hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Consolidated Results
The table below sets forth for the fiscal years ended April 30, 2019 and 2018, the percentage of consolidated net sales represented by certain items in the Company’s consolidated statements of operations:
Table:
 | 2019 | 2018
Revenues |  | 
FEI-NY | 76.9% | 68.4%
FEI-Zyfer | 24.7 | 38.8
Less intersegment revenues | (1.6) | (7.2)
 | 100.0 | 100.0
Cost of Revenues | 68.1 | 86.9
Gross profit | 31.9 | 13.1
Selling and Administrative expenses | 24.5 | 26.9
Research and Development expenses | 13.1 | 17.6
Operating Profit/(Loss) | (5.7) | (31.4)
Other Income (Expenses), net | 0.7 | 2.8
Provision (Benefit) for Income Taxes | 0.1 | 28.4
Loss from continuing operations | (5.1) | (57.0)
(Loss) Income from discontinued operations, net of tax | - | (2.5)
Loss on sale of discontinued operations | - | (0.9)
Net Loss | (5.1)% | (60.4)%


Question: What does the table show?
Answer: for the fiscal years ended April 30, 2019 and 2018, the percentage of consolidated net sales represented by certain items in the Company’s consolidated statements of operations
Research and Development Expenses: research and development expenses consist primarily of personnel related expenditures. We intend to continue to invest significantly in our research and development efforts because, in our judgment, they are essential to maintaining our competitive position.
(1) Excluding stock-based compensation
On a constant currency basis, total research and development expenses were flat in fiscal 2019, as lower employee related expenses including lower variable compensation were offset by an increase in stock-based compensation expenses .
Table:
Year Ended May 31, |  |  |  | 
 |  |  | Percent Change | 
(Dollars in millions) | 2019 | Actual | Constant | 2018
Research and development (1) | $5,063 | -2% | 0% | $5,163
Stock-based compensation | 963 | 5% | 5% | 921
Total expenses | $6,026 | -1% | 0% | $6,084
% of Total Revenues | 15% |  |  | 15%


Question: Does the company intend to continue to invest significantly in Research and Development?
Answer: We intend to continue to invest significantly in our research and development efforts
Obligations and Commitments
As of August 31, 2019, we had the following obligations and commitments to make future payments under contracts, contractual obligations and commercial commitments:
Amounts in table may not total due to rounding.
The liability related to unrecognized tax benefits has been excluded from the contractual obligations table because a reasonable estimate of the timing and amount of cash outflows from future tax settlements cannot be determined. For additional information, see Note 10 (Income Taxes) to our Consolidated Financial Statements under Item 8, “Financial Statements and Supplementary Data.”
Amounts represent projected payments under certain unfunded retirement plans for former pre-incorporation partners. Given these plans are unfunded, we pay these benefits directly. These plans were eliminated for active partners after May 15, 2001
Other commitments include, among other things, information technology, software support and maintenance obligations, as well as other obligations in the ordinary course of business that we cannot cancel or where we would be required to pay a termination fee in the event of cancellation. Amounts shown do not include recourse that we may have to recover termination fees or penalties from clients.
Table:
 |  |  | Payments due by period |  | 
Contractual Cash Obligations (1) | Total | Less than 1 year | 1-3 years | 3-5 years | More than 5 years
 |  |  | (in millions of U.S. dollars) |  | 
Long-term debt | $23 | $6 | $11 | $6 | 
Operating leases | 3,840 | 688 | 1,114 | 792 | 1,246
Retirement obligations (2) | 95 | 10 | 20 | 20 | 44
Purchase obligations and other commitments (3) | 286 | 206 | 61 | 12 | 6
Total | $4,244 | $910 | $1,206 | $830 | $1,296


Question: What is the proportion of the company's total long term debt as a ratio of its total contractual cash obligations?
Answer: 0.54
Calculation: (23/4,244)
Note 21. Earnings Per Share
Basic earnings per share are based on the weighted average number of common shares outstanding during the periods. Diluted earnings per share includes the weighted average number of common shares outstanding during the respective periods and the further dilutive effect, if any, from stock appreciation rights, restricted stock, restricted stock units and shares held in rabbi trust using the treasury stock method.
The number of shares used in the earnings per share computation were as follows (in thousands):
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Basic: |  |  | 
Weighted average common shares outstanding | 41,649 | 42,090 | 41,822
Diluted: |  |  | 
Dilutive effect of stock appreciation rights, restricted stock, restricted stock units and shares held in rabbi trust | 153 | 156 | 319
Total weighted average diluted shares outstanding | 41,802 | 42,246 | 42,141
Anti-dilutive shares excluded from the diluted earnings per share calculation | 69 | 44 | 46


