hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Reconciliation of net voyage revenues to voyage revenues:
(1) Vessel Calendar Days is the total number of days the vessels were in our fleet.
(2) Time Charter Equivalent ("TCE") Rate, results from Net Voyage Revenue divided by total TCE days.
Table:
 |  | Years Ended December 31,     | 
All figures in USD '000, except TCE rate per day  | 2018 | 2017 | Variance 
Voyage Revenue   | 289,016 | 297,141 | (2.7%)
Less Voyage expenses   | (165,012) | (142,465) | 15.8%
Net Voyage Revenue   | 124,004 | 154,676 | (19.8%)
Vessel Calendar Days (1)   | 9,747 | 10,892 | (10.5%)
Less off-hire days   | 277 | 867 | (68.1%)
Total TCE days   | 9,470 | 10,025 | (5.5%)
TCE Rate per day (2)  | $13,095 | $15,428 | (15.1%)
Total Days for vessel operating expenses   | 9,747 | 10,892 | (10.5%)


Question: What are the respective voyage revenue in 2017 and 2018?
Answer: 297,141, 289,016
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 is the percentage constitution of trade names among the total intangible assets subject to amortization?
Answer: 15.62
Calculation: 19,900/127,400
MARKET PRICES OF COMMON STOCK
The common stock of the Company is listed on the NASDAQ Global Market under the symbol “FEIM.”
Table:
Fiscal Quarter | High Sale | Low Sale
2019 |  | 
First Quarter | $8.95 | $7.30
Second Quarter | 11.38 | 7.80
Third Quarter | 13.38 | 9.60
Fourth Quarter | 13.52 | 10.80
2018 |  | 
First Quarter | $10.76 | $ 7.91
Second Quarter | 10.00 | 7.53
Third Quarter | 9.94 | 8.66
Fourth Quarter | 10.59 | 8.55


Question: What symbol is the common stock trading under?
Answer: FEIM
2 Alternative performance measures continued
Cash generation
Cash generation is one of the Group’s key performance indicators used by the Board to monitor the performance of the Group and measure the successful implementation of our strategy. It is one of three financial measures on which Executive Directors’ variable remuneration is based.
Cash generation is adjusted operating profit after adding back depreciation and amortisation (excluding IFRS 16 depreciation), less cash payments to pension schemes in excess of the charge to operating profit, equity settled share plans and working capital changes.
Table:
 | 2019 | 2018
 | £m | £m
Adjusted operating profit | 282.7 | 264.9
Depreciation and amortisation (excluding IFRS16 depreciation) | 34.3 | 32.9
Cash payments to pension schemes in excess of charge to P&L | (5.2) | (4.6)
Equity settled share plans | 6.2 | 5.7
Working capital changes | (21.4) | (22.5)
Cash generation | 296.6 | 276.4


Question: How is cash generation calculated?
Answer: adjusted operating profit after adding back depreciation and amortisation (excluding IFRS 16 depreciation), less cash payments to pension schemes in excess of the charge to operating profit, equity settled share plans and working capital changes
7. ACCOUNTS RECEIVABLES ALLOWANCES
Summarized below is the activity in our accounts receivable allowances including compensation credits and doubtful accounts as follows (in thousands):
The balances at the end of fiscal years 2019, 2018 and 2017 are comprised primarily of compensation credits of $4.5 million, $6.3 million and $8.9 million, respectively.
Table:
 |  | Fiscal Year | 
 | 2019 | 2018 | 2017
Balance - beginning of year | $6,795 | $9,410 | $3,279
Provision, net | 11,989 | 15,465 | 29,512
Charge-offs | (13,737) | (18,080) | (23,381)
Balance - end of year | $5,047 | 6,795 | 9,410


