hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Adoption of ASC 606
On January 1, 2018, the Company adopted ASC 606, Revenue from Contracts with Customers, applying the modified retrospective method to all contracts not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported under the accounting standards in effect for the prior period.
The impact of adopting the standard primarily related to a change in the timing of revenue recognition for voyage charter contracts. In the past, the Company recognized revenue from voyage charters ratably over the estimated length of each voyage, calculated on a discharge-to-discharge basis.
Under the new standard, the Company recognizes revenue from voyage charters ratably over the estimated length of each voyage, calculated on a load-to-discharge basis. In addition, the adoption of ASC 606 resulted in a corresponding change in the timing of recognition of voyage expenses for voyage charter contracts.
The cumulative effect of the changes made to the Company's consolidated January 1, 2018 balance sheet for the adoption of ASC 606 was as follows:
For the year ended December 31, 2018, revenues increased by $1,418, net income increased by $1,101 and basic and diluted net income per share increased by $0.01 as a result of applying ASC 606.
Table:
 | Balance at December 31, 2017 | Adjustments Due to ASC 606 | Balance at January 1, 2018
Assets |  |  | 
Voyage receivables | $24,209 | $1,336 | $25,545
Liabilities |  |  | 
Deferred income taxes | 83,671 | (108) | 83,563
Equity |  |  | 
Accumulated deficit | (265,758) | (1,228) | (266,986)


Question: How much did revenues increased for the year ended December 31, 2018 as a result of applying ASC 606?
Answer: $1,418
1 Segment performance (continued)
(c) Other segment information
(i) Profit/(loss) before tax
Management assesses the performance of the operating segments based on a measure of EBITDA. Interest income and expenditure are not allocated to segments, as this type of activity is driven by the central treasury function, which manages the cash position of the Group. On adoption of AASB 16 from 1 July 2018, associated lease interest is allocated to the respective segments as a finance charge.
Table:
 | 30 June 2019 | 30 June 2018
 | $'000 | $'000
Total segment profit before tax | 62,583 | 61,449
Employee benefits expense (non-facility staff) | (23,036) | (20,752)
Interest revenue | 8,220 | 5,778
Distributions from investments | 1,344 | 3,191
Other income | 3,034 | 284
Finance costs | (45,612) | (25,452)
Head office depreciation | (2,079) | (1,909)
Overheads and other expenses | (20,527) | (11,698)
Profit/(loss) before tax | (16,073) | 10,891


Question: What was the total segment profit before tax in FY18?
Answer: 61,449
In the fourth quarter of 2019, we recognized other income, net of expenses, of $54 million, increasing from a negative $2 million in the prior quarter and from an income of $16 million in the year-ago quarter, reflecting higher R&D grants in Italy associated with the IPCEI program.
Other income and expenses, net
Table:
 |  | Three Months Ended | 
 | December 31, 2019 | September 29,2019 | December 31, 2018
 |  | (Unaudited, in millions) | 
Research and development funding | $68 | $14 | $19
Phase-out and start-up costs | (16) | (15) | (1)
Exchange gain (loss), net | 1 | (1) | —
Patent costs | (1) | (1) | (1)
Gain on sale of non-current assets | 1 | — | 1
Other, net | 1 | 1 | (2)
Other income and expenses, net | $54 | $(2) | $16
As percentage of net revenues | 2.0% | (0.1)% | 0.6%


Question: What is the average Research and development funding for the period December 31, 2019 and 2018?
Answer: 43.5
Calculation: (68+19) / 2
Note 21 Debt due within one year
(1) Includes commercial paper of $1,502 million in U.S. dollars ($1,951 million in Canadian dollars) and $2,314 million in U.S. dollars ($3,156 million in Canadian dollars) as at December 31, 2019 and December 31, 2018, respectively, which were issued under our U.S. commercial paper program and have been hedged for foreign currency fluctuations through forward currency contracts. See Note 26, Financial and capital management, for additional details.
(2) Included in long-term debt due within one year is the current portion of lease liabilities of $775 million as at December 31, 2019 and the current portion of finance leases of $466 million as at December 31, 2018.
Table:
FOR THE YEAR ENDED DECEMBER 31 | NOTE | WEIGHTED AVERAGE INTEREST RATE AT DECEMBER 31, 2019 | 2019 | 2018
Notes payable (1) | 26 | 2.03% | 1,994 | 3,201
Loans secured by trade receivables | 26 | 2.71% | 1,050 | 919
Long-term debt due within one year (2) | 22 | 4.77% | 837 | 525
Total debt due within one year |  |  | 3,881 | 4,645


