hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Outstanding Equity Awards at Fiscal Year End
The following table summarizes the equity awards made to our named executive officers that were outstanding at December 31, 2019
Table:
Name | No. of Securities Underlying Unexercised Options (#) Exercisable No. of Securities Underlying Unexercised | No. of Securities Underlying Unexercised Options (#) Unexercisable No. of Securities Underlying Unexercised | Option Exercise Price | Option Expiration Date
Garo H. Armen (1) | 500,000 | - | $1.25 | April 16, 2026
Garo H. Armen (2) | 184,028 | 65,972 | $1.75 | October 16, 2027
Alexander K. Arrow (3) | 100,000 | - | $1.25 | February 12, 2026
Alexander K. Arrow (3) | 140,000 | - | $1.25 | April 15, 2026
Alexander K. Arrow (4) | 55,208 | 19,792 | $1.75 | October 16, 2027
Alexander K. Arrow (5) | 41,667 | - | $1.00 | February 1, 2029


Question: How many options would expire on October 16, 2027?
Answer: 239236
Calculation: 184,028 + 55,208
The following table illustrates the classification of pre-payroll tax and social contribution stock-based compensation expense included in the consolidated statements of income for the years ended December 31, 2019, December 31, 2018 and December 31, 2017:
The fair value of the shares vested in 2019 was $114 million compared to $68 million for 2018 and $38 million for 2017.
Compensation cost, excluding payroll tax and social contribution, capitalized as part of inventory was $6 million as of December 31, 2019, compared to $6 million as of December 31, 2018 and $3 million as of December 31, 2017. As of December 31, 2019, there was $138 million of total unrecognized compensation cost related to the grant of unvested shares, which is expected to be recognized over a weighted average period of approximately 9 months.
The total deferred income tax benefit recognized in the consolidated statements of income related to unvested share-based compensation expense amounted to $9 million, $7 million and $3 million for the years ended December 31, 2019, 2018 and 2017, respectively.
Table:
 | December 31, 2019 | December 31, 2018 | December 31, 2017
Cost of sales | 22 | 23 | 12
Selling, general and administrative | 46 | 67 | 31
Research and development | 77 | 35 | 18
Total pre-payroll tax and social contribution compensation | 145 | 125 | 61


Question: What was the compensation cost excluding payroll tax and social contribution, capitalised as a part of inventory as of 31 December 2019?
Answer: $6 million
The Systems gross profit margin increased 3.2 points to 53.1 percent in 2019 compared to the prior year. The increase was driven by actions taken in 2018 to better position the cost structure over the longer term, a mix to IBM Z hardware and operating systems and margin improvement in Storage Systems.
Pre-tax income of $701 million declined 22.4 percent and pre-tax margin of 8.4 percent decreased 1.8 points year to year driven by the declines in Power Systems and Storage Systems revenue and the continued investment in innovation across the Systems portfolio, mitigated by the benefit from the new hardware launches in the second-half 2019.
Table:
($ in millions) |  |  | 
For the year ended December 31: | 2019 | 2018 | Yr.-to-Yr Percent/ Margin Change
Systems |  |  | 
External Systems Hardware gross profit | $2,622 | $2,590 | 1.2%
External Systems Hardware gross profit margin | 44.3% | 40.7% | 3.6pts.
External Operating Systems Software gross profit | $1,412 | $1,412 | 0.0%
External Operating Systems Software gross profit margin | 83.8% | 84.5% | (0.7)pts.
External total gross profit | $4,034 | $4,002 | 0.8%
External total gross profit margin | 53.1% | 49.8% | 3.2pts.
Pre-tax income | $701 | $904 | (22.4)%
Pre-tax margin | 8.4% | 10.2% | (1.8)pts.


