hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Performance-Based Restricted Stock Units
Performance-based restricted stock units are eligible to vest at the end of each fiscal year in a three-year performance period based on the Company’s annual growth rate in net sales and non-GAAP diluted earnings per share (subject to certain adjustments) over a multiple of four times the related results for the fourth quarter of 2018 relative to the growth rates for a peer group of companies for the same metrics and periods.
For the performance-based restricted stock units granted in 2019, 60% of each performance-based award is subject to the net sales metric for the performance period and 40% is subject to the non-GAAP diluted earnings per share metric for the performance period. The maximum percentage for a particular metric is2 50% of the target number of units subject to the award related to that metric, however, vesting of the performance stock units is capped at 30% and 100%, respectively, of the target number of units subject to the award in years one and two, respectively, of the three-year performance period.
As of December 31, 2019, the Company believes that it is probable that the Company will achieve performance metrics specified in the award agreement based on its expected revenue and non-GAAP diluted EPS results over the performance period and calculated growth rates relative to its peers’ expected results based on data available, as defined in the award agreement.
A summary of the Company’s performance-based restricted stock unit activity is as follows:
(1) Number of shares granted is based on the maximum percentage achievable in the performance-based restricted stock unit award.
Table:
 | Number of Shares | Weighted-Average Grant-Date
 | (in thousands) | Fair Value per Share
Outstanding at December 31, 2018 | — | $—
Granted(1) | 445 | 22.21
Outstanding at December 31, 2019 | 445 | 22.21


Question: What percentage of outstanding in 2019 was granted shares?
Answer: 100
Calculation: 445 / 445
Operating Income and Operating Margin
Operating income for fiscal 2019 increased $406 million, or 7%, over fiscal 2018.
Operating income and operating margin for each of the operating groups were as follows:
Amounts in table may not total due to rounding.
(1) Effective September 1, 2018, we adopted FASB ASU No. 2017-07, Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. Certain components of pension service costs were reclassified from Operating expenses to Non-operating expenses. Prior period amounts have been revised to conform with the current period presentation.
Table:
 |  | Fiscal |  |  | 
 | 2019 |  | 2018 (1) |  | 
 | Operating Income | Operating Margin | Operating Income | Operating Margin | Increase (Decrease)
 |  |  | (in millions of U.S. dollars) |  | 
Communications, Media & Technology | $1,555 | 18% | $1,380 | 17% | $175
Financial Services | 1,238 | 15 | 1,365 | 16 | (128)
Health & Public Service | 739 | 10 | 766 | 11 | (27)
Products | 1,720 | 14 | 1,664 | 15 | 56
Resources | 1,053 | 16 | 724 | 12 | 330
TOTAL | $6,305 | 14.6% | $5,899 | 14.4% | $406


Question: What is the company's main source of operating income in 2019?
Answer: Products
Calculation: $1,720 is the highest operating income gained from any operating group in 2019
In November 2017, GMSL acquired the trenching and cable laying services business from Fugro N.V. ("Fugro"). As part of the transaction, Fugro became a 23.6% holder of GMSL's parent, Global Marine Holdings, LLC ("GMH"). GMSL, in the normal course of business, incurred revenue and expenses with Fugro for various services.
For the years ended December 31, 2019 and 2018, GMSL recognized $11.3 million and $9.3 million respectively, of expenses for transactions with Fugro. For the year ended December 31, 2019 GMSL recognized $0.8 million of revenues. The parent company of GMSL, GMH, incurred management fees of $0.6 million for each of the years ended December 31, 2019 and 2018.
GMSL also has transactions with several of their equity method investees. A summary of transactions with such equity method investees and balances outstanding are as follows (in millions):
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Net revenue | $ 6.4 | $ 21.8
Operating expenses | $ 1.0 | $ 4.8
Interest expense | $ 1.0 | $ 1.3
 | December 31, | 
 | 2019 | 2018
Accounts receivable | $ 1.2 | $ 5.0
Long-term obligations | $ 22.5 | $ 28.5
Accounts payable | $ 0.1 | $ 2.2
Dividends | $ 4.5 | $ 25.8


Question: What is the average interest expense?
Answer: 1.15
Calculation: (1.0 + 1.3) / 2
equity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31 , 2018 . equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 399165 $ 0.00 3995600 equity compensation plans not approved by security holders ( 2 ) 2014 2014 2014 .

