hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Research, Development and Engineering Expense
NM—Not meaningful
Research, development and engineering (RD&E) expense was 7.8 percent of revenue in 2019 and 6.8 percent of revenue in 2018.
RD&E expense increased 11.3 percent in 2019 versus 2018 primarily driven by: • Higher spending (11 points) including investment in the z15 and Red Hat spending in the second half of 2019 (8 points); and • Higher acquisition-related charges associated with the Red Hat transaction (1 point); partially offset by • The effects of currency (1 point).
Operating (non-GAAP) expense increased 10.4 percent year to year primarily driven by the same factors excluding the acquisition-related charges associated with the Red Hat transaction.
Table:
($ in million) |  |  | 
For the year ended December 31: | 2019 | 2018 | Yr.-to-Yr. Percent Change
Total consolidated research, development and engineering | $5,989 | $5,379 | 11.3%
Non-operating adjustment |  |  | 
Acquisition-related charges | (53) | - | NM
Operating (non-GAAP) research, development and engineering | $5,936 | $5,379 | 10.4%


Question: What percentage of total revenue was Research, development and engineering (RD&E) expenses?
Answer: Research, development and engineering (RD&E) expense was 7.8 percent of revenue in 2019 and 6.8 percent of revenue in 2018.
Shares Reserved for Issuance
The following are shares reserved for issuance (in thousands):
Table:
 | June 30,
2019 | June 30,
2018
2013 Equity Incentive Plan shares available for grant | 8,462 | 9,957
Employee stock options and awards outstanding | 10,455 | 12,060
2014 Employee Stock Purchase Plan | 10,085 | 5,365
Total shares reserved for issuance | 29,002 | 27,382


Question: What was the change in the 2014 Employee Stock Purchase Plan between 2018 and 2019?
Answer: 4720
Calculation: 10,085-5,365
As of December 31, 2019, our required annual payments relating to these contractual obligations were as follows (in millions):
(1) Includes finance lease obligations.
(2) These calculations include the effect of our interest rate swaps and assume that (a) applicable margins remain constant; (b) our term A loan and revolving credit facility variable rate debt is priced at the one-month LIBOR rate in effect as of December 31, 2019; (c) only mandatory debt repayments are made; and (d) no refinancing occurs at debt maturity.
(3) Other includes commitment fees on our revolving credit facility and rating agencies fees.
Table:
 |  |  | Payments due by period | 
 | Total | 2020 | 2021-2022 | 2023-2024
Debt(1) | $1,554.8 | $80.0 | $184.1 | $1,290.7
Interest on debt (2) | 171.5 | 54.7 | 102.0 | 14.8
Data processing and maintenance commitments | 103.4 | 44.5 | 46.5 | 12.4
Operating lease payments | 27.5 | 12.6 | 11.5 | 3.4
Other(3) | 3.9 | 1.2 | 2.4 | 0.3
Total | $1,861.1 | $193.0 | $346.5 | $1,321.6


Question: For the period 2021-2022, how many contractual obligations exceeded $100 million?
Answer: 2
Calculation: Debt##Interest on debt
* 2019 results were impacted by Red Hat purchase accounting and acquisition-related activity.
Total expense and other (income) increased 13.7 percent in the fourth quarter with an expense-to-revenue ratio of 32.6 percent compared to 28.7 percent in the fourth quarter of 2018. The year-to-year increase was a result of higher spending (15 points) driven by Red Hat (15 points) and higher acquisitionrelated charges and amortization of acquired intangible assets associated with the Red Hat transaction (4 points), partially offset by higher divestiture gains (3 points) and lower non-operating retirement-related costs (3 points).
Total operating (non-GAAP) expense and other income increased 14.7 percent year to year primarily driven by the higher spending, partially offset by the divestiture gains, as described above.
Table:
($ in millions) |  |  | 
For the fourth quarter: | 2019 | 2018 | Yr.-to-Yr. Percent/ Margin Change*
Total consolidated expense and other (income) | $7,107 | $6,253 | 13.7%
Non-operating adjustments |  |  | 
Amortization of acquired intangible assets | (294) | (106) | 176.0
Acquisition-related charges | (27) | (13) | 104.7
Non-operating retirement related (costs)/income | (196) | (387) | (49.4)
Operating (non-GAAP) expense and other (income) | $6,591 | $5,746 | 14.7%
Total consolidated expense-to-revenue ratio | 32.6% | 28.7% | 3.9pts
Operating (non-GAAP) expense-to-revenue ratio | 30.3% | 26.4% | 3.9pts


