hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
LIQUIDITY AND CAPITAL RESOURCES
The Company’s cash and cash equivalents increased to $93,628 at June 30, 2019 from $31,440 at June 30, 2018. Cash at the end of fiscal 2018 was lower due primarily to the acquisition of Ensenta and higher repayment of debt in fiscal 2018.
The following table summarizes net cash from operating activities in the statement of cash flows:
Cash provided by operating activities increased 5% compared to fiscal 2018. Cash from operations is primarily used to repay debt, pay dividends and repurchase stock, and for capital expenditures.
Table:
 | Year Ended | 
 | June 30 | 
 | 2019 | 2018
Net income | $271,885 | $365,034
Non-cash expenses | 180,987 | 87,906
Change in receivables | (11,777) | 21,489
Change in deferred revenue | 23,656 | 1,255
Change in other assets and liabilities | (33,623) | (63,542)
Net cash provided by operating activities | $431,128 | $412,142


Question: What does the table show?
Answer: summarizes net cash from operating activities in the statement of cash flows
3. Operating (loss)/profit
Detailed below are the key amounts recognised in arriving at our operating (loss)/profit
Notes: 1 The year ended 31 March 2019 included €nil (2018: €80 million credit, 2017: €127 million charge) reported in other income and expense in the consolidated income statement
2 Reported in other income and expense in the consolidated income statement.
Table:
 | 2019 | 2018 | 2017
 | €m | €m | €m
Net foreign exchange losses/(gains)1 | 1 | (65) | 133
Depreciation of property, plant and equipment (note 11): |  |  | 
Owned assets | 5,795 | 5,963 | 6,253
Leased assets | 59 | 47 | 12
Amortisation of intangible assets (note 10) | 3,941 | 4,399 | 4,821
Impairment of goodwill in subsidiaries, associates and joint arrangements (note 4) | 3,525 | – | –
Staff costs (note 23) | 5,267 | 5,295 | 5,519
Amounts related to inventory included in cost of sales | 5,886 | 6,045 | 6,464
Operating lease rentals payable | 3,826 | 3,788 | 3,976
Loss on disposal of property, plant and equipment and intangible assets | 33 | 36 | 22
Own costs capitalised attributable to the construction or acquisition of property, plant and equipment | (844) | (829) | (800)
Net gain on formation of VodafoneZiggo (note 26)2 | – | – | (1,275)


Question: Between 2018 and 2019, which year had a greater amount of owned assets?
Answer: 2018
Calculation: 5,963>5,795
The difference between the tax provision at the statutory federal income tax rate and the tax provision as a percentage of income before income taxes (effective tax rate) for each period was as follows:
The majority of the increase in our effective tax rate in 2019 compared to 2018 was driven by one-time benefits that occurred in 2018.
The majority of the decrease in our effective tax rate in 2018 compared to 2017 resulted from initial tax expense from Tax Reform and the tax impacts from the ISecG divestiture that we had in 2017, but not in 2018. The reduction of the U.S. statutory rate, combined with the net impact of the enactment or repeal of specific tax law provisions through Tax Reform, drove the remaining decrease in our effective tax rate in 2018.
We derive the effective tax rate benefit attributed to non-U.S. income taxed at different rates primarily from our operations in China, Hong Kong, Ireland, and Israel. The statutory tax rates in these jurisdictions range from 12.5% to 25.0%. In addition, we are subject to reduced tax rates in China and Israel as long as we conduct certain eligible activities and make certain capital investments. These conditional reduced tax rates expire at various dates through 2026 and we expect to apply for renewals upon expiration.
Table:
Years Ended | Dec 28, 2019 | Dec 29, 2018 | Dec 30, 2017
Statutory federal income tax rate | 21.0% | 21.0% | 35.0%
Increase (reduction) in rate resulting from: |  |  | 
Non-U.S. income taxed at different rates | (3.7) | (3.6) | (7.6)
Research and development tax credits | (2.3) | (2.7) | (2.3)
Domestic manufacturing deduction benefit | — | — | (1.3)
Foreign derived intangible income benefit | (3.2) | (3.7) | —
Tax Reform | — | (1.3) | 26.8
ISecG divestiture | — | — | 3.3
Other | 0.7 | (0.1) | (1.1)
Effective tax rate | 12.5% | 9.7% | 52.8%


