hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Cash Conversion Cycle
The following table presents the components of our cash conversion cycle for the fourth quarter of each of the past three fiscal years:
(1) Days sales outstanding, referred to as DSO, calculates the average collection period of our receivables. DSO is based on ending accounts receivable and net revenue for each period. DSO is calculated by dividing accounts receivable by average net revenue per day for the current quarter (91 days for each of the fourth quarters presented above). The year over year increases in DSO in the fourth quarter of fiscal 2019 and fiscal 2018 were primarily due to less favorable shipping linearity and, in the case of fiscal 2019, one of our major distributors choosing not to take advantage of an early payment discount.
(2) Days inventory outstanding, referred to as DIO, measures the average number of days from procurement to sale of our products. DIO is based on ending inventory and cost of revenues for each period. DIO is calculated by dividing ending inventory by average cost of revenues per day for the current quarter. The increase in DIO in the fourth quarter of fiscal 2019 compared to the corresponding period of fiscal 2018 was primarily due to higher levels of finished goods on hand at the end of fiscal 2019. Compared to the corresponding period in fiscal 2017, the decrease in DIO in the fourth quarter of fiscal 2018 was due primarily to strong product sales towards the end of the fourth quarter of fiscal 2018.
(3) Days payables outstanding, referred to as DPO, calculates the average number of days our payables remain outstanding before payment. DPO is based on ending accounts payable and cost of revenues for each period. DPO is calculated by dividing accounts payable by average cost of revenues per day for the current quarter. DPO for the fourth quarter of fiscal 2019 was relatively unchanged compared to the fourth quarter of fiscal 2018, while it increased compared to the corresponding period in fiscal 2017 was primarily the result of improved vendor payables management and extensions of payment terms with our suppliers.
(4) The cash conversion cycle is the sum of DSO and DIO less DPO. Items which may cause the cash conversion cycle in a particular period to differ include, but are not limited to, changes in business mix, changes in payment terms (including extended payment terms from suppliers), the extent of shipment linearity, seasonal trends and the timing of revenue recognition and inventory purchases within the period.
Table:
 | Three Months Ended |  | 
(in days) |  |  | 
Three Months Ended | April 26, 2019 | April 27, 2018 | April 28, 2017
Days sales outstanding (1) | 70 | 58 | 45
Days inventory outstanding (2) | 21 | 18 | 26
Days payables outstanding (3) | (87) | (90) | (56)
Cash conversion cycle (4) | 3 | (14 ) | 15
Days may not add due to rounding |  |  | 


Question: What was the change in day sales outstanding between 2018 and 2019?
Answer: 12
Calculation: 70-58
(13) (Loss) Earnings Per Common Share
Basic and diluted (loss) earnings per common share for the years ended December 31, 2019, 2018 and 2017 were calculated as follows:
(1) For the year ended December 31, 2019 and December 31, 2018, we excluded from the calculation of diluted loss per share 3.0 million shares and 4.6 million shares, respectively, potentially issuable under incentive compensation plans or convertible securities, as their effect, if included, would have been anti-dilutive.
Our calculation of diluted (loss) earnings per common share excludes shares of common stock that are issuable upon exercise of stock options when the exercise price is greater than the average market price of our common stock. We also exclude unvested restricted stock awards that are antidilutive as a result of unrecognized compensation cost. Such shares were 6.8 million, 2.7 million and 4.7 million for 2019, 2018 and 2017, respectively.
Table:
 |  | Years Ended December, 31 | 
 | 2019 | 2018 | 2017
 |  | (Dollars in millions, except per share amounts, shares in thousands) | 
Loss income (Numerator): |  |  | 
Net (loss) income | $(5,269) | (1,733) | 1,389
Net (loss) income applicable to common stock for computing basic earnings per common share | (5,269) | (1,733) | 1,389
Net (loss) income as adjusted for purposes of computing diluted earnings per common share | $(5,269) | (1,733) | 1,389
Shares (Denominator): |  |  | 
Weighted average number of shares: |  |  | 
Outstanding during period | 1,088,730 | 1,078,409 | 635,576
Non-vested restricted stock | (17,289) | (12,543) | (7,768)
Weighted average shares outstanding for computing basic earnings per common share | 1,071,441 | 1,065,866 | 627,808
Incremental common shares attributable to dilutive securities: |  |  | 
Shares issuable under convertible securities | — | — | 10
Shares issuable under incentive compensation plans | — | — | 875
Number of shares as adjusted for purposes of computing diluted (loss) earnings per common share | 1,071,441 | 1,065,866 | 628,693
Basic (loss) earnings per common share | $(4.92) | (1.63) | 2.21
Diluted (loss) earnings per common share(1) | $(4.92) | (1.63) | 2.21


