hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Research and Development Expenses: research and development expenses consist primarily of personnel related expenditures. We intend to continue to invest significantly in our research and development efforts because, in our judgment, they are essential to maintaining our competitive position.
(1) Excluding stock-based compensation
On a constant currency basis, total research and development expenses were flat in fiscal 2019, as lower employee related expenses including lower variable compensation were offset by an increase in stock-based compensation expenses .
Table:
Year Ended May 31, |  |  |  | 
 |  |  | Percent Change | 
(Dollars in millions) | 2019 | Actual | Constant | 2018
Research and development (1) | $5,063 | -2% | 0% | $5,163
Stock-based compensation | 963 | 5% | 5% | 921
Total expenses | $6,026 | -1% | 0% | $6,084
% of Total Revenues | 15% |  |  | 15%


Question: What was the difference in total expenses in 2019 relative to 2018?
Answer: -58
Calculation: 6,026 -6,084
5. INVESTMENTS
Investments in Marketable Securities
The Company’s investments in available-for-sale marketable securities are made pursuant to its investment policy, which has established guidelines relative to the diversification of the Company’s investments and their maturities, with the principal objective of capital preservation and maintaining liquidity sufficient to meet cash flow requirements.
The following is a summary of investments, including those that meet the definition of a cash equivalent, as of December 31, 2019 (in thousands):
Table:
 | Amortized Cost | Unrealized Gains | Unrealized Losses | Fair Value
Current assets: |  |  |  | 
Cash | $67,818 | $— | $— | $67,818
Cash equivalents: |  |  |  | 
Money market funds | 126,075 | — | — | 126,075
Corporate bonds | 1,000 | — | — | 1,000
Agency bonds | 6,485 | 1 | — | 6,486
Commercial paper | 9,609 | — | (1) | 9,608
Certificates of deposit | 171 | — | — | 171
US treasury securities | 4,749 | — | — | 4,749
Total cash equivalents | 148,089 | 1 | (1) | 148,089
Total cash and cash equivalents | 215,907 | 1 | (1) | 215,907
Short-term investments: |  |  |  | 
Corporate bonds | 103,130 | 110 | (7) | 103,233
Agency bonds | 3,966 | 2 | — | 3,968
US treasury securities | 50,703 | 62 | (1) | 50,764
Commercial paper | 23,827 | 1 | — | 23,828
Certificates of deposit | 3,936 | 2 | (1) | 3,937
Asset-backed securities | 15,837 | 12 | — | 15,849
Total short-term investments | 201,399 | 189 | (9) | 201,579
Long-term investments: |  |  |  | 
Corporate bonds | 19,407 | 12 | (4) | 19,415
US treasury securities | 19,300 | 25 | — | 19,325
Asset-backed securities | 11,693 | 10 | (1) | 11,702
Strategic investments | 9,750 | — | — | 9,750
Total long-term investments | $60,150 | $47 | $(5) | $60,192


Question: What is the principal objective of the company's investments?
Answer: capital preservation and maintaining liquidity sufficient to meet cash flow requirements.
Minimising our environmental impact
During FY19 we have undertaken energy audits across all our UK manufacturing sites as part of our Energy Savings Opportunity Scheme (‘ESOS’) compliance programme, which is a mandatory energy assessment scheme for UK organisations. Our progress on energy efficiency improvements remains good, and we have delivered a further 4.9% improvement in our primary energy per tonne of product against last year, and 26.5% over the last six years.
Table:
Category | Destination | FY19 |  | FY18 | 
 |  | Tonnes | % of production | Tonnes | % of production
 | Redistribution for human consumption | 950 | 0.3% | 791 | 0.2%
Waste avoided | Animal feed | 4,454 | 1.2% | 4,895 | 1.3%
 | Total | 5,404 | 1.5% | 5,686 | 1.5%
 | Co/Anaerobic digestion | 24,978 | 6.6% | 32,202 | 8.3%
Food waste | Controlled combustion | 1,650 | 0.4% | 1,964 | 0.5%
 | Sewer | 8,280 | 2.2% | 6,746 | 1.7%
 | Total | 34,908 | 9.2% | 40,912 | 10.5%


