hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
Market risk is the risk of loss related to adverse changes in market prices, including interest rates and foreign exchange rates, of financial instruments. We are exposed to various types of market risks, including changes in interest rates and foreign currency exchange rates, in the normal course of business.
We use financial instruments, including variable rate debt and swaps and foreign exchange spot transactions, to manage risks associated with our interest rate and foreign currency exposures through a controlled program of risk management in accordance with established policies. These policies are reviewed and approved by our board of directors and stockholders’ meeting. Our treasury operations are subject to internal audit on a regular basis. We do not hold or issue derivative financial instruments for speculatively purposes.
Since export sales are primarily conducted in U.S. dollars, we had U.S. dollar-denominated accounts receivable of US$626 million as of December 31, 2019. As of the same date, we also had Japanese Yen-denominated accounts receivable of ¥14,266 million attributable to our Japanese operations and Renminbi-denominated accounts receivable of RMB¥710 million attributable to our China operations. We had U.S. dollar-, Japanese Yen- and Renminbi-denominated accounts payables of US$128 million, ¥7,193 million and RMB¥262 million, respectively, as of December 31, 2019.
Our primary market risk exposures relate to interest rate movements on borrowings and exchange rate movements on foreign currency denominated accounts receivable, capital expenditures relating to equipment used in manufacturing processes (including lithography, etching and chemical vapor deposition) and purchased primarily from Europe, Japan and the United States.
The following table provides information as of December 31, 2019 on our market risk sensitive financial instruments.
Table:
 | As of December 31, 2019 | 
 | Carrying Amount | Fair Amount
 | (in NT$ millions) | 
Time Deposits: Non-Trading Purpose | 62,320 | 62,320
Short-term Loans: Non-Trading Purpose | 12,015 | 12,015
Bonds: Non-Trading Purpose | 38,781 | 39,572
Long-term Loans: Non-Trading Purpose | 33,902 | 33,902


Question: What were the accounts receivables in 2019?
Answer: US$626 million
Fiscal 2017 Plan
We initiated a restructuring plan in the first quarter of fiscal 2017 to reduce complexity by means of long-term structural improvements (the Fiscal 2017 Plan), under which we reduced headcount and closed certain facilities. These actions were completed in fiscal 2019 at a cumulative cost of $289 million.
Our restructuring, transition and other costs are presented in the table below:
Included in our fiscal 2018 other exit and disposal costs is a $29 million impairment charge related to certain land and buildings previously reported as property and equipment that were reclassified to assets held for sale.
As of March 29, 2019, the restructuring liabilities were not significant.
Table:
 |  | Year Ended | 
(In millions) | March 29, 2019 | March 30, 2018 | March 31, 2017
Severance and termination benefit costs | $28 | $61 | $76
Other exit and disposal costs | 15 | 52 | 80
Asset write-offs | 2 | 25 | 23
Transition costs | 196 | 272 | 94
Total restructuring, transition and other costs | $241 | $410 | $273


Question: What is the Total restructuring, transition and other costs for the fiscal years 2019, 2018, 2017?
Answer: 924
Calculation: 241+410+273
Sales and Distribution
We maintain a strong local presence in each of the geographic regions in which we operate. Our net sales by geographic region(1) as a percentage of our total net sales were as follows:
(1) Net sales to external customers are attributed to individual countries based on the legal entity that records the sale.
We sell our products into approximately 150 countries primarily through direct selling efforts to manufacturers. In fiscal 2019, our direct sales represented approximately 80% of total net sales. We also sell our products indirectly via third-party distributors.
We maintain distribution centers around the world. Products are generally delivered to the distribution centers by our manufacturing facilities and then subsequently delivered to the customer. In some instances, however, products are delivered directly from our manufacturing facility to the customer. Our global coverage positions us near our customers’ locations and allows us to assist them in consolidating their supply base and lowering their production costs. We contract with a wide range of transport providers to deliver our products globally via road, rail, sea, and air. We believe our balanced sales distribution lowers our exposure to any particular geography and improves our financial profile.
Table:
 |  | Fiscal | 
 | 2019 | 2018 | 2017
Europe/Middle East/Africa (“EMEA”) | 36 % | 38 % | 36 %
Asia–Pacific | 33 | 34 | 35
Americas | 31 | 28 | 29
Total | 100 % | 100 % | 100 %


