hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Cloud & Cognitive Software
* Recast to reflect segment changes.
** 2019 results were impacted by Red Hat purchase accounting.
Cloud & Cognitive Software revenue of $23,200 million increased 4.5 percent as reported (6 percent adjusted for currency) in 2019 compared to the prior year. There was strong growth in Cloud & Data Platforms, as reported and at constant currency, driven primarily by the acquisition of Red Hat in the third quarter of 2019. Red Hat had continued strong performance since the acquisition, in Red Hat Enterprise Linux (RHEL), application development and emerging technologies, led by OpenShift and Ansible. Red Hat and IBM are driving synergies with strong adoption of Cloud Paks since their introduction, expansion of our combined client base and more than 2,000 clients using our hybrid cloud platform. Cognitive Applications also grew as reported and at constant currency. Transaction Processing Platforms declined year to year as reported, but grew 1 percent adjusted for currency driven by strong fourth-quarter performance.
Cognitive Applications revenue of $5,765 million grew 2.3 percent as reported (4 percent adjusted for currency) compared to the prior year, driven by double-digit growth as reported and adjusted for currency in Security, and growth in industry verticals such as IoT. The Security performance included continued strong results in threat management software and services offerings. Within IoT, we had good revenue performance across the portfolio as we continued to invest in new offerings and industry-specific solutions.
Cloud & Data Platforms revenue of $9,499 million increased 10.4 percent as reported (12 percent adjusted for currency) compared to the prior year. Performance was driven by the addition of RHEL and OpenShift and the continued execution of the combined Red Hat and IBM hybrid strategy.
Transaction Processing Platforms revenue of $7,936 million decreased 0.5 percent as reported, but grew 1 percent adjusted for currency in 2019, compared to the prior year. Revenue performance reflects the ongoing investment in IBM platforms, and the timing of larger transactions that are tied to client business volumes and buying cycles.
Within Cloud & Cognitive Software, cloud revenue of $4.2 billion grew 40 percent as reported and 42 percent adjusted for currency year to year, reflecting the acquisition of Red Hat and client adoption of our hybrid cloud offerings.
Table:
($ in millions) |  |  |  | 
For the year ended December 31: | 2019 | 2018 | Yr.-to-Yr. Percent Change ** | Yr.-to-Yr. Percent Change Adjusted for Currency **
Cloud & Cognitive Software external revenue | $23,200 | $22,209 | 4.5% | 6.2%
Cognitive Applications | $ 5,765 | $ 5,633 | 2.3% | 3.9%
Cloud & Data Platforms | 9,499 | 8,603 | 10.4 | 12.3
Transaction Processing Platforms | 7,936 | 7,974 | (0.5) | 1.4


Question: What was the average Cloud & Cognitive Software external revenue in 2019 and 2018?
Answer: 22704.5
Calculation: (23,200 + 22,209) / 2
Property and Equipment
Property and equipment are stated at cost. Depreciation of these assets is generally computed using the straight-line method over their estimated useful lives based on asset class. As of December 31, 2019 and 2018, net property and equipment consisted of the following (in thousands):
Table:
 |  | December 31, | 
 | Useful Lives | 2019 | 2018
Computer and office equipment | 3 - 5 years | $143,942 | $129,359
Leasehold improvements lease | Lesser of useful life of improvement or remaining life of lease | 33,346 | 32,096
Furniture and fixtures | 7 years | 12,980 | 12,500
Building and improvements | 7 - 30 years | 14,553 | 14,381
Land | Non-depreciable | 1,785 | 1,785
Property and equipment, gross |  | 206,606 | 190,121
Less: accumulated depreciation |  | (136,226 ) | (117,392 )
Property and equipment, net |  | $ 70,380 | $ 72,729