Question: What was the change in the animal feed waste avoided from FY18 to FY19?
Answer: -441
Calculation: 4,454 - 4,895
entergy new orleans , inc . and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $ 3.9 million primarily due to higher net revenue , partially offset by higher depreciation and amortization expenses , higher interest expense , and lower other income . 2015 compared to 2014 net income increased $ 13.9 million primarily due to lower other operation and maintenance expenses and higher net revenue , partially offset by a higher effective income tax rate . net revenue 2016 compared to 2015 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges . following is an analysis of the change in net revenue comparing 2016 to 2015 . amount ( in millions ) .

Table:
 | amount ( in millions )
2015 net revenue | $ 293.9
retail electric price | 39.0
net gas revenue | -2.5 ( 2.5 )
volume/weather | -5.1 ( 5.1 )
other | -8.1 ( 8.1 )
2016 net revenue | $ 317.2
the retail electric price variance is primarily due to an increase in the purchased power and capacity acquisition cost recovery rider , as approved by the city council , effective with the first billing cycle of march 2016 , primarily related to the purchase of power block 1 of the union power station .
see note 14 to the financial statements for discussion of the union power station purchase .
the net gas revenue variance is primarily due to the effect of less favorable weather on residential and commercial sales .
the volume/weather variance is primarily due to a decrease of 112 gwh , or 2% ( 2 % ) , in billed electricity usage , partially offset by the effect of favorable weather on commercial sales and a 2% ( 2 % ) increase in the average number of electric customers. .

Question: what was the combined impact in millions on 2016 net revenue from the net gas revenue adjustment , the volume/weather adjustment , and other adjustments?
Answer: -15.7
Calculation: add(-2.5, -5.1), add(#0, -8.1)
For purposes of reconciling the Company’s provision for income taxes at the statutory rate and the Company’s provision (benefit) for income taxes at the effective tax rate, a notional 26% tax rate was applied as follows (in thousands):
The difference between the statutory federal income tax rate and the Company’s effective tax rate in 2019, 2018 and 2017 is primarily attributable to the effect of state income taxes, difference between the U.S. and foreign tax rates, deferred tax state rate adjustment, share-based compensation, true up of deferred taxes, other non-deductible permanent items, and change in valuation allowance. In addition, the Company’s foreign subsidiaries are subject to varied applicable statutory income tax rates for the periods presented.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Income tax at federal statutory rate | $(10,883) | $(9,811) | $(6,659)
Increase (decrease) in tax resulting from: |  |  | 
State income tax expense, net of federal tax effect | (3,657) | (2,749) | (421)
Nondeductible permanent items | 3,522 | (1,522) | 1,506
Foreign rate differential | (367) | 552 | 599
Tax rate change | — | 134 | 7,226
Adjustment to deferred taxes | (1,904) | 307 | 37
Change in valuation allowance | 22,481 | 15,805 | (2,291)
Uncertain tax positions | 128 | 143 | 76
Nonqualified stock option and performance award windfall upon exercise | (9,128) | (1,983) | —
Other | 233 | (80) | (26)
Total | $425 | $796 | $47


