hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
During the year ended December 31, 2019, the Company completed a reorganization of certain of its foreign subsidiaries that resulted in the derecognition of the related deferred tax assets for net operating losses which were subject to a valuation allowance. As a result, the Company reduced both its net operating loss deferred tax assets and valuation allowance by approximately $19.7 million.
The Company accrued $2.7 million as of both December 31, 2019 and 2018, excluding penalties and interest, for the liability for unrecognized tax benefits, which was included in “Long-term income tax liabilities” in the accompanying Consolidated Balance Sheets. Had the Company recognized these tax benefits, approximately $2.7 million, along with the related interest and penalties, would have favorably impacted the effective tax rate in both 2019 and 2018. The Company does not anticipate that any of the unrecognized tax benefits will be recognized in the next twelve months.
The Company recognizes interest and penalties related to unrecognized tax benefits in the provision for income taxes. The Company had $1.1 million and $0.6 million accrued for interest and penalties as of December 31, 2019 and 2018, respectively. Of the accrued interest and penalties at December 31, 2019 and 2018, $0.6 million and $0.4 million, respectively, relate to statutory penalties. The amount of interest and penalties, net, included in the provision for income taxes in the accompanying Consolidated Statements of Operations for the years ended December 31, 2019, 2018 and 2017 was $0.4 million, $0.7 million and $(9.5) million, respectively.
The tabular reconciliation of the amounts of unrecognized net tax benefits is presented below (in thousands):
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Balance at the beginning of the period | $2,720 | $1,342 | $8,531
Current period tax position increases | — | 2,950 | —
Decreases from settlements with tax authorities | — | (191) | (10,865)
Decreases due to lapse in applicable statute of limitations | — | (1,310) | (466)
Foreign currency translation increases (decreases) | (9) | (71) | 4,142
Balance at the end of the period | $2,711 | $2,720 | $1,342


Question: What was the percentage change in the Balance at the end of the period in 2019 from 2018?
Answer: -0.33
Calculation: (2,711-2,720)/2,720
Fair Value of Financial Instruments
The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis (in millions):
(1) Reported as other current assets in the consolidated balance sheets
(2) Reported as other non-current assets in the consolidated balance sheets
(3) Reported as accrued expenses in the consolidated balance sheets
Table:
 |  | April 26, 2019 | 
 |  | Fair Value Measurements at Reporting Date Using | 
 | Total | Level 1 | Level 2
Cash | $ 2,216 | $  2,216 | $  —
Corporate bonds | 1,353 | — | 1,353
U.S. Treasury and government debt securities | 213 | 131 | 82
Certificates of deposit | 117 | — | 117
Total cash, cash equivalents and short-term investments | $ 3,899 | $ 2,347 | $ 1,552
Other items: |  |  | 
Mutual funds (1) | $ 6 | $  6 | $  —
Mutual funds (2) | $ 29 | $  29 | $  —
Foreign currency exchange contracts assets (1) | $ 4 | $  — | $ 4
Foreign currency exchange contracts liabilities (3) | (1 ) | $  — | (1 )


Question: What were the total cash, cash equivalents and short-term investments?
Answer: 3,899
Long-term state receivables include receivables related to funding and receivables related to tax refund. Funding are mainly public grants to be received from governmental agencies in Italy and France as part of longterm research and development, industrialization and capital investment projects. Long-term receivables related to tax refund correspond to tax benefits claimed by the Company in certain of its local tax jurisdictions, for which collection is expected beyond one year.
In 2019 and 2018, the Company entered into a factoring transaction to accelerate the realization in cash of some non-current assets. As at December 31, 2019, $131 million of the non-current assets were sold without recourse, compared to $122 million as at December 31, 2018, with a financial cost of less than $1 million for both periods.
Other non-current assets consisted of the following:
Table:
 | December 31, 2019 | December 31, 2018
Equity securities | 23 | 19
Long-term state receivables | 358 | 391
Deposits and other non-current assets | 56 | 42
Total | 437 | 452


Question: What is the average Equity securities?
Answer: 21
Calculation: (23+19) / 2
Principal Accounting Fees and Services
The following table sets forth fees for services provided by Deloitte & Touche LLP, the member firms of Deloitte Touche Tohmatsu, and their respective affiliates (collectively, ‘‘Deloitte’’) during fiscal 2019 and 2018:
(1) Represents fees for professional services provided in connection with the integrated audit of our annual financial statements and internal control over financial reporting and review of our quarterly financial statements, advice on accounting matters that arose during the audit and audit services provided in connection with other statutory or regulatory filings.
(2) Represents tax compliance and related services.
(3) Represents the annual subscription for access to the Deloitte Accounting Research Tool, which is a searchable on-line accounting database.
Table:
 | 2019 | 2018
Audit fees (1) | $3,454,348 | $3,589,147
Tax fees (2) | 546,618 | 931,017
All other fees (3) | 1,895 | 1,895
Total | $4,002,861 | $4,522,059