Question: Which are the geographic regions in which the company operates in?
Answer: Europe/Middle East/Africa (“EMEA”), Asia–Pacific, Americas
Business Trends
Selected financial results for the past three fiscal years are summarized below:
(1) See the section “Non-GAAP Financial Measures” below for further discussion of these financial measures.
(2) Includes pounds from Specialty Alloys Operations segment, and certain Performance Engineered Products segment businesses including Dynamet, Carpenter Powder Products and LPW Technology Ltd.
Table:
 |  | Years Ended June 30, | 
($ in millions, except per share data) | 2019 | 2018 | 2017
Net sales | $2,380.2 | $2,157.7 | $1,797.6
Net sales excluding surcharge revenue (1) | $1,942.1 | $1,792.3 | $1,558.4
Operating income | $241.4 | $189.3 | $121.5
Net income | $167.0 | $188.5 | $47.0
Diluted earnings per share | $3.43 | $3.92 | $0.99
Purchases of property, plant, equipment and software | $180.3 | $135.0 | $98.5
Free cash flow (1) | $(53.7) | $34.7 | $(16.8)
Pounds sold (in thousands) (2) | 267,536 | 265,620 | 236,346


Question: What was the percentage change in Purchases of property, plant, equipment and software in 2019 from 2018?
Answer: 33.56
Calculation: (180.3-135.0)/135.0
Trading profit
The Group reported Trading profit of £128.5m in the year, growth of £5.5m, up +4.5% compared to 2017/18. Divisional contribution increased by £6.1m to £161.9m. The Grocery business recorded Divisional contribution growth of £8.3m to £138.3m while Sweet Treats Divisional contribution was £2.2m lower than the prior year at £23.6m. Group & corporate costs were £0.6m higher than the prior year.
In the first half of the year, Grocery Divisional contribution benefitted from previous changes in the promotional strategy of Ambrosia. The business reduced the depth of promotional deals it offered which resulted in lower volumes and revenue in the period but growth in Divisional contribution.
Additionally, Divisional contribution margins in the Grocery business grew 2.1 percentage points in the first half compared to the prior year. This is in line with margins two years ago, whereby margins in the prior year were impacted by a longer than expected process to recover input cost inflation seen across the Group’s categories.
Table:
£m | 2018/19 | 2017/18 | Change
Divisional contribution2 |  |  | 
Grocery | 138.3 | 130.0 | +6.3%
Sweet Treats | 23.6 | 25.8 | (8.4%)
Total | 161.9 | 155.8 | +3.9%
Group & corporate costs | (33.4) | (32.8) | (1.8%)
Trading profit | 128.5 | 123.0 | +4.5%


Question: What is the divisional contribution of grocery in 2017/18?
Answer: 130.0
Interest income (expense), net consisted of the following:
Interest income is related to the cash and cash equivalents held by the Company. Interest expense recorded in 2019, 2018 and 2017 included respectively a charge of $39 million, $38 million and $37 million on the senior unsecured convertible bonds issued in July 2017 and July 2014, of which respectively $37 million, $36 million and $33 million was a non-cash interest expense resulting from the accretion of the discount on the liability component. Net interest includes also charges related to the banking fees and the sale of trade and other receivables.
No borrowing cost was capitalized in 2019, 2018 and 2017. Interest income on government bonds and floating rate notes classified as available-for-sale marketable securities amounted to $6 million for the year ended December 31, 2019, $6 million for the year ended December 31, 2018 and $6 million for the year ended December 31, 2017.
Table:
 | Year ended December 31, 2019 | Year ended December 31, 2018 | Year ended December 31, 2017
Income | 55 | 47 | 30
Expense | (54) | (54) | (52)
Total | 1 | (7) | (22)


Question: What was the interest income in 2019?
Answer: $6 million
MARKET PRICES OF COMMON STOCK
The common stock of the Company is listed on the NASDAQ Global Market under the symbol “FEIM.”
Table:
Fiscal Quarter | High Sale | Low Sale
2019 |  | 
First Quarter | $8.95 | $7.30
Second Quarter | 11.38 | 7.80
Third Quarter | 13.38 | 9.60
Fourth Quarter | 13.52 | 10.80
2018 |  | 
First Quarter | $10.76 | $ 7.91
Second Quarter | 10.00 | 7.53
Third Quarter | 9.94 | 8.66
Fourth Quarter | 10.59 | 8.55