Question: What was the major driver for the increase in effective tax rate in 2019 compared to 2018?
Answer: One-time benefits that occurred in 2018.
Investing Cash Flow Activities
Year Ended December 31, 2019 Compared with the Year Ended December 31, 2018
Net cash used in investing activities – continuing operations during the year ended December 31, 2019 resulted from the absence of the sale of businesses compared to prior year. The sale of Netsmart and OneContent produced significant investing cash inflows during 2018, which was partially offset with cash paid for the acquisitions of Practice Fusion and Health Grid. Capital expenditures also decreased in 2019 compared with prior year.
Year Ended December 31, 2018 Compared with the Year Ended December 31, 2017
We had cash inflows from investing activities – continuing operations during the year ended December 31, 2018 compared with cash outflows from investing activities – continuing operations during the year ended December 31, 2017, which was primarily driven by cash proceeds of $567 million from the sale of our investment in Netsmart and $241 million of net cash proceeds from the divestiture of the OneContent business during 2018.
Cash used in investing activities also included the purchase of Practice Fusion and Health Grid, which were mostly offset by lower overall capital expenditures during 2018.
Net cash used in investing activities – discontinued operations increased during the year ended December 31, 2018 compared with the prior year, primarily due to larger business acquisitions completed by Netsmart during 2018.
Table:
 |  | Year Ended December 31, |  |  | 
(In thousands) | 2019 | 2018 | 2017 | 2019 $ Change from 2018 | 2018 $ Change from 2017
Capital expenditures | $(16,600) | $(31,309) | $(38,759) | $14,709 | $7,450
Capitalized software | (113,836) | (113,308) | (118,241) | (528) | 4,933
Cash paid for business acquisitions, net of cash acquired | (23,443) | (177,233) | (169,823) | 153,790 | (7,410)
Cash received from sale of businesses, net | 0 | 807,764 | 0 | (807,764) | 807,764
Purchases of equity securities, other investments and related intangible assets, net | (7,191) | (16,934) | (5,606) | 9,743 | (11,328)
Other proceeds from investing activities | 14 | 54 | 215 | (40) | (161)
Net cash (used in) provided by investing activities - continuing operations | (161,056) | 469,034 | (332,214) | (630,090) | 801,248
Net cash used in investing activities - discontinued operations | 0 | (221,021) | (80,758) | 221,021 | (140,263)
Net cash (used in) provided by investing activities | $(161,056) | $248,013 | $(412,972) | $(409,069) | $660,985


Question: What led to Net cash used in investing activities – continuing operations during the year ended December 31, 2019?
Answer: the absence of the sale of businesses compared to prior year
Item 6. Selected Financial Data
The following selected data is derived from our Consolidated Financial Statements. This data should be read in conjunction with the Consolidated Financial Statements and notes thereto incorporated into Item 8, “Financial Statements and Supplementary Data” and with Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”
(2) Working capital is defined as current assets minus current liabilities.
Table:
 |  |  | August 31, |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
 |  |  | (in thousands) |  | 
Consolidated Balance Sheets Data: |  |  |  |  | 
Working capital(2) | $(187,020) | $319,050 | $(243,910) | $280,325 | $191,168
Total assets | $12,970,475 | $12,045,641 | $11,095,995 | $10,322,677 | $9,591,600
Current installments of notes payable and long-term debt | $375,181 | $25,197 | $444,255 | $44,689 | $321,964
Notes payable and long-term debt, less current installments | $2,121,284 | $2,493,502 | $1,606,017 | $2,046,655 | $1,308,663
Total Jabil Inc. stockholders’ equity | $1,887,443 | $1,950,257 | $2,353,514 | $2,438,171 | $2,314,856
Common stock shares outstanding | 153,520 | 164,588 | 177,728 | 186,998 | 192,068


Question: How many years did Common stock shares outstanding exceed $160,000 thousand?
Answer: 4
Calculation: 2018##2017##2016##2015
Note 12 – Income Taxes
The provision for income taxes consists of the following for the fiscal years ended December 27, 2019, December 28, 2018 and December 29, 2017:
Table:
 | December 27, 2019  | December 28, 2018  | December 29, 2017
Current income tax expense: |  |  | 
Federal  | $4,003 | $2,945 | $3,342
State  | 2,144 | 1,943 | 1,403
Total current income tax expense  | 6,147 | 4,888 | 4,745
Deferred income tax expense (benefit): |  |  | 
Federal  | 1,617 | 2,363 | (1,059)
Foreign  | 17 | (472) | 215
State  | 429 | 663 | 141
Total deferred income tax expense (benefit) | 2,063 | 2,554 | (703)
Total income tax expense | $8,210 | $7,442 | $4,042


