hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Operating Segments
The Company operates as one operating segment. Operating segments are defined as components of an enterprise for which separate financial information is regularly evaluated by the chief operating decision maker (“CODM”), which is the Company’s chief executive officer, in deciding how to allocate resources and assess performance. The Company’s CODM evaluates the Company’s financial information for the purpose of allocating resources and assessing the performance of these resources on a consolidated basis. The Company operates as one operating segment. Operating segments are defined as components of an enterprise for which separate financial information is regularly evaluated by the chief operating decision maker (“CODM”), which is the Company’s chief executive officer, in deciding how to allocate resources and assess performance. The Company’s CODM evaluates the Company’s financial information for the purpose of allocating resources and assessing the performance of these resources on a consolidated basis.
Revenue by geographic country, based on ship-to destinations, which in certain instances may be the location of a contract manufacturer rather than the Company’s end customer, was as follows (in thousands):
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
United States | $70,702 | $56,839 | $60,723
China | 159,637 | 98,906 | 148,431
Germany | 57,657 | 58,711 | 57,051
Thailand | 82,413 | 68,217 | 48,016
Other | 94,254 | 57,218 | 70,945
Total revenue | $464,663 | 339,891 | 385,166


Question: What is revenue by geographic country based on?
Answer: ship-to destinations
Group and business unit performance factors
The underlying values and weightings for each KPI are set and approved by the remuneration committee in advance of each year to determine parameters for the STI in the form of a balanced scorecard. Below is the group STI scorecard for FY19 that applied to the CEO, CFO, executive directors, prescribed officers and other participants:
* The actual targets have not been provided as they are linked to budget and considered commercially sensitive information.
** For the key performance indicators within the growth and efficiency strategic objectives, the targeted percentages for “threshold”, “on-target” and
“stretch” as set out above per key performance indicator represent the targeted percentage achievement of the underlying budgeted amounts.
Table:
Strategic objective | Strategic objective weighting | Key performance indicator | Key performance indicator weighting | Score = 50% | Score = 100% | Score = 200%
Growth*,** | 60% | Sales volume growth | 10% | 40,0% | 100,0% | 140,0%
 |  | Absolute gross margin | 10% | 96,8% | 100,0% | 103,6%
 |  | PBIT | 40% | 98,6% | 100,0% | 103,6%
Efficiency*,** | 10% | Cost savings initiatives | 5% | 98,6% | 100,0% | 123,4%
 |  | Net working capital | 5% | 101,2% | 100,0% | 97,7%
 |  |  |  | Reduction in execution-related marketplace incidents year-on-year by |  | 
People and sustainability* | 30% | Quality | 10% | 10% | 15% | 20%
 |  | Safety (LTIFR) | 10% | 120,0% | 100,0% | 80,0%
 |  | BBBEE score | 10% | Level 7 (60 to 61) | Level 7 (61.1 to 65) | Level 6


Question: Why haven't the actual targets been provided?
Answer: As they are linked to budget and considered commercially sensitive information
15. QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
During the quarter ended December 31, 2019, we purchased a group annuity contract to transfer the pension benefit obligations and annuity administration for a select group of retirees or their beneficiaries to an annuity provider. As a result of the transfer of the pension liability to the annuity provider and other lump sum payments to participants of the Pension Plans, we recognized a non-cash pension settlement charge of $6.7 million during the quarter ended December 31, 2019.
In 2019, we recognized a gain on extinguishment of debt from the partial repurchase of our Senior Notes of $0.3 million, $1.1 million and $3.1 million during the quarters ended June 30, 2019, September 30, 2019, and December 31, 2019, respectively.
As part of our integration efforts of FairPoint and continued cost saving initiatives, we incurred severance costs of $8.7 million during the quarter ended December 31, 2019.
Table:
 |  | Quarter Ended |  | 
2019 | March 31, | June 30, | September 30, | December 31,
 |  | (In thousands, except per share amounts) |  | 
Net revenues | $338,649 | $333,532 | $333,326 | $331,035
Operating income | $16,720 | $14,300 | $23,542 | $26,719
Net income (loss) attributable to common stockholders | $(7,265) | $(7,387) | $257 | $(5,988)
Basic and diluted earnings (loss) per share | $(0.11) | $(0.10) | $— | $(0.08)


