hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
On a sequential basis, ADG revenues were up 3.3%, driven by an increase in volumes of approximately 8%, partially offset by a decrease in average selling prices of approximately 5%, mostly attributable to product mix.
AMS revenues increased 12.1% driven by Analog and Imaging products. AMS increase was due to an increase of approximately 5% in average selling prices, entirely due to product mix, and to higher volumes of approximately of 7%.
MDG revenues increased by 7.9%, mainly driven by Microcontrollers, due to both higher average selling prices of approximately 6%, entirely due to product mix, and higher volumes of approximately 2%.
On a year-over-year basis, fourth quarter net revenues increased by 4.0%. ADG revenues decreased 4.5% compared to the year-ago quarter on lower revenues in both Automotive and Power Discrete. The decrease was entirely due to lower average selling prices of approximately 4%, while volumes remained substantially flat. The decrease in average selling prices was a combination of less favorable product mix and lower selling prices.
AMS fourth quarter revenues grew 9.9% year-over-year, mainly driven by Analog and Imaging. The increase was entirely due to higher average selling prices of approximately 18%, entirely attributable to product mix,
partially offset by lower volumes of approximately 8%. MDG fourth quarter revenues increased by 7.6%, mainly driven by Microcontrollers. The increase was due to higher average selling prices of approximately 9%,
entirely due to improved product mix.
Table:
 |  | Three Months Ended |  | % Variation | 
 | December 31, 2019 | September 29, 2019 | December 31, 2018 | Sequential | Year-Over-Year
 |  |  | (Unaudited, in millions) |  | 
Automotive and Discrete Group (ADG) | $924 | $894 | $967 | 3.3% | (4.5)%
Analog, MEMS and Sensors Group (AMS) | 1,085 | 968 | 988 | 12.1 | 9.9
Microcontrollers and Digital ICs Group (MDG) | 742 | 688 | 689 | 7.9 | 7.6
Others | 3 | 3 | 4 | — | —
Total consolidated net revenues | $2,754 | $2,553 | $2,648 | 7.9% | 4.0%


Question: What led to increase in the revenue of MDG on sequential basis?
Answer: driven by Microcontrollers, due to both higher average selling prices of approximately 6%, entirely due to product mix, and higher volumes of approximately 2%.
Total Shareholder Return Awards
During the years ended December 31, 2019, 2018, and 2017, pursuant to the 2016 Incentive Plan, the Company granted total shareholder return awards (“TSRs”). TSRs are performance shares that are earned, if at all, based upon the Company’s total shareholder return as compared to a group of peer companies over a three-year performance period. The award payout can range from 0% to 200%. To determine the grant date fair value of the TSRs, a Monte Carlo simulation model is used. The Company recognizes compensation expense for the TSRs over a three-year performance period based on the grant date fair value.
The grant date fair value of the TSRs was estimated using the following weighted-average assumptions:
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Expected life (years) | 2.8 | 2.9 | 2.9
Interest rate | 2.5% | 2.4% | 1.5%
Volatility | 29.3% | 28.0% | 26.5%
Expected dividend yield | — | — | —


Question: What was the change in Volatility between 2017 and 2018?
Answer: 1.5
Calculation: 28.0%-26.5%
table of contents the following table discloses purchases of shares of our common stock made by us or on our behalf during the fourth quarter of 2017 . period total number of shares purchased average price paid per share total number of shares not purchased as part of publicly announced plans or programs ( a ) total number of shares purchased as part of publicly announced plans or programs approximate dollar value of shares that may yet be purchased under the plans or programs ( b ) .

Table:
period | total numberof sharespurchased | averageprice paidper share | total number ofshares notpurchased as part ofpublicly announcedplans or programs ( a ) | total number ofshares purchased aspart of publiclyannounced plans orprograms | approximate dollarvalue of shares thatmay yet be purchasedunder the plans orprograms ( b )
october 2017 | 515762 | $ 77.15 | 292145 | 223617 | $ 1.6 billion
november 2017 | 2186889 | $ 81.21 | 216415 | 1970474 | $ 1.4 billion
december 2017 | 2330263 | $ 87.76 | 798 | 2329465 | $ 1.2 billion
total | 5032914 | $ 83.83 | 509358 | 4523556 | $ 1.2 billion
( a ) the shares reported in this column represent purchases settled in the fourth quarter of 2017 relating to ( i ) our purchases of shares in open-market transactions to meet our obligations under stock-based compensation plans , and ( ii ) our purchases of shares from our employees and non-employee directors in connection with the exercise of stock options , the vesting of restricted stock , and other stock compensation transactions in accordance with the terms of our stock-based compensation plans .
( b ) on september 21 , 2016 , we announced that our board of directors authorized our purchase of up to $ 2.5 billion of our outstanding common stock ( the 2016 program ) with no expiration date .
as of december 31 , 2017 , we had $ 1.2 billion remaining available for purchase under the 2016 program .
on january 23 , 2018 , we announced that our board of directors authorized our purchase of up to an additional $ 2.5 billion of our outstanding common stock with no expiration date. .

