hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Option Exercises and Stock Vested in 2018
The following table sets forth the number of shares of common stock acquired during 2018 by our named executive officers upon the exercise of stock options or upon the vesting of RSUs or RSAs, as well as the value realized upon such equity award transactions.
(1) Calculated by multiplying (i) the fair market value of Class A common stock on the vesting date, which was determined using the closing price on the New York Stock Exchange of a share of Class A common stock on the date of vest, or if such day is a holiday, on the immediately preceding trading day less the option exercise price paid for such shares of common stock, by (ii) the number of shares of common stock acquired upon exercise.
(2) Reflects the aggregate number of shares of Class A common stock underlying RSUs and RSAs that vested in 2018. Of the amount shown for Messrs. Daswani and Murphy and Mses. Friar, Henry, Reses and Whiteley, 20,132, 6,741, 44,857, 59,014, 91,306 and 17,217 shares, respectively, of Class A common stock were withheld to cover tax withholding obligations upon vesting.
(3) Calculated by multiplying (i) the fair market value of Class A common stock on the vesting date, which was determined using the closing price on the New York Stock Exchange of a share of common stock on the date of vest, or if such day is a holiday, on the immediately preceding trading day, by (ii) the number of shares of common stock acquired upon vesting. Of the amount shown for Messrs. Daswani and Murphy and Mses. Friar, Henry, Reses and Whiteley, $1,389,704, $414,596, $2,782,628, $3,619,149, $5,502,076 and $1,114,287, respectively, represents the value of shares withheld to cover tax withholding obligations upon vesting.
Table:
 | Option Awards |  | Stock Awards | 
Name | Number of Shares Acquired on Exercise (#) | Number of Value Realized on Exercise ($)(1) | Shares Acquired on Vesting of RSUs and RSAs (#) (2) | Value Realized on Vesting of RSUs and RSAs ($) (3)
Mr. Dorsey | — | — | — | —
Ms. Friar | 1,082,343 | 54,631,297 | 95,889 | 5,788,657
Ms. Henry | 200,000 | 13,187,645 | 124,498 | 7,475,787
Ms. Reses | — | — | 189,577 | 11,284,454
Ms. Whiteley | 20,625 | 989,821 | 38,156 | 2,375,984
Mr. Daswani | — | — | 45,310 | 3,106,268
Mr. Murphy | — | — | 18,024 | 1,120,072


Question: What is the difference between the largest and smallest Value Realized on Vesting of RSUs and RSAs?
Answer: 10164382
Calculation: 11,284,454 - 1,120,072
Disaggregation of Revenues
The Company serves customers in diverse geographies, which are subject to different economic and industry factors. The Company's presentation of revenue by geography most reasonably depicts how the nature, amount, timing and uncertainty of Company revenue and cash flows are affected by economic and industry factors. The following table presents the Company's revenue, from continuing operations, by geography for the year ended December 31, 2019, 2018 and 2017 (in millions):
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Net sales: |  |  | 
United States | $901.3 | $854.6 | $759.4
Canada | 45.6 | 42.3 | 32.4
Consolidated | $946.9 | $896.9 | $791.8


Question: What is the percentage change in the company's revenue from continuing operations between 2018 and 2019?
Answer: 5.57
Calculation: (946.9 - 896.9)/896.9
FY19 EAIP Payout Results:
(1) Calculated in FY19 plan exchange rates and excludes stock-based compensation expense, charges related to the amortization of intangible assets, restructuring, separation, transition and other related expenses, contract liabilities fair value adjustment, acquisition-related costs and certain litigation settlement gains.
(2) Calculated in FY19 plan exchange rates and excludes contract liabilities fair value adjustment.
Table:
Weighted Average Company Performance Funding |  |  |  |  | 
Company Performance Metric | Target ($) (millions) | Threshold ($)(millions) | Actual ($) (millions) | Threshold Funding (%) | Funding (%)
Non-GAAP Operating Income | 1,630 | 1,428 | 1,427(1) | 40 | 0.0
Non-GAAP Revenue | 4,943 | 4,760 | 4,804(2) | 40 | 71.2
FY19 Funding | . | . | . | . | 35.6


