hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Insurance Segment
(1) The Insurance segment revenues are inclusive of realized and unrealized gains and net investment income for the year ended December 31, 2019 and 2018. Such adjustments are related to transactions between entities under common control which are eliminated or are reclassified in consolidation.
Life, accident and health earned premiums, net: Life, accident and health earned premiums, net from our Insurance segment for the year ended December 31, 2019 increased $22.4 million to $116.8 million from $94.4 million for the year ended December 31, 2018. The increase was primarily due to the premiums generated from the acquisition of KIC in 2018.
Net investment income: Net investment income from our Insurance segment for the year ended December 31, 2019 increased $95.8 million to $212.9 million from $117.1 million for the year ended December 31, 2018. The increase was primarily due to the income generated from the assets acquired in the KIC acquisition, higher average invested assets as a result of the reinvestment of premiums and investment income received, and to a lesser extent, rotation into higher-yielding investments.
Net realized and unrealized gains on investments: Net realized and unrealized gains on investments from our Insurance segment for the year ended December 31, 2019 decreased $3.7 million to $1.9 million from $5.6 million for the year ended December 31, 2018. The decrease was driven by smaller realized gains on bonds and common stocks, higher impairments, and losses on fair value changes on interest only bonds in 2019. The decrease was offset by overall improvement in fair value changes in equity securities and realized gains on mortgage loans in 2019.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | Increase / (Decrease)
Life, accident and health earned premiums, net | $116.8 | $94.4 | $22.4
Net investment income | 212.9 | 117.1 | 95.8
Net realized and unrealized gains on investments | 1.9 | 5.6 | (3.7)
Net revenue | 331.6 | 217.1 | 114.5
Policy benefits, changes in reserves, and commissions | 234.4 | 197.3 | 37.1
Selling, general and administrative | 35.7 | 30.4 | 5.3
Depreciation and amortization | (23.1) | (12.4) | (10.7)
Other operating expense | 47.3 | — | 47.3
Income from operations (1) | $37.3 | $1.8 | $35.5


Question: What is the percentage increase / (decrease) in the Net revenue from 2018 to 2019?
Answer: 52.74
Calculation: 331.6 / 217.1 - 1
22. PENSIONS
Defined contribution scheme
We operate a defined contribution scheme. The pension cost for the period represents contributions payable by us to the scheme. The charge to net income for the years ended December 31, 2019, 2018 and 2017 was $2.4 million, $1.9 million and $1.7 million, respectively.
Defined benefit schemes
We have two defined benefit pension plans both of which are closed to new entrants but still cover certain of our employees. Benefits are based on the employee's years of service and compensation. Net periodic pension plan costs are determined using the Projected Unit Credit Cost method. Our plans are funded by us in conformity with the funding requirements of the applicable government regulations. Plan assets consist of both fixed income and equity funds managed by professional fund managers. We have two defined benefit pension plans both of which are closed to new entrants but still cover certain of our employees. Benefits are based on the employee's years of service and compensation. Net periodic pension plan costs are determined using the Projected Unit Credit Cost method. Our plans are funded by us in conformity with the funding requirements of the applicable government regulations. Plan assets consist of both fixed income and equity funds managed by professional fund managers.
We use December 31 as a measurement date for our pension plans.
The components of net periodic benefit costs are as follows:
The components of net periodic benefit costs are recognized in the income statement within administrative expenses and vessel operating expenses.
The estimated net loss for the defined benefit pension plans that will be amortized from accumulated other comprehensive income into net periodic pension benefit cost during the year ended December 31, 2019 is $0.8 million (2018: $1.4 million).
Table:
(in thousands of $) | 2019 | 2018 | 2017
Service cost | 162 | 250 | 313
Interest cost | 1,740 | 1,687 | 1,901
Expected return on plan assets | (375) | (926) | (843)
Recognized actuarial loss | 777 | 1,392 | 1,182
Net periodic benefit cost | 2,304 | 2,403 | 2,553


Question: How are net periodic pension plan costs determined?
Answer: Using the Projected Unit Credit Cost method
12. Government grants
The following government grants are included within creditors:
A government grant has been received to accelerate and support research and development in the vulnerability of global navigation satellite systems.
Table:
 | 2019 | 2018
 | £ million | £ million
Current | 0.7 | 0.3
Non-current | 0.1 | 0.8
 | 0.8 | 1.1