Question: What is the average Total income tax expense for 2019, 2018 and 2017?
Answer: 6564.67
Calculation: (8,210+ 7,442+ 4,042)/3
OPERATING EXPENSES
(1) For the three-month period ended August 31, 2019, the average foreign exchange rate used for translation was 1.3222 USD/CDN.
(2) Fiscal 2018 was restated to comply with IFRS 15 and to reflect a change in accounting policy as well as to reclassify results from Cogeco Peer 1 as discontinued operations. For further details, please consult the "Accounting policies" and "Discontinued operations" sections.
(3) Fiscal 2019 actuals are translated at the average foreign exchange rate of the comparable period of fiscal 2018 which was 1.3100 USD/CDN.
Fiscal 2019 fourth-quarter operating expenses increased by 1.6% (1.1% in constant currency) mainly from: • additional costs in the American broadband services segment mainly due to higher programming costs, additional headcount to support growth, higher marketing initiatives to drive primary service units growth and the FiberLight acquisition;
Table:
Three months ended August 31, | 2019 (1) | 2018 (2) | Change | Change in constant currency (3) | Foreign exchange impact (3)
(in thousands of dollars, except percentages) | $ | $ | % | % | $
Canadian broadband services | 147,815 | 153,560 | (3.7) | (3.8) | 73
American broadband services | 148,215 | 136,506 | 8.6 | 7.6 | 1,370
Inter-segment eliminations and other | 6,803 | 7,911 | (14.0) | (14.0) | (2)
 | 302,833 | 297,977 | 1.6 | 1.1 | 1,441


Question: What was the exchange rate for the three-month period ended August 31, 2019?
Answer: 1.3222 USD/CDN
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
The fair value of the Company’s qualified pension plan assets by category for the years ended December 31, are as follows:
At December 31, 2019 our plan’s assets of $14.9 million were invested in five separate funds including a multiasset fund (32.4%), a diversified growth fund (32.6%), an index-linked gilt (13.0%), corporate bonds (14.0%), and insurance contracts (7%). The asset and growth funds aim to generate an ‘equity-like’ return over an economic cycle with significantly reduced volatility relative to equity markets and have scope to use a diverse range of asset classes, including equities, bonds, cash and alternatives, e.g. property, infrastructure, high yield bonds, floating rate debt, private, equity, hedge funds and currency. The bond fund and gilt fund are invested in index-linked gilts and corporate bonds. These investments are intended to provide a degree of protection against changes in the value of our plan’s liabilities related to changes in long-term expectations for interest rates and inflation expectations.
Table:
 |  | December 31, 2019 |  | 
 | Level 1 | Level 2 | Level 3 | Total
Multi-Asset Fund | $ — | $4,825 | $ — | $ 4,825
Diversified Growth Fund | — | 4,855 | — | 4,855
Index-Linked Gilts | — | 1,934 | — | 1,934
Corporate Bonds | — | 2,090 | — | 2,090
Insurance Contracts | — | — | 1,045 | 1,045
Cash | 154 | — | — | 154
Total | $154 | $13,704 | $1,045 | $14,903
 |  | December 31, 2018 |  | 
 | Level 1 | Level 2 | Level 3 | Total
Multi-Asset Fund | $ — | $4,570 | $— | $4,570
Diversified Growth Fund | — | 4,650 | — | 4,650
Index-Linked Gilts | — | 2,044 | — | 2,044
Corporate Bonds | — | 2,044 | — | 2,044
Insurance Contracts | — | — | 72 | 72
Cash | 53 | — | — | 53
Total | $53 | $13,308 | $72 | $13,433


Question: What were the funds that the company invested in in 2019?
Answer: multi-asset fund, diversified growth fund, index-linked gilt, corporate bonds, insurance contracts
The following table details the Company’s sales by operating segment for fiscal years ended September 30, 2019 and 2018. The Company’s sales by geographic area based on the location of where the products were shipped or services rendered are as follows:
Substantially all Americas amounts are United States.
Table:
2019 | Americas | Europe | Asia | Total | % of total
 |  | (Amounts in thousands) |  |  | 
TS | $67,728 | $3,285 | $646 | $71,159 | 90%
HPP | 5,294 | 771 | 1,837 | 7,902 | 10%
Total | $72,522 | $4,056 | $2,483 | $79,061 | 100%
% of total | 92% | 5% | 3% | 100% | 
2018 |  |  |  |  | 
TS | $52,034 | $9,059 | $1,344 | $62,437 | 86%
HPP | 8,424 | 1,266 | 789 | 10,479 | 14%
Total | $60,458 | $10,325 | $2,133 | $72,916 | 100%
% of total | 83% | 14% | 3% | 100% | 


