 12 , 2015 , reynolds american inc . ( rai ) acquired lorillard , inc . ( lo ) . on november 9 , 2016 , conagra foods , inc . ( cag ) spun off lamb weston holdings , inc . ( lw ) to its shareholders and then changed its name from conagra foods , inc . to conagra brands , inc . ( cag ) . .

Table:
date | altria group inc . | altria group inc . peer group | s&p 500
december 2011 | $ 100.00 | $ 100.00 | $ 100.00
december 2012 | $ 111.77 | $ 108.78 | $ 115.99
december 2013 | $ 143.69 | $ 135.61 | $ 153.55
december 2014 | $ 193.28 | $ 151.74 | $ 174.55
december 2015 | $ 237.92 | $ 177.04 | $ 176.94
december 2016 | $ 286.61 | $ 192.56 | $ 198.09
altria altria group , inc .
group , inc .
peer group s&p 500 .

Question: did altria outperform it's peer group?
Answer: yes
Calculation: greater(286.61, 192.56)
item 5 . market for the registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following graph compares annual total return of our common stock , the standard & poor 2019s 500 composite stock index ( 201cs&p 500 index 201d ) and our peer group ( 201cloews peer group 201d ) for the five years ended december 31 , 2009 . the graph assumes that the value of the investment in our common stock , the s&p 500 index and the loews peer group was $ 100 on december 31 , 2004 and that all dividends were reinvested. .

Table:
 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009
loews common stock | 100.00 | 135.92 | 179.47 | 219.01 | 123.70 | 160.62
s&p 500 index | 100.00 | 104.91 | 121.48 | 128.16 | 80.74 | 102.11
loews peer group ( a ) | 100.00 | 133.59 | 152.24 | 174.46 | 106.30 | 136.35
( a ) the loews peer group consists of the following companies that are industry competitors of our principal operating subsidiaries : ace limited , w.r .
berkley corporation , cabot oil & gas corporation , the chubb corporation , energy transfer partners l.p. , ensco international incorporated , the hartford financial services group , inc. , kinder morgan energy partners , l.p. , noble corporation , range resources corporation , spectra energy corporation ( included from december 14 , 2006 when it began trading ) , transocean , ltd .
and the travelers companies , inc .
dividend information we have paid quarterly cash dividends on loews common stock in each year since 1967 .
regular dividends of $ 0.0625 per share of loews common stock were paid in each calendar quarter of 2009 and 2008 .
we paid quarterly cash dividends on the former carolina group stock until the separation .
regular dividends of $ 0.455 per share of the former carolina group stock were paid in the first and second quarters of 2008. .

Question: what was the growth rate of the s&p 500 index from december 31 , 2004 to 2007
Answer: 28.16%
Calculation: divide(128.16, const_100)
NOTE 21—EARNINGS PER SHARE
Basic earnings per share are computed by dividing net income, attributable to OpenText, by the weighted average number of Common Shares outstanding during the period. Diluted earnings per share are computed by dividing net income, attributable to OpenText, by the shares used in the calculation of basic earnings per share plus the dilutive effect of Common Share equivalents, such as stock options, using the treasury stock method. Common Share equivalents are excluded from the computation of diluted earnings per share if their effect is anti-dilutive.
(1) Please also see note 14 "Income Taxes" for details relating to a one-time tax benefit of $876.1 million recorded during the three months ended September 30, 2016 in connection with an internal reorganization of our subsidiaries.
(2) Represents options to purchase Common Shares excluded from the calculation of diluted earnings per share because the exercise price of the stock options was greater than or equal to the average price of the Common Shares during the period.
Table:
 |  | Year Ended June 30, | 
 | 2019 | 2018 | 2017
Basic earnings per share |  |  | 
Net income attributable to OpenText | $285,501 | $242,224 | $1,025,659(1)
Basic earnings per share attributable to OpenText | $1.06 | $0.91 | $4.04
Diluted earnings per share |  |  | 
Net income attributable to OpenText | $285,501 | $242,224 | $1,025,659(1)
Diluted earnings per share attributable to OpenText | $1.06 | $0.91 | $4.01
Weighted-average number of shares outstanding (in 000's) |  |  | 
Basic | 268,784 | 266,085 | 253,879
Effect of dilutive securities | 1,124 | 1,407 | 1,926
Diluted | 269,908 | 267,492 | 255,805
Excluded as anti-dilutive(2) | 2,759 | 2,770 | 1,371


Question: When is Common Share equivalents are excluded from the computation of diluted earnings per share excluded?
Answer: if their effect is anti-dilutive
NAVIOS MARITIME HOLDINGS INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in thousands of U.S. dollars — except share data)
Revenue by Geographic Region
Vessels operate on a worldwide basis and are not restricted to specific locations. Accordingly, it is not possible to allocate the assets of these operations to specific countries. The total net book value of long-lived assets for dry bulk vessels amounted to $741,347 and $933,784 at December 31, 2019 and 2018, respectively. For the Logistics Business, all long-lived assets are located in South America. The total net book value of long-lived assets for the Logistics Business amounted to $536,342 (including constructions in progress of $4,046, referred to in Note 7) and $556,713 at December 31, 2019 and 2018, respectively. The total net book value of long-lived assets for the Containers Business amounted to at December 31, 2018 $399,979.
Table:
 | Year ended December 31, 2019 | Year ended December 31, 2018 | Year ended December 31, 2017
North America | $2,259 | $4,248 | $5,513
Europe | 179,009 | 142,688 | 124,857
Asia | 67,468 | 135,614 | 91,552
South America | 232,394 | 208,751 | 212,616
Other | 1,319 | 26,438 | 28,511
Total | $482,449 | $517,739 | $463,049


Question: What was the revenue in North America in 2019?
Answer: 2,259