hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
intel corporation notes to consolidated financial statements ( continued ) the aggregate fair value of awards that vested in 2015 was $ 1.5 billion ( $ 1.1 billion in 2014 and $ 1.0 billion in 2013 ) , which represents the market value of our common stock on the date that the rsus vested . the grant-date fair value of awards that vested in 2015 was $ 1.1 billion ( $ 949 million in 2014 and $ 899 million in 2013 ) . the number of rsus vested includes shares of common stock that we withheld on behalf of employees to satisfy the minimum statutory tax withholding requirements . rsus that are expected to vest are net of estimated future forfeitures . as of december 26 , 2015 , there was $ 1.8 billion in unrecognized compensation costs related to rsus granted under our equity incentive plans . we expect to recognize those costs over a weighted average period of 1.2 years . stock option awards as of december 26 , 2015 , options outstanding that have vested and are expected to vest were as follows : number of options ( in millions ) weighted average exercise weighted average remaining contractual ( in years ) aggregate intrinsic ( in millions ) .

Table:
 | number ofoptions ( in millions ) | weightedaverageexerciseprice | weightedaverageremainingcontractualterm ( in years ) | aggregateintrinsicvalue ( in millions )
vested | 43.8 | $ 21.07 | 1.8 | $ 609
expected to vest | 9.6 | $ 24.07 | 4.1 | $ 104
total | 53.4 | $ 21.61 | 2.2 | $ 713
aggregate intrinsic value represents the difference between the exercise price and $ 34.98 , the closing price of our common stock on december 24 , 2015 , as reported on the nasdaq global select market , for all in-the-money options outstanding .
options outstanding that are expected to vest are net of estimated future option forfeitures .
options with a fair value of $ 42 million completed vesting in 2015 ( $ 68 million in 2014 and $ 186 million in 2013 ) .
as of december 26 , 2015 , there was $ 13 million in unrecognized compensation costs related to stock options granted under our equity incentive plans .
we expect to recognize those costs over a weighted average period of approximately eight months. .

Question: as of december 26 , 2015 , what was the percent of the number of options vested to the total
Answer: 82%
Calculation: divide(43.8, 53.4)
table of contents valero energy corporation and subsidiaries notes to consolidated financial statements ( continued ) cash flow hedges cash flow hedges are used to hedge price volatility in certain forecasted feedstock and refined product purchases , refined product sales , and natural gas purchases . the objective of our cash flow hedges is to lock in the price of forecasted feedstock , product or natural gas purchases or refined product sales at existing market prices that we deem favorable . as of december 31 , 2011 , we had the following outstanding commodity derivative instruments that were entered into to hedge forecasted purchases or sales of crude oil and refined products . the information presents the notional volume of outstanding contracts by type of instrument and year of maturity ( volumes in thousands of barrels ) . notional contract volumes by year of maturity derivative instrument 2012 .

Table:
derivative instrument | notional contract volumes by year of maturity 2012
crude oil and refined products: | 
swaps 2013 long | 5961
swaps 2013 short | 5961
futures 2013 long | 38201
futures 2013 short | 36637
physical contracts 2013 short | 1564
.

Question: what is the ratio of short physical contracts to long futures notional contracts?
Answer: 0.041:1
Calculation: divide(1564, 38201)
NET DEBT
The term net debt does not have any standardized meaning under IFRS. Therefore, it is unlikely to be comparable to similar measures presented by other issuers.
We define net debt as debt due within one year plus long-term debt and 50% of preferred shares, less cash and cash equivalents, as shown in BCE’s consolidated statements of financial position. We include 50% of outstanding preferred shares in our net debt as it is consistent with the treatment by certain credit rating agencies.
We consider net debt to be an important indicator of the company’s financial leverage because it represents the amount of debt that is not covered by available cash and cash equivalents. We believe that certain investors and analysts use net debt to determine a company’s financial leverage.
Net debt has no directly comparable IFRS financial measure, but rather is calculated using several asset and liability categories from the statements of financial position, as shown in the following table.
Table:
 | 2019 | 2018
Debt due within one year | 3,881 | 4,645
Long-term debt | 22,415 | 19,760
50% of outstanding preferred shares | 2,002 | 2,002
Cash and cash equivalents | (145) | (425)
Net debt | 28,153 | 25,982


