hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
ITEM 16.C. PRINCIPAL ACCOUNTANT FEES AND SERVICES
Deloitte LLP, an independent registered public accounting firm, has audited our annual financial statements acting as our independent auditor for the fiscal years ended December 31, 2018 and December 31, 2019.
The chart below sets forth the total amount billed and accrued for Deloitte LLP for services performed in 2018 and 2019, respectively, and breaks down these amounts by the category of service. The fees paid to our principal accountant were approved in accordance with the pre-approval policies and procedures described below.
Audit Fees
Audit fees represent compensation for professional services rendered for the audit of the consolidated financial statements of the Company and the audit of the financial statements for its individual subsidiary companies, fees for the review of the quarterly financial information, as well as in connection with the review of registration statements and related consents and comfort letters, and any other services required for SEC or other regulatory filings
Included in the audit fees for 2018 are fees of $0.2 million related to the Partnership’s public offerings completed in 2018. Included in the audit fees for 2019 are fees of $0.2 million related to equity and bond related transactions.
Tax Fees
No tax fees were billed by our principal accountant in 2018 and 2019.
Audit-Related Fees
No audit-related fees were billed by our principal accountant in 2018 and 2019.
All Other Fees
No other fees were billed by our principal accountant in 2018 and 2019.
Table:
 | 2018 | 2019
 | (Expressed in millions of U.S. Dollars) | 
Audit fees | $1.8 | $1.7
Total fees | $1.8 | $1.7


Question: How much are the fees related to equity and bond related transactions in 2019?
Answer: $0.2 million
Accounts Receivable
The following is a summary of Accounts receivable (in thousands):
Table:
 | June 30,
2019 | June 30,
2018
Accounts receivable  | $201,365 | $225,167
Allowance for doubtful accounts | (1,054) | (1,478)
Allowance for product returns | (25,897) | (11,266)
Accounts receivable, net  | $174,414 | $212,423


Question: What was the change in the Allowance for doubtful accounts between 2018 and 2019?
Answer: 424
Calculation: -1,054-(-1,478)
During the three months ended June 30, 2018, the Company adopted ASU 2016-18-Statement of Cash Flows: Restricted Cash. This standard requires that the statement of cash flows explain the change during the period in total cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The standard has been applied using a retrospective transition method to each period presented. The adoption of this standard did not have a material impact on the Company's financial statements.
The following table summarizes the opening balance sheet adjustments related to the adoption of the New Revenue Standard, ASU 2016-01-Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, and ASU 2016-16-Intra-Entity Transfers of Assets Other Than Inventory (in millions):
Table:
 | Balance as of |  | Adjustments from |  | Balance as of
 | March 31, 2018 | ASC 606 | ASU 2016-01 | ASU 2016-16 | April 1, 2018
ASSETS |  |  |  |  | 
Accounts receivable, net | $563.7 | $340.1 | $— | $— | $903.8
Inventories | $476.2 | $(5.1) | $— | $— | $471.1
Other current assets | $119.8 | $17.2 | $— | $— | $137.0
Long-term deferred tax assets | $100.2 | $(23.1) | $— | $1,579.4 | $1,656.5
Other assets | $71.8 | $— | $— | $(24.1) | $47.7
LIABILITIES |  |  |  |  | 
Accrued liabilities | $229.6 | $404.2 | $— | $— | $633.8
Deferred income on shipments to distributors | $333.8 | $(333.8) | $— | $— | $—
Long-term deferred tax liability | $205.8 | $16.8 | $— | $(1.1) | $221.5
Other long-term liabilities | $240.9 | $— | $— | $(1.7) | $239.2
STOCKHOLDERS' EQUITY |  |  |  |  | 
Accumulated other comprehensive loss | $(17.6) | $— | $(1.7) | $— | $(19.3)
Retained earnings | $1,397.3 | $241.9 | $1.7 | $1,558.1 | $3,199.0