Question: What do all other fees represent?
Answer: the annual subscription for access to the Deloitte Accounting Research Tool, which is a searchable on-line accounting database.
Semiconductor and IP Licensing Segment
(1) Excludes operating expenses which are not allocated on a segment basis.
Semiconductor and IP Licensing segment revenue for the year ended December 31, 2019 was $81.9 million as compared to $186.4 million for the year ended December 31, 2018, a decrease of $104.5 million. The decrease in revenue was due principally to revenue recorded in 2018 related to the Samsung settlement and license agreement executed in December 2018, partially offset by a one-time payment from a new license agreement signed in December 2019.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
 |  | (in thousands) | 
Revenue: |  |  | 
Royalty and license fees | $81,943 | $186,425 | $205,809
Total revenue | 81,943 | 186,425 | 205,809
Operating expenses: |  |  | 
Research, development and other related costs | 28,732 | 27,514 | 30,039
Litigation | 3,471 | 26,099 | 36,209
Amortization | 11,871 | 19,906 | 21,590
Total operating expenses (1) | 44,074 | 73,519 | 87,838
Total operating income | $37,869 | $112,906 | $117,971


Question: Which year did the Semiconductor and IP Licensing segment have the highest total operating income?
Answer: 2017
Calculation: 117,971>112,906>37,869
BOOKINGS
The following table shows new orders levels for 2019 and the backlog for 2018:
The backlog includes orders for which purchase orders or letters of intent have been accepted, typically for up to one year. Historically, orders have been subject to cancellation or rescheduling by customers. In addition, orders have been subject to price negotiations and changes in specifications as a result of changes in customers’ requirements. Due to possible customer changes in delivery schedules and requirements, and to cancellations of orders, our backlog at any particular date is not necessarily indicative of actual sales for any subsequent period.
For the year in total, our new bookings increased by 24% in 2019 to €1,170 million, excluding the proceeds from the settlements. The book-to-bill, as measured by orders divided by revenue, was 1.0 in 2019. Equipment bookings were led by the foundry segment, followed by logic and memory. Bookings strengthened in the course of the year, excluding the settlement gains, from €235 million in the first quarter to €270 million in the second quarter, €292 million in the third quarter and finished at a new record high of €373 million in the fourth quarter. We also finished the year with a record high order backlog of €351 million, an increase of 16% compared to the end of 2018.
Table:
 |  | Year ended December 31, | 
(EUR million) | 2018 | 2019 | % Change
Backlog at the beginning of the year | 176.3 | 301.5 | 71%
New orders | 942.1 | 1,328.9 | 41%
Revenue | (818.1) | (1,283.9) | 57%
FX-effect | 6.3 | 4.7 | 
Adjustment IFRS 15 | (5.1) | – | 
Backlog as per reporting date | 301.5 | 351.2 | 16%
Book-to-bill ratio (new orders divided by net sales) | 1.2 | 1.0 | 


Question: What is the percentage change in Bookings, excluding the settlement gains, of the first two quarters 2019 to last two quarters?
Answer: 31.68
Calculation: (373+292-270-235)/(235+270)
ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
See Note 3 of our Notes to Consolidated Financial Statements for a discussion of 2019 and 2018 acquisitions.
Results of Operations
Revenues increased $9.0 million, or 61%, in 2019 compared to the prior year, with overall growth supported by the acquisition of Golden Ridge in November 2018, and MGI Grain in April 2019. Food product revenues increased 97% year over year, primarily due to the addition of new products for human consumption from Golden Ridge and MGI Grain. Animal feed product revenues increased 10%. Animal feed product growth was primarily due to increased buying from our existing SRB customer base.
Gross profit percentage decreased 23.8 percentage points to negative 3.6% in 2019 from 20.2% in the prior year. The decrease in gross profit was primarily attributable to operating losses at Golden Ridge due to an unfavorable contract to sell medium grain rice entered into by the seller of the mill and low levels of plant utilization in the latter half of the year while the mill was going through a planned upgrade cycle. With this project completed in early January 2020, we expect to see improved productivity and a positive contribution margin from Golden Ridge in 2020.
Selling, general and administrative (SG&A) expenses were $13.7 million in 2019, compared to $11.2 million in 2018, an increase of $2.5 million, or 22.4%. Outside services increased $1.1 million in 2019, compared to the prior year, primarily as a result of higher outside accounting, legal and professional fees associated with the acquisition of Golden Ridge and MGI Grain. Salary, wages and benefit related expenses increased $1.1 million in 2019, compared to the prior year, driven substantially by equity grants and outside labor costs. Bad debt expense increased $0.2 million and rent expense increased $0.1 million in 2019, compared to the prior year.
Other, net was $0.9 million for 2019 compared to $0.2 million in 2018. This increase was primarily related to the settlement of a net working capital dispute and other issues with the seller of Golden Ridge.
Table:
 | Years Ended December 31 |  | Change
 | 2019 | 2018 | %
 | (in thousands) |  | 
Revenues | $23,713 | $14,762 | 60.6
Cost of goods sold | 24,574 | 11,780 | (108.6)
Gross profit (loss) | (861) | 2,982 | 
Gross profit % | -3.6% | 20.2% | 
Selling, general and administrative expenses | 13,696 | 11,194 | (22.4)
Loss from operations | (14,557) | (8,212) | (77.3)
Other income (expense): | (96) | (12) | 
Interest expense | 50 | - | 
Other, net | 868 | 168 | 
Total other (expense) income | 822 | 156 | 
Loss before income taxes | $(13,735) | $(8,056) | 