Question: What was the amount of Current government grants in 2019?
Answer: 0.7
Annual Recurring Revenue
Beginning with the fourth quarter of 2018, we began monitoring a new operating metric, total annual recurring revenue (“Total ARR”), which is defined as the annualized value of all recurring revenue contracts active at the end of a reporting period. Total ARR includes the annualized value of subscriptions (“Subscription ARR”) and the annualized value of software support contracts related to perpetual licenses (“Perpetual license support ARR”) active at the end of a reporting period and does not include revenue reported as perpetual license or professional services in our consolidated statement of operations. We are monitoring these metrics because they align with how our customers are increasingly purchasing our solutions and how we are managing our business. These ARR measures should be viewed independently of revenue, unearned revenue, and customer arrangements with termination rights as ARR is an operating metric and is not intended to be combined with or replace those items. ARR is not an indicator of future revenue and can be impacted by contract start and end dates and renewal rates.
ARR metrics as of December 31, 2019 and 2018 were as follows (unaudited):
Table:
 | December 31, | 
(in millions, except percentages) | 2019 | 2018
Total ARR | $179.5 | $162.6
Year-over-year percentage increase | 10% | 20%
Subscription ARR | $113.9 | $95.9
Year-over-year percentage increase | 19% | 32%
Perpetual license support ARR | $65.6 | $66.7
Year-over-year percentage increase (decrease) | (2)% | 6%


Question: When did the company start monitoring total annual recurring revenue? 
Answer: Beginning with the fourth quarter of 2018
The Group’s associates are considered to be related parties.
As at 30 March 2019 the following are also considered to be related parties under the Listing Rules due to their shareholdings exceeding 10% of the Group’s total issued share capital:
− Nissin Foods Holdings Co., Ltd. (“Nissin”) is considered to be a related party to the Group by virtue of its 19.47% (2017/18: 19.57%) equity shareholding in Premier Foods plc and of its power to appoint a member to the Board of directors.− Oasis Management Company Ltd (“Oasis”) is considered to be a related party to the Group by virtue of its 11.99% (2017/18: 9.01%) equity shareholding in Premier Foods plc and of its power to appoint a member to the Board of directors.
− Paulson Investment Company LLC, (“Paulson”) is considered to be a related party to the Group by virtue of its 11.98% (2017/18: 7.39%) equity shareholding in Premier Foods plc and of its power to appoint a member to the Board of directors.
As at 30 March 2019 the Group had outstanding balances with Hovis. Total trade receivables was £0.9m (2017/18: £0.5m) and total trade payables was £0.6m (2017/18: £2.5m).
Table:
 | 52 weeks ended | 52 weeks ended
 | 30 Mar 2019 | 31 Mar 2018
 | £m | £m
Sale of goods: |  | 
– Hovis | 0.3 | 0.3
Sale of services: |  | 
– Hovis | 0.7 | 0.7
– Nissin | 0.2 | 0.1
Total sales | 1.2 | 1.1
Purchase of goods: |  | 
– Hovis | 6.3 | 11.9
– Nissin | 10.3 | 7.1
Total purchases | 16.6 | 19.0


Question: What is the average hovis sale of services for 2018 and 2019?
Answer: 0.7
Calculation: (0.7 + 0.7) / 2
Financial and Operating Highlights
CONTINUING OPERATIONS
(1) See reconciliation of GAAP to non-GAAP financial measures tables in Management’s Discussion and Analysis of Financial Condition and Results of Operations in the Form 10-K.
Table:
(Amounts in thousands, except per share data and percentages) | 2019 | 2018 | 2017
Bookings | $1,002,320 | $2,779,782 | $1,234,013
Backlog | $3,400,952 | $4,064,451 | $2,536,499
Sales | $1,496,475 | $1,202,898 | $1,107,709
Sales growth % | 24% | 9% | 
Research & development | $50,132 | $52,398 | $52,652
Operating income | $86,237 | $24,382 | $2,628
Net income (loss) per share, continuing operations attributable to Cubic | $1.67 | $0.29 | $(0.95)
Adjusted EBITDA (1) | $146,594 | $104,561 | $87,470
Adjusted EBITDA growth % | 40% | 20% | 
Adjusted earnings per share (1) | $3.13 | $2.19 | $1.62
Adjusted earnings per share growth % | 43% | 35% | 
Cash dividend per share | $0.27 | $0.27 | $0.27
Long-term debt, inclusive of current portion | $199,824 | $199,793 | $199,761


