hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Property, plant and equipment, net
Property, plant and equipment, net consisted of the following at December 31, 2019 and 2018 (in thousands):
We periodically assess the estimated useful lives of our property, plant and equipment whenever applicable facts and circumstances indicate a change in the estimated useful life of an asset may have occurred. During the year ended December 31, 2019, we revised the estimated useful lives of certain core Series 6 manufacturing equipment from 10 years to 15 years. Such revision was primarily due to the validation of certain aspects of our Series 6 module technology, including the nature of the manufacturing process, the operating and maintenance cost profile of the manufacturing equipment, and the technology’s compatibility with our long-term module technology roadmap. We expect the revised useful lives to reduce depreciation by approximately $15.0 million per year. Depreciation of property, plant and equipment was $176.4 million, $109.1 million, and $91.4 million for the years ended December 31, 2019, 2018, and 2017, respectively.
Table:
 | 2019 | 2018
Land | $14,241 | $14,382
Buildings and improvements . | 664,266 | 567,605
Machinery and equipment . | 2,436,997 | 1,826,434
Office equipment and furniture . | 159,848 | 178,011
Leasehold improvements | 48,772 | 49,055
Construction in progress | 243,107 | 405,581
Property, plant and equipment, gross | 3,567,231 | 3,041,068
Accumulated depreciation . | (1,386,082) | (1,284,857)
Property, plant and equipment, net | $2,181,149 | $1,756,211


Question: What was the depreciation of property, plant and equipment in 2019? 
Answer: $176.4 million
Operating costs
Total Group adjusted operating costs were up $8.3 million or 3.1 per cent in 2019 compared to last year, broadly in line with inflation. The emphasis remained on effective resource allocation and careful cost management. The overall investment in product development was maintained, with continuing focus on high-growth, high-margin areas. Investment in the sales and marketing organisation was targeted on expanding our key account management programme to drive incremental business with our most valuable customers and developing routes to market for our new technologies to a broadening customer base. Administration costs in 2019 reflected an inflationary increase and higher corporate costs, primarily due to CEO transition.
Segmentally, investment continued in Networks & Security, where we see the most near-term opportunities for growth, particularly in relation to 400G high-speed Ethernet and our Positioning business. A new General Manager joined Lifecycle Service Assurance in October and a review is in progress to evolve the business and optimise the organisational structure to expand the customer base and deliver on our growth agenda. Proactive cost management has once again been demonstrated within Connected Devices, where we have seen a decrease in legacy product revenue year-on-year. As stated above, corporate costs in 2019 included costs associated with CEO transition.
Note
1. Before exceptional items, acquisition related costs, acquired intangible asset amortisation and share-based payment amounting to $4.3 million in total (2018 $19.6 million).
Table:
$ million | 2019 | 2018
Product development | 96.5 | 96.9
Selling and marketing | 129.2 | 123.9
Administration1 | 50.0 | 46.6
Adjusted operating costs1 | 275.7 | 267.4
Networks & Security | 158.4 | 148.9
Lifecycle Service Assurance | 70.5 | 70.5
Connected Devices | 38.2 | 40.8
Corporate | 8.6 | 7.2
Adjusted operating costs1 | 275.7 | 267.4


Question: In which year was the amount of operating costs under Networks & Security larger?
Answer: 2019
Calculation: 158.4>148.9
NOTE 6- continued
¹⁾ For additional information regarding impairment considerations, please refer to note 8.
Included in the carrying amount for "Vessels and capitalized dry-docking" are capitalized drydocking costs in the amount of USD 60.7m (2018: USD 67.5m, 2017: USD 68.1m).
The sale and leaseback transactions in 2019 were all classified as financing arrangements and did not result in derecognition of the underlying assets as control was retained by the Group.
Table:
USDm | 2019 | 2018 | 2017
Vessels and capitalized dry-docking |  |  | 
Cost: |  |  | 
Balance as of 1 January | 1,886.3 | 1,726.6 | 1,697.4
Additions | 81.3 | 162.7 | 103.1
Disposals | -25.6 | -30.2 | -14.3
Transferred from prepayments | 252.3 | 81.8 | -
Transferred to assets held for sale | -130.1 | -54.6 | -59.6
Balance as of 31 December | 2,064.2 | 1,886.3 | 1,726.6
Depreciation: |  |  | 
Balance as of 1 January | 327.6 | 264.8 | 180.0
Disposals | -25.6 | -30.2 | -14.3
Depreciation for the year | 106.5 | 113.4 | 113.6
Transferred to assets held for sale | -47.9 | -20.4 | -14.5
Balance as of 31 December | 360.6 | 327.6 | 264.8
Impairment: |  |  | 
Balance as of 1 January | 162.1 | 167.3 | 173.6
Impairment losses on tangible fixed assets | 6.0 | 3.2 | 3.6
Reversal of impairment ¹⁾ | -120.0 | - | -
Transferred to assets held for sale | -19.3 | -8.4 | -9.9
Balance as of 31 December | 28.8 | 162.1 | 167.3
Carrying amount as of 31 December | 1,674.8 | 1,396.6 | 1,294.5


