hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
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 change in the numerator net loss from 2018 to 2019?
Answer: 486.1
Calculation: 566.9-80.8
The Group has non-current borrowing facilities denominated in Australian Dollars (“AUD”) and New Zealand Dollars (“NZD”). All facilities are interest only facilities with any drawn balances payable at maturity. Drawn amounts and facility limits are as follows:
The major terms of these agreements are as follows: • Maturity dates on the facilities range from 23 July 2020 to 23 December 2026 (2018: 23 July 2019 to 23 December 2026). • The interest rate applied is the bank bill rate plus a margin depending on the gearing ratio. • Security has been granted over the Group's freehold investment properties.
The Group has a bank overdraft facility with a limit of $3m that was undrawn at 30 June 2019 and 30 June 2018. During the year ended 30 June 2019, the Group converted an existing AUD facility of $25m into an NZD facility of $25.75m, refinanced part of the existing debt facilities, and increased its club banking facilities by AUD $100m and NZD $50m (year ended 30 June 2018 facilities increased by $150m AUD and $25m NZD).
The Group have complied with the financial covenants of their borrowing facilities during the 2019 and 2018 reporting periods (see note 16). The fair value of borrowings approximates carrying value. Details of the exposure to risk arising from current and non-current borrowings are set out in note 15.
Table:
 | 2019 | 2018
 | $'000 | $'000
Bank finance facilities (AUD) |  | 
Drawn amount | 663,800 | 520,300
Facility limit | 680,000 | 605,000
Bank finance facilities (NZD) |  | 
Drawn amount | 192,250 | 87,500
Facility limit | 196,750 | 121,000
AUD equivalent of NZD facilities |  | 
Drawn amount | 184,038 | 80,048
Facility limit | 188,346 | 110,696


Question: What is the range of maturity dates on the facilities in 2018?
Answer: 23 July 2019 to 23 December 2026
20. DIVIDENDS
A regular dividend of 3 cents per share has been declared. This final dividend of 3 cents per share, partially franked to 2.6 cents per share, was announced to the market on 23 August 2019. The amount declared has not been recognised as a liability in the accounts of Hansen Technologies Ltd as at 30 June 2019.
1. The final dividend paid of 4 cents per share, franked to 4 cents, comprised of an ordinary dividend of 3 cents per share, together with a special dividend of 1 cent per share.
The above available amounts are based on the balance of the dividend franking account at year end adjusted for: • franking credits that will arise from the payment of any current tax liability; • franking debits that will arise from the payment of any dividends recognised as a liability at year end; • franking credits that will arise from the receipt of any dividends recognised as receivables at year end; and • franking credits that the entity may be prevented from distributing in subsequent years.
Table:
 | 2019 | 2018
 | $’000 | $’000
Dividends paid during the year (net of dividend re-investment) |  | 
4 cent per share final dividend paid 27 September 2018 – fully franked1 | 7,319 | 
3 cent per share final dividend paid 30 September 2017 – fully franked |  | 5,175
3 cent per share interim dividend paid 29 March 2019 – fully franked | 5,318 | 
3 cent per share interim dividend paid 29 March 2018 – fully franked |  | 5,217
 | 12,637 | 10,392
Proposed dividend not recognised at the end of the year | 5,922 | 7,865
Dividends franking account |  | 
30% franking credits, on a tax paid basis, are available to shareholders of Hansen Technologies Ltd for subsequent financial years | 1,586 | 3,125


Question: What was the final dividend of 4 cents per share comprised of?
Answer: 1. The final dividend paid of 4 cents per share, franked to 4 cents, comprised of an ordinary dividend of 3 cents per share, together with a special dividend of 1 cent per share.
NOTE 19 – DERIVATIVE FINANCIAL INSTRUMENTS
Please refer to note 21 “Financial Instruments” for further information on fair value hierarchies.
Table:
USDm | 2019 | 2018
Fair value of derivatives: |  | 
Derivative financial instruments regarding freight and bunkers: |  | 
Forward freight agreements | -0.3 | 0.5
Bunker swaps | - | -1.2
Derivative financial instruments regarding interest and currency exchange rate: |  | 
Forward exchange contracts | -0.4 | -1.8
Interest rate swaps | -11.1 | 2.8
Fair value of derivatives as of 31 December | -11.8 | 0.3


