hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Deferred income taxes reflect the net tax effects of temporary differences between the amounts of assets and liabilities for accounting purposes and the amounts used for income tax purposes. The components of the net deferred tax assets (liabilities) are as follows (amounts in millions):
As of December 31, 2019, we had gross tax credit carryforwards of $191 million for state purposes. The tax credit carryforwards are included in Deferred tax assets net of unrealized tax benefits that would apply upon the realization of uncertain tax positions. In addition, we had foreign NOL carryforwards of $32 million at December 31, 2019, attributed mainly to losses in France which can be carried forward indefinitely.
We evaluate deferred tax assets each period for recoverability. We record a valuation allowance for assets that do not meet the threshold of “more likely than not” to be realized in the future. To make that determination, we evaluate the likelihood of realization based on the weight of all positive and negative evidence available. As a result of the Closing Agreement, we received in 2018, we determined at that time that our remaining California research and development credit carryforwards (“CA R&D Credit”) no longer met the threshold of more likely than not to be realized in the future. As such, consistent with our position at December 31, 2018, we have established a full valuation allowance against our CA R&D Credit. For the year ended December 31, 2019, the valuation allowance related to our CA R&D Credit is $71 million. We will reassess this determination quarterly and record a tax benefit if and when future evidence allows for a partial or full release of this valuation allowance.
As of December 31, 2017, we no longer consider the available cash balances related to undistributed earnings held outside of the U.S. by our foreign subsidiaries to be indefinitely reinvested.
Table:
, | As of December 31, | 
 | 2019 | 2018
Deferred tax assets: |  | 
Allowance for sales returns and price protection | $19 | $25
Accrued expenses | 28 | 26
Deferred revenue | 119 | 136
Tax attributes carryforwards | 93 | 81
Share-based compensation | 54 | 69
Intangibles | 1,289 | 43
U.S. deferred taxes on foreign earnings | — | 318
Capitalized software development expenses | 67 | —
Other | 109 | 28
Deferred tax assets | 1,778 | 726
Valuation allowance | (181) | (61)
Deferred tax assets, net of valuation allowance | 1,597 | 665
Deferred tax liabilities: |  | 
Intangibles | (142) | (140)
Capitalized software development expenses | — | (57)
U.S. deferred taxes on foreign earnings | (594) | —
Other | (73) | (26)
Deferred tax liabilities | (809) | (223)
Net deferred tax assets | $788 | $442


Question: What was the percentage change in intangibles between 2018 and 2019?
Answer: 2897.67
Calculation: (1,289-43)/43
Section D: People
This section provides information about our employee benefit obligations, including annual leave, long service leave and post-employment benefits. It also includes details about our share plans and the compensation paid to Key Management Personnel.
15. EMPLOYEE BENEFITS.
1. Included within current provisions in the statement of financial position.
2. Included within non-current provisions in the statement of financial position.
Employee benefits liability
Employee benefits liability represents amounts provided for annual leave and long service leave. The current portion for this provision includes the total amount accrued for annual leave entitlements and the amounts accrued for long service leave entitlements that have vested due to employees having completed the required period of service.
Based on past experience, the Group does not expect the full amount of annual leave or long service leave balances classified as current liabilities to be settled within the next 12 months. These amounts are presented as current liabilities since the Group does not have an unconditional right to defer the settlement of these amounts in the event employees wish to use their leave entitlement.
Table:
 | 2019 | 2018
 | $’000 | $’000
Current employee benefits1 | 13,859 | 12,710
Non-current employee benefits2 | 189 | 675
Total employee benefits liability | 14,048 | 13,385


Question: How much was the current employee benefits in 2019?
Answer: 13,859
Note 11. Share-Based Compensation
A summary of share-based compensation expense recognized in the Company’s Consolidated Statements of Operations is as follows (in thousands):
Table:
 |  | Year ended December 31, | 
 | 2019 | 2018 | 2017
Cost of revenues | $8,741 | $4,982 | $3,735
Research and development | 23,132 | 14,975 | 9,550
Sales and marketing | 38,325 | 27,324 | 16,015
General and administrative | 31,156 | 20,807 | 12,760
Total share-based compensation expense | $101,354 | 68,088 | 42,060


