hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Cost of Revenues and Gross Margin
Subscription cost of revenues and gross margin. Cost of subscriptions revenues increased by $50.9 million, or 46%, during fiscal year 2019 as compared to fiscal year 2018. Primary drivers of the increase were increases in third-party costs to support our solution offerings of $21.5 million, infrastructure support costs of $19.8 million including amortization expense from acquired intangible assets, and headcount and personnel and contractor related costs of $9.6 million including share-based compensation expense. These factors resulted in a decrease in gross margin.
The increase in headcount and other expense categories described herein was driven primarily by investments in our infrastructure and capacity to improve the availability of our subscription offerings, while also supporting the growth in new customers and increased usage of our subscriptions by our existing customer base. We expect subscription gross margin to be within a relatively similar range in the future.
Other cost of revenues and gross margin. Cost of other revenues increased by $23.0 million, or 48%, during fiscal year 2019 as compared to fiscal year 2018. This was primarily due to the increase in services personnel costs of $11.1 million including share-based compensation expense, cost of product sales of $10.6 million, and overhead costs of $1.3 million. Other revenues gross margin fluctuates based on timing of completion of professional services projects and discounting on phones.
Table:
 | Year ended December 31, |  |  |  | Year ended December 31, |  |  | 
(in thousands, except percentages) | 2019 | 2018 | $ Change | % Change | 2018 | 2017 | $ Change | % Change
Cost of revenues |  |  |  |  |  |  |  | 
Subscriptions | $160,320 | $109,454 | $50,866 | 46% | $109,454 | $89,193 | $20,261 | 23%
Other | 70,723 | 47,675 | 23,048 | 48% | 47,675 | 32,078 | 15,597 | 49%
Total cost of revenues | $231,043 | $157,129 | $73,914 | 47% | $157,129 | $121,271 | $35,858 | 30%
Percentage of revenues |  |  |  |  |  |  |  | 
Subscriptions | 18% | 16% |  |  | 16% | 18% |  | 
Other | 8% | 7% |  |  | 7% | 6% |  | 
Gross margins |  |  |  |  |  |  |  | 
Subscriptions | 80% | 82% |  |  | 82% | 81% |  | 
Other | 17% | 22% |  |  | 22% | 16% |  | 
Total gross margin % | 74% | 77% |  |  | 77% | 76% |  | 


Question: What is the value of the subscription costs as a percentage of the total cost of revenue in 2019?
Answer: 69.39
Calculation: 160,320/231,043
(9) Property, Plant and Equipment
Net property, plant and equipment is composed of the following:
(1) Fiber, conduit and other outside plant consists of fiber and metallic cable, conduit, poles and other supporting structures.
2) Central office and other network electronics consists of circuit and packet switches, routers, transmission electronics and electronics providing service to customers.
(3) Support assets consist of buildings, cable landing stations, data centers, computers and other administrative and support equipment.
(4) Construction in progress includes inventory held for construction and property of the aforementioned categories that has not been placed in service as it is still under construction.
We recorded depreciation expense of $3.1 billion, $3.3 billion and $2.7 billion for the years ended December 31, 2019, 2018 and 2017, respectively.
Table:
 | Depreciable Lives | As of December 31 | 
 |  | 2019 | 2018
 |  | (Dollars in millions) | 
Land | N/A | $867 | 871
Fiber, conduit and other outside plant(1) | 15-45 years | 24,666 | 23,936
Central office and other network electronics(2) | 3-10 years | 19,608 | 18,736
Support assets(3) | 3-30 years | 7,984 | 8,020
Construction in progress(4) | N/A | 2,300 | 1,704
Gross property, plant and equipment |  | 55,425 | 53,267
Accumulated depreciation |  | (29,346) | (26,859)
Net property, plant and equipment |  | $26,079 | 26,408


