hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
.

Table:
years ended december 31 | 2018 | 2017 | 2016
statutory tax rate | 19.0% ( 19.0 % ) | 19.3% ( 19.3 % ) | 20.0% ( 20.0 % )
u.s . state income taxes net of u.s . federal benefit | -0.4 ( 0.4 ) | -1.5 ( 1.5 ) | 0.4
taxes on international operations ( 1 ) | -7.3 ( 7.3 ) | -30.3 ( 30.3 ) | -12.2 ( 12.2 )
nondeductible expenses | 2.7 | 3.4 | 1.4
adjustments to prior year tax requirements | 0.9 | 2.0 | -1.2 ( 1.2 )
adjustments to valuation allowances | 3.8 | -1.8 ( 1.8 ) | -2.2 ( 2.2 )
change in uncertain tax positions | 0.9 | 1.6 | 3.2
excess tax benefits related to shared based compensation ( 2 ) | -3.6 ( 3.6 ) | -8.0 ( 8.0 ) | 2014
u.s . tax reform impact ( 3 ) | 7.1 | 51.2 | 2014
loss on disposition | -10.2 ( 10.2 ) | 2014 | 2014
other 2014 net | -1.2 ( 1.2 ) | 0.6 | 1.2
effective tax rate | 11.7% ( 11.7 % ) | 36.5% ( 36.5 % ) | 10.6% ( 10.6 % )
( 1 ) the company determines the adjustment for taxes on international operations based on the difference between the statutory tax rate applicable to earnings in each foreign jurisdiction and the enacted rate of 19.0% ( 19.0 % ) , 19.3% ( 19.3 % ) and 20.0% ( 20.0 % ) at december 31 , 2018 , 2017 , and 2016 , respectively .
the benefit to the company 2019s effective income tax rate from taxes on international operations relates to benefits from lower-taxed global operations , primarily due to the use of global funding structures and the tax holiday in singapore .
the impact decreased from 2017 to 2018 primarily as a result of the decrease in the u.s .
federal tax ( 2 ) with the adoption of asu 2016-09 in 2017 , excess tax benefits and deficiencies from share-based payment transactions are recognized as income tax expense or benefit in the company 2019s consolidated statements of income .
( 3 ) the impact of the tax reform act including the transition tax , the re-measurement of u.s .
deferred tax assets and liabilities from 35% ( 35 % ) to 21% ( 21 % ) , withholding tax accruals , and the allocation of tax benefit between continuing operations and discontinued operations related to utilization of foreign tax credits. .

Question: what is the difference between the statutory tax rate and the effective tax rate for international operations in 2018?
Answer: -7.3
Calculation: subtract(11.7%, 19.0%)
Employee Share Purchase Plan (ESPP)
The Company estimates the fair value of its ESPP share options on the date of grant using the Black-Scholes option-pricing model, which requires the use of highly subjective estimates and assumptions. The Company estimates the expected term of ESPP share options based on the length of each offering period, which is six months.
The risk-free interest rate is based on a treasury instrument whose term is consistent with the expected life of the ESPP share option. Expected volatility is based on the Company’s historical volatility. The Company uses an expected dividend rate of zero as it currently has no history or expectation of paying dividends on its ordinary shares.
The grant date fair value per ordinary share is based on the closing market value of its ordinary shares on the first day of each ESPP offering period. The first authorized offering period under the ESPP commenced on July 1, 2017.
The fair value of each ESPP option grant was estimated using the Black-Scholes option-pricing model that used the following weighted-average assumptions:
The weighted-average per share fair value of ESPP share options granted to employees during the years ended March 31, 2019 and 2018, was $9.58 and $6.41, respectively.
Table:
 | Year ended March 31, | 
 | 2019 | 2018
Expected term (in years) | 0.5 | 0.5
Risk-free interest rate | 2.3% | 1.4%
Expected volatility | 39.1% | 29.9%
Expected dividend yield   | —% | —%
Grant date fair value per ordinary share | $36.69 | $27.15


Question: What was the change in the Risk-free interest rate from 2018 to 2019?
Answer: 0.9
Calculation: 2.3 - 1.4
Note 12 – Income Taxes
The provision for income taxes consists of the following for the fiscal years ended December 27, 2019, December 28, 2018 and December 29, 2017:
Table:
 | December 27, 2019  | December 28, 2018  | December 29, 2017
Current income tax expense: |  |  | 
Federal  | $4,003 | $2,945 | $3,342
State  | 2,144 | 1,943 | 1,403
Total current income tax expense  | 6,147 | 4,888 | 4,745
Deferred income tax expense (benefit): |  |  | 
Federal  | 1,617 | 2,363 | (1,059)
Foreign  | 17 | (472) | 215
State  | 429 | 663 | 141
Total deferred income tax expense (benefit) | 2,063 | 2,554 | (703)
Total income tax expense | $8,210 | $7,442 | $4,042


