hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
2007 annual report 21 five-year stock performance graph the graph below illustrates the cumulative total shareholder return on snap-on common stock since 2002 , 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 ) 2002 2003 2004 2005 2006 2007 snap-on incorporated peer group s&p 500 fiscal year ended ( 2 ) snap-on incorporated peer group ( 3 ) s&p 500 .

Table:
fiscal year ended ( 2 ) | snap-on incorporated | peer group ( 3 ) | s&p 500
december 31 2002 | $ 100.00 | $ 100.00 | $ 100.00
december 31 2003 | 118.80 | 126.16 | 128.68
december 31 2004 | 130.66 | 152.42 | 142.69
december 31 2005 | 146.97 | 157.97 | 149.70
december 31 2006 | 191.27 | 185.10 | 173.34
december 31 2007 | 198.05 | 216.19 | 182.87
( 1 ) assumes $ 100 was invested on december 31 , 2002 and that dividends were reinvested quarterly .
( 2 ) the company's fiscal year ends on the saturday closest to december 31 of each year ; the fiscal year end is assumed to be december 31 for ease of calculation .
( 3 ) the peer group includes : the black & decker corporation , cooper industries , ltd. , danaher corporation , emerson electric co. , fortune brands , inc. , genuine parts company , newell rubbermaid inc. , pentair , inc. , spx corporation , the stanley works and w.w .
grainger , inc. .

Question: what is the roi in s&p500 if the investment was made at the end of 2005 and sold at the end of 2007?
Answer: 22.2%
Calculation: subtract(182.87, 149.70), divide(#0, 149.70)
The following table lists customers from which the Company derived revenues in excess of 10% of total revenues for the years ended years ended September 30, 2019 and 2018
In addition, accounts receivable from Customer A totaled approximately $0.3 million, or 1%, and approximately $1.1 million, or 9%, of total consolidated accounts receivable as of September 30, 2019 and September 30, 2018, respectively. Accounts receivable and long term receivable from Customer B totaled approximately $7.4 million, or 36%, and approximately $0.2 million, or 2%, of total consolidated accounts receivable as of September 30, 2019 and September 30, 2018, respectively. We believe that the Company is not exposed to any significant credit risk with respect to the accounts receivable with these customers as of September 30, 2019. No other customers accounted for 10% or more of total consolidated accounts receivable as
of September 30, 2019.
Table:
 |  | For the years ended |  | 
 | September 30, 2019 |  | September 30, 2018 | 
 | Amount | % of Revenue | Amount | % of Revenue
 |  | (Amounts in millions) |  | 
Customer A | $3.8 | 5% | $7.5 | 10%
Customer B | $10.2 | 13% | 1.1 | 3%


Question: What is the percentage change in revenue earned from customer B between 2018 and 2019?
Answer: 827.27
Calculation: ((10.2 - 1.1)/1.1 ) * 100
19. INCOME TAXES
Deferred income taxes reflect the net effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and amounts used for income tax purposes. The components of our deferred tax assets and liabilities are as follows (in thousands):
As of September 27, 2019, we had $923.4 million of gross federal net operating loss ("NOL") carryforwards consisting of $479.2 million relating to the AppliedMicro Acquisition, $158.9 million relating to our acquisition of Mindspeed Technologies, Inc. in 2013, $26.2 million relating to our acquisition of BinOptics Corporation in 2014 and $259.1 million relating to losses generated by MACOM.
The federal NOL carryforwards will expire at various dates through 2037 for losses generated prior to the tax period ended September 28, 2018. For losses generated during the tax period ended September 28, 2018 and future years, the NOL carryforward period is infinite. The reported net operating loss carryforward includes any limitation under Sections 382 and 383 of the Internal Revenue Code of 1986, as amended, which applies to an ownership change as defined under Section 382.
Table:
 | September 27, 2019 | September 28, 2018
Deferred tax assets (liabilities):    |  | 
Federal and foreign net operating losses and credits | $263,199 | $321,982
  Intangible assets | 9,887 | (94,929)
  Property and equipment | (1,473) | (6,293)
Other non-current deferred tax assets | 16,933 | 13,850
Deferred compensation | — | 3,810
Deferred gain | — | 6,575
Interest | 7,170 | —
  Valuation allowance | (252,536) | (243,112)
Total deferred tax asset | $43,180 | $1,883


