hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
11 Dividends
The proposed dividend is subject to approval in 2020. It is therefore not included as a liability in these Financial Statements. No scrip alternative to the cash dividend is being offered in respect of the proposed final dividend for the year ended 31st December 2019.
Table:
 | 2019 | 2018
 | £m | £m
Amounts paid in the year: |  | 
Final dividend for the year ended 31st December 2018 of 71.0p (2017: 62.0p) per share | 52.3 | 45.7
Interim dividend for the year ended 31st December 2019 of 32.0p (2018: 29.0p) per share | 23.6 | 21.3
Total dividends paid | 75.9 | 67.0
Amounts arising in respect of the year: |  | 
Interim dividend for the year ended 31st December 2019 of 32.0p (2018: 29.0p) per share | 23.6 | 21.3
Proposed final dividend for the year ended 31st December 2019 of 78.0p (2018: 71.0p) per share | 57.5 | 52.3
Total dividends arising | 81.1 | 73.6


Question: When is the proposed dividend subject to be approved?
Answer: 2020
does not believe are in our and our stockholders 2019 best interest . the rights plan is intended to protect stockholders in the event of an unfair or coercive offer to acquire the company and to provide our board of directors with adequate time to evaluate unsolicited offers . the rights plan may prevent or make takeovers or unsolicited corporate transactions with respect to our company more difficult , even if stockholders may consider such transactions favorable , possibly including transactions in which stockholders might otherwise receive a premium for their shares . item 1b . unresolved staff comments item 2 . properties as of december 31 , 2016 , our significant properties used in connection with switching centers , data centers , call centers and warehouses were as follows: .

Table:
 | approximate number | approximate size in square feet
switching centers | 57 | 1400000
data centers | 8 | 600000
call center | 16 | 1300000
warehouses | 16 | 500000
as of december 31 , 2016 , we leased approximately 60000 cell sites .
as of december 31 , 2016 , we leased approximately 2000 t-mobile and metropcs retail locations , including stores and kiosks ranging in size from approximately 100 square feet to 17000 square feet .
we currently lease office space totaling approximately 950000 square feet for our corporate headquarters in bellevue , washington .
we use these offices for engineering and administrative purposes .
we also lease space throughout the u.s. , totaling approximately 1200000 square feet as of december 31 , 2016 , for use by our regional offices primarily for administrative , engineering and sales purposes .
item 3 .
legal proceedings see note 12 2013 commitments and contingencies of the notes to the consolidated financial statements included in part ii , item 8 of this form 10-k for information regarding certain legal proceedings in which we are involved .
item 4 .
mine safety disclosures part ii .
item 5 .
market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities market information our common stock is traded on the nasdaq global select market of the nasdaq stock market llc ( 201cnasdaq 201d ) under the symbol 201ctmus . 201d as of december 31 , 2016 , there were 309 registered stockholders of record of our common stock , but we estimate the total number of stockholders to be much higher as a number of our shares are held by brokers or dealers for their customers in street name. .

Question: as of 2016 , what was the average size of data centers?
Answer: 75000
Calculation: divide(600000, 8)
Operating Expenses
The following table highlights our operating expenses and operating loss as a percentage of net revenues:
Table:
 |  | Year Ended  | 
 | June 30,
2019 | June 30,2018 | June 30,
2017
Research and development   | 21.1% | 18.7% | 15.4%
Sales and marketing   | 28.7% | 27.2% | 26.8%
General and administrative   | 5.6% | 5.2% | 6.2%
Acquisition and integration costs, net of bargain purchase gain   | 0.3% | 5.5% | 2.2%
Restructuring charges, net of reversals   | 0.5% | 0.8% | 1.5%
Amortization of intangibles   | 0.6% | 0.9% | 1.4%
Total operating expenses | 56.8% | 58.3% | 53.5%
Operating (loss) income   | (1.5)% | (3.9)% | 1.0%