Question: In which year was the amount of forward exchange contracts larger?
Answer: 2018
Calculation: |1.8|>|0.4|
Backlog
As reflected in the table above, total backlog decreased $663.5 million from September 30, 2018 to September 30, 2019. The decrease in backlog is primarily due to progression of work in 2019 on four large contracts awarded to CTS in fiscal 2018. In addition, we recorded a net decrease to backlog of $104.5 million on October 1, 2018 for the impact of the adoption of ASC 606. Changes in exchange rates between the prevailing currency in our foreign operations and the U.S. dollar as of September 30, 2019 decreased backlog by $79.7 million compared to September 30, 2018.
Table:
 | September 30,    | September 30,    
 | 2019 | 2018
 |  | (in millions)   
Total backlog     |  | 
Cubic Transportation Systems | $  2,953.3 | $  3,544.9
Cubic Mission Solutions | 103.7 | 77.0
Cubic Global Defense | 344.0 | 442.6
Total   | $  3,401.0 | $  4,064.5


Question: How many segments are there under Total Backlog?
Answer: 3
Calculation: Cubic Transportation Systems##Cubic Mission Solutions##Cubic Global Defense
Income from Equity Investees
Marine Services: Income from equity investees within our Marine Services segment for the year ended December 31, 2019 decreased $14.1 million to $5.6 million from $19.7 million for the year ended year ended December 31, 2018. The decrease was driven by HMN, due to lower revenues on large turnkey projects underway than in the comparable period.
The equity investment in HMN has contributed $5.0 million and $12.7 million in income from equity investees for the years ended December 31, 2019 and 2018, respectively. Further contributing to the reduction in income were losses at SBSS from a loss contingency related to ongoing legal disputes and lower vessel utilization.
Life Sciences: Loss from equity investees within our Life Sciences segment for the year ended December 31, 2019 decreased $0.6 million to $3.4 million from $4.0 million for the year ended December 31, 2018. The decrease in losses were largely due to lower equity method losses recorded from our investment in MediBeacon due to the timing of clinical trials and revenue from a licensing agreement which did not occur in the comparable periods.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | Increase / (Decrease)
Construction | $— | $ (0.2) | $ 0.2
Marine Services | 5.6 | 19.7 | (14.1)
Life Sciences | (3.4) | (4.0) | 0.6
Other | — | (0.1) | 0.1
Income from equity investees | $ 2.2 | $ 15.4 | $ (13.2)


Question: What is the average life sciences?
Answer: -3.7
Calculation: -(3.4 + 4.0) / 2
Fiscal 2018 Acquisitions
Allocation of the purchase consideration for acquisitions completed in fiscal 2018 is summarized as follows (in millions):
On July 31, 2017, we completed our acquisition of privately held Viptela Inc. (“Viptela”), a provider of software-defined wide area networking products. Revenue from the Viptela acquisition has been included in our Infrastructure Platforms product category.
On September 22, 2017, we completed our acquisition of privately held Springpath, Inc. (“Springpath”), a hyperconvergence software company. Revenue from the Springpath acquisition has been included in our Infrastructure Platforms product category.
On February 1, 2018, we completed our acquisition of publicly held BroadSoft, Inc. (“BroadSoft”), a cloud calling and contact center solutions company. Revenue from the BroadSoft acquisition has been included in our Applications product category.
On May 10, 2018, we completed our acquisition of privately held Accompany, a provider of an AI-driven relationship intelligence platform. Results from the Accompany acquisition has been included in our Applications product category.
The total purchase consideration related to our acquisitions completed during fiscal 2018 consisted of cash consideration and vested share-based awards assumed. The total cash and cash equivalents acquired from these acquisitions was approximately $187 million.
Table:
Fiscal 2018 | Purchase Consideration | Net Tangible Assets Acquired (Liabilities Assumed) | Purchased Intangible Assets | Goodwill
Viptela | $497 | $(18) | $180 | $335
Springpath | 248 | (11) | 160 | 99
BroadSoft | 2,179 | 353 | 430 | 1,396
Accompany | 222 | 6 | 55 | 161
Others (four in total) | 72 | 4 | 42 | 26
Total | $3,218 | $334 | $867 | $2,017


