hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Services Business
We offer services to customers and partners to help to maximize the performance of their investments in Oracle applications and infrastructure technologies. Services revenues are generally recognized as the services are performed. The cost of providing our services consists primarily of personnel related expenses, technology infrastructure expenditures, facilities expenses and external contractor expenses.
(1) Excludes stock-based compensation and certain expense allocations. Also excludes amortization of intangible assets and certain other GAAP-based expenses, which were not allocated to our operating segment results for purposes of reporting to and review by our CODMs, as further described under “Presentation of Operating Segments and Other Financial Information” above.
Excluding the effects of currency rate fluctuations, our total services revenues decreased in fiscal 2019 relative to fiscal 2018 primarily due to revenue declines in our education services and, to a lesser extent, our consulting services. During fiscal 2019, constant currency increases in our EMEA-based services revenues were offset by constant currency services revenue decreases in the Americas and the Asia Pacific regions.
In constant currency, total services expenses increased in fiscal 2019 compared to fiscal 2018 primarily due to an increase in employee related expenses and external contractor expenses associated with investments in our consulting services that support our cloud offerings. In constant currency, total margin and total margin as a percentage of total services revenues decreased during fiscal 2019 relative to fiscal 2018 due to decreased revenues and increased expenses for this business.
Table:
 |  |  | Percent Change | 
(Dollars in millions) | 2019 | Actual | Constant | 2018
Services Revenues: |  |  |  | 
Americas | $1,576 | -5% | -3% | $1,654
EMEA | 1,021 | -2% | 2% | 1,046
Asia Pacific | 643 | -7% | -4% | 695
Total revenues | 3,240 | -5% | -2% | 3,395
Total Expenses (1) | 2,703 | -1% | 2% | 2,729
Total Margin | $537 | -19% | -18% | $666
Total Margin % | 17% |  |  | 20%
% Revenues by Geography: |  |  |  | 
Americas | 49% |  |  | 49%
EMEA | 31% |  |  | 31%
Asia Pacific | 20% |  |  | 20%


Question: By how much less did the company make in services revenues in 2019 compared to 2018?
Answer: 155
Calculation: 3,395 - 3,240
Share Repurchase
On December 18, 2019, the Board of Directors authorized to remove the expiration date to the Company’s common stock share repurchase program and increase the authorized amount by $25.1 million increasing the authorization to repurchase shares up to a total of $50.0 million. As of December 31, 2019, a total of $50.0 million remained available for future share repurchases. We repurchased 1.7 million shares for $95.1 million and 0.4 million shares for $30.0 million in fiscal 2018 and 2017, respectively. There were no shares repurchased in fiscal 2019. CASH FLOWS
A summary of our cash provided by and used in operating, investing, and financing activities is as follows (in thousands):
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Net cash provided by (used in) operating activities from continuing operations | $47,899 | $151,427
Net cash provided by (used in) operating activities from discontinued operations | 493 | (156)
Net cash provided by (used in) operating activities | 48,392 | 151,271
Net cash provided by (used in) investing activities from continuing operations | (393,847) | (113,592)
Net cash provided by (used in) financing activities from continuing operations | 338,840 | (97,134)
EFFECT OF CURRENCY TRANSLATION ON CASH | (1,496) | (1,030)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (8,111) | (60,485)
CASH AND CASH EQUIVALENTS, beginning of period | 354,552 | 415,037
CASH AND CASH EQUIVALENTS, end of period | 346,441 | 354,552
Less cash and cash equivalents from discontinued operations | — | 5,251
CASH AND CASH EQUIVALENTS FROM CONTINUING OPERATIONS, end of period | $346,441 | $349,301


Question: What does the table show?
Answer: summary of our cash provided by and used in operating, investing, and financing activities
entergy louisiana , llc and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $ 175.4 million primarily due to the effect of a settlement with the irs related to the 2010-2011 irs audit , which resulted in a $ 136.1 million reduction of income tax expense . also contributing to the increase were lower other operation and maintenance expenses , higher net revenue , and higher other income . the increase was partially offset by higher depreciation and amortization expenses , higher interest expense , and higher nuclear refueling outage expenses . 2015 compared to 2014 net income increased slightly , by $ 0.6 million , primarily due to higher net revenue and a lower effective income tax rate , offset by higher other operation and maintenance expenses , higher depreciation and amortization expenses , lower other income , and higher interest expense . net revenue 2016 compared to 2015 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges . following is an analysis of the change in net revenue comparing 2016 to 2015 . amount ( in millions ) .