Question: In which year is the adjusted earnings per share growth % larger?
Answer: 2019
Calculation: 43%>35%
Combined Incentive Plan Information
RSU share activity under the 2004 Plan is set forth below:
The total intrinsic value of RSUs which vested during the years ended March 31, 2019, 2018 and 2017 was $229.3 million, $146.0 million and $166.1 million, respectively. The aggregate intrinsic value of RSUs outstanding at March 31, 2019 was $522.0 million, calculated based on the closing price of the Company's common stock of $82.96 per share on March 29, 2019. At March 31, 2019, the weighted average remaining expense recognition period was 1.91 years.
Table:
 | Number of Shares | Weighted Average Grant Date Fair Value
Nonvested shares at March 31, 2016 | 6,307,742 | $36.76
Granted | 1,635,655 | 51.46
Assumed upon acquisition | 2,059,524 | 46.57
Forfeited | (722,212) | 43.58
Vested | (2,861,253) | 38.60
Nonvested shares at March 31, 2017 | 6,419,456 | 42.06
Granted | 1,267,536 | 77.26
Forfeited | (279,051) | 49.65
Vested | (1,735,501) | 38.00
Nonvested shares at March 31, 2018 | 5,672,440 | 50.79
Granted | 1,951,408 | 77.83
Assumed upon acquisition | 1,805,680 | 91.70
Forfeited | (408,242) | 73.36
Vested | (2,729,324) | 61.51
Nonvested shares at March 31, 2019 | 6,291,962 | $64.81


Question: What was the number of granted shares in 2016?
Answer: 1,635,655
The carrying amounts of other financial instruments not listed in the table below approximate fair value due to the short-term nature of these items. The carrying amounts and estimated fair values of the Company’s financial instruments not recorded at fair value in the financial statements were as follows:
The fair values of long-term debt as of June 30, 2019 and June 30, 2018 were determined by using current interest rates for debt with terms and maturities similar to the Company’s existing debt arrangements and accordingly would be classified as Level 2 inputs in the fair value hierarchy.
The carrying amount of company-owned life insurance reflects cash surrender values based upon the market values of underlying securities, using Level 2 inputs, net of any outstanding policy loans. The carrying value associated with the cash surrender value of these policies is recorded in other assets in the accompanying consolidated balance sheets.
For purposes of performing Step 1 of goodwill impairment testing, the Company uses certain nonrecurring fair value measurements using significant unobservable inputs (Level 3). Fair value of each reporting unit for purposes of the goodwill impairment test is based on a weighting of an income approach and a market approach. Under the income approach, fair value is determined based on a discounted cash flow analysis that uses estimates of cash flows discounted to present value using rates commensurate with the risks associated with those cash flows. Under the market approach, a market-based value is derived by relating multiples for earnings and cash flow measures for a group of comparable public companies to the same measure for each reporting unit to estimate fair value. The assumptions used by the Company to determine fair value of the reporting units are similar to those that would be used by market participants performing valuations.
Table:
 | June 30, 2019 |  | June 30, 2018 | 
($ in millions) | Carrying Value | Fair Value | Carrying Value | Fair Value
Long-term debt | $550.6 | $560.6 | $545.7 | $558.3
Company-owned life insurance | $17.9 | $17.9 | $16.4 | $16.4


Question: What was the change in the fair value of Company-owned life insurance in 2019 from 2018?
Answer: 1.5
Calculation: 17.9-16.4
Gross margin
The Group achieved further gross margin expansion in 2019 with an increase of 1.0 percentage points, to 73.2 per cent from 72.2 per cent in 2018. This followed an increase of 0.7 percentage points last year. Once again, all the operating segments achieved an improvement in gross margin, benefiting from new product launches and a higher proportion of software sales.
Table:
$ million | 2019 | % | 2018 | %
Networks & Security | 232.3 | 72.6 | 205.3 | 72.0
Lifecycle Service Assurance | 88.6 | 79.7 | 87.9 | 77.9
Connected Devices | 47.7 | 65.8 | 51.3 | 64.9
 | 368.6 | 73.2 | 344.5 | 72.2


