hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
A.9.1 Results of operations
Statement of Income of Siemens AG in accordance with German Commercial Code (condensed)
Beginning of August 2018, Siemens AG carved out its mobility business to Siemens Mobility GmbH by way of singular succession. The decreases in revenue, cost of sales, gross profit and research and development (R & D) expenses were mainly driven by this carve-out.
On a geographical basis, 75 % of revenue was generated in the Europe, C. I. S., Africa, Middle East region, 18 % in the Asia, Australia region and 7 % in the Americas region. Exports from Germany accounted for 62 % of overall revenue. In fiscal 2019, orders for Siemens AG amounted to € 21.6 billion. Within Siemens AG, the development of revenue depends strongly on the completion of contracts, primarily in connection with large orders.
The R & D intensity (R & D as a percentage of revenue) increased by 0.8 percentage points year-over-year. The research and development activities of Siemens AG are fundamentally the same as for its fields of business activities within the Siemens Group, respectively. On an average basis, we employed 9,000 people in R & D in fiscal 2019.
The decrease in Financial income, net was primarily attributable to lower income from investments, net. The main factor for this decrease was a significant income from the profit transfer agreement with Siemens Beteiligungen Inland GmbH, Germany, in
fiscal 2018.
Table:
 |  | Fiscal year | 
(in millions of €) | 2019 | 2018 | % Change
Revenue | 22,104 | 28,185 | (22) %
Cost of Sales | (15,825) | (21,074) | 25 %
Gross profit | 6,279 | 7,111 | (12) %
as percentage of revenue | 28 % | 25 % | 
Research and development expenses | (2,362) | (2,788) | 15 %
Selling and general administrative expenses | (3,979) | (3,767) | (6) %
Other operating income (expenses), net | 9,469 | 1 | n / a
Financial income, net thereof Income from investments, net 3,754 (prior year 5,381) | 3,188 | 4,643 | (31) %
Income from business activity | 12,596 | 5,199 | 142 %
Income taxes | (1,377) | (653) | (111) %
Net income | 11,219 | 4,547 | 147 %
Profit carried forward | 170 | 134 | 27 %
Allocation to other retained earnings | (6,005) | (1,451) | > (200) %
Unappropriated net income | 5,384 | 3,230 | 67 %


Question: What is the average revenue for 2019 and 2018?
Answer: 25144.5
Calculation: (22,104 + 28,185) / 2
The following table summarizes net revenues by significant product and services categories:
Endpoint and information protection products include endpoint security, advanced threat protection, and information protection solutions and their related support services. Network and web security products include network security, web security, and cloud security solutions and their related support services. WSS and PKI products consist of the solutions we divested on October 31, 2017. Other products and services primarily consist of email security products, managed security services, consulting, and other professional services.
Consumer security products include Norton security, Norton Secure VPN, and other consumer security solutions. Identity and information protection products include LifeLock identity theft protection and other information protection solutions.
Products and service revenue information
Table:
 |  | Year Ended | 
(in millions) | March 29, 2019 | March 30, 2018 | March 31, 2017
Enterprise Security: |  |  | 
Endpoint and information protection | $1,027 | $983 | $947
Network and web security | 748 | 782 | 451
WSS and PKI | - | 238 | 422
Other products and services | 548 | 551 | 535
Total Enterprise Security | $2,323 | $2,554 | $2,355
Consumer Cyber Safety: |  |  | 
Consumer security | $1,471 | $1,504 | $1,527
Identity and information protection | 937 | 776 | 137
Total Consumer Cyber Safety | 2,408 | 2,280 | 1,664
Total net revenues | $4,731 | $4,834 | $4,019


Question: For year ended march 29, 2019, what is the difference between  Total Consumer Cyber Safety and Total Enterprise Security?
Answer: 85
Calculation: 2,408-2,323
Basic earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period, plus the dilutive effect of outstanding restricted stock-based awards, stock options, and shares issuable under the employee stock purchase plan using the treasury stock method. The following table sets forth the computation of basic and diluted earnings per share:
(1) These weighted shares relate to anti-dilutive restricted stock-based awards and stock options as calculated using the treasury stock method and contingently issuable shares under PSO and PSU agreements. Such shares could be dilutive in the future. See Note 13 for information regarding the exercise prices of our outstanding, unexercised stock options.
Table:
Year Ended May 31, |  |  | 
(in millions, except per share data) | 2019 | 2018 | 2017
Net income | $11,083 | $3,587 | $9,452
Weighted average common shares outstanding | 3,634 | 4,121 | 4,115
Dilutive effect of employee stock plans | 98 | 117 | 102
Dilutive weighted average common shares outstanding | 3,732 | 4,238 | 4,217
Basic earnings per share | $3.05 | $0.87 | $2.30
Diluted earnings per share | $2.97 | $0.85 | $2.24
Shares subject to anti-dilutive restricted stock-based awards and stock options excluded from calculation (1) | 71 | 64 | 74