Question: What are the sub-elements under Vessels and capitalized dry-docking in the table?
Answer: Cost, Depreciation, Impairment
Profit or loss for the period after taxes
The current result of METRO China was reclassified in the consolidated income statement under the item ‘profit or loss for the period from discontinued operations after taxes’, taking into account necessary consolidation measures. To increase the economic meaningfulness of the earnings statement of the continuing sector, its shares in the consolidation effects were also included in the discontinued section of the earnings statement as far as they were related to business relations that are to be upheld in the long term even after the planned disposal. The previous year’s figures of the income statement were adjusted accordingly.
Profit or loss for the period from discontinued operations after taxes is attributable to the shareholders of METRO AG in the amount of €118 million (2017/18: €87 million). Noncontrolling interests account for €5 million of earnings (2017/18: €1 million).
In connection with the divestment process, expenses in the low 2-digit million euros range have been incurred to date.
As a result, profit or loss for the period from discontinued operations after taxes is made up as follows for METRO China:
Table:
€ million | 2017/2018 | 2018/2019
Sales | 2,680 | 2,901
Expenses | −2,563 | −2,736
Current earnings from discontinued operations before taxes | 117 | 165
Income taxes on gains/losses on the current result | −29 | −43
Current earnings from discontinued operations after taxes | 88 | 122
Gains/losses from the remeasurement or disposal of discontinued operations before taxes | 0 | 0
Gains/losses from the remeasurement or disposal of discontinued operations after taxes | 0 | 0
Profit or loss for the period from discontinued operations after taxes | 88 | 122


Question: What were the components factored in during the calculation of Current earnings from discontinued operations before taxes?
Answer: Sales, Expenses
Item 2. Properties
The Company operates out of several facilities located around the world. Each facility is used for manufacturing its products and for administrative activities. The following table presents the location, size and terms of ownership/occupation:
The Company’s facility located in Mitchel Field, Long Island, New York, is part of the building that the Company constructed in 1981 and expanded in 1988 on land leased from Nassau County. In January 1998, the Company sold this building and the related land lease to Reckson Associates Realty Corp. (“Reckson”), leasing back the space that it presently occupies.
The Company leased its manufacturing and office space from Reckson under an initial 11-year lease followed by two five-year renewal periods which ended in January 2019. On July 25, 2018, the Company signed an amendment to the lease with RA 55 CLB LLC (as successor-in-interest to Reckson) which extended the current lease terms ten years and eight months through September 30, 2029. Pursuant to the amendment to the lease agreement, the Company shall pay a gradually increasing annual rent of $1,046,810 in 2019 to $1,276,056 in 2029. The Company believes the leased space is adequate to meet the Company’s domestic operational needs which encompass the principal operations of the FEI-NY segment and also serves as the Company’s world-wide corporate headquarters.
The Garden Grove, California facility is leased by the Company’s subsidiary, FEI-Zyfer. The facility consists of a combination office and manufacturing space. The Company has signed a second amendment to the lease, which extends the lease an additional 88 months, beginning October 1, 2017 and expiring January 31, 2025. The average annual rent over the period of the amendment is approximately $312,000. The Company believes the leased space is adequate to meet FEI-Zyfer’s operational needs.
The Tianjin, China facility is the location of the Company’s wholly-owned subsidiary, FEI-Asia. The subsidiary’s office and manufacturing facility is located in the Tianjin Free-Trade Zone. The lease was renewable annually with monthly rent of $8,500 through August 2019. As mentioned in Footnote 3, below, FEI-Asia was sold on May 21, 2019 and as a result the lease commitment transferred with the sale.
FEI-Elcom entered into a new lease agreement on February 1, 2018 regarding its Northvale, New Jersey facility. The facility consists of a combination office and manufacturing space. The lease, which expires in January 31, 2021, requires monthly payments of $9,673. The Company believes the leased space is adequate to meet FEI-Elcom’s operational needs.
Table:
Location | Size (sq. ft.) | Own or Lease
Long Island, NY | 93,000 | Lease
Garden Grove, CA | 27,850 | Lease
Tianjin, China | 28,000 | Lease
Northvale, NJ | 9,000 | Lease


