hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
The 2019 operating expenses increased 3.9% compared to the prior year, mainly due to salary dynamic, increased spending in certain R&D programs and higher share-based compensation cost, partially offset by favorable currency effects, net of hedging.
The 2018 operating expenses increased 9.5% compared to the prior year, mainly due to unfavorable currency effects, net of hedging, salary dynamic, increased R&D activities and higher costs of the share-based compensation plans.
The R&D expenses were net of research tax credits in France and Italy, which amounted to $126 million in 2019, $138 million in 2018 and $124 million in 2017.
Table:
 | Year Ended December 31, | Year Ended December 31, | Year Ended December 31, | Variation | Variation
 | 2019 | 2018 | 2017 | 2019 vs 2018 | 2018 vs 2017
 | (In millions) | (In millions) | (In millions) |  | 
Selling, general and administrative expenses | $(1,093) | $(1,095) | $(981) | 0.3% | (11.7)%
Research and development expenses | (1,498) | (1,398) | (1,296) | (7.1) | (7.9)
Total operating expenses | $(2,591) | $(2,493) | $(2,277) | (3.9)% | (9.5)%
As percentage of net revenues | (27.1)% | (25.8)% | (27.3)% | -130 bps | +150 bps


Question: What is the average Research and development expenses?
Answer: 1397.33
Calculation: (1,498+1,398+1,296) / 3
NOTES PAYABLE (continued)
All of these notes payable issued by the Group were unsecured.
On 1 April 2019, the Company updated the Global Medium Term Note Programme (the “Programme”) to include, among other things, the Company’s recent corporate and financial information and increased the limit of aggregate principal amount of the notes under the Programme from USD10 billion to USD20 billion (or its equivalent in other currencies).
On 11 April 2019, the Company issued five tranches of senior notes under the Programme with an aggregate principal amount of USD6 billion as set out below.
During the year ended 31 December 2019, the notes payable with an aggregate principal amount of USD2,000 million issued in April 2014 reached their maturity and were repaid in full by the Group.
As at 31 December 2019, the fair value of the notes payable amounted to RMB98,668 million (31 December 2018: RMB62,820 million). The respective fair values are assessed based on the active market price of these notes on the reporting date or by making reference to similar instruments traded in the observable market.
Table:
 | Amount (USD’Million) | Interest Rate (per annum) | Due
2024 Notes | 1,250 | 3.280% | 2024
2024 Floating Rate Notes | 750 | 3-month USD LIBOR + 0.910% | 2024
2026 Notes | 500 | 3.575% | 2026
2029 Notes | 3,000 | 3.975% | 2029
2049 Notes | 500 | 4.525% | 2049
 | 6,000 |  | 


Question: How many percent of the total notes payable is the 2029 Notes?
Answer: 50
Calculation: 3,000/6,000
GreenSky, Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) (United States Dollars in thousands, except per share data, unless otherwise stated)
Details of the Company’s deferred tax assets and liabilities are as follows:
As of December 31, 2019, the Company had net operating loss carryforwards (“NOLs”) of $4.7 million, of which approximately $3.9 million have an indefinite life. NOLs of $0.8 million will begin to expire in 2030. As of December 31, 2019, the Company had federal and state tax credit carryforwards of $0.2 million and $0.5 million, respectively, which will begin to expire in 2028 and 2038. The Company believes as of December 31, 2019, it is more likely than not that the results of future operations will generate sufficient taxable income to realize the NOLs and tax credits and, as such, no valuation allowance was recorded.
Table:
 | Year Ended December 31, | 
 | 2019 | 2018
Deferred tax assets: |  | 
Investment in partnership | $358,024 | $299,466
Net operating loss carryforwards and tax credits | 5,160 | 5,634
Other | 1,657 | 1,879
Total | 364,841 | 306,979
Valuation allowance | — | —
Total deferred tax assets | 364,841 | 306,979
Total deferred tax liabilities | — | —
Deferred tax assets, net | $364,841 | $306,979