Question: What was the change in the Balance - beginning of year from 2018 to 2019?
Answer: -2615
Calculation: 6,795 - 9,410
5.1.3 Consolidated Shipments and Net Revenue in 2019 and 2018
Unit: Shipments (thousand 12-inch equivalent wafers) / Net Revenue (NT$ thousands)
Note 1: Domestic means sales to Taiwan. Note 2: Others mainly include revenue associated with packaging and testing services, mask making, design services, and royalties.
Note 3: Commencing in 2018, the Company began to break down the net revenue by product based on a new method which associates most estimated sales returns and allowances with individual sales transactions, as opposed to the previous method which allocated sales returns and allowances based on the aforementioned gross revenue. The Company believes the new method provides a more relevant breakdown than the previous one.
Table:
 |  | 2019 |  | 2018 | 
 |  | Shipments | Net Revenue (Note 3) | Shipments | Net Revenue (Note 3)
Wafer | Domestic (Note 1) | 1,678 | 91,259,259 | 1,575 | 81,718,513
 | Export | 8,390 | 836,058,092 | 9,177 | 829,577,851
Others (Note 2) | Domestic (Note 1) | N/A | 8,835,783 | N/A | 8,398,094
 | Export | N/A | 133,832,314 | N/A | 111,779,099
Total | Domestic (Note 1) | 1,678 | 100,095,042 | 1,575 | 90,116,607
 | Export | 8,390 | 969,890,406 | 9,177 | 941,356,950


Question: How did the the Company began to break down the net revenue by product since 2018?
Answer: based on a new method which associates most estimated sales returns and allowances with individual sales transactions, as opposed to the previous method which allocated sales returns and allowances based on the aforementioned gross revenue.
Summarized 100% statement of financial position information for ASMPT equity method investment excluding basis adjustments (foreign currency exchange rate per December 31, 2019 was 1 HK$: €0.11432 for December 31, 2018: 1 HK$: €0.11151).
Equity of ASMPT per December 31, 2019 translated into euros at a rate of 0.11432 was €1,329 million (our 25.19% share: €335 million).
The ASMPT Board is responsible for ongoing monitoring of the performance of the Back-end activities. The actual results of the Back-end operating unit are discussed with the ASMPT Audit Committee, which includes the representative of ASMI. The ASMI representative reports to the ASMI Management Board and the Audit Committee of ASMI on a quarterly basis.
Our share of income taxes incurred directly by the associates is reported in result from investments in associates and as such is not included in income taxes in our consolidated financial statements.
Table:
 | December 31, | 
(HK$ million) | 2018 | 2019
Current assets | 15,168 | 13,381
Non-current assets | 5,907 | 7,464
Current liabilities | 7,792 | 4,432
Non-current liabilities | 1,122 | 4,781
Equity | 12,161 | 11,632


Question: What is the current assets in 2018?
Answer: 15,168
14. SHAREHOLDERS’ EQUITY
Authorized, issued and outstanding common shares roll-forward is as follows:
In December 2017, the Company completed an underwritten public offering of 40,000,000 common shares which increased its equity by $103.7 million.
In December 2018, the Annual General Meeting of the Company approved to increase the Company’s authorized share capital from $1.8 million to $3.6 million.
During 2019, the Company has issued 5,260,968 shares through the ATM program and raised net proceeds of $17.9 million.
Table:
 | Authorized
Shares | Issued and Out-
standing Shares | Common Stock
Balance as of January 1, 2017   | 180,000,000 | 101,969,666 | 1,020
Common Shares Issued in Follow-on Offering | - | 40,000,000 | 400
Balance as of December 31, 2017   | 180,000,000 | 141,969,666 | 1,420
Authorization of additional authorized shares   | 180,000,000 | - | -
Balance as of December 31, 2018   | 360,000,000 | 141,969,666 | 1,420
At-the-Market Offering   | - | 5,260,968 | 52
Balance as of December 31, 2019   | 360,000,000 | 147,230,634 | 1,472


Question: In December 2017, what was the increase in equity from the Company's underwritten public offering?
Answer: $103.7 million
Property and Equipment
Property and equipment is recorded at cost and consists of furniture, computers, other office equipment, and leasehold improvements. We depreciate the cost of furniture, computers, and other office equipment on a straight-line basis over their estimated useful lives (five years for office equipment, seven years for furniture and fixtures). Leasehold improvements are depreciated over the lesser of their useful lives or the term of the lease. Depreciation and amortization expense for 2019, 2018, and 2017 was approximately $8.0 million, $8.6 million, and $9.1 million, respectively, and was included in “Depreciation and amortization” in the Consolidated Statements of Income. Amortization expense on intangible assets in 2019, 2018 and 2017 was immaterial.
Property and equipment, at cost, consist of the following (in thousands):
Table:
 | December 31 | 
 | 2019 | 2018
Office equipment | $ 38,373 | $ 39,633
Furniture and fixtures | 5,017 | 4,610
Leasehold improvement | 23,534 | 19,430
Property and equipment, gross | 66,924 | 63,673
Less accumulated depreciation | (44,199 ) | (49,355 )
Property and equipment, net | $ 22,725 | $ 14,318


