hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
16. PRODUCT WARRANTIES
We establish a product warranty liability at the time of revenue recognition. Product warranties generally have terms of 12 months and cover nonconformance with specifications and defects in material or workmanship. For sales to distributors, our warranty generally begins when the product is resold by the distributor. The liability is based on estimated costs to fulfill customer product warranty obligations and utilizes historical product failure rates. Should actual warranty obligations differ from estimates, revisions to the warranty liability may be required.
Product warranty liability activity is as follows (in thousands):
Table:
 |  | Fiscal Years   | 
 | 2019 | 2018 | 2017
Balance — beginning of year | $5,756 | $3,672 | $1,039
(Divested)/acquired | — | (49) | 952
Provisions/(expense) | (3,053) | 1,865 | 1,737
Direct charges/(payments) | 570 | 268 | (56)
Balance — end of year | $3,273 | $5,756 | $3,672


Question: What was the Balance — beginning of year in 2018?
Answer: $3,672
15. AVERAGE SHARES OUTSTANDING
Our basic earnings per share calculation is computed based on the weighted-average number of common shares outstanding. Our diluted earnings per share calculation is computed based on the weighted-average number of common shares outstanding adjusted by the number of additional shares that would have been outstanding had the potentially dilutive common shares been issued. Potentially dilutive common shares include nonvested stock awards and units, stock options, and non-management director stock equivalents. Performance share awards are included in the average diluted shares outstanding each period if the performance criteria have been met at the end of the respective periods.
The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding in each fiscal year (in thousands):
Table:
 | 2019 | 2018 | 2017
Weighted-average shares outstanding — basic | 25,823 | 28,499 | 30,630
Effect of potentially dilutive securities: |  |  | 
Nonvested stock awards and units | 211 | 240 | 182
Stock options | 10 | 40 | 59
Performance share awards | 24 | 28 | 43
Weighted-average shares outstanding — diluted | 26,068 | 28,807 | 30,914
Excluded from diluted weighted-average shares outstanding: |  |  | 
Antidilutive | 186 | 150 | 76
Performance conditions not satisfied at the end of the period | 65 | 44 | 53


Question: What is the difference in nonvested stock awards and units between 2018 and 2019?
Answer: 29
Calculation: 240-211
NOTE 22. INCOME TAXES
Amounts recognized in profit or loss
The income tax expense consists of:
Table:
 | Year ended December 31, | 
 | 2018 | 2019
Current: |  | 
The Netherlands | (4,128) | (28,409)
Other countries | (6,374) | (9,011)
 | (10,502) | (37,420)
Deferred: |  | 
The Netherlands | 1,944 | (6,860)
Other countries | (6,878) | (9,370)
Income tax expense | (15,436) | (53,650)


Question: What is the total current income tax expense for 2019?
Answer: (37,420)
15 Financial risk management (continued)
(c) Liquidity risk
Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of funding through an adequate amount of committed credit facilities to meet obligations when due.
Management also actively monitors rolling forecasts of the Group’s cash and cash equivalents.
(i) Maturities of financial liabilities
The table below analyses the Group’s financial liabilities into relevant maturity groupings based on their contractual maturities for all non-derivative financial liabilities.
The amounts disclosed in the table are the contractual undiscounted cash flows.
The cash flows for unsecured notes assume that the early redemption options would not be exercised by the Group.
Table:
Contractual Maturities of Financial Liabilities | Within 12 months | Between 1 and 5 years | Over 5 years | Total contractual cash flows | Carrying amount
2019 | $'000 | $'000 | $'000 | $'000 | $'000
Trade payables | 44,840 | - | - | 44,840 | 44,840
Unsecured notes | 46,634 | 900,046 | - | 946,680 | 793,849
Lease liabilities | 5,008 | 26,709 | 167,214 | 198,931 | 73,328
Total non-derivatives | 96,482 | 926,755 | 167,214 | 1,190,451 | 912,017
2018 |  |  |  |  | 
Trade payables | 27,640 | - | - | 27,640 | 27,640
Unsecured notes | 18,750 | 342,000 | - | 360,750 | 296,912
Lease liabilities | 641 | 2,565 | 5,451 | 8,657 | 6,042
Total non-derivatives | 47,031 | 344,565 | 5,451 | 397,047 | 330,594


