hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Long-term state receivables include receivables related to funding and receivables related to tax refund. Funding are mainly public grants to be received from governmental agencies in Italy and France as part of longterm research and development, industrialization and capital investment projects. Long-term receivables related to tax refund correspond to tax benefits claimed by the Company in certain of its local tax jurisdictions, for which collection is expected beyond one year.
In 2019 and 2018, the Company entered into a factoring transaction to accelerate the realization in cash of some non-current assets. As at December 31, 2019, $131 million of the non-current assets were sold without recourse, compared to $122 million as at December 31, 2018, with a financial cost of less than $1 million for both periods.
Other non-current assets consisted of the following:
Table:
 | December 31, 2019 | December 31, 2018
Equity securities | 23 | 19
Long-term state receivables | 358 | 391
Deposits and other non-current assets | 56 | 42
Total | 437 | 452


Question: What is the average Long-term state receivables?
Answer: 374.5
Calculation: (358+391) / 2
Figure 31. 2019/2021 LTIP Award Grants
(1) The number of Market-based PRSUs awarded is reflected at target. The final number of shares that may be earned will be 0% to 150% of target.
(2) Mr. Anstice did not participate in the 2019/2021 LTIP because he terminated his employment with the Company as of December 5, 2018.
The independent members of the Board consulted with the committee and the committee’s compensation consultant to determine the appropriate amount and vesting schedule for Mr. Archer’s award. The independent members of the Board, on December 6, 2018, granted to Mr. Archer a $5,000,000 equity award consisting of 50% service-based RSUs and 50% stock options with a four-year vesting schedule, as shown below. No adjustment was made at that time to his annual base salary or his target award opportunities under the AIP or LTIP. These were adjusted to be competitive with CEOs in our peer group as part of the normal annual compensation review in February 2019.
In light of Mr. Bettinger’s critical role, his expanded responsibilities, and the intense competition in the technology industry for proven CFO talent, he received a special equity award on November 30, 2018. The committee consulted with its compensation consultant and with the Board to determine the amount and vesting schedule for the award. The committee granted to Mr. Bettinger a one-time service-based restricted stock unit (RSU) award with a nominal value of $8,000,000 and a four-year vesting schedule, as shown below.
Table:
Named Executive Officer (1)(2) | Target Award Opportunity ($) | Market-based PRSUs Award (#) | Stock Options Award (#) | Service-based RSUs Award (#)
Timothy M. Archer | 7,200,000 | 21,243 | 33,988 | 12,746
Douglas R. Bettinger | 2,700,000 | 7,966 | 12,744 | 4,779
Richard A. Gottscho | 2,250,000 | 6,638 | 10,620 | 3,983
Patrick J. Lord | 1,800,000 | 5,310 | 8,496 | 3,186
Vahid Vahedi | 1,575,000 | 4,647 | 7,432 | 2,788
Seshasayee (Sesha) Varadarajan | 1,575,000 | 4,647 | 7,432 | 2,788


