hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Financial and Operating Highlights
CONTINUING OPERATIONS
(1) See reconciliation of GAAP to non-GAAP financial measures tables in Management’s Discussion and Analysis of Financial Condition and Results of Operations in the Form 10-K.
Table:
(Amounts in thousands, except per share data and percentages) | 2019 | 2018 | 2017
Bookings | $1,002,320 | $2,779,782 | $1,234,013
Backlog | $3,400,952 | $4,064,451 | $2,536,499
Sales | $1,496,475 | $1,202,898 | $1,107,709
Sales growth % | 24% | 9% | 
Research & development | $50,132 | $52,398 | $52,652
Operating income | $86,237 | $24,382 | $2,628
Net income (loss) per share, continuing operations attributable to Cubic | $1.67 | $0.29 | $(0.95)
Adjusted EBITDA (1) | $146,594 | $104,561 | $87,470
Adjusted EBITDA growth % | 40% | 20% | 
Adjusted earnings per share (1) | $3.13 | $2.19 | $1.62
Adjusted earnings per share growth % | 43% | 35% | 
Cash dividend per share | $0.27 | $0.27 | $0.27
Long-term debt, inclusive of current portion | $199,824 | $199,793 | $199,761


Question: For the Adjusted EBITDA, where can the reconciliation of GAAP to non-GAAP financial measures tables be found?
Answer: Management’s Discussion and Analysis of Financial Condition and Results of Operations in the Form 10-K
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)
9. Trade and Other Receivables
Trade and other receivables consist of the following:
Trade and other receivables are amounts due from third parties for services performed in the ordinary course of business. They are generally due for settlement immediately and therefore are all classified as current. Trade and other receivables are recognized initially at the amount of consideration that is unconditional unless they contain certain significant financing components, at which point they are recognized at fair value. The Group holds the trade receivables with the objective to collect the contractual cash flows and therefore measures them subsequently at amortized cost using the effective interest rate method.
Accrued income represents net revenues receivable from charterers, which have not yet been invoiced; all other amounts not yet invoiced are included under Other receivables.
As of December 31, 2018 and 2019 no allowance for expected credit losses was recorded.
Table:
 | As of December 31, | 
 | 2018 | 2019
Trade receivables | 808 | 9,463
VAT receivable | 1,094 | 637
Accrued income | 9,473 | 8,274
Insurance claims | 1,282 | 1,400
Other receivables | 7,587 | 5,126
Total | 20,244 | 24,900


Question: Why does the Group hold the trade receivables?
Answer: The Group holds the trade receivables with the objective to collect the contractual cash flows
The majority of the Company's revenues are generated from U.S. government contracts, either as a prime contractor or as a subcontractor to other contractors. Revenues from the U.S. government can be adversely impacted by spending caps or changes in budgetary priorities of the U.S. government, as well as delays in program start dates or the award of a contract.
Disaggregated revenues by contract-type were as follows:
Table:
Year Ended January 3, 2020 |  |  |  | 
 | Defense Solutions | Civil | Health | Total
(in millions) |  |  |  | 
Cost-reimbursement and fixed-price-incentive-fee | $3,697 | $1,997 | $234 | $5,928
Firm-fixed-price | 1,203 | 1,075 | 1,296 | 3,574
Time-and-materials and fixed-price-level-of-effort | 466 | 564 | 444 | 1,474
Total | $5,366 | $3,636 | $1,974 | $10,976


Question: What was the Cost-reimbursement and fixed-price-incentive-fee in Defense Solutions, Civil and Health respectively?
Answer: $3,697, $1,997, $234
Additional sources of cash available to us were international currency lines of credit and bank credit facilities totaling $26.0 million as of September 28, 2019, of which $20.8 million was unused and available. These unsecured international credit facilities were used in Europe and Japan during fiscal 2018. As of September 28, 2019, we had utilized $5.2 million of the international credit facilities as guarantees in Europe.
Our ratio of current assets to current liabilities increased to 4.6:1 at September 28, 2019 compared to 3.3:1 at September 29, 2018. The increase in our ratio was primarily due to lower income taxes payable, partially offset by decreases in our ratio due to lower accounts receivable and inventories. Our cash and cash equivalents, short-term investments and working capital are as follows (in thousands):
Table:
 | Fiscal | 
 | 2019 | 2018
Cash and cash equivalents | $305,833 | $310,495
Short-term investments | 120 | 120
Working capital | 854,507 | 865,664