Question: What is the percentage change in long-term debt in 2019?
Answer: 13.44
Calculation: (22,415-19,760)/19,760
The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition.
The amount recorded for developed technology represents the estimated fair value of Trello’s project management and organization technology. The amount recorded for customer relationships represents the fair values of the underlying relationship with Trello customers.
Table:
 | Fair Value | Useful Life
 | (U.S. $ in thousands) | (years)
Developed technology | $50,600 | 3
Customer relationships | 56,900 | 2
Trade names | 19,900 | 3
Total intangible assets subject to amortization | $127,400 | 


Question: What is the useful life (in years) of developed technology?
Answer: 3
Our common shares are not a direct investment of our pension funds; however, the pension funds may indirectly include our shares. The aggregate amount of our common shares would not be considered material relative to the total pension fund assets.
Our funding policy is to make contributions in accordance with the laws and customs of the various countries in which we operate as well as to make discretionary voluntary contributions from time to time. We expect to make the minimum required contributions of $42 million and $26 million to our non-U.S. and U.S. pension plans, respectively, in fiscal 2020. We may also make voluntary contributions at our discretion.
At fiscal year end 2019, benefit payments, which reflect future expected service, as appropriate, are expected to be
paid as follows:
Table:
 | Non-U.S. Plans | U.S. Plans
 |  | (in millions)
Fiscal 2020 | $  82 | $  77
Fiscal 2021 | 77 | 74
Fiscal 2022 | 81 | 74
Fiscal 2023 | 85 | 74
Fiscal 2024 | 86 | 74
Fiscal 2025-2029 | 490 | 361


Question: In which Fiscal year from 2020 to 2024 would the benefit payments under the U.S Plans be the largest?
Answer: Fiscal 2020
Calculation: 77>74
Intangible assets
Intangible assets include the value assigned to completed technologies, customer relationships, and trade names. The estimated useful lives for all of these intangible assets, range from two to seven years. Intangible assets as of September 30, 2019 and 2018 are summarized as follows(amounts shown in thousands, except for years):
Amortization expense related to acquired intangible assets was $7.0 million, $4.0 million, and $0.6 million for fiscal years ended September 30, 2019, 2018, and 2017, respectively and is recorded in acquisition-related costs and expenses in the consolidated statements of operations.
Table:
September 30, 2019: | Weighted Average Amortization Period | Cost | Accumulated Amortization | Net
Completed technologies | 6.4 years | $20,341 | $7,104 | $13,237
Customer relationships | 4.8 years | 17,628 | 6,701 | 10,927
Trade names | 4.5 years | 618 | 377 | 241
Total intangible assets |  | $38,587 | $14,182 | $24,405


Question: What are the costs of completed technologies and customer relationships in 2019, respectively?
Answer: $20,341, 17,628
performance graph the annual changes for the period shown december 1 , 2013 ( when our ordinary shares began trading ) to december 31 , 2017 in the graph on this page are based on the assumption that $ 100 had been invested in allegion plc ordinary shares , the standard & poor 2019s 500 stock index ( "s&p 500" ) and the standard & poor's 400 capital goods index ( "s&p 400 capital goods" ) on december 1 , 2013 , and that all quarterly dividends were reinvested . the total cumulative dollar returns shown on the graph represent the value that such investments would have had on december 31 , 2017 . december 1 , december 31 , december 31 , december 31 , december 31 , december 31 .

Table:
 | december 1 2013 | december 31 2013 | december 31 2014 | december 31 2015 | december 31 2016 | december 31 2017
allegion plc | 100.00 | 102.20 | 129.03 | 154.37 | 150.97 | 189.19
s&p 500 | 100.00 | 102.53 | 116.57 | 118.18 | 132.31 | 161.20
s&p 400 capital goods | 100.00 | 104.58 | 104.84 | 99.07 | 130.70 | 162.97
.