Question: What was the amount of Purchased Intangible Assets for Springpath?
Answer: 160
The reconciliation between U.S. federal income taxes at the statutory rate and income tax expense (benefit) was as follows:
(1) The U.S. federal statutory rate was 21% for fiscal 2019, 24.58% for fiscal 2018, and 35%
for fiscal 2017.
(2) Excludes items which are separately presented.
The income tax benefit for fiscal 2019 included a $216 million income tax benefit related to the tax impacts of certain measures of the Switzerland Federal Act on Tax Reform and AHV Financing (“Swiss Tax Reform”), a $90 million income tax benefit related to the effective settlement of a tax audit in a non-U.S. jurisdiction, and $15 million of income tax expense associated with the tax impacts of certain legal entity restructurings and intercompany transactions. See “Swiss Tax Reform” below for additional information regarding Swiss Tax Reform.
The income tax benefit for fiscal 2018 included a $1,222 million net income tax benefit associated with the tax impacts of certain legal entity restructurings and intercompany transactions that occurred in the quarter ended September 28, 2018. The net income tax benefit of $1,222 million related primarily to the recognition of certain non-U.S. loss carryforwards and basis differences in subsidiaries expected to be utilized against future taxable income, partially offset by a $46 million increase in the valuation allowance for certain U.S. federal tax credit carryforwards. The income tax benefit for fiscal 2018 also included $567 million of income tax expense related to the tax impacts of the Tax Cuts and Jobs Act (the “Act”) and a $61 million net income tax benefit related to the tax impacts of certain legal entity restructurings that occurred in the quarter ended December 29, 2017. See “Tax Cuts and Jobs Act” below for additional information regarding the Act.
The income tax expense for fiscal 2017 included a $52 million income tax benefit associated with the tax impacts of certain intercompany transactions and the corresponding reduction in the valuation allowance for U.S. tax loss carryforwards, a $40 million income tax benefit related to share-based payments and the adoption of ASU No. 2016-09, and a $14 million income tax benefit associated with pre-separation tax matters.
Table:
 |  | Fiscal | 
 | 2019 | 2018 | 2017
 |  | (in millions) | 
Notional U.S. federal income tax expense at the statutory rate (1) | $ 406 | $ 551 | $ 602
Adjustments to reconcile to the income tax expense (benefit): |  |  | 
U.S. state income tax benefit, net | (5) | (7) | (4)
Tax law changes | 15 | 638 | 7
Tax credits | (22) | (8) | (8)
Non-U.S. net earnings(2) | (166) | (213) | (355)
Change in accrued income tax liabilities | (61) | 13 | 24
Valuation allowance | (163) | 33 | (1)
Legal entity restructuring and intercompany transactions | 3 | (1,329) | (40)
Excess tax benefits from share-based payments | (8) | (24) | (40)
Other | (14) | 2 | (5)
Income tax expense (benefit) | $ (15) | $ (344) | $ 180


Question: In which years was the income tax expense (benefit) calculated for?
Answer: 2019, 2018, 2017
* Recast to reflect segment changes.
** 2019 results were impacted by Red Hat purchase accounting and acquisition-related activity.
The Cloud & Cognitive Software gross profit margin decreased 0.9 points to 76.7 percent in 2019 compared to the prior year. The gross profit margin decline was driven by the purchase price accounting impacts from the Red Hat acquisition.
Pre-tax income of $7,952 million decreased 10.5 percent compared to the prior year with a pre-tax margin decline of 4.4 points to 30.6 percent which reflects the acquisition of Red Hat, ongoing investments in key strategic areas and lower income from IP partnership agreements.
Table:
($ in millions) |  |  | 
For thee year ended December 31: | 2019 | 2018* | Yr.-to-Yr. Percent/ Margin Change**
Cloud & Cognitive Software |  |  | 
External gross profit | $17,790 | $17,224 | 3.3%
External gross profit margin | 76.7% | 77.6% | (0.9)pts.
Pre-tax income | $ 7,952 | $ 8,882 | (10.5)%
Pre-tax margin | 30.6% | 35.0% | (4.4)pts.


