hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
A.9.1 Results of operations
Statement of Income of Siemens AG in accordance with German Commercial Code (condensed)
Beginning of August 2018, Siemens AG carved out its mobility business to Siemens Mobility GmbH by way of singular succession. The decreases in revenue, cost of sales, gross profit and research and development (R & D) expenses were mainly driven by this carve-out.
On a geographical basis, 75 % of revenue was generated in the Europe, C. I. S., Africa, Middle East region, 18 % in the Asia, Australia region and 7 % in the Americas region. Exports from Germany accounted for 62 % of overall revenue. In fiscal 2019, orders for Siemens AG amounted to € 21.6 billion. Within Siemens AG, the development of revenue depends strongly on the completion of contracts, primarily in connection with large orders.
The R & D intensity (R & D as a percentage of revenue) increased by 0.8 percentage points year-over-year. The research and development activities of Siemens AG are fundamentally the same as for its fields of business activities within the Siemens Group, respectively. On an average basis, we employed 9,000 people in R & D in fiscal 2019.
The decrease in Financial income, net was primarily attributable to lower income from investments, net. The main factor for this decrease was a significant income from the profit transfer agreement with Siemens Beteiligungen Inland GmbH, Germany, in
fiscal 2018.
Table:
 |  | Fiscal year | 
(in millions of €) | 2019 | 2018 | % Change
Revenue | 22,104 | 28,185 | (22) %
Cost of Sales | (15,825) | (21,074) | 25 %
Gross profit | 6,279 | 7,111 | (12) %
as percentage of revenue | 28 % | 25 % | 
Research and development expenses | (2,362) | (2,788) | 15 %
Selling and general administrative expenses | (3,979) | (3,767) | (6) %
Other operating income (expenses), net | 9,469 | 1 | n / a
Financial income, net thereof Income from investments, net 3,754 (prior year 5,381) | 3,188 | 4,643 | (31) %
Income from business activity | 12,596 | 5,199 | 142 %
Income taxes | (1,377) | (653) | (111) %
Net income | 11,219 | 4,547 | 147 %
Profit carried forward | 170 | 134 | 27 %
Allocation to other retained earnings | (6,005) | (1,451) | > (200) %
Unappropriated net income | 5,384 | 3,230 | 67 %


Question: What caused the decrease in revenue, cost of sales, gross profit and research and development (R&D) expenses?
Answer: The decreases in revenue, cost of sales, gross profit and research and development (R & D) expenses were mainly driven by this carve-out.
A.3.10 Reconciliation to Consolidated Financial Statements
The negative swing in Corporate items was mainly due to large positive effects in fiscal 2018 – the gain of € 900 million resulting from the transfer of Siemens’ shares in Atos SE to Siemens Pension- Trust e. V. and the gain of € 655 million from the sale of OSRAM Licht AG shares. These effects substantially outweighed a positive result in fiscal 2019 from the measurement of a major asset retirement obligation, which was previously reported in Centrally managed portfolio activities. Severance charges within Corporate items were € 99 million (€ 159 million in fiscal 2018).
Table:
 |  | Fiscal year
(in millions of €) | 2019 | 2018
Real Estate Services | 145 | 140
Corporate items | (562) | 631
Centrally carried pension expense | (264) | (423)
Amortization of intangible assets acquired in business combinations | (1,133) | (1,164)
Eliminations, Corporate Treasury and other reconciling items | (215) | (318)
Reconciliation to Consolidated financial Statements | (2,028) | (1,135)


