hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
ADTRAN’s common stock is traded on the NASDAQ Global Select Market under the symbol ADTN. As of February 19, 2020, ADTRAN had 163 stockholders of record and approximately 6,972 beneficial owners of shares held in street name. The following table shows the high and low closing prices per share for our common stock as reported by NASDAQ for the periods indicated.
Table:
COMMON STOCK PRICES |  |  |  | 
2019 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter
High | $15.40 | $17.81 | $16.40 | $11.59
Low | $10.49 | $13.76 | $ 9.92 | $ 8.09


Question: What was the high closing price for common stock price in the Fourth Quarter of 2019?
Answer: $11.59
Discontinued Operations
In December 2015, we completed the wind down of engineering, manufacturing and sales of our solar inverter product line (the "inverter business"). Accordingly, the results of our inverter business have been reflected as “Income (loss) from discontinued operations, net of income taxes” on our Consolidated Statements of Operations for all periods presented herein.
The effect of our sales of extended inverter warranties to our customers continues to be reflected in deferred revenue in our Consolidated Balance Sheets. Deferred revenue for extended inverter warranties and the associated costs of warranty service will be reflected in Sales and Cost of goods sold, respectively, from continuing operations in future periods in our Consolidated Statement of Operations, as the deferred revenue, is earned and the associated services are rendered. Extended warranties related to the inverter product line are no longer offered.
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
Assets and Liabilities of discontinued operations within the Consolidated Balance Sheets are comprised of the following:
Table:
 | December 31, | 
 | 2019 | 2018
Cash and cash equivalents | $  — | $ 5,251
Accounts and other receivables, net | — | 406
Inventories | 30 | 198
Current assets of discontinued operations | 30 | 5,855
Other assets | — | 67
Deferred income tax assets | 269 | 5,917
Non-current assets of discontinued operations | 269 | 5,984
Accounts payable and other accrued expenses | — | 350
Accrued warranty | 914 | 4,936
Current liabilities of discontinued operations | 914 | 5,286
Accrued warranty | 698 | 10,429
Other liabilities | 189 | 286
Non-current liabilities of discontinued operations | $887 | $10,715


Question: When did the winding down of engineering, manufacturing and sales of solar inverter product line occur?
Answer: December 2015
(c) Summary of Share-Based Compensation Expense
Share-based compensation expense consists primarily of expenses for stock options, stock purchase rights, restricted stock, and RSUs granted to employees. The following table summarizes share-based compensation expense (in millions):
As of July 27, 2019, the total compensation cost related to unvested share-based awards not yet recognized was $3.3 billion, which is expected to be recognized over approximately 2.8 years on a weighted-average basis.
Table:
Years Ended | July 27, 2019 | July 28, 2018 | July 29, 2017
Cost of sales—product | $90 | $94 | $85
Cost of sales—service | 130 | 133 | 134
Share-based compensation expense in cost of sales . | 220 | 227 | 219
Research and development . | 540 | 538 | 529
Sales and marketing | 519 | 555 | 542
General and administrative | 250 | 246 | 236
Restructuring and other charges | 62 | 33 | 3
Share-based compensation expense in operating expenses | 1,371 | 1,372 | 1,310
Total share-based compensation expense | $1,591 | $1,599 | $1,529
Income tax benefit for share-based compensation . | $542 | $558 | $451


