hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Net Revenues by Geographic Region
The following table details our consolidated net revenues by geographic region (amounts in millions):
(1) “EMEA” consists of the Europe, Middle East, and Africa geographic regions
Americas
The decrease in net revenues in the Americas region for 2019, as compared to 2018, was primarily due to lower revenues recognized from the Destiny franchise (reflecting our sale of the publishing rights for Destiny to Bungie in December 2018).
EMEA
The decrease in net revenues in the EMEA region for 2019, as compared to 2018, was primarily due to:
lower revenues recognized from the Destiny franchise; and lower revenues recognized from Call of Duty: Black Ops 4, which was released in October 2018, as compared to Call of Duty: WWII, which was released in November 2017.
Asia Pacific
The decrease in net revenues in the Asia Pacific region for 2019, as compared to 2018, was primarily due to:
lower revenues recognized from Hearthstone, primarily due to the prior year including additional digital content delivered in connection with the renewal of our contract with NetEase, Inc. in December 2018, with no equivalent transaction for the franchise in 2019; and lower revenues recognized from the Destiny franchise.
The decrease was partially offset by:• revenues recognized from Crash Team Racing Nitro-Fueled, which was released in June 2019; • revenues from Sekiro: Shadows Die Twice, which was released in March 2019; and • higher revenues recognized from Call of Duty: Modern Warfare, which was released in October 2019, as compared to Call of Duty: Black Ops 4.
Table:
 |  |  |  | 
 | 2019 | 2018 | Increase/ (decrease) | % Change
Net revenues by geographic region: |  |  |  | 
Americas | $3,341 | $3,880 | $(539) | (14)%
EMEA (1) | 2,239 | 2,618 | (379) | (14)
Asia Pacific | 909 | 1,002 | (93) | (9)
Consolidated net revenues | $6,489 | $7,500 | $(1,011) | (13)


Question: What was the total net revenues in 2018 of Americas and EMEA?
Answer: 6498
Calculation: $3,880+2,618
entergy gulf states , inc . management's financial discussion and analysis .

Table:
 | ( in millions )
2003 net revenue | $ 1110.1
volume/weather | 26.7
net wholesale revenue | 13.0
summer capacity charges | 5.5
price applied to unbilled sales | 4.8
fuel recovery revenues | -14.2 ( 14.2 )
other | 3.9
2004 net revenue | $ 1149.8
the volume/weather variance resulted primarily from an increase of 1179 gwh in electricity usage in the industrial sector .
billed usage also increased a total of 291 gwh in the residential , commercial , and governmental sectors .
the increase in net wholesale revenue is primarily due to an increase in sales volume to municipal and co-op customers .
summer capacity charges variance is due to the amortization in 2003 of deferred capacity charges for the summer of 2001 compared to the absence of the amortization in 2004 .
the amortization of these capacity charges began in june 2002 and ended in may 2003 .
the price applied to unbilled sales variance resulted primarily from an increase in the fuel price applied to unbilled sales .
fuel recovery revenues represent an under-recovery of fuel charges that are recovered in base rates .
entergy gulf states recorded $ 22.6 million of provisions in 2004 for potential rate refunds .
these provisions are not included in the net revenue table above because they are more than offset by provisions recorded in 2003 .
gross operating revenues , fuel and purchased power expenses , and other regulatory credits gross operating revenues increased primarily due to an increase of $ 187.8 million in fuel cost recovery revenues as a result of higher fuel rates in both the louisiana and texas jurisdictions .
the increases in volume/weather and wholesale revenue , discussed above , also contributed to the increase .
fuel and purchased power expenses increased primarily due to : 2022 increased recovery of deferred fuel costs due to higher fuel rates ; 2022 increases in the market prices of natural gas , coal , and purchased power ; and 2022 an increase in electricity usage , discussed above .
other regulatory credits increased primarily due to the amortization in 2003 of deferred capacity charges for the summer of 2001 compared to the absence of amortization in 2004 .
the amortization of these charges began in june 2002 and ended in may 2003 .
2003 compared to 2002 net revenue , which is entergy gulf states' measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory credits .
following is an analysis of the change in net revenue comparing 2003 to 2002. .