Question: When did the company enter into a new lease agreement for its Northvale, New Jersey facility?
Answer: February 1, 2018
ITEM 6. SELECTED FINANCIAL DATA
The data for fiscal 2019, 2018 and 2017 and as of August 31, 2019 and 2018 are derived from the audited Consolidated Financial Statements and related Notes that are included elsewhere in this report. The data for fiscal 2016 and 2015 and as of August 31, 2017, 2016 and 2015 are derived from the audited Consolidated Financial Statements and related Notes that are not included in this report. The selected financial data should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our Consolidated Financial Statements and related Notes included elsewhere in this report.
(1) Effective September 1, 2018, we adopted FASB ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) and eliminated our net revenues presentation and FASB ASU No. 2017-07, Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. Prior period amounts have been revised to conform with the current period presentation.
(2) Includes the impact of a $258 million charge associated with tax law changes recorded during fiscal 2018. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Results of Operations for Fiscal 2018 Compared to Fiscal 2017—Provision for Income Taxes.”
(3) Includes the impact of a $312 million, post-tax, pension settlement charge recorded during fiscal 2017. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Results of Operations for Fiscal 2018 Compared to Fiscal 2017—Pension Settlement Charge.”
(4) Includes the impact of a $745 million, post-tax, gain on sale of businesses recorded during fiscal 2016.
(5) Includes the impact of a $39 million, post-tax, pension settlement charge recorded during fiscal 2015.
Table:
 |  | Fiscal |  |  | 
 | 2019 | 2018 (1) (2) | 2017 (1) (3) | 2016 (1) (4) | 2015 (1) (5)
 |  | (in millions of U.S. dollars) |  |  | 
Income Statement Data |  |  |  |  | 
Revenues | $43,215 | $40,993 | $36,177 | $34,254 | $32,406
Operating income | 6,305 | 5,899 | 5,191 | 4,846 | 4,526
Net income | 4,846 | 4,215 | 3,635 | 4,350 | 3,274
Net income attributable to Accenture plc | 4,779 | 4,060 | 3,445 | 4,112 | 3,054
Earnings Per Class A Ordinary Share |  |  |  |  | 
Basic | $7.49 | $6.46 | $5.56 | $6.58 | $4.87
Diluted | 7.36 | 6.34 | 5.44 | 6.45 | 4.76
Dividends per ordinary share | 2.92 | 2.66 | 2.42 | 2.20 | 2.04


Question: What is the post-tax, gain on sale of businesses recorded during fiscal 2016?
Answer: 745
RSUs/PSUs
RSUs/PSUs are granted to executives and other eligible employees. The value of an RSU/PSU at the grant date is equal to the value of one BCE common share. Dividends in the form of additional RSUs/PSUs are credited to the participant’s account on each dividend payment date and are equivalent in value to the dividend paid on BCE common shares. Executives and other eligible employees are granted a specific number of RSUs/PSUs for a given performance period based on their position and level of contribution. RSUs/PSUs vest fully after three years of continuous employment from the date of grant and, in certain cases, if performance objectives are met, as determined by the board of directors.
The following table summarizes outstanding RSUs/PSUs at December 31, 2019 and 2018.
(1) The weighted average fair value of the RSUs/PSUs granted was $58 in 2019 and $57 in 2018
(2) The RSUs/PSUs vested on December 31, 2019 were fully settled in February 2020 with BCE common shares and/or DSUs.
Table:
NUMBER OF RSUs/PSUs | 2019 | 2018
Outstanding, January 1 | 2,812,697 | 2,740,392
Granted (1) | 975,348 | 1,006,586
Dividends credited | 149,648 | 149,258
Settled | (932,133) | (1,027,321)
Forfeited | (90,442) | (56,218)
Outstanding, December 31 | 2,915,118 | 2,812,697
Vested, December 31 (2) | 904,266 | 880,903