Question: by what percentage did the share price increase from october to november 2017?
Answer: 5.3%
Calculation: subtract(81.21, 77.15), divide(#0, 77.15)
Systems revenue of $8,034 million decreased 2.0 percent year to year as reported (2 percent adjusted for currency) driven by strong IBM Z performance in 2017 and continued price pressures impacting Storage Systems in a competitive environment.
Both hardware platforms were down year to year for the full year, as reported and adjusted for currency. This performance was partially offset by strong growth in Power Systems (which grew as reported and adjusted for currency in 2018) with strong performance in POWER9-based systems and Linux throughout the year. Within Systems, cloud revenue of $3.1 billion decreased 10 percent as reported and adjusted for currency compared to the prior year reflecting IBM Z product cycle dynamics.
Table:
($ in millions) |  |  |  | 
For the year ended December 31: | 2018 |  | Yr.-to-Yr. Percent Change | Yr.-to-Yr. Percent Change Adjusted for Currency
Systems external revenue | $8,034 | $8,194 | (2.0)% | (2.3)%
Systems Hardware | $6,363 | $6,494 | (2.0)% | (2.3)%
IBM Z |  |  | (5.4) | (5.6)
Power Systems |  |  | 8.8 | 8.7
Storage Systems |  |  | (5.5) | (5.9)
Operating Systems Software | 1,671 | 1,701 | (1.7) | (2.4)


Question: What is the increase/ (decrease) in the value of Systems Hardware from 2017 to 2018
Answer: -131
Calculation: 6,363-6,494
(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: Since when has Mr. Manzi not been a part of the supervisory board?
Answer: May 23, 2019
Acquisition of AFP
On August 1, 2018, the Company acquired AFP, Inc., a privately held fabricator of foam, corrugated, molded pulp and wood packaging solutions, to join its Product Care division. This acquisition expands our protective packaging offerings in the electronic, transportation and industrial markets with custom engineered applications. We acquired 100% of AFP shares for an estimated consideration of $74.1 million, excluding $3.3 million of cash acquired.
The following table summarizes the consideration transferred to acquire AFP and the final allocation of the purchase price among the assets acquired and liabilities assumed.
Table:
 | Preliminary | Measurement | 
 | Allocation | Period | Final Allocation
(In millions) | As of August 1, 2018 | Adjustments | As of September 30, 2019
Total consideration transferred | $ 70.8 | $ 3.3 | $ 74.1
Assets: |  |  | 
Cash and cash equivalents | 2.9 | 0.4 | 3.3
Trade receivables, net | 30.8 | — | 30.8
Inventories, net | 7.1 | — | 7.1
Prepaid expenses and other current assets | 0.7 | — | 0.7
Property and equipment, net | 3.5 | (0.4) | 3.1
Identifiable intangible assets, net | 18.6 | 0.7 | 19.3
Goodwill | 21.6 | 1.0 | 22.6
Other non-current assets | 0.7 | (0.4) | 0.3
Total assets | $ 85.9 | $ 1.3 | $ 87.2
Liabilities: |  |  | 
Current portion of long-term debt | — | 0.1 | 0.1
Accounts payable | 13.8 | (2.2) | 11.6
Other current liabilities | 1.3 | (0.1) | 1.2
Long-term debt, less current portion | — | 0.2 | 0.2
Total liabilities | $ 15.1 | $ (2.0) | $ 13.1


Question: What company was acquired in 2018?
Answer: AFP, Inc.
schlumberger limited and subsidiaries shares of common stock ( stated in millions ) issued in treasury shares outstanding .

