hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
NOTE E – PROPERTY AND EQUIPMENT
The Company’s property and equipment as of December 31, 2019 and 2018 consists of the following:
Depreciation and amortization expense included as a charge to income was $66,082 and $67,107 for the years ended December 31, 2019 and 2018, respectively.
Table:
 | 2019 | 2018
Development test equipment | $16,461 | $19,110
Computer software | 76,134 | 76,134
Office equipment | 66,685 | 61,367
Office fixtures and furniture | 330,568 | 330,568
Leasehold improvements | 18,016 | 18,016
Total | 507,864 | 505,195
Accumulated depreciation and amortization | (321,339) | (257,906)
Total property and equipment | 186,525 | $247,289


Question: What are the types of property and equipment?
Answer: development test equipment, computer software, office equipment, office fixtures and furniture, leasehold improvements
30. Financial instruments and financial risk management continued
b) Credit risk continued
The composition of trade receivables at 31 December is as follows:
The Group closely monitors amounts due from customers and performs activities such as credit checks and reviews of payment history and has put in place appropriate credit approval limits. Based on these procedures, management assessed the quality of those receivables that are past due but not impaired as low risk.
The receivables’ provision is based on expected credit losses. The movement on the provision during the year is given in note 20. The value of impaired trade receivables is $1.4 million (2018 $0.9 million). For all other financial assets, the maximum exposure to credit risk is represented by the carrying amount.
Table:
 | 2019 | 2018
 | $ million | $ million
Neither impaired nor past due | 115.3 | 99.8
Past due but not impaired: |  | 
– Less than 30 days overdue | 8.6 | 16.8
– 30 to 60 days | 3.6 | 3.2
– Over 60 days | 1.2 | 3.6
Trade receivables | 128.7 | 123.4


Question: What are the composition of trade receivables which are past due but not impaired?
Answer: Less than 30 days overdue, 30 to 60 days, Over 60 days
Deferred revenue and financed unearned services revenue (in millions):
The following table summarizes the components of our deferred revenue and financed unearned services balance as reported in our consolidated balance sheets (in millions):
Deferred product revenue represents unrecognized revenue related to undelivered product commitments and other product deliveries that have not met all revenue recognition criteria. Deferred services revenue represents customer payments made in advance for services, which include software and hardware maintenance contracts and other services. Financed unearned services revenue represents undelivered services for which cash has been received under certain third-party financing arrangements. See Note 18 – Commitments and Contingencies for additional information related to these arrangements
Table:
 | April 26, 2019 | April 27, 2018
Deferred product revenue | $ 84 | $ 107
Deferred services revenue | 3,502 | 3,134
Financed unearned services revenue | 82 | 122
Total | $ 3,668 | $ 3,363
Reported as: |  | 
Short-term | $ 1,825 | $ 1,712
Long-term | 1,843 | 1,651
Total | $ 3,668 | $ 3,363


Question: Which years does the company provide information for components of the company's deferred revenue and financed unearned services balance?
Answer: 2019, 2018
Dividends
The following table shows our total cash dividends paid in the years ended December 31:
On February 13, 2020, our Board of Directors declared a quarterly cash dividend of $0.16 per common share payable on March 20, 2020 to stockholders of record at the close of business on March 6, 2020. The estimated amount of this dividend payment is $24.8 million based on 154.7 million shares of our common stock issued and outstanding as of February 21, 2020.
The dividend payments discussed above are recorded as reductions to cash and cash equivalents and retained earnings on our Consolidated Balance Sheets. Our credit facility and our senior notes contain covenants that restrict our ability to declare or pay dividends and repurchase stock. However, we do not believe these covenants are likely to materially limit the future payment of quarterly cash dividends on our common stock. From time to time, we may consider other means of returning value to our stockholders based on our consolidated financial condition and results of operations. There is no guarantee that our Board of Directors will declare any further dividends.
Table:
(In millions, except per share amounts) | Total Cash Dividends Paid | Total Cash Dividends Paid Per Common Share
2017 | $119.7 | $0.64
2018 | 102.9 | 0.64
2019 | 99.1 | 0.64
Total | $321.7 | 


