hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
5. Goodwill and Purchased Intangible Assets
(a) Goodwill
The following tables present the goodwill allocated to our reportable segments as of July 27, 2019 and July 28, 2018, as well as the changes to goodwill during fiscal 2019 and 2018 (in millions):
“Other” in the tables above primarily consists of foreign currency translation as well as immaterial purchase accounting adjustments.
Table:
 | Balance at July 28, 2018 | Acquisitions & Divestitures | Other | Balance at July 27, 2019
Americas | $19,998 | $1,240 | $(118) | $21,120
EMEA | 7,529 | 486 | (38) | 7,977
APJC | 4,179 | 274 | (21) | 4,432
Total | $31,706 | $2,000 | $(177) | $33,529


Question: What was the change in balance from Americas between 2018 and 2019?
Answer: 1122
Calculation: 21,120-19,998
Return on invested capital
Return on invested capital (ROIC) is a measure of the return generated on capital invested by the Group. The measure provides a guide rail for longterm value creation and encourages compounding reinvestment within the business and discipline around acquisitions with low returns and long payback. ROIC is calculated as underlying operating profit after tax divided by the annual average of: goodwill, intangible assets, property, plant and equipment, net assets held for sale, inventories, trade and other current receivables, and trade payables and other current liabilities.
(a) Restated following adoption of IFRS 16. See note 1 and note 24 for further details.
(b) See reconciliation of operating profit to underlying operating profit on page 30.
(c) Tax on underlying operating profit is calculated as underlying operating profit before tax multiplied by underlying effective tax rate of 25.5% (2018: 25.7%) which is shown on page 30.
Table:
 | € million 2019 | € million 2018
 |  | (Restated)(a)
Underlying operating profit before tax(b) | 9,947 | 9,463
Tax on underlying operating profit(c) | (2,536) | (2,432)
Operating profit after tax | 7,411 | 7,031
Goodwill | 18,067 | 17,341
Intangible assets | 12,962 | 12,152
Property, plant and equipment | 12,062 | 12,088
Net assets held for sale | 81 | 108
Inventories | 4,164 | 4,301
Trade and other current receivables | 6,695 | 6,482
Trade payables and other current liabilities | (14,768) | (14,457)
Period-end invested capital | 39,263 | 38,015
Average invested capital for the period | 38,639 | 38,749
Return on average invested capital | 19.2% | 18.1%


Question: What is the percentage of tax on underlying operating profit before tax in 2019?
Answer: 25.5
Calculation: 2,536 / 9,947
The impact of product mix within our TS segment on gross margins for the fiscal years ended September 30 was as follows:
The overall TS segment gross margin as a percentage of sales remained the same in fiscal year 2019 when compared to fiscal year 2018. The $0.6 million increase in our TS segment product gross margins resulted from an increase in product revenues in the U.S. division, partially offset by a decrease in the U.K division. The $1.1 million.increase in the TS segment service gross margins primarily resulted from increased service revenues in the U.S. division.
Table:
 |  |  | 2018 |  | Increase | 
 | GM$ | GM% | GM$ | GM% | GM$ | GM%
 |  |  | (Dollar amount in thousands) |  |  | 
Products | $7,462 | 13% | $6,886 | 13% | $576 | -%
Services | 6,427 | 56% | 5,376 | 55% | 1,051 | 1
Total | $13,889 | 20% | $12,262 | 20% | 1,627 | -%


