hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed)
At December 31, 2019 and 2018, the Company has provided a valuation allowance of $194.2 million and $151.9 million, respectively, which primarily relates to foreign items. The increase in the valuation allowance for the year ending December 31, 2019 is due to uncertainty as to the timing of, and the Company’s ability to recover, net deferred tax assets in certain foreign operations in the foreseeable future, offset by fluctuations in foreign currency exchange rates. The amount of deferred tax assets considered realizable, however, could be adjusted if objective evidence in the form of cumulative losses is no longer present and additional weight may be given to subjective evidence such as the Company’s projections for growth.
A summary of the activity in the valuation allowance is as follows:
(1) Includes net charges to expense and allowances established due to acquisition.
The recoverability of the Company’s deferred tax assets has been assessed utilizing projections based on its current operations. Accordingly, the recoverability of the deferred tax assets is not dependent on material asset sales or other non-routine transactions. Based on its current outlook of future taxable income during the carryforward period, the Company believes that deferred tax assets, other than those for which a valuation allowance has been recorded, will be realized.
Table:
 | 2019 | 2018 | 2017
Balance as of January 1, | $151.9 | $142.0 | $144.4
Additions (1) | 42.5 | 15.7 | 11.6
Reversals | — | — | (9.1)
Foreign currency translation | (0.2) | (5.8) | (4.9)
Balance as of December 31, | $194.2 | $151.9 | $142.0


Question: What was the valuation allowance provided by the company in 2018 and 2019 respectively?
Answer: $151.9 million, $194.2 million
12. Geographic Information
The following table depicts the disaggregation of revenue by geographic region based on the ship to location of our customers and is consistent with how we evaluate our financial performance (in thousands)
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Americas | $89,944 | $112,506 | $122,893
Japan | 59,454 | 55,205 | 51,488
Asia Pacific, excluding Japan | 35,689 | 36,897 | 33,189
EMEA | 27,541 | 27,615 | 27,859
Total | $212,628 | $232,223 | $235,429


Question: What is the units for the data shown in the table?
Answer: in thousands
Lockheed Martin Transaction
On August 16, 2016, a wholly-owned subsidiary of Leidos Holdings, Inc. merged with the IS&GS Business in a Reverse Morris Trust transaction (the "IS&GS Transactions").
During fiscal 2017, the Company recorded adjustments to finalize the fair value of acquired assets and liabilities assumed which resulted in a $337 million increase in goodwill. Significant changes included intangible assets, property, plant and equipment, deferred tax assets, other assets, accounts payable and accrued liabilities and deferred tax liabilities.
On January 10, 2018, the final amount of the net working capital of the IS&GS Business was determined through a binding arbitration proceeding in accordance with the Separation Agreement with Lockheed Martin. As a result, $24 million was recorded as acquisition costs in the consolidated statements of income for fiscal 2017. On January 18, 2018, the final working capital amount of $105 million was paid to Lockheed Martin, of which $24 million and $81 million was presented as cash flows from operating and investing activities, respectively, on the consolidated statements of cash flows.
During fiscal 2018, a tax indemnification liability of $23 million was paid to Lockheed Martin in accordance with the Tax Matters Agreement, which was presented as cash flows from financing activities on the consolidated statements of cash flows.
The Company incurred the following expenses related to the acquisition and integration of the IS&GS Business:
These acquisition and integration costs have been recorded within Corporate and presented in "Acquisition, integration and restructuring costs" on the consolidated statements of income.
Table:
 |  | Year Ended | 
 | January 3, 2020 | December 28, 2018 | December 29, 2017
 |  | (in millions) | 
Acquisition costs | $— | $— | $25
Integration costs | 3 | 29 | 77
Total acquisition and integration costs | $3 | $29 | $102