Question: What was the company's investment in partnership in 2018?
Answer: 299,466
Income taxes. Income tax expense and effective annual income tax rates for fiscal 2019 and 2018, as well as information as to the effects of the U.S. Tax Reform in fiscal 2018, were as follows (dollars in millions):
(1) We believe the non-GAAP presentation of income tax expense and the effective annual tax rate excluding special tax items, the one-time employee bonus and restructuring charges provides additional insight over the change from the comparative reporting periods by isolating the impact of these significant, special items. In addition, the Company believes that its income tax expense, as adjusted, and effective tax rate, as adjusted, enhance the ability of investors to analyze the Company’s operating performance and supplement, but do not replace, its income tax expense and effective tax rate calculated in accordance with U.S. GAAP.
Income tax expense for fiscal 2019 was $17.3 million compared to $94.6 million for fiscal 2018. The decrease is primarily due to the $85.9 million impact of Tax
Reform that was recorded in fiscal 2018, which was partially offset by an increase in tax expense due to the global intangible low-taxed income provisions
("GILTI") of Tax Reform in fiscal 2019. Income tax expense also decreased by $10.5 million in fiscal 2019 as the Company reasserted that certain historical
undistributed earnings of two foreign subsidiaries will be permanently reinvested based on the expected working capital requirements of these two foreign
subsidiaries.
The $94.6 million of income tax expense recorded during fiscal 2018 included $85.9 million related to the enactment of Tax Reform. Included in the fiscal 2018 income tax expense was a $3.6 million benefit for the valuation allowance released against the net deferred tax assets in the U.S. as the Company is subject to GILTI.
Table:
 | 2019 | 2018
Income tax expense, as reported (GAAP) | $17.3 | $94.6
Accumulated foreign earnings assertion  | 10.5 | —
U.S. Tax Reform | (7.0) | (85.9)
Impact of other special tax items | 0.2 | (1.1)
Impact of valuation allowance release  | — | 3.6
Impact of one-time employee bonus | — | 0.3
Income tax expense, as adjusted (non-GAAP) (1) | $21.0 | $11.5


Question: What was the amount of U.S. Tax Reform in 2018?
Answer: (85.9)
Debt
Our funding requirements are continually monitored and we execute our strategies to manage the overall asset and liability profile. Additionally, we maintain sufficient flexibility to access global funding sources as needed.
Total debt of $62,899 million increased $17,087 million from December 31, 2018, driven by issuances of $32,415 million; partially offset by debt maturities of $12,673 million and a decrease in commercial paper of $2,691 million.
Non-Global Financing debt of $38,173 million increased $23,587 million from prior year-end levels primarily driven by issuances to fund the Red Hat acquisition.
Global Financing debt of $24,727 million decreased $6,500 million from December 31, 2018, primarily due to the wind down of OEM IT commercial financing operations.
Global Financing provides financing predominantly for IBM’s external client assets, as well as for assets under contract by other IBM units. These assets, primarily for GTS, generate long-term, stable revenue streams similar to the Global Financing asset portfolio. Based on their attributes, these GTS assets are leveraged with the balance of the Global Financing asset base.
The debt used to fund Global Financing assets is composed of intercompany loans and external debt. Total debt changes generally correspond with the level of client and commercial financing receivables, the level of cash and cash equivalents, the change in intercompany and external payables and the change in intercompany investment from IBM. The terms of the intercompany loans are set by the company to substantially match the term, currency and interest rate variability underlying the financing receivable and are based on arm’s-length pricing. The Global Financing debt-to-equity ratio remained at 9 to 1 at December 31, 2019.
As previously stated, we measure Global Financing as a stand-alone entity, and accordingly, interest expense relating to debt supporting Global Financing’s external client and internal business is included in the “Global Financing Results of Operations” and in note D, “Segments.” In the Consolidated Income Statement, the external debt-related interest expense supporting Global Financing’s internal financing to IBM is reclassified from cost of financing to interest expense.
Table:
($ in millions) |  | 
At December 31: | 2019 | 2018
Total company debt | $62,899 | $45,812
Total Global Financing segment debt | $24,727 | $31,227
Debt to support external clients | 21,487 | 27,536
Debt to support internal clients | 3,239 | 3,690
Non-Global Financing debt | 38,173 | 14,585


Question: What was the increase / (decrease) in the total company debt from 2018 to 2019?
Answer: 17087
Calculation: 62,899 - 45,812
Property, plant and equipment consists of the following (in millions):
Depreciation expense was $52.3 million and $46.6 million for the years ended December 31, 2019 and 2018, respectively. These amounts included $9.1 million and $7.0 million of depreciation expense recognized within cost of revenue for the years ended December 31, 2019 and 2018, respectively.
As of December 31, 2019 and 2018 total net book value of equipment, cable-ships, and submersibles under capital leases consisted of $35.1 million and $40.0 million, respectively.
For the year ended December 31, 2018, our Energy segment recorded an impairment expense of $0.7 million, of which $0.4 million was due to station performance and $0.3 million was related to the abandonment of a station development project.
Table:
 | December 31, | 
 | 2019 | 2018
Cable-ships and submersibles | $ 246.5 | $ 251.1
Equipment, furniture and fixtures, and software | 214.1 | 148.0
Building and leasehold improvements | 48.9 | 47.3
Land | 36.8 | 32.8
Construction in progress | 14.3 | 12.9
Plant and transportation equipment | 13.5 | 12.0
 | 574.1 | 504.1
Less: Accumulated depreciation | 168.3 | 127.8
Total | $ 405.8 | $ 376.3