Question: Where were the unsecured international credit facilities used in?
Answer: Europe and Japan during fiscal 2018
EXECUTIVE OFFICERS OF THE REGISTRANT
Executive officers of our Company are appointed by the Board of Directors and serve at the discretion of the Board. The following table sets forth certain information with respect to all executive officers of our Company.
CHRISTOPHER H. ATAYAN has served in various senior executive positions with the Company since March 2006, including his service as Chairman of the Board since January 2008 and Chief Executive Officer since October 2006, and has been a director of the Company since 2004. Mr. Atayan has served as the Senior Managing Director of Slusser Associates, a private equity and investment banking firm, since 1988, and has been engaged in private equity and investment banking since 1982. He also serves on the Board of Eastek Holdings, LLC, a manufacturing company.
ANDREW C. PLUMMER has served as our President and Chief Operating Officer since October 2018, as our Chief Financial Officer since January 2007, and as our Secretary from January 2007 to October 2018. From 2004 to 2007, Mr. Plummer served our company in various roles including Acting Chief Financial Officer, Corporate Controller, and Manager of SEC Compliance. Prior to joining our company in 2004, Mr. Plummer practiced public accounting, primarily with the accounting firm Deloitte and Touche, LLP (now Deloitte).
CHARLES J. SCHMADERER has served as the Company’s Vice President and Corporate Controller since April 2018 and as Secretary since October 2018. From 2006 to 2018, Mr. Schmaderer served the Company in various roles including as the Vice President of Financial Reporting and Assistant Secretary, and as the Director of Financial and SEC Reporting. Prior to joining AMCON in 2006, Mr. Schmaderer practiced public accounting, primarily with the accounting firm Grant Thornton, LLP and also holds a Master of Business Administration (MBA).
Table:
Name | Age | Position
Christopher H. Atayan | 59 | Chairman of the Board, Chief Executive Officer, Director
Andrew C. Plummer | 45 | President, Chief Financial Officer, Director
Charles J. Schmaderer | 50 | Vice President, Corporate Controller, Secretary


Question: What is the average age of the company's President and Vice President?
Answer: 47.5
Calculation: (45 + 50)/2
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)
7. Leases (Continued)
On February 24, 2016, GasLog’s subsidiary, GAS-twenty six Ltd., completed the sale and leaseback of the Methane Julia Louise with a subsidiary of Mitsui. Mitsui has the right to on-sell and lease back the vessel. The vessel was sold to Mitsui for a cash consideration of $217,000. GasLog leased back the vessel under a bareboat charter from Mitsui for a period of up to 20 years. GasLog has the option to repurchase the vessel on pre-agreed terms no earlier than the end of year ten and no later than the end of year 17 of the bareboat charter. The bareboat hire is fixed and GasLog had a holiday period for the first 210 days, which expired on September 21, 2016. This leaseback meets the definition of a finance lease under IAS 17 Leases.
The movements in right-of use assets are reported in the following table:
*The balance as of December 31, 2018 represented the vessel held under finance lease and was included in the financial statement line ‘‘Vessel held under finance lease’’, which was renamed to ‘‘Right-of-use assets’’ as of January 1, 2019.
Table:
Right-of-Use Assets | Vessel | Vessel Equipment | Properties | Other | Total
As of January 1, 2019 | 206,753(*) | 2,630 | 4,969 | 19 | 214,371
Additions | 1,001 | 336 | 1,080 | 47 | 2,464
Depreciation expense | (7,722) | (1,109) | (1,499) | (10) | (10,340)
As of December 31, 2019 | 200,032 | 1,857 | 4,550 | 56 | 206,495


Question: How much was Methane Julia Louise sold for?
Answer: $217,000
Dividends
The following is a summary of our fiscal 2019, 2018 and 2017 activities related to dividends on our common stock (in millions, except per share amounts).
On May 22, 2019, we declared a cash dividend of $0.48 per share of common stock, payable on July 24, 2019 to shareholders of record as of the close of business on July 5, 2019. The timing and amount of future dividends will depend on market conditions, corporate business and financial considerations and regulatory requirements. All dividends declared have been determined by the Company to be legally authorized under the laws of the state in which we are incorporated.
Table:
 |  | Year Ended | 
 | April 26, 2019 | April 27, 2018 | April 28, 2017
Dividends per share declared | $ 1.60 | $ 0.80 | $ 0.76
Dividend payments allocated to additional paid-in capital | $ 403 | $ 106 | $ 88
Dividend payments allocated to retained earnings (accumulated deficit) | $ — | $ 108 | $ 120