Question: What was the total percentage increase / (decrease) in the Net income (loss) attributable to common stockholders from March 2019 to December 2019?
Answer: -17.58
Calculation: -5,988 / -7,265 - 1
Non-Management Director Compensation in Fiscal 2019
The non-management directors received the following compensation during fiscal 2019:
(1) This column represents the fair value of the stock award on the grant date determined in accordance with the provisions of ASC 718. As per SEC rules relating to executive compensation disclosure, the amounts shown exclude the impact of forfeitures related to service based vesting conditions. For additional information regarding assumptions made in calculating the amount reflected in this column, please refer to Note 10 to our audited consolidated financial statements, included in our Annual Report on Form 10-K for fiscal 2019.
(2) Dividend equivalent payments on unvested restricted stock.
Table:
Name | Fees Earned or Paid in Cash ($) | Stock Awards ($) (1) | Option Awards ($) | All Other Compensation ($) (2) | Total ($)
Robert D. Rosenthal | 95,000 | 40,000 | - | 25,900 | 160,900
Chad M. Lindbloom | 95,00 | 40,000 | - | 13,800 | 148,800
Paul S. Pearlman | 65,000 | 40,000 | - | 850 | 105,850
Lawrence Reinhold | 65,000 | 40,000 | - | 850 | 105,850


Question: What is the total compensation received by Robert D. Rosenthal and Chad M. Lindbloom during fiscal 2019?
Answer: 309700
Calculation: 160,900 + 148,800
19. Cash and cash equivalents
The majority of the Group’s cash is held in bank deposits or money market funds which have a maturity of three months or less to enable us to meet our short-term liquidity requirements.
Accounting policies
Cash and cash equivalents comprise cash in hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of changes in value. Assets in money market funds, whose contractual cash flows do not represent solely payments of interest and principal, are measured at fair value with gains and losses arising from changes in fair value included in net profit or loss for the period. All other cash and cash equivalents are measured at amortised cost.
Note: 1 Items are measured at fair value and the valuation basis is level 1 classification, which comprises financial instruments where fair value is determined by unadjusted quoted prices in active markets.
The carrying amount of balances at amortised cost approximates their fair value.
Cash and cash equivalents of €1,381 million (2018: €1,449 million) are held in countries with restrictions on remittances but where the balances could be used to repay subsidiaries’ third party liabilities.
Table:
 | 2019 | 2018
 | €m | €m
Cash at bank and in hand | 2,434 | 2,197
Repurchase agreements and bank deposits | 2,196 | –
Money market funds1 | 9,007 | 2,477
Cash and cash equivalents as presented in the statement of financial position | 13,637 | 4,674
Bank overdrafts | (32) | (7)
Cash and cash equivalents of discontinued operations | – | 727
Cash and cash equivalents as presented in the statement of cash flows | 13,605 | 5,394


