hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Net Earnings Per Share (“EPS”)
Basic EPS is computed by dividing net earnings available to common stockholders by the weighted average number of common shares outstanding during each year. Diluted EPS is computed on the basis of the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding RSUs.
A reconciliation of the denominators of the basic and diluted EPS calculations follows (in thousands, except per share data):
In 2019, 2018 and 2017, approximately 42,000, 17,000 and 40,000, respectively, of our RSUs were not included in the diluted EPS calculations because their inclusion would have been anti-dilutive. These share-based awards could be dilutive in the future. In the year ended December 31, 2019, certain potential outstanding shares from convertible senior notes and warrants were not included in the diluted EPS calculations because their inclusion would have been anti-dilutive.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Numerator: |  |  | 
Netearnings | $159,407 | $163,677 | $90,683
Denominator: |  |  | 
Weighted-average shares used to compute basic EPS | 35,538 | 35,586 | 35,741
Dilutive potential common shares due to dilutive: |  |  | 
RSUs, net of tax effect | 421 | 423 | 466
Weighted-average shares used to compute diluted EPS | 35,959 | 36,009 | 36,207
Net earnings per share: |  |  | 
Basic | $4.49 | $4.60 | $2.54
Diluted | $4.43 | $4.55 | $2.50


Question: What is the average Net earnings for 2018 and 2019?
Answer: 161542
Calculation: (159,407+163,677) / 2
subject to fluctuation and , consequently , the amount realized in the subsequent sale of an investment may differ significantly from its current reported value . fluctuations in the market price of a security may result from perceived changes in the underlying economic characteristics of the issuer , the relative price of alternative investments and general market conditions . the table below summarizes equity investments that are subject to equity price fluctuations at december 31 , 2012 . equity investments are included in other assets in our consolidated balance sheets . ( in millions ) carrying unrealized net of tax .

Table:
( in millions ) | costbasis | fairvalue | carryingvalue | unrealizedgainnet of tax
bm&fbovespa s.a . | $ 262.9 | $ 690.6 | $ 690.6 | $ 271.4
bolsa mexicana de valores s.a.b . de c.v . | 17.3 | 29.3 | 29.3 | 7.6
imarex asa | 2014 | 1.8 | 1.8 | 1.1
we do not currently hedge against equity price risk .
equity investments are assessed for other-than- temporary impairment on a quarterly basis. .

Question: what is the unrealized gain pre-tex for bolsa mexicana de valores?
Answer: 12
Calculation: subtract(29.3, 17.3)
We continue to experience challenging trends in both the high-end smartphone market and in the broadband market. However, with leading mobile and fixed networks, improving customer experience, three strong brands and further enhancements to BT Plus, with 5G coming imminently, we are well placed for the future.
Adjusteda revenue growth of 3% for the year was driven by the continued increase in handset costs for customers, growth in the SIMonly base across all brands and the impact of price increases, partially offset by solus voice price reductions.
Adjusteda EBITDA grew 7% for the year as the revenue growth was partially offset by increased trading costs.
Capital expenditure growth of 8% was driven by increased network spend as preparations were made for the EE 5G launch in 2019. Normalised free cash flowb was £1,323m, down 5% on last year as the increase in EBITDA was offset by the settlement at the start of the year of the Phones4U dispute relating to the retail trading agreement, and increased capital expenditure.
Mobile churnc was stable at 1.2% for the year, whilst fixed churnc was up from 1.3% to 1.4% reflecting the impact of price increases in the year.
a Adjusted measures exclude specific items, as explained in the Additional Information on page 185. b Free cash flow after net interest paid, before pension deficit payments (including the cash tax benefit of pension deficit payments) and specific items.
Table:
Consumer |  |  |  | 
Adjusteda revenue £10,695m |  | Adjusteda operating profit £1,510m |  | 
 | 2019 (IFRS 15) | 2018 (IAS 18) | Change | 
Year to 31 March | £m | £m | £m | %
Adjusteda revenue | 10,695 | 10,360 | 335 | 3
Adjusteda operating costs | 8,161 | 7,984 | 177 | 2
Adjusteda EBITDA | 2,534 | 2,376 | 158 | 7
Depreciation & amortisation | 1,024 | 992 | 32 | 3
Adjusted a operating profit | 1,510 | 1,384 | 126 | 9
Capital expenditure | 994 | 919 | 75 | 8
Normalised free cash flowb | 1,323 | 1,389 | (66) | (5