Question: What caused total operating (non-GAAP) expense and other income to increase?
Answer: driven by the higher spending, partially offset by the divestiture gains, as described above.
Foreign Currency Risk
The Group is exposed to translation and transaction foreign exchange risk. Several other currencies in addition to the reporting currency of US dollar are used, including sterling and the euro. The Group experiences currency exchange differences arising upon retranslation of monetary items (primarily short-term inter-Company balances and long-term borrowings), which are recognised as an expense in the period the difference occurs. The Group endeavours to match cash inflows and outflows in the various currencies; the Group typically invoices its customers in their local currency and pays its local expenses in local currency, as a means to mitigate this risk.
The Group is also exposed to exchange differences arising from the translation of its subsidiaries’ Financial Statements into the Group’s reporting currency of US dollar, with the corresponding exchange differences taken directly to equity.
The following table illustrates the movement that ten per cent in the value of sterling or the euro against the US dollar would have had on the Group’s profit or loss for the period and on the Group’s equity as at the end of the period.
Any foreign exchange variance would be recognised as unrealised foreign exchange in the Consolidated Statement of Profit or Loss and have no impact on cash flows.
Table:
 | Year-ended 31 March 2019 | Year-ended 31 March 2018
 | $M | $M
10% movement in sterling to US dollar value |  | 
Profit or loss | 1.7 | 5.1
Equity | 33.8 | 37.4
10% movement in euro to US dollar value |  | 
Profit or loss | 1.5 | 7.5
Equity | (9.8) | (10.8)


Question: How would any foreign exchange variance be recognised?
Answer: as unrealised foreign exchange in the Consolidated Statement of Profit or Loss and have no impact on cash flows.
Remaining performance obligations
Remaining performance obligations represent contracted revenue that has not been recognized, which include contract liabilities and amounts that will be billed and recognized as revenue in future periods. As of March 29, 2019, we had $2,608 million of remaining performance obligations, which does not include customer deposit liabilities of approximately $505 million, and the approximate percentages expected to be recognized as revenue in the future are as follows:
Percentages may not add to 100% due to rounding.
Table:
 |  | Percent Expected to be Recognized as Revenue |  |  | 
(in millions, except percentages) | Total Remaining Performance Obligations | 0-12 Months | 13-24 Months | 25-36 Months | Over 36 Months
Enterprise Security | $2,059 | 65% | 24% | 10% | 2%
Consumer Cyber Safety | 549 | 95% | 4% | 1% | -%
Total | $2,608 | 71% | 19% | 8% | 1%


Question: What is the percentage constitution of the Total Remaining Performance Obligations of Consumer Cyber Safety among the total remaining performance obligations?
Answer: 21.05
Calculation: 549/2,608
4.2 Equity (continued)
Share buy-back
A buy-back is the purchase by a company of its existing shares. Refer to note 4.3 for further details.
Share-based payment reserve
This reserve records the value of shares under the Long Term Incentive Plan, and historical Employee and CEO Share Option plans offered to the CEO, Executives and employees as part of their remuneration. Refer to note 5.2 for further details of these plans.
Business combination reserve
The internal group restructure performed in the 2007 financial year, which interposed the holding company, iSelect Limited, into the consolidated group was exempted by AASB 3 Business Combinations as it precludes entities or businesses under common control. The carry-over basis method of accounting was used for the restructuring of the iSelect Group. As such, the assets and liabilities were reflected at their carrying amounts. No adjustments were made to reflect fair values, or recognise any new assets or liabilities. No goodwill was recognised as a result of the combination and any difference between the consideration paid and the ‘equity’ acquired was reflected within equity as an equity reserve titled “Business Combination Reserve”.
Foreign currency translation reserve
Refer to Note 1.5 for further details.
Table:
 | CONSOLIDATED | 
 | 2019 $’000 | 2018 $’000
Reserves |  | 
Share-based payment reserve | 3,960 | 3,198
Business combination reserve | 5,571 | 5,571
Foreign currency translation reserve | (12) | (24)
 | 9,519 | 8,745