Question: What was the Pre-tax margin in 2019?
Answer: 8.4%
We make contributions to our defined benefit plans as required under various pension funding regulations. We expect to make contributions of approximately
$1,420 to the international plans in fiscal 2020 based on current actuarial computations
Estimated future benefit payments are as follows:
Savings plans:
We sponsor retirement savings plans, which allow eligible employees to defer part of their annual compensation. Certain contributions by us are discretionary and
are determined by our Board of Directors each year. Our contributions to the savings plans in the United States for the fiscal years ended March 31, 2017, 2018 and 2019
were approximately $4,367, $4,421, and $4,913, respectively.
We also sponsor a nonqualified deferred compensation program, which permits certain employees to annually elect to defer a portion of their compensation until
retirement. A portion of the deferral is subject to a matching contribution by us. The employees select among various investment alternatives, which are the same as are
available under the retirement savings plans, with the investments held in a separate trust. The value of the participants’ balances fluctuate based on the performance of
the investments. The market value of the trust at March 31, 2018 and 2019 of $6,649 and $4,693, respectively, is included as an asset and a liability in our accompanying
balance sheet because the trust’s assets are both assets of the Company and a liability as they are available to general creditors in certain circumstances
Table:
Fiscal Year ended March 31, | US Plans | International Plans
2020 | $2,295 | $7,055
2021 | 2,333 | 7,197
2022 | 2,353 | 7,337
2023 | 2,371 | 7,624
2024 | 2,388 | 7,624
2025-2029 | 11,880 | 40,364


Question: What are the future benefit payments of International Plans for the fiscal years ended March 31, 2020 to 2022?
Answer: 7,055, 7,197, 7,337
GasLog Ltd. and its Subsidiaries
Notes to the consolidated financial statements (Continued)
For the years ended December 31, 2017, 2018 and 2019
(All amounts expressed in thousands of U.S. Dollars, except share and per share data)
22. Share-Based Compensation (Continued)
Movement in RCUs and PCUs
The summary of RCUs and PCUs is presented below:
The total expense recognized in respect of share-based compensation for the year ended December 31, 2019 was $5,107 (December 31, 2018: $5,216 and December 31, 2017: $4,565). The total accrued cash distribution as of December 31, 2019 is $1,176 (December 31, 2018: $1,265).
Table:
 | Number of awards | Weighted average contractual life | Aggregate fair value
RCUs |  |  | 
Outstanding as of January 1, 2018 | 67,475 | 1.38 | 1,429
Granted during the year | 24,608 | — | 576
Vested during the year | (16,999) | — | (410)
Outstanding as of December 31, 2018 | 75,084 | 1.25 | 1,595
Granted during the year | 26,308 | — | 605
Vested during the year | (24,925) | — | (410)
Outstanding as of December 31, 2019 | 76,467 | 1.26 | 1,790
PCUs |  |  | 
Outstanding as of January 1, 2018 | 67,475 | 1.38 | 1,429
Granted during the year | 24,608 | — | 576
Vested during the year | (16,999) | — | (410)
Outstanding as of December 31, 2018 | 75,084 | 1.25 | 1,595
Granted during the year | 26,308 | — | 605
Vested during the year | (24,925) | — | (410)
Outstanding as of December 31, 2019 | 76,467 | 1.26 | 1,790


Question: What was the percentage change in total accrued cash distribution from 2018 to 2019?
Answer: -7.04
Calculation: ($1,176- $1,265)/$1,265
GasLog Ltd. and its Subsidiaries
Notes to the consolidated financial statements (Continued)
For the years ended December 31, 2017, 2018 and 2019
(All amounts expressed in thousands of U.S. Dollars, except share and per share data)
17. General and Administrative Expenses
An analysis of general and administrative expenses is as follows:
* Employee costs include restructuring costs of $3,975 pursuant to management’s decision to relocate more of its employees including several members of senior management to the Piraeus, Greece office.
Table:
 |  | For the year ended December 31, | 
 | 2017 | 2018 | 2019
Employee costs* | 18,789 | 20,980 | 24,863
Share-based compensation (Note 22) | 4,565 | 5,216 | 5,107
Other expenses | 16,496 | 15,797 | 17,415
Total | 39,850 | 41,993 | 47,385