Question: What is the percentage change in share-based compensation for sales and marketing between 2018 and 2019?
Answer: 49.74
Calculation: (31,156 - 20,807)/20,807
The reconciliation of the Company’s effective tax rate to the statutory federal rate is as follows:
(1) For the years ended December 31, 2019 and December 31, 2018, this is inclusive of (3.4%) and (3.8%) impact, respectively, that is primarily related to the change in uncertain tax positions.
For 2019, the Company recorded an expense for income taxes of $11.6 million, resulting in an effective tax rate of (3.8)%. The effective tax rate is different than the U.S. statutory federal tax rate primarily due to stock-based compensation expense following the decision in Altera Corp v. Commissioner by the U.S. Court of Appeals for the Ninth Circuit discussed below, the full valuation allowance on the Company's U.S. deferred tax assets, the mix of income/losses among the Company’s foreign jurisdictions, and pretax losses in jurisdictions for which no tax benefit will be recognized.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Tax at federal statutory rate | 21.0 % | 21.0 % | 35.0 %
State taxes, net of federal effect | (0.3) | (0.1) | (5.4)
Foreign rate differential | (6.0) | (3.9) | (9.3)
Tax credits | 1.6 | 6.3 | 4.1
Domestic production activities deduction | — | — | (3.5)
Stock-based compensation | (1.0) | (4.9) | (5.3)
Change in prior year reserves | (1.5) | (0.1) | (2.0)
Change in valuation allowance | (13.4) | (15.2) | (35.2)
Effect of change in tax rate due to Tax Act | — | — | (23.4)
Other (1) | (4.2) | (4.0) | 2.6
Effective tax rate | (3.8)% | (0.9)% | (42.4)%


Question: What is the income tax expense for 2019?
Answer: $11.6 million
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: In which years were the accounts receivable allowances provided in the table?
Answer: 2019, 2018, 2017
celanese purchases of its equity securities information regarding repurchases of our common stock during the three months ended december 31 , 2014 is as follows : period number of shares purchased ( 1 ) average price paid per share total number of shares purchased as part of publicly announced program approximate dollar value of shares remaining that may be purchased under the program ( 2 ) .

Table:
period | totalnumberof sharespurchased ( 1 ) | averageprice paidper share | total numberof sharespurchased aspart of publiclyannounced program | approximatedollarvalue of sharesremaining thatmay bepurchased underthe program ( 2 )
october 1 - 31 2014 | 192580 | $ 58.02 | 164800 | $ 490000000
november 1 - 30 2014 | 468128 | $ 59.25 | 468128 | $ 463000000
december 1 - 31 2014 | 199796 | $ 60.78 | 190259 | $ 451000000
total | 860504 |  | 823187 | 
___________________________ ( 1 ) includes 27780 and 9537 for october and december 2014 , respectively , related to shares withheld from employees to cover their statutory minimum withholding requirements for personal income taxes related to the vesting of restricted stock units .
( 2 ) our board of directors has authorized the aggregate repurchase of $ 1.4 billion of our common stock since february 2008 .
see note 17 - stockholders' equity in the accompanying consolidated financial statements for further information .
performance graph the following performance graph and related information shall not be deemed "soliciting material" or to be "filed" with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that we specifically incorporate it by reference into such filing .
comparison of cumulative total return .

Question: in 2014 for the period october 1 - 31 2014 what was the ratio of the shares purchased as part of publicly announced program to the total number of shares purchased
Answer: 0.86
Calculation: divide(164800, 192580)
Non-GAAP Integration and Transformation Costs and Special Items
(UNAUDITED)
($ in millions)
(1) Includes $18 million of hardware impairment for Q3 2018 and $15 million of content commitment impairment and $27 million of hardware, software and internal labor impairment in Q1 2018.
(2) Includes $55 million of restructuring reserve impairment for Q2 2018.
(3) Reference to pro forma figures assume the Level 3 acquisition and the colocation and data center sale took place on January 1, 2017.
Table:
 |  |  | Pro Forma (3)
Integration and Transformation Costs and Special Items Impacting Adjusted EBITDA | 2019 | 2018 | 2017
Consumer litigation settlement | $65 | 0 | 0
Loss on sale of data centers and colocation business | 0 | 0 | 82
OTT/Stream impairment of content commitment and hardware, software, and internal labor(1) | 0 | 60 | 0
Total special items impacting Adjusted EBITDA | 65 | 60 | 82
Plus: integration and transformation costs impacting Adjusted EBITDA (2) | 234 | 378 | 164
Plus: transaction related expenses impacting Adjusted EBTIDA | 0 | 0 | 192
Total integration and transformation costs and special items impacting Adjusted EBITDA | $299 | 438 | 438