Question: Which named executive officer has the highest Target Award Opportunity?
Answer: Timothy M. Archer
Calculation: Find the named executive officer with the highest Target Award Opportunity
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: In which year was Add potentially dilutive securities less than 2,000 thousands?
Answer: 2018, 2017
Calculation: locate and analyze Add potentially dilutive securities in row 4
Note 14 Debt and Credit Facilities
Our total debt outstanding consisted of the amounts set forth on the following table:
(1) Short-term borrowings of $98.9 million at December 31, 2019 were comprised of $89.0 million under our revolving credit facility and $9.9 million of short-term borrowings from various lines of credit. Short-term borrowings of $232.8 million at December 31, 2018 were comprised of $140.0 million under our revolving credit facility, $83.9 million under our European securitization program and $8.9 million of short-term borrowings from various lines of credit.
(2) The Current portion of long-term debt includes finance lease liabilities of $10.4 million as of December 31, 2019. The Other debt balance includes $28.7 million for long-term liabilities associated with our finance leases as of December 31, 2019. See Note 4, "Leases," of the Notes to Condensed Consolidated Financial Statements for additional information on finance and operating lease liabilities.
(3) Amounts are net of unamortized discounts and issuance costs of $24.6 million and $24.3 million as of December 31, 2019 and 2018, respectively.
(4) As of December 31, 2019, our weighted average interest rate on our short-term borrowings outstanding was 5.0% and on our long-term debt outstanding was 4.8%. As of December 31, 2018, our weighted average interest rate on our short-term borrowings outstanding was 2.8% and on our long-term debt outstanding was 5.4%.
Table:
 | December 31, | 
(In millions) | 2019 | 2018
Short-term borrowings (1) | $ 98.9 | $ 232.8
Current portion of long-term debt(2) | 16.7 | 4.9
Total current debt | 115.6 | 237.7
Term Loan A due July 2022 | 474.6 | —
Term Loan A due July 2023 | 218.2 | 222.2
6.50% Senior Notes due December 2020 | — | 424.0
4.875% Senior Notes due December 2022 | 421.9 | 421.1
5.25% Senior Notes due April 2023 | 422.0 | 421.2
4.50% Senior Notes due September 2023 | 445.6 | 454.9
5.125% Senior Notes due December 2024 | 421.9 | 421.3
5.50% Senior Notes due September 2025 | 397.4 | 397.1
4.00% Senior Notes due December 2027 | 420.4 | —
6.875% Senior Notes due July 2033 | 445.7 | 445.5
Other(2) | 30.9 | 29.2
Total long-term debt, less current portion(3) | 3,698.6 | 3,236.5
Total debt(4) | $ 3,814.2 | $ 3,474.2


Question: What years are included for total debt outstanding?
Answer: 2019, 2018
Income Tax Provision Reconciliation
The difference between the income tax benefit (provision) and income taxes computed using the U.S. federal income tax rate was as follows for the years ended September 30, 2019, 2018, and 2017 (amounts shown in thousands):
Table:
 | 2019 | 2018 | 2017
Amount computed using statutory rate | $841 | $2,122 | $(1,078)
Net change in valuation allowance for net deferred tax assets | (459) | (367) | 10,058
AMT and other | — | (191) | 20
Foreign rate differential | 664 | 22 | (169)
Non-deductible items | (151) | (276) | (370)
State income tax | (370) | 50 | (34)
Impact of tax reform on deferred taxes | — | (4,901) | —
Research and development credits | 1,694 | 475 | 2,494
Foreign income tax | (494) | — | —
Stock compensation, net | 1,539 | — | —
Income tax benefit (provision) | $3,264 | $(3,066) | $10,921


Question: What does the table show us?
Answer: The difference between the income tax benefit (provision) and income taxes computed using the U.S. federal income tax rate
The following table provides a reconciliation of Adjusted SG&A to SG&A expenses, the most directly comparable financial measure presented in accordance with U.S. GAAP:
(a) Represents depreciation and amortization expense included in SG&A.
(b) Represents non-cash share-based compensation expense included in SG&A.
(c) Represents new store marketing allowance of $1,000 for each store added to our distribution network, as well as the non-capitalized freight costs associated with Freshpet Fridge replacements. The expense enhances the overall marketing spend to support our growing distribution network.
(d) Represents fees associated with secondary public offerings of our common stock.
(e) Represents charges associated with our former Chief Executive Officer’s separation agreement, as well as changes in estimates associated with leadership transition costs
(f) Represents fees associated with two securities lawsuits.
Table:
 | Twelve Months Ended December 31, |  |  |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
 | (Dollars in thousands) |  |  |  | 
SG&A expenses | $114,450 | $94,876 | $75,167 | $62,586 | $58,297
Depreciation and amortization expense (a) | 9,551 | 7,977 | 6,901 | 5,859 | 5,008
Non-cash share-based compensation (b) | 6,912 | 5,949 | 4,195 | 3,972 | 3,723
Launch expense (c) | 4,563 | 3,540 | 3,066 | 2,813 | 2,626
Loss on disposal of equipment | 649 | — | — | — | —
Secondary offering expenses (d) | 302 | 362 | — | — | 593
Leadership transition expenses (e) | — | — | 63 | 1,291 | —
Litigation expense (f) | — | 348 | 145 | — | —
Adjusted SG&A Expenses | $92,473 | $76,698 | $60,797 | $48,651 | $46,347
Adjusted SG&A Expenses as a % of Net Sales | 37.6% | 39.7% | 39.9% | 37.5% | 40.8%


