hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
part i item 1 entergy corporation , domestic utility companies , and system energy employment litigation ( entergy corporation , entergy arkansas , entergy gulf states , entergy louisiana , entergy mississippi , entergy new orleans , and system energy ) entergy corporation and the domestic utility companies are defendants in numerous lawsuits that have been filed by former employees alleging that they were wrongfully terminated and/or discriminated against on the basis of age , race , sex , and/or other protected characteristics . entergy corporation and the domestic utility companies are vigorously defending these suits and deny any liability to the plaintiffs . however , no assurance can be given as to the outcome of these cases , and at this time management cannot estimate the total amount of damages sought . included in the employment litigation are two cases filed in state court in claiborne county , mississippi in december 2002 . the two cases were filed by former employees of entergy operations who were based at grand gulf . entergy operations and entergy employees are named as defendants . the cases make employment-related claims , and seek in total $ 53 million in alleged actual damages and $ 168 million in punitive damages . entergy subsequently removed both proceedings to the federal district in jackson , mississippi . entergy cannot predict the ultimate outcome of this proceeding . research spending entergy is a member of the electric power research institute ( epri ) . epri conducts a broad range of research in major technical fields related to the electric utility industry . entergy participates in various epri projects based on entergy's needs and available resources . the domestic utility companies contributed $ 1.6 million in 2004 , $ 1.5 million in 2003 , and $ 2.1 million in 2002 to epri . the non-utility nuclear business contributed $ 3.2 million in 2004 and $ 3 million in both 2003 and 2002 to epri . employees employees are an integral part of entergy's commitment to serving its customers . as of december 31 , 2004 , entergy employed 14425 people . u.s . utility: .

Table:
entergy arkansas | 1494
entergy gulf states | 1641
entergy louisiana | 943
entergy mississippi | 793
entergy new orleans | 403
system energy | -
entergy operations | 2735
entergy services | 2704
entergy nuclear operations | 3245
other subsidiaries | 277
total full-time | 14235
part-time | 190
total entergy | 14425
approximately 4900 employees are represented by the international brotherhood of electrical workers union , the utility workers union of america , and the international brotherhood of teamsters union. .

Question: what percent of total full-time employees are in entergy gulf states ?
Answer: 12%
Calculation: divide(1641, 14235)
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 gross profit from operations in 2018 and 2019 respectively?
Answer: 67.0, 11.3
28. Contingent liabilities and legal proceedings
Contingent liabilities are potential future cash outflows, where the likelihood of payment is considered more than remote, but is not considered probable or cannot be measured reliably.
Notes: 1 Performance bonds require the Group to make payments to third parties in the event that the Group does not perform what is expected of it under the terms of any related contracts or commercial arrangements
2 Other guarantees principally comprise Vodafone Group Plc’s guarantee of the Group’s 50% share of an AUD1.7 billion loan facility and a US$3.5 billion loan facility of its joint venture, Vodafone Hutchison Australia Pty Limited. The Group’s share of these loan balances is included in the net investment in joint venture (see note 12 “Investments in associates and joint arrangements”).
Table:
 | 2019 | 2018
 | €m | €m
Performance bonds1 | 337 | 993
Other guarantees and contingent liabilities2 | 2,943 | 4,036


Question: What does contingent liabilities consist of?
Answer: Performance bonds, Other guarantees and contingent liabilities
11. Income Taxes
The geographical breakdown of loss before income taxes is as follows (in thousands):
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Domestic loss | $(20,345) | $(29,658) | $(13,752)
Foreign income | 3,933 | 3,123 | 4,207
Loss before income taxes | $(16,412) | $(26,535) | $(9,545)