Table:
 | issued | in treasury | shares outstanding
balance january 1 2009 | 1334 | -140 ( 140 ) | 1194
shares sold to optionees less shares exchanged | 2013 | 4 | 4
vesting of restricted stock | 2013 | 1 | 1
shares issued under employee stock purchase plan | 2013 | 4 | 4
stock repurchase program | 2013 | -8 ( 8 ) | -8 ( 8 )
balance december 31 2009 | 1334 | -139 ( 139 ) | 1195
acquisition of smith international inc . | 100 | 76 | 176
shares sold to optionees less shares exchanged | 2013 | 6 | 6
shares issued under employee stock purchase plan | 2013 | 3 | 3
stock repurchase program | 2013 | -27 ( 27 ) | -27 ( 27 )
issued on conversions of debentures | 2013 | 8 | 8
balance december 31 2010 | 1434 | -73 ( 73 ) | 1361
shares sold to optionees less shares exchanged | 2013 | 6 | 6
vesting of restricted stock | 2013 | 1 | 1
shares issued under employee stock purchase plan | 2013 | 3 | 3
stock repurchase program | 2013 | -37 ( 37 ) | -37 ( 37 )
balance december 31 2011 | 1434 | -100 ( 100 ) | 1334
see the notes to consolidated financial statements .

Question: what was the total of shares ( millions ) issued to employees in the 3 year period?
Answer: 26
Calculation: add(4, 4), add(#0, 6), add(#1, 3), add(#2, 6), add(#3, 3)
NET INCOME (LOSS) PER COMMON SHARE
Basic net income (loss) per common share is based upon the weighted-average number of common shares outstanding. Diluted net income (loss) per common share is based on the weighted-average number of common shares outstanding and potentially dilutive common shares outstanding and computed as follows:
* For the twelve months ended December 31, 2018, the diluted earnings per common share included the weighted average effect of 215,196 unvested Restricted Stock Units and 716,661 stock options that are potentially dilutive to earnings per share since the exercise price of such securities was less than the average market price during the period. For the twelve months ended December 31, 2017, the diluted earnings per common share included 438,712 unvested Restricted Stock Units and the weighted average effect of 477,048 stock options that are potentially dilutive to earnings per share since the exercise price of such securities was less than the average market price during the period.
Table:
 |  | Years Ended | 
 |  | December 31, | 
 | 2019 | 2018 | 2017
 |  | (In thousands, except share and per share data) | 
Numerator: |  |  | 
Net income (loss) attributable to common stockholders | $(16,490) | $19,813 | $17,929
Denominator: |  |  | 
Weighted-average common shares, basic | 27,618,284 | 27,484,655 | 25,353,966
Weighted-average common shares, diluted* | 27,618,284 | 28,416,512 | 26,269,727
Net income (loss) per common share: |  |  | 
Basic: | $(0.60) | $0.72 | $0.71
Diluted: | $(0.60) | $0.70 | $0.68


Question: What is the respective number of unvested Restricted Stock Units and stock options included in the diluted earnings per common share for the twelve months ended December 31, 2017?
Answer: 438,712, 477,048
SG&A costs during fiscal 2018 were $222.0 million, an increase of $5.7 million compared to the $216.3 million of SG&A during fiscal 2017. The following table shows the components of SG&A costs for the twelve months ended October 31, 2018 and 2017.
Regarding the table above, the change in start-up expense in any particular period relates to the stage of the start-up process in which a facility under construction is in during the period. Non-construction related expenses, such as labor, training and office-related expenses for a facility under construction are recorded as start-up expense until the facility begins operations. As a facility moves closer to actual start-up, the expenses incurred for labor, training, etc. increase. As a result, amounts classified as start-up expenses will increase period over period until the facility begins production. Once production begins, the expenses from that point forward are recorded as costs of goods sold. The increase in legal expenses was primarily attributable to our ongoing defense of the litigation described in “Part II, Item 3. Legal Proceedings” of this Form 10-K. The increases in trainee expense and administrative salaries were primarily attributable to increases in personnel that coincide with the Company's growth plans. The decrease in bonus expense, payouts of which are based on profitability, was the result of profitability not reaching the required levels for payout of that incentive. The decrease in ESOP expense, payouts of which are based on profitability, was attributable to the difference in the level of profitability between fiscal 2018 and 2017. The increase in all other SG&A expenses was the result of a net increase in various other categories of SG&A costs.
Table:
Selling, General and Administrative Costs (in thousands) |  |  | 
Description | Twelve months ended October 31, 2018 | Twelve months ended October 31, 2017 | Increase/(Decrease) 
Start-up expense (Tyler, Texas complex)  | $13,394 | $403 | $ 12,991
Legal services expense  | 17,573 | 7,879 | 9,694
All other SG&A  | 68,863 | 61,847 | 7,016
Administrative salary expense | 42,288 | 36,193 | 6,095
Trainee expense  | 21,553 | 16,182 | 5,371
Charter aircraft expense | 2,167 | 900 | 1,267
Depreciation expense - machinery and equipment  | 5,801 | 4,555 | 1,246
Stock compensation expense  | 15,702 | 16,952 | (1,250)
Marketing expense | 32,624 | 34,272 | (1,648)
Start-up expense (St. Pauls, North Carolina complex)  | — | 4,022 | (4,022)
Bonus award program expense  | — | 15,098 | (15,098)
Employee Stock Ownership Plan ("ESOP") expense | 2,000 | 18,000 | (16,000)
Total SG&A  | $221,965 | $216,303 | $ 5,662


