hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Vesting of Equity Awards During 2019
The following table provides details regarding the equity awards held by our named executives that vested during 2019. Restricted stock and restricted stock units were the only equity awards held by our named executives during 2019.
(1) Represents both time-vested and performance-based equity awards that vested during 2019. For details on the payout of our performance-based equity awards, please see “Compensation Discussion and Analysis—Our 2019 Compensation Program and Components of Pay—Grants of Long Term Incentive Compensation—Long Term Incentive Performance Updates” and “—Our Compensation Philosophy Objectives and Linkage to Corporate Strategy—Overview of Pay Elements and Linkage to Compensation Philosophy and Corporate Strategy.”
(2) Based on the closing trading price of the Common Shares on the applicable vesting date.
Table:
 | Stock Vested During 2019 | 
Name | Number of Shares Acquired on Vesting(1) | Value Realized on Vesting(2)
Mr. Storey | 1,063,929 | $13,479,617
Mr. Dev | 55,490 | 749,737
Mr. Goff | 114,167 | 1,338,934
Mr. Trezise | 71,576 | 812,600
Mr. Andrews | 16,678 | 221,859


Question: What were the equity awards held by named executives during 2019?
Answer: Restricted stock and restricted stock units
OPERATING EXPENSES
(1) Fiscal 2019 average foreign exchange rate used for translation was 1.3255 USD/CDN.
(2) Fiscal 2018 was restated to comply with IFRS 15 and to reflect a change in accounting policy as well as to reclassify results from Cogeco Peer 1 as discontinued
operations. For further details, please consult the "Accounting policies" and "Discontinued operations" sections.
(3) Fiscal 2019 actuals are translated at the average foreign exchange rate of fiscal 2018 which was 1.2773 USD/CDN.
Fiscal 2019 operating expenses increased by 7.3% (5.4% in constant currency) mainly from:
• growth in the American broadband services segment mainly due to the impact of the MetroCast acquisition which was included in operating expenses for only an eight-month period in the prior year combined with higher programming costs, additional headcount to support growth, higher marketing initiatives to drive primary service units growth and the FiberLight acquisition; and
• additional costs in Inter-segment eliminations and other resulting from the timing of corporate projects and initiatives; partly offset by
• lower operating expenses in the Canadian broadband services segment mainly attributable to lower programming costs resulting from a lower level of primary service units and lower compensation expenses resulting from an operational optimization program implemented in the first half of fiscal 2019, partly offset by higher marketing initiatives, additional headcount costs in the first quarter of fiscal 2019 to support the stabilization phase of the new customer management system as well as retroactive costs related to higher rates than expected established by the Copyright Board of Canada.
For further details on the Corporation’s operating expenses, please refer to the "Segmented operating and financial results" section.
Table:
Years ended August 31, | 2019 (1) | 2018 (2) | Change | Change in constant currency (3) | Foreign exchange impact (3)
(in thousands of dollars, except percentages) | $ | $ | % | % | $
Canadian broadband services | 606,286 | 618,886 | (2.0) | (2.2) | 1,102
American broadband services | 571,208 | 478,172 | 19.5 | 15.2 | 20,522
Inter-segment eliminations and other | 26,486 | 24,567 | 7.8 | 7.8 | 12
 | 1,203,980 | 1,121,625 | 7.3 | 5.4 | 21,636


