hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
entergy new orleans , inc . and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $ 3.9 million primarily due to higher net revenue , partially offset by higher depreciation and amortization expenses , higher interest expense , and lower other income . 2015 compared to 2014 net income increased $ 13.9 million primarily due to lower other operation and maintenance expenses and higher net revenue , partially offset by a higher effective income tax rate . net revenue 2016 compared to 2015 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges . following is an analysis of the change in net revenue comparing 2016 to 2015 . amount ( in millions ) .

Table:
 | amount ( in millions )
2015 net revenue | $ 293.9
retail electric price | 39.0
net gas revenue | -2.5 ( 2.5 )
volume/weather | -5.1 ( 5.1 )
other | -8.1 ( 8.1 )
2016 net revenue | $ 317.2
the retail electric price variance is primarily due to an increase in the purchased power and capacity acquisition cost recovery rider , as approved by the city council , effective with the first billing cycle of march 2016 , primarily related to the purchase of power block 1 of the union power station .
see note 14 to the financial statements for discussion of the union power station purchase .
the net gas revenue variance is primarily due to the effect of less favorable weather on residential and commercial sales .
the volume/weather variance is primarily due to a decrease of 112 gwh , or 2% ( 2 % ) , in billed electricity usage , partially offset by the effect of favorable weather on commercial sales and a 2% ( 2 % ) increase in the average number of electric customers. .

Question: the net income increases in 2015 were what percent of the net income changes in 2016?
Answer: 356%
Calculation: divide(13.9, 3.9)
AMERICAN TOWER CORPORATION AND SUBSIDIARIES SCHEDULE III—SCHEDULE OF REAL ESTATE AND ACCUMULATED DEPRECIATION (dollars in millions)
(7) Primarily includes foreign currency exchange rate fluctuations and other deductions.
Table:
 | 2019 | 2018 | 2017
Gross amount of accumulated depreciation at beginning | $(5,724.7) | $(5,181.2) | $(4,548.1)
Additions during period: |  |  | 
Depreciation | (768.4) | (751.4) | (718.7)
Other | — | — | —
Total additions | (768.4) | (751.4) | (718.7)
Deductions during period: |  |  | 
Amount of accumulated depreciation for assets sold or disposed | 121.4 | 129.3 | 100.7
Other (7) | (10.5) | 78.6 | (15.1)
Total deductions | 110.9 | 207.9 | 85.6
Balance at end | $(6,382.2) | $(5,724.7) | $(5,181.2)


Question: What did the calculation of Other primarily include?
Answer: foreign currency exchange rate fluctuations and other deductions.
Foreign Sales
Revenues in each of the Company’s segments include sales to foreign governments or to companies located in foreign countries. For the years ended April 30, 2019 and 2018, revenues, based on the location of the procurement entity and excluding intersegment sales, were derived from the following countries (in thousands):
Table:
 | 2019 | 2018
Belgium | $49 | $64
France | 40 | 154
China | 359 | 512
Russia | 2 | 302
Germany | 36 | 143
Italy | 159 | 110
South Korea | - | 314
Singapore | 215 | 376
Other | 525 | 469
 | $1,361 | $ 2,444


Question: What is the revenue from Belgium in 2019 and 2018 respectively?
Answer: $49, $64
7. INVESTMENTS IN JOINT VENTURES
The total carrying value of our equity method investments at the end of fiscal 2019 and 2018 was $796.3 million and $776.2 million, respectively. These amounts are included in other assets and reflect our 44% ownership interest in Ardent Mills and 50% ownership interests in other joint ventures. Due to differences in fiscal reporting periods, we recognized the equity method investment earnings on a lag of approximately one month.
In fiscal 2019, we had purchases from our equity method investees of $39.4 million. Total dividends received from equity method investments in fiscal 2019 were $55.0 million.
In fiscal 2018, we had purchases from our equity method investees of $34.9 million. Total dividends received from equity method investments in fiscal 2018 were $62.5 million.
In fiscal 2017, we had purchases from our equity method investees of $41.8 million. Total dividends received from equity method investments in fiscal 2017 were $68.2 million.
Notes to Consolidated Financial Statements - (Continued) Fiscal Years Ended May 26, 2019, May 27, 2018, and May 28, 2017 (columnar dollars in millions except per share amounts) Summarized combined financial information for our equity method investments on a 100% basis is as follows:
Table:
 | 2019 | 2018 | 2017
Net Sales: |  |  | 
Ardent Mills . | $3,476.0 | $3,344.1 | $3,180.0
Others | 195.4 | 198.8 | 177.7
Total net sales . | $3,671.4 | $3,542.9 | $3,357.7
Gross margin: |  |  | 
Ardent Mills . | $281.9 | $386.5 | $340.3
Others | 45.5 | 34.8 | 34.6
Total gross margin | $327.4 | $421.3 | $374.9
Earnings after income taxes: |  |  | 
Ardent Mills . | $151.9 | $197.0 | $152.0
Others | 18.1 | 10.1 | 10.1
Total earnings after income taxes | $170.0 | $207.1 | $162.1