Question: What was the cost of restructuring?
Answer: $3,975
FAIR VALUE
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
Certain fair value estimates are affected by assumptions we make about the amount and timing of future cash flows and discount rates, all of which reflect varying degrees of risk. Income taxes and other expenses that would be incurred on disposition of financial instruments are not reflected in the fair values. As a result, the fair values are not the net amounts that would be realized if these instruments were settled.
The carrying values of our cash and cash equivalents, trade and other receivables, dividends payable, trade payables and accruals, compensation payable, severance and other costs payable, interest payable, notes payable and loans secured by trade receivables approximate fair value as they are short-term.
The following table provides the fair value details of financial instruments measured at amortized cost in the statements of financial position.
(1) Upon adoption of IFRS 16 on January 1, 2019, fair value disclosures are no longer required for leases
Table:
 |  |  | DECEMBER 31, 2019 |  | DECEMBER 31, 2018 | 
 | CLASSIFICATION | FAIR VALUE METHODOLOGY | CARRYING VALUE | FAIR VALUE | CARRYING VALUE | FAIR VALUE
CRTC tangible benefits obligation | Trade payables and other liabilities and other non-current liabilities | Present value of estimated future cash flows discounted using observable market interest rates | 29 | 29 | 61 | 61
CRTC deferral account obligation | Trade payables and other liabilities and other non-current liabilities | Present value of estimated future cash flows discounted using observable market interest rates | 82 | 85 | 108 | 112
Debt securities and other debt | Debt due within one year and long-term debt | Quoted market price of debt | 18,653 | 20,905 | 18,188 | 19,178
Finance leases (1) | Debt due within one year and long-term debt | Present value of future cash flows discounted using observable market interest rates | - | - | 2,097 | 2,304


Question: Which segments approximate fair value as they are short-term?
Answer: The carrying values of our cash and cash equivalents, trade and other receivables, dividends payable, trade payables and accruals, compensation payable, severance and other costs payable, interest payable, notes payable and loans secured by trade receivables
The long-term rate of return assumption represents the expected average rate of earnings on the funds invested or to be invested to provide for the benefits included in the benefit obligations. That assumption is determined based on a number of factors, including historical market index returns, the anticipated long-term asset allocation of the plans, historical plan return data, plan expenses, and the potential to outperform market index returns.
We have the responsibility to formulate the investment policies and strategies for the plans’ assets. Our overall policies and strategies include: maintain the highest possible return commensurate with the level of assumed risk, and preserve benefit security for the plans’ participants.
We do not direct the day-to-day operations and selection process of individual securities and investments and, accordingly, we have retained the professional services of investment management organizations to fulfill those tasks. The investment management organizations have investment discretion over the assets placed under their management. We provide each investment manager with specific investment guidelines by asset class.
Table:
 |  | Years Ended September 30, | 
 | 2019 | 2018 | 2017
Weighted-average assumptions used to determine benefit obligation at September 30: |  |  | 
Discount rate | 2.5% | 3.6% | 3.3%
Rate of compensation increase | 3.1% | 3.3% | 3.2%
Weighted-average assumptions used to determine net periodic benefit cost for the years ended September 30: |  |  | 
Discount rate | 3.6% | 3.3% | 3.0%
Expected return on plan assets | 5.7% | 6.8% | 6.8%
Rate of compensation increase | 3.3% | 3.2% | 3.1%


Question: What does the long-term rate of return assumption represent?
Answer: the expected average rate of earnings on the funds invested or to be invested to provide for the benefits included in the benefit obligations
Pensions
As of June 30, 2019, our total unfunded pension plan obligations were $77.5 million, of which $2.3 million is payable within the next twelve months. We expect to be able to make the long-term and short-term payments related to these obligations in the normal course of operations.
Our anticipated payments under our most significant plans for the fiscal years indicated below are as follows:
For a detailed discussion on pensions, see note 11 "Pension Plans and Other Post Retirement Benefits" to our Consolidated Financial Statements.
Table:
 |  | Fiscal years ending June 30, | 
 | CDT | GXS GER | GXS PHP
2020 | $675 | $1,012 | $161
2021 | 758 | 1,011 | 153
2022 | 832 | 1,044 | 352
2023 | 933 | 1,043 | 208
2024 | 1,041 | 1,050 | 272
2025 to 2028 | 6,009 | 5,308 | 2,389
Total | $10,248 | $10,468 | $3,535


Question: Where is a detailed discussion on pensions found?
Answer: note 11 "Pension Plans and Other Post Retirement Benefits" to our Consolidated Financial Statements
21 Called up share capital and reserves
Other reserves in the Consolidated Statement of Changes in Equity on pages 151 to 152 are made up as follows:
The change in translation reserve includes a £1.4m credit transferred from retained earnings.
Table:
 | 1st January 2019 | Change in year | 31st December 2019
 | £m | £m | £m
Translation reserve | 30.3 | (45.0) | (14.7)
Net investment hedge reserve | (7.4) | 12.9 | 5.5
Cash flow hedges reserve | – | 3.3 | 3.3
Capital redemption reserve | 1.8 | – | 1.8
Employee Benefit Trust reserve | (2.5) | (4.0) | (6.5)
Total other reserves | 22.2 | (32.8) | (10.6)


