hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
The ESPP provides for annual increases in the number of shares available for issuance under the ESPP on the first day of each fiscal year beginning in fiscal 2014, equal to the least of: (i) 1% of the outstanding shares of all classes of common stock on the last day of the immediately preceding year; (ii) 1,250,000 shares; or (iii) such other amount as may be determined by the board of directors. During the year ended December 31, 2019, a total of 810,459 shares of Class A common stock were added to the ESPP Plan in connection with the annual increase provision. At December 31, 2019, a total of 3,918,712 shares were available for issuance under the ESPP.
The weighted-average assumptions used to value ESPP rights under the Black-Scholes-Merton option-pricing model and the resulting offering grant date fair value of ESPP rights granted in the periods presented were as follows:
As of December 31, 2019 and 2018, there was approximately $2.3 million and $1.5 million of unrecognized share-based compensation expense, net of estimated forfeitures, related to ESPP, which will be recognized on a straight-line basis over the remaining weighted-average vesting periods of approximately 0.4 years, respectively
Table:
 |  | Year ended December 31, | 
 | 2019 | 2018 | 2017
Expected term (in years) | 0.5 | 0.5 | 0.5
Expected volatility | 47% | 42% | 34%
Risk-free interest rate | 2.01% | 2.31% | 1.20%
Expected dividend yield | 0% | 0% | 0%
Offering grant date fair value of ESPP rights | $33.66 | $18.07 | $9.52


Question: What are the respective expected volatility of ESPP rights for the year ended December 31, 2019 and 2018?
Answer: 47%, 42%
Acquisitions and divestments
Acquisitions
In 2019, Ericsson made acquisitions with a negative cash flow effect amounting to SEK 1,815 (1,220) million. The acquisitions presented below are not material, but the Company gives the information to provide the reader a summarized view of the content of the acquisitions made. The acquisitions consist primarily of:
Kathrein: On October 2, 2019, the Company acquired assets from Kathrein, a world leading provider of antenna and filter technologies with approximately 4,000 employees. Kathrein’s antenna and filters business has a strong R&D organization with extensive experience in antenna design and research, coupled with a strong IPR portfolio. In addition to broadening Ericsson’s portfolio of antenna and filter products, the acquisition will bring vital competence for the evolution of advanced radio network products. The acquired Kathrein business has had a negative impact of SEK –0.5 billion since the acquisition, corresponding to –1 percentage point in Networks operating margin. Balances to facilitate the Purchase price allocation are preliminary.
CSF: On August 20, 2019, the Company acquired 100% of the shares in CSF Holdings Inc. a US-based technology company with approximately 25 employees. CSF strengthens iconectiv’s Business to Consumer (B2C) product platforms to enable growth in messaging and Toll-Free Number (TFN) management. Balances to facilitate the Purchase price allocation are final.
ST-Ericsson: Before ST-Ericsson was a joint venture where Ericsson and ST Microelectronics had a 50/50 ownership. This joint venture consisted of a number of legal entities where the two parties owned different stakes in the different legal entities. In December 2019 the Company initiated transactions to wind-down the legal structure of ST-Ericsson by acquiring the remaining shares in two legal ST-Ericsson entities and costs of SEK –0.3 billion impacted the result. The Company now owns 100% of the shares in those entities.
In order to finalize a Purchase price allocation all relevant information needs to be in place. Examples of such information are final consideration and final opening balances, they may remain preliminary for a period of time due
to for example adjustments of working capital, tax items or decisions from local authorities.
1) Acquisition-related costs are included in Selling and administrative expenses in the consolidated income statement.
Table:
Acquisitions 2017–2019 |  |  | 
 | 2019 | 2018 | 2017
Total consideration, including cash | 1,957 | 1,314 | 62
Net assets acquired |  |  | 
Cash and cash equivalents | 142 | 94 | –
Property, plant and equipment | 353 | 4 | 12
Intangible assets | 497 | 481 | 101
Investments in associates | 101 | 64 | –
Other assets | 1,357 | 254 | 1
Provisions, incl. post-employment benefits | –102 | – | –
Other liabilities | –743 | –494 | 25
Total identifiable net assets | 1,605 | 403 | 139
Costs recognized in net income | 153 | – | –
Goodwill | 199 | 911 | –77
Total | 1,957 | 1,314 | 62
Acquisition-related costs 1) | 85 | 24 | 49