Question: What is the company's domestic loss in 2018?
Answer: $(29,658)
B. Business Overview
Our Fleet
Our fleet currently consists of 23 Suezmax crude oil tankers, of which the vast majority have been built in Korea. The majority of our vessels are employed in the spot market, together with one vessel currently on a longer term time charter agreement expiring in 2021 or later. The vessels are considered homogenous and interchangeable as they have approximately the same freight capacity and ability to transport the same type of cargo.
Table:
Vessel | Built in  | Deadweight Tons   | Delivered to NAT in
Nordic Freedom | 2005 | 159,331 | 2005
Nordic Moon | 2002 | 160,305 | 2006
Nordic Apollo | 2003 | 159,998 | 2006
Nordic Cosmos | 2003 | 159,999 | 2006
Nordic Grace | 2002 | 149,921 | 2009
Nordic Mistral | 2002 | 164,236 | 2009
Nordic Passat | 2002 | 164,274 | 2010
Nordic Vega | 2010 | 163,940 | 2010
Nordic Breeze | 2011 | 158,597 | 2011
Nordic Zenith | 2011 | 158,645 | 2011
Nordic Sprinter | 2005 | 159,089 | 2014
Nordic Skier | 2005 | 159,089 | 2014
Nordic Light | 2010 | 158,475 | 2015
Nordic Cross | 2010 | 158,475 | 2015
Nordic Luna | 2004 | 150,037 | 2016
Nordic Castor | 2004 | 150,249 | 2016
Nordic Sirius | 2000 | 150,183 | 2016
Nordic Pollux | 2003 | 150,103 | 2016
Nordic Star | 2016 | 159,000 | 2016
Nordic Space | 2017 | 159,000 | 2017
Nordic Aquarius | 2018 | 157,000 | 2018
Nordic Cygnus | 2018 | 157,000 | 2018
Nordic Tellus | 2018 | 157,000 | 2018


Question: What is the average weight of Nordic Freedom and Nordic Moon?
Answer: 159818
Calculation: (159,331 + 160,305)/2
No deferred tax assets were capitalised for the following tax loss carry-forwards and interest carry-forwards or temporary differences because realisation of the assets in the short-to-medium term is not expected:
The loss carry-forwards as of the closing date predominantly concern the German consolidation group. They can be carried forward without limitation.
Table:
€ million | 30/9/2018 | 30/9/2019
Corporate tax losses | 4,320 | 4,883
Trade tax losses | 3,296 | 3,679
Interest carry-forwards | 57 | 83
Temporary differences | 104 | 120


Question: What was the percentage change in interest carry-forwards in FY2019 from FY2018?
Answer: 45.61
Calculation: (83-57)/57
EXPLANATORY INFORMATION
For the years ended December 31, 2019 and 2018, accounting for outstanding share-based payments using the equity-settled method for stock-based compensation was determined to be more dilutive than using the cash-settled method. As a result, net income for the year ended December 31, 2019 was reduced by $6 million (2018 – $2 million) in the diluted earnings per share calculation.
For the year ended December 31, 2019, there were 1,077,875 options out of the money (2018 – 37,715) for purposes of the calculation of earnings per share. These options were excluded from the calculation of the effect of dilutive securities because they were anti-dilutive.
Table:
 | Years ended December 31 | 
(In millions of dollars, except per share amounts) | 2019 | 2018
Numerator (basic) – Net income for the year | 2,043 | 2,059
Denominator – Number of shares (in millions): Weighted average number of shares outstanding – basic | 512 | 515
Effect of dilutive securities (in millions): Employee stock options and restricted share units | 1 | 1
Weighted average number of shares outstanding – diluted | 513 | 516
Earnings per share: |  | 
Basic | $3.99 | $4.00
Diluted | $3.97 | $3.99