Question: In which year is the share-based payment reserve higher?
Answer: 2019
Calculation: Find the year with the higiher share-based payment reserve
9. Net interest income/interest expenses
The interest result can be broken down as follows:
Interest income and interest expenses from financial instruments are assigned to the measurement categories according to IFRS 9 on the basis of the underlying transactions.
The interest expenses included here (of the measurement categories in accordance with IFRS 9) primarily include interest expenses for issued bonds (including the Commercial Paper Programme) of €41 million (2017/18: €55 million) and for liabilities to banks of €19 million (2017/18: €12 million).
The decline in interest expenses was primarily the result of more favourable refinancing terms.
Table:
€ million | 2017/2018 | 2018/2019
Interest income | 27 | 29
thereof finance leases | (0) | (0)
thereof from post-employment benefits plans | (5) | (7)
thereof from financial instruments of the measurement categories according to IFRS 9 (previous year: IAS39): | (16) | (12)
Interest expenses | −163 | −148
thereof finance leases | (−51) | (−49)
thereof from post-employment benefits plans | (−16) | (−15)
thereof from financial instruments of the measurement categories according to IFRS9 (previous year: IAS39) | (−79) | (−69)
Interest result | −136 | −119


Question: What was the change in interest income in 2018/2019 from 2017/2018?
Answer: 2
Calculation: 29-27
By region of shipment, in the 2019 fourth quarter, Asia Pacific revenues grew sequentially by 10.6%, principally in Imaging, Analog and Microcontrollers, Americas was up by 10.5%, mainly driven by Digital and Power Discrete, and EMEA decreased by 2.0%.
On a year-over-year basis, revenues grew 9.9% in Asia Pacific, mainly due to Analog, Microcontrollers and Imaging. In Americas, revenues grew 5.4%, mainly driven by Digital and Power Discrete, while it decreased by 12.8% in EMEA, mainly due to lower sales in Automotive, Power Discrete and  analog.
Table:
 |  | Three Months Ended |  | % Variation | 
 | December 31, 2019 | September 29, 2019 | December 31, 2018 | Sequential | Year-Over-Year
 |  |  | (Unaudited, in millions) |  | 
EMEA | $538 | $549 | $617 | (2.0)% | (12.8)%
Americas | 360 | 326 | 342 | 10.5 | 5.4
Asia Pacific | 1,856 | 1,678 | 1,689 | 10.6 | 9.9
Total | $2,754 | $2,553 | $2,648 | 7.9% | 4.0%


Question: What caused the year-over-year increase in Revenue for Asia?
Answer: mainly due to Analog, Microcontrollers and Imaging.
in direct competition with other co2 pipelines . we also compete with other interest owners in the mcelmo dome unit and the bravo dome unit for transportation of co2 to the denver city , texas market area . terminals our terminals segment includes the operations of our refined petroleum product , crude oil , chemical , ethanol and other liquid terminal facilities ( other than those included in the products pipelines segment ) and all of our coal , petroleum coke , fertilizer , steel , ores and other dry-bulk terminal facilities . our terminals are located throughout the u.s . and in portions of canada . we believe the location of our facilities and our ability to provide flexibility to customers help attract new and retain existing customers at our terminals and provide expansion opportunities . we often classify our terminal operations based on the handling of either liquids or dry-bulk material products . in addition , terminals 2019 marine operations include jones act qualified product tankers that provide marine transportation of crude oil , condensate and refined petroleum products in the u.s . the following summarizes our terminals segment assets , as of december 31 , 2016 : number capacity ( mmbbl ) .

Table:
 | number | capacity ( mmbbl )
liquids terminals | 51 | 85.2
bulk terminals | 37 | 2014
jones act tankers | 12 | 4.0
competition we are one of the largest independent operators of liquids terminals in north america , based on barrels of liquids terminaling capacity .
our liquids terminals compete with other publicly or privately held independent liquids terminals , and terminals owned by oil , chemical , pipeline , and refining companies .
our bulk terminals compete with numerous independent terminal operators , terminals owned by producers and distributors of bulk commodities , stevedoring companies and other industrial companies opting not to outsource terminaling services .
in some locations , competitors are smaller , independent operators with lower cost structures .
our jones act qualified product tankers compete with other jones act qualified vessel fleets. .

Question: what is the average capacity in mmbbl of jones act tankers?
Answer: .33
Calculation: divide(const_4, 12)
Unearned Revenue
Unearned revenue as of the periods presented consisted of the following (table in millions):
Unearned subscription and SaaS revenue is generally recognized over time as customers consume the services or ratably over the term of the subscription, commencing upon provisioning of the service. Previously, unearned subscription and SaaS revenue was allocated between unearned license revenue and unearned software maintenance revenue in prior periods and has been reclassified to conform with current period presentation.
Unearned software maintenance revenue is attributable to our maintenance contracts and is generally recognized over time on a ratable basis over the contract duration. The weighted-average remaining contractual term as of January 31, 2020 was approximately two years. Unearned professional services revenue results primarily from prepaid professional services and is generally recognized as the services are performed.
Table:
 | January 31, 2020 | February 1,2019
Unearned license revenue | $19 | $15
Unearned subscription and SaaS revenue | 1,534 | 916
Unearned software maintenance revenue | 6,700 | 5,741
Unearned professional services revenue | 1,015 | 767
Total unearned revenue | $9,268 | $7,439