Question: How many types of expenses are listed in the table?
Answer: 8
Calculation: SG&A expenses## Depreciation and amortization expense## Non-cash share-based compensation## Launch expense## Loss on disposal of equipment ## Secondary offering expenses## Leadership transition expenses ## Litigation expense
(B.2) Employee Benefits Expenses
Components of Employee Benefits Expenses
Table:
€ millions | 2019 | 2018 | 2017
Salaries | 10,031 | 9,025 | 8,693
Social security expenses | 1,477 | 1,339 | 1,281
Share-based payment expenses | 1,835 | 830 | 1,120
Pension expenses | 369 | 330 | 312
Employee-related restructuring expenses | 1,111 | 19 | 180
Termination benefits outside of restructuring plans | 47 | 52 | 57
Employee benefits expenses | 14,870 | 11,595 | 11,643


Question: In which years are the employee benefits expenses calculated?
Answer: 2019, 2018, 2017
The operating expense line items in our income statement include the following share-based payment expenses:
Share-Based Payment Expenses by Functional Area
In 2019, we paid €79 million in share-based payments that became fully vested because of terminations due to operational reasons in connection with our restructuring plan. These payments as well as the expense portion initially allocated to future services were classified as share-based payments and not as restructuring expenses.
Table:
€ millions | 2019 | 2018 | 2017
Cost of cloud and software | 138 | 78 | 115
Cost of services | 246 | 142 | 158
Research and development | 429 | 210 | 269
Sales and marketing | 562 | 312 | 442
General and administration | 461 | 88 | 135
Share-based payment expenses | 1,835 | 830 | 1,120
Thereof cash-settled share-based payments | 1,664 | 674 | 963
Thereof equity-settled share-based payments | 171 | 156 | 157


Question: What were the Share-based payment expenses in 2019?
Answer: 1,835
Free cash flow
The Free cash flow for the Industrial Businesses amounted to €8,000 millions, resulting in a cash conversation rate of 0.89.
Beginning with fiscal 2020, Siemens adopts IFRS 16, Leases, applying
the modified retrospective approach as described in more detail in NOTE 2 in B.6 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS. As a result, the shift of lease payments from cash flows from operating activities to cash flows from financing activities will have a positive effect on Free cash flow.
With our ability to generate positive operating cash flows, our total liquidity (defined as cash and cash equivalents plus current interest-bearing debt securities) of €13.7 billion, our unused lines of credit, and our credit ratings at year-end, we believe that we have sufficient flexibility to fund our capital requirements. Also in our opinion, our operating net working capital is sufficient for our present requirements.
Table:
 |  |  | Fiscal Year 2019
(in millions of €) | Continuing operations | Discontinued operations | Continuing and discontinued operations
Cash flows from operating activities | 8,482 | (27) | 8,456
Additions to intangible assets and property, plant and equipment | (2,610) | − | (2,610)
Free cash flow | 5,872 | (27) | 5,845


Question: What was the average cash flow from operating activities from continuing and discontinued operations?
Answer: 4227.5
Calculation: (8,482 - 27) / 2
NOTE 9. GOODWILL AND INTANGIBLES
A summary of goodwill activity follows (in thousands).
Table:
Year Ended December 31 |  | 
 | 2019 | 2018
Goodwill, beginning of period | $       3,178 | $           -
Golden Ridge acquisition | - | 3,178
MGI acquistion | 737 | -
Goodwill, end of period | $3,915 | $3,178