Question: What is the percentage change in the cost of goods sold from operations in 2018 and 2019?
Answer: 108.61
Calculation: (24,574 - 11,780)/11,780
Due To/From Related Parties, Net
Amounts due to and from related parties, net as of the periods presented consisted of the following (table in millions):
(1) Includes an immaterial amount related to the Company’s current operating lease liabilities due to related parties as of January 31, 2020.
The Company also recognized an immaterial amount related to non-current operating lease liabilities due to related parties. This amount has been included in operating lease liabilities on the consolidated balance sheet as of January 31, 2020.
Table:
 | January 31, 2020 | February 1, 2019
Due from related parties, current | $1,618 | $1,248
Due to related parties, current(1) | 161 | 158
Due from related parties, net, current | $1,457 | $1,090


Question: What was the current amount due from related parties in 2019?
Answer: 1,248
REVENUES BY SERVICES AND PRODUCTS
The following table presents our revenues disaggregated by type of services and products.
(1) Our service revenues are generally recognized over time.
(2) Our product revenues are generally recognized at a point in time.
Table:
FOR THE YEAR ENDED DECEMBER 31 | 2019 | 2018
Services (1) |  | 
Wireless | 6,427 | 6,269
Wireline data | 7,684 | 7,466
Wireline voice | 3,564 | 3,782
Media | 2,811 | 2,677
Other wireline services | 251 | 247
Total services | 20,737 | 20,441
Products (2) |  | 
Wireless | 2,660 | 2,497
Wireline data | 519 | 466
Wireline equipment and other | 48 | 64
Total products | 3,227 | 3,027
Total operating revenues | 23,964 | 23,468


Question: How are the product revenues generally recognized?
Answer: at a point in time
Other Non-current Liabilities
Other non-current liabilities consisted of the following (in thousands):
Table:
 | 2019 | 2018
Lease liabilities | $28,046 | $—
Other | 708 | 534
Total other non-current liabilities | $28,754 | $534


Question: What is the lease liability as at 31 December 2019?
Answer: $28,046
1. Goodwill and Other Intangible Assets
The changes in the carrying amount of goodwill for the years ended December 31, 2019 and 2018, are as follows:
Our 2019 acquisitions of DeliverySlip (as defined herein) and AppRiver (as defined herein) resulted in the addition to our goodwill balance in 2019. Our 2018 acquisition of Erado (as defined herein) resulted in the addition to our goodwill balance in 2018. Our 2018 acquisition adjustments to goodwill reflect the appropriate reallocation of excess purchase price from goodwill to acquired assets and liabilities related to our 2017 Greenview and EMS (as defined herein) purchases. We evaluate goodwill for impairment annually in the fourth quarter, or when there is reason to believe that the value has been diminished or impaired. There were no impairment indicators to the goodwill recorded as of December 31, 2019.
Table:
 | Year Ended December 31, | 
(In thousands) | 2019 | 2018
Opening balance | $ 13,783 | $ 8,469
Additions | 157,121 | 6,215
Acquisition adjustments | — | (901 )
Effect of currency translation adjustment | 305 | —
Goodwill | $ 171,209 | $ 13,783


