hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Non-GAAP Financial Measures
To complement our Consolidated Statements of Operations and Cash Flows, we use non-GAAP financial measures of Adjusted gross margin, Adjusted operating income, Adjusted net income, and Adjusted EBITDA. We believe that Adjusted gross margin, Adjusted operating income, Adjusted net income, and Adjusted EBITDA are complements to U.S. GAAP amounts and such measures are useful to investors. The presentation of these non-GAAP measures is not meant to be considered in isolation or as an alternative to net income as an indicator of our performance, or as an alternative to cash flows from operating activities as a measure of liquidity.
The following table provides a reconciliation from U.S. GAAP Gross margin to non-GAAP Adjusted gross margin (amounts in thousands):
(1) Fiscal years ending March 31, 2018 and 2017 adjusted due to the adoption of ASC 606.
(2) $0.9 million in costs incurred during fiscal year 2018 related to the relocation of the Company's tantalum powder facility equipment from Carson City, Nevada to its existing Matamoros, Mexico plant were reclassified from “Plant start-up costs” to “Restructuring charges” during fiscal year 2019.
Table:
 |  | Fiscal Years Ended March 31, | 
 | 2019 | 2018 | 2017
Net sales (1) | $1,382,818 | $1,200,181 | $757,338
Cost of sales (1) | 924,276 | 860,744 | 571,944
Gross Margin (GAAP) (1) | 458,542 | 339,437 | 185,394
Gross margin as a % of net sales | 33.2% | 28.3% | 24.5%
Non-GAAP adjustments: |  |  | 
Plant start-up costs (2) | (927) | 929 | 427
Stock-based compensation expense | 2,756 | 1,519 | 1,384
Adjusted gross margin (non-GAAP) (1) | $460,371 | $341,885 | $187,205
Adjusted gross margin as a % of net sales | 33.3% | 28.5% | 24.7%


Question: What were the net sales in 2018?
Answer: 1,200,181
1998 Employee Qualified Stock Purchase Plan (“ESPP”)
Under Autodesk’s ESPP, which was approved by stockholders in 1998, eligible employees may purchase shares of Autodesk’s common stock at their discretion using up to 15% of their eligible compensation, subject to certain limitations, at 85% of the lower of Autodesk's closing price (fair market value) on the offering date or the exercise date. The offering period for ESPP awards consists of four, six-month exercise periods within a 24-month offering period.
At January 31, 2019, a total of 8.1 million shares were available for future issuance. Under the ESPP, the Company issues shares on the first trading day following March 31 and September 30 of each fiscal year. The ESPP does not have an expiration date.
A summary of the ESPP activity for the fiscal years ended January 31, 2019, 2018 and 2017 is as follows:
Autodesk recorded $27.2 million, $25.7 million, and $25.9 million of compensation expense associated with the ESPP in fiscal 2019, 2018, and 2017, respectively.
Table:
 |  | Fiscal year ended January 31, | 
 | 2019 | 2018 | 2017
Issued shares | 1.0 | 2.0 | 2.3
Average price of issued shares | $90.25 | $39.03 | $36.99
Weighted average grant date fair value of awards granted under the ESPP | $42.75 | $32.41 | $19.20