Question: What caused the negative swing in corporate items?
Answer: The negative swing in Corporate items was mainly due to large positive effects in fiscal 2018 – the gain of € 900 million resulting from the transfer of Siemens’ shares in Atos SE to Siemens Pension- Trust e. V. and the gain of € 655 million from the sale of OSRAM Licht AG shares.
(b) Purchase Commitments with Contract Manufacturers and Suppliers
We purchase components from a variety of suppliers and use several contract manufacturers to provide manufacturing services for our products. During the normal course of business, in order to manage manufacturing lead times and help ensure adequate component supply, we enter into agreements with contract manufacturers and suppliers that either allow them to procure inventory based upon criteria as defined by us or establish the parameters defining our requirements. A significant portion of our reported purchase commitments arising from these agreements consists of firm, noncancelable, and unconditional commitments. Certain of these purchase commitments with contract manufacturers and suppliers relate to arrangements to secure long-term pricing for certain product components for multi-year periods. In certain instances, these agreements allow us the option to cancel, reschedule, and adjust our requirements based on our business needs prior to firm orders being placed.
The following table summarizes our purchase commitments with contract manufacturers and suppliers (in millions):
We record a liability for firm, noncancelable, and unconditional purchase commitments for quantities in excess of our future demand forecasts consistent with the valuation of our excess and obsolete inventory. As of July 27, 2019 and July 28, 2018, the liability for these purchase commitments was $129 million and $159 million, respectively, and was included in other current liabilities.
Table:
Commitments by Period | July 27, 2019 | July 28, 2018
Less than 1 year | $4,239 | $5,407
1 to 3 years | 728 | 710
3 to 5 years | — | 360
Total | $4,967 | $6,477


Question: How many years did total purchase commitments exceed $5,000 million?
Answer: 1
Calculation: 2018
vornado realty trust notes to consolidated financial statements ( continued ) 20 . leases as lessor : we lease space to tenants under operating leases . most of the leases provide for the payment of fixed base rentals payable monthly in advance . office building leases generally require the tenants to reimburse us for operating costs and real estate taxes above their base year costs . shopping center leases provide for pass-through to tenants the tenant 2019s share of real estate taxes , insurance and maintenance . shopping center leases also provide for the payment by the lessee of additional rent based on a percentage of the tenants 2019 sales . as of december 31 , 2012 , future base rental revenue under non-cancelable operating leases , excluding rents for leases with an original term of less than one year and rents resulting from the exercise of renewal options , are as follows : ( amounts in thousands ) year ending december 31: .

Table:
2013 | $ 1842355
2014 | 1738439
2015 | 1578559
2016 | 1400020
2017 | 1249904
thereafter | 6134903
these amounts do not include percentage rentals based on tenants 2019 sales .
these percentage rents approximated $ 8466000 , $ 7995000 and $ 7339000 , for the years ended december 31 , 2012 , 2011 and 2010 , respectively .
none of our tenants accounted for more than 10% ( 10 % ) of total revenues in any of the years ended december 31 , 2012 , 2011 and 2010 .
former bradlees locations pursuant to a master agreement and guaranty , dated may 1 , 1992 , we were due $ 5000000 of annual rent from stop & shop which was allocated to certain bradlees former locations .
on december 31 , 2002 , prior to the expiration of the leases to which the additional rent was allocated , we reallocated this rent to other former bradlees leases also guaranteed by stop & shop .
stop & shop contested our right to reallocate the rent .
on november 7 , 2011 , the court determined that we had a continuing right to allocate the annual rent to unexpired leases covered by the master agreement and guaranty and directed entry of a judgment in our favor ordering stop & shop to pay us the unpaid annual rent .
at december 31 , 2012 , we had a $ 47900000 receivable from stop and shop , which is included as a component of 201ctenant and other receivables 201d on our consolidated balance sheet .
on february 6 , 2013 , we received $ 124000000 pursuant to a settlement agreement with stop & shop ( see note 22 2013 commitments and contingencies 2013 litigation ) . .

Question: for future base rental revenue under non-cancelable operating leases , excluding rents for leases with an original term of less than one year and rents resulting from the exercise of renewal options , in thousands , what was the change between 2016 and 2017?
Answer: 150116
Calculation: subtract(1400020, 1249904)
19 Trade and other payables
Contract liabilities relate to advance payments received from customers which have not yet been recognised as revenue. £8.3m of the contract liabilities at 31st December 2018 was recognised as revenue during 2019 (2018: £3.0m).
Table:
 | 2019 | 2018
 | £m | £m
Trade payables | 57.9 | 57.4
Contract liabilities | 8.7 | 8.9
Social security | 5.6 | 5.1
Other payables | 37.8 | 37.6
Accruals | 64.8 | 58.0
Total trade and other payables | 174.8 | 167.0


