hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Provision for Income Taxes: Our effective income tax rates for each of the periods presented were the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. In fiscal 2018, the Tax Act was signed into law. The more significant provisions of the Tax Act as applicable to us are described above under “Impacts of the U.S. Tax Cuts and Jobs Act of 2017”. refer to Note 14 of Notes to Consolidated Financial Statements included elsewhere in this Annual report for a discussion regarding the differences between the effective income tax rates as presented for the periods below and the U.S. federal statutory income tax rates that were in effect during these periods. Future effective income tax rates could be adversely affected by an unfavorable shift of earnings weighted to jurisdictions with higher tax rates, by unfavorable changes in tax laws and regulations, by adverse rulings in tax related litigation, or by shortfalls in stock-based compensation realized by employees relative to stock-based compensation that was recorded for book purposes, among others.
Provision for income taxes decreased in fiscal 2019 relative to fiscal 2018 primarily due to the absence of the initial accounting charges related to the Tax Act that were recorded in fiscal 2018. To a lesser extent, provision for income taxes also decreased in fiscal 2019 due to the net favorable impacts of our final accounting for the Tax Act in fiscal 2019; the net favorable impacts of the Tax Act on our tax profile during fiscal 2019; the favorable impact of a tax benefit arising from an increase in a deferred tax asset associated with a partial realignment of our legal structure in fiscal 2019; and lower income before provision for income taxes in fiscal 2019. These decreases to our provision for income taxes in fiscal 2019 relative to fiscal 2018 were partially offset both by lower excess tax benefits related to stock-based compensation expense in fiscal 2019, and by less favorable changes in net unrecognized tax benefits due to settlements with tax authorities and other events in fiscal 2019 relative to fiscal 2018.
Table:
 |  |  | Year Ended May 31, | 
 |  |  | Percent Change | 
(Dollars in millions) | 2019 | Actual | Constant | 2018
Provision for income taxes | $1,185 | -87% | -86% | $8,837
Effective tax rate | 9.7% |  |  | 71.1%


Question: Why did the company's provision for income taxes not decrease as much in fiscal 2019 as expected?
Answer: These decreases to our provision for income taxes in fiscal 2019 relative to fiscal 2018 were partially offset both by lower excess tax benefits related to stock-based compensation expense in fiscal 2019, and by less favorable changes in net unrecognized tax benefits due to settlements with tax authorities and other events in fiscal 2019 relative to fiscal 2018.
9. DEFERRED REVENUES
Deferred revenues consisted of the following:
Deferred cloud services and license support revenues and deferred hardware revenues substantially represent customer payments made in advance for cloud or support contracts that are typically billed in advance with corresponding revenues generally being recognized ratably over the contractual periods. Deferred services revenues include prepayments for our services business and revenues for these services are generally recognized as the services are performed. Deferred cloud license and on-premise license revenues typically resulted from customer payments that related to undelivered products and services or specified enhancements.
In connection with our acquisitions, we have estimated the fair values of the cloud services and license support performance obligations assumed from our acquired companies. We generally have estimated the fair values of these obligations assumed using a cost build-up approach. The cost build-up approach determines fair value by estimating the costs related to fulfilling the obligations plus a normal profit margin. The sum of the costs and operating profit approximates, in theory, the amount that we would be required to pay a third party to assume these acquired obligations. These aforementioned fair value adjustments recorded for obligations assumed from our acquisitions reduced the cloud services and license support deferred revenues balances that we recorded as liabilities from these acquisitions and also reduced the resulting revenues that we recognized or will recognize over the terms of the acquired obligations during the post-combination periods.
Table:
 |  | May 31,
(in millions) | 2019 | 2018
Cloud services and license support | $7,340 | $7,265
Hardware | 635 | 645
Services | 360 | 404
Cloud license and on-premise license | 39 | 27
Deferred revenues, current | 8,374 | 8,341
Deferred revenues, non-current (in other non-current liabilities) | 669 | 625
Total deferred revenues | $9,043 | $8,966