Question: What was the increase / (decrease) in the Inter-segment eliminations and other from 2018 to 2019?
Answer: 1919
Calculation: 26,486 - 24,567
ITEM 6. SELECTED FINANCIAL DATA
The selected financial data should be read in conjunction with our “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and our audited consolidated financial statements and the related notes to those consolidated financial statements included in this Annual Report.
Year-over-year comparisons are significantly affected by our acquisitions, dispositions and construction of towers. Our transaction with Verizon Communications Inc. (“Verizon” and the transaction, the “Verizon Transaction”) and the acquisition of a controlling ownership interest in Viom Networks Limited (“Viom” and the acquisition, the “Viom Acquisition”), which closed in March 2015 and April 2016, respectively, significantly impact the comparability of reported results between periods. Our principal 2019 acquisitions are described in note 7 to our consolidated financial statements included in this Annual Report.
(2) As of December 31, 2019, 2018, 2017, 2016 and 2015, amounts include $76.8 million, $96.2 million, $152.8 million, $149.3 million, and $142.2 million, respectively, of restricted funds pledged as collateral to secure obligations and cash, the use of which is otherwise limited by contractual provisions.
(3) Total assets as of December 31, 2019 includes the Right-of-use asset recognized in connection with our adoption of the new lease accounting standard described in note 1 to our consolidated financial statements included in this Annual Report
Table:
 |  |  | As of December 31, |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
(In millions) |  |  |  |  | 
Balance Sheet Data: |  |  |  |  | 
Cash and cash equivalents (including restricted cash) (2) | $1,578.0 | $1,304.9 | $954.9 | $936.5 | $462.9
Property and equipment, net | 12,084.4 | 11,247.1 | 11,101.0 | 10,517.3 | 9,866.4
Total assets (3) | 42,801.6 | 33,010.4 | 33,214.3 | 30,879.2 | 26,904.3
Long-term obligations, including current portion | 24,055.4 | 21,159.9 | 20,205.1 | 18,533.5 | 17,119.0
Redeemable noncontrolling interests | 1,096.5 | 1,004.8 | 1,126.2 | 1,091.3 | —
Total American Tower Corporation equity | 5,055.4 | 5,336.1 | 6,241.5 | 6,763.9 | 6,651.7


Question: What was the percentage change in Total American Tower Corporation equity between 2015 and 2016?
Answer: 1.69
Calculation: (6,763.9-6,651.7)/6,651.7
1. Goodwill and Other Intangible Assets
The changes in the carrying amount of goodwill for the years ended December 31, 2019 and 2018, are as follows:
Our 2019 acquisitions of DeliverySlip (as defined herein) and AppRiver (as defined herein) resulted in the addition to our goodwill balance in 2019. Our 2018 acquisition of Erado (as defined herein) resulted in the addition to our goodwill balance in 2018. Our 2018 acquisition adjustments to goodwill reflect the appropriate reallocation of excess purchase price from goodwill to acquired assets and liabilities related to our 2017 Greenview and EMS (as defined herein) purchases. We evaluate goodwill for impairment annually in the fourth quarter, or when there is reason to believe that the value has been diminished or impaired. There were no impairment indicators to the goodwill recorded as of December 31, 2019.
Table:
 | Year Ended December 31, | 
(In thousands) | 2019 | 2018
Opening balance | $ 13,783 | $ 8,469
Additions | 157,121 | 6,215
Acquisition adjustments | — | (901 )
Effect of currency translation adjustment | 305 | —
Goodwill | $ 171,209 | $ 13,783


Question: Which companies did zix acquire in 2019 and 2018 respectively?
Answer: DeliverySlip (as defined herein) and AppRiver (as defined herein), Erado
d) Transaction with other related parties:
Net revenues/(expenses): The transactions with other related parties for the years ended December 31, 2019, 2018 and 2017 consisted of the following:
(i) The Cool Pool - On July 8, 2019 GasLog's vessel charter contracts had concluded and withdrew their participation from the Cool Pool. Following Gaslog's departure, we assumed sole responsibility for the management of the Cool Pool and consolidate the Cool Pool. From point of consolidation, the Cool Pool ceased to be a related party.
(ii) Magni Partners - Tor Olav Trøim is the founder of, and partner in, Magni Partners (Bermuda) Limited, a privately held Bermuda company, and is the ultimate beneficial owner of the company. Receivables and payables from Magni Partners comprise primarily of the cost (without mark-up) or part cost of personnel employed by Magni Partners who have providedadvisory and management services to Golar. These costs do not include any payment for any services provided by Tor Olav Trøim himself.
iii) Borr Drilling - Tor Olav Trøim is the founder, and director of Borr Drilling, a Bermuda company listed on the Oslo and NASDAQ stock exchanges. Receivables comprise primarily of management and administrative services provided by our Bermuda corporate office.
iv) 2020 Bulkers - 2020 Bulkers is a related party by virtue of common directorships. Receivables comprise primarily of management and administrative services provided by our Bermuda corporate office.
Table:
(in thousands of $) | 2019 | 2018 | 2017
The Cool Pool (i) | 39,666 | 151,152 | 59,838
Magni Partners (ii) | (858) | (375) | (260)
Borr Drilling (iii) | 542 | — | —
2020 Bulkers (iv) | 265 | — | —
Total | 39,615 | 150,777 | 59,578