Question: What was the average price of issued shares in the fiscal year ended 2018?
Answer: $39.03
A.4.1 Orders and revenue by region
Positive currency translation effects added one percentage point each to order and revenue growth; portfolio transactions had only minimal effects on volume growth year-over-year. The resulting ratio of orders to revenue (book-to-bill) for Siemens in fiscal 2019 was a strong 1.13, again well above 1. The order backlog was € 146 billion as of September 30, 2019, a new high.
1 As defined by the International Monetary Fund.
Orders related to external customers were clearly up year-overyear on growth in nearly all industrial businesses, led by Mobility. Gas and Power, Siemens Healthineers, Smart Infrastructure and SGRE all posted clear growth, while orders declined slightly in Digital Industries. Volume from large orders for Industrial Businesses overall was up substantially due to a sharp increase at Mobility, but also due to a significant increase in SGRE and Gas and Power. Growth in emerging markets was driven by orders from China, and from Russia where Mobility won a € 1.2 billion contract for high-speed trains including maintenance.
Order development was mixed in the Europe, C. I. S., Africa, Middle East region. The majority of industrial businesses posted order growth, led by double-digit growth in Mobility, which won several large contracts in the year under review. This increase was more than offset by a substantial decline in SGRE due mainly to a lower volume from large orders and a decrease in Digital Industries. In contrast to the region overall, orders were up clearly in Germany, driven by sharp growth in Gas and Power which recorded, among others, a large high voltage direct current (HVDC) order. Mobility recorded a significant increase in order intake in Germany, while the other industrial businesses posted declines.
Orders in the Americas region were up significantly year-over-year, benefiting from positive currency translation effects. Double-digit growth in nearly all industrial businesses was led by SGRE and Mobility with particularly sharp increases. The pattern of order development in the U. S. was largely the same as in the Americas region.
In the Asia, Australia region, orders also rose significantly due to growth in nearly all industrial businesses. The primary growth driver was SGRE, which recorded a sharply higher volume from large orders, including two large orders for offshore wind-farms
including service in Taiwan totaling € 2.3 billion. Orders for Mobility dropped substantially compared to the prior year. Clear growth in China included a majority of industrial businesses.
Table:
 |  | Fiscal year |  | % Change
(in millions of €) | 2019 | 2018 | Actual | Comp.
Europe, C. I. S., Africa, Middle East | 46,086 | 46,495 | (1)% | (1)%
therein: Germany | 12,021 | 11,254 | 7% | 7%
Americas | 29,812 | 25,060 | 19% | 14%
therein: U.S. | 21,166 | 18,106 | 17% | 10%
Asia, Australia | 22,101 | 19,742 | 12% | 11%
therein: China | 8,989 | 8,459 | 6% | 6%
Siemens | 97,999 | 91,296 | 7% | 6%
therein: emerging markets1 | 31,720 | 30,564 | 4% | 4%


Question: What is the increase / (decrease) in the orders for Asia and Australia from 2018 to 2019?
Answer: 2359
Calculation: 22,101 - 19,742
GasLog Ltd. and its Subsidiaries
Notes to the consolidated financial statements (Continued)
For the years ended December 31, 2017, 2018 and 2019
(All amounts expressed in thousands of U.S. Dollars, except share and per share data)
9. Trade and Other Receivables
Trade and other receivables consist of the following:
Trade and other receivables are amounts due from third parties for services performed in the ordinary course of business. They are generally due for settlement immediately and therefore are all classified as current. Trade and other receivables are recognized initially at the amount of consideration that is unconditional unless they contain certain significant financing components, at which point they are recognized at fair value. The Group holds the trade receivables with the objective to collect the contractual cash flows and therefore measures them subsequently at amortized cost using the effective interest rate method.
Accrued income represents net revenues receivable from charterers, which have not yet been invoiced; all other amounts not yet invoiced are included under Other receivables.
As of December 31, 2018 and 2019 no allowance for expected credit losses was recorded.
Table:
 | As of December 31, | 
 | 2018 | 2019
Trade receivables | 808 | 9,463
VAT receivable | 1,094 | 637
Accrued income | 9,473 | 8,274
Insurance claims | 1,282 | 1,400
Other receivables | 7,587 | 5,126
Total | 20,244 | 24,900


Question: What was the percentage change in total receivables from 2018 to 2019?
Answer: 23
Calculation: (24,900 - 20,244)/20,244
Deferred income taxes arise from temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements. A summary of the tax effect of the significant components of deferred income taxes is as follows (in thousands):
At December 31, 2019, we had state and foreign net operating losses of approximately $12.2 million and $7.9 million, respectively. The state net operating losses expire beginning 2027 through 2038. We recorded a full valuation allowance against the foreign net operating losses and a partial valuation allowance against the state net operating losses, as we do not believe those losses will be fully utilized in the future.
Table:
December 31, |  | 
 | 2019 | 2018
Goodwill and other intangibles | $136,882 | $114,532
Lease arrangements | 31,128 | —
Property and equipment | 13,270 | 8,168
Unbilled receivables - IRC Section 481(a) | 5,878 | 8,816
Gross deferred tax liabilities | 187,158 | 131,516
Lease obligations | (34,146) | —
Retirement and other liabilities | (18,614) | (20,707)
Allowance for potential contract losses and other contract reserves | (2,205) | (1,681)
Foreign and state operating loss carryforwards | (2,239) | (1,709)
Less: Valuation allowance | 1,828 | 1,537
Gross deferred tax assets | (55,376) | (22,560)
Net deferred tax liabilities | $131,782 | $108,956