Question: What was Research and Development as a percentage of net revenues in 2018?
Answer: 18.7
Foreign Sales
Revenues in each of the Company’s segments include sales to foreign governments or to companies located in foreign countries. For the years ended April 30, 2019 and 2018, revenues, based on the location of the procurement entity and excluding intersegment sales, were derived from the following countries (in thousands):
Table:
 | 2019 | 2018
Belgium | $49 | $64
France | 40 | 154
China | 359 | 512
Russia | 2 | 302
Germany | 36 | 143
Italy | 159 | 110
South Korea | - | 314
Singapore | 215 | 376
Other | 525 | 469
 | $1,361 | $ 2,444


Question: What does the table show?
Answer: For the years ended April 30, 2019 and 2018, revenues, based on the location of the procurement entity and excluding intersegment sales
REVENUES BY SERVICES AND PRODUCTS
The following table presents our revenues disaggregated by type of services and products.
(1) Our service revenues are generally recognized over time.
(2) Our product revenues are generally recognized at a point in time.
Table:
FOR THE YEAR ENDED DECEMBER 31 | 2019 | 2018
Services (1) |  | 
Wireless | 6,427 | 6,269
Wireline data | 7,684 | 7,466
Wireline voice | 3,564 | 3,782
Media | 2,811 | 2,677
Other wireline services | 251 | 247
Total services | 20,737 | 20,441
Products (2) |  | 
Wireless | 2,660 | 2,497
Wireline data | 519 | 466
Wireline equipment and other | 48 | 64
Total products | 3,227 | 3,027
Total operating revenues | 23,964 | 23,468


Question: How are the service revenues generally recognized?
Answer: over time
notes to consolidated financial statements ( continued ) note 8 2014commitments and contingencies ( continued ) provide renewal options for terms of 3 to 7 additional years . leases for retail space are for terms of 5 to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options . as of september 29 , 2007 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 1.4 billion , of which $ 1.1 billion related to leases for retail space . rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 151 million , $ 138 million , and $ 140 million in 2007 , 2006 , and 2005 , respectively . future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 29 , 2007 , are as follows ( in millions ) : fiscal years .

Table:
2008 | $ 155
2009 | 172
2010 | 173
2011 | 160
2012 | 148
thereafter | 617
total minimum lease payments | $ 1425
accrued warranty and indemnifications the company offers a basic limited parts and labor warranty on its hardware products .
the basic warranty period for hardware products is typically one year from the date of purchase by the end-user .
the company also offers a 90-day basic warranty for its service parts used to repair the company 2019s hardware products .
the company provides currently for the estimated cost that may be incurred under its basic limited product warranties at the time related revenue is recognized .
factors considered in determining appropriate accruals for product warranty obligations include the size of the installed base of products subject to warranty protection , historical and projected warranty claim rates , historical and projected cost-per-claim , and knowledge of specific product failures that are outside of the company 2019s typical experience .
the company assesses the adequacy of its preexisting warranty liabilities and adjusts the amounts as necessary based on actual experience and changes in future estimates .
for products accounted for under subscription accounting pursuant to sop no .
97-2 , the company recognizes warranty expense as incurred .
the company periodically provides updates to its applications and system software to maintain the software 2019s compliance with specifications .
the estimated cost to develop such updates is accounted for as warranty costs that are recognized at the time related software revenue is recognized .
factors considered in determining appropriate accruals related to such updates include the number of units delivered , the number of updates expected to occur , and the historical cost and estimated future cost of the resources necessary to develop these updates. .

