hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
15 Goodwill and other intangible assets continued
Impairment
In accordance with the requirements of IAS 36 (Impairment of Assets), goodwill is allocated to the Group’s cash-generating units, or groups of cash-generating units, that are expected to benefit from the synergies of the business combination that gave rise to the goodwill.
During 2019, we performed a review on the basis of identification of our individual CGUs. As a result of this review, we have consolidated a number of our current individual CGUs into groups of CGUs that represent the lowest level to which goodwill is monitored for internal management purposes, being each operating segment as disclosed in Note 3. As a result, we performed an impairment review at an operating segment CGU level, the breakdown of the goodwill value at 31st December across these is shown below:
In order to complete the transition to performing goodwill impairment reviews at an operating segment level, we also performed a goodwill impairment review as at 31st December 2019 under the historical CGU basis. The result of this impairment review led to an impairment of £4.2m being recognised in respect of Watson-Marlow FlowSmart. No other impairment was recognised.
The goodwill balance has been tested for annual impairment on the following basis:
• the carrying values of goodwill have been assessed by reference to value in use. These have been estimated using cash flows based on forecast information for the next financial year which have been approved by the Board and then extended up to a further 9 years based on the most recent forecasts prepared by management; • pre-tax discount rates range from 11-12% (2018: 10-15%); • short to medium-term growth rates vary between 3-8% depending on detailed forecasts (2018: 2-8%). The range in rates excludes the annualised impact of owning Thermocoax for a first full year in 2020. The short to medium-term is defined as not more than 10 years; and • long-term growth rates are set using IMF forecasts and vary between 1.8-2.5% (2018: 0.8-3.0%).
Table:
 | 2019 Goodwill | 2018 Goodwill
 | £m | £m
Steam Specialties | 113.0 | 119.3
Electric Thermal Solutions | 244.7 | 183.0
Watson-Marlow | 60.0 | 65.7
Total goodwill | 417.7 | 368.0


Question: In which year was the amount of Goodwill for Watson-Marlow larger?
Answer: 2018
Calculation: 65.7>60.0
5.0 FY 2019 Financial Performance and Analysis
The discussions in this section relate to the consolidated, Rupee-denominated financial results pertaining to the year that ended March 31, 2019. The financial statements of Tata Consultancy Services Limited and its subsidiaries (collectively referred to as ‘TCS’ or ‘the Company’) are prepared in accordance with the Indian Accounting Standards (referred to as ‘Ind AS’) prescribed under section 133 of the Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules, as amended from time to time. Significant accounting policies used in the preparation of the financial statements are disclosed in the notes to the consolidated financial statements.
The following table gives an overview of the consolidated financial results of the Company:
* EPS is adjusted for bonus issue
Table:
 |  |  |  |  | ` crore
 | FY 2019 | % of Revenue | % Growth | FY 2018 | % of Revenue
Revenue | 146,463 | 100.0 | 19.0 | 123,104 | 100.0
Earnings before interest, tax, depreciation and amortization (before other income) | 39,506 | 27.0 | 21.5 | 32,516 | 26.4
Profit Before Tax (PBT) | 41,563 | 28.4 | 21.9 | 34,092 | 27.7
Profit after tax attributable to shareholders of the Company | 31,472 | 21.5 | 21.9 | 25,826 | 21.0
Earnings per share (in `) | 83.05 | - | 23.8 | 67.10* | -


Question: By what amount did the EPS increase from FY 2018 to FY 2019?
Answer: 15.95
Calculation: 83.05-67.10
Acquisition Related and Other Expenses: Acquisition related and other expenses consist of personnel related costs and stock-based compensation for transitional and certain other employees, integration related professional services, and certain business combination adjustments including certain adjustments after the measurement period has ended and certain other operating items, net. Stock-based compensation expenses included in acquisition related and other expenses resulted from unvested restricted stock-based awards and stock options assumed from acquisitions whereby vesting was accelerated generally upon termination of the employees pursuant to the original terms of those restricted stock-based awards and stock options.
* Not meaningful
On a constant currency basis, acquisition related and other expenses decreased in fiscal 2019 compared to fiscal 2018 primarily due to certain favorable business combination related adjustments that were recorded in fiscal 201 9 .
Table:
 |  |  | Year Ended May 31, | 
 |  |  | Percent Change | 
(Dollars in millions) | 2019 | Actual | Constant | 2018
Transitional and other employee related costs | $49 | 3% | 4% | $48
Stock-based compensation | — | -100% | -100% | 1
Professional fees and other, net | 16 | 373% | 426% | 3
Business combination adjustments, net | (21) | * | * | —
Total acquisition related and other expenses | $44 | -15% | -13% | $52