Question: Who are the RSUs/PSUs granted to?
Answer: executives and other eligible employees
The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition.
The amount recorded for developed technology represents the estimated fair value of Trello’s project management and organization technology. The amount recorded for customer relationships represents the fair values of the underlying relationship with Trello customers.
Table:
 | Fair Value | Useful Life
 | (U.S. $ in thousands) | (years)
Developed technology | $50,600 | 3
Customer relationships | 56,900 | 2
Trade names | 19,900 | 3
Total intangible assets subject to amortization | $127,400 | 


Question: What is the difference in fair value between developed technology and customer relationships?
Answer: 6300
Calculation: 56,900-50,600
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
The following table summarizes long-lived assets by geographic area as of December 31, 2019 and December 31, 2018:
Long-lived assets include property and equipment, operating lease right-of-use assets, goodwill and other intangible assets.
Table:
 | December 31, | 
 | 2019 | 2018
United States | $239,511 | $115,869
Asia | 301,020 | 12,274
Europe | 59,925 | 59,936
Total | $600,456 | $188,079


Question: What was the percentage change in total long-lived assets between 2018 and 2019?
Answer: 219.26
Calculation: ($600,456-$188,079)/$188,079
9. Available-for-Sale Debt Investments and Equity Investments
The following table summarizes our available-for-sale debt investments and equity investments (in millions):
(1) We held equity interests in certain private equity funds of $0.6 billion as of July 27, 2019 which are accounted for under the NAV practical expedient following the adoption of ASU 2016-01, Financial Instruments, starting in the first quarter of fiscal 2019.
Table:
 | July 27, 2019 | July 28, 2018
Available-for-sale debt investments | $21,660 | $37,009
Marketable equity securities | 3 | 605
Total investments | 21,663 | 37,614
Non-marketable equity securities included in other assets (1) | 1,113 | 978
Equity method investments included in other assets | 87 | 118
Total | $22,863 | $38,710


Question: What were the total investments in 2019?
Answer: 21,663
The following table disaggregates our revenue by major source for the year ended December 31, 2018:
(1) Subscriber Solutions & Experience was formerly reported as Customer Devices. With the increasing focus on enhancing the customer experience for both our business and consumer broadband customers and the addition of SmartRG during the fourth quarter of 2018, Subscriber Solutions & Experience more accurately represents this revenue category.
Table:
(In thousands) | Network Solutions | Services & Support | Total
Access & Aggregation | $301,801 | $57,069 | $358,870
Subscriber Solutions & Experience (1) | 129,067 | 5,393 | 134,460
Traditional & Other Products | 27,364 | 8,583 | 35,947
Total | $458,232 | $71,045 | $529,277


Question: What was the revenue from Access & Aggregation for Network Solutions?
Answer: $301,801
Interest expense and financing costs
Fees and discounts associated with the issuance of our debt instruments are recorded as debt discount, which reduces their respective carrying values, and are amortized over their respective terms. Amortization expense is recorded within “Interest and other expense (income), net” in our consolidated statement of operations.
For the years ended December 31, 2019, 2018, and 2017: interest expense was $86 million, $134 million, and $150 million, respectively; amortization of the debt discount and deferred financing costs was $4 million, $6 million, and $12 million, respectively.
A summary of our outstanding debt is as follows (amounts in millions):
With the exception of the 2026 and the 2047 Notes, using Level 2 inputs (i.e., observable market prices in less-than-active markets) at December 31, 2019, the carrying values of the Notes approximated their fair values, as the interest rates were similar to the current rates at which we could borrow funds over the selected interest periods. At December 31, 2019, based on Level 2 inputs, the fair value of the 2026 and the 2047 Notes were $893 million and $456 million, respectively.
Using Level 2 inputs at December 31, 2018, the carrying values of the 2021 Notes and the 2022 Notes approximated their fair values, as the interest rates were similar to the current rates at which we could borrow funds over the selected interest periods. At December 31, 2019, based on Level 2 inputs, the fair values of the 2026 Notes, the 2027 Notes, and the 2047 Notes were $800 million, $376 million, and $360 million, respectively.
Table:
 |  | At December 31, 2019 | 
 | Gross Carrying Amount | Unamortized Discount and Deferred Financing Costs | Net Carrying Amount
2021 Notes | $650 | $(2) | $648
2022 Notes | 400 | (2) | 398
2026 Notes | 850 | (7) | 843
2027 Notes | 400 | (5) | 395
2047 Notes | 400 | (9) | 391
Total long-term debt | $2,700 | $(25) | $2,675
 |  | At December 31, 2018 | 
 | Gross Carrying Amount | Unamortized Discount and Deferred Financing Costs | Net Carrying Amount
2021 Notes | 650 | (3) | 647
2022 Notes | 400 | (3) | 397
2026 Notes | 850 | (8) | 842
2027 Notes | 400 | (5) | 395
2047 Notes | 400 | (10) | 390
Total long-term debt | $2,700 | $(29) | $2,671


