hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
(C.5) Income Taxes
Judgments and Estimates
We are subject to changing tax laws in multiple jurisdictions within the countries in which we operate. Our ordinary business activities also include transactions where the ultimate tax outcome is uncertain due to different interpretations of tax laws, such as those involving revenue sharing and cost reimbursement arrangements between SAP Group entities. In addition, the amount of income taxes we pay is generally subject to ongoing audits by domestic and foreign tax authorities. In determining our worldwide income tax provisions, judgment is involved in assessing whether to consider each uncertain tax treatment separately or together with one or more other uncertain tax treatments and whether to reflect the respective effect of uncertainty based on the most likely amount or the expected value. In applying these judgments, we consider the nature and the individual facts and circumstances of each uncertain tax treatment as well as the specifics of the respective jurisdiction, including applicable tax laws and our interpretation thereof.
The assessment whether a deferred tax asset is impaired requires judgment, as we need to estimate future taxable profits to determine whether the utilization of the deferred tax asset is probable. In evaluating our ability to utilize our deferred tax assets, we consider all available positive and negative evidence, including the level of historical taxable income and projections for future taxable income over the periods in which the deferred tax assets are recoverable. Our judgment regarding future taxable income is based on assumptions about future market conditions and future profits of SAP.
Judgment is also required in evaluating whether interest or penalties related to income taxes meet the definition of income taxes, and, if not, whether it is of financial nature. In this judgment, we particularly consider applicable local tax laws and interpretations on IFRS by national standard setters in the area of group financial reporting.
Tax Expense by Geographic Location
Table:
€ millions | 2019 | 2018 | 2017
Current tax expense |  |  | 
Germany | 625 | 733 | 935
Foreign | 1,153 | 1,019 | 716
Total current tax expense | 1,778 | 1,752 | 1,651
Deferred tax expense/income |  |  | 
Germany | –3 | 57 | –584
Foreign | –549 | –298 | –84
Total deferred tax income | –552 | –241 | –668
Total income tax expense | 1,226 | 1,511 | 983


Question: In which years was the Tax Expense by Geographic Location calculated?
Answer: 2019, 2018, 2017
does not believe are in our and our stockholders 2019 best interest . the rights plan is intended to protect stockholders in the event of an unfair or coercive offer to acquire the company and to provide our board of directors with adequate time to evaluate unsolicited offers . the rights plan may prevent or make takeovers or unsolicited corporate transactions with respect to our company more difficult , even if stockholders may consider such transactions favorable , possibly including transactions in which stockholders might otherwise receive a premium for their shares . item 1b . unresolved staff comments item 2 . properties as of december 31 , 2016 , our significant properties used in connection with switching centers , data centers , call centers and warehouses were as follows: .

Table:
 | approximate number | approximate size in square feet
switching centers | 57 | 1400000
data centers | 8 | 600000
call center | 16 | 1300000
warehouses | 16 | 500000
as of december 31 , 2016 , we leased approximately 60000 cell sites .
as of december 31 , 2016 , we leased approximately 2000 t-mobile and metropcs retail locations , including stores and kiosks ranging in size from approximately 100 square feet to 17000 square feet .
we currently lease office space totaling approximately 950000 square feet for our corporate headquarters in bellevue , washington .
we use these offices for engineering and administrative purposes .
we also lease space throughout the u.s. , totaling approximately 1200000 square feet as of december 31 , 2016 , for use by our regional offices primarily for administrative , engineering and sales purposes .
item 3 .
legal proceedings see note 12 2013 commitments and contingencies of the notes to the consolidated financial statements included in part ii , item 8 of this form 10-k for information regarding certain legal proceedings in which we are involved .
item 4 .
mine safety disclosures part ii .
item 5 .
market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities market information our common stock is traded on the nasdaq global select market of the nasdaq stock market llc ( 201cnasdaq 201d ) under the symbol 201ctmus . 201d as of december 31 , 2016 , there were 309 registered stockholders of record of our common stock , but we estimate the total number of stockholders to be much higher as a number of our shares are held by brokers or dealers for their customers in street name. .