Table:
plan category | number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b ) | weighted-average exercise price of outstanding optionswarrants and rights | number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c )
equity compensation plans approved by security holders | 399165 | $ 0.00 | 3995600
equity compensation plans not approved by security holders ( 2 ) | 2014 | 2014 | 2014
total | 399165 | $ 0.00 | 3995600
( 1 ) includes grants made under the huntington ingalls industries , inc .
2012 long-term incentive stock plan ( the "2012 plan" ) , which was approved by our stockholders on may 2 , 2012 , and the huntington ingalls industries , inc .
2011 long-term incentive stock plan ( the "2011 plan" ) , which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation .
of these shares , 27123 were stock rights granted under the 2011 plan .
in addition , this number includes 31697 stock rights , 5051 restricted stock rights , and 335293 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement .
( 2 ) there are no awards made under plans not approved by security holders .
item 13 .
certain relationships and related transactions , and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2019 annual meeting of stockholders , to be filed within 120 days after the end of the company 2019s fiscal year .
item 14 .
principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2019 annual meeting of stockholders , to be filed within 120 days after the end of the company 2019s fiscal year. .

Question: what portion of the equity compensation plan approved by security holders is to be issued upon the exercise of the outstanding options warrants and rights?
Answer: 9.1%
Calculation: add(399165, 3995600), divide(399165, #0)
AMERICAN TOWER CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Tabular amounts in millions, unless otherwise disclosed)
2. PREPAID AND OTHER CURRENT ASSETS
Prepaid and other current assets consisted of the following:
The reduction in Prepaid operating ground leases is a result of the reclassification of assets to the Right-of-use asset in connection with the Company’s adoption of the new lease accounting standard.
Table:
 | As of December 31, 2019 | As of December 31, 2018
Unbilled receivables | $142.3 | $126.1
Prepaid income tax | 185.8 | 125.1
Value added tax and other consumption tax receivables | 71.3 | 86.3
Prepaid assets | 56.8 | 40.5
Prepaid operating ground leases | — | 165.0
Other miscellaneous current assets | 57.4 | 78.2
Prepaid and other current assets | $513.6 | $621.2


Question: What were the unbilled receivables in 2019?
Answer: $142.3
Summary of Consolidated Cash Flows
The below table summarizes the cash provided or used in our activities and the amount of the respective changes between the periods (in millions):
Operating Activities Cash provided by operating activities was $110.5 million for the year ended December 31, 2019 as compared to cash provided by operating activities of $341.4 million for the year ended December 31, 2018. The $230.9 million decrease was the result of the recapture of reinsurance treaties by our Insurance segment in 2018 and was offset in part by improved performance of the Insurance segment subsequent to the KIC acquisition, significant reduction of losses at the Broadcasting segment driven by the cost cutting measures, and an increase in the working capital at our Telecommunications segments.
Investing Activities Cash used in investing activities was $263.7 million for the year ended December 31, 2019 as compared to cash used in investing activities of $224.6 million for the year ended December 31, 2018. The $39.1 million increase in cash used was a result of (i) an increase in net cash spent at our Insurance segment driven by purchases of investments from the residual cash received from the KIC acquisition and reinsurance recaptures in 2018, (ii) a decrease in cash proceeds received at our Life Sciences segment, from the 2018 upfront payment and 2019 escrow release related to the sale of BeneVir in the prior period, and (iii) an increase in cash used at our Energy segment to acquire ampCNG stations in 2019. These decreases were largely offset by a reduction in cash used by our Construction segment, driven by the acquisition of GrayWolf in 2018, and a reduction in cash used by our Broadcasting segment as less cash was used on its acquisitions in the current year compared to 2018.
This was largely offset by a reduction in net cash used by the Insurance segment's purchases of investments, as in the prior period the Insurance segment purchased investments from the cash received from the acquisition of KIC.
Financing Activities Cash provided by financing activities was $62.4 million for the year ended December 31, 2019 as compared to $115.2 million for the year ended December 31, 2018. The $52.8 million decrease was a result of a decrease in net borrowings by the Construction and Broadcasting segments, and offset in part by the increase in net borrowings by the Energy segment and Corporate segment, and a decline in cash paid to noncontrolling interest holders driven by the proceeds from our Life Sciences segment's sale of BeneVir in 2018.
Table:
Years Ended December 31, |  |  | 
 | 2019 | 2018 | Increase / (Decrease)
Operating activities | $110.5 | $341.4 | $(230.9)
Investing activities | (263.7) | (224.6) | (39.1)
Financing activities | 62.4 | 115.2 | (52.8)
Effect of exchange rate changes on cash and cash equivalents | 1.0 | (0.5) | 1.5
Net decrease in cash,cash equivalents and restricted cash | $(89.8) | $231.5 | $(321.3)