Question: What is the average quarterly high sale price for 2019?
Answer: 11.81
Calculation: (8.95+11.38+13.38+13.52)/4
Gross Profit
Year Ended December 31, 2019 Compared with the Year Ended December 31, 2018
Gross profit and margin decreased during the year ended December 31, 2019 compared to prior year primarily due to an increase in hosting migration costs, higher amortization of software development, recognition of previously deferred costs and the sale of OneContent business on April 2, 2018, which carried a higher gross margin compared with our other businesses. These were partially offset with an increase in organic sales for Veradigm and our acute solutions in 2019.
Year Ended December 31, 2018 Compared with the Year Ended December 31, 2017
Gross profit increased during the year ended December 31, 2018 compared with the year ended December 31, 2017 primarily due to acquisitions. From a revenue mix perspective, gross profit associated with our recurring revenue streams, which include the delivery of recurring subscription-based software sales, support and maintenance, and recurring client services improved as we continued to expand our customer base for these services, particularly those related to outsourcing and revenue cycle management. Gross profit associated with our non-recurring software delivery, support and maintenance revenue stream decreased primarily due to fewer perpetual software license sales of our acute and population health management solutions. Gross profit associated with our non-recurring client services revenue stream, which includes non-recurring project-based client services, decreased primarily driven by higher internal personnel costs, including those related to incremental resources from recent acquisitions. Gross margin decreased primarily due to lower sales of higher margin perpetual software licenses and higher amortization of software development and acquisition-related assets driven by additional amortization expense associated with intangible assets acquired as part of recent acquisitions.
Table:
 | Year Ended December 31, |  |  |  | 
(In thousands) | 2019 | 2018 | 2017 | 2019 % Change from 2018 | 2018 % Change from 2017
Total cost of revenue | $ 1,058,097 | $ 1,025,419 | $ 864,909 | 3.2% | 18.6%
Gross profit | $ 713,580 | $ 724,543 | $ 632,799 | (1.5%) | 14.5%
Gross margin % | 40.3% | 41.4% | 42.3% |  | 


Question: What is the change in the Total cost of revenue from 2018 to 2019?
Answer: 32678
Calculation: 1,058,097 - 1,025,419
18. Geographic Information
Property and equipment, net by geography was as follows:
No individual international country represented more than 10% of property and equipment, net in any period presented.
Table:
 | Year Ended December31, | 
 | 2019 | 2018
U.S. | 200.4 | 231.0
International | 58.2 | 68.0
 | $258.6 | $299.0


Question: What is the average net property and equipment for 2018 and 2019 Internationally?
Answer: 63.1
Calculation: (58.2+68.0)/2
The amortized cost and fair value of cash equivalents, investments, and restricted investments with contractual maturities as of June 30, 2019, are as follows:
The Company has the ability, if necessary, to liquidate its investments in order to meet the Company’s liquidity needs in the next 12 months. Accordingly, those investments with contractual maturities greater than 12 months from the date of purchase nonetheless are classified as short-term on the accompanying Consolidated Balance Sheets.
Table:
 | Cost | Fair Value
 |  | (in thousands)
Due in one year or less | $4,842,996 | $4,844,145
Due after one year through five years | 331,707 | 333,019
Due in more than five years | 41,612 | 41,756
 | $5,216,315 | $5,218,920


Question: What is the amount of amortized cost of cash equivalents, investments, and restricted investments with contractual maturities as of June 30, 2019 that is due in one year or less?
Answer: $4,842,996
The following table includes additional fair value information on financial assets and liabilities as at December 31, 2019 and 2018:
(1) Cash equivalents primarily correspond to deposits at call with banks.
(2) The carrying amount of the senior unsecured convertible bonds as reported above corresponds to the liability component only. For the convertible bonds issued on July 3, 2017 and outstanding as at December 31, 2017, the carrying amount of the senior unsecured convertible bonds corresponds to the liability component only, since, at initial recognition, an amount of $242 million was recorded directly in shareholders’ equity as the value of the equity instrument embedded in the convertible instrument.
Table:
 | 2019 | 2019 | 2019 | 2018 | 2018
 | Level | Carrying Amount | Estimated Fair Value | Carrying Amount | Estimated Fair Value
Cash equivalents (1) | 1 | 1,691 | 1,691 | 2,138 | 2,138
Long-term debt |  |  |  |  | 
– Bank loans (including current portion) | 2 | 718 | 718 | 594 | 594
– Senior unsecured convertible bonds (2) | 1 | 1,354 | 2,103 | 1,316 | 1,501