Question: What was the net sales from Ardent Mills in fiscal 2018?
Answer: $3,344.1
Note 11. Non-current assets - deferred tax assets
Critical accounting judgements, estimates and assumptions
Deferred tax assets are recognised for deductible temporary differences only if the Group considers it is probable that future taxable amounts will be available to utilise those temporary differences and losses. Calculation of future taxable amounts involve the use of assumptions and management judgments.
A deferred tax asset can only be recorded for the portion of a potential benefit where utilisation is considered probable. The assessment of future taxable amounts involves the use of assumptions and management judgments. The Group has fully recognised a deferred tax asset of $79.3m in relation to assets previously transferred to USA. It is considered probable that there will be future taxable income in the USA to fully realise these temporary differences.
Table:
Consolidated |  | 
 | 2019 | 2018
 | US$000 | US$000
Deferred tax asset comprises temporary differences attributable to: |  | 
Amounts recognised in profit or loss: |  | 
Tax losses | 2,068 | 688
Property, plant and equipment | (176) | 58
Employee benefits | 608 | 235
Employee entitlements | 714 | -
Intellectual property | 79,260 | 79,011
Revenue received in advance | 633 | 1,019
Provisions | 1,054 | 328
Foreign currency translation | 613 | 534
Tax credits | 17 | -
Deferred rent | 82 | 163
 | 84,873 | 82,036
Amounts recognised in equity: |  | 
Transaction costs on share issue | - | 84
Deferred tax asset | 84,873 | 82,120
Amount expected to be recovered within 12 months | 26,588 | 26,995
Amount expected to be recovered after more than 12 months | 58,285 | 55,125
Movements: |  | 
Opening balance | 82,120 | 82,946
Credited/(charged) to profit or loss (note 5) | 2,440 | (933)
Additions through business combinations (note 28) | 314 | 105
Translation differences | (1) | 2
Closing balance | 84,873 | 82,120


Question: When are Deferred tax assets recognized?
Answer: only if the Group considers it is probable that future taxable amounts will be available to utilise those temporary differences and losses
The assumptions used to calculate these amounts for fiscal 2019 are set forth under Note 16 of the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for fiscal year 2019 filed with the SEC on August 27, 2019.
(2) Amounts shown do not reflect compensation actually received by the NEO. Instead, the amounts shown in this column represent the grant date fair values of stock options issued pursuant to the Company’s 2003 Equity Incentive Plan and certain inducement grants, computed in accordance with FASB ASC Topic 718. The assumptions used to calculate these amounts for fiscal 2019 are set forth under Note 16 of the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for fiscal year 2019 filed with the SEC on August 27, 2019.
(3) All non-equity incentive plan compensation was paid pursuant to the Variable Pay Plan.
(4) The amounts in the “All Other Compensation” column for fiscal 2019 include: $4,000 401(k) matching contribution by the Company for each NEOs other than Mr. McNab.
(5) The Compensation Committee awarded Mr. Maletira a one-time discretionary bonus in the amount of $180,000 in connection with his work on the AvComm and Wireless acquisition. Please see “Discretionary Bonuses” under the Compensation Discussion and Analysis on page 36 of this proxy statement.
(6) Mr. Staley was awarded a $60,000 sign-on bonus when he joined the Company in February 2017.
The amounts in the salary, bonus, and non-equity incentive plan compensation columns of the Summary Compensation Table reflect actual amounts paid for the relevant years, while the amounts in the stock awards column reflect accounting values. The tables entitled “Outstanding Equity Awards at Fiscal Year-End Table” and “Option Exercises and Stock Vested Table” provide further information on the named executive officers’ potential realizable value and actual value realized with respect to their equity awards. The Summary Compensation Table should be read in conjunction with the Compensation Discussion and Analysis and the subsequent tables and narrative descriptions.
Table:
Name | Fiscal Year | Maximum Possible Value of MSUs Using Grant Date Fair Value | Maximum Possible Value of PSUs Using Grant Date Fair Value
Oleg Khaykin | 2019 | 4,067,526 | —
 | 2018 | 2,457,750 | 909,900
 | 2017 | 659,618 | —
Amar Maletira | 2019 | 1,379,350 | —
 | 2018 | 1,015,870 | 454,950
 | 2017 | 574,500 | —
Paul McNab | 2019 | 591,150 | —
 | 2018 | 442,395 | —
 | 2017 | 373,425 | —
Luke Scrivanich | 2019 | 591,150 | —
 | 2018 | 442,395 | —
 | 2017 | 393,600 | —
Gary Staley | 2019 | 591,150 | —
 | 2018 | 943,527 | —
 | 2017 | 303,948 | —