Question: What was the Income tax at federal statutory rate in 2019, 2018 and 2017?
Answer: $(10,883), $(9,811), $(6,659)
a) Vessels Under Construction and Upgrades
Teekay LNG's share of commitments to fund newbuilding and other construction contract costs as at December 31, 2019 are as follows:
(i) In June 2019, Teekay LNG entered into an agreement with a contractor to supply equipment on certain of its LNG carriers in 2021 and 2022, for an estimated installed cost of approximately $60.6 million. As at December 31, 2019, the estimated remaining cost of this installation is $49.7 million.
(ii) Teekay LNG has a 30% ownership interest in the Bahrain LNG Joint Venture which has an LNG receiving and regasification terminal in Bahrain. The Bahrain LNG Joint Venture has secured undrawn debt financing of $34 million, of which $10 million relates to Teekay LNG's proportionate share of the commitments included in the table above.
Table:
 | Total | 2020 | 2021 | 2022
 | $ | $ | $ | $
Consolidated LNG carriers (i) | 49,652 | 11,979 | 22,382 | 15,291
Bahrain LNG Joint Venture (ii) | 11,351 | 11,351 | — | —
 | 61,003 | 23,330 | 22,382 | 15,291


Question: What is the average Consolidated LNG carriers, for the year 2020 to 2021?
Answer: 17180.5
Calculation: (22,382+11,979) / 2
Other loss
In May 2019, the Company completed a cash tender offer and purchased $460.9 million in aggregate principal amount of the 2020 Notes and issued $250.0 million in aggregate principal amount of 9.25% senior secured notes at par due November 2022. The Company recognized a loss of $10.6 million on the purchase of the 2020 Notes for the year ended December 31, 2019 (see Note 9).
During September 2019, Teekay LNG refinanced the Torben Spirit by acquiring the Torben Spirit from its original Lessor and then selling the vessel to another Lessor and leasing it back for a period of 7.5 years. As a result of this refinancing transaction, the Partnership recognized a loss of $1.4 million for the year ended December 31, 2019 on the extinguishment of the original finance lease (see Note 11).
Following the termination of the finance lease arrangements for the RasGas II LNG Carriers in 2014, the lessor made a determination that additional rentals were due under the leases following a challenge by the UK taxing authority. As a result, in 2017 the Teekay Nakilat Joint Venture recognized an additional liability, which was included as part of other loss in the Company's consolidated statements of loss.
Related to settlements and accruals made prior to September 2017 as a result of claims and potential claims made against Logitel Offshore Holding AS (or Logitel), a company acquired by Altera in 2014. Altera was deconsolidated in September 2017 (see Note 4).
Table:
 | Year Ended | Year Ended | Year Ended
 | December 31, | December 31, | December 31,
 | 2019 | 2018 | 2017
 | $ | $ | $
Loss on bond repurchases (1) | (10,601) | (1,772) | —
Loss on lease extinguishment (2) | (1,417) | — | —
Tax indemnification guarantee liability (3) | — | (600) | (50,000)
Contingent liability (4) | — | — | (4,500)
Gain on sale / (write-down) of cost-accounted investment | — | — | 1,250
Miscellaneous (loss) income | (2,457) | 359 | (731)
Other loss | (14,475) | (2,013) | (53,981)


Question: What was the loss on bond repurchases in 2019, 2018 and 2017?
Answer: (10,601), (1,772), 0
24. Cash and cash equivalents
Significant accounting policies that apply to cash and cash equivalents Cash and cash equivalents comprise cash in hand and current balances with banks and similar institutions, which are readily convertible to cash and are subject to insignificant risk of changes in value and have an original maturity of three months or less. All are held at amortised cost on the balance sheet, equating to fair value. For the purpose of the consolidated cash flow statement, cash and cash equivalents are as defined above net of outstanding bank overdrafts. Bank overdrafts are included within the current element of loans and other borrowings (note 25).
IFRS 9 was applied for the first time on 1 April 2018 and introduces new classifications for financial instruments. Cash and cash equivalents were classified as loans and receivables under IAS 39, and are now classified as financial assets held at amortised cost under IFRS 9. This has not had an impact on the accounting for these instruments, or on their carrying amounts.
Cash and cash equivalents include restricted cash of £44m (2017/18: £32m, 2016/17: £43m), of which £40m (2017/18: £29m, 2016/17: £41m) was held in countries where local capital or exchange controls currently prevent us from accessing cash balances. The remaining balance of £4m (2017/18: £3m, 2016/17: £2m) was held in escrow accounts, or in commercial arrangements akin to escrow.
Table:
 | 2019 | 2018 | 2017
At 31 March | £m | £m | £m
Cash at bank and in hand | 495 | 446 | 469
Cash equivalents |  |  | 
US deposits | 3 | 26 | 32
UK deposits | 1,132 | 31 | 1
Other deposits | 36 | 25 | 26
Total cash equivalents | 1,171 | 82 | 59
Total cash and cash equivalents | 1,666 | 528 | 528
Bank overdrafts (note25) | (72) | (29) | (17)
Cash and cash equivalents per the cash flow statement | 1,594 | 499 | 511