Question: How much did the net income reduced for the year ended December 31, 2019?
Answer: net income for the year ended December 31, 2019 was reduced by $6 million (2018 – $2 million) in the diluted earnings per share calculation.
Stock Repurchases. On August 22, 2011, we established a share repurchase program ("Share Repurchase Program"). On June 11, 2019, our Board of Directors authorized an extension and increase of the Share Repurchase Program to repurchase up to $5,000,000 of shares of our common stock over the subsequent 24 month period (for a total authorization of approximately $22,000,000 since inception of the program in August 2011). The common stock may be repurchased from time to time in open market transactions or privately negotiated transactions in our discretion. The timing and amount of the shares repurchased is determined by management based on its evaluation of market conditions and other factors. The Share Repurchase Program may be increased, suspended or discontinued at any time.
During the months of October, November and December 2019, we repurchased common stock pursuant to our Share Repurchase Program as indicated below:
During the year ended December 31, 2019, we repurchased an aggregate of 335,372 shares of our common stock pursuant to our Share Repurchase Program at a cost of approximately $764,606 (exclusive of commissions) or an average price per share of $2.28.
During the year ended December 31, 2019, we repurchased an aggregate of 335,372 shares of our common stock pursuant to our Share Repurchase Program at a cost of approximately $764,606 (exclusive of commissions) or an average price per share of $2.28.
Since inception of our Share Repurchase Program (August 2011) to December 31, 2019, we repurchased an aggregate of 8,489,770 shares of our common stock at a cost of approximately $15,906,846 (exclusive of commissions) or an average per share price of $1.87.
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, 2019 to October 31, 2019 | — | — | — | $4,803,723
November 1, 2019 to November 30, 2019 | 11,386 | $2.12 | 11,386 | $4,779,620
December 1, 2019 to December 31, 2019 | 153,431 | $2.18 | 153,431 | $4,445,258
Total | 164,817 | $2.17 | 164,817 | 


Question: How many shares did the company purchase prior to October 1, 2019 for 2019?
Answer: 170555
Calculation: 335,372 - 164,817
NOTE 4 - PREPAID EXPENSES AND OTHER CURRENT ASSETS & PATENTS AND INTANGIBLE ASSETS
Prepaid Expenses and Other Current Assets
The components of prepaid expenses and other current assets are as presented below:
During 2019, tax refunds from the Internal Revenue Service of $5.0 million were received for the prepayment made during 2018.
Table:
 | As of December 31, | 
 | 2019 | 2018
 | (in thousands) | 
Prepaid income taxes | $— | $5,429
Other prepaid expenses and other current assets | 288 | 1,151
 | $288 | $6,580


Question: What is the value of tax refunds from the Internal Revenue Service in 2019?
Answer: $5.0 million
On a worldwide basis, the Company's defined benefit pension plans were 88% funded as of January 31, 2019.
As of January 31, 2019, the aggregate accumulated benefit obligation was $85.1 million for the defined benefit pension plans compared to $139.5 million as of January 31, 2018. Included in the aggregate data in the following tables are the amounts applicable to the Company's defined benefit pension plans, with accumulated benefit obligations in excess of plan assets, as well as plans with projected benefit obligations in excess of plan assets. Amounts related to such plans at the end of each period were as follows: because their exercise prices are higher than the average market value of Autodesk’s stock during the fiscal year.
Table:
 | Fiscal Year Ended January 31, | 
 | 2019 | 2018
Plans with accumulated benefit obligations in excess of plan assets: |  | 
Accumulated benefit obligations | $75.6 | $130.7
Plan assets | 70.0 | 112.1
Plans with projected benefit obligations in excess of plan assets: |  | 
Projected benefit obligations | $91.6 | $158.1
Plan assets | 80.8 | 121.1