Question: What is the Total deferred income tax expense (benefit) for 2019, 2018 and 2017 respectively?
Answer: 2,063, 2,554, (703)
Deferred Revenue The following table presents the breakdown of deferred revenue (in millions):
Deferred revenue decreased primarily due to the adoption of ASC 606 in the beginning of our first quarter of fiscal 2019. Of the total deferred revenue decrease related to the adoption of ASC 606 of $2.8 billion, $2.6 billion relates to deferred product revenue and $0.2 billion relates to deferred service revenue. Of the adjustment to deferred product revenue, $1.3 billion related to our recurring software and subscription offers, $0.6 billion related to two-tier distribution, and the remainder related to nonrecurring software and other adjustments. The decrease related to the adoption of ASC 606 was partially offset by an increase in product deferred revenue during the fiscal year. The increase in deferred service revenue was driven by the impact of contract renewals, partially offset by amortization of deferred service revenue.
Table:
 | July 27, 2019 | July 28, 2018 | Increase (Decrease)
Service | $11,709 | $11,431 | $ 278
Product | 6,758 | 8,254 | (1,496)
Total | $18,467 | $19,685 | $(1,218)
Reported as: |  |  | 
Current | $10,668 | $11,490 | $(822)
Noncurrent | 7,799 | 8,195 | (396)
Total | $18,467 | $19,685 | $(1,218)


Question: What was the percentage change in the total product revenue between 2018 and 2019?
Answer: -18.12
Calculation: (6,758-8,254)/8,254
Changes in Accumulated Other Comprehensive Income (Loss)
The following table summarizes the changes in accumulated other comprehensive income (loss), which is reported as a component of shareholders’ equity, for the years ended December 31, 2019 and 2018:
Expressed in US $000's except share and per share amounts
Table:
 | Accumulated Other Comprehensive Income (Loss) | 
 | Years ended | 
 | December 31, 2019 | December 31, 2018
 | $ | $
Balance, beginning of the year | (12,216) | 3,435
 |  | 
Other comprehensive income (loss) before reclassifications | 12,865 | (19,821)
Loss on cash flow hedges reclassified from accumulated other comprehensive income (loss) to earnings were as follows: |  | 
Cost of revenues | 279 | 255
Sales and marketing | 1,538 | 1,224
Research and development | 2,620 | 2,063
General and administrative | 744 | 628
Tax effect on unrealized gain (loss) on cash flow hedges | (4,784) | —
Other comprehensive income (loss), net of tax | 13,262 | (15,651)
Balance, end of the year | 1,046 | (12,216)


Question: What is the accumulated other comprehensive income at the beginning of 2019?
Answer: (12,216)
NOTE E – PROPERTY AND EQUIPMENT
The Company’s property and equipment as of December 31, 2019 and 2018 consists of the following:
Depreciation and amortization expense included as a charge to income was $66,082 and $67,107 for the years ended December 31, 2019 and 2018, respectively.
Table:
 | 2019 | 2018
Development test equipment | $16,461 | $19,110
Computer software | 76,134 | 76,134
Office equipment | 66,685 | 61,367
Office fixtures and furniture | 330,568 | 330,568
Leasehold improvements | 18,016 | 18,016
Total | 507,864 | 505,195
Accumulated depreciation and amortization | (321,339) | (257,906)
Total property and equipment | 186,525 | $247,289


Question: What is the total property and equipment for the year ended December 31, 2019?
Answer: 186,525
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 was the change in the Equity method investments included in other assets between 2018 and 2019?
Answer: -31
Calculation: 87-118
11 Employee Costs
Included in wages and salaries above are $4.2M (2018: $4.0M) relating to retention payments arising on business combinations.
Table:
 | Year-ended 31 March 2019 | Year-ended 31 March 2018 Restated See note 2
 | $M | $M
Wages and salaries | 286.0 | 271.8
Social security costs | 25.6 | 27.3
Pension costs | 8.9 | 8.4
Other costs | 12.7 | 12.1
 | 333.2 | 319.6
Share-based payments (see note 29) | 36.9 | 42.3
Total employee costs | 370.1 | 361.9