Question: How does the cost build-up approach determine fair value?
Answer: The cost build-up approach determines fair value by estimating the costs related to fulfilling the obligations plus a normal profit margin.
Asia Pacific
Asia Pacific net revenues decreased $1.4 million in 2019 compared to 2018 (see “Revenues” above). Asia Pacific expenses decreased $203,000 from 2018 to 2019. This decrease was primarily due to a $503,000 decrease of salary expense, offset partially by a $303,000 increase in member acquisition costs.
Foreign currency movements relative to the U.S. dollar negatively impacted our local currency loss from our operations in Asia Pacific by approximately $136,000 for 2019. Foreign currency movements relative to the U.S. dollar positively impacted our local currency loss from our operations in Asia Pacific by approximately $127,000 for 2018.
Table:
Year Ended December 31, |  | 
 | 2019 | 2018
(In thousands) |  | 
Revenues | $6,490 | $7,859
(Loss) from operations | $(7,488) | $(6,322)
(Loss) from operations as a % of revenues | (115)% | (80)%


Question: What is the average amount of revenues in 2018 and 2019?
Answer: 7174.5
Calculation: (6,490+ 7,859)/2
Selling, general and administrative
Selling, general and administrative expense consists primarily of salaries and other personnel-related costs, professional fees, insurance costs, and other business development and selling expenses.
The following table shows selling, general and administrative expense for the years ended December 31, 2019, 2018, and 2017:
Selling, general and administrative expense in 2019 increased compared to 2018 primarily due to higher employee compensation expense, lower accretion expense in 2018 associated with the reduction in our module collection and recycling liability described above, and higher professional fees.
Table:
 |  | Year Ended |  | Change |  |  | 
(Dollars in thousands) | 2019 | 2018 | 2017 | 2019 over 2018 |  | 2018 over 2017 | 
Selling, general and administrative | $205,471 | $176,857 | $202,699 | $28,614 | 16% | $(25,842) | (13)%
% of net sales . | 6.7% | 7.9% | 6.9% |  |  |  | 


Question: What is the difference in net sales amount in 2019 and 2018?
Answer: 828035.14
Calculation: (205,471 / 6.7%) - (176,857 / 7.9%)
5.3.4 HOOQ's share options - equity-settled arrangement
In December 2015, HOOQ Digital Pte. Ltd. (“HOOQ”), a 65%-owned subsidiary of the Company, implemented the HOOQ Digital Employee Share Option Scheme (the “Scheme”). Selected employees (including executive directors) of HOOQ and/or its subsidiaries are granted options to purchase ordinary shares of HOOQ.
Options are exercisable at a price no less than 100% of the fair value of the ordinary shares of HOOQ on the date of grant, and are scheduled to be fully vested 4 years from the vesting commencement date.
Options are exercisable at a price no less than 100% of the fair value of the ordinary shares of HOOQ on the date of grant, and are scheduled to be fully vested 4 years from the vesting commencement date.
The grant dates, exercise prices and fair values of the share options were as follows –
The term of each option granted is 10 years from the date of grant.
The fair values for the share options granted were estimated using the Black-Scholes pricing model.
From 1 April 2018 to 31 March 2019, options in respect of an aggregate of 9.6 million of ordinary shares in HOOQ have been granted. As at 31 March 2019, options in respect of an aggregate of 43.3 million of ordinary shares in HOOQ are outstanding.
Table:
Equity-settled | Exercise price | Fair Value at grant date
Date of grant | US$ | US$
16 May 2016 | 0.07 | 0.0445 to 0.0463
24 April 2017 | 0.07 | 0.0301 to 0.0315
2 May 2017 | 0.07 | 0.0292 to 0.0313
31 July 2017 | 0.07 | 0.0313 to 0.0315
8 September 2017 | 0.07 | 0.0296 to 0.0298
23 October 2017 | 0.07 | 0.0309 to 0.0320
10 January 2018 | 0.07 | 0.0316 to 0.0318
1 April 2018 | 0.07 | 0.0360 to 0.0366
1 July 2018 | 0.07 | 0.0368 to 0.0373
19 October 2018 | 0.07 | 0.0371 to 0.0374
31 January 2019 | 0.07 | 0.0367 to 0.0369