Table:
 | amount ( in millions )
2015 net revenue | $ 2408.8
retail electric price | 69.0
transmission equalization | -6.5 ( 6.5 )
volume/weather | -6.7 ( 6.7 )
louisiana act 55 financing savings obligation | -17.2 ( 17.2 )
other | -9.0 ( 9.0 )
2016 net revenue | $ 2438.4
the retail electric price variance is primarily due to an increase in formula rate plan revenues , implemented with the first billing cycle of march 2016 , to collect the estimated first-year revenue requirement related to the purchase of power blocks 3 and 4 of the union power station .
see note 2 to the financial statements for further discussion .
the transmission equalization variance is primarily due to changes in transmission investments , including entergy louisiana 2019s exit from the system agreement in august 2016 .
the volume/weather variance is primarily due to the effect of less favorable weather on residential sales , partially offset by an increase in industrial usage and an increase in volume during the unbilled period .
the increase .

Question: assuming the retail electric price increase wouldn't have occured , what would 2016 net revenue have been , in millions?
Answer: 2369.4
Calculation: subtract(2438.4, 69.0)
Cash Flows
Our cash flows from operations are significantly impacted by timing of invoicing and collections of accounts receivable and annual bonus payments, as well as payments of payroll, payroll taxes, and other taxes.
We expect that we will continue to generate positive cash flows from operations on an annual basis, although this may fluctuate significantly on a quarterly basis. In particular, we typically use more cash during the first fiscal quarter ended October 31, as we generally pay cash bonuses to our employees for the prior fiscal year during that period and pay seasonally higher sales commissions from increased customer orders booked in our fourth fiscal quarter.
We believe that our existing cash and cash equivalents and sources of liquidity will be sufficient to fund our operations for at least the next 12 months. Our future capital requirements will depend on many factors, including our rate of revenue growth, the expansion of our sales and marketing activities, the timing and extent of our spending to support our research and development efforts, investments in cloud infrastructure and operating costs, and expansion into other markets.
We also may invest in or acquire complementary businesses, applications, or technologies, which may require the use of significant cash resources and/or additional financing. The following summary of cash flows for the periods indicated has been derived from our consolidated financial statements included elsewhere in this Annual Report on Form 10-K (in thousands):
Table:
 | Fiscal years ended July 31, | 
 | 2019 | 2018
Net cash provided by operating activities | $116,126 | $140,459
Net cash used in investing activities | $(301,433) | $(537,584)
Net cash provided by financing activities | $3,954 | $573,000


Question: What was the average Net cash provided by operating activities for 2018 and 2019?
Answer: 128292.5
Calculation: (116,126 + 140,459) / 2
Liquidity and Capital Resources
Working Capital
The following table summarizes our cash and cash equivalents, accounts receivable, net and working capital, for the periods indicated (in thousands):
We define working capital as current assets minus current liabilities. Our cash and cash equivalents as of December 31, 2019 are available for working capital purposes. We do not enter into investments for trading purposes, and our investment policy is to invest any excess cash in short term, highly liquid investments that limit the risk of principal loss; therefore, our cash and cash equivalents are held in demand deposit accounts that generate very low returns.
Table:
 |  | As of December 31, | 
 | 2019 | 2018 | 2017
Cash and cash equivalents | $119,629 | $146,061 | $96,329
Accounts receivable, net | 76,373 | 49,510 | 40,634
Working capital | 167,879 | 152,793 | 119,433