Question: What are the units used for money in this table?
Answer: millions
Fees Billed by Ernst & Young LLP
The table below shows the fees billed by EY for audit and other services provided to the Company in fiscal years 2019 and 2018.
Figure 48. FY2019/2018 Fees Billed by Ernst & Young LLP
(1) Audit Fees represent fees for professional services provided in connection with the audits of annual financial statements. Audit Fees also include reviews of quarterly financial statements, audit services related to other statutory or regulatory filings or engagements, and fees related to EY’s audit of the effectiveness of the Company’s internal control over financial reporting pursuant to section 404 of the Sarbanes-Oxley Act.
(2) Audit-Related Fees represent fees for assurance and related services that are reasonably related to the audit or review of the Company’s financial statements and are not reported above under “Audit Fees”. These fees principally include due diligence and accounting consultation fees in connection with our acquisition of Coventor, Inc. in 2018 and an information systems audit in 2019.
(3) Tax Fees represent fees for professional services for tax planning, tax compliance and review services related to foreign tax compliance and assistance with tax audits and appeals.
The audit committee reviewed summaries of the services provided by EY and the related fees during fiscal year 2019 and has determined that the provision of non-audit services was compatible with maintaining the independence of EY as the Company’s independent registered public accounting firm. The audit committee or its delegate approved 100% of the services and related fee amounts for services provided by EY during fiscal year 2019.
Table:
 | Fiscal Year 2019 ($) | Fiscal Year 2018 ($)
AuditFees(1) | 4,703,830 | 4,605,495
Audit-RelatedFees(2) | 27,000 | 90,500
TaxFees(3) | 194,170 | 34,888
AllOtherFees | — | —
TOTAL | 4,925,000 | 4,730,883


Question: What do the the audit fees represent?
Answer: fees for professional services provided in connection with the audits of annual financial statements
Fiscal Year Ended 2019 and 2018 Revenues
* Adjusted IFRS balances to reflect the impact of the full retrospective adoption of IFRS 15. See Note 2 of the notes to our consolidated financial statements for further details.
Total revenues increased $329.1 million, or 37%, in the fiscal year ended June 30, 2019 compared to the fiscal year ended June 30, 2018. Growth in total revenues was attributable to increased demand for our products from both new and existing customers. Of total revenues recognized in the fiscal year ended June 30, 2019, over 90% was attributable to sales to customer accounts existing on or before June 30, 2018. Our number of total customers increased to 152,727 at June 30, 2019 from 125,796 at June 30, 2018.
Subscription revenues increased $223.3 million, or 54%, in the fiscal year ended June 30, 2019 compared to the fiscal year ended June 30, 2018. The increase in subscription revenues was primarily attributable to additional subscriptions from our existing customer base. As customers increasingly adopt cloud-based, subscription services and term-based licenses of our Data Center products for their business needs, we expect our subscription revenues to continue to increase at a rate higher than the rate of increase of our perpetual license revenues in future periods.
Maintenance revenues increased $68.0 million, or 21%, in the fiscal year ended June 30, 2019 compared to the fiscal year ended June 30, 2018. The increase in maintenance revenues was primarily attributable to growing renewal of software maintenance contracts from our customers related to our perpetual license software offerings.
Perpetual license revenues increased $10.4 million, or 13%, in the fiscal year ended June 30, 2019 compared to the fiscal year ended June 30, 2018. A substantial majority of the increase in perpetual license revenues was attributable to additional licenses to existing customers.
Other revenues increased $27.5 million, or 45%, in the fiscal year ended June 30, 2019 compared to the fiscal year ended June 30, 2018. The increase in other revenues was primarily attributable to an increase in revenue from sales of third-party apps through our Atlassian Marketplace.
Table:
 | Fiscal Year Ended June 30, |  |  | 
 | 2019 | 2018 | $ Change | % Change
 |  | (U.S. $ in thousands) |  | 
 |  | *As Adjusted |  | 
Subscription | $633,950 | $410,694 | $223,256 | 54%
Maintenance | 394,526 | 326,511 | 68,015 | 21
Perpetual license | 93,593 | 83,171 | 10,422 | 13
Other | 88,058 | 60,602 | 27,456 | 45
Total revenues | $1,210,127 | $880,978 | $329,149 | 37


