hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Administrative expenses
The Group has adopted IFRS 16 ‘Leases’ in the period, which impacts Other costs and Depreciation & amortisation within Operating profit. Property and vehicle rental charges are no longer included in other costs, and depreciation now includes depreciation on leased assets. Prior period comparatives have been restated to reflect these changes as the fully retrospective approach has been used.
Operating costs continue to be well controlled, with administrative expenses increasing by 3% to £112.3m (2018 restated: £108.8m).
People costs, which comprise all staff costs including third-party contractor costs, increased by 3% in the year to £56.4m (2018: £54.8m). The increase in people costs was driven primarily by underlying salary costs which increased due to strong competition for digital talent, however this has been partially offset by a reduction in average full-time equivalent employees (‘FTEs’) (including contractors) to 804 (2018: 824). The number of FTEs was particularly impacted in the fourth quarter by the transfer of 15 staff to Dealer Auction, our joint venture with Cox Automotive UK. Share-based payments, including applicable national insurance costs of £5.9m (2018: £3.7m), have been included within people costs. The year-on-year increase in the share-based payment charge was due to leavers under the Performance Share Plan in 2018 for which a credit was recognised in the prior year, and a change in the way senior management are remunerated. The Group now settles a greater proportion of the senior management incentive scheme in shares which increases the share-based payment charge with an offset realised within cash bonuses.
Marketing spend increased in line with revenue by 8% to £17.6m (2018: £16.3m), as we look to maintain and enhance our audience position and educate consumers on new products such as new car offerings and search by monthly payment.
Other costs, which include data services, property related costs and other overheads, remain well controlled and increased by 2% on a like-for-like basis to £29.4m (2018 restated: £28.7m).
Depreciation & amortisation remained broadly flat at £8.9m (2018 restated: £9.0m). Within this was depreciation of £2.0m in relation to lease assets (2018 restated: £1.9m).
1    2018 has been restated for the impact of IFRS 16.
Table:
 | 2019 | 2018 | 
Costs | £m | £m | Change
People costs | 56.4 | 54.8 | 3%
Marketing | 17.6 | 16.3 | 8%
Other costs | 29.4 | 28.7 | 2%
Depreciation and amortisation | 8.9 | 9.0 | (1%)
Total administrative expenses | 112.3 | 108.8 | 3%


Question: What are the components factored in when calculating the total administrative expenses?
Answer: People costs, Marketing, Other costs, Depreciation and amortisation
The Systems gross profit margin decrease year to year was driven by the mix away from IBM Z and margin declines in Power Systems and Storage Systems.
The pre-tax income decline was driven by the strong performance in IBM Z in the prior year and the continued investment in innovation across the Systems portfolio.
Table:
($ in millions) |  |  | 
For the year ended December 31: | 2018 | 2017 | Yr.-to-Yr. Percent/ Margin Change
Systems |  |  | 
External Systems Hardware gross profit | $2,590 | $2,893 | (10.5)%
External Systems Hardware gross profit margin | 40.7% | 44.6% | (3.8)pts
External Operating Systems Software gross profit | $1,412 | $1,469 | (3.9)%
External Operating Systems Software gross profit margin | 84.5% | 86.4% | (1.9)pts.
External total gross profit | $4,002 | $4,362 | (8.2)%
External total gross profit margin | 49.8% | 53.2% | (3.4)pts.
Pre-tax income | $ 904 | $1,128 | (19.9)%
Pre-tax margin | 10.2% | 12.6% | (2.4)pts.


Question: What led to decrease in pre-tax income?
Answer: The pre-tax income decline was driven by the strong performance in IBM Z in the prior year and the continued investment in innovation across the Systems portfolio.
Inventories.
Inventories are stated at the lower-of-cost or net realizable value. Cost is determined using the first-in, first-out method. Finished products and work-in-process inventories include direct material costs and direct and indirect manufacturing costs. The Company records reserves for inventory that may be obsolete or in excess of current and future market demand. A summary of inventories is shown below:
Table:
(Dollars in Millions) | April 27, 2019 | April 28, 2018
Finished Products | $40.2 | $15.4
Work in Process | 9.4 | 14.6
Materials | 67.1 | 54.1
Total Inventories | $116.7 | $84.1


