hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
7. INVESTMENTS IN JOINT VENTURES
The total carrying value of our equity method investments at the end of fiscal 2019 and 2018 was $796.3 million and $776.2 million, respectively. These amounts are included in other assets and reflect our 44% ownership interest in Ardent Mills and 50% ownership interests in other joint ventures. Due to differences in fiscal reporting periods, we recognized the equity method investment earnings on a lag of approximately one month.
In fiscal 2019, we had purchases from our equity method investees of $39.4 million. Total dividends received from equity method investments in fiscal 2019 were $55.0 million.
In fiscal 2018, we had purchases from our equity method investees of $34.9 million. Total dividends received from equity method investments in fiscal 2018 were $62.5 million.
In fiscal 2017, we had purchases from our equity method investees of $41.8 million. Total dividends received from equity method investments in fiscal 2017 were $68.2 million.
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) Summarized combined financial information for our equity method investments on a 100% basis is as follows:
Table:
 | 2019 | 2018 | 2017
Net Sales: |  |  | 
Ardent Mills . | $3,476.0 | $3,344.1 | $3,180.0
Others | 195.4 | 198.8 | 177.7
Total net sales . | $3,671.4 | $3,542.9 | $3,357.7
Gross margin: |  |  | 
Ardent Mills . | $281.9 | $386.5 | $340.3
Others | 45.5 | 34.8 | 34.6
Total gross margin | $327.4 | $421.3 | $374.9
Earnings after income taxes: |  |  | 
Ardent Mills . | $151.9 | $197.0 | $152.0
Others | 18.1 | 10.1 | 10.1
Total earnings after income taxes | $170.0 | $207.1 | $162.1


Question: What is the average of Ardent Mills’ net sales from 2017 to 2019? 
Answer: 3333.37
Calculation: (3,476.0+3,344.1+3,180.0)/3
15 Financial risk management (continued)
(b) Credit risk
Credit risk arises from cash and cash equivalents, and trade and other receivables.
(i) Cash and cash equivalents and security deposits
Deposits are placed with Australian banks or independently rated parties with a minimum rating of ‘BBB+’. To reduce exposure deposits are placed with a variety of financial institutions.
The credit quality of financial assets can be assessed by reference to external credit ratings (if available) or to historical information about counterparty default rates:
In determining the credit quality of these financial assets, NEXTDC has used the long-term rating from Standard & Poor’s as of July 2019.
Table:
 | 30 June 2019 | 30 June 2018
 | $'000 | $'000
CASH AT BANK |  | 
AA rated | 398,999 | 417,982
SECURITY DEPOSITS |  | 
AA rated | 8,822 | 4,151


Question: How much was the security deposits in 2019?
Answer: 8,822
Capital management
The Group considers capital to be net debt plus total equity. Net debt is calculated as total bank debt and lease financing, less unamortised debt fees and cash and cash equivalents as shown in note 32. Total equity is as shown in the Consolidated balance sheet.
The calculation of total capital is shown in the table below:
Following the application of IFRS 16, total capital for the year ended 31 March 2018 has been restated (note 2).
The objectives for managing capital are to safeguard the Group’s ability to continue as a going concern, in order to provide returns for shareholders and benefits for other stakeholders and to maintain an efficient capital structure to optimise the cost of capital. In order to maintain or adjust the capital structure, the Group may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares or take other steps to increase share capital and reduce or increase debt facilities.
As at 31 March 2019, the Group had borrowings of £313.0m (2018: £343.0m) through its Syndicated revolving credit facility (2018: Syndicated Term Loan). Interest is payable on this facility at a rate of LIBOR plus a margin of between 1.2% and 2.1% depending on the consolidated leverage ratio of Auto Trader Group plc and its subsidiaries, which is calculated and reviewed on a biannual basis. The Group remains in compliance with its banking covenants.
Table:
 | 2019 | (Restated) 2018
 | £m | £m
Total net debt | 321.0 | 355.2
Total equity | 59.0 | 5.6
Total capital | 380.0 | 360.8