Question: What is the average annual amount of unvested restricted stock awards that are antidilutive excluded in 2017, 2018 and 2019?
Answer: 4.73
Calculation: (6.8+2.7+4.7)/3
Note 16. Share-Based Compensation
Share-Based Compensation Expense
The following table presents the details of the Company's share-based compensation expense (in millions):
(1) During the year ended March 31, 2019, $17.2 million of share-based compensation expense was capitalized to inventory, and $14.9 million of previously capitalized share-based compensation expense in inventory was sold. During the year ended March 31, 2018, $11.9 million of share-based compensation expense was capitalized to inventory and $13.8 million of previously capitalized share-based compensation expense in inventory that was sold. During the year ended March 31, 2017, $11.3 million of share-based compensation expense was capitalized to inventory. The amount of sharebased compensation included in cost of sales during fiscal 2017 included $14.5 million of previously capitalized sharebased compensation expense in inventory was sold and $4.2 million of share-based compensation expense related to the Company's acquisition of Atmel that was not previously capitalized into inventory.
The amount of unearned share-based compensation currently estimated to be expensed in the remainder of fiscal 2020 through fiscal 2024 related to unvested share-based payment awards at March 31, 2019 is $253.4 million. The weighted average period over which the unearned share-based compensation is expected to be recognized is approximately 1.88 years.
Table:
 |  | Year Ended March 31, | 
 | 2019 | 2018 | 2017
Cost of sales (1) | $14.9 | $13.8 | $18.7
Research and development | 72.0 | 42.5 | 46.8
Selling, general and administrative | 62.3 | 36.9 | 62.6
Special (income) charges and other, net | 17.2 | — | —
Pre-tax effect of share-based compensation | 166.4 | 93.2 | 128.1
Income tax benefit | 35.5 | 28.3 | 44.2
Net income effect of share-based compensation | $130.9 | $64.9 | $83.9


Question: What was the change in the cost of sales between 2017 and 2018?
Answer: -4.9
Calculation: 13.8-18.7
13. Other investments
The Group holds a number of other listed and unlisted investments, mainly comprising managed funds, loan notes, deposits and government bonds.
Accounting policies
Other investments comprising debt and equity instruments are recognised and derecognised on a trade date where a purchase or sale of an investment is under a contract whose terms require delivery of the investment within the timeframe established by the market concerned, and are initially measured at fair value, including transaction costs.
Debt securities that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and interest are measured at amortised cost using the effective interest method, less any impairment. Debt securities that do not meet the criteria for amortised cost are measured at fair value through profit and loss.
Equity securities are classified and measured at fair value through other comprehensive income, there is no subsequent reclassification of fair value gains and losses to profit or loss following derecognition of the investment. See note 1 “Basis of preparation” for previous measurement categories applicable to the comparative balances at 31 March 2018
Debt securities include loan notes of US$nil (2018: US$2.5 billion (€2.0 billion) issued by Verizon Communications Inc. as part of the Group’s disposal of its interest in Verizon Wireless all of which is recorded within non-current assets and €0.8 billion (2018: €0.9 billion) issued by VodafoneZiggo Holding B.V.
1  Items are measured at fair value and the valuation basis is level 2 classification, which comprises items where fair value is determined from inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly.
2  Items are measured at amortised cost and the carrying amount approximates fair value.
Table:
 | 2019 | 2018
 | €m | €m
Included within non-current assets: |  | 
Equity securities1 | 48 | 47
Debt securities2 | 822 | 3,157
 | 870 | 3,204