Question: What is the total long-term debt due within one year in 2018 and 2019?
Answer: 1362
Calculation: 837+525
The following table provides reconciliation from U.S. GAAP Net income to non-GAAP Adjusted EBITDA (amounts in thousands):
(1) Fiscal years ending March 31, 2018 and 2017 adjusted due to the adoption of ASC 606.
(2) $0.9 million in costs incurred during fiscal year 2018 related to the relocation of the Company's tantalum powder facility equipment from Carson City, Nevada to its existing Matamoros, Mexico plant were reclassified from “Plant start-up costs” to “Restructuring charges” during fiscal year 2019.
Table:
 |  | Fiscal Years Ended March 31, | 
 | 2019 | 2018 | 2017
Net income (U.S. GAAP) (1) | $206,587 | $254,127 | $47,157
Non-GAAP adjustments: |  |  | 
Income tax expense (benefit) | (39,460) | 9,132 | 4,294
Interest expense, net | 19,204 | 32,073 | 39,731
Depreciation and amortization | 52,628 | 50,661 | 38,151
EBITDA (non-GAAP) (1) | 238,959 | 345,993 | 129,333
Excluding the following items: |  |  | 
Equity (income) loss from equity method investments | 3,304 | (76,192) | (41,643)
Acquisition (gain) loss | — | (130,880) | —
Change in value of TOKIN options | — | — | (10,700)
(Gain) loss on write down and disposal of long-lived assets | 1,660 | (992) | 10,671
ERP integration costs/IT transition costs | 8,813 | 80 | 7,045
Stock-based compensation | 12,866 | 7,657 | 4,720
Restructuring charges (2) | 8,779 | 14,843 | 5,404
R&D grant reimbursements and grant income | (4,559) | — | —
Legal expenses/fines related to antitrust class actions | 11,896 | 16,636 | 2,640
Net foreign exchange (gain) loss | (7,230) | 13,145 | (3,758)
TOKIN investment-related expenses | — | — | 1,101
Plant start-up costs (2) | (927) | 929 | 427
Loss on early extinguishment of debt | 15,946 | 486 | —
Adjusted EBITDA (non-GAAP) (1) | $289,507 | $191,705 | $105,240


Question: What was the change in the Loss on early extinguishment of debt between 2018 and 2019?
Answer: 15460
Calculation: 15,946-486
34. Share-based payment continued
3.8 million share incentives were granted during 2019 (2018 2.7 million). The fair value of share incentives has been estimated as at the date of grant using the Black-Scholes binomial model. The following table gives the assumptions made in arriving at the share-based payment charge and the fair value:
The expected volatility was determined by calculating the historical volatility of the Company’s share price over the previous two years which management considers to be the period which is likely to be most representative of future volatility. The risk free rate is calculated by reference to UK government bonds.
Table:
 | 2019 | 2018
Weighted average share price (pence) | 163.1 | 112.9
Weighted average exercise price (pence) | 0.0 | 0.0
Weighted average fair value (pence) | 141.1 | 95.1
Expected volatility (%) | 31.6–32.8 | 30.6
Option life (years): |  | 
– Performance Shares | 3.0 | 3.0
– Options and SARs | 10.0 | 10.0
Risk free rate (%) | 0.48-0.72 | 0.88
Dividend yield (%) | 2.5–3.0 | 3.0