Question: What is the average US deposits for 2017-2019?
Answer: 20.33
Calculation: (3 + 26 + 32) / 3
* Recast to reflect segment changes.
The GTS gross profit margin increased 0.3 points year to year to 34.8 percent, due to the benefits of workforce actions and the continued scale out of our public cloud. We continued to take structural actions to improve our cost competitiveness and are accelerating the use of AI and automation in delivery operations, including leveraging Red Hat’s Ansible platform. Pre-tax income of $1,645 million decreased 7.6 percent, driven primarily by the decline in revenue and gross profit, and a higher level of workforce rebalancing charges in the current year. Pre-tax margin of 5.8 percent was essentially flat year to year, with the 2019 pre-tax margin reflecting benefits from structural and workforce actions.
Table:
($ in millions) |  |  | 
For the year ended December 31: | 2019 | 2018* | Yr.-to-Yr. Percent/ Margin Change
Global Technology Services |  |  | 
External total gross profit | $9,515 | $10,035 | (5.2)%
External total gross profit margin | 34.8% | 34.4% | 0.3pts.
Pre-tax income | $1,645 | $ 1,781 | (7.6)%
Pre-tax margin | 5.8% | 5.9% | (0.2)pts.


Question: What was the increase / (decrease) rate in the Pre-tax income from 2018 to 2019?
Answer: -7.64
Calculation: 1,645 / 1,781 - 1
CUSTOMER STATISTICS
INTERNET Fiscal 2019 fourth-quarter Internet service customers net additions stood at 2,441 compared to 4,693 for the same period of the prior year as a result of: • additional connects related to the Florida expansion initiatives and in the MetroCast footprint; • our customers' ongoing interest in high speed offerings; and • growth in both the residential and business sectors.
VIDEO Fiscal 2019 fourth-quarter video service customers net additions stood at 5,294 compared to net losses of 3,046 for the same period of the prior year mainly from: • the activation of bulk properties in Florida during the fourth quarter of fiscal 2019; and • our customers' ongoing interest in TiVo's digital advanced video services; partly offset by • competitive offers in the industry; and • a changing video consumption environment.
TELEPHONY Fiscal 2019 fourth-quarter telephony service customers net losses stood at 304 compared to net additions of 1,150 for the same period of the prior year mainly as a result of a decline in the residential sector, partly offset by growth in the business sector. TELEPHONY Fiscal 2019 fourth-quarter telephony service customers net losses stood at 304 compared to net additions of 1,150 for the same period of the prior year mainly as a result of a decline in the residential sector, partly offset by growth in the business sector.
Table:
 |  | Net additions (losses) | 
 |  | Three months ended August 31, | 
 | August 31, |  | 
 | 2019 | 2019 | 2018
Primary service units | 901,446 | 7,431 | 2,797
Internet service customers | 446,137 | 2,441 | 4,693
Video service customers | 312,555 | 5,294 | (3,046)
Telephony service customers | 142,754 | (304) | 1,150