Question: How do deferred income taxes arise?
Answer: from temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements
Uncertain Tax Positions
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):
Out of $2.1 million of unrecognized tax benefits, there are no unrecognized tax benefits that would result in a change in the Company's effective tax rate if recognized in future years. The accrued interest and penalties related to uncertain tax positions was not significant for December 29, 2019, December 30, 2018 and December 31, 2017.
The Company is not currently under tax examination and the Company’s historical net operating loss and credit carryforwards may be adjusted bythe Internal Revenue Service, and other tax authorities until the statute closes on the year in which such tax attributes are utilized. The Company estimates that its unrecognized tax benefits will not change significantly within the next twelve months.
The Company is subject to U.S. federal income tax as well as income taxes in many U.S. states and foreign jurisdictions in which the Company operates. The U.S. tax years from 1999 forward remain effectively open to examination due to the carryover of unused net operating losses and tax credits.
Table:
 | December 29, 2019 | December 30,2018 | December 31, 2017
Beginning balance of unrecognized tax benefits | $2,161 | $2,107 | $2,014
Additions for tax positions related to the prior year | (46) | (2) | 16
Additions for tax positions related to the current year | 88 | 125 | 77
Lapse of statutes of limitations | (86) | (69) | —
Ending balance of unrecognized tax benefits | $2,117 | $2,161 | $2,107


Question: What is the average additions for tax positions related to the current year in 2018 and 2019?
Answer: 106.5
Calculation: (125 + 88)/2
Item 6. Selected Consolidated Financial Data
The following table presents selected consolidated financial data as of and for the five-year period ended December 31, 2019. Our past results of operations are not necessarily indicative of our future results of operations. The following selected consolidated financial data is qualified in its entirety by, and should be read in conjunction with, “Management's Discussion and Analysis of Financial Condition and Results of Operations” and the consolidated financial statements and the notes thereto included elsewhere herein.
Consolidated Statement of Operations Data:
Table:
 |  |  | Year Ended December 31, |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
 |  |  | (In thousands, except per share data) |  | 
Revenues | $111,412 | $111,322 | $106,524 | $114,263 | $123,961
Income from operations | 9,464 | 8,238 | 4,545 | 10,186 | 3,820
Income from continuing operations, net of taxes | 4,155 | 4,661 | 1,592 | 6,007 | 8,523
Income from discontinued operations, net of taxes | — | — | 1,938 | 624 | 2,341
Net income | $4,155 | $4,661 | $3,530 | $6,631 | $10,864
Income per share—basic: |  |  |  |  | 
Continuing operations | $0.35 | $0.38 | $0.12 | $0.43 | $0.58
Discontinued operations | — | — | 0.15 | 0.04 | 0.16
Net income per share | $0.35 | $0.38 | $0.27 | $0.47 | $0.74
Income per share—diluted: |  |  |  |  | 
Continuing operations | $0.35 | $0.37 | $0.12 | $0.43 | $0.58
Discontinued operations | — | — | 0.15 | 0.04 | 0.16
Net income per share | $0.35 | $0.37 | $0.27 | $0.47 | $0.74
Shares used in per share calculation from continuing operations —basic | 11,809 | 12,323 | 12,882 | 13,997 | 14,722
Shares used in per share calculation from discontinued operations —basic | 11,809 | 12,323 | 12,882 | 13,997 | 14,722
Shares used in per share calculation from continuing operations—diluted | 12,035 | 12,510 | 12,894 | 13,997 | 14,722
Shares used in per share calculation from discontinuing operations—diluted | 12,035 | 12,510 | 12,894 | 13,997 | 14,722


Question: What is the average net income per share for basic shares from 2015 to 2019?
Answer: 0.44
Calculation: (0.35+0.38+0.27+0.47+0.74)/5
entergy new orleans , inc . management 2019s financial discussion and analysis plan to spin off the utility 2019s transmission business see the 201cplan to spin off the utility 2019s transmission business 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis for a discussion of this matter , including the planned retirement of debt and preferred securities . results of operations net income 2011 compared to 2010 net income increased $ 4.9 million primarily due to lower other operation and maintenance expenses , lower taxes other than income taxes , a lower effective income tax rate , and lower interest expense , partially offset by lower net revenue . 2010 compared to 2009 net income remained relatively unchanged , increasing $ 0.6 million , primarily due to higher net revenue and lower interest expense , almost entirely offset by higher other operation and maintenance expenses , higher taxes other than income taxes , lower other income , and higher depreciation and amortization expenses . net revenue 2011 compared to 2010 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2011 to 2010 . amount ( in millions ) .