Question: What was the gross federal net operating loss in 2019?
Answer: $923.4 million
notes to consolidated financial statements ( continued ) note 7 2014income taxes ( continued ) as of september 30 , 2006 , the company has state and foreign tax loss and state credit carryforwards , the tax effect of which is $ 55 million . certain of those carryforwards , the tax effect of which is $ 12 million , expire between 2016 and 2019 . a portion of these carryforwards was acquired from the company 2019s previous acquisitions , the utilization of which is subject to certain limitations imposed by the internal revenue code . the remaining benefits from tax losses and credits do not expire . as of september 30 , 2006 and september 24 , 2005 , a valuation allowance of $ 5 million was recorded against the deferred tax asset for the benefits of state operating losses that may not be realized . management believes it is more likely than not that forecasted income , including income that may be generated as a result of certain tax planning strategies , together with the tax effects of the deferred tax liabilities , will be sufficient to fully recover the remaining deferred tax assets . a reconciliation of the provision for income taxes , with the amount computed by applying the statutory federal income tax rate ( 35% ( 35 % ) in 2006 , 2005 , and 2004 ) to income before provision for income taxes , is as follows ( in millions ) : 2006 2005 2004 as restated ( 1 ) as restated ( 1 ) .

Table:
 | 2006 | 2005 as restated ( 1 ) | 2004 as restated ( 1 )
computed expected tax | $ 987 | $ 633 | $ 129
state taxes net of federal effect | 86 | -19 ( 19 ) | -5 ( 5 )
indefinitely invested earnings of foreign subsidiaries | -224 ( 224 ) | -98 ( 98 ) | -31 ( 31 )
nondeductible executive compensation | 11 | 14 | 12
research and development credit net | -12 ( 12 ) | -26 ( 26 ) | -5 ( 5 )
other items | -19 ( 19 ) | -24 ( 24 ) | 4
provision for income taxes | $ 829 | $ 480 | $ 104
effective tax rate | 29% ( 29 % ) | 27% ( 27 % ) | 28% ( 28 % )
( 1 ) see note 2 , 201crestatement of consolidated financial statements . 201d the company 2019s income taxes payable has been reduced by the tax benefits from employee stock options .
the company receives an income tax benefit calculated as the difference between the fair market value of the stock issued at the time of the exercise and the option price , tax effected .
the net tax benefits from employee stock option transactions were $ 419 million , $ 428 million ( as restated ( 1 ) ) , and $ 83 million ( as restated ( 1 ) ) in 2006 , 2005 , and 2004 , respectively , and were reflected as an increase to common stock in the consolidated statements of shareholders 2019 equity. .

Question: what was the lowest effective tax rate in the three year period?
Answer: 27%
Calculation: table_min(effective tax rate, none)
entergy mississippi , inc . management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $ 16.5 million primarily due to lower other operation and maintenance expenses , higher net revenues , and a lower effective income tax rate , partially offset by higher depreciation and amortization expenses . 2015 compared to 2014 net income increased $ 17.9 million primarily due to the write-off in 2014 of the regulatory assets associated with new nuclear generation development costs as a result of a joint stipulation entered into with the mississippi public utilities staff , subsequently approved by the mpsc , partially offset by higher depreciation and amortization expenses , higher taxes other than income taxes , higher other operation and maintenance expenses , and lower net revenue . see note 2 to the financial statements for discussion of the new nuclear generation development costs and the joint stipulation . net revenue 2016 compared to 2015 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2016 to 2015 . amount ( in millions ) .

Table:
 | amount ( in millions )
2015 net revenue | $ 696.3
retail electric price | 12.9
volume/weather | 4.7
net wholesale revenue | -2.4 ( 2.4 )
reserve equalization | -2.8 ( 2.8 )
other | -3.3 ( 3.3 )
2016 net revenue | $ 705.4
the retail electric price variance is primarily due to a $ 19.4 million net annual increase in revenues , as approved by the mpsc , effective with the first billing cycle of july 2016 , and an increase in revenues collected through the storm damage rider .
see note 2 to the financial statements for more discussion on the formula rate plan and the storm damage rider .
the volume/weather variance is primarily due to an increase of 153 gwh , or 1% ( 1 % ) , in billed electricity usage , including an increase in industrial usage , partially offset by the effect of less favorable weather on residential and commercial sales .
the increase in industrial usage is primarily due to expansion projects in the pulp and paper industry , increased demand for existing customers , primarily in the metals industry , and new customers in the wood products industry. .