Question: What is the increase/ (decrease) in Cash equivalents of Carrying Amount from 2018 to 2019?
Answer: -447
Calculation: 1,691-2,138
18. Trade and other payables  Significant accounting policies that apply to trade and other payables We initially recognise trade and other payables at fair value, which is usually the original invoiced amount. We subsequently carry them at amortised cost using the effective interest method.
a Deferred income recognised in prior periods has substantially been reclassified to contract liabilities on adoption of IFRS 15, see notes 1 and 2. The remaining balance includes £51m (2017/18: £132m, 2016/17: £71m) current and £586m (2017/18: £404m, 2016/17: £375m) non-current liabilities relating to the Broadband Delivery UK programme, for which grants received by the group may be subject to re-investment or repayment depending on the level of take-up.
b Other payables relate to operating lease liabilities and deferred gains on a 2001 sale and finance leaseback transaction.
Table:
 | 2019 | 2018 | 2017
At 31 March | £m | £m | £m
Current |  |  | 
Trade payables | 4,141 | 3,991 | 4,205
Other taxation and social security | 564 | 704 | 704
Other payables | 387 | 456 | 672
Accrued expenses | 630 | 492 | 382
Deferred income a | 68 | 1,525 | 1,474
 | 5,790 | 7,168 | 7,437


Question: What is the change in Current: Other payables from 2019 to 2018?
Answer: -69
Calculation: 387-456
Note 35 Adoption of IFRS 16
Upon adoption of IFRS 16 on January 1, 2019, we recognized right-of-use assets of $2,257 million within property, plant and equipment, and lease liabilities of $2,304 million within debt, with an increase to our deficit of $19 million. These amounts were recognized in addition to assets under finance leases of $1,947 million and the corresponding finance lease liabilities of $2,097 million at December 31, 2018 under IAS 17. As a result, on January 1, 2019, our total right-of-use assets and lease liabilities amounted to $4,204 million and $4,401 million, respectively. The table below shows the impacts of adopting IFRS  16 on our January 1, 2019 consolidated statement of financial position.
BCE’s operating lease commitments at December 31, 2018 were $1,612 million. The difference between operating lease commitments at December 31, 2018 and lease liabilities of $2,304 million upon adoption of IFRS 16 at January 1, 2019, is due mainly to an increase of $1,122 million related to renewal options reasonably certain to be exercised, an increase of $112 million mainly related to non-monetary transactions and a decrease of ($542) million as a result of discounting applied to future lease payments, which was determined using a weighted average incremental borrowing rate of 3.49% at January 1, 2019.
Table:
 | DECEMBER 31, 2018 AS REPORTED | IFRS 16 IMPACTS | JANUARY 1, 2019 UPON ADOPTION OF IFRS 16
Prepaid expenses | 244 | (55) | 189
Other current assets | 329 | 9 | 338
Property, plant and equipment | 24,844 | 2,257 | 27,101
Other non-current assets | 847 | 17 | 864
Trade payables and other liabilities | 3,941 | (10) | 3,931
Debt due within one year | 4,645 | 293 | 4,938
Long-term debt | 19,760 | 2,011 | 21,771
Deferred tax liabilities | 3,163 | (7) | 3,156
Other non-current liabilities | 997 | (39) | 958
Deficit | (4,937) | (19) | (4,956)
Non-controlling interest | 326 | (1) | 325


Question: What is the difference between the right-of-use assets recognized within property, plant and equipment and the lease liabilities recognized within debt upon adoption of IFRS 16?
Answer: 47
Calculation: $2,304 million - $2,257 million
5. Earnings Per Common Share
Basic earnings per common share ("EPS") is based upon the weighted-average number of common shares outstanding during the period.  Diluted EPS reflects the potential dilution that would occur upon issuance of common shares for awards under stock-based compensation plans, or conversion of preferred stock, but only to the extent that they are considered dilutive.
The following table shows the computation of basic and diluted EPS:
In conjunction with the acquisition of Hawaiian Telcom in the third quarter of 2018, the Company issued 7.7 million Common Shares as a part of the acquisition consideration. In addition, the Company granted 0.1 million time-based restricted stock units to certain Hawaiian Telcom employees under the Hawaiian Telcom 2010 Equity Incentive Plan
For the years ended December 31, 2019 and December 31, 2018, the Company had a net loss available to common shareholders and, as a result, all common stock equivalents were excluded from the computation of diluted EPS as their inclusion would have been anti-dilutive.  For the year ended December 31, 2017, awards under the Company’s stock-based compensation plans for common shares of 0.2 million, were excluded from the computation of diluted EPS as their inclusion would have been anti-dilutive.  For all periods presented, preferred stock convertible into 0.9 million common shares was excluded as it was anti-dilutive.
Table:
Year Ended December 31, |  |  | 
(in millions, except per share amounts) | 2019 | 2018 | 2017
Numerator: |  |  | 
Net (loss) income | $(66.6) | $(69.8) | $40.0
Preferred stock dividends | 10.4 | 10.4 | 10.4
Net (loss) income applicable to common shareowners - basic and diluted | $(77.0) | $(80.2) | $29.6
Denominator: |  |  | 
Weighted-average common shares outstanding - basic | 50.4 | 46.3 | 42.2
Stock-based compensation arrangements | — | — | 0.2
Weighted-average common shares outstanding - diluted | 50.4 | 46.3 | 42.4
Basic and diluted net (loss) earnings per common share | ($1.53) | ($1.73) | $0.70