Question: How many types of other reserves registered a negative Change in year amount?
Answer: 2
Calculation: Translation reserve##Employee Benefit Trust reserve
Class A
As of December 31, 2019 and 2018, there were no weighted average shares of unvested Class A restricted common stock shares considered to be participating securities.
The computation of diluted earnings per share assumes the issuance of common stock for all potentially dilutive stock options and restricted stock units not classified as participating securities.
As of December 31, 2019, there were 1,718,865 shares of Class A restricted stock units and 1,478,756 Class A stock options outstanding and considered to be potentially dilutive securities. As of December 31, 2018, there were 912,315 shares of Class A restricted stock units and 866,011 Class A stock options outstanding and considered to be potentially dilutive securities.
The components of the calculation of basic earnings per share and diluted earnings per share are as follows:
For annual earnings per share calculations, there were 407,120 and 651,154 dilutive equity awards outstanding for the years ended December 31, 2019 and 2018. Awards of 920,845 and 469,112 shares of common stock for 2019 and 2018, respectively, were not included in the computation of diluted earnings per share because inclusion of these awards would be anti-dilutive.
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Net income | $8,675 | $13,489
Weighted average common shares outstanding: |  | 
Class A common stock - basic | 89,251,818 | 88,394,580
Class A common stock - diluted | 89,658,938 | 89,045,734


Question: How much was the shares of Class A restricted stock unit as of December 31, 2018?
Answer: 912,315
Life Sciences Segment
Selling, general and administrative: Selling, general and administrative expenses from our Life Sciences segment for the year ended December 31, 2019 decreased $5.0 million to $8.6 million from $13.6 million for the year ended December 31, 2018. The decrease was driven by comparably fewer expenses at the Pansend holding company, which incurred additional compensation expense in the prior period related to the performance of the segment. The decrease was also due to a reduction in costs associated with the sale of BeneVir in the second quarter of 2018.
Table:
Life Sciences Segment |  |  | 
 |  | Years Ended December 31, | 
 | 2019 | 2018 | Increase / (Decrease)
Selling, general and administrative | $8.6 | $13.6 | $(5.0)
Depreciation and amortization | 0.3 | 0.2 | 0.1
Loss from operations | (8.9) | $(13.8) | $4.9


Question: What was the percentage increase / (decrease) in the selling, general and administrative expenses from 2018 to 2019?
Answer: -36.76
Calculation: 8.6 / 13.6 - 1
Reconciliations between the amounts computed by applying the U.S. federal statutory tax rate to loss before income taxes, and income tax expense (benefit) follows (in thousands):
We determined no material liabilities related to uncertain income tax positions existed as of December 31, 2019 or 2018, based on our analysis of tax positions taken on income tax returns filed. Although we believe the amounts reflected in our tax returns substantially comply with applicable U.S. federal, state, and foreign tax regulations, the respective taxing authorities may take contrary positions based on their interpretation of the law. A tax position successfully challenged by a taxing authority could result in an adjustment to our provision or benefit for income taxes in the period in which a final determination is made.
Table:
Year Ended December 31 |  | 
 | 2019 | 2018
Income tax benefit at federal statutory rate | $(2,928) | $(1,692)
Increase (decrease) resulting from: |  | 
State tax benefit, net of federal tax effect | (437) | (184)
Effect of change in state tax rate | (26) | 146
Change in valuation allowance | 3,341 | (8,474)
Expirations of net operating losses and application of IRC 382 limitation | 7 | 9,939
Adjustments to deferreds | (29) | 321
Other | 72 | (11)
Income tax expense | $          - | $           45