Question: What was the percentage change in dilutive effect of employee stock plans from 2017 to 2018?
Answer: 14.71
Calculation: (117-102)/102
Interest income (expense), net consisted of the following:
Interest income is related to the cash and cash equivalents held by the Company. Interest expense recorded in 2019, 2018 and 2017 included respectively a charge of $39 million, $38 million and $37 million on the senior unsecured convertible bonds issued in July 2017 and July 2014, of which respectively $37 million, $36 million and $33 million was a non-cash interest expense resulting from the accretion of the discount on the liability component. Net interest includes also charges related to the banking fees and the sale of trade and other receivables.
No borrowing cost was capitalized in 2019, 2018 and 2017. Interest income on government bonds and floating rate notes classified as available-for-sale marketable securities amounted to $6 million for the year ended December 31, 2019, $6 million for the year ended December 31, 2018 and $6 million for the year ended December 31, 2017.
Table:
 | Year ended December 31, 2019 | Year ended December 31, 2018 | Year ended December 31, 2017
Income | 55 | 47 | 30
Expense | (54) | (54) | (52)
Total | 1 | (7) | (22)


Question: What charges are included in Net interest?
Answer: the banking fees and the sale of trade and other receivables.
Preliminary Purchase Price Allocation
For the Assemble Systems, PlanGrid, and BuildingConnected acquisitions that were accounted for as business combinations, Autodesk recorded the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition. The fair values assigned to the identifiable intangible assets acquired were based on estimates and assumptions determined by management. Autodesk recorded the excess of consideration transferred over the aggregate fair values as goodwill. The goodwill recorded is primarily attributable to synergies expected to arise after the acquisition. There is no amount of goodwill that is deductible for U.S. income tax purposes.
The following table summarizes the fair value of the assets acquired and liabilities assumed by major class for the business combinations that were completed during the fiscal year ended January 31, 2019:
(1) During Q4 of fiscal 2019, Autodesk recorded a measurement period adjustment related to the valuation of the deferred tax liability associated with the Assemble Systems acquisition. This adjustment increased goodwill and reduced net tangible assets by $0.1 million.
For the three business combinations in fiscal 2019, the determination of estimated fair values of certain assets and liabilities is derived from estimated fair value assessments and assumptions by Autodesk. For PlanGrid and BuildingConnected, Autodesk's estimates and assumptions are subject to change within the measurement period (up to one year from the acquisition date). For the three business combinations in fiscal 2019, the tax impact of the acquisition is also subject to change within the measurement period. Different estimates and assumptions could result in different valuations assigned to the individual assets acquired and liabilities assumed, and the resulting amount of goodwill.
Table:
 | Assemble Systems (1) | PlanGrid | BuildingConnected | Total
Developed technologies | $4.4 | $78.0 | $12.5 | $94.9
Customer relationships and other non-current intangible assets | 12.0 | 98.0 | 26.9 | 136.9
Trade name | 2.8 | 20.0 | 6.8 | 29.6
Goodwill | 72.0 | 588.7 | 206.3 | 867.0
Deferred revenue (current and non-current) | (1.7) | (25.5) | (2.8) | (30.0)
Net tangible assets | 4.1 | 18.4 | 3.5 | 26.0
Total | $93.6 | $777.6 | $253.2 | $1,124.4