Question: Which financial liabilities in 2019, maturing within 12 months, was the greatest?
Answer: Unsecured notes
Calculation: 44,840 vs 46,634 vs 5,008
Free cash flow
We define free cash flow as net cash provided by (used in) operating activities less purchase of property and equipment. We consider free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by the business that can possibly be used for investing in our business and strengthening the balance sheet, but it is not intended to represent the residual cash flow available for discretionary expenditures. Free cash flow is not prepared in accordance with U.S. GAAP, and should not be considered in isolation of, or as an alternative to, measures prepared in accordance with U.S. GAAP.
The following table presents a reconciliation of net cash provided by (used in) operating activities to free cash flow:
(1) Our adoption of ASU 2016-09 on January 1, 2017 resulted in excess tax benefits for share-based payments recorded as a reduction of income tax expense and reflected within operating cash flows, rather than recorded within equity and reflected within financing cash flows. We elected to adopt this new standard retrospectively, which impacted the presentation for all periods prior to the adoption date.
Table:
 |  |  | Year Ended December 31, |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
 |  |  | (in thousands) |  | 
Net cash provided by (used in) operating activities (1) | $(156,832) | $113,207 | $64,241 | $138,720 | $141,257
Purchase of property and equipment | (36,531) | (52,880) | (89,160) | (78,640) | (30,566)
Free cash flow | $(193,363) | $60,327 | $(24,919) | $60,080 | $110,691
Net cash provided by (used in) investing activities | $25,761 | $17,496 | $(28,718) | $(392,666) | $(170,027)
Net cash provided by (used in) financing activities (1) | $(8,406) | $1,287 | $4,635 | $19,794 | $368,953


Question: What is the net cash provided by operating activities in 2015?
Answer: $141,257
£1.5m (2018: £1.4m) of scheme assets have a quoted market price in an active market.
The actual return on plan assets was a gain of £5.5m (2018: £1.0m loss).
The amounts recognised in the Company Statement of Financial Position are determined as follows:
Table:
 | 2019 | 2018
 | £m | £m
Fair value of scheme’s assets | 59.5 | 56.4
Present value of funded scheme’s liabilities | (53.9) | (52.7)
Retirement benefit asset recognised in the Statement of Financial Position | 5.6 | 3.7
Related deferred tax | (0.9) | (0.6)
Net pension asset | 4.7 | 3.1


Question: For which years was the net pension asset calculated for?
Answer: 2019, 2018
Basic earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period, plus the dilutive effect of outstanding restricted stock-based awards, stock options, and shares issuable under the employee stock purchase plan using the treasury stock method. The following table sets forth the computation of basic and diluted earnings per share:
(1) These weighted shares relate to anti-dilutive restricted stock-based awards and stock options as calculated using the treasury stock method and contingently issuable shares under PSO and PSU agreements. Such shares could be dilutive in the future. See Note 13 for information regarding the exercise prices of our outstanding, unexercised stock options.
Table:
Year Ended May 31, |  |  | 
(in millions, except per share data) | 2019 | 2018 | 2017
Net income | $11,083 | $3,587 | $9,452
Weighted average common shares outstanding | 3,634 | 4,121 | 4,115
Dilutive effect of employee stock plans | 98 | 117 | 102
Dilutive weighted average common shares outstanding | 3,732 | 4,238 | 4,217
Basic earnings per share | $3.05 | $0.87 | $2.30
Diluted earnings per share | $2.97 | $0.85 | $2.24
Shares subject to anti-dilutive restricted stock-based awards and stock options excluded from calculation (1) | 71 | 64 | 74