Question: What do the timing and amount of future dividends depend on?
Answer: market conditions, corporate business and financial considerations and regulatory requirements.
Item 6. SELECTED FINANCIAL DATA
You should read the following selected consolidated financial data for the five-year period ended March 31, 2019 in conjunction with our consolidated financial statements and notes thereto and "Management's Discussion and Analysis of Financial Condition and Results of Operations" included in Items 7 and 8 of this Form 10-K. Our consolidated statements of income data for each of the years in the three-year period ended March 31, 2019, and the balance sheet data as of March 31, 2019 and 2018, are derived from our audited consolidated financial statements, included in Item 8 of this Form 10-K. The statement of income data for the years ended March 31, 2016 and 2015 and balance sheet data as of March 31, 2017, 2016 and 2015 have been derived from our audited consolidated financial statements not included herein (in the tables below all amounts are in millions, except per share data).
(1) Refer to Note 2 to our consolidated financial statements for an explanation of our material business combinations during fiscal 2019 and fiscal 2017.
(2) Refer to Note 4 to our consolidated financial statements for a discussion of the special charges and other, net.
(3) Refer to Note 12 Debt and Credit Facility for further discussion.
Table:
 |  |  | Year ended March 31, |  | 
 | 2019 (1) | 2018 | 2017 (1) | 2016 | 2015
Consolidated Statements of Income data: |  |  |  |  | 
Net sales | $5,349.5 | $3,980.8 | $3,407.8 | $2,173.3 | $2,147.0
Special charges and other, net (2) | $33.7 | $17.5 | $98.6 | $4.0 | $2.8
Loss on settlement of debt (3) | $(12.6) | $(16.0) | $(43.9) | $— | $(50.6)
Net income from continuing operations | $355.9 | $255.4 | $170.6 | $323.9 | $365.3
Basic net income per common share from continuing operations | $1.51 | $1.10 | $0.79 | $1.59 | $1.84
Diluted net income per common share from continuing operations | $1.42 | $1.03 | $0.73 | $1.49 | $1.65
Dividends declared per common share | $1.457 | $1.449 | $1.441 | $1.433 | $1.425
Consolidated Balance Sheets data: |  |  |  |  | 
Total assets | $18,350.0 | $8,257.2 | $7,686.9 | $5,537.9 | $4,780.7
Net long-term debt and capital lease obligations, less current maturities (3) | $8,956.0 | $1,769.1 | $2,912.1 | $2,465.8 | $1,840.0
Microchip Technology stockholders' equity | $ 5,287.5 | $ 3,279.8 | $3,270.7 | $ 2,150.9 | $ 2,044.7


Question: What was the change in net sales between 2016 and 2017?
Answer: 1234.5
Calculation: 3,407.8-2,173.3
NOTE 14 – EARNINGS (LOSS) PER SHARE
Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period plus the dilutive effect of outstanding stock options and restricted stock-based awards using the treasury stock method. The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except per share amounts):
All outstanding stock options and restricted stock-based awards in the amount of 1.0 million and 1.2 million, respectively, were excluded from the computation of diluted earnings per share for the fiscal year ended February 28, 2017 because the effect of inclusion would be antidilutive. Shares subject to anti-dilutive stock options and restricted stock-based awards of 1.9 million and 0.2 million for the fiscal years ended February 28, 2019 and 2018, respectively, were excluded from the calculations of diluted earnings per share for the years then ended.
We have the option to pay cash, issue shares of common stock or any combination thereof for the aggregate amount due upon conversion of the Notes. It is our intent to settle the principal amount of the convertible senior notes with cash, and therefore, we use the treasury stock method for calculating any potential dilutive effect of the conversion option on diluted net income (loss) per share. From the time of the issuance of the Notes, the average market price of our common stock has been less than the initial conversion price of the Notes, and consequently no shares have been included in diluted earnings per share for the conversion value of the Notes.
Table:
 |  | Year Ended February 28, | 
 | 2019 | 2018 | 2017
Net income (loss) | $18,398 | $16,617 | $(7,904)
Basic weighted average number of common shares outstanding | 34,589 | 35,250 | 35,917
Effect of stock options and restricted stock units computed on |  |  | 
treasury stock method | 705 | 889 | -
Diluted weighted average number of common shares outstanding | 35,294 | 36,139 | 35,917
Earnings (loss) per share: |  |  | 
Basic | $0.53 | $0.47 | $(0.22)
Diluted | $0.52 | $0.46 | $(0.22)