Question: How much was Gary Staley's sign-on bonus when he joined the company in February 2017?
Answer: $60,000
Cost of Revenue
Cost of revenue increased by $15.3 million in 2018 compared to 2017. The increase was primarily due to a $7.2 million increase in employee-related costs, which includes stock-based compensation, associated with our increased headcount from 128 employees as of December 31, 2017 to 173 employees as of December 31, 2018. The remaining increase was principally the result of a $7.0 million increase in hosting, software and messaging costs, a $0.6 million increase attributed to office related expenses to support revenue generating activities and a $0.4 million increase in depreciation and amortization expense attributable to our acquired intangible assets.
Gross margin percentage decreased due to our continued investment in personnel and infrastructure to support our growth in revenue.
Table:
 | Year Ended December 31, |  | Change | 
 | 2018 | 2017 | $ | %
 |  | (dollars in thousands) |  | 
Cost of revenue | $ 46,810 | $ 31,503 | $ 15,307 | 48.6%
Gross margin % | 68% | 70% |  | 


Question: What was the cost of revenue in 2018 and 2019?
Answer: 46,810, 31,503
The fair value of the option component of the ESPP shares was estimated at the grant date using the Black-Scholes option pricing model with the following weighted
average assumptions:
The Company issued 266 shares, 231 shares and 183 shares under the ESPP in the years ended December 31, 2019, 2018 and 2017, respectively, at a weighted average
exercise price per share of $86.51, $77.02, and $73.02, respectively. As of December 31, 2019, the Company expects to recognize $3,531 of the total unamortized compensation cost
related to employee purchases under the ESPP over a weighted average period of 0.37 years.
Table:
 |  | Year ended December 31 | 
 | 2019 | 2018 | 2017
Expected life (in years) | 0.5 | 0.5 | 0.5
Volatility | 36% - 37% | 33% - 40% | 29% - 37%
Risk-free interest rate | 1.58 - 2.43% | 1.76% - 2.50% | 0.76% - 1.16%
Dividend yield | - % | - % | - %


Question: What is the total shares issued under the ESPP between December 2017 to 2019?
Answer: 680
Calculation: 266 + 231 + 183
AMERICAN TOWER CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Tabular amounts in millions, unless otherwise disclosed)
2. PREPAID AND OTHER CURRENT ASSETS
Prepaid and other current assets consisted of the following:
The reduction in Prepaid operating ground leases is a result of the reclassification of assets to the Right-of-use asset in connection with the Company’s adoption of the new lease accounting standard.
Table:
 | As of December 31, 2019 | As of December 31, 2018
Unbilled receivables | $142.3 | $126.1
Prepaid income tax | 185.8 | 125.1
Value added tax and other consumption tax receivables | 71.3 | 86.3
Prepaid assets | 56.8 | 40.5
Prepaid operating ground leases | — | 165.0
Other miscellaneous current assets | 57.4 | 78.2
Prepaid and other current assets | $513.6 | $621.2