Question: What is the change in total consideration between 2019 and 2018?
Answer: 643
Calculation: 1,957-1,314
NOTE 14 – OTHER LIABILITIES
The carrying amount is a reasonable approximation of fair value due to the short-term nature of the receivables. Please refer to note 21 for further information on fair value hierarchies.
Table:
USDm | 2019 | 2018
Partners and commercial managements | 0.5 | 1.2
Accrued operating expenses | 14.1 | 9.1
Accrued interest | 4.0 | 4.6
Wages and social expenses | 14.3 | 16.1
Derivative financial instruments | 12.3 | 3.4
Payables to joint ventures | 0.1 | 0.1
Other | 2.0 | 2.0
Balance as of 31 December | 47.3 | 36.5


Question: Why is the carrying amount a reasonable approximation of fair value?
Answer: due to the short-term nature of the receivables.
Warranty Obligations
We offer warranties on certain products and record a liability for the estimated future costs associated with warranty claims at the time revenue is recognized. The warranty liability is based upon historical experience and our estimate of the level of future costs. While we engage in product quality programs and processes, our warranty obligation is affected by product failure rates, material usage and service delivery costs incurred in correcting a product failure.
We continuously monitor product returns for warranty and maintain a reserve for the related expenses based upon our historical experience and any specifically identified field failures. As we sell new products to our customers, we must exercise considerable judgment in estimating the expected failure rates. This estimating process is based on historical experience of similar products, as well as various other assumptions that we believe to be reasonable under the circumstances.
We provide for the estimated cost of product warranties at the time revenue is recognized. Warranty costs are reflected in the Consolidated Statement of Income as a Cost of revenues. A reconciliation of the changes in our warranty liability is as follows (in thousands):
Table:
 |  | Fiscal Year Ended | 
 | December 28,
2019 | December 29, 2018 | December 30, 2017
Balance at beginning of year | $2,102 | $ 3,662 | $2,972
Accruals | 3,881 | 3,181 | 8,115
Settlements | (4,041) | (4,741) | (7,425)
Balance at end of year | $1,942 | $2,102 | $3,662


Question: What is the change in Balance at beginning of year from Fiscal Year Ended December 28, 2019 to December 29, 2018?
Answer: -1560
Calculation: 2,102-3,662
DEVELOPMENT OF GROSS DOMESTIC PRODUCT IN IMPORTANT WORLD REGIONS AND GERMANY
Year-on-year change in %
Real GDP growth corrected for purchasing power. Source: Oxford Economics
1 The previous year’s figures may slightly deviate from the Annual Report 2017/18, since retrospective corrections are being made by the data provider.
2 Outlook.
Table:
 | 20181 | 20192
World | 3.6 | 2.9
Germany | 1.5 | 0.6
Western Europe (excl.Germany) | 1.9 | 1.3
Russia | 2.3 | 1.1
Eastern Europe (excl.Russia) | 4.1 | 3.6
Asia | 5.6 | 4.9


Question: Why might the figures in this annual report deviate slightly from last year?
Answer: since retrospective corrections are being made by the data provider
As at 31 December 2019, the Group had net debt of RMB15,552 million, compared to net debt of RMB7,173 million as at 30 September 2019. The sequential increase in indebtedness mainly reflected payments for M&A initiatives and media contents, as well as the consolidation of indebtedness at Halti, partly offset by strong free cash flow generation.
As at 31 December 2019, the Group had net debt of RMB15,552 million, compared to net debt of RMB7,173 million as at 30 September 2019. The sequential increase in indebtedness mainly reflected payments for M&A initiatives and media contents, as well as the consolidation of indebtedness at Halti, partly offset by strong free cash flow generation.
For the fourth quarter of 2019, the Group had free cash flow of RMB37,896 million. This was a result of net cash flow generated from operating activities of RMB50,604 million, offset by payments for capital expenditure of RMB12,708 million.
Table:
 | Audited | Unaudited
 | 31 December | 30 September
 | 2019 | 2019
 | (RMB in millions) | 
Cash and cash equivalents | 132,991 | 145,607
Term deposits and others | 72,270 | 54,499
 | 205,261 | 200,106
Borrowings | (126,952) | (112,148)
Notes payable | (93,861) | (95,131)
Net debt | (15,552) | (7,173)
Fair value of our stakes in listed investee companies (excluding subsidiaries) | 419,818 | 352,656