Question: What was the gross margin in 2019?
Answer: 368.6
AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENT(Tabular amounts in millions, unless otherwise disclosed)
11. ASSET RETIREMENT OBLIGATIONS
The changes in the carrying amount of the Company’s asset retirement obligations were as follows:
(1) Revisions in estimates include decreases to the liability of $6.7 million and $49.4 million related to foreign currency translation for the years ended December 31, 2019 and 2018, respectively.
As of December 31, 2019, the estimated undiscounted future cash outlay for asset retirement obligations was $3.2 billion.
Table:
 | 2019 | 2018
Beginning balance as of January 1, | $1,210.0 | $1,175.3
Additions | 61.8 | 39.6
Accretion expense | 81.6 | 83.6
Revisions in estimates (1) | 56.8 | (81.5)
Settlements | (26.1) | (7.0)
Balance as of December 31, | $1,384.1 | $1,210.0


Question: What is the sum of additions and accretion expense in 2018?
Answer: 123.2
Calculation: 39.6+83.6
note 15 : chipset design issue in january 2011 , as part of our ongoing quality assurance procedures , we identified a design issue with the intel ae 6 series express chipset family . the issue affected chipsets sold in the fourth quarter of 2010 and january 2011 . we subsequently implemented a silicon fix and began shipping the updated version of the affected chipset in february 2011 . the total cost in 2011 to repair and replace affected materials and systems , located with customers and in the market , was $ 422 million . we do not expect to have any significant future adjustments related to this issue . note 16 : borrowings short-term debt as of december 28 , 2013 , short-term debt consisted of drafts payable of $ 257 million and notes payable of $ 24 million ( drafts payable of $ 264 million and notes payable of $ 48 million as of december 29 , 2012 ) . we have an ongoing authorization from our board of directors to borrow up to $ 3.0 billion , including through the issuance of commercial paper . maximum borrowings under our commercial paper program during 2013 were $ 300 million ( $ 500 million during 2012 ) . our commercial paper was rated a-1+ by standard & poor 2019s and p-1 by moody 2019s as of december 28 , 2013 . long-term debt our long-term debt at the end of each period was as follows : ( in millions ) dec 28 , dec 29 .

Table:
( in millions ) | dec 282013 | dec 292012
2012 senior notes due 2017 at 1.35% ( 1.35 % ) | $ 2997 | $ 2997
2012 senior notes due 2022 at 2.70% ( 2.70 % ) | 1494 | 1494
2012 senior notes due 2032 at 4.00% ( 4.00 % ) | 744 | 743
2012 senior notes due 2042 at 4.25% ( 4.25 % ) | 924 | 924
2011 senior notes due 2016 at 1.95% ( 1.95 % ) | 1499 | 1498
2011 senior notes due 2021 at 3.30% ( 3.30 % ) | 1996 | 1996
2011 senior notes due 2041 at 4.80% ( 4.80 % ) | 1490 | 1489
2009 junior subordinated convertible debentures due 2039 at 3.25% ( 3.25 % ) | 1075 | 1063
2005 junior subordinated convertible debentures due 2035 at 2.95% ( 2.95 % ) | 946 | 932
total long-term debt | $ 13165 | $ 13136
senior notes in the fourth quarter of 2012 , we issued $ 6.2 billion aggregate principal amount of senior unsecured notes for general corporate purposes and to repurchase shares of our common stock pursuant to our authorized common stock repurchase program .
in the third quarter of 2011 , we issued $ 5.0 billion aggregate principal amount of senior unsecured notes , primarily to repurchase shares of our common stock pursuant to our authorized common stock repurchase program , and for general corporate purposes .
our senior notes pay a fixed rate of interest semiannually .
we may redeem our senior notes , in whole or in part , at any time at our option at specified redemption prices .
the senior notes rank equally in right of payment with all of our other existing and future senior unsecured indebtedness and will effectively rank junior to all liabilities of our subsidiaries .
table of contents intel corporation notes to consolidated financial statements ( continued ) .