Question: How much does goodwill account for the total?
Answer: 77.11
Calculation: 867/1,124.4
Our property business includes the operation of communications sites and managed networks, the leasing of property interests, and, in select markets, the operation of fiber and the provision of backup power through shared generators. Our presence in a number of markets at different relative stages of wireless development provides us with significant diversification and long-term growth potential. Our property segments accounted for the following percentage of consolidated total revenue for the years ended December 31,:
Communications Sites. Approximately 95%, 96% and 97% of revenue in our property segments was attributable to our communications sites, excluding DAS networks, for the years ended December 31, 2019, 2018 and 2017, respectively.
We lease space on our communications sites to tenants providing a diverse range of communications services, including cellular voice and data, broadcasting, mobile video and a number of other applications. In addition, in many of our international markets, we receive pass-through revenue from our tenants to cover certain costs, including power and fuel costs and ground rent. Our top tenants by revenue for each region are as follows for the year ended December 31, 2019: • U.S.: AT&T Inc. (“AT&T”); Verizon Wireless; T-Mobile US, Inc. (“T-Mobile”); and Sprint Corporation (“Sprint”) accounted for an aggregate of 89% of U.S. property segment revenue. T-Mobile and Sprint have announced plans to merge in 2020. • Asia: Vodafone Idea Limited; Bharti Airtel Limited (“Airtel”); and Reliance Jio accounted for an aggregate of 83% of Asia property segment revenue. • Africa: MTN Group Limited (“MTN”); and Airtel accounted for an aggregate of 74% of Africa property segment revenue. • Europe: Telefónica S.A (“Telefónica”); Bouygues; and Free accounted for an aggregate of 70% of Europe property segment revenue. • Latin America: Telefónica; AT&T; and América Móvil accounted for an aggregate of 58% of Latin America property segment revenue.
Table:
 | 2019 | 2018 | 2017
U.S. | 55% | 51% | 55%
Asia | 16% | 21% | 17%
Africa | 8% | 7% | 7%
Europe | 2% | 2% | 2%
Latin America | 18% | 17% | 18%


Question: What was the change in the percentage of total revenue in U.S. between 2018 and 2019?
Answer: 4
Calculation: 55%-51%
25. Loans and other borrowings continued
Loans and other borrowings are analysed as follows:
a Includes collateral received on swaps of £638m (2017/18: £525m, 2016/17: £702m).
The carrying values disclosed in the above table reflect balances at amortised cost adjusted for accrued interest and fair value adjustments to the relevant loans or borrowings. These do not reflect the final principal repayments that will arise after taking account of the relevant derivatives in hedging relationships which are reflected in the table below. Apart from finance leases, all borrowings as at 31 March 2019, 2018 and 2017 were unsecured.
Table:
 | 2019 | 2018 | 2017
At 31 March | £m | £m | £m
Current liabilities |  |  | 
Listed bonds | 1,367 | 1,702 | 1,539
Finance leases | 16 | 18 | 15
Bank loans | – | – | 352
Other loans and bank overdrafts a | 717 | 561 | 726
Total current liabilities | 2,100 | 2,281 | 2,632
Non-current liabilities |  |  | 
Listed bonds | 14,586 | 11,789 | 9,866
Finance leases | 190 | 205 | 214
Other loans | – | – | 1
Total non-current liabilities | 14,776 | 11,994 | 10,081
Total | 16,876 | 14,275 | 12,713


Question: In which year(s) are there are no bank loans?
Answer: 2019, 2018
Calculation: locate and analyze Finance leases in row 5
Restricted Stock Units
The 2013 Plan provides for the issuance of RSUs to employees, directors, and consultants. RSUs issued under the 2013 Plan generally vest over four years. A summary of activity of RSUs under the 2013 Plan at December 31, 2019 and changes during the periods then ended is presented in the following table:
As of December 31, 2019 and 2018, there was a total of $198.3 million and $107.9 million of unrecognized share-based compensation expense, net of estimated forfeitures, related to RSUs, which will be recognized on a straight-line basis over the remaining weighted-average vesting periods of approximately 2.3 years and 2.4 years, respectively.
Table:
 | Number of RSUs Outstanding (in thousands) | Weighted- Average Grant Date Fair Value Per Share | Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2016 | 3,554 | $18.01 | $73,261
Granted | 3,005 | 30.20 | 
Released | (1,680) | 19.54 | 
Canceled/Forfeited | (598) | 20.91 | 
Outstanding at December 31, 2017 | 4,281 | $25.51 | $207,197
Granted | 1,746 | 67.64 | 
Released | (1,971) | 30.50 | 
Canceled/Forfeited | (495) | 34.99 | 
Outstanding at December 31, 2018 | 3,561 | $42.09 | $293,523
Granted | 2,069 | 122.35 | 
Released | (1,906) | 50.99 | 
Canceled/Forfeited | (475) | 60.38 | 
Outstanding at December 31, 2019 | 3,249 | $85.39 | $548,145