Question: How was the expected volatility determined?
Answer: by calculating the historical volatility of the Company’s share price over the previous two years which management considers to be the period which is likely to be most representative of future volatility.
NOTE 11 - STOCK CAPITAL (Cont.)
Shares and warrants issued to service providers:
On August 17, 2017 the Company issued to Anthony Fiorino, the former CEO of the Company, for consulting services rendered, a grant of 4,327 shares of restricted stock under the 2014 U.S. Plan, which vests in eight equal quarterly installments (starting November 17, 2017) until fully vested on the second anniversary of the date of grant.
Compensation expense recorded by the Company in respect of its stock-based service provider compensation awards for the year ended December 31, 2019 and 2018 amounted to $25 and $102, respectively.
On March 26, 2019, the Company issued to its legal advisor 5,908 shares of Common Stock under the 2014 U.S. Plan for certain 2018 legal services. The related compensation expense was recorded as general and administrative expense in 2018.
On May 23, 2019, the Company granted to a former director, in consideration for services rendered to the Company, an option under the 2014 Global Plan to purchase up to 4,167 shares of Common Stock with an exercise price per share of $0.75. The option was fully vested and exercisable as of the date of grant.
Total Stock-Based Compensation Expense:
The total stock-based compensation expense, related to shares, options and warrants granted to employees, directors and service providers was comprised, at each period, as follows:
Table:
 | December 31 | 
 | 2019 | 2 0 1 8
U.S. $ in thousands |  | 
Research and development | 123 | 175
General and administrative | 666 | 844
Total stock-based compensation expense | 789 | 1,019


Question: What is the percentage change in the total stock-based compensation expense from 2018 to 2019?
Answer: -22.57
Calculation: (789-1,019)/1,019
Property and Equipment
Property and equipment are stated at cost. Depreciation of these assets is generally computed using the straight-line method over their estimated useful lives based on asset class. As of December 31, 2019 and 2018, net property and equipment consisted of the following (in thousands):
Table:
 |  | December 31, | 
 | Useful Lives | 2019 | 2018
Computer and office equipment | 3 - 5 years | $143,942 | $129,359
Leasehold improvements lease | Lesser of useful life of improvement or remaining life of lease | 33,346 | 32,096
Furniture and fixtures | 7 years | 12,980 | 12,500
Building and improvements | 7 - 30 years | 14,553 | 14,381
Land | Non-depreciable | 1,785 | 1,785
Property and equipment, gross |  | 206,606 | 190,121
Less: accumulated depreciation |  | (136,226 ) | (117,392 )
Property and equipment, net |  | $ 70,380 | $ 72,729


Question: What was the percentage change in the cost of leasehold improvements lease between 2018 and 2019?
Answer: 3.89
Calculation: (33,346-32,096)/32,096
shareholder return performance presentation the graph presented below compares the cumulative total shareholder return on state street's common stock to the cumulative total return of the s&p 500 index and the s&p financial index over a five-year period . the cumulative total shareholder return assumes the investment of $ 100 in state street common stock and in each index on december 31 , 2007 at the closing price on the last trading day of 2007 , and also assumes reinvestment of common stock dividends . the s&p financial index is a publicly available measure of 80 of the standard & poor's 500 companies , representing 26 diversified financial services companies , 22 insurance companies , 17 real estate companies and 15 banking companies . comparison of five-year cumulative total shareholder return .

Table:
 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012
state street corporation | $ 100 | $ 49 | $ 55 | $ 58 | $ 52 | $ 61
s&p 500 index | 100 | 63 | 80 | 92 | 94 | 109
s&p financial index | 100 | 45 | 52 | 59 | 49 | 63
.

Question: what is the cumulative total shareholder return on state street's common stock in 2012 as a percentage of the average shareholder return on common stock in the s&p 500?
Answer: 56%
Calculation: divide(61, 109)
Performance Share Units
The following table illustrates the number and WASP on date of award, and movements in, performance share units (“PSUs”) granted under the 2015 LTIP:
PSUs vest on one vesting date following a three year vesting period which will comprise three financial years. The awards are divided into three equal parts which will each be subject to a separate annual performance condition linked to the financial performance of the Group.
Table:
 | Year-ended 31 March 2019 |  | Year-ended 31 March 2018 | 
 | Number | WASP | Number | WASP
Performance share units | 000’s | £ pence | 000’s | £ pence
Outstanding at the start of the year | 7,546 | 269.65 | 6,024 | 219.41
Awarded | 1,721 | 506.74 | 1,719 | 440.50
Forfeited | (2,234) | 414.51 | (197) | 223.96
Released | (2,949) | 262.64 | – | –
Outstanding at the end of the year | 4,084 | 295.41 | 7,546 | 269.65