Question: How much was the average total acquisition related and other expenses in 2018 and 2019?
Answer: 48
Calculation: (44+52) / 2
REPURCHASE OF COMPANY SHARES
The Company repurchased a total of 75,113 and 74,880 shares of its common stock during fiscal 2019 and fiscal 2018, respectively, for cash totaling approximately $7.5 million and $7.7 million, respectively. All repurchased shares were recorded in treasury stock at cost. At September 2019, 34,846 shares of the Company’s common shares remained authorized for repurchase in either the open market or privately negotiated transactions, as previously approved by the Company’s Board of Directors. In October 2019, our Board of Directors renewed the repurchase authorization for up to 75,000 shares of the Company’s common stock.
During the fourth quarter of fiscal 2019, the Company repurchased shares of its common stock for cash totaling approximately $4.3 million. The following table summarizes these repurchases made by or on behalf of our Company or certain affiliated purchasers of shares of our common stock for the quarterly period ended September 30, 2019:
* In October 2019 and subsequent to the end of fiscal 2019, our Board of Directors authorized purchases of up to
75,000 shares of our Company’s common stock in open market or negotiated transactions. Management was
given discretion to determine the number and pricing of the shares to be purchased, as well as the timing of any
such purchases.
Table:
Period | (a) Total Number of Shares (or Units) Purchased | (b) Average Price Paid per Share (or Unit) | (c) Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs | (d) Maximum Number (or Approximate Dollar Value) of Shares (or Unites) that May Yet Be Purchased Under the Plans or Programs*
July 1-31, 2019 | 293 | $ 99.35 | 293 | 74,706
August 1 - 31, 2019 | 39,769 | 107.71 | 39,769 | 34,937
September 1 - 30, 2019 | 91 | 75.51 | 91 | 34,846
Total | 40,153 | $ 107.58 | 40,153 | 34,846


Question: What is the percentage change in the shares of common stock repurchased between fiscal 2018 and 2019?
Answer: 0.31
Calculation: (75,113 - 74,880)/74,880
Postretirement Benefit Plans
In addition to receiving pension benefits, U.S. Teradyne employees who meet early retirement eligibility requirements as of their termination dates may participate in Teradyne’s Welfare Plan, which includes medical and dental benefits up to age 65. Death benefits provide a fixed sum to retirees’ survivors and are available to all retirees. Substantially all of Teradyne’s current U.S. employees could become eligible for these benefits, and the existing benefit obligation relates primarily to those employees.
The December 31 balances of the postretirement assets and obligations are shown below:
Table:
 | 2019 | 2018
 | (in thousands) | 
Assets and Obligations |  | 
Change in benefit obligation: |  | 
Projected benefit obligation: |  | 
Beginning of year | $9,256 | $6,177
Service cost | 41 | 39
Interest cost | 347 | 196
Actuarial loss | 717 | 25
Benefits paid | (1,358) | (889)
Special termination benefits | — | 3,708
End of year | 9,003 | 9,256
Change in plan assets: |  | 
Fair value of plan assets: |  | 
Beginning of year | — | —
Company contributions | 1,358 | 889
Benefits paid | (1,358) | (889)
End of year | — | —
Funded status | $(9,003) | $(9,256)


Question: What was the percentage change in Service Cost from 2018 to 2019?
Answer: 5.13
Calculation: (41-39)/39
13. Intangible assets continued
Goodwill has been allocated to three CGUs, which align with the reportable operating segments, as follows:
Table:
 | 2019 | 2018
 | $ million | $ million
Networks & Security | 73.4 | 72.0
Lifecycle Service Assurance | 37.6 | 37.6
Connected Devices | 46.1 | 46.1
 | 157.1 | 155.7


Question: What are the three CGUs, which align with the reportable operating segments?
Answer: Networks & Security, Lifecycle Service Assurance, Connected Devices
Note 11: Income Taxes
The components of income before income taxes and equity income (loss) from equity method investments are as follows (amounts in thousands):
(1) Fiscal years ended March 31, 2018 and 2017 adjusted due to the adoption of ASC 606.
Table:
 |  | Fiscal Years Ended March 31, | 
 | 2019 | 2018 | 2017
Domestic (U.S.) (1) | $95,639 | $141,582 | $(67)
Foreign (Outside U.S.) (1) | 74,792 | 45,485 | 9,875
Total (1) | $170,431 | $187,067 | $9,808