Question: What was the net income(loss) in 2019?
Answer: $18,398
Note 14 – Employee Benefit Plans
Pension Benefit Plan
We maintain a defined benefit pension plan covering employees in certain foreign countries.
The pension benefit plan obligations and funded status as of December 31, 2019 and 2018, were as follows:
The accumulated benefit obligation was $43.9 million and $37.2 million as of December 31, 2019 and 2018, respectively. The increase in the accumulated benefit obligation and the actuarial loss was primarily attributable to a decrease in the discount rate during 2019.
Table:
(In thousands) | 2019 | 2018
Change in projected benefit obligation: |  | 
Projected benefit obligation at beginning of period | $37,245 | $34,893
Service cost | 1,471 | 1,193
Interest cost | 634 | 727
Actuarial loss - experience | 453 | 38
Actuarial loss - assumptions | 5,091 | 2,139
Benefit payments | (166) | (138)
Effects of foreign currency exchange rate changes | (826) | (1,607)
Projected benefit obligation at end of period | 43,902 | 37,245
Change in plan assets: |  | 
Fair value of plan assets at beginning of period | 24,159 | 26,624
Actual gain (loss) on plan assets | 4,392 | (2,024)
Contributions | — | 688
Effects of foreign currency exchange rate changes | (535) | (1,129)
Fair value of plan assets at end of period | 28,016 | 24,159
Unfunded status at end of period | $(15,886) | $(13,086)


Question: What does the table show?
Answer: pension benefit plan obligations and funded status as of December 31, 2019 and 2018
Notes to Consolidated Financial Statements (Continued)
The following geographic information includes Property, plant and equipment, net, based on physical location (amounts in thousands):
(1) No country included in this caption exceeded 1% of consolidated Property, plant and equipment net for fiscal years 2019 and 2018.
Table:
 | March 31, | 
 | 2019 | 2018
United States | $57,095 | $49,530
Japan | 89,602 | 79,855
Thailand | 82,389 | 74,100
Mexico | 121,147 | 62,503
Italy | 35,197 | 39,398
China | 45,815 | 36,396
Portugal | 31,872 | 29,073
Macedonia | 12,906 | 13,723
Bulgaria | 5,480 | 5,597
Sweden | 4,800 | 6,005
Other (1) | 8,977 | 9,136
Total Non-United States | 438,185 | 355,786
 | $495,280 | $405,316


Question: What was the net amount of property, plant and equipment in Thailand in 2018?
Answer: 74,100
ASSUMPTIONS USED IN STOCK OPTION PRICING MODEL
The fair value of options granted was determined using a variation of a binomial option pricing model that takes into account factors specific to the share incentive plans, such as the vesting period. The following table shows the principal assumptions used in the valuation.
Expected dividend growth is commensurate with BCE’s dividend growth strategy. Expected volatility is based on the historical volatility of BCE’s share price. The risk-free rate used is equal to the yield available on Government of Canada bonds at the date of grant with a term equal to the expected life of the options
Table:
 | 2019 | 2018
Weighted average fair value per option granted | $2.34 | $2.13
Weighted average share price | $58 | $57
Weighted average exercise price | $58 | $56
Expected dividend growth | 5% | 5%
Expected volatility | 14% | 12%
Risk-free interest rate | 2% | 2%
Expected life (years) | 4 | 4


Question: Which assumption variables in the table are further elaborated in the text?
Answer: Expected dividend growth, Expected volatility, Risk-free interest rate
General and Administrative Expenses
General and administrative expenses increased $38 million, or 36%, in 2019 compared to 2018. The overall increase was primarily due to increased employee compensation-related costs of $15 million, driven by headcount growth, and a one-time termination-related charge of $3 million during 2019. The overall increase was also driven by costs associated with our acquisition of Smooch in 2019 including transaction costs of $3 million and a one-time share-based compensation charge of $3 million related to accelerated stock options of Smooch. Further contributing to the overall increase was an increase in allocated shared costs of $3 million
General and administrative expenses increased $22 million, or 27%, in 2018 compared to 2017. The overall increase was primarily due to increased employee compensation-related costs of $15 million, driven by headcount growth, and increased allocated shared costs of $3 million.
Table:
 |  | Year Ended December 31 |  |  | 
 | 2019 | 2018 |  | 2018 to 2019 % change | 2017 to 2018 % change
 |  |  | (In thousands, except percentages) |  | 
General and Administrative | $ 141,076 | $ 103,491 | $ 81,680 | 36% | 27%


