hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
NOTE 2 — EARNINGS PER SHARE
Basic earnings per share (“EPS”) is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted EPS is computed based on 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 stock options and stock awards.
The components of basic and diluted EPS were as follows:
Anti-dilutive stock-based awards excluded from the calculations of diluted EPS were immaterial during the periods presented.
Table:
(In millions, except earnings per share) |  |  | 
Year Ended June 30, | 2019 | 2018 | 2017
Net income available for common shareholders (A) | $  39,240 | $  16,571 | $  25,489
Weighted average outstanding shares of common stock (B) | 7,673 | 7,700 | 7,746
Dilutive effect of stock-based awards | 80 | 94 | 86
Common stock and common stock equivalents (C) | 7,753 | 7,794 | 7,832
Earnings Per Share |  |  | 
Basic (A/B) | $ 5.11 | $ 2.15 | $ 3.29
Diluted (A/C) | $ 5.06 | $ 2.13 | $ 3.25


Question: What was the % change in net income available for common shareholders from 2018 to 2019?
Answer: 136.8
Calculation: (39,240-16,571)/16,571
As described in Note 7, the acquisition of Norstel resulted in the recognition of technology in process for $86 million in the line “Technologies in progress”.
The line “Technologies in progress” in the table above also includes internally developed software under construction and software not ready for use.
The amortization expense in 2019, 2018 and 2017 was $69 million, $64 million and $58 million, respectively.
Table:
December 31, 2019 | Gross Cost | Accumulated Amortization | Net Cost
Technologies & licenses | 699 | (578) | 121
Purchased & internally developed software | 486 | (427) | 59
Technologies in progress | 119 | — | 119
Other intangible assets | 70 | (70) | —
Total | 1,374 | (1,075) | 299
December 31, 2018 | Gross Cost | Accumulated Amortization | Net Cost
Technologies & licenses | 705 | (592) | 113
Purchased & internally developed software | 459 | (404) | 55
Technologies in progress | 44 | — | 44
Other intangible assets | 69 | (69) | —
Total | 1,277 | (1,065) | 212


Question: What is the average Gross Cost?
Answer: 1325.5
Calculation: (1,374+1,277) / 2
Note 16: Quarterly Results of Operations (Unaudited)
The following table sets forth certain quarterly information for fiscal years 2019 and 2018. This information, in the opinion of the Company’s management, reflects all adjustments (consisting only of normal recurring adjustments) necessary to present fairly this information when read in conjunction with the Consolidated Financial Statements and notes thereto included elsewhere herein (amounts in thousands except per share data):
(1) Operating income (loss) as a percentage of net sales fluctuates from quarter to quarter due to a number of factors, including net sales fluctuations, foreign currency exchange, restructuring charges, product mix, the timing and expense of moving product lines to lower-cost locations, the write-down of long lived assets, the net gain/loss on sales and disposals of assets and the relative mix of sales among distributors, original equipment manufacturers, and electronic manufacturing service providers.
Table:
Fiscal Year 2019 Quarters Ended |  |  |  | 
 | Jun-30 | Sep-30 | Dec-31 | Mar-31
Net sales | $327,616 | $349,233 | $350,175 | $355,794
Gross margin | 94,821 | 113,565 | 123,750 | 126,406
Operating income (1) | 35,176 | 50,000 | 61,616 | 54,057
Net income | $35,220 | $37,141 | $40,806 | $93,420
Net income per basic share | $0.61 | $0.64 | $0.70 | $1.60
Net income per diluted share | $0.60 | $0.63 | $0.69 | $1.58


Question: What was the net sales for the Jun-30 quarter?
Answer: 327,616
Commitments and Contractual Obligations
As of June 30, 2019, we have entered into the following contractual obligations with minimum payments for the indicated fiscal periods as follows:
1) Includes interest up to maturity and principal payments. Please see note 10 "Long-Term Debt" for more details.
(2) Net of $30.7 million of sublease income to be received from properties which we have subleased to third parties.
Table:
 |  |  | Payments due between |  | 
 | Total | July 1, 2019— June 30, 2020 | July 1, 2020— June 30, 2022 | July 1, 2022— June 30, 2024 | July 1, 2024 and beyond
Long-term debt obligations (1) | $3,408,565 | $147,059 | $292,156 | $1,045,567 | $1,923,783
Operating lease obligations (2) | 318,851 | 72,853 | 106,394 | 59,441 | 80,163
Purchase obligations | 11,280 | 8,364 | 2,747 | 169 | —
 | $3,738,696 | $228,276 | $401,297 | $1,105,177 | $2,003,946