Question: What is the change in total special items impacting adjusted EBITDA between 2018 and 2019?
Answer: 5
Calculation: $65-$60
C. Remuneration to Key Managerial Personnel other than MD / Manager / WTD
Note: For more information, please refer to the Corporate Governance Report.
Table:
Particulars of Remuneration | Key Managerial Personnel |  | 
 | Ramakrishnan V Chief Financial Officer | Rajendra Moholkar Company Secretary | Total
1. Gross salary |  |  | 
(a) Salary as per provisions contained in Section 17(1) of the Income-tax Act, 1961 | 72.06 | 21.66 | 93.72
(b) Value of perquisites u/s 17(2) of the Income-tax Act, 1961 | 43.54 | 1.20 | 44.74
(c) Profits in lieu of salary under Section 17(3) of the Income-tax Act, 1961 | - | - | -
2. Stock Option | - | - | -
3. Sweat Equity | - | - | -
4. Commission | - | - | -
as % of profit | - | - | -
5. Others, Allowances | 297.47 | 117.29 | 414.76
Total | 413.07 | 140.15 | 553.22


Question: Who has a higher gross salary?
Answer: Ramakrishnan V Chief Financial Officer
federal realty investment trust schedule iii summary of real estate and accumulated depreciation 2014continued three years ended december 31 , 2009 reconciliation of accumulated depreciation and amortization ( in thousands ) .

Table:
balance december 31 2006 | $ 740507
additions during period 2014depreciation and amortization expense | 96454
deductions during period 2014disposition and retirements of property | -80258 ( 80258 )
balance december 31 2007 | 756703
additions during period 2014depreciation and amortization expense | 101321
deductions during period 2014disposition and retirements of property | -11766 ( 11766 )
balance december 31 2008 | 846258
additions during period 2014depreciation and amortization expense | 103.698
deductions during period 2014disposition and retirements of property | -11869 ( 11869 )
balance december 31 2009 | $ 938087
.

Question: considering the years 2006-2009 , what is the value of the average additions?
Answer: 100491
Calculation: add(96454, 101321), multiply(const_1000, 103.698), add(#0, #1), divide(#2, const_3)
Non-Operating Income, net: Non-operating income, net consists primarily of interest income, net foreign currency exchange losses, the noncontrolling interests in the net profits of our majority-owned subsidiaries (primarily Oracle Financial Services Software Limited and Oracle Corporation Japan) and net other income, including net recognized gains and losses related to all of our investments, net unrealized gains and losses related to the small portion of our investment portfolio related to our deferred compensation plan, net unrealized gains and losses related to certain equity securities and non-service net periodic pension income (losses).
On a constant currency basis, our non-operating income, net decreased in fiscal 2019 compared to fiscal 2018 primarily due to decreases in other income, net in fiscal 2019 , which was primarily attributable to realized gains on the sale of certa in marketable securities during fiscal 2018 , and lower interest income in fiscal 2019 primarily due to lower average cash, cash equivalent and marketable securities balances during fiscal 2019 .
Table:
 |  |  | Year Ended May 31, | 
 |  |  | Percent Change | 
(Dollars in millions) | 2019 | Actual | Constant | 2018
Interest income | $1,092 | -9% | -9% | $1,203
Foreign currency losses, net | (111) | 50% | 62% | (74)
Noncontrolling interests in income | (152) | 12% | 12% | (135)
Other income, net | (14) | -107% | -42% | 191
Total non-operating income, net | $815 | -31% | -31% | $1,185