Question: What is the increase in percentage of general and administrative expenses from 2017 to 2019?
Answer: 72.72
Calculation: (141,076 - 81,680)/81,680
GreenSky, Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) (United States Dollars in thousands, except per share data, unless otherwise stated)
Note 3. Fair Value of Assets and Liabilities
The following table summarizes, by level within the fair value hierarchy, the carrying amounts and estimated fair values of our assets and liabilities measured at fair value on a recurring or nonrecurring basis or disclosed, but not carried, at fair value in the Consolidated Balance Sheets as of the dates presented. There were no transfers into, out of, or between levels within the fair value hierarchy during any of the periods presented. Refer to Note 4, Note 7, Note 8, and Note 9 for additional information on these assets and liabilities.
(1) Disclosed, but not carried, at fair value.
(2) Measured at fair value on a nonrecurring basis.
(3) Measured and carried at fair value on a recurring basis.
Table:
 |  | December 31, 2019 |  | December 31, 2018 | 
 | Level | Carrying Value | Fair Value | Carrying Value | Fair Value
Assets: |  |  |  |  | 
Cash and cash equivalents(1) | 1 | $195,760 | $195,760 | $303,390 | $303,390
Loan receivables held for sale, net(2) | 2 | 51,926 | 55,958 | 2,876 | 3,552
Servicing assets(3) | 3 | 30,459 | 30,459 | — | —
Liabilities: |  |  |  |  | 
Finance charge reversal liability(3) | 3 | $206,035 | $206,035 | $138,589 | $138,589
Term loan(1) | 2 | 384,497 | 392,201 | 386,822 | 386,234
Interest rate swap(3) | 2 | 2,763 | 2,763 | — | —
Servicing liabilities(3) | 3 | 3,796 | 3,796 | 3,016 | 3,016


Question: What was the carrying value of the term loan in 2019?
Answer: 384,497
Services provided by the Company’s auditors
During the year, the Group (including overseas subsidiaries) obtained the following services from the operating company’s auditors:
Table:
 | 2019 | 2018
 | £m | £m
Fees payable for the audit of the Company and consolidated financial statements | 0.1 | 0.1
Fees payable for other services: |  | 
– the audit of the subsidiary undertakings pursuant to legislation | 0.2 | 0.1
Total | 0.3 | 0.2


Question: What was the percentage change in the total amount of fees payable in 2019 from 2018?
Answer: 50
Calculation: (0.3-0.2)/0.2
1.10 Percentage change in remuneration of the Group Chief Executive
The following table provides a summary of the 2019 increase in base salary, benefits and bonus for the Group Chief Executive compared to the average increase for the general UK employee population across the Group in the same period.
* 2018 percentage restated to include all UK bonuses for the general UK employee population across the Group.
Table:
 |  | 2019 change | 2018 change
Salary | Group Chief Executive | 7.7% | 2.7%
 | General employee population | 2.9% | 2.7%
Benefits | Group Chief Executive | 5.2% | 3.2%
 | General employee population | 2.9% | 2.7%
Bonus | Group Chief Executive | 15.5% | -4.9%
 | General employee population* | 22.2% | 1.6%


Question: What was the percentage change in the change in salary for the group chief executive in 2019 from 2018? 
Answer: 185.19
Calculation: (7.7-2.7)/2.7
Cash and Cash Equivalents
Highly liquid instruments purchased with original maturities of three months or less are considered cash equivalents. Cash equivalents are invested with high credit quality financial institutions and consist of short-term investments, such as demand deposit accounts, money market accounts, money market funds and time deposits. The carrying amounts of these instruments reported in the Consolidated Balance Sheets approximate their fair value because of their immediate or short-term maturities.
Cash and cash equivalents are unrestricted and include the following (in millions):
Table:
 | December 31, | 
 | 2019 | 2018
Cash | $8.2 | $9.5
Cash equivalents | 7.2 | 10.8
Cash and cash equivalents | $15.4 | $20.3


Question: What was the total cash and cash equivalents in 2018?
Answer: 20.3