Question: What is the cash provided by operating activities in 2019?
Answer: $110.5 million
13. Income Taxes
On December 22, 2017, the legislation commonly known as the Tax Cuts and Jobs Act (the “TCJA” or the “Act”) was enacted into law. The Act made comprehensive changes to the U.S. tax code, including, but not limited to: (1) reducing the U.S. federal corporate tax rate from 35% to 21%; (2) changing rules related to uses and limitations of net operating loss carry-forwards created in tax years beginning after December 31, 2017 as well as the repeal of the current carryback provisions for net operating losses arising in tax years ending after December 31, 2017; (3) immediate full expensing of certain qualified property; (4) creating a new limitation on deductible interest expense; (5) eliminating the corporate alternative minimum tax; (6) repeal of the deduction for income attributable to domestic production activities; and (7) changes in the manner in which international operations are taxed in the U.S. including a mandatory one- time transition tax on the accumulated untaxed earnings of foreign subsidiaries of U.S. shareholders.
In response to the TCJA, the U.S. Securities and Exchange Commission (“SEC”) staff issued Staff Accounting Bulletin No. 118 (“SAB 118”), which provides guidance on accounting for the tax effects of TCJA. The purpose of SAB 118 was to address any uncertainty or diversity of view in applying ASC Topic 740, Income Taxes in the reporting period in which the TCJA was enacted. SAB 118 addresses situations where the accounting is incomplete for certain income tax effects of the TJCA upon issuance of a company’s financial statements for the reporting period which include the enactment date. SAB 118 allows for a provisional amount to be recorded if it is a reasonable estimate of the impact of the TCJA. Additionally, SAB 118 allows for a measurement period to finalize the impacts of the TCJA, not to extend beyond one year from the date of enactment. For the year ended April 30, 2018, the Company recorded a provisional decrease in its deferred tax assets and liabilities for the reduction in the federal tax rate with a corresponding adjustment to the valuation allowance. During the year ended April 30, 2019, the Company completed the accounting for the tax effects of the TCJA with no material changes to the provisional estimate recorded in prior periods.
The TCJA also established the Global Intangible Low-Taxed Income (“GILTI”) provisions that impose a tax on foreign income in excess of a deemed return on tangible assets on foreign corporations. The Company does not anticipate being subject to GILTI due to the sale of Gillam in Fiscal 2018 and the treatment of FEI-Asia as a disregarded entity for U.S. tax purposes.
The provision for income taxes consisted of the following (in thousands):
Table:
 | 2019 | 2018
Current: |  | 
Federal | $8 | $ (869)
Foreign | 196 | -
State | 99 | (124)
Current provision | 303 | (993)
Deferred: |  | 
Federal | - | 10,702
Foreign | (247 ) | 267
State | - | 1,200
Deferred (benefit) tax | (247 ) | 12,169
Total provision | $56 | $11,176


Question: When was the Tax Cuts and Jobs Act enacted into law?
Answer: December 22, 2017
NOTE 23. EXPENSES BY NATURE
Research and development consists of the following:
The impairment expenses in 2018 and 2019 are related to customer specific projects.
The Company’s operations in the Netherlands, Belgium and the United States receive research and development grants and credits from various sources.
Table:
 | Year ended December 31, | 
 | 2018 | 2019
Research and development expenses | 125,280 | 150,745
Capitalization of development expenses | (49,688) | (60,202)
Amortization of capitalized development expenses | 12,039 | 15,597
Research and development grants and credits | (321) | (49)
Total research and development expenses | 87,310 | 106,091
Impairment of research and development related assets | 1,278 | 4,755
Total | 88,588 | 110,846


Question: Which countries that the company operates in receive research and development grants and credits?
Answer: Netherlands, Belgium, the United States
stock performance graph : the graph below shows the cumulative total shareholder return assuming the investment of $ 100 , on december 31 , 2012 , and the reinvestment of dividends thereafter , if any , in the company 2019s common stock versus the standard and poor 2019s s&p 500 retail index ( 201cs&p 500 retail index 201d ) and the standard and poor 2019s s&p 500 index ( 201cs&p 500 201d ) . .

Table:
company/index | december 31 , 2012 | december 31 , 2013 | december 31 , 2014 | december 31 , 2015 | december 31 , 2016 | december 31 , 2017
o 2019reilly automotive inc . | $ 100 | $ 144 | $ 215 | $ 283 | $ 311 | $ 269
s&p 500 retail index | 100 | 144 | 158 | 197 | 206 | 265
s&p 500 | $ 100 | $ 130 | $ 144 | $ 143 | $ 157 | $ 187
.