Question: How is net debt calculated?
Answer: Net debt is calculated as total bank debt and lease financing, less unamortised debt fees and cash and cash equivalents as shown in note 32
9. Income Taxes
On December 22, 2017, the Tax Act was enacted into law, which made changes to U.S. tax law, including, but not limited to: (1) reducing the U.S. Federal corporate income tax rate from 35% to 21%; (2) requiring companies to pay a one-time transition tax on certain unrepatriated earnings of foreign subsidiaries; (3) generally eliminating U.S. Federal corporate income taxes on dividends from foreign subsidiaries; (4) capitalizing R&D expenses which are amortized over five to 15 years; and (5) other changes to how foreign and domestic earnings are taxed.
The Tax Act includes a provision to tax global intangible low-taxed income (“GILTI”) of foreign subsidiaries and a base erosion anti-abuse tax (“BEAT”) measure that taxes certain payments between a U.S. corporation and its foreign subsidiaries. These provisions of the Tax Act were effective for the Company beginning August 1, 2018 and had no impact on the tax benefit for the year ended July 31, 2019.
Under U.S. GAAP, the Company can make an accounting policy election to either treat taxes due on the GILTI inclusion as a current period expense or factor such amounts into its measurement of deferred taxes. The Company has elected the current period expense method. The Company has finalized its assessment of the transitional impacts of the Tax Act.
In December 2018, the IRS issued proposed regulations related to the BEAT tax, which the Company is in the process of evaluating. If the proposed BEAT regulations are finalized in their current form, the impact may be material to the tax provision in the quarter of enactment.
The U.S. Treasury Department, the Internal Revenue Service (“IRS”), and other standard-setting bodies will continue to interpret or issue guidance on how provisions of the Tax Act will be applied or otherwise administered. The Company continues to obtain, analyze, and interpret guidance as it is issued and will revise its estimates as additional information becomes available.
Any legislative changes, including any other new or proposed U.S. Department of the Treasury regulations that have yet to be issued, may result in income tax adjustments, which could be material to our provision for income taxes and effective tax rate in the period any such changes are enacted. The Company’s income (loss) before provision for (benefit from) income taxes for the years ended July 31, 2019, 2018 and 2017 is as follows (in thousands):
Table:
 |  | Fiscal years ended July 31, | 
 | 2019 | 2018 | 2017
Domestic | $(1,778) | $(13,501) | $21,723
International | 14,230 | 5,225 | 6,803
Income (loss) before provision for (benefit from) income taxes | $12,452 | $(8,276) | $28,526


Question: What was the international income (loss) before provision for (benefit from) income taxes in 2019, 2018 and 2017 respectively?
Answer: 14,230, 5,225, 6,803
The components of the provision for income tax expense are as follows:
Included in the Company's current income tax expense are provisions for uncertain tax positions relating to freight taxes. The Company does not presently anticipate that its provisions for these uncertain tax positions will significantly increase in the next 12 months; however, this is dependent on the jurisdictions of the trading activity of its vessels.
The Company reviews its freight tax obligations on a regular basis and may update its assessment of its tax positions based on available information at the time. Such information may include legal advice as to the applicability of freight taxes in relevant jurisdictions. Freight tax regulations are subject to change and interpretation; therefore, the amounts recorded by the Company may change accordingly. The tax years 2008 through 2019 remain open to examination by some of the major jurisdictions in which the Company is subject to tax.
Table:
 | Year Ended | Year Ended | Year Ended
 | December 31, | December 31, | December 31,
 | 2019 | 2018 | 2017
 | $ | $ | $
Current | (25,563) | (17,458) | (11,997)
Deferred | 81 | (2,266) | (235)
Income tax expense | (25,482) | (19,724) | (12,232)