Question: How was depreciation of the assets generally computed by the company?
Answer: using the straight-line method over their estimated useful lives based on asset class.
5.2 Key Management Personnel Compensation
Notes: (1) Comprise base salary, bonus, contributions to defined contribution plans and other benefits, but exclude performance share and share option expenses disclosed below.
(2) The Group Chief Executive Officer, an executive director of Singtel, was awarded up to 1,030,168 (2018: 1,712,538) ordinary shares of Singtel pursuant to Singtel performance share plans, subject to certain performance criteria including other terms and conditions being met. The performance share award in the previous financial year included a one-off Special Share Award (“SSA”). The performance share expense computed in accordance with SFRS(I) 2, Share-based Payment, was S$1.5 million (2018: S$3.3 million).
(3) The other key management personnel of the Group comprise the Chief Executive Officers of Consumer Singapore, Consumer Australia, Group Enterprise, Group Digital Life and International Group, as well as the Group Chief Corporate Officer, Group Chief Financial Officer, Group Chief Human Resources Officer, Group Chief Information Officer and Group Chief Technology Officer. The other key management personnel were awarded up to 3,537,119 (2018: 4,391,498) ordinary shares of Singtel pursuant to Singtel performance share plans, subject to certain performance criteria including other terms and conditions being met. The performance share award in the previous financial year included a one-off SSA. The performance share expense computed in accordance with SFRS(I) 2 was S$6.1 million (2018: S$8.5 million).
(4) Directors’ remuneration comprises the following: (i) Directors’ fees of S$2.7 million (2018: S$2.5 million), including fees paid to certain directors in their capacities as members of the Optus Advisory Committee and the Technology Advisory Panel, and as director of Singtel Innov8 Pte. Ltd. (ii) Car-related benefits of the Chairman of S$24,557 (2018: S$20,446). In addition to the Directors’ remuneration, Venkataraman Vishnampet Ganesan, a non-executive director of Singtel, was awarded 831,087 (2018: Nil) of share options pursuant to the Amobee Long-Term Incentive Plan during the financial year, subject to certain terms and conditions being met. The share option expense computed in accordance with SFRS(I) 2 was S$104,278 (2018: S$21,607).
Table:
 |  | Group
 | 2019 | 2018
 | S$ Mil | S$ Mil
Key management personnel compensation (1) |  | 
Executive director (2) | 3.5 | 6.1
Other key management personnel (3) | 15.9 | 22.4
 | 19.4 | 28.5
Directors' remuneration (4) | 2.7 | 2.5
 | 22.1 | 31.0


Question: Under other key management personnel of the group, how many executive directors are included?
Answer: 10
Calculation: Chief Executive Officers of Consumer Singapore##Consumer Australia##Group Enterprise##Group Digital Life##International Group##Group Chief Corporate Officer##Group Chief Financial Officer##Group Chief Human Resources Officer##Group Chief Information Officer##Group Chief Technology Officer
Cost of Revenues
Cost of Subscription Solutions
Cost of subscription solutions increased $10.7 million, or 39.9%, for the three months ended December 31, 2019 compared to the same period in 2018. The increase was due to an increase in the costs necessary to support a greater number of merchants using our platform, resulting in an increase in: infrastructure and hosting costs, employee-related costs, credit card fees for processing merchant billings, amortization of technology related to enhancing our platform, payments to third-party partners for the registration of domain names, and payments to third-party theme developers. As a percentage of revenues, cost of subscription solutions decreased from 7.8% in the three months ended December 31, 2018 to 7.4% in the three months ended December 31, 2019 due to subscription solutions representing a smaller percentage of our total revenues.
Cost of Merchant Solutions
Cost of merchant solutions increased $72.5 million, or 55.2%, for the three months ended December 31, 2019 compared to the same period in 2018. The increase was primarily due to higher payment processing and interchange fees resulting from an increase in GMV facilitated through Shopify Payments. The increase was also due to an increase in amortization related to acquired intangibles from the acquisition of 6RS, employee-related costs associated with 6RS, product costs associated with expanding our product offerings, credit card fees for processing merchant billings, infrastructure and hosting costs, materials and third-party manufacturing costs associated with 6RS and cost of POS hardware units. Cost of merchant solutions as a percentage of revenues increased from 38.2% in the three months ended December 31, 2018 to 40.4% in the three months ended December 31, 2019, mainly as a result of Shopify Payments representing a larger percentage of total revenue.
Table:
 | Three months ended December 31, |  | 2019 vs. 2018
 | 2019 | 2018 | % Change
 | (in thousands, except percentages) |  | 
Cost of revenues: |  |  | 
Cost of subscription solutions | $ 37,369 | $ 26,706 | 39.9 %
Cost of merchant solutions | 203,900 | 131,413 | 55.2 %
Total cost of revenues | $ 241,269 | $ 158,119 | 52.6 %
Percentage of revenues: |  |  | 
Cost of subscription solutions | 7.4 % | 7.8 % | 
Cost of merchant solutions | 40.4 % | 38.2 % | 
 | 47.8 % | 46.0 % | 


