hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
The following table sets forth information known to us with respect to the beneficial ownership of our common shares as of (i) April 12, 2020, our most recent record date, and (ii) as of certain record dates in each of the preceding three years, for (1) the stockholders known by us to beneficially own more than 2% of our common shares and (2) all directors and executive officers as a group. Beneficial ownership is determined in accordance with SEC rules.
(1) 36.49% owned by United Microelectronics Corporation as of March 31, 2020.
None of our major stockholders have different voting rights from those of our other stockholders. To the best of our knowledge, we are not directly or indirectly controlled by another corporation, by any foreign government or by any other natural or legal person severally or jointly.
For information regarding our common shares held or beneficially owned by persons in the United States, see “Item 9. The Offer and Listing—A. Offer and Listing Details—Market Price Information for Our American Depositary Shares” in this annual report.
Table:
 | As of April 14, 2018 | As of April 14, 2019 | As of April 12, 2020 | As of April 12, 2020
 | Number of common shares beneficially owned | Number of common shares beneficially owned | Number of common shares beneficially owned | Number of common shares beneficially owned
Name of Beneficial Owner |  |  |  | 
Hsun Chieh Investment Co., Ltd. (1) | 3.50% | 3.64% | 441,371,000 | 3.75%
Silicon Integrated Systems Corp. | 2.50% | 2.35% | 285,380,424 | 2.42%
Directors and executive officers as a group | 6.32% | 6.67% | 832,664,416 | 7.07%


Question: How is the Beneficial ownership determined?
Answer: Beneficial ownership is determined in accordance with SEC rules.
Backlog
At December 31, 2019 and 2018, our backlog of unfilled orders in our four reportable segments was as follows:
Customers may delay delivery of products or cancel orders suddenly and without advanced notice, subject to possible cancellation penalties. Due to possible customer changes in delivery schedules and cancellation of orders, our backlog at any particular date is not necessarily indicative of the actual sales for any succeeding period. Delays in delivery schedules or cancellations of backlog during any particular period could have a material adverse effect on our business, financial condition or results of operations.
Table:
 | 2019 | 2018
 | (in millions) | 
Semiconductor Test | $543.2 | $367.5
System Test | 206.0 | 149.5
Wireless Test | 42.9 | 32.0
Industrial Automation | 17.9 | 19.7
 | $810.0 | $568.7


Question: What can delays in delivery schedules or cancellations of backlog result in?
Answer: could have a material adverse effect on our business, financial condition or results of operations
issuer purchases of equity securities the following table provides information about our repurchases of common stock during the three-month period ended december 31 , 2007 . period total number of shares purchased average price paid per total number of shares purchased as part of publicly announced program ( a ) maximum number of shares that may yet be purchased under the program ( b ) .

Table:
period | total number ofshares purchased | average pricepaid pershare | total number of sharespurchased as part ofpubliclyannouncedprogram ( a ) | maximum number ofshares that may yet bepurchased under theprogram ( b )
october | 127100 | $ 108.58 | 127100 | 35573131
november | 1504300 | 109.07 | 1504300 | 34068831
december | 1325900 | 108.78 | 1325900 | 32742931
( a ) we repurchased a total of 2957300 shares of our common stock during the quarter ended december 31 , 2007 under a share repurchase program that we announced in october 2002 .
( b ) our board of directors has approved a share repurchase program for the repurchase of up to 128 million shares of our common stock from time-to-time , including 20 million shares approved for repurchase by our board of directors in september 2007 .
under the program , management has discretion to determine the number and price of the shares to be repurchased , and the timing of any repurchases , in compliance with applicable law and regulation .
as of december 31 , 2007 , we had repurchased a total of 95.3 million shares under the program .
in 2007 , we did not make any unregistered sales of equity securities. .

