hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Accounts Receivable and Allowance for Doubtful Accounts
Accounts receivable consists primarily of amounts due to the Company from normal business activities. We maintain an allowance for doubtful accounts for estimated losses that result from the inability of our customers to make required payments.
The allowance for doubtful accounts is maintained based on customer payment levels, historical experience and management’s views on trends in the overall receivable agings. In addition, for larger accounts, we perform analyses of risks on a customer-specific basis. We perform ongoing credit evaluations of our customers’ financial condition and management believes that an adequate allowance for doubtful accounts has been provided.
Uncollectible accounts are removed from accounts receivable and are charged against the allowance for doubtful accounts when internal collection efforts have been unsuccessful. The following table summarizes the activity in allowance for doubtful accounts for the years ended December 31, 2019, 2018 and 2017:
Table:
 |  | Year Ended December 31, | 
(In thousands) | 2019 | 2018 | 2017
Balance at beginning of year | $4,421 | $6,667 | $2,813
Provision charged to expense | 9,347 | 8,793 | 7,072
Write-offs, less recoveries | (9,219) | (11,039) | (6,516)
Acquired allowance for doubtful accounts | — | — | 3,298
Balance at end of year | $4,549 | $4,421 | $6,667


Question: What was the provision charged to expense in 2019?
Answer: 9,347
2.4 KEY PERFORMANCE INDICATORS AND PERFORMANCE HIGHLIGHTS
The following key performance indicators are closely monitored to ensure that business strategies and objectives are closely aligned with shareholder value creation. The key performance indicators are not measurements in accordance with IFRS and should not be considered an alternative to other measures of performance in accordance with IFRS. The Corporation's method of calculating key performance indicators may differ from other companies and, accordingly, these key performance indicators may not be comparable to similar measures presented by other companies. The Corporation measures its performance, with regard to these objectives by monitoring revenue, adjusted EBITDA(1), free cash flow(1) and capital intensity(1) on a constant currency basis(1).
(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) Following the announcement of the agreement on February 27, 2019 to sell Cogeco Peer 1, fiscal 2019 financial guidelines were revised.
(3) Actual results are presented in constant currency based on fiscal 2018 average foreign exchange rates of 1.2773 USD/CDN.
For further details on the Corporation's operating results, please refer to the "Operating and financial results", the "Segmented operating and financial results" and the "Cash flow analysis" sections.
Table:
(in millions of dollars, except percentages) | Actual Fiscal 2018 (1) $ | Revised projections (2) Fiscal 2019 (constant currency) (3) | Actual Fiscal 2019 (constant currency) (3) $ | Actual Fiscal 2019 (constant currency) (3) % | Achievement of the projections Fiscal 2019
Financial guidelines |  |  |  |  | 
Revenue | 2,147 | Increase of 6% to 8% | 2,294 | 6.8 | Achieved
Adjusted EBITDA | 1,007 | Increase of 8% to 10% | 1,092 | 8.5 | Achieved
Acquisitions of property, plant and equipment | 458 | $450 to $470 | 425 | (7.1) | Surpassed
Capital intensity | 21.3% | 20% to 21% | 18.5% | - | Surpassed
Free cash flow | 302 | Increase of 38% to 45% | 453 | 50.0 | Surpassed