Question: What was unearned software maintenance revenue attributable to?
Answer: maintenance contracts and is generally recognized over time on a ratable basis over the contract duration.
Historical Cash Flows
The following table sets forth our cash flows for the periods indicated (in thousands):
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Cash flows from operating activities | $47,112 | $60,710 | $57,187
Cash flows used in investing activities | (73,414) | (13,377) | (168,795)
Cash flows (used in) / from financing activities | (130) | 2,399 | 67,303


Question: What was the Cash flows (used in) / from financing activities in 2019?
Answer: (130)
Non-Management Director Compensation in Fiscal 2019
The non-management directors received the following compensation during fiscal 2019:
(1) This column represents the fair value of the stock award on the grant date determined in accordance with the provisions of ASC 718. As per SEC rules relating to executive compensation disclosure, the amounts shown exclude the impact of forfeitures related to service based vesting conditions. For additional information regarding assumptions made in calculating the amount reflected in this column, please refer to Note 10 to our audited consolidated financial statements, included in our Annual Report on Form 10-K for fiscal 2019.
(2) Dividend equivalent payments on unvested restricted stock.
Table:
Name | Fees Earned or Paid in Cash ($) | Stock Awards ($) (1) | Option Awards ($) | All Other Compensation ($) (2) | Total ($)
Robert D. Rosenthal | 95,000 | 40,000 | - | 25,900 | 160,900
Chad M. Lindbloom | 95,00 | 40,000 | - | 13,800 | 148,800
Paul S. Pearlman | 65,000 | 40,000 | - | 850 | 105,850
Lawrence Reinhold | 65,000 | 40,000 | - | 850 | 105,850


Question: What is the total compensation received by Robert D. Rosenthal and Chad M. Lindbloom respectively during fiscal 2019?
Answer: 160,900, 148,800
The breakout of product and service gross profit was as follows:
We assess the carrying value of our inventory on a quarterly basis by estimating future demand and comparing that demand against on-hand and on-order inventory positions. Forecasted revenues information is obtained from the sales and marketing groups and incorporates factors such as backlog and future consolidated revenues. This quarterly process identifies obsolete and excess inventory. Obsolete inventory, which represents items for which there is no demand, is fully reserved. Excess inventory, which represents inventory items that are not expected to be consumed during the next twelve quarters for our Semiconductor Test, Industrial Automation and System Test segments and next four quarters for our Wireless Test segment, is written-down to estimated net realizable value.
During the year ended December 31, 2019, we recorded an inventory provision of $15.2 million included in cost of revenues, primarily due to downward revisions to previously forecasted demand levels for certain products. Of the $15.2 million of total excess and obsolete provisions, $8.7 million was related to Semiconductor Test, $4.0 million was related to Wireless Test, $2.0 million was related to System Test, and $0.5 million was related to Industrial Automation.
During the year ended December 31, 2018, we recorded an inventory provision of $11.2 million included in cost of revenues, primarily due to downward revisions to previously forecasted demand levels for certain products. Of the $11.2 million of total excess and obsolete provisions, $6.8 million was related to Semiconductor Test, $2.5 million was related to Wireless Test, $1.2 million was related to System Test, and $0.7 million was related to Industrial Automation.
During the years ended December 31, 2019 and 2018, we scrapped $9.2 million and $7.0 million of inventory, respectively, and sold $3.2 million and $6.7 million of previously written-down or written-off inventory, respectively. As of December 31, 2019, we had inventory related reserves for amounts which had been written-down or written-off totaling $103.6 million. We have no pre-determined timeline to scrap the remaining inventory.
Table:
 | 2019 | 2018 | 2018-2019 Dollar/Point Change
 |  | (dollars in millions) | 
Product gross profit | $1,105.6 | $1,002.5 | $103.1
Percent of product revenues | 58.6% | 58.0% | 0.6
Service gross profit | $234.2 | $217.9 | $16.3
Percent of service revenues | 57.5% | 58.7% | (1.2)