Question: In which year was Integration costs more than 20 million?
Answer: 2018, 2017
Calculation: locate and analyze Integration costs in row 6
ITEM 6. SELECTED FINANCIAL DATA
The following selected consolidated financial data should be read together with our consolidated financial statements and accompanying notes and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” appearing elsewhere in this report. The selected consolidated financial data in this section is not intended to replace our consolidated financial statements and the accompanying notes. Our historical results are not necessarily indicative of our future results.
We derived the consolidated statements of operations data for the fiscal years ended December 31, 2019, 2018 and 2017 and the consolidated balance sheets data as of December 31, 2019 and 2018 from our audited consolidated financial statements appearing elsewhere in this report. The consolidated statement of operations data for the years ended December 31, 2016 and 2015 and the consolidated balance sheet data as of December 31, 2017, 2016 and 2015 have been derived from our audited consolidated financial statements, which are not included in this report.
Table:
 | Year Ended December 31, |  |  |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
Consolidated Statement of Operations Data |  |  | (Dollars in thousands except share and per share data) |  | 
Net sales | $ 245,862 | $193,237 | $152,359 | $129,707 | $113,505
Cost of goods sold | 131,665 | 103,247 | 79,943 | 69,336 | 58,856
Gross profit | 114,197 | 89,990 | 72,416 | 60,371 | 54,649
Selling, general and administrative expenses | 114,450 | 94,876 | 75,167 | 62,586 | 58,297
Loss from operations | (253) | (4,886) | (2,751) | (2,215) | (3,648)
Other income (expenses), net | 5 | (102) | (525) | (182) | 449
Interest expense | (991) | (296) | (910) | (698) | (455)
Loss before income taxes | (1,239) | (5,284) | (4,187) | (3,095) | (3,653)
Income tax expense | 144 | 77 | 75 | 66 | 58
Net loss attributable to common stockholders | $(1,383) | $(5,361) | $(4,262) | $(3,161) | $(3,711)
Net loss per share |  |  |  |  | 
Basic | $(0.04) | $(0.15) | $(0.12) | $(0.09) | $(0.11)
Diluted | $(0.04) | $(0.15) | $(0.12) | $(0.09) | $(0.11)
Weighted Average shares of common stock outstanding |  |  |  |  | 
Basic | 35,950,117 | 35,329,170 | 34,487,239 | 33,674,416 | 33,497,940
Diluted | 35,950,117 | 35,329,170 | 34,487,239 | 33,674,416 | 33,497,940


Question: What is the percentage change in gross profit from 2018 to 2019 year end?
Answer: 26.9
Calculation: (114,197-89,990)/89,990
The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition.
The amount recorded for developed technology represents the estimated fair value of Trello’s project management and organization technology. The amount recorded for customer relationships represents the fair values of the underlying relationship with Trello customers.
Table:
 | Fair Value | Useful Life
 | (U.S. $ in thousands) | (years)
Developed technology | $50,600 | 3
Customer relationships | 56,900 | 2
Trade names | 19,900 | 3
Total intangible assets subject to amortization | $127,400 | 


Question: What does the amount recorded for developed technology represent?
Answer: The estimated fair value of Trello’s project management and organization technology
Revenues. Revenues increased by 25% to RMB105.8 billion for the fourth quarter of 2019 on a year-on-year basis. The following table sets forth our revenues by line of business for the fourth quarter of 2019 and the fourth quarter of 2018:
Revenues from VAS increased by 20% to RMB52,308 million for the fourth quarter of 2019 on a year-on-year basis. Online games revenues grew by 25% to RMB30,286 million. The increase was primarily driven by revenue growth from smart phone games in both domestic and overseas markets, including titles such as Peacekeeper Elite and PUBG Mobile, as well as revenue contributions from Supercell titles, partly offset by lower revenues from PC client games such as DnF. Social networks revenues increased by 13% to RMB22,022 million. The increase mainly reflected greater contributions from digital content services such as live broadcast and music streaming services. Total smart phone games revenues (including smart phone games revenues attributable to our social networks business) were RMB26,035 million and PC client games revenues were RMB10,359 million for the fourth quarter of 2019.
Revenues from FinTech and Business Services increased by 39% to RMB29,920 million for the fourth quarter of 2019 on a year-on-year basis. The increase was primarily due to greater revenue contributions from commercial payment, as well as revenue growth from cloud services as a result of deeper penetration in key verticals.
Revenues from Online Advertising increased by 19% to RMB20,225 million for the fourth quarter of 2019 on a year-onyear basis. Social and others advertising revenues increased by 37% to RMB16,274 million. The increase was mainly driven by advertising revenue growth from Weixin Moments and our mobile advertising network. Media advertising revenues decreased by 24% to RMB3,951 million. The decrease primarily reflected lower advertising revenues from our media platforms including Tencent Video and Tencent News due to uncertain broadcasting schedules and fewer telecasts of sports events.
Table:
 | Unaudited |  |  | 
 | Three months ended |  |  | 
 | 31 December 2019 |  | 31 December 2018 | 
 |  | % of total |  | % of total
 | Amount | revenues | Amount | revenues
 |  |  | (Restated) | (Restated)
 | (RMB in millions, unless specified) |  |  | 
VAS | 52,308 | 50% | 43,651 | 51%
FinTech and Business Services | 29,920 | 28% | 21,597 | 26%
Online Advertising | 20,225 | 19% | 17,033 | 20%
Others | 3,314 | 3% | 2,615 | 3%
Total revenues | 105,767 | 100% | 84,896 | 100%