Question: what is the ratio of the call center to the switching centers in square feet
Answer: 0.93
Calculation: divide(1300000, 1400000)
GAINS (LOSSES) ON EQUITY INVESTMENTS AND INTEREST AND OTHER, NET
GAINS (LOSSES) ON EQUITY INVESTMENTS, NET
Ongoing mark-to-market net gains and losses reported in 2019 and 2018 were primarily driven by ASML Holding N.V. (ASML) and Cloudera Inc. (Cloudera). During 2019 we sold our equity investment in ASML.
In 2019, we recognized $293 million in observable price adjustments primarily from one investment.
During 2018, we recognized an impairment charge of $290 million in our equity method investment in IMFT. During 2017, we recognized impairment charges in our investments of Cloudera for $278 million and Unisoc for $308 million.
Major drivers of sales of equity investments and other in 2019 were dividends of $632 million from McAfee and a gain of $107 million from our sale of our non-controlling interest in IMFT. In 2017, we recognized $3.4 billion in realized gains on sales of a portion of our interest in ASML.
INTEREST AND OTHER, NET
We recognized a higher net gain in interest and other in 2019 compared to 2018, primarily due to lower loss on debt conversions and larger divestiture gains in 2019 compared to 2018.
We recognized a net gain in interest and other in 2018 compared to a net loss in 2017, primarily due to lower losses on debt conversions, higher assets under construction resulting in more capitalized interest, and larger divestiture gains in 2018 compared to 2017.
Table:
Years Ended | Dec 28, | Dec 29, | Dec 30,
(In Millions) | 2019 | 2018 | 2017
Ongoing mark-to market adjustments on marketable equity securities | $277 | $(129) | $ —
Observable price adjustments on non-marketable equity securities | 293 | 202 | —
Impairment charges | (122) | (424) | (833)
Sale of equity investments and other | 1,091 | 226 | 3,484
Gains (losses) one equity investments, net | $1,539 | $(125) | $2,651
Interest and other, net | $484 | $126 | $(349)


Question: What were the main drivers for the net gains and losses in ongoing mark-to-market in 2019 and 2018?
Answer: Ongoing mark-to-market net gains and losses reported in 2019 and 2018 were primarily driven by ASML Holding N.V. (ASML) and Cloudera Inc. (Cloudera).
(b) Purchase Commitments with Contract Manufacturers and Suppliers
We purchase components from a variety of suppliers and use several contract manufacturers to provide manufacturing services for our products. During the normal course of business, in order to manage manufacturing lead times and help ensure adequate component supply, we enter into agreements with contract manufacturers and suppliers that either allow them to procure inventory based upon criteria as defined by us or establish the parameters defining our requirements. A significant portion of our reported purchase commitments arising from these agreements consists of firm, noncancelable, and unconditional commitments. Certain of these purchase commitments with contract manufacturers and suppliers relate to arrangements to secure long-term pricing for certain product components for multi-year periods. In certain instances, these agreements allow us the option to cancel, reschedule, and adjust our requirements based on our business needs prior to firm orders being placed.
The following table summarizes our purchase commitments with contract manufacturers and suppliers (in millions):
We record a liability for firm, noncancelable, and unconditional purchase commitments for quantities in excess of our future demand forecasts consistent with the valuation of our excess and obsolete inventory. As of July 27, 2019 and July 28, 2018, the liability for these purchase commitments was $129 million and $159 million, respectively, and was included in other current liabilities.
Table:
Commitments by Period | July 27, 2019 | July 28, 2018
Less than 1 year | $4,239 | $5,407
1 to 3 years | 728 | 710
3 to 5 years | — | 360
Total | $4,967 | $6,477


Question: What were the purchase commitments with commitments that were 1 to 3 years in 2019?
Answer: 728
2 Investments in subsidiaries
Investments are stated at cost less provisions for any impairment in value.
Additions in the year relate to investments in Gestra Holdings Limited £1.6m and Spirax Sarco America Investments Limited £212.4m. Spirax Sarco America Investments Limited was incorporated on 24th October 2018 with the purpose of holding Group US$ investments and loans. Gestra Holdings Limited was incorporated on 9th October 2018 with the purpose of holding other Gestra Companies.
Details relating to subsidiary undertakings are given on pages 207 to 211. Except where stated all classes of shares were 100% owned by the Group at 31st December 2019. The country of incorporation of the principal Group companies is the same as the country of operation with the exception of companies operating in the United Kingdom which are incorporated in Great Britain. All operate in steam, electrical thermal energy solutions, fluid path technologies or peristaltic pumping markets except those companies identified as a holding company on pages 207 to 211.
Table:
 | 2019 | 2018
 | £m | £m
Cost: |  | 
At 1st January | 445.8 | 269.4
Share options issued to subsidiary company employees | 2.2 | 2.6
Additions | 214.0 | 173.8
At 31st December | 662.0 | 445.8