Question: What was the percentage change in Other assets due to the adjustments?
Answer: -33.57
Calculation: (47.7-71.8)/71.8
7. ACCOUNTS RECEIVABLES ALLOWANCES
Summarized below is the activity in our accounts receivable allowances including compensation credits and doubtful accounts as follows (in thousands):
The balances at the end of fiscal years 2019, 2018 and 2017 are comprised primarily of compensation credits of $4.5 million, $6.3 million and $8.9 million, respectively.
Table:
 |  | Fiscal Year | 
 | 2019 | 2018 | 2017
Balance - beginning of year | $6,795 | $9,410 | $3,279
Provision, net | 11,989 | 15,465 | 29,512
Charge-offs | (13,737) | (18,080) | (23,381)
Balance - end of year | $5,047 | 6,795 | 9,410


Question: What was the respective value of Provision, net in 2019 and 2018?
Answer: 11,989, 15,465
In October 2013, the Company ceased to allow new employees to join certain defined benefit plans, except under certain circumstances, and commenced a defined contribution pension plan for new employees.
The Company made contributions of $1.2 million for various defined contribution arrangements during 2019 (December 31, 2018 — $0.9 million).
The Company’s funding policy is to make contributions to its defined benefit pension funds based on actuarial cost methods as permitted and required by pension regulatory bodies. Contributions reflect actuarial assumptions concerning future investment returns, salary projections and future service benefits. Plan assets are represented primarily by Canadian and foreign equity securities, fixed income instruments and short-term investments.
The Company provides certain health care and life insurance benefits for some of its retired employees and their dependents. Participants are eligible for these benefits generally when they retire from active service and meet the eligibility requirements for the pension plan. These benefits are funded primarily on a pay-as-you-go basis, with the retiree generally paying a portion of the cost through contributions, deductibles and coinsurance provisions.
The balance sheet obligations, distributed between pension and other post-employment benefits, included in other long-term liabilities (Note 23) were as follows:
Table:
As at December 31, | 2019 | 2018
Pension benefits | $8,566 | $10,905
Other post-employment benefits | 23,508 | 21,330
Accrued benefit liabilities | $32,074 | $32,235


Question: What are the company's respective accrued benefit liabilities as at December 31, 2018 and 2019 respectively?
Answer: $32,235, $32,074
VMware and Pivotal Employee Stock Purchase Plans
In June 2007, VMware adopted its 2007 Employee Stock Purchase Plan (the “ESPP”), which is intended to be qualified under Section 423 of the Internal Revenue Code. On June 25, 2019, VMware amended its ESPP to increase the number of shares available for issuance by 9.0 million shares of Class A common stock. As of January 31, 2020, the number of authorized shares under the ESPP was a total of 32.3 million shares. Under the ESPP, eligible VMware employees are granted options to purchase shares at the lower of 85% of the fair market value of the stock at the time of grant or 85% of the fair market value at the time of exercise. The option period is generally twelve months and includes two embedded six-month option periods. Options are exercised at the end of each embedded option period. If the fair market value of the stock is lower on the first day of the second embedded option period than it was at the time of grant, then the twelve-month option period expires and each enrolled participant is granted a new twelve-month option. As of January 31, 2020, 14.3 million shares of VMware Class A common stock were available for issuance under the ESPP.
The following table summarizes ESPP activity for VMware during the periods presented (cash proceeds in millions, shares in thousands):
As of January 31, 2020, $95 million of ESPP withholdings were recorded as a liability in accrued expenses and other on the consolidated balance sheets for the purchase that occurred on February 29, 2020.
Prior to the acquisition of Pivotal, Pivotal granted options to eligible Pivotal employees to purchase shares of its Class A common stock at the lower of 85% of the fair market value of the stock at the time of grant or 85% of the fair market value of the Pivotal stock at the time of exercise. Pivotal’s ESPP activity was not material during the periods presented.
Table:
 |  | For the Year Ended | 
 | January 31, 2020 | February 1, 2019 | February 2, 2018
Cash proceeds | $172 | $161 | $65
Class A common stock purchased | 1,489 | 1,895 | 903
Weighted-average price per share | $115.51 | $84.95 | $72.40