Question: What is the percentage change in Asia sales between 2018 and 2019?
Answer: 16.41
Calculation: (2,483 - 2,133)/2,133
5.2 Employee share plans (continued)
FY2019, FY2018 & FY2017 offer under LTI Plan
Each LTI Plan share is offered subject to the achievement of the performance measure, which is tested once at the end of the performance period. The LTI Plans will be measured against one performance measure – relative Total Shareholder Return (TSR). LTI Plan shares that do not vest after testing of the relevant performance measure, lapse without retesting.
The shares will only vest if a certain Total Shareholder Return (TSR) relative to the designated comparator group, being the ASX Small Ordinaries Index excluding mining and energy companies, is achieved during the performance period. In relation to the offer, vesting starts where relative TSR reaches the 50th Percentile.
At the 50th Percentile, 50% of LTI Plan shares will vest. All LTI Plan shares will vest if relative TSR is above the 75th Percentile. Between these points, the percentage of vesting increases on a straight-line basis.
Summary of Shares issued under the FY2017 LTI Plan
The following table illustrates the number of, and movements in, shares issued during the year:
Table:
 | 2019 NUMBER | 2018 NUMBER
Outstanding at the beginning of the period | 768,806 | 3,384,696
Granted during the period | - | -
Forfeited during the period | (768,806) | (2,615,890)
Exercised during the period | - | -
Outstanding at the end of the period | - | 768,806


Question: In which year is the number of outstanding shares at the beginning of the period higher?
Answer: 2018
Calculation: Find the year with the higher number of outstanding shares at the beginning of the period
OTHER INCOME (EXPENSE), NET
The components of other income (expense), net were as follows:
We use derivative instruments to: manage risks related to foreign currencies, equity prices, interest rates, and credit; enhance investment returns; and facilitate portfolio diversification. Gains and losses from changes in fair values of derivatives that are not designated as hedging instruments are primarily recognized in other income (expense), net.
Fiscal Year 2019 Compared with Fiscal Year 2018 Interest and dividends income increased primarily due to higher yields on fixed-income securities. Interest expense decreased primarily driven by a decrease in outstanding long-term debt due to debt maturities, offset in part by higher finance lease expense. Net recognized gains on investments decreased primarily due to lower gains on sales of equity investments. Net gains on derivatives includes gains on foreign exchange and interest rate derivatives in the current period as compared to losses in the prior period.
Fiscal Year 2018 Compared with Fiscal Year 2017 Dividends and interest income increased primarily due to higher average portfolio balances and yields on fixed-income securities. Interest expense increased primarily due to higher average outstanding long-term debt and higher finance lease expense. Net recognized gains on investments decreased primarily due to higher losses on sales of fixed-income securities, offset in part by higher gains on sales of equity securities. Net losses on derivatives decreased primarily due to lower losses on equity, foreign exchange, and commodity derivatives, offset in part by losses on interest rate derivatives in the current period as compared to gains in the prior period.
Table:
(In millions) |  |  | 
Year Ended June 30, | 2019 | 2018 | 2017
Interest and dividends income | $    2,762 | $    2,214 | $   1,387
Interest expense | (2,686) | (2,733) | (2,222)
Net recognized gains on investments | 648 | 2,399 | 2,583
Net gains (losses) on derivatives | 144 | (187) | (510)
Net losses on foreign currency remeasurements | (82) | (218) | (111)
Other, net | (57) | (59) | (251)
Total | $  729 | $ 1,416 | $  876


Question: Why did interest and dividends income change from 2018 to 2019?
Answer: Interest and dividends income increased primarily due to higher yields on fixed-income securities.
14. DEFINED BENEFIT PLANS (Continued)
The information for plans with an accumulated benefit obligation in excess of plan assets is as follows (in thousands):
Table:
 | Fiscal year-end | 
 | 2019 | 2018
Projected benefit obligation | $60,437 | $51,499
Accumulated benefit obligation | 55,941 | 47,713
Fair value of plan assets | 12,997 | 12,486