Question: How much of contract liabilities at 31st December 2018 was recognised as revenue during 2019?
Answer: £8.3m
Under Article 35 of our Articles of Association, our financial year extends from January 1 to December 31, which is the period end of each fiscal year. In 2019, the first quarter ended on March 30, the second quarter ended on June 29, the third quarter ended on September 28 and the fourth quarter ended on December 31.
In 2020, the first quarter will end on March 28, the second quarter will end on June 27, the third quarter will end on September 26 and the fourth quarter will end on December 31.
Based on our fiscal calendar, the distribution of our revenues and expenses by quarter may be unbalanced due to a different number of days in the various quarters of the fiscal year and can also differ from equivalent prior years’ periods, as illustrated in the below table for the years 2018, 2019 and 2020.
Table:
 | Q1 | Q2 | Q3 | Q4
 | Days | Days | Days | Days
2018 | 90 | 91 | 91 | 93
2019 | 89 | 91 | 91 | 94
2020 | 88 | 91 | 91 | 96


Question: What is the increase/ (decrease) in Q1 days from 2018 to 2020?
Answer: -2
Calculation: 88-90
NOTE 11 – OTHER RECEIVABLES
No significant other receivables are past due or credit impaired.
The carrying amount is a reasonable approximation of fair value due to the short-term nature of the receivables. Please refer to note 21 for further information on fair value hierarchies.
Table:
USDm | 2019 | 2018
Partners and commercial managements | 1.9 | -
Derivative financial instruments | 0.5 | 3.7
Tax receivables | 1.5 | 1.2
Other | 2.3 | 2.6
Balance as of 31 December | 6.2 | 7.5


Question: Why is the carrying amount a reasonable approximation of fair value?
Answer: due to the short-term nature of the receivables
Equity Compensation Plan Information
The following table summarizes share and exercise price information for our equity compensation plans as of December 31, 2019.
(1) Includes 105,000 shares of our common stock issuable upon exercise of outstanding stock options and 340,000 shares issuable upon vesting of outstanding restricted stock units.
(2) Represents an individual option grant to our Chairman and Chief Executive Officer outside of, and prior to the establishment of, the 2013 Stock Incentive Plan in October 2013 referred to in the above table. The option agreement pertaining to such option grant contain customary anti-dilution provisions.
(3) Does not take into account outstanding restricted stock units as these awards have no exercise price.
Our 2013 Stock Incentive Plan (“2013 Plan”) provides for the grant of any or all of the following types of awards: (a) stock options, (b) restricted stock, (c) deferred stock, (d) stock appreciation rights, and (e) other stock-based awards including restricted stock units. Awards under the 2013 Plan may be granted singly, in combination, or in tandem. Subject to standard anti-dilution adjustments as provided in the 2013 Plan, the 2013 Plan provides for an aggregate of 2,600,000 shares of our common stock to be available for distribution pursuant to the 2013 Plan. The Compensation Committee (or the Board of Directors) will generally have the authority to administer the 2013 Plan, determine participants who will be granted awards under the 2013 Plan, the size and types of awards, the terms and conditions of awards and the form and content of the award agreements representing awards. Awards under the 2013 Plan may be granted to our employees, directors and consultants. As of December 31, 2019, there were options to purchase an aggregate of 605,000 shares of common stock outstanding and 340,000 shares issuable upon vesting of outstanding restricted stock units granted under the 2013 Plan, and a balance of 1,780,505 shares of common stock are reserved for issuance under the 2013 Plan.
Table:
 | Number of securities to be issued upon exercise of outstanding options and rights | Weighted-average exercise price of outstanding options 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 | 445,000(1) | $2.34(3) | 1,780,505
Equity compensation plans not approved by security holders | 500,000(2) | $1.19 | —
Total | 945,000 | $1.39(3) | 1,780,505