Question: as of december 2007 what was the percent of the shares outstanding of the authorized repurchase by the board of directors in september 2007
Answer: 25.54%
Calculation: subtract(128, 95.3)
GAINS (LOSSES) ON EQUITY INVESTMENTS AND INTEREST AND OTHER, NET
GAINS (LOSSES) ON EQUITY INVESTMENTS, NET
Ongoing mark-to-market net gains and losses reported in 2019 and 2018 were primarily driven by ASML Holding N.V. (ASML) and Cloudera Inc. (Cloudera). During 2019 we sold our equity investment in ASML.
In 2019, we recognized $293 million in observable price adjustments primarily from one investment.
During 2018, we recognized an impairment charge of $290 million in our equity method investment in IMFT. During 2017, we recognized impairment charges in our investments of Cloudera for $278 million and Unisoc for $308 million.
Major drivers of sales of equity investments and other in 2019 were dividends of $632 million from McAfee and a gain of $107 million from our sale of our non-controlling interest in IMFT. In 2017, we recognized $3.4 billion in realized gains on sales of a portion of our interest in ASML.
INTEREST AND OTHER, NET
We recognized a higher net gain in interest and other in 2019 compared to 2018, primarily due to lower loss on debt conversions and larger divestiture gains in 2019 compared to 2018.
We recognized a net gain in interest and other in 2018 compared to a net loss in 2017, primarily due to lower losses on debt conversions, higher assets under construction resulting in more capitalized interest, and larger divestiture gains in 2018 compared to 2017.
Table:
Years Ended | Dec 28, | Dec 29, | Dec 30,
(In Millions) | 2019 | 2018 | 2017
Ongoing mark-to market adjustments on marketable equity securities | $277 | $(129) | $ —
Observable price adjustments on non-marketable equity securities | 293 | 202 | —
Impairment charges | (122) | (424) | (833)
Sale of equity investments and other | 1,091 | 226 | 3,484
Gains (losses) one equity investments, net | $1,539 | $(125) | $2,651
Interest and other, net | $484 | $126 | $(349)


Question: What were the main reasons for a higher net gain in interest and other in 2019 compared to 2018?
Answer: Higher net gain in interest and other in 2019 compared to 2018, primarily due to lower loss on debt conversions and larger divestiture gains in 2019 compared to 2018.
The following is a summary of investments, including those that meet the definition of a cash equivalent, as of December 31, 2018 (in thousands):
As of December 31, 2019, the Company’s investment in corporate bonds and US treasury securities had a weighted-average maturity date of approximately five months. Unrealized gains and losses on investments were not significant individually or in aggregate, and the Company does not believe the unrealized losses represent other-than-temporary impairments as of December 31, 2019.
Table:
 | Amortized Cost | Unrealized Gains | Unrealized Losses | Fair Value
Current assets: |  |  |  | 
Cash | $54,275 | $— | $— | $54,275
Cash equivalents: |  |  |  | 
Money market funds | 129,321 | — | — | 129,321
Total cash equivalents | 129,321 | — | — | 129,321
Total cash and cash equivalents | 183,596 | — | — | 183,596
Short-term investments: |  |  |  | 
Corporate bonds | 58,115 | — | (82) | 58,033
US treasury securities | 138,826 | — | (100) | 138,726
Commercial paper | 7,973 | — | — | 7,973
Total short-term investments | 204,914 | — | (182) | 204,732
Long-term investments: |  |  |  | 
Strategic investments | 1,250 | — | — | 1,250
Total long-term investments | $1,250 | $— | $— | $1,250


Question: What percentage of total unrealized losses for short-term investments consist of corporate bonds?
Answer: 45.05
Calculation: (82/182)
Results of Operations
(2) Operating expenses include stock-based compensation expense as follows (in thousands):
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Stock-based compensation expense data: |  |  | 
Sales and marketing | $2,075 | $1,196 | $561
General and administrative | 6,474 | 4,901 | 2,638
Research and development | 12,054 | 7,332 | 4,214
Total stock-based compensation expense | $20,603 | $13,429 | $7,413


Question: What was the amount of sales and marketing in 2018?
Answer: 1,196
Cash and Cash Equivalents
Highly liquid instruments purchased with original maturities of three months or less are considered cash equivalents. Cash equivalents are invested with high credit quality financial institutions and consist of short-term investments, such as demand deposit accounts, money market accounts, money market funds and time deposits. The carrying amounts of these instruments reported in the Consolidated Balance Sheets approximate their fair value because of their immediate or short-term maturities.
Cash and cash equivalents are unrestricted and include the following (in millions):
Table:
 | December 31, | 
 | 2019 | 2018
Cash | $8.2 | $9.5
Cash equivalents | 7.2 | 10.8
Cash and cash equivalents | $15.4 | $20.3