Question: What was the increase / (decrease) in the revenue from 2018 to 2019?
Answer: 147
Calculation: 2,294 - 2,147
Allocation of Goodwill to Reporting Segment
The following table shows our goodwill balances by reportable segment:
As noted above, it was determined under a quantitative assessment that there was no impairment of goodwill. However, if we become aware of indicators of impairment in future periods, we may be required to perform an interim assessment for some or all of our reporting units before the next annual assessment. Examples of such indicators may include a decrease in expected net earnings, adverse equity market conditions, a decline in current market multiples, a decline in our common stock price, a significant adverse change in legal factors or business climates, an adverse action or assessment by a regulator, unanticipated competition, strategic decisions made in response to economic or competitive conditions, or a more likely than not expectation that a reporting unit or a significant portion of a reporting unit will be sold or disposed of. In the event of significant adverse changes of the nature described above, we may have to recognize a non-cash impairment of goodwill, which could have a material adverse effect on our consolidated financial condition and results of operations.
Table:
(In millions) | Food Care | Product Care | Total
Gross Carrying Value at December 31, 2017 | $ 576.5 | $ 1,554.1 | $ 2,130.6
Accumulated impairment | (49.6 ) | (141.2) | (190.8)
Carrying Value at December 31, 2017 | $ 526.9 | $ 1,412.9 | $ 1,939.8
Acquisition, purchase price and other adjustments | (0.6 ) | 18.2 | 17.6
Currency translation | (6.6 ) | (3.2) | (9.8)
Gross Carrying Value at December 31, 2018 | $ 568.9 | $ 1,568.9 | $ 2,137.8
Accumulated impairment | (49.2 ) | (141.0) | (190.2)
Carrying Value at December 31, 2018 | $ 519.7 | $ 1,427.9 | $ 1,947.6
Acquisition, purchase price and other adjustments | 6.3 | 257.0 | 263.3
Currency translation | 2.0 | 4.1 | 6.1
Gross Carrying Value at December 31, 2019 | $ 577.2 | $ 1,830.0 | $ 2,407.2
Accumulated impairment | (49.3 ) | (141.0) | (190.3)
Carrying Value at December 31, 2019 | $ 527.9 | $ 1,689.0 | $ 2,216.9


Question: What is the average annual growth rate of Carrying value for Food Care for years 2017-2019?
Answer: 0.11
Calculation: [(519.7-526.9)/526.9+(527.9-519.7)/519.7]/2
The following are the significant assumptions adopted in measuring the Company’s pension and other benefit obligations:
For certain Canadian post-retirement plans the above trend rates are applicable for 2019 to 2024 which will increase linearly to 4.75% in 2029 and grading down to an ultimate rate of 3.57% per annum in 2040 and thereafter.
Table:
As at December 31, | Pension 2019 | Other 2019 | Pension 2018 | Other 2018
Actuarial benefit obligation |  |  |  | 
Discount rate | 3.20% | 2.95% to 3.20% | 3.80% | 3.80% to 4.00%
Benefit costs for the year ended |  |  |  | 
Discount rate | 3.90% | 3.90% to 4.00% | 3.60% | 3.25% to 3.60%
Future salary growth | 2.50% | N/A | 2.50% | N/A
Health care cost trend rate | N/A | 3.49% to 5.49% | N/A | 4.50%
Other medical trend rates | N/A | 4.00% to 4.56% | N/A | 4.50%


Question: What is the total pension discount rate for actuarial benefit obligation for 2018 and 2019?
Answer: 7
Calculation: 3.20 + 3.80
Summarized financial information of Hilli LLC
The assets and liabilities of Hilli LLC(1) that most significantly impacted our consolidated balance sheet as of December 31, 2019 and 2018, are as follows:
(1) As Hilli LLC is the primary beneficiary of the Hilli Lessor VIE (see above) the Hilli LLC balances include the Hilli Lessor VIE.
Table:
(in thousands of $) | 2019 | 2018
Balance sheet |  | 
Current assets | 64,507 | 172,554
Non-current assets | 1,300,065 | 1,392,710
Current liabilities | (496,029) | (278,728)
Non-current liabilities | (418,578) | (842,786)