Question: What model was used to calculate the fair value of the share options granted?
Answer: Black-Scholes pricing model
Audit and Non-Audit Fees
The following table presents fees billed for professional audit services rendered by PricewaterhouseCoopers LLP for the audit of the Company’s annual financial statements for the years ended June 29, 2019 and June 30, 2018 respectively, and fees billed for other services rendered by PricewaterhouseCoopers LLP and during those periods.
(1) Audit Fees are related to professional services rendered in connection with the audit of the Company’s annual financial statements, the audit of internal control over financial reporting in accordance with Section 404 of the Sarbanes-Oxley Act of 2002, reviews of financial statements included in the Company’s Quarterly Reports on Form 10-Q, and audit services provided in connection with other statutory and regulatory filings. Audit Fees in fiscal 2019 include fees for services performed by PricewaterhouseCoopers LLP in connection with the acquisitions of RPC Photonics, Inc. (“RPC”) and 3Z Telecom, Inc. (“3Z”). Audit Fees in fiscal 2018 include fees for the acquisitions of the AvComm and Wireless businesses of Cobham plc (“AW”) and Trilithic Inc. (“Trilithic”).
(2) Audit-Related Fees are related to due diligence services for our acquisition activities incurred in fiscal 2018.
(3) Tax Fees for fiscal 2019 and 2018 include professional services rendered in connection with transfer pricing consulting, tax audits, planning services and other tax consulting.
(4) All Other Fees are related to certain software subscription fees.
For fiscal year 2019, the Audit Committee considered whether audit-related services and services other than audit-related services provided by PricewaterhouseCoopers LLP are compatible with maintaining the independence of PricewaterhouseCoopers LLP and concluded that the independence of PricewaterhouseCoopers LLP was maintained.
Table:
 | Fiscal 2019 | Fiscal 2018
Audit Fees (1) | $3,631,575 | $3,784,488
Audit-Related Fees (2) | 0 | 359,000
Tax Fees (3) | 169,776 | 61,592
All Other Fees (4) | 4,500 | 3,600
Total | $3,805,851 | $4,208,680


Question: How much were Audit fees in 2019?
Answer: $3,631,575
11. Quarterly financial information (unaudited): (Continued)
(1) Included in net income for the three months ended September 30, 2019 and December 31, 2019 are an unrealized gain and (loss) on foreign exchange on the Company’s 2024 Notes of $6.1 million and ($4.0) million, respectively.
Table:
 |  | Three months ended |  | 
 | March 31, 2018 | June 30, 2018 | September 30, 2018 | December 31, 2018
 |  | (in thousands, except share and per share amounts) |  | 
Service revenue | $128,706 | $129,296 | $130,139 | $132,049
Network operations, including equity-based compensation expense | 54,875 | 54,379 | 54,615 | 55,660
Gains on equipment transactions | 117 | 357 | 416 | 92
Operating income | 20,637 | 21,354 | 22,255 | 22,311
Net income | 6,784 | 6,552 | 8,231 | 7,100
Net income per common share—basic and diluted | 0.15 | 0.15 | 0.18 | 0.16
Weighted-average number of common shares—basic | 44,923,973 | 45,016,767 | 45,105,830 | 45,284,481
Weighted-average number of common shares—diluted | 45,294,697 | 45,536,473 | 45,699,635 | 45,803,418


Question: What is the average service revenue at June 30 and September 30, 2018?
Answer: 129717.5
Calculation: ($129,296 + $130,139)/2
shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the sec , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing . the following graph shows a five year comparison of cumulative total shareowners 2019 returns for our class b common stock , the standard & poor 2019s 500 index , and the dow jones transportation average . the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2009 in the standard & poor 2019s 500 index , the dow jones transportation average , and our class b common stock. .

Table:
 | 12/31/2009 | 12/31/2010 | 12/31/2011 | 12/31/2012 | 12/31/2013 | 12/31/2014
united parcel service inc . | $ 100.00 | $ 130.29 | $ 135.35 | $ 140.54 | $ 205.95 | $ 223.79
standard & poor 2019s 500 index | $ 100.00 | $ 115.06 | $ 117.48 | $ 136.26 | $ 180.38 | $ 205.05
dow jones transportation average | $ 100.00 | $ 126.74 | $ 126.75 | $ 136.24 | $ 192.61 | $ 240.91
.