Question: what percentage of future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year are due after 2012?
Answer: 43%
Calculation: divide(617, 1425)
Reconciliations between the amounts computed by applying the U.S. federal statutory tax rate to loss before income taxes, and income tax expense (benefit) follows (in thousands):
We determined no material liabilities related to uncertain income tax positions existed as of December 31, 2019 or 2018, based on our analysis of tax positions taken on income tax returns filed. Although we believe the amounts reflected in our tax returns substantially comply with applicable U.S. federal, state, and foreign tax regulations, the respective taxing authorities may take contrary positions based on their interpretation of the law. A tax position successfully challenged by a taxing authority could result in an adjustment to our provision or benefit for income taxes in the period in which a final determination is made.
Table:
Year Ended December 31 |  | 
 | 2019 | 2018
Income tax benefit at federal statutory rate | $(2,928) | $(1,692)
Increase (decrease) resulting from: |  | 
State tax benefit, net of federal tax effect | (437) | (184)
Effect of change in state tax rate | (26) | 146
Change in valuation allowance | 3,341 | (8,474)
Expirations of net operating losses and application of IRC 382 limitation | 7 | 9,939
Adjustments to deferreds | (29) | 321
Other | 72 | (11)
Income tax expense | $          - | $           45


Question: What is the average income tax benefit in 2018 and 2019?
Answer: 2310
Calculation: (1,692 + 2,928)/2
Note: Net loss equals to comprehensive loss for all years presented.
(1) Net loss per share and weighted average shares, basic and diluted are adjusted to reflect 1-for-14 reverse stock split effected on December 23, 2019.
The accompanying notes form an integral part of these Consolidated Financial Statements.
CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts)
Table:
 | 2019 | 2018 | 2017
Statements of Operations: |  |  | 
Revenue | $10,310 | $12,629 | $12,149
Cost of revenue | 4,405 | 6,295 | 6,627
Gross profit | 5,905 | 6,334 | 5,522
Operating expenses: |  |  | 
Research and development | 12,350 | 9,948 | 9,572
Selling, general and administrative | 8,918 | 9,982 | 9,900
Loss from operations | (15,363) | (13,596) | (13,950)
Interest expense | (350) | (108) | (115)
Interest income and other expense, net | 189 | 77 | 21
Loss before income taxes | (15,524) | (13,627) | (14,044)
(Benefit from) Provision for income taxes | (80) | 152 | 87
Net loss | $(15,444) | $(13,779) | $(14,131)
Net loss per share: (1) |  |  | 
Basic and diluted | $(2.02) | $(2.16) | $(2.56)
Weighted average shares: |  |  | 
Basic and diluted | 7,663 | 6,365 | 5,521


Question: What is the percentage change in revenue between 2018 and 2019?
Answer: -18.36
Calculation: (10,310 - 12,629)/12,629
Warranty Obligations
We offer warranties on certain products and record a liability for the estimated future costs associated with warranty claims at the time revenue is recognized. The warranty liability is based upon historical experience and our estimate of the level of future costs. While we engage in product quality programs and processes, our warranty obligation is affected by product failure rates, material usage and service delivery costs incurred in correcting a product failure.
We continuously monitor product returns for warranty and maintain a reserve for the related expenses based upon our historical experience and any specifically identified field failures. As we sell new products to our customers, we must exercise considerable judgment in estimating the expected failure rates. This estimating process is based on historical experience of similar products, as well as various other assumptions that we believe to be reasonable under the circumstances.
We provide for the estimated cost of product warranties at the time revenue is recognized. Warranty costs are reflected in the Consolidated Statement of Income as a Cost of revenues. A reconciliation of the changes in our warranty liability is as follows (in thousands):
Table:
 |  | Fiscal Year Ended | 
 | December 28,
2019 | December 29, 2018 | December 30, 2017
Balance at beginning of year | $2,102 | $ 3,662 | $2,972
Accruals | 3,881 | 3,181 | 8,115
Settlements | (4,041) | (4,741) | (7,425)
Balance at end of year | $1,942 | $2,102 | $3,662


Question: In which year was Accruals less than 4,000 thousands?
Answer: 2019, 2018
Calculation: locate and analyze Accruals in row 4
14 . leases we lease certain locomotives , freight cars , and other property . the consolidated statement of financial position as of december 31 , 2009 and 2008 included $ 2754 million , net of $ 927 million of accumulated depreciation , and $ 2024 million , net of $ 869 million of accumulated depreciation , respectively , for properties held under capital leases . a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2009 were as follows : millions of dollars operating leases capital leases .