Question: How many authorized shares were there under the ESPP as of  2020?
Answer: 32.3 million
19. ACCRUED EXPENSES
Vessel operating and drydocking expense related accruals are composed of vessel operating expenses such as crew wages, vessel supplies, routine repairs, maintenance, drydocking, lubricating oils and insurances.
Administrative expenses related accruals are comprised of general overhead including personnel costs, legal and professional fees, costs associated with project development, property costs and other general expenses.
The movement in interest expense is due to repayments of VIE entities' accrued interest expenses during the year.
Table:
(in thousands of $) | 2019 | 2018
Vessel operating and drydocking expenses | (24,457) | (24,041)
Administrative expenses | (11,713) | (11,042)
Interest expense | (44,150) | (97,688)
Current tax payable | (720) | (463)
 | (81,040) | (133,234)


Question: What are the segments of accrued expenses?
Answer: Vessel operating and drydocking expenses, Administrative expenses, Interest expense, Current tax payable
The following securities have been excluded from the calculation of diluted weighted average common shares outstanding as the inclusion of these securities would have an anti-dilutive effect:
Participating securities are composed of certain stock options granted under the 2015 Plan, and previously granted under the 2009 Equity Incentive Plan, that may be exercised before the options have vested. Unvested shares have a non-forfeitable right to dividends. Unvested shares issued as a result of early exercise are subject to repurchase by us upon termination of employment or services at the original exercise price. The common stock subject to repurchase is no longer classified as participating securities when shares revert to common stock outstanding as the awards vest and our repurchase right lapses.
Our redeemable noncontrolling interest relates to our 85% equity ownership interest in OpenEye. The OpenEye stockholder agreement contains a put option that gives the minority OpenEye stockholders the right to sell their OpenEye shares to us based on the fair value of the shares. The OpenEye stockholder agreement also contains a call option that gives us the right to purchase the remaining OpenEye shares from the minority OpenEye stockholders based on the fair value of the shares. The put and call options can each be exercised beginning in the first quarter of 2023. This redeemable noncontrolling interest is considered temporary equity and we report it between liabilities and stockholders’ equity in the consolidated balance sheets. The amount of the net income or loss attributable to redeemable noncontrolling interests is recorded in the consolidated statements of operations.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Stock options | 223,259 | 229,294 | 258,917
Restricted stock awards | — | — | 129
Restricted stock units | 136,600 | 148,175 | 188,050
Common stock subject to repurchase | 250 | 957 | 13,281


Question: What was the percentage change in Common stock subject to repurchase between 2018 and 2019?
Answer: -73.88
Calculation: (250-957)/957
Asset Retirement Obligations
At December 31, 2019, our asset retirement obligations balance was primarily related to estimated future costs of removing equipment from leased properties and estimated future costs of properly disposing of asbestos and other hazardous materials upon remodeling or demolishing buildings. Asset retirement obligations are included in other long-term liabilities on our consolidated balance sheets.
As of the Level 3 acquisition date, we recorded liabilities to reflect our fair values of Level 3’s asset retirement obligations. Our fair value estimates were determined using the discounted cash flow method.
The following table provides asset retirement obligation activity:
(1) The liabilities assumed during 2018 relate to purchase price adjustments during the year.
The 2019, 2018 and 2017 change in estimates are offset against gross property, plant and equipment.
Table:
 | Years Ended December 31, |  | 
 | 2019 | 2018 | 2017
 | (Dollars in millions) |  | 
Balance at beginning of year | $190 | 115 | 95
Accretion expense | 11 | 10 | 6
Liabilities assumed in acquisition of Level 3(1) | — | 58 | 45
Liabilities settled | (14) | (14) | (3)
Liabilities transferred to Cyxtera | — | — | (20)
Change in estimate | 10 | 21 | (8)
Balance at end of year | $197 | 190 | 115