Question: what is the annualized return for the investment in the allegion plc during 2013-2017?
Answer: 8.95%
Calculation: subtract(189.19, 100), divide(1, const_4), subtract(#1, 1), exp(#0, #2), subtract(#3, 1)
22. Income Taxes
Teekay and a majority of its subsidiaries are not subject to income tax in the jurisdictions in which they are incorporated because they do not conduct business or operate in those jurisdictions. However, among others, the Company’s U.K. and Norwegian subsidiaries are subject to income taxes.
The significant components of the Company’s deferred tax assets and liabilities are as follows:
(1) Substantially all of the Company's estimated net operating loss carryforwards of $878.3 million relates primarily to its U.K., Spanish, Norwegian and Luxembourg subsidiaries and, to a lesser extent, to its Australian subsidiaries.
The Company had estimated disallowed finance costs in Spain and Norway of approximately $15.1 million and $15.0 million, respectively, at December 31, 2019, which are available for 18 years and 10 years, respectively, from the year the costs are incurred for offset against future taxable income in Spain and Norway, respectively. The Company's estimated tax losses in Luxembourg are available for offset against taxable future income in Luxembourg, either indefinitely for losses arising prior to 2017, or for 17 years for losses arising subsequent to 2016.
Table:
 | December 31, | December 31,
 | 2019 | 2018
 | $ | $
Deferred tax assets: |  | 
Vessels and equipment | 1,646 | 5,868
Tax losses carried forward and disallowed finance costs (1) | 164,009 | 155,910
Other | 19,674 | 10,545
Total deferred tax assets | 185,329 | 172,323
Deferred tax liabilities: |  | 
Vessels and equipment | 22,913 | 18,037
Provisions | 6,512 | 5,588
Other | — | 2,060
Total deferred tax liabilities | 29,425 | 25,685
Net deferred tax assets | 155,904 | 146,638
Valuation allowance | (153,302) | (144,560)
Net deferred tax assets | 2,602 | 2,078


Question: How much is the estimated disallowed finance costs in Spain and Norway at December 31, 2019?
Answer: The Company had estimated disallowed finance costs in Spain and Norway of approximately $15.1 million and $15.0 million, respectively, at December 31, 2019
Patents and Intangible Assets
The Company owns or possesses licenses to use its patents. The costs of maintaining the patents are expensed as incurred.
The Company and Finjan Blue entered into a Patent Assignment and Support Agreement (the “Patent Assignment Agreement”) with IBM effective as of August 24, 2017 (see "Note 7 - Commitments and Contingencies"). Pursuant to the Patent Assignment Agreement, Finjan Blue acquired select IBM patents in the security sector. In accordance with ASC 350-30-35-2 through 35-4, Intangibles-Goodwill and Other, the Company determined that the useful life of the patents acquired under the Patent Assignment and Support Agreement should be amortized over the four-year term of the agreement.
On May 15, 2018, Finjan Blue, entered into a second agreement with IBM (the “May 2018 Patent Assignment Agreement”). Pursuant to the May 2018 Patent Assignment Agreement, Finjan Blue acquired 56 select issued and pending IBM patents in the security sector. The terms of the May 2018 Patent Assignment Agreement are confidential. In accordance with ASC 350-30-35-2 through 35-4, Intangibles-Goodwill and Other, the Company determined that the useful life of the patents acquired under the May 2018 Patent Assignment Agreement should be amortized over five years as the covenants between the parties are effective for that period.
Management did not identify any triggering events which would have necessitated an impairment change.
The components of these intangible assets are as follows:
Amortization expense for the years ended December 31, 2019, 2018 and 2017 was approximately $2.0 million, $1.8 million, and $0.8 million, respectively.
Table:
As of December 31, |  | 
 | 2019 | 2018
 |  | (in thousands)
Patents | $26,069 | $26,069
Less accumulated amortization | (22,517) | (20,562)
Intangible assets, net | $3,552 | $5,507