Question: How much is the total cost of revenues for both financial year ends (in chronological order)?
Answer: $ 158,119, $ 241,269
CONSOLIDATED STATEMENTS OF OPERATIONS
The accompanying notes are an integral part of these consolidated financial statements.
Table:
 | Fiscal Years Ended September | 
 | 2019 | 2018
Sales (including excise taxes of $370.2 million and $368.4 million, | $1,392,388,157 | $1,322,306,658
Cost of sales | 1,308,364,726 | 1,245,375,460
Gross profit | 84,023,431 | 76,931,198
Selling, general and administrative expenses | 72,182,883 | 66,781,234
Depreciation and amortization | 2,617,591 | 2,318,146
Impairment charges | 2,873,269 | 1,912,877
 | 77,673,743 | 71,012,257
Operating income | 6,349,688 | 5,918,941
Other expense (income): |  | 
Interest expense | 1,598,864 | 1,194,373
Other (income), net | (61,119) | (54,042)
 | 1,537,745 | 1,140,331
Income from operations before income taxes | 4,811,943 | 4,778,610
Income tax expense | 1,609,000 | 1,164,000
Net income available to common shareholders | $ 3,202,943 | $  3,614,610
Basic earnings per share available to common shareholders | $ 5.36 | $  5.47
Diluted earnings per share available to common shareholders | $ 5.25 | $  5.38
Basic weighted average shares outstanding | 597,961 | 660,925
Diluted weighted average shares outstanding | 609,836 | 672,449
Dividends declared and paid per common share | $ 1.00 | $  1.00


Question: What are the respective gross profit in the fiscal years ended September 2018 and 2019?
Answer: 76,931,198, 84,023,431
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 is the difference between Actual and Target for Non-GAAP Operating Income?
Answer: 203
Calculation: 1,630-1,427
Equity Incentive Plan
Our board of directors administers the plan, determines vesting schedules on plan awards and may accelerate the vesting schedules for award recipients. The stock options granted under the plan have terms of up to 10 years. As of December 31, 2019, awards for the purchase of 4,236,719 shares have been granted and remain outstanding (common stock options, common stock and restricted stock units) and 2,063,281 shares are reserved for future grants under the 2014 Plan.
Share-based compensation expenses related to stock options, stock and restricted stock units issued to employees and directors are included in selling, general and administrative expenses. The following table provides a detail of share-based compensation expense (in thousands).
Table:
Year Ended December 31 |  | 
 | 2019 | 2018
Common stock, vested at issuance and nonvested at issuance | $721 | $555
Stock options | 354 | 132
Restricted stock units | 225 | 103
Compensation expense related to common stock awards issued under equity incentive plan | $          1,300 | $            790


Question: What are the respective values of stock options in 2018 and 2019?
Answer: 132, 354
Liquidity and Capital Resources
As of December 31, 2019, we had approximately $36.1 million of cash and cash equivalents and short term investments, a decrease of approximately $7.2 million from $43.3 million in 2018.
During 2018, our board of directors authorized the repurchase of issued and outstanding shares of our common stock having an aggregate value of up to $10.0 million pursuant to a share repurchase program. No shares were repurchased under this program in 2019, As of December 31, 2019, we have a remaining authorization of $8.0 million for future share repurchases.
In 2013, we made a $5 million commitment to invest in an innovation fund through JVP to invest in early-stage cyber technology companies. We sold our interest in JVP in December 2019. There is no further commitment remaining.
Table:
 | December 31, | 
 | 2019 | 2018
 |  | (in thousands)
Cash & cash equivalents | $18,304 | $32,011
Short term investments | 17,779 | 11,303
 | $36,083 | $43,314


Question: What is the percentage change in the cash & cash equivalents between 2018 and 2019?
Answer: -42.82
Calculation: (18,304 - 32,011)/32,011
Commitments and Contractual Obligations
As of June 30, 2019, we have entered into the following contractual obligations with minimum payments for the indicated fiscal periods as follows:
1) Includes interest up to maturity and principal payments. Please see note 10 "Long-Term Debt" for more details.
(2) Net of $30.7 million of sublease income to be received from properties which we have subleased to third parties.
Table:
 |  |  | Payments due between |  | 
 | Total | July 1, 2019— June 30, 2020 | July 1, 2020— June 30, 2022 | July 1, 2022— June 30, 2024 | July 1, 2024 and beyond
Long-term debt obligations (1) | $3,408,565 | $147,059 | $292,156 | $1,045,567 | $1,923,783
Operating lease obligations (2) | 318,851 | 72,853 | 106,394 | 59,441 | 80,163
Purchase obligations | 11,280 | 8,364 | 2,747 | 169 | —
 | $3,738,696 | $228,276 | $401,297 | $1,105,177 | $2,003,946