Question: what is the net cash flow from short-term debt in 2013?
Answer: -31
Calculation: add(257, 24), add(264, 48), subtract(#0, #1)
Item 2. PROPERTIES
We operate 31 distributions centers located in the United States and Canada totaling approximately 1.7 million square feet. We own a 59,500 square foot distribution center in Cincinnati, Ohio and a 10,000 square foot protein processing facility and distribution center in Chicago, Illinois. All of our other properties are leased. The following table sets forth our distribution, protein processing, corporate and other support facilities by state or province and their approximate aggregate square footage as of February 21, 2020 (1).
(1)  Excludes the impact of our recent acquisitions of Sid Wainer & Son and Cambridge Packing Co, Inc. more fully described in 'Management's Discussion and Financial Condition and Results of Operations — Overview and Recent Developments."
(2)  Represents our corporate headquarters in Ridgefield, Connecticut.
We consider our properties to be in good condition generally and believe our facilities are adequate for our operations and provide sufficient capacity to meet our anticipated requirements.
Table:
State / Province | Number of Facilities | Aggregate Size
California | 10 | 618,900
New York | 1 | 231,100
Texas | 3 | 214,300
Illinois | 3 | 144,200
Ohio | 2 | 120,400
Maryland | 3 | 115,300
Nevada | 1 | 74,000
Oregon | 1 | 55,500
Ontario | 1 | 51,300
Florida | 2 | 48,300
New Jersey | 1 | 38,400
Connecticut(2) | 1 | 29,200
British Columbia | 1 | 24,900
Alberta | 2 | 16,500
Arizona | 1 | 14,500
Washington | 1 | 10,500
Total | 34 | 1,807,300


Question: What is the number of facilities in California and New York respectively?
Answer: 10, 1
5. Creditors
Accounting policies
Capital market and bank borrowings
Interest-bearing loans and overdrafts are initially measured at fair value (which is equal to cost at inception) and are subsequently measured at amortised cost using the effective interest rate method, except where they are identified as a hedged item in a designated hedge relationship. Any difference between the proceeds net of transaction costs and the amount due on settlement or redemption of borrowings is recognised over the term of the borrowing
Notes: 1 Amounts owed to subsidiaries are unsecured, have no fixed date of repayment and are repayable on demand.
Included in amounts falling due after more than one year are other loans of €31,157 million which are due in more than five years from 1 April 2019 and are payable otherwise than by instalments. Interest payable on these loans ranges from 0.375% to 7.875%.
Details of bond and other debt issuances are set out in note 20 “Borrowing and capital resources” in the consolidated financial statements
Table:
 | 2019 | 2018
 | €m | €m
Amounts falling due within one year: |  | 
Bank loans and other loans | 4,835 | 8,367
Amounts owed to subsidiaries1 | 232,896 | 220,625
Derivative financial instruments | 463 | 229
Taxation payable | – | 9
Other creditors | 945 | 120
Accruals and deferred income | 66 | 46
 | 239,205 | 229,396
Amounts falling due after more than one year: |  | 
Deferred tax | 17 | –
Other loans | 46,208 | 32,199
Derivative financial instruments | 1,924 | 2,133
 | 48,149 | 34,332


Question: What financial items does amounts falling due after more than one year consist of?
Answer: Deferred tax, Other loans, Derivative financial instruments
in direct competition with other co2 pipelines . we also compete with other interest owners in the mcelmo dome unit and the bravo dome unit for transportation of co2 to the denver city , texas market area . terminals our terminals segment includes the operations of our petroleum , chemical , ethanol and other liquids terminal facilities ( other than those included in the products pipelines segment ) and all of our coal , petroleum coke , fertilizer , steel , ores and other dry-bulk material services facilities , including all transload , engineering , conveying and other in-plant services . our terminals are located throughout the u.s . and in portions of canada . we believe the location of our facilities and our ability to provide flexibility to customers help attract new and retain existing customers at our terminals and provide us opportunities for expansion . we often classify our terminal operations based on the handling of either liquids or dry-bulk material products . in addition , we have jones act qualified product tankers that provide marine transportation of crude oil , condensate and refined products in the u.s . the following summarizes our terminals segment assets , as of december 31 , 2014 : number capacity ( mmbbl ) .

Table:
 | number | capacity ( mmbbl )
liquids terminals | 39 | 78.0
bulk terminals | 78 | n/a
materials services locations | 8 | n/a
jones act qualified tankers | 7 | 2.3
competition we are one of the largest independent operators of liquids terminals in the u.s , based on barrels of liquids terminaling capacity .
our liquids terminals compete with other publicly or privately held independent liquids terminals , and terminals owned by oil , chemical and pipeline companies .
our bulk terminals compete with numerous independent terminal operators , terminals owned by producers and distributors of bulk commodities , stevedoring companies and other industrial companies opting not to outsource terminal services .
in some locations , competitors are smaller , independent operators with lower cost structures .
our rail transloading ( material services ) operations compete with a variety of single- or multi-site transload , warehouse and terminal operators across the u.s .
our jones act qualified product tankers compete with other jones act qualified vessel fleets .
table of contents .

Question: what is the average capacity per liquids terminal in mmbbl?
Answer: 2
Calculation: divide(78.0, 39)