Question: What is the value of the goodwill from the MGI acquisition in 2019?
Answer: 737
Our calculation of TCE may not be comparable to that reported by other entities. The following table reconciles our total operating revenues to average daily TCE:
(i) "Voyage and commission expenses" is derived from the caption "Voyage, charterhire and commission expenses" and "Voyage, charterhire and commission expenses - collaborative arrangement" less (i) charterhire expenses (net of the effect of the related guarantee obligation) of $nil, $nil and $12.4 million for the years ended December 31, 2019, 2018 and 2017, respectively, which arose on the charter-back of the Golar Grand from Golar Partners, and (ii) voyage and commission expenses in relation to the Hilli Episeyo of $0.5 million, $1.4 million and $nil for the years ended December 31, 2019, 2018 and 2017, respectively.
(5) We calculate average daily vessel operating costs by dividing vessel operating costs by the number of calendar days. Calendar days exclude those from vessels chartered in where the vessel operating costs are borne by the legal owner, and those of vessels undergoing conversion.
Table:
 |  |  | Years Ended December 31, |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
 |  |  | (in thousands of U.S.$, except number of shares, per common share data, fleet and other financial data) |  | 
Total operating revenues | 448,750 | 430,604 | 143,537 | 80,257 | 102,674
Less: Liquefaction services revenue | (218,096) | (127,625) | — | — | —
Less: Vessel and other management fees | (21,888) | (24,209) | (26,576) | (14,225) | (12,547)
Net time and voyage charter revenues | 208,766 | 278,770 | 116,961 | 66,032 | 90,127
Voyage and commission expenses (i) | (38,381) | (104,463) | (48,933) | (25,291) | (23,434)
 | 170,385 | 174,307 | 68,028 | 40,741 | 66,693
Calendar days less scheduled off-hire days | 3,840 | 3,987 | 3,885 | 4,034 | 4,481
Average daily TCE rate (to the closest $100) | 44,400 | 43,700 | 17,500 | 10,100 | 14,900


Question: What was the charterhire expenses in 2017?
Answer: $12.4 million
Return on invested capital
Return on invested capital (ROIC) is a measure of the return generated on capital invested by the Group. The measure provides a guide rail for longterm value creation and encourages compounding reinvestment within the business and discipline around acquisitions with low returns and long payback. ROIC is calculated as underlying operating profit after tax divided by the annual average of: goodwill, intangible assets, property, plant and equipment, net assets held for sale, inventories, trade and other current receivables, and trade payables and other current liabilities.
(a) Restated following adoption of IFRS 16. See note 1 and note 24 for further details.
(b) See reconciliation of operating profit to underlying operating profit on page 30.
(c) Tax on underlying operating profit is calculated as underlying operating profit before tax multiplied by underlying effective tax rate of 25.5% (2018: 25.7%) which is shown on page 30.
Table:
 | € million 2019 | € million 2018
 |  | (Restated)(a)
Underlying operating profit before tax(b) | 9,947 | 9,463
Tax on underlying operating profit(c) | (2,536) | (2,432)
Operating profit after tax | 7,411 | 7,031
Goodwill | 18,067 | 17,341
Intangible assets | 12,962 | 12,152
Property, plant and equipment | 12,062 | 12,088
Net assets held for sale | 81 | 108
Inventories | 4,164 | 4,301
Trade and other current receivables | 6,695 | 6,482
Trade payables and other current liabilities | (14,768) | (14,457)
Period-end invested capital | 39,263 | 38,015
Average invested capital for the period | 38,639 | 38,749
Return on average invested capital | 19.2% | 18.1%


Question: What is the average Goodwill?
Answer: 17704
Calculation: (18,067 + 17,341) / 2
other expense , net : the company's other expense consists of the following: .