Question: How long is the maturity period of the group's money market funds?
Answer: three months or less
1. THE BUSINESS
Maple Leaf Foods Inc. (“Maple Leaf Foods” or the "Company") is a producer of food products under leading brands including Maple
Leaf®, Maple Leaf Prime®, Schneiders®, Mina®, Greenfield Natural Meat Co.®, Swift®, Lightlife®, and Field Roast Grain Meat Co.™
The Company's portfolio includes prepared meats, ready-to-cook and ready-to-serve meals, valued-added fresh pork and poultry and
plant protein products. The address of the Company's registered office is 6985 Financial Dr. Mississauga, Ontario, L5N 0A1, Canada.
The Company employs approximately 13,000 people and does business primarily in Canada, the U.S. and Asia. The Company's shares trade on the Toronto Stock Exchange (MFI).
1. THE BUSINESS Maple Leaf Foods Inc. (“Maple Leaf Foods” or the "Company") is a producer of food products under leading brands including Maple Leaf®, Maple Leaf Prime®, Schneiders®, Mina®, Greenfield Natural Meat Co.®, Swift®, Lightlife®, and Field Roast Grain Meat Co.™ The Company's portfolio includes prepared meats, ready-to-cook and ready-to-serve meals, valued-added fresh pork and poultry and plant protein products. The address of the Company's registered office is 6985 Financial Dr. Mississauga, Ontario, L5N 0A1, Canada. The Company employs approximately 13,000 people and does business primarily in Canada, the U.S. and Asia. The Company's shares trade on the Toronto Stock Exchange (MFI).
Sales for 2019 were $3,941.5 million compared to $3,495.5 million last year, an increase of 12.8%. Excluding acquisitions, sales increased 5.2%, driven by favourable pricing, mix and volume in meat protein and accelerated growth in plant protein of 23.6%.
Net earnings for 2019 were $74.6 million ($0.60 per basic share) compared to $101.3 million ($0.81 per basic share) last year. Strong commercial performance and favourable resolution of income tax audits were more than offset by strategic investments in plant protein to drive top line growth and heightened volatility in hog prices. Net earnings were negatively impacted by $12.1 million due to non-cash fair value changes in biological assets and derivative contracts, which are excluded in the calculation of Adjusted Operating Earnings below.
Adjusted Operating Earnings for 2019 were $145.4 million compared to $215.6 million last year, and Adjusted Earnings per Share for
2019 were $0.68 compared to $1.22 last year due to similar factors as noted above.
For further discussion on key metrics and a discussion of results by operating segment, refer to the section titled Operating Review
starting on page 3 of this document.
Table:
 | Twelve months ended December 31, |  | 
($ millions except earnings per share) | 2019 | 2018 | % Change
Sales | $3,941.5 | $3,495.5 | 12.8 %
Net Earnings | $74.6 | $101.3 | (26.4)%
Basic Earnings per Share | $0.60 | $0.81 | (25.9)%
Adjusted Operating Earnings(i) | $145.4 | $215.6 | (32.6)%
Adjusted Earnings per Share(i) | $0.68 | $1.22 | (44.3)%


Question: How much are the expenses in 2019?
Answer: 3866.9
Calculation: 3,941.5-74.6
30. EMPLOYEE BENEFIT PLANS (cont.)
The fair value of the plan assets were allocated as follows between the various types of investments:
Plan assets are valued at the measurement date of December 31 each year.
The investments are made in accordance with the Statement of Investment Policies and Procedures. The Statement of Investment Policies and Procedures is reviewed on an annual basis by the Management Level Pension Fund Investment Committee with approval of the policy being provided by the Audit Committee.
Table:
As at December 31, | 2019 | 2018
Equity securities |  | 
Canada | 22.3% | 20.8%
United States | 19.8% | 12.7%
International (other than United States) | 14.1% | 18.1%
Fixed income instruments |  | 
Canada | 41.2% | 45.7%
Cash and cash equivalents |  | 
Canada | 2.6% | 2.7%


Question: What is the total percentage of plan asset fair value allocated to cash and cash equivalents in 2018 and 2019?
Answer: 5.3
Calculation: 2.6% + 2.7%
ACI WORLDWIDE, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (in thousands)
The accompanying notes are an integral part of the consolidated financial statements.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Net income | $67,062 | $68,921 | $5,135
Other comprehensive income (loss): |  |  | 
Foreign currency translation adjustments | 1,034 | -15,261 | 16,744
Total other comprehensive income (loss) | 1,034 | (15,261 ) | 16,744
Comprehensive income | $68,096 | $53,660 | $21,879