Question: What % of equity compensation plans that are approved are shares of common stock issuable upon exercise of outstanding stock options?
Answer: 23.6
Calculation: 105,000/445,000
Profitability Measures
Net Income:
Our net income in the fiscal year ended February 28, 2019 was $18.4 million as compared to net income of $16.6 million in the same period last year. The increase is due to a $11.7 million increase in operating income, $3.0 million increase in investment income and $12.0 million decrease in income tax provision. The increase in operating income was primarily attributable to $21.0 million decrease in general and administrative expense due to reduced legal provision and related costs as further discussed in Note 19 and partially offset by $8.0 million of restructuring expense.
Adjusted EBITDA for Telematics Systems in the fiscal year ended February 28, 2019 decreased $8.1 million compared to the same period last year due to lower revenues as described above and the impact of high margin revenue earned on a strategic technology partnership arrangement in fiscal 2018. These factors were coupled with higher operating expenses in Telematics Systems as a result of increased headcount and outsourced professional service fees. Adjusted EBITDA for Software and Subscription Services increased $4.9 million compared to the same period last year due primarily to continued growth in revenues and gross profit from our Italia market and higher gross profit from our fleet management services.
See Note 20 for reconciliation of Adjusted EBITDA by reportable segments and a reconciliation to GAAP-basis net income (loss).
Table:
 | Fiscal years ended |  |  | 
 | February 28, |  |  | 
(In thousands) | 2019 | 2018 | $ Change | % Change
 | Segment |  |  | 
Telematics Systems | $40,821 | $48,943 | $(8,122) | (17.0%)
Software & Subscription Services | 13,093 | 8,233 | 4,860 | 59.0%
Corporate Expense | (5,699) | (4,794) | (905) | 19.0%
Total Adjusted EBITDA | $48,215 | $52,382 | $(4,167) | (8.0%)


Question: What was the Total Adjusted EBITDA for the fiscal year ended February 28, 2019?
Answer: 48,215
Discontinued Operations
In December 2015, we completed the wind down of engineering, manufacturing and sales of our solar inverter product line (the "inverter business"). Accordingly, the results of our inverter business have been reflected as “Income (loss) from discontinued operations, net of income taxes” on our Consolidated Statements of Operations for all periods presented herein.
The effect of our sales of extended inverter warranties to our customers continues to be reflected in deferred revenue in our Consolidated Balance Sheets. Deferred revenue for extended inverter warranties and the associated costs of warranty service will be reflected in Sales and Cost of goods sold, respectively, from continuing operations in future periods in our Consolidated Statement of Operations, as the deferred revenue, is earned and the associated services are rendered. Extended warranties related to the inverter product line are no longer offered.
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
The significant items included in "Income (loss) from discontinued operations, net of income taxes" are as follows:
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Sales | $  — | $  —
Cost of sales | (901) | (88)
Total operating expense | 1,022 | 96
Operating income (loss) from discontinued operations | (121) | (8)
Other income (expense) | 10,895 | (24)
Income (loss) from discontinued operations before income taxes | 10,774 | (32)
Provision (benefit) for income taxes | 2,294 | 6
Income (loss) from discontinued operations, net of income taxes | $8,480 | $(38)


Question: What was the cost of sales in 2019?
Answer: (901)
NOTE 19—SEGMENT INFORMATION
ASC Topic 280, “Segment Reporting” (Topic 280), establishes standards for reporting, by public business enterprises, information about operating segments, products and services, geographic areas, and major customers. The method of determining what information, under Topic 280, to report is based on the way that an entity organizes operating segments for making operational decisions and how the entity’s management and chief operating decision maker (CODM) assess an entity’s financial performance. Our operations are analyzed by management and our CODM as being part of a single industry segment: the design, development, marketing and sales of Enterprise Information Management software and solutions.
The following table sets forth the distribution of revenues, by significant geographic area, for the periods indicated:
Table:
 |  | Year Ended June 30, | 
 | 2019 | 2018 | 2017
Revenues: |  |  | 
Canada | $153,890 | $149,812 | $227,115
United States | 1,490,863 | 1,425,244 | 1,090,049
United Kingdom | 182,815 | 201,821 | 159,817
Germany | 203,403 | 198,253 | 166,611
Rest of Europe | 534,204 | 517,693 | 394,132
All other countries | 303,580 | 322,418 | 253,333
Total revenues | $2,868,755 | $2,815,241 | $2,291,057