Question: How many product mixes does the company have?
Answer: 2
ADOPTION OF IFRS 16
Upon adoption of IFRS 16 on January 1, 2019, we recognized right-of-use assets of $2,257 million within property, plant and equipment, and lease liabilities of $2,304 million within debt, with an increase to our deficit of $19 million. These amounts were recognized in addition to assets under finance leases of $1,947 million and the corresponding finance lease liabilities of $2,097 million at December 31, 2018 under IAS 17. As a result, on January 1, 2019, our total right-of-use assets and lease liabilities amounted to $4,204 million and $4,401 million, respectively. The table below shows the impacts of adopting IFRS 16 on our January 1, 2019 consolidated statement of financial position.
BCE’s operating lease commitments at December 31, 2018 were $1,612 million. The difference between operating lease commitments at December 31, 2018 and lease liabilities of $2,304 million upon adoption of IFRS 16 at January 1, 2019, is due mainly to an increase of $1,122 million related to renewal options reasonably certain to be exercised, an increase of $112 million mainly related to non-monetary transactions and a decrease of ($542) million as a result of discounting applied to future lease payments, which was determined using a weighted average incremental borrowing rate of 3.49% at January 1, 2019.
Table:
 | DECEMBER 31, 2018 AS REPORTED | IFRS 16 IMPACTS | JANUARY 1, 2019 UPON ADOPTION OF IFRS 16
Prepaid expenses | 244 | (55) | 189
Other current assets | 329 | 9 | 338
Property, plant and equipment | 24,844 | 2,257 | 27,101
Other non-current assets | 847 | 17 | 864
Trade payables and other liabilities | 3,941 | (10) | 3,931
Debt due within one year | 4,645 | 293 | 4,938
Long-term debt | 19,760 | 2,011 | 21,771
Deferred tax liabilities | 3,163 | (7) | 3,156
Other non-current liabilities | 997 | (39) | 958
Deficit | (4,937) | (19) | (4,956)
Non-controlling interest | 326 | (1) | 325


Question: What is the amount of right-of-use assets recognized for property, plant and equipment under the adoption of IFRS 16 in 2019?
Answer: $2,257 million
A.3.8 Financial Services
Financial Services supports its customers’ investments with leasing solutions and equipment, project and structured financing in the form of debt and equity investments. Based on its comprehensive financing know-how and specialist technology expertise in
the areas of Siemens businesses, Financial Services provides financial
solutions for Siemens customers as well as other companies.
Financial Services again delivered strong earnings before taxes. While the equity business recorded higher results, the result from the debt business declined, amongst others due to higher credit hits. Total assets increased along with a growth in debt business and in part due to positive currency translation effects.
Financial Services is geared to Siemens’ industrial businesses and its markets. As such Financial Services is influenced by the business development of the markets served by our industrial businesses, among other factors. Financial Services will continue to focus its business scope on areas of intense domain know-how.
Table:
 |  | Fiscal year
(in millions of €) | 2019 | 2018
Earnings before taxes (EBT) | 632 | 633
ROE (after taxes) | 19.1 % | 19.7 %
 |  | Sep 30,
(in millions of €) | 2019 | 2018
Total assets | 29,901 | 27,628


Question: What is the increase / (decrease) in the Earnings before taxes from 2018 to 2019?
Answer: -1
Calculation: 632 - 633
Unaudited Pro Forma Financial Information
The pro forma financial information in the table below presents the combined results of operations for ACI and Speedpay as if the acquisition had occurred January 1, 2018. The pro forma information is shown for illustrative purposes only and is not necessarily indicative of future results of operations of the Company or results of operations of the Company that would have actually occurred had the transaction been in effect for the periods presented. This pro forma information is not intended to represent or be indicative of actual results had the acquisition occurred as of the beginning of each period, and does not reflect potential synergies, integration costs, or other such costs or savings.
Certain pro forma adjustments have been made to net income (loss) for the year ended December 31, 2019 and 2018, to give effect to estimated adjustments that remove the amortization expense on eliminated Speedpay historical identifiable intangible assets, add amortization expense for the value of acquired identified intangible assets (primarily acquired software, customer relationships, and trademarks), and add estimated interest expense on the Company’s additional Delayed Draw Term Loan and Revolving Credit Facility borrowings. Additionally, certain transaction expenses that are a direct result of the acquisition have been excluded from the year ended December 31, 2019.
The following is the unaudited summarized pro forma financial information for the periods presented (in thousands, except per share data):
Walletron
On May 9, 2019, the Company also completed the acquisition of Walletron, which delivers patented mobile wallet technology. The Company has included the financial results of Walletron in the consolidated financial statements from the date of acquisition, which were not material.
RevChip and TranSend
On October 1, 2019, the Company acquired certain technology assets of RevChip, LLC ("RevChip") and TranSend Integrated Technologies Inc. ("TranSend") for a combined $7.0 million. As substantially all of the value was in the developed technology, the purchase was recognized as an asset acquisition. The Company has included the financial results of RevChip and TranSend in the consolidated financial statements from the date of acquisition, which were not material.
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Pro forma revenue | $1,382,957 | $1,361,729
Pro forma net income | $82,003 | $88,428
Pro forma income per share: |  | 
Basic | $ 0.71 | $ 0.76
Diluted | $ 0.69 | $ 0.75


