hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
11. Stock Award Plan
Total recognized stock-based compensation expense is included in our consolidated statements of operations as shown in the table below. Stock-based compensation expense includes both non-cash expense related to grants of stock-based awards as well as cash expense related to the employee discount applied to purchases of our common stock under our employee stock purchase plan.
The estimated income tax benefit of stock-based compensation expense included in the provision for income taxes for the year ended December 31, 2019 is approximately $5.3 million. No stock-based compensation costs were capitalized during the years ended December 31, 2019, 2018 and 2017. The calculation of stock-based compensation expenses includes an estimate for forfeitures at the time of grant.
This estimate can be revised in subsequent periods if actual forfeitures differ from those estimates, which are based on historical trends. Total unrecognized stock-based compensation expense related to nonvested awards and options was $62.4 million as of December 31, 2019, and this expense is expected to be recognized over a weighted-average period of 2.3 years.
Table:
 |  | Year Ended December 31, | 
(In thousands) | 2019 | 2018 | 2017
Cost of revenue: |  |  | 
Software delivery, support and maintenance | $ 2,075 | $ 2,184 | $ 2,879
Client services | 4,067 | 3,997 | 4,484
Total cost of revenue | 6,142 | 6,181 | 7,363
Selling, general and administrative expenses | 27,348 | 24,213 | 23,497
Research and development | 9,200 | 8,937 | 8,605
Total stock-based compensation expense | $ 42,690 | $ 39,331 | $ 39,465


Question: What was the change in the Software delivery, support and maintenance value from 2018 to 2019?
Answer: -109
Calculation: 2,075 - 2,184
CASH FLOW ANALYSIS
(1) 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. (2) For further details on the Corporation's cash flow attributable to discontinued operations, please consult the "Discontinued operations" section.
OPERATING ACTIVITIES Fiscal 2019 fourth-quarter cash flow from operating activities increased by 19.3% compared to the same period of the prior year mainly from: • higher adjusted EBITDA; • the decreases in income taxes paid and financial expense paid; and • the increase in changes in non-cash operating activities primarily due to changes in working capital.
INVESTING ACTIVITIES Fiscal 2019 fourth-quarter investing activities decreased by 25.8% compared to the same period of the prior year mainly due to the acquisition of spectrum licenses in the Canadian broadband services segment in the comparable period of the prior year combined with a decrease in acquisitions of property, plant and equipment.
Table:
Three months ended August 31, | 2019 | 2018 (1) | Change
(in thousands of dollars, except percentages) | $ | $ | %
Cash flow from operating activities | 304,702 | 255,438 | 19.3
Cash flow from investing activities | (144,332) | (194,474) | (25.8)
Cash flow from financing activities | (50,198) | (52,127) | (3.7)
Effect of exchange rate changes on cash and cash equivalents denominated in a foreign currency | (1,405) | (63) | —
Net change in cash and cash equivalents from continuing operations | 108,767 | 8,774 | —
Net change in cash and cash equivalent from discontinued operations(2) | — | 13,133 | (100.0)
Cash and cash equivalents, beginning of the period | 447,737 | 62,818 | —
Cash and cash equivalents, end of the period | 556,504 | 84,725 | —


Question: What was the increase / (decrease) in cash flow from operating activities from 2018 to 2019?
Answer: 49264
Calculation: 304,702 - 255,438
Restricted Share Awards
During the years ended December 31, 2017, pursuant to the Company’s 2016 Incentive Plan and 2005 Incentive Plan, the Company granted RSAs. The awards have requisite service periods of three years and vest in increments of 33% on the anniversary of the grant dates. Under each arrangement, shares are issued without direct cost to the employee. RSAs granted to our board vest one year from grant or as of the next annual shareholders meeting, whichever is earlier. The Company estimates the fair value of the RSAs based upon the market price of the Company’s stock at the date of grant. The RSA grants provide for the payment of dividends on the Company’s common stock, if any, to the participant during the requisite service period, and the participant has voting rights for each share of common stock. The Company recognizes compensation expense for RSAs on a straight-line basis over the requisite service period.
A summary of nonvested RSAs is as follows:
During the year ended December 31, 2019, a total of 106,610 RSAs vested. The Company withheld 32,371 of those shares to pay the employees’ portion of the minimum payroll withholding taxes.
Table:
 | Number of Shares | Weighted Average Grant Date Fair Value
Nonvested at December 31, 2018 | 213,337 | $20.21
Vested | -106,610 | 20.17
Forfeited | -13,885 | 20.64
Nonvested at December 31, 2019 | 92,842 | $20.13