Question: What was the change in the aggregate accumulated benefit obligation from 2018 to 2019?
Answer: 54.4
Calculation: 139.5-85.1
Results of Operations: Years Ended December 31, 2018, versus Year Ended December 31, 2017 (Amounts in thousands, except percentages and per share amounts):
Capital Resources
Long-term debt was comprised of the following:
On February 12, 2019, we entered into an amended and restated five-year Credit Agreement with a group of banks (the "Credit Agreement") to extend the term of the facility. The Credit Agreement provides for a revolving credit facility of $300,000, which may be increased by $150,000 at the request of the Company, subject to the administrative agent's approval. This new unsecured credit facility replaces the prior $300,000 unsecured credit facility, which would have expired August 10, 2020. Borrowings of $50,000 under the prior credit agreement were refinanced into the Credit Agreement. The prior agreement was terminated as of February 12, 2019.
The Revolving Credit Facility includes a swing line sublimit of $15,000 and a letter of credit sublimit of $10,000. Borrowings under the Revolving Credit Facility bear interest at the base rate defined in the Credit Agreement. We also pay a quarterly commitment fee on the unused portion of the Revolving Credit Facility. The commitment fee ranges from 0.20% to 0.30% based on the our total leverage ratio.
We have entered into interest rate swap agreements to fix interest rates on $50,000 of long-term debt through February 2024. The difference to be paid or received under the terms of the swap agreements is recognized as an adjustment to interest expense when settled.
We have historically funded our capital and operating needs primarily through cash flows from operating activities, supported by available credit under our Revolving Credit Facility. We believe that cash flows from operating activities and available borrowings under our Revolving Credit Facility will be adequate to fund our working capital needs, capital expenditures, and debt service requirements for at least the next twelve months. However, we may choose to pursue additional equity and debt financing to provide additional liquidity or to fund acquisitions.
Table:
 | As of December 31, | 
 | 2019 | 2018
Total credit facility | $300,000 | $300,000
Balance Outstanding | $99,700 | $50,000
Standby letters of credit | $1,800 | $1,940
Amount available | $198,500 | $248,060
Weighted-average interest rate | 3.25% | 3.10%
Commitment fee percentage per annum | 0.23% | 0.20%


Question: What was the change in balance outstanding between 2018 and 2019?
Answer: 49700
Calculation: 99,700-50,000
Contract Balances
The following table provides information about contract assets and contract liabilities from contracts with customers.
Contract assets primarily result from revenue being recognized when or as control of a solution or service is transferred to the customer, but where invoicing is delayed until the completion of other performance obligations or payment terms differ from the provisioning of services. The current portion of contract assets is reported within prepaid expenses and other in the consolidated balance sheet, and the non-current portion is included in other non-current assets. Contract liabilities (deferred revenue) primarily relate to consideration received from customers in advance of delivery of the related goods and services to the customer. Contract balances are reported in a net contract asset or liability position on a contract-by-contract basis at the end of each reporting period.
The Company analyzes contract language to identify if a significant financing component does exist, and would adjust the transaction price for any material effects of the time value of money if the timing of payments provides either party to the contract with a significant benefit of financing the transaction.
During the fiscal years ended June 30, 2019, 2018, and 2017, the Company recognized revenue of $265,946, $269,593, and $264,517, respectively, that was included in the corresponding deferred revenue balance at the beginning of the periods.
Revenue recognized that related to performance obligations satisfied (or partially satisfied) in prior periods were immaterial for each period presented. These adjustments are primarily the result of transaction price adjustments and re-allocations due to changes in estimates of variable consideration.
Table:
 | June 30, 2019 | June 30, 2018
Receivables, net | $310,080 | $297,271
Contract Assets- Current | 21,446 | 14,063
Contract Assets- Non-current | 50,640 | 35,630
Contract Liabilities (Deferred Revenue)- Current | 339,752 | 328,931
Contract Liabilities (Deferred Revenue)- Non-current | 54,554 | 40,984