Question: What is the percentage change in goodwill from 2018 to 2019?
Answer: 1142.18
Calculation: (171,209-13,783)/13,783
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
The following table summarizes long-lived assets by geographic area as of December 31, 2019 and December 31, 2018:
Long-lived assets include property and equipment, operating lease right-of-use assets, goodwill and other intangible assets.
Table:
 | December 31, | 
 | 2019 | 2018
United States | $239,511 | $115,869
Asia | 301,020 | 12,274
Europe | 59,925 | 59,936
Total | $600,456 | $188,079


Question: What was the amount of long-lived assets in Europe in 2019?
Answer: 59,925
This section presents the total remuneration of the Group’s external auditors for audit, assurance, and other services.
The auditors’ remuneration for the Group is as follows:
(1) Assurance related services include various agreed upon procedures and review of the sustainability report.
(2)  Other non-audit services include financial due diligence and other sundry services.
(3)  Other auditors are international associates of Deloitte Touche Tohmatsu Australia.
Table:
 | 2019 | 2018
 | $’000 | $’000
Auditors of the parent entity – Deloitte Touche Tohmatsu Australia |  | 
Audit or review of the financial reports | 3,055 | 2,778
Assurance related services (1) | 341 | 289
Tax compliance services | – | 11
Other non-audit services (2) | 222 | 193
 | 3,618 | 3,271
Other auditors (3) |  | 
Audit or review of the financial reports | 432 | 419
Assurance related services (1) | 50 | 50
Tax compliance services | 62 | 29
 | 544 | 498
Total auditors’ remuneration | 4,162 | 3,769


Question: What is the difference in the total auditors' remuneration between 2018 and 2019?
Answer: 393
Calculation: 4,162 - 3,769
Stock Appreciation Rights Awards
During the second quarter of fiscal 2019, in connection with the completion of the Pinnacle acquisition, we granted 2.3 million cash-settled stock appreciation rights with a fair value estimated at closing date using a Black-Scholes option-pricing model and a grant date price of $36.37 per share to Pinnacle employees in replacement of their unvested stock option awards that were outstanding as of the closing date. Approximately $14.8 million of the fair value of the replacement awards granted to Pinnacle employees was attributable to pre-combination service and was included in the purchase price and established as a liability. As of May 26, 2019, the liability of the replacement stock appreciation rights was $0.9 million, which includes post-combination service expense, the mark-to-market of the liability, and the impact of payouts since acquisition.
The compensation income for our cash-settled stock appreciation rights totaled $13.7 million for fiscal 2019. Included in this amount is income of $14.0 million related to the mark-to-market of the liability established in connection with the Pinnacle acquisition and expense of $0.2 million for accelerated vesting of awards related to Pinnacle integration restructuring activities, net of the impact of marking-to-market these awards based on a lower market price of Conagra common shares. The related tax expense for fiscal 2019 was $3.4 million.
A summary of the stock appreciation rights activity as of May 26, 2019 and changes during the fiscal year then ended is presented below:
Table:
 | Number of Options (in Millions) | Weighted Average Exercise Price | Average Remaining Contractual Term (Years) | Aggregate Intrinsic Value (in Millions)
Granted | 2.3 | $27.09 |  | 
Exercised | (0.1) | $24.79 |  | $0.1
Expired | (1.8) | $26.92 |  | 
Outstanding at May 26, 2019 | 0.4 | $28.13 | 0.16 | $0.6
Exercisable at May 26, 2019 | 0.4 | $28.13 | 0.16 | $0.6


Question: What is the ratio of granted stocks to exercisable stocks?
Answer: 5.75
Calculation: 2.3/0.4
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within our consolidated balance sheets as of December 31, 2019 and 2018 to the total of such amounts as presented in the consolidated statements of cash flows (in thousands):
(1) See Note 7. “Restricted Cash and Investments” to our consolidated financial statements for discussion of our “Restricted cash” arrangements.
During the year ended December 31, 2019, we sold marketable securities for proceeds of $52.0 million and realized no gain or loss on such sales. During the years ended December 31, 2018 and 2017, we sold marketable securities for proceeds of $10.8 million and $118.3 million, respectively, and realized gains of less than $0.1 million on such sales in each respective period. See Note 11. “Fair Value Measurements” to our consolidated financial statements for information about the fair value of our marketable securities.
Table:
 | Balance Sheet Line Item | 2019 | 2018
Cash and cash equivalents | Cash and cash equivalents | $ 1,352,741 | $ 1,403,562
Restricted cash – current (1) | Prepaid expenses and other current assets | 13,697 | 19,671
Restricted cash – noncurrent (1) . | Restricted cash and investments | 80,072 | 139,390
Total cash, cash equivalents, and restricted cash |  | $ 1,446,510 | $ 1,562,623