Table:
 | amount ( in millions )
2010 net revenue | $ 272.9
retail electric price | -16.9 ( 16.9 )
net gas revenue | -9.1 ( 9.1 )
gas cost recovery asset | -3.0 ( 3.0 )
volume/weather | 5.4
other | -2.3 ( 2.3 )
2011 net revenue | $ 247.0
the retail electric price variance is primarily due to formula rate plan decreases effective october 2010 and october 2011 .
see note 2 to the financial statements for a discussion of the formula rate plan filing .
the net gas revenue variance is primarily due to milder weather in 2011 compared to 2010 .
the gas cost recovery asset variance is primarily due to the recognition in 2010 of a $ 3 million gas operations regulatory asset associated with the settlement of entergy new orleans 2019s electric and gas formula rate plan case and the amortization of that asset .
see note 2 to the financial statements for additional discussion of the formula rate plan settlement. .

Question: from the change in net revenue in 2011 , what percentage is attributed to change in retail electric price?
Answer: 65.3%
Calculation: subtract(247.0, 272.9), divide(-16.9, #0)
AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed)
14. STOCK-BASED COMPENSATION
Summary of Stock-Based Compensation Plans—The Company maintains equity incentive plans that provide for the grant of stock-based awards to its directors, officers and employees. The 2007 Equity Incentive Plan, as amended (the “2007 Plan”), provides for the grant of non-qualified and incentive stock options, as well as restricted stock units, restricted stock and other stock-based awards. Exercise prices for non-qualified and incentive stock options are not less than the fair value of the underlying common stock on the date of grant. Equity awards typically vest ratably, generally over four years for RSUs and stock options and three years for PSUs. Stock options generally expire 10 years from the date of grant. As of December 31, 2019, the Company had the ability to grant stock-based awards with respect to an aggregate of 7.0 million shares of common stock under the 2007 Plan. In addition, the Company maintains an employee stock purchase plan (the “ESPP”) pursuant to which eligible employees may purchase shares of the Company’s common stock on the last day of each bi-annual offering period at a 15% discount from the lower of the closing market value on the first or last day of such offering period. The offering periods run from June 1 through November 30 and from December 1 through May 31 of each year.
During the years ended December 31, 2019, 2018 and 2017, the Company recorded and capitalized the following stock-based compensation expenses:
Table:
 | 2019 | 2018 | 2017
Stock-based compensation expense - Property | $1.8 | $2.4 | $2.1
Stock-based compensation expense - Services | 1.0 | 0.9 | 0.8
Stock-based compensation expense - SG&A | 108.6 | 134.2 | 105.6
Total stock-based compensation expense | $111.4 | $137.5 | $108.5
Stock-based compensation expense capitalized as property and equipment | $1.6 | $2.0 | $1.6


Question: How many years did Total stock-based compensation expense exceed $100 million?
Answer: 3
Calculation: 2019##2018##2017
Restricted Stock Units (RSUs): RSUs represent the right to receive one share of NortonLifeLock common stock for each vested RSU upon the settlement date, subject to continued employment through each vesting date.
(1) Mr. Clark did not receive an RSU award for FY19.
(2) In FY19, Messrs. Taylor and Noviello, as FY18 NEOs, were granted a mix of PRUs and RSUs at 70% and 30%, respectively. All other executives, other than Mr. Clark, received a mix of PRUs and RSUs at 50% and 50%, respectively.
Table:
NEO | FY19 RSU Award Amount (#)(2) | Grant Date Value ($)
Gregory S. Clark(1) | 0 | 0
Nicholas R. Noviello | 95,416 | 2,106,785
Amy L. Cappellanti-Wolf | 78,620 | 1,683,254
Samir Kapuria | 238,243 | 5,100,783
Scott C. Taylor | 61,339 | 1,354,365