Question: How much is the 2018 debt securities?
Answer: 3,157
Restructuring and Related Charges
Following is a summary of our restructuring and related charges:
(1) Includes $21.5 million, $16.3 million and $51.3 million recorded in the EMS segment, $2.6 million, $16.6 million and $82.4 million recorded in the DMS segment and $1.8 million, $4.0 million and $26.7 million of non-allocated charges for the fiscal years ended August 31, 2019, 2018 and 2017, respectively. Except for asset write-off costs, all restructuring and related charges are cash settled.
(2) Fiscal year ended August 31, 2017, includes expenses related to the 2017 and 2013 Restructuring Plans.
Table:
 |  | Fiscal Year Ended August 31, | 
(dollars in millions) | 2019 | 2018 | 2017(2)
Employee severance and benefit costs | $16.0 | $16.3 | $56.8
Lease costs | — | 1.6 | 4.0
Asset write-off costs | (3.6) | 16.2 | 94.3
Other costs | 13.5 | 2.8 | 5.3
Total restructuring and related charges (1) | $25.9 | $36.9 | $160.4


Question: Which years of Restructuring Plans did the fiscal year ended August 31, 2017 include expenses related to?
Answer: 2017, 2013
10 Auditor’s Remuneration
The Group paid the following amounts to its auditor in respect of the audit of the historical financial information and for other non-audit services provided to the Group.
Table:
 | Year-ended 31 March 2019 | Year-ended 31 March 2018
 | $M | $M
Audit of the Financial Statements | 0.4 | 0.4
Subsidiary local statutory audits | 0.2 | 0.3
Total audit fees | 0.6 | 0.7
Other assurance services | 0.1 | 0.1
Total non-audit fees | 0.1 | 0.1


Question: What did the Group pay the following amounts to its auditor in respect to?
Answer: in respect of the audit of the historical financial information and for other non-audit services provided to the Group.
Foreign currency translation risk
Our reporting currency is the U.S. dollar. Fluctuations in foreign currencies impact the amount of total assets and liabilities that we report for our foreign subsidiaries upon the translation of these amounts into U.S. dollars. In particular, the amount of cash and cash equivalents that we report in U.S. dollars for a significant portion of the cash held by these subsidiaries is subject to translation variance caused by changes in foreign currency exchange rates as of the end of each respective reporting period (the offset to which is recorded to accumulated other comprehensive income on our Consolidated Balance Sheets).
The following table shows our cash and cash equivalents denominated in certain major foreign currencies as of June 30, 2019 (equivalent in U.S. dollar):
If overall foreign currency exchange rates in comparison to the U.S. dollar uniformly weakened by 10%, the amount of cash and cash equivalents we would report in equivalent U.S. dollars would decrease by approximately $32.9 million (June 30, 2018—$34.6 million), assuming we have not entered into any derivatives discussed above under "Foreign Currency Transaction Risk".
Table:
(In thousands) | U.S. Dollar Equivalent at June 30, 2019 | U.S. Dollar Equivalent at June 30, 2018
Euro | $120,417 | $120,346
British Pound | 33,703 | 31,211
Canadian Dollar | 12,635 | 24,590
Swiss Franc | 56,776 | 52,652
Other foreign currencies | 105,273 | 117,459
Total cash and cash equivalents denominated in foreign currencies | 328,804 | 346,258
U.S. dollar | 612,205 | 336,684
Total cash and cash equivalents | $941,009 | $682,942


Question: What is the Total cash and cash equivalents denominated in foreign currencies expressed as a percentage of Total cash and cash equivalents at June 30, 2019?
Answer: 34.94
Calculation: 328,804/941,009
2.6 Taxes (continued)
1 Net deferred tax liabilities include net deferred tax assets of $2,195,000 (2018: $1,937,000) from the iMoney Group.
Recognition and measurement
Our income tax expense is the sum of current and deferred income tax expenses. Current income tax expense is calculated on accounting profit after adjusting for non-taxable and non-deductible items based on rules set by the tax authorities. Deferred income tax expense is calculated at the tax rates that are expected to apply to the period in which the deferred tax asset is realised or the deferred tax liability is settled. Both our current and deferred income tax expenses are calculated using tax rates that have been enacted or substantively enacted at reporting date.
Our current and deferred taxes are recognised as an expense in profit or loss, except when they relate to items that are directly recognised in other comprehensive income or equity. In this case, our current and deferred tax expenses are also recognised directly in other comprehensive income or equity.
We generally recognise deferred tax liabilities for all taxable temporary differences, except to the extent that the deferred tax liability arises from:
• the initial recognition of goodwill; and
• the initial recognition of an asset or liability in a transaction that is not a business combination and affects neither our accounting profit nor our taxable income at the time of the transaction.
For our investments in controlled entities and associated entities, recognition of deferred tax liabilities is required unless we are able to control the timing of our temporary difference reversal and it is probable that the temporary difference will not reverse.
Deferred tax assets are recognised to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, and the carried forward unused tax losses and tax credits, can be utilised
Deferred tax assets and deferred tax liabilities are offset in the statement of financial position where they relate to income taxes levied by the same taxation authority and to the extent that we intend to settle our current tax assets and liabilities on a net basis.
Table:
 | CONSOLIDATED | 
 | 2019 $’000 | 2018 $’000
Deferred taxes |  | 
Deferred tax assets relate to the following: |  | 
Trade and other payables | 2,312 | 1,558
Provisions | 4,759 | 2,230
Property, Plant and Equipment | - | 1,680
ITAA 97 Section 40-880 business related costs | 92 | 105
Unrealised foreign exchange differences | 58 | 56
Unused tax losses | 4,837 | 4,665
Other | 13 | 114
Total deferred tax assets | 12,071 | 10,408
 |  | 
Deferred tax liabilities relate to following: |  | 
Trail commission asset | (34,168) | (31,253)
Property, Plant and Equipment | (581) | -
Development costs | (2,109) | (2,359)
Total deferred tax liabilities | (36,858) | (33,612)
Net deferred tax liabilities1 | (24,787) | (23,204)