Question: what is the growth rate in net revenue in 2004 for entergy gulf states , inc?
Answer: 3.6%
Calculation: subtract(1149.8, 1110.1), divide(#0, 1110.1)
NET DEBT
The term net debt does not have any standardized meaning under IFRS. Therefore, it is unlikely to be comparable to similar measures presented by other issuers.
We define net debt as debt due within one year plus long-term debt and 50% of preferred shares, less cash and cash equivalents, as shown in BCE’s consolidated statements of financial position. We include 50% of outstanding preferred shares in our net debt as it is consistent with the treatment by certain credit rating agencies.
We consider net debt to be an important indicator of the company’s financial leverage because it represents the amount of debt that is not covered by available cash and cash equivalents. We believe that certain investors and analysts use net debt to determine a company’s financial leverage.
Net debt has no directly comparable IFRS financial measure, but rather is calculated using several asset and liability categories from the statements of financial position, as shown in the following table.
Table:
 | 2019 | 2018
Debt due within one year | 3,881 | 4,645
Long-term debt | 22,415 | 19,760
50% of outstanding preferred shares | 2,002 | 2,002
Cash and cash equivalents | (145) | (425)
Net debt | 28,153 | 25,982


Question: How is net debt defined?
Answer: debt due within one year plus long-term debt and 50% of preferred shares, less cash and cash equivalents, as shown in BCE’s consolidated statements of financial position
A.5 Net assets position
Our total assets at the end of fiscal 2019 were influenced by positive currency translation effects of € 4.0 billion (mainly goodwill), primarily involving the U. S. dollar.
The increase in other current financial assets was driven by higher loans receivable at SFS, which were mainly due to new business and reclassification of non-current loans receivable from other financial assets. While higher loans receivable and receivables from finance leases from new business at SFS contributed also to growth in other financial assets, a large extent of the overall increase resulted from increased fair values of derivative financial instruments.
Inventories increased in several industrial businesses, with the build-up most evident at SGRE, Mobility and Siemens Healthineers.
Assets classified as held for disposal increased mainly due to reclassification of two investments from investments accounted for using the equity method.
The increase in goodwill included the acquisition of Mendix.
Deferred tax assets increased mainly due to income tax effects related to remeasurement of defined benefits plans.
The increase in other assets was driven mainly by higher net defined benefit assets from actuarial gains.
Table:
 |  | Sep 30, | 
(in millions of €) | 2019 | 2018 | % Change
Cash and cash equivalents | 12,391 | 11,066 | 12 %
Trade and other receivables | 18,894 | 18,455 | 2 %
Other current financial assets | 10,669 | 9,427 | 13 %
Contract assets | 10,309 | 8,912 | 16 %
Inventories | 14,806 | 13,885 | 7 %
Current income tax assets | 1,103 | 1,010 | 9 %
Other current assets | 1,960 | 1,707 | 15 %
Assets classified as held for disposal | 238 | 94 | 154 %
Total current assets | 70,370 | 64,556 | 9 %
Goodwill | 30,160 | 28,344 | 6 %
Other intangible assets | 9,800 | 10,131 | (3) %
Property, plant and equipment | 12,183 | 11,381 | 7 %
Investments accounted for using the equity method | 2,244 | 2,579 | (13) %
Other financial assets | 19,843 | 17,774 | 12 %
Deferred tax assets | 3,174 | 2,341 | 36 %
Other assets | 2,475 | 1,810 | 37 %
Total non-current assets | 79,878 | 74,359 | 7 %
Total assets | 150,248 | 138,915 | 8 %