Question: What was the change in Unbilled receivables between 2018 and 2019?
Answer: 16.2
Calculation: $142.3-$126.1
FLNG segment
Total operating revenues: On May 31, 2018, the Hilli was accepted by the Customer and, accordingly, commenced operations. As a result, she generated $127.6 million total operating revenues in relation to her liquefaction services for the year ended December 31, 2018.
Vessel operating expenses: This represents the vessel operating expenses incurred by the Hilli since she commenced operations.
Project development expenses: This relates to non-capitalized project-related expenses comprising of legal, professional and consultancy costs. The increase for the twelve months ended December 31, 2018 was primarily as a result of increased engineering consultation fees and front-end engineering and design costs in relation to the Gimi GTA project.
Depreciation: Subsequent to the Customer's acceptance of the Hilli, we determined her to be operational and, therefore, depreciation commenced during the second quarter of 2018.
Other operating gains: Includes the realized and unrealized gain on the oil derivative instrument. In 2018, we recognized a realized gain of $26.7 million, and an unrealized fair value loss of $10.0 million, relating to the LTA oil derivative instrument as a result of the increased price of Brent Crude during the year. The derivative asset was recognized upon the LTA becoming effective in December 2017. In 2017, we recognized an unrealized fair value gain of $15.1 million.
For the year ended December 31, 2018, this is partially offset by a $1.3 million write off of capitalized conversion costs in relation to the Gandria. In addition, subsequent to the decision to wind down OneLNG, we wrote off $12.7 million of the trading balance with OneLNG as we deem it to be no longer recoverable.
Equity in net losses of affiliates: Pursuant to the formation of OneLNG in July 2016, we equity account for our share of net losses in OneLNG. Given the difficulties in finalizing an attractive debt financing package along with other capital and resource priorities, in April 2018, Golar and Schlumberger decided to wind down OneLNG and work on FLNG projects as required on a case-by-case basis. As a result, activity levels have been substantially reduced for the year ended December 31, 2018 and the carrying value of the investment was written down to $nil.
Table:
 |  | December 31, |  | 
(in thousands of $) | 2018 | 2017 | Change | % Change
Total operating revenues | 127,625 | — | 127,625 | 100%
Vessel operating expenses | (26,317) | (2) | (26,315) | 1,315,750%
Voyage expenses | (1,363) | (121) | (1,242) | 1,026%
Administrative expenses | 175 | (1,736) | 1,911 | (110)%
Project development expenses | (16,526) | (2,506) | (14,020) | 559%
Depreciation and amortization | (28,193) | — | (28,193) | 100%
Other operating gains | 2,749 | 15,100 | (12,351) | (82)%
Operating income | 58,150 | 10,735 | 47,415 | 442%
Equity in net losses of affiliates | (2,047) | (8,153) | 6,106 | (75)%


Question: Why did the activity levels decrease in 2018?
Answer: Golar and Schlumberger decided to wind down OneLNG and work on FLNG projects as required on a case-by-case basis
15. Trade and other payables
Trade and other payables mainly consist of amounts owed to suppliers that have been invoiced or are accrued and contract liabilities relating to consideration received from customers in advance. They also include taxes and social security amounts due in relation to the Group’s role as an employer. Derivative financial instruments with a negative market value are reported within this note.
Accounting policies
Trade payables are not interest-bearing and are stated at their nominal value.
Notes: 1 Previously described as deferred income in the year ended 31 March 2018
2 Items are measured at fair value and the valuation basis is level 2 classification, which comprises items where fair value is determined from inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly
3 Includes €823 million (2018: €nil) payable in relation to the irrevocable and non-discretionary share buyback programme announced in January 2019.
The carrying amounts of trade and other payables approximate their fair value.
Materially all of the €1,716 million recorded as current contract liabilities at 1 April 2018 was recognised as revenue during the year.
Other payables included within non-current liabilities include €288 million (2018: €271 million) in respect of the re-insurance of a third party annuity policy related to the Vodafone and CWW Sections of the Vodafone UK Group Pension Scheme.
The fair values of the derivative financial instruments are calculated by discounting the future cash flows to net present values using appropriate market interest rates and foreign currency rates prevailing at 31 March.
Table:
 | 2019 | 2018
 | €m | €m
Included within non-current liabilities: |  | 
Other payables | 327 | 314
Accruals | 113 | 159
Contract liabilities1 | 574 | 237
Derivative financial instruments2 | 1,924 | 2,133
 | 2,938 | 2,843
Included within current liabilities: |  | 
Trade payables | 6,541 | 6,185
Amounts owed to associates and joint ventures | 26 | 27
Other taxes and social security payable | 1,218 | 1,177
Other payables3 | 1,410 | 1,346
Accruals | 6,120 | 5,579
Contract liabilities1 | 1,818 | 1,678
Derivative financial instruments2 | 520 | 250
 | 17,653 | 16,242


Question: Between 2018 and 2019, which year had higher total trade and other payables included within current liabilities?
Answer: 2019
Calculation: 17,653>16,242
Disaggregated revenue
The Group’s revenues by geographic region based on end-users who purchased our products or services are as follows:
Revenues from the United States totaled approximately $529 million, $386 million, and $281 million for the fiscal years ended 2019, 2018, and 2017, respectively. Revenues from our country of domicile, the United Kingdom, totaled approximately $86 million, $63 million, and $46 million for the fiscal years ended 2019, 2018, and 2017, respectively. No one customer has accounted for more than 10% of revenue for the fiscal years ended 2019, 2018, and 2017.
Table:
 |  | Fiscal Year Ended June 30, | 
 | 2019 | 2018 | 2017
 |  | (U.S. $ in thousands) | 
 |  | *As Adjusted | *As Adjusted
Americas | $603,959 | $439,363 | $317,432
EMEA | 474,712 | 347,509 | 193,790
Asia Pacific | 131,456 | 94,106 | 115,462
 | $1,210,127 | $880,978 | $626,684