Question: What does the net deferred tax liabilities include?
Answer: net deferred tax assets of $2,195,000 (2018: $1,937,000) from the iMoney Group
COHERENT, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In thousands)
(1) Reclassification adjustments were not significant during fiscal 2019, 2018 and 2017.
(2) Tax benefits of $(5,161), $0 and $(326) were provided on translation adjustments during fiscal 2019, 2018 and 2017, respectively.
(3) Tax benefits of $0, $(2) and $(1,876) were provided on changes in unrealized losses on available-for-sale securities during fiscal 2019, 2018 and 2017, respectively.
(4) Tax expenses (benefits) of $(2,371), $202 and $1,747 were provided on changes in defined benefit pension plans during fiscal 2019, 2018 and 2017, respectively.
Table:
 |  | Year Ended | 
 | September 28,2019 | September 29,2018 | September 30,2017
Net income | $53,825 | $247,358 | $207,122
Other comprehensive income (loss):(1) |  |  | 
Translation adjustment, net of taxes(2) | (32,609) | (18,065) | 24,923
Changes in unrealized losses on available-for-sale securities, net of taxes(3) | — | (4) | (3,330)
Defined benefit pension plans, net of taxes(4) | (6,560) | 996 | 3,613
Other comprehensive income (loss), net of tax | (39,169) | (17,073) | 25,206
Comprehensive income | $14,656 | $230,285 | $232,328


Question: What was  Comprehensive income  in 2018?
Answer: $230,285
NAVIOS MARITIME HOLDINGS INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in thousands of U.S. dollars — except share data)
Amounts recorded in respect of discontinued operations in the years ended December 31, 2019 and 2018, respectively are as follows:
Navios Containers accounted for the control obtained in November 2018 as a business combination which resulted in the application of the “acquisition method”, as defined under ASC 805 Business Combinations, as well as the recalculation of Navios Holdings’ equity interest in Navios Containers to its fair value at the date of obtaining control and the recognition of a gain in the consolidated statements of comprehensive (loss)/income. The excess of the fair value of Navios Containers’ identifiable net assets of $229,865 over the total fair value of Navios Containers’ total shares outstanding as of November 30, 2018 of $171,743, resulted in a bargain gain upon obtaining control in the amount of $58,122. The fair value of the 34,603,100 total Navios Container’s shares outstanding as of November 30, 2018 was determined by using the closing share price of $4.96, as of that date.
As of November 30, 2018, Navios Holdings’ interest in Navios Containers with a carrying value of $6,078 was remeasured to fair value of $6,269, resulting in a gain on obtaining control in the amount of $191 and is presented within “Bargain gain upon obtaining control” in the consolidated statements of comprehensive (loss)/income.
The results of operations of Navios Containers are included in Navios Holdings’ consolidated statements of comprehensive (loss)/income following the completion of the conversion of Navios Maritime Containers Inc. into a limited partnership on November 30, 2018.
Table:
 | Period from January 1 to August 30, 2019 | Period from November 30 to December 31, 2018
Revenue | $89,925 | $12,053
Time charter, voyage and port terminal expenses | (3,976) | (546)
Direct vessel expenses | (44,088) | (5,282)
General and administrative expenses | (6,706) | (873)
Depreciation and amortization | (22,858) | (3,060)
Interest expense and finance cost | (10,519) | (1,204)
Other expense, net | (5,896) | (336)
Net (loss)/income from discontinued operations | $(4,118) | $752
Less: Net loss/(income) attributable to the noncontrolling interest | $3,968 | $(725)
Net (loss)/income attributable to Navios Holdings common stockholders | $(150) | $27