Question: What was the percentage change in Fair value of plan assets from 2018 to 2019?
Answer: 4.09
Calculation: (12,997-12,486)/12,486
2. Employees
Please refer to the Report on Directors’ remuneration on pages 77 to 101 and note 38 of Notes to the consolidated financial statements on page 161 for disclosures relating to the emoluments, share incentives and long-term incentive interests and pensions of the Directors.
The average number of people employed by the Company during the year was:
Table:
 | 2019 | 2018
 | Number | Number
Manufacturing | 40 | 37
Product development | 54 | 50
Selling and marketing | 52 | 45
Administration | 32 | 30
 | 178 | 162


Question: What was the change in the average number of people employed by the company in 2019?
Answer: 16
Calculation: 178-162
Retirement-Related Plans
The following table provides the total pre-tax cost for all retirement-related plans. Total operating costs/(income) are included in the Consolidated Income Statement within the caption (e.g., Cost, SG&A, RD&E) relating to the job function of the plan participants.
Total pre-tax retirement-related plan cost decreased by $994 million compared to 2018, primarily driven by a decrease in recognized actuarial losses ($1,123 million), primarily due to the change in the amortization period in the U.S. Qualified Personal Pension Plan and higher expected return on plan assets ($143 million), partially offset by higher interest costs ($203 million).
As discussed in the “Operating (non-GAAP) Earnings” section, we characterize certain retirement-related costs as operating and others as non-operating. Utilizing this characterization, operating retirement-related costs in 2019 were $1,457 million, a decrease of $37 million compared to 2018. Non-operating costs of $615 million in 2019 decreased $957 million year to year, driven primarily by the same factors as above.
Table:
($ in millions) |  |  | 
For the year ended December 31: | 2019 | 2018 | Yr.-to-Yr. Percent Change
Retirement-related plans—cost |  |  | 
Service cost | $385 | $431 | (10.7)%
Multi-employer plans | 32 | 38 | (16.9)
Cost of defined contribution plans | 1,040 | 1,024 | 1.5
Total operating costs/ (income) | $1,457 | $1,494 | (2.5)%
Interest cost | $2,929 | $2,726 | 7.4%
Expected return on plan assets | (4,192) | (4,049) | 3.5
Recognized actuarial losses | 1,819 | 2,941 | (38.2)
Amortization of prior service costs/(credits) | (9) | (73) | (87.6)
Curtailments/settlements | 41 | 11 | 262.2
Other costs | 28 | 16 | 76.2
Total non-operating costs/(income) | $615 | $1,572 | (60.9)%
Total retirement-related plans—cost | $2,072 | $3,066 | (32.4)%


Question: What was the average interest cost?
Answer: 2827.5
Calculation: (2,929 + 2,726) / 2
Key Performance Indicators
Key performance indicators, which we do not consider to be non-GAAP measures, that we use to evaluate our business, measure our performance, identify trends affecting our business, formulate financial projections and make strategic decisions include Monthly Recurring Revenue ("MRR") and Gross Merchandise Volume ("GMV"). Our key performance indicators may be calculated in a manner different than similar key performance indicators used by other companies.
The following table shows MRR and GMV for the years ended December 31, 2019 and 2018.
Table:
 | Years ended December 31, | 
 | 2019 | 2018
 | (in thousands) | 
Monthly Recurring Revenue | $53,898 | $40,932
Gross Merchandise Volume | $61,138,457 | $41,103,238


Question: What is the change between 2018 and 2019 year ended's monthly recurring revenue ?
Answer: 12966
Calculation: 53,898-40,932
11 Dividends
The proposed dividend is subject to approval in 2020. It is therefore not included as a liability in these Financial Statements. No scrip alternative to the cash dividend is being offered in respect of the proposed final dividend for the year ended 31st December 2019.
Table:
 | 2019 | 2018
 | £m | £m
Amounts paid in the year: |  | 
Final dividend for the year ended 31st December 2018 of 71.0p (2017: 62.0p) per share | 52.3 | 45.7
Interim dividend for the year ended 31st December 2019 of 32.0p (2018: 29.0p) per share | 23.6 | 21.3
Total dividends paid | 75.9 | 67.0
Amounts arising in respect of the year: |  | 
Interim dividend for the year ended 31st December 2019 of 32.0p (2018: 29.0p) per share | 23.6 | 21.3
Proposed final dividend for the year ended 31st December 2019 of 78.0p (2018: 71.0p) per share | 57.5 | 52.3
Total dividends arising | 81.1 | 73.6


Question: What is the Total dividends paid for 2019?
Answer: 75.9