Question: What was the group's cash flow for the fourth quarter of 2019?
Answer: RMB37,896 million
The Group’s associates are considered to be related parties.
As at 30 March 2019 the following are also considered to be related parties under the Listing Rules due to their shareholdings exceeding 10% of the Group’s total issued share capital:
− Nissin Foods Holdings Co., Ltd. (“Nissin”) is considered to be a related party to the Group by virtue of its 19.47% (2017/18: 19.57%) equity shareholding in Premier Foods plc and of its power to appoint a member to the Board of directors.− Oasis Management Company Ltd (“Oasis”) is considered to be a related party to the Group by virtue of its 11.99% (2017/18: 9.01%) equity shareholding in Premier Foods plc and of its power to appoint a member to the Board of directors.
− Paulson Investment Company LLC, (“Paulson”) is considered to be a related party to the Group by virtue of its 11.98% (2017/18: 7.39%) equity shareholding in Premier Foods plc and of its power to appoint a member to the Board of directors.
As at 30 March 2019 the Group had outstanding balances with Hovis. Total trade receivables was £0.9m (2017/18: £0.5m) and total trade payables was £0.6m (2017/18: £2.5m).
Table:
 | 52 weeks ended | 52 weeks ended
 | 30 Mar 2019 | 31 Mar 2018
 | £m | £m
Sale of goods: |  | 
– Hovis | 0.3 | 0.3
Sale of services: |  | 
– Hovis | 0.7 | 0.7
– Nissin | 0.2 | 0.1
Total sales | 1.2 | 1.1
Purchase of goods: |  | 
– Hovis | 6.3 | 11.9
– Nissin | 10.3 | 7.1
Total purchases | 16.6 | 19.0


Question: What was the equity shareholding of Nissin Food Holdings Co., Ltd. in Premier Foods plc in 2019?
Answer: 19.47%
Restricted Stock Units (RSUs): RSUs represent the right to receive one share of NortonLifeLock common stock for each vested RSU upon the settlement date, subject to continued employment through each vesting date.
(1) Mr. Clark did not receive an RSU award for FY19.
(2) In FY19, Messrs. Taylor and Noviello, as FY18 NEOs, were granted a mix of PRUs and RSUs at 70% and 30%, respectively. All other executives, other than Mr. Clark, received a mix of PRUs and RSUs at 50% and 50%, respectively.
Table:
NEO | FY19 RSU Award Amount (#)(2) | Grant Date Value ($)
Gregory S. Clark(1) | 0 | 0
Nicholas R. Noviello | 95,416 | 2,106,785
Amy L. Cappellanti-Wolf | 78,620 | 1,683,254
Samir Kapuria | 238,243 | 5,100,783
Scott C. Taylor | 61,339 | 1,354,365


Question: How much more in grant date value does Nicholas R. Noviello have compared to Amy L. Cappellanti-Wolf?
Answer: 423531
Calculation: 2,106,785-1,683,254
american tower corporation and subsidiaries notes to consolidated financial statements loss on retirement of long-term obligations 2014loss on retirement of long-term obligations primarily includes cash paid to retire debt in excess of its carrying value , cash paid to holders of convertible notes in connection with note conversions and non-cash charges related to the write-off of deferred financing fees . loss on retirement of long-term obligations also includes gains from repurchasing or refinancing certain of the company 2019s debt obligations . earnings per common share 2014basic and diluted 2014basic income from continuing operations per common share for the years ended december 31 , 2012 , 2011 and 2010 represents income from continuing operations attributable to american tower corporation divided by the weighted average number of common shares outstanding during the period . diluted income from continuing operations per common share for the years ended december 31 , 2012 , 2011 and 2010 represents income from continuing operations attributable to american tower corporation divided by the weighted average number of common shares outstanding during the period and any dilutive common share equivalents , including unvested restricted stock , shares issuable upon exercise of stock options and warrants as determined under the treasury stock method and upon conversion of the company 2019s convertible notes , as determined under the if-converted method . retirement plan 2014the company has a 401 ( k ) plan covering substantially all employees who meet certain age and employment requirements . the company 2019s matching contribution for the years ended december 31 , 2012 , 2011 and 2010 is 50% ( 50 % ) up to a maximum 6% ( 6 % ) of a participant 2019s contributions . for the years ended december 31 , 2012 , 2011 and 2010 , the company contributed approximately $ 4.4 million , $ 2.9 million and $ 1.9 million to the plan , respectively . 2 . prepaid and other current assets prepaid and other current assets consist of the following as of december 31 , ( in thousands ) : .