Question: For July 1, 2024 and beyond, what is Long-term debt obligations expressed as a percentage of Total obligations?
Answer: 96
Calculation: 1,923,783/2,003,946
ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
RESULTS OF OPERATIONS
Consolidated Performance Summary. The following table presents selected consolidated financial data for the indicated fiscal years (dollars in millions, except per share data):
*Non-GAAP metric; refer to "Return on Invested Capital ("ROIC") and Economic Return" below for more information and Exhibit 99.1 for a reconciliation.
Net sales. Fiscal 2019 net sales increased $290.9 million, or 10.1%, as compared to fiscal 2018.
Net sales are analyzed by management by geographic segment, which reflects the Company's reportable segments, and by market sector. Management measures operational performance and allocates resources on a geographic segment basis. The Company’s global business development strategy is based on our targeted market sectors.
Table:
 | 2019 | 2018
Net sales  | $3,164.4 | $2,873.5
Cost of sales  | 2,872.6 | 2,615.9
Gross profit  | 291.8 | 257.6
Gross margin  | 9.2% | 9.0%
Operating income  | 142.1 | 118.3
Operating margin  | 4.5% | 4.1%
Other expense  | 16.1 | 10.7
Income tax expense | 17.3 | 94.6
Net income  | 108.6 | 13.0
Diluted earnings per share  | $3.50 | $0.38
Return on invested capital*  | 13.1% | 16.1%
Economic return* | 4.1% | 6.6%


Question: What was the percentage change in Income tax expense between 2018 and 2019?
Answer: -81.71
Calculation: (17.3-94.6)/94.6
Note 13. INCOME TAXES
In the year ended December 29, 2019, our income tax provision of $26.6 million on a profit before income taxes and equity in earnings (losses) of unconsolidated investees of $26.0 million was primarily due to tax expense in foreign jurisdictions that were profitable. In the year ended December 30, 2018, our income tax provision of $1.0 million on a loss before income taxes and equity in earnings of unconsolidated investees of $898.7 million was primarily due to tax expense in foreign jurisdictions that were profitable, offset by tax benefit related to release of valuation allowance in a foreign jurisdiction, and by a release of tax reserves due to lapse of statutes of limitation.
The geographic distribution of income (loss) from continuing operations before income taxes and equity earnings (losses) of unconsolidated investees and the components of provision for income taxes are summarized below:
Table:
 |  | Fiscal Year | 
(In thousands) | December 29, 2019 | December 30, 2018 | December 31, 2017
Geographic distribution of income (loss) from continuing operations before income taxes and equity in earnings of unconsolidated investees: |  |  | 
U.S. loss | $(84,071) | $(778,316) | $(1,242,000)
Non-U.S. income (loss) | 110,040 | (120,355) | 41,250
Income (loss) before income taxes and equity in earnings (loss) of unconsolidated investees | $25,969 | $(898,671) | $(1,200,750)
Provision for income taxes: |  |  | 
Current tax (expense) benefit |  |  | 
Federal | $(328) | $(1,155) | $6,816
State | (370) | (553) | 6,575
Foreign | (24,588) | (4,100) | (12,074)
Total current tax (expense) benefit | (25,286) | (5,808) | 1,317
Deferred tax (expense) benefit |  |  | 
Federal | (100) | — | —
State | — | — | 1,450
Foreign | (1,245) | 4,798 | 1,177
Total deferred tax (expense) benefit | (1,345) | 4,798 | 2,627
(Provision for) benefit from income taxes | (26,631) | $(1,010) | $3,944