Question: What are the types of movements in performance share units (“PSUs”) illustrated in the table?
Answer: Awarded, Forfeited, Released
Market Information
Our common stock is traded under the symbol “OPRX” on the Nasdaq Capital Market. Only a limited market exists for our securities. There is no assurance that a regular trading market will develop, or if developed, that it will be sustained. Therefore, a shareholder may be unable to resell his securities in our company.
The following tables set forth the range of high and low bid information for our common stock for the each of the periods indicated. These quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not necessarily represent actual transactions.
On March 24, 2020, the last sales price per share of our common stock was $7.93
Table:
 | Fiscal Year Ending December 31, 2018 | 
Quarter Ended | High $ | Low $
March 31, 2018   | 4.98 | 3.36
June 30, 2018   | 11.00 | 4.29
September 30, 2018   | 18.39 | 9.32
December 31, 2018   | 18.00 | 8.92


Question: What is the Company’s trading symbol? 
Answer: OPRX
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 total amount of fees payable in 2019?
Answer: 0.3
MEDIA FINANCIAL RESULTS
REVENUE
Media revenue is earned from:
• advertising sales across its television, radio, and digital media properties; • subscriptions to televised and OTT products; • ticket sales, fund redistribution and other distributions from MLB, and concession sales; and • retail product sales.
The 4% decrease in revenue this year was a result of: • the sale of our publishing business in the second quarter of 2019; and • lower revenue at the Toronto Blue Jays, primarily as a result of a distribution from Major League Baseball in 2018; partially offset by • higher revenue generated by Sportsnet and TSC. Excluding the sale of our publishing business and the impact of the distribution from Major League Baseball last year, Media revenue would have increased by 1% this year.
OPERATING EXPENSES
We record Media operating expenses in four primary categories:
• the cost of broadcast content, including sports programming
and production;
• Toronto Blue Jays player compensation;
• the cost of retail products sold; and
• all other expenses involved in day-to-day operations.
The 2% decrease in operating expenses this year was a result of:
• lower Toronto Blue Jays player compensation; and
• lower publishing-related costs due to the sale of this business;
partially offset by
• higher programming costs; and
• higher cost of sales as a result of higher revenue at TSC.
ADJUSTED EBITDA
The 29% decrease in adjusted EBITDA this year was a result of the
revenue and expense changes described above. Excluding the
impact of the sale of our publishing business in the second quarter
of 2019 and the distribution from Major League Baseball last year,
adjusted EBITDA would have increased by 1% this year.
Table:
 |  | Years ended December 31 | 
(In millions of dollars, except margins) | 2019 | 2018 | %Chg
Revenue | 2,072 | 2,168 | (4)
Operating expenses | 1,932 | 1,972 | (2)
Adjusted EBITDA | 140 | 196 | (29)
Adjusted EBITDA margin | 6.8% | 9.0% | (2.2pts)
Capital expenditures | 102 | 90 | 13


Question: What is the increase / (decrease) in Adjusted EBITDA from 2018 to 2019?
Answer: -56
Calculation: 140 - 196
Contractual Obligations
Following is a summary of our contractual cash obligations as of February 28, 2019 (in thousands):
Purchase obligations consist primarily of inventory purchase commitments.
Table:
 |  |  | Future Estimated Cash Payments Due by Period |  | 
 | Less than | 1 - 3 | 3 - 5 |  | 
Contractual Obligations | 1 year | years | years | > 5 years | Total
Convertible senior notes principal | $- | $122,527 | $- | $230,000 | $352,527
Convertible senior notes stated interest | 6,591 | 10,196 | 9,200 | 6,900 | 32,887
Operating leases | 7,565 | 12,628 | 12,325 | 7,659 | 40,177
Purchase obligations | 39,390 | - | - | - | 39,390
Total contractual obligations | $53,546 | $145,351 | $21,525 | $244,559 | $464,981