Question: What do 'Support assets' consist of?
Answer: buildings, cable landing stations, data centers, computers and other administrative and support equipment.
Other Defined Benefit Plans
We maintain various defined benefit plans to provide termination and postretirement benefits to certain eligible employees outside of the U.S. We also provide disability benefits to certain eligible employees in the U.S. Eligibility is determined based on the terms of our plans and local statutory requirements.
Funded Status
The funded status of our postretirement health care and other defined benefit plans, which is recognized in other long-term liabilities in our consolidated balance sheets, was as follows (in millions):
Table:
 | April 26, 2019 | April 27, 2018
Fair value of plan assets | $ 31 | $ 25
Benefit obligations | (61) | (53)
Unfunded obligations | $(30) | $(28)


Question: What was the change in benefit obligations between 2018 and 2019?
Answer: -8
Calculation: -61-(-53)
F. INVENTORIES
Inventories, net consisted of the following at December 31, 2019 and 2018:
Inventory reserves for the years ended December 31, 2019 and 2018 were $103.6 million and $100.8 million, respectively.
Table:
 | 2019 | 2018
 | (in thousands) | 
Raw material | $118,595 | $89,365
Work-in-process | 32,695 | 31,014
Finished goods | 45,401 | 33,162
 | $196,691 | $153,541


Question: In which years was net inventories calculated?
Answer: 2019, 2018
ITEM 6. SELECTED FINANCIAL DATA
The following selected consolidated financial data should be read together with our consolidated financial statements and accompanying notes and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” appearing elsewhere in this report. The selected consolidated financial data in this section is not intended to replace our consolidated financial statements and the accompanying notes. Our historical results are not necessarily indicative of our future results.
We derived the consolidated statements of operations data for the fiscal years ended December 31, 2019, 2018 and 2017 and the consolidated balance sheets data as of December 31, 2019 and 2018 from our audited consolidated financial statements appearing elsewhere in this report. The consolidated statement of operations data for the years ended December 31, 2016 and 2015 and the consolidated balance sheet data as of December 31, 2017, 2016 and 2015 have been derived from our audited consolidated financial statements, which are not included in this report.
Table:
 | Year Ended December 31, |  |  |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
Consolidated Statement of Operations Data |  |  | (Dollars in thousands except share and per share data) |  | 
Net sales | $ 245,862 | $193,237 | $152,359 | $129,707 | $113,505
Cost of goods sold | 131,665 | 103,247 | 79,943 | 69,336 | 58,856
Gross profit | 114,197 | 89,990 | 72,416 | 60,371 | 54,649
Selling, general and administrative expenses | 114,450 | 94,876 | 75,167 | 62,586 | 58,297
Loss from operations | (253) | (4,886) | (2,751) | (2,215) | (3,648)
Other income (expenses), net | 5 | (102) | (525) | (182) | 449
Interest expense | (991) | (296) | (910) | (698) | (455)
Loss before income taxes | (1,239) | (5,284) | (4,187) | (3,095) | (3,653)
Income tax expense | 144 | 77 | 75 | 66 | 58
Net loss attributable to common stockholders | $(1,383) | $(5,361) | $(4,262) | $(3,161) | $(3,711)
Net loss per share |  |  |  |  | 
Basic | $(0.04) | $(0.15) | $(0.12) | $(0.09) | $(0.11)
Diluted | $(0.04) | $(0.15) | $(0.12) | $(0.09) | $(0.11)
Weighted Average shares of common stock outstanding |  |  |  |  | 
Basic | 35,950,117 | 35,329,170 | 34,487,239 | 33,674,416 | 33,497,940
Diluted | 35,950,117 | 35,329,170 | 34,487,239 | 33,674,416 | 33,497,940