Question: What was the change in cash equivalents between 2018 and 2019?
Answer: -3.6
Calculation: 7.2-10.8
Option Exercises and Stock Vested in Fiscal 2019
The following table sets forth certain details with respect to each of the Named Executive Officers concerning the exercise of stock options and vesting of stock in Fiscal 2019:
(1) “Value realized on exercise” is the excess of the market price, at date of exercise, of the shares underlying the options over the exercise price of the options.
(2) “Value realized on vesting” is the market price of the underlying Common Shares on the vesting date.
(3) Relates to the vesting of PSUs and RSUs under our Fiscal 2018 LTIP.
Table:
 | Option Awards |  | Stock Awards (3) | 
Name | Number of Shares Acquired on Exercise (#) | Value Realized on Exercise(1) ($) | Number of Shares Acquired on Vesting (#) | Value Realized on Vesting(2) ($)
Mark J. Barrenechea | 135,208 | $2,801,023 | 65,820 | $7,625,905
Madhu Ranganathan | — | $— | — | $—
Muhi Majzoub | 100,000 | $2,592,411 | 10,900 | $1,263,646
Gordon A. Davies | — | $— | 12,840 | $1,486,870
Simon Harrison | 26,504 | $714,495 | 8,980 | $346,808


Question: What is  “Value realized on exercise”?
Answer: the excess of the market price, at date of exercise, of the shares underlying the options over the exercise price of the options
BUSINESS COMBINATION IN FISCAL 2019
Purchase of a fibre network and corresponding assets
On October 3, 2018, the Corporation's subsidiary, Atlantic Broadband, completed the acquisition of the south Florida fibre network previously owned by FiberLight, LLC. The transaction, combined with the dark fibers acquired from FiberLight in the second quarter of fiscal 2018, added 350 route miles to Atlantic Broadband’s existing south Florida footprint.
The acquisition was accounted for using the purchase method and was subject to post closing adjustments. The final allocation of the purchase price of this acquisition is as follows:
Table:
 | Final | Preliminary
 | August 31, 2019 | November 30, 2018
(In thousands of Canadian dollars) | $ | $
Purchase price |  | 
Consideration paid at closing | 38,876 | 38,876
Balance due on business combinations | 5,005 | 5,005
 | 43,881 | 43,881
Net assets acquired |  | 
Trade and other receivables | 1,308 | 1,743
Prepaid expenses and other | 335 | 335
Property, plant and equipment | 28,785 | 45,769
Intangible assets | 3,978 | —
Goodwill | 11,093 | —
Trade and other payables assumed | (644) | (644)
Contract liabilities and other liabilities assumed | (974) | (3,322)
 | 43,881 | 43,881


Question: What is the increase/ (decrease) in Property, plant and equipment from Preliminary, November 30, 2018 to Final August 31, 2019?
Answer: -16984
Calculation: 28,785-45,769
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 interest expense for 2018?
Answer: $134 million
10. Creditors: amounts falling due within one year
Trade creditors are non-interest bearing and are normally settled on 30 to 60-day terms. Other creditors are non-interest bearing.
The Directors consider that the carrying amount of trade creditors approximates their fair value.
Table:
 |  | 2019 | 2018
 | Notes | £ million | £ million
Trade creditors |  | 2.3 | 1.4
Owed to subsidiaries |  | 90.4 | 84.8
Accruals |  | 5.1 | 4.5
Deferred income |  | 3.2 | 4.4
Lease liabilities | 14 | 0.1 | –
Other taxes and social security costs |  | 0.4 | 0.5
Government grants | 12 | 0.7 | 0.3
 |  | 102.2 | 95.9


Question: What terms are trade creditors normally settled on?
Answer: 30 to 60-day terms
Expected Future Pension Benefit Payments
Future benefit payments are expected to be paid as follows:
Table:
 | United States | Foreign
 | (in thousands) | 
2020 | $8,027 | $1,237
2021 | 8,416 | 985
2022 | 9,163 | 982
2023 | 9,785 | 1,258
2024 | 10,558 | 1,098
2025-2029 | 59,665 | 6,129