Question: What did the Board of Directors declare on February 13, 2020?
Answer: a quarterly cash dividend of $0.16 per common share payable on March 20, 2020 to stockholders of record at the close of business on March 6, 2020.
5. Goodwill and Purchased Intangible Assets
(b) Purchased Intangible Assets
The following tables present details of our purchased intangible assets (in millions):
Purchased intangible assets include intangible assets acquired through acquisitions as well as through direct purchases or licenses.
Impairment charges related to purchased intangible assets were approximately $47 million for fiscal 2017. Impairment charges were as a result of declines in estimated fair value resulting from the reduction or elimination of expected future cash flows associated with certain of our technology and IPR&D intangible assets.
Table:
July 27, 2019 | Gross | Accumulated Amortization | Net
Purchased intangible assets with finite lives: |  |  | 
Technology  . | $3,270 | $(1,933) | $1,337
Customer relationships . | 840 | (331) | 509
Other | 41 | (22) | 19
Total purchased intangible assets with finite lives | 4,151 | (2,286) | 1,865
In-process research and development, with indefinite lives . | 336 | — | 336
Total . | $4,487 | $(2,286) | $2,201


Question: How much were the impairment charges related to purchased intangible assets for fiscal 2017?
Answer: $47 million
Key Balance Sheet Information
Total assets increased $1,234.7 million as at December 31, 2019 compared to December 31, 2018, principally due to a $485.5 million increase in cash, cash equivalents and marketable securities mainly as a result of the public offering in September 2019, which resulted in net proceeds of $688.0 million. Business acquisitions during the year, largely due to the acquisition of 6RS, further impacted total assets through an increase in goodwill of $273.8 million, a $141.2 million increase in intangible assets and a resulting decrease in cash due to the consideration paid. The remainder of the increase is due to: the adoption of the new lease accounting standard, further discussed in the "Critical Accounting Policies and Estimates" section below, which resulted in the addition of right-of-use assets totaling $134.8 million as at December 31, 2019; a $58.3 million increase in merchant cash advances and loans receivable; a $49.8 million increase in property and equipment, largely related to leaseholds for our offices; a $49.2 million increase in trade and other receivables largely due to an increase in indirect taxes receivable, unbilled revenue related to subscription fees for Plus merchants, transaction fees and shipping charges; and a $19.4 million increase in deferred tax assets. Total liabilities increased by $309.7 million, principally as a result of the adoption of the new leasing standard, which resulted in $126.8 million of additional lease liabilities related to obtaining right-of-use assets. Accounts payable and accrued liabilities increased by $84.2 million, which was due to an increase in indirect taxes payable, payroll liabilities, and payment processing and interchange fees, partly offset by a decrease in foreign exchange forward contract liabilities. The increase was also due to income taxes payable of $69.4 million driven largely by the one-time capital gain recognized in the period. Deferred tax liabilities increased by $7.6 million, due to the acquisition of 6RS. The growth in sales of our subscription solutions offering, along with the acquisition of 6RS, resulted in an increase of deferred revenue of $21.6 million.
Table:
 | December 31, 2019 | December 31, 2018
 | (in thousands) | 
Cash, cash equivalents and marketable securities | $2,455,194 | $1,969,670
Total assets | 3,489,479 | 2,254,785
Total liabilities | 473,745 | 164,017
Total non-current liabilities | 157,363 | 25,329


Question: What was the average cash, cash equivalents and marketable securities for 2018 and 2019?
Answer: 2212432
Calculation: ($2,455,194+$1,969,670)/2
company stock performance the following graph shows a five-year comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 composite index , the s&p computer hardware index , and the dow jones u.s . technology index . the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 composite index , the s&p computer hardware index , and the dow jones u.s . technology index on september 30 , 2006 . data points on the graph are annual . note that historic stock price performance is not necessarily indicative of future stock price performance . comparison of 5 year cumulative total return* among apple inc. , the s&p 500 index , the s&p computer hardware index and the dow jones us technology index sep-10sep-09sep-08sep-07sep-06 sep-11 apple inc . s&p 500 s&p computer hardware dow jones us technology *$ 100 invested on 9/30/06 in stock or index , including reinvestment of dividends . fiscal year ending september 30 . copyright a9 2011 s&p , a division of the mcgraw-hill companies inc . all rights reserved . copyright a9 2011 dow jones & co . all rights reserved . september 30 , september 30 , september 30 , september 30 , september 30 , september 30 .