Question: Which method is used to calculate cost?
Answer: first-in, first-out method
Fiscal 2019 compared to fiscal 2018
The following table sets forth our Consolidated Statements of Operations data as a percentage of net revenues for the periods indicated:
Note: The percentages may not add due to rounding.
Table:
 | Fiscal Year | 
 | 2019 | 2018
Net revenues | 100% | 100%
Cost of revenues | 22 | 21
Gross profit | 78 | 79
Operating expenses: |  | 
Sales and marketing | 32 | 33
Research and development | 19 | 20
General and administrative | 9 | 12
Amortization of intangible assets | 4 | 5
Restructuring, transition and other costs | 5 | 8
Total operating expenses | 70 | 78
Operating income | 8 | 1
Interest expense | (4) | (5)
Gain on divestiture | — | 14
Other expense, net | (1) | —
Income from continuing operations before income taxes | 2 | 9
Income tax expense (benefit) | 2 | (14)
Income from continuing operations | — | 23
Income from discontinued operations, net of income taxes | — | —
Net income | 1% | 24%


Question: What is the cost of revenue percentage for fiscal year 2019?
Answer: 22
CUSTOMER STATISTICS
(1) Excludes adjustments related to the migration to the new customer management system implemented during the third quarter of fiscal 2018.
(2) As a percentage of homes passed.
During the third quarter of fiscal 2018, the Canadian broadband services segment implemented a new customer management system, replacing 22 legacy systems. While the customer management system was still in the stabilization phase, contact center congestion resulted in lower services activations during most of the fourth quarter of fiscal 2018 and the first quarter of 2019. Contact center and marketing operations had returned to normal at the end of the first quarter of 2019.
Variations of each services are also explained as follows:
INTERNET Fiscal 2019 Internet service customers net additions stood at 5,966 compared to 14,173 for the prior year mainly due to: • the ongoing interest in high speed offerings; • the sustained interest in bundle offers; and • the increased demand from Internet resellers; partly offset by • competitive offers in the industry; and • contact center congestion during the stabilization period of the new customer management system.
VIDEO Fiscal 2019 video service customers net losses stood at 39,185 compared to 37,035 for the prior year as a result of: • highly competitive offers in the industry; • a changing video consumption environment; and • contact center congestion during the stabilization period of the new customer management system; partly offset by • customers' ongoing interest in digital advanced video services; and • customers' interest in video services bundled with fast Internet offerings.
TELEPHONY Fiscal 2019 telephony service customers net losses amounted to 23,333 compared to 32,987 for the prior year mainly due to: • technical issues with telephony activations following the implementation of the new customer management system which were resolved at the end of the first quarter; • increasing wireless penetration in North America and various unlimited offers launched by wireless operators causing some customers to cancel their landline telephony services for wireless telephony services only; partly offset by • growth in the business sector; and • more telephony bundles due to additional promotional activity in the second half of fiscal 2019.
DISTRIBUTION OF CUSTOMERS At August 31, 2019, 69% of the Canadian broadband services segment's customers enjoyed "double play" or "triple play" bundled services.
Table:
 |  | Net additions (losses) |  | % of penetration(2) | 
 | Years ended |  |  |  | 
 | August 31, | August 31, | August 31, | August 31, | August 31,
 | 2019 | 2019 | 2018(1) | 2019 | 2018
Primary service units | 1,810,366 | (56,552) | (55,849) |  | 
Internet service customers | 788,243 | 5,966 | 14,173 | 44.7 | 44.7
Video service customers | 649,583 | (39,185) | (37,035) | 36.8 | 39.3
Telephony service customers | 372,540 | (23,333) | (32,987) | 21.1 | 22.6