Question: What is the right to receive one share of NortonLifeLock common stock for each vested RSU upon the settlement date subjected to?
Answer: continued employment through each vesting date
Operating Activities
Net cash provided by operating activities in fiscal 2019 was primarily attributable to net income of $39.3 million, which included $89.9 million of net non-cash items, offset by changes in operating assets and liabilities using $8.2 million of cash as discussed in more detail below. Accounts receivable increased $2.6 million to $97.9 million at December 28, 2019 compared to $95.3 million at December 29, 2018 as a result of strong collections despite increased revenues and changes in payment terms related to customer mix.
Inventories, net, increased $5.6 million to $83.3 million at December 28, 2019 compared to $77.7 million at December 29, 2018 as a result of higher sales volumes, partially offset by a $10.4 million increase to our provision for excess and obsolete inventories. Accrued liabilities increased $8.7 million to $36.4 million at December 28, 2019 compared to $27.7 million at December 29, 2018, as a result of an increase in employee performance-based compensation and benefits and an increase in accrued income taxes due to timing of payments.
Accounts payable increased $0.9 million to $40.9 million at December 28, 2019 compared to $40.0 million at December 29, 2018, as a result of higher volumes mostly offset by the impact of timing of vendor payments.
Investing Activities
Net cash used in investing activities in fiscal 2019 primarily related to $20.8 million of cash used in the acquisition of property, plant and equipment, $20.5 million paid (net of cash acquired) as part of the consideration for the acquisition of FRT, and $25.1 million used for the purchase of marketable securities, net of maturities.
Financing Activities
Net cash used in financing activities in fiscal 2019 primarily related to $30.0 million of principal payments made towards the repayment of our term loan and $8.0 million related to tax withholdings associated with the net share settlements of our equity awards, largely offset by $23.4 million of proceeds from a term loan to fund the acquisition of FRT and $8.1 million of proceeds received from issuances of common stock under our stock incentive plans.
Table:
 |  | Fiscal Year Ended | 
 | December 28, 2019 | December 29, 2018 | December 30, 2017
 |  | (Dollars in thousands) | 
Net cash provided by operating activities | $121,048 | $68,700 | $86,323
Net cash used in investing activities | (66,352) | (21,295) | (59,425)
Net cash used in financing activities | $(6,578) | $(39,329) | $(39,470)


Question: What is the change in Net cash provided by operating activities from Fiscal Year Ended December 28, 2019 to December 29, 2018?
Answer: 52348
Calculation: 121,048-68,700
Net Pension Expense
Net pension expense, as we define it below, includes the net periodic benefit costs related to both our pension and other postretirement plans. The net periodic benefit costs are determined annually based on beginning of year balances and are recorded ratably throughout the fiscal year, unless a significant re-measurement event occurs. The following is a summary of the net periodic benefit costs for the years ended June 30, 2019, 2018 and 2017:
In September 2016, we announced changes to retirement plans we offer to certain employees. Benefits accrued to eligible participants of our largest qualified defined benefit pension plan and certain non-qualified pension plans were frozen effective December 31, 2016. Approximately 1,900 affected employees were transitioned to the Company’s 401(k) plan that has been in effect for eligible employees since 2012, when the pension plan was closed to new entrants. We recognized the plan freeze during fiscal year 2017 as a curtailment, since it eliminated the accrual for a significant number of participants for all of their future services. We also made a voluntary pension contribution of $100.0 million to the affected plan in October 2016.
The service cost component of net pension expense represents the estimated cost of future pension liabilities earned associated with active employees. The pension earnings, interest and deferrals (“pension EID”) is comprised of the expected return on plan assets, interest costs on the projected benefit obligations of the plans and amortization of actuarial gains and losses and prior service costs.
Table:
 |  | Years Ended June 30, | 
($ in millions) | 2019 | 2018 | 2017
Pension plans | $9.8 | $11.3 | $45.8
Other postretirement plans | 1.8 | 2.9 | 2.6
Net periodic benefit costs | $11.6 | $14.2 | $48.4


Question: What was the percentage change in Pension Plans in 2019 from 2018?
Answer: -13.27
Calculation: (9.8-11.3)/11.3