hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
entergy corporation and subsidiaries notes to financial statements computed on a rolling 12 month basis . as of december 31 , 2008 , entergy louisiana was in compliance with these provisions . as of december 31 , 2008 , entergy louisiana had future minimum lease payments ( reflecting an overall implicit rate of 7.45% ( 7.45 % ) ) in connection with the waterford 3 sale and leaseback transactions , which are recorded as long-term debt , as follows : amount ( in thousands ) .

Table:
 | amount ( in thousands )
2009 | $ 32452
2010 | 35138
2011 | 50421
2012 | 39067
2013 | 26301
years thereafter | 137858
total | 321237
less : amount representing interest | 73512
present value of net minimum lease payments | $ 247725
grand gulf lease obligations in december 1988 , in two separate but substantially identical transactions , system energy sold and leased back undivided ownership interests in grand gulf for the aggregate sum of $ 500 million .
the interests represent approximately 11.5% ( 11.5 % ) of grand gulf .
the leases expire in 2015 .
under certain circumstances , system entergy may repurchase the leased interests prior to the end of the term of the leases .
at the end of the lease terms , system energy has the option to repurchase the leased interests in grand gulf at fair market value or to renew the leases for either fair market value or , under certain conditions , a fixed rate .
in may 2004 , system energy caused the grand gulf lessors to refinance the outstanding bonds that they had issued to finance the purchase of their undivided interest in grand gulf .
the refinancing is at a lower interest rate , and system energy's lease payments have been reduced to reflect the lower interest costs .
system energy is required to report the sale-leaseback as a financing transaction in its financial statements .
for financial reporting purposes , system energy expenses the interest portion of the lease obligation and the plant depreciation .
however , operating revenues include the recovery of the lease payments because the transactions are accounted for as a sale and leaseback for ratemaking purposes .
consistent with a recommendation contained in a ferc audit report , system energy initially recorded as a net regulatory asset the difference between the recovery of the lease payments and the amounts expensed for interest and depreciation and continues to record this difference as a regulatory asset or liability on an ongoing basis , resulting in a zero net balance for the regulatory asset at the end of the lease term .
the amount of this net regulatory asset was $ 19.2 million and $ 36.6 million as of december 31 , 2008 and 2007 , respectively. .

Question: what is the growth rate in the net regulatory asset in 2008 compare 2007?
Answer: -47.5%
Calculation: subtract(19.2, 36.6), divide(#0, 36.6)
(13) (Loss) Earnings Per Common Share
Basic and diluted (loss) earnings per common share for the years ended December 31, 2019, 2018 and 2017 were calculated as follows:
(1) For the year ended December 31, 2019 and December 31, 2018, we excluded from the calculation of diluted loss per share 3.0 million shares and 4.6 million shares, respectively, potentially issuable under incentive compensation plans or convertible securities, as their effect, if included, would have been anti-dilutive.
Our calculation of diluted (loss) earnings per common share excludes shares of common stock that are issuable upon exercise of stock options when the exercise price is greater than the average market price of our common stock. We also exclude unvested restricted stock awards that are antidilutive as a result of unrecognized compensation cost. Such shares were 6.8 million, 2.7 million and 4.7 million for 2019, 2018 and 2017, respectively.
Table:
 |  | Years Ended December, 31 | 
 | 2019 | 2018 | 2017
 |  | (Dollars in millions, except per share amounts, shares in thousands) | 
Loss income (Numerator): |  |  | 
Net (loss) income | $(5,269) | (1,733) | 1,389
Net (loss) income applicable to common stock for computing basic earnings per common share | (5,269) | (1,733) | 1,389
Net (loss) income as adjusted for purposes of computing diluted earnings per common share | $(5,269) | (1,733) | 1,389
Shares (Denominator): |  |  | 
Weighted average number of shares: |  |  | 
Outstanding during period | 1,088,730 | 1,078,409 | 635,576
Non-vested restricted stock | (17,289) | (12,543) | (7,768)
Weighted average shares outstanding for computing basic earnings per common share | 1,071,441 | 1,065,866 | 627,808
Incremental common shares attributable to dilutive securities: |  |  | 
Shares issuable under convertible securities | — | — | 10
Shares issuable under incentive compensation plans | — | — | 875
Number of shares as adjusted for purposes of computing diluted (loss) earnings per common share | 1,071,441 | 1,065,866 | 628,693
Basic (loss) earnings per common share | $(4.92) | (1.63) | 2.21
Diluted (loss) earnings per common share(1) | $(4.92) | (1.63) | 2.21