Question: What was the average increase / (decrease) in video service customers between 2018 and 2019?
Answer: -38110
Calculation: -(39,185 + 37,035) / 2
This section presents the Group’s contractual obligation to make a payment in the future in relation to purchases of property, plant and equipment, and lease commitments.
Capital expenditure and operating lease commitments of the Group at the reporting date are as follows:
The commitments set out above do not include contingent turnover rentals, which are charged on many retail premises leased by the Group. These rentals are calculated as a percentage of the turnover of the store occupying the premises, with the percentage and turnover threshold at which the additional rentals commence varying with each lease agreement.
The Group leases retail premises and warehousing facilities which are generally for periods up to 40 years. The operating lease commitments include leases for the Norwest office and distribution centres. Generally the lease agreements are for initial terms of between five and 25 years and most include multiple renewal options for additional five to 10-year terms. Under most leases, the Group is responsible for property taxes, insurance, maintenance, and expenses related to the leased properties. However, many of the more recent lease agreements have been negotiated on a gross or semi-gross basis, which eliminates or significantly reduces the Group’s exposure to operational charges associated with the properties.
From 1 July 2019, the Group adopted AASB 16 Leases and as a result the operating lease commitments set out above have been recognised in the Consolidated Statement of Financial Position, with the exception of the service component of lease payments. Refer to Note 1.2.6 for a reconciliation between the operating lease commitments at 30 June 2019 and the lease liabilities recognised at 1 July 2019.
Table:
 | 2019 | 2018
 | $M | $M
Capital expenditure commitments |  | 
Estimated capital expenditure under firm contracts, payable: |  | 
Not later than one year | 398 | 416
Later than one year, not later than two years | – | –
Later than two years, not later than five years | – | –
Total capital expenditure commitments | 398 | 416
Operating lease commitments |  | 
Future minimum rentals under non-cancellable operating leases, payable: |  | 
Not later than one year | 1,998 | 2,089
Later than one year, not later than five years | 7,415 | 7,484
Later than five years | 12,378 | 13,331
Total operating lease commitments | 21,791 | 22,904
Total commitments for expenditure | 22,189 | 23,320


Question: What is the percentage constitution of total capital expenditure commitments in the total commitments for expenditure in 2018?
Answer: 1.78
Calculation: 416/23,320
Consolidated Revenues
Consolidated revenues increased $1.0 billion, or 0.8%, during 2019 compared to 2018, primarily due to an increase in revenues at our Consumer segment, partially offset by decreases in revenues at our Business segment and Corporate and other.
Revenues for our segments are discussed separately below under the heading “Segment Results of Operations.”
Corporate and other revenues decreased $124 million, or 1.2%, during 2019 compared to 2018, primarily due to a decrease of $232 million in revenues within Verizon Media.
Table:
 |  |  | (dollars in millions) Increase/(Decrease) | 
Years Ended December 31, | 2019 | 2018 | 2019 vs. 2018 | 
Consumer | $ 91,056 | $ 89,762 | $ 1,294 | 1.4%
Business  | 31,443 | 31,534 | (91) | (0.3)
Corporate and other  | 9,812 | 9,936 | (124) | (1.2)
Eliminations  | (443) | (369) | (74) | 20.1
Consolidated Revenues | $131,868 | $130,863 | $ 1,005 | 0.8


Question: What was the average business segment revenue for 2018 and 2019?
Answer: 31488.5
Calculation: (31,443 + 31,534) / 2
Common Stock Outstanding
The following represents the common stock outstanding for the fiscal year ended:
(1) During fiscal years 2018, 2017 and 2016, the Company’s Board of Directors authorized the repurchase of $350.0 million, $450.0 million and $400.0 million, respectively, of the Company’s common stock under share repurchase programs, which were repurchased during fiscal years 2019, 2018 and 2017, respectively.
Table:
 |  | Fiscal Year Ended August 31, | 
 | 2019 | 2018 | 2017
Common stock outstanding: |  |  | 
Beginning balances | 164,588,172 | 177,727,653 | 186,998,472
Shares issued upon exercise of stock options | 11,348 | 30,832 | 172,620
Shares issued under employee stock purchase plan | 1,282,042 | 1,105,400 | 1,228,316
Vesting of restricted stock | 1,983,261 | 2,727,229 | 2,102,049
Purchases of treasury stock under employee stock plans | (489,836) | (793,052) | (550,096)
Treasury shares purchased(1) | (13,854,607) | (16,209,890) | (12,223,708)
Ending balances | 153,520,380 | 164,588,172 | 177,727,653


Question: What was the change in the Vesting of restricted stock between 2018 and 2019?
Answer: -743968
Calculation: 1,983,261-2,727,229
Asia Pacific
Asia Pacific net revenues decreased $1.4 million in 2019 compared to 2018 (see “Revenues” above). Asia Pacific expenses decreased $203,000 from 2018 to 2019. This decrease was primarily due to a $503,000 decrease of salary expense, offset partially by a $303,000 increase in member acquisition costs.
Foreign currency movements relative to the U.S. dollar negatively impacted our local currency loss from our operations in Asia Pacific by approximately $136,000 for 2019. Foreign currency movements relative to the U.S. dollar positively impacted our local currency loss from our operations in Asia Pacific by approximately $127,000 for 2018.
Table:
Year Ended December 31, |  | 
 | 2019 | 2018
(In thousands) |  | 
Revenues | $6,490 | $7,859
(Loss) from operations | $(7,488) | $(6,322)
(Loss) from operations as a % of revenues | (115)% | (80)%