Question: What  was the EBITDA margin in 2019?
Answer: 0.24
Calculation: 2,534 / 10,695
Net Income Per Share
Basic net income per share is computed by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted net income per share is computed giving effect to all potentially dilutive common stock and common stock equivalents, including stock options, RSUs and common stock subject to repurchase.
The following table reconciles the shares used in calculating basic net income per share and diluted net income per share (in thousands):
Table:
 |  | Fiscal Year Ended | 
 | December 28, 2019 | December 29, 2018 | December 30, 2017
Weighted-average shares used in computing basic net income per share | 74,994 | 73,482 | 72,292
Add potentially dilutive securities | 2,292 | 1,700 | 1,947
Weighted-average shares used in computing basic and diluted net income per share | 77,286 | 75,182 | 74,239


Question: What is the Weighted-average shares used in computing basic and diluted net income per share in 2019?
Answer: 77,286
The total remuneration of the Group’s auditors, PricewaterhouseCoopers LLP and other member firms of PricewaterhouseCoopers International Limited, for services provided to the Group during the year ended 31 March 2019 is analysed below
Notes: 1 Fees during the implementation phase of new accounting standards, notably preparations for IFRS 15 “Revenue from Contracts with Customers” in the year ended 31 March 2018 and preparations for IFRS 16 “Leases” in the year ended 31 March 2019.
2 Relates to fees for statutory and regulatory filings during the year. In addition, the amount for the year ended 31 March 2018 includes non-recurring fees that were incurred during the preparations for a potential IPO of Vodafone New Zealand and the merger of Vodafone India and Idea Cellular. The amount for the year ended 31 March 2017 primarily arose from work on regulatory filings prepared in anticipation of a potential IPO of Vodafone India that was under consideration prior to the agreement for the merger of Vodafone India and Idea Cellular.
A description of the work performed by the Audit and Risk Committee in order to safeguard auditor independence when non-audit services are provided is set out in the Audit and Risk Committee report on pages 71 to 76.
Table:
 | 2019 | 2018 | 2017
 | €m | €m | €m
Parent company | 2 | 2 | 2
Subsidiaries | 14 | 14 | 13
Subsidiaries – new accounting standards1 | 1 | 5 | 1
Audit fees: | 17 | 21 | 16
Audit-related fees2 | 2 | 5 | 4
Non-audit fees: | 2 | 5 | 4
Total fees | 19 | 26 | 20


Question: What is the difference between the average audit fees and the average total fees for 2018 and 2019?
Answer: -3.5
Calculation: [(17+21)/2] - [(19+26)/2]
Disaggregated revenue
The Group’s revenues by geographic region based on end-users who purchased our products or services are as follows:
Revenues from the United States totaled approximately $529 million, $386 million, and $281 million for the fiscal years ended 2019, 2018, and 2017, respectively. Revenues from our country of domicile, the United Kingdom, totaled approximately $86 million, $63 million, and $46 million for the fiscal years ended 2019, 2018, and 2017, respectively. No one customer has accounted for more than 10% of revenue for the fiscal years ended 2019, 2018, and 2017.
Table:
 |  | Fiscal Year Ended June 30, | 
 | 2019 | 2018 | 2017
 |  | (U.S. $ in thousands) | 
 |  | *As Adjusted | *As Adjusted
Americas | $603,959 | $439,363 | $317,432
EMEA | 474,712 | 347,509 | 193,790
Asia Pacific | 131,456 | 94,106 | 115,462
 | $1,210,127 | $880,978 | $626,684