Question: How many years did Domestic (U.S.) income exceed $100,000 thousand?
Answer: 1
Calculation: 2018
NOTE 13—GUARANTEES AND CONTINGENCIES
We have entered into the following contractual obligations with minimum payments for the indicated fiscal periods as follows:
(1) Includes interest up to maturity and principal payments. Please see note 10 "Long-Term Debt" for more details
(2) Net of $30.7 million of sublease income to be received from properties which we have subleased to third parties.
Table:
 |  |  | Payments due between |  | 
 | Total | July 1, 2019— June 30, 2020 | July 1, 2020— June 30, 2022 | July 1, 2022— June 30, 2024 | July 1, 2024 and beyond
Long-term debt obligations (1) | $3,408,565 | $147,059 | $292,156 | $1,045,567 | $1,923,783
Operating lease obligations (2) | 318,851 | 72,853 | 106,394 | 59,441 | 80,163
Purchase obligations | 11,280 | 8,364 | 2,747 | 169 | —
 | $3,738,696 | $228,276 | $401,297 | $1,105,177 | $2,003,946


Question: What does Long-term debt obligations include?
Answer: interest up to maturity and principal payments
Disaggregation of revenue
The following table provides information about disaggregated revenue by primary geographical markets:
The Company derived over 90%, and approximately 88% and 84% of subscription revenues from RingCentral Office product for the years ended December 31, 2019, 2018 and 2017, respectively
Table:
 |  | Year ended December 31, | 
 | 2019 | 2018 | 2017
Primary geographical markets |  |  | 
North America | 93% | 95% | 96%
Others | 7% | 5% | 4%
Total revenues | 100% | 100% | 100%


Question: What is the change in percentage of total revenue earned in North America between 2018 and 2019?
Answer: -2
Calculation: 93-95
(a) Revenue and Gross Margin by Segment
We conduct business globally and are managed on a geographic basis consisting of three segments: the Americas, EMEA, and APJC. Our management makes financial decisions and allocates resources based on the information it receives from our internal management system. Sales are attributed to a segment based on the ordering location of the customer. We do not allocate research and development, sales and marketing, or general and administrative expenses to our segments in this internal management system because management does not include the information in our measurement of the performance of the operating segments. In addition, we do not allocate amortization and impairment of acquisition-related intangible assets, sharebased compensation expense, significant litigation settlements and other contingencies, charges related to asset impairments and restructurings, and certain other charges to the gross margin for each segment because management does not include this information in our measurement of the performance of the operating segments.
Summarized financial information by segment for fiscal 2019, 2018, and 2017, based on our internal management system and as utilized by our Chief Operating Decision Maker (CODM), is as follows (in millions):
Amounts may not sum and percentages may not recalculate due to rounding.
Revenue in the United States was $27.4 billion, $25.5 billion, and $25.0 billion for fiscal 2019, 2018, and 2017, respectively.
Table:
Years Ended | July 27, 2019 | July 28, 2018 | July 29, 2017
Revenue: |  |  | 
Americas  . | $30,927 | $29,070 | $28,351
EMEA  . | 13,100 | 12,425 | 12,004
APJC . | 7,877 | 7,834 | 7,650
Total | $51,904 | $49,330 | $48,005
Gross margin: |  |  | 
Americas . | $20,338 | $18,792 | $18,284
EMEA  . | 8,457 | 7,945 | 7,855
APJC . | 4,683 | 4,726 | 4,741
Segment total . | 33,479 | 31,463 | 30,880
Unallocated corporate items . | (813) | (857) | (656)
Total | $32,666 | $30,606 | $30,224