Question: What is the amount of revenues in 2019 and 2018 respectively?
Answer: $6,490, $7,859
Accumulated Benefit Obligation
The following table provides information for the plans with an accumulated benefit obligation for fiscal years 2019 and 2018 (in thousands):
Table:
 | August 31, | 
 | 2019 | 2018
Projected benefit obligation | $174,690 | $161,104
Accumulated benefit obligation | $161,729 | $152,380
Fair value of plan assets | $158,101 | $151,715


Question: What was the percentage change in the fair value of plan assets between 2018 and 2019?
Answer: 4.21
Calculation: ($158,101-$151,715)/$151,715
Unrecognized deferred tax assets
Deferred tax assets have not been recognized in respect of the following items, given the volatile nature of the semi-conductor equipment industry. Therefore it is not probable that future taxable profit will be available to offset deductible temporary differences.
1 These credits regards R&D credits generated in the US, in the state of Arizona. However, ASMI does not recognize these credits stemming from prior years due to the fact that utilization of prior year credits is only possibly if and when the credits generated in the current year are fully utilized. Given the level of R&D activity in the US, the company does not expect it could fully utilize the credits generated in the current year and, hence, does not expect to benefit from the available credits generated in prior years.
Table:
 | 2019 | 
 | Gross amount | Tax effect
Deductible temporary differences | 20,642 | 4,842
Credits 1) | 15,221 | 15,221
Unrecognized deferred tax assets | 35,863 | 20,063


Question: What is the tax effect of Deductible temporary differences expressed as a ratio of gross Deductible temporary differences?
Answer: 0.23
Calculation: 4,842/20,642
Geographic Information
(1) Amounts by geography have been reclassified from prior year disclosure to reflect adjustments to our regional operating model. As of January 1, 2019, our geographic regions are: North America, EMEA, South America and APAC. Our North American operations include Canada, the United States, Mexico and Central America. Mexico and Central America were previously included in Latin America. Refer to Note 2, "Summary of Significant Accounting Policies and Recently Issued Accounting Standards," of the Notes to Consolidated Financial Statements.
(2) No non-U.S. country accounted for net sales in excess of 10% of consolidated net sales for the years ended December 31, 2019, 2018 or 2017 or long-lived assets in excess of 10% of consolidated long-lived assets at December 31, 2019 and 2018.
(3) Net sales to external customers within the U.S. were $2,501.6 million, $2,402.3 million and $2,280.0 million for the years ended December 31, 2019, 2018 and 2017, respectively.
(4) Total long-lived assets represent total assets excluding total current assets, deferred tax assets, goodwill, intangible assets and non-current assets held for sale.
Table:
 |  | Year Ended December 31, | 
(In millions) | 2019 | 2018 | 2017
Net sales(1)(2): |  |  | 
North America(3) | $ 2,828.1 | $ 2,734.9 | $ 2,591.5
EMEA | 1,010.4 | 1,038.5 | 983.4
South America | 233.8 | 229.5 | 231.8
APAC | 718.8 | 729.8 | 654.9
Total | $ 4,791.1 | $ 4,732.7 | $ 4,461.6
Total long-lived assets(1)(2)(4): |  |  | 
North America | $ 919.3 | $ 740.5 | 
EMEA | 345.8 | 270.5 | 
South America | 50.2 | 52.8 | 
APAC | 248.3 | 211.8 | 
Total | $ 1,563.6 | $ 1,275.6 | 


Question: What are total long-lived assets?
Answer: Total long-lived assets represent total assets excluding total current assets, deferred tax assets, goodwill, intangible assets and non-current assets held for sale.
12. Geographic Information
The following table depicts the disaggregation of revenue by geographic region based on the ship to location of our customers and is consistent with how we evaluate our financial performance (in thousands)
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Americas | $89,944 | $112,506 | $122,893
Japan | 59,454 | 55,205 | 51,488
Asia Pacific, excluding Japan | 35,689 | 36,897 | 33,189
EMEA | 27,541 | 27,615 | 27,859
Total | $212,628 | $232,223 | $235,429