Question: What is the percentage change in the value of net intangible assets between 2018 and 2019?
Answer: -35.5
Calculation: (3,552 - 5,507)/5,507
13. Loss per Share
The following data shows the amounts used in computing loss per share and the effect on earnings and the weighted average number of shares of dilutive potential common shares.
Basic earnings (loss) per share is computed as net income available to common shareholders divided by the weighted average basic shares outstanding. The outstanding shares used to calculate the weighted average basic shares excludes 300,437, 334,817 and 490,355 of restricted shares and performance shares at March 31, 2019, 2018 and 2017, respectively, as these shares were issued but were not vested and, therefore, not considered outstanding for purposes of computing basic earnings per share at the balance sheet dates.
Diluted earnings (loss) per share includes the effect of all potentially dilutive securities on earnings per share. We have stock options, stock-settled appreciation rights ("SSARs"), unvested restricted shares and unvested performance shares that are potentially dilutive securities. When a loss is reported, the denominator of diluted earnings per share cannot be adjusted for the dilutive impact of sharebased compensation awards because doing so would be anti-dilutive.
In addition, when a net loss is reported, adjusting the denominator of diluted earnings per share would also be anti-dilutive to the loss per share, even if the entity has net income after adjusting for a discontinued operation. Therefore, for all periods presented, basic weighted-average shares outstanding were used in calculating the diluted net loss per share.
Table:
 |  | Year ended March 31, | 
(In thousands, except per share data) | 2019 | 2018 | 2017
Numerator: |  |  | 
Net loss | $(13,164) | $(8,350) | $(11,721)
Denominator: |  |  | 
Weighted average shares outstanding - basic and diluted | 23,037 | 22,801 | 22,615
Loss per share - basic and diluted: |  |  | 
Net loss per share-basic and diluted | $(0.57) | $(0.37) | $(0.52)
Anti-dilutive stock options, SSARs, restricted shares and performance shares | 1,433 | 756 | 1,004


Question: What is the Net loss for 2019?
Answer: $(13,164)
Underlying effective tax rate
The underlying effective tax rate is calculated by dividing taxation excluding the tax impact of non-underlying items by profit before tax excluding the impact of non-underlying items and share of net profit/(loss) of joint ventures and associates. This measure reflects the underlying tax rate in relation to profit before tax excluding non-underlying items before tax and share of net profit/(loss) of joint ventures and associates.
Tax impact on non-underlying items within operating profit is the sum of the tax on each non-underlying item, based on the applicable country tax rates and tax treatment. This is shown in the table:
(a) Restated following adoption of IFRS 16. See note 1 and note 24 for further details.
(b) Refer to note 3 for further details on these items.
(c) Excludes €3 million (2018: €32 million) gain on disposal of spreads business by the joint venture in Portugal which is included in the share of net profit/(loss) of joint ventures and associates line. Including the gain, total non-underlying items not in operating profit but within net profit before tax is €35 million (2018: €154 million). See note 3.
Table:
 | € million | € million
 | 2019 | 2018
 |  | (Restated)(a)
Taxation | 2,263 | 2,572
Tax impact of: |  | 
Non-underlying items within operating profit(b) | 309 | (259)
Non-underlying items not in operating profit  Taxation before tax impact of non-underlying | (196) | (29)
Taxation before tax impact of non-underlying | 2,376 | 2,284
Profit before taxation | 8,289 | 12,360
Non-underlying items within operating profit before tax(b) | 1,239 | (3,176)
Non-underlying items not in operating profit but within net profit before tax(c) | (32) | (122)
Share of net (profit)/loss of joint ventures and associates | (176) | (185)
Profit before tax excluding non-underlying items before tax and share of net profit/ (loss) of joint ventures and associates | 9,320 | 8,877
Underlying effective tax rate | 25.5% | 25.7%


Question: What is the average taxation?
Answer: 2417.5
Calculation: (2,263 + 2,572) / 2
performance graph the following graph compares the total return , assuming reinvestment of dividends , on an investment in the company , based on performance of the company's common stock , with the total return of the standard & poor's 500 composite stock index and the dow jones united states travel and leisure index for a five year period by measuring the changes in common stock prices from december 31 , 2012 to december 31 , 2017. .

Table:
 | 12/12 | 12/13 | 12/14 | 12/15 | 12/16 | 12/17
royal caribbean cruises ltd . | 100.00 | 142.11 | 251.44 | 313.65 | 260.04 | 385.47
s&p 500 | 100.00 | 132.39 | 150.51 | 152.59 | 170.84 | 208.14
dow jones us travel & leisure | 100.00 | 145.48 | 169.28 | 179.27 | 192.85 | 238.77
the stock performance graph assumes for comparison that the value of the company's common stock and of each index was $ 100 on december 31 , 2012 and that all dividends were reinvested .
past performance is not necessarily an indicator of future results. .