Question: What was excluded as a result of unrecognized compensation cost?
Answer: unvested restricted stock awards that are antidilutive
Net Cash Provided By Operating Activities and Free Cash Flow
The following table presents a reconciliation of net cash provided by operating activities to free cash flow (in thousands, except for percentages):
Net cash provided by operating activities for the twelve months ended December 31, 2019 was $115.5 million as compared to $90.3 million during the same period in 2018. The increase was primarily due to improved profitability, improved collections, and other working capital changes in 2019 when compared to the same period in 2018.
Free cash flow for the twelve months ended December 31, 2019 was $72.8 million, resulting in a free cash flow margin of 12.6%, as compared to free cash flow of $49.8 million and a free cash flow margin of 9.3% for the same period in 2018. The increase was primarily due to both improved profitability and collections, and is partially offset by cash paid for interest on our convertible notes of $17.4 million in the twelve months ended December 31, 2019. Refer to the section titled “Liquidity and Capital Resources” for additional information on the convertible notes.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Reconciliation of free cash flow: |  |  | 
Net cash provided by operating activities | $115,549 | $90,253 | $67,510
Capital expenditures | (18,034) | (14,895) | (7,100)
Capitalized software costs | (24,668) | (25,515) | (20,571)
Free cash flow | $72,847 | $49,843 | $39,839
Free cash flow margin | 12.6% | 9.3% | 8.3%


Question: What was the average net cash provided by operating activities from 2017-2019?
Answer: 91104
Calculation: ($115,549+$90,253+$67,510)/(2019-2017+1)
15 Financial risk management (continued)
(b) Credit risk
Credit risk arises from cash and cash equivalents, and trade and other receivables.
(i) Cash and cash equivalents and security deposits
Deposits are placed with Australian banks or independently rated parties with a minimum rating of ‘BBB+’. To reduce exposure deposits are placed with a variety of financial institutions.
The credit quality of financial assets can be assessed by reference to external credit ratings (if available) or to historical information about counterparty default rates:
In determining the credit quality of these financial assets, NEXTDC has used the long-term rating from Standard & Poor’s as of July 2019.
Table:
 | 30 June 2019 | 30 June 2018
 | $'000 | $'000
CASH AT BANK |  | 
AA rated | 398,999 | 417,982
SECURITY DEPOSITS |  | 
AA rated | 8,822 | 4,151


Question: How much was the security deposits in 2018?
Answer: 4,151
No deferred tax assets were capitalised for the following tax loss carry-forwards and interest carry-forwards or temporary differences because realisation of the assets in the short-to-medium term is not expected:
The loss carry-forwards as of the closing date predominantly concern the German consolidation group. They can be carried forward without limitation.
Table:
€ million | 30/9/2018 | 30/9/2019
Corporate tax losses | 4,320 | 4,883
Trade tax losses | 3,296 | 3,679
Interest carry-forwards | 57 | 83
Temporary differences | 104 | 120