Question: What was the income tax provision on equity in earnings (losses) of unconsolidated investees in 2019?
Answer: $26.0 million
ITEM 6. SELECTED FINANCIAL DATA
The data for fiscal 2019, 2018 and 2017 and as of August 31, 2019 and 2018 are derived from the audited Consolidated Financial Statements and related Notes that are included elsewhere in this report. The data for fiscal 2016 and 2015 and as of August 31, 2017, 2016 and 2015 are derived from the audited Consolidated Financial Statements and related Notes that are not included in this report. The selected financial data should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our Consolidated Financial Statements and related Notes included elsewhere in this report.
(1) Effective September 1, 2018, we adopted FASB ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) and eliminated our net revenues presentation and FASB ASU No. 2017-07, Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. Prior period amounts have been revised to conform with the current period presentation.
(2) Includes the impact of a $258 million charge associated with tax law changes recorded during fiscal 2018. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Results of Operations for Fiscal 2018 Compared to Fiscal 2017—Provision for Income Taxes.”
(3) Includes the impact of a $312 million, post-tax, pension settlement charge recorded during fiscal 2017. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Results of Operations for Fiscal 2018 Compared to Fiscal 2017—Pension Settlement Charge.”
(4) Includes the impact of a $745 million, post-tax, gain on sale of businesses recorded during fiscal 2016.
(5) Includes the impact of a $39 million, post-tax, pension settlement charge recorded during fiscal 2015.
Table:
 |  | Fiscal |  |  | 
 | 2019 | 2018 (1) (2) | 2017 (1) (3) | 2016 (1) (4) | 2015 (1) (5)
 |  | (in millions of U.S. dollars) |  |  | 
Income Statement Data |  |  |  |  | 
Revenues | $43,215 | $40,993 | $36,177 | $34,254 | $32,406
Operating income | 6,305 | 5,899 | 5,191 | 4,846 | 4,526
Net income | 4,846 | 4,215 | 3,635 | 4,350 | 3,274
Net income attributable to Accenture plc | 4,779 | 4,060 | 3,445 | 4,112 | 3,054
Earnings Per Class A Ordinary Share |  |  |  |  | 
Basic | $7.49 | $6.46 | $5.56 | $6.58 | $4.87
Diluted | 7.36 | 6.34 | 5.44 | 6.45 | 4.76
Dividends per ordinary share | 2.92 | 2.66 | 2.42 | 2.20 | 2.04


Question: Between 2015 to 2019, which year did Accenture earn the highest revenue?
Answer: 2019
Note 3. Revenue from Contracts with Customers
Contract Assets
Our contract assets consist of capitalized commission costs and upfront payments made to customers. The current portion of capitalized commission costs and upfront payments made to customers are included in other current assets within our consolidated balance sheets. The non-current portion of capitalized commission costs and upfront payments made to customers are reflected in other assets within our consolidated balance sheets. Our amortization of contract assets during the years ended December 31, 2019 and 2018 were $2.4 million and $2.0 million, respectively. There were no amortized commission costs during the year ended December 31, 2017.
We review the capitalized costs for impairment at least annually. Impairment exists if the carrying amount of the asset recognized from contract costs exceeds the remaining amount of consideration we expect to receive in exchange for providing the goods and services to which such asset relates, less the costs that relate directly to providing those good and services and that have not been recognized as an expense. We did not record an impairment loss on our contract assets during the years ended December 31, 2019, 2018 and 2017.
The changes in our contract assets are as follows (in thousands):
Table:
 | Year Ended December 31, | 
 | 2019 | 2018
Beginning of period balance | $2,881 | $—
Commission costs and upfront payments to a customer capitalized in period | 4,141 | 4,864
Amortization of contract assets | (2,444) | (1,983)
End of period balance | $4,578 | $2,881


Question: What was the Commission costs and upfront payments to a customer capitalized in period in 2019?
Answer: 4,141
packaging corporation of america notes to consolidated financial statements ( continued ) december 31 , 2005 9 . shareholders 2019 equity ( continued ) stockholder received proceeds , net of the underwriting discount , of $ 20.69 per share . the company did not sell any shares in , or receive any proceeds from , the secondary offering . concurrent with the closing of the secondary offering on december 21 , 2005 , the company entered into a common stock repurchase agreement with pca holdings llc . pursuant to the repurchase agreement , the company purchased 4500000 shares of common stock directly from pca holdings llc at the initial price to the public net of the underwriting discount or $ 20.69 per share , the same net price per share received by pca holdings llc in the secondary offering . these shares were retired on december 21 , 2005 . 10 . commitments and contingencies capital commitments the company had authorized capital expenditures of approximately $ 33.1 million and $ 55.2 million as of december 31 , 2005 and 2004 , respectively , in connection with the expansion and replacement of existing facilities and equipment . operating leases pca leases space for certain of its facilities and cutting rights to approximately 108000 acres of timberland under long-term leases . the company also leases equipment , primarily vehicles and rolling stock , and other assets under long-term leases of a duration generally of three years . the minimum lease payments under non-cancelable operating leases with lease terms in excess of one year are as follows : ( in thousands ) .