Question: What is the percentage change in outstanding RSUs between December 31, 2017 and December 31, 2018?
Answer: -16.82
Calculation: (3,561 - 4,281)/4,281
Unbilled receivables are client committed amounts for which revenue recognition precedes billing, and billing is solely subject to the passage of time.
Unbilled receivables are expected to be billed in the future as follows
Table:
(Dollars in thousands) | December 31, 2019 | 
1 year or less | $180,219 | 60%
1-2 years | 91,132 | 30%
2-5 years | 30,604 | 10%
 | $301,955 | 100%


Question: What are the respective unbilled receivables within 1-2 years and within 2-5 years?
Answer: 91,132, 30,604
15. Revenue from Contracts with Customers
Impact of Adopting Topic 606
The effects of the adoption on the Company's Consolidated Financial Statements for the fiscal year ended September 28, 2019 was as follows (in thousands):
Table:
 |  | Fiscal Year Ended | 
 | September 28, 2019
As Reported | Adjustments due to Topic 606 | September 28, 2019
As Adjusted - Without
Adoption of Topic 606
Net sales | $3,164,434 | $14,880 | $3,149,554
Cost of sales | 2,872,596 | 12,934 | 2,859,662
       Gross profit | 291,838 | 1,946 | 289,892
       Operating income | 142,055 | 1,946 | 140,109
       Income before income taxes | 125,955 | 1,946 | 124,009
Income tax expense | 17,339 | 440 | 16,899
           Net income | $108,616 | $1,506 | $107,110


Question: What was the amount of Net Sales as reported?
Answer: 3,164,434
The following table sets forth our 60-month backlog estimate, by reportable segment, as of December 31, 2019; September 30, 2019; June 30, 2019; March 31, 2019; and December 31, 2018 (in millions). The 60-month backlog estimate includes approximately $1.5 billion as a result of the acquisition of Speedpay, which occurred on May 9, 2019. Dollar amounts reflect foreign currency exchange rates as of each period end. This is a non-GAAP financial measure being presented to provide comparability across accounting periods. We believe this measure provides useful information to investors and others in understanding and evaluating our financial performance.
Estimates of future financial results require substantial judgment and are based on several assumptions, as described above. These assumptions may turn out to be inaccurate or wrong for reasons outside of management’s control. For example, our customers may attempt to renegotiate or terminate their contracts for many reasons, including mergers, changes in their financial condition, or general changes in economic conditions in the customer’s industry or geographic location. We may also experience delays in the development or delivery of products or services specified in customer contracts, which may cause the actual renewal rates and amounts to differ from historical experiences. Changes in foreign currency exchange rates may also impact the amount of revenue recognized in future periods. Accordingly, there can be no assurance that amounts included in backlog estimates will generate the specified revenues or that the actual revenues will be generated within the corresponding 60-month period. Additionally, because certain components of Committed Backlog and all of Renewal Backlog estimates are operating metrics, the estimates are not required to be subject to the same level of internal review or controls as contracted but not recognized Committed Backlog.
Table:
 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018
ACI On Premise | $1,977 | $1,925 | $1,880 | $1,861 | $1,875
ACI On Demand | 3,855 | 3,756 | 3,813 | 2,290 | 2,299
Total | $5,832 | $5,681 | $5,693 | $4,151 | $4,174
 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018
Committed | $2,168 | $2,003 | $2,105 | $1,734 | $1,832
Renewal | 3,664 | 3,678 | 3,588 | 2,417 | 2,342
Total | $5,832 | $5,681 | $5,693 | $4,151 | $4,174


Question: What was the percentage change in ACI on premise between December 31 and September 30, 2019?
Answer: 2.7
Calculation: ($1,977-$1,925)/$1,925
Reconciliation of net voyage revenues to voyage revenues:
(1) Vessel Calendar Days is the total number of days the vessels were in our fleet.
(2) Time Charter Equivalent ("TCE") Rate, results from Net Voyage Revenue divided by total TCE days.
Table:
 |  | Years Ended December 31,     | 
All figures in USD '000, except TCE rate per day  | 2018 | 2017 | Variance 
Voyage Revenue   | 289,016 | 297,141 | (2.7%)
Less Voyage expenses   | (165,012) | (142,465) | 15.8%
Net Voyage Revenue   | 124,004 | 154,676 | (19.8%)
Vessel Calendar Days (1)   | 9,747 | 10,892 | (10.5%)
Less off-hire days   | 277 | 867 | (68.1%)
Total TCE days   | 9,470 | 10,025 | (5.5%)
TCE Rate per day (2)  | $13,095 | $15,428 | (15.1%)
Total Days for vessel operating expenses   | 9,747 | 10,892 | (10.5%)