Question: for 2016 , what percentage of net revenue was due to the retail electric price adjustment?
Answer: 1.8%
Calculation: divide(12.9, 705.4)
Restricted Stock Awards and Restricted Stock Unit Awards
For equity based restricted stock and restricted stock unit awards that contain only service conditions for vesting (time-based awards), we calculate the award fair value based on the closing price of CenturyLink common stock on the accounting grant date. We also grant equity-based awards that contain service conditions as well as additional market or performance conditions. For awards having both service and market conditions, the award fair value is calculated using Monte-Carlo simulations. Awards with service as well as market or performance conditions specify a target number of shares for the award, although each recipient ultimately has the opportunity to receive between 0% and 200% of the target number of shares. For awards with service and market conditions, the percentage received is based on our total shareholder return over the three-year service period versus that of selected peer companies. For awards with service and performance conditions, the percentage received depends upon the attainment of one or more financial performance targets during the two or three-year service period.
The following table summarizes activity involving restricted stock and restricted stock unit awards for the year ended December 31, 2019:
(1) Shares granted whose related performance conditions were not finalized at December 31, 2019, were excluded from this figure.
During 2018, we granted 9.7 million shares of restricted stock and restricted stock unit awards at a weighted-average price of $17.02. During 2017, we granted 5.2 million shares of restricted stock and restricted stock unit awards at a weighted-average price of $22.02. The total fair value of restricted stock that vested during 2019, 2018 and 2017, was $118 million, $169 million and $60 million, respectively.
Table:
 | Number of shares | Weighed-Average Grant Date Fair Value
 | (In thousands) | 
Non-vested at December 31, 2018 | 17,059 | $19.65
Granted(1) | 9,780 | 12.41
Vested | (9,038) | 19.54
Forfeited | (1,757) | 18.62
Non-vested at December 31, 2019 | 16,044 | 15.42


Question: What is the percentage change in the number of non-vested shares in 2019 from 2018?
Answer: -5.95
Calculation: ((16,044-17,059)/17,059) * 100
Other Income (Expense), Net
Interest expense decreased $54.7 million during fiscal 2019 as compared to fiscal 2018, primarily due to elimination of the non-recourse residential financing obligations in connection with the sale of the Residential Lease Portfolio in November 2018, as well as the elimination of the sales-leaseback financing obligations in connection with the sale of the commercial sale-leaseback portfolio during the first and second quarters of fiscal 2019.
Interest expense increased $17.7 million in fiscal 2018 as compared to fiscal 2017 primarily due to new debt and new commercial sale-leaseback arrangements.
Other income increased by $119.4 million during fiscal 2019 as compared to fiscal 2018, primarily due to a $158.3 million gain on an equity investment with readily determinable fair value in fiscal 2019, as compared to a loss of $6.4 million in fiscal 2018. Additionally, gain on sale of equity investments during fiscal 2019 was $17.7 million, compared to $54.2 million in fiscal 2018.
Other income increased by $143.0 million in fiscal 2018 as compared to fiscal 2017. The change is primarily due to a $54.2 million gain on the sale of our equity method investments in fiscal 2018, a $73.0 million impairment charge in fiscal 2017 in our 8point3 Energy Partners LP equity investment balance due to the adoption of ASC 606 which materially increased the investment balance and consequently, led to the recognition of an other-than-temporary impairment in the first quarter of fiscal 2017.
Table:
 |  | Fiscal Year | 
(In thousands, except percentages) | 2019 | 2018 | 2017
Interest income | $2,702 | $3,057 | $2,100
Interest expense | (53,353) | (108,011) | (90,288)
Other Income (expense): |  |  | 
Other, net | 174,734 | 55,314 | (87,645)
Other income (expense), net | $124,083 | $(49,640) | $(175,833)
As a percentage of revenue | 7% | (3)% | (10)%


Question: What accounts for the change in interest expense from 2017 to 2018?
Answer: Due to new debt and new commercial sale-leaseback arrangements.
Change in Product Mix and Technology Migration
Because the price of wafers processed with different technologies varies significantly, the mix of wafers that we produce is among the primary factors that affect our revenues and profitability. The value of a wafer is determined principally by the complexity and performance of the processing technology used to produce the wafer, as well as by the yield and defect density. Production of devices with higher levels of functionality and performance, with better yields and lower defect density as well as with greater system-level integration requires better manufacturing expertise and generally commands higher wafer prices. The increase in price generally has more than offset associated increases in production cost once an appropriate economy of scale is reached.
Prices for wafers of a given level of technology generally decline over the processing technology life cycle. As a result, we have continuously been migrating to increasingly sophisticated technologies to maintain the same level of profitability. We began our volume production with 65-nanometer and 40-nanometer technologies in 2006 and 2009, respectively. We introduced our 28-nanometer technology to customers in 2011 and started large-scale commercial production in 2014. Our 28nm and below technologies contributed approximately 17.1%, 15.2% and 11.3% of our foundry revenue in 2017, 2018 and 2019 respectively.
Table:
 |  | Years Ended December 31, | 
Process Technologies | 2017 | 2018 | 2019
 | % | % | %
14 nanometers and under | 0.9 | 2.6 | 0.0
28 nanometers | 16.2 | 12.6 | 11.3
40 nanometers | 28.4 | 25.3 | 23.1
65 nanometers | 12.3 | 12.5 | 14.7
90 nanometers | 4.9 | 8.3 | 13.6
0.11/0.13 micron | 11.5 | 11.6 | 12.6
0.15/0.18 micron | 12.4 | 13.7 | 13.1
0.25/0.35 micron | 10.0 | 10.1 | 8.7
0.50 micron or higher | 3.4 | 3.3 | 2.9
Total | 100.0 | 100.0 | 100.0