Question: What is the number of Total weighted average diluted shares outstanding in 2018?
Answer: 42,246
16. Segment, Geographic, and Significant Customer Information
With the exception of property and equipment, we do not identify or allocate our long-lived assets by geographic area. The following table presents property and equipment information for geographic areas based on the physical location of the assets (in millions):
Table:
 | April 26, 2019 | April 27, 2018
U.S. | $ 572 | $ 566
International | 187 | 190
Total | $ 759 | $ 756


Question: What was the total property and equipment in 2018?
Answer: 756
The following table summarizes our purchase commitments with contract manufacturers and suppliers as of the respective period ends (in millions):
Purchase commitments with contract manufacturers and suppliers decreased by approximately 23% compared to the end of fiscal 2018. On a combined basis, inventories and purchase commitments with contract manufacturers and suppliers decreased by 24% compared with the end of fiscal 2018.
Inventory and supply chain management remain areas of focus as we balance the need to maintain supply chain flexibility to help ensure competitive lead times with the risk of inventory obsolescence because of rapidly changing technology and customer requirements. We believe the amount of our inventory and purchase commitments is appropriate for our revenue levels.
Table:
Commitments by Period | July 27, 2019 | July 28, 2018
Less than 1 year | $4,239 | $5,407
1 to 3 years | 728 | 710
3 to 5 years | — | 360
Total | $4,967 | $6,477


Question: What were the purchase commitments that were less than 1 year in 2019?
Answer: 4,239
marathon oil corporation notes to consolidated financial statements 7 . dispositions outside-operated norwegian properties 2013 on october 31 , 2008 , we closed the sale of our norwegian outside-operated properties and undeveloped offshore acreage in the heimdal area of the norwegian north sea for net proceeds of $ 301 million , with a pretax gain of $ 254 million as of december 31 , 2008 . pilot travel centers 2013 on october 8 , 2008 , we completed the sale of our 50 percent ownership interest in ptc . sale proceeds were $ 625 million , with a pretax gain on the sale of $ 126 million . immediately preceding the sale , we received a $ 75 million partial redemption of our ownership interest from ptc that was accounted for as a return of investment . operated irish properties 2013 on december 17 , 2008 , we agreed to sell our operated properties located in ireland for proceeds of $ 180 million , before post-closing adjustments and cash on hand at closing . closing is subject to completion of the necessary administrative processes . as of december 31 , 2008 , operating assets and liabilities were classified as held for sale , as disclosed by major class in the following table : ( in millions ) 2008 .

Table:
( in millions ) | 2008
current assets | $ 164
noncurrent assets | 103
total assets | 267
current liabilities | 62
noncurrent liabilities | 199
total liabilities | 261
net assets held for sale | $ 6
8 .
discontinued operations on june 2 , 2006 , we sold our russian oil exploration and production businesses in the khanty-mansiysk region of western siberia .
under the terms of the agreement , we received $ 787 million for these businesses , plus preliminary working capital and other closing adjustments of $ 56 million , for a total transaction value of $ 843 million .
proceeds net of transaction costs and cash held by the russian businesses at the transaction date totaled $ 832 million .
a gain on the sale of $ 243 million ( $ 342 million before income taxes ) was reported in discontinued operations for 2006 .
income taxes on this gain were reduced by the utilization of a capital loss carryforward .
exploration and production segment goodwill of $ 21 million was allocated to the russian assets and reduced the reported gain .
adjustments to the sales price were completed in 2007 and an additional gain on the sale of $ 8 million ( $ 13 million before income taxes ) was recognized .
the activities of the russian businesses have been reported as discontinued operations in the consolidated statements of income and the consolidated statements of cash flows for 2006 .
revenues applicable to discontinued operations were $ 173 million and pretax income from discontinued operations was $ 45 million for 2006. .