Question: What is the value of the voyage revenue in 2017 as a percentage of the revenue in 2018?
Answer: 102.81
Calculation: 297,141/289,016
Other Intangible Assets, Net
Other intangible assets include developed technologies, customer relationships, trade names, patents, user lists and the related accumulated amortization. These assets are shown as “Developed technologies, net” and as part of “Other assets” in the Consolidated Balance Sheet. The majority of Autodesk’s other intangible assets are amortized to expense over the estimated economic life of the product, which ranges from two to ten years. Amortization expense for developed technologies, customer relationships, trade names, patents, and user lists was $33.5 million in fiscal 2019, $36.6 million in fiscal 2018 and $72.2 million in fiscal 2017.
Other intangible assets and related accumulated amortization at January 31 were as follows:
(1) Included in “Other assets” in the accompanying Consolidated Balance Sheets. (2) Includes the effects of foreign currency translation.
Table:
 | 2019 | 2018
Developed technologies, at cost | $670.2 | $578.5
Customer relationships, trade names, patents, and user lists, at cost (1) | 533.1 | 372.5
Other intangible assets, at cost (2) | 1,203.3 | 951.0
Less: accumulated amortization | (922.5) | (895.8)
Other intangible assets, net | $280.8 | $55.2


Question: What is the increase in net other tangible assets from 2018 to 2019?
Answer: 225.6
Calculation: 280.8-55.2
Gross Profit
Gross profit increased $269.4 million, or 45.2%, for the year ended December 31, 2019 compared to the same period in 2018. As a percentage of total revenues, gross profit decreased from 55.6% in the year ended December 31, 2018 to 54.9% in the year ended December 31, 2019, due to Shopify Payments representing a larger percentage of total revenue and an increase in amortization of technology related to the 6RS acquisition as well as other platform enhancements. This was partly offset by lower third-party infrastructure and hosting costs and employee-related costs as a percentage of revenues as well as the relative growth of higher-margin merchant solutions products, namely Shopify Capital and referral fees from partners.
Gross profit increased $216.0 million, or 56.8%, for the year ended December 31, 2018 compared to the same period in 2017. As a percentage of total revenues, gross profit decreased from 56.5% in the year ended December 31, 2017 to 55.6% in the year ended December 31, 2018, due to Shopify Payments representing a larger percentage of total revenue, increasing the functionality and flexibility of our hosting infrastructure, and higher product costs associated with expanding our product offerings. This was partly offset by the relative growth of higher-margin merchant solutions products, namely referral fees from partners, Shopify Capital, and Shopify Shipping.
Table:
 | Years ended December 31 |  |  | 2019 vs 2018 | 2018 vs 2017
 | 2019 | 2018 | 2017 | % Change | % Change
 | (in thousands, except percentages) |  |  |  | 
Gross profit | $ 865,643 | $ 596,267 | $ 380,253 | 45.2 % | 56.8 %
Percentage of total revenues | 54.9 % | 55.6 % | 56.5 % |  | 


Question: What is the gross profit as at year ended December 31, 2018?
Answer: $ 596,267
Backlog
At December 31, 2019 and 2018, our backlog of unfilled orders in our four reportable segments was as follows:
Customers may delay delivery of products or cancel orders suddenly and without advanced notice, subject to possible cancellation penalties. Due to possible customer changes in delivery schedules and cancellation of orders, our backlog at any particular date is not necessarily indicative of the actual sales for any succeeding period. Delays in delivery schedules or cancellations of backlog during any particular period could have a material adverse effect on our business, financial condition or results of operations.
Table:
 | 2019 | 2018
 | (in millions) | 
Semiconductor Test | $543.2 | $367.5
System Test | 206.0 | 149.5
Wireless Test | 42.9 | 32.0
Industrial Automation | 17.9 | 19.7
 | $810.0 | $568.7


Question: What are the reportable segments in the table?
Answer: Semiconductor Test, System Test, Wireless Test, Industrial Automation