Question: What is the difference in the revenues from Asia Pacific between fiscal years ended 2018 and 2019?
Answer: 37350
Calculation: 131,456-94,106
Provision (Benefit) For Income Taxes
Provision for income taxes reflects the tax provision on our operations in foreign and U.S. jurisdictions, offset by tax benefits from a partial release of valuation allowance against U.S. federal and state deferred tax assets ("DTAs") and from lapsing of statute of limitations related to uncertain tax positions in foreign jurisdictions. As of December 28, 2019, we maintain a valuation allowance of $36.6 million primarily against our California deferred tax assets and foreign tax credits, due to uncertainty about the future realization of these assets.
The benefit for income taxes in fiscal 2018 includes a $75.8 million reduction to our valuation allowance on our U.S. deferred tax assets as sufficient positive evidence existed to support the realization of such DTAs. The effective tax rate in fiscal 2018 also benefited from a lower statutory tax rate in the U.S., partially offset by higher profits in foreign jurisdictions.
Our effective tax rate may vary from period to period based on changes in estimated taxable income or loss by jurisdiction, changes to the valuation allowance, changes to U.S. federal, state or foreign tax laws, future expansion into areas with varying country, state, and local income tax rates, deductibility of certain costs and expenses by jurisdiction.
Table:
 |  | Fiscal Year Ended | 
 | December 28, 2019 | December 29, 2018 | December 30, 2017
 |  | (Dollars in thousands) | 
Provision (benefit) for income taxes | $11,717 | $(70,109) | $1,293
Effective tax rate | 22.9 % | (206.6) % | 3.1 %


Question: How much is the valuation allowance maintained As of December 28, 2019?
Answer: $36.6 million
DEVELOPMENT OF EMPLOYEE NUMBERS BY SEGMENTS
Full-time equivalents1 as of the closing date of 30/9
1 Excluding METRO China.
Table:
 | 2018 | 2019
METRO | 86,239 | 82,979
METRO Germany | 11,816 | 11,760
METRO Western Europe (excl.Germany) | 24,073 | 24,044
METRO Russia | 13,884 | 12,288
METRO Eastern Europe (excl.Russia) | 28,264 | 27,589
METRO Asia | 8,202 | 7,298
Others | 6,916 | 7,067
METROAG | 863 | 837
Total | 94,018 | 90,883


Question: What was the change in METRO AG in 2019 from 2018?
Answer: -26
Calculation: 837-863
29. Related party transactions
The Group has a number of related parties including joint arrangements and associates, pension schemes and Directors and Executive Committee members (see note 12 “Investments in associates and joint arrangements”, note 24 “Post employment benefits” and note 22 “Directors and key management compensation”).
Transactions with joint arrangements and associates
Related party transactions with the Group’s joint arrangements and associates primarily comprise fees for the use of products and services including network airtime and access charges, fees for the provision of network infrastructure and cash pooling arrangements.
No related party transactions have been entered into during the year which might reasonably affect any decisions made by the users of these consolidated financial statements except as disclosed below.
Note: 1 Amounts arise primarily through VodafoneZiggo, Vodafone Idea, Vodafone Hutchison Australia and Cornerstone Telecommunications Infrastructure Limited. Interest is paid in line with market rates.
Dividends received from associates and joint ventures are disclosed in the consolidated statement of cash flows.
Table:
 | 2019 | 2018 | 2017
 | €m | €m | €m
Sales of goods and services to associates | 27 | 19 | 37
Purchase of goods and services from associates | 3 | 1 | 90
Sales of goods and services to joint arrangements | 242 | 194 | 19
Purchase of goods and services from joint arrangements | 192 | 199 | 183
Net interest income receivable from joint arrangements1 | 96 | 120 | 87
Trade balances owed: |  |  | 
by associates | 1 | 4 | –
to associates | 3 | 2 | 1
by joint arrangements | 193 | 107 | 158
to joint arrangements | 25 | 28 | 15
Other balances owed by joint arrangements1 | 997 | 1,328 | 1,209
Other balances owed to joint arrangements1 | 169 | 150 | 127


Question: What is the 2019 average sales of goods and services to associates ?
Answer: 23
Calculation: (27+19)/2