Question: How is the carrying value of inventory assessed?
Answer: on a quarterly basis by estimating future demand and comparing that demand against on-hand and on-order inventory positions.
(13) (Loss) Earnings Per Common Share
Basic and diluted (loss) earnings per common share for the years ended December 31, 2019, 2018 and 2017 were calculated as follows:
(1) For the year ended December 31, 2019 and December 31, 2018, we excluded from the calculation of diluted loss per share 3.0 million shares and 4.6 million shares, respectively, potentially issuable under incentive compensation plans or convertible securities, as their effect, if included, would have been anti-dilutive.
Our calculation of diluted (loss) earnings per common share excludes shares of common stock that are issuable upon exercise of stock options when the exercise price is greater than the average market price of our common stock. We also exclude unvested restricted stock awards that are antidilutive as a result of unrecognized compensation cost. Such shares were 6.8 million, 2.7 million and 4.7 million for 2019, 2018 and 2017, respectively.
Table:
 |  | Years Ended December, 31 | 
 | 2019 | 2018 | 2017
 |  | (Dollars in millions, except per share amounts, shares in thousands) | 
Loss income (Numerator): |  |  | 
Net (loss) income | $(5,269) | (1,733) | 1,389
Net (loss) income applicable to common stock for computing basic earnings per common share | (5,269) | (1,733) | 1,389
Net (loss) income as adjusted for purposes of computing diluted earnings per common share | $(5,269) | (1,733) | 1,389
Shares (Denominator): |  |  | 
Weighted average number of shares: |  |  | 
Outstanding during period | 1,088,730 | 1,078,409 | 635,576
Non-vested restricted stock | (17,289) | (12,543) | (7,768)
Weighted average shares outstanding for computing basic earnings per common share | 1,071,441 | 1,065,866 | 627,808
Incremental common shares attributable to dilutive securities: |  |  | 
Shares issuable under convertible securities | — | — | 10
Shares issuable under incentive compensation plans | — | — | 875
Number of shares as adjusted for purposes of computing diluted (loss) earnings per common share | 1,071,441 | 1,065,866 | 628,693
Basic (loss) earnings per common share | $(4.92) | (1.63) | 2.21
Diluted (loss) earnings per common share(1) | $(4.92) | (1.63) | 2.21


Question: In which year was the Number of shares as adjusted for purposes of computing diluted (loss) earnings per common share  the largest?
Answer: 2019
Calculation: 1,071,441>1,065,866>628,693
Non-GAAP Integration and Transformation Costs and Special Items
(UNAUDITED)
($ in millions)
(1) Includes $18 million of hardware impairment for Q3 2018 and $15 million of content commitment impairment and $27 million of hardware, software and internal labor impairment in Q1 2018.
(2) Includes $55 million of restructuring reserve impairment for Q2 2018.
(3) Reference to pro forma figures assume the Level 3 acquisition and the colocation and data center sale took place on January 1, 2017.
Table:
 |  |  | Pro Forma (3)
Integration and Transformation Costs and Special Items Impacting Adjusted EBITDA | 2019 | 2018 | 2017
Consumer litigation settlement | $65 | 0 | 0
Loss on sale of data centers and colocation business | 0 | 0 | 82
OTT/Stream impairment of content commitment and hardware, software, and internal labor(1) | 0 | 60 | 0
Total special items impacting Adjusted EBITDA | 65 | 60 | 82
Plus: integration and transformation costs impacting Adjusted EBITDA (2) | 234 | 378 | 164
Plus: transaction related expenses impacting Adjusted EBTIDA | 0 | 0 | 192
Total integration and transformation costs and special items impacting Adjusted EBITDA | $299 | 438 | 438


Question: What is the percentage change in total special items impacting adjusted EBITDA between 2018 and 2019?
Answer: 8.33
Calculation: ($65-$60)/$60
5. Operating Expenses
Notes: (1) Includes equipment costs related to ICT services.
(2) Includes supplies and services, as well as rentals of properties and mobile base stations.
Table:
 | Group | 
 | 2019 | 2018
 | S$ Mil | S$ Mil
Cost of equipment sold (1) | 3,106.1 | 2,696.7
Other cost of sales | 2,767.1 | 2,499.2
Staff costs | 2,597.3 | 2,760.1
Selling and administrative costs (2) | 2,472.6 | 2,536.6
Traffic expenses | 1,573.4 | 1,615.8
Repair and maintenance | 388.0 | 367.9
 | 12,904.5 | 12,476.3


Question: What is the average of the top 3 operating expenses subcategories in 2019?
Answer: 2823.5
Calculation: (3,106.1 + 2,767.1 + 2,597.3) / 3