Question: What was the total compensation cost related to unvested share-based awards not yet recognized as of 2019?
Answer: $3.3 billion
Cost of Revenues
Cost of Subscription Solutions
Cost of subscription solutions increased $10.7 million, or 39.9%, for the three months ended December 31, 2019 compared to the same period in 2018. The increase was due to an increase in the costs necessary to support a greater number of merchants using our platform, resulting in an increase in: infrastructure and hosting costs, employee-related costs, credit card fees for processing merchant billings, amortization of technology related to enhancing our platform, payments to third-party partners for the registration of domain names, and payments to third-party theme developers. As a percentage of revenues, cost of subscription solutions decreased from 7.8% in the three months ended December 31, 2018 to 7.4% in the three months ended December 31, 2019 due to subscription solutions representing a smaller percentage of our total revenues.
Cost of Merchant Solutions
Cost of merchant solutions increased $72.5 million, or 55.2%, for the three months ended December 31, 2019 compared to the same period in 2018. The increase was primarily due to higher payment processing and interchange fees resulting from an increase in GMV facilitated through Shopify Payments. The increase was also due to an increase in amortization related to acquired intangibles from the acquisition of 6RS, employee-related costs associated with 6RS, product costs associated with expanding our product offerings, credit card fees for processing merchant billings, infrastructure and hosting costs, materials and third-party manufacturing costs associated with 6RS and cost of POS hardware units. Cost of merchant solutions as a percentage of revenues increased from 38.2% in the three months ended December 31, 2018 to 40.4% in the three months ended December 31, 2019, mainly as a result of Shopify Payments representing a larger percentage of total revenue.
Table:
 | Three months ended December 31, |  | 2019 vs. 2018
 | 2019 | 2018 | % Change
 | (in thousands, except percentages) |  | 
Cost of revenues: |  |  | 
Cost of subscription solutions | $ 37,369 | $ 26,706 | 39.9 %
Cost of merchant solutions | 203,900 | 131,413 | 55.2 %
Total cost of revenues | $ 241,269 | $ 158,119 | 52.6 %
Percentage of revenues: |  |  | 
Cost of subscription solutions | 7.4 % | 7.8 % | 
Cost of merchant solutions | 40.4 % | 38.2 % | 
 | 47.8 % | 46.0 % | 


Question: How much is the cost of subscriptions solutions revenue for both financial year ends (in chronological order)?
Answer: $ 26,706, $ 37,369
Retirement-Related Plans
The following table provides the total pre-tax cost for all retirement-related plans. Total operating costs/(income) are included in the Consolidated Income Statement within the caption (e.g., Cost, SG&A, RD&E) relating to the job function of the plan participants.
Total pre-tax retirement-related plan cost decreased by $994 million compared to 2018, primarily driven by a decrease in recognized actuarial losses ($1,123 million), primarily due to the change in the amortization period in the U.S. Qualified Personal Pension Plan and higher expected return on plan assets ($143 million), partially offset by higher interest costs ($203 million).
As discussed in the “Operating (non-GAAP) Earnings” section, we characterize certain retirement-related costs as operating and others as non-operating. Utilizing this characterization, operating retirement-related costs in 2019 were $1,457 million, a decrease of $37 million compared to 2018. Non-operating costs of $615 million in 2019 decreased $957 million year to year, driven primarily by the same factors as above.
Table:
($ in millions) |  |  | 
For the year ended December 31: | 2019 | 2018 | Yr.-to-Yr. Percent Change
Retirement-related plans—cost |  |  | 
Service cost | $385 | $431 | (10.7)%
Multi-employer plans | 32 | 38 | (16.9)
Cost of defined contribution plans | 1,040 | 1,024 | 1.5
Total operating costs/ (income) | $1,457 | $1,494 | (2.5)%
Interest cost | $2,929 | $2,726 | 7.4%
Expected return on plan assets | (4,192) | (4,049) | 3.5
Recognized actuarial losses | 1,819 | 2,941 | (38.2)
Amortization of prior service costs/(credits) | (9) | (73) | (87.6)
Curtailments/settlements | 41 | 11 | 262.2
Other costs | 28 | 16 | 76.2
Total non-operating costs/(income) | $615 | $1,572 | (60.9)%
Total retirement-related plans—cost | $2,072 | $3,066 | (32.4)%