Question: What is the revenue amount from Asia Pacific for fiscal year ended 2019?
Answer: 131,456
Restricted Shares
We granted shares to certain of our Directors, executives and key employees under the 2016 and 2011 Plans, the vesting of which is service-based. The following table summarizes the activity during the twelve months ended March 31, 2019 for restricted shares awarded under the 2016 and 2011 Plans:
The weighted-average grant date fair value of the restricted shares is determined based upon the closing price of our common shares on the grant date. During fiscal 2019, a total of 197,917 shares, net of 47,146 shares withheld from the vested restricted shares to cover the employee's minimum applicable income taxes, were issued from treasury. The shares withheld were returned to treasury shares.
Table:
 | Number of Shares | Weighted-Average Grant-Date Fair Value
 |  | (per share)
Outstanding at April 1, 2018 | 243,354 | $10.78
Granted | 265,452 | 14.66
Vested | (197,917) | 12.74
Forfeited | (73,743) | 11.3
Outstanding at March 31, 2019 | 237,146 | $13.46


Question: What is the total  Weighted-Average Grant-Date Fair Value for Outstanding at April 1, 2018?
Answer: 2623356.12
Calculation:  243,354* 10.78
NOTE 2. RIGHT-OF-USE ASSETS
The Company leases many assets, including land, buildings, houses, motor vehicles, machinery and equipment. Leases typically run up to a period of 5 years, some with an option to renew the lease after the end of the non-cancelable period. Lease payments are renegotiated on a periodic basis; timing is depending on the region and type of lease. The Company has not entered into any sub-lease arrangements.
Right-of-use assets
Table:
 | Land and buildings | Motor vehicles | Other machinery and equipment | Total
Balance January 1, 2019 | 23,579 | 1,488 | 620 | 25,687
Additions | 6,475 | 1,588 | 16 | 8,079
Transfer from property, plant and equipment | 459 | – | – | 459
Modifications and reassessments | 75 | 31 | (24) | 82
Retirements | – | – | – | –
Depreciation for the year | (6,057) | (1,008) | (268) | (7,333)
Foreign currency translation effect | 518 | 43 | 12 | 573
Balance December 31, 2019 | 25,049 | 2,142 | 356 | 27,547


Question: What is the lease duration for the company?
Answer: typically run up to a period of 5 years
Revenue
Both reported and adjusted revenue fell by 1% as growth in our Consumer business, was more than offset by regulated price reductions in Openreach and declines in our enterprise businesses in particular in fixed voice and also reflecting our strategy to reduce low margin activity such as equipment sales. Excluding the negative impact of £35m from foreign exchange movements, underlying revenue fell 0.9% (2017/18: fell 1%), which exceeds our expectation of down around 2%.
You can find details of revenue by customer-facing unit on pages 40 to 41. Note 6 to the consolidated financial statements shows a full breakdown of reported revenue by all our major product and service categories.
Operating costs
Reported operating costs were down 2% and adjustedb operating costs before depreciation and amortisation were down 1%. This was mainly driven by restructuring related cost savings and lower payments to telecommunications operators driven by Global Services strategy to de-emphasise low margin business, partly offset by higher costs of recruiting and training engineers to support Openreach’s ‘Fibre First’ programme and help deliver improved customer service.
Our cost transformation programme remains on track. c4,000 roles were removed in the year, with the largest elements being in Global Services and our Corporate Units. Overall savings from the programme are currently an annualised benefit of £875m with an associated cost of £386m. Note 7 to the consolidated financial statements shows a detailed breakdown of our operating costs.
Note 7 to the consolidated financial statements shows a detailed breakdown of our operating costs.
a Excluding depreciation and amortisation.
Table:
 | 2019 | 2018 | 2017
Year ended 31 March | £m | £m | £m
Revenue | 23,428 | 23,723 | 24,062
Operating costs a | (16,461) | (16,828) | (17,323)
Depreciation and amortisation | (3,546) | (3,514) | (3,572)
Operating profit | 3,421 | 3,381 | 3,167
Net finance expense | (756) | (764) | (804)
Associates and joint ventures | 1 | (1) | (9)
Profit before tax | 2,666 | 2,616 | 2,354
Tax | (507) | (584) | (446)
Profit for the period | 2,159 | 2,032 | 1,908