Table:
 | september 30 2006 | september 30 2007 | september 30 2008 | september 30 2009 | september 30 2010 | september 30 2011
apple inc . | $ 100 | $ 199 | $ 148 | $ 241 | $ 369 | $ 495
s&p 500 | $ 100 | $ 116 | $ 91 | $ 85 | $ 93 | $ 94
s&p computer hardware | $ 100 | $ 148 | $ 124 | $ 147 | $ 174 | $ 197
dow jones us technology | $ 100 | $ 123 | $ 94 | $ 104 | $ 117 | $ 120
.

Question: did apple achieve a greater return in the year ended sept . 30 2008 than the s&p 500?
Answer: yes
Calculation: greater(148, 91)
Note 16. Accrued Employee Compensation and Benefits
Accrued employee compensation and benefits consisted of the following (in thousands):
Table:
 | December 31, | 
 | 2019 | 2018
Accrued compensation | $38,186 | $34,095
Accrued bonus and commissions | 27,039 | 19,835
Accrued vacation | 20,647 | 19,019
Accrued employment taxes | 16,468 | 15,598
Accrued severance and related costs (Note 5) | 485 | 793
Other | 6,766 | 6,473
 | $109,591 | $95,813


Question: In which year was the amount of Other larger?
Answer: 2019
Calculation: 6,766>6,473
The following table provides a reconciliation of Adjusted Gross Profit to Gross Profit, the most directly comparable financial measure presented in accordance with U.S. GAAP:
(a) Represents depreciation and amortization expense included in cost of goods sold
(b) Represents additional operating costs incurred in connection with the start-up of our new manufacturing lines as part of the Freshpet Kitchens expansion project in 2016 that included adding two additional product lines.
(c) Represents non-cash share-based compensation expense included in cost of goods sold.
Table:
 | Twelve Months Ended December 31, |  |  |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
 | (Dollars in thousands) |  |  |  | 
Gross Profit | $114,197 | $89,990 | $72,416 | $60,371 | $54,649
Depreciation expense (a) | 6,370 | 6,089 | 5,791 | 4,028 | 2,566
Plant start-up expense (b) | — | — | — | 1,628 | —
Non-cash share-based compensation (c) | 922 | 859 | 243 | 221 | 201
Adjusted Gross Profit | $121,489 | $96,938 | $78,450 | $66,248 | $57,416
Adjusted Gross Profit as a % of Net Sales | 49.4% | 50.2% | 51.5% | 51.1% | 50.6%


Question: What is the adjusted gross profit for each financial year end shown in the table (in chronological order)?
Answer: $57,416, $66,248, $78,450, $96,938, $121,489
Capital management
The following table summarises the capital of the Group at 31 March:
Note: 1 Financial liabilities under put option arrangements comprise liabilities for payments due to holders of the equity shares in Kabel Deutschland AG under the terms of a domination and profit and loss transfer agreement; the amounts at 31 March 2018 were previously presented within short-term borrowings
The Group’s policy is to borrow centrally using a mixture of long-term and short-term capital market issues and borrowing facilities to meet anticipated funding requirements. These borrowings, together with cash generated from operations, are loaned internally or contributed as equity to certain subsidiaries. The Board has approved three internal debt protection ratios being: net interest to operating cash flow (plus dividends from associates); retained cash flow (operating cash flow plus dividends from associates less interest, tax, dividends to non-controlling shareholders and equity dividends) to net debt; and operating cash flow (plus dividends from associates) to net debt. These internal ratios establish levels of debt that the Group should not exceed other than for relatively short periods of time and are shared with the Group’s debt rating agencies being Moody’s, Fitch Ratings and Standard & Poor’s.
Table:
 | 2019 | 2018
 | €m | €m
Net debt | 27,033 | 29,631
Financial liabilities under put option arrangements1 | 1,844 | 1,838
Equity | 63,445 | 68,607
Capital | 92,322 | 100,076