Question: What caused the Non-operating costs to decrease?
Answer: As discussed in the “Operating (non-GAAP) Earnings” section, we characterize certain retirement-related costs as operating and others as non-operating. Utilizing this characterization, operating retirement-related costs in 2019 were $1,457 million, a decrease of $37 million compared to 2018. Non-operating costs of $615 million in 2019 decreased $957 million year to year, driven primarily by the same factors as above.
In 2019, Global Financing delivered external revenue of $1,400 million and total revenue of $2,632 million, with a decrease in gross margin of 2.7 points to 58.8 percent. Total pre-tax income of $1,055 million decreased 22.5 percent compared to 2018 and return on equity decreased 5.0 points to 25.8 percent.
Global Financing total revenue decreased 17.8 percent compared to the prior year. This was due to a decrease in internal revenue of 23.5 percent, driven by decreases in internal used equipment sales (down 27.4 percent to $862 million) and internal financing (down 12.6 percent to $370 million). External revenue declined 11.9 percent due to decreases in external financing (down 8.5 percent to $1,120 million) and external used equipment sales (down 23.4 percent to $281 million).
The decrease in internal financing revenue was due to lower average asset balances, partially offset by higher asset yields. The decrease in external financing revenue reflects the wind down of the OEM IT commercial financing operations.
Sales of used equipment represented 43.4 percent and 48.5 percent of Global Financing’s revenue for the years ended December 31, 2019 and 2018, respectively. The decrease in 2019 was due to a lower volume of internal used equipment sales. The gross profit margin on used sales was 52.2 percent and 54.2 percent for the years ended December 31, 2019 and 2018, respectively. The decrease in the gross profit margin was driven by lower margins on internal used equipment sales.
Global Financing pre-tax income decreased 22.5 percent year to year primarily driven by a decrease in gross profit ($422 million), partially offset by a decrease in total expense ($115 million), which was mainly driven by a decline in IBM shared expenses in line with the segment’s performance, a lower provision for credit losses and a gain from the sale of certain commercial financing capabilities in the first quarter of 2019.
The decrease in return on equity from 2018 to 2019 was primarily due to lower net income. Refer to page 45 for the details of the after-tax income and return on equity calculations.
Table:
($ in millions) |  |  | 
For the year ended December 31: | 2019 | 2018 | Yr.-to-Yr. Percent Change
External revenue | $1,400 | $1,590 | (11.9) %
Internal revenue | 1,232 | 1,610 | (23.5)
Total revenue | $2,632 | $3,200 | (17.8) %
Pre-tax income | $1,055 | $1,361 | (22.5) %


Question: What is the average External revenue?
Answer: 1495
Calculation: (1,400 + 1,590) / 2
december 18 , 2007 , we issued an additional 23182197 shares of common stock to citadel . the issuances were exempt from registration pursuant to section 4 ( 2 ) of the securities act of 1933 , and each purchaser has represented to us that it is an 201caccredited investor 201d as defined in regulation d promulgated under the securities act of 1933 , and that the common stock was being acquired for investment . we did not engage in a general solicitation or advertising with regard to the issuances of the common stock and have not offered securities to the public in connection with the issuances . see item 1 . business 2014citadel investment . performance graph the following performance graph shows the cumulative total return to a holder of the company 2019s common stock , assuming dividend reinvestment , compared with the cumulative total return , assuming dividend reinvestment , of the standard & poor 2019s ( 201cs&p 201d ) 500 and the s&p super cap diversified financials during the period from december 31 , 2002 through december 31 , 2007. .

Table:
 | 12/02 | 12/03 | 12/04 | 12/05 | 12/06 | 12/07
e*trade financial corporation | 100.00 | 260.29 | 307.61 | 429.22 | 461.32 | 73.05
s&p 500 | 100.00 | 128.68 | 142.69 | 149.70 | 173.34 | 182.87
s&p super cap diversified financials | 100.00 | 139.29 | 156.28 | 170.89 | 211.13 | 176.62
2022 $ 100 invested on 12/31/02 in stock or index-including reinvestment of dividends .
fiscal year ending december 31 .
2022 copyright a9 2008 , standard & poor 2019s , a division of the mcgraw-hill companies , inc .
all rights reserved .
www.researchdatagroup.com/s&p.htm .

Question: what was the percentage cumulative total return for e*trade financial corporation for the five years ended 12/07?
Answer: -26.95%
Calculation: subtract(73.05, const_100), divide(#0, const_100)
maturities of long-term debt in each of the next five years and beyond are as follows: .