Question: What will determine the tax positions in the next 12 months?
Answer: The Company does not presently anticipate that its provisions for these uncertain tax positions will significantly increase in the next 12 months; however, this is dependent on the jurisdictions of the trading activity of its vessels.
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 is the average net revenues from Microcontrollers and Digital ICs Group (MDG) for the period December 31, 2019 and 2018?
Answer: 715.5
Calculation: (742+689) / 2
NOTE 15 — LEASES
We have operating and finance leases for datacenters, corporate offices, research and development facilities, retail stores, and certain equipment. Our leases have remaining lease terms of 1 year to 20 years, some of which include options to extend the leases for up to 5 years, and some of which include options to terminate the leases within 1 year.
The components of lease expense were as follows:
Table:
(In millions) |  |  | 
Year Ended June 30, | 2019 | 2018 | 2017
Operating lease cost | $  1,707 | $  1,585 | $  1,412
Finance lease cost: |  |  | 
Amortization of right-of-use assets | $ 370 | $ 243 | $ 104
Interest on lease liabilities | 247 | 175 | 68
Total finance lease cost | $617 | $418 | $172


Question: Which places does the company have operating and finance leases?
Answer: We have operating and finance leases for datacenters, corporate offices, research and development facilities, retail stores, and certain equipment.
NOTE 4 – REMUNERATION TO AUDITORS APPOINTED AT THE PARENT COMPANY’S ANNUAL GENERAL MEETING
Under SEC regulations, the remuneration of the auditor of USD 0.7m (2018: USD 0.8m, 2017: USD 1.0m) is required to be presented as follows: Audit USD 0.6m (2018: USD 0.6m, 2017: USD 0.6m) and other audit-related services USD 0.1m (2018: USD 0.2m, 2017: USD 0.4m).
Our Audit Committee pre-approves all audit, audit-related and non-audit services not prohibited by law to be performed by our independent auditors and associated fees prior to the engagement of the independent auditor with respect to such services.
Table:
USDm | 2019 | 2018 | 2017
Audit fees |  |  | 
Fees payable to the Company's auditor for the audit of the Company's annual accounts | 0.4 | 0.4 | 0.4
Audit of the Company's subsidiaries pursuant to legislation | 0.2 | 0.2 | 0.2
Total audit fees | 0.6 | 0.6 | 0.6
Non-audit fees |  |  | 
Audit-related services | 0.1 | 0.2 | 0.4
Tax services | 0.0 | - | -
Total non-audit fees | 0.1 | 0.2 | 0.4
Total | 0.7 | 0.8 | 1.0


Question: What are the types of audit fees in the table?
Answer: Fees payable to the Company's auditor for the audit of the Company's annual accounts, Audit of the Company's subsidiaries pursuant to legislation
12. Derivative Instruments
(a) Summary of Derivative Instruments
We use derivative instruments primarily to manage exposures to foreign currency exchange rate, interest rate, and equity price risks. Our primary objective in holding derivatives is to reduce the volatility of earnings and cash flows associated with changes in foreign currency exchange rates, interest rates, and equity prices. Our derivatives expose us to credit risk to the extent that the counterparties may be unable to meet the terms of the agreement. We do, however, seek to mitigate such risks by limiting our counterparties to major financial institutions. In addition, the potential risk of loss with any one counterparty resulting from this type of credit risk is monitored. Management does not expect material losses as a result of defaults by counterparties.
The notional amounts of our outstanding derivatives are summarized as follows (in millions):
Table:
 | July 27, 2019 | July 28, 2018
Derivatives designated as hedging instruments: |  | 
Foreign currency derivatives—cash flow hedges | $663 | $147
Interest rate derivatives | 4,500 | 6,750
Net investment hedging instruments | 309 | 250
Derivatives not designated as hedging instruments: |  | 
Foreign currency derivatives | 2,708 | 2,298
Total return swaps—deferred compensation | 574 | 566
Total | $8,754 | $10,011


Question: What were the cash flow hedges value in 2019?
Answer: 663
Note 24. Stock-Based Compensation
The Company’s stock-based compensation plans include the 2019 Equity Incentive Plan for employees and certain non-employees, including non-employee directors, and the Deferred Compensation Plan for certain eligible employees. The Company issues common stock and uses treasury stock to satisfy stock option exercises or vesting of stock awards.
The following table summarizes the stock-based compensation expense (primarily in the Americas) and income tax benefits related to the stock-based compensation, both plan and non-plan related (in thousands):
(1) Included in "General and administrative" costs in the accompanying Consolidated Statements of Operations.
(2) Included in "Income taxes" in the accompanying Consolidated Statements of Operations.
There were no capitalized stock-based compensation costs as of December 31, 2019, 2018 and 2017.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Stock-based compensation (expense) (1) | $(7,396) | $(7,543) | $(7,621)
Income tax benefit (2) | 1,775 | 1,810 | 2,858