Question: What was the change in pro forma net income between 2018 and 2019?
Answer: -6425
Calculation: $82,003-$88,428
8. Financing Receivables and Operating Leases
(a) Financing Receivables
Financing receivables primarily consist of lease receivables, loan receivables, and financed service contracts. Lease receivables represent sales-type and direct-financing leases resulting from the sale of Cisco’s and complementary third-party products and are typically collateralized by a security interest in the underlying assets. Lease receivables consist of arrangements with terms of four years on average. Loan receivables represent financing arrangements related to the sale of our hardware, software, and services, which may include additional funding for other costs associated with network installation and integration of our products and services. Loan receivables have terms of three years on average. Financed service contracts include financing receivables related to technical support and advanced services. Revenue related to the technical support services is typically deferred and included in deferred service revenue and is recognized ratably over the period during which the related services are to be performed, which typically ranges from one to three years.
A summary of our financing receivables is presented as follows (in millions):
Table:
July 27, 2019 | Lease Receivables | Loan Receivables | Financed Service Contracts | Total
Gross | $2,367 | $5,438 | $2,369 | $10,174
Residual value | 142 | — | — | 142
Unearned income | (137) | — | — | (137)
Allowance for credit loss | (46) | (71) | (9) | (126)
Total, net  . | $2,326 | $5,367 | $2,360 | $10,053
Reported as: |  |  |  | 
Current . | $1,029 | $2,653 | $1,413 | $5,095
Noncurrent | 1,297 | 2,714 | 947 | 4,958
Total, net  . | $2,326 | $5,367 | $2,360 | $10,053


Question: What did financing receivables primarily consist of?
Answer: lease receivables, loan receivables, and financed service contracts.
Section D: People
This section provides information about our employee benefit obligations, including annual leave, long service leave and post-employment benefits. It also includes details about our share plans and the compensation paid to Key Management Personnel.
15. EMPLOYEE BENEFITS.
1. Included within current provisions in the statement of financial position.
2. Included within non-current provisions in the statement of financial position.
Employee benefits liability
Employee benefits liability represents amounts provided for annual leave and long service leave. The current portion for this provision includes the total amount accrued for annual leave entitlements and the amounts accrued for long service leave entitlements that have vested due to employees having completed the required period of service.
Based on past experience, the Group does not expect the full amount of annual leave or long service leave balances classified as current liabilities to be settled within the next 12 months. These amounts are presented as current liabilities since the Group does not have an unconditional right to defer the settlement of these amounts in the event employees wish to use their leave entitlement.
Table:
 | 2019 | 2018
 | $’000 | $’000
Current employee benefits1 | 13,859 | 12,710
Non-current employee benefits2 | 189 | 675
Total employee benefits liability | 14,048 | 13,385


Question: What was the total employee benefits liability in 2018?
Answer: 13,385
projected payments relating to these liabilities for the next five years ending december 31 , 2012 and the period from 2013 to 2017 are as follows ( in thousands ) : .

Table:
2008 | $ 980
2009 | 1185
2010 | 978
2011 | 1022
2012 | 1425
2013 - 2017 | $ 8147
( 18 ) concentration of risk the company generates a significant amount of revenue from large customers , however , no customers accounted for more than 10% ( 10 % ) of total revenue or total segment revenue in the years ended december 31 , 2007 , 2006 and 2005 .
financial instruments that potentially subject the company to concentrations of credit risk consist primarily of cash equivalents and trade receivables .
the company places its cash equivalents with high credit quality financial institutions and , by policy , limits the amount of credit exposure with any one financial institution .
concentrations of credit risk with respect to trade receivables are limited because a large number of geographically diverse customers make up the company 2019s customer base , thus spreading the trade receivables credit risk .
the company controls credit risk through monitoring procedures .
( 19 ) segment information upon completion of the certegy merger , the company implemented a new organizational structure , which resulted in a new operating segment structure beginning with the reporting of first quarter 2006 results .
effective as of february 1 , 2006 , the company 2019s operating segments are tps and lps .
this structure reflects how the businesses are operated and managed .
the primary components of the tps segment , which includes certegy 2019s card and check services , the financial institution processing component of the former financial institution software and services segment of fis and the operations acquired from efunds , are enterprise solutions , integrated financial solutions and international businesses .
the primary components of the lps segment are mortgage information services businesses , which includes the mortgage lender processing component of the former financial institution software and services segment of fis , and the former lender services , default management , and information services segments of fis .
fidelity national information services , inc .
and subsidiaries and affiliates notes to consolidated and combined financial statements 2014 ( continued ) .