Table:
millions of dollars | operatingleases | capital leases
2010 | $ 576 | $ 290
2011 | 570 | 292
2012 | 488 | 247
2013 | 425 | 256
2014 | 352 | 267
later years | 2901 | 1623
total minimum lease payments | $ 5312 | $ 2975
amount representing interest | n/a | -914 ( 914 )
present value of minimum lease payments | n/a | $ 2061
the majority of capital lease payments relate to locomotives .
rent expense for operating leases with terms exceeding one month was $ 686 million in 2009 , $ 747 million in 2008 , and $ 810 million in 2007 .
when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .
contingent rentals and sub-rentals are not significant .
15 .
commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries .
we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity ; however , to the extent possible , where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated , we have recorded a liability .
we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters .
personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year .
we use third-party actuaries to assist us in measuring the expense and liability , including unasserted claims .
the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents .
under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements .
we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at .

Question: what percent of total minimum operating lease payments are due in 2011?
Answer: 11%
Calculation: divide(570, 5312)
Operating costs
Total Group adjusted operating costs were up $8.3 million or 3.1 per cent in 2019 compared to last year, broadly in line with inflation. The emphasis remained on effective resource allocation and careful cost management. The overall investment in product development was maintained, with continuing focus on high-growth, high-margin areas. Investment in the sales and marketing organisation was targeted on expanding our key account management programme to drive incremental business with our most valuable customers and developing routes to market for our new technologies to a broadening customer base. Administration costs in 2019 reflected an inflationary increase and higher corporate costs, primarily due to CEO transition.
Segmentally, investment continued in Networks & Security, where we see the most near-term opportunities for growth, particularly in relation to 400G high-speed Ethernet and our Positioning business. A new General Manager joined Lifecycle Service Assurance in October and a review is in progress to evolve the business and optimise the organisational structure to expand the customer base and deliver on our growth agenda. Proactive cost management has once again been demonstrated within Connected Devices, where we have seen a decrease in legacy product revenue year-on-year. As stated above, corporate costs in 2019 included costs associated with CEO transition.
Note
1. Before exceptional items, acquisition related costs, acquired intangible asset amortisation and share-based payment amounting to $4.3 million in total (2018 $19.6 million).
Table:
$ million | 2019 | 2018
Product development | 96.5 | 96.9
Selling and marketing | 129.2 | 123.9
Administration1 | 50.0 | 46.6
Adjusted operating costs1 | 275.7 | 267.4
Networks & Security | 158.4 | 148.9
Lifecycle Service Assurance | 70.5 | 70.5
Connected Devices | 38.2 | 40.8
Corporate | 8.6 | 7.2
Adjusted operating costs1 | 275.7 | 267.4


Question: What is the change in the total group adjusted operating costs?
Answer: up $8.3 million
Fiscal 2019 compared to fiscal 2018
The following table sets forth our Consolidated Statements of Operations data as a percentage of net revenues for the periods indicated:
Note: The percentages may not add due to rounding.
Table:
 | Fiscal Year | 
 | 2019 | 2018
Net revenues | 100% | 100%
Cost of revenues | 22 | 21
Gross profit | 78 | 79
Operating expenses: |  | 
Sales and marketing | 32 | 33
Research and development | 19 | 20
General and administrative | 9 | 12
Amortization of intangible assets | 4 | 5
Restructuring, transition and other costs | 5 | 8
Total operating expenses | 70 | 78
Operating income | 8 | 1
Interest expense | (4) | (5)
Gain on divestiture | — | 14
Other expense, net | (1) | —
Income from continuing operations before income taxes | 2 | 9
Income tax expense (benefit) | 2 | (14)
Income from continuing operations | — | 23
Income from discontinued operations, net of income taxes | — | —
Net income | 1% | 24%