Question: How is basic earnings per share calculated?
Answer: Basic earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period.
Property and Equipment
Property and equipment are stated at cost. Depreciation of these assets is generally computed using the straight-line method over their estimated useful lives based on asset class. As of December 31, 2019 and 2018, net property and equipment consisted of the following (in thousands):
Table:
 |  | December 31, | 
 | Useful Lives | 2019 | 2018
Computer and office equipment | 3 - 5 years | $143,942 | $129,359
Leasehold improvements lease | Lesser of useful life of improvement or remaining life of lease | 33,346 | 32,096
Furniture and fixtures | 7 years | 12,980 | 12,500
Building and improvements | 7 - 30 years | 14,553 | 14,381
Land | Non-depreciable | 1,785 | 1,785
Property and equipment, gross |  | 206,606 | 190,121
Less: accumulated depreciation |  | (136,226 ) | (117,392 )
Property and equipment, net |  | $ 70,380 | $ 72,729


Question: What was the change in the cost of computer and office equipment between 2018 and 2019?
Answer: 14583
Calculation: $143,942-$129,359
Product Warranties
The following table summarizes accrued warranty activities for fiscal 2019, 2018 and 2017:
In some cases, we may offer customers the option to purchase extended warranties to ensure protection beyond the standard warranty period. In those circumstances, the warranty is considered a distinct service and we account for the extended warranty as a performance obligation and allocate a portion of the transaction price to that performance obligation. More frequently, customers do not purchase a warranty separately. In those situations, we account for the warranty as an assurance-type warranty, which provides customers with assurance that the product complies with agreed-upon specifications, and this does not represent a separate performance obligation. Such warranties are recorded separately as liabilities and presented within ‘‘accrued liabilities’’ and ‘‘other long-term liabilities’’ on our consolidated balance sheets (see Note 5. Balance Sheet Components).
Table:
 |  | Fiscal Year Ended | 
(In thousands) | December 29, 2019 | December 30, 2018 | December 31, 2017
Balance at the beginning of the period | $172,266 | $181,303 | $161,209
Accruals for warranties issued during the period | 27,717 | 31,628 | 29,689
Settlements and adjustments during the period | (61,538) | (40,665) | (9,595)
Balance at the end of the period | $138,445 | $172,266 | $181,303


Question: In which years is accrued warranty activities recorded for? 
Answer: 2019, 2018, 2017
AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed)
The domestic and foreign components of income from continuing operations before income taxes are as follows:
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
United States | $1,527.0 | $1,212.7 | $971.2
Foreign | 389.4 | (58.1) | 284.9
Total | $1,916.4 | $1,154.6 | $1,256.1


Question: What was the income from continuing operations before income taxes from United States in 2019?
Answer: $1,527.0
Other Intangible Assets, Net
Other intangible assets include developed technologies, customer relationships, trade names, patents, user lists and the related accumulated amortization. These assets are shown as “Developed technologies, net” and as part of “Other assets” in the Consolidated Balance Sheet. The majority of Autodesk’s other intangible assets are amortized to expense over the estimated economic life of the product, which ranges from two to ten years. Amortization expense for developed technologies, customer relationships, trade names, patents, and user lists was $33.5 million in fiscal 2019, $36.6 million in fiscal 2018 and $72.2 million in fiscal 2017.
Other intangible assets and related accumulated amortization at January 31 were as follows:
(1) Included in “Other assets” in the accompanying Consolidated Balance Sheets. (2) Includes the effects of foreign currency translation.
Table:
 | 2019 | 2018
Developed technologies, at cost | $670.2 | $578.5
Customer relationships, trade names, patents, and user lists, at cost (1) | 533.1 | 372.5
Other intangible assets, at cost (2) | 1,203.3 | 951.0
Less: accumulated amortization | (922.5) | (895.8)
Other intangible assets, net | $280.8 | $55.2