Question: What is the change in property and equipment, net cost in 2019 and 2018?
Answer: 8407
Calculation: $22,725-$14,318
Note 12. Current liabilities - trade and other payables
Accounting policy for trade and other payables 

These amounts represent liabilities for goods and services provided to the Group prior to the end of the financial year and which are unpaid. Due to their short-term nature they are measured at amortised cost and are not discounted. The amounts are unsecured and are usually paid within 30 days of recognition.
Deferred consideration 

The payable represents the obligation to pay consideration following the acquisition of a business or assets and is deferred based on passage of time. It is measured at the present value of the estimated liability.
Table:
Consolidated |  | 
 | 2019 | 2018
 | US$’000 | US$’000
Trade payables | 3,492 | 2,016
Deferred consideration | 888 | 643
Other payables | 11,898 | 9,488
 | 16,278 | 12,147


Question: What is the percentage of trade payables as a ratio of current liabilities  in 2019?
Answer: 21.45
Calculation: 3,492/16,278
Balance Sheet and Cash Flows
Cash and Cash Equivalents and Investments The following table summarizes our cash and cash equivalents and investments (in millions):
The net decrease in cash and cash equivalents and investments from fiscal 2018 to fiscal 2019 was primarily driven by cash returned to shareholders in the form of repurchases of common stock of $20.7 billion under the stock repurchase program and cash dividends of $6.0 billion, net cash paid for acquisitions and divestitures of $2.2 billion, a net decrease in debt of $1.1 billion, and capital expenditures of $0.9 billion. These uses of cash were partially offset by cash provided by operating activities of $15.8 billion and the timing of settlements of investments and other of $2.0 billion.
In addition to cash requirements in the normal course of business, on July 9, 2019 we announced our intent to acquire Acacia Communications, Inc. (“Acacia”) for a purchase consideration of approximately $2.6 billion in cash. Additionally, $0.7 billion of the U.S. transition tax on accumulated earnings for foreign subsidiaries, $6.0 billion of long-term debt and $4.2 billion of commercial paper notes outstanding at July 27, 2019, are payable within the next 12 months from the balance sheet date. See further discussion of liquidity and future payments under “Contractual Obligations” and “Liquidity and Capital Resource Requirements” below.
We maintain an investment portfolio of various holdings, types, and maturities. We classify our investments as short-term investments based on their nature and their availability for use in current operations. We believe the overall credit quality of our portfolio is strong, with our cash equivalents and our available-for-sale debt investment portfolio consisting primarily of high quality investment-grade securities. We believe that our strong cash and cash equivalents and investments position allows us to use our cash resources for strategic investments to gain access to new technologies, for acquisitions, for customer financing activities, for working capital needs, and for the repurchase of shares of common stock and payment of dividends as discussed below.
Table:
 | July 27, 2019 | July 28, 2018 | Increase (Decrease)
Cash and cash equivalents . | $11,750 | $8,934 | $2,816
Available-for-sale debt investments | 21,660 | 37,009 | (15,349)
Marketable equity securities | 3 | 605 | (602)
Total | $33,413 | $46,548 | $(13,135)


Question: What was the difference between cash and cash equivalents and Available-for-sale debt investments in 2019?
Answer: 9910
Calculation: 21,660-11,750
(1) Using the euro per US dollar exchange rate on December 31, 2019 of €1 = $1.1213.
(2) Since May 23, 2019 Mr. Manzi has not been a member of the Supervisory Board.
(3) Global indirect employees are all employees other than those directly manufacturing our products.
We do not have any service agreements with members of our Supervisory Board. We did not extend any loans or overdrafts to any of our Supervisory Board members. Furthermore, we have not guaranteed any debts or concluded any leases with any of our Supervisory Board members or their families.
Table:
 | 2019 | 2018 | 2017
Directors' remuneration |  |  | 
Average remuneration of Supervisory Board Members(1) | $105,066(2) | $ 115,618 | $ 123,281
Company's performance |  |  | 
Net revenues (amounts in millions) | $ 9,556 | $ 9,664 | $ 8,347
Operating income (amounts in millions) | $ 1,203 | $ 1,400 | $ 1,005
Average remuneration of all global indirect employees (FTE basis) (3) |  |  | 
Employees | $ 97,300 | $ 100,600 | $ 93,500