Question: In which year was the transaction with The Cool Pool the highest?
Answer: 2018
Calculation: 151,152 > 59,838 > 39,666
OTHER INCOME (EXPENSE), NET
The components of other income (expense), net were as follows:
We use derivative instruments to: manage risks related to foreign currencies, equity prices, interest rates, and credit; enhance investment returns; and facilitate portfolio diversification. Gains and losses from changes in fair values of derivatives that are not designated as hedging instruments are primarily recognized in other income (expense), net.
Fiscal Year 2019 Compared with Fiscal Year 2018 Interest and dividends income increased primarily due to higher yields on fixed-income securities. Interest expense decreased primarily driven by a decrease in outstanding long-term debt due to debt maturities, offset in part by higher finance lease expense. Net recognized gains on investments decreased primarily due to lower gains on sales of equity investments. Net gains on derivatives includes gains on foreign exchange and interest rate derivatives in the current period as compared to losses in the prior period.
Fiscal Year 2018 Compared with Fiscal Year 2017 Dividends and interest income increased primarily due to higher average portfolio balances and yields on fixed-income securities. Interest expense increased primarily due to higher average outstanding long-term debt and higher finance lease expense. Net recognized gains on investments decreased primarily due to higher losses on sales of fixed-income securities, offset in part by higher gains on sales of equity securities. Net losses on derivatives decreased primarily due to lower losses on equity, foreign exchange, and commodity derivatives, offset in part by losses on interest rate derivatives in the current period as compared to gains in the prior period.
Table:
(In millions) |  |  | 
Year Ended June 30, | 2019 | 2018 | 2017
Interest and dividends income | $    2,762 | $    2,214 | $   1,387
Interest expense | (2,686) | (2,733) | (2,222)
Net recognized gains on investments | 648 | 2,399 | 2,583
Net gains (losses) on derivatives | 144 | (187) | (510)
Net losses on foreign currency remeasurements | (82) | (218) | (111)
Other, net | (57) | (59) | (251)
Total | $  729 | $ 1,416 | $  876


Question: What does the company use derivative instruments for?
Answer: manage risks related to foreign currencies, equity prices, interest rates, and credit; enhance investment returns; and facilitate portfolio diversification.
Non-GAAP Integration and Transformation Costs and Special Items
(UNAUDITED)
($ in millions)
(1) Includes $18 million of hardware impairment for Q3 2018 and $15 million of content commitment impairment and $27 million of hardware, software and internal labor impairment in Q1 2018.
(2) Includes $55 million of restructuring reserve impairment for Q2 2018.
(3) Reference to pro forma figures assume the Level 3 acquisition and the colocation and data center sale took place on January 1, 2017.
Table:
 |  |  | Pro Forma (3)
Integration and Transformation Costs and Special Items Impacting Adjusted EBITDA | 2019 | 2018 | 2017
Consumer litigation settlement | $65 | 0 | 0
Loss on sale of data centers and colocation business | 0 | 0 | 82
OTT/Stream impairment of content commitment and hardware, software, and internal labor(1) | 0 | 60 | 0
Total special items impacting Adjusted EBITDA | 65 | 60 | 82
Plus: integration and transformation costs impacting Adjusted EBITDA (2) | 234 | 378 | 164
Plus: transaction related expenses impacting Adjusted EBTIDA | 0 | 0 | 192
Total integration and transformation costs and special items impacting Adjusted EBITDA | $299 | 438 | 438


Question: What does the OTT/Stream impairment of content commitment and hardware, software, and internal labor costs in 2018 include?
Answer: $18 million of hardware impairment for Q3 2018 and $15 million of content commitment impairment and $27 million of hardware, software and internal labor impairment in Q1 2018
On a worldwide basis, the Company's defined benefit pension plans were 88% funded as of January 31, 2019.
As of January 31, 2019, the aggregate accumulated benefit obligation was $85.1 million for the defined benefit pension plans compared to $139.5 million as of January 31, 2018. Included in the aggregate data in the following tables are the amounts applicable to the Company's defined benefit pension plans, with accumulated benefit obligations in excess of plan assets, as well as plans with projected benefit obligations in excess of plan assets. Amounts related to such plans at the end of each period were as follows: because their exercise prices are higher than the average market value of Autodesk’s stock during the fiscal year.
Table:
 | Fiscal Year Ended January 31, | 
 | 2019 | 2018
Plans with accumulated benefit obligations in excess of plan assets: |  | 
Accumulated benefit obligations | $75.6 | $130.7
Plan assets | 70.0 | 112.1
Plans with projected benefit obligations in excess of plan assets: |  | 
Projected benefit obligations | $91.6 | $158.1
Plan assets | 80.8 | 121.1