Table:
 | 2012 | 2011 ( 1 )
prepaid income tax | $ 57665 | $ 31384
prepaid operating ground leases | 56916 | 49585
value added tax and other consumption tax receivables | 22443 | 81276
prepaid assets | 19037 | 28031
other miscellaneous current assets | 66790 | 59997
balance as of december 31, | $ 222851 | $ 250273
( 1 ) december 31 , 2011 balances have been revised to reflect purchase accounting measurement period adjustments. .

Question: what was the average company contribution to the retirement plan from 2010 to 2012
Answer: 3.06
Calculation: divide(4.4, 2.9), add(1.9, #0), divide(#1, const_3)
The following table provides detail of amounts reclassified from AOCL:
(1) These accumulated other comprehensive components are included in our derivative and hedging activities. See Note 15, “Derivatives and Hedging Activities,” of the Notes to Consolidated Financial Statements for additional details.
Table:
(In millions) | 2019 | 2018 | 2017 | Location of Amount Reclassified from AOCL
Defined benefit pension plans and other post-employment benefits: |  |  |  | 
Prior service credits | $ 0.1 | $0.3 | $ 1.3 | 
Actuarial losses | (4.9) | (3.1) | (10.0) | 
Total pre-tax amount | (4.8) | (2.8) | (8.7) | Other (expense) income, net
Tax benefit | 1.2 | 0.7 | 2.5 | 
Net of tax | (3.6) | (2.1) | (6.2) | 
Net gains (losses) on cash flow hedging derivatives:(1) |  |  |  | 
Foreign currency forward contracts | 1.6 | 0.2 | 0.9 | Cost of sales
Interest rate and currency swaps | — | — | (3.4) | 
Treasury locks | 0.1 | 0.1 | 0.1 | Interest expense, net
Total pre-tax amount | 1.7 | 0.3 | (2.4) | 
Tax (expense) benefit | (0.6) | (0.1) | 0.8 | 
Net of tax | 1.1 | 0.2 | (1.6) | 
Total reclassifications for the period | (2.5 ) | (1.9 ) | (7.8 ) | 


Question: For Treasury locks in 2019, What is the Net of tax expressed as a percentage of Total pre-tax amount?
Answer: 64.71
Calculation: 1.1/1.7
Results of Operations
Revenue
Revenue decreased in fiscal year 2019 compared to fiscal year 2018, but increased compared to fiscal year 2017, primarily as a result of the volatility of semiconductor capital investments by our customers. The overall Asia region continued to account for a majority of our revenues as a substantial amount of the worldwide capacity investments for semiconductor manufacturing continued to occur in this region.
Our deferred revenue balance was $449 million as of June 30, 2019, compared to $994 million as of June 24, 2018. The deferred revenue at the end of June 2019 is recognized under Accounting Standard Codification (“ASC”) 606, while the same values as of June 2018 are recognized under ASC 605, which contributes to the change in value period over period. Our deferred revenue balance does not include shipments to customers in Japan, to whom title does not transfer until customer acceptance. Shipments to customers in Japan are classified as inventory at cost until the time of customer acceptance. The anticipated future revenue value from shipments to customers in Japan was approximately $78 million as of June 30, 2019, compared to $607 million as of June 24, 2018.
Table:
 |  | YearEnded | 
 | June 30, 2019 | June 24, 2018 | June 25, 2017
Revenue (in millions) | $9,654 | $11,077 | $8,014
Korea | 23% | 35% | 31%
China | 22% | 16% | 13%
Japan | 20% | 17% | 13%
Taiwan | 17% | 13% | 26%
UnitedStates | 8% | 7% | 8%
SoutheastAsia | 6% | 7% | 5%
Europe | 4% | 5% | 4%


Question: What is the deferred revenue at the end of June 2019 recognised under?
Answer: Accounting Standard Codification (“ASC”) 606
Provision for Income Taxes
The effective income tax rate is calculated by dividing the provision for income taxes by income before income taxes. The effective income tax rate for 2019 was 13.0% compared to 18.3% for 2018.
The decrease in the effective income tax rate and the provision for income taxes was primarily due to the recognition of approximately $2.2 billion of a non-recurring tax benefit in connection with the disposition of preferred stock, representing a minority interest in a foreign affiliate in 2019 compared to the non-recurring deferred tax benefit of approximately $2.1 billion as a result of an internal reorganization of legal entities within the historical Wireless business, which was offset by a goodwill charge that is not deductible for tax purposes in 2018.
A reconciliation of the statutory federal income tax rate to the effective income tax rate for each period is included in Note 12 to the consolidated financial statements.
Table:
 |  |  | (dollars in millions) Increase/ (Decrease) | 
Years Ended December 31, | 2019 | 2018 | 2019 vs. 2018 | 
Provision for income taxes | $2,945 | $ 3,584 | $ (639) | (17.8)%
Effective income tax rate | 13.0% | 18.3% |  | 