Question: What was the average of 40 nanometers?
Answer: 25.6
Calculation: ((28.4% + 25.3% + 23.1%) / 3) * 100
Noncurrent Assets and Liabilities
The increase in noncurrent assets of $39,531 million ($39,470 million adjusted for currency) was driven by: • A net increase in goodwill and net intangible assets of $34,104 million ($34,058 million adjusted for currency) due to the acquisition of Red Hat; and • An increase in operating right-of-use assets of $4,996 million ($5,010 million adjusted for currency) as a result of the adoption of the new leasing standard on January 1, 2019; and• An increase in prepaid pension assets of $2,199 million ($2,152 million adjusted for currency) driven by higher returns on plan assets and plan remeasurements; partially offset by • A decrease in net property, plant and equipment of $782 million ($785 million adjusted for currency).
Long-term debt increased $18,497 million ($18,550 million adjusted for currency) primarily driven by: • Issuances of $26,081 million; partially offset by • Reclassifications to short-term debt of $7,592 million to reflect upcoming maturities.
Noncurrent liabilities (excluding debt) increased $6,778 million ($6,911 million adjusted for currency) primarily driven by: • An increase in long-term operating lease liabilities of $3,879 million ($3,893 million adjusted for currency) as a result of the adoption of the new leasing standard on January 1, 2019; and • An increase in other liabilities of $2,352 million ($2,320 million adjusted for currency), primarily driven by increases in deferred tax liabilities of $1,534 million and income tax reserves of $923 million.
Table:
($ in millions) |  | 
At December 31: | 2019 | 2018
Noncurrent assets | $113,767 | $74,236
Long-term debt | $ 54,102 | $35,605
Noncurrent liabilities (excluding debt) | $ 39,398 | $32,621


Question: What is the average Long-term debt?
Answer: 44853.5
Calculation: (54,102 + 35,605) / 2
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 are the balances (without Adoption of Topic 606, in millions) of inventories and other accrued liabilities, respectively?
Answer: 1,568.6, 690.5
10.2. Assets held for sale
On 21 December 2018, the Group entered into an agreement for the divestment of a component of freehold investment property in Melbourne, Victoria for $1m. This has been included within fair value adjustments in the statement of profit or loss. This transaction settled on 15 January 2019.
On 28 June 2019, the Group entered into an agreement for the sale of commercial investment property in Dunedin, New Zealand for NZD $1.3m less cost of sale of NZD $0.1m (AUD $1.2m less cost of sale of $0.1m). This has resulted in an unrealised gain of NZD $1.2m (AUD $1.1m) on the asset’s carrying value. This has been included within fair value adjustments in the statement of profit or loss.
As at 1 July 2018, the Group held a contractual agreement for the sale of the land and buildings of the Croydon self-storage centre for $5.8m, less cost of sale of $0.1m. This resulted in this asset being classified as held for sale. Due to unforeseen circumstances outside of the Group’s control this transaction did not proceed. At 30 June 2019 the asset has been classified as freehold investment property and is no longer held for sale.
Table:
 |  | 2019 | 2018
 | Notes | $'000 | $'000
Current assets |  |  | 
Opening balance at 1 July |  | 5,713 | 5,713
Item reclassified from freehold investment property | 10.4 | 2,068 | 4,400
Item reclassified to freehold investment property | 10.4 | (5,713) | 
Disposals during the year |  | (961) | (4,400)
Total assets held for sale |  | 1,107 | 5,713


Question: What was the result of the agreement signed on 28 June 2019?
Answer: an unrealised gain of NZD $1.2m (AUD $1.1m) on the asset’s carrying value.
Impairment test for goodwill
Goodwill is allocated to the appropriate cash-generating unit (‘CGU’) based on the smallest identifiable group of assets that generates cash inflows independently in relation to the specific goodwill. The recoverable amount of the CGU is determined from value-in-use calculations that use cash flow projections from the latest three-year plan. The carrying value of CGUs is the sum of goodwill, property, plant and equipment and intangibles and is as follows:
Table:
 | 2019 | (Restated) 2018
 | £m | £m
Digital | 327.6 | 342.6
Webzone | 6.6 | 6.9
Total | 334.2 | 349.5


Question: In which year was Webzone larger?
Answer: 2018
Calculation: 6.9>6.6