Question: What do the loss carry-forwards as of the closing date predominantly concern?
Answer: the German consolidation group. They can be carried forward without limitation.
Restricted Share Awards
During the years ended December 31, 2017, pursuant to the Company’s 2016 Incentive Plan and 2005 Incentive Plan, the Company granted RSAs. The awards have requisite service periods of three years and vest in increments of 33% on the anniversary of the grant dates. Under each arrangement, shares are issued without direct cost to the employee. RSAs granted to our board vest one year from grant or as of the next annual shareholders meeting, whichever is earlier. The Company estimates the fair value of the RSAs based upon the market price of the Company’s stock at the date of grant. The RSA grants provide for the payment of dividends on the Company’s common stock, if any, to the participant during the requisite service period, and the participant has voting rights for each share of common stock. The Company recognizes compensation expense for RSAs on a straight-line basis over the requisite service period.
A summary of nonvested RSAs is as follows:
During the year ended December 31, 2019, a total of 106,610 RSAs vested. The Company withheld 32,371 of those shares to pay the employees’ portion of the minimum payroll withholding taxes.
Table:
 | Number of Shares | Weighted Average Grant Date Fair Value
Nonvested at December 31, 2018 | 213,337 | $20.21
Vested | -106,610 | 20.17
Forfeited | -13,885 | 20.64
Nonvested at December 31, 2019 | 92,842 | $20.13


Question: What was the Weighted Average Grant Date Fair Value of nonvested shares in 2018?
Answer: $20.21
Liquidity and Capital Resources
Our principal sources of liquidity are cash and cash equivalents, investments and accounts receivable. The following table shows net cash provided by operating activities, net cash used in investing activities, and net cash provided by (used in) financing activities for the years ended March 31, 2019, 2018 and 2017:
In November 2015, we raised net proceeds of $68.3 million in our initial public offering after deducting underwriting discounts and commissions and offering expenses paid by us. In the years ended March 31, 2019, 2018 and 2017, we incurred operating losses of $1.2 million, $7.0 million and $10.4 million, respectively. While we expect to generate an operating loss in the year ending March 31, 2020, we expect to continue to generate positive cash flows from operating activities.
In the year ending March 31, 2020, we plan to continue to invest in the development and expansion of our Mime | OS™ platform to improve on our existing solutions in order to provide more capabilities to our customers. Investments in capital expenditures in the year ended March 31, 2019 were $28.8 million of which $25.8 million related to the expansion of our grid architecture.
We expect fiscal year 2020 capital expenditures to increase significantly as we expect to incur one-time costs related to the build out and expansion of facilities in the U.K. and other locations and additional data center expansion primarily in the U.S.
As of March 31, 2019 and 2018, we had cash, cash equivalents and investments of $173.5 million and $137.2 million, respectively. Based on our current operating plan, we believe that our current cash and cash equivalents, investments and operating cash flows will be sufficient to fund our operations for at least the next twelve months. Our future capital requirements may vary materially from those planned and will depend on certain factors, such as our growth and our operating results.
If we require additional capital resources to grow our business or to acquire complementary technologies and businesses in the future, we may seek to sell additional equity or raise funds through debt financing or other sources. We may also seek to invest in or acquire complement ary businesses, applications or technologies, any of which could also require us to seek additional equity or debt financing.
We cannot provide assurance that additional financing will be available at all or on terms favorable to us. We had no material commitments for capital expenditures as of March 31, 2019 or 2018.
Table:
 |  | Year ended March 31,  | 
 | 2019 | 2018 | 2017
 |  | (in thousands) | 
Net cash provided by operating activities | $66,235 | $46,412 | $32,514
Net cash used in investing activities | (121,324) | (35,019) | (84,615)
Net cash provided by (used in) financing activities | 116,985 | 13,156 | (332)


Question: What was the net proceeds raised in 2015?
Answer: $68.3 million
Contract Balances
Our contract assets consist of unbilled amounts for technology development contracts as well as custom product contracts. Also included in contract assets are royalty revenue and carrying amounts of right of returned inventory. Long-term contract assets include the fee withholding on cost reimbursable contracts that will not be billed within a year. Contract liabilities include excess billings, subcontractor accruals, warranty expense, extended warranty revenue, right of return refund, and customer deposits. The net contract (liabilities)/assets changed by $1.0 million, due primarily to increased contract liabilities in addition to a slight increase in contract assets. The increase in contract liabilities is a result of the increased number of government research programs in addition to an increase in the number of our fixed-price contracts that have reached milestones as designated in their respective contracts, but revenue has not yet been recognized. The increase in contract assets is primarily driven by the unbilled fee required by our cost-reimbursable government contracts, which cannot be fully billed until after the specific contract is complete.
The following table shows the components of our contract balances as of December 31, 2019 and 2018:
Table:
 | December 31, | 
 | 2019 | 2018
Contract assets | $3,208,206 | $2,759,315
Contract liabilities | (3,887,685) | (2,486,111)
   Net contract assets | $(679,479) | $273,204