Question: What is the average annual fiscal year Long-term debt obligations for fiscal year 2020 to 2024?
Answer: 296956.4
Calculation: (147,059+292,156+1,045,567)/5
Income Tax Provision Reconciliation
The difference between the income tax benefit (provision) and income taxes computed using the U.S. federal income tax rate was as follows for the years ended September 30, 2019, 2018, and 2017 (amounts shown in thousands):
Table:
 | 2019 | 2018 | 2017
Amount computed using statutory rate | $841 | $2,122 | $(1,078)
Net change in valuation allowance for net deferred tax assets | (459) | (367) | 10,058
AMT and other | — | (191) | 20
Foreign rate differential | 664 | 22 | (169)
Non-deductible items | (151) | (276) | (370)
State income tax | (370) | 50 | (34)
Impact of tax reform on deferred taxes | — | (4,901) | —
Research and development credits | 1,694 | 475 | 2,494
Foreign income tax | (494) | — | —
Stock compensation, net | 1,539 | — | —
Income tax benefit (provision) | $3,264 | $(3,066) | $10,921


Question: What are the income tax benefits (provision), for the fiscal years 2017, 2018, and 2019, respectively?
Answer: $10,921, $(3,066), $3,264
Summary of Consolidated Cash Flows
The below table summarizes the cash provided or used in our activities and the amount of the respective changes between the periods (in millions):
Operating Activities Cash provided by operating activities was $110.5 million for the year ended December 31, 2019 as compared to cash provided by operating activities of $341.4 million for the year ended December 31, 2018. The $230.9 million decrease was the result of the recapture of reinsurance treaties by our Insurance segment in 2018 and was offset in part by improved performance of the Insurance segment subsequent to the KIC acquisition, significant reduction of losses at the Broadcasting segment driven by the cost cutting measures, and an increase in the working capital at our Telecommunications segments.
Investing Activities Cash used in investing activities was $263.7 million for the year ended December 31, 2019 as compared to cash used in investing activities of $224.6 million for the year ended December 31, 2018. The $39.1 million increase in cash used was a result of (i) an increase in net cash spent at our Insurance segment driven by purchases of investments from the residual cash received from the KIC acquisition and reinsurance recaptures in 2018, (ii) a decrease in cash proceeds received at our Life Sciences segment, from the 2018 upfront payment and 2019 escrow release related to the sale of BeneVir in the prior period, and (iii) an increase in cash used at our Energy segment to acquire ampCNG stations in 2019. These decreases were largely offset by a reduction in cash used by our Construction segment, driven by the acquisition of GrayWolf in 2018, and a reduction in cash used by our Broadcasting segment as less cash was used on its acquisitions in the current year compared to 2018.
This was largely offset by a reduction in net cash used by the Insurance segment's purchases of investments, as in the prior period the Insurance segment purchased investments from the cash received from the acquisition of KIC.
Financing Activities Cash provided by financing activities was $62.4 million for the year ended December 31, 2019 as compared to $115.2 million for the year ended December 31, 2018. The $52.8 million decrease was a result of a decrease in net borrowings by the Construction and Broadcasting segments, and offset in part by the increase in net borrowings by the Energy segment and Corporate segment, and a decline in cash paid to noncontrolling interest holders driven by the proceeds from our Life Sciences segment's sale of BeneVir in 2018.
Table:
Years Ended December 31, |  |  | 
 | 2019 | 2018 | Increase / (Decrease)
Operating activities | $110.5 | $341.4 | $(230.9)
Investing activities | (263.7) | (224.6) | (39.1)
Financing activities | 62.4 | 115.2 | (52.8)
Effect of exchange rate changes on cash and cash equivalents | 1.0 | (0.5) | 1.5
Net decrease in cash,cash equivalents and restricted cash | $(89.8) | $231.5 | $(321.3)