Question: What was the change in the cost at 31st December in 2019 from 2018?
Answer: 216.2
Calculation: 662.0-445.8
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) Private Brands Operations
On February 1, 2016, pursuant to the Stock Purchase Agreement, dated as of November 1, 2015, we completed the disposition of our Private Brands operations to TreeHouse Foods, Inc. ("TreeHouse").
The summary comparative financial results of the Private Brands business, included within discontinued operations, were as follows:
We entered into a transition services agreement with TreeHouse and recognized $2.2 million and $16.9 million of income for the performance of services during fiscal 2018 and 2017, respectively, classified within SG&A expenses.
Table:
 | 2019 | 2018 | 2017
Loss on sale of business | $— | $— | $(1.6)
Income from discontinued operations before income taxes and equity method investment earnings | 0.9 | 0.4 | 3.9
Income before income taxes and equity method investment earnings . | 0.9 | 0.4 | 2.3
Income tax expense (benefit) . | — | 0.5 | (0.3)
Income (loss) from discontinued operations, net of tax | $0.9 | $(0.1) | $2.6


Question: What is the percentage change in income from discontinued operations (net of tax) from 2017 to 2019?
Answer: -65.38
Calculation: (0.9-2.6)/2.6
The net contract acquisition expense deferred within the Consolidated Statement of Profit or Loss was $0.9M of the total $259.9M of Sales and Marketing costs (2018: $8.4M / $239.9M).
At 31 March 2019, trade receivables at a nominal value of $1.2M (2018: $0.9M) were impaired and fully provided for. Movements in the provision for impairment of receivables were as follows: 31
Table:
 | 31 March 2019 | 31 March 2018
 | $M | $M
At 1 April | 0.9 | 0.4
Charge for the year | 0.6 | 0.6
Amounts written off | (0.2) | (0.1)
Effects of movements in exchange rates | (0.1) | –
At 31 March | 1.2 | 0.9


Question: For which years were the movements in the provision for impairment of receivables provided?
Answer: 2019, 2018
MANAGEMENT DISCUSSION SNAPSHOT
* (1.0) percent adjusted for currency; 0.2 percent excluding divested businesses and adjusted for currency.
** 2019 results were impacted by Red Hat purchase accounting and acquisition-related activity.
+ Includes charges of $2.0 billion or $2.23 of diluted earnings per share in 2018 associated with U.S. tax reform.
++At December 31
Table:
($ and shares in millions except per share amounts) |  |  | 
For the year ended December 31: | 2019 | 2018 | Yr.-to-Yr. Percent/Margin Change**
Revenue | $ 77,147 | $ 79,591 | (3.1)%*
Gross profit margin | 47.3% | 46.4% | 0.9 pts.
Total expense and other (income) | $ 26,322 | $ 25,594 | 2.8%
Income from continuing operations before income taxes | $ 10,166 | $ 11,342 | (10.4)%
Provision for income taxes from continuing operations | $    731 | 2,619+ | (72.1)%
Income from continuing operations | $  9,435 | 8,723+ | 8.2%
Income from continuing operations margin | 12.2% | 11.0% | 1.3 pts.
Net income | $  9,431 | 8,728+ | 8.1%
Earnings per share from continuing operations—assuming dilution | $  10.57 | 9.51+ | 11.1%
Weighted-average shares outstanding—assuming dilution | 892.8 | 916.3 | (2.6)%
Assets++ | $152,186 | $123,382 | 23.3%
Liabilities++ | $131,202 | $106,452 | 23.2%
Equity++ | $ 20,985 | $ 16,929 | 24.0%