Question: What was the average Net Revenues?
Answer: 9189
Calculation: (9,556 + 9,664 + 8,347) / 3
Revenue and costs are generally directly attributed to our segments. However, due to the integrated structure of our business, certain revenue recognized and costs incurred by one segment may benefit other segments. Revenue from certain contracts is allocated among the segments based on the relative value of the underlying products and services, which can include allocation based on actual prices charged, prices when sold separately, or estimated costs plus a profit margin. Cost of revenue is allocated in certain cases based on a relative revenue methodology. Operating expenses that are allocated primarily include those relating to marketing of products and services from which multiple segments benefit and are generally allocated based on relative gross margin.
In addition, certain costs incurred at a corporate level that are identifiable and that benefit our segments are allocated to them. These allocated costs include costs of: legal, including settlements and fines; information technology; human resources; finance; excise taxes; field selling; shared facilities services; and customer service and support. Each allocation is measured differently based on the specific facts and circumstances of the costs being allocated. Certain corporate-level activity is not allocated to our segments, including restructuring expenses.
Segment revenue and operating income were as follows during the periods presented:
Corporate and Other operating loss comprised restructuring expenses.
Table:
(In millions) |  |  | 
Year Ended June 30, | 2019 | 2018 | 2017
Revenue |  |  | 
Productivity and Business Processes | $ 41,160 | $ 35,865 | $ 29,870
Intelligent Cloud | 38,985 | 32,219 | 27,407
More Personal Computing | 45,698 | 42,276 | 39,294
Total | $  125,843 | $   110,360 | $   96,571
Operating Income (Loss) |  |  | 
Productivity and Business Processes | $ 16,219 | $ 12,924 | $ 11,389
Intelligent Cloud | 13,920 | 11,524 | 9,127
More Personal Computing | 12,820 | 10,610 | 8,815
Corporate and Other | 0 | 0 | (306)
Total | $ 42,959 | $ 35,058 | $ 29,025


Question: Which of the 3 years from 2017 to 2019 had the highest revenue for Intelligent Cloud?
Answer: 2019
Calculation: 38,985 > 32,219 > 27,407
Fees Billed by Ernst & Young LLP
The table below shows the fees billed by EY for audit and other services provided to the Company in fiscal years 2019 and 2018.
Figure 48. FY2019/2018 Fees Billed by Ernst & Young LLP
(1) Audit Fees represent fees for professional services provided in connection with the audits of annual financial statements. Audit Fees also include reviews of quarterly financial statements, audit services related to other statutory or regulatory filings or engagements, and fees related to EY’s audit of the effectiveness of the Company’s internal control over financial reporting pursuant to section 404 of the Sarbanes-Oxley Act.
(2) Audit-Related Fees represent fees for assurance and related services that are reasonably related to the audit or review of the Company’s financial statements and are not reported above under “Audit Fees”. These fees principally include due diligence and accounting consultation fees in connection with our acquisition of Coventor, Inc. in 2018 and an information systems audit in 2019.
(3) Tax Fees represent fees for professional services for tax planning, tax compliance and review services related to foreign tax compliance and assistance with tax audits and appeals.
The audit committee reviewed summaries of the services provided by EY and the related fees during fiscal year 2019 and has determined that the provision of non-audit services was compatible with maintaining the independence of EY as the Company’s independent registered public accounting firm. The audit committee or its delegate approved 100% of the services and related fee amounts for services provided by EY during fiscal year 2019.
Table:
 | Fiscal Year 2019 ($) | Fiscal Year 2018 ($)
AuditFees(1) | 4,703,830 | 4,605,495
Audit-RelatedFees(2) | 27,000 | 90,500
TaxFees(3) | 194,170 | 34,888
AllOtherFees | — | —
TOTAL | 4,925,000 | 4,730,883