Question: What is the percentage change in cost of goods sold from 2018 to 2019?
Answer: 27.52
Calculation: (131,665-103,247)/103,247
Receivables (payables): The balances with Golar Partners and subsidiaries as of December 31, 2019 and 2018 consisted of the following:
(iii) Interest income on short-term loan, balances due(to)/from Golar Partners and its subsidiaries - Receivables and payables with Golar Partners and its subsidiaries comprise primarily of unpaid management fees and expenses for management, advisory and administrative services, dividends in respect of the Hilli Common Units and other related party arrangements including the Hilli Disposal. In addition, certain receivables and payables arise when we pay an invoice on behalf of a related party and vice versa. Receivables and payables are generally settled quarterly in arrears. Balances owing to or due from Golar Partners and its subsidiaries are unsecured, interest-free and intended to be settled in the ordinary course of business. In November 2019, we loaned $15.0 million to Golar Partners, with interest of LIBOR plus 5.0%. The loan was fully repaid, including interest of $0.1 million, in December 2019.
(vii) Methane Princess lease security deposit movements - This represents net advances from Golar Partners since its IPO, which correspond with the net release of funds from the security deposits held relating to a lease for the Methane Princess. This is in connection with the Methane Princess tax lease indemnity provided to Golar Partners under the Omnibus Agreement. Accordingly, these amounts will be settled as part of the eventual termination of the Methane Princess lease.
Table:
(in thousands of $) | 2019 | 2018
Balances due (to)/from Golar Partners and its subsidiaries (iii) | (2,708) | 4,091
Methane Princess lease security deposit movements (vii) | (2,253) | (2,835)
Total | (4,961) | 1,256


Question: Which year was the balances due (to)/from Golar Partners and its subsidiaries higher?
Answer: 2018
Calculation: 4,091 > (2,708)
5. Goodwill and Purchased Intangible Assets
(b) Purchased Intangible Assets
The following table presents the amortization of purchased intangible assets (in millions):
Table:
Years Ended | July 27, 2019 | July 28, 2018 | July 29, 2017
Amortization of purchased intangible assets: |  |  | 
Cost of sales . | $624 | $640 | $556
Operating expenses |  |  | 
Amortization of purchased intangible assets | 150 | 221 | 259
Restructuring and other charges | — | — | 38
Total  . | $774 | $861 | $853


Question: What were the cost of sales in 2019?
Answer: 624
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 useful lives of Furniture and Fixtures?
Answer: 7 years
(15) CONTRACT BALANCES
Contract balances at December 31 are set forth in the following table:
The change in our net contract assets/(liabilities) from December 31, 2018 to December 31, 2019 was due primarily to the timing of payments and invoicing relating to SaaS and PCS renewals, partially offset by revenues recognized in the year ended December 31, 2019 of $674.2, related to our contract liability balances at December 31, 2018. In addition, the impact of the 2019 business acquisitions increased net contract liabilities by $96.2.
In order to determine revenues recognized in the period from contract liabilities, we allocate revenue to the individual deferred revenue or BIE balance outstanding at the beginning of the year until the revenue exceeds that balance.
Impairment losses recognized on our accounts receivable and unbilled receivables were immaterial in the year ended December 31, 2019.
(1) Consists of “Deferred revenue,” and billings in-excess of revenues (“BIE”). BIE are reported in “Other accrued liabilities” in our Consolidated Balance Sheets.
Table:
Balance Sheet Account | 2019 | 2018 | Change
Unbilled receivables | $  183.5 | $  169.4 | $    14.1
Contract liabilities - current(1) | (840.8) | (714.1) | (126.7)
Deferred revenue - non-current | (33.2) | (29.8) | (3.4)
Net contract assets/(liabilities) | $ (690.5) | $ (574.5) | $ (116.0)


Question: How does the Company determine revenues recognized in the period from contract liabilities?
Answer: we allocate revenue to the individual deferred revenue or BIE balance outstanding at the beginning of the year until the revenue exceeds that balance
bhge 2017 form 10-k | 29 the rig counts are summarized in the table below as averages for each of the periods indicated. .