Question: What was the number of nonvested shares were there in 2018?
Answer: 213,337
Year Ended December 31, 2019 Compared to Year Ended December 31, 2018
Operating revenues. Operating revenues decreased by 2.0% from NT$151,253 million in 2018 to NT$148,202 million (US$4,955 million) in
2019, primarily due to decreased other operating revenues, decreased foundry wafer sale, and 2.5% depreciation of the NTD in 2019 from 2018. The decreased foundry wafer sale came from a decline of 2.9% in average selling price from 2018 to 2019, partially offset by a 1.1% increase in foundry wafer shipment from 7,108 thousand 8-inch equivalent wafers in 2018 to 7,189 thousand 8-inch equivalent wafers in 2019.
Operating costs. Operating costs decreased by 1.2% from NT$128,413 million in 2018 to NT$126,887 million (US$4,242 million) in 2019, primarily due to the decreased depreciation expense and other operating costs, which was partially offset by the increased direct material costs.
Gross profit and gross margin. Gross profit decreased from NT$22,840 million in 2018 to NT$21,315 million (US$713 million) in 2019. Our gross margin decreased from 15.1% in 2018 to 14.4% in 2019, primarily due to an annual decline of 2.9% in average selling price.
Table:
 |  | Years Ended December 31, | 
 | 2017 | 2018 | 2019
 | % | % | %
Operating revenues | 100.0 | 100.0 | 100.0
Operating costs | (81.9) | (84.9) | (85.6)
Gross profit | 18.1 | 15.1 | 14.4
Operating expenses |  |  | 
Sales and marketing | (2.8) | (2.6) | (2.6)
General and administrative | (2.8) | (3.2) | (3.6)
Research and development | (9.2) | (8.6) | (8.0)
Expected credit losses | — | (0.3) | (0.4)
Subtotal | (14.8) | (14.7) | (14.6)
Net other operating income and expenses | 1.1 | 3.4 | 3.5
Operating income | 4.4 | 3.8 | 3.3
Non-operating income and expenses | 0.7 | (2.4) | (0.1)
Income from continuing operations before income tax | 5.1 | 1.4 | 3.2
Income tax benefit (expense) | (0.6) | 0.7 | (0.1)
Net income | 4.5 | 2.1 | 3.1
Total other comprehensive income (loss), net of tax | (3.2) | 0.6 | 1.9
Total comprehensive income | 1.3 | 2.7 | 5.0
Net income attributable to: |  |  | 
Stockholders of the parent | 6.5 | 5.1 | 5.5
Non-controlling interests | (2.0) | (3.0) | (2.4)
Total comprehensive income attributable to: |  |  | 
Stockholders of the parent | 3.3 | 5.7 | 7.4
Non-controlling interests | (2.0) | (3.0) | (2.4)


Question: Why did the gross margin decreased from 2018 to 2019?
Answer: primarily due to an annual decline of 2.9% in average selling price.
Contract Assets and Liabilities
Contract assets represent the Company’s rights to consideration in exchange for services transferred to a customer that have not been billed as of the reporting date. While the Company’s rights to consideration are generally unconditional at the time its performance obligations are satisfied, under certain circumstances the related billing occurs in arrears, generally within one month of the services being rendered.
At the inception of a contract, the Company generally expects the period between when it transfers its services to its customers and when the customer pays for such services will be one year or less.
Contract liabilities relate to advance consideration received or the right to consideration that is unconditional from customers for which revenue is recognized when the performance obligation is satisfied and control transferred to the customer.
The table below sets forth the Company’s contract assets and contract liabilities from contracts with customers.
The increase in the contract assets balance during the period was primarily due to $203 million of revenue recognized that was not billed, in accordance with the terms of the contracts, as of December 31, 2019, offset by $193 million of contract assets included in the December 31, 2018 balance that were invoiced to Nielsen’s clients and therefore transferred to trade receivables.
The decrease in the contract liability balance during the period was primarily due to $326 million of advance consideration received or the right to consideration that is unconditional from customers for which revenue was not recognized during the period, offset by $337 million of revenue recognized during the period that had been included in the December 31, 2018 contract liability balance.
Table:
(IN MILLIONS) | Year Ended December 31, | 
 | 2019 | 2018
Contract assets | $218 | $210
Contract liabilities | $346 | $359