Question: What is the Expected Future Pension Benefit Payments in 2020 under United States?
Answer: $8,027
11. Segment Information and Geographic Area Information
The following table sets forth certain geographic financial information for fiscal 2019, fiscal 2018 and fiscal 2017. Geographic net sales are determined based on our sales from our various operational locations.
Table:
 |  | Fiscal Year Ended | 
(Dollars in Millions) | April 27, 2019 | April 28, 2018 | April 29, 2017
Net Sales: |  |  | 
U.S. | $540.5 | $487.5 | $506.9
Malta | 148.5 | 184.0 | 155.5
China | 113.7 | 117.3 | 127.7
Canada | 101.6 | 54.4 | —
Other | 96.0 | 65.1 | 26.4
Total Net Sales | $1,000.3 | $908.3 | $816.5
Property, Plant and Equipment, Net: |  |  | 
U.S. | $83.9 | $63.3 | $44.9
Malta | 33.0 | 36.8 | 26.4
Belgium | 22.1 | 25.0 | —
China | 18.6 | 7.2 | 5.9
Other | 34.3 | 29.9 | 13.4
Total Property, Plant and Equipment, Net | $191.9 | $162.2 | $90.6


Question: In which year was Total Net Sales less than 1,000.0 million?
Answer: 2018, 2017
Calculation: locate and analyze total net sales in row 10
Employee Share Ownership Plan
UK employees are eligible to participate in the Employee Share Ownership Plan (ESOP). The aim of the ESOP is to encourage increased shareholding in the Company by all UK employees and so there are no performance conditions. Employees are invited to join the ESOP when an offer is made each year. Individuals save for 12 months during the accumulation period and subscribe for shares at the lower of the price at the beginning and the end of the accumulation period under HMRC rules. The Company provides a matching share for each share purchased by the individual.
Shares issued under the ESOP have been measured using the Present Economic Value (PEV) valuation methodology. The relevant disclosures in respect of the Employee Share Ownership Plans are set out below.
The accumulation period for the 2019 ESOP ends in September 2020, therefore some figures are projections.
Table:
 | 2015 Grant | 2016 Grant | 2017 Grant | 2018 Grant | 2019 Grant
Grant date | 1st October | 1st October | 1st October | 1st October | 1st October
Exercise price | 2,797.0p | 4,477.3p | 5,496.7p | 7,240.0p | 7,835.0p
Number of employees | 1,038 | 1,040 | 1,229 | 1,294 | 1,318
Shares under scheme | 34,449 | 22,173 | 22,411 | 16,687 | 16,820
Vesting period | 3 years | 3 years | 3 years | 3 years | 3 years
Expected volatility | 21% | 21% | 21% | 19% | 21%
Risk free interest rate | 0.4% | 0.1% | 0.4% | 0.8% | 0.5%
Expected dividend yield | 2.5% | 2.5% | 2.3% | 2.0% | 1.8%
Fair value | 2,931.3p | 4,696.7p | 5,799.0p | 7,623.7p | 8,305.1p


Question: What is the aim of the ESOP?
Answer: to encourage increased shareholding in the Company by all UK employees and so there are no performance conditions
14. Earnings per share
1 Adjustment of previous year according to explanation in notes.
Earnings per share are determined by dividing profit or loss for the period attributable to the shareholders of METRO AG by the weighted number of no-par-value shares. In the calculation of earnings per ordinary share, an additional dividend for preference shares is generally deducted from profit or loss for the period attributable to the shareholders of METRO AG. There was no dilution in the reporting period or the year before from so-called potential shares.
Earnings per preference share correspond to earnings per share.
Table:
 | 2017/2018 | 2018/2019
Weighted number of no-par-value shares | 363,097,253 | 363,097,253
Profit or loss for the period attributable to the shareholders of METROAG (€million) | 333 | −126
Earnings per share in € (basic = diluted) | 0.92 | −0.35
from continuing operations | (0.98) | (1.12)
from discontinued operations | (−0.06) | (−1.46)