Question: What was the revenue in the United States for fiscal 2018?
Answer: $25.5 billion
NOTE 6—INTANGIBLE ASSETS, NET, AND GOODWILL
Intangible assets include patents, domain name and other intangibles purchased from GVR, including customer relationships, technology and a trademark. Certain patents were acquired from STI as a result of an asset contribution and were recorded at their carryover basis. The fair value of the patents remained substantially the same as their carrying value at the exchange date. In addition, we acquired other patents and the domain name www.resonant.com through the normal course of business. Intangibles acquired as part of the purchase of GVR were initially recorded at their fair value. Issued patents are amortized over their approximate useful life of 17 years, or 20 years in the case of new patents, once they are approved by their respective regulatory agency. For the patents acquired from STI, we are amortizing them over the remaining useful life of 1 to 11 years as of December 31, 2019. The domain name is amortized over the approximate useful life of 10 years. The other intangibles acquired from GVR are amortized over their useful life of three to five years.
Intangible assets, net, consists of the following as of December 31, 2019 and 2018:
(1) Includes the impact of foreign currency translation. The total impact at December 31, 2018 was $1,000 and there was no impact at December 31,
2019.
During the year ended December 31, 2019 and 2018, we wrote-off $145,000 and $96,000, respectively, of patents we are no longer pursuing. The write-offs are included in research and development expense. There were no impairments to any other intangibles.
Table:
 | 2019 | 2018
Cost: |  | 
Patents | $1,801,000 | $1,507,000
Domain name | 22,000 | 22,000
Client Base (1) | 144,000 | 142,000
Trademark (1) | 18,000 | 17,000
Backlog (1) | 13,000 | 13,000
Technology | 77,000 | 77,000
 | 2,075,000 | 1,778,000
Less: Accumulated amortization | (499,000) | (404,000)
Intangible assets, net | $ 1,576,000 | $ 1,374,000


Question: What was the impact of foreign currency translation to the cost components in 2019?
Answer: No impact
(11) STOCK-BASED COMPENSATION
The following tables summarize the Company’s stock-based compensation expense for liability and equity classified awards included in the consolidated statements of operations:
CII Common and Preferred Units
Prior to the Company’s IPO, the Company was given authorization by Communications Infrastructure Investments, LLC (“CII”) to award 625,000,000 of CII’s common units as profits interests to employees, directors, and affiliates of the Company. The common units were historically considered to be stock-based compensation with terms that required the awards to be classified as liabilities due to cash settlement features. The vested portion of the awards was reported as a liability and the fair value was re-measured at each reporting date until the date of settlement, with a corresponding charge (or credit) to stock-based compensation expense. On December 31, 2016, the CII common units became fully vested and as such there is no remaining unrecognized compensation cost associated with CII common units for any period subsequent to December 31, 2016.
The value of the CII common units was derived from the value of CII’s investments in the Company and Onvoy, LLC and its subsidiaries (“OVS”), a company that provided voice and managed services which the Company spun off during the year ended June 30, 2014. As the value derived from each of these investments was separately determinable and there was a plan in place to distribute the value associated with the investment in Company shares separate from the value derived from OVS, the two components were accounted for separately. The OVS component of the CII awards was adjusted to fair value each reporting period. On December 31, 2015, CII entered into an agreement to sell OVS to a third party. The sale was completed in May 2016. Based on the sale price, the estimated fair value of OVS awards was increased, resulting in an increase to stock based compensation expense and corresponding increase to additional paid-in capital of $12.9 million for the year ended June 30, 2016. Proceeds from the sale to be distributed to the Company’s employees was paid by CII.
Table:
 | Year Ended June 30, |  | 
 | 2019 | 2018 | 2017
 | (in millions) |  | 
Included in: |  |  | 
Operating costs | $11.3 | $9.9 | $11.3
Selling, general and administrative expenses | 98.0 | 86.8 | 102.8
Total stock-based compensation expense | $109.3 | $96.7 | $114.1
CII common and preferred units $ — $ — $10.1 | $ — | $ — | $10.1
Part A restricted stock units | 93.8 | 82.3 | 76.5
Part B restricted stock units | 13.0 | 12.4 | 26.0
Part C restricted stock units | 2.5 | 2.0 | 1.5
Total stock-based compensation expense | $109.3 | $96.7 | $114.1


Question: What were the total operating costs for all 3 years?
Answer: 32.5
Calculation: 11.3 + 9.9 + 11.3
shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing . the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock , the s&p 500 index , and the dow jones transportation average . the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2002 in the s&p 500 index , the dow jones transportation average , and the class b common stock of united parcel service , inc . comparison of five year cumulative total return $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 120.00 $ 140.00 $ 160.00 $ 180.00 $ 200.00 $ 220.00 2002 20072006200520042003 s&p 500 ups dj transport .