Question: What is included in non-operating income?
Answer: Non-operating income, net consists primarily of interest income, net foreign currency exchange losses, the noncontrolling interests in the net profits of our majority-owned subsidiaries (primarily Oracle Financial Services Software Limited and Oracle Corporation Japan) and net other income, including net recognized gains and losses related to all of our investments, net unrealized gains and losses related to the small portion of our investment portfolio related to our deferred compensation plan, net unrealized gains and losses related to certain equity securities and non-service net periodic pension income (losses).
Results of Operations: Year Ended December 31, 2019, versus Year Ended December 31, 2018 (Amounts in thousands, except percentages and per share amounts):
Other income and expense items are summarized in the following table:
Interest expense increased mainly as a result of an increase in debt related to the QTI acquisition. Other expense in 2019 was principally driven by foreign currency translation losses, mainly due to the appreciation of the U.S. Dollar compared to the Chinese Renminbi and Euro, as well as an increase in pension expense.
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Interest expense | $(2,648) | $(2,085)
Interest income | 1,737 | 1,826
Other (expense) income | (2,638) | (2,676)
Total other (expense) income, net | $(3,549) | $(2,935)


Question: What was the change in Other (expense) income between 2018 and 2019?
Answer: 38
Calculation: -2,638-(-2,676)
Performance
Free Cash Flow was £54.9m in FY19 compared to £92.4m in FY18, the decrease primarily reflecting the impact of US cash flows. This represents a conversion rate of 36% of Adjusted EBITDA (FY18: 45%). Excluding the US cash flows, Free Cash Flow Conversion increased to 47% from 33% in FY18, driven by improved EBITDA, lower working capital outflows, lower interest costs and lower exceptional cashflows.
Several other factors had a specific impact on cash flow during FY19. These included the effects of the disposal of the US business and associated capital restructuring, as well as the timing of dividend payments.
Net Debt decreased to £288.5m from £501.1m at the end of FY18. The Group’s Net Debt:EBITDA leverage as measured under financing agreements was 1.8x at year end. This compared to 1.9x at the end of March 2019 and 2.3x at the end of September 2018. This outturn includes the increased debt associated with the Freshtime acquisition completed in early September 2019. As at 27 September 2019, the Group had committed facilities of £506m with a weighted average maturity of 4.0 years.
ROIC was 14.4% for the 12 months ended 27 September 2019, compared to 15.6% for the 12 months ended 28 September 2018. The reduction was primarily driven by increased investment, in particular the timing of the acquisition of Freshtime and was so impacted by an increased tax rate.
Table:
 | FY19 £m | FY18 £m | Change (As reported)
Free Cash Flow | 54.9 | 92.4 | -£37.5m
Net Debt | 288.5 | 501.1 | 
Net Debt:EBITDA as per financing agreements | 1.8x | 2.3x | 
ROIC | 14.4% | 15.6% | -120bps


Question: What factors had a specific impact on cash flow during FY19?
Answer: the effects of the disposal of the US business and associated capital restructuring, as well as the timing of dividend payments.
Other income, net
The components of other income, net from continuing operations for the years ended December 31 are as follows:
In 2018, we recorded a $0.5 million adjustment to decrease the fair value of the Company's contingent consideration related to the Brink Acquisition. Also, during 2019 and 2018, the Company incurred a net loss on rental contracts of approximately $1.0 million and $0.9 million, respectively.
Table:
 | Year ended December 31 (in thousands) | 
 | 2019 | 2018
Foreign currency loss | $(83) | $(258)
Rental loss-net | (996) | (865)
Gain on sale of real estate | — | 649
Fair value adjustment contingent consideration | — | 450
Other | (424) | 330
Other income, net | $(1,503) | $306


Question: How much was the net loss on rental contracts during 2019?
Answer: approximately $1.0 million
Value-at-Risk (VaR)
We employ various tools to monitor our derivative risk, including value-at-risk ("VaR") models. We perform simulations using historical data to estimate potential losses in the fair value of current derivative positions. We use price and volatility information for the prior 90 days in the calculation of VaR that is used to monitor our daily risk. The purpose of this measurement 45 is to provide a single view of the potential risk of loss associated with derivative positions at a given point in time based on recent changes in market prices. Our model uses a 95% confidence level. Accordingly, in any given one-day time period, losses greater than the amounts included in the table below are expected to occur only 5% of the time. We include commodity swaps, futures, and options and foreign exchange forwards, swaps, and options in this calculation. The following table provides an overview of our average daily VaR for our energy, agriculture, and foreign exchange positions for fiscal 2019 and 2018.
Table:
 | Fair Value Impact | 
In Millions | Average During the Fiscal Year Ended May 26, 2019 | Average During the Fiscal Year Ended May 27, 2018
Processing Activities |  | 
Energy commodities | $0.4 | $0.2
Agriculture commodities | 0.4 | 0.4
Other commodities | 0.1 | —
Foreign exchange | 0.7 | 0.7