Question: What are the types of costs considered when calculating the total employee costs?
Answer: Wages and salaries, Social security costs, Pension costs, Other costs, Share-based payments
GreenSky, Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) (United States Dollars in thousands, except per share data, unless otherwise stated)
Key details of the term loan are as follows:
(1) The principal balance of the term loan is scheduled to be repaid on a quarterly basis at an amortization rate of 0.25% per quarter through December 31, 2024, with the balance due at maturity. For each of the next five years, principal repayments on the term loan are expected to be $4,000.
(2) For the years ended December 31, 2019 and 2018, debt discount of $613 and $593, respectively, and debt issuance costs of $1,062
and $1,091, respectively, were amortized into interest expense in the Consolidated Statements of Operations. Giving effect to the
amortization of debt discount and debt issuance costs on the term loan, the effective interest rates were 5.95% and 5.99% during the
years ended December 31, 2019 and 2018, respectively.
Table:
 | December 31, | 
 | 2019 | 2018
Term loan, face value(1) | $393,000 | $397,000
Unamortized debt discount (2) | (3,115) | (3,728)
Unamortized debt issuance costs(2) | (5,388) | (6,450)
Term loan | $384,497 | $386,822


Question: What was the percentage change in the term loan between 2018 and 2019?
Answer: -0.6
Calculation: (384,497-386,822)/386,822
The Corporation is also exposed to credit risk in relation to its trade accounts receivable. To mitigate such risk, the Corporation continuously monitors the financial condition of its customers and reviews the credit history or worthiness of each new large customer. The Corporation establishes an allowance for lifetime expected credit losses related to doubtful accounts. The doubtful accounts allowance is calculated on a specific-identification basis for larger customer accounts receivable and on a statistically derived basis for the remainder.
Factors such as the current economic conditions, forward-looking macroeconomic data and historical information (number of overdue days of the customer’s balance outstanding as well as the customer’s collection history) are examined. The Corporation believes that its allowance for doubtful accounts is sufficient to cover the related credit risk.
The Corporation has credit policies in place and has established various credit controls, including credit checks, deposits on accounts and advance billing, and has also established procedures to suspend the availability of services when customers have fully utilized approved credit limits or have violated existing payment terms. Since the Corporation has a large and diversified clientele dispersed throughout its market areas in Canada and the United States, there is no significant concentration of credit risk.
The following table provides further details on trade and other receivables, net of allowance for doubtful accounts:
Table:
At August 31, | 2019 | 2018
(In thousands of Canadian dollars) | $ | $
Trade accounts receivable | 74,021 | 95,541
Allowance for doubtful accounts | (6,759) | (6,497)
 | 67,262 | 89,044
Other accounts receivable | 8,390 | 8,250
 | 75,652 | 97,294


Question: What was the average allowance for doubtful accounts from 2018 to 2019?
Answer: -6628
Calculation: -(6,759 + 6,497) / 2
Note 8. Goodwill and Intangible Assets, Net
The following table reflects changes in the net carrying amount of the components of intangible assets (in thousands):
Table:
 | Customer Relationships | Developed Technology | Trade Name | Total
Balance as of January 1, 2018 | $88,526 | $5,532 | $228 | $94,286
Amortization | (11,262) | (3,854) | (103) | (15,219)
Balance as of December 31, 2018 | 77,264 | 1,678 | 125 | 79,067
Intangible assets acquired | 19,805 | 16,583 | 2,219 | 38,607
Amortization | (12,673) | (1,441) | (122) | (14,236)
Balance as of December 31, 2019 | $84,396 | $16,820 | $2,222 | $103,438


Question: What was the percentage change in the total balance between January 1, 2018 and December 31, 2018? 
Answer: -16.14
Calculation: (79,067-94,286)/94,286
Pro Forma Information
The following unaudited pro forma information gives effect to the acquisition of AutoGuide as if the acquisition occurred on January 1, 2018 and the acquisition of MiR as if the acquisition occurred on January 1, 2017. The unaudited pro forma results are not necessarily indicative of what actually would have occurred had the acquisition been in effect for the periods presented:
Pro forma results for the year ended December 31, 2019 were adjusted to exclude $1.2 million of AutoGuide acquisition related costs and $0.1 million of AutoGuide non-recurring expense related to fair value adjustment to acquisition-date inventory.
Pro forma results for the year ended December 31, 2018 were adjusted to include $1.2 million of AutoGuide acquisition related costs and $0.4 million of AutoGuide non-recurring expense related to fair value adjustment to acquisition-date inventory.
Pro forma results for the year ended December 31, 2018 were adjusted to exclude $2.9 million of MiR acquisition related costs and $0.4 million of MiR non-recurring expense related to fair value adjustment to acquisition-date inventory.
Table:
 | For the Year Ended | 
 | December 31, 2019 | December 31, 2018
 | (in thousands, except per share amounts) | 
Revenues | $2,303,737 | $2,111,373
Net income | $464,602 | $442,082
Net income per common share: |  | 
Basic | $2.73 | $2.36
Diluted | $2.59 | $2.30