Question: What was the change in the gross carrying amount between the 2021 and 2022 Notes in 2019?
Answer: -250
Calculation: 400-650
Foreign currency translation risk
Our reporting currency is the U.S. dollar. Fluctuations in foreign currencies impact the amount of total assets and liabilities that we report for our foreign subsidiaries upon the translation of these amounts into U.S. dollars. In particular, the amount of cash and cash equivalents that we report in U.S. dollars for a significant portion of the cash held by these subsidiaries is subject to translation variance caused by changes in foreign currency exchange rates as of the end of each respective reporting period (the offset to which is recorded to accumulated other comprehensive income on our Consolidated Balance Sheets).
The following table shows our cash and cash equivalents denominated in certain major foreign currencies as of June 30, 2019 (equivalent in U.S. dollar):
If overall foreign currency exchange rates in comparison to the U.S. dollar uniformly weakened by 10%, the amount of cash and cash equivalents we would report in equivalent U.S. dollars would decrease by approximately $32.9 million (June 30, 2018—$34.6 million), assuming we have not entered into any derivatives discussed above under "Foreign Currency Transaction Risk".
Table:
(In thousands) | U.S. Dollar Equivalent at June 30, 2019 | U.S. Dollar Equivalent at June 30, 2018
Euro | $120,417 | $120,346
British Pound | 33,703 | 31,211
Canadian Dollar | 12,635 | 24,590
Swiss Franc | 56,776 | 52,652
Other foreign currencies | 105,273 | 117,459
Total cash and cash equivalents denominated in foreign currencies | 328,804 | 346,258
U.S. dollar | 612,205 | 336,684
Total cash and cash equivalents | $941,009 | $682,942


Question: What is the average annual fiscal year Total cash and cash equivalents?
Answer: 811975.5
Calculation: (941,009+682,942)/2
Indefinite-lived Intangible Assets
Indefinite-lived intangible assets consist entirely of acquired in-process research and development technology, or IPR&D. The following table sets forth the Company’s activities related to the indefinite-lived intangible assets:
The Company performs its annual assessment of indefinite-lived intangible assets on October 31 each year or more frequently if events or changes in circumstances indicate that the asset might be impaired utilizing a qualitative test as a precursor to the quantitative test comparing the fair value of the assets with their carrying amount. Based on the qualitative test, if it is more likely than not that indicators of impairment exists, the Company proceeds to perform a quantitative analysis. Based on the Company’s assessment as of October 31, 2019, no indicators of impairment were identified.
In the years ended December 31, 2019 and 2018, no IPR&D impairment losses were recorded. In the year ended December 31, 2017, the Company recognized impairment losses of $2.0 million related to the Company's abandonment of a single IPR&D project.
Table:
Years Ended December 31, |  | 
 | 2019 | 2018
(in thousands) |  | 
Beginning balance | $4,400 | $4,400
Transfers to developed technology from IPR&D | (4,400) | —
Ending balance | $— | $4,400


Question: What is the average ending balance for 2018 and 2019?
Answer: 2200
Calculation: (0 + 4,400) / 2
4. SEGMENT INFORMATION
During the 2019 and 2018 financial years, the Group operated wholly within one business segment being the operation and management of storage centres in Australia and New Zealand.
The Managing Director is the Group’s chief operating decision maker and monitors the operating results on a portfolio wide basis. Monthly management reports are evaluated based upon the overall performance of NSR consistent with the presentation within the consolidated financial statements. The Group’s financing (including finance costs and finance income) are managed on a Group basis and not allocated to operating segments.
The operating results presented in the statement of profit or loss represent the same segment information as reported in internal management information.
The revenue information above excludes interest income and is based on the location of storage centres.
Table:
 | 2019 | 2018
 | $'000 | $'000
Revenue from external customers |  | 
Australia | 144,621 | 129,431
New Zealand | 13,036 | 8,912
Total | 157,657 | 138,343


Question: What is the average revenue from New Zealand for 2018 and 2019?
Answer: 10974
Calculation: (13,036 + 8,912) / 2