Question: What is the cash provided by financing activities in 2019?
Answer: $62.4 million
The following table shows the activity of our U.S. and international plan assets, which are measured at fair value using Level 3 inputs.
(1) Balances as of December 31, 2018 have been revised from our 2018 Form 10-K filing to reflect changes in leveling classification of specific funds. These reclassifications did not impact the fair value of any of our pension plan assets.
(2) Purchases of Level 3 assets in 2018 primarily represent the purchase of bulk annuity contracts (buy-ins) in some of our international plans.
Table:
 | December 31, | 
(In millions) | 2019 | 2018
Balance at beginning of period(1) | $ 150.1 | $ 71.5
Gains (losses) on assets still held at end of year | 16.8 | (16.0)
Purchases, sales, issuance, and settlements(2) | 8.3 | 103.7
Transfers in and/or out of Level 3 | — | 1.0
Foreign exchange gain (loss) | 5.0 | (10.1)
Balance at end of period(1) | $ 180.2 | $ 150.1


Question: What is percentage growth of Balance at end of period for year 2018 to 2019?
Answer: 20.05
Calculation: (180.2-150.1)/150.1
AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed)
At December 31, 2019 and 2018, the Company has provided a valuation allowance of $194.2 million and $151.9 million, respectively, which primarily relates to foreign items. The increase in the valuation allowance for the year ending December 31, 2019 is due to uncertainty as to the timing of, and the Company’s ability to recover, net deferred tax assets in certain foreign operations in the foreseeable future, offset by fluctuations in foreign currency exchange rates. The amount of deferred tax assets considered realizable, however, could be adjusted if objective evidence in the form of cumulative losses is no longer present and additional weight may be given to subjective evidence such as the Company’s projections for growth.
A summary of the activity in the valuation allowance is as follows:
(1) Includes net charges to expense and allowances established due to acquisition.
The recoverability of the Company’s deferred tax assets has been assessed utilizing projections based on its current operations. Accordingly, the recoverability of the deferred tax assets is not dependent on material asset sales or other non-routine transactions. Based on its current outlook of future taxable income during the carryforward period, the Company believes that deferred tax assets, other than those for which a valuation allowance has been recorded, will be realized.
Table:
 | 2019 | 2018 | 2017
Balance as of January 1, | $151.9 | $142.0 | $144.4
Additions (1) | 42.5 | 15.7 | 11.6
Reversals | — | — | (9.1)
Foreign currency translation | (0.2) | (5.8) | (4.9)
Balance as of December 31, | $194.2 | $151.9 | $142.0


Question: How many years was the balance as of December 31 above $150 million?
Answer: 2
Calculation: 2019##2018
Note 16. Accrued Employee Compensation and Benefits
Accrued employee compensation and benefits consisted of the following (in thousands):
Table:
 | December 31, | 
 | 2019 | 2018
Accrued compensation | $38,186 | $34,095
Accrued bonus and commissions | 27,039 | 19,835
Accrued vacation | 20,647 | 19,019
Accrued employment taxes | 16,468 | 15,598
Accrued severance and related costs (Note 5) | 485 | 793
Other | 6,766 | 6,473
 | $109,591 | $95,813


Question: What was the amount of  Accrued employment taxes  in 2018?
Answer: 15,598
BUSINESS COMBINATION IN FISCAL 2019
Purchase of a fibre network and corresponding assets
On October 3, 2018, the Corporation's subsidiary, Atlantic Broadband, completed the acquisition of the south Florida fibre network previously owned by FiberLight, LLC. The transaction, combined with the dark fibers acquired from FiberLight in the second quarter of fiscal 2018, added 350 route miles to Atlantic Broadband’s existing south Florida footprint.
The acquisition was accounted for using the purchase method and was subject to post closing adjustments. The final allocation of the purchase price of this acquisition is as follows:
Table:
 | Final | Preliminary
 | August 31, 2019 | November 30, 2018
(In thousands of Canadian dollars) | $ | $
Purchase price |  | 
Consideration paid at closing | 38,876 | 38,876
Balance due on business combinations | 5,005 | 5,005
 | 43,881 | 43,881
Net assets acquired |  | 
Trade and other receivables | 1,308 | 1,743
Prepaid expenses and other | 335 | 335
Property, plant and equipment | 28,785 | 45,769
Intangible assets | 3,978 | —
Goodwill | 11,093 | —
Trade and other payables assumed | (644) | (644)
Contract liabilities and other liabilities assumed | (974) | (3,322)
 | 43,881 | 43,881


Question: Which company was acquired by Atlantic Broadband in 2018?
Answer: south Florida fibre network