Question: How much of the company's defined benefit pension plans were funded as of January 31, 2019?
Answer: 88%
The fair value of the Company’s service-based RSUs was calculated based on fair market value of the Company’s stock at the date of grant, discounted for dividends.
The fair value of the Company’s market-based PRSUs granted during fiscal years 2019, 2018, and 2017 was calculated using a Monte Carlo simulation model at the date of the grant. This model requires the input of highly subjective assumptions, including expected stock price volatility and the estimated life of each award:
As of June 30, 2019, the Company had $271.9 million of total unrecognized compensation expense related to all unvested RSUs granted which is expected to be recognized over a weighted-average remaining period of 2.2 years.
Table:
 |  | YearEnded | 
 | June 30, 2019 | June 24, 2018 | June 25, 2017
Expected volatility | 32.65% | 34.07% | 27.48%
Risk-free interest rate | 2.52% | 2.35% | 1.55%
Expected term (years) | 2.92 | 2.92 | 2.92
Dividend yield | 2.49% | 1.05% | 1.50%


Question: Which model was used for the calculation of the fair value of the Company’s market-based PRSUs granted during fiscal years 2019, 2018, and 2017?
Answer: Monte Carlo simulation model
9. Net interest income/interest expenses
The interest result can be broken down as follows:
Interest income and interest expenses from financial instruments are assigned to the measurement categories according to IFRS 9 on the basis of the underlying transactions.
The interest expenses included here (of the measurement categories in accordance with IFRS 9) primarily include interest expenses for issued bonds (including the Commercial Paper Programme) of €41 million (2017/18: €55 million) and for liabilities to banks of €19 million (2017/18: €12 million).
The decline in interest expenses was primarily the result of more favourable refinancing terms.
Table:
€ million | 2017/2018 | 2018/2019
Interest income | 27 | 29
thereof finance leases | (0) | (0)
thereof from post-employment benefits plans | (5) | (7)
thereof from financial instruments of the measurement categories according to IFRS 9 (previous year: IAS39): | (16) | (12)
Interest expenses | −163 | −148
thereof finance leases | (−51) | (−49)
thereof from post-employment benefits plans | (−16) | (−15)
thereof from financial instruments of the measurement categories according to IFRS9 (previous year: IAS39) | (−79) | (−69)
Interest result | −136 | −119


Question: What led to the decline in interest expenses?
Answer: primarily the result of more favourable refinancing terms.
Provision for Income Taxes
The effective income tax rate is calculated by dividing the provision for income taxes by income before income taxes. The effective income tax rate for 2019 was 13.0% compared to 18.3% for 2018.
The decrease in the effective income tax rate and the provision for income taxes was primarily due to the recognition of approximately $2.2 billion of a non-recurring tax benefit in connection with the disposition of preferred stock, representing a minority interest in a foreign affiliate in 2019 compared to the non-recurring deferred tax benefit of approximately $2.1 billion as a result of an internal reorganization of legal entities within the historical Wireless business, which was offset by a goodwill charge that is not deductible for tax purposes in 2018.
A reconciliation of the statutory federal income tax rate to the effective income tax rate for each period is included in Note 12 to the consolidated financial statements.
Table:
 |  |  | (dollars in millions) Increase/ (Decrease) | 
Years Ended December 31, | 2019 | 2018 | 2019 vs. 2018 | 
Provision for income taxes | $2,945 | $ 3,584 | $ (639) | (17.8)%
Effective income tax rate | 13.0% | 18.3% |  | 


Question: What is the change in Effective income tax rate from 2018 to 2019?
Answer: -5.3
Calculation: 13.0-18.3
17. Earnings Per Share
Basic earnings per share is computed by dividing the net income attributable to ordinary shareholders by the weighted-average number of ordinary shares outstanding during the period. Diluted earnings per share is computed by giving effect to all potential weighted-average dilutive shares. The dilutive effect of outstanding awards is reflected in diluted earnings per share by application of the treasury stock method.
A reconciliation of the calculation of basic and diluted loss per share is as follows:
* As adjusted to reflect the impact of the full retrospective adoption of IFRS 15. See Note 2 for further details.
For fiscal years ended June 30, 2019, 2018 and 2017 , 9.6 million, 12.8 million and 13.8 million, respectively of potentially anti-dilutive shares were excluded from the computation of net loss per share.
Table:
 | Fiscal Year Ended June 30, |  | 
 | 2019 | 2018 | 2017
 |  | (U.S. $ in thousands, except per share data) | 
 |  | *As Adjusted | *As Adjusted
Numerator: |  |  | 
Net loss attributable to ordinary shareholders | $(637,621) | $(113,432) | $(37,449)
Denominator: |  |  | 
Weighted-average ordinary shares outstanding—basic | 238,611 | 231,184 | 222,224
Weighted-average ordinary shares outstanding—diluted | 238,611 | 231,184 | 222,224
Net loss per share attributable to ordinary shareholders: |  |  | 
Basic net loss per share | $(2.67) | $(0.49) | $(0.17)
Diluted net loss per share | $(2.67) | $(0.49) | $(0.17)