Question: For fiscal year ended 2019, what is the difference in subscription revenue and maintenance revenue?
Answer: 239424
Calculation: 633,950-394,526
(11) Other Non-Current Assets
Other non-current assets consist of the following (in millions):
Table:
 | December 31, | 
 | 2019 | 2018
Property records database | $60.1 | $59.9
Contract assets | 37.8 | 17.0
Right-of-use assets | 26.4 | —
Deferred compensation plan related assets | 15.2 | 11.1
Unbilled receivables | 3.5 | 5.0
Prepaid expenses | 8.1 | 18.3
Unrealized gains on interest rate swaps | — | 6.2
Other | 7.7 | 4.3
Other non-current assets | $158.8 | $121.8


Question: What was the percentage change in the total other non-current assets between 2018 and 2019?
Answer: 30.38
Calculation: (158.8-121.8)/121.8
The breakout of product and service revenues was as follows:
Our product revenues increased $158.1 million, or 9%, in 2019 from 2018 primarily due to higher sales in Semiconductor Test of testers for 5G infrastructure and image sensors, higher sales in Storage Test of 3.5” hard disk drive testers, and higher demand in Industrial Automation, partially offset by a decrease in sales in Semiconductor Test automotive and analog test segments. Service revenues increased $36.1 million or 10%.
In 2019 and 2018, no single direct customer accounted for more than 10% of our consolidated revenues. In 2019 and 2018, our five largest direct customers in aggregate accounted for 27% and 27% of our consolidated revenues, respectively.
We estimate consolidated revenues driven by Huawei Technologies Co. Ltd. (“Huawei”), combining direct sales to that customer with sales to the customer’s OSATs, accounted for approximately 11% and 4% of our consolidated revenues in 2019 and 2018, respectively. We estimate consolidated revenues driven by another OEM customer, combining direct sales to that customer with sales to the customer’s OSATs, accounted for approximately 10% and 13% of our consolidated revenues in 2019 and 2018, respectively.
Table:
 | 2019 | 2018 | 2018-2019 Dollar Change
 |  | (in millions) | 
Products revenues | $1,887.7 | $1,729.6 | $158.1
Services revenues | 407.3 | 371.2 | 36.1
 | $2,295.0 | $2,100.8 | $194.2


Question: In which year was the amount of services revenues larger?
Answer: 2019
Calculation: 407.3>371.2
Short-Term Debt
The weighted-average interest rate for commercial paper at December 31, 2019 and 2018 was 1.6 percent and 2.5 percent, respectively. The weighted-average interest rates for short-term loans were 6.1 percent and 4.3 percent at December 31, 2019 and 2018, respectively.
Table:
($ in millions) |  | 
At December 31: | 2019 | 2018
Commercial paper | $  304 | $ 2,995
Short-term loans | 971 | 161
Long-term debt—current maturities | 7,522 | 7,051
Total | $8,797 | $10,207


Question: What was the average Long-term debt—current maturities?
Answer: 7286.5
Calculation: (7,522 + 7,051) / 2
Free cash flow
The Free cash flow for the Industrial Businesses amounted to €8,000 millions, resulting in a cash conversation rate of 0.89.
Beginning with fiscal 2020, Siemens adopts IFRS 16, Leases, applying
the modified retrospective approach as described in more detail in NOTE 2 in B.6 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS. As a result, the shift of lease payments from cash flows from operating activities to cash flows from financing activities will have a positive effect on Free cash flow.
With our ability to generate positive operating cash flows, our total liquidity (defined as cash and cash equivalents plus current interest-bearing debt securities) of €13.7 billion, our unused lines of credit, and our credit ratings at year-end, we believe that we have sufficient flexibility to fund our capital requirements. Also in our opinion, our operating net working capital is sufficient for our present requirements.
Table:
 |  |  | Fiscal Year 2019
(in millions of €) | Continuing operations | Discontinued operations | Continuing and discontinued operations
Cash flows from operating activities | 8,482 | (27) | 8,456
Additions to intangible assets and property, plant and equipment | (2,610) | − | (2,610)
Free cash flow | 5,872 | (27) | 5,845