Question: What is the Administrative salary expense for fiscal years 2018 and 2017 respectively?
Answer: 42,288, 36,193
23. Associates (Cont'd)
The summarised financial information of the Group’s significant associate namely Intouch Holdings Public Company Limited (“Intouch”), based on its financial statements and a reconciliation with the carrying amount of the investment in the consolidated financial statements was as follows –
Note: (1) Others include adjustments to align the respective local accounting standards to SFRS(I).
Table:
 | 2019 | 2018 | 2017
 | S$ Mil | S$ Mil | S$ Mil
Statement of comprehensive income |  |  | 
Revenue | 250.1 | 353.9 | 144.1
Profit after tax | 451.7 | 488.2 | 166.1
Other comprehensive (loss)/ income | (0.9) | 10.9 | (1.6)
Total comprehensive income | 450.8 | 499.1 | 164.5
Statement of financial position |  |  | 
Current assets | 743.1 | 720.0 | 701.9
Non-current assets | 1,532.5 | 1,554.3 | 1,629.3
Current liabilities | (305.1) | (444.4) | (483.6)
Non-current liabilities | (205.5) | (313.4) | (395.3)
Net assets | 1,765.0 | 1,516.5 | 1,452.3
Less: Non-controlling interests | (304.6) | (342.2) | (411.6)
Net assets attributable to equity holders | 1,460.4 | 1,174.3 | 1,040.7
Proportion of the Group’s ownership | 21.0% | 21.0% | 21.0%
Group’s share of net assets | 306.7 | 246.6 | 218.5
Goodwill and other identifiable intangible assets | 1,441.7 | 1,417.6 | 1,371.7
Others (1) | (46.8) | (23.0) | (8.4)
Carrying amount of the investment | 1,701.6 | 1,641.2 | 1,581.8
Other items |  |  | 
Group’s share of market value | 1,653.2 | 1,639.6 | 1,525.0
Dividends received during the year | 78.5 | 77.8 | -


Question: What is the % change in carrying amount from 2017 to 2019?
Answer: 7.57
Calculation:  (1,701.6 - 1,581.8) / 1,581.8 * 100
ISU plan
The Corporation offers to its executive officers and designated employees an Incentive Share Unit ("ISU") Plan. According to this plan, executive
officers and designated employees periodically receive a given number of ISUs which entitle the participants to receive subordinate voting shares of the Corporation after three years less one day from the date of grant.
The number of ISUs is based on the dollar value of the award and the average closing stock price of the Corporation for the previous twelve month period ending August 31. A trust was created for the purpose of purchasing these shares on the stock market in order to protect against stock price fluctuation and the Corporation instructed the trustee to purchase subordinate voting shares of the Corporation on the stock market. These shares are purchased and are held in trust for the participants until they are fully vested.
The trust, considered as a special purpose entity, is consolidated in the Corporation’s financial statements with the value of the acquired subordinate voting shares held in trust under the ISU Plan presented in reduction of share capital.
Under the ISU Plan, the following ISUs were granted by the Corporation and are outstanding at August 31:
A compensation expense of $2,046,000 ($2,461,000 in 2018) was recorded for the year ended August 31, 2019 related to this plan.
Table:
Years ended August 31, | 2019 | 2018
Outstanding, beginning of the year | 105,475 | 101,538
Granted | 37,600 | 47,900
Distributed | (44,470) | (35,892)
Cancelled | (26,780) | (8,071)
Outstanding, end of the year | 71,825 | 105,475