Question: What is the percentage change in the audit fees from 2018 to 2019?
Answer: 2.14
Calculation: (4,703,830-4,605,495)/4,605,495
30. Financial instruments and financial risk management continued
b) Credit risk continued
The composition of trade receivables at 31 December is as follows:
The Group closely monitors amounts due from customers and performs activities such as credit checks and reviews of payment history and has put in place appropriate credit approval limits. Based on these procedures, management assessed the quality of those receivables that are past due but not impaired as low risk.
The receivables’ provision is based on expected credit losses. The movement on the provision during the year is given in note 20. The value of impaired trade receivables is $1.4 million (2018 $0.9 million). For all other financial assets, the maximum exposure to credit risk is represented by the carrying amount.
Table:
 | 2019 | 2018
 | $ million | $ million
Neither impaired nor past due | 115.3 | 99.8
Past due but not impaired: |  | 
– Less than 30 days overdue | 8.6 | 16.8
– 30 to 60 days | 3.6 | 3.2
– Over 60 days | 1.2 | 3.6
Trade receivables | 128.7 | 123.4


Question: What activities does the Group perform when it closely monitors amounts due from customers?
Answer: performs activities such as credit checks and reviews of payment history and has put in place appropriate credit approval limits
We engaged with Dell in the following ongoing related party transactions, which resulted in costs to us:
• We purchase and lease products and purchase services from Dell.
• From time to time, we and Dell enter into agreements to collaborate on technology projects, and we pay Dell for services provided to us by Dell related to such projects.
• In certain geographic regions where we do not have an established legal entity, we contract with Dell subsidiaries for support services and support from Dell personnel who are managed by us. The costs incurred by Dell on our behalf related to these employees are charged to us with a mark-up intended to approximate costs that would have been incurred had we contracted for such services with an unrelated third party. These costs are included as expenses on our consolidated statements of income and primarily include salaries, benefits, travel and occupancy expenses. Dell also incurs certain administrative costs on our behalf in the U.S. that are recorded as expenses on our consolidated statements of income.
• In certain geographic regions, Dell files a consolidated indirect tax return, which includes value added taxes and other indirect taxes collected by us from our customers. We remit the indirect taxes to Dell and Dell remits the tax payment to the foreign governments on our behalf.
• From time to time, we invoice end users on behalf of Dell for certain services rendered by Dell. Cash related to these services is collected from the end user by us and remitted to Dell.
• From time to time, we also enter into agency arrangements with Dell that enable us to sell our subscriptions and services, leveraging the Dell enterprise relationships and end customer contracts.
Information about our payments for such arrangements during the periods presented consisted of the following (table in millions):
1) Amount includes indirect taxes that were remitted to Dell during the periods presented.
We also purchase Dell products through Dell’s channel partners. Purchases of Dell products through Dell’s channel partners were not significant during the periods presented.
Table:
 |  | For the Year Ended | 
 | January 31, 2020 | February 1, 2019 | February 2, 2018
Purchases and leases of products and purchases of services(1) | $242 | $200 | $142
Dell subsidiary support and administrative costs | 119 | 145 | 212


Question: What was the Dell subsidiary support and administrative costs in 2019?
Answer: 145
3. REVENUE FROM CONTRACTS WITH CUSTOMERS
Revenues and related costs on construction contracts are recognized as the performance obligations are satisfied over time in accordance with ASC 606, Revenue from Contracts with Customers. Under ASC 606, revenue and associated profit, will be recognized as the customer obtains control of the goods and services promised in the contract (i.e., performance obligations). The cost of uninstalled materials or equipment will generally be excluded from the Company’s recognition of profit, unless specifically produced or manufactured for a project, because such costs are not considered to be a measure of progress.
The following tables summarize the impact of the adoption of ASC 606 on the Company’s condensed consolidated statement of operations for the year ended December 31, 2018 and the consolidated balance sheet as of December 31, 2018:
Table:
 |  | For the Year Ended December 31, 2018 | 
 | As Reported | Without Adoption of ASC 606 | Impact of Adoption of ASC 606
Revenue | $70,965 | $68,845 | $(2,120)
Cost of goods sold | 58,701 | 57,471 | (1,230)
Gross profit | 12,264 | 11,374 | (890)


Question: What is the percentage change in the costs of goods sold after the adoption of ASC 606?
Answer: 2.14
Calculation: (58,701-57,471)/57,471