Question: What caused the deferred tax assets to increase?
Answer: Deferred tax assets increased mainly due to income tax effects related to remeasurement of defined benefits plans.
The reconciliation of the United Kingdom statutory tax rate to the Company’s effective tax rate included in the accompanying consolidated statements of operations is as follows:
Although the Company’s parent entity is organized under Jersey law, our affairs are, and are intended to be, managed and controlled ongoing in the United Kingdom. Therefore, the Company is resident in the United Kingdom for tax purposes. The Company’s parent entity is domiciled in the United Kingdom and its earnings are subject to 19%, 19% and 20% statutory tax rate for the years ended March 31, 2019, 2018 and 2017, respectively.
The Company’s effective tax rate differs from the statutory rate each year primarily due to windfall tax benefits on equity award exercises, the valuation allowance maintained against the Company’s net deferred tax assets, the jurisdictional earnings mix, tax credits, withholding taxes, and other permanent differences primarily related to non-deductible expenses.
Table:
 |  | Year ended March 31,  | 
 | 2019 | 2018 | 2017
Tax at statutory rate | 19.0% | 19.0% | 20.0%
U.S. state taxes, net of federal | 31.1 | 14.1 | (1.0)
Foreign rate differential   | 26.3 | 36.8 | (39.3)
Meals and entertainment   | (11.4) | (3.1) | (7.4)
Branch income / loss   | (0.6) | 0.4 | 0.9
Share-based compensation | 172.3 | 105.3 | (4.0)
Foreign exchange   | — | — | (24.8)
Non-deductible interest expense   | — | — | (3.3)
Tax credits | 7.7 | 8.1 | 15.6
Unremitted earnings   | (3.8) | (1.2) | —
Change in valuation allowance   | (249.9) | (110.7) | 124.7
Deferred tax true-ups   | (3.5) | 8.4 | (12.4)
Tax reserves   | (4.9) | (21.5) | (117.7)
Provision to return   | (0.1) | 0.4 | (0.7)
Withholding taxes   | (2.6) | (3.5) | —
Other foreign taxes   | — | — | (6.7)
Non-deductible expenses   | (5.2) | (2.4) | (10.6)
Deferred tax rate change   | (6.3) | (77.8) | (1.3)
Acquisition related costs   | (7.6) | — | —
Other   | (0.5) | (0.2) | —
Effective Tax Rate   | (40.0)% | (27.9)% | (68.0)%


Question: What was the Tax at statutory rate in 2019, 2018 and 2017 respectively?
Answer: 19.0%, 19.0%, 20.0%
part ii price range our common stock commenced trading on the nasdaq national market under the symbol 201cmktx 201d on november 5 , 2004 . prior to that date , there was no public market for our common stock . the high and low bid information for our common stock , as reported by nasdaq , was as follows : on march 8 , 2006 , the last reported closing price of our common stock on the nasdaq national market was $ 12.59 . holders there were approximately 114 holders of record of our common stock as of march 8 , 2006 . dividend policy we have not declared or paid any cash dividends on our capital stock since our inception . we intend to retain future earnings to finance the operation and expansion of our business and do not anticipate paying any cash dividends in the foreseeable future . in the event we decide to declare dividends on our common stock in the future , such declaration will be subject to the discretion of our board of directors . our board may take into account such matters as general business conditions , our financial results , capital requirements , contractual , legal , and regulatory restrictions on the payment of dividends by us to our stockholders or by our subsidiaries to us and any such other factors as our board may deem relevant . use of proceeds on november 4 , 2004 , the registration statement relating to our initial public offering ( no . 333-112718 ) was declared effective . we received net proceeds from the sale of the shares of our common stock in the offering of $ 53.9 million , at an initial public offering price of $ 11.00 per share , after deducting underwriting discounts and commissions and estimated offering expenses . except for salaries , and reimbursements for travel expenses and other out-of -pocket costs incurred in the ordinary course of business , none of the proceeds from the offering have been paid by us , directly or indirectly , to any of our directors or officers or any of their associates , or to any persons owning ten percent or more of our outstanding stock or to any of our affiliates . we have invested the proceeds from the offering in cash and cash equivalents and short-term marketable securities . item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities .

Table:
 | high | low
november 5 2004 to december 31 2004 | $ 24.41 | $ 12.75
january 1 2005 to march 31 2005 | $ 15.95 | $ 9.64
april 1 2005 to june 30 2005 | $ 13.87 | $ 9.83
july 1 2005 to september 30 2005 | $ 14.09 | $ 9.99
october 1 2005 to december 31 2005 | $ 13.14 | $ 10.64
.

Question: what was the highest share price in the period october 1 2005 to december 31 2005?
Answer: 13.14
Calculation: table_max(october 1 2005 to december 31 2005, none)
Gross margin
The Group achieved further gross margin expansion in 2019 with an increase of 1.0 percentage points, to 73.2 per cent from 72.2 per cent in 2018. This followed an increase of 0.7 percentage points last year. Once again, all the operating segments achieved an improvement in gross margin, benefiting from new product launches and a higher proportion of software sales.
Table:
$ million | 2019 | % | 2018 | %
Networks & Security | 232.3 | 72.6 | 205.3 | 72.0
Lifecycle Service Assurance | 88.6 | 79.7 | 87.9 | 77.9
Connected Devices | 47.7 | 65.8 | 51.3 | 64.9
 | 368.6 | 73.2 | 344.5 | 72.2


Question: Which operating segments in the table achieved an improvement in gross margin?
Answer: Networks & Security, Lifecycle Service Assurance, Connected Devices
Short-term borrowings and current portion of long-term obligations consist of the following (in thousands):
(1) Net of debt issuance costs of $4.6 million and $4.7 million at September 28, 2019 and September 29, 2018, respectively.
Table:
 | Fiscal year-end | 
 | 2019 | 2018
Current portion of Euro Term Loan(1) | $2,748 | $3,092
1.3% Term loan due 2024 | 1,367 | 1,448
1.0% State of Connecticut term loan due 2023 | 378 | 374
Capital lease obligations | 370 | 158
Line of credit borrowings | 10,000 | —
Total current portion of long-term obligations | $14,863 | $5,072


Question: What was the percentage change in Capital lease obligations from 2018 to 2019?
Answer: 134.18
Calculation: (370-158)/158
s c h e d u l e i v ace limited and subsidiaries s u p p l e m e n t a l i n f o r m a t i o n c o n c e r n i n g r e i n s u r a n c e premiums earned for the years ended december 31 , 2010 , 2009 , and 2008 ( in millions of u.s . dollars , except for percentages ) direct amount ceded to companies assumed from other companies net amount percentage of amount assumed to .

Table:
for the years ended december 31 2010 2009 and 2008 ( in millions of u.s . dollars except for percentages ) | directamount | ceded to other companies | assumed from other companies | net amount | percentage of amount assumed to net
2010 | $ 15780 | $ 5792 | $ 3516 | $ 13504 | 26% ( 26 % )
2009 | $ 15415 | $ 5943 | $ 3768 | $ 13240 | 28% ( 28 % )
2008 | $ 16087 | $ 6144 | $ 3260 | $ 13203 | 25% ( 25 % )
.