Question: What is the difference between total revenue for fiscal year 2019 and 2018?
Answer: 53514
Calculation: 2,868,755-2,815,241
Item 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES
Aggregate audit fees, audit-related fees, tax fees and the aggregate of all other fees billed to us by Ernst & Young LLP for the fiscal years ended June 30, 2019 and 2018 were as follows:
(1) Audit Fees consist of fees incurred for professional services rendered for the integrated audit of our annual consolidated financial statements, review of the quarterly consolidated financial statements and foreign statutory audits and services that are normally provided by Ernst & Young LLP in connection with statutory and regulatory filings or engagements. Audit fees also include accounting consultations, research related to the integrated audit and comfort letter services in relation to our exchangeable senior notes.
(2) Audit-Related Fees consist of fees billed for assurance and related services that are reasonably related to the performance of the audit or review of the Company’s consolidated financial statements and are not reported under “Audit Fees.” This primarily consists of fees for service organization control audits and due diligence on acquisitions.
(3) Tax fees relate to assistance with tax compliance, tax planning and various tax advisory services.
(4) Other fees are any additional amounts for products and services provided by the principal accountants.
Our audit committee has adopted a pre-approval policy for the engagement of our independent accountant to perform certain audit and non-audit services. Pursuant to this policy, which is designed to assure that such engagements do not impair the independence of our auditors, the audit committee pre-approves annually all audit services, audit related services, tax services and other services as described above, that may be performed by our independent accountants. All of the audit and non-audit services provided by our principal accountants have been pre-approved by our Audit Committee.
Table:
 | 2019 | 2018
 | (U.S. $ in thousands) | 
Audit fees (1) | $2,980 | $3,469
Audit-related fees (2) | 648 | 447
Tax fees (3) | 220 | 238
Other fees (4) | 8 | 3
Total | $3,856 | $4,157


Question: What is the definition of other fees?
Answer: Any additional amounts for products and services provided by the principal accountants.
OPERATING EXPENSES
(1) For the three-month period ended August 31, 2019, the average foreign exchange rate used for translation was 1.3222 USD/CDN.
(2) Fiscal 2018 was restated to comply with IFRS 15 and to reflect a change in accounting policy as well as to reclassify results from Cogeco Peer 1 as discontinued operations. For further details, please consult the "Accounting policies" and "Discontinued operations" sections.
(3) Fiscal 2019 actuals are translated at the average foreign exchange rate of the comparable period of fiscal 2018 which was 1.3100 USD/CDN.
Fiscal 2019 fourth-quarter operating expenses increased by 1.6% (1.1% in constant currency) mainly from: • additional costs in the American broadband services segment mainly due to higher programming costs, additional headcount to support growth, higher marketing initiatives to drive primary service units growth and the FiberLight acquisition;
Table:
Three months ended August 31, | 2019 (1) | 2018 (2) | Change | Change in constant currency (3) | Foreign exchange impact (3)
(in thousands of dollars, except percentages) | $ | $ | % | % | $
Canadian broadband services | 147,815 | 153,560 | (3.7) | (3.8) | 73
American broadband services | 148,215 | 136,506 | 8.6 | 7.6 | 1,370
Inter-segment eliminations and other | 6,803 | 7,911 | (14.0) | (14.0) | (2)
 | 302,833 | 297,977 | 1.6 | 1.1 | 1,441


Question: What was the increase in the operating expenses in 2019 fourth-quarter fiscal year?
Answer: 1.6%
Outstanding Indebtedness
At December 31, 2019 and 2018, our total debt outstanding consisted of the amounts set forth in the following table.
(1) Amounts are net of unamortized discounts and debt issuance costs of $25 million and $24 million as of December 31, 2019 and 2018, respectively. See Note 14, “Debt and Credit Facilities,” of the Notes to Consolidated Financial Statements for further details.
Table:
 | December 31, | 
(In millions) | 2019 | 2018
Short-term borrowings | $ 98.9 | $ 232.8
Current portion of long-term debt | 16.7 | 4.9
Total current debt | 115.6 | 237.7
Total long-term debt, less current portion(1) | 3,698.6 | 3,236.5
Total debt | 3,814.2 | 3,474.2
Less: Cash and cash equivalents | (262.4) | (271.7)
Net debt | $ 3,551.8 | $ 3,202.5


Question: What unit is the table expressed by?
Answer: In millions