Question: What percentage increase / (decrease) is Free cash flow in continuing operations compared to discontinued operations?
Answer: 218.48
Calculation: - (5,872 / -27 - 1)
Cash Flows
The following table summarizes our cash flows for the years ended December 31, 2019, 2018 and 2017 (in thousands):
At December 31, 2019, $6.7 million of the $539.7 million of cash, cash equivalents and restricted cash was held by foreign subsidiaries. Our intention is to indefinitely reinvest foreign earnings in our foreign subsidiaries. If these earnings were used to fund domestic operations, they would be subject to additional income taxes upon repatriation.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Cash, cash equivalents and restricted cash at beginning of period | $60,068 | $103,051 | $60,765
Cash provided by operating activities | 10,317 | 3,295 | 4,863
Cash used in investing activities | (24,574) | (48,413) | (70,972)
Cash provided by financing activities | 494,101 | 3,099 | 108,475
Effects of exchange rates on cash, cash equivalents and restricted cash | (250) | (964) | (80)
Cash, cash equivalents and restricted cash at end of period | $539,662 | $60,068 | $103,051


Question: What would happen if earnings were used to fund domestic operations?
Answer: subject to additional income taxes upon repatriation.
7. OTHER BALANCE SHEET AMOUNTS
The components of property and equipment, net is as follows (in thousands):
Depreciation expense for the years ended December 31, 2019, 2018, and 2017 was $11.8 million, $10.2 million, and $10.3 million, respectively.
Table:
 |  | December 31, | 
 | Useful Life | 2019 | 2018
Computer equipment and software | 3 – 5 years | $57,474 | $52,055
Furniture and fixtures | 7 years | 6,096 | 4,367
Leasehold improvements | 2 – 6 years | 22,800 | 9,987
Renovation in progress | n/a | 8 | 1,984
Build-to-suit property | 25 years | — | 51,058
Total property and equipment, gross |  | 86,378 | 119,451
Less: accumulated depreciation and amortization |  | (49,852) | (42,197)
Total property and equipment, net |  | $36,526 | $77,254


Question: What percentage of total property and equipment, gross consist of leasehold improvements in 2018?
Answer: 8.36
Calculation: (9,987/119,451)
2. Other operating income
Gains from the disposal of fixed assets and gains from the reversal of impairment losses includes €354 million of income from the disposal of real estates (2017/18: €137 million) and €5 million of income from reversal of impairment losses (2017/18: €4 million). Project developments and sale-and-leaseback transactions contributed to the real estate transactions.
The income from logistics services provided by METRO LOGISTICS to companies intended for disposal and non-group companies is offset by expenses from logistics services, which are reported under other operating expenses.
The other operating income includes cost allocations and cost shares as well as a great number of insignificant individual items.
Disclosures on companies intended for sale can be found under no. 43 – discontinued business sectors page 266 .
Table:
€ million | 2017/2018 | 2018/2019
Gains from the disposal of fixed assets and gains from the reversal of impairment losses | 145 | 360
Income from logistics services | 285 | 257
Services | 251 | 250
Rents incl. reimbursements of subsidiary rental costs | 268 | 236
Services rendered to suppliers | 111 | 103
Miscellaneous | 211 | 198
 | 1,271 | 1,405