Question: What is the percentage change in the income tax benefit between 2018 and 2019?
Answer: 73.05
Calculation: (2,928 - 1,692)/1,692
Restricted Share Awards
Restricted share awards, which are generally in the form of restricted share units, are granted subject to certain restrictions. Conditions of vesting are determined at the time of grant. All restrictions on an award will lapse upon death or disability of the employee. If the employee satisfies retirement requirements, a portion of the award may vest, depending on the terms and conditions of the particular grant. Recipients of restricted share units have no voting rights, but do receive dividend equivalents. For grants that vest through passage of time, the fair value of the award at the time of the grant is amortized to expense over the period of vesting. The fair value of restricted share awards is determined based on the closing value of our shares on the grant date. Restricted share awards generally vest in increments over a period of four years as determined by the management development and compensation committee.
Restricted share award activity was as follows:
The weighted-average grant-date fair value of restricted share awards granted during fiscal 2019, 2018, and 2017 was $77.77, $93.45, and $67.72, respectively.
The total fair value of restricted share awards that vested during fiscal 2019, 2018, and 2017 was $48 million, $50 million, and $50 million, respectively.
As of fiscal year end 2019, there was $64 million of unrecognized compensation expense related to nonvested restricted share awards, which is expected to be recognized over a weighted-average period of 1.7 years.
Table:
 | Shares | Weighted-Average Grant-Date Fair Value
Nonvested at fiscal year end 2018 | 1,631,470 | $  75.39
Granted | 692,899 | 77.77
Vested | (689,040) | 70.31
Forfeited | (232,910) | 78.80
Nonvested at fiscal year end 2019 | 1,402,419 | $  78.36


Question: What was the total fair value of restricted share awards that vested during fiscal 2019?
Answer: $48 million
Global Business Services
* Recast to reflect segment changes.
Global Business Services revenue increased compared to 2017 driven by strong growth in Consulting, led by key offerings in digital Global Business Services revenue increased compared to 2017 driven by strong growth in Consulting, led by key offerings in digital and cloud application, where the business has brought together technology and industry expertise to help clients on their digital journey. GPS grew year to year, while Application Management revenue was flat as reported and declined adjusted for currency compared to 2017.
While we continued to help clients move to the cloud with offerings such as Cloud Migration Factory and cloud application development, there were continued declines in the more traditional application management engagements. Within GBS, cloud revenue of $4.7 billion grew 20 percent as reported and 19 percent adjusted for currency compared to the prior year.
Table:
($ in millions) |  |  |  | 
For the year ended December 31: | 2018 | 2017 | Yr.-to-Yr. Percent Change | Yr.-to-Yr. Percent Change Adjusted for Currency
Global Business Services external revenue | $16,595* | $16,073* | 3.2% | 2.3%
Consulting | $7,705 | $7,262 | 6.1% | 5.1%
Application Management | 7,852 | 7,821 | 0.4 | (0.5)
Global Process Services | 1,037* | 990* | 4.8 | 4.7


Question: What is the average consulting?
Answer: 7483.5
Calculation: (7,705 + 7,262) / 2
Contractual Obligations and Commitments
The following table summarizes our contractual cash obligations and other commercial commitments as of December 31, 2019.
(1) These amounts include interest and principal payment obligations on our €135.0 million of 2024 Notes through the maturity date of June 30, 2024, interest and principal payments on our $445.0 million of 2022 Notes through the maturity date of March 1, 2022, interest and principal payments on our $189.2 million of 2021 Notes through the maturity date of April 15, 2021 and $12.5 million due under an installment payment agreement with a vendor.
(2) The amounts include principal and interest payments under our finance lease obligations. Our finance lease obligations were incurred in connection with IRUs for inter-city and intra-city dark fiber underlying substantial portions of our network. These finance leases are presented on our balance sheet at the net present value of the future minimum lease payments, or $169.8 million at December 31, 2019. These leases generally have initial terms of 15 to 20 years.
(3) These amounts include amounts due under our facilities, operating leases, colocation obligations and carrier neutral data center obligations. Certain of these operating lease liabilities are presented on our balance sheet at the net present value of the future minimum lease payments, or $96.8 million at December 31, 2019.
(4) These amounts include amounts due under unconditional purchase obligations including dark fiber IRU operating and finance lease agreements entered into but not delivered and accepted prior to December 31, 2019.
Table:
 |  |  | Payments due by period |  | 
 | Total | Less than 1 year | 1 - 3 years | 3 - 5 years | After 5 years
 |  |  | (in thousands) |  | 
Debt(1) | 903,696 | 50,601 | 691,748 | 161,347 | —
Finance lease obligations(2) | 340,188 | 25,459 | 48,693 | 45,311 | 220,725
Operating leases, colocation and data center obligations(3) | 205,087 | 36,119 | 42,344 | 26,138 | 100,486
Unconditional purchase obligations(4) | 27,885 | 12,154 | 1,346 | 1,307 | 13,078
Total contractual cash obligations | $1,476,856 | $124,333 | $784,131 | $234,103 | $334,289


Question: What is the company's total debt due within 3 years?
Answer: 742349
Calculation: (50,601 + 691,748)