Question: Who is the primary beneficiary of the Hilli Lessor VIE ?
Answer: Hilli LLC
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
For the years ended December: (in millions)
(1) Excludes approximately $5.6 million of reserves related to notes receivable and tax refund receivables originated in 2016.
(2) Excludes approximately $0.4 million of reserves related to non-trade receivables.
(3) Amounts represent gross revenue and cost reversals to the estimated sales returns and allowances accounts.
(4) Amounts in 2019 and 2018 are reported within accrued expenses and other current liabilities, as Product Returns Liability (see Note 4 and 9).
(5) Amounts in 2019 and 2018 are reported within prepaid expenses and other current assets.
Table:
Description | Balance at Beginning of Period |  | Write-offs | Other | Balance at End of Period
Allowance for doubtful accounts |  |  |  |  | 
2019 | $1.0 | $1.0 | $(0.8) | $0.0 | $1.2 (1)
2018 | $1.1 | $0.7 | $(0.8) | $0.0 | $1.0 (1)
2017 | $9.1 | $1.0 | $(0.9) | $0.0 | $1.1 (1) (2)
Allowance for sales returns (4) |  |  |  |  | 
2019 | $0.0 | $0.0 | $0.0 | $0.0 | $0.0
2018 | $0.0 | $0.0 | $0.0 | $0.0 | $0.0
2017 | $1.4 | $1.4 | $0.0 | $(1.4) (3) | $1.4
Allowance for inventory returns (5) |  |  |  |  | 
2019 | $0.0 | $0.0 | $0.0 | $0.0 | $0.0
2018 | $0.0 | $0.0 | $0.0 | $0.0 | $0.0
2017 | $(0.6) | $(0.5) | $0.0 | $0.6 (3) | $(0.5)
Allowance for deferred tax assets |  |  |  |  | 
2019 | $18.3 | $(0.3) | $0.0 | $(1.2) | $16.8)
2018 | $18.3 | $(0.3) | $0.0 | $0.3 | $18.3
2017 | $69.0 | $(28.6) | $(2.9) | $(19.2) | $18.3


Question: What is the total allowance for doubtful accounts charged to expenses between 2017 to 2019?
Answer: 2.7
Calculation: $1.0 + $0.7 + $1.0
This section highlights the Group’s transactions with its related parties, such as its subsidiaries and Key Management Personnel.
During the reporting period and previous reporting periods, Woolworths Group Limited advanced loans to, received and repaid loans from, and provided treasury, accounting, legal, taxation, and administrative services to other entities within the Group.
Entities within the Group also exchanged goods and services in sale and purchase transactions. All transactions occurred on the basis of normal commercial terms and conditions. Balances and transactions between the Company and its subsidiaries, which are related parties of the Company, have been eliminated on consolidation and are not disclosed in this note.
All transactions with directors and Key Management Personnel (including their related parties) were conducted on an arm’s length basis in the ordinary course of business and under normal terms and conditions for customers and employees. Related parties of Key Management Personnel who are employees received normal employee benefits on standard terms and conditions.
The total remuneration for Key Management Personnel of the Group is as follows:
Details of equity instruments provided as compensation to Key Management Personnel and shares issued on exercise of these instruments, together with the terms and conditions of the instruments, are disclosed in the Remuneration Report.
Table:
 | 2019 | 2018
 | $ | $
Short-term employee benefits | 12,175,184 | 14,217,931
Post employment benefits | 322,733 | 297,319
Other long-term benefits | 161,569 | 139,776
Share-based payments | 9,177,425 | 6,594,300
 | 21,836,911 | 21,249,326


Question: What is the average post employment benefits for 2018 and 2019?
Answer: 310026
Calculation: (322,733 + 297,319)/2
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: As of December 31, 2019, how long was the weighted-average maturity date of the Company's investment in corporate bonds and US treasury securities?
Answer: approximately five months.
REMUNERATION COMMITTEE REPORT
The table above shows the actual expenditure of the Group for employee pay and distributions to shareholders compared to the retained earnings of the Group.
Table:
RELATIVE IMPORTANCE OF SPEND ON PAY |  |  | 
Expenditure USDm | 2019 | 2018 | 2017
Dividends paid | - | - | 1.2
Purchase of outstanding treasury shares in TORM A/S | - | - | -
Purchase/disposals of treasury shares | - | - | -
Total | - | - | 1.2
Staff costs | 45.8 | 46.2 | 43.8
Retained earnings | 920.0 | 752.0 | 786.0