Question: What does the table show?
Answer: Consolidated Statements of Operations data as a percentage of net revenues for the periods indicated
NOTE 11 – OTHER RECEIVABLES
No significant other receivables are past due or credit impaired.
The carrying amount is a reasonable approximation of fair value due to the short-term nature of the receivables. Please refer to note 21 for further information on fair value hierarchies.
Table:
USDm | 2019 | 2018
Partners and commercial managements | 1.9 | -
Derivative financial instruments | 0.5 | 3.7
Tax receivables | 1.5 | 1.2
Other | 2.3 | 2.6
Balance as of 31 December | 6.2 | 7.5


Question: What information does note 21 contain?
Answer: further information on fair value hierarchies
Free cash flow generation
Bridge from operating income to free cash flow (illustrative)
Focus on delivering a high conversion of operating income to free cash flow of operating income to free cash flow
of operating income to free cash flow
Ongoing activities to reduce costs “below operating income”, including restructuring, financial net and tax
Striving to maintain working capital efficiency but fluctuations may impact cash flow
Planning assumption for capex is about 2% of net sales, while expected to remain above 2% in 2020 due to the new factory in the US
Ambition to over time maintain restructuring charges to around 1% of net sales
M&A will vary depending on strategic decisions but assumed to be around 1–2% of net sales
Operating margin excluding restructuring charges. All numbers are in relation to net sales.
1) Restructuring charges as reported in the income statement for each year.
Table:
 | 2018 | 2019 | Ambition
Operating margin | 4.4% | 5.0% | >12%
financial net, tax and other | -3.8% | -2.5% | -4%
+ depreciation and amortization | +3.9% | +2.9% | +3 to 4%
+ depreciation of leased assets | – | +1.1% | +1%
± change in working capital | +3.7% | +1.0% | ±0
- capex | - 2.4% | -2.8% | -2%
- leasing payment | - | -1.3% | -1%
-  restructuring costs1) | -3.8% | -0.4% | -1%
Free cash flow (before M&A) | 2.0% | 3.4% | >8%
- M&A | -0.6% | -0.7% | ~1 to -2%


Question: What is the operating margin in 2018?
Answer: 4.4%
Performance-Based Restricted Stock Units
PRSU activity is summarized as follows (shares in thousands):
1 Assumes maximum achievement of the specified financial targets.
The weighted-average grant date fair value of PRSUs granted during the years ended December 31, 2019, 2018, and 2017 was $56.74, $40.53, and $41.73, respectively.
Unrecognized compensation expense related to unvested PRSUs was $16.9 million at December 31, 2019, which is expected to be recognized over a weighted-average period of 1.7 years.
Table:
 | Number of Shares | Weighted- Average Grant Date Fair Value
Unvested shares at December 31, 2018 | 1,924 | $40.81
Granted | 390 | 56.74
Forfeited | (562) | 41.29
Vested | — | —
Unvested shares at December 31, 2019 1 | 1,752 | $44.21


Question: What was the weighted-average grant date fair value of PRSUs granted in 2018?
Answer: $40.53
26 Operating leases
The Group earns rental income by leasing its investment properties to tenants under operating leases.
In the UK the standard shopping centre lease is for a term of 10 to 15 years. Standard lease provisions include service charge payments, recovery of other direct costs and review every five years to market rent. Standard turnover-based leases have a turnover percentage agreed with each lessee which is applied to a retail unit’s annual sales and any excess between the resulting turnover rent and the minimum rent is receivable by the Group and recognised as income in the period in which it arises.
The Group’s secure rental income profile is underpinned by long lease lengths (as mentioned above), high occupancy and upward only rent reviews.
The future minimum lease amounts receivable by the Group under non-cancellable operating leases for continuing operations are as follows:
The income statement includes £12.7 million (2018: £14.4 million) recognised in respect of contingent rents calculated by reference to tenants’ turnover.
Table:
£m | 2019 | 2018
Not later than one year | 322.6 | 374.6
Later than one year and not later than five years | 788.3 | 987.2
Later than five years | 657.3 | 973.5
 | 1,768.2 | 2,335.3


Question: What is the amount of contingent rents calculated by reference to tenants' turnover in 2019?
Answer: £12.7 million