Question: What is the change in Contract assets between December 31, 2018 and 2019?
Answer: 448891
Calculation: 3,208,206-2,759,315
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 Interest cost in 2019?
Answer: 347
Note 18 – Restructuring
During the second half of 2019, the Company implemented a restructuring plan to realign its expense structure with the reduction in revenue experienced in recent years and overall Company objectives. Management assessed the efficiency of our operations and consolidated locations and personnel, among other things, where possible. As part of this restructuring plan, the Company announced plans to reduce its overall operating expenses, both in the U.S and internationally.
In February 2019, the Company announced the restructuring of certain of our workforce predominantly in Germany, which included the closure of our office location in Munich, Germany accompanied by relocation or severance benefits for the affected employees. We also offered voluntary early retirement to certain other employees, which was announced in March 2019.
In January 2018, the Company announced an early retirement incentive program for employees that met certain defined requirements. The cumulative amount incurred during the year ended December 31, 2018 related to this restructuring program was $7.3 million. We did not incur any additional expenses related to this restructuring program during the year ended December 31, 2019.
A reconciliation of the beginning and ending restructuring liability, which is included in accrued wages and benefits in the Consolidated Balance Sheets as of December 31, 2019 and 2018, is as follows:
Table:
(In thousands) | 2019 | 2018
Balance at beginning of period | $185 | $205
Plus: Amounts charged to cost and expense | 6,014 | 7,261
Less: Amounts paid | (4,631) | (7,281)
Balance at end of period | $1,568 | $185


Question: What was the balance at the beginning of period in 2019?
Answer: $185
16. FINANCIAL INSTRUMENTS AND OTHER FAIR VALUE DISCLOSURES
The majority of NAT and its subsidiaries’ transactions, assets and liabilities are denominated in United States dollars, the functional currency of the Company. There is no significant risk that currency fluctuations will have a negative effect on the value of the Company’s cash flows.
The Company categorizes its fair value estimates using a fair value hierarchy based on the inputs used to measure fair value for those assets that are recorded on the Balance Sheet at fair value. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value as follows:
Level 1. Quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity can access at the measurement date.
Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and
Level 3. Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.
The following methods and assumptions were used to estimate the fair value of each class of financial instruments and other financial assets.
-  The carrying value of cash and cash equivalents and marketable securities, is a reasonable estimate of fair value.
-  The estimated fair value for the long-term debt is considered to be equal to the carrying values since it bears spreads and variable interest rates which approximate market rates.
The carrying value and estimated fair value of the Company`s financial instruments at December 31, 2019 and 2018, are as follows:
* The 2019 Senior Secured Credit Facility and Vessel financing 2018 Newbuildings carry a floating LIBOR interest rate, plus a margin and the fair value is assumed to equal the carrying value.
Table:
All figures in USD ‘000  | Fair Value
Hierarchy
Level | 2019
Fair
Value | 2019
Carrying
Value | 2018
Fair
Value | 2018
Carrying
Value
Recurring:                |  |  |  |  | 
Cash and Cash Equivalents   | 1 | 48,847 | 48,847 | 49,327 | 49,327
Restricted Cash   | 1 | 12,791 | 12,791 | - | -
Credit Facility   | 2 | - | - | (313,400) | (313,400)
2019 Senior Secured Credit Facility*   | 2 | (291,798) | (291,798) | - | -
Investment Securities   | 1 | 825 | 825 | 4,197 | 4,197
Vessel financing 2018 Newbuildings*   | 2 | (119,867) | (119,867) | (127,140) | (127,140)