Question: What was the cause of the increase in the contract assets balance?
Answer: due to $203 million of revenue recognized that was not billed, in accordance with the terms of the contracts, as of December 31, 2019, offset by $193 million of contract assets included in the December 31, 2018 balance that were invoiced to Nielsen’s clients and therefore transferred to trade receivables
A summary of our outstanding debt as of December 31, 2018, is as follows (amounts in millions):
Refer to Note 13 of the notes to the consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further disclosures regarding our debt obligations.
Table:
 |  |  | December 31, 2018
 | Gross Carrying Amount | Unamortized Discount and Deferred Financing Costs | Net Carrying Amount
2021 Notes | 650 | (3) | 647
2022 Notes | 400 | (3) | 397
2026 Notes | 850 | (8) | 842
2027 Notes | 400 | (5) | 395
2047 Notes | 400 | (10) | 390
Total debt | $2,700 | $(29) | $2,671


Question: What was the change in gross carrying amount between the 2022 and 2026 notes?
Answer: 450
Calculation: 850-400
Note 10 – Income taxes
The provision (benefit) for income taxes consists of the following:
Table:
 | For the Years Ended December 31, | 
 | 2019 | 2018
Current: |  | 
Federal | $ (27) | $ (13 )
State and local | 276 | 249
Total current | 249 | 236
Deferred | 533 | (461)
Provision (benefit) for income taxes | $ 782 | $ (225)


Question: What is the total provision (benefit) for income taxes in 2019?
Answer: 782
jpmorgan chase & co./2012 annual report 167 the chart shows that for year ended december 31 , 2012 , the firm posted market risk related gains on 220 of the 261 days in this period , with gains on eight days exceeding $ 200 million . the chart includes year to date losses incurred in the synthetic credit portfolio . cib and credit portfolio posted market risk-related gains on 254 days in the period . the inset graph looks at those days on which the firm experienced losses and depicts the amount by which var exceeded the actual loss on each of those days . of the losses that were sustained on the 41 days of the 261 days in the trading period , the firm sustained losses that exceeded the var measure on three of those days . these losses in excess of the var all occurred in the second quarter of 2012 and were due to the adverse effect of market movements on risk positions in the synthetic credit portfolio held by cio . during the year ended december 31 , 2012 , cib and credit portfolio experienced seven loss days ; none of the losses on those days exceeded their respective var measures . other risk measures debit valuation adjustment sensitivity the following table provides information about the gross sensitivity of dva to a one-basis-point increase in jpmorgan chase 2019s credit spreads . this sensitivity represents the impact from a one-basis-point parallel shift in jpmorgan chase 2019s entire credit curve . however , the sensitivity at a single point in time multiplied by the change in credit spread at a single maturity point may not be representative of the actual dva gain or loss realized within a period . the actual results reflect the movement in credit spreads across various maturities , which typically do not move in a parallel fashion , and is the product of a constantly changing exposure profile , among other factors . debit valuation adjustment sensitivity ( in millions ) one basis-point increase in jpmorgan chase 2019s credit spread .

Table:
( in millions ) | one basis-point increase injpmorgan chase 2019s credit spread
december 31 2012 | $ 34
december 31 2011 | 35
economic-value stress testing along with var , stress testing is important in measuring and controlling risk .
while var reflects the risk of loss due to adverse changes in markets using recent historical market behavior as an indicator of losses , stress testing captures the firm 2019s exposure to unlikely but plausible events in abnormal markets .
the firm runs weekly stress tests on market-related risks across the lines of business using multiple scenarios that assume significant changes in risk factors such as credit spreads , equity prices , interest rates , currency rates or commodity prices .
the framework uses a grid-based approach , which calculates multiple magnitudes of stress for both market rallies and market sell-offs for .

Question: how often did the firm sustain losses that exceeded the var measure?
Answer: 1.1%
Calculation: divide(const_3, 261)
Minimising our environmental impact
During FY19 we have undertaken energy audits across all our UK manufacturing sites as part of our Energy Savings Opportunity Scheme (‘ESOS’) compliance programme, which is a mandatory energy assessment scheme for UK organisations. Our progress on energy efficiency improvements remains good, and we have delivered a further 4.9% improvement in our primary energy per tonne of product against last year, and 26.5% over the last six years.
Table:
Category | Destination | FY19 |  | FY18 | 
 |  | Tonnes | % of production | Tonnes | % of production
 | Redistribution for human consumption | 950 | 0.3% | 791 | 0.2%
Waste avoided | Animal feed | 4,454 | 1.2% | 4,895 | 1.3%
 | Total | 5,404 | 1.5% | 5,686 | 1.5%
 | Co/Anaerobic digestion | 24,978 | 6.6% | 32,202 | 8.3%
Food waste | Controlled combustion | 1,650 | 0.4% | 1,964 | 0.5%
 | Sewer | 8,280 | 2.2% | 6,746 | 1.7%
 | Total | 34,908 | 9.2% | 40,912 | 10.5%