Table:
 | 2017 | 2016 | 2015
north america | 1082 | 642 | 1178
international | 948 | 956 | 1168
worldwide | 2030 | 1598 | 2346
2017 compared to 2016 overall the rig count was 2030 in 2017 , an increase of 27% ( 27 % ) as compared to 2016 due primarily to north american activity .
the rig count in north america increased 69% ( 69 % ) in 2017 compared to 2016 .
internationally , the rig count decreased 1% ( 1 % ) in 2017 as compared to the same period last year .
within north america , the increase was primarily driven by the land rig count , which was up 72% ( 72 % ) , partially offset by a decrease in the offshore rig count of 16% ( 16 % ) .
internationally , the rig count decrease was driven primarily by decreases in latin america of 7% ( 7 % ) , the europe region and africa region , which were down by 4% ( 4 % ) and 2% ( 2 % ) , respectively , partially offset by the asia-pacific region , which was up 8% ( 8 % ) .
2016 compared to 2015 overall the rig count was 1598 in 2016 , a decrease of 32% ( 32 % ) as compared to 2015 due primarily to north american activity .
the rig count in north america decreased 46% ( 46 % ) in 2016 compared to 2015 .
internationally , the rig count decreased 18% ( 18 % ) in 2016 compared to 2015 .
within north america , the decrease was primarily driven by a 44% ( 44 % ) decline in oil-directed rigs .
the natural gas- directed rig count in north america declined 50% ( 50 % ) in 2016 as natural gas well productivity improved .
internationally , the rig count decrease was driven primarily by decreases in latin america , which was down 38% ( 38 % ) , the africa region , which was down 20% ( 20 % ) , and the europe region and asia-pacific region , which were down 18% ( 18 % ) and 15% ( 15 % ) , respectively .
key performance indicators ( millions ) product services and backlog of product services our consolidated and combined statement of income ( loss ) displays sales and costs of sales in accordance with sec regulations under which "goods" is required to include all sales of tangible products and "services" must include all other sales , including other service activities .
for the amounts shown below , we distinguish between "equipment" and "product services" , where product services refer to sales under product services agreements , including sales of both goods ( such as spare parts and equipment upgrades ) and related services ( such as monitoring , maintenance and repairs ) , which is an important part of its operations .
we refer to "product services" simply as "services" within the business environment section of management's discussion and analysis .
backlog is defined as unfilled customer orders for products and services believed to be firm .
for product services , an amount is included for the expected life of the contract. .

Question: what portion of the rig counts is related to north america in 2016?
Answer: 40.2%
Calculation: divide(642, 1598)
Net finance cost was £47.2m for the year; a decrease of £1.2m on 2017/18. Net regular interest in the year was £40.5m, a decrease of £3.9m compared to the prior year. Consistent with recent years, the largest component of finance costs in the year was interest due to holders of the Group’s senior secured notes, which was £31.7m.
The interest on the senior secured notes was £0.5m lower compared to the prior year following the re-financing of the June 2021 £325m fixed rate notes at a coupon of 6.5% to the October 2023 £300m fixed rate notes to the slightly lower coupon of 6.25%. Bank debt interest of £5.1m was £2.1m lower in the year due to lower levels of average debt and a lower margin on the revolving credit facility following the refinancing completed in May 2018. Amortisation of debt issuance costs was £3.7m, £1.3m lower than the prior year due to lower transaction costs associated with the issue of the £300m 6.25% Fixed rate notes compared with the retired £325m 6.5% Fixed rate notes.
Write-off of financing costs and early redemption fees of £11.3m include a £5.7m fee related to the write-off of transaction costs associated with the senior secured fixed rate notes due March 2021, which were repaid during the year, and a £5.6m redemption fee associated with the early call of the March 2021 bond.
In the prior year, a £0.4m discount unwind credit relating to long-term property provisions held by the Group due to an increase in gilt yields was reflected in reported Net finance cost. In 2018/19, a discount unwind charge of £3.0m was included in the Net finance cost of £47.2m. Other interest income of £7.6m in the year relates to monies received from the Group’s associate Hovis Holdings Limited ('Hovis') and reflects the reversal of a previous impairment.
Table:
£m | 2018/19 | 2017/18 | Change
Senior secured notes interest | 31.7 | 32.2 | 0.5
Bank debt interest | 5.1 | 7.2 | 2.1
 | 36.8 | 39.4 | 2.6
Amortisation of debt issuance costs | 3.7 | 5.0 | 1.3
Net regular interest5 | 40.5 | 44.4 | 3.9
Fair value movements on interest rate financial instruments | – | (0.4) | (0.4)
Write-off of financing costs and early redemption fees | 11.3 | 4.0 | (7.3)
Discount unwind | 3.0 | (0.4) | (3.4)
Other finance income | (7.6) | – | 7.6
Other interest cost | – | 0.8 | 0.8
Net finance cost | 47.2 | 48.4 | 1.2