Question: What was the increase in revenues for the fourth quarter of 2019 on a year-on-year basis?
Answer: 25%
Liability for Warranty
Liability for Warranty Our products generally include warranties of 90 days to five years for product defects. We accrue for warranty returns at the time revenue is recognized based on our historical return rate and estimate of the cost to repair or replace the defective products. We engage in extensive product quality programs and processes, including actively monitoring and evaluating the quality of our component suppliers. The increasing complexity of our products will cause warranty incidences, when they arise, to be more costly. Our estimates regarding future warranty obligations may change due to product failure rates, material usage and other rework costs incurred in correcting a product failure. In addition, from time to time, specific warranty accruals may be recorded if unforeseen problems arise. Should our actual experience relative to these factors be worse than our estimates, we will be required to record additional warranty expense. Alternatively, if we provide for more reserves than we require, we will reverse a portion of such provisions in future periods. The liability for warranty obligations totaled $8.4 million and $8.6 million as of December 31, 2019 and 2018, respectively. These liabilities are included in accrued expenses in the accompanying Consolidated Balance Sheets. During 2017, we recorded a reduction in warranty expense related to a settlement with a third-party supplier for a defective component, the impact of which is reflected in the following table.
A summary of warranty expense and write-off activity for the years ended December 31, 2019, 2018 and 2017 is as follows:
(In thousands)
Table:
Year Ended December 31, | 2019 | 2018 | 2017
Balance at beginning of period | $8,623 | $9,724 | $8,548
Plus: Amounts charged to cost and expenses | 4,569 | 7,392 | 6,951
Less: Deductions | (4,798) | (8,493) | (5,775)
Balance at end of period | $8,394 | $8,623 | $9,724


Question: What was the percentage change in amounts charged to cost and expenses between 2017 and 2018?
Answer: 6.34
Calculation: (7,392-6,951)/6,951
6. Supplemental Financial Information
Inventories (in millions):
Table:
 | April 26, 2019 | April 26,2018
Purchased components | $ 8 | $ 12
Finished goods | 123 | 110
Inventories | $ 131 | $ 122


Question: What was the change in finished goods between 2018 and 2019?
Answer: 13
Calculation: 123-110
Short-Term Debt
The weighted-average interest rate for commercial paper at December 31, 2019 and 2018 was 1.6 percent and 2.5 percent, respectively. The weighted-average interest rates for short-term loans were 6.1 percent and 4.3 percent at December 31, 2019 and 2018, respectively.
Table:
($ in millions) |  | 
At December 31: | 2019 | 2018
Commercial paper | $  304 | $ 2,995
Short-term loans | 971 | 161
Long-term debt—current maturities | 7,522 | 7,051
Total | $8,797 | $10,207


Question: What was the weighted average interest rate for commercial paper at December 31, 2019?
Answer: 1.6 percent
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)
NOTE 18 — Income Taxes
Significant components of our deferred tax assets and liabilities are as follows:
Table:
 | As of December 31, | 
 | 2019 | 2018
Post-retirement benefits | $1,100 | $1,061
Inventory reserves | 708 | 1,236
Loss carry-forwards | 4,724 | 4,647
Credit carry-forwards | 15,964 | 16,909
Accrued expenses | 4,932 | 5,685
Research expenditures | 17,953 | 16,847
Operating lease liabilities | 6,211 | —
Stock compensation | 2,232 | 2,142
Foreign exchange loss | 1,986 | 2,245
Other | 230 | 207
Gross deferred tax assets | 56,040 | 50,979
Depreciation and amortization | 12,453 | 11,500
Pensions | 13,552 | 11,736
Operating lease assets | 5,963 | —
Subsidiaries' unremitted earnings | 1,903 | 1,258
Gross deferred tax liabilities | 33,871 | 24,494
Net deferred tax assets | 22,169 | 26,485
Deferred tax asset valuation allowance | (8,011) | (8,274)
Total net deferred tax assets | $14,158 | $18,211


Question: What was the Stock compensation in 2018?
Answer: 2,142
Benefit for Income Taxes
Our benefit for income taxes includes U.S. federal, state and foreign income taxes. The domestic and foreign components of our income from continuing operations before income taxes were as follows:
Table:
 | Year Ended December 31, |  | 
 | 2019 | 2018 | 2017
U.S. | $176.4 | $138.9 | $180.6
Foreign | (50.0) | (65.9) | (73.8)
Incomefromcontinuingoperationsbeforeincometaxes | $126.4 | $73.0 | $106.8