Question: What is the number of potentially anti-dilutive shares that were excluded for fiscal years ended June 30, 2017, 2018 and 2019 respectively? 
Answer: 13.8 million, 12.8 million, 9.6 million
Contract Balances
The following table provides information about contract assets and contract liabilities from contracts with customers (amounts in thousands):
Contract assets, reported within current assets and other long-term assets in the consolidated balance sheets, primarily result from revenue being recognized when a license is delivered and payments are made over time. Contract liabilities primarily relate to advance consideration received from customers, deferred revenue, for which transfer of control occurs, and therefore revenue is recognized, as services are provided. Contract balances are reported in a net contract asset or liability position on a contract-by-contract basis at the end of each reporting period. The Company recognized $4.4 million of revenue during the year ended September 30, 2019 that was included in the contract liability balance at the beginning of the period.
Table:
 | September 30, 2019 | October 1, 2018
Contract assets, current | $2,350 | $169
Contract assets, non-current | 581 | 507
Contract liabilities, current | 5,612 | 4,281
Contract liabilities, non-current | 736 | 485


Question: What are the balances of current contract assets and liabilities as of September 30, 2019, respectively?
Answer: $2,350, 5,612
Systems revenue of $7,604 million decreased 5.3 percent year to year as reported (4 percent adjusted for currency). Systems Hardware revenue of $5,918 million declined 7.0 percent as reported (6 percent adjusted for currency), driven primarily by declines in Power Systems and Storage Systems. Operating Systems Software revenue of $1,686 million grew 0.9 percent as reported (3 percent adjusted for currency) compared to the prior year.
Within Systems Hardware, IBM Z revenue decreased 1.1 percent as reported but was essentially flat adjusted for currency, reflecting the mainframe product cycles. Revenue declined through the first three quarters due to the end of the z14 product cycle, but there was strong growth in the fourth quarter driven by z15 shipments. The z15’s strong performance demonstrates client demand for technology that offers improved data privacy and resiliency in the hybrid cloud environment.
The z15 mainframe’s capabilities extend the platform’s differentiation with encryption everywhere, cloud-native development and instant recovery. In October, we announced OpenShift for IBM Z, bringing together the industry’s most comprehensive enterprise container and Kubernetes platform with the enterprise server
platforms of IBM Z and LinuxONE. IBM Z continues to deliver a high-value, secure and scalable platform for our clients.
Power Systems revenue decreased 13.5 percent as reported (12 percent adjusted for currency) year to year, due to the strong performance during the second half of 2018 driven by Linux and the introduction of the POWER9-based architecture in our mid-range and high-end products.
Storage Systems revenue decreased 8.9 percent as reported (8 percent adjusted for currency) year to year, with improvements in year-to-year performance in the fourth quarter of 2019, driven primarily by the launch of the next generation high-end storage
system DS8900 in November.
Within Systems, cloud revenue of $2.9 billion declined 4 percent as reported and 3 percent adjusted for currency.
Table:
($ in millions) |  |  |  | 
For the year ended December 31: | 2019 | 2018 | Yr.-to-Yr. Percent Change | Yr.-to-Yr. Percent Change Adjusted for Currency
Systems external revenue | $7,604 | $8,034 | (5.3)% | (4.1)%
Systems Hardware | $5,918 | $6,363 | (7.0)% | (5.9)%
IBM Z |  |  | (1.1) | (0.3)
Power Systems |  |  | (13.5) | (12.1)
Storage Systems |  |  | (8.9) | (7.6)
Operating Systems Software | 1,686 | 1,671 | 0.9 | 2.6


Question: What is the average Systems external revenue?
Answer: 7819
Calculation: (7,604 + 8,034) / 2