Table:
 | 12/31/02 | 12/31/03 | 12/31/04 | 12/31/05 | 12/31/06 | 12/31/07
united parcel service inc . | $ 100.00 | $ 119.89 | $ 139.55 | $ 124.88 | $ 127.08 | $ 122.64
s&p 500 index | $ 100.00 | $ 128.68 | $ 142.68 | $ 149.69 | $ 173.33 | $ 182.85
dow jones transportation average | $ 100.00 | $ 131.84 | $ 168.39 | $ 188.00 | $ 206.46 | $ 209.40
securities authorized for issuance under equity compensation plans the following table provides information as of december 31 , 2007 regarding compensation plans under which our class a common stock is authorized for issuance .
these plans do not authorize the issuance of our class b common stock. .

Question: what is the rate of return of an investment in ups from 2002 to 2003?
Answer: 19.9%
Calculation: subtract(119.89, const_100), divide(#0, const_100)
SELECTED FINANCIAL DATA
The following data should be read in conjunction with the consolidated financial statements and accompanying notes included elsewhere in the Annual Report on Form 10-K. Fiscal 2018 and 2017 have been recast to reflect the Company’s retrospective adoption of Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers, and related amendments, collectively referred to as Accounting Standards Codification (“ASC”) 606. Fiscal 2016 and 2015 were not recast. Net income for fiscal 2018 and 2019 has been impacted by the reduced U.S. corporate tax rate enacted by the Tax Cuts and Jobs Act (“TCJA”) of 2017, and fiscal 2018 net income contains the related adjustment for the re-measurement of deferred taxes. Acquisitions have affected revenue and net income in fiscal 2019 as well as the historical periods presented.
(1) Revenue includes license sales, support and service revenues, and hardware sales, less returns and allowances.
Table:
 |  |  | (In Thousands, Except Per Share Data) |  | 
 |  |  | YEAR ENDED JUNE 30, |  | 
Income Statement Data | 2019 | 2018 | 2017 | 2016 | 2015
 |  |  |  | *Unadjusted | *Unadjusted
Revenue (1) | $1,552,691 | $1,470,797 | $1,388,290 | $1,354,646 | $1,256,190
Net Income | $271,885 | $365,034 | $229,561 | $248,867 | $211,221
Basic earnings per share | $3.52 | $4.73 | $2.95 | $3.13 | $2.60
Diluted earnings per share | $3.52 | $4.70 | $2.93 | $3.12 | $2.59
Dividends declared per share | $1.54 | $1.36 | $1.18 | $1.06 | $0.94
Balance Sheet Data |  |  |  |  | 
Total deferred revenue | $394,306 | $369,915 | $368,151 | $521,054 | $531,987
Total assets | $2,184,829 | $2,033,058 | $1,868,199 | $1,815,512 | $1,836,835
Long-term debt | $— | $— | $50,000 | $— | $50,102
Stockholders’ equity | $1,429,013 | $1,322,844 | $1,099,693 | $996,210 | $991,534


Question: What is the net income for all 5 fiscal years, in chronological order?
Answer: $211,221, $248,867, $229,561, $365,034, $271,885
Note 12—Property, Plant and Equipment
Property, plant and equipment, net consisted of the following:
Depreciation expense was $61 million, $56 million and $55 million for fiscal 2019, 2018 and 2017, respectively.
Table:
 | January 3, 2020 | December 28, 2018
 | (in millions) | 
Computers and other equipment | $259 | $233
Leasehold improvements | 203 | 206
Office furniture and fixtures | 37 | 36
Buildings and improvements | 23 | 56
Land | 4 | 40
Construction in progress | 104 | 15
 | 630 | 586
Less: accumulated depreciation and amortization | (343) | (349)
 | $ 287 | $ 237


Question: What was the Leasehold improvements in 2018?
Answer: 206
Results of Operations
The following table sets forth, as a percentage of total revenues, the results from our operations for the periods indicated.
Table:
 | 2019 | 2018
Revenues | 100.0% | 100.0%
Cost of revenues | 10.6 | 11.0
Gross profit | 89.4 | 89.0
Operating expenses: |  | 
Sales and marketing | 54.2 | 52.6
Product development | 6.2 | 8.1
General and administrative | 20.5 | 20.9
Total operating expenses | 80.9 | 81.6
Income from operations | 8.5 | 7.4
Other income (loss), net | (0.5) | —
Income before income taxes | 8.0 | 7.4
Income tax expense | 4.3 | 3.2
Net income | 3.7% | 4.2%


Question: What is the cost of revenues for 2019 and 2018 respectively as a percentage of total revenues?
Answer: 10.6, 11.0