Question: What is the average operating costs for 2017-2019?
Answer: -16870.67
Calculation: -(16,461 + 16,828 + 17,323) / 3
EXPLANATORY INFORMATION
For the years ended December 31, 2019 and 2018, accounting for outstanding share-based payments using the equity-settled method for stock-based compensation was determined to be more dilutive than using the cash-settled method. As a result, net income for the year ended December 31, 2019 was reduced by $6 million (2018 – $2 million) in the diluted earnings per share calculation.
For the year ended December 31, 2019, there were 1,077,875 options out of the money (2018 – 37,715) for purposes of the calculation of earnings per share. These options were excluded from the calculation of the effect of dilutive securities because they were anti-dilutive.
Table:
 | Years ended December 31 | 
(In millions of dollars, except per share amounts) | 2019 | 2018
Numerator (basic) – Net income for the year | 2,043 | 2,059
Denominator – Number of shares (in millions): Weighted average number of shares outstanding – basic | 512 | 515
Effect of dilutive securities (in millions): Employee stock options and restricted share units | 1 | 1
Weighted average number of shares outstanding – diluted | 513 | 516
Earnings per share: |  | 
Basic | $3.99 | $4.00
Diluted | $3.97 | $3.99


Question: Which accounting for outstanding share-based payments method was determined to be dilutive?
Answer: accounting for outstanding share-based payments using the equity-settled method for stock-based compensation was determined to be more dilutive than using the cash-settled method.
The impact of product mix within our TS segment on gross margins for the fiscal years ended September 30 was as follows:
The overall TS segment gross margin as a percentage of sales remained the same in fiscal year 2019 when compared to fiscal year 2018. The $0.6 million increase in our TS segment product gross margins resulted from an increase in product revenues in the U.S. division, partially offset by a decrease in the U.K division. The $1.1 million.increase in the TS segment service gross margins primarily resulted from increased service revenues in the U.S. division.
Table:
 |  |  | 2018 |  | Increase | 
 | GM$ | GM% | GM$ | GM% | GM$ | GM%
 |  |  | (Dollar amount in thousands) |  |  | 
Products | $7,462 | 13% | $6,886 | 13% | $576 | -%
Services | 6,427 | 56% | 5,376 | 55% | 1,051 | 1
Total | $13,889 | 20% | $12,262 | 20% | 1,627 | -%


Question: What percentage of the company's total gross margin arises from products?
Answer: 53.73
Calculation: $7,462/$13,889
Other loss
In May 2019, the Company completed a cash tender offer and purchased $460.9 million in aggregate principal amount of the 2020 Notes and issued $250.0 million in aggregate principal amount of 9.25% senior secured notes at par due November 2022. The Company recognized a loss of $10.6 million on the purchase of the 2020 Notes for the year ended December 31, 2019 (see Note 9).
During September 2019, Teekay LNG refinanced the Torben Spirit by acquiring the Torben Spirit from its original Lessor and then selling the vessel to another Lessor and leasing it back for a period of 7.5 years. As a result of this refinancing transaction, the Partnership recognized a loss of $1.4 million for the year ended December 31, 2019 on the extinguishment of the original finance lease (see Note 11).
Following the termination of the finance lease arrangements for the RasGas II LNG Carriers in 2014, the lessor made a determination that additional rentals were due under the leases following a challenge by the UK taxing authority. As a result, in 2017 the Teekay Nakilat Joint Venture recognized an additional liability, which was included as part of other loss in the Company's consolidated statements of loss.
Related to settlements and accruals made prior to September 2017 as a result of claims and potential claims made against Logitel Offshore Holding AS (or Logitel), a company acquired by Altera in 2014. Altera was deconsolidated in September 2017 (see Note 4).
Table:
 | Year Ended | Year Ended | Year Ended
 | December 31, | December 31, | December 31,
 | 2019 | 2018 | 2017
 | $ | $ | $
Loss on bond repurchases (1) | (10,601) | (1,772) | —
Loss on lease extinguishment (2) | (1,417) | — | —
Tax indemnification guarantee liability (3) | — | (600) | (50,000)
Contingent liability (4) | — | — | (4,500)
Gain on sale / (write-down) of cost-accounted investment | — | — | 1,250
Miscellaneous (loss) income | (2,457) | 359 | (731)
Other loss | (14,475) | (2,013) | (53,981)