Question: What amount of marketable securities were sold in 2019?
Answer: During the year ended December 31, 2019, we sold marketable securities for proceeds of $52.0 million and realized no gain or loss on such sales.
Assets Measured at Fair Value on a Recurring Basis
Assets measured at fair value on a recurring basis at March 31, 2018 are as follows (amounts in millions):
There were no transfers between Level 1 or Level 2 during fiscal 2019 or fiscal 2018. There were no assets measured on a recurring basis during fiscal 2019 or fiscal 2018 using significant unobservable inputs (Level 3).
Table:
 | Quoted Prices in Active Markets for Identical Instruments (Level 1) | Significant Other Observable Inputs (Level 2) | Total Balance
Assets |  |  | 
Cash and cash equivalents: |  |  | 
Money market mutual funds | $121.0 | $— | $121.0
Deposit accounts | — | 641.6 | 641.6
Commercial Paper | — | 118.7 | 118.7
Government agency bonds | — | 20.0 | 20.0
Short-term investments: |  |  | 
Marketable equity securities | 2.8 | — | 2.8
Corporate bonds and debt | — | 542.9 | 542.9
Time deposits | — | 11.5 | 11.5
Government agency bonds | — | 723.2 | 723.2
Municipal bonds - taxable | — | 14.9 | 14.9
Total assets measured at fair value | $123.8 | $2,072.8 | $2,196.6


Question: What was the total balance time deposits?
Answer: 11.5
Item 6. SELECTED FINANCIAL DATA
You should read the following selected consolidated financial data for the five-year period ended March 31, 2019 in conjunction with our consolidated financial statements and notes thereto and "Management's Discussion and Analysis of Financial Condition and Results of Operations" included in Items 7 and 8 of this Form 10-K. Our consolidated statements of income data for each of the years in the three-year period ended March 31, 2019, and the balance sheet data as of March 31, 2019 and 2018, are derived from our audited consolidated financial statements, included in Item 8 of this Form 10-K. The statement of income data for the years ended March 31, 2016 and 2015 and balance sheet data as of March 31, 2017, 2016 and 2015 have been derived from our audited consolidated financial statements not included herein (in the tables below all amounts are in millions, except per share data).
(1) Refer to Note 2 to our consolidated financial statements for an explanation of our material business combinations during fiscal 2019 and fiscal 2017.
(2) Refer to Note 4 to our consolidated financial statements for a discussion of the special charges and other, net.
(3) Refer to Note 12 Debt and Credit Facility for further discussion.
Table:
 |  |  | Year ended March 31, |  | 
 | 2019 (1) | 2018 | 2017 (1) | 2016 | 2015
Consolidated Statements of Income data: |  |  |  |  | 
Net sales | $5,349.5 | $3,980.8 | $3,407.8 | $2,173.3 | $2,147.0
Special charges and other, net (2) | $33.7 | $17.5 | $98.6 | $4.0 | $2.8
Loss on settlement of debt (3) | $(12.6) | $(16.0) | $(43.9) | $— | $(50.6)
Net income from continuing operations | $355.9 | $255.4 | $170.6 | $323.9 | $365.3
Basic net income per common share from continuing operations | $1.51 | $1.10 | $0.79 | $1.59 | $1.84
Diluted net income per common share from continuing operations | $1.42 | $1.03 | $0.73 | $1.49 | $1.65
Dividends declared per common share | $1.457 | $1.449 | $1.441 | $1.433 | $1.425
Consolidated Balance Sheets data: |  |  |  |  | 
Total assets | $18,350.0 | $8,257.2 | $7,686.9 | $5,537.9 | $4,780.7
Net long-term debt and capital lease obligations, less current maturities (3) | $8,956.0 | $1,769.1 | $2,912.1 | $2,465.8 | $1,840.0
Microchip Technology stockholders' equity | $ 5,287.5 | $ 3,279.8 | $3,270.7 | $ 2,150.9 | $ 2,044.7


Question: What were the net sales in 2016?
Answer: 2,173.3
5. Other operating expenses
The expenses from logistics services provided by METRO LOGISTICS to companies intended for sale and non-group companies are offset by income from logistics services, which are reported under other operating income.
Table:
€ million | 2017/2018 | 2018/2019
Expenses from logistics services | 272 | 254
Losses from the disposal of fixed assets | 4 | 6
Impairment losses on goodwill | 0 | 3
Miscellaneous | 17 | 17
 | 293 | 279


Question: What was the percentage change in Losses from the disposal of fixed assets in 2018/2019 from 2017/2018?
Answer: 50
Calculation: (6-4)/4