Question: What is the average fair value impact of all processing activities in the fiscal year 2018?
Answer: 0.33
Calculation: (0.2+0.4+0.7)/4
(a) EBITDA is calculated as operating profit less interest income and other gains/losses, net and adding back depreciation of property, plant and equipment, investment properties as well as right-of-use assets, and amortisation of intangible assets. Adjusted EBITDA is calculated as EBITDA plus equity-settled share-based compensation expenses.
(b) Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by revenues.
(c) Net debt represents period end balance and is calculated as cash and cash equivalents, plus term deposits and others, minus borrowings and notes payable.
(d) Capital expenditures consist of additions (excluding business combinations) to property, plant and equipment, construction in progress, investment properties, land use rights and intangible assets (excluding video and music contents, game licences and other contents).
Table:
 | Unaudited |  |  |  | 
 | Three months ended |  |  | Year ended | 
 | 31 December | 30 September | 31 December | 31 December | 31 December
 | 2019 | 2019 | 2018 | 2019 | 2018
 | (RMB in millions, unless specified) |  |  |  | 
EBITDA (a) | 35,675 | 35,378 | 27,180 | 137,268 | 110,404
Adjusted EBITDA (a) | 38,572 | 38,123 | 29,701 | 147,395 | 118,273
Adjusted EBITDA margin (b) | 36% | 39% | 35% | 39% | 38%
Interest and related expenses | 2,348 | 2,086 | 1,345 | 7,690 | 4,898
Net debt (c) | (15,552) | (7,173) | (12,170) | (15,552) | (12,170)
Capital expenditures (d) | 16,869 | 6,632 | 4,564 | 32,369 | 23,941


Question: What is the difference between EBITDA and adjusted EBITDA for three months ended 30 September 2019?
Answer: 2745
Calculation: 38,123-35,378
The failed-sale-leaseback accounting treatment had the following effects on our consolidated results of operations for the years ended December 31, 2018 and 2017:
After factoring in the costs to sell the data centers and colocation business, excluding the impact from the failed-sale-leaseback accounting treatment, the sale resulted in a $20 million gain as a result of the aggregate value of the proceeds we received exceeding the carrying value of the assets sold and liabilities assumed. Based on the fair market values of the failed-sale-leaseback assets, the failed-sale-leaseback accounting treatment resulted in a loss of $102 million as a result of the requirement to treat a certain amount of the pre-tax cash proceeds from the sale of the assets as though it were the result of a financing obligation. The combined net loss of $82 million was included in selling, general and administrative expenses in our consolidated statement of operations for the year ended December 31, 2017.
Effective November 3, 2016, which is the date we entered into the agreement to sell a portion of our data centers and colocation business, we ceased recording depreciation of the property, plant and equipment to be sold and amortization of the business’s intangible assets in accordance with applicable accounting rules. Otherwise, we estimate that we would have recorded additional depreciation and amortization expense of $67 million from January 1, 2017 through May 1, 2017.
Upon adopting ASU 2016-02, accounting for the failed sale leaseback is no longer applicable based on our facts and circumstances, and the real estate assets and corresponding financing obligation were derecognized from our consolidated financial statements. Please see “Leases” (ASU 2016-02) in Note 1— Background and Summary of Significant Accounting Policies for additional information on the impact the new lease standard will have on the accounting for the failed-sale-leaseback.
Table:
 | Positive (Negative) Impact to Net Income | 
 | December 31, | 
 | 2018 | 2017
 | (Dollars in millions) | 
Increase in revenue | $74 | 49
Decrease in cost of sales | 22 | 15
Increase in loss on sale of business included in selling, general and administrative expense | — | (102)
Increase in depreciation expense (one-time) | — | (44)
Increase in depreciation expense (ongoing) | (69) | (47)
Increase in interest expense | (55) | (39)
Decrease in income tax expense | 7 | 65
Decrease in net income | $(21) | (103)


Question: What is the average increase in revenue across 2017 and 2018?
Answer: 61.5
Calculation: ($74+$49)/2