Question: How many years did net accounts receivables exceed $50,000 thousand?
Answer: 1
Calculation: 2019
The reconciliation between U.S. federal income taxes at the statutory rate and income tax expense (benefit) was as follows:
(1) The U.S. federal statutory rate was 21% for fiscal 2019, 24.58% for fiscal 2018, and 35%
for fiscal 2017.
(2) Excludes items which are separately presented.
The income tax benefit for fiscal 2019 included a $216 million income tax benefit related to the tax impacts of certain measures of the Switzerland Federal Act on Tax Reform and AHV Financing (“Swiss Tax Reform”), a $90 million income tax benefit related to the effective settlement of a tax audit in a non-U.S. jurisdiction, and $15 million of income tax expense associated with the tax impacts of certain legal entity restructurings and intercompany transactions. See “Swiss Tax Reform” below for additional information regarding Swiss Tax Reform.
The income tax benefit for fiscal 2018 included a $1,222 million net income tax benefit associated with the tax impacts of certain legal entity restructurings and intercompany transactions that occurred in the quarter ended September 28, 2018. The net income tax benefit of $1,222 million related primarily to the recognition of certain non-U.S. loss carryforwards and basis differences in subsidiaries expected to be utilized against future taxable income, partially offset by a $46 million increase in the valuation allowance for certain U.S. federal tax credit carryforwards. The income tax benefit for fiscal 2018 also included $567 million of income tax expense related to the tax impacts of the Tax Cuts and Jobs Act (the “Act”) and a $61 million net income tax benefit related to the tax impacts of certain legal entity restructurings that occurred in the quarter ended December 29, 2017. See “Tax Cuts and Jobs Act” below for additional information regarding the Act.
The income tax expense for fiscal 2017 included a $52 million income tax benefit associated with the tax impacts of certain intercompany transactions and the corresponding reduction in the valuation allowance for U.S. tax loss carryforwards, a $40 million income tax benefit related to share-based payments and the adoption of ASU No. 2016-09, and a $14 million income tax benefit associated with pre-separation tax matters.
Table:
 |  | Fiscal | 
 | 2019 | 2018 | 2017
 |  | (in millions) | 
Notional U.S. federal income tax expense at the statutory rate (1) | $ 406 | $ 551 | $ 602
Adjustments to reconcile to the income tax expense (benefit): |  |  | 
U.S. state income tax benefit, net | (5) | (7) | (4)
Tax law changes | 15 | 638 | 7
Tax credits | (22) | (8) | (8)
Non-U.S. net earnings(2) | (166) | (213) | (355)
Change in accrued income tax liabilities | (61) | 13 | 24
Valuation allowance | (163) | 33 | (1)
Legal entity restructuring and intercompany transactions | 3 | (1,329) | (40)
Excess tax benefits from share-based payments | (8) | (24) | (40)
Other | (14) | 2 | (5)
Income tax expense (benefit) | $ (15) | $ (344) | $ 180


Question: What was the percentage change in Notional U.S. federal income tax expense at the statutory rate in 2019 from 2018?
Answer: -26.32
Calculation: (406-551)/551
Other Key Financial Measures
The following is a summary of our other key financial measures for fiscal 2019 compared with fiscal 2018 (in millions):
(1) Deferred revenue decreased primarily due to the adoption of ASC 606 in the beginning of our first quarter of fiscal 2019. See Note 2 to the Consolidated Financial Statements for the impact of this adoption.
Table:
 | Fiscal 2019 | Fiscal 2018
Cash and cash equivalents and investments | $33,413 | $46,548
Cash provided by operating activities | $15,831 | $13,666
Deferred revenue (1) | $18,467 | $19,685
Repurchases of common stock—stock repurchase program | $20,577 | $17,661
Dividends | $5,979 | $5,968
Inventories | $1,383 | $1,846


Question: What was the change in Cash provided by operating activities between 2018 and 2019?
Answer: 2165
Calculation: 15,831-13,666
Stock-based Compensation Expense
The following table sets forth our stock-based compensation expense for the years ended December 31, 2019, 2018 and 2017 (in thousands):
Stock-based compensation awards include employee stock options, restricted stock awards and units, and employee stock purchases. For the year ended December 31, 2019, stock-based compensation expense was $31.6 million, of which $0.2 million related to employee stock options, $29.1 million related to restricted stock awards and units and $2.3 million related to employee stock purchases. For the year ended December 31, 2018, stock-based compensation expense was $31.0 million, of which $0.4 million related to employee stock options, $28.0 million related to restricted stock awards and units and $2.6 million related to employee stock purchases. The increase in stock-based compensation expense in 2019 compared to 2018 was due primarily to a higher volume of restricted stock unit grants.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Research, development and other related costs | $14,643 | $13,168 | $13,277
Selling, general and administrative | 16,911 | 17,843 | 20,185
Total stock-based compensation expense | $31,554 | $31,011 | $33,462