Question: what was the percentage cumulative total shareowners 2019 returns for united parcel service inc . for the five years ended 12/31/2014?
Answer: 123.79%
Calculation: subtract(223.79, const_100), divide(#0, const_100)
3. Operating (loss)/profit
Detailed below are the key amounts recognised in arriving at our operating (loss)/profit
Notes: 1 The year ended 31 March 2019 included €nil (2018: €80 million credit, 2017: €127 million charge) reported in other income and expense in the consolidated income statement
2 Reported in other income and expense in the consolidated income statement.
Table:
 | 2019 | 2018 | 2017
 | €m | €m | €m
Net foreign exchange losses/(gains)1 | 1 | (65) | 133
Depreciation of property, plant and equipment (note 11): |  |  | 
Owned assets | 5,795 | 5,963 | 6,253
Leased assets | 59 | 47 | 12
Amortisation of intangible assets (note 10) | 3,941 | 4,399 | 4,821
Impairment of goodwill in subsidiaries, associates and joint arrangements (note 4) | 3,525 | – | –
Staff costs (note 23) | 5,267 | 5,295 | 5,519
Amounts related to inventory included in cost of sales | 5,886 | 6,045 | 6,464
Operating lease rentals payable | 3,826 | 3,788 | 3,976
Loss on disposal of property, plant and equipment and intangible assets | 33 | 36 | 22
Own costs capitalised attributable to the construction or acquisition of property, plant and equipment | (844) | (829) | (800)
Net gain on formation of VodafoneZiggo (note 26)2 | – | – | (1,275)


Question: What is the difference between the average owned assets and the average leased assets in 2018 and 2019?
Answer: 5826
Calculation: [(5,963+5,795)/2] - [(47+59)/2]
Notes to Consolidated Financial Statements (Continued)
The following geographic information includes Property, plant and equipment, net, based on physical location (amounts in thousands):
(1) No country included in this caption exceeded 1% of consolidated Property, plant and equipment net for fiscal years 2019 and 2018.
Table:
 | March 31, | 
 | 2019 | 2018
United States | $57,095 | $49,530
Japan | 89,602 | 79,855
Thailand | 82,389 | 74,100
Mexico | 121,147 | 62,503
Italy | 35,197 | 39,398
China | 45,815 | 36,396
Portugal | 31,872 | 29,073
Macedonia | 12,906 | 13,723
Bulgaria | 5,480 | 5,597
Sweden | 4,800 | 6,005
Other (1) | 8,977 | 9,136
Total Non-United States | 438,185 | 355,786
 | $495,280 | $405,316


Question: How many years did Total net property, plant and equipment from Non-United States regions exceed $400,000 thousand?
Answer: 1
Calculation: 2019
Inventories
The components of inventories consist of the following (in millions):
Inventories are valued at the lower of cost and net realizable value using the first-in, first-out method. Inventory impairment charges establish a new cost basis for inventory and charges are not subsequently reversed to income even if circumstances later suggest that increased carrying amounts are recoverable.
Table:
 | March 31, | 
 | 2019 | 2018
Raw materials | $74.5 | $26.0
Work in process | 413.0 | 311.8
Finished goods | 224.2 | 138.4
Total inventories | $711.7 | $476.2


Question: What was the percentage change in total inventories between 2018 and 2019?
Answer: 49.45
Calculation: (711.7-476.2)/476.2
9. BALANCE SHEET DETAILS (Continued)
Other long-term liabilities consist of the following (in thousands):
Table:
 | Fiscal year-end | 
 | 2019 | 2018
Long-term taxes payable | $37,385 | $36,336
Deferred compensation (see Note 13) | 39,715 | 40,895
Deferred tax liabilities (see Note 16) | 27,785 | 26,339
Deferred revenue | 8,012 | 5,091
Asset retirement obligations liability (see Note 2) | 4,934 | 4,529
Defined benefit plan liabilities (see Note 14) | 45,862 | 37,528
Other long-term liabilities | 2,188 | 1,238
Total other long-term liabilities | $165,881 | $151,956