Question: What was the increase / (decrease) in revenue from 2018 to 2019?
Answer: -2444
Calculation: 77,147 - 79,591
NOTE 14 – EARNINGS (LOSS) PER SHARE
Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period plus the dilutive effect of outstanding stock options and restricted stock-based awards using the treasury stock method. The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except per share amounts):
All outstanding stock options and restricted stock-based awards in the amount of 1.0 million and 1.2 million, respectively, were excluded from the computation of diluted earnings per share for the fiscal year ended February 28, 2017 because the effect of inclusion would be antidilutive. Shares subject to anti-dilutive stock options and restricted stock-based awards of 1.9 million and 0.2 million for the fiscal years ended February 28, 2019 and 2018, respectively, were excluded from the calculations of diluted earnings per share for the years then ended.
We have the option to pay cash, issue shares of common stock or any combination thereof for the aggregate amount due upon conversion of the Notes. It is our intent to settle the principal amount of the convertible senior notes with cash, and therefore, we use the treasury stock method for calculating any potential dilutive effect of the conversion option on diluted net income (loss) per share. From the time of the issuance of the Notes, the average market price of our common stock has been less than the initial conversion price of the Notes, and consequently no shares have been included in diluted earnings per share for the conversion value of the Notes.
Table:
 |  | Year Ended February 28, | 
 | 2019 | 2018 | 2017
Net income (loss) | $18,398 | $16,617 | $(7,904)
Basic weighted average number of common shares outstanding | 34,589 | 35,250 | 35,917
Effect of stock options and restricted stock units computed on |  |  | 
treasury stock method | 705 | 889 | -
Diluted weighted average number of common shares outstanding | 35,294 | 36,139 | 35,917
Earnings (loss) per share: |  |  | 
Basic | $0.53 | $0.47 | $(0.22)
Diluted | $0.52 | $0.46 | $(0.22)


Question: What was the percentage change in net income(loss) between 2018 and 2019?
Answer: 10.72
Calculation: (18,398-16,617)/16,617
In relation to the oil derivative instrument (see note 24), the fair value was determined using the estimated discounted cash flows of the additional payments due to us as a result of oil prices moving above a contractual oil price floor over the term of the liquefaction tolling agreement ("LTA"). Significant inputs used in the valuation of the oil derivative instrument include management’s estimate of an appropriate discount rate and the length of time to blend the long-term and the short-term oil prices obtained from quoted prices in active markets. The changes in fair value of our oil derivative instrument is recognized in each period in current earnings in "Realized and unrealized gain on oil derivative instrument" as part of the consolidated statement of income.
The realized and unrealized (loss)/ gain on the oil derivative instrument is as follows:
The unrealized loss/gain results from movement in oil prices above a contractual floor price over term of the LTA; the realized gain results from monthly billings above the base tolling fee under the LTA. For further information on the nature of this derivative, refer to note 24.
Table:
 |  | Year Ended December 31, | 
(in thousands of $) | 2019 | 2018 | 2017
Realized gain on oil derivative instrument | 13,089 | 26,737 | —
Unrealized (loss)/gain on oil derivative instrument  | (39,090) | (9,970) | 15,100
 | (26,001) | 16,767 | 15,100


Question: In which years was the realized and unrealized (loss)/ gain on the oil derivative instrument recorded for?
Answer: 2019, 2018, 2017
Obligations and Commitments
As of August 31, 2019, we had the following obligations and commitments to make future payments under contracts, contractual obligations and commercial commitments:
Amounts in table may not total due to rounding.
The liability related to unrecognized tax benefits has been excluded from the contractual obligations table because a reasonable estimate of the timing and amount of cash outflows from future tax settlements cannot be determined. For additional information, see Note 10 (Income Taxes) to our Consolidated Financial Statements under Item 8, “Financial Statements and Supplementary Data.”
Amounts represent projected payments under certain unfunded retirement plans for former pre-incorporation partners. Given these plans are unfunded, we pay these benefits directly. These plans were eliminated for active partners after May 15, 2001
Other commitments include, among other things, information technology, software support and maintenance obligations, as well as other obligations in the ordinary course of business that we cannot cancel or where we would be required to pay a termination fee in the event of cancellation. Amounts shown do not include recourse that we may have to recover termination fees or penalties from clients.
Table:
 |  |  | Payments due by period |  | 
Contractual Cash Obligations (1) | Total | Less than 1 year | 1-3 years | 3-5 years | More than 5 years
 |  |  | (in millions of U.S. dollars) |  | 
Long-term debt | $23 | $6 | $11 | $6 | 
Operating leases | 3,840 | 688 | 1,114 | 792 | 1,246
Retirement obligations (2) | 95 | 10 | 20 | 20 | 44
Purchase obligations and other commitments (3) | 286 | 206 | 61 | 12 | 6
Total | $4,244 | $910 | $1,206 | $830 | $1,296