Question: What is the total revenue earned by the company in 2019?
Answer: $212,628
The following is selected financial data for our reportable segments (in thousands):
ACI On Premise Segment Adjusted EBITDA decreased $2.6 million for the year ended December 31, 2019, compared to the same period in 2018, primarily due to a $5.2 million increase in cash operating expense, partially offset by a $2.6 million increase in revenue.
ACI On Demand Segment Adjusted EBITDA increased $54.5 million for the year ended December 31, 2019, compared to the same period in 2018, of which $46.4 million was due to the acquisition of Speedpay. Excluding the impact of the acquisition of Speedpay, ACI On Demand Segment Adjusted EBITDA increased $8.1 million, primarily due to a $18.3 million increase in revenue, partially offset by a $10.2 million increase in cash operating expense.
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Revenues |  | 
ACI On Premise | $579,334 | $576,755
ACI On Demand | 678,960 | 433,025
Total revenue | $ 1,258,294 | $ 1,009,780
Segment Adjusted EBITDA |  | 
ACI On Premise | $321,305 | $323,902
ACI On Demand | 66,501 | 12,015
Depreciation and amortization | (122,569 ) | (97,350 )
Stock-based compensation expense | (36,763 ) | (20,360 )
Corporate and unallocated expenses | (104,718 ) | (92,296 )
Interest, net | (52,066 ) | (30,388 )
Other, net | 520 | (3,724 )
Income before income taxes | $ 72,210 | $ 91,799
Depreciation and amortization |  | 
ACI On Premise | $ 11,992 | $ 11,634
ACI On Demand | 34,395 | 31,541
Corporate | 76,182 | 54,175
Total depreciation and amortization | $ 122,569 | $ 97,350
Stock-based compensation expense |  | 
ACI On Premise | $ 7,651 | $ 4,348
ACI On Demand | 7,995 | 4,338
Corporate and other | 21,117 | 11,674
Total stock-based compensation expense | $ 36,763 | $ 20,360


Question: What was the change in ACI on Premise revenues between 2018 and 2019?
Answer: 2579
Calculation: $579,334-$576,755
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)
NOTE 9 — Accrued Expenses and Other Liabilities
The components of accrued expenses and other liabilities are as follows:
Table:
 | As of December 31, | 
 | 2019 | 2018
Accrued product-related costs | $4,464 | $4,377
Accrued income taxes | 7,903 | 6,914
Accrued property and other taxes | 1,574 | 1,976
Accrued professional fees | 1,599 | 3,350
Contract liabilities | 2,877 | 1,981
Dividends payable | 1,299 | 1,310
Remediation reserves | 11,444 | 11,274
Other accrued liabilities | 5,218 | 6,165
Total accrued expenses and other liabilities | $36,378 | $37,347


Question: Which years does the table provide information for the components of accrued expenses and other liabilities?
Answer: 2019, 2018
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: What was the net income in 2019?
Answer: $464,602
NOTE 19—SEGMENT INFORMATION
ASC Topic 280, “Segment Reporting” (Topic 280), establishes standards for reporting, by public business enterprises, information about operating segments, products and services, geographic areas, and major customers. The method of determining what information, under Topic 280, to report is based on the way that an entity organizes operating segments for making operational decisions and how the entity’s management and chief operating decision maker (CODM) assess an entity’s financial performance. Our operations are analyzed by management and our CODM as being part of a single industry segment: the design, development, marketing and sales of Enterprise Information Management software and solutions.
The following table sets forth the distribution of revenues, by significant geographic area, for the periods indicated:
Table:
 |  | Year Ended June 30, | 
 | 2019 | 2018 | 2017
Revenues: |  |  | 
Canada | $153,890 | $149,812 | $227,115
United States | 1,490,863 | 1,425,244 | 1,090,049
United Kingdom | 182,815 | 201,821 | 159,817
Germany | 203,403 | 198,253 | 166,611
Rest of Europe | 534,204 | 517,693 | 394,132
All other countries | 303,580 | 322,418 | 253,333
Total revenues | $2,868,755 | $2,815,241 | $2,291,057


Question: What is the average annual Total revenue?
Answer: 2658351
Calculation: (2,868,755+2,815,241+2,291,057)/3