Question: What is the change in Provision for income taxes from 2018 to 2019?
Answer: -639
Calculation: 2,945-3,584
Note 13: Supplemental Balance Sheets and Statements of Operations Detail
(1) Fiscal year ended March 31, 2018 adjusted due to the adoption of ASC 606.
Table:
 | March 31, | 
(amounts in thousands) | 2019 | 2018
Accounts receivable: |  | 
Trade | $176,715 | $166,459
Allowance for doubtful accounts reserve | (1,206) | (1,210)
Ship-from-stock and debit (“SFSD”) reserve | (18,862) | (17,362)
Returns reserves (1) | (964) | (131)
Rebates reserves | (967) | (446)
Price protection reserves | (657) | (420)
Other | — | (329)
Accounts receivable, net (1) | $154,059 | $146,561


Question: What was the amount of trade in 2019?
Answer: 176,715
NOTE L – INCOME TAXES
On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act makes broad and complex changes to the U.S. tax code, including, but not limited to, the following that impact the Company: (1) reducing the U.S. federal corporate income tax rate from 35 percent to 21 percent; (2) eliminating the corporate alternative minimum tax; (3) creating a new limitation on deductible interest expense; (4) limiting the deductibility of certain executive compensation; and (5) limiting certain other deductions.
The Company follows ASC 740-10 “Income Taxes” which requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statement or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between financial statements and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse.
Deferred income taxes include the net tax effects of net operating loss (NOL) carry forwards and the temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company's deferred tax assets are as follows:
Table:
 | 2019 | 2018
Deferred Tax Assets: |  | 
Net operating loss carry forwards | $20,772,428 | $20,342,559
Intangibles | 207,618 | 318,178
Credits | 28,022 | 112,086
Other | 506,349 | 613,202
Total deferred tax assets | 21,514,417 | 21,386,025
Deferred Tax Liabilities: |  | 
Intangibles | – | –
Total deferred tax liabilities | – | –
Valuation allowance | (21,486,396) | (21,386,025)
Net deferred tax asset | $28,021 | $–


Question: What is the percentage change in the total deferred tax assets from 2018 to 2019?
Answer: 0.6
Calculation: (21,514,417-21,386,025)/21,386,025
Other Long-Term Liabilities
In-Process Revenue Contracts
As part of the Company’s previous acquisition of FPSO units from Petrojarl ASA (subsequently renamed Teekay Petrojarl AS, or Teekay Petrojarl), the Company assumed a certain FPSO contract with terms that were less favorable than the then prevailing market terms. At the time of the acquisition, the Company recognized a liability based on the estimated fair value of this contract and service obligation.
The Company is amortizing the remaining liability over the estimated remaining term of its associated contract on a weighted basis, based on the projected revenue to be earned under the contract.
Amortization of in-process revenue contracts for the year ended December 31, 2019 was $5.9 million (2018 – $14.5 million, 2017 – $27.2 million), which is included in revenues on the consolidated statements of loss. Amortization of in-process revenue contracts following 2019 is expected to be $5.9 million (2020), $5.9 million (2021) and $5.9 million (2022).
Table:
 | December 31, 2019 | December 31, 2018
 | $ | $
Deferred revenues and gains (note 2) | 28,612 | 31,324
Guarantee liabilities | 10,113 | 9,434
Asset retirement obligation | 31,068 | 27,759
Pension liabilities | 7,238 | 4,847
In-process revenue contracts | 11,866 | 17,800
Derivative liabilities (note 16) | 51,914 | 56,352
Unrecognized tax benefits (note 22) | 62,958 | 40,556
Office lease liability – long-term (note 1) | 10,254 | —
Other | 2,325 | 1,325
 | 216,348 | 189,397


Question: What is the increase/ (decrease) in Guarantee liabilities from December 31, 2019 to December 31, 2018?
Answer: 679
Calculation: 10,113-9,434