Question: What is the increase / (decrease) in the Cable-ships and submersibles from 2018 to 2019?
Answer: -4.6
Calculation: 246.5 - 251.1
NOTE 21 — QUARTERLY INFORMATION (UNAUDITED)
(a) Reflects the $157 million net charge related to the enactment of the TCJA for the second quarter and the $2.6 billion net income tax benefit related to the intangible property transfers for the fourth quarter, which together increased net income by $2.4 billion for fiscal year 2019. See Note 12 – Income Taxes for further information.
(b) Reflects the net charge related to the enactment of the TCJA and the net income tax benefit related to the intangible property transfers, which decreased (increased) diluted EPS $0.02 for the second quarter, $(0.34) for the fourth quarter, and $(0.31) for fiscal year 2019.
(c) Reflects the net charge (benefit) related to the enactment of the TCJA of $13.8 billion for the second quarter, $(104) million for the fourth quarter, and $13.7 billion for fiscal year 2018.
(d) Reflects the net charge (benefit) related to the enactment of the TCJA, which decreased (increased) diluted EPS $1.78 for the second quarter, $(0.01) for the fourth quarter, and $1.75 for fiscal year 2018.
Table:
(In millions, except per share amounts) |  |  |  |  | 
Quarter Ended | September 30 | December 31 | March 31 | June 30 | Total
Fiscal Year 2019 |  |  |  |  | 
Revenue | $  29,084 | $  32,471 | $  30,571 | $  33,717 | $  125,843
Gross margin | 19,179 | 20,048 | 20,401 | 23,305 | 82,933
Operating income | 9,955 | 10,258 | 10,341 | 12,405 | 42,959
Net income (a) | 8,824 | 8,420 | 8,809 | 13,187 | 39,240
Basic earnings per share | 1.15 | 1.09 | 1.15 | 1.72 | 5.11
Diluted earnings per share (b) | 1.14 | 1.08 | 1.14 | 1.71 | 5.06
Fiscal Year 2018 |  |  |  |  | 
Revenue | $  24,538 | $ 28,918 | $ 26,819 | $ 30,085 | $ 110,360
Gross margin | 16,260 | 17,854 | 17,550 | 20,343 | 72,007
Operating income | 7,708 | 8,679 | 8,292 | 10,379 | 35,058
Net income (loss) (c) | 6,576 | (6,302) | 7,424 | 8,873 | 16,571
Basic earnings (loss) per share | 0.85 | (0.82) | 0.96 | 1.15 | 2.15
Diluted earnings (loss) per share (d) | 0.84 | (0.82) | 0.95 | 1.14 | 2.13


Question: How much was the net charge related to the enactment of the TCJA for the second quarter?
Answer: $157 million net charge related to the enactment of the TCJA for the second quarter
eog resources , inc . supplemental information to consolidated financial statements ( continued ) capitalized costs relating to oil and gas producing activities . the following table sets forth the capitalized costs relating to eog's crude oil and natural gas producing activities at december 31 , 2017 and 2016: .

Table:
 | 2017 | 2016
proved properties | $ 48845672 | $ 45751965
unproved properties | 3710069 | 3840126
total | 52555741 | 49592091
accumulated depreciation depletion and amortization | -29191247 ( 29191247 ) | -26247062 ( 26247062 )
net capitalized costs | $ 23364494 | $ 23345029
costs incurred in oil and gas property acquisition , exploration and development activities .
the acquisition , exploration and development costs disclosed in the following tables are in accordance with definitions in the extractive industries - oil and a gas topic of the accounting standards codification ( asc ) .
acquisition costs include costs incurred to purchase , lease or otherwise acquire property .
exploration costs include additions to exploratory wells , including those in progress , and exploration expenses .
development costs include additions to production facilities and equipment and additions to development wells , including those in progress. .