Question: What was the increase / (decrease) in the Pre-tax income from 2018 to 2019?
Answer: -930
Calculation: 7,952 - 8,882
Balance sheet
Under IAS 12 Income Taxes, provision is made for the deferred tax assets and liabilities associated with the revaluation of assets and liabilities at the corporate tax rate expected to apply to the Group at the time the temporary differences are expected to reverse. For those UK assets and liabilities benefiting from REIT exemption the relevant tax rate will be 0 per cent (2018: 0 per cent), and for other UK assets and liabilities the relevant rate will be 19 per cent if the temporary difference is expected to be realised before 1 April 2020 and 17 per cent if it is expected to be realised on or after 1 April 2020 (2018: 19 per cent before 1 April 2020, 17 per cent thereafter). For Spanish assets and liabilities the relevant tax rate will be 25 per cent (2018: 25 per cent).
Movements in the provision for deferred tax:
The net deferred tax provision of £0.9 million predominantly arises in respect of the revaluation of development property at intu Costa del Sol, partially offset by associated tax losses.
Table:
£m | Investment and development property | Other temporary differences | Total
Provided deferred tax provision/(asset): |  |  | 
At 1 January 2018 | 24.6 | (0.9) | 23.7
Recognised in the income statement | (5.5) | (0.3) | (5.8)
Foreign exchange movements | 0.1 | – | 0.1
At 31 December 2018 | 19.2 | (1.2) | 18.0
Recognised in the income statement | (16.4) | (0.2) | (16.6)
Foreign exchange movements | (0.5) | – | (0.5)
At 31 December 2019 | 2.3 | (1.4) | 0.9


Question: What is the relevant tax rate for Spanish assets and liabilities?
Answer: 25 per cent
2. Property and equipment:
Property and equipment consisted of the following (in thousands):
Depreciation and amortization expense related to property and equipment and finance leases was $80.2 million, $81.2 million and $75.9 million, for 2019, 2018 and 2017, respectively.
The Company capitalizes the compensation cost of employees directly involved with its construction activities. In 2019, 2018 and 2017, the Company capitalized compensation costs of $10.7 million, $10.5 million and $9.7 million respectively. These amounts are included in system infrastructure costs.
Exchange agreement
In 2019, 2018 and 2017 the Company exchanged certain used network equipment and cash consideration for new network equipment. The fair value of the new network equipment received was estimated to be $3.3 million, $3.2 million and $9.1 million resulting in gains of $1.0 million, $1.0 million and $3.9 million respectively. The estimated fair value of the equipment received was based upon the cash consideration price the Company pays for the new network equipment on a standalone basis (Level 3).
Installment payment agreement
The Company has entered into an installment payment agreement (“IPA”) with a vendor. Under the IPA the Company may purchase network equipment in exchange for interest free note obligations each with a twenty-four month term. There are no payments under each note obligation for the first six months followed by eighteen equal installment payments for the remaining eighteen month term. As of December 31, 2019 and December 31, 2018, there was $12.5 million and $11.2 million, respectively, of note obligations outstanding under the IPA, secured by the related equipment. The Company recorded the assets purchased and the present value of the note obligation utilizing an imputed interest rate. The resulting discounts totaling $0.4 million and $0.4 million as of December 31, 2019 and December 31, 2018, respectively, under the note obligations are being amortized over the note term using the effective interest rate method.
Table:
 | December 31, | 
 | 2019 | 2018
Owned assets: |  | 
Network equipment | $566,936 | $538,761
Leasehold improvements | 227,388 | 214,495
System infrastructure | 134,726 | 124,018
Software | 10,035 | 9,963
Office and other equipment | 18,169 | 16,711
Building | 1,252 | 1,277
Land | 106 | 108
 | 958,612 | 905,333
Less—Accumulated depreciation and amortization | (790,033) | (736,356)
 | 168,579 | 168,977
Assets under finance leases: |  | 
IRUs | 408,170 | 395,170
Less—Accumulated depreciation and amortization | (207,820) | (188,822)
 | 200,350 | 206,348
Property and equipment, net | $368,929 | $375,325