Question: What is the average net receivables for 2018 and 2019?
Answer: 303675.5
Calculation: (310,080+297,271)/2
The reconciliation between U.S. federal income taxes at the statutory rate and income tax expense (benefit) was as follows:
(1) The U.S. federal statutory rate was 21% for fiscal 2019, 24.58% for fiscal 2018, and 35%
for fiscal 2017.
(2) Excludes items which are separately presented.
The income tax benefit for fiscal 2019 included a $216 million income tax benefit related to the tax impacts of certain measures of the Switzerland Federal Act on Tax Reform and AHV Financing (“Swiss Tax Reform”), a $90 million income tax benefit related to the effective settlement of a tax audit in a non-U.S. jurisdiction, and $15 million of income tax expense associated with the tax impacts of certain legal entity restructurings and intercompany transactions. See “Swiss Tax Reform” below for additional information regarding Swiss Tax Reform.
The income tax benefit for fiscal 2018 included a $1,222 million net income tax benefit associated with the tax impacts of certain legal entity restructurings and intercompany transactions that occurred in the quarter ended September 28, 2018. The net income tax benefit of $1,222 million related primarily to the recognition of certain non-U.S. loss carryforwards and basis differences in subsidiaries expected to be utilized against future taxable income, partially offset by a $46 million increase in the valuation allowance for certain U.S. federal tax credit carryforwards. The income tax benefit for fiscal 2018 also included $567 million of income tax expense related to the tax impacts of the Tax Cuts and Jobs Act (the “Act”) and a $61 million net income tax benefit related to the tax impacts of certain legal entity restructurings that occurred in the quarter ended December 29, 2017. See “Tax Cuts and Jobs Act” below for additional information regarding the Act.
The income tax expense for fiscal 2017 included a $52 million income tax benefit associated with the tax impacts of certain intercompany transactions and the corresponding reduction in the valuation allowance for U.S. tax loss carryforwards, a $40 million income tax benefit related to share-based payments and the adoption of ASU No. 2016-09, and a $14 million income tax benefit associated with pre-separation tax matters.
Table:
 |  | Fiscal | 
 | 2019 | 2018 | 2017
 |  | (in millions) | 
Notional U.S. federal income tax expense at the statutory rate (1) | $ 406 | $ 551 | $ 602
Adjustments to reconcile to the income tax expense (benefit): |  |  | 
U.S. state income tax benefit, net | (5) | (7) | (4)
Tax law changes | 15 | 638 | 7
Tax credits | (22) | (8) | (8)
Non-U.S. net earnings(2) | (166) | (213) | (355)
Change in accrued income tax liabilities | (61) | 13 | 24
Valuation allowance | (163) | 33 | (1)
Legal entity restructuring and intercompany transactions | 3 | (1,329) | (40)
Excess tax benefits from share-based payments | (8) | (24) | (40)
Other | (14) | 2 | (5)
Income tax expense (benefit) | $ (15) | $ (344) | $ 180


Question: What was the statutory rate used in fiscal 2019 when calculating the Notional U.S. federal income tax expense?
Answer: 21%
Free cash flow generation
Bridge from operating income to free cash flow (illustrative)
Focus on delivering a high conversion of operating income to free cash flow of operating income to free cash flow
of operating income to free cash flow
Ongoing activities to reduce costs “below operating income”, including restructuring, financial net and tax
Striving to maintain working capital efficiency but fluctuations may impact cash flow
Planning assumption for capex is about 2% of net sales, while expected to remain above 2% in 2020 due to the new factory in the US
Ambition to over time maintain restructuring charges to around 1% of net sales
M&A will vary depending on strategic decisions but assumed to be around 1–2% of net sales
Operating margin excluding restructuring charges. All numbers are in relation to net sales.
1) Restructuring charges as reported in the income statement for each year.
Table:
 | 2018 | 2019 | Ambition
Operating margin | 4.4% | 5.0% | >12%
financial net, tax and other | -3.8% | -2.5% | -4%
+ depreciation and amortization | +3.9% | +2.9% | +3 to 4%
+ depreciation of leased assets | – | +1.1% | +1%
± change in working capital | +3.7% | +1.0% | ±0
- capex | - 2.4% | -2.8% | -2%
- leasing payment | - | -1.3% | -1%
-  restructuring costs1) | -3.8% | -0.4% | -1%
Free cash flow (before M&A) | 2.0% | 3.4% | >8%
- M&A | -0.6% | -0.7% | ~1 to -2%


Question: Which year has a higher free cash flow (before M&A)?
Answer: 2019
Calculation: 3.4%>2.0%