Question: In which year was the income tax benefit smallest?
Answer: 2019
Calculation: 1,775<1,810<2,858
Opening Balance Sheet Adjustment on January 1, 2018
As a result of applying the modified retrospective method to adopt ASC 606, the following amounts on our Consolidated Balance Sheet were adjusted as of January 1, 2018 to reflect the cumulative effect adjustment to the opening balance of Retained earnings (in millions):
Table:
 | As reported December 31, 2017 | Adjustments for ASC 606 adoption | Adjusted January 1, 2018
Trade receivables, net | $201.8 | $(6.2) | $195.6
Prepaid expenses and other current assets | 44.6 | 11.8 | 56.4
Receivables from related parties | 18.1 | (3.7) | 14.4
Computer software, net | 416.8 | 1.8 | 418.6
Deferred contract costs, net | 136.1 | 13.3 | 149.4
Other non-current assets | 104.0 | 3.3 | 107.3
Total assets | 3,655.9 | 20.3 | 3,676.2
Deferred revenues (current) | 59.6 | (1.9) | 57.7
Deferred revenues (non-current) | 100.7 | 6.8 | 107.5
Deferred income taxes | 224.6 | 4.2 | 228.8
Total liabilities | 1,947.1 | 9.1 | 1,956.2
Retained earnings | 201.4 | 11.2 | 212.6
Total equity | 1,708.8 | 11.2 | 1,720.0
Total liabilities and equity | 3,655.9 | 20.3 | 3,676.2


Question: What was the adjustmentments for ASC 606 adoption for net computer software?
Answer: 1.8
Disaggregation of Revenues
The Company serves customers in diverse geographies, which are subject to different economic and industry factors. The Company's presentation of revenue by geography most reasonably depicts how the nature, amount, timing and uncertainty of Company revenue and cash flows are affected by economic and industry factors. The following table presents the Company's revenue, from continuing operations, by geography for the year ended December 31, 2019, 2018 and 2017 (in millions):
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Net sales: |  |  | 
United States | $901.3 | $854.6 | $759.4
Canada | 45.6 | 42.3 | 32.4
Consolidated | $946.9 | $896.9 | $791.8


Question: What is the company's revenue from continuing operations in 2018 and 2019 respectively?
Answer: $896.9, $946.9
jpmorgan chase & co./2018 form 10-k 41 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co . ( 201cjpmorgan chase 201d or the 201cfirm 201d ) common stock with the cumulative return of the s&p 500 index , the kbw bank index and the s&p financial index . the s&p 500 index is a commonly referenced equity benchmark in the united states of america ( 201cu.s . 201d ) , consisting of leading companies from different economic sectors . the kbw bank index seeks to reflect the performance of banks and thrifts that are publicly traded in the u.s . and is composed of leading national money center and regional banks and thrifts . the s&p financial index is an index of financial companies , all of which are components of the s&p 500 . the firm is a component of all three industry indices . the following table and graph assume simultaneous investments of $ 100 on december 31 , 2013 , in jpmorgan chase common stock and in each of the above indices . the comparison assumes that all dividends are reinvested . december 31 , ( in dollars ) 2013 2014 2015 2016 2017 2018 .

Table:
december 31 ( in dollars ) | 2013 | 2014 | 2015 | 2016 | 2017 | 2018
jpmorgan chase | $ 100.00 | $ 109.88 | $ 119.07 | $ 160.23 | $ 203.07 | $ 189.57
kbw bank index | 100.00 | 109.36 | 109.90 | 141.23 | 167.49 | 137.82
s&p financial index | 100.00 | 115.18 | 113.38 | 139.17 | 169.98 | 147.82
s&p 500 index | 100.00 | 113.68 | 115.24 | 129.02 | 157.17 | 150.27
december 31 , ( in dollars ) .