Question: What was the amount of notes purchased by the company in May 2019?
Answer: $460.9 million
1. NATURE OF BUSINESS
Nordic American Tankers Limited (“NAT”) was formed on June 12, 1995 under the laws of the Islands of Bermuda. The Company’s shares trade under the symbol “NAT” on the New York Stock Exchange. The Company was formed for the purpose of acquiring and chartering out double-hull tankers.
The Company is an international tanker company that currently has a fleet of 23 Suezmax tankers. The Company has not disposed of or acquired new vessels in 2019. The 23 vessels the Company operated per December 31, 2019, average approximately 156,000 dwt each. In 2019, 2018 and 2017, the Company chartered out its operating vessels primarily in the spot market.
The Company’s Fleet
The Company’s current fleet consists of 23 Suezmax crude oil tankers of which the vast majority have been built in Korea.
Table:
Vessel | Built in | Deadweight Tons | Delivered to NAT in
Nordic Freedom | 2005 | 159,331 | 2005
Nordic Moon | 2002 | 160,305 | 2006
Nordic Apollo | 2003 | 159,998 | 2006
Nordic Cosmos | 2003 | 159,999 | 2006
Nordic Grace | 2002 | 149,921 | 2009
Nordic Mistral | 2002 | 164,236 | 2009
Nordic Passat | 2002 | 164,274 | 2010
Nordic Vega | 2010 | 163,940 | 2010
Nordic Breeze | 2011 | 158,597 | 2011
Nordic Zenith | 2011 | 158,645 | 2011
Nordic Sprinter | 2005 | 159,089 | 2014
Nordic Skier | 2005 | 159,089 | 2014
Nordic Light | 2010 | 158,475 | 2015
Nordic Cross | 2010 | 158,475 | 2015
Nordic Luna | 2004 | 150,037 | 2016
Nordic Castor | 2004 | 150,249 | 2016
Nordic Sirius | 2000 | 150,183 | 2016
Nordic Pollux | 2003 | 150,103 | 2016
Nordic Star | 2016 | 159,000 | 2016
Nordic Space | 2017 | 159,000 | 2017
Nordic Tellus | 2018 | 157,000 | 2018
Nordic Aquarius | 2018 | 157,000 | 2018
Nordic Cygnus | 2018 | 157,000 | 2018