Question: In which year were the staff costs the largest?
Answer: 2018
Calculation: 46.2>45.8>43.8
Realization of net operating loss carryforwards and other deferred tax temporary differences are contingent upon future taxable earnings. The Company’s deferred tax assets were reviewed for expected utilization by assessing the available positive and negative factors surrounding their recoverability.
As of September 30, 2018, the Company’s remaining valuation allowance of approximately $105,000 related to state net operating loss carry forwards. During the fourth quarter of 2019, the Company reversed approximately $58,000 of its valuation allowance. This consisted of decreasing the valuation allowance for the expiration and utilization of state net operating losses in 2019 of approximately $68,000 and increasing the valuation allowance by approximately $10,000 for future expected NOL utilization based on updated profitability estimates and changes to the loss utilization rules. The remaining valuation allowance balance as of September 30, 2019 of approximately $47,000 relates entirely to state net operating loss carry forwards we do not expect to utilize. The Company will continue to assess the assumptions used to determine the amount of our valuation allowance and may adjust the valuation allowance in future periods based on changes in assumptions of estimated future income and other factors. If the valuation allowance is reduced, we would record an income tax benefit in the period the valuation allowance is reduced. If the valuation allowance is increased, we would record additional income tax expense.
Significant components of deferred income tax assets and liabilities are as follows at:
Table:
 | September 30, 2019 | September 30, 2018
Deferred income tax assets (liabilities): |  | 
Intangibles | $(75,190) | $(70,467)
Property and equipment depreciation | (521,586) | (552,119)
Net operating loss carry forwards and credits | 377,505 | 464,274
Stock-based compensation | 114,118 | 151,558
Inventories | 350,197 | 400,111
Prepaid expenses | (63,252) | (60,806)
Accrued expenses and reserves | 371,414 | 250,787
Goodwill | (607,882) | (583,415)
Gross deferred tax liability | (54,676) | (77)
Valuation allowance | (47,014) | (104,858)
Net deferred tax liability | $(101,690) | $(104,935)


Question: What is the gross deferred tax liability as of September 30, 2018?
Answer: 77
14. Income Taxes
Income before income taxes is as follows (in millions):
Table:
 |  | Year Ended | 
 | April 26, 2019 | April 27, 2018 | April 28, 2017
Domestic | $ 678 | $ 589 | $ 166
Foreign | 590 | 610 | 455
Total | $ 1,268 | $ 1,199 | $ 621


Question: What was the foreign income before income taxes in 2018?
Answer: 610
3 Investments
The investment in Sophos Holdings Limited, a holding company for the Sophos Group, comprises 100% of the ordinary share capital.
The investment in Sophos Limited comprises share-based payment expenses for equity awards granted to participants employed by Sophos Limited and its subsidiaries.
Table:
 | 31 March 2019 | 31 March 2018
 | $M | $M
Investment in Sophos Holdings Limited | 1,035.8 | 1,035.8
Investment in Sophos Limited | 94.8 | 63.3
At 31 March | 1,130.6 | 1,099.1


Question: In which year was the amount at the end of the fiscal year larger?
Answer: 2019
Calculation: 1,130.6>1,099.1
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 Provision (benefit) for income taxes in 2018?
Answer: 6
Intangible assets
Intangible assets include the value assigned to completed technologies, customer relationships, and trade names. The estimated useful lives for all of these intangible assets, range from two to seven years. Intangible assets as of September 30, 2019 and 2018 are summarized as follows(amounts shown in thousands, except for years):
Amortization expense related to acquired intangible assets was $7.0 million, $4.0 million, and $0.6 million for fiscal years ended September 30, 2019, 2018, and 2017, respectively and is recorded in acquisition-related costs and expenses in the consolidated statements of operations.
Table:
September 30, 2019: | Weighted Average Amortization Period | Cost | Accumulated Amortization | Net
Completed technologies | 6.4 years | $20,341 | $7,104 | $13,237
Customer relationships | 4.8 years | 17,628 | 6,701 | 10,927
Trade names | 4.5 years | 618 | 377 | 241
Total intangible assets |  | $38,587 | $14,182 | $24,405