Question: What was the foreign currency translation adjustments in 2018?
Answer: -15,261
(15) CONTRACT BALANCES
Contract balances at December 31 are set forth in the following table:
The change in our net contract assets/(liabilities) from December 31, 2018 to December 31, 2019 was due primarily to the timing of payments and invoicing relating to SaaS and PCS renewals, partially offset by revenues recognized in the year ended December 31, 2019 of $674.2, related to our contract liability balances at December 31, 2018. In addition, the impact of the 2019 business acquisitions increased net contract liabilities by $96.2.
In order to determine revenues recognized in the period from contract liabilities, we allocate revenue to the individual deferred revenue or BIE balance outstanding at the beginning of the year until the revenue exceeds that balance.
Impairment losses recognized on our accounts receivable and unbilled receivables were immaterial in the year ended December 31, 2019.
(1) Consists of “Deferred revenue,” and billings in-excess of revenues (“BIE”). BIE are reported in “Other accrued liabilities” in our Consolidated Balance Sheets.
Table:
Balance Sheet Account | 2019 | 2018 | Change
Unbilled receivables | $  183.5 | $  169.4 | $    14.1
Contract liabilities - current(1) | (840.8) | (714.1) | (126.7)
Deferred revenue - non-current | (33.2) | (29.8) | (3.4)
Net contract assets/(liabilities) | $ (690.5) | $ (574.5) | $ (116.0)


Question: What is the percentage change in current contract liabilities in 2019 compared to 2018?
Answer: 17.74
Calculation: -126.7/-714.1
In the fourth quarter of 2019, we recognized other income, net of expenses, of $54 million, increasing from a negative $2 million in the prior quarter and from an income of $16 million in the year-ago quarter, reflecting higher R&D grants in Italy associated with the IPCEI program.
Other income and expenses, net
Table:
 |  | Three Months Ended | 
 | December 31, 2019 | September 29,2019 | December 31, 2018
 |  | (Unaudited, in millions) | 
Research and development funding | $68 | $14 | $19
Phase-out and start-up costs | (16) | (15) | (1)
Exchange gain (loss), net | 1 | (1) | —
Patent costs | (1) | (1) | (1)
Gain on sale of non-current assets | 1 | — | 1
Other, net | 1 | 1 | (2)
Other income and expenses, net | $54 | $(2) | $16
As percentage of net revenues | 2.0% | (0.1)% | 0.6%


Question: What is the average Other income and expenses, net for the period December 31, 2019 and 2018?
Answer: 35
Calculation: (54+16) /2
Net periodic benefit expense for our post-retirement benefit plans includes the following components:
We report service costs for our Combined Pension Plan and post-retirement benefit plans in cost of services and products and selling, general and administrative expenses in our consolidated statements of operations for the years ended December 31, 2019, 2018 and 2017. Additionally, a portion of the service cost is also allocated to certain assets under construction, which are capitalized and reflected as part of property, plant and equipment in our consolidated balance sheets. The remaining components of net periodic benefit expense (income) are reported in other income, net in our consolidated statements of operations. As a result of ongoing efforts to reduce our workforce, we recognized a one-time charge in 2019 of $6 million and in 2018 of $15 million for special termination benefit enhancements paid to certain eligible employees upon voluntary retirement.
Table:
 | Post-Retirement Plans |  | 
 | Years Ended December 31, |  | 
 | 2019 | 2018 | 2017
 | (Dollars in milions) |  | 
Service cost | $15 | 18 | 18
Interest cost | 110 | 97 | 100
Expected return on plan assets | (1) | (1) | (2)
Recognition of prior service cost | 16 | 20 | 20
Net periodic post-retirement benefit expense | $140 | 134 | 136


Question: How many components are included in the net periodic benefit expense reported for the post-retirement benefit plans?
Answer: 5
Calculation: service cost##interest cost##expected return on plan assets##recognition of prior service cost##net periodic post-retirement benefit expense
19. Cash and cash equivalents
The majority of the Group’s cash is held in bank deposits or money market funds which have a maturity of three months or less to enable us to meet our short-term liquidity requirements.
Accounting policies
Cash and cash equivalents comprise cash in hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of changes in value. Assets in money market funds, whose contractual cash flows do not represent solely payments of interest and principal, are measured at fair value with gains and losses arising from changes in fair value included in net profit or loss for the period. All other cash and cash equivalents are measured at amortised cost.
Note: 1 Items are measured at fair value and the valuation basis is level 1 classification, which comprises financial instruments where fair value is determined by unadjusted quoted prices in active markets.
The carrying amount of balances at amortised cost approximates their fair value.
Cash and cash equivalents of €1,381 million (2018: €1,449 million) are held in countries with restrictions on remittances but where the balances could be used to repay subsidiaries’ third party liabilities.
Table:
 | 2019 | 2018
 | €m | €m
Cash at bank and in hand | 2,434 | 2,197
Repurchase agreements and bank deposits | 2,196 | –
Money market funds1 | 9,007 | 2,477
Cash and cash equivalents as presented in the statement of financial position | 13,637 | 4,674
Bank overdrafts | (32) | (7)
Cash and cash equivalents of discontinued operations | – | 727
Cash and cash equivalents as presented in the statement of cash flows | 13,605 | 5,394