Question: What is the change in balance at end of year in 2019 from 2018?
Answer: 7
Calculation: 197-190
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: In which year was Total employee costs larger?
Answer: 2019
Calculation: 370.1>361.9
Below is the summary of the FY17 PRUs vested and earned by each NEO.
(1) The Compensation Committee did not exercise its discretion to reduce any payouts.
Table:
NEO | Total FY17 PRUs Vested at end of FY18 | Total FY17 PRUs Vested at end of FY19 | Total FY17 PRUs Earned and Vested (1)
Gregory S. Clark | 2,404,175 | 175,023 | 2,579,198
Nicholas R. Noviello | 606,935 | 44,184 | 651,119
Amy L. Cappellanti-Wolf | 207,142 | 15,080 | 222,222
Samir Kapuria | 148,322 | 10,798 | 159,120
Scott C. Taylor | 414,287 | 30,160 | 444,447


Question: What is the difference between Total FY17 PRUs Earned and Vested between Gregory S. Clark and  Nicholas R. Noviello?
Answer: 1928079
Calculation: 2,579,198-651,119
ADJUSTED EBITDA
(1) Fiscal 2019 average foreign exchange rate used for translation was 1.3255 USD/CDN.
(2) 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.
(3) Fiscal 2019 actuals are translated at the average foreign exchange rate of fiscal 2018 which was 1.2773 USD/CDN.
Fiscal 2019 adjusted EBITDA increased by 10.0% (8.5% in constant currency) as a result of: • an increase in the American broadband services segment mainly as a result of strong organic growth combined with the impact of the MetroCast and FiberLight acquisitions; and • an increase in the Canadian broadband services segment resulting mainly from a decline in operating expenses.
For further details on the Corporation’s adjusted EBITDA, please refer to the "Segmented operating and financial results" section.
Table:
Years ended August 31, | 2019 (1) | 2018 (2) | Change | Change in constant currency (3) | Foreign exchange impact (3)
(in thousands of dollars, except percentages) | $ | $ | % | % | $
Canadian broadband services | 688,681 | 681,020 | 1.1 | 1.3 | (1,102)
American broadband services | 465,645 | 369,200 | 26.1 | 21.5 | 16,911
Inter-segment eliminations and other | (46,386) | (43,402) | 6.9 | 6.8 | (12)
 | 1,107,940 | 1,006,818 | 10.0 | 8.5 | 15,797


Question: What was the exchange rate in 2019?
Answer: 1.3255 USD/CDN.
Pro forma consolidated results of operations
The following unaudited pro forma financial information presents combined results of operations for each of the periods presented as if the acquisitions of MOI and GP had been completed on January 1, 2018. The pro forma information includes adjustments to depreciation expense for property and equipment acquired and amortization expense for the intangible assets acquired and the elimination of transaction expenses recognized in each period. Transaction-related expenses associated with the acquisition and excluded from pro forma income from continuing operations were $1.0 million for the year ended December 31, 2019. There were no transaction-related expenses associated with the acquisition for the year ended December 31, 2018. The pro forma data are for informational purposes only and are not necessarily indicative of the consolidated results of operations or the combined business had the acquisitions of MOI and GP occurred on January 1, 2018, or the results of future operations of the combined business. For instance, planned or expected operational synergies following the acquisition are not reflected in the pro forma information. Consequently, actual results will differ from the unaudited pro forma information presented below.
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
 | (unaudited)  | (unaudited)
Revenue | $72,576,902 | $60,249,896
Income from continuing operations | $6,912,802 | $1,559,008