Question: what is the growth rate in projected payments from 2009 to 2010?
Answer: -17.5%
Calculation: subtract(978, 1185), divide(#0, 1185)
part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities market price of and dividends on the registrant 2019s common equity and related stockholder matters market information . our class a common stock is quoted on the nasdaq global select market under the symbol 201cdish . 201d the high and low closing sale prices of our class a common stock during 2014 and 2013 on the nasdaq global select market ( as reported by nasdaq ) are set forth below. .

Table:
2014 | high | low
first quarter | $ 62.42 | $ 54.10
second quarter | 65.64 | 56.23
third quarter | 66.71 | 61.87
fourth quarter | 79.41 | 57.96
2013 | high | low
first quarter | $ 38.02 | $ 34.19
second quarter | 42.52 | 36.24
third quarter | 48.09 | 41.66
fourth quarter | 57.92 | 45.68
as of february 13 , 2015 , there were approximately 8208 holders of record of our class a common stock , not including stockholders who beneficially own class a common stock held in nominee or street name .
as of february 10 , 2015 , 213247004 of the 238435208 outstanding shares of our class b common stock were beneficially held by charles w .
ergen , our chairman , and the remaining 25188204 were held in trusts established by mr .
ergen for the benefit of his family .
there is currently no trading market for our class b common stock .
dividends .
on december 28 , 2012 , we paid a cash dividend of $ 1.00 per share , or approximately $ 453 million , on our outstanding class a and class b common stock to stockholders of record at the close of business on december 14 , 2012 .
while we currently do not intend to declare additional dividends on our common stock , we may elect to do so from time to time .
payment of any future dividends will depend upon our earnings and capital requirements , restrictions in our debt facilities , and other factors the board of directors considers appropriate .
we currently intend to retain our earnings , if any , to support future growth and expansion , although we may repurchase shares of our common stock from time to time .
see further discussion under 201citem 7 .
management 2019s discussion and analysis of financial condition and results of operations 2013 liquidity and capital resources 201d in this annual report on form 10-k .
securities authorized for issuance under equity compensation plans .
see 201citem 12 .
security ownership of certain beneficial owners and management and related stockholder matters 201d in this annual report on form 10-k. .

Question: what is the grow rate in the price of class a common stock in the fourth quarter of 2014 compare to the same quarter of 2013 , if we take into accounting the highest prices in both periods?
Answer: 37.1%
Calculation: subtract(79.41, 57.92), divide(#0, 57.92)
10. Geographic information:
Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing the Company’s performance. The Company has one operating segment. Revenues are attributed to regions based on where the services are provided. Below are the Company’s service revenues and long lived assets by geographic region (in thousands):
Table:
Year Ended December 31, 2019 Revenues | On-net | Off-net | Non-core | Total
North America | $319,330 | $131,815 | $422 | $451,567
Europe | 72,320 | 16,323 | 53 | 88,696
Asia Pacific | 4,615 | 778 | — | 5,393
Latin America | 488 | 15 | — | 503
Total | $396,753 | $148,931 | $475 | $546,159
Year Ended December 31, 2018 Revenues | On-net | Off-net | Non-core | Total
North America | $299,021 | $128,510 | $572 | $428,103
Europe | 72,958 | 15,918 | 62 | 88,938
Asia Pacific | 2,562 | 576 | — | 3,138
Latin America | 14 | — | — | 14
Total | $374,555 | $145,004 | $634 | $520,193
Year Ended December 31, 2017 Revenues | On-net | Off-net | Non-core | Total
North America | $278,714 | $122,683 | $797 | $402,194
Europe | 66,588 | 14,867 | 41 | 81,496
Asia Pacific | 1,143 | 342 | — | 1,485
Total | $346,445 | $137,892 | $838 | $485,175