Question: what is the current ratio for 2008?
Answer: 2.65
Calculation: divide(164, 62)
The change in projected benefit obligation and the accumulated benefit obligation, were as follows (in millions):
The Company's pension liability represents the present value of estimated future benefits to be paid. The discount rate is based on the quarterly average yield for Euros treasuries with a duration of 30 years, plus a supplement for corporate bonds  consolidated balance sheets, will be recognized as a component of net periodic cost over the average remaining service period.
As the defined benefit plans are unfunded, the liability recognized on the Company's consolidated balance sheet as of March 31, 2019 was $72.7 million of which $1.3 million is included in accrued liabilities and $71.4 million is included in other long-term liabilities. The liability recognized on the Company's consolidated balance sheet as of March 31, 2018 was $61.0 million of which $0.9 million is included in accrued liabilities and $60.1 million is included in other long-term liabilities.
Table:
 | Year Ended March 31, | 
 | 2019 | 2018
Projected benefit obligation at the beginning of the year | $61.0 | $50.4
Additions due to acquisition of Microsemi | 9.8 | —
Service cost | 1.5 | 2.2
Interest cost | 1.1 | 1.0
Actuarial losses | 6.0 | 0.7
Benefits paid | (0.9) | (0.8)
Foreign currency exchange rate changes | (5.8) | 7.5
Projected benefit obligation at the end of the year | $72.7 | $61.0
Accumulated benefit obligation at the end of the year | $66.7 | $55.5
Weighted average assumptions |  | 
Discount rate | 1.41% | 1.73%
Rate of compensation increase | 2.79% | 2.91%


Question: What was the interest cost in 2019?
Answer: 1.1
Assets and Liabilities Measured at Fair Value
The following table presents our assets and liabilities measured at fair value on a recurring or non-recurring basis at December 31,
2019:
The carrying amount of money market funds approximates fair value as of each reporting date because of the short maturity of those
instruments.
The Company did not have any non-financial assets or non-financial liabilities that were recognized or disclosed at fair value as of
December 31, 2019.
Table:
 | Level 1 | Level 2 | Level 3
 | (In thousands) |  | 
Assets |  |  | 
Cash equivalents: Money market funds | $256,915 | $ - | $ -
Other current assets: |  |  | 
Indemnification - Sale of SSL | $ - | $ - | $ 598
Liabilities |  |  | 
Long term liabilities: |  |  | 
Indemnification - Globalstar do Brasil S.A. | $ - | $ - | $145


Question: What is the total fair value of the company's Level 3 net assets?
Answer: 453
Calculation: $598 - $145
For the full year 2019, our ADG revenues increased 1.4% compared to the previous period. The increase was primarily due to improved average selling prices of approximately 9%, which was entirely due to a better product mix, and partially offset by a decrease in volumes by approximately 8%.
AMS revenues grew 4.6%, mainly due to the double-digits growth in Imaging. The increase was due to higher average selling prices of approximately 12%, as a result of a better product mix, and was partially offset by lower volumes of approximately 7%.
MDG revenues were down by 10.3%, mainly due to Microcontrollers. The decrease was due to lower volumes of approximately 10% while average selling prices remained substantially flat.
In 2018, all product groups registered double-digit revenue increase. Our ADG revenues increased 16.2% for the full year 2018 compared to the full year 2017 on growth in both Power Discrete and Automotive. The increase was primarily due to improved average selling prices of approximately 21% and volumes decreased by approximately 5%. The increase in average selling prices was entirely due to improved product mix, while selling prices remained substantially flat.
AMS revenues grew 19.9%, mainly on the strong increase in Imaging. The increase was due to higher volumes of approximately 12% and higher average selling prices of approximately 8%, which was entirely due to improved product mix of approximately 13%, while selling prices decreased by approximately 5%.
MDG revenues were up by 11.1%, with Digital and Microcontrollers & Memories equally contributing. The increase was primarily due to higher average selling prices of approximately 11%, while volumes remained substantially flat. The increase in average selling prices was due to a better product mix of approximately 13%, while the selling prices effect was negative of approximately 2%.
Table:
 | Year Ended | Year Ended | Year Ended | % Variation | % Variation
2019 vs 2018 2018 vs 2017 | 2019 | 2018 | 2017 | 2019 vs 2018 | 2018 vs 2017
 | (In millions) | (In millions) | (In millions) |  | 
Automotive and Discrete Group (ADG) | $3,606 | $3,556 | $3,059 | 1.4% | 16.2%
Analog MEMS and Sensors Group (AMS) | 3,299 | 3,154 | 2,630 | 4.6 | 19.9
Microcontrollers and Digital ICs Group (MDG) | 2,638 | 2,940 | 2,646 | (10.3) | 11.1
Others | 13 | 14 | 12 | — | —
Total consolidated net revenues | $9,556 | $9,664 | $8,347 | (1.1)% | 15.8%