Question: In which year was diluted net income per common share larger?
Answer: 2019
Calculation: 2.59>2.30
Results of Operations
We operate a cybersecurity business, focused on licensing and enforcement, providing advisory services, developing mobile security applications, and investing in emerging cybersecurity technologies and intellectual property. The following table summarizes our results of operations for the periods presented and as a percentage of our total revenue for those periods based on our consolidated statement of operations data. The year to year comparison of results of operations is not necessarily indicative of results of operations for future periods.
Table:
 |  |  | For the Years Ended December 31, |  |  | 
 | 2019 |  | 2018 |  | 2017 | 
 | Amount | % of Revenue | Amount | % of Revenue | Amount | % of Revenue
 |  |  | (In millions, except percentages) |  |  | 
Revenues | $13.2 | 100% | $82.3 | 100% | $50.5 | 100%
Cost of revenues | 1.9 | 14% | 15.3 | 19% | 6.0 | 12%
Gross profit | 11.3 | 86% | 67.0 | 81% | 44.5 | 88%
Operating expenses: |  |  |  |  |  | 
Selling, general and administrative (1) | 31.7 | 240% | 32.2 | 39% | 28.6 | 57%
Research and development | 2.0 | 15% | 2.1 | 2% | 1.5 | 3%
Total operating expenses | 33.7 | 225% | 34.3 | 41% | 30.1 | 60%
Other income (expense) | (0.3) | (2)% | (4.0) | (5)% | 2.2 | 4%
Income (loss) before income taxes | (22.7) | (172%) | 28.7 | 35% | 16.6 | 33%
Income tax provision (benefit) | (6.2) | (47%) | 8.0 | 10% | (6.2) | (12)%
Net income (loss) | $(16.5) | (125)% | $20.7 | 25% | $22.8 | 45%
(1) Includes stock based compensation | $1.0 | 8% | $1.6 | 2% | $0.8 | 2%


Question: What are the respective revenues from operations in 2018 and 2019 respectively?
Answer: $82.3, $13.2
(1) 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.
(2) The non-controlling interest represents a participation of 21% in Atlantic Broadband's results by Caisse de dépot et placement du Québec ("CDPQ"), effective since the MetroCast acquisition on January 4, 2018.
Fiscal 2019 fourth-quarter profit for the period from continuing operations and profit for the period from continuing operations attributable to owners of the Corporation increased by 21.8% and 20.8%, respectively, as a result of: • higher adjusted EBITDA; and • the decrease in financial expense.
Fiscal 2019 fourth-quarter profit for the period and profit for the period attributable to owners of the Corporation increased by 26.1% and 25.2%, respectively, mainly due to a profit for the period from discontinued operations of $1.9 million due to working capital adjustments during the fourth quarter related to the sale of Cogeco Peer 1 compared to a loss for the period from discontinued operations of $1.1 million for the comparable period of the prior year in addition to the elements mentioned above.
Table:
Three months ended August 31, | 2019 | 2018(2) | Change
(in thousands of dollars, except percentages and earnings per share) | $ | $ | %
Profit for the period from continuing operations | 92,403 | 75,870 | 21.8
Profit for the period | 94,323 | 74,818 | 26.1
Profit for the period from continuing operations attributable to owners of the Corporation | 87,850 | 72,753 | 20.8
Profit for the period attributable to owners of the Corporation | 89,770 | 71,701 | 25.2
Profit for the period from continuing operations attributable to non-controlling interest(2) | 4,553 | 3,117 | 46.1
Basic earnings per share from continuing operations | 1.78 | 1.48 | 20.3
Basic earnings per share | 1.82 | 1.45 | 25.5