Question: What does the Group's capital comprise of?
Answer: Net debt, Financial liabilities under put option arrangements, Equity
Operating Income (Loss) by Business Unit
Percentages reflect operating income (loss) as a percentage of revenue for each business unit.
CNBU operating income for 2019 decreased from 2018 primarily due to declines in pricing and higher R&D costs, partially offset by cost reductions. MBU operating income for 2019 decreased from 2018 primarily due to declines in pricing partially offset by increases in sales of high-value managed NAND products and manufacturing cost reductions. SBU operating margin for 2019 declined from 2018 primarily due to declines in pricing, which were partially offset by manufacturing cost reductions and increases in sales volumes. SBU operating results for 2019 and 2018 were adversely impacted by the underutilization charges at IMFT. EBU operating income for 2019 decreased from 2018 as a result of declines in pricing and higher R&D costs partially offset by manufacturing cost reductions and increases in sales volumes.
CNBU operating income for 2018 improved from 2017 primarily due to improved pricing and higher sales volumes resulting from strong demand for our products combined with manufacturing cost reductions. MBU operating income for 2018 improved from 2017 primarily due to increases in pricing and sales volumes for LPDRAM products, higher sales of high-value managed NAND products, and manufacturing cost reductions. SBU operating income for 2018 improved from 2017 primarily due to manufacturing cost reductions enabled by our execution in transitioning to 64-layer TLC 3D NAND products and improvements in product mix. SBU operating income for 2018 was adversely impacted by higher costs associated with IMFT's production of 3D XPoint memory products at less than full capacity. EBU operating income for 2018 increased as compared to 2017 as a result of increases in average selling prices, manufacturing cost reductions, and increases in sales volumes, partially offset by higher R&D costs.
Table:
For the year ended | 2019 | 2019 | 2018 | 2018 | 2017 | 2017
CNBU | $4,645 | 47% | $9,773 | 64% | $3,755 | 44%
MBU | 2,606 | 41% | 3,033 | 46% | 927 | 21%
SBU | (386) | (10)% | 964 | 19% | 552 | 12%
EBU | 923 | 29% | 1,473 | 42% | 975 | 36%
All Other | 13 | 18% | — | —% | 23 | 35%
 | $7,801 |  | $15,243 |  | $6,232 | 


Question: Why did MBU operating income for 2018 improved from 2017?
Answer: increases in pricing and sales volumes for LPDRAM products, higher sales of high-value managed NAND products, and manufacturing cost reductions
8 Directors’ emoluments
Directors represent the key management personnel of the Group under the terms of IAS 24 (Related Party Disclosures). Total remuneration is shown below.
Further details of salaries and short-term benefits, post-retirement benefits, share plans and long-term share incentive plans are shown in the Annual Report on Remuneration 2019 on pages 102 to 132. The share-based payments charge comprises a charge in relation to the Performance Share Plan and the Employee Share Ownership Plan (as described in Note 23).
Table:
 | 2019 | 2018
 | £m | £m
Salaries and short-term benefits | 4.1 | 3.7
Post-retirement benefits | 0.5 | 0.4
Share-based payments | 1.7 | 1.3
Total Directors' remuneration | 6.3 | 5.4


Question: What details are shown in the Annual Report on Remuneration 2019?
Answer: Further details of salaries and short-term benefits, post-retirement benefits, share plans and long-term share incentive plans
REMUNERATION COMMITTEE REPORT
The table above shows the actual expenditure of the Group for employee pay and distributions to shareholders compared to the retained earnings of the Group.
Table:
RELATIVE IMPORTANCE OF SPEND ON PAY |  |  | 
Expenditure USDm | 2019 | 2018 | 2017
Dividends paid | - | - | 1.2
Purchase of outstanding treasury shares in TORM A/S | - | - | -
Purchase/disposals of treasury shares | - | - | -
Total | - | - | 1.2
Staff costs | 45.8 | 46.2 | 43.8
Retained earnings | 920.0 | 752.0 | 786.0