Question: What was the Net finance cost in 2017/18?
Answer: 48.4
BENEFIT OBLIGATION AND PLAN ASSETS FOR PENSION BENEFIT PLANS
The vested benefit obligation for a defined-benefit pension plan is the actuarial present value of the vested benefits to which the employee is currently entitled based on the employee’s expected date of separation or retirement.
1 The projected benefit obligation was approximately 35% in the U.S. and 65% outside of the U.S. as of December 28, 2019 and December 29, 2018.
2 The fair value of plan assets was approximately 55% in the U.S. and 45% outside of the U.S. as of December 28, 2019 and December 29, 2018.
3 The accumulated other comprehensive loss (income), before tax, was approximately 35% in the U.S. and 65% outside of the U.S. as of December 28, 2019 and December 29, 2018.
Changes in actuarial gains and losses in the projected benefit obligation are generally driven by discount rate movement. We use the corridor approach to amortize actuarial gains and losses. Under this approach, net actuarial gains or losses in excess of 10% of the larger of the projected benefit obligation or the fair value of plan assets are amortized on a straight-line basis.
Table:
(In Millions) | Dec 28, 2019 | Dec 29, 2018
Changes in projected benefit obligation: |  | 
Beginning projected benefit obligation | $3,433 | $3,842
Service cost | 54 | 65
Interest cost | 113 | 113
Actuarial (gain) loss | 829 | (204)
Currency exchange rate changes | (2) | (121)
Plan curtailments | — | (150)
Plan settlements | (57) | (74)
Other | (86) | (38)
Ending projected benefit obligation 1 | 4,284 | 3,433
Changes in fair value of plan assets: |  | 
Beginning fair value of plan assets | 2,551 | 2,287
Actual return on plan assets | 193 | (38)
Employer contributions | 30 | 480
Currency exchange rate changes | 3 | (62)
Plan settlements | (57) | (74)
Other | (66) | (42)
Ending fair value of plan assets 2 | 2,654 | 2,551
Net funded status | $1,630 | $882
Amounts recognized in the Consolidated Balance Sheets |  | 
Other long-term assets | $— | $244
Other long-term liabilities | $1,630 | $1,126
Accumulated other comprehensive loss (income), before tax 3 | $1,730 | $1,038


Question: What is the main driver of changes in actuarial gains and losses in the projected benefit obligation?
Answer: Discount rate movement
NOTE 11 - STOCK CAPITAL (Cont.)
Share-based compensation to employees and to directors: (Cont.)
Restricted Stock:
The Company awards stock and restricted stock to certain employees, officers, directors, and/or service providers. The restricted stock vests in accordance with such conditions and restrictions determined by the GNC Committee. These conditions and restrictions may include the achievement of certain performance goals and/or continued employment with the Company through a specified restricted period. The purchase price (if any) of shares of restricted stock is determined by the GNC Committee. If the performance goals and other restrictions are not attained, the grantee will automatically forfeit their unvested awards of restricted stock to the Company. Compensation expense for restricted stock is based on fair market value at the grant date.
The total compensation expense recorded by the Company in respect of its stock and restricted stock awards to certain employees, officers, directors, and service providers for the year ended December 31, 2019 and 2018 amounted to $392 and $506, respectively.
Table:
 | Number of Restricted Stock | Weighted Average Grant Date Fair Value | Weighted Average Remaining Contractual Term (Years)
Nonvested as of December 31, 2017 | 126,808 | 4.25 | 1.31
Granted | 144,447 | 3.59 | 
Vested | 118,347 | 3.81 | 
Forfeitures | - | - | 
Nonvested as of December 31, 2018 | 152,908 | 3.96 | 1.56
Granted | 113,012 | 3.98 | 
Vested | 64,535 | 3.88 | 
Forfeitures | - | - | 
Nonvested as of December 31, 2019 | 201,385 | 4.00 | 1.95


Question: What is the total compensation expense recorded by the Company for the year ended December 31, 2018?
Answer: $506