Question: based on the review of the stock perfomance what was the ratio of the jpmorgan chase in 2017 to 3 kbw bank index
Answer: 1.2
Calculation: divide(203.07, 167.49)
Contract balances
The following table provides information about receivables, contract assets and contract liabilities from contracts with customers.
Accrued income relates to the Group’s rights to consideration for services provided but not invoiced at the reporting date. Accrued income is transferred to receivables when invoiced.
Deferred income relates to advanced consideration received for which revenue is recognised as or when services are provided. Included within deferred income is £11.2m (2018: £nil) relating to consideration received from Auto Trader Auto Stock Limited (which forms part of the Group’s joint venture) for the provision of data services (note 16). Revenue relating to this service is recognised on a straight-line basis over a period of 20 years.
Table:
 | 2019 | 2018
 | £m | £m
Receivables, which are included in trade and other receivables | 27.0 | 28.8
Accrued income | 28.0 | 26.7
Deferred income | (13.2) | (1.8)


Question: What was the percentage change in accrued income in 2019 from 2018?
Answer: 4.87
Calculation: (28.0-26.7)/26.7
Summarized financial information of Hilli LLC
The assets and liabilities of Hilli LLC(1) that most significantly impacted our consolidated balance sheet as of December 31, 2019 and 2018, are as follows:
(1) As Hilli LLC is the primary beneficiary of the Hilli Lessor VIE (see above) the Hilli LLC balances include the Hilli Lessor VIE.
Table:
(in thousands of $) | 2019 | 2018
Balance sheet |  | 
Current assets | 64,507 | 172,554
Non-current assets | 1,300,065 | 1,392,710
Current liabilities | (496,029) | (278,728)
Non-current liabilities | (418,578) | (842,786)


Question: Which year was the non-current liabilities higher?
Answer: 2018
Calculation: (842,786) > (418,578)
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
NOTE 23. SUPPLEMENTAL QUARTERLY FINANCIAL DATA (UNAUDITED)
The following tables present unaudited quarterly results for each of the eight quarters in the periods ended December 31, 2019 and 2018, in thousands. We believe that all necessary adjustments have been included in the amounts stated below to present fairly such quarterly information. Due to the volatility of the industries in which our customers operate, the operating results for any quarter are not necessarily indicative of results for any subsequent period.
Table:
 |  | Quarter Ended |  | 
 | December 31, | September 30, | June 30, | March 31,
 | 2018 | 2018 | 2018 | 2018
Sales, net | $154,161 | $173,082 | $196,032 | $195,617
Gross Profit | $  75,188 | $  85,539 | $ 101,235 | $ 103,645
Restructuring Expense | $  3,836 | $  403 | $ — | $ —
Operating income | $  19,570 | $  39,862 | $ 56,018 | $ 56,103
Income from continuing operations, net of income taxes | $  19,222 | $  35,157 | $ 46,400 | $ 46,370
Loss (income) from discontinued operations, net of income taxes | $  188 | $  (371) | $ 5 | $ 140
Net Income | $19,410 | $34,786 | $46,405 | $46,510
Income from continuing operations attributable to noncontrolling interest | $  4 | $  7 | $ 44 | $ 31
Net income attributable to Advanced Energy Industries, Inc. | $  19,406 | $34,779 | $46,361 | $ 46,479
Earnings (Loss) Per Share: |  |  |  | 
Continuing Operations: |  |  |  | 
Basic earnings per share | $0.50 | $0.90 | $1.18 | $1.17
Diluted earnings per share | $0.50 | $0.90 | $1.17 | $1.16
Discontinued Operations: |  |  |  | 
Basic loss per share | $  — | $  (0.01) | $ — | $ —
Diluted loss per share | $  — | $  (0.01) | $ — | $ —
Net Income: |  |  |  | 
Basic earnings per share | $ 0.51 | $  0.89 | $ 1.18 | $1.17
Diluted earnings per share | $0.50 | $0.89 | $1.17 | $1.16


Question: What was the basic earnings per share of Continuing Operations  in  Quarter Ended  December?
Answer: $0.50