Question: Between 2018 and 2019, which year had a greater amount of cash at bank and in hand?
Answer: 2019
Calculation: 2,434>2,197
A.6.1 Capital structure
The increase in short-term debt and current maturities of long-term debt was due mainly to reclassifications of long-term euro and U. S. dollar instruments totaling € 3.9 billion from longterm debt. This was partly offset by € 3.3 billion resulting from the repayment of U. S. dollar instruments.
The decrease in current income tax liabilities was driven mainly by the reversal of income tax provisions outside Germany and tax payments in the context of the carve-out activities related to Siemens Healthineers.
Long-term debt increased due primarily to the issuance of euro instruments totaling € 6.5 billion and currency translation effects for bonds issued in the U. S. dollar. This was partly offset by the above-mentioned reclassifications of euro and U. S. dollar instruments.
The increase in provisions for pensions and similar obligations was due mainly to a lower discount rate. This effect was partly offset by a positive return on plan assets, among other factors.
The main factors for the increase in total equity attributable to shareholders of Siemens AG were € 5.2 billion in net income attributable to shareholders of Siemens AG; the re-issuance of treasury shares of € 1.6 billion; and positive other comprehensive income, net of income taxes of € 0.4 billion, resulting mainly from positive currency translation effects of € 1.8 billion, partly offset by negative effects from remeasurements of defined benefit plans of € 1.1 billion. This increase was partly offset by dividend payments of € 3.1 billion (for fiscal 2018) and the repurchase of 13,532,557 treasury shares at an average cost per share of € 99.78, totaling € 1.4 billion (including incidental transaction charges).
Table:
 |  | Sep 30, | 
(in millions of €) | 2019 | 2018 | % Change
Short-term debt and current maturities of long-term debt | 6,034 | 5,057 | 19 %
Trade payables | 11,409 | 10,716 | 6 %
Other current financial liabilities | 1,743 | 1,485 | 17 %
Contract liabilities | 16,452 | 14,464 | 14 %
Current provisions | 3,682 | 3,931 | (6) %
Current income tax liabilities | 2,378 | 3,102 | (23) %
Other current liabilities | 9,023 | 9,118 | (1) %
Liabilities associated with assets classified as held for disposal | 2 | 1 | 54 %
Total current liabilities | 50,723 | 47,874 | 6 %
Long-term debt | 30,414 | 27,120 | 12 %
Provisions for pensions and similar obligations | 9,896 | 7,684 | 29 %
Deferred tax liabilities | 1,305 | 1,092 | 19 %
Provisions | 3,714 | 4,216 | (12) %
Other financial liabilities | 986 | 685 | 44 %
Other liabilities | 2,226 | 2,198 | 1 %
Total non-current liabilities | 48,541 | 42,995 | 13 %
Total liabilities | 99,265 | 90,869 | 9 %
Debt ratio | 66 % | 65 % | 
Total equity attributable to shareholders of Siemens AG | 48,125 | 45,474 | 6 %
Equity ratio | 34 % | 35 % | 
Non-controlling interests | 2,858 | 2,573 | 11 %
Total liabilities and equity | 150,248 | 138,915 | 8 %
 |  |  | 


Question: What is the increase / (decrease) in total current liabilities from 2018 to 2019?
Answer: 2849
Calculation: 50,723 - 47,874