Question: What was the change in the Weighted number of no-par-value shares in 2018/2019 from 2017/2018?
Answer: 0
Calculation: 363,097,253-363,097,253
7. Employee numbers and costs
The average monthly number of employees (including Executive Directors but excluding third-party contractors) employed by the Group was as follows:
Table:
 | 2019 | 2018
 | Number | Number
Customer operations | 370 | 380
Product and technology | 317 | 312
Corporate | 115 | 130
Total | 802 | 822


Question: What are the categories of employees listed in the table?
Answer: Customer operations, Product and technology, Corporate
Stock Options
Stock options granted pursuant to the 2016 Incentive Plan are granted at an exercise price not less than the market value per share of the Company’s common stock on the date of grant. Under the 2016 Incentive Plan, the term of the outstanding options may not exceed ten years nor be less than one year. Vesting of options is determined by the compensation committee of the board and the administrator of the 2016 Incentive Plan and can vary based upon the individual award agreements. In addition, outstanding options do not have dividend equivalent rights associated with them under the 2016 Incentive Plan.
A summary of stock option activity is as follows:
The weighted average grant date fair value of stock options granted during the years ended December 31, 2018 and 2017, was $7.03 and $6.24, respectively. The Company did not grant stock options during the year ended December 31, 2019. The total intrinsic value of stock options exercised during the years ended December 31, 2019, 2018, and 2017, was $16.0 million, $15.8 million, and $13.4 million, respectively.
Table:
 | Number of Shares | Weighted Average Exercise Price ($) | Weighted Average Remaining Contractual Term (Years) | Aggregate Intrinsic Value of In-the- Money Options ($)
Outstanding, December 31, 2018 | 4,864,836 | $17.76 |  | 
Exercised | -854,524 | 15.78 |  | 
Forfeited | -3,496 | 17.89 |  | 
Outstanding, December 31, 2019 | 4,006,816 | $18.18 | 3.71 | $78,949,941
Exercisable, December 31, 2019 | 3,462,664 | $17.86 | 3.70 | $69,349,255


Question: What were the number of shares Exercised in 2018?
Answer: 854,524
Activity under our stock option plans is summarized as follows:
(a) Weighted-average exercise price
(b) Weighted-average contractual life remaining
The total aggregate intrinsic value of options exercised is $2,149, $1,724, and $1,944 for fiscal years ended March 31, 2017, 2018, and 2019, respectively.
Table:
 | Number of Shares | Average Price (a) | Average Life (years) (b) | Aggregate Intrinsic Value
Outstanding at March 31, 2018 | 1,894 | $12.90 | - | -
Options granted | - | - | - | -
Options exercised | (326) | 13.11 | - | $1,944
Options cancelled/forfeited | (122) | 13.22 | - | 295
Outstanding at March 31, 2019 | 1,446 | $12.82 | 3.29 | $6,528
Exercisable at March 31, 2019 | 1,347 | $12.70 | 3.08 | $6,253


Question: What is the total aggregate intrinsic value of options exercised between 2017 to 2019?
Answer: 5817
Calculation: 2,149 + 1,724 + 1,944
Property and Equipment
Property and equipment are as follows (in thousands):
(1) In the fourth quarter 2019, the Company announced its decision to exit the San Jose California facility (“SJ Facility”) by March 31, 2020. The Company accelerated the amortization of its SJ Facility leasehold improvements over the remaining estimated life which is estimated to be through March 31, 2020. As of December 31, 2019, the net book value of the SJ Facility leasehold improvements was $0.9 million and will be fully amortized by March 31, 2020.
Table:
December 31, |  | 
 | 2019 | 2018
Computer equipment and purchased software | $3,011 | $3,167
Machinery and equipment | 699 | 821
Furniture and fixtures | 1,115 | 1,113
Leasehold improvements (1) | 3,897 | 3,897
Total | 8,722 | 8,998
Less accumulated depreciation and amortization (1) | (7,496) | (6,655)
Property and equipment, net | $1,226 | $2,343


Question: In which year was Machinery and equipment less than 700 thousands?
Answer: 2019
Calculation: locate and analyze Machinery and equipment in row 4