Question: What are the respective 2018 and 2019 fair value of the company's vessel financing 2018 newbuildings?
Answer: (127,140), (119,867)
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
The table below summarizes the restructuring charges for the years ended:
Table:
 | 2019 | 2018 | Cumulative Cost Through December 31, 2019
Severance and related charges | $3,041 | $4,239 | $7,280
Facility relocation and closure charges | 1,996 | — | 1,996
Total restructuring charges | $5,038 | $4,239 | $9,277


Question: What were the severance and related charges in 2019?
Answer: $3,041
stockholder return performance graph the following graph compares the cumulative 5-year total stockholder return on our common stock relative to the cumulative total return of the nasdaq composite index and the s&p 400 information technology index . the graph assumes that the value of the investment in our common stock and in each index on december 31 , 2011 ( including reinvestment of dividends ) was $ 100 and tracks it each year thereafter on the last day of our fiscal year through december 31 , 2016 and , for each index , on the last day of the calendar year . comparison of 5 year cumulative total return* among cadence design systems , inc. , the nasdaq composite index , and s&p 400 information technology cadence design systems , inc . nasdaq composite s&p 400 information technology 12/31/1612/28/13 1/2/1612/31/11 1/3/1512/29/12 *$ 100 invested on 12/31/11 in stock or index , including reinvestment of dividends . indexes calculated on month-end basis . copyright a9 2017 standard & poor 2019s , a division of s&p global . all rights reserved. .

Table:
 | 12/31/2011 | 12/29/2012 | 12/28/2013 | 1/3/2015 | 1/2/2016 | 12/31/2016
cadence design systems inc . | 100.00 | 129.23 | 133.94 | 181.06 | 200.10 | 242.50
nasdaq composite | 100.00 | 116.41 | 165.47 | 188.69 | 200.32 | 216.54
s&p 400 information technology | 100.00 | 118.41 | 165.38 | 170.50 | 178.74 | 219.65
the stock price performance included in this graph is not necessarily indicative of future stock price performance. .

Question: what is the rate of return of an investment in nasdaq composite from the end of the year in 2015 to the end of the year in 2016?
Answer: 6.2%
Calculation: subtract(200.32, 188.69), divide(#0, 188.69)
2. Earnings Per Share:
Basic earnings per share are computed by dividing net earnings by the weighted average number of shares of common stock outstanding for the period. Diluted
earnings per share are computed by dividing net earnings by the sum of (a) the weighted average number of shares of common stock outstanding during the period and
(b) the dilutive effect of potential common stock equivalents during the period. Stock options and unvested service-based RSU awards make up the common stock
equivalents and are computed using the treasury stock method.
The table below represents the basic and diluted earnings per share, calculated using the weighted average number of shares of common stock and potential
common stock equivalents outstanding for the years ended March 31, 2017, 2018, and 2019:
(1) Common stock equivalents not included in the computation of diluted earnings per share because the impact would have been anti-dilutive were 1,381 shares, 1,733
shares, and 4,375 shares for the fiscal years ended March 31, 2017, 2018, and 2019, respectively.
Table:
 |  | Fiscal Year Ended March 31, | 
 | 2017 | 2018 | 2019
Net income | $125,785 | $4,910 | $271,813
Computation of Basic EPS: |  |  | 
Weighted Average Shares Outstanding used in Computing Basic EPS | 167,506 | 168,262 | 168,713
Basic earnings per share | $0.75 | $0.03 | $1.61
Computation of Diluted EPS: |  |  | 
Weighted Average Shares Outstanding used in Computing Basic EPS | 167,506 | 168,262 | 168,713
Effect of stock options | 311 | 663 | 609
Weighted Average Shares Outstanding used in Computing Diluted EPS (1) | 167,837 | 168,925 | 169,322
Diluted earnings per share | $0.75 | $0.03 | $1.61


Question: What is the net income in the fiscal year ended March 31, 2019?
Answer: $271,813