Table:
( in thousands ) | year ended december 31 , 2013 | year ended december 31 , 2012
foreign currency losses net | $ -1115 ( 1115 ) | $ -1401 ( 1401 )
other income ( expense ) net | 69 | -4 ( 4 )
total other expense net | $ -1046 ( 1046 ) | $ -1405 ( 1405 )
income tax provision : the company recorded income tax expense of $ 77.2 million and had income before income taxes of $ 322.5 million for the year ended december 31 , 2013 , representing an effective tax rate of 23.9% ( 23.9 % ) .
during the year ended december 31 , 2012 , the company recorded income tax expense of $ 90.1 million and had income before income taxes of $ 293.5 million , representing an effective tax rate of 30.7% ( 30.7 % ) .
in december 2013 , the company received notice from the irs that the joint committee on taxation took no exception to the company's tax returns that were filed for 2009 and 2010 .
an $ 11.0 million tax benefit was recognized in the company's 2013 financial results as the company had effectively settled uncertainty regarding the realization of refund claims filed in connection with the 2009 and 2010 returns .
in the u.s. , which is the largest jurisdiction where the company receives such a tax credit , the availability of the research and development credit expired at the end of the 2011 tax year .
in january 2013 , the u.s .
congress passed legislation that reinstated the research and development credit retroactive to 2012 .
the income tax provision for the year ended december 31 , 2013 includes approximately $ 2.3 million related to the reinstated research and development credit for 2012 activity .
the decrease in the effective tax rate from the prior year is primarily due to the release of an uncertain tax position mentioned above , the reinstatement of the u.s .
research and development credit mentioned above , and cash repatriation activities .
when compared to the federal and state combined statutory rate , the effective tax rates for the years ended december 31 , 2013 and 2012 were favorably impacted by lower statutory tax rates in many of the company 2019s foreign jurisdictions , the domestic manufacturing deduction and tax benefits associated with the merger of the company 2019s japan subsidiaries in 2010 .
net income : the company 2019s net income for the year ended december 31 , 2013 was $ 245.3 million as compared to net income of $ 203.5 million for the year ended december 31 , 2012 .
diluted earnings per share was $ 2.58 for the year ended december 31 , 2013 and $ 2.14 for the year ended december 31 , 2012 .
the weighted average shares used in computing diluted earnings per share were 95.1 million and 95.0 million for the years ended december 31 , 2013 and 2012 , respectively .
table of contents .

Question: what was the percentage change in the foreign currency losses net from 2012 to 2013
Answer: -20.4%
Calculation: subtract(1115, 1401), divide(#0, 1401)
14. Income Taxes
Income before income taxes is as follows (in millions):
Table:
 |  | Year Ended | 
 | April 26, 2019 | April 27, 2018 | April 28, 2017
Domestic | $ 678 | $ 589 | $ 166
Foreign | 590 | 610 | 455
Total | $ 1,268 | $ 1,199 | $ 621


Question: What was the total income before income taxes in 2017?
Answer: 621
sales of unregistered securities not applicable . repurchases of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2017 to december 31 , 2017 . total number of shares ( or units ) purchased 1 average price paid per share ( or unit ) 2 total number of shares ( or units ) purchased as part of publicly announced plans or programs 3 maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs 3 .

Table:
 | total number ofshares ( or units ) purchased1 | average price paidper share ( or unit ) 2 | total number ofshares ( or units ) purchased as part ofpublicly announcedplans or programs3 | maximum number ( orapproximate dollar value ) of shares ( or units ) that may yet be purchasedunder the plans orprograms3
october 1 - 31 | 1231868 | $ 20.74 | 1230394 | $ 214001430
november 1 - 30 | 1723139 | $ 18.89 | 1722246 | $ 181474975
december 1 - 31 | 1295639 | $ 20.25 | 1285000 | $ 155459545
total | 4250646 | $ 19.84 | 4237640 | 
1 included shares of our common stock , par value $ 0.10 per share , withheld under the terms of grants under employee stock-based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares ( the 201cwithheld shares 201d ) .
we repurchased 1474 withheld shares in october 2017 , 893 withheld shares in november 2017 and 10639 withheld shares in december 2017 , for a total of 13006 withheld shares during the three-month period .
2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our share repurchase program , described in note 5 to the consolidated financial statements , by the sum of the number of withheld shares and the number of shares acquired in our share repurchase program .
3 in february 2017 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2017 share repurchase program 201d ) .
on february 14 , 2018 , we announced that our board had approved a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock .
the new authorization is in addition to any amounts remaining for repurchase under the 2017 share repurchase program .
there is no expiration date associated with the share repurchase programs. .

Question: what is the monthly average of withheld shares from october to december 2017?
Answer: 4335.3
Calculation: add(1474, 893), add(#0, 10639), divide(#1, const_3)