Question: What were the General and administrative expenses in 2018?
Answer: (873)
Accrued Liabilities
Accrued liabilities consisted of the following (in thousands):
Table:
 | December 31, 2019 | December 31, 2018
Accrued compensation and benefits | $12,227 | $15,283
Accrued tax liabilities | 4,354 | 4,455
Lease liabilities | 5,109 | —
Other | 6,066 | 5,553
Total accrued liabilities | $27,756 | $25,291


Question: What is the percentage change in total accrued liabilities between 2018 and 2019?
Answer: 9.75
Calculation: (27,756 - 25,291)/25,291
Notes to Consolidated Financial Statements - (Continued) Fiscal Years Ended May 26, 2019, May 27, 2018, and May 28, 2017 (columnar dollars in millions except per share amounts) Lamb Weston Spinoff
On November 9, 2016, we completed the Spinoff of our Lamb Weston business. As of such date, we did not beneficially own any equity interest in Lamb Weston and no longer consolidated Lamb Weston into our financial results. The business results were previously reported in the Commercial segment. We reflected the results of this business as discontinued operations for all periods presented.
The summary comparative financial results of the Lamb Weston business through the date of the Spinoff, included within discontinued operations, were as follows:
During fiscal 2017, we incurred $74.8 million of expenses in connection with the Spinoff primarily related to professional fees and contract services associated with preparation of regulatory filings and separation activities. These expenses are reflected in income from discontinued operations. During fiscal 2019 and 2018, we recognized income tax expense of $2.8 million and an income tax benefit of $14.5 million, respectively, due to adjustments of the estimated deductibility of these costs.
In connection with the Spinoff, total assets of $2.28 billion and total liabilities of $2.98 billion (including debt of $2.46 billion) were transferred to Lamb Weston. As part of the consideration for the Spinoff, the Company received a cash payment from Lamb Weston in the amount of $823.5 million. See Note 4 for discussion of the debt-for-debt exchange related to the Spinoff.
We entered into a transition services agreement in connection with the Lamb Weston Spinoff and recognized $2.2 million and $4.2 million of income for the performance of services during fiscal 2018 and 2017, respectively, classified within SG&A expenses.
Table:
 | 2019 | 2018 | 2017
Net sales | $— | $— | $1,407.9
Income (loss) from discontinued operations before income taxes and equity method investment earnings | $— | $(0.3) | $172.3
Income (loss) before income taxes and equity method investment earnings | — | (0.3) | 172.3
Income tax expense (benefit) | 2.8 | (14.6) | 87.5
Equity method investment earnings | — | — | 15.9
Income (loss) from discontinued operations, net of tax . | (2.8) | 14.3 | 100.7
Less: Net income attributable to noncontrolling interests . | — | — | 6.8
Net income (loss) from discontinued operations attributable to Conagra Brands, Inc | $(2.8) | $14.3 | $93.9


Question: What was the net sales (in millions) in 2017?
Answer: $1,407.9
O. Accrued Expenses and Other
Accrued expenses and other as of the periods presented consisted of the following (table in millions)
(1) Other primarily consists of litigation accrual, leases accrual, income tax payable and indirect tax accrual.
Accrued partner liabilities primarily relate to rebates and marketing development fund accruals for channel partners, system vendors and systems integrators. Accrued partner liabilities also include accruals for professional service arrangements for which VMware intends to leverage channel partners to directly fulfill the obligation to its customers.
As of January 31, 2020, other included $237 million litigation accrual related to Cirba patent and trademark infringement lawsuit and $155 million accrual for amounts owed to dissenting shareholders in connection with the Pivotal acquisition. Refer to Note E and Note B, respectively, for more information.
Table:
 | January 31, 2020 | February 1, 2019
Accrued employee related expenses | $845 | $780
Accrued partner liabilities | 181 | 207
Customer deposits | 247 | 239
Other(1) | 878 | 438
Total | $2,151 | $1,664


Question: What were the accrued partner liabilities in 2019?
Answer: 207