Question: what is the mathematical mean for all three investments as of dec 31 , 2017?
Answer: 277.46
Calculation: add(385.47, 208.14), add(#0, 238.77), divide(#1, const_3)
5. Property, Plant and Equipment
Property, plant and equipment consists of the following (in thousands):
Table:
 | August 31, | 
 | 2019 | 2018
Land and improvements | $146,719 | $144,136
Buildings | 962,559 | 849,975
Leasehold improvements | 1,092,787 | 1,013,428
Machinery and equipment | 4,262,015 | 3,983,025
Furniture, fixtures and office equipment | 209,257 | 192,243
Computer hardware and software | 671,252 | 601,955
Transportation equipment | 16,423 | 17,215
Construction in progress | 83,234 | 42,984
 | 7,444,246 | 6,844,961
Less accumulated depreciation and amortization | 4,110,496 | 3,646,945
 | $3,333,750 | $3,198,016


Question: In 2019, how many property, plant and equipment exceeded $1,000,000 thousand?
Answer: 2
Calculation: Machinery and equipment##Leasehold improvements
american tower corporation and subsidiaries notes to consolidated financial statements ( 3 ) consists of customer-related intangibles of approximately $ 75.0 million and network location intangibles of approximately $ 72.7 million . the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years . ( 4 ) the company expects that the goodwill recorded will be deductible for tax purposes . the goodwill was allocated to the company 2019s international rental and management segment . on september 12 , 2012 , the company entered into a definitive agreement to purchase up to approximately 348 additional communications sites from telef f3nica mexico . on september 27 , 2012 and december 14 , 2012 , the company completed the purchase of 279 and 2 communications sites , for an aggregate purchase price of $ 63.5 million ( including value added tax of $ 8.8 million ) . the following table summarizes the preliminary allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition ( in thousands ) : preliminary purchase price allocation .

Table:
 | preliminary purchase price allocation
current assets | $ 8763
non-current assets | 2332
property and equipment | 26711
intangible assets ( 1 ) | 21079
other non-current liabilities | -1349 ( 1349 )
fair value of net assets acquired | $ 57536
goodwill ( 2 ) | 5998
( 1 ) consists of customer-related intangibles of approximately $ 10.7 million and network location intangibles of approximately $ 10.4 million .
the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years .
( 2 ) the company expects that the goodwill recorded will be deductible for tax purposes .
the goodwill was allocated to the company 2019s international rental and management segment .
on november 16 , 2012 , the company entered into an agreement to purchase up to 198 additional communications sites from telef f3nica mexico .
on december 14 , 2012 , the company completed the purchase of 188 communications sites , for an aggregate purchase price of $ 64.2 million ( including value added tax of $ 8.9 million ) . .

Question: what was the ratio of the customer-related intangibles to the network location intangibles included in the financial statements of american tower corporation and subsidiaries
Answer: 1.03
Calculation: divide(75.0, 72.7)
6.1 Net debt
(1) 50% of outstanding preferred shares of $4,004 million in 2019 and 2018 are classified as debt consistent with the treatment by some credit rating agencies.
The increase of $1,891 million in total debt, comprised of debt due within one year and long-term debt, was due to: • an increase in our lease liabilities of $2,304 million as a result of the adoption of IFRS 16 on January 1, 2019 • the issuance by Bell Canada of Series M-49 and Series M-50 MTN debentures with total principal amounts of $600  million and $550 million in Canadian dollars, respectively, and Series US-2 Notes with a total principal amount of $600 million in U.S. dollars ($808 million in Canadian dollars) • an increase in our securitized trade receivables of $131 million
Partly offset by: • the early redemption of Series M-27 MTN debentures and Series M-37 debentures with total principal amounts of $1 billion and $400 million, respectively • a decrease in our notes payable (net of issuances) of $1,073 million • a net decrease of $29 million in our lease liabilities and other debt
The decrease in cash and cash equivalents of $280 million was due mainly to: • $2,819 million of dividends paid on BCE common shares • $1,216 million of debt repayments (net of issuances) • $142 million paid for the purchase on the open market of BCE common shares for the settlement of share-based payments • $60 million acquisition and other costs paid
Partly offset by: • $3,818 million of free cash flow • $240 million issuance of common shares from the exercise of stock options
Table:
 | 2019 | 2018 | $ CHANGE | % CHANGE
Debt due within one year | 3,881 | 4,645 | (764) | (16.4%)
Long-term debt | 22,415 | 19,760 | 2,655 | 13.4%
Preferred shares (1) | 2,002 | 2,002 | – | –
Cash and cash equivalents | (145) | (425) | 280 | 65.9%
Net debt | 28,153 | 25,982 | 2,171 | 8.4%


Question: What is the $ change in cash and cash equivalents?
Answer: $280 million