Question: what are the average cost of accumulated depreciation depletion and amortization for 2016 and 2017?
Answer: 27719154.5
Calculation: table_average(accumulated depreciation depletion and amortization, none)
Income Tax Provision Reconciliation
The difference between the income tax benefit (provision) and income taxes computed using the U.S. federal income tax rate was as follows for the years ended September 30, 2019, 2018, and 2017 (amounts shown in thousands):
Table:
 | 2019 | 2018 | 2017
Amount computed using statutory rate | $841 | $2,122 | $(1,078)
Net change in valuation allowance for net deferred tax assets | (459) | (367) | 10,058
AMT and other | — | (191) | 20
Foreign rate differential | 664 | 22 | (169)
Non-deductible items | (151) | (276) | (370)
State income tax | (370) | 50 | (34)
Impact of tax reform on deferred taxes | — | (4,901) | —
Research and development credits | 1,694 | 475 | 2,494
Foreign income tax | (494) | — | —
Stock compensation, net | 1,539 | — | —
Income tax benefit (provision) | $3,264 | $(3,066) | $10,921


Question: Which year has the highest income tax benefit? 
Answer: 2017
Calculation: 10,921>3,264>-3,066
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
NOTE 13. INTANGIBLE ASSETS
Intangible assets consisted of the following as of December 31, 2019 and 2018:
At December 31, 2019, the weighted average remaining useful life of intangibles subject to amortization was approximately 11.2 years.
Table:
December 31, 2019 | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount
Technology | $83,368 | $(14,250) | $69,118
Customer relationships | 108,995 | (18,197) | 90,798
Trademarks and other | 26,888 | (2,793) | 24,095
Total | $219,251 | $(35,240) | $184,011
December 31, 2018 | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount
Technology | $39,879 | $(7,927) | $31,952
Customer relationships | 35,509 | (13,484) | 22,025
Trademarks and other | 2,501 | (1,568) | 933
Total | $77,889 | $(22,979) | $  54,910


Question: What was the two highest net carrying amounts segments in 2018?
Answer: Technology, Customer relationships
Calculation: Find the 2 largest values for Rows 7 to 9, COL5 and the corresponding component in COL2
ALTERNATIVE PERFORMANCE MEASURES – continued
Return on Invested Capital (RoIC): TORM defines RoIC as earnings before interest and tax (EBIT) less tax, divided by the average invested capital for the period. Invested capital is defined below.
RoIC expresses the returns generated on capital invested in the Group. The progression of RoIC is used by TORM to measure progress against our longer-term value creation goals outlined to investors. RoIC is calculated as follows:
Table:
USDm | 2019 | 2018 | 2017
Operating profit/(loss) (EBIT) | 205.9 | 2.8 | 39.5
Tax | -0.8 | -1.6 | -0.8
EBIT less Tax | 205.1 | 1.2 | 38.7
Invested capital, opening balance | 1,469.4 | 1,406.0 | 1,387.7
Invested capital, ending balance | 1,786.0 | 1,469.4 | 1,406.0
Average invested capital for the year | 1,627.7 | 1,437.7 | 1,396.9
Return on Invested Capital (RoIC) | 12.6% | 0.1% | 2.8%


Question: What was the change in the Average invested capital for the year in 2019 from 2018?
Answer: 190
Calculation: 1,627.7-1,437.7
visa inc . notes to consolidated financial statements 2014 ( continued ) september 30 , 2008 ( in millions , except as noted ) secured notes series b-1995 lease agreement in september 1995 , a real estate partnership owned jointly by visa u.s.a . and visa international issued notes that are secured by certain office properties and facilities in california which are used by the company through a lease financing of net-leased office space ( 201c1995 lease agreement 201d ) . series b of these notes , totaling $ 27 million , were issued with an interest rate of 7.83% ( 7.83 % ) and a stated maturity of september 15 , 2015 , and are payable monthly with interest-only payments for the first ten years and payments of interest and principal for the remainder of the term . series b debt issuance costs of $ 0.3 million and a $ 0.8 million loss on termination of a forward contract are being amortized on a straight- line basis over the life of the notes . the settlement entered into in connection with visa check/ master money antitrust litigation had triggered an event of default under the 1995 lease agreement . accordingly , the related debt was classified as a current liability at september 30 , 2007 . in may 2008 , visa inc. , visa u.s.a . and visa international executed an amendment and waiver to the 1995 lease agreement ( 201camended 1995 lease agreement 201d ) , curing the default and including a guarantee of remaining obligations under the agreement by visa inc . the interest terms remained unchanged . future principal payments future principal payments on the company 2019s outstanding debt are as follows: .