Question: What are the respective values of system infrastructure in 2018 and 2019?
Answer: 124,018, 134,726
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 amount of finished goods in 2019?
Answer: 123
Plan Assets  The fair value of plan assets, summarized by level within the fair value hierarchy described in Note 20, as of May 26, 2019, was as follows:
Level 1 assets are valued based on quoted prices in active markets for identical securities. The majority of the Level 1 assets listed above include the common stock of both U.S. and international companies, mutual funds, master limited partnership units, and real estate investment trusts, all of which are actively traded and priced in the market.
Level 2 assets are valued based on other significant observable inputs including quoted prices for similar securities, yield curves, indices, etc. Level 2 assets consist primarily of individual fixed income securities where values are based on quoted prices of similar securities and observable market data.
Level 3 assets consist of investments where active market pricing is not readily available and, as such, fair value is estimated using significant unobservable inputs.
Certain assets that are measured at fair value using the NAV (net asset value) per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. Such investments are generally considered long-term in nature with varying redemption availability. For certain of these investments, with a fair value of approximately $51.0 million as of May 26, 2019, the asset managers have the ability to impose customary redemption gates which may further restrict or limit the redemption of invested funds therein. As of May 26, 2019, funds with a fair value of $4.2 million have imposed such gates.
As of May 26, 2019, we have unfunded commitments for additional investments of $48.3 million in private equity funds and $17.0 million in natural resources funds. We expect unfunded commitments to be funded from plan assets rather than the general assets of the Company.
Notes to Consolidated Financial Statements - (Continued) Fiscal Years Ended May 26, 2019, May 27, 2018, and May 28, 2017 (columnar dollars in millions except per share amounts)
Table:
 | Level 1 | Level 2 | Level 3 | Total
Cash and cash equivalents | $0.7 | $77.7 | $— | $78.4
Equity securities: |  |  |  | 
U.S. equity securities | 56.3 | 91.8 | — | 148.1
International equity securities | 87.8 | 0.4 | — | 88.2
Fixed income securities: |  |  |  | 
Government bonds | — | 748.3 | — | 748.3
Corporate bonds | — | 2,255.5 | — | 2,255.5
Mortgage-backed bonds | — | 31.1 | — | 31.1
Real estate funds | 0.4 | — | — | 0.4
Net receivables for unsettled transactions | 5.6 | — | — | 5.6
Fair value measurement of pension plan assets in the fair value hierarchy | $150.8 | $3,204.8 | $— | $3,355.6
Investments measured at net asset value |  |  |  | 245.9
Total pension plan assets |  |  |  | $3,601.5


Question: What is the proportion of total fixed income securities over total pension plan assets?
Answer: 0.84
Calculation: (748.3+2,255.5+31.1)/3,601.5
The 2019 operating expenses increased 3.9% compared to the prior year, mainly due to salary dynamic, increased spending in certain R&D programs and higher share-based compensation cost, partially offset by favorable currency effects, net of hedging.
The 2018 operating expenses increased 9.5% compared to the prior year, mainly due to unfavorable currency effects, net of hedging, salary dynamic, increased R&D activities and higher costs of the share-based compensation plans.
The R&D expenses were net of research tax credits in France and Italy, which amounted to $126 million in 2019, $138 million in 2018 and $124 million in 2017.
Table:
 | Year Ended December 31, | Year Ended December 31, | Year Ended December 31, | Variation | Variation
 | 2019 | 2018 | 2017 | 2019 vs 2018 | 2018 vs 2017
 | (In millions) | (In millions) | (In millions) |  | 
Selling, general and administrative expenses | $(1,093) | $(1,095) | $(981) | 0.3% | (11.7)%
Research and development expenses | (1,498) | (1,398) | (1,296) | (7.1) | (7.9)
Total operating expenses | $(2,591) | $(2,493) | $(2,277) | (3.9)% | (9.5)%
As percentage of net revenues | (27.1)% | (25.8)% | (27.3)% | -130 bps | +150 bps


Question: In 2018, what were the reasons for increase in operating expenses?
Answer: due to unfavorable currency effects, net of hedging, salary dynamic, increased R&D activities and higher costs of the share-based compensation plans.