Question: what is the growth rate in direct amount from 2009 to 2010?
Answer: 2.4%
Calculation: subtract(15780, 15415), divide(#0, 15415)
Contributions and Direct Benefit Payments
It is the company’s general practice to fund amounts for pensions sufficient to meet the minimum requirements set forth in applicable employee benefits laws and local tax laws. From time to time, the company contributes additional amounts as it deems appropriate.
The following table presents the contributions made to the non-U.S. DB plans, non pension postretirement benefit plans, multi-employer plans, DC plans and direct payments for 2019 and 2018. The cash contributions to the multi-employer plans represent the annual cost included in the net periodic (income)/ cost recognized in the Consolidated Income Statement. The company’s participation in multi-employer plans has no material impact on the company’s financial statements.
In 2019 and 2018, $635 million and $598 million, respectively, was contributed in U.S. Treasury securities, which is considered a non-cash transaction (includes the Active Medical Trust).
Table:
($ in millions) |  | 
For the year ended December 31: | 2019 | 2018
Non-U.S. DB plans | $  243 | $  325
Non pension postretirement benefit plans | 304 | 335
Multi-employer plans | 32 | 38
DC plans | 1,040 | 1,024
Direct benefit payments | 559 | 567
Total | $2,177 | $2,288


Question: What was the Non pension post retirement benefit plan in 2019?
Answer: 304
interest expense , net was $ 26.4 million , $ 14.6 million , and $ 5.3 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively . interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities . amortization of deferred financing costs was $ 1.2 million , $ 0.8 million , and $ 0.6 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively . the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities . 6 . commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases . the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments . the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2016 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes . the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2016 as well as significant operating lease agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) .

Table:
2017 | $ 114857
2018 | 127504
2019 | 136040
2020 | 133092
2021 | 122753
2022 and thereafter | 788180
total future minimum lease payments | $ 1422426
included in selling , general and administrative expense was rent expense of $ 109.0 million , $ 83.0 million and $ 59.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , under non-cancelable operating lease agreements .
included in these amounts was contingent rent expense of $ 13.0 million , $ 11.0 million and $ 11.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .
sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products .
these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments .
the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 .

Question: what was the percentage change in rent expenses included in selling , general and administrative expense from 2014 to 2015?
Answer: 41%
Calculation: subtract(83.0, 59.0), divide(#0, 59.0)
notes to consolidated financial statements ( continued ) note 8 2014commitments and contingencies ( continued ) provide renewal options for terms of 3 to 7 additional years . leases for retail space are for terms of 5 to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options . as of september 29 , 2007 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 1.4 billion , of which $ 1.1 billion related to leases for retail space . rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 151 million , $ 138 million , and $ 140 million in 2007 , 2006 , and 2005 , respectively . future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 29 , 2007 , are as follows ( in millions ) : fiscal years .

Table:
2008 | $ 155
2009 | 172
2010 | 173
2011 | 160
2012 | 148
thereafter | 617
total minimum lease payments | $ 1425
accrued warranty and indemnifications the company offers a basic limited parts and labor warranty on its hardware products .
the basic warranty period for hardware products is typically one year from the date of purchase by the end-user .
the company also offers a 90-day basic warranty for its service parts used to repair the company 2019s hardware products .
the company provides currently for the estimated cost that may be incurred under its basic limited product warranties at the time related revenue is recognized .
factors considered in determining appropriate accruals for product warranty obligations include the size of the installed base of products subject to warranty protection , historical and projected warranty claim rates , historical and projected cost-per-claim , and knowledge of specific product failures that are outside of the company 2019s typical experience .
the company assesses the adequacy of its preexisting warranty liabilities and adjusts the amounts as necessary based on actual experience and changes in future estimates .
for products accounted for under subscription accounting pursuant to sop no .
97-2 , the company recognizes warranty expense as incurred .
the company periodically provides updates to its applications and system software to maintain the software 2019s compliance with specifications .
the estimated cost to develop such updates is accounted for as warranty costs that are recognized at the time related software revenue is recognized .
factors considered in determining appropriate accruals related to such updates include the number of units delivered , the number of updates expected to occur , and the historical cost and estimated future cost of the resources necessary to develop these updates. .

Question: as of september 29 , 2007 , what percent of the company 2019s total future minimum lease payments under noncancelable operating leases were related to leases for retail space?
Answer: 78.6%
Calculation: divide(1.1, 1.4)