Question: What was the average Net additions (losses) for internet service customers?
Answer: 3567
Calculation: (2,441 + 4,693) / 2
7. Balance Sheet Details
Cash, cash equivalents, and restricted cash consist of the following:
As of December 31, 2019 and December 31, 2018, cash and cash equivalents included $20.4 million and $0 of money market funds, respectively. As of December 31, 2019 and 2018, the Company has restricted cash of $0.4 million and $1.0 million, respectively. The cash is restricted in connection with guarantees for certain import duties and office leases.
Table:
 | December 31, 2019 | December 31, 2018
(in thousands) |  | 
Cash and cash equivalents | $92,708 | $73,142
Short-term restricted cash | 349 | 645
Long-term restricted cash | 60 | 404
Total cash, cash equivalents and restricted cash | $93,117 | $74,191


Question: What was the change in the cash and cash equivalents from 2018 to 2019?
Answer: 19566
Calculation: 92,708 - 73,142
4. Link between Group performance and remuneration outcomes
The Altium Remuneration Framework is designed to align key employee remuneration to shareholder returns (in the form of capital appreciation and dividends). The table below shows the Group performance on key financial results and performance metrics over the last five years.
Altium’s remuneration strategy has evolved over the past seven years and we believe that it is linked intrinsically to the success of the Group. Strong payout results for STI and LTI have reflected the strong financial performance of the Group. In addition, STI and LTI hurdles have changed over time to better reflect what is most important for Group growth.
1 Normalised EPS and Profit for the year excludes deferred tax asset of US$77 million recognised on the transfer of core business assets to the USA.
2 The maximum STI payable based on the above performance hurdles is 100%, however based on achievement of individual personal goals, the overall achievement level may be modified up to 150% or down to 0%.
Table:
 | 2019 | 2018 | 2017 | 2016 | 2015
 | US$’000 | US$’000 | US$’000 | US$’000 | US$’000
Revenue | 171,819 | 140,176 | 110,865 | 93,597 | 80,216
EBITDA | 62,721 | 44,869 | 33,254 | 27,430 | 22,697
EPS | 40.57 | 28.86 | 21.70 | 17.89 | 12.47 1
Profit for the year | 52,893 | 37,489 | 28,077 | 23,020 | 15,398 1
Dividend declared - AU cents | 34 | 27 | 23 | 20 | 16
Share price - AU$ | $34.2 | 22.51 | 8.57 | 6.46 | 4.43
STI Achievement | 100% - 150% 2 | 131% | 103% | 97% | 63%
STI performance hurdles | 70% Revenue 30% EBITDA | 50% Revenue 50% EBITDA | 70% Revenue 30% EBITDA | 50% Revenue 50% EBITDA | Different metrics related to subscriber related to subscriber growth, EPS and Product development related to subscriber growth, EPS and Product development related to subscriber growth, EPS and Product development
LTI Achievement | 100% | 100% | 100% | 100% | 50%
LTI performance hurdles | 50% Revenue | EPS | EPS | EPS | 50% Subscriber growth 50% EPS


Question: What is the percentage change in profits from 2018 to 2019?
Answer: 41.09
Calculation: (52,893-37,489)/37,489
MARKET PRICES OF COMMON STOCK
The common stock of the Company is listed on the NASDAQ Global Market under the symbol “FEIM.”
Table:
Fiscal Quarter | High Sale | Low Sale
2019 |  | 
First Quarter | $8.95 | $7.30
Second Quarter | 11.38 | 7.80
Third Quarter | 13.38 | 9.60
Fourth Quarter | 13.52 | 10.80
2018 |  | 
First Quarter | $10.76 | $ 7.91
Second Quarter | 10.00 | 7.53
Third Quarter | 9.94 | 8.66
Fourth Quarter | 10.59 | 8.55