Question: What is the percentage change in total stock-based compensation expense in 2018 compared to 2017?
Answer: -7.32
Calculation: (31,011-33,462)/33,462
Property and equipment consisted of the following:
Depreciation and amortization expense related to property and equipment was $86.5 million, $97.4 million and $88.8 million during 2019, 2018 and 2017, respectively.
Property and Equipment
Property and equipment is stated at cost. Depreciation is recorded over the shorter of the estimated useful life or the lease term of the applicable assets using the straight-line method beginning on the date an asset is placed in service. We regularly evaluate the estimated remaining useful lives of our property and equipment to determine whether events or changes in circumstances warrant a revision to the remaining period of depreciation. Maintenance and repairs are charged to expense as incurred.
Table:
 | Estimated Useful Lives | December 31, | 
 |  | 2019 | 2018
Computer equipment | 3 years | $ 434.8 | $ 417.6
Software | 3 years | 55.9 | 40.5
Land | Indefinite | 9.0 | 9.0
Buildings, including improvements | 5-40 years | 145.5 | 175.0
Leasehold improvements | Lesser of useful life or remaining lease term | 99.4 | 70.8
Other | 1-20 years | 25.7 | 27.0
Total property and equipment |  | 770.3 | 739.9
Less: accumulated depreciation and amortization |  | (511.7) | (440.9)
Property and equipment, net |  | $ 258.6 | $ 299.0


Question: Between 2018 and 2019 year end, which year had more total property and equipment?
Answer: 2019
Calculation: 770.3>739.9
NON-GAAP FINANCIAL MEASURES
Non-GAAP operating income, net income, and diluted EPS are non-GAAP financial measures which exclude the net tax impact of transfer of intangible properties, the net tax impact of the TCJA, and restructuring expenses. We believe these non-GAAP measures aid investors by providing additional insight into our operational performance and help clarify trends affecting our business. For comparability of reporting, management considers non-GAAP measures in conjunction with GAAP financial results in evaluating business performance. These non-GAAP financial measures presented should not be considered a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP.
The following table reconciles our financial results reported in accordance with GAAP to non-GAAP financial results:
* Not meaningful.
Table:
(In millions, except percentages and per share amounts) | 2019 | 2018 | 2017 | Percentage Change 2019 Versus 2018 | Percentage Change 2018 Versus 2017
Operating income | $42,959 | $35,058 | $  29,025 | 23% | 21%
Net tax impact of transfer of intangible properties | 0 | 0 | 0 | * | *
Net impact of the TCJA | 0 | 0 | 0 | * | *
Restructuring expenses | 0 | 0 | 306 | * | *
Non-GAAP operating income | $42,959 | $35,058 | $ 29,331 | 23% | 20%
Net income | $39,240 | $16,571 | $ 25,489 | 137% | (35)%
Net tax impact of transfer of intangible properties | (2,567) | 0 | 0 | * | *
Net tax impact of the TCJA | 157 | 13,696 | 0 |  | 
Restructuring expenses | 0 | 0 | 243 | * | *
Non-GAAP net income | $36,830 | $30,267 | $ 25,732 | 22% | 18%
Diluted earnings per share | $5.06 | $2.13 | $ 3.25 | 138% | (34)%
Net tax impact of transfer of intangible properties | (0.33) | 0 | 0 | * | *
Net tax impact of the TCJA | 0.02 | 1.75 | 0 | * | *
Restructuring expenses | 0 | 0 | 0.04 | * | *
Non-GAAP diluted earnings per share | $4.75 | $3.88 | $ 3.29 | 22% | 18%
* not meaningful |  |  |  |  | 