Question: What was the difference in customer relationships, trade names, patents, and user lists, at cost from 2018 to 2019?
Answer: 160.6
Calculation: 533.1-372.5
xvii. Transfer of unclaimed/unpaid amounts to the Investor Education and Protection Fund:
Pursuant to Sections 124 and 125 of the Act read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (“IEPF Rules”), dividend, if not claimed for a consecutive period of 7 years from the date of transfer to Unpaid Dividend Account of the Company, are liable to be transferred to the Investor Education and Protection Fund (“IEPF”).
Further, all the shares in respect of which dividend has remained unclaimed for seven consecutive years or
more from the date of transfer to unpaid dividend account shall also be transferred to IEPF Authority. The said
requirement does not apply to shares in respect of which there is a specific order of Court, Tribunal or Statutory
Authority, restraining any transfer of the shares.
In the interest of the shareholders, the Company sends periodical reminders to the shareholders to claim
their dividends in order to avoid transfer of dividends/shares to IEPF Authority. Notices in this regard are also
published in the newspapers and the details of unclaimed dividends and shareholders whose shares are liable
to be transferred to the IEPF Authority, are uploaded on the Company’s website (https://www.tcs.com/detailsunclaimed-
dividend-transfer-IEPF-account-2017).
In light of the aforesaid provisions, the Company has during the year under review, transferred to IEPF the
unclaimed dividends, outstanding for 7 consecutive years, of the Company, erstwhile TCS e-Serve Limited and
CMC Limited (since amalgamated with the Company). Further, shares of the Company, in respect of which
dividend has not been claimed for 7 consecutive years or more from the date of transfer to unpaid dividend
account, have also been transferred to the demat account of IEPF Authority.
The details of unclaimed dividends and shares transferred to IEPF during FY 2019 are as follows:
* Includes final dividend of erstwhile TCS e-Serve Limited and erstwhile CMC Limited
The members who have a claim on above dividends and shares may claim the same from IEPF Authority by
submitting an online application in the prescribed Form No. IEPF-5 available on the website www.iepf.gov.
in and sending a physical copy of the same, duly signed to the Company, along with requisite documents
enumerated in the Form No. IEPF-5. No claims shall lie against the Company in respect of the dividend/shares
so transferred. The Members/Claimants can file only one consolidated claim in a financial year as per the IEPF
Rules.
Table:
Financial year | Amount of unclaimed dividend transferred (` lakh) | Number of shares transferred
2011 | 102.6* | 3,028
2012 | 86.5 | 29,672
TOTAL | 189.1 | 32,000


Question: How many consolidated claims can Members/Claimants file in a financial year?
Answer: one
Allocation of Goodwill to Reporting Segment
The following table shows our goodwill balances by reportable segment:
As noted above, it was determined under a quantitative assessment that there was no impairment of goodwill. However, if we become aware of indicators of impairment in future periods, we may be required to perform an interim assessment for some or all of our reporting units before the next annual assessment. Examples of such indicators may include a decrease in expected net earnings, adverse equity market conditions, a decline in current market multiples, a decline in our common stock price, a significant adverse change in legal factors or business climates, an adverse action or assessment by a regulator, unanticipated competition, strategic decisions made in response to economic or competitive conditions, or a more likely than not expectation that a reporting unit or a significant portion of a reporting unit will be sold or disposed of. In the event of significant adverse changes of the nature described above, we may have to recognize a non-cash impairment of goodwill, which could have a material adverse effect on our consolidated financial condition and results of operations.
Table:
(In millions) | Food Care | Product Care | Total
Gross Carrying Value at December 31, 2017 | $ 576.5 | $ 1,554.1 | $ 2,130.6
Accumulated impairment | (49.6 ) | (141.2) | (190.8)
Carrying Value at December 31, 2017 | $ 526.9 | $ 1,412.9 | $ 1,939.8
Acquisition, purchase price and other adjustments | (0.6 ) | 18.2 | 17.6
Currency translation | (6.6 ) | (3.2) | (9.8)
Gross Carrying Value at December 31, 2018 | $ 568.9 | $ 1,568.9 | $ 2,137.8
Accumulated impairment | (49.2 ) | (141.0) | (190.2)
Carrying Value at December 31, 2018 | $ 519.7 | $ 1,427.9 | $ 1,947.6
Acquisition, purchase price and other adjustments | 6.3 | 257.0 | 263.3
Currency translation | 2.0 | 4.1 | 6.1
Gross Carrying Value at December 31, 2019 | $ 577.2 | $ 1,830.0 | $ 2,407.2
Accumulated impairment | (49.3 ) | (141.0) | (190.3)
Carrying Value at December 31, 2019 | $ 527.9 | $ 1,689.0 | $ 2,216.9