Question: How many shares did the company issue as part of its acquisition consideration of Hawaiian Telcom?
Answer: 7.7
five-year performance comparison 2013 the following graph provides an indicator of cumulative total shareholder returns for the corporation as compared to the peer group index ( described above ) , the dj trans , and the s&p 500 . the graph assumes that $ 100 was invested in the common stock of union pacific corporation and each index on december 31 , 2011 and that all dividends were reinvested . the information below is historical in nature and is not necessarily indicative of future performance . purchases of equity securities 2013 during 2016 , we repurchased 35686529 shares of our common stock at an average price of $ 88.36 . the following table presents common stock repurchases during each month for the fourth quarter of 2016 : period total number of shares purchased [a] average price paid per share total number of shares purchased as part of a publicly announced plan or program [b] maximum number of shares remaining under the plan or program [b] .

Table:
period | total number of shares purchased [a] | average price paid per share | total number of shares purchased as part of a publicly announcedplan or program [b] | maximum number of shares remaining under the plan or program [b]
oct . 1 through oct . 31 | 3501308 | $ 92.89 | 3452500 | 23769426
nov . 1 through nov . 30 | 2901167 | 95.68 | 2876067 | 20893359
dec . 1 through dec . 31 | 3296652 | 104.30 | 3296100 | 17597259
total | 9699127 | $ 97.60 | 9624667 | n/a
[a] total number of shares purchased during the quarter includes approximately 74460 shares delivered or attested to upc by employees to pay stock option exercise prices , satisfy excess tax withholding obligations for stock option exercises or vesting of retention units , and pay withholding obligations for vesting of retention shares .
[b] effective january 1 , 2014 , our board of directors authorized the repurchase of up to 120 million shares of our common stock by december 31 , 2017 .
these repurchases may be made on the open market or through other transactions .
our management has sole discretion with respect to determining the timing and amount of these transactions .
on november 17 , 2016 , our board of directors approved the early renewal of the share repurchase program , authorizing the repurchase of up to 120 million shares of our common stock by december 31 , 2020 .
the new authorization was effective january 1 , 2017 , and replaces the previous authorization , which expired on december 31 , 2016. .

Question: for the fourth quarter of 2016 what was the total number of shares purchased in december
Answer: 34%
Calculation: divide(3296652, 9699127)
Contract Costs
The following table provides changes in our contract acquisition costs and fulfillment costs:
Acquisition costs include commission fees paid to employees as a result of obtaining contracts. Fulfillment costs include third party and internal costs associated with the provision, installation and activation of telecommunications services to customers, including labor and materials consumed for these activities.
Deferred acquisition and fulfillment costs are amortized based on the transfer of services on a straight-line basis over the average customer life of 30 months for consumer customers and 12 to 60 months for business customers and amortized fulfillment costs are included in cost of services and products and amortized acquisition costs are included in selling, general and administrative expenses in our consolidated statements of operations. The amount of these deferred costs that are anticipated to be amortized in the next twelve months are included in other current assets on our consolidated balance sheets. The amount of deferred costs expected to be amortized beyond the next twelve months is included in other non-current assets on our consolidated balance sheets. Deferred acquisition and fulfillment costs are assessed for impairment on an annual basis.
Table:
 | Year Ended December 31, 2019 | 
 | Acquisition Costs | Fulfillment Costs
 | (Dollars in millions) | 
Beginning of period balance | $322 | 187
Costs incurred | 208 | 158
Amortization | (204) | (124)
End of period balance | $326 | 221


Question: What do the fulfillment costs include?
Answer: third party and internal costs associated with the provision, installation and activation of telecommunications services to customers, including labor and materials consumed for these activities.