Question: What is the value of the revenue from the off-net segment from North America as a percentage of the total revenue earned in North America in 2019?
Answer: 32.77
Calculation: 131,815/402,194
Unaudited Pro Forma Financial Information
The unaudited pro forma financial information in the table below summarizes the combined results of operations for Oracle, Aconex and certain other companies that we acquired since the beginning of fiscal 2018 that were considered relevant for the purposes of unaudited pro forma financial information disclosure as if the companies were combined as of the beginning of fiscal 2018. The unaudited pro forma financial information for all periods presented included the business combination accounting effects resulting from these acquisitions, including amortization charges from acquired intangible assets (certain of which are preliminary), stock-based compensation charges for unvested restricted stock-based awards and stock options assumed, if any, and the related tax effects as though the aforementioned companies were combined as of the beginning of fiscal 2018. The unaudited pro forma financial information as presented below is for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved if the acquisitions had taken place at the beginning of fiscal 2018 or 2019.
The unaudited pro forma financial information for fiscal 2019 presented the historical results of Oracle for fiscal 2019 and certain other companies that we acquired since the beginning of fiscal 2019 based upon their respective previous reporting periods and the dates these companies were acquired by us, and the effects of the pro forma adjustments listed above.
The unaudited pro forma financial information for fiscal 2018 combined the historical results of Oracle for fiscal 201 8 and the historical results of Aconex for the twelve month period ended December 31, 2017 (adjusted due to differences in reporting periods and considering the date we acquired Aconex) and certain other companies that we acquired since the beginning of fiscal 201 8 based upon their respective previous reporting periods and the dates these companies were acquired by us, and the effects of the pro forma adjustments listed above. The unaudited pro forma financial information was as follows:
Table:
 | Year Ended May 31, | 
(in millions, except per share data) | 2019 | 2018
Total revenues | $39,512 | $39,546
Net income | $11,076 | $3,500
Basic earnings per share | $3.05 | $0.85
Diluted earnings per share | $2.97 | $0.83


Question: What was the average diluted earnings per share over a 2 year period from 2018 to 2019?
Answer: 1.9
Calculation: (0.83+2.97)/2
Results of Operations
The following table sets forth, as a percentage of total revenues, the results from our operations for the periods indicated.
Table:
 | 2019 | 2018
Revenues | 100.0% | 100.0%
Cost of revenues | 10.6 | 11.0
Gross profit | 89.4 | 89.0
Operating expenses: |  | 
Sales and marketing | 54.2 | 52.6
Product development | 6.2 | 8.1
General and administrative | 20.5 | 20.9
Total operating expenses | 80.9 | 81.6
Income from operations | 8.5 | 7.4
Other income (loss), net | (0.5) | —
Income before income taxes | 8.0 | 7.4
Income tax expense | 4.3 | 3.2
Net income | 3.7% | 4.2%


Question: What is the income from operations for 2019 and 2018 respectively as a percentage of total revenues?
Answer: 8.5, 7.4
General and Administrative Expenses: General and administrative expenses primarily consist of personnel related expenditures for IT, finance, legal and human resources support functions; and professional services fees.
(1) Excluding stock-based compensation
Excluding the effects of currency rate fluctuations, total general and administrative expenses increased in fiscal 2019 compared to fiscal 2018 primarily due to increased professional services fees
Table:
Year Ended May 31, |  |  |  | 
 |  |  | Percent Change | 
(Dollars in millions) | 2019 | Actual | Constant | 2018
General and administrative (1) | $1,093 | -1% | 2% | $1,102
Stock-based compensation | 172 | -5% | -5% | 180
Total expenses | $1,265 | -1% | 1% | $1,282
% of Total Revenues | 3% |  |  | 3%


Question: What was the average general and administrative expenses for 2019 and 2018? 
Answer: 1097.5
Calculation: (1,093 + 1,102) / 2