Question: Which financial years' information is shown in the table?
Answer: 2017, 2018, 2019
Note 13: Supplemental Balance Sheets and Statements of Operations Detail
(1) Fiscal year ended March 31, 2018 adjusted due to the adoption of ASC 606.
Table:
 | March 31, | 
(amounts in thousands) | 2019 | 2018
Accounts receivable: |  | 
Trade | $176,715 | $166,459
Allowance for doubtful accounts reserve | (1,206) | (1,210)
Ship-from-stock and debit (“SFSD”) reserve | (18,862) | (17,362)
Returns reserves (1) | (964) | (131)
Rebates reserves | (967) | (446)
Price protection reserves | (657) | (420)
Other | — | (329)
Accounts receivable, net (1) | $154,059 | $146,561


Question: What was the percentage change in the amount of trade between 2018 and 2019?
Answer: 6.16
Calculation: (176,715-166,459)/166,459
Greenhouse gas emissions
In line with the Companies Act 2006, Sophos is required to measure and report on its Greenhouse Gas (“GHG”) emissions disclosures. These have been calculated for the year-ending 31 March 2019, in line with the Group’s financial year. The calculation of the disclosures has been performed in accordance with Greenhouse Gas Protocol Corporate Standard and using the UK government’s conversion factor guidance for the year reported.
The Group’s operations that primarily release GHG includes usage of electricity and gas of owned and leased offices, business travel and usage of vehicles. The Group keeps its data capture process under review, seeking to extend the availability of direct information wherever possible. Where direct information for certain sites is not available, estimates have been developed that enable reporting for them. These estimates are revised if new or improved data is obtained.
The Group will continue to build its GHG reporting capabilities. The Group’s chosen intensity ratio is ‘tonnes of CO2 equivalent per million US dollars of billings’ as it aligns with Sophos’ strategic growth ambitions.
Creating an environmentally friendly HQ
The Group commissioned a greening study of its global headquarters in Abingdon, Oxfordshire. The purpose of the study was to benchmark the current environmental, health and wellbeing performance of the building against current best practice and against direct and indirect competitors.
The findings of the study showed that the building performance was consistent with intermediate good practice and the building management was consistent with standard good practice. The study highlighted areas of future improvement. The findings and recommendations of this report will be a key driver for developing best practice in environmental sustainability to match the growth aspirations and objectives of the Company.
The Group is endeavouring to achieve the standards in environmental performance, health and wellbeing that is expected of a global technology organisation at the Group’s headquarters.
Table:
 |  | Year-ended 31 March 2019 | Year-ended 31 March 2018 | Year-ended 31 March 2017
 |  | tCO2e | tCO2e | tCO2e
Scope 1 | Combustion of natural gas and operation of owned vehicles | 220.9 | 320.0 | 251.8
Scope 2 | Electricity consumption in offices | 4,487.2 | 4,457.3 | 4,681.9
Scope 3 | Business travel (air and car) | 3,260.9 | 5,117.4 | 4,510.9
Total |  | 7,969.0 | 9,894.7 | 9,444.6
Intensity ratio |  |  |  | 
tCO2e per $M of billings |  | 10.5 | 12.9 | 14.9


Question: What was the percentage change in the intensity ratio in 2019 from 2018?
Answer: -18.6
Calculation: (10.5-12.9)/12.9
a) Vessels Under Construction and Upgrades
Teekay LNG's share of commitments to fund newbuilding and other construction contract costs as at December 31, 2019 are as follows:
(i) In June 2019, Teekay LNG entered into an agreement with a contractor to supply equipment on certain of its LNG carriers in 2021 and 2022, for an estimated installed cost of approximately $60.6 million. As at December 31, 2019, the estimated remaining cost of this installation is $49.7 million.
(ii) Teekay LNG has a 30% ownership interest in the Bahrain LNG Joint Venture which has an LNG receiving and regasification terminal in Bahrain. The Bahrain LNG Joint Venture has secured undrawn debt financing of $34 million, of which $10 million relates to Teekay LNG's proportionate share of the commitments included in the table above.
Table:
 | Total | 2020 | 2021 | 2022
 | $ | $ | $ | $
Consolidated LNG carriers (i) | 49,652 | 11,979 | 22,382 | 15,291
Bahrain LNG Joint Venture (ii) | 11,351 | 11,351 | — | —
 | 61,003 | 23,330 | 22,382 | 15,291