Question: What is the change in Revenue from December 31, 2018 and 2019?
Answer: 12327006
Calculation: 72,576,902-60,249,896
Overview of the Markets We Serve
The U.S. mortgage loan servicing market is comprised of first and second lien mortgage loans. Even through housing downturns, the mortgage loan servicing market generally remains stable, as the total number of first lien mortgage loans outstanding tends to stay relatively constant. The number of second lien mortgage loans outstanding can vary based on a number of factors including loan-to-value ratios, interest rates and lenders' desire to own such loans.
While delinquent mortgage loans typically represent a small portion of the overall mortgage loan servicing market, the mortgage loan default process is long and complex and involves multiple parties, a significant exchange of data and documentation and extensive regulatory requirements. Providers in the default process must be able to meet strict regulatory guidelines, which we believe are best met through the use of proven technology.
The U.S. mortgage loan origination market consists of both purchase and refinance mortgage loan originations. The mortgage loan origination process is complex and involves multiple parties, significant data exchange and significant regulatory oversight, which requires a comprehensive, scalable solution developed by a company with substantial industry experience. According to the Mortgage Bankers Association ("MBA"), the U.S. mortgage loan origination market for purchase and refinance mortgage loan originations is estimated as follows (in billions):
Note: Amounts may not recalculate due to rounding.
(1) The 2019, 2018 and 2017 U.S. mortgage loan origination market for purchase and refinance originations is estimated by the MBA Mortgage Finance Forecast as of February 18, 2020, February 11, 2019 and October 16, 2018, respectively.
Table:
 | 2019 | 2018 | 2017
Mortgage loan originations(1): |  |  | 
Purchase | $1,272.0 | $1,185.0 | $1,143.0
Refinance | 796.0 | 458.0 | 616.0
Total | $2,068.0 | $1,643.0 | $1,760.0


Question: Which years does the table provide information for the  U.S. mortgage loan origination market for purchase and refinance mortgage loan originations?
Answer: 2019, 2018, 2017
1 As defined by the International Monetary Fund.
Revenue related to external customers went up moderately yearover- year on growth in nearly all industrial businesses. SGRE and Siemens Healthineers posted the highest growth rates, while revenue at Gas and Power declined moderately in a difficult market environment. The revenue decline in emerging markets was due mainly to lower revenue in Egypt, where in fiscal 2018 Gas and Power recorded sharply higher revenue from large orders.
Revenue in Europe, C. I. S., Africa, Middle East increased moderately on growth in a majority of industrial businesses, driven by substantial growth at SGRE. Gas and Power posted a clear decline in a difficult market environment. In Germany, revenue was up moderately with significant growth in Mobility and Gas and Power, partly offset by a decline in SGRE.
In the Americas, revenue came in clearly higher year-over-year, benefiting from positive currency translation effects. Siemens Healthineers, Smart Infrastructure and Gas and Power recorded the largest increases, while SGRE posted clearly lower revenue in the region. In the U. S., all industrial businesses posted higher revenues year-over-year, with SGRE and Smart Infrastructure recording the strongest growth rates.
Revenue in Asia, Australia rose moderately year-over-year on growth in the majority of industrial businesses, led by Siemens Healthineers and Digital Industries. Gas and Power and SGRE posted lower revenue year-over-year. In China, revenue was also
up in the majority of industrial businesses, led by Siemens Healthineers. In contrast, SGRE posted substantially lower revenue year-over-year in that country.
Table:
 |  | Fiscal year |  | % Change
(in millions of €) | 2019 | 2018 | Actual | Comp.
Europe, C. I. S., Africa, Middle East | 44,360 | 42,782 | 4% | 4%
therein: Germany | 12,282 | 11,729 | 5% | 4 %
Americas | 23,796 | 22,115 | 8% | 3%
therein: U. S. | 17,993 | 16,012 | 12% | 6%
Asia, Australia | 18,693 | 18,147 | 3% | 2%
therein: China | 8,405 | 8,102 | 4% | 3%
Siemens | 86,849 | 83,044 | 5 % | 3 %
therein: emerging markets1 | 27,607 | 28,272 | (2) % | (2) %


Question: What was the average orders in the Americas region in 2019 and 2018?
Answer: 22955.5
Calculation: (23,796 + 22,115) / 2