Question: What is the high sale and low sale of the first quarter of 2019 respectively?
Answer: $8.95, $7.30
Contractual Obligations
The following table summarizes our contractual obligations as of November 29, 2019:
As of November 29, 2019, our Term Loan’s carrying value was $2.25 billion. At our election, the Term Loan will bear interest at either (i) the London Interbank Offered Rate (“LIBOR”) plus a margin, based on our debt ratings, ranging from 0.500% to 1.000% or (ii) a base rate plus a margin, based on our debt ratings, ranging from 0.040% to 0.110%. Interest is payable periodically, in arrears, at the end of each interest period we elect. Based on the LIBOR rate at November 29, 2019, our estimated maximum commitment for interest payments was $23.2 million for the remaining duration of the Term Loan.
As of November 29, 2019, the carrying value of our Notes payable was $1.89 billion. Interest on our Notes is payable semi-annually, in arrears on February 1 and August 1. At November 29, 2019, our maximum commitment for interest payments was $200.1 million for the remaining duration of our Notes.
Our Term Loan and Revolving Credit Agreement contain similar financial covenants requiring us not to exceed a maximum leverage ratio. As of November 29, 2019, we were in compliance with this covenant. We believe this covenant will not impact our credit or cash in the coming fiscal year or restrict our ability to execute our business plan. Our senior notes do not contain any financial covenants.
Under the terms of our Term Loan and Revolving Credit Agreement, we are not prohibited from paying cash dividends unless payment would trigger an event of default or if one currently exists. We do not anticipate paying any cash dividends in the foreseeable future.
Table:
(in millions) |  |  | Payment Due by Period |  | 
 | Total | Less than 1 year | 1-3 years | 3-5 years | More than 5 years
Term Loan and Notes, including interest | $4,373.3 | $3,227.0 | $65.0 | $65.0 | $1,016.3
Operating lease obligations, net | 711.5 | 88.7 | 158.0 | 126.9 | 337.9
Purchase obligations | 2,036.5 | 545.0 | 935.8 | 555.7 | —
Total | $7,121.3 | $3,860.7 | $1,158.8 | $747.6 | $1,354.2


Question: What proportion of operating lease obligations (net) consists of payment obligations that due in less than a year?
Answer: 0.12
Calculation: 88.7/711.5
CREDIT FACILITIES
Bell Canada may issue notes under its Canadian and U.S. commercial paper programs up to the maximum aggregate principal amount of $3 billion in either Canadian or U.S. currency provided that at no time shall such maximum amount of notes exceed $4 billion in Canadian currency which equals the aggregate amount available under Bell Canada’s committed supporting revolving and expansion credit facilities as at December 31, 2019. The total amount of the net available committed revolving and expansion credit facilities may be drawn at any time.
The table below is a summary of our total bank credit facilities at December 31, 2019.
(1) Bell Canada’s $2.5 billion and additional $500 million committed revolving credit facilities expire in November 2024 and November 2020, respectively, and its $1 billion committed expansion credit facility expires in November 2022. Bell Canada has the option, subject to certain conditions, to convert advances outstanding under the additional $500 million revolving credit facility into a term loan with a maximum one-year term.
(2) As of December 31, 2019, Bell Canada’s outstanding commercial paper included $1,502 million in U.S. dollars ($1,951 million in Canadian dollars). All of Bell Canada’s commercial paper outstanding is included in debt due within one year.
Table:
 | TOTAL AVAILABLE | DRAWN | LETTERS OF CREDIT | COMMERCIAL PAPER OUTSTANDING | NET AVAILABLE
Committed credit facilities |  |  |  |  | 
Unsecured revolving and expansion credit facilities (1) (2) | 4,000 | – | – | 1,951 | 2,049
Other | 106 | – | 106 | – | –
Total committed credit facilities | 4,106 | – | 106 | 1,951 | 2,049
Total non-committed credit facilities | 1,939 | – | 1,059 | – | 880
Total committed and non-committed credit facilities | 6,045 | – | 1,165 | 1,951 | 2,929


Question: How many segments of committed credit facilities are there?
Answer: 2
Calculation: Unsecured revolving and expansion credit facilities##Other