Question: What is the average redistribution for human consumption for FY18 and FY19?
Answer: 870.5
Calculation: (950 + 791) / 2
NOTES PAYABLE (continued)
All of these notes payable issued by the Group were unsecured.
On 1 April 2019, the Company updated the Global Medium Term Note Programme (the “Programme”) to include, among other things, the Company’s recent corporate and financial information and increased the limit of aggregate principal amount of the notes under the Programme from USD10 billion to USD20 billion (or its equivalent in other currencies).
On 11 April 2019, the Company issued five tranches of senior notes under the Programme with an aggregate principal amount of USD6 billion as set out below.
During the year ended 31 December 2019, the notes payable with an aggregate principal amount of USD2,000 million issued in April 2014 reached their maturity and were repaid in full by the Group.
As at 31 December 2019, the fair value of the notes payable amounted to RMB98,668 million (31 December 2018: RMB62,820 million). The respective fair values are assessed based on the active market price of these notes on the reporting date or by making reference to similar instruments traded in the observable market.
Table:
 | Amount (USD’Million) | Interest Rate (per annum) | Due
2024 Notes | 1,250 | 3.280% | 2024
2024 Floating Rate Notes | 750 | 3-month USD LIBOR + 0.910% | 2024
2026 Notes | 500 | 3.575% | 2026
2029 Notes | 3,000 | 3.975% | 2029
2049 Notes | 500 | 4.525% | 2049
 | 6,000 |  | 


Question: How many percent of the total notes payable is the 2024 Notes?
Answer: 20.83
Calculation: 1,250/6,000
Basic and Diluted Net Income Per Share
Basic net income per share is computed using net income divided by the weighted average number of shares of common stock
outstanding (“Weighted Shares”) for the period presented.
Diluted net income per share is computed using net income divided by Weighted Shares and the treasury stock method effect of common equivalent shares (“CESs”) outstanding for each period presented. In the following table, we present a reconciliation of earnings per share and the shares used in the computation of earnings per share for the years ended December 31, 2019, 2018 and 2017 (in thousands, except per share data):
common equivalent shares (“CESs”) outstanding for each period presented. In the following table, we present a reconciliation of
earnings per share and the shares used in the computation of earnings per share for the years ended December 31, 2019, 2018 and
2017 (in thousands, except per share data):
The number of anti-dilutive CESs in 2019, 2018 and 2017 was immaterial. See Note 2 for further information on those securities.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
 |  | (in thousands, except per share data)    | 
Net income    | $ 85,762 | $ 104,690 | $ 116,481
Earnings per share： |  |  | 
Basic    | $ 1.33 | $ 1.58 | $ 1.68
Effect of CESs      | (0.01 )    | - | -
Diluted    | $ 1.32 | $ 1.58 | $ 1.68
Weighted average number of shares: |  |  | 
Basic      | 64,397 | 66,201 | 69,175
Effect of CESs      | 706 | 233 | 249
Diluted      | 65,103 | 66,434 | 69,424


Question: What is the net income of 2019?
Answer: 85,762
Note 20 Trade payables and other liabilities
(1) Represents BCE’s obligation to repurchase the BCE Master Trust Fund’s (Master Trust Fund) 9% interest in MLSE at a price not less than an agreed minimum price should the Master Trust Fund exercise its put option. The obligation to repurchase is marked to market each reporting period and the gain or loss is recorded in Other expense in the income statements.
Table:
FOR THE YEAR ENDED DECEMBER 31 | NOTE | 2019 | 2018
Trade payables and accruals |  | 2,604 | 2,535
Compensation payable |  | 589 | 589
Maple Leaf Sports and Entertainment Ltd. (MLSE) financial liability (1) | 26 | 135 | 135
Taxes payable |  | 101 | 129
Derivative liabilities | 26 | 49 | 27
Severance and other costs payable |  | 35 | 63
Provisions | 23 | 33 | 66
CRTC tangible benefits obligation | 26 | 28 | 38
CRTC deferral account obligation | 26 | 13 | 16
Other current liabilities |  | 367 | 343
Total trade payables and other liabilities |  | 3,954 | 3,941