Question: What are the average net revenues by Automotive and Discrete Group (ADG)?
Answer: 3407
Calculation: (3,606+3,556+3,059) / 3
Restricted Shares
We granted shares to certain of our Directors, executives and key employees under the 2016 and 2011 Plans, the vesting of which is service-based. The following table summarizes the activity during the twelve months ended March 31, 2019 for restricted shares awarded under the 2016 and 2011 Plans:
The weighted-average grant date fair value of the restricted shares is determined based upon the closing price of our common shares on the grant date. During fiscal 2019, a total of 197,917 shares, net of 47,146 shares withheld from the vested restricted shares to cover the employee's minimum applicable income taxes, were issued from treasury. The shares withheld were returned to treasury shares.
Table:
 | Number of Shares | Weighted-Average Grant-Date Fair Value
 |  | (per share)
Outstanding at April 1, 2018 | 243,354 | $10.78
Granted | 265,452 | 14.66
Vested | (197,917) | 12.74
Forfeited | (73,743) | 11.3
Outstanding at March 31, 2019 | 237,146 | $13.46


Question: How many shares were issued from treasury in 2019?
Answer: 197,917 shares, net of 47,146 shares
VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
A. Remuneration to Managing Director, Whole-time Directors and / or Manager:
Table:
 |  |  | (` lakh)
Particulars of Remuneration | Name of MD/WTD/Manager |  | 
 | Rajesh Gopinathan Chief Executive Officer and Managing Director | N Ganapathy Subramaniam Chief Operating Officer and Executive Director | Total Amount
Gross salary |  |  | 
(a) Salary as per provisions contained in Section 17(1) of the Income-tax Act, 1961 | 115.74 | 109.02 | 224.76
(b) Value of perquisites u/s 17(2) of the Income-tax Act, 1961 | 126.76 | 13.30 | 140.06
(c) Profits in lieu of salary under Section 17(3) of the Income-tax Act, 1961 | - | - | -
2. Stock Option | - | - | -
3.Sweat Equity | - | - | -
4.Commission | 1,300.00 | 900.00 | 2,200.00
as % of profit | 0.03 | 0.02 | 0.05
5.Others, Allowances | 60.35 | 138.76 | 199.11
Total (A) | 1,602.85 | 1,161.08 | 2,763.93
Ceiling as per the Act (@ 10% of profits calculated under Section 198 of the Companies Act, 2013) |  |  | 404,348.06


Question: What is the value of stock option granted to the Chief Executive Officer and Managing Director?
Answer: 0
Operating expenses
Sales and marketing expense decreased primarily due to a $51 million decrease in stock-based compensation expense and a $41 million decrease as a result of the divestiture of our WSS and PKI solutions.
Research and development expense decreased primarily due to a $66 million decrease in stockbased compensation expense.
General and administrative expense decreased primarily due to a $130 million decrease in stock-based compensation expense.
Amortization of intangible assets decreased primarily due to the intangible assets sold with the divestiture of WSS and PKI solutions.
Restructuring, transition and other costs reflect a decrease of $70 million in fiscal 2019 compared to fiscal 2018 in severance and other restructuring costs. In addition, fiscal 2018 costs included $88 million of transition related costs related to our fiscal 2018 divestiture of our WSS and PKI solutions compared to $3 million in fiscal 2019.
Table:
Fiscal Year |  |  | Variance in | 
 | 2019 | 2018 | Dollars | Percent
(In millions, except for percentages) |  |  |  | 
Sales and marketing | $1,493 | $1,593 | $(100) | (6)%
Research and development | 913 | 956 | (43) | (4)%
General and administrative | 447 | 574 | (127) | (22)%
Amortization of intangible assets | 207 | 220 | (13) | (6)%
Restructuring, transition and other costs | 241 | 410 | (169) | (41)%
Total | $3,301 | $3,753 | $(452) | (12)%


Question: What is the decrease in  Research and development  from Fiscal year 2018 to 2019?
Answer: 43
The credit risk profile of trade receivables
Other than those disclosed above no other impairment losses on receivables and contract assets arising from contracts with customers have been recognised. Other than trade receivables there are no financial assets that are past their due date at 31st December 2019.
Payment terms across the Group vary dependent on the geographic location of each operating company. Payment is typically due between 20 and 90 days after the invoice is issued.
All contracts with customers do not contain a significant financing component.
The movement in the allowance for impairment in respect of trade receivables during the year was as follows:
Table:
 | 2019 | 2018
 | £m | £m
Balance at 1st January | 9.8 | 9.6
Additional impairment | 8.6 | 2.8
Amounts written off as uncollectable | (1.2) | (0.7)
Amounts recovered | (0.6) | (0.5)
Impairment losses reversed | (1.1) | (1.4)
Exchange differences | (0.7) | –
Balance at 31st December | 14.8 | 9.8