Table:
2014 | $ 907.4
2015 | 453.0
2016 | 433.0
2017 | 453.8
2018 | 439.9
thereafter | 2876.6
total | $ 5563.7
on 4 february 2013 , we issued a $ 400.0 senior fixed-rate 2.75% ( 2.75 % ) note that matures on 3 february 2023 .
additionally , on 7 august 2013 , we issued a 2.0% ( 2.0 % ) eurobond for 20ac300 million ( $ 397 ) that matures on 7 august 2020 .
various debt agreements to which we are a party also include financial covenants and other restrictions , including restrictions pertaining to the ability to create property liens and enter into certain sale and leaseback transactions .
as of 30 september 2013 , we are in compliance with all the financial and other covenants under our debt agreements .
as of 30 september 2013 , we have classified commercial paper of $ 400.0 maturing in 2014 as long-term debt because we have the ability and intent to refinance the debt under our $ 2500.0 committed credit facility maturing in 2018 .
our current intent is to refinance this debt via the u.s .
public or private placement markets .
on 30 april 2013 , we entered into a five-year $ 2500.0 revolving credit agreement with a syndicate of banks ( the 201c2013 credit agreement 201d ) , under which senior unsecured debt is available to us and certain of our subsidiaries .
the 2013 credit agreement provides us with a source of liquidity and supports our commercial paper program .
this agreement increases the previously existing facility by $ 330.0 , extends the maturity date to 30 april 2018 , and modifies the financial covenant to a maximum ratio of total debt to total capitalization ( total debt plus total equity plus redeemable noncontrolling interest ) no greater than 70% ( 70 % ) .
no borrowings were outstanding under the 2013 credit agreement as of 30 september 2013 .
the 2013 credit agreement terminates and replaces our previous $ 2170.0 revolving credit agreement dated 8 july 2010 , as subsequently amended , which was to mature 30 june 2015 and had a financial covenant of long-term debt divided by the sum of long-term debt plus equity of no greater than 60% ( 60 % ) .
no borrowings were outstanding under the previous agreement at the time of its termination and no early termination penalties were incurred .
effective 11 june 2012 , we entered into an offshore chinese renminbi ( rmb ) syndicated credit facility of rmb1000.0 million ( $ 163.5 ) , maturing in june 2015 .
there are rmb250.0 million ( $ 40.9 ) in outstanding borrowings under this commitment at 30 september 2013 .
additional commitments totaling $ 383.0 are maintained by our foreign subsidiaries , of which $ 309.0 was borrowed and outstanding at 30 september 2013. .

Question: what is going to be the matured value of the eurobond issued in 2013 , in millions?
Answer: 456.55
Calculation: add(const_1, 2.0%), exp(#0, 7), multiply(397, #1)
ADJUSTED EBITDA
(1) Fiscal 2019 average foreign exchange rate used for translation was 1.3255 USD/CDN.
(2) Fiscal 2018 was restated to comply with IFRS 15 and to reflect a change in accounting policy as well as to reclassify results from Cogeco Peer 1 as discontinued operations. For further details, please consult the "Accounting policies" and "Discontinued operations" sections.
(3) Fiscal 2019 actuals are translated at the average foreign exchange rate of fiscal 2018 which was 1.2773 USD/CDN.
Fiscal 2019 adjusted EBITDA increased by 10.0% (8.5% in constant currency) as a result of: • an increase in the American broadband services segment mainly as a result of strong organic growth combined with the impact of the MetroCast and FiberLight acquisitions; and • an increase in the Canadian broadband services segment resulting mainly from a decline in operating expenses.
For further details on the Corporation’s adjusted EBITDA, please refer to the "Segmented operating and financial results" section.
Table:
Years ended August 31, | 2019 (1) | 2018 (2) | Change | Change in constant currency (3) | Foreign exchange impact (3)
(in thousands of dollars, except percentages) | $ | $ | % | % | $
Canadian broadband services | 688,681 | 681,020 | 1.1 | 1.3 | (1,102)
American broadband services | 465,645 | 369,200 | 26.1 | 21.5 | 16,911
Inter-segment eliminations and other | (46,386) | (43,402) | 6.9 | 6.8 | (12)
 | 1,107,940 | 1,006,818 | 10.0 | 8.5 | 15,797