Question: What was Long-term taxes payable in 2019?
Answer: $37,385
Cubic Mission Solutions
Sales: CMS sales increased 23% to $207.0 million in fiscal 2018 compared to $168.9 million in 2017. The increase in sales was primarily due to increased orders and shipments of expeditionary satellite communications products, tactical networking products, and Command and Control, Intelligence, Surveillance and Reconnaissance (C2ISR) products and services. Businesses acquired during fiscal years 2018 and 2017 whose operations are included in our CMS operating segment had sales of $5.6 million and $1.5 million for fiscal years 2018 and 2017, respectively.
Amortization of Purchased Intangibles: Amortization of purchased intangibles included in the CMS results amounted to $20.8 million in 2018 and $23.6 million in 2017. The $2.8 million decrease in amortization expense is related to purchased intangible assets that are amortized based upon accelerated methods.
Operating Income: CMS had an operating loss of $0.1 million in 2018 compared to $9.3 million in 2017. CMS realized increased profits from expeditionary satellite communications products, tactical networking products, and C2ISR products and services. As mentioned above, amortization of purchased intangibles decreased to $20.8 million in 2018 compared to $23.6 million in 2017. CMS increased R&D expenditures between 2017 and 2018 by $10.8 million, primarily driven by development of new antenna technologies. Businesses acquired by CMS in fiscal years 2018 and 2017 incurred operating losses of $4.7 million in fiscal 2018 compared to $2.9 million in fiscal 2017. Included in the operating loss incurred by acquired businesses are acquisition transaction costs of $1.6 million and $1.8 million incurred in fiscal years 2018 and 2017, respectively.
Adjusted EBITDA: CMS Adjusted EBITDA increased 82% to $26.2 million in 2018 compared to $14.4 million in 2017.
The increase in CMS Adjusted EBITDA was primarily due to the same items described in the operating income section
above, excluding the changes in amortization expense and acquisition transaction costs discussed above as such items are
excluded from Adjusted EBITDA.
Table:
 | Fiscal 2018 | Fiscal 2017 | % Change
 |  | (in millions) | 
Sales | $  207.0 | $  168.9 | 23 %
Operating loss | (0.1) | (9.3) | (99)
Adjusted EBITDA | 26.2 | 14.4 | 82


Question: What is the decrease in amortization expense related to?
Answer: purchased intangible assets that are amortized based upon accelerated methods
Estimated Future Benefit Payments
The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid. Pension benefits are currently paid from plan assets and other benefits are currently paid from corporate assets.
Table:
($ in millions) | Pension Benefits | Other Benefits
2020 | $83.0 | $14.7
2021 | $82.4 | $15.1
2022 | $82.6 | $15.1
2023 | $82.4 | $15.1
2024 | $81.8 | $15.1
2025-2029 | $395.5 | $73.1


Question: In which year from 2020-2024 would the amount for Other Benefits be the lowest?
Answer: 2020
Calculation: 14.7<15.1
Finite-lived Intangible Assets
Other intangible assets, net consisted of the following:
The remaining $152 of intangible asset at December 31, 2019 is expected to be amortized in 2020.
Table:
 |  | December 31,
 | 2019 | 2018
Recipes | $ 44 | $ 44
Customer lists and other customer related intangibles | 4,529 | 4,529
Customer relationships | 985 | 985
Trade names | 2,248 | 2,248
Formula | 438 | 438
 | 8,244 | 8,244
Accumulated amortization | (8,092 ) | (7,900 )
Intangible assets, net | $ 152 | $ 344


Question: What is the change in the value of customer relationships between 2018 and 2019?
Answer: 0
Calculation: 985-985
The net deferred tax asset is classified on the consolidated balance sheets as follows (in thousands):
We have various tax attribute carryforwards which include the following:
• Foreign federal and local gross net operating loss carryforwards are $61.6 million, of which $47.0 million have no expiration date and $14.6 million have various expiration dates beginning in fiscal 2020. Among the total of $61.6 million foreign net operating loss carryforwards, a valuation allowance of $31.7 million has been provided for certain jurisdictions since the recovery of the carryforwards is uncertain. U.S. federal and certain state gross net operating loss carryforwards are $14.0 million and $30.7 million, respectively, which were acquired from our acquisitions. A full valuation allowance against certain other state net operating losses of $30.7 million has been recorded. California gross net operating loss carryforwards are $2.8 million and are scheduled to expire beginning in fiscal 2032.
• U.S. federal R&D credit carryforwards of $35.4 million are scheduled to expire beginning in fiscal 2025. California R&D credit carryforwards of $32.2 million have no expiration date. A total of $27.1 million valuation allowance, before U.S. federal benefit, has been recorded against California R&D credit carryforwards of $32.2 million since the recovery of the carryforwards is uncertain. Other states R&D credit carryforwards of $3.9 million are scheduled to expire beginning in fiscal 2020. A valuation allowance totaling $2.7 million, before U.S. federal benefit, has been recorded against certain state R&D credit carryforwards of $3.9 million since the recovery of the carryforwards is uncertain.
• U.S. federal foreign tax credit carryforwards of $51.9 million are scheduled to expire beginning in fiscal 2022.
Table:
 | Fiscal year-end | 
 | 2019 | 2018
Non-current deferred income tax assets | $87,011 | $64,858
Non-current deferred income tax liabilities | (27,785) | (26,339)
Net deferred tax assets | $59,226 | $38,519


Question: In which years were Net deferred tax assets calculated?
Answer: 2019, 2018