Question: What were the total Purchase Obligations?
Answer: 39,390
The fair value of options granted in the respective fiscal years are estimated on the date of grant using the Black-Scholes optionpricing model, acceptable under ASC 718, with the following weighted average assumptions:
Expected volatilities are based on the Company’s historical common stock volatility, derived from historical stock price data for periods commensurate with the options’ expected life. The expected life of options granted represents the period of time options are expected to be outstanding, based primarily on historical employee option exercise behavior. The risk-free interest rate is based on the implied yield currently available on U.S. Treasury zero coupon bonds issued with a term equal to the expected life at the date of grant of the options. The expected dividend yield is zero, as the Company has historically paid no dividends and does not anticipate dividends to be paid in the future.
Table:
 | Years Ended December 31, | 
 | 2018 | 2017
Expected life (years) | 5.6 | 5.6
Risk-free interest rate | 2.7% | 1.9%
Expected volatility | 26.4% | 29.4%
Expected dividend yield | — | —


Question: What was the expected life (years) in 2018?
Answer: 5.6
18. Trade and other receivables
Following the application of IFRS 16, trade and other receivables have been restated (note 2).
Trade receivables are amounts due from customers for services performed in the ordinary course of business. They are generally due for settlement within 30 days and therefore are all classified as current. Trade receivables are recognised initially at the amount of consideration that is unconditional and has been invoiced at the reporting date. The Group holds the trade receivables with the objective to collect the contractual cash flows and therefore measures them subsequently at amortised cost using the effective interest method.
Accrued income relates to the Group’s rights to consideration for services provided but not invoiced at the reporting date. Accrued income is transferred to receivables when invoiced. Other receivables include £0.1m due from Auto Trader Auto Stock Limited, a related party (note 34).
Exposure credit risk and expected credit losses relating to trade and other receivables are disclosed in note 31.
Table:
 | 2019 | (Restated) 2018
 | £m | £m
Trade receivables | 27.0 | 28.8
Less: provision for impairment of trade receivables | (2.1) | (3.4)
Net trade receivables | 24.9 | 25.4
Accrued income | 28.0 | 26.7
Prepayments | 2.9 | 2.7
Other receivables | 0.3 | 0.1
Total | 56.1 | 54.9


Question: In which year was total trade receivables larger?
Answer: 2019
Calculation: 56.1>54.9
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
Interest and penalty charges, if any, related to uncertain tax positions are classified as income tax expense in the accompanying consolidated statements of operations. As of March 31, 2019 and 2018, the Company had immaterial accrued interest or penalties related to uncertain tax positions.
The Company is subject to taxation in the United Kingdom and several foreign jurisdictions. As of March 31, 2019, the Company is no longer subject to examination by taxing authorities in the United Kingdom for years prior to March 31, 2017. The significant foreign jurisdictions in which the Company operates are no longer subject to examination by taxing authorities for years prior to March 31, 2016. In addition, net operating loss carryforwards in certain jurisdictions may be subject to adjustments by taxing authorities in future years when they are utilized.
The Company had approximately $24.9 million of unremitted foreign earnings as of March 31, 2019. Income taxes have been provided on approximately $10.0 million of the unremitted foreign earnings. Income taxes have not been provided on approximately $14.9 million of unremitted foreign earnings because they are considered to be indefinitely reinvested. The tax payable on the earnings that are indefinitely reinvested would be immaterial.
Table:
 | Year ended March 31, | 
 | 2019 | 2018
Beginning balance | $6,164 | $4,931
Additions based on tax positions related to current year | 164 | 142
Additions for tax positions of prior years | 231 | 1,444
Reductions due to change in foreign exchange rate   | (301) | (353)
Expiration of statutes of limitation | (165) | —
Reductions due to settlements with tax authorities | (77) | —
Ending balance | $6,016 | $6,164


Question: What was the change in the Beginning balance from 2018 to 2019?
Answer: 1233
Calculation: 6,164 - 4,931