Question: What is the increase/ (decrease) in Profit for the period from continuing operations from 2018 to 2019?
Answer: 16533
Calculation: 92,403-75,870
ITEM 3. KEY INFORMATION
Selected Financial Data
The following table sets forth our selected consolidated financial data as of and for each of the years in the five-year period ended December 31, 2019. The consolidated financial data has been derived from, and should be read in conjunction with, our Consolidated Financial Statements prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (IFRS), presented in “Item 18. Financial Statements” of this report.
Our selected financial data and our Consolidated Financial Statements are presented in euros, unless otherwise stated.
(1) See Note (C.6) to our Consolidated Financial Statements for more information on earnings per share.
(2) The balances include primarily bonds, private placements and bank loans. See Note (E.3) to our Consolidated Financial Statements for more information on our financial liabilities.
Table:
SELECTED FINANCIAL DATA: IFRS |  |  |  |  | 
€ millions, unless otherwise stated | 2019 | 2018 | 2017 | 2016 | 2015
Income Statement Data: Years ended December 31, |  |  |  |  | 
Cloud revenue | 6,933 | 4,993 | 3,769 | 2,993 | 2,286
Software licenses and support revenue | 16,080 | 15,628 | 15,780 | 15,431 | 14,928
Cloud and software revenue | 23,012 | 20,622 | 19,549 | 18,424 | 17,214
Total revenue | 27,553 | 24,708 | 23,461 | 22,062 | 20,793
Operating profit | 4,473 | 5,703 | 4,877 | 5,135 | 4,252
Profit after tax | 3,370 | 4,088 | 4,046 | 3,629 | 3,056
Profit attributable to owners of parent | 3,321 | 4,083 | 4,008 | 3,642 | 3,064
Earnings per share(1) |  |  |  |  | 
Basic in € | 2.78 | 3.42 | 3.35 | 3.04 | 2.56
Diluted in € | 2.78 | 3.42 | 3.35 | 3.04 | 2.56
Other Data: |  |  |  |  | 
Weighted-average number of shares outstanding |  |  |  |  | 
Basic | 1,194 | 1,194 | 1,197 | 1,198 | 1,197
Diluted | 1,194 | 1,194 | 1,198 | 1,199 | 1,198
Statement of Financial Position Data: At December 31, |  |  |  |  | 
Cash and cash equivalents | 5,314 | 8,627 | 4,011 | 3,702 | 3,411
Total assets | 60,215 | 51,502 | 42,484 | 44,262 | 41,390
Current financial liabilities(2) | 3,273 | 1,125 | 1,561 | 1,813 | 841
Non-current financial liabilities(2) | 12,923 | 10,553 | 5,034 | 6,481 | 8,681
Issued capital | 1,229 | 1,229 | 1,229 | 1,229 | 1,229
Total equity | 30,822 | 28,877 | 25,515 | 26,382 | 23,295


Question: What do the current and non-current financial liabilities balances include?
Answer: primarily bonds, private placements and bank loans.
Issuer Purchases of Equity Securities
(i) Includes 3,416 shares that have been withheld by the Company to satisfy its tax withholding and remittance obligations in connection with the vesting of restricted stock awards. In addition, the Company exercised a pro-rata portion of the 2022 convertible note hedges (described in Note 12, Indebtedness, of the Notes to the Consolidated Financial Statements) to offset the shares of the Company’s Class A common stock issued to settle the conversion of certain 2022 Notes. The note hedges were net share settled and the Company received 3,643,165 shares of the Company’s Class A common stock from the counterparties in October of 2018.
(ii) Excludes the shares received through the exercise of the note hedges.
(iii) The Company exercised a pro-rata portion of the 2022 convertible note hedges to offset the shares of the Company’s Class A common stock issued to settle the conversion of certain 2022 Notes. The note hedges were net share settled and the Company received 1,096,773 shares of the Company’s Class A common stock from the counterparties in November of 2018.
Table:
Period | Total number of Shares purchased | Average price paid per share | Total number of shares purchased as part of publicly announced plans or programs | Maximum number (or approximate dollar value) of shares that may yet be purchased under the plans or programs
October 1 to October 31 | 3,646,581 (i) | 97.28 (ii) | — | —
November 1 to November 30 | 1,096,773 (iii) | — (ii) | — | —
December 1 to December 31 | — | — | — | —
Total | 4,743,354 | 97.28 (ii) | — | —


Question: Which period has the largest number of shares purchased?  
Answer: October 1 to October 31
Calculation: From COL3 look for the largest number and find the corresponding period in COL2