Question: What are examples of indicator of impairment of goodwill?
Answer: Examples of such indicators may include a decrease in expected net earnings, adverse equity market conditions, a decline in current market multiples, a decline in our common stock price, a significant adverse change in legal factors or business climates, an adverse action or assessment by a regulator, unanticipated competition, strategic decisions made in response to economic or competitive conditions, or a more likely than not expectation that a reporting unit or a significant portion of a reporting unit will be sold or disposed of.
Short-Term Debt
The weighted-average interest rate for commercial paper at December 31, 2019 and 2018 was 1.6 percent and 2.5 percent, respectively. The weighted-average interest rates for short-term loans were 6.1 percent and 4.3 percent at December 31, 2019 and 2018, respectively.
Table:
($ in millions) |  | 
At December 31: | 2019 | 2018
Commercial paper | $  304 | $ 2,995
Short-term loans | 971 | 161
Long-term debt—current maturities | 7,522 | 7,051
Total | $8,797 | $10,207


Question: What was the percentage increase / (decrease) in total short term debt?
Answer: -13.81
Calculation: 8,797 / 10,207 - 1
Results of Operations
Revenue
Revenue decreased in fiscal year 2019 compared to fiscal year 2018, but increased compared to fiscal year 2017, primarily as a result of the volatility of semiconductor capital investments by our customers. The overall Asia region continued to account for a majority of our revenues as a substantial amount of the worldwide capacity investments for semiconductor manufacturing continued to occur in this region.
Our deferred revenue balance was $449 million as of June 30, 2019, compared to $994 million as of June 24, 2018. The deferred revenue at the end of June 2019 is recognized under Accounting Standard Codification (“ASC”) 606, while the same values as of June 2018 are recognized under ASC 605, which contributes to the change in value period over period. Our deferred revenue balance does not include shipments to customers in Japan, to whom title does not transfer until customer acceptance. Shipments to customers in Japan are classified as inventory at cost until the time of customer acceptance. The anticipated future revenue value from shipments to customers in Japan was approximately $78 million as of June 30, 2019, compared to $607 million as of June 24, 2018.
Table:
 |  | YearEnded | 
 | June 30, 2019 | June 24, 2018 | June 25, 2017
Revenue (in millions) | $9,654 | $11,077 | $8,014
Korea | 23% | 35% | 31%
China | 22% | 16% | 13%
Japan | 20% | 17% | 13%
Taiwan | 17% | 13% | 26%
UnitedStates | 8% | 7% | 8%
SoutheastAsia | 6% | 7% | 5%
Europe | 4% | 5% | 4%


Question: What is the percentage of Korea revenue in the total revenue on June 30, 2019?
Answer: 23%
Financing receivables primarily consist of client loan and installment payment receivables (loans), investment in sales-type and direct financing leases, and commercial financing receivables. Client loan and installment payment receivables (loans) are provided primarily to clients to finance the purchase of hardware, software and services.
Payment terms on these financing arrangements are generally for terms up to seven years. Client loans and installment payment financing contracts are priced independently at competitive market rates. Investment in sales-type and direct financing leases relates principally to the company’s Systems products and are for terms ranging generally from two to six years.
Commercial financing receivables relate primarily to inventory and accounts receivable financing for dealers and remarketers of IBM and OEM products. Payment terms for inventory and accounts receivable financing generally range from 30 to 90 days.
Table:
($ in millions) |  |  |  | 
At December 31, 2019: | Investment in Sales-Type and Direct Financing Leases | Commercial Financing Receivables | Client Loan and Installment Payment Receivables/ (Loans) | Total
Financing receivables, gross | $6,077 | $3,836 | $13,592 | $23,504
Unearned income | (509) | (4) | (570) | (1,083)
Recorded investment | $5,567 | $3,831 | $13,022 | $22,421
Allowance for credit losses | (72) | (11) | (138) | (221)
Unguaranteed residual value | 652 | — | — | 652
Guaranteed residual value | 53 | — | — | 53
Total financing receivables, net | $6,199 | $3,820 | $12,884 | $22,904
Current portion | $2,334 | $3,820 | $ 8,037 | $14,192
Noncurrent portion | $3,865 | $      — | $ 4,847 | $ 8,712


Question: What is the payment term for inventory and accounts receivable financing?
Answer: Payment terms for inventory and accounts receivable financing generally range from 30 to 90 days.