Question: What is the average weight of the Nordic Freedom and Nordic Moon?
Answer: 159818
Calculation: (159,331 + 160,305)/2
The tax effects of temporary differences that give rise to significant portions of the Company's deferred tax assets and deferred tax liabilities are as follows (amounts in millions):
In assessing whether it is more likely than not that deferred tax assets will be realized, the Company considers all available evidence, both positive and negative, including its recent cumulative earnings experience and expectations of future available taxable income of the appropriate character by taxing jurisdiction, tax attribute carryback and carryforward periods available to them for tax reporting purposes, and prudent and feasible tax planning strategies.
Table:
 | March 31, | 
 | 2019 | 2018
Deferred tax assets: |  | 
Deferred income on shipments to distributors | $— | $39.1
Inventory valuation | 45.0 | 10.7
Net operating loss carryforward | 94.3 | 101.1
Capital loss carryforward | 9.6 | 10.6
Share-based compensation | 42.4 | 31.4
Income tax credits | 376.5 | 178.4
Property, plant and equipment | 23.6 | 25.7
Accrued expenses and other | 91.4 | 91.2
Intangible assets | 1,608.1 | —
Other | 12.6 | —
Gross deferred tax assets | 2,303.5 | 488.2
Valuation allowances | (332.1) | (204.5)
Deferred tax assets, net of valuation allowances | 1,971.4 | 283.7
Deferred tax liabilities: |  | 
Convertible debt | (279.3) | (304.4)
Intangible assets | (721.0) | (66.6)
Other | — | (18.3)
Deferred tax liabilities | (1,000.3) | (389.3)
Net deferred tax asset (liability) | $971.1 | $(105.6)
Reported as: |  | 
Non-current deferred tax assets | $1,677.2 | $100.2
Non-current deferred tax liability | (706.1) | (205.8)
Net deferred tax asset (liability) | $971.1 | $(105.6)


Question: Which years does the table provide information for the tax effects of temporary differences that give rise to significant portions of the Company's deferred tax assets and deferred tax liabilities?
Answer: 2019, 2018
Long-lived assets by geographic region were as follows (amounts in millions):
The only long-lived assets that we classify by region are our long-term tangible fixed assets, which consist of property, plant, and equipment assets, and beginning with 2019, as a result of our adoption of a new lease accounting standard, our lease ROU assets; all other long-term assets are not allocated by location.
For information regarding significant customers, see “Concentration of Credit Risk” in Note 2.
Table:
 |  | At December 31, | 
 | 2019 | 2018 | 2017
Long-lived assets* by geographic region: |  |  | 
Americas | $322 | $203 | $197
EMEA | 142 | 62 | 75
Asia Pacific | 21 | 17 | 22
Total long-lived assets by geographic region | $485 | $282 | $294


Question: What was the change in total long-lived assets by geographical region between 2017 and 2018?
Answer: -12
Calculation: 282-294
Profitability Measures
Net Income:
Our net income in the fiscal year ended February 28, 2019 was $18.4 million as compared to net income of $16.6 million in the same period last year. The increase is due to a $11.7 million increase in operating income, $3.0 million increase in investment income and $12.0 million decrease in income tax provision. The increase in operating income was primarily attributable to $21.0 million decrease in general and administrative expense due to reduced legal provision and related costs as further discussed in Note 19 and partially offset by $8.0 million of restructuring expense.
Adjusted EBITDA for Telematics Systems in the fiscal year ended February 28, 2019 decreased $8.1 million compared to the same period last year due to lower revenues as described above and the impact of high margin revenue earned on a strategic technology partnership arrangement in fiscal 2018. These factors were coupled with higher operating expenses in Telematics Systems as a result of increased headcount and outsourced professional service fees. Adjusted EBITDA for Software and Subscription Services increased $4.9 million compared to the same period last year due primarily to continued growth in revenues and gross profit from our Italia market and higher gross profit from our fleet management services.
See Note 20 for reconciliation of Adjusted EBITDA by reportable segments and a reconciliation to GAAP-basis net income (loss).
Table:
 | Fiscal years ended |  |  | 
 | February 28, |  |  | 
(In thousands) | 2019 | 2018 | $ Change | % Change
 | Segment |  |  | 
Telematics Systems | $40,821 | $48,943 | $(8,122) | (17.0%)
Software & Subscription Services | 13,093 | 8,233 | 4,860 | 59.0%
Corporate Expense | (5,699) | (4,794) | (905) | 19.0%
Total Adjusted EBITDA | $48,215 | $52,382 | $(4,167) | (8.0%)


Question: What was the average Corporate Expense for both years, 2018 and 2019?
Answer: -5246.5
Calculation: (-5,699-4,794)/(2019-2018+1)