Question: What are the years that the context makes reference to?
Answer: 2018, 2019
Note 12 Restructuring Activities
For the year ended December 31, 2019, the Company incurred $41.9 million of restructuring charges and $60.3 million of other related costs for our restructuring program. These charges were primarily a result of restructuring and associated costs in connection with the Company’s Reinvent SEE strategy.
Our restructuring program (“Program”) is defined as the initiatives associated with our Reinvent SEE strategy in addition to the conclusion of our previously existing restructuring programs at the time of Reinvent SEE's approval. Reinvent SEE is a three-year program approved by the Board of Directors in December 2018. The expected spend in the previously existing program at the time of Reinvent SEE's approval was primarily related to elimination of stranded costs following the sale of Diversey. The Company expects restructuring activities to be completed by the end of 2021.
The Board of Directors has approved cumulative restructuring spend of $840 to $885 million for the Program. Restructuring spend is estimated to be incurred as follows:
(1) Total estimated cash cost excludes the impact of proceeds expected from the sale of property and equipment and foreign currency impact.
(2) Remaining restructuring spend primarily consists of restructuring costs associated with the Company’s Reinvent SEE strategy.
Additionally, the Company anticipates approximately $6.0 million restructuring spend related to recent acquisitions, of which $2.3 million was incurred as of December 31, 2019. The Company expects the remainder of the anticipated spend to be incurred in 2020. See Note 5, "Discontinued Operations, Divestitures and Acquisitions," to the Notes to Consolidated Financial Statements for additional information related to our acquisitions.
Table:
(in millions) | Total Restructuring program range | Total Restructuring program range | Less Cumulative Spend to Date | Remaining Restructuring Spend(2) | 
 | Low | High |  | Low | High
Costs of reduction in headcount as a result of reorganization | $ 355 | $ 370 | $ (325) | $ 30 | $ 45
Other expenses associated with the Program | 230 | 245 | (196) | 34 | 49
Total expense | 585 | 615 | (521) | 64 | 94
Capital expenditures | 255 | 270 | (239) | 16 | 31
Total estimated cash cost(1) | $ 840 | $ 885 | $ (760) | $ 80 | $ 125


Question: How much restructuring charges and other related costs for the restructuring program was incurred for the year ended December 31, 2019 respectively?
Answer: $41.9 million, $60.3 million
The majority of the Company's revenues are generated from U.S. government contracts, either as a prime contractor or as a subcontractor to other contractors. Revenues from the U.S. government can be adversely impacted by spending caps or changes in budgetary priorities of the U.S. government, as well as delays in program start dates or the award of a contract.
Disaggregated revenues by contract-type were as follows:
Table:
Year Ended January 3, 2020 |  |  |  | 
 | Defense Solutions | Civil | Health | Total
(in millions) |  |  |  | 
Cost-reimbursement and fixed-price-incentive-fee | $3,697 | $1,997 | $234 | $5,928
Firm-fixed-price | 1,203 | 1,075 | 1,296 | 3,574
Time-and-materials and fixed-price-level-of-effort | 466 | 564 | 444 | 1,474
Total | $5,366 | $3,636 | $1,974 | $10,976


Question: Where are the Company's majority revenues generated from?
Answer: U.S. government contracts, either as a prime contractor or as a subcontractor to other contractors.
Issuer Purchases of Equity Securities
The following shares of the Company were repurchased during the quarter ended June 30, 2019:
(1) 250,000 shares were purchased through a publicly announced repurchase plan. There were no shares surrendered to the Company to satisfy tax withholding obligations in connection with employee restricted stock awards.
(2) Total stock repurchase authorizations approved by the Company’s Board of Directors as of February 17, 2015 were for 30.0 million shares. These authorizations have no specific dollar or share price targets and no expiration dates.
Table:
 | Total Number of Shares Purchased (1) | Average Price of Share | Total Number of Shares Purchased as Part of Publicly Announced Plans (1) | Maximum Number of Shares that May Yet Be Purchased Under the Plans (2)
April 1 - April 30, 2019 | — | $— | — | 3,732,713
May 1 - May 31, 2019 | 250,000 | $134.35 | 250,000 | 3,482,713
June 1 - June 30, 2019 | — | $— | — | 3,482,713
Total | 250,000 | $134.35 | 250,000 | 3,482,713


Question: What are the maximum number of shares that may yet be purchased under the plans as at April 1 - April 30, 2019 and May 1 - May 31, 2019 respectively?
Answer: 3,732,713, 3,482,713