Table:
2006 | $ 24569
2007 | 21086
2008 | 14716
2009 | 9801
2010 | 6670
thereafter | 37130
total | $ 113972
capital lease obligations were not significant to the accompanying financial statements .
total lease expense , including base rent on all leases and executory costs , such as insurance , taxes , and maintenance , for the years ended december 31 , 2005 , 2004 and 2003 was $ 35.8 million , $ 33.0 million and $ 31.6 million , respectively .
these costs are included in cost of goods sold and selling and administrative expenses. .

Question: pursuant to the repurchase agreement , what was the total purchase price of the 4500000 shares of common stock directly from pca holdings llc?
Answer: 93105000
Calculation: multiply(4500000, 20.69)
Disaggregation of revenue
The following table provides information about disaggregated revenue by primary geographical markets:
The Company derived over 90%, and approximately 88% and 84% of subscription revenues from RingCentral Office product for the years ended December 31, 2019, 2018 and 2017, respectively
Table:
 |  | Year ended December 31, | 
 | 2019 | 2018 | 2017
Primary geographical markets |  |  | 
North America | 93% | 95% | 96%
Others | 7% | 5% | 4%
Total revenues | 100% | 100% | 100%


Question: What are the respective percentage of total revenue earned from North America in 2018 and 2019?
Answer: 95%, 93%
Accumulated Benefit Obligation
The following table provides information for the plans with an accumulated benefit obligation for fiscal years 2019 and 2018 (in thousands):
Table:
 | August 31, | 
 | 2019 | 2018
Projected benefit obligation | $174,690 | $161,104
Accumulated benefit obligation | $161,729 | $152,380
Fair value of plan assets | $158,101 | $151,715


Question: What was the change in Accumulated benefit obligation between 2018 and 2019?
Answer: 9349
Calculation: $161,729-$152,380
Underlying operating profit and underlying operating margin
Underlying operating profit and underlying operating margin mean operating profit and operating margin before the impact of non-underlying items within operating profit. Underlying operating profit represents our measure of segment profit or loss as it is the primary measure used for making decisions about allocating resources and assessing performance of the segments.
The Group reconciliation of operating profit to underlying operating profit is as follows:
Further details of non-underlying items can be found in note 3 on page 96 of the consolidated financial statements.
Refer to Note 2 on page 94 for the reconciliation of operating profit to underlying operating profit by Division. For each Division operating margin is computed as operating profit divided by turnover and underlying operating margin is computed as underlying operating profit divided by turnover.
Table:
 | € million | € million | € million
 | 2019 | 2018 | 2017
 |  | (Restated)(a) | (Restated)(a)
Operating profit | 8,708 | 12,639 | 8,957
Non-underlying items within |  |  | 
operating profit (see note 3) | 1,239 | (3,176) | 543
Underlying operating profit | 9,947 | 9,463 | 9,500
Turnover | 51,980 | 50,982 | 53,715
Operating margin | 16.8% | 24.8% | 16.7%
Underlying operating margin | 19.1% | 18.6% | 17.7%


Question: What is the increase / (decrease) in the operating profit from 2018 to 2019?
Answer: -3931
Calculation: 8,708 - 12,639
13. INCOME TAXES
The Company files income tax returns in the U.S. federal jurisdiction and the state of California. With few exceptions, the Company is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2015.
Deferred income taxes have been provided by temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for tax purposes. To the extent allowed by GAAP, the Company provides valuation allowances against the deferred tax assets for amounts when the realization is uncertain. Included in the balances at December 31, 2019 and 2018, are no tax positions for which the ultimate deductibility is highly certain, but for which there is uncertainty about the timing of such deductibility. Because of the impact of deferred tax accounting, other than interest and penalties, the disallowance of the shorter deductibility period would not affect the annual effective tax rate but would accelerate the payment of cash to the taxing authority to an earlier period.
The Company’s policy is to recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. During the periods ended December 31, 2019 and 2018, the Company did not recognize interest and penalties.
The income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income from continuing operations for the year ended December 31, 2019 and 2018 due to the following:
Table:
 | 2019 | 2018
Net taxable (loss) at effective tax rates | $(2,508) | $(1,567)
Stock compensation expense | 119 | 358
Amortization of debt discount | 94 | 10
Impairment of goodwill | - | 519
Other | (223) | (153)
Valuation allowance | 2,518 | 833
Income tax expense | $- | $-