Question: What is the increase/ (decrease) in Consolidated LNG carriers from 2020 to 2021?
Answer: 10403
Calculation: 22,382-11,979
13. Net Loss Per Share
Basic net loss per share is computed using the weighted average number of shares of common stock outstanding for the period, excluding stock options and restricted stock units. Diluted net loss per share is based upon the weighted average number of shares of common stock outstanding for the period and potentially dilutive common shares, including the effect of stock options and restricted stock units under the treasury stock method. The following table sets forth the computation of the numerators and denominators used in the basic and diluted net loss per share amounts:
(1) The effect of dilutive securities of 3.1 million, 4.5 million, and 4.6 million shares for the fiscal years ended January 31, 2019, 2018, and 2017, respectively, have been excluded from the calculation of diluted net loss per share as those shares would have been anti-dilutive due to the net loss incurred during those fiscal years.
The computation of diluted net loss per share does not include shares that are anti-dilutive under the treasury stock method because their exercise prices are higher than the average market value of Autodesk’s stock during the fiscal year. The effect of 0.5 million, 0.5 million, and 0.1 million potentially anti-dilutive shares were excluded from the computation of net loss per share for the fiscal years ended January 31, 2019, 2018, and 2017, respectively.
Table:
 |  | Fiscal Year Ended January 31, | 
 | 2019 | 2018 | 2017
Numerator: |  |  | 
Net loss | $(80.8) | $(566.9) | $(582.1)
Denominator: |  |  | 
Denominator for basic net loss per share—weighted average shares | 218.9 | 219.5 | 222.7
Effect of dilutive securities (1) | — | — | —
Denominator for dilutive net loss per share | 218.9 | 219.5 | 222.7
Basic net loss per share | $(0.37) | $(2.58) | $(2.61)
Diluted net loss per share | $(0.37) | $(2.58) | $(2.61)


Question: What is the basic net loss per share in 2017?
Answer: $(2.61)
stock performance graph the following graph sets forth the cumulative total shareholder return on our series a common stock , series b common stock and series c common stock as compared with the cumulative total return of the companies listed in the standard and poor 2019s 500 stock index ( 201cs&p 500 index 201d ) and a peer group of companies comprised of cbs corporation class b common stock , scripps network interactive , inc . ( acquired by the company in march 2018 ) , time warner , inc . ( acquired by at&t inc . in june 2018 ) , twenty-first century fox , inc . class a common stock ( news corporation class a common stock prior to june 2013 ) , viacom , inc . class b common stock and the walt disney company . the graph assumes $ 100 originally invested on december 31 , 2013 in each of our series a common stock , series b common stock and series c common stock , the s&p 500 index , and the stock of our peer group companies , including reinvestment of dividends , for the years ended december 31 , 2014 , 2015 , 2016 , 2017 and 2018 . two peer companies , scripps networks interactive , inc . and time warner , inc. , were acquired in 2018 . the stock performance chart shows the peer group including scripps networks interactive , inc . and time warner , inc . and excluding both acquired companies for the entire five year period . december 31 , december 31 , december 31 , december 31 , december 31 , december 31 .

Table:
 | december 312013 | december 312014 | december 312015 | december 312016 | december 312017 | december 312018
disca | $ 100.00 | $ 74.58 | $ 57.76 | $ 59.34 | $ 48.45 | $ 53.56
discb | $ 100.00 | $ 80.56 | $ 58.82 | $ 63.44 | $ 53.97 | $ 72.90
disck | $ 100.00 | $ 80.42 | $ 60.15 | $ 63.87 | $ 50.49 | $ 55.04
s&p 500 | $ 100.00 | $ 111.39 | $ 110.58 | $ 121.13 | $ 144.65 | $ 135.63
peer group incl . acquired companies | $ 100.00 | $ 116.64 | $ 114.02 | $ 127.96 | $ 132.23 | $ 105.80
peer group ex . acquired companies | $ 100.00 | $ 113.23 | $ 117.27 | $ 120.58 | $ 127.90 | $ 141.58
equity compensation plan information information regarding securities authorized for issuance under equity compensation plans will be set forth in our definitive proxy statement for our 2019 annual meeting of stockholders under the caption 201csecurities authorized for issuance under equity compensation plans , 201d which is incorporated herein by reference. .

Question: did the k series 5 year total return outperform the s&p 500?
Answer: no
Calculation: greater(55.04, 135.63)