Question: what is the roi of an investment in s&p500 from 2014 to 2016?
Answer: 9.0%
Calculation: subtract(157, 144), divide(#0, 144)
5. Goodwill and Purchased Intangible Assets
(b) Purchased Intangible Assets
The following tables present details of our purchased intangible assets (in millions):
Purchased intangible assets include intangible assets acquired through acquisitions as well as through direct purchases or licenses.
Impairment charges related to purchased intangible assets were approximately $47 million for fiscal 2017. Impairment charges were as a result of declines in estimated fair value resulting from the reduction or elimination of expected future cash flows associated with certain of our technology and IPR&D intangible assets.
Table:
July 27, 2019 | Gross | Accumulated Amortization | Net
Purchased intangible assets with finite lives: |  |  | 
Technology  . | $3,270 | $(1,933) | $1,337
Customer relationships . | 840 | (331) | 509
Other | 41 | (22) | 19
Total purchased intangible assets with finite lives | 4,151 | (2,286) | 1,865
In-process research and development, with indefinite lives . | 336 | — | 336
Total . | $4,487 | $(2,286) | $2,201


Question: What was the difference in the net values between Technology and Customer relationships?
Answer: 828
Calculation: 1,337-509
Item 6. Selected Financial Data
You should read the following selected consolidated financial data in conjunction with Part II, Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations," and our consolidated financial statements and the related notes included in Part II, Item 8, "Financial Statements and Supplementary Data" of this Annual Report on Form 10-K.
The consolidated statements of income data for each of the years ended December 31, 2019, 2018, and 2017 and the consolidated balance sheets data as of December 31, 2019 and 2018 are derived from our audited consolidated financial statements included in Part II, Item 8, "Financial Statements and Supplementary Data" of this Annual Report on Form 10-K. The consolidated statements of income data for the years ended December 31, 2016 and 2015 and the consolidated balance sheets data as of December 31, 2017, 2016, and 2015 are derived from our audited consolidated financial statements, except as otherwise noted, that are not included in this Annual Report on Form 10-K. Our historical results are not necessarily indicative of our results in any future period.
(1) Total costs and expenses include 4,840 million, 4,150 million, 3,720 million, 3,220 million, and 2,970 million of share-based compensation for the years ended December 31, 2019, 2018, 2017, 2016, and 2015, respectively.
Table:
 |  |  | Year Ended December 31, |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
 |  |  | (in millions, except per share data) |  | 
Consolidated Statements of Income Data: |  |  |  |  | 
Revenue | $70,697 | $55,838 | $40,653 | $27,638 | $17,928
Total costs and expenses(1) | $46,711 | $30,925 | $20,450 | $15,211 | $11,703
Income from operations | $23,986 | $24,913 | $20,203 | $12,427 | $6,225
Income before provision for income taxes | $24,812 | $25,361 | $20,594 | $12,518 | $6,194
Net income | $18,485 | $22,112 | $15,934 | $10,217 | $3,688
Net income attributable to Class A and Class B common stockholders | $18,485 | $22,111 | $15,920 | $10,188 | $3,669
Earnings per share attributable to Class A and Class B common stockholders: |  |  |  |  | 
Basic | $6.48 | $7.65 | $5.49 | $3.56 | $1.31
Diluted | $6.43 | $7.57 | $5.39 | $3.49 | $1.29


Question: What is the change in revenue between 2018 and 2019?
Answer: 14859
Calculation: 70,697-55,838
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, 2019?
Answer: $392
VMware and Pivotal Employee Stock Purchase Plans
In June 2007, VMware adopted its 2007 Employee Stock Purchase Plan (the “ESPP”), which is intended to be qualified under Section 423 of the Internal Revenue Code. On June 25, 2019, VMware amended its ESPP to increase the number of shares available for issuance by 9.0 million shares of Class A common stock. As of January 31, 2020, the number of authorized shares under the ESPP was a total of 32.3 million shares. Under the ESPP, eligible VMware employees are granted options to purchase shares at the lower of 85% of the fair market value of the stock at the time of grant or 85% of the fair market value at the time of exercise. The option period is generally twelve months and includes two embedded six-month option periods. Options are exercised at the end of each embedded option period. If the fair market value of the stock is lower on the first day of the second embedded option period than it was at the time of grant, then the twelve-month option period expires and each enrolled participant is granted a new twelve-month option. As of January 31, 2020, 14.3 million shares of VMware Class A common stock were available for issuance under the ESPP.
The following table summarizes ESPP activity for VMware during the periods presented (cash proceeds in millions, shares in thousands):
As of January 31, 2020, $95 million of ESPP withholdings were recorded as a liability in accrued expenses and other on the consolidated balance sheets for the purchase that occurred on February 29, 2020.
Prior to the acquisition of Pivotal, Pivotal granted options to eligible Pivotal employees to purchase shares of its Class A common stock at the lower of 85% of the fair market value of the stock at the time of grant or 85% of the fair market value of the Pivotal stock at the time of exercise. Pivotal’s ESPP activity was not material during the periods presented.
Table:
 |  | For the Year Ended | 
 | January 31, 2020 | February 1, 2019 | February 2, 2018
Cash proceeds | $172 | $161 | $65
Class A common stock purchased | 1,489 | 1,895 | 903
Weighted-average price per share | $115.51 | $84.95 | $72.40


Question: What were the Cash proceeds in 2020?
Answer: 172