Question: What is the percentage change in the stock compensation expense from 2018 to 2019?
Answer: -66.76
Calculation: (119-358)/358
P. Income Taxes
VMware’s income tax provision (benefit) for the periods presented consisted of the following (table in millions):
Table:
 |  | For the Year Ended | 
 | January 31, 2020 | February 1, 2019 | February 2, 2018
Federal: |  |  | 
Current | $78 | $181 | $688
Deferred | (219) | (92) | 275
 | (141) | 89 | 963
State: |  |  | 
Current | 45 | 31 | 8
Deferred | (44) | (10) | 21
 | 1 | 21 | 29
Foreign: |  |  | 
Current | 240 | 137 | 156
Deferred | (5,018) | (8) | 4
 | (4,778) | 129 | 160
Total income tax provision (benefit) | $(4,918) | $239 | $1,152


Question: What was the current state income tax provision in 2020?
Answer: 45
Manoj Shetty
(1) Represents accelerated vesting of 20,687 stock options. Pursuant to Mr. Shetty's stock option agreement (January 17, 2019), if Mr.
Shetty’s employment is terminated without cause or for good reason within six months following a “change in control”, he will become
immediately vested in all outstanding unvested stock options, and all of Mr. Shetty’s outstanding options shall remain exercisable in
accordance with their terms, but in no event for less than 90 days after such termination
(2) Represents accelerated vesting of 8,107 unvested performance restricted stock units. Pursuant to Mr. Shetty's performance restricted
stock unit agreement (dated January 17, 2019), if Mr. Shetty’s employment is terminated without cause or for good reason within six
months following a “change in control” or if Mr. Shetty's employment is terminated due to death or total disability, all non-vested units
shall accelerate and be vested as of the date of termination.
Table:
Type of Payment | Termination by Systemax without “Cause” or Resignation by Employee for “good reason” ($) | Termination Due to Death or Total Disability ($) Termination Due to Death or Total Disability ($) Termination Due to Death or Total Disability ($) | Change In Control Only ($) | Termination by Systemax without “Cause” or Resignation by Employee for “good reason” within a certain period of time following a Change in Control ($)
Cash Compensation (Salary & Non-Equity Incentive Compensation Cash Compensation (Salary & Non-Equity Incentive | - | - | - | -
Value of Accelerated Vesting of Stock Option Awards | - | - | - | 74,100 (1)
Value of Accelerated Vesting of Restricted Stock Unit Awards | - | - | - | -
Value of Accelerated Vesting of Performance Restricted Stock Unit Awards | - - | 204,000 (2) | - | 204,000 (2)
Medical and Other Benefits | - | - | - | -
Total | - | 204,000 | - | 278,100


Question: What is the total payment due to Manoj Shetty from all sources?
Answer: 482100
Calculation: 278,100+ 204,000
The following table presents the contractual maturities of our debt investments as of April 26, 2019 (in millions):
Actual maturities may differ from the contractual maturities because borrowers may have the right to call or prepay certain obligations.
Table:
 | Amortized Cost | Fair Value
Due in one year or less | $ 591 | $ 589
Due after one year through five years | 644 | 642
Due after five years through ten years | 455 | 452
 | $ 1,690 | $ 1,683


Question: What was the amortized cost Due after one year through five years?
Answer: 644
The following table sets forth activity during the years ended December 31, 2019 and 2018 related to finite-lived intangible assets:
The Company regularly reviews the carrying amounts of its long-lived assets subject to depreciation and amortization, as well as the related useful lives, to determine whether indicators of impairment may exist which warrant adjustments to carrying values or estimated useful lives. An impairment loss is recognized when the sum of the expected future undiscounted net cash flows is less than the carrying amount of the asset.
Should impairment exist, the impairment loss is measured based on the excess of the carrying amount of the asset over the asset’s fair value. During the years ended December 31, 2019 and 2017, no impairment losses related to finite-lived intangible assets were recognized. Impairment loss related to finite-lived intangible assets for the year ended December 31, 2018 was $2.2 million and related to acquired developed technology.
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
 | (in thousands) | 
Beginning balance | $240,500 | $310,645
Other additions | 86 | —
Transfers to developed technology from IPR&D | 4,400 | —
Amortization | (57,015) | (67,947)
Impairment losses | — | (2,198)
Ending balance | $187,971 | 240,500


Question: When is the impairment loss recognized?
Answer: when the sum of the expected future undiscounted net cash flows is less than the carrying amount of the asset.