Question: What does intangible assets include?
Answer: the value assigned to completed technologies, customer relationships, and trade names
In accordance with ASC 740-10, Income Taxes, the Company has adopted the accounting policy that interest and penalties recognized are classified as part of its income taxes
The following shows the changes in the gross amount of unrecognized tax benefits as of December 31, 2019 (in thousands):
The Company does not anticipate that its total unrecognized tax benefits will significantly change due to settlement of examination or the expiration of statute of limitations during the next 12 months.
The Company files U.S. and foreign income tax returns with varying statutes of limitations. Due to the Company’s net carry-over of unused operating losses and tax credits, all years from 2003 forward remain subject to future examination by tax authorities
Table:
 | 2019 | 2018 | 2017
Unrecognized tax benefits, beginning of the year | $6,029 | $3,004 | $2,460
Increases related to prior year tax position | — | 1,050 | —
Decreases related to prior year tax positions | (48) | — | (3)
Increases related to current year tax positions | 2,984 | 1,975 | 547
Unrecognized tax benefits, end of year | $8,965 | 6,029 | 3,004


Question: What is the percentage change in the unrecognized tax benefits, beginning of the year between 2017 and 2018?
Answer: 22.11
Calculation: (3,004 - 2,460)/2,460
Note 20. Income Taxes
The Company’s income before income taxes consisted of the following (in thousands):
Table:
 |  | Years Ended December31, | 
 | 2019 | 2018 | 2017
Domestic (U.S., state and local) | $38,672 | $6,971 | $9,662
Foreign | 47,251 | 49,946 | 71,645
 | $85,923 | $56,917 | $81,307


Question: What was the total income before income taxes in 2019?
Answer: $85,923
Note 10. EQUITY INVESTMENTS
Our equity investments consist of equity investments with readily determinable fair value, investments without readily determinable fair value, equity investments accounted for using the fair value option, and equity method investments.
Our share of earnings (losses) from equity investments accounted for under the equity method is reflected as ‘‘Equity in earnings (losses) of unconsolidated investees’’ in our consolidated statements of operations. Mark-to-market gains and losses on equity investments with readily determinable fair value are reflected as ‘‘other, net’’ under other income (expense), net in our consolidated statements of operations. The carrying value of our equity investments, classified as ‘‘other long-term assets’’ on our consolidated balance sheets, are as follows:
Table:
 | As of | 
(In thousands) | December 29, 2019 | December 30, 2018
Equity investments with readily determinable fair value: |  | 
Enphase Energy, Inc | $173,908 | $36,225
Total equity investments with readily determinable fair value | 173,908 | 36,225
Equity investments without readily determinable fair value: |  | 
Project entities | 2,677 | 2,951
Other equity investments without readily determinable fair value | 5,859 | 5,859
Total equity investments without readily determinable fair value | 8,536 | 8,810
Equity investments with fair value option: |  | 
SunStrong Capital Holdings, LLC | 8,000 | 8,831
SunStrong Partners, LLC | 9,500 | —
8point3 Solar Investco 3 Holdings, LLC | — | —
Total equity investment with fair value option | 17,500 | 8,831
Equity method investments |  | 
Huansheng Corporation | 26,533 | 32,784
Project entities | 125 | 2,044
Total equity method investments | 26,658 | 34,828
Total equity investments | $226,602 | $88,694


Question: What was the percentage change in total equity investments from 2018 to 2019?
Answer: 155.49
Calculation: ($226,602 - $88,694)/$88,694
3.3 DEPRECIATION AND AMORTIZATION
(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.
Fiscal 2019 depreciation and amortization expense increased by 10.9% resulting mainly from the impact of the MetroCast acquisition combined with additional depreciation from the acquisitions of property, plant and equipment during the fiscal year and the appreciation of the US dollar against the Canadian dollar compared to the prior year.
Table:
Years ended August 31, | 2019 | 2018 (1) | Change
(in thousands of dollars, except percentages) | $ | $ | %
Depreciation of property, plant and equipment | 423,432 | 387,726 | 9.2
Amortization of intangible assets | 57,293 | 45,928 | 24.7
 | 480,725 | 433,654 | 10.9


Question: Fiscal 2018 was reinstated to which accounting standard?
Answer: IFRS 15