Question: What are the components of Gains from the disposal of fixed assets and gains from the reversal of impairment losses?
Answer: income from the disposal of real estates, income from reversal of impairment losses
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: What is the average Operating income?
Answer: 3.83
Calculation: (4.4+3.8+3.3) / 3
The defined benefit pension plan utilizes various investment securities. Generally, investment securities are exposed to various risks, such as interest rate risks, credit risk, and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur and that such changes could materially affect the amounts reported.
The following table presents the Company’s target for the allocation of invested defined benefit pension plan assets at June 30, 2019 and June 30, 2018:
Table:
 | As of June 30 | 
 | 2019 | 2018
Fixed income | 40% | 40%
Equities | 55% | 55%
Other | 5% | 5%
Total | 100% | 100%


Question: What was the proportion of equities to fixed income for 2018?
Answer: 137.5
Calculation: 55%/40%
The provision for income taxes differed from the provision computed by applying the Federal statutory rate to income (loss) from continuing operations before taxes due to the following:
The effective income tax rate was 18.9% and (141.8)% during the years ended December 31, 2019 and December 31, 2018, respectively. The decrease in 2019 compared to statutory tax rate of 21% was primarily due to deferred tax adjustments related to foreign tax credit carryforwards and state taxes, offset by changes in the valuation allowance and excess tax benefits resulting from the exercise of non-qualified stock options.
The effective tax rate for the year ended December 31,2018 was significantly impacted by recording a substantial increase in a valuation allowance on the entire deferred tax assets.
Table:
 | Year ended December 31, | 
 | 2019 | 2018
Federal statutory tax rate | 21.0% | 21.0%
State taxes | (4.5) | 4.4
Non deductible expenses | (0.3) | (0.6)
Tax credits | 4.0 | 4.6
Expired tax credit | (1.3) | (3.9)
Deferred tax adjustment | (4.8) | —
Stock based compensation | 1.9 | 0.8
Valuation allowance | 3.2 | (167.0)
Contingent purchase revaluation | — | (1.0)
Other | (0.3) | (0.1)
 | 18.9% | (141.8)%


Question: What is the change in Non deductible expenses between December 31, 2018 and 2019?
Answer: -0.3
Calculation: 0.3-0.6
The following is a summary of stock option activity during fiscal 2019:
Net income before income taxes included compensation expense related to the amortization of the Company’s stock option awards of $0.1 million during both fiscal 2019 and fiscal 2018. At September 2019, total unamortized compensation expense related to stock options was approximately $0.3 million. This unamortized compensation expense is expected to be amortized over approximately the next 38 months.
The aggregate intrinsic value of stock options exercisable was approximately $0.2 million and $0.3 million at September 2019 and September 2018, respectively.
The total intrinsic value of stock options exercised was $0.1 million in both fiscal 2019 and fiscal 2018. The total fair value of stock options vested was $0.4 million during both fiscal 2019 and fiscal 2018.
Table:
 | Number of Shares | Weighted Average Exercise Price
Outstanding at September 2018 | 33,800 | $  77.85
Granted | 5,450 | 84.00
Exercised | (2,800) | 79.22
Forfeited/Expired | — | —
Outstanding at September 2019 | 36,450 | $  78.67


Question: What is the difference in the total number of shares outstanding between 2018 and 2019?
Answer: 2650
Calculation: 36,450-33,800
Accounts Receivable Allowances
Accounts receivable allowances reflect our best estimate of probable losses inherent in our accounts receivable balances, including both losses for uncollectible accounts receivable and sales returns. We regularly review allowances by considering factors such as historical experience, credit quality, the age of the accounts receivable balances and current economic conditions that may affect a customer’s ability to pay.
Activity in accounts receivable allowance is as follows (in thousands):
Table:
 |  | Fiscal | 
 | 2019 | 2018 | 2017
Beginning balance | $4,568 | $6,890 | $2,420
Additions charged to expenses | 5,210 | 1,980 | 4,190
Accruals related to acquisitions | — | 37 | 4,390
Deductions from reserves | (1,088) | (4,339) | (4,110)
Ending balance | $8,690 | $4,568 | $6,890


Question: What was the change in Ending balance in 2019 from 2018?
Answer: 4122
Calculation: 8,690-4,568