Question: What was the increase / (decrease) in the Inter-segment eliminations and other from 2018 to 2019?
Answer: -2984
Calculation: (-46,386) - (-43,402)
Liquidity risk
Liquidity risk is managed to enable the Group to meet future payment obligations when financial liabilities fall due. Liquidity analysis is conducted to determine that sufficient headroom is available to meet the Group’s operational requirements and committed investments. The Group treasury policy aims to meet this objective by maintaining adequate cash, marketable securities and committed facilities. Undrawn borrowing facilities are detailed in note 23. The Group’s policy is to seek to optimise its exposure to liquidity risk by balancing its exposure to interest rate risk and to refinancing risk. In effect the Group seeks to borrow for as long as possible at the lowest acceptable cost.
Group policy is to maintain a weighted average debt maturity of over five years. At 31 December 2019, the maturity profile of Group debt showed an average maturity of five years (2018: six years). The Group regularly reviews the maturity profile of its borrowings and seeks to avoid concentration of maturities through the regular replacement of facilities and by arranging a selection of maturity dates. Refinancing risk may be reduced by doing so prior to the contracted maturity date. The change in valuation of an asset used as security for a debt facility may impact the Group’s ability to refinance that debt facility at the same quantum as currently outstanding.
The Group does not use supplier financing arrangements to manage liquidity risk.
The tables below set out the maturity analysis of the Group’s financial liabilities based on the undiscounted contractual obligations to make payments of interest and to repay principal. Where interest payment obligations are based on a floating rate, the rates used are those implied by the par yield curve for the relevant currency. Where payment obligations are in foreign currencies, the spot exchange rate at the balance sheet date is used.
Table:
 |  |  |  |  | 2019
£m | Within 1 year | 1–2 years | 2–5 years | Over 5 years | Total
Borrowings (including interest) | (249.5) | (1,091.3) | (2,600.9) | (1,716.1) | (5,657.8)
Finance lease obligations | (5.3) | (5.3) | (14.3) | (104.8) | (129.7)
Other financial liabilities | (15.4) | – | – | (1.2) | (16.6)
Net derivative payments | (34.3) | (28.8) | (78.4) | (222.9) | (364.4)
 | (304.5) | (1,125.4) | (2,693.6) | (2,045.0) | (6,168.5)
 |  |  |  |  | 
 |  |  |  |  | 2018
£m | Within 1 year | 1–2 years | 2–5 years | Over 5 years | Total
Borrowings (including interest) | (237.8) | (245.2) | (3,259.1) | (2,408.0) | (6,150.1)
Finance lease obligations | (4.4) | (4.4) | (13.4) | (104.8) | (127.0)
Other financial liabilities | (6.1) | (1.2) | – | – | (7.3)
Net derivative payments | (37.2) | (33.5) | (74.0) | (248.2) | (392.9)
 | (285.5) | (284.3) | (3,346.5) | (2,761.0) | (6,677.3)
 |  |  |  |  | 


Question: What is the average maturity of the Group debt in 2018?
Answer: six years
entergy new orleans , inc . management's financial discussion and analysis results of operations net income ( loss ) 2004 compared to 2003 net income increased $ 20.2 million primarily due to higher net revenue . 2003 compared to 2002 entergy new orleans had net income of $ 7.9 million in 2003 compared to a net loss in 2002 . the increase was due to higher net revenue and lower interest expense , partially offset by higher other operation and maintenance expenses and depreciation and amortization expenses . net revenue 2004 compared to 2003 net revenue , which is entergy new orleans' measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory credits . following is an analysis of the change in net revenue comparing 2004 to 2003. .

Table:
 | ( in millions )
2003 net revenue | $ 208.3
base rates | 10.6
volume/weather | 8.3
2004 deferrals | 7.5
price applied to unbilled electric sales | 3.7
other | 0.6
2004 net revenue | $ 239.0
the increase in base rates was effective june 2003 .
the rate increase is discussed in note 2 to the domestic utility companies and system energy financial statements .
the volume/weather variance is primarily due to increased billed electric usage of 162 gwh in the industrial service sector .
the increase was partially offset by milder weather in the residential and commercial sectors .
the 2004 deferrals variance is due to the deferral of voluntary severance plan and fossil plant maintenance expenses in accordance with a stipulation approved by the city council in august 2004 .
the stipulation allows for the recovery of these costs through amortization of a regulatory asset .
the voluntary severance plan and fossil plant maintenance expenses are being amortized over a five-year period that became effective january 2004 and january 2003 , respectively .
the formula rate plan is discussed in note 2 to the domestic utility companies and system energy financial statements .
the price applied to unbilled electric sales variance is due to an increase in the fuel price applied to unbilled sales. .

Question: what is entergy's net income as a percentage of net revenue in 2003?
Answer: 3.79%
Calculation: divide(7.9, 208.3)
Disaggregation of Total Net Sales: We disaggregate our sales from contracts with customers by end customer, contract type, deliverable type and revenue recognition method for each of our segments, as we believe these factors affect the nature, amount, timing, and uncertainty of our revenue and cash flows.
Sales by Geographic Region (in millions):
Table:
 |  | Years Ended September 30, | 
 | 2019 | 2018 | 2017
United States | $  956.6 | $  627.8 | $  522.8
United Kingdom | 218.2 | 240.7 | 219.4
Australia | 163.5 | 166.7 | 175.6
Far East/Middle East | 74.0 | 86.4 | 112.7
Other | 84.2 | 81.3 | 77.2
Total sales | $1,496.5 | $1,202.9 | $1,107.7


Question: How does the company disaggregate its sales from contracts with customers?
Answer: by end customer, contract type, deliverable type and revenue recognition method for each of our segments