Question: What was the compensation expense in August 2019?
Answer: $2,046,000
Pension benefit commitments
For fiscal 2019, Managing Board members were granted contributions under the BSAV totaling € 5.6 million (2018: € 5.4 million), based on a Supervisory Board decision from November 7, 2019. Of this amount, € 0.02 million (2018: € 0.03 million) relates to the funding of pension commitments earned prior to the transfer to the BSAV.
The expense recognized in fiscal 2019 as a service cost under IFRS for Managing Board members’ entitlements under the BSAV in fiscal 2019 totaled € 5.4 million (2018: € 5.3 million).
Contributions under the BSAV are added to the individual pension accounts in the January following each fiscal year. Until pension payments begin, members’ pension accounts are credited with an annual interest payment (guaranteed interest) on January 1 of each year. The interest rate is currently 0.90%.
The following table shows the individualized contributions (allocations) under the BSAV for fiscal 2019 as well as the defined benefit obligations for pension commitments:
In fiscal 2019, former members of the Managing Board and their surviving dependents received emoluments within the meaning of Section 314 para. 1 No. 6 b of the German Commercial Code totaling € 21.09 million (2018: € 39.9 million).
The defined benefit obligation (DBO) of all pension commitments to former members of the Managing Board and their surviving dependents as of September 30, 2019, amounted to €175.7 million (2018: €168.2 million). This figure is included in NOTE 17 in B.6 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.
1 Deferred compensation totals € 4,125,612 (2018: € 4,115,237), including € 3,703,123 for Joe Kaeser (2018: € 3,694,439), € 361,494 for Klaus Helmrich (2018: € 362,606) and € 60,995 for Prof. Dr. Ralf P. Thomas (2018: € 58,192).
2 In accordance with the provisions of the BSAV, benefits to be paid to Lisa Davis are not in any way secured or funded through the trust associated with the Company’s BSAV plan or with any other trust. They represent only an unsecured, unfunded legal obligation on the part of the Company to pay such benefits in the future under certain conditions, and the payout will only be made from the Company’s general assets.
Table:
 |  | Total contributions for | Defined benefit obligation for all pension commitments excluding deferred compensation 1 | 
(in €) | 2019 | 2018 | 2019 | 2018
Managing Board members in office as of September 30, 2019 |  |  |  | 
Joe Kaeser | 1,234,800 | 1,210,440 | 14,299,267 | 12,970,960
Dr. Roland Busch | 616,896 | 604,800 | 6,071,233 | 5,121,226
Lisa Davis 2 | 616,896 | 604,800 | 5,701,811 | 5,322,537
Klaus Helmrich | 616,896 | 604,800 | 6,473,904 | 5,714,522
Janina Kugel | 616,896 | 604,800 | 2,674,432 | 2,157,427
Cedrik Neike | 616,896 | 604,800 | 2,349,895 | 1,757,258
Michael Sen | 616,896 | 604,800 | 1,862,660 | 1,239,785
Prof. Dr. Ralf P. Thomas | 616,896 | 604,800 | 6,184,498 | 5,235,121
Total | 5,553,072 | 5,444,040 | 45,617,700 | 39,518,836


Question: What is the percentage increase / (decrease) of Cedrik Neike's salary from 2018 to 2019?
Answer: 2
Calculation: 616,896 / 604,800 - 1
DERIVATIVE LIABILITIES
In connection with the issuance of Series A-1 Preferred Stock in June 2017, the Company issued a warrant with variable consideration through September 2018. The Company determined that this instrument is an embedded derivative pursuant to ASC 815, “Derivatives and Hedging.” The accounting treatment of derivative financial instruments requires that the Company record the warrant, at its fair value as of the inception date of the agreement and at fair value as of each subsequent balance sheet date through the expiration of the variable consideration. Any change in fair value is recorded as a change in the fair value of derivative liabilities for each reporting period at each balance sheet date. The Company reassesses the classification at each balance sheet date. If the classification changes as a result of events during the period, the contract is reclassified as of the date of the event that caused the reclassification. On September 19, 2018, upon expiration of the variable consideration, the warrant liability of $4.5 million was reclassified to equity.
The Monte Carlo Valuation model is used to estimate the fair value of the warrant. The model was developed for use in estimating the fair value of traded options or warrants. The expected volatility is estimated based on the most recent historical period of time equal to the weighted average life of the instrument granted.
The risk-free interest rate used is the United States Treasury rate for the day of the grant having a term equal to the life of the equity instrument. The volatility is a measure of the amount by which the Company’s share price has fluctuated or is expected to fluctuate. The dividend yield is zero as the Company has not made any dividend payment and has no plans to pay dividends in the foreseeable future. The Company determines the expected term of its warrant awards by using the contractual term.
The principal assumptions used in applying the model were as follows:
Table:
 | Upon 2018 Expiration | December 31, 2017
Assumptions: |  | 
Risk-free interest rate | 2.3% - 2.5% | 1.5% - 2.0%
Expected life | 1.8 - 2.2 Years | 2.5 - 3 Years
Expected volatility | 65% - 70% | 50% - 60%
Dividends | 0% | 0%


Question: What is the percentage dividends of the derivative liabilities?
Answer: 0%