Table:
fiscal | ( in millions )
2009 | 52
2010 | 12
2011 | 12
2012 | 13
2013 | 8
thereafter | 11
total | $ 108
u.s .
commercial paper program visa international maintains a u.s .
commercial paper program to support its working capital requirements and for general corporate purposes .
this program allows the company to issue up to $ 500 million of unsecured debt securities , with maturities up to 270 days from the date of issuance and at interest rates generally extended to companies with comparable credit ratings .
at september 30 , 2008 , the company had no outstanding obligations under this program .
revolving credit facilities on february 15 , 2008 , visa inc .
entered into a $ 3.0 billion five-year revolving credit facility ( the 201cfebruary 2008 agreement 201d ) which replaced visa international 2019s $ 2.25 billion credit facility .
the february 2008 agreement matures on february 15 , 2013 and contains covenants and events of defaults customary for facilities of this type .
at september 30 , 2008 , the company is in compliance with all covenants with respect to the revolving credit facility. .

Question: in 2008 what was the percent of the total future principal payments on the company 2019s outstanding debt that was due in 2009
Answer: 48%
Calculation: divide(52, 108)
The following is a reconciliation of the federal statutory income tax rate to the effective income tax rates reflected in the Consolidated Statements of Comprehensive Income for fiscal 2019, 2018 and 2017:
The effective tax rate for fiscal 2019 was lower than the effective tax rate for fiscal 2018 primarily due to the impact of the U.S. Tax Cuts and Jobs Act (“Tax Reform”) that was recorded in fiscal 2018. During fiscal 2019, the Company reasserted that certain historical undistributed earnings of two foreign subsidiaries will be permanently reinvested which provided a $10.5 million benefit to the effective tax rate. The impact of the changes in the Company's assertion has been included in "Withholding tax on dividends" in the effective income tax reconciliation above. The reduction to the effective tax rate compared to fiscal 2018 was offset by an increase due to the GILTI provisions of Tax Reform in fiscal 2019. The GILTI impact in the table above includes the deduction allowed by the regulations as well as the foreign tax credits attributed to GILTI. The Company has elected to treat the income tax effects of GILTI as a period cost. The effective tax rate for fiscal 2018 was higher than the effective tax rate for fiscal 2017 primarily due to expenses related to Tax Reform.
During fiscal 2019, the Company recorded a $1.9 million increase to its valuation allowance due to continuing losses in certain jurisdictions within the AMER and EMEA segments, partially offset by an expiration of net operating losses that had a valuation allowance recorded.
During fiscal 2018, the Company recorded a $32.9 million reduction to its valuation allowance which includes $9.7 million related to the U.S. federal tax rate change as part of Tax Reform from 35% to 21%, $21.0 million of carryforward credits and net operating losses utilized against the deemed repatriation of undistributed foreign earnings and $3.6 million for the release of the U.S. valuation allowance due to the expected future U.S. taxable income related to the GILTI provisions of Tax Reform. These benefits were partially offset by a $1.4 million increase in foreign valuation allowances in the EMEA segment.
During fiscal 2017, the Company recorded a $14.9 million addition to its valuation allowance relating to continuing losses in certain jurisdictions within the AMER and EMEA segments.
Table:
 | 2019 | 2018 | 2017
Federal statutory income tax rate | 21.0 % | 24.5 %  | 35.0 %
Increase (decrease) resulting from:       |  |  | 
Foreign tax rate differences | (21.0) | (30.2) | (39.9)
Withholding tax on dividends  | (5.4) | 23.7 | —
Permanent differences  | (1.3) | 0.8 | 3.0
Excess tax benefits related to share-based compensation  | (1.3) | (2.7) | (2.0)
Global intangible low-taxed income ("GILTI")  | 11.7 | — | —
Deemed repatriation tax  | 5.6 | 92.2 | —
Non-deductible compensation | 1.5 | 0.2 | 0.2
Valuation allowances  | 1.5 | (30.6) | 12.2
Rate changes  | — | 9.0 | —
Other, net  | 1.5 | 1.0 | (0.5)
Effective income tax rate | 13.8 %  | 87.9 %  | 8.0 %


Question: What was the Federal statutory income tax rate in 2019?
Answer: 21.0
Share Repurchase Program
In both fiscal 2019 and 2018, our board of directors authorized increases of $1.5 billion in our share repurchase program. Common shares repurchased under the share repurchase program were as follows:
At fiscal year end 2019, we had $1.5 billion of availability remaining under our share repurchase authorization.
Table:
 |  | Fiscal | 
 | 2019 | 2018 | 2017
 |  | (in millions) | 
Number of common shares repurchased | 12 | 10 | 8
Repurchase value | $ 1,014 | $ 966 | $ 621


Question: What was the availability remaining under the share repurchase authorization in 2019?
Answer: $1.5 billion