Question: What was the change in the balance at 31st December in 2019 from 2018?
Answer: 5
Calculation: 14.8-9.8
NOTE 3 - SHORT TERM INVESTMENTS
The Company's short term investments are classified as below with maturities of twelve months or less, unrealized gains and losses were immaterial for the periods presented:
Table:
 | December 31 | 
 | 2019 | 2018
 | (in thousands) | 
Government | $1,012 | $—
Asset Backed | 4,854 | 1,786
Industrial | 5,034 | 2,381
Financial | 6,879 | 7,136
 | $17,779 | $11,303


Question: What is the percentage change in the company's financial short term investments between 2018 and 2019?
Answer: -3.6
Calculation: (6,879 - 7,136)/7,136
14. Income Taxes
Income before income taxes is as follows (in millions):
Table:
 |  | Year Ended | 
 | April 26, 2019 | April 27, 2018 | April 28, 2017
Domestic | $ 678 | $ 589 | $ 166
Foreign | 590 | 610 | 455
Total | $ 1,268 | $ 1,199 | $ 621


Question: What was the percentage change in the total income before income taxes between 2018 and 2019?
Answer: 5.75
Calculation: (1,268-1,199)/1,199
12. Restructuring
In fiscal 2019, the Company initiated a restructuring plan to increase efficiency in its sales, marketing and distribution functions as well as reduce costs across all functional areas. During the year ended March 31, 2019, the Company incurred total restructuring charges of $14,765. These restructuring charges relate primarily to severance and related costs associated with headcount reductions and lease abandonment charges associated with two leases. These charges include $2,632 of stock- based compensation related to modifications of existing unvested awards granted to certain employees impacted by the restructuring plan.
The activity in the Company’s restructuring accruals for the year ended March 31, 2019 is summarized as follows:
As of March 31, 2019, the outstanding restructuring accruals primarily relate to future severance and lease payments.
(In thousands, except per share data)
Table:
 | Lease abandonment charges | Severance & payroll related charges | Total
Balance at March 31, 2018 | $— | $— | $—
Restructuring charges | 1,034 | 14,606 | 15,640
Payments | (540) | (12,642) | (13,182)
Accrual reversals | — | (875) | (875)
Balance at March 31, 2019 | $494 | $1,089 | $1,583


Question: How much was the Restructuring charges related to lease abandonment charges and severance and payroll related charges respectively?
Answer: 1,034, 14,606
AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed)
13. INCOME TAXES
Beginning in the taxable year ended December 31, 2012, the Company has filed, and intends to continue to file, U.S. federal income tax returns as a REIT, and its domestic TRSs filed, and intend to continue to file, separate tax returns as required. The Company also files tax returns in various states and countries. The Company’s state tax returns reflect different combinations of the Company’s subsidiaries and are dependent on the connection each subsidiary has with a particular state and form of organization. The following information pertains to the Company’s income taxes on a consolidated basis.
The income tax provision from continuing operations consisted of the following:
The effective tax rate (“ETR”) on income from continuing operations for the years ended December 31, 2019, 2018 and 2017 differs from the federal statutory rate primarily due to the Company’s qualification for taxation as a REIT, as well as adjustments for state and foreign items. As a REIT, the Company may deduct earnings distributed to stockholders against the income generated by its REIT operations. In addition, the Company is able to offset certain income by utilizing its NOLs, subject to specified limitations.
Table:
 | 2019 | 2018 | 2017
Current: |  |  | 
Federal | $(1.7) | $(1.4) | $(0.1)
State | (5.0) | (1.8) | (3.8)
Foreign | (48.2) | (189.7) | (113.4)
Deferred: |  |  | 
Federal | 1.4 | 4.0 | 0.2
State | 0.5 | 0.7 | 1.0
Foreign | 53.2 | 298.3 | 85.4
Income tax benefit (provision) | $0.2 | $110.1 | $(30.7)


Question: How many of the current Income tax benefit (provision) were above $(4 million) in 2019?
Answer: 2
Calculation: Foreign##State