Question: What does the company's retirement obligations refer to?
Answer: projected payments under certain unfunded retirement plans for former pre-incorporation partners.
Fair Value Disclosures
Under the fair value standards fair value is based on the exit price and defined as the price that would be received to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement should reflect all the assumptions that market participants would use in pricing an asset or liability. A fair value hierarchy is established in the authoritative guidance outlined in three levels ranking from Level 1 to level 3 with Level 1 being the highest priority.
Level 1: observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets
Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly
Level 3: unobservable inputs (e.g., a reporting entity’s or other entity’s own data)
The Company had no assets or liabilities measured at fair value on a recurring (except our pension plan assets, see Note 15) or
non-recurring basis as of September 30, 2019 or September 30, 2018.
To estimate fair value of the financial instruments below quoted market prices are used when available and classified within Level 1. If this data is not available, we use observable market based inputs to estimate fair value, which are classified within Level 2. If the preceding information is unavailable, we use internally generated data to estimate fair value which is classified within Level 3.
Cash and cash equivalents
Carrying amount approximated fair value
Accounts and long term receivable with original maturity over one year
Fair value was estimated by discounting future cash flows based on the current rate with similar terms.
Note payable
Fair value was estimated based on quoted market prices.
Fair value of accounts receivable with an original maturity of one year or less and accounts payable was not materially different from their carrying values at September 30, 2019, and 2018.
Table:
 | As of September 30, 2019 |  | As of September 30, 2018 |  |  | 
 | Carrying amount | Fair value | Carrying amount | Fair value | Fair Value Level | References
 |  | (Amounts in thousands) |  |  |  | 
Assets: |  |  |  |  |  | 
Cash and cash equivalents | $18,099 | $18,099 | $25,107 | $25,107 | 1 | Consolidated Balance SSheets
Accounts & long term receivable* | 7,087 | 7,087 | - | - | 3 | Note 3
Liabilities: |  |  |  |  |  | 
Note payable | 1,001 | 1,001 | - | - | 2 | Note 11
*Original maturity over one year |  |  |  |  |  | 


Question: How is the fair value for note payable determined? 
Answer: Inputs other than quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly
Our fourth quarter 2019 net revenues amounted to $2,754 million, registering a sequential increase of 7.9%, 290 basis points above the mid-point of our guidance, with all product groups contributing to the growth. The sequential increase resulted from higher volumes of approximately 7% and an increase of approximately 1% in average selling prices, the latter entirely due to product mix, while selling prices remained substantially stable.
On a year-over-year basis, our net revenues increased by 4.0%. This increase was entirely due to an increase of approximately 6% in average selling prices, partially offset by an approximate 2% decrease in volumes. The average selling prices increase was entirely driven by improved product mix of approximately 9%, partially offset by lower selling prices of approximately 3%.
Table:
 | Three Months Ended | Three Months Ended | Three Months Ended | % Variation | % Variation
 | December 31, 2019 | September 29, 2019 | December 31, 2018 | Sequential | Year- Over- Year
 | (Unaudited, in millions) |  |  |  | 
Net sales | $ 2,750 | $ 2,547 | $ 2,633 | 8.0% | 4.5%
Other revenues | 4 | 6 | 15 | (45.0) | (77.4)
Net revenues | $ 2,754 | $ 2,553 | $ 2,648 | 7.9% | 4.0%


Question: What led to sequential increase in 2019?
Answer: resulted from higher volumes of approximately 7% and an increase of approximately 1% in average selling prices, the latter entirely due to product mix, while selling prices remained substantially stable.