Question: How do these non-GAAP measures aid investors?
Answer: We believe these non-GAAP measures aid investors by providing additional insight into our operational performance and help clarify trends affecting our business.
The total remuneration of the Group’s auditors, PricewaterhouseCoopers LLP and other member firms of PricewaterhouseCoopers International Limited, for services provided to the Group during the year ended 31 March 2019 is analysed below
Notes: 1 Fees during the implementation phase of new accounting standards, notably preparations for IFRS 15 “Revenue from Contracts with Customers” in the year ended 31 March 2018 and preparations for IFRS 16 “Leases” in the year ended 31 March 2019.
2 Relates to fees for statutory and regulatory filings during the year. In addition, the amount for the year ended 31 March 2018 includes non-recurring fees that were incurred during the preparations for a potential IPO of Vodafone New Zealand and the merger of Vodafone India and Idea Cellular. The amount for the year ended 31 March 2017 primarily arose from work on regulatory filings prepared in anticipation of a potential IPO of Vodafone India that was under consideration prior to the agreement for the merger of Vodafone India and Idea Cellular.
A description of the work performed by the Audit and Risk Committee in order to safeguard auditor independence when non-audit services are provided is set out in the Audit and Risk Committee report on pages 71 to 76.
Table:
 | 2019 | 2018 | 2017
 | €m | €m | €m
Parent company | 2 | 2 | 2
Subsidiaries | 14 | 14 | 13
Subsidiaries – new accounting standards1 | 1 | 5 | 1
Audit fees: | 17 | 21 | 16
Audit-related fees2 | 2 | 5 | 4
Non-audit fees: | 2 | 5 | 4
Total fees | 19 | 26 | 20


Question: What information does the table show?
Answer: The total remuneration of the Group’s auditors, PricewaterhouseCoopers LLP and other member firms of PricewaterhouseCoopers International Limited, for services provided to the Group during the year ended 31 March 2019
Relative importance of the spend on pay
The following table shows the total expenditure on pay for all of the Company’s employees compared to distributions to shareholders by way of dividend. In order to provide context for these figures, adjusted operating profit is also shown.
Notes
1. Remuneration, social security costs, pension and other related costs and expense of share-based payment (see Note 8 to the Consolidated Financial Statements).
2. Dividends declared and paid in the year include a special dividend paid in 2018 (see Note 12 of the Consolidated Financial Statements). Removing the Special Dividend would give a figure for 2018 of $24.9 million with an increase of 14.86 per cent to the 2019 figure of $28.6 million.
3. Before exceptional items, acquisition related costs, acquired tangible asset amortisation and share-based payment amounting to $4.3 million in total (2018 $19.6 million) (see Note 3 of the Consolidated Financial Statements).
Table:
 | 2019 | 2018 | Per cent
 | $ million | $ million | change
Employee remuneration costs1 | 220.5 | 208.9 | 5.6
Distributions to shareholders2 | 28.6 | 54.8 | (47.8)
Adjusted operating profit3 | 92.9 | 77.1 | 20.5


Question: What do the employee remuneration costs include?
Answer: Remuneration, social security costs, pension and other related costs and expense of share-based payment
Stock-based Compensation Expense
The income tax benefit related to share-based compensation was $66 million, $158 million and $97 million for 2019, 2018 and 2017, respectively. The income tax benefits related to share-based compensation for the periods presented prior to the second quarter of 2018 were offset by an increase in the U.S. valuation allowance. Stock-based compensation expense of $30 million and $19 million was capitalized and remained in inventory as of August 29, 2019 and August 30, 2018, respectively. As of August 29, 2019, $439 million of total unrecognized compensation costs for unvested awards, before the effect of any future forfeitures, was expected to be recognized through the fourth quarter of 2023, resulting in a weighted-average period of 1.3 years.
Table:
For the year ended | 2019 | 2018 | 2017
Stock-based compensation expense by caption |  |  | 
Cost of goods sold | $102 | $83 | $88
Selling, general, and administrative | 73 | 61 | 75
Research and development | 68 | 54 | 52
 | $243 | $198 | $215
Stock-based compensation expense by type of award |  |  | 
Restricted stock awards | $178 | $140 | $144
Stock options | 33 | 55 | 71
ESPP | 32 | 3 | —
 | $243 | $198 | $215


Question: What is the percentage change in stock-based compensation expense from 2017 to 2018?
Answer: -7.91
Calculation: ($198-$215)/$215