Question: What is the retained earnings for 2019?
Answer: 920.0
49. Notes on related parties
In financial year 2018/19, METRO maintained the following business relations to related companies:
Transactions with associated companies and other related parties
The services received totalling €93 million (2017/18: €96 million) that METRO companies received from associates and other related parties in financial year 2018/19 consisted mainly of real estate leases in the amount of €79 million (2017/18: €80 million), thereof €76 million from associates; (2017/18: €78 million) and the rendering of services in the amount of €15 million (2017/18: €16 million), thereof €7 million from joint ventures; (2017/18: €8 million). Other future financial commitments in the amount of €667 million (2017/18: €719 million) consist of tenancy agreements with the following associated companies: OPCI FWP France, OPCI FWS France, Habib METRO Pakistan and the Mayfair group. In financial year 2018/19, METRO companies provided services to companies belonging to the group of associates and related parties in the amount of €8 million (2017/18: €8 million). A dividend of €38 million has been paid out to a shareholder with significant influence. Business relations with related parties are based on contractual agreements providing for arm’s length prices. As in financial year 2017/18, there were no business relations with related natural persons and companies of management in key positions in financial year 2018/19.
Related persons (compensation for management in key positions)
The management in key positions consists of members of the Management Board and the Supervisory Board of METRO AG. Thus, the expenses for members of the Management Board of METRO AG amounted to €6.9 million (2017/18: €5.2 million) for short-term benefits and €3.7 million (2017/18: €7.0 million) for post-employment benefits. Thereof an amount of €3.0 million relates to termination benefits paid in financial year 2018/19. The expenses for existing compensation programmes with long-term incentive effect in financial year 2018/19, calculated in accordance with IFRS 2, amounted to €2.6 million (2017/18: €0.7 million). The short-term compensation for the members of the Supervisory Board of METRO AG amounted to €2.2 million (2017/18: €2.2 million). The total compensation for members of the Management Board in key positions in financial year 2018/19 amounted to €15.4 million (2017/18: €15.1 million).
Table:
€ million | 2017/2018 | 2018/2019
Services provided | 8 | 8
Associates | 5 | 5
Joint ventures | 3 | 3
Miscellaneous related parties | 0 | 0
Services received | 96 | 93
Associates | 78 | 76
Joint ventures | 8 | 7
Miscellaneous related parties | 10 | 10
Receivables from services provided, as of 30/9 | 0 | 0
Associates | 0 | 0
Joint ventures | 0 | 0
Miscellaneous related parties | 0 | 0
Liabilities from goods/services received as of 30/9 | 1 | 1
Associates | 0 | 0
Joint ventures | 0 | 0
Miscellaneous related parties | 1 | 1


Question: What was the percentage change in services received in FY2019 from FY2018?
Answer: -3.12
Calculation: (93-96)/96
performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's compensation survey group and the s&p 500 index . the graph assumes the investment of $ 100 as of december 31 , 2010 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis . date pmi pmi compensation survey group ( 12 ) s&p 500 index .

Table:
date | pmi | pmi compensation survey group ( 12 ) | s&p 500 index
december 31 2010 | $ 100.00 | $ 100.00 | $ 100.00
december 31 2011 | $ 139.80 | $ 114.10 | $ 102.10
december 31 2012 | $ 154.60 | $ 128.00 | $ 118.50
december 31 2013 | $ 167.70 | $ 163.60 | $ 156.80
december 31 2014 | $ 164.20 | $ 170.10 | $ 178.30
december 31 2015 | $ 186.20 | $ 179.20 | $ 180.80
( 1 ) the pmi compensation survey group consists of the following companies with substantial global sales that are direct competitors ; or have similar market capitalization ; or are primarily focused on consumer products ( excluding high technology and financial services ) ; and are companies for which comparative executive compensation data are readily available : bayer ag , british american tobacco p.l.c. , the coca-cola company , diageo plc , glaxosmithkline , heineken n.v. , imperial brands plc ( formerly , imperial tobacco group plc ) , johnson & johnson , mcdonald's corp. , international , inc. , nestl e9 s.a. , novartis ag , pepsico , inc. , pfizer inc. , roche holding ag , unilever nv and plc and vodafone group plc .
( 2 ) on october 1 , 2012 , international , inc .
( nasdaq : mdlz ) , formerly kraft foods inc. , announced that it had completed the spin-off of its north american grocery business , kraft foods group , inc .
( nasdaq : krft ) .
international , inc .
was retained in the pmi compensation survey group index because of its global footprint .
the pmi compensation survey group index total cumulative return calculation weights international , inc.'s total shareholder return at 65% ( 65 % ) of historical kraft foods inc.'s market capitalization on december 31 , 2010 , based on international , inc.'s initial market capitalization relative to the combined market capitalization of international , inc .
and kraft foods group , inc .
on october 2 , 2012 .
note : figures are rounded to the nearest $ 0.10. .

Question: what was the difference in percentage cumulative total shareholder return on pmi's common stock versus the s&p 500 index for the five years ended december 31 , 2015?
Answer: 5.40%
Calculation: subtract